60.18 0.00 (0.00%)
After hours: 4:56PM EST
|Bid||60.00 x 800|
|Ask||60.39 x 900|
|Day's Range||59.63 - 60.43|
|52 Week Range||47.72 - 84.37|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||15.77|
|Earnings Date||Feb 27, 2019|
|Forward Dividend & Yield||1.80 (3.02%)|
|1y Target Est||70.16|
If you want to help improve the security of smart home devices, you might want to start by shaming the retailers who sell the least secure gadgets.
Apple's new retail store leader, Deirdre O’Brien, has some work to do, suggests former long-time store chief Ron Johnson.
The retailer, which has operated an e-waste recycling program for a decade and cut its carbon emissions by half over the same period, was No. 3 on last year's ranking.
The world's largest retailer began bolstering its partnerships with third-party courier firms to reach consumers in 100 U.S. cities last year, after failing to use Uber and Lyft to deliver groceries, and struggling in its attempt to use its own employees to deliver goods. Deliv, which was one of Walmart's earliest partners with pilot programs in Miami and San Jose, served the retailer with a 90-day termination notice, and the two companies stopped working with each other in late January, according to two people familiar with the situation. Walmart confirmed the previously unreported decision, and said it still partners with seven delivery firms, including DoorDash and Postmates, four of which it signed up in January.
Shares of Fitbit (NASDAQ:FIT) are off to a red-hot start in the New Year, with Fitbit stock up more than 35% year-to-date, and we aren't even halfway through February. The big rally can be attributed to a growing feeling on Wall Street that Fitbit's new Versa smartwatch led the wearables company to a strong holiday period. As such, investors have been bidding up Fitbit stock in anticipation of strong fourth-quarter numbers.But, Fitbit stock has come too far, too fast, and is due for a pullback soon.To be sure, Q4 numbers should be really good. There's an increasing amount of data which suggests that Fitbit did have a strong holiday period, led by strong smartwatch sales. That further supports the long-term bull thesis that the worst is over for this company.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Dividend Stocks to Buy for the Next 10 Months But, optimism regarding that long-term bull thesis is already fully priced into Fitbit stock. At nearly $7, near- to medium-term upside looks fundamentally limited. But the risk for downside is quite large, both from a technical and fundamental perspective.As such, Fitbit stock is best avoided here. The next big move in the stock will likely be lower. Strong Holiday Numbers In StoreThe 30%+ year-to-date rally in Fitbit stock can be attributed to bullish sentiment regarding Fitbit's holiday period.That bullish sentiment is warranted. According to Google Trends, it does appear that both domestic and global search interest related to the Fitbit brand bounced back this holiday season, after several years of fading interest. Also, it appears this strength was driven by interest in Fitbit's newest smartwatch, Versa. Web-traffic trends are likewise favorable. Also, on Walmart (NYSE:WMT), Target (NYSE:TGT), Amazon (NASDAQ:AMZN), and Best Buy's (NASDAQ:BBY) online bestselling smartwatches lists, Fitbit holds its own against industry heavyweights like Apple (NASDAQ:AAPL), Fossil (NASDAQ:FOSL), and Samsung.In other words, it does seem like Fitbit had a really good holiday period, led by robust smartwatch strength.That's a big deal. The whole Fitbit turnaround is predicated on this company pivoting from dying basic activity tracker company, to growing smartwatch company. This turnaround appears to have taken hold in late 2018. As such, the worst does appear to be in the rearview mirror. From here forward, revenue growth should return to positive territory, gross margins should