Diamonds and Dogs
Peloton (PTON) gearing up for the holidays. The fitness company stock rose 11% to new highs as the company is getting ready for the holidays. Last week the company announced they will sell cheaper treadmills and rowing machines. They also said they are exploring apps for Amazon.com Inc's Fire TV and Apple Inc's Watch. With all the recent ads, Peloton is hoping for a very merry holiday season.
Spotify (SPOT) taking a hit. The music streaming company is down 4% on news Amazon.com will introduce an ad-supported free version of its music streaming service Amazon Music, taking on rival Spotify Technology which has nearly 140 million users for its free version. Other reports suggest social media video app TikTok may launch its own music streaming service.