Negative Movers: Negative Comments and Profit Taking Weigh On Some Stocks (P, JVA, MAR, BBY, HST)
The markets are trading higher on Thursday after retail sales turned positive in June, increasing by 0.1% and business inventories increased in May by 1%. Some Indexes are falling because of negative analyst comments while others are falling from what appears to be profit-taking.
Today’s Negative tickerspy Indexes
Hotel Stocks (down 2.0% vs S&P 500): Shares of Marriott International (MAR) are leading the Index lower after the company announced that for 2011, it expects EBITDA of $1.135 billion to $1.180 billion and still expects earnings per share to be in the range of $1.35 to $1.45. Analysts are expecting the company to report EBITDA of $1.177 billion and earnings per share of $1.41 for 2011.
Electronics Retailer Stocks (down 1.5% vs S&P 500): Shares of Best Buy Co. (BBY) are falling today on average volume.
A full listing of all the Negative Indexes and related charts and metrics are available at tickerspy.com.
More on this topic (What's this?)
(MAR) Marriott International Beats First Quarter Earnings and Revenues (Stock Blog Hub, 5/15/13)
JVA (Samurai Trader, 6/9/11)
How to Play the Coffee Stock Explosion (Benzinga, 7/6/11)
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