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Stock Market & Financial Investment News

News Breaks
February 14, 2014
10:48 EDTWYN, HOT, MAR, HLT, H, CHH, IHGHotels rise after Hyatt results beat expectations
The shares of a number of hotel chains are climbing after one of the companies in the sector, Hyatt Hotels (H), reported significantly stronger than expected results. WHAT'S NEW: Hyatt's fourth quarter earnings per share, excluding some items, came in at 32c, versus analysts' consensus estimate of 20c. The company's revenue was slightly higher than expected. Its revenue per available room, or RevPAR, rose 6.2% versus the fourth quarter of 2012. "Looking ahead, we expect healthy occupancy levels in the U.S. to support increasing strength in room prices," said Hyatt CEO Mark Hoplamazian in a statement. WHAT'S NOTABLE: UBS upgraded Starwood (HOT) to Buy from Neutral in a note to investors earlier today, after the stock fell yesterday in response to the company's decision not to buy back any shares last quarter. The firm expects the company to be able to buy back shares going forward and it predicts that strength in North America, asset sales, and RevPAR gains in China will drive the stock higher. PRICE ACTION: In mid-morning trading, Hyatt jumped 5.6% to $52.35, Starwood advanced 2.6% to $77.34, InterContinental Hotels Group (IHG) advanced 1.6% to $33.50, and Marriott (MAR) gained 1% to $50.65. OTHERS TO WATCH: Other publicly traded companies in the space include Choice Hotels (CHH), Hilton Worldwide (HLT), and Wyndham (WYN).
News For H;HOT;IHG;HLT;WYN;CHH;MAR From The Last 14 Days
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July 28, 2015
06:36 EDTWYNWyndham raises FY15 adjusted EPS view to $4.88-$5.03 from $4.81-$4.96
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06:35 EDTWYNWyndham reports Q2 adjusted EPS $1.32, consensus $1.26
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July 27, 2015
16:30 EDTHOTOZ Management fils 5.05% passive stake in Starwood
09:15 EDTCHHChoice Hotels to expand Cambria hotels & suites in Orlando, Florida
Choice Hotels announced it has signed an agreement with franchise partner Nevada Coal and Grain LLC led by Matthew Gillio and Don Fuller, to develop a new Cambria hotel & suites in Orlando, FL. The 140 room Cambria property will be located at the intersection of International Dr. and Central Florida Parkway and is expected to open in 2017. This world class location is within walking distance from three SeaWorld parks, and will provide close proximity to all the Orlando area parks and leisure attractions. The hotel will also be one mile from the Orange County Convention Center.
09:14 EDTMARSummit Hotel acquires two Residence Inn hotels for $56.8M
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July 24, 2015
06:10 EDTHTripAdvisor Instant Book continues to gain traction, says Piper Jaffray
Piper Jaffray analyst Michael Olson says that while weakness in international cost-per-clicks drove weaker than expected Q2 results and lowered 2015 guidance, TripAdvisor's (TRIP) Instant Book continues to gain traction. The company confirmed that Hyatt (H) is now on the platform, Olson tells investors. He lowered his price target for shares to $95 from $100 and maintains an Overweight rating on the stock.
July 23, 2015
08:18 EDTHOTStarwood unit signs agreement with Qingdao Conson for St. Regis brand
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05:48 EDTHOTStocks with implied volatility above IV index mean; HOT AMZN
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July 17, 2015
07:15 EDTIHG, HOTSpeculation rising of Starwood deal with InterContinental, Daily Mail says
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July 16, 2015
11:32 EDTHOTStarwood volatility increasing into Q2 and outlook
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09:18 EDTH, HLTRLJ Lodging Trust acquires two hotels for $105.9M
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09:04 EDTHLT, MARApple Hospitality REIT acquires three hotels
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08:55 EDTMARMarriott valuation attractive given recent sell-off, says Credit Suisse
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July 15, 2015
09:04 EDTHOTStarwood opens Sheraton Hyderabad Hotel
Starwood Hotels and Resorts Worldwide announced the opening of the Sheraton Hyderabad Hotel a newly renovated property set to welcome travelers visiting the heritage city that has quickly become one of India’s industrial hubs. Owned by SAMHI Hotels Private Limited, an affiliate of SAMHI Hotels Private Limited, Sheraton Hyderabad Hotel marks the 44th Starwood hotel in India, the third Starwood hotel in the south-central Indian city, and the third Sheraton in India.
