Leisure Stocks To Keep An Eye On - October 16th

Key Points

• Three leisure stocks to watch include Airbnb, Royal Caribbean Cruises, and Carnival, which have shown the highest dollar trading volume recently.
• Leisure stocks are influenced by discretionary consumer spending and typically experience greater growth in strong economies, but also increased volatility during downturns.
• Airbnb operates a platform for booking stays and experiences, while Royal Caribbean and Carnival focus on the cruise industry with multiple brands and a significant number of ships.

Airbnb, Royal Caribbean Cruises, and Carnival are the three Leisure stocks to watch today, according to MarketBeat's stock screener tool. Leisure stocks are shares of companies that provide recreational goods and services—such as hotels, resorts, cruise lines, casinos, theme parks, airlines, restaurants, and sports or entertainment operators—whose revenue depends on discretionary consumer spending. They are typically cyclical and sensitive to economic conditions, seasonality, and travel or consumer trends, which can produce higher growth in strong economies but greater volatility and downside risk during downturns. These companies had the highest dollar trading volume of any Leisure stocks within the last several days.

Airbnb (ABNB)

Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.

Read Our Latest Research Report on ABNB

Royal Caribbean Cruises (RCL)

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.

Read Our Latest Research Report on RCL

Carnival (CCL)

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

Read Our Latest Research Report on CCL