Tag Archives: fit

Netflix, Delta Air Follow Apple In Undercutting This Key Support Area

Netflix ( NFLX ) and Delta Air Lines ( DAL ) are among the big-name companies that undercut their 200-day moving averages Monday, following on the heels of Apple ( AAPL ). Los Gatos, Calif.-based Netflix fell 2.8% to 108.40 on the stock market today , closing above its 200-day line after falling as low as 106.02 intraday. Netflix moved above the support/resistance level last week. But shares crashed late Monday after Netflix beat Q1 earnings estimates but gave weak Q2 subscriber growth targets. The streaming video giant faces stepped-up competition with Amazon.com ( AMZN ), which is now offering its Amazon Prime Video as a stand-alone service for $8.99 per month, $1 cheaper than Netflix’s standard streaming plan. Amazon, which reports Q1 results on April 28, broke out of a cup-with-handle formation last week, rising more than 6% in the process. Amazon rose 1.5% Monday. Delta Air Lines fell below its 50- and 200-day moving lines Monday, losing 2%, while most other carriers’ stocks were little changed. The Atlanta-based airline last week reported strong Q1 earnings, boosted by cheaper jet fuel, but revenue slipped 1% as passengers paid slightly less for each mile they flew. Meanwhile, Apple stock fell 2.2%, falling further below its 200-day line after falling below that area on Friday. A research note from Pacific Crest Securities found that consumers prefer data-collecting gadgets such as Fitbit ( FIT ) opposed to more complex wearables such as the Apple Watch. Fitbit sold 21 million units last year compared to the 10 million Apple Watches sold, Pacific Crest Securities said. IBD’s Take: How does Apple stock rate? Objective analysis at IBD Stock Checkup Finally, keep an eye on social networking giant Facebook ( FB ). Facebook stock rose fractionally Monday as continues to find support at its 50-day moving average. Facebook is well above its 200-day line but has lost sight of a buy point at 117.09.

Apple, Amazon Lead 5 Tech Stocks Making Notable Moves

Loading the player… Apple ( AAPL ), Amazon ( AMZN ), Tesla ( TSLA ), Fitbit ( FIT ) and Yahoo ( YHOO ) are five big-name tech stocks making notable moves in the stock market today as the major indexes rally for a second session. The Nasdaq is trading at its highest level this year, and the S&P 500 is trading higher than the levels it saw in late December. Apple Retakes 200-Day Line Apple hit resistance at its 200-day moving average for the past week and a half, but looks like it may be able to close above that level today with a 1.5% gain in above-average turnover. Apple hasn’t traded above the 200-day since November, and that was only briefly. The stock is now 16% below its late-April peak. The consumer tech giant is set to report quarterly results in a few weeks. Analysts have been expecting lower iPhone demand this year, but some say there may be a pickup once the iPhone 7 is launched. Amazon Breaks Out Amazon is breaking out of a cup-with-handle base with a 603.34 buy point, rising 1.6%. Volume is tracking above average. The stock tried to edge into buy range the last two sessions but closed below the pivot. Shares are now trading 12% below their high reached in late December. Citi on Tuesday said Amazon is one Internet stock that has the greatest opportunity to produce better-than-expected Q1 results, which the e-commerce giant will report later this month. Tesla To End Losing Streak? Tesla is looking to end its four-session losing streak as it climbs back above the 250 price level with a 2.4% rise. But volume is not strong. The electric car maker is trading 11% below its July high. On Tuesday, Tesla introduced a few upgrades to its Model S, and Global Equities Research says this will improve the car’s production rate by 10%. That could be a good sign as Tesla is ramping up production of its Model X and prepping production for its Model 3. Fitbit Surges On Bullish Report Fitbit is jumping 12.7% in big volume, hitting a more than two-month high. The stock is trading 67% below its all-time high. Citi issued a bullish report on the stock, saying that Blaze and Alta sales could fuel upside to Q1 results and a positive Q2 outlook. The maker of fitness trackers said late last month that it sold 1 million units of each of the two new models in their first month of availability. Fitbit also reports earnings later this month. Will Yahoo Hit 8-Month High? Yahoo may be able to close at an eight-month high, climbing 1.2%, but volume is tracking lighter than average. Shares are 19% below their 52-week peak. Suntrust Robinson Humphrey raised its price target on Yahoo, which is looking to be acquired.

Teens Still Crave iPhones, But Not So Much Into iPads, Apple Watch

Apple ‘s ( AAPL ) iPhone remains a sought-after item for U.S. teenagers, but young people are losing interest in iPads and have little interest for now in the Apple Watch. Those are among the findings of Piper Jaffray’s latest semiannual Taking Stock With Teens survey, released late Tuesday. Piper Jaffray surveyed 6,500 teenagers using classroom visits and electronic surveys for its latest report. Of those surveyed, 1,300 teens were in the upper-income group. IPhone ownership among U.S. teens rose to a high of 69% in Piper’s spring survey, vs. 67% in fall 2015. Plus, some 75% of teens expect their next phone to be an iPhone, up from 74% last fall. “Apple maintained steady momentum in iPhone ownership among teens,” Piper analyst Gene Munster said in the investment bank’s research report. “We continue to expect small positive changes in the share numbers for iPhone given purchase intent and the over indexing of teens to the U.S. in total, where we believe iPhone has around 50% share.” The latest Piper survey also found that tablet interest among teens is declining along with the product segment overall. Teen tablet ownership declined for the third consecutive survey to 59% this spring from 61% last fall. Apple iPad share was stable at 64% among tablet owners vs. 65% last fall. In the new category of smartwatches, 12% of teens said they own a smartwatch and Apple Watch represented 71% share of those owners, Munster said. Looking forward, 10% of teens say they are interested in purchasing an Apple Watch compared with 8% last fall, which represents a stabilization in interest after falling the last two surveys. The teen survey reinforced that the Apple brand “remains healthy among the young demographic,” Munster said. He reiterated his overweight rating on Apple stock with a price target of 172. Apple stock rose 1.3% to 110.44 on the stock market today . Looking at other consumer electronics, Fitbit ( FIT ) performed well in the survey, while GoPro ( GPRO ) showed weakness. The U.S. teen survey showed strong intent to purchase fitness trackers. Some 22% of upper-income teens plan to buy a fitness tracker in the next six months vs. 15% last spring, Piper analyst Erinn Murphy said in the report. Fitbit was the No. 1 fitness band at 72% ownership share, up from 53% in the fall. GoPro action cameras declined on teen wish lists, getting less than 1% vote for the first time in two years. Just 0.9% of teens listed GoPro as one of two top birthday gifts.