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  • Writer's pictureTLivingstonBlog

Airbnb-A Stock To Watch As The World Starts To Reopen

Like most of you, I just can't wait for the world to reopen. There's a sense of regret and lost time after the lockdowns we all had to experience in 2020. There is a massive amount of pent up demand for socializing, traveling, and time outside in general. A big benefactor of this environment could be Airbnb as friends and family travel again this summer. Airbnb had already been gaining ground on traditional hotels prior to 2020, but I think the impact may just be beginning. Not only does Airbnb allow you to stay at a discount from local hotels, it also provides safety for those who are still worried about COVID-19 and do not wish to visit a large hotel with thousands of people. Staying at an airbnb is a perfect way for people to reunite with loved ones without having to worry about interacting with a large number of people.

From a technical perspective, Airbnb is a recent IPO that has held up quite well over the last month as many growth stocks got hammered. There is very little distribution on this chart, and I really like the support that came in off the $160 level. I took a pilot position in ABNB this week and will look to add should we see some follow-through buying in the coming weeks.

To learn more about swing trading and trading in general, visit my course page.

Full Disclosure: I currently own ABNB.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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