On CNBC's "Halftime Report Final Trades," Brian Belski, chief investment strategist at BMO Capital Markets, bought American Airlines Group Inc (NASDAQ:AAL) and Hyatt Hotels Corporation (NYSE:H) stocks.
Belski said that adding Hyatt was a diversification away from Hilton. Hyatt Hotels has been a huge performer but under-owned by institutions. Meanwhile, American Airlines helped diversify away from United Airlines, which underperformed through May.
Lending his support to these choices, Joseph Terranova, chief market strategist at Virtus Investment Partners, stated that hotels could be a good choice, especially Hyatt Hotels, which is at 52-week highs. Terranova also emphasized the importance of checking investor sentiment, given that only 54% of analysts currently have a Buy rating on Hyatt.
Terranova also highlighted that Marriott International Inc (NASDAQ:MAR) was at a 52-week high, while only 44% of analysts held a Buy rating on the stock.
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World of Hyatt announced high-value savings at its properties across the globe this summer, paired with Bonus Points on repeat bookings and extended stays. Members can earn even more at Hyatt Place and Hyatt Select hotels worldwide.
Price Action:
- American Airlines slid 2.86% to close at $13.93 on Tuesday.
- Hyatt Hotels rose 0.85% to close at $185.21 on Tuesday.
- Marriott International fell 0.85% to close at $373.76 on Tuesday.
Image via Gorodenkoff/Shutterstock
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