REUTERS SUMMIT-Axon Capital's Singh sees vaccine boosting travel, entertainment stocks [Reuters]
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Source: Reuters
REUTERS SUMMIT-Axon Capital's Singh sees vaccine boosting travel, entertainment stocks By Svea Herbst-Bayliss 4 Min Read * For other news from Reuters Global Investment Outlook Summit: * here NEW YORK, Dec 1 (Reuters) - Services company stocks, especially those linked to travel and leisure, have room to rocket higher next year as consumers venture out again after spending on goods but cutting back on services during the pandemic, hedge fund manager Dinakar Singh said. With 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. “Things are going to be explosive,” Singh, who headed Goldman Sachs’ proprietary trading unit before forming his own fund in 2005, said at the Reuters Global Investment Outlook Summit. “There well could be a huge surge of pent up demand for activities that have been restricted because of the virus.” After personal s
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