When most investors are looking for new stocks to buy, they consider factors like their tolerance for risk, preferred holding periods, and the ultimate timeframe to achieve their goals. Since every investor is different, so are the combinations of their holdings. Different stocks tick different boxes.
However, there are a small handful of solid names that could be right at home in any investor’s portfolio. Here’s a look at three of the best of these versatile leads.
It’s not a business that needs a lot of introduction. Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) is of course the parent of the world’s most widely used search engine, Google.
What may not be fully appreciated by investors, however, is how dominant Alphabet is in the search engine arena. The GlobalStats statistics counter shows that Google is the web search medium for almost 86% of the world’s computers.
It is not only on the search engine front that Alphabet dominates its respective market. It’s also the heavyweight of mobile operating systems, with Android installed on nearly 73% of actively used smartphones and tablets globally.
As was the case with search engines, this is an advance that Alphabet has enjoyed for some time as well, positioning it perfectly not only to serve as a search engine on mobile devices (95% of them , still according to GlobalStats), but as the easiest platform for downloading apps and other revenue-generating digital content. In total, Google alone accounts for nearly 60% of Alphabet’s total revenue.