AirB n' Bust

How ABNB stock rates after a rough week. Published By Money & Markets, LLC. August 09, 2024 Published By Money & Markets, LLC. August 09, 2024 [Turn Your Images On] [Turn Your Images On] From The Desk of Chad Stone Managing Editor, [Money & Markets Daily]( AirB n' Bust: How ABNB Stock Rates After a Rough Week Money & Markets Daily, I have a love/hate relationship with Airbnb. On the one hand, it can be an exciting alternative to boring old chain hotels. I love browsing the site for unique vacation spots whenever I’m planning a trip. Heck, even my honeymoon on Vancouver Island back in 2017 would have looked a lot different — and cost a pretty penny more — without Airbnb. [Turn Your Images On] This Pacific Ocean view in Ucluelet, British Columbia, was way cheaper than you think… With amazing views and a fully stocked espresso bar in our kitchen, it was hard to pack up and head back home after that week. But these days, finding the right spot has started feeling like more work than it's worth. Many properties now come with a long list of rules and inflated cleaning fees. Some hosts even expect you to throw your linens in the washing machine or take all your trash out to the street. Hello? I'm on vacation! Those are the exact chores I'm running away from at home! As a result, travelers are now broadening their horizons — and expanding their search to new platforms like Vrbo. Some are even returning to the comfortable familiarity of chain hotels, which have really upped their game lately. And with Airbnb Inc. (Nasdaq: ABNB) now facing an increasingly competitive marketplace, it’s a good time to check in on the stock’s Green Zone Power Ratings. --------------------------------------------------------------- [Turn Your Images On]( [Adam O’Dell Just Made a Stunning 35X Discovery]( After months of extensive research, analysis and backtesting a decade and a half of market data, Adam O’Dell created a whole new way to target stocks with the biggest profit potential. Now Adam is revealing this breakthrough … giving folks a chance to grow their profits and multiply their wealth month after month. But this is your last chance before we close this offer at midnight tonight. [Click here for full details.]( --------------------------------------------------------------- From Bad to Worse This Week for ABNB On Tuesday, Airbnb reported earnings. Revenue came in at $2.75 billion for the second quarter, 11% higher year over year. But the company missed on earnings per share estimates: 86 cents vs. 92 cents. What may be most telling is a warning in the company's guidance. It reported "shorter booking lead times globally and some signs of slowing demand from U.S. guests." Adam O'Dell has mentioned to his paid-up subscribers this week that the consumer discretionary sector is a laggard in the market, and Airbnb's reporting backs that up. I know I'm definitely being more considerate about each purchase I make now. All told, the less-than-stellar report triggered an aftermarket sell-off for ABNB. Shares dropped as much as 15%, its worst day since 2022. But that didn't stop Airbnb's CEO from hitting up his Twitter (sorry … "X") mentions, responding to a comment about its earnings with a since-deleted comment: "I'm confident it's a good time to buy." Are you sure about that? Maybe there are better ways to spend investors' money than building life-size [Polly Pocket rooms.]( Here's what Green Zone Power Ratings says: [Turn Your Images On] It looks like Adam's system was ahead of the game, as ABNB rates a "Bearish" 35 out of 100 in his system. These stocks are expected to underperform the broader market over the next 12 months. I mentioned its solid revenue growth above, and that's helped boost its Growth rating to 97. But that's paired with poor ratings on Value, Size and Volatility. You're paying a premium for growth, but the stock isn't paying you back with positive price action. Its 39 rating on Momentum is proof of that. Zooming out, ABNB is down 24% over the last month and 14% year to date. The broader S&P 500 is up 12% in 2024, and that's taking the recent (and brutal) sell-off into account! Green Zone Power Ratings is pretty clear on ABNB stock. I'll find a better place for my hard-earned cash to stay. Until next time, [Chad Stone]( Managing Editor, [Money & Markets Daily]( P.S. If you're looking for stocks that do have momentum, Adam has you covered. [Click here to see how]( you can access his 35X Wealth Multiplier before we shutter this offer at midnight tonight. --------------------------------------------------------------- Check Out More From Money & Markets Daily: - [NO ONE IS DETHRONING THE KING OF SEARCH]( - [WHY INVESTORS SMASHED THE "PANIC" BUTTON]( - [HOW YOU SHOULD HANDLE THE MARKET’S “SUCKER PUNCH”]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. 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Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. 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