Alphabet Stock Investors: Here's the Most Important Metric to Follow
Revenue and profit figures get the attention, but investors need to look beneath the surface.
Overview
Since hitting a fresh all-time high in May, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) shares have traded 15% lower (as of June 25). However, they have still more than doubled in the past 12 months.
At this point, investors probably don't need much convincing to buy this "Magnificent Seven" stock. It's a dominant force in the internet economy. And it's in a great position to benefit from the artificial intelligence (AI) boom.
Details
While there are numerous data points that can help investors gauge the company's performance, here's the most important metric to follow right now.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.