The Motley Fool has given three stocks it thinks are once-in-a-decade buying opportunities and one of them is Alphabet.
The Motley Fool acknowledges investors were disappointed in Q3’s advertising results as a reason for Alphabet’s stock price plunge this year. But they say Google has seen advertising headwinds before and always overcame them. And they don’t see a reason why it would be different this time either.
Google changed its parent company name to Alphabet after the last recession in the US. Today Google is a lot more than just a search engine. In fact, Google Search doesn’t take up nearly as many resources for Alphabet as people think. Alphabet is currently working on many things including driverless vehicles which will be one of the reasons its stock has a positive outlook over the next decade.