Investors are closely monitoring the following week’s earnings reports of hotels, cruises and other different businesses hit hard by the COVID-19 pandemic. This comes as these companies will be the first ones to snap back as soon as the pandemic subsides.
As the White House announced on February 2 that it will ship vaccines for the pandemic directly to retail pharmacies with regular shipments to the States, the focus on travel, tourism, and hotel companies has increased. The efficacy of the vaccines will bring the economy back on track.
“The results across the board are going to be bad, but it’s really going to be about who is coming back,” said Adam Trivison, a portfolio manager at Gabelli Funds told Hindustan Times.