Sunday, November 6, 2022
North America

DiamondRock Beats Preliminary Results

  • DiamondRock Hospitality reported 3Q results, beating the preliminary results they announced two weeks ago.
  • Jefferies cut its rating on Xenia Hotels & Resorts to Hold from Buy.
  • Lodging stocks were mixed. SLNA plunged another -20%, quickly becoming the biggest disaster in a long line of SPAC disappointments in the past year

The DJIA did what it has been doing the past few Fridays, jumping 402 points while Nasdaq was up 132, the S&P 500 rose 51 points and the 10 year treasury yield was up .03 to 4.16%. Lodging stocks were mixed. SLNA plunged another -20%, quickly becoming the biggest disaster in a long line of SPAC disappointments in the past year, SLNA […]