Refinitiv has seen big spikes in Eikon Usage data for airline, hotel and entertainment stocks as vaccination rates continue to rise (See exhibit 1).  Both the number of Eikon users and stock hits for these stocks have been on the rise and are considerably higher compared to pre-pandemic levels. The strong and positive correlation between the data sets is significant, underlying users’ prospects on the re-opening trade. Exhibit 1: U.S. Vaccinations % of Population vs. Airline, Hotels & Entertainment stocks views on Eikon Still, as COVID concerns return, these re-opening stocks keep being pushed back. These industries remain vulnerable as

The recent Refinitiv/Ipsos reading on consumer sentiment around reopening the economy suggests that the bulk of consumers are willing to attend a live concert, theater performance or movie theater — when there is a proven coronavirus vaccine, even if that’s a year or more from now. This doesn’t bode well for mall retailers that had already been hurting from weak store traffic pre-coronavirus pandemic. Recently, Simon Property sued Gap for not paying rent, and if shoppers are not ready to return to the mall, owners could potentially face more financial trouble. This is reflected in the Refinitiv earnings forecasts. What’s

Tencent Music Entertainment and rival Spotify are now officially engaged in a duet, or maybe a duel. The Chinese streaming music service’s initial public offering valued it at the same $23 billion as its Swedish peer. Their business models are worlds apart, but from here on in they are likely to get much more alike. Having priced its shares at the bottom of its indicated range, Tencent Music did better than might have been expected given the recent whipsawing of tech stocks. The shares managed roughly a 10 percent pop on their Wednesday debut. The resulting valuation of around eight