Detroit

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 […]

The DJIA fell 374 while the Nasdaq was down 257, the S&P 500 fell 60 points, and the 10-year treasury yield was up .04 to 4.24%. Lodging stocks were lower, but the biggest mover was to the upside, with SOHO bouncing back 7%. VCSA traded down to yet another all-time low. Deutsche Bank updated their models and price targets on some hotel REITs. They were […]

The DJIA fell 13 points, rose 212 points while Nasdaq was up 220, the S&P 500rose 50 points and the 10-year treasury yield was up .05 to 3.77%. Lodging stocks were mostly higher even though the two biggest movers were to the downside. SOND was down -9% and SLNA was down -5% on the day. Morgan Stanley upgraded Sunstone Hotels to Equal Weight from Underweight with […]

The DJIA rose 43 points on Friday while Nasdaq was up 21, the S&P 500 was up 5 points and the 10-year treasury yield was up .03 to 3.75%. Despite the indexes rising, lodging stocks were mixed with the only mover of note being SOND, up 23%($0.14). ISI Evercore Group downgraded their rating on Park Hotels & Resorts to In-Line from Outperform. Their target price is $18.50. […]

The DJIA rose 169 points, Nasdaq was up 134, the S&P 500 rose 26 points and the 10-year treasury yield was down .07 to 3.71%. Lodging stocks were mixed. AHT was the only mover of note, down -6% on the day. Wells Fargo initiated coverage on Airbnb with an Underweight rating and $99 price target. Truist Securities published a report on ABNB and the short-term rental business […]

The DJIA was down 256 points while Nasdaq was down 76, the S&P 500 fell 30 points and the 10-year treasury yield was up .02 to 3.72%. Lodging stocks were lower. The only mover of note was AHT, down -6%. The common consensus among lodging analysts is that the Choice Hotels/Wyndham Hotels rumor makes little sense and won’t happen. Most brought up what we […]

The DJIA was down 56 points, Nasdaq was down 77 points, the S&P 500 was down 18 points, and the 10-year treasury yield was essentially unchanged at 3.52%. Sigh. Choice Hotels International reported solid 1Q results, better than expectations. In the good old days, when stocks actually moved up and down based on fundamentals, you could dictate the direction of CHH stock by whether they […]

The DJIA fell 270 points while Nasdaq was down 55, the S&P 500 fell 29 points and the 10-year treasury yield was down .04 to 3.40%. Things were going ok until the Fed Chief held his conference call after raising rates again. The same thing happened that has happened nearly every one of his conference calls the past year or so. AHT was […]

The DJIA fell 367 points, a 250-point rebound from the lows, while Nasdaq was down 132, the S&P 500 was down 48 points and the real action is now in the 10-year treasury, down .14 at 3.44%. Lodging stocks were mixed with MAR jumping 5% and bringing a few C-Corps up with them. AHT was down -6%. Marriott International blew away estimates and […]

The DJIA ended Friday with a gain of 22 points while Nasdaq was up 13, the S&P 500 rose 4 points and the 10-year treasury yield was down .03 to 3.57%. Lodging stocks were lower with AINC and VCSA both hitting new lows. SOND was the big percentage gainer, up 8% but that was not even a gain of $0.04 in share price. […]

The DJIA fell 697 points, Nasdaq was down 295, the S&P 500 was down 82 and the 10-year treasury yield may soon see 4%, up another .13 to 3.96%. Lodging stocks were lower. There was only one mover of note, SLNA with a -6% drop getting near an all-time low today, but there was a sea of red on the screen today. DiamondRock Hospitality reported […]

The DJIA rose 39 points, Nasdaq was up 110, the S&P 500 rose 11 points and the 10-year treasury yield continued the march to 4%, up another .05 to 3.81%. Lodging stocks were somewhat mixed, but the gainers got all the attention. They were paced by a 13% rise for Airbnb and 9% gains for Vacasa and Sonder. Membership Collective (Soho House) was the only […]