by winston » Fri Nov 29, 2019 8:37 pm
not vested
THIS HOSPITALITY 'BELLWETHER' SHOWS OUR ECONOMY IS STEAMING AHEAD
Today's chart highlights one of our favorite indicators for how our economy is doing...
Regular readers know that we like to keep our finger on the pulse of the economy using a few different gauges. When people are splurging on "wants" like golf equipment, ski trips, and live concerts, it shows they don't have to scrimp and save.
Today's company shows that folks have enough cash for traveling and vacations...
Hilton Worldwide (HLT) is one of the largest hospitality companies in the world. It has nearly 6,000 properties in 117 countries and territories. Its brands include Hampton, Embassy Suites, and its flagship brand, Hilton Hotels & Resorts.
When folks have the money to travel, Hilton's hotels get more customers. The company recently reported solid third-quarter earnings...
Revenue hit nearly $2.4 billion, up 6.3% year over year. And adjusted earnings per share grew 13% to $1.05 over the same period.
As you can see, shares have soared over the past few years. They're up roughly 120% since November 2015, including dividends. And as long as folks keep splurging on vacations, that trend should continue...
Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"