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☆ Peloton surges 21% after its CEO says the fitness company is on track for an 'epic comeback'
▼ + stars: | 2023-02-01 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Peloton spiked Wednesday after the company published earnings and its CEO teased a comeback. The company narrowed its net losses, but it's the eighth straight quarter it has failed to turn a profit. "This was by far our best quarterly performance in my twelve months with Peloton," CEO Barry McCarthy said. The stationary fitness equipment maker known for its stationary bike posted $792.7 million in revenue versus analysts' estimates of $710 million. Peloton was a favorite of the pandemic, as customers flocked to the company for its at-home fitness equipment while gyms remained closed during lockdown.

☆ Watch Jim Cramer's full interview with Peloton CEO Barry McCarthy
▼ + stars: | 2023-02-01 | 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 Jim Cramer's full interview with Peloton CEO Barry McCarthyCNBC's Jim Cramer talks with Barry McCarthy, CEO of Peloton, on 'Squawk on the Street' to break down his thoughts on the future of Peloton and the company's earnings.

☆ Stocks making the biggest moves midday: Peloton, AMD, Altria, Snap and more
▼ + stars: | 2023-02-01 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Advanced Micro Devices — Shares of chipmaker Advanced Micro Devices jumped 7.9% after the company reported earnings that beat Wall Street's expectations, according to Refinitiv. AMD also showed relative strength after competitor Intel's disappointing quarter, analysts said. Snap — Shares of the social media company plunged 14% after the firm reported quarterly revenue that missed Wall Street's expectations, according to Refinitiv. Stryker — Shares rallied about 7% after the company reported adjusted fourth-quarter earnings of $3 per share, above FactSet's estimate of $2.84. The Chili's parent company reported 76 cents in adjusted earnings per share on $1.02 billion in revenue.

☆ Twitter hit back at a private jet company suing it over an $197,000 unpaid bill, saying it was overcharged for 2 flights that weren't properly authorized
▼ + stars: | 2023-02-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Private Jet Services filed a lawsuit against Twitter over an unpaid bill of nearly $200,000 last December. On Tuesday, Twitter said that the jet company overcharged it and the flights were unauthorized. It also frequently referred in the documents to being billed $194,000 by Private Jet Services, but did not explain the discrepancy in figures. Twitter says that it believes the jet company breached this agreement over "designated representatives," and as such the lawsuit should be dismissed. Private Jet Services and Twitter did not immediately respond to requests for comment from Insider.

☆ Stocks making the biggest premarket moves: Peloton, Snap, AMD, Electronic Arts & more
▼ + stars: | 2023-02-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Peloton — The fitness equipment maker jumped more than 5% in the premarket after reporting fiscal second quarter revenue of $792.7 million, above a Refinitiv forecast of $710 million. Peloton said its net loss narrowed year over year and subscription revenue was higher than sales of the product. Advanced Micro Devices — Shares of chipmaker AMD rose more than 3% premarket after the company reported fourth-quarter earnings and revenue that beat Wall Street expectations. Electronic Arts — Shares of the video game publisher fell nearly 10% after the Electronic Arts' fiscal third quarter results missed expectations for adjusted earnings and net bookings, according to StreetAccount. Match Group — The online dating company slid 8.3% after reporting quarterly revenue that missed Wall Street expectations.

☆ Peloton losses narrow as subscription revenue again outpaces equipment sales
▼ + stars: | 2023-02-01 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +3 min

Peloton said Wednesday its net loss narrowed year over year, and, for the third quarter in a row, subscriptions revenue was higher than sales of the company's connected fitness products. The fitness equipment company's fiscal second quarter revenue beat Wall Street's expectations, but the company posted wider losses per share than expected. Connected fitness product sales, which are typically strong during Peloton's holiday quarter, dropped 52% year-over-year while subscription revenue jumped 22%. Gross margins for its connected fitness products were negative 11.2%, but gross margins for subscription sales were 67.6%. The company is also expecting connected fitness subscribers to be between 3.08 million and 3.09 million.

