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2000.0
|
2015-03-05 00:00:00 UTC
|
Canadian National Railway Company (CNI) Ex-Dividend Date Scheduled for March 06, 2015
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AADR
|
https://www.nasdaq.com/articles/canadian-national-railway-company-cni-ex-dividend-date-scheduled-march-06-2015-2015-03-05
|
nan
|
nan
|
Canadian National Railway Company ( CNI ) will begin trading ex-dividend on March 06, 2015. A cash dividend payment of $0.2513 per share is scheduled to be paid on March 31, 2015. Shareholders who purchased CNI prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 14.18% increase over the prior quarter.
The previous trading day's last sale of CNI was $68.96, representing a -9.17% decrease from the 52 week high of $75.92 and a 26.76% increase over the 52 week low of $54.40.
CNI is a part of the Transportation sector, which includes companies such as Union Pacific Corporation ( UNP ) and CSX Corporation ( CSX ). CNI's current earnings per share, an indicator of a company's profitability, is $3.47. Zacks Investment Research reports CNI's forecasted earnings growth in 2015 as 1.6%, compared to an industry average of 16.9%.
For more information on the declaration, record and payment dates, visit the CNI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to CNI through an Exchange Traded Fund [ETF]?
The following ETF(s) have CNI as a top-10 holding:
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is AADR with an increase of 5.2% over the last 100 days. It also has the highest percent weighting of CNI at 0.04%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 5.2% over the last 100 days. Shareholders who purchased CNI prior to the ex-dividend date are eligible for the cash dividend payment.
|
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 5.2% over the last 100 days.
|
The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 5.2% over the last 100 days. Shareholders who purchased CNI prior to the ex-dividend date are eligible for the cash dividend payment.
|
The top-performing ETF of this group is AADR with an increase of 5.2% over the last 100 days. The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). A cash dividend payment of $0.2513 per share is scheduled to be paid on March 31, 2015.
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2001.0
|
2015-02-10 00:00:00 UTC
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Lazard Ltd. (LAZ) Ex-Dividend Date Scheduled for February 11, 2015
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AADR
|
https://www.nasdaq.com/articles/lazard-ltd-laz-ex-dividend-date-scheduled-february-11-2015-2015-02-10
|
nan
|
nan
|
Lazard Ltd. ( LAZ ) will begin trading ex-dividend on February 11, 2015. A cash dividend payment of $1.3 per share is scheduled to be paid on February 19, 2015. Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 333.33% increase over the prior quarter.
The previous trading day's last sale of LAZ was $49.96, representing a -9.98% decrease from the 52 week high of $55.50 and a 18.53% increase over the 52 week low of $42.15.
LAZ is a part of the Finance sector, which includes companies such as Franklin Resources, Inc. ( BEN ) and KKR & Co. L.P. ( KKR ). LAZ's current earnings per share, an indicator of a company's profitability, is $3.21. Zacks Investment Research reports LAZ's forecasted earnings growth in 2015 as 6.35%, compared to an industry average of 3.5%.
For more information on the declaration, record and payment dates, visit the LAZ Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to LAZ through an Exchange Traded Fund [ETF]?
The following ETF(s) have LAZ as a top-10 holding:
WCM / BNY MELLON FOCUSED GROWTH ADR ETF ( AADR ).
The top-performing ETF of this group is AADR with an decrease of -2.2% over the last 100 days. It also has the highest percent weighting of LAZ at 0.04%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top-performing ETF of this group is AADR with an decrease of -2.2% over the last 100 days. Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports LAZ's forecasted earnings growth in 2015 as 6.35%, compared to an industry average of 3.5%.
|
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The top-performing ETF of this group is AADR with an decrease of -2.2% over the last 100 days. Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment.
|
The top-performing ETF of this group is AADR with an decrease of -2.2% over the last 100 days. Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of LAZ was $49.96, representing a -9.98% decrease from the 52 week high of $55.50 and a 18.53% increase over the 52 week low of $42.15.
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The top-performing ETF of this group is AADR with an decrease of -2.2% over the last 100 days. Lazard Ltd. ( LAZ ) will begin trading ex-dividend on February 11, 2015. A cash dividend payment of $1.3 per share is scheduled to be paid on February 19, 2015.
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2002.0
|
2014-12-12 00:00:00 UTC
|
Ace Limited (ACE) Ex-Dividend Date Scheduled for December 15, 2014
|
AADR
|
https://www.nasdaq.com/articles/ace-limited-ace-ex-dividend-date-scheduled-december-15-2014-2014-12-12
|
nan
|
nan
|
Ace Limited ( ACE ) will begin trading ex-dividend on December 15, 2014. A cash dividend payment of $0.65 per share is scheduled to be paid on January 05, 2015. Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that ACE has paid the same dividend. At the current stock price of $115.09, the dividend yield is 2.26%.
The previous trading day's last sale of ACE was $115.09, representing a -2.38% decrease from the 52 week high of $117.89 and a 25.1% increase over the 52 week low of $92.00.
ACE is a part of the Finance sector, which includes companies such as American International Group, Inc. ( AIG ) and The Travelers Companies, Inc. ( TRV ). ACE's current earnings per share, an indicator of a company's profitability, is $9.64. Zacks Investment Research reports ACE's forecasted earnings growth in 2014 as 1.85%, compared to an industry average of 1.9%.
For more information on the declaration, record and payment dates, visit the ACE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ACE through an Exchange Traded Fund [ETF]?
The following ETF(s) have ACE as a top-10 holding:
iShares U.S. Insurance ETF ( IAK )
iShares MSCI USA ESG Select ETF ( KLD )
RevenueShares Financials Sector ( RWW )
RevenueShares Large Cap ( RWL )
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is RWW with an increase of 7.71% over the last 100 days. IAK has the highest percent weighting of ACE at 6.19%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) iShares MSCI USA ESG Select ETF ( KLD ) RevenueShares Financials Sector ( RWW ) RevenueShares Large Cap ( RWL ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ACE's forecasted earnings growth in 2014 as 1.85%, compared to an industry average of 1.9%.
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The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) iShares MSCI USA ESG Select ETF ( KLD ) RevenueShares Financials Sector ( RWW ) RevenueShares Large Cap ( RWL ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) iShares MSCI USA ESG Select ETF ( KLD ) RevenueShares Financials Sector ( RWW ) RevenueShares Large Cap ( RWL ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Ace Limited ( ACE ) will begin trading ex-dividend on December 15, 2014. Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment.
|
The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) iShares MSCI USA ESG Select ETF ( KLD ) RevenueShares Financials Sector ( RWW ) RevenueShares Large Cap ( RWL ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). A cash dividend payment of $0.65 per share is scheduled to be paid on January 05, 2015. Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment.
|
2003.0
|
2014-12-05 00:00:00 UTC
|
Canadian National Railway Company (CNI) Ex-Dividend Date Scheduled for December 08, 2014
|
AADR
|
https://www.nasdaq.com/articles/canadian-national-railway-company-cni-ex-dividend-date-scheduled-december-08-2014-2014-12
|
nan
|
nan
|
Canadian National Railway Company ( CNI ) will begin trading ex-dividend on December 08, 2014. A cash dividend payment of $0.2201 per share is scheduled to be paid on December 31, 2014. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -3.97% decrease from the prior quarter. At the current stock price of $68.26, the dividend yield is 1.29%.
The previous trading day's last sale of CNI was $68.26, representing a -10.09% decrease from the 52 week high of $75.92 and a 33.63% increase over the 52 week low of $51.08.
CNI is a part of the Transportation sector, which includes companies such as Union Pacific Corporation ( UNP ) and CSX Corporation ( CSX ). CNI's current earnings per share, an indicator of a company's profitability, is $3.25. Zacks Investment Research reports CNI's forecasted earnings growth in 2014 as 20.94%, compared to an industry average of 18.6%.
For more information on the declaration, record and payment dates, visit the CNI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to CNI through an Exchange Traded Fund [ETF]?
The following ETF(s) have CNI as a top-10 holding:
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is AADR with an decrease of -1.06% over the last 100 days. It also has the highest percent weighting of CNI at 0.04%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an decrease of -1.06% over the last 100 days. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
|
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an decrease of -1.06% over the last 100 days.
|
The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an decrease of -1.06% over the last 100 days. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
|
The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an decrease of -1.06% over the last 100 days. A cash dividend payment of $0.2201 per share is scheduled to be paid on December 31, 2014.
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2004.0
|
2014-10-29 00:00:00 UTC
|
Lazard Ltd. (LAZ) Ex-Dividend Date Scheduled for October 30, 2014
|
AADR
|
https://www.nasdaq.com/articles/lazard-ltd-laz-ex-dividend-date-scheduled-october-30-2014-2014-10-29
|
nan
|
nan
|
Lazard Ltd. ( LAZ ) will begin trading ex-dividend on October 30, 2014. A cash dividend payment of $0.3 per share is scheduled to be paid on November 14, 2014. Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that LAZ has paid the same dividend. At the current stock price of $49.94, the dividend yield is 2.4%.
The previous trading day's last sale of LAZ was $49.94, representing a -10.02% decrease from the 52 week high of $55.50 and a 29.66% increase over the 52 week low of $38.52.
LAZ is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). LAZ's current earnings per share, an indicator of a company's profitability, is $2.32. Zacks Investment Research reports LAZ's forecasted earnings growth in 2014 as 46.02%, compared to an industry average of 2.3%.
For more information on the declaration, record and payment dates, visit the LAZ Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to LAZ through an Exchange Traded Fund [ETF]?
The following ETF(s) have LAZ as a top-10 holding:
PowerShares KBW Capital Markets Portfolio ( KBWC )
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is KBWC with an increase of 7.51% over the last 100 days. It also has the highest percent weighting of LAZ at 3.93%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The following ETF(s) have LAZ as a top-10 holding: PowerShares KBW Capital Markets Portfolio ( KBWC ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment. LAZ is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have LAZ as a top-10 holding: PowerShares KBW Capital Markets Portfolio ( KBWC ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). LAZ's current earnings per share, an indicator of a company's profitability, is $2.32.
|
The following ETF(s) have LAZ as a top-10 holding: PowerShares KBW Capital Markets Portfolio ( KBWC ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the LAZ Dividend History page.
|
The following ETF(s) have LAZ as a top-10 holding: PowerShares KBW Capital Markets Portfolio ( KBWC ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). A cash dividend payment of $0.3 per share is scheduled to be paid on November 14, 2014. Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment.
|
2005.0
|
2014-09-25 00:00:00 UTC
|
Ace Limited (ACE) Ex-Dividend Date Scheduled for September 26, 2014
|
AADR
|
https://www.nasdaq.com/articles/ace-limited-ace-ex-dividend-date-scheduled-september-26-2014-2014-09-25
|
nan
|
nan
|
Ace Limited ( ACE ) will begin trading ex-dividend on September 26, 2014. A cash dividend payment of $0.65 per share is scheduled to be paid on October 21, 2014. Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 27.45% increase over the same period a year ago. At the current stock price of $106.59, the dividend yield is 2.44%.
The previous trading day's last sale of ACE was $106.59, representing a -1.86% decrease from the 52 week high of $108.62 and a 17.75% increase over the 52 week low of $90.52.
ACE is a part of the Finance sector, which includes companies such as American International Group, Inc. ( AIG ) and The Travelers Companies, Inc. ( TRV ). ACE's current earnings per share, an indicator of a company's profitability, is $9.98. Zacks Investment Research reports ACE's forecasted earnings growth in 2014 as -2.31%, compared to an industry average of -.9%.
For more information on the declaration, record and payment dates, visit the ACE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ACE through an Exchange Traded Fund [ETF]?
The following ETF(s) have ACE as a top-10 holding:
iShares U.S. Insurance ETF ( IAK )
iShares MSCI USA ESG Select ETF ( KLD )
RevenueShares Financials Sector ( RWW )
RevenueShares Large Cap ( RWL )
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is RWW with an increase of 7.74% over the last 100 days. IAK has the highest percent weighting of ACE at 6.19%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) iShares MSCI USA ESG Select ETF ( KLD ) RevenueShares Financials Sector ( RWW ) RevenueShares Large Cap ( RWL ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ACE's forecasted earnings growth in 2014 as -2.31%, compared to an industry average of -.9%.
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The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) iShares MSCI USA ESG Select ETF ( KLD ) RevenueShares Financials Sector ( RWW ) RevenueShares Large Cap ( RWL ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) iShares MSCI USA ESG Select ETF ( KLD ) RevenueShares Financials Sector ( RWW ) RevenueShares Large Cap ( RWL ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Ace Limited ( ACE ) will begin trading ex-dividend on September 26, 2014. Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment.
|
The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) iShares MSCI USA ESG Select ETF ( KLD ) RevenueShares Financials Sector ( RWW ) RevenueShares Large Cap ( RWL ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. ACE's current earnings per share, an indicator of a company's profitability, is $9.98.
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2006.0
|
2014-09-23 00:00:00 UTC
|
Canadian Pacific Railway Limited (CP) Ex-Dividend Date Scheduled for September 24, 2014
|
AADR
|
https://www.nasdaq.com/articles/canadian-pacific-railway-limited-cp-ex-dividend-date-scheduled-september-24-2014-2014-09
|
nan
|
nan
|
Canadian Pacific Railway Limited ( CP ) will begin trading ex-dividend on September 24, 2014. A cash dividend payment of $0.3182 per share is scheduled to be paid on October 27, 2014. Shareholders who purchased CP stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -2.36% decrease from the prior quarter. At the current stock price of $202.98, the dividend yield is .63%.
The previous trading day's last sale of CP was $202.98, representing a -3.67% decrease from the 52 week high of $210.71 and a 65.7% increase over the 52 week low of $122.50.
CP is a part of the Transportation sector, which includes companies such as Union Pacific Corporation ( UNP ) and Canadian National Railway Company ( CNI ). CP's current earnings per share, an indicator of a company's profitability, is $5.47. Zacks Investment Research reports CP's forecasted earnings growth in 2014 as 37.19%, compared to an industry average of 18.9%.
For more information on the declaration, record and payment dates, visit the CP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to CP through an Exchange Traded Fund [ETF]?
The following ETF(s) have CP as a top-10 holding:
FlexShares STOXX Global Broad Infrastructure Index Fund ( NFRA )
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is NFRA with an increase of 4.12% over the last 100 days. It also has the highest percent weighting of CP at 2.38%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The following ETF(s) have CP as a top-10 holding: FlexShares STOXX Global Broad Infrastructure Index Fund ( NFRA ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased CP stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports CP's forecasted earnings growth in 2014 as 37.19%, compared to an industry average of 18.9%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have CP as a top-10 holding: FlexShares STOXX Global Broad Infrastructure Index Fund ( NFRA ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Canadian Pacific Railway Limited ( CP ) will begin trading ex-dividend on September 24, 2014.
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The following ETF(s) have CP as a top-10 holding: FlexShares STOXX Global Broad Infrastructure Index Fund ( NFRA ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased CP stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of CP was $202.98, representing a -3.67% decrease from the 52 week high of $210.71 and a 65.7% increase over the 52 week low of $122.50.
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The following ETF(s) have CP as a top-10 holding: FlexShares STOXX Global Broad Infrastructure Index Fund ( NFRA ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased CP stock prior to the ex-dividend date are eligible for the cash dividend payment. CP's current earnings per share, an indicator of a company's profitability, is $5.47.
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2007.0
|
2014-09-04 00:00:00 UTC
|
Canadian National Railway Company (CNI) Ex-Dividend Date Scheduled for September 05, 2014
|
AADR
|
https://www.nasdaq.com/articles/canadian-national-railway-company-cni-ex-dividend-date-scheduled-september-05-2014-2014-09
|
nan
|
nan
|
Canadian National Railway Company ( CNI ) will begin trading ex-dividend on September 05, 2014. A cash dividend payment of $0.2292 per share is scheduled to be paid on September 30, 2014. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 0.09% increase over the prior quarter. At the current stock price of $73.12, the dividend yield is 1.25%.
The previous trading day's last sale of CNI was $73.12, representing a -0.57% decrease from the 52 week high of $73.54 and a 54.92% increase over the 52 week low of $47.20.
CNI is a part of the Transportation sector, which includes companies such as Union Pacific Corporation ( UNP ) and Canadian Pacific Railway Limited ( CP ). CNI's current earnings per share, an indicator of a company's profitability, is $3.16. Zacks Investment Research reports CNI's forecasted earnings growth in 2014 as 21.98%, compared to an industry average of 19%.
For more information on the declaration, record and payment dates, visit the CNI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to CNI through an Exchange Traded Fund [ETF]?
The following ETF(s) have CNI as a top-10 holding:
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is AADR with an increase of 4.54% over the last 100 days. It also has the highest percent weighting of CNI at 0.04%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 4.54% over the last 100 days. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
|
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 4.54% over the last 100 days.
|
The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 4.54% over the last 100 days. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The top-performing ETF of this group is AADR with an increase of 4.54% over the last 100 days. The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2008.0
|
2014-07-30 00:00:00 UTC
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Lazard Ltd. (LAZ) Ex-Dividend Date Scheduled for July 31, 2014
|
AADR
|
https://www.nasdaq.com/articles/lazard-ltd-laz-ex-dividend-date-scheduled-july-31-2014-2014-07-30
|
nan
|
nan
|
Lazard Ltd. ( LAZ ) will begin trading ex-dividend on July 31, 2014. A cash dividend payment of $0.3 per share is scheduled to be paid on August 15, 2014. Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that LAZ has paid the same dividend. At the current stock price of $53.49, the dividend yield is 2.24%.
The previous trading day's last sale of LAZ was $53.49, representing a -1.07% decrease from the 52 week high of $54.07 and a 59.1% increase over the 52 week low of $33.62.
LAZ is a part of the Finance sector, which includes companies such as Franklin Resources, Inc. ( BEN ) and AMERIPRISE FINANCIAL SERVICES, INC. ( AMP ). LAZ's current earnings per share, an indicator of a company's profitability, is $2.1. Zacks Investment Research reports LAZ's forecasted earnings growth in 2014 as 42.87%, compared to an industry average of 5.3%.
For more information on the declaration, record and payment dates, visit the LAZ Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to LAZ through an Exchange Traded Fund [ETF]?
The following ETF(s) have LAZ as a top-10 holding:
PowerShares KBW Capital Markets Portfolio ( KBWC )
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is KBWC with an increase of 4.71% over the last 100 days. It also has the highest percent weighting of LAZ at 3.93%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have LAZ as a top-10 holding: PowerShares KBW Capital Markets Portfolio ( KBWC ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment. LAZ is a part of the Finance sector, which includes companies such as Franklin Resources, Inc. ( BEN ) and AMERIPRISE FINANCIAL SERVICES, INC. ( AMP ).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have LAZ as a top-10 holding: PowerShares KBW Capital Markets Portfolio ( KBWC ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). LAZ's current earnings per share, an indicator of a company's profitability, is $2.1.
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The following ETF(s) have LAZ as a top-10 holding: PowerShares KBW Capital Markets Portfolio ( KBWC ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the LAZ Dividend History page.
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The following ETF(s) have LAZ as a top-10 holding: PowerShares KBW Capital Markets Portfolio ( KBWC ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). A cash dividend payment of $0.3 per share is scheduled to be paid on August 15, 2014. Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2009.0
|
2014-06-04 00:00:00 UTC
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Canadian National Railway Company (CNI) Ex-Dividend Date Scheduled for June 05, 2014
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AADR
|
https://www.nasdaq.com/articles/canadian-national-railway-company-cni-ex-dividend-date-scheduled-june-05-2014-2014-06-04
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nan
|
nan
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Canadian National Railway Company ( CNI ) will begin trading ex-dividend on June 05, 2014. A cash dividend payment of $0.229 per share is scheduled to be paid on June 30, 2014. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 1.37% increase over the prior quarter. At the current stock price of $60.89, the dividend yield is 1.5%.
The previous trading day's last sale of CNI was $60.89, representing a -0.28% decrease from the 52 week high of $61.06 and a 31.02% increase over the 52 week low of $46.48.
CNI is a part of the Transportation sector, which includes companies such as Union Pacific Corporation ( UNP ) and Norfolk Souther Corporation ( NSC ). CNI's current earnings per share, an indicator of a company's profitability, is $3.01. Zacks Investment Research reports CNI's forecasted earnings growth in 2014 as 17.86%, compared to an industry average of 16.8%.
For more information on the declaration, record and payment dates, visit the CNI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to CNI through an Exchange Traded Fund [ETF]?
The following ETF(s) have CNI as a top-10 holding:
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is AADR with an increase of 2.61% over the last 100 days. It also has the highest percent weighting of CNI at 0.04%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 2.61% over the last 100 days. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 2.61% over the last 100 days.
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The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 2.61% over the last 100 days. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 2.61% over the last 100 days. A cash dividend payment of $0.229 per share is scheduled to be paid on June 30, 2014.
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2010.0
|
2014-05-07 00:00:00 UTC
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Lazard Ltd. (LAZ) Ex-Dividend Date Scheduled for May 08, 2014
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AADR
|
https://www.nasdaq.com/articles/lazard-ltd-laz-ex-dividend-date-scheduled-may-08-2014-2014-05-07
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nan
|
nan
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Lazard Ltd. ( LAZ ) will begin trading ex-dividend on May 08, 2014. A cash dividend payment of $0.3 per share is scheduled to be paid on May 23, 2014. Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 20% increase over the same period a year ago. At the current stock price of $48.64, the dividend yield is 2.47%.
The previous trading day's last sale of LAZ was $48.64, representing a -3.89% decrease from the 52 week high of $50.61 and a 58.8% increase over the 52 week low of $30.63.
LAZ is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). LAZ's current earnings per share, an indicator of a company's profitability, is $1.7. Zacks Investment Research reports LAZ's forecasted earnings growth in 2014 as 36.67%, compared to an industry average of 6.3%.
For more information on the declaration, record and payment dates, visit the LAZ Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to LAZ through an Exchange Traded Fund [ETF]?
The following ETF(s) have LAZ as a top-10 holding:
PowerShares KBW Capital Markets Portfolio ( KBWC )
SPDR S&P Capital Markets ETF ( KCE )
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is AADR with an increase of 2.11% over the last 100 days. KBWC has the highest percent weighting of LAZ at 4.78%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have LAZ as a top-10 holding: PowerShares KBW Capital Markets Portfolio ( KBWC ) SPDR S&P Capital Markets ETF ( KCE ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 2.11% over the last 100 days. Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have LAZ as a top-10 holding: PowerShares KBW Capital Markets Portfolio ( KBWC ) SPDR S&P Capital Markets ETF ( KCE ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The top-performing ETF of this group is AADR with an increase of 2.11% over the last 100 days.
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The following ETF(s) have LAZ as a top-10 holding: PowerShares KBW Capital Markets Portfolio ( KBWC ) SPDR S&P Capital Markets ETF ( KCE ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 2.11% over the last 100 days. Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The top-performing ETF of this group is AADR with an increase of 2.11% over the last 100 days. The following ETF(s) have LAZ as a top-10 holding: PowerShares KBW Capital Markets Portfolio ( KBWC ) SPDR S&P Capital Markets ETF ( KCE ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased LAZ stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2011.0
|
2014-04-02 00:00:00 UTC
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Covidien plc. (COV) Ex-Dividend Date Scheduled for April 03, 2014
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AADR
|
https://www.nasdaq.com/articles/covidien-plc-cov-ex-dividend-date-scheduled-april-03-2014-2014-04-02
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nan
|
nan
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Covidien plc. ( COV ) will begin trading ex-dividend on April 03, 2014. A cash dividend payment of $0.32 per share is scheduled to be paid on May 05, 2014. Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that COV has paid the same dividend. At the current stock price of $72.63, the dividend yield is 1.76%.
The previous trading day's last sale of COV was $72.63, representing a -1.53% decrease from the 52 week high of $73.76 and a 27.89% increase over the 52 week low of $56.79.
COV is a part of the Health Care sector, which includes companies such as 3M Company ( MMM ) and Baxter International Inc. ( BAX ). COV's current earnings per share, an indicator of a company's profitability, is $3.43. Zacks Investment Research reports COV's forecasted earnings growth in 2014 as 8.01%, compared to an industry average of 9.9%.
For more information on the declaration, record and payment dates, visit the COV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to COV through an Exchange Traded Fund [ETF]?
The following ETF(s) have COV as a top-10 holding:
iShares U.S. Medical Devices ETF ( IHI )
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is IHI with an increase of 11.47% over the last 100 days. It also has the highest percent weighting of COV at 6.47%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have COV as a top-10 holding: iShares U.S. Medical Devices ETF ( IHI ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports COV's forecasted earnings growth in 2014 as 8.01%, compared to an industry average of 9.9%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have COV as a top-10 holding: iShares U.S. Medical Devices ETF ( IHI ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). COV's current earnings per share, an indicator of a company's profitability, is $3.43.
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The following ETF(s) have COV as a top-10 holding: iShares U.S. Medical Devices ETF ( IHI ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the COV Dividend History page.
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The following ETF(s) have COV as a top-10 holding: iShares U.S. Medical Devices ETF ( IHI ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). A cash dividend payment of $0.32 per share is scheduled to be paid on May 05, 2014. Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2012.0
|
2014-03-25 00:00:00 UTC
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Canadian Pacific Railway Limited (CP) Ex-Dividend Date Scheduled for March 26, 2014
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AADR
|
https://www.nasdaq.com/articles/canadian-pacific-railway-limited-cp-ex-dividend-date-scheduled-march-26-2014-2014-03-25
|
nan
|
nan
|
Canadian Pacific Railway Limited ( CP ) will begin trading ex-dividend on March 26, 2014. A cash dividend payment of $0.3119 per share is scheduled to be paid on April 28, 2014. Shareholders who purchased CP stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -4.82% decrease from the prior quarter.
The previous trading day's last sale of CP was $150.09, representing a -6.06% decrease from the 52 week high of $159.77 and a 31.87% increase over the 52 week low of $113.82.
CP is a part of the Transportation sector, which includes companies such as Union Pacific Corporation ( UNP ) and Canadian National Railway Company ( CNI ). CP's current earnings per share, an indicator of a company's profitability, is $4.8. Zacks Investment Research reports CP's forecasted earnings growth in 2014 as 35.01%, compared to an industry average of 18.6%.
For more information on the declaration, record and payment dates, visit the CP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to CP through an Exchange Traded Fund [ETF]?
The following ETF(s) have CP as a top-10 holding:
FlexShares STOXX Global Broad Infrastructure Index Fund ( NFRA )
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is AADR with an increase of 0.86% over the last 100 days. NFRA has the highest percent weighting of CP at 2.04%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have CP as a top-10 holding: FlexShares STOXX Global Broad Infrastructure Index Fund ( NFRA ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 0.86% over the last 100 days. Shareholders who purchased CP stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have CP as a top-10 holding: FlexShares STOXX Global Broad Infrastructure Index Fund ( NFRA ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 0.86% over the last 100 days.
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The following ETF(s) have CP as a top-10 holding: FlexShares STOXX Global Broad Infrastructure Index Fund ( NFRA ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 0.86% over the last 100 days. Shareholders who purchased CP stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have CP as a top-10 holding: FlexShares STOXX Global Broad Infrastructure Index Fund ( NFRA ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 0.86% over the last 100 days. Shareholders who purchased CP stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2013.0
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2014-03-25 00:00:00 UTC
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Ace Limited (ACE) Ex-Dividend Date Scheduled for March 26, 2014
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AADR
|
https://www.nasdaq.com/articles/ace-limited-ace-ex-dividend-date-scheduled-march-26-2014-2014-03-25
|
nan
|
nan
|
Ace Limited ( ACE ) will begin trading ex-dividend on March 26, 2014. A cash dividend payment of $0.63 per share is scheduled to be paid on April 17, 2014. Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 28.57% increase over the same period a year ago. At the current stock price of $99.07, the dividend yield is 2.54%.
The previous trading day's last sale of ACE was $99.07, representing a -4.8% decrease from the 52 week high of $104.07 and a 16.92% increase over the 52 week low of $84.73.
ACE is a part of the Finance sector, which includes companies such as American International Group, Inc. ( AIG ) and The Travelers Companies, Inc. ( TRV ). ACE's current earnings per share, an indicator of a company's profitability, is $10.92. Zacks Investment Research reports ACE's forecasted earnings growth in 2014 as -7.29%, compared to an industry average of .9%.
For more information on the declaration, record and payment dates, visit the ACE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ACE through an Exchange Traded Fund [ETF]?
The following ETF(s) have ACE as a top-10 holding:
iShares U.S. Insurance ETF ( IAK )
RevenueShares Financials Sector ( RWW )
RevenueShares Large Cap ( RWL )
WCM BNY Mellon Focused Growth ADR ETF ( AADR )
Schwab US Aggregate Bond ETF ( SCHZ ).
The top-performing ETF of this group is RWW with an increase of 8.4% over the last 100 days. IAK has the highest percent weighting of ACE at 5.64%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) RevenueShares Financials Sector ( RWW ) RevenueShares Large Cap ( RWL ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Schwab US Aggregate Bond ETF ( SCHZ ). Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ACE's forecasted earnings growth in 2014 as -7.29%, compared to an industry average of .9%.
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The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) RevenueShares Financials Sector ( RWW ) RevenueShares Large Cap ( RWL ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Schwab US Aggregate Bond ETF ( SCHZ ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) RevenueShares Financials Sector ( RWW ) RevenueShares Large Cap ( RWL ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Schwab US Aggregate Bond ETF ( SCHZ ). Ace Limited ( ACE ) will begin trading ex-dividend on March 26, 2014. Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) RevenueShares Financials Sector ( RWW ) RevenueShares Large Cap ( RWL ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Schwab US Aggregate Bond ETF ( SCHZ ). Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. ACE's current earnings per share, an indicator of a company's profitability, is $10.92.
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2014.0
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2014-03-05 00:00:00 UTC
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Canadian National Railway Company (CNI) Ex-Dividend Date Scheduled for March 06, 2014
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AADR
|
https://www.nasdaq.com/articles/canadian-national-railway-company-cni-ex-dividend-date-scheduled-march-06-2014-2014-03-05
|
nan
|
nan
|
Canadian National Railway Company ( CNI ) will begin trading ex-dividend on March 06, 2014. A cash dividend payment of $0.2259 per share is scheduled to be paid on March 31, 2014. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 11.94% increase over the prior quarter.
The previous trading day's last sale of CNI was $56.19, representing a -3.78% decrease from the 52 week high of $58.40 and a 20.9% increase over the 52 week low of $46.48.
CNI is a part of the Transportation sector, which includes companies such as Union Pacific Corporation ( UNP ) and Norfolk Souther Corporation ( NSC ). CNI's current earnings per share, an indicator of a company's profitability, is $2.96. Zacks Investment Research reports CNI's forecasted earnings growth in 2014 as 16.59%, compared to an industry average of 19.2%.
For more information on the declaration, record and payment dates, visit the CNI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to CNI through an Exchange Traded Fund [ETF]?
The following ETF(s) have CNI as a top-10 holding:
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is AADR with an increase of 7.71% over the last 100 days. It also has the highest percent weighting of CNI at 0.04%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 7.71% over the last 100 days. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 7.71% over the last 100 days.
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The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 7.71% over the last 100 days. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The top-performing ETF of this group is AADR with an increase of 7.71% over the last 100 days. The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). A cash dividend payment of $0.2259 per share is scheduled to be paid on March 31, 2014.
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2015.0
|
2014-02-25 00:00:00 UTC
|
Perrigo Company (PRGO) Ex-Dividend Date Scheduled for February 26, 2014
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AADR
|
https://www.nasdaq.com/articles/perrigo-company-prgo-ex-dividend-date-scheduled-february-26-2014-2014-02-25
|
nan
|
nan
|
Perrigo Company ( PRGO ) will begin trading ex-dividend on February 26, 2014. A cash dividend payment of $0.105 per share is scheduled to be paid on March 18, 2014. Shareholders who purchased PRGO stock prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $160.51, the dividend yield is .07%.
The previous trading day's last sale of PRGO was $160.51, representing a -1.13% decrease from the 52 week high of $162.35 and a 11.11% increase over the 52 week low of $144.46.
PRGO is a part of the Health Care sector, which includes companies such as Johnson & Johnson ( JNJ ) and Pfizer, Inc. ( PFE ). PRGO's current earnings per share, an indicator of a company's profitability, is $2.74. Zacks Investment Research reports PRGO's forecasted earnings growth in 2014 as 17.53%, compared to an industry average of 9.7%.
For more information on the declaration, record and payment dates, visit the PRGO Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to PRGO through an Exchange Traded Fund [ETF]?
The following ETF(s) have PRGO as a top-10 holding:
Market Vectors Israel ETF ( ISRA )
iShares U.S. Pharmaceutical ETF ( IHE )
iShares Morningstar Mid Growth Index Fund ( JKH )
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is IHE with an increase of 24.28% over the last 100 days. ISRA has the highest percent weighting of PRGO at 9.66%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have PRGO as a top-10 holding: Market Vectors Israel ETF ( ISRA ) iShares U.S. Pharmaceutical ETF ( IHE ) iShares Morningstar Mid Growth Index Fund ( JKH ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased PRGO stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports PRGO's forecasted earnings growth in 2014 as 17.53%, compared to an industry average of 9.7%.
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The following ETF(s) have PRGO as a top-10 holding: Market Vectors Israel ETF ( ISRA ) iShares U.S. Pharmaceutical ETF ( IHE ) iShares Morningstar Mid Growth Index Fund ( JKH ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have PRGO as a top-10 holding: Market Vectors Israel ETF ( ISRA ) iShares U.S. Pharmaceutical ETF ( IHE ) iShares Morningstar Mid Growth Index Fund ( JKH ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased PRGO stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the PRGO Dividend History page.
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The following ETF(s) have PRGO as a top-10 holding: Market Vectors Israel ETF ( ISRA ) iShares U.S. Pharmaceutical ETF ( IHE ) iShares Morningstar Mid Growth Index Fund ( JKH ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased PRGO stock prior to the ex-dividend date are eligible for the cash dividend payment. PRGO's current earnings per share, an indicator of a company's profitability, is $2.74.
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2016.0
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2014-01-23 00:00:00 UTC
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Covidien plc. (COV) Ex-Dividend Date Scheduled for January 24, 2014
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AADR
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https://www.nasdaq.com/articles/covidien-plc-cov-ex-dividend-date-scheduled-january-24-2014-2014-01-23
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nan
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nan
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Covidien plc. ( COV ) will begin trading ex-dividend on January 24, 2014. A cash dividend payment of $0.32 per share is scheduled to be paid on February 20, 2014. Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment.
The previous trading day's last sale of COV was $68.09, representing a -2.7% decrease from the 52 week high of $69.98 and a 19.9% increase over the 52 week low of $56.79.
COV is a part of the Health Care sector, which includes companies such as 3M Company ( MMM ) and Baxter International Inc. ( BAX ). COV's current earnings per share, an indicator of a company's profitability, is $3.59. Zacks Investment Research reports COV's forecasted earnings growth in 2014 as 7.49%, compared to an industry average of 11.6%.
For more information on the declaration, record and payment dates, visit the COV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to COV through an Exchange Traded Fund [ETF]?
The following ETF(s) have COV as a top-10 holding:
iShares U.S. Medical Devices ETF ( IHI )
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is IHI with an increase of 19.51% over the last 100 days. It also has the highest percent weighting of COV at 6.47%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have COV as a top-10 holding: iShares U.S. Medical Devices ETF ( IHI ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports COV's forecasted earnings growth in 2014 as 7.49%, compared to an industry average of 11.6%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have COV as a top-10 holding: iShares U.S. Medical Devices ETF ( IHI ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have COV as a top-10 holding: iShares U.S. Medical Devices ETF ( IHI ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of COV was $68.09, representing a -2.7% decrease from the 52 week high of $69.98 and a 19.9% increase over the 52 week low of $56.79.
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The following ETF(s) have COV as a top-10 holding: iShares U.S. Medical Devices ETF ( IHI ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). ( COV ) will begin trading ex-dividend on January 24, 2014. Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2017.0
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2013-12-23 00:00:00 UTC
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Canadian Pacific Railway Limited (CP) Ex-Dividend Date Scheduled for December 24, 2013
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AADR
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https://www.nasdaq.com/articles/canadian-pacific-railway-limited-cp-ex-dividend-date-scheduled-december-24-2013-2013-12-23
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nan
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nan
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Canadian Pacific Railway Limited ( CP ) will begin trading ex-dividend on December 24, 2013. A cash dividend payment of $0.3277 per share is scheduled to be paid on January 27, 2014. Shareholders who purchased CP stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -3.53% decrease from the prior quarter. At the current stock price of $152.71, the dividend yield is .86%.
The previous trading day's last sale of CP was $152.71, representing a -2.71% decrease from the 52 week high of $156.96 and a 52.24% increase over the 52 week low of $100.31.
CP is a part of the Transportation sector, which includes companies such as Union Pacific Corporation ( UNP ) and Canadian National Railway Company ( CNI ). CP's current earnings per share, an indicator of a company's profitability, is $4.47. Zacks Investment Research reports CP's forecasted earnings growth in 2013 as 44.8%, compared to an industry average of 18.6%.
For more information on the declaration, record and payment dates, visit the CP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to CP through an Exchange Traded Fund [ETF]?
The following ETF(s) have CP as a top-10 holding:
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is AADR with an increase of 8.98% over the last 100 days. It also has the highest percent weighting of CP at 0.04%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have CP as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 8.98% over the last 100 days. Shareholders who purchased CP stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have CP as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 8.98% over the last 100 days.
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The following ETF(s) have CP as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 8.98% over the last 100 days. Shareholders who purchased CP stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have CP as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 8.98% over the last 100 days. Shareholders who purchased CP stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2018.0
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2013-10-15 00:00:00 UTC
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Core Laboratories N.V. (CLB) Ex-Dividend Date Scheduled for October 16, 2013
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AADR
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https://www.nasdaq.com/articles/core-laboratories-nv-clb-ex-dividend-date-scheduled-october-16-2013-2013-10-15
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nan
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nan
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Core Laboratories N.V. ( CLB ) will begin trading ex-dividend on October 16, 2013. A cash dividend payment of $0.32 per share is scheduled to be paid on November 20, 2013. Shareholders who purchased CLB stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that CLB has paid the same dividend. At the current stock price of $175.43, the dividend yield is .73%.
The previous trading day's last sale of CLB was $175.43, representing a -1.54% decrease from the 52 week high of $178.18 and a 85.21% increase over the 52 week low of $94.72.
CLB is a part of the Energy sector, which includes companies such as Schlumberger N.V. ( SLB ) and Halliburton Company ( HAL ). CLB's current earnings per share, an indicator of a company's profitability, is $4.82. Zacks Investment Research reports CLB's forecasted earnings growth in 2013 as 17.55%, compared to an industry average of -1.9%.
For more information on the declaration, record and payment dates, visit the CLB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to CLB through an Exchange Traded Fund [ETF]?
The following ETF(s) have CLB as a top-10 holding:
PowerShares Dynamic Oil Services ( PXJ )
WCM BNY Mellon Focused Growth ADR ETF ( AADR )
IQ Global Oil Small Cap ETF ( IOIL ).
The top-performing ETF of this group is IOIL with an increase of 12.29% over the last 100 days. PXJ has the highest percent weighting of CLB at 5.14%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have CLB as a top-10 holding: PowerShares Dynamic Oil Services ( PXJ ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) IQ Global Oil Small Cap ETF ( IOIL ). Shareholders who purchased CLB stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports CLB's forecasted earnings growth in 2013 as 17.55%, compared to an industry average of -1.9%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have CLB as a top-10 holding: PowerShares Dynamic Oil Services ( PXJ ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) IQ Global Oil Small Cap ETF ( IOIL ). CLB's current earnings per share, an indicator of a company's profitability, is $4.82.
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The following ETF(s) have CLB as a top-10 holding: PowerShares Dynamic Oil Services ( PXJ ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) IQ Global Oil Small Cap ETF ( IOIL ). Shareholders who purchased CLB stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the CLB Dividend History page.
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The following ETF(s) have CLB as a top-10 holding: PowerShares Dynamic Oil Services ( PXJ ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) IQ Global Oil Small Cap ETF ( IOIL ). A cash dividend payment of $0.32 per share is scheduled to be paid on November 20, 2013. Shareholders who purchased CLB stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2019.0
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2013-10-07 00:00:00 UTC
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Covidien plc. (COV) Ex-Dividend Date Scheduled for October 08, 2013
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AADR
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https://www.nasdaq.com/articles/covidien-plc-cov-ex-dividend-date-scheduled-october-08-2013-2013-10-07
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nan
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nan
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Covidien plc. ( COV ) will begin trading ex-dividend on October 08, 2013. A cash dividend payment of $0.32 per share is scheduled to be paid on November 05, 2013. Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 23.08% increase over the prior quarter. At the current stock price of $60.3, the dividend yield is 2.12%.
The previous trading day's last sale of COV was $60.3, representing a -12.39% decrease from the 52 week high of $68.83 and a 13.01% increase over the 52 week low of $53.36.
COV is a part of the Health Care sector, which includes companies such as 3M Company ( MMM ) and Baxter International Inc. ( BAX ). COV's current earnings per share, an indicator of a company's profitability, is $3.74. Zacks Investment Research reports COV's forecasted earnings growth in 2013 as -8.92%, compared to an industry average of 4.8%.
For more information on the declaration, record and payment dates, visit the COV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to COV through an Exchange Traded Fund [ETF]?
