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On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney discusses the recent momentum of Fitbit and explains why the company should continue to be a force in the evolving wearable tech industry for years.
Remember to subscribe and leave a rating on iTunes if you enjoy the show!
Fitbit shares have gained more than 15% over the past 12 weeks, and although plenty of near-term challenges still exist, the once-hyped company is finally starting to show signs of a turnaround.
This recent momentum was sparked by the arrival of the Fitbit Ionic, the company’s first official smartwatch, in late August. The Ionic is a powerful, health-centric wearable—and it’s a cheaper option to the similarly designed Apple (AAPL - Free Report) Watch Series 3.
What’s more, the entire wearable tech market seems to be doubling down on medical technology. As health and wellness becomes the focus of the wearables industry, Fitbit—which has always put health tracking at the forefront—should emerge as a leader.
Make sure to tune into the show for more!
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave us a rating on iTunes.
As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
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Why Fitbit Is Still A Wearable Tech Contender
On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney discusses the recent momentum of Fitbit and explains why the company should continue to be a force in the evolving wearable tech industry for years.
Remember to subscribe and leave a rating on iTunes if you enjoy the show!
Fitbit shares have gained more than 15% over the past 12 weeks, and although plenty of near-term challenges still exist, the once-hyped company is finally starting to show signs of a turnaround.
This recent momentum was sparked by the arrival of the Fitbit Ionic, the company’s first official smartwatch, in late August. The Ionic is a powerful, health-centric wearable—and it’s a cheaper option to the similarly designed Apple (AAPL - Free Report) Watch Series 3.
What’s more, the entire wearable tech market seems to be doubling down on medical technology. As health and wellness becomes the focus of the wearables industry, Fitbit—which has always put health tracking at the forefront—should emerge as a leader.
Make sure to tune into the show for more!
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave us a rating on iTunes.
As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>