Shares of travel and leisure stocks are trading lower amid overall market weakness due to rate hike concerns, which has pressure discretionary stocks.
Portfolio Pulse from Bill Haddad
Travel and leisure stocks, including LVS and WYNN, are trading lower due to overall market weakness caused by concerns over rate hikes, which are pressuring discretionary stocks.
September 07, 2023 | 4:56 pm
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NEGATIVE IMPACT
Las Vegas Sands Corp. (LVS) shares are trading lower due to market weakness caused by rate hike concerns.
The news directly mentions LVS and indicates that its shares are trading lower due to concerns over rate hikes. This suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Wynn Resorts, Limited (WYNN) shares are trading lower due to market weakness caused by rate hike concerns.
The news directly mentions WYNN and indicates that its shares are trading lower due to concerns over rate hikes. This suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100