NEW YORK, NY / ACCESSWIRE / June 2, 2017 / Major Indexes opened the month in the green Thursday as oil prices stabilized and private payrolls numbers came in better-than-expected. The Dow Jones Industrial Average rose 0.65 percent to close at 21,144.18, while the S&P 500 Index increased 0.76 percent to close at 2,430.06. Private payrolls grew by 253,000 in May, according to a report Thursday from ADP and Moody's Analytics. Consensus estimates called for an increase of 185,000, according to economists surveyed by Reuters.

"It was a very good, positive surprise. We've had a few negative surprises, so this is definitely against the current," said David Kelly, chief global strategist at JPMorgan Funds. "Overall, it says the economy is still moving along nicely."

RDI Initiates Coverage on:

Himax Technologies, Inc.
https://ub.rdinvesting.com/news/?ticker=HIMX

Fitbit Inc.
https://ub.rdinvesting.com/news/?ticker=FIT

Himax Technologies' shares spiked 10.50 percent to close at $7.58 a share on Thursday. The stock traded between $6.86 and $7.98 on volume of 12.29 million shares traded. The company reported net revenues were $155.2 million for the first quarter of 2017, a decrease of 23.7 when compared to the previous quarter, but in line with its guidance estimates. Himax has ramped up capital expenditures in the first quarter in preparation for its wafer-level optics (WLO) sensors. Shares of Himax Technologies have gained approximately 25.5 percent year-to-date.

"As announced previously, this year's CAPEX will be significantly higher than usual. In the last earnings call, we reported the urgent addition of new WLO capacity to meet the near term demands of certain customers. We are pleased to report that the project is going smoothly as planned. Major ramp of the new WLO capacity is scheduled to start from the third quarter of 2017," commented Mr. Jordan Wu, President and Chief Executive Officer of Himax.

Access RDI's Himax Technologies Research Report at:
https://ub.rdinvesting.com/news/?ticker=HIMX

Fitbit's shares jumped 6.50 percent to close at $5.57 a share on Thursday. The stock traded between $5.22 and $5.70 on volume of 11.90 million shares traded. A recent Fitbit study showed that Fitbit trackers that incorporate movement and cardiac sensors accurately track light, deep and REM sleep stages. Shares of Fitbit have fallen approximately 23.91 percent year-to-date.

"With our sleep tracking tools, Fitbit has transformed what people can learn about their sleep habits by taking the ability to track sleep stages out of a lab and putting it on the wrist," said Dr. Conor Heneghan, lead sleep research scientist at Fitbit. "The ability to easily track your sleep not only helps individuals better understand their own sleep, it also unlocks significant potential for us to better understand population health and gain new insights into the mysteries of sleep and its connection to a variety of health conditions."

Access RDI's Fitbit Research Report at:
https://ub.rdinvesting.com/news/?ticker=FIT

Our Actionable Research on Himax Technologies, Inc. (NASDAQ: HIMX) and Fitbit Inc. (NYSE: FIT) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com