MAR – 24/7 Wall St.

Posts for Ticker ‘MAR’

The Hardest Working Brands for 2009: The Year Of The Dog

A look at the “hardest working” major brands for 2009 shows that a number of them belong to companies which have done poorly and, in at least one case, may file Chapter 11. This is due to the definition of a hard-working brand, which is based on the ratio of its value to the market capitalization of its parent company.

CoreBrand reviewed the top 100 hardest working brands for the final quarter of 2009. Their researchers point out that “the food industry moves to the top of the list, reflecting the economy and the general improvement of consumer staples businesses. Hershey’s (HSY), Campbell Soup (CPB), and Kellogg (K) make it into the top 5.” On the other hand “troubled industries like financial services and auto manufacturers have seen dramatic decline.”

Harley-Davidson (HOG) is in the top 10 among the hardest working brands. Before rumors of a buy-out, the motorcycle firm’s stock languished at $25, down from $42 less than two years ago. Harley’s stock trades for a low 1.2 times sales. Also near the top of the list is crippled book retailer Barnes & Noble (BKS), which trades for .3 times sales. Blockbuster (BBI) is in the top 25, with a ratio of .1x sales. The firm said in its 10-K that it is at risk for filing Chapter 11.

Posted on: March 17, 2010 – 3:46 pm in Research, AAPL, AET, ALL, AM, AVP, AXP, BA, BBBY, BBI, BDK, BKS, BMY, CAJ, CAL, CBS, CL, COF, CPB, CVS, CVX, DAL, DD, DELL, DIS, DTV, EBAY, EK, EL, F, FDX, GE, GIS, GOOG, GPS, GT, HD, HMC, HNZ, HOG, HON, HRB, HRL, HSY, JCP, JNJ, K, KFT, KO, KSS, L, LIZ, LOW, LZB, MA, MAR, MAT, MCD, MOT, MS, MSFT, NYT, ODP, OMX, PBI, PC, PEP, PG, PM, PZZA, RAD, RL, S, SBUX, SCHW, SHLD, SLE, SNE, SPLS, SUN, T, TGT, TIF, TM, TSN, TXN, UPS, V, VZ, WAG, WEN, WHR, WMT, WU, XOM, XRX

Women’s Group Lauds Reverse Discrimination At Major Companies

Reverse discrimination is alive and well among large corporations which offer access to women’s businesses that results in a high volume of commerce for female-controlled firms. The Women’s Business Enterprise National Council “Top Corporations” program honors companies for “world-class programs that create level playing fields for women’s business enterprises to compete for corporate contracts.”

“Our Top Corporations are world-class leaders generating growth through partnerships with women’s business enterprises,” said Linda Denny, president and CEO of WBENC. That may be good news for women’s business enterprises, but bad news for companies that compete with them. Read More »

Posted on: February 11, 2010 – 9:38 am in Research, ALU, CAR, CVX, DELL, HD, IBM, JNJ, MAR, MSFT, ODP, PEP, PFE, T, UPS, VZ, XOM

Short Sellers Move Back Into Financial Shares, Ignore Tech: Flee Apple (AAPL), Google (GOOG) And Amazon (AMZN)

Short sellers sharply increased their gamble that financial stocks would fall based on short selling data from NYSE and Nasdaq on the last day of November.

Shorts pushed into Citigroup (NYSE:C), increasing their positions by 11% to 216 million shares making the bank stock the most shorted among all US companies. Bets against Bank of America (NYSE:BAC) rose 13% to 75.5 million shares and 2% against Wells Fargo (NYSE:WFC) to 77.2 million.

Short selling made very large gambles against the big companies in the retail sector probably based on the belief that holiday sales will be weak. Shares short in Wal-Mart (NYSE:WMT) rose 37% to 28.2 million. The short interest in Macy’s (NYSE:M) was up 13% to 40 million shares. Shares short in Barnes & Noble (NYSE:BKS) rose 15% to 17.1 million The short interest in Office Depot (NYSE:ODP) was higher by 20% to 21.7 million, and shares sold short in Nordstrom (NYSE:JWN) were up 15% to 21.8 million. However, shares short in e-commerce leader Amazon (NASDAQ:AMZN) dropped by 13% to 17.1 million. Read More »

