

The company’s last earnings report was actually quite good, all things considered. I recently explained why investors have been too harsh on ABNB stock.

That same travel-heavy exchange-traded fund, PEJ, has lost 9.3% since the beginning of June. Meanwhile, vaccine skepticism has slowed vaccination rates in certain states and countries. New waves and variants of the novel coronavirus, such as Delta, have slowed down the travel sector recovery. However, that enthusiasm has dimmed considerably. The Invesco Dynamic Leisure and Entertainment ETF (NYSEARCA: PEJ) gained more than 20% in the first five months of the year.

Earlier this spring, there was a great deal of excitement for the airlines, hotels, and related stocks. It’s been an up-and-down year so far for travel stock.