stabilize, and the opex rate should fall. All together, profitability looks likely within the next several years.Overall, it looks like Fitbit had a really strong holiday quarter, and that gives firepower to the bull thesis that things will only get better from here. Theoretically, that thesis should drive Fitbit stock higher. But, it already has, and further upside looks limited, even if the bull thesis plays out as planned. Good News Is Priced InAs always, things come back to valuation. With respect to Fitbit stock, the valuation simply does not make sense with the stock price around closing in on $7.Long-term fundamentals don't support Fitbit stock at those levels just yet. In a best-case scenario, revenues bottom at $1.5 billion this year, and proceed to grow by ~10% per year over the subsequent five years due to smartwatch growth and data partnerships. Also in a best case scenario, gross margins stabilize around 40%, and operating expenses stay around $800 million even amid increasing revenues.All together, that leads me to believe that a best-case outcome for Fitbit is $0.50 in EPS by fiscal 2023. Based on competitor Garmin's (NYSE:GRMN) average forward P/E multiple of 18, that equates that a fiscal 2022 price target for Fitbit stock of $9. Discounted back by 10% per year, that equates to a fiscal 2019 price target of just under $7.That's where Fitbit stock trades today. As such, fundamentals imply zero upside into the end of 2019.Also, the technicals look stretched here. Fitbit stock is up 45% since Christmas Eve 2018. That huge rally has pushed the stock's Relative Strength Index into overbought territory. It has also pushed the stock nearly 20% above its 50-day moving average. Meanwhile, if you look at the stock chart over the past year, this rally looks more like a cyclical upturn before a cyclical downturn, than a breakout in the stock. * 7 Breakout Stocks In Early 2019 Bottom Line on FIT StockThe underlying narrative and fundamentals supporting Fitbit stock are improving thanks to a successful smartwatch pivot. But, those improvements are more than fully priced in at current levels and with the stock up more than 30% year-to-date. Consequently, the next big move in Fitbit stock will likely be lower.As of this writing, Luke Lango was long TGT, AMZN, BBY, AAPL, and FOSL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Fundamentally Sound Dividend Stocks to Buy * 5 Reasons Reeling FAANG Stocks Won't Deliver Big Returns * 3 Reasons Canopy Growth Could Burn You Compare Brokers The post Why the Rally in Fitbit Stock May Be on Its Last Legs appeared first on InvestorPlace.
This weekend's Barron's cover story reveals the latest ranking of the most sustainable U.S. companies. Other featured articles discuss whether a new wave of financial mergers is coming and stocks that ...
Best Buy Co Inc NYSE:BBYView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low and declining Bearish sentimentShort interest | PositiveShort interest is low for BBY with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on January 15. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding BBY totaled $18.21 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. BBY credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Learn about companies that Amazon competes with — including Google, Alibaba Group, Walmart and Target — in each of its different revenue segments.
An two-month investigation from Kare 11 found that, if a customer has his or her location services turned on, Target's app can charge a higher price on certain items to shoppers that are already near a store. Far-away shoppers can be charged less for a certain item, providing them an extra incentive to shop.
Want to help shape the future of investing tools? Participate in a short research study and receive a subscription valued at $60. Today we'll evaluate Best Buy Co., Inc. (NYSE:BBY) Read More...
