Google: Why I’m Not Buying More Now

Summary
  • Alphabet Inc. investors are experiencing a moment of vindication as the stock surged to a new high.
  • Concerns about DoJ’s headwinds on Google’s advertising and search ecosystem persist.
  • Yet, Google’s business fundamentals have remained robust, mitigating near-term worries about these issues.
  • GOOGL’s valuation isn’t expensive, but I also don’t think it’s undervalued anymore.
  • I argue why I think we need to give the stock some time to consolidate, as a pullback is looking imminent.
  • I am JR research, an opportunistic investor who identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. I run the investing group Ultimate Growth Investing.

What a ride for Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) investors as they outperformed the S&P 500 (SPX) (SPY) over the past three months. Long-suffering Google investors like me have consistently maintained my optimism, even

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This article was written by

JR Research

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JR Research is an opportunistic investor who identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He tends to avoid overhyped and overvalued stocks while capitalizing on battered stocks with significant upside recovery possibilities. He runs the investing group Ultimate Growth Investing, which specializes in identifying high-potential opportunities across various sectors. The group is designed for aggressive investors seeking to capitalize on high-growth opportunities, and investors looking for growth opportunities at a reasonable price. Learn more. Take advantage of my expertise and join the Ultimate Growth Investing community today. Benefit from my market insights, investment recommendations, and in-depth analyses to enhance your portfolio and navigate the investing landscape with confidence. Learn more about how Ultimate Growth Investing can help you today.

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