We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
With the market screaming higher, it can feel like any stock you invest in is going to make money. Over the short-term that may very well be correct. Eventually, the music is going to stop and you don’t want to be left holding the bag. One way to put the odds in your favor is to invest in stocks that have strong earnings trends. That way, when the momentum of the broad market finally slows down you stand a chance of keeping those profits.
Today’s Bear of the Day is a stock with a weak earnings trend. It’s Zacks Rank #5 (Strong Sell) Intercontinental Hotel Group (IHG - Free Report) . InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, restaurants, and spas under the InterContinental Hotels & Resorts, Regent, Six Senses, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Voco, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, and Candlewood Suites brand names. It also provides IHG Rewards Club, a hotel loyalty program. As of February 28, 2020, the company had approximately 5,900 hotels and 884,000 rooms in approximately 100 countries.
I am sure you didn’t need to read this article to realize that the hotel industry has been under pressure. The Hotels and Motels industry is in the Bottom 26% of our Zacks Industry Rank. The reason for the Zacks Rank #5 (Strong Sell) lies in the series of negative earnings revisions coming into the downside recently. Over the last 60 days, three analysts have cut their estimates for the current year and next year. The negative revisions have cut our Zacks Consensus Estimate for the current year down from $3.12 to $1.43 while next year’s numbers are down from $3.37 to $2.82.
There are a few other stocks within the same industry that are in the good graces of the Zacks Industry Rank. Those stocks include China Lodging Group (HTHT - Free Report) and Choice Hotels (CHH - Free Report) .
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
Bear of the Day: Intercontinental Hotels (IHG)
With the market screaming higher, it can feel like any stock you invest in is going to make money. Over the short-term that may very well be correct. Eventually, the music is going to stop and you don’t want to be left holding the bag. One way to put the odds in your favor is to invest in stocks that have strong earnings trends. That way, when the momentum of the broad market finally slows down you stand a chance of keeping those profits.
Today’s Bear of the Day is a stock with a weak earnings trend. It’s Zacks Rank #5 (Strong Sell) Intercontinental Hotel Group (IHG - Free Report) . InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, restaurants, and spas under the InterContinental Hotels & Resorts, Regent, Six Senses, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Voco, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, and Candlewood Suites brand names. It also provides IHG Rewards Club, a hotel loyalty program. As of February 28, 2020, the company had approximately 5,900 hotels and 884,000 rooms in approximately 100 countries.
Intercontinental Hotels Group Price and Consensus
Intercontinental Hotels Group price-consensus-chart | Intercontinental Hotels Group Quote
I am sure you didn’t need to read this article to realize that the hotel industry has been under pressure. The Hotels and Motels industry is in the Bottom 26% of our Zacks Industry Rank. The reason for the Zacks Rank #5 (Strong Sell) lies in the series of negative earnings revisions coming into the downside recently. Over the last 60 days, three analysts have cut their estimates for the current year and next year. The negative revisions have cut our Zacks Consensus Estimate for the current year down from $3.12 to $1.43 while next year’s numbers are down from $3.37 to $2.82.
There are a few other stocks within the same industry that are in the good graces of the Zacks Industry Rank. Those stocks include China Lodging Group (HTHT - Free Report) and Choice Hotels (CHH - Free Report) .
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>