Sunday is the big day, Super Bowl LIII. When the Patriots and Rams duke it out for football supremacy, a massive audience is going to be watching the game from home. If you're planning a party, there is still time to snag some Super Bowl deals on a big-screen TV or room-shaking audio system -- the key components to making it feel as though you are actually at the game (no offence to the snacks, those are also important). * 7 Stocks With Too Much Riding On China Many retailers are running Super Bowl sales, but those can change day to day, especially as the weekend approaches. So we've put together a list of 10 Super Bowl deals on TVs and sound systems, direct from the manufacturers. You may also be able to find these promotional prices in stores. These 10 deals can save you big money. Money that could be redirected towards that snack budget… InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: LG ### Super Bowl Deals on TVs and Sound Systems: LG OLED65B8PUA 65-inch 4K HDR Smart OLED TV w/ AI ThinQ LG is the leader when it comes to OLED TVs and the company is offering some serious Super Bowl TV deals. The sale ends February 2. The LG OLED65B8PUA is a highly rated premium OLED TV -- in fact, it was named the "Best TV Overall" by Consumer Reports in 2018. It offers 4K resolution, a 65-inch panel, bright colors and support for virtually any high dynamic range standard you care to pick, including Dolby Vision HDR, and HDR10. It also delivers Dolby Atmos sound. Built-in Google Assistant answers questions like what time the game starts, and can be used to control smart home devices by voice right from the TV remote. LG has marked down the 65-inch model from $3299.999 to $2299.99 during this promotion, making it an exceptional buy. Source: LG ### Super Bowl Deals on TVs and Sound Systems: LG 86UK6570PUB 86-inch 4K HDR Smart TV LG may be best known for its OLED TVs, but it makes some pretty nice LED models as well. And the company has a great option on sale right now for those who want to really go big for the Super Bowl. * 5 Dividend Stocks to Help You Through the Market's Mayhem The 86UK6570PUB is a 4K HDR smart TV with a massive 86-inch screen. That's virtually big enough to qualify as a wall. And right now the discount matches the screen size: with this Super Bowl deal you can spend $2,499.99 instead of $4,499.99! That's $2k in your pocket, which really helps to justify buying a new TV to watch the Super Bowl on. Source: Sonos ### Super Bowl Deals on TVs and Sound Systems: SONOS Playbar SONOS (NASDAQ:SONO) has put its popular, wireless home theater sound systems on sale just in time to add it to our list of Super Bowl deals. The SONOS Playbar, is a popular pick, especially marked down to $599. It offers cinematic sound and enhanced speech (perfect for picking up colorful on-field comments), packing nine drivers in a unit that eliminates speaker cables. It can be placed on a cabinet, or easily wall mounted. Connect an Amazon (NASDAQ:AMZN) Echo smart speaker and you can control the SONOS Playbar by voice. And if you decide you want to upgrade to 5.1 surround sound, you can add a pair of SONOS wireless speakers and a SONOS wireless subwoofer at any time. Source: Amazon ### Super Bowl Deals on TVs and Sound Systems: Amazon Fire TV Recast Speaking of Amazon, the company currently has a Super Bowl deal on its Fire TV Recast over-the-air DVR, at $189.99 with 500GB of storage. This is a great option if you live in a city where HD television broadcasts are available. * 5 Industrial Stocks to Buy Connect the Fire TV recast to an antenna, and you can beam the big game live to a Fire TV, Echo Show or mobile device. If you work on Super Bowl Sunday, the Fire TV Recast lets you record the broadcast over the air. You can then watch the big game at your leisure. Unlike cable company DVRs, there's no monthly rental to pay on Amazon's, so if you live in a city where over-the-air HD television is available, it's a pretty good deal. Source: Amazon ### Super Bowl Deals on TVs and Sound Systems: Insignia 55-inch 4K Ultra HD Smart LED TV with HDR -- Fire TV Edition If you're looking for a new TV on a budget, Amazon has an option worth considering in the Insignia 55-inch 4K Ultra HD Smart LED TV with HDR -- Fire TV Edition, and it's on sale. Insignia isn't the best known TV brand, but the company partnered with Amazon and Best Buy (NYSE:BBY) for a series of televisions that have Amazon's Fire TV streaming functionality built-in. This model has a 55-inch 4K UHD panel, HDR support, an Alexa voice remote and Wi-Fi