Travel and leisure sector-related exchange traded funds climbed on Friday on strong third quarter results out of Airbnb (NasdaqGS: ABNB) and Expedia Group (NasdaqGS: EXPE). On Friday, the ETFMG Travel Tech ETF (AWAY) advanced 5.1% and the Invesco Dynamic Leisure and Entertainment ETF (PEJ) increased 3.9%. Meanwhile, Airbnb shares jumped 12.1% and […]
ETFs
Prices of a range of stocks as well as exchange-traded funds (ETFs) have appreciated significantly since the start of 2021. In many cases, valuation levels have become overstretched. Similarly, short-term technical charts point to overbought levels. Therefore, as we get ready to wrap up the first quarter of the year, […]
The dual news has infused optimism into the sectors, including cruise lines, airlines, hotel and casino operators, and travel and entertainment-booking companies. Notably, airlines and cruise sectors were among the biggest winners on the day. American Airlines AAL, Delta Air Lines DAL and United Airlines UAL were up more than […]
The development in the potential coronavirus vaccine has infused strong optimism into the broader markets. This is especially true, as Moderna Inc. MRNA has inched closer to a vaccine following promising early data (read: Moderna Inches Closer to Coronavirus Vaccine: ETFs to Shine). The data demonstrates that vaccination with mRNA-1273 […]