Sometimes, general market sentiment is enough to steer stocks downward, even though the business's trajectory is clearly pointing in the right direction. This situation is precisely where Airbnb (NASDAQ: ABNB) finds itself.

Even though the company reported tremendous third-quarter earnings, the stock has fallen nearly 10% and sits at a cheap valuation. Smart investors are the ones who look at Airbnb's business and don't let short-term sentiment affect their long-term investing decisions.

Here's why now could be an excellent time to purchase Airbnb stock, despite its recent trading indicating otherwise.

Continue reading

Source Fool.com