Últimas noticias sobre GoPro (NASDAQ:GPRO) Bolsa

GoPro

GoPro Inc is a United States-based company that is principally engaged in designing and providing cameras, mounts, drones and appliances. The company outsources a part of manufacturing to third parties in China. The company sells products across the world through its direct sales channel, which generates over half of total revenue, and indirectly through its distribution channel. The company has presence, including in the Americas, Europe, Middle East, Africa, and Asia-Pacific, with the Americas contributing over half of total revenue.

GoPro Inc

GOPRO CL A ORD

<h3>Gainers</h3>
<ul>
<li>MEDIROM Healthcare Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRM#NASDAQ">MRM</a>) stock rose 12.5% to $3.5 during Friday's after-market session. The market value of their outstanding shares is at $17.2 million. </li>
<li>Alta Global Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MMA#AMEX">MMA</a>) shares rose 10.73% to $1.96. The company's market cap stands at $20.5 million. </li>
<li>Boqii Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BQ#AMEX">BQ</a>) shares rose 8.36% to $0.59. The market value of their outstanding shares is at $2.7 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) stock increased by 6.28% to $5.58. The market value of their outstanding shares is at $35.9 million. </li>
<li>Yoshitsu Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKLF#NASDAQ">TKLF</a>) stock moved upwards by 5.7% to $0.47. The market value of their outstanding shares is at $19.6 million. </li>
<li>Vision Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) shares increased by 4.84% to $4.11. The company's market cap stands at $2.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Nxu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXU#NASDAQ">NXU</a>) shares decreased by 5.0% to $0.25 during Friday's after-market session. The market value of their outstanding shares is at $3.0 million. </li>
<li>Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) stock fell 4.23% to $0.68. The company's market cap stands at $20.1 million. </li>
<li>Envirotech Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTV#NASDAQ">EVTV</a>) stock fell 3.8% to $2.03. The company's market cap stands at $32.7 million. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares decreased by 3.41% to $0.24. The market value of their outstanding shares is at $9.3 million. </li>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) shares declined by 3.39% to $0.41. The market value of their outstanding shares is at $3.9 million. </li>
<li>GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) shares declined by 3.06% to $1.27. The company's market cap stands at $193.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

CTNT

EVTV

GPRO

RIME

TKLF

VMAR

WKSP

Connexa Sports Technologies Inc. - Common Stock

YYAI

12 Consumer Discretionary Stocks Moving In Friday's After-Market Session

GoPro's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NYSE">GPRO</a>) short percent of float has fallen 6.67% since its last report. The company recently reported that it has 6.26 million shares sold short, which is 5.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.12 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>GoPro Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729025116_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for GoPro has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing GoPro's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, GoPro's peer group average for short interest as a percentage of float is 10.23%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(GPRO) - Analyzing GoPro's Short Interest

$199 HERO Joins New Flagship HERO13 Black in Global Distribution Rollout
SAN MATEO, Calif., Sept. 23, 2024 /PRNewswire/ -- Today, GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) announced that its new $199 "4K'ing Tiny" camera, simply named "HERO", is now available on retail shelves around the world and for purchase online at&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4260322-1&amp;h=1191966751&amp;u=http%3A%2F%2Fwww.gopro.com&amp;a=GoPro.com">GoPro.com</a>.&nbsp;
Weighing just 86 grams, the tiny new 4K HERO camera is waterproof, durable and combines GoPro's simplest user interface ever with sharp 4K video, 2x slo-mo at 2.7K resolution, and 12 megapixel photos. At $199, HERO is now GoPro's most affordable camera, making it ideal for travelers, creators, families, kids and adventure seekers looking for the simplest, lightest weight, most affordable camera with GoPro's legendary durability and versatility.

News

GoPro Announces That Its New $199 "4K'ing Tiny" Camera, Simply Named "HERO", Is Now Available On Retail Shelves Around The World

GoPro's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NYSE">GPRO</a>) short percent of float has risen 24.0% since its last report. The company recently reported that it has 7.33 million shares sold short, which is 5.89% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.81 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>GoPro Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725460222_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for GoPro has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing GoPro's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, GoPro's peer group average for short interest as a percentage of float is 6.32%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About GoPro?

GoPro, Inc. previously announced during its August 6, 2024 Second Quarter earnings call its intent to reduce operating expenses by approximately $50 million from projected fiscal 2024 expenses to $320 million +/- $5 million in fiscal 2025.
The Restructuring Plan is expected to result in an estimated aggregate charge of in the range of $5 million to $7 million. Cash expenditures will be approximately $1.0 million of the estimated aggregate charge in the third quarter of 2024 and approximately $4 million to $6 million of the estimated aggregate charges in the fourth quarter of 2024.
The Company expects to incur the majority of the restructuring and related charges in the fourth quarter of the fiscal year ended December 31, 2024.

On August 19, GoPro Board Approves Restructuring Plan To Entail Reduction In Force Of ~15% From Ending Q2 Headcount Of 925 Full-time Employees Beginning In Q3 2024

GoPro's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NYSE">GPRO</a>) short percent of float has risen 5.56% since its last report. The company recently reported that it has 5.90 million shares sold short, which is 4.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.47 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>GoPro Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723664720_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for GoPro has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing GoPro's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, GoPro's peer group average for short interest as a percentage of float is 6.32%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Wedbush analyst Alicia Reese maintains GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) with a Neutral and lowers the price target from $2 to $1.5.

