Trade Alert – December 9, 2025

PTON – Peloton shares have performed poorly since our initial purchase, hitting $6.34 in trading on December 8th. Today we are seeing a bit of a rebound at $6.75. Much has been made of the price increase for the Peloton service by about $6 per month. While this will certainly lead to some amount of subscriber churn, we believe those who love it at $44 will continue to do so at $49.99. Ai powered personal workout guidance will add to the appeal. If this momentum continues, we will reduce our average cost and purchase more shares tomorrow.

NKE – Nike’s share price continues to disappoint, but this is a turnaround story, and those take time. We believe that NKE’s earnings report next week will continue to show meaningful progress on margins and inventory reduction. We will reduce our average cost with a purchase tomorrow.