Daily Market News - 21st April 2022
Time For Travel Take Off?
1 of the great things about doing this professionally is I get to identify the names ready to move before the moves happen. Some might call this a perk of being a market analyst.
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In a few weeks time, I’m embarking on my post Covid recovery European tour around the Mediterranean and it got me thinking about Travel stocks.
If I’m going to spend a month visiting paradise islands and cultural cities around Europe, how many others have that pent up travel demand? How can we look at it from an Investors perspective and take advantage of any potential upside?
Lets start with Hotels, it seems as good a place as any to kick things off.
Hilton (HLT)
Hotels are still big business and while I’m more of a Grand Hyatt guy, the Hilton chart looks quite clean.
If we’re above $159, I don’t see anything wrong with owning HLT with a lofty upside target to aim for.
It’s a strong chart and it’s going up. What’s not to like in the current environment?
Avis Budget Group (CAR)
The stock that went parabolic last year is very very close to posting a new All Time Closing High on a weekly basis, and while I’m sure many of us have already seen the carnage and the queues ay every car rental on the planet just now, how can we take advantage of this as an investor?
It’s simple, we can have a little exposure to CAR and if it’s above $320, I think it makes sense to be long.
How about those Airline names?
Boeing (BA)
Airlines are tricky just now.
Many of the names look just like BA, with very clear down trends and trend lines that matter.
BA is being added to my watch list for the very simple reason…. if travel names are going to gear up and start moving, I’d expect BA to move too… I have an alert set for that trend line. If we break out above it, I don’t see anything wrong with taking a starter position with risk clearly defined to protect against further down side (which tends to happen when stocks are in down trends).
I’ll keep on top of all these charts and as well as continue to identify the strength in the current market for all our clients and members over the coming months, you should probably check out membership options below.
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