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Investors quickly charge into, and then back out of, Airbnb after earnings

For at least a few minutes, traders liked what they saw from Airbnb, but the shine didn’t last long. Right after the company lifted the curtain on its Q3 earnings report Thursday, the stock jumped as much as 11% in the after-hours session. But it has been steadily fizzling since then and recently turned negative.

Airbnb missed Wall Street’s earnings-per-share target by a penny, posting EPS of $2.13. But it did better than expected on sales, which rose nearly 10% to $3.73 billion.

Airbnb missed Wall Street’s earnings-per-share target by a penny, posting EPS of $2.13. But it did better than expected on sales, which rose nearly 10% to $3.73 billion.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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