(US) Amazon & Alphabet: Top TECH To Watch
The Motley suggests three stocks that are bargain buys at today's marked-down prices - AMAZON, APPLIED MATERIALS and ALPHABET.
AMAZON.COM (AMZN) - Amazon Web Services (AWS) grew a solid 33% last quarter and garnered a 31% operating margin over the prior 12 months. Also, there are new innovations at Amazon, which includes the new "Just Walk Out" physical retail technology. It closed at USD126.820 (-USD9.63) yesterday.
APPLIED MATERIALS (AMAT) - It's the largest semiconductor equipment manufacturing company in the world, so its stock has also seen a big 38% sell-off this year, in spite of solid operating performance to date. It closed at USD90.390 (-USD5.91) yesterday.
ALPHABET (GOOGL) - Google has been very cheap by most measures for a while now, and especially in 2022. Good thing the company is stepping up its share repurchases this year, with a new USD70 billion authorization. Google Search looks resilient, the company's cloud computing segment is showing strong growth, and management is finally turning up the share buybacks. It closed at USD104.320 (-USD6.54) yesterday.
Source: The Motley Fool
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