Marriott CFO Leeny Oberg to exit, 2 successors named
Marriott International Chief Financial Officer and Executive Vice President of Development Leeny Oberg will depart the hotel company after 26 years, Marriott announced Monday.
Oberg will retire March 31, 2026. Marriott veterans Jen Mason and Shawn Hill will succeed her, taking on the roles of CFO and chief development officer, respectively.
Oberg departs Marriott after serving as CFO since 2016. In February 2023, she was additionally tapped to lead the company's global lodging portfolio. Prior to her current roles, Oberg held the title of CFO for The Ritz-Carlton Hotel Company. Since joining Marriott as part of its investor relations group in 1999, Oberg has held multiple financial leadership positions.
Since Oberg became CFO in 2016, Marriott has seen a 'significant increase in shareholder value, with the stock meaningfully outperforming the S&P 500,' Chairman Emeritus J.W. Marriott Jr. said in a statement.
CEO Anthony Capuano said that Oberg's 'focus on value creation is evident in everything she does,' whether that be 'navigating the pandemic successfully, enhancing the company's cost competitiveness or having a disciplined and strategic approach to investing in growth.'
Oberg created 'a deep bench of talented leaders who are ready to take the next steps on the exceptional path she has helped carve for Marriott,' Capuano added.
Mason, a 33-year Marriott veteran, will assume the role of CFO once Oberg steps down next spring. Mason currently serves as Marriott's global officer, treasurer and risk management, overseeing global capital market activities and hotel financing; financial strategy and capital allocation; financial risk management and global capital transactions; and treasury services, per the company.
Mason previously served as Marriott's CFO for the U.S. and Canada, according to her LinkedIn profile.
Marriott has also named Hill as CDO, effective Jan. 1, 2026. He will initially report to Oberg and later to Capuano. Hill has worked at Marriott for nearly 28 years and is currently CDO for the company's Asia Pacific Excluding China region.
'While it's never easy to leave a company and job you love, I have the utmost confidence in the leaders who will assume these roles and am very optimistic about the strategic path Marriott is on,' Oberg said in a statement.
The news of Oberg's exit comes several months after Marriott made several key executive leadership changes on the heels of a broader organizational restructuring that resulted in more than 800 corporate layoffs across the company.
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Notably, sales of Abbott's continuous glucose monitors jumped 21.4% to $1.9 billion in the quarter. On an adjusted basis, the company reported a profit of $1.26 per share for the second quarter, compared with estimates of $1.25. For the third quarter, Abbott sees profit coming in between $1.28 and $1.32 per share. Reuters also reported that Abbott announced plans to build a manufacturing facility in Georgia by 2028 to support its cardiovascular business. That facility, along with two others planned for Illinois and Texas, aim to help Abbott mitigate any impact from President Trump's tariffs. > Listen to the earnings call live at 9 a.m. ET on the stock ticker page. Abbott's (ABT) second quarter profits beat Wall Street estimates, but its third quarter forecast came in lighter than expected, sending shares over 4% lower in premarket trading. The healthcare and medical device company reported Q2 revenue of $11.14 billion, beating expectations of $11.07 billion, according to data compiled by LSEG. Notably, sales of Abbott's continuous glucose monitors jumped 21.4% to $1.9 billion in the quarter. On an adjusted basis, the company reported a profit of $1.26 per share for the second quarter, compared with estimates of $1.25. For the third quarter, Abbott sees profit coming in between $1.28 and $1.32 per share. Reuters also reported that Abbott announced plans to build a manufacturing facility in Georgia by 2028 to support its cardiovascular business. That facility, along with two others planned for Illinois and Texas, aim to help Abbott mitigate any impact from President Trump's tariffs. > Listen to the earnings call live at 9 a.m. ET on the stock ticker page. TSMC reports record quarterly profit, says AI demand is growing Taiwan Semiconductor Manufacturing Company (TSM) posted a record quarterly profit on Thursday of 398.3 billion new Taiwan dollars ($13.5 billion), an increase of more than 60% year over year. TSMC, which is