FIT - Fitbit, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
5.56
+0.06 (+1.09%)
As of 10:50AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close 5.50
Open 5.50
Bid 5.55 x 4000
Ask 5.56 x 800
Day's Range 5.49 - 5.59
52 Week Range 4.23 - 7.79
Volume 512,976
Avg. Volume 4,876,085
Market Cap 1.407B
Beta (3Y Monthly) 0.68
PE Ratio (TTM) N/A
EPS (TTM) -0.76
Earnings Date May 1, 2019
Forward Dividend & Yield N/A (N/A)
Ex-Dividend Date N/A
1y Target Est 6.36
Trade prices are not sourced from all markets
  • TheStreet.com yesterday

    These 4 Stocks Are Potential Acquisition Candidates

    It's been quite a while since we've seen a double net or former double net (company trading between 1 and 2 times net current asset value or NCAV) acquired. Between 2016 and 2017, however, this was very fertile ground for takeovers, and we witnessed several, including West Marine, CDI Corp, RetailMeNot, Ingram Micro, Rofin-Sinar Technologies, Skullcandy and Steel Excel taken out. If there were any commonalities among these names beyond the fact that they traded at very low multiples of NCAV, it was that they were cheap, had lots of cash, and/or fairly strong brand names.

  • GoPro Is Making Progress, But GPRO Stock Still Doesn’t Look Cheap
    InvestorPlace 2 days ago

    GoPro Is Making Progress, But GPRO Stock Still Doesn’t Look Cheap

    Give credit where credit is due. Long-struggling GoPro (NASDAQ:GPRO) is making progress. And it's reflected in GPRO stock, which now has risen over 50% so far this year.Source: Shutterstock Of course, the problem is that GoPro stock closed 2018 only a few pennies off an all-time low. The big rally has only returned GPRO to where it traded at the beginning of November, ahead of yet another disappointing earnings report.That said, Q4 earnings -- and 2019 guidance -- were much stronger. GoPro is tracking toward profitability in 2019, if only on an adjusted basis. There is some good news here in a stock that I've long viewed with skepticism.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe question after the rally is whether that good news is already priced in. For the most part, it is. GoPro still has real questions -- and back above $6, GPRO stock simply doesn't look quite compelling enough. Case for GoPro StockAdmittedly, the outlook is brighter for GoPro. Q4 numbers were strong, with sales up over 12%, capping off a year when revenue dropped just 2.7%. Cost-cutting -- non-GAAP operating expenses dropped 17% in 2018, according to the Q4 call -- helped margins, allowing GoPro to revert to profitability on an adjusted EBITDA basis. * 7 High-Risk Stocks With Big Potential Rewards In 2019, revenue growth is expected to return, with the company guiding for a 5-8% increase in sales. And GoPro expects to move to non-GAAP net profitability, with EPS guidance of 20-40 cents. The big driver is an enormous expansion in adjusted gross margin, which is expected to rise from 32.8% in 2018 to 35-37% in 2019.That gross margin expansion, in particular, gives added reason for hope. It shows that GoPro is able to sell more cameras at higher prices and rely less on discounting to move units. GoPro has had some issues over the years overbuilding inventory, and then clearing that product through outlets like Best Buy (NYSE:BBY) at unattractive prices. At least at the moment, management doesn't expect a repeat in 2019. The Subscription BusinessThe other trend boosting margins is the company's growing subscription business. Those revenues have higher margins and are growing nicely, with paid subscriptions rising 50%+ last year.So there is a bull case here -- which truthfully hasn't always been the case. Revenue is growing, both domestically and overseas. On the Q4 call, CEO Nicholas Woodman cited improving market share figures in Europe and Asia. Both gross margin and operating margin - the latter thanks to better spending controls - should expand.And with GoPro now targeting profitability, valuation suddenly doesn't look so extreme. The midpoint of 2019 EPS guidance suggests a P/E multiple of 21x. That's not stunningly cheap, to be sure. But if GoPro is building a base for continued earnings growth, it's cheap enough. The Concerns with GPRO StockThat said, the big concern here is whether earnings growth is going to continue. Assuming the company meets 2019 guidance, operations will have improved significantly between 2017 and 2020.But what happens from there? Gross margin expansion is likely limited; CFO Brian McGee said long-term gross margin targets were 36-39%, pretty much in line with 2019 expectations. The company can't bring down opex every year without skimping on needed R&D and marketing spend. There's room for savings on interest expense if GoPro can pay its debt off a few years from now, but after-tax even that represents something like 10-12 cents in annual earnings per share. * 7 Stocks to Buy for Spring Season Growth From a growth standpoint, the easy work has been done. Post-2019 -- again, assuming guidance has been met -- GoPro simply has to grow sales. And the worry there is that the company really hasn't shown a consistent ability to do so. In fact, few hardware companies have.IP camera manufacturer Arlo Technologies (NYSE:ARLO) has plunged after its spin-off from NETGEAR (NASDAQ:NTGR). GoPro often is compared to Fitbit (NYSE:FIT), which went public around the same time, similarly soared, and then collapsed.Consumer hardware simply is a hugely difficult business. Sales depend essentially on the replacement cycle. That seems doubly true for GoPro, whose market is limited. 'Action cameras' simply have a fixed demographic. Consumers will age into that demographic -- and also age out. GPRO as a Revenue StoryBut at 20x+ earnings, with margin improvement opportunities limited, GPRO stock now becomes a revenue story. And that seems dicey. GoPro hasn't shown sales growth: 2019 revenue guidance suggests sales will be ~12% lower than they were five years earlier. Market growth is unlikely. It already has 90%+ share of Western markets, which means market share gains are limited as well.With profitability and some growth, GPRO likely can grind out some upside. A sale could drive returns - but there's no obvious acquirer, or any sign that Woodman (also the founder and controlling shareholder) is interested in being taken over. As a standalone, for real returns in GPRO stock, sales need to grow for several years to come. It's possible -- and it looks more possible now that it did a year ago or three years ago.'Possible' isn't enough to make GoPro stock compelling, however. Gains from here still requires consistent revenue growth. And for those investors who have followed the company since its IPO, consistency has been the one thing the company has never been able to provide.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post GoPro Is Making Progress, But GPRO Stock Still Doesn't Look Cheap appeared first on InvestorPlace.

