Recently several analysts have pointed out that this is a buying opportunity for stocks in the airline, entertainment, hotel, leisure/vacation, and other related sectors that have been trodden down due to COVID.
I guess we will see when mass bankruptcies begin to occur. Assuming they are allowed to, of course. No where did I say anything about how opportunities did not exist. All I said was this wasn't going to be a shallow and quick recovery, as the "other poster" said.
Depends on the airline as long as you are willing to wait. Foreign airlines look more interesting. This was one of my nice finds COPA AIRLINES Toom some time to dig out of the bottom since the main airport was mostly closed but now clawing its way back with more flights as demand crawls up. This is a longer term hold and looking for it to get back to $100 2 half of 2021.
again we are talking solely about the stock market. Some retail companies have declared bankruptcy but if we look closely they were on life support before COVID and losing money so this just pushed the inevitable. Just like the financial crisis cleaned out some bad banks I guess. The economy will be in a crawl for another year but most companies were way oversold in April as usual.
True but long term the industries hardest hit sometimes present the best opportunities. I jumped all over DISNEY at $95.... people forget they are not just parks and Disney+ hit 75 million subscribers. ESPN and ABC coming back with sports returning. When the parks eventually open full force sometime next year even today will look relatively cheap. DRAFTKING was so cheap at $20-$30 a share with hardly any sports to bet on. Wait until we get mid NBA and Hockey plus Baseball and remaining football factored in... Opportunities out there but need to weed out the weak companies from the ones that simply got weakened a bit.
Nothing quick..going to take a full year from here for many stocks to return to pre COVID levels but many are only 50% of their value since last January.