Though this summer has been a scorcher across much of the U.S., many people are nevertheless heading outdoors to enjoy the season after having been cooped up indoors for more than a year. Against this backdrop, we think it could be wise to bet on fundamentally sound recreation stocks Pool (NASDAQ:POOL), Brunswick (NYSE:BC), and Camping World (CWH). Read on to learn more.While the summer has so far delivered above-average temperatures, people have nonetheless been heading outdoors to enjoy recreational activities after being forced to stay indoors for more than a year. In fact, according to a Study Finds report, nearly three in five Americans have transformed from “indoor people” to “outdoor people” since the pandemic.
As the widespread roll-out of the vaccines continues, several companies in the recreation space have been witnessing increasing demand for their products—such as boats and recreational vehicles (RVs). According to the Centers for Disease Control and Prevention (CDC), 67.7% of the U.S. adult population has received at least one dose of COVID-19 vaccine.
So, we think it is wise now to bet on recreation stocks Pool Corporation (POOL), Brunswick Corporation (BC), and Camping World Holdings, Inc. (NYSE:CWH). They are expected to grow significantly this month and beyond as more people head outdoors.