This week was filled with more earnings reports headlined by some of our own companies, like Fiverr, travel companies such as Airbnb (non investment), while also seeing the divergence between Starbucks and Dutch Bros (big!).We also got jobless claims, ano while it was a single date point and one that is historically volatile, we think it could be the early sign of a cooling jobs market. This supports our view that the FED can get an all clear to cut by Q3 as economic activity moderates. Now onto the data! ...

These stocks are both profitable, but facing very different operating landscapes.While changing investor sentiment can drive steep fluctuations in the market and individual stocks, great businesses don't vanish overnight. Looking beyond share prices alone at the underlying company you plan to buy can help you separate the wheat from the chaff in your portfolio.Being selective about the types of stocks you buy while ensuring you only choose businesses that you plan to hold for a minimum of five years can hel ...

Airbnb is down on its latest report, but investors are missing the forest for the trees.Airbnb's (ABNB -0.50%) first-quarter earnings report was fresh off the press on May 8. Despite solid beats on the top and bottom lines, investors sold the stock the following day as second-quarter guidance came up short. Shares lost 7%, a significant one-day sell-off for the travel leader.Revenue increased 18% year over year to $2.14 billion last quarter, ahead of the $2.06 billion consensus, while earnings per share mor ...

Airbnb (ABNB) reported adjusted earnings of 41 cents per share for first-quarter 2024, which jumped from 18 cents per share reported in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 78.3%.Revenues of $2.14 billion increased 18% on a reported basis, as well as on an FX-neutral basis, year over year. The top line also surpassed the Zacks Consensus Estimate by 3.7%.The year-over-year increase was driven by continued strength in travel demand and the timing of the Easter holiday. Co ...

In the late 1970s, Louis Navellier – then a college student, now a senior analyst at InvestorPlace – accidentally beat the market. By running financial data through a Wells Fargo mainframe computer (an enormous privilege at the time!), he came across a model that beat the S&P 500 by a considerable margin.Since then, he’s developed his system into Portfolio Grader, a quantitative stock-picking system that has trounced the market. It’s found picks like Oracle (NYSE:ORCL) at $6… Intel (NASDAQ:INTC) at under $1 ...

The S&P 500 Information Technology Sector Index lost ground intraday Thursday, edging 0.2% lower as of 11:15 a.m. ET. The broader S&P 500 was up 0.4%, while the tech-heavy Nasdaq gained 0.2%. Weaker-than-expected guidance sent shares of vacation rental site Airbnb (ABNB) lower, while shares of Equinix (EQIX) soared after the data center real estate investment trust (REIT) beat analysts' forcasts for earnings before interest, taxes, depreciation, and amortization (EBITDA). AppLovin shares were also higher a ...

Despite first-quarter earnings and revenue beats, Airbnb Inc (NASDAQ:ABNB) stock is down 6% to trade at $148.51 after the company issued a lackluster fiscal second-quarter outlook. An earlier-than-usual Easter holiday and currency exchange rates overshadowed strong demand for international travel.The results already drew four price-target cuts and two hikes, with Deutsche Bank adjusting lower to $148 from $158. Analysts are already bearish on ABNB, with 25 of 36 firms in coverage sporting a "hold" or worse ...

Key PointsAirbnb stock is plummeting by 8.5% after reporting first-quarter 2024 earnings, an opportunity for investors to squeeze.The business fundamentals grew, with free cash flow leading into a potential multi-bagger.Wall Street analysts and markets agree that Airbnb is a winner.5 stocks we like better than BookingFirst-quarter earnings are arguably the most important reports for any stock to release, as they set the tone for the rest of the year and give investors insight into their current—and potentia ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Airbnb app icon is seen on an iPad screen on May 8, 2021, in Washington. Airbnb reports earnings on Wednesday, April 8, 2024. Credit: AP Photo/Patrick Semansky, File Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop fort its stock in after-market trading ...

Key TakeawaysAirbnb shares moved lower in extended trading on Wednesday after the short-term accommodation company's current quarter guidance overshadowed quarterly results that topped Wall Street expectations.The company said its current-quarter results face “a significant sequential headwind” from the timing of Easter, an added leap-year day in the prior quarter, and the impact of foreign exchange fluctuations.Airbnb shares find a zone of support between $141 and $148 from the 200-day moving average and p ...