Here are Monday’s biggest calls on Wall Street: JPMorgan reiterates Peloton as overweight JPMorgan said it’s staying positive on shares of Peloton heading into earnings next week. “We remain positive on PTON shares as the company continues to shift its cost structure from fixed to variable with an eye towards turning FCF positive in the … Read more
Every other week, beginning in May, Morning Consult polls consumers about back-to-school spending plans. The results of its latest survey were startling. There was a 10-point pop from the prior poll in the number of parents who say they can’t afford backpacks, notebooks, new jeans and sneakers, and other supplies. “The drop in the number … Read more
A man checks his phone as he walks past Macy’s flagship store in New York City. Getty Images Macy’s is not breaking up after all. On Tuesday, the department store chain affirmed that it will forge ahead as one retailer, despite pressure from activist Jana Partners to split into two entities. During a call with … Read more