The following ETF(s) have COV as a top-10 holding:
iShares U.S. Medical Devices ETF ( IHI )
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is AADR with an increase of 8.99% over the last 100 days. IHI has the highest percent weighting of COV at 7.67%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have COV as a top-10 holding: iShares U.S. Medical Devices ETF ( IHI ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 8.99% over the last 100 days. Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have COV as a top-10 holding: iShares U.S. Medical Devices ETF ( IHI ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 8.99% over the last 100 days.
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The following ETF(s) have COV as a top-10 holding: iShares U.S. Medical Devices ETF ( IHI ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 8.99% over the last 100 days. Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The top-performing ETF of this group is AADR with an increase of 8.99% over the last 100 days. The following ETF(s) have COV as a top-10 holding: iShares U.S. Medical Devices ETF ( IHI ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ). Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2020.0
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2013-09-25 00:00:00 UTC
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Ace Limited (ACE) Ex-Dividend Date Scheduled for September 26, 2013
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AADR
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https://www.nasdaq.com/articles/ace-limited-ace-ex-dividend-date-scheduled-september-26-2013-2013-09-25
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nan
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nan
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Ace Limited ( ACE ) will begin trading ex-dividend on September 26, 2013. A cash dividend payment of $0.51 per share is scheduled to be paid on October 21, 2013. Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 4.08% increase over the same period a year ago. At the current stock price of $94.66, the dividend yield is 2.16%.
The previous trading day's last sale of ACE was $94.66, representing a -1.29% decrease from the 52 week high of $95.90 and a 26.52% increase over the 52 week low of $74.82.
ACE is a part of the Finance sector, which includes companies such as American International Group, Inc. ( AIG ) and The Travelers Companies, Inc. ( TRV ). ACE's current earnings per share, an indicator of a company's profitability, is $9.44. Zacks Investment Research reports ACE's forecasted earnings growth in 2013 as 10.98%, compared to an industry average of 13.5%.
For more information on the declaration, record and payment dates, visit the ACE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ACE through an Exchange Traded Fund [ETF]?
The following ETF(s) have ACE as a top-10 holding:
iShares U.S. Insurance ETF ( IAK )
WCM BNY Mellon Focused Growth ADR ETF ( AADR )
PowerShares Dynamic Financial ( PFI )
QuantShares U.S. Market Neutral Value Fund ETF ( CHEP ).
The top-performing ETF of this group is IAK with an increase of 10.55% over the last 100 days. It also has the highest percent weighting of ACE at 5.64%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) PowerShares Dynamic Financial ( PFI ) QuantShares U.S. Market Neutral Value Fund ETF ( CHEP ). Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ACE's forecasted earnings growth in 2013 as 10.98%, compared to an industry average of 13.5%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) PowerShares Dynamic Financial ( PFI ) QuantShares U.S. Market Neutral Value Fund ETF ( CHEP ). ACE's current earnings per share, an indicator of a company's profitability, is $9.44.
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The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) PowerShares Dynamic Financial ( PFI ) QuantShares U.S. Market Neutral Value Fund ETF ( CHEP ). Ace Limited ( ACE ) will begin trading ex-dividend on September 26, 2013. Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have ACE as a top-10 holding: iShares U.S. Insurance ETF ( IAK ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) PowerShares Dynamic Financial ( PFI ) QuantShares U.S. Market Neutral Value Fund ETF ( CHEP ). Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. ACE's current earnings per share, an indicator of a company's profitability, is $9.44.
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2021.0
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2013-09-06 00:00:00 UTC
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As Global Stocks Rally, Don't Forget These ETFs
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AADR
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https://www.nasdaq.com/articles/global-stocks-rally-dont-forget-these-etfs-2013-09-06
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nan
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nan
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Some exchange traded funds focused on international markets have been sturdy performers as of late.
To the surprise of some investors, among this week's global ETF leaders are plenty of emerging markets ETFs, including downtrodden Brazil and India fare.
Related: Some EM ETFs Were Pretty Good In August .
The resurgence for international ETFs comes as investors were not shy about pulling money from exchange traded products last month. August was the worst month for ETF outflows since early 2010 . However, the outflows data reveal an important point: That the bulk of the outflows, $13.8 billion to be precise, were attributable to the SPDR S&P 500 (NYSE: SPY ).
Said differently, investors pulled money from U.S. stocks. Some Europe ETFs actually saw inflows and while many emerging markets ETFs are struggling on the flows front, performance for some is starting to pick up. Those points could be signs the following are worth considering over the coming weeks.
EGShares Emerging Markets Consumer ETF (NYSE: ECON ) While investors have been pulling cash from all types of emerging markets ETFs this year, EGShares says it has raked in more than $400 million in new investments this year. ECON, the firm's largest ETF, is a big reason why.
Year-to-date, outflows from emerging markets funds are flirting with the $12 billion market, but inflows to ECON are flirting with $370 million. That could be a sign investors are still willing to bet on the growth of the emerging markets consumer .
Brazil and India ETFs have been pleasant surprises this week and investors that want to participate in that upside without the commitment of a single-country fund should consider ECON because the fund devotes over 27 percent of its combined weight to those two countries.
AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR ) The AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF is actively managed fund with a highly concentrated lineup of just over 30 holdings mixed between developed and developing markets. Unheralded AADR has returned over seven percent year-to-date, but that does not tell the entire story. AADR can serve as a portfolio complement to funds benchmarked to the MSCI EAFE Index, which AADR has outpaced over the past three years .
Important to AADR's success is what the ETF does not include in its lineup. The ETF "generally passes on businesses in leveraged, slower-growing sectors such as energy, basic materials, utilities or financials, which dominate the international indices. Instead, the focus is on traditional growth sectors like technology, consumer discretionary / staples and healthcare," according to AdvisorShares .
No single holding can represent more than 10 percent of AADR's weight and sector exposure is capped at 45 percent while the fund limits total emerging markets exposure to 35 percent. Most of the fund's current developing world exposure goes to low beta Taiwan and Chinese technology names, which have been stellar performers this year .
For more on ETFs, click .
Disclosure: Author does not own any of the securities mentioned here.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR ) The AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF is actively managed fund with a highly concentrated lineup of just over 30 holdings mixed between developed and developing markets. Unheralded AADR has returned over seven percent year-to-date, but that does not tell the entire story. AADR can serve as a portfolio complement to funds benchmarked to the MSCI EAFE Index, which AADR has outpaced over the past three years .
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AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR ) The AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF is actively managed fund with a highly concentrated lineup of just over 30 holdings mixed between developed and developing markets. No single holding can represent more than 10 percent of AADR's weight and sector exposure is capped at 45 percent while the fund limits total emerging markets exposure to 35 percent. Unheralded AADR has returned over seven percent year-to-date, but that does not tell the entire story.
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AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR ) The AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF is actively managed fund with a highly concentrated lineup of just over 30 holdings mixed between developed and developing markets. Unheralded AADR has returned over seven percent year-to-date, but that does not tell the entire story. AADR can serve as a portfolio complement to funds benchmarked to the MSCI EAFE Index, which AADR has outpaced over the past three years .
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No single holding can represent more than 10 percent of AADR's weight and sector exposure is capped at 45 percent while the fund limits total emerging markets exposure to 35 percent. AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR ) The AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF is actively managed fund with a highly concentrated lineup of just over 30 holdings mixed between developed and developing markets. Unheralded AADR has returned over seven percent year-to-date, but that does not tell the entire story.
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2022.0
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2013-09-04 00:00:00 UTC
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Canadian National Railway Company (CNI) Ex-Dividend Date Scheduled for September 05, 2013
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AADR
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https://www.nasdaq.com/articles/canadian-national-railway-company-cni-ex-dividend-date-scheduled-september-05-2013-2013-09
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nan
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nan
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Canadian National Railway Company ( CNI ) will begin trading ex-dividend on September 05, 2013. A cash dividend payment of $0.408 per share is scheduled to be paid on September 30, 2013. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -1.85% decrease from the prior quarter. At the current stock price of $94.6, the dividend yield is 1.73%.
The previous trading day's last sale of CNI was $94.6, representing a -9.41% decrease from the 52 week high of $104.43 and a 12.85% increase over the 52 week low of $83.83.
CNI is a part of the Transportation sector, which includes companies such as Union Pacific Corporation ( UNP ) and CSX Corporation ( CSX ). CNI's current earnings per share, an indicator of a company's profitability, is $5.82. Zacks Investment Research reports CNI's forecasted earnings growth in 2013 as 6.24%, compared to an industry average of 10.9%.
For more information on the declaration, record and payment dates, visit the CNI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to CNI through an Exchange Traded Fund [ETF]?
The following ETF(s) have CNI as a top-10 holding:
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is AADR with an increase of 1.99% over the last 100 days. It also has the highest percent weighting of CNI at 4.06%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 1.99% over the last 100 days. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 1.99% over the last 100 days.
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The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 1.99% over the last 100 days. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 1.99% over the last 100 days. A cash dividend payment of $0.408 per share is scheduled to be paid on September 30, 2013.
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2023.0
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2013-07-02 00:00:00 UTC
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Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Ex-Dividend Date Scheduled for July 03, 2013
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AADR
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https://www.nasdaq.com/articles/taiwan-semiconductor-manufacturing-company-ltd-tsm-ex-dividend-date-scheduled-july-03-2013
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nan
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nan
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Taiwan Semiconductor Manufacturing Company Ltd. ( TSM ) will begin trading ex-dividend on July 03, 2013. A cash dividend payment of $0.5019 per share is scheduled to be paid on July 29, 2013. Shareholders who purchased TSM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -0.06% decrease from the prior year.
The previous trading day's last sale of TSM was $18.45, representing a -9.11% decrease from the 52 week high of $20.30 and a 51.98% increase over the 52 week low of $12.14.
TSM is a part of the Technology sector, which includes companies such as Intel Corporation ( INTC ) and Texas Instruments Incorporated ( TXN ). TSM's current earnings per share, an indicator of a company's profitability, is $1.13. Zacks Investment Research reports TSM's forecasted earnings growth in 2013 as 12.04%, compared to an industry average of 16%.
For more information on the declaration, record and payment dates, visit the TSM Dividend History page.
Interested in gaining exposure to TSM through an Exchange Traded Fund [ETF]?
The following ETF(s) have TSM as a top-10 holding:
iShares MSCI ACWI ex US Information Technology ETF ( AXIT )
iShares Goldman Sachs Semiconductor Index Fund ( SOXX )
SPDR MSCI EM 50 ETF ( EMFT )
WCM BNY Mellon Focused Growth ADR ETF ( AADR )
Direxion Emerging Markets Bull 3X Shares ( EDC ).
The top-performing ETF of this group is AXIT with an increase of 19.37% over the last 100 days. It also has the highest percent weighting of TSM at 9.39%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Direxion Emerging Markets Bull 3X Shares ( EDC ). Shareholders who purchased TSM stock prior to the ex-dividend date are eligible for the cash dividend payment. TSM is a part of the Technology sector, which includes companies such as Intel Corporation ( INTC ) and Texas Instruments Incorporated ( TXN ).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Direxion Emerging Markets Bull 3X Shares ( EDC ). The following ETF(s) have TSM as a top-10 holding: iShares MSCI ACWI ex US Information Technology ETF ( AXIT ) iShares Goldman Sachs Semiconductor Index Fund ( SOXX )
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WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Direxion Emerging Markets Bull 3X Shares ( EDC ). Shareholders who purchased TSM stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of TSM was $18.45, representing a -9.11% decrease from the 52 week high of $20.30 and a 51.98% increase over the 52 week low of $12.14.
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WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Direxion Emerging Markets Bull 3X Shares ( EDC ). A cash dividend payment of $0.5019 per share is scheduled to be paid on July 29, 2013. Shareholders who purchased TSM stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2024.0
|
2013-06-04 00:00:00 UTC
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Canadian National Railway Company (CNI) Ex-Dividend Date Scheduled for June 05, 2013
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AADR
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https://www.nasdaq.com/articles/canadian-national-railway-company-cni-ex-dividend-date-scheduled-june-05-2013-2013-06-04
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nan
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nan
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Canadian National Railway Company ( CNI ) will begin trading ex-dividend on June 05, 2013. A cash dividend payment of $0.4157 per share is scheduled to be paid on June 28, 2013. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -0.41% decrease from the prior quarter. At the current stock price of $102.66, the dividend yield is 1.62%.
The previous trading day's last sale of CNI was $102.66, representing a -1.69% decrease from the 52 week high of $104.43 and a 31.16% increase over the 52 week low of $78.27.
CNI is a part of the Transportation sector, which includes companies such as Union Pacific Corporation ( UNP ) and CSX Corporation ( CSX ). CNI's current earnings per share, an indicator of a company's profitability, is $5.6. Zacks Investment Research reports CNI's forecasted earnings growth in 2013 as 8.44%, compared to an industry average of 18.4%.
For more information on the declaration, record and payment dates, visit the CNI Dividend History page.
Interested in gaining exposure to CNI through an Exchange Traded Fund [ETF]?
The following ETF(s) have CNI as a top-10 holding:
WCM BNY Mellon Focused Growth ADR ETF ( AADR ).
The top-performing ETF of this group is AADR with an increase of 14.97% over the last 100 days. It also has the highest percent weighting of CNI at 4.11%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 14.97% over the last 100 days. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 14.97% over the last 100 days.
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The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 14.97% over the last 100 days. Shareholders who purchased CNI stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have CNI as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ). The top-performing ETF of this group is AADR with an increase of 14.97% over the last 100 days. A cash dividend payment of $0.4157 per share is scheduled to be paid on June 28, 2013.
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2025.0
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2013-06-04 00:00:00 UTC
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Coca-Cola Enterprises, Inc. (CCE) Ex-Dividend Date Scheduled for June 05, 2013
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AADR
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https://www.nasdaq.com/articles/coca-cola-enterprises-inc-cce-ex-dividend-date-scheduled-june-05-2013-2013-06-04
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nan
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nan
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Coca-Cola Enterprises, Inc. ( CCE ) will begin trading ex-dividend on June 05, 2013. A cash dividend payment of $0.2 per share is scheduled to be paid on June 20, 2013. Shareholders who purchased CCE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 25% increase over the same period a year ago. At the current stock price of $37.38, the dividend yield is 2.14%.
The previous trading day's last sale of CCE was $37.38, representing a -5.13% decrease from the 52 week high of $39.40 and a 43.49% increase over the 52 week low of $26.05.
CCE is a part of the Consumer Non-Durables sector, which includes companies such as Fomento Economico Mexicano S.A.B. de C.V. ( FMX ) and Coca-Cola Company ( KO ). CCE's current earnings per share, an indicator of a company's profitability, is $2.11. Zacks Investment Research reports CCE's forecasted earnings growth in 2013 as 10.93%, compared to an industry average of 8.7%.
For more information on the declaration, record and payment dates, visit the CCE Dividend History page.
Interested in gaining exposure to CCE through an Exchange Traded Fund [ETF]?
The following ETF(s) have CCE as a top-10 holding:
WCM BNY Mellon Focused Growth ADR ETF ( AADR )
Guggenheim S&P 500 Equal Weight Consumer Staples ETF ( RHS )
Guggenheim Russell MidCap Equal Weight ETF ( EWRM ).
The top-performing ETF of this group is RHS with an increase of 16.81% over the last 100 days. AADR has the highest percent weighting of CCE at 4.59%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have CCE as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Guggenheim S&P 500 Equal Weight Consumer Staples ETF ( RHS ) Guggenheim Russell MidCap Equal Weight ETF ( EWRM ). AADR has the highest percent weighting of CCE at 4.59%. Shareholders who purchased CCE stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have CCE as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Guggenheim S&P 500 Equal Weight Consumer Staples ETF ( RHS ) Guggenheim Russell MidCap Equal Weight ETF ( EWRM ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AADR has the highest percent weighting of CCE at 4.59%.
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The following ETF(s) have CCE as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Guggenheim S&P 500 Equal Weight Consumer Staples ETF ( RHS ) Guggenheim Russell MidCap Equal Weight ETF ( EWRM ). AADR has the highest percent weighting of CCE at 4.59%. Shareholders who purchased CCE stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have CCE as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Guggenheim S&P 500 Equal Weight Consumer Staples ETF ( RHS ) Guggenheim Russell MidCap Equal Weight ETF ( EWRM ). AADR has the highest percent weighting of CCE at 4.59%. Shareholders who purchased CCE stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2026.0
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2013-04-23 00:00:00 UTC
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Core Laboratories N.V. (CLB) Ex-Dividend Date Scheduled for April 24, 2013
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AADR
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https://www.nasdaq.com/articles/core-laboratories-nv-clb-ex-dividend-date-scheduled-april-24-2013-2013-04-23
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nan
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nan
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Core Laboratories N.V. ( CLB ) will begin trading ex-dividend on April 24, 2013. A cash dividend payment of $0.32 per share is scheduled to be paid on May 24, 2013. Shareholders who purchased CLB stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 14.29% increase over the same period a year ago. At the current stock price of $144.37, the dividend yield is .89%.
The previous trading day's last sale of CLB was $144.37, representing a -0.95% decrease from the 52 week high of $145.76 and a 52.42% increase over the 52 week low of $94.72.
CLB is a part of the Energy sector, which includes companies such as Schlumberger N.V. ( SLB ) and Halliburton Company ( HAL ). CLB's current earnings per share, an indicator of a company's profitability, is $4.64. Zacks Investment Research reports CLB's forecasted earnings growth in 2013 as 16.49%, compared to an industry average of -3.3%.
For more information on the declaration, record and payment dates, visit the CLB Dividend History page.
Interested in gaining exposure to CLB through an Exchange Traded Fund [ETF]?
The following ETF(s) have CLB as a top-10 holding:
IQ Global Oil Small Cap ETF ( IOIL )
PowerShares Dynamic Oil Services ( PXJ )
WCM BNY Mellon Focused Growth ADR ETF ( AADR )
SPDR Series Trust SPDR S&P Oil & Gas Equipment & Services ETF ( XES ).
The top-performing ETF of this group is XES with an increase of 25.72% over the last 100 days. IOIL has the highest percent weighting of CLB at 9.83%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have CLB as a top-10 holding: IQ Global Oil Small Cap ETF ( IOIL ) PowerShares Dynamic Oil Services ( PXJ ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) SPDR Series Trust SPDR S&P Oil & Gas Equipment & Services ETF ( XES ). Shareholders who purchased CLB stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports CLB's forecasted earnings growth in 2013 as 16.49%, compared to an industry average of -3.3%.
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The following ETF(s) have CLB as a top-10 holding: IQ Global Oil Small Cap ETF ( IOIL ) PowerShares Dynamic Oil Services ( PXJ ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) SPDR Series Trust SPDR S&P Oil & Gas Equipment & Services ETF ( XES ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have CLB as a top-10 holding: IQ Global Oil Small Cap ETF ( IOIL ) PowerShares Dynamic Oil Services ( PXJ ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) SPDR Series Trust SPDR S&P Oil & Gas Equipment & Services ETF ( XES ). Shareholders who purchased CLB stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of CLB was $144.37, representing a -0.95% decrease from the 52 week high of $145.76 and a 52.42% increase over the 52 week low of $94.72.
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The following ETF(s) have CLB as a top-10 holding: IQ Global Oil Small Cap ETF ( IOIL ) PowerShares Dynamic Oil Services ( PXJ ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) SPDR Series Trust SPDR S&P Oil & Gas Equipment & Services ETF ( XES ). Shareholders who purchased CLB stock prior to the ex-dividend date are eligible for the cash dividend payment. CLB's current earnings per share, an indicator of a company's profitability, is $4.64.
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2027.0
|
2013-04-16 00:00:00 UTC
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ARM Holdings plc (ARMH) Ex-Dividend Date Scheduled for April 17, 2013
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AADR
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https://www.nasdaq.com/articles/arm-holdings-plc-armh-ex-dividend-date-scheduled-april-17-2013-2013-04-16
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nan
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nan
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ARM Holdings plc ( ARMH ) will begin trading ex-dividend on April 17, 2013. A cash dividend payment of $0.1342 per share is scheduled to be paid on May 28, 2013. Shareholders who purchased ARMH stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 67.12% increase over the prior quarter.
The previous trading day's last sale of ARMH was $40.41, representing a -9.13% decrease from the 52 week high of $44.47 and a 86.74% increase over the 52 week low of $21.64.
ARMH is a part of the Technology sector, which includes companies such as Intel Corporation ( INTC ) and Taiwan Semiconductor Manufacturing Company Ltd. ( TSM ). ARMH's current earnings per share, an indicator of a company's profitability, is $.54. Zacks Investment Research reports ARMH's forecasted earnings growth in 2013 as 41.48%, compared to an industry average of 5.5%.
For more information on the declaration, record and payment dates, visit the ARMH Dividend History page.
Interested in gaining exposure to ARMH through an Exchange Traded Fund [ETF]?
The following ETF(s) have ARMH as a top-10 holding:
WCM BNY Mellon Focused Growth ADR ETF ( AADR )
Guggenheim Raymond James SB-1 Equity Fund ( RYJ ).
The top-performing ETF of this group is AADR with an increase of 15.11% over the last 100 days. It also has the highest percent weighting of ARMH at 4.4%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have ARMH as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Guggenheim Raymond James SB-1 Equity Fund ( RYJ ). The top-performing ETF of this group is AADR with an increase of 15.11% over the last 100 days. Shareholders who purchased ARMH stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following ETF(s) have ARMH as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Guggenheim Raymond James SB-1 Equity Fund ( RYJ ). The top-performing ETF of this group is AADR with an increase of 15.11% over the last 100 days.
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The following ETF(s) have ARMH as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Guggenheim Raymond James SB-1 Equity Fund ( RYJ ). The top-performing ETF of this group is AADR with an increase of 15.11% over the last 100 days. Shareholders who purchased ARMH stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The top-performing ETF of this group is AADR with an increase of 15.11% over the last 100 days. The following ETF(s) have ARMH as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Guggenheim Raymond James SB-1 Equity Fund ( RYJ ). A cash dividend payment of $0.1342 per share is scheduled to be paid on May 28, 2013.
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2028.0
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2013-04-08 00:00:00 UTC
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Potash Corporation of Saskatchewan Inc. (POT) Ex-Dividend Date Scheduled for April 09, 2013
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AADR
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https://www.nasdaq.com/articles/potash-corporation-saskatchewan-inc-pot-ex-dividend-date-scheduled-april-09-2013-2013-04
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nan
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nan
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Potash Corporation of Saskatchewan Inc. ( POT ) will begin trading ex-dividend on April 09, 2013. A cash dividend payment of $0.28 per share is scheduled to be paid on May 02, 2013. Shareholders who purchased POT stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 33.33% increase over the prior quarter. At the current stock price of $39.42, the dividend yield is 2.84%.
The previous trading day's last sale of POT was $39.42, representing a -14.6% decrease from the 52 week high of $46.16 and a 7.32% increase over the 52 week low of $36.73.
POT is a part of the Basic Industries sector, which includes companies such as Monsanto Company ( MON ) and Syngenta AG ( SYT ). POT's current earnings per share, an indicator of a company's profitability, is $2.38. Zacks Investment Research reports POT's forecasted earnings growth in 2013 as 6.75%, compared to an industry average of 7.3%.
For more information on the declaration, record and payment dates, visit the POT Dividend History page.
Interested in gaining exposure to POT through an Exchange Traded Fund [ETF]?
The following ETF(s) have POT as a top-10 holding:
Market Vectors Agribusiness ETF ( MOO )
WCM BNY Mellon Focused Growth ADR ETF ( AADR )
Market Vectors Hard Assets Producers ETF ( HAP )
db-X trackers MSCI Canada Hedged Equity Fund ( DBCN ).
The top-performing ETF of this group is AADR with an increase of 15.11% over the last 100 days. MOO has the highest percent weighting of POT at 6.61%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have POT as a top-10 holding: Market Vectors Agribusiness ETF ( MOO ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Market Vectors Hard Assets Producers ETF ( HAP ) db-X trackers MSCI Canada Hedged Equity Fund ( DBCN ). The top-performing ETF of this group is AADR with an increase of 15.11% over the last 100 days. Shareholders who purchased POT stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have POT as a top-10 holding: Market Vectors Agribusiness ETF ( MOO ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Market Vectors Hard Assets Producers ETF ( HAP ) db-X trackers MSCI Canada Hedged Equity Fund ( DBCN ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The top-performing ETF of this group is AADR with an increase of 15.11% over the last 100 days.
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The following ETF(s) have POT as a top-10 holding: Market Vectors Agribusiness ETF ( MOO ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Market Vectors Hard Assets Producers ETF ( HAP ) db-X trackers MSCI Canada Hedged Equity Fund ( DBCN ). The top-performing ETF of this group is AADR with an increase of 15.11% over the last 100 days. Shareholders who purchased POT stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The top-performing ETF of this group is AADR with an increase of 15.11% over the last 100 days. The following ETF(s) have POT as a top-10 holding: Market Vectors Agribusiness ETF ( MOO ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Market Vectors Hard Assets Producers ETF ( HAP ) db-X trackers MSCI Canada Hedged Equity Fund ( DBCN ). Shareholders who purchased POT stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2029.0
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2013-03-25 00:00:00 UTC
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Ace Limited (ACE) Ex-Dividend Date Scheduled for March 26, 2013
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AADR
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https://www.nasdaq.com/articles/ace-limited-ace-ex-dividend-date-scheduled-march-26-2013-2013-03-25
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nan
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nan
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Ace Limited ( ACE ) will begin trading ex-dividend on March 26, 2013. A cash dividend payment of $0.49 per share is scheduled to be paid on April 12, 2013. Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that ACE has paid the same dividend.
The previous trading day's last sale of ACE was $88.11, representing a -1.07% decrease from the 52 week high of $89.06 and a 27.73% increase over the 52 week low of $68.98.
ACE is a part of the Finance sector, which includes companies such as American International Group, Inc. ( AIG ) and The Travelers Companies, Inc. ( TRV ). ACE's current earnings per share, an indicator of a company's profitability, is $7.88. Zacks Investment Research reports ACE's forecasted earnings growth in 2013 as .39%, compared to an industry average of 3.4%.
For more information on the declaration, record and payment dates, visit the ACE Dividend History page.
Interested in gaining exposure to ACE through an Exchange Traded Fund [ETF]?
The following ETF(s) have ACE as a top-10 holding:
iShares Dow Jones U.S. Insurance Index Fund ( IAK )
PowerShares Dynamic Insurance Portfolio (PIC)
WCM BNY Mellon Focused Growth ADR ETF ( AADR )
PowerShares Dynamic Financial ( PFI )
PowerShares Dynamic LargeCap Value ( PWV ).
The top-performing ETF of this group is IAK with an increase of 13.29% over the last 100 days. It also has the highest percent weighting of ACE at 6.24%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have ACE as a top-10 holding: iShares Dow Jones U.S. Insurance Index Fund ( IAK ) PowerShares Dynamic Insurance Portfolio (PIC) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) PowerShares Dynamic Financial ( PFI ) PowerShares Dynamic LargeCap Value ( PWV ). Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ACE's forecasted earnings growth in 2013 as .39%, compared to an industry average of 3.4%.
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The following ETF(s) have ACE as a top-10 holding: iShares Dow Jones U.S. Insurance Index Fund ( IAK ) PowerShares Dynamic Insurance Portfolio (PIC) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) PowerShares Dynamic Financial ( PFI ) PowerShares Dynamic LargeCap Value ( PWV ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have ACE as a top-10 holding: iShares Dow Jones U.S. Insurance Index Fund ( IAK ) PowerShares Dynamic Insurance Portfolio (PIC) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) PowerShares Dynamic Financial ( PFI ) PowerShares Dynamic LargeCap Value ( PWV ). Ace Limited ( ACE ) will begin trading ex-dividend on March 26, 2013. Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have ACE as a top-10 holding: iShares Dow Jones U.S. Insurance Index Fund ( IAK ) PowerShares Dynamic Insurance Portfolio (PIC) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) PowerShares Dynamic Financial ( PFI ) PowerShares Dynamic LargeCap Value ( PWV ). A cash dividend payment of $0.49 per share is scheduled to be paid on April 12, 2013. Shareholders who purchased ACE stock prior to the ex-dividend date are eligible for the cash dividend payment.
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2030.0
|
2013-03-04 00:00:00 UTC
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Coca-Cola Enterprises, Inc. (CCE) Ex-Dividend Date Scheduled for March 06, 2013
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AADR
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https://www.nasdaq.com/articles/coca-cola-enterprises-inc-cce-ex-dividend-date-scheduled-march-06-2013-2013-03-04
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nan
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nan
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Coca-Cola Enterprises, Inc. ( CCE ) will begin trading ex-dividend on March 06, 2013. A cash dividend payment of $0.2 per share is scheduled to be paid on March 21, 2013. Shareholders who purchased CCE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 25% increase over the prior quarter.
The previous trading day's last sale of CCE was $35.57, representing a -2.73% decrease from the 52 week high of $36.57 and a 36.55% increase over the 52 week low of $26.05.
CCE is a part of the Consumer Non-Durables sector, which includes companies such as Fomento Economico Mexicano S.A.B. de C.V. ( FMX ) and Coca-Cola Company ( KO ). CCE's current earnings per share, an indicator of a company's profitability, is $2.25. Zacks Investment Research reports CCE's forecasted earnings growth in 2013 as 12.39%, compared to an industry average of 9.1%.
For more information on the declaration, record and payment dates, visit the CCE Dividend History page.
Interested in gaining exposure to CCE through an Exchange Traded Fund [ETF]?
The following ETF(s) have CCE as a top-10 holding:
WCM BNY Mellon Focused Growth ADR ETF ( AADR )
Guggenheim S&P 500 Equal Weight Consumer Staples ETF ( RHS )
Guggenheim Russell MidCap Equal Weight ETF ( EWRM ).
The top-performing ETF of this group is AADR with an increase of 17.13% over the last 100 days. It also has the highest percent weighting of CCE at 4.2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have CCE as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Guggenheim S&P 500 Equal Weight Consumer Staples ETF ( RHS ) Guggenheim Russell MidCap Equal Weight ETF ( EWRM ). The top-performing ETF of this group is AADR with an increase of 17.13% over the last 100 days. Shareholders who purchased CCE stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have CCE as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Guggenheim S&P 500 Equal Weight Consumer Staples ETF ( RHS ) Guggenheim Russell MidCap Equal Weight ETF ( EWRM ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The top-performing ETF of this group is AADR with an increase of 17.13% over the last 100 days.
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The following ETF(s) have CCE as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Guggenheim S&P 500 Equal Weight Consumer Staples ETF ( RHS ) Guggenheim Russell MidCap Equal Weight ETF ( EWRM ). The top-performing ETF of this group is AADR with an increase of 17.13% over the last 100 days. Shareholders who purchased CCE stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have CCE as a top-10 holding: WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Guggenheim S&P 500 Equal Weight Consumer Staples ETF ( RHS ) Guggenheim Russell MidCap Equal Weight ETF ( EWRM ). The top-performing ETF of this group is AADR with an increase of 17.13% over the last 100 days. A cash dividend payment of $0.2 per share is scheduled to be paid on March 21, 2013.
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2031.0
|
2013-01-11 00:00:00 UTC
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Potash Corporation of Saskatchewan Inc. (POT) Ex-Dividend Date Scheduled for January 15, 2013
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AADR
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https://www.nasdaq.com/articles/potash-corporation-saskatchewan-inc-pot-ex-dividend-date-scheduled-january-15-2013-2013-01
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nan
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nan
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Potash Corporation of Saskatchewan Inc. ( POT ) will begin trading ex-dividend on January 15, 2013. A cash dividend payment of $0.21 per share is scheduled to be paid on February 07, 2013. Shareholders who purchased POT stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 200% increase over the same period a year ago.
The previous trading day's last sale of POT was $42.78, representing a -10.88% decrease from the 52 week high of $48 and a 16.47% increase over the 52 week low of $36.73.
POT is a part of the Basic Industries sector, which includes companies such as Monsanto Company ( MON ) and Syngenta AG ( SYT ). POT's current earnings per share, an indicator of a company's profitability, is $2.68. Zacks Investment Research reports POT's forecasted earnings growth in 2012 as -18.08%, compared to an industry average of -1.1%.
For more information on the declaration, record and payment dates, visit the POT Dividend History page.
Interested in gaining exposure to POT through an Exchange Traded Fund [ETF]?
The following ETF(s) have POT as a top-10 holding:
Market Vectors Agribusiness ETF ( MOO )
WCM BNY Mellon Focused Growth ADR ETF ( AADR )
Market Vectors Hard Assets Producers ETF ( HAP )
db-X MSCI Canada Currency Hedged Equity Fund ( DBCN ).
The top-performing ETF of this group is AADR with an increase of 10.15% over the last 100 days. MOO has the highest percent weighting of POT at 6.76%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following ETF(s) have POT as a top-10 holding: Market Vectors Agribusiness ETF ( MOO ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Market Vectors Hard Assets Producers ETF ( HAP ) db-X MSCI Canada Currency Hedged Equity Fund ( DBCN ). The top-performing ETF of this group is AADR with an increase of 10.15% over the last 100 days. Shareholders who purchased POT stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The following ETF(s) have POT as a top-10 holding: Market Vectors Agribusiness ETF ( MOO ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Market Vectors Hard Assets Producers ETF ( HAP ) db-X MSCI Canada Currency Hedged Equity Fund ( DBCN ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The top-performing ETF of this group is AADR with an increase of 10.15% over the last 100 days.
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The following ETF(s) have POT as a top-10 holding: Market Vectors Agribusiness ETF ( MOO ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Market Vectors Hard Assets Producers ETF ( HAP ) db-X MSCI Canada Currency Hedged Equity Fund ( DBCN ). The top-performing ETF of this group is AADR with an increase of 10.15% over the last 100 days. Shareholders who purchased POT stock prior to the ex-dividend date are eligible for the cash dividend payment.
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The top-performing ETF of this group is AADR with an increase of 10.15% over the last 100 days. The following ETF(s) have POT as a top-10 holding: Market Vectors Agribusiness ETF ( MOO ) WCM BNY Mellon Focused Growth ADR ETF ( AADR ) Market Vectors Hard Assets Producers ETF ( HAP ) db-X MSCI Canada Currency Hedged Equity Fund ( DBCN ). A cash dividend payment of $0.21 per share is scheduled to be paid on February 07, 2013.
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2032.0
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2012-07-20 00:00:00 UTC
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Noah Hamman: HDGE, The Tip Of An Iceberg
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AADR
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https://www.nasdaq.com/articles/noah-hamman-hdge-tip-iceberg-2012-07-20
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nan
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nan
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The vast majority of the more than $1.2 trillion in ETF assets are in passive, indexed strategies. But that hasn't deterred AdvisorShares Chief Executive Officer Noah Hamman from leading the charge to define a more active future in the world of exchange-traded funds. His firm helps active managers bring their strategies to market in ETF wrappers, and his biggest fund, the AdvisorShares Active Bear ETF (NYSEArca:HDGE), has $326 million in assets, or just over half of all the assets to his firm's name.
In an interview with IndexUniverse Correspondent Cinthia Murphy, Hamman acknowledged that market development for active ETFs has so far been a tough row to hoe, but said the same was true for index ETFs in the early years. He argued that most mutual fund assets remain in active strategies, and because investors want alpha, a lot of those assets stand a decent chance of migrating into active ETFs.
Murphy :I have been told recently that the next wave of growth in the ETF industry will not come as much from 401(k)s as from a boom in actively managed strategies. I assume you would be in that camp, right?
Hamman :The majority of investor assets in equities mutual funds-something like 80 percent, last time I checked-is tied to actively managed strategies. It's a really big number. It's investors voting with their dollars to say they want active management. So we look at that and we see the potential. But it's a slow process to tap into that demand.
Murphy :For an active ETF provider like AdvisorShares, then, the competition is mutual funds rather than index-fund firms?
Hamman :I often get that question:'How are you going to compete with iShares, PowerShares, SSgA?' And I always answer it the same way:We are not competing against those guys. We are competing with actively managed mutual funds.
Murphy :So an active ETF should not be seen as a replacement for a passive strategy, but rather a complement to it in an overall portfolio?
Hamman :Investors really need a balance between asset class diversification and manager diversification. You go out and get exposure to an asset class either broadly or granularly through an index-based strategy. When you see an index ETF, you automatically know whether you want that beta exposure or not. But in an active fund, you look at a manager's track record and you choose whether to add that to your mix or not.
Murphy :Meaning, ideally investors would own, say, (NYSEArca:SPY) and then add various active funds to complement and/or hedge their positions?
Hamman :Definitely. With active management, you might want different management approaches to a certain exposure, like one manager who focuses on fundamentals, one who is keen on technicals, etc. In the end, it's all about getting manager-style diversification on top of your asset class diversification.
Murphy :If the potential is this great, why are so many actively managed ETFs struggling to stay afloat?
Hamman :To put this into perspective, if you look at the first four years of index-based strategies-ETFs first came to be in 1993-and look at the first four years of active management, with the first actively managed ETF coming to market in 2008, you will see that active funds have gathered far more assets and launched far more products in that same time frame. On a relative basis, active ETFs have taken off to a great start.
Murphy :But one could argue that active ETFs are entering a well-established marketplace already where index funds had to blaze a new trail.
Hamman :I have to give credit to index ETFs for laying the groundwork, no doubt. But conversely, I can also say that the early ETFs were very institutional-focused, they were big-ticket items. Active ETFs are largely not for institutions right now; they have tended to target the smaller, retail investor, so it been harder to accumulate assets because they are smaller ticket items. I do believe institutional will use active ETFs, but it will definitely take some time and growth.
Don't forget to check IndexUniverse.com's ETF Data section.
Copyright ® 2012 IndexUniverse LLC . All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But that hasn't deterred AdvisorShares Chief Executive Officer Noah Hamman from leading the charge to define a more active future in the world of exchange-traded funds. Murphy :I have been told recently that the next wave of growth in the ETF industry will not come as much from 401(k)s as from a boom in actively managed strategies. Hamman :The majority of investor assets in equities mutual funds-something like 80 percent, last time I checked-is tied to actively managed strategies.
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We are competing with actively managed mutual funds. Hamman :Investors really need a balance between asset class diversification and manager diversification. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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His firm helps active managers bring their strategies to market in ETF wrappers, and his biggest fund, the AdvisorShares Active Bear ETF (NYSEArca:HDGE), has $326 million in assets, or just over half of all the assets to his firm's name. He argued that most mutual fund assets remain in active strategies, and because investors want alpha, a lot of those assets stand a decent chance of migrating into active ETFs. Hamman :To put this into perspective, if you look at the first four years of index-based strategies-ETFs first came to be in 1993-and look at the first four years of active management, with the first actively managed ETF coming to market in 2008, you will see that active funds have gathered far more assets and launched far more products in that same time frame.
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We are competing with actively managed mutual funds. You go out and get exposure to an asset class either broadly or granularly through an index-based strategy. Hamman :Definitely.
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2033.0
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2012-06-27 00:00:00 UTC
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Best/Worst Daily ETF Returns: Commodities Shine
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AADR
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https://www.nasdaq.com/articles/bestworst-daily-etf-returns-commodities-shine-2012-06-27
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nan
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nan
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The iPath Dow Jones-UBS Coffee Total Return ETN (NYSEArca:JO) was the best-performing exchange-traded product yesterday, riding the coattails of a rising stock market and leading a pack of other commodities funds that also rose.
JO was also buoyed by strength in the coffee futures market, as a wave of buying interest met technical indicators that pushed coffee values through four-week highs. JO gained 4.82 percent on the day.
That strong performance came in as the Dow Jones industrial average climbed 32.01 points, or 0.3 percent, to end the day higher at 12,534.67 as the market took a breather from selling driven by anxiety about the eurozone.
The other commodities ETFs among Tuesday's best-performing funds included the Teucrium Corn Fund (NYSEArca:CORN), which tagged on gains of almost 3.5 percent. It has risen about 17 percent so far this month.
The fund was boosted by concerns that dry and hot weather across the U.S. Midwest could seriously hinder corn yields and hurt the supply side of the corn market. Corn futures prices yesterday hit nine-month highs.
Still, weak U.S. consumer confidence and concerns that the upcoming two-day summit of European leaders might not yield a solution to the eurozone's debt crisis continued to overhang the market and weigh on equities in general.
The AdvisorShares WMW/BNY Mellon Focused Growth ADR ETF (NYSEArca:AADR) gave up nearly 3.3 percent on the day, while the SPDR S&P International Industrial ETF (NYSEArca:IPN) dropped 2.76 percent.
The worst-performing fund yesterday, however, was the Elements Credit Suisse Global Warming ETN (NYSEArca:GWO), which shed 8.26 percent in value. The environment-focused strategy serves up focused exposure to companies that work to minimize global warming.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Disclaimer:All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.
Permalink | 'copy; Copyright 2009 IndexUniverse LLC. All rights reserved
Don't forget to check IndexUniverse.com's ETF Data section.
Copyright ® 2012 IndexUniverse LLC . All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The AdvisorShares WMW/BNY Mellon Focused Growth ADR ETF (NYSEArca:AADR) gave up nearly 3.3 percent on the day, while the SPDR S&P International Industrial ETF (NYSEArca:IPN) dropped 2.76 percent. The iPath Dow Jones-UBS Coffee Total Return ETN (NYSEArca:JO) was the best-performing exchange-traded product yesterday, riding the coattails of a rising stock market and leading a pack of other commodities funds that also rose. That strong performance came in as the Dow Jones industrial average climbed 32.01 points, or 0.3 percent, to end the day higher at 12,534.67 as the market took a breather from selling driven by anxiety about the eurozone.
