In this article, we discuss the 10 best fitness stocks to invest in. If you want to skip our detailed analysis of these stocks and the fitness industry outlook, go directly to the 5 Best Fitness Stocks To Invest In.
The pandemic turned the fitness industry upside down last year. When the COVID-19 pandemic struck, approximately one-third of the world’s fitness clubs and studios were shut down by April 2020. According to a recent report by the global health and fitness association IHRSA, the US fitness industry alone lost $20.4 billion of revenue in 2020 as a result of temporary club closures and limited capacity enforced by local and state governments to limit the spread of COVID-19. Despite the setbacks, the gym and health club market is expected to grow by more than $100 billion over the next five years, according to Technavio’s market analysis.
With the consumers’ abrupt shift to virtual workouts, the interactive fitness market is expected to grow at a 7% CAGR from 2020 to 2024, reaching $4.81 billion, according to a market report by Technavio. Some of the leading players in the digital fitness market in 2021 include Peloton Interactive, Inc. (NASDAQ:PTON), NIKE, Inc. (NYSE:NKE), Lululemon Athletica Inc. (NASDAQ:LULU), and Apple Inc. (NASDAQ:AAPL).
10 Best Fitness Stocks To Invest In
Our Methodology
We identified the leading players in the fitness industry from interactive fitness players, nutrition, and fitness apparel. These are some of the most popular fitness stocks among the 873 hedge funds tracked by Insider Monkey. We ranked the list based on the number of hedge funds having stakes in each firm as of the second quarter.
We included only those fitness stocks that have positive analyst ratings and long-term growth catalysts.
Why pay attention to hedge fund holdings? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. …….
Source: https://finance.yahoo.com/news/10-best-fitness-stocks-invest-085810904.html
