Two travel-related stocks look like buys as airlines, hotels and cruises sell off, trader says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

'We like the hybrid approach,' said trader Quint Tatro, naming Uber and Lyft as two of his favorite plays.

as two of his favorite plays. "These are names that are going to participate if in fact we continue to see travel emerge and people getting out and doing things."

"That kills two birds with one stone and those are the areas that we would prefer if we were looking at this space and those are names we are buying here actively," said Tatro. "Southwest gets 97% of the revenues domestically. They've been buying up routes all year, so not just in the U.S., some in Mexico, but largely resort-kind of oriented routes, and then they've been the most efficient at cost cutting of all the U.S. airlines," Tengler said Monday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines