2 Outdoors Stocks To Buy As We Head Into The Spring Season

Outdoor-activity stocks have been showing signs of recovery over the past month as investors begun rotating into turnaround non-tech stocks with the expectation of a V-shaped economic recovery. President Biden’s promise to deliver 100 million vaccines within the first 60 days of his presidency and 150 million shots within the first 100 days has been a turning point for outdoor stocks.

With the vaccine drive moving ahead of schedule, companies operating in the outdoor-activity segments are expected to witness accelerating sales this spring, partly driven by demand pent up over the past year. The global sports and outdoor leisure market is expected to grow at a CAGR of 6.9% over the next five years and hit a value of $236.34 billion by 2025.

With this backdrop, we think outdoor and recreation stocks such as Camping World Holdings, Inc. (CWH - Get Rating) and Johnson Outdoors, Inc. (JOUT - Get Rating) will generate substantial revenues in the coming months. So, it could be wise to bet on them now.

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Image Source: Unsplash

CWH – The speedy and widespread COVID-19 vaccine distribution in the U.S. together with “pent-up” demand make outdoor-activity-oriented stocks well-positioned to deliver substantial returns on investment this spring. Camping World Holdings (CWH) and Johnson Outdoors (JOUT) are two such stocks. We think they could deliver solid returns in the coming months.

Camping World Holdings, Inc. (CWH - Get Rating)

Based in Lincolnshire, Illinois CWH is a recreational vehicle (RV) retailer. The company operates through two segments — Good Sam Services and Plans, and RV and Outdoor Retail. It not only provides a portfolio of services, protection plans, products, and resources in the RV industry but also offers extended vehicle service contracts, roadside assistance plans, and property and casualty insurance programs. CWH serves customers through dealerships, and online and e-commerce platforms.

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