Latest news with #RichardFisher
Yahoo
08-03-2025
- Business
- Yahoo
ConocoPhillips (COP) Among the Most Undervalued High Quality Stock to Buy According to Analysts
We recently published a list of . In this article, we are going to take a look at where ConocoPhillips (NYSE:COP) stands against other most undervalued high quality stocks to buy according to analysts. In one of our recent articles, titled , we talked about how the recent tariffs have caused a slowdown in the market and are likely to cause inflation. Here's a piece from the article: 'Today, Richard Fisher, former Dallas Fed president, appeared on a CNBC interview to talk about the recent tariffs and their impact on the market. Fisher stated that a tariff is a cost factor that goes into producing and distributing a product, making it a form of tax. Business operators of all sizes have to figure out a way to protect their margins against the impact. On the other hand, the Federal Reserve has to gauge the amount of revenue it would generate from these tariffs considering it is slowing down the economy and can cause inflation as the companies will have to raise prices to maintain their margins. Moreover, Richard Fisher noted that such tariffs take a long to be digested, as businesses don't change something overnight. The only way for companies to maintain their margins without increasing prices is by increasing productivity, which again does not happen overnight and takes time.' On March 6, Tom Lee, managing partner and head of research at Fundstrat Global Advisors appeared on a CNBC interview to talk about how the market is likely to proceed forward from here. Lee stated that he is still optimistic about the market, he acknowledged that investors are sitting out at the moment as they are trying to assess the severity of these tariffs. However as a result the market is seeing a big price correction and a decline in sentiment. Moreover, Lee noted that we also had a bad ADP jobs report and the market is going up on bad news which he believes is good for the market. Lee explained what has happened during the six weeks essentially represents a bear market that has swept through sentiment and positioning because if we look at the hedge funds positioning it has almost gone neutral. Lee believes because of this the current and two upcoming months can be huge rally months, where the market can be rallying as much as 10% to 15%. While answering the question of whether this slowdown is a Buy, Lee noted that the 10 best days happen every year for the market. Last year the 10 best days of the year added up to 21% to the S&P 500, excluding these 10 days the market was only up 4%. He explained that markets don't get 20% gains throughout the year, it is those 10 best days where the market rallies the most. Lee thinks that these 10 best days for 2025 are near because if the economy is near stall speed, the 'Trump Put' will come back, otherwise, the market has to unwind all this austerity. Moreover, if the job market is soft, the 'Fed Put' comes back into play, because the Fed does not want the stall speed to linger. Lee thinks these two things are going to be the positive catalysts in the next couple of weeks. To compile the list of the 10 most undervalued high-quality stocks to buy according to analysts, we used the iShares MSCI USA Quality Factor ETF. Using the ETF we aggregated a list of high-quality stocks trading below the S&P 500's forward P/E ratio of 22 as per the Wall Street Journal. Next, we checked the analyst upside potential for each stock from CNN and ranked the stocks in ascending order of the upside potential. We have also added the number of hedge funds holding each stock, sourced from Insider Monkey's Q4 hedge funds database. Please note that the data was collected on March 6, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). An underground network of pipelines transporting oil through an expansive (NYSE:COP) explores, produces, transports, and markets various energy resources such as crude oil, natural gas, natural gas liquids, and liquefied natural gas. It operates in several regions including Alaska, the contiguous United States, Canada, Europe, the Middle East, North Africa, Asia Pacific, and other international locations. On February 17, Evercore ISI analyst Stephen Richardson reiterated a Buy rating on the stock with a price target of $165.00. During the fiscal fourth quarter of 2024, ConocoPhillips (NYSE:COP) achieved a 4% year-over-year production growth, exceeding their guidance. The growth was driven by a 5% increase in the Lower 48 region and a 3% increase in Alaska and international operations. In a major strategic development, the company completed the acquisition of Marathon Oil, adding high-quality assets to its portfolio. It expects to achieve over $1 billion in synergies by the end of 2025. Looking ahead, the company plans to reduce capital spending by over 15% while maintaining low single-digit production growth. The management is also investing in high-return projects and expects significant cash flow increases from these investments starting in 2026. It is the most undervalued high-quality stock to buy according to analysts. Overall, COP ranks 1st on our list of most undervalued high quality stocks to buy according to analysts. While we acknowledge the potential of COP as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COP but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
08-03-2025
- Business
- Yahoo
Is Adobe Inc. (ADBE) the Most Undervalued High Quality Stock to Buy According to Analysts?
We recently published a list of . In this article, we are going to take a look at where Adobe Inc. (NASDAQ:ADBE) stands against other most undervalued high quality stocks to buy according to analysts. In one of our recent articles, titled , we talked about how the recent tariffs have caused a slowdown in the market and are likely to cause inflation. Here's a piece from the article: 'Today, Richard Fisher, former Dallas Fed president, appeared on a CNBC interview to talk about the recent tariffs and their impact on the market. Fisher stated that a tariff is a cost factor that goes into producing and distributing a product, making it a form of tax. Business operators of all sizes have to figure out a way to protect their margins against the impact. On the other hand, the Federal Reserve has to gauge the amount of revenue it would generate from these tariffs considering it is slowing down the economy and can cause inflation as the companies will have to raise prices to maintain their margins. Moreover, Richard Fisher noted that such tariffs take a long to be digested, as businesses don't change something overnight. The only way for companies to maintain their margins without increasing prices is by increasing productivity, which again does not happen overnight and takes time.' On March 6, Tom Lee, managing partner and head of research at Fundstrat Global Advisors appeared on a CNBC interview to talk about how the market is likely to proceed forward from here. Lee stated that he is still optimistic about the market, he acknowledged that investors are sitting out at the moment as they are trying to assess the severity of these tariffs. However as a result the market is seeing a big price correction and a decline in sentiment. Moreover, Lee noted that we also had a bad ADP jobs report and the market is going up on bad news which he believes is good for the market. Lee explained what has happened during the six weeks essentially represents a bear market that has swept through sentiment and positioning because if we look at the hedge funds positioning it has almost gone neutral. Lee believes because of this the current and two upcoming months can be huge rally months, where the market can be rallying as much as 10% to 15%. While answering the question of whether this slowdown is a Buy, Lee noted that the 10 best days happen every year for the market. Last year the 10 best days of the year added up to 21% to the S&P 500, excluding these 10 days the market was only up 4%. He explained that markets don't get 20% gains throughout the year, it is those 10 best days where the market rallies the most. Lee thinks that these 10 best days for 2025 are near because if the economy is near stall speed, the 'Trump Put' will come back, otherwise, the market has to unwind all this austerity. Moreover, if the job market is soft, the 'Fed Put' comes back into play, because the Fed does not want the stall speed to linger. Lee thinks these two things are going to be the positive catalysts in the next couple of weeks. To compile the list of the 10 most undervalued high-quality stocks to buy according to analysts, we used the iShares MSCI USA Quality Factor ETF. Using the ETF we aggregated a list of high-quality stocks trading below the S&P 500's forward P/E ratio of 22 as per the Wall Street Journal. Next, we checked the analyst upside potential for each stock from CNN and ranked the stocks in ascending order of the upside potential. We have also added the number of hedge funds holding each stock, sourced from Insider Monkey's Q4 hedge funds database. Please note that the data was collected on March 6, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A team of engineers and scientists collaborating at a workstation surrounded by their applications and Inc. (NASDAQ:ADBE) is a global technology giant that helps people and businesses create, manage, and deliver digital content across various platforms. On March 5, Barclays analyst Saket Kalia maintained a Buy rating on the stock with a price target of $567. During the fiscal fourth quarter of 2024, the company achieved a record revenue of $21.51 billion, marking an 11% year-over-year growth both as reported and in constant currency. The Digital Segment revenue was one of the top performers with revenue increasing 12% year-over-year to reach $15.86 billion. Moreover, net new Digital Media Annualized Recurring Revenue exceeded $2.0 billion, marking a significant milestone for the company. Adobe Inc. (NASDAQ:ADBE) is