RBC Has 3 Favorite Large Cap Internet Stocks to Buy Now

Technology

Published: May 17, 2016 10:55 am

Last Updated: January 13, 2020 7:57 am

Last year the so-called FANG stocks were the rage of the market with the companies making up the group rising 50% on average. However, 2016 has been quite a different story, and while things are decidedly better now that we are in May, they are not close to matching last year’s heady upside. One thing is for sure, the internet demand trends are remaining very consistent, and the top companies will continue to thrive.

A new RBC research report makes the case that things continue to be strong in the sector, and some of the firm’s favorite stocks are now on sale. Three large cap stocks are top picks and they look solid for aggressive accounts that have capital and can tolerate a degree of volatility.

Alphabet

The technology giant is one of the top large cap picks at RBC. Alphabet Inc. (NASDAQ: GOOGL), through its subsidiaries, builds technology products and provides services to organize the information. The company offers Google Search, which provides information online, and Google Now, which offers information to users when they need it.

It also provides YouTube, which offers video, interactive and other ad formats. Android is an open source mobile software platform. Its hardware products include Chromebook, Chrome OS devices, Chromecast and Nexus devices. Google Play is a cloud-based digital entertainment store for apps, music, books and movies, while Google Drive is a place for users to create, share, collaborate and keep their stuff. Google Wallet is a virtual wallet for in-store contactless payments.