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hot-stocks:-pypl,-cvs-climb-on-earnings;-mstr-leadership-change;-abnb-sees-soft-bookings

Hot Stocks: PYPL, CVS climb on earnings; MSTR leadership change; ABNB sees soft bookings

BizTech WeeklyBy BizTech Weekly Aug 3, 2022

PayPal (PYPL) and CVS Health (NYSE:CVS) both gained ground in the wake of their quarterly reports. Meanwhile, MicroStrategy (MSTR) rallied despite a sizable loss fueled by a writedown of its Bitcoin holdings. Airbnb (ABNB) slipped following its results, hurt by signs of weak bookings. The online short-term property rental platform beat expectations with its Q2 earnings, with revenue that surged 57% from last year. The software company reported a massive Q2 loss, including $1B in digital asset impairment losses related to its large holdings of Bitcoin. Despite this results, the stock rallied 12% after CEO Michael Saylor, the main force behind the firm’s Bitcoin accumulation, stepped down as chief executive. . . .

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