5.51 0.00 (0.00%)
After hours: 4:59PM EDT
|Bid||5.51 x 21500|
|Ask||5.50 x 21500|
|Day's Range||5.38 - 5.54|
|52 Week Range||4.00 - 7.64|
|Beta (3Y Monthly)||0.27|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.38|
Editor's note: This story was previously published in March 2019. It has since been updated and republished.When Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) started to give the public a glimpse of its developments in self-driving cars, the idea seemed out of this world.Source: Apple Alphabet's unit, Waymo, which stands for new way forward in mobility, is leading the way when it comes to the self-driving car trend.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut since the search-engine giant derives much of its revenue from advertising, some investors might be more interested in stocks to invest in that are closer to being pure-plays in the space. * 10 Best Stocks for 2019: A Volatile First Half With that said, here are five stocks to buy that will play a key role in the future of self-driving cars. Some are similar to Alphabet, as not every stock on this list is a "pure" autonomous vehicle play, but each will undoubtedly be at the forefront of this rapidly growing trend in the months and years ahead. Tesla (TSLA)The first name on this list of stocks to invest in the trend of self-driving cars, Tesla (NASDAQ:TSLA), is one of the purest plays in the space. After all, TSLA's development in autonomous driving is as impressive as the lead it has in the electronic vehicle market.Source: Shutterstock On Nov. 27, the company's CEO, Elon Musk, took to the wheel when the company announced Version 9 software updates. The most notable feature was Navigate on Autopilot.Navigate on Autopilot builds on the original Autopilot but does more: the car now suggests lane changes and, with driver supervision, it makes the lane changes. It also navigates highway interchanges and takes on-ramp/off-ramps as well as exits the highway.This technology is powered by a neural network, so the more data it gets, the better the code becomes and the less buggy Navigate on Autopilot gets.Tesla clearly offers the most advanced driver assist system on the market and the software will only get better as the company pushes out over the air (OTA) upgrades.TSLA stock does not come cheap: shares trade for 30 times analysts' consensus 2019 profit estimate. Debt-to-equity is 219 times, but the market's confidence in Elon Musk should not hinder a money raise, should Tesla need it. Ambarella (AMBA)Ambarella (NASDAQ:AMBA), whose past growth rates came from supplying camera chip technology to GoPro (NASDAQ:GPRO), reinvented itself by developing computer vision (CV1, CV2) chips for the ADAS market.However, the transition to the market of self-driving cars has not been without hiccups. In 2018, Ambarella's overall revenue dropped meaningfully year-over-year, and it's expected to do the same this year.The firm needs to spend its efforts on computer vision applications in the IP security, automotive and robotics AI markets. In the OEM automotive market, customers want a flexible solution that adds value. * 7 A-Rated Stocks to Buy for the Rest of 2019 Since legacy automotive chips are vastly inferior -- unable to meet processing performance requirements, consuming more power than the desired limits and exceeding thermal constraints for camera -- Ambarella may have a moat.Ambarella's front-camera ADAS solution is a leading Tier 1 chip that it just introduced.in late January. In the Level 2 to Level 5 autonomous vehicle categories, the company offers a flexible open perception platform. Nvidia (NVDA)When investors look at the stock charts for Nvidia (NASDAQ:NVDA), the first thing they'll notice is the drop in the NVDA stock price from over $280 down to around $170 as of Friday afternoon. The company's main business, GPUs for PCs, has weakened.Source: Shutterstock Looking beyond the PC GPU market, Nvidia's strength in automotive suggests this company is poised to grow along with the self-driving car trend. In 2018,the company's revenue from automotive hit record levels.Autonomous vehicle production and development engagement are growing. Nvidia's next-generation