World

Investors say Omicron’s recession is an opportunity to buy tourist stocks

According to investor Spring Owl Asset Management, the decline in travel stocks after the advent of the new Covid-19 variant is a temporary “regression” that offers attractive buying opportunities within the sector.

Travel and tourism stocks struck After the World Health Organization has classified Omicron as a “variant of concern”.Some countries have also moved to Re-impose border restrictions..

Spring Owl CEO Jason Ader said he was “no different” from what was seen in the discovery of the Delta variant in late 2020, but said it was likely to be short-lived and bullish on global travel stocks. rice field.

When you make the most of your investment, it’s always the time when people are most concerned.

Jason Adale

CEO of SpringOwl Asset Management

“It’s always the time when people are most concerned about getting the most out of it as an investor,” he told CNBC. “Scooke Box Asia” on Tuesday.

“It may not happen as soon as the Bulls expected, but it’s coming, and the stock pullback certainly represents an interesting opportunity for now,” he said.

Bet on the casino

A half-sized replica of the Eiffel Tower in Paris, the Eiffel Tower attractions are illuminated on July 18 at the Macau Casino Resort in Paris, run by Sands China Limited, a unit of Las Vegas Sands Corporation in Macau, Macau. .. , 2018.

S3studio | Getty Images News | Getty Images

“Current Macau gaming companies are probably showing some of the best value across the current stock market, not only because of the pandemic, but also because of possible regulatory changes,” Ader said. increase.

Adder said Las Vegas SandsOwning and operating resorts and casinos in the United States, Macau and Singapore is especially attractive. The stock, which closed at around $ 35 per share on Tuesday, is down about 50% from January 2020 levels.

“This is currently at the top of the list of companies affected by travel and tourism,” Ader said, emphasizing the company’s “strong balance sheet.”

When it fell below $ 40, he added, “I’d like to look back a few years later and buy more.”

Investors say Omicron’s recession is an opportunity to buy tourist stocks

Source link Investors say Omicron’s recession is an opportunity to buy tourist stocks

Back to top button