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BKNG Jul 2024 3550.000 put
- Yahoo Finance Video
Travel deals appearing despite interest rates: Priceline CEO
Going anywhere this summer? A Hopper survey shows over 86% of Americans plan on traveling this summer. With inflation still permeating through most sectors, affecting consumer prices, will there be a shift in how Americans book their vacations and travel this summer? Priceline CEO Brett Keller joins Catalysts to give insight into the busy travel season and notable areas of consumer travel spending, such as airfare prices. Priceline.com is a subsidiary of Booking Holdings (BKNG). When asked about the current interest rate environment affecting consumer spending, Keller states: "Travel has historically been a highly prioritized part of the consumer's budget. And so we continue to see that now, even though where some commodities and other hard goods people have pulled back their travel still seems to be healthy, and moving forward, I think what will happen is you'll see suppliers start to really pull their prices back, which will open up more travel opportunities, more deals for consumers." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
- Zacks
If You Invested $1000 in Booking Holdings a Decade Ago, This is How Much It'd Be Worth Now
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
- Yahoo Finance Video
Booking Holdings versus Disney: Why only one is a buy
Consumers are increasingly becoming choosier about where they are spending their dollars. One arena that could see an impact is leisure spending. In the latest edition of Good Buy or Goodbye, Main Street Research Chief Investment Officer James Demmert says Booking Holdings is a stock worth adding to your portfolio, while Walt Disney may be one you want to skip. Demmert likes Booking Holdings (BKNG) because of its growth and "consistent" high profit margins. Demmert argues the company has built a "moat" around its business model, building up a "hard-to-penetrate market share." He also notes it has a good valuation. What would make Demmert have concerns about the stock? A recession or pandemic. On the flip side, Demmert is not a fan of Disney (DIS). One of his big concerns is management, specifically that current CEO Bob Iger may be unable to fix the damage done by former CEO Bob Chapek. Demmert is also concerned about the amount of money being spent on content and thinks the stock is overvalued. He says a couple of things could turn Disney into a buy — a change in strategy or the company becoming a takeover target. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