Posted on: December 9, 2009 – 6:52 pm in Short Interest, AAPL, AMZN, BAC, BKS, C, CSCO, DAL, DELL, ERTS, GOOG, INTC, JAVA, JWN, LUV, M, MAR, MSFT, NVDA, ODP, ORCL, PALM, RIMM, SYMC, WFC, WMT

Can Hyatt IPO Beat Current IPO Doldrums? (H, HOT, MAR)

Late Friday night, after a really poor market day, Hyatt Hotels issued an amended S-1 for its planned initial public offering. Because of last week’s market volatility, we are getting mixed signals about both the ultimate pricing and about which night the hotel operator will price its deal. The deal is still set for 38 million shares in a price range expected as $23.00 and $26.00. The company will also trade under the ticker “H” on the NYSE.

Hyatt is controlled by the Pritzker family. It has a huge underwriting syndicate with Goldman Sachs as lead manager. Co-managers are listed as Deutsche Bank, J.P. Morgan, Bank of America Merrill Lynch, Citigroup, UBS, HASBC, Piper Jaffray, Wells Fargo, and Scotia Capital. Other companies also listed on the prospectus are Robert W. Baird, Loop Capital Markets, M.R. Beal, Ramirez & Co., Siebert Capital Markets, and The Williams Capital Group. The underwriting group has an overallotment option to purchase up to an additional 5.7 million shares of common stock.

The mid-point of this IPO will generate roughly a $4.11 billion market cap, and the net tangible book value as of September 30, 2009 was approximately $4.5 billion (roughly $26.98 per share). This is less than 80% of the value of Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) $5.4 billion market cap and less than half of Marriott International, Inc. (NYSE: MAR) $9 billion market cap.
Read More »

Posted on: November 2, 2009 – 12:45 pm in Entertainment, IPOs, Private Equity, REIT, H, HOT, MAR

The 100 Hardest Working Brands In The World

There are a number of ways to rank brand values. One of the most important is the level at which a brand contributes to the market value of a public company.

24/7 Wall St. asked Corebrand, the brand research and consulting firm, to look at the top 100 brands based their contribution to market capitalizaton. Using this method, the hardest working brand was Hershey (NYSE:HSY), followed by Coca-Cola (NYSE:KO) and Harley-Davidson (NYSE:HOG)

Corebrand described the process briefly to 24/7 Wall. St.

24/7 Wall St.: Corebard often refers to the brands on this list as the”hardest working brands”. How did you come to that description?

Corebrand: There are a lot of people measuring and examining the “strongest brands” or the “most valuable brands”. Our opinion is that examining one without the other is somewhat meaningless. How “strong” a brand is nice to know but not very relevant unless you understand how that strength benefits business. Similarly, “value” is little more than a measure of corporate size unless you understand the drivers of that value and how to influence it. By examining the strength of the brand and it’s contribution to total market value, we can help companies and their leadership manage that strength and value over time.

24/7 Wall St.: Is there any advantage or disadvantage to having a brand value be a very large percentage of market cap in the present and as an indication of a company’s future performance?

Corebrand: The brand will need to be in balance with the rest of the company’s assets. A company should strive to have it’s brand strong enough to fend off competitors or changing market conditions but not so strong that it becomes overly dependent on the brand as a single driver of value. If a company can achieve and maintain its appropriate maximum strength without becoming over-dependent, it will see greater returns in bull markets and retain greater value in bear markets.

The list: Read More »

Posted on: October 20, 2009 – 5:06 pm in Research, Uncategorized, AAPL, AET, ALL, AM, AVP, AXP, BA, BBBY, BDK, BGP, BKS, BMY, CAJ, CAL, CL, COF, CPB, CVS, CVX, DAI, DD, DELL, DIS, DLM, EBAY, EK, EL, F, FDX, FUJIY, GE, GIS, GOOG, GPS, GR, GT, HD, HMC, HNZ, HOG, HRB, HRL, HSY, IBM, JCP, JNJ, K, KFT, KO, KSS, L, LIZ, LOW, LZB, MAR, MAT, MCD, MOT, MS, MSFT, NKE, NSANY, NYT, ODP, PBI, PBY, PEP, PG, PZZA, RAD, RL, RSH, S, SBUX, SCHW, SHW, SKS, SLE, SNE, SPLS, SUN, T, TBL, TGT, TIF, TM, TSN, TUP, TXN, UPS, VZ, WAG, WEN, WHR, WMT, XOM, XRX, YHOO

