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Stock Market & Financial Investment News

News Breaks
July 15, 2014
07:00 EDTGPROGoPro initiated with an Outperform at JMP Securities
JMP Securities started shares of GoPro with an Outperform rating saying it views the brand as a "highly leveragable asset." It estimates the company is pursuing a greater than $70B total addressable market across cameras and wearables, channel advertising, and other accessory and multimedia content opportunities. The set a $60 price target for shares.
News For GPRO From The Last 14 Days
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September 12, 2014
11:51 EDTGPROStocks with call strike movement; PBR GPRO
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06:04 EDTGPROGoPro implied volatility of 116 at upper end of index mean range
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September 11, 2014
11:29 EDTGPROOptions with increasing implied volatility
Options with increasing implied volatility: VNET AVNR GPRO RAX FTR JDSU PSEC APD SYY GGP
10:58 EDTGPRO GoPro September puts active as shares at record high
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08:02 EDTGPROGoPro price target raised to $70 from $42 at Citigroup
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06:01 EDTGPROGoPro implied volatility of 123 at upper end of index mean range
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September 8, 2014
12:50 EDTGPROGoPro Septemnrt weekly volatility elevated as shares at record high
GoPro September weekly call option implied volatility is at 84, September is at 70, October is at 53, January is at 40; compared to its 9-week average of 56 according to Track Data, suggesting large near term price movement.
11:29 EDTGPROStocks with call strike movement; GPRO YHOO
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10:06 EDTGPROOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AIG (AIG) initiated with a Buy at Citigroup... Agilent (A) initiated with an Equal Weight at Morgan Stanley... Altisource Residential (RESI) initiated with a Neutral at JPMorgan... AngloGold (AU) initiated with an Overweight at JPMorgan... Arista Networks (ANET) initiated with an Outperform at FBN Securities... C1 Financial (BNK) initiated with a Buy at Wunderlich... Cherokee (CHKE) initiated with a Buy at Roth Capital... ContraFect (CFRXU) initiated with a Buy at Maxim... DRDGOLD (DRD) initiated with an Underweight at JPMorgan... Enable Midstream (ENBL) initiated with an Equal Weight at Morgan Stanley... Enservco (ENSV) initiated with an Outperform at Northland... GoPro (GPRO) initiated with an Outperform at FBN Securities... Gold Fields (GFI) initiated with an Overweight at JPMorgan... Gulfport Energy (GPOR) initiated with an Equal Weight at Morgan Stanley... Harmony Gold (HMY) initiated with a Neutral at JPMorgan... Illumina (ILMN) initiated with an Equal Weight at Morgan Stanley... LINN Energy (LINE) reinstated with an Outperform at Credit Suisse... LinnCo (LNCO) reinstated with an Outperform at Credit Suisse... Randgold (GOLD) initiated with a Neutral at JPMorgan... Rentrak (RENT) initiated with a Buy at Needham... Rice Energy (RICE) initiated with an Accumulate at KLR Group... SanDisk (SNDK) initiated with an Outperform at FBN Securities... Seadrill (SDRL) initiated with a Sell at Canaccord... Tesla (TSLA) initiated with an Outperform at FBN Securities... Thermo Fisher (TMO) initiated with an Overweight at Morgan Stanley... Waters (WAT) initiated with an Underweight at Morgan Stanley... Whiting Petroleum (WLL) initiated with an Equal Weight at Morgan Stanley.
08:08 EDTGPROGoPro initiated with an Outperform at FBN Securities
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06:07 EDTGPROGoPro implied volatility of 97 at upper end of index mean range
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September 5, 2014
10:05 EDTGPROGoPro climbs after supplier results beat expectations
Shares of GoPro (GPRO) are climbing after Ambarella (AMBA), which provides chips for processing video, reported stronger than expected results last night. GoPro develops mountable and wearable cameras. WHAT'S NEW: Ambarella reported second quarter earnings per share of 37c, versus analysts' consensus estimate of 28c. The company's revenue came in at $47M, compared with the consensus outlook of $44.67M. "We are delighted with our second quarter financial results," said Ambarella CEO Fermi Wang "We achieved revenue of $47M reflecting the success of our HD and Ultra-HD camera solutions in the expanding IP security camera, UAV and wearable sports camera markets," Wang added. ANALYST REACTION: Ambarella's results indicate that GoPro's near-term trends are tracking at least in-line with its guidance, wrote Piper Jaffray analyst Sean Naughton in a note to investors today. The analyst, who noted that Ambarella is a key GoPro supplier, raised his price target on GoPro to $60 from $48 and kept an Overweight rating on the shares. PRICE ACTION: In early trading, GoPro rose 3% to $54.50, while Ambarella jumped 8% to $39.
