Inflation has caused households to get squeezed on every front. Vacations are a luxury not a necessity. Consumer is tapped out! $6 a gallon gasoline here in CA. Inflation . Higher interest rates. Rising wages. Labor force shortages. Consumers being squeezed on every front. Something has to give! Same as GAP, NFLX and AMZN evidenced the consumer is cutting back. ABNB is not impervious to the headwinds of the entire economy, they are in the eye of the storm. I say they cannot guide higher. vacations will become fewer when households have to tighten their purse strings in the upcoming recession/ depression.
Nota
I was anticipating a run up into earnings. EXPE reported today after the close and supposedly beat, the stock is up a whopping $3 AH, unsure how they could guide up or maybe I am one quarter too early. I would expect a relief rally after the fed hike this week, so, I will not be participating in this trade for the aforementioned reasons.
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