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In 2Q16, RevPAR at $HST's Los Angeles properties grew 9.1%. The company's two comparable hotels in Denver grew RevPAR by 7.3%. In Atlanta, RevPAR grew 6.6% due to average rate growth of 3.2% and occupancy increase of 2.6%. The Boston hotels' RevPAR growth of 5% was driven by a rate increase of 2.2% and an occupancy improvement of 3.3%.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."