This comes as travel booking stocks Expedia and Booking Holdings have shown signs of life. “Looking at Expedia and Booking right now, the reason why I’m very bearish on these stocks is because of air travel. It’s similar to counting mall traffic for retail stocks,” O’Hara said in the same “Trading Nation” segment. To highlight the impact on the travel stocks, O’Hara overlaid the TSA checkpoint data on top of the stock performances of Expedia and Bookings. Airbnb, though, could get a boost from positive momentum in the initial public offering space, Shay said.

Source: The Standard August 21, 2020 14:15 UTC