Is Alphabet Setting Up for a Big Move?

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GOOGL reported strong second quarter results due to solid momentum across its search, advertising, cloud and YouTube businesses. The company is benefiting from an increasing number of consumer online activities and rising advertiser spending. Its cloud division continues to be a key growth driver.

The company has a whopping $135.9 billion in cash as of the end of the most recent quarter, which greatly outweighs its long-term debt of $25.9 billion. This has led to a Quality Grade of B in our POWR Ratings system.

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