Expedia (EXPE) shares surged while those of Uber Technologies (UBER) moved lower Thursday morning following a report from the Financial Times that the ridesharing giant has explored acquiring the travel booking company.
Dan Ives, Wedbush Securities managing partner, joins 'Squawk Box' to discuss news of Uber exploring a possible bid for the travel booking website Expedia, why he believes the potential deal would make sense for Uber, and more.
Expedia stock climbed 8% while Uber stock fell more than 3% in premarket trading on Thursday. Uber spoke with advisors about a potential takeover in recent months, The Financial Times reported.
Buying the online travel company would open up more routes to growth for Uber, by unlocking the possibility of a so-called super app.
New B2B disclosures highlight Expedia's supportive product portfolio. Vrbo booking stabilization is a plus to consider. Solid balance sheet, inexpensive valuation, and strong fundamentals make Expedia a clear buy.
Shares of Expedia Group Inc. jumped more than 7% in after-hours trading Wednesday after the Financial Times reported Uber Technologies Inc. was considering a bid to buy the online travel company.
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Based on future growth expectations, this stock is very cheap.
Expedia's (EXPE) stock has seen choppiness over the past year, but is inching toward the upside. @LikeFolio's Megan Brantley says Expedia can act on that growth, but needs to focus on consumer happiness to send its stock soaring.
Expedia has finally managed to integrate its consumer (B2C) brands under one platform in the U.S. and will leverage it to enhance customer retention and optimise marketing spending. The Wholesale (B2B) business has been the main growth driver of the group and will likely continue advancing. Despite macroeconomic challenges, Expedia remains profitable and cash-generative, aggressively buying back shares to boost earnings per share.
Expedia Group rides on growing momentum across Brand Expedia, an expanding global lodging portfolio and strong partnerships.