26 March Watchlist 👀
Today we are watching…
1. Hilton Worldwide (#hilton)
It’s no secret that hotel chains and travel businesses face an existential threat from the coronavirus, but it’s also clear that if they survive with the help of government aid, they will benefit the quickest from a market rebound. Some investors are opting for ready-made and done-for-you exchange-traded funds (ETFs) that have gathered the whole industry’s stocks together in one basket, dodging the risks of trying to pick a winner. However, Hilton hotels still want to remind you why it’s your best choice, high operating margins, and low debt! Gina Sanchez of Chantico Global just put in a massive order on that basis!
2. Apple (#aapl)
JP Morgan thinks it has the inside scoop on when Apple’s new iPhone will come out; next month. Next month seems an odd time to bring out a new luxury consumer good. We’re slap bang in the middle of the worst economic crisis since Lehman, with most Western Apple stores locked down to stem the tide of a lethal pandemic, but whatevs! The tech giant has an excellent financial standing and could time to release the device with the Chinese economy’s rebound from the virus. There are, apparently, very few reported cases now coming from China, and frozen supply chains are not disrupting the phone’s processors from Taiwan. If Apple confirms this, it will give traders a lot to think about in April!