Recent volatility in the stock markets has allowed investors to buy discounted quality stocks you couldn't find earlier in 2024. For example, the S&P 500 lost 8.5% from its 52-week high of 5,669.67 in mid-July to its Aug. 5 closing price of 5,186.33.
Airbnb is becoming the go-to destination for travelers worldwide.
The trade in technology stocks is getting more difficult. The mega-cap tech names known collectively as the “Magnificent Seven” lost a combined $1 trillion of value amid the global market rout that occurred on August 5.
After enduring a long period of high inflation and elevated interest rates, many U.S. consumers are feeling some pain, multiple data points strongly suggest. According to Axios, credit card delinquency rates rose 1.8 percentage points versus this time last year to 7.2%, and 8% of auto loans were delinquent at the end of Q2, representing a year-over-year increase of 0.7 percentage points.
Airbnb investors who ignored overvaluation risks were hammered. Airbnb's growth story is showing cracks, but there are no real reasons to sell in a panic. Airbnb's growth inflection could take longer than expected. However, it's also not standing still. I will explain why.
Airbnb Inc ABNB is facing a rough patch as it nears a Death Cross, a bearish technical signal that has traders concerned. Following a disappointing earnings report, Airbnb's stock has been on a downward spiral, raising questions about its immediate future.
Walt Disney and Airbnb reports suggest consumer are pulling back on big-ticket items but there are still companies winning on value.
Is the Airbnb thesis broken or is the market overreacting?
Analysts at Wedbush continue to see long-term growth potential for Airbnb Inc (NASDAQ:ABNB, ETR:6Z1) amid the emergence of negative travel data points and as the alternative accommodation provider issued a cautious outlook for the third quarter. Shares of Airbnb tumbled almost 15% at $111 on Wednesday as its Q3 revenue guidance missed Street estimates and warned it was seeing some signs of slowing demand in the US.
Airbnb Inc. was among the S&P 500's worst performers on Wednesday and was on track for its biggest percentage drop on record after the vacation-rental platform a day earlier said it saw “some signs of slowing demand from U.S. guests” and “shorter booking lead times.”
Airbnb's (ABNB) second-quarter 2024 results benefit from continuous improvement in Nights and Experiences Booked and growing GBV.
Airbnb Inc ABNB shares tanked in early trading on Wednesday, after the company reported downbeat second-quarter earnings.