Similar to Qantas and many travel and tourism stocks Webjet has rallied nicely over recent weeks with fresh 2021 highs feeling imminent – its already rallied +17% over the last month. However MM believes WEB is at the lower end of the quality curve and we still prefer other plays such as QAN to take advantage of our pending hopeful return to normality.
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Performance update for March, stocks that drove returns & our current positioning
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Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
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MM is mildly bullish WEB
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