Time for RV Investors to Hit the Road
The recreational-vehicle industry is enjoying a nice ride, but investors shouldn’t park their money for long. With plane travel still largely grounded and the cruise industry temporarily docked, recreational vehicles offer owners the ability to turn shelter-in-place into an instant summer vacation. That has been a boon lately for RV stocks, after the industry was hit hard at the beginning of the pandemic. Shares of RV-makers Winnebago Industries WGO -0.47% and Thor Industries THO 1.14% have both more than doubled over the last three months, while Camping World Holdings CWH -0.68% has more than tripled.
The summer of the RV may very well be upon us: On earnings calls last month, both Winnebago and Thor reported a recent influx of first-time customers. Thor said some buyers are even using RVs beyond leisure as creative workspaces, enabled by the spread of remote work policies. Back in May, Camping World Holdings Chief Executive Marcus Lemonis told investors on an earnings call that the first weekend in May “was the biggest weekend in our company’s history, period, end of story, in all aspects, [for] every part of our business.” Read more…………..
Chart Of The Day
Kyle Bass, founder and CIO of Hayman Capital, joins Real Vision’s Raoul Pal to break down the state of global macro. Bass talks about the bifurcation between capital markets and the real economy due to unprecedented monetary policy response. Bass and Pal discuss both temporary and permanent behavioral changes in response to coronavirus shutdowns and the potential for the global economy to stave off an insolvency crisis. Finally, Bass shares his perspective on U.S. – China tensions and provides viewers with a few ideas for investments that can help portfolios navigate today’s uncertain markets.