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The AdvisorShares WMW/BNY Mellon Focused Growth ADR ETF (NYSEArca:AADR) gave up nearly 3.3 percent on the day, while the SPDR S&P International Industrial ETF (NYSEArca:IPN) dropped 2.76 percent. The other commodities ETFs among Tuesday's best-performing funds included the Teucrium Corn Fund (NYSEArca:CORN), which tagged on gains of almost 3.5 percent. Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded Disclaimer:All data as of 6 a.m. Eastern time the date the article is published.
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The AdvisorShares WMW/BNY Mellon Focused Growth ADR ETF (NYSEArca:AADR) gave up nearly 3.3 percent on the day, while the SPDR S&P International Industrial ETF (NYSEArca:IPN) dropped 2.76 percent. The iPath Dow Jones-UBS Coffee Total Return ETN (NYSEArca:JO) was the best-performing exchange-traded product yesterday, riding the coattails of a rising stock market and leading a pack of other commodities funds that also rose. The other commodities ETFs among Tuesday's best-performing funds included the Teucrium Corn Fund (NYSEArca:CORN), which tagged on gains of almost 3.5 percent.
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The AdvisorShares WMW/BNY Mellon Focused Growth ADR ETF (NYSEArca:AADR) gave up nearly 3.3 percent on the day, while the SPDR S&P International Industrial ETF (NYSEArca:IPN) dropped 2.76 percent. JO gained 4.82 percent on the day. The other commodities ETFs among Tuesday's best-performing funds included the Teucrium Corn Fund (NYSEArca:CORN), which tagged on gains of almost 3.5 percent.
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2034.0
|
2011-01-20 00:00:00 UTC
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AdvisorShares, TrimTabs Plan Equities ETF
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AADR
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https://www.nasdaq.com/articles/advisorshares-trimtabs-plan-equities-etf-2011-01-20
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nan
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nan
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Don't forget to check IndexUniverse.com's ETF Data section.
Copyright ® 2011 Index Publications LLC . All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Don't forget to check IndexUniverse.com's ETF Data section. Copyright ® 2011 Index Publications LLC . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Don't forget to check IndexUniverse.com's ETF Data section.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Don't forget to check IndexUniverse.com's ETF Data section.
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Don't forget to check IndexUniverse.com's ETF Data section. Copyright ® 2011 Index Publications LLC . All Rights Reserved.
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2035.0
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2011-01-12 00:00:00 UTC
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AdvisorShares, TrimTabs Plan ETF
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AADR
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https://www.nasdaq.com/articles/advisorshares-trimtabs-plan-etf-2011-01-12
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nan
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nan
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AdvisorShares, the Bethesda, Md.-based firm known for its actively managed ETFs, has partnered with TrimTabs Asset Management to launch a liquidity-based ETF that looks at supply and demand rather than value when determining which securities to pick.
TrimTabs Asset Management is a subsidiary of TrimTabs Investment Research, a company known for its research and coverage of U.S. stock market liquidity.
The idea behind the partnership is to create an ETF that would serve as an alternative to market-cap or fundamentally weighted core holdings. The methodology looks at stock prices as a function of supply and demand, rather than value, AdvisorShares Chief Executive Officer Noah Hamman said in a press release.
"Most quantitative ETFs focus on easily available price, volume and earnings data," Charles Biderman, TrimTabs founder and chief executive, said in the release. "Since data on the supply and demand for stocks is scattered across many sources, most strategies ignore stock market liquidity."
The companies didn't provide any details on their planned ETF. The new fund would join AdvisorShares' growing roster of actively managed ETFs, which include:
AdvisorShares Dent Tactical ETF (NYSEArca:DENT)
AdvisorShares Mars Hill Global Relative Value ETF (NYSEArca:GRV)
AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca:AADR)
AdvisorShares Cambria Global Tactical ETF (NYSEArca:GTAA)
AdvisorShares Peritus High Yield ETF (NYSEArca:HYLD)
Don't forget to check IndexUniverse.com's ETF Data section.
Copyright ® 2011 Index Publications LLC . All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The new fund would join AdvisorShares' growing roster of actively managed ETFs, which include: AdvisorShares Dent Tactical ETF (NYSEArca:DENT) AdvisorShares Mars Hill Global Relative Value ETF (NYSEArca:GRV) AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca:AADR) AdvisorShares Cambria Global Tactical ETF (NYSEArca:GTAA) AdvisorShares Peritus High Yield ETF (NYSEArca:HYLD) Don't forget to check IndexUniverse.com's ETF Data section. The idea behind the partnership is to create an ETF that would serve as an alternative to market-cap or fundamentally weighted core holdings. The methodology looks at stock prices as a function of supply and demand, rather than value, AdvisorShares Chief Executive Officer Noah Hamman said in a press release.
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The new fund would join AdvisorShares' growing roster of actively managed ETFs, which include: AdvisorShares Dent Tactical ETF (NYSEArca:DENT) AdvisorShares Mars Hill Global Relative Value ETF (NYSEArca:GRV) AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca:AADR) AdvisorShares Cambria Global Tactical ETF (NYSEArca:GTAA) AdvisorShares Peritus High Yield ETF (NYSEArca:HYLD) Don't forget to check IndexUniverse.com's ETF Data section. AdvisorShares, the Bethesda, Md.-based firm known for its actively managed ETFs, has partnered with TrimTabs Asset Management to launch a liquidity-based ETF that looks at supply and demand rather than value when determining which securities to pick. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The new fund would join AdvisorShares' growing roster of actively managed ETFs, which include: AdvisorShares Dent Tactical ETF (NYSEArca:DENT) AdvisorShares Mars Hill Global Relative Value ETF (NYSEArca:GRV) AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca:AADR) AdvisorShares Cambria Global Tactical ETF (NYSEArca:GTAA) AdvisorShares Peritus High Yield ETF (NYSEArca:HYLD) Don't forget to check IndexUniverse.com's ETF Data section. AdvisorShares, the Bethesda, Md.-based firm known for its actively managed ETFs, has partnered with TrimTabs Asset Management to launch a liquidity-based ETF that looks at supply and demand rather than value when determining which securities to pick. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The new fund would join AdvisorShares' growing roster of actively managed ETFs, which include: AdvisorShares Dent Tactical ETF (NYSEArca:DENT) AdvisorShares Mars Hill Global Relative Value ETF (NYSEArca:GRV) AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca:AADR) AdvisorShares Cambria Global Tactical ETF (NYSEArca:GTAA) AdvisorShares Peritus High Yield ETF (NYSEArca:HYLD) Don't forget to check IndexUniverse.com's ETF Data section. AdvisorShares, the Bethesda, Md.-based firm known for its actively managed ETFs, has partnered with TrimTabs Asset Management to launch a liquidity-based ETF that looks at supply and demand rather than value when determining which securities to pick. The idea behind the partnership is to create an ETF that would serve as an alternative to market-cap or fundamentally weighted core holdings.
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2036.0
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2010-07-23 00:00:00 UTC
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ETF Roundup: Emerging Market Bonds for Your Portfolio
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AADR
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https://www.nasdaq.com/articles/etf-roundup-emerging-market-bonds-your-portfolio-2010-07-23
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nan
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nan
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SAN DIEGO (ETFguide.com) - A few new exchange-traded offerings with exposure to emerging market bonds and international stocks have just occurred. Let's analyze them.
Market Vectors Emerging Markets Local Currency Bond Exchange-Traded Fund (NYSEArca: EMLC)
Van Eck Global expanded its ETF lineup by offering a new emerging markets bond ETF linked to the J.P. Morgan Government Bond Index-Emerging Markets Global Core Index. This benchmark currently has 171 holdings with maturities ranging from one to 30 years. The average yield-to-maturity is 6.8% as of July 1, 2010.
The index currently tracks a selection of bonds issued in local currencies by thirteen emerging market countries representing Latin America, Eastern Europe, Africa, and Asia: Brazil, Colombia, Egypt, Hungary, Indonesia, Malaysia, Mexico, Peru, Poland, Russia, South Africa, Thailand, and Turkey. The index is market-cap weighted, with individual country exposures capped at 10 percent to provide more diversification among countries within the index. The fund's net annual expense ratio is 0.49%.
EMLC is the first US-listed ETF designed to offer investors exposure to bonds issued in local currencies by emerging market governments. Van Eck has long been a proponent of emerging markets investing and, as you'll see in the press release, points to the potential for currency appreciation and higher yields in EM countries, relative to their develop counterparts, as part of their thinking behind launching EMLC.
Barclays ETN+ Inverse S&P 500 VIX Short Term Futures ETN (NYSEArca: XXV)
Barclays Capital debuted an exchange-traded note or ETN that provides opposite or inverse exposure to stock market volatility. ETNs are typically linked to the performance of a currency or an index. Like bonds, ETNs carry credit default risk of the financial institution issuing them.
'Investors are increasingly looking for diversified ways to access equity market volatility,' said Philippe El-Asmar, Head of Investor Solutions at Barclays Capital. 'We are pleased to provide them with the first exchange traded product that allows them to express a bearish view on volatility.' The annual fees on XXV are 0.89%.
WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca: AADR)
AdvisorShares launched an actively managed international ETF which is sub-advised by institutional money manager WCM Investment Management (WCM.)
The investment objective of AADR is long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index and the MSCI EAFE Index. AADR will own a large-cap growth portfolio for the non-U.S. universe. The portfolio, which includes developed and emerging markets, is purposely very different from international benchmarks and other international funds. WCM is concentrated on 20-30 holdings and emphasizes traditional growth sectors such as technology, healthcare and consumer staples/discretionary. AADR's annual expense ratio is 1.25%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca: AADR) AdvisorShares launched an actively managed international ETF which is sub-advised by institutional money manager WCM Investment Management (WCM.) The investment objective of AADR is long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index and the MSCI EAFE Index. AADR will own a large-cap growth portfolio for the non-U.S. universe.
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WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca: AADR) AdvisorShares launched an actively managed international ETF which is sub-advised by institutional money manager WCM Investment Management (WCM.) The investment objective of AADR is long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index and the MSCI EAFE Index. AADR will own a large-cap growth portfolio for the non-U.S. universe.
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WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca: AADR) AdvisorShares launched an actively managed international ETF which is sub-advised by institutional money manager WCM Investment Management (WCM.) The investment objective of AADR is long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index and the MSCI EAFE Index. AADR will own a large-cap growth portfolio for the non-U.S. universe.
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WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca: AADR) AdvisorShares launched an actively managed international ETF which is sub-advised by institutional money manager WCM Investment Management (WCM.) The investment objective of AADR is long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index and the MSCI EAFE Index. AADR will own a large-cap growth portfolio for the non-U.S. universe.
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2037.0
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2023-12-16 20:00:00 UTC
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COLUMN-Funds less negative on copper as supply landscape shifts: Andy Home
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AAL
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https://www.nasdaq.com/articles/column-funds-less-negative-on-copper-as-supply-landscape-shifts%3A-andy-home
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nan
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nan
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By Andy Home
LONDON, Dec 19 (Reuters) - Funds have been reducing their bets on lower copper prices as macroeconomic headwinds abate and the market collectively reassesses copper's supply dynamics.
Money managers are now marginally net long of copper on both the London Metal Exchange (LME) and CME contracts.
The shift in positioning has been playing out since the end of October, when LME three-month copper CMCU3 was threatening to break down through key technical support at May lows between $7,867 and $7,871 per metric ton.
The anticipated collapse never happened and London copper has since recovered to $8,530.
The price rebound has triggered a change of stance among short-term momentum funds. But the effect has been amplified by expectations that the U.S. rate tightening cycle has passed its peak and by signs that copper supply is not as robust as previously thought.
BEARS BEAT A RETREAT
Fund managers were collectively net short of CME copper to the tune of 21,553 contracts at the end of October, when the price looked likely to break out of its 2023 range on the downside.
They have since shifted to a collective net long of 6,866 contracts, according to the most recent Commitments of Traders Report.
The turnaround reflects a sharp reduction in outright short positions from 76,717 contracts to 46,558 contracts while outright long positions are little changed.
Investor positioning in London has closely mirrored that on the other side of the Atlantic.
Investment funds have collectively flipped from a net LME short position of 15,116 contracts in October to a net long position of 15,046 contracts, with bear bets falling from 47,714 contracts to 25,674.
As with the CME copper contract, there is little enthusiasm for going outright long, particularly among the heavier-weight investment players captured in the LME's "other financial" category, but the collective short play is over for now.
RETHINKING SUPPLY
Federal Reserve Chair Jerome Powell last week said that the US central bank was likely to be done with raising interest rates, which has lifted some of the pressure weighing on copper in recent months.
That change in macro mood music has coincided with a string of bullish developments within copper's micro dynamics.
Copper supply, once again, is turning out to be a lot less resilient than expected.
Although most analysts are almost universally bullish on copper's medium-term prospects thanks to the metal's core role in the energy transition story, the shorter-term outlook was significantly different owing to an expected surge in mine supply this year and next.
However, the prospect of near-term surplus is fading fast.
The first warning sign was the low treatment charges negotiated between Chinese smelters and miners for next year's deliveries.
Chinese smelters were hoping at the very least to roll over this year's terms of $88 a ton and 8.8 cents per pound for converting concentrates to refined metal, but they have accepted a reduction to $80 and 8.0 cents respectively for 2024.
The first such drop in three years signalled a mutual admission that the raw materials market wasn't going to be as well supplied as expected.
CLOSURE AND DOWNGRADES
It seems to have been a good call. Within days of the benchmark smelter terms being agreed, one major mine has been forced to close while two big producers have downgraded their production guidance.
The Panama government ordered the closure of First Quantum's FM.TO Cobre Panama mine this month after the country's top court ruled that the company's mining licence was unconstitutional.
The mine entered production in 2019 and generated 350,000 tons of contained copper last year, meaning its loss is a big hit to global supply.
Both Anglo American AAL.L and Brazil's Vale VALE3.SA, meanwhile, have lowered production guidance for 2024 and 2025.
Anglo has reduced its guidance by 180,000-210,000 tons next year and by 150,000-180,000 tons in 2025, citing geological problems at its Quellaveco mine in Peru and a planned temporary closure of a processing plant at Los Bronces in Chile.
Vale's updated guidance was less dramatic but sufficient for analysts at Macquarie Bank to take a cumulative 100,000 tons off their mine supply forecasts through 2026.
They are not alone in going back to their supply calculations.
A pretty hard consensus that copper was heading for a period of supply-demand surplus both in 2024 and in 2025 is rapidly unravelling.
The newly emerging consensus is that the concentrates market will at best be balanced and possibly in deficit next year with flow-through implications for the refined market.
Investors are not yet persuaded to go long on copper. LME spreads, currently in wide contango, suggest there is no immediate shortage of copper.
But copper's shifting statistical landscape has persuaded many financial players there's little point in expecting copper to break lower any time soon.
The opinions expressed here are those of the author, a columnist for Reuters.
Funds cut short positions on CME copper https://tmsnrt.rs/3GQGDo8
Investment turns flip to net long on copper https://tmsnrt.rs/3RM1dMz
(Editing by David Goodman)
((andy.home@thomsonreuters.com, 44-207-542-4412 and on Twitter https://twitter.com/AndyHomeMetals))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Both Anglo American AAL.L and Brazil's Vale VALE3.SA, meanwhile, have lowered production guidance for 2024 and 2025. As with the CME copper contract, there is little enthusiasm for going outright long, particularly among the heavier-weight investment players captured in the LME's "other financial" category, but the collective short play is over for now. Federal Reserve Chair Jerome Powell last week said that the US central bank was likely to be done with raising interest rates, which has lifted some of the pressure weighing on copper in recent months.
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Both Anglo American AAL.L and Brazil's Vale VALE3.SA, meanwhile, have lowered production guidance for 2024 and 2025. The turnaround reflects a sharp reduction in outright short positions from 76,717 contracts to 46,558 contracts while outright long positions are little changed. Investment funds have collectively flipped from a net LME short position of 15,116 contracts in October to a net long position of 15,046 contracts, with bear bets falling from 47,714 contracts to 25,674.
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Both Anglo American AAL.L and Brazil's Vale VALE3.SA, meanwhile, have lowered production guidance for 2024 and 2025. By Andy Home LONDON, Dec 19 (Reuters) - Funds have been reducing their bets on lower copper prices as macroeconomic headwinds abate and the market collectively reassesses copper's supply dynamics. Investment funds have collectively flipped from a net LME short position of 15,116 contracts in October to a net long position of 15,046 contracts, with bear bets falling from 47,714 contracts to 25,674.
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Both Anglo American AAL.L and Brazil's Vale VALE3.SA, meanwhile, have lowered production guidance for 2024 and 2025. Fund managers were collectively net short of CME copper to the tune of 21,553 contracts at the end of October, when the price looked likely to break out of its 2023 range on the downside. Investment funds have collectively flipped from a net LME short position of 15,116 contracts in October to a net long position of 15,046 contracts, with bear bets falling from 47,714 contracts to 25,674.
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2038.0
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2023-12-16 18:00:00 UTC
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American Airlines (AAL) Rises But Trails Market: What Investors Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-rises-but-trails-market%3A-what-investors-should-know
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nan
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nan
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The latest trading session saw American Airlines (AAL) ending at $14.30, denoting a +0.42% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.59% for the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.66%.
Shares of the world's largest airline witnessed a gain of 14.84% over the previous month, beating the performance of the Transportation sector with its gain of 8.79% and the S&P 500's gain of 5.16%.
Market participants will be closely following the financial results of American Airlines in its upcoming release. In that report, analysts expect American Airlines to post earnings of $0.03 per share. This would mark a year-over-year decline of 97.44%. At the same time, our most recent consensus estimate is projecting a revenue of $13.02 billion, reflecting a 1.29% fall from the equivalent quarter last year.
AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.40 per share and revenue of $52.76 billion. These results would represent year-over-year changes of +380% and +7.73%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for American Airlines. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.29% rise in the Zacks Consensus EPS estimate. At present, American Airlines boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that American Airlines has a Forward P/E ratio of 5.94 right now. This expresses a discount compared to the average Forward P/E of 7.58 of its industry.
It's also important to note that AAL currently trades at a PEG ratio of 0.11. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Transportation - Airline industry was having an average PEG ratio of 0.31.
The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 189, finds itself in the bottom 25% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The latest trading session saw American Airlines (AAL) ending at $14.30, denoting a +0.42% adjustment from its last day's close. AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.40 per share and revenue of $52.76 billion. It's also important to note that AAL currently trades at a PEG ratio of 0.11.
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The latest trading session saw American Airlines (AAL) ending at $14.30, denoting a +0.42% adjustment from its last day's close. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.40 per share and revenue of $52.76 billion.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The latest trading session saw American Airlines (AAL) ending at $14.30, denoting a +0.42% adjustment from its last day's close. AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.40 per share and revenue of $52.76 billion.
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The latest trading session saw American Airlines (AAL) ending at $14.30, denoting a +0.42% adjustment from its last day's close. AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.40 per share and revenue of $52.76 billion. It's also important to note that AAL currently trades at a PEG ratio of 0.11.
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2039.0
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2023-12-16 18:00:00 UTC
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Southwest Airlines pilots reach agreement for $12 billion contract
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AAL
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https://www.nasdaq.com/articles/southwest-airlines-pilots-reach-agreement-for-%2412-billion-contract
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nan
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nan
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By Rajesh Kumar Singh
CHICAGO, Dec 19 (Reuters) - Negotiators for pilots at Southwest Airlines LUV.N have reached an agreement in principle with the company for a new five-year contract worth $12 billion, the union said on Tuesday, adding that its board still needs to decide whether to send the deal to members for a ratification vote.
The Southwest Airlines Pilots Association (SWAPA), which represents more than 10,000 pilots at the Dallas-based carrier, did not provide details of the deal. The union later said it was worth $12 billion over five years.
Casey Murray, SWAPA's president, said the union's board will meet on Wednesday to evaluate the deal and decide whether to send it to the pilots for a ratification vote.
Southwest and its pilots have been in negotiations for a new contract for more than three years and in federal mediation since September 2022. The last contract ended in 2020.
The pilots have been demanding higher pay and better work rules.
Union officials said the delay in getting a new contract has driven up attrition rates at the carrier, with hundreds of pilots leaving for rival airlines.
An industry-wide shortage of pilots has left U.S. airlines scrambling to hire and retain talent, bolstering pilots' bargaining power.
Pilots at United Airlines UAL.O, Delta Air Lines DAL.N and American Airlines AAL.O have all secured hefty pay raises and improvements in working conditions in new contracts.
Post-pandemic labor shortages and high inflation have emboldened workers and their unions to use strikes, strategic walkouts and pickets to extract concessions across auto, airline, entertainment and healthcare industries.
(Reporting by Rajesh Kumar Singh; Editing by Leslie Adler, David Gregorio and Bill Berkrot)
((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Pilots at United Airlines UAL.O, Delta Air Lines DAL.N and American Airlines AAL.O have all secured hefty pay raises and improvements in working conditions in new contracts. By Rajesh Kumar Singh CHICAGO, Dec 19 (Reuters) - Negotiators for pilots at Southwest Airlines LUV.N have reached an agreement in principle with the company for a new five-year contract worth $12 billion, the union said on Tuesday, adding that its board still needs to decide whether to send the deal to members for a ratification vote. Casey Murray, SWAPA's president, said the union's board will meet on Wednesday to evaluate the deal and decide whether to send it to the pilots for a ratification vote.
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Pilots at United Airlines UAL.O, Delta Air Lines DAL.N and American Airlines AAL.O have all secured hefty pay raises and improvements in working conditions in new contracts. By Rajesh Kumar Singh CHICAGO, Dec 19 (Reuters) - Negotiators for pilots at Southwest Airlines LUV.N have reached an agreement in principle with the company for a new five-year contract worth $12 billion, the union said on Tuesday, adding that its board still needs to decide whether to send the deal to members for a ratification vote. The Southwest Airlines Pilots Association (SWAPA), which represents more than 10,000 pilots at the Dallas-based carrier, did not provide details of the deal.
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Pilots at United Airlines UAL.O, Delta Air Lines DAL.N and American Airlines AAL.O have all secured hefty pay raises and improvements in working conditions in new contracts. By Rajesh Kumar Singh CHICAGO, Dec 19 (Reuters) - Negotiators for pilots at Southwest Airlines LUV.N have reached an agreement in principle with the company for a new five-year contract worth $12 billion, the union said on Tuesday, adding that its board still needs to decide whether to send the deal to members for a ratification vote. The Southwest Airlines Pilots Association (SWAPA), which represents more than 10,000 pilots at the Dallas-based carrier, did not provide details of the deal.
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Pilots at United Airlines UAL.O, Delta Air Lines DAL.N and American Airlines AAL.O have all secured hefty pay raises and improvements in working conditions in new contracts. By Rajesh Kumar Singh CHICAGO, Dec 19 (Reuters) - Negotiators for pilots at Southwest Airlines LUV.N have reached an agreement in principle with the company for a new five-year contract worth $12 billion, the union said on Tuesday, adding that its board still needs to decide whether to send the deal to members for a ratification vote. Casey Murray, SWAPA's president, said the union's board will meet on Wednesday to evaluate the deal and decide whether to send it to the pilots for a ratification vote.
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2040.0
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2023-12-16 13:00:00 UTC
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METALS-Copper climbs on expectations of tightening supplies
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AAL
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https://www.nasdaq.com/articles/metals-copper-climbs-on-expectations-of-tightening-supplies
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nan
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nan
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By Pratima Desai
LONDON, Dec 19 (Reuters) - Copper prices climbed on Tuesday as supply concerns fuelled by mine closures, a sliding dollar and falling stocks in warehouses approved by the London Metal Exchange (LME) triggered buying.
Benchmark copper CMCU3 on the LME was up 1.3% at $8,596 a metric ton at 1701 GMT. Prices of the metal used in the power and construction industries this month touched 4-1/2 month highs of $8,640 a ton. Traders said volumes were subdued.
Analysts are cutting estimates of surpluses for next year or forecasting deficits, partly owing to uncertainty over supplies from First Quantum's FM.TO Cobre mine in Panama. Cobre accounted for 1% of global mined supply last year.
"There are a few micro issues going on in copper," said Marex strategist Alastair Munro, pointing to Cobre Panama along with reduced production guidance from Anglo American AAL.L and inventory data.
"Most of the flows in the metals space are from CTAs," he added, referring to funds that use trends to generate buy and sell signals from numerical models.
Anglo American has reduced its copper production guidance for the next two years by 20% and 18% respectively.
Copper stocks in LME warehouses MCUSTX-TOTAL have risen 8% to 168,650 metric tons since Dec. 6, but cancelled warrants -- metal earmarked for delivery -- at 21% suggest more copper is likely to leave the LME system.
Elsewhere, LME aluminium inventories rose again. At 511,450 tons they have risen 15% over the past couple of days and are weighing on prices of the metal used in the transport, packaging and construction industries.
Aluminium was down 0.8% at $2,265 a ton.
Traders expect further aluminium deliveries to the LME system after the British government imposed sanctions on imports of primary Russian metal.
Overall, industrial metals were supported by a lower U.S. currency, making dollar-priced commodities cheaper for holders of other currencies, which could boost demand. FRX/
In other metals, zinc CMZN3 gained 1.6% to $2,580 a ton, lead CMPB3 firmed by 0.7% to $2,072, tin CMSN3 added 1.5% to $25,190 and nickel CMNI3 was up 1.3% at $16,715.
(Reporting by Pratima Desai Editing by David Goodman and David Evans)
((pratima.desai@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"There are a few micro issues going on in copper," said Marex strategist Alastair Munro, pointing to Cobre Panama along with reduced production guidance from Anglo American AAL.L and inventory data. Analysts are cutting estimates of surpluses for next year or forecasting deficits, partly owing to uncertainty over supplies from First Quantum's FM.TO Cobre mine in Panama. Traders expect further aluminium deliveries to the LME system after the British government imposed sanctions on imports of primary Russian metal.
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"There are a few micro issues going on in copper," said Marex strategist Alastair Munro, pointing to Cobre Panama along with reduced production guidance from Anglo American AAL.L and inventory data. Anglo American has reduced its copper production guidance for the next two years by 20% and 18% respectively. Copper stocks in LME warehouses MCUSTX-TOTAL have risen 8% to 168,650 metric tons since Dec. 6, but cancelled warrants -- metal earmarked for delivery -- at 21% suggest more copper is likely to leave the LME system.
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"There are a few micro issues going on in copper," said Marex strategist Alastair Munro, pointing to Cobre Panama along with reduced production guidance from Anglo American AAL.L and inventory data. By Pratima Desai LONDON, Dec 19 (Reuters) - Copper prices climbed on Tuesday as supply concerns fuelled by mine closures, a sliding dollar and falling stocks in warehouses approved by the London Metal Exchange (LME) triggered buying. Copper stocks in LME warehouses MCUSTX-TOTAL have risen 8% to 168,650 metric tons since Dec. 6, but cancelled warrants -- metal earmarked for delivery -- at 21% suggest more copper is likely to leave the LME system.
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"There are a few micro issues going on in copper," said Marex strategist Alastair Munro, pointing to Cobre Panama along with reduced production guidance from Anglo American AAL.L and inventory data. Cobre accounted for 1% of global mined supply last year. Copper stocks in LME warehouses MCUSTX-TOTAL have risen 8% to 168,650 metric tons since Dec. 6, but cancelled warrants -- metal earmarked for delivery -- at 21% suggest more copper is likely to leave the LME system.
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2041.0
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2023-12-16 11:00:00 UTC
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Here's Why One Should Retain American Airlines (AAL) Now
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AAL
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https://www.nasdaq.com/articles/heres-why-one-should-retain-american-airlines-aal-now
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nan
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nan
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American Airlines Group Inc. AAL is benefiting from its strong air-travel demand and debt-reduction efforts.
Factors Favoring AAL
Continued recovery in air-travel demand, particularly on the domestic front, bodes well for American Airlines. Reflecting the boost in air-travel demand, consolidated traffic (measured in revenue passenger miles) rose 8.3% in the first nine months of 2023. To cater to this increased demand, capacity (measured in average seat miles) increased 7% in the same time period.
The carrier's debt-reduction efforts are impressive as well. Management aims to reduce its debt by $15 billion by the end of 2025. AAL aims to attain this objective through naturally occurring amortization. Also, it intends to utilize surplus cash and free cash flow to pay down prepayable debt. As of Sep 30, 2023, the carrier reduced its debt levels by more than $10 billion from peak levels in mid-2021.
Key Risks
American Airlines’ current ratio (a measure of liquidity) at the end of third-quarter 2023 stood at 0.69. A current ratio of less than 1 is not desirable as it implies that the company doesn't have enough liquid assets to cover its short-term liabilities.
Zacks Rank
AAL currently carries Zacks Rank #3 (Hold).
Key Picks
Some better-ranked stocks for investors interested in the Zacks Transportation sector are Air Canada ACDVF and SkyWest SKYW.
Air Canada currently sports a Zacks Rank #1 (Strong Buy). An uptick in passenger traffic is aiding ACDVF. Recently, management announced plans to launch a new year-round route between Montreal and Madrid. You can see the complete list of today’s Zacks #1 Rank stocks here.
The service will commence in May of the following year as part of its expanded international summer 2024 flying schedule to cater to increased demand.
SkyWest currently carries a Zacks Rank #2 (Buy). SKYW's fleet-modernization efforts are commendable. Initiatives to reward its shareholders also bode well. The Zacks Consensus Estimate for current-quarter earnings has surged 83.3% in the past 60 days.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
SkyWest, Inc. (SKYW) : Free Stock Analysis Report
Air Canada (ACDVF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors Favoring AAL Continued recovery in air-travel demand, particularly on the domestic front, bodes well for American Airlines. American Airlines Group Inc. AAL is benefiting from its strong air-travel demand and debt-reduction efforts. AAL aims to attain this objective through naturally occurring amortization.
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Zacks Rank AAL currently carries Zacks Rank #3 (Hold). Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Air Canada (ACDVF) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc. AAL is benefiting from its strong air-travel demand and debt-reduction efforts.
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Zacks Rank AAL currently carries Zacks Rank #3 (Hold). Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Air Canada (ACDVF) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc. AAL is benefiting from its strong air-travel demand and debt-reduction efforts.
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American Airlines Group Inc. AAL is benefiting from its strong air-travel demand and debt-reduction efforts. Factors Favoring AAL Continued recovery in air-travel demand, particularly on the domestic front, bodes well for American Airlines. AAL aims to attain this objective through naturally occurring amortization.
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2042.0
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2023-12-16 10:00:00 UTC
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AAL Quantitative Stock Analysis
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AAL
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https://www.nasdaq.com/articles/aal-quantitative-stock-analysis-3
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nan
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nan
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. This deep value model looks for inexpensive stocks that could be potential takeover targets.
AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry. The rating using this strategy is 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
QUALITY: PASS
ACQUIRER'S MULTIPLE FAIL
Detailed Analysis of AMERICAN AIRLINES GROUP INC
AAL Guru Analysis
AAL Fundamental Analysis
More Information on Tobias Carlisle
Tobias Carlisle Portfolio
About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing. He is the author of "The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market" and the founder of Acquirer's Funds. He is also the author of "Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations" and co-author of Quantitative Value: "A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors" Tobias is originally from Australia, where he worked an an analyst at an activist hedge fund and was a lawyer specializing in mergers and acquisitions.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing.
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Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing. Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing.
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2043.0
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2023-12-16 00:00:00 UTC
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FOCUS-Some companies alter diversity policies after conservatives' lawsuit threat
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AAL
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https://www.nasdaq.com/articles/focus-some-companies-alter-diversity-policies-after-conservatives-lawsuit-threat
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nan
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nan
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By Jody Godoy and Disha Raychaudhuri
Dec 18 (Reuters) - At least six major U.S. companies including JPMorgan Chase have modified policies meant to boost racial and ethnic representation that conservative groups threatened to sue over, a Reuters review of corporate statements has found.
The companies are among 25 that received public shareholder letters since 2021 claiming their diversity, equity and inclusion (DEI) programs constitute illegal discrimination and a breach of the directors' duties to investors.
The changes made by the companies primarily involved removing language that said certain programs were for underrepresented groups or modifying executives' goals for increased racial representation in the workforce.
Reuters could not find any publicly available changes to DEI policies instituted by the other 19 companies, including McDonald’s MCD.N and Starbucks SBUX.O. Several companies received letters after putting out their most recent annual reports, where some of the policies are outlined.
A Starbucks spokesperson said the company was committed to a culture of belonging. McDonald's did not respond to a request for comment.
JPMorgan JPM.N received a letter in May 2022, alleging 10 of its DEI initiatives were discriminatory and unlawful. Around February 2023, the descriptions of the bank's "Advancing Hispanics & Latinos" and "Advancing Black Pathways" programs were changed, according to archived versions of its website.
The programs that were previously for Black and Latino students now invite applications from all students, "regardless of background."
"We remain fully committed to an inclusive workforce made up of top talent," said JPMorgan spokesperson Allison Kahn.
Investment manager BlackRock BLK.N, which received a letter in April, removed language stating a scholarship was "designed for" members of specific underrepresented groups.
Ashley Beale, a BlackRock spokesperson, said the company was proud to expand eligibility for the scholarships.
The companies where Reuters found changes included Pizza Hut operator Yum! Brands YUM.N, American Airlines AAL.O and Lowe's LOW.N, which declined to comment. The changes at BlackRock and Lowe's were previously reported. Lee jeans maker Kontoor Brands KTB.N did not respond. Reuters was unable to directly link the diversity program modifications with the lawsuit threats.
The changes show how some of America's biggest businesses have reacted to a larger conservative backlash against diversity initiatives, which multiplied after widespread protests following the police killings of George Floyd and other Black Americans in 2020. The protests spotlighted racial and gender disparities in corporate leadership.
The letters have been sent by two conservative legal organizations: the American Civil Rights Project, founded by Texas attorney Dan Morenoff, and America First Legal, led by Stephen Miller, who was an adviser to Republican former President Donald Trump.
"Baby steps toward compliance, toward the fair and equal treatment of all Americans, are certainly welcome," said Morenoff.
"While we welcome authentic moves by corporations to eliminate racial considerations and comply with the law, we condemn inauthentic changes that use code language to achieve the same result," said Gene Hamilton, general counsel at America First Legal.
Abandoning initiatives to cut through unconscious bias that favors white men will, over time, ensure that people from underrepresented communities don't rise to the top of organizations, said David Thomas, president of Morehouse College.
"(Companies) will be ensuring that 30 years from now the corporate landscape of America looks like a plantation," he said.
Attacks on DEI programs will likely continue as the 2024 U.S. presidential election approaches. Former President Donald Trump and Florida Governor Ron DeSantis, both current presidential hopefuls, have banned various DEI initiatives.
Groups opposed to diversity policies have also been energized by the U.S. Supreme Court ruling in June that struck down affirmative action in university admissions decisions.
The admissions ruling does not directly affect employers, which have long been subject to anti-discrimination laws that bar using race and gender in individual hiring decisions. DEI programs that expand the pool of applicants and remove barriers to advancement are considered legal.
Atinuke Adediran, a professor at Fordham University School of Law, wrote in a forthcoming paper that in 2023 nearly 40% of the 423 companies she studied had adopted targets for racial representation in reports published before May.
LEGAL RISKS?
The letters allege certain DEI policies expose the companies to legal risks and must be abandoned or the groups will sue to hold the directors liable.
America First Legal sent Kontoor Brands a threat letter in July 2022, taking aim at global DEI goals the company set in 2020, including pay incentives for executives to increase gender and racial representation.
The next year, the incentives were instead tied to improving "inclusion" scores on an employee survey without any mention of gender or racial representation, according to a filing Kontoor made in March 2023.
In their most recent executive compensation plans, Yum! Brands removed references to specific racial groups and American Airlines dropped numerical diversity targets.
American said in a July report that it had largely achieved its prior targets and its new goals focus on DEI training and activities.
Shareholders can sue when directors have failed in their duties, such as oversight, but corporate law protects directors' good-faith decisions from lawsuits, creating a high legal bar for the groups' claims if they ever go to court.
Morenoff and conservative shareholder group National Center for Public Policy Research sued Starbucks' directors in November 2022. They accused them of pushing the company to adopt a DEI program to obtain "social-credit" for themselves.
Chief U.S. District Judge Stanley Bastian in Spokane, Washington, dismissed the case in September.
"Courts of law have no business involving themselves with reasonable and legal decisions made by the board of directors," he wrote.
Morenoff said the ruling does not change his view of the law.
Ani Huang, head of the Center On Executive Compensation, said changes like the ones Reuters found were more of a "workaround" to deal with critics than a policy shift, as companies will continue to face calls to improve DEI from shareholders and others.
"In this as in many things, companies are stuck in the middle," she said.
(Additional reporting by Ross Kerber in Boston; Editing by Tom Hals and Anna Driver)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Brands YUM.N, American Airlines AAL.O and Lowe's LOW.N, which declined to comment. Abandoning initiatives to cut through unconscious bias that favors white men will, over time, ensure that people from underrepresented communities don't rise to the top of organizations, said David Thomas, president of Morehouse College. America First Legal sent Kontoor Brands a threat letter in July 2022, taking aim at global DEI goals the company set in 2020, including pay incentives for executives to increase gender and racial representation.
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Brands YUM.N, American Airlines AAL.O and Lowe's LOW.N, which declined to comment. The companies are among 25 that received public shareholder letters since 2021 claiming their diversity, equity and inclusion (DEI) programs constitute illegal discrimination and a breach of the directors' duties to investors. The changes made by the companies primarily involved removing language that said certain programs were for underrepresented groups or modifying executives' goals for increased racial representation in the workforce.
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Brands YUM.N, American Airlines AAL.O and Lowe's LOW.N, which declined to comment. By Jody Godoy and Disha Raychaudhuri Dec 18 (Reuters) - At least six major U.S. companies including JPMorgan Chase have modified policies meant to boost racial and ethnic representation that conservative groups threatened to sue over, a Reuters review of corporate statements has found. The changes made by the companies primarily involved removing language that said certain programs were for underrepresented groups or modifying executives' goals for increased racial representation in the workforce.
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Brands YUM.N, American Airlines AAL.O and Lowe's LOW.N, which declined to comment. The changes made by the companies primarily involved removing language that said certain programs were for underrepresented groups or modifying executives' goals for increased racial representation in the workforce. Reuters could not find any publicly available changes to DEI policies instituted by the other 19 companies, including McDonald’s MCD.N and Starbucks SBUX.O.
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2044.0
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2023-12-16 00:00:00 UTC
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5 Broker-Favorite Stocks to Keep an Eye on as 2024 Approaches
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AAL
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https://www.nasdaq.com/articles/5-broker-favorite-stocks-to-keep-an-eye-on-as-2024-approaches
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nan
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nan
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Year 2023, which is in its last leg, has witnessed extreme volatility from high interest rates and geo-political woes. However, cooling down inflation following the Fed’s interest rate hike policy to combat elevated inflation markets is a positive.
The Fed’s December FOMC meeting dot-plot has shown that, on average, Fed officials are expecting at least three rate cuts of 25 basis points each in 2024, followed by four more rate cuts of one percentage point in 2025. Investors would like to take advantage of this optimistic forecast by designing a winning portfolio of stocks. However, doing this without proper guidance from investing experts is hazardous.
Experts in the field of investing are brokers, as they have at their disposal a lot more information on a company and its prospects than individual investors. Keeping tabs on broker-favored stocks like American Airlines AAL, ABM Industries ABM, Cardinal Health CAH,Cleveland-Cliffs CLF and Cencora COR in this scenario appears to be prudent.
Why Broker-Advice Works Wonders
Brokers have an in-depth understanding of stocks and great knowledge of the industry and the broader economy. They scrutinize the company’s fundamentals and place them against the prevalent economic scenario to find out how attractive a stock is as an investment option or otherwise.
Only after undertaking thorough research can brokers arrive at their recommendation (buy, sell or hold) on a stock. Such well-researched information is not available to individual investors. Therefore, they, in the absence of proper guidance, may end up selecting the wrong stocks in their portfolio. This might result in their hard-earned money, which they have invested in stock markets, going down the drain. To avoid such an unfortunate scenario from materializing, it is highly desirable for investors to be guided by broker advice, while deciding their course of action on a particular stock.
Formulating a Winning Portfolio
We have designed a screener to arrive at stocks based on improving analyst recommendations and upward earnings estimate revisions over the last four weeks. However, considering only these factors does not make our strategy foolproof, as the top line has not been considered.
Actually, according to many market watchers, a top-line outperformance is more credible for a company than a mere earnings outperformance. To address top-line concerns, we have included the price/sales ratio in our screener as it serves as a strong complementary valuation metric.
Screening Criteria
#(Up-Down Rating)/ Total (4 weeks) =Top #75: This gives the list of the top 75 companies that have witnessed net upgrades over the last four weeks.
Percentage change in Q (1) est. (4 weeks) = Top #10: This gives us the top 10 stocks that have witnessed earnings estimate revisions over the past four weeks for the upcoming quarter.
To ensure that the strategy is a winning one, covering all bases, we have added the following screening parameters:
Price-to-Sales = Bot%10: The lower the ratio, the better. Companies meeting this criterion are in the bottom 10% of our universe of more than 7,700 stocks with respect to this ratio.
