I swear ya'll have no faith and no idea what ya'll are talking about. Maybe, just maybe everything is on track.
Fossil gets an upgrade -
Fossil Group climbed 8% after receiving an upgrade from analysts at KeyBanc Capital Markets. The analyst company hinged its positive call on the watchmaker on Fossil's initiatives to continue building up its presence in the market for wearable devices. The upgrade, which took Fossil from underweight to overweight, asserts that Fossil is ready to turn around what has been a long period of falling earnings, and early reports suggest that some of its higher-end wearable devices are satisfying shoppers. Given how much the stock has suffered, many believe that Fossil has great turnaround potential if it can find a way to tap into its brand value more effectively. Wearables might be exactly that opportunity going forward.