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Promising Leisure Stocks To Add to Your Watchlist - August 3rd

Royal Caribbean Cruises logo with Consumer Discretionary background

Key Points

  • Royal Caribbean Cruises and Carnival are highlighted as key leisure stocks, with Royal Caribbean having a market cap of $85.32 billion and Carnival at $33.92 billion.
  • Airbnb has seen a notable drop in stock price, trading at $128.02, reflecting sensitivity to market fluctuations and consumer sentiment.
  • Leisure stocks, including companies like Cruise lines and Hotels, are closely tied to discretionary consumer spending and are sensitive to economic cycles.
  • MarketBeat previews top five stocks to own in September.

Royal Caribbean Cruises, Carnival, and Airbnb are the three Leisure stocks to watch today, according to MarketBeat's stock screener tool. Leisure stocks are shares of publicly traded companies whose main business is providing recreational, entertainment, hospitality or travel-related services. They include firms such as theme parks, cruise lines, hotels, casinos, sports venues and media‐entertainment companies. Because they’re tied to discretionary consumer spending, leisure stocks tend to be sensitive to economic cycles and consumer confidence. These companies had the highest dollar trading volume of any Leisure stocks within the last several days.

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.

NYSE RCL traded down $3.75 during trading on Friday, hitting $314.12. 2,827,375 shares of the company traded hands, compared to its average volume of 2,165,557. Royal Caribbean Cruises has a 12 month low of $130.08 and a 12 month high of $355.91. The business has a fifty day simple moving average of $302.63 and a 200 day simple moving average of $253.95. The company has a current ratio of 0.23, a quick ratio of 0.15 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $85.32 billion, a P/E ratio of 23.55, a PEG ratio of 0.88 and a beta of 2.22.

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.

NYSE CCL traded down $0.71 during trading on Friday, hitting $29.06. 26,863,895 shares of the company traded hands, compared to its average volume of 19,550,636. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The business has a fifty day simple moving average of $26.72 and a 200 day simple moving average of $23.57. The company has a market capitalization of $33.92 billion, a P/E ratio of 15.71, a PEG ratio of 0.65 and a beta of 2.70. Carnival has a 12 month low of $13.78 and a 12 month high of $31.01.

Read Our Latest Research Report on CCL

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.

Shares of Airbnb stock traded down $4.39 during midday trading on Friday, hitting $128.02. The company had a trading volume of 5,099,194 shares, compared to its average volume of 3,253,950. The business's 50 day simple moving average is $135.13 and its two-hundred day simple moving average is $131.21. The stock has a market cap of $80.19 billion, a PE ratio of 32.33, a P/E/G ratio of 2.38 and a beta of 1.13. Airbnb has a 1-year low of $99.88 and a 1-year high of $163.93.

Read Our Latest Research Report on ABNB

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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