Frances Stacy considers Expedia's (EXPE) earnings very strong in the current economic environment. She and many other investors were surprised to see the company beat Airbnb (ABNB) and Booking (BKNG) in room reservations. With travel spending appearing to remain robust, Frances is confident that a "reckoning" in discretionary spending will not happen in the near-term. Tom White offers an example options trade for Expedia.

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