We share weekly commentaries with investors on stocks in our strategies that have appreciated or dropped more than 15% in a day during the course of the week. We hope you find this commentary useful.
Peloton (PTON)
+25%
Shares of Peloton traded up 21% on Monday and 25% on Tuesday following its second quarter earnings call, in which management announced a new CEO, job cuts, and plans to scale back operating expenses. Shares also appreciated in response to takeover speculation. Peloton provides interactive fitness products globally.
Shares of Joby Aviation, an electric aerial ridesharing company, rose 21% on Tuesday after the company announced a new partnership with digital services provider SK Telecom to create an air taxi service in South Korea.
Shares of Tinkoff, a digital financial ecosystem provider, traded up 15% on Wednesday in line with broader emerging markets as geopolitical tensions intensified between Russia and Ukraine. Earlier in the week, media outlets also reported that Russia might regulate instead of ban bitcoin as currency. Given the company’s technological expertise and comprehensive suite of financial services, we believe that Tinkoff has the potential to be an important crypto on-ramp for consumers in Russia.
Shares of 2U, a digital education platform provider, fell 47% on Thursday despite the company reporting stronger than expected earnings that were tempered by lower than consensus guidance. Because of 2U’s acquisition of edX, its operational costs will be higher than expected.
