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☆ Ryan Reynolds flexes as corporate convert
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, March 20 (Reuters Breakingviews) - For Hollywood star Ryan Reynolds, dealmaking may be more lucrative than Deadpool. One more transaction like this, and Reynolds could find that he has a real future outside of the acting biz. For Mint, Reynolds has described the marketing strategy as “scrappy”, and he has done some catchy things, like appearing alongside T-Mobile’s chief executive in a video announcing the deal and leaving voicemails for customers. Showing success outside of the lifestyle category – in mobile – is validation for the actor, but a differentiating factor might have been Reynolds’ ownership stake in Mint. Converting that stake into a lucrative deal, twice, suggests that Reynolds could be more than just a pretty face.

☆ Van der Poel solos to emotional Milan-Sanremo victory
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

March 18 (Reuters) - Dutchman Mathieu van der Poel won the Milan-Sanremo on Saturday to claim the first Monument of the season, 62 years after his grandfather won the race. However, Van der Poel launched his attack on the summit of the Poggio with 5.5km to go and stormed into the lead, extending it as they entered the city with the other three riders fighting it out for second place. The victory was Van der Poel's third after winning the Tour of Flanders in 2020 and 2022, following in the footsteps of his French grandfather Raymond Poulidor who won the race in 1961. It's one Monument every rider wants to win one day," Van der Poel said with a smile. Milan-Sanremo is the longest Monument race at 294 kilometres this year.

☆ Stocks making the biggest moves midday: General Electric, Silvergate Capital, Peloton, Etsy and more
▼ + stars: | 2023-03-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Silvergate Capital — The crypto lender's stock sank 23% after the company announced it will wind down operations and liquidate Silvergate Bank. Revenue came in at $150.2 million, topping the $145 million expected. CEO Dustin Moskovitz also said he was buying 30 million shares. Revenue came in at $103.5 million compared to the $101.7 million expected. Adjusted earnings per share came in 1 cent ahead of estimates at 18 cents.

In a 2021 complaint filed with the ITC, Dish and its Sling TV unit accused Peloton and iFit of infringing four patents for video-streaming technology through imports of products that stream at-home fitness content. President Joe Biden's administration has 60 days to review the import ban before it takes effect, though presidents rarely reverse such actions. Cheney found that the Peloton, Lululemon and iFit streaming-capable products infringed patents related to Dish's Hopper set-top boxes. Dish said its patents covered adaptive bitrate streaming technology that lets users stream content from around the world in real time "at the highest possible quality". The technology was developed by Move Networks Inc and was acquired by Dish in 2012, according to court papers.

☆ Peloton hires former Twitter executive Dalana Brand to be chief people officer
▼ + stars: | 2023-03-01 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +2 min

Peloton said Wednesday it hired former Twitter executive Dalana Brand to be its new chief people officer, as the fitness company continues its transformation and attempts to return to profitability. Dalana's addition is the culmination of that strategy, rounding out and completing the leadership team," McCarthy said. She follows behind Leslie Berland, the former chief marketing officer of Twitter, who took the same job at Peloton in mid-January. "I'm thrilled to join the team at Peloton as the company continues striving to make fitness accessible for all." While at Twitter, she led the company's global workforce and helped speed up its processes to make the workplace more inclusive.

☆ Instacart could do worse than incinerating $32 bln
▼ + stars: | 2023-03-01 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

Based on peers, it could have incinerated $32 billion of value in the past two years. That might be painful, but failure to accept that new price tag could lead to a worse outcome. The pandemic accelerated growth for companies like Instacart, as people opted for food delivery services to avoid crowded stores and restaurants. Two years ago, Instacart was worth some $39 billion. The grocery delivery company had positive net income and generated more than $100 million in adjusted EBITDA in the fourth quarter, the article said.

