From Nasdaq.:

The three most-watched stock market indexes in the U.S. soared in 2023, marking a significant rebound from sharp declines in 2022. The Dow Jones Industrial Average gained 14%, the S&P 500 rose 25%, and the Nasdaq Composite jumped 45%. Despite soaring valuations in the stock market, there are opportunities to buy undervalued stocks like Alphabet and Roku.

Alphabet, the parent company of Google, continues to be a dominant force in the tech industry. Google’s search and advertising business remains a significant revenue driver, but Google Cloud and other ventures have an increasingly important role. The company’s long-term prospects, driven by AI and cloud computing, position it for continued growth and value for investors.

Roku, a media-streaming technology company, has seen a resurgence after a decline in 2022. The company’s revenue growth has restarted, with a steady increase in user accounts. Despite being unprofitable on a trailing-12-month basis, Roku’s strong market position and low valuation present a compelling investment opportunity for those seeking long-term growth.

Investors looking for stock market investment opportunities may want to consider Alphabet and Roku. Though Alphabet is not among the 10 best stocks identified by The Motley Fool’s Stock Advisor, the company’s long-term prospects remain promising. Meanwhile, Roku’s position as a low-priced stock with strong growth potential may offer substantial returns for patient investors. As always, careful consideration of risks and long-term investment goals is advised when evaluating potential stock investments.



Read more: 2 No-Brainer Stocks I’d Buy Right Now Without Hesitation