Since peaking in early 2021, share prices of connected-fitness company Peloton Interactive (NASDAQ: PTON) have plummeted a gut-wrenching 94%. According to estimates from third-party analytics company AppFigures, revenue for Peloton's app hit an all-time high in May. Peloton has multiple parts to its business. If you're a connected-fitness subscriber (meaning you have hardware and pay for the subscription) you get automatic access to Peloton's exercise app. Read More...
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3 Stocks to Buy During a Recession
The U.S. hasn’t yet entered a recession — which is officially defined as two consecutive quarters of negative GDP growth — but runaway inflation, stagnant wages, food shortages, rising interest rates, and geopolitical turmoil could all break this fragile economy’s back in the near future. If that happens, growth stocks will fall further as value stocks become even more attractive. Altria is the top tobacco company in America.
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