2024-02-02 10:35:06 ET
Summary
- Some consumer discretionary stocks are trading similarly to technology stocks.
- Marriott's valuation begins to rival those of tech stocks.
- Until room bookings or a market shock changes investor sentiment, Marriott's meltup in its ascending channel is likely to continue.
- Airbnb's increased regulatory scrutiny has helped Marriott and the hotel industry.
Certain Consumer Discretionary Names are beginning to trade like technology stocks
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Meltup At Marriott Is Likely To Persist Until Room Bookings Deteriorate