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MAR

Marriott

$126.41

-5.32 (-4.04%)

15:40
05/13/19
05/13
15:40
05/13/19
15:40

5K Marriott Jul 130 - Oct 120 put spreads trade $1.05 after earnings

5K Marriott Jul 130 - Oct 120 put spreads trade $1.05 after earnings. The stock down $5 to $126.70 and the diagonal spread apparently closes a matching 5K lot of Jul 130 puts opened for $3.80 on 4/25 with shares $136.10. The stock down 7% since that time and the puts are sold Monday at $6.80 to monetize $1.5M on the 5K lot. Now a new position in Oct 120 puts is being opened, probably part of an ongoing stock hedging strategy, for fear of additional losses through the next earnings cycle in August. Shares slipped 2.8% to $131.71 Friday after its most recent report.

  • 29

    May

MAR Marriott
$126.41

-5.32 (-4.04%)

04/24/19
EVER
04/24/19
DOWNGRADE
EVER
In Line
Marriott downgraded to In Line from Outperform at Evercore ISI
04/24/19
WELS
04/24/19
NO CHANGE
Target $141
WELS
Market Perform
Marriott price target raised to $141 from $123 at Wells Fargo
Wells Fargo analyst Jeffrey Donnelly raised his price target for Marriott (MAR) to $141 from $123 as concerns related to the breach and Starwood integration are fading and he expects the shares can revert to a 5%-10% premium to historical to averages or 15.5-times. In the near-term, the analyst suspects Marriott may have more incremental upside than Hilton (HLT) and Hyatt (H), but an insufficient amount to warrant his strongest rating. He reiterates a Market Perform rating on Marriott's shares.
04/24/19
04/24/19
DOWNGRADE

In Line
Marriott downgraded to In Line on valuation at Evercore ISI
As previously reported, Evercore ISI analyst Rich Hightower downgraded Marriott to In Line from Outperform primarily on valuation. Approaching Q1 earnings season, the analyst finds himself "incrementally negative" on hotel stocks overall - and even more so with respect to the C-Corps than the REITs - given the sector's substantial recent outperformance against the relevant benchmarks, coupled with no obvious shift in fundamentals over the last 60-90 days.
04/24/19
04/24/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Harley-Davidson (HOG) downgraded to Sell from Neutral at Goldman Sachs with analyst David Tamberrino saying he views Harley as the "worst positioned" within his Powersports coverage given its concentration in a "secularly declining" motorcycle market. 2. TowerJazz (TSEM) downgraded to Neutral from Outperform at Credit Suisse with analyst Quang Tung Le saying to reflect ongoing weakness at the company's "key" radio frequency and power customers along with revised three- year deal extension with Panasonic, the analyst reduced his sales estimates. 3. Marriott (MAR) downgraded to In Line from Outperform at Evercore ISI with analyst Rich Hightower saying approaching Q1 earnings season, the analyst finds himself "incrementally negative" on hotel stocks overall - and even more so with respect to the C-Corps than the REITs - given the sector's substantial recent outperformance against the relevant benchmarks, coupled with no obvious shift in fundamentals over the last 60-90 days. 4. Kraft Heinz (KHC) downgraded to Underweight from Neutral at Piper Jaffray with analyst Michael Lavery saying expectations for the company's 2020 earnings are likely too high as it plans divestitures of underperforming businesses, which could be 20c-30c dilutive on a per share basis. 5. Hyatt (H) and Hilton (HLT) downgraded to Market Perform from Outperform at Wells Fargo. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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HA

Hawaiian Holdings

$25.44

0.31 (1.23%)

21:12
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MHK

Mohawk

$112.98

-1.05 (-0.92%)

21:06
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SNV

Synovus

$35.18

-0.78 (-2.17%)

21:01
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BXS

BancorpSouth

$27.49

-0.415 (-1.49%)

20:59
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  • 26

    Aug

UCBI

United Community Banks

$26.63

-0.36 (-1.33%)

20:57
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  • 16

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RNST

Renasant

$33.20

-0.375 (-1.12%)

20:57
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08/20
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  • 23

    Sep

FCCO

First Community

$18.31

(0.00%)

20:57
08/20/19
08/20
20:57
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Initiation
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20:25
08/20/19
08/20
20:25
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20:25
Conference/Events
Cantor Fitzgerald tech analyst to hold an analyst/industry conference call »

Technology & Business…

LOW

Lowe's

$98.04

3.07 (3.23%)

