2 No-Brainer Stocks I’d Buy Right Now Without Hesitation

The three most-watched stock market indexes for the U.S. markets soared in 2023. That’s a refreshing rebound from the deep plunges these market trackers posted in 2022. The Dow Jones Industrial Average has gained 14% year to date while the S&P 500 index rose 25% and the tech-heavy Nasdaq Composite increased by 45%.

So the markets generally bounced back amid soaring valuations, but some great stocks didn’t get the memo. The disconnect between fantastic companies with lagging stock returns has created some no-brainer buying opportunities. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Roku (NASDAQ: ROKU) are particularly tempting in my eyes, and I would gladly buy them hand over fist at their current share prices.

Read on to see what investors need to know about these two incredibly undervalued growth stocks.

Alphabet: From search engine to tech titan

Google parent Alphabet is going places, both in the long run and in the immediate future.

From a long-haul perspective, I love Alphabet’s ability to roll with the punches. The company rode into Wall Street on a horse named Google, and that’s still Alphabet’s most important business by a wide margin — but the reorganization into an umbrella company created a multi-sector conglomerate of the future.

Online search and advertising remains a cash cow for Alphabet, responsible for 89% of total revenue in the recently reported third quarter. But times are changing. Five years ago, Google-branded services generated 99.6% of Alphabet’s overall sales. Back then, the Google Cloud service was rolled into “other bets” with minuscule business contributions. Today, Google Cloud generates 11% of the third quarter’s consolidated sales and was reported as a significant standalone operation (using the Google brand but not lumped into the Google division).

Cloud-based artificial intelligence (AI) and the continued growth of software-as-a-service (SaaS) offerings will drive Google Cloud to even greater heights in…