Amplify ETF Trust Amplify Travel Tech ETFの空売り状況は、投資家がAmplify ETF Trust Amplify Travel Tech ETFの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Amplify ETF Trust Amplify Travel Tech ETF (ARCA:AWAY), 空売り情報

Amplify ETF Trust Amplify Travel Tech ETF

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The Fund generally expects to use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Index in approximately the same proportions as in the Index. However, the Fund may utilize a representative sampling strategy with respect to the Index when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Index, in instances in which a security in the Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Index.

Airbnb Inc

Uber Technologies

Booking Holdings, Inc.

Expedia Group Inc (consumer Discretionary)

Online Ventures Pty Ltd

Makemytrip Limited Mauritius Shs

Accesso Technology Group Plc

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HomeAway

HomeAway, Inc.

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TRIP

（NASDAQ:TRIP）は、同社が2日の通期24年度第2四半期決算を発表した後、下落して取引されています。1株当たりの調整後利益は0.39ドルで、これはウォール街の予想の0.37ドルを上回る数値でした。四半期純収益は4億9700万ドルで、これはアナリスト予想の5億4800万ドルに対して1%の下落となりました。 

水曜日のマーケット予測　アナリストの予測は

AWAYSIS CAPITAL INC by Awaysis Capital Inc.

Awaysis Capital Inc

The United States will be showered with love as 56% of its adults are planning to celebrate this Valentine&#39;s Day. About 28% of the population will observe the occasion. Spending would be a total of $27.5 billion (an average of $188.81 per person, up from $185.81 in 2024),&nbsp;<a href="https://nrf.com/research-insights/holiday-data-and-trends/valentines-day" target="_blank">per NRF</a>. The amount is up from last year&#39;s $25.8 billion and slightly above the previous record of $27.4 billion set in 2020.&nbsp;
Naturally, the day of love will translate into a great day for business. But exchanging chocolates, greeting cards, flowers, and precious metals as gifts may seem clich&eacute;d to some people lately. Instead, impress your loved one in a unique way with stocks of companies that are likely to do good business this Valentine&#39;s Day.
Let&#39;s dive a little deeper.
<h2>Candies, Cards &amp; Flowers Continue to Remain Age-Old Gift</h2>
About 56% of consumers are planning to buy candies, followed by greeting cards (40%) and flowers (40%). Zacks Rank #3 (Hold)&nbsp;Simply Good Foods (SMPL) is likely to be one of the best bets this year. When it comes to ETF investing, companies within First Trust Nasdaq Food &amp; Beverage ETF&nbsp;FTXG and Invesco Dynamic Food &amp; Beverage ETF&nbsp;PBJ should do good business on this day of love.
<h2>Gifting Precious Metals Is Ageless</h2>
Gifting jewelry this Valentine&#39;s Day has become more popular than ever before. About 22% of the population plans to spend on jewelry. Total spending on jewelry could touch a high of $6.5 billion, per NRF. Forget gifting precious metal in physical form, gift gold bullion ETF&nbsp;SPDR Gold Shares&nbsp;GLD. It is up about 9% this year. Gold is considered to be a safe haven and may gain strength if stock volatility persists.
<h2>Gifting an Experience: An Emerging Trend</h2>
About 35% of people are planning an evening out and are likely to spend about $5.4 billion. In this regard, restaurant ETF&nbsp;AdvisorShares Restaurant ETF&nbsp;EATZ and experience ETFs like&nbsp;Amplify Travel Tech ETF AWAY&nbsp;should benefit. As far as stocks are concerned, Zacks Rank #2 (Buy) players&nbsp;Intercontinental Hotels Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ihg#NYSE">IHG</a>)and Darden Restaurants DRI are good bets.
<h2>Shopping Online: The Latest Fad</h2>
About 38% of consumers are planning to buy their Valentine&#39;s gifts online this year.&nbsp;ProShares Online Retail ETF&nbsp;(ONLN) is a beneficiary of the trend. With all the celebrations around, who can forget&nbsp;Amazon&nbsp;AMZN, a hot destination for online shopping?
<h2>Dollar Store: A Winner Too?</h2>
Visiting department stores (34%) and discount stores (29%) would also remain in trend. Consumers will look for sales and promotions while celebrating Valentine&#39;s Day this year. Several discount retailers like Zacks Rank #2&nbsp;Costco&nbsp;COST may win from the trend and make&nbsp;VanEck Vectors Retail ETF&nbsp;RTH a gainer.
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<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=DRI&amp;ADID=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_DRI&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">Darden Restaurants, Inc. (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/dri#NYSE">DRI</a>): Free Stock Analysis Report 
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<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=COST&amp;ADID=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_COST&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">Costco Wholesale Corporation (NASDAQ: </a><a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>): Free Stock Analysis Report 
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<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=SMP&amp;ADID=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_SMP&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">Standard Motor Products, Inc. (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/smp#NYSE">SMP</a>): Free Stock Analysis Report 
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<a href="https://www.zacks.com/registration/pfp/?ALERT=ETF225&amp;adid=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_AWAY&amp;d_alert=rd_final_rank&amp;t=AWAY&amp;split=1&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">Amplify Travel Tech ETF (NASDAQ: </a><a class="ticker" href="https://www.benzinga.com/stock/away#NASDAQ">AWAY</a>): ETF Research Reports 
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<a href="https://www.zacks.com/registration/pfp/?ALERT=ETF225&amp;adid=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_GLD&amp;d_alert=rd_final_rank&amp;t=GLD&amp;split=1&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">SPDR Gold Shares (ETF:GLD): ETF Research Reports</a> 
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<a href="https://www.zacks.com/registration/pfp/?ALERT=ETF225&amp;adid=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_RTH&amp;d_alert=rd_final_rank&amp;t=RTH&amp;split=1&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">VanEck Retail ETF (ETF:RTH): ETF Research Reports</a> 
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<a href="https://www.zacks.com/registration/pfp/?ALERT=ETF225&amp;adid=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_PBJ&amp;d_alert=rd_final_rank&amp;t=PBJ&amp;split=1&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">Invesco Food &amp; Beverage ETF (ETF:PBJ): ETF Research Reports</a> 
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<a href="https://www.zacks.com/registration/pfp/?ALERT=ETF225&amp;adid=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_FTXG&amp;d_alert=rd_final_rank&amp;t=FTXG&amp;split=1&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">First Trust NASDAQ Food &amp; Beverage ETF (FTXG): ETF Research Reports</a> 
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<a href="https://www.zacks.com/registration/pfp/?ALERT=ETF225&amp;adid=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_ONLN&amp;d_alert=rd_final_rank&amp;t=ONLN&amp;split=1&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">ProShares Online Retail ETF (ONLN): ETF Research Reports</a> 
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<a href="https://www.zacks.com/registration/pfp/?ALERT=ETF225&amp;adid=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_EATZ&amp;d_alert=rd_final_rank&amp;t=EATZ&amp;split=1&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">AdvisorShares Restaurant ETF (EATZ): ETF Research Reports</a>
<a href="https://www.zacks.com/stock/news/2416017/etfs-stocks-to-gift-your-valentine-this-year?cid=CS-BENZ-FT-etf_news_and_commentary-2416017">To read this article on Zacks.com click here.</a>
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ETFs & Stocks To Gift Your Valentine This Year

