Companies

Marine stocks benefit from ‘Staycation’ trend

IBI 2020-05-22T16:17:00

Swedish boating family

Shares of Dometic Group, noted Bloomberg, have jumped 71% since the end of March, topping Europe’s Stoxx 600 Index for the same period.

With the Covid-19 pandemic leading more people to ditch foreign holiday plans and seek closer-to-home options, the best performing stock in Europe’s benchmark stock index this quarter is a Swedish supplier of equipment for boats and recreational vehicles,” reported Bloomberg News today.

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