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Which Stocks To Buy Or Sell This Week?

Which stocks to buy or sell this week? Jesse Cohen wrote for Investing.com. Here are the details of the article..

Which Stocks To Buy Or Sell This Week?
Yazar: Eylem Özer

Yayınlanma: 28 Şubat 2021 20:57

Güncellenme: 19 Kasım 2024 08:59

Which Stocks To Buy Or Sell This Week?

Which stocks to buy or sell this week? Jesse Cohen wrote for Investing.com.

Cohen stated that stocks on Wall Street fell on Friday, as investors continued to shift from rising technology stocks that had risen during the coronavirus outbreak to cyclical stocks likely to benefit from the reopening of the economy. NASDAQ Composite recorded its second consecutive weekly loss, down 4.9 percent, while the S&P 500 and Dow Jones Industrial Average fell 2.5 percent and 1.8 percent, respectively. US 10-year Treasury bond yield returned to around 1.41 percent on Friday, after hitting a one-year peak of over 1.6 percent on Thursday. Dow:SPX:COMPQ vs ABD 10 Yıllık Tahvil Getirisi This week, busy days await Wall Street with the quarterly results to be announced by the companies and new economic data. However, no matter where the direction of the markets goes, two stocks that are likely to receive interest next week and that are likely to fall were discussed. At this point, Cohen specifically points out that the time frame for the two stocks in question only covers the next week.  

Stock To Buy: Airbnb

Airbnb, which went public in December, recorded its biggest weekly earnings since then. Airbnb (NASDAQ: ABNB) shares have gained about 39 percent by this time in 2021. By comparison, the S&P 500 rose only 2 percent over the same period. ABNB stock has tripled in value since its initial public offering at $ 68. Closing on Friday at $ 206.35, the share approached the $ 219.88 level seen on February 11. Currently, the company has a market value of $ 123 billion. ABNB Günlük Grafik Positive progress in ABNB is expected to continue next week. In its first revenue report released last week as a public company, Airbnb announced a net loss of $ 3.89 billion for the fourth quarter. The company's revenues exceeded expectations of $ 747 million and reached $ 859.3 million. However, it was still 22 percent behind the amount in the same period last year. Key metrics such as reservation and room-night growth also exceeded expectations. Despite these complex data, Airbnb's fourth-quarter holiday financial results were far better than their declining counterparts. "Our performance has shown that Airbnb is durable and inherently adaptable," Airbnb CEO Brian Chesky said in his February 25 revenue report publication. he said and continued as follows: "Travel is returning to normal and we are fully focused on preparing for recovery."  

Stock To Sell: DoorDash

DoorDash (NYSE: DASH) shares, which started trading on the New York Stock Exchange in December, are thought to fall into the background as investors move away from "stay-at-home" companies. DASH, which closed Friday at $ 169.49, brought the company a market value of $ 53.8 billion, nearly 34 percent behind its historic peak of $ 256.09 on January 27. The company, which published its fourth quarter results last week, could not make its investors happy. DoorDash stated in its initial revenue report as a public company that net losses reached $ 312 million, more than doubling from the same period last year, but much of this is related to the initial public offering process last year. Revenue reached $ 970 million, up 226 percent compared to the same period last year. DASH Günlük Grafik The food delivery service company warned that even though it experienced a surge in demand in the fourth quarter, it may return some of its revenue from the restaurant ban across the United States once restrictions expire and vaccinations continue across the country. The company noted in its revenue report publication: "We hope that the markets will start opening soon. With reopening, we expect decreases in consumer engagement and average order sizes, but exact quantities are still uncertain."         Source: Investing.com
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