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Long position. We believe that car rentals will increase together with tourism as travel restrictions are lifted. Building initial portfolio based on recent changes in the market and by taking long positions in "reopening stocks" and short positions in "stay home stocks."
Based on the long-short momentum strategy (with 30 long and 10 short positions), CAR is in the top 30 performing companies in Nasdaq available on this platform. Short-term and long-term momentum show a positive trend, therefore we buy the stock.