Google Remains a Winning Pick Despite Ad Slowdown

Alphabet reports earnings on April 28, but it is already shoring up the advertising slowdown…

This story was originally published here.

Everybody knows Google and its parent company, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). Google is the dominant internet search engine in the space, the dominant digital advertising company and a daily presence in the life of nearly every American.

Google is so dominant, in fact, that its very name is synonymous with the internet and turning into a verb by itself. People don’t say, “Look it up on the internet.” They say, “just Google it.”

Despite of — or perhaps because of — its size, Alphabet is getting slapped around a bit this quarter along with the rest of the digital advertising space. Companies aren’t spending money on ads during the novel coronavirus because many of them are shut down.

And that’s hurting the bottom line for GOOG stock.

But fortunately, Alphabet is taking some steps to alleviate the problem — just in time for the company to announce quarterly earnings on April 28.

Here’s a closer look at how GOOG stock is shaping up.

Editor's Note: To see how, click here.

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