Travel and leisure stocks bounce back from oil and war fears

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Vacation, leisure and lodging stocks broke higher on Tuesday as investors latched on to hopes that higher gas costs and the European war headlines will not cut deeply into spring and summer months demand from customers. There was also a report that Ukraine’s president is no for a longer period pushing for NATO membership as a settlement need.

Updates from Alaska Air Group on ability and Scheduling Holdings on demand early in the day ended up far better than feared and helped to increase sentiment.

Gainers incorporated TripAdvisor (Vacation +13.%), Airbnb (ABNB +8.3%), Expedia Group (EXPE +7.3%), Norwegian Cruise Line Holdings (NCLH +6.9%), Lindblad Expeditions (LIND +5.6%), Booking Holdings (BKNG +5.6%), Carnival (CCL +4.8%), Earth Health (PLNT +7.7%), Six Flags Amusement (Six +7.3%), Drive Shack (DS +5.7%), Xponential Physical fitness (XPOF +13.2%), Hilton Globally (HLT +6.4%), InterContinental Hotels Group (IHG +5.2%), Marriott Worldwide (MAR +6.4%), Alternative Resorts Worldwide (CHH +4.3%), Hyatt Motels (H +5.9%), SkyWest (SKYW +14.5%), Mesa Air Team (MESA +11.1%), Sunlight Nation Airlines (SNCY +11.5%), American Airlines Team (AAL +9.%), Southwest Airways (LUV +8.1%), Allegiant Travel (ALGT +7.2%) and Hawaiian Holdings (HA +9.6%).

The gains nowadays observe a weak session on Monday when oil and war problems stoked offering stress.

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