It’s been an especially volatile week for the market. Both the S&P 500 and Dow had dropped more than 3.5% by the time the market closed on Friday. Analysts are calling it the worst week since August. Then we saw a nice reversal on Monday, despite the tragic events in Paris over the weekend.
Given the extreme volatility in the stock market, I’m moving forward with caution at this point. However, I do see several stocks that show great potential for growth, including today’s recommendation.
Expedia, Inc. (EXPE) is an online travel company that helps consumers find the best available deals on flights, hotels, rental cars and more. The company boasts more than 200 travel booking sites in more than 70 countries. It also has more than 150 mobile websites in about 70 countries and in 35 languages. So it’s no surprise Expedia reported $15.4 billion in the value of gross bookings on its sites during the third quarter, a 21% year-over-year increase.
EXPE shares have a 52-week range of $76.34—$140.51 and a market cap of $15.9 billion. Over the past few months, Expedia has experienced an increase in average daily trading volume and in share prices, which makes them a strong buy. The stock has also outperformed its Industry (Lodging) and Sector (Consumer Discretionary) and consistently report above-average performance.
Though this stock has seen some volatility in recent weeks, its general trend is very positive. In fact, recent dips in the market could make Expedia a particularly profitable buy for you right now.
The Turner Analytics database ranks Expedia as a strong buy. The stock has a fundamental score of 73 out of 100, and its technical score is 86 out of 100—both very good ratings. You can see in the graph above that Expedia shares have been gaining momentum for a while. The data indicates that this will continue into the future.
I recommend entering EXPE at $123.30 or better and setting your stop at $109.10. My near-term target is $144.44.
Mike Turner and his team of software engineers developed Turner Analytics, a sophisticated software market and trade-timing system that provides unbiased, quantifiable recommendations on thousands of equities and rates, ranks and scores these equities from best to worst in an easy-to-use on-line tool for individual investors. He is also the editor of Signal Investor.
Most recently, Mike launched Quick Hit Trader. This trading service is based on weekly analysis of the 6,000+ stocks and ETFs in his proprietary Turner Analytics computer stock-rating system. Every Monday before the market open, Mike emails subscribers his three best trades for the week, including the buy, sell and target price.
