NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Have you ever wondered what it would be like to live in a pocket-sized world? Well, Airbnb's new 'tiny but mighty' icon offers a unique chance to experience just that. In honor of Polly Pocket's 35th anniversary, guests can stay in Polly’s vintage-themed, two-story Slumber Party Fun compact in Littleton, Massachusetts. Recently, Ali Killam, Channel Communications Lead at Airbnb, conducted a satellite media tour in conjunction with D S Simon Media to share the best ...

The stock is 32% off its one-year high after an earnings disappointment.Recent economic data contains mixed messages, causing turbulence in the markets. Much of this centers on the health of the American consumer, who drives the U.S. economy.First, the unemployment rate increased from 4.1% in June to 4.3% in July, causing many prognosticators to discuss a potential recession. The market dipped as a result. Next, data came out that unemployment claims actually fell, indicating a more resilient jobs market.As ...

No one enjoys being caught in a downdraft. However, it’s also worth pointing out an obvious reality: you don’t actually absorb a loss until you close your position. Now, I want to be careful when saying that because in many cases, it’s better to cut your losses. However, certain robust enterprises with solid business models should be able to recover. And that’s the theme behind stocks to buy after the selloff.Around the middle of last month, the market finally began demonstrating conspicuous signs of weakne ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDuane Brown jets off to international destinations seven ...

Klaus Vedfelt Just three months ago in early May of this year, Airbnb, Inc. (NASDAQ:ABNB) shares fell sharply following the release of Q1 2024 results. For many investors, this seemed like a good time to buy the dip and increase exposure to what seemed to be an attractive long-term growth story. To more prudent investors, however, the first quarter was a major red flag and even though the stock fell sharply following the report, it was clear that rushing to buy the stock was highly likely to be a mistak ...

Group 1: S&P 500 Overview - The S&P 500 provides exposure to 500 corporations across multiple sectors, allowing for risk diversification [1] - The long-term average annualized return for the S&P 500 is 10.32%, but nearly 200 companies are currently underperforming [1] - Investing in underperforming S&P 500 stocks has led to significant losses and missed opportunities in high-performing sectors like AI [1] Group 2: Nike (NKE) - Nike's stock has declined by 9% over the past five years and has a 30% year-to-date loss, losing market share to smaller competitors [2] - The company reported a 2% year-over-year revenue decline in Q4 of fiscal 2024, with only a 1% increase in revenue for the entire fiscal year [2][3] - CEO John Donahoe acknowledged challenges, with North American and European sales dropping year-over-year, while China sales increased by 3% [3] Group 3: Disney (DIS) - Disney's stock has decreased by 4% year-to-date and 37% over the past five years, with stagnant performance over the last decade [5] - Revenue grew by 4% year-over-year in Q3 of fiscal 2024, but the company's 33 P/E ratio appears excessive [5][6] - Disney Parks have been a revenue driver, but performance is slowing, and the value proposition is less appealing compared to cheaper alternatives [6] Group 4: Airbnb (ABNB) - Airbnb's stock has a 14% year-to-date loss, with rising prices making it more expensive than many hotels [7] - Revenue grew by 11% year-over-year in Q2, but net income dropped by 15% year-over-year, indicating potential challenges ahead [7] - The company faces competition from hotels and motels as consumers seek more affordable travel options [7]

Wall Street loves to complicate situations and throw in a lot of lingo, which is just what happened last week when the S&P 500 sold off and carried down many other stock market indexes across the globe. The response to this price action? The so-called “Carry Trade” between the United States Dollar and the Japanese Yen is what investors have used as a soundbite to repeat when asked about the stock market lately.It’s more complicated than that, and it has everything to do with where the Federal Reserve (the F ...

Klaus Vedfelt Investment Thesis Airbnb (NASDAQ:NASDAQ:ABNB) saw its stock plummet by over 13% following mixed 2Q FY2024 earnings results and a disappointing 3Q revenue outlook. The company reported a slowdown in bookings growth due to a weakening consumer spending environment, coinciding with higher unemployment rates and lower PMI data, which triggered a significant broad-based market selloff. In my last coverage (buy rating) I highlighted that ABNB operates a cyclical business. The growth slowdown can ...

Core Viewpoint - Airbnb's stock experienced a significant decline of 17% in after-hours trading following its second-quarter earnings report, reflecting challenges in the travel industry and potential buying opportunities for investors [1][2]. Financial Performance - Airbnb reported an 11% revenue growth to $2.75 billion, marking its slowest growth in at least two years, although it slightly exceeded estimates [2]. - Adjusted EBITDA rose 9% to $894 million, while net income decreased due to higher income taxes, increased stock-based compensation, and elevated sales and marketing expenses [2]. - On a GAAP basis, earnings per share fell from $0.98 to $0.86, missing estimates of $0.91 [2]. Market Trends - Management indicated that booking lead times are shortening, suggesting tighter budgets and more selective travel behavior among consumers [3]. - There is a noted slowdown in demand within the U.S. market, contributing to the stock's decline [3]. Future Guidance - For the third quarter, management projected revenue growth of 8% to 10%, estimating between $3.67 billion and $3.73 billion, which is below the $3.84 billion estimate [3]. - The company anticipates flat EBITDA growth due to ongoing marketing investments [3]. Valuation Metrics - Following the after-hours sell-off, Airbnb's market capitalization is expected to drop to $70 billion, with a trailing free cash flow of $4.3 billion, resulting in a free cash flow multiple of 16 [4]. - The EBITDA of $3.9 billion gives an EBITDA multiple of 18, indicating a favorable valuation for a company with significant growth potential [4]. Growth Opportunities - Airbnb aims to increase market penetration in countries like Japan, Spain, and Italy, aligning them with more mature markets such as the U.S., U.K., France, Canada, and Australia [5]. - CEO Brian Chesky plans to expand into new verticals, including long-term stays and guest services, with new products expected to launch in 2025 [5]. Investment Thesis - Despite the recent stock pullback, Airbnb's competitive strengths and growth opportunities remain robust, with a favorable free cash flow multiple of 16 making it an attractive investment [6].

Both recently made acquisitions that should serve them well in the long run.There are all sorts of short-lived trends that make some companies money but turn out to be fads that aren't worth investors' hard-earned money, at least not those with a long-term mindset. Corporations that can deliver strong returns over the long run tend to be leaders in industries that won't decline in prominence or disappear anytime soon. That describes Fiverr (FVRR 1.12%) and Airbnb (ABNB 0.38%) well. Though these two stocks h ...