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Hotels: Occupancy Rate Declined 23.8% Year-over-year

From CoStar: STR: US Hotels Nearly Half Full During Week Ending Feb. 20 U.S. weekly hotel occupancy reached its highest level since late October, according to STR‘s latest data through Feb. 20.Feb. 14-20, 2021 (percentage change from comparable week in 2020):• Occupancy: 48.1% (-23.8%)• Average daily rate (ADR): US$101.57 (-22.1%)• Revenue per available room (RevPAR): US$48.82 (-40.6%)Popular leisure markets in Florida, with leftover demand from the long holiday weekend, posted the week’s highest levels. ... Additionally, displaced Texans pushed... -Calculated Risk

Redler: Bears Have “Don’t Have Much Power”, Interest Rates Continue Higher, NVDA Earnings, CRM Earnings Preview

Note: To sign up to be alerted when the morning blog is posted to my website, enter your name and email in the box in the right hand corner titled “New Post Announcements”. That will add you to my AWeber list. Each email from AWeber has a link at the bottom to “Unsubscribe” making it easy to do so should you no longer wish to receive the emails. $spx made a higher low today and poked its head above 3900 to prove sellers don’t have much power. “Again”. It’s a very specific tape pic.twitter.com/JmQjyX7h9D— Scott Redler (@RedDogT3) February 24, 2021... -Top Gun Financial Planning

Banks at 52-Week Highs on News

Bank of Montreal (T.BMO) hit a new 52-week high of $104.19 on Tuesday. BMO revealed first-quarter financial figures Tuesday, Net income of $2,017 million, an increase of 27%; adjusted net income was $2,038 million, an increase of 26%. Reported EPS of $3.03, an increase of 28%; adjusted EPS of $3.06, an increase of 27%. Bank of Nova Scotia (T.BNS) hit a new 52-week high of $74.23 on Tuesday. Scotiabank reported first quarter net income of $2,398 million compared to $2,326 million in the same period last year. Diluted earnings per share (EPS) were... -Baystreet.ca

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