Jeff Kilburg Sees This Travel Stock Move Higher Amid Rise In Demand

On CNBC’s "Trading Nation," Sanctuary Wealth’s Jeff Kilburg said he prefers, Expedia Group, Inc. EXPE, the leader in international travel, as a trade.

With the U.S. all set to lift COVID-19 travel restrictions for fully vaccinated international tourists on Nov. 8 after restrictions for 21 months, Kilburg is optimistic that the stock will move higher following rise in demand.

Expedia Group reported better-than-expected results for the third quarter after the closing bell on Thursday.

Why Delta's CEO Is Optimistic About Leisure, Business Travel: 'There's Enormous Pent-Up Demand'

"Trading Nation" host Seema Mody said a sharp recovery in travel bookings also helped Booking Holdings Inc. BKNG shares record gains on Thursday. The company’s CEO said although higher prices might not discourage travelers amid the holiday season, a full rebound is still far away.

Price Action: Expedia shares dropped 2.9% to close at $2,437.01 on Thursday, but surged by 12% in after-hours trading following the release of quarterly results.

Booking shares rose 0.1% to settle at $2,437.01 on Thursday.

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Posted In: Long IdeasNewsTravelMarketsMediaTrading IdeasGeneralBCJeff KilburgSeema ModyTrading Nation
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