Alphabet (NASDAQ: GOOGL)
Alphabet is the holding company for the search engine Google and owns video-sharing site YouTube. The company also provides a cloud service (Google Cloud) and is working to introduce generative artificial intelligence (AI) in all its products. Alphabet reported a stunning financial performance for 2023 with revenue rising 8.7% year on year to US$307.4 billion. Operating profit increased by 12.6% year on year to US$84.3 billion while net profit climbed 23% year on year to US$73.8 billion....Growth stocks are your best bet to increase the value of your portfolio and earn that happy retirement.
The key is to buy and own these stocks over the long term as they steadily grow their revenue, profits, and cash flows.
Along the way, their share prices should also march higher in tandem with their financial performance, providing investors with rich capital gains.
Here are four stocks that have attractive attributes that could go on to provide strong share price upside.