Search a ticker

Categories
Consumer Stocks Entertainment Stocks Featured Investing Stock Market News Stock Market Today Stocks to Watch

Top Reopening Stocks Worth Investing In Now? 4 Names To Watch

Travel is coming back in a big way, could these reopening stocks soar because of that?

reopening stocks

Are These The Best Reopening Stocks To Add To Your Portfolio Right Now?

Chances are if you’ve been paying attention to the latest news on the market, you’ve read the term “reopening stocks”. As the name suggests, these are stocks that are positioned to benefit once the economy reopens after the pandemic. For the most part, this would be a sector to watch amidst the rapid distribution of vaccines now. Just yesterday, CNBC reported that tech-focused Satori Fund manager Dan Niles would also be shifting his attention towards reopening plays. With even large tech investors turning to the sector, we could see the top reopening stocks continue to rise.

For one thing, the travel industry is among the top reopening plays in focus now. Indeed, it would make sense to predict there being a boom in tourism activities post-pandemic. Accordingly, investors have already started flocking towards tourism-centered companies such as Carnival Corporation (NYSE: CCL) and Expedia (NASDAQ: EXPE). Both companies’ shares have more than tripled in value over the past year. With gains like this, could it be too late to jump on the reopening train now? Well, just yesterday, CNBC’s Jim Cramer reiterated the importance of repositioning as the eventual reopening of the economy puts pressure on tech stocks. If this has you keen on adding some reopening plays to your portfolio, here are four to consider adding to your portfolio right now.

4 Top Reopening Stocks To Buy [Or Sell] Now

Winnebago Industries Inc.

First up, we have outdoor lifestyle company Winnebago Industries. In brief, it is a leading manufacturer of recreational vehicles (RVs) and motorboats in North America. Most would recognize its motorhome RVs that are also named after the company. Generally, consumers would rely on the company’s RVs for leisure travel and outdoor activities. With most international travel still on hold, local travel could be the go-to for consumers looking to satisfy their wanderlust now. That would be when Winnebago comes into play. Investors appear to think so as well, seeing as WGO stock has more than tripled over the past year. Given the company’s latest earnings release this morning, it would not surprise me to see WGO stock surge again.

Source: TD Ameritrade TOS

Overall, Winnebago reported solid figures across the board in its second-quarter fiscal today. To begin with, the company posted a solid year-over-year increase of 34% in total revenue. This added up to quarterly revenue of $839.9 million. Investors would also be pleased to see that the company quadrupled its earnings per share year-over-year. Aside from all that, Winnebago also reported that interest in outdoor leisure activities remains high. The company cites elevated order backlogs and retail sales growth as evidence of this. Given all of this, would you consider WGO stock a buy now?

[Read More] Intel (INTC) Vs Advanced Micro Devices (AMD): Which Of These Semiconductor Stocks Is A Better Buy?

Tripadvisor Inc.

Another top reopening play to watch now would be Tripadvisor. For the uninitiated, the company operates a leading global online travel platform. Through this platform, travelers from across the globe can browse a massive library of user-generated travel content. On top of that, users can also make online hotel reservations and other travel-related bookings. Understandably, Tripadvisor would be a prime candidate to benefit from countries reopening their borders to tourists. Even as the world gradually recovers from the pandemic, TRIP stock is already looking at year-to-date gains of over 80%.

Source: TD Ameritrade TOS

Nevertheless, Tripadvisor has not been sitting idly by as well. Earlier today, it announced a collaboration with Reckitt, the makers of Lysol. The duo will be working together to provide Lysol sanitization kits to Tripadvisor’s nearly 8 million hospitality partners. No doubt, Tripadvisor appears to be preparing for the post-pandemic travel surge through this play. Not only would this help rebuild traveler confidence, but it would also incentivize partner hotels to improve overall cleanliness. Based on Tripadvisor’s estimates, 64% of U.S. travelers mentioned cleanliness as a top concern when making travel decisions. By and large, this is a win-win situation for all parties involved. Could this make TRIP stock worth investing in now? I’ll let you decide.

Read More

Walt Disney Company

Following that is media giant Disney. Few can boast an entertainment portfolio as impressive as Disney’s. This would be the case given Disney’s massive collection of timeless classics, legendary IPs, and signature theme parks. Despite being hit hard at the onset of the pandemic, the company quickly adapted its offerings to fit the home streaming mold. As a result, the company’s Disney+ streaming services had a record year throughout 2020. Having crossed the 100 million subscriber mark in 16 months, many are comparing it to streaming giant Netflix (NASDAQ: NFLX). Coupled with the gradual reopening of its core theme parks, DIS stock could be a growth stock to watch now.

Source: TD Ameritrade TOS

In general, Disney has been hard at work bolstering its services across the board this week. For starters, the company is reportedly testing out new facial recognition technology in its theme parks. This would help create a more contactless entry experience for customers amidst the current pandemic. In the long term, you could consider it a means of optimizing entrance services as well. Meanwhile, Disney also revealed that its latest blockbuster movies ‘Black Widow’ and ‘Cruella’ will be simultaneously released in theatres and on Disney+. The company is firing on all cylinders now, to say the least. To this end, will you be adding DIS stock to your portfolio?

[Read More] Best Industrial Stocks To Buy? 4 Names To Watch Before April 2021

Hall of Fame Resort & Entertainment Company

Topping off our list today is Hall of Fame Resort & Entertainment Company (HOFV). As its name suggests, HOFV is a resort and entertainment company. Particularly, the draw of its offerings lies in the company’s partnerships with the Pro Football Hall of Fame. Of course, HOFV would stand to benefit from the resurgence in the tourism industry. But, that’s not why HOFV stock is on investors’ radars now. You have the trending non-fungible token (NFT) craze to thank for that. In fact, HOFV stock is currently up by over 56%, trading at $6.25 as of 12:57 p.m. ET.

Source: TD Ameritrade TOS

In detail, HOFV announced a new partnership with entertainment marketing company, Dolphin Entertainment (NASDAQ: DLPN). The alliance in question will see Dolphin helping HOFV market its pro football NFTs. Why is this important? Well, the current hype around NFTs is thanks to the value it adds to digital assets. For instance, Twitter (NYSE: TWTR) and Square (NYSE: SQ) CEO Jack Dorsey just sold his first tweet as an NFT. He did so for over $2.9 million. Because NFTs are powered by blockchain tech, they are essentially one-of-a-kind digital collectibles, hence the immense value behind them. In theory, HOFV and Dolphin could do the same with HOFV’s collection of pro football memorabilia. Could this mean big gains for HOFV stock moving forward? Your guess is as good as mine.

By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments