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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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February 18, 2015
18:55 EDTMAROn The Fly: After Hours Movers
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16:36 EDTMARMarriott sees FY15 EPS $3.00-$3.12, consensus $3.03
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16:34 EDTMARMarriott sees Q1 EPS 68c-72c, consensus 66c
For Q1, the company expects comparable systemwide RevPAR on a constant dollar basis will increase 5 to 7% in North America, 4 to 6% outside North America and 5 to 7% worldwide.
16:33 EDTMARMarriott reports Q4 EPS 68c, consensus 65c
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15:35 EDTMARNotable companies reporting after market close
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09:10 EDTMARMarriott volatility increases into Q4 results and outlook
Marriott overall option implied volatility of 25 is near its 26-week average of 23 according to Track Data, suggesting non-directional price movement into the expected release of Q4 on February 19.
07:36 EDTHHyatt Hotels sees opening about 50 hotels in 2015
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07:35 EDTHHyatt Hotels reports Q4 adjusted EPS 31c, consensus 22c
Reports Q4 revenue $1.08B, consensus $1.14B. Comparable owned and leased hotels RevPAR increased 1.9%, or 3.4% excluding the effect of currency, in Q4 compared to the fourth quarter of 2013. Comparable owned and leased hotels operating margins decreased 50 basis points in Q4 compared to the same period in 2013. Comparable systemwide RevPAR increased 3.1%, or 5.1% excluding the effect of currency, in Q4 compared to the fourth quarter of 2013.
06:07 EDTHLTHilton sees FY15 adjusted EPS 78c-83c, consensus 85c
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06:05 EDTHLTHilton sees Q1 adjusted EPS 10c-12c, consensus 15c
Sees Q1 system-wide RevPAR to increase 5%-7%; Sees Q1 adjusted EBITDA $555M-$575M; Sees Q1 management and franchise fees expected to increase 11%-13%.
06:05 EDTHLTHilton reports Q4 system-wide comparable RevPAR up 6.6%
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06:04 EDTHLTHilton reports Q4 adjusted EBITDA up 11% to $668M
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06:04 EDTHLTHilton reports Q4 adjusted EPS 17c, consensus 18c
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February 17, 2015
15:32 EDTHLTNotable companies reporting before tomorrow's open
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14:57 EDTHHyatt Hotels volatility elevated into Q4 and outlook
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14:51 EDTHLTHilton volatility elevated into Q4 and outlook
Hilton February call option implied volatility is at 50, March is at 28, June is at 25; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 18.
11:09 EDTHOTStarwood CEO change a positive for shares, says Wells Fargo
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09:20 EDTHOTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vipshop Holdings (VIPS), up 10.9%... VASCO Data Security (VDSI), up 7.1%... Waste Management (WM), up 3.7%. ALSO HIGHER: Starwood Hotels (HOT), up 1.9% after appointing Adam Aron as interim CEO... Sarepta Therapeutics (SRPT), up 7.3% after being upgraded at BofA/Merrill... Navidea Biopharmaceuticals (NAVB), up 7.5% after publishing results of phase 3 Lymphoseek trial... Campus Crest (CCG), up 7.7% after announcing that it will explore strategic alternatives as well as Clinton Group and Campus Evolution proxy contest... Cyren (CYRN), up 7.1% following distribution agreement with ALSO Deutschland. DOWN AFTER EARNINGS: Helix Energy (HLX), down 13.3%... Walter Energy (WLT), down 10.1%. ALSO LOWER: Celsus Therapeutics (CLTX), down 82.3% after MRX-6 Cream 2% Phase II trial did not meet primary endpoint... Vascular Biogenics (VBLT), down 53.2% after reporting that VB-201 Phase 2 studies did not meet primary endpoints and removal of FDA partial clinical hold on VB-111... Vanguard Natural Resources (VNR), down 7.1% after reporting preliminary fourth quarter results.
07:52 EDTHOTStarwood CEO resignation positive, says Wells Fargo
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06:04 EDTHOTStarwood appoints Adam Aron as interim CEO
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