stocks

3 Top Travel Stocks to Buy Now

As everyone knows, the travel and leisure industry is in the dumps right now as a result of the COVID-19 pandemic. Yet better therapeutics are coming to market every day, and with each passing day, we are getting closer to a vaccine. Bill Gates believes there could be vaccine approvals as early as December or January, meaning the pandemic could end by mid- to late 2021.

There is likely a lot of pent-up demand for travel after a year of restricted movement. Given the run-up in “stay-at-home” stocks this year, investors may wish to look at high-quality travel and leisure stocks that are still down on the year.

That’s why MGM Resorts International  (NYSE:MGM), Disney (NYSE:DIS), and Expedia (NASDAQ:EXPE) all look like promising “post-vaccine” bounce-back travel picks today.

Sunglasses and a facemask on a suitcase.

Three stocks to play a travel turnaround. Image source: Getty Images.

MGM Resorts International

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Travel stocks sink, Amazon probe, UK property boom

BA and other airlines' shares sank on Monday. Photo: Stefan Wermuth/Reuters
BA and other airlines’ shares sank on Monday. Photo: Stefan Wermuth/Reuters

Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world:

European travel stocks sink as Germany slaps quarantine on Spanish travellers

Leading European travel stocks sank as much as 1.7% in early trading on Monday, as gloom over rising infection rates in parts of Europe hit the sector’s prospects.

Germany’s health minister Jens Spahn hit out at “irresponsible” party holidays in Spain during the pandemic as he defended measures likely to limit German travel to the country.

Germany designated most of Spain including Mallorca as an at-risk region, meaning those returning from travel there face two weeks’ quarantine or a test.

Cases have risen recently in both countries, but the move is a major blow to Spanish tourism after the UK imposed similar quarantine rules on its

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Travel, Retail Stocks Had Nice Start To Week, Highlighted By Foot Locker, Royal Caribbean

Over just six months, the S&P 500 Index (SPX) has gone from record highs to three-year lows back to the doorstep of new record highs this morning. 

As this relentless rally rolls on, it’s important to keep in mind that a number is just a number. Still, it’s hard to ignore the symbolism if the SPX moves above that old February intraday level of 3393. Six months may seem like a long time, but it took nearly a decade for stocks to revisit their 2007 highs after the financial crisis. Things seem to be going in fast motion as the SPX is up seven sessions in a row. 

This morning, people are bidding up stocks ahead of the bell in hopes that a Russian vaccine approval could be the first step toward ending the crisis. It’s positive news, but might get viewed with the old “fish eye.” We’ll believe it

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FTSE 100 dragged lower by travel stocks as more lockdowns kill holiday spirit

The beaches are popular tourist hotspots in the holiday season: AFP via Getty Images
The beaches are popular tourist hotspots in the holiday season: AFP via Getty Images

In more normal times, this week should have been the start of the summer holiday season. But with Barcelona among popular locations facing the possibility of a return to lockdown in the next fortnight, there were few signs of getaway optimism today.

Shares in airline, hotel and leisure companies were again squeezed on the London market, with investors increasingly nervous after a surge in coronavirus cases over the weekend.

Low-cost airline easyJet saw its shares fall 2% to 647.4p, while International Airlines Group was down 3% to 212.7p. The pressure on the British Airways owner reflected the increasingly worrying global picture, with Hong Kong this weekend reporting the biggest spike in cases since the start of the pandemic in January.

The flight from risk also meant GKN owner Melrose Industries, which makes parts for Airbus,

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