BKNG: Adding Booking Holdings to Investing Ideas (Long Side)

01/21/20 11:00AM EST

Hedgeye CEO Keith McCullough is adding Booking Holdings Inc (BKNG) to the long side of Investing Ideas. Below is a brief note.

Looking to fade the China "virus" fear? 

One way to do that is to buy EEM. Another way is to buy a travel related idea that Gaming, Lodging, and Leisure (GLL) analyst Todd Jordan still likes: Booking Holdings (BKNG) which is signaling #oversold here today.

Here's a summary excerpt from Jordan's recent Institutional Research note on the name:

The current consensus (sellside and buyside) bar for RNs, EBITDA, and EPS look beatable, and 2020 should reveal emerging tailwinds - EU Macro, Merchant model profit dollar capture, and Alternative Accommodation growth

Buy on red,

KM

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