5 Best Debt Free Stocks to Buy

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 152

Alphabet Inc. (NASDAQ:GOOG) is another potentially risky stock on our list with potential downside if it doesn’t adjust well enough given the change in the search market. Although its AI still makes mistakes, Microsoft’s AI powered Bing search could potentially gain market share and also increase processing costs for Google. As far as balance sheets go, however, Alphabet Inc. (NASDAQ:GOOG) had substantially more total cash, cash equivalents, and marketable securities than debt, giving the company financial flexibility for more investment in AI. As of March 10, Alphabet Inc. (NASDAQ:GOOG) has a forward P/E ratio of 14.94.