Stock Market Update on (NYSE:MAR, WWW )

Marriott International Inc (NYSE: MAR): Marriott International Inc., the largest U.S hotel chain, said second quarter profit more than tripled and increased its full year forecast on improving travel demand. Net Income climbed to $119 million or $0.31 a share, from $37 million or 10 cents a share a year earlier. The results for the 12weeks ended June 18 exceeded the 29 cent average estimate of 15 analysts. 

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Marriott, shares are currently down 2.86% to $31.24. The company has 52 week price range of $19.49 - $38.15.  The company’s shares have a 50 day moving average of $33.06 and 200 day moving average of $29.60. Marriott, shares have support and resistance levels of $30.85 and $32.53. 

 
 Wolverine Worldwide Inc (NYSE: WWW): Wolverine Worldwide Inc, a designer and manufacturer and marketer of a range of casual, rugged outdoor and work footwear, today announced its second quarter results. The company reported second quarter revenue of $258.2 million an increase of 4.8% versus the previous year. The earnings per share of the company grew 44.4% to $0.39 from $0.27 during the second quarter of 2009. 

Wolverine, shares are currently down 0.89% to $26.18. The company has 52 week price range of $21.10 - $32.38.  The company’s shares have a 50 day moving average of $27.81 and 200 day moving average of $27.47. Wolverine, shares have support and resistance levels of $ 26.12 and $27.28. 

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