Markets closed lower last week including an 8% drop in Bitcoin (BTC). Futures are slightly up. Some big hospitality names report this week including Hyatt (H) and Airbnb (ABNB).
So far earnings season has established that the consumer is spending less freely. Other companies that will add data to his observation will be
Coca-Cola (KO), the company produces many consumer favorites and when money gets tight we still like the occasional treat we are accustomed to.
Stocks to Watch
Airbnb (ABNB) is the alternative to Hotels and if traveling is really having a revival then names like ABNB will benefit from the environment.
Kraft Heinz (KHC) is another consumer shelf staple that will less likely be replaced by imitations because many products are beloved staples that many will not live without.
Roblox (RBLX) has seen some pressures lately and if a slowdown in gaming is really happening right now we will see this trend reflected in Roblox earnings this week.
Happy Investing,
The Punkrock Capitalist
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