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2021-04-20
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Peloton Stock Fell After Treadmill Warning. Wall Street Sees a Chance to Buy
lyk098
2021-04-20
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NEW YORK, April 19 - U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc shares fell after a fatal car crash.The electric-car maker fell after a Tesla vehicle believed to be operating without anyone in the driver's seat crashed into a tree on Satu","content":"<ul><li>Tesla falls after fatal crash, bitcoin slumps</li><li>GameStop shares jump as CEO exits</li><li>Coca-Cola rises as revenue beats estimates</li></ul><p>NEW YORK, April 19 (Reuters) - U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc shares fell after a fatal car crash.</p><p>The electric-car maker fell after a Tesla vehicle believed to be operating without anyone in the driver's seat crashed into a tree on Saturday north of Houston, killing two occupants.</p><p>The stock was the biggest drag on the S&P 500 and Nasdaq Composite Index . An 8.4% drop over the weekend in bitcoin , in which Tesla has an investment, also weighed on its share price.</p><p>The S&P 500 was mostly lower, with Microsoft Corp , Amazon.com Inc and Nvidia Corp also weighing on the benchmark index as analysts await results this week and next that form the bulk of earnings season.</p><p>Corporate outlooks should indicate to what degree the rally from last year's lows can continue. Analysts expect first-quarter earnings to have grown 30.9% from a year ago, according to Refinitiv IBES data.</p><p>The U.S. economy is poised to boom as consumers hold $2 trillion in savings in excess of what they held before the pandemic, said Doug Peta, chief U.S. investment strategist at BCA Research, adding markets are in pause mode.</p><p>\"If indeed we do keep grinding higher that would be healthy, that would suggest that the grinding higher is sustainable,\" Peta said. \"The pullbacks along the way are healthy.\"</p><p>Nvidia fell after the UK government said it would look into the national security implications of Nvidia's purchase of British chip designer <a href=\"https://laohu8.com/S/ARMH\">ARM Holdings</a>, raising a question mark over the $40 billion deal.</p><p>Coca-Cola Co rose after the beverage maker trounced estimates for quarterly profit and revenue, benefiting from the easing of pandemic curbs and wide vaccine rollouts.</p><p>International Business Machines Corp , another blue-chip company, slipped ahead of its results due after the market close.</p><p>\"The market has had a huge jump to the upside so it needs to take a little bit of rest,\" said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.</p><p>\"For now it's just a little bit of profit taking as traders await results from big tech names on Wall Street.\"</p><p>Unofficially, the Dow Jones Industrial Average fell 0.35% to end at 34,082.44 points, while the S&P 500 lost 0.52% to 4,163.64.</p><p>The Nasdaq Composite dropped 0.98% to 13,914.77.</p><p>A recent retreat in benchmark 10-year Treasury yields from 14-month highs has helped high-flying technology stocks to rebound, while strong economic data has lifted the S&P 500 and the Dow to record levels.</p><p>The S&P 500 has gained the past four weeks, its longest winning streak since August 2020.</p><p>GameStop Corp jumped on the announcement of its chief executive's resignation.</p><p>Crypto stocks including miners Riot Blockchain and Marathon Digital each slumped as bitcoin took a hammering.</p><p>Harley-Davidson Inc jumped after the motorcycle maker raised it full-year forecast for sales growth.</p><p>(Reporting by Shivani Kumaresan and Medha Singh in Bengaluru; Editing by Shounak Dasgupta, Bernard Orr and Richard Chang)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street slips off record highs, Tesla drops after fatal crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street slips off record highs, Tesla drops after fatal crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-20 04:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>Tesla falls after fatal crash, bitcoin slumps</li><li>GameStop shares jump as CEO exits</li><li>Coca-Cola rises as revenue beats estimates</li></ul><p>NEW YORK, April 19 (Reuters) - U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc shares fell after a fatal car crash.</p><p>The electric-car maker fell after a Tesla vehicle believed to be operating without anyone in the driver's seat crashed into a tree on Saturday north of Houston, killing two occupants.</p><p>The stock was the biggest drag on the S&P 500 and Nasdaq Composite Index . An 8.4% drop over the weekend in bitcoin , in which Tesla has an investment, also weighed on its share price.</p><p>The S&P 500 was mostly lower, with Microsoft Corp , Amazon.com Inc and Nvidia Corp also weighing on the benchmark index as analysts await results this week and next that form the bulk of earnings season.