Markets

Podcast: Alphabet's 20% Revenue Growth Rate and Two Other Numbers You Need to Know

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Tibor Kárpáti

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

Over the holidays, Numbers By Barron's is going to take a look at the future-both short-term and long-term. Today we look at three of Barron's top stock picks for 2019 :

-over a current base of more than $100 billion in annual sales.

For the second year in a row, Alphabet is one of Barron's 10 favorite stocks for the coming 12 months. That's because it remains a great growth story powered by a dominant and lucrative search-advertising platform. Waymo and Alphabet's Other Bets will begin to pay off soon.

And the stock looks reasonably priced at 23 times next year's projected earnings.

Bank of America

Concerns about the economy and financial markets have caused a major selloff in big banks this quarter.

But Bank of America boasts a successful consumer banking franchise and wealth management business, and has a strong management team. It can increase earnings even if economic growth slows and markets remain rocky.

And Warren Buffett is a believer. Berkshire Hathaway owns about $22 billion of Bank of America stock.

Chevron

Despite an almost 40% drop in crude- oil prices this quarter, the energy company plans to maintain its payout next year.

Chevron has a solid balance sheet and an attractive asset base around the world. It recently finished new liquefied natural-gas facilities in Australia, and has a strong position in the Southwest's Permian Basin.

That sets it up for a profitable year even if oil continues to fall. Any rebound in oil prices could boost shares higher.

Numbers by Barron's is a new daily podcast. Find out morehere.

This episode was hosted by Nick Jasinski.

Write to Nick Jasinski at nicholas.jasinski@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.


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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