My Top FAANG Stock to Buy for the Second Half of 2023 (and Beyond)
There's a solid argument to be made for most of the FAANG stocks right now. Just to name a couple examples, Amazon trades for less than half of its recent peak, and Netflix recently reported subscriber numbers that were dramatically better than analysts were expecting.
However, as we head into spring, there is one FAANG stock that looks like a particularly strong long-term opportunity while interest rates and inflation remain elevated and economic uncertainty persists: Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). The company offers a rare combination of maturity, profitability, and growth potential, and with shares down by about 40% from their highs, it looks like a bargain for patient investors.
Roughly 90% of Alphabet's revenue comes from Google Services, and to be fair, this is a collection of relatively mature, ad-driven businesses. The dominant Google Search platform is the biggest component, but this also includes YouTube, Gmail, Android, Chrome, Maps, and other popular consumer-facing platforms.
Source Fool.com