11 Best Bear Market Stocks To Invest In Now

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1. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet Inc. (NASDAQ:GOOGL) is a California-based technology company that owns and runs the internet search engine Google. The following elements demonstrate why this company is an excellent investment choice. First of all, the report for the third quarter of 2024 demonstrated the company’s robust business expansion and adaptability across markets. For instance, consolidated revenues increased 15% in constant currency, year over year, to $88.3 billion, reflecting strong momentum across the business. The company has also introduced a quarterly dividend of $0.20 per share and a new $70 billion share repurchase authorization, which reflects the company’s strong financial position and commitment to returning value to shareholders. Additionally, the company has launched conversational AI, Search Generative Experience, into Google Search, which would enhance search capabilities by summarizing and organizing search results with AI-driven insights for better user engagement. Lastly, Alphabet’s Google Health launched Med-PaLM 2, an AI that can answer medical questions accurately.

While we acknowledge the potential of Alphabet Inc. (NASDAQ:GOOGL) as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a stock that is more promising than Alphabet Inc. (NASDAQ:GOOGL) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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