Money
These 3 Tech Stocks Closed Last Week Strong
At the beginning of last week, we saw some tech stocks muscle their way to the top, and try to stay there. Did they succeed? Time will tell.
But in the meantime, here are some of the biggest gainers by the end of last week—including one that soared to a 52-week high.
Autodesk Soars Over 15%
Shares of digital design company Autodesk [ADSK] rose 15.3% to clinch their biggest high, to close at $157.20. Autodesk announced its quarterly results and reported revenue of $611.7 M, a rise of 22% year-over-year and $6 M above the company’s guidance of $606 million.
Autodesk’s adjusted earnings were $0.19 per share, easily beating analyst estimates of $0.16 and way more than earnings loss of $0.11 reported in the prior-year quarter. This earnings beat drove Autodesk’s stock higher.
Autodesk shares have been on a tear this year as they have risen close to 50% in 2018. Analysts continue to remain bullish on the stock and have raised their 12-month price target for Autodesk.
Investment banks such as J.P. Morgan [JPM], KeyBanc Capital Markets, Credit Suisse, Griffin Securities and Canaccord Genuity have all raised price targets on Autodesk. The company is still trading at a discount of 27% to its high analyst price target of $200.
Splunk Stock Rises On Earnings Beat
Shares of software and cloud solutions company Splunk [SPLK] rose 15% on August 24, to close at $123.69. Splunk announced its fiscal second-quarter 2019 results and reported revenue of $388.3 M, a stellar rise of 38.6% year-over-year.
If you bought this, you have paid your ETP membership – #SPLK chart https://t.co/XXqkUhmwA6
— Dr. Stoxx (@DrStoxx) August 24, 2018
Earnings per share were $0.08, 60% higher compared to analyst estimates of $0.05. Splunk signed over 550 new enterprise customers in Q2 and expanded relationships with Automated Data Processing [ADP], Southwestern Energy [SWN] as well as the US Department of Defense.
Splunk has benefitted from the ongoing digital transformation of enterprises. Analysts expect the company to experience robust revenue growth in fiscal 2019 where sales are expected to rise close to 30% year-over-year coupled with earnings growth of 71%.
Though the stock is trading close to its all-time high, analysts remain optimistic as 74% recommend a “buy” and 26% recommend a “hold”. There are no sell recommendations. Splunk shares have risen close to 50% this year.
AMD Continues Its Stellar Run As Stock Rises 7.6%
Shares of semiconductor company Advanced Micro Devices [AMD] rose 7.6% on August 24, to close at $23.98. AMD’s stock rose as analysts became more optimistic about the firm’s market share gains post quarterly results in July.
While Intel [INTC] continues to struggle in the chip manufacturing process, analysts are betting on AMD to leverage this opportunity and gain market share.
Research firm Cowen expects AMD to win big in terms of business acquisition with cloud computing vendors. AMD’s price also rose 6.7% on August 23 as well after Rosenblatt Securities raised its price target from $27 to $30.
AMD’s stock has been a blockbuster investment as shares have risen significantly over the last few years. Shares rose close to 300% in 2016 and were range bound in 2017. However, the stock has risen by 133% in 2018.
AMD’s stock was trading at $2.87 at the end of 2015 and are expected to reach close to $30 over the next 12 months. With revenue growth estimated at 25% and earnings growth of 171% in 2018, AMD will most likely continue to outperform markets.
Airbnb Experiences: 5 Easy Ways To Make Extra Cash Today
Airbnb is a great way to earn money by renting out your home or apartment.
However, did you know that you can also make money by offering experiences on Airbnb? Here are five easy ways to make extra cash today by creating and offering Airbnb experiences.
1. Offer a food tour
If you love food, why not share your passion with others? Create a food tour experience in your city, showcasing the best local cuisine. You can offer a walking tour or a bike tour, and include stops at local markets, restaurants, and cafes. This is a great way to meet new people and earn money at the same time.
2. Teach a skill or hobby
Do you have a skill or hobby that you’re passionate about? Share your knowledge with others by offering an experience on Airbnb. You can teach anything from photography to cooking to yoga. People are always looking for new experiences, and they’re willing to pay for them.
3. Host a cultural event
If you come from a different culture, why not share it with others? Host a cultural event, such as a traditional dance, music, or art class. This is a great way to showcase your culture and make some extra cash.
4. Offer a nature experience
If you live in a beautiful area, offer a nature experience on Airbnb. You can offer a hiking tour, a kayaking trip, or a birdwatching tour. People love to get out into nature, and they’re willing to pay for it.
5. Host a wellness retreat
If you’re passionate about wellness, why not host a retreat? You can offer yoga classes, meditation sessions, and healthy meals. This is a great way to help people relax and recharge, while earning some extra cash.
In conclusion, offering experiences on Airbnb is a great way to make some extra cash. With these five easy ideas, you can get started today.
For more ideas and tips on how to make money, check out this Airbnb guide inside our academy.
If you’re an Airbnb host looking to increase your revenue, there are several strategies you can implement to make your listing more appealing to potential guests.
Here are 10 tips for making more money with your Airbnb listing:
- Set competitive pricing: Research the prices of similar listings in your area to ensure you’re offering a competitive rate. Consider lowering your prices during slow seasons or offering discounts for longer stays.
- Offer extra amenities: Providing extra amenities, such as a pool, hot tub, or complimentary breakfast, can make your listing more attractive to guests and justify a higher price.
- Invest in high-quality photos: High-quality photos of your space can make a big difference in how many bookings you receive. Consider hiring a professional photographer to capture the best aspects of your listing.
- Keep your listing up to date: Make sure your listing accurately reflects the current state of your property. Update your photos, descriptions, and amenities regularly to keep your listing relevant and appealing.
- Respond promptly to inquiries: Quick responses to guest inquiries can lead to more bookings and positive reviews. Make sure to check your messages frequently and respond as soon as possible.
- Provide excellent customer service: Going above and beyond for your guests can lead to positive reviews and repeat bookings. Make sure to communicate clearly and address any issues promptly.
- Offer local recommendations: Providing guests with recommendations for local restaurants, attractions, and activities can enhance their experience and justify a higher price for your listing.
- Allow instant bookings: Allowing guests to book instantly can make your listing more appealing to those who need to book at the last minute. However, make sure to set clear guidelines for instant bookings to avoid any issues.
- Offer discounts for repeat guests: Offering discounts to guests who have stayed with you in the past can encourage repeat bookings and increase your revenue over time.
- Keep your space clean and well-maintained: A clean and well-maintained space can lead to positive reviews and repeat bookings. Make sure to keep your space clean and address any maintenance issues promptly.
Implementing these 10 tips can help you make more money with your Airbnb listing and improve your overall hosting experience. Happy hosting!
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