The Top Stocks Exploding as Global Economies Reopen

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With the global economy slowly reopening, we’re quickly finding a good deal of “blood in the street” opportunities in airline stocks, and casinos.  If the economy can successfully reopen, and stay open, these are some of the top stocks that could double with patience.

Granted, many have exploded higher. But all could see higher highs.

Airline Stocks

Top airline stocks are exploding to higher highs with “stay at home” orders being lifted.

Some of the top ones to keep an eye on include:

  • American Airlines (AAL) has exploded from $8.25 to $19.65
  • Delta Air Lines (DAL) ran from $17.51 to $35.90
  • JetBlue (JBLU) ran from $7.34 to $14.63
  • United Airlines (UAL) ran from $18.18 to $46.24
  • Southwest Airlines (LUV) rocketed from $22.46 to $39.33

Upside may continue, as Transportation Security Administration (TSA) data shows that travel demand is only rising. For the week ended May 30, the number of travelers returned to 293,144 – the highest number since May 15.

“We expect trends to continue to improve as states ease stay at home restrictions and leisure activities resume,” wrote Cowen analyst Helane Becker in a note to clients. “Airlines with whom we’ve spoken have seen modest green shoots with improvement coming in beach and mountain destinations.”

Cruise Line Stocks 

Some of the top ones to keep an eye on include:

  • Royal Caribbean (RCL) ran from $31.41 to $72.40
  • Carnival Corp. (CCL) ran from $11 to $24
  • Norwegian Cruise Line (NCLH) ran from $10 to $25 

With “stay at home” orders being lifted, global economies reopening, and a sizable jump in cruise bookings, cruise stocks have been incredibly explosive.

While the cruise industry has been hit hard by the coronavirus outbreak, much of that fear has been priced into oversold cruise stocks. Most will survive, and have become buying opportunities. Industry insiders are seeing big improvement, too.

“We are beginning to see positive signs of improvement versus the last four weeks, which is encouraging. We do feel that we may be ‘turning a corner’ and seeing signs of better booking weeks ahead,” said Michelle Fee, founder of Cruise Planners, as quoted by Travel Pulse.

Casino Stocks

Casinos will have to operate at half capacity with some events not allowed just yet.  Still, the reopening means we could see a sizable recovery in these stocks battered by the coronavirus shutdowns.  With plenty of patience, they could explode even higher.

Some of the top ones include:

  • Penn National Gaming (PENN) ran from $14.20 to $34.61
  • Caesars Entertainment (CZR) ran from $9.04 to $12.31
  • MGM Resorts (MGM) ran from $12 to $23
  • Wynn Resorts (WYNN) ran from $70 TO $105.31
  • Las Vegas Sands (LV) ran from $42.50 to $56

 

 

 

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