GPRO - GoPro, Inc.
4.1000 +0.09 (2.24%)
Pre-Market: 5:11AM EDT
| Previous Close | 3.9800 |
| Open | 3.9600 |
| Bid | 0.0000 x 28000 |
| Ask | 4.1000 x 29200 |
| Day's Range | 3.9300 - 4.0400 |
| 52 Week Range | 3.9100 - 7.6450 |
| Volume | 3,485,650 |
| Avg. Volume | 3,991,369 |
| Market Cap | 618.021M |
| Beta (3Y Monthly) | 0.13 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.2190 |
| Earnings Date | Oct 30, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 6.75 |
- TechCrunch
Motorola has GoPro aspirations for its latest budget handset
At the end of the day, I’m not sure how large a market there is for a budget “action camera” phone, but in a world of samey electronics, at least the Lenovo-owned brand continues to shade in interesting corners. Honestly, I’m surprised more phones didn’t attempt to position themselves as action devices in the heyday of the GoPro. For most consumers, that trend has largely blown over, and for GoPro itself, it’s become tough to compete with cheap knockoffs and the recent entrance of DJI into the market.
- Motley Fool
Investors Are Missing the Boat on GoPro
This is a stock that investors shouldn't be so down on.
- InvestorPlace
The 10 Biggest Losers from Q2 Earnings
Second-quarter earnings generally were strong. 75% of S&P 500 components, according to Factset Research, posted a positive bottom-line surprise for the quarter. But several stocks in the market -- among them Uber (NYSE:UBER) stock -- fell sharply after weak earnings reports that made them, in many investors' eyes, stocks to sell. * 10 Stocks Under $5 to Buy for Fall These 10 stocks all tumbled after second quarter releases. In some cases, those declines have led to attractive, if high-risk, bull cases. For others, the sell-offs seem like signals of more trouble ahead. In all cases, however, earnings reports mattered -- and will likely color the stories going forward.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Uber (UBER)Source: Shutterstock To be fair, Uber didn't have a terrible quarter. Revenue, adjusted for a one-time driver bonus related to the company's IPO, still increased 26% year-over-year in Q2. And while UBER stock did fall almost 7% the day after earnings, it had gained over 8% the day of the after-close report, thanks to an earnings beat from rival Lyft (NASDAQ:LYFT).That said, UBER stock continued to decline in the following days, losing 21% of its value in just four sessions. That's over $16 billion in lost market value in less than a week. That's almost certainly the biggest loss on an absolute basis in the market this earnings season. UBER now trades at an all-time low, though admittedly it has only been public for just over three months.It's not at all clear that the decline is a buying opportunity. Uber remains unprofitable: its Adjusted EBITDA loss more than doubled year-over-year. UBER stock isn't cheap on a revenue basis, either. Its market capitalization remains over $56 billion, despite the fact that there are real long-term questions about the company's business model.In recent years, we have seen 'hot' IPOs tumble sharply: both Facebook (NASDAQ:FB) and Snap (NYSE:SNAP) come to mind. At least at the moment, UBER stock looks like it could follow that trend. Given that both of those stocks dropped more than 50% from their IPO price, UBER could have further downside ahead. 2U (TWOU)Source: Shutterstock Only one company saw a bigger post-earnings decline, on a percentage basis, then educational technology provider 2U (NASDAQ:TWOU). TWOU shares fell a stunning 65% in a single session the day after its second-quarter earnings report. That decline was topped only by Sanchez Midstream Partners LP (NYSEAMERICAN:SNMP), which dropped 69% and filed for bankruptcy less than a week later.Some investors saw the decline as an overreaction: TWOU shares have bounced 22% since. But there are real risks here.TWOU's guidance badly missed Street estimates on the bottom line -- and the company now is slowing its revenue growth as it focuses on controlling spending. One analyst called the report a "breaking of the company's model." And it's not like TWOU was soaring heading into the release. In fact, the stock posted a one-day drop of 25% after the Q1 release in May, and headed into second quarter earnings down almost 60% from its 52-week high. * 15 Growth Stocks to Buy for the Long Haul That said, for intrepid investors, there's a case to try and time the bottom. TWOU now trades at just 2x revenue. Its role in online education should drive some growth going forward, even if it will lag the 39% year-over-year increased posted in Q2. After the last two quarters, it would take a lot of gumption to own 2U stock into another earnings report. But perhaps, at least, TWOU can't perform much worse next time around. Kraft Heinz (KHC)Source: Shutterstock The disastrous run continued for Kraft Heinz (NASDAQ:KHC) in the second quarter. KHC shares fell 8.6% after earnings and tacked on another 6.1% decline the following day. KHC trades at an all-time low, and from both a short- and long-term standpoint, it's not difficult to see why.Q2 was yet another disappointing quarter. Sales declined 1.5% year-over-year on an organic basis, including a nearly 2% drop in the U.S. Adjusted EBITDA fell 19%; adjusted EPS dropped 23%. And those numbers are a reflection of a longer-term strategy that simply isn't working.3G Capital, with