Diamonds and Dogs


Airbnb (ABNB) higher on an upgrade. The real estate rental service is up 4% as the analyst at Cowen upped his rating and price target to $220 a share. Airbnb will be a major beneficiary of the "hotel to homes" shift in the global lodging market, with a trusted platform for both urban apartments and vacation homes. The analyst estimates that alternative lodging is now 33% of global lodging dollars, up from 24% before the pandemic. He notes that Airbnb dominates the market—and calculates that the company will have more than half of a 2021 market that he estimates at $47 billion in gross booking value. 2022 could be a good year for Airbnb.

AT&T (T) continues to drift lower. The stock is down 2% to its lowest level since July 2010. AT&T has plans to spin off their Warner Media to Discovery next year, cutting their dividend while also giving investors shares in the new pure play media stock. Doesn't seem to be impressing many investors.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.