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Promising Fitness Stocks To Watch Now - October 11th

Garmin logo with Computer and Technology background

Key Points

  • Garmin, Planet Fitness, and Peloton Interactive are identified as the top fitness stocks to watch, driven by increasing consumer demand for health and wellness products.
  • Garmin specializes in wearable technology and fitness tracking devices, while Planet Fitness operates a vast network of fitness centers globally.
  • Peloton offers a range of interactive fitness products that stream live and on-demand classes, catering to the growing trend of at-home workouts.
  • MarketBeat previews the top five stocks to own by November 1st.

Garmin, Planet Fitness, and Peloton Interactive are the three Fitness stocks to watch today, according to MarketBeat's stock screener tool. Fitness stocks are shares of publicly traded companies whose primary business revolves around health, wellness, and physical activity—this includes makers of exercise equipment, athletic apparel, gym and studio operators, and digital-fitness platforms. Investors buy these stocks to capitalize on growing consumer demand for active-lifestyle products and services, driven by trends in preventive health, at-home workouts, and wearable-tech innovation. These companies had the highest dollar trading volume of any Fitness stocks within the last several days.

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

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

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Should You Invest $1,000 in Garmin Right Now?

Before you consider Garmin, you'll want to hear this.

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

View The Five Stocks Here

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