Airbnb, Trip.com and Expedia lead strong day for travel and leisure stocks
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Travel and leisure stocks outperformed the broad market in early trading on Tuesday. With corporate earnings on the front burner of investors again, recent solid data reads on global and domestic travel has boosted confidence that guidance updates from travel and leisure companies could be solid.
Notable gainers included Airbnb (NASDAQ:ABNB) +3.30%, Trip.com (TCOM) +2.88%, Bally's Corporation (BALY) +2.61%, Tripadvisor (TRIP) +2.48%, Red Rock Resorts (RRR) +2.47%, Full House Resorts (FLL) +2.46%, Expedia (EXPE) +2.45%, Hyatt Hotels (H) +2.44%, Lindblad Expeditions (LIND) +2.40%, Cedar Fair (FUN) +1.99%, Hilton Worldwide (HLT) +1.85%, Wynn Resorts (WYNN) +1.57%, and Travel + Leisure (TNL) +1.40%. Those gains came with broad market averages in negative territory during the morning session.
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