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Date : 07/10/2021

3 ASX 200 Stocks Worth Watching In October 2021

Top 3 ASX 200 Stocks To Consider For Your Next Investment

The ASX 200 closed 50.20 points or 0.70% higher at 7,256.70 on Thursday. The rally was triggered as technology stocks rebounded after yesterday’s selloff. This happened while energy and oil stocks remained weak as crude prices eased from 7-year highs. Explore our list of 3 ASX 200 Stocks for your next investment.

Our List of top 3 ASX 200 stocks to buy

As the market is on the verge of a possible return to bullish momentum, you may consider these three stocks for your portfolio:

Webjet Ltd (ASX: WEB)

Webjet is engaged in the provision of online travel bookings. The Company is in the digital travel business providing services in regional consumer markets. Webjet is also involved in global wholesale markets via its online channel. In short, the company operates through the segments, including Travel B2C and B2B.

This week has been a tumultuous week for Webjet shares. Hence, the online travel agent’s stock roared higher on Monday, hitting a new 52-week high. Unfortunately, it has since tumbled. Indeed, the dip has come about despite renewed enthusiasm surrounding Australia’s return to travel. Furthermore, the nation’s vaccine rollout is surpassing a key milestone.

At the time of writing, the Webjet share price is $6.33, 6.22% lower than its previous close but slightly a per cent higher than it was on Friday’s opening. Additionally, it is currently about 29% lower than its shiny new 52-week high of $8.89. So, what exactly caused Webjet to experience such volatility?

The WEB share price has been tumbling lower on a week full of good news for Australians in need of a holiday. Thus, on Friday, Prime Minister Scott Morrison announced that Australia’s borders are set to reopen next month in line with some states allowing home quarantine. When the order is officially given, Australians who are vaccinated against COVID-19 will be allowed to fly in and out of the country freely. Although, a seven-day quarantine in their home on their return might be mandatory.

Several key vaccine targets have been met over the last 24 hours. 80.5% of Australians have now received one dose of a COVID-19 vaccine, while 58.4% are fully vaccinated. Furthermore, New South Wales’ premier, Dom Perrottet, announced the state reached its 70% vaccination rate yesterday. Restrictions will ease in NSW on Monday and travel within the state will properly resume when it meets its 80% vaccination target.

As the travel resume, Webjet might beneficiate from this positive momentum. Right now, the company’s share price is 20% higher than it was at the start of 2021. It has also gained 47% since this time last year.

Flight Centre Travel Group (ASX: FLT)

Flight Centre Travel Group is one of the world’s largest travel agency groups. The company operates in more than 23 countries and owns an extensive corporate travel management network in more than 90 countries.

FLT is one of the most interesting opportunities now on the ASX. Hence, the company’s shares have been flying recently. Flight Centre shares soared to an 18-month high in September. The travel agent has been busy targeting a return to leisure and corporate profitability as conditions improve. This has led FLT to track 30% higher over the past month. In comparison, the ASX 200 has slumped by more than 4%.

Flight Centre reported an increase in sales revenue month-on-month during FY21. Particularly with leisure and corporate recovery in the United States during Q4FY21 ticked up a notch. The company noted that corporate transaction numbers were at 50% of pre-COVID levels, representing around 40% of the total transaction value.

In addition, vaccination programs have gained momentum. Travel restrictions are also lifted in key travel markets. As such, immediate and strong rebounds are being experienced.

It’s been a solid year for Flight Centre. Since its September gains FLT continued to fly, reaching another new 18-month high of $25.28 on Tuesday.

In 2021 alone, FLT shares surged by around 45%, reflecting positive sentiment in a quick recovery of the travel sector. Flight Centre closed the day today up 0.39% to $22.9 per share.

Qantas Airways Ltd (ASX: QAN)

Despite the good news of an imminent reopening of the borders, Qantas remained capped in the red. Qantas ended the day on Thursday down by 3.12% to $5.58 per share.

Why is the Qantas share price still stalling?

The news from the Australian Competition and Consumer Commission, or ACCC did affect Qantas. This commission has denied Qantas to collaborate with Japan Airlines. Although, the two airlines planned to work together on routes linking Australia and Japan. The other concerns might be about the surging oil prices and slowing economic growth. This could weigh on the airlines’ profits.

However, on a positive note, the Qantas share price is taking off since the last three-month by 18%. This comes with the company intends to soon begin operating flights between Brisbane and Launceston for the first time. The new flights will see an extra 15,000 seats available to fly between the cities each week.

Qantas is ramping up its domestic operations. Thus, it is the eighth new route the airline has introduced since Australia’s international borders shut. According to the company, demand for flights to and from Tasmania has increased alongside the number of Australians’ seeking out domestic holidays.

The Qantas share price gained momentum last month when it announced its domestic operations were 95% cash-flow positive over FY21.

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