Bean Capital - Is Google (GOOGL) A Buy Before Stock Split?

FANG stocks have been under scrutiny over the past 2 years and 2022 has been no exception. What we can say categorically is that Alphabet Inc. has managed to outperform its peers and the planned July split is a sign of where they look to be heading.

Here is a brief snapshot of the Bean Capital report on whether investors should get involved GOOGL before the stock split in July.:

Alphabet has announced a 20-for-1 stock split, which takes effect after the close of business July 15. The stock split could pave the way for the tech giant to enter the Dow Jones Industrial Average. GOOGL stock could be more attractive to retail investors.

GOOGL stock jumped 65% in 2021, finally outperforming other "FANG" stocks. But Google-parent Alphabet (GOOGL) as well as Facebook-parent Meta Platforms (FB), Amazon.com (AMZN) and Netflix (NFLX) have struggled in 2022 amid a bloodbath in technology stocks.

Google Stock: Investing In Growth

Hiring and investments continue to ramp up for the company. Alphabet expects a "meaningful increase" in 2022 capital spending, reflecting investments in computer servers in internet data centers and construction of office space.

Google's board of directors has authorized $70 billion in additional stock repurchases.

In Q1, the company repurchased $13 billion of Google stock vs. $13.5 billion in the December quarter and $12.6 billion in the September quarter.

Helping GOOGL stock has been a rebound in digital advertising as the coronavirus emergency fades. Google aims to be a bigger player in e-commerce, such as in online travel. But macroeconomic concerns, such as growing currency headwinds, pose a problem for the online search giant.

To read the full report and gain access to our latest views and opinions, visit https://www.beancapitallimited.com and sign up to our newsletter service.

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