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Travel stocks rally, stay-at-home companies plunge as pandemic wanes and tourism rebounds

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Pfizer said on Friday its Covid-19 pill could cut hospitalization risk or death by 89%, and the U.S. prepares to lift international travel bans Nov. 8.

Travel companies like Delta, Airbnb and Expedia pointed to clear signs of recovery in recent earnings reports.Dr. Scott Gottlieb told CNBC on Friday that Covid-19 could end in the U.S. by early January.Paul Bersebach | MediaNews Group | Orange County Register via Getty Images

As travel industry executives tout the rapid resurgence of tourism and entertainment, the pandemic stock portfolio is getting turned upside down., after earnings reports showed clear signs of a recovery in travel. At the same time, stay-at-home stocks are sagging as borders reopen and health experts indicate that an end to the Covid-19 pandemic could come sooner than expected.

 

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