Several days ago Fitbit (FIT) and Dexcom (DXCM) announced they are partnering to develop CGM (continuous glucose monitoring) solutions for people living with diabetes. The first product will incorporate DXCM’s CGM data and bridge it with FIT’s new Ionic watch. Users of Android and iOS devices would be able to see “activity and glucose levels, right on their wrist.”
So what’s the big deal?
Th truth is that it isn’t such a big deal for DXCM. The company already sells and markets a similar product for both Android and iOS devices.
However, please note that the Ionic will have four days of battery life, which could be considered mission critical in such medical applications. Apple’s (AAPL) new iWatch 3 on the other hand clams to have up to 18 hours of battery life.
Also, the Ionic smartwatch has a built-in GPS tracker, an optical heart rate sensor, an accelerometer and a blood oxygen sensor. So perhaps DXCM and FIT might have more plans for medical Apps in the future. The AAPL iWatch does not have all those amenities, and to get the GPS tracker you have to fork out about $30 more.
Top Medical Stocks To Buy Right Now: Arc Wireless Solutions Inc.(ARCW)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewsletter suggested small cap manufacturing and 3D printing service provider ARC Group WorldWide (NASDAQ: ARCW) as a short trade:
Top Medical Stocks To Buy Right Now: Signet Jewelers Limited(SIG)
- [By Lisa Levin]
In trading on Tuesday, utilities shares rose by just 0.3 percent. Meanwhile, top losers in the sector included Signet Jewelers Ltd. (NYSE: SIG), down 28 percent, and DSW Inc. (NYSE: DSW) down 12 percent.
- [By Ben Levisohn]
Signet Jewelers (SIG) soared to the top of the S&P 500 today after reporting better-than-expected earnings and offering a staunch defense of the company’s culture.
Signet Jewelersgained 8.7% to $70.02 today, while the S&P 500 ticked up 0.1% to 2,364.87.
CFRA’s Efraim Levy still sees “risks” despite Signet’s defense of itself today:
We lower our 12-month target by $4 to $81, or 11X our FY 18 (Jan.) EPS of $7.35 (reduced $0.30). We apply a P/E below SIG’s 10-year forward average of 13.4X, to reflect challenges of negative same-store sales, offset by our favorable longer-term view of SIG’s market position. SIG today addressed recent headlines, but we still see risks, despite implied upside potential to our target. Posts adjusted Jan-Q EPS of $4.03 vs. $3.63, in line with Capital IQ consensus and January guidance. Same-store sales fell an in-line 4.5%, dragged down by the Sterling Jewelers division.
Signet Jewelers’ market capitalization rose to $4.9 billion today from $4.5 billion yesterday.
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Signet Jewelers Limited (NYSE: SIG) which rose about 5% to $52.34. The stocks 52-week range is $46.09 to $99.19. Volume was4 million compared to its average volume of 2 million.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Signet Jewelers Limited (NYSE: SIG) which traded down about 7% at $52.74. The stocks 52-week range is $46.09 to $86.35. Volume was 8.5 million, well above the daily average of 2.4 million shares.
- [By Spencer Israel]
Riot Blockchain Inc (NASDAQ: RIOT) – The Jan. 2015 high of $15.72 is the only resistance it has.
General Electric Company (NYSE: GE) -The low of the move is a double bottom at $17.46 and $17.50. That’s support.
Overstock.com Inc (NASDAQ: OSTK) – The February 2005 high was $58.24, which is the only relevant resistance up here. On weakness, keep an eye on the all-time closing high of $56.65 made on Monday.
Advance Auto Parts, Inc. (NYSE: AAP) – Is trying to fill the gap from earnings between $82.82 and $94.75.
Tesla Motors Inc (NASDAQ: TSLA) – It needs to clear Friday’s close of $315.05 and Monday’s high of $315.50 to find support.
Urban Outfitters, Inc. (NASDAQ: URBN) – There was a double close at $27.90 from Friday and $28.27 from Monday, so that’s resistance.
DSW Inc. (NYSE: DSW) -The premarket low was $18.40. There are also four daily lows at the $18.40 area from early November, and the low of the move is $17.89.
Signet Jewelers Ltd. (NYSE: SIG) – the premarket low was $61.50, which was the low of the move. There’s daily lows at the $61 area from mid-August, and another pair of lows at $60. Below that, there’s a gap area down to $52.95.
Lowe’s Companies, Inc. (NYSE: LOW)- The Friday low was $79.17, and a pair of lows from Wednesday and Thursday at $78.27 and $78.23.
Campbell Soup Company (NYSE: CPB) – The buy zone is between $45-$46. The low of the move was $44.99, flanked by the $45.14 low the following day.
Dollar Tree, Inc. (NASDAQ: DLTR) – $99.93 and a big psychological number at $100.
Burlington Stores Inc (NYSE: BURL) – The Monday low was $104.55. The all-time high and all-time closing high are $106.55 and $106.89, respectively.
