We recently published 10 Stocks Jim Cramer Mentioned As He Talked About “Love Lost” Between Microsoft & OpenAI. Planet Fitness, Inc. (NYSE:PLNT) is one of the stocks Jim Cramer recently discussed.
Planet Fitness, Inc. (NYSE:PLNT) is a consumer cyclical company that operates fitness centers all over the US. Its shares have gained 6.9% year-to-date on the back of strong earnings performance and associated tailwinds. Planet Fitness, Inc. (NYSE:PLNT)’s second quarter earnings saw the firm post same-store sales growth of 8.2% to beat analyst estimates of 5.9% while its operating margins also beat analyst figures. Naturally, Cramer was appreciative of the strong figures:
“I have Planet Fitness on they’re numbers are just incredible.”
Copyright: 123mn / 123RF Stock Photo
The CNBC TV host discussed Planet Fitness, Inc. (NYSE:PLNT) in April. Here is what he said:
“You know I do a memo each morning where I do uh the 10 things that I’m looking at and it starts with a list of about 25 things. The only positive numbers I saw, the only raising price target that I saw today was Planet Fitness, so I took a look at it they’re doing better than expected. I think you have a winner.”
While we acknowledge the potential of PLNT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
