Health and fitness goes mobile: consider these rallying digital health stocks

Health and fitness goes mobile: consider these rallying digital health stocks

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Digital health was a $2 billion industry in 2013 and is expected to quadruple by 2018. Does that mean it's time to invest in digital health stocks?

They say an apple a day keeps the doctor away, but with the Healthbook app, Apple (AAPL) plans to bring the doctor straight to your hand. This week, 9to5Mac published images and details about the long-rumored software, which will be Apple’s first foray into health and fitness tracking. Healthbook reportedly monitors a wide array of vital stats, from nutrition, physical activity, and weight metrics to less commonplace data points like blood pressure, blood sugar, hydration, and oxygen saturation.

Health and fitness trackers have flourished with the growing prevalence of smartphones and tablets. A search for “health and fitness apps” on Google Trends reveals that queries including the term have been on an upward trend since January 2011.

Data Source: Google Trends (www.google.com/trends)

 

Apple even included a “Fitness Revolution” section in the App Trends portion of its “Best of 2013” roundup. Free apps ARGUS – Motion and Fitness Tracker, Calorie Counter & Diet Tracker, and Nike+ Move (NKE) were featured on the list alongside paid selections 7-Minute Workout (High Intensity Training), Moves, and Touchfit: George St-Pierre.

Android (GOOG) users are also big fans of health and fitness trackers, logging 76 million installs to date between the top ten apps in the category (excluding feminine health).
 

Top-10-Health-and-Fitness-Apps-on-Android-Installs-millions-_chartbuilder
 

Digital Health Craze

Apps are just one facet of digital health, which also includes advancements in wearable technology, such as Nike’s FuelBand, home sensors, and electronic medical records. The growing industry has caught the eye of many investors who are eager to gain a foothold in a market that Bloomberg writes is expected to reach $8 billion by 2018.

Last year, according to healthcare incubator Rock Health’s end-of-the-year report, venture capitalists invested $1.97 billion in digital health startups. In August, MyFitnessPal LLC received $18 million in funding from VC firms Accel Partners and Kleiner Perkins Caufield & Byers. MedCity News reports that Sharecare, a health and wellness platform from Dr. Mehmet Oz, received $68.2 million over the course of 2013, including an undisclosed amount from the Heritage Group.

Big tech is also getting in on the digital health action. Back in 2012,  Qualcomm (QCOM) created the Qualcomm Life Fund to provide financial backing to wireless health companies and startups. In 2012 the fund invested an undisclosed amount of money to AirStrip Technologies, a provider of mobile healthcare monitoring services to doctors.

The chipmaker is also sponsoring the Tricorder XPrize competition, which aims to foster the creation of a portable, handheld device that consumers can use to self-diagnose medical conditions.

Out in Kansas City, Sprint (S) is in the second week of its first-ever Mobile Health Accelerator. The three-month intensive, developed in partnership with Techstars, mentors 10 American and Australian startups working in the mobile health field. Entrepreneurs and experts in tech and healthcare provide guidance to the companies, and each startup will receive up to $120,000 in funding as a participant in the program.

Investing Ideas

Digital health is already a multi-billion dollar industry that’s poised to get even bigger. So we decided to look for investment opportunities amongst digital health stocks. We began by constructing a universe composed of stocks involved with app development, hardware production, and investing.

Next, we looked for stocks that are rallying above their 20-day, 50-day, and 200-day moving averages (MA), which indicates that these stocks have strong upward momentum. We then screened for stocks that have outperformed over the last quarter, with at least a 10% return, to isolate stocks that have been doing well.

We were left with three companies on our list.

The List

Click on the interactive chart to view data over time. 

Do you think involvement in digital health will help these companies continue to outperform the market? Use this list as a starting point for your own analysis.

 

1. Flextronics International Ltd. (FLEX, Earnings, Analysts, Financials): Provides design and electronics manufacturing services to original equipment manufacturers of a range of products in the infrastructure; mobile communication devices, computing, consumer digital devices, industrial, semiconductor capital equipment, clean technology, aerospace and defense, white goods, automotive and marine, and medical devices markets.

