에 대한 최신 뉴스 Marriott Intl (NASDAQ:MAR) 주식

Marriott Intl

Marriott International

NYSE

Marriott operates 1.7 million rooms across roughly 30 brands. At the end of 2023, luxury represented roughly 10% of total rooms, premium 42%, select service was 46%, midscale 1%, and other 1%. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represented 97% of total rooms as of Dec. 31, 2023. North America makes up 63% of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.

Marriot International

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CNN 머니 공포 및 탐욕 지수(CNN Money Fear and Greed index)는 전체 시장 심리가 개선되었음을 나타냈지만, 지수는 금요일에 &#34;중립&#34; 구역에 머물렀다. 미국 주식은 금요일에 상승 마감했다. 투자자들이 최근의 고용 데이터를 소화하는 중이었다.

미국 주식은 고용 데이터 이후 상승, 아마존 실적 발표 후 급등: 공포 지수는 &#39;중립&#39;에 위치

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월요일 아침 (현지 시간 기준) 미국 주식 선물 거래가 혼조세를 보이고 있는 가운데, 오늘 투자자들의 관심을 끌 수 있는 일부 주식은 다음과 같다:1. 월스트리트는 콘스텔레이션 에너지(NASDAQ:CEG)이 개장 전에 57억 1천만 달러의 매출과 57억 1천만 달러의 주당 2.64달러의 분기 이익을 보고할 것으로 예상하고 있다. 콘스텔레이션 에너지의 주가는 시간외 거래에서 5.5% 하락한 243.99달러를 기록했다.

월요일 주목해야 할 주식: 메리어트, 콘스텔레이션 에너지, 츄이, 윈 리조트 및 셀라니즈

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지난주 기술계는 모두가 주목해야 할 이슈들이 많은 일주일이었다. 일론 머스크가 오픈AI의 영리기업 전환에 대해 우려를 표명한 것부터 빌 게이츠가 AI 챗봇 챗GPT를 극찬한 일까지, 기술 업계의 거물들이 우리를 긴장하게 만들었다. 한편, 애플의 전 디자인 구루인 존 아이브(Jony Ive)는 오픈AI CEO인 샘 올트먼과 함께 새로운 AI 하드웨어 프로젝트를 진행하고 있다고 확인했다.

주간 주요 인공지능 뉴스: 머스크의 샘 올트먼에 대한 불평, 게이츠의 AI 애정 등

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TD Cowen analyst Kevin Kopelman maintains Marriott Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) with a Buy and lowers the price target from $295 to $283.

Price Target

Analyst Ratings

TD Cowen Maintains Buy on Marriott Intl, Lowers Price Target to $283

Bernstein analyst Richard Clarke maintains Marriott Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) with a Outperform and raises the price target from $262 to $290.

