Shares of hotel, restaurants and leisure stocks within the broader consumer discretionary are trading lower amid recession following a downgrade of the U.S. credit rating.
Portfolio Pulse from Benzinga Newsdesk
Shares of hotel, restaurants and leisure stocks are trading lower amid recession fears following a downgrade of the U.S. credit rating. This impacts a range of companies including ARMK, CZR, DENN, HTHT, SCI, TAL, WYNN, YUMC.
August 04, 2023 | 12:04 pm
News sentiment analysis
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NEGATIVE IMPACT
ARMK's stock is trading lower due to recession fears and U.S. credit rating downgrade.
The downgrade of the U.S. credit rating and recession fears are causing a negative impact on the stock market, including ARMK.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
CZR's stock is trading lower due to recession fears and U.S. credit rating downgrade.
The downgrade of the U.S. credit rating and recession fears are causing a negative impact on the stock market, including CZR.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DENN's stock is trading lower due to recession fears and U.S. credit rating downgrade.
The downgrade of the U.S. credit rating and recession fears are causing a negative impact on the stock market, including DENN.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
HTHT's stock is trading lower due to recession fears and U.S. credit rating downgrade.
The downgrade of the U.S. credit rating and recession fears are causing a negative impact on the stock market, including HTHT.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SCI's stock is trading lower due to recession fears and U.S. credit rating downgrade.
The downgrade of the U.S. credit rating and recession fears are causing a negative impact on the stock market, including SCI.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TAL's stock is trading lower due to recession fears and U.S. credit rating downgrade.
The downgrade of the U.S. credit rating and recession fears are causing a negative impact on the stock market, including TAL.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
WYNN's stock is trading lower due to recession fears and U.S. credit rating downgrade.
The downgrade of the U.S. credit rating and recession fears are causing a negative impact on the stock market, including WYNN.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
YUMC's stock is trading lower due to recession fears and U.S. credit rating downgrade.
The downgrade of the U.S. credit rating and recession fears are causing a negative impact on the stock market, including YUMC.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100