My Favorite Stocks Right Now: 6/22/23

GetQuin

Before we jump into what I think is an idea no one is talking about yet — I want to shoutout getquin and their portfolio tracking tool.

They do a wonderful job of helping you keep tabs on not only your stock investments across different accounts, but also your other investments.

For example, through this platform you can track the value of your crypto, real estate, NFTs, commodities, artwork, life insurance, collectibles, and even startups (as shown below).

If you’re a multi-asset investor like myself, getquin is a great way to keep tabs on your performance. Click here to sign up for getquin!

My Favorite Stocks Right Now

Let’s kick this week’s My Favorite Stocks Right Now off with an idea I don’t think anyone is talking about yet — airline stocks.

👉 Airlines (RYAAY) & (DAL)

Before you start groaning and say “Austin, you’ve said time and time again that you hate airline stocks,” let me show you a simple chart.

The chart below is the relationship between Ryan Air’s (RYAAY) stock price in black and their earnings per share in blue. 

I notice two things immediately:

1. Their stock price has moved in tandem with their earnings per share for the last decade — omitting the pandemic.

2. Their earnings per share is expected to grow aggressively over the coming three years.

I mean, I don’t have a crystal ball — but if you were to ask me where do I think Ryan Air’s stock price is headed over the coming 2-3 years … I’d say up and to the right!

Beyond this incredible chart staring us in the face, Ryan Air also recently received a ton of positive upgrades from Wall Street — including growth.

And they’re not alone. Other airline stocks like Delta Airlines (DAL) recently were given upgrades as well — for Delta, it was momentum.

I’ve shared the same chart from above with Ryan Air (stock price vs. EPS) but for Delta Airlines. You’ll notice a similar story — it’s obvious where their stock price is headed.

I’ve yet to see anyone mention these beautiful charts — and when paired with these stock upgrades from Wall Street I’d imagine these two companies will see some sort of positive stock price appreciation in the coming 12-24 months.

Not to mention, Delta (DAL) just reinstated their quarterly dividend!

👉 Crocs (CROX)

Major shoutout to my friend Chris, Dave, and Jordan of Dumb Money. They’ve been playing the summer sandals Crocs trade for years now — but recently just committed $1M to this year’s trade given a recent trend they noticed on TikTok.

Watch their video here.

Essentially, there are two reasons why I’m excited about this stock:

1. Their search volume on Google Trends and TikTok are through the roof — likely something Wall Street hasn’t yet noticed.

2. Their future earnings assumptions seem to be mispriced in relation to their current stock price.

The stock price is flat year-to-date, lagging the broader market by -15 to -30%. To me, this seems like an opportunity.

With that being said, I plan to open a positions in Ryan Air, Delta Airlines, and Crocs over the coming days.

These are prime examples of opportunistically buying companies who are cash flow positive for the first time and / or will continue to benefit from positive cash flow in the near future.

Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.