Diamonds and Dogs
Expedia (EXPE) sees a return to travel. Expedia jumped 5% following lackluster earnings. Expedia beat earnings estimates as sales fell 43% to $1.25 billion. However, the summer looks strong in US and other markets with booking trends well above 2019 levels for leisure destinations.
Monster Beverage (MNST) has an aluminum problem. Monster dropped 3% following an earnings miss. Sales did rise 17% to $1.24 billion however Monster said that it would face an aluminum shortage in North America and Europe. The shortage should not last long, but it's just another case of supply chain issues for corporate America.
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