The global economy was hurt hard by the coronavirus pandemic, particularly travel, restaurants, and movie theaters. Analysts say now is the best moment to invest in stocks that are still suffering from the pandemic’s effects but are projected to recover over time. In 2020, the global tourism industry will have lost nearly $4.5 trillion. For long-term investors, airline stocks are a smart place to start. Analysts feel that buying certain restaurant stocks could be a good way to profit from the economic rebound. In 2021, the Dow Jones U.S. Restaurants & Bars Index increased by 14.5 percent.
Insider Monkey analyzes the list of the 15 best reopening stocks to buy now. Ryder System, Inc. is a logistics firm based in the United States that is best known for renting out its fleet of commercial trucks. The corporation administers about 235,000 commercial cars in the United States, Canada, Mexico, and the United Kingdom. Burger King, Tim Hortons, and Popeyes are all owned by Restaurant Brands International Inc. As unit growth recovers to pre-pandemic levels, RBC Capital sees potential development in all three of the company’s brands. Realty Income Corporation is a single-tenant commercial real estate investment trust (REIT) that invests in single-tenant properties. The company’s portfolio includes 6,761 properties in more than 50 states across the United States, as well as in Canada. The post-pandemic rebound for American Airlines Group Inc. seems promising. Operating revenue during the second quarter of 2021 was $7.5 billion, up from $1.6 billion the year before. In over 50 countries, the company operates roughly 6,700 flights per day. Abercrombie & Fitch Co. is a casual-wear-focused lifestyle retailer. According to Jefferies, the company’s transition to a digitally-led global business model has increased digital sales by 52 percent in the last year. Chipotle Mexican Grill, Inc. is a fast-casual restaurant business with locations in the United States, the United Kingdom, Canada, Germany, and France. Tacos and burritos are among the chain’s Mexican-inspired dishes. Crocs, Inc. is a leading footwear company in the world. The company is well-known among middle and high school students in the United States. Crocs predicts a revenue increase of 60 percent to 65 percent in FY21, compared to 2020 revenues. For more details, click 15 Best Reopening Stocks To Buy Now.
Unsplash
