GoPro's Super Bowl is Thursday (GPRO)

The next few days will be big for GoPro. In fact, I think its stock is a good bet to go longer than the passes thrown by Tom Brady and Russell Wilson in the Super Bowl. GoPro (Nasdaq: GPRO) shares have been knocked down significantly since the company let down high-hopes at the Consumer Electronics Show (CES), in my opinion. But GPRO’s latest decline has situated the stock at a sweet spot just ahead of what should be a strong upside catalyst, its earnings report, due Thursday February 5th. Recall that simple speculation about a potential operational announcement at CES sent the stock soaring off similar lows previously. The heavily shorted name remains sensitive to good news, and there is an excellent chance it will have some of that to report this week, so I expect the stock to begin moving ahead of its report and to continue to rally through it. See the GoPro (GPRO) stock report here.

DISCLOSURE: Kaminis is long GPRO. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.