Howard Johnson

In an amazing recovery from over 700 points down, the DJIA ended the day down only 280 points while Nasdaq rallied to end up 6. The S&P 500 fell 27 points and the 10-year treasury yield plunged another .15 to 4.01%. Lodging stocks were lower but the real damage was on the four names we call the “new age” lodging stocks. Vacasa’s stock […]

The DJIA rose 40 points, Nasdaq was down 13, the S&P 500 was up 3 points, the 10-year treasury yield was up .02 to 3.98% and lodging stocks were mixed. SVC traded up to a new high, SOND jumped 13%, which was only to $1.11, HGV rose 5% but SLNA was down -7% and HT fell -5%. Truist lowered their price target on Park Hotels […]

The DJIA rose 151 points, Nasdaq was up 81, the S&P 500 was up 17 points and the 10-year treasury yield was down .06 to 2.79%. Lodging stocks were mixed on the day. VCSA was the big gainer again, up another 9%, while HT was up 6%. B.Riley maintained its Neutral rating on Ashford Hospitality but lowered its price target from $12 to $9. The Heard […]