Royal Caribbean Cruises (RCL-N)

Royal Caribbean is a little better than Carnival, but all these stocks will benefit from the coming travel boom and economic reopening. Keeping ships at port is a big expense over all these months. There's 20-25% recovery left in the cruiselines. He bought at the bottom and has sold some. There's still upside here, but it's a higher risk stock. Sure, some travelers will never cruise again, but once vaccines are in place enough will come back. Cruiselines have recovered from past health scares.

(Past Top Pick May 4, 2018, Up 21%) It did poorly in the first half of the year on concerns of capacity additions, but it has come back. He still holds it. As long as the economy is strong, this will continue to do well. But trim if the economy pulls back.

(A Past Top Pick on Sept. 20, 2017, Down 4%) He still owns it and believes it will go higher long-term. Headwind: this spring, oil prices started to rise, and the market got worried that we're in the peak of the cycle. But the business is growing 6% annually in volumes, and the Chinese are getting into this business.