Exxon Mobil Corporation (NYSE: XOM) – Big triple bottom at $80.
Watch the full show below!
- [By Peter Graham]
A long term performance chart shows shares of Tiffany & Co and small cap Blue Nile Inc (NASDAQ: NILE) nowback in positive territory and trending up while Signet Jewelers Ltd (NYSE: SIG) has outperformedbut that outperformancestarted falling off late last year:
Top Medical Stocks To Buy Right Now: Sphere 3D Corp.(ANY)
- [By Paul Ausick]
Sphere 3D Corp. (NASDAQ: ANY) dropped about 36% Monday to post a new 52-week low of $0.23 after closing Friday at $0.36. The 52-week high is $2.00. Volume of around 4.3 million was more than 10 times the daily average of around 390,000 shares traded. The company said today that it has received an unsolicited proposal from an unnamed company to purchase certain of Sphere 3D’s assets.
Top Medical Stocks To Buy Right Now: Brink's Company (The)(BCO)
- [By Lee Jackson]
Another hedge fund that is also a director at Brink’s Co. (NYSE: BCO) was busy selling stock this past week. Starboard parted with a total of 650,000 shares of the security and protection company at prices that fell between $51.47 and $52.05. The total for the sale was set at $34 million. Shares closed on Friday at $52.00. The consensus price target is $56, and the52-week range is $26.86 to $53.90.
- [By Benzinga News Desk]
World Wrestling Entertainment (NYSE: WW) received a pair of downgrades after its earnings report came in below estimates.
Sell-Side's Most Noteworthy Calls
Baird downgraded Cardinal Health (NYSE: CAH) to Neutral.
Imperial downgraded Brinks (NYSE: BCO) to In-Line.
Jefferies upgraded AK Steel (NYSE: AKS) to Buy.
Craig-Hallum upgraded LendingClub (NYSE: LC) to Buy.
General Electric (NYSE: GE) was said to be in talks to acquire Baker Hughes (NYSE: BHI), according to sources as reported by Dow Jones. A deal could be valued at as much as $30 billion. However, Bloomberg later reported that a GE spokesperson said they're in talks with Baker Hughes regarding possible partnerships, but not an acquisition. Halliburton (NYSE: HAL) had attempted to acquire Baker Hughes in 2014, but the DoJ sued to block the deal valued at $35 billion.
Top Medical Stocks To Buy Right Now: Alphabet Inc.(GOOGL)
- [By Douglas A. McIntyre]
And those big tech stocks continue to sell off. Apple Inc. (NASDAQ: AAPL), Amazon, Alphabet Inc. (NASDAQ: GOOGL), Facebook and Microsoft Corp. (NASDAQ: MSFT) have lost over $100 billion in combined market cap in less than two weeks.
- [By Sreekanth Anasa]
Menlo Park, California-based Facebook Inc (NASDAQ:FB)reported stellar last quarter earnings and is still one of the best growth stories out on there in the market. To continue its growth story, the social networking giant recently made its biggest move to make itself a one-stop destination for video content by announcing a standalone TV App for videos and other videofeatures on Facebook. Mark Zuckerberg is a big fan of videos and described ‘video’ as a “mega-trend”. In one of our previous posts, we had already covered how Facebook is posing a threat to Alphabet Inc’s(NASDAQ:GOOGL) YouTube. However, in a recent coverage on FB stock fellow Amigobulls contributor had discussed the headwinds faced by Facebook Inc and one of these headwinds coupled with the risks associated with the social media giant’s video push could hurt FB stock. Let’s take a closer look.
- [By Danny Vena]
IBM isn’t the only player in this emerging field. While many big tech companies use varying degrees of artificial intelligence to help provide security for their cloud-computing operations, some are taking it to another level. In a research paper, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) division Google revealed that two neural networks had learned to build their own form of encryption, while a third was unable to crack that code. This is significant because they weren’t taught about encryption or given any examples of encrypted and decrypted messages. Two neural networks were instructed to send communications to each other, and keep that information secret from the third. This is likely an early development toward a dynamic system that learns to protect itself. In its conclusion, the paper states: “Finally, neural networks may be useful not only for cryptographic protections but also for attacks.”
- [By Craig Jones]
Pete Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) and Microsoft Corporation (NASDAQ: MSFT).
- [By Shanthi Rexaline]
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)’s consumer facing search engine was shut down in China in 2009, while China blocked Facebook Inc (NASDAQ: FB) in 2010. China claims that these companies show scant respect to Chinese laws. If at all these companies have to gain a foothold in the lucrative Chinese market, they may have to agree to the censorship rules laid down by the government and also help to bring to book, individuals who are perceived as threats to the nation.
- [By WWW.THESTREET.COM]
Founded in 2006, Spotify is now the world’s largest music-streaming service. In the U.S., Spotify once dominated the category of music streaming, which accounted for 51% of total music consumption in the U.S. according to Billboard. It faces intensifying competition from the music streaming divisions of Apple (AAPL) , Amazon (AMZN) and Alphabet (GOOGL) , though.
