Marriott’s Potential Solid Earnings and Square Makes a Big Acquisition
Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging including hotel, residential, and timeshare properties. It is headquartered in Bethesda, Maryland. This week, travel stocks such as Marriott will be a flood of earnings reports. Marriott will be reporting earnings Tuesday before the bell, moreover, some traders have pointed out the technical setup of Marriott being good this week because of a downtrend reversal as well as shares returning right back to their 200-day moving average.
Some have questioned the Centers for Disease Control and Prevention (CDC) tightening mask guidance if these travel stocks would be affected. For example, Chivarone, a portfolio manager, equity strategist and vice president at his firm, said with respect to the push for masks once more “is that going to impact behavior or are consumers going to kind of push through that?
Square, Inc. is an American financial services and digital payments company based in San Francisco, California. The company was founded in 2009 by Jack Dorsey and Jim McKelvey and launched its first platform in 2010. Jack Dorsey, who is also the CEO of twitter founded the platform around 3 years after twitter. Recently Square made a major acquisition of Afterpay Ltd for $29 billion – an Australian fintech company that allows customers to obtain goods and pay off the purchased goods through instalments.
The purchase marks Square’s biggest deal to date and could signal more acquisitions, with Mastercard Inc, Visa Inc, PayPal Holdings Inc and others showing interest in the buy now, pay later (BNPL) industry.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.