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A world of Trading assets

Peloton is in the spotlight as acquisition rumours are on the rise

Authored by ZanderVanDerMerwe
Stock Squawk
3 min

Peloton announced yesterday that its CEO John Foley will be stepping down, as the significant downturn post-global lockdown has crippled the Fitness Tech company to the point where an announcement was made that roughly 2800 jobs will be cut impacting 20% of their current job force.

The mounting merger speculations have caused some significant volume to come into the stock as it sits well near its all-time lows just shy of $30. With earnings due out Post-Market later on today we might see a lot more downside on the horizon before mergers become reality.

Yesterday’s Movers:

  • Peloton Interactive Inc (PTON) was up 20.93% yesterday as takeover rumours flood the market.
  • Royal Caribbean Cruises Ltd (RCL) was up 8.44% yesterday
  • Alibaba Group Holding Ltd (BABA) was down 6.05% yesterday as SoftBank might sell some of its stake in the Online Retailer.
  • Coinbase Global Inc (COIN) was up 5.81% yesterday as crypto miners’ grew in production for January

Earnings Due:

StockSymbolAnnouncement dateRelease TimeEPS Estimate
Peloton Interactive IncPTON8/2/2022Post-Market-$1.14
Lyft IncLYFT8/2/2022Post-Market-$0.03
Pfizer IncPFE8/2/2022Estimated$1.09
Chipotle Mexican GrillCMG9/2/2022Post-Market$6.33
Wynn Resorts LtdWYNN9/2/2022Estimated-$1.29

Stocks to watch:

Hilton Worldwide Holdings Inc (HLT)

BitNile Holdings subsidiary bought portions of Hilton Hotels as well as Marriot that caused some well-needed cash flow in the hotel chain. The Travel and Leisure sector has shown some good momentum as investors started looking past the Omicron virus.

Technical the hotel chain is shaping up well for a longer-term buy as price rallied yesterday breaking through the 20 and 50-day moving averages, a likely retracement lower to $145 could be expected before the rally continues to $160.

Microsoft Corporation (MSFT)

Microsoft was one of the unlucky clients that are affected by the Nvidia and ARM planned acquisition that is officially off the table as the Federal Trade Commission ended up suing on antitrust grounds.

Technically the short is still well on the table as the recent push to the upside failed to break above the 200-day moving average as well as breach the previous high. The current swing to the downside broke and closed below the 20-day moving average giving an indication that more downside can be expected to the previous daily close of $285.

Authored by ZanderVanDerMerwe
Stock Squawk
3 min
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