Despegar.com, Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DESP#NYSE">DESP</a>) shares are surging premarket on Monday after the company disclosed a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42643653/despegar-com-enters-into-merger-agreement-to-be-acquired-by-prosus-for-19-50-per-share-in-cash" rel="noreferrer noopener">deal to be acquired</a> by Prosus for $19.50 per share in an all-cash transaction.
The transaction price reflects a 34% premium over Despegar&#8217;s 90-day volume-weighted average share price as of December 20, 2024.
Despegar&#8217;s Board of Directors has approved the merger agreement and recommended shareholder approval following the unanimous endorsement of a Transaction Committee composed of independent directors.
The deal values Despegar at approximately $1.7 billion in enterprise value.
Despegar will gain access to Prosus&#8217; extensive resources, operational expertise, and advanced AI capabilities.
As per the deal, a wholly owned subsidiary of Prosus will merge with Despegar, with Despegar remaining as the surviving entity.
Each outstanding share of Despegar will be converted into the right to receive $19.50 in cash, while the company&#8217;s Series A Preferred Shares will be canceled and converted into payments as specified by their terms.
The transaction is anticipated to close in the second quarter of 2025, pending shareholder approval, regulatory clearances, and other <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42643979/prosus-to-acquire-latin-americas-leading-online-travel-agency-despegar-for-us-1-7bn" rel="noreferrer noopener">customary closing conditions</a>.
Following the transaction&#8217;s completion, Despegar will transition to a privately held company. Its ordinary shares will be delisted from the New York Stock Exchange and will no longer trade on any public market.
Damian Scokin, Despegar&#8217;s CEO said, &#8221;Our customers will benefit from access to more services, enhanced customer experiences, increased loyalty benefits, and more comprehensive solutions tailored to their needs. Together we are setting the stage for a new era of travel marked by greater connectivity, innovation and value.&#8221;
Fabricio Bloisi, CEO of Prosus Group, added, &#8220;Despegar adds significantly to our strong ecosystem in Latin America, a market with amazing growth potential. Today&#8217;s announcement is about opportunity and growth &#8211; alone Despegar is a successful business with great fundamentals and a motivated management team; together, both Despegar and Prosus will make it even stronger.&#8221;
Investors can gain exposure to the DESP via Amplify ETF Trust Amplify Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>) and Global X MSCI Argentina ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>).
Price Action: DESP shares are up 32.80% at $19.45 premarket at the last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com//node/42643303" target="_blank" rel="noreferrer noopener">US Stocks To Open Higher As Wall Street Expects &#8216;Santa Rally&#8217; In Shortened Trading Week: MicroStrategy, Palantir, Qualcomm Among Stocks In Focus</a></li>
</ul>
Photo by Capri23auto from Pixabay

ARGT

DESP

Despegar To Be Acquired By Prosus For $1.7 Billion in All Cash Deal

BofA Securities analyst Justin Post upgraded Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) to Buy from Neutral and raised the <a target="_blank" href="https://www.benzinga.com/quote/EXPE/analyst-ratings" rel="noreferrer noopener">price target to $221 from $187</a>.
The analyst says that U.S. bookings, reported OTA nights, and RevPAR data had been trending at low single digits in 2024, but he is seeing early signs of modest improvement, which may indicate a normalization in domestic leisure travel spending into 2025.
While Expedia faced sentiment challenges due to soft B2C nights growth and revenues (-1% in the third-quarter of 2024) compared to peers, the analyst notes trends can improve in 2025 due to easier comps and better positioning at VRBO and Hotels.com.
Post says that he is more confident that Expedia can meet Street expectations for 10% EBITDA growth in 2025, supported by improving U.S. consumer sentiment post-election and a growing contribution from advertising, which rose 32% in the third-quarter 2024 and could account for 3 points of EBITDA growth next year.
Lastly, long-only sentiment remains cautious on Expedia, but a new management team with stronger execution could reignite investor interest and support multiple expansion, adds the analyst.
Investors can gain exposure to the stock via&nbsp;Invesco Leisure and Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>) and&nbsp;Amplify ETF Trust Amplify Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>).
Price Action: EXPE shares are up 2.73% at $185.58 at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42274747/consumers-discretionary-outshines-sp-500-ahead-of-the-holidays-tesla-garmin-tapestry-lead-the-charge" target="_blank" rel="noreferrer noopener">Holiday Momentum Pushes Retail, Leisure Stocks Past S&amp;P 500 – Tesla, Garmin, Tapestry Stand Out</a></li>
</ul>
Photo: II.studio/Shutterstock.com.

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Expedia's Turning Point? BofA Sees Upside With VRBO Gains And Post-Election Boost

Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) shares rise after announcing new autonomous vehicle partnerships to offer future autonomous vehicle <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41774085/lyft-announces-new-round-of-autonomous-partnerships" rel="noreferrer noopener">rides through the Lyft app.</a>
Lyft and Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) have announced a strategic alliance aimed at accelerating the commercialization of autonomous vehicle (AV) services. Mobileye, a provider of self-driving technology and advanced driver assistance systems (ADAS), will deliver its AV technology to manufacturers of AV-ready vehicles, which will then be made available to fleet operators and transportation service providers.
&#8220;Mobileye&#8217;s full-stack technology is an important part of getting autonomous fleets Lyft-ready,&#8221; said David Risher, CEO at Lyft.
The partnership intends to leverage Lyft&#8217;s extensive network of 40 million annual riders to create a seamless demand platform for Mobileye Drive-equipped AV fleets.
The collaboration will allow future AV fleet operators to purchase Lyft-ready vehicles from manufacturers and utilize Lyft&#8217;s platform to optimize fleet utilization and profitability in major North American cities.
Also Read:<a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41776661/tesla-gm-norwegian-cruise-push-consumer-discretionary-ahead-of-s-p-500-on-election-day" rel="noreferrer noopener"> Tesla, GM, Norwegian Cruise Push Consumer Discretionary Ahead Of S&amp;P 500 On Election Day</a>
Additionally, Mobileye&#8217;s new cloud-based AV demand technology, combined with Lyft&#8217;s AV Partner APIs, will connect AV fleets with riders, enabling faster and broader availability of autonomous rides for Lyft users.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, LYFT stock has gained over 35% in the past year. Investors can gain exposure to the stock via&nbsp;Advisor Managed Portfolios Trenchless Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVER#NYSE">RVER</a>) and&nbsp;Amplify ETF Trust Amplify Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>).
In a separate release, Lyft announced a partnership with Nexar,&nbsp;leveraging Nexar&#8217;s vast cutting-edge video telematics to create data-driven solutions that accelerate <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41774179/nexar-and-lyft-partner-to-drive-the-future-scaling-of-autonomous-vehicles" rel="noreferrer noopener">the deployment of AV technologies.</a>
This partnership combines Nexar&#8217;s vast video data, including 45 petabytes of footage from 200 million miles driven monthly, with Lyft&#8217;s anonymized marketplace data.
&#8220;This partnership is part of our work to make Lyft&#8217;s network the best way to commercialize AVs at scale, and empowers us to use our rideshare expertise to push the entire industry forward,&#8221; said&nbsp;Jeremy Bird, EVP at Lyft.
Price Action: LYFT shares are trading higher by 2.79% to $14.19 at last check Wednesday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/11/41775201/cannabis-reform-stumbles-in-2024-elections-a-state-by-state-breakdown-as-stocks-take-a-hit" target="_blank" rel="noreferrer noopener">Cannabis Reform Stumbles In 2024 Elections: A State-By-State Breakdown As Stocks Take A Hit</a></li>
</ul>

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LYFT

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What's Going On With Lyft Stock Today?

Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Thursday.</a>
The company said it is <a target="_blank" href="https://www.businesswire.com/news/home/20241017769811/en/Cash-App-Pay-Integrates-with-Lyft-for-Seamless-Payments#:~:text=With%20an%20integrated%20Cash%20App,App%20to%20the%20Lyft%20app" rel="noreferrer noopener">partnering</a> with Cash App to offer digital-first consumers greater flexibility when hailing a ride. Cash App is a payment service owned by&nbsp;Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>).
Through its integrated partnership with Cash App Pay, Lyft is introducing a simple and user-friendly payment option for riders. This allows customers to link Cash App directly to the Lyft app, eliminating the need to take out a card or enter payment details.
This collaboration highlights Cash App Pay&#8217;s convenience and accessibility, catering to the preferences of the next generation of customers, per the company&#8217;s press release.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/41372597" rel="noreferrer noopener">Elon Musk Isn&#8217;t The Only One Chasing &#8216;Super App&#8217; Dominance In The US— Uber CEO Eyes A Slice With Potential Expedia Acquisition</a>
&#8220;Today&#8217;s partnership with Cash App gives riders even more options for getting out into the world — making it as easy and rewarding to pay for a Lyft ride,&#8221;&nbsp;said Jordan Glassberg, VP of Partnerships and Loyalty at Lyft.
For digital-first consumers seeking alternatives to traditional credit cards, Cash App Pay offers the flexibility to pay using their Cash App balance or a linked debit card.
A recent study on customer satisfaction in banking and financial technologies found that Cash App is a preferred platform among Gen Z and Millennials.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, LYFT stock has gained over 25% in the past year. Investors can gain exposure to the stock via&nbsp;Advisor Managed Portfolios Trenchless Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVER#NYSE">RVER</a>) and&nbsp;Amplify ETF Trust Amplify Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>).
Price Action: LYFT shares are trading higher by 1.16% to $13.55 at last check Thursday.
Photo via Shutterstock
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</ul>

Lyft's Latest Move: Cash App Partnership Offers Easier Payments For Gen Z And Millennials

Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) shares are trading lower after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40201598/tripadvisor-inc-earnings-press-release-available-on-companys-investor-relations-site" rel="noreferrer noopener">second-quarter FY24 results yesterday</a>.
Adjusted earnings per share of $0.39 topped<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener"> the street view of $0.37</a>.
Quarterly revenues of&nbsp;$497 million&nbsp;missed the analyst consensus of&nbsp;$504.8 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">increasing&nbsp;1%&nbsp;Y/Y.&nbsp;</a>
Total Adjusted EBITDA in the quarter under review rose&nbsp;8%&nbsp;to&nbsp;$97 million.
Brand Tripadvisor sales slumped 10%&nbsp;Y/Y to&nbsp;$250 million. Brand Tripadvisor adjusted EBITDA declined 13% Y/Y to $84 million, with a margin of 34% (flat Y/Y).
On the other hand, Viator revenue&nbsp;was&nbsp;$244 million, reflecting&nbsp;Y/Y&nbsp;growth of&nbsp;13%.&nbsp;&nbsp;
As of June-end, the company held around $1.2 billion in cash and cash equivalents.
In the second quarter of 2024, Tripadvisor repurchased 1.366 million shares of its common stock at an average price of $18.28 per share, totaling $25 million, excluding fees and commissions.
Mike Noonan, Chief Financial Officer said, &#8220;Our consolidated performance reflected the strength of combined contributions across the segments, despite some of the anticipated top line headwinds in the quarter. Our operational progress provides us the confidence that our segment strategies are setting the groundwork for an attractive long-term financial profile.&#8221;
Investors can gain exposure to the stock via Amplify ETF Trust Amplify Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>).
Price Action:&nbsp;TRIP shares are down 14.4% at $13.97 premarket at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Tero Vesalainen via shutterstock

Why Is Tripadvisor Stock Trading Lower Premarket Wednesday?

