This is of the best-positioned stocks to weather a slowdown in travel demand heading into 2023, this top tech analyst says
Evercore ISI's Mark Mahaney views Booking Holdings as one of the best-positioned stocks to weather a slowdown in travel demand heading into 2023. Despite tumbling 14% this year, Booking offers value to its shareholders and a "battle-tested management" team, Mahaney told CNBC's "Closing Bell" on Thursday.
" Wall Street is preparing for a slowdown in travel over the coming months following a record-breaking summer stemming from pent-up demand during the pandemic. Despite this backdrop, Mahaney views many travel businesses more favorably than other digital companies that benefitted from Covid-19 tailwinds and must now cut costs amid a weakening macro environment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Mark and Brian Show’ DJ Mark Thompson revisits the KLOS-FM years in new bookIn his memoir ‘Don’t Bump the Record, Kid,’ Thompson, who will be appearing in Beverly Hills Dec. 3 at the Saban Theater, shares his 25 years in LA radio.
Read more »
GBP/USD refreshes daily top, retakes 1.2000 mark amid modest USD weaknessThe GBP/USD pair attracts some buying on Tuesday and maintains its bid tone through the first half of the European session. The pair is currently plac
Read more »
Republic Is the Top Label of 2022: The Year in ChartsRepublic also rules as the top Billboard 200 Label and top Hot 100 Label.
Read more »
Why the Mark Twain Industry Keeps GrowingMark Twain, who was born on this day in 1835, is sometimes called America’s first literary celebrity; Adam Gopnik argues that the writer was a celebrity full stop, the first of an enduring American type.
Read more »
USD/CAD remains on the defensive around 1.3400 mark, seems vulnerable amid weaker USDThe USD/CAD pair consolidates the previous day's heavy losses and oscillates in a narrow range, around the 1.3400 mark through the early European sess
Read more »
Mark Zuckerberg says that Apple's App Store policies aren't 'sustainable' for the companyMark Zuckerberg, at The New York Times DealBook summit on Wednesday, had some harsh words for Apple and its App Store policies.
Read more »