Jim Cramer Discusses These 11 Stocks & Says People Don’t Understand Tariffs

2. Peloton Interactive, Inc. (NASDAQ:PTON)

Number of Hedge Fund Holders In Q4 2024: 49

Peloton Interactive, Inc. (NASDAQ:PTON) is a fitness firm that sells hardware such as bikes and a subscription platform. The shares have struggled this year as they have lost 26% year-to-date. However, over the year, Peloton Interactive, Inc. (NASDAQ:PTON)’s stock is still up by an impressive 48%. The shares have been on a downward trajectory since mid-February, losing their value amidst broader stock market struggles related to a potential economic slowdown. Here is what Cramer said about Peloton Interactive, Inc. (NASDAQ:PTON):

“[On Cannacord going to buy] The fitness trend is good. Remember the fatness trend is battling with the fitness trend. But I would say that Peloton . . .Subscription businesses are king. And Peloton’s a subscription business. Well done.

“Peloton seems like it’s got churn down. And I like that. That was a very good call. I thought the call was very good. Remember, I’m totally in this camp which just says, younger people want to workout.”