Nvidia's (NVDA) primary chip manufacturer, said artificial intelligence demand was growing and raised its sales outlook for the third quarter and full year. Nvidia has been allowed to resume sales of its H20 chip in China, which could help it recoup as much as $15 billion in revenue. "China is a big market, and my customer can continue to supply the chip to the big market," TSMC CEO C.C. Wei said at a press conference. "It's very positive news for them, and in return, it's very positive news for TSMC." While TSMC has not seen changes in customers' behavior so far, it cautioned that tariffs could affect income in the fourth quarter. TSMC stock rose 3% in premarket trading. Read more here. Taiwan Semiconductor Manufacturing Company (TSM) posted a record quarterly profit on Thursday of 398.3 billion new Taiwan dollars ($13.5 billion), an increase of more than 60% year over year. TSMC, which is Nvidia's (NVDA) primary chip manufacturer, said artificial intelligence demand was growing and raised its sales outlook for the third quarter and full year. Nvidia has been allowed to resume sales of its H20 chip in China, which could help it recoup as much as $15 billion in revenue. "China is a big market, and my customer can continue to supply the chip to the big market," TSMC CEO C.C. Wei said at a press conference. "It's very positive news for them, and in return, it's very positive news for TSMC." While TSMC has not seen changes in customers' behavior so far, it cautioned that tariffs could affect income in the fourth quarter. TSMC stock rose 3% in premarket trading. Read more here. PepsiCo expects smaller drop in annual profit on US soda demand, weaker dollar Reuters reports: Read more here. Reuters reports: Read more here. GE Aerospace lifts 2025 profit view on rising demand for fixing older jets Reuters reports: Read more here. Reuters reports: Read more here. United Airlines posts better-than-expected earnings, trims profit outlook United Airlines (UAL) reported mixed results on Wednesday but said it sees a "positive inflection" through the rest of the year. Adjusted earnings for the second quarter were $3.87 per share, above expectations for $3.84, on revenue of $15.24 billion, a slight miss versus expectations for $15.33 billion. The air carrier now sees full-year adjusted earnings per share guidance in the range of $9 to $11. As of Wednesday, analysts were expecting an adjusted profit of $9.92 on average for the year, per Bloomberg. For the third quarter, United forecast that adjusted profits would come in between $2.25 and $2.75 a share. Both outlooks were below United's previous guidance for the year. In the first quarter, United maintained its full-year forecast for adjusted earnings per share of $11.50 to $13.50 but offered a second forecast should the US fall into recession. Shares fell 1.5% in after-hours trading. United stock surged 13% last Thursday on the heels of Delta's (DAL) report. Read more here. United Airlines (UAL) reported mixed results on Wednesday but said it sees a "positive inflection" through the rest of the year. Adjusted earnings for the second quarter were $3.87 per share, above expectations for $3.84, on revenue of $15.24 billion, a slight miss versus expectations for $15.33 billion. The air carrier now sees full-year adjusted earnings per share guidance in the range of $9 to $11. As of Wednesday, analysts were expecting an adjusted profit of $9.92 on average for the year, per Bloomberg. For the third quarter, United forecast that adjusted profits would come in between $2.25 and $2.75 a share. Both outlooks were below United's previous guidance for the year. In the first quarter, United maintained its full-year forecast for adjusted earnings per share of $11.50 to $13.50 but offered a second forecast should the US fall into recession. Shares fell 1.5% in after-hours trading. United stock surged 13% last Thursday on the heels of Delta's (DAL) report. Read more here. Stocks endured a wild ride in the second quarter. It was great news for big banks. Markets were highly volatile in the second quarter, with President Trump's tariff announcements and geopolitical events such as the Israel-Iran war leading to major S&P 500 swings. But this week's bank earnings show that volatility made it a good time to be a stock trader at a major bank. Yahoo Finance's Jake Conley reports: Read more here. Markets were highly volatile in the second quarter, with President Trump's tariff announcements and geopolitical events such as the Israel-Iran war leading to major S&P 500 swings. But this week's bank earnings