Expedia shares a 'buy' despite extreme volatility?

FBN's Charles Payne, Tea Party News Network News Director Scottie Nell Hughes and Penn Financial Group founder Matt McCall on the outlook for Expedia.

This article is part of the series

Is Now a Good Time to Buy Expedia?

By Payne's Picks FOXBusiness

Let’s talk about Expedia (EXPE).

Continue Reading Below

The stock took a big hit last week, with the rest of that whole transportation complex. Historically it’s a very volatile stock to begin with, although historically it’s been a great buy on dips.

Now that said, the company’s earnings are coming out on October 30th. The Street is looking for $1.74, that’s actually down from a few months earlier.

However, the guidance is going to be the key - and for next fiscal year, Wall Street has been ratcheting up its earnings estimates. Right now they’re looking for $4.68, before it was like $4.48.

From here technically, as far as the stock is concerned, I think it goes to $86, longer term $96. I think you can look at it as a trading vehicle, I really love this long term. But it’s extraordinarily volatile, so know who you are as an investor.

DISCLOSURES

Continue Reading Below

Expedia (EXPE)

Owns

Family Owns

Firm Owns

Investment
Banking

CHARLES N N N N
MATT N N N N
SUSAN N N N N
SCOTTIE N N N N
JOANIE N N N N

 

What do you think?

Click the button below to comment on this article.