Price greater than 5: A stock trading below $5 will not likely create significant interest for most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days: Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000: This gives us stocks that are in the top 3000 if one judges by market capitalization.
Com/ADR/Canadian = Com: This takes out the ADR and Canadian stocks.
Here are five of the 10 stocks that made it through the screen:
American Airlines is based in Fort Worth, TX. The gradual increase in air travel demand (particularly for leisure) is aiding AAL. However, high operating costs are hurting the bottom line.
Over the past 30 days, the stock has seen the Zacks Consensus Estimate for 2024 earnings being revised 1% upward. AAL currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
New York-based ABM Industries is a provider of integrated facility solutions in the United States and internationally. ABM currently carries a Zacks Rank #3. The company has an impressive surprise history, with its earnings surpassing the Zacks Consensus Estimate in three of the last four quarters (missing the mark on the other occasion), the average beat being 1.4%.
The company's comprehensive transformational initiative called 2020 Vision has helped it attain long-term profitable growth through an industry-based go-to-market approach. Multi-year comprehensive strategic plan, ELEVATE is expected to accelerate ABM’s organic growth, improve its strategic and comprehensive positioning, and reinforce profitability.
Headquartered in Dublin, OH, Cardinal Health is a nation-wide drug distributor and provider of services to pharmacies, healthcare providers and manufacturers. The company’s diversified portfolio represents significant long-term opportunities. Further, it follows an acquisition-driven strategy.
CAH, currently carrying a Zacks Rank of 3, has an impressive surprise history, with its earnings surpassing the Zacks Consensus Estimate in each of the last four quarters, the average being 15.7%.
Cleveland-Cliffs is a leading iron ore producer in the United States. It supplies differentiated iron ore pellets under long-term contracts to major blast furnace steel producers in North America. The Mining and Pelletizing operation gains from low-cost, high-quality iron ore pellet production with substantial logistics and transportation advantages to serve the Great Lakes steel market. The company should gain from its merger with AK Steel Holding Corporation.
Over the past 60 days, the Zacks Consensus Estimate for CLF’s 2024 earnings has been revised 6.34% upward. Cleveland-Cliffs currently carries a Zacks Rank #3.
Chesterbrook, PA-based Cencora is one of the world’s largest pharmaceutical services companies. The company should benefit from the strength in the U.S. Healthcare Solutions business. Cencora currently carries a Zacks Rank #3.
The Zacks Consensus Estimate for the current year has inched up 0.5% over the past 60 days. COR has outpaced the Zacks Consensus Estimate for earnings in each of the last four quarters by an average of 3.88%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cardinal Health, Inc. (CAH) : Free Stock Analysis Report
Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report
ABM Industries Incorporated (ABM) : Free Stock Analysis Report
Cencora, Inc. (COR) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Keeping tabs on broker-favored stocks like American Airlines AAL, ABM Industries ABM, Cardinal Health CAH,Cleveland-Cliffs CLF and Cencora COR in this scenario appears to be prudent. The gradual increase in air travel demand (particularly for leisure) is aiding AAL. AAL currently carries a Zacks Rank #3 (Hold).
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Keeping tabs on broker-favored stocks like American Airlines AAL, ABM Industries ABM, Cardinal Health CAH,Cleveland-Cliffs CLF and Cencora COR in this scenario appears to be prudent. Click to get this free report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Cencora, Inc. (COR) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air travel demand (particularly for leisure) is aiding AAL.
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Click to get this free report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Cencora, Inc. (COR) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Keeping tabs on broker-favored stocks like American Airlines AAL, ABM Industries ABM, Cardinal Health CAH,Cleveland-Cliffs CLF and Cencora COR in this scenario appears to be prudent. The gradual increase in air travel demand (particularly for leisure) is aiding AAL.
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AAL currently carries a Zacks Rank #3 (Hold). Keeping tabs on broker-favored stocks like American Airlines AAL, ABM Industries ABM, Cardinal Health CAH,Cleveland-Cliffs CLF and Cencora COR in this scenario appears to be prudent. The gradual increase in air travel demand (particularly for leisure) is aiding AAL.
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2045.0
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2023-12-16 00:00:00 UTC
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METALS-Copper slips, but prospect of tight supplies sustains sentiment
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AAL
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https://www.nasdaq.com/articles/metals-copper-slips-but-prospect-of-tight-supplies-sustains-sentiment
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By Pratima Desai
LONDON, Dec 18 (Reuters) - Copper prices came under pressure on Monday due to worry about weak demand in top consumer China, but mine closures and disruptions raising the prospect of tighter supplies helped support confidence.
Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.5% at $8,509 a metric ton by 1050 GMT. Prices of the metal used in the power and construction industries touched four-month highs at $8,640 a ton this month.
China's troubled property market has weighed on industrial metals demand for most of this year, despite government measures to support the sector.
Julius Baer analyst Carsten Menke expects energy transition demand for copper to offset the slowdown in China.
"The past few weeks have shown copper supply is quite vulnerable, Cobre Panama in particular," he said.
Copper has been climbing over the past two months due to uncertainty about supplies from First Quantum's FM.TO Cobre mine in Panama, accounting for 1% of global mined supply last year.
Also helping sentiment was Anglo American AAL.L cutting its copper production guidance by 20% and 18% for next year and 2025 respectively.
Expectations the Federal Reserve could cut U.S. interest rates in the first quarter of next year are weighing on the dollar which is hovering near 4-1/2-month lows against a basket of major currencies. FRX/
A falling U.S. currency makes dollar-priced metals cheaper for holders of other currencies, which could help demand.
However, the discount over the three-month copper contract CMCU0-3 near 31-year lows suggests the market does not expect imminent shortages on the LME.
Elsewhere, aluminium prices CMAL3 fell after data showed stocks in LME approved warehouses MALSTX-TOTA jumped 59,850 tons to 504,475 tons, the highest since early October.
However, the impact was brief as funds cutting short position pushed aluminium prices back towards the five-week highs of $2,269.50 a ton hit on Friday.
Three-month aluminium was up 0.6% at $2,261.
In other metals, zinc CMZN3 gained 0.6% to $2,547, lead CMPB3 advanced 0.3% to $2,088, tin CMSN3 slipped 0.5% to $25,050 and nickel CMNI3 dropped 1.8% to $16,840.
(Reporting by Pratima Desai; editing by Ed Osmond)
((pratima.desai@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also helping sentiment was Anglo American AAL.L cutting its copper production guidance by 20% and 18% for next year and 2025 respectively. By Pratima Desai LONDON, Dec 18 (Reuters) - Copper prices came under pressure on Monday due to worry about weak demand in top consumer China, but mine closures and disruptions raising the prospect of tighter supplies helped support confidence. Expectations the Federal Reserve could cut U.S. interest rates in the first quarter of next year are weighing on the dollar which is hovering near 4-1/2-month lows against a basket of major currencies.
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Also helping sentiment was Anglo American AAL.L cutting its copper production guidance by 20% and 18% for next year and 2025 respectively. By Pratima Desai LONDON, Dec 18 (Reuters) - Copper prices came under pressure on Monday due to worry about weak demand in top consumer China, but mine closures and disruptions raising the prospect of tighter supplies helped support confidence. China's troubled property market has weighed on industrial metals demand for most of this year, despite government measures to support the sector.
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Also helping sentiment was Anglo American AAL.L cutting its copper production guidance by 20% and 18% for next year and 2025 respectively. By Pratima Desai LONDON, Dec 18 (Reuters) - Copper prices came under pressure on Monday due to worry about weak demand in top consumer China, but mine closures and disruptions raising the prospect of tighter supplies helped support confidence. Copper has been climbing over the past two months due to uncertainty about supplies from First Quantum's FM.TO Cobre mine in Panama, accounting for 1% of global mined supply last year.
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Also helping sentiment was Anglo American AAL.L cutting its copper production guidance by 20% and 18% for next year and 2025 respectively. Copper has been climbing over the past two months due to uncertainty about supplies from First Quantum's FM.TO Cobre mine in Panama, accounting for 1% of global mined supply last year. Expectations the Federal Reserve could cut U.S. interest rates in the first quarter of next year are weighing on the dollar which is hovering near 4-1/2-month lows against a basket of major currencies.
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2046.0
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2023-12-16 00:00:00 UTC
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American Airlines (AAL) Stock Declines While Market Improves: Some Information for Investors
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-stock-declines-while-market-improves%3A-some-information-for-0
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nan
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nan
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American Airlines (AAL) ended the recent trading session at $14.24, demonstrating a -1.73% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.45%.
Market participants will be closely following the financial results of American Airlines in its upcoming release. In that report, analysts expect American Airlines to post earnings of $0.03 per share. This would mark a year-over-year decline of 97.44%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.02 billion, down 1.29% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.40 per share and revenue of $52.76 billion, which would represent changes of +380% and +7.73%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for American Airlines. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.25% higher. American Airlines is currently a Zacks Rank #3 (Hold).
In terms of valuation, American Airlines is currently trading at a Forward P/E ratio of 6.04. This valuation marks a discount compared to its industry's average Forward P/E of 7.42.
Meanwhile, AAL's PEG ratio is currently 0.11. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Transportation - Airline was holding an average PEG ratio of 0.32 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) ended the recent trading session at $14.24, demonstrating a -1.73% swing from the preceding day's closing price. Meanwhile, AAL's PEG ratio is currently 0.11. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) ended the recent trading session at $14.24, demonstrating a -1.73% swing from the preceding day's closing price. Meanwhile, AAL's PEG ratio is currently 0.11.
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American Airlines (AAL) ended the recent trading session at $14.24, demonstrating a -1.73% swing from the preceding day's closing price. Meanwhile, AAL's PEG ratio is currently 0.11. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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American Airlines (AAL) ended the recent trading session at $14.24, demonstrating a -1.73% swing from the preceding day's closing price. Meanwhile, AAL's PEG ratio is currently 0.11. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2047.0
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2023-12-16 00:00:00 UTC
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3 Airline Stocks To Watch In Mid-December 2023
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AAL
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https://www.nasdaq.com/articles/3-airline-stocks-to-watch-in-mid-december-2023
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nan
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nan
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The airline sector, which includes companies providing passenger and cargo air transport services, plays a crucial role in global travel. Influenced by economic conditions, oil prices, and geopolitical events, this industry is characterized by its cyclicality. Airlines’ profitability is closely tied to the global economy’s health, often operating on thin profit margins. These factors make the financial performance of airlines sensitive to external influences, reflecting the sector’s inherent volatility.
Investing in airline stocks presents a unique mix of advantages and challenges. These stocks can offer substantial growth during economic upswings and increased travel demand, making them attractive for tactical investments. However, they are also vulnerable to fuel price volatility, regulatory shifts, and unexpected events like pandemics. This susceptibility can cause significant price fluctuations. Taking all of this into consideration, here are three airline stocks to watch in the stock market this week.
Airline Stocks To Buy [Or Avoid] Now
Delta Air Lines Inc. (NYSE: DAL)
American Airlines Group Inc. (NASDAQ: AAL)
United Airlines Holdings Inc. (NASDAQ: UAL)
Delta Airlines (DAL Stock)
To start, Delta Air Lines Inc. (DAL) is a major American airline, recognized as one of the world’s largest airlines by fleet size and passenger volume. Delta operates over 5,400 flights daily, serving an extensive domestic and international network that includes over 300 destinations in more than 50 countries.
Back in October, Delta Airlines announced better-than-expected Q3 2023 financial results. Getting right into it, the company posted an EPS of $2.03 with revenue for the quarter of $15.49 billion. This is compared to analysts’ consensus estimates for the third quarter of 2023 which were an EPS of $1.92 per share, and revenue estimates of $15.10 billion. Additionally, revenue advanced by 10.83% versus the same period, the previous year.
Year-to-date, shares of Delta stock have increased by 26.46% so far. While, during Monday’s late morning trading session, DAL stock is trading red on the day thus far by 2.60%, trading at $41.24 a share.
[Read More] Best Stocks To Buy In December 2023? 3 Mag 7 Stocks To Watch
American Airlines Group (AAL Stock)
Second, American Airlines Group Inc. (AAL) is a significant player in the global aviation industry. As one of the largest airlines globally, it operates a comprehensive international and domestic network with nearly 6,800 flights per day to almost 350 destinations in more than 50 countries.
Just this month, American Airlines announced its inclusion in the Dow Jones Sustainability World Index (DJSI World) for the first time. This recognition places them as one of only two passenger airlines featured in the Index. Additionally, American Airlines is returning to the Dow Jones Sustainability North America Index (DJSI North America) for the third consecutive year. The DJSI World is composed of global leaders in sustainability, representing the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index, evaluated on economic, environmental, and social criteria.
In 2023 so far, shares of AAL stock have gained by 10.44% YTD. Meanwhile, during Monday’s late morning trading session, American Airlines stock is trading down on the day by 2.90%, currently trading at $14.07 a share.
[Read More] 2 Artificial Intelligence Stocks To Watch This Week
United Airlines Holdings (UAL Stock)
Finally, United Airlines Holdings Inc. (UAL) is a major American airline with headquarters in Chicago, Illinois. United operates a large domestic and international route network, with an extensive presence in the Asia-Pacific region. The company operates approximately 4,900 flights a day to 362 airports across five continents.
In October, United Airlines reported a beat for its third quarter 2023 financial results. In detail, the airline company reported earnings of $3.65 per share, with revenue of $14.48 billion. For context, this is in comparison with Wall Street’s estimates for the quarter which were an EPS of $3.40 and revenue of $14.44 billion. With that, revenue for the quarter increased by 12.48% compared to the same period, the prior year.
So far in 2023, shares of United Airlines stock have surged by 13.73% YTD. Moreover, during Monday’s late morning trading action, UAL stock is trading lower on the day by 2.89%, at $42.32 a share
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Airline Stocks To Buy [Or Avoid] Now Delta Air Lines Inc. (NYSE: DAL) American Airlines Group Inc. (NASDAQ: AAL) United Airlines Holdings Inc. (NASDAQ: UAL) Delta Airlines (DAL Stock) To start, Delta Air Lines Inc. (DAL) is a major American airline, recognized as one of the world’s largest airlines by fleet size and passenger volume. 3 Mag 7 Stocks To Watch American Airlines Group (AAL Stock) Second, American Airlines Group Inc. (AAL) is a significant player in the global aviation industry. In 2023 so far, shares of AAL stock have gained by 10.44% YTD.
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Airline Stocks To Buy [Or Avoid] Now Delta Air Lines Inc. (NYSE: DAL) American Airlines Group Inc. (NASDAQ: AAL) United Airlines Holdings Inc. (NASDAQ: UAL) Delta Airlines (DAL Stock) To start, Delta Air Lines Inc. (DAL) is a major American airline, recognized as one of the world’s largest airlines by fleet size and passenger volume. 3 Mag 7 Stocks To Watch American Airlines Group (AAL Stock) Second, American Airlines Group Inc. (AAL) is a significant player in the global aviation industry. In 2023 so far, shares of AAL stock have gained by 10.44% YTD.
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Airline Stocks To Buy [Or Avoid] Now Delta Air Lines Inc. (NYSE: DAL) American Airlines Group Inc. (NASDAQ: AAL) United Airlines Holdings Inc. (NASDAQ: UAL) Delta Airlines (DAL Stock) To start, Delta Air Lines Inc. (DAL) is a major American airline, recognized as one of the world’s largest airlines by fleet size and passenger volume. 3 Mag 7 Stocks To Watch American Airlines Group (AAL Stock) Second, American Airlines Group Inc. (AAL) is a significant player in the global aviation industry. In 2023 so far, shares of AAL stock have gained by 10.44% YTD.
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Airline Stocks To Buy [Or Avoid] Now Delta Air Lines Inc. (NYSE: DAL) American Airlines Group Inc. (NASDAQ: AAL) United Airlines Holdings Inc. (NASDAQ: UAL) Delta Airlines (DAL Stock) To start, Delta Air Lines Inc. (DAL) is a major American airline, recognized as one of the world’s largest airlines by fleet size and passenger volume. 3 Mag 7 Stocks To Watch American Airlines Group (AAL Stock) Second, American Airlines Group Inc. (AAL) is a significant player in the global aviation industry. In 2023 so far, shares of AAL stock have gained by 10.44% YTD.
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2048.0
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2023-12-14 00:00:00 UTC
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South African court denies class action against Anglo American
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AAL
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https://www.nasdaq.com/articles/south-african-court-denies-class-action-against-anglo-american
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nan
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nan
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By Felix Njini and Olivia Kumwenda-Mtambo
JOHANNESBURG, Dec 16 (Reuters) - South Africa's High Court has ruled that a class action lawsuit against miner Anglo American AAL.L brought by victims of alleged historic lead poisoning in Zambia should not go ahead, lawyers for the claimants said on Saturday.
Victims of the alleged poisoning had accused Anglo's South African unit of negligence in controlling emissions of lead into the local environment at a mine it part-owned 50 years ago in Zambia's Kabwe district.
Anglo has previously denied the allegations and vowed to defend itself.
"We have stated from the outset that this claim is entirely misconceived and it is clear that the court recognised its multiple legal and factual flaws, deeming it not in the interest of justice for the class action to proceed," an Anglo American spokesperson said.
Anglo partly owned the Kabwe lead mine some 50 years ago. The mine was later owned by Zambian state-owned firm ZCCM-IH until 1994 when it was closed.
In a statement, lawyers for the claimants said the Johannesburg High Court had ruled in a 126-page judgment delivered on Friday evening that a claim against Anglo American South Africa (AASA) over widespread lead poisoning across Kabwe, Zambia, could not proceed as a class action.
The victims will appeal the ruling, the lawyers said.
'UNMANAGEABLE CLASS ACTION'
Among the concluding arguments in the ruling, the court said the application was seeking permission to advance an untenable claim that would set a grave precedent.
"The precedent is that a business could be held liable half a century after its activities have ceased, to generations not yet born, as a result of being tested against future knowledge and standards unknown at the time," the ruling said.
The court also said the class action would be "unmanageable" in that it would take a long time to be completed, after the applicants estimated it would take ten years for their legal team to take instructions from every member of the proposed classes.
"If this is so, it would take much longer for a South African court to assess the claim of each class member in the second stage."
"It bears emphasis that an unmanageable class action is not only adverse to Anglo's interests: It undermines the applicants' access to justice," the court said.
"Under the circumstances it is proper and necessary to dismiss the certification application."
South African law firm Mbuyisa Moleele and UK-based Leigh Day, acting on behalf of about 140,000 women and children of Kabwe, want Anglo held liable for failing to curb lead emissions from a smelter and waste dumps.
They also allege that Anglo was aware, before 1974, of the environmental damage and lead poisoning, including deaths of local children, and had ignored expert advice to remedy the situation before it handed over the assets to ZCCM-IH.
(Reporting by Olivia Kumwenda-Mtambo and Felix Njini; Editing by Alison Williams, David Holmes and Jane Merriman)
((Olivia.Kumwenda@thomsonreuters.com; +27 10 346 1084))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Felix Njini and Olivia Kumwenda-Mtambo JOHANNESBURG, Dec 16 (Reuters) - South Africa's High Court has ruled that a class action lawsuit against miner Anglo American AAL.L brought by victims of alleged historic lead poisoning in Zambia should not go ahead, lawyers for the claimants said on Saturday. In a statement, lawyers for the claimants said the Johannesburg High Court had ruled in a 126-page judgment delivered on Friday evening that a claim against Anglo American South Africa (AASA) over widespread lead poisoning across Kabwe, Zambia, could not proceed as a class action. South African law firm Mbuyisa Moleele and UK-based Leigh Day, acting on behalf of about 140,000 women and children of Kabwe, want Anglo held liable for failing to curb lead emissions from a smelter and waste dumps.
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By Felix Njini and Olivia Kumwenda-Mtambo JOHANNESBURG, Dec 16 (Reuters) - South Africa's High Court has ruled that a class action lawsuit against miner Anglo American AAL.L brought by victims of alleged historic lead poisoning in Zambia should not go ahead, lawyers for the claimants said on Saturday. Anglo partly owned the Kabwe lead mine some 50 years ago. In a statement, lawyers for the claimants said the Johannesburg High Court had ruled in a 126-page judgment delivered on Friday evening that a claim against Anglo American South Africa (AASA) over widespread lead poisoning across Kabwe, Zambia, could not proceed as a class action.
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By Felix Njini and Olivia Kumwenda-Mtambo JOHANNESBURG, Dec 16 (Reuters) - South Africa's High Court has ruled that a class action lawsuit against miner Anglo American AAL.L brought by victims of alleged historic lead poisoning in Zambia should not go ahead, lawyers for the claimants said on Saturday. Victims of the alleged poisoning had accused Anglo's South African unit of negligence in controlling emissions of lead into the local environment at a mine it part-owned 50 years ago in Zambia's Kabwe district. In a statement, lawyers for the claimants said the Johannesburg High Court had ruled in a 126-page judgment delivered on Friday evening that a claim against Anglo American South Africa (AASA) over widespread lead poisoning across Kabwe, Zambia, could not proceed as a class action.
|
By Felix Njini and Olivia Kumwenda-Mtambo JOHANNESBURG, Dec 16 (Reuters) - South Africa's High Court has ruled that a class action lawsuit against miner Anglo American AAL.L brought by victims of alleged historic lead poisoning in Zambia should not go ahead, lawyers for the claimants said on Saturday. Victims of the alleged poisoning had accused Anglo's South African unit of negligence in controlling emissions of lead into the local environment at a mine it part-owned 50 years ago in Zambia's Kabwe district. In a statement, lawyers for the claimants said the Johannesburg High Court had ruled in a 126-page judgment delivered on Friday evening that a claim against Anglo American South Africa (AASA) over widespread lead poisoning across Kabwe, Zambia, could not proceed as a class action.
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2049.0
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2023-12-13 00:00:00 UTC
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Validea Detailed Fundamental Analysis - AAL
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AAL
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https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-aal-12
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nan
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nan
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. This deep value model looks for inexpensive stocks that could be potential takeover targets.
AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry. The rating using this strategy is 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
QUALITY: PASS
ACQUIRER'S MULTIPLE FAIL
Detailed Analysis of AMERICAN AIRLINES GROUP INC
AAL Guru Analysis
AAL Fundamental Analysis
More Information on Tobias Carlisle
Tobias Carlisle Portfolio
About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing. He is the author of "The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market" and the founder of Acquirer's Funds. He is also the author of "Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations" and co-author of Quantitative Value: "A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors" Tobias is originally from Australia, where he worked an an analyst at an activist hedge fund and was a lawyer specializing in mergers and acquisitions.
Additional Research Links
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High Insider Ownership Stocks
Top S&P 500 Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing.
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Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing. Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing.
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2050.0
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2023-12-13 00:00:00 UTC
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Lufthansa to resume flights to Tel Aviv, US airlines remain on hold
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AAL
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https://www.nasdaq.com/articles/lufthansa-to-resume-flights-to-tel-aviv-us-airlines-remain-on-hold
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nan
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nan
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Adds two U.S. carriers suspending flights through March 29, British Airways owner update
Dec 15 (Reuters) - Lufthansa LHAG.DE will resume flights to Tel Aviv starting Jan. 8, the airlinesaidon Friday, making it the one of the first major international carriers to announce a resumption in service cancelled in Octoberfollowing Hamas attacks.
While Israel did not close its airspace to civil flights after Hamas' gunmen stormed Israeli towns on Oct. 7, international airlines stopped flying to Ben Gurion Airport in Tel Aviv and to Lebanon.
Lufthansa said ithad resumed flights to Beirut on Friday along with Swiss Airlines and Eurowings.
Flights to Israel will be available for booking starting on Monday, Lufthansa said.
American Airlines AAL.O and Delta Air Lines DAL.N both said on Friday that they have cancelled flights to and from Tel Aviv through March 29. Delta said it continues "to evaluate conditions related to this service in particular".
United Airlines UAL.O said Friday its Tel Aviv flights will remain suspended until conditions permit.
British Airways has suspended flights to and from Tel Aviv through Jan. 10, Vueling until Jan 13 and Iberia Express until Feb 29, owner IAG ICAG.L said Friday.
Air France-KLM AIRF.PA, Ryanair RYA.I and EasyJet EZJ.L did not immediately respond to a Reuters request for comment on whether they would also resume flying to Israel.
(Reporting by Paolo Laudani, Joanna Plucinska and David Shepardson in Washington; Editing by Sarah Marsh, Jan Harvey, Peter Graff and Cynthia Osterman)
((Paolo.Laudani@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines AAL.O and Delta Air Lines DAL.N both said on Friday that they have cancelled flights to and from Tel Aviv through March 29. Adds two U.S. carriers suspending flights through March 29, British Airways owner update Dec 15 (Reuters) - Lufthansa LHAG.DE will resume flights to Tel Aviv starting Jan. 8, the airlinesaidon Friday, making it the one of the first major international carriers to announce a resumption in service cancelled in Octoberfollowing Hamas attacks. While Israel did not close its airspace to civil flights after Hamas' gunmen stormed Israeli towns on Oct. 7, international airlines stopped flying to Ben Gurion Airport in Tel Aviv and to Lebanon.
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American Airlines AAL.O and Delta Air Lines DAL.N both said on Friday that they have cancelled flights to and from Tel Aviv through March 29. Adds two U.S. carriers suspending flights through March 29, British Airways owner update Dec 15 (Reuters) - Lufthansa LHAG.DE will resume flights to Tel Aviv starting Jan. 8, the airlinesaidon Friday, making it the one of the first major international carriers to announce a resumption in service cancelled in Octoberfollowing Hamas attacks. United Airlines UAL.O said Friday its Tel Aviv flights will remain suspended until conditions permit.
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American Airlines AAL.O and Delta Air Lines DAL.N both said on Friday that they have cancelled flights to and from Tel Aviv through March 29. Adds two U.S. carriers suspending flights through March 29, British Airways owner update Dec 15 (Reuters) - Lufthansa LHAG.DE will resume flights to Tel Aviv starting Jan. 8, the airlinesaidon Friday, making it the one of the first major international carriers to announce a resumption in service cancelled in Octoberfollowing Hamas attacks. While Israel did not close its airspace to civil flights after Hamas' gunmen stormed Israeli towns on Oct. 7, international airlines stopped flying to Ben Gurion Airport in Tel Aviv and to Lebanon.
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American Airlines AAL.O and Delta Air Lines DAL.N both said on Friday that they have cancelled flights to and from Tel Aviv through March 29. Adds two U.S. carriers suspending flights through March 29, British Airways owner update Dec 15 (Reuters) - Lufthansa LHAG.DE will resume flights to Tel Aviv starting Jan. 8, the airlinesaidon Friday, making it the one of the first major international carriers to announce a resumption in service cancelled in Octoberfollowing Hamas attacks. United Airlines UAL.O said Friday its Tel Aviv flights will remain suspended until conditions permit.
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2051.0
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2023-12-13 00:00:00 UTC
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Spot copper fees drop 25% from September on supply tightness
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AAL
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https://www.nasdaq.com/articles/spot-copper-fees-drop-25-from-september-on-supply-tightness
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nan
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nan
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HANOI/BEIJING Dec 15 (Reuters) - Fees to process copper concentrate in the Chinese spot market have fallen by a quarter in less than three months to stand below $70 a metric ton on Friday, fanned by worries over tight supply.
The spot copper concentrate treatment charges (TC) in China, as assessed by information provider Shanghai Metals Market (SMM), hit $69.48 a ton, down 25% from $93.23 a ton on Sept. 28.
Such treatment charges, one of the main sources of income for smelters, fall when less copper concentrate is available, and vice versa.
"The expected shortage of copper concentrate may lead to a rapid decline in spot processing fees," SMM said in a note.
Chinese smelters were unable to buy enough copper concentrate, with some experiencing passive production cuts due to insufficient operating rates, it added.
SMM flipped its copper concentrate market balance forecast to a deficit of 200,000 tons to 300,000 tons for 2024, from a previous projection of a surplus of 70,000 tons.
Consultancy CRU Group also switched its forecast for 2024 to a deficit of 174,000 tons, from a previous 260,000-ton surplus projection.
Supply of copper concentrate next year turned tight after Panama's president ordered the closure of First Quantum's FM.TO Cobre mine. Miner Anglo American AAL.L also cuts its production guidance by 20% for 2024 and by 18% for 2025.
"Panama disruption is the main driver of the fees falling, right at the time Chinese smelters are stockpiling for the new year," said a source at a Chinese smelter.
However, trading volume on the spot concentrate market was tepid, as smelters were reluctant to accept lower fees and traders sought to hold back stocks or offer lower fees, accentuating supply tightness, another smelter source said.
CRU halved its output forecast for Cobre Panama mine to 50,000 tons in the fourth quarter of 2023, from 102,000 tons. The mine's output will drop to zero in the first quarter of 2024, it said, adding that more than half usually goes to China.
The disruption in Panama was a key reason behind the drop in the annual TC benchmark for 2024 to $80 a ton, with smelters accepting the first fee drop in three years on fear of supply tightness.
China's biggest copper smelter, Jiangxi Copper 60362.SS, saw increasing challenges ahead for the country's smelters in securing copper concentrate, a company official said last month.
(Reporting by Mai Nguyen in Hanoi and Siyi Liu in Beijing; Editing by Clarence Fernandez)
((mai.nguyen@thomsonreuters.com; Reuters Messaging: mai.nguyen.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Miner Anglo American AAL.L also cuts its production guidance by 20% for 2024 and by 18% for 2025. HANOI/BEIJING Dec 15 (Reuters) - Fees to process copper concentrate in the Chinese spot market have fallen by a quarter in less than three months to stand below $70 a metric ton on Friday, fanned by worries over tight supply. Chinese smelters were unable to buy enough copper concentrate, with some experiencing passive production cuts due to insufficient operating rates, it added.
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Miner Anglo American AAL.L also cuts its production guidance by 20% for 2024 and by 18% for 2025. HANOI/BEIJING Dec 15 (Reuters) - Fees to process copper concentrate in the Chinese spot market have fallen by a quarter in less than three months to stand below $70 a metric ton on Friday, fanned by worries over tight supply. The spot copper concentrate treatment charges (TC) in China, as assessed by information provider Shanghai Metals Market (SMM), hit $69.48 a ton, down 25% from $93.23 a ton on Sept. 28.
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Miner Anglo American AAL.L also cuts its production guidance by 20% for 2024 and by 18% for 2025. HANOI/BEIJING Dec 15 (Reuters) - Fees to process copper concentrate in the Chinese spot market have fallen by a quarter in less than three months to stand below $70 a metric ton on Friday, fanned by worries over tight supply. SMM flipped its copper concentrate market balance forecast to a deficit of 200,000 tons to 300,000 tons for 2024, from a previous projection of a surplus of 70,000 tons.
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Miner Anglo American AAL.L also cuts its production guidance by 20% for 2024 and by 18% for 2025. "Panama disruption is the main driver of the fees falling, right at the time Chinese smelters are stockpiling for the new year," said a source at a Chinese smelter. CRU halved its output forecast for Cobre Panama mine to 50,000 tons in the fourth quarter of 2023, from 102,000 tons.
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2052.0
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2023-12-12 00:00:00 UTC
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EXCLUSIVE-Biden poised to deliver win for ethanol makers on SAF credits
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AAL
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https://www.nasdaq.com/articles/exclusive-biden-poised-to-deliver-win-for-ethanol-makers-on-saf-credits
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nan
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nan
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By Stephanie Kelly, Jarrett Renshaw and Leah Douglas
NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be-updated methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), three people familiar with the matter told Reuters.
For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model.
As it stands, that model would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law.
The news, which was first reported by Reuters, is a win for the ethanol industry and the U.S. Corn Belt, a powerful constituency ahead of the 2024 presidential election.
The group sees SAF as one of the only routes to grow ethanol demand amid rising sales of electric vehicles. Biden, a Democrat, is seeking re-election and will depend on votes from closely contested Midwestern states that are the heaviest corn producers.
The administration, however, is also expected to announce it will update the GREET methodology by March 1, the sources said.
That leaves some uncertainty for corn-based ethanol producers, as the administration is expected to ultimately tighten requirements around SAF feedstocks.
Until the updates are announced, a fierce lobbying push is expected. Ethanol groups have been at odds with environmentalists who want standards that elevate feedstocks like used cooking oil and animal fat.
The Treasury Department declined to comment for this story, while the White House did not respond to a request for comment.
SAF producers seeking tax credits under the IRA must demonstrate, with an approved scientific model, that their fuel generates 50% less greenhouse gas emissions over its lifecycle than petroleum fuel.
The ethanol industry argues the U.S. needs to use ready technology like ethanol to quickly reduce carbon dioxide emissions. Renewable Fuels Association President Geoff Cooper called the administration's decision "a pivotal moment for the future of sustainable aviation fuels" earlier this week.
One of environmental groups' central concerns about the use of the GREET model - that it would underestimate the emissions generated by tilling land for crops - appears to be unresolved, said Nikita Pavlenko, fuels team lead at the International Council on Clean Transportation.
The lifecycle emissions calculated by GREET for any given fuel can vary widely depending on what data sources and assumptions are plugged into the model, and any future update on how producers should use the GREET model needs to take a stringent approach, he said.
"Some of the values (for land-use change) favored by industry haven't gone through the regulatory process, and don't line up with the academic consensus," he said.
White House adviser John Podesta said on Thursday the SAF guidance would be released very soon.
"We think, in order to take advantage of the credit, that emissions have to be 50% below what oil-based aviation fuel looks like," Podesta told reporters on Thursday.
(Reporting by Stephanie Kelly, Jarrett Renshaw, Leah Douglas and David Shepardson; Editing by Trevor Hunnicutt, Bill Berkrot and Chizu Nomiyama)
((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
By Stephanie Kelly, Jarrett Renshaw and Leah Douglas NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be-updated methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), three people familiar with the matter told Reuters. As it stands, that model would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law. One of environmental groups' central concerns about the use of the GREET model - that it would underestimate the emissions generated by tilling land for crops - appears to be unresolved, said Nikita Pavlenko, fuels team lead at the International Council on Clean Transportation.
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By Stephanie Kelly, Jarrett Renshaw and Leah Douglas NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be-updated methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), three people familiar with the matter told Reuters. For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model. (Reporting by Stephanie Kelly, Jarrett Renshaw, Leah Douglas and David Shepardson; Editing by Trevor Hunnicutt, Bill Berkrot and Chizu Nomiyama) ((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephanie Kelly, Jarrett Renshaw and Leah Douglas NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be-updated methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), three people familiar with the matter told Reuters. SAF producers seeking tax credits under the IRA must demonstrate, with an approved scientific model, that their fuel generates 50% less greenhouse gas emissions over its lifecycle than petroleum fuel. The lifecycle emissions calculated by GREET for any given fuel can vary widely depending on what data sources and assumptions are plugged into the model, and any future update on how producers should use the GREET model needs to take a stringent approach, he said.
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By Stephanie Kelly, Jarrett Renshaw and Leah Douglas NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be-updated methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), three people familiar with the matter told Reuters. SAF producers seeking tax credits under the IRA must demonstrate, with an approved scientific model, that their fuel generates 50% less greenhouse gas emissions over its lifecycle than petroleum fuel. The lifecycle emissions calculated by GREET for any given fuel can vary widely depending on what data sources and assumptions are plugged into the model, and any future update on how producers should use the GREET model needs to take a stringent approach, he said.
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2053.0
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2023-12-12 00:00:00 UTC
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AAL Crosses Above Key Moving Average Level
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AAL
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https://www.nasdaq.com/articles/aal-crosses-above-key-moving-average-level
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nan
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nan
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In trading on Thursday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.32, changing hands as high as $14.65 per share. American Airlines Group Inc shares are currently trading up about 3.2% on the day. The chart below shows the one year performance of AAL shares, versus its 200 day moving average:
Looking at the chart above, AAL's low point in its 52 week range is $10.86 per share, with $19.08 as the 52 week high point — that compares with a last trade of $14.51. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
Also see:
PLBY shares outstanding history
RHB Videos
PHK shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.32, changing hands as high as $14.65 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $10.86 per share, with $19.08 as the 52 week high point — that compares with a last trade of $14.51. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: PLBY shares outstanding history RHB Videos PHK shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Thursday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.32, changing hands as high as $14.65 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $10.86 per share, with $19.08 as the 52 week high point — that compares with a last trade of $14.51. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: PLBY shares outstanding history RHB Videos PHK shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Thursday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.32, changing hands as high as $14.65 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $10.86 per share, with $19.08 as the 52 week high point — that compares with a last trade of $14.51. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: PLBY shares outstanding history RHB Videos PHK shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Thursday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.32, changing hands as high as $14.65 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $10.86 per share, with $19.08 as the 52 week high point — that compares with a last trade of $14.51. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: PLBY shares outstanding history RHB Videos PHK shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2054.0
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2023-12-12 00:00:00 UTC
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EXCLUSIVE-Biden admin to recognize methodology favored by ethanol industry for SAF credits -sources
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AAL
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https://www.nasdaq.com/articles/exclusive-biden-admin-to-recognize-methodology-favored-by-ethanol-industry-for-saf-credits
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nan
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nan
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By Stephanie Kelly and Jarrett Renshaw
NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be updated methodology favored by the ethanol industry in its guidance on how companies can gain access to credits for sustainable aviation fuel (SAF) production, three sources familiar with the matter told Reuters.
For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which as it stands would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law.
The news is a win for the ethanol industry, which has countered environmental groups seeking standards that elevate feedstocks like used cooking oil and animal fat.
The administration, however, is also expected to announce that it will update the GREET methodology by March 1, the sources said.
That leaves some uncertainty for corn-based ethanol producers, as the administration is expected to ultimately tighten requirements around SAF feedstocks.
Over the coming months, a fierce lobbying push is expected.
The Treasury Department declined to comment for this story.
White House adviser John Podesta said on Thursday the SAF guidance would be released very soon.
"We think in order to take advantage of the credit that emissions have to be 50% below what oil-based aviation fuel looks like," Podesta told reporters on Thursday.
(Reporting by Stephanie Kelly, Jarrett Renshaw, Leah Douglas and David Shepharson; Editing by Bill Berkrot)
((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephanie Kelly and Jarrett Renshaw NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be updated methodology favored by the ethanol industry in its guidance on how companies can gain access to credits for sustainable aviation fuel (SAF) production, three sources familiar with the matter told Reuters. For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which as it stands would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law. The news is a win for the ethanol industry, which has countered environmental groups seeking standards that elevate feedstocks like used cooking oil and animal fat.
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By Stephanie Kelly and Jarrett Renshaw NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be updated methodology favored by the ethanol industry in its guidance on how companies can gain access to credits for sustainable aviation fuel (SAF) production, three sources familiar with the matter told Reuters. "We think in order to take advantage of the credit that emissions have to be 50% below what oil-based aviation fuel looks like," Podesta told reporters on Thursday. (Reporting by Stephanie Kelly, Jarrett Renshaw, Leah Douglas and David Shepharson; Editing by Bill Berkrot) ((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephanie Kelly and Jarrett Renshaw NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be updated methodology favored by the ethanol industry in its guidance on how companies can gain access to credits for sustainable aviation fuel (SAF) production, three sources familiar with the matter told Reuters. For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which as it stands would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law. That leaves some uncertainty for corn-based ethanol producers, as the administration is expected to ultimately tighten requirements around SAF feedstocks.
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By Stephanie Kelly and Jarrett Renshaw NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be updated methodology favored by the ethanol industry in its guidance on how companies can gain access to credits for sustainable aviation fuel (SAF) production, three sources familiar with the matter told Reuters. For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which as it stands would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law. "We think in order to take advantage of the credit that emissions have to be 50% below what oil-based aviation fuel looks like," Podesta told reporters on Thursday.
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2055.0
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2023-12-12 00:00:00 UTC
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Year-End Travel Set to Hit Record High: 4 Stocks in Focus
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AAL
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https://www.nasdaq.com/articles/year-end-travel-set-to-hit-record-high%3A-4-stocks-in-focus
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nan
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Higher fuel costs have posed a major challenge for airlines but the ongoing holiday season appears to be one of the best ones for airline operators. After witnessing robust traffic during the Thanksgiving weekend, airline companies are gearing up to handle even bigger traffic during the Christmas weekend.
Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, Southwest Airlines LUV, Delta Air Lines, Inc. DAL and United Airlines Holdings, Inc. UAL.
Christmas Travel to Soar
According to the American Automobile Association (AAA), the 2023 holiday season is projected to be the busiest period for domestic air travel in more than two decades or since it started tracking in 2000.
The Thanksgiving weekend already saw record domestic traffic and now the AAA projects 7.5 million passengers traveling through U.S. airports during the 10-day holiday season between Christmas and New Year, higher than the 7.3 million recorded in 2019.
The average cost of round-trip tickets has been recorded as "slightly lower" than previous years.
“This year-end holiday forecast, with an additional 2.5 million travelers compared to last year, mirrors what AAA Travel has been observing throughout 2023,” Paula Twidale, Senior Vice President of AAA Travel, said.
According to the AAA, the number of people opting for alternative modes of travel, such as trains or cruises, is expected to exceed 2019 levels. This marks a 2.2% increase from 2022 and stands as the second-highest number since the AAA began recording travel data in 2000.
Last year, inclement weather disrupted travel plans during this period, leading numerous airlines to cancel thousands of flights nationwide. However, this year, most airlines are better prepared to handle such situations more efficiently.
