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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...

GoPro Stock Was Doomed Even Without Apple Patent (Nasdaq: GPRO)

By , Associate Editor, Money Morning • @DavidGZeiler -

GoPro camera stock

GoPro stock was a disaster waiting to happen, even before an Apple Inc. (Nasdaq: AAPL) patent for a remote control camera went public yesterday (Tuesday).

That's because despite its cool technology, GoPro Inc. (Nasdaq: GPRO) faced an array of threats. Money Morning has been warning investors about this company since last summer.

Here’s why GoPro is a no go…

GoPro (Nasdaq: GPRO) Stock's Most Important, Overlooked Number

By , Associate Editor, Money Morning • @KyleAndersonMM -

GPRO Stock

GoPro Inc. (Nasdaq: GPRO) stock jumped as much as 8% in afterhours trading today (Thursday) after the company reported earnings per share (EPS) of $0.12 for the third quarter. Analysts had been expecting EPS of $0.08.

As expected, GoPro's camera sales were strong and contributed to the earning's beat.

But as we've been saying at Money Morning since the GoPro IPO, the story with this company is not its camera sales.

There is another key figure that tells us more about this stock...

GoPro Earnings Report: GPRO Stock's Success Not Tied to Revenue, Sales

By , Associate Editor, Money Morning • @KyleAndersonMM -

GoPro Stock

GoPro Inc. (Nasdaq: GPRO) stock is under the microscope today (Thursday) as the company reports earnings after the bell.

Analysts are expecting earnings per share (EPS) of $0.08, on revenue of $263.5 million. Those numbers will move the stock tonight and tomorrow, but there's a much more important long-term factor to watch.

In fact, this part of the company's future plans will dictate GPRO stock's long term success...

GoPro Stock Price Is Tanking After Founders Find Trading "Loophole"

By , Associate Editor, Money Morning • @KyleAndersonMM -

GoPro Stock price

The GoPro stock price was down as much as 13.8% from yesterday's close this morning (Thursday), after news that the company's founders were granted permission to break the lock-up restriction on their shares.

Following an initial public offering, company insiders are contractually forbidden to sell shares for a certain period of time, known as a "lock-up period." The lock-up usually lasts between 90 and 180 days.

However, GoPro Inc. (Nasdaq: GPRO) founders Nick and Jill Woodman found a loophole that let them sell their shares early. Here's why, and how much, they cashed out...

GoPro Stock Price's 20% August Drop Is Only the Start

By , Associate Editor, Money Morning • @KyleAndersonMM -

GoPro stock price

Following its red-hot IPO in June, the GoPro stock price has dropped more than 20% in the month of August alone.

GoPro Inc. (Nasdaq: GPRO) priced its shares at $24 on June 24, and banked a first day gain of 30.6% the following day. GPRO stock soared 108% from its offer price in its fourth day of trading to a high of $49.90.

But according to Money Morning experts, that surge was unjustified.

In fact, a 20% drop may be just the start of problems for the GoPro stock price…

This "Pop" Stock Is One to Avoid

By , Chief Investment Strategist, Money Map Report -

GoPro stock

My friends were going camping recently and their bags looked like something from a space shuttle, with cords sticking out of nearly every pocket.

"What on earth have you got in there?" I asked.

A GoPro, chargers, mounting stands, waterproof containers... I tuned out the rest, to be honest.

Just like I tuned out GoPro's IPO, and will continue to ignore the stock for the foreseeable future.

It's simply not worth the investment. A trade, maybe, and only then if you're nimble and have great risk management discipline. Here's why...

Stock Market Trends: S&P 500 Loses July's Gain in One Day

By , Behavioral Trading Specialist, Money Morning -

stock market trends

Stock market trends today, August 1, 2014: U.S. markets plummeted Thursday in a broad decline. The DJIA shed 317 points in a heavy sell-off. The S&P 500 fell below its 50-day moving average, erasing all of July's gains as concerns across global markets hammered stocks. The Chicago Board Options Exchange Volatility Index (VIX) jumped more than 27% to an intraday high of 17.11, its highest level since April.

This morning (Friday), the dollar hit a 10-month high against other global currencies while stocks around the world slumped. However, the U.S. unemployment rate rose to 6.2% on news that the economy gained only 209,000 jobs - falling under economist estimates of 230,000 new jobs during July and an unemployment rate of 6.0%.

Here’s a roundup of the top stories affecting stock market news today, including stories from TSLA, GoPro, Whole Foods, the latest in the bond defaults, and more…

Why GoPro Stock (Nasdaq: GPRO) Is Falling – and How It Could Improve Its Future

By , Associate Editor, Money Morning • @KyleAndersonMM -

GoPro stock (Nasdaq: GPRO) was down as much as 7% in early trading today (Monday) falling to $36.10. At that price, GPRO stock has dipped almost 18% in its last five trading days.

Since hitting a high of $49.90 on July 1, GPRO stock has now dropped nearly 28% at today's low.

Here's why the stock is falling again today, and the key to its long-term success...

GoPro (Nasdaq: GPRO) Stock Finally Pulls Back – What's Ahead After 15% Dip

By , Associate Editor, Money Morning • @KyleAndersonMM -

GPRO stock

GoPro Inc. (Nasdaq: GPRO) stock dipped nearly 15% today (Wednesday) from yesterday's closing price when shares fell to $41.53 shortly after 10 a.m.

This was the first pullback for GPRO stock since the company's IPO last Thursday. Through GPRO's first four days of trading, the stock had soared 103% from its initial offer price of $24. Shares jumped to $49.90 yesterday before closing at $48.80.

While shareholders may be panicking, pullbacks following extremely profitable IPOs are common. Here’s why…

Dow Jones Industrial Average Today Hits Record High Near 17,000

By , Behavioral Trading Specialist, Money Morning -

Dow Jones Industrial Average

Dow Jones Industrial Average Today, July 1, 2014: flirted within two points of 17,000 on Tuesday, as transportation, technology, and small-cap stocks surged. The Nasdaq led the day by percentage gains, jumping more than 1.2%. The exchange's gains were fueled by Netflix, Inc.'s (Nasdaq: NFLX) gain of 6.5% after it received an upgrade from Goldman Sachs' analysts.

Here’s the scorecard from today’s trading session:

    Today's Markets
    DJIA 92.38 (0.36%) 25,827.36
    NASDAQ 53.00 (0.52%) 10,207.63
    S&P 14.15 (0.45%) 3,130.01