Are These Top Leisure Stocks On Your September 2021 Watchlist?
While the broader stock market looks for direction amidst uncertainty about the direction of the economy, leisure stocks stand out. For starters, this could be thanks to the overall momentum we are seeing throughout the current earnings season. Naturally, as more consumers get fully vaccinated, leisure companies with in-person offerings would see greater traffic. Accordingly, casino companies such as Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) continue to gain in the stock market today. On top of that, there is also the factor of the rising popularity of online gambling services which most major names in the industry are offering now.
Meanwhile, the more stay-at-home part of the industry seems to be thriving as well. We could take a look at the top marijuana stocks in the market to see this. The likes of Cresco Labs (OTCMKTS: CRLBF) and GrowGeneration (NASDAQ: GRWG) are up by over 300% since their pandemic era lows. With the movement to legalize weed at the federal level, some would argue that the industry still has room to run. By and large, there seem to be viable plays across the board among leisure stocks now. With this in mind, could one of these companies be top picks in the market now?
Best Leisure Stocks To Watch Right Now
- Walt Disney Company (NYSE: DIS)
- Roblox Corporation (NYSE: RBLX)
- Airbnb Inc. (NASDAQ: ABNB)
- FuboTV Inc. (NYSE: FUBO)
- Tilray Inc. (NASDAQ: TLRY)
Walt Disney Company
Disney is a leisure company that focuses on mass media and entertainment. It has headquarters in California and established itself as a leader in the animation industry before diversifying into live-action film production, streaming, and theme parks. The company strives to entertain and inspire people around the globe through its unparalleled storytelling and visuals. DIS stock is currently $176.94 as of 11:07 a.m. ET and is up by over 34% in the past year.
On August 12, 2021, the company reported its third-quarter financials. First off, revenue for the quarter was $17.02 billion, a 45% increase year-over-year. It continues to introduce exciting new experiences at its parks and resorts worldwide while its direct-to-consumer business is also performing very well.
Notably, it has nearly 174 million subscriptions across Disney+, ESPN+, and Hulu at the end of the quarter. It also has a host of new content coming to its platforms. For these reasons, do you think DIS stock is a top leisure stock to consider adding to your watchlist right now?
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Roblox Corporation
Roblox is a video game developer based in San Mateo, California. The company is powered by a global community of millions of developers who produce their own immersive multiplayer experiences using Roblox Studio, its intuitive desktop design tool. It is ranked as one of the top online entertainment platforms for audiences under the age of 18 based on average monthly visits and time spent. RBLX stock currently trades at $86.84 as of 11:08 a.m. ET.
Last Monday, the company also reported a strong second quarter. Firstly, it reported a revenue increase of 127% to $454.1 million for the quarter. “Our continued growth demonstrates the importance of our mission and the power of our platform,” said David Baszucki, Chief Executive Officer of Roblox. “These results are fueled both by our creator ecosystem and by the millions of people around the globe who want to connect and share new experiences every day on Roblox.”
Secondly, the company reported that its average daily active users (DAUs) were 43.2 million, an increase of 29% year-over-year. With that in mind, will you consider adding RBLX stock to your watchlist?
Airbnb Inc.
Airbnb is a company that operates an online marketplace for lodging, primarily homestays for vacation rentals and tourism activities. The company has over 4 million hosts who have welcomed more than 900 million guest arrivals across over 220 countries and regions. ABNB shares were up by over 10% in the last 5 trading sessions and currently trades at $155.30 apiece as of 11:08 a.m. ET. Investors could be responding positively to a recent PR move by the company.
The company on Tuesday announced that it would provide temporary housing to 20,000 Afghan refugees worldwide. On top of that, the company had analysts from DA Davidson reiterating a buy rating and $174 price target on the stock.
In its second quarter, Airbnb had revenue of $1.3 billion, up by nearly 300% year-over-year. Impressively, it has also surpassed pre-pandemic levels by 10% as travel recovery accelerated. All things considered, will you consider watching ABNB stock right now?
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FuboTV Inc.
Another name to consider in the leisure industry now would be Fubo. In brief, Fubo primarily offers consumers access to a massive library of sports content via its FuboTV streaming platform. Through this channel, subscribers have over 40 channels to choose from. This ranges from premium live sports and entertainment programming to news and family-focused content. Notably, Fubo is also looking to introduce an interactivity element to its services with live sports betting services. With the company’s leading position in the sports content streaming space, investors could be eyeing FUBO stock now.
As it stands, the company’s shares currently trade at $26.77 as of 11:08 a.m. ET. This would be after gaining by over 180% in the past year. The real question now is whether FUBO stock still has more room to run moving forward.
Well, for one thing, the company appears to be hard at work expanding its current offerings. Namely, Fubo is now working with Curiosity (NASDAQ: CURI) through a multi-year distribution partnership. As a result, the linear programming-based Curiosity Channel is now available to Fubo viewers in the U.S. Could all of this make FUBO stock a top leisure stock for you?
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Tilray Inc.
Last but not least, we will be taking a look at Tilray. Overall, the company is a leading presence in the global cannabis industry today. Through its portfolio, the company offers customers a massive array of cannabis lifestyle and consumer packaged goods. For a sense of scale, the company’s operations span Canada, The U.S., Latin America, Australia, and Europe. Now, TLRY stock is trading at $13.26 as of 11:09 a.m. ET. Would this make it worth buying?
For the most part, Tilray does not seem to be slowing down anytime soon. Just this month, the company has made significant plays, building its presence in both the Canadian and U.S. markets. For starters, Tilray launched a new line of medical cannabis edibles on August 5 in Canada.
In theory, this would appeal to potential clients looking for alternate methods of weed consumption. Following that, the company also established a majority position in MedMen, a U.S.-based cannabis retailer. With Tilray kicking into high gear, will you be keeping an eye on TLRY stock?