Airline companies were one of the biggest casualties of the pandemic that brought travel to a standstill. This saw all major U.S. airline companies incurring huge losses in 2020 and 2021.
The following year saw traffic picking up but 2023 has so far merged as a turnaround year for airlines.
The removal of pandemic-induced restrictions has led to a surge in pent-up demand for air travel. Despite significant challenges posed by increased fuel and labor costs in the airline industry, there is considerable optimism surrounding air travel this year.
Airlines are actively preparing to accommodate the heightened demand by adding more seats per day during the period. Additionally, enticing discounts are being offered as part of efforts to attract more passengers.
Stocks to Watch
Given this situation, it would be ideal to keep these four airline stocks on your radar.
American Airlines Group Inc.’s wholly-owned subsidiaries are American Airlines, Envoy Aviation Group, PSA Airlines and Piedmont Airlines. AAL’s primary business is to provide passenger and cargo services.
American Airlines Group’s expected earnings growth rate for the current year is 378%. Shares of AAL have gained 16.3% in the past 30 days. American Airlines Grouppresently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Southwest Airlines is a passenger airline that provides scheduled air transportation in the United States and 'ten near-international' markets. LUV is one of the largest domestic air carriers (measured in terms of the number of domestic originating passengers boarded) in the United States.
Southwest Airlines’ expected earnings growth rate for the current year is 19.8%. Shares of LUV have gained 26.7% in the past 30 days. Southwest Airlines presently has a Zacks Rank #3.
Delta Air Lines, Inc. is one of the four carriers that controls the majority of the U.S. aviation market (the carriers account for more than 60% of the domestic market share).
Delta Air Lines’expected earnings growth rate for the current year is 90.6%. Shares of DAL have gained 18.9% in the past 30 days. Delta Air Linescurrently has a Zacks Rank #3.
United Airlines Holdings, Inc. transports people and cargo not only throughout North America but also to destinations in Asia, Europe, the Middle East and Latin America. UAL’s hubs are at Newark Liberty International Airport, Chicago O’Hare International Airport, Denver International Airport, George Bush Intercontinental Airport, Los Angeles International Airport, A.B. Won Pat International Airport, San Francisco International Airport and Washington Dulles International Airport.
United Airlines Holdings’ expected earnings growth rate for the current year is 285.3%. Shares of UAL have gained 6.8% in the past 30 days. United Airlines Holdings presently has a Zacks Rank #3.
4 Oil Stocks with Massive Upsides
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, Southwest Airlines LUV, Delta Air Lines, Inc. DAL and United Airlines Holdings, Inc. UAL. AAL’s primary business is to provide passenger and cargo services. Shares of AAL have gained 16.3% in the past 30 days.
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Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, Southwest Airlines LUV, Delta Air Lines, Inc. DAL and United Airlines Holdings, Inc. UAL. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL’s primary business is to provide passenger and cargo services.
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Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, Southwest Airlines LUV, Delta Air Lines, Inc. DAL and United Airlines Holdings, Inc. UAL. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL’s primary business is to provide passenger and cargo services.
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Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, Southwest Airlines LUV, Delta Air Lines, Inc. DAL and United Airlines Holdings, Inc. UAL. AAL’s primary business is to provide passenger and cargo services. Shares of AAL have gained 16.3% in the past 30 days.
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2056.0
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2023-12-12 00:00:00 UTC
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Airline Stock Roundup: LUV Gives Bearish Q4 View, CPA Posts November Traffic
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-luv-gives-bearish-q4-view-cpa-posts-november-traffic
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In the past week, Southwest Airlines’ LUV management increased its fourth-quarter 2023 guidance for fuel cost per gallon. The Dallas-based carrier reduced its growth target for capacity (measured in annual seat miles) beyond 2024. LUV was also in the news when its flight attendants voted down a tentative pay-related deal.
Copa Holdings CPA reported solid traffic numbers for November on the back of upbeat air-travel demand. Another Latin American carrier, Azul’s AZUL November traffic was impressive on an upbeat air-travel demand.
Read the last Airline Roundup here.
Recap of the Past Week’s Most Important Stories
1. Southwest Airlines’ management expects fourth-quarter 2023 available seat miles to improve 21% from the year-ago reported figure. Economic fuel costs per gallon are expected to be $3-$3.1 (earlier expectation: $2.90-$3). LUV expects cost per available seat miles, excluding fuel, oil and profit-sharing expenses, and special items, to decrease 16-19% in the fourth quarter from the comparable period in 2022. Interest expenses are anticipated to be $65 million in the fourth quarter. LUV narrowed its anticipated revenue per available seat mile to a 9-10% decline from a 9-11% dip expected earlier.
LUV expects first-quarter 2024 capacity to increase 10-12%from first-quarter 2023 actuals. The 2024 capacity is likely to increase 6-8% from the 2023 actual. Management expects capacity beyond 2024 to grow in the low to mid-single-digit range (in percentage terms), down from the earlier stated mid-single-digit rise. The airline anticipates year-over-year trip growth beyond 2024 to be in the low-single digits.
In another development, 64% of LUV’s flight attendants voted against the proposed five-year deal pertaining to pay hikes and better working conditions. Apart from pay raises, the provisional agreement also had provisions pertaining to paid parental and maternity leave with insurance coverage. The Dallas-based carrier’s flight attendants are represented by the Transport Workers Union Local 556.
2. Driven by high passenger volumes, revenue passenger miles (a measure of traffic) increased 12.4% at Copa Holdings in November on a year-over-year basis. To match the demand swell, CPA is increasing its capacity. In November, available seat miles increased 11.9% year over year. With traffic growth outpacing capacity expansion, the load factor (percentage of seats filled by passengers) improved to 87.4% from 87.1% in November 2022. Currently, CPA carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3. In November, AZUL’s consolidated revenue passenger kilometers and available seat kilometers increased 8.2% and 8.7%, respectively, on a year-over-year basis. The load factor (the percentage of seats filled by passengers) came in at 79.2% in November 2023. On the domestic front, revenue passenger kilometers and available seat kilometers increased 1.7% and 3.3%, year over year, respectively.
4. American Airlines AAL has been added to the Dow Jones Sustainability World Index. This is the first time that AAL has become part of this prestigious index. For the third consecutive year, AAL is part of the Dow Jones Sustainability North America Index. The Dow Jones Sustainability World Index comprises global sustainability leaders as identified by S&P Global through the Corporate Sustainability Assessment. The index represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index, based on long-term economic, environmental and social criteria.
Price Performance
The following table shows the price movements of the major airline players over the past week and during the past six months.
Image Source: Zacks Investment Research
The table above shows that all airline stocks have traded in the green over the past week. Consequently, the NYSE ARCA Airline Index has improved 3.9% $66.19 over the past week. Over the course of six months, the sector tracker has declined 8%.
What's Next in the Airline Space?
Stay tuned for the usual news updates in the space.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
AZUL (AZUL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines AAL has been added to the Dow Jones Sustainability World Index. This is the first time that AAL has become part of this prestigious index. For the third consecutive year, AAL is part of the Dow Jones Sustainability North America Index.
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Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL has been added to the Dow Jones Sustainability World Index. This is the first time that AAL has become part of this prestigious index.
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Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL has been added to the Dow Jones Sustainability World Index. This is the first time that AAL has become part of this prestigious index.
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American Airlines AAL has been added to the Dow Jones Sustainability World Index. This is the first time that AAL has become part of this prestigious index. For the third consecutive year, AAL is part of the Dow Jones Sustainability North America Index.
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2057.0
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2023-12-12 00:00:00 UTC
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EXCLUSIVE-Biden administration to recognize methodology favored by ethanol industry for SAF credits
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AAL
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https://www.nasdaq.com/articles/exclusive-biden-administration-to-recognize-methodology-favored-by-ethanol-industry-for
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nan
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NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a methodology favored by the ethanol industry that will offer guidance on how companies can gain access to credits for sustainable aviation fuel production, three sources familiar with the matter told Reuters.
For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law.
(Reporting by Stephanie Kelly and Jarrett Renshaw)
((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a methodology favored by the ethanol industry that will offer guidance on how companies can gain access to credits for sustainable aviation fuel production, three sources familiar with the matter told Reuters. For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law. (Reporting by Stephanie Kelly and Jarrett Renshaw) ((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a methodology favored by the ethanol industry that will offer guidance on how companies can gain access to credits for sustainable aviation fuel production, three sources familiar with the matter told Reuters. For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law. (Reporting by Stephanie Kelly and Jarrett Renshaw) ((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a methodology favored by the ethanol industry that will offer guidance on how companies can gain access to credits for sustainable aviation fuel production, three sources familiar with the matter told Reuters. For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law. (Reporting by Stephanie Kelly and Jarrett Renshaw) ((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a methodology favored by the ethanol industry that will offer guidance on how companies can gain access to credits for sustainable aviation fuel production, three sources familiar with the matter told Reuters. For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law. (Reporting by Stephanie Kelly and Jarrett Renshaw) ((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2058.0
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2023-12-11 00:00:00 UTC
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S.Africa's Thungela says "not yet" cutting jobs despite production curbs
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AAL
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https://www.nasdaq.com/articles/s.africas-thungela-says-not-yet-cutting-jobs-despite-production-curbs
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nan
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By Nelson Banya
Dec 13 (Reuters) - Thungela Resources TGAJ.J does not plan broad job cuts at its South African coal mines despite ongoing output curbs, as it plans to re-deploy staff to new projects that will start producing next year, CFO Deon Smith said on Wednesday.
The thermal coal exporter's South African production will be 1 million metric tons lower this year than last, at 12.1 million tons.
In an update on Wednesday, the miner said it had reduced production because state-owned freight rail monopoly Transnet's services had been disrupted by "an increase in security-related issues as well as locomotive failures", constraining capacity to transport commodities to port.
The company had not launched a job restructuring process but relied on natural employee attrition and the targeting of areas mined by contractors as it reduced production, Smith said during an investor call.
He added that Thungela wanted to retain skills for its 4.2 million ton per year Elders mine, due to start production during the first half of 2024 to replace output from the Goedehoop colliery, which is approaching the end of its life.
Thungela is also extending the life of its flagship Zibulo operation by up to 12 years.
"We have pulled every single lever we can think of so far to keep our costs in check, but we’re not yet at a point where we need to necessarily restructure our business," Smith said when asked if the company was considering job cuts.
South Africa's rail crisis has also forced other South African bulk mineral exporters such as Kumba Iron OreKIOJ.J to cut production.
Transnet is on course to transport only 47 million tons of coal to port this year, lower than the 50.3 million tons last year and the lowest level in three decades.
Five years ago, Thungela, then a unit of Anglo American Plc AAL.L, exported 17 million tons of coal.
Thungela this year acquired Ensham mine in Australia as it diversifies away from South Africa and its infrastructure challenges.
Smith said Thungela was working on expanding production at Ensham, where output is expected to be 2.9 million tons this year, higher than the initial forecast of 2.7 million tons.
(Reporting by Nelson Banya; Editing by Sharon Singleton, Kirsten Donovan)
((Nelson.Banya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Five years ago, Thungela, then a unit of Anglo American Plc AAL.L, exported 17 million tons of coal. In an update on Wednesday, the miner said it had reduced production because state-owned freight rail monopoly Transnet's services had been disrupted by "an increase in security-related issues as well as locomotive failures", constraining capacity to transport commodities to port. The company had not launched a job restructuring process but relied on natural employee attrition and the targeting of areas mined by contractors as it reduced production, Smith said during an investor call.
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Five years ago, Thungela, then a unit of Anglo American Plc AAL.L, exported 17 million tons of coal. By Nelson Banya Dec 13 (Reuters) - Thungela Resources TGAJ.J does not plan broad job cuts at its South African coal mines despite ongoing output curbs, as it plans to re-deploy staff to new projects that will start producing next year, CFO Deon Smith said on Wednesday. The thermal coal exporter's South African production will be 1 million metric tons lower this year than last, at 12.1 million tons.
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Five years ago, Thungela, then a unit of Anglo American Plc AAL.L, exported 17 million tons of coal. The thermal coal exporter's South African production will be 1 million metric tons lower this year than last, at 12.1 million tons. Transnet is on course to transport only 47 million tons of coal to port this year, lower than the 50.3 million tons last year and the lowest level in three decades.
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Five years ago, Thungela, then a unit of Anglo American Plc AAL.L, exported 17 million tons of coal. South Africa's rail crisis has also forced other South African bulk mineral exporters such as Kumba Iron OreKIOJ.J to cut production. Transnet is on course to transport only 47 million tons of coal to port this year, lower than the 50.3 million tons last year and the lowest level in three decades.
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2059.0
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2023-12-11 00:00:00 UTC
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American Airlines (AAL) Stock Sinks As Market Gains: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-stock-sinks-as-market-gains%3A-what-you-should-know-8
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American Airlines (AAL) closed at $13.72 in the latest trading session, marking a -0.29% move from the prior day. This change lagged the S&P 500's 0.39% gain on the day. Meanwhile, the Dow gained 0.43%, and the Nasdaq, a tech-heavy index, added 0.2%.
The world's largest airline's stock has climbed by 16.61% in the past month, exceeding the Transportation sector's gain of 7.8% and the S&P 500's gain of 5.28%.
The investment community will be closely monitoring the performance of American Airlines in its forthcoming earnings report. On that day, American Airlines is projected to report earnings of $0.01 per share, which would represent a year-over-year decline of 99.15%. Our most recent consensus estimate is calling for quarterly revenue of $13.02 billion, down 1.29% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.39 per share and revenue of $52.76 billion, which would represent changes of +378% and +7.73%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for American Airlines. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, American Airlines boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, American Airlines is currently exchanging hands at a Forward P/E ratio of 5.75. This signifies a discount in comparison to the average Forward P/E of 7.04 for its industry.
We can additionally observe that AAL currently boasts a PEG ratio of 0.11. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Transportation - Airline industry was having an average PEG ratio of 0.3.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) closed at $13.72 in the latest trading session, marking a -0.29% move from the prior day. We can additionally observe that AAL currently boasts a PEG ratio of 0.11. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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American Airlines (AAL) closed at $13.72 in the latest trading session, marking a -0.29% move from the prior day. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. We can additionally observe that AAL currently boasts a PEG ratio of 0.11.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) closed at $13.72 in the latest trading session, marking a -0.29% move from the prior day. We can additionally observe that AAL currently boasts a PEG ratio of 0.11.
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American Airlines (AAL) closed at $13.72 in the latest trading session, marking a -0.29% move from the prior day. We can additionally observe that AAL currently boasts a PEG ratio of 0.11. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2060.0
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2023-12-11 00:00:00 UTC
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Validea Detailed Fundamental Analysis - AAL
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AAL
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https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-aal-11
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. This deep value model looks for inexpensive stocks that could be potential takeover targets.
AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry. The rating using this strategy is 84% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
QUALITY: PASS
ACQUIRER'S MULTIPLE FAIL
Detailed Analysis of AMERICAN AIRLINES GROUP INC
AAL Guru Analysis
AAL Fundamental Analysis
More Information on Tobias Carlisle
Tobias Carlisle Portfolio
About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing. He is the author of "The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market" and the founder of Acquirer's Funds. He is also the author of "Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations" and co-author of Quantitative Value: "A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors" Tobias is originally from Australia, where he worked an an analyst at an activist hedge fund and was a lawyer specializing in mergers and acquisitions.
Additional Research Links
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing.
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Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing. Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing.
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2061.0
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2023-12-11 00:00:00 UTC
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Tighter supplies to create tailwind for copper prices
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AAL
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https://www.nasdaq.com/articles/tighter-supplies-to-create-tailwind-for-copper-prices
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By Pratima Desai
LONDON, Dec 11 (Reuters) - Mine closures and disruptions have rapidly changed the landscape for copper supplies and prompted analysts to lower their forecasts for surpluses in a positive signal for prices of the industrial metal.
Copper prices CMCN3 on the London Metal Exchange on Friday headed towards the four-month highs of $8,640 a metric ton seen on December 1, partly due to Anglo American AAL.L lowering its production guidance.
The London-listed miner said output next year would amount to 730,000-790,000 metric tons, down 20% from a previous estimate, while for 2025 it expects to produce 690,000 to 750,000 tons, down 18% from its previous estimate.
Anglo is putting one of the processing plants at its Los Bronces operation in Chile on care and maintenance and plans for its Quellaveco facility in Peru have "been adjusted" to safely navigate a geotechnical fault line.
"(Anglo's) newly issued guidance for 2026 was also well below our numbers," said Macquarie analyst Alice Fox.
"Vale announced new guidance this week that was below our expectations as well, but not to the same scale ...the outlook for prices is more bullish if demand holds up."
Brazil's Vale VALE3.SAestimated its copper production at 320,000 to 355,000 tons in 2024 versus 325,000 tons this year.
Macquarie now expects copper market surpluses of 100,000 and 287,000 tons for 2024 and 2025 respectively, down from previous forecasts of 203,000 and 369,000 tons.
Global copper production next year and in 2025 is expected to be around 27 million tons.
Disruptions at First Quantum's FM.TO Cobre mine in Panama, accounting for 1% of global mined supply last year, are also on the watchlist. Its future is uncertain due to the country's top court declaring as unconstitutional First Quantum's contract to own and operate the mine.
Even before Anglo's announcement, Bank of America analyst Michael Widmer had removed Cobre Panama from his estimate of copper supplies for next year and switched his forecast from a small surplus to a deficit.
"To us, a restart looks unlikely before the May 2024 general elections in Panama at the earliest, i.e. once a new administration is established with which First Quantum may begin negotiating a contract," Widmer said.
"While elections could bring change, we now assume a potential restart of Cobre Panama in the fourth quarter of next year."
(Reporting by Pratima Desai; editing by Jason Neely)
((pratima.desai@thomsonreuters.com; +44 207 513 5681;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Copper prices CMCN3 on the London Metal Exchange on Friday headed towards the four-month highs of $8,640 a metric ton seen on December 1, partly due to Anglo American AAL.L lowering its production guidance. By Pratima Desai LONDON, Dec 11 (Reuters) - Mine closures and disruptions have rapidly changed the landscape for copper supplies and prompted analysts to lower their forecasts for surpluses in a positive signal for prices of the industrial metal. Anglo is putting one of the processing plants at its Los Bronces operation in Chile on care and maintenance and plans for its Quellaveco facility in Peru have "been adjusted" to safely navigate a geotechnical fault line.
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Copper prices CMCN3 on the London Metal Exchange on Friday headed towards the four-month highs of $8,640 a metric ton seen on December 1, partly due to Anglo American AAL.L lowering its production guidance. By Pratima Desai LONDON, Dec 11 (Reuters) - Mine closures and disruptions have rapidly changed the landscape for copper supplies and prompted analysts to lower their forecasts for surpluses in a positive signal for prices of the industrial metal. Disruptions at First Quantum's FM.TO Cobre mine in Panama, accounting for 1% of global mined supply last year, are also on the watchlist.
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Copper prices CMCN3 on the London Metal Exchange on Friday headed towards the four-month highs of $8,640 a metric ton seen on December 1, partly due to Anglo American AAL.L lowering its production guidance. By Pratima Desai LONDON, Dec 11 (Reuters) - Mine closures and disruptions have rapidly changed the landscape for copper supplies and prompted analysts to lower their forecasts for surpluses in a positive signal for prices of the industrial metal. The London-listed miner said output next year would amount to 730,000-790,000 metric tons, down 20% from a previous estimate, while for 2025 it expects to produce 690,000 to 750,000 tons, down 18% from its previous estimate.
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Copper prices CMCN3 on the London Metal Exchange on Friday headed towards the four-month highs of $8,640 a metric ton seen on December 1, partly due to Anglo American AAL.L lowering its production guidance. Brazil's Vale VALE3.SAestimated its copper production at 320,000 to 355,000 tons in 2024 versus 325,000 tons this year. Macquarie now expects copper market surpluses of 100,000 and 287,000 tons for 2024 and 2025 respectively, down from previous forecasts of 203,000 and 369,000 tons.
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2062.0
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2023-12-08 00:00:00 UTC
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Southwest's flight attendants reject tentative agreement
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AAL
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https://www.nasdaq.com/articles/southwests-flight-attendants-reject-tentative-agreement
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CHICAGO, Dec 8 (Reuters) - Flight attendants at Southwest Airlines LUV.N have rejected a tentative contract agreement, with 64% of them voting against the proposed five-year deal, their union said on Friday.
The Transport Workers Union (TWU) Local 556, representing nearly 19,000 flight attendants, said in a statement "this proposed contract is not going to heal the hurt."
Southwest's flight attendants have been demanding higher pay and better work rules in the new contract. The previous contract came up for renewal in 2018.
Rivals American Airlines AAL.O and United Airlines UAL.O are also still negotiating with their flight attendants. Delta Air Lines' DAL.N flight attendants are not unionized.
The TWU Local 556 said on Friday, "we will go back to the table to achieve the collective bargaining agreement that meets the needs of the hardest-working flight attendants in the industry."
Southwest's proposed contract included a 20% pay raise beginning next month and a 3% annual raise in 2025, 2026, 2027 and 2028.
The union had said that would have resulted in a 36% increase over the life of the contract for flight attendants at top of scale and up to 90% for other seniorities.
The tentative agreement also provided for paid parental and maternity leave with insurance coverage.
In the past two years, unions across the aerospace, construction, airline and rail industries have put up fights for higher wages and more benefits in a tight labor market.
Southwest has yet to reach a contract deal with its pilots.
(Reporting by Rajesh Kumar Singh in Chicago and Aatreyee Dasgupta in Bengaluru; Editing by Shinjini Ganguli)
((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rivals American Airlines AAL.O and United Airlines UAL.O are also still negotiating with their flight attendants. CHICAGO, Dec 8 (Reuters) - Flight attendants at Southwest Airlines LUV.N have rejected a tentative contract agreement, with 64% of them voting against the proposed five-year deal, their union said on Friday. The TWU Local 556 said on Friday, "we will go back to the table to achieve the collective bargaining agreement that meets the needs of the hardest-working flight attendants in the industry."
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Rivals American Airlines AAL.O and United Airlines UAL.O are also still negotiating with their flight attendants. CHICAGO, Dec 8 (Reuters) - Flight attendants at Southwest Airlines LUV.N have rejected a tentative contract agreement, with 64% of them voting against the proposed five-year deal, their union said on Friday. The Transport Workers Union (TWU) Local 556, representing nearly 19,000 flight attendants, said in a statement "this proposed contract is not going to heal the hurt."
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Rivals American Airlines AAL.O and United Airlines UAL.O are also still negotiating with their flight attendants. CHICAGO, Dec 8 (Reuters) - Flight attendants at Southwest Airlines LUV.N have rejected a tentative contract agreement, with 64% of them voting against the proposed five-year deal, their union said on Friday. The Transport Workers Union (TWU) Local 556, representing nearly 19,000 flight attendants, said in a statement "this proposed contract is not going to heal the hurt."
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Rivals American Airlines AAL.O and United Airlines UAL.O are also still negotiating with their flight attendants. CHICAGO, Dec 8 (Reuters) - Flight attendants at Southwest Airlines LUV.N have rejected a tentative contract agreement, with 64% of them voting against the proposed five-year deal, their union said on Friday. Southwest's flight attendants have been demanding higher pay and better work rules in the new contract.
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2063.0
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2023-12-08 00:00:00 UTC
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Griffon and Clearway Energy have been highlighted as Zacks Bull and Bear of the Day
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AAL
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https://www.nasdaq.com/articles/griffon-and-clearway-energy-have-been-highlighted-as-zacks-bull-and-bear-of-the-day
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For Immediate Release
Chicago, IL – December 8, 2023 – Zacks Equity Research shares Griffon GFF as the Bull of the Day and Clearway Energy CWEN as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Delta Air Lines DAL, American Airlines AAL and United Airlines UAL.
Here is a synopsis of all five stocks.
Bull of the Day:
Griffon’s stock has offered investors the steady growth and value they look for in the portfolio and lands the Bull of the Day after being added to the Zacks Rank #1 (Strong Buy) list on Thursday.
The multinational conglomerate and holding company has an expanding presence in the home and building products market along with the consumer and professional products markets.
After hitting 52-week highs of $50 a share this week there could still be plenty of upside for Griffon’s stock with the Average Zacks Price Target of $64.25 a share being 29% above current levels.
Performance Overview
Operating through several subsidiaries including The Ames Companies, Griffon’s stock has popped +39% in 2023 and has now soared over +150% in the last three years to largely outperform the broader indexes.
As one of its most lucrative subsidiaries, The Ames Companies has operations in Massachusetts that date back to 1774 etching its name in American history while becoming a leading North American manufacturer and a global provider of branded tools and products for home storage, organization, and landscaping.
Strengthening Outlook
Extending its impeccable price performance over the last few years was that Griffon was able to beat its fiscal fourth quarter earnings expectations by 22% last month.
Although Griffon’s current fiscal 2024 earnings are expected to dip -7% following a tougher-to-compete-against year, FY25 EPS is projected to rebound and soar 32% to $5.56 per share. More importantly, earnings estimate revisions for both FY24 and FY25 are nicely up over the last 60 days.
This is very compelling considering Griffon’s stock trades at a 12X forward earnings multiple which is a lofty discount to the S&P 500’s 21.2X and its Zacks Diversified Operations Markets' 22.9X with some of the notable names in the space including GM, 3M and Honeywell.
Bottom Line
In addition to sporting a Zacks Rank #1 (Strong Buy), Griffon’s stock has an “A” Zacks Style Scores grade for both Value and Growth. Checking many fundamental trading boxes there appears to be more room to run for GFF shares with Griffon offering a respectable 1.21% annual dividend yield as well.
Bear of the Day:
The long-term prospects of alternative energy player Clearway Energy may still be perplexing but unfortunately, there may be more short-term risk ahead landing its stock a Zacks Rank #5 (Strong Sell) and the Bear of the Day.
After widely missing earnings expectations for two consecutive quarters investors may want to curb their enthusiasm for Clearway’s luring 6.34% annual dividend yield amid weak renewable resource conditions and lower natural gas prices.
Weak Q3 Results: Notably, the Zacks Alternative Energy-Other Industry is in the bottom 39% of over 250 Zacks industries and Clearway’s Q3 results in November alluded to a tougher operating environment.
While Q3 sales of $371 million topped estimates by 8% earnings of $0.03 a share fell a very concerning -94% below expectations of $0.55 a share. This comes after Q2 earnings of $0.33 a share missed the Zacks Consensus of $0.55 a share by -40% in August.
Weaker Outlook: Largely attributing to Clearway’s strong sell rating, annual earnings estimates for fiscal 2023 are down -10% over the last 60 days while FY24 EPS estimates have fallen -11%.
On top of this, Clearway’s stock is already down -21% this year to vastly underperform the broader indexes and trail its Zacks Subindustry’s -14%.
Takeaway
While it’s far too soon to call Clearway Energy’s stock a value trap, investors may want to think twice before investing in the company at the moment considering its lucrative dividend yield but poor performance of late.
Additional content:
Here's Why Airline Stocks Are Soaring
Wednesday, Dec 6, saw U.S. airline stocks perform exceedingly well on the bourses. Shares of industrial heavyweights like Delta Air Lines, American Airlines and United Airlines gained 3.54%, 2.67% and 3.38%, respectively, on Dec 6 over Dec 5’s closing. Consequently, the NYSE ARCA Airline Index appreciated 2.19% at the close of trading on Dec 6.
All of the above-mentioned companies currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
What Led to the Northward Price Movement?
The catalyst behind the impressive performance on the bourses was the bullish commentary of Delta’s management at the Morgan Stanley Global Consumer & Retail Conference. After a record-breaking performance during the Thanksgiving holiday period, management expects another rosy performance in terms of traffic during Christmas, thereby ending the year on a strong note.
We remind investors that more than 5.3 million customers availed of DAL flights between Nov 17 and Nov 26. DAL operated more than 43,000 flights systemwide during this period to meet the buoyant air travel demand witnessed during the Thanksgiving holiday period.
At the investor event, management also sounded optimistic about international air travel in 2024 and stated that its performance with respect to Trans-Atlantic travel had been particularly strong in the current year, leading to a significant increase in capacity to meet the buoyant demand scenario. Management expects the strong Trans-Atlantic performance to continue next year, as advanced bookings remain strong and are anticipated to pick up as we approach March.
Highlighting that air travel demand has held up well over the past few weeks, DAL maintained the fourth-quarter and 2023 outlook that it provided in October with its third-quarter results. Fourth-quarter earnings are expected to be $1.05-$1.30 per share. The Zacks Consensus Estimate for the same is pegged at $1.15 per share.
The adjusted operating margin in the December quarter is expected to be 9-11%. Management projects fourth-quarter total revenues (adjusted) to increase 9-12% on a year-over-year basis. DAL continues to anticipate adjusted earnings of $6.00-$6.25 per share for 2023. The Zacks Consensus Estimate for the same is pegged at $6.10 per share. For 2023, the adjusted operating margin is expected to be 11.5%. Management projects full-year total revenues (adjusted) to increase 20% on a year-over-year basis.
Airlines Regain Mojo Ahead of Year-End
The record traffic during the Thanksgiving period has provided the much-needed boost to airline stocks after a tough few months due to headwinds like high labor and fuel costs, and a slowdown in domestic air travel demand. We note that airline stocks have been performing well of late and the uptick on Dec 6 was part of that uptrend.
Over the past month, stocks in the Zacks Airline industry have gained 11.5%, handily outperforming the S&P 500’s 3.9% appreciation.
Similar to DAL, American Airlines and United Airlines have attracted huge traffic in the Thanksgiving travel period. AAL flights attracted 6.5 million customers over the Thanksgiving holiday, thereby establishing a record for the airline, with Nov 26 being its busiest day. UAL flights, too, were packed, with a record 3.2 million passengers flying between Nov 17 and Nov 23.
The upbeat air-traffic scenario apart, the decline in oil price from the 2023 highs reached in late September bodes well for airlines. This is because expenses on fuel represent significant input costs for airlines.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index.Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Griffon Corporation (GFF) : Free Stock Analysis Report
Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, Zacks Equity Research provides analysis on Delta Air Lines DAL, American Airlines AAL and United Airlines UAL. AAL flights attracted 6.5 million customers over the Thanksgiving holiday, thereby establishing a record for the airline, with Nov 26 being its busiest day. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Griffon Corporation (GFF) : Free Stock Analysis Report Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In addition, Zacks Equity Research provides analysis on Delta Air Lines DAL, American Airlines AAL and United Airlines UAL. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Griffon Corporation (GFF) : Free Stock Analysis Report Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL flights attracted 6.5 million customers over the Thanksgiving holiday, thereby establishing a record for the airline, with Nov 26 being its busiest day.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Griffon Corporation (GFF) : Free Stock Analysis Report Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on Delta Air Lines DAL, American Airlines AAL and United Airlines UAL. AAL flights attracted 6.5 million customers over the Thanksgiving holiday, thereby establishing a record for the airline, with Nov 26 being its busiest day.
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In addition, Zacks Equity Research provides analysis on Delta Air Lines DAL, American Airlines AAL and United Airlines UAL. AAL flights attracted 6.5 million customers over the Thanksgiving holiday, thereby establishing a record for the airline, with Nov 26 being its busiest day. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Griffon Corporation (GFF) : Free Stock Analysis Report Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2064.0
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2023-12-08 00:00:00 UTC
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Anglo's S.African iron ore unit cuts production as rail woes persist
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AAL
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https://www.nasdaq.com/articles/anglos-s.african-iron-ore-unit-cuts-production-as-rail-woes-persist
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By Nelson Banya
Dec 8 (Reuters) - South Africa's Kumba Iron Ore KIOJ.J, a unit of global mining giant Anglo American Plc AAL.L, on Friday said it was cutting production over the next three years to align output to constrained capacity to transport minerals via rail to port.
Transnet, South Africa's state-owned freight rail and port operator, is struggling to haul minerals and other commodities to export markets due to locomotive shortages, cable theft and vandalism of its infrastructure. This has cost exporters billions of rand in potential revenue.
Kumba, whose iron ore stockpiles had grown to 9 million tons by September due to the rail bottlenecks, said it expects to end 2023 with production of between 35-36 million tons, from the previous forecast between 35–37 million tons.
Kumba has also lowered its production outlook for the next three years to 35–37 million tons per year, from previous targets of 37–39 million tons in 2024 and 39–41 million
tons in 2025, it said in a production update.
"There is no escaping the fact that ongoing logistics constraints have continued to place significant pressure on our value chain, resulting in stock levels at the mines increasing to unsustainable levels. We have therefore slowed down production," Kumba CEO Mpumi Zikhalala said.
The persistent logistics problems have resulted in a 15% decrease in iron ore railed to port since 2019, Kumba said.
Anglo American CEO Duncan Wanblad told an investor call on Friday that the group had decided to slow down production at Kumba and move stockpiles until Transnet's logistics problems were resolved.
"As soon as we get the transport capacity, we would be able to ramp the production back up," Wanblad said.
The global mining giant was preparing to freeze spending on growth and widen job cuts in South Africa, including mothballing some higher-cost platinum mines, sources familiar with the matter told Reuters on Thursday.
At Kumba, the restructuring had already seen a 30% reduction in head office staff in September, Zikhalala said during an investor call. The company was also reviewing its use of contractors, she added.
On Friday, Anglo American said it aims to cut capital expenditure by $1.8 billion by 2026, as it grapples with a fall in demand for most of the metals it mines and a huge writedown for its British fertiliser project.
Kumba is targeting up to 3 billion rand ($159 million) in 2023 cost savings, having reduced its capital expenditure the year by about $105 million to between $475 million and $530 million earlier in the year.
($1 = 18.9120 rand)
(Reporting by Nelson Banya; Editing by Elaine Hardcastle and David Evans)
((Nelson.Banya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Nelson Banya Dec 8 (Reuters) - South Africa's Kumba Iron Ore KIOJ.J, a unit of global mining giant Anglo American Plc AAL.L, on Friday said it was cutting production over the next three years to align output to constrained capacity to transport minerals via rail to port. Transnet, South Africa's state-owned freight rail and port operator, is struggling to haul minerals and other commodities to export markets due to locomotive shortages, cable theft and vandalism of its infrastructure. Anglo American CEO Duncan Wanblad told an investor call on Friday that the group had decided to slow down production at Kumba and move stockpiles until Transnet's logistics problems were resolved.
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By Nelson Banya Dec 8 (Reuters) - South Africa's Kumba Iron Ore KIOJ.J, a unit of global mining giant Anglo American Plc AAL.L, on Friday said it was cutting production over the next three years to align output to constrained capacity to transport minerals via rail to port. Kumba has also lowered its production outlook for the next three years to 35–37 million tons per year, from previous targets of 37–39 million tons in 2024 and 39–41 million tons in 2025, it said in a production update. Anglo American CEO Duncan Wanblad told an investor call on Friday that the group had decided to slow down production at Kumba and move stockpiles until Transnet's logistics problems were resolved.
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By Nelson Banya Dec 8 (Reuters) - South Africa's Kumba Iron Ore KIOJ.J, a unit of global mining giant Anglo American Plc AAL.L, on Friday said it was cutting production over the next three years to align output to constrained capacity to transport minerals via rail to port. Kumba, whose iron ore stockpiles had grown to 9 million tons by September due to the rail bottlenecks, said it expects to end 2023 with production of between 35-36 million tons, from the previous forecast between 35–37 million tons. Kumba has also lowered its production outlook for the next three years to 35–37 million tons per year, from previous targets of 37–39 million tons in 2024 and 39–41 million tons in 2025, it said in a production update.
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By Nelson Banya Dec 8 (Reuters) - South Africa's Kumba Iron Ore KIOJ.J, a unit of global mining giant Anglo American Plc AAL.L, on Friday said it was cutting production over the next three years to align output to constrained capacity to transport minerals via rail to port. The persistent logistics problems have resulted in a 15% decrease in iron ore railed to port since 2019, Kumba said. Anglo American CEO Duncan Wanblad told an investor call on Friday that the group had decided to slow down production at Kumba and move stockpiles until Transnet's logistics problems were resolved.
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2065.0
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2023-12-08 00:00:00 UTC
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European shares muted as miners offset energy boost, US jobs data in focus
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AAL
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https://www.nasdaq.com/articles/european-shares-muted-as-miners-offset-energy-boost-us-jobs-data-in-focus
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Dec 8 (Reuters) - European shares were muted on Friday, as a drop in miners offset gains in energy stocks, while investors assessed Germany's inflation data and keenly awaited a key U.S. employment report to reaffirm expectations of a peak in global interest rates.
The pan-European STOXX 600 index .STOXX rose 0.1% and was headed for a fourth consecutive week of gains.
Energy .SXEP shares added 0.5%, tracking higher crude prices.
Miners .SXPP fell 0.8% after Anglo AmericanAAL.L slumped 6.2% on plans to reduce capital expenditure by $1.8 billion across its businesses by 2026.
All eyes will be on the U.S. Labor Department's report on November non-farm payrolls, due later in the day, for clues on the Federal Reserve's monetary policy outlook.
Meanwhile, the latest data showed German inflation eased in November, bolstering the case for a peak in eurozone interest rates.
In corporate news, VivendiVIV.PA climbed 3.2% to the top of the STOXX 600 as the media firm is set to replace Worldline WLN.PA on the CAC40 index, effective from Dec. 18.
(Reporting by Khushi Singh in Bengaluru; Editing by Eileen Soreng)
((Khushi.Singh@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Miners .SXPP fell 0.8% after Anglo AmericanAAL.L slumped 6.2% on plans to reduce capital expenditure by $1.8 billion across its businesses by 2026. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Dec 8 (Reuters) - European shares were muted on Friday, as a drop in miners offset gains in energy stocks, while investors assessed Germany's inflation data and keenly awaited a key U.S. employment report to reaffirm expectations of a peak in global interest rates. All eyes will be on the U.S. Labor Department's report on November non-farm payrolls, due later in the day, for clues on the Federal Reserve's monetary policy outlook.
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Miners .SXPP fell 0.8% after Anglo AmericanAAL.L slumped 6.2% on plans to reduce capital expenditure by $1.8 billion across its businesses by 2026. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Dec 8 (Reuters) - European shares were muted on Friday, as a drop in miners offset gains in energy stocks, while investors assessed Germany's inflation data and keenly awaited a key U.S. employment report to reaffirm expectations of a peak in global interest rates. The pan-European STOXX 600 index .STOXX rose 0.1% and was headed for a fourth consecutive week of gains.
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Miners .SXPP fell 0.8% after Anglo AmericanAAL.L slumped 6.2% on plans to reduce capital expenditure by $1.8 billion across its businesses by 2026. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Dec 8 (Reuters) - European shares were muted on Friday, as a drop in miners offset gains in energy stocks, while investors assessed Germany's inflation data and keenly awaited a key U.S. employment report to reaffirm expectations of a peak in global interest rates. In corporate news, VivendiVIV.PA climbed 3.2% to the top of the STOXX 600 as the media firm is set to replace Worldline WLN.PA on the CAC40 index, effective from Dec. 18.
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Miners .SXPP fell 0.8% after Anglo AmericanAAL.L slumped 6.2% on plans to reduce capital expenditure by $1.8 billion across its businesses by 2026. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Dec 8 (Reuters) - European shares were muted on Friday, as a drop in miners offset gains in energy stocks, while investors assessed Germany's inflation data and keenly awaited a key U.S. employment report to reaffirm expectations of a peak in global interest rates. The pan-European STOXX 600 index .STOXX rose 0.1% and was headed for a fourth consecutive week of gains.
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2066.0
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2023-12-08 00:00:00 UTC
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Anglo American plans $1.8 billion capex cuts by 2026
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AAL
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https://www.nasdaq.com/articles/anglo-american-plans-%241.8-billion-capex-cuts-by-2026
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By Clara Denina and Felix Njini
LONDON, Dec 8 (Reuters) - Global miner Anglo American AAL.L said on Friday it aimed to reduce capital expenditure by $1.8 billion across its businesses by 2026, as it deepens spending cuts across all its units.
"In the near term, given continuing elevated macro volatility, we are being deliberate in reducing our costs and prioritising our capital to drive more profitable production on a sustainable basis," said Chief Executive Duncan Wanblad in a statement.
The London-listed miner, which had already targeted saving $500 million by cutting corporate jobs and some costs at head offices in Johannesburg, London and other locations, is aiming to cut an additional $500 million by 2024.
It will now reduce production at its South African unit Kumba Iron Ore KIOJ.J, where stockpiles had grown to 9 million tons by September on worsening rail bottlenecks, and focus on higher-margin production for its platinum group metals (PGMs) operations.
Sources familiar with the matter told Reuters on Thursday that Anglo was preparing sweeping cost cuts.
(Reporting by Clara Denina, Fex Njini, Chandini Monnappa; Editing by Rashmi Aich and Mark Potter)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Clara Denina and Felix Njini LONDON, Dec 8 (Reuters) - Global miner Anglo American AAL.L said on Friday it aimed to reduce capital expenditure by $1.8 billion across its businesses by 2026, as it deepens spending cuts across all its units. "In the near term, given continuing elevated macro volatility, we are being deliberate in reducing our costs and prioritising our capital to drive more profitable production on a sustainable basis," said Chief Executive Duncan Wanblad in a statement. Sources familiar with the matter told Reuters on Thursday that Anglo was preparing sweeping cost cuts.
