|Bid||5.58 x 900|
|Ask||5.59 x 4000|
|Day's Range||5.38 - 5.62|
|52 Week Range||4.51 - 7.79|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.35|
Healthcare is undergoing a digital revolution aided by growth in wearables and virtual reality. Here are four stocks that are cashing in on the trend.
This appears to be the Fitbit Charge 3 and, if it is, several big changes are in the works for Fitbit's premier fitness tracker band. The leak comes from Android Authority which points to the changes. First, the device has a full touchscreen rather than a clunky quasi-touchscreen like the Charge 2.
Like many technology-based initial public offerings, Arlo Technologies (NYSE:ARLO) experienced tremendous enthusiasm out of the gate. An offshoot from NetGear (NASDAQ:NTGR), Arlo specializes in remote-controlled home-security cameras. On August 3, starting from an IPO price of $16, ARLO stock closed its first day at $22.10, or a 38% increase.
Smartphone companies are feeling the heat of the market slowdown. Apple sold fewer iPhones than expected in the second quarter, while Samsung’s (SSNLF) mobile operating profit fell 34% in the same period as flagship Galaxy S9 sales disappointed. At Sony (SNE), smartphone unit sales fell by almost half from a year ago in the quarter.
GoPro (GPRO) is planning to launch three new cheaper cameras for the holiday season, which is usually its strongest period of the year. The company has been selling a low-priced camera model since early this year, and it hasn’t seen cheaper cameras turn customers away from its premium products, so it’s confident in releasing these lower-cost cameras. GoPro CEO Nicholas Woodman has said that there is strong demand for GoPro products at the right price.
Apple and Fitbit are both carving out their stories in consumer hardware, but the last week could hardly have been more different for them.
In this daily bar chart of FIT, below, we see a pattern of trading that reminds me of my last EKG. The daily On-Balance-Volume (OBV) was neutral from last August to the end of May. The OBV line turned strong in June but has weakened since then - no stamina. In this weekly bar chart of FIT, below, we see a resting market as prices stay near the $5 level.
The US government is considering imposing tariffs on an additional $200 billion worth of Chinese imports in an escalating trade conflict between the world’s two leading economies. China is also planning retaliatory tariffs on $60 billion worth of goods imported from the United States. It turns out that Fitbit (FIT) could be among the casualties if the United States makes good on its threat to target an additional $200 billion worth of Chinese imports.
The bullish case for Fitbit's stock was based on the belief that a large and loyal user base would continuously buy newer and more expensive fitness trackers and watches over time, Cramer said during his daily "Mad Money" show Wednesday. This thesis has not played out, as many Fitbit users made it clear they don't need to upgrade their devices as often as the Street expected, Cramer said. Thirty-seven percent of all new Sonos product registrations in 2017 came from existing users, Cramer said.
Index (PMI) data, output in the Consumer Goods sector is rising. 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.
Jim Cramer has his doubts about Sonos' IPO after being burned by the similarly structured Fitbit.
Apple (AAPL) bundles sales of products such as headphones, smart speakers, smartwatches, and other accessories into a category it reports as Other Products. They’re generally products whose sales are insignificant individually. The Other Products category is emerging as a major source of inspiration, particularly in the face of weak iPhone shipments.
Quite often, Wall Street focuses on the proverbial trees and ignores the forest. The Street seems fixated on worries about Fitbit’s (NYSE: FIT) conservative full-year guidance, gross margins, and European sales. Also being ignored by Wall Street are the many bright spots within the company’s Q2 results.
Apple’s (AAPL) Other Products segment generated revenue of $3.74 billion in fiscal Q3 2018, a rise of 37% YoY (year-over-year) from $2.73 billion. Other Products include wearable products such as the Apple Watch and AirPods as well as Apple TV, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on July 9. Index (PMI) data, output in the Consumer Goods sector is rising.
Our mission is to assist consumers with their health outcomes by putting them in control of their data, says Steve Morley, vice-president and GM, APAC at Fitbit.