Sometimes, the most upside exists in a stock when the market completely gives up on the company. Such a scenario is occurring with Fitbit (FIT) as the stock crashes to new lows near $3. The company provided weak guidance that doesn't alter the bullish investment thesis one bit. The company has several catalysts in the health and wellness sector ahead for the rest of this year.
Story Stock
Fitbit remains a story stock built on the company turning fitness trackers and smartwatches into medical devices. The quarter-to-quarter results of the company aren't as