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When your competition inks a great athlete to an endorsement contract, I’d suspect you wouldn’t go out of your way to talk about that said athlete. But, on his blog earlier this week, Bill Marriott, Chairman and CEO of Marriott International, couldn’t stop spouting about the Olympic performance of Michael Phelps, who is a Hilton spokesman.
Stocks have rallied just after 1 pm ET as oil broke through the lows of yesterday ($132). Oil is now down 11 percent from its intraday high last Friday. The overall market rallied, but in particular consumer discretionary stocks (retailers, autos, home builders) rallied. Good examples:
Nearly 1.3 billion shares and $14 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
Following are the day’s biggest winners and losers. Find out why shares of SunPower and Davita popped while Marriot and J.C. Penney dropped.
David Katz at Oppenheimer feels optimistic about some hotel stocks.
Two pieces of positive news this morning: 1) Wal-Mart sales better than expected and raising guidance, and 2) Dow Chemicalspacer buying Rohm and Haas. Jobless claims lower than expected is also a help.
Jon Hilsenrath, money and investing news editor at the The Wall Street Journal, offered CNBC his "5 for 5": the five stocks you must watch this week.
Wall Street is bracing for a big round of second-quarter earnings reports that few expect to deliver good news for the state of corporate America.
With the credit crunch weighing on consumers' wallets, tap water is making a comeback.
Following are the week’s biggest winners and losers. Find out why shares of Wal-Mart and National Semiconductor popped while Wachovia and AT&T dropped.
Unusual options action caught our attention on Wednesday. Find out what’s moving and how you should trade!
Following are the day’s biggest winners and losers. Find out why shares of Quicksilver and Jabil Circuit popped while TiVo and Marriott dropped.
As downgrades to Wall Street banks sent the Dow, Nasdaq and S&P into negative territory, CNBC asked the experts for investing advice.
The housing crisis and soaring energy prices are a concern for the hotel and restaurant industries, and CEOs are already feeling the effects.
What’s the trade as anxious Americans spend less and less on leisure?
Following are the day’s biggest winners and losers. Find out why shares of Heinz and Big Lots popped while Marriott and gold dropped.
They cut their ratings on Marriott, and reduce the price target to $40 from $47. Marriott closed at $34.14. They go further: "...we do not recommend putting new money into lodging with the exception of stocks with unique catalysts."
Could your family road trip lead to sizzling summer trades? Find out about the unlikely places in which the traders see opportunity!
For a long time now, the magic phrase for stocks has been "global exposure." Top leisure industry analyst Robert LaFleur indicates it's as true in his sector as it is anywhere.
Travelers to the Olympic Games this August in China better book airline tickets soon, but a dramatic buildup of Western hotels—many still just coming on-line —should make finding a room less of a challenge.