Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, November 1, 2019

Article Excerpt

ALPHABET INC., Nasdaq symbols GOOG (class C non-voting), $1,273.74, and GOOGL (class A voting), $1,272.25, is a buy. Alphabet is the holding company for Google’s Internet search business and its smaller, riskier operations. Its investors also tap emerging markets through the company’s smaller businesses—what it calls its “Other Bets.” They sell home thermostats and self-driving car technology, among other tech products. Google will now buy Fitbit Inc. (New York symbol FIT). That firm makes smartwatches and other wearable devices that track users’ fitness, including steps taken and hours slept. They can also measure blood pressure and glucose levels. The purchase, which comes with 27 million Fitbit users, will help accelerate the spread of Google’s new wearable operating system software (called Wear OS). Google will pay $7.35 a share for Fitbit, for a total of $2.1 billion. Fitbit’s shares are trading at $7.14 a share, which indicates that its investors do not expect a higher offer. If Fitbit shareholders and regulators approve, Google expects to…

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