Diamonds and Dogs


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.

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