Diamonds and Dogs
General Motors (GM) gets a boost from Microsoft. General Motors jumped 9% to new highs as Microsoft is joining GM, Honda and others in a $2 billion investment round in Cruise to help commercialize its self-driving cars. The investment is part of a broader commitment by GM and Cruise to use Microsoft's Azure cloud-computing platform across their companies. GM is a major shareholder in Cruise.
Peloton (PTON) downgraded to a sell. The interactive bike company was down 5% on a downgrade. The analyst lowered their price target to $124 expecting slowing demand in the coming year. Currently, the company is struggling to met demand. Amazing run.
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