Stock of the Week

Fitbit (FIT): September 25 – September 29

Fitbit (FIT)

Fitbit (FIT) develops and markets wearable devices that track data regarding peoples’ health. Those devices, which include watch-like wrist-bands and clippable devices, track users’ number of daily steps, stairways climbed, calories burned, sleep duration, heart-rate and GPS-based data, such as exercise routes, and displays data on those metrics. The company’s products are sold in approximately 45,000 retail stores throughout the United States, including Best Buy, Target, and Dick’s Sporting Goods. Fitbit was founded during March 2007 and went public during June 2015.

Significant Developments

U.S. Stocks in Danger of Pulling Back Sharply

September 22, 2017 (8:00 am U.S. Eastern Time): Our research indicates that U.S. stock prices, in general, are in danger of pulling back sharply within the next few days, with an increasing number of leading economic indicators for the United States suggesting that the country’s economy is weakening, valuation metrics indicating that financial market participants are over-valuing most U.S. stocks, and our Overbought-Oversold Index rising over the past few days to near the highest level possible.

U.S. Economic Developments

U.S. Political Developments

Earnings Announcements

International Economic Developments

International Geopolitical Developments

Company and Stock News

September 25, 2017 Company and Stock News

September 25, 2017
  • Apple (AAPL): DigiTimes reported that Apple Inc. has reportedly instructed suppliers of components for its iPhone X to withhold part of the component shipments. Specifically, DigiTimes reported that Apple’s suppliers are currently shipping only 40% of the components that were originally planned for the initial production of the iPhone X, indicating that the demand for Apple’s newest iPhone might be waning.
  • Genuine Parts (GPC): Genuine Parts Company announced that it entered into a definitive agreement to acquire Alliance Automotive Group, a European distributor of vehicle parts, for approximately $2 billion. The company stated that it expects the acquisition to be immediately accretive to its 2018 earnings.
  • Allergan (AGN): Allergan plc announced that its Board of Directors authorized a new $2 billion share repurchase program and that it affirmed a commitment to increase the company’s quarterly cash dividend on an annual basis. The company added that it plans to pay down $3.75 billion of its debt during 2018.

Investors Monitor 20

Investors Monitor Grade

Company NameTicker SymbolSector / IndustryComposite Fundamental RatingProductFinancial LiquidityLong-term DebtProfit MarginsSales & EPS Growth (Qtrly)Institution Buys to Sells
Alarm.Com HoldingsALRMHome SecurityB-AA+CCBB
Applied OptoelectronicsAAOIFiber OpticsA-A+A+A+B+A+B+
Arista NetworksANETNetwork AppsA+AA+A+AA+A
Control4 CorporationCTRLHome DevicesB-AA+A+CCA
Floor & Décor HoldingsFNDHome FlooringB-AB-C-CA+B+
GigamonGIMONetwork TrafficA-AA+A+B+AC+
GrubHubGRUBMobile OrdersB+A+A+BB+AC
Kornit Digital, Ltd.KRNTTextile PrintingC+AAA+n/aCD
Malibu BoatsMBUUBoat Mfg.C+AB-C-B-CD
Masimo CorpMASIMedical DevicesA-AA+A+ABB
Momo Inc.MOMOSocial MediaA+AA+A+A+A+A
Ollie’s Bargain OutletOLLIDiscount StoresB+B+A+AB+AC+
QualysQLYSInternet SecurityA-AA+A+B+AC
Sears HoldingsSHLDRetail StoresC+BBD+TurnAroundTurnAroundA
SolarEdge TechnologiesSEDGSolar PanelsA+AA+AAAA
Stanley FurnitureSTLYFurnitureBABATurnAroundTurnAroundB-
The Trade DeskTTDAdvertisingB+AA+A+C+AB
Weibo CorporationWBSocial MediaA+AA+A+A-A+A
Winnebago IndustriesWGORV Mfg.C-AC+DCCC
Yelp Inc.YELPOnline ReviewB-A+A+A+N/AB-C
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