LYFT Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) is poised to miss on earnings when it reports <a href="http://Uber Q2 Earnings: Revenue And EPS Beat, 30M Trips Per Day, CEO Highlights Record Growth And More">second-quarter results</a> on Thursday as it faces concerns over consumer trends and market share, analysts say.
KeyBanc Capital Markets forecasts earnings before income tax, depreciation and amortization to come in at $97 million for the quarter, below analyst consensus of $101 million. It expects gross bookings of $4.05 billion to narrowly miss Wall Street expectations of $4.06 billion.
&#8220;We believe many ridesharing use cases are more resilient to macro but do believe riders can opt for cheaper alternatives like public transportation in some scenarios,&#8221; KeyBanc analyst Justin Patterson said in a note.
&#8220;Thus, we believe consumer strength trends will be important to monitor.&#8221;
RBC Capital Markets expects Lyft to post $97.5 million in EBITDA for the second quarter, below analyst consensus of $98.1 million, and $4.053 billion in bookings that will miss analyst expectations of $4.058 billion.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39233761/lyft-competing-in-lock-step-with-uber-technologies-analysts-eye-multiple-shots-on-g">Lyft Competing In Lock-step With Uber Technologies: Analysts Eye &#8216;Multiple Shots&#8217; On Goal For Growth</a>
&#8220;Our recent driver supply analysis, conducted in July &#8217;24, indicated some erosion in rider pick-up times, where pick-up times for UBER came down significantly compared to LYFT,&#8221; RBC analyst Brad Erickson said in a note.
&#8220;Although we have noticed some fluctuation in both directions for UBER and LYFT in terms of pickup times and total travel time, we believe this is not necessarily a red flag but worth monitoring.&#8221;
RBC has also noticed &#8220;some weakness&#8221; in Lyft&#8217;s data related to third-party arrangements with DoorDash and other delivery services.
&#8220;It is important to note price continues to move in lock-step, giving us confidence LYFT continues to keep pace with its major competitor,&#8221; Erickson wrote.
Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) reported fiscal second-quarter 2024 revenue growing 16% year-on-year to $10.7 billion, beating Wall Street consensus of $10.57 billion. The company also posted GAAP EPS of 47 cents; analysts consensus expectations were 31 cents.
Price Action: Lyft gained 3.03% to $10.89 as of Tuesday&#8217;s mid-day trading.
Most exchange-traded funds that track Lyft also advanced on Tuesday.
<ul>
<li>Trenchless Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVER#NYSE">RVER</a>) gained 1.74%.</li>
<li>ProShares On-Demand ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OND#NYSE">OND</a>) slipped 2.83%.</li>
<li>Amplify Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>) picked up 2.23%.</li>
<li>SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>) rose 2.23%.</li>
<li>Amplify Online Retail RTF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBUY#NYSE">IBUY</a>) edged up 0.91%.</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/news/24/04/38215593/uber-and-lyfts-minneapolis-exit-delayed-as-wage-ordinance-postponed">Uber And Lyft&#8217;s Minneapolis Exit Delayed As Wage Ordinance Postponed</a></li>
</ul>
Photo: Shutterstock

IBUY

UBER

Lyft's Ride Gets Bumpy: Earnings Expected To Fall Short While  Market Shifts

Uber Technologies, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and&nbsp;Lyft, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) drivers in Minnesota will receive higher pay starting January 1, 2025, thanks to a new law resulting from negotiations between the state and these ride-hailing giants.&nbsp;
Governor Tim Walz, who supports the bill and will likely sign it, has agreed on rates of at least $1.28 per mile and $0.31 per minute for drivers.&nbsp;
The rates align with a state study&#8217;s recommendations, which suggested earnings between $0.89 and $1.207 per mile and $0.487 per minute, TechCrunch&nbsp;<a target="_blank" href="https://techcrunch.com/2024/05/21/uber-and-lyfts-ride-hailing-deal-with-minnesota-comes-with-a-cost/" rel="noreferrer noopener">reports</a>.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/05/38613581/uber-and-lyft-drivers-future-hangs-in-balance-as-massachusetts-supreme-court-deliberates" rel="noreferrer noopener">Uber And Lyft Drivers&#8217; Future Hangs In Balance As Massachusetts Supreme Court Deliberates</a>
The&nbsp;<a target="_blank" href="https://www.benzinga.com/general/24/03/37831220/uber-lyft-leave-minneapolis-after-new-minimum-wage-law-leaves-10-000-out-of-work-we-are-disappointed" rel="noreferrer noopener">legislation offers compromises</a>&nbsp;that benefit all parties involved but could increase costs for riders.
The bill provides protections such as vehicle insurance and injury compensation for drivers, reflecting similar measures in New York City, where Uber and Lyft contribute to the Black Car Fund, adding a 2.75% levy on each fare to cover worker&#8217;s compensation.
Governor Walz had vetoed an earlier version of the bill, citing concerns about high ride-hailing costs in Minnesota.&nbsp;
Meanwhile, Uber and Lyft have been lobbying, spending $220,000 collectively in Minnesota in 2023.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/22035617/newplot-16.png" alt="" class="wp-image-349431" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/22035617/newplot-16.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/22035617/newplot-16-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
In May, Uber reported&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38699562/ubers-bottomline-takes-a-hit-despite-revenue-uptick-stock-tanks" rel="noreferrer noopener">fiscal first-quarter 2024</a>&nbsp;revenue growth of 15% year-on-year to $10.10 billion, lagging the&nbsp;analyst consensus of $10.11 billion.&nbsp;Uber&#8217;s GAAP EPS of $(0.32) loss missed the&nbsp;analyst consensus loss of $(0.23).&nbsp;
Trips grew 21% Y/Y to 2.57 billion, or 28 million per day. Uber clocked an Adjusted EBITDA of $1.5 billion, driven by Mobility.
Analysts flagged Uber beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38709587/uber-stock-dips-9-after-q1-earnings-jpmorgan-analyst-says-pullback-overdone" rel="noreferrer noopener">upper limit of</a>&nbsp;the EBITDA guide for the eleventh straight quarter. They also highlighted strong mobility profitability, acceleration in delivery, and increased focus on profits and free cash flow.&nbsp;
Uber stock gained over 63% in the last 12 months, and&nbsp;Lyft gained 98%. Investors can gain exposure to&nbsp;these stocks via the&nbsp;ProShares On-Demand ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OND#NYSE">OND</a>) and&nbsp;the Amplify ETF Trust Amplify Travel Tech ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>).
Price Actions: UBER shares were trading higher by 0.25% at $64.13 premarket at the last check on Wednesday.
Photo via Shutterstock

Government

Regulations

Media

Uber and Lyft Gear Up for Pay Increases in Minnesota: What Drivers and Investors Need to Know

