The big trend defining markets right now as long-end interest rates crawl ever higher is the bias toward the value side of the market over the growth side.
Another way to state this same dynamic is this: a bias toward stocks that will show a jump in cash flows as society reopens upon our approach to a vaccine-induced state of Covid-19 herd immunity.
One of the most important areas in that constellation of concepts is the physical fitness space.
And one of the most important reasons to love this space at this point isnât simply that people will be returning to normal consumer behavior in the year ahead (versus the year behind), but because we have seen enormous consolidation in the space over the past year due to financial stress.
California will lift capacity and distancing requirements on June 15 cnn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnn.com Daily Mail and Mail on Sunday newspapers.
Research and Markets: Global Gyms, Health and Fitness Clubs Industry Guide 2016-2025, 2021 Edition with Focus on G8 Countries - ResearchAndMarkets.com
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The G8 Gyms, Health Fitness Clubs industry profile provides top-line qualitative and quantitative summary information including: Market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Market.
Key Highlights
The G8 countries contributed $46.3 billion in 2020 to the global gyms, health fitness clubs industry, with a compound annual growth rate (CAGR) of 0.5% between 2016 and 2020. The G8 countries are expected to reach a value of $52.6 billion in 2025, with a CAGR of 2.6% over the 2020-25 period.
Here’s Why Wasatch Global Investors Sold its Planet Fitness Inc. (PLNT) Position
Wasatch Global Investors, an investment management firm, published its “Wasatch Core Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 5.59% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell 2000 Index, that increased 12.70% and the Russell 2000 Growth Index that rose 4.88% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Global Investors, in its Q1 2021 investor letter, mentioned Planet Fitness, Inc. (NYSE: PLNT), and shared their insights on the company. Planet Fitness, Inc. is a Hampton, New Hampshire-based fitness company that currently has a $6.6 billion market capitalization. Since the beginning of the year, PLNT delivered a -0.63% return, while its 12-month gains are up by 32.77%. As of May 07, 2021, the stock closed at $77.14 per share.
Expedia, Roku rise; Beyond Meat, Planet Fitness fall Follow Us
Question of the Day
NEW YORK (AP) - Stocks that traded heavily or had substantial price changes Friday:
Cigna Corp., up $4.25 to $261.18.
The health insurer beat Wall Street’s first-quarter profit and revenue forecasts.
TOP STORIES
The online travel company’s first-quarter loss wasn’t as severe as analysts expected.
Monster Beverage Corp., down $3.77 to $91.25.
The energy drink maker’s first-quarter profit fell short of analysts’ forecasts.
Microchip Technology Inc., up $3.24 to $149.75.
The chipmaker gave investors a solid revenue forecast after reporting strong first-quarter financial results.
Beyond Meat Inc., down $8.32 to $110.73.