February 1, 2024

TLDR

MARKET RECAP → Stocks rose Thursday, finding some relief after yesterday’s Fed-induced gut punch. After the close, some of the “Magnificent 7” companies reported earnings that impressed, with Amazon (AMZN) and Meta (META) rising 8% and 14%, respectively, in after-hours trading.

ELLIOTT SHAKES ETSY → ? Elliott Management’s bold 13% stake grab in Etsy, securing a board seat, teases a drama-filled corporate ballet. With strategic ambitions that could either sculpt a marketplace masterpiece or weave a cautionary corporate tale, Elliott’s play could redefine Etsy’s e-commerce narrative for the average investor, blending finance intrigue with a hint of Shakespearean drama.

PELOTON’S ROUGH RIDE → ? Peloton’s stock plummeted 20% as it navigated a fiscal quarter of mixed fortunes and a bleak outlook, hinting at a challenging path ahead despite a flicker of progress with retail partnerships and Tread+ sales.

Sean Horgan

Head of Investor Relations @ MoneyLion

$shorgan

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Today’s Top News

ELLIOTT SHAKES ETSY

? Elliott’s Big Move: Elliott Management, never one to shy away from the limelight, has gracefully waltzed into Etsy’s world with a hefty 13% stake. Their entrance wasn’t just for show; they snagged a board seat, signaling a move that’s part chess, part poker, with a dash of high finance intrigue.

? Strategic Ambitions: With the precision of a surgeon and the strategic foresight of a chess grandmaster, Elliott’s involvement hints at shaking up Etsy’s cozy marketplace. The goal? Spurring operational efficiencies, boosting profitability, and perhaps ensuring Etsy’s handcrafted goods shine brighter in the competitive e-commerce cosmos.

? Building Bridges or Walls?: The partnership between Elliott and Etsy’s board could be the dawn of a renaissance or a beautifully orchestrated ballet… or it could set the stage for corporate drama worthy of Shakespeare. Only time will reveal whether this alliance will craft a masterpiece or a cautionary tale.

Source: shutterstock

PELOTON’S ROUGH RIDE

?‍♂️ Mixed Fiscal Results: Peloton revealed mixed results for its holiday quarter, with a revenue beat but a slightly larger loss than Wall Street anticipated, highlighting ongoing challenges in achieving growth and profitability.

? Disappointing Guidance Shakes Confidence: The fitness giant’s shares tumbled by 20% as it projected weaker sales and a bigger loss for the upcoming quarter than analysts expected, signaling a rocky road ahead.

? Some Progress Amidst Struggles: Despite the gloomy forecast, Peloton noted stronger sales through retail partners and a positive response to its Tread+ equipment, offering a glimmer of hope in its turnaround efforts.

Source: shutterstock

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