Airbnb $ABNB (+1,58%) is now quietly and secretly generating 4.5 billion US dollars in operating cash flow per year - and the trend rising.

The free cash flow margin has also passed the 40% mark exceeded. This feat accomplish only a few companiese.g. Visa $V (+0,93%) / Mastercard $MA (+2,29%) , MSCI $MSCI (+1,57%) and Nvidia $NVDA (+2,01%) .

The sales growth in the core business is slowing down, but is still at 12% per year - despite unspeakable and often false headlines in the media about regulation and competition.

The management plans to increase sales growth again accelerate: off we go from May with the large-scale launch of "Experiences" and other services for guests and hosts.

"Starting in 2025, each year we will launch 1-3 new businesses that could eventually generate over a billion dollars in revenue per year (starting with travel and then moving away from the core); they are not gonna be capital intensive and they all gonna be similar margin to the current business because we are probably going to have a similar take rate." (CEO in October 2024).

The following are conceivable in the long term

• Experiences / activities (when traveling or in the home town)
• Advertising on the platform
• Concierge services
• Flights / rentals (cars, boats)
• Loyalty program (monthly subscription for frequent travelers with comprehensive benefits, discounts, exclusive accommodation, premium customer service, access to gyms, transport, food deliveries)
• Community / Social+ (networking with other local travelers, e.g. for restaurant or concert visits)
• Services for hosts (networking with craftsmen, designers, cleaning staff)
• ... and much more

Airbnb is valued with a forward PE of 24.2 (FY26) and a forward P/OCF of 15.3 (FY26) both of which are below the long-term averages.

Airbnb is rarely priced close to or below the €100 mark. $ABNB (+1,58%) is rarely available.

Do you already have Airbnb $ABNB (+1,58%) already in your portfolio?

First tranche purchased

It is now slowly becoming clear who has what it takes to make good profits in the coming years.

Here are my top 30 companies by category, which I am particularly looking at in the current crash.

Some are still overvalued, others are already very attractive at the current price level.

Tier 1 (high corporate quality and strong growth)

Airbnb $ABNB (+1,58%)

Alphabet $GOOGL (-1,47%)

Amazon $AMZN (-0,71%)

ASML $ASML (+1,93%)

Axon $AXON (+1,24%)

Cadence $CDNS (+2,04%)

Constellation Software $CSU (+1,64%)

Crowdstrike $CRWD (+4,58%)

Fair Isaac $FICO (+0,15%)

Hermes $RMS (+4,01%)

Intuit $INTU (+1,53%)

Intuitive Surgical $ISRG (-0,02%)

Mastercard $MA (+2,29%)

Meta $META (-1,35%)

Netflix $NFLX (+3,62%)

Microsoft $MSFT (+0,21%)

Palantir $PLTR (+7,49%)

Tesla $TSLA (+1,32%)

Tier-2 (high business quality and moderate growth)

Booking $BKNG (+1,82%)

Costco $COST (+0,37%)

Ferrari $RACE (+1,64%)

Moody's $MCO (+0%)

MSCI $MSCI (+1,57%)

Transdigm $TDG (+2,38%)

Tier-3 (medium / solid corporate quality and strong growth)

Hims & Hers $HIMS (+4,99%)

Robinhood $HOOD (+0,83%)

Roblox $RBLX

Shopify $SHOP (+2,03%)

Spotify $SPOT (+4,83%)

The Trade Desk $TTD (+1,78%)

I bought on Friday and am buying again today - even in the course of the next few days and weeks, when we could probably see even lower prices.

Where are you buying?

Visa has made Apple an offer of around 100 million dollars to secure the Apple Card. The background to this is that Goldman Sachs is withdrawing from the consumer credit business and the card will be reissued. In addition to Visa also fight American Express and Mastercard for the role of card network. Visa has made an aggressive offer, while American Express is competing as both issuer and network. Mastercard wants to retain its position as a network. The deal would be the end of Goldman's Goldman's failed attempt in the consumer credit business, which Apple which is worth around 20 billion dollars.

$V (+0,93%)
$MA (+2,29%)
$AXP (+1,67%)
$AAPL (+0,61%)
$GS (+1,51%)

Source: https://www.tradingview.com/news/DJN_DN20250401009397:0/

The analysts at Morgan Stanley have put together an overview of stocks for life to soothe the battered soul of investors.

Under the title "Quality Stocks for a Long-Term Holding Period", they have compiled a list of 30 high-quality stocks. Welt" has filtered out 15 of them that are growing the fastest.

These are companies with sustainable growth and long-term potential.