Price Target

Analyst Ratings

Wedbush Maintains Neutral on GoPro, Lowers Price Target to $1.5

GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) reported quarterly losses of $(0.24) per share which beat the analyst consensus estimate of $(0.25) by 4 percent. This is a 242.86 percent decrease over losses of $(0.07) per share from the same period last year. The company reported quarterly sales of $186.22 million which beat the analyst consensus estimate of $170.02 million by 9.53 percent. This is a 22.74 percent decrease over sales of $241.02 million the same period last year.

Earnings

Earnings Beats

GoPro Q2 Adj $(0.24) Beats $(0.25) Estimate, Sales $186.22M Beat $170.02M Estimate

U.S. stock markets saw a strong recovery on Tuesday, with both the S&amp;P 500 and the Nasdaq 100 climbing over 2%, nearly offsetting Monday&#8217;s losses. Investors took advantage of recent volatility to buy the dip, showing continued confidence in the U.S. economy&#8217;s ability to avoid a recession. 
Gains were observed in both small-cap and blue-chip stocks, reflecting broad improvement in market sentiment.
The CBOE Volatility Index (VIX), often referred to as the market&#8217;s fear gauge, decreased by almost 40% on Tuesday after spiking 65% on Monday. 
According to the FedWatch Tool, the likelihood of a 50-basis-point interest rate cut decreased to 90% Monday to 64% Tuesday. 
As traders reassess Fed rate cuts, Treasury yields increased during the day, with the 10-year yield rising by 11 basis points to 3.9% and the two-year yield climbing 9 basis points to 4.01%.
The rebound of the U.S. dollar was supported by rising yields and diminished expectations of a larger Federal Reserve rate cut in September. The dollar increased by 0.8% against the low-yielding Japanese yen, breaking a streak of five consecutive days of losses.
In terms of macroeconomic data, the day was relatively quiet, with only June&#8217;s trade figures making news. The U.S. trade deficit narrowed to $73.1 billion in June 2024 from a revised 20-month high of $75 billion in May, slightly above market forecasts of a $72.5-billion gap. Exports increased by 1.5% to $265.9 billion, the second-highest on record, while imports grew by a more modest 0.6% to $339 billion.
Gold and oil prices both decreased by 0.7% and 0.8%, respectively, marking their fourth consecutive session of declines.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rebounded by 4.9% after experiencing a 7% drop on Monday.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,312.03</td>
<td>2.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,295.41</td>
<td>2.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,081.01</td>
<td>1.9%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,301.11</td>
<td>1.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:55 p.m. ET </figcaption></figure>
According to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was trading 2.2% higher to $528.42.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.7% to $393.21.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 2.4% to $445.63.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.9% to $206.06.</li>
<li>All 11 sectors of the S&amp;P 500 saw gains, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) leading the way, increasing by 3.1%. The Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) witnessed the smallest gain, up 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rallied over 6%, snapping three straight session of losses. </li>
<li>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) soared over 5%, marking its best one-day surge in a month. </li>
</ul>
Stocks reacting to company earnings included: 
<ul>
<li>ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>), down by nearly 18%, </li>
<li>Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), up 3.8%,</li>
<li>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), up 6.9%,</li>
<li>CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), up 3.7%,</li>
<li>Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), up 2.3%,</li>
<li>Expeditors International of Washington, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>), down 4.4%,</li>
<li>Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), up 6.7%,</li>
<li>GLOBALFOUNDRIES Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>), down 1%,</li>
<li>Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>), down 0.7%,</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) up 9%, </li>
<li>Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), up 6.8%,</li>
<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) up 12.3%, </li>
<li>Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), up 11%</li>
<li>Teradata Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) down about 14%,</li>
<li>WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) down 6.7%,</li>
<li>Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) up 3.7%,</li>
<li>ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>), down nearly 19%.</li>
</ul>
Companies reporting after the close are Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Cirrus Logic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>), Exelixis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>), Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>), Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>), Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).
Read now: 
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40196554/warren-buffetts-oil-bet-hits-slick-patch-death-cross-looms-over-occidental-before-q2-earnings">Warren Buffett&#8217;s Oil Bet Hits Slick Patch: Death Cross Looms Over Occidental Before Q2 Earnings</a></li>
</ul>
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ABNB

ADTN

AMGN

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EXEL

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YUMC

Wall Street Rebounds After Selloff, VIX Falls, Dollar Surges Against Yen: What's Driving Markets Tuesday?

