5 Set-It-and-Forget-It Stocks to Buy According to Financial Media

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 221

Alphabet Inc. (NASDAQ:GOOGL) is a California-based holding company that operates through its subsidiaries, including Google LLC, Waymo LLC, X Development LLC, and more.

On December 15, it was reported that Alphabet Inc. (NASDAQ:GOOGL)’s Google will integrate Gemini, an AI assistant, into its entire line of products and Pixie.

Diamond Hill Capital commented on Alphabet Inc. (NASDAQ:GOOGL) in its third-quarter 2023 investor letter. Here is what it said:

“On an individual holdings’ basis, top contributors to return in Q3 included long positions in KKR, Ciena Corporation and Alphabet. Shares of media and technology company Alphabet Inc. (NASDAQ:GOOG) rose in the quarter as its advertising and cloud businesses remain robust and the company delivered results ahead of market expectations. From a sector perspective, communication services also managed a positive Q3 (2%), riding the ongoing wave of positive mega-cap stocks’ performance, like Alphabet.”

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