" Hindenburg said it has evidence from phone calls, text messages and emails that  reveals many false statements from the company's founder and CEO Trevor Milton.(according to Hindenburg). "Trevor has managed to parlay these false statements made over the course of a decade into a ~$20 billion public company," Hindenburg wrote.

Peloton Interactive  is reportedly gearing up for the launch of a cheaper treadmill and a high-end bike, according to Bloomberg. The exercise equipment /media company’s new treadmill, called Tread, will cost less than $3,000, compared with $4,295 for the existing model, Bloomberg reported.Tread will be smaller in size and have a cheaper belt design like most other treadmills in the market compared with the current model’s slat design, Bloomberg said, citing people familiar with the matter who asked not to be named. The current treadmill will be renamed the “Tread+”, and continue to be sold as a high-end product of the company. A new bike, called Bike+, will likely be more expensive than the existing $2,245 model.

Broadcom   reported third-quarter earnings that surpassed analysts’ expectations.The odds of a continued Downtrend are 60%. Fundamental Analysis (Ratings) Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 56%.

As I write this during the morning session of Friday, September 4, we are seeing some following through selling with all 11 main sectors down—just as they were on Thursday. Looking at Tickeron’s Scorecard for the 11 Select Sector SPDR ETFs, there are only three sectors that are considered buys at this point.The one that jumped out at me was the Technology Select Sector SPDR (XLK) which has been hit the hardest over the last two days.

Alongwith several investors probably trying to take the profits, another factor behind Friday’s decline was Friday the two-day dive by the entire technology sector. Also, on Wednesday, investment firm Baillie Gifford, the largest institutional investor in Tesla,  announced it had reduced its stake to below 5% in line with its portfolio guidelines.According to a Securities and Exchange Commission filing, the U.K.-based investment  group now owns less than 5% of Tesla, down from 6.32% (according to data from FactSet). Tickeron's analysis showed that  TSLA in -14.33% Downtrend, sliding for three consecutive days on September 03, 2020 As a Bearish sign, keep an eye on this company's ticker for future decline.

The Invesco Solar ETF (TAN) has gained 26.2% in the past month while the price of West Texas Crude is only up 5.8%. This separation in the performances of the solar stocks and oil prices came to my attention when I was looking at the Group Trends on Tickeron’s Screener.The solar theme has 13 stocks in it and that is a more concentrated group than the Invesco Solar ETF, thus the big discrepancy in the gains. The overall gain has been influenced greatly by a huge gain in VivoPower International (VVPR).

On Thursday, General Motors   and Honda  inked  a non-binding memorandum toward building a North American automotive alliance. The two automakers plan to collaborate on various segments in North America, and to share common vehicle platforms, including both electrified and internal combustion propulsion systems. According to the companies, discussions on plans will start immediately, with engineering work beginning in early 2021. The partnership between GM and Honda is a major expansion of existing collaborations between the two companies on autonomous vehicles, connected vehicle technology and fuel cells.GM’s [@Motor Vehicles] market capitalization is $44.3B.

The company had its IPO last month. The parent company of mortgage-lending giant Quicken Loans reported earnings of $3.5 billion (compared to a loss of -$54 million in the year-ago period).Adjusted earnings before interest, taxes, depreciation and amortization were $3.8 billion. Quarterly revenue came in at $5 billion. The company’s closed origination volume in the quarter was a record $72.3 billion, a +126% surge year-over-year. Rocket posted net-rate lock volume of $92 billion, up +170% from the year ago period.

On Tuesday, RBC revealed its expectation that Netflix  subscribers  could reach 500 million by 2030 from the current 193 million . RBC analyst Mark Mahaney raised his price target on the streaming giant’s shares by 15% to $610 a share.The odds of a continued Downtrend are 65%. The Aroon Indicator entered a Downtrend today.

Zoom Video Communications posted its fiscal second quarter results that crushed analysts’ estimates. The video conferencing tech company’s non-GAAP earnings came in at 92 cents per share, well above consensus of 45 cents.  Sales surged  +355% year-over-year  to $663.5 million, exceeding  analyst consensus of $500 million. For the current quarter, Zoom projects total revenue to be within a range of $685 to $690 million.It expects  non-GAAP income of 73 or 74 cents.  Looking farther ahead, Zoom raised its full-fiscal year sales guidance to between $2.37 billion and $2.39 billion (reflecting an expected year-over-year increase of 281% to 284%), versus prior guidance of $1.775 and $1.8 billion.

On Tuesday, Tesla  announced plans to sell up to $5 billion worth of its stock in an "at-the-market" offering program. In a Securities and Exchange Commission filing, the electric carmaker stated that it has entered into a “equity distribution agreement” to sell up to 10 million shares, or about 1.1% of its total shares outstanding. Tesla’s move apparently seeks to take advantage of its recent stock price climb and split.In 34 of 44 cases where TSLA's MACD histogram became positive, the price rose further within the following month.

Amgen (AMGN), Honeywell (HON), and Salesforce.com will be added to the index. The changes mark the first time since September 2013 that multiple companies have been dropped and added at the same time.Honeywell for Raytheon makes sense since both are industrial companies with ties to the defense industry. The one that doesn’t make much sense is swapping out Exxon Mobil and replacing it with Salesforce.com.

Berkshire Hathaway (NYSE:BRK.A) has filed its final 13f report for 2018 detailing its stock investments and, as usual, people are poring over it like Cold War Kremlinologists … the headlines, however, screamed about Buffett selling out of Apple (NASDAQ:AAPL) stock. READ MORE...

The world today looks most analogous to the late 1930s, Ray Dalio, the founder of Bridgewater Associates, told my Bloomberg Opinion colleague Barry Ritholtz on Monday.That’s a bit foreboding, to say the least. READ MORE...

Two years after the U.S. Federal Trade Commission sued Qualcomm Inc., unleashing a series of existential challenges to the company’s business model, the chipmaker is about to get its chance to square the record. Lawyers for the regulatory agency and the company are set to begin presenting arguments on Jan. 4 in a 10-day non-jury trial over claims that Qualcomm is abusing its strength in the market for smartphone components to force Apple Inc. and others to pay inflated license fees.READ MORE...

Shares of PG&E Corp. PCG 11.18%, the embattled California utility, have shed a stunning 70 percent of their value this year as the company is considering bankruptcy amid facing $30 billion in liabilities from the 2017 and 2018 California wildfires. READ MORE...

Does this mean investors should be adding exposure to the small-cap group?These two pros debate. READ MORE...

Choosing how and when to take your Social Security benefits is one of the most important financial decisions you will ever make. Social Security benefits have many nuances, though, and the choices you make can radically alter the benefits you ultimately receive. READ MORE...

As auto makers roll out ever more sophisticated features to make your daily commute easier, the upgrades are also making your new car more vulnerable to cyberattacks, according to a new report. READ MORE...

Bloomberg Opinion) -- It can be tough to keep track of all the industries in which Amazon.com Inc. wants to spread its tentacles.There are groceries and health care and business computing and banking and entertainment and advertising and gadgets for the home and — oh, shopping.  READ MORE...