Top stocks to watch this week: 17/01/2022

These are our weekly picks for the top stocks to be watching over the week commencing 17/01/2022.
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2 min read
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Our top pick: Alphabet

This company is known to most of the world for the well used search engine, Google. Alphabet is the parent company of Google – the biggest revenue stream for the company is advertising, in Q3 2021 advertising accounted for $54.13 billion in revenue for the company.

Google Cloud is also becoming a big part of the business. AWS is the market leader in this industry, with Microsoft’s Azure in second. However, Google Cloud is catching up and even has the potential to eventually take top spot from AWS. In Q3 2021, revenue from Google Cloud was around $4.9 billion, which was up from around $3.4 billion a year earlier.

Alphabet’s stock is currently down around 3.4% over the past month but it is up around 56% over the past year. The stock is currently trading at around $2,789.61 which is down from its all-time high of $3,019.33.

Microsoft

In Q1 2022 the company reported some incredibly strong results, including a revenue figure of $45.32 billion which was over $2 billion higher than some predictions and it was around a 22% increase year over year. Microsoft is a very well diversified company in terms of its revenue unlike some other companies (like Alphabet) which are trying to diversify but are still reliant on one stream of revenue.

Microsoft’s stock is currently down around 4.5% over the past month and up around 43% over the past year. The stock is currently trading at around $310.20 which is down from its all-time high of $349.67.

Fiverr

This company is a popular online marketplace mainly for finding freelancer services. The company is based In Israel and is listed on the New York Stock Exchange.

As the world has turned more digital and working from home has become increasingly more common, Fiverr is a great place for freelancers to find further work and a great place businesses to turn to for digital services.

Although the stock has not done well in the past, Fiverr has a promising future and lots of potential, it already has a thriving community of freelancers covering just about any digital job imaginable.

Fiverr’s stock is currently down around 24% over the past month and down around 64% over the past year. The stock is currently trading at around $85.15 which is down from its all-time high of $336.00.

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