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.
Wall Street is on track for record closes for all the benchmark indices as crude oil resumes its rally.
Stocks are higher on Monday as an early-morning surge in crude oil prices plateaus around $47 a barrel.
Here are Monday's top research calls, including downgrades for Abercrombie & Fitch, Foot Locker and 3M, and an upgrade for Fossil.