Tesla shares could decline dramatically — and that could mean disaster for a number of stocks that have already seen deep share-price cuts, according to equity research firm New Constructs. Read more
Tag: Leisure/Travel Goods
Roblox stock rockets 20% on ‘impressive’ turnaround from yearlong slide
Roblox Corp. shares headed for their best performance in nearly a year Monday, after the youth-oriented social-media platform reported figures for September that suggested a turnaround from a yearlong slog. Read more
A Tesla stock plunge could destroy ‘zombie stocks’ such as GameStop and Peloton, warns equity research firm New Constructs
Tesla shares could decline dramatically — and that could mean disaster for a number of stocks that have already seen deep share-price cuts, according to equity research firm New Constructs. Read more
Retailers are cutting clothing prices, but don’t expect big discounts from this athleisure giant
Athleisure-wear maker Lululemon Athletica Inc. is better positioned to stay above the current clothing discount frenzy and is gaining popularity among younger consumers, Piper Sandler analysts said Tuesday in upgrading Read more
Saudi Arabia wants to be a hub for gaming, plans $37.8 billion investment in the industry
Saudi Arabia is making its next big move in an ongoing effort to diversify its economy. Savvy Games Group, owned in full by the country’s Public Investment Fund, is planning Read more
Peloton strikes first brick-and-mortar deal with Dick’s
Peloton PTON, -3.06% is turning to the country’s largest sporting goods retailer in its latest effort to reach more customers. The connected fitness giant will sell its equipment in Dick’s Sporting Read more
‘Grand Theft Auto’ hack showed just how profitable GTA6 could be, analyst says
Take-Two Interactive Software Inc. stands to earn nearly $2 billion helped by sales of its next installment of “Grand Theft Auto,” a Goldman Sachs analyst estimated Thursday. Goldman Sachs analyst Read more
Peloton to cut another 500 jobs, the fourth round of cuts this year
Peloton Interactive Inc. said it plans to cut about 500 jobs, roughly 12% of its remaining workforce, in the company’s fourth round of layoffs this year as the connected fitness-equipment Read more
The Roblox reality may not be ‘as grand as its vision,’ analyst says in bearish note
Roblox Inc. has big visions for its future, but one analyst isn’t sure they’ll pan out — or that they’re what investors want to hear about right now. MoffettNathanson’s Clay Read more
Nike shares drop as analysts flag rising inventory issues
Nike stock fell over 9% in Friday pre-market trading as analysts flagged rising inventories at the sports apparel maker. On Thursday, Nike NKE, -3.41% reported an “upbeat” fiscal first quarter Read more