  • Fitbit Versa Lite review: The basics aren't enough
    Engadget 6 days ago

    Fitbit Versa Lite review: The basics aren't enough

    I wasn't sure what to expect when Fitbit announced the Versa Lite smartwatch . It's supposed to be a pared-back iteration of last year's Versa , which itself was already a watered-down version of the company's first true smartwatch, the Ionic . For $200, the Versa was actually a pretty compelling mix of an Apple Watch-inspired design, capable fitness tracking and a robust operating system at a reasonable price. But it begs the question: How much more stripped down can you get? Apparently about $40 more. Fitbit somehow managed to squeeze $40 of tradeoffs out of the Versa to deliver the Versa Lite. It brings over most of my favorite features from the more expensive watch, but it might be too "lite" even for the first-time smartwatch buyers the company is targeting.

  • Electronics - Measuring Instruments Industry Outlook Appears Dim
    Zacks 6 days ago

    Electronics - Measuring Instruments Industry Outlook Appears Dim

    Electronics - Measuring Instruments Industry Outlook Appears Dim

  • Why Yeti Holdings Stock Has Doubled in 2019
    InvestorPlace 7 days ago

    Why Yeti Holdings Stock Has Doubled in 2019

    Yeti Holdings (NYSE:YETI) has been one of the best stocks of 2019. Already this year, Yeti Holdings stock has risen 113%. Among over 1,800 stocks with a current market capitalization over $2 billion, the performance of YETI stock ranks fourth.Only three biotechs have done better. The performance of Snap Inc (NYSE:SNAP) this year trails that of YETI stock by a tiny amount.Source: Goal Zero There are two primary reasons for the big gains of Yeti Holdings stock. The first is that, in retrospect, YETI stock simply was too cheap at the end of 2018. The company went public in October - after pulling a planned IPO earlier last year - which proved to be tough timing for a growth stock. Market-wide worries led YETI down as low as $12.40 in December.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Wonderful REITs to Buy Today Secondly, Yeti has continued to grow nicely. Its fourth-quarter earnings, reported in February, beat expectations, leading Yeti Holdings stock higher. The company's 2019 adjusted earnings per share guidance of $0.99-$1.04 suggests that investors could have owned YETI in December for roughly 12 times its expected 2019 EPS. That multiple is far too conservative for a growth stock.With YETI stock now up over 150% from those lows, however, the question is whether investors are pricing in too much growth. Sales of the company's coolers are slowing, while its margins might be nearing a ceiling. Luke Lango made a strong case for YETI stock this week, assigning a price target in the high 30s. Given the risks facing the company, however, at $31.50, YETI might need to take a breather. Why YETI Stock Has DoubledThe main worry about YETI, going back to 2016, when it first filed for an IPO, is that the consumer-products business is a tough one. The growth of high-priced niche products stall out rather quickly. Investors no doubt had in mind the travails of fallen angels like GoPro (NASDAQ:GPRO) and Fitbit (NYSE:FIT). IP camera maker Arlo Technologies (NYSE:ARLO), which also launched an IPO in 2018, has plunged as well.But Yeti has eased those worries with its recent performance. In Q3, its revenue rose 7% year-over-year, while its adjusted net income climbed 81%. Its revenue growth accelerated sharply in Q4, as its sales rose an impressive 19% YoY. Its strong gross margin performance - including a massive 6.9 percentage point expansion YoY in Q4 - shows that the company isn't cutting prices to drive its sales. The increase in the company's gross margins indicates that its profit can rise going forward.Indeed, the company's 2019 guidance looks solid. YETI predicts that its sales will rise another 11.5%-13% in 2019. Sales of its coolers are slowing, but drinkware products now generate the majority of its sales. And Yeti's DTC (direct-to-consumer) channel is rapidly expanding; its DTC sales increased 48% last year, while its wholesale revenue rose just 10%. Since no middlemen are involved in DTC, sales made via that channel improve the company's margins.As a result, YETI's adjusted EPS is expected to rise 18%-24% in 2019, excluding the impact of an unusually low tax rate in 2018. Double-digit-percentage revenue growth and margin expansion suggest the company's growth outlook is intact. Combined, those trends show why the valuation of YETI stock in December was such an opportunity. Is YETI Stock Too Expensive?Of course, the valuation of Yeti Holdings stock now is very different. And there's a possibility YETI may have run too far. Analysts seem to believe so: the average Street price target on YETI stock now is $30.70, below the current price of $31.56. The Street may need some time to catch up, and another strong earnings report could cause analysts to raise their targets on Yeti Holdings stock. But for now, analysts think the end of the run is nearing.And there are fundamental reasons to be cautious about the shares. Yeti's own long-term targets suggest that its adjusted EBITDA margins will be 19%-22%. The midpoint of its 2019 guidance projects those margins will reach 19.6% this year. On the bottom line, growth is likely to slow.On the top line, meanwhile, there are still worries about market saturation. Any cyclical weakness could hit demand for Yeti's higher-priced products ; that was a key reason for the decline of YETI stock back in December.The rally of Yeti Holdings stock to this point has been well-deserved. The company has performed well, and investors who spotted the opportunity late last year have been amply rewarded. From here, however, advancing might be tougher for YETI. The company will grow further, but investors clearly have caught on to the story.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Why Yeti Holdings Stock Has Doubled in 2019 appeared first on InvestorPlace.

  • Fitbit and Garmin Both Are a Solid Play in 5G Stocks
    InvestorPlace 7 days ago

