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GoPro Makes This Financial Analyst Nervous

GoPro Makes This Financial Analyst Nervous

Financial analyst and author Anne-Marie Baiynd has been watching shares of GoPro Inc (NASDAQ: GPRO), but she doesn’t trade them.

“Particularly around earnings, when you’ve got something that’s new in the price-to-earnings ratio, which really I completely ignored with Netflix, and that’s why it ate my lunch,” she said.

Baiynd recently joined Benzinga’s #PreMarket Prep to talk about why she is hesitant about investing in GoPro.

“When I look at this [chart], GoPro makes me a little nervous,” she said.

Related Link: Tech Strategist: How Facebook And Twitter Are Stealing Google's Market Share

While the stock is moving up, Baiynd explained that it looks like it’s been sitting at a double-top event for the last 10 or 12 days. She said that’s why she hasn’t been looking at it, but admitted that she has been starting to look a little bit more.

“It’s definitely worthwhile, particularly as volume builds, cause that’s critical to me,” she said. “It’s got to have a lot of volume. Particularly, my chains have to have a lot of volume because I move around in them so much.”

Baiynd also talked about Netflix, Inc. and LinkedIn Corp.

Check out her full interview here:

Don’t forget to tune in to Benzinga’s #PreMarket Prep broadcast Monday-Friday 8-9:45 a.m. ET for all of the premarket info, news and data needed to start the trading day.


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