Thursday, April 8, 2021

Time for travel stocks?

Even though the markets are still a little choppy, there's no question that the economy is entering a phase of recovery.

Even if the markets don't soar to record highs, there's certain to be some market rotation into sectors that have been cold since the start of the crisis.

That could mean great things for travel stocks, as our Markay Latimer will talk about in a bit...

But first...
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There's a common phenomenon called market rotation...

It's important to remember that the market isn't a bunch of numbers on a chart. It's a living system of responses to traders' emotions.

And because of that, money flows into and out of different sectors as investors' opinions change.

Last spring, we saw money rotate out of travel stocks, and it rotated hard.

Travel plummeted. Companies like Carnival got hammered.

But guess what? Carnival is coming back...
The cruise line just hit 52-week highs, but as you can see from the chart, there's still a ton of room to grow back to pre-pandemic levels.

Now, I'm not telling anyone to go buy CCL immediately.

But I am pointing out that this kind of market rotation is natural, and travel stocks are certainly an interesting investment to watch in the coming weeks and months.
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