Hey there, Extreme Investors! As we head into the summer months, it’s the perfect time to look at investment opportunities in the travel sector. With consumers gearing up for beach and mountain vacations, a collection of travel-related stocks is poised to benefit from this trend.
One key ETF to consider is the Invesco Dynamic Leisure and Entertainment ETF (PEJ). While it may have lagged behind the broader S & P 500 this year, analysts are optimistic about several stocks within the fund, such as Las Vegas Sands and Marriott Vacations. Las Vegas Sands, for example, has seen its shares decline in 2024, but analysts believe there is significant upside potential ahead, with price targets implying nearly 40% gains.
Marriott Vacations is another stock to keep an eye on, with the company surpassing Wall Street’s expectations in the first quarter of the year. Analysts are bullish on Marriott Vacations, with consensus price targets suggesting a 22% increase in the near future.
In addition to these two companies, Hilton Grand Vacations is also worth considering, with analysts forecasting over 36% upside in the coming year. JPMorgan analyst Ryan Lambert even initiated coverage on the stock with an overweight rating and a $59 per share price target, implying a 43% increase.
Other leisure and entertainment stocks to watch include Eventbrite and Madison Square Garden Sports. With the summer travel season upon us, now is the time to explore investment opportunities in this sector.
Stay tuned to Extreme Investor Network for more unique insights and tips on investing in the stock market! Happy investing!