Marriott, Splunk, Walt Disney: Stocks that defined the week
Summary
Hotel chain Marriott and home-rental firm Airbnb Inc. reported growing demand in the most recent quarters as vaccination numbers rose and travel curbs eased despite the spread of the Omicron variant. The mask maker on Monday warned of slowing sales this year, joining a number of other companies from the fields of protective equipment and healthcare that have forecast a decline in business as the pandemic eases. The networking giant recently made a takeover offer worth more than $20 billion for a software maker that takes its name from cave exploration, The Wall Street Journal reported Monday. Kraft said it expects to recover lost market share in Philadelphia cream cheese, Oscar Mayer bacon, Lunchables and other brands in the first half of the year. The big-box retailer on Thursday reported a profit that beat estimates and increased its dividend, saying it is largely absorbing the higher costs relating to wages, inflation and supply-chain snags.