Bernstein Maintains Outperform on Marriott Intl, Raises Price Target to $290

Wall Street rallied on Tuesday as improved investor sentiment aligned with millions of Americans casting their votes <a href="https://www.benzinga.com/topic/2024-election">for the 47th president.</a>
Betting markets leaned slightly toward Donald Trump, with CFTC-regulated Kalshi placing Trump's win probability at 56% compared to Kamala Harris's 44%.
National polls show a close contest, with the latest New York Times/Siena College poll indicating both candidates tied at 48% in the popular vote.
The S&amp;P 500 climbed 1.2%, while the tech-focused Nasdaq 100 surged 1.5%, marking its strongest one-day increase in nearly a month. 
All 11 sectors of the S&amp;P 500 experienced gains, with consumer discretionary stocks outperforming. Small caps also joined the rally, with the Russell 2000 index gaining 1.1%.
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) led the S&amp;P 500, with shares soaring after the artificial intelligence company surpassed quarterly earnings estimates and provided strong guidance.
In macroeconomic news, U.S. services sector activity hit over two-year highs <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41750522/us-services-sector-gauge-rises-more-than-expected-to-over-2-year-highs-as-employm">in October, outperforming expectations</a>.
Treasury yields increased by 5 basis points, while the dollar declined for a second consecutive session.
Gold edged up 0.3%, hovering near record highs, and oil prices gained 1.2% after a 3.2% surge on Monday.
Crypto sentiment was strong as well, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) jumping 4.5% to over $70,000 and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) spiking 12%.
Read also: <a href="https://www.benzinga.com/markets/24/11/41741466/if-trump-and-republicans-sweep-dollar-may-climb-7-but-harris-win-could-bring-5-drop-says-jpmorgan">If Trump And Republicans Sweep, Dollar May Climb 7% — But Harris Win Could Bring 5% Drop, Says JPMorgan</a>
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,259.62</td>
<td>1.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,779.38</td>
<td>1.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,244.40</td>
<td>1.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,191.93</td>
<td>1.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.1% to $575.87.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.9% to $421.79.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 1.4% to $492.61.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.1% to $222.47.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, rising 1.7%. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, up 0.4%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul>
<li>Vertex Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>), up 4.8%</li>
<li>Palantir Technologies Inc., up 22.8%</li>
<li>NXP Semiconductors NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), down 6.8%</li>
<li>Diamondback Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), down 1.6%</li>
<li>American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), down 2.3%</li>
<li>Illumina Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), down 0.5%</li>
<li>Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), up 6.2%</li>
<li>Emerson Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>), up 6.8%, </li>
<li>Marathon Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), up 3.9%, </li>
<li>Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>), up 8.8%, </li>
<li>Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>), 4.7%,</li>
<li>YUM! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>), up 2.5%, </li>
</ul>
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Wall Street Rallies On Election Day, Palantir Skyrockets, Bitcoin Tops $70,000: What's Driving Markets Tuesday?

Mizuho analyst Ben Chaiken maintains Marriott Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) with a Neutral and raises the price target from $233 to $246.

Mizuho Maintains Neutral on Marriott Intl, Raises Price Target to $246

BMO Capital analyst Ari Klein maintains Marriott Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) with a Market Perform and raises the price target from $255 to $265.

BMO Capital Maintains Market Perform on Marriott Intl, Raises Price Target to $265

Macquarie analyst Chad Beynon maintains Marriott Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) with a Neutral and maintains $245 price target.

Macquarie Maintains Neutral on Marriott Intl, Maintains $245 Price Target

Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS guidance below <a href="https://www.benzinga.com/quote/MAR/earnings">estimates on Monday</a>.
The company reported a third-quarter adjusted EPS of $2.26, missing the street view of $2.31. Quarterly sales of $6.26 billion marginally missed the analyst consensus of $6.27 billion.
CEO Anthony Capuano highlighted Marriott&#8217;s strong quarter, noting solid net room and fee growth, active development, and a 3% rise in global RevPAR. He added that third-quarter international RevPAR increased by 5.4%, driven by substantial growth in APEC and EMEA regions, steady domestic and cross-border demand, and strong ADR gains.
Marriott expects fourth-quarter 2024 gross fee revenues to range between $1.29 billion and $1.31 billion, with adjusted EPS projected to be $2.31-$2.39, compared to a $2.31 estimate.
Marriott projects full-year 2024 adjusted EPS of $9.19-$9.27 (prior $9.23-$9.40), compared to the $9.36 estimate, with gross fee revenues of $5.126 billion-$5.146 billion (prior $5.13 billion-$5.18 billion).
Marriott shares fell 1.6% to close at $256.43 on Monday.
These analysts made changes to their price targets on Marriott following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5967569b988ca8000127b8de/michael-bellisario">Baird analyst Michael Bellisario</a> maintained Marriott Intl with a Neutral and raised the price target from $258 to $264.</li>
<li>Barclays analyst Brandt Montour maintained the stock with an Equal-Weight and raised the price target from $240 to $249.</li>
</ul>
Considering buying MAR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="544" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05092444/image-32-1024x544.png" alt="" class="wp-image-630414" style="width:646px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05092444/image-32-1024x544.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05092444/image-32-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05092444/image-32-768x408.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05092444/image-32.png 1217w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/news/24/11/41743859/top-3-consumer-stocks-that-may-keep-you-up-at-night-this-quarter">Top 3 Consumer Stocks That May Keep You Up At Night This Quarter</a></li>
</ul>

Marriott Analysts Boost Their Forecasts After Q3 Earnings

Barclays analyst Brandt Montour maintains Marriott Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) with a Equal-Weight and raises the price target from $240 to $249.

