These two are rebounding along with travel

Article Excerpt

The coronavirus pandemic forced the cancellation of most vacation plans. Now, however, with COVID-19 vaccination numbers rising, the outlook for both these stocks keeps brightening. We see both as buys. WYNDHAM HOTELS & RESORTS $74.87, is suitable for your new buying. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares outstanding: 93.4 million; Market cap: $7.0 billion; Dividend yield: 0.9%) is the world’s largest hotel franchiser, with 797,000 rooms across 8,900 hotels in more than 95 countries. Its portfolio of 20 brands includes Super 8, Days Inn, Ramada, La Quinta and Wyndham. Revenue in the quarter ended March 31, 2021, dropped 26.1%, to $303 million from $410 million a year earlier. Earnings fell 28.0%, to $0.36 a share (or a total of $33 million) from $0.50 a share (or $47 million). Wyndham Hotels’ customer profile in the key U.S. market (representing 62% of total rooms) is 70% leisure. A whopping 87% of that is drive-to customers. As a result,…