Stocks trending on Yahoo Finance: Peloton, Alibaba, Spirit Airlines

Yahoo Finance's Jared Blikre reports on a choppy stock market today.

Video Transcript

KARINA MITCHELL: OK, with more on what's moving markets on this busy day, let's bring in our Jared Blikre. And, Jared, like I said, it's nice to have a little bit of quiet today, less volatility, at least at the moment.

JARED BLIKRE: Yes, and even faced with these small losses right here, I think investors would take that over then the gut-- over the gut-wrenching losses that we had one week ago. Also noting the Russell 2000, that is in the green for 1/3 of a percent.

Just taking a quick look at the sector action. As you said, Karina, energy the biggest outperformer, up over 1%. We'll take a look at crude oil in depth at the oil-market close at 2:30.

Also communication services, that is the biggest laggard to the downside, and guess what? That is a Facebook and Alphabet story, and neither is doing quite well today. Facebook continuing its downward trend after that huge loss last week where it lost $251 billion in one day. That's a quarter of a trillion dollars. Alphabet down 2% as well.

Some other standouts here. Not a lot of dark green to look at. Align Tech, that's up over 2 and 1/2%. Booking.com over 2%.

So let's take a look at the travel space, and we're seeing a lot of green here. Carnival Cruise Lines, that is up 6%. Norwegian up 7%. Royal Caribbean up 7 and 1/2%. And the airlines-- Delta is up 2%. Southwest up about 1%.

Let's take a look at some of the tech sector, which is flagging today largely but not in the semiconductors. We'll take a look at some of the other names in a bit. AMD up 1%. Applied Materials up 1%. Nvidia up 2%.

Now in the software space, we were talking with an analyst earlier, likes cybersecurity. We are seeing Snowflake. That stock is-- that stock is up 8%. Datadog, that is up 2%.

And I think we've got to get to Peloton. We're going to be talking a lot about this stock today, as we have, but got to chart some of the price action because you take a look at what it's done over the last two years, and it is right back to break even. Up only 1 and 1/2% during that time. Had been up many multiples of that, but it's been a slow and "deady"-- slow and steady downward slog for the fitness-device maker.

And it's almost difficult to see what the price action is today. It's up 15% but really not a lot in the big picture.

I do have a little bit of analyst commentary. Just want to check this out. Cowen rates the stock an outperform with a price target of $40-- you can see that's about $12 above the current price-- saying any deal is unlikely given the company's dual-class share structure. That has to do with voting control. Also concerns about long-term growth potential and vision. Basically saying it's a poor fit with reported potential acquirees.

So we'll have to see. Is it going to be Amazon? Probably not. We had Dan Ives from Wedbush Securities on earlier today. He was saying it could be an Apple buy. So I guess they're in the lookings. We'll have to see, guys. Peloton, it's been one of the dogs of last year.

ALEXIS CHRISTOFOROUS: Yeah, and Apple has not made a real sizable buyout since buying up Beats a few years back.

JARED BLIKRE: Good point.

ALEXIS CHRISTOFOROUS: So we'll see how it plays out. All right, Jared Blikre, thanks so much.