Tuesday’s Headlines: Apple Unveils The Next Era of Fitness

Tuesday’s Headlines: Apple Unveils The Next Era of Fitness

Here were the biggest movers in the MyWallSt shortlist yesterday:

Moving Up ⬆️

2U (TWOU) +9.1%

Stitch Fix (SFIX) +6.7%

Zillow (Z) +6.1%

Tesla Motors (TSLA) +4.9%

Duluth Trading (DLTH) +4.4%

Moving Down ⬇️

Spotify (SPOT) -6.1%

IMAX (IMAX) -4.8%

Walt Disney Co. (DIS) -3.7%

Nordstrom (JWN) -3.4%

Wynn Resorts (WYNN) -3.1%

1. In a bid to make the Apple Watch even stickier, Apple Fitness+ launched yesterday, becoming the first fitness experience built around the wearable. Some reviewers of the app have said it’s just as good as Peloton and at $9.99 a month, it’s $36 cheaper annually. Participants who have an Apple Watch can take the pre-recorded exercise classes, which are available on iPhones, iPads, and the Apple TV. Peloton seems unfazed by the heightened competition, as its stock rose 4% yesterday, surpassing Ford Motors. Apple’s (AAPL) addition comes at a great time as people still aren’t going to gyms and require new home workouts. See the full press release here

2. More great news for Tesla (TSLA) as its shares jumped 4.9% yesterday following a report which stated that the company has "already achieved its goal for Model S and Model X deliveries" in Q4. This means that Tesla can focus on delivering its higher-volume Model 3 and Model Y vehicles, while the company's ambitious guidance for 500,000 vehicles in 2020 is now looking more achievable. To beat this target, the company must deliver 181,000 vehicles in Q4, up from a record smashing 140,000 vehicles in the prior quarter. With Tesla shares up over 643% since January, the pressure is on to deliver strong deliveries in the final quarter of 2020. Read the full story here

3. The Electoral College voted on Monday to cement President-elect Joe Biden’s victory in this year’s presidential election, as ballots mirrored their state’s popular vote. In other news from the U.S. capital, Washington lawmakers announced a new $908 billion bipartisan proposal yesterday which aims to put together another coronavirus relief package, except it lacked one key area of aid — a second $1,200 stimulus check. Both Trump and Biden back additional direct payments to stimulate the U.S. economy. The Dow Jones Industrial Average (DIA), S&P 500 (VOO), and Nasdaq Composite (QQQ) are all trading in the red at time of writing potentially over the lack of a stimulus check plan. Read the full story here.