💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Fitbit +3.6% as Stifel sees key Ionic advantages over Apple Watch

Published 09/13/2017, 01:02 PM
© Reuters.  Fitbit +3.6% as Stifel sees key Ionic advantages over Apple Watch
AAPL
-
GRMN
-
FIT
-
  • Fitbit (FIT +3.6%) is seeing a stronger reaction than Garmin (NASDAQ:GRMN) in the first full day of trading following a key wearables announcement from Apple (NASDAQ:AAPL): news of its cellular-capable Apple Watch 3.
  • Garmin is at $51.93 after closing yesterday at $52.15, but is ex-dividend today after a $0.51 quarterly dividend.
  • Fitbit's new Ionic enjoys some key differences from Apple's new product, Stifel Nicolaus says.
  • "Key distinctions in head-to-head comparison with the Fitbit Ionic product are compatibility with non-iOS devices, longer battery life which supports sleep tracking (claimed 4 days vs. Series 3 watch at 18 hours) and a narrow advantage in price ($299 vs. $329)," writes analyst Jim Duffy.
  • And Fitbit is likely to push the message of Ionic's sleep tracking and battery life in the holiday season, he says.
  • Now read: Fitbit's Opportunity For Accelerated Growth


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.