&l;em&g;&l;strong&g;This &a;ldquo;Noah&a;rsquo;s Ark&a;rdquo; analysis helps identify what lurks beneath the headlines.&l;/strong&g;&l;/em&g;
&l;img class=&q;dam-image shutterstock size-large wp-image-707227246&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/707227246/960×0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; Shutterstock
As I picked through 2017&s;s ETF winners and losers one last time, some very interesting situations popped out at me. &a;nbsp;I actively track about 100 ETFs that represent different investment categories, themes, asset classes or sectors. &a;nbsp;Collectively, that group of 100 ETFs allows me to get a wide perspective on where returns are being made…and where they are not.
Now, I may not be the first one to tell you that simply looking at past returns is not a way to invest, even though I believe that the majority of investors and financial advisors do prioritize that (to their ultimate detriment). &a;nbsp;What I will highlight here are some ETFs that, through their returns and return patterns last year, tell us a&a;nbsp;&l;span&g;lot about market sentiment and possibly where some extremely overvalued and undervalued market areas lie&l;/span&g;. &a;nbsp;You see, market sectors often move from one extreme to the other over time.&a;nbsp; So while Wall Street analysts try to determine &a;ldquo;fair value&a;rdquo; of stocks, sectors and the broad market, prices don&a;rsquo;t care, and often overshoot targets in both directions.
Top Undervalued Stocks To Own Right Now: Pershing Gold Corporation(PGLC)
- [By Sara Cornell]
Leading the way is CEO Edward Karr. As a founder of Pershing Gold Corp (NASDAQ:PGLC), he currently serves on their Board of Directors, and has been active in the natural resource industry for many years. With a background in finance and investment banking, Karr is credited with raising capital to begin operations at US Gold Corp, and establishing financing for both the operational and exploration sides of the company.
Top Undervalued Stocks To Own Right Now: Ambarella, Inc.(AMBA)
- [By Peter Graham]
Ambarella, Inc. (AMBA) has been all over the map over the last few years. It has defied gravity both to the up and to the downside, and although today’s suggested short of the stock is strictly technical, we do believe its current share price has once again gotten a little out of line when you compare it to the rest of the markets’ valuation metrics right now.
- [By Leo Sun]
Intel’s acquisition of Movidius caused serious headachesfor Ambarella (NASDAQ:AMBA), which sells image processing SoCs for action cameras, dash cams, security cameras, and drones. Movidius’ Myriad 2 VPUs bundled together image processing, computer vision, and machine learning capabilities, which left Ambarella’s SoCs behind a crucical tech curve.
- [By Sreekanth Anasa]
Shares of Ambarella (NASDAQ:AMBA) did not have a good outing in the month of March. AMBAstock lost close to 3% in March. Further, AMBA stock did not have a great start to the month of April and is down marginally. As things stand, AMBA stock is set for further downtrend since AMBA stock has made a bearish crossover with its 50-day SMA. AMBA stock closed below its 50-day SMA on April 7th indicating a bearish signal. 50-day SMA has acted as a good support for AMBA stock recent past. Also, as seen in the Ambarella stock technical chart, last week, MACD value turned negative which is another bearish signal in recent days. AMBA stock is also facing strong resistance from its 100-day SMA in the last few trading sessions. It has been hovering around its 100-day SMA trend line but has not been able to break free.
- [By Peter Graham]
We had GoPro Inc as a SmallCap Network Elite Opportunity (SCN EO) portfolio pick when it was still outperformingandlater on we suggested ashort-term short position in thestock. We also had positions in semiconductor and high-definition video solutions stockAmbarella Inc (NASDAQ: AMBA)- a key GoPro Inc supplier.
- [By Lisa Levin]
Shares of Ambarella Inc (NASDAQ: AMBA) got a boost, shooting up 16 percent to $62.78 after the company reported stronger-than-expected results for its third quarter.
Top Undervalued Stocks To Own Right Now: Carlisle Companies Incorporated(CSL)
- [By Lisa Levin] Gainers
Daré Bioscience, Inc. (NASDAQ: DARE) shares climbed 54.2 percent to $1.25 on news that the company entered into worldwide license agreement for Juniper Pharmaceuticals' intravaginal ring technology platform.