show that volatility made it a good time to be a stock trader at a major bank. Yahoo Finance's Jake Conley reports: Read more here. Progressive stock rises on earnings beat Progressive (PGR) stock gained roughly 2% in midday trading on Wednesday after the insurance company reported year-over-year sales growth of 15.7%, amounting to $20.99 billion. Earnings came in at $5.40 per share, 14.8% above analysts' estimates. Read more here. Progressive (PGR) stock gained roughly 2% in midday trading on Wednesday after the insurance company reported year-over-year sales growth of 15.7%, amounting to $20.99 billion. Earnings came in at $5.40 per share, 14.8% above analysts' estimates. Read more here. J.B. Hunt exec highlights 'very dynamic forecasting challenge' amid tariffs In an earnings call on Tuesday, J.B. Hunt (JBHT) executive vice president Spencer Frazier highlighted that it continues to be challenging to forecast demand this year amid trade policy disruptions. 'Some [customers] stayed the course,' Frazier said about the clients' behavior in the second quarter. 'Some paused certain items. Some pulled inventory forward.' 'Really, all of them, longer-term, are considering their sourcing strategies,' he added, 'and that makes for a very dynamic forecasting challenge for them and for us.' The Arkansas-based surface transport and freight company reported earnings per share of $1.31 for the second quarter that were largely in line with analysts' expectations. Its revenue of $2.93 billion was flat year over year. Frazier said that the company started its peak season surcharge program earlier this year due to the uncertainty and volatility. In the second quarter, he noted that overall customer demand trended modestly below normal seasonality. In an earnings call on Tuesday, J.B. Hunt (JBHT) executive vice president Spencer Frazier highlighted that it continues to be challenging to forecast demand this year amid trade policy disruptions. 'Some [customers] stayed the course,' Frazier said about the clients' behavior in the second quarter. 'Some paused certain items. Some pulled inventory forward.' 'Really, all of them, longer-term, are considering their sourcing strategies,' he added, 'and that makes for a very dynamic forecasting challenge for them and for us.' The Arkansas-based surface transport and freight company reported earnings per share of $1.31 for the second quarter that were largely in line with analysts' expectations. Its revenue of $2.93 billion was flat year over year. Frazier said that the company started its peak season surcharge program earlier this year due to the uncertainty and volatility. In the second quarter, he noted that overall customer demand trended modestly below normal seasonality. ASML shares slump after chipmaking linchpin warns on growth ASML (ASML, shares fell almost 8% in premarket trading after the Dutch firm warned sales may fall next year and said it may not achieve growth in 2026. The warning came even as the world's biggest supplier of chipmaking gear's second quarter bookings topped Wall Street estimates on Wednesday. 'We continue to see increasing uncertainty driven by macro-economic and geopolitical developments,' ASML CEO Christophe Fouquet said in a statement on ASML's quarterly results Wednesday. 'Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.' Bloomberg reports: Read more here. ASML (ASML, shares fell almost 8% in premarket trading after the Dutch firm warned sales may fall next year and said it may not achieve growth in 2026. The warning came even as the world's biggest supplier of chipmaking gear's second quarter bookings topped Wall Street estimates on Wednesday. 'We continue to see increasing uncertainty driven by macro-economic and geopolitical developments,' ASML CEO Christophe Fouquet said in a statement on ASML's quarterly results Wednesday. 'Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.' Bloomberg reports: Read more here. Morgan Stanley profit rises as traders ride market turmoil Reuters reports: Read more here. Reuters reports: Read more here. Bank of America profit beats estimates as traders get boost from market turmoil Reuters reports: Read more here. Reuters reports: Read more here. Sign in to access your portfolio
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Dear Trade Desk Stock Fans, Mark Your Calendars for July 18
