Travel stocks are top performers in the market
The stock market’s hottest trade isn’t the one most of us may be thinking of.
AI mania was a significant tech pushing stocks higher in the second quarter.
Tweet on Travel stock’s recent gains
It's not Nvidia, but the travel stocks who gained the most!
Carnival gained over 80% in the quarter, while Royal Caribbean Group and Norwegian Cruise Line Holdings each advanced about 60%, @wsj reports#travel #tsocks #ai #nvidiahttps://t.co/pNv1R0c9tN
— The_Journalbiz (@the_journalbiz) June 30, 2023
WSJ News on travel stocks as tourism resumes after the pandemic
As of Friday afternoon,
According to Dow Jones Market Data, the chipmaker Nvidia has gained more than 50% over the past three months, making it the fourth-best performing stock in the S&P 500.
The top three, however, are cruise stocks, which have surged as Americans resume pre-pandemic travel habits.
Carnival has gained over 80% in the quarter, while Royal Caribbean Group and Norwegian Cruise Line Holdings have each advanced about 60%.
- Carnival Corp. CCL (U.S.: NYSE) -$18.73 USD1.579.15%
- Royal Caribbean Group. RCL (U.S.: NYSE) -$104.10 USD2.542.50%
- Norwegian Cruise Line Holdings Ltd. NCLH (U.S.: NYSE)- $21.82 USD0.924.40%
- NVIDIA Corp. NVDA (U.S.: Nasdaq)- $424.27 USD16.05
