Dell Gains on Trump Praise, Airbnb Rallies, DraftKings Profit Beats
Stock Movers8 Maj

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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