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Tag: HST

  • Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    On February 17, American stock exchanges closed in different directions. The S&P 500 index dropped by a purely symbolic 0.03%, to 3931 points, the NASDAQ lost 0.58%, and the Dow Jones added 0.29%. Retail sales rose sharply in January thanks to direct payments to the public, which supported the bullish sentiment. The market saw a capital flow from growth stocks to value stocks, which made the IT sector an outsider, losing 1.03%. The energy sector remained among the leaders and grew by 1.45% amid rising oil prices.

    Company news

    QuantumScape (QS: + 31.4%) announced a breakthrough in the development of next generation solid state batteries.

    Popular website builder Wix.com’s quarterly results (WIX: + 8.1%) exceeded expectations, as did the company’s forecasts for 2021.

    Shopify’s (SHOP: -3.3%) revenue and operating numbers were above consensus, but the stock is up more than 25% YTD, so investors have taken profits.

    Today, global stock exchanges are showing mostly negative dynamics. The published minutes of the FRS meeting, held on January 26-27, fully coincided with the expectations of investors. The meeting participants did not discuss the reduction of the asset purchase program, since macroeconomic indicators do not allow even considering such a possibility. The factor of ultra-soft monetary policy has been in the field of view of investors for a long time, so the degree of its influence is gradually decreasing.

    Note that positive data on retail sales in January (+ 5.3% mom) confirmed the effectiveness of fiscal stimulation by direct payments to the population. The stimulus package currently under discussion includes direct payments of $ 1,400, more than double the previous subsidy. In this regard, a similar increase in consumer spending can be expected in April and May.

    In the short term, a correction in the S&P 500 index is not ruled out, since a sharp rise in bond yields and the prospects for an early opening of the economy may lead to some capital outflow from the US tech sector. Cyclical sectors can look stronger than the market.

    The data on the issued building permits for January will be published today. A slight decrease is expected compared to the previous month, when the highest level in more than 10 years was recorded (forecast: 1.678 million, previous value: 1.704 million). The real estate market remains in excellent shape, so a slight slowdown in construction growth will only protect it from overheating.

    The Freedom Finance Sentiment Index remains at 78 out of 100. The indicator reflects the hope of market participants for a recovery in the global economy in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospects for mass vaccinations.

    Technically, the S&P 500 is still in an uptrend. The upper limit of this trend still limits the growth potential of the broad market index. On the eve of the “bulls” showed weakness, which, however, turned out to be short-lived. In the short term, a correction or consolidation is likely, as the RSI indicator is forming a bearish divergence near the overbought zone.

    Today Top Movers

    Tilray Inc (TLRY) stock ascended 8.19% at $34.09 in the pre-market trading today after the company declared financial results for the full fiscal year and fourth quarter ended December 31, 2020.

    Avinger Inc (AVGR) gained over 58.58% at $2.68 in pre-market ‎trading on Thursday.‎‎ Avinger, Inc. to be issued US Patent No. 10,932,670 by the US Patent and Trademark Office on 3/2, titled: OPTICAL PRESSURE SENSOR ASSEMBLY.

    Onconova Therapeutics Inc (ONTX) grew over 15.23% at $1.74 in pre-market trading ‎today following the closing of a $28.75 million public offering of common stock.

    Luokung Technology Corp (LKCO) stock moved up 14.02 percent to $2.52 in the pre-market ‎trading. The firm recently declared a $100 million registered direct offering priced at the market under Nasdaq Rules.‎

    Top Upgrades & Downgrades

    Berenberg turned bullish on STMicroelectronics N.V. (STM), upgrading the stock to “Hold”. 

    Mohawk Industries Inc. (MHK) has won the favor of Credit Suisse’s equity research team. The firm upgraded the shares from Underperform to Neutral and moved their price target to $180. 

    Wells Fargo & Company (WFC) received an upgrade from analysts at JPMorgan, who also set their one-year price target on the stock to $37. They changed their rating on WFC to Neutral from Underweight in a recently issued research note. 

