From Investor Place
AMBA and DGLY are set to soar if police body cameras go mainstream
It might seem difficult to connect Ambarella Inc (AMBA) and Digital Ally, Inc (DGLY) to the social conflicts of America. But these two stocks are actually poised to soar now more than ever as the tragic events of Ferguson, Missouri reach a new phase: healing.
For months there has been unrest in the 21,000-person town of Ferguson stemming from the August death of Michael Brown, an 18-year-old unarmed black man who was fatally shot by Darren Wilson, a white police officer.
Last night, a grand jury found that there was no probable cause to indict Wilson, effectively closing the criminal case. But what does this unfortunate series of events have to do with the stock market?
Quite a lot, actually. (more…)