AI-based cockpit infotainment systems should assure its growth rates hold in the automotive space.At GTC Europe, Nvidia announced that Volvo would include Nvidia's Drive AGX Xavier solution early in the 2020's. The solution will deliver on Level 2+ assisted driving. This is made possible by the integration of 360-degree surround perception and a driver monitoring system. General Motors (GM)Looking within the automotive sector, General Motors' (NYSE:GM) mass layoff announcement on Nov. 26 changed the strategic direction of the company.Source: Shutterstock Even though traditional auto parts suppliers will suffer, as will GM staff getting let go, development for GM's self-driving car unit will probably accelerate. GM's Orion, Michigan plant will manufacture autonomous vehicles once they are mass-produced. The plant is a natural location for self-driving car production because it already manufactures electric vehicles.GM is making a big commitment to the self-driving trend. Between May 2018 and October 2018, GM and its self-driving car unit, Cruise, attracted $5 billion in investments. This amount pushed GM ahead of Alphabet's Waymo, Uber and Lyft. * 10 Stocks That Should Be Every Young Investor's First Choice GM's restructuring could distract the company from its self-driving car development. Glitches in the driverless cars could also delay the company from releasing it on the market. But if management recognizes the resources it needs to push the technology's development, GM has a chance of succeeding in the ADAS space. Aptiv (APTV)Aptiv PLC (NYSE:APTV) has earned a number of customer awards that recognized the firm's innovations in advanced safety, electrification and connectivity.Source: Shutterstock It won a business award for its six highly scalable Level 2+ ADAS systems with a major North American OEM. The auto parts supplier is pivoting its business toward software, compute and integration solutions. This transition is playing out because Aptiv is booking new business.Aptiv, through its Mobility and Services Group, makes automated driving software. Its development in high-speed central compute platforms give the company a competitive edge. This fits nicely with its goal of having more automated and connected vehicle content.Given APTV's forward price-earnings ratio of 13.5, markets appear to have ignored this firm's growth potential in self-driving cars.If investors look beyond the macro challenges for APTV stock and put a valuation on the technology portion of the business, Aptiv is undervalued.As of this writing, Chris Lau did not own shares in any of the aforementioned securities, but was considering buying Aptiv in the next 72 hours. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% The post The 5 Best Stocks to Invest in Self-Driving Cars appeared first on InvestorPlace.
Even the stock market's best stocks eventually break down. Top stock of 2015 Ambarella showed numerous signals of when to sell stocks as it peaked, then headed sharply lower.
After his attempt at a dot-com company failed, Nicholas Woodman traveled to Australia and Indonesia in 2002 and realized that he could sell waterproof cameras. In 2003, Woodman founded Woodman Labs, the parent company of GoPro Inc. (GPRO). GoPro is a maker of some of the most versatile cameras in the world, capable of fitting into small spaces, sticking onto helmets, and generally surviving a harsh beating.
Unlimited Cloud Storage, Damaged Camera Replacement and 50% Accessory Discounts for $4.99 a Month SAN MATEO, Calif. , June 18, 2019 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that its PLUS ...
GoPro Inc NASDAQ/NGS:GPROView full report here! Summary * Bearish sentiment is low and declining Bearish sentimentShort interest | PositiveShort interest is low for GPRO with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 11. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold GPRO had net inflows of $1.12 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Google is reportedly moving manufacturing of its U.S.-bound line of Nest products and server motherboards out of China, in hopes of avoiding the impact of President Trump’s steadily escalating trade war with the country.
