A collection of travel-related stocks will likely be key beneficiaries as warm summer months arrive and as consumers start to go off on beach and mountain vacations.
Shares of casino operator Las Vegas Sands have fallen 8.5% so far in 2024.
LVS YTD mountain Las Vegas Sands stock.
Umansky also lauded Las Vegas Sands' generation of free cash flow that can be used to buy back stock.
VAC YTD mountain Marriott stock.
Persons:
Vitaly Umansky, Umansky, Wall, FactSet, Aaron Hecht, Ryan Lambert
Organizations:
Entertainment, Vegas Sands, CNBC, FactSet, Seaport Securities, Sands, Marriott, JMP Securities, Hilton, JPMorgan, Madison Square Garden Sports
Locations:
Macao, Singapore, Vegas, Madison