☆ Reddit-loving retail investors are making their chaotic presence felt again - and their risky behavior is fueling a stock rally that doesn't look sustainable
▼ + stars: | 2023-02-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Bullish sentiment has returned in a big way among retail investors as they've started the year piling record amounts into stocks. Speculative bets are backSome of what retail investors are buying has troubled observers. Different from 2021, however, is that institutional and retail investors look like they're on the same team, at least to a noticeable degree. To JPMorgan's Kolanovic, retail investors' optimism foreshadows future weakness in the stock market, as weak hands get wiped out by volatility, similar to how 2022 played out. With the Fed still set to tighten monetary policy, retail investors' enthusiasm for risky assets could backfire like it did last year.

☆ Stay away: These stocks are expensive and most vulnerable to a consumer slowdown, Wolfe Research says
▼ + stars: | 2023-02-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Consumer spending is likely to turn negative following "a series of rolling recessions," and there are several vulnerable stocks that investors may want to steer clear of in the months ahead, according to Wolfe Research. Most of them have highly volatile gross margins, leaving them vulnerable to disappointing consumer spending. It's followed in volatility by Peloton , with gross margin volatility of 31%. Its gross margin volatility is 13%. DraftKings and Las Vegas Sands are also near the top in terms of gross margin volatility, at 26% and 25%, respectively.

☆ Inside Peloton's rapid rise and bitter fall — and its attempt at a comeback
▼ + stars: | 2023-02-19 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +9 min

"It felt like nothing could get in the way of all that," said a former engineer who attended the party. For this report, CNBC spoke with 16 current and former Peloton employees, the majority of whom declined to be identified because they are not permitted to speak publicly about the company. Foley, meanwhile, spoke briefly with CNBC by phone, saying that while Peloton's stock has fallen, the company has not. Peloton's stock price was slowly sliding down, and employees began to panic as they saw their paper wealth evaporate. By June 30, the end of Peloton's fiscal year, the company's full-year net loss ballooned to $2.83 billion.

☆ Inside Tracy Anderson's cutthroat fitness empire: Legal threats, paranoia, and trainers who say their bodies were 'breaking apart'
▼ + stars: | 2023-02-16 | by ( Katie Warren | ) www.businessinsider.com time to read: +29 min

One day around 2015, a dozen or so gift boxes showed up at the Brentwood, California, studio of the celebrity fitness trainer Tracy Anderson. "It was an exclusive boutique fitness studio," the former New York trainer said. Darren Gerrish/WireImageThe method demanded that TA trainers, most of whom were also professional dancers, perform the strenuous workouts full out, every time. Let's help you do it correctly so you don't get injured,'" the former New York trainer said. "This is at a time where everyone is already overworked," one of the former New York trainers said.

☆ George Soros' fund snapped up Tesla stock, boosting its stake by nearly 50% as Elon Musk's Twitter antics weighed on the automaker's shares
▼ + stars: | 2023-02-14 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Billionaire investor George Soros's family office loaded up on Tesla stock in the last quarter of 2022. Soros Fund Management grew its stake in the EV maker by nearly 50%, a SEC filing showed this week. Concerns about CEO Elon Musk's fueled a Q4 selloff in Tesla, but its share price has risen 58% in 2023. Soros Fund Management bought about 42,000 Tesla shares in the three months ending December 31, lifting its stake by 47% to around 132,000 shares, according to a 13F filing published Monday. Soros Fund Management also snapped up 500,000 call options on ARK's Innovation ETF – the Cathie Wood-managed fund that tumbled in 2022 but lists Tesla as its biggest holding.

☆ Top Wall Street analysts like these stocks for the long haul
▼ + stars: | 2023-02-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five stocks picked by Wall Street's top analysts, according to TipRanks, a service that ranks analysts based on their past performance. Costco recently reported better-than-anticipated net sales growth of 6.9% and comparable sales growth of 5.6% for the four weeks ended Jan. 29. Benedict's convictions can be trusted, given his 55th position out of more than 8,300 analysts in the TipRanks database. Amazon's first-quarter sales growth outlook of 4% to 8% reflects further deceleration compared with the 9% growth in the fourth quarter. Rakesh sees a "modest downside" to Wall Street's consensus expectation for the 2023 revenue growth for Amazon's retail business.

