Expert: Keep An Eye On GoPro's Lesser-Known Peer
Cody Willard, chairman of Scutify and former hedge fund manager, was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.
Although noted for favoring high-growth technology stocks, Willard cautioned that GoPro Inc (NASDAQ: GPRO) may soon face margin pressure as Chinese cam-makers pose growing competition.
Which ever way the wind blows for GoPro, video chip-maker Ambarella Inc (NASDAQ: AMBA) may benefit, he added.
"They've got protection with proprietary technology," Willard said of Ambarella.
In Thursday afternoon trading, Ambarella is up more than 5 percent. GoPro has gained 3.6 percent.
Earlier this week, Pacific Crest mentioned in a note that Ambarella is attractive due to a diversified product mix, in addition to its camera chips.
John Seward contributed to this report.
Latest Ratings for GPRO
|Jan 2017||Longbow Research||Downgrades||Neutral||Underperform|
|Nov 2016||Raymond James||Downgrades||Outperform||Market Perform|
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