From Nasdaq, Inc.:

The consumer discretionary sector is making a comeback, with 23 companies currently coveting spots in the coveted Zack Rank #1 list. The Zacks Leisure and Recreation Services Industry is starting to stand out, with 32% of over 250 Zacks industries. This article discusses two highly ranked stocks that are projected to move higher as spring and summer approach.

Miami-based Royal Caribbean Cruises looks promising as it owns the world’s largest cruise ship and has 26 vessels. Despite a dip in shares, the company’s growth has been able to fend off the cyclical nature of the cruise industry. Royal Caribbean’s fiscal 2024 earnings are forecasted to climb 42% to $9.65 per share, with another 19% increase in FY25.

Royal Caribbean’s stock valuation is attractive as it’s trading at 12.2X forward earnings and 1.9X forward sales. Furthermore, the Average Zacks Price Target of $135.21 a share implies 15% upside from current levels. Trip.com, similar to Expedia in the United States, is a one-stop travel service company in China. The company expects high double-digit growth and reasonable valuation at 14.7X forward earnings.

Trip.com shares are up 8% over the last year and are expected to climb an additional 15% YTD. The Average Zacks Price Target of $49.67 a share suggests a 21% upside. Earnings estimate revisions are starting to trickle higher for Royal Caribbean and Trip.com, making now an ideal time to buy their stocks.

Experts have distilled 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys, with an average gain of +24.0% per year. The 7 Best Stocks for the Next 30 Days have beaten the market for the last 34 years, making them an investment worth considering.

Source: Zacks Investment Research



Read more: 2 Highly Ranked Stocks to Buy Before the Spring & Summer Approach