Oct 08, 2021 (StockMarket.com via COMTEX) -- 5 Top Leisure Stocks To Watch Today
The stock market today appears to be moving sideways after the U.S. Labor Department's latest report. Even so, investors may want to take a closer look at leisure stocks amidst all of this. Sure, some would argue that the flip-flopping in stocks this week has been volatile, to say the least. As such, looking toward industries with more long-term growth potential would be a viable strategy now. On that note, the leisure industry could fit the bill in this respect now.
For the most part, the leisure industry is one that people turn to in good times and bad. This would be the case from weed producers and gaming companies to even streaming firms. Alternatively, you could even look towards travel stocks that are poised to grow in a post-pandemic market. These would include the likes of Disney ( NYSE: DIS ) and Airbnb ( NASDAQ: ABNB ). In fact, companies such as Uber ( NYSE: UBER ) are already facilitating the current uptick in travel demand. Earlier this week, the company launched a feature that allows the Uber app to track flights, allowing for better coordination between drivers and clients. Overall, there are numerous other players in the leisure space to consider now. Check out these five movers in the stock market now.
5 Top Leisure Stocks To Buy [Or Sell] In October 2021
Carnival Corporation ( NYSE: CCL )
Tilray Inc. ( NASDAQ: TLRY )
American Airlines Group Inc. ( NASDAQ: AAL )
Royal Caribbean Cruises Ltd. ( NYSE: RCL )
Penn National Gaming Inc. ( NASDAQ: PENN )
To begin with, we have Carnival Corporation, one of the world's largest leisure travel companies in the world. Its portfolio of global cruise line brands includes Carnival Cruise Line and Princess Cruises among others. Collectively, these brands comprise over 80 ships with the capacity to visit over 700 ports around the world. The company also has plans to add more ships by 2025. CCL stock currently trades at $24.49 as of 9:58 a.m. ET and has enjoyed gains of over 50% in the past year alone.
On Thursday, the company announced a significant milestone in the first three months of its resuming guest operations this summer. With half of its U.S. fleet back in service and sailing from six U.S. homeports, the company's resumption of service has provided much-needed vacations to hundreds of thousands of loyal guests.
Furthermore, Carnival Cruise Line has announced plans to have 17 ships back in the guest service by the end of 2021, with additional ships returning in January and February and the entire U.S. fleet back in guest operations by spring 2022. With this revelation, should investors consider adding CCL stock to their portfolio?
Tilray is a pharmaceutical and cannabis company with operations all around the globe. It is a trusted partner for both patients and consumers by providing them with a cultivated experience and health through its high-quality, differentiated brands, and innovative products. The company's unprecedented production platform supports over 20 brands in over 20 countries. TLRY stock currently trades at $10.94 as of 9:58 a.m. ET and is up by over 70% in the past year.