Indian online travel company&nbsp;MakeMyTrip Limited&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>)&nbsp;reported fiscal fourth-quarter 2024 adjusted revenue of&nbsp;$212.53 million, up from $166.11 million a year ago, beating&nbsp;the analyst consensus estimate of&nbsp;<a target="_blank" href="https://investors.makemytrip.com/" rel="noreferrer noopener">$197.42 million</a>.
Adjusted EPS of $0.38&nbsp;beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $0.20</a>.&nbsp;
Revenues benefited from sustained elevated travel demand in India for domestic and international outbound travel.
In constant currencies, revenue from the air ticketing business grew by 42.9% Y/Y in CC to $55.08 million, the hotels and packages business rose 30.0% in CC to $105.48 million, bus ticketing business increased by 27.1% Y/Y in CC to $23.8 million, and others business climbed 117.6% in CC to $18.53 million.
Gross bookings surged 23.0%&nbsp;Y/Y&nbsp;to $2.04 billion. Adjusted operating profit improved 70.4%&nbsp;Y/Y&nbsp;to $32.43 million.&nbsp;
MakeMyTrip held $607.8 million in cash and equivalents as of March-end.
CEO Rajesh Magow said,&nbsp;&#8220;Indians are embracing the call to travel with a newfound enthusiasm with both leisure and business-related travel demand in India having crossed pre-pandemic levels."
Makemytrip stock gained 194% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Exchange Traded Concepts Trust India Internet &amp; Ecommerce ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INQQ#NYSE">INQQ</a>) and&nbsp;Amplify ETF Trust Amplify Travel Tech ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>).
Price Action: MMYT shares are trading higher by 1.6% at $78.27 at the last check Wednesday.
Image Via Shutterstock

Exchange Traded Concepts Trust India Internet & Ecommerce ETF

INQQ

MMYT

MakeMyTrip CEO Highlights Surge in Travel Demand as Q4 Earnings Exceed Expectations

Apollo Global Management Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) is interested in potentially acquiring&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/02/37093324/why-tripadvisor-stock-is-moving-higher-tuesday" rel="noreferrer noopener">travel information company</a>&nbsp;TripAdvisor Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>), a part of John Malone&#8217;s Liberty Media group.&nbsp;
This exploration is based on information from sources familiar with these early-stage deliberations, who preferred to remain anonymous due to the private nature of these talks.&nbsp;
While Apollo has refrained from commenting on the matter, TripAdvisor has yet to respond to inquiries regarding the potential bid, Bloomberg&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-03-06/apollo-is-said-to-have-expressed-interest-in-tripadvisor?sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
TripAdvisor has engaged advisers following the receipt of takeover interest, indicating a proactive approach to exploring possible acquisition proposals.&nbsp;
The company&#8217;s shares have significantly risen by 25% over the last year. However, there was a slight decline of 0.3% in its share price to $26.59, valuing the company at approximately $3.7 billion in equity market value, with a total valuation of about $3.5 billion, including net debt.
The company&#8217;s primary shareholder, Liberty TripAdvisor Holdings Inc, (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LTRPA#OTC">LTRPA</a>) holds a controlling interest with 21.1% of the stock and 56.9% of the voting power, showcasing the significance of its influence over TripAdvisor. 
Moreover, other notable stakeholders include BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) and Vanguard Group Inc, each possessing over 10% of TripAdvisor&#8217;s shares.
In February, TripAdvisor disclosed forming a special committee to evaluate potential proposals for a deal.
In February, TripAdvisor reported fourth-quarter revenue of $390.00 million, up by 10% year-on-year, beating the consensus of $374.44 million. Adjusted EPS of $0.38 beat the consensus of&nbsp;<a target="_blank" href="https://ir.tripadvisor.com/events-and-presentations" rel="noreferrer noopener">$0.22</a>.
Investors can gain exposure to the travel sector via&nbsp;Amplify ETF Trust Amplify Travel Tech ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>) and&nbsp;Defiance Hotel, Airline, And Cruise ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRUZ#NYSE">CRUZ</a>).&nbsp;
Price Action:&nbsp;TRIP shares traded higher by 1.89% at $27.17 on the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Tero Vesalainen via shutterstock

CRUZ

LTRPA

LTRPB

TripAdvisor Attracts Apollo Global's Interest for Possible Buyout

Booking Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkng#NASDAQ">BKNG</a>) shares gapped down Thursday.
The company reported a first-quarter loss that was narrower than expected. The company posted a loss of $5.26 per share against a Street estimate of $7.26 per share. Revenue of $1.14 billion surpassed the estimate of $1.12 billion. The company&#39;s performance was likely hit by travel restrictions due to COVID-19.
<img alt="bkngdaily5-6-21.png" src="https://www.benzinga.com/files/u285825/bkngdaily5-6-21.png" style="height:400px; width:640px" />
<h3>Booking Holdings Daily Chart Analysis</h3>
<ul>
<li>The stock looks to have recently broken out of a bullish flag pattern and is looking to consolidate.</li>
<li>The stock is trading below the 50-day moving average (green), and above the 200-day moving average (blue). This indicates the stock is most likely facing a period of consolidation.</li>
<li>The 50-day moving average may act as a place of resistance for the stock, and the 200-day moving average is somewhere the stock possibly finds support.</li>
</ul>
<h3>Key Booking Holdings Levels To Watch</h3>
<ul>
<li>The stock looks to have broken out of a bullish flag pattern and may be facing a period of consolidation.</li>
<li>The stock moved higher before facing a period of consolidation from 2018-2021. This year, the stock has broken&nbsp;the resistance lines formed by connecting previous highs.</li>
<li>The stock may face a period of consolidation throughout the coming&nbsp;months before the stock may make a large move again.</li>
</ul>
<h3>What&rsquo;s Next For Booking Holdings?</h3>
Bullish technical traders would like to see the stock continue to form higher lows and rise. A period of consolidation may follow before the stock makes another move.
Bearish technical traders would like to see the stock fall back to the levels it was once at before the bullish flag broke out.&nbsp;
Booking Holding is a top 10 holding in the following ETFs: ETFMG Travel Tech ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/away#NYSE">AWAY</a>), Global X E-commerce ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ebiz#NYSE">EBIZ</a>), Invesco NASDAQ Internet ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnqi#NYSE">PNQI</a>)&nbsp;and iShares MSCI USA Quality Factor ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qual#NYSE">QUAL</a>)

