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breaking news…Fitbit acquired by GOOGLE


hey all people blissful Friday and welcome again to the channel I hope you had a terrific Halloween now let's dive into enterprise right here are you able to title three firms that alphabet owns soar down within the remark part actual fast present me your expertise however no googling okay so I requested myself this query this morning and I couldn't reply it I might solely provide you with the names of two firms that alpha bonds so in at the moment's episode I'm gonna provide the newest addition to the alphabet household that was simply introduced this morning in addition to break down the complete household tree of alphabet right here we go so Google's mum or dad firm alphabet is buying the well being monitoring firm Fitbit ticker image fi T intelligent for 21 billion {dollars} now this deal goes to pay out about 7

30 5 cents per share for fitbit inventory which occurred to be buying and selling at about six {dollars} and 16 cents per share this morning within the pre market actions now let's rapidly soar to the charts and let's check out the value motion associated to this announcement this morning okay I've acquired Fitbit proper right here up on the charts on the day by day timeframe ticker image fi t over right here and you’ll see we've acquired the previous rocket simply popping off the highest right here so what I need to do actual fast is simply zoom out so you’ll be able to see Fitbit and the way dangerous issues have been since its highs of 51 90 again in August of 2015 so an IPO up after which it's simply been on this falling insanity ever since with a bit of blip in right here in June of 2018 after which it continued to simply roll on downhill so it's been struggling as you’ll be able to see on all these earnings bulletins down right here lots of them are unfavourable that they weren't making any cash so we've tracked all the best way out after which we began to get some talks about Google about alphabet and the way alphabet who’s the mum or dad firm to Google was seeking to purchase Fitbit so when that was introduced this morning the information broke and as you’ll be able to see anybody holding Fitbit shares might be actually excited proper now as a result of we're presently buying and selling at 714 a share we have been at a highest 726 a share this morning and now you is perhaps asking your self properly now could be Fitbit a Purchase ought to I purchase Fitbit is that this going to be an enormous factor with alphabet gobbling it up and I believe the reply altom Utley is sure it’s a massive deal for Fitbit and we'll get into that a bit of extra right here in a minute however I needed to simply present you that you recognize as soon as we get that pop and we're up right here now if we get in now we’d simply be chasing that is overextended now we now have to attend for a pullback if we take a look at the MACD you’ll be able to see we're actually inexperienced on the upside we have to get that enlargement to the draw back earlier than we revert to the imply and head again to the north facet so what I'm gonna be ready for on this to be watching Fitbit is I need to see Fitbit come settle again down and conveniently sufficient we've acquired this inexperienced line right here which is the 200 easy transferring common we've acquired the blue line which is the 20 easy transferring common after which as you all know the purple one is the 50 easy transferring common now as you’ll be able to see with this worth exercise pushing up and the following few days being up right here these strains are going to all sort of converge and I'm gonna be searching for VIPs for Fitbit to drop again down into that $5 space if we get again in that 5 550 space that's gonna be actually interesting for my part to begin gobbling up a number of shares as a result of that is big information alphabet they’ve capital they’ll infuse Fitbit with the cash they should make all their desires come true so I believe that this may very well be a really attention-grabbing purchase going ahead being that Fitbit doesn't have debt and we'll speak about that a bit of later as properly however it is a excellent signal for Fitbit and its shareholders and the opposite very attention-grabbing factor is on November sixth we're gonna get earnings so we're gonna see what occurs right here what their earnings are we'll see what that does to this worth motion after which we'll make choices transferring ahead from there however proper now I'm actually enthusiastic about what's taking place with Fitbit with this acquisition now if we flip over actual fast and we take a look at alphabet and I'm gonna activate the pre-market hours as properly so this brought about a niche up in alphabet as properly however then you’ll be able to see after it topped out round 12 70s 12 71 it's then type of bought again off so not as big in impact clearly on alphabet which is fairly typical the corporate that does the buying doesn't sometimes get the most important enhance it's often the corporate that's being devoured up there it will get the run up in worth as a result of they declare a purchase order worth per share for the corporate which on this case is over $7 per share for Fitbit so we'll regulate this and we're gonna be searching for a pullback right into a help space alongside these transferring averages earlier than going increased so with that permit's soar again in let's speak some extra information so alphabet has struggled to achieve a lot traction within the rising wearables market and this acquisition will give it a major leg up to not point out the extra sources of alphabet will assist bolster fitbit's growth and manufacturing of fantastic wearables now Google was one of many first