A new year means new opportunities. Some of 2024's market winners will flop, and some of its losers will rebound.The S&P 500 is ending the year up about 24% after it fell last week on the Federal Reserve's most recent interest rate decisions. That's still an excellent gain for the year. What will happen next year? No one knows. There are bound to be some surprises. Roku (ROKU 0.96%), Wayfair (W -1.13%), and Peloton Interactive (PTON 0.97%) are three beaten-down stocks that could pull off a rebound.1. Roku: ...

What goes up, must come down. But can it come back up again?This is precisely the path that Peloton Interactive (PTON 2.46%) is taking. Its shares surged 550% from their initial public offering in September 2019 to their peak in January 2021. They then tanked 98% as they hit a 52-week low in May of this year.However, there's been a bit of a resurgence. This consumer discretionary stock has soared 219% in just over seven months, as it aims to win back investors. Before you decide to ride the momentum and buy ...

This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically. Associated with SA contributors Thomas Potter and Elijah Buell.Analyst’s Disclosure: I/we h ...

The pandemic triggered a boom in stocks that accommodated physical isolation, convenient access from home, and fitness. Many of these stocks hit unbelievable highs during the lockdowns but collapsed just as hard in the post-pandemic normalization period afterward. While many of these stocks faded into oblivion, leaving a trail of bagholders, some stocks are attempting to regain some footing as they learn from past missteps. Here are two former high-flying momentum stocks in the consumer discretionary and me ...

Peloton Interactive, Inc. (PTON) stock has shown remarkable performance in the past three months, outpacing the S&P 500 and the industry. In the same time frame, PTON has skyrocketed 158.9% compared with the industry’s 23% rally and the S&P 500’s 8.3% rise.As of Wednesday, the stock closed at $8.31, below its 52-week high of $8.97 but well above its 52-week low of $2.70. PTON has also outperformed other industry players like Planet Fitness, Inc. (PLNT) , Vista Outdoor Inc. (VSTO) and Acushnet Holdings Corp. ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Members of Catalyst Hedge Investing had early access to this article. They have exclusive access to many other articles every month as well as an active chat board with regular updates on ideas and a best ideas portfolio.Peloton (NASDAQ: PTON ) reported Q3 earnings on October 31st, which surprised the street (and me) to the upside. I have said for months now that the costs here were massively out of whack. The company made some progressHe leads the investing group Catalyst Hedge Investing , in which he shar ...

The high-profile hedge fund manager has no solution for the company's biggest problem right now.Shares of Peloton Interactive (PTON 3.59%) are undervalued, according to hedge fund manager David Einhorn. Speaking at a recent investor conference, the founder and chief of Greenlight Capital argued the fitness equipment maker's stock could be worth as much as $31.50 per share. That's about 330% higher than where the stock trades as of this writing.The catch? The struggling company needs to ... tweak a few of it ...

The connected fitness company's incoming CEO has an impressive resume that includes a seven-year stint at Apple.Peloton Interactive (PTON 3.59%) was a savior for fitness enthusiasts during the depths of the pandemic. When lockdowns and social distancing protocols were implemented in 2020 and 2021, demand soared for the company's connected exercise equipment and virtual fitness classes.However, Peloton's revenue has declined in each of its last three fiscal years as social conditions gradually returned to no ...

Key TakeawaysPeloton shares rose again Monday after a double rating upgrade from Bank of America Securities.The company's first-quarter results beat expectations last week, and the company named a new CEO.BofA believes the new leadership can achieve $100 million in efficiency savings over the next few years. Peloton Interactive (PTON) shares raced higher Monday after its strong first-quarter results drew a double upgrade from analysts at Bank of America Securities. The bank raised its rating to “Buy” from “ ...