Peloton will temporarily halt production of its bikes and treadmills due to sluggish consumer demand. Shares were down another 23% which makes it 85% from its 52 week high. We have been recommending Peloton - PTON as a short since before its 52 week high. It took some time but ultimately we got this one … Continue reading Peloton Down Another 23%
Information Technology
Semiconductor Equipment Makers Rise
Semiconductor equipment makers rise on a tough NASDAQ tape, thanks to the continuing shortage of chips and increased CAPEX in the industry. In our model portfolios we own Ultra Clean – UCTT.NAS and Kla Corporation – KLAC. NAS and we recommend all of the stock below. From Investors Business Daily Taiwan Semi Tops Q4 Targets … Continue reading Semiconductor Equipment Makers Rise
Nvidia Powering the Metaverse
Nvidia Powering the MetaverseDownload Nvidia had yet another great quarter, taking the stock up near 10% at the time of writing. The overall stock returns of Nvidia have been incredible. Nvidia is a leader in gaming, data centers, crypto mining, artificial intelligence, and autonomous driving. Q3 revenue was up 50%, with data center revenue up 55%, and … Continue reading Nvidia Powering the Metaverse