Better Buy: Peloton vs. Nike
There's no doubt that the pandemic is having significant impacts on the business world. In the case of Peloton Interactive (NASDAQ: PTON), the scorching $36 billion at-home fitness company benefited greatly from coronavirus-related lockdown orders as people needed ways to work out without leaving the house. The stock price is up almost fivefold over the past year, but the easing of restrictions and the progress of vaccinations could slow down its impressive growth.
Meanwhile, Nike (NYSE: NKE), the $172 billion sports apparel and footwear behemoth was forced to temporarily shutter many of its stores in the fiscal 2020 fourth quarter (which ended May 31, 2020) due to the lockdowns. Two quarters later, its business has finally returned to growth, helping propel the stock price 35% higher over the past 12 months.
It might be time for investors to start positioning their portfolios for a post-pandemic world. Depending on your view, either Nike or Peloton could make the cut. Let's dive in and see which is the better buy at the moment.
Source Fool.com
