Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
“Hi James & Team, COVID-19 appears to be out of control in America. How do you rate the probability of a full or partial lockdown in the U.S. & its impact on the market? I read somewhere that Webjet & Corporate travel both derive over 80% of the revenue in overseas. Is that correct? If so, which of the two stocks would you say has a better prospect to the reopening thesis?” - Sidney H.
Morning Sidney,
I believe Joe Biden and the individual states will ultimately steer the US down a lockdown path of sorts, perhaps similar to Germany but in our opinion this is already built into markets. Hence we see no great adverse impact on CTD / WEB in the medium term although short-term knee jerks often occur, we would regard this as a buying opportunity.
NB We prefer CTD over WEB.
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