Last week’s marquee IPO Fitbit (FIT) got its first analyst coverage Thursday as Leerink initiated with an outperform rating and a price target of 44. Fitbit stock rose as much as 4.3%, then was up 1.5% in early trading in the stock market today. Analyst Steven Wardell wrote that, despite what the critics may say, there’s still a huge potential market for Fitbit’s fitness-tracking system despite high-end competition from Apple (AAPL) Watch and
Walt Disney (DIS) boosted its dividend late Wednesday, and Disney stock was up in early trading on Thursday to a record high, following up on its Monday breakout. Burbank, Calif.-based Disney hiked it dividend by 15% and says it will now pay shareholder dividends twice a year rather than annually. Disney stock was up 1% in the stock market today and rose above 115. Disney stock has risen more than 20% this year and on Monday hit a 113.40 breakout
Fundamental analysis offers crucial data in a stock’s trading pattern, such as revenue and earnings growth. Companies with top fundamentals like YY (YY) and Alibaba Group (BABA) have high intrinsic value and often rack up the biggest gains. Today’s Screen Of The Day is Top Fundamentals. It spotlights stocks with three-year earnings per share and revenue growth rates topping 25% a year. The list includes five hot Chinese tech stocks that trade in