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Book These 5 Bargains in Leisure

These stocks all have stable to growing competitive advantages and currently trade at a discount.

Oct 11, 2016

Mentioned: Meta Platforms Inc (FB) , Norwegian Cruise Line Holdings Ltd (NCLH) , Alphabet Inc (GOOG) , Amazon.com Inc (AMZN) , Carnival Corp (CCL) , Booking Holdings Inc (BKNG) , Wynn Resorts Ltd (WYNN) , Royal Caribbean Group (RCL)

Today's stock market isn't cheap. According to Morningstar's Market Fair Value graph, the average stock in Morningstar's coverage universe is slightly overvalued.

Yet, there are still pockets of opportunity--one pocket being leisure stocks, which includes a hodge-podge of travel, lodging, and recreation names. As a group, these companies are trading about 15% below fair value as of this writing.

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Ashley Redmond does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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