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5 Top Leisure Stocks To Watch In The Stock Market Today

Can these leisure stocks continue to rise given their current momentum?

leisure stocks

While investors appear to be optimistic in the stock market today, leisure stocks appear to be in focus. Sure, Bitcoin (BTC) hit a new record high and corporate profits continue to impress. However, investors may not want to be sleeping on the top leisure stocks in the market now. If anything, some of the biggest names in the leisure industry today are also thriving this earnings season. Namely, Netflix (NASDAQ: NFLX) posted healthy figures in its third-quarter earnings call yesterday. In detail, it saw an earnings per share of $3.19 and added 4.4 million new paying subscribers in the quarter. This is well above consensus estimates of $2.56 and 3.84 million respectively.

Meanwhile, leisure industry players such as Penn National Gaming (NASDAQ: PENN) continue to invest in growth. Earlier today, the regional gaming firm completed its acquisition of theScore, a titan in Canada’s digital entertainment industry. Through the $2 billion deal, Penn appears to be keen on significantly expanding its pandemic-born digital gaming strategy. All in all, the leisure industry continues to see an uptick in demand across the board. This appears to be the case from travel firms to stay-at-home names. With that said, here are five leisure stocks to note in the stock market this week.

Best Leisure Stocks To Watch Right Now

Winnebago Industries Inc.

Winnebago is a leading manufacturer of motorhomes and motorboats for outdoor lifestyles. It markets its products under the Winnebago, Grand Design, and Chris-Craft brands among others that are primarily used for leisure travel and outdoor recreation activities. Notably, its portfolio of products includes quality motorhomes, travel trailers, fifth-wheel products, and commercial community outreach vehicles. WGO stock currently trades at $70.13 as of 11:35 a.m. ET and is up by over 20% in the past year alone.

Today, the company announced a strong fourth quarter and full-year fiscal 2021 financials. Diving in, it posted a record quarterly revenue of $1 billion, increasing by 40.4% year-over-year. This was driven by strong end consumer demand. Winnebago also continues to enjoy RV market share gains and reported a record quarterly adjusted earnings per share of $2.57, up by 77.2% compared to a year earlier. With such solid financials, is WGO stock worth adding to your watchlist right now?

Source: TD Ameritrade TOS

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Spotify Technology

Following that, we have one of the biggest music streaming companies in the world, Spotify Technology. Impressively, its 365 million global listeners in over 170 countries and territories use its services and have access to more than 70 million tracks. Furthermore, the company has essentially transformed the music industry by moving from a transaction-based experience of buying and owning audio content to an access-based model by allowing users to stream on-demand. SPOT stock currently trades at $253.14 as of 11:35 a.m. ET.

Today, the company announced that it will be partnering with Shopify (NYSE: SHOP) to allow artists on its service to connect their Spotify profiles with their Shopify stores. This will allow them to market their merchandise directly to fans through the Spotify app. “Artists today are entrepreneurial. They’re building multifaceted brands and businesses, and now we’re making it easier for them to meet fans where they are,” said Amir Kabbara, Spotify’s Director of Product, in a statement. “By bringing entrepreneurship to Spotify, we’re empowering artists to think beyond the traditional merch table with new ways to monetize, and to experiment with their brands through commerce.” Given this piece of information, will you be on the lookout for SPOT stock?

Source: TD Ameritrade TOS

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DraftKings Inc.

Next up, we have DraftKings, a digital sports entertainment and gaming company. Its products range across regulated gaming, digital media, and daily fantasy. In fact, it is the only U.S.-based vertically integrated sports betting operator and is a multi-channel provider of sports betting. Also, its daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DKNG stock currently trades at $49.30 as of 11:35 a.m. ET.

On October 19, 2021, the company, together with Foxwoods Resort Casino launched an online and mobile sports betting and online casino in Connecticut after successfully completing the required soft launch testing last week. Furthermore, its Manchester-based Sportsbook teamed up with Filotimo Casino & Restaurant to expand retail sports betting in New Hampshire. Seeing how the company is firing on all cylinders right now, will you watch DKNG stock closely?