☆ Jim Cramer's top 10 things to watch in the market Wednesday: Fed Day, AMD, Snap signal
▼ + stars: | 2023-02-01 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Fed Day: The central bank is expected to raise the interest rates by a quarter-point to the range of 4.50% to 4.75%. UBS downgrades Snap (SNAP) to hold from buy with an unchanged price target of $10, and says business is really soft. Club stock Humana (HUM) topped earnings estimates Wednesday morning with revenue in line, great guide. In its quarterly report Wednesday, the exercise equipment said subscription revenue better than hardware sales, noted significant outperformance for connected fitness. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stock futures tick lower as traders await the Federal Reserve's latest rate hike decision
▼ + stars: | 2023-01-31 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +1 min

Traders on the floor of the NYSEStock futures slipped Tuesday evening as investors looked ahead to the Federal Reserve's Wednesday meeting. S&P 500 futures and Nasdaq Composite futures were down 0.20% and 0.37%, respectively. On Wednesday, the Federal Reserve will announce how much it is increasing interest rates in its latest effort to tame high inflation. "With a 25bps hike already discounted by markets, Powell's task is to unambiguously signal the Fed's commitment to tame inflation." The Federal Reserve will announce its decision Wednesday afternoon, followed by Chairman Jerome Powell's comments.

☆ A Peloton instructor was diagnosed with breast cancer at age 35. Here's how common the disease is at every age.
▼ + stars: | 2023-01-31 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +2 min

A 35-year-old Peloton instructor recently said she had been diagnosed with breast cancer. Peloton instructor Leanne Hainsby, who is 35, announced in a recent Instagram post that she was diagnosed with breast cancer in August and has been undergoing treatments since then. The risk for getting breast cancer increases with age. The American Cancer Society recommends that women at average risk for breast cancer start getting screened at age 45, and considers screenings beginning at age 40. While treatments for breast cancer vary depending on the stage of the disease, they can include chemotherapy, surgery, and hormonal therapy.

☆ Three-stock lunch: Peloton, Warner Bros., and Northrop Grumman
▼ + stars: | 2023-01-31 | 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 EmailThree-stock lunch: Peloton, Warner Bros., and Northrop GrummanQuint Tatro, President of Joule Financial, joins 'Power Lunch' to break down his top three picks for today's market on three stock lunch.

☆ 5 things to know before the stock market opens Monday, January 30
▼ + stars: | 2023-01-30 | by ( Mike Calia | ) www.cnbc.com time to read: +4 min

This week it will run into some big tests, given the earnings schedule dominated by big tech names (more on that below) and the Federal Reserve's next moves. Here's a look at the earnings week ahead: Tuesday: General Motors McDonald's UPS Pfizer Spotify Snap AMDWednesday: Peloton MetaThursday: Apple Alphabet Amazon Ford Starbucks Qualcomm3. Renault aims to cut Nissan stakeRenault and Nissan automobile logos are pictured during the Brussels Motor Show on January 9, 2020 in Brussels. France's Renault and Japan's Nissan have agreed to restructure their agreement, which they struck in 1999. The overall health and size of its business allows it to mix things up and try new things.

☆ Jobs report to give clues about where economy is headed
▼ + stars: | 2023-01-29 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

Investors will get another clue when the January jobs report is released on Friday. Economists predict that 185,000 jobs were added last month, a slowdown from the gain of 223,000 jobs in December and 263,000 in November. A further deceleration in the labor market would likely please the Fed, as it would show that last year’s rate hikes are successfully taking some air out of the economy. Along those lines, average hourly earnings, a measure of wages that is also part of the monthly jobs report, are expected to increase 4.3% year-over year. So far, tech earnings season is not off to an inspiring start, with Microsoft (MSFT), Intel (INTC) and IBM (IBM) all reporting weak results.

☆ The pandemic created an American entrepreneurship boom — and it looks like it's here to stay
▼ + stars: | 2023-01-28 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

The pandemic may have given a "lasting, positive shock to American entrepreneurship." Americans filed 5.1 million new business applications in 2022, according to US Census Bureau data, equating to roughly 14,000 new business applications filed every day last year. It marked the second-highest year on record — down slightly from 5.4 million in 2021 — and remained well above the 3.5 million filed in 2019. This also marked the second-highest year on record and exceeded the 1.3 million filed in 2019. Experts have pointed to several explanations for the spike in new business applications in recent years.

