Though the hot summer is over, travel stocks are heating up. The bounce-back in consumer spending is pushing airline stocks and related services higher.
And it's fueling our top travel stock of 2019.
In fact, with rock-solid cash flow and earnings growth, this might be one of our favorite breakout stocks in the year ahead. But there's plenty more driving it up.
This is the second fastest-growing sector in the world behind manufacturing. That means it beat healthcare, financial services, and information technology.
Numbers from the World Travel and Tourism Council (WTTC) say travel tourism grew 3.9% in 2018, providing $8.8 trillion and 319 million jobs globally. The WTTC predicts that it will be adding more than 100 million new jobs to the world economy in the next 10 years – that's 421 million total jobs by 2029.
A bigger travel industry means more booking. And trends in online booking and international travel will no doubt provide a windfall for our best travel stock.
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While investors glossed over this stock, we found it using the Money Morning Stock VQScore™ system.
This proprietary rating system digs deep into the balance sheets and fundamentals of thousands of companies. Then it assigns every company a rating of 1 to 4.9.
The score is simple. If it registers above 4, you buy the stock and prepare for the breakout.
Our travel stock pick has a score above 4. In fact, it's a near-perfect VQScore.
And we want to make sure you're in the know early, because it could rise quickly. It's in the "Buy Zone." But with the travel industry growing so fast, it might not be for long…
The Best Travel Stock in 2019
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.