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MarketFoolery

The Dead Cat Bounce

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 28 December 2016

⏱️ 30 minutes

🧾️ Download transcript

Summary

Fitbit’s stock rises after its app hits #1 in the iTunes store. Fool Funds analyst Bill Barker discusses how meaningful one data point is for Fitbit and what 2017 could look like for the company. We also analyze Amazon’s Echo sales, potential brand names for a Lululemon men’s segment, the underrated career of Carrie Fisher, and Bill’s upcoming trip to New Zealand and Australia!

Transcript

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0:00.0

It's Wednesday, December 28th, welcoming market foolery.

0:05.0

I'm Chris Hill joining me in studio today for Motley Full Funds, Bill Parker.

0:09.4

How you doing?

0:10.4

I'm well.

0:11.4

We're getting down to the end of the year. I don't know if you noticed.

0:14.0

I've heard rumors and I believe the last time you were in the studio the prospect of Dow

0:19.2

20,000 was out there and here we are days later still out there still out there

0:24.1

still hasn't happened yet gonna happen one of these days.

0:27.1

You know what? If the time frame is one of these days, I'm confident. I'll make that call.

0:36.4

I'll make that bold prediction. Sure, it's hitting 20,000 at some point.

0:41.6

In the meantime, we're going to dip it in the full mail bag. Let's start

0:45.8

though with what happened yesterday with Fitbit shares up 8% on the news that the

0:52.1

Fitbit app shot to number one in the iTunes store as the most

0:56.3

downloaded free app.

0:59.1

The Amazon Echo app was number four, this having a bigger effect on Fitbit stock than Amazon's.

1:06.0

But this, we were talking a little bit about this earlier today because some people are

1:11.5

out there saying, well this doesn't really mean all that much.

1:14.0

Because if you're going to compare something like Fitbit, the device to the Apple Watch,

1:20.0

well there's no point of comparison with the Apple Watch because you don't have to go to the iTunes

1:23.5

store and download a separate app. It's all set and ready to go. But, I mean, it means something. It has to mean something.

1:32.3

Well, it, let's categorize it as a dead cat bounce for the moment.

1:37.0

And I mean, Fitbit is trading at an all-time low.

...

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