People Love GoPro Inc (GPRO) and Stratasys, Ltd. (SSYS): Jim Cramer

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GoPro Inc (NASDAQ:GPRO) has recently launched its IPO which has been a huge success and the stock has been performing well after that. On the other hand Stratasys, Ltd. (NASDAQ:SSYS) is in a technology that is unique in its own way and it has the trust of the investors. Both of these stocks are doing good on the market currently.

GoPro Inc (NASDAQ:GPRO), Stratasys, Ltd. (NASDAQ:SSYS), Jim Cramer, id Gopro a good stock to buy

Jim Cramer and David Faber of CNBC were discussing the stocks to watch out for which included GoPro Inc (NASDAQ:GPRO) and Stratasys, Ltd. (NASDAQ:SSYS). He said that analysts are recommending GoPro and few have even given it a rating of ‘outperform’. He thinks that the stock revolves around its ecosystem with all the images and YouTube channels and off course the amount of cameras out there that help the company to gain popularity.

“It’s an image ecosystem that YouTube Channels are just one of the YouTube channels. They have got 8.5 million motion capture devices. This remains a tremendous growth story.” Cramer said.

He also said that GoPro Inc (NASDAQ:GPRO)’s devices are everywhere else other than the Soccer World Cup. They also compared the stock with Apple Inc. (NASDAQ:AAPL) because the stock pretty much depends on its ecosystem just the like the iPhone maker.

Cramer said that the main reason for him to like Stratasys, Ltd. (NASDAQ:SSYS) is because it’s a manufacturer unlike 3D Systems Corporation (NYSE:DDD) which doesn’t manufacture products. He said when it comes to industrial grade 3D printing components, Stratasys, Ltd. (NASDAQ:SSYS) is the leader and not 3D Systems Corporation (NYSE:DDD).

“The reason why I always liked Stratasys much more than DDD is it’s a manufacturer” Cramer said.

Peak6 Capital Management is one of the key investors in Stratasys, Ltd. (NASDAQ:SSYS) with over 272,000 shares as of March 31st 2014. Other key investors are Royce & Associates with around 178,000 shares and D E Shaw with 177,700 shares approximately.

Disclosure: None

 

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