|Bid||44.83 x 3100|
|Ask||44.87 x 2900|
|Day's Range||44.68 - 44.85|
|52 Week Range||37.94 - 48.46|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.95|
|Expense Ratio (net)||0.63%|
Amid a wall of worry surrounding first quarter-earnings pessimism and slowing global growth, there was a Cinderella story to be had as shares of Walt Disney Corp rose over 1 percent. Disney stock has been shackled to a range of $100 to $120 the last four years, but it appears the company is ready to break free with its latest moves toward being a multimedia powerhouse. An $81.2 billion move at 21st Century Fox just added networks like National Geographic and FX to help bolster Disney's current lineup of ABC, ESPN, Pixar, Marvel, and Star Wars.
What to Expect from TripAdvisor’s Q4 Earnings(Continued from Prior Part)Struggling hotel business TripAdvisor (TRIP) struggled throughout 2016 and 2017 due to the weak performance from its Hotel segment, which weighed on the globally known online
Job growth during the month of January bested expectations as nonfarm payrolls gained 304,000, according to the latest data from the Labor Department. Of that growth, the majority came from the leisure and hospitality as hiring in restaurants, bars and casino grew. "In January, employment grew in several industries, including leisure and hospitality, construction, health care, and transportation and warehousing," the Labor Department said in a release.
Will TripAdvisor Stock Keep Its Momentum Alive in 2019? TripAdvisor (TRIP) is one of the well-known travel sites globally. In the last few years, the company has been focusing more on its non-hotel businesses to drive its revenues and margins.
Will TripAdvisor Stock Keep Its Momentum Alive in 2019? The US stock market, which started 2018 on a highly volatile note, became even wilder by the end of the year. All of the major indices witnessed the worst yearly performance in a decade.
Analysts have provided “buy” recommendations on most of the stocks in the airline industry (PEJ). The stocks include Goldman Sachs (GS) and Credit Suisse’s (CS) favorite picks. Goldman Sachs’ top picks are American Airlines (AAL) and Alaska Air Group (ALK). Apart from Alaska Air, Credit Suisse’s favorite picks also include Delta Air Lines (DAL) and United Continental (UAL).
Many investors often think of retail stocks and exchange traded funds as being solid ideas at this time of year, but another corner of the consumer discretionary sector could deliver during the holiday season. The Invesco Dynamic Leisure and Entertainment Portfolio (PEJ) is an ETF that often performs well in the month of December. PEJ targets the Dynamic Leisure & Entertainment Intellidex Index.
Knowing that consumer discretionary stocks and ETFs can be rewarding in December is just one part of the equation. Over the past 10 Decembers, PEJ has generated positive returns 90 percent of the time with an average gain of 3.49 percent, according to Schaeffer's data.
Expedia (EXPE) reported mixed third-quarter results in October. Its EPS surpassed analysts’ estimate, but its top line missed the estimate. However, the company marked YoY (year-over-year) improvements on both counts.
In the last decade, the dynamics of the travel industry have drastically changed. More and more travelers are moving to online travel booking agencies rather than traditional ones. In the past few years, online travel booking agencies have gained significant momentum due to increased mobile and online penetration across the world.
Expedia (EXPE) could be an intriguing stock to watch, according to Wall Street analysts’ latest ratings. Given Wall Street’s one-year forward price target of $148.07, EXPE has a potential upside of 32.7% from its current price of $111.62. The optimism surrounding Expedia stock can be attributed to its back-to-back quarters of strong bottom line results.
On November 9, most online travel agency shares fell after CNN Business reported deep concerns about the slowing Chinese economy. Since the travel sector is highly sensitive to macroeconomic factors, any uncertainty in the global economy will likely have a negative impact on the companies’ prospects in the travel space. Online travel agencies stocks including Ctrip.com International (CTRP), TripAdvisor (TRIP), Booking Holdings (BKNG), and Expedia (EXPE) have lost 6.3%, 5.4%, 2%, and 1.1%, respectively, on November 9. The Invesco Dynamic Leisure and Entertainment ETF (PEJ), which invests in US entertainment and leisure industry stock, fell ~1% on November 9.
Ctrip.com International (CTRP) posted strong third-quarter results yesterday. The top and bottom lines not only fared better than Wall Street analysts’ forecasts but also marked YoY improvement.
The company revealed its fourth-quarter outlook during the third-quarter earnings release yesterday. The global leader in online travel and related services expects to report non-GAAP EPS between $18.90 and $19.40 for the fourth quarter. Furthermore, Booking Holdings projects revenues to grow in the range of 13%–16%.
Labor Day, the first Monday of September that pays homage to the creation of the labor movement and tips a hat to all American workers, will see a flurry of activity from traveling, rising gas prices, ...
With the consumer discretionary sector ranking as one of this year's best-performing sectors, investors may want to consider a more tactical approach to the group as the third quarter winds to a close. An idea to consider is the PowerShares Dynamic Leisure and Entertainment Portfolio (PEJ) , which includes restaurant names. “Restaurants are a highly discretionary category, and continued strength suggests that households are not too worried about higher gas prices and that tax cuts are providing a cushion,” Morgan Stanley economists said in a note.
For some investors, there are times when sin is in. While there are an increasing number of exchange-traded funds (ETFs) dedicated to environmental, social and governance (ESG) principles, also known as virtuous investing, there are a smaller number of vice ETFs.
Consumer discretionary ETFs may find support from strong consumer confidence and a tight labor market that helped fuel Americans' spending in the third quarter. According to the Commerce Department, retail sales - a measure of spending at U.S. stores, websites and restaurants - rose 0.5% in July month-over-month, compared to economists’ forecasts for a 0.1% gain, the Wall Street Journal reports. The growth in retail sales was driven by improved spending at grocery stores, restaurants, department stores and clothing stores.