Wall Street traded lower on the final session of the month, heading for its third consecutive monthly loss as economic data began reflecting the impact of Trump tariffs.
Gaming and lodging stocks are under pressure as recession risks mount, BofA Securities reports. With tariffs weighing on GDP, analysts warn of a potential 3%–8% EBITDA hit. Hotel and timeshare sectors remain the most exposed, while REITs and Gaming OpCos face heightened earnings risk. Stocks are now trading at their lowest valuations since the COVID-19 and GFC downturns.
Wall Street closed mixed on Friday, with the S&P 500 managing to break a four-week losing streak despite persistent concerns over tariffs, economic uncertainty, and tech sector weakness.
I still want to address recessionary environments now – even while the markets are back on their “everything is awesome” kick. Today, we’ll look at sectors to avoid.