    Fitbit and Garmin Both Are a Solid Play in 5G Stocks

    The advent of 5G will have a tremendous impact on wearables makers Fitbit (NYSE:FIT) and Garmin (NASDAQ:GRMN), as well as FIT stock and GRMN stock.Source: Shutterstock By enabling wearables to do so much more, and making them so much more indispensable, 5G will make wearables much more popular and valuable, boosting these companies' financials. As a result, FIT and GRMN should both be considered 5G stocks. Monitoring Health and Well-BeingIn the very near future, 5G will enable activity trackers, working together with other devices, to track movements of multiple parts of our bodies, Ian Hughes, an Internet of Things analyst at 451 Research, told Wareable. Hughes used the example of tracking the punches of boxing students. But trainers, human or robotic, could also use 5G technology in conjunction with wearables to monitor the forms and techniques of runners, swimmers, golfers, weightlifters, or just about any athlete.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Marijuana Companies: Which Pot Stocks Should You Buy? The advent of 5G will also enable wearables to more precisely monitor the physical, emotional, and mental well-being of individuals, Bloomberg reported recently.That will enable some obvious real-time applications, like monitoring people who are at high risk of every illness from schizophrenia to heart attacks to sleep apnea to strokes. But some less obvious uses, such as monitoring of employees by employers, could also proliferate.Bloomberg noted that, "In Singapore, for example, cognitive and behavioral science startup Cognifyx has recently teamed up with ride-hailing service Grab to test drivers for mental fatigue." Many employers will probably use wearables to monitor their employees for fatigue and/or stressAs 5G enables wearables to more effectively monitor people's health and well-being, FIT stock and GRMN stock should rise. That's another reason why they should be considered 5G stocks. Location-Based MarketingAlso, 5G looks poised to finally bring about a long-talked-about-but-little-realized application: location-based marketing.Because of the way that 5G technology works, devices that use 5G will broadcast "which building you are in," Fast Company reported.Consequently, marketers who obtain access to mobile data, by paying telecom companies, will be able to determine where consumers are at the moment and the stores and areas they tend to visit.Using 5G technology, marketers will be able to send captivating, location-based ads to consumers' smartwatches. Of course, marketers will probably have to pay Fitbit and Garmin for the privilege of doing that, providing a boost to Fitbit stock and Garmin stock.That yet another reason to view FIT stock and GRMN stock as 5G stocks. Other FunctionsWearables connected with 5G could automatically sense where their wearers are and use that information to give instructions to other devices. For example, a smartwatch could be programmed to start a connected coffee maker as soon as its owner gets out of bed in the morning. 5G-enabled wearables could also inform self-driving cars when their owners are in front of vehicles or when they are about to cross the street.Furthermore, 5G will enable smartwatches to deliver text messages and voice services while still having the long battery lives of Fitbit's devices. Headsets Could Be a Catalyst for FIT Stock and GRMN StockAccording to Wareable:The arrival of 4K video, AR and VR means that a huge amount more video is inevitable. So if there's a single wearable device that is destined for a brighter future because of 5G, it's got to be the head-up display (HUD), which is set to be revolutionized by augmented reality.AR,VR, and 4K video, of course, can be used for many functions, from virtually trying on clothes to greatly enhancing video games to more easily recording great events.Since Fitbit and Garmin have a tremendous head start in the wearables market, and already have well-established brand names, they may be able to become leading sellers of headsets that enable VR,AR, and 4K video, making them even more attractive 5G stocks. The Bottom Line on FIT Stock and GRMN StockFIT and GRMN should both be considered 5G stocks because the proliferation of %G will make smartwatches so much more useful and valuable. Both FIT stock and GRMN stock can be further boosted by 5G if they user their strong brand names to enter the headset market.As of this writing, the author owned shares of Fitbit stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Fitbit and Garmin Both Are a Solid Play in 5G Stocks appeared first on InvestorPlace.

