Market Currents

• Friday, October 9, 2009

• 09:25 AM Marriott (MAR) moves to Buy from Underperform at Bank of America/Merrill Lynch on a "lodging recovery cycle" call. Stock price target raised to $31. Shares are -0.4% to $26.70 premarket. Comment!

• Thursday, October 8, 2009

• 07:10 AM Marriott International (MAR): FQ3 EPS of $0.15 beats by $0.02. Revenue of $2.47B (-16.6%) vs. $2.39B. Company says aggressive promotions led to lower than expected loss on revenue per available room. (PR) 1 Comment
• 00:05 AM Notable earnings before Thursday's open: MAR, PEP Comment!

• Wednesday, September 23, 2009

• 10:54 AM Marriott International (MAR -0.5%) will write down $760M on its timeshare business in the third quarter, as leisure travel and investing fails to pick up. Timeshares are also shrinking as part of Marriott's business, to 14% of revenue from a year-prior 16%. Comment!

• Thursday, July 16, 2009

• 06:49 AM Marriott International (MAR): Q2 EPS of $0.23 beats by $0.02. Revenue of $2.6B (-19.2%) vs. $2.5B. Issues downside guidance: Q3 EPS of $0.09-0.14 vs. $0.20 consensus, FY '09 EPS of $0.76-0.86 vs. $0.91 consensus. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: APH, BAX, BIIB, CY, FCS, GPC, HOG, JPM, MAR, MMR, MTG, NOK, NXY, PPG Comment!

• Monday, April 27, 2009

• 07:45 AM Airline, hotel, and cruise stocks are down in early premarket trading on fears the flu threat could be disastrous for international travel. AMR -16%. UAUA -6.5%. LUV -2%. CCL -8.5%. HOT -6%. MAR -6%. Comment!

• Friday, April 24, 2009

• 09:02 AM Premarket gainers: DDR +34%. F +24%. RVBD +13%. CAKE +13%. RAD +12%. INFA +11%. STAR +10%. AXP +9%. JNPR +8%. HMY +7%. TS +6%. GFI +6%. SLB +6%. LVS +5%. FIG +4%. FIG +4%. MSFT +4%. TOT +4%.
  Losers: UCBH -19%. IBKR -15%. CPN -9%. CYBS -8%. MAR -4%. ACI -4%. NFLX -3%. VOD -3%. SD -3%. Comment!

• Thursday, April 23, 2009

• 06:59 AM Marriott International (MAR): Q1 EPS of $0.24 beats by $0.10. Revenue of $2.5B (-14.8%) in-line. Issues downside EPS guidance for Q2 of $0.20-0.23 vs. $0.26 consensus. Maintains guidance for FY '09 of $0.88-1.02 EPS. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ABC, ALXN, AN, AVT, BDK, BG, BLL, CBE, CIT, CLS, CME, CNX, COP, CP, DHR, DO, EMC, ESI, ESV, EXC, FITB, GMT, GR, HSY, IGT, IVZ, JNS, LCC, LLL, MAR, MI, NCR, NCX, NIHD, NOV, NUE, OMTR, OXY, PENN, PM, PNC, POT, RCL, RS, RSH, RTN, RX, SCG, SEIC, SIAL, STI, SU, SVU, TCB, TMO, UNP, UPS, ZMH 1 Comment

• Thursday, March 19, 2009

• 09:36 AM CSX's (CSX) Greenbrier resort files for bankruptcy, signs asset purchase agreement with Marriott (MAR). CSX +3.8%. MAR +0.2%. There are plenty of vacancies these days at the resort that hosted Judy Garland, the Vanderbilts and the Rockefellers. Comment!

• Thursday, February 12, 2009

• 06:44 AM Marriott International (MAR): Q4 EPS of $0.34 misses by $0.05. Revenue of $3.78B (-7.5%) vs. $3.86B. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: AET, ALXN, BWA, CLI, ECA, ECL, FCL, KO, LH, LIFE, MAR, MAS, NRG, NXY, PCH, PGN, PTEN, SCG, TDC, VIA.B, VTR, WMI Comment!

• Thursday, October 2, 2008

• 09:10 AM Premarket losers: MOS -21%. POT -13%. IPI -11%. CF -11%. TRA -10%. MAR -9%. AGU -9%. GE -8%. AKAM -8%. MON -7.5%. STO -6%. LVS -6%. Comment!
• 07:15 AM Marriott International (MAR): Q3 EPS of $0.34 beats by $0.02. Revenue of $2.96B (+0.7%) in-line. [PR] Comment!
• 00:05 AM Notable earnings before Thursday's open: MAR, STZ Comment!