Author Archives: Scalper1

Fitbit CEO: M&A ‘Big Part’ Of 2016 Growth Strategy

LAS VEGAS — Fitbit (FIT) stock has lost over 20% of its value in the last three sessions as investors shunned the introduction of the wearable maker’s newest product, Blaze. IBD had a chance at CES to speak one-on-one with Fitbit CEO James Park about the company’s outlook. Park says there’s a disconnect between investors and retailers, who are “excited” about Blaze. But with the new smart fitness watch looking very similar to the Apple (AAPL)

Facebook Prices Oculus Rift at $599, Users Seem Undeterred

Facebook Inc.FB started taking pre orders for the Oculus VR headset yesterday at a whopping $599. Though a hefty price tag by all means, it has failed to deter enthusiastic buyers who thronged to the online store in large

Solar Stocks Lose Some of Their Shine

The solar energy industry group is one of the top-ranked among the 197 IBD groups, but Thursday it was the worst performer. All 22 members of the group were down, with 90% of the names down 5% or more. Ranked No. 9 in Thursday’s edition, the solar industry suffered a downtrend for most of 2015, finding itself in the lower 10th of groups. That changed dramatically in December. On Dec. 16, the investment tax credit got a five-year extension from