Coronavirus slams travel stocks, and traders warn one name is most vulnerable

Coronavirus slams travel stocks, and traders warn one name is most vulnerable (via TradingNation)

, managing director of FX strategy at BK Asset Management, says Marriott looks more vulnerable than Booking here.

Marriott and Booking have both been hard hit on the expectation travel restrictions in Asia and consumer wariness around travel would hurt overall revenue. The two stocks have declined nearly 20% so far this year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Health insurer shares pummeled by Sanders surge, virus worriesAs concerns over the spreading coronavirus outbreak hammered U.S. stocks, one co...
Read more »

China's main manufacturing hubs reboot after virus shutdownAs many parts of China ease coronavirus travel curbs, main manufacturing hubs in...
Read more »

Coronavirus live updates: CDC raises travel warning for South Korea, US airlines waive cancellation feesThe total number of COVID-19 cases climbed above 80,200 as of Tuesday morning with deaths climbing to at least 2,704.
Read more »

Coronavirus: CDC issues heightened travel warning for South Korea amid COVID-19 spreadThe Centers for Disease Control and Prevention is warning against travel to South Korea because of the continued spread of the coronavirus worldwide.
Read more »