Marriott Vacations Worldwide

The DJIA was up 13 points, Nasdaq was down 23, the S&P 500 was up 4 points and the 10-year treasury yield was down another .07 to 4.27%. Lodging stocks were mixed. RHP traded up to another new high, VCSA was up 9% but SOND was down -7% to another all-time low, SLNA fell -17% to another low and VAC also traded down to a low. STR gave US hotel […]

The DJIA rose 2 points on Friday while Nasdaq was up 12, the S&P 500 was up 6 and the 10 year treasury yield remained around 4.44%. Lodging stocks were higher. HLT traded up to another new high. The biggest mover was to the downside with SOND down another -10%. UBS cut their price target […]

The DJIA fell 220 points while Nasdaq was down 129, the S&P 500 fell 35 points, the 10-year treasury yield was back up .11 to 4.63% and lodging stocks were lower. The bright spot was HLT, trading up to a new high. Then we had BHR down -23% to a new low while SLNA, SVC, AINC and VAC also traded down to new […]

The DJIA surged 565 points, Nasdaq jumped 233, the S&P 500 as up 80 points and the 10-year treasury yield was down .12 to 4.67%. Lodging stocks jumped, led by earnings, led by the market, possibly short covering. AHT and PK were the big winners, up 18% and 12% respectively while INN was up 11%. SHCO and VCSA were both up 8% while […]

The DJIA fell 105 points, Nasdaq was down 319, the S&P 500 was down 61 points, and the 10 year treasury yield was up .11 to 4.95%. Lodging stocks were lower. About the only good news was that HLT was up $1.10. New lows were set by TNL, VAC, HGV, and VCSA. Hilton kicked off […]

The DJIA fell 174 points while Nasdaq was down 85, the S&P 500 was down 27, and the 10-year treasury yield surged .12 to 4.71%. Lodging stocks were lower but the only real decliner of note was VCSA with an -8% decline. JP Morgan initiated coverage on Marriott Vacations Worldwide with a Neutral rating and […]

Jefferies said they downgraded Marriott Vacations to Hold from Buy, putting them in line with their rating on the other time shares stocks, Hilton Grand Vacations and Travel + Leisure, both also at Hold.  Jefferies said the concerns over the macroeconomic outlook, notably consumer credit and interest rates, are driving a separation of timeshare business merits […]

The DJIA fell 69 points while Nasdaq was up 29, the S&P 500 was up a point and the 10-year treasury yield jumped another .07 to 4.63%. Lodging stocks were mostly higher on the day. The only big mover was AINC, to the downside by another -12% to another new low. STR reported US lodging data for the week ended September 23. US hotel RevPAR […]

The DJIA was down 67 points, Nasdaq was down 14, the S&P 500 was down 12 points, and we may as well just get it over with and get to 4.50% on the 10-year, with the yield rising another .11 today to 4.19%. Lodging stocks were lower, weighed down by a tough day of earnings reports. SLNA, after that ridiculous trading yesterday, was […]

The DJIA rose 82 points, Nasdaq fell 17, the S&P 500 was down a point, and the 10-year treasury yield was down .06 to 3.85%. The Fed may be done with their rate hike today or may not be. Every inflation and jobs report will be scrutinized until we get a clear indication of what they will do. Lodging stocks were mixed. MAR […]

The DJIA rose 367 points while Nasdaq was up 109, the S&P 500 rose 32 points and the 10-year treasury yield was down .01 to 3.79%. Lodging stocks were mostly higher. Both MAR and IHG traded up to new 52-week highs. The Baird/STR Hotel Stock Index was up 6.2% in June on a month-to-month (May) basis. The Hotel Brand sub-index jumped 7.4% from May […]

The DJIA ended down 366 points while Nasdaq was down 113, the S&P 500 fell 35 points and the 10-year treasury yield was up .10 to 4.04%. Was there anyone who really did not think the 10-year was going to avoid going over 4%? The good news in the markets is the DJIA was down over 500 points this morning and recovered somewhat. […]