Market Wrap - Stock Pick — Alphabet
Graeme Franck, PSG Wealth Sandton Grayston chose Alphabet Inc as his stock pick of the day. "I'm going to go offshore, I'm going for Alphabet, all the tech companies that have reported have done incredibly well Alphabet/Google trades on their PE of 22 times and here's a snippet of information; Google is one of the only companies that is both a noun and a verb so you know you can Google something but you can't psg or standard bank something. They're bought back $2bn worth of stock in the previous financial year, that up $3bn to $6,5bn now. It is an incredible company with unbelievable brands like YouTube which is very underrated."