3 Coronavirus Proof Summer Stocks to Buy Now

Summer means recreation, but with coronavirus still circulating, summertime is taking on a different look and feel.  International trips are out, domestic touring and close-to-home, outdoor activities are in.

Consumers are establishing the comfort constraints amidst climbing coronavirus case numbers, seeking ways to achieve healthy family and recreation time while prioritizing our nation’s health needs. 

The natural social distancing vacation is visiting the great outdoors.  According to a survey by the U.S. TravelAssociation and MMGY Travel Intelligence, “People who are planning to travel feel safest when visiting outdoor destinations such as parks and the beach.”  Both the MMGY survey and a seperate AAA survey said vacationers will likely stick to car travel as the top way to get around this summer.  These domestic vacation plans have helped lift a number of outdoor related summer stocks. 

Here are a few stocks that could continue to benefit from the growing outdoor recreation trend amidst continued coronavirus fears.    

Diageo plc.  (NYSE:DEO)

Many people will finally be able to kick back and have  a cold drink with friends once again.  Of course, no drink  feels like summer more than tequila.  Thus, there is plenty of potential for Diageo, owner of Don Julio and CasaMigos. 

 Since the onset of serious restrictions due to the coronavirus pandemic, the stock’s value has dropped more than 12%.  However, recent spikes in tequila and margarita drinking activity in the country are a testament to CasaMigos as a top asset for Diageo.  

What’s more, Diageo is pioneering the way towards producing less waste and making bottle production more efficient.  Diageo plans to run a trial of the new environmentally friendly packaging from next year for its Johnnie Walker brand whisky.  Diageo’s paper whisky bottle, which will be trialed in spring 2021, will be made from wood pulp and will be fully recyclable.

DEO could be a fruitful “buy the dip” trade as Americans adjust to “the new normal.”

Winnebago Industries Inc.  (NYSE:WGO)

Winnebago Industries, Inc. is a leading producer of recreational vehicles (RV)  in the U.S.  The company distributes its products through independent dealers throughout the U.S. and Canada.  

In June RV shipments were up 10.8%  to mark the biggest monthly percentage gain of the year.  Towable RV shipments were up 12.9% to 33,171 units for the month.  

“Reflective of younger, first-time buyers interested in RVing and the continued rise in the #Vanlife  phenomenon, folding camping trailers and type B RVs in the motorhome market continue to see strong gains,”  says an RV International Association representative.  

WGO share prices are up 14% for the year.  With more and more citizens considering long distance domestic travel by car, there could be more upside as the summer continues.  

Yeti Holding Inc.  (NYSE:YETI)

Yeti is one of the most well-known outdoor sporting companies on the market.  Its most popular products include ice chests, drinkware and other nature oriented accessories that are suited for activities like camping, fishing and spending time with family outdoors.  

With people looking for ways to be completely self-sufficient outdoors, Yeti stands to make substantial gains, whether the U.S. faces continued closure or not.