Chagee barely moved, Trip.com and Coca-Cola both dipped slightly — these three stocks cover new Chinese concept tea drink stocks, Chinese concept travel, and US defensive consumption, and they all performed weakly today.
This kind of secondary new stock like Chagee lacks continuous catalysts, Trip.com's pre-peak season expectations haven't fully fermented yet, and Coca-Cola is a high-dividend defensive consumption play affected by the sideways US dollar environment.
Is the consumption sector waiting for the next driving signal? It looks more like — before the three key points of 618, summer travel, and Q2 earnings reports, this consumption line is highly likely to continue grinding at low levels.
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