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By Clara Denina and Felix Njini LONDON, Dec 8 (Reuters) - Global miner Anglo American AAL.L said on Friday it aimed to reduce capital expenditure by $1.8 billion across its businesses by 2026, as it deepens spending cuts across all its units. It will now reduce production at its South African unit Kumba Iron Ore KIOJ.J, where stockpiles had grown to 9 million tons by September on worsening rail bottlenecks, and focus on higher-margin production for its platinum group metals (PGMs) operations. (Reporting by Clara Denina, Fex Njini, Chandini Monnappa; Editing by Rashmi Aich and Mark Potter) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Clara Denina and Felix Njini LONDON, Dec 8 (Reuters) - Global miner Anglo American AAL.L said on Friday it aimed to reduce capital expenditure by $1.8 billion across its businesses by 2026, as it deepens spending cuts across all its units. The London-listed miner, which had already targeted saving $500 million by cutting corporate jobs and some costs at head offices in Johannesburg, London and other locations, is aiming to cut an additional $500 million by 2024. It will now reduce production at its South African unit Kumba Iron Ore KIOJ.J, where stockpiles had grown to 9 million tons by September on worsening rail bottlenecks, and focus on higher-margin production for its platinum group metals (PGMs) operations.
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By Clara Denina and Felix Njini LONDON, Dec 8 (Reuters) - Global miner Anglo American AAL.L said on Friday it aimed to reduce capital expenditure by $1.8 billion across its businesses by 2026, as it deepens spending cuts across all its units. "In the near term, given continuing elevated macro volatility, we are being deliberate in reducing our costs and prioritising our capital to drive more profitable production on a sustainable basis," said Chief Executive Duncan Wanblad in a statement. The London-listed miner, which had already targeted saving $500 million by cutting corporate jobs and some costs at head offices in Johannesburg, London and other locations, is aiming to cut an additional $500 million by 2024.
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2023-12-08 00:00:00 UTC
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Anglo American plans to cut costs; expects lower 2024 production
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https://www.nasdaq.com/articles/anglo-american-plans-to-cut-costs-expects-lower-2024-production
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Dec 8 (Reuters) - Global miner Anglo American AAL.L said on Friday it aimed to reduce costs across its businesses by the end of 2024, reducing production by about 4%.
(Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich)
((Chandini.M@thomsonreuters.com; +918061822697;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dec 8 (Reuters) - Global miner Anglo American AAL.L said on Friday it aimed to reduce costs across its businesses by the end of 2024, reducing production by about 4%. (Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich) ((Chandini.M@thomsonreuters.com; +918061822697;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dec 8 (Reuters) - Global miner Anglo American AAL.L said on Friday it aimed to reduce costs across its businesses by the end of 2024, reducing production by about 4%. (Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich) ((Chandini.M@thomsonreuters.com; +918061822697;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dec 8 (Reuters) - Global miner Anglo American AAL.L said on Friday it aimed to reduce costs across its businesses by the end of 2024, reducing production by about 4%. (Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich) ((Chandini.M@thomsonreuters.com; +918061822697;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dec 8 (Reuters) - Global miner Anglo American AAL.L said on Friday it aimed to reduce costs across its businesses by the end of 2024, reducing production by about 4%. (Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich) ((Chandini.M@thomsonreuters.com; +918061822697;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2068.0
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2023-12-07 00:00:00 UTC
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7 Bold Stock Predictions for the Year Ahead
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https://www.nasdaq.com/articles/7-bold-stock-predictions-for-the-year-ahead
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It’s the end of the year, which means that it’s time to dust off the crystal ball and look at some top stock predictions for 2024. What will the year ahead bring for the stock market and equities? That’s the questions analysts and traders are trying to answer as they close out 2023 and look ahead to 2024.
Opinions on where the market is heading seem to differ widely with both bulls and bears represented in the 2024 forecasts. Some market observers continue to expect a recession in 2024 and a downturn in corporate earnings. Others see bulls stampeding across the market as interest rates and bond yields move lower. Where it all ends up is anyone’s guess. However, we would be remiss if we didn’t offer a few top stock predictions for 2024 of our own. Here are seven bold stock predictions for the year ahead.
Stock Predictions for 2024: Gold Prices Continue To Rise
Source: Misunseo / Shutterstock.com
The price of gold just hit an intraday all-time high of $2,110.80. And there’s word the metal has formed a “golden cross,” a technical chart pattern that has historically proven to be a bullish sign for the commodity. Essentially, the golden cross indicates that the price of bullion is likely to continue rising in the near term.
Demand for the safe-haven asset continues to be strong heading into the new year, with many analysts forecasting that gold’s price will remain above $2,000 throughout 2024. In addition to geopolitical uncertainty, other tailwinds are a weaker U.S. dollar and expectations that interest rates will move lower in the coming year. Also, a recent survey by the World Gold Council found that 24% of central banks intend to increase their gold reserves over the next year.
Bitcoin’s Price Hits An All-Time High
Source: Sittipong Phokawattana / Shutterstock.com
Cryptocurrencies continue to surge higher, with Bitcoin (BTC-USD) leading the charge. At nearly $44,000, the price of BTC has gained 164% in 2023 and is now at its highest level since April 2022. That said, the price of Bitcoin remains well below its all-time high of $68,000 reached in November 2021. That could change in 2024, especially if spot Bitcoin exchange-traded funds (ETFs) are approved by the U.S. Securities and Exchange Commission (SEC) as is widely expected.
While some analysts are confidently predicting that Bitcoin’s price will reach $100,000 in the year ahead, that outlook seems a little aggressive. However, it’s not out of the realm of possibility for Bitcoin to reach a new all-time high in the coming year. Certainly BTC could hit $70,000 or $75,000 in the next 12 months, especially as it is currently on track to reach $50,000 before the calendar changes to 2024 in a few weeks. With interest rates expected to fall, investors’ appetite for riskier assets such as crypto can be expected to intensify in coming months.
Stock Predictions for 2024: Nvidia’s Stock Doubles (Again)
Source: Evolf / Shutterstock.com
Nvidia’s (NASDAQ:NVDA) stock tripled in 2023 and has been one of the best-performing securities in the benchmark S&P 500 index. However, despite the big rally this past year, NVDA stock is still undervalued, especially after its recent pullback following its earnings print. Among 47 analysts who track Nvidia’s progress, the median price target on the stock is 40% higher than where the shares currently trade. The lowest target is 15% higher than the current share price.
It’s likely only a matter of time before market sentiment catches up to reality with NVDA stock. And given its blockbuster growth and overwhelming demand for its microchips and semiconductors that power artificial intelligence (AI) applications, it’s not inconceivable for NVDA stock to double again in 2024. This is especially likely if the company continues to post blowout quarterly results that obliterate Wall Street forecasts. Also worth noting is that NVDA stock is attractively valued right now and cheaper than other mega-cap tech stocks such as Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT).
The Fed Won’t Cut Rates Until The Second Half Of The Year
Source: Shutterstock
While the U.S. Federal Reserve might be done raising interest rates, the timing of when it will begin lowering them remains in question. Futures traders are being aggressive with a 65% probability that the first Fed rate cut will occur in March 2024. By September, traders expect that the Fed Funds Rate will have declined by 250 basis points to 3%. That’s an extremely bullish outlook that doesn’t quite jibe with the current economic data or inflation itself.
The most recent numbers showed that the U.S. economy grew at a 5.2% rate in this year’s third quarter, which was even stronger than first indicated. Employment remains strong, and while inflation has been declining, at 3.2%, it remains well above the Fed’s annualized 2% target. While many economists continue to hold out hope for a recession to appear, none has emerged. And although markets continue to try and call Fed Chair Jerome Powell’s bluff, he remains adamant in his public remarks that the battle against inflation isn’t over. All this could mean that we don’t get the first rate cut until next summer.
Stock Predictions for 2024: Airline Stocks Stage A Comeback
Source: m.photo / Shutterstock.com
Airline stocks continued to underperform in 2023 and failed to recover from the ravages of the Covid-19 pandemic. As 2023 comes to a close, the share price of American Airlines (NASDAQ:AAL) is up only 2% on the year versus a 20% gain in the benchmark S&P 500 index. However, this could change in the new year as air travel moves ahead of pre-pandemic 2019 levels and amid a wave of consolidation among smaller carriers in the industry.
Heading into the recent Thanksgiving holiday weekend, airlines in the U.S. were preparing for a record number of travelers. The Transportation Security Administration (TSA) anticipated the busiest ever Thanksgiving travel weekend with more than 30 million people passing through U.S. airports. Even before Thanksgiving, 2023 proved to be the busiest year on record for air travel. Seven of the 10 busiest days in U.S. air travel history occurred in the last six months. That bodes well for airlines that are still recovering from the pandemic when they lost a combined $168 billion.
Small-Cap Stocks Finally Recover
Source: iQoncept / Shutterstock
It’s been a tough slog for small-cap stocks. Smaller capitalized stocks have trailed large caps for about a decade now, and that underperformance continued in 2023. The Russell 2000 index has gained 6% over the last year, less than a third of the 20% gain seen in the S&P 500 index. The lack of a meaningful recovery in small-caps has frustrated many analysts, with some saying it is a sign that the market is not healthy and overly concentrated in only a handful of stocks.
The good news is that there are tentative signs that a recovery in small-cap stocks might be underway. As the broader market pulled back to start December, professional traders were buying small-cap stocks. On Dec. 4, the Russell 2000 outperformed the Nasdaq Composite index by more than 1 percentage point for the second consecutive trading day, the first time that has happened in more than six months. Also, while the Russell 2000 is up 6% on the year, it has risen 12% since the end of October, indicating that momentum is building. The year ahead could finally see a turning point for small-caps.
The S&P 500 Hits A New All-Time High
Source: Pavel Ignatov / Shutterstock
The S&P 500 is currently 5% below the all-time high of 4,796.56 that it reached on Jan. 3, 2022. Could it rise another 5% over the next year to reach a new all-time high? It’s not out of the realm of possibility, especially as several bullish catalysts form in the market. Right now, bond yields are falling, interest rates look to have peaked, and the economy remains strong. All of this bodes well for the stock market moving higher throughout 2024.
If we do indeed get a “soft landing” and manage to tame inflation without tipping the economy into a recession, then the market can be reasonably expected to rally higher in the next year. While their predictions differ, most analysts agree that equities are likely to rise sharply once the Fed does begin to cut interest rates and move them lower. Should bond yields continue to decline, it will serve as a huge catalyst for stocks. While nobody can predict the future, the current signs point to a bull run in 2024.
On the date of publication, Joel Baglole held long positions in AAPL, MSFT and NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post 7 Bold Stock Predictions for the Year Ahead appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As 2023 comes to a close, the share price of American Airlines (NASDAQ:AAL) is up only 2% on the year versus a 20% gain in the benchmark S&P 500 index. And although markets continue to try and call Fed Chair Jerome Powell’s bluff, he remains adamant in his public remarks that the battle against inflation isn’t over. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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As 2023 comes to a close, the share price of American Airlines (NASDAQ:AAL) is up only 2% on the year versus a 20% gain in the benchmark S&P 500 index. Stock Predictions for 2024: Gold Prices Continue To Rise Source: Misunseo / Shutterstock.com The price of gold just hit an intraday all-time high of $2,110.80. Stock Predictions for 2024: Nvidia’s Stock Doubles (Again) Source: Evolf / Shutterstock.com Nvidia’s (NASDAQ:NVDA) stock tripled in 2023 and has been one of the best-performing securities in the benchmark S&P 500 index.
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As 2023 comes to a close, the share price of American Airlines (NASDAQ:AAL) is up only 2% on the year versus a 20% gain in the benchmark S&P 500 index. InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s the end of the year, which means that it’s time to dust off the crystal ball and look at some top stock predictions for 2024. Stock Predictions for 2024: Nvidia’s Stock Doubles (Again) Source: Evolf / Shutterstock.com Nvidia’s (NASDAQ:NVDA) stock tripled in 2023 and has been one of the best-performing securities in the benchmark S&P 500 index.
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As 2023 comes to a close, the share price of American Airlines (NASDAQ:AAL) is up only 2% on the year versus a 20% gain in the benchmark S&P 500 index. InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s the end of the year, which means that it’s time to dust off the crystal ball and look at some top stock predictions for 2024. Stock Predictions for 2024: Nvidia’s Stock Doubles (Again) Source: Evolf / Shutterstock.com Nvidia’s (NASDAQ:NVDA) stock tripled in 2023 and has been one of the best-performing securities in the benchmark S&P 500 index.
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2069.0
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2023-12-07 00:00:00 UTC
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India, De Beers seek clarity, flexibility on G7's Russian diamond ban
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https://www.nasdaq.com/articles/india-de-beers-seek-clarity-flexibility-on-g7s-russian-diamond-ban
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By Rajendra Jadhav, Polina Devitt and Clara Denina
MUMBAI/LONDON, Dec 7 (Reuters) - India, home to 90% of the world's diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in implementing a ban on imports of Russian gems.
The Group of Seven countries on Wednesday announced a direct ban on Russian diamonds starting Jan. 1 followed by phased-in restrictions on indirect imports of Russian gems from around March 1. Russia is the world's biggest producer of rough diamonds by volume with a 30% share of the market.
The implementation will depend heavily on India, which wants to minimise potential disruptions for small diamond firms employing millions of people.
"We are not happy with the announced timeline for implementation of restrictions," said Vipul Shah, chairman of the Gem Jewellery Export Promotion Council (GJEPC), a leading Indian trade body.
"Recognising the diversity of our industry, we believe there should be more flexibility in these timelines," he said in a statement.
The G7's plan has sparked a debate inside the sector as it risks complicating supply chains when demand is under pressure. India's April-October polished diamond exports are down 29% to $10 billion.
"The G7 is essentially saying it is still a work in progress but here is a framework with a timeline," diamond analyst Paul Zimnisky said.
But "if Indian companies want to continue doing business with the G7 nations, then they are going to have to do their part," he added.
The G7 plans to introduce a traceability-based verification for rough diamonds by September, but for now two main questions of the plan remain unsolved: how a diamond's country of origin should be checked and where it should be done.
Belgium supports the idea of checks in Antwerp, the world's main diamond hub. Some in the industry are concerned that this would create supply chain bottlenecks, additional costs and hamper African production's access to the G7 markets.
"It is currently unclear what exactly will be involved at each stage, so we will seek further clarification before being able to consider impacts," De Beers, a unit of Anglo American AAL.L, said.
"If the intent is to apply a purely technological certification system and to channel all rough imports to the G7 through Belgium, this will be to the detriment of responsible African producers, to all those who depend on the artisanal mining sector, and to the wider industry," De Beers added.
Russian state-controlled diamond producer Alrosa ALRS.MM declined to comment.
(Reporting by Rajendra Jadhav in Mumbai and Polina Devitt and Clara Denina in London; Editing by Toby Chopra and Emelia Sithole-Matarise)
((rajendra.jadhav@thomsonreuters.com; +91-22-68414378 ; Reuters Messaging: rajendra.jadhav.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"It is currently unclear what exactly will be involved at each stage, so we will seek further clarification before being able to consider impacts," De Beers, a unit of Anglo American AAL.L, said. The implementation will depend heavily on India, which wants to minimise potential disruptions for small diamond firms employing millions of people. "We are not happy with the announced timeline for implementation of restrictions," said Vipul Shah, chairman of the Gem Jewellery Export Promotion Council (GJEPC), a leading Indian trade body.
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"It is currently unclear what exactly will be involved at each stage, so we will seek further clarification before being able to consider impacts," De Beers, a unit of Anglo American AAL.L, said. By Rajendra Jadhav, Polina Devitt and Clara Denina MUMBAI/LONDON, Dec 7 (Reuters) - India, home to 90% of the world's diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in implementing a ban on imports of Russian gems. "If the intent is to apply a purely technological certification system and to channel all rough imports to the G7 through Belgium, this will be to the detriment of responsible African producers, to all those who depend on the artisanal mining sector, and to the wider industry," De Beers added.
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"It is currently unclear what exactly will be involved at each stage, so we will seek further clarification before being able to consider impacts," De Beers, a unit of Anglo American AAL.L, said. By Rajendra Jadhav, Polina Devitt and Clara Denina MUMBAI/LONDON, Dec 7 (Reuters) - India, home to 90% of the world's diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in implementing a ban on imports of Russian gems. The G7 plans to introduce a traceability-based verification for rough diamonds by September, but for now two main questions of the plan remain unsolved: how a diamond's country of origin should be checked and where it should be done.
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"It is currently unclear what exactly will be involved at each stage, so we will seek further clarification before being able to consider impacts," De Beers, a unit of Anglo American AAL.L, said. By Rajendra Jadhav, Polina Devitt and Clara Denina MUMBAI/LONDON, Dec 7 (Reuters) - India, home to 90% of the world's diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in implementing a ban on imports of Russian gems. The Group of Seven countries on Wednesday announced a direct ban on Russian diamonds starting Jan. 1 followed by phased-in restrictions on indirect imports of Russian gems from around March 1.
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2070.0
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2023-12-07 00:00:00 UTC
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US Airlines Make Hay in Yesterday's Trading: Here's Why
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https://www.nasdaq.com/articles/us-airlines-make-hay-in-yesterdays-trading%3A-heres-why
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Wednesday, Dec 6, saw U.S. airline stocks perform exceedingly well on the bourses. Shares of industrial heavyweights like Delta Air Lines DAL, American Airlines AAL and United Airlines UAL gained 3.54%, 2.67% and 3.38%, respectively, on Dec 6 over Dec 5’s closing. Consequently, the NYSE ARCA Airline Index appreciated 2.19% at the close of trading on Dec 6.
All of the above-mentioned companies currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
What Led to the Northward Price Movement?
The catalyst behind the impressive performance on the bourses was the bullish commentary of Delta’s management at the Morgan Stanley Global Consumer & Retail Conference. After a record-breaking performance during the Thanksgiving holiday period, management expects another rosy performance in terms of traffic during Christmas, thereby ending the year on a strong note.
We remind investors that more than 5.3 million customers availed of DAL flights between Nov 17 and Nov 26. DAL operated more than 43,000 flights systemwide during this period to meet the buoyant air travel demand witnessed during the Thanksgiving holiday period.
At the investor event, management also sounded optimistic about international air travel in 2024 and stated that its performance with respect to Trans-Atlantic travel had been particularly strong in the current year, leading to a significant increase in capacity to meet the buoyant demand scenario. Management expects the strong Trans-Atlantic performance to continue next year, as advanced bookings remain strong and are anticipated to pick up as we approach March.
Highlighting that air travel demand has held up well over the past few weeks, DAL maintained the fourth-quarter and 2023 outlook that it provided in October with its third-quarter results. Fourth-quarter earnings are expected to be $1.05-$1.30 per share. The Zacks Consensus Estimate for the same is pegged at $1.15 per share.
The adjusted operating margin in the December quarter is expected to be 9-11%. Management projects fourth-quarter total revenues (adjusted) to increase 9-12% on a year-over-year basis. DAL continues to anticipate adjusted earnings of $6.00-$6.25 per share for 2023. The Zacks Consensus Estimate for the same is pegged at $6.10 per share. For 2023, the adjusted operating margin is expected to be 11.5%. Management projects full-year total revenues (adjusted) to increase 20% on a year-over-year basis.
Airlines Regain Mojo Ahead of Year-end
The record traffic during the Thanksgiving period has provided the much-needed boost to airline stocks after a tough few months due to headwinds like high labor and fuel costs, and a slowdown in domestic air travel demand. We note that airline stocks have been performing well of late and the uptick on Dec 6 was part of that uptrend.
Over the past month, stocks in the Zacks Airline industry have gained 11.5%, handily outperforming the S&P 500’s 3.9% appreciation.
Image Source: Zacks Investment Research
Similar to DAL, American Airlines and United Airlines have attracted huge traffic in the Thanksgiving travel period. AAL flights attracted 6.5 million customers over the Thanksgiving holiday, thereby establishing a record for the airline, with Nov 26 being its busiest day. UAL flights, too, were packed, with a record 3.2 million passengers flying between Nov 17 and Nov 23.
The upbeat air-traffic scenario apart, the decline in oil price from the 2023 highs reached in late September bodes well for airlines. This is because expenses on fuel represent significant input costs for airlines.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAL flights attracted 6.5 million customers over the Thanksgiving holiday, thereby establishing a record for the airline, with Nov 26 being its busiest day. Shares of industrial heavyweights like Delta Air Lines DAL, American Airlines AAL and United Airlines UAL gained 3.54%, 2.67% and 3.38%, respectively, on Dec 6 over Dec 5’s closing. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Shares of industrial heavyweights like Delta Air Lines DAL, American Airlines AAL and United Airlines UAL gained 3.54%, 2.67% and 3.38%, respectively, on Dec 6 over Dec 5’s closing. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL flights attracted 6.5 million customers over the Thanksgiving holiday, thereby establishing a record for the airline, with Nov 26 being its busiest day.
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Shares of industrial heavyweights like Delta Air Lines DAL, American Airlines AAL and United Airlines UAL gained 3.54%, 2.67% and 3.38%, respectively, on Dec 6 over Dec 5’s closing. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL flights attracted 6.5 million customers over the Thanksgiving holiday, thereby establishing a record for the airline, with Nov 26 being its busiest day.
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Shares of industrial heavyweights like Delta Air Lines DAL, American Airlines AAL and United Airlines UAL gained 3.54%, 2.67% and 3.38%, respectively, on Dec 6 over Dec 5’s closing. AAL flights attracted 6.5 million customers over the Thanksgiving holiday, thereby establishing a record for the airline, with Nov 26 being its busiest day. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2071.0
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2023-12-07 00:00:00 UTC
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EXCLUSIVE-Anglo American preps sweeping cost cuts as price rout bites - sources
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AAL
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https://www.nasdaq.com/articles/exclusive-anglo-american-preps-sweeping-cost-cuts-as-price-rout-bites-sources
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nan
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nan
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By Felix Njini and Clara Denina
JOHANNESBURG/LONDON, Dec 7 (Reuters) - Anglo American AAL.L is preparing to freeze spending on growth and widen job cuts in South Africa, going far beyond its initial savings target and paving the way to mothballing some higher-cost platinum mines, sources familiar with the matter said.
Anglo's sweeping spending cuts could be announced as soon as Friday, when the miner updates investors on its three-year outlook, five sources said.
The sources said measures include shelving an ambitious plan to boost output at Anglo American Platinum AMSJ.J's key Mogalakwena mine, and, if metals prices remain depressed, place on care and maintenance some shafts at the Amandelbult complex in the longer term, which had been initially targeted for mechanization and output expansion.
A concentrator plant at Amandelbult could also be placed on care and maintenance, one of the sources said.
The moves are likely to result in further job cuts at the operations and lower output guidance, the sources added.
The global miner had initially targeted saving $500 million by cutting corporate jobs and some costs at head offices in Johannesburg, London and other locations.
Scaling down on spending could save an additional $1 billion by end of 2024, with most expected from its platinum operations, one of the sources said, as the company becomes the latest to feel the impact of a price rout ripping through the world's top platinum producer South Africa.
Anglo American declined to comment.
South Africa's platinum mining output has been declining gradually over the past decades as investors balk at investing in new mines amid threats to the metal's future demand from a rapidly growing battery electric vehicle sector.
Platinum, palladium and rhodium are used in devices that curb exhaust emissions from diesel and petrol engines.
A rapid and precipitous plunge in palladium and rhodium has already forced other South African producers including Sibanye Stillwater SSWJ.J and Impala PlatinumIMPJ.J to swiftly move to cut jobs in a bid to preserve margins.
Anglo is also expected to cut jobs and costs at its other South African unit - Kumba Iron Ore KIOJ.J, where stockpiles have grown to 9 million tons by September on worsening rail bottlenecks.
Anglo Platinum is expected by a group of 11 analysts to account for 12% of the group's net earnings at $1.3 billion this year, down from 30% or $4.4 billion in 2022.
The plans come as Anglo Chief Executive Duncan Wanblad seeks to develop a $9 billion Woodsmith fertilizer project in Britain, on which the company announced a $1.7 billion writedown in February.
"Higher-cost assets have been under pressure for some now, particularly at older, labour-intensive mines (...Amandelbult). As the industry transitions to newer, mechanized mines (Mogalakwena...), older, higher cost mines will be rationalized," said BofA Securities analysts.
Palladium prices XPD= have plunged to a five-year low while rhodium, which soared to record highs of almost $30,000 an ounce in 2021, has since fallen to about $4,400 an ounce. Platinum prices XPT= have fallen 16% this year.
STALLING GROWTH
The sector's cost-cutting measures, also taken by junior platinum miners, come as Africa's most industrialized economy grew just 0.3% in the first nine months of this year.
Platinum mines earned the country about 275 billion rand(about $14.6 billion) in export receipts last year, according to Minerals Council South Africa data. The mines, some of which are among the world's deepest, employ about 175,000 workers.
Some of those jobs are now evaporating.
Sibanye, the biggest mining employer in South Africa, in October said it plans to cut about 4,000 jobs and close some shafts. Rival Impala has a voluntary job cut process up to the end of the year, a spokesperson said.
"If the numbers are low then we may need to do more capital rationalization. More cost savings could include deeper labour initiatives like consulting with the unions (on section 189 process) or extending the voluntary separation process," the spokesperson said.
The sector's woes may get even worse as EVs penetration increases in coming years.
"There will be significant demand destruction for PGMs, especially palladium and rhodium, though limited for platinum, starting 2028 due to battery electric vehicle penetration, and as PGMs demand for auto-catalysts decline," Citigroup analysts said.
(Reporting by Felix Njini and Clara Denina; Editing by Veronica Brown and David Evans)
((Clara.Denina@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Felix Njini and Clara Denina JOHANNESBURG/LONDON, Dec 7 (Reuters) - Anglo American AAL.L is preparing to freeze spending on growth and widen job cuts in South Africa, going far beyond its initial savings target and paving the way to mothballing some higher-cost platinum mines, sources familiar with the matter said. A rapid and precipitous plunge in palladium and rhodium has already forced other South African producers including Sibanye Stillwater SSWJ.J and Impala PlatinumIMPJ.J to swiftly move to cut jobs in a bid to preserve margins. Anglo is also expected to cut jobs and costs at its other South African unit - Kumba Iron Ore KIOJ.J, where stockpiles have grown to 9 million tons by September on worsening rail bottlenecks.
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By Felix Njini and Clara Denina JOHANNESBURG/LONDON, Dec 7 (Reuters) - Anglo American AAL.L is preparing to freeze spending on growth and widen job cuts in South Africa, going far beyond its initial savings target and paving the way to mothballing some higher-cost platinum mines, sources familiar with the matter said. The sources said measures include shelving an ambitious plan to boost output at Anglo American Platinum AMSJ.J's key Mogalakwena mine, and, if metals prices remain depressed, place on care and maintenance some shafts at the Amandelbult complex in the longer term, which had been initially targeted for mechanization and output expansion. A rapid and precipitous plunge in palladium and rhodium has already forced other South African producers including Sibanye Stillwater SSWJ.J and Impala PlatinumIMPJ.J to swiftly move to cut jobs in a bid to preserve margins.
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By Felix Njini and Clara Denina JOHANNESBURG/LONDON, Dec 7 (Reuters) - Anglo American AAL.L is preparing to freeze spending on growth and widen job cuts in South Africa, going far beyond its initial savings target and paving the way to mothballing some higher-cost platinum mines, sources familiar with the matter said. The sources said measures include shelving an ambitious plan to boost output at Anglo American Platinum AMSJ.J's key Mogalakwena mine, and, if metals prices remain depressed, place on care and maintenance some shafts at the Amandelbult complex in the longer term, which had been initially targeted for mechanization and output expansion. Scaling down on spending could save an additional $1 billion by end of 2024, with most expected from its platinum operations, one of the sources said, as the company becomes the latest to feel the impact of a price rout ripping through the world's top platinum producer South Africa.
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By Felix Njini and Clara Denina JOHANNESBURG/LONDON, Dec 7 (Reuters) - Anglo American AAL.L is preparing to freeze spending on growth and widen job cuts in South Africa, going far beyond its initial savings target and paving the way to mothballing some higher-cost platinum mines, sources familiar with the matter said. The sources said measures include shelving an ambitious plan to boost output at Anglo American Platinum AMSJ.J's key Mogalakwena mine, and, if metals prices remain depressed, place on care and maintenance some shafts at the Amandelbult complex in the longer term, which had been initially targeted for mechanization and output expansion. A rapid and precipitous plunge in palladium and rhodium has already forced other South African producers including Sibanye Stillwater SSWJ.J and Impala PlatinumIMPJ.J to swiftly move to cut jobs in a bid to preserve margins.
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2072.0
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2023-12-06 00:00:00 UTC
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ANALYSIS-US airlines' plans for growth constrained by antitrust concerns
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AAL
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https://www.nasdaq.com/articles/analysis-us-airlines-plans-for-growth-constrained-by-antitrust-concerns
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nan
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nan
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By Rajesh Kumar Singh
CHICAGO, Dec 6 (Reuters) - Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions - which then puts them in the crosshairs of anti-trust regulators.
Alaska Airlines ALK.N surprised analysts and industry officials with its plan to buy Hawaiian AirlinesHA.O for $1.9 billion even before a judge rules on the U.S. Department of Justice's (DOJ) lawsuit aimed at blocking JetBlue's JBLU.O proposed merger with Spirit Airlines SAVE.N.
But supply and labor constraints are so onerous that airlines like Alaska will likely keep chasing deals despite the Biden administration's aversion to more consolidation. Currently, American Airlines AAL.O, United, Delta and Southwest Airlines LUV.N control 80% of the domestic market, leaving little room for growth.
The deal will provide Alaska - primarily a domestic carrier that flies narrowbody planes - Hawaiian's widebody jets, pilots and international networks, opening a runway for growth in long-haul international markets.
In an interview, Alaska CEO Ben Minicucci said it was the right time to do the deal, which he described as "a great investment, a great step change" for the company.
Alaska told analysts on Sunday that pursuing long-haul international flying on its own would be much more expensive and much more difficult.
Courtney Miller, a consultant who advocated for the merger between the two airlines back in 2019, said Alaska would probably have to invest around the same amount it is paying for Hawaiian to launch its own smaller international operation.
Getting into long-haul international flying by using Hawaiian's fleet of wide-body jets and international networks is a better option, he said.
With both Boeing BA.N and Airbus AIR.PA facing supply-chain problems, the deal allows Alaska to avoid a prolonged wait for new planes. It also reduces the need to hire and train pilots during an industry-wide staffing crunch and saves the company from fighting for slots at international airports.
"The risk is much lower," said Miller, who now runs consultancy firm Visual Approach Analytics.
Mergers and acquisitions create economies of scale that helps offset soaring operating costs. Alaska, however, will be challenged on this front as it integrates Hawaiian's fleet, said Schonland.
While the Seattle-based airline flies Boeing's 737 planes, Hawaiian's fleet has a number of Airbus jets, so a combined company would have to rely on different parts and mechanics for repairs. Minicucci said while the combined company will continue to operate a mixed fleet for now, he did not rule out reviewing the plane mix.
Legacy airlines like Delta DAL.N and United UAL.O have been able to mitigate inflationary pressures due to strong bookings for flights to Europe and Asia. But softening domestic travel demand has hurt earnings of domestic carriers including Alaska.
Similar growth concerns prompted JetBlue to launch a hostile bid for Spirit last year to try to expand JetBlue's domestic footprint and help it capitalize on the surge in leisure travel between the U.S. East Coast and the Caribbean.
The deals, however, face challenges in convincing anti-trust regulators that they are pro-competition and pro-consumer.
Former Federal Trade Commission Chairman William Kovacic, who now teaches at George Washington University law school, said the DOJ is likely to look at Alaska's transaction carefully.
"They approach airlines with a view that merger policy has been too permissive and allowed excessive concentration," he said.
(Reporting by Rajesh Kumar Singh, Editing by Nick Zieminski)
((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Currently, American Airlines AAL.O, United, Delta and Southwest Airlines LUV.N control 80% of the domestic market, leaving little room for growth. By Rajesh Kumar Singh CHICAGO, Dec 6 (Reuters) - Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions - which then puts them in the crosshairs of anti-trust regulators. While the Seattle-based airline flies Boeing's 737 planes, Hawaiian's fleet has a number of Airbus jets, so a combined company would have to rely on different parts and mechanics for repairs.
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Currently, American Airlines AAL.O, United, Delta and Southwest Airlines LUV.N control 80% of the domestic market, leaving little room for growth. The deal will provide Alaska - primarily a domestic carrier that flies narrowbody planes - Hawaiian's widebody jets, pilots and international networks, opening a runway for growth in long-haul international markets. Getting into long-haul international flying by using Hawaiian's fleet of wide-body jets and international networks is a better option, he said.
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Currently, American Airlines AAL.O, United, Delta and Southwest Airlines LUV.N control 80% of the domestic market, leaving little room for growth. Alaska Airlines ALK.N surprised analysts and industry officials with its plan to buy Hawaiian AirlinesHA.O for $1.9 billion even before a judge rules on the U.S. Department of Justice's (DOJ) lawsuit aimed at blocking JetBlue's JBLU.O proposed merger with Spirit Airlines SAVE.N. The deal will provide Alaska - primarily a domestic carrier that flies narrowbody planes - Hawaiian's widebody jets, pilots and international networks, opening a runway for growth in long-haul international markets.
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Currently, American Airlines AAL.O, United, Delta and Southwest Airlines LUV.N control 80% of the domestic market, leaving little room for growth. The deal will provide Alaska - primarily a domestic carrier that flies narrowbody planes - Hawaiian's widebody jets, pilots and international networks, opening a runway for growth in long-haul international markets. Getting into long-haul international flying by using Hawaiian's fleet of wide-body jets and international networks is a better option, he said.
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2073.0
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2023-12-05 00:00:00 UTC
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American Airlines (AAL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-sees-a-more-significant-dip-than-broader-market%3A-some-facts-to-know
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nan
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nan
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American Airlines (AAL) closed the latest trading day at $13.13, indicating a -1.65% change from the previous session's end. This change lagged the S&P 500's 0.06% loss on the day. Elsewhere, the Dow saw a downswing of 0.22%, while the tech-heavy Nasdaq appreciated by 0.31%.
The the stock of world's largest airline has risen by 14.49% in the past month, leading the Transportation sector's gain of 8.42% and the S&P 500's gain of 5.1%.
Investors will be eagerly watching for the performance of American Airlines in its upcoming earnings disclosure. On that day, American Airlines is projected to report earnings of $0.01 per share, which would represent a year-over-year decline of 99.15%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.02 billion, down 1.29% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.39 per share and a revenue of $52.76 billion, demonstrating changes of +378% and +7.73%, respectively, from the preceding year.
Any recent changes to analyst estimates for American Airlines should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, American Airlines possesses a Zacks Rank of #3 (Hold).
Looking at valuation, American Airlines is presently trading at a Forward P/E ratio of 5.58. This denotes a discount relative to the industry's average Forward P/E of 6.46.
It is also worth noting that AAL currently has a PEG ratio of 0.1. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Transportation - Airline industry had an average PEG ratio of 0.29.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 196, positioning it in the bottom 23% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) closed the latest trading day at $13.13, indicating a -1.65% change from the previous session's end. It is also worth noting that AAL currently has a PEG ratio of 0.1. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) closed the latest trading day at $13.13, indicating a -1.65% change from the previous session's end. It is also worth noting that AAL currently has a PEG ratio of 0.1.
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American Airlines (AAL) closed the latest trading day at $13.13, indicating a -1.65% change from the previous session's end. It is also worth noting that AAL currently has a PEG ratio of 0.1. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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American Airlines (AAL) closed the latest trading day at $13.13, indicating a -1.65% change from the previous session's end. It is also worth noting that AAL currently has a PEG ratio of 0.1. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2074.0
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2023-12-05 00:00:00 UTC
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Trial over JetBlue's Spirit merger ends with US judge mulling options
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AAL
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https://www.nasdaq.com/articles/trial-over-jetblues-spirit-merger-ends-with-us-judge-mulling-options
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nan
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nan
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By Nate Raymond
BOSTON, Dec 5 (Reuters) - A federal judge considering the U.S. Justice Department's bid to block JetBlue Airways' proposed $3.8 billion acquisition of Spirit Airlines raised the possibility on Tuesday of letting the deal proceed if JetBlue divests more assets as the antitrust trial wrapped up.
U.S. District Judge William Young told a JetBlue lawyer that he expected airline fares would rise if no-frills, ultra-low-cost Spirit no longer was around to "undercut everyone else" and drive down prices.
But the judge, who will decide the case in the non-jury trial in Boston, told both sides that he was having "trouble" with the Justice Department's request for a permanent injunction blocking a deal in a "dynamic industry facing unique opportunities and challenges in the post-COVID environment."
Young raised the prospect of further divestitures by JetBlue, which has already agreed to sell-off gates and slots at airports in New York City, Boston, Newark, New Jersey and Fort Lauderdale, Florida, to try to address U.S. regulators' concerns.
Lawyers for both sides delivered closing arguments in a trial that began on Oct. 31. The Justice Department, six U.S. states and the District of Columbia sued in March to challenge the merger as unlawfully harmful to competition in the airline industry.
Young said he had "seen cases where a court has decided the divestitures were close but not sufficient and then has proceeded to say this would pass muster if there were this divestiture or that divestiture."
Stressing his questions were not meant to signal how he would rule, Young asked Justice Department attorney Edward Duffy if he should do something similar if he concludes "what I have before me is insufficient and warrants some restraint" but that "with some more divestitures it might work."
Duffy responded that "there does not seem to be a remedy other than a full-stop injunction that would restore competition."
But JetBlue attorney Ryan Shores said it was within Young's power to craft such an order.
The case is part of an effort by President Joe Biden's administration to preserve competition among the lowest cost airlines and step up antitrust enforcement in various industries, an initiative that has yielded mixedresults in court.
Shores in his closing argument told the judge that the proposed merger was pro-consumer and was critical to allowing JetBlue to become a "viable, disruptive national challenge to the industry's dominant airlines."
The four largest U.S. carriers - United Airlines UAL.O, American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N - control 80% of the domestic market. JetBlue and Spirit combined control about 8%, according to their lawyers.
Shores said that unlike the largest airlines that are flourishing in the aftermath of the COVID-19 pandemic industry disruptions, lower-cost companies like JetBlue and Spirit have faced significant financial headwinds that would stifle their ability to meaningfully challenge the biggest airlines on their own.
Duffy said allowing JetBlue's, the sixth-largest U.S. airline, and Spirit, the seventh-largest, to merge would result in higher prices and fewer flights once lower-cost Spirit was no longer competing. JetBlue itself expects to raise fares 30%, Duffy said.
"This transaction is a bad deal for consumers," Duffy said. "It risks reduction in competition."
FOCUS-Travel boom not enough to drive profits at US budget airlines Frontier, Spirit
U.S. rejects JetBlue, Spirit exemption request, citing lawsuit
US seeks to block JetBlue's Spirit Airlines deal at trial
JetBlue CEO at trial calls Spirit merger key to taking on larger airlines
(Reporting by Nate Raymond in Boston; Editing by Will DUnhma, Mark Porter and Alexia Garamfalvi)
((Nate.Raymond@thomsonreuters.com and Twitter @nateraymond; 347-243-6917))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The four largest U.S. carriers - United Airlines UAL.O, American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N - control 80% of the domestic market. But the judge, who will decide the case in the non-jury trial in Boston, told both sides that he was having "trouble" with the Justice Department's request for a permanent injunction blocking a deal in a "dynamic industry facing unique opportunities and challenges in the post-COVID environment." Young raised the prospect of further divestitures by JetBlue, which has already agreed to sell-off gates and slots at airports in New York City, Boston, Newark, New Jersey and Fort Lauderdale, Florida, to try to address U.S. regulators' concerns.
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The four largest U.S. carriers - United Airlines UAL.O, American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N - control 80% of the domestic market. By Nate Raymond BOSTON, Dec 5 (Reuters) - A federal judge considering the U.S. Justice Department's bid to block JetBlue Airways' proposed $3.8 billion acquisition of Spirit Airlines raised the possibility on Tuesday of letting the deal proceed if JetBlue divests more assets as the antitrust trial wrapped up. U.S. District Judge William Young told a JetBlue lawyer that he expected airline fares would rise if no-frills, ultra-low-cost Spirit no longer was around to "undercut everyone else" and drive down prices.
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The four largest U.S. carriers - United Airlines UAL.O, American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N - control 80% of the domestic market. By Nate Raymond BOSTON, Dec 5 (Reuters) - A federal judge considering the U.S. Justice Department's bid to block JetBlue Airways' proposed $3.8 billion acquisition of Spirit Airlines raised the possibility on Tuesday of letting the deal proceed if JetBlue divests more assets as the antitrust trial wrapped up. Shores said that unlike the largest airlines that are flourishing in the aftermath of the COVID-19 pandemic industry disruptions, lower-cost companies like JetBlue and Spirit have faced significant financial headwinds that would stifle their ability to meaningfully challenge the biggest airlines on their own.
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The four largest U.S. carriers - United Airlines UAL.O, American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N - control 80% of the domestic market. U.S. District Judge William Young told a JetBlue lawyer that he expected airline fares would rise if no-frills, ultra-low-cost Spirit no longer was around to "undercut everyone else" and drive down prices. But the judge, who will decide the case in the non-jury trial in Boston, told both sides that he was having "trouble" with the Justice Department's request for a permanent injunction blocking a deal in a "dynamic industry facing unique opportunities and challenges in the post-COVID environment."