Top Analyst Upgrades (AKS, BMY, CREE, JPM, LRCX, MAR, RIMM, SVNT, SE, VIA)

These are this Friday morning’s top Wall Street analyst upgrades and positive research calls:

AK Steel (AKS) Raised to Buy at Deutsche Bank.
Bristol-Myers (BMY) Started as Outperform at Wells Fargo.
Cree (CREE) Started as Overweight at JPMorgan
J.P. Morgan (JPM) Started as Strong Buy at Raymond James.
Lam Research (LRCX) Raised to Outperform at Credit Suisse.
Marriott (MAR) Raised to buy at BofA/Merrill Lynch.
Research in Motion (RIMM) Raised to Outperform at R.W. Baird.
Savient Pharma (SVNT) Raised to Outperformat Oppenheimer.
Spectra Energy (SE) Raised to Conviction Buy List at Goldman Sachs.
Viacom (VIA) Raised to Overweight at Piper Jaffray.

You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
October 9, 2009

Posted on: October 9, 2009 – 7:43 am in Analyst Calls, AKS, BMY, CREE, JPM, LRCX, MAR, RIMM, SE, SVNT, VIA

Media Digest (10/9/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: Chinese investors are holding a large amount of gold.

Reuters: Bernanke sees tighter policies as the economy improves.

Reuters: The Congressional Oversight Panel says that the US plan to help homeowners with mortgages is not enough.

Reuters: The FDIC questioned a review of Citigroup (NYSE:C) management. Read More »

Posted on: October 9, 2009 – 3:54 am in Press Digest, MSFT, JPM, C, GE, INTC, BRK, BAC, IBM, FNM, FRE, NWS, GS, CVX, BKS, NVDA, BA, MAR, WYNN, MON, GKS

Top Analyst Upgrades (AET, AMZN, AMX, BJ, CAL, ERTS, FO, FPIC, HUM, MAR, HOT)

These are this Wednesday morning’s top analyst upgrades and positive research calls that we have seen from Wall Street:

Aetna (AET) Raised to Neutral at Goldman Sachs.
Amazon.com (AMZN) Raised to Buy at BofA Merrill Lynch.
America Movil (AMX) Started as Outperform at Wells Fargo.
BJ’s Wholesale (BJ) Raised to Overweight at Barclays.
Continental (CAL) Raised to Buy at Argus.
Electronic Arts (ERTS) Raised to Outperform at FBR.
Fortune Brands (FO) Raised to Buy at Goldman Sachs.
FPIC Insurance (FPIC) Raised to Outperform at Oppenheimer.
Humana (HUM) STarted as Buy at Collins-Stewart.
Marriott Hotels (MAR) Started as Buy at Citigroup.
Starwood Hotels (HOT) Started as Buy at Citigroup.

You can join our open email distribution list which goes out several times per week for top analyst upgrades and downgrades, top day trader alerts, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: September 16, 2009 – 8:22 am in Analyst Calls, AET, AMX, AMZN, BJ, CAL, ERTS, FO, FPIC, HOT, HUM, MAR

The 100 Most Valuable Brands Of 2009?

Several consulting firms post annual figures for the world’s most valuable brands. The two best known are probably the Interbrand and BrandZ surveys. They are notably different, up until now at least. BrandZ includes a number of large brands from Asia. Interbrand does not.

24/7 Wall St. has put together a list of the most valuable brands of 2009 by looking at valuation calculations from a number of sources. Then a base valuation was taken from the 2008 Interbrand data to fix values for this year and changes from last.

Most methods take into account the future earnings of a brand for its parent company. This is fundamentally a guess particularly during a turbulent period in the global economy. Interbrand’s rule is that a brand most get at least a third of its revenue from outside its country-of-origin. That is arbitrary, particularly as it apply to brands in China.

24/7 Wall St. has made the assumption that the value of most brands have been hurt log-term by the deep recession. Forward earnings estimates for many of the firms on this list show that. Those brands which post value improvements show much more modest increases than they would be in a stable economy.

Looking at the Interbrand list from last year, it is fair to ask why firms like Nissan, Wal-Mart (WMT) and Red Bull are not present.

Because the brands on this list are taken from names on the Interbrand survey, we have not made a calculation about which companies may be new to their list in 2009 or which may drop off.

Public firms which are part of this ranking include (KO)(IBM)(MSFT)(GOOG)(GE)(NOK)(TM)(INTC)(MCD)(DIS)(HPQ)(AXP)(C)(HMC)(ORCL)(AAPL)(SNE)(PEP)(HBC)(NKE)(UPS)(FDX)(SAP)(DELL)(JPM)(GS)(KL)(EBAY)(SI)(F)(AIG)(AMZN)(CAT)(AVP)(RIMM)(GPS)(TIF)(BP)(SBUX)(JNJ)(MAR)(V)

The 100: Read More »

Posted on: September 13, 2009 – 9:01 pm in Research, FDX, MCD, SBUX, MSFT, AAPL, AIG, CAT, JPM, C, GE, INTC, AXP, IBM, BP, GOOG, DELL, TM, KO, NOK, V, DIS, SNE, RIMM, JNJ, GS, HMC, AVP, HBC, TIF, SAP, ORCL, GPS, AMZN, MAR, NKE, JPQ, KL

Top Analyst Upgrades and Downgrades (BBY, CPLA, GS, HGSI, MAR, SNDK, SGMS)

These are the top pre-market upgrades and downgrades seen early this Monday morning ahead of the earnings season rush:

Best Buy (BBY) Raised to Outperform at Oppenheimer.
Capella Education (CPLA) Cut to Neutral at Creedit Suisse.
Goldman Sachs (GS) Raised to Buy by Meredith Whitney.
Human Genome Science (HGSI) Cut to Neutral at UBS.
Marriott (MAR) Raised to Outperform at JMP Securities.
Royal Bank of Scotland (RBS) Raised to Neutral from Sell at UBS.
SanDisk (SNDK) Raised to Overweight at Thomas Weisel.
Scientific Games (SGMS) Raised to Overweight at JPMorgan.

Jon C. Ogg
July 10, 2009

Posted on: July 13, 2009 – 6:50 am in Analyst Calls, BBY, CPLA, GS, HGSI, MAR, SGMS, SNDK

Media Digest 6/17/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: Obama proposed sweeping reform for financial industry.

Reuters: A number of large banks repaid TARP. (JPM)(GS)(BBT)(COP)(STT)(AXP)(USB)

Reuters: Consumer prices show inflation is in check.

Reuters: China could still be a big buyer of US debt.

Reuters: NYSE will create a derivatives clearing house. Read More »

Posted on: June 18, 2009 – 3:07 am in Press Digest, AAPL, AIG, AMZN, AXP, BBT, BHP, COP, CVC, DB, ETFC, FDX, GE, GOOG, GS, INTC, JPM, MAR, MDT, MHP, MS, MSFT, NYT, NYX, RTP, SLM, STT, T, UAUA, USB, WPI

Top Analyst Upgrades & Downgrades (AMGN, CS, BEAT, DV, MAR, MSFT, RIMM, SPWRA, TOL)

These are among the top research calls and analyst upgrades and downgrades we have seen early this Friday morning with over two hours until the open:

Amgen (AMGN) Raised to Outperform at Baird.
Credit Suisse (CS) Raised to Neutral at UBS.
CardioNet (BEAT) Started as Underperform at Jefferies.
Devry (DV) Cut to Neutral at Baird.
Marriott (MAR) Cut to Market Perform at FBR.
Microsoft (MSFT) Raised to Overweight at Morgan Stanley.
Research In Motion (RIMM) Raised to Buy at Citigroup.
Sunpower (SPWRA) Cut to Sell from Neutral at Merriman Curhan Ford.
Toll Brothers Inc. (TOL) Cut to Market Perform at KBW.

JON C. OGG

Posted on: April 24, 2009 – 6:30 am in Analyst Calls, AMGN, BEAT, CS, DV, MAR, MSFT, RIMM, SPWRA, TOL

Media Digest 4/14/2009 Reuters, WSJ, NYTime, FT, Barron’s

According to Reuters, Ebay’s (EBAY) shares are cheap by many measures but investors are avoiding the company, while Amazon’s (AMZN) are so expensive that investors are concerned.