</p><p>Corporate outlooks should indicate to what degree the rally from last year's lows can continue. Analysts expect first-quarter earnings to have grown 30.9% from a year ago, according to Refinitiv IBES data.</p><p>The U.S. economy is poised to boom as consumers hold $2 trillion in savings in excess of what they held before the pandemic, said Doug Peta, chief U.S. investment strategist at BCA Research, adding markets are in pause mode.</p><p>\"If indeed we do keep grinding higher that would be healthy, that would suggest that the grinding higher is sustainable,\" Peta said. \"The pullbacks along the way are healthy.\"</p><p>Nvidia fell after the UK government said it would look into the national security implications of Nvidia's purchase of British chip designer <a href=\"https://laohu8.com/S/ARMH\">ARM Holdings</a>, raising a question mark over the $40 billion deal.</p><p>Coca-Cola Co rose after the beverage maker trounced estimates for quarterly profit and revenue, benefiting from the easing of pandemic curbs and wide vaccine rollouts.</p><p>International Business Machines Corp , another blue-chip company, slipped ahead of its results due after the market close.</p><p>\"The market has had a huge jump to the upside so it needs to take a little bit of rest,\" said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.</p><p>\"For now it's just a little bit of profit taking as traders await results from big tech names on Wall Street.\"</p><p>Unofficially, the Dow Jones Industrial Average fell 0.35% to end at 34,082.44 points, while the S&P 500 lost 0.52% to 4,163.64.</p><p>The Nasdaq Composite dropped 0.98% to 13,914.77.</p><p>A recent retreat in benchmark 10-year Treasury yields from 14-month highs has helped high-flying technology stocks to rebound, while strong economic data has lifted the S&P 500 and the Dow to record levels.</p><p>The S&P 500 has gained the past four weeks, its longest winning streak since August 2020.</p><p>GameStop Corp jumped on the announcement of its chief executive's resignation.</p><p>Crypto stocks including miners Riot Blockchain and Marathon Digital each slumped as bitcoin took a hammering.</p><p>Harley-Davidson Inc jumped after the motorcycle maker raised it full-year forecast for sales growth.</p><p>(Reporting by Shivani Kumaresan and Medha Singh in Bengaluru; Editing by Shounak Dasgupta, Bernard Orr and Richard Chang)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SLB":"斯伦贝谢","GME":"游戏驿站","INTC":"英特尔","MARA":"Marathon Digital Holdings Inc","RIOT":"Riot Platforms","NVDA":"英伟达","IBM":"IBM","NFLX":"奈飞",".DJI":"道琼斯","MSFT":"微软",".IXIC":"NASDAQ Composite","JNJ":"强生","HOG":"哈雷戴维森","TSLA":"特斯拉","KO":"可口可乐","HON":"霍尼韦尔","AMZN":"亚马逊",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2128689062","content_text":"Tesla falls after fatal crash, bitcoin slumpsGameStop shares jump as CEO exitsCoca-Cola rises as revenue beats estimatesNEW YORK, April 19 (Reuters) - U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc shares fell after a fatal car crash.The electric-car maker fell after a Tesla vehicle believed to be operating without anyone in the driver's seat crashed into a tree on Saturday north of Houston, killing two occupants.The stock was the biggest drag on the S&P 500 and Nasdaq Composite Index . An 8.4% drop over the weekend in bitcoin , in which Tesla has an investment, also weighed on its share price.The S&P 500 was mostly lower, with Microsoft Corp , Amazon.com Inc and Nvidia Corp also weighing on the benchmark index as analysts await results this week and next that form the bulk of earnings season.Corporate outlooks should indicate to what degree the rally from last year's lows can continue. Analysts expect first-quarter earnings to have grown 30.9% from a year ago, according to Refinitiv IBES data.The U.S. economy is poised to boom as consumers hold $2 trillion in savings in excess of what they held before the pandemic, said Doug Peta, chief U.S. investment strategist at BCA Research, adding markets are in pause mode.\"If indeed we do keep grinding higher that would be healthy, that would suggest that the grinding higher is sustainable,\" Peta said. \"The pullbacks along the way are healthy.\"Nvidia fell after the UK government said it would look into the national security implications of Nvidia's purchase of British chip designer ARM Holdings, raising a question mark over the $40 billion deal.Coca-Cola Co rose after the beverage maker trounced estimates for quarterly profit and revenue, benefiting from the easing of pandemic curbs and wide vaccine rollouts.International Business Machines Corp , another blue-chip company, slipped ahead of its results due after the market close.\"The market has had a huge jump to the upside so it needs to take a little bit of rest,\" said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.\"For now it's just a little bit of profit taking as traders await results from big tech names on Wall Street.