  • Business Wire 8 days ago

    Fitbit Schedules Q119 Financial Results for May 1, 2019

    Fitbit , the leading global wearables brand, today announced that it expects to release results for its first quarter 2019 on Wednesday, May 1, after market close. In conjunction with a press release, management will host a conference call at 5:00 p.m.

  • 4 Hyped Tech Stocks Getting Crushed
    InvestorPlace 8 days ago

    4 Hyped Tech Stocks Getting Crushed

    U.S. equities were dribbling lower on Monday in response to a tepid start to the Q1 earnings season. Goldman Sachs (NYSE:GS) kicked things off with a positive earnings surprise but no revenue growth. That obviously raised some questions about the quality of the earnings beat, which was driven by a lower tax rate and cost cutting measures.Adding to the downside pressure is some profit taking in the hot semiconductor space, a testing of technical support levels on the major large-cap indices (including 2,900 on the S&P 500) and growing impatience with a lack of a U.S.-China trade deal. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot As a result, a number of hype-reliant technology stocks are rolling over badly. Here are four to sell now:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tech Stocks to Sell: Fitbit (FIT)Fitbit (NYSE:FIT) shares fell hard on Monday, down nearly 4% in mid-day trading before closing down 2.45%. Watch for a return to the late-December lows, which would be worth a loss of more than 16% from here. The decline comes despite a recent upgrade by DA Davidson analysts.The company is expected to next report results on May 1 after the close. Analysts are looking for a loss of 22 cents per share no revenues of $259.7 million. When the company last reported on Feb. 27, earnings of 14 cents per share beat estimates by seven cents on a 0.1% rise in revenues. Tesla (TSLA)Tesla (NASDAQ:TSLA) shares were again under pressure Monday, continuing the downtrend that started in December and has resulted in a return to the lows seen back in October. The company is again at the epicenter of major drama, with CEO Elon Musk spending hours on Twitter (NYSE:TWTR) over the weekend attacking his critics and issuing more material guidance and operational information -- likely in violation of his agreement against such behavior with the SEC.The company will next report results on April 24 after the close. Analysts are looking for a loss of 59 cents per share on revenues of $5.4 billion. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? When the company last reported on Jan. 30, earnings of $1.93 per share missed estimates by nine cents on a 119.8% rise in revenues. Netflix (NFLX)Netflix (NASDAQ:NFLX) stock is falling out of a four-month consolidation range to challenge support near its 200-day moving average. A breakdown here would likely result in a test of the early January gapped rally. Shares have been under serious pressure in the wake of the unveiling of Disney's (NYSE:DIS) direct-to-consumer streaming service, Disney+, as well as the launch of Apple's (NASDAQ:AAPL) own streaming service.The company is scheduled to next report results on April 16 after the close. Analysts are looking for earnings of 57 cents per share on revenues of $4.5 billion. When the company last reported on Jan. 17 , earnings of 30 cents per share beat estimates by six cents on a 27.4% rise in revenues. Roku (ROKU)Roku (NASDAQ:ROKU) stock has fallen once more below its 50-day moving average, reversing its late-February rally and setting up a challenge of its 200-day moving average. Watch for a fall back to the late-December lows, which would be worth nearly a 50% decline from here. Shares were recently downgraded to "sell" by analysts at Citigroup, citing competitive pressures in the industry and the stock's high valuation.The company is expected to next report results on May 8 after the close. Analysts are looking for a loss of 25 cents per share on revenues of $189.7 million. * 7 AI Stocks to Watch with Strong Long-Term Narratives When the company last reported on Feb. 21, earnings of five cents per share beat estimates by 2 cents on a 46.4% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 4 Hyped Tech Stocks Getting Crushed appeared first on InvestorPlace.