Reuters reports that the SEC will examine whether Bank of America (BAC) broke the law by failing to disclose Merrill Lynch bonuses.

Reuters reports that Obama will tap the Fannie Mae (FNM) CEO to run the TARP.

Reuters writes that Fed official Fisher says the China will not do anything to hurt the US economy because of the critical bonds between them

Reuters reports that Chrysler creditors may ask for equity in a company that combines it with Fiat.

Reuters reports that Goldman Sachs (GS) beat forecasts and will raise $5 billion to pay TARP obligations. Read More »

Posted on: April 14, 2009 – 2:56 am in Press Digest, AMR, AMZN, BAC, DIS, EBAY, FNM, GM, GS, HBC, MAR, MET, SYX

Early Analyst Calls (CHTR)(HON)(AEO)(MAR)

Charter Communications (CHTR) was downgraded to "sell" at Citigroup.

Honeywell (HON) was downgraded to "hold" at Argus.

American Eagle (AEO) was startes as "buy" by Pali.

Posted on: December 29, 2008 – 7:43 am in Analyst Calls, AEO, CHTR, HON, MAR

Companies Hit Hardest By Credit Crisis (AAPL)(SIRI)(CC)(DIS)(WMT)(MCD)

Updated: 31 October 2008

Not all companies and industries will be hit equally hard by the consumer credit crisis. Operations such as Procter & Gamble (PG), McDonald’s (MCD), and Wal-Mart (WMT) may be safe. They either sell things people can’t do without or offer inexpensive goods and services that consumers can afford during a tough period. McDonald’s reported earnings today and its same-store sales were up in every region.The stock traded up on a day when the overall market was swamped by selling.

If the credit crisis gets substantially worse and only the most stable companies with the highest credit ratings have access to cash, some will not be able to maintain inventory. Other firms will be affected because their target consumers no longer have any discretionary income. The head of AutoNation (AN), the largest car dealer chain in the US, said that even his prime customers cannot get bank loans for new cars in many cases. "The banks are looking for every excuse possible to say no and they are saying no to good customers," Reuters quotes him as saying.

Neither set of companies has a bright future, but the ones who cannot finance their operations and inventories face almost immediate consequences

Posted on: October 2, 2008 – 8:01 pm in Economy, AAPL, AMZN, AN, AXP, CC, CHTR, DIS, GCI, GHS, MAR, MCD, MSFT, PG, SIRI, SNE, SWY, TIF, TM, TUES, UA, WMT, WYNN

Top 10 Pre-Market Analyst Calls (BMY, MAR, MS, NRG, OMRI, SNCR, TRMB, TSN, MTN, XNPT)

These are ten of the analyst calls we are focusing on this Wednesday morning in pre-market trading:

Bristol-Myers (NYSE: BMY) cut to Neutral at Cowen.
Marriott (NYSE: MAR) cut to Perform at Oppenheimer.
Morgan Stanley (NYSE: MS) Raised to Outperform from Market Perform at Wachovia.
NRG Energy (NYSE: NRG) Cut to Neutral at Credit Suisse.
Omrix (NASDAQ: OMRI) Cut to Neutral from Buy at UBS.
Synchronoss Tech (NASDAQ: SNCR) started as Buy at Brean Murray.
Trimble Navigation (NASDAQ: TRMB) Cut to Neutral from Overweight at JP Morgan.
Tyson Foods (NYSE: TSN) Raised to Outperform from Market Perform at Wachovia.
Vail Resorts (NYSE: MTN) started as Buy at Banc of America.
XenoPort (NASDAQ: XNPT) Started as Buy at Goldman Sachs

Jon C. Ogg
June 4, 2008

Posted on: June 4, 2008 – 6:53 am in Analyst Calls, BMY, MAR, MS, MTN, NRG, OMRI, SNCR, TRMB, TSN, XNPT

Top 10 Pre-Market Analyst Calls (ALU, CHS, LONG, IFX, JNPR, MAR, MFA, NSC, SNDA, VVUS)

These are ten of the analyst calls we are focusing on this Thursday morning:

