Why Hyatt Hotels Stock Is Moving Higher Today
Portfolio Pulse from Adam Eckert
Hyatt Hotels Corp (H) is set to join the S&P MidCap 400, replacing National Instruments Corp (NATI) which is being acquired by Emerson Electric Co (EMR). This change will take effect before the market opens on Thursday. Hyatt's shares have risen 15.49% year-to-date and were up 6.27% at the time of the report. The company is due to report Q3 results on Nov. 2, with analysts expecting earnings of 62 cents per share on revenue of $1.632 billion.
October 10, 2023 | 1:19 pm
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NEGATIVE IMPACT
National Instruments is being replaced in the S&P MidCap 400 due to its pending acquisition by Emerson Electric.
Being removed from an index often leads to a short-term decrease in a company's stock price, as funds that track the index sell the stock. This, combined with the uncertainty surrounding the pending acquisition, could negatively impact National Instruments' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Emerson Electric's pending acquisition of National Instruments may lead to short-term uncertainty for its stock price.
Acquisitions can lead to short-term uncertainty for a company's stock price, as investors wait to see how the acquisition will impact the company's financials and operations. This could lead to a neutral short-term impact on Emerson Electric's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Hyatt's inclusion in the S&P MidCap 400 and positive year-to-date performance may boost investor confidence.
Inclusion in an index like the S&P MidCap 400 often leads to increased demand for a company's shares, as funds that track the index buy the stock. This, combined with Hyatt's positive year-to-date performance, could lead to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100