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Marriott Q2 Earnings Top Estimates
Tuesday, August 2, 2022 - 9:59am | 278Marriott International Inc (NASDAQ: MAR) reported second-quarter FY22 sales growth of 69.5% year-on-year to $5.34 billion, beating the consensus of $4.92 billion. Comparable systemwide constant dollar RevPAR increased 70.6% worldwide, 66.1% in the U.S. & Canada, and 87.8% in...
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PepsiCo, McDonald's And 2 Other Stocks Insiders Are Selling
Tuesday, August 2, 2022 - 9:30am | 611The Nasdaq Composite dropped around 0.2% on Monday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go...
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Leggett & Platt Cuts FY22 Guidance Citing Macroeconomic Uncertainties
Tuesday, August 2, 2022 - 8:36am | 312Leggett & Platt Inc (NYSE: LEG) reported second-quarter FY22 sales growth of 5% year-on-year to $1.33 billion, in line with the consensus. Organic sales rose 5%. Trade sales from Bedding products rose 1% Y/Y to $612.5 million, Specialized Products increased 8% to $260.1 million...
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McDonald's Bolsters Digital Vision With New Senior Appointment
Monday, August 1, 2022 - 1:24pm | 223McDonald's Corp (NYSE: MCD) has appointed Brian Rice as the Executive Vice President and Global Chief Information Officer (CIO), effective August 31. Rice will report directly to CEO Chris Kempczinski. He had previously served in executive positions in businesses including...
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Alphabet, Coca-Cola And 3 Other Stocks Insiders Are Selling
Monday, August 1, 2022 - 7:30am | 772US crude oil futures traded lower on Monday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on...
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Natural Gas Volatility Continues As Russia And EU Battle Over Energy
Wednesday, July 27, 2022 - 10:51am | 2016(Wednesday Market Open) Investors appear to be bullish despite earnings misses from tech giants and a looming interest rate decision from the Federal Reserve this afternoon. Potential Market Movers After yesterday’s close, Microsoft (NASDAQ: MSFT) reported that it missed big on...
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Walmart To $142? Plus This Analyst Raises Price Target On McDonald's
Wednesday, July 27, 2022 - 9:01am | 543Keybanc raised the price target for McDonald's Corporation (NYSE: MCD) from $285 to $290. However, Keybanc analyst Eric Gonzalez maintained the stock with an Overweight rating. McDonald's shares fell 0.3% to $256.23 in pre-market trading. Citigroup cut the price target on Microsoft...
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Alphabet To $160? Here Are 5 Other Price Target Changes for Wednesday
Wednesday, July 27, 2022 - 8:45am | 255Wells Fargo cut the price target on Alphabet Inc. (NASDAQ: GOOGL) from $170 to $160. However, Wells Fargo analyst Brian Fitzgerald maintained the stock with an Overweight. Alphabet shares rose 4.2% to $109.45 in pre-market trading. Morgan Stanley raised 3M Company (NYSE: MMM) price target from...
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Marriott Picks OpenTable As Preferred Restaurant Technology Provider
Tuesday, July 26, 2022 - 2:22pm | 205Booking Holdings Inc (NASDAQ: BKNG) owned OpenTable has signed a global agreement to become a preferred restaurant technology provider to Marriott International Inc (NASDAQ: MAR). OpenTable serves more than 1,400 restaurants operated by Marriott hotels in properties...
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Nasdaq Tumbles 200 Points; McDonald's Posts Upbeat Q2 Earnings
Tuesday, July 26, 2022 - 12:30pm | 917U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping around 200 points on Tuesday. The Dow traded down 0.58% to 31,803.45 while the NASDAQ fell 1.71% to 11,581.11. The S&P also fell, dropping, 1.10% to 3,923.15. Also check this: Bitcoin Drops Further To This Level...
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Consumers Change Shopping Habits as Inflation Worsens
Tuesday, July 26, 2022 - 11:07am | 2202(Tuesday Market Open) Walmart (NYSE: WMT) expressed worries over inflation last night, causing it to tumble in premarket action and pull equity index futures lower. Potential Market Movers Walmart surprised investors by slashing its Q2 and full-year earnings guidance due to rising...
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McDonald's Reports Mixed Q2 Earnings As Inflation Worries Persist
Tuesday, July 26, 2022 - 8:38am | 254McDonald's Corp (NYSE: MCD) reported a second-quarter FY22 sales decline of 3% year-on-year to $5.72 billion, missing the consensus of $5.82 billion. Global comparable sales rose 9.7%, with a 3.7% growth in the U.S. Systemwide sales increased 4%. Digital Systemwide...
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U.S. Stock Futures Down Ahead Of Big Earnings, Fed Meeting
Tuesday, July 26, 2022 - 5:54am | 749Pre-open movers U.S. stock futures traded lower in early pre-market trade on Tuesday after closing mixed in the previous session. Investors are awaiting earnings results from The Coca-Cola Company (NYSE: KO), Alphabet Inc. (NASDAQ: GOOGL), McDonald's Corporation (NYSE: MCD), Microsoft...
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Bitcoin Drops Further To This Level, Here Are Other Crypto Movers That Should Be On Your Radar
Tuesday, July 26, 2022 - 4:25am | 632Bitcoin (CRYPTO: BTC), the world’s oldest cryptocurrency, declined to the $21,000 mark, recording sharp losses on Tuesday. Ethereum (CRYPTO: ETH), the second-biggest cryptocurrency, meanwhile, fell below the $1,500 level, but remained above $1,400. Several other popular altcoins, including...
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Moderna And 2 Other Stocks Insiders Are Selling
Monday, July 25, 2022 - 7:45am | 570US manufacturing PMI dropped to 52.3 in July from previous reading of 52.70, while services PMI tumbled to 47.00 from 52.70. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the...