Younger investors have lately been buying shares of cruise lines, two Wall Street strategists told CNBC on Monday.
“But again, if you’re a millennial client you may look at that and say, ‘Longer term, these make sense to me.'”
The younger investors particularly started to add exposure to the cruise lines in the last two weeks of the month, Kinahan added in a follow-up call.
In addition to a long-term belief that the cruise lines could recover from their coronavirus-driven sell-offs, Kinahan said younger clients may be interested in the stocks for a personal reason.
“They may be some of the first customers who are willing to jump back in to do cruises,”…