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Scorching Shares: Trip sell-off JPM new decreased CVX new increased GDRX plunges on earnings
Shares dropped on Tuesday, as ongoing combating in Ukraine sparked a big rise in oil prices. The S&P 500 retreated nearly 1.6%, retracing among the beneficial properties posted late earlier 7 days. The consequences of the Russian invasion of Ukraine rattled giant swaths of the sector. This supplied the holiday sector, wherever airways have been being dragged down by the spike in gasoline costs. Ryanair (NASDAQ:RYAAY), United Airways (NASDAQ:UAL), JetBlue (NASDAQ:JBLU), American Airways (NASDAQ:AAL) and Southwest (NYSE:LUV) all lacking ground, with TripAdvisor (NASDAQ:Tour) and Expedia (NASDAQ:EXPE) additionally placing up noteworthy declines. In the meantime, sanctions from the battle, as very properly as a drop in bond yields, dragged cash shares…
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Marriott Vacations’ (VAC) Q3 Earnings in Line With Estimates
Marriott Vacations Worldwide Corporation VAC reported mixed third-quarter 2021 results, with earnings meeting the Zacks Consensus Estimate and revenues missing the same. Following the announcement, shares of the company dropped 1.4% during trading hours on Nov 8. Despite softness in few markets due to the Delta variant, management stated that it witnessed strong occupancies (at pre-pandemic levels for most of its North America resorts) and solid contract sales. Stephen P. Weisz, CEO, stated, “First time buyers represented more than 30% of contract sales in the third quarter, which is important for the long-term health of the system. The fourth quarter has started well with October contract sales above 2019 levels…
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Holiday earnings forecasts have been lumps of coal so far, and here come the biggest ones
Holiday earnings forecasts are disappointing investors so far, and the biggest boxes under Wall Street’s tree are coming this week. So far in earnings season, a dozen S&P 500 SPX, -0.11 companies have issued earnings guidance, and eight of them have come in lighter than expected. Investors have punished those companies — such as Intel Corp.Health INTC, -11.68, which had its worst day in more than a year Friday following a weak forecast — as well as those outside the index that have disappointed, such as Snap Inc. SNAP, -26.59, which lost nearly a quarter of its market capitalization Friday. The market can withstand those kinds of moves from a…
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