☆ A former Twitter engineer says it took 20 interviews to find a new job after getting laid off by Elon Musk
▼ + stars: | 2023-02-11 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

A Twitter engineer said it took 20 interviews to find a new job after getting laid off. Andrew Glose, a senior Android engineer, was one victim of Elon Musk's mass layoffs in November. Glose has found a new job at fitness company Peloton, where he is also a senior Android engineer. "I'm very excited about learning new areas of my field and channeling my passion for fitness into my job," Glose concluded. On Thursday, Musk reportedly fired an engineer who told him he was becoming less popular on Twitter.

☆ Peloton, Allbirds and Lego: Best online sales right now
▼ + stars: | 2023-02-08 | by ( Caroline Curran | ) edition.cnn.com time to read: +4 min

Today, you’ll find a deal on a Casper weighted blanket, a discounted Dyson Supersonic Hair Dryer and savings on Allbirds Trail Runners. Casper Weighted Blanket $189 From $99 at Casper Amazon Sleep soundly under a brand-new weighted blanket from the beloved DTC brand Casper. • Save on hair care from brands like Pantene, Aussie, Head & Shoulders and more right now at Amazon. • If the Casper weighted blanket is slightly out of budget, consider this alternative from Luna, now under $55 when you clip the on-page coupon. No matter which model you choose, you’ll save on a device perfect for athletes and anyone else who appreciates at-home relaxation.

☆ Speculative Stocks Soar as Investors Dust Off Low-Rate Playbook
▼ + stars: | 2023-02-06 | by ( Jack Pitcher | ) www.wsj.com time to read: 1 min

Pandemic-era darlings like Carvana Co., Coinbase Global Inc. and Peloton Interactive Inc. are back on top of the stock market’s leaderboard, all more than doubling to start the year. After a punishing 2022 when investors dumped shares of those companies and other speculative stocks, traders are piling back into some of the riskiest corners of the market. They are betting the Federal Reserve’s work to cool inflation is nearly done and the central bank will pivot to cutting interest rates as soon as later this year.

☆ Watch CNBC's full interview with Oppenheimer's Brian Nagel
▼ + stars: | 2023-02-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Oppenheimer's Brian NagelBrian Nagel, senior analyst at Oppenheimer, joins 'Power Lunch' to discuss beaten-down stock names making upward moves, near and long-term investment strategies for Carvana and Peloton, and more.

☆ Carvana stock surge: What investors need to know
▼ + stars: | 2023-02-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCarvana stock surge: What investors need to knowBrian Nagel, senior analyst at Oppenheimer, joins 'Power Lunch' to discuss beaten-down stock names making upward moves, near and long-term investment strategies for Carvana and Peloton, and more.

☆ ChatGPT has gone viral. Now Wall Street is flocking to AI.
▼ + stars: | 2023-02-02 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today's newsletter covers everything you want to know about how the viral ChatGPT language tool is colliding with the world of Wall Street. Wall Street is clamoring to ride the ChatGPT wave, and investors are pouring into anything that has exposure to the budding artificial intelligence sector. A batch of obscure small-cap bot stocks have made sizable gains, and certain Chinese AI stocks have climbed 60% in a matter of weeks. The stock market just hit a rare trifecta of bullish indicators. The stock market rally will fade as the Fed combats inflation and a recession hits, according to a Credit Suisse strategist.

