Travel and Leisure Stocks Look Attractive
Consumers are slowly starting to travel and eat at restaurants again.
Although uncertainty surrounding the coronavirus pandemic affected consumer cyclical companies more than others at its peak, the industry has begun to rebound. Trailing 12-month returns for the sector are up 37% compared with the market’s 23% return, which runs in sharp contrast to a quarter ago, when the sector lagged the market’s performance by 300 basis points.
The sector has begun to outperform the market. - source: Morningstar
Erin Lash does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.