The GoPro Bounce: Can it Last?

After the close of trading on Wednesday, March 15, GoPro (Nasdaq: GPRO) surprised the market when it released its Q1 earnings results. The sport-camera maker hit its revenue target and earnings were on par with expectations, but really got the market excited was its announced plan to layoff 270 workers, and other cost cutting measures which would add a projected $200M to the company's bottom line. The updated forecast hit the high end of its previous guidance, and also said it would recovery profitability by the end of the year.

This was welcome news for a company whose stock has been in a steady downtrend for the better part of two years now. After hitting alltime highs in the mid-60s back in August of 2015, shares have been languishing under $10 per share since early November last year.


Is the drought over for now? investors certainly welcomed the news at Wednesday's earnings report, bidding shares up 10% in the after-market, and 14.3% during Thursday's trading. This enthusiasm may be short-lived, however. Despite the company's lofty goal of reaching profitability for 2017, the analysts consensus remains negative. Though it was raised slightly after the call, analysts still believe the company will be losing -0.69 per share this year, and -0.23 in 2018.

A key to the company's claims to legitimacy here is how efficient it can become with the loss of 270 employees. This makes for a total loss of 470 positions over the past three months (15% of its total workforce). Will those remaining on board be increasing their workload? How will this affect productivity? What skills are being sacrified and how will they be compensated for? These are quesitons which remain to be answered.

On a different note, while GoPro remains ...

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Intel the New Must-Own Stock for the Next Decade

Intel The New Must-Own Stock For The Next Decade

March 15, 2017 3:38pm

Intel Corporation (Nasdaq: INTC) has long been one of the top two or three must-own stocks among blue chip tech companies. It has been part of ...

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$ORIG Hammered: Is This a Buying Opportunity?

The stock price of Ocean Rig UDW, LLC (Nasdaq: ORIG), a deep-sea drilling outfit, has been on a roller coaster ride of late. The stock has really struggled, as have the stocks of all the companies in the space...largely ...

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Why This Smallcap Heavy Machinery Stock is a Strong Buy

Manitex International (MNTX) makes lifting and loading machinery (think small cranes, forklifts, bulldozers, etc.) and sells them throughout the world through a number of well known brands. All work is done in house. The company was found in Bridgeview, Illinois ...

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It's Time to Buy Biotech

Yes there is political risk in this very volatile and speculative, "risk-on" market space...but that is what makes this trade so intriguing. One tweet from newly elected President Trump last week caused a 12 point drop in the $IBB ...

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How to Make Money Going LONG in a BEAR MARKET

Yes, you can make money BUYING stocks in a BEAR Market. But you must understand the fundamental and technical dynamics that propel stocks higher even as most stocks are falling. In this short educational video, Dr. Stoxx (aka Dr. Thomas ...

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Buy Cobalt Energy (CIE)

Cobalt International Energy, Inc. operates as an oil and gas exploration and production company primarily in the deepwater U.S. Gulf of Mexico. The company holds interests in the North Platte, Shenandoah, Anchor, and Heidelberg fields located in the U ...

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How to Make $10B in Stocks the Templeton Way

How To Make $10B In Stocks Trading The Templeton Way

Dr. Thomas Carr

January 10, 2017

Sir John Templeton (1912 to 2008) was American born but lived in England where he established himself as a successful investor and pioneer in ...

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Why Bonanza Creek Energy (BCEI) is Rallying Today

Bonanza Creek Energy Inc. engages in the development and production of onshore oil and natural gas in the United States. The company's oil and liquids weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat ...

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Why Capstone Turbine (CPST) is a Buy

Capstone Turbine Corporation has been identified by our DrStoxx.com team as a strong buy for 2017. Capstone develops, manufactures, markets, and services microturbine technology solutions for use in power generation applications worldwide. The company's microturbines are also used ...

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Why the Market is Headed Lower from Here

Why The Market Is Headed Lower Still

Dr. Thomas Carr

| November 1, 2016 5:56pm

In this short video, Dr. Carr offers his analysis of the S&P 500 following Tuesday's sharp selloff. He has detected a rare but very ...

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Why the Market is Headed Lower - and 1 Stock to Buy

The S&P500 has been in a very unusual trading range in recent weeks, even months. We have to go all the way back to 1929 to find such an extended period of tight range action within 3% of all time ...

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