Will the Rally in Recreational Stocks Last?
Positive economic signals, including easing inflation (it dropped to 8.5% in July from 9.1% in June) and a decline in gas prices, sent recreational stocks higher. For context, shares of Hyatt Hotels (NYSE:H), Walt Disney (NYSE:DIS), and Booking Holdings (NASDAQ:BKNG) increased by about 12%, 17%, and 10%, respectively, so far in August. Furthermore, in one month, Hyatt, Disney, and Booking.com stocks climbed approximately 26%, 27%, and 35%, respectively. However, an uncertain macro trajectory could stall the rally. Against this backdrop, let’s understand what’s on the horizon for these recreational stocks. Analysts are Cautiously Optimistic about Hyatt Hyatt is benefitting from a broad-based recovery in demand both geographically and segment-wise.
Will the Rally in Recreational Stocks Last?
Positive economic signals, including easing inflation (it dropped to 8.5% in July from 9.1% in June) and a decline in gas prices, sent recreational stocks higher. For context, shares of Hyatt Hotels (NYSE:H), Walt Disney (NYSE:DIS), and Booking Holdings (NASDAQ:BKNG) increased by about 12%, 17%, and 10%, respectively, so far in August. Furthermore, in one month, Hyatt, Disney, and Booking.com stocks climbed approximately 26%, 27%, and 35%, respectively. However, an uncertain macro trajectory could stall the rally. Against this backdrop, let’s understand what’s on the horizon for these recreational stocks. Analysts are Cautiously Optimistic about Hyatt Hyatt is benefitting from a broad-based recovery in demand both geographically and segment-wise.