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Best Fitness Stocks To Research - October 8th

Peloton Interactive logo with Consumer Discretionary background

Key Points

  • Peloton Interactive, Garmin, and Planet Fitness are highlighted as the top fitness stocks to watch, reflecting increased consumer spending on health and fitness.
  • Peloton Interactive operates a popular interactive fitness platform and is moving toward profitability, raising questions about the sustainability of its turnaround.
  • Garmin offers a range of fitness devices and platforms, including smartwatches and fitness-tracking applications, bolstering its position in the market.
  • MarketBeat previews the top five stocks to own by November 1st.

Peloton Interactive, Garmin, and Planet Fitness are the three Fitness stocks to watch today, according to MarketBeat's stock screener tool. Fitness stocks are shares of companies operating in the fitness and wellness sector—this includes gym chains, exercise-equipment manufacturers, fitness-apparel brands and digital workout platforms. Investors buy fitness stocks to tap into growing consumer spending on health, exercise and preventive wellness. As a thematic investment, these stocks offer growth potential tied to long-term lifestyle trends but can be sensitive to economic cycles and discretionary spending. These companies had the highest dollar trading volume of any Fitness stocks within the last several days.

Peloton Interactive (PTON)

Peloton Interactive, Inc. operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.

Read Our Latest Research Report on PTON

Garmin (GRMN)

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.

Read Our Latest Research Report on GRMN

Planet Fitness (PLNT)

Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.

Read Our Latest Research Report on PLNT

Read More

Should You Invest $1,000 in Peloton Interactive Right Now?

Before you consider Peloton Interactive, you'll want to hear this.

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While Peloton Interactive currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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