San Francisco

The DJIA rose 383 points, Nasdaq was up 45, the S&P 500 rose 35 points and the 10-year treasury yield was up .09 to 3.48%. Lodging stocks were mostly higher but the biggest movers were to the downside. The newly minted penny stocks, VCSA and SOND, both traded down to new lows, dropping another -4% and -7% respectively. SLNA hit a new low, […]

The DJIA rose 5 points, Nasdaq was down 76, the S&P 500 was down 19 points and the 10-year treasury yield managed to stay under 4%, up .08 to 3.994%. Lodging stocks were mixed but the big movers were all to the downside. SLNA traded down another -7% to another all-time low. VCSA and MCG were both down -6%. Service Properties Trust kept its […]

The DJIA was up 109 points, Nasdaq was up 83, the S&P 500 rose 21 points, the 10-year treasury yield was down .04 to 3.88% and lodging stocks for the most part were mixed. MCG was the biggest mover, up 7% while SOND was the biggest decliner, down -6. SLNA traded down to another new low. Marriott Vacations missed expectations with their 4Q report, […]

The DJIA rose 377 while Nasdaq was up 158, the S&P 500 rose 43 points and the 10-year treasury yield was down .03 to 3.72%. Lodging stocks were higher. ABNB led the group with a 7% rise while MCG was up 5%. Raymond James upped their price target on Hilton to $165 from $150. They maintained their Outperform rating. TownePlace Suites by Marriott is developing at least […]

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 269 points while Nasdaq was up 189, the S&P 500 rose 50 points and the 10 year treasury yield was down .07 to 3.55%. Lodging stocks were higher led by AHT, up another 10%. ABNB and PLYA were both up 7% on the day while VCSA was up 6% and HST rose 5%. Truist gave their 2023 lodging preview, saying […]

The DJIA fell 349 points while Nasdaq was down 233, and the S&P 500 fell 56 points. Amazingly enough, that was a recovery of more than half what the declines were earlier in the day. The 10-year treasury yield was down .02 to 3.67%. Lodging stocks were mostly lower with a long list of new lows, many of them REITs. New lows were […]

The DJIA rose 527 points while Nasdaq was up 162, the S&P 500 rose 57 points. The 10-year treasury yield was flat at 3.68%. Lodging stocks were lower on the Pebblebrook news. PEB was down -9% followed by PK with a -7% drop and CLDT, AHT and HST were each down -6%. SOND jumped 13% today and AINC was up 9%. Pebblebrook Hotel […]

The DJIA fell another 163 points, Nasdaq was down 159, the S&P 500 was down 35 and the 10-year treasury yield went back up quick, up .10 to 3.58%. Lodging stocks were down, nearly across the board. ABNB, SLNA and VCSA all traded down to new 52-week lows. AINC was down -9% on the day and SOND fell -7%. Baird picked the hotel real-estate investment […]

The DJIA fell 483 points while Nasdaq was down 222, the S&P 500 fell 73 points and the 10 year treasury yield was up .07 to 3.60%. Lodging stocks were lower. AINC was the bright spot, up 15%. SLNA fell another -9% to another all time low. VCSA fell another -6% to another all time low. MCG was down -7%, AHT was down […]

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 […]

Let’s go backwards to give you an overview of today’s market. The 10-year treasury yield plunged 0.32 to 3.83%. That is a nearly 8% drop in the yield on a modestly better CPI report. Back to the regularly scheduled program, the DJIA surged 1,201 points, Nasdaq was up 761, and the S&P 500 rose 208 points. People will look at this and wonder […]