    Earlier Thursday Kepler Cheuvreux reduced its rating on TechnipFMC plc (FTI) stock to Hold from Buy and assigned the price target to 8.21. 

    Credit Suisse analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Noble Midstream Partners LP (NBLX) has been changed to Neutral from Outperform and the new price target is set at $13.5. 

    Analysts at Baird downgraded Kratos Defense & Security Solutions Inc. (KTOS)’s stock to Neutral from Outperform Thursday.

    Latest Insider Activity

    Freeport-McMoRan Inc. (FCX) VP Controller & Financial Rptg WHITMIRE C DONALD JR announced the sale of shares taking place on Feb 12 at $30.84 for some 48,240 shares. The total came to more than $1.49 million. 

    Marvell Technology Group Ltd. (MRVL) CEO and President MURPHY MATTHEW J sold on Feb 16 a total of 282,328 shares at $53.20 on average. The insider’s sale generated proceeds of almost $0.4 million. 

    New York Community Bancorp, Inc. (NYCB) Director Rosenfeld Ronald A. declared the purchase of shares taking place on Feb 09 at $10.63 for some 5,000 shares. The transaction amount was around $53,169. 

    CVS Health Corporation (CVS) Director LUDWIG EDWARD J bought on Feb 17 a total 14,334 shares at $72.00 on average. The purchase cost the insider an estimated $216,000.

    Important Earnings

    Top US earnings releases scheduled for today include Barrick Gold Corporation (NYSE: GOLD). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.31 per share from revenues of $3.27B in the three-month period. 

    Analysts expect Walmart Inc. (NYSE: WMT) to report a net income (adjusted) of $1.51 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2021 is predicted to come in at $148.47B. 

    Host Hotels & Resorts Inc. (HST), due to announce earnings after the market closes today, is expected to report earnings of -$0.42 per share from revenues of $243.28M recently concluded three-month period.

  • 10 Trending Stocks In Hotel And Motel Industry To Watch

    10 Trending Stocks In Hotel And Motel Industry To Watch

    The Hotels & Motel Industry is continuously progressing as this industry managed to attract customers with its unique services. This industry is highly competitive and to remain in this business it is necessary for all businesses to keep up with the latest trends and adopt new technologies. Maintaining pace with fast-growing industries is the best way to ensure a better customer experience.

    This year we have witnessed several changes in the hotel & motel industry. In 2020, the hotel industry will be impacted by the new wave of digital technologies and striving to implement the new trends in the business. The hotel and motel industry is looking to shift focus towards the new environment in order to satisfy the need of customers. Hotels industry aimed to improve the satisfaction of its guests and will be entering into the new level of competitiveness.

    Here are the top 10 leading companies in the hotel and motel industry that need your attention:

    Host Hotels & Resorts Inc. (NYSE: HST)

    Host Hotels & Resorts Inc. (NYSE: HST) shares were trading up 3.20% at $11.94 at the time of writing on Friday. Host Hotels & Resorts Inc. (NYSE: HST) share price went from a low point around $7.86 to briefly over $18.85 in the past 52 weeks, though shares have since pulled back to $11.94. HST market cap has remained high, hitting $8.16B at the time of writing, giving it a price-to-sales ratio of more than 2.

    Host Hotels & Resorts Inc HST priced an offering of additional 3.50% senior notes due 2030, with an aggregate principal amount of $150 million. Host Hotels & Resort Inc anticipated getting proceeding of $146 million after deducting the underwriting discounts and other expenses. If we look at the recent analyst rating HST, Morgan Stanley upgraded coverage on HST shares with an Equal-weight rating and a $12.13 price target, which implies room for 0.19% upside momentum this year.

    DiamondRock Hospitality Company (NYSE: DRH)

    DiamondRock Hospitality Company (NYSE: DRH) stock soar by 6.24% to $5.79. The most recent rating by SunTrust, on July 24, 2020, is at a Sell. DiamondRock Hospitality Company has earlier disclosed that it has chosen Michael A. Hartmeier to the board of directors effective October 1, 2020. He has been a trusted advisor to the company for many years. Michael’s extensive experience in the capital market and M&A is necessary for the company. DiamondRock Hospitality Company has a market capitalization of $1.09 billion at the time of writing.