Barclays Maintains Equal-Weight on Marriott Intl, Raises Price Target to $249

Baird analyst Michael Bellisario maintains Marriott Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) with a Neutral and raises the price target from $258 to $264.

Baird Maintains Neutral on Marriott Intl, Raises Price Target to $264

The U.S. stock market struggled to gain momentum on Monday as investors remained cautious ahead of <a href="https://www.benzinga.com/topic/election-day">Election Day on Tuesday</a>. 
Vice President Kamala Harris holds a 1-point lead over ex-President Donald Trump, according to the New York Times national polling average; she has a 4-point lead among likely voters nationally, <a href="https://maristpoll.marist.edu/polls/u-s-presidential-contest-november-2024/">according to the latest PBS News/NPR/Marist poll</a>.
Betting markets, as tracked by the CFTC-regulated Kalshi, favor a Trump win at a 53% chance, <a href="https://www.benzinga.com/general/politics/24/11/41702729/harris-surges-in-prediction-markets-nabs-kalshi-lead-with-just-three-days-to-go">but with diminishing odds</a> compared to previous weeks. Also, the betting odds are susceptible to wild swings from so-called "whale" bettors, including one individual on Polymarket <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41463756/polymarket-to-review-user-base-in-light-of-whales-betting-millions-on-trump-election-win" target="_blank" rel="noreferrer noopener">who spent as much as</a> $43 million on a Trump victory.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41717129/polymarkets-all-time-leading-trader-bets-over-500-000-on-kamala-harris-slams-nate-silver-f">Polymarket&#8217;s All-Time Leading Trader Bets Over $500,000 On Kamala Harris, Slams Nate Silver For Including &#8216;Fake Poll&#8217; Data In Model</a>
&#8220;Neither candidate holds a meaningful edge in enough states to win 270 electoral votes. In the history of modern polling, there's never been a race where the final polls showed such a close contest,&#8221; said Nate Cohn, chief political analyst for the New York Times. 
The S&amp;P 500 slipped 0.2%, while the Dow dropped 0.6%, hitting its lowest intraday level since mid-September. In contrast, small-cap stocks in the Russell 2000 outperformed, rising 1%. The Nasdaq 100 also retreated, dipping below the 20,000 mark.
Treasury yields fell by nearly 10 basis points as investors scaled back positions linked to Trump&#8217;s inflationary policies, such as high tariffs and more expansionary fiscal measures. The dollar also weakened, down 0.5%.
The increasing likelihood of a Harris victory gave a boost to solar and renewable energy stocks, with the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) climbing 3.6%. 
Oil and gas stocks also gained, as crude prices surged 3% after OPEC+ postponed an anticipated production hike. Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) jumped 3%, marking its largest single-day gain since late June.
Gold held steady at $2,740, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell over 1%, dropping below $68,000.
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,230.95</td>
<td>1.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,715.31</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,978.22</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,807.92</td>
<td>-0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.1% to $570.22.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.5% to $418.44.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.2% to $486.77.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.1% to $221.27.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, rising 1.7%. The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.5%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul>
<li>Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>), down 3.9%, </li>
<li>Constellation Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NYSE">CEG</a>), down 10.5%, </li>
<li>Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>), down 1.8%, </li>
<li>Fidelity National Information Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>), down 0.4%, </li>
<li>Public Service Enterprise Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>), down 5.9%, </li>
<li>TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>), down 5.5%. </li>
<li>Fox Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>), up 3.7%, </li>
<li>YUM China Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>), up 7.9%, </li>
<li>Loews Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/L#NYSE">L</a>), down 4.8%, </li>
</ul>
Stocks slated to report earnings after the close are Vertex Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), NXP Semiconductors NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), Diamondback Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), Illumina Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Hologic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>) and Astera Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>).
Now Read:
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<li><a href="https://www.benzinga.com/news/24/11/41702887/harris-takes-lead-in-red-state-iowa-in-shock-poll">Harris Takes Lead In Red State Iowa In Shock Poll</a></li>
</ul>
Image: Shutterstock

