Chinese property owner Evergrande looks as though it may default on its debts, and many fear this could spark a domino effect causing a global economic recession, which is why the stock market plunged last week. Colgate-Palmolive (NYSE: CL), Airbnb (NASDAQ: ABNB), and Altria (NYSE: MO) are three stocks that could help insulate your portfolio from the next downturn. A safe place with thick walls and a well-stocked pantry is the consumer staples sector, and Colgate-Palmolive is one of the most solid companies in it.
One of the biggest initial public offerings (IPOs) from the last year was Airbnb (NASDAQ: ABNB). A big reason investors are optimistic about Airbnb is the potential for a travel boom around the globe as the COVID-19 virus (hopefully) fades into history, which should be beneficial to the entire travel industry. Against this bullish backdrop, can Airbnb live up to high investor expectations?
In the latest trading session, Airbnb, Inc. (ABNB) closed at $175.88, marking a +0.43% move from the previous day.