Could PTON be a merger target?

Here’s what I think… ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Good Morning! Peloton Interactive, Inc. (NASDAQ: PTON) announced a partnership with TikTok yesterday… And while it might sound like just another fluffy press release by an almost penny stock company — I think it could have legs… Maybe not the news, but the company in general. It has some things going for it. And it might offer a strategy you want to try… Here’s my take on why I think PTON would make a great merger target, how you could trade it if it was, and what I think about a potential play right now… Stay on top of the hottest plays in the market in our free training sessions — [the next one starts here](. Sponsored WHAT?!!? There’s no time to waste. Click below to see what I revealed live on camera in this interview. Could PTON Be a Merger Target? I've never liked this strategy personally, but it doesn’t mean it’s not valid… There are a million ways to trade in the market, and this is one of them… In my morning webinar yesterday I explained it to members … the idea behind a takeover arbitrage. It involves buying shares of two companies that are set to merge. Now, PTON doesn’t have merger news yet … But I’m getting to why I think it’d be a good target… In my opinion, PTON is the number one takeover arbitrage stock of 2024. The company is run terribly — it might be run by the dumbest people in business. But they have an amazing product. To compare PTON to a real estate deal — it’s like the most terrible, run-down fixer-upper in the hottest, best neighborhood in the country. Those deals don’t come around very often, so you have to [be patient]( But think about if Apple Inc. (NASDAQ: AAPL), Alphabet Inc. (NASDAQ: GOOGL), or Meta Platforms, Inc. (NASDAQ: META) bought the company… And integrated workouts with Apple watch, phones, social media, or even Meta’s VR headsets. These big companies have a ton of cash — buying PTON would be like $20 to you and me. And it might not be that far off… Right now I’m speculating ... But I do have a Peloton bike and I love it. But we have to wait for some merger news for that play. Until then, here's what I think about a PTON trade after [the TikTok news]( The stock rejected right around the [Oracle resistance level]( of $6.32… There’s also [resistance on the daily chart]( around $6.50 to $6.60. So I would wait to enter this stock on a multi-month [breakout]( over those levels. From there it could retest the recent highs around $10. PTON chart: 6-month, daily candle — courtesy of [StocksToTrade.com]( It’s a beaten-down chart so it has the potential to run if volume keeps up and shorts get squeezed. But don’t forget about all the low-float squeezers we’re seeing right now. Stay on top of all the hot plays, the pattern to trade them, and the crucial tools every trader needs — it’s all covered in our free training sessions. [Sign up for the next one here](. Have a great day everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade Sponsored   Great Trade Ideas. No Hassle. For $0 you can get access to one daily stock picked directly from StocksToTrade’s algo-powered system. Recently, this algo-system alerted Omega Therapeutics, Inc. (NASDAQ: OMGA) which gained 20% from our price alert. Not bad for a free alert! [Sign up & get the next 🔥alert sent directly to your phone](   Sponsored ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. 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