Long Ideas

Short Ideas

Technicals

Travel

BKNG

EBIZ

PNQI

QUAL

Booking Holdings Stock Pulls Back: Technical Levels To Watch

The next generation of travel is here and now there&#39;s an exchange traded fund to help investors tap that theme following the debut of the ETFMG Travel Tech ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/away#NYSE">AWAY</a>), which debuted on Thursday.
<h3>What To Know</h3>
Aptly-tickered, AWAY tracks the Prime Travel Technology Index (PTRAVEL). Companies in the universe are engaged in the travel technology business.
&ldquo;Travel Technology Business is defined as providing technology, via the internet and internet-connected devices such as mobile phones, to facilitate the following categories: travel bookings and reservations, ride sharing and hailing, travel price comparison, and travel advice,&rdquo;<a href="https://etfmg.com/funds/away/"> according to ETFMG</a>.
AWAY&#39;s 26 holdings &ldquo;operate both direct to consumers and as providers to businesses. Companies with products and services that are predominantly tied to any of the categories of Travel Technology Business are collectively called &#39;Travel Technology Companies,&#39;&rdquo; said the issuer.
<h3>Why It&#39;s Important</h3>
AWAY addresses at least one issue some ETF nerds have been pondering: when and where Uber (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) and Lyft (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) would occupy an ETF for size. Those stocks combine for 20.10% of the new ETF&#39;s weight.
The 11% weight to Uber found in AWAY makes the new fund the second-largest ETF holder of the ride-hailing firm on a percentage basis.
With a 9.1% allocation to Lyft, AWAY is by far the largest ETF owner of that stock on a percentage basis. Travel means big business for the global economy, accounting for more than 10% of global GDP on an annual basis.
Other well-known names among AWAY&#39;s top 10 holdings include Booking.com (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkng#NASDAQ">BKNG</a>), Trip.com (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcom#NASDAQ">TCOM</a>) and the iShares MSCI South Korea ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ewy#NYSE">EWY</a>).
<h3>What&#39;s Next</h3>
Clearly, AWAY stands to benefit from upside in Lyft and Uber and is positioned as an adequate ETF proxy on those stocks.
In addition to the ride-hailing exposure, AWAY devotes 45% of its weight to travel booking and reservations sites, 18.22% to travel advice platforms and 17.44% to travel price comparison sites.
The new ETF charges 0.75% per year, or $75 on a $10,000 investment.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/20/02/15320283/3-esg-etfs-you-dont-know-about-but-should">3 Hidden Gems Among ESG ETFs</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/20/02/15307323/3-unique-etf-strategies-to-consider-right-now">3 Nifty Strategies With These ETFs</a>

New ETFs

Tech

TCOM

Uber, Lyft Lead A New Next Gen Travel ETF

Earlier this week, Goldman Sachs&#39; James Schneider and his team published their views on blockchain technology. Blockchain is a type of environment that acts like &quot;a shared digital ledger of transactions recorded and verified across a network of participants in a tamper-proof chain that is visible to all,&quot; according to Schneider.

	Of the companies called out in the note, we&#39;ll focus on Airbnb for this installment.

	Blockchain technology has the ability to offer de-centralized transactions, reduce fraud and improved trust among buyers/sellers, and increased levels of transparency and efficiency. Essentially, blockchain presents the potential to reduce friction in offering, recording and settling transactions.

	By improving the integrity of the transaction system, Schneider believes transactions such as those embarked upon by Airbnb participants would improve as transactions and online reviews would be better tracked to the parties. This would prevent false reviews, altered price for service, and would be the catalyst that compresses the performance of Hotel RevPAR further.

	Schneider lists is expectations as follows:
<ul>
<li>
		&quot;[B]lockchain could help accelerate the adoption of P2P lodging and generate $3-$9 billion in incremental revenue opportunity through 2020.&quot;</li>
<li>
		Electricity markets sees blockchain facilitating secure transactions driving potential for individuals to act as distributors of power, which Schneider pegs as a $2.5-$7 billion opportunity, annually.</li>
<li>
		Title Insurance could see U.S. cost savings of roughly $2-$4 billion by reducing errors and manual effort.</li>
<li>
		Cash Settlement of securities may see upwards of $11-$12 billion in savings.</li>
<li>
		Anti-money laundering could save $3-$5 billion will improved levels of trust and less need for manual assessment.</li>
</ul>

	Blockchain could be the next catalyst that drives Airbnb, HomeAway, Inc. (NASDAQ: <a class="ticker" href="/stock/away#NYSE">AWAY</a>), etc. benefits through accelerated growth rates as blockchain helps to improve the appeal of non-hotel types of business offering lodging services. Naturally, if Airbnb and HomeAway accelerate growth rates that would be bad for the hotel names.

	To wit: &quot;However, user authentication and reputation is particularly challenging for lodging. With a secure, tamper-proof system based on blockchain, users can more easily credentialize themselves, which could increase ease of use and security for guests and hosts alike, driving accelerated adoption.&quot;

	<a href="/files/u52055/blockchain_for_renters.png"><img alt="" src="/files/u52055/blockchain_for_renters.png" style="width: 450px; height: 610px;" /></a>

	Given the weight Goldman is applying to the potential impact of the blockchain technology on lodging, it comes as no surprise the bank says &quot;Airbnb could be a top lodger by 2020.&quot;

	<a href="/files/u52055/exhibit_14.png"><img alt="" src="/files/u52055/exhibit_14.png" style="width: 451px; height: 189px;" /></a>

	The only question remaining after reading this glowing note is: When does Goldman start underwriting the Airbnb IPO?

Forex

Goldman Sachs Says Blockchain Could Drive Airbnb To Top Spot For Lodging By 2020

CORRECTION: HomeAway Halt Related to Expedia Acquisition, Will Go Off Exchange; Initial Headline as 'News Pending' Was Incorrect

HomeAway Shares Halted News Pending

<ul>
<li>
		HomeAway, Inc. (NASDAQ: <a class="ticker" href="/stock/away#NASDAQ">AWAY</a>) shares have gained 36 percent since October 9, having spiked during the last 5 trading days.</li>
<li>
		Pacific Crest&rsquo;s Evan Wilson downgraded the rating on the company to Sector Weight.</li>
<li>
		The company has agreed to be acquired by Expedia Inc (NASDAQ: <a class="ticker" href="/stock/expe#NASDAQ">EXPE</a>), and there are no counter bids likely, Wilson said.</li>
</ul>

	HomeAway has agreed to be acquired by Expedia in a deal that calls for $38.31 per share - $10.15 in cash and 0.2065 Expedia shares for every share of HomeAway. The deal has the unanimous approval of both the boards, and the transaction is expected to close in 1Q16.

	Analyst Evan Wilson said that the announcement of a 6 percent consumer fee at HomeAway &ldquo;could close the monetization gap with Airbnb, and increases the value of HomeAway as a strategic asset, in our mind.&rdquo;

	Wilson added that even with this announcement, deal still looks &ldquo;cheap&rdquo; and that if HomeAway had announced the fee prior to the acquisition, the purchase price may have been substantially higher.

