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Travel stocks take off

July 25, 2013: 12:29 PM ET

Click for live quote on TripAdvisor.

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.

$EXPE ... I DROPPED THE BALL ON BUYING $TRIP . Now it's my old buddy $EXPE time to take off.

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.

$EXPE often ignored, passed over in favor of $PCLN, a beat should bring good upside but a miss shouldn't bring much downside. Only up 4% ytd

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.

$PCLN ahead of $GOOG. I say $940 before earnings if $EXPE does well.

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.

@Lukas @trader85003 $TRIP This will fade through the day, I am trying to teach myself patience..

Others say TripAdvisor is setting up for a fall, and they are going short.

$TRIP shorts hovering like vultures, some already chowing down. hod already in.

$PCLN short is on against $900 completes a measure move to $860

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Ben Rooney
Ben Rooney
Staff writer, CNNMoney

Ben Rooney is a staff writer for CNNMoney. He covers the European debt crisis and other international finance stories, in addition to writing about stocks, bonds, investing and other Wall Street-related news. Follow Ben on Twitter: @ben_rooney

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