Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

Omicron setback is a buying opportunity for tourism stocks, investor says

by
December 1, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Used vehicle prices swing higher amid unseasonably strong demand in January

Billionaire Tesla bull Ron Baron says Musk promised him multiples on his $100 million Twitter stake

The dip in travel stocks following the emergence of a new Covid-19 variant is a temporary “setback” that presents some attractive buying opportunities within the sector, according to investor SpringOwl Asset Management.

Travel and tourism stocks were hammered after the World Health Organization classified omicron a “variant of concern.” Several countries also moved to reimpose border restrictions.

The immediate pullback is “not dissimilar” to that seen with the discovery of the delta variant in late 2020, but is likely to be short-lived, said SpringOwl CEO Jason Ader, noting that he is bullish on global travel stocks.

It’s always in the period where people are most concerned where you make the most as an investor.

Jason Ader

CEO, SpringOwl Asset Management

“It’s always in the period where people are most concerned where you make the most as an investor,” he told CNBC’s “Squawk Box Asia” on Tuesday.

“It may not happen as quickly as the bulls had hoped, but it’s coming. And the pullback in the stock prices certainly represents an interesting opportunity right now,” he said.

SpringOwl Asset Management is most bullish on casino stocks, especially those in Macao. The island suffered under travel restrictions, particularly those for visitors from mainland China, as well as recent regulatory crackdowns.

The Eiffel Tower attraction, a half-size replica of the Eiffel Tower in Paris, stands illuminated at the Parisian Macao casino resort, operated by Sands China Ltd., a unit of Las Vegas Sands Corp., in Macau, Macau, on July 18, 2018.

S3studio | Getty Images News | Getty Images

“The Macao gaming companies now — because of the pandemic but also because of some potential changes in regulation — probably present some of the best value in the entire stock market right now,” said Ader.

Ader said Las Vegas Sands, which owns and operates resorts and casinos across the U.S., Macao and Singapore is particularly attractive. The stock, which closed around $35 per share Tuesday, is down about 50% from its January 2020 levels.

“That’s at the top of my list right now of companies that have been affected right now by travel and tourism,” said Ader, highlighting the company’s “strong balance sheets.”

“I think we’ll look back in a few years and wish we’d bought more” when it was below $40, he added.

ShareTweetPin

Related Posts

Used vehicle prices swing higher amid unseasonably strong demand in January

by
February 7, 2023
0

A man shops for used vehicles at the Toyota of Deerfield dealership in Deerfield Beach, Florida. Getty Images DETROIT -...

Billionaire Tesla bull Ron Baron says Musk promised him multiples on his $100 million Twitter stake

by
February 7, 2023
0

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Billionaire Ron Baron was promised he would make "two to...

Used vehicle prices swing higher amid unseasonably high demand in January

by
February 7, 2023
0

A man shops for used vehicles at the Toyota of Deerfield dealership in Deerfield Beach, Florida. Getty Images DETROIT -...

Biden plans to go after social media and kids’ mental health in SOTU speech

by
February 7, 2023
0

U.S. President Joe Biden speaks as he attends the DNC 2023 Winter Meeting in Philadelphia, Pennsylvania, U.S., February 3, 2023....

Powell’s speech triggered record options bets, topping even the meme stock frenzy

by
February 7, 2023
0

A speculative frenzy after Fed Chairman Jerome Powell spoke last week helped drive record trading in call options Thursday, and...

Next Post

These 2 Penny Stocks Are Set for Massive Gains, Says Oppenheimer

Coffee prices are at 10-year highs, and analysts say they have further to go

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com