AllllSevens
Stock-Market Research, Institutional Trading & Market Inefficiencies
Booking Holdings has probably bottomed, and money could eventually rotate into companies actually using AI to improve their business, which the market does not yet see. Record dollar volume on sweeps of prior lows, old resistance holding as support and failed new lows suggest sellers are exhausted, with price about 30% off its highs. It is still a laggard fighting the trend while semis rip, so it merits a small starter, not size, stopped on a new low. x.com x.comÂ
Adobe and Expedia belong on a short list of businesses AI is going to disrupt, a basket better shorted to hedge long exposure than bought as falling knives. Per Barchart, Adobe has fallen to its lowest price in more than eight years, over 70% below its 2021 high, and @AtlasShrug1 finds it hard to see how Booking and Expedia escape AI travel agents. There are many better places to allocate capital. x.com x.com x.comÂ
Booking Holdings faces a valid long-term bear case as AI agents could take a share of the 13-18% online travel take rate. Testing Meta's Muse and Instinct for a hotel search showed them drawing on Booking and Expedia inventory for now, but agents could eventually build direct ties with long-tail hotels, better reviews and pre- and post-booking service at lower fees. OTAs' own agents look mediocre and lack users' context. At 13x 2027 EPS it tempts as a contrarian long, but looks too tough. x.com … Show more
