Leisure Stocks Show Strength From Pent-Up Demand
Rick Shea submits:
It has been a long, tough winter in most parts of the country. Record snowfalls and blizzard conditions are finally giving way to spring break trips and travel to sunny destinations. Consumers are also more optimistic on the job front, so they are willing to spend on those family vacations that they have put off for the last few years.
This increased optimism is helping to drive leisure stocks to strong gains so far in 2011.The leisure sector is currently ranked #19 in IBD’s ranking of all market sectors and is sporting a year to date gain of +12.7% for the total basket of stocks. Investors are of course looking for the next Priceline (PLCN) or Netflix (NFLX). Both stocks are up dramatically since we recommended this time last year in our market leaders article on April 26, 2010. Both qualify as “category killers,” stocks that revolutionize their industries throughComplete Story »