TRIP - Merck relief rally sweeps over restaurant hotel and travel sectors

It is a Merck party in the going-out part of the retail sector after the company's COVID treatment pill is seen as a potential turning point. The Merck update also follows improving COVID hospitalization trends in key parts of the U.S. Restaurant gainers include Luby's (LUB +11.2%), Bloomin' Brands (BLMN +5.4%), Dave & Buster's Entertainment (PLAY +5.6%), Cheesecake Factory (CAKE +3.0%), Dine Brands Global (DIN +3.9%) and Ruth's Hospitality Group (RUTH +5.1%). Travel and leisure stocks on the move include Carnival (CCL +3.6%), OneSpaWorld Holdings (OSW +3.5%), Hyatt Hotels (H +3.9%), Hilton Worldwide (HLT +3.8%), Marriott International (MAR +3.5%), Planet Fitness (PLNT +3.3%), MGM Resorts (MGM +2.7%), Six Flags Entertainment (SIX +3.1%), TripAdvisor (TRIP +6.4%), Expedia (EXPE +3.6%), Norwegian Cruise Line Holdings (NCLH +4.8%), Royal Caribbean (RCL +3.4%), Booking Holdings (BKNG +2.3%) and Cedar Fair (FUN +2.7%). All those gains come with the broad market relatively flat.

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Merck relief rally sweeps over restaurant, hotel and travel sectors