Peloton Price

Peloton Gets $105 Price Target as Earnings Excitement Builds – Yahoo Finance

(Bloomberg) — Peloton Interactive Inc. jumped on Wednesday after JPMorgan said shares of the connected fitness bike maker could reach $105 by December 2021.

The stock has more than tripled this year as Peloton’s exercise equipment benefited from stay-at-home routines and as day trader interest picked up. “We continue to like shares into earnings and believe there is significant upside potential to consensus estimates both near and long term,” wrote analyst Doug Anmuth, who also lifted his sales and earnings estimates. He had previously expected the stock to reach $58 by this December, a level it surpassed in July.

Peloton’s “biggest challenge,” Anmuth said, “is keeping up with elevated demand,” as a bike order-to-delivery time takes six to seven weeks on average, even after the company doubled its pace of manufacturing since March.

Shares rose 6.3% to $88.95 as of 9:40 a.m. in New York. The stock has been trading at record highs, and has mostly traded above analyst price targets since late June.

JPMorgan now expects fourth quarter revenue of $593 million, while Bloomberg’s average estimate suggests the company may generate a little over $575 million in the quarter.

The update follows a price target boost from Goldman Sachs analysts, who assigned a 12-month target of $96 on the stock last week. Consensus estimates for Peloton were “far too low,” the analysts said.

Peloton reports fourth-quarter results on Sept. 10.

(Updates shares in second and fourth paragraphs)” data-reactid=”40″ type=”text”>For more articles like this, please visit us at

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Holding Price

Gold price holding steady following weak PCE inflation data – Kitco NEWS

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(Kitco News) – The gold market is holding on to its early morning gains up nearly 2% even as inflation pressures remain muted.

Friday, the Department of Commerce said that its Core Personal Consumption Expenditures Index, increased 0.3% in July, up from June’s 0.2%; however the data missed expectations. According to consensus forecasts, economists were expecting to see an increase of 0.5%.

Annual core inflation rose 1.3%, up from June’s reading of 1.1%.

Gold prices were showing strong gains ahead of the report and have pushed slightly higher in initial reaction. December gold futures last traded at $1,968.70 an ounce, up 1.82%.

While at first glance the weak inflation data would be negative for gold, some analysts have said that this could also be seen as supportive. Weak inflation pressures mean that the Federal Reserve has room to continue its aggressively dovish monetary policy action.

The latest inflation data comes a day after Federal Reserve Chair Jerome Powell announced a shift in the central bank’s monetary policy outlook. In a speech during the annual Jackson Hole central bank summit, he said that the Federal Reserve will target average 2% inflation and put emphasis on ‘broad and inclusive’ employment.

While inflation remained muted, the report also showed improving economic conditions. The report said that personal consumption rose 1.9% last month, following June’s 5.6% increase. Economists were expecting personal spending to rise 1.5%.

Looking at personal income, the report said that it rose 0.4%, up from June’s negative 1.1% reading. The data was much better than expected as economists were looking for a -0.3% drop in personal income.

“The income and spending numbers are a great sign for spending going forward,” said Adam Button, chief currency strategist at 

Although U.S. consumption data were better than expected, economists at CIBC said that economic activity still has a lot of ground to make up after the devisating impact of the COVID-19 pandemic.

“Total consumer spending remains almost 5% below February levels,” the said. “Whether goods spending can remain so strong will depend in large part on continued income support for those persons still out of work.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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iPhone Price

iPhone 12 Price Surprise As Apple’s Expensive iPhones Revealed – Forbes

08/02 Update below. This post was originally published on July 30

The iPhone 12 line-up has long looked like a game-changer: great design, massive performance leap, 5G for every model and exciting new camera tech. But now Apple looks set to blow it at the finish line. 

Apple, iPhone, new iPhone, iPhone 12, iPhone 12 Pro, iPhone 12 Pro Max, iPhone 12 release, iPhone 12 price,

iPhone 12 Pro design based on multiple leaks


MORE FROM FORBESApple’s New iPhones Have A Serious Battery ProblemBy Gordon Kelly

Following recent revelations that Apple will equip the entire iPhone 12 range with surprisingly small batteries and scrap 120Hz displays, new information from prolific industry insider Komiya reveals they will also be more expensive than expected. Particularly for the most popular model. 

08/01 Update: Komiya has returned with additional information on the iPhone 12 line-up’s new camera design – something that has been shrouded in mystery until this point. Interestingly, the insider says the rear camera array will remain in the familiar triangular arrangement with the LiDAR sensor on the iPhone 12 Pro models shrunken down, compared to their iPad equivalent. Whether that compromises the performance of LiDAR on the iPhone, remains to be seen. Komiya states that the three primary lenses on the Pros will also be slightly larger, due to bigger sensors. Apple made massive strides with the iPhone 11 series, returning the range to the top tier of smartphone cameras. With Google’s new Pixels potentially struggling this year, Apple has every chance to capitalize further.