the help of Warren Buffett's Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B), put Kraft and Heinz together, while planning to follow 3G's "zero-based budgeting" strategy. That strategy instead has starved Kraft Heinz brands of needed marketing and innovation spend, leading the company to underperform in an already-difficult consumer packaged goods space.There's a case to bet on a turnaround here. I made such a case at the beginning of the year, and many hedge funds have been buyers of late. But KHC's new CEO seemed to suggest no improvements were on the way any time soon -- and the crushing debt load created (in part) by the merger can continue to weigh on the equity here. It may seem incredible, but bond markets now reflect a not-insignificant chance that KHC stock goes to zero. Any investor buying KHC for a turnaround -- or its dividend -- should keep that in mind. GoPro (GPRO)Source: Shutterstock In recent years, investors have fled hardware manufacturers like GoPro (NASDAQ:GPRO). Second quarter earnings reports across the group prove why -- and will make it very difficult for the market to trust the sector any time soon.For GoPro, Q2 numbers weren't that bad. Revenue actually increased roughly 3% year-over-year, though the Street was looking for growth almost double that. Management forecast a strong second half and sounded an optimistic tone toward next year. Meanwhile, the midpoint of EPS guidance suggests GPRO stock trades at a roughly 10x P/E multiple.But investors weren't buying it -- literally. GPRO shares fell 13% after earnings. They're now just shy of an all-time low reached in December. And as I wrote last month, the short case here still seems to hold. GoPro has the action camera market mostly to itself; the problem is that the market simply isn't growing. Execution hasn't been great, and margins are somewhat thin. * 7 Safe Dividend Stocks for Investors to Buy Right Now And at a certain point, investors are going to tire of bidding GPRO up on hopes of a turnaround -- only for the company to disappoint and re-test the lows. In fact, it's likely that most investors already have. Fitbit (FIT)Source: Shutterstock There are more than a few parallels between Fitbit (NYSE:FIT) and GoPro. Both stocks soared after their IPOs (though GPRO stock saw a much bigger bounce), only to reverse to steep and almost uninterrupted declines. The two companies have been undertaking various turnaround strategies -- new products, cost-cutting, etc. -- for years now, none of which really has taken hold. And both firms are looking to subscription revenue as a way to offset the margin pressure on hardware sales.Fitbit, however, has it worse at the moment, in a number of ways. Its stock isn't just challenging an all-time low: it closed at one on Wednesday. FIT dropped 21% following earnings, against the 13% decline in GPRO, after the Q2 release came with a full-year guidance cut. And unlike GoPro, Fitbit isn't a market leader anymore: Apple (NASDAQ:AAPL) clearly has taken the smartwatch crown, with Garmin (NASDAQ:GRMN) also a legitimate player.For GPRO, there is at least is a case that the stock is cheap enough that even some growth can, at some point, drive the stock higher. FIT stock doesn't even have that case. The company does have a ton of cash: some $565 million (including marketable securities) at the end of the second quarter, against a market capitalization below $800 million. But it's also burning some of that cash, with even Adjusted EBITDA guided to a loss for the full year.Given market share erosion, it's hard to see how that reverses. The same is true of Fitbit stock. Arlo Technologies (ARLO)Source: Shutterstock For IP camera manufacturer Arlo Technologies (NYSE:ARLO), GPRO and FIT should have served as cautionary tales. ARLO stock has somewhat followed the same trend as its hardware peers, but the gains were smaller and the declines came much sooner.ARLO now has fallen 82% from its IPO price a little over a year after it debuted on the public markets. That includes an 18% decline after second quarter earnings earlier this month.It could get worse. Given that Arlo was spun off from NETGEAR (NASDAQ:NTGR) on the last day of 2018, it likely can't sell itself before 2021 without creating an enormous tax liability. But the company, at this point, may not be able to survive on its own. It's guiding for an adjusted operating loss in the range of $100 million this year. If that guidance is hit, Arlo will end the year with roughly $100 million in cash.In other words, performance needs to get better -- and quickly -- or else solvency becomes a real concern next year. But sales are declining as is and even that full-year guidance looks at risk. Arlo needs a huge Q4 just to hit its full year outlook -- and must then keep that momentum going into 2020. * 7 Stocks Under $7 to Invest in Now That might be difficult. Competition remains intense. Arlo still is discounting heavily: adjusted gross margin is guided to just 9-12% in the third quarter. The company is relying on the launch of its Ultra 4K camera and a video doorbell to drive sales growth -- but it has basically zero room for error. Arlo needs a huge holiday season this year, or the stock might be at zero before the next one. Groupon (GRPN)Source: Shutterstock It's not just hardware companies that turn into busted IPOs. Groupon (NASDAQ:GRPN) doesn't sell