S&P 500   4,471.37 (+0.75%)
DOW   35,294.76 (+1.09%)
QQQ   368.94 (+0.63%)
AAPL   144.84 (+0.75%)
MSFT   304.21 (+0.48%)
FB   324.76 (-1.15%)
GOOGL   2,827.36 (+0.15%)
TSLA   843.03 (+3.02%)
AMZN   3,409.02 (+3.31%)
NVDA   218.62 (+0.53%)
BABA   168.00 (+0.73%)
NIO   37.71 (+3.94%)
CGC   13.35 (-2.55%)
GE   104.41 (+1.63%)
MU   67.68 (-0.18%)
AMD   112.12 (+0.12%)
T   25.70 (+0.31%)
F   15.70 (+1.62%)
ACB   7.03 (-3.17%)
DIS   176.46 (+1.18%)
PFE   41.49 (-0.43%)
BA   217.04 (-0.18%)
AMC   40.74 (+1.67%)
S&P 500   4,471.37 (+0.75%)
DOW   35,294.76 (+1.09%)
QQQ   368.94 (+0.63%)
AAPL   144.84 (+0.75%)
MSFT   304.21 (+0.48%)
FB   324.76 (-1.15%)
GOOGL   2,827.36 (+0.15%)
TSLA   843.03 (+3.02%)
AMZN   3,409.02 (+3.31%)
NVDA   218.62 (+0.53%)
BABA   168.00 (+0.73%)
NIO   37.71 (+3.94%)
CGC   13.35 (-2.55%)
GE   104.41 (+1.63%)
MU   67.68 (-0.18%)
AMD   112.12 (+0.12%)
T   25.70 (+0.31%)
F   15.70 (+1.62%)
ACB   7.03 (-3.17%)
DIS   176.46 (+1.18%)
PFE   41.49 (-0.43%)
BA   217.04 (-0.18%)
AMC   40.74 (+1.67%)
S&P 500   4,471.37 (+0.75%)
DOW   35,294.76 (+1.09%)
QQQ   368.94 (+0.63%)
AAPL   144.84 (+0.75%)
MSFT   304.21 (+0.48%)
FB   324.76 (-1.15%)
GOOGL   2,827.36 (+0.15%)
TSLA   843.03 (+3.02%)
AMZN   3,409.02 (+3.31%)
NVDA   218.62 (+0.53%)
BABA   168.00 (+0.73%)
NIO   37.71 (+3.94%)
CGC   13.35 (-2.55%)
GE   104.41 (+1.63%)
MU   67.68 (-0.18%)
AMD   112.12 (+0.12%)
T   25.70 (+0.31%)
F   15.70 (+1.62%)
ACB   7.03 (-3.17%)
DIS   176.46 (+1.18%)
PFE   41.49 (-0.43%)
BA   217.04 (-0.18%)
AMC   40.74 (+1.67%)
S&P 500   4,471.37 (+0.75%)
DOW   35,294.76 (+1.09%)
QQQ   368.94 (+0.63%)
AAPL   144.84 (+0.75%)
MSFT   304.21 (+0.48%)
FB   324.76 (-1.15%)
GOOGL   2,827.36 (+0.15%)
TSLA   843.03 (+3.02%)
AMZN   3,409.02 (+3.31%)
NVDA   218.62 (+0.53%)
BABA   168.00 (+0.73%)
NIO   37.71 (+3.94%)
CGC   13.35 (-2.55%)
GE   104.41 (+1.63%)
MU   67.68 (-0.18%)
AMD   112.12 (+0.12%)
T   25.70 (+0.31%)
F   15.70 (+1.62%)
ACB   7.03 (-3.17%)
DIS   176.46 (+1.18%)
PFE   41.49 (-0.43%)
BA   217.04 (-0.18%)
AMC   40.74 (+1.67%)

7 Stocks to Support Your New Year’s Resolutions

Posted on Friday, January 8th, 2021 by MarketBeat Staff
7 Stocks to Support Your New Year’s ResolutionsAfter a year like 2020, many Americans figure that just getting to 2021 was enough. But for many people, the start of a new year still means making resolutions. And while many Americans are still waking up to Groundhog’s Day, there is hope that things will look dramatically different in September than they do right now.

Some of the most popular resolutions include losing weight, exercising more, or taking steps to get our life and/or business more organized. And many pure-play companies lean into these trends and are doing well.

As an alternative to this, you can also invest in companies that are not pure plays but can still benefit from consumers looking to start fresh. Owning these stocks helps you manage your risk. If the trend holds, you can ride the wave. On the other hand, if the wave turns into a ripple, the stocks have other catalysts to get them through.

In this special presentation, we’ll take a look at both of these categories. We’ve got several pure-play companies that let investors buy stocks in companies benefiting from these trends. We’ll also give you a few stocks that fall in the latter category.

These are stocks that you might buy at any time and for many reasons. However, they present excellent buys as the new year begins.