  • A $300 Billion Opportunity Is Waiting for Apple
    Market Realist 8 days ago

    A $300 Billion Opportunity Is Waiting for Apple

    The Latest News from Apple: Music, China, India, and Healthcare(Continued from Prior Part)Huge potential for Apple in healthcare market In 2017, Apple (AAPL) was selected alongside Samsung (SSNLF), Fitbit (FIT), Alphabet’s (GOOGL) Verily, and

  • Fitbit Is Trading 27% Below Its 52-Week High
    Market Realist 9 days ago

    Fitbit Is Trading 27% Below Its 52-Week High

    Are These Tech Stocks Attractive after Nearing 52-Week Lows?(Continued from Prior Part)Fitbit stock Shares of consumer tech company Fitbit (FIT) have fallen 27% since the start of June 2018. Fitbit stock is currently trading 27% below its 52-week

  • Fitbit Stock Just Isn’t Worth Buying With Apple in Town
    InvestorPlace 9 days ago

    Fitbit Stock Just Isn’t Worth Buying With Apple in Town

    My biggest issue with Fitbit (NYSE:FIT) is its lack of consistency. Simply put, the fitness tracker's shares and its business fluctuates too much for my liking. I don't mind a volatile investment when the underlying business is robust, but that's not the case with Fitbit stock.Source: Shutterstock FIT is a troubling name because there are definitely positives here. It makes you want to consider owning it, but when there's a name like Apple (NASDAQ:AAPL) lurking around, pulling the trigger is tough.For instance, Apple has quickly become the number one market share player in the smartwatch category, even with its premium-priced products. That gives an opportunity for discount players like Fitbit. But at the same time, those discount players exist in the smartphone market too, and we don't want them. We want the ones that are profitable, and to be frank, there aren't many of them.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Pros for Fitbit StockThe biggest pro that stands out to me is the balance sheet. As of last quarter, Fitbit stock is carrying approximately $474 million in cash and around $249.5 million in short-term investments. This sum -- roughly $723 million -- makes up 50% of the stock's market cap while Fitbit carries zero debt. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot From a financial perspective, that's a very attractive situation. We're basically getting the entire business for about $750 million. For a company that does $1.5 billion-plus in annual sales, some will certainly find that attractive. This is a valid argument particularly if Fitbit can stay cash flow positive and erase its annual net loss. Valuing Fitbit StockAlas, those are some of the negatives too. Despite having no debt and a huge market share opportunity in the low- to mid-range smartwatch market, Fitbit stock just can't find consistent bottom-line momentum. Nor can it find cash-flow consistency.We'll look at the charts in a minute, but let's first go over the estimates. Analysts currently expect revenue to grow 2.9% this year to $1.56 billion, and another 2.9% next year. The growth is consistent, but it's not really that impressive. On the earnings front, estimates call for 15% growth in 2019 and 53% growth in 2020, both of which are impressive off those low revenue-growth estimates. The flip side is that analysts expect losses both this year (17 cents per share) and next year (8 cents per share).Over the last 12 months, the company sports free cash flow of $60 million. However, management said it expects free cash flow of -$40 million to -$70 million in fiscal 2019.Fitbit execs are trying to implement a turnaround here and we can see the rays of hope. If done correctly, FIT stock could be a huge winner. Keep in mind, doubling the stock prices gets us to "just" $11.50, so there's definitely potential here. However, investors have to realize that Fitbit is a speculative investment. As a result, I personally prefer a company with a less-lumpy trajectory and better-performing stock. Trading FIT StockSpeaking of the stock, let's look at a long-term weekly chart of Fitbit stock. It's clear that resistance is up at $7, while support is in a downtrend but present near $4.50. Both are shown in black lines, while the blue lines highlight a series of higher lows and lower highs. In other words, Fitbit stock is tightening, a coiling pattern that's been in place for almost a year now.On an even smaller time frame, investors can see that FIT stock is being supported by the 50-week moving average with resistance at $6, and to a degree, the 20-day moving average. Even on the short-term chart below, this coiling action is taking place.If shares can hurdle $6 and the 50-day moving average at $6.12, they could fill the gap north of $6.75. Below uptrend support and the March lows, and FIT stock may decline to $5.40 before finding any meaningful support.So which way will Fitbit stock break? It's impossible to say, honestly. If management delivers, it will likely give the stock the momentum that it needs to push higher. If they fail to deliver, lower is likely.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Fitbit Stock Just Isna€™t Worth Buying With Apple in Town appeared first on InvestorPlace.