physical products, but it feels a bit like those hardware stocks.GRPN, too, is testing an all-time low after a disappointing earnings report undercut turnaround hopes. It is looking for subscription revenue with the launch of its Groupon Select offering.Groupon at least is profitable -- and has a fortress balance sheet, with almost $400 million in cash net of debt. But revenue is declining, and cost-cutting opportunities likely limited at this point. And the broad problem that I highlighted in April remains. This isn't really a 'tech' company -- not with some 2,000 salespeople on staff. The business model runs through the Internet, but it's not a high-margin platform story like Match Group (NASDAQ:MTCH) or Etsy (NASDAQ:ETSY).Instead, it's a tough, low-margin, labor-intensive business with high customer turnover. It's a business that simply hasn't been able to drive consistent growth. Until that changes, GRPN stock is going to stay cheap. Align Technology (ALGN)Source: Shutterstock A year ago, Align Technology (NASDAQ:ALGN) could do no wrong. Shares of the Invisalign manufacturer were soaring in a hot market. Valuation was a concern, admittedly. But ALGN stock seemed like the kind of stock where investors would keep paying up for its growth.A jittery market ended the rally at the beginning of October. Soft Q4 guidance given with Q3 earnings later that month sent ALGN tumbling. The stock lost more than half its value in the fourth quarter alone. But a new year led to a new rally: by early May, Align Technology stock had risen 58% in 2019.Those gains now are gone. ALGN has fallen 47% and has reversed to a 16% loss for this year. Once again, it was weak guidance that tripped up the stock, as the company cited a slowdown in growth in China and choppy performance among teens in the U.S.ALGN is tempting on the decline. This still seems to be a wonderful business model. Growth should continue, particularly in developing markets. Management remained confident after Q2 that revenue in China would rebound. And while competition is a risk, Align seems the leader in clear aligners -- which should take more share from traditional braces over time. * 7 Stocks to Buy With Over 20% Upside From Current Levels The one catch is that the stock simply isn't that cheap yet. ALGN still trades at 27x 2020 consensus EPS. With fears about the Chinese economy dominating the market, and a "falling knife" stock chart, even investors intrigued by the stock might do well to show some patience. Farfetch (FTCH)Source: nikkimeel / Shutterstock.com There are two common drivers of big downward moves. A company can miss earnings expectations -- or it can make an acquisition with which investors disagree. Luxury marketplace Farfetch (NYSE:FTCH) did both this month -- and its shares declined 44% as a result.The company is spending $675 million to acquire New Guards Group, a so-called "brand platform" that has launched luxury labels. That buy was announced the same day as Q2 results and lowered full-year guidance for GMV (gross merchandise value). So disappointing was Farfetch's outlook that RealReal Inc (NASDAQ:REAL), a used luxury good marketplace, fell 23% in sympathy.FTCH shares have managed to hold a bottom since, however, even in a market seemingly primed to punish luxury sellers. And there's a case that investors can buy an attractive growth story at a much cheaper price. Oppenheimer still sees a clean double. FTCH stock now trades at a more attractive ~4x multiple to 2020 revenue estimates. And the New Guards acquisition is a part of a strategy for Farfetch to develop and sell its own products, in addition to those of other boutiques.In a market where growth stocks still aren't cheap, or close, FTCH looks at least reasonably valued by comparison. And if management's strategy is on point, the post-Q2 declines in retrospect will look like a massive buying opportunity. DXC Technology (DXC)Source: Shutterstock There may not be a better stock for contrarian investors right now than DXC Technology (NASDAQ:DXC), the result of a merger of Computer Sciences Corporation with assets from Hewlett Packard Enterprise (NYSE:HPE).DXC shares are down roughly two-thirds from all-time highs reached in September. The stock trades at less than five times the low end of updated 2019 adjusted EPS guidance -- and barely four times the high end. There are worries, notably in the consulting business. But a sharp sell-off of late, including a 30% one-day decline after second quarter earnings, seems like an overreaction.That said, investors do need to be careful. Selling pressure hasn't let up yet, though weaker broad markets are a factor. DXC does have a decent amount of debt: almost $10 billion against a market capitalization now just above $12 billion. DXC is cheap relative to guidance, but that guidance was cut sharply after the second quarter and could see another reduction before the year is out. Contrarian investing in this market has been difficult, if not dangerous.Still, a sub-5x P/E multiple is attractive. There should be room for cost cuts going forward. Investors need to understand just what they're getting into -- but it's hard to find much in the way of cheaper stocks than DXC.As of this writing, Vince Martin is long shares of NETGEAR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post The 10 Biggest Losers from Q2 Earnings appeared first on InvestorPlace.
