JUMP REPORT
| Avg Daily Volume: 7,681,763 Market Cap: 8.07B Sector: None Short Interest: 56.02 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: – .17/share REV: 486.6/M
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LAST QTR: EPS: -.35/share ACTUAL: -.02/share (BEAT)
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NEXT QTR: EPS: -.20/share REV: 380.3/M
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FULL YR: EPS: -1.03/share REV: 1,560/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: XX% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -11.56, -9.58, XX
EXPECTED JUMP MOVE: 10-12%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Growth stocks are shares in companies that grow their revenue and earnings faster than the market average. Let’s find out more about why these two growth stocks are ones to buy now. With share prices up 328% in the trailing 12 months, Peloton stock has soared amid a surge in at-home workout activity for much of 2020.
The stay-at-home stocks quickly came back into favor on news of a setback with Johnson & Johnson’s single-dose COVID-19 vaccine.
A setback for a major coronavirus vaccine maker is driving investors to seek shelter in stocks that have held up well during the pandemic.
Tempo, which launched its first home “studio” in February 2020, on Tuesday announced its $220 million Series C led by SoftBank Vision Fund with participation from new investor Steadfast Venture Capital, and returning investors DCM, General Catalyst, Norwest Venture Partners, and Bling Capital. T
(Bloomberg) — SoftBank Group Corp.’s Vision Fund 2 led a $220 million funding round for Tempo Interactive Inc., maker of an artificial intelligence-powered home gym system, betting that the Covid-19 pandemic has permanently changed the appeal of domestic exercise.Tempo’s proposition is built around a $2,495 exercise studio that includes a 42-inch touchscreen display, 3D sensors to detect the user’s movements and stereo speakers for coaching encouragements and guidance. Its $39-per-month membership to access live training classes requires a minimum of a year’s commitment.“We’ve had zero subscription cancellations and grown sales 10 times in the past year which is a validation of our product — a personal trainer in the home for the whole family,” founder and Chief Executive Officer Moawia Eldeeb said in an interview. The fresh capital will be invested in enhancing Tempo’s AI and motion-tracking technology used to provide real-time feedback.Steadfast Capital, General Catalyst, Norwest Venture Partners, DCM and Bling Capital also participated in the latest round. Tempo’s valuation has more than tripled from the $250 million the San Francisco-based company was ascribed when it last raised capital in 2020, though Eldeeb declined to provide a specific figure.The company plans to have its product available for testing at various Best Buy Co. and B8ta stores this year. It has expanded its range of hardware with a new kettlebell set and a folding squat rack, with its full equipment suite costing $3,995. Eldeeb stressed the goal of delivering a product at a more affordable price point “as fast as possible” without compromising key features.Read more: Whoop Valued at $1.2 Billion With IVP, SoftBank, Manning BackingAt-home fitness will continue to exist alongside other in-person and social workouts post-pandemic, SoftBank Vision Fund managing partner Jeffrey Housenbold said. Citing a recent Consumer Trends survey in the U.S. that found 81% of people under 40 and 66% overall preferred to exercise at home, he added that SoftBank’s own research found roughly 60% of people are keen to engage in weight training.“SoftBank has strong relationships in Asia and we’re helping Moawia with approaches to lower the cost of manufacturing and exploring strategic ways to bring Tempo to the masses at a lower price point,” Housenbold said. Though he’s leaving the investment behemoth in the coming months, Housenbold said he’ll remain a board member of certain portfolio companies — including Tempo — as well as an adviser to SoftBank founder Masayoshi Son.Tempo’s funding round comes amid a continued surge of investment in at-home fitness companies. Wall-mounted workout station maker Tonal was recently valued at $1.6 billion; Goldman Sachs Group Inc.’s merchant banking arm backed Echelon Fitness and KKR & Co. invested in virtual-cycling specialist Zwift.Housenbold, who twice passed on investing in category leader Peloton Interactive Inc., said that venture capital presents plenty of opportunities and “if you were wrong yesterday, you can be right tomorrow.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
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