Podcast: 30% Potential Upside for Alphabet, and Two Other Numbers You Need to Know

Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Apple Podcast, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker

Three numbers to start your day:

t earnings

That includes the most recen t quarterly report from last week in which Amazon also beat sales estimates.

That should have been good for the company’s stock. But on Friday Amazon’s stock declined.

The problem? Company management forecast lighter-than-expected sales for the current quarter. Note that Amazon, while good at beating earnings expectations, doesn’t have as great a track record of beating sales expectations.

-because central banks have been buying up more gold than they have in the past five decades, according to the World Gold Council.

Russia’s central bank was leading the charge, selling U.S. Treasuries to buy some 274 tons of the precious metal. Turkey was No.2 followed by Kazakhstan.

Gold prices have been flat for the last five years due in part to oversupply. If global growth shows improvement, gold could shine again, so says DataTrek Research.

-in the third quarter.

And one analyst expects net ad sales to rise by double-digits in its latest quarter ended December.

That’s one reason why he has an Overweight rating on the stock and a price target of $1,430. That implies roughly 30% upside from Alphabet’s stock price as of Friday afternoon.

Alphabet is expected to report fourth-quarter earnings after the markets close.

Numbers by Barron’s is a new daily podcast. Find out more here.

This episode was hosted by Crystal Kim.

Write to Crystal Kim at crystal.kim@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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