5 Best Advertising Stocks To Invest In

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1. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 204

Alphabet Inc. (NASDAQ:GOOGL)’s Google dominates the global search market. Wedbush’s analyst Dan Ives recently said that Alphabet and Meta Platforms are “well positioned” to benefit from the rise in digital advertising. Ives reiterated an Outperform rating on Alphabet Inc. (NASDAQ:GOOGL). The analyst expects the second half of 2023 could be “positive” for digital advertising.

Wedgewood Partners made the following comment about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2023 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) was a top contributor to performance as search revenues accelerated during their second quarter. This improved performance flies in the face of fears that demand for the Company’s advertising inventory and core search functionality would be diluted by the Company’s own generative-AI offerings and outside substitutes. Alphabet subsidiaries have been at the vanguard of artificial intelligence for more than a decade. The Company has spent almost $150 billion on research and development over just the past five years, and today over 80% of the Company’s advertising customers use an AI-enabled tool when they run their Google Search and YouTube campaigns. Thus, Alphabet is certainly not “behind the curve” in any way, shape, or form when it comes to AI. Quite the contrary, the Company has ample room to rationalize spending to drive better returns on investments and increase capital returns to shareholders at these relatively attractive forward earnings multiples.”

You can also take a peek at 20 Countries with Lowest Rates of Cancer and 12 Most Undervalued Travel Stocks To Buy According To Hedge Funds.

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