When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Alphabet stock now meets that criteria, with an increase from 66 to 84 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves.
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Is Alphabet Stock A Buy?
Alphabet stock has been rallying higher the last few months, but the search engine stock is not currently offering a proper buying opportunity. See if the stock goes on to form a sound pattern that could kick off a new climb. Check out the latest IBD article, "Is Google Stock A Buy Amid Artificial Intelligence Battleground?"
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up -11%, compared to -19% in the prior report. Revenue increased from 1% to 3%.
Alphabet stock holds the No. 5 rank among its peers in the Internet-Content industry group. LegalZoom.com and Meta Platforms are also among the group's highest-rated stocks.
