Eclipse Economics: Dow Climbs After 10 Of 13 Solar Events
Portfolio Pulse from Bibhu Pattnaik
The upcoming solar eclipse on April 8 is expected to boost the U.S. economy by $1.5 billion, particularly benefiting businesses in the eclipse's path. Historical data shows a positive correlation between solar eclipses and the Dow Jones Industrial Average's performance, with the Dow ending higher in 10 out of 13 total solar eclipse years since 1900. Companies like Airbnb, Choice Hotels International, United Airlines, Alaska Airlines, Amazon, Walmart, and Target are experiencing increased demand due to the eclipse, with significant surges in bookings, occupancy rates, and sales of eclipse-related products.
April 06, 2024 | 4:40 pm
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POSITIVE IMPACT
Airbnb is experiencing a 1,000% increase in searches year-over-year with 90% occupancy in prime viewing areas for the solar eclipse, indicating a significant short-term revenue boost.
The substantial increase in searches and high occupancy rates directly relate to increased revenue potential for Airbnb, especially in prime viewing areas.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Alaska Airlines experiences a surge in flight bookings for the solar eclipse, indicating a positive revenue impact and potential uplift in stock performance.
The surge in bookings for Alaska Airlines due to the solar eclipse is expected to positively impact revenue and could lead to an uplift in stock performance.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Amazon sees an uptick in sales for eclipse-related products, indicating a positive impact on revenue and potentially stock price in the short term.
The increase in sales of eclipse-related products on Amazon is likely to boost revenue, which could positively affect its stock price.
CONFIDENCE 65
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Choice Hotels International reports fully booked establishments across the eclipse's path, indicating a positive impact on short-term revenue and possibly stock performance.
Full bookings across the eclipse's path directly contribute to increased revenue for Choice Hotels, potentially influencing stock performance positively.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Target Corp reports an increase in sales for eclipse-related products, indicating a positive impact on revenue and potentially stock price in the short term.
The increase in sales of eclipse-related products at Target is likely to boost revenue, which could positively affect its stock price.
CONFIDENCE 65
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
United Airlines sees a significant increase in passenger numbers heading to eclipse hotspots, suggesting a positive impact on revenue and possibly stock price in the short term.
The increase in passenger numbers to eclipse hotspots is likely to boost United Airlines' revenue, which could positively affect its stock price.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Walmart experiences increased sales of eclipse-related products, suggesting a positive revenue impact and potential uplift in stock performance.
The uptick in sales of eclipse-related products at Walmart is expected to positively impact revenue and could lead to an uplift in stock performance.
CONFIDENCE 65
IMPORTANCE 70
RELEVANCE 75