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Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
Text Size
Jul.31
5:36 PM ET
Friday, 31 Jul 2009
It’s a Cruel Summer

Entry Point

Considering some of the biggest travel & leisure stocks have tumbled lately, is the high-season already over for these names?

Take for example, Las Vegas Sands [LVS  Loading...      ()   ]. Shares tumbled on Friday after the company said it lost $175 million in the quarter largely due to reduced spending at its hotels and casinos.

(LVS)
Loading...       (%)

Meanwhile, Royal Caribbean [RCL  Loading...      ()   ] shares headed farther south than its ships, as fears about swine flu as well as the weak economy dampened demand.

(RCL)
Loading...       (%)

To make the scenario even more bearish, fresh data released Friday showed a sharp drop in consumer spending, which in turn fanned fears that recovery would be sluggish

What’s the travel & leisure trade?

I’d be cautious of these stocks, counsels Tim Seymour.

I wouldn't even play a short-squeeze, adds Joe Terranova.

______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to .

Trader disclosure: On July 31st, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (AMZN), (MSFT), (MCD); Terranova Is Short (TM)

For Joe Terranova:
Terranova Works For (VRTS)
Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
Virtus Diversifier PHOLIO Owns (IGE)
Virtus Diversifier PHOLIO Owns (DBC)
Virtus Diversifier PHOLIO Owns (DBV)
Virtus Investment Partners Owns More Than 1% Of  (ABD)
Virtus Investment Partners Owns More Than 1% Of  (CBL)
Virtus Investment Partners Owns More Than 1% Of (CAL)
Virtus Investment Partners Owns More Than 1% Of  (CLB)
Virtus Investment Partners Owns More Than 1% Of  (DLR)
Virtus Investment Partners Owns More Than 1% Of  (EXR)
Virtus Investment Partners Owns More Than 1% Of  (IGE)
Virtus Investment Partners Owns More Than 1% Of (MEE)
Virtus Investment Partners Owns More Than 1% Of  (DBC)
Virtus Investment Partners Owns More Than 1% Of  (DBV)
Virtus Investment Partners Owns More Than 1% Of  (DBA)
Virtus Investment Partners Owns More Than 1% Of St Mary Land & Exploration Co
Virtus Investment Partners Owns More Than 1% Of  Seagate Tax Refund Rights
Virtus Investment Partners Owns More Than 1% Of  (SKT)
Virtus Investment Partners Owns More Than 1% Of  (TNB)
Virtus Investment Partners Owns More Than 1% Of  (UA)
Virtus Investment Partners Owns More Than 1% Of  (WBMD)

For Mike Khouw:
Cantor Fitzgerald & Co. Is A Market Maker In (AAPL)
Cantor Fitzgerald & Co. Is A Market Maker In (AMSC)
Cantor Fitzgerald & Co. Is A Market Maker In (EXPE)
Cantor Fitzgerald & Co. Is A Market Maker In (GOOG)
Cantor Fitzgerald & Co. Is A Market Maker In (INTC)
Cantor Fitzgerald & Co. Is A Market Maker In (MSFT)
Cantor Fitzgerald & Co. Is A Market Maker In (NKE)
Cantor Fitzgerald & Co. Is A Market Maker In (SYMC)
Cantor Fitzgerald & Co. Is A Market Maker In (YHOO)

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CNBC.com with wires

© 2009 CNBC

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