Alabama

The DJIA fell 41 points while the Nasdaq was down 120, the S&P 500 fell 25 points. The 10 year treasury yield was up .06 to 4.29% and lodging stocks were mixed. RHP, HLT and IHG traded up to new highs but SLNA was down another -8% to another new low. Morgan Stanley gave a global view of the hotel industry, saying […]

The DJIA surged 520 points but Nasdaq was down 32, the S&P 500 was up 17 points and the 10-year treasury yield was up .08 to 4.35%. Lodging stocks were modestly higher. SOHO was the biggest mover, down -6% and VAC traded down to another new low. Truist gave their latest observations on forward-looking bookings and pricing trends for mid and higher end US hotels. Truist said they are […]

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 rose 57 points while Nasdaq was up 121, the S&P 500 rose 12 points and the 10 year treasury yield was down .09 to 4.57%. Lodging stocks were kind of all over the place. SHCO traded up to a new high with a 6% rise on the day. SOND was the big percentage winner, up 12% while VCSA rose […]

The DJIA was down 252 points, Nasdaq was down 226, the S&P 500 was down 50 points and the 10-year treasury yield was down .11 to 4.85%. Lodging stocks were lower. AHT and VAC traded down to new lows. Choice Hotels, after the close yesterday, issued a press release asking (demanding?) Wyndham Hotels to come back to the table and engage them in discussions […]

The DJIA rose 205 points while Nasdaq was up 122, the S&P 500 rose 31 points and the 10 year treasury yield was flat at 4.84%. Lodging stocks were higher. We did see another new low on VCSA but SOND was up 8%. Baird gave their updated views of the Choice Hotels and Wyndham situation. Baird said the two sides appear far apart […]

The DJIA fell 251 points, Nasdaq was down 128, the S&P 500 was down 37 and the 10 year treasury yield was up .08 to 4.99%. We should have started with Fed Chief Powell spoke today so you would know what to expect from the indexes. Lodging stocks were lower. SOHO and VCSA traded down […]

The DJIA rose 116 points, Nasdaq was up 108, the S&P 500 rose 25 points and the 10-year treasury yield was down .03 to 4.60%. Lodging stocks were higher. SOND was up 12%, AHT was up 11% while PK and BHR both rose 5% on the day. Barclays said they are expecting another soft quarter for the lodging REITs given the STR data, preannouncements and weather events in 3Q23. They lowered their price […]

The DJIA fell 370 points on the second day of the Fed reaction. Nasdaq was down another 245, the S&P 500 was down 72 points and the best sign of displeasure was in the 10-year yield, jumping .13 to 4.48%. Lodging stocks were lower. SOND’s reverse split is already having the expected effect, down another -10% nearly to another all-time low. Interested in […]

If the Fed just issued their statements, we would be so much better off. No rate hike, but then the Fed chief held his press conference and if you bet on the market dropping, you won again. The DJIA fell 77 points but Nasdaq was down 209 while the S&P 500 was down 42 points. The 10-year treasury yield was […]

The DJIA was down 199 points while Nasdaq was down 148, the S&P 500 fell 31 points, and the 10-year treasury yield was up .02 to 4.29%. Lodging stocks were modestly lower. SHCO traded up to a new high. Truist gave their forward-looking booking and pricing trends for U.S. hotels report, saying they see no signs of any demand slowdown. In fact, they see 4Q23 […]