A lot of growth stocks have seen volatile trading in recent months. Inflation concerns and rising bond yields and interest rates have spooked some market traders and sparked sell-offs in 2021. Airbnb (NASDAQ: ABNB) has already reshaped the travel and hospitality industries, and its rapid growth and innovative approach to the short-term rental market have helped the stock be relatively resilient amid market volatility.
For instance, AMC Entertainment (NYSE: AMC) reported 2,252% revenue growth in its most recent quarter. Last year at this time, the COVID-19 lockdown was crushing a lot of stocks, with revenues dropping to near-zero for many companies. While some of these stocks are "turn around" stories, all of the stocks in this article have strong financials and are way safer than AMC.
Q3 earnings season has kicked off and over the next few weeks the ritual quarterly event will be the focal point on Wall Street. Ahead of Airbnb’s (ABNB) anticipated Q3 report (expected in November) Stifel’s Scott Devitt has been looking into the past 3 months’ performance to find out what’s on offer in the hospitality disrupter’s upcoming print. A good start to the summer travel season, plus new features for hosts and guests and strong pent-up demand saw the company deliver a solid Q2 report as