Why Are Investors Piling Into These 4 Stocks?

Shares of beaten-up action camera maker GoPro Inc (NASDAQ:GPRO) are up by over 10% today after the analysts at FBR speculated that Apple Inc. (NASDAQ:AAPL) could buy the company. The analysts think an acquisition of GoPro would make sense, as action cameras are at the intersection of Apple’s wearable, smartphone, and multimedia offerings. Apple has acquired similar bite-sized companies to supplement its product portfolio before (such as Beats Audio) and given Apple’s hundreds of billions on its balance sheet, financing certainly isn’t an issue. Given GoPro Inc (NASDAQ:GPRO)’s forward P/E of 12.67, shares are arguably close to value territory now as well. Joel Greenblatt‘s Gotham Asset Management owned 580,672 GoPro shares at the end of September.

Last but not least, ATM and POS systems manufacturer NCR Corporation (NYSE:NCR) is up by 2% as investors become more bullish about the company’s future. Shares of NCR Corporation (NYSE:NCR) trade at just 8.97-times forward earnings estimates, or about half of the S&P 500’s foward P/E ratio. They also trade at just 2.69-times book value. Given the cheap valuation, many smart money investors are long the stock. 42 elite funds that we track owned 26.4% of NCR’s float at the end of the third quarter.

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