Displaying items by tag: expedia

(New York)

The market has been highly unpredictable of late, with big swings in both directions. While no one knows where the market is headed, one thing is pretty clear: there are a handful of big stocks that look very risky and should probably be avoided. Here is a full list: Carvana, Expedia, Norwegian Cruise Lines, Lyft, Restoration Hardware, Beyond Meat, FirstSolar, Zendesk, BioMarin Pharmaceuticals, and Advanced Micro Devices (AMD).


FINSUM: Carvana and Expedia are the most interesting for us. Carvana is considered disruptive in auto buying and is up 535% in the last year. It is also losing money hand over fist, and its digital-first method of buying and delivery looks less and less effective as the economy reopens (especially because Carvana’s prices for consumers are high). Expedia is more simple: it is up big this year on hopes that travel bookings will recover strongly this year and next. But why is it currently trading at a 40% premium to the S&P 500? Doesn’t make sense to us.

Published in Eq: Large Cap

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