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GoPro Stock Price Moving Today on New Partnership – Why We're Still Bearish

By , Associate Editor, Money Morning -

go pro

The GoPro stock price has plummeted over 69% over the last 12 months.

With poor earnings in Q4 2015 and a bleak outlook for Q1 2016, growth for the former technology innovator seems to be slowing down.

GoPro just formed a major partnership with the world's largest tournament-fishing organization, however, and some believe that this partnership will start to turn things around. Here's what you really need to know...

The Biggest Reason the GoPro Stock Price Will Keep Falling in 2016

By , Contributing Writer, Money Morning -

go pro stock

It's another terrible day for the GoPro stock price, as it's down more than 11% in intraday trading to an all-time low of $9.01.

The stock is falling after GoPro Inc. (Nasdaq: GPRO) reported a hefty loss in Q4 and low guidance for the rest of 2016.

And while those factors are sending the GoPro stock price lower today, there's an even bigger factor that will continue to pressure GPRO stock.

But first, here's a closer look at the terrible earnings figures...

Should I Buy GoPro Stock After Earnings?

By , Contributing Writer, Money Morning -

GoPro stock

GoPro stock is trading just above its all-time low today (Wednesday), opening at just $10.28 per share today. That's why many investors are contemplating buying into GoPro stock now that it is trading at such a "discount."

For the answer, we turned to Money Morning Chief Investment Strategist Keith Fitz-Gerald. He's a seasoned market analyst and professional trader with more than 30 years of global experience who has been following GoPro stock closely since the IPO.

But first, here's what to expect from the GoPro earnings report...

Why the GoPro Stock Price Has Further to Fall in 2016

By , Contributing Writer, Money Morning -

GoPro stock price

The GoPro stock price plunged more than 20% to an all-time low of $11.26 intraday Thursday and is now down more than 80% since mid-August. And the GoPro stock price drop doesn't look like it will end anytime soon.

After hours Wednesday, GoPro Inc. (Nasdaq: GPRO) provided a dismal earnings forecast and announced sharp job cuts...

Why You Still Shouldn't Buy GoPro Stock

By , Chief Investment Strategist, Money Map Report • @kfgtotalwealth -

GoPro stock prediction

Last Thursday, GoPro stock jumped 11.49% in a single session on rumors that Apple may buy the beleaguered tech darling, leading millions of investors to wonder if they should jump on the bandwagon, too.

In a word - nope. GoPro stock remains a risk you don't want or need in your portfolio ahead of a rate hike.

Here's what you want to buy instead...

Why Apple Buying GoPro Makes Sense

By , Associate Editor, Money Morning • @DavidGZeiler -

The idea of Apple buying GoPro becomes more compelling the longer you look at it. Here are just a few of the advantages AAPL would gain from buying GPRO.

An analyst's suggestion that Apple buying GoPro would fit the tech giant's strategic goals sent GPRO stock soaring 11.5% Thursday (yesterday).

It's a compelling idea, as Apple Inc. (Nasdaq: AAPL) certainly can afford a $2.5 billion to $3 billion deal to acquire GoPro Inc. (Nasdaq: GPRO).

But when you start to examine a possible Apple-GoPro deal more closely, it becomes clear just how much Apple could gain from it...

The GoPro Stock Price Rally Won't Last into 2016

By , Contributing Writer, Money Morning -

The GoPro stock price climbed nearly 12% on Thursday, and that has many investors bullish on the future for GoPro Inc. (Nasdaq: GPRO) stock.

But we don't see the GoPro stock price rally continuing into 2016. Here's why we're so bearish on GPRO...

Why the GoPro Stock Price Has Further to Fall (Nasdaq: GPRO)

By , Associate Editor, Money Morning • @KyleAndersonMM -

go pro

The GoPro stock price tanked another 8% in morning trading today (Friday), and the stock has now fallen more than 66% in the last two months.