connectivity. At $450 it was already affordably priced, but Amazon currently has it down to $379.99, which is definitely in bargain territory. Source: Samsung ### Super Bowl Deals on TVs and Sound Systems: Samsung 65-inch Q6FN QLED Smart 4K UHD TV Samsung is offering discounts of up to 30% off its TVs if you buy before the Super Bowl. The company is really pushing its QLED TVs -- quantum dot panels that promise to deliver color and black levels that compete with OLED -- while guaranteeing no risk of screen burn-in. The 65-inch Q6FN QLED Smart 4K UHD TV would be a great choice for viewing a football game. It's big, bright, has 4K resolution and HDR support. Samsung's Motion Rate 240 feature ensures no blur, making this TV perfect for watching sports. * 3 Reasons NOT to Invest in Lithium Stocks During this sale, Samsung is knocking $700 of the price tag, making it $1499.99, and if you also buy a Samsung soundbar you can save an additional $200. Source: Samsung ### Super Bowl Deals on TVs and Sound Systems: Samsung Q7CN QLED Curved Smart 4K UHD TV Not everyone has a bunch of people crowded in their rec room to watch the football game. Some people are going to be watching it by themselves. That has advantages, like not having to worry about people double-dipping in the salsa, or having to listen to arguments about whether Brady is the GOAT or not. A curved TV is a great choice for solo viewing. These sets aren't the best when people are scattered throughout a room, but for one person sitting front and center, the curve makes for an exceptionally immersive viewing experience. Samsung has its 55-inch Q7CN QLED Curved Smart 4K UHD TV (with a quantum dot panel) on sale for $1399.99 -- $600 off the regular price. Source: Vizio ### Super Bowl Deals on TVs and Sound Systems: VIZIO P-Series Quantum 65"Class 4K HDR Smart TV American TV manufacturer VIZIO has some great Super Bowl deals, including the P-Series Quantum 65"Class 4K HDR Smart TV at $1599, which is $500 off. This high end television uses quantum dot technology along with 192 local dimming zones to achieve spectacular colors and deep blacks that rival OLED. I saw this set side-by-side with a popular OLED TV when it first launched and to tell the truth, I preferred the brilliant color output of the Vizio P-Series. At 2000 nits, it's also incredibly bright. * 7 Stocks With Too Much Riding On China Of course it includes the expected features like 4K resolution and Dolby Vision HDR. The "smart" part is VIZIO's SmartCast OS, with built-in Google Chromecast, and support for voice control via Alexa and Google Assistant devices. Source: Vizio ### Super Bowl Deals on TVs and Sound Systems: VIZIO 36″ 5.1.2 Home Theater Sound System with Dolby Atmos To enjoy the big game properly, you need big sound. VIZIO has been making a name for itself with some of the most compelling sound bar-based home theater audio systems in the business. The VIZIO 36″ 5.1.2 Home Theater Sound System with Dolby Atmos is discounted by $100 to $399.99 just in time for the Super Bowl. The heart of the system is a 36-inch sound bar with speakers that fire ahead and upward. Add two satellites and the wireless subwoofer and the room will be shaking for every touchdown. Source: TCL ### Super Bowl Deals on TVs and Sound Systems: 65-inch TCL 6-Series 4K Dolby Vision Roku Smart TV The final TV on this list isn't actually on sale. But when you can offer an award-winning, high performance, 65-inch 4K HDR TV for under $1,000 then you probably don't need to use sale prices to move units. * 5 Stocks to Buy for Trump's Wall -- No Matter Form It Takes! China's TCL is the fastest growing TV brand in the U.S. The company has been shaking things up by offering the latest technology -- including 4K resolution, Dolby Vision HDR and voice control remotes -- at bargain prices. This TCL 6-Series TV has a 65-inch LED panel, integrated Roku (NASDAQ:ROKU) smart streaming functionality and at $999.99 there's little wonder it's so popular. As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Machine-Learning Stocks to Buy for a Smarter Portfolio * 10 Stocks to Sell in February * 10 Triple-A Stocks to Buy in February Compare Brokers The post 10 Super Bowl Deals to Upgrade Your Big Game Experience appeared first on InvestorPlace.
Target added Apple Pay into its mobile app since 2014, but never offered customers the option to use Apple Pay at its in-store checkout lines. The Minneapolis-based retailer will now also accept Google Pay, Samsung Pay and contactless cards from Mastercard, Visa, American Express and Discover.