Coolers sit on display for sale at the Yeti Holdings Inc. flagship store in Austin, Texas, U.S., on Wednesday, Sept. 12, 2018.The coronavirus crisis is changing the way people spend their free time, according to Bank of America, positioning some stocks to benefit in the coming summer months.
The Wall Street firm said as the economy reopens, Americans are looking for social distancing and contactless leisure experiences instead of air travel and theme parks. "We believe COVID-19 is accelerating the consumer spending shift away from traditional entertainment and international travel to 'solitary' leisure activities and 'staycations'," Bank of America research analyst Robert Ohmes said in a note to clients.
Pro $300 bucks a year for pro that's a ton for some of us. Oh pro must be for the super rich huh?
Pro Bank of America is already fully invested in these stocks. Now they want you to pile in so you can run up the price so they can cash out at higher prices. See how this works?