Mid Cap

ALAB

HOLX

Wall Street Struggles Ahead Of Election Day, Energy Sector Outperforms, Solar Stocks Rise: What's Driving Markets Monday?

Live On CNBC, Josh Brown Says "Marriott Set To Break Out"

Welcome to the most important week of trading in 2024! If you think this is an overstatement, I challenge you to find a better one. The General Election is on Tuesday, and whether we see the results of who will occupy the White House by Wednesday morning or not, we will have chosen a route at the fork in the road. 
Pre-market futures are flat currently: the Dow is -17 points while the S&amp;P 500 is +6 and the Nasdaq +3 points. Bond yields are now a lukewarm +4.28% on the 10-year and +4.135% on the 2-year. When returns begin coming in Tuesday evening, we may then start to see the stock market wrangle a new direction.
<h2>Election Tuesday; Election Results&hellip;?</h2>
Whether Donald Trump returns to office as only the second non-consecutive two-term President (Grover Cleveland, 1884 and 1892) or Vice President Kamala Harris steps to the fore as the 47th president, based on how close polling data remains, we may not know the answer until sometime after Wednesday morning. Recall that in 2020, Joe Biden wasn&#39;t officially declared the winner until Saturday morning of Election Week.
There are far too many variables currently to fashion a market response, and we should be OK with this, near-term. The S&amp;P in 2024 so far is up +20% &mdash; not too shabby for an economy that was supposed to be mired in a deep recession at this time.
<h2>Fed Rate Decision Thursday</h2>
The last time the Federal Open Market Committee (FOMC) got together, back in mid-September, it cut interest rates for the first time since March 2020, when they were pulled to 0-0.25% ahead of the Covid pandemic. Coming down 50 (basis points) bps instead of the widely expected 25 bps, the Fed funds rate was brought down to 4.75-5.00%. Thursday&#39;s move lower will be the first time we&#39;ve had sub-5% interested rates since February 2023.
We&#39;ve had a month and a half&#39;s worth of economic data between that last cut and Thursday&#39;s pending decision, and based on a mere 12K new jobs filled in October alone, it looks like a 25 bps trim is baked into the cake. The market&#39;s already there, although not in a mood to bid higher until after these heavy shoes drop.
<h2>Q3 Earnings Season Heats Up, Post-Marquee Names Reporting</h2>
Far too many companies are reporting to properly shake a stick at, so here&#39;s a few choice results which caught our eye this morning:
Marriott (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mar#NASDAQ">MAR</a>) posted slight misses on both top and bottom lines this morning, with Q3 earnings of $2.26 per share missing the Zacks consensus by 5 cents. Revenues of $6.26 billion were -0.45% below analysts&#39; expectations. Shares are down -2% on the news.
<a href="https://www.zacks.com/stock/news/2363563/wall-street-awaits-u-s-presidential-election-fomc-meeting?cid=CS-BENZ-FT-economic_highlights-2363563">To read this article on Zacks.com click here.</a>

