Rising vaccination rates a boost for Expedia

 Rising vaccination rates a boost for Expedia

Rising vaccination rates a boost for Expedia.

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Following a strong selloff during the start of the week, US Indices consolidated for a major part of the day as no significant movements were made, with US Treasury Secretary Janet Yellen set to testify to the House of Representatives today with regards to the Coronavirus and Cares Act. The Fed is set to announce tapering in next month’s FOMC meeting

Yesterday’s movers:

Stocks to watch:

Expedia (EXPE)

With the travel industry on the recovery, Expedia is trading post-COVID levels, rising 11% over the past month. The travel industry is still not operating at full capacity there could still be substantial more upside as vaccination rates is on the increase.

Revenue surpassed expectations by $128.36 million during last month’s earnings reports. The company’s focus has shifted to developing a superior and frictionless app and online features.

Following a strong rally that saw a break of the 50 and 200-day moving averages, a possible retracement lower to $154 – $157 should be levels to consider for possible entry.

Rising vaccination rates a boost for Expedia

Following a strong selloff during the start of the week, US Indices consolidated for a major part of the day as no significant movements were made, with US Treasury Secretary Janet Yellen set to testify to the House of Representatives today with regards to the Coronavirus and Cares Act. The Fed is set to announce tapering in next month’s FOMC meeting

Yesterday’s movers:

Stocks to watch:

Expedia (EXPE)

With the travel industry on the recovery, Expedia is trading post-COVID levels, rising 11% over the past month. The travel industry is still not operating at full capacity there could still be substantial more upside as vaccination rates is on the increase.

Revenue surpassed expectations by $128.36 million during last month’s earnings reports. The company’s focus has shifted to developing a superior and frictionless app and online features.

Following a strong rally that saw a break of the 50 and 200-day moving averages, a possible retracement lower to $154 – $157 should be levels to consider for possible entry.

Zander van der Merwe

Zander van der Merwe is a Commerce graduate with majors in Economics from the University of Pretoria with an intense passion for the financial markets. My general focus is to look at the markets holistically combining strong Fundamental views with the incorporation of Technical analysis in the sphere of the United States stock markets, indices, commodities as well as the new kid on the block: cryptocurrencies. I incorporate this very strongly with my value add to the TD Markets team to ensure that clients are being given the transparent and in-depth view of the markets that is imperative to a career in trading. I am also a writer and market analyst at TD markets

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