Shares of Airbnb, Inc. ABNB are oversold and at a price level that was previously support. The stock also has had a huge amount of trading volume over the past few days.These three dynamics mean there's a good chance the shares are about to recover and rally. Because of this, our team of trading experts has made it our Stock of the Day.The term “oversold” refers to a stock’s momentum. Momentum measures how far a price has moved in a given period.Stocks spend most of their time within their typical or averag ...

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. That’s an average of 0.60% per day over the 14 days.   I saw an article from late July about Alphabet (NASDAQ:GOOG, GOOGL) stock falling 5% in a day. The article tried to explain why the stock fell. The reality is that the recent market correction has made even ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Airbnb. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

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. Chipmaker Nvidia (NASDAQ:NVDA) lost $168 billion in market capitalization as its stock fell 6.4%, while Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) ended down 4.8% and 4.1% respectively on the day. As you can see, market volatility is impacting even the biggest names, helping identify the t ...

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. Both metrics reached their highest level since the pandemic. Moreover, the unemployment rate increased to 4.3% in July ve ...

Joe Raedle/Getty Images NewsAirbnb Investors Shouldn't Have Ignored Overvaluation Risks Airbnb, Inc. (NASDAQ:ABNB) investors who ignored its potential overvaluation risks suffered a moment of reckoning this week as Airbnb's Q2 earnings release disappointed. I had already cautioned ABNB investors in March 2024 not to throw caution to the wind. I indicated potentially slowing growth and margin-dilutive growth investments as the company seeks to expand beyond its core market and geographical segments. Coup ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Airbnb (ABNB) reported adjusted earnings of 86 cents per share for second-quarter 2024, which declined 12.2% year over year. The bottom line missed the Zacks Consensus Estimate by 6.5%.Revenues of $2.75 billion increased 11% on a reported basis, as well as on an FX-neutral basis, year over year. The top line lagged the Zacks Consensus Estimate by 0.1%.The year-over-year increase was driven by driven by the growth of nights stayed on the platform. Continuous improvement in the Nights and Experiences Booked m ...

Airbnb Inc ABNB shares tanked in early trading on Wednesday, after the company reported downbeat second-quarter earnings.The results came amid an exciting earnings season. Here are some key analyst takeaways. Check out other analyst stock ratings.JPMorgan: Airbnb's second-quarter results came broadly in-line with expectations, Anmuth said in a note. He added, however, that growth investments began weighing on margins and the company's adjusted EBITDA margins contracted by around 50 basis points (bps) year-o ...

Key TakeawaysAirbnb shares tumbled Wednesday, a day after warning about slowing U.S. demand in its second-quarter earnings report.Airbnb said it expects a "sequential moderation" in year-over-year booking growth.The vacation rental provider also missed quarterly profit estimates. Airbnb (ABNB) shares sank Wednesday, a day after the vacation rental firm missed second-quarter profit forecasts and warned about slowing demand in the U.S. The company posted earnings per share (EPS) of $0.86, $0.06 below the aver ...