- Zacks
Bleak Near-Term Outlook for Audio Video Production Industry
Bleak Near-Term Outlook for Audio Video Production Industry
- Barrons.com
GoPro Stock Gets a Large Investor as Shares Have Taken a Summer Slide
GoPro stock has tumbled from its high this year, but one hedge fund announced it has acquired a large stake in the maker of action cameras.
- TipRanks
When Will GoPro (GPRO) Stock Hit Bottom?
What goes up, must come down. At least that’s the case with GoPro (GPRO) stock. Shares of the action-camera company skyrocketed out of the gate, rising as high as 73% between January and May. But today is the opposite story, with the stock plummeting over 40% since May. The company’s recent earnings — released last week — forced shares down 13%, to its lowest point since January. With the recent drop in GoPro's stock price, 3-star Wedbush analyst Michael Pachter is maintaining his Neutral rating and lowering his price target by $0.50, to $5.50. (To watch Pachter's track record, click here) GoPro’s second quarter report showed that revenue and profit increased since last year, but missed estimates. While analysts were expecting revenue of $302 million, the company came about $10 million short, with EPS missing by a penny. The company did raise guidance, but lack of specifics didn’t bode well with investors. Overall, Pachter says that GoPros’s second quarter results were “underwhelming.” The analyst thinks the company’s “turnaround to profitability is well underway in 2019,” but is still “reluctant to recommend shares ahead of GoPro’s next upgrade cycle this fall.” Pachter wants to see management "demonstrate that GoPro is a growth company,” before he makes a move. With the guidance raise, many are expecting GoPro to launch new products, including Pachter. The analyst expects this year’s new fall lineup to include one entry-level low-priced model with an innovative high-end upgrade piece, as well as a new spherical camera. But to the delight of the analyst, GoPro is not releasing a drone. Pachter believes that GoPro is “well-positioned to re-enter” the drone market, but thinks it is wise to stay out of it right now. One of the biggest factors on investors minds is profit. GoPro has shown two consecutive quarters, which has contributed to an improved “investor perception of management’s ability to drive the company back to profitability.” But Pachter thinks the big question is whether or not management can lead “sustainable growth,” with its products and subscription offerings. Amid the question marks, Pachter is lowering his 2019 estimates for revenue and profit.All in all, GoPro has been here before. Last year, shares also plummeted 43%, between November and December, before ultimately climbing out of its hole and rising to one of the highest levels in recent years. TipRanks analysis of four analysts shows that the optimism isn’t dead (it just isn’t alive, either). Analysts are offering a consensus "Hold" rating on shares of GoPro, with one analyst suggesting Buy, two recommending Hold and one advises Sell. The average price target among these analysts stands at $6.88, which represents ~56% upside from current levels. (See GPRO’s price targets and analyst ratings on TipRanks)
- Motley Fool
Where Will GoPro Be in 1 Year?
Achieving sustained profitability could be harder than it seems.
Motley FoolGoPro Inc (GPRO) Q2 2019 Earnings Call Transcript
GPRO earnings call for the period ending June 30, 2019.
- Thomson Reuters StreetEvents
Edited Transcript of GPRO earnings conference call or presentation 1-Aug-19 9:00pm GMT
Q2 2019 GoPro Inc Earnings Call
- Motley Fool
Why GoPro Stock Dropped Today
The action-camera maker is counting on a strong second half to meet its goals.
