June 20, 2022 | BKNG, Daily JAM, Jubak Picks |
As I noted in my Saturday Night Quarterback post, consumer spending on services is looking weaker by the day and consumers seem to be trimming plans for summer travel. Bookings are slowing at airlines and hotels, for example. And it looks like the summer travel rally that I’ve been looking for is going to be a damp squib rather than a Fourth of July rocket. So I’m beginning to sell some of the stocks that I added in anticipation of that travel rally.
May 5, 2022 | BKNG, Daily JAM, Jubak Picks |
Shares of Booking Holdings (BKNG) were up 3.23% as of 3:40 p.m. New York time today, May 5, after the company announced first quarter earnings that beat Wall Street estimates. The company reported adjusted earnings of $3.90 a share, up from a loss of $5.26 in the first quarter of 2021. Revenue climbed to $2.7 billion from $1.14 billion in 2021. Wall Street analysts were expecting earnings of 85 cents a share on revenue of $2.53 billion. Gross bookings in the quarter rose to $27.3 billion, the highest quarterly figure in the company’s history.
April 21, 2022 | BKNG, Daily JAM, Jubak Picks |
In my Quick Pick video Update just posted, I noted that I would be buying shares of travel booking global marketshare leader (or co-leader) Booking Holdings (BKNG) tomorrow, Friday, April 22 in my Jubak Picks Portfolio. I’m setting an initial target price of $2,800 a shar
April 21, 2022 | BKNG, Daily JAM, Jubak Picks, Videos |
My one-hundredth-and-twenty-fourth YouTube video “Quick Pick Booking Holdings Update” went up today. Today I’m updating my Quick Pick from about a month ago to say that this last week’s earnings report from Delta (DAL) plus optimistic forecasts and earnings from American Airlines and United Airlines only make me more confident of the growth story for Booking. I think that with travel returns to near pre-Pandemic normal this summer, travel booking sites will see revenue increases in the later quarters of 2022. Plus, these sites don’t have to worry about fuel costs like actual airlines. (And I think”bargain hunting” sites like those owned by Booking Holdings will get an extra boost from rising inflation and from worries about a potential recession. I’ll be adding these shares to my Jubak Picks portfolio with a target price of $2800 a share tomorrow, Friday, April 22.