U.S. stocks look to bounce back on Tuesday following an across-the-board sell-off in the previous session. Strategists say<a href="https://www.benzinga.com/markets/equities/24/08/40179293/strategist-warns-theres-a-serious-collapse-thats-coming-after-mondays-global-market-crash-tons-a"> all the yen carry trades haven&#8217;t been unwound yet,</a> which raises the specter of incremental weakness. That said, positive reactions to earnings from tech players such as Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) could buoy sentiment.
Tech stocks are reversing course, riding on these positive earnings. The CBOE Volatility Index, widely known as VIX, has pulled back notably toward the 32 level. Given the absence of any major catalysts, volatility will likely remain contained. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.86%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.82%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.71%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.75%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.78% to $521.40, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.82% to $438.95, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Last Session:
Wall Street closed Monday&#8217;s session notably lower, although off its intraday lows. The global equity market plunge set in motion by the Japanese market on Monday spilled over into the U.S. The major averages opened notably lower but a report that showed that the service sector moved into expansion territory helped them trim some of the losses. Yet the averages closed the session sharply lower.
The S&amp;P 500 and the Nasdaq Composite fell for a third straight session, settling at three-month lows, while the Dow Jones Industrial Average retreated to its lowest since June 14.
The sell-off was across the board, with the IT, communication services and consumer discretionary stocks plunging hard.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-3.43%</td>
<td>16,200.08</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-3.00%</td>
<td>5,186.33</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-2.60%</td>
<td>38,703.27</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-3.33%</td>
<td>2,039.16</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Insights From Analysts: </figcaption></figure>
The recent correction is healthy for the market, according to WisdomTree Senior Economist and Wharton professor Jeremy Siegel. Volatility has finally returned to the market, the economist said, adding that this equity risk is what creates a premium long-term return.
A correction of 5-10% from the highs is healthy, Siegel said. &#8220;I would be more worried had the market continued to surge higher with no correction and created more bubble-like conditions,&#8221; he said.
&#8220;In the short run, if the Fed does not indicate that it will react soon, the outlook is very unsettled.&#8221;
Carson Group&#8217;s Chief Market Strategist Ryan Detrick sees light at the end of the tunnel. Drawing on historical data, the strategist noted that when the S&amp;P 500 Index falls by at least 1% on Thursday, Friday, and Monday, strong returns are typically observed three months later. Historically, this pattern has resulted in gains 90% of the time, with an average increase of around 10%.
&#8220;A year later up 18 of 21 and up 22.5% on avg,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">S&amp;P 500 down at least 1% on a Thursday, Friday, and Monday? Pretty strong returns across the board. 3 months later higher 90% of the time and up nearly 10% on avg. A year later up 18 of 21 and up 22.5% on avg. Huh. Good chance those times felt pretty bad also. <a href="https://t.co/srKtgx1vqx">pic.twitter.com/srKtgx1vqx</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1820678336277856286?ref_src=twsrc%5Etfw">August 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data:
<ul>
<li>The Commerce Department is scheduled to release its trade balance report for June at 8:30 a.m. EDT. Economists, on average, expect a narrowing of the trade deficit from $75.1 billion in May to $72.5 in June.</li>
<li>The Treasury will auction three-year notes at 11:30 a.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Palantir climbed over 7% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results.</li>
<li>The other stocks moving on earnings are Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) (up 9%), ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) (down about 7.50%), Navitas Semiconductor (up about 5%), ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) (down nearly 15%), Teradata Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) (down about 8%) and Yum China Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NASDAQ">YUMC</a>) (up over 8%) </li>
<li>Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), Expeditors International of Washington, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>), Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), GLOBALFOUNDRIES Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>), Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>), Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) and Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) are among the key companies due to <a href="https://www.benzinga.com/calendars/earnings">release their earnings reports ahead of the market opening</a>.</li>
<li>Those reporting after the close are Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Cirrus Logic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>), Exelixis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>), Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>), Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>), Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rebounded after three straight sessions of declines and gold futures also advanced moderately, while the 10-year benchmark Treasury note yield rose 5.4 basis points to 3.836%.
Bitcoin (CRYPTO: BTC<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40153940/bitcoin-crashes-below-50k-briefly-crypto-market-records-over-1b-in-liquidations-in-24-hour">)</a> climbed over 6.5% and approached the $55K level.
In Asia, the sentiment was mixed. The Japanese market, which was the epicenter of Monday&#8217;s sell-off, rebounded strongly, with the Nikkei 225 average climbing over 10%. The Taiwanese and South Korean markets also rose notably. The Chinese market advanced, although the gain was much more modest, and the Australian market finished strong amid the nation&#8217;s central bank deciding to keep interest rates unchanged. On the other hand, the Indian, Malaysian, Hong Kong and New Zealand markets moved to the downside.
European stocks were lower in early trading amid volatility. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40178601/global-market-crash-sparks-reflection-on-jeff-bezos-2000-dotcom-comments-after-amazons-80-plunge">Global Market Crash Sparks Reflection On Jeff Bezos&#8217; 2000 Dotcom Comments After Amazon&#8217;s 80% Plunge: &#8216;We&#8217;re A Company That Wants To Be Weighed, And Over Time We Will Be&#8217;</a></li>
</ul>
Image Created Using Midjourney

Futures

Previews

Economics

Pre-Market Outlook

NVTS

US Stocks Set To Open Higher After Monday's Crash, VIX Plummets: Analyst Says Would Have Worried If Market Surged Higher Without Correction

GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Tuesday</a>.
The company announced a fresh distribution collaboration with SoftBank Group&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) SB C&amp;S Corporation in Japan, leveraging one of the region&#8217;s largest sales <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39688703/gopro-partners-with-softbank-groups-sb-c-s-corporation-for-additional-distribution-in-japan" rel="noreferrer noopener">networks to market GoPro products.</a>
&#8220;Through SB C&amp;S, we&#8217;re continuing the expansion of our global retail presence, ensuring that GoPro products are more widely available to customers in&nbsp;Japan&nbsp;and improving our in-store merchandising and brand exposure,&#8221; said&nbsp;Dean Jahnke, GoPro&#8217;s Senior Vice President of Global Sales and Channel Marketing.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39691335/netflix-positively-positioned-for-operating-momentum-analyst-sees-normalization-of-" rel="noreferrer noopener">Netflix &#8216;Positively Positioned For Operating Momentum&#8217;: Analyst Sees &#8216;Normalization Of Streaming Wars&#8217;</a>
Under the agreement, SB C&amp;S can now offer its retail customers in Japan the complete lineup of GoPro cameras and accessories, expanding access to the latest innovations and products from GoPro.
SB C&amp;S will distribute GoPro cameras and accessories across Japan, including SoftBank stores, Yodobashi, and Yamada.
They&#8217;ll enhance retail displays and offer training to improve customer shopping experiences for GoPro products.
In May, the company&nbsp;announced&nbsp;a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38789147/gopro-announces-retail-expansion-at-best-buy" rel="noreferrer noopener">large-scale merchandising rollout</a> and sales program at Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>).
Price Action: GPRO shares are trading higher by 7.39% to $1.525&nbsp;at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/07/39684604/this-medical-stock-soared-over-80-in-pre-market-after-advancing-gene-therapy-program-for-als-alzh" target="_blank" rel="noreferrer noopener">This Medical Stock Soared Over 80% In Pre-Market After Advancing Gene Therapy Program For ALS, Alzheimer&#8217;s And Parkinson&#8217;s Diseases</a></li>
</ul>

General

SFTBY

Why GoPro Shares Are Gaining Today

GoPro Partners And SoftBank Group's SB C&S Partners For Additional Distribution In Japan

<h3>Gainers</h3>
<ul>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) stock increased by 20.7% to $0.35 during Thursday's after-market session. The market value of their outstanding shares is at $56.2 million. </li>
<li>Allbirds (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIRD#NASDAQ">BIRD</a>) shares increased by 8.61% to $0.59. The company's market cap stands at $91.9 million. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares increased by 5.64% to $0.56. The company's market cap stands at $18.1 million. </li>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) stock increased by 4.15% to $0.52. The market value of their outstanding shares is at $1.9 million. </li>
<li>GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) stock rose 4.02% to $1.54. The company's market cap stands at $234.4 million. </li>
<li>PLBY Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBY#NASDAQ">PLBY</a>) stock increased by 2.91% to $0.84. The market value of their outstanding shares is at $61.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) stock fell 11.9% to $2.14 during Thursday's after-market session. The company's market cap stands at $6.6 million. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) stock declined by 7.54% to $0.61. The company's market cap stands at $10.8 million. </li>
<li>Nxu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXU#NASDAQ">NXU</a>) stock declined by 6.66% to $0.4. The company's market cap stands at $4.8 million. </li>
<li>Kaixin Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) stock decreased by 5.7% to $0.15. The company's market cap stands at $8.7 million. </li>
<li>Lovesac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) stock decreased by 5.21% to $24.95. The market value of their outstanding shares is at $386.4 million. As per the press release, Q1 earnings came out today. </li>
<li>Singing Machine Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MICS#NASDAQ">MICS</a>) stock declined by 4.92% to $1.16. The company's market cap stands at $7.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BIRD

