Promising Leisure Stocks To Research - August 2nd

Key Points

• Royal Caribbean Cruises, Carnival, and Airbnb are highlighted as significant leisure stocks to monitor, driven by high trading volumes and consumer discretionary spending patterns.
• Royal Caribbean's stock recently traded down to $314.12 with a market cap of $85.32 billion and has a 52-week range of $130.08 to $355.91.
• Carnival Corporation and Airbnb also experienced stock declines, with Carnival reaching $29.06 and Airbnb at $128.02, showcasing the volatility in the leisure sector amidst economic uncertainties.

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 that provide recreation, travel and entertainment services—such as hotels, resorts, cruise lines, theme parks and casinos. Because these businesses rely heavily on consumers’ discretionary spending, their stock prices tend to be cyclical and sensitive to broader economic conditions and shifts in 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.

Royal Caribbean Cruises stock traded down $3.75 during mid-day trading on Friday, reaching $314.12. 2,827,375 shares of the company's stock were exchanged, compared to its average volume of 2,165,557. The business's fifty day simple moving average is $302.63 and its 200 day simple moving average is $253.80. The firm has a market capitalization of $85.32 billion, a PE ratio of 23.55, a P/E/G ratio of 0.89 and a beta of 2.22. Royal Caribbean Cruises has a one year low of $130.08 and a one year high of $355.91. The company has a quick ratio of 0.15, a current ratio of 0.23 and a debt-to-equity ratio of 1.88.

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.

Carnival stock traded down $0.71 during mid-day trading on Friday, reaching $29.06. 26,863,895 shares of the company's stock were exchanged, compared to its average volume of 19,550,636. The business's fifty day simple moving average is $26.72 and its 200 day simple moving average is $23.58. The firm has a market capitalization of $33.92 billion, a PE ratio of 15.71, a P/E/G ratio of 0.67 and a beta of 2.70. Carnival has a one year low of $13.78 and a one year high of $31.01. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58.

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.

Airbnb stock traded down $4.39 during mid-day trading on Friday, reaching $128.02. 5,099,194 shares of the company's stock were exchanged, compared to its average volume of 3,253,950. The business's fifty day simple moving average is $135.13 and its 200 day simple moving average is $131.22. The firm has a market capitalization of $80.19 billion, a PE ratio of 32.33, a P/E/G ratio of 2.46 and a beta of 1.13. Airbnb has a one year low of $99.88 and a one year high of $163.93.

Read Our Latest Research Report on ABNB

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