Promising Travel Stocks To Consider - August 23rd

Key Points

• MarketBeat identifies Costco, SoFi Technologies, Alibaba Group, Booking, and American Express as the top five travel stocks to watch, indicating strong consumer spending trends in the travel and tourism sector.
• Travel stocks are influenced by factors such as economic cycles, consumer confidence, fuel costs, and global travel trends, reflecting their volatility and investment potential.
• These companies recorded the highest dollar trading volumes in the travel sector, suggesting increased investor interest and activity in their stocks recently.

Costco Wholesale, SoFi Technologies, Alibaba Group, Booking, and American Express are the five Travel stocks to watch today, according to MarketBeat's stock screener tool. Travel stocks are shares of publicly traded companies whose primary business is in the travel and tourism sector, including airlines, hotels, cruise lines, car rental firms and online travel agencies. They give investors exposure to consumer spending on transportation, lodging and leisure services, and their performance typically hinges on economic cycles, consumer confidence, fuel costs and global travel trends. These companies had the highest dollar trading volume of any Travel stocks within the last several days.

Costco Wholesale (COST)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

Read Our Latest Research Report on COST

SoFi Technologies (SOFI)

SoFi Technologies, Inc. provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

Read Our Latest Research Report on SOFI

Alibaba Group (BABA)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

Read Our Latest Research Report on BABA

Booking (BKNG)

Booking Holdings Inc, formerly The Priceline Group Inc., is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

Read Our Latest Research Report on BKNG

American Express (AXP)

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.

Read Our Latest Research Report on AXP

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