Airline and cruise stocks fell on Monday after a new COVID-19 strain identified in the UK led to a wave of more stringent lockdowns and travel restrictions in the area. It’s not yet known if the new COVID-19 strain, which has a higher transmission rate, is impacted by the vaccines […]
Cruise stocks gained on Thursday after Bank of America boosted its outlook for the beleaguered industry. The bank’s analysts raised price targets for Royal Caribbean Cruises, Carnival, and Norwegian Cruise Line Holdings, saying the widespread distribution of a COVID-19 vaccine can bring prices back to their pre-pandemic highs. Carnival and […]
Airlines, cruises, and hotels all traded higher on Monday as encouraging results from Moderna’s vaccine trial boosted the so-called reopening trade. Moderna announced Monday morning that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in trial patients. United Airlines, American Airlines and Delta jumped more than 5%. Cruises […]
Shark Tank star Kevin O’Leary says any further fiscal stimulus should not include PPP aid to businesses. The stimulus should include unemployment insurance for workers who will be displaced if their businesses shut down, the investor added. O’Leary said Monday’s massive stock rally on news of a 90% effective coronavirus […]
Travel stocks surged on Monday as Pfizer’s rosy vaccine announcement renewed bullishness toward the slammed industry. Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings all gained more than 30% in the rally. United Airlines surged as much as 27%, while Delta Air Lines and American Airlines climbed 23% and 26%, […]
Within the next six to eight weeks, the world could be moving closer to a major COVID-19 vaccine development, according to Stifel. Leading up to a potential COVID-19 vaccine announcement, investors should have exposure to gaming and leisure stocks that would benefit from a vaccine. These are the six gaming […]
US equities soared on Monday amid positive news around coronavirus treatments and calming US-China relations. The rally saw the S&P 500 and Nasdaq composite indexes close at record highs. The Food and Drug Administration issued emergency authorization for the use of plasma to treat COVID-19. Separately, the White House is […]
European stocks fell on Friday as the UK added six more countries to its 14-day COVID-19 quarantine list. The UK’s benchmark FTSE 100 fell 1.9% and the Euro Stoxx 50 dropped 1.6% in early European trading. The decision, which comes into effect Saturday, implies that travellers arriving in the UK […]
Byron Wien told Bloomberg that the bear market and recession are over, and while the S&P 500 may climb slightly higher, it will not be making any “major strides upward” this year. The vice chairman of Blackstone Private Wealth Solutions said the S&P 500 is “fully priced.” He also applauded […]
Cruise stocks slumped in Friday morning trading, continuing a downturn after the CDC extended its no-sail order through September 30. Royal Caribbean fell as much as 4.5%, while Carnival and Norwegian Cruise Line dropped 2.9% and 3.8%, respectively. All three companies sank at least 7% in Thursday’s session. The cruise […]
Insiders at Hertz took advantage of an epic 1,450% rally in the stock to unload shares at levels where Robinhood traders were buying. Despite filing for bankruptcy in late May, and Carl Icahn unloading his entire stake for a $US1.6 billion loss, traders piled into Hertz in late May and […]
Shares of airlines, hotels, and cruise lines all traded lower Monday as China’s coronavirus spreads. So far, the virus has killed 80 and infected more than 2,700 worldwide. Global stocks and oil also slipped as the virus continues to infect more people. Safe-haven gold rose. Here’s how much 18 travel […]
