Bitcoin, Coinbase, Peloton, Kohl’s: What to Watch in the Stock Market Today

Wall Street stock indices fell in morning trading as investors prepared for a meeting of Federal Reserve policy makers and earnings from big technology companies.

  • Cryptocurrencies were broadly lower, with bitcoin down 8.3% from its Friday 5 pm ET level, and crypto stocks were dropping along with them, including crypto exchange Coinbase and bitcoin miners Riot Blockchain and Marathon Digital.
  • An activist investor wants Peloton Interactive to fire its chief executive and explore a sale after its stock plummeted more than 80% from its high, as growth slowed.
  • Oil-field-services company Halliburton swung to a profit in the fourth quarter as revenue grew in North America and internationally.
  • In a letter, Engine Capital urged Kohl̵[ads1]7;s to run a sale process following Starboard Value’s bid, as activists remain unsatisfied with the pace of the department-store chain’s turnaround.

A Kohl’s Corp. department store in Lexington, Ky., Aug. 11, 2021.


Luke Sharrett / Bloomberg News

  • RBC Capital lifted its rating on Comcast shares to “outperform” and gave the stock a price target of $ 60. It closed on Friday at $ 49.73.
  • Activist hedge fund Trian Fund Management bought a stake in packaged-food and consumer-goods company Unilever in the wake of its failed bid for part of GlaxoSmithKline.
  • Reuters reported that UK telecom Vodafone Group is in talks with Iliad to combine their units in Italy.
  • IBM,

    Crane and Brown & Brown are among the companies reporting earnings after Monday’s close.

Chart of the Day
  • The financial industry has spotted an opportunity to make money by helping people feel good about themselves. But these investments do not do much to make the world a better place, writes James Mackintosh in the first in a series of Streetwise columns about funds guided by environmental, social and governance principles, known as ESG.

Write to James Willhite at

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