Maine

The DJIA rose 169 points on Friday while Nasdaq fell 71, the S&P 500 was up 9 points and the 10-year treasury yield continued its march to 4%, up another .06 to 3.74%. Lodging stocks were lower. SOND was the biggest mover, down -8% while ABNB was down -5% on the day. According to STR, Phoenix’s hotel RevPAR is forecasted to reach $419 for February 10-12, […]

The DJIA rose 9.88 points, or little change. Nasdaq fell 0.2%; S&P 500 was barely changed. The 10-year Treasury yield fell to 3.461%. Gordon Haskett downgraded Airbnb to Underperform from Hold. They lowered their price target to $87 from $94. The firm also cut their rating on Booking.com to Hold from Buy setting a target price very close to the current price at $2,456. BofA Securities also cut their rating on […]

The DJIA rose 331 points on Friday while Nasdaq was up 288, the S&P 500 rose 74 points and the 10 year treasury yield was up .09 to 3.48%. Lodging stocks were higher. SLNA topped the list with a 10% gain followed by AHT and VCSA, both up 6%. We start today’s newsletter on a sad note as many of you probably heard […]

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 rose 199 points while Nasdaq was down another 178, the S&P 500 fell another 23 points, and the 10-year treasury yield was down .08 to 3.94%. Lodging stocks had a good day, with Selina’s first day of trading leading the way, surging to a close of $40.90. Before the deal’s closing, BOA Acquisition was trading under $10 yesterday. SOND was up […]

Bernstein Research initiated coverage on Airbnb with an Outperform rating and $143 price target. Bernstein cited its dominant position in the vacation-rental space and said they see little reason why ABNB can’t become a meaningful seller of other travel verticals. B of A Securities cut their rating on Membership Collective to Underperform from Buy. They lowered their price target […]

The DJIA rose 151 points, Nasdaq was up 81, the S&P 500 was up 17 points and the 10-year treasury yield was down .06 to 2.79%. Lodging stocks were mixed on the day. VCSA was the big gainer again, up another 9%, while HT was up 6%. B.Riley maintained its Neutral rating on Ashford Hospitality but lowered its price target from $12 to $9. The Heard […]

The DJIA rose 27 points, Nasdaq was down 75, the S&P 500 was down 3 points and the volatility was back in the treasuries with the 10-year Treasury yield up .10 to 2.89%. Lodging stocks were higher. VCSA and SOND responded well to earnings, up 33% and 7% respectively. SOHO was up 8% ahead of their earnings report but already gave back some […]

The DJIA ended Friday with a gain of 77 points, while Nasdaq was down 63, the S&P 500 fell 7 points, and the 10-year treasury yield was up .16 at 2.84% on the strong jobs report. Lodging stocks were modestly lower, although the two big gainers were to the upside. SVC surged 10% on their earnings report. The vast majority of lodging company […]