Companies In The News Are: MDT, BJ, SNPS, EXPE.

U.S. stock futures surged on Tuesday as business restarts and optimism about a potential coronavirus vaccine helped investors returning from a long weekend to overlook Sino-U.S. tensions. U.S. biotech group Novavax Inc jumped 21% in premarket trading as it joined the race to test coronavirus vaccine candidates on humans and enrolled its first participants.

Does the May share price for Expedia Group, Inc. (NASDAQ:EXPE) reflect what it's really worth? Today, we will estimate...

Expedia Group's (EXPE) first-quarter 2020 results reflect headwinds related to the coronavirus pandemic.

Looking into the current session, Expedia Group Inc. (NASDAQ: EXPE) shares are trading at $85.47, after a 3.20% spike. Moreover, over the past month, the stock went up by 14.22%, but in the past year, decreased by 26.38%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently higher from its 52 week low by 109.69%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Travel Services stocks, and capitalize on the lower share price observed over the year.The P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Most often, an industry will prevail in a particular phase of a business cycle, than other industries.Compared to the aggregate P/E ratio of the 12.07 in the travel services industry, Expedia has a lower P/E ratio of 0.0. Shareholders might be inclined to think that they might perform worse than its industry peers. It's also possible that the stock is undervalued.There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * Stocks That Hit 52-Week Lows On Wednesday * A Peek Into JetBlue's P/E Ratio * Stocks That Hit 52-Week Highs On Wednesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Jim Cramer shares stock market news including Apple and Tesla competing in the tech sector, Expedia optimistic about travel and the recent jobless claims.

Q1 2020 Expedia Group Inc Earnings Call

Shares of Expedia (NASDAQ: EXPE) have declined today, down by 1% as of 12:20 p.m. EDT, after the online travel booking company reported first-quarter results. Gross bookings fell 39% to $17.9 billion due to the novel coronavirus pandemic. "Like all travel companies, Expedia Group suffered a major reduction in business since the onset of COVID-19," CEO Peter Kern said in a statement.

Expedia Group Inc. shares are down 0.6% in Thursday morning trading after the company reported a wider loss than analysts were expecting. "Like its online travel peers, Expedia reported tepid 1Q numbers and articulated a 2Q outlook that likely sees things get worse before they get better," wrote Evercore ISI analyst Lee Horowitz, who downgraded Expedia's stock to in-line from outperform after the company's Wednesday afternoon earnings report. Horowitz said that the company saw a bottom in "volume degradation" in March and April and that volume for its Vrbo vacation-rental business was doing better than for hotel-oriented businesses, Expedia was also "quick to caution that dollar volume improvement is not yet meaningful as the industry recovers from a steep trough." He cut his price target to $85 from $130 in conjunction with the downgrade. Expedia shares have fallen 34% over the past three months as the S&P 500 has lost 11%

There have been whispers — mostly uninformed — that because private equity firm Silver Lake recently invested $1.2 billion in Expedia Group and $1 billion in Airbnb that the two rivals might have a merger in their future plans. Newly appointed Expedia Group CEO Peter Kern, who has private equity experience of his own as […]

Staying home has become the new norm as a result of the COVID-19 pandemic, and the accompanying restrictions have momentarily put a stop to most nonessential travel. An Expedia® poll1 of 1,500 U.S. residents, conducted between May 4 and 8, 2020, shows 60% of people have already changed or canceled their travel plans and another 70% are worried about outbreaks impacting future trips.

By Yasin Ebrahim

Facebook and Apple rose, Boeing led the Dow, as stocks reversed higher, despite heavy weekly jobless claims.

Stocks in the Nasdaq Composite (NASDAQINDEX: ^IXIC) were down slightly more than broader-based indexes, with the Composite dropping almost 1% shortly after 11:45 a.m. EDT. The Nasdaq 100 Index was similarly down by nearly 1%. Among notable stocks in the Nasdaq 100, Ross Stores (NASDAQ: ROST) saw a nice gain as investors hoped that the discount apparel retailer would be able to follow in the footsteps of one of its closest industry peers.

Travel stocks, including Expedia (NASDAQ: EXPE), Tripadvisor (NASDAQ: TRIP), Hyatt Hotels (NYSE: H), and Marriott International (NASDAQ: MAR), were climbing today on enthusiasm about a broader economic recovery and new entrants in the race toward a vaccine. At the same time, the S&P 500 was trading 1.7% higher.

Wall Street was set to surge at the open, with the S&P 500 poised to breach a major technical barrier on Tuesday as business restarts and optimism about a potential coronavirus vaccine helped investors overlook Sino-U.S. tensions. U.S. biotech group Novavax Inc jumped nearly 16% in premarket trading as it joined the race to test coronavirus vaccine candidates on humans and enrolled its first participants.

As part of its reorganization efforts, Expedia Group is winding down its multifamily building short-term rental business that it began with the 2018 acquisitions of Pillow and ApartmentJet, Skift has learned. Expedia Group bought the two companies for around $54 million, and combined them, along with some staff from its Vrbo subsidiary, to create Expedia Group […]

As stay-at-home orders begin to slowly ease around the world and across Canada , travel restrictions remain in place; though undoubtedly Canadians are dreaming about the opportunity to get away and explore again once safe to do so. Prior to the COVID-19 pandemic, Expedia's annual survey on vacation habits revealed that vacation deprivation levels in Canada are on the rise with the largest negative impacts being felt by millennial parents (76%). According to the Vacation Deprivation study, Canadians agree that the benefits of taking a vacation include a sense of rejuvenation (92%), an opportunity to hit the reset button (91%), as well as a greater sense of positivity and patience for themselves and their colleagues (78%).

The global case tally for the coronavirus that causes COVID-19 passed 5 million on Thursday after the biggest one-day increase since the start of the outbreak, as a top U.S. scientist cautioned that people should not rely on a vaccine and the labor market continued to show massive job losses.

Their five-year revenue per share growth rates outperformed the S&P; 500 index Continue reading...