GoPro Inc. (Nasdaq: GPRO) dipped to an all-time low of $20.77 per share today. GPRO is now down 13.5% from its IPO price of $24 from June 2014.

Here's why the stock will continue to fall from here...

Four Stocks to Short Today

By , Chief Investment Strategist, Money Map Report • @kfgtotalwealth -

stocks to short

Conventional wisdom is that "rising water raises all boats," but that's not always the case.

Despite October's market rebound, all four of the companies I told you were ripe for failure are down double digits since I brought them to your attention as stocks to short.

And these stocks still have plenty of downside ahead. Here's how to play the situation...

Why the GoPro Stock Price Dropped 17% This Week (Nasdaq: GPRO)

By , Associate Editor, Money Morning • @KyleAndersonMM -

GoPro stock price

The GoPro stock price was down another 2% in early trading this morning (Friday).

GoPro Inc. (Nasdaq: GPRO) stock has now dropped 16.7% from Wednesday's closing price after the company missed on top and bottom line estimates for Q3 earnings.

Here's just how bad GoPro earnings were...

Morgan Stanley Analysts Join Us on the GoPro Stock Bandwagon

By , Chief Investment Strategist, Money Map Report • @kfgtotalwealth -

Go pro

On Tuesday, Morgan Stanley analysts cut their target price for GoPro stock. Millions of investors were surprised, and the stock got shellacked.

GoPro is a worse value trap now than ever, and any investor who gets sucked in now is playing with fire.

I know the temptation is to buy, but hold your ground. The company has always been on the "cusp of something great," and it's never delivered.

At best, GoPro stock is worth $15 and, even then, probably only as an acquisition for a bigger player keen to absorb GoPro technology. Here's why...

Should I Buy GoPro Stock (Nasdaq: GPRO)?

By , Associate Editor, Money Morning • @KyleAndersonMM -

The GoPro stock price has fallen more than 51% since mid-June. For some stocks, such a plunge is actually a flashing "Buy" signal - shares trade at a bargain, and whatever drove the stock price down stops being a bearish factor.

So this means now many investors are asking us "should I buy GoPro stock?"

For the answer, we turned to Money Morning Chief Investment Strategist Keith Fitz-Gerald. He's a 34-year seasoned market analyst and professional trader with a specialty in global markets.

Here's his recommendation...

Why GoPro Stock Is Another Wall Street Darling to Short

By , Chief Investment Strategist, Money Map Report • @kfgtotalwealth -

GoPro stock prediction

GoPro Inc. (Nasdaq: GPRO) continues to defy the odds thanks to a litany of headlines and experts who just "know" the stock is going to rebound.

Call me crazy, but that's about as possible as FedEx painting its truck fleet brown. I think GoPro stock is worth $15 a share... at best.

Read More…

Bearish GoPro Stock Prediction Pushes Shares 8% Lower Today

By , Associate Editor, Money Morning • @KyleAndersonMM -

Stock market today

The GoPro Inc. (Nasdaq: GPRO) stock price was down another 8% in afternoon trading today (Monday) after a weekend edition of Barron's had a GoPro stock prediction of $25 per share.

GoPro stock is now down 48.1% since Aug. 1 and 52% in the last 12 months.

Here's why the GoPro stock price has farther to fall...

GoPro Earnings Smash Estimates – but Don't Buy GPRO Stock Now

By , Associate Editor, Money Morning • @KyleAndersonMM -

GoPro Earnings

The GoPro earnings report for Q4 2014 was released today (Thursday) and the camera company smashed estimates.

GoPro Inc. (Nasdaq: GPRO) reported earnings per share (EPS) of $0.99 on revenue of $633.9 million. Analysts had predicted EPS of $0.70 and revenue of $580 million.

While today's earnings report certainly looks bullish at first glance, GPRO stock is not a good investment according to Money Morning's experts.

In fact, it's facing a major problem that's only growing larger. And it's been weighing on the stock since October...

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