It’s a travel-heavy three stocks to watch piece this week, with Wizz Air (LON: WIZZ), Whitbread (LON: WTB), and Jet2 (LON: JET2) on the radar. Here’s why:
Carrier Wizz Air will post its full-year results on Thursday, June 8.
Overall we are positive about the European travel sector, and for Wizz, it’s no different.
While Wizz Air is probably our least preferred European airline, as Twitter mentions have remained subdued and consumer sentiment is slightly negative, Semrush data shows that visits to the carrier’s website continue to surge, suggesting demand remains elevated.
The Whitbread share price is an intriguing one and plays nicely into our travel sector theme this week…
Demand for hotels is expected to remain strong in the coming months as the travel industry continues to boom.
Overall, Whitbread — which will post a Q1 trading update on June 22 — is a stock worth watching next week and in the weeks ahead.
The company has several tailwinds, and with its share price at levels last seen in November 2021 and slowly approaching its pre-pandemic mark, we believe there could be further upside on the horizon.
Jet2 is also benefitting from the elevated appetite for travel, and the airline is one we have an even closer eye on…
The travel firm’s Twitter mentions, Google searches, and web visits are on the rise, suggesting its current robust demand is only getting stronger. For a more in-depth look at current Jet2 demand, see here.
While the stock is up 31% YTD, we believe there is still room to move higher.
By Sam Boughedda