What's the idea? The crude oil tanker market is expected to face heightened demand and longer routes as a result of geographic demand-supply differences among regions. Another current driver is political instability that reshuffles global fleet routes and contributes to growth of needed charter times. As the average mileage remains at historic highs, oil tanker companies’ revenues will benefit. Supply of oil tankers remains rigid due to price rise and length of investment cycle in the ship construction industry. The aging fleet contains supply growth as well. Northern American has a strict specialization on Suezmax-type vessels, which contains its operational and maintenance costs and provides operational flexibility. The company targets regular dividend payments, despite its inherent business volatility and manages to pay dividends even in the negative-EPS years.

What's the idea? Deutsche Lufthansa AG is one of Europe's leading airline groups. In addition to its own brand, Lufthansa Airlines, the group owns several other airlines, including SWISS, Austrian Airlines, Brussels Airlines and Eurowings. Air passenger transport in the EU reached 976.4 million passengers in 2023, up by 19% year-over-year (YoY). However, the figure remains 5.7% below the pre-pandemic level in 2019. In 2024, passenger traffic in European airports may surpass the 2019 level by 3.2%. Operationally, Lufthansa faced challenges in Q1 2024, including widespread strikes. Nevertheless, traffic revenue in the Passenger Airlines segment increased by 7% YoY, driving total revenue up by 5% to €7,392 million.

What's the idea? Tourist traffic to Macau continues to grow, with 57% more passengers traveling on the Hong Kong-Zhuhai-Macau route in the first five months of 2024 compared to the same period last year. On 30 June 2024, the Chinese authorities opened a bridge between Shenzhen and Zhongshan in Guangdong Province, improving accessibility to Macau from mainland China and boosting the economic prospects of the Greater Bay Area. Las Vegas Sands exceeded its Q1 2024 guidance on key financial metrics. Given the positive passenger traffic dynamics in Macau, this scenario is likely to be repeated in Q2, which could lead to a positive revaluation of the company's shares. We recommend buying CALL options on LVS stock with a strike price of $45 and an expiration date of 20/09/2024. The option will cost around $2.70, while one contract will cost around $270 as options are traded for 100 shares.

What's the idea? Tenable is able to quickly attract new customers due to its market leadership, which is noted by several analysts. Modern technology requires higher investment in cybersecurity, which stimulates the growth of the market for relevant tools. The volume of the global cyber threat management market by 2032 will reach $31.5 billion, implying an average annual growth of more than 10% in 2023-2032. In 2023, Tenable closed a deal to purchase a company in the field of cloud infrastructure cybersecurity — Ermetic. In June 2024, the company announced the acquisition of Eureka Security, which will further expand Tenable's offerings in the field of cloud environment security. Tenable has created a strategic alliance with Deloitte, which may give an additional boost to the growth of the customer base in the near future. The company began to attract larger customers by offering comprehensive cybersecurity services. Tenable implements a share repurchase program, the authorized amount of which is 1.27% of the company's market capitalization.