5 Best Leisure Stocks To Watch Today | national
Are these best leisure stocks on your September 2021 watchlist?
While the larger stock Exchange seeks direction amid uncertainty about the direction of the economy, leisure values stand out. For starters, it could be due to the overall momentum we’re seeing throughout the current results season. Naturally, as more and more consumers are fully vaccinated, entertainment companies offering in-person deals would see more traffic. As a result, casino companies such as Sands of Las Vegas (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) continue to gain on the stock market today. On top of that, there is also the factor of the growing popularity of online gambling services that most of the big names in the industry are currently offering.
Meanwhile, the part of the industry that stays at home also appears to be thriving. We could take a look at the top marijuana stocks in the market to see this. The tastes of Cresco Laboratories (OTCMKTS: CRLBF) and GrowGeneration (NASDAQ: GRWG) are up more than 300% from their pandemic-era lows. With the move to legalize weed at the federal level, some would argue that the industry still has room to operate. Overall, there appear to be viable games across the board among the leisure activities now. With that in mind, could any of these companies be the number one choice in the market right now?
The best leisure stocks to watch out for right now
Walt Disney Company
Disney is a leisure company focused on mass media and entertainment. It is headquartered in California and established itself as a leader in the animation industry before branching out into live movie production, streaming, and theme parks. The company strives to entertain and inspire people around the world with its unprecedented storytelling and visuals. DIS stock is currently $ 176.94 at 11:07 a.m. ET and has risen over 34% in the past year.
On August 12, 2021, the company released its third quarter financial statements. First, revenue for the quarter was $ 17.02 billion, an increase of 45% year-over-year. It continues to bring exciting new experiences to its parks and resorts around the world, while its direct-to-consumer business is also doing very well.
Notably, it had nearly 174 million subscriptions on Disney +, ESPN + and Hulu at the end of the quarter. It also has a host of new content coming to its platforms. For these reasons, do you think DIS stock is a top hobby stock to consider adding to your watch list now?
Roblox is a video game developer based in San Mateo, California. The company is powered by a global community of millions of developers who produce their own immersive multiplayer experiences using Roblox Studio, its intuitive desktop design tool. It is ranked among the best online entertainment platforms for audiences under 18 based on average monthly visits and time spent. RBLX stock is currently trading at $ 86.84 at 11:08 a.m. ET.
Last Monday, the company also reported a strong second quarter. First, it announced a 127% revenue increase to $ 454.1 million for the quarter. “Our continued growth demonstrates the importance of our mission and the power of our platform,Said David Baszucki, CEO of Roblox. “These results are fueled by both our ecosystem of creators and the millions of people around the world who want to connect and share new experiences every day on Roblox.“
Second, the company reported that its average daily active users (DAU) was 43.2 million, a 29% increase year-over-year. With that in mind, will you consider adding RBLX stock to your watchlist?
Airbnb is a company that operates an online marketplace for accommodation, primarily host families for vacation rentals and tourist activities. The company has more than 4 million hosts who have welcomed more than 900 million guest arrivals in more than 220 countries and regions. ABNB shares have risen more than 10% in the past 5 trading days and are currently trading at $ 155.30 each at 11:08 am ET. Investors may react positively to a recent public relations initiative by the company.
The company said on Tuesday it would provide temporary housing to 20,000 Afghan refugees around the world. On top of that, the company had analysts from DA Davidson reiterating a buy rating and a target price of $ 174 on the stock.
In the second quarter, Airbnb had revenue of $ 1.3 billion, up nearly 300% year-over-year. Impressively, it has also surpassed pre-pandemic levels by 10% as the travel resumption accelerates. All things considered, will you consider looking at ABNB stocks right now?
Another name to consider in the entertainment industry would be Fubo. In short, Fubo primarily offers consumers access to a massive library of sports content through its FuboTV streaming platform. Through this channel, subscribers can choose from over 40 channels. It ranges from premium live sports and entertainment programming to news and family-oriented content. Notably, Fubo is also looking to introduce an element of interactivity into its services with live sports betting services. With the company’s leadership position in the sports content streaming space, investors could now be eyeing FUBO stocks.
As it stands, the company’s shares are currently trading at $ 26.77 at 11:08 a.m. ET. This would be after gaining over 180% in the last year. The real question now is whether the FUBO stock has even more room to move forward.
Well, on the one hand, the company appears to be working hard to expand its current offerings. Namely, Fubo now works with Curiousity (NASDAQ: CURI) via a multi-year distribution partnership. As a result, the linear programming-based Curiosity channel is now available to Fubo viewers in the United States. Could all of this make FUBO stock a leading leisure stock for you?
Last but not least, we will examine Tilray. Overall, the company is today a leading presence in the global cannabis industry. Through its portfolio, the company offers its customers a wide range of cannabis lifestyle and consumer products. For a sense of scale, the company’s operations span across Canada, the United States, Latin America, Australia, and Europe. Now TLRY stock is trading at $ 13.26 at 11:09 am ET. Would it be worth buying?
For the most part, Tilray doesn’t seem to be slowing down any time soon. This month alone, the company made significant bets, strengthening its presence in the Canadian and US markets. For starters, Tilray launched a new line of medical cannabis edibles on August 5 in Canada.
In theory, this would be of interest to potential customers looking for alternative methods of consuming weeds. Subsequently, the company also took a controlling position in MedMen, a United States-based cannabis retailer. As Tilray shifts into high gear, will you be keeping an eye on TLRY’s stock?