Starwood Hotels & Resorts Led SPY by 9.1%


Oct. 29 2015, Updated 1:07 p.m. ET

Key stocks

The stocks at the top of the SPDR S&P 500 ETF (SPY) on October 27 were Starwood Hotels & Resorts (HOT), Walgreens Boots Alliance (WAB), and Biogen (BIIB). These stocks rose 9.1%, 6.4%, and 5.9%, respectively, on the day.

Starwood Hotels & Resorts traded at $74.81. It was well above its respective 50-day and 20-day moving averages. This implies an uptrend in its stock price movement. The stock’s trading volume rose to 16,282,474 stocks on October 27 from the previous day’s trading volume of 2,611,259 stocks. The stock’s trailing one-month return was 14.8%. The stock has earned 14 “buy,” 12 “hold,” and no “sell” recommendations. The stock is rated “BBB” with a stable outlook by Moody’s.

[marketrealist-chart id=764668]

The above graph shows Starwood Hotels & Resorts stock price movement since September 2015.

Starwood Hotels & Resorts is also being proposed by at least three giant Chinese companies for the largest takeover deal.

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The stocks at the bottom of SPY on October 27 were CONSOL Energy (CNX), Denbury Resources (DNR), and Cummins (CMI). CONSOL Energy and Denbury Resources were impacted. Macro factors hit the material sector and the energy sector. Cummins is in the industrial sector. It suffered repercussions from the soft economic reports.

Corporate earnings

Cummins announced jobs cut after its third quarter earnings report. It missed analysts’ expectations. It reported an EPS (earnings per share) of $2.14 compared to an estimated EPS of $2.60. It reported revenue of $4.6 billion compared to estimated revenue of $4.91 billion for the third quarter.

Pfizer (PFE) reported an EPS of $0.60 per share. It beat analysts’ expectation of $0.51 per share. The company beat the estimated revenue of $11.56 billion. It reported revenue of $12.1 billion.

Apple (AAPL) reported its earnings after market hours. Its earnings beat the market expectations. The company’s revenue grew by 22.3% for its fourth quarter to $51.5 billion. It reported an EPS of $1.96 per share.

Next, we’ll look at the United Kingdom’s stock market on Tuesday, October 27.


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