6.20k followers • 11 symbols Watchlist by Yahoo Finance
This basket consists of stocks gaining popularity from health and wellness.
Lululemon Athletica Inc.
Herbalife Nutrition Ltd.
Under Armour, Inc.
DICK'S Sporting Goods, Inc.
Foot Locker, Inc.
GNC Holdings, Inc.
Google announced its plans to acquire Fitbit for $2.1 billion back in November. As of this writing, the deal has yet to go through, courtesy of all the usual regulatory scrutiny that occurs any time one large company buys another. Citing “people familiar with the matter,” Reuters notes that Google may be facing down some scrutiny in the form of an EU antitrust investigation if it doesn’t make some concessions.
DexCom (DXCM) closed the most recent trading day at $439.64, moving -0.2% from the previous trading session.
Lululemon (LULU) closed at $314.39 in the latest trading session, marking a -0.26% move from the prior day.
NIKE (NKE) unveils the Nike Rise concept store in China, which is one of its growing market. The store brings in the best of in-store and digital experiences for customers.
European regulators are reportedly looking for concessions before approving the $2.1 billion acquisition.
This week’s most eye-popping legal dispute involves the actor Johnny Depp, his ex-wife Amber Heard and extensive disagreements over who hit whom and under the influence of which substances. Let me just say: whatever narcotics Mr Depp took, he does turn up every day in a mask, so he’s more safety-conscious than most UK government ministers. Meantime, we can turn to the more sober dispute between FC Barcelona and Nike.
The European Union (EU) expects concessions before its regulator allows Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) unit Google to acquire Fitbit (NYSE: FIT). According to a report from Reuters citing "people familiar with the matter," the U.S. tech giant will have to give up something in order for the deal to clear the European Commission's (EC) antitrust review process. One possible solution is that Google concretely promises that it will not misuse Fitbit user data by culling it to target advertising, the article's sources said.
Herbalife Nutrition Ltd. Announces Second Quarter 2020 Earnings Release Date and Investor Call
Following up on its commitment to galvanize its digital model, Nike (NYSE: NKE) is launching the next stage of its digital transformation in the form of a new store concept called Nike Rise. The idea behind the store is to link the digital and in-store shopping experience with the customer's preferences and the community's sporting habits. The concept is powered by data supplied by customers through Nike's apps, combined with information about real-time sporting events in the customer's city.
Nike (NYSE: NKE) and Disney (NYSE: DIS) are two sports stocks to keep an eye on this month. Is Nike in trouble? Nike recently released its third-quarter earnings with sales performing worse than analyst estimates.
Google may be able to stave off a full-scale EU antitrust investigation into its planned $2.1 billion bid for Fitbit <FIT.N> by pledging not to use Fitbit's health data to help it target ads, people familiar with the matter said. The deal announced in November last year allows Google, a unit of Alphabet <GOOGL.O>, to take on Apple <AAPL.O> and Samsung <005930.KS> in the fitness tracking and smart watch market, alongside others including Huawei and Xiaomi <1810.HK>. Apple is the leader in the global wearables market with a 29.3% market share in the first quarter of 2020, followed by Xiaomi, Samsung and Huawei, according to data from market research firm International Data Corp. Fitbit's share of the market was 3%.
Google may be able to stave off a full-scale EU antitrust investigation into its planned $2.1 billion bid for Fitbit by pledging not to use Fitbit's health data to help it target ads, people familiar with the matter said. The deal announced in November last year allows Google, a unit of Alphabet, to take on Apple and Samsung in the fitness tracking and smart watch market, alongside others including Huawei and Xiaomi. Apple is the leader in the global wearables market with a 29.3% market share in the first quarter of 2020, followed by Xiaomi, Samsung and Huawei, according to data from market research firm International Data Corp. Fitbit's share of the market was 3%.
