In this episode of MarketFoolery, Chris Hill chats with Motley Fool analyst Emily Flippen about the latest headlines and earning reports from Wall Street. They talk about why a particular group of shareholders are having a rough day, a stay-at-home stock hits all-time high, they've got some news to share from the fitness industry and much more.

It might be like cold water in the face to think that earnings don't matter. But these stocks have detached themselves from all metrics.

Considering the value of any business is the present value of all future cash flows, Peloton Interactive (NASDAQ: PTON) still looks like a bargain tech stock. The company also boasts extremely high Net Promoter Scores (NPS), a measure of how willing users are to recommend a product to their friends. NPS is measured on a scale of -100 to 100, where a score above 0 is considered good, above 50 excellent, and above 70 world class.

The stock market has been resilient during a tumultuous 2020 (the S&P 500 is up about 7% since January), but as many people have personally experienced this year, that performance doesn’t tell the whole story of the U.S. economy. One-third of Americans say they dipped into their savings or retirement stash in order to pay bills in August, according to the Pew Research Center. The rise in trades on zero-commission trading platform, Robinhood, is illustrative of the disconnect between the economy and the stock market.

This morning an outfit called Icon Health & Fitness sued Peloton , one of the hottest of the hot companies in this entire market. You may not know Icon, but I am sure you know NordicTrack and until Peloton came along, it was pretty much the state-of-the-art for the home gym. The patent they are suing on is a little abstruse, but you had to figure that Icon would be able to dent Peloton’s stock.