Government

General

Wall Street Awaits U.S. Presidential Election, FOMC Meeting

Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) shares dropped Monday following third-quarter earnings <a href="https://www.benzinga.com/news/earnings/24/11/41714051/marriott-international-q3-earnings-china-market-weakness-drags-on-performance-adjusts-full-year-out">that missed expectations</a>. Despite a decline, the stock appears to have found support at a key price level, reflecting &#8220;market memory.&#8221;
Sometimes, a price level that had previously been resistance can turn into a support level months later, as you can see on the Marriott chart, which is why our team of technical analysts and traders has made it our Stock of the Day.
In July, Marriott&#8217;s stock was trending higher as demand outpaced supply, pushing buyers to drive the price up to attract sellers.
When the shares reached the $254 level, the dynamic changed. There was more than enough stock for sale. Every buy order could be filled without pushing the price higher.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="541" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04113450/MAR-chart-1024x541.png" alt="" class="wp-image-628361" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04113450/MAR-chart-1024x541.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04113450/MAR-chart-300x158.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04113450/MAR-chart-768x406.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04113450/MAR-chart-1536x811.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04113450/MAR-chart.png 1581w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Also: <a href="https://www.benzinga.com/markets/equities/24/11/41704748/tesla-investors-confuse-valuation-and-stock-price-says-gary-black-as-investor-sees-recovery-in-s">Tesla Investors Confuse &#8216;Valuation And Stock Price,&#8217; Says Gary Black As Investor Sees Recovery In Stock</a>
But then some of the sellers worried that other sellers would undercut them. They knew the buyers would go to whoever was willing to sell for the lowest price, so they reduced the prices at which they were willing to sell.
Other worried sellers saw this and did the same. This caused a snowball effect, driving the shares into a downtrend.
Marriott broke the resistance at $254 in early October and moved higher. When this happened, many of the traders and investors who sold their shares at the resistance thought they had made a mistake. A number of them decided to buy their shares back.
But they would only do so if they could get them for the same price they were sold.
Now that the stock has reversed and dropped back to around $254, many of these remorseful sellers are placing buy orders. The large concentration of these orders has created support around a price level that had previously been resistance.
Read Next: 
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41715076/oil-prices-spike-by-over-3-as-opec-delays-production-increases-ahead-of-us-electi">Oil Prices Spike By Over 3% As OPEC+ Delays Production Increases Ahead Of US Elections: 5 Energy ETFs To Watch Monday</a></li>
</ul>
Photo: Shutterstock

Technicals

Stock Of The Day: Can 'Market Memory' Support Marriott After Earnings Miss?

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 200 points on Monday.
The Dow traded down 0.63% to 41,787.93 while the NASDAQ fell 0.04% to 18,233.26. The S&amp;P 500 also fell, dropping, 0.18% to 5,718.35.
Check This Out: <a href="https://www.benzinga.com/news/24/10/41653495/top-2-real-estate-stocks-you-may-want-to-dump-this-quarter">Top 2 Real Estate Stocks You May Want To Dump This Quarter</a>
Leading and Lagging Sectors Energy shares rose by 2% on Monday.
In trading on Monday, utilities shares fell by 1.1%.
Top Headline
Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS guidance below estimates.
The company reported a third-quarter adjusted EPS of $2.26, missing the street view of $2.31. Quarterly sales of $6.26 billion marginally missed the analyst consensus of $6.27 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Nuwellis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) shares shot up 126% to $3.0800 after the company announced preliminary third-quarter financial results.</li>
<li>Shares of Simpple Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) got a boost, surging 72% to $0.5514.</li>
<li>Advent Technologies Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) shares were also up, gaining 68% to $3.2001 after the company announced its RHyno project secured a €34.5 million grant from the EU Innovation Fund to advance fuel cell and hydrogen technology.</li>
</ul>
Equities Trading DOWN
<ul>
<li>1847 Holdings LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#NYSE">EFSH</a>) shares dropped 38% to $0.2894. The company on Friday announced a 1-for-15 reverse stock split of its common shares, effective November 11.</li>
<li>Shares of The E.W. Scripps Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) were down 35% to $2.2850 following downbeat quarterly earnings.</li>
<li>Fundamental Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGF#NASDAQ">FGF</a>) was down, falling 29% to $15.51.</li>
</ul>
Commodities In commodity news, oil traded up 2.4% to $71.16 while gold traded down 0.1% at $2,746.70.
Silver traded down 0.2% to $32.625 on Monday, while copper rose 1.4% to $4.4355.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.2%, Germany's DAX fell 0.4% and France's CAC 40 fell 0.4%. Spain's IBEX 35 Index fell 0.1%, while London's FTSE 100 rose 0.3%.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Hong Kong's Hang Seng Index gaining 0.30%, China's Shanghai Composite Index gaining 1.17% and India's BSE Sensex falling 1.18%.
Economics
U.S. factory orders declined by 0.5% from the previous month to $584.2 billion in September compared to a revised 0.8% fall in August.
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<li><a href="file:///C:/Users/Avi%20Kapoor/Desktop/Benzinga/Top%202%20Utilities%20Stocks%20That%20May%20Crash%20This%20Quarter">Top 2 Utilities Stocks That May Crash This Quarter</a></li>
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Eurozone

