SHOP, BKNG, PENN: Volatile Days Ahead For Stocks That Popped During The Height Of The Pandemic

Are there more volatile days ahead for Shopify (SHOP)? Shawn Cruz and Oliver Renick review recent earnings in e-commerce, travel, and sports betting. They discuss SHOP, as there are a lot of complications for the company as its stock is dropping. SHOP was once seen as a possible threat to Amazon (AMZN), but has fallen short of that expectation. They also talk about Booking (BKNG) as it moves to the upside. BKNG among other travel stocks, Expedia (EXPE), TripAdvisor (TRIP), and Trip.com (TCOM), are forecasting a busy summer travel season and increased international travel. Finally, they go over Penn National Gaming (PENN) which was on the downturn. Many sports betting stocks were falling such as DraftKings (DKNG), MGM Resorts (MGM), and Caesars Entertainment (CZR). Many stocks, like these, that we saw increase during the height of the pandemic have been dropping. Tune in to find out more.