Dan Wasiolek

The market’s optimistic valuation for Airbnb is tough to accommodate.

Investors should resist booking an investment in this advantaged travel operator, says Morningstar analyst Dan Wasiolek.

Airbnb’s liquidity profile appears to be strong enough that solvency is a very low risk.

E-commerce and demographics should benefit companies in industries such as retail and travel, even as sector valuations remain slightly high,...