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The Zacks Analyst Blog Highlights: MarineMax, OneWater Marine, Winnebago, Brunswick Corp and Patrick Industries

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·7 min read
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For Immediate Release

Chicago, IL – May 18, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: MarineMax, Inc. HZO, OneWater Marine Inc. ONEW, Winnebago Industries, Inc. WGO, Brunswick Corporation BC and Patrick Industries, Inc. PATK.

Here are highlights from Monday’s Analyst Blog:

5 Stocks to Gain as Americans Hit the Road

It has been over a year since the coronavirus pandemic has put a halt to day-to-day lives, keeping people from stepping out. With nations ordered to stay indoors, discretionary companies, especially those related to travel, have either gone bankrupt or had to resort to widespread layoffs to keep afloat. In several places, hotels, stadiums, and schools have been turned into hospitals to extend care for patients and quarantine those affected.

The million-dollar question now among the masses is, ‘When will we be able to travel again?’ Though the emergence of a variety of strains has kept doctors, medical professional and administrations worried and skeptical in allowing international travel, domestic travel is reopening in some countries and is likely to begin full swing by summer 2021. Rapid vaccine rollout has been a major support toward the same.

In fact, US Centers for Disease Control and Prevention (CDC) has announced that citizens who have been fully vaccinated are no longer needed to wear masks indoors and outdoors, except where required by federal, state, local, tribal, or territorial laws, rules and regulations, including local business and workplace guidance. Additionally, those traveling domestically do not need to get tested before or after arrival or self-quarantine after travel.

As Americans hanker to hit the road after a year of being locked indoors, it will put the spotlight on discretionary stocks, especially travel, hotels, and other leisure products like a mobile home, RVs, and yachts. In fact, murmurs surrounding new mutants of COVID-19 strains are worrying people.

Hence, long road trips this summer might be more attractive and boost sales of recreational vehicles. It is not only a safe way to get outside but also an affordable trip option for a family. However, the momentum in solitary leisure will continue. People willing to spend extra time outdoors have also opted for boats, marine products, and services.

Hotspot destinations still stay largely off-limits in some parts of the world, especially as people avoid crossing international borders. On the bright side, journeys along scenic routes and to national parks are likely to increase. Hence, unchartered territories with lesser populations become tourist hotspots, leading to a pick-up in sustainable tourism. Many of these locations lack hotels and facilities. Hence, companies like Airbnb can make the most in convincing locals to lease out properties to tourists.

5 Stocks to Buy

Post-pandemic, a continuing shift toward ecotourism will provide a boost to the tourism industry.  Countries need to create or shift to more sustainable tourism models and companies engaged in offering products and services for on-road travels and yachts stand to benefit the most. Here are five such stocks that can make the most of such a scenario.

MarineMax operates as a recreational boat and yacht retailer. The company's expected earnings growth rate for the current year is 60.2% compared with the Zacks Retail - Miscellaneous industry’s projected earnings growth of 16.3%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 26.9% upward over the past 60 days. MarineMax flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

OneWater Marine offers new and pre-owned recreational boats and yachts, and related marine products, such as parts and accessories. This Zacks Rank #1 company's expected earnings growth rate for the current year is 54.9% compared with the Zacks Leisure and Recreation Products industry’s projected earnings growth of 23.3%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 31.3% upward over the past 60 days.

Winnebago Industries manufactures and sells recreation vehicles and marine products. The company's expected earnings growth rate for the current year is more than 100% compared with the Zacks Building Products - Mobile Homes and RV Builders industry’s projected earnings growth of 22.6%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 21.9% upward over the past 60 days. Winnebago carries a Zacks Rank #2 (Buy).

Brunswick Corp. designs, manufactures, and markets recreation products. This Zacks Rank #2 company's expected earnings growth rate for the current year is 45.4% compared with the Zacks Leisure and Recreation Products industry’s projected earnings growth of 23.3%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 15.7% upward over the past 60 days.

Patrick Industriesmanufactures and distributes components, building products, and materials for the recreational vehicle, marine, manufactured housing, and industrial markets. This Zacks Rank #2 company's expected earnings growth rate for the current year is 78.6% compared with the Zacks Building Products - Mobile Homes and RV Builders industry’s projected earnings growth of 22.6%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 22.6% upward over the past 60 days.

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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Zacks Investment Research

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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MarineMax, Inc. (HZO) : Free Stock Analysis Report
 
Brunswick Corporation (BC) : Free Stock Analysis Report
 
Winnebago Industries, Inc. (WGO) : Free Stock Analysis Report
 
Patrick Industries, Inc. (PATK) : Free Stock Analysis Report
 
OneWater Marine Inc. (ONEW) : Free Stock Analysis Report
 
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