at the forefront of AI innovations the company released its Adobe Firefly, which allows users to create stunning visuals, text effects, and illustrations with simple text prompts. It has expanded capabilities for real-time AI-assisted edits, video content generation, and 3D asset creation. Polen Focus Growth Strategy in its Q4 2024 investor letter stated that the company came under pressure due to delays in effectively monetizing its generative AI Firefly. However, the fund remains optimistic that even if other open-source platforms develop generative AI companies and professionals will still need Adobe Inc. (NASDAQ:ADBE) to edit content. It is one of the most undervalued high-quality stocks to buy according to analysts. Polen Focus Growth Strategy stated the following regarding Adobe Inc. (NASDAQ:ADBE) in its Q4 2024 investor letter: 'Zoetis and Adobe Inc. (NASDAQ:ADBE) were also notable absolute detractors. Adobe is another holding that's come under pressure this year due to concerns about delays in the company's ability to monetize its generative AI Firefly offering. Our research suggests that even if open-source generative AI tools proliferate, creative professionals will still need to curate and edit that content in Adobe tools.' Overall, ADBE ranks 4th on our list of most undervalued high quality stocks to buy according to analysts. While we acknowledge the potential of ADBE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ADBE but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
08-03-2025
- Business
- Yahoo
Is Lockheed Martin Corporation (LMT) the Most Undervalued High Quality Stock to Buy According to Analysts?
We recently published a list of . In this article, we are going to take a look at where Lockheed Martin Corporation (NYSE:LMT) stands against other most undervalued high quality stocks to buy according to analysts. In one of our recent articles, titled , we talked about how the recent tariffs have caused a slowdown in the market and are likely to cause inflation. Here's a piece from the article: 'Today, Richard Fisher, former Dallas Fed president, appeared on a CNBC interview to talk about the recent tariffs and their impact on the market. Fisher stated that a tariff is a cost factor that goes into producing and distributing a product, making it a form of tax. Business operators of all sizes have to figure out a way to protect their margins against the impact. On the other hand, the Federal Reserve has to gauge the amount of revenue it would generate from these tariffs considering it is slowing down the economy and can cause inflation as the companies will have to raise prices to maintain their margins. Moreover, Richard Fisher noted that such tariffs take a long to be digested, as businesses don't change something overnight. The only way for companies to maintain their margins without increasing prices is by increasing productivity, which again does not happen overnight and takes time.' On March 6, Tom Lee, managing partner and head of research at Fundstrat Global Advisors appeared on a CNBC interview to talk about how the market is likely to proceed forward from here. Lee stated that he is still optimistic about the market, he acknowledged that investors are sitting out at the moment as they are trying to assess the severity of these tariffs. However as a result the market is seeing a big price correction and a decline in sentiment. Moreover, Lee noted that we also had a bad ADP jobs report and the market is going up on bad news which he believes is good for the market. Lee explained what has happened during the six weeks essentially represents a bear market that has swept through sentiment and positioning because if we look at the hedge funds positioning it has almost gone neutral. Lee believes because of this the current and two upcoming months can be huge rally months, where the market can be rallying as much as 10% to 15%. While answering the question of whether this slowdown is a Buy, Lee noted that the 10 best days happen every year for the market. Last year the 10 best days of the year added up to 21% to the S&P 500, excluding these 10 days the market was only up 4%. He explained that markets don't get 20% gains throughout the year, it is those 10 best days where the market rallies the most. Lee thinks that these 10 best days for 2025 are near because if the economy is near stall speed, the 'Trump Put' will come back, otherwise, the market has to unwind all this austerity. Moreover, if the job market is soft, the 'Fed Put' comes back into play, because the Fed does not want the stall speed to linger. Lee thinks these two things are going to be the positive catalysts in the next couple of weeks. To compile the list of the 10 most undervalued high-quality stocks to buy according to analysts, we used the iShares MSCI USA Quality Factor ETF. Using the ETF we aggregated a list of high-quality stocks trading below the S&P 500's forward P/E ratio of 22 as per the Wall Street Journal. Next, we checked the analyst upside potential for each stock from CNN and ranked the stocks in ascending order of the upside potential. We have also added the number of hedge funds holding each stock, sourced from Insider Monkey's Q4 hedge funds database. Please note that the data was collected on March 6, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A military aircraft in flight, showing the strength of the company's combat & air mobility Martin Corporation (NYSE:LMT) is a leading international aerospace and defense company. The company operates through four main business segments including Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. On February 14, Gautam Khanna from TD Cowen maintained a Buy rating on the stock with a price target of $520. During the fiscal year 2024, Lockheed Martin Corporation (NYSE:LMT) grew its sales by 5%. Moreover, the company reached a record backlog of $176 billion, indicating strong future demand. More notably, all four business areas had a book-to-bill ratio greater than 1, showing more orders were received than fulfilled. The company gained the spotlight by delivering 110 F-35 aircraft in 2024, which was the high end of its expected range. Looking ahead, Lockheed Martin Corporation (NYSE:LMT) expects to make around 170 to 190 F-35 deliveries in 2025. It is one of the most undervalued high-quality stocks to buy according to analysts. Ariel Focus Fund stated the following regarding Lockheed Martin Corporation (NYSE:LMT) in its Q4 2024 investor letter: 'Shares of leading global defense contractor Lockheed Martin Corporation (NYSE:LMT) also traded lower returning some of its third quarter gains. Although earnings were solid, investor uncertainty tied to ongoing F-35 contract negotiations and software delays overshadowed the company's robust order backlog and return of capital to shareholders via share repurchases and dividends. In our view, LMT continues to be well positioned in the defense sector.' Overall, LMT ranks 9th on our list of most undervalued high quality stocks to buy according to analysts. While we acknowledge the potential of LMT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LMT but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
08-03-2025
- Business
- Yahoo
Is Adobe Inc. (ADBE) the Most Undervalued High Quality Stock to Buy According to Analysts?
We recently published a list of . In this article, we are going to take a look at where Adobe Inc. (NASDAQ:ADBE) stands against other most undervalued high quality stocks to buy according to analysts. In one of our recent articles, titled , we talked about how the recent tariffs have caused a slowdown in the market and are likely to cause inflation. Here's a piece from the article: 'Today, Richard Fisher, former Dallas Fed president, appeared on a CNBC interview to talk about the recent tariffs and their impact on the market. Fisher stated that a tariff is a cost factor that goes into producing and distributing a product, making it a form of tax. Business operators of all sizes have to figure out a way to protect their margins against the impact. On the other hand, the Federal Reserve has to gauge the amount of revenue it would generate from these tariffs considering it is slowing down the economy and can cause inflation as the companies will have to raise prices to maintain their margins. Moreover, Richard Fisher noted that such tariffs take a long to be digested, as businesses don't change something overnight. The only way for companies to maintain their margins without increasing prices is by increasing productivity, which again does not happen overnight and takes time.' On March 6, Tom Lee, managing partner and head of research at Fundstrat Global Advisors appeared on a CNBC interview to talk about how the market is likely to proceed forward from here. Lee stated that he is still optimistic about the market, he acknowledged that investors are sitting out at the moment as they are trying to assess the severity of these