- Zacks
GoPro (GPRO) Misses Earnings and Revenue Estimates in Q2
Healthy sell-through momentum, channel inventory levels and strength of new products drive GoPro's (GPRO) second-quarter financial performance.
- Market Realist
GoPro Stock Falls in the Wake of Its Q2 Results
GoPro (GPRO) stock fell over 12.0% in early market trading today. It announced its second-quarter earnings results on August 1.
- Barrons.com
GoPro Feels Good About the Rest of the Year. Investors Aren’t So Sure.
GoPro stock (GPRO), up 18% in 2019 through Thursday’s close, was down 14% to $4.32, with an intraday low of $4.31, not far from the stock’s 52-week low of $4. On a conference call Thursday night, the company offered optimism about the balance of the year, pointing investors toward full-year revenue of $1.25 billion, to $1.28 billion, with year-over-year growth substantially more aggressive than previously forecast. “We ended up right where we wanted to be, and our momentum continued through July,” CEO Nick Woodman said on Thursday’s call.
- Benzinga
Morgan Stanley Remains GoPro Bear; Wedbush Says It Could Turn Bullish Soon
Morgan Stanley's Erik Woodring maintained an Underweight rating on GoPro with an unchanged $5 price target. GoPro's second-quarter EPS and revenue fell slightly short of expectations, but this was offset by management's revised outlook for the back half of 2019, Morgan Stanley's Woodring said in a Friday note.
- TheStreet.com
[video]GoPro Misses on Earnings, Gets Boost From Upbeat Outlook
Shares of beleaguered action-camera company GoPro rose in after-hours Thursday after issuing an upbeat outlook despite missing quarterly earnings estimates. The company reported an adjusted profit of 3 cents a share in the second quarter vs. a loss of 15 cents in the same period a year ago.
- Motley Fool
GoPro Swings to (Adjusted) Profitability, Promises a Stronger Second Half
The action camera specialist just raised its full-year outlook yet again. Here's what investors need to know.
- Zacks
GoPro (GPRO) Q2 Earnings and Revenues Lag Estimates
GoPro (GPRO) delivered earnings and revenue surprises of -25.00% and -2.94%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
GoPro stock swings to gains after promising second-half rebound
GoPro Inc.’s second-quarter earnings and revenue fell short of expectations Thursday, but the action-camera manufacturer said it was raising its outlook for the second half of the year and shares moved to gains after initial declines.
- Reuters
GoPro lifts revenue forecast on new product slate, shares rebound
The company on a post earnings call that it now expected full-year revenue to grow between 9% and 12%, up from prior forecast of a 7% to 10% rise. "Thanks to continued demand in all regions, channel inventory is at appropriate levels globally and we believe we are well positioned for the launch of new products later this year," Chief Executive Officer Nicholas Woodman said on the call with analysts. GoPro in 2018 launched the Hero 7 White, Hero 7 Silver and Hero 7 Black as part of its holiday line-up, which helped the company report its first profit in five quarters.
- PR Newswire
GoPro Announces Second Quarter 2019 Results
Second Quarter Results In-line with Guidance Revenue of $292 Million Increased 20% Sequentially and 3% Year-over-Year Sell-Through of Cameras at $300 and Above Increased More Than 90% Year-over-Year GoPro ...
