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Fitness Stocks Round Out the "Reopening" Portfolio (PLNT, BTDG, NLS, PTON)


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 isn’t 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. ....

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PTON Shares Up 5% After Hours, Peloton Releases Q3 2021 Earnings with 141% Sales Growth


PTON Shares Up 5% After Hours, Peloton Releases Q3 2021 Earnings with 141% Sales Growth
8 hours ago by Benjamin Godfrey · 3 min read
Photo: Peloton
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The increased Peloton sales were fueled by the company’s targeted investments in its shipping line, a venture that has helped it reduce the hassles surrounding the delivery of its product.
American exercise equipment and media company, Peloton Interactive Inc (NASDAQ: PTON) has released its third-quarter earnings with a record 141% growth in its sales when compared to the year-ago period. Here is how the company performed in its relatively better Q3.
Total revenue came in at $1.2623 billion, up from $524.6 million a year earlier. The exercise firm recorded 3 cents per share, as against the 12 cents polled by Refinitiv analysts. Connected Fitness subscriptions, a measure of those who own a Peloton exercise device and pays the monthly subscription shot up 135 ....

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