big-name gamers to leap into the SmartWatch house with its Android put on working system and since this time they've rebranded this wearable system to put on OS however market shares been very very small up to now now customers of wear and tear OS noticed its world share of the SmartWatch market fall whereas Fitbit get this noticed its share rise from 37 % in q1 of 2018 to 55 % in q1 of 2019 now one factor lots of people don't notice is Fitbit has been steadily pushing into the software program market and has inked some thrilling offers with insurance coverage suppliers to assist subscribers enhance their well being and just lately introduced a partnership with bristol-myers Squibb and Pfizer to develop applied sciences to detect atrial fibrillation which is a coronary heart situation inside its customers in August Fitbit debuted its Fitbit premium service what number of occasions can I say Fitbit in August Fitbit debuted its Fitbit premium subscription service and I'm apologizing for saying Fitbit so many occasions on this video which offers subscribers with custom-made health and well being guides primarily based on their targets that is all accessible for about $999 monthly or 70 999 for a full 12 months and Fitbit premium is being positioned as a key differentiator for the corporate in comparison with you-know-who Apple which doesn't provide such a customized service so now let's rapidly speak about alphabet and dissect the household tree so you have got a greater understanding of what alphabet owns what falls beneath it and you’ll examine your solutions to the query I requested within the intro so let's check out this graphic right here so what you see right here is the household tree for alphabet transferring from left to proper you’ll be able to see alphabet owns calla cult nest which is the house sensible options for adjusting temperature together with your smartphone you have got Sidewalk GV we now have X which is secretive moonshots jigsaw verily deep thoughts which is their AI analysis manner mo self-driving automobiles then they’ve a capital part and entry and power now and which and beneath entry and power it's attention-grabbing you see Google Fiber there which is wild now beneath alphabet should you look proper in the midst of your graphic you'll see there's Google now Google is beneath alphabet however Google has its personal tier of items that fall beneath if it ranging from the left it's acquired Google Adverts it's acquired the Google Cloud YouTube the place we’re proper now they personal Android Google oversees Android which lots of people don't notice then they’ve {hardware} resembling pixel and chromecast after which they’ve an infrastructure piece beneath of googles so that is the complete household tree which is basically actually massive for alphabet however should you consider it in as in two tiers alphabet being the primary participant after which Google being a subsidiary or a smaller second tier beneath that has items beneath it it's sort of simpler to maintain monitor of it in your head so that is the complete structure for alphabet now what I need to additionally soar into is I need to go into the TD Ameritrade platform right here and I introduced Fitbit up ticker fi T and I simply need to present you a few issues concerning the elementary which have me excited as properly on Fitbit there's Fitbit another time for you if we go to fundamentals and we pop over right here to the stability sheet one factor that's very attention-grabbing to me is you’ll be able to see their money and short-term investments from 2014 and that is in tens of millions 196 million it jumped to 664 and 2015 then we bumped to 706 and 2016 679 and 2017 and 723 and 2018 so that is the very best degree of money and short-term investments that Fitbit has ever had and this was as of the tip of 2018 in order that's very bullish for my part particularly with the acquisition with alphabet selecting them up after which if we come down right here and we glance down on the liabilities I at all times like and also you guys know I at all times prefer to go to whole debt I prefer to see what's occurring and you’ll see again in 2014 148 million in debt however then transferring ahead they eradicated all of their debt and now they’ve a debt degree of zero in order that makes me very excited for Fitbit as a result of there's sort of beginning in a clear spot that they had a reasonably good stability sheet to begin off and now they're being purchased by alphabet who's gonna be infusing money into their system which is gonna make issues all the higher for Fitbit and their growth now if I flip over to the quarter that was annual if I’m going to the quarter and we take a look at their debt you’ll be able to see proper right here for the quarter – of 2019 that they held from quarter one two million {dollars} of debt but when we come up right here and we check out their money and short-term investments quarter-over-quarter you’ll be able to see they're holding a large amount of money and short-term investments relative to their debt so 565 million in money short-term investments you can name it 300 300 and thirty 5 million in money and two million in debt this previous quarter which was carried over from quarter one so excellent on the stability sheet which has me very enthusiastic about this complete state of affairs for Fitbit so drop down within the feedback beneath let me know what you consider this let me know if Fitbit is attention-grabbing to you for a protracted place anytime quickly and why would you purchase it and at what worth degree would you take into account leaping in have a terrific weekend everybody hope you have been inexperienced at the moment and we'll see you subsequent week [Music]

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