Is the Travel Boom Ending? These 2 Stocks Point to Yes.
The stock market was mixed on Friday, as investors have had trouble gaining traction even when good news comes out. For instance, today's reading on inflation suggested that price pressures seem under control. Yet gains in major market indexes petered out somewhat by midday.
The travel industry has done quite well lately, benefiting from pent-up demand from consumers who were stuck at home during the early years of the COVID-19 pandemic. However, even as cruise trips and ski vacations have rebounded, shares of Carnival (NYSE: CCL) and Vail Resorts (NYSE: MTN) lost ground on Friday. Here's why.
Shares of Carnival gave up early gains and fell 5% at midday on Friday. The cruise line giant reported fiscal third-quarter financial results for the period ended Aug. 31, but investors weren't entirely pleased with its projections for the rest of the year.
Source Fool.com
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