☆ Here comes the biggest week of earnings. Plus an AI ode to the Dow
▼ + stars: | 2023-01-28 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.

☆ Stocks may face an inflection point in the week ahead as the Fed meets and Apple posts earnings
▼ + stars: | 2023-01-27 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

The Fed's meeting Tuesday and Wednesday comes amid a flood of corporate earnings reports, with about 20% of the S & P 500 reporting that week. The most important day for earnings is Thursday, when Apple , Alphabet and Amazon report after the bell. The Nasdaq Composite was up 11% for the month as of Friday afternoon, well ahead of the 6.2% gain in the S & P 500. Traders have been watching the S & P 500 edge closer to the key threshold of 4,100 , its high from December. AAPL 1Y line apple Apple is also important because of the signals it can send about the strength of the consumer, supply chains and China's reopening.

☆ Peloton instructor Leanne Hainsby, 35, said she was diagnosed with breast cancer after a doctor told her not to worry about a lump in her breast
▼ + stars: | 2023-01-27 | by ( ) www.businessinsider.com time to read: +2 min

Peloton instructor Leanne Hainsby said she was diagnosed with breast cancer at age 35. She wrote on Instagram that she noticed a lump in her breast, but a doctor initially said not to worry. "Chemo is no joke," Hainsby wrote. Family history of breast cancer is a major risk factor, but other factors like reproductive health and alcohol use can also play a role, according to the Mayo Clinic. Other symptoms of breast cancer include skin irritation, pain, or any other changes in the area that seem unusual, a breast surgeon previously told Insider.

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Roku, Peloton, Plug Power, Target & more
▼ + stars: | 2023-01-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler initiates coverage of Albemarle as overweight Piper said in its initiation of the lithium company that it sees "sharp" earnings increases. Jefferies reiterates Alphabet as buy Jefferies said Alphabet's multiple is near a "15-year trough," which makes for an attractive risk/reward. Goldman Sachs reiterates Tesla as buy Goldman said it likes Tesla's "strong orders at lower prices" after the company's earnings report on Wednesday. Bank of America reiterates Peloton as buy Bank of America said it's bullish on Peloton heading into earnings next week. Needham reiterates Roku as buy Needham said it's bullish on Roku's decision to build its own TV.

☆ Stocks making the biggest moves midday: Chevron, Tesla, Seagate Technology, United Rentals and more
▼ + stars: | 2023-01-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Analysts called for earnings of 10 cents per share on $1.83 billion in revenue, according to Refinitiv. Though United Rentals missed analysts' expectations for per-share earnings, it was in-line with Wall Street's forecasts for revenue, per FactSet. The company forecasted 2023 revenue to range between $13.7 billion and $14.2 billion, surpassing analysts' estimates, according to FactSet. Sherwin-Williams earned an adjusted $1.89 per share last quarter, topping estimates by 2 cents, according to Refinitiv. Tractor Supply's EPS came in at $2.43 versus analysts' estimate of $2.35 per share, according to Refinitiv.

☆ The New York Times, Stanford University, Coinbase and Netflix are among FTX's laundry list of creditors, court filing shows
▼ + stars: | 2023-01-26 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

FTX owes money to media companies, airlines universities, crypto exchanges, and government agencies. The failed exchange has millions of creditors, including Stanford University, Netflix, and Coinbase. FTX owes money to media companies, airlines, charities, universities, cryptocurrency exchanges, and many government agencies, according to a court filing on Wednesday. Although the list does not say how much money each party is owed, the company has millions of creditors, including FTX customers. FTX's new CEO, John Ray III, said he's looking into the possibility of reviving the failed exchange and resuming the platform's normal operations during its bankruptcy process.

