Peloton Stock Is the Apple of Fitness

Peloton (NASDAQ: PTON) is having a good run in an otherwise brutal trading week. The market has rattled off its worst two-day slide since 2015, but shares of the high-end fitness specialist managed to close higher on Monday and Tuesday.

The stock's success this week is largely due to the same event that's been sending most of your portfolio's investments lower this week. With coronavirus fears mounting, investors are connecting the dots for companies that can thrive in an environment where homebodies are the new normal. Peloton provides a differentiated experience that duplicates a gym workout or spinning class without having to leave the home or office.

The Peloton story remains largely unappreciated on Wall Street. Even after back-to-back days of gains in a market deluge, the stock is still trading below September's IPO price of $29. It's surprising to see Peloton stock as a disappointment, especially when it shares some surprising similarities to market-darling Apple (NASDAQ: AAPL). Yes, I did say Apple.

Source Fool.com