Marriott International, Toast, KeyCorp, and Global X Cybersecurity ETF were mentioned in CNBC's "Final Trades" segment. Marriott International reported upbeat Q2 earnings, while Toast reported better-than-expected Q2 earnings. KeyCorp has a 4% dividend yield, and Global X Cybersecurity ETF is expected to see a wave of consolidation in the cybersecurity industry.
Marriott International, Toast, KeyCorp, and Global X Cybersecurity ETF were highlighted in CNBC's "Final Trades" segment, showcasing their recent financial performances and market reactions. Marriott International reported upbeat second-quarter (Q2) fiscal 2025 earnings, with revenue reaching $6.74 billion, a 4.7% year-on-year increase [1]. Toast Inc. also reported better-than-expected Q2 earnings, posting quarterly earnings of 13 cents per share, beating the analyst consensus estimate of 11 cents per share [2]. KeyCorp KEY has a 4% dividend yield, and Global X Cybersecurity ETF (BUG) is expected to see a wave of consolidation in the cybersecurity industry [3].
Marriott International's Q2 results highlighted a 1.5% increase in RevPAR 1 worldwide, with 5.3% growth in international markets and U.S. & Canada RevPAR in line with the year-ago quarter [1]. The company's diluted EPS totaled $2.78 and adjusted diluted EPS totaled $2.65, while net income reached $1.4 billion [1]. Marriott International also completed the acquisition of the innovative lifestyle brand citizenM, expanding its global lifestyle offerings [1].
Toast Inc. reported a 25% jump in revenue year over year, with improved net margins, indicating a new phase of growth for the company [2]. The addition of 148,000 locations and the rollout of new AI-driven products like ToastIQ have made an impact, and the company's entry into Australia signals an appetite for global expansion [2]. Toast's share price has seen significant momentum throughout 2024, with the stock up 77% over the past year and more than doubling over the past three years [2].
KeyCorp KEY has a 4% dividend yield, making it an attractive option for income investors [3]. Truist Securities analyst Brian Foran maintained a Hold rating on KeyCorp, raising the price target from $17 to $19, indicating cautious optimism about the company's prospects [3].
Global X Cybersecurity ETF (BUG) is expected to benefit from a wave of consolidation in the cybersecurity industry, with deals like the one between Palo Alto Networks, Inc. (PANW) and CyberArk Software Ltd. (CYBR) signaling a trend [3]. The ETF fell 0.5% during the session, reflecting market sentiment on the sector's future prospects [3].
In conclusion, Marriott International, Toast, KeyCorp, and Global X Cybersecurity ETF have shown strong financial performances and market reactions in recent quarters. Marriott International's Q2 earnings and Toast Inc.'s Q2 results indicate robust growth and expansion opportunities. KeyCorp's dividend yield and Global X Cybersecurity ETF's expected consolidation in the cybersecurity industry present attractive investment prospects for investors.
References:
[1] https://marriott.gcs-web.com/press-releases
[2] https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/47353637/marriott-toast-keycorp-and-more-on-cnbcs-final-trades
[3] https://simplywall.st/stocks/us/diversified-financials/nyse-tost/toast/news/assessing-toast-tost-valuation-after-robust-q2-growth-strong
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