3 Underdog Stocks We're Watching -- The Motley Fool

3 Underdog Stocks We're Watching -- The Motley Fool

They're down, but they're not out. Timothy Green, Travis Hoium, and Daniel Miller Feb 9, 2017 at 11:16AM Some of the best values in the market are stocks that have been beaten down to the point where almost no one seems to be bullish. That's not universally true, of course, but successful comebacks can lead to massive gains. Here's why Fitbit ( NYSE:FIT ), Plug Power ( NASDAQ:PLUG ), and General Motors ( NYSE:GM ) are three underdog stocks to keep an eye on. A fall from grace Tim Green (Fitbit): Fitness wearables company Fitbit had a bad holiday season, and its guidance for 2017 represents just about the worst-case scenario. The company won't report its full results until later this month, but its preliminary figures paint a troubling picture. Holiday-quarter sales fell well short of guidance, and Fitbit expects sales to plummet by as much as 30% this year. Fitbit posted a net loss during the fourth quarter, and it expects to be unprofitable in 2017 as well.

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