5 Best Future Stocks to Buy Today

4. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 153

Alphabet Inc. (NASDAQ:GOOG) has also been one of the most innovative companies since its founding less than three decades ago. As a result of its innovation, Alphabet Inc. (NASDAQ:GOOG) has arguably the world’s best search engine and also the world’s premier video streaming service. In the future, Alphabet Inc. (NASDAQ:GOOG) is also working on future technologies such as self driving cars, delviery drones, and potential ways of extending life expectancy.

Although it faces headwinds from TikTok and a potential recession in the future, Alphabet Inc. (NASDAQ:GOOG)’s fundamentals are currently strong at least in the near term. Lakehouse Capital commented on Alphabet Inc. (NASDAQ:GOOG) in a July 2022 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) reported another strong quarterly result despite the tough macroeconomic conditions. Revenue increased by 13% as Search proved resilient, primarily led by strength in the travel and retail verticals. YouTube advertising growth was lighter and moderated due to a tough comparison period and a general softening in brand advertising spend. That said, YouTube’s user engagement and time spent still continues to grow which bodes well for future monetisation opportunities. Google Cloud outpaced the company’s overall growth with revenue increasing by 36% and while it has yet to show any signs of profitability, we remain supportive of Alphabet continuing to reinvest in its cloud business given the size of the market opportunity ahead. On the cost front, the company added another 10,000 employees during the quarter, but notably, the CFO mentioned that hiring will likely slow down over the next twelve months as the company focuses on greater operating efficiency. Overall, we’re pleased with how the company has performed and are confident that management will be able to control costs, if or when the economic environment becomes more challenging.”