With some easing trade war hostilities and Wall Street cozying up to a "Fed Put," it's time to park a bit of speculative cash in three semiconductor stocks that are shaping up for so strength in the weeks and months ahead.The sky is falling shtick from May and a bit of early June gloom in the broader market have been quickly lifted courtesy of averted tariffs with Mexico and optimism that the Federal Reserve is ready to indulge bulls with "prophylactic rate cuts" if Wall Street can't find the wherewithal to right itself up on its own.Of course there are no guarantees a bearish U-turn won't rear its ugly head again. There are still the trade war negotiations with China later this month. And despite investors' conviction, any confirmation of a Fed Put is still a week out when the FOMC holds its next two-day meeting.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNevertheless, under the basic assumption that 2019's bull market has been resuscitated with the promising price action of the past few days, investors that want additional market exposure tied to these positive developments should consider semiconductor outfits with ties to autonomous vehicles. * 7 A-Rated Stocks to Buy Under $10 The three driverless stocks to buy are Nvidia (NASDAQ:NVDA), NXP Semiconductors (NASDAQ:NXPI) and Ambarella (NASDAQ:AMBA). With decent entry points on the price charts and using well-placed, human-engineered exit strategies, investors can feel more confident about driving healthier returns into their portfolios. Nvidia (NVDA) Click to EnlargeNvidia is the first of our semiconductor stocks to buy today. Straight from the horse's mouth, "NVIDIA uses the power of AI and deep learning to deliver a breakthrough end-to-end solution for autonomous driving -- from data collection, model training, and testing in simulation to the deployment of smart, safe, self-driving cars." I couldn't have said it any better myself.On the price chart, NVDA stock is looking set to zip higher. Technically, shares have formed and confirmed a two-week reversal pattern that could be the beginning of a new uptrend.This candlestick signal for going long Nvidia is backed by an oversold stochastics signal. It also enjoys key zone support from its ten-year, 50% Fibonacci cycle, 200-week simple moving average and 76% retracement level tied to the market's ubiquitous December bottom.Buy Strategy: NVDA stock is ready for purchase today. And while shares of this driverless stock can be volatile, smallish exposure of 7% also looks like enough leeway within the two-week bottoming pivot to abort the position if necessary. NXP Semiconductors (NXPI) Click to EnlargeNXP Semiconductor's claim to fame within the driverless universe is that it's the world's largest automotive chipmaker by sales and has an autonomous driving platform called BlueBox. BlueBox allows automakers to convert traditional cars into driverless vehicles with an onboard computer.Technically, shares of this driverless stock look very attractive after pulling back over the last month. NXPI stock has managed to find support at the 50% retracement level tied to its December low, as well as the share's 200-day simple moving average.With the December bottom also finding support at its life-time 50% Fibonacci level and forming a nice monthly chart up-channel in the process, along with stochastics trending higher, NXPI stock looks positioned for buying today. * 7 Dark Horse Stocks Winning the Race in 2019 Buy Strategy: Buy NXPI stock and use the low of the monthly pullback as an initial stop-loss to keep technical and dollar exposure at acceptable levels. On the upside, use this driverless stock's all-time-high and channel resistance (roughly $125 - $132) for a profit-taking target. Ambarella (AMBA) Click to EnlargeAmbarella's past reliance on chip sales to action camera outfit GoPro (NASDAQ:GPRO) was both a boon and a bust.But it's time to let bygones be bygones. Ambarella is now using its chip expertise to tackle the autonomous automobile market. The company's camera sensors and processors are being used for computer vision, driver assistance cameras, in-car cameras as well as parking assistance technology.Ambarella has its detractors. Shares do maintain short interest of around 16%. And Ambarella's latest quarterly results do suggest the company still has a long road in front of it.Nevertheless, with its computer vision (CV) technology a potential huge windfall and shares recently completing a three-year long double bottom pattern more than 70% removed from its GoPro-driven halcyon highs, I do see the opportunity for putting AMBA stock on the radar for buying.Buy Strategy: My recommendation in AMBA stock is to buy shares above $45. That's currently 8.5% above Monday's closing print. The idea is to avoid potential one- or two-day short squeezes and only buy on strength hinting the bears may be overstaying their welcome as a more successful next chapter in Ambarella looks to unfold.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher Compare Brokers The post 3 Semiconductor Stocks to Buy Now appeared first on InvestorPlace.
Today we will run through one way of estimating the intrinsic value of GoPro, Inc. (NASDAQ:GPRO) by taking the foreast...
GoPro (GPRO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.