Is Peloton a Pandemic-Proof Stock?
When looking back at the past six months, it's interesting to see which stocks fared well and which did not. The coronavirus pandemic forced economies all over the world to come to a screeching halt, and with people stuck inside their homes seeking any semblance of normality, companies that were able to satisfy consumers' needs in this new normal came out winners.
Peloton (NASDAQ: PTON) is one such company, as the tripling of its shares in 2020 year to date clearly illustrates investors' adoration of the fitness disruptor. With health and well-being becoming a priority for many people, Peloton's pandemic-proof stock stands to continue rising.
As I like to point out, Peloton, like Apple, sells premium hardware that is differentiated by its own software and accompanying services. The company sells two variations each of its stationary bike (Bike and Bike+) and treadmill (Tread and Tread+). While it may seem like these products are nothing more than traditional fitness equipment with a tablet attached to the front, they are much more than that.
Source Fool.com
