Garmin (NYSE: GRMN) stock has had a rough 2022 already, and shares caught additional pressure recently thanks to news out of Apple (NASDAQ: AAPL). The consumer tech giant already competes against some of Garmin's popular smartwatch devices, but that competition is hitting a new level. Apple announced a new addition to its smartwatch lineup that's aimed at sports enthusiasts and includes many of the navigation features that have been a staple of Garmin products, like its tactix adventure watch.
Yahoo Finance reporter Josh Schafer weighs in on streaming platforms gaining rights to air live sports games, including Friday's potentially historic Yankees game where Aaron Judge will attempt to break a home run record. Yankees legend Derek Jeter also comments on the shift to streaming.
Yahoo Finance tech editor Dan Howley breaks down the volatility in the tech sector and what's driving down stock prices for names like Apple and Amazon.