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Top Travel Stocks To Follow Now - August 30th

Alibaba Group logo with Retail/Wholesale background

Key Points

  • Alibaba Group, Affirm, and Costco Wholesale are identified as top travel stocks to watch, driven by high trading volumes recently.
  • These travel stocks are influenced by factors such as consumer travel demand, economic cycles, and global events.
  • Alibaba provides a range of services through its subsidiaries, while Affirm focuses on digital payment solutions and Costco operates membership warehouses globally.
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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 publicly traded companies whose primary business is facilitating travel and tourism—this includes airlines, hotel and resort operators, cruise lines, car rental firms, and online booking platforms. Their performance tends to track consumer travel demand, economic cycles, fuel costs, and global events like geopolitical developments or health crises. 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

Further Reading

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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