Hotels, Resorts & Cruise Lines

Home Inns & Hotels Management Inc. (NASDAQ: HMIN) will acquire Motel 168, “China's fifth largest economy hotel chain, with $262M revenue/$60M EBITDA in 2010, for $470M,” Oppenheimer reports. “The acquisition seems to be made at an attractive valuation,” Oppenheimer writes. “Together with Motel...

The Bank of Canada is widely expected to keep the benchmark interest rate at 1.00% in May, but a dovish policy statement is likely to spur a bearish reaction in the loonie as the central bank looks to carry its wait-and-see approach into the second-half of the year. Trading the News: Bank of...

The U.S. dollar recouped some of the losses from the overnight trade, but the drop in market participation may keep the major exchange rates within a narrow range, leaving little in the way of see any major price developments on Monday. Talking Points U.S. Dollar: Recoups Losses On Holiday...

The dollar suffered its worst weekly performance in a month. What initially looked like a promising open to the period, quickly turned into a dramatic decline for the struggling greenback as the few fundamental compliments for the currency have failed to gain traction. Despite the potential...

Citadel is out with its report today on Carnival (NYSE: CCL), and Royal Caribbean Cruises (NYSE: RCL), raising its PT's to $49 and $57 respectively. In a note to clients, Citadel writes, "We continue to value both CCL and RCL on a P/E basis, at multiples of 15.5x and 14.5x 2012E EPS, respectively...

Home Inns & Hotels Management (Nasdaq: HMIN) today announced that it has entered into a definitive agreement to acquire 100% ownership interest in Motel 168 International Holdings Limited ("Motel 168") for a total of US$470 million with approximately US$305 million in cash, and 8.15 million...

Before LinkedIn (NYSE: LNKD) and Russia's Yandex (Nasdaq: YNDX) burst onto the scene with recent IPOs, it was China dominating the Internet IPO landscape with a spate of widely anticipated offerings that had investors feeling all Silicon Valley circa 1998 again. Perhaps one reason why investors...

Cusick's Corner Sorry folks -- the Midday edition was not emailed but it is posted on the blog, www.xpoundblog.com. I did get some emails about what I meant when I said yesterday that the market looks like it will "pop." I was referring to the upside and that is what we saw into the After Hours....

If we were to list the fundamental reasons the dollar should rise going forward, the list for active catalysts would prove relatively short. The capital markets are not rising out of a meaningful recovery in risk appetite. Rather, the weight of fear has simply eased off the investors' shoulders...

Economic activity in the U.S. is expected to increase an annualized 2.2% in the first-quarter amid an initial forecasts for a 1.8% expansion, and the upward revision in GDP could spur a bullish reaction in the U.S. dollar as the outlook for future growth improves. Trading the News: U.S....

The US Dollar continued to build on recent gains in overnight trade as stock losses drove demand for the safe-haven currency. UK GDP figures are in focus in European hours. Overnight Headlines US Dollar Outperforms Overnight as Asian Stocks Follow Wall Street Lower Japan Reports Trade...

Orders for U.S. durable goods are expected to contract 2.5% in April and the decline in private sector consumption is likely to spur a bearish reaction in the greenback as the outlook for future growth deteriorates. Trading the News: U.S. Durable Goods Orders What's Expected: Time of release...

The AUD/JPY pair continues to consolidate within a descending wedge formation that dates back to April 27th. A lack of conviction in today's rally sees a likely reversal of this swing in risk sentiment, with the pair expected to continue to bottleneck into the current wedge formation. The AUD/...

J.P. Morgan Chase & Co. is reaffirming its Overweight rating and a $47 price target on shares of Marriott International (NYSE: MAR). In a note to clients, J.P. Morgan writes, "We are reaffirming our Overweight rating on MAR and believe that current levels represent attractive risk/reward in...

The Dollar is likely to pull back as risk appetite mounts a corrective recovery. The Pound dropped overnight as Moody's threatened to cut UK banks' credit rating. Overnight Headlines British Pound Drops as Moody's Threatens to Cut UK Banks' Credit Ratings NZ Dollar Outperforms as Inflation...