Podcast – Booking.com Preview | ASX Snaps Losing Streak

15 March 2019

Global markets were mixed overnight as US stocks flipped between gains and losses as uncertainty over when a trade deal between the United States and China would be reached clouded sentiment.

Some of our subscribers may already know that Jeremy from runs a stock market podcast. Listen to his latest episode “Booking.com – Profile of an Industry Leader” by clicking here

Or by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts.


Stock in Focus: Booking Holdings (BKNG:Nasdaq)

As a preview to us launching research coverage on Booking.com, you can listen to the podcast above which discusses why we think they are a phenomenal company that not only has a wonderful track record but also an extremely bright future.  Booking Holdings trades on the NASDAQ under the ticker code BKNG.  

The fundamentals and product are easy to understand, they are loved by their customers, they have excellent economics and fantastic prospects.  We believe that the shares are undervalued and the market capitalisation should be around $100 billion (with the company currently trading at a $79 billion valuation).  

We are currently preparing a full initiation of coverage report on BKNG to be released later this month.



Australia & New Zealand Market Movers

The Australian share market was higher on Thursday (ASX 200 index +0.30%) as the ASX rallied late to end a four-day losing streak with the market digesting the latest Brexit vote results and Chinese economic data. A vote in British parliament to rule out a 'no deal' Brexit failed to give the market much confidence while the latest Chinese data continued to be uninspiring.

Major miners led the market gains as base metal and iron ore prices climbed, with BHP, Rio Tinto and Fortescue up. Smaller miners were among the market's best performers, as Lynas Corp climbed 7%. Kogan shares advanced 8% after it announced the launch of Kogan Marketplace. The platform allows retailers to sell their products directly through the Kogan website and is set to rival Amazon's Marketplace, which is responsible for 50% of the company's revenue.

The New Zealand market rallied yesterday (NZX 50 index +0.51%) in heavy trading with Spark New Zealand (which traded without its dividend rights yesterday) and Contact Energy attracting some big placements from large investors repositioning their portfolios. Fisher & Paykel Healthcare rose as the breathing mask maker noted US fund manager BlackRock as a substantial shareholder with a 5 percent stake. Air New Zealand fell after shedding rights to an 11 cent dividend.


3 Things Markets Will be Watching this Week

  1. Important US consumer inflation figures are published on Wednesday.
  2. US Federal Reserve Chairman Powell makes a speech on Tuesday.
  3. China will release retail sales, industrial production and fixed-asset investment reports on Thursday.


Have a Great Day,


A preview to us launching research coverage on Booking.com

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