07:19 EDTGPROGoPro price target raised to $60 from $48 at Piper Jaffray
Piper Jaffray raised its price target for GoPro (GPRO) shares to $60 saying it remains positive on the company's near- and long-term outlook. Piper believes GoPro's near-term trends are tracking at least in-line with guidance following yesterday's strong results by supplier Ambarella (AMBA). The firm recommends using any weakness in the stock as a buying opportunity and keeps an Overweight rating on the name.
September 4, 2014
14:19 EDTGPROGoPro slides following downgrade, levels to watch
Shares are down over 5% at time of writing at $54. At that price, next support is at $53.23, the low of the day, and then at $52.19. Resistance is at $55.52. JPMorgan downgraded the shares earlier today to Neutral with a $51 price target.
10:29 EDTGPROOn The Fly: Analyst Downgrade Summary
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10:00 EDTGPROGoPro slips after JPMorgan cuts rating citing valuation
Shares of GoPro (GPRO) are falling after JPMorgan downgraded the stock to Neutral from Overweight based on valuation concerns. GoPro develops mountable and wearable cameras. WHAT'S NEW: GoPro has risen 137% from its IPO price of $24 and the stock should not be bought at current levels, JPMorgan analyst Paul Coster wrote in a note to investors. However, the analyst continues to believe that GoPro remains dominant in the action camera sector and he says that it could launch new cameras ahead of the holiday season. Consequently, Coster does not recommend that investors sell shares of the stock, as he believes that the shares are as likely to go up as they are to go down. He kept a $51 price target on the stock. WHAT'S NOTABLE: Coster believes that GoPro's stock may have risen recently partly on speculation that the company could benefit from the growing push for police officers to use wearable cameras. After speaking with GoPro's CFO, however, the analyst thinks that GoPro's opportunity in this area is "quite modest." A number of other companies that provide cameras and related services to police forces have moved higher in recent trading, including Digital Ally (DGLY) and TASER (TASR). PRICE ACTION: In early trading, GoPro fell $1.10, or 2%, to $55.76.
09:06 EDTGPROOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PVH Corp. (PVH), up 9%... Verifone (PAY), up 3.8%... Methode Electronics (MEI), up 13%... Bazaarvoice (BV), up 9%. ALSO HIGHER: Bolt Technology (BOLT), up 35.7% after Teledyne (TDY) agrees to acquire the company for $22 per share in cash... Mitek Systems (MITK), up 58% after USAA lawsuit settlement... Tibco Software (TIBX), up 7% after announcing that it is reviewing strategic alternatives... Stereotaxis (STXS), up 22% after receiving FDA clearance for Vdrive with V-Loop system... NewLink (NLNK), up 3.4% after reporting FDA approval for Phase 1 clinical studies of Ebola vaccine. DOWN AFTER EARNINGS: Ciena (CIEN), down 3%... Joy Global (JOY), down 1%... Matrix Service (MTRX), down 11%... Mobileye (MBLY), down 1.3%. ALSO LOWER: Yum! Brands (YUM), down 2.8% after updating third quarter China division same-store sales guidance... 3D Systems (DDD), down 2.9% after downgraded at Pacific Crest... GoPro (GPRO), down 3.5% after downgraded at JPMorgan... Shanda Games (GAME), down 4% after announcing reconstitution of special committee.
06:19 EDTGPROGoPro downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded GoPro to Neutral citing valuation following the recent rally in shares. The firm has a $51 price target for the stock, which closed yesterday up 5% to $56.86.
September 3, 2014
12:19 EDTGPROOptions with increasing implied volatility
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September 2, 2014
09:19 EDTGPROGoPro volatility at historic low as shares at record high
GoPro overall option implied volatility of 41 is below its 26-week average of 56 according to Track Data, suggesting decreasing price risk.
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