Stock Movers Affirm Falls on Results, Expedia Cuts Outlook, Tesla Leads Mag 7
May 9, 2025
Affirm's shares tumbled 14% after mixed earnings results raised red flags among analysts. Meanwhile, Expedia slashed its full-year outlook due to disappointing travel demand, adjusting its growth predictions downwards. The episode also examines the generational divide in travel booking preferences, with older users favoring Expedia and younger ones opting for Airbnb. Lastly, Tesla leads the Magnificent Seven stocks amid cautious investor sentiment, influenced by trade talks and Elon Musk’s impact on brand perception.
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Affirm's Mixed Earnings Impact
- Affirm Holdings reported mostly positive earnings but shares dropped 13% due to high expectations and cautious guidance.
- Mixed consumer spending led to conservative revenue outlook despite actual growth estimates rising.
Expedia Cuts 2025 Growth Forecast
- Expedia cut its 2025 gross bookings growth forecast from 4-6% to 2-4% amid weaker U.S. travel demand and macro uncertainty.
- U.S. exposure made Expedia vulnerable compared to competitors focusing on international markets.
Generational Travel Booking Habits
- The podcast hosts share a generational anecdote: older people tend to use Expedia, while younger ones prefer other travel booking apps.
- Example highlights shifting consumer preferences by age group in travel bookings.