    Service Properties Trust (NASDAQ: SVC)

    Service Properties Trust (NASDAQ: SVC) stock soar by 3.10% to $8.82. Service Properties Trust (SVC) has earlier announced the addition of 103 hotels in its portfolio. It has disclosed that it will transfer the branding and management of 103 hotels to Sonesta International Hotels Corporation, or Sonesta, from InterContinental Hotels Group plc (NYSE: IHG), or IHG. It has announced the termination of management agreement with InterContinental Hotels Group Plc. Service Properties Trust market capitalization has remained high, hitting $1.41 billion at the time of writing.

    Park Hotels & Resorts Inc. (NYSE: PK)

    Park Hotels & Resorts Inc. (NYSE: PK) last closed at $10.59, in a 52-week range of $3.99 to $27.03. Analysts have a consensus price target of $9.42. It has moved up 165.41% from its 52-weeks low and moved down -60.82% from its 52-weeks high. Park Hotels & Resorts Inc market capitalization has remained high, hitting $2.34 billion at the time of writing.

    Sunstone Hotel Investors Inc. (NYSE: SHO)

    Sunstone Hotel Investors Inc. (NYSE: SHO) Shares headed rising, higher as much as 2.39%. The most recent rating by Evercore ISI, on August 10, 2020, is at an Outperform. Sunstone Hotel Investors Inc.  This company’s stock has fluctuated between the low of $5.75 and a high of $14.47.  Sunstone Hotel Investors Inc has traded up 49.04% from its 52-weeks low and traded down -40.77% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 2.40.

    Apple Hospitality REIT Inc. (NYSE: APLE)

    Apple Hospitality REIT Inc. (NYSE: APLE) rose 3.54% after gaining more than $0.38 on Friday. Apple Hospitality REIT Inc. (APLE) has a total market capitalization of $2.39 billion at the time of writing. Focusing on the profitability of Apple Hospitality Inc, it has a return on assets of -0.20%, return on investment of 4.80%, and return on equity of -0.30%.

    RLJ Lodging Trust (NYSE: RLJ)

    RLJ Lodging Trust (NYSE: RLJ) last closed at $10.05, in a 52-week range of $3.88 to $18.17. Analysts have a consensus price target of $10.70. RLJ Lodging Trust (RLJ) has moved up 159.02% from its 52-weeks low and moved down -44.69% from its 52-weeks high. RLJ Lodging Trust market capitalization has remained high, hitting $1.59 billion.

    Pebblebrook Hotel Trust (NYSE: PEB)

    Pebblebrook Hotel Trust (NYSE: PEB) Shares headed rising, higher as much as 4.31%. The most recent rating by Barclays, on June 22, 2020, is at an Equal-weight. Pebblebrook Hotel Trust (PEB) has a 52-weeks low and high range of $5.39 and $29.57, respectively. It has moved up 147.12% from its 52-weeks low and moved down -54.95% from its 52-weeks high. Pebblebrook Hotel Trust (PEB) has a market capitalization of $1.67 billion at the time of writing.

    Summit Hotel Properties Inc. (NYSE: INN)

    Summit Hotel Properties Inc. (NYSE: INN) rose 3.07% after gaining more than $0.18 on Friday. Summit Hotel Properties Inc. (INN) stock oscillated between the 52-weeks low range of $2.32 and a high range of $12.59. It has traded up 160.78% from its 52-weeks low and traded down -51.95% from its 52-weeks high. This company has a total market capitalization of $620.43 million.

    Hersha Hospitality Trust (NSYE: HT)

    Hersha Hospitality Trust (NYSE: HT) last closed at $6.71, in a 52-week range of $2.29 to $15.42. Analysts have a consensus price target of $5.68. Hersha Hospitality Trust (HT) market capitalization has remained high, hitting $250.62 million at the time of writing.