Welcome to another week in trading! In today’s article, we’re taking a look at the top 5 travel stocks to trade in 2021. We’ll also tell you which events you need to look out for this week.
The best travel stocks to trade right now
Depending on where exactly you are on the planet right now, you may be wondering whether or not you’ll be able to head off on vacay this year. Airport doors are beginning to open up again and people are starting to book.
There is reason to suggest that this summer may give some travel-related companies a (much needed) major boost in fortunes, which may be a good opportunity for astute traders. But what’s worth looking at? Here’s our run-down.
1. Booking Holdings BKNG
Booking.com is one of the largest online travel portals in the world. It’s slowly acquired a whole host of well-known websites to add to its portfolio including Kayak.com, Priceline.com, and Rentalcars.com. There are few competitors to Booking’s prowess in the area of travel booking, planning and comparison.
Over the course of the covid saga, Booking cut its workforce by 25% saving $300m per year. This has put the company in a strong position for a post-pandemic surge.
2. Marriott International MAR
This hotel giant owns more than 7,000 properties in 132 countries all over the world. It too has amassed an interconnected empire of household brands, e.g. Sheraton, and Ritz-Carlton.
While companies like Airbnb are altering the landscape of hospitality, hotels are still high in demand. With their global reach, Marriot is a mainstay.
3. Airbnb ABNB
Speak of the devil. Airbnb has built itself into a true behemoth in this sector. The company has consistently managed to achieve annual revenue growth rates of over 25%.
Due to its business model as a listing marketplace, it is asset-light and cash-rich. As the world starts to re-open, things are looking good for Airbnb.
4. Disney DIS
This one needs no introduction. Disney is the provider of the world’s most famous holiday destinations. That part of their business took a major hit during covid, which did initially hurt the company. However, the blow was softened by the entertainment giant’s many other arms, not least its new VOD streaming service, Disney+.
The power of Disney to ride such a monumental wave and still come out totally dominant should encourage any investor looking for a worthwhile opportunity.
5. Virgin Galactic Holdings SPCE
The out of this world Virgin Galactic Holdings might be one to watch. The company will soon be offering trips into the final frontier for a not-so-modest $250,000 per seat.
When this takes off, stock might go to the moon, quite literally.
What’s on the trading agenda this week?
Here’s everything you need to keep track of this week, it’s not going to be terribly busy — unless something weird happens!
Monday 10th May
No major events scheduled.
Tuesday 11th May
● CNY — Inflation Rate YoY (APR); New Yuan Loans (APR)
Wednesday 12th May
● GBP — GDP 3-Month Avg (MAR); GDP Growth Rate YoY Preliminary (Q1); GDP YoY (MAR)
● USD — Core Inflation Rate YoY (APR); Inflation Rate YoY (APR)
Thursday 13th May
No major events scheduled.
Friday 14th May
● EUR — ECB Monetary Policy Meeting Accounts
● USD — Retail Sales MoM (APR)
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The Contentworks team