  • The Big Rally In YETI Stock Is For Real
    InvestorPlace 9 days ago

    The Big Rally In YETI Stock Is For Real

    Sometimes, when a company goes public, there's a lot of hype surrounding that company, so the stock explodes higher following the initial public offering, or IPO. Then, that hype cools down, reality settles in, and the stock falls. * 10 Dividend Stocks to Dump and One to Embrace Source: Landscape Photo This pop-and-drop IPO dynamic happens time and time again. See GoPro (NASDAQ:GPRO), Fitbit (NYSE:FIT), or Shake Shack (NYSE:SHAK). Although that pattern does tend to repeat itself often, it isn't what's happening with shares of YETI (NYSE:YETI). The outdoors consumer products brand went public at $18 per share in late 2018. The IPO wasn't a huge success. Shares actually traded down on their first day on Wall Street. But YETI stock has been nothing but a huge success ever since, as back-to-back strong earnings reports have powered shares to above $30 today.This rally, unlike post-IPO rallies for peer outdoors consumer products brands GoPro and Fitbit, is for real. Yeti is a stable and healthy brand in a stable and healthy outdoors recreation market, with stable and healthy margins -- and stable and healthy go-forward growth catalysts. In other words, the whole growth narrative here is stable and healthy.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt $30, stable and healthy is partially priced into YETI stock -- but not fully. Indeed, given the company's long-term growth potential, YETI stock isn't fully valued until the mid-to-upper $30's.Given this, I think the post-IPO rally in YETI stock has legs. This stock should close the year closer to $40 than $30. Stable & Healthy Is YETI's Calling CardIn short, YETI stock is supported by healthy and stable go-forward growth fundamentals, which support further gains in the stock.Let's look at the numbers. Depending on who you ask, the outdoors recreation market in the U.S. (including apparel, gear, and activities) measures somewhere north of $300 billion, and likely closer to $600 billion-plus. That market is growing anywhere between 5% and 10% per year, supported by a rise in the experience economy, active lifestyles and travel. Within that broad outdoors market, products account for roughly $120 billion in annual revenue. Revenues there are presumably rising at a healthy, high-single-digit growth rate, too.Within that industry, YETI is a small (less than $1 billion in revenues projected for 2019), but important (people need coolers and drink ware) and stable player (YETI is top dog in the cooler niche). From this perspective alone, assuming secular trends continue to power healthy revenue growth across the whole outdoors category for the foreseeable future, YETI projects as a healthy grower for the next several years, too.Further, YETI is launching new products to extend beyond its niche, pushing hard on the international front, and rapidly expanding its DTC business. All those initiatives imply potential market share expansion and addressable market growth.In other words, not only does YETI project as a healthy and stable grower for the next several years, but several go-forward catalysts imply that 10%-plus revenue growth is achievable for this company. If the company can grow at that rate, and margins improve with scale, then the rally in YETI stock is far from over. The Valuation Remains AttractiveEarnings next year are projected at roughly $1 per share. YETI stock changes hands at around $30. Thus, this stock trades at around 30 times forward earnings. That's a big multiple. The average consumer discretionary retail stock trades at 25 times forward earnings.But, YETI isn't your average consumer discretionary stock. Thanks to strong market positioning, potential share expansion catalysts and healthy tailwinds across the whole outdoors industry, YETI has clear visibility to 10%-plus revenue growth over the next several years. Meanwhile, the company's margin profile is depressed relative to other premium players, and 10%-plus revenue growth should allow for adequate opex leverage to close this gap.As such, YETI projects as a 10%-plus revenue grower over the next few years with healthy margin drivers. That combination leads me to believe that this company can do about $2.50 in earnings per share by 2025. Based on a sector-average 25 forward multiple, that implies a reasonable 2025 price target for YETI stock of over $60. Discounted back by 10% per year, that equates to a 2019 price target in the upper $30's. Bottom Line on YETI Stock * 10 Stocks That Are Screaming Buys Right Now Unlike other post-IPO rallies, this post-IPO rally in YETI stock has legs, mostly because the valuation remains reasonable and the fundamentals remain favorable. So long as both of those things remain true, the post-IPO rally in YETI stock will continue.As of this writing, Luke Lango was long YETI. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post The Big Rally In YETI Stock Is For Real appeared first on InvestorPlace.