CJET

GNLN

KXIN

LOVE

MICS

PLBY

ZAPP

12 Consumer Discretionary Stocks Moving In Thursday's After-Market Session

Have you assessed how the international operations of GoPro (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gpro#NASDAQ">GPRO</a>) performed in the quarter ended March 2024? For this action video camera maker, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.
The global economy today is deeply interlinked, making a company&#39;s engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for investors to comprehend how much a company relies on these foreign markets, as this understanding reveals the firm&#39;s potential for consistent earnings, its capacity to harness different economic cycles, and its overall growth prospects.
Being present in international markets serves as a counterbalance to domestic economic challenges while offering chances to engage with more rapidly evolving economies. However, this kind of diversification introduces challenges like currency fluctuations, geopolitical uncertainties and varying market trends.
Upon examining GPRO&#39;s recent quarterly performance, we noticed several interesting patterns in the revenue generated from its international segments, which are commonly analyzed and observed by Wall Street experts.
The company&#39;s total revenue for the quarter amounted to $155.47 million, showing decrease of 11%. We will now explore the breakdown of GPRO&#39;s overseas revenue to assess the impact of its international operations.
Decoding GPRO&#39;s International Revenue Trends
During the quarter, Europe, Middle East and Africa contributed $52.01 million in revenue, making up 33.5% of the total revenue. When compared to the consensus estimate of $42.06 million, this meant a surprise of +23.65%. Looking back, Europe, Middle East and Africa contributed $94.81 million, or 32.1%, in the previous quarter, and $46.02 million, or 26.3%, in the same quarter of the previous year.
Asia and Pacific area countries generated $26.86 million in revenues for the company in the last quarter, constituting 17.3% of the total. This represented a surprise of -24.07% compared to the $35.38 million projected by Wall Street analysts. Comparatively, in the previous quarter, Asia and Pacific area countries accounted for $73.71 million (25%), and in the year-ago quarter, it contributed $39.19 million (22.4%) to the total revenue.
Projected Revenues in Foreign Markets
For the current fiscal quarter, it is anticipated by Wall Street analysts that GoPro will report a total revenue of $170.71 million, which reflects a decline of 29.2% from the same quarter in the previous year. The revenue contributions are expected to be 38.3% from Europe, Middle East and Africa ($65.41 million) and 32.1% from Asia and Pacific area countries ($54.87 million).
For the full year, the company is expected to generate $932.6 million in total revenue, down 7.3% from the previous year. Revenues from Europe, Middle East and Africa and Asia and Pacific area countries are expected to constitute 30.7% ($286.34 million) and 25.7% ($239.93 million) of the total, respectively.
Final Thoughts
The dependency of GoPro on global markets for its revenues presents a mix of potential gains and hazards. Thus, monitoring the trends in its overseas revenues can be a key indicator for predicting the firm&#39;s future performance.
In an era of growing international interdependencies and escalating geopolitical disputes, Wall Street analysts are vigilant in tracking these trends for businesses with a global reach, in order to refine their predictions of earnings. It should be noted, however, that a multitude of other elements, such as a company&#39;s domestic position, also play a significant role in shaping the earnings forecasts.
We at Zacks strongly focus on the dynamic earnings forecast of companies, given that empirical studies have demonstrated its potent impact on the immediate price movement of stocks. Invariably, there&#39;s a positive relationship -- upward earnings predictions often result in an increase in stock prices.
The Zacks Rank, our proprietary stock rating tool, comes with an externally validated impressive track record. It effectively utilizes shifts in earnings projections to act as a dependable barometer for forecasting short-term stock price trends.
At present, GoPro holds a Zacks Rank #3 (Hold). This ranking implies that its near-term performance might mirror the overall market movement.
Examining the Latest Trends in GoPro&#39;s Stock Value
The stock has declined by 12.6% over the past month compared to the 1.3% rise of the Zacks S&amp;P 500 composite. Meanwhile, the Zacks Consumer Discretionary sector, which includes GoPro, has decreased 2% during this time frame. Over the past three months, the company&#39;s shares have experienced a loss of 32.9% relative to the S&amp;P 500&#39;s 4.3% increase. Throughout this period, the sector overall has witnessed a 4.6% decrease.
<a href="https://www.zacks.com/stock/news/2273004/why-gopro-gpro-international-revenue-trends-deserve-your-attention?cid=CS-BENZ-FT-fundamental_analysis|nfm_international_revenues-2273004">To read this article on Zacks.com click here.</a>

Penny Stocks

Media

Why GoPro International Revenue Trends Deserve Your Attention

Today, GoPro, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) announced&nbsp;a large-scale merchandising rollout and sales program at Best Buy, one of the world's largest specialty consumer electronics retailers. The retail expansion combines the installation of completely redesigned world-class product displays, an assisted sales program, and in-store and digital marketing to deliver a complete GoPro experience to customers.

GoPro Expands Retail Availability At Best Buy

Wednesday witnessed a tempering of the bullish sentiment that had buoyed Wall Street in recent sessions, with major indices showing slight declines around <a href="https://www.benzinga.com/markets">midday trading in New York.</a>
Hawkish remarks from Minneapolis Fed President Neel Kashkari and Boston Fed President Susan Collins sparked concerns among investors about the potential delay in rate cuts, as the likelihood of enduring higher interest rates gained traction.
Kashkari asserted that the Fed would likely need to maintain borrowing costs at current levels for an extended period, potentially throughout the year, and did not rule out rate hikes if inflation remained stubbornly high at 3%.
Collins echoed similar sentiments, suggesting that a slowdown in economic growth would be necessary to bring inflation closer to the Fed&#8217;s 2% target, cautioning against premature rate cuts.
The S&amp;P 500, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), edged down by 0.2%, striving for a fifth consecutive day of gains, which would mark the longest winning streak since late January.
The Nasdaq 100 also slipped by 0.2%, while blue-chip stocks in the Dow Jones Industrial Average marginally managed to avoid losses. However, small-cap stocks were the laggards of the day, with the Russell 2000 Index declining by 0.9%.
In the commodities market, the Energy Information Administration&#8217;s report of a decline in crude oil inventories last week led to a modest 0.6% increase in West Texas Intermediate prices. Gold prices remained steady, while silver experienced a modest uptick of 0.6%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded flat at $62,300.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance Of Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg</td>
<td>%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,938.23</td>
<td>+53.97</td>
<td>0.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,062.51</td>
<td>-28.94</td>
<td>-0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,177.51</td>
<td>-10.19</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,056.16</td>
<td>-1.81</td>
<td>-0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:54 EDT</figcaption></figure>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Uber Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NASDAQ">UBER</a>) fell over 9% after the company missed earnings expectation, ad reported a loss in Q1. </li>
<li>Other stocks reacting to earnings were Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), down 19%, Tripadvisor.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>), down 29%, Kyndril Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KD#NYSE">KD</a>) up 23%, Emerson Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) up 3.5%, Vista Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>), Broadbidge Financial Solutiom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BR#NYSE">BR</a>) down 6%, TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) down 3% Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), up 6%, Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), up 3% Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDT#NYSE">RDT</a>) up 2.3%, Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) down over 11%, Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) down over 6%.</li>
<li>Those reporting after the close include Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>), Bumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>), Cheesecake Factory Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>), Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>), HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>), News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>), Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) and SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>).</li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38701300/apples-new-m4-ipads-more-powerful-than-any-ai-pc-today-set-to-boost-sales">Apple&#8217;s New M4 iPads: &#8216;More Powerful Than Any AI PC&#8217; Today, Set To Boost Sales</a>
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Stocks Falter As Fed Signals Need For Higher-For-Longer Rates; Uber Crashes, Energy Sector Loses Ground: What's Driving Wednesday's Market?

