After Peloton Interactive's (NASDAQ: PTON) share price recently sunk to a low of $22.81, the stock has rebounded sharply to the high 30s. While there have been reports that Amazon and Nike could be exploring an acquisition offer for the company, investors appear to have a lot of confidence in management's new plan to put Peloton on a more solid financial footing with regards to profitability. Here's what to expect from the cost-reduction plan and why upside for the stock from these levels might be limited in the near term. Read More...
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2 “Strong Buy” Bitcoin Mining Stocks That Could Double From Current Levels
Bitcoin and its sibling cryptocurrencies have been picking up headlines lately, sometimes scooping them in by the bucketful. That’s inevitable, given the spectacular volatility the cryptos have seen in recent months, more than doubling in value and falling back down again. Bitcoin, the flagship, peaked above $67,000 in November, only to fall as low as $35,000 in the latter half of January. It’s trading at $43,000 now, on an upward tack. These kind of asset movements naturally attract investors –
