5 Best Summer Stocks To Buy Now

In this article, we discuss 5 best summer stocks to buy. If you want to read our detailed discussion on the seasonal impact on the stock market, head over to 12 Best Summer Stocks To Buy Now.

5. Expedia Group, Inc. (NASDAQ:EXPE)

Number of Hedge Fund Holders: 62

Expedia Group, Inc. (NASDAQ:EXPE) is an online travel company that owns multiple domains such as Hotels.com, CarRentals.com, and CheapTickets. It also sells loyalty programs and offers competitive travel packages. On August 3, Expedia Group, Inc. (NASDAQ:EXPE) reported a Q2 non-GAAP EPS of $2.89, beating Wall Street estimates by $0.53. The revenue of $3.36 billion, however, missed analysts’ expectations by $10 million. Expedia Group, Inc. (NASDAQ:EXPE) is one of the best summer stocks to monitor as leisure travel increases. 

According to Insider Monkey’s first quarter database, 62 hedge funds held a bullish position in Expedia Group, Inc. (NASDAQ:EXPE), as opposed to 65 in the previous quarter. Paul Reeder and Edward Shapiro’s PAR Capital Management held the largest position in the company, with over 3.5 million shares worth $339 million. 

Aristotle Atlantic Core Equity Strategy had this to say aboutExpedia Group, Inc. (NASDAQ:EXPE) in its first quarter 2023 investor letter:

“Expedia Group, Inc. (NASDAQ:EXPE) provides online travel services for leisure and small business travelers. The company offers a wide range of travel shopping and reservation services, as well as provides real-time access to schedule, pricing and availability information for airlines, hotels and car rental companies. Expedia serves customers worldwide.

We see Expedia benefiting from the growth of booking travel online, both for leisure and in corporate travel. The company also benefits from rapid growth in alternative accommodations, vacation home rental, through VRBO. The main sources of revenue and profitability are from hotel and vacation home rental. Additionally Expedia has exposure to airline ticket sales and automobile rentals. Post the COVID-19 pandemic, Expedia’s debt has been reduced and share repurchase has resumed and we would expect a dividend to be reinstated.”