Drury Development Corporation

It was a rebound but not much of a rebound after last week’s horrible performance but the DJIA and Nasdaq both rose 72 points, the S&P 500 rose 12 points, the 10 year treasury yield was down .03 to 3.925% and lodging stocks were modestly higher. The biggest surprise of this earnings season is how bullish analysts seem to be coming out of it. They […]

The DJIA was up 109 points, Nasdaq was up 83, the S&P 500 rose 21 points, the 10-year treasury yield was down .04 to 3.88% and lodging stocks for the most part were mixed. MCG was the biggest mover, up 7% while SOND was the biggest decliner, down -6. SLNA traded down to another new low. Marriott Vacations missed expectations with their 4Q report, […]

The markets brightened their mood somewhat on Wednesday. The DJIA rose 1.89%, Nasdaq was up 2.05%, the S&P 500 climbed 1.96% and the 10-year treasury yield had its steepest one-day drop since March 2009, settling at 3.72%. STR reported US lodging data for the week ended 9/24. Hotel RevPAR was up 30.3% year over year while up 13.7% when compared with the same week in 2019. Dajia Insurance Group Co has […]