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Hospitality company $MAR said that with the stronger dollar, the company is seeing fewer international guests coming to its US hotels, with the impact most pronounced in a few key gateway markets. $MAR estimates that the number of room nights occupied by international guests at comparable hotels in New York and Miami, fell by 10-15% in 2Q16.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.