- InvestorPlace
Predictable Nio Is Worth a Shot
Even with the bulk of the bounce Nio (NYSE:NIO) shares made in July remaining intact, it's difficult to categorize Nio stock as anything but a disappointment. The current Nio stock price near $3.40 is barely more than half its December IPO price of $6.16, and it looks like China's EV market is starting to slow down. There are multiple reasons for the headwind.Source: Shutterstock Pessimistic analysts and investors have had a field day with the meltdown of the stock, of course, not to mention the very idea that making EVs would be a profitable venture anytime soon. * 7 A-Rated Stocks Under $10 The thing is, none of Nio's story to date is truly surprising. More important, the story could be about to make a turn for the better.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nio Falls Short of the Unfair HypeIt's one of those secrets few investors are willing to publicly concede, but privately know. That is, sometimes hype gets the better of them.One doesn't have to look very hard to find several relevant examples. GoPro (NASDAQ:GPRO) undoubtedly makes the best action camera in the world. But, as it turns out, the world just doesn't need that many action cameras. Everyone wants to live healthier, but a Fitbit (NYSE:FIT) isn't quite the solution people are looking for.In that same vein, the premise of a rival to Tesla (NASDAQ:TSLA) -- which has admittedly mainstreamed electric vehicles -- sounded compelling.Reality has set in over the course of the past few months, however. The 3,553 EVs Nio delivered in the second quarter of the year isn't even close to being on par with Tesla-like production levels, and nowhere near enough to even put the company within striking distance of profitability.That was never going to happen … at least not yet. Starting a whole new kind of car company from scratch, as it turns out, isn't easy.Matters have seemingly worsened in the meantime. Though demand for electric vehicles in China, where Nio is almost entirely focused, was rock-solid last year, growth in the number of purchases in May fell to only 2% on a year-over-year basis. And that was the last month a $10,100 subsidy was available. It decreased to $3600 in late June.It looks bad.None if this, however, was truly unexpected. The bad news is also largely (albeit not completely) out of the way. Halfway Through the Post-Hype ResetIf the idea rings familiar, it may be because yours truly more-or-less suggested the same thing in May. Specifically, I noted at the time:As we've seen far too often within just the past several months, investors are willing to dive head-first into a euphoric initial public offering based on a story, ignoring the fact that it's a sales pitch. Only afterwards do those pesky fundamentals start to matter, deflating puffed-up public offerings. Nio is the real deal, though. Even analysts expect big things soon. The period between the public offering and validation, however, could be a rough one.It's a scenario that's similar, though not identical to, Tesla's early days … which also required CEO Elon Musk to validate the idea of electric vehicles, figure out the infrastructure and simultaneously make the EVs he was looking to sell. For Nio, at least the proof-of-concept step has been completed.There's still turbulence ahead though. With the end of most of China's subsidies, corresponding higher prices are expected by some to push some of China's EV-related startups into bankruptcy.That may ultimately be a good thing for Nio though, as the only comparable competition in a position to survive China's EV headwind is Xpeng, backed by Alibaba (NYSE:BABA).As time passes and picks off China's wannabe EV players, Nio will get better, and China's consumers will further embrace the more-proven concept of battery powered automobiles. EVs are an inevitable future, even if it's a distant future. Looking Ahead for Nio StockAs I also cautioned in May, the "in the meantime" could prove rather miserable. Although Nio stock has stopped its profuse bleeding from earlier in the year, the recent rebound may or may not be built to last.There's also the not-so-small matter of a tariff war between China and the United States that, despite what some suggest, is hurting China considerably more than it's hurting the U.S. Sales of all vehicles, including combustion-powered vehicles, were down more than 16% on a year-over-year basis in May, but have been negative since July of last year.Meanwhile, Nio hasn't made much of a dent in Europe, and though eyeing the U.S. market, it's done little to prepare for a serious entry into North America.All of those impasses are subject to change in China as they have in the United States.It was wobbly at first, but the EV business in the United States can stand on its own, without subsidies. The charging infrastructure here is now somewhat pervasive; Nio has 300,000 charging stations working to its advantage in China, dwarfing Tesla's charging network. Electric vehicles are also not subject to China's anti-pollution efforts, which limits the number of days a combustion-powered vehicle can be driven during any given week. An end to the trade war could reinvigorate China's economy.It was never going to be a get-rich-quick affair, but here in the dregs of despair, Nio stock might be worth stepping into as a small buy-it-and-forget-it trade.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks Under $10 * 8 Monthly Dividend Stocks to Buy for Consistent Income * 7 Disruptive Biotech Stocks to Buy for 2025 The post Predictable Nio Is Worth a Shot appeared first on InvestorPlace.
- Benzinga
GoPro Q2 Earnings Preview
On Thursday, August 1, GoPro (NASDAQ: GPRO ) will report its last quarter's earnings. Here is Benzinga's preview of the company's release. Earnings and Revenue GoPro EPS is expected to be around 4 cents, ...
- PR Newswire
It Takes Two to Make a Thing Go Right: GoPro and Quik Apps Combine for One Awesome Mobile Editing Experience
The update integrates the best of the Quik video editing app into the GoPro app, and introduces a fresh visual design, improved storytelling tools and enhanced filter capabilities, all powered by a revving new software engine. This is the first in a series of GoPro app updates designed to create a single app experience for mobile editing with all the utility functions for controlling your GoPro from your smartphone. GoPro app users will immediately notice design updates, from a visual refresh and a more modern UI to a more intuitive navigation.