tariffs. However as a result the market is seeing a big price correction and a decline in sentiment. Moreover, Lee noted that we also had a bad ADP jobs report and the market is going up on bad news which he believes is good for the market. Lee explained what has happened during the six weeks essentially represents a bear market that has swept through sentiment and positioning because if we look at the hedge funds positioning it has almost gone neutral. Lee believes because of this the current and two upcoming months can be huge rally months, where the market can be rallying as much as 10% to 15%. While answering the question of whether this slowdown is a Buy, Lee noted that the 10 best days happen every year for the market. Last year the 10 best days of the year added up to 21% to the S&P 500, excluding these 10 days the market was only up 4%. He explained that markets don't get 20% gains throughout the year, it is those 10 best days where the market rallies the most. Lee thinks that these 10 best days for 2025 are near because if the economy is near stall speed, the 'Trump Put' will come back, otherwise, the market has to unwind all this austerity. Moreover, if the job market is soft, the 'Fed Put' comes back into play, because the Fed does not want the stall speed to linger. Lee thinks these two things are going to be the positive catalysts in the next couple of weeks. To compile the list of the 10 most undervalued high-quality stocks to buy according to analysts, we used the iShares MSCI USA Quality Factor ETF. Using the ETF we aggregated a list of high-quality stocks trading below the S&P 500's forward P/E ratio of 22 as per the Wall Street Journal. Next, we checked the analyst upside potential for each stock from CNN and ranked the stocks in ascending order of the upside potential. We have also added the number of hedge funds holding each stock, sourced from Insider Monkey's Q4 hedge funds database. Please note that the data was collected on March 6, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A team of engineers and scientists collaborating at a workstation surrounded by their applications and Inc. (NASDAQ:ADBE) is a global technology giant that helps people and businesses create, manage, and deliver digital content across various platforms. On March 5, Barclays analyst Saket Kalia maintained a Buy rating on the stock with a price target of $567. During the fiscal fourth quarter of 2024, the company achieved a record revenue of $21.51 billion, marking an 11% year-over-year growth both as reported and in constant currency. The Digital Segment revenue was one of the top performers with revenue increasing 12% year-over-year to reach $15.86 billion. Moreover, net new Digital Media Annualized Recurring Revenue exceeded $2.0 billion, marking a significant milestone for the company. Adobe Inc. (NASDAQ:ADBE) is at the forefront of AI innovations the company released its Adobe Firefly, which allows users to create stunning visuals, text effects, and illustrations with simple text prompts. It has expanded capabilities for real-time AI-assisted edits, video content generation, and 3D asset creation. Polen Focus Growth Strategy in its Q4 2024 investor letter stated that the company came under pressure due to delays in effectively monetizing its generative AI Firefly. However, the fund remains optimistic that even if other open-source platforms develop generative AI companies and professionals will still need Adobe Inc. (NASDAQ:ADBE) to edit content. It is one of the most undervalued high-quality stocks to buy according to analysts. Polen Focus Growth Strategy stated the following regarding Adobe Inc. (NASDAQ:ADBE) in its Q4 2024 investor letter: 'Zoetis and Adobe Inc. (NASDAQ:ADBE) were also notable absolute detractors. Adobe is another holding that's come under pressure this year due to concerns about delays in the company's ability to monetize its generative AI Firefly offering. Our research suggests that even if open-source generative AI tools proliferate, creative professionals will still need to curate and edit that content in Adobe tools.' Overall, ADBE ranks 4th on our list of most undervalued high quality stocks to buy according to analysts. While we acknowledge the potential of ADBE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ADBE but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
08-03-2025
- Business
- Yahoo
Is Alphabet Inc. (GOOGL) the Most Undervalued High Quality Stock to Buy According to Analysts?
