Will Rising Energy Prices Crush Travel Stocks’ Momentum?

Oil is getting more expensive, and it's put a stop to travel stocks' surge

Published: March 9, 2021 Big Debt + 83% Crash + Dividend Cuts = 157% Return? What do an 83% stock price dip, dividend cuts and a mountain of debt have in common? They were all bad news headlines about Apache Corp. in April 2020. So with those awful headlines, how did ex-hedge fund manager Lance Ippolito know to buy in at that time… And walk away with a 157% return just over a month later? He just waited for this. Learn How He Did It Here Will Rising Energy Prices Crush Travel Stocks? There's a big connection between energy prices and travel stocks, both of which have been rising recently as people rotate out of tech stocks.  Oil prices have soared since their early pandemic lows. Things were so bad in the early going, oil prices briefly went negative.  They bottomed… and then ripped higher — about a ten-fold increase in the past 11 to 12 months. And that's a huge move for a global commodity like oil.  We were also seeing a rebound for travel stocks in recent months. But now, rising oil prices are threatening that momentum. See What Comes Next for Travel Stocks Tesla's Bear Market Is on. Here's What Comes Next March 5, 2021 It's no secret that Tesla is tanking in a bear market. The king of electric vehicles and its stock have taken an absolute beating the past month or so… Continue Reading… My Second Major Takeaway From Buffett's Annual Letter March 3, 2021 Buffett says you're not rewarded for working harder, and few in the business world are. This may sound counterintuitive but here's an example… Continue Reading… Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.

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