Apple & GoPro: Here's What Will Keep The Bulls Going
However, these stocks exhibit a lot of similarities. Both stocks had a wonderful run throughout the year but have slumped in past couple of trading sessions.
Whereas GoPro is up more than 110 percent since its listing, Apple stock has returned an impressive 40 percent year to date.
Alex Gauna, JMP Securities senior research analyst, is thoroughly bullish on both these stocks. He was recently on CNBC to discuss why these two stocks will continue to outperform the market in near future.
Related Link: Apple's Biggest Myth Busted By Steve Wozniak
On GoPro Gauna said, “I think what we are looking for GoPro is a holiday season sales cycle that’s absolutely on fire. It’s going to be followed by a push into the international markets in a way it hasn’t done before, as well as unveiling of its cloud strategy in 2015. And then as we progress going forward, this is a new media story and there are a lot of ways for this company to monetize its opportunity.”
When asked about whether after such a bullish run investors would be more interested in booking profits on Apple, Gauna replied, “the stock has been a tremendous outperformer this year, but I think it’s warranted. You're seeing sales growth accelerate for Apple. They are the product this holiday season in addition to the GoPro Cameras. They haven’t even really gotten going in China yet; China Mobile has aspirations to get to a 100 million 4g subscribers this year and they are only at about 50 million just now and then let’s not even talk about next year.
"So, I think the wind is at Apple's back from a product cycle perspective.”
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.