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In this video tutorial, Paul Yura Jr. demonstrates how to create a stock alert to be notified when a stock hits a specific price. He highlights the lack of this feature on many investment platforms and emphasizes that the process is simple and straightforward. He uses investing.com as the platform to set up the alert, which can be accessed through a web browser or on Android and iPhone devices. The focus is on setting up alerts for specific stocks at specific prices without getting into complicated strategies.