Weekly Recap 11-09/11-13: GoPro Inc (GPRO), International Business Machines Corp. (IBM), and BlackBerry Ltd (BBRY)


There are five reasons because of which GoPro Inc (NASDAQ:GPRO) cannot be termed as dead. The first is the absence of unveiling any big device for the tepid outlook while the mindset of the investors and consumers is not the same.

There is nothing that suggests that GoPro Inc (NASDAQ:GPRO) is going through saturation. Fresh product launches are planned by the company. The stock might very well be available at bargain price.

International Business Machines Corp. (NYSE:IBM) is going through transition with more focus on software and services rather than manufacturing of hardware. The objective is to realize enhanced margins compared to low margins in hardware.

International Business Machines Corp. (NYSE:IBM) is also making progress on mobile front which witnessed 40% growth. Its performance from the cloud is also expected to generate growth. Recently, the company entered hybrid cloud segment.

BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) is confident of achieving software business target of $500 million by March next year. The smartphone maker was also planning to go further in the software business as part of its turnaround program.

BlackBerry Ltd (NASDAQ:BBRY) is sitting on $3 billion cash and the CEO, John Chen, thinks that the company could acquire growth through organic route.

BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB)’s Priv was regarded by some as the last product as far as the handset business was concerned. However, the company’s CEO, John Chen, dismissed it, and said that the company has wide range of products to be unveiled. However, he did not confirm whether the firm was working on one more Android-enabled device.

Bank Of America Corp (NYSE:BAC)’s stock is trading lower than the book value of $22.41 per share. This data is considered to be a key metric for valuation and one of the reasons to suggest that the stock is undervalued at current price.

Twenty-seven analysts have Buy rating on Bank Of America Corp (NYSE:BAC) compared to Hold from nine analysts. Two analysts preferred to rate the shares as Sell.

Juniper Networks, Inc. (NYSE:JNPR)’s networking unit was termed as the right combination for Ericsson. There were rumors of the Juniper Networks, Inc. (NYSE:JNPR) being acquired by Ericsson. However, Cisco Systems, Inc. (NASDAQ:CSCO) has joined with Ericsson for a strategic alliance. Therefore, there are doubts whether Ericsson would buy Juniper anytime soon.

Apple Inc. (NASDAQ:AAPL) did not reveal the number of Apple Watches sold in the September quarter. However, there is a sense of belief that the uptake of the wearable was not all that strong. On the other hand, Fitbit Inc (NYSE:FIT) reported 109% jump in unit sales in the third quarter thereby reiterating its leadership position in the wearable market.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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