Diamonds and Dogs
FitBit's (FIT) in great shape. Fitbit sprinted out of the gates today up 8% thanks to an upgrade from Morgan Stanley. The analyst at Morgan Stanley indicated the consumer the market for wearable smart watches is large enough for Fitbit and the Apple Watch to flourish. The upgrade came with a $58 price target, 58% above current prices implying there is more upside for the stock.
Coffee Machines everywhere! Keurig Green Mountain Inc (GMCR) is our dog today with a decline of 1% even with the market rising 2%. Keurig announced their Keurig 2.0 machines will only use K-Cups and other types of cups Keurig approves for their machines. It looks like the Keurig 2.0 machines may stay on shelves a little bit longer.