San Diego

The DJIA ended Friday with a decline of 385 points while Nasdaq was down 87, the S&P 500 fell 44 points, capping another week of lower equity indexes. The 10-year treasury yield was down .19 to 3.40%. Lodging stocks were lower, once again led by the lodging REITs. INN and AHT both fell -7% and CLDT, VCSA, SVC and PK were each down […]

The DJIA fell 543 points while Nasdaq was down 238, the S&P 500 fell 74 points and the 10-year treasury yield was down .05 to 3.93%. There were a lot of reasons for the equity markets to go down today but the selling really accelerated after President Biden unveiled his budget. While the budget may have triggered selling, the concerns about banks should […]

It was a rebound but not much of a rebound after last week’s horrible performance but the DJIA and Nasdaq both rose 72 points, the S&P 500 rose 12 points, the 10 year treasury yield was down .03 to 3.925% and lodging stocks were modestly higher. The biggest surprise of this earnings season is how bullish analysts seem to be coming out of it. They […]

The DJIA fell 252 points, Nasdaq was down 105, the S&P 500 fell 30 points and the 10-year treasury yield was up .02 to 3.40%. It seemed like there were more lodging stocks in the green than the red despite the overall market. The two biggest movers were to the downside with SLNA down -7% and VCSA falling -6% on the day. Wells […]

The DJIA fell 350 points, Nasdaq was down 154, the S&P 500 fell 45 points and the 10-year treasury yield was up .01 to 3.72%. Lodging stocks were lower. SLNA was one of the few bright spots, up 10%. MCG was down -13%, SOND and AHT both fell -6% and BHR was down -5% on the day. Mizuho cut their price target on Airbnb to $110 […]

Happy New Year! The DJIA eased less than 0.1%. Nasdaq lost 0.8%. The S&P 500dipped 0.4%. The 10-year U.S. Treasury yield declined 0.035 percentage point to 3.791%.  EF Hutton initiated coverage on Selina Hospitality with a Buy rating and $6.50 price target. STR reported US lodging data for the week ended 12/24. RevPAR was down -0.2% year over year while down -7.6% versus the same week […]

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 fell another 147 points, Nasdaq dropped another 182, the S&P 500 fell 40 points and the 10 year treasury yield was up another .07 to 4.12%. Lodging stocks were lower again. SLNA looks like it is going to go down to penny stock status, down another -28% to another new low. BHR was down another -14%, also to a new low. […]

It was an interesting day with the DJIA up 3 points but Nasdaq down 228. Don’t you love earnings season? The S&P 500 fell 29 points, the 10-year treasury yield was down .09 to 4.02% and lodging stocks were mixed. The biggest mover was MCG, up 9%. Wyndham and Hilton kicked off the lodging earnings season, both with solid reports. WH beat results, which is not […]

The DJIA rose 424 points on Friday while Nasdaq was up 267, the S&P 500 rose 73 points and the 10-year treasury yield was down .04 to 2.85%. Lodging stocks were higher. VCSA once again led the group, up 19%, while SOHO continued its recent rebound, up another 8% on Friday. Truist lowered target prices on their vacation ownership names despite publishing a positive […]