$Alphabet(GOOG)$I think the recent declineis a good buying opportunity for Google. First geopolitical conflict will not affect it muchas Google's presence in Russia is limited given the censorship issues. Second, the increases in Fed rates would not affect Google much as it does not have significant amount ofdebts. Third, its revenue streams remain robust and it is investing in data centers which are expected to be a huge revenue source inthe future, especially given the forays by many companies into the metaverse etc. Theseendevours would ultimately demand the use of data centers. Lastly, its P/E ratio is not that high compared to other tech giants yet its fundamentals are stable. I will continue toDCA this stock despite the stock price decline as I believe in its fundamentals.
DYODD.
💰 Stocks to watch today?(15 Nov)
1. What news/movements are worth noting in the market today? Any stocks to watch?
2. What trading opportunities are there? Do you have any plans?
🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
That's our main interest