\"Unofficially, the Dow Jones Industrial Average fell 0.35% to end at 34,082.44 points, while the S&P 500 lost 0.52% to 4,163.64.The Nasdaq Composite dropped 0.98% to 13,914.77.A recent retreat in benchmark 10-year Treasury yields from 14-month highs has helped high-flying technology stocks to rebound, while strong economic data has lifted the S&P 500 and the Dow to record levels.The S&P 500 has gained the past four weeks, its longest winning streak since August 2020.GameStop Corp jumped on the announcement of its chief executive's resignation.Crypto stocks including miners Riot Blockchain and Marathon Digital each slumped as bitcoin took a hammering.Harley-Davidson Inc jumped after the motorcycle maker raised it full-year forecast for sales growth.(Reporting by Shivani Kumaresan and Medha Singh in Bengaluru; Editing by Shounak Dasgupta, Bernard Orr and Richard Chang)","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":371088855,"gmtCreate":1618892527177,"gmtModify":1704716459363,"author":{"id":"3581927268423888","authorId":"3581927268423888","name":"lyk098","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581927268423888","authorIdStr":"3581927268423888"},"themes":[],"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371088855","repostId":"1156554644","repostType":4,"repost":{"id":"1156554644","pubTimestamp":1618889564,"share":"https://ttm.financial/m/news/1156554644?lang=&edition=fundamental","pubTime":"2021-04-20 11:32","market":"us","language":"en","title":"Peloton Stock Fell After Treadmill Warning. Wall Street Sees a Chance to Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=1156554644","media":"MarketWatch","summary":"PelotonInteractive is fighting a U.S. regulatory warning about the safety of its treadmills after a deadly accident involving a child. Analysts say a drop in the stock price that followed the news represents a buying opportunity.Last week, the Consumer Product Safety Commission said people should stop using Peloton’s Tread+ machine if they had small children or pets at home, asking the exercise equipment maker to recall the product.Peloton on Saturday called the warning “inaccurate and misleadin","content":"<p>PelotonInteractive is fighting a U.S. regulatory warning about the safety of its treadmills after a deadly accident involving a child. Analysts say a drop in the stock price that followed the news represents a buying opportunity.</p>\n<p>Last week, the Consumer Product Safety Commission said people should stop using Peloton’s Tread+ machine if they had small children or pets at home, asking the exercise equipment maker to recall the product.Peloton on Saturday called the warning “inaccurate and misleading.”</p>\n<p>Shares of Peloton (ticker: PTON) tumbled 9.6% on Monday. They are down more than 30% this year compared with a 10.7% gain in the S&P 500.</p>\n<p>The regulator cited 39 incidents, including the death, saying it believes the treadmill poses serious risks to children for abrasions, fractures, and death. It urged people who have children at home to stop using the machine.</p>\n<p>On Saturday, Peloton said there was no reason to stop using it, adding that children under 16 years old should not use it and that owners should keep children and pets away from it.</p>\n<p>Stifel analyst Scott Devitt confirmed his Buy rating on the stock and his target of $170 for the share price, saying the decline is a chance to buy.</p>\n<p>“While we don’t believe the event will have lasting consequences for the company, the timing of it isn’t great given the short-term vulnerability the stock has to increased human mobility,” he said in a note.</p>\n<p>Peloton, best known for its nearly $2,000 stationary bicycles and subscription spinning classes, won over customers in the past year because the closing of gyms and exercise studios as a result of the pandemic have forced people to work out from home. Perhaps because of the surge in popularity, the company also has struggled to keep up with demand, pledging to spend millions to speed up shipping and delivery.</p>\n<p>Now, the concern iswhether Peloton can hold on to its popularityas gyms reopen. Wall Street remains positive.</p>\n<p>JP Morgan analyst Doug Anmuth also said the stock-price drop is a buying opportunity, reiterating his Overweight rating on the shares.</p>\n<p>Peloton warned about the accident involving its treadmill last month. It has since taken steps to ensure the safety of the product, Anmuth said in a note. It won’t stop selling or recall the treadmills, he said, and it isn’t expected to delay the introduction of a lower-priced model next month.</p>\n<p>Truist analyst Youssef Squali also kept a Buy rating on Peloton shares, with a $160 price target. The CPSC warning is a “black eye” for the company, but won’t affect revenue and profit, he said.</p>\n<p>His target implies a 52% gain from the current price.</p>\n<p>Squali cited several reasons the CPSC’s warning will have little effect on Peloton’s near-term results. First, he said, it isn’t clear whether Tread+ is more dangerous than other treadmills. He cited CPSC data that 22,500 emergency-room visits were linked to treadmills in 2019. Peloton introduced Tread+ in 2018.</p>\n<p>Second, the analyst said, treadmills are popular, with more than 5 million sold annually. The demand has only increased because of the pandemic.