Last Friday, Expedia (EXPE) jumped by 17.27% to close at over $200. The travel services firm posted strong bookings.
Expedia’s total gross bookings increased by 13% Y/Y to $24.4 billion. Adjusted EBITDA increased by 21% Y/Y. Thanks to positive free cash flow in the quarter, Expedia said it would reinstate its dividend.
Gaming developer Take-Two Interactive Software (TTWO) added 14% on February 7. The company reaffirmed the launch date of Grand Theft Auto VI for the fall of this year. For the year, Take-Two expects net bookings of $5.55 billion to $5.65 billion.
Monolithic Power Systems (MPWR) closed at $720.25 last week. In Q4, its revenue grew by 36.9% Y/Y to $621.67 million. After hiking its dividend by 25% to $1.56 per share, MPWR stock gained 8.98% last Friday.
Losing Stocks
Marvell Technology (MRVL) gave up recent gains after dropping by 7.23% on Feb. 8. Its prospects rely on customers continuing to spend heavily on hardware products that support artificial intelligence.
Ulta Beauty (ULTA) closed below $400, in sympathy to Elf Beauty’s (ELF) nearly 25% drop last week.
Air Products and Chemicals (APD) hovered down near the $300 support line. In Q1, EPS of $2.86 beat expectations. Despite the LNG business divestment hurting results, business in the Americas remained strong.
APD warned that China’s market is still a challenge. The country does not show material improvement.