Memorial Day is a national holiday in the United States honoring and mourning the military members who have sacrificed in the line of duty by serving in the US Armed Forces. The holiday is usually observed on the third Monday of May each year.
Memorial Day has become widely accepted as a day to honor those fallen soldiers who were not part of the combat forces. However, there are veterans who hold on to their views that the holiday actually honors those fallen soldiers who were a part of the First World War, the Second World War and the Gulf War, in addition to the First and the Second World Wars.
From a commercial standpoint, Memorial Day also kicks off the start of Summer, despite Summer not officially starting for another four weeks. But nevertheless, Memorial Day means people are traveling and spending money once they reach their destination.
So what are the best stocks or sectors to trade over the coming Summer months…the airliners, hotels (probably the biggest winner will be Airbnb), the amusement parks, etc? If you decide to just stay put…look for the restaurant industry and even Uber to outperform.
