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The Zacks Analyst Blog Highlights: OneWater Marine, Pool Corp, Mastercraft Boat Holdings and YETI Holdings
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For Immediate Release
Chicago, IL – June 9, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: OneWater Marine Inc. (ONEW - Free Report) , Pool Corporation (POOL - Free Report) , Mastercraft Boat Holdings, Inc. (MCFT - Free Report) and YETI Holdings, Inc. (YETI - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
4 Leisure Stocks to Buy as Economy Reopens Further
The leisure and recreation industry has been one of the biggest casualties of the pandemic but things finally seem to be looking up with restrictions eased and bans on travel being lifted.
Jobless claims have been on a decline for the past few weeks, which indicates that economic reopening is creating more employment. In May, the leisure and hospitality industry added the maximum number of jobs among all others.
Leisure and Recreation Industry Turning Around
The leisure and recreation industry caters mostly to outdoor activities and depends largely on overall economic conditions. It got a much-needed boost last month when the Centers for Disease Control and Prevention (CDC) started lifting bans on travel and eased many restrictions.
With the vaccination drive in full swing, people are feeling a lot more confident to go out. This has seen the CDC taking some bold decisions such as fully vaccinated Americans no longer required to wear masks either indoors or outdoors. Also, people need not go for a mandatory COVID-19 test before flying or quarantine after flying.
Given the improved scenario, more people are traveling and making plans for summer. Public entertainment joints have also finally started attracting more footfall. Air travel too is increasing, giving a huge relief to the airlines. The leisure and recreation industry is thus set to finally get a boost.
Industry Poised to Grow
The Transportation Security Administration screened more than 7.1 million passengers between May 27 and Jun 1 for Memorial Day weekend. This was the highest traffic since March 2020.
Jobs are being created in the leisure and recreation industry. According to the Labor Department, leisure and hospitality added 292,000 jobs in May, which indicates that the industry is expecting a rebound and is filling in positions before bookings pick up.
Our Choices
It would be prudent to invest in these leisure and recreation stocks with reopening taking place on a wider scale and people's confidence getting a shot in the arm. We have picked five stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) that are poised to benefit in the near term. You can see the complete list of today's Zacks #1 Rank stocks here.
OneWater Marine is a premium recreational boat retailer functioning principally in the United States. It offers products and services, which include the sale of new and pre-owned boats, parts and accessories, finance and insurance products, maintenance and repair services, and ancillary services.
The company's expected earnings growth rate for the current year is 54.9%. The Zacks Consensus Estimate for current-year earnings has improved 31.1% over the past 60 days. OneWater Marines sports a Zacks Rank #1.
Pool Corp. is the world's largest wholesale distributor of swimming pool supplies, equipment and related products. In addition, the company is a leading regional wholesale distributor of irrigation and landscape products.
The company's expected earnings growth rate for the current year is 38.4%. The Zacks Consensus Estimate for current-year earnings has improved 22.8% over the past 60 days. Pool Corporation has a Zacks Rank #1.
Mastercraft Boat Holdings designs, manufactures and markets recreational powerboats through its subsidiaries. The company's operating segment consists of MasterCraft and NauticStar.
The company's expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 18.6% over the past 60 days. Mastercraft Boat carries a Zacks Rank #2.
YETI Holdings designs, markets and distributes products for the outdoor and recreation market under the YETI brand primarily in the United States. The company's products are designed for use in outdoor activities, including hunting, fishing, camping, barbecue, and farm and ranch activities among others.
The company's expected earnings growth rate for the current year is 26.2%. The Zacks Consensus Estimate for current-year earnings has improved 8.8% over the past 60 days. The company has a Zacks Rank #2.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: OneWater Marine, Pool Corp, Mastercraft Boat Holdings and YETI Holdings
For Immediate Release
Chicago, IL – June 9, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: OneWater Marine Inc. (ONEW - Free Report) , Pool Corporation (POOL - Free Report) , Mastercraft Boat Holdings, Inc. (MCFT - Free Report) and YETI Holdings, Inc. (YETI - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
4 Leisure Stocks to Buy as Economy Reopens Further
The leisure and recreation industry has been one of the biggest casualties of the pandemic but things finally seem to be looking up with restrictions eased and bans on travel being lifted.
Jobless claims have been on a decline for the past few weeks, which indicates that economic reopening is creating more employment. In May, the leisure and hospitality industry added the maximum number of jobs among all others.
Leisure and Recreation Industry Turning Around
The leisure and recreation industry caters mostly to outdoor activities and depends largely on overall economic conditions. It got a much-needed boost last month when the Centers for Disease Control and Prevention (CDC) started lifting bans on travel and eased many restrictions.
With the vaccination drive in full swing, people are feeling a lot more confident to go out. This has seen the CDC taking some bold decisions such as fully vaccinated Americans no longer required to wear masks either indoors or outdoors. Also, people need not go for a mandatory COVID-19 test before flying or quarantine after flying.
Given the improved scenario, more people are traveling and making plans for summer. Public entertainment joints have also finally started attracting more footfall. Air travel too is increasing, giving a huge relief to the airlines. The leisure and recreation industry is thus set to finally get a boost.
Industry Poised to Grow
The Transportation Security Administration screened more than 7.1 million passengers between May 27 and Jun 1 for Memorial Day weekend. This was the highest traffic since March 2020.
Jobs are being created in the leisure and recreation industry. According to the Labor Department, leisure and hospitality added 292,000 jobs in May, which indicates that the industry is expecting a rebound and is filling in positions before bookings pick up.
Our Choices
It would be prudent to invest in these leisure and recreation stocks with reopening taking place on a wider scale and people's confidence getting a shot in the arm. We have picked five stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) that are poised to benefit in the near term. You can see the complete list of today's Zacks #1 Rank stocks here.
OneWater Marine is a premium recreational boat retailer functioning principally in the United States. It offers products and services, which include the sale of new and pre-owned boats, parts and accessories, finance and insurance products, maintenance and repair services, and ancillary services.
The company's expected earnings growth rate for the current year is 54.9%. The Zacks Consensus Estimate for current-year earnings has improved 31.1% over the past 60 days. OneWater Marines sports a Zacks Rank #1.
Pool Corp. is the world's largest wholesale distributor of swimming pool supplies, equipment and related products. In addition, the company is a leading regional wholesale distributor of irrigation and landscape products.
The company's expected earnings growth rate for the current year is 38.4%. The Zacks Consensus Estimate for current-year earnings has improved 22.8% over the past 60 days. Pool Corporation has a Zacks Rank #1.
Mastercraft Boat Holdings designs, manufactures and markets recreational powerboats through its subsidiaries. The company's operating segment consists of MasterCraft and NauticStar.
The company's expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 18.6% over the past 60 days. Mastercraft Boat carries a Zacks Rank #2.
YETI Holdings designs, markets and distributes products for the outdoor and recreation market under the YETI brand primarily in the United States. The company's products are designed for use in outdoor activities, including hunting, fishing, camping, barbecue, and farm and ranch activities among others.
The company's expected earnings growth rate for the current year is 26.2%. The Zacks Consensus Estimate for current-year earnings has improved 8.8% over the past 60 days. The company has a Zacks Rank #2.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.