☆ Here are Thursday's biggest analyst calls: Meta, Nvidia, Tesla, FedEx, First Solar, Costco & more
▼ + stars: | 2023-02-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

"We downgrade First Solar to Neutral following +50% outperformance since August based on the benefit from the Inflation Reduction Act. Bank of America upgrades FedEx to buy from neutral Bank of America said in its upgrade on cost cuts. Bank of America upgrades Meta to buy from neutral Bank of America said it sees "multiple expansion" possibilities for Meta. Bank of America reiterates Costco as buy Bank of America said the warehouse club giant has a "strong value proposition." Bank of America reiterates Nvidia as buy Bank of America said it's standing by its buy rating ahead of the company's earnings report later this month.

☆ Jim Cramer's top 10 things to watch in the stock market Thursday: Fed, peak earnings, META
▼ + stars: | 2023-02-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Peloton forecasts third-quarter revenue above expectations; cash burn slows
▼ + stars: | 2023-02-01 | by ( Priyamvada C | ) www.reuters.com time to read: +2 min

Shares of the fitness equipment maker were up 4% before the bell after it also reported a slowing cash burn on a string of cost-cutting measures. In response, the company had announced plans to sell its fitness equipment on e-commerce giant Amazon.com (AMZN.O) and at Dick's Sporting Goods Inc (DKS.N) stores. Peloton CEO Barry McCarthy, in a letter to investors, outlined goals of returning to revenue growth and reach cash flow breakeven on a sustained basis in his second year in the role. For the third quarter, Peloton forecast revenue between $690 million and $715 million, above expectations of $689.1 million, as per Refinitiv data. Cash burn fell to $94.4 million from $546.7 million.

☆ Peloton's cash burn slows amid turnaround efforts
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: 1 min

Feb 1 (Reuters) - Peloton Interactive Inc (PTON.O) on Wednesday reported slower cash burn for the second quarter, after the company carried out a host of cost-cutting measures, including layoffs and store shutdowns. The fitness equipment maker posted a cash burn of $94.4 million, compared with a burn of $546.7 million a year earlier. Reporting by Priyamvada C and Kannaki Deka in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Peloton Narrows Losses as Sales Fall Less Than Forecast
▼ + stars: | 2023-02-01 | by ( Sharon Terlep | ) www.wsj.com time to read: 1 min

Peloton Interactive Inc. reported another quarterly loss and a 30% drop in quarterly sales, though the company reduced the amount of cash being burned by its operations. The results were better than the maker of connected fitness equipment predicted for the holiday quarter. The company held steady with about 3 million subscribers to its online workouts. Shares gained about 5% in premarket trading.

☆ Peloton CEO doesn't care that its equipment is losing money, sees path forward in the app
▼ + stars: | 2023-02-01 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +2 min

Peloton CEO Barry McCarthy told investors Wednesday he doesn't care that the company is losing money on its Bike, Tread and Row equipment. So from my part, I don't particularly care about the hardware margin," McCarthy said during the company's earnings call. In Peloton's fiscal second quarter 2023, ended Dec. 31, the exercise equipment company lost $42.8 million on its connected fitness products, bringing the division's gross margin to negative 11.2%. While subscription revenue was effectively flat quarter over quarter, it exceeded sales from Peloton's connected fitness products for the third quarter in a row. The cost of the app, which doesn't require any Peloton equipment, is $12.99 per month compared with the $44 monthly cost for the company's all-access membership that can be used on its connected fitness equipment.

PelotonChase Sapphire Preferred® Card and Chase Sapphire Reserve® cardholders can earn big bonus points on eligible Peloton equipment purchases through March 2025. The Chase Sapphire Reserve® earns 10x points on purchases of $250 or more; with the Chase Sapphire Preferred® Card, you'll earn 5x. Read our review Read Our Review A looong arrow, pointing rightNow through March 2025, Sapphire Reserve and Chase Sapphire Preferred cardholders can earn bonus points on eligible Peloton purchases. The only Peloton items that qualify are the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Row, and Peloton Guide. If you paid with the Sapphire Reserve, you'd earn 14,450 points (10x); with the Chase Sapphire Preferred, you'd earn 7,225 points.

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