US94419L1017 - Common Stock
The company will likely book $102 million to $111 million in charges made up of employee-related costs and non-cash charges
The S&P 500 is ending the year up about 24% after it fell last week on the Federal Reserve's most recent interest rate decisions. Roku (NASDAQ: ROKU), Wayfair (NYSE: W), and Peloton Interactive (NASDAQ: PTON) are three beaten-down stocks that could pull off a rebound. Roku stock has been a disaster for the past few years, and even though it's up nearly 50% over the past six months, it's still 83% off its all-time highs.
The Federal Reserve is set to meet in the middle of December, and it has signaled a desire to cut interest rates further at that time. When it cut rates in September, the stock market had an extremely positive reaction, and another cut could activate more market enthusiasm. Mortgage rates began to go down when interest rates were cut, but they're going back up.
The retailer is trying to be everything for everyone. That's a pretty tall order. Is Target up for the task?
This leader in home goods and furniture e-commerce is down but not out.
Wayfair will benefit from an improved housing market.
Rising interest rates weighed on the stock last month.