Airbnb (ABNB) shares aren’t doing anything special today, but Expedia (EXPE) is, and that’s what I want you to pay attention to. Shares of Expedia are trading 19% lower after the company warned of a global slowdown in discretionary travel.
ABNB will announce their results next Wednesday. The company warned last quarter, but investors kept buying the stock. A second questionable quarter would take the shares to $130.
Buy the Dippers are coming in to grab shares of PayPal (PYPL) at $57.50. This is the same price that the stock held as support in January, but things are different this time. A break below $57.50 is likely to take PYPL to $50 over the next four to six weeks.
As a bonus, shares of Affirm (AFRM) are down 7% but well above their bullish 50-day. If you must own shares of either PYPL or AFRM, the latter is your best bet.
How about some good news? Shares of Applied Materials (AMAT) are ripping to new all-time highs as they break through $180. The move is backed by strength in the semiconductor sector.
You simply must have exposure to the semis at this point in the game. I’ll temper that a bit by pointing out that Nvidia (NVDA) will provide their quarterly results on February 21, and we’ll probably see some “sell the news” effect after that HUGE report hits - but that will simply be a temporary opportunity to buy.
Blue Horseshoe Loves AMD (AMD).
About the Author
Chris Johnson (“CJ”), a seasoned equity and options analyst with nearly 30 years of experience, is celebrated for his quantitative expertise in quantifying investors’ sentiment to navigate Wall Street with a deeply rooted technical and contrarian trading style.