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
