Airbnb
Airbnb (ABNB) shares aren’t doing anything special today, but Expedia (EXPE) is, and that’s what I want you to pay attention to. Shares of Expedia are trading 19% lower after the company warned of a global slowdown in discretionary travel.
ABNB will announce their results next Wednesday. The company warned last quarter, but investors kept buying the stock. A second questionable quarter would take the shares to $130.
PayPal
Buy the Dippers are coming in to grab shares of PayPal (PYPL) at $57.50. This is the same price that the stock held as support in January, but things are different this time. A break below $57.50 is likely to take PYPL to $50 over the next four to six weeks.
As a bonus, shares of Affirm (AFRM) are down 7% but well above their bullish 50-day. If you must own shares of either PYPL or AFRM, the latter is your best bet.
Applied Materials
How about some good news? Shares of Applied Materials (AMAT) are ripping to new all-time highs as they break through $180. The move is backed by strength in the semiconductor sector.
You simply must have exposure to the semis at this point in the game. I’ll temper that a bit by pointing out that Nvidia (NVDA) will provide their quarterly results on February 21, and we’ll probably see some “sell the news” effect after that HUGE report hits – but that will simply be a temporary opportunity to buy.
Blue Horseshoe Loves AMD (AMD).
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About the Author
Chris Johnson (“CJ”), a seasoned equity and options analyst with nearly 30 years of experience, is celebrated for his quantitative expertise in quantifying investors’ sentiment to navigate Wall Street with a deeply rooted technical and contrarian trading style.
