Driftwood Capital

The DJIA fell 219 points on Friday while Nasdaq was down 138, the S&P 500 fell 34 points and the 10-year treasury yield was down .06 to 3.74%. Lodging stocks were mixed. SOND was the big mover, down -9%. Pebblebrook Hotel Trust released its monthly update and this was more of a warning. PEB said weekend leisure travel has been weaker than expected and that is […]

The DJIA rose 415 points on Friday while Nasdaq was up 208, the S&P 500 rose 58 points and the 10-year treasury yield was down .06 to 3.49%. Lodging stocks were higher. VCSA and AHT both rose 7% while PK, RLJ and SHO rose 5% each. Evermore Partners and New Castle Hotels & Resorts have acquired the Montana Marriott Portfolio – a 105-key AC Hotel by […]

The DJIA fell 252 points, Nasdaq was down 105, the S&P 500 fell 30 points and the 10-year treasury yield was up .02 to 3.40%. It seemed like there were more lodging stocks in the green than the red despite the overall market. The two biggest movers were to the downside with SLNA down -7% and VCSA falling -6% on the day. Wells […]

The DJIA fell 614 points while Nasdaq was down 138 and the S&P 500 was down 62 points. The 10 year treasury yield was down .16 to 3.38%, a drop of more than 4.5% on the yield. Lodging stocks were mostly lower. VCSA was down -12%, SOND was down -8% but MCG was up 5% on the Buy rating below. Roth initiated coverage on Membership Collective […]

The DJIA fell 351 points while Nasdaq was down 225, the S&P 500 fell 58 points and the 10 year treasury yield was down .09 to 3.51%. What happened to the Santa Claus Rally? SLNA traded down -8% to another new low, VCSA hit another new low but the big decliner was MCG, down -15%. AINC gave back -6% from yesterday’s gain while […]

The DJIA jumped 551 points today while Nasdaq was up 354, the S&P 500 was up 95 points and the 10-year treasury yield was up .01 at 4.02%. Lodging stocks were higher. VCSA was up 10%, SOND was up 8%, ABNB was up 7% and SVC was up another 5%, still sporting a dividend yield of more than 10% even after a 33% […]

The DJIA fell 154 points but Nasdaq was flat while the S&P 500 fell 9 points and the 10-year Treasury yield was up .02 to 3.05%. Lodging stocks were mixed. The biggest mover was SOND, up 6%. Citigroup upped its price target on Sunstone Hotels to $12 from $10.50. Morgan Stanley upped its price target on Airbnb to $125 from $100. The New York Marriott Marquis announced the completion of an extensive […]