GoPro's IPO, Nike's Hot Quarter, and B&N's Big Nook Move

Good morning, good lookin'... The three things you need to know on June 27th are:

Jun 26, 2014 at 11:00PM
Wall Street's performance Thursday made us want to pop open some Jim Beam infused weekend pancake syrup a bit early. (It goes on breakfast or in a shot glass.) The Dow (DJINDICES:^DJI) dropped more than 120 points in the morning, but finished the day down 21 points as investors begin to worry about the economy's post-winter rebound.

1. GoPro camcorder soars after IPO
Any IPO is go-time. That's when the CEO opens his company up to millions of people who want to own a piece. The perfect material that's good to capture this experience? A GoPro camera. It was with great excitement that GoPro (NASDAQ:GPRO) CEO Nick Woodman live-streamed his company's IPO on Thursday in the tech-focused Nasdaq stock market.

GoPro's one of those rare headline IPOs involving a company that actually makes things. Since Skullcandy headphones went public in 2011, Wall Street hype has focused on tech IPOs (Facebook, Twitter, Yelp) -- but GoPro is killing it with just a simple camera. The top-selling camcorder last year is used by surfers, bull riders, sky divers, and other adrenaline junkies desperate for Red Bull.

It's also popular with boring people who want to record their boring lives every minute of every day. With that target demographic in mind, the company sold 17 million shares for $24 each, raising more than $400 million in capital -- and that meant giving up only 14% of the GoPro's total shares.

So how did GoPro go? With cameras rolling, the stock blew up 31% on its virgin day in the markets, rising to $31 per share. This opening performance values the dynamic electronic company at more than $3 billion -- and makes Woodman a billionaire.
 
2. World Cup endorsements boost Nike stock
This earnings report just did it. Shares of legendary sports retailer Nike (NYSE:NKE) rose more than 3% in after-hours trading Thursday after detailing its well-played quarter. Revenue rose by $7.43 billion, 13% greater than the same period last year, and notably higher than the $7.34 billion Wall Street was expecting.

Flopping European soccer players may be the most pathetic thing contact-sport-worshiping Americans have ever seen on TV, but they're paying Nike's bills. Nike's known for owning the endorsement game, and managed to sign 10 of the world's "most marketable" soccer players ahead of the World Cup. Adidas signed only three, and Puma just one.

The takeaway is that Nike's looking for an upset in the world of soccer. The sultan of swoosh may be Planet Earth's largest sportswear designer, but Adidas has historically controlled the "football" market like a young David Beckham (the only soccer player we could think of). Now, the Brazil World Cup is giving Nike some serious brand recognition outside America.

3. Barnes & Noble spinning-off Nook tablets
If you love reading your morning MarketSnacks on a tablet, then bookstore chain Barnes & Noble (NYSE:BKS) has some headline-worthy news for you. The bookseller's Board of Directors decided to separate the company's retail business from its Nook tablet business, spinning-off Nook into its own publicly traded company by 2015.
 
The takeaway is you probably prefer an iPad or Kindle. Apple and Amazon dominate this market, and the Nook's $87.1 million in revenue last quarter was a 22% drop from the previous year. But as B&N's overall revenue has risen 3.5% in the last year, management thinks Nook can make it on its own -- and Wall Street agreed, sending the stock up more than 7% Thursday.
 
As originally published on MarketSnacks.com.
 

Bank of America + Apple? This device makes it possible.
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its destined to change everything from banking to health care. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here

Jack Kramer has no position in any stocks mentioned. Nick Martell has no position in any stocks mentioned. The Motley Fool recommends Nike. The Motley Fool owns shares of Barnes & Noble and Nike. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

Whether that's helping the entirely uninitiated overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we want to provide our readers with a boost to the next step on their journey to financial independence.

Articles and beyond

As Business Insider wrote, there are a number of resources available from the Fool for investors of all levels and styles.

In addition to the dozens of free articles we publish every day on our website, I want to highlight two must-see spots in your tour of fool.com.

For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

But the individual investor can beat the market. The real secret to investing is that it doesn't take tons of money, endless hours, or super-secret formulas that only experts possess.

That's why we created a best-selling guide that walks investors-to-be through everything they need to know to get started. And because we're so dedicated to our mission, we've made that available for free.

If you're just starting out (or want to help out someone who is), go to www.fool.com/beginners, drop in your email address, and you'll be able to instantly access the quick-read guide ... for free.

For the listener

Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. It's also featured on several dozen radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at www.fool.com/podcasts.

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

Investor Insights is valuable and enjoyable coverage of everything from macroeconomic events to investing strategies to our analyst's travels around the world to find the next big thing. Also free.

Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.


Compare Brokers