We recently published a list of 10 Firms Kick Off Monday Leading Gains. In this article, we are going to take a look at where Trip.com Group Ltd. (NASDAQ:TCOM) stands against other firms that kick off Monday leading gains.
The stock market kicked off the week’s trading on a positive note, with all main indices finishing in the green territory, as economies took a pause from their tariff war, while investors breathed a sigh of relief on the February retail sales report which didn’t come worse.
According to the latest figures, retail sales rose 0.2 percent, albeit below the 0.6 percent as expected by analysts. Excluding autos, sales are up by 0.3 percent, in line with economists’ expectations.
Following the news, the Dow Jones clocked in a 0.85-percent gain, followed by the S&P 500 with 0.64 percent, and the tech-heavy Nasdaq with 0.31 percent.
Meanwhile, 10 companies that led the rally posted modest gains as fresh company developments sparked investor buying. In this article, we have listed Monday’s 10 top performers and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.
A customer in a travel agents office, highlighting the convenience of the companies corporate travel solutions.
Trip.com Group Ltd. (NASDAQ:TCOM)
Trip stayed firmer for a second day on Monday, adding 8 percent to finish at $66.67, as investors cheered twin news of partnerships with two flag carriers.
On Monday, TCOM said it expanded its long-standing partnership with Emirates to focus on identifying growth opportunities in new markets and customer segments.
Under the agreement, both parties will collaborate to enhance TCOM’s global presence through strategic partnerships and activations, leveraging Emirates’ extensive international network and coordinating promotional efforts in key Asian and European markets.
Additionally, the two firms will coordinate impactful campaigns to drive growth in global markets and explore value-added services and customized offers for their customers.
Meanwhile, TCOM also teamed up with Malaysia Airlines to integrate the exclusive MHupgrade program into the Trip website.
The two firms said travelers can look forward to indulging in the luxury of Malaysia Airlines’ Business Class and Business Suite.
According to TCOM, it saw a remarkable increase in Business Class bookings on the Trip website last year, with a triple-digit growth as compared with last year.
Overall, TCOM ranks 7th on our list of firms that kick off Monday leading gains. While we acknowledge the potential of TCOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as TCOM but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.