Trade-Ideas LLC identified

Alphabet

(

GOOGL

) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Alphabet as such a stock due to the following factors:

  • GOOGL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.0 billion.
  • GOOGL is up 3.1% today from today's close.

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More details on GOOGL:

Alphabet Inc., through its subsidiaries, builds technology products and provides services to organize the information. GOOGL has a PE ratio of 34. Currently there are 29 analysts that rate Alphabet a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Alphabet has been 2.2 million shares per day over the past 30 days. Alphabet has a market cap of $213.7 billion and is part of the technology sector and internet industry. The stock has a beta of 0.89 and a short float of 1.5% with 1.65 days to cover. Shares are down 5.7% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Alphabet as a

buy

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Internet Software & Services industry average. The net income increased by 45.3% when compared to the same quarter one year prior, rising from $2,739.00 million to $3,979.00 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 14.9%. Since the same quarter one year prior, revenues rose by 13.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Although GOOGL's debt-to-equity ratio of 0.05 is very low, it is currently higher than that of the industry average. Along with this, the company maintains a quick ratio of 4.51, which clearly demonstrates the ability to cover short-term cash needs.
  • Powered by its strong earnings growth of 34.82% and other important driving factors, this stock has surged by 39.63% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, GOOGL should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.

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