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-- -- -- Priceline for a second because that has been a stock technology proforma here is Sean Bell on -- with money morning.
He joins us from Miami -- always like that delightful background that we have that would shock -- Now why is it's why is it that that so much money has gone into Priceline stock I don't get it tell me.
Well it's a well run company I think the space that there in Stewart is fabulous.
They -- their earnings 35%.
Over the last and that 20114.
Fiscal quarter -- 2000 intent.
So their revenues are increasing -- that is increasing their margins are on closed about 25%.
It's extremely -- -- I've run company integrate spaces and there's no reason not to love the stock in the largest Gannett company in -- -- On the Internet so it's it's that leader is it.
Possible that high gas prices and rising airline ticket prices on driving people towards the discount travel section.
That full price slide in that area does very well is is that a factor here.
Definitely absolutely as as gas becomes more of an issue an -- fort ought to think gas is.
It's that the represented talking point at five dollars is going to be a tipping point -- that may influence.
Priceline stock to some degree but at this point at this juncture with the market's doing what they -- terms of gas and the price of -- travel.
It's only gonna benefit -- from the for the foreseeable future.
Time I've got a -- our attention back to Greece and I'm shocked that I have to do this because the couple of years now.
-- we've appeared with you and we said don't tell -- Greece is killing us all over again and yet today I hear that's exactly why stocks -- down gold is down oil is down.
A -- is that why are we getting your trashed again -- I think it's always gonna be in the periphery until there is some final resolution and there isn't going to be one so it's going to be with us for a long time -- About the Greek cut the country has elections coming up in April and having those look at happened and they could actually just push the entire prospect of fixing what's gone on out the window and we'll be back at square one.
I guess this is really all about the dollar isn't it.
Trouble in Europe means the Euro goes down means the dollar goes all means -- stocks go down -- gold goes down our oil goes out is that the mechanics of it really.
Right now it -- because the dollar has actually been driving a lot of overseas earnings as companies who making money overseas translate those earnings back into US dollars.
With the weaker dollar -- earnings look a lot better but the dollar starts to rise that whole dynamic changes and overseas earnings are as important or there are always important but aren't as.
Robust as are going to be in dollar average term so that's -- problem it's also gonna weigh on commodity prices which have also been speculated on -- that's going to.
-- some a damper on markets tipped.
All right -- a -- telling it how it is and simplifying it -- and we appreciate that thanks so much John good to see again.
Just thank you start.
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