Holding Onto Alphabet Stock With Dear Life

Reading the data points of Alphabet’s earnings report a few days ago was like reading through a summary of Rogers Hornsby’s 1922 Triple Crown season with the St. Louis Cardinals when he led the National League with a .401 batting average, hit 42 home runs, clocked 152 RBIs, and led the league in doubles, runs scored, and on-base percentage to boot. Alphabet, the parent company of Google, turned in an earnings report of similar quality, headlined by revenue growth of 22%.

There seems to be minimal dissent that Alphabet is one of the dominant businesses in the world today. It has 24.5% earnings per share growth over the past decade. It’s the verb we use when looking up information online. It is so powerful Europe fines the company for this, that, or the other on a regular basis. It is sitting on over $100 billion in cash, enabling it to Read the rest of this article!