	Priceline Group Inc (NASDAQ: <a class="ticker" href="/stock/pcln#NASDAQ">PCLN</a>) has announced that it has no plans of offering a competing bid for HomeAway. Since Priceline was the main candidate for another bid, the probability has declined significantly.

	&ldquo;AWAY was one of the few SMID internet names we liked, but the low likelihood of a competing offer leaves little room for material appreciation in its shares,&rdquo; Wilson wrote, while adding that Criteo SA (ADR) (NASDAQ: <a class="ticker" href="/stock/crto#NASDAQ">CRTO</a>) [Rated: Overweight] may be a better play for small-cap or value Internet investors.

Downgrades

CRTO

PCLN

HomeAway Investors, It's Time To Move To Criteo

Pacific Crest downgrades HomeAway (NASDAQ: <a class="ticker" href="/stock/away#NASDAQ">AWAY</a>) from Outperform to Sector Weight.

Pacific Crest Downgrades HomeAway to Sector Weight

Toward the end of trading Thursday, the Dow traded up 0.02 percent to 17,871.18 while the NASDAQ slipped 0.30 percent to 5,127.28. The S&amp;P also fell, dropping 0.09 percent to 2,100.35.
Leading and Lagging Sectors
In trading on Thursday, financial shares jumped by 0.27 percent. Top gainers in the sector included Investment Technology Group (NYSE: <a class="ticker" href="/stock/itg#NYSE">ITG</a>), up 19 percent, and Triple-S Management Corp. (NYSE: <a class="ticker" href="/stock/gts#NYSE">GTS</a>), up 19 percent.
Basic materials shares declined around 1.55 percent in Thursday's trading. Meanwhile, top losers in the sector included Royal Gold, Inc USA) (NASDAQ: <a class="ticker" href="/stock/rgld#NASDAQ">RGLD</a>), down 14 percent, and CF Industries Holdings, Inc. (NYSE: <a class="ticker" href="/stock/cf#NYSE">CF</a>), off 10 percent.
Top Headline
Facebook Inc (NASDAQ: <a class="ticker" href="/stock/fb#NASDAQ">FB</a>) reported better-than-expected earnings for the third quarter on Wednesday.
The Menlo Park, California-based company reported quarterly net income of $896 million, or $0.31 per share, compared to $806 million, or $0.30 per share, in the year-ago quarter. Its adjusted earnings came in at $0.57 per share. 
Its revenue climbed to $4.50 billion from $3.20 billion. However, analysts were expecting earnings of $0.52 per share on revenue of $4.37 billion. 
Equities Trading UP 
 HomeAway, Inc. (NASDAQ: <a class="ticker" href="/stock/away#NASDAQ">AWAY</a>) shares shot up 25 percent to $40.01 after Expedia Inc (NASDAQ: <a class="ticker" href="/stock/expe#NASDAQ">EXPE</a>) announced its plans to acquire HomeAway for around $3.9 billion in cash and stock. 
Shares of ePlus Inc. (NASDAQ: <a class="ticker" href="/stock/plus#NASDAQ">PLUS</a>) got a boost, shooting up 22 percent to $101.77 on better-than-expected Q2 results.
 Solaredge Technologies Inc (NASDAQ: <a class="ticker" href="/stock/sedg#NASDAQ">SEDG</a>) shares were also up, gaining 30 percent to $22.41 after the company reported upbeat quarterly results.
Equities Trading DOWN
 Castlight Health Inc (NYSE: <a class="ticker" href="/stock/cslt#NYSE">CSLT</a>) shares tumbled 28 percent to $3.79. Castlight Health reported a Q3 loss of $0.17 per share on revenue of $19.5 million.
Shares of Intersect ENT Inc (NASDAQ: <a class="ticker" href="/stock/xent#NASDAQ">XENT</a>) were down 23 percent to $16.68 after the company reported a wider-than-expected Q3 loss.
 AVG Technologies NV (NYSE: <a class="ticker" href="/stock/avg#NYSE">AVG</a>) was down, falling 16 percent to $20.13 after the company reported downbeat Q3 results.
Commodities
In commodity news, oil traded down 2.09 percent to $45.35, while gold traded down 0.22 percent to $1,103.80.
Silver traded down 0.58 percent Thursday to $14.97, while copper fell 3.04 percent to $2.25.
Eurozone
European shares closed mostly lower today. The eurozone's STOXX 600 declined 0.40 percent, the Spanish Ibex Index fell 0.40 percent, while Italy's FTSE MIB Index slipped 0.40 percent. Meanwhile, the German DAX rose 0.39 percent, and the French CAC 40 gained 0.64 percent, while U.K. shares fell 0.75 percent.
Economics
US jobless claims rose 16,000 to 276,000 in the week ended October 31, 2015. However, economists were projecting claims to reach 262,000 in the week.
U.S. nonfarm productivity increased at an annual pace of 1.6 percent in the third quarter, versus economists' expectations for a 0.2 percent decline.
Supplies of natural gas gained 52 billion cubic feet for the week ended October 30, the U.S. Energy Information Administration said. Analysts were expecting a rise between 55 billion cubic feet and 59 billion cubic feet.

Eurozone

Commodities

Global

Intraday Update

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RGLD

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Mid-Afternoon Market Update: Crude Oil Down 2%; Solaredge Technologies Shares Surge On Strong Results

