2 Growth Stocks That Need A Fresh Start
Here are two stocks that need a fresh start in one way or another.
avatar
Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.
2022-04-17 11:15

These Two Stocks Need a Fresh Start
Occasionally we come across businesses that simply cannot stand the test of time. It’s not that they are bad ideas or poorly managed, they are just products or services that were in the wrong place at the wrong time. It is also possible that under a different management team, things can work out better in the future. So what do we do with these stocks after holding them all the way down? We can hope for the company to evolve its business or we can hope for a hostile takeover as well.
2 Growth Stocks That Need A Fresh Start
Here are two stocks that need a fresh start in one way or another.

Peloton
Peloton (NASDAQ:PTON) is the posterboy for companies that need a fresh start, and shareholders will tell you that more than anyone. Shares of the company are down 32.19% year to date and over 80% during the past 52-weeks. That is one major fall from grace. Peloton thrived at the start of the pandemic, with the stock peaking near $200.00 per share. With everyone quarantined and gyms closed, people flocked to companies like Peloton for at home fitness workouts.

Peloton has a decent system in place: it has premium hardware and a subscription-based membership program that gives you access to all of the good stuff like live classes. The cost is definitely difficult to swallow for some, with the company announcing it is raising subscriptions from $39 to $44 per month. Peloton is also slashing the cost of its exercise machines. The cheapest of which will still cost you nearly $1,500. Investors were excited earlier this year when it was rumored that Amazon (NASDAQ:AMZN) was interested in acquiring the company but nothing has materialized from that rumor. Peloton needs a reset in a bad way and it might take being acquired by a company like Amazon or Nike (NYSE:NKE) to get back on track.

Pinterest
Pinterest (NASDAQ:PINS) was a fintwit darling a couple of years ago. The do it yourself social media platform seemed to have everything in place: a loyal user base, ad revenues, and a growing international market. But then active users started to decline month by month, quarter by quarter. People seemed to be getting bored of Pinterest, and its true the platform hasn’t offered much in the way of innovation over the years.

Like Peloton, Pinterest surged earlier this year when it was rumored that PayPal (NASDAQ:PYPL) was interested in acquiring the company. PayPal backed off in the end, which caused shares of Pinterest to fall even further. Pinterest has the ability to succeed, but it might be a case of stale management without a proper vision for the full potential of the company. Pinterest stock could be a bargain at these prices if it could ever get its act together. We may need an Amazon or PayPal to jump in and take control if we want to see Pinterest’s stock rise higher.


Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

Rate this article

positive
negative
Published On
2022-04-17 11:15

avatar
About the Author
Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.


buy-coffee
You've read 1 article in the last year
..thank you for supporting us and for visiting our site. Unlike many other sites, The Dog of Wall Street is available for everyone to read. Our focus is to provide great content for free. Do you like what we are doing? Buy us a cup coffee. It is the fuel that keeps us going..

What the heck do we do with NVIDIA (NVDA) now?
NVIDIA could continue higher well into the $400s and I wouldn’t be surprised at all. 
By Mike Sakuraba | 1 week ago

Amazon's Ascent in the AI Era: An Unstoppable Force?
Amazon is set to transform our everyday experiences with AI-powered services, although it must navigate potential regulatory headwinds on its path to dominating the AI race.
By Staff | 2 weeks ago

Will Disney's Big Risk Pay Off?
The Political Tussle That Could Redefine an Entertainment Giant.
By Staff | 2 weeks ago

Musk Stays on as CEO: What This Means for Tesla (TSLA)
Tesla is still on track to be the long-term growth stock that many anticipated a few years ago.
By Mike Sakuraba | 2 weeks ago

Inflation Unraveled, a New Economic Normal
As the economy adjusts to a new normal with higher inflation rates and businesses leveraging their power to raise prices without consumer resistance, both consumers and policy makers must adapt their strategies to navigate the shifting landscape.
By Staff | 2 weeks ago

Is NVIDIA (NVDA) a Buy Ahead of its Earnings?
So with its earnings report on deck, what should we do with NVIDIA’s stock? 
By Mike Sakuraba | 2 weeks ago

PayPal's Roller Coaster Ride
Despite recent downturns, PayPal, equipped with its robust resources, strong brand recognition, and technological adaptability, holds potential for future growth through cryptocurrency, buy-now-pay-later services, business lending, strategic partnerships and acquisitions, especially within developing international markets.
By Staff | 3 weeks ago

2 Stocks To Buy After Earnings Sell Offs
When these stocks sell-off, they can provide one of the best buying opportunities of the year.
By Mike Sakuraba | 3 weeks ago