Alphabet (GOOGL) is a top momentum stock with strong growth potential

From Nasdaq: 2024-12-12 09:50:11

Zacks Premium offers tools for all investors to navigate the stock market confidently. The service provides daily updates on Zacks Rank, Industry Rank, Equity Research reports, and Premium stock screens, along with the unique Zacks Style Scores. These scores rate stocks based on value, growth, and momentum, helping investors make informed decisions.

The Zacks Style Scores rate stocks on value, growth, and momentum, providing investors with a comprehensive view of a stock’s potential. By combining these scores with the Zacks Rank, investors can identify securities with the highest chances of outperforming the market. The VGM Score, a combination of all Style Scores, helps investors find stocks with attractive value, growth forecast, and momentum.

The Zacks Rank, a proprietary stock-rating model, uses earnings estimate revisions to identify winning stocks. Stocks with a #1 or #2 Rank and Style Scores of A or B have the best chance of success. It’s crucial to consider earnings outlook when choosing stocks, as even high-scored stocks with a #4 or #5 Rank may have declining share prices.

Alphabet Inc. (GOOGL) is a top stock to watch with its innovative ventures and market dominance. The company has seen growth in search queries and advertiser activity, leading to increased earnings estimates. With a #3 (Hold) Rank and a VGM Score of B, GOOGL is a strong contender for momentum investors. The stock has a positive earnings surprise history and solid potential for growth.

Investors looking to capitalize on momentum should consider Alphabet Inc. (GOOGL) for their portfolio. With a strong history of innovation and market dominance, GOOGL has potential for sustainable growth. The stock has a Momentum Style Score of B and has shown positive performance over the past few weeks. Additionally, analysts have revised earnings estimates upwards for fiscal 2024, indicating positive outlook for GOOGL.

For investors seeking the best stocks to buy in the next 30 days, Alphabet Inc. (GOOGL) should be on their radar. With a history of innovation and market dominance, GOOGL has the potential for long-term growth. The stock has a positive earnings surprise history and a solid VGM Score of B, making it a promising investment option.



Read more at Nasdaq: Alphabet (GOOGL) is a Top-Ranked Momentum Stock: Should You Buy?