☆ Here are Tuesday's biggest analyst calls: Apple, Disney, Target, AMD, Tesla, Coinbase, Amazon & more
▼ + stars: | 2023-01-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Tuesday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by it's overweight rating on Apple shares heading into earnings on Feb. 2. Bernstein reiterates Apple as market perform Bernstein said it's "ambivalent" about Apple shares heading into earnings next month. Bernstein downgrades Advanced Micro to market perform from outperform Bernstein said it's concerned about a deteriorating PC market. Morgan Stanley upgrades Marathon Oil to overweight from neutral Morgan Stanley said Marathon Oil has "peer-leading FCF and shareholder returns." Morgan Stanley reiterates Ford as overweight Morgan Stanley said it sees opportunity for Ford to "to exercise its self-help muscle."

"Our industry is still climbing out of - call it a 100-year event, call it a macro shock of epic proportions. "We are bullish and these are the reasons why I suspect there's a disconnect between the Davos in Switzerland and the Davos in Dublin," Cronin told Reuters. "It's a good time to be a lessor," said Tony Diaz, chairman of the smaller Zephyrus Aviation Capital. It's probably easy to take that second one too," Robert Korn, president and co-founder of fast growing Carlyle Aviation Partners, added. Additional reporting by Tim Hepher and Joanna Plucinska Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ 4 women execs at Meta, Pinterest, Hyundai and Heineken share the early morning routines that helped them climb the corporate ladder.
▼ + stars: | 2023-01-19 | by ( Lola Christina Alao | ) www.businessinsider.com time to read: +6 min

Insider talked to four female senior executives about their morning work routines. They all start work no later than 7:30 a.m.Two of the execs — Christine Trodella and Olabisi Boyle — prefer to take walking meetings. Insider spoke with four women who've climbed to the corporate ladder — up to senior executive roles at companies including Hyundai and Pinterest — about theirs. Christine TrodellaChristine Trodella, the director of B2B-commercial sales for Reality Labs at Meta, typically starts work between 6 and 7 a.m. "I start work between 7:15 and 7:30 a.m. but wake up at 5 a.m. to give myself time to breathe," she said.

☆ The best indoor and outdoor cycling shoes of 2023
▼ + stars: | 2023-01-17 | by ( Harry Rabinowitz | Harry Rabinowitz Is A Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +10 min

SKIP AHEAD Best cycling shoes | Best spinning shoes | How to get the most out of your cycling shoesWhat exactly are cycling shoes? Generally, cycling shoes, whether they are for indoor or outdoor use, are lightweight and more rigid than your average gym or running shoes. Different types of cycling shoesSince cycling includes so many different disciplines, there are a lot of different kinds of cycling shoes. Best cycling shoesBest basic road cycling shoes: BontragerFor those who are looking to stick to an entry level price point, Seacat recommends the Bontrager Circuit road cycling shoe. Cycling shoes have a break-in periodOur experts said that cycling shoes have a break in period.

☆ Peloton Names Twitter’s Former Top Marketer as CMO
▼ + stars: | 2023-01-17 | by ( Katie Deighton | ) www.wsj.com time to read: +2 min

Peloton Interactive Inc. named former Twitter Inc. marketer Leslie Berland as its chief marketing officer. Ms. Berland was previously chief marketing officer and head of people at Twitter, where she worked for nearly seven years. She departed the company last November along with a raft of other executives following Elon Musk ‘s takeover of the company. Ms. Berland is joining Peloton as the company attempts a comeback following a rocky 2022. Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals.

☆ Stitch Fix’s Unraveling Should Sow Broader Tech Doubts
▼ + stars: | 2023-01-17 | by ( Laura Forman | ) www.wsj.com time to read: +1 min

A business often starts with a relatively modest desire to solve one problem for a specific group of people. Somewhere along the way, it becomes tempting to try to be everything to everyone—especially once it has achieved a supersize tech valuation. The retail styling company went public just over five years ago led by founder Katrina Lake at a valuation of around $1.4 billion. Back then it was a company mixing some data and human judgment to curate personalized boxes of new clothing for customers. That combination earned it a somewhat rich tech-like multiple, even though more than 80% of its employees as of its public offering filing were either human stylists or fulfillment workers.

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