It's hump day.
Jim Cramer is out this morning, so Jeff Marks, senior portfolio analyst at Action Alerts PLUS, joins TheStreet to break down what investors should know about Peloton's path to going public, Okta's (OKTA) earnings and the market.
How are the Treasury Yields?
Here's a quick check-in.
The 10-year yield on Tuesday fell to its lowest level against the two-year rate since 2007. On Wednesday, the two-year Treasury yield was 1.516%, while the yield on the 10-year was at 1.468%. The 30-year yield hit a new record low of 1.9072% on Wednesday and recently traded at 1.918%.
Real Money Stock of the Day Okta is set to report earnings after the bell Wednesday, Aug. 28.
The stock is up over 118% over the past year.
Peloton's Ready to Go Public
Peloton had confidentially filed its S-1 with the SEC in June.
The company plans to go public on Nasdaq under the ticker PTON.
Peloton posted revenue of $915 million for the fiscal year 2019, representing growth of 110% over the prior year. Its net losses also widened, with Peloton reporting a loss of $245.7 million compared to $47.9 million in fiscal 2018.
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