Fiverr (FVRR) has been one of the most explosive stocks for us.
On February 22, we highlighted opportunity in Fiverr (FVRR) at $34. On May 11, 2020, we highlighted it again at $48.81. On May 18, 2020, we highlighted it as an opportunity again at $59.04. As of now, the stock is up to $64 in pre-market trading.
If you bought in, congratulations. We believe FVRR could rally to $75, near-term.
As for new opportunities, consider Expedia (EXPE).
At current prices, it’s become an incredible blood in the street opportunity. Plus, eventually, the travel industry will recover, allowing stocks like EXPE to push higher, as well.
Expedia, says SunTrust Robinson Humphrey “is likely to meet liquidity requirements under reasonable stress and will likely act aggressively to reduce costs.” He said the company’s cash position—including a $1.9 billion draw down on its revolving credit line that the company disclosed on Wednesday—should allow it to meet near-term liquidity needs under a “reasonable stress scenario.”
“COVID-19 has impacted travel and tourism like no other event before in history”, said UNWTO Secretary-General, Zurab Pololikashvili, as quoted by UN News. However, he also noted that tourism has a proven track record for resilience during the 2008-2009 financial crisis and the 2003 SARS outbreak - is also well-placed to lead future recovery.”
This is just one of the opportunities we find quite often inside Extreme Option Profits.
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