Travel and tourism are sectors of the economy during the coronavirus pandemic. The governments around the world have instituted lockdowns and travel restrictions to slow the spread of the deadly infection. If you are confident in the industry’s recovery, this might be the ideal opportunity to scoop up these stocks are still so cheap. Three high-quality travel stocks are poised for a bull run. The first pick is Southwest Airlines which is a bet on the resurgence of the U.S. While the other two picks are Carnival at https://www.webull.com/quote/nyse-ccl and Norwegian Cruise Line that are one of the based on a rebound in cruise tourism.
- Southwest Airlines
Southwest is one of the under pressure s that Warren Buffett is revealed decision to sell his position at the Berkshire Hathaway investor meeting on May 2. This news is sending the stock tumbling around 47% year to date. But while the airline industry faces are severed near-term challenges due to travel restrictions and poor consumer sentiment. Southwest has poised for a rally thanks to its robust business model and strong balance sheet.
- Carnival Corporation
Carnival is the highest-profile corporate company and it has victims of the pandemic. The CCL company is suffered several massive outbreaks of the disease on its Princess line of cruises and recorded a $731 good. It will be impairments charge in the first quarter after writing down the value of its vessels. These challenges are having sent the stock down over 70% year to date. But Carnival is enough liquidity to sail through the pandemic.
- Norwegian Cruise Line
Norwegian is the smallest of the three U.S. that are listed cruise stocks. This company is one of the hit hard by the pandemic. These Shares are one of the collapsed about 75% year to date, which is recently released a Securities and Exchange Commission filing highlighting uncertainty about its ability to continue as a going concern. The pessimism is overblown and it has created a situation where risk-tolerant investors can scoop up shares at rock-bottom prices to benefit from a rebound in the industry.
The travel and tourism industry is a high-risk and high-reward place to invest right now. This is recovery relied significantly on factors outside the companies’ direct control such as government restrictions and a potential coronavirus vaccine. But lockdowns are already easing around the world. COVD-19, with some in Phase 2 testing. If you want to know more stock information like ctl stock, you can visit at https://www.webull.com/quote/nyse-ctl.