Back on Sunday, January 4 of this year, you would have read the Stockerblog.com article exclusively about Ambarella (AMBA). The next day, the stock had closed at 50.67 per share. Last Friday, the stock ended the week at 70.35 a share, a greater than 38% increase, versus the S&P 500, which is basically where it was at the beginning of the year. The Dow Jones Industrial Average is down over half a percent from the beginning of the year, and the NASDAQ is down over 3%.
Ambarella is the company that makes camera chips with GoPro (GPRO) as one of its biggest customers. The Ambarella article covered all the positive aspects of the stock, including the diverse market for the company's chips, strong revenues and earnings, being debt free with lots of cash, and reasonable financial ratios.
The article ended with the statement, "These catalysts all come together to make this stock an investment that should move much higher." Hopefully, you acted on this article and made 38% for yourself. Although AMBA is still a strong company, it wouldn't hurt to take half your profits with the stock market acting a bit shaky lately.
If you missed the original article, you should check it out at Ambarella: a Play on GoPro is Worth a Close Look. I hope to have another big mover to write about shortly.
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