Intraday Update

EFSH

NUWE

SPPL

Dow Falls Over 200 Points; Marriott Posts Downbeat Earnings

Marriott Executive Says U.S. And Canada RevPAR Expected To Fall 300 Basis Points In November, 100 Basis Points In Q4 Due In Part To Election

Marriott Executive Expects Stronger RevPAR Growth In Q4 For Most International Markets Compared To U.S. And Canada; Greater China Anticipated To See Negative RevPAR For Q4 And FY24, With Limited Impact From China's Stimulus

Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) stock fell Monday after its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41709563/marriott-international-reports-third-quarter-2024-results" rel="noreferrer noopener">third-quarter print</a>.
The company reported a third-quarter adjusted EPS of $2.26,&nbsp;missing the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">street view of $2.31</a>. Quarterly sales of $6.26 billion marginally missed the&nbsp;analyst consensus of $6.27 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/11/41710271/roaring-kitty-stock-chewy-set-to-join-s-p-midcap-400-index-will-replace-stericycle" rel="noreferrer noopener">Roaring Kitty Stock Chewy Set to Join S&amp;P MidCap 400 Index, Will Replace Stericycle</a>
RevPAR in the U.S. and&nbsp;Canada&nbsp;increased 2.1%, and RevPAR in international markets increased 5.4%, as Greater China RevPAR declined 7.9%.
Adjusted EBITDA for the quarter was $1.23 billion, up from $1.14 billion in the year-ago period.
Base management and franchise fees totaled&nbsp;$1.12 billion&nbsp;in the quarter, up 7%. Incentive management fees totaled&nbsp;$159 million&nbsp;in the 2024 second quarter, compared to&nbsp;$143 million a year ago.
At the end of the quarter, Marriott's global development pipeline included around 3,800 properties and over 585,000 rooms.
This total comprises approximately 34,000 rooms approved but not yet under signed contracts, with more than 220,000 rooms currently under construction.
At the end of the quarter, Marriott's total debt was&nbsp;$13.6 billion, and cash and equivalents totaled&nbsp;$0.4 billion.
CEO Anthony Capuano highlighted Marriott's strong quarter, noting solid net room and fee growth, active development, and a 3% rise in global RevPAR. He added that third-quarter international RevPAR increased by 5.4%, driven by substantial growth in APEC and EMEA regions, steady domestic and cross-border demand, and strong ADR gains.
Outlook: Marriott expects fourth-quarter 2024 gross fee revenues to range between $1.29 billion and $1.31 billion, with adjusted EPS projected to be $2.31-$2.39,&nbsp;compared to <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">a $2.31 estimate</a>.
Marriott projects full-year 2024 adjusted EPS of $9.19-$9.27 (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40070674/marriott-shares-drop-5-despite-q2-eps-beat-slashed-fy24-outlook-disappoints-investors" rel="noreferrer noopener">prior $9.23-$9.40</a>), compared to the $9.36 estimate,&nbsp;with gross fee revenues of $5.126 billion-$5.146 billion (prior $5.13 billion-$5.18 billion).
Marriott International stock gained close to 18% year-to-date.
Price Action:&nbsp;MAR stock is down 1.37% to $257.00 premarket at last check Monday.
Also Read:
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<li><a href="https://www.benzinga.com/government/24/11/41685490/nvidias-run-ai-acquisition-draws-european-regulatory-scrutiny-on-competition-concerns" target="_blank" rel="noreferrer noopener">Nvidia's Run:ai Acquisition Draws European Regulatory Scrutiny On Competition Concerns</a></li>
</ul>
Photo by gerd-harder via Shutterstock

Guidance

Movers

Marriott International Q3 Earnings: China Market Weakness Drags on Performance, Adjusts Full-Year Outlook

WIIM

Marriott International shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY24 adjusted EPS guidance below estimates.

