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Top Travel Stocks To Follow Today - August 27th

Alibaba Group logo with Retail/Wholesale background

Key Points

  • Alibaba Group, SoFi Technologies, and Costco Wholesale are identified as key travel stocks to watch due to their significant trading volume recently.
  • These travel stocks are influenced by factors such as consumer confidence, economic cycles, and various external elements like fuel costs and geopolitical events.
  • Alibaba provides a wide range of services, while SoFi focuses on financial services, and Costco operates membership warehouses globally.
  • Want stock alerts on Alibaba Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Alibaba Group, SoFi Technologies, 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 operating in the travel and tourism sector—airlines, hotels, cruise lines and online booking platforms, for example. Their performance tends to track consumer confidence, economic cycles and seasonal demand, and is also sensitive to factors like fuel costs, geopolitical events or travel restrictions. 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

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

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

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