Tag Archives: Stock

Peloton shares crashed more than 34% to $56 on Friday after the at-home fitness player warned about slowing demand for its trademark bike and inefficiencies in its business.  One analyst is staying upbeat on the shares, despite the report being the second straight poor showing for the company. “While we are a bit cautious of this new guide after the last one, and will be watching demand, churn, costs, and liquidity closely, we think tonight’s share price is not reflective of what Peloton… Source link

Stock futures rose Friday morning as traders eyed the Labor Department’s October jobs report, which showed a better-than-expected pick-up in payroll growth and another improvement in the unemployment rate.  Contracts on the S&P 500 advanced. A day earlier, the blue-chip index rallied to a record high, logging a sixth straight record close as technology stocks advanced. The Nasdaq also jumped amid the broad move higher in tech shares, while the Dow closed lower for the first time in six… Source link

UPDATED: Shares of Penn National Gaming fell more than 20% Thursday, after the publication of an article in which several women alleged that they had “violent and humiliating” sexual encounters with Dave Portnoy, president of Barstool Sports. Penn National, which operates casinos, racetracks and online sports betting, owns a significant equity stake in Barstool. The drop in Penn National’s stock price also came after the company missed Q3 earnings expectations. Revenue climbed 34%, to… Source link

Stock futures opened little changed Wednesday evening to hold near record highs, with investors contemplating the the Federal Reserve’s decision to begin paring back some of its monetary policy support as the economic recovery progresses further. Earlier during the regular session, each of the S&P 500, Dow and Nasdaq set record intraday and closing highs yet again, with the Fed’s latest monetary policy decision compounding with optimism over a slew of stronger-than-expected quarterly… Source link

When a stock explodes 108% in a session — rather out of the blue — as Avis did on Wednesday, there is only one thing you should do, says Deutsche Bank analyst Chris Woronka. Drive out of dodge before you get run over.  “Our first order of business is to emphasize that this downgrade is not a call to short Avis. Simply put, it is a view that investors who owned the stock prior to Tuesday should take profits. We simply cannot justify, using any reasonable traditional valuation metric, the… Source link

Stock futures opened near the flat line Tuesday evening as investors awaited a key monetary policy decision from the Federal Reserve. Contracts on the S&P 500 traded sideways. The blue-chip index had set a record closing high for a fourth straight session earlier in the day while the Dow closed above 36,000 for the first time ever, buoyed by an extended run of better-than-expected corporate earnings results.  Some of the closely watched names that reported results after market close continued… Source link

Chegg shares have just been slaughtered following an alarming earnings call, raising the question of what to do next if one is an investor.  “We don’t really see moves like this in our coverage. So what I would say is that this company has historically been extremely consistent, is very well-run and is helping the world achieve the mission from learning to earning. Our view is that this [sell-off] is overdone,” said Jefferies analyst Brent Thill on Yahoo Finance Live.  The selling may be… Source link

Stock futures pulled back slightly Monday evening after a record-setting session. Each of the S&P 500, Dow and Nasdaq rallied to fresh highs on Monday as more corporate earnings results exceeded expectations and defied concerns over ongoing supply chain constraints, shortages and cost pressures.  Clorox (CLX) became one of the latest major names to top estimates in results posted Monday after the closing bell, with the cleaning supplies and home goods company topping third-quarter sales and… Source link

After what seems like an eternity of leaks, teases, and two reveals, the Pixel 6 and 6 Pro are finally on sale. But Google seems to be running very low on inventory, as the company now offers waitlists so you can be notified of when the phone will be available again. Right at the top of the Pixel 6 Pro page on the Google Store, there’s a now banner advertising the waitlist. “Due to high demand, some Pixel 6 Pro models may be out of stock or have long delivery times,” the company… Source link

Stock futures dipped Thursday evening, with investors eyeing a couple of disappointing earnings results from Apple (AAPL) and Amazon (AMZN) that punctuated an otherwise solid quarterly reporting season from many major companies.  Contracts on the S&P 500 fell, pulling back after the blue-chip index set a record closing high on Thursday. Nasdaq futures underperformed amid the drawdown in the big technology names. Amazon shares dropped in late trading after the e-commerce juggernaut missed… Source link