Travelzoo (NASDAQ: TZOO) climbed 21.3 percent to $9.40 following strong Q1 results.
Intrepid Potash, Inc. (NYSE: IPI) gained 16.5 percent to $4.60.
K12 Inc. (NYSE: LRN) shares rose 11.2 percent to $15.4206 following Q3 results.
Chicago Bridge & Iron Company N.V. (NYSE: CBI) shares rose 11 percent to $15.3289. McDermott issued a release reiterating rejection of Subsea 7's offer.
Six Flags Entertainment Corporation (NYSE: SIX) shares gained 9.2 percent to $64.61 as the company posted a narrower-than-expected loss for its first quarter.
Tupperware Brands Corporation (NYSE: TUP) surged 8.5 percent to $46.00 as the company posted in-line quarterly earnings.
Carlisle Companies Incorporated (NYSE: CSL) climbed 7.5 percent to $107.22 after reporting Q1 results.
Allena Pharmaceuticals, Inc. (NASDAQ: ALNA) rose 6.1 percent to $14.78. B. Riley initiated coverage on Allena Pharmaceuticals with a Buy rating.
Texas Instruments Incorporated (NASDAQ: TXN) rose 4.6 percent to $102.90 after the company reported stronger-than-expected earnings for its first quarter on Tuesday.
Credit Suisse Group AG (NYSE: CS) rose 4.5 percent to $17.03 following strong Q1 results.
STMicroelectronics N.V. (NYSE: STM) rose 4.2 percent to $22.20 after reporting Q1 results.
Check out these big penny stock gainers and losers
- [By Lisa Levin] Gainers
Daré Bioscience, Inc. (NASDAQ: DARE) shares jumped 56.69 percent to close at $1.27 on Wednesday on news that the company entered into worldwide license agreement for Juniper Pharmaceuticals' intravaginal ring technology platform.
Vicor Corporation (NASDAQ: VICR) rose 26.84 percent to close at $37.10. Vicor posted Q1 earnings of $0.10 per share on sales of $65.2 million.
AGM Group Holdings Inc. (NASDAQ: AGMH) climbed 25.56 percent to close at $10.61.
Travelzoo (NASDAQ: TZOO) gained 24.7 percent to close at $9.75 following strong Q1 results.
Intrepid Potash, Inc. (NYSE: IPI) shares climbed 19.24 percent to close at $4.71.
China Customer Relations Centers, Inc. (NASDAQ: CCRC) rose 18.73 percent to close at $18.64.
Genprex, Inc. (NASDAQ: GNPX) climbed 18.28 percent to close at $5.89. Genprex expanded its operations to Cambridge, Mass.
Scorpio Tankers Inc. (NYSE: STNG) rose 13.92 percent to close at $2.70 following Q1 results.
Rocky Brands, Inc. (NASDAQ: RCKY) shares surged 13.57 percent to close at $23.85 after reporting Q1 results.
Resonant Inc. (NASDAQ: RESN) shares rose 12.5 percent to close at $4.14 on Wednesday.
USANA Health Sciences, Inc. (NYSE: USNA) jumped 11.24 percent to close at $106.85 following Q1 results.
SUPERVALU Inc. (NYSE: SVU) rose 11.16 percent to close at $16.24 after the company reported Q4 results and agreed to sell and leaseback eight distribution centers for an aggregate purchase price of $483 million.
K12 Inc. (NYSE: LRN) shares gained 10.74 percent to close at $15.36 following Q3 results.
Tupperware Brands Corporation (NYSE: TUP) rose 9.15 percent to close at $46.28 as the company posted in-line quarterly earnings.
Six Flags Entertainment Corporation (NYSE: SIX) shares climbed 8.49 percent to close at $64.18 as the company posted a narrower-than-expected loss for its first quarter.
Carlisle Companies Incorporated (NYSE: CSL) gained 8.2 percent to close at $107.94 af