According to SpringOwl Asset Management, the temporary dip in travel stocks after the introduction of Covid-19 is an opportunity for some good buying opportunities.

Travel and tourism stocks were hammeredOmicron was classified as “variant of concern” by the World Health Organization. Numerous countries have also made the move to reimpose border restrictions.

SpringOwl CEO Jason Ader said that the immediate pullback “is not dissimilar” from that experienced with the discovery in late 2020 of the delta variant. However, it is likely to be temporary and he remains bullish on global travel stocks.

CNBC’s Darren said that it’s in these periods where investors are most interested where they make the greatest returns. “Squawk Box Asia”On Tuesday.

Although it may not occur as rapidly as the bulls would like, it will happen. He said that the current pullback in stock prices is an opportunity for investors.

SpringOwl Asset Management remains bullish about casino stocks in Macao. It was particularly affected by travel restrictions for mainland Chinese visitors. recent regulatory crackdowns.

“The Macao gaming companies now — because of the pandemic but also because of some potential changes in regulation — probably present some of the best value in the entire stock market right now,” said Ader.

Ader stated Las Vegas SandsParticularly attractive is, which has resorts and casino operations in Macao, the U.S.A, and Singapore. On Tuesday, shares closed at around $35 each, down approximately 50% from January 2020.

Ader stated, “That’s at my top right now of businesses that have been directly affected by tourism and travel,” pointing out the company’s strong balance sheets.

“I feel we will look back in the future and wish we had bought more,” he said.