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Carnival Corporation (CCL) - free report >>
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Should We Start Buying Travel & Leisure Stocks?
Airlines, hotels & resorts, amusement parks, and cruises have been pummeled by the pandemic.
The pandemic may be the end of cruise liners as we know them. Carnival (CCL - Free Report) , the largest cruise company in the world, has lost 76% of its value in 2020 thus far. The pandemic has made cruises taboo, and it may take years for them to shake this. There is going to be bankruptcy and consolidation in the nonessential cruise industry.
Amusement parks like Six Flags is on the verge of another bankruptcy. Disney (DIS - Free Report) has had to close its 12 global theme parks but looks to Disney+ for future growth.
The airline industry is facing its most significant threat in history. Delta (DAL - Free Report) , the largest global airline, has declined 59% since the beginning of 2020. Airlines are looking to the US government for support.
Hotels have had record low occupancy and been forced to furlough countless employees. People are itching to get away from their homes as this quarantine prolongs. I think we will see a big uptick in hotel & resort revenues once the economy opens.
For further details on the topic check out my article Are Travel & Leisure Stocks Investable?
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>