From Nasdaq: 2024-04-07 03:35:00

In early 2024, multiple indexes hit new all-time highs, signaling the start of new bull markets. Investors are eyeing growth stocks like Alphabet (GOOGL) and Pinterest (PINS), with Alphabet’s strong financial performance in 2023 highlighting its potential in digital advertising. Pinterest faced challenges post-pandemic but is showing signs of growth. Long-term investors may find these two stocks enticing amidst the market rally.

Alphabet (GOOGL) continues to dominate the digital advertising market, with Google’s search engine driving revenue growth. The company saw a 9% increase in total revenue to $307 billion and a 23% rise in net income in 2023. Alphabet’s focus on AI innovation, like the Gemini chatbot, and expanding subscription services position it as a top stock to watch for long-term investors.

Pinterest (PINS) experienced post-pandemic challenges with advertising spend slowdown, affecting its revenue and user growth. Despite this, the company reported 498 million monthly active users globally and $3 billion in revenue in 2023. Positive net income in the latter part of the year and regional ARPU growth indicate potential recovery for Pinterest, making it a stock to consider amidst market volatility.



Read more at Nasdaq: 2 Superb Growth Stocks to Buy in Today’s Bull Market