I'm not too big on saccharine aphorisms but legendary investor's Warren Buffett's time-tested advice comes to mind during Tuesday's market selloff: "Be fearful when others are greedy, and greedy when others are fearful." Of course, the problem with such sentiments is that it's empirically impossible to determine which stocks to buy when they're supposedly on a discount. Drilling into the details, though, tech juggernaut Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) makes a compelling case for itself.
On a year-to-date basis, Class C GOOG stock hasn't been the strongest performer, gaining around 6%. However, like other publicly traded innovators, GOOG (along with Class A GOOGL) has popped dramatically higher since the April lows. It has marched convincingly higher until recently, when forward momentum appeared to wane. On Tuesday early afternoon, the security was down more than 1%.
