Latest news with #PelotonInteractiveInc
Mint
08-05-2025
- Business
- Mint
Wall Street today:S&P 500, Dow Jones, Nasdaq surge on likely US-UK trade deal
Wall Street's key stock indices edged higher on Thursday on a trade agreement between the United States and the United Kingdom. The United States and Britain on Thursday announced a deal to lower tariffs on some goods. The US tariffs on cars and steel will be cut and both the nations would gain better access to agriculture markets. US Commerce Secretary Howard Lutnick said the 10% basic tariff rate would remain in place. The UK government said the deal will cut tariffs on some British-made cars from 27.5% to 10%. As of 10:35 AM Eastern time, the S&P 500 was 0.6% higher, the Dow Jones Industrial Average was up 0.6%, and the Nasdaq Composite rose 0.8%. At the opening bell, the Dow Jones Industrial Average rose 198.6 points, or 0.48%, to 41,312.57. The S&P 500 rose 32.3 points, or 0.57%, to 5,663.6, while the Nasdaq Composite rose 182.0 points, or 1.03%, to 17,920.154. On Wednesday, the US Federal Reserve kept interest rates steady, but said risks of higher inflation and unemployment had risen. In the bond market, the 10-year yield climbed to 4.32% from 4.26% late on Wednesday. Peloton Interactive Inc. stock tumbled 13% after the fitness company's quarterly revenue fell 13%. Tapestry shares gained 4.4% after the handbag maker raised its annual outlook. Drugmakers slumped following a media report that the Trump administration plans to revive a proposal to cut drug costs by tying the amount the government pays for some medicines to lower prices abroad. Krispy Kreme shares tumbled 19.5% after the company withdrew its forecasts for the full year. Shares of Warner Bros. Discovery gained 5.8% after a report said the company was headed for a split. Gold prices declined on Thursday, ahead of Trump's likely announcement of a trade deal between the US and Britain. Spot gold fell 0.1% to $3,362.19 an ounce as of 1318 GMT. Earlier in the session, it rose 1%. US gold futures slipped 0.7% to $3,368.50. Spot silver rose 0.2% at $32.52 an ounce, platinum gained 1% to $984.15 and palladium rose 0.2% to $973.92. Oil prices gained on Thursday on optimism over looming trade talks between the US and China. Brent crude futures rose 89 cents, or 1.5%, at $62.01 a barrel at 1334 GMT. US West Texas Intermediate crude edged up $1.02, or 1.8%, to $59.09.
San Francisco Chronicle
08-05-2025
- Business
- San Francisco Chronicle
Peloton: Fiscal Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Peloton Interactive Inc. (PTON) on Thursday reported a loss of $47.7 million in its fiscal third quarter. On a per-share basis, the New York-based company said it had a loss of 12 cents. The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share. The exercise bike and treadmill company posted revenue of $624 million in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $619.7 million. _____
Yahoo
15-03-2025
- Business
- Yahoo
Why Peloton Interactive Inc. (PTON) Went Up On Friday?
We recently published a list of . In this article, we are going to take a look at where Peloton Interactive Inc. (NASDAQ:PTON) stands against other AI stocks that dominate Friday's top performers. The stock market bounced back on Friday, erasing the week's losses following news that a feared government shutdown is unlikely to happen amid news that a funding plan is likely to be passed. The tech-heavy Nasdaq recorded the highest gain, adding 2.61 percent, followed by the S&P 500 with a 2.13-percent gain, and the Dow Jones with 1.65 percent. Ten companies, predominantly under the AI industry, mirrored the broader market optimism, registering strong double-digit gains during the session. In this article, we have named the day's best performers and detailed the reasons behind their performance. To come up with the list, we only considered those with $2 billion in market capitalization and $5 million in trading volume. A group of people in a fitness class with connected fitness products in a studio or gym. Peloton Interactive Inc. (NASDAQ:PTON) Peloton Interactive rallied by 16.6 percent on Friday before a slight pullback to end just up by 16.14 percent at $7.05 apiece as investors cheered the company's upgraded rating from an investment firm. In a report on Friday, Canaccord raised its outlook for PTON to 'buy' from 'hold' previously, citing the company's progress in rebounding to profitability and its strong position in the fitness industry. It also gave the company a $10 price target, representing a 42-percent upside from its latest stock price. According to Canaccord, PTON is well-positioned for future growth, supported by a loyal member base of 6 million. For the full year 2025, Canaccord expects PTON to achieve between $300 million and $350 million in adjusted EBITDA, a significant jump from the $3.5 million in the full year 2024. Additionally, it sees revenues to inflect next year with new initiatives to be supported by subscriber growth by 2027. Overall, PTON ranks 7th on our list of AI stocks that dominate Friday's top performers. While we acknowledge the potential of PTON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as PTON but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
07-02-2025
- Business
- Yahoo
Why Peloton Interactive Inc. (PTON) Advanced on Thursday
We recently compiled a list of the In this article, we are going to take a look at where Peloton Interactive Inc. (NASDAQ:PTON) stands against the other stocks. Wall Street's main indices ended mixed on Thursday, with the Dow Jones the sole decliner, losing 0.28 percent. In contrast, both the S&P 500 and the Nasdaq Composite registered gains, rising by 0.36 percent and 0.51 percent, respectively. Amid the earnings season, 10 companies saw significant increases in their valuations, thanks to stronger-than-expected earnings reports. Additionally, several firms enjoyed rallies fueled by newly secured deals. To come up with Thursday's biggest advancers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume. A group of people in a fitness class with connected fitness products in a studio or gym. Peloton Interactive Inc. grew its share prices for a second day, jumping 12.01 percent to finish Thursday's trading at $8.49 apiece as investors welcomed the company's improved earnings performance for the second quarter of fiscal year 2025. In its latest earnings release, Peloton said it trimmed its net loss for the period by 53 percent to $92 million from the $194.9 million registered in the same period a year earlier. Net loss in six months ending December also narrowed by 74 percent to $92.8 million from $354.1 million year-on-year. Revenues for both periods also registered declines, by 9 percent for the quarter and by 5.9 percent for periods July to December. Peloton expects even lower revenues for the upcoming quarter—between $605 million and $625 million, as well as for the full year—between $2.43 billion and $2.48 billion. Overall PTON ranks 5th on our list of Thursday's biggest advancers. While we acknowledge the potential of PTON as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than PTON but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
