KEEP TRADING SIMPLE - PK2 Bottoms identified (Potentially 3) - Rising Volume Throughout all 3 bottoms - Breakup to new support which held on previous lows. Breakdown held support.
A little tricky may have to keep on eye on it.
Have a great day!
Next report date
≈
May 5
Report period
Q1 2025
EPS estimate
0.11 USD
Revenue estimate
618.71 M USD
1.03 USD
211.00 M USD
2.60 B USD
196.34 M
About Park Hotels & Resorts Inc.
Sector
Industry
CEO
Thomas J. Baltimore
Website
Headquarters
Tysons
Founded
1919
FIGI
BBG00FGXCJX5
Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio. The company was founded by Conrad Hilton in 1919 and is headquartered in Tysons, VA.
4%
11%
18%
25%
32%
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
0.00
200.00 M
400.00 M
600.00 M
800.00 M
Revenue
Net income
Net margin %
Revenue
Op expenses
Op income
Int expenses
Non-op income/expenses
Pretax income
Taxes & Other
Net income
−210.00 M
0.00
210.00 M
420.00 M
630.00 M
Revenue
Op expenses
Op income
Expenses & adjustments
Net income
0.00
160.00 M
320.00 M
480.00 M
640.00 M
PK - travel and leisure bearishAgain the theme is less risk in current Macroeconomic environment. Travel numbers have been going down which doesn't bode well for travel and leisure. As always the ratio of our trades are paramont. This is a good spot to make some money on a trade that played out quite nicely in the past.
$PK - Park Hotels and ResortsThe recent earnings were fairly good, and I believe the current price reflects market fear regarding the "delta-variant".
I like $PK at current levels and will continue to accumulate shares (with a 1 month to year-end time frame).
I see it swinging between the S1 and R1 pivots points ($17.00 - $2
$PK Park Hotels Recovery Trade Setup
Potential entry above $19.00 at which
point the stock will have cleared channel resistance and the Fibonacci Golden pocket.
The next resistance to consider as Take Profit will be the major pivot point @ $21.65.
Good Luck and please give us a like or leave a comment.
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Summarizing what the indicators are suggesting.
Neutral
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Neutral
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Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Maturity date
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Maturity date
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Maturity date
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