The tech giant has entrenched itself as one of the biggest beneficiaries of the coronavirus pandemic. 

JMP raised their price target for Peloton to $109 from $59. The firm cited strong usage with no signs of typical ‘summer seasonality’. In addition, according to a study by JMP, 50% of U.S. gym members will not return to the gym, which may encourage further engagement. The Final Round panel breaks down the details

Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Emily McCormick break down the earnings reports for Foot Locker and Deere.

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. bought roughly $813 million worth of Bank of America Corp. stock, piling more funds into the lender amid its 31% slump this year.Berkshire purchased roughly 33.9 million of the company’s shares this week, boosting its stake by more than 3% to about 981.7 million shares, according to a […]

Plant-based meat pioneer Beyond Meat (BYND) has announced the company’s first co-manufacturing capabilities in Europe with the opening of the Zandbergen co-manufacturing facility in Zoeterwoude, the Netherlands.The new facility, which is owned and operated by Zandbergen, will produce the Beyond Burger and Beyond Sausage, and BYND hopes it will enable more efficient distribution of Beyond Meat’s products across […]

The drugs giant says it can double the production of a potential vaccine after backing by Bill Gates.

Logitech, which makes webcams, keyboards, mouses as well as video conferencing devices and software, said its fourth-quarter sales rose to $709.2 million, compared with $624.3 million a year ago. Non-GAAP operating income rose 23.3% to $79 million in the quarter that ended in March. For the full year, the company reported a rise of 6.7% […]