Investors caught a case of the travel bug Thursday after a blowout quarter from TripAdvisor lifted shares of other online travel companies.
Shares of TripAdvisor (TRIP) surged 16% after the company said late Wednesday that earnings and revenue jumped in the second quarter, blowing past analysts' estimates.
Some traders on StockTwits are hoping the trend will continue when Expedia reports quarterly results after the closing bell Thursday.
Analysts are expecting Expedia (EXPE) to report a sharp drop in earnings, while revenue should be up 21%, according to consensus estimates from Thomson Reuters.
Priceline (PCLN) shares were also riding TripAdvisor's coattails Thursday, gaining 2% to $910. That puts Priceline ahead of Google (GOOG) in the race to reach $1,000 a share. Google was down 1.5% to $890 a share.
Priceline is expected to report earnings growth of 19% when it releases quarterly results next month.
But some traders say the rally in TripAdvisor shares is overdone and will peter out later in the day.
Others say TripAdvisor is setting up for a fall, and they are going short.
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