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Stock Market & Financial Investment News

News Breaks
February 14, 2014
10:48 EDTH, HOT, IHG, HLT, WYN, CHH, MARHotels 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
Check below for free stories on H;HOT;IHG;HLT;WYN;CHH;MAR the last two weeks.
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July 25, 2014
10:02 EDTHOTOn The Fly: Analyst Downgrade Summary
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05:35 EDTHOTStarwood downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Starwood Hotels to Market Perform saying the CEO's capital allocation strategy is disappointing. The firm keeps an $81-$83 price target range for shares.
July 24, 2014
11:03 EDTHOTStarwood says Q3 North America trends to remain positive
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10:19 EDTWYNHigh option volume stocks
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06:35 EDTWYNWyndham raises FY14 adjusted EPS view to $4.34-$4.44 from $4.23-$4.33
Consensus $4.37. Backs FY14 revenue guidance of $5.25B-$5.53B, consensus $5.31B.
06:33 EDTWYNWyndham reports Q2 adjusted EPS $1.17, consensus $1.14
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06:08 EDTHOTStarwood sees Q3 EPS 62c-65c, consensus 67c
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06:07 EDTHOTStarwood sees FY14 adjusted EPS $2.78-$2.85, consensus $2.84
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06:05 EDTHOTStarwood reports Q2 ex. items EPS 77c, consensus 76c
Reports Q2 revenue $1.54B, consensus $1.54B
06:04 EDTHOTStarwood reports Q2 worldwide systemwide REVPAR for same-store hotels up 5.3%
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July 22, 2014
08:19 EDTHHyatt Hotels announces organization changes
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July 17, 2014
08:01 EDTHHyatt Hotels, Playa Hotels & Resorts to introduce Hyatt Ziva Cancun
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July 15, 2014
09:31 EDTHHyatt opens Hyatt Place Santiago/Vitacura
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