08/02 Update: having delivered surprising details about Apple’s iPhone 12 camera design (above), Komiya added further information revealing that we shouldn’t get too used to seeing the LiDAR sensor on iPhones. This is because “Apple is looking for the way to hide the LiDAR scanner on the back of iPhone” which will result in a cleaner finish and be a relief to those who suffer from trypophobia. That said, the change isn’t coming immediately, with Komiya stating that Apple is looking to implement this only in 2022. Still, with ever more lenses being added to smartphones, hiding the LiDAR sensor is a potentially smart move given Apple has ambitious plans for its future iPhone cameras.

Back in May, respected Apple tipster Jon Prosser revealed Apple’s plans to release its four new iPhone 12 models at aggressively competitive prices: iPhone 12 – $649, iPhone 12 Max – $749, iPhone 12 Pro – $999, iPhone 12 Pro Max – $1,099. This would’ve seen Apple drop the entry-level price of the range by $50 compared to the iPhone 11 range and keep iPhone Pro pricing the same, despite the introduction of costly 5G antennas. 

Unfortunately, this now looks too good to be true. Komiya’s updates claims Apple has now decided to ship its new range at the following price points: 

  • iPhone 12 – (5.4-inch) – $699 (64GB), $749 (128GB), $849 (258GB) 
  • iPhone 12 Max (6.1-inch) – $799 (64GB), $849 (128GB), $949 (258GB) 
  • iPhone 12 Pro (6.1-inch) – $1,049 (128GB), $1,149 (256GB), $1,349 (512GB) 
  • iPhone 12 Pro Max (6.7-inch) – $1,149 (128GB), $1,249 (256GB), $1,449 (512GB) 

The biggest pain point here is the iPhone 12 Max, the new name for the successor to the iPhone 11 – Apple’s biggest selling model, which increases by $100 at every capacity. Meanwhile, the new, smaller 5.4-inch iPhone 12 now price matches the iPhone 11, while the iPhone Pro models increase $50 at their lowest capacities. 

Apple, iPhone, new iPhone, iPhone 12, iPhone 12 release date, 5G iPhone, iPhone 12 Pro,

iPhone 12 Max, iPhone 12 Pro Max, iPhone 12 proportional sizes


The good news is iPhone Pro prices, although more than expected, have not increased dramatically despite their inclusion of 5G – something that has had a severe impact on many rivals. But upgraders hoping to see the iPhone 11’s successor retain its highly popular price point will be disappointed. Especially with a 256GB model now only $100 less than a 128GB iPhone 12 Pro. 

While surmountable in isolation, the combination of increased prices, reduced battery capacities and 60Hz displays may well cause previously committed upgraders to think twice. Especially with Apple also adding a further stealth cost by removing both the charger and EarPods from the box ahead of its ambitious port-less future

With the iPhone 12 launch date fast approaching, Apple has suddenly given iPhone fans a lot to think about. 


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David Price

David Price opts out of 2020 MLB season as more players test positive for coronavirus – CBS News

Los Angeles Dodgers pitcher David Price announced Saturday he is opting out of the 2020 MLB season due to the ongoing coronavirus pandemic. Multiple players throughout the league have tested positive as teams gather for training camp ahead of the planned 60-game season.

“After considerable thought and discussion with my family and the Dodgers, I have decided it is in the best interest of my health and my family’s health to not play this season,” the 34-year-old pitcher wrote on Twitter. “I will miss my teammates and will be cheering for them throughout the season and on to a World Series victory. I’m sorry I won’t be playing for you this year, but look forward to representing you next year.”

Price was acquired by the Dodgers via trade in February. The team released a statement backing Price.

“The Dodgers fully support David’s decision to sit out the 2020 season,” the team said, according to CBS Los Angeles. “We have been in constant contact with David and we understand how much this deliberation weighed on him and his family. We know he’ll be rooting hard for the club every day and look forward to having him back with us in 2021.”

Price is now the seventh player to opt out of the 2020 season.

As teams continue to prepare for the 2020 season, which is scheduled to begin at the end of July, multiple players across the league have tested positive. New York Yankees manager Aaron Boone announced DJ LeMehieu and Luis Cessa both tested positive.

Four Atlanta Braves players, including all-star first baseman Freddie Freeman, also tested positive, the team reported. Four Miami Marlins players have also tested positive, but their identities were not disclosed.

According to CBS Sports, 1.2% of tests of MLB players have come back positive thus far.

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