Investing

5 Stocks to Buy Now That May Be Huge Summertime Winners

Lee Jackson

Home Depot stores sell various building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance and professional service programs to do-it-yourself (DIY), do-it-for-me (DIFM) and professional customers.

Shareholders of Home Depot are paid a 2.67% dividend. The $215 Merrill Lynch price target for the Buy-rated shares compares with the posted consensus price objective last seen at $205.86. The stock closed most recently at $193.59 a share.

SeaWorld Entertainment

While this company changed the way it does shows due to a degree of public outcry a few years back, the parks remain a prime summer attraction. SeaWorld Entertainment Inc. (NASDAQ: SEAS) is a leading theme park company that delivers family-oriented entertainment through a diversified array of offerings and a focus on animal interaction and education.

The company owns and operates 11 theme parks in the United States, which attract more than 20 million visitors annually. Key brands include SeaWorld (with parks in Florida, California and Texas), Busch Gardens (Florida and Virginia) and Sesame Place (Pennsylvania). Flanker brands include Discovery Cove (Florida), Aquatica (Florida, California and Texas), Adventure Island (Florida) and Water Country USA (Virginia).

The analysts at B. Riley rate this stock a Buy, and they have a $34 price objective. The posted consensus target price is $32.82, and the shares were last seen trading at $27.25 apiece.

Six Flags Entertainment

This is another theme park giant that is poised to see a host of visitors this summer. Six Flags Entertainment Corp. (NYSE: SIX) is a regional theme park operator, with approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land and are located in geographically diverse markets across North America. Its parks offer a selection of thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. They offer approximately 830 rides, including over 135 roller coasters.

The Company’s parks include Six Flags America, Six Flags Discovery Kingdom, Six Flags Fiesta Texas, Six Flags Great Adventure & Safari/Six Flags Hurricane Harbor, Six Flags Great America, Six Flags St. Louis, Six Flags Magic Mountain/Six Flags Hurricane Harbor, Six Flags Mexico and Six Flags New England.

Six Flags investors are paid a solid 6.18% distribution. Stifel rates this stock at Buy and has a $61 price target on the shares. The consensus price target is set at $73.60, though, but the stock closed at $51.24 last Friday.

Of course, all these companies do business year round, but the summer brings warm weather and vacation time for families, and that means more business and more people spending money. Toss in lower prices at the pump, and it could make for an outstanding overall summer of 2019.