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Marriott has gone essentially nowhere since the pandemic began almost three years ago. But now the hotel giant could be getting ready to move. The first pattern on today's chart is the tight consolidation over the past three weeks. Notice how MAR has stayed above its...
Investors are heading for the hills as inflation rages and geopolitical risks mount. The S&P 500 slid 2.1 percent in the holiday-shortened week between Friday, April 8, and Thursday, April 14. The Nasdaq-100 continued to underperform, dropping more than 3 percent...
After more than a year of waiting, travel stocks may finally be recovering. Companies including Walt Disney (DIS), Expedia (EXPE) and Airbnb (ABNB) have rallied sharply in the last month. Their gains have bucked weakness in the broader market as investors braced for...
From Las Vegas Sands to Live Nation Entertainment and many other stocks, bullish triangles keep popping up in "reopening" plays. Notice how LVS clawed to a new 52-week high above $66 in early March, stalled and then pulled back to previous highs around $60. Also...
The last week of earnings featured mixed results from technology companies and optimism from two prominent travel companies. Cruise-ship operator Royal Caribbean (RCL) and hotel giant Marriott (MAR) predicted demand will continue to recover as the U.S. economy reopens...
Stocks rallied last week on signs of the coronavirus crisis winding down. The S&P 500 began on a weak footing but held a key level from last summer. The index then turned higher and ended up 3.5 percent, its first positive week in the last three. More than...
Don’s Notebook May 9, 2018 Producer prices open three straight days of inflation data. Today’s announcement, the Producer Price Index (PPI) of the Bureau of Labor Statistics (BLS) is a family of indexes that measures the average change over time in the prices received...