The Best Wearables Stocks of 2017
The wearables market is still rapidly growing, with research firm IDC expecting shipments to rise from 125.5 million this year to 240.1 million in 2021. However, it's also a highly competitive one, and "pure plays" like Fitbit (NYSE: FIT) and GoPro (NASDAQ: GPRO) have thoroughly disappointed the bulls.
Fitbit and GoPro have respectively fallen 7% and 9% this year, and both stocks trade at roughly a third of their IPO values. But other wearables makers have fared much better. Let's check out three standout performers: Garmin (NASDAQ: GRMN), Apple (NASDAQ: AAPL), and STMicroelectronics (NYSE: STM).
Image source: Getty Images.
Source: Fool.com
Garmin Ltd. Aktie
70,50 €
-0,70 %
