Peloton Interactive, Inc. shares sank further into negative terrain on Tuesday after it reported disappointing first-quarter results and issued weak guidance. Further Downside Limited TFI Securities analyst Ming-Chi Kuo is optimistic that a turnaround could be in the cards. The analyst noted that Peloton shares have declined nearly 50 percent since April 7, when he tweeted that…
Investing During a COVID-Driven Economy
Commentary Timing really is everything. In 2019 an upstart in the consumer discretionary sector was getting ready to go public. In May of that year, it was named to CNBC’s “Disruptor 50” list—a list whose mission is to “identify fast-growing, innovative start-ups on the path to becoming the next generation of great public companies.” Apparently,…
Peloton Laying Off 2,800 Workers but Cushioning Blow With Complimentary Memberships
Peloton is set to lay off around 2,800 workers but is cushioning the blow with complimentary Peloton memberships for 12 months. In announcing plans on Tuesday to cut about 2,800 jobs globally, including about 20 percent of its corporate positions, the New York-headquartered company noted that on-camera instructors and content “will not be impacted by the…
Does a Potential Peloton Acquisition Make Strategic Sense for Apple?
Rumors of a potential sale of Peloton Interactive Inc. have been flying thick and fast following reports of fundamental issues at the at-home fitness brand. While Amazon Inc. and Nike Inc. are being talked of as potential suitors, an analyst at Wedbush said Apple Inc. could also join the race for Peloton. The Apple Analyst…
You Ask, We Analyze: Why Going Short Peloton Stock Is Risky as Amazon M&A Rumors Surface
On Sunday evening, Benzinga asked its followers on Twitter what they’re buying at the open Monday. From the replies, Benzinga selected one ticker for technical analysis. @bobby_soco is looking to potentially take a short position in Peloton Interactive, Inc. Peloton has been on a downward trajectory since Jan. 14, 2021, when the stock hit an…
S&P 500, Nasdaq Rise After Turbulent Week
The S&P 500 and the Nasdaq rose on Monday after a week of choppy trading spurred on by mixed quarterly results from big technology companies. Five of the 11 major S&P sectors advanced, with consumer discretionary stocks leading morning gains. The tech-heavy Nasdaq had a choppy start to February after Facebook owner Meta Platforms lost…
Why This Expert Thinks Apple Will Never Acquire Peloton: ‘Unnecessary and Pricy Headache’
Apple Inc. and Peloton Interactive Inc. may appear to be a good match to some but the tech giant will not acquire the latter, journalist Mark Gurman said in his latest newsletter. What Happened As Apple treads further into fitness, it could help Peloton, but doing so would be an “unnecessary and pricey headache for Apple,”…
Shareholder Wants Peloton to Consider Selling the Company
Activist investor Blackwells Capital is asking Peloton to remove CEO John Foley and consider selling the company just a few days after a media report said the exercise and treadmill company was temporarily halting production of its connected fitness products amid waning consumer demand. In a letter to the board of Peloton Interactive Inc., Blackwells…
Amazon Workers Embracing Great Resignation; Biz Activity Growth Slows to 18-Month Low | NTD Business
Business growth in the U.S. slowing down, thanks to the omicron variant, supply chain bottlenecks not helping either, we talk to a manufacturer and see how they are managing. Peloton suffering another PR crisis, what happened, and why is one investor calling on the company to fire its CEO? Amazon reportedly facing a worker crisis,…
6 Peloton Analysts Break Down Q1 Earnings: ‘Not the Year We Envisioned’
Peloton Interactive Inc. (PTON) shares dropped 35 percent Friday after the company reported a wider-than-expected loss and aggressively cut its full-year guidance. Peloton reported a fiscal first-quarter earnings per share (EPS) loss of $1.25 on revenue of $805.2 million. Both numbers fell short of consensus analyst estimates of a $1.07 per-share loss and $810.7 million,…
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