#1 - Peloton (NASDAQ:PTON)

Peloton Interactive logo

Peloton (NASDAQ:PTON) began trading publicly in September 2019. At that time, the maker of connected fitness products was best known for a holiday ad that sparked a controversy that seems silly today for many reasons. But there has been perhaps no company that benefited more directly from the Covid-19 pandemic than Peloton.

With fitness centers and gyms closed, consumers were looking for a way to maintain their fitness routines. And Peloton’s line of bikes, treadmills, and ellipticals was able to provide consumers with an entertaining, convenient, effective, and most importantly … an at home experience.

As it turns out, many consumers are enjoying their experience which benefits Peloton since the company generates significant revenue from monthly subscriptions associate with its equipment. In fact, in the most recent quarter that the company reported earnings, it reported 1.33 million total connected fitness subscriptions which was more than double from the same quarter the year prior. That’s the kind of thing that gets investors excited.

Another thing that investors love is market share growth. Peloton is seeking to do this through a planned acquisition of Precor. The company announced in December that is was buying its competitor in a deal valued at $420 million.

About Peloton Interactive
Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.Read More 

Current Price: $85.11
Consensus Rating: Buy
Ratings Breakdown: 25 Buy Ratings, 5 Hold Ratings, 2 Sell Ratings.
Consensus Price Target: $132.42 (55.6% Upside)


#2 - Lululemon (NASDAQ:LULU)

Lululemon Athletica logo

Another pure play for fitness and weight loss resolutions is Lululemon (NASDAQ:LULU). Lululemon shares similar qualities to Peloton. It has a dedicated, passionate consumer base. And with its acquisition of Mirror, the company now has an at-home fitness component to add to its established brand of athleisure – a category the company has essentially invented.

Deutsche Bank analyst Paul Trussell recently reiterated his Buy rating for LULU stock. Trussell also stuck by his $402 price target, which would represent a gain of nearly 10% from the stock’s current level. And right now, Lululemon may be even more attractive because the stock has dipped slightly in the last month. Perhaps investors were expecting lighter holiday sales.

There is some concern that LULU stock is overvalued or “priced for perfection.” Those that argue that point would say that any hiccup in the home fitness trend would be a negative for the company. There are two counter arguments. First, is the consideration that home fitness is not just a bubble. And the second is that athleisure wear is now mainstream.

Investors will get a better feel when the company reports earnings the week of January 11.

About Lululemon Athletica
lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.Read More 

Current Price: $403.51
Consensus Rating: Buy
Ratings Breakdown: 19 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $451.17 (11.8% Upside)


#3 - Apple (NASDAQ:AAPL)

Apple logo

Moving away from the pure play fitness stocks, I’ll offer up Apple (NASDAQ:AAPL) for your consideration. Yes, the company is still best known for its iconic iPhone. And the recent release of the iPhone 12 should be reason enough to give the stock consideration. However as a play on fitness resolutions, Apple merits consideration.

In the last year, Apple has been seeing growth in its wearables sector. And that sector includes its Apple Watch which has become a category leader over competitors like Fitbit (NYSE:FIT). The attraction of the Apple watch is that the user doesn’t have to be wearing the device to track their workout. Apple also has multiple versions of its Apple Watch that makes it accessible for consumers of different income brackets.

Apple recently split its stock which makes AAPL stock attractively priced. The bottom line is you can buy AAPL stock to support the Apple Watch you receive as a holiday gift and benefit from owning the stock even if your fitness goals fall a little short.

About Apple
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.Read More 

Current Price: $144.84
Consensus Rating: Buy
Ratings Breakdown: 24 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $165.13 (14.0% Upside)


#4 - Dick’s Sporting Goods (NYSE:DKS)

DICK

The last “fitness” stock I’ll ask you to consider is Dick’s Sporting Goods (NYSE:DKS). Dick’s was a pandemic winner for multiple reasons. The company was able to capitalize on the trend towards athleisure wear. The company has a private label brand, CALIA, which is now the company’s second-largest women’s brand in the company.

The company also benefited from the desire of individuals to go outside. Whether that was running shoes or golf clubs, Dick’s was able to provide several different avenues to draw consumers to its store or to its website. And make no mistake about it; being able to build its digital brand is a key to the company’s 2020 success. And it also sets the table for the company going forward.

Dick’s is also a company that is appealing for investors who look to invest according to their values. The company took a controversial stance when it banned gun sales at all of its locations. This did have an effect on its business but that has appeared to subside as Dick’s has substituted firearms for higher margin products that is helping the company become a four-season sporting goods store.

If you’re a fan of momentum investing, DKS stock is up nearly 13% in the last month.

About DICK'S Sporting Goods
Dick's Sporting Goods, Inc engages in the retail of extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

Current Price: $119.74
Consensus Rating: Buy
Ratings Breakdown: 11 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $124.79 (4.2% Upside)


#5 - Home Depot (NYSE:HD)

The Home Depot logo

The best reason I can give you to invest in Home Depot (NYSE:HD) is that the company didn’t need the pandemic to have a solid year in 2020. However the pandemic helped. Home Depot leans into the category of resolutions to have a more organized home.

