Why Travel Stocks Got Crushed Today
Aug 8th 2012 6:00PM
Updated Aug 9th 2012 12:10AM
Investors around the globe are exhausted. Every day it seems there's another issue plaguing Europe. You would't blame them for taking a much-needed rest or weekend getaway, but apparently they're opting for the comfort of home. At least that's what the numbers out of two online travel stocks suggested today. Results from both Orbitz and industry bellwether priceline.com are leading investors to ask for an early checkout. That kind of move comes at a cost today, with Priceline shares down more than $100 in one day. That's certainly something you don't see very often, but it's not suprising given the quickly decelerating trends the company is seeing across its European segment.
Online travel isn't the only industry taking it on the chin. A weak consumer has really weighed on many retailers. Despite these headwinds, our analysts still think two retailers have especially good prospects. To find out more, take a look at The Motley Fool's special free report: "The Death of Wal-Mart: The Real Cash Kings Changing the Face of Retail." In it, you'll see how these two cash kings are able to consistently outperform and how they're planning to ride the waves of retail's changing tide. You can access it by clicking here.
The article Why Travel Stocks Got Crushed Today originally appeared on Fool.com.Austin Smith and Brenton Flynn have no positions in the stocks mentioned above. The Motley Fool owns shares of priceline.com and TripAdvisor. Motley Fool newsletter services recommend priceline.com and TripAdvisor. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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