Peloton Sees Interest For Potential Buyout From Private Equity, Stock Soars
Private equity firms are eyeing Peloton for buyout after pandemic darling suffers losses, CEO transition, and restructuring. Stock is up 14.8%.
EV Truck Maker Nikola’s Topline Plunges 30% in Q1 On Weak Demand, Stock Tanks
Nikola Corp (NASDAQ: NKLA) stock fell after reporting Q1 2024 results, missing sales estimate, beating loss estimate, and facing market hurdles.
Alibaba’s To Overhaul Taobao In Strategic Move to Reclaim E-commerce Dominance
Alibaba revamps Taobao webpage ahead of China's 618 shopping festival to improve user experience. This is part of a larger effort to attract new users and regain a leading position in the competitive e-commerce market. Stock down 5% in last year.
Sony’s Bold $26B Paramount Bid Raises Eyebrows: Can They Finance It?
SONY shares drop as it plans to bid $26B with Apollo for Paramount, raising concerns about financing and regulatory scrutiny.
Walt Disney Q2 Earnings: Profit Beat, Moderating Parks Growth, Password-Sharing Crackdown And More
DIS shares down 7.93% as Q2 revenue misses estimates, but adjusted EPS beats consensus. Entertainment revenue declines 5% while streaming is profitable.
Uber’s Low Growth-Adjusted Multiple Creates An Attractive Entry Point: Morgan Stanley
Amid rising concerns about autonomous driving technologies, Morgan Stanley analyst Brian Nowak maintains an Overweight rating on Uber with a bullish $90 price target. Highlighting Uber's lower growth-adjusted multiple compared to competitors, Nowak underscores the potential for significant upside, driven by robust multi-product strategies and expanding market opportunities, especially in the face of competitors like Lyft and Maplebear.
Thanks To Apple, This Analyst Is Optimistic On ARM, Microchip Technology And More Ahead Of Earnings
Key Insights from KeyBanc: Semiconductor Sector Shows Signs of Stabilization Amid Global Tech Shifts. John Vinh reports on trends in AI data centers and automotive corrections, highlighting robust high-end Android demand and gradual traditional demand recovery.
What’s Going On With Micron Tech Stock On Monday?
Analyst upgrades Micron Technology Inc (MU) from Neutral to Outperform, raises price target to $150. Remains bullish on US semiconductor sector.
Morgan Stanley Gets New Tech Team Leader – Veteran Crystal Zhu From JPMorgan
Crystal Zhu, former head of China Telco, Media & Tech IB at JPM, joins Morgan Stanley as co-head of APAC tech team. She'll focus on M&A and IPOs.
SEC Nudges Robinhood Over Crypto Operations
The SEC is preparing enforcement action against Robinhood Markets Inc. for potential securities law violations. Robinhood reports disappointment with Wells Notice.