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2075.0
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2023-12-05 00:00:00 UTC
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JetBlue, at trial's end, urges judge to allow Spirit Airlines merger
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AAL
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https://www.nasdaq.com/articles/jetblue-at-trials-end-urges-judge-to-allow-spirit-airlines-merger
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nan
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nan
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BOSTON, Dec 5 (Reuters) - A lawyer for JetBlue Airways JBLU.O on Tuesday urged a federal judge to allow it to proceed with its planned $3.8 billion acquisition of Spirit AirlinesSAVE.N and reject the U.S. Department of Justice's (DOJ) bid to block the deal.
JetBlue attorney Ryan Shores at the end of a closely watched trial in federal court in Boston argued that the proposed merger was pro-consumer and key to creating a "viable, disruptive national challenge to the industry’s dominant airlines.”
The DOJ has sought to block the merger, arguing that it would diminish competition by removing ultra-low-cost, no-frills Spirit from a market where it has acted as a disruptor, thereby causing fares to increase and flights to decrease.
But Shores said that unlike the largest airlines that are flourishing in the aftermath of the COVID-19 pandemic, lower-cost companies like JetBlue and Spirit have faced significant financial headwinds that would stifle their ability to meaningfully challenge the biggest airlines on their own.
"Future growth for the smaller, disruptive airlines is not possible without profit," he told U.S. District Judge William Young in his closing argument. "Meanwhile, the legacy airlines will continue to pull away."
The DOJ, along with Democratic state attorneys general from six states and the District of Columbia, sued in March to block the merger, which would combine the sixth- and seventh-largest U.S. airlines.
JetBlue has sought to ease U.S. regulators' antitrust concerns by agreeing to sell off Spirit's gates and slots at certain airports in New York City, Boston, Newark and Fort Lauderdale.
But the DOJ has said that those divestitures are not enough, and that if JetBlue takes over Spirit, passengers would suffer roughly $1 billion in net harm annually as fares increase and flight options decrease.
Young at a hearing in March said he felt an "obligation" to try to rule by year's end.
FOCUS-Travel boom not enough to drive profits at US budget airlines Frontier, Spirit
U.S. rejects JetBlue, Spirit exemption request, citing lawsuit
US seeks to block JetBlue's Spirit Airlines deal at trial
JetBlue CEO at trial calls Spirit merger key to taking on larger airlines
(Reporting by Nate Raymond in Boston; Editing by Mark Porter)
((Nate.Raymond@thomsonreuters.com and Twitter @nateraymond; 347-243-6917; Reuters Messaging: nate.raymond.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BOSTON, Dec 5 (Reuters) - A lawyer for JetBlue Airways JBLU.O on Tuesday urged a federal judge to allow it to proceed with its planned $3.8 billion acquisition of Spirit AirlinesSAVE.N and reject the U.S. Department of Justice's (DOJ) bid to block the deal. JetBlue has sought to ease U.S. regulators' antitrust concerns by agreeing to sell off Spirit's gates and slots at certain airports in New York City, Boston, Newark and Fort Lauderdale. But the DOJ has said that those divestitures are not enough, and that if JetBlue takes over Spirit, passengers would suffer roughly $1 billion in net harm annually as fares increase and flight options decrease.
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JetBlue attorney Ryan Shores at the end of a closely watched trial in federal court in Boston argued that the proposed merger was pro-consumer and key to creating a "viable, disruptive national challenge to the industry’s dominant airlines.” The DOJ has sought to block the merger, arguing that it would diminish competition by removing ultra-low-cost, no-frills Spirit from a market where it has acted as a disruptor, thereby causing fares to increase and flights to decrease. But the DOJ has said that those divestitures are not enough, and that if JetBlue takes over Spirit, passengers would suffer roughly $1 billion in net harm annually as fares increase and flight options decrease. FOCUS-Travel boom not enough to drive profits at US budget airlines Frontier, Spirit U.S. rejects JetBlue, Spirit exemption request, citing lawsuit US seeks to block JetBlue's Spirit Airlines deal at trial JetBlue CEO at trial calls Spirit merger key to taking on larger airlines (Reporting by Nate Raymond in Boston; Editing by Mark Porter) ((Nate.Raymond@thomsonreuters.com and Twitter @nateraymond; 347-243-6917; Reuters Messaging: nate.raymond.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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JetBlue attorney Ryan Shores at the end of a closely watched trial in federal court in Boston argued that the proposed merger was pro-consumer and key to creating a "viable, disruptive national challenge to the industry’s dominant airlines.” The DOJ has sought to block the merger, arguing that it would diminish competition by removing ultra-low-cost, no-frills Spirit from a market where it has acted as a disruptor, thereby causing fares to increase and flights to decrease. But Shores said that unlike the largest airlines that are flourishing in the aftermath of the COVID-19 pandemic, lower-cost companies like JetBlue and Spirit have faced significant financial headwinds that would stifle their ability to meaningfully challenge the biggest airlines on their own. FOCUS-Travel boom not enough to drive profits at US budget airlines Frontier, Spirit U.S. rejects JetBlue, Spirit exemption request, citing lawsuit US seeks to block JetBlue's Spirit Airlines deal at trial JetBlue CEO at trial calls Spirit merger key to taking on larger airlines (Reporting by Nate Raymond in Boston; Editing by Mark Porter) ((Nate.Raymond@thomsonreuters.com and Twitter @nateraymond; 347-243-6917; Reuters Messaging: nate.raymond.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BOSTON, Dec 5 (Reuters) - A lawyer for JetBlue Airways JBLU.O on Tuesday urged a federal judge to allow it to proceed with its planned $3.8 billion acquisition of Spirit AirlinesSAVE.N and reject the U.S. Department of Justice's (DOJ) bid to block the deal. JetBlue attorney Ryan Shores at the end of a closely watched trial in federal court in Boston argued that the proposed merger was pro-consumer and key to creating a "viable, disruptive national challenge to the industry’s dominant airlines.” The DOJ has sought to block the merger, arguing that it would diminish competition by removing ultra-low-cost, no-frills Spirit from a market where it has acted as a disruptor, thereby causing fares to increase and flights to decrease. But Shores said that unlike the largest airlines that are flourishing in the aftermath of the COVID-19 pandemic, lower-cost companies like JetBlue and Spirit have faced significant financial headwinds that would stifle their ability to meaningfully challenge the biggest airlines on their own.
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2076.0
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2023-12-03 00:00:00 UTC
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With 20% Gains This Month Is Alaska Air A Better Pick Than American Airlines Stock?
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AAL
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https://www.nasdaq.com/articles/with-20-gains-this-month-is-alaska-air-a-better-pick-than-american-airlines-stock
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nan
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nan
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Given its better prospects, we believe Alaska Air stock (NYSE: ALK) is a better pick than its peer, American Airlines stock (NASDAQ: AAL). AAL is trading at a lower valuation of 0.2x revenues than 0.5x for ALK. Investors have assigned a higher multiple to Alaska Air stock due to its better financial position, as discussed below. In the sections below, we discuss why we believe that ALK will offer better returns than AAL in the next three years. We compare a slew of factors, such as historical revenue growth, stock returns, and valuation, in an interactive dashboard analysis of American Airlines vs. Alaska Air: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
AAL stock has seen a decline of 20% from levels of $15 in early January 2021 to around $12 now. ALK stock has also seen a decline of 20% from levels of $50 in early January 2021 to around $40 now, vs. an increase of about 20% for the S&P 500 over this roughly 3-year period.
Notably, AAL stock has underperformed the broader market in each of the last 3 years. Returns for the stock were 14% in 2021, -29% in 2022, and -4% in 2023 (YTD), while returns for ALK stock were 0% in 2021, -18% in 2022, and -13% in 2023 (YTD). In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 19% in 2023 (YTD) – indicating that AAL underperformed the S&P in 2021, 2022, and 2023 and ALK underperformed the S&P in 2021 and 2023.
In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Industrials sector, including BA, UNP, and UPS, and even for the megacap stars GOOG, TSLA, and MSFT.
In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index, less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could AAL and ALK face a similar situation as they did in 2021 and 2023 and underperform the S&P over the next 12 months – or will they see a recovery? We expect a rebound in both stocks in the next three years, but ALK will likely fare better between the two.
1. American Airlines’ Revenue Growth Is Slightly Better
American Airlines’ revenue growth has been slightly better, with a 25% average annual growth rate in the last three years, compared to 23% for Alaska Air.
The rise in revenues for both airlines over the recent years can be attributed to a rebound in air travel demand, with passenger traffic and ticket yield rising meaningfully in recent years.
For perspective, American Airlines’ available seat miles (ASM) declined 25% between 2019 and 2021 but surged 21% y-o-y in 2022. Similarly, its passenger revenue per available seat mile (PRASM) fell 18% between 2019 and 2021 but rose 41% y-o-y in 2022.
In comparison, Alaska Air’s ASM declined 21% between 2019 and 2021 but surged 16% in 2022. Similarly, its PRASM fell 11% between 2019 and 2021 but rose 35% y-o-y in 2022.
Looking at the last twelve months, American Airlines’ 17% sales growth has fared better than 14% for Alaska Air.
The demand for air travel is expected to remain high in the near term, boding well for both stocks in the near future. However, the average ticket price has also cooled in the recent past while overall capacity has expanded.
For perspective, American Airlines’ revenue of $13.5 billion in Q3’23 was flat y-o-y. The company reported ASM growth of 7%, but the load factor declined 130 bps, and PRASM declined 6%. Similarly, Alaska Air’s revenue of $2.8 billion in Q3’23 was also flat y-o-y. Although the company reported a 14% rise in available seat miles, the load factor was down 190 bps, and yield declined 10%, weighing on its overall top-line growth.
Our American Airlines Revenue Comparison and Alaska Air Revenue Comparison dashboards provide more insight into the companies’ sales.
Looking forward, we expect Alaska Air to see better revenue growth than American Airlines.
2. American Airlines Is More Profitable
American Airlines’ operating margin slid from 7% in 2019 to -60% in 2020 before recovering to 3% in 2022. In comparison, Alaska Air’s operating margin plunged from 12% in 2019 to -50% in 2020 before recovering to 1% in 2022.
Looking at the last twelve-month period, American Airlines’ operating margin of 7% fares better than 1% for Alaska Air.
Earlier this year, American Airlines closed negotiations with pilots, agreeing to an increase in pay by 46% over the next four years and this will result in higher costs for the company.
Alaska Air’s margin metric is partly being weighed down by the costs associated with the retirement of its Airbus fleet. Looking forward, the company is likely to have a better margin profile with lower costs associated with pilot training.
Our American Airlines Operating Income Comparison and Alaska Air Operating Income Comparison dashboards have more details.
3. Alaska Air Is Comparatively A Less Risky Pick
Looking at financial risk, Alaska Air fares better. Its 140% debt as a percentage of equity is lower than 419% for American Airlines, while its 16% cash as a percentage of assets aligns with that for the latter, implying that Alaska Air has a comparatively better debt position and a similar cash cushion.
The high debt-to-equity figures for both airlines can be attributed to much higher debt levels compared to their market capitalizations ($8 billion for AAL and $5 billion for ALK).
American Airlines’ total debt increased from $24.3 billion in 2019 to $33.5 billion now, while its total cash increased from around $4.0 billion to $11.5 billion over the same period. However, the rise in cash balance is primarily due to additional debt raised, as heavy negative operating cash flows in 2020 of $6.5 billion almost completely wiped out positive operating cash flows in 2019, 2021, and 2022.
In comparison, Alaska Air’s total debt increased from $3.2 billion in 2019 to $4.1 billion now, while its cash increased from $1.5 billion to $2.5 billion over the same period. The rise in cash balance is partly due to additional debt raised, given the $4 billion negative operating cash flows in 2020.
4. The Net of It All
We see that American Airlines has seen superior revenue growth and is more profitable. On the other hand, Alaska Air has a better financial position.
Looking at prospects, using P/S as a base, due to high fluctuations in P/E and P/EBIT, we believe Alaska Air will likely offer better returns over the next three years, primarily due to its better-expected revenue growth.
If we compare the current valuation multiples to the historical averages, ALK fares better. American Airlines stock trades at 0.2x sales compared to its last five-year average of 0.4x, and Alaska Air stock trades at 0.5x revenues vs. the last five-year average of 1.1x.
Our American Airlines (AAL) Valuation Ratios Comparison and Alaska Air (ALK) Valuation Ratios Comparison have more details.
The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 5% for American Airlines and 45% return for Alaska Air over this period, based on Trefis Machine Learning analysis – American Airlines vs. Alaska Air – which also provides more details on how we arrive at these numbers.
While ALK may outperform AAL in the next three years, it is helpful to see how American Airlines’ Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Returns Nov 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
AAL Return 10% -4% -74%
ALK Return 19% -13% -58%
S&P 500 Return 9% 19% 103%
Trefis Reinforced Value Portfolio 8% 27% 553%
[1] Month-to-date and year-to-date as of 11/30/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could AAL and ALK face a similar situation as they did in 2021 and 2023 and underperform the S&P over the next 12 months – or will they see a recovery? Given its better prospects, we believe Alaska Air stock (NYSE: ALK) is a better pick than its peer, American Airlines stock (NASDAQ: AAL). AAL is trading at a lower valuation of 0.2x revenues than 0.5x for ALK.
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Our American Airlines (AAL) Valuation Ratios Comparison and Alaska Air (ALK) Valuation Ratios Comparison have more details. Given its better prospects, we believe Alaska Air stock (NYSE: ALK) is a better pick than its peer, American Airlines stock (NASDAQ: AAL). AAL is trading at a lower valuation of 0.2x revenues than 0.5x for ALK.
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Given its better prospects, we believe Alaska Air stock (NYSE: ALK) is a better pick than its peer, American Airlines stock (NASDAQ: AAL). AAL is trading at a lower valuation of 0.2x revenues than 0.5x for ALK. In the sections below, we discuss why we believe that ALK will offer better returns than AAL in the next three years.
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Given its better prospects, we believe Alaska Air stock (NYSE: ALK) is a better pick than its peer, American Airlines stock (NASDAQ: AAL). AAL is trading at a lower valuation of 0.2x revenues than 0.5x for ALK. In the sections below, we discuss why we believe that ALK will offer better returns than AAL in the next three years.
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2077.0
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2023-12-02 00:00:00 UTC
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AAL Quantitative Stock Analysis
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AAL
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https://www.nasdaq.com/articles/aal-quantitative-stock-analysis-2
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nan
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nan
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. This deep value model looks for inexpensive stocks that could be potential takeover targets.
AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry. The rating using this strategy is 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
QUALITY: PASS
ACQUIRER'S MULTIPLE FAIL
Detailed Analysis of AMERICAN AIRLINES GROUP INC
AAL Guru Analysis
AAL Fundamental Analysis
More Information on Tobias Carlisle
Tobias Carlisle Portfolio
About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing. He is the author of "The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market" and the founder of Acquirer's Funds. He is also the author of "Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations" and co-author of Quantitative Value: "A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors" Tobias is originally from Australia, where he worked an an analyst at an activist hedge fund and was a lawyer specializing in mergers and acquisitions.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing.
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Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing. Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing.
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2078.0
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2023-12-01 00:00:00 UTC
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Notable Friday Option Activity: DIS, TTWO, AAL
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AAL
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-dis-ttwo-aal
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Walt Disney Co. (Symbol: DIS), where a total of 82,756 contracts have traded so far, representing approximately 8.3 million underlying shares. That amounts to about 52.7% of DIS's average daily trading volume over the past month of 15.7 million shares. Especially high volume was seen for the $93 strike call option expiring December 01, 2023, with 5,240 contracts trading so far today, representing approximately 524,000 underlying shares of DIS. Below is a chart showing DIS's trailing twelve month trading history, with the $93 strike highlighted in orange:
Take-Two Interactive Software, Inc. (Symbol: TTWO) options are showing a volume of 10,612 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 52% of TTWO's average daily trading volume over the past month, of 2.0 million shares. Especially high volume was seen for the $160 strike call option expiring December 08, 2023, with 1,200 contracts trading so far today, representing approximately 120,000 underlying shares of TTWO. Below is a chart showing TTWO's trailing twelve month trading history, with the $160 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 162,947 contracts, representing approximately 16.3 million underlying shares or approximately 51% of AAL's average daily trading volume over the past month, of 31.9 million shares. Especially high volume was seen for the $5 strike put option expiring July 18, 2025, with 30,151 contracts trading so far today, representing approximately 3.0 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $5 strike highlighted in orange:
For the various different available expirations for DIS options, TTWO options, or AAL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Institutional Holders of PCY
CVS Price Target
CRBG Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $5 strike put option expiring July 18, 2025, with 30,151 contracts trading so far today, representing approximately 3.0 million underlying shares of AAL. Below is a chart showing TTWO's trailing twelve month trading history, with the $160 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 162,947 contracts, representing approximately 16.3 million underlying shares or approximately 51% of AAL's average daily trading volume over the past month, of 31.9 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $5 strike highlighted in orange: For the various different available expirations for DIS options, TTWO options, or AAL options, visit StockOptionsChannel.com.
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Below is a chart showing TTWO's trailing twelve month trading history, with the $160 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 162,947 contracts, representing approximately 16.3 million underlying shares or approximately 51% of AAL's average daily trading volume over the past month, of 31.9 million shares. Especially high volume was seen for the $5 strike put option expiring July 18, 2025, with 30,151 contracts trading so far today, representing approximately 3.0 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $5 strike highlighted in orange: For the various different available expirations for DIS options, TTWO options, or AAL options, visit StockOptionsChannel.com.
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Below is a chart showing TTWO's trailing twelve month trading history, with the $160 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 162,947 contracts, representing approximately 16.3 million underlying shares or approximately 51% of AAL's average daily trading volume over the past month, of 31.9 million shares. Especially high volume was seen for the $5 strike put option expiring July 18, 2025, with 30,151 contracts trading so far today, representing approximately 3.0 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $5 strike highlighted in orange: For the various different available expirations for DIS options, TTWO options, or AAL options, visit StockOptionsChannel.com.
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Below is a chart showing TTWO's trailing twelve month trading history, with the $160 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 162,947 contracts, representing approximately 16.3 million underlying shares or approximately 51% of AAL's average daily trading volume over the past month, of 31.9 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $5 strike highlighted in orange: For the various different available expirations for DIS options, TTWO options, or AAL options, visit StockOptionsChannel.com. Especially high volume was seen for the $5 strike put option expiring July 18, 2025, with 30,151 contracts trading so far today, representing approximately 3.0 million underlying shares of AAL.
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2079.0
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2023-12-01 00:00:00 UTC
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Miners lift European shares; investors await policy cues from Fed's Powell
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AAL
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https://www.nasdaq.com/articles/miners-lift-european-shares-investors-await-policy-cues-from-feds-powell
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nan
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nan
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By Ankika Biswas and Khushi Singh
Dec 1 (Reuters) - European shares gained on Friday on a strong boost from miners, while investors awaited policy comments from Federal Reserve Chair Jerome Powell after cooler-than-expected inflation prints bolstered bets of interest rate cuts.
The pan-European STOXX 600 .STOXX was up 0.7% at 0920 GMT, after logging its strongest monthly gain of 6.4% in November since the start of the year, also helped by a fall in eurozone bond yields.
It is now on course to log its third straight weekly gain, led by technology .SX8P and financial services shares .SXFP.
Miners .SXPP were the top sectoral gainers in early trading, rising 3.3% to a four-month high following higher metal prices on a softer dollar and supportive data from top consumer China.
Anglo American AAL.L topped the STOXX 600 with a 6.3% gain, while Antofagasta ANTO.L jumped 4.1% after UBS upgraded both the miners to "buy" from "neutral".
All eyes are now on comments from Fed's Powell later in the day for further clues on global policy outlook after data out of Europe and the United States on Thursday reflected a sustained drop in inflation.
"An overall weaker eurozone inflation print is some relief. Some point in the future investors are seeing some relief to eurozone via lower rates, and that pushes back against some of the stagflation fears that have been growing," said Giles Coghlan, chief market analyst at brokerage GCFX Ltd.
"I don't think we're out of the woods and the eurozone is very data dependent... this week is just in a little bit of relief in that narrative."
Goldman Sachs now expects the European Central Bank to deliver its first rate cut in the second quarter of 2024, compared to earlier forecast of third quarter of next year.
However, joining the choir of ECB officials snubbing rate cut bets, Bundesbank President Joachim Nagel noted risks are skewed towards more negative outcomes, so a further rate hike cannot be dismissed and cuts should not even be discussed.
Meanwhile, fresh data showed the broad-based downturn in euro zone manufacturing activity eased slightly last month, but the sector remained deeply rooted in contractionary territory.
Other data sets showed Italy's economy grew 0.1% in the third quarter, thanks to exports and firm consumer spending, revising up preliminary data. The benchmark index .FTMIB was up 0.5%.
Among individual stocks, SignifyLIGHT.AS jumped 5.6% as the world's biggest lights maker announced a new organisation structure to reduce costs.
Bechtle AGBC8G.DE dropped 5.3% after announcing a convertible bond offering.
Struggling Swedish streaming company ViaplayVPLAYb.ST tanked 76% to a record low on plans to raise new equity and restructure its debt.
(Reporting by Ankika Biswas and Khushi Singh in Bengaluru; Editing by Saumyadeb Chakrabarty and Shinjini Ganguli)
((Ankika.Biswas@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Anglo American AAL.L topped the STOXX 600 with a 6.3% gain, while Antofagasta ANTO.L jumped 4.1% after UBS upgraded both the miners to "buy" from "neutral". By Ankika Biswas and Khushi Singh Dec 1 (Reuters) - European shares gained on Friday on a strong boost from miners, while investors awaited policy comments from Federal Reserve Chair Jerome Powell after cooler-than-expected inflation prints bolstered bets of interest rate cuts. All eyes are now on comments from Fed's Powell later in the day for further clues on global policy outlook after data out of Europe and the United States on Thursday reflected a sustained drop in inflation.
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Anglo American AAL.L topped the STOXX 600 with a 6.3% gain, while Antofagasta ANTO.L jumped 4.1% after UBS upgraded both the miners to "buy" from "neutral". By Ankika Biswas and Khushi Singh Dec 1 (Reuters) - European shares gained on Friday on a strong boost from miners, while investors awaited policy comments from Federal Reserve Chair Jerome Powell after cooler-than-expected inflation prints bolstered bets of interest rate cuts. However, joining the choir of ECB officials snubbing rate cut bets, Bundesbank President Joachim Nagel noted risks are skewed towards more negative outcomes, so a further rate hike cannot be dismissed and cuts should not even be discussed.
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Anglo American AAL.L topped the STOXX 600 with a 6.3% gain, while Antofagasta ANTO.L jumped 4.1% after UBS upgraded both the miners to "buy" from "neutral". By Ankika Biswas and Khushi Singh Dec 1 (Reuters) - European shares gained on Friday on a strong boost from miners, while investors awaited policy comments from Federal Reserve Chair Jerome Powell after cooler-than-expected inflation prints bolstered bets of interest rate cuts. Miners .SXPP were the top sectoral gainers in early trading, rising 3.3% to a four-month high following higher metal prices on a softer dollar and supportive data from top consumer China.
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Anglo American AAL.L topped the STOXX 600 with a 6.3% gain, while Antofagasta ANTO.L jumped 4.1% after UBS upgraded both the miners to "buy" from "neutral". By Ankika Biswas and Khushi Singh Dec 1 (Reuters) - European shares gained on Friday on a strong boost from miners, while investors awaited policy comments from Federal Reserve Chair Jerome Powell after cooler-than-expected inflation prints bolstered bets of interest rate cuts. The pan-European STOXX 600 .STOXX was up 0.7% at 0920 GMT, after logging its strongest monthly gain of 6.4% in November since the start of the year, also helped by a fall in eurozone bond yields.
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2080.0
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2023-11-30 00:00:00 UTC
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Airline Stock Roundup: AAL's Environment-Friendly Deal, HA's Expansion Update
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-aals-environment-friendly-deal-has-expansion-update
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nan
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nan
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In the past week, American Airlines AAL and Graphyte, a carbon removal startup backed by Breakthrough Energy Ventures, inked a carbon removal purchase agreement. American Airlines will be the startup's inaugural customer.
Management of Hawaiian Airlines, the wholly-owned subsidiary of Hawaiian Holdings HA, announced the decision to add two new routes to the islands of Kauai and Hawaii from Sacramento. Southwest Airlines LUV was also in the news when it made multiple leadership changes aimed at promoting organizational alignment.
Read the last Airline Roundup here.
Recap of the Past Week’s Most Important Stories
1. In a bid to expand its network, Hawaiian Airlines will operate three weekly nonstop flights that will run from Sacramento to Kona starting May 25, 2024. The flights will operate on Mondays, Wednesdays and Saturdays. Additionally, HA will expand its presence in Sacramento with four weekly flights to Lihue on Kaua'i, starting operations from May 24. The flights will operate on Tuesdays, Thursdays, Fridays and Sundays.
2. Per the deal with Graphyte, American Airlines will pay the former for burying 10,000 tons of carbon dioxide underground. The move is in line with AAL’s plans to limit the pollution causing climate change. AAL aims to reach net-zero emissions by 2050. To this end, it is investing in a variety of technologies to reduce its carbon footprint. AAL recognized carbon credits are of paramount importance as far as eliminating aviation’s residual emissions. Following the decision to purchase carbon removal credits from Graphyte, AAL aims to accelerate and scale the carbon dioxide removal market.
Currently, American Airlines carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3. In a bid to achieve its strategic priorities more efficiently, Southwest Airlines announced some leadership changes that will take effect from Dec 1. The changes include the promotion of Justin Jones to the post of executive vice president of operations. Jones, who served as the vice president of operational strategy and design from December 2021, will report to chief operating officer Andrew Watterson. Jones will lead the teams responsible for coordinating modernization and oversight of LUV’s daily operations. Per Bob Jordan, Southwest Airlines’ president & CEO, “We're closing out a year of purposeful investment in our capabilities and resiliency, having made enormous strides in a more seamless experience for our customers. These changes solidify Southwest's Executive Leadership Team as we work to achieve our objectives for 2024 and beyond."
4. Delta Air Lines DAL announced that more than 5.3 million customers availed its flights in the Nov 17-26 timeframe. DAL operated more than 43,000 flights systemwide during the period to meet the buoyant air travel demand witnessed during the Thanksgiving holiday period. The figures are in line with its Nov 17-28 projection, where itexpected 6.2-6.4 million passengers to avail its flights. The forecast implied that 515,000-530,000 passengers will fly per day.
Price Performance
The following table shows the price movement of the major airline players over the past week and during the past six months.
Image Source: Zacks Investment Research
The table above shows that most airline stocks traded in the green over the past week. However, the gains were muted in nature. Consequently, the NYSE ARCA Airline Index improved marginally to $55.15 over the past week. Over the course of six months, the sector tracker decreased 12.5%.
What's Next in the Airline Space?
Stay tuned for the usual news updates in the space.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Hawaiian Holdings, Inc. (HA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the past week, American Airlines AAL and Graphyte, a carbon removal startup backed by Breakthrough Energy Ventures, inked a carbon removal purchase agreement. The move is in line with AAL’s plans to limit the pollution causing climate change. AAL aims to reach net-zero emissions by 2050.
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In the past week, American Airlines AAL and Graphyte, a carbon removal startup backed by Breakthrough Energy Ventures, inked a carbon removal purchase agreement. Following the decision to purchase carbon removal credits from Graphyte, AAL aims to accelerate and scale the carbon dioxide removal market. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Hawaiian Holdings, Inc. (HA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the past week, American Airlines AAL and Graphyte, a carbon removal startup backed by Breakthrough Energy Ventures, inked a carbon removal purchase agreement. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Hawaiian Holdings, Inc. (HA) : Free Stock Analysis Report To read this article on Zacks.com click here. The move is in line with AAL’s plans to limit the pollution causing climate change.
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In the past week, American Airlines AAL and Graphyte, a carbon removal startup backed by Breakthrough Energy Ventures, inked a carbon removal purchase agreement. The move is in line with AAL’s plans to limit the pollution causing climate change. AAL aims to reach net-zero emissions by 2050.
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2081.0
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2023-11-28 00:00:00 UTC
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Chile mining body says new lithium projects needed beyond SQM, Albemarle
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AAL
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https://www.nasdaq.com/articles/chile-mining-body-says-new-lithium-projects-needed-beyond-sqm-albemarle
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By Daina Beth Solomon and Fabian Cambero
SANTIAGO, Nov 28 (Reuters) - The head of one of Chile's top mining associations on Tuesday urged the government to speed up efforts to expand the lithium industry without waiting to hammer out deals with miners SQM SQMA.SN and Albemarle ALB.N as it seeks to boost state control.
Chile's government under President Gabriel Boric this year announced plans to only allow public-private partnerships for lithium contracts, and appointed state run copper producer Codelco to negotiate with SQM and Albemarle, the only producers in Chile of the light metal used for electric car batteries.
Codelco expects to reach a deal with SQM by the end of the year ahead of the 2030 expiration of the company's contract, but details about what the agreement could entail are scarce. Albemarle's contract is up in 2043.
Joaquin Villarino, the head of Chile's Mining Council whose members include Codelco as well as international miners BHP BHP.AX, Teck TECKb.TO and Anglo American AAL.L, said other lithium exploration projects are being neglected.
Although Chile is the world's second biggest lithium producer, making it a key player in the global shift to adopt electric vehicles, the industry has been held back by a lack of projects in the pipeline.
"There could be bidding on contracts in other salt flats in Chile, and that isn't happening," Villarino said in an interview. The government has outlined goals to offer exploration contracts to private firms in the first half of next year.
"What does not seem reasonable is that the entire development of the lithium industry depends on the negotiation of Codelco's contract with SQM," Villarino said.
He noted that neighboring Argentina, which has numerous lithium projects underway, could be poised to gain ground on Chile if President-elect Javier Milei, a libertarian, succeeds in plans to energize the flagging economy.
"If Milei's project works ... it's likely that many investors will prefer to go there, rather than stay or invest here in Chile," he said.
"We are missing a tremendous opportunity and time is being wasted."
(Reporting by Fabian Cambero and Daina Beth Solomon Editing by Chris Reese)
((daina.solomon@thomsonreuters.com; +52 55 5282 7150;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Joaquin Villarino, the head of Chile's Mining Council whose members include Codelco as well as international miners BHP BHP.AX, Teck TECKb.TO and Anglo American AAL.L, said other lithium exploration projects are being neglected. By Daina Beth Solomon and Fabian Cambero SANTIAGO, Nov 28 (Reuters) - The head of one of Chile's top mining associations on Tuesday urged the government to speed up efforts to expand the lithium industry without waiting to hammer out deals with miners SQM SQMA.SN and Albemarle ALB.N as it seeks to boost state control. He noted that neighboring Argentina, which has numerous lithium projects underway, could be poised to gain ground on Chile if President-elect Javier Milei, a libertarian, succeeds in plans to energize the flagging economy.
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Joaquin Villarino, the head of Chile's Mining Council whose members include Codelco as well as international miners BHP BHP.AX, Teck TECKb.TO and Anglo American AAL.L, said other lithium exploration projects are being neglected. By Daina Beth Solomon and Fabian Cambero SANTIAGO, Nov 28 (Reuters) - The head of one of Chile's top mining associations on Tuesday urged the government to speed up efforts to expand the lithium industry without waiting to hammer out deals with miners SQM SQMA.SN and Albemarle ALB.N as it seeks to boost state control. Chile's government under President Gabriel Boric this year announced plans to only allow public-private partnerships for lithium contracts, and appointed state run copper producer Codelco to negotiate with SQM and Albemarle, the only producers in Chile of the light metal used for electric car batteries.
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Joaquin Villarino, the head of Chile's Mining Council whose members include Codelco as well as international miners BHP BHP.AX, Teck TECKb.TO and Anglo American AAL.L, said other lithium exploration projects are being neglected. By Daina Beth Solomon and Fabian Cambero SANTIAGO, Nov 28 (Reuters) - The head of one of Chile's top mining associations on Tuesday urged the government to speed up efforts to expand the lithium industry without waiting to hammer out deals with miners SQM SQMA.SN and Albemarle ALB.N as it seeks to boost state control. Chile's government under President Gabriel Boric this year announced plans to only allow public-private partnerships for lithium contracts, and appointed state run copper producer Codelco to negotiate with SQM and Albemarle, the only producers in Chile of the light metal used for electric car batteries.
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Joaquin Villarino, the head of Chile's Mining Council whose members include Codelco as well as international miners BHP BHP.AX, Teck TECKb.TO and Anglo American AAL.L, said other lithium exploration projects are being neglected. By Daina Beth Solomon and Fabian Cambero SANTIAGO, Nov 28 (Reuters) - The head of one of Chile's top mining associations on Tuesday urged the government to speed up efforts to expand the lithium industry without waiting to hammer out deals with miners SQM SQMA.SN and Albemarle ALB.N as it seeks to boost state control. Chile's government under President Gabriel Boric this year announced plans to only allow public-private partnerships for lithium contracts, and appointed state run copper producer Codelco to negotiate with SQM and Albemarle, the only producers in Chile of the light metal used for electric car batteries.
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2082.0
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2023-11-28 00:00:00 UTC
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AAL Quantitative Stock Analysis
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AAL
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https://www.nasdaq.com/articles/aal-quantitative-stock-analysis-1
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nan
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. This deep value model looks for inexpensive stocks that could be potential takeover targets.
AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry. The rating using this strategy is 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
QUALITY: PASS
ACQUIRER'S MULTIPLE FAIL
Detailed Analysis of AMERICAN AIRLINES GROUP INC
AAL Guru Analysis
AAL Fundamental Analysis
More Information on Tobias Carlisle
Tobias Carlisle Portfolio
About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing. He is the author of "The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market" and the founder of Acquirer's Funds. He is also the author of "Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations" and co-author of Quantitative Value: "A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors" Tobias is originally from Australia, where he worked an an analyst at an activist hedge fund and was a lawyer specializing in mergers and acquisitions.
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing.
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Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing. Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing.
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2083.0
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2023-11-28 00:00:00 UTC
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The Zacks Analyst Blog Highlights Delta Air Lines, American Airlines, United Airlines and JetBlue Airways
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AAL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-delta-air-lines-american-airlines-united-airlines-and
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For Immediate Release
Chicago, IL – November 28, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Delta Air Lines DAL, American Airlines AAL, United Airlines UAL and JetBlue Airways JBLU.
Here are highlights from Monday’s Analyst Blog:
Airline Industry Jumps +17.7% in a Month: Here's Why
It is a well-documented fact that expenses on fuel represent a significant input cost for airlines. Therefore, the health of stocks in the Zacks Airline industry is inversely proportional to the movement of oil prices.
Oil prices were moving northward from July mainly due to the extension of production cuts by Saudi Arabia and Russia through the end of the current year. In fact, oil price surged 28.5% in the July-September period, in turn restricting bottom-line growth of many airline players in the third quarter of 2023.
Due to the northward movement of oil prices, average fuel price per gallon increased 10.3% sequentially at Delta Air Lines. Similarly, the metric increased 11%, 10.3% and 11.8% sequentially at American Airlines, United Airlines and JetBlue Airways, respectively, in third-quarter 2023. Of the abovementioned stocks, JetBlue currently carries a Zacks Rank #5 (Strong Sell), while the other three carry a Zacks Rank #3 (Hold), presently. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, oil prices have stopped moving northward over the past month and have in fact declined 8.5% in November so far. Factors like an increase in supply, record U.S. oil production and dispute among the OPEC+ group of exporters regarding agreement on any additional production cuts have contributed to the reduction in oil prices.
This southward movement in oil prices is a welcome development for airline stocks. This is reflected in the fact that the Zacks Airline industry has appreciated 17.7% in a month’s time, well above the S&P 500’s 9.4% rise in the same time period.
Record Thanksgiving Traffic: Another Positive
Coupled with the southward oil price movement, the buoyant passenger volumes witnessed during the ongoing Thanksgiving travel period are another positive for airlines that have led to the price surge.
A mind-boggling 30 million passengers are expected to be screened between Nov 17 and Nov 28, a record high, per the Transportation Security Administration. The decline in airfares supports the upbeat traffic projection.
Delta expects 6.2-6.4 million passengers to avail its flights in the Nov 17-28 timeframe. The forecast implies that 515,000-530,000 passengers are likely to fly per day. UAL expects to have recorded its busiest-ever Thanksgiving, with nearly 6 million people flying with the airline during the holiday travel period. American Airlines, too, has been attracting huge traffic during the ongoing Thanksgiving holiday season.
The record traffic during the Thanksgiving period, in addition to the decline in fuel costs, has provided the much-needed boost to airline stocks after a tough few months due to headwinds like high labor and fuel costs and a slowdown in domestic air travel demand.
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Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Delta Air Lines DAL, American Airlines AAL, United Airlines UAL and JetBlue Airways JBLU. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
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Stocks recently featured in the blog include: Delta Air Lines DAL, American Airlines AAL, United Airlines UAL and JetBlue Airways JBLU. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Due to the northward movement of oil prices, average fuel price per gallon increased 10.3% sequentially at Delta Air Lines.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Delta Air Lines DAL, American Airlines AAL, United Airlines UAL and JetBlue Airways JBLU. Record Thanksgiving Traffic: Another Positive Coupled with the southward oil price movement, the buoyant passenger volumes witnessed during the ongoing Thanksgiving travel period are another positive for airlines that have led to the price surge.
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Stocks recently featured in the blog include: Delta Air Lines DAL, American Airlines AAL, United Airlines UAL and JetBlue Airways JBLU. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. However, oil prices have stopped moving northward over the past month and have in fact declined 8.5% in November so far.
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2084.0
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2023-11-28 00:00:00 UTC
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What's Next For JetBlue Stock After A 35% Fall This Year?
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AAL
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https://www.nasdaq.com/articles/whats-next-for-jetblue-stock-after-a-35-fall-this-year
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nan
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After a 35% fall this year, JetBlue Airways stock (NASDAQ: JBLU) looks like it can see higher levels. Looking at a slightly longer term, JBLU stock is down a significant 78% from levels seen in late 2019. This can be attributed to 1. the company’s P/S ratio, which plunged 78% to 0.1x trailing revenues from 0.7x in 2019, 2. its average shares outstanding rising 16% to 333 million, partly offset by 3. a 20% rise in JetBlue Airways revenue to $9.7 billion. Our interactive dashboard, Why JetBlue Airways Stock Moved, has more details.
JBLU stock has suffered a sharp decline of 75% from levels of $15 in early January 2021 to around $4 now, vs. an increase of about 20% for the S&P 500 over this roughly 3-year period. Notably, JBLU stock has underperformed the broader market in each of the last 3 years. Returns for the stock were -2% in 2021, -54% in 2022, and -35% in 2023 (YTD). In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 19% in 2023 (YTD) – indicating that JBLU underperformed the S&P in 2021, 2022, and 2023.
In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Industrials sector including UNP, BA, and UPS, and even for the megacap stars GOOG, TSLA, and MSFT.
In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index, less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could JBLU face a similar situation as it did in 2021, 2022, and 2023 and underperform the S&P over the next 12 months – or will it see a recovery? Going by its valuation, JBLU appears to have ample room for growth, as discussed below.
JetBlue primarily earns its revenues from commercial flight operations and other ancillary services such as freight and mail. The rise in revenues over the recent years can be attributed to a rebound in air travel demand, with passenger traffic and ticket yield rising meaningfully in the last few years. JetBlue’s available seat miles (ASM) plunged from 63.8 million in 2019 to 32.7 million in 2020 before rebounding to 68.0 million in the last twelve month period. The company’s passenger revenue per average seat mile (PRASM) fell from 12.20 cents in 2019 to 8.36 cents in 2020 before rebounding to 13.29 now. The demand for air travel is expected to remain high in the near term, boding well for JetBlue in the near future. However, the average ticket price has also cooled this year while overall capacity has expanded. The PRASM stood at 14.89 cents in Q3’23, reflecting a 14% y-o-y decline. JetBlue’s operating margin stood at 9.5% in 2019, before the pandemic, and it fell to -63.2% in 2020 before recovering to -4.6% in 2022. Our JetBlue Airways (JBLU) Operating Income Comparison dashboard has more details.
Looking at valuation, we find that JBLU stock has more room for growth. We estimate JetBlue Airways’ Valuation to be $5 per share, about 20% above the current market price. JetBlue stock has been weighed down over the last year or so owing to concerns around its proposed acquisition of Spirit Airlines. JetBlue and Spirit agreed to merge last year in a $3.8 billion deal. However, earlier this year, the Justice Department filed a lawsuit seeking to block the proposed merger of JetBlue and Spirit, stating that it will lead to increased fares.
While JBLU stock appears to have more room for growth, it is helpful to see how JetBlue Airways’ Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Returns Nov 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
JBLU Return 12% -35% -81%
S&P 500 Return 9% 19% 103%
Trefis Reinforced Value Portfolio 8% 27% 551%
[1] Month-to-date and year-to-date as of 11/22/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Industrials sector including UNP, BA, and UPS, and even for the megacap stars GOOG, TSLA, and MSFT. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could JBLU face a similar situation as it did in 2021, 2022, and 2023 and underperform the S&P over the next 12 months – or will it see a recovery? However, earlier this year, the Justice Department filed a lawsuit seeking to block the proposed merger of JetBlue and Spirit, stating that it will lead to increased fares.