Market cap at $5.69B, most recent closing price at $9.37.

Performance over the last quarter at 27.14%.

The stock is currently rallying 2.79% above its 20-day MA, 10.57% above its 50-day MA, and 12.94% above its 200 day MA.

Apple supplier Flextronics launched its Lab IX accelerator program last year to help startups with functional prototypes produce their hardware on a mass scale. Lab IX is currently working with two digital health companies: Amiigo and Omsignal. Amiigo manufactures wristbands and shoeclips that monitor exercise and vital stats, while Omsignal creates biometric-tracking apparel.

 

2. Garmin Ltd. (GRMN, Earnings, Analysts, Financials): Operates as a holding company and through its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products worldwide.

Market cap at $10.63B, most recent closing price at $54.46.

Performance over the last quarter at 18.08%.

The stock is currently rallying 2.93% above its 20-day MA, 12.47% above its 50-day MA, and 25.72% above its 200 day MA.

Garmin’s newest product is the Vivofit Activity Tracker. The fitness band includes a heart rate monitor and tracks food intake, calories, exercise, sleep, and more. Users can log their physical activity on the newly redesigned, online Connect platform, or they can use the Connect app (available for Android and iOS).

 

 

3. Unitedhealth Group, Inc. (UNH, Earnings, Analysts, Financials): Provides healthcare services in the United States. Market cap at $79.72B, most recent closing price at $79.96.

Performance over the last quarter at 12.94%.

The stock is currently rallying 6.01% above its 20-day MA, 9.68% above its 50-day MA, and 14.21% above its 200 day MA.

UnitedHealthcare has strategic partnerships with three startups specializing in mobile health: CareSpeak Communications, Fitbit, and Lose It! The partnerships were first announced in January 2012. CareSpeak's mobile Health manager platform helps patients manage their health with their phones. Fitbit makes wearable devices that measure activity, sleep, and other stats. The company also offers a free app — available for both Android and iOS — for Fitbit wearers to track their metrics and meet their goals. Fitbit is also currently facing a class action lawsuit over irritation caused by its FitBit Force device. Lose It! is a free weight loss app for Android and iOS users that offers a premium version for $39.99 a year.

 

(List compiled by Mary-Lynn Cesar. Return data sourced from Zack's Investment Research. All other data sourced from Finviz.)

 

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57 responses to “Health and fitness goes mobile: consider these rallying digital health stocks”

  1. Ernest says:

    Nowadays teens were very articulate with fitness. Which is a good way. It's good to see these young adult having discipline in maintaining there body figures. This practice not only develop there physical aspects but their mentality as well. 🙂 Anyway nice job guys… just keep it up!

  2. millergoldpartners says:

    MILLER GOLD PARTNERS

    I am most fascinated with the idea that fitness clubs can become the corner pub or the youth center of the 21st Century, not just place to exercise but a community of people gathering together to unlock human potential and help each other achieve extraordinary mental, physical and emotional heights.

    When you look at new technologies such as exergaming, social fitness and fitness wearables it becomes clear that fitness is becoming an integrated part of people's lives.

    Jonathan Miller

  3. Hales says:

    In 2012 the fund invested an undisclosed amount of money to AirStrip Technologies, a provider of mobile healthcare monitoring services to doctors.

  4. Olivia says:

    Healthbook apparently screens a wide cluster of essential details, from nourishment, physical movement, and weight measurements to less typical information focuses like circulatory strain, glucose, hydration, and oxygen immersion. healthy smoothie recipes

  5. Great post.This is a very helpful for every people.Thanks for give us a good post.It's good to see these young adult having discipline in maintaining there body figures.Thanks again.

  6. Jim says:

    Very good post . Today we are very busy . We need something likeBest Fitness Band"if you have a website, link to it here" "post a new comment" . Thanks for the post .

