Stocks tips

European travel stocks stumbled into some profit-taking as earnings season kicked off and extreme weather hit in July, but many investors are betting relatively attractive valuations and solid demand will keep supporting the sector.

InterContinental Hotels Group (IHG Hotels & Resorts) CEO Keith Barr told the Financial Times this week that “several shareholders” had asked his team at an investor roadshow last month if it would consider a switch away from listing on the London stock market to New York’s exchanges.

U.S. airlines stocks tumbled on Tuesday as investors were spooked by downbeat forecasts from Alaska Air Group and a warning on jet engines by aerospace giant RTX.

Good morning from Skift. It’s Tuesday, August 22. Here’s what you need to know about the business of travel today.

Selina‘s stock price is swinging dramatically as it undergoes a turnaround and attempts to escape from penny stock status. The hostel chain saw its shares fall 41% on Friday, though they rebounded 9.3% on Monday.

Warren Buffet is famous for being one of the world’s savviest investors, earning billions for himself, and plenty for his stockholders as well. As chief of the Berkshire Hathaway conglomerate, he’s been accorded the honorary title of the Oracle of Omaha.