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Wednesday's S&P 500 Sector Recap: Hottest and Coldest Sectors
Wednesday, July 27, 2011 - 4:36pm | 1734The S&P 500 (SPX) took a major hit in Wednesday's trading session, finishing down 27.05 points, or 2.03%, from Tuesday's close to 1304.89. The selling began just after the opening bell, and the index extended its losses throughout the session, closing near the low of the day (1303.49), as...
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Earnings Roundup
Wednesday, July 27, 2011 - 7:43am | 1811Boeing Co (NYSE: BA) reported a 20% rise in its second-quarter profit. Boeing's quarterly profit surged to $941 million, or $1.25 per share, from $787 million, or $1.06 per share, in the year-earlier period. Its revenue gained 6% y/y to $16.54 billion from $15.57 billion. However, analysts were...
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UPDATE: Wyndham Worldwide Reports Upbeat Q2 Profit, Boosts 2011 Forecast
Wednesday, July 27, 2011 - 5:58am | 108Wyndham Worldwide Corp (NYSE: WYN) reported a 20% rise in its second-quarter net income. WYN's quarterly net income surged to $114 million, or $0.67 per share, from $95 million, or $0.51 per share, in the year-earlier period. Excluding one-time items, the company's earnings came in at $0.64 per...
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Rodman & Renshaw Comments on Wyndham Worldwide
Tuesday, July 26, 2011 - 7:50am | 114Rodman & Renshaw has published a report on Wyndham Worldwide Corporation (NYSE: WYN). In the report, Rodman & Renshaw wrote, "WYN reports 2Q11 results Wednesday morning before their 8:30 am EDT conference call. Our current published 2Q11 EPS estimate of $0.55 is a penny below the Street...
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Hospitality Properties Trust Revises and Extends its Contracts with InterContinental Hotels Group
Monday, July 25, 2011 - 4:08pm | 40Hospitality Properties Trust (NYSE: HPT) today announced that it has revised and extended its hotel management contracts with InterContinental Hotels Group, plc (NYSE: IHG).
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Starwood Hotel & Resorts Worldwide Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter
Monday, July 25, 2011 - 12:49pm | 526Starwood Hotel & Resorts Worldwide (NYSE: HOT) announces its next round of earnings this Thursday, July 28, 2011. Here's Benzinga's advanced look at Starwood's second quarter earnings report. Earnings and Revenue: Wall Street expects an EPS of 46 cents per share and revenues of $1.41...
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Bluegreen Corporation Names Gary Byrd Chief Hospitality Officer
Monday, July 25, 2011 - 10:56am | 73Bluegreen Corporation (NYSE: BXG) announced today that Gary Byrd has joined the Company to serve in the newly created position of Chief Hospitality Officer, and Senior Vice President overseeing Resort Operations and Development. Mr. Byrd will be responsible for integrating Bluegreen's Resorts...
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News Summary for July 25, 2011
Monday, July 25, 2011 - 6:51am | 610This is your Benzinga news summary and traders' outlook for Monday, July 25, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower after Congress failed to work out a deal to raise the debt ceiling over...
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Earnings Expectations for the Week of July 25
Sunday, July 24, 2011 - 8:40am | 1439The earnings crunch continues this week even as the month of July winds to a close. Quarterly reports of note scheduled for the week include those from Netflix (NASDAQ: NFLX), United Parcel Service (NYSE: UPS), Exxon Mobil (NYSE: XOM), Starbucks (NASDAQ: SBUX), Merck (NYSE: MRK) and Dow Chemical (...
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Benzinga's Top Pre-Market Gainers
Friday, July 22, 2011 - 6:46am | 102Advanced Micro Devices Inc (NYSE: AMD) shares advanced 9.54% to $7.12 in the pre-market session. AMD swung to Q2 profit. SanDisk Corp (NASDAQ: SNDK) shares advanced 2.36% to $42.55 in the pre-market session. SNDK reported upbeat quarterly results. General Electric Co (NYSE: GE) climbed 1.77% to $...
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Rodman & Renshaw Maintains Marcus Market Outperform, $16 PT
Thursday, July 21, 2011 - 2:03pm | 105Rodman & Renshaw maintained its Marcus (NYSE: MCS) Market Outperform rating and $16 price target in a research report published today. In the report, Rodman & Renshaw states, "Marcus Corporation reported fiscal fourth quarter sales of $92.3 million – 2% ahead of or estimate of $91.5...
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Wednesday's Put/Call Ratio Leaders
Wednesday, July 20, 2011 - 11:55am | 77Here are today's Put/Call Ratio leaders… 1. Vonage Holdings (NYSE: VG) 10,000 puts, 36 calls 2. Virgin Media (NASDAQ: VMED) 2,962 puts, 33 calls 3. Carnival Corp. (NYSE: CCL) 3,297 puts, 132 calls 4. Biosante Pharmaceuticals (NASDAQ: BPAX) 2,761 puts, 170 calls 5. FTI Consulting (NYSE: FCN) 4,319...
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5 Trade Setups While Waiting For The Market To Do Something
Wednesday, July 20, 2011 - 11:46am | 225Quiet day in the market so far, and its not tanking (...yet) and is managing to hold on to yesterday's gains (biggest day of the year for the Dow). I've made a number of trades, today, and overall I'm doing fine on the heals of the breakout we got in Hansen Medical (HNSN) today. By the way, for all...
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UPDATE: KBW Raises PT on Marriott International to $48
Wednesday, July 20, 2011 - 7:33am | 88KBW is out with its report today on Marriott International (NYSE: MAR), raising its PT from $40 to $48 In a note to clients, KBW writes, "We are updating estimates to reflect the stand-alone lodging business post expected timeshare spin-off by year-end 2011. Full-year 2011E EPS unchanged at $1.40...
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Top 4 NYSE Stocks In The Real Estate Development Industry With The Highest Cash
Wednesday, July 20, 2011 - 12:29am | 131Below are the top real estate development stocks on the NYSE in terms of cash. St. Joe Company (The) (NYSE: JOE) had $216.23 million in total cash and $53.94 million in total debt for the latest quarter. IFM Investments Limited (NYSE: CTC) had $79.18 million in total cash and no debt for the...