Up and Down

Hi Friends,

Earnings season is always interesting and I had two of my biggest individual stocks reporting after hours - Activision Bizzard and GoPro.

Activision is firing on all cylinders, though still heavily dependent on Call of Duty. They are doing a lot of direct streaming which is continued bad news for GameStop. The stock broke $100 in after hours trading:

GoPro missed on revenues and the revenues were weak, though they are reporting higher profits as they are doing more direct to consumer sales which have higher margins. They also are doing more subscription based monthly fee services, which are also highly profitable. They posted a decent profit of $0.39 per share for the quarter, which still puts them heavily undervalued on an EPS metric, but the stock was down as much as 12% after hours on the poor earnings. I think they need a shakeup at CEO as the founder has struggled to turn from action cam film maker to Wall Street tycoon.

Earnings season - some go up, some go down...

Thanks for coming by,
Brian