PTON - Investors fade pandemic favorites to snap up airline casino and travel stocks
Airline and other travel or leisure related stocks are breaking higher after positive results from Pfizer's COVID-19 pill adds to the positive sentiment already building over earnings reports from within the sectors. Airlines are leading the way with SkyWest (SKYW +11.0%), Mesa Air Group (MESA +11.0%), Hawaiian Holdings (HA +8.3%), Allegiant Travel (ALGT +7.6%), JetBlue (JBLU +7.2%) and Delta Air Lines (DAL +7.0%) leading the way. Gainers in the casino sector include Century Casinos (CNTY +11.6%), Penn National Gaming (PENN +8.1%), MGM Resorts International (MGM +6.9%), Boyd Gaming (BYD +5.5%) and Wynn Resorts (WYNN +6.7%). Advancers in the lodging sector include Expedia (EXPE +14.9%), TripAdvisor (TRIP +7.8%), Booking Holdings (BKNG +6.7%), Choice Hotels International (CHH +3.3%), Wyndham Hotels & Resorts (WH +3.2%) and Hilton Worldwide (HLT +3.1%). Cruise line stocks Royal Caribbean (RCL +9.3%), Carnival (CCL +9.0%) and Norwegian Cruise Line Holdings (NCLH +9.0%) are also higher. Pandemic favorites like
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Investors fade pandemic favorites to snap up airline, casino and travel stocks