Motley Fool columnist James Brumley names Pfizer and Alphabet as two bargain stocks for long-term investors this November. Pfizer expects about $63 billion in revenue this year, well below 2022's $100 billion. Its shares sit about 50% below their late-2021 level. Priced at 10 times next year's expected earnings of $2.94 per share, the stock yields 6%. The company aims to launch at least eight blockbuster cancer drugs by 2030. Alphabet trades at under 20 times expected earnings of about $15.00 per share after a weak third quarter. Revenue rose nearly 25% to $127.6 billion, but earnings of $2.67 per share missed estimates of $3.02. Most analysts still rate it a strong buy, with a $392.08 target.

Rising bond yields, driven by expectations of more Federal Reserve rate hikes, are pressuring highly valued stocks. Simply Wall St says that shifts attention to companies with solid cash flows and discounted prices, and it names three: Crocs, Lockheed Martin, and Alphabet. Crocs is expanding beyond its classic clog into sandals, which are expected to approach $0.5 billion in 2026 revenue, along with new lines such as Ballet Flat and Mellow. Lockheed Martin is moving munitions programmes onto seven-year framework agreements that aim to triple or quadruple production. Alphabet's Google Services earned about $376.3 billion in revenue, Google Cloud about $93.2 billion, and Other Bets about $1.5 billion. Its market value is roughly $3.6 trillion, though heavy AI spending could strain future cash flows.

Google Cloud will let select customers run its custom AI chips in their own data centres. On November 9, it announced two new tensor processing units (TPUs), including the TPU 8tx, which is built for regulated firms and governments handling sensitive data. Until now, customers could only rent TPUs in Google's cloud. Almost 100 customers use the chips. Alphabet began booking revenue on TPU system sales in the second quarter, but expects most of it in 2027. Google Cloud's third-quarter revenue more than doubled to $30.7 billion, and its backlog reached $561 billion. Alphabet pays for hardware before customers do: inventory rose to $13.3 billion, and free cash flow was negative $9.1 billion.