1 Top Growth Stock to Buy and Hold Forever
Equities have been volatile due to President Donald Trump's macroeconomic policies, but many corporations have seen hardly any changes to their investment theses despite the uncertainty. So there are still quality stocks investors should strongly consider buying.Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is a great example. The tech leader is down 16% this year, but its financial results and prospects remain attractive. Here's why investors should consider buying shares and holding onto them for the long term.The threat that tariffs could lead to inflation and an economic recession is weighing on Alphabet. If that happens, the company's ad business, by far its biggest source of revenue, will suffer. Companies tend to reduce their ad budgets in recessions, along with a drop in discretionary spending. Alphabet's cloud unit could also feel some negative impact if an economic downturn hits.Continue reading
Equities have been volatile due to President Donald Trump's macroeconomic policies, but many corporations have seen hardly any changes to their investment theses despite the uncertainty. So there are still quality stocks investors should strongly consider buying.
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is a great example. The tech leader is down 16% this year, but its financial results and prospects remain attractive. Here's why investors should consider buying shares and holding onto them for the long term.
The threat that tariffs could lead to inflation and an economic recession is weighing on Alphabet. If that happens, the company's ad business, by far its biggest source of revenue, will suffer. Companies tend to reduce their ad budgets in recessions, along with a drop in discretionary spending. Alphabet's cloud unit could also feel some negative impact if an economic downturn hits.