  • Snap Likely to Lose Users in 2019: Should Facebook Rejoice?
    Zacks 13 days ago

    Snap Likely to Lose Users in 2019: Should Facebook Rejoice?

    Per eMarketer, Snap (SNAP) will likely lose U.S.-based users in 2019, which spells good times for Facebook.

  • 3 Top Small-Cap Stocks to Buy in April
    Motley Fool 14 days ago

    3 Top Small-Cap Stocks to Buy in April

    Huami, Tanger, and Editas Medicine have small market caps, but that only leaves them more room for multibagger returns.

  • What Will Boost Fitbit’s Sales and Profitability?
    Market Realist 14 days ago

    What Will Boost Fitbit’s Sales and Profitability?

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  • Fitbit Continues to Lose Share in the Global Wearables Market
    Market Realist 14 days ago

    Fitbit Continues to Lose Share in the Global Wearables Market

    Fitbit Stock Has Been Volatile This Year—What Lies Ahead?(Continued from Prior Part)Fitbit device sales rose 3% in the fourth quarter Fitbit’s (FIT) device sales rose 3% YoY (year-over-year) in the fourth quarter of 2018, far below the 31.4%

  • Fitness Trackers Are Likely to Hit Fitbit’s Sales in 2019
    Market Realist 14 days ago

    Fitness Trackers Are Likely to Hit Fitbit’s Sales in 2019

    Fitbit Stock Has Been Volatile This Year—What Lies Ahead?(Continued from Prior Part)Smartwatch accounted for 44% of total sales last year Fitbit (FIT) is one of the top players in the wearables space. It competes with tech giants such as Apple and

  • A Look at Fitbit’s Estimated Revenue and Earnings Growth in 2019
    Market Realist 15 days ago

    A Look at Fitbit’s Estimated Revenue and Earnings Growth in 2019

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  • What Do Analysts Expect from Fitbit in Q1 2019?
    Market Realist 15 days ago

    What Do Analysts Expect from Fitbit in Q1 2019?

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  • Do Insiders Own Shares In Fitbit, Inc. (NYSE:FIT)?
    Simply Wall St. 15 days ago

    Do Insiders Own Shares In Fitbit, Inc. (NYSE:FIT)?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Every investor in Fitbit, Inc. (NYSE:FIT) should be aware of the most powerful shareholder groups. Large companies usual...

  • 3 Health-Related Headwinds to Consider Before Taking the Apple Stock Plunge
    InvestorPlace 15 days ago