Wedbush analyst Alicia Reese reiterates GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) with a Neutral and maintains $2 price target.

Reiteration

Wedbush Reiterates Neutral on GoPro, Maintains $2 Price Target

U.S. stocks are on track for a mixed start on Wednesday as the <a href="https://www.benzinga.com/news/earnings/24/05/38683629/twilio-q1-earnings-revenue-beat-eps-beat-buyback-update-and-more">market digests mixed earnings reports</a> and looks ahead to more speeches by Federal Reserve officials. Given the paucity of any market-moving economic data, the spotlight will likely be on central bank officials&#8217;s statements about rates and inflation.
The still-contained bond yields suggest traders are still harboring hopes of rate cuts this year. The importance of each incoming data, therefore, can&#8217;t be emphasized enough. &#8220;Wall Street will continue to root for bad economic news since it wants to guilt the Fed to begin cutting key interest rates sooner rather than later,&#8221; said fund manager Louis Navellier.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.03%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.01%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.07%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.46%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Wednesday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged up 0.02% to $517.24,&nbsp;while the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.02% to $440.21, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Previous Session:
Some disappointing earnings, particularly from the tech space, were used by traders as a reason for profit-taking on Tuesday. To make matters worse, Minneapolis Fed President Neel Kashkari, while speaking at a Milken Institute conference., said the the Fed may have to stay higher for longer. He also opined that inflation may not be too high to contain inflationary pressure.
The major averages opened on a mixed note and experienced some volatility in the morning session. Although the indices moved uniformly higher and hovered above the unchanged line during the mid-session, they pulled back in the afternoon. While the Nasdaq Composite settled the day modestly lower, the S&amp;P 500 Index and the Dow Industrials experienced modest gains.
Most sectors advanced, although consumer discretionary, IT, and energy stocks came under selling pressure.
In the process, the Dow Industrials extended its winning streak to five sessions, the S&amp;P 500 was higher for a fourth straight session.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td> Index</td>
<td> Performance (+/-)</td>
<td> Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.10%</td>
<td>16,332.56</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.13%</td>
<td>5,187.70</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.08%</td>
<td>38,884.26</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.19%</td>
<td>2,064.65</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Despite the volatility seen in the market, the broader trajectory in the near term could be higher, said a technical analyst. Fund Strat Global Head of Technical Strategy Mark Newton said in a note on Monday equities remain in a new short-term bullish uptrend as part of intermediate-term uptrends which never wavered during the recent three-week decline.  
&#8220;While more evidence of falling Yields and the US Dollar is likely beginning in the days/weeks ahead, it's likely that the recent uptick in Healthcare, Financials and Industrials are constructive factors for this market technically and should help it broaden out,&#8221; he said. 
The analyst also attaches significance to the bounce seen in SMID-cap stocks over the past week. &#8220;This recovery is also important despite it being in its infancy,&#8221; he said. Newton said he expects the S&amp;P 500 Index to begin its trek back to late March highs at 5264.85 and should exceed this en route to 5400.
Upcoming Economic Data:
<ul>
<li>The Commerce Department is due to release its wholesale inventories report at 10 a.m. EDT. Economists, on average, expect a 0.4% month-over-month decline in wholesale inventories in March, reversing most of the 0.5% gain in February.</li>
<li>The Energy Information Administration will release its customary weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>Fed Vice Chair Philip Jefferson is due to speak at 11 a.m. EDT, followed by Boston Fed President Susan Collins at 11:45 a.m. EDT and Fed Governor Lisa Cook at 1:30 p.m. EDT.</li>
<li>The Treasury will auction 10-year notes at 1 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/best-futures-brokers">Best Futures Brokers </a>
Stocks In Focus:
<ul>
<li>Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) climbed over 7.50% <a href="https://www.benzinga.com/premarket">in premarket trading </a>following its earnings announcement.</li>
<li>Other stocks moving on earnings are Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>) (down over 6%), Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) (down about 3.50%), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) (up about 3.80%), Luminar Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>), Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) (up over 16%), Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDT#NYSE">RDT</a>) (up nearly 15%), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) (down over 4%), Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) (down over 6%), RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) (up nearly 14%), Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) (up about 15%), DoubleVerify Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) (down about 39%), ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) (down over 22.50%) and Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) (up over 5%).</li>
<li>Anheuser-Busch InBev SA/NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Choice Hotels International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>), The New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>), Taboola.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLA#NASDAQ">TBLA</a>), Sunoco LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUN#NYSE">SUN</a>), Teva Pharmaceutical Industries Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>), Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) are among the<a href="https://www.benzinga.com/calendars/earnings"> notable companies reporting ahead of the market open.</a></li>
<li>Those reporting after the close include Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>), Bumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>), Cheesecake Factory Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>), Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>), HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>), News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>), Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) and SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>).</li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures were seen extending their declines and were down about a percent and gold futures traded flattish with a slight negative bias. The 10-year bond yield rose 18 basis points but held below the 4.5% mark. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell over 2% to under $62.5K.
Most Asian markets slipped on Wednesday, tracking the lackluster performances of Wall Street stocks overnight, while the European markets firmed up in early trading.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/05/38636014/will-earnings-cheer-continue-this-week-all-eyes-on-disney-palantir-robinhood-while-reddit-gears-up-">Will Earnings Cheer Continue This Week? All Eyes On Disney, Palantir, Robinhood While Reddit Gears Up For Debut Quarterly Report</a>

