Expedia (EXPE) Offering Possible 10.25% Return Over the Next 28 Calendar Days

Expedia's most recent trend suggests a bullish bias. One trading opportunity on Expedia is a Bull Put Spread using a strike $80.00 short put and a strike $70.00 long put offers a potential 10.25% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $9.07 would be incurred if the stock dropped below the $70.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Expedia is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Expedia is bullish.

The RSI indicator is at 56.58 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

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LATEST NEWS for Expedia

Airbnb files for IPO that was ‘hard to imagine’ just a few months ago
Thu, 20 Aug 2020 00:01:00 +0000
Home-rental company Airbnb Inc. announced Wednesday afternoon that it has confidentially filed to go public.

Google’s New Travel Booking Tools Take a Pandemic Into Account
Thu, 13 Aug 2020 14:00:24 +0000
(Bloomberg) — There’s been one dominant way to plan trips since the 1990s: Search for flights online, based on desired destinations, add in a hotel, and voila, you’re on your way.The Covid-19 pandemic has upended that long-held status quo. Even for those undeterred by public health concerns, flights are limited, thanks to border closures that change week by week. Airlines are taking scattered approaches to ensuring safety. Hotels require thorough vetting to make sure they’re open and taking appropriate precautions. Even planning a road trip can be exhausting once you start accounting for state-by-state checkpoints and quarantine regulations.Enter Google, which on Thursday debuted a suite of new booking features to its flight, hotel, and trip search tools in order to help untangle the shifting rules of travel amid a pandemic. Type Los Angeles into any of those booking engines and, along with the usual options, you’ll also get real-time data on the number of Covid-19 cases there along with how many flights and hotels have resumed service. No other major travel provider is currently displaying this level of detail. More common among its competitors but new to Google are filters for accommodations that offer free cancellation policies, adding to other insights such as government-issued travel advisories that had quietly rolled out at the pandemic’s onset.“The No. 1 question we are getting is: Can we travel safely at all? And we’ve tried to address that by including advisory updates in travel searches,” says Richard Holden, vice president of product management for Google’s travel arm. “The next question is where? And when I do decide to emerge, what will be operational?”The answers depend as much on a person’s exposure risk at home as on the risk in the desired destination. Google believes it owns the data needed to help consumers make informed decisions.When you search for, say, hotels in Rome, Google already tells you that a travel advisory is in place—as do Expedia, Kayak, and several other travel sites. (Kayak’s travel advisory tool is the most comprehensive, with detailed country policies visible at a glance on a color-coded map of the world.) Now Google is getting more granular by personalizing its data according to your point of origin.A New Yorker conducting the search, for instance, will get a heads-up that Italy’s borders remain closed to Americans; a resident of Milan, by contrast, would see no such stricture.The tools are useful for domestic tourism as well, especially for U.S. residents, whose pandemic picture shifts state-by-state. As part of the new features, a search for trips to Denver will allow you to easily see that 63% of flights there are operational, along with 88% of hotels; clicking on “local cases” offers a snapshot into the city’s currently low Covid-19 transmission rates. In still-reeling Miami, 39% of flights are in service, and 65% of hotels are open for business.Holden says lower percentages of reopened hotels or resumed flights indicate that the travel industry, from hoteliers to airline executives, is still treading with caution in that market. Higher percentages may be a sign that a destination is further along in terms of reopening.“In a vacuum, this information alone it might not mean a lot, but in context it can help,” Holden explains. And because Google owns so many entities, that context can be robust; people using Google Maps to plan road trips will now find information about Covid-19 checkpoints along their routes, for instance.Some basic things still require fleshing out. Google’s links to travel advisories are nationwide rather than state-specific, which means the usefulness of the information depends on the country you’re searching and can vary widely. Responsible travelers will still have to look up local testing and quarantine requirements.And, while knowing the percentage of operational hotels helps, it doesn’t distinguish which of those available options is better equipped to provide a safe stay.That might be the next step. “We’ve thought about adding amenity checklists that speak to Covid-19 safety protocols,” Holden says. “Hotels are very interested in sharing that information, and we’re eager to communicate it.” Holden isn’t as bearish on the travel industry as Airbnb’s Brian Chesky, who believes the sector has been permanently changed. But in the medium term to long term, he says the pandemic will force travelers to ask different questions before going.“Certainly, we hope some of these features are short-lived,” he says. But he regards colleagues in Europe as an indication of what’s to come. “My team in Zurich is doing more travel, the markets are more open, and people are feeling more free,” Holden says. But they’re not quite back to normal. “The anxiety is still there,” he says, “but it is less.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Nasdaq Falls 186 Points on Tech Rotation; Booking, Expedia Climb on Travel Hopes
Tue, 11 Aug 2020 20:18:00 +0000
The stock market is going through a clear rotation right now, as investors try to position their portfolios to take maximum advantage of what they hope will be improving conditions for the global economy. News of advances in medical science fighting COVID-19 helped lift travel stocks, and that included online travel specialists Booking Holdings (NASDAQ: BKNG) and Expedia Group (NASDAQ: EXPE). Shares of online travel stocks climbed sharply on Tuesday, fighting the broader downtrend on the Nasdaq.

Qualcomm, Expedia, Activision: Midday Tech Stock Movers
Tue, 11 Aug 2020 17:38:00 +0000
Stocks rose on Tuesday on positive COVID-19 developments, with travel-related tech stocks getting a boost.

Diller’s IAC/InterActive Invests $1 Billion in MGM Resorts
Mon, 10 Aug 2020 17:35:44 +0000
(Bloomberg) — IAC/InterActive Corp.’s $1 billion investment in casino operator MGM Resorts International demonstrates media mogul Barry Diller is still a top dealmaker.IAC, a media and internet company with more than 150 brands and products, announced Monday that it built a 12% stake in MGM, just weeks after it spun off online dating behemoth Match Group Inc. “With the separation of Match Group from IAC, and ‘new’ IAC emerging with $3.9 billion of cash, no debt, and its opportunistic zeal intact, we are energized and excited to make this investment in MGM,” Diller, IAC’s chairman, said in a statement. News of the deal caused MGM Resorts shares to jump as much as 25%. IAC shares declined about 2%.One thing that attracted Diller to MGM in particular is an area that currently comprises a tiny portion of IAC’s revenue — online gaming. That market represents a $450 billion global opportunity, according to IAC, with less than 10% penetration online.In a letter to shareholders, Diller said investors might be surprised by the move. It’s unusual for IAC to purchase a large stake in a public company that currently has relatively little to do with the internet.This veers from IAC’s traditional playbook: buy up small private online companies, roll up competitors, integrate the acquisitions and reap the rewards of scale. The company’s aggressive strategy has created titans like Expedia Group Inc., which Diller still heads as acting chairman despite IAC spinning it off back in 2005. Four years later, IAC shed HSN TV, Ticketmaster, Interval International and Lending Tree. In July, IAC spun off Match — but only after it had grown into the biggest dating app provider in the world by hoovering up more than 45 different online dating brands, including Tinder, Hinge and OkCupid. “We’ve been restructuring this company for 20 years,” Diller said in an interview on Bloomberg TV back in 2016.The 78-year-old billionaire businessman, who made his fortune as a Hollywood mogul, has been busy this year. He stepped in to take the reins at Expedia after the board ousted the former chief executive officer, led the company’s earnings conference call with analysts in February and oversaw a staff reduction that eliminated 3,000 workers before travel bans and lockdowns caused bookings to tumble 85%. While Expedia went into crisis mode, IAC’s existing portfolio of internet companies, which includes HomeAdvisor and the video app Vimeo, flourished as the virus pushed more business to online platforms. And he presided over the Match spinoff.Diller, who has been a dogged dealmaker for more than two decades, sees opportunity in chaos. Rather than waiting for pandemic to end before making his next move, he has instead rolled the dice on MGM Resorts with IAC’s biggest investment since acquiring Ask Jeeves in 2005 for $1.85 billion.“Although we would never ‘bet the company,’ we know that this is a large bet for IAC,” Diller and IAC Chief Executive Officer Joey Levin wrote in the letter to shareholders. “IAC has always been opportunistic with its capital, and if ever there was a time, this moment is unique,” they said in the letter, adding that the deal presents a “once in a decade opportunity” for IAC to invest in a large category with a great potential to shift online.MGM Resorts welcomed IAC as a “long-term strategic partner” and said it intended to invite them to join the company’s board of directors. “IAC’s expertise in growing and expanding brands online is a natural fit for our focus on enhancing the resort experience through curated and personalized offerings, as well as digital enhancements in sports betting and online gaming,” MGM Resorts CEO Bill Hornbuckle said in a statement. “We welcome their collaboration and are excited at the possibilities it will bring.”MGM, like other casino operators, has been hit hard by the coronavirus, which triggered a months-long closing of its properties in the U.S. and a severe contraction in Macau. The company is in a position to weather the storm, having sold nearly all of its resorts to investors in a sale-leaseback arrangement that freed up billions in cash. Still, MGM has cut staff and furloughed others as it copes with far less business due to the virus.The company last month gave its CEO position permanently to Hornbuckle, a company veteran who had been acting CEO since March. In a previous role, as marketing chief, Hornbuckle spearheaded MGM’s customer-loyalty program, which IAC cited as one of the enticing aspects of the company.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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