Hilton Inc is a global hospitality company that focuses on the management and franchising of a diverse portfolio of hotels and resorts
With a presence in various regions around the world, Hilton operates a range of brands catering to different market segments, from luxury accommodations to more budget-friendly options. The company is committed to providing exceptional customer experiences, and it emphasizes innovative service, sustainable practices, and community engagement. Hilton also offers a loyalty program that rewards frequent travelers with exclusive benefits, enhancing its appeal to both leisure and business guests.
Lawrence McDonald, founder of Bear Traps Report, called Warren Buffett the "GOAT" of asset management on Sunday while noting the legendary investor put "very little capital to work" during the 2020 COVID market drawdown compared to 2022's market stress.
The performance of consumer discretionary businesses is closely linked to economic cycles. Thankfully for the industry, demand trends seem to be healthy as discretionary stocks have gained 6.1% over the past six months.
This performance has nearly mirrored the S&P 500.
Energy drink company Monster Beverage (NASDAQMNST) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.7% year on year to $1.81 billion. Its non-GAAP profit of $0.38 per share was 5.5% below analysts’ consensus estimates.
Timeshare vacation company Hilton Grand Vacations (NYSEHGV) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 26% year on year to $1.28 billion. Its non-GAAP profit of $0.49 per share was 33% below analysts’ consensus estimates.
Apollo Global Management (APO) is a master of buying distressed assets and turning them into gold. Their top holdings include ADT and Hilton Grand Vacations.
Billionaire investor Bill Ackman has ramped up his stake in Nike by 15%, while simultaneously cutting back his investment in Chipotle Mexican Grill by 14%.
Let's have a look at what is happening on the US markets in the middle of the day on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
Hotel company Hilton (NYSEHLT) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 6.7% year on year to $2.78 billion. Its non-GAAP profit of $1.76 per share was 4.5% above analysts’ consensus estimates.
It's a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning. The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.
Hilton's Q4 earnings exceed expectations, driven by strong RevPAR growth, room openings, and a positive 2025 outlook, with shares rising in premarket trading.
Homebuilder Meritage Homes (NYSEMTH) announced better-than-expected revenue in Q4 CY2024, but sales fell by 2.8% year on year to $1.61 billion. On the other hand, the company’s full-year revenue guidance of $6.75 billion at the midpoint came in 1.7% below analysts’ estimates. Its non-GAAP profit of $4.72 per share was significantly above analysts’ consensus estimates.
