FILE PHOTO: Dinakar Singh, founding partner of TPG-Axon Capital, speaks at the 16th annual Sohn Investment Conference in New York May 25, 2011.
REUTERS/Jessica RinaldiWith vaccines against Covid on the horizon, Singh, who runs Axon Capital, expects a flood of pent-up demand for travel to see far-flung business clients and employees, visit grandparents and take vacations.
While business travel may ultimately be reshaped by video conferencing, markets still may underestimate the near-term demand for travel and entertainment, Singh said.
Singh said stocks that stand to benefit include airlines, hotels and resorts, financial services companies like American Express, which is frequently used for travel, and entertainment venues like Madison Square Garden.
In addition to these U.S. stocks, Singh said international markets like Japan and India are attractive.
Dinakar Singh, Jessica Rinaldi, Singh, ” Singh, Goldman Sachs, ”
YORK, Services, TPG, Sohn Investment, REUTERS, Covid, Reuters Global Investment Outlook, American, Garden, Depot, Walmart
New York, Madison, Japan, India