Earnings

TripAdvisor is one travel stock to avoid into earnings, chart suggests

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Travel earnings are on deck this week, and it could give insight into how large an economic impact the coronavirus outbreak might have on the industry.

Hilton Worldwide, which reported Tuesday morning, issued solid guidance but said the effect of the coronavirus was still unknown. TripAdvisor, Expedia and MGM could offer a better outlook when they report later this week.

Watch out for one of those, says Mark Newton, founder of Newton Advisors.

“TripAdvisor, in particular, has been a real laggard. It is fairly bearish technically just in the month of December,” Newton said on CNBC’s “Trading Nation” on Tuesday. “The stock moved down to the lowest monthly close we’ve seen since 2011 so it’s been in a pretty persistent downtrend.”

“It shows very little evidence thus far of any stabilization,” said Newton. “I think it’s a good likelihood it pulls back into the mid- to low-$20s in the weeks and months to come. So that’d be one specifically I would avoid.”

TripAdvisor moved 3.5% higher Tuesday, trading at around…



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https://www.cnbc.com/2020/02/11/tripadvisor-is-one-travel-stock-to-avoid-into-earnings-chart-suggests.html

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