Sonesta Hotels & Resorts

The DJIA was up 58 points, but the Nasdaq was down 124, the S&P 500 fell 14 points, and the 10-year treasury yield was down .03 to 4.26%. Lodging stocks were lower on the day, but you can just stick a fork in the lodging SPAC stocks. VCSA, on the reverse split news we all knew was coming, fell another -7% to another all-time low. SLNA […]

June is coming in like a lion with the second day even better than the first in the markets with the DJIA surging 701 points on an actual economic report. The stronger-than-expected jobs report also helped Nasdaq rise an additional 140, the S&P 500 was up 61 points and the 10-year treasury yield was up .08 to 3.69%. Lodging stocks were higher led […]

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 […]