markets

Luke Kawa10/31/24

Shares of Peloton surge on strong earnings, new CEO

Two wheels good, four wheels better!

Shares of Peloton are spiking like my heart rate during a Denis Morton ride after the embattled fitness company reported better-than-expected earnings and also tapped Peter Stern, president of Ford Integrated Services, to be its next CEO.

Stern, the latest in a series of new CEOs during a year of high turnover atop Corporate America, has extensive history leading divisions that are right in Peloton’s wheelhouse: at Ford, his role had him leading digital and subscription services — marrying hardware, software, and services. Prior to that, he oversaw Apple TV, iCloud, and Apple News+.

Peloton’s adjusted earnings before interest, taxes, depreciation, and amortization were $115.8 million for the three months ending September 30, more than double what Wall Street had anticipated. While its outlook for next quarter’s revenues was shy of what analysts expected, a boost to its full-year earnings more than makes up for that in traders’ eyes. That’s proof its aggressive cost-cutting efforts — with operating expenses down 30% year on year — have borne fruit.

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Credit markets have a “debt” problem, not a “risk” problem

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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