Why Garmin Stock Soared in July and Is at an All-Time High
Garmin is up over 50% this year, and it's got a bright future.
Overview
Garmin (NYSE: GRMN) makes many popular devices for runners, boaters, pilots, hunters, and bikers, and its stock is getting popular too. The maker of wearable smartwatches and wireless GPS devices announced another stellar quarter in July, sending shares soaring.
The stock is now up 53% this year, after jumping 23.7% in July, according to data provided by S&P Global Market Intelligence. Management raised guidance for the year after a strong second quarter. The company is firing on all cylinders, and the stock is even cheaper than it looks. Here's why.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.