Marriott Sees FY24 Adj. EPS $9.19-$9.27 Vs $9.36 Estimate

Marriott Sees Q4 2024 Adj. EPS $2.31-$2.39

Marriott International (MAR) has disclosed a new risk, in the Debt & Financing category. Marriott International faces a potential business risk ass...

Marriott International Faces Regulatory Risks Over Unregistered Equity Sales

In a report released today, Brandt Montour from Barclays maintained a Hold rating on Marriott International (MAR – Research Report), with a price t...

Marriott International (MAR) Gets a Hold from Barclays

Barclays raised the firm's price target on Marriott (MAR) to $249 from $240 and keeps an Equal Weight rating on the shares post the Q3 report. The ...

Marriott price target raised to $249 from $240 at Barclays

Baird raised the firm's price target on Marriott (MAR) to $264 from $258 and keeps a Neutral rating on the shares. The firm said they have an incre...

Marriott price target raised to $264 from $258 at Baird

In a report released today, Lizzie Dove from Goldman Sachs maintained a Buy rating on Marriott International (MAR – Research Report). The company's...

Goldman Sachs Keeps Their Buy Rating on Marriott International (MAR)

Mizuho raised the firm's price target on Marriott (MAR) to $246 from $233 and keeps a Neutral rating on the shares post the Q3 report. The concern ...

Marriott price target raised to $246 from $233 at Mizuho

TD Cowen lowered the firm's price target on Marriott (MAR) to $283 from $295 and keeps a Buy rating on the shares. The firm said its Fees were a li...

Marriott price target lowered to $283 from $295 at TD Cowen

Bernstein raised the firm's price target on Marriott (MAR) to $290 from $262 and keeps an Outperform rating on the shares. The firm notes it took a...

Marriott price target raised to $290 from $262 at Bernstein

BMO Capital raised the firm's price target on Marriott (MAR) to $265 from $255 and keeps a Market Perform rating on the shares. The company's Q3 EP...

Marriott price target raised to $265 from $255 at BMO Capital

Macquarie analyst Chad Beynon has maintained their neutral stance on MAR stock, giving a Hold rating today. Chad Beynon has given his Hold rating d...

Cautious Hold: Evaluating Marriott's Financial Performance and Market Conditions

Press Releases

Marriott International Announces Expansion of the City Express by Marriott Brand into the United States & Canada

Real Estate

Marriott International, FibraHotel, Fibra Danhos and Beyond Ventures Announce the Highly Anticipated Return of The Ritz-Carlton Brand to Cancun

Marriott International Announces Release Date For Third Quarter 2024 Earnings

Marriott International Signs Agreement to Debut The Luxury Collection and AC Hotels to Shenzhen, a Major Hub in Southern China

Marriott International Announces Global Launch of Connect Responsibly with Marriott Bonvoy Events

Entertainment

MGM RESORTS INTERNATIONAL AND MARRIOTT INTERNATIONAL SIGN AGREEMENT TO LAUNCH W LAS VEGAS

Marriott International Announces the Addition of Almare, a Luxury Collection Resort, Isla Mujeres, Adult All-Inclusive, its 500th Property in the Caribbean and Latin America

UNITE HERE Park Hotels Monitoring Website Now Includes "Review Summaries"

Marriott International Reports Third Quarter 2024 Results

THE RITZ-CARLTON, NAPLES DEBUTS "NYE BLACK-TIE GALA" WITH ACCLAIMED JAZZ SENSATION STELLA COLE

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Marriott Intl

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월요일, 11월 04, 2024

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