1 Stock I Own and Will Buy More of No Matter What Happens With the Stock Market
Last year was a hard one for investors. The S&P 500 and the tech-heavy Nasdaq Composite Index lost 19% and 33%, respectively, in 2022, marking their worst annual performances since 2008, when the global economy was being ravaged by the Great Recession.
This year is off to a better start: Both indexes were up nicely in January. However, stock markets are volatile, and regardless of what happens in the near future, I won't hesitate to load up even more on Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) shares in particular. Here's why I like the business so much.
After posting a stellar annual revenue gain of 41% in 2021, Alphabet hit the brakes in 2022, increasing overall sales by only 9.8% for the year. Difficult comparisons deserve some of the blame, as it was going to be extremely difficult to post strong growth on top of 2021's impressive figure.
Source Fool.com
