Choice Hotels Receives Mixed Response to Earnings

• Lodging stocks were mixed. Choice (CHH) was the big loser, down -9%, while MCG was down -7% and AINC fell -6%.
• Choice Hotels received a mixed response to their 3Q earnings report from analysts and a big thumbs down from investors.
• Hilton announced the opening of its two-hundredth hotel in the Caribbean and Latin America, Waldorf Astoria Cancun, a 173-room luxury resort set on 100 acres of coastline.

The DJIA rose 398 points while Nasdaq was up 97, the S&P 500 was up 38 points and the 10-year treasury yield was up .06 to 4.21%. Lodging stocks were mixed. Choice (CHH) was the big loser, down -9%, while MCG was down -7% and AINC fell -6%. SLNA had a big rebound day in the morning, up 50% but ended the day […]