Jamaica

The DJIA rose 113 points on Friday while Nasdaq was up 78, the S&P 500 rose 16 points and the 10 year treasury yield was up .06 to 3.51%. Lodging stocks were mixed but the biggest movers were to the upside. VCSA and SLNA both rose 6% on the day. Goldman Sachs cut its price target on Airbnb to $87 from $98. It maintained its Sell […]

The DJIA fell 764 points, Nasdaq was down 360, the S&P 500 fell 100 points and the 10 year treasury yield was down .05 to 3.45%. Lodging stocks were lower.  AHT and MCG were down -6%, while VCSA was down -5%, SLNA traded down to a new low. JP Morgan gave their Gaming & Lodging 2023 outlook. JPM said they see more […]

The DJIA fell 45 points while Nasdaq was down 122, the S&P 500 fell 15 points and the 10-year treasury yield was up .01 to 3.83%. We may be seeing a short week slowdown already starting in the financial markets. Lodging stocks were modestly lower. SOND was down -6%. Deutsche Bank gave a summary of […]

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 fell 94 points, Nasdaq was down 110, the S&P 500 fell 27 points and the 10-year treasury yield was up .01 to 3.89%. Lodging stocks were mostly lower. MCG was the big gainer, up 8% while SOND was the big decliner, down -7%. The parent of Allegiant Air said that damage from Hurricane Ian has caused the company to delay the planned opening […]

The DJIA surged 515 points, Nasdaq was up 361, the S&P 500 was up 88 and suddenly the 10 year treasury yield is calm and the indexes are nuts again, down .01 to 2.79%. Lodging stocks were higher. The biggest mover was SOND, up 15%. STR said US Lodging RevPAR was up 12.2% year over year for the week ended 8/6.  RevPAR was up 9.3% […]

The DJIA rose 29 points while Nasdaq was down 13, the S&P 500 fell 5 points, and the 10-year treasury yield was down .08 to 2.73%. The equity indexes have really calmed down while treasuries get really volatile. Lodging stocks were higher. AINC was the big mover, up 11%. SMBC Nikko cut its rating on Park Hotels & Resorts to Neutral from Outperform. Its price target […]