Chicago

The DJIA ended Friday with a gain of 199 points while Nasdaq was up a point, the S&P 500 rose 19 points and the 10-year treasury yield was up .04 to 3.82%. Lodging stocks were higher. MCG and INN both were up 6% while SVC and SLNA were up 5% each. SOND fell -5% on the day. Xenia Hotels & Resorts announced its board […]

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 […]

The DJIA rose 32 points on Friday while Nasdaq was up another 209, the S&P 500rose 37 points and the 10-year treasury yield was down another .02 to 3.81%. Lodging stocks were higher again with MCG up 11%, HT up 8%, ABNB up 7%, SLNA up 6% and SVC up another 5%. SOND fell -9% on the day. Both Marriott International and Hilton announced an increase […]

The DJIA plunged 647 points while Nasdaq was down 263, the S&P 500 fell 80 points and the 10 year treasury yield was up .03 to 4.15%. Lodging stocks were lower. HGV was one of the only gainers, up 7% while MCG was down -12%, SOND fell -10%, VCSA was down -9% and SLNA was down -8%. Hilton Grand Vacations clearly had the best […]

The DJIA rose 334 points, Nasdaq was up 52, the S&P 500 rose 21 points and the 10 year treasury yield was down .09 to 4.13%. Lodging stocks were modestly higher. SLNA was higher for a second day, up another 11%, while VCSA was up 5%. Apple Hospitality reported a modest beat with RevPAR up 7.5% versus 3Q19. In September and October APLE bought […]

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 […]

The DJIA fell 129 points while Nasdaq was down 114, the S&P 500 fell 29 points and the 10 year treasury yield was up .07 to 4.08%. Despite the down markets, lodging stocks were modestly higher even though the two biggest movers were to the downside. SLNA was down another -15%, ABNB fell -7% but VCSA was up 6% and MCG and AHT […]

The DJIA plunged 630 points on Friday while Nasdaq was down 421, the S&P 500 fell 105 points and the 10 year treasury yield jumped .06 to 3.88%. Lodging stocks were lower. MCG fell 5% while PLYA traded down to another new low. Jefferies lowered their price target on Hersha Hospitality to $12 from $13 and Sunstone Hotel Investors to $11 from $12. They maintained their Buy […]