2 Trillion-Dollar Stocks You'll Want to Buy in October Like They're Going Out of Style
The technology industry has created more value for investors than any other in U.S. history. All five American companies with valuations topping $1 trillion operate in the tech sector.
While many tech stocks have had an impressive 2023 so far, the broader stock market (including many tech stocks) experienced a partial pullback since the beginning of August. The drop was related to seasonal weakness along with persistently high interest rates that threaten to slow the economy. The pullback gives investors a rare opportunity to buy some of America's tech giants at a bit of a discount.
Later this month, Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) and e-commerce giant Amazon (NASDAQ: AMZN) will report their financial results for the third quarter. Both companies reported accelerated revenue growth in the prior quarter, and investors are wondering if they could report more of the same in the third quarter.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 96 Buy predictions and no Sell predictions.
As a result the target price of 180 € shows a positive potential of 21.75% compared to the current price of 147.84 € for Alphabet Inc. A.
