For the auto industry, the 21st century will be defined by new technology, and analysts believe that Mobileye NV MBLY 1.01% is positioned to be a major player. Barclays analyst Brian Johnson likes what he sees from Mobileye’s Q1 results, but the Mobileye story is all about the future.

“MBLY announced its EyeQ5 chip, showed progress in REM and EyeQ4, and is finalizing details around two projects for fully autonomous driving,” Johnson explained.

“This progress shows that in addition to MBLY’s solid results today, it is also accelerating its move to be at the center of the autonomous driving ecosystem.”

Johnson sees the REM project as the best chance for a near-term catalyst for the stock. He believes Mobileye will begin shedding some light on the potential business impact of the REM program within the next six months.

Barclays isn’t the only firm with a bullish take on Mobileye. Morgan Stanley analyst Adam Jonas recently named…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!