Here's My Top Stock to Buy in August
Global travel company Airbnb (NASDAQ: ABNB) was growing rapidly before the pandemic temporarily halted nearly all travel. Thanks to its 4 million-plus hosts who open their homes to guests, the company offers plenty of variety for travelers. On Airbnb, you can book a stay in a treehouse, castle, farmhouse, beachfront home, or room in an apartment.
The wide selection is a hit with travelers because it increases the chances of finding someplace that fits their needs. Moreover, the endless selection gives Airbnb a moat around its business because that selection makes it difficult and costly for a competitor to match.
As economies around the world make every effort to reopen, Airbnb's variety will help it benefit from the pent-up demand that has developed among people wanting to travel again. And it's this pent-up demand that has me picking Airbnb as my top stock to buy in August.
Source Fool.com
