Peloton stock slips as M Science flags worsening gross add headwinds
Peloton Interactive (NASDAQ:PTON) slid sharply after the publication of a new report highlighting headwinds facing the fitness company. Fitness as a service churn appears to have accelerated, according to M Science. Peloton (PTON) shares slipped 8.62% during Thursday’s trading. The stock had rallied about 40% in the month leading up to Thursday’s drop, bouncing from…
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Toast falls amid M Science note on slowing GPV growth
Toast (NYSE:TOST) fell 3.4% amid a note about slowing GPV growth.Glowing GPV growth quarter-to-date is creating a risk to consensus expectations, M Science wrote in a note on Friday.Toast (TOST) rose 2.9% on Thursday after Bank of America joined several Seeking Alpha analysts in the bull camp on the restaurant software company. The firm started…
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Lululemon outlook lift thrills Wall St as yogawear stays in vogue
Lululemon Athletica Inc (LULU.O) raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hounds wider retail spending, sending the company’s shares up 13% after hours. A strong rebound in China, easing air freight costs and tighter inventory control also helped first-quarter results surpass estimates…
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Home Depot’s Earnings Hit Lowe’s Stock Too. Here’s Why.
Home Depot’s downbeat forecast sent a chill through the home-improvement sector and the wider market last week. That pushed down Lowe’s stock, albeit temporarily, and led to lower expectations for the rival retailer’s coming results, slated for early Tuesday. Analysts had already been lowering their earnings and revenue estimates for Lowe’s (ticker: LOW), which stood…
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5 ways banks are plugging into the electric vehicle market
Banks are revving up their work with electric vehicle manufacturers by forging partnerships, offering vehicle financing and collaborating on digital tools. The sector is sizzling: Moody’s Investors Service reports that sales and announced launches of alternative fuel vehicles, especially battery electric vehicles, or BEVs, “are gaining momentum in the U.S. as auto manufacturers drive toward…
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