July 14, 2015
10:01 EDTHOTOn The Fly: Analyst Initiation Summary
8point3 Energy (CAFD) initiated with a Buy at Deutsche Bank... Abraxas Petroleum (AXAS) initiated with a Market Perform at Cowen... Amarantus Bioscience (AMBS) initiated with a Buy at WallachBeth... Ashford Hospitality Prime (AHP) initiated with a Hold at Canaccord... Ashford (AINC) initiated with a Hold at Canaccord... BE Aerospace (BEAV) initiated with a Neutral at JPMorgan... Bed Bath & Beyond (BBBY) initiated with a Neutral at Longbow... Benchmark Electronics (BHE) initiated with a Buy at B. Riley... Bill Barrett (BBG) initiated with a Market Perform at Cowen... Boeing (BA) initiated with an Overweight at JPMorgan... Bombardier (BDRBF) initiated with a Neutral at JPMorgan... Cablevision (CVC) initiated with a Hold at Deutsche Bank... Charter (CHTR) initiated with a Buy at Deutsche Bank... Chesapeake (CHK) initiated with an Equal Weight at Stephens... Comcast (CMCSA) initiated with a Hold at Deutsche Bank... DiamondRock (DRH) initiated with a Buy at Canaccord... Diamondback Energy (FANG) initiated with an Outperform at Cowen... EOG Resources (EOG) initiated with an Overweight at Stephens... Fogo De Chao (FOGO) initiated with a Buy at Jefferies... General Dynamics (GD) initiated with an Overweight at JPMorgan... HP (HPQ) initiated with a Hold at Maxim... Hanover Insurance (THG) initiated with an Overweight at Piper Jaffray... Harris (HRS) initiated with a Neutral at JPMorgan... Hospitality Properties (HPT) initiated with a Hold at Canaccord... Host Hotels (HST) initiated with a Hold at Canaccord... Hydrogenics (HYGS) initiated with a Buy at Rodman & Renshaw... King Digital (KING) initiated with an Overweight at Morgan Stanley... L-3 Communications (LLL) initiated with a Neutral at JPMorgan... La-Z-Boy (LZB) initiated with a Neutral at Longbow... LaSalle Hotel (LHO) initiated with a Hold at Canaccord... MINDBODY (MB) initiated with a Buy at UBS... Marriott (MAR) initiated with a Hold at Canaccord... Newfield Exploration (NFX) initiated with a Buy at Global Hunter... Northern Oil and Gas (NOG) initiated with a Market Perform at Cowen... Northrop Grumman (NOC) initiated with an Underweight at JPMorgan... Oasis Petroleum (OAS) initiated with an Outperform at Cowen... PDC Energy (PDCE) initiated with an Outperform at Cowen... Pier 1 Imports (PIR) initiated with a Buy at Longbow... Plexus (PLXS) initiated with a Buy at B. Riley... Raytheon (RTN) initiated with a Neutral at JPMorgan... RetailMeNot (SALE) initiated with an Equal Weight at Morgan Stanley... Rockwell Collins (COL) initiated with a Neutral at JPMorgan... Spirit AeroSystems (SPR) initiated with an Overweight at JPMorgan... Starwood (HOT) initiated with a Buy at Canaccord... Strategic Hotels (BEE) initiated with a Buy at Canaccord... Summit Hotel Properties (INN) initiated with a Buy at Canaccord... Textron (TXT) initiated with a Neutral at JPMorgan... Time Warner Cable (TWC) initiated with a Buy at Deutsche Bank... TransDigm (TDG) initiated with an Overweight at JPMorgan... TrueCar (TRUE) initiated with an Equal Weight at Morgan Stanley... Whiting Petroleum (WLL) initiated with an Outperform at Cowen... XL Group (XL) initiated with an Overweight at Piper Jaffray... Zillow Group (Z) initiated with an Overweight at Morgan Stanley... Zynga (ZNGA) initiated with an Equal Weight at Morgan Stanley.
08:56 EDTHLTMorgan Stanley names 'Vintage Values 2016' list
Morgan Stanley named its "Vintage Values 2016" list, comprised of the firm's analysts' best ideas to hold over the next 12 months. Included on the list are Ameriprise (AMP), Apple (AAPL), Bank of America (BAC), Comcast (CMCSA), Crown Castle (CC), Estee Lauder (EL), Hilton (HLT), Ingersoll-Rand (IR), LinkedIn (LNKD), Magna (MGA), Marathon Oil (MRO), McKesson (MCK), Oaktree Capital (OAK), Thermo Fisher (TMO) and Visa (V).
08:09 EDTHLTHilton Worldwide to hire 500 work-from-home reservation specialists
Hilton Worldwide announced its plans to recruit 500 full time and part time work-from-home positions to provide inbound reservation support for guests through the Hilton Reservations and Customer Care operation.
07:03 EDTHOTStarwood initiated with a Buy at Canaccord
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07:02 EDTMARMarriott initiated with a Hold at Canaccord
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05:40 EDTHOTStarwood luxury brand to expand European portfolio with four hotel openings
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