Airbnb: Is the Startling Selloff a Golden Buying Opportunity?
Airbnb(ABNB) The Motley Fool·2024-08-14 18:15
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 ...