Watch out for this travel stock into earnings, chart indicates (via TradingNation)
Mark Newton"TripAdvisor, in particular, has been a real laggard. It is fairly bearish technically just in the month of December," Newton said on CNBC's "" on Tuesday. "The stock moved down to the lowest monthly close we've seen since 2011 so it's been in a pretty persistent downtrend."
"It shows very little evidence thus far of any stabilization," said Newton. "I think it's a good likelihood it pulls back into the mid- to low-$20s in the weeks and months to come. So that'd be one specifically I would avoid." TripAdvisor moved 3.5% higher Tuesday, trading at around $29.65. It reports earnings Wednesday afternoon.
Quint Tatro, president of Joule Financial, said the entire group looks dangerous with the full economic damage of the coronavirus still a question mark. "I think that investors have to be very careful. There's a big allure any time you have some kind of headline risk like this to venture in and say 'oh, these stocks are cheap here, look at these on a fundamental basis etc. etc.,'" Tatro said during the same segment. "When something like this happens that we have absolutely no idea how the future will play out, they just become no-touch for us.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
4 charts show how SARS hit China's economy nearly 20 years agoInvestors and analysts often look to the SARS outbreak in 2003 to gauge the potential economic impact from the latest coronavirus outbreak.
Leer más »
RS Charts: Shakira's 2006 Smash 'Hips Don't Lie' Is One of the Top 100 SongsFourteen years after its release, Shakira and Wyclef Jean’s bilingual mega-hit “Hips Don’t Lie” has made its debut on our Top 100 Songs chart
Leer más »
RS Charts: Lil Wayne's 'I Do It' Soars, Roddy Ricch's 'The Box' Holds at Number One'I Do It' leads eight new LilTunechi songs on the RS 100 this week as 'The Box' holds on to Number One
Leer más »
RS Charts: Lil Wayne Surges to Top of Artists 500 Chart.LilTunechi takes Number One on the RS_Charts Artists 500 as 'Funeral' racks up over 100 million streams:
Leer más »
Steven Cagan, Composer and Conductor Who Worked with Bette Midler, Melissa Manchester and Olivia Newton-John, Dies at 77Composer, conductor, musician and songwriter Steven Cagan, who worked with Melissa Manchester, Better Midler, Marvin Hamlisch and Diahann Carroll, died Feb. 1 in Los Angeles.
Leer más »
Burger King parent's stock rises on earnings beatPopeyes Louisiana Kitchen's chicken sandwich permanently returned in November.
Leer más »