Marriott Stock Rises Near Buy Point With 5 Hotel Earnings On Tap

Marriott International (MAR) and several other hotel stocks plan to report a fourth-quarter earnings this week, as the Covid omicron variant threatens the pandemic return of travel. Marriott stock rose near a buy point, while Wyndham Hotels & Resorts (WH), Hyatt Hotels (H), Hilton Worldwide (HLT) and Choice Hotels International (CHH) were mixed near entries.

When Marriott and its peers report for the fourth quarter, investors will scan results for indications of fresh impact from the fast-spreading omicron variant. In 2021, travel curbs during the coronavirus pandemic hit hotel companies heavily. But in Q3, many hotel stocks saw earnings and sales sharply improve despite the Covid-19 delta variant as travel rebounded with the rise of vaccinations.

Marriott Earnings, Marriott Stock

Estimates: Wall Street sees Marriott earnings rebounding 735% to $1 per share, on an 85% revenue bounce to $4.014 billion, according to FactSet.

Results: Check back early Tuesday.

Shares of Marriott International gained 2.3% to 173.71 on the stock market today, well above the 50-day moving average. Marriott stock cleared a 171.25 cup-with-handle buy point Feb. 8. The 5% buy zone goes to 179.81.

The relative strength line for MAR stock has bolted to a fresh 52-week high, according to MarketSmith chart analysis. However, the relative strength line remains well below all-time highs chalked up in 2019.

Wyndham Hotels Earnings, Wyndham Hotels Stock

Estimates: Analysts expect Wyndham earnings to rebound 667% to 54 cents per share. Sales are seen bouncing 30% to $384.7 million.

Results: Check back late Tuesday.

Shares of Wyndham Hotels added 0.6% to 87.60 Monday, well above the stock’s 50-day line. Wyndham Hotels stock sits 4% below a 91.51 buy point in a flat base formation. The RS line for WH stock hit a new high, which is often a good sign on a Monday ahead of a potential breakout.

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Hyatt Hotels Earnings, Hyatt Hotels Stock

Estimates: Analysts expect Hyatt Hotels to narrow losses to 17 cents per share from a net loss of $1.48 a year ago. Sales are seen rebounding 155% to $1.081 billion.

Results: Check back late Wednesday.

Shares of Hyatt Hotels gained 2.1% to 100.27 Monday, above the 50-day line. Hyatt Hotels stock failed a December breakout past 95.02 but now offers a 99.10 alternate entry, a dime above the Jan. 10 high. The RS line for H stock hit a multimonth high Monday and is now not far from the February 2021 high.

Hilton Worldwide Earnings, Hilton Worldwide Stock

Estimates: Analysts expect Hilton Worldwide earnings of 73 cents per share vs. a loss of 10 cents a year ago. Sales are seen bouncing 103% to $1.807 billion.

Results: Check back early Wednesday.

Shares of Hilton rose 2.3% to 152.95, above the 50-day moving average. Hilton Worldwide stock also failed its latest breakout, but now offers a 159.31 entry, a dime above the Jan. 4 peak from the earlier breakout attempt. The RS line hits a new high Monday as HLT stock works on the new buy point.

Choice Hotels Earnings, Choice Hotels Stock

Estimates: Analysts expect Choice Hotels earnings to rebound 64% to 84 cents per share. Revenue is seen bouncing 42% to $274.9 million.

Results: Check back early Wednesday.

Shares of Choice Hotels eased 0.6% to 147.46 Monday, testing the 50-day line. Choice Hotels stock is carving a cup-shape base with a 157.56 buy point, but much of the pattern has formed below the 50-day line. That can signal possible weakness in the base. The RS line for CHH stock also made a new high Monday ahead of a potential breakout and with earnings on tap.

Find Aparna Narayanan on Twitter at @Ibd_Aparna.


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