We recently published a list of . In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOGL) stands against other most undervalued high quality stocks to buy according to analysts. In one of our recent articles, titled , we talked about how the recent tariffs have caused a slowdown in the market and are likely to cause inflation. Here's a piece from the article: 'Today, Richard Fisher, former Dallas Fed president, appeared on a CNBC interview to talk about the recent tariffs and their impact on the market. Fisher stated that a tariff is a cost factor that goes into producing and distributing a product, making it a form of tax. Business operators of all sizes have to figure out a way to protect their margins against the impact. On the other hand, the Federal Reserve has to gauge the amount of revenue it would generate from these tariffs considering it is slowing down the economy and can cause inflation as the companies will have to raise prices to maintain their margins. Moreover, Richard Fisher noted that such tariffs take a long to be digested, as businesses don't change something overnight. The only way for companies to maintain their margins without increasing prices is by increasing productivity, which again does not happen overnight and takes time.' On March 6, Tom Lee, managing partner and head of research at Fundstrat Global Advisors appeared on a CNBC interview to talk about how the market is likely to proceed forward from here. Lee stated that he is still optimistic about the market, he acknowledged that investors are sitting out at the moment as they are trying to assess the severity of these tariffs. However as a result the market is seeing a big price correction and a decline in sentiment. Moreover, Lee noted that we also had a bad ADP jobs report and the market is going up on bad news which he believes is good for the market. Lee explained what has happened during the six weeks essentially represents a bear market that has swept through sentiment and positioning because if we look at the hedge funds positioning it has almost gone neutral. Lee believes because of this the current and two upcoming months can be huge rally months, where the market can be rallying as much as 10% to 15%. While answering the question of whether this slowdown is a Buy, Lee noted that the 10 best days happen every year for the market. Last year the 10 best days of the year added up to 21% to the S&P 500, excluding these 10 days the market was only up 4%. He explained that markets don't get 20% gains throughout the year, it is those 10 best days where the market rallies the most. Lee thinks that these 10 best days for 2025 are near because if the economy is near stall speed, the 'Trump Put' will come back, otherwise, the market has to unwind all this austerity. Moreover, if the job market is soft, the 'Fed Put' comes back into play, because the Fed does not want the stall speed to linger. Lee thinks these two things are going to be the positive catalysts in the next couple of weeks. To compile the list of the 10 most undervalued high-quality stocks to buy according to analysts, we used the iShares MSCI USA Quality Factor ETF. Using the ETF we aggregated a list of high-quality stocks trading below the S&P 500's forward P/E ratio of 22 as per the Wall Street Journal. Next, we checked the analyst upside potential for each stock from CNN and ranked the stocks in ascending order of the upside potential. We have also added the number of hedge funds holding each stock, sourced from Insider Monkey's Q4 hedge funds database. Please note that the data was collected on March 6, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A user's hands typing a search query into a Google Search box, emphasizing the company's search Inc. (NASDAQ:GOOGL) is a leading technology company that provides a range of products and services internationally. The company operates through three main segments including Google Services, Google Cloud, and Other Bets. It is known for popular platforms including Google search engine, YouTube, Android, Google Maps, and more. On March 5, BofA released a statement regarding Alphabet Inc. (NASDAQ:GOOGL). The firm has a Buy rating on the stock, with a price target of $225. BofA noted that Google now processes more than 5 trillion searches annually, a significant increase from the 2 trillion searches reported in 2016. This represents a substantial growth in query volume over the past eight years. Moreover, the query volume has grown at a 12% CAGR from 2016 to 2024. This is notably lower than the 19% CAGR for search revenues during the same period, suggesting that revenue growth has been more influenced by monetization strategies rather than just volume increases. The firm suggested that while strong usage growth has contributed significantly to revenues, improved monetization can add an additional 6 to 7 percentage points of growth annually. Moreover, disclosure of these figures could enhance investor confidence in Google's ability to leverage new AI technologies effectively over time. Alphabet Inc. (NASDAQ:GOOGL) is one of the most undervalued high-quality stocks to buy according to analysts. Qualivian Investment Partners, an investment partnership focused on long-only public equities, released its Q3 2024 investor letter. Here is what the fund said: 'Alphabet Inc. (NASDAQ:GOOGL): Q2 2024 revenues and EPS beat expectations, with total revenues growing 14%, Search ad revenues growing 14%, YouTube ads growing 13%, and Google Cloud revenues growing 29%. Revenue growth in the quarter constituted a continued sequential improvement from earlier quarters in the year, suggesting a continued rebound in Alphabet's core business except for YouTube ad revenues, which missed expectations and showed deceleration in the growth rate as compared to Q1 when it grew 21%. Operating margins improved by 310 bps vs. the same quarter last year. Overall, GOOGL ranks 5th on our list of most undervalued high quality stocks to buy according to analysts. While we acknowledge the potential of GOOGL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
