Travel costs are up but travelers aren’t canceling their plans yet

Summer travel talk sure is not what it used to be. Rather than sun, sand and surf, many travel discussions now center on inflation, rising fuel costs and flight cancellations, a situation which could derail a much-needed 2022 summer travel comeback. Travel conversations on Twitter decreased 75% from April to May, while discussions related to … Read more

These stocks are seeing falling valuations but improving fundamentals, Credit Suisse says

Stocks are down significantly this year, but certain names have seen earnings increase and look attractive at current levels, according to Credit Suisse. The stock market is struggling this year as investors eye inflation, the Federal Reserve’s rate-hiking cycle, the war in Ukraine and other headwinds. The S&P 500 is off about 14% from its … Read more

Dan Sundheim’s D1 Capital dumped high-growth tech stocks in the first quarter

Hedge fund veteran Dan Sundheim bailed on several large bets on the tech sector during the first quarter, according to a securities filing released Monday. Sundheim’s D1 Capital exited positions in, Carvana and Shopify during the first three months of 2022, according to the filings. Those positions were worth more than $ 2 billion … Read more

Here’s why this earnings season is signaling a summer travel boom

Travel was one of the hardest-hit industries during the pandemic, but some companies indicated a rebound is coming.

Chegg, Expedia, BP and more

James Tahaney loads textbooks on to a pallet in preparation for shipping at the Chegg warehouse in Shepherdsville, Kentucky, April 29, 2010. John Sommers II | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Paramount Global – Shares fell 1.7% after entertainment giant reported first-quarter revenue below expectations. The media … Read more

Expedia stock falls 13% after analysts cut price targets

Visitors browse at the Expedia display during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Returns Shares of Expedia plunged more than 13% on Tuesday after reporting mixed financials in what’s been a tough earnings season. The company reported first-quarter financials after the bell on Monday. Expedia lost 47 cents per share on … Read more

Paramount Global, Logitech, Chegg and more

Take a look at some of the biggest movers in the premarket: Paramount Global (PARA) – Paramount Global fell 4.3% in the premarket, despite quarterly profit that beat Wall Street estimates. Revenue came in below analysts’ forecasts for the media company, amid increasing video streaming competition and weak ad sales growth. Logitech (LOGI) – Logitech … Read more

Break-up boom: How investors can win betting on the growing stock spinoff trend on Wall Street

The scene is set for an increase in companies looking to spin off businesses, but results can be uneven. Here’s how to improve your odds.

Top analysts are bullish on stocks like Intel & SolarEdge

Visitors browse at the Expedia display during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Returns Geopolitical tensions, the prospect of Federal Reserve rate hikes and inflation fears have roiled the stock market and left investors unsettled. The major indexes have just notched a second consecutive week of losses, and the conflict between … Read more