A Time to Buy and a Time to Sell-Avis

It's no secret that the rental car market has been hurting desperately since the start of covid; they are intertwined with the tourist industry. We have seen giants fall like $Hertz Global Holdings Inc$, and $Carnival(CCL.US)$ because of the lackluster tourist industry. Avis has been hit but it has endured. I expect the time to short selling will be over the next couple months as states begin closing due to Covid-19 outbreaks.

Once the U.S. gets its act together or finally comes out with a vaccine, the tourist industry will come back with such a roaring force that any company that has endured 2020 will be gripping their edge of their seats as profits will be blowing them away as they will be the ones left standing and reaping their rewards. Avis has a track record of enduring, consider them if you are in for a long position.

In a month, I expect the stock to fall back to below $35 and float at the low $30s. Depending on how hard Covid hits, could drop back to $28 before rebounding next spring.