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Wall Street Poised For Muted Open On Mixed Earnings, With More Fed Speeches In Store: Analyst Sees S&P 500 Crossing Late-March High

For the second quarter of 2024, GoPro&nbsp;expect to deliver revenue of approximately $170 million, down 29% year-over-year. GoPro&nbsp;estimate Street ASP in the second quarter to be approximately $330, down 4% year-over-year.&nbsp;&nbsp;
&nbsp;The revenue outlook for the second quarter is reduced by $20 million due to the push of new entry-level camera to the third quarter.&nbsp;
GoPro is&nbsp;factoring in a delayed launch of new entry-level camera from Q2 2024 to Q3 2024, and new 360 camera to late Q4 2024. This is expected to negatively impact revenue in a range of $65 to $85 million in 2024.&nbsp;

Guidance

GoPro Expects Q2 Revenue $170M +/- $5M, Est $225.753M

GoPro Says New Flagship HERO Camera, And All Of Its Performance Enhancements, Remains On-track For Scheduled Launch Later This Year

GoPro, Inc. 2024 Q2 - Results - Earnings Call Presentation

GoPro, Inc. (GPRO) Q2 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
As the augmented reality (<a href="https://investorplace.com/stock-quotes/ar-stock-quote/">AR</a>) market continues to evolve, excitement around its potential has led to inflated valuations for several stocks within the sector. However, the reality of technological integration and consumer adoption has not kept pace with investor expectations. This mismatch is particularly problematic as AR firms struggle with the complexities of refining AR technologies and securing sustainable revenue streams.



The augmented reality market could <a href="https://www.skyquestt.com/report/augmented-reality-market#:~:text=Augmented%20Reality%20(AR)%20Market%20was,period%20(2024%2D2031).">grow</a> to $432 billion by 2031, a CAGR of 33.5%. Although the industry is ready for robust growth, it is still in its nascent stages, and the road to profitability is fraught with challenges. These challenges include high development costs and a competitive landscape that is becoming increasingly crowded.



Investors who moved early into AR stocks are now facing the tough decision of whether to hold on in hopes of long-term gains or to cut losses before potential declines. Here are three augmented reality stocks to sell that might be heading for a downturn. Consider dumping them before potential declines further impact their market value.



<h2>GoPro (GPRO)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/10/Tech-stocks-that-will-disappear-GoPro-MSN-300x165.jpg" alt="GoPro stock"><div>Source: GoPro</div></div>GoPro (NASDAQ:<a href="https://investorplace.com/stock-quotes/gpro-stock-quote/">GPRO</a>) is facing a gloomy outlook, with its core products facing significant headwinds.



The company&rsquo;s market share has been consistently eroding. It <a href="https://www.artworkflowhq.com/resources/how-gopro-strategic-word-of-mouth-and-brand-visuals-drove-growth">held</a> an 89% market share in 2021 but has continued to lose dominance since then. This decline mirrors the company&rsquo;s sales figures. GoPro witnessed a revenue <a href="https://seekingalpha.com/symbol/GPRO/income-statement">drop</a> from $1.09 billion in 2022 to $1 billion in 2023. The stagnant growth is indicative of a company struggling to find its footing in a highly competitive market.



GoPro&rsquo;s recent strategic pivots, notably its shift from bundling cameras with subscription services, have not produced the desired effects. This change was marked by a significant slowing in subscriber growth, which is particularly concerning given that subscriptions had been a rare bright spot in GoPro&rsquo;s financial landscape.



Financially, GoPro is on shaky ground. The company&rsquo;s earnings reports indicate continuing losses, with a notable adjusted EBITDA <a href="https://investor.gopro.com/press-releases/press-release-details/2024/GoPro-Announces-First-Quarter-Results/#:~:text=Adjusted%20EBITDA%20was%20negative%20%2429,for%2020%25%20of%20camera%20revenue.">loss</a> of $29 million. This financial instability is exacerbated by GoPro&rsquo;s dwindling cash reserves, which have fallen sharply, placing the company in a precarious position regarding future investments and operational stability.



<h2>Snap (SNAP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/snapchat-app-300x169.png" alt="The Snapchat (SNAP) and Instagram apps on displayed on an iPhone, which sits on a gray background."><div>Source: BigTunaOnline / Shutterstock</div></div>Snap (NYSE:<a href="https://investorplace.com/stock-quotes/snap-stock-quote/">SNAP</a>) is at a critical juncture as it grapples with multiple challenges that are increasingly difficult to ignore. Despite its popularity among younger demographics, Snap&rsquo;s financial and operational health raises significant concerns.



