This article is for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade/investment.
Have you noticed that our airports are much busier than usual?
It’s the summer school holidays!
And this spells good news for the tourism industry.
The most important question in you mind is “Which tourism stock should I be looking at?”
Marriott International is the stock in question and let’s find out why!
Brief History of Marriott International
Source: marriott.com/marriott/aboutmarriott.mi
Did you know that Marriott International started off as a root beer stand, and a franchise of A&W Root Bear in 1927?
Before long, food and other drinks were introduced to the menu, the concept of a drive-in restaurant emerged, and the company enjoyed great success.
With a keen eye for business, the company pursued many business opportunities over time.
At one point of time, the company provided in-flight meals, managed cafeterias, and eventually entered the hospitality scene.
Being innovative and responsive to the market forces, has Marriott International been performing well financially?
Business Model and Financials
Source: tradingview.com
To know if Marriott International has been performing well financially, let’s have a look at its total revenue (in blue) and net income (in yellow).
2017 was a great year for Marriott International as its total revenue surged 19.8%.
Its total revenue stagnated in 2018 and 2019 before dropping in 2020 due to the pandemic.
Soon after, its total revenue recovered and it’s now back to its pre-pandemic level.
As for its net income, it has been rising in 2017 and 2018 before tapering in 2019 and 2020.
Its recovery has been swift and Marriott International reports its highest net income levels in 7 years!
Everything about the company sounds so good. Does the market agree?
Technical Analysis on Marriott International (NASDAQ: MAR)
What does the market think about Marriott International?
At a quick glance, you can tell that the market is optimistic on its shares.
This can be inferred from its rising prices.
Should you buy the shares of Marriott International now?
You can tell without the need for technical drawings.
How?
By focusing on the 2 main indicators on the chart – red/green arrow and Trend Impulse Factor indicator.
Because this stock is in an uptrend, you’ll want to be looking for buying opportunities.
You’ll want to see a green arrow appear above its latest candle, and the bar of its Trend Impulse Factor indicator dark green in color.
On the chart of Marriott International, you can see a green arrow below its latest candle.
However, the bar of its Trend Impulse Factor isn’t dark green yet.
This means that although its share price has been rising, it’s not ripe for a position trading opportunity just yet.
Conclusion
Source: unsplash.com
Marriott International is in the tourism industry which stands to benefit in the summer holidays.
A quick study of its financials show that the company is financially strong and healthy.
Looking at its price chart, the market believes in the company.
However, the time to buy its shares isn’t here yet because the 2 main indicators aren’t in agreement just yet. Give it some time and a position trading opportunity could present itself.
Both the arrow and Trend Impulse Factor indicator have been tested and proven. They form the TradersGPS (TGPS) system to help you decipher if a stock is ripe for a position trade. You won’t have to feel in the dark and make wild guesses.
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