  7. Smart way for people. In this modern world we are everybody so faster and busy for our own dream. So i think that advancement of technology like health with other technology take good news for us.

  8. thanks for awesome post

  9. Sports news says:

    Now a days technology is used in education. Basically it is the new step to use digital content in primary education. Digital content makes classes more lively .It gives more pleaser to the children.

  10. Vitamin deficiencies can cause a large array of problems for both children and adults.

  11. this modern age sometimes we do not have time to exercise and more concerned with gadgets

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  14. Jessica says:

    Healthbook supposedly screens a wide cluster of essential details, from nourishment, physical movement, and weight measurements to less ordinary information focuses like pulse, glucose, hydration, and oxygen immersion.

  15. Smart way for people. In this modern world we are everybody so faster and busy for our own dream. So i think that advancement of technology like health with other technology take good news for us.

  16. thanks for great post..

  17. By health and safety i assume you are talking about things you that ensure you and those around you do not get injured. In that respect, you should be aware of your surroundings. Make sure that you are not going to bump into anyone whilst they are doing an exercise. I have been unfortunate enough to have someone back into me while i was doing heavy squats. Fortunately he knocked me forwards and i was able to get the weight back onto the squat rack. He was standing behind behind me laughing and joking with his friends. If you are in the gym do not mess about.

  18. When you have finished doing an exercise, do not leave the weights on the floor where someone could trip over them. Always put the weights back in the racks provided. Do not shout, it can stop serious trainers concentrating on what they are doing.

  19. I am a qualified wellness/high-impact and exercise center teacher and passed different modules move and was independently employed for a year or two doing my own nearby classes.However heaving found I was hyper versatile in my feet and taking after an operation I HAD TO surrender that profession as I am no more capable because of the seriousness of damage in feet ligaments etc.I have been out of labor for a couple of years now concentrating intensely in respect to what I can do as my feet can no more do what i qualified in.

  20. You're going to abhor this answer, Katie, yet the best wellness application is your mind. You're presumably an understudy and the exact opposite thing you require in your life is more homework. Be that as it may, genuinely, the most imperative thing in your life (just about) is your well being and prosperity. Presently is an extraordinary time for you to begin finding out about your body and how to keep it fit as a fiddle.

  21. FitnesStep1 says:

    Exercising is important but keeping your mind calm and right is important too. And I am so happy to se how people and getting involved in exercising day by day.

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    davidbeckhamhairstyles.org, I am a qualified wellness/high-impact and exercise center teacher and passed different modules move and was independently employed for a year or two doing my own nearby classes.However heaving found I was hyper-versatile in my feet and taking after an operation I HAD TO surrender that profession as I am no more capable because of the seriousness of damage in feet ligaments etc.I have been out of labor for a couple of years now concentrating intensely in respect to what I can do as my feet can no more do what i qualified in.

  27. In 2012 the fund invested an undisclosed amount of money to AirStrip Technologies, a provider of mobile healthcare monitoring services to doctors.

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  39. Neal Dubey says:

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  46. citrus09 says:

    Nowadays there are many different apps available to health and fitness. These are very useful mobile apps!
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  47. FitnessCAW says:

    Soon mobile technology will be essential for human kind.

  48. Jim Sanders says:

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  49. Aanna says:

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  50. This post is very helpful for every people,fitness is other side of our success

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  52. Great post. Health care is now one of the most important subjects. This is a very helpful for every people.Thanks for give us a good post.It's good to see these young adult having discipline in maintaining their body figures. Excellent Blog, I like it please keep up the good work. Thanks again.

  53. Balli says:

    It is amazing how technology has come into our life from the health perspective. I have been reading about different Apps for Health on App Review website and using some of the app mentioned there. I have got good results already and will continue apps in future too.

  54. nice, good article. i appreciate your effort. i know exercise is important for us but your mind calmness is most important for us. thanks for sharing the information with us.

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