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Good Stocks To Buy Today? 5 Leisure Stocks In Focus

Could investors rest easy with these leisure stocks in their portfolios?

good stocks to buy today (leisure stocks)

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

As investors wonder about what stocks to buy today, leisure stocks appear to be making moves. For one thing, there are plenty of top leisure stocks for investors to choose from in the stock market today. To begin with, we have the travel industry. In this group, airline and cruise line operators alike would be gaining attention amidst the rising demand for travel. Despite a recent rise in coronavirus cases, some would argue that said companies are more well prepared to accommodate fully vaccinated travelers. In fact, consumer demand for air travel is even driving growth in aircraft manufacturer Boeing (NYSE: BA). So much so that the company posted its first quarterly profit in almost two years.

At the same time, there are also leisure stocks for investors looking to bet on stay-at-home businesses. This would include the likes of DraftKings (NASDAQ: DKNG) and Fubo (NYSE: FUBO). Namely, both companies are in the business of providing consumers with their sports entertainment needs from home. In particular, DraftKings is even looking to grow its offerings by launching its own sports-themed non-fungible token marketplace. Aside from that, marijuana stocks such as Cannabis Growth Corporation (NASDAQ: CGC) would also benefit from the expanding legal weed market in the U.S. Overall, there is likely a leisure stock for most investors out there. With that in mind, here are five worth knowing in the stock market now.

Best Leisure Stocks To Buy [Or Sell] This Week

Tilray Inc.

First on this list of leisure stocks is Tilray, a leading global cannabis lifestyle, and consumer packaged goods company. The company strives to be one of the most trusted partners for its patients and consumers by providing them with a cultivated experience and wellbeing through high-quality, differentiated brands and innovative products. TLRY stock currently trades at $16.13 as of 2:32 p.m. ET and is up by over 26% on today’s opening bell. Investors are likely responding to the company reporting its financials today.

For its fourth quarter, net revenue increased by 25% to $142.2 million compared to a year ago. The increase was driven by a commendable 36% growth in net cannabis revenue to $53.7 million.

Also, the company’s net income for the quarter was $33.6 million compared to a net loss of $84.3 million in the prior-year quarter. The company says that these results affirm that the global cannabis market remains in its early stages and given Tilray’s leadership position, it will continue to capitalize on this growing market. For this reason, will you consider buying TLRY stock today?

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Carnival Corporation

Carnival Corporation is a leisure company that is the largest cruise company in the world. The company’s portfolio of global cruise line brands includes Carnival Cruise Line and AIDA Cruises among others. Together, its brands comprise a fleet of over 80 ships with the capacity to visit over 700 ports around the world. CCL stock currently trades at $22.92 apiece as of 2:33 p.m. ET.

On Wednesday, the company announced that its AIDA cruises will restart. The AIDALuna will be the seventh ship in the AIDA fleet to restart guest operations in 2021. It is scheduled to restart on September 5, 2021.

By the end of the year, AIDA Cruises plans to have 10 ships sailing, offering travelers a broad range of vacation options. This includes its highly anticipated new ship, AIDAcosma, to be delivered in December 2021. Given the excitement surrounding this piece of news, will you consider adding CCL stock to your portfolio?

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Roku Inc.

Roku is a company that manufactures a variety of digital media players for video streaming. The company essentially pioneered streaming to the TV. It also enables content publishers to build and monetize large audiences and provide advertisers with unique capabilities to engage consumers. ROKU stock currently trades at $470.07 as of 2:33 p.m. ET. Last week, the company announced an exciting piece of news that has gotten the attention of investors.

In it, Roku announced a partnership with NBCUniversal to bring an all-new, immersive Olympic experience to streamers on the Roku platform in the U.S. The initiative makes it easy for users to access Olympic coverage and Olympics-related entertainment on supported Roku devices.

Roku says that streaming has fundamentally changed the way people watch news, sports, and entertainment today and nothing combines these moments together better and on a bigger scale than the Olympics. All things considered, will you buy ROKU stock?

Expedia Group Inc.

Another company to consider in the leisure industry now would be Expedia Group Inc. Despite the recent fears over rising coronavirus cases, investors appear to be holding firm on EXPE stock’s prospects. Evidently, the company’s shares are looking at gains of over 230% since its pandemic era low, highlighting that travel stocks remain relevant.

For the uninitiated, Expedia operates an online travel platform, connecting consumers and tourism businesses across the globe. The likes of which help travelers prepare for trips, a crucial service given the current challenges that come with traveling today. With EXPE stock trading at $163.23 a share as of 2:33 p.m. ET, could it be a buy?

If anything, Expedia does not seem to be slowing down anytime soon on the operational front. As of yesterday, it is now an official travel companion of the upcoming “WE LOVE NYC: The Homecoming Concert” by New York City (NYC). Through this partnership, Expedia will be highlighting popular NYC travel offerings such as hotels, flights, and local activities. Moreover, the company is also planning to give away up to 1,000 concert tickets to Expedia Rewards members. With this strategic play in mind, could EXPE stock be worth investing in for you?

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MGM Resorts International

Following that, we have MGM Resorts International. In short, the Nevada-based hospitality company is a major player in the global hospitality and entertainment industry today. Given its vast portfolio of best-in-class hotels, casinos, and online gaming offerings, this is apparent. Now, MGM stock trades at $38.64 as of 2:34 p.m. ET after gaining by over 140% in the past year. With the recent dip in the company’s shares on pandemic fears, would it be a wise investment now?

Well, for one thing, MGM does not appear to be slowing down anytime soon. Namely, the company is reportedly looking to make massive expansions to its operations in Japan. According to the Wall Street Journal, MGM is proposing to build a $9 billion casino resort in Osaka.

Governor Hirofumi Yoshimura seems optimistic about the idea saying, “I would like to invite the world’s best-integrated resort to Yumeshima where many people in Japan and abroad can come and enjoy Osaka after the pandemic is over.” Should things go as planned, MGM could be looking at a massive opportunity here. Would all this make MGM stock a top buy for you?

By Brandon Michael

Brandon Michael is a financial specialist and financial contributor to the stock market. He enjoys writing about rising stocks and how the market changes over time. He specializes in multimedia and events, as well as social media management and media contributing. He has managed and marketed hundreds of events, as well as grown social media pages upwards of 200,000 followers and everything in between. As an active social media influencer in the car community, he understands how to recognize trends and curate content for niches. From an early age, Brandon was fascinated by the power of social media and how it built companies and careers for many. Over time he has developed many different strategies for different platforms on how to grow different kinds of pages. In addition to social media skills, he is passionate about events, it is second nature to him to promote them and make sure that everything is executing perfectly. This has allowed him to partner with some of the largest companies in the industry to run events for hundreds of thousands of people. Brandon has written many articles for many notable top websites for the last 3 years. His focus in his writing is generally rising stocks and emerging trends in the stock market, as well as bringing companies with market potential to the frontlines of the media. It is easy for him to identify trends and do extensive research to make sure he’s providing the most accurate research possible. In his free time, he continues to improve his research skills and financial knowledge to continue providing the best work possible.

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