Diamonds and Dogs

5/5/22

Booking Holdings (BKNG) is expecting a busy summer travel season. The owner of Priceline and Kayak is up 5% following strong earnings as revenues rose 136% to $2.7 billion. Despite an uncertain macroeconomic environment, Bookings has seen continued strengthening of global travel trends so far in the second quarter of 2022, and is preparing for a busy summer travel season ahead.

Plenty of dogs today, particularly in the online retailer space. eBay (EBAY) is down 11% while Wayfair (W) is down 21%, both on lackluster earnings reports. Wayfair missed estimates as sales fell 13% while eBay saw sales decline 17% and issued downside guidance for the quarter and full year. Amazon is down 7% in sympathy to a new 52 week low.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.