The top 5 by market capitalization are:

$MSFT (+0,21%) - Microsoft

$META (-1,35%) - Meta Platforms

$LLY (+1,11%) - Elli Lilly

$V (+0,93%) - visas

$MA (+2,29%) - Mastercard

Source (excerpt) / graphic: WELT

There's a big sale on the market at the moment, what have you bought? For me it was $IWDA (+0,66%)
$CSPX (+0,63%)
$GOOGL (-1,47%)
$AXP (+1,67%) and $MA (+2,29%) 💰

For the time being, I took some winnings from $RHM (+4,61%) 🙏🏻

In uncertain times, it is important to keep a watchlist so that you can pick up stable shares at bargain prices. I hope we go down a few more levels, another -20% would be nice, even if the short to medium-term price losses hurt.

I currently have almost 30 stocks on my watchlist, some of which are attractive in terms of price, while others are still far too high for me. I have not listed stocks that are already in my portfolio and that I would like to buy (in order of dividend amount):

Hercules Capital $HTGC (+3,52%) or Main Street Capital $MAIN (+1,45%)
Chevron $CVX (+0,22%)

Vinci SA $DG (+1,62%)
United Parcel Service $UPS (-1,95%)
3i Infrastructure $3IN (+6,98%)
Iron Mountain $IRM (+0,08%)
Micro Star International $MSS
Nextera Energy $NEE (+1,18%)
Partners Group $PGHN (+1,99%)
Itochu Shoji $8001 (-1,04%)
Canadian National Railway $CNR (-1,13%)
Svenska Cellulosa $SCA B (-0,24%)
VAT $VAT
Investor AB $IVSB
Assa Abloy $ASSA B (+1,39%)
Linde $LIN (+1,73%)
John Deere $DE (-0,51%)
Landstar Systems $LSTR (-1,61%)
Dover Corporation $DOV (+0,38%)
Alimentation Couche-Tard $ATD (-1,21%)
ASML $ASML (+1,93%)
Infineon Technologies $IFX (+0,69%)
Sherwin-Williams $SHW (-0,62%)
Tencent $700 (-0,66%)
Microsoft $MSFT (+0,21%)
S&P Global Inc. $SPGI (+0,59%) or Moody's Corp. $MCO (+0%)
Visa $V (+0,93%) or Mastercard $MA (+2,29%)
Ferrari $RACE (+1,64%)

Which stocks do you have on your watchlist?

#aktien
#watchlist
#crash
#stock
#market

Airbnb $ABNB (+1,58%)

Amazon $AMZN (-0,71%)

Axon $AXON (+1,24%)

Cadence $CDNS (+2,04%)

Constellation Software $CSU (+1,64%)

Costco $COST (+0,37%)

Crowdstrike $CRWD (+4,58%)

Fair Isaac $FICO (+0,15%)

Ferrari $RACE (+1,64%)

Hermes $RMS (+4,01%)

Hims & Hers $HIMS (+4,99%)

Intuit $INTU (+1,53%)

Intuitive Surgical $ISRG (-0,02%)

Mastercard $MA (+2,29%)

Microsoft $MSFT (+0,21%)

Moody's $MCO (-0%)

MSCI $MSCI (+1,57%)

Palantir $PLTR (+7,49%)

Robinhood $HOOD (+0,83%)

Roblox $RBLX

Shopify $SHOP (+2,03%)

Tesla $TSLA (+1,32%)

The Trade Desk $TTD (+1,78%)

Transdigm $TDG (+2,38%)

Select a maximum of 8-10 positions from this list that have the best risk/reward ratio and are reasonably valued. Then there is a good chance of outperforming the S&P 500.

Your opinion?

I've just had a great experience when I was at $PYPL (+0,37%) wanted to transfer money from my wallet to my current account. PayPal offered me the free real-time transfer and let me tell you, it was so damn satisfying to have the money in my account within seconds. Absolutely great and finally feels like the 21st century (after 1/4 of the century has already passed).

Of course, I also immediately checked to see who else had activated the free real-time transfer. First with my main DKB account. Unfortunately, there's no real-time transfer there yet, but today I got the message that they're working on adding it. I assume by October 09th.

Sparkasse theoretically also has free real-time transfers. Theoretically, that is. Because in order to be able to use it, you would first have to accept the new contract documents. However, the button to accept is not displayed anywhere. And even if it did, the real-time transfer is of course not free, but costs as much as the normal transfer - namely €0.35 each (in online banking) and of course three times as much if you want to do it in the branch. Apart from that, depending on the account model, it also costs the recipient another €0.35 when the money is sent. Savings bank absolutely insane and lost I'll tell you honestly.

On the other hand, it's good to see that Trade Republic's new current account already offers free real-time transfers. The app did crash 3 out of 4 times when setting up the payment, but when it worked to send the money, it arrived in my current account free of charge within seconds. This was wonderful and made me very happy.

What's your situation? Does your bank already offer free real-time transfers? And do you see any impact on the shares of payment service providers such as PayPal but also $V (+0,93%) and $MA (+2,29%) ?