Looking to Invest Outside the United States? – January 25, 2023 & More Trending News

 

  • (1:00) – Is The Global Re-Opening Benefiting Greece Tourism?
  • (7:30) – Digital Nomads and Retirement Visa’s Impact on The Housing Market
  • (14:20) – The Greece Brain Drain: Is The Trend Reversing?
  • (26:05) – Greece Austerity Measures Impact On The Economy 
  • (34:45) – Advice For Investors Heading Towards Retirement  
  • 41:00) – Episode Roundup: GOOGL, MSFT, AMZN, ABNB, EXPE, BKNG
  •             Podcast@Zacks,.com

 

Welcome to Episode #345 of the Zacks Market Edge Podcast.

Every week, host and Zacks inventory strategist, Tracey Ryniec, shall be joined by friends to focus on the hottest investing subjects in shares, bonds and ETFs and the way it impacts your life.

This week, Tracey is joined by Zacks Product Manager, Harry Kougais, who was additionally the visitor on her very first present greater than 7 years in the past.

Is it Time to Invest in Greece (Again)?

Zacks Market Edge Podcast Episode #1, posted on Oct 13, 2015, was known as “Is it Time to Invest in Greece?”. Some of you may keep in mind that Greece went by means of a troublesome spherical of austerity measures after the Great Recession and was nonetheless recovering in 2015. Additionally, whereas tourism was hitting all-time highs, the drawback of over tourism was actual.

Tourist sizzling spot, Santorini, moved to restrict the variety of cruise ships it allowed in port as a few of its cities have been getting overwhelmed with day vacationers.

But the pandemic put a pause on tourism throughout Greece, and the world, for over 2 years.

What will it appear like going ahead?

Microsoft and Alphabet Make Investments

In 2015, Tracey and Harry talked about the Greek Millennial “brain drain” to different job facilities like Berlin and London, as that’s the place the jobs and alternatives have been. 

But whereas there may be nonetheless a few of that occuring in 2023, the Greek authorities is pushing for extra digital jobs. In 2023, there are world companies coming to Greece.

In 2020, Microsoft (MSFT Free Report) introduced plans to open a knowledge heart in Greece, and in Nov 2022, Alphabet (GOOGL Free Report) introduced it was additionally investing in the nation with the risk of hiring as many as 20,000 by the finish of the decade.

Microsoft has over 200,000 workers worldwide whereas Alphabet has about 187,000.

Tourism Still the Leading Industry

But tourism remains to be the main business, each on mainland Greece and the islands.

1.      Airbnb (ABNB Free Report)

Airbnb is now an enormous enterprise globally, particularly in Greece. Harry mentioned how some traders are shopping for up total buildings in, and round Athens, to put them on Airbnb.

Shares of Airbnb have plunged in the final 12 months, nevertheless. They’re down 33.6% throughout that point however they’ve rallied in the final month, including 22.1%.

Airbnb nonetheless isn’t low-cost on a ahead P/E foundation. It trades at 37.6x.

Should you be investing in Airbnb for its worldwide progress?

2.      Expedia Group, Inc. (EXPE Free Report)

Expedia has been round for a number of many years, however now that the world journey business has reopened, the on-line journey firm is again in the highlight.

Expedia shares are additionally down large in the final 12 months, falling 33.7%. And they, too, have rallied in the final month as the airways report robust bookings by means of the summer time months, a sign that persons are nonetheless keen to journey. Shares are up 33% throughout that point.

But Expedia IS really low-cost on a ahead P/E foundation, with a P/E of simply 12.6.

Should Expedia be in your brief checklist as a means to put money into world progress?

3.      Booking Holdings Inc. (BKNG Free Report)

Booking Holdings is one among the world’s largest on-line journey corporations. You can ebook Greek inns on it.

Over the final 12 months, shares of Booking are literally up, however simply 2.4%. In the final month, like Expedia and Airbnb, Booking shares have soared 22%.

Booking is costlier than Expedia, on a P/E foundation, with a ahead P/E of 20.

Is Booking preparing to escape in 2023 as world journey picks up momentum?

What Else do you Need to Know About Cashing in on Greece’s Growth?

Listen to this week’s podcast to discover out.

[In full disclosure, Tracey owns shares of MSFT, GOOGL and BKNG in her personal portfolio and EXPE in Zacks Value Investor portfolio.]

 

Looking to Invest Outside the United States? – January 25, 2023

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