Fitbit (NYSE: FIT) is a household name in the fitness market thanks to its simple but effective exercise-activity trackers. With a roster of products including smart watches and wristband activity trackers, Fitbit's offerings record health metrics including heart rate, distance travelled, and steps walked. Most of Fitbit's activity trackers cost between $100 and $175; the company's most recent tracker, the Fitbit Charge 4, cost $149 upon its release in March.
On a recent conference call, management provided details on why they were so interested in acquiring the digital fitness platform.
In fact not having stores in the mall is often seen as a positive catalyst in itself for brands. Expect that to continue, says Raymond James. Analyst Matthew McClintock reiterated a Strong Buy rating and $335 price target on Lululemon (ticker: LULU) Friday, writing that the athletic apparel company isn’t overexposed to the malls and won’t be hurt by their pain.
Some footwear and athleisure stocks look well positioned during and coming out of the coronavirus crisis, especially those with a loyal following.
Dow futures fell as Covid cases soar and the Shanghai composite ended a win streak. The coronavirus market rally has been a stock picker's paradise.
Google can avoid an EU probe of its planned takeover of Fitbit. Reuters sources say Brussels would be satisfied with a pledge not to use Fitbit’s health data to target ads. The 2.1 billion dollar bid was announced last November. It would allow Google to take on Apple, Samsung and others in the fitness tracking and smartwatch market. But the plan has drawn heavy criticism from privacy advocates. They worry what Google would do with access to Fitbit’s trove of personal health data. Concerns too about competition. The European Commission is examining whether the takeover would cement Google’s dominance of online advertising. Sources say it’s set to trigger a four-month probe of the deal if Google doesn’t offer concessions by Monday (July 13). But they say the search giant could avert that by offering a binding pledge not to use health data for advertising. Google has dismissed all the concerns. It says the deal is about devices, not data, and will only boost competition. The smart wearables market is currently dominated by Apple, which has an almost 30 percent market share.
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google LLC may be able to ward off an antitrust investigation by the European Union into its acquisition of Fitbit Inc (NYSE: FIT) by promising not to use the smartwatch maker's health data to run targeted advertisements, Reuters reported Thursday. What Happened Google had agreed to purchase Fitbit for $2.1 billion, or $7.35 per share in cash, last November. The deal has been under fire from activists over privacy and anti-competition concerns.According to Reuters, Google may lessen fears of its competitors and privacy activists by issuing a binding pledge to the EU authorities, similar to the one it issued last year -- that is, not to use Fitbit's health data for its advertising service.The EU is scheduled to decide on the deal by July 20, and Google must offer any concessions by July 13, Reuters noted.Why It Matters If Google fails to provide such a pledge, it will face a four-month investigation at the end of the EU's preliminary review. The deal will allow Google to better compete with Apple Inc (NASDAQ: AAPL), Samsung Electronics Co Ltd (OTC: SSNLF), Huawei, and Xiaomi Corp (OTC: XIACF), all makers of smartwatches and fitness trackers. According to Reuters, Fitbit's share of the market stands at 3%, while the leader in the segment is Apple, with a 29.3% market share. Price Action On Thursday, Alphabet's Class A and C shares closed 1% higher at $1,518.66 and $1,510.99, respectively.Fitbit shares traded 1.34% higher at $6.80 in the after-hours session the same day, after closing the regular session 7.70% higher at $6.71.See more from Benzinga * Google Abandons Plans To Offer Its Cloud Initiative In China * Verizon's Decision To Halt Facebook Advertising Was Not Political, Says CEO * Hong Kong National Security Law Fallout: US Tech Companies To Decline Law Enforcement Requests(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Athletic brand Lululemon surprised customers with a rare, limited time sale Thursday. The Final Round panel discusses the details and how other retailers are dealing with coronavirus-related pressure.
Lululemon’s sale might have investors worried that its inventory isn’t as fresh as bulls hope, or concerned that it might not be as profitable as some of the higher estimates for the coming quarter project.