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It’s a Cruel Summer

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. 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.

Symbol
Price
 
Change
%Change
LVS
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Meanwhile, Royal Caribbean shares headed farther south than its ships, as fears about swine flu as well as the weak economy dampened demand.

Symbol
Price
 
Change
%Change
RCL
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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.

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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)

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