|Day Low/High||71.53 / 73.26|
|52 Wk Low/High||23.77 / 88.77|
With new equipment -- and new price points -- Peloton is ready to bring in new customers. This is a stock that could still grow nicely once the impetus for that growth fades.
This week we'll hear from WMT, HD, LOW and TGT, and here's why these big fish retailers will gobble up the small ones during this pandemic.
Markets may believe that we are closer to the effective use of vaccines and therapeutics than we know in this battle against Covid-19.
Should we take profits on our long Peloton, short Planet Fitness trade or let it run?
Plus, Disney will report earnings after Tuesday's close amid big challenges and Chicago Fed President Charles Evans' blunt economic assessment.
These familiar names are showing both technical and quantitative deterioration.
In the past two weeks PLNT has weakened and closed back below the declining 50-day moving average line.
Our government made businesses insolvent to conquer a disease it can't conquer, and now solid businesses that could have thrived, that could have been the next Walmart for all we know, are closing.
Market leadership may be lacking on Thursday despite rising trading volumes, plus an update on Apple, Microsoft, Mastercard, Amazon and Gilead.
The rally in PLNT is tired and likely to fade fast.
And when it comes to gyms and fitness, I would much rather be long Planet Fitness than Peloton. Not even close.
With people shut out of gyms and many now working out at home due to the coronavirus, the trade is to short Planet Fitness and go long Peloton.
PLNT could use its own personal trainer as the charts show lower lows likely -- now you have a real excuse to avoid the gym.
As the coronavirus causes worry about germs in the weight room, more people may exercise the option of working out at home with Peloton.
Plus, a bit of coaching on how to put your money to work opportunistically amid the uncertainty.
Our latest analysis on the fitness chain.
Interestingly, the spike in gold prices was indeed mimicked by a simultaneous spike in Bitcoin prices versus the U.S. dollar.
I expect PLNT to outperform over the next six weeks.
Retail has proved a volatile industry as tastes and trends change -- and now there are some signs that Amazon shares could be turning vulnerable, too.
Let's find a trainer versed in technical analysis as we check out the charts.
There are four possible headline risks that could put the kabosh on these markets.
As for pressure on the Chinese side, I think a September 17.8% decline in exports to the U.S. compounded on top of a 22% decline in August speaks for itself.
In the past three years, PLNT bulked up from $20 to $80 and now a major correction to the $50 area -- a 50% correction -- would not be a surprise.
A market repricing...which are the 'true' growth stocks now?
But buying a straddle might be your best one, here's the game plan.
I am long KSS, and have a number of options trades in play that I have used to reduce net basis.
The uptrend that technicians would have confirmed as late as last Wednesday, or even Thursday around mid-day, is now clearly a market in correction.