Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Pacific Crest Cuts Priceline Target to $687 from $885

Details

  • Description

    FBN's Robert Gray on stocks impacting the afternoon markets.

  • Duration 1:08
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Fact you.

It is exactly noon right now top of the hour -- not every fifteen minutes Robert praise on the floor of the New York Stock Exchange more than 100 -- Are creeping even -- a little bit higher for a fourth day but there's still a lot of jitters up there yeah.

Clearly vaulting over that wall of worry today I -- are seeing stocks are moving higher despite a lot of bearish news out over night.

Modest gains pretty much across the board but certainly not.

In the travel sector wasting a lot of these macro concerns about the global economy being played out Priceline disappointing investors revenue was light part of that.

The stronger dollar that we saw in the last quarter and the dollar and continuing to be stronger than many had modeled into their plans throughout the year Priceline included plus the -- they've seen in Europe.

A lot of their bookings the majority of but he's coming from overseas pages line and the US business slow their forecast lower than anticipated that is seeing the stock down.

Some -- hundred dollars and changes and a hundred bucks in change for price -- Look at some of the other losers in the travel sector as well in fact the three worst performers in the S&P 500.

All out of this group today -- also disappointing with its earnings and forecast Carol back -- -- Aren't Robert -- we'll -- of course and fourteen minutes from now.

Load More