FNV:CC - MoneyShow's Best Investment Ideas For 2024: Part 5

2024-01-31 09:30:00 ET

Summary

• MoneyShow presents top investment ideas for 2024 from their contributors.
• This year’s edition presents a broad mix of conservative income stocks, more speculative but potentially more rewarding growth stocks, as well as ETF recommendations that target commodities, cryptocurrencies, and fixed income.
• Part 5 of this series includes Expedia, Franco-Nevada, Grayscale Bitcoin Trust, Grayscale Ethereum Trust and Intercontinental Exchange, among others.

MoneyShow’s top contributing analysts, strategists, and newsletter editors share their investment recommendations for the year ahead. See Part 4 here .

Expedia

By Mike Cintolo, Editor of Cabot Growth Investor

Logic is often overrated in the stock market, which looks ahead and moves up and down at least as much because of psychology and investor perception as cold, hard facts. Expedia Group ( EXPE ) is a good example of that.

The firm is one of (if not the) largest travel firms out there, operating many popular sites (including Expedia.com, Hotels.com, VRBO, Orbitz, Travelocity and many others). Anyone who has traveled at all in the past couple of years knows it’s been boom times, with flights and hotels full (and prices up).

Indeed, Expedia’s bottom line has recovered in a big way since the pandemic and should notch a new high near $8.50 per share soon. Free cash flow should come in even larger, likely around $15 per share for 2023....

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