Dow Inc
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Materials : Chemicals | Large Cap Blend
Company profile

Dow Inc. is a holding company for The Dow Chemical Company and its subsidiaries (TDCC). The Company's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a range of science-based products and solutions for its customers in various market segments, such as packaging, infrastructure, mobility and consumer care. The Company’s portfolio is comprised of six global business units, which are organized into three operating segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure and Performance Materials & Coatings. Packaging & Specialty Plastics consists of two global businesses: Hydrocarbons & Energy and Packaging and Specialty Plastics. Industrial Intermediates & Infrastructure consists of two customer-centric businesses: Industrial Solutions and Polyurethanes & Construction Chemicals. Performance Materials & Coatings includes two global businesses: Coatings & Performance Monomers and Consumer Solutions.

Closing Price
Day's Change
-0.86 (-1.45%)
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Airbnb's stock extends bounce after BTIG analyst turns bullish, cites 'appealing' buying opportunity

2:20 pm ET July 22, 2021 (MarketWatch)

Shares of Airbnb Inc. (ABNB) gained 0.6% in afternoon trading, putting them on track for a third-straight gain, after BTIG analyst Jake Fuller turned bullish on the home-rental company, saying the recent selloff has created an "appealing entry point" for a "best-in-breed" online travel agent (OTA). The stock has now bounced 6.2% since closing Monday at a seven-month low of $131.88, which was 39% below the Feb. 11 record close at $216.84. He raised his rating to buy, after being at neutral since Airbnb went public in December. "[Airbnb's stock] wasn't interesting to us >$200 in February, but at <$140 with revenue estimates up significantly...we see an opportunity to own a unique (few brands have become a verb/noun) and compelling (>90% of traffic direct) model," Fuller wrote in a note to clients. The FactSet consensus for 2021 revenue has increased to $5.29 billion from $4.69 billion at the end of February, and represents 57% growth from 2020. "We can't say how a COVID resurgence might impact travel, but can say that [Airbnb] is better situated than peers to deal with it," Fuller wrote. He noted that Airbnb's bookings fell less that its peers and have fully recovered to 2019 levels, which others are still below pre-pandemic levels. The stock has slipped 4.6% year to date, while the S&P 500 has gained 16.3%.

-Tomi Kilgore; 415-439-6400;


(END) Dow Jones Newswires

July 22, 2021 14:20 ET (18:20 GMT)

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