Snap&rsquo;s daily active users (DAU), a crucial metric for social media platforms, have shown signs of plateauing. The company <a href="https://seekingalpha.com/article/4709521-snap-inc-snap-q2-2024-earnings-call-transcript">reported</a> 432 million DAUs at the end of the second quarter, only slightly up from a year earlier. This sluggish growth rate is concerning, particularly in the highly competitive social media space where newer platforms like TikTok continue to gain market share rapidly.



Snap&rsquo;s growth in user base is crucial for its revenue, which primarily comes from advertising. Stagnation in user growth directly impacts ad revenue potential, casting doubts on long-term sustainability.



While Snap has attempted to innovate with augmented reality ads and other interactive formats, its overall monetization strategies lag behind those of its competitors. The average revenue per user has been inconsistent, with Snap struggling to significantly boost this metric in key markets. Furthermore, the global advertising industry faces headwinds from economic uncertainties, which could lead to reduced ad spending, affecting platforms like Snapchat, which rely heavily on brand advertising.



<h2>Autodesk (ADSK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/autodesk_adsk1600-300x169.jpg" alt="An Autodesk (ADSK) sign on an office in Toronto, Canada."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Autodesk (NASDAQ:<a href="https://investorplace.com/stock-quotes/adsk-stock-quote/">ADSK</a>) has been integrating augmented reality into its suite of tools to enhance visualization and interaction with complex designs and models. The company is navigating through turbulent market conditions amidst an ambitious transformation of its business model.



Autodesk&rsquo;s transition to a subscription-based model poses short-term challenges. The shift has introduced volatility in cash flows and raised concerns about the impact on long-term customer loyalty and pricing power.



The company faces stiff <a href="https://www.gartner.com/reviews/market/cad-software/compare/autodesk-vs-dassault-systemes">competition</a> from both established players and emerging challengers in the CAD and cloud-based design market. Companies like Dassault Syst&egrave;mes and newer entrants are aggressively innovating and potentially undercutting Autodesk&rsquo;s pricing model. The competitive landscape is likely to exert further pressure on Autodesk&rsquo;s ability to expand its market share, which could impact its profitability.



Moreover, Autodesk&rsquo;s valuation has come under scrutiny of late. Autodesk trades at a forward P/E ratio significantly <a href="https://seekingalpha.com/symbol/ADSK/valuation/metrics">higher</a> than its industry peers, which creates more risks for new investors.



On the date of publication, Mohammed Saqib did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Mohammed Saqib is a research analyst with experience in equity research and financial modeling. He has extensively covered stocks listed in the tech sector using fundamental analysis as the cornerstone of his approach. Currently pursuing a master&rsquo;s degree in finance, Saqib is dedicated to obtaining the CFA charter to augment his expertise in the field further.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/3-augmented-reality-stocks-to-sell-in-august-before-they-crash-burn/">3 Augmented Reality Stocks to Sell in August Before They Crash &amp; Burn</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Augmented Reality Stocks to Sell in August Before They Crash & Burn

In a report released today, Alicia Reese from Wedbush maintained a Hold rating on GoPro (GPRO – Research Report), with a price target of $1.50. The...

GoPro (GPRO) Gets a Hold from Wedbush

Morgan Stanley analyst Erik Woodring maintained a Sell rating on GoPro (GPRO – Research Report) today and set a price target of $1.20. The company'...

Morgan Stanley Reaffirms Their Sell Rating on GoPro (GPRO)

Morgan Stanley analyst Erik Woodring maintained a Sell rating on GoPro (GPRO – Research Report) yesterday and set a price target of $1.20. I'm sorr...

N/A – Inadequate Information for Analyst Recommendation Report Summary

GoPro announces 15% reduction in workforce

GoPro ($GPRO), once the dominant brand in the action camera market, is grappling with a growing list of competitors, leading to a decrease in marke...

GoPro Grapples With Ongoing Competition as Stock Suffers

Oppenheimer analyst Martin Yang maintained a Hold rating on GoPro (GPRO – Research Report) today. The company's shares closed yesterday at $1.24. Y...

Oppenheimer Remains a Hold on GoPro (GPRO)

GoPro: Turnaround Measures Are In Place, But Saving This Brand Is Still Unlikely

ADSK

SNAP

Press Releases

GoPro Recognized in 2024-2025 'Best Companies to Work For' Rankings by U.S. News & World Report

Contracts

GoPro Partners with SoftBank Group's SB C&S Corporation for Additional Distribution in Japan

GoPro Announces Second Quarter 2024 Earnings Webcast

Entertainment

GoPro Brings You into the Eye of the Storm for Universal Pictures, Warner Bros. Pictures and Amblin Entertainment's TWISTERS

GoPro Announces Second Quarter Results

GoPro to Present at Oppenheimer 27th Annual Technology, Internet & Communications Conference

GoPro Announces Two New Cameras: The $399 HERO13 Black and the $199 HERO

GoPro's Tiny 4K Camera Hits Global Shelves at $199 MSRP

GoPro Returns as the Exclusive Action Camera of Legendary Freeride Mountain Bike Event Red Bull Rampage 2024

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