5 leisure stocks to watch in the stock market today | national
5 trending leisure actions for your list this week
While investors appear bullish on the stock market today, leisure activities seem to be in focus. Of course, Bitcoin (BTC) has hit a new high and corporate earnings continue to impress. However, investors may not want to sleep on the best leisure stocks on the market today. If anything, some of the biggest names in today’s entertainment industry are also booming this earnings season. To know, Netflix (NASDAQ: NFLX) yesterday released healthy numbers in its third quarter earnings call. In detail, it posted earnings per share of $ 3.19 and added 4.4 million new paying subscribers in the quarter. That’s well above consensus estimates of $ 2.56 million and $ 3.84 million respectively.
Meanwhile, players in the leisure industry such as Penn National Gaming (NASDAQ: PENN) continues to invest in growth. Earlier today, the regional game company finalized the acquisition of theScore, a titan of Canada’s digital entertainment industry. With the $ 2 billion deal, Penn looks set to expand its pandemic digital gaming strategy significantly. Overall, the leisure industry continues to see an increase in demand across the board. This seems to be the case with travel agencies with names of people at home. That said, here are five leisure stocks to note on the stock market this week.
The best leisure stocks to watch out for right now
Winnebago Industries Inc.
Winnebago is a leading manufacturer of motorhomes and motorboats for the outdoor lifestyle. It markets its products under the Winnebago, Grand Design and Chris-Craft brands, among others, which are primarily used for leisure travel and outdoor activities. Its product portfolio includes quality motorhomes, caravans, fifth wheel products and local commercial vehicles, among others. WGO stock is currently trading at $ 70.13 at 11:35 a.m. ET and has risen over 20% in the past year alone.
Today, the company reported strong financial results for the fourth quarter and full year 2021. Plunging, it posted record quarterly revenue of $ 1 billion, up 40.4% from year after year. This was motivated by strong demand from end consumers. Winnebago also continues to enjoy market share gains for recreational vehicles and reported a record quarterly adjusted earnings per share of $ 2.57, up 77.2% from the previous year. With financial data so strong, is WGO stock worth adding to your watchlist right now?
Then we have one of the biggest music streaming companies in the world, Spotify technology. Impressively, its 365 million global listeners in more than 170 countries and territories use its services and have access to more than 70 million tracks. Additionally, the company has essentially transformed the music industry from a transaction-based audio buying and owning experience to an access-based model by allowing users to stream on demand. . SPOT stock is currently trading at $ 253.14 at 11:35 a.m. ET.
Today, the company announced its partnership with Shopify (NYSE: SHOP) to allow artists in its service to connect their Spotify profiles to their Shopify stores. This will allow them to market their products directly to fans through the Spotify app. “Today’s artists are entrepreneurs. They’re building multi-faceted brands and businesses, and now we’re making it easier for them to meet fans wherever they are,“, Said Amir Kabbara, chief product officer of Spotify, 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 experience their brands through commerce.Given this information, will you be on the lookout for SPOT stock?
then, we have DraftKings, a digital sports entertainment and games company. Its products cover regulated games, digital media and everyday fantasy. In fact, it is the only vertically integrated sports betting operator based in the United States and a multi-channel sports betting provider. In addition, its Daily Fantastic Sports product is available in 7 countries internationally with 15 distinct sport categories. DKNG stock is currently trading at $ 49.30 at 11:35 a.m. ET.
On October 19, 2021, the company, in collaboration with Foxwoods Resort Casino, launched an online and mobile sports betting and online casino in Connecticut after successfully completing required soft launch testing last week. Additionally, its Manchester-based Sportsbook has partnered 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 be keeping a close watch on DKNG stocks?
United Airlines Holdings Inc.
then, we have United Airlines Holdings or UAL for short. Overall, consumers and investors are familiar with the company and its services. For the uninitiated, today it operates one of the largest airlines in the United States. That would be in terms of the size of its flight network spanning the seven continents of the world. As it stands, UAL stock is currently trading at $ 46.12 at 11:35 a.m. ET. With gains of over 120% since its pandemic-era low, is now the time to jump into company stocks?
Well, on the one hand, CNBC’s Jim Cramer seems to believe so, claiming that UAL stock is “so clearly the one to buy right now”. According to the host of Mad Money, rising vaccination rates around the world will continue to drive demand for its air transport services. Not to mention, UAL also published encouraging results in its last fiscal quarterly report yesterday. In detail, the company revealed lower-than-expected losses of $ 1.02 per share on better-than-expected revenue of $ 7.75 billion. Overall, CEO Scott Kirby notes that UAL is “solidly on track” to meet its 2022 goals. Would all of this make UAL Stock a top-notch watch for you?
Topping our list today is Tilray. In short, the Canadian pharmaceutical company is today a heavyweight in the growing cannabis industry. In terms of global reach, the company operates in the Americas, Australia, New Zealand, Germany and Portugal. From medical applications to adult use, Tilray has an extensive portfolio of consumer marijuana products. For investors looking to invest in the eventual legalization of weed at the federal level, the TLRY stock could be a benchmark now. In addition, the current pandemic has and continues to drive consumer demand for a calming substance.
Now TLRY stock is currently trading at $ 11.35 at 11:36 a.m. ET. Since the start of the year, the company’s shares have risen 25%. Even so, Tilray doesn’t seem to be resting on its laurels yet. As of today, the company is now working with Great North Distributors, Canada’s premier national sales broker for legal adult cannabis. Through this distribution agreement, Great North is now an exclusive distributor of Tilray’s industry-leading cannabis portfolio in the Canadian market. 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’s stock?