I get spring fever pretty bad. I can only take so much winter, so much cold weather and so much time inside. When the wind finally shifts and the sun comes out, I have to get out and stretch my legs or get on a road trip.
This spring was no different as I gassed the up car and headed south for some fun in the sun in Vero Beach, Florida.
Lots of people do the same. Spring break isn’t just for frat boys and college coeds. It’s also a great time for family vacations and trips to the beach.
With this in mind, I’m taking a look at which stocks may benefit the most from the urge to get outside and enjoy the nice weather as the sun returns to reintroduce itself.
Here are three stocks to add for spring break:
AMC Entertainment Holdings Inc (NYSE:AMC)
While most of us are itching to get outside, that doesn’t mean you can’t take a trip to the local movie theater. This week’s big release was Furious 7, the last in the long line of Fast & Furious movies.
You can expect over-the-top stunts and jaw dropping cars whipping around the screen, which could be good news for companies like AMC Entertainment Holdings Inc (NYSE:AMC). AMC is a Zacks Rank #1 (Strong Buy) with a momentum style score of A.
The chart is one of the most encouraging parts of this story. AMC has rallied up from near $20 in October to fresh high this year of $36.13.
Since then as the market has pulled back a bit, AMC has taken a breather but has held its own from a relative strength basis. AMC has remained in an uptrend with the Commodity Channel Index above the zero line.
Vail Resorts, Inc. (NYSE:MTN)
For adventurous types, maybe the beach isn’t your thing. Maybe you’re looking to spend this time carving up the mountain before the snow melts.
If you’re heading to Colorado take a look at Vail Resorts, Inc. (NYSE:MTN). This Zacks Rank #2 (Buy) has a Growth Style Score of A. Vail Resorts is one of the leading resort operators in North America.
Vali Resorts’ operations are grouped into two segments: Resort and Real Estate.
Most of the bullishness for MTN stock is focused on the current year and next year’s earnings estimates. Four analysts have revised to the upside for the current year and next year.
The collective revisions have pushed up consensus for the current year from $2.68 to $3.28. Next year’s numbers have jumped from $3.02 to $3.32. This big jump in the numbers are a big reason for the momentum behind the stock price.
MTN stock has been on fire since the first week of March, rocketing from the mid-$80s to over the century mark. There has been a big jump in volume as well which tells me the stock is starting to gain more institutional interest.
The commodity channel index has been a tad overbought, but that’s what you’d expect to see with a stock that’s up 25% in a few short weeks.
Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH)
If cruising the high seas is more your thing, take a look at Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH). This Zacks Rank #2 (Buy) offers cruises in various locations including destinations in the Caribbean, Mexico, Alaska, Europe, Hawaii, New England, Central America, North Africa and Scandinavia.
A big worry weighing on cruise lines as of late has been the U.S. dollar headwind. A stronger dollar has made it tougher for customers outside of the U.S. to pay for goods and services.
Yet, a recent report from Carnival Corp (NYSE:CCL) helped ease some of those concerns and led to a rally across the industry. NCLH has benefited from the recent buying.
NCLH has been on fire since the relative market low on Oct. 15. Since then, NCLH stock has rallied from the low $30s all the way above $54 where it trades today.
Norwegian Cruise Line Holdings is still locked in an uptrend trading above its 21-day moving average which is also positively sloped. Currently, the commodity channel index is a bit overbought well into triple digits, but NCLH stock is enthusiastically butting up against a fresh 52-week high again.
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