FIT - For Alphabet Just OK Is Never Enough
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) is a powerhouse in the tech world, but even the strongest companies can have an off period. As announced this week, it missed its earnings forecast for the third quarter, and while it generally hit its guidance on other metrics, the market took a little bite out of its share price in response.
In this segment of the Oct. 29th MarketFoolery podcast, host Chris Hill and MFAM Funds' Bill Barker discuss the company's growth, its outlook, and the wider reasons why the market was unimpressed. But for those looking ahead rather than behind, they also dig into Alphabet's as-yet-unconfirmed plans to make a bid for Fitbit (NYSE: FIT).
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