Stock Alert : on Cabela’s, Avon and Marriott (CAB, AVP, MAR)

Stock price of specialty retailer Cabela’s Incorporated (NYSE: CAB) was up by nearly 4 percent or half a dollar in the morning trade and is currently trading at $14.75. The stock witnessed an intraday high of $14.92 and an intraday low of $14.37.

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The increase in the stock price is due a rating upgrade by JP Morgan. It has upgraded its rating on the stock from ‘Underweight’ to ‘Neutral’ and also changed its target price from $14 to $16.

The stock is currently trading below its 50-day moving average and 200-day average of $16.60 and $15.58, respectively. Last checked, stock was trading at $14.73 up by 3.73%.

Stock price of beauty products manufacturer Avon Products Inc. (NYSE: AVP) was up by 0.11% in the morning trade and is currently trading at $28.30 up by $0.03. The stock touched an intraday high of $28.60 and an intraday low of $28.16.

The company announced that it has bought Silpada Designs for an initial payment of $650 million in cash. Silpada Designs is fast-growing direct seller of sterling silver jewelry in US, Canada & UK. It also said it can make an additional payment in 2015, if required. The company is expecting that this deal can increase its income by 3cents to 5cents per share in current fiscal year. The deal is expected to close by third quarter.

Last checked, stock was trading at $28.25 down by 0.07%.

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Stock price of hotel company Marriot International Inc. (NYSE: MAR) was down by nearly 1.28% in the morning trade and is currently trading at $30.74 down by 40 cents. The stock touched an intraday low of $30.56 and an intraday low of $31.34. It is trading with a volume of 2 million shares as compared to average volume of 5 million shares.

The stock is down due to a JP Morgan report in which it downgraded the company´s rating from ‘Outperform’ to ‘Market Perform’.

The company’s operations are grouped into the five business segments: North American Full-Service Lodging, North American Limited-Service Lodging, International Lodging, Luxury Lodging and Timeshare.

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