We’ve all been spending a lot of time in our homes. And believe it or not, there may still be a need to cut the clutter. And many homeowners are realizing that they want to make better use of the space they have. After all, an open floor plan is great for entertaining. It’s not as desirable when you’re looking for the privacy of a home office or classroom.

Home Depot became a strong omnichannel story in 2019 and that carried right through in 2020. The company is not immune from competition. Lowe’s (NYSE:LOW) has upped its digital game. However both LOW stock and HD stock have been essentially mirror image performers which suggests there’s plenty of room for both competitors.  But the one advantage a company like Home Depot has is that it has many items that consumers can’t get from Amazon (NASDAQ:AMZN).

About The Home Depot
The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.Read More 

Current Price: $350.41
Consensus Rating: Buy
Ratings Breakdown: 14 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $340.75 (2.8% Downside)


#6 - The Container Store (NYSE:TCS)

The Container Store Group logo

If you’re looking for a stock that looks more like a short-term pure play on home organization, I offer you The Container Store (NYSE:TCS). This is a stock that was a late bloomer in terms of pandemic winners. The show got a fourth quarter boost when Netflix (NASDAQ:NFLX) began streaming episodes of “Get Organized With the Home Edit.” On “Dumb Money Live” in September, co-host Jordan McClain labeled the show “a giant infomercial for The Container Store” and investors have rewarded the stock accordingly.

TCS stock is up 195% in the last four months and 16% in the last month. With many Americans expected to be staying indoors throughout the winter months, it would seem the company will continue to have catalysts for the next couple of quarters.

The Container Store needed the shot in the arm as the company had to shut many of its brick-and-mortar stores due to the pandemic. However in the last quarter, the company did post year-over-year increases in profits and revenue.

About The Container Store Group
The Container Store Group, Inc is a holding company, which engages in the retail of storage and organization products and solutions. It operates through The Container Store and Elfa segments. The Container Store segment consists of retail stores, website and call center, as well as installation and organizational services business.Read More 

Current Price: $10.12
Consensus Rating: Hold
Ratings Breakdown: 0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $10.00 (1.2% Downside)


#7 - Shopify (NYSE:SHOP)

Shopify logo

Some people make resolutions for themselves or their homes. But what about their businesses? And particularly what if your resolution is to start or grow your business? That’s the case that I’ll make for Shopify (NYSE:SHOP).

Small business owners that are looking to have an online presence are turning to Shopify because it is a “one-stop shop” for building an online store, processing payments, and integrating inventory and shipments.

So not only can Shopify help a business get off the ground, it can help the business stay organized and in control.

SHOP stock is looking a little expensive and analysts have a consensus rating of “Hold” with a consensus price target that suggests the price may have a downside of over 10%.

However, the company is reviewed by over 30 analysts and has a wide range of price targets. And the stock is up about 6% in the last month suggesting that it has some momentum.

About Shopify
Shopify, Inc operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops. The firm's platform provides merchants with a single view of business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analytics and reporting.Read More 

Current Price: $1,424.58
Consensus Rating: Buy
Ratings Breakdown: 19 Buy Ratings, 11 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $1,646.41 (15.6% Upside)

 

No matter what the year 2020 brought to you, the best thing about a new year is the opportunity to have a fresh start. If you’re an investor, you may be looking at the market and wondering if and when the party is going to end. And the reality is that anybody that tells you that they know is lying.

But one way you can prepare your portfolio for whatever comes next is not to fight the trend. Or, in the case of new year’s resolutions, don’t fight consumer behavior. While this may not be a sure-fire way to select stocks, it is a great way to find stocks that are likely to be seeing their shares increase, if only on a short-term basis.

Investing in momentum stocks is different from buying “widow and orphan” stocks. And some of the stocks in this presentation contain more risks than others.

7 Virtual Reality Stocks That Can Deliver Very Real Profits

Are you ready for the metaverse? Yeah, I’m not either. But many people are enjoying living their life in a virtual world. However, virtual reality and augmented reality goes beyond the world of video games. The applications for this technology include remote assistance, training, and education.

And like e-commerce, this was a sector that experienced significant growth during the Covid-19 pandemic. Necessity frequently inspires new ways of thinking and so it is that millions of Americans had to figure out how to do things remotely.

But what you want to know as a prospective investor is whether there’s more growth in store. Fortune Business Insights reports that the global market for VR gaming will reach $45.2 billion by 2027. That’s up from $5.1 billion in 2019 and $17 billion in 2020. That comes out to a compound annual growth rate (CAGR) of 31.8%. That should get your attention. It’s certainly drawn the attention of many of the tech giants. Many of the FAANG stocks are investing in this market with the expectation of massive future growth.

If you’re looking to invest in this growing sector, we’ve put together this special presentation that highlights seven virtual reality stocks that, while they dabble in the virtual world can deliver real profits for your portfolio.

View the "7 Virtual Reality Stocks That Can Deliver Very Real Profits" Here.





Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.