IRobot (IRBT) & GoPro (GPRO): Two Gadget Stocks For Black Friday - Video Blog

Brian Bolan, Zacks Investment Research Aggressive Growth Strategist, discusses iRobot (IRBT) and GoPro (GPRO) with Terry Ruffolo. The first company on the list is mostly retail facing but does have some government / defense revenue as well. iRobot makes robots that cleans floors for consumers and robots that guard perimeters for the government. The company is coming off a recent beat and is now a Zacks Rank #1 (Strong Buy), making it an attractive option for investors looking for a retail name that has seen estimates increase of late. 

Brian also pulled out his favorite chart for this stock, one that shows forward revenue estimates plotted against the stock price. The chart shows a history of large moves higher in revenue estimates in January, a phenomena attributable to guidance. While stronger guidance is and has been somewhat expected, the stock has had a history of significant moves higher following the guidance. Brian suggests that a little patience and a longer holding period would probably make this Zacks Rank Buy a winner.  

GoPro (GRPO) was also discussed as it is in the news quite frequently. The maker of ultra high definition cameras has been all the rage on Wall Street since its IPO as the stock has basically tripled since then. Brian believes this Zacks Rank #2 (Buy) stock could have serious legs over the next few weeks as it could be an ideal holiday gift. Even with a recent secondary offering, the stock has still shown plenty of positive moment. Is a GoPro Hero camera going to be waiting under your tree or in your stocking this holiday season?


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