5 Best Health and Wellness Stocks for a Growing Industry

Whether mental or physical, one”s approach to health and wellness is crucial to ensuring a long and happy life; this is true for all ages, regardless of where you are from.  Recognizing this, it is clear that there is a widespread need for solutions addressing health and wellness, with the following companies’ examples of doing just that.

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Health and Wellness Companies

Before diving into our list, note that our look at health and wellness companies extends to include those offering products and services for not just the body, but the mind as well.

*Figures provided below were accurate at the time of writing and are subject to change.  Any potential investor should verify metrics*

1. COMPASS Pathways plc

At the time of writing, CMPS was listed by the majority of analysts as a ‘Strong Buy’.

2. Mind Medicine (MindMed) Inc.

Mind Medicine, or ‘MindMed,’ is another company at the forefront of developing psychedelic-inspired medicines.  Like COMPASS Pathways, it maintains a focus on addressing mental health issues such as anxiety, depression, and addiction.  Its approach sees that the company explores the therapeutic potential of substances like LSD, MDMA, and psilocybin in controlled clinical environments.

Notably, the company is already engaged in multiple Phase II trials.  These trials aim to unlock new treatments hoped to revolutionize current approaches and treatments for the aforementioned mental health disorders.  By integrating cutting-edge science with stringent regulatory strategies, MindMed seeks to ensure safety and efficacy, positioning itself as a leader in the nascent field of psychedelic medicine.

MindMed’s stock is worthy of consideration due to its pioneering research into compounds historically marginalized in the medical community.  With a growing body of evidence supporting the therapeutic benefits of psychedelics, the company is already well-placed to capitalize on increasing acceptance and potential legalization of these substances for medical use.  The company’s potential to lead in this field and the health and wellness sector at large make it a noteworthy and promising stock to follow.

At the time of writing, MNMD was listed by the majority of analysts as a ‘Strong Buy‘.

3. Teladoc Health, Inc.

At the time of writing, TDOC was listed by the majority of analysts as a ‘Buy‘.

4. Peloton Interactive, Inc.

Peloton Interactive remains a prominent player in the interactive fitness equipment and media industry.  While it is primarly known for its luxury stationary bicycles and treadmills that integrate live and on-demand fitness classes, the company has continued to expand its product line since going public in 2019.  This has seen the launch of various high-end fitness equipment, and a subscription-based exercise class platform that streams workouts directly to users’ equipment or devices.

Peloton Interactive stock is worth consideration for multiple reasons.  Firstly, it has managed to successfully build a following around its innovative blending of fitness and technology, which has redefined home workouts.   Secondly, there may have been an overcorrection after the pandemic, which saw shares in Peleton plummet as people went back to work and gyms re-opened.  While it may not have been able to sustain the growth it saw during the pandemic, Peloton’s efforts to expand its product offerings, enter new markets, and adjust its pricing models have done well to highlight its adaptability.  Furthermore, its strong brand loyalty and the continued trend towards health and wellness are positive indicators of its long-term potential.  Peloton’s ability to innovate in both product development and content delivery makes it a compelling option for investors interested in the convergence of fitness, technology, and media.

At the time of writing, PTON was listed by the majority of analysts as a ‘Buy‘.

5. The Simply Good Foods Company

The Simply Good Foods Company is a consumer packaged goods company in North America, primarily known for its offerings under the Atkins and Quest Nutrition brands.  These brands focus on producing and marketing nutritional products and snacks that align with a low-carbohydrate eating approach.  The company’s products, which include protein bars, shakes, and frozen meals, cater to consumers pursuing healthier dietary choices and lifestyles.

The Simply Good Foods Company could be a timely play, as an increased and growing focus in being placed on health-conscious eating worldwide.  This rising awareness and consumer demand for nutritional content transparency and low-carb diets provide a solid growth platform for the company.  In addition, its strong brand recognition, particularly with Atkins and Quest, allows it to leverage brand loyalty to expand its customer base.

As more consumers opt for healthier snacking and meal options, The Simply Good Foods Company’s focus on quality and nutrition makes it a potentially valuable investment in the expanding health and wellness industry.

At the time of writing, SMPL was listed by the majority of analysts as a ‘Strong Buy‘.