GOOGL - 2 Nasdaq Stocks to Buy Hand Over Fist
2023-06-28 06:45:00 ET
Finding companies that can thrive during all market conditions is critical in investing. These companies can make up the backbone of your portfolio, as they exhibit more stability compared to some high-risk, high-return investments.
In my portfolio, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) and Autodesk (NASDAQ: ADSK) fill this role, as each has been able to steadily deliver positive business results despite a challenging economic environment. With each stock's current valuation, I also think now is an excellent time to add these two to your portfolio.
Alphabet is more commonly known by the products under its umbrella: Google, YouTube, and the Android operating system. Although the company has multiple products, 78% of its revenue is derived from advertising-related sources. This poses a threat during economic uncertainty, as advertising budgets are the first item to be reduced when a company is looking to save on costs.
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2 Nasdaq Stocks to Buy Hand Over Fist