Hobby stocks to check on the stock market this week
Leisure stocks, especially those involving outdoor activities and travel, have fallen on hard times during the pandemic. With the economy warming and international travel resuming, is it time to compile a list of top leisure stocks to buy? On the one hand, the leisure industry remains a key industry in the world today. Given the stressors of the pandemic associated with everyday life, consumers would be keen to relax and spend more on their leisure needs.
Of course, you could argue that the current tension between Russia and Ukraine may have shaken investor confidence in the market. Yet many investors don’t seem to believe the possibility of the war dragging on into the summer months. And the relative discounts from their highs could be one of the reasons investors are turning bullish in some of the top hobby stocks in the stock market right now. That said, do you have these five hobby stocks on your watch list right now?
Hobby stocks to buy [Or Sell] Currently
Starting today is Trip.com, a leading online travel agency that serves as a one-stop travel platform. It integrates a full suite of travel products and services and differentiated travel content. Impressively, it is currently one of the largest online travel agencies in China and also one of the largest travel service providers in the world. Just this month, the company released its annual financial statements for fiscal year 2021.
To start, net revenue for the year was $3.1 billion, representing a 9% year-over-year increase in revenue. Additionally, revenue from accommodation bookings was $1.3 billion, up 14% from 2020. That’s 41% of total revenue, a pretty big chunk. Executive Chairman James Liang added: “Over the past year, we have further expanded our product offerings and enhanced our content capabilities, paving the way for our long-term sustainable growth. Going forward, we will continue to focus on resuming business in China’s domestic market while remaining ambitious with our overall vision for the global reopening of travel.“Given the rate of growth of the company, would you invest in TCOM stock?
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winnebago is a dealer of motorhomes. In fact, it is one of the leading manufacturers of outdoor products under various brands such as Grand Design, Newmar and the recently acquired Barletta. Its products are intended for leisure travel and outdoor activities. The company has several facilities across the country and builds quality motorhomes, travel trailers and commercial convenience vehicles. This month, the company released financial results for its second quarter of fiscal 2022.
Diving in, the company posted an impressive revenue increase of $1.2 billion, up 38.7% for the quarter. Organic growth was also impressive, increasing by 29.4% over the previous year. Subsequently, adjusted earnings per share were reported at $3.14, up 42% from a year earlier. The company credits strong and sustained consumer demand for its strong performance in the second quarter. Moving on, Winnebago is confident that it is achieving sustained market share gains and profitable growth across its portfolio. And on that note, would you add WGO stocks to your portfolio?
after it is Cresco Laboratories. In short, the company focuses on the production of recreational and medical cannabis products. It is notably one of the largest vertically integrated cannabis and medical marijuana companies in the United States. According to Cresco Labs, its retail operations span ten US states where medical consumption is legal. Given the company’s current footprint in the United States, CRLBF stock might be useful to know now.
This month it was reported that Cresco was to buy out its rival Care British Columbia (OTCMKTS: CCHWF) for a staggering $2 billion. Impressively, this acquisition makes Cresco the leading US cannabis producer in the industry. Clearly, Cresco executives said the combined strengths of the two companies have the potential to be a brand that could be compared to brands like Coca Cola (NYSE: KO) or Johnnie Walker. Not to mention, this deal would also help the company dominate a market that could reach $46 billion in sales by 2026. With this massive acquisition in place, is CRLBF stock a buy?
Roku pioneer of streaming to television (TV). And for the most part, the company’s mission is to be the TV streaming platform that connects the entire TV ecosystem across the globe. Today, Roku streaming devices are available to consumers in North America, Latin America, and parts of Europe, including the UK, Ireland, and France. Additionally, by giving consumers the content they love, Roku can monetize large audiences and provide advertisers with unique capabilities to engage consumers.
Last month, Roku announced its membership and participation in Sound Hub Denmark, a world-class sound and acoustics growth hub. Roku will join other members including Bang & Olufsen, Harman and Dynaudio to provide coaching and mentoring. In addition, he would also present topics regarding home theaters and auditions at Sound Hub Denmark events. Overall, this seems like a step in the right direction as the company continues to plan for long-term growth. With that in mind, would you consider adding ROKU stocks to your watchlist?
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we close is Expedia, an online travel agency that serves consumers and small businesses in the travel industry. Through its wide array of websites, consumers have access to Expedia’s travel fare aggregators and meta travel search engines. As countries around the world begin to reopen their borders to welcome travelers, I can understand why investors may be keen to invest in EXPE shares.
On February 28, IHG Hotels & Resorts announced that Expedia is now a preferred wholesale rate redistributor for its properties. This will be facilitated by Expedia’s Optimized Distribution Preferred program. As a result, the program will solve the challenges of the wholesale distribution market by creating a solution for IHG and its B2B demands. This aims to reduce costs, generate additional revenue for hotels, as well as provide accurate content and better rates to guests. So, do you think EXPE stock has more wiggle room?