Peloton’s stock tumbled after Citron Research issued a 2020 price target of $5. Yahoo Finance’s Zack Guzman and Heidi Chung discuss with Payne Capital Management President Ryan Payne on YFi PM. …read more […]
(Bloomberg) — Peloton shares tumbled on Tuesday, dropping as much as 8.3% after Citron Research wrote that increasing competition and a high valuation could result in a massive sell-off in 2020.The firm sees “clear flaws in the Peloton business model” and wrote that the stock could fall to $5 next year. Based on the Monday close of $34.77, that target represents downside of more than 85%. At current levels, Peloton is up nearly 12% since its September initial public offering.Peloton’s current valuation is “unrealistic” and “disconnected from all reality,” the firm wrote in a report, adding that the fitness company …read more […]
Amazon.com Inc said on Tuesday it had issued a fix to rectify security flaws in certain of its Blink home camera systems after a cyber security firm found vulnerabilities that could let hackers hijack the device.
U.S. stocks gave up gains to trade nearly flat in a choppy session on Tuesday as investors focussed on trade-related headlines ahead of a new round of tariffs on Chinese goods.
U.S. senators grilled Apple Inc and Facebook Inc executives over their encryption practices on Tuesday and threatened to regulate the technology unless the companies make encrypted user data accessible to law enforcement.
Q3 2019 FireEye Inc Earnings Call …read more […]
Public opinion on cannabis is changing quickly, growing ever more lenient. In a short span, less than a lifetime, we’ve seen a series of decriminalization and partial legalization regimes take hold in the US. While the drug remains fully illegal at the Federal level, it is fully legal in 11 states and legalized for medical use in another 15. The result of this patchwork is that Canada, which enacted full legalization nationwide in October 2018, has become the center of North America’s cannabis industry.Most of the large cannabis companies – the growers and suppliers – are based in Canada. US-based …read more […]
Exxon Mobil Corp won a major victory in a closely-watched lawsuit on Tuesday when a judge ruled that the company did not defraud investors out of up to $1.6 billion by hiding the true cost of climate change regulation.
Exxon Mobil Corp on Tuesday scored a win in a closely-watched case after a judge ruled that the company did not hide the true cost of climate change regulation from investors.
The SoftBank Vision Fund has sold its stake in Wag. Yahoo Finance’s Krystal Hu joined On The Move to discuss. …read more […]
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September […] …read more […]
Growth of U.S. labor costs was not as robust as initially thought in the third quarter, suggesting inflation could remain tame in the near term.
5G, the coming fifth-generation wireless network, promises huge disruptions around the world. Some people even believe it could launch the next industrial revolution.
Many countries have had their foot on the 5G infrastructure buildout accelerator pedal for years already. The U.S. has only recently stepped up its 5G network buildout.
I’m not surprised. For decades, the U.S. has lagged behind other countries in building out next-generation mobile networks.
That could all change with the deployment of 5G.
America’s Catch-Up Plan
President Trump has repeatedly said the U.S. must win the race to 5G. Several U.S. mobile operators already have a few limited 5G deployments.
But in …read more […]
Canada, Mexico and the United States have agreed to a fresh overhaul of their quarter-century-old regional trade pact after negotiators approved changes to a preliminary deal struck last year, and officials will sign the new agreement on Tuesday.
Renowned guru slims position in struggling biotech that focuses on infectious diseases Continue reading… …read more […]
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