3 stocks ripe for profit-taking

Financial Journalist
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New Year investment stories are usually full of buy ideas. I’ll start off my first Switzer Report column for 2020 with a sell idea: tourism, a sector I have long favoured.

For clarity, I still like the prospects for listed tourism companies over 3-5 years. As I have explained before in this Report, the coming boom in middle-class consumption in emerging countries is a long-term tailwind for our tourism industry.

But the industry’s short- and medium-term prospects (zero to three years) have become more challenging due to natural disasters, a slowing economy, rising competition and on valuation grounds in some high-flying tourism-related stocks.

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