Key Points Alphabet's second-quarter revenue rose 24% year over year, up from 14% growth in the year-ago quarter. Surging capital spending swung free cash flow to a negative $5.9 billion in the second quarter. After a four-month slide, the stock's forward price-to-earnings ratio has dropped to about 22. 10 stocks we like better than Alphabet › Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) entered September with an unusual streak behind it: May, June, July, and August each closed lower than the month before, the stock's longest run of monthly declines since 2015. Shares trade around $337 as of this writing, and they sit about 18% below the 52-week high of $408.61 they set in mid-May. Even after the decline, the Google parent is worth about $4.1 trillion.
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