|Day's range||9.45 - 9.45|
Yahoo Finance markets reporter Josh Schafer discusses the top stock market winners and losers in the month of May, including Nvidia, Tesla, and Urban Outfitters.
This may seem like an inauspicious time to invest in consumer discretionary companies. Wayfair (NYSE: W) and Peloton Interactive (NASDAQ: PTON) have both had success over the years. Wayfair, an e-commerce seller of home-related goods (e.g., furnishings and housewares) did well during the early days of the pandemic.
Peloton (NASDAQ: PTON) thrived during the pandemic while Disney's (NYSE: DIS) business was devastated. In this video, Fool.com contributor and finance professor Parkev Tatevosian chooses his favorite growth stock to buy.
Connected-fitness company Peloton (NASDAQ: PTON) has been attempting to turn itself around since the beginning of 2022. Under CEO Barry McCarthy, the company has slowed the bleeding. Under McCarthy, Peloton set a stretch goal of eventually reaching 100 million members.
The Yahoo Finance Live team breaks down the top trending stories of the day, including Tesla's reputation ranking on the 2023 Axios Harris Poll, Peloton offering new membership options, and worker satisfaction.
Connected fitness company has faced financial issues in recent times, and is looking to move away from being known only for its expensive and sometimes controversial bikes
Perhaps nothing is as startling as Peloton Interactive's (NASDAQ: PTON) monumental rise than its dramatic plunge. As of this writing, shares are trading 96% below their all-time high from about two and a half years ago, reflecting investors' deep pessimism. More recently, Peloton's latest financial results for its fiscal 2023 third quarter (ended March 31) were a mixed bag.
It's hard to understate how dramatic Peloton Interactive's (NASDAQ: PTON) rise and fall over the past few years has been. Assuming Peloton is able to successfully execute its ongoing turnaround strategy and get the business on a better path, where could the consumer discretionary stock be three years from now? The name of the game for Peloton is to find ways to attract more connected-fitness subscribers, which are users who own a piece of equipment and pay the monthly membership fee for access to the workout content.
The exercise equipment maker is shifting to an app-based subscription model, but it is still losing money.
CapWealth CIO Tim Pagliara joins Yahoo Finance Live to discuss his top stock picks, Berkshire Hathaway stock, and what stocks to avoid.
The fitness equipment maker had announced a costly recall of its 'Tread+' treadmill in 2021 following the reports of multiple injuries and the death of a child in an accident. Shares of Peloton were up 3.1% at $7.4 in morning trading. Peloton's Tread+ is a "slat-belt" treadmill that needs a higher torque motor and ground clearance than a typical home treadmill, making them a risk for children and pets.
In a bear market, it can mean sitting on the sidelines until prices fall just a little more. In a bull market, it can mean giving in to euphoria and buying a stock just because it's going up. Nobody can predict with 100% certainty what the stock market will do.
Peloton's bike recall likely won't be as a detrimental to the stock as the 2021 treadmill recall, according BMO Capital Markets.
Two words can sum up the experience of Peloton Interactive (NASDAQ: PTON) shares since the company went public in late 2019: extreme volatility. Now in early 2023, with the founder out, declining profit margins, and a stagnating user base, shares of the stock have plummeted to below $10. Down 95% from all-time highs, is Peloton stock officially a bargain?
Motley Fool producer Ricky Mulvey talks with Motley Fool senior analyst (and Star Wars superfan) Jim Gillies about Disney's acquisition of Lucasfilm and ways to improve the franchise. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
For your own safety, hit the brakes and dismount your bike immediately. Your stationary bike, that is. On Thursday, the...
The Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to buck the downward trend with a slight gain, but the Dow Jones Industrial Average (DJINDICES: ^DJI) was the big loser on the day, and the S&P 500 (SNPINDEX: ^GSPC) also gave up ground. Weighing the most on the Dow was Disney (NYSE: DIS), which fell sharply after reporting its latest financial results. The news for Peloton Interactive (NASDAQ: PTON) was arguably worse, as shareholders had to deal with yet another recall of its connected exercise equipment.
Yahoo Finance Live anchors Akiko Fujita and Seana Smith highlight several of today's leading news stories.
(Bloomberg) -- Peloton Interactive Inc. shares slipped to a record low Thursday after the fitness company announced a recall of about 2.2 million exercise bikes due to a safety hazard posed by the product’s seat.Most Read from BloombergNBCUniversal’s Yaccarino in Talks to Run Twitter, WSJ SaysKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoJamie Dimon Says US Needs to 'Finish' the Bank CrisisTurkey Markets
Yahoo Finance Live discusses a drop in shares of Peloton stock after the company announced a recall of more than 2 million bikes.
Peloton is recalling 2.2m exercise bikes after some users injured themselves when the seats broke off.
The Yahoo Finance Live team discusses the fall of Peloton stock amidst a bike recall due to fall and injury hazards.
Yahoo Finance Live discusses a fall in shares of Peloton after 2.2 million bikes were recalled by the company due to an issue with faulty bike seats.
Shares of Peloton Interactive tumbled 6.0% in early trading and hit a more than six-month low on Thursday after the U.S. Consumer Product Safety Commission recalled two million of its exercise bikes due to injury risks. Including the session move, Peloton's stock is down about 12% year-to-date and off more than 40% over the past 12 months. Peloton's shares also tumbled last week after the company reported a wider-than-expected quarterly loss and said it expects to sign up fewer members for the year.
The voluntary recall piles on more pressure on Peloton as it works to tackle waning demand for its fitness equipment amid an uncertain economy. "We have identified 35 reports of seat posts breaking out of 2,160,000 units sold in the United States, as of April 30," Peloton said in a statement, after disclosing the defect earlier this month. During the January to March quarter, Peloton said it had accrued $8.4 million as an estimated expense related to "voluntary corrective action plan" involving the defect.