The reasons behind the August market meltdown are numerous and are already moving into the rearview mirror of investors. A coolish reading in the July producer price index (PPI) has investors putting their foot on the gas to get ahead of the Federal Reserve cutting interest rates. It’s also a reason to consider investing in travel stocks.One rate cut, even if it’s one of 50 basis points, which the experts seem to favor, won’t do much to relieve pressure on consumers right now. But the markets are forward-th ...

JHVEPhoto/iStock Editorial via Getty Images It's been a surprising earnings season so far in Q2, where many high-flying stocks have been pummeled and rebound plays have unexpectedly stepped into the spotlight. Such was the case for Expedia (NASDAQ:EXPE), the online travel giant that has been beleaguered by softer trends at its home-sharing subsidiary Vrbo and lost tremendous market value this year. But in Q2, Expedia pulled off a much-needed turnaround. Whereas rivals Booking.com (BKNG) and Airbnb (ABNB ...

Jon Lovette/DigitalVision via Getty Images Although Expedia Group stock (NASDAQ:EXPE) is here at an attractive valuation with a forward PE of around just 11, the company is showing many bad signs that imply an impossibility of getting real growth. In my view, the stock is not a buy, but due to uncertainty and the relatively low valuation, it is nothing more than a hold. Data by YCharts Expedia brief business model Expedia, as presented in its 10K filing, is an online travel company. It offers around 3 m ...

Key TakeawaysThe S&P 500 gained 0.5% on Friday, Aug. 9, 2024, closing out a week of dramatic stock market fluctuations driven by concerns about the U.S. economy.Expedia shares jumped as international demand helped the travel platform operator top second-quarter sales and profit forecasts.Insulet shares dropped after the insulin pump maker suggested new user growth could be lower than previously expected in the second half of 2024. The S&P 500 and the Nasdaq added around 0.5% on Friday, wrapping up a volatil ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

A slowdown is coming, but there are reasons the stock can keep going.Shares of Expedia Group (EXPE 9.27%) were climbing today after the company posted better-than-expected results in the second quarter and investors looked past modest guidance for the third quarter.As of 1:48 p.m. ET, the stock was up 10.1% on the news. Expedia benefits from low expectationsLike other online travel agencies including Booking Holdings and Airbnb, Expedia reported slowing growth as consumer spending on travel slows.However, a ...

Expedia Group, Inc. (EXPE) delivered second-quarter 2024 adjusted earnings of $3.51 per share, which rose 21% year over year. The figure surpassed the Zacks Consensus Estimate by 10.7%.Revenues of $3.56 billion rose 6% year over year. The figure surpassed the Zacks Consensus Estimate by 0.6%.Year-over-year revenue growth was driven by solid momentum across B2B, Brand Expedia and Advertising. Strength in lodging offerings and growing momentum across non-U.S. regions contributed well.Growing gross bookings, o ...

Shares of Expedia Group Inc EXPE skyrocketed in early trading on Friday, after the company reported upbeat second-quarter earnings.The results came amid an exciting earnings season. Here are some key analyst takeaways.Goldman Sachs On Expedia GroupAnalyst Eric Sheridan maintained a Buy rating, while raising the price target from $182 to $200.Expedia reported "solid" second-quarter results, with higher-than-expected gross bookings that were "driven more by room nights than ADRs," Sheridan said in a note. The ...

For the quarter ended June 2024, Expedia (EXPE) reported revenue of $3.56 billion, up 6% over the same period last year. EPS came in at $3.51, compared to $2.89 in the year-ago quarter.The reported revenue represents a surprise of +0.57% over the Zacks Consensus Estimate of $3.54 billion. With the consensus EPS estimate being $3.17, the EPS surprise was +10.73%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations ...

Key TakeawaysExpedia Group shares traded sharply higher ahead of Friday’s opening bell after the online travel company's earnings topped estimates amid robust demand in international markets. An earnings-driven rally sets the stock up to potentially form a double bottom given the close proximity of the May and August lows. Amid a move higher, investors should watch key price levels in Expedia shares at $130, $140, and $155. Expedia Group (EXPE) shares surged ahead of Friday’s opening bell after the online t ...