Combining hardware and subscriptions is a tough business, and Peloton (PTON -3.55%) has felt that pain over the past three years. But this is a company that could be cash flow positive in a few months, and the stock's turnaround could be here before you know it.

In this video, Travis Hoium covers why this is one of his favorite stocks today.

*Stock prices used were end-of-day prices of Jan. 12, 2024. The video was published on Jan. 16, 2024.