5 best travel stocks to watch in October 2021
Are these the best travel stocks to buy on the October 2021 watchlist?
While investors today focus on losses among tech stocks, travel stocks shouldn’t be overlooked. After all, the industry would be among the spaces of the stock market enjoy in a post-pandemic world. Of course, the economic reopening is not going as well as expected. However, global immunization efforts have made and continue to make substantial progress, nonetheless allowing a gradual return to normal. As such, investors willing to bet on the long-term travel industry would now be watching travel stocks.
In particular, companies like Carnival (NYSE: CCL) and Delta Air (NYSE: DAL) also stay at work. On the one hand, Carnival, one of the big names in the cruise industry, is ushering in the return of cruises. As of yesterday, the company plans to resume trips to Jamaica from October through April 2022. Prior to that, Carnival also recently added a second cruise to Greenland after its first scheduled trip sold out in 24 hours. This would highlight the demand for travel which continues to grow amid the pandemic. On the other hand, air operators like Delta Air are seeing an increase in air transport figures. According to the company, ticket sales are stabilizing and it remains on track to meet its third quarter revenue guidance. All in all, could that make one of these most important travel stocks in the stock market worth buying today?
The best travel stocks to watch this week
The Walt Disney Company
The Walt Disney Company is a multinational entertainment and media conglomerate headquartered in California. The Company’s Disney parks, experiences and products include its theme parks, cruise lines, travel assets and consumer products. Before the pandemic, it welcomed more than 150 million visitors a year, making Disney parks one of the most visited theme park companies in the world. DIS stock has posted gains of over 40% over the past year.
In August, the company released its third quarter financial results. Notably, its revenue for the quarter was $ 17.02 billion, up 45% from the previous year. Disney also posted diluted earnings per share of $ 1.02 compared to a loss of $ 1.17 the year before.
The company also says it continues to introduce new experiences to its parks and resorts around the world, as well as new customer-centric services. In addition, its direct-to-consumer business is also doing very well, with a total of nearly 174 million subscriptions on Disney +, ESPN + and Hulu. Given this news, is DIS stock worth adding to your portfolio right now?
Following this, we have Airbnb, an online marketplace for homestays and rentals. Impressively, it grew to 4 million hosts who welcomed over 900 million guest arrivals in more than 220 countries and regions. The company has benefited from the adaptability of its business model and continues to focus on product innovation to meet the changing needs of its customers and live with the pandemic.
In its latest financial statements in August, the company reported a strong second quarter, with revenue of $ 1.3 billion, a significant increase as its business was affected by the initial spread of COVID-19. He also says his product innovations will allow people to travel in new ways. Its customers will now have greater freedom as to where and when to travel.
Earlier this year, it launched a flexible dates feature to help customers. During this quarter, it further announced flexible matching and flexible destination tools to encourage customers to explore more diverse lists and new destinations. All things considered, will you be looking for ABNB shares?
American Airlines Group Inc.
American Airlines is a travel agency with the capacity to provide 6,700 flights per day to nearly 350 destinations in more than 50 countries. It is one of the largest airlines in terms of fleet size and revenue passenger mile. The company is also a founding member of the Oneworld alliance, the third largest airline alliance in the world. AAL’s stock is currently up over 60% in the past year alone.
On September 20, 2021, the company announced that it had become a key partner of Breakthrough Energy Catalyst, investing $ 100 million in a groundbreaking collaborative effort to accelerate the clean energy technologies needed by the company to achieve a net zero economy by 2050.
Breakthrough Energy Catalyst is a one-of-a-kind model that brings together businesses, governments and private philanthropic organizations to accelerate the adoption of next-generation critical clean technologies. That being said, is AAL stock worth investing in?
[Read More] 4 robotics stocks to watch out for amid the growing shifts towards automation
Wynn Resorts Ltd.
Then we will examine Wynn Resorts. In short, Wynn is a Nevada-based premium hotel and casino developer and operator. Similar to most of its peers, the company was initially hit hard by the pandemic. As a result, Wynn has invested and continues to invest heavily in its online gaming division Wynn Interactive. Overall, Wynn could envision favorable winds amid growing demand for domestic travel and online sports betting.
Because of all of this, I could see investors eyeing WYNN stocks now. For the most part, Wynn doesn’t seem to sit idly by on the operational front. Last week, WynnBET received a positive update regarding its operations in Louisiana.
Simply put, Wynn’s sports betting services and iGaming casino app now have access to the region’s market if legalized. This would, in theory, serve to increase the reach of Wynn’s online gaming offerings. Because of all of this, would the WYNN action be a top-notch watch for you?
[Read More] Up and coming stocks to buy now? 3 retail actions in focus
Expedia Group Inc.
Following this, we have Expedia Group. For the uninitiated, Expedia operates primarily as an online travel purchasing company. Through its platform, the company connects consumers and small travel businesses around the world.
In detail, this includes services such as its travel fare aggregators and travel search metasearch engines. Whose tastes are present through its brands Trivago and Hotels.com among others.
As the travel industry recovers, Expedia continues to improve its current offerings. Over the weekend, the news broke the company’s plan to combine its customer loyalty programs across its brands. According to Expedia estimates, its member-only offerings and loyalty rewards have saved customers nearly $ 10 billion on travel to date. Given Expedia’s current momentum, will you be buying EXPE stock this week?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.