Source: TD Ameritrade TOS

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United Airlines Holdings Inc.

Next up, we have United Airlines Holdings or UAL for short. Overall, consumers and investors alike would be familiar with the company and its services. For the uninitiated, it operates one of the largest airlines in the U.S. today. This would be in terms of the size of its flight network spanning across all seven continents worldwide. As it stands, UAL stock currently trades at $46.12 as of 11:35 a.m. ET. With gains of over 120% since its pandemic-era low, could now be a good time to jump on the company’s shares?

Well, for one thing, CNBC’s Jim Cramer seems to believe so, saying that UAL stock is “so clearly the one to buy right now”. According to the Mad Money host, the rising vaccination rates globally would continue to drive demand for its air travel services. Not to mention, UAL also posted encouraging results in its latest fiscal quarter report yesterday. In detail, the company revealed smaller-than-expected losses of $1.02 per share on a better-than-expected revenue of $7.75 billion. By and large, CEO Scott Kirby notes that UAL is “solidly on track” to meet its 2022 goals. Would all this make UAL stock a top watch for you?

Source: TD Ameritrade TOS

Tilray Inc.

Topping off our list today is Tilray. In brief, the Canadian pharmaceutical company is a juggernaut in the growing cannabis industry today. In terms of global reach, the company has operations spanning the Americas, Australia, New Zealand, Germany, and Portugal. Whether it is medical applications or adult use, Tilray boasts a massive portfolio of marijuana-based consumer products. For investors looking to invest in the possible legalization of weed at the federal level, TLRY stock could be a go-to now. Also, the current pandemic has and continues to drive demand for the calming substance among consumers.

Now, TLRY stock currently trades at $11.35 as of 11:36 a.m. ET. Year-to-date the company’s shares are up by 25%. Even so, Tilray does not appear to be resting on its laurels just yet. As of today, the company is now working with Great North Distributors, Canada’s first national sales broker for legal adult-use cannabis. Through this distribution agreement, Great North is now an exclusive distributor of Tilray’s industry-leading cannabis portfolio in the Canadian marketplace. According to CEO Irwin Simon, the move will serve to further accelerate Tilray’s leadership position across Canada. As such, will you be keeping an eye on TLRY stock?

Source: TD Ameritrade TOS

By Adam Lawrence

Adam Lawrence is a serial entrepreneur and financial writer for StockMarket.com. He calls Miami, Florida his home but has a love for travel. He started his first digital marketing and website design business, in 2006 at the age of 23. He has worked with and consulted for hundreds of publicly traded companies. His vast knowledge of the public markets has allowed him to gain real-world experience in corporate communications. No matter what is going on in the stock market today, Adam is at the front of the line to track new trends and present them to readers.

As an active contributor to other financial sites like GuruFocus and Benzinga, Adam has gained prominence for reporting on several topics. These include biotech stocks, technology stocks, gold stocks, as well as marijuana stocks. These active stock market sectors have presented investors with some of the biggest opportunities in the stock market today. Adam's goal is to present readers with easily digestible content that is both informative and actionable.

Adam's years of experience in digital marketing have helped give him an edge above other financial writers. His ability to pick up on stock market trends before they hit Main Street is one of the things that has afforded him the opportunity to interact with and engage public companies. Reporting on current events is one thing but being able to dissect them and translate them for readers is of the utmost importance. In doing so, Adam has set a personal standard to deliver timely information that dives deeper than simple headlines and goes into the fine details of what's driving stock market trends. He also stays on top of the most current social media trends among top influencers.

With the emerging landscape surrounding new media, Adam takes an active approach to learn what drives interest in different social media and finds ways to tap into whatever is trending at that time then apply it to his approach to the stock market. In his free time, he enjoys being with his family and working on his house. He's also an avid car enthusiast.

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