As China eases Covid restrictions, Club stocks stand to gain

Environment

Although domestic travel in China continues to be jeopardized by Covid-19 outbreaks and lockdowns, international flights have doubled since June.
Bloomberg | Bloomberg | Getty Images

The Chinese government’s move Wednesday to further roll back strict Covid-19 measures should boost the prospects for a host of Club holdings with substantial operations in China, including Estee Lauder (EL), Wynn Resorts (WYNN) and Starbucks (SBUX), all of which have been weighed down by nearly three years of lockdowns.

Articles You May Like

EV charging for the U.S. freight trucking market is starting to scale
Sean ‘Diddy’ Combs’ homes raided by federal agents
Valdez’s quest to be a three-division champion — and become a Mexican great
Big Auto is begging governments to let them go bankrupt as Chinese EVs loom
UN Security Council passes resolution demanding Gaza ceasefire – as US abstains