10 Best Summer Stocks to Buy Now
The COVID-19 pandemic caused the cancellation of summer vacation plans in 2020. Travel destinations worldwide had 1 billion fewer international visitors in 2020, which caused a direct impact on the booking, entertainment, airlines, cruises, and hotel stocks. The tourism and entertainment companies, including digital travel firm Expedia Group, Inc. (NASDAQ: EXPE), airline company Delta Air Lines, Inc. (NYSE: DAL), and Disneyland owner The Walt Disney Company (NYSE: DIS), experienced difficult times in 2020 and lost billions in revenues due to the coronavirus outbreak.
However, the mass rollouts of COVID-19 vaccines worldwide has investors hopeful for a strong recovery. According to a poll conducted by travel insurance company Allianz Partners USA, 67% of participants believe that getting the COVID-19 vaccine will make them feel comfortable enough to travel again this year. The widespread roll-out of vaccines also boosted the demand for international