Off-Duty Spending: Dining, Leisure & Trips

Own the businesses monetizing consumers' time away from work through dining, entertainment, recreation and trips, rather than another travel-and-card-spending basket. Priceline's fresh travel-trends release highlights changing vacation preferences among GLP-1 users, creating a company-specific reason to revisit experience spending. Restaurants, streaming and athletic recreation broaden the basket beyond tourism; changing preferences are an opportunity, not proof of stronger aggregate demand. Catalysts: - 2026-10-12 BKNG: Priceline reveals travel trends as GLP-1 users change how they vacation (https://www.barchart.com/press-releases/6674296/priceline-reveals-2027-where-to-next-travel-trends-report-as-americans-find-new-ways-to-make-every-trip-count) Launch basket (equal weight): BKNG, MCD, NFLX, NKE, UBER, CMG, SBUX, CCL, MAR, HLT Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.