We recently published a list of 10 Stocks Lead Monday’s Charge Amid Market Bloodbath. In this article, we are going to take a look at where Life Time Group Holdings, Inc. (NYSE:LTH) stands against other stocks that lead Monday’s charge amid market bloodbath.
The stock market kicked off the trading week in a bloodbath, erasing last week’s gains, with all major indices posting heavy losses following President Donald Trump’s confirmation that tariffs on goods from Mexico and Canada are set to take effect on Tuesday.
The tech-heavy Nasdaq posted the biggest loss, down 2.64 percent, followed by S&P at 1.76 percent, and Dow Jones at 1.48 percent.
According to Trump, there was no room left for Mexico and Canada, and his 25-percent tariff for the two countries “will start.” He also signed an additional 10-percent tariff on goods from China.
Despite the market decline, ten companies bucked an overall pessimistic sentiment, making it to the top gainers list mainly due to bullish ratings and earnings performance, among others. In this article, we have detailed the reasons behind their gains.
To come up with Monday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
A diverse group of people engaging in various activities in a modern fitness center.
Life Time Group Holdings, Inc. (NYSE:LTH)
Life Time Group Holdings, Inc. (NYSE:LTH) kicked off the week stronger, adding 3.18 percent to its valuation to close at $31.43 apiece as investors cheered news of its strong earnings performance last year.
Life Time Group Holdings, Inc. (NYSE:LTH), which owns and manages fitness and recreational sports centers, saw net income in the fourth quarter of 2024 grow by 57 percent to $37.2 million from $23.7 million in the same period last year due to improved business performance. Revenues rose by 18.7 percent to $663.3 million from $558.8 million due to continued strong growth in membership dues and in-center revenue, driven by an increase in average dues, membership growth in new and ramping centers, and higher member utilization of in-center offerings.
Net income for full year 2024 alone more than doubled to $156.2 million from $76.1 million in 2023 as revenues increased 18.2 percent to $2.621 billion from $2.216 billion.
Overall, LTH ranks 10th on our list of stocks that lead Monday’s charge amid market bloodbath. While we acknowledge the potential of LTH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LTH but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
