3 Top Leisure Stocks To Check Out In The Stock Market Today

As August comes to a close, the broader stock market continues to gain towards newer heights. Even with the current gains in the market, investors could be looking at leisure stocks now. For one thing, the leisure industry remains a key industry in the world today. Given the stressors of the pandemic coupled with day-to-day life, consumers would be eager to unwind and spend more on their leisure needs. In this case, it would then make sense that investors are eager to know the top leisure stocks in the stock market today.

If anything, the leisure industry stretches far and wide across industries and the globe. On one hand, we have conventional names in the leisure space such as Carnival (NYSE: CCL) and Airbnb (NASDAQ: ABNB). These companies would stand to benefit from the eventual reopening of the economy, making them potential long-term growth plays. For investors looking to play the long game, this area of the stock market could be a go-to now.

On the other hand, the more pandemic-friendly side of the industry continues to thrive as well. This appears to be the case as investors consider the top marijuana stocks in 2021 among other viable stay-at-home leisure stocks. Accordingly, companies like Tilray (NASDAQ: TLRY) and Disney (NYSE: DIS) are not sitting idly by. Namely, Tilray continues to gain ground in the U.S. market while Disney is bringing its hit film Cruella to its streaming platform for free. Safe to say, there is plenty of action in the leisure industry now. On that note, could one of these leisure stocks be top picks in the stock market today?

Best Leisure Stocks To Buy [Or Avoid] Right Now

FuboTV Inc.

Right off the bat, we will be taking a look at sports streaming company, Fubo. For the most part, the company primarily offers consumers live-sports content in streaming form. It accomplishes this via its proprietary streaming platform, FuboTV. Notably, the key difference between Fubo and its streaming competitors goes beyond just the type of content the company offers. To highlight, Fubo is also working towards providing a more interactive experience for its viewers via live-sports betting services.

As a result of all this, FUBO stock could gain from both cord-cutting and online betting trends now. Evidently, investors appear to be aware of this as well. Over the past year, the company’s shares are looking at gains of over 170%. Furthermore, the company also posted record revenue in its recent quarter fiscal earlier this month. Fubo reported a total revenue of $130.9 million for the quarter, a massive 196% year-over-year surge.

Despite the company’s current momentum, Fubo does not appear to be resting on its laurels just yet. Yesterday, the company provided two notable updates on its operations. Firstly, the company’s online sports betting app, Fubo Sportsbook, now has market access in Arizona. This would mark Fubo’s fifth market access agreement. Secondly, Fubo is also planning to launch FanView, a free-to-play online sports gaming feature directly onto its streaming platform. Through FanView, viewers watching the South American Qatar World Cup 2022 qualifying matches will have access to live stats and predictive games. Could all this make FUBO stock worth investing in for you this week?

FUBO stock
Source: TD Ameritrade TOS

Read More

Hydrofarm Holdings Group Inc.

Another name to consider in the leisure industry now would be Hydrofarm Holdings Group. In brief, Hydrofarm is a leading distributor and manufacturer of hydroponics equipment and supplies. The likes of which cater to customers looking to engage in controlled environment agriculture, a key part of growing marijuana plants. In detail, the company offers potential growers high-intensity grow lights, climate control solutions, and growing media among other necessary apparatus.

Overall, with growing tailwinds across the weed industry today, the company’s wares could be seeing an uptick in demand. For starters, Hydrofarm serves a wide array of customers ranging from farmers, and growers to cultivators. The company’s operations currently span across the U.S. and Canadian markets. Additionally, with the possibility of federal approval still in consideration, pick-and-shovel plays like Hydrofarm would continue to gain clout. Because of all this, I could see investors eyeing HYFM stock now.

Not to mention, the company appears to be firing on all cylinders on the operational and financial fronts. To begin with, Hydrofarm is now looking to acquire a Canadian plant nutrient company, Greenstar Plant Products. Given Greenstar’s portfolio of premium plant nutrients, this would be a strategic play by Hydrofarm. On top of that, Hydrofarm also posted solid figures in its second-quarter fiscal. In it, the company raked in a total revenue of $133.8 million, marking a 46% year-over-year surge. After considering all of this, would HYFM stock be a top buy for you?

top leisure stocks (HYFM stock)
Source: TD Ameritrade TOS

[Read More] Best Lithium Battery Stocks To Buy Now? 4 To Know

Pinterest Inc.

Last but not least, Pinterest is a leisure stock that focuses on its social networking platform. Its application enables the saving and discovery of information on the internet using images and animated GIFs and videos in the form of pinboards. Its pinboards are a key feature of the platform, making it easy for its users to save, design, and customize new ideas and concepts across the internet in picture form. PINS stock has enjoyed gains of over 50% in the past year alone.

In late July, the company reported its second-quarter financials. Diving in, it saw its second-quarter revenue grow by 125% year-over-year to $613 million. Also, its global monthly active users (MAUs) grew by 9% to 454 million. GAAP net income was $69 million for the quarter compared to a loss of $100 million a year ago. This quarter results could reflect both the strength of its business despite the recent shift in consumer behavior as people spend less time at home. The company said that despite the pandemic impacts, it will continue to build its business for the long term.

Recently, the company also introduced new ways for creators to earn money and partner with brands on Pinterest. Simply put, creators can now make their Idea Pins shoppable and earn commissions through affiliate links, and partner with brands on sponsored content. With Idea Pin product tagging, creators can tag their Idea Pins with any of the millions of products on Pinterest. Ideally, this would provide a means for both creators and Pinterest to monetize content on the platform. Given all of this, do you think PINS stock is worth adding to your portfolio right now?

best leisure stocks (PINS stock)
Source: TD Ameritrade TOS

Sign up for our FREE Newsletter and get:

  • Stock Alerts And Ideas
  • Learn to Trade Stocks & Options
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom
Privacy Policy

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@stockmarket.com

Notify of
Inline Feedbacks
View all comments
You May Also Like