This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Travel Stocks to Ring in New Year

Allegiant

Discount carriers such as Allegiant (ALGT - Get Report) could do well this holiday season, as more travelers who could once afford higher-priced, legacy airlines, are trading down to cheaper-priced air travel, said Raymond James analyst Savanthi Syth.

Allegiant, which is known for servicing smaller areas, is growing its capacity. There has been a dichotomy in the airline industry regarding capacity with legacy airlines cutting capacity to boost their bottom line, while discount airlines are maintaining or adding capacity to service more customers.

Allegiant is also slated to get into Hawaii, a new market, starting next year, Syth noted. The effects of this organic growth should be felt in 2013, she added.

One trend to watch for this holiday season is the typical increase in tourism that Las Vegas experiences around the new year. Allegiant may also be along for the Vegas ride since it flies into that city.

Allegiant has been able to make up for increases in fuel prices by hiking its fares. The airline reported $191.5 million in operating revenue in the third quarter, up 17% from a year ago.

Shares of Allegiant are up almost 6% year to date.

2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ALGT $168.12 0.00%
CPA $112.24 0.00%
DAL $46.98 0.00%
IHG $42.88 0.00%
RYAAY $67.00 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs