Expedia (EXPE)

Though expectations were low, they just delivered excellent numbers. Gross booking slightly missed, but revenue and adjusted EPS beat, and this was largely due to their share buyback of $1.8 billion in the first 9 months of this year. They will buy back another $5 billion, too. They will amount o a third of their shares. Also, they reiterated guidance for double-digit topline growth. Investments in their loyalty program are working. Trades at a low 9x 2024 PE though he doesn't understand why it's so low.

Is popping 18% today after reporting. Expectations were very low. What's good is their geographic exposure, not that exposed to the Middle East which is effected by war now. Rather, Expedia is more focused domestically. The $5 billion share buyback was strong and will continued. Margins are wide, too.

Are buying back 8.5% of its shares this year, but also investing in their business for the long term. This shows confidence.  Also, he likes their new rewards program which operates across several of its businesses. Also, its trades at under 9x 2024's PE, half that of competitor Booking Holdings.

In line with cyclicals and discretionary areas, should see signs of improvement. Things are getting less worse. Sideways trading range. Travel is starting to turn up. 

Easy way to limit risk is near recent lows around $90, and wait for an upside breakout. Next target levels are $105 and $120. If it goes below $90 take off the position, as the market is always right.

Likes the CEO. Was impressed with Bookings' latest quarter, while Airbnb stock is still rising.

Fundamental score of this company is very strong with strong earnings. Thinks the company is overvalued.

It fell after its last earnings report. Instead, look at Bookings, formerly Priceline, their direct competitor which has done extremely well (BKNG-Q) that he's long owned. Bookings has 475,000 relationships with hotels worldwide and continue to grow.

They have done exceptionally well. Most of the travel e-tailers have done so. Dividend growth has been 7% for the last 5 years. Free cash flow has been growing, but is slowing down and is probably why the stock is easing back down. It all depends on how their pricing power will do.