Right now, both the rich and middle class are unsure on where the market is headed next.
And it shows in the major equities indices. The Dow Jones Industrial Average has largely stayed flat over the last three months, as investors try to digest a solid first quarter earnings season with growing talk of an early 2019 recession. As for the S&P 500 , it has managed to tack on a meager 2.4% during that same stretch.
The Nasdaq Composite has been the leader of the pack, rising 5.6% on the back of a recovery in tech darlings such as Facebook (FB) and Apple (AAPL) . Facebook and Apple are holdings in Jim Cramer's Action Alerts PLUS.
Investor indecision is something that was easily detected in a fresh survey from Bank of America Merrill Lynch. About 41% of respondents think the stock market will get better while only 32% believe it will get worse. Drill down by income demographic, and the general cluelessness on the market's next move is even more apparent.
Best Small Cap Stocks To Watch Right Now: Fitbit, Inc.(FIT)
Fitbit, Inc. provides wearable health and fitness tracking devices. It offers various products, including Fitbit Zip, an entry-level wireless tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; Fitbit Flex, a wristband-style tracker that tracks steps, distance, calories burned, active minutes, and sleep; and Fitbit Charge, an activity and sleep wristband, which tracks steps, distance, calories burned, active minutes, floors climbed, and sleep. The company also provides Fitbit Alta, a customizable wristband that offers call, text, and calendar notifications when paired with the user's phone and SmartTrack automatic exercise recognition; and Fitbit Charge HR, a wireless heart rate and activity wristband. In addition, it offers Fitbit Blaze, a smart fitness watch that provides multi-sport functionality, tracks outdoor cycling activity, and provides run cues; Fitbit Surge, a fitness watch that features a GPS watch, heart rate tracker, activity tracker, and smartwatch; Aria, a Wi-Fi connected scale that tracks weight, body fat percentage, and body mass index; and Fitbit accessories that include bands and frames for Fitbit Blaze, bands for Fitbit Alta, colored bands for Fitbit Flex, colored clips for Fitbit One and Fitbit Zip, device charging cables, wireless sync dongles, band clasps, sleep bands, and Fitbit apparel. The company offers its products through consumer electronics and specialty retailers, e-Commerce retailers, sporting goods and outdoors retailers, and wireless carriers; and corporate wellness channels, as well as directly worldwide. The company was formerly known as Healthy Metrics Research, Inc. and changed its name to Fitbit, Inc. in October 2007. Fitbit, Inc. was founded in 2007 and is headquartered in San Francisco, California.
Google has so far struggled in making a name for itself in wearables and smartwatches, as Wear OS (initially named Android Wear) failed to gain any meaningful traction and many prominent hardware partners ditched the platform. Apple and Fitbit (NYSE:FIT) currently lead the way in smartwatches, but Google hopes to take another swing with its forthcoming Pixel Watch. As part of those efforts, Google recently bought smartwatch tech and acqui-hired employees from Fossil for $40 million. Three stories in tech stood out this week. Here's a closer look. Press coverage about Fitbit (NYSE:FIT) has trended somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of press coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Fitbit earned a coverage optimism score of 2.00 on their scale. InfoTrie also gave news coverage about the scientific and technical instruments company an news buzz score of 4 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days. After a couple challenging years, Fitbit (NYSE:FIT) has started to mount a turnaround. The company has already returned to profitability. In no uncertain terms, the Versa is driving that progress, positioned as a mainstream smartwatch that can appeal to average consumers. Versa's predecessor, the Iconic, in contrast, was a flop because it was priced too high and targeted a smaller niche of performance users. MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services. In addition, the company participates in external reinsurance arrangements and captive mortgage reinsurance arrangements. It serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin. Bowling Portfolio Management LLC lifted its position in shares of MGIC Investment Corp. (NYSE:MTG) by 17.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 216,375 shares of the insurance provider’s stock after buying an additional 31,473 shares during the period. Bowling Portfolio Management LLC’s holdings in MGIC Investment were worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC). News articles about MGIC Investment (NYSE:MTG) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MGIC Investment earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 45.4136127704926 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days. Headlines about MGIC Investment (NYSE:MTG) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MGIC Investment earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 46.9053330399122 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days. ING Global Equity Dividend and Premium Opportunity Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to provide a high level of income. Capital appreciation is a secondary investment objective. It invests in a portfolio of global common stocks. The Fund invests in global common stocks with market capitalization of typically over $1 billion and that have a history of paying dividend yields in excess of 3% annually. It also writes covered call options on a substantial portion of the portfolio of common stocks. The Fund's portfolio includes common stocks, real estate investment trusts and put options. The Fund makes significant investments in foreign securities and may invest up to 20% of its managed assets in securities issued by companies located in countries with emerging markets. The Fund invests in various industries, including aerospace/defense, agriculture, banks, beverages, building materials, chemicals, coal, diversified, diversified financial services, electric, entertainment, food, forest products and papers, hotels, insurance, lodging, media, miscellaneous manufacturing, oil and gas, pharmaceuticals, pipelines, real estate, retail, savings and loans, semiconductors, shopping centers, telecommunications and water. ING Investments, LLC serves as the investment advisor of the Fund. Its sub-advisor is ING Investment Management Advisors B.V., an indirect, wholly owned subsidiary of ING Groep N.V. ING Funds Services, LLC serves as the administrator of the Fund. Voya Global Equity Div & Prm Oppty Fund (NYSE:IGD) declared a monthly dividend on Tuesday, September 18th, Wall Street Journal reports. Shareholders of record on Tuesday, October 2nd will be given a dividend of 0.061 per share by the investment management company on Monday, October 15th. This represents a $0.73 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date of this dividend is Monday, October 1st. Best Small Cap Stocks To Watch Right Now: MGIC Investment Corporation(MTG)
Best Small Cap Stocks To Watch Right Now: Voya Global Equity Dividend and Premium Opportunity Fund(IGD)
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