Motley Fool Money Airbnb's Record Quarter, Nikola's Early Days
Nov 2, 2022
Asit Sharma, a Senior Analyst at Motley Fool, dives into Airbnb's unexpected stock dip despite record 3rd-quarter results. He emphasizes the importance of cash flows over impulsive reactions to Federal Reserve announcements. Meanwhile, Ben Foldy from the Wall Street Journal shares fascinating insights into Trevor Milton's early career at Nikola, highlighting his unconventional sales tactics and the ethical dilemmas they sparked. The discussion also touches on the challenges faced by ambitious startups in a volatile market.
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Investing Approach
- Focus on company fundamentals and cash flow regardless of Fed announcements.
- Don't overreact to Fed decisions if you have a balanced portfolio.
Airbnb's Stock Dip
- Despite record revenue and strong performance, Airbnb shares dropped due to forward-looking investor behavior.
- This drop presents a buying opportunity for long-term investors.
Airbnb Buying Opportunity
- View Airbnb’s stock drop as a discount if you're a long-term investor.
- The company's strong fundamentals suggest resilience and continued growth despite minor risks.