2 Top Vacation Stocks to Watch in August
There hasn't been much good news for vacation stocks. While many travel and entertainment companies were able to open their doors for the summer season, it remains to be seen how well business is going to bounce back amid the continued spread of COVID-19.
Disney (NYSE: DIS) and SeaWorld Entertainment (NYSE: SEAS) both operate theme parks that were closed for more than two months during the pandemic but have since reopened. Both companies released earnings this month detailing how they've been faring as parks reopen, and investors are waiting cautiously to see how much improvement they can expect going forward.
The king of entertainment has had a rough few months. One of its main revenue drivers, the parks and experiences business, came to a screeching halt as vacation-goers stayed home. However, Disney operates a diverse assortment of services that helped cushion the blow from this segment.
Source Fool.com
