Wearable camera and virtual reality company GoPro (GPRO) had a pocket pivot breakout yesterday. While the breakout is out of a low handle, this company is positioning itself to be a potential leader in the virtual reality (VR) space. This is a speculative play since the company's technicals are off-the-bottom and its industry is highly competitive since much growth potential lies ahead. Nevertheless, GPRO blew the doors off estimates on its last earnings report. GPRO is due to report earnings today, so keep an eye on this one.
Market Lab Report - Premarket Pulse 7/21/15
|Published:||21 Jul 2015 12:36 ET|
Major averages rose yesterday on lower volume as expected after an options expiration day. The NASDAQ Composite closed at another all-time high as we continue into earnings season, but breadth has remained negative over the past two days with losers outnumbering gainers by about a 2 to 1 margin. Much of the NASDAQ's move to all-time highs has been a function of a narrow group of big gap-up moves in a number of super-cap stocks over the past few days including EBAY, GOOGL, and NFLX, while continued upside in names like FB and PCLN has also contributed to the index's rise.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.