PTON - 3 Fitness Stocks To Whip Your Portfolio Into Shape in 2020
The United States has high obesity rates, which are in part caused by access to fast food, eating highly processed meals, and sedentary lifestyles. However, some trendsetting companies are combating obesity by providing Americans with quality home fitness equipment, mobile work out classes, cheap gym memberships, and dieting plans.
Adding these three consumer discretionary stocks to your portfolio today could result in healthy returns and stronger finances in 2020.
Peloton (NASDAQ: PTON) shares are up more than 30% since its IPO in September 2019. It's currently trading around $32 and it has upside potential since more people want to have a convenient home workout. It has two main sources of revenue, including selling exercise bikes and treadmills starting at $2,245 each along with its monthly memberships.