7 Travel Stocks to Buy as Summer Kicks Into High Gear - 1 of 7

#1 - Southwest Airlines (NYSE:LUV)

Southwest Airlines logo

The first stock on our list of travel stocks to buy now is Southwest Airlines (NYSE: LUV). When the pandemic was first shutting down travel throughout the world, I forecast that Southwest would be one of the stronger airline stocks coming out of the pandemic.

Southwest’s strong balance sheet (the company has approximately $15 billion in liquidity) has allowed it to add routes – it has 18 new routes since prior to the pandemic. And that leads to another reason why I like LUV stock. To take a slogan from real estate, it’s about location, location, location. With small exclusions, the airline flies exclusively in the United States. This is critical because it appears that international travel is likely to remain suppressed.

And the airline has always been known as a budget-friendly airline which will still be important even as consumers are flush with stimulus cash.

LUV stock has experienced a sharp sell-off in June, but that should just make it an even more attractive buy for investors who are looking to find value and growth in the travel sector.

About Southwest Airlines
Southwest Airlines Co engages in the management of a passenger airline. It offers ancillary services such as earlybird check-in, upgraded boarding, and transportation of pets and unaccompanied minors. The firm operates in U.S. states, District of Columbia, the Commonwealth of Puerto Rico, Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.Read More 

Current Price: $52.32
Consensus Rating: Buy
Ratings Breakdown: 16 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $59.66 (14.0% Upside)

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