Airbnb is an online platform for short-term home rentals. The company's website allows travelers to search for and reserve a wide range of rental homes and apartments that are listed on the site by individual hosts. The site also allows travelers to book 'experiences' such as specialized tours and cooking classes at destinations around the world. Airbnb hosts may be individuals with a single rental property or lodging companies with multiple apartments or hotel rooms. The company offered its first 'home-sharing' listings in 2008 and went public in December 2020 at $68 per share. Airbnb is based in San Francisco and has approximately 5,600 employees.

Stocks closed nearly flat on Thursday ahead of the May monthly jobs report on Friday. The Dow is modestly higher, with the Nasdaq Composite, the S&P 500 and Russell 2000 off slightly. The yield on the 10-year Treasury note fell to 4.28%. Gold and oil are trading higher today.

Netflix’s relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with almost 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.