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Airbnb might face an acid test in the run-up to next year’s IPO

The market is abuzz with news of more tech companies going public, indicating that 2020 will be a busy year for the IPO market. Having witnessed a slew of Wall Street debuts this year, there is a lot of speculation among investors about the upcoming IPOs, with the latest being online accommodation marketplace Airbnb. Picture…

Looking for a fast-growth IPO stock? Datadog begins trading today

Thanks to the robust transition to cloud-based infrastructure, technology companies providing business process solutions have been faring exceptionally well lately. Take for example the recent IPOs of Crowdstrike Holdings (NASDAQ: CRWD) or Zoom Video Communications (NASDAQ: ZM) – both have given more than 100% returns till date. Keeping up with the enthusiastic response, software company…

Mastercard or Visa: Which stock is a better investment option?

There isn’t much of a choice when it comes to owing a credit card, but it is important to make the right choice while investing in the top credit card companies. The credit card market, ruled by Mastercard (NYSE:MA) and Visa (NYSE:V), witnessed significant growth in recent years and statistics show that currently, the total…

United States Steel stock takes a hit after weak guidance

Shares of United States Steel Corporation (NYSE: X) were down 11.8% in morning trade on Thursday. The stock took a hit after the company issued weak guidance for the third quarter of 2019 on Wednesday evening. United States Steel said it expects adjusted loss to be approx. $0.35 per share for the third quarter. This…

Darden beats earnings expectations but sales miss estimates

Darden Restaurants Inc. (NYSE: DRI) reported better-than-expected earnings for the first quarter of 2020 but sales came in shy of forecasts. The stock was down 1.7% in premarket hours on Thursday. Total sales rose 3.5% year-over-year to $2.13 billion but missed estimates of $2.14 billion. Blended same-restaurant sales rose 0.9%. The quarterly sales results were…