Top Medical Stocks To Buy Right Now: Just Hold Your Nose and Dive Into Under Armour Inc (UAA)
- [By Ben Levisohn]
Under Armour’s (UAA) guidance last month was so bad that the stock lost a quarter of its value in just one day. Some analysts have stuck with the company, but many more have downgraded it. But that’s in the past. Now, Under Armour’s products are hitting the shelves at Kohl’s (KSS), and some have worried that it could dilute Under Armour’s brand. Kohl’s, meanwhile, has had troubles of its own–its stock is down 23% during the past three months–as investors have worried about the internet destroying retail as we know it. Which begs the question: Are you in trouble when you’re looking at Kohl’s as a savior?
Baird’s Jonathan Komp and Benjamin Bray, however, see an opportunity for Under Armour to replace revenue lost when The Sports Authority liquidated. They explain why:
Under Armour has begun to arrive in stores and online at Kohl’s (covered by Mark Altschwager at Baird). We sense investors have been more positive on the opportunity for Kohl’s (adding another attractive national brand to its large/rapidly growing active category; characterized as “one of biggest brand launches in history”) than for Under Armour (given fears of brand dilution). Our initial review of the in-store execution is favorable and supportive of our belief that Under Armour can successfully sell a differentiated line of apparel and footwear that is highly incremental (could replace the ~$160 million of lost TSA revenue and grow much larger), yet distinct from offerings sold in more traditional athletic specialty and sporting goods distribution.
Shares of Under Armour have gained 1.1% to $21.87 at 2:06 p.m. today, while Kohl’s has advanced 0.3% to Kohl’s.
- [By Ben Levisohn]
Nike’s drop today was vindication of sorts for my bearish call on Nike from December. At the time, I argued that Nike’s problems, including competition from Under Armour (UAA) and Adidas (AADDY) would continue into 2017, and that it probably wouldn’t outperform this year. That looked like a loser during the first months of the year, as Nike surged 14% this year through yesterday’s close. After today, however, it’s leading the Dow by just 1.5 points. Still a loser, but at least heading in the right direction.
- [By JJ Kinahan]
Competition has been growing in the athletic footwear and apparel market between Nike, Under Armour Inc (NYSE: UA) (NYSE: UAA) and Adidas. In recent months, Adidas has doubled its market share in the U.S. sport footwear market, according to market intelligence firm NDP, and both Nike and Adidas have continued to focus on Asia as an area for growth.
- [By Bryan Murphy]
Under Armour Inc (NYSE:UAA) has a problem.
In light of the 70% pullback UAA shares have suffered since the September-2015 peak, that’s not exactly news to current and would-be shareholders. Under Armour may not be in the trouble most investors might suspect it means, though. The athletic apparel outfit has deeper, philosophical problems than a failing stock. This company has developed a bad habit, and may struggle to break out of it…. IF it can break out of it.
Giving credit where it’s due, Under Armour has never had a problem growing the top line. Leveraging sponsorships/endorsements of some (very) high profile athletes like Tom Brady, Stephen Curry, and Jordan Spieth — just to name a few — the organization has mustered double-digit sales growth for several years now. The graphic below tells the tale; click on it to view the full-screen version.
- [By Teresa Rivas]
As the worlds of tech and athletics merge, Under Armour (UAA) is determined to lead the charge.
Cowens John Kernan reiterated a Market Perform rating on the stock Monday, given its valuation, but writes that the firms commitment to technology and innovation continues. He writes that the North American athletic category is very competitive, and he thinks Under Armour was more promotional through the holiday season than Nike (NKE). Nonetheless, the companys ongoing tech focus was evident at the Consumer Electronics Show last week.
From his note:
We attended CES 2017 in Las Vegas last week and met with UA’s Director of Investor Relations Carrie Gillard and Chief Digital Officer Mike Lee. We saw UA’s three new UA Record equipped running shoes, the Speedform Gemini 3 ($159.99), Speedform Velociti RE ($139.99) and Speedform Europa RE ($159.99). The shoes all include automatic tracking technology with UA’s MapMyRun program and also feature technology that allows for a short jumping test to measure muscle fatigue and recommend an appropriate intensity level for the athlete’s run or workout. All three shoes are available for pre-order now and will be sold on February 1st. UA also released Athlete Recovery Sleepwear ($80-$100), inspired by and developed with Tom Brady, which are designed with materials to help the body recover faster post-workout. The sleepwear is available for sale on UA’s website now. We note that CEO Kevin Plank was a keynote speaker at the conference.
He writes that the companys latest update will also include a sleep analysis program, and that other fitness-related booths at CES, including Fitbit (FIT) did not feature new hardware.
Under Armour is up 0.2% to $30.52 in recent trading.