Alabama

Ahead of the long holiday weekend, the DJIA was up 329 points on Friday while Nasdaq was up 278, the S&P 500 was up 54 points and the 10-year treasury yield was somewhat flat at 3.81%. Lodging stocks were higher. SOND popped by 13% but SLNA dropped another -10% to another all time low. VCSA was up 5%. In observance of Memorial […]

The DJIA fell 140 points but Nasdaq was up 63, the S&P 500 managed a 1 point gain and the 10 year treasury yield was up .03 to 3.72%. Lodging stocks were mostly lower. SOND was the biggest loser, down another -10% whole SLNA traded down to a new all time low, down -6% on the day. Sonder Holdings was cut to Perform from […]

The DJIA ended Friday down 109 points while Nasdaq was down 31, the S&P 500fell 6 points and the 10-year treasury yield was up .04 to 3.69%. Lodging stocks were modestly lower. SOND was down -14% after rising in the past week on heavy insider buying. SLNA traded down -8% to another all-time low. STR reported US RevPAR for the week ended May 13 […]

The DJIA was down 222, Nasdaq was up 22, the S&P 500 was down 7% and the 10-year treasury yield was down .05 to 3.40%. Lodging stocks were lower. SLNA traded down to a new low, down another -6% but SOND was down -20% and AHT was down -5%. Hyatt Hotels held an Investor Day today. They are forecasting $650 to $850 […]

The DJIA ended Friday up 272 points while Nasdaq was up 84, the S&P 500 rose 34 points and the 10-year treasury yield was down .08 to 3.45%. Lodging stocks were higher on the day. JP Morgan upgraded their rating on Accor to Neutral from Underweight with a price target of EUR 30, up from EUR 24.50. This follows Accor’s strong 1Q results. JPM said Accor’s pricing power […]

The DJIA ended Friday with a decline of 385 points while Nasdaq was down 87, the S&P 500 fell 44 points, capping another week of lower equity indexes. The 10-year treasury yield was down .19 to 3.40%. Lodging stocks were lower, once again led by the lodging REITs. INN and AHT both fell -7% and CLDT, VCSA, SVC and PK were each down […]

The DJIA rose 5 points, Nasdaq was down 76, the S&P 500 was down 19 points and the 10-year treasury yield managed to stay under 4%, up .08 to 3.994%. Lodging stocks were mixed but the big movers were all to the downside. SLNA traded down another -7% to another all-time low. VCSA and MCG were both down -6%. Service Properties Trust kept its […]

The DJIA rose 266 points while Nasdaq was up 226, the S&P 500 rose 53 points and the 10-year treasury yield was up another .04 to 3.67%. Lodging stocks were mixed. Morgan Stanley changed price targets on its covered hotel companies. Hilton’s PT was lowered to $167 from $171, while Wyndham’s PT was upped to $90 from $87. Both were maintained at Overweight. Equal-Weight […]

The DJIA fell another 282 points on Friday while Nasdaq was down 105, the S&P 500 fell 43 points and the 10 year treasury yield was up .03 to 3.48%. Lodging stocks were modestly lower. SOND fell -8%, the biggest mover in the group Friday. SLNA traded down to yet another new low. Both Hersha Hospitality Trust and Host Hotels announced special dividends. HT announced its board of […]

The DJIA rose 104 points, Nasdaq was up 113, the S&P 500 rose 29 points and the 10 year treasury yield was down .11 to 3.50%. Treasuries were the only part of the indexes that actually fulfilled what looked like their destiny after the better inflation report this morning.  Overall, stocks gave back most of their pre-market gains. Lodging stocks wound […]

The DJIA rose 2 points while Nasdaq was down 56, the S&P 500 fell 7 points and the 10 year treasury yield plunged another .11 to 3.41%. Lodging stocks were mixed. MCG was the big mover, down -8% while VCSA traded down to another new low before bouncing a bit. Morgan Stanley cut their rating on Airbnb to Underweight from Equal Weight, slashing its target price to $80 […]

The DJIA rose 56 points while Nasdaq was up 162, the S&P 500 rose 35 points and the 10 year treasury yield fell .07 to 3.80%. Lodging stocks were modestly higher. SOND was the only real big mover, down -7%. Truist published a report on Vacation Ownership following 3Q results from the public companies involved in the segment. While they believe the reports and outlooks were […]