Fitbit is reportedly buying rival Pebble for a fraction of what Pebble was offered in 2015. The deal shows how both consumer and investor enthusiasm for wearables has cooled markedly.
As the broader markets surge, these three stocks are falling. Are any of them value plays?
Though its earnings report contains some bright spots, Cisco was unable to sidestep the telecom capex issues that have stung many peers. Weak enterprise switching demand also didn't help.
Bank of America is a buy, Jim Cramer says. And Morgan Stanley is also cheap.