, TGT

Target

$85.57

-0.34 (-0.40%)

20:25
08/20/19
08/20
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

LOW

Lowe's

$98.04

3.07 (3.23%)

TGT

Target

$85.57

-0.34 (-0.40%)

ADI

Analog Devices

$110.35

-0.8 (-0.72%)

PLCE

Children's Place

$78.06

-2.6 (-3.22%)

03/08/13
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  • 21

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GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

, GOOGL

Alphabet Class A

$1,184.26

-15.68 (-1.31%)

19:02
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08/20
19:02
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Periodicals
YouTube intends to end targeted ads on videos aimed at children, Bloomberg says »

In an effort to satisfy…

GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

GOOGL

Alphabet Class A

$1,184.26

-15.68 (-1.31%)

03/08/13
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  • 24

    Sep

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    Oct

HMNY

Helios and Matheson

$0.00

(0.00%)

18:59
08/20/19
08/20
18:59
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18:59
Periodicals
MoviePass exposed card data of thousands of customers, TechCrunch says »

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PLM

PolyMet Mining

$0.34

-0.0125 (-3.60%)

18:49
08/20/19
08/20
18:49
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PolyMet Mining reports court declined to hear petition for environmental review »

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AAL

American Airlines

$25.83

-0.27 (-1.03%)

18:24
08/20/19
08/20
18:24
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Hot Stocks
American Airlines to pay $22.1M to settle DOJ false claims act allegations »

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  • 04

    Sep

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LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

, URBN

Urban Outfitters

$20.93

0.07 (0.34%)

18:17
08/20/19
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Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS:…

LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

URBN

Urban Outfitters

$20.93

0.07 (0.34%)

LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

NRZ

New Residential

$14.14

-0.115 (-0.81%)

NDSN

Nordson

$135.43

-1.79 (-1.30%)

CREE

Cree

$58.19

-0.09 (-0.15%)

SCSC

Scansource

$31.23

-0.56 (-1.76%)

JKHY

Jack Henry

$140.79

-0.72 (-0.51%)

TSLA

Tesla

$225.70

-1.05 (-0.46%)

WMT

Walmart

$112.12

-1.64 (-1.44%)

03/08/13
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  • 20

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    Nov

LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

18:06
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18:06
Hot Stocks
SemiLEDs receives offer from Chinese investor to acquire 680K shares »

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CE

Celanese

$111.76

-0.72 (-0.64%)

18:01
08/20/19
08/20
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Celanese announces ethyl acetate price increase in Europe »

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WMT

Walmart

$112.12

-1.64 (-1.44%)

17:50
08/20/19
08/20
17:50
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17:50
Hot Stocks
Walmart's Furner sells nearly 8,000 common shares »

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  • 15

    Sep

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SPY

SPDR S&P 500 ETF Trust

$290.03

-2.28 (-0.78%)

, SPX

S&P 500

$0.00

(0.00%)

17:49
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17:49
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Periodicals
Bond manager Gundlach says Fed 'has lost control,' Reuters reports »

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SPY

SPDR S&P 500 ETF Trust

$290.03

-2.28 (-0.78%)

SPX

S&P 500

$0.00

(0.00%)

QQQ

Invesco QQQ Trust

$186.99

-1.3 (-0.69%)

DIA

Diamonds Fund ETF

$259.61

-1.71 (-0.65%)

SMH

Market Vectors Semiconductor

$113.43

-0.64 (-0.56%)

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URBN

Urban Outfitters

$20.93

0.07 (0.34%)

17:45
08/20/19
08/20
17:45
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17:45
Earnings
Urban Outfitters CEO says Q2 was 'difficult quarter' for the company »

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  • 20

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17:45
08/20/19
08/20
17:45
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General news
Breaking General news story  »

Federal Reserve Board of…

BA

Boeing

$331.94

-1.82 (-0.55%)

17:41
08/20/19
08/20
17:41
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Boeing awarded $154.89M Army contract modification to procure Apache helicopters »

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  • 03

    Sep

CGC

Canopy Growth

$27.21

0.48 (1.80%)

17:35
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GTEC provides update on acquisition of Canopy Growth cultivation facility »

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WTRH

Waitr Holdings

$1.39

-0.045 (-3.15%)

17:34
08/20/19
08/20
17:34
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Hot Stocks
Waitr Holdings jumps almost 9% after director Tilman Fertitta buys 1M shares »

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  • 05

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