Stocks with high exposure to China could stand to gain if the country moves away from its Covid protocols next year, according to Jefferies. A continuation of China's "zero Covid" policy has worried business leaders around the world who view the country as a key part of the global supply chain.
The chart below shows 10 of the names the firm found. Hotel stocks are among the most exposed. Las Vegas Sands has the most exposure at nearly 70%, while Wynn Resorts also made the list with just over 40% exposure. Both stocks have gained share value since the start of the year And both have moved in-line with news out of China over the course of the year.
WOW!! DID CNBC SAY CHINA!!! FIRST TIME ALL WEEK!! PAXLOVID FROM pfizer TO THE RESCUE!! THANK YOU business REPORTING THE ACTUAL CURRENT EVENTS AND MARKETS.
You utter clowns You are a disgrace