Travel Stocks Lower With Recovery Already Priced In: EXPE, ABNB, BKNG
b'Expedia (EXPE) stock price today was down over 6% and hit a 52-week low. "The recovery of the travel stocks is already priced into the prices. Investors are now questioning whether a recession or higher inflation will happen," says Jed Kelly. Oppenheimer has a market perform rating for the EXPE, ABNB, and TRIP stocks. Can Expedia\'s CEO, Peter Kern, execute a strategy in a competitive environment? Also, Oppenheimer has an outperform rating for the Booking (BKNG) stock. "Will Airbnb (ABNB) have enough supply to fulfill the demand? The app changes are trying to mitigate this," Kelly adds.'