Consumer Goods Stocks Technical Commentary -- GoPro, Brunswick, Travelport Worldwide, and Liberty TripAdvisor
NEW YORK, July 28, 2016 /PRNewswire/ --
Despite a strong performance in the beginning of the year, the Consumer Goods industry is now facing a string of challenges that include evolving consumer tastes, advancements in technology, and economic conditions. Review the following stocks and see where they stand in the market today: GoPro Inc. (NASDAQ: GPRO), Brunswick Corp. (NYSE: BC), Travelport Worldwide Ltd (NYSE: TVPT), and Liberty TripAdvisor Holdings Inc. (NASDAQ: LTRPA). Learn more about these stocks by accessing their freenotes at:
http://stock-callers.com/registration
GoPro
San Mateo, California headquartered GoPro Inc.'s stock finished Wednesday's session 2.21% higher at $11.57. A total volume of 10.30 million shares was traded, which was above their three months average volume of 6.26 million shares. The Company's shares have advanced 13.32% in the past month. The stock is trading above its 50-day moving average by 8.73%. Furthermore, shares of GoPro, which develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content, have a Relative Strength Index (RSI) of 55.15.
On July 27th, 2016, GoPro announced financial results for its second quarter ended June 30th, 2016. The company reported that its Q2 2016 revenue increased 20% to $221 million sequentially, driven by an 8% increase in units shipped to 759,000 and an 11% increase in average selling price. Unit sell-thru was up approximately 10% sequentially and was more than 50% higher than sell-in for the second quarter in a row, resulting in an estimated 35% sequential reduction in channel inventory. Inventory declined $50 million, or 36%, from the first quarter to $90 million, its lowest inventory level since the second quarter of 2014. GPRO complete notes are just a click away at:
http://stock-callers.com/registration/?symbol=GPRO
Brunswick
On Wednesday, shares in Lake Forest, Illinois headquartered Brunswick Corp. ended the session at $50.30, slightly down 0.61%. The stock recorded a trading volume of 1.94 million shares, which was higher than its three months average volume of 1.08 million shares. The Company's shares have gained 20.28% in the last one month and 0.27% since the start of this year. The stock is trading 6.93% above its 50-day moving average and 6.46% above its 200-day moving average. Moreover, shares of Brunswick, which designs, manufactures, and markets recreation products worldwide, have an RSI of 61.74.
On June 30th, 2016, Brunswick announced that the company and a group of financial institutions have amended and extended the Company`s revolving credit facility. The extended facility will be in effect through June 2021, and remains at $300 million providing Brunswick more favorable terms in light of its strong operating performance and credit profile. The complimentary notes on BC can be accessed at:
http://stock-callers.com/registration/?symbol=BC
Travelport Worldwide
Langley, the U.K. headquartered Travelport Worldwide Ltd's stock ended yesterday's session 1.48% lower at $13.28 and with a total volume of 779,802 shares traded. The Company's shares have advanced 15.58% in the past month and 4.13% on an YTD basis. The stock is trading 1.86% and 2.50% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Travelport Worldwide, which offers travel commerce platform that provides distribution, technology, payment, and other solutions for the travel and tourism industry in the U.S., the U.K., and internationally, have an RSI of 51.84.
On July 19th, 2016, Travelport announced the appointment of Scott Forbes to its Board of Directors effective from July 15th, 2016. He replaces Gregory Blank from Blackstone who has tendered his resignation to the Board following Blackstone's share sell down in March 016. Scott has over 35 years of operations, finance and online experience across a range of industry sectors. Sign up for your complimentary notes on TVPT at:
http://stock-callers.com/registration/?symbol=TVPT
Liberty TripAdvisor Holdings
At the close, shares in Englewood, Colorado-based Liberty TripAdvisor Holdings Inc. recorded a trading volume of 347,804 shares. The stock finished 0.34% lower at $23.58. The Company's shares have gained 17.66% in the last one month and 7.82% in the previous three months. The stock is trading above its 50-day moving average by 4.55%. Furthermore, shares of Liberty TripAdvisor Holdings, which together with its subsidiaries, engage in on-line travel research and on-line commerce businesses worldwide, have an RSI of 58.52.
On July 06th, 2016, Liberty TripAdvisor announced that interested shareholders and analysts are invited to participate in a brief quarterly Q&A session following the completion of the prepared remarks on Liberty Interactive Corporation's second quarter earnings conference call. Chairman, President and Chief Executive Officer, Greg Maffei, will host the conference call on August 5th, 2016 at 12:15 p.m. (E.D.T.). Get free access to your notes on LTRPA at:
http://stock-callers.com/registration/?symbol=LTRPA
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. RohitTuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article