A stock market correction offers the opportunity to buy shares at a discount. However, these same corrections can expose companies with high valuations and limited upside potential. The dynamics for investments often change. Stocks that were reliable picks a few years ago may have lost their charm due to weakening financials or a less optimistic outlook.Some stocks can withstand corrections and charge back up to their all-time highs once market conditions improve. However, these three stocks look unfavorabl ...

Key PointsAirbnb's chart shows heavy-volume upside momentum, sending the stock into a buy zone.The catalyst for the surge was a cross-currency fee increase as Airbnb's international business grows rapidly.Analysts forecast $11 billion in revenue this year, an increase above what's expected for 2023, which the company reports in February.5 stocks we like better than AirbnbAirbnb Inc. NASDAQ: ABNB is in a buy range out of a sloppy consolidation that began on July 31.The Airbnb chart shows the stock’ heavy-vol ...

Airbnb will add about 2% to its guest service fees when guests pay with a currency different from the one set by the host in their listing.This additional amount for cross-currency bookings will be added to guest service fees, beginning April 1, the online marketplace for lodging said in an “Airbnb service fees” article on its website.While most guest service fees are under 14.2% of the booking subtotal, those that include the additional amount for cross-currency bookings can be up to 16.5% of the booking s ...

Shares of short-term rental platform Airbnb (ABNB 5.29%) popped today. Shares were modestly up until around 2 p.m. ET, when the pop became more pronounced. The timing of this pop coincides with a report regarding a new fee that the company is rolling out. And that's likely why Airbnb stock was up about 6% as of 3 p.m. ET.Another fee for Airbnb?A report from Bloomberg points out that Airbnb intends to charge a new service fee to guests starting on April 1. This will be about a 2% extra fee for cross-border b ...

The gig economy is still going strong in 2024. It’s also growing three times faster than the U.S. workforce as a whole, which is pretty cool. In the U.S., this means that by 2027, more than half of the people who work will have gig economy jobs. The fast rise makes it easier for job workers to find work and for businesses to find good people. One problem with this growth is that it comes with some risks. The growth of gig work in different fields creates new possibilities and major problems. As a result, wh ...

Airbnb, Inc. (ABNB) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned +3.4%, compared to the Zacks S&P 500 composite's +2.5% change. During this period, the Zacks Internet - Content industry, which Airbnb, Inc. falls in, has gained 1.2%. The key question now is: What could be the stock's future direction?Altho ...

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: Airbnb co-founder and CEO Brian Chesky unveils Airbnb's 2023 Winter Release on Nov. 7, 2023, in New York. Airbnb on Tuesday, Jan. 23, 2024, donated a total of $10 million to more than 120 nonprofits in 44 countries on six continents, as the rental giant continued its unusual distribution of $100 million through its Airbnb Commun ...

Company Performance - Airbnb, Inc. (ABNB) closed at $142.01, reflecting a +1.49% increase from the previous day, outperforming the S&P 500's gain of 0.22% [1] - Over the past month, shares of Airbnb, Inc. have decreased by 0.62%, underperforming the Computer and Technology sector's gain of 3.64% and the S&P 500's gain of 1.61% [1] - The upcoming earnings report is anticipated to show an EPS of $0.69, representing a 43.75% growth year-over-year, with revenue expected to reach $2.16 billion, indicating a 13.46% increase from the same quarter last year [1] Analyst Forecasts - Recent revisions to analyst forecasts for Airbnb, Inc. are crucial as they reflect changing business trends, with positive revisions indicating optimism about the company's outlook [2] - The Zacks Consensus EPS estimate has increased by 0.09% in the past month, and Airbnb, Inc. currently holds a Zacks Rank of 4 (Sell) [2] Valuation Metrics - Airbnb, Inc. has a Forward P/E ratio of 32.06, significantly higher than the industry average of 14.53, indicating that the company is trading at a premium [3] - The company has a PEG ratio of 2.08, compared to the Internet - Content industry's average PEG ratio of 0.98, suggesting a higher valuation relative to expected earnings growth [3] Industry Context - The Internet - Content industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 200, placing it in the bottom 21% of over 250 industries [3] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the competitive landscape [4]

The S&P 500 has some of the best stocks and biggest names that are worth adding to your portfolio. 2024 has begun on an optimistic note and we could see several stocks hitting new highs this year. Many of these are mega-cap stocks – analysts love them and they have shown steady growth and revenue. With the economy improving, we could expect rate cuts soon and this will help the companies achieve stronger growth. Even the upcoming fourth-quarter earnings could give a boost to these undervalued S&P 500 stocks ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Airbnb, Inc. (ABNB) , which belongs to the Zacks Internet - Content industry.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 21.09%, on average, in the last two quarters.For the most recent quarter, Airbnb, Inc. Was expected to post earnings of $2.08 per shar ...