WW - New Year Resolution Stocks: Can Getting Fitter Be A Winner On The Stock Market? | Benzinga
As another holiday season fades into memory, and we return to our desks — perhaps a little flabbier and a little hungover — will investors think about carrying over their New Year resolutions into their stock portfolios?
Most New Year resolutions involve personal pledges to be healthier — lose weight and cut back on the booze. It’s a time of year when, traditionally, memberships of fitness clubs increase and sales of alcoholic beverages decline following the seasonal blowout.
But can this be translated into the market performances of the stocks involved?
On the first day of trading in 2024, and despite a decline of 0.8% on the S&P 500 index, Planet Fitness (NYSE:PLNT) shares were up 0.7%, while Anheuser-Busch Inbev (NYSE:BUD) fell 0.5%.
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Top Priorities: Losing Weight
In a Forbes Health survey last month, nearly half of those polled said that improving their fitness was a top ...