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Promising Travel Stocks To Watch Now - August 31st

Alibaba Group logo with Retail/Wholesale background

Key Points

  • Alibaba Group, Affirm, and Costco Wholesale are identified as key travel stocks to watch, reflecting their recent high trading volumes.
  • Travel stocks are generally more volatile due to fluctuating consumer demand, influenced by economic conditions and global events.
  • Each company operates in diverse sectors, with Alibaba focusing on e-commerce, Affirm specializing in digital payments, and Costco providing a wide range of membership warehouse products.
  • MarketBeat previews the top five stocks to own by October 1st.

Alibaba Group, Affirm, and Costco Wholesale are the three Travel stocks to watch today, according to MarketBeat's stock screener tool. Travel stocks are shares of companies whose primary business is travel and tourism—such as airlines, hotels, cruise lines, car-rental firms and online booking platforms. Because consumer demand for travel fluctuates with economic conditions, seasonality, fuel prices and geopolitical events, these stocks can be more volatile than the broader market but may offer strong upside when tourism and business travel rebound. These companies had the highest dollar trading volume of any Travel stocks within the last several days.

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

Affirm (AFRM)

Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.

Read Our Latest Research Report on AFRM

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

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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