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Investing.com - Raymond (NSE:RYMD) James has noted a recent strengthening in the US leisure sector, particularly since early July, according to a new research note released Thursday. The sector’s recent performance aligns with data from InvestingPro, showing a 5.43% return in the past week, though year-to-date returns remain down 10%.
The investment firm observed that the leisure group has been "rather strong of late" and continues to show positive momentum, though it acknowledged difficulty in identifying specific fundamental changes driving the improvement.
Raymond James suggested several possible factors contributing to the sector’s performance, including rotation into underperforming sectors for the second half of the year, noting that "our Leisure group has underperformed for three years."
The firm also pointed to improving demand conditions since "heightened macro uncertainty post Liberation Day in April" and increased optimism regarding tariffs, with the possibility they might serve as "more of a negotiating tactic than an economic policy."
Another potential catalyst identified by Raymond James is the "increased possibility of lower rates later this year," which could benefit leisure companies that have struggled with higher borrowing costs.
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