Nasdaq NVDA Nvidia

Wall Street ended higher on Monday, with gains in 3M and Goldman Sachs ahead of key inflation and jobs data this week that will offer more clues on the Federal Reserve's interest rate path.

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Boeing Co. (Symbol: BA), where a total volume of 80,149 contracts has been traded thus far today, a contract volume which is representative of approximately 8.0

Wall Street rose on Monday, with gains in 3M and Goldman Sachs ahead of key inflation and jobs data this week that will offer more clues on the Federal Reserve's interest rate path.

Shares of popular alternative accommodations company Airbnb ( NASDAQ:ABNB ) are sitting down around 19% from their late-August peak despite recently clocking in record second-quarter earnings. Though the travel recovery could reverse course if that elusive recession makes an appearance over the next year, I view the latest dip in ABNB stock as more than buyable, given that many of the company's distinct advantages are still fully intact. For this reason, I remain bullish on the stock. It's going to be a turbulent ride for Airbnb going into 2024, but it's one that may be worth riding for investors with strong stomachs. Indeed, investor expectations were elevated this earnings season. However, you can't discount the company's remarkable Q2 numbers and its path forward, which, I believe, could be brighter than expected. Airbnb Clocks in a Great Quarter, but Shares Fall For the latest quarter, net income rose 72% year-over-year to $650 million. Sure, the year-over-year comparables were easier this time around, but the firm also managed to top consensus estimates on the bottom line, with $0.98 in earnings per share (EPS), ahead of the $0.80 forecast. Revenues also came in a tad higher than expectations at nearly $2.5 billion (expectations were $2.42 billion), up 18%. So, why the negative post-earnings reaction? It's not hard to imagine that investors are increasingly nitpicky this time of year. Indeed, tech stocks are fresh off an incredible past-year relief rally. Even Nvidia ( NASDAQ:NVDA ), which blew away the numbers yet again, wasn't able to generate a sustained round of applause from investors. When the price is too high, sometimes even the biggest beat and raise isn't enough to move the needle higher. In the case of Airbnb, its quarter was solid, but it wasn't quite "Nvidia solid." Further, investors may have seen a tiny bit of negatives in the results. Average daily rates (ADRs) — not to be mistaken with American depository receipts — came in quite muted (up 1%) for the quarter. Still, the company expected such rates would be lower for the quarter. In any case, I do think Airbnb stock is being unfairly punished by picky investors who may want more than a beat to reward a stock. Airbnb Could Flex Its Strong Network in Pursuit of Greater Growth Even if the travel recovery takes a breather, Airbnb has many growth levers it can pull to keep its long-term growth going strong. The company's network is enviable and acts as a huge moat for the firm, keeping rival platforms (like Vrbo) mostly at bay. Though competitive pressures from alternative accommodation newcomers could continue to mount, Airbnb's flywheel seems tough to stop while it's in motion. At the end of the day, Airbnb has more hosts, which draws in guests, which, in turn, draws in more hosts. Where else can you book a stay at a giant potato in the middle of Idaho (named the Big Idaho Potato Hotel)? As the company pushes into the rental-apartment listing (subletting) service, Airbnb may be the one-stop-shop for any sort of stay over the short or medium term. With the subletting service, Airbnb stands to get a portion of the rent from various landlords who use its platform. It's a wonderful business that could unlock a world of growth for Airbnb. That said, there is a moral dilemma involved with the new service. Buying multiple properties for Airbnb-ing over extended periods of time stands to add to the housing affordability crisis. With that, Airbnb could find it under increased regulatory scrutiny at some point down the road. For now, I don't see any sort of Airbnb subletting ban happening anytime soon. Regardless, investors should be aware of the potential regulatory roadblocks that could appear in the future. Apart from its new subletting platform, Airbnb could also get into the generative artificial intelligence (AI) game. The company could embrace AI to help it with everything from "concierge" services to customer support. Indeed, there are potential cost savings and sales growth to be had from investing in the revolutionary technology. Is ABNB Stock a Buy, According to Analysts? Turning to Wall Street, ABNB stock comes in as a Moderate Buy. Out of 31 analyst ratings, there are 13 Buys, 15 Holds, and three Sell recommendations. The  average Airbnb stock price target is $149.81, implying upside potential of 19.3%. Analyst price targets range from a low of $105.00 per share to a high of $185.00 per share. The Bottom Line on ABNB Stock Airbnb stock is getting punished for what I believe is no good reason. The stock trades at 36.9 times trailing price-to-earnings, below the travel services industry average of 38.15. For such a tech-savvy pioneer with a wide moat in its network, I'd argue the stock should trade at a fat premium to the peer group. Though the business of Airbnb may lie in a moral gray area for some, I think it's hard to deny that the stock is looking cheap, given its unique competitive advantages. Disclosure

Hedge funds hold record exposure to the seven biggest tech stocks by market capitalization, according to data released on Friday by Goldman Sachs, in a week Nvidia hit an all-time high after beating revenue expectations.

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.

Wall Street's main indexes rose on Monday ahead of key inflation and jobs data this week that will offer more clues on the Federal Reserve's interest rate path, while a pullback in Treasury yields cushioned some megacap growth stocks.

Here's what you need to know about Wall Street's expectations for Microchip Technology, Advanced Micro Devices, and Wolfspeed after a challenging month for semiconductor stocks.

Hedge funds hold record exposure to the seven biggest tech stocks by market capitalization, according to data released on Friday by Goldman Sachs, as managers resumed buying into the sector this month.

Ubiquiti Inc. UI reported mixed fourth-quarter fiscal 2023 results, with the bottom line missing the Zacks Consensus Estimate but the top line matching the same. The New York-based networking products and solutions providers repor

In early trading on Monday, shares of Seagen topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.3%. Year to date, Seagen registers a 62.1% gain.

What a week -- between NVIDIA Corp (NASDAQ:NVDA) earnings and the Jackson Hole Economic Symposium, we saw violent intraday swings that whipsawed investors through a volatile roller coaster. However, this is not highly unusual for August, which is a historically choppy and hard-

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but

A few weeks ago, VettaFi announced an AI symposium at the end of the month. Our hope was to bring some of the leading experts in asset management to discuss how the future is fast approaching. AI was a buzzword in the beginning of the year, and many agreed that it had long-term potential. But [...] Read more at ETFtrends.com.

Nvidia (NVDA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

For Immediate ReleaseChicago, IL – August 28, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the fin

Wall Street rebounded in the first seven months of 2023 after a highly disappointing 2022. The rally was primarily led by growth stocks, especially, technology stocks. Consequently, the tech-heavy Nasdaq Composite Index took the l

Wall Street delivered mixed performances last week due to rising rates. While the S&P 500 (up 0.8%) and the Nasdaq (up 2.3%) managed to eke out gains, the Dow Jones (down 0.5%) and the Russell 2000 (down slumped last week. The

Nvidia (NVDA) has done it again. The firm beat expectations and forecasts after an already delirious 2023 that had set “sky-high” expectations. NVDA had already risen more than 200% prior to the earnings news, now up 212%. The price itself has reached $456 after starting the year at less than $150. The earnings surprise comes [...] Read more at ETFtrends.com.