Alcatel-Lucent (NYSE: ALU) Raised to Neutral from Sell at Goldman Sachs.
Chico’s FAS (NYSE: CHS) cut to Sell at Citigroup.
eLong (NASDAQ: LONG) Cut to Sell from Hold at Citigroup.
Infineon (NYSE: IFX) Cut to Reduce at Oppenheimer.
Juniper Networks (NASDAQ: JNPR) cut to Neutral at UBS; started as Hold at Lazard.
Marriott International (NYSE: MAR) Cut to Equalweight at Morgan Stanley.
MFA Mortgage (NYSE: MFA) raised to Outperform at Keefe Bruyette Woods.
Norfolk Southern (NYSE: NSC) Raised To Buy from Neutral at Merrill Lynch.
Shanda Interactive (NASDAQ: SNDA) Cut to Hold from Buy at Citigroup.
Vivus (NASDAQ: VVUS) cut to Market Perform at Wachovia.

Jon C. Ogg
May 29, 2008

Posted on: May 29, 2008 – 6:55 am in Analyst Calls, ALU, CHS, IFX, JNPR, LONG, MAR, MFA, NSC, SNDA, VVUS

The 52-Week Low Club (DAL)(AMR)(LCC)(UAUA)

Delta Air Lines Inc (DAL) Fuel costs, faltering earnings. Drops to $6.70 from 52-week high of $21.85.

AMR (AMR) Another airline. Sells off to $7.05 from 52-week high of $29.47.

US Airways Group (LCC) Fly boys. Down to $6.75 from 52-week high of $45.65.

UAL (UAUA) Ditto. Dips to $12.78 from 52-week high of $51.60.

Omnicell (OMCL) Cuts profit outlook. Down to $11 from 52-week high of $31.12.

Novellus Systems (NVLS) Drop in Q1 profit. Sells down to $20 from 52-week high of $34.

Douglas A. McIntyre

Posted on: April 22, 2008 – 2:55 pm in HI/LOW, DAL, LCC, MAR, NVLS, OMCL, UAUA

Top 10 Pre-Market Analyst Calls (CAT, CRUS, EQ, HCCI, MAR, MTG, PPC, R, SLB, WFC)

These are not the only calls that will be impacting stocks, but these are the initial calls that 247WallSt.com is focusing on this Monday morning:

Caterpillar (NYSE: CAT) Cut to Neutral from Outperform at Credit Suisse.
Cirrus Logic (NASDAQ: CRUS) Cut to Hold from Buy at Jefferies.
Embarq (NYSE: EQ) Raised to Outperform at Wachovia.
Heritage-Crystal Clean (NASDAQ: HCCI) started as Buy at Piper Jaffray.
Marriott (NYSE: MAR) Cut to Neutral from Buy at Goldman Sachs.
MGIC Investment Corp (NYSE: MTG) Raised to Outperform from Peer Perform at Bear Stearns.
Pilgrims Pride (NYSE: PPC) Raised to Outperform from Neutral at Credit Suisse.
Ryder System (NYSE: R) Cut to Neutral from Outperform at Baird.
Schlumberger (NYSE: SLB) Raised to Overweight from Equal Weight at Morgan Stanley.
Wells Fargo (NYSE: WFC) cut to Underperform from Perform at Oppenheimer.

Jon C. Ogg
April 21, 2008

Posted on: April 21, 2008 – 6:20 am in Analyst Calls, CAT, CRUS, EQ, HCCI, MAR, MTG, PPC, R, SLB, WFC

The 52-Week Low Club (FNSR)(CNXT)

CDC Corp (CHINA) Ugly earnings. Falls to $4.15 from 52-week high of $11.45.

Finisar ((FNSR) No recent news. Fiber optic equipment maker falls to $1.38 from 52-week high of $4.21.

Conexant (CNXT) Second day of sell-off. Down to $.92 from 52-week high of $2.20

Retail Ventures (RVI) Bad quarter. Sells off to $4.15 from 52-week high of $23.30.

Quiksilver (ZQK) Apparel company drops outlook. Drops to $8.87 from 52-week high of $16.08.

Black & Decker (BDK) Housing hurts financial results. Down to $71.95 from 52-week high of $97.01.

Marriott (MAR) Travel stocks continue to sell off. Down to $31.34 from 52-week high of $52.

Starwood Hotels (HOT) Ditto. Weekly hotel room revenue numbers weak. Drops to $46.22 from 52-week high of $75.45.