5 Best Stocks to Invest in Today According to David Abrams

4. Alphabet Inc. (NASDAQ: GOOG)

Abrams’ Stake Value: $357,576,000
Percentage of Jorge David Abrams’ 13F Portfolio: 7.94%
Number of Hedge Fund Holders: 190

Alphabet Inc. (NASDAQ: GOOG) sells internet advertising in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada, and Latin America. The company was incorporated in 1998 and is placed fourth on the list of 15 best stocks to invest in today according to David Abrams. Alphabet Inc. (NASDAQ: GOOG) shares have returned 75.19% to investors over the course of the past 12 months. 

Alphabet Inc. (NASDAQ: GOOG) is getting the attention of the smart money, as 190 hedge funds tracked by Insider Monkey reported owning stakes in the company in the second quarter of 2021, up from 185 funds a quarter earlier.

Baron Opportunity Fund, in its second-quarter 2021 investor letter, mentioned Alphabet Inc. (NASDAQ: GOOG). Here is what Baron Opportunity Fund has to say about Alphabet Inc. (NASDAQ: GOOG) in its letter:

“Alphabet Inc. is the parent company of Google, the world’s largest search and online advertising company and a top cloud computing player. Shares of Alphabet were up in the quarter given continued recovery in ad spending, strong cloud revenue growth, and improved cost controls. Alphabet’s total revenue grew 32%, beating the Street’s estimate of 25%, with search revenues up 30%, YouTube revenue up 49%, and total cloud revenue up 46% (with Google Cloud Platform growing much faster). Moreover, Google’s operating margins expanded over 1,000 basis points from 19% to just under 30%. We retain high conviction in Alphabet’s merits as it continues to benefit from growth in mobile and online video advertising, which accrues to its core assets of search, YouTube, and the Google ad network. We are further encouraged by Alphabet’s investments in cloud computing, artificial intelligence (AI), autonomous driving (Waymo), and life sciences.”