As to the stock market, these are the best of times. Period. The bull market is healthy, consumers are buying again, and there are dozens of quality growth stocks hitting new highs. I’m talking clothing, restaurants, entertainment, even automotive accessories. But today I want to focus on travel.
Just two weeks ago, in her edition of Cabot Wealth Advisory, Elyse Andrews had positive recommendations for both Priceline (PCLN) and UAL Corp. (UAUA), the parent company of United Airlines.
Since then, UAUA has done nothing; it’s continuing to build a base at 20, and still has great potential. (Note: If you dislike flying for any reason, including dirty airplanes, unruly crowds, bad food, long waits and lousy service, try to ignore those feelings. The stock doesn’t care about your feelings).
Meanwhile, PCLN has vaulted ahead more than 20 points, topping 260. I think it will go higher still, and if that high price seems too rich for you, I suggest you just buy fewer shares.
And today one more travel stock popped into view, earning a spot in Cabot Top Ten Report. It’s a major hotel company with nearly $5 billion in revenues, and it’s very well managed. The company makes a profit every year, and even pays a small dividend. Still, in the Great Recession of 2008-2009, investors tossed the stock in the garbage bin with other travel stocks, as businesspeople and vacationers alike simply stopped traveling.
But this year the stock is roaring back. The latest quarter saw surprisingly good earnings. Institutions are flooding back into the stock. It’s a powerful turnaround story! And if you’d like to get the full story, you can get it by taking a no-risk trial subscription to Cabot Top Ten Report. Simply click here.