While the Nasdaq Composite Index had a remarkable 2023, rising 43% last year, there were many stocks that completely missed out on the broad market rally.

Take Peloton Interactive (NASDAQ: PTON), the troubled connected-fitness company that saw its share price decline 23% last year. And down 5% year to date, shares continue to underperform. Investors looking for a bargain-basement deal might be eyeing Peloton as a potential opportunity

Should you buy this consumer discretionary stock hand over fist with $1,000 in 2024? Here's what investors need to know.

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Source Fool.com