Dell Gains on Trump Praise, Airbnb Rallies, DraftKings Profit Beats

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Dell (DELL) shares gained after President Trump praised the company and its founder, Michael Dell, for his contributions to Trump accounts. “Go out and buy a Dell. They’re great,” President Trump said at a Mother's Day event earlier on Friday at the White House.

- Airbnb (ABNB) boosted its annual forecast on robust bookings in the major markets in the Americas, while it posted a big jump in spending as part of an effort to diversify the business. The short-term rental company said it expects annual revenue growth to “accelerate to low- to mid-teens.” In February, Airbnb told investors it anticipated annual sales would gain “at least low double digits.” Analysts, on average, projected a 12% jump, according to data compiled by Bloomberg. The shares rose about 1% Friday morning in New York following the news. The stock has gained about 4.3% this year, compared with a 7.9% increase in the S&P 500 Index.

- DraftKings (DKNG) reported revenue that rose 17% to $1.65 billion, slightly ahead of analysts’ estimates for $1.63 billion and said it would spend more on a new push into predictions markets. Adjusted earnings before interest, taxes, depreciation and amortization rose 64% to $168 million versus analysts’ projections for $153 million, according to a statement from the company Thursday. Shares rallies in trading on Friday.

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