This Friday, July 18, marks a pivotal moment for Trade Desk (TTD) as it officially joins the S&P 500 Index ($SPX), stepping in for software maker Ansys (ANSS). This change isn't just symbolic — inclusion in the S&P often triggers heightened demand from index funds and institutional players. In fact, investors are already feeling the buzz since the announcement, with TTD stock taking big leaps in reaction to the news. These gains could extend further in the coming sessions. More News from Barchart Dear Google Stock Fans, Mark Your Calendars for July 23 Dear UnitedHealth Stock Fans, Mark Your Calendars for July 29 Peter Thiel Is Betting Big on This Ethereum Treasury Stock. Should You Buy Shares Now? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. This milestone highlights growing confidence in TTD stock's digital advertising platform and could usher in improved visibility. So, whether you're actively trading or holding for the long term, positioning yourself ahead of Friday's open could be a savvy move. About Trade Desk Stock Trade Desk is a prominent player in the digital advertising landscape that has steadily built a reputation as a leading independent demand-side platform (DSP). Its cloud-based platform enables advertisers and media buyers to plan, execute, and measure data-informed campaigns across digital channels. Its market capitalization currently stands at $39.5 billion, firmly establishing the company as a leading large-cap tech contender. Trade Desk, however, has experienced a rocky ride so far this year. TTD stock has slumped 31% on a year-to-date (YTD) basis, driven by a mix of post-pandemic normalization and concerns over slowing growth. However, the stock has seen renewed investor interest following the announcement that it will be added to the S&P 500. TTD stock saw a 6.6% intraday leap on July 15, raising speculation around a potential shift in its YTD trajectory. In terms of valuation, Trade Desk is priced at 79 times forward earnings and 15 times forward sales, trading at a premium compared to its industry peers but below its historical averages. Trade Desk's Stellar Q1 Earnings Results Trade Desk released first-quarter 2025 earnings on May 8, reporting a strong quarter that surpassed expectations. Revenue reached $616 million, reflecting a robust 25% year-over-year (YOY) increase, comfortably ahead of analyst estimates. Non-GAAP EPS came in at $0.33, marking 27% annual growth and beating the consensus estimate. For the period, the company achieved adjusted EBITDA of $208 million, a 28% YOY increase and translating to a margin of 34%, up from 33%. Finally, retention remained strong at over 95%. On the innovation front, adoption of Unified ID 2.0 expanded significantly, with major publishers like Perion, Toyo Keizai, and Piemme integrating the privacy-first identity solution, enhancing advertiser trust and data accuracy. Trade Desk's flagship OpenPath initiative also gained traction. Additionally, the company closed its acquisition of Sincera, a data analytics firm, enhancing its ability to offer impression-level transparency and deeper advertiser insights. Management's forward-looking guidance echoed confidence in continued growth. For Q2 2025, the firm forecasts at least $682 million in revenue as well as adjusted EBITDA of approximately $259 million. Analysts monitoring the company also remain optimistic. They predict EPS to climb to $0.95 for fiscal 2025, up 22% YOY, before surging another 37% annually to $1.30 in fiscal 2026. What Do Analysts Expect for Trade Desk Stock? BMO Capital recently reaffirmed its 'Outperform' rating on TTD stock, maintaining a $115 price target. The firm argues that concerns around Amazon's (AMZN) DSP stealing market share are 'overblown,' reasoning that the expanding digital‑ad landscape can support more than one winner. Meanwhile, CFRA raised its TTD price target to $110, up from $82, while maintaining a 'Buy' rating. CFRA believes the recently announced S&P 500 admission could reignite positive sentiment and attract institutional flows as portfolio shifts occur. However, last month, Wells Fargo downgraded shares from 'Overweight' to 'Equal Weight' and reduced its price target from $74 to $68, citing rising competitive pressure. Still, the firm maintained a cautiously optimistic long-term view. TTD stock has a consensus 'Moderate Buy' rating overall. Out of 36 analysts covering the stock, 23 recommend a 'Strong Buy,' three give a 'Moderate Buy" rating, and 10 analysts stay cautious with a 'Hold' rating. The average analyst price target for TTD is $89.30, indicating potential upside of 10%. Meanwhile, the Street-high target of $145 suggests that shares could rally as much as 79%. On the date of publication, Subhasree Kar did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
