Up 90%? Don't Sell InvenSense Just Yet
Following a solid 90% gain in 2013, it's easy to understand how tempting it must be for InvenSense shareholders to take their money and run.
After all, shares of the motion-sensor specialist rose 20% in December alone, including an 11% pop Monday thanks to a positive note from analysts at Northland Capital Markets.What's more, InvenSense stock climbed during each its final seven trading sessions to close the year, so it has to fall eventually, right?
Sure, but as the Fool's Steve Symington explains in the following video, tapping that "sell" button now could mean missing out on even bigger gains down the road. Specifically, thanks to increased market penetration and waves of new products ready incorporate InvenSense's key offerings, patient long-term investors should be able to reap huge rewards by staying the course.
Check out the video below to get Steve's full take, then let us know in the comments below whether you think InvenSense stock is worth holding today.
There's a huge difference between a good stock, and a stock that can make you rich. Steve thinks InvenSense belongs in the latter category, but that doesn't mean it's the only great stock our market has to offer.
In fact, The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.
The article Up 90%? Don't Sell InvenSense Just Yet originally appeared on Fool.com.
Fool contributor Steve Symington owns shares of Apple. The Motley Fool recommends Apple, Google, and InvenSense. The Motley Fool owns shares of Apple, Google, and InvenSense. 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.
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