How Have Travel Stock Prices Reacted to Trump’s Win?

After initial jitters, the S&P 500 recovered by a wide margin, rising 1.1% at the close of trading on November 9, 2016. Except for online travel agents, travel stocks also performed well.

Among airlines, Spirit Airlines (SAVE) and Allegiant (ALGT) rose the most, rising ~3% each. American Airlines (AAL) rose 1.7%, and Delta Air Lines (DAL) rose 1.6%. United Airlines rose 1.4%, and JetBlue Airways rose 1.3%, followed by Southwest Airlines, which rose 1.1%. Alaska Air Group rose 0.65%. No airlines were in the red.

All major hotel stocks were also in the green. Marriott (MAR) rose the most, gaining 1.5%, followed by Hilton Group (HLT), which rose 1.3%, and Wyndham, which rose 1.2%. Hyatt (H) was flat at 0.21%.

However, all online travel stocks were in the red. Priceline (PCLN) fell 0.5% on the day, and Expedia fell 1.8%. Ctrip (CTRP) fell nearly 3%, and TripAdvisor (TRIP) fell almost 16.6%, mainly due to its earnings release on November 8, 2016.

Needless to say, individual company dynamics and earnings performances should also be taken into consideration when analyzing these stock performances.

The S&P SPDR 500 ETF (SPY), which tracks the S&P 500 Index, has risen 1.1% in the same period. The Consumer Discretionary SPDR ETF (XLY), which tracks the performance of the consumer discretionary sector, including travel stocks, has risen 0.2%.