    3 Health-Related Headwinds to Consider Before Taking the Apple Stock Plunge

    While investors may disagree over Apple's (NASDAQ:AAPL) nearer-term movements, the longer-term view features much more consensus. Yes, the vaunted consumer-technology giant faces some serious questions, particularly regarding the era "peak smartphone." Yet, management's constant push toward other sectors provides Apple stock with a second wind.Source: Via AppleThis is especially true when it comes to the $3.5 trillion healthcare industry. Thanks to the ever-rising merger between society and technology, it's only logical that an organization like AAPL would seek opportunities in health and wellness. Specifically, the wearables revolution can offer an alternative revenue channel to support the heavily-saturated devices segment.Among wearables rivals such as Garmin (NASDAQ:GRMN) and Fitbit (NYSE:FIT), the ultimate prize is the development of high-end biosensors. Current portable devices are able to track one's footsteps, heart rate and even sleep patterns. However, taking this tech to the next level -- such as non-invasive blood-sugar monitoring systems -- represents the goldmine.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf Apple can get there first, the achievement could send AAPL stock skyrocketing. Morgan Stanley estimates that on the upper end, the company's health division could rake in $313 billion by 2027. For context, Apple's revenue last year was $266 billion. * 7 High-Risk Stocks With Big Potential Rewards Additionally, AAPL has built relationships with health insurers. Many of them are willing to pay for at least a portion of current-generation Apple Watches issued for their clientele. With future biosensor-armed products, this partnership will likely further bolster Apple stock.Considering the company's vast resources, it's a tall order to beg against it. However, you should know three health-related headwinds before jumping onboard AAPL stock. Medical Tech May Never Catch Up to the HypeMost of us are familiar with Moore's Law. Roughly paraphrasing, advancements in semiconductor performance will require exponentially larger financial investments. Eventually, you'll reach a point where a computer chip can't get any smaller due to physical restraints.A similar principle may impact wearable devices. If so, the case for Apple stock -- at least as it relates to healthcare -- may quickly collapse.Right now, futurists are excited about the potential of biosensors. However, no one has come close to developing a consistent, accurate and non-invasive platform to measure critical health metrics.Worse yet, such technology may be impossible to reach. Any device can measure "exterior" signals, such as a heartbeat. But blood-sugar levels for diabetics? That's an internal, molecular dynamic that necessarily requires intrusion for measurement-taking purposes.Please note that Intuitive Surgical's (NASDAQ:ISRG) ultra-advanced da Vinci surgical system is minimally invasive, not non-invasive. Like I said, no one has cracked this key. If Apple does, AAPL stock goes to the moon. But that's an aggressive bet. No, Privacy Issues Are Not Tailwinds for Apple stockAAPL's management team recently boasted that they signed up 419,000 people to participate in a health study involving Apple Watch. To many observers, that's a sign that most Americans trust Apple to handle their medical data with utmost care.Admittedly, that's a massive number, especially for a medical research study. However, I wouldn't conflate that figure with overwhelming trust for AAPL.As Facebook's (NASDAQ:FB) various controversies demonstrated, Americans are rightfully sensitive about their privacy. And in this case, we're just talking about inconsequential stuff. But when you broach the topic of personal health? The walls will come up faster than a presidential tweet.That's because disclosing health-related issues may lead to serious consequences. For instance, if you admit to having cancer, you'll have substantial difficulties getting life insurance. Thus, it really pays for Americans to keep their medical records on a strict, need-to-know basis.So no, Apple stock won't benefit from public trust. AAPL Stock May Suffer 'Dilutive' EffectAnyone can appreciate Morgan Stanley's bullishness on Apple stock. Thanks to its large network of health insurance partnerships, the company can distribute future wearables on a grand scale.At the same time, it would dilute Apple's brand. After all, the company carefully cultivated an image of exclusivity, and its products' price points reflect it. However, mass distribution through health-related networks certainly contradicts decades of marketing.Therefore, AAPL may find itself in a position winning one battle at the expense of another. In other words, there's a reason why airport rentals don't typically offer exotic sports cars from Ferrari (NYSE:RACE). You can't lead in exclusivity and volume.On a surface level, it's easy to get excited over the burgeoning health opportunities. However, a closer look reveals that the case for AAPL stock isn't quite so clear-cut.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post 3 Health-Related Headwinds to Consider Before Taking the Apple Stock Plunge appeared first on InvestorPlace.

  • Fitbit Stock Has Been Volatile This Year
    Market Realist 15 days ago

    Fitbit Stock Has Been Volatile This Year

    Fitbit Stock Has Been Volatile This Year—What Lies Ahead?Fitbit stock is up over 11% in 2019Shares of consumer tech company Fitbit (FIT) are up over 11% so far in 2019. From the start of this year to February 27, 2019, the stock rose 28%. It then

  • Markit 15 days ago

    See what the IHS Markit Score report has to say about Fitbit Inc.

    Fitbit Inc NYSE:FITView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate Bearish sentimentShort interest | PositiveShort interest is moderate for FIT with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding FIT are favorable, with net inflows of $2.54 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.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.

  • Amazon's Alexa approved to share HIPAA-regulated health information
    American City Business Journals 16 days ago

    Amazon's Alexa approved to share HIPAA-regulated health information

    Amazon’s Alexa voice-assistant technology now meets federal privacy requirements that allow it to be used to collect and share health data.  Alexa’s software is now HIPAA-eligible, meaning qualified healthcare organizations and their business partners can build Alexa “skills” that transmit or receive protected health information, per Health Data Management, a publication for healthcare IT professionals.

  • The Drop in Fitbit Stock Is a Buying Opportunity
    Motley Fool 18 days ago

    The Drop in Fitbit Stock Is a Buying Opportunity

    Investors need to look beyond the short-term pain as the company goes after a lucrative market.