This Michael Burry stock stands to gain as U.S. travel boom predicted for winter 2023
The post This Michael Burry stock stands to gain as U.S. travel boom predicted for winter 2023 appeared on BitcoinEthereumNews.com. With the holiday season fast approaching, recent data points towards a resurgence in travel demand. A significant 48% of U.S. adults are planning an overnight leisure trip during the 2023 winter holidays, according to a recent study by Bankrate. This marks an impressive increase from 43% in 2022. Such statistics present a bullish environment for travel-related businesses, especially those that have been battered by the pandemic. One notable beneficiary could be Expedia (NASDAQ: EXPE). The travel booking giant has been on the radar of prominent investors, including Michael Burry. As of his Q2 2023 portfolio, Expedia secured a spot as one of Burry’s top holdings. The ‘big short’s’ belief in the company’s potential became even more evident in his August 13F filing, where he purchased a whopping 100,000 shares, translating to a market value of $10,939,000. EXPE price analysis As of October 16, Expedia’s stock price stands at $99.67, reflecting a growth of 10.1% over the past year and registering 18 green trading days in the last 30. This bullish sentiment around Expedia comes amidst broader economic concerns. With increased traveling and consumer spending, questions arise: Is the Federal Reserve truly done with its inflation-fighting measures? The central bank has been juggling between ensuring economic growth and taming inflationary pressures. An uptick in travel and spending could further stir this delicate balance. Nevertheless, for investors like Burry, the numbers are clear. The travel industry is poised for recovery, and Expedia, with its dominant market presence, stands to benefit immensely. As consumers gear up for holiday travels, market watchers will be keen to see how stocks like Expedia perform and whether the Fed will be forced to rethink its stance on inflation. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not…
The post This Michael Burry stock stands to gain as U.S. travel boom predicted for winter 2023 appeared on BitcoinEthereumNews.com.
With the holiday season fast approaching, recent data points towards a resurgence in travel demand. A significant 48% of U.S. adults are planning an overnight leisure trip during the 2023 winter holidays, according to a recent study by Bankrate. This marks an impressive increase from 43% in 2022. Such statistics present a bullish environment for travel-related businesses, especially those that have been battered by the pandemic. One notable beneficiary could be Expedia (NASDAQ: EXPE). The travel booking giant has been on the radar of prominent investors, including Michael Burry. As of his Q2 2023 portfolio, Expedia secured a spot as one of Burry’s top holdings. The ‘big short’s’ belief in the company’s potential became even more evident in his August 13F filing, where he purchased a whopping 100,000 shares, translating to a market value of $10,939,000. EXPE price analysis As of October 16, Expedia’s stock price stands at $99.67, reflecting a growth of 10.1% over the past year and registering 18 green trading days in the last 30. This bullish sentiment around Expedia comes amidst broader economic concerns. With increased traveling and consumer spending, questions arise: Is the Federal Reserve truly done with its inflation-fighting measures? The central bank has been juggling between ensuring economic growth and taming inflationary pressures. An uptick in travel and spending could further stir this delicate balance. Nevertheless, for investors like Burry, the numbers are clear. The travel industry is poised for recovery, and Expedia, with its dominant market presence, stands to benefit immensely. As consumers gear up for holiday travels, market watchers will be keen to see how stocks like Expedia perform and whether the Fed will be forced to rethink its stance on inflation. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not…
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