Travel and Leisure Stocks Bounce Back
Consumer cyclical stocks are overvalued.
The consumer cyclical sector is off to a solid start in 2021, bolstered by the sector’s strong end to 2020. While the 4.2% returns in the first three months of 2021 may appear modest (in line with the market’s 6.0% marks), this follows robust returns of nearly 92% over the trailing 12 months, far outpacing the 58% gains posted by the broader market.
Consumer cyclical shares performed in line with the broader market - source: Morningstar
Erin Lash does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.