Marriott (MAR) Offering Possible 58.73% Return Over the Next 3 Calendar Days

Marriott's most recent trend suggests a bullish bias. One trading opportunity on Marriott is a Bull Put Spread using a strike $87.00 short put and a strike $82.00 long put offers a potential 58.73% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.00 by expiration. The full premium credit of $1.85 would be kept by the premium seller. The risk of $3.15 would be incurred if the stock dropped below the $82.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Marriott is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Marriott is bullish.

The RSI indicator is at 59.23 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Marriott

Marriott, Cisco, DraftKings, and Other Stocks for Investors to Watch This Week
Sun, 10 May 2020 19:00:00 +0000
First-quarter earnings season continues with results from Under Armour, Marriott, Cisco, Applied Materials, DraftKings, and more. Plus, inflation, retail sales, sentiment, and other data.

Retail sales, Fed Chair Jerome Powell speaks: What to know in the week ahead
Sun, 10 May 2020 14:26:33 +0000
COVID-19 and its impact on the U.S. economy will continue to take centerstage in the week ahead.

Earnings Reports for the Week of May 11-15 (CSCO, MAR, SPG)
Sat, 09 May 2020 17:48:14 +0000
Check out our weekly earnings calendar and read the latest quarterly earnings previews.

Stock Market Today: Record Labor Contraction; J.C. Penney on the Brink
Fri, 08 May 2020 20:19:38 +0000
Thought a record plunge in employment would take stocks down? Not even close. The S&P 500 rallied over 1.5% in the stock market today, while the Nasdaq its highest level since February.At this point, investors shouldn't be surprised. We've seemingly rallied on every poor weekly jobless claims report, and barely flinched from this week's negative ADP jobs report or last month's disappointing labor statistics.The highly anticipated April's job report is finally here. While the non-farm payrolls numbers came in a little better than expected, it was still a massive decline. The economy suffered a loss of 20.5 million jobs versus estimates for a loss of 22 million. The unemployment rate hit a whopping 14.7%, but was still better than the estimated 16%.InvestorPlace – Stock Market News, Stock Advice & Trading TipsThere is a silver lining here. Of the 20.5 million job losses, 17.8 million workers were on temporary leave. So while there are a lot of people out of work right now, it's expected to be short-term job losses. Once the economy begins to reopen, not everyone will regain their employment, but there should be a rebound in the labor market as well. The Week AheadLast week it was mega-cap tech. This week it was high-growth stocks. Despite the volatility, earnings will go on. * 7 "Strong Buy" Healthcare Stocks to Buy Now We'll hear from Under Armour (NASDAQ:UA), Cardinal Health (NYSE:CAH) and Marriott International (NASDAQ:MAR) on Monday.Later in the week we'll hear from Honda (NYSE:HMC), Wix (NASDAQ:WIX), Norwegian Cruise (NYSE:NCLH), JD.com (NASDAQ:JD) and VFC Corp (NYSE:VFC), among others. Movers in the Stock Market TodayDemand for Disney (NYSE:DIS) is in full effect as tickets to Shanghai Disneyland sold out for its reopening. After a three-month shutdown from the coronavirus outbreak, the park will be reopening at 30% its normal capacity — 24,000 people. The opening will involve safety measures such as masks, temperature screenings and social distancing.Rosenblatt is optimistic on Disney as the company begins reopening some of its retail shops in Florida, too. While the company isn't opening up those theme parks yet, it's a step in the right direction.Tesla (NASDAQ:TSLA) plans to restart its Fremont operations as soon as today. The Fremont plant has been shut down since March 23 due to the pandemic and California Governor Gavin Newsom finally gave the okay for some manufacturers to resume certain operations.Along with several other retailers, J.C. Penney (NYSE:JCP) isn't doing so hot. The company is expected to file for bankruptcy as soon as next week. Reportedly, J.C. Penney will close roughly a quarter of its stores. While JCP has been out of its glory days for some time, shares hit a new all-time low on Friday near 16 cents.Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) announced that most of its employees will continue to work from home until 2021. This could become a common practice for the next few months with several companies. Even though Facebook (NASDAQ:FB) offices will eventually begin to reopen, the company also said that it will allow most of its employees to work from home until next year if they choose.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long DIS and GOOGL. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Stock Market Today: Record Labor Contraction; J.C. Penney on the Brink appeared first on InvestorPlace.

Host Hotels CEO: Group Business Travel Will Be Last to Recover But Remains Key to Industry
Fri, 08 May 2020 18:10:53 +0000
One of the largest U.S. lodging real estate investment trusts expects leisure travel to bounce back from the coronavirus downturn in travel first, but the company is still banking on business group bookings. Host Hotels & Resorts, owner of hotels like the New York Marriott Marquis and the Manchester Grand Hyatt San Diego, lost $630 […]

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