This Week's Movers

This Week's Movers

Happy Friday folks! 

While earnings season may have kicked off last week, we really got into the thick of it this week as Tesla, Netflix, and more showed us some mighty impressive numbers. On top of that, we’ve got a brand new stock pick already outpacing our wildest expectations, a potentially massive merger, and some travel-related nervousness. 

Let’s get into it!

Here were the biggest movers in the MyWallSt shortlist this week:

Moving Up ⬆️

Trupanion (TRUP) +20.4%

Nautilus (NLS) +19.8%

Pinterest (PINS) +16.5%

LoveSac (LOVE) +12.1%

Peloton Interactive (PTON) +11.4%

Moving Down ⬇️

PayPal (PYPL) -9.4%

Upstart Holdings (UPST) -9.1%

Tripadvisor (TRIP) -8.7%

Ulta Beauty (ULTA) -8.3%

Booking Holdings (BKNG) -5.0%

 

What investors need to know 

Moving up

Pinterest (PINS) +16.5%

What’s left to say about Pinterest this week? Plenty, actually, including the fact that we still don’t have any confirmation of whether it’s in advanced talks to be acquired by PayPal or not. But where there’s smoke, there’s usually fire, and this is a pretty big fire to be brushed away as mere speculation. With the reported deal valuing Pinterest at $45 billion, investors would receive a 25% premium payout of $70 per share compared to Tuesday’s closing price — before the story broke. If you want to know more, read our latest expert Insight on the deal here

LoveSac (LOVE) +12.1%

Now we’re not saying that LoveSac is having an awesome week because it was added to the MyWallSt shortlist on Monday, but we’re not NOT saying that either… I guess we can also, begrudgingly, attribute the stock’s rise to a brand new product that was unveiled on Monday, Sactionals StealthTech Sound + Charge. While it sounds a bit like some new, hi-fi military hardware, it’s actually just some cool Harman Kardon speakers that can be tucked inside the company’s Sactional products for the ultimate couch-bound audio experience. LoveSac investors were clearly delighted with the new toy, as it adds a more tech-based aspect to the modular furniture manufacturer, setting it apart from the competition.  

Peloton Interactive (PTON) +11.4%

Alongside other direct-to-consumer product sellers, Peloton received a much-needed boost this week off the back of favorable market data. Recent consumer reports have indicated that purchase intent is on the rise among shoppers coming up to the crucial holiday season. With its stock price down around 35% year-to-date due to wider market conditions and some painful product recalls, Peloton could use the boost. Investors will be itching to see the company’s Q3 figures when they’re released in early November, so expect a bit of volatility in the short term. 

Moving down

PayPal (PYPL) -9.4%

I guess the good of the scorpion is not always the good of the frog? While Pinterest soars, PayPal has been in freefall as investors weigh up the huge cost of buying one of the world’s foremost social media platforms. PayPal is large — valued at around $300 billion prior to the rumors — but it’s not so large that a $45 billion bet couldn’t be catastrophic. Should things go south and the deal not pay off in a big way, PayPal’s investors could panic and abandon ship. We’re already witnessing the skittish run for the lifeboats. However, there are actually plenty of reasons to be optimistic about the deal, including the potential for PayPal to dominate the e-commerce market. You can read more about this in our Insight here

Travel stocks

People just aren’t ready to pack their bags yet and it’s showing for Booking Holdings (BKNG) and Tripadvisor (TRIP), which both saw their shares fall this week. The impact of COVID-19 and ongoing restrictions and rising cases across some parts of the world is not sitting well with investors, and with each expected to report on Q3 earnings in the coming weeks, optimism doesn’t appear to be high. However, there has no doubt been a massive improvement to the travel community over the past year as vaccines open the world up piece by piece. Long-term investors can just ride out the COVID storm and keep an eye on projections during their Q3 reports. 

JamieJamie

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