Savannah

The DJIA fell 220 points while Nasdaq was down 129, the S&P 500 fell 35 points, the 10-year treasury yield was back up .11 to 4.63% and lodging stocks were lower. The bright spot was HLT, trading up to a new high. Then we had BHR down -23% to a new low while SLNA, SVC, AINC and VAC also traded down to new […]

The DJIA fell 105 points, Nasdaq was down 319, the S&P 500 was down 61 points, and the 10 year treasury yield was up .11 to 4.95%. Lodging stocks were lower. About the only good news was that HLT was up $1.10. New lows were set by TNL, VAC, HGV, and VCSA. Hilton kicked off […]

The DJIA ended Friday down 287 points while the Nasdaq was down 202, the S&P 500 was down 54 points, and the 10-year treasury yield was down .06 to 4.92%. Lodging stocks were lower. SOHO and VCSA traded down to new lows, with VCSA down another -7%. SLNA fell -6%. IHG kicked off the hotel earnings season, and while the results were good, with […]

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 289 points on Friday while the Nasdaq was down 218, the S&P 500 fell 55 points, and the 10-year treasury yield continued its march to 4.50%, up another .03 to 4.32%. Lodging stocks were mixed. New lows were set again by VCSA and AINC, while SOND fell -5% on a day when it held a vote on a reverse split. […]

The DJIA fell 361 points while Nasdaq was down 157, the S&P 500 fell 52 points, and the 10-year treasury yield rose another .04 to 4.22%. Lodging stocks were lower. BHR traded down to a new low. Bernstein downgraded their rating on Marriott International to Market Perform from Outperform. They raised their price target to $218 from $204. Bernstein also upped their price target on Hyatt to $147 […]

The DJIA ended Friday with a gain of 105 points, while Nasdaq was down 76, the S&P 500 was down 5 points, and the 10-year treasury yield was up .09 to 4.17%. Lodging stocks were mixed. The big mover was SHCO, up 15% on what some said was a mixed earnings report, and what others said was a result higher than expected. The main […]

The DJIA rose 27 points while Nasdaq was up 71, the S&P 500 was down 12 points, and the 10-year treasury yield was up .08 to 4.03%. MAR was up about 1.45% at the close. Barrons.com published a story, quoting analysts as saying travel is entering a new phase, and investors should pick Hilton and hotel peers over Airbnb. It had very interesting timing given Dow […]

June is coming in like a lion with the second day even better than the first in the markets with the DJIA surging 701 points on an actual economic report. The stronger-than-expected jobs report also helped Nasdaq rise an additional 140, the S&P 500 was up 61 points and the 10-year treasury yield was up .08 to 3.69%. Lodging stocks were higher led […]

The DJIA rose 153 points while Nasdaq was up 166, the S&P 500 rose 41 points and the 10-year treasury yield was down .03 to 3.61%. Most people would like all of June to be like this. Lodging stocks were modestly higher. The only mover of note was SLNA, up 6% on the day. Truist issued their May/June RevPAR Monitor. Their latest round of forward-looking […]

Ahead of the long holiday weekend, the DJIA was up 329 points on Friday while Nasdaq was up 278, the S&P 500 was up 54 points and the 10-year treasury yield was somewhat flat at 3.81%. Lodging stocks were higher. SOND popped by 13% but SLNA dropped another -10% to another all time low. VCSA was up 5%. In observance of Memorial […]

The DJIA rose 369 points while Nasdaq was up 191, the S&P 500 rose 59 points and the 10-year treasury yield was down .02 to 3.53%. Lodging stocks were higher across the board. MCG was the big winner, up 12% while INN, VCSA and PLYA each rose 5% on the day. Despite projections of persistent inflation and a moderate economic recession, CBRE’s November 2022 […]