Tulum

The DJIA was up 141 points, Nasdaq was up 87, the S&P 500 rose 23 points while the 10 year treasury yield was down .02 to 3.55%. Lodging stocks were modestly higher. The only mover of note was AHT, down -6%. Wells Fargo cut price targets on their lodging names under coverage with a good part of the blame being concerns over regional banks […]

In an amazing recovery from over 700 points down, the DJIA ended the day down only 280 points while Nasdaq rallied to end up 6. The S&P 500 fell 27 points and the 10-year treasury yield plunged another .15 to 4.01%. Lodging stocks were lower but the real damage was on the four names we call the “new age” lodging stocks. Vacasa’s stock […]

The DJIA fell 431 points while Nasdaq was down 215, the S&P 500 fell 57 points and the 10-year treasury yield was up another .03 to 3.84%. Lodging stocks were lower with the exception of SVC, surging 22% on the news below. The new age companies didn’t have a good day with SLNA down -18%, SOND down -10%, MCG falling -9% and VCSA […]

The DJIA rose 254 points, Nasdaq was up 224, the S&P 500 rose 47 points and the 10 year treasury yield was up .04 to 3.53%. Lodging stocks were higher SOND rose 7%, VCSA was up 6% and SOND and H traded up to a new high. Jefferies gave their ALIS Conference preview saying they anticipate the lodging management teams will provide incremental color on the trajectory […]

The DJIA rose 184 points while Nasdaq was up 123, the S&P 500 rose 30 points and the 10-year treasury yield was up .08 to 3.49%. Lodging stocks were modestly higher. The only big mover of note was MCG, up 8%. Chatham Lodging Trust announced its board of trustees reinstated their common dividend, announcing a fourth-quarter common share dividend of $0.07 per common share. […]

For a change, the markets went up when Fed Chief Powell spoke. They interpreted his commentary and body language as blinking, that the bulk of the interest rate hikes are over. The equity markets surged in the afternoon, ending the day with the DJIA up 737, Nasdaq up 484, the S&P 500 rose 122 and the 10 year treasury yield was down .05 […]

In a very wild session with a 1500-point swing, the DJIA ended the day up 827 points while Nasdaq was up 249, the S&P 500 rose 98, the 10-year treasury yield was up .05 to 3.95% and lodging stocks were higher. The star of the day was SVC, up 27% as they declared a $0.20 a share dividend, their first real, not […]

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 rose 230 points while Nasdaq was up 154, the S&P 500 rose 43 points and the 10-year treasury yield was up .04 to 3.36%. Lodging stocks were modestly higher. The biggest mover of the day was to the downside with SOND falling -7%, We didn’t cover the recent news of a data breach at IHG Hotels and their Holiday Inn unit because we go by […]

The DJIA fell 172 points while Nasdaq was down 164, the S&P 500 fell 31 points and the 10 year treasury yield was up .07 to 2.89%. Lodging stocks were lower. SOND plunged -26%, while MCG was down -16%, VCSA was down -8% and AHT was down -6%. SOHO was up another 5%. Membership Collective Group shares took it on the chin […]

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 […]