Better Buy: Nike vs. Peloton Interactive
Fitness stocks have been standout performers in the retail industry in recent years. Nike (NYSE: NKE) is the world leader in footwear and has seen steady growth in sales of its colorful sneakers. But the store closures over the COVID-19 pandemic brought its momentum to a halt.
For investors looking to juice their returns, they might want to check out Peloton Interactive (NASDAQ: PTON), which has seen exploding growth with its premium brand of exercise bikes. Peloton looks like a stronger business right now, experiencing high engagement during the last quarter with stay-at-home orders in place.
Both growth stocks are promising, but I believe Peloton could significantly outperform Nike over the next 10 years. Here's why.
Source Fool.com
