3 Tourism Stocks to Watch as the Economy Reopens
The market is increasingly confident about a near-term resolution of the coronavirus pandemic. And while nothing is guaranteed, there may be light at the end of the tunnel. Policymakers plan to reopen the economy, and this will have a bullish effect on tourism companies that depend on visitor traffic.
Here are three tourism stocks that may be poised for a run-up as America reopens. These stocks are selected for their strong brands, liquidity, and the ability to survive with low revenue.
The first pick, Penn National Gaming (NASDAQ: PENN), is a casino operator with exposure to sports betting. Next are Carnival (NYSE: CCL), and Norwegian Cruise Line Holdings (NYSE: NCLH), cruise ship operators with enough liquidity to survive until a rebound. These companies are high risk/high reward ways for investors to bet on a tourism recovery as travel restrictions ease around the world.
Source Fool.com
