The best stocks to invest in now? 5 travel actions in a nutshell
5 Trending Travel Stocks to Check Right Now
Travel stocks could be among the most interesting sectors to consider in the stock market today. After all, even though some parts of the world continue to deal with coronavirus cases, travel demand is already increasing. Overall, this could be due to the continued global rollout of vaccines and subsequent booster shots. As we reach the pandemic’s two-year milestone, most companies in the travel industry have and continue to adapt their operations to the new normal. For this reason, investors looking to bet on the recovery of the travel industry could now target major travel stocks.
Not to mention that some of the biggest names in the industry don’t seem to be slowing down either. Take Delta Airlines (NYSE: DAL) is one of the key names in the airline market currently making waves. In detail, the company provided a positive forecast update noting that quarterly revenue could reach 78% of 2019 levels. As a result, this could also see travel services companies such as Tripadvisor (NASDAQ: TRIP) and Airbnb (NASDAQ: ABNB) attract attention. In a bigger picture, some would say the case for travel stocks is growing. On that note, here are five moves to note in the stock market right now.
Travel actions to buy [Or Sell] This week
American Airlines Group Inc.
First of all, we have American airlines, a travel company that operates an airline. In collaboration with its regional partner American Eagle, the company offers an average of nearly 6,700 daily flights to 350 destinations in 50 countries. It is also a founding member of the Oneworld alliance, whose members and elected members offer nearly 14,250 daily flights to more than 1,000 destinations. In an investor update today, the company says improved revenue will more than offset higher fuel prices.
In January, the company also released its fourth quarter and full year 2021 financial results. Taking a dip, fourth quarter revenue was $9.4 billion. It also carried more than 165 million passengers in 2021, more than any other US carrier. It also ended the year with $15.8 billion in total available cash, one of the highest year-end cash balances in company history. American Airlines also says that despite the volatility of the pandemic, it believes it is growing faster and further than any other US airline to meet this unpredictable demand. With this news, is it worth investing in AAL stocks today?
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Marriott International Inc.
Following this, we have Marriott International, a multinational company that operates, franchises and licenses accommodation to customers worldwide. Its portfolio includes nearly 8,000 properties under 30 leading brands in 139 countries and territories. The company offers Marriott Bonvoy, its award-winning travel program. On February 15, 2022, the company released its fourth quarter financial statements.
First, the company reported operating profit of $635 million, compared with a loss of $128 million a year ago. Net income for the quarter was $468 million or diluted earnings per share of $1.42. At the end of 2021, the company’s global development pipeline totaled 2,831 properties and approximately 485,000 rooms. This includes approximately 19,000 rooms approved but not yet subject to signed contracts. Given the impressive quarter, will you consider adding MAR stocks to your travel stock portfolio?
Royal Caribbean Cruises Ltd
Royal Caribbean is a global cruise holding company. In fact, it is one of the largest cruise operators in the world. It has a fleet of over 60 ships which can travel to over 800 destinations around the world. It owns and operates three award-winning cruise brands, Royal Caribbean International, Celebrity Cruises and Silversea Cruises. In early March, the company announced that its highly anticipated ship, Wonder of the Seas, has set sail for the Caribbean from Port Everglades in Fort Lauderdale, Florida.
Last month, the company also provided an update on its activities and published its 2021 results. By the end of 2021, the Group had returned to service 50 of its 61 vessels, representing more than 85% of its global capacity. During the year, the company also carried approximately 1.3 million guests across its brands, achieving record scores for customer satisfaction and onboard spend per passenger. As of December 31, 2021, the company had approximately $3.2 billion in customer deposits. This represents an improvement of approximately $400 million over the prior quarter despite the significant quarter-over-quarter increase in revenue recognition and short-term write-offs due to Omicron, both of which reduced the balance. customer deposits. All things considered, is RCL stock a buy right now?
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Vail Resorts Inc.
Next, we’ll take a look at Vail Resorts, or Vail for short. In short, it is now one of the big names in the ski resort sector. For a sense of scale, the company operates through 37 destination mountain resorts and regional ski areas. The likes that cover the United States and Canada. In addition to this, the company also runs a range of “sleek and relaxed hotels” under its RockResorts brand.
More importantly, MTN stock appears to be attracting attention following the release of its latest quarterly earnings update. After yesterday’s closing bell, the company posted earnings of $5.47 per share on revenue of $906.5 million. In terms of year-over-year comparisons, this translates to gains of around 51% and 32% respectively. Overall, Vail appears to be recovering as pandemic conditions improve. As such, will you be keeping an eye on MTN stock now?
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Last but not least is the carnival society. To most, Carnival is a goliath in the cruise industry today. To put things into perspective, the company has a massive fleet of over 100 ships across 10 cruise lines. All this serves to provide travelers with travel options around the world. According to Carnival, its ships visit more than 700 ports worldwide. As one of the key players in the travel industry right now, CCL could be a top travel stock to consider.
For one thing, Carnival isn’t sitting idly by on the operational front either. Just today, the company made two positive operational updates. First, its luxury cruise line Princess Cruises has announced new rollout plans in the United States and Australia. Second, Carnival’s P&O cruise line will also resume cruises to Australia by May 2022. Couple all of this with an easing of restrictions on cruise bans and CCL stock could be a top buy for some. Would you accept?
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