</p>\n<p>Third, Peloton is projecting that treadmills will account for a bigger portion of its equipment sales in the coming year, he said.</p>\n<p><img src=\"https://static.tigerbbs.com/aefdc8867ab6c61f028720fdb373d432\" tg-width=\"663\" tg-height=\"521\"></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Peloton Stock Fell After Treadmill Warning. Wall Street Sees a Chance to Buy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeloton Stock Fell After Treadmill Warning. Wall Street Sees a Chance to Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-20 11:32 GMT+8 <a href=https://www.marketwatch.com/articles/peloton-stock-falls-after-safety-news-analysts-see-a-chance-to-buy-51618854878?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PelotonInteractive is fighting a U.S. regulatory warning about the safety of its treadmills after a deadly accident involving a child. Analysts say a drop in the stock price that followed the news ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/peloton-stock-falls-after-safety-news-analysts-see-a-chance-to-buy-51618854878?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc."},"source_url":"https://www.marketwatch.com/articles/peloton-stock-falls-after-safety-news-analysts-see-a-chance-to-buy-51618854878?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1156554644","content_text":"PelotonInteractive is fighting a U.S. regulatory warning about the safety of its treadmills after a deadly accident involving a child. Analysts say a drop in the stock price that followed the news represents a buying opportunity.\nLast week, the Consumer Product Safety Commission said people should stop using Peloton’s Tread+ machine if they had small children or pets at home, asking the exercise equipment maker to recall the product.Peloton on Saturday called the warning “inaccurate and misleading.”\nShares of Peloton (ticker: PTON) tumbled 9.6% on Monday. They are down more than 30% this year compared with a 10.7% gain in the S&P 500.\nThe regulator cited 39 incidents, including the death, saying it believes the treadmill poses serious risks to children for abrasions, fractures, and death. It urged people who have children at home to stop using the machine.\nOn Saturday, Peloton said there was no reason to stop using it, adding that children under 16 years old should not use it and that owners should keep children and pets away from it.\nStifel analyst Scott Devitt confirmed his Buy rating on the stock and his target of $170 for the share price, saying the decline is a chance to buy.\n“While we don’t believe the event will have lasting consequences for the company, the timing of it isn’t great given the short-term vulnerability the stock has to increased human mobility,” he said in a note.\nPeloton, best known for its nearly $2,000 stationary bicycles and subscription spinning classes, won over customers in the past year because the closing of gyms and exercise studios as a result of the pandemic have forced people to work out from home. Perhaps because of the surge in popularity, the company also has struggled to keep up with demand, pledging to spend millions to speed up shipping and delivery.\nNow, the concern iswhether Peloton can hold on to its popularityas gyms reopen. Wall Street remains positive.\nJP Morgan analyst Doug Anmuth also said the stock-price drop is a buying opportunity, reiterating his Overweight rating on the shares.\nPeloton warned about the accident involving its treadmill last month. It has since taken steps to ensure the safety of the product, Anmuth said in a note. It won’t stop selling or recall the treadmills, he said, and it isn’t expected to delay the introduction of a lower-priced model next month.\nTruist analyst Youssef Squali also kept a Buy rating on Peloton shares, with a $160 price target. The CPSC warning is a “black eye” for the company, but won’t affect revenue and profit, he said.\nHis target implies a 52% gain from the current price.\nSquali cited several reasons the CPSC’s warning will have little effect on Peloton’s near-term results. First, he said, it isn’t clear whether Tread+ is more dangerous than other treadmills. He cited CPSC data that 22,500 emergency-room visits were linked to treadmills in 2019. Peloton introduced Tread+ in 2018.\nSecond, the analyst said, treadmills are popular, with more than 5 million sold annually. The demand has only increased because of the pandemic.\nThird, Peloton is projecting that treadmills will account for a bigger portion of its equipment sales in the coming year, he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371081947,"gmtCreate":1618892437489,"gmtModify":1704716457584,"author":{"id":"3581927268423888","authorId":"3581927268423888","name":"lyk098","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581927268423888","authorIdStr":"3581927268423888"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371081947","repostId":"2128689062","repostType":4,"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
