Road trip! That’s the battle cry for millions of Americans with a bad case of pandemic cabin fever. Travel industry companies from cruise lines to hotels are growing as the number of travelers gradually increases. Thursday Relative Strength Rating (RS) for highly rated hotel chain Marriott International (MAR) climbed to a higher percentage. It got a boost from 70 to 75. Marriott shares were almost unchanged on Thursday.
The new RS 75 rating means Marriott stock has outperformed 75% of all stocks in terms of price growth over the past year.
Marriott Stock has history on its side
Over 100 years of market history shows that the best stocks typically have an RS rating north of 80 as they begin their biggest run. See if Bethesda, Md.-based Marriott International can continue to rebound and reach that benchmark.
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Marriott stock is working on a consolidation with a 196 entry. See if it can break out on volume at least 40% above average. On Thursday, Marriott shares fell just 11 cents to 160.13 as the market turned lower in afternoon trading. Like many stocks, Marriott bottomed out in late June when its stock fell to 131.01 and then rallied.
Four strong quarters of earnings, sales growth
The company reported a 128% increase in earnings in its most recent report, to $1.80 per share. The previous three periods its EPS increased by 662%, 983% and 1000% plus. Sales have also been extremely strong. In the latest quarter, Marriott’s revenue rose 70% to $5.34 billion.
Marriott’s stock earns the no. 2 among its peers in the Leisure-Lodging industry group. Small cap specialist rental and catering company Intended hospitality (TH) and based in Chicago Hyatt Hotels (H), which operates or franchises 1,162 Hyatt-branded properties, is also among the group’s top-rated stocks.
When looking for the best stocks to buy and watch, one factor to look closely at is relative price strength.
Investor’s Business Daily’s exclusive relative strength rating measures price performance on a score of 1 (worst) to 99 (best). The rating shows how a stock’s price performance over the trailing 52 weeks compares to all other stocks in our database.
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