Both these companies are online travel sites. They are basically in the same business. What I find really odd is the price action before the earnings. TRIP pulled back and consolidated as if investors were a little worried about earnings. EXPE ran up as if investors were all excited about good earnings. The exact opposite happened.
Earnings disappointments are getting punished much more then we have seen in recent years. I have seen quite a few beat up stocks this time. I believe this indicates swing traders need to be cautious holding stocks through earnings. The chart does not always tell the tale. EXPE did not show any warning that such a severe shock was coming that I can see in the chart.
Bob
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