Midway through trading Thursday, the Dow traded up 0.31 percent to 17,922.59 while the NASDAQ climbed 0.19 percent to 5,153.27. The S&amp;P also rose, gaining 0.28 percent to 2,108.12.
Leading and Lagging Sectors
In trading on Thursday, technology shares jumped by 0.31 percent. Top gainers in the sector included HomeAway, Inc. (NASDAQ: <a class="ticker" href="/stock/away#NASDAQ">AWAY</a>), up 23 percent, and Coherent, Inc. (NASDAQ: <a class="ticker" href="/stock/cohr#NASDAQ">COHR</a>), up 18 percent.
Basic materials shares declined around 1.14 percent in Thursday's trading. Meanwhile, top losers in the sector included Royal Gold, Inc USA) (NASDAQ: <a class="ticker" href="/stock/rgld#NASDAQ">RGLD</a>), down 11 percent, and Calgon Carbon Corporation (NYSE: <a class="ticker" href="/stock/ccc#NYSE">CCC</a>), off 9 percent.
Top Headline
Facebook Inc (NASDAQ: <a class="ticker" href="/stock/fb#NASDAQ">FB</a>) reported better-than-expected earnings for the third quarter on Wednesday.
The Menlo Park, California-based company reported quarterly net income of $896 million, or $0.31 per share, compared to $806 million, or $0.30 per share, in the year-ago quarter. Its adjusted earnings came in at $0.57 per share. 
Its revenue climbed to $4.50 billion from $3.20 billion. However, analysts were expecting earnings of $0.52 per share on revenue of $4.37 billion. 
Equities Trading UP 
 HomeAway, Inc. (NASDAQ: <a class="ticker" href="/stock/away#NASDAQ">AWAY</a>) shares shot up 23 percent to $39.25 after Expedia Inc (NASDAQ: <a class="ticker" href="/stock/expe#NASDAQ">EXPE</a>) announced its plans to acquire HomeAway for around $3.9 billion in cash and stock. 
Shares of Coherent, Inc. (NASDAQ: <a class="ticker" href="/stock/cohr#NASDAQ">COHR</a>) got a boost, shooting up 18 percent to $66.01 after the company reported upbeat Q4 earnings.
 Solaredge Technologies Inc (NASDAQ: <a class="ticker" href="/stock/sedg#NASDAQ">SEDG</a>) shares were also up, gaining 23 percent to $21.15 after the company reported upbeat quarterly results.
Equities Trading DOWN
 Castlight Health Inc (NYSE: <a class="ticker" href="/stock/cslt#NYSE">CSLT</a>) shares tumbled 28 percent to $3.79. Castlight Health reported a Q3 loss of $0.17 per share on revenue of $19.5 million.
Shares of Intersect ENT Inc (NASDAQ: <a class="ticker" href="/stock/xent#NASDAQ">XENT</a>) were down 24 percent to $16.53 after the company reported a wider-than-expected Q3 loss.
 FireEye Inc (NASDAQ: <a class="ticker" href="/stock/feye#NASDAQ">FEYE</a>) was down, falling 23 percent to $22.55. FireEye reported a Q3 loss of $0.37 per share on revenue of $165.6 million. FBR Capital downgraded FireEye from Outperform to Market Perform and lowered the price target from $53.00 to $28.00.
Commodities
In commodity news, oil traded down 0.60 percent to $46.04, while gold traded down 0.12 percent to $1,104.90.
Silver traded down 0.42 percent Thursday to $15.00, while copper fell 2.45 percent to $2.27.
Eurozone
European shares were mostly higher today. The eurozone's STOXX 600 declined 0.23 percent, the Spanish Ibex Index rose 0.26 percent, while Italy's FTSE MIB Index gained 0.10 percent. Meanwhile, the German DAX rose 0.64 percent, and the French CAC 40 gained 0.87 percent, while U.K. shares fell 0.36 percent.
Economics
US jobless claims rose 16,000 to 276,000 in the week ended October 31, 2015. However, economists were projecting claims to reach 262,000 in the week.
U.S. nonfarm productivity increased at an annual pace of 1.6 percent in the third quarter, versus economists' expectations for a 0.2 percent decline.

COHR

FEYE

Mid-Day Market Update: HomeAway Gains On Acquisition News; FireEye Shares Drop

<ul>
<li>
		HomeAway, Inc. (NASDAQ: <a class="ticker" href="/stock/away#NASDAQ">AWAY</a>) confirmed on Wednesday it has received a buyout offer from Expedia, Inc. (NASDAQ: <a class="ticker" href="/stock/expe#NASDAQ">EXPE</a>) to acquire the entire company for $38.31 per share.</li>
<li>
		The deal would consist of $10.15 in cash and 0.2065 shares of Expedia for each share of HomeAway.</li>
<li>
		Analysts noted that other suitors could come into play.</li>
</ul>

	HomeAway has agreed to be acquired by Expedia for $38.31 per share, valuing the total deal at $5.9 billion. HomeAway investors will receive $10.15 per share and 0.2065 Expedia shares for each HomeAway share owned.

	The Boards of Directors of both companies have approved the transaction, which is expected to close in the first quarter of next year.

	Here is a summary of what some of Wall Street&#39;s top analysts are saying about the deal.
<h3>
	Pacific Crest: Potential Competing Offers</h3>

	Evan Wilson of Pacific Crest commented in a note that HomeAway is a &quot;potential strategic asset&quot; for Expedia, as well as other firms engaged in travel and lodging.

	The analyst noted that the acquisition price tag implies a 20 percent premium to HomeAway&#39;s closing price on Wednesday, which could have been different if public investors knew a 6 percent consumer fee was coming in mid-2016 and could have closed the monetization gap with Airbnb which was recently valued at $25 billion.

	Related Link: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/15/11/5963606/why-suntrusts-bob-peck-is-downgrading-homeaway">Why SunTrust&#39;s Bob Peck Is Downgrading HomeAway</a>

	Bottom line, Wilson stated that while he has no knowledge of another competing bid, the potential does exist for another player to present a competing offer.

	Shares of HomeAway remain Overweight rated with a price target raised to $40 from a previous $36.
<h3>
	Deutsche Bank: &lsquo;Home Run&#39; Potential</h3>

	Lloyd Walmsley of Deutsche Bank commented in a note that the HomeAway deal &quot;bolsters an already attractive&quot; multi-year bullish theme for Expedia.

	Walmsley offered three reasons why he would favor an acquisition: 1) a deal offers a &quot;compelling&quot; opportunity to increase take rates, 2) the price tag (14x 2017 EBITDA) does not reflect the potential &quot;wild success&quot; of the new fee model, 3) Expedia gains &quot;strategic insulation&quot; from the Airbnb risk.

	Walmsley added that under a bull case scenario, Expedia&#39;s acquisition could prove to be 7 percent (or $450 million) accretive to its EBITDA in 2018, ahead of the company&#39;s own $350 million estimate.

	In a separate note, Walmsley suggested that the price tag on the deal undervalues the optionality at HomeAway. As such, this &quot;leaves room&quot; for another bidder to emerge, although the odds of that scenario occurring are estimated at 25 percent.

	The analyst also pointed out that HomeAway&#39;s SEC Form SC14D9C said that the opportunity &quot;did come up quickly&quot; and that a more &quot;confident&quot; analysis of the traveler fee model, and/or potential cost synergies, could justify a higher price from a competing firm such as Priceline Group Inc (NASDAQ: <a class="ticker" href="/stock/pcln#NASDAQ">PCLN</a>).

Expedia Is Buying HomeAway, But Could Other Suitors Step In?

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