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After a 35% fall this year, JetBlue Airways stock (NASDAQ: JBLU) looks like it can see higher levels. The rise in revenues over the recent years can be attributed to a rebound in air travel demand, with passenger traffic and ticket yield rising meaningfully in the last few years. The company’s passenger revenue per average seat mile (PRASM) fell from 12.20 cents in 2019 to 8.36 cents in 2020 before rebounding to 13.29 now.
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After a 35% fall this year, JetBlue Airways stock (NASDAQ: JBLU) looks like it can see higher levels. While JBLU stock appears to have more room for growth, it is helpful to see how JetBlue Airways’ Peers fare on metrics that matter. Total [2] JBLU Return 12% -35% -81% S&P 500 Return 9% 19% 103% Trefis Reinforced Value Portfolio 8% 27% 551% [1] Month-to-date and year-to-date as of 11/22/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After a 35% fall this year, JetBlue Airways stock (NASDAQ: JBLU) looks like it can see higher levels. Our JetBlue Airways (JBLU) Operating Income Comparison dashboard has more details. We estimate JetBlue Airways’ Valuation to be $5 per share, about 20% above the current market price.
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2085.0
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2023-11-27 00:00:00 UTC
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Feeling Lucky? 5 ‘Jackpot’ Stocks to Buy for 2024.
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AAL
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https://www.nasdaq.com/articles/feeling-lucky-5-jackpot-stocks-to-buy-for-2024.
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here.
As the former editor of InvestorPlace.com’s “Moonshot Investor,” let me say this:
Investing in longshots is hard.
For every winning moonshot you pick, many more will go to zero. It’s why startup investors rarely talk about their success rate, and why options traders never mention how their algorithms are doing… even at the Thanksgiving dinner table. No one wants to admit they only have a 15% hit rate.
But when these investors do land on a winner, their gains can offset even the steepest losses. Just one Tesla (NASDAQ:TSLA)… one GameStop (NYSE:GME)… one massive home run… When you’re buying stocks that can rise 100-fold, you mathematically only need one winner to offset 99 others that go to zero. It’s how firms that fund startups — from Softbank to Sequoia Capital — have stayed alive for so long.
So… how do you find 100x stocks like Tesla or GameStop?
Some of these are game changers that bring new technologies to life. Tesla in electric vehicles… OpenAI with large language models… Moderna (NASDAQ:MRNA) with mRNA vaccines… the list will only grow longer with each passing decade.
Other companies are short squeezes — struggling firms with such small market capitalizations that even tiny buying pressures can send prices soaring. Some, like American Airlines Group (NASDAQ:AAL) and Hertz (NASDAQ:HTZ), have even survived their ordeal to become “normal” companies again.
There are also plenty of in-between assets. Cryptocurrencies like Dogecoin (DOGE-USD) are seen as leading-edge technology by some, and a worthless meme asset by others. Squint hard enough, and you might even say the same about CEO Ryan Cohen’s turnaround of GameStop.
But one thing pulls these “jackpot-like” bets together:
They’re early-stage investments that reward those who get in first.
Tesla could have turned ever $10,000 invested into $3.2 million… provided you invested in 2010. And plenty of GameStop investors are still sitting on 1,500% gains because they decided to buy in 2020, before the mad rush began.
This week, our writers at InvestorPlace.com, our free news site, highlight five longshot bets to buy for 2024. Though most of these picks will likely fail, history tells us that you only need to land one moonshot to turn a small portfolio into a fortune…
“Jackpot” Stocks to Buy for 2024: Joby (JOBY)
Source: T. Schneider / Shutterstock.com
I’ll admit to being a skeptic of “flying cars.” Electric vertical takeoff and landing (eVTOL) aircraft are notoriously expensive to produce, and the majority will require a pilot’s license to operate. In other words, flying cars will be a small niche for the very wealthy for the foreseeable future.
The flagship eVTOL from Joby Aviation (NYSE:JOBY) is no different. The S4 2.0 is projected to cost $1.3 million once it reaches production and will require about 500 hours of training to operate. Most of its users will likely hire them as taxis to avoid the hassle of owning and operating these aircraft.
Nevertheless, Joby still has significant potential. And eVTOLs could someday become a mass-market reality as production gains scale. Electric vehicles, after all, went through a similar transformation. Artificial intelligence (AI) could also help eVTOLs become self-flying, reducing the need for trained pilots.
Chris MacDonald makes an even stronger case for Joby in an InvestorPlace.com article this week. In it, he details how the company is speeding past the competition:
“Joby marked a milestone with the first electric air taxi flight in New York City. A partnership with Delta Airlines has brought about the potential for New York City to become an early launch market…
“Additionally, the company’s backlog, driven by orders from the U.S. Department of Defense (DOD), is $131 million. Joby invested $264 million in R&D in the first nine months of 2023, signaling its commitment to growth.
“All of these contribute to optimism that JOBY stock will do great things and will skyrocket more in the future. Here’s why I think it’s entirely possible that 2024 could bring about new highs for this flying car stock.”
Joby Aviation is also the best-capitalized of its competitors, with $1.1 billion of cash available for research and development (R&D) and production scaling. Rival Archer Aviation (NYSE:ACHR) has less than half that figure.
This head start makes Joby the most likely U.S.-based flying car stock to succeed. Though there’s still plenty of risk, Joby is a firm that could turn a small investment into jackpot winnings.
Lucid (LCID)
Source: Around the World Photos / Shutterstock.com
Most of our writers are understandably negative about Lucid Group (NASDAQ:LCID), the company founded by former Tesla chief engineer Peter Rawlinson. Louis Navellier and his staff called the firm “likely to tank post-earnings,” and Dana Blankenhorn rightly notes that Lucid loses $338,000 for every vehicle it produces.
“The cost structure of the Arizona-based company is unsustainable,” Blankenhorn writes. “You don’t want to join them.”
However, News Writer Eddie Pan notes this week at InvestorPlace.com that Lucid’s five top backers added shares during the quarter.
“While it may not seem like it this year, Lucid has a competitive advantage over its rivals due to its support from Saudi Arabia’s Public Investment Fund (PIF) and its affiliate, Ayar Third Investment. Earlier this year, Ayar agreed to purchase shares worth $1.8 billion, bringing its total investment into Lucid to $5.4 billion. PIF and Ayar are majority shareholders of LCID stock with a 60.5% stake.”
The funding will go a long way in helping Lucid rework its pricing model, which has included opening a new factory in Saudi Arabia and revamping its lineup.
That’s because Lucid needs to move down-market to succeed. The EV startup has long struggled to sell high-priced sports cars, since relatively few people can afford the $140,000 price tag of Lucid’s “midrange” offerings. That’s led to unsold inventories, low sales and poor cash flow. In Q3, Lucid sold only 1,457 vehicles.
Funding from these key backers now gives Lucid a second chance. Already, we’re seeing the average price of its 2024 lineup drop into the $80,000-$90,000 range. Though chances of success are still slim, Lucid’s solid financial backing makes it the most likely U.S.-based EV startup to beat Tesla at its own game.
Terran Orbital (LLAP)
Source: Jurik Peter/ShutterStock.com
This week at InvestorPlace.com, Omor Ibne Ehsan picks out Terran Orbital (NYSE:LLAP) as a potential winner of the space race. The satellite solutions company has an enormous backlog, which he believes gives Terran significant upside.
In my view, the biggest bull case for Terran Orbital is its massive $2.6 billion backlog, fueled by a contract from Rivada. The company anticipates converting 80% of this backlog into revenue over the next two years, yet its market valuation sits at just $154 million. Once Terran Orbital begins delivering on its initial orders, I believe the stock could climb substantially higher.
Terran Orbital is also on track to become profitable within two years — a remarkable feat for a company that earned only token revenues as late as 2021. Analysts believe the South Florida-based firm will double revenues every year through 2025.
Of course, there’s plenty of risk with this moonshot bet. The firm’s long-term debt outweighs its $150 million market capitalization, giving management preciously little breathing room. Satellites are also a tough business, as Intelsat’s 2020 bankruptcy showed. Capital costs are high, and competitive advantages are hard to keep.
Still, Terran’s contract with Rivada suggests this is the space-based firm to keep in your back pocket. High barriers to entry cuts both ways; if Terran Orbital can succeed, it will likely dominate its niche for a long while to come.
Plug Power (PLUG)
Source: Postmodern Studio / Shutterstock
Earlier this month, Plug Power (NASDAQ:PLUG) issued a “going concern” warning in its third-quarter earnings. Shares have since lost almost half of their value, compounding a previous 50% loss this year. (The stock is consequently down 75%.)
Faisal Humayun now sees the selloff as overdone. In an update this week, the longtime InvestorPlace.com writer notes that the cash crunch seems temporary.
“I believe that PLUG stock is oversold and a massive short-squeeze rally is in the cards. There are some big investments being initiated to boost the global hydrogen economy… [and] the hydrogen supply challenge is a transitory issue.”
Other analysts have since chimed in that Plug’s “going concern” warning was more of an accounting technicality than a death sentence. The company has plenty of cash it can still raise, given its $1 billion in inventory and large reserve of hydrogen assets and government grants. These assets can be used as collateral if the firm wants to avoid an equity raise.
Plug Power is also riding a wave of interest in clean energy. The company’s hydrogen fuel cell systems are a compelling alternative to lithium-ion batteries, which take longer to charge. The Albany, New York-based firm has also long supplied Walmart (NYSE:WMT) with green hydrogen systems.
I’ll admit to repeatedly being negative about Plug Power’s prospects. I tend to dislike companies with such long odds of success. But Faisal has a point that moonshot bets can become attractive when a selloff gets deep enough.
Soleno Therapeutics (SLNO)
Source: shutterstock.com/Romix Image
Researchers have long found mixed evidence whether investors should buy biotech stocks that just announced positive clinical trial data. Some have found that markets overreact to positive news (leading to future losses), while others have found no such evidence.
This will matter greatly to Soleno Therapeutics (NASDAQ:SLNO), a company that’s seen a 500% surge in share prices since announcing strong clinical trial results for its flagship drug in September. In a Phase 2 study follow-up, DCCR (diazoxide choline) tablets were shown to be potentially effective at combating symptoms of Prader-Willi syndrome, a rare genetic condition .
On the one hand, shares could sink back to Earth as the harsh realities of the Food and Drug Administration (FDA) approval process sets in. Approving drugs can take years, and only a handful of new therapies make it to market each year.
On the other hand, the success of DCCR could turn Soleno into a 10x winner. As Gabriel Osorio-Mazzilli notes for InvestorPlace.com this week, the biotech startup has been busy rearming itself with money and talent.
“DCCR is not only effective, but also a good teammate, as it is generally well tolerated and has no unexpected safety issues. These findings, presented at the Prader-Willi Research Foundation Symposium, are like a victory cheer for both the scientific community and the individuals and families affected by PWS.
“But these are not just victories on the medical front. Soleno, as a company, is making strategic moves on the financial front. Closing a round of funding to the tune of $129 million is like giving a strong dose of energy to their research and development efforts. They have even welcomed new members to their board, such as industry veteran Matthew Pauls, and added Dr. Mike Huang to their clinical development team.”
These are signs of a well-run biotech that’s preparing for a “groundbreaking chapter” in its development. Bringing a drug to market requires a different set of skills from the initial research phase, and Soleno’s pivot tells us they’re able to make the right changes.
Though Soleno’s stock remains risky, the company is making all the right moves to push this novel orphan drug.
Beating the Stock Market “House”
These early-stage jackpot-like bets are a swashbuckling corner of finance where losses are tolerated, and successes can turn small fortunes into massive ones. This is especially true if you’re investing in founders with little prior experience.
Yet, these investments can turn early backers into literal billionaires, as Facebook’s Peter Thiel found. His initial $500,000 investment has turned into more than $1 billion in cash.
That’s why you should pay particular attention to Luke Lango’s latest presentation on early-stage AI moonshots. Luke tells us he’s found a way to “jump the line” and invest in these companies with way lower volatility and a shot at bigger payouts down the line. (Think WAY lower volatility and a shot at bigger payouts in way less time.) Now, Luke Lango is showing YOU how to “jump the line.” Register here for that event.
I hope you all are having a wonderful Thanksgiving holiday. I’ll see you back here next week.
On the date of publication, Tom Yeung did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Tom Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung’s Profit & Protection, a free e-letter about investing to profit in good times and protecting gains during the bad.
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The post Feeling Lucky? 5 ‘Jackpot’ Stocks to Buy for 2024. appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some, like American Airlines Group (NASDAQ:AAL) and Hertz (NASDAQ:HTZ), have even survived their ordeal to become “normal” companies again. PIF and Ayar are majority shareholders of LCID stock with a 60.5% stake.” The funding will go a long way in helping Lucid rework its pricing model, which has included opening a new factory in Saudi Arabia and revamping its lineup. Soleno Therapeutics (SLNO) Source: shutterstock.com/Romix Image Researchers have long found mixed evidence whether investors should buy biotech stocks that just announced positive clinical trial data.
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Some, like American Airlines Group (NASDAQ:AAL) and Hertz (NASDAQ:HTZ), have even survived their ordeal to become “normal” companies again. Though most of these picks will likely fail, history tells us that you only need to land one moonshot to turn a small portfolio into a fortune… “Jackpot” Stocks to Buy for 2024: Joby (JOBY) Source: T. Schneider / Shutterstock.com I’ll admit to being a skeptic of “flying cars.” Electric vertical takeoff and landing (eVTOL) aircraft are notoriously expensive to produce, and the majority will require a pilot’s license to operate. Plug Power (PLUG) Source: Postmodern Studio / Shutterstock Earlier this month, Plug Power (NASDAQ:PLUG) issued a “going concern” warning in its third-quarter earnings.
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Some, like American Airlines Group (NASDAQ:AAL) and Hertz (NASDAQ:HTZ), have even survived their ordeal to become “normal” companies again. Though most of these picks will likely fail, history tells us that you only need to land one moonshot to turn a small portfolio into a fortune… “Jackpot” Stocks to Buy for 2024: Joby (JOBY) Source: T. Schneider / Shutterstock.com I’ll admit to being a skeptic of “flying cars.” Electric vertical takeoff and landing (eVTOL) aircraft are notoriously expensive to produce, and the majority will require a pilot’s license to operate. Lucid (LCID) Source: Around the World Photos / Shutterstock.com Most of our writers are understandably negative about Lucid Group (NASDAQ:LCID), the company founded by former Tesla chief engineer Peter Rawlinson.
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Some, like American Airlines Group (NASDAQ:AAL) and Hertz (NASDAQ:HTZ), have even survived their ordeal to become “normal” companies again. The flagship eVTOL from Joby Aviation (NYSE:JOBY) is no different. On the other hand, the success of DCCR could turn Soleno into a 10x winner.
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2023-11-27 00:00:00 UTC
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Service With a Smile: Investment Prospects in a Rebounding Sector
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AAL
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https://www.nasdaq.com/articles/service-with-a-smile-investment-prospects-in-a-rebounding-sector
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2023-11-27 00:00:00 UTC
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Analysts See 11% Upside For VOO
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https://www.nasdaq.com/articles/analysts-see-11-upside-for-voo
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard S&P 500 ETF (Symbol: VOO), we found that the implied analyst target price for the ETF based upon its underlying holdings is $463.47 per unit.
With VOO trading at a recent price near $418.37 per unit, that means that analysts see 10.78% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VOO's underlying holdings with notable upside to their analyst target prices are NextEra Energy Inc (Symbol: NEE), American Airlines Group Inc (Symbol: AAL), and Southwest Airlines Co (Symbol: LUV). Although NEE has traded at a recent price of $57.55/share, the average analyst target is 23.64% higher at $71.15/share. Similarly, AAL has 23.30% upside from the recent share price of $12.31 if the average analyst target price of $15.18/share is reached, and analysts on average are expecting LUV to reach a target price of $28.88/share, which is 16.10% above the recent price of $24.87. Below is a twelve month price history chart comparing the stock performance of NEE, AAL, and LUV:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Vanguard S&P 500 ETF VOO $418.37 $463.47 10.78%
NextEra Energy Inc NEE $57.55 $71.15 23.64%
American Airlines Group Inc AAL $12.31 $15.18 23.30%
Southwest Airlines Co LUV $24.87 $28.88 16.10%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
SYNC Videos
LPR Insider Buying
USM Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Vanguard S&P 500 ETF VOO $418.37 $463.47 10.78% NextEra Energy Inc NEE $57.55 $71.15 23.64% American Airlines Group Inc AAL $12.31 $15.18 23.30% Southwest Airlines Co LUV $24.87 $28.88 16.10% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VOO's underlying holdings with notable upside to their analyst target prices are NextEra Energy Inc (Symbol: NEE), American Airlines Group Inc (Symbol: AAL), and Southwest Airlines Co (Symbol: LUV). Similarly, AAL has 23.30% upside from the recent share price of $12.31 if the average analyst target price of $15.18/share is reached, and analysts on average are expecting LUV to reach a target price of $28.88/share, which is 16.10% above the recent price of $24.87.
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Three of VOO's underlying holdings with notable upside to their analyst target prices are NextEra Energy Inc (Symbol: NEE), American Airlines Group Inc (Symbol: AAL), and Southwest Airlines Co (Symbol: LUV). Similarly, AAL has 23.30% upside from the recent share price of $12.31 if the average analyst target price of $15.18/share is reached, and analysts on average are expecting LUV to reach a target price of $28.88/share, which is 16.10% above the recent price of $24.87. Vanguard S&P 500 ETF VOO $418.37 $463.47 10.78% NextEra Energy Inc NEE $57.55 $71.15 23.64% American Airlines Group Inc AAL $12.31 $15.18 23.30% Southwest Airlines Co LUV $24.87 $28.88 16.10% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, AAL has 23.30% upside from the recent share price of $12.31 if the average analyst target price of $15.18/share is reached, and analysts on average are expecting LUV to reach a target price of $28.88/share, which is 16.10% above the recent price of $24.87. Three of VOO's underlying holdings with notable upside to their analyst target prices are NextEra Energy Inc (Symbol: NEE), American Airlines Group Inc (Symbol: AAL), and Southwest Airlines Co (Symbol: LUV). Below is a twelve month price history chart comparing the stock performance of NEE, AAL, and LUV: Below is a summary table of the current analyst target prices discussed above:
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Vanguard S&P 500 ETF VOO $418.37 $463.47 10.78% NextEra Energy Inc NEE $57.55 $71.15 23.64% American Airlines Group Inc AAL $12.31 $15.18 23.30% Southwest Airlines Co LUV $24.87 $28.88 16.10% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VOO's underlying holdings with notable upside to their analyst target prices are NextEra Energy Inc (Symbol: NEE), American Airlines Group Inc (Symbol: AAL), and Southwest Airlines Co (Symbol: LUV). Similarly, AAL has 23.30% upside from the recent share price of $12.31 if the average analyst target price of $15.18/share is reached, and analysts on average are expecting LUV to reach a target price of $28.88/share, which is 16.10% above the recent price of $24.87.
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2023-11-24 00:00:00 UTC
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NVIDIA and Lowes Companies have been highlighted as Zacks Bull and Bear of the Day
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https://www.nasdaq.com/articles/nvidia-and-lowes-companies-have-been-highlighted-as-zacks-bull-and-bear-of-the-day
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For Immediate Release
Chicago, IL – November 24, 2023 – Zacks Equity Research shares NVIDIA NVDA as the Bull of the Day and Lowe’s Companies LOW as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Delta Air Lines DAL, American Airlines AAL and United Airlines UAL.
Here is a synopsis of all five stocks:
Bull of the Day:
NVIDIA delivered the goods this week with big Q3 beats and higher views of Q4.
For Q3, NVIDIA reported non-GAAP earnings of $4.02 per share, which beat the Zacks Consensus Estimate by nearly 20%.
Moreover, the reported figure soared a whopping 593% year-over-year while increasing 49% sequentially. The robust increase in earnings was mainly driven by higher revenues and improvement in gross margin.
Revenues more than tripled on a year-over-year basis and climbed 34% sequentially to $18.12 billion.
The robust growth in the top line was mainly driven by record sales in the Data Center end market and recovery across the Gaming and Professional Visualization end markets due to the normalization of channel inventory.
Datacenter was +280% at $14.5B!
The top line also beat the consensus projection of $16.19 billion by 12%.
The Path to $100 Billion in Revenues
You can review my June and September projections for NVIDIA to hit $100 billion in annual revenues in this October report. Here's an excerpt...
Jensen Huang said this: "The world has something along the lines of about a trillion dollars' worth of data centers installed in the cloud and enterprise. And that trillion dollars of data centers is in the process of transitioning into accelerated computing and generative AI."
I think this translates into NVIDIA hitting $100 billion per year in revenue much sooner than my 2026 projection in June. So don’t miss your chance to buy NVDA under $450 again. I’m pretty sure you won’t see it below $400 ever again.
(end of excerpt from 10/6 report)
Investors got a big gift in late October with a market dive giving you chances to buy NVDA at $400!
And if anyone thought the party was going to stop, Jensen & Co. offered revenue guidance for the current quarter that is projected to cross $20 billion, over $2B higher than estimates.
The only blemish was Jensen's warning about export restrictions on sales to China. With 20-25% of revenues coming from China, it's a real concern.
As we would expect when it comes to the big unknown of government intervention, Jensen doesn't have good visibility on that horizon.
But many analysts believe him when he says that NVIDIA has work-arounds where they can still sell technology to China.
In the bigger picture, a lot of other nations could, and probably will, make up for any loss of sales to China.
The Bigger Picture
Jensen spoke Tuesday night of the global transformation to "AI factories." We've been watching this trend ever since BMW hired him in 2018 to build the future of intelligent manufacturing automation with AI-driven robotics design and application.
But this is also a nod to the "factory of data" that must be managed for all kinds of enterprises -- including Jensen's favorite future application: biology, medicine, and the healthcare benefits for people.
On Wednesday morning, BofA Semi analyst Vivek Arya appeared on CNBC's Squawk Box to explain why he raised his PT on NVDA to a Street high of $700.
He highlighted 3 big trends for NVIDIA architectures that you've heard me talk about for some time...
1. We are in a multi-decade transformation for AI, LLMs, and GenAI. This means enterprise datacenters must be revamped aggressively over the next several years to "accelerated" GPU-based computing. NVIDIA is the clear leader here.
2. NVIDIA is adding richer product mixes all the time, including CPU-integrated architectures and new system/software platforms to enhance CUDA.
3. Nations want "AI sovereignty" and by that he means they want to build their own platforms for advanced computing to manage their data and technology. Arya says NVIDIA has "the best turn-key solution" to do that.
More countries are experiencing the "big-data deluge" and the solutions are LLMs and GenAI.
Nations Need NVIDIA
This immediately made me think of my State of Threat cybersecurity report from last month. While the "bad actors" will be ever present, there are many more nations looking for constructive uses of AI to enhance their economies and technology infrastructures.
I also saw Aaron Rakers from Wells Fargo, who raised his PT to $675, talk about his long-term earnings outlook based on industry domination in datacenter and AI software. He sees NVIDIA investors continuing to pay 30X EPS when earnings go above $20 next year.
Even as NVIDIA is able to turn the leverage and margin trim tabs, I still focus on the growth of revenues and how they are able to command a price/sales multiple of 15X which will get us above a $1.5 trillion market cap very soon in a $20 trillion TAM (total addressable market).
This is how NVDA has "grown into its valuation" as it inevitably approaches $100 billion in sales next year with 60%+ topline and bottomline growth!
And we are barely talking yet about the explosive growth markets of self-driving cars and all kinds of robotics after the success of the BMW buildout.
By the way, if you haven't explored the brains behind NVDA GPU chip design, check out Cadence Design Systems as a major NVIDIA partner in AI simulation capabilities.
Disclosure: I own shares of NVDA and CDNS for the Zacks TAZR Trader portfolio.
Bear of the Day:
Lowe’s Companies posted mixed results this week for their Q3, with the topline missing the Zacks Consensus Estimate while EPS fell in line with estimates. And both sales and earnings fell from the previous year’s quarterly readings.
Lowe’s has evolved as one of the world’s leading home improvement retailers, competing with Home Depot and offering services to homeowners, renters and commercial business customers.
The company has been smartly enhancing the experience of its pro customers by upgrading pro-focused brands and revamping pro-service business website, LowesForPros.com.
But it's looking like the hey-days of the 2021-22 real estate scramble to "buy anything, at any price" and fix-to-flip are now solidly in the rearview mirror with housing prices extended and interest rates prohibitive.
This is showing up in the downward estimate revisions among the majority of analysts on LOW.
Quarter in Detail
Adjusted earnings per share (EPS) of $3.06 barely surpassed the Zacks Consensus Estimate of earnings of $3.05 per share but dipped 6.4% from the third-quarter fiscal 2022 tally.
Net sales of $20,471 million decreased 12.8% year over year and came below the consensus estimate of $20,974 million. Comparable sales (comps) fell 7.4% in the quarter under review, driven by lower DIY discretionary spending, partly offset by Pro customer comps. We had projected a comps decline of 4% for the quarter under discussion.
Gross profit slipped 11.9% year over year to $6,891 million, while the gross margin increased 36 basis points (bps) to 33.7%. We had expected a gross margin expansion of 10 bps year over year. Operating income amounted to $2,696 million, up from $924 million recorded in the year-earlier quarter. Also, the operating margin expanded to 13.2% from the year-earlier quarter’s reported figure of 3.9%.
Other Financial Aspects & Developments
LOW ended the quarter with cash and cash equivalents of $1,210 million, long-term debt (excluding current maturities) of $35,374 million and shareholders’ deficit of $15,147 million.
Lowe’s generated cash flow from operations of $7,032 million for the nine months of fiscal 2023. Capital expenditures amounted to $1,344 million for the aforementioned period. For fiscal 2023, LOW expects a capex of up to $2 billion.
In the reported quarter, Lowe’s bought back 7.3 million shares for $1.6 billion and paid out dividends of $642 million.
In the fiscal third quarter, it introduced a store and three Lowe's Outlet stores. As of Nov 3, 2023, Lowe’s operated 1,746 home-improvement stores.
Outlook
For fiscal 2023, management revised the outlook on weaker-than-expected DIY sales. LOW now projects revenues of $86 billion versus $87-$89 million expected earlier and $97.1 billion delivered in fiscal 2022.
Comparable sales in fiscal 2023 are envisioned to be down 5% year over year versus the previous guided range of -2% to -4%. The adjusted operating margin is expected to be 13.3% compared with the earlier prediction of 13.4-13.6%.
Management anticipates EPS of $13.00 versus the earlier forecast of $13.20-$13.60 for the fiscal year versus earnings of $13.89 per share earned in fiscal 2022.
Additional content:
3 Airline Stocks to Keep an Eye on This Holiday Weekend
Americans are certainly expected to travel this Thanksgiving holiday span, thanks to a strong labor market and price pressures cooling from last year's record highs. Compared to last year, a greater number of Americans are likely to take to the skies for Thanksgiving.
As per the American Automobile Association (AAA), more than 55 million travelers are forecast to travel for Thanksgiving, which is an increase of 2.3% from last year. Most importantly, AAA predicted that 4.7 million travelers will be flying this holiday period, and that's 290,000 more compared to the same period last year.
This year, the number of those traveling by plane will be the highest since 2005, added AAA. Similarly, Airlines for America (A4A) predicts that almost 30 million travelers are expected to fly over the Thanksgiving traveling period (Nov 17-27), which is in itself a record high.
What's more, nearly 2.7 million Americans will be flying per day during the Thanksgiving traveling period, a 9% jump from last year. Precisely, the Sunday after Thanksgiving, or Nov 26, is expected to be the busiest day for the airports since a record-setting 3.2 million Americans will be flying on that day.
Now, with the Thanksgiving holiday span poised to be one of the most traveled periods by plane, airline stocks such as Delta Air Lines, American Airlines and United Airlines could get the much-needed boost.
Thus, investors should keep a tab on these stocks at the moment. After all, these airliners have a strong network of domestic routes in the United States and are aggressively hiring people to fulfill the unparalleled travel volume.
Delta Air Lines has now begun to pay dividends to its shareholders following a coronavirus-induced hiatus. It has a dividend yield of 1.1%. In the past 5-year period, DAL has increased its dividend once, and its payout ratio presently sits at 6% of earnings. Check Delta Air Lines' dividend history here.
The company also has a heartening liquidity position. The company's expected earnings growth rate for the current year is 90.6%. DAL's projected earnings growth rate for the next five-year period is 10.7%. The company has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank stocks here.
American Airlines has posted encouraging earnings results in its latest reporting quarter. The company's consolidated traffic has increased in recent times amid high air travel demand.
The company's expected earnings growth rate for the current year is 378%. AAL's projected earnings growth rate for the next five-year period is 54.6%. The company has a Zacks Rank #3.
United Airlines' initiatives to constantly add fleets is a major tailwind at present, mostly due to the uptick in air travel demand. Its revenues for the first nine-month period of this year have already increased compared to last year.
The company's expected earnings growth rate for the current year is 286.9%. UAL's projected earnings growth rate for the next five-year period is 46.5%. The company has a Zacks Rank #3.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Lowe's Companies, Inc. (LOW) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, Zacks Equity Research provides analysis on Delta Air Lines DAL, American Airlines AAL and United Airlines UAL. AAL's projected earnings growth rate for the next five-year period is 54.6%. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Lowe's Companies, Inc. (LOW) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In addition, Zacks Equity Research provides analysis on Delta Air Lines DAL, American Airlines AAL and United Airlines UAL. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Lowe's Companies, Inc. (LOW) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL's projected earnings growth rate for the next five-year period is 54.6%.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Lowe's Companies, Inc. (LOW) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on Delta Air Lines DAL, American Airlines AAL and United Airlines UAL. AAL's projected earnings growth rate for the next five-year period is 54.6%.
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In addition, Zacks Equity Research provides analysis on Delta Air Lines DAL, American Airlines AAL and United Airlines UAL. AAL's projected earnings growth rate for the next five-year period is 54.6%. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Lowe's Companies, Inc. (LOW) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2089.0
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2023-11-24 00:00:00 UTC
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Validea Detailed Fundamental Analysis - AAL
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AAL
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https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-aal-10
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. This deep value model looks for inexpensive stocks that could be potential takeover targets.
AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry. The rating using this strategy is 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
QUALITY: PASS
ACQUIRER'S MULTIPLE FAIL
Detailed Analysis of AMERICAN AIRLINES GROUP INC
AAL Guru Analysis
AAL Fundamental Analysis
More Information on Tobias Carlisle
Tobias Carlisle Portfolio
About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing. He is the author of "The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market" and the founder of Acquirer's Funds. He is also the author of "Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations" and co-author of Quantitative Value: "A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors" Tobias is originally from Australia, where he worked an an analyst at an activist hedge fund and was a lawyer specializing in mergers and acquisitions.
Additional Research Links
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing.
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Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing. Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Acquirer's Multiple Investor model based on the published strategy of Tobias Carlisle. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Tobias Carlisle Tobias Carlisle Portfolio About Tobias Carlisle: Tobias Carlisle is a widely recognized expert on deep value investing.
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2090.0
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2023-11-24 00:00:00 UTC
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LATAM Airlines retakes lead in US-Brazil traffic, first time since pandemic
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AAL
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https://www.nasdaq.com/articles/latam-airlines-retakes-lead-in-us-brazil-traffic-first-time-since-pandemic
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By Gabriel Araujo
SAO PAULO, Nov 24 (Reuters) - LATAM Airlines LTM.SN was the market share leader among companies flying between Brazil and the U.S. in the quarter ended in October after resuming non-stop flights to Los Angeles, data from local authority ANAC showed on Friday.
The Chile-based company, which leapfrogged U.S. majors American Airlines AAL.O and United Airlines UAL.O, transported more than 260,000 passengers between the countries in the period.
Average load factor in those flights, LATAM told Reuters, reached 89%.
LATAM had last led the ranking for three months in a row between November 2019 and January 2020, before the COVID-19 pandemic disrupted air travel around the world, ANAC figures show.
Brazil has the U.S. as its No. 1 market for international flights in number of passengers transported, with an 18% share so far this year, above Argentina (15%) and Portugal (12%).
"The leadership reflects the sustainable recovery of our international operations and the first year of our joint venture with Delta DAL.N," LATAM Brasil sales director Aline Mafra said in a statement to Reuters.
The results, according to ANAC, secured LATAM a 26% market share for flights between the two most populous countries in the Americas in the August-October period, above American Airlines' 22% and United Airlines' 20%.
Year to date, American Airlines still leads the ranking with a 23.7% market share, slightly above LATAM's 22.4%, considering the number of passengers transported.
LATAM resumed flights between Sao Paulo and Los Angeles in August, making it the sole non-stop flight between Brazil's largest city and the U.S. West Coast, and hopes to transport more than 110,000 people per year in the route.
It had also launched Sao Paulo-Boston flights last year, saying 74,000 people have flown between the two cities so far, with an average load factor of 80%. The carrier also operates flights to Miami, Orlando and New York.
LATAM and Delta DAL.N have been working on implementing their joint venture since October last year, and claim that so far they have managed to increase their capacity by 75%.
Delta in December is set to relaunch flights from Rio de Janeiro to New York and Atlanta. In 2023 the U.S. carrier has so far ranked fifth in U.S.-Brazil traffic, also lagging behind Azul AZUL.N.
(Reporting by Gabriel Araujo; Editing by Steven Grattan and Marguerita Choy)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Chile-based company, which leapfrogged U.S. majors American Airlines AAL.O and United Airlines UAL.O, transported more than 260,000 passengers between the countries in the period. By Gabriel Araujo SAO PAULO, Nov 24 (Reuters) - LATAM Airlines LTM.SN was the market share leader among companies flying between Brazil and the U.S. in the quarter ended in October after resuming non-stop flights to Los Angeles, data from local authority ANAC showed on Friday. LATAM had last led the ranking for three months in a row between November 2019 and January 2020, before the COVID-19 pandemic disrupted air travel around the world, ANAC figures show.
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The Chile-based company, which leapfrogged U.S. majors American Airlines AAL.O and United Airlines UAL.O, transported more than 260,000 passengers between the countries in the period. By Gabriel Araujo SAO PAULO, Nov 24 (Reuters) - LATAM Airlines LTM.SN was the market share leader among companies flying between Brazil and the U.S. in the quarter ended in October after resuming non-stop flights to Los Angeles, data from local authority ANAC showed on Friday. Year to date, American Airlines still leads the ranking with a 23.7% market share, slightly above LATAM's 22.4%, considering the number of passengers transported.
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The Chile-based company, which leapfrogged U.S. majors American Airlines AAL.O and United Airlines UAL.O, transported more than 260,000 passengers between the countries in the period. By Gabriel Araujo SAO PAULO, Nov 24 (Reuters) - LATAM Airlines LTM.SN was the market share leader among companies flying between Brazil and the U.S. in the quarter ended in October after resuming non-stop flights to Los Angeles, data from local authority ANAC showed on Friday. The results, according to ANAC, secured LATAM a 26% market share for flights between the two most populous countries in the Americas in the August-October period, above American Airlines' 22% and United Airlines' 20%.
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The Chile-based company, which leapfrogged U.S. majors American Airlines AAL.O and United Airlines UAL.O, transported more than 260,000 passengers between the countries in the period. By Gabriel Araujo SAO PAULO, Nov 24 (Reuters) - LATAM Airlines LTM.SN was the market share leader among companies flying between Brazil and the U.S. in the quarter ended in October after resuming non-stop flights to Los Angeles, data from local authority ANAC showed on Friday. LATAM resumed flights between Sao Paulo and Los Angeles in August, making it the sole non-stop flight between Brazil's largest city and the U.S. West Coast, and hopes to transport more than 110,000 people per year in the route.
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2091.0
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2023-11-22 00:00:00 UTC
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Noteworthy Wednesday Option Activity: AAL, DAL, KHC
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AAL
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-aal-dal-khc
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 158,545 contracts has been traded thus far today, a contract volume which is representative of approximately 15.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.2% of AAL's average daily trading volume over the past month, of 34.3 million shares. Particularly high volume was seen for the $12.50 strike put option expiring November 24, 2023, with 18,375 contracts trading so far today, representing approximately 1.8 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $12.50 strike highlighted in orange:
Delta Air Lines Inc (Symbol: DAL) options are showing a volume of 42,495 contracts thus far today. That number of contracts represents approximately 4.2 million underlying shares, working out to a sizeable 44.2% of DAL's average daily trading volume over the past month, of 9.6 million shares. Particularly high volume was seen for the $37 strike call option expiring November 24, 2023, with 6,758 contracts trading so far today, representing approximately 675,800 underlying shares of DAL. Below is a chart showing DAL's trailing twelve month trading history, with the $37 strike highlighted in orange:
And Kraft Heinz Co (Symbol: KHC) saw options trading volume of 33,594 contracts, representing approximately 3.4 million underlying shares or approximately 43.8% of KHC's average daily trading volume over the past month, of 7.7 million shares. Especially high volume was seen for the $35 strike call option expiring December 01, 2023, with 25,159 contracts trading so far today, representing approximately 2.5 million underlying shares of KHC. Below is a chart showing KHC's trailing twelve month trading history, with the $35 strike highlighted in orange:
For the various different available expirations for AAL options, DAL options, or KHC options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
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USCB shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $12.50 strike put option expiring November 24, 2023, with 18,375 contracts trading so far today, representing approximately 1.8 million underlying shares of AAL. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 158,545 contracts has been traded thus far today, a contract volume which is representative of approximately 15.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.2% of AAL's average daily trading volume over the past month, of 34.3 million shares.
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Particularly high volume was seen for the $12.50 strike put option expiring November 24, 2023, with 18,375 contracts trading so far today, representing approximately 1.8 million underlying shares of AAL. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 158,545 contracts has been traded thus far today, a contract volume which is representative of approximately 15.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.2% of AAL's average daily trading volume over the past month, of 34.3 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 158,545 contracts has been traded thus far today, a contract volume which is representative of approximately 15.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.2% of AAL's average daily trading volume over the past month, of 34.3 million shares. Particularly high volume was seen for the $12.50 strike put option expiring November 24, 2023, with 18,375 contracts trading so far today, representing approximately 1.8 million underlying shares of AAL.
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Particularly high volume was seen for the $12.50 strike put option expiring November 24, 2023, with 18,375 contracts trading so far today, representing approximately 1.8 million underlying shares of AAL. Below is a chart showing KHC's trailing twelve month trading history, with the $35 strike highlighted in orange: For the various different available expirations for AAL options, DAL options, or KHC options, visit StockOptionsChannel.com. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 158,545 contracts has been traded thus far today, a contract volume which is representative of approximately 15.9 million underlying shares (given that every 1 contract represents 100 underlying shares).
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2092.0
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2023-11-22 00:00:00 UTC
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Rocky Brands and Skyworks Solutions have been highlighted as Zacks Bull and Bear of the Day
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AAL
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https://www.nasdaq.com/articles/rocky-brands-and-skyworks-solutions-have-been-highlighted-as-zacks-bull-and-bear-of-the
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For Immediate Release
Chicago, IL – November 22, 2023 – Zacks Equity Research shares Rocky Brands RCKY as the Bull of the Day and Skyworks Solutions SWKS as the Bear of the Day. In addition, Zacks Equity Research provides analysis on American Airlines Group Inc. AAL, United Airlines Holdings, Inc. UAL and Delta Air Lines, Inc. DAL.
Here is a synopsis of all five stocks:
Bull of the Day:
Boasting a Zacks Rank #1 (Strong Buy) and landing the Bull of the Day, Rocky Brands is a trending retail apparel stock to consider right now. Rocky Brands' Zacks Shoes and Retail Apparel Industry is currently in the top 16% of over 250 Zacks industries with other standouts including Adidas and Skechers.
However, after crushing third quarter top and bottom line expectations earlier in the month the strengthening outlook of Rocky Brands may be the most compelling at the moment.
Q3 Review: As a leading provider of premium quality footwear and apparel Rocky Brands Q3 earnings of $1.09 per share impressively topped the Zacks Consensus of $0.31 a share by a whopping 251%. Plus, sales of $125.61 million came in 11% better than expected.
Rocky Brands attributed the strong results to product improvement which resulted in reduced inventory levels and an acceleration in at-once orders from key wholesale partners with some of the company's brands including Rocky Outdoor Gear, Durango, and Dickies.
Year over year, Rocky Brands' Q3 earnings soared 47% from $0.74 a share in the prior year quarter despite sales falling -15%. Amid broader economic headwinds, Rocky Brands' retail segment sales did increase 4.7% YoY which is a great sign as the holiday shopping season is upon us and inventories decreased 26.5% from a year ago.
Soaring Earnings Estimates: Alluding to more upside in Rocky Brands stock is that annual earnings estimates have soared over the last 30 days. Fiscal 2023 earnings estimates have skyrocketed 132% to $1.74 a share compared to estimates of $0.75 per share a month ago. Even better, FY24 EPS estimates have climbed 53% to $2.55 per share compared to estimates of $1.66 a share 30 days ago.
Attractive Valuation: Trading around $25 a share, Rocky Brands stock is up a respectable +8% this year and the company's P/E valuation also points to the plausibility of more upside. Supported by rising EPS estimates Rocky Brands stock trades at a 14.8X forward earnings multiple which is a slight discount to its industry average of 15.2X and nicely beneath the S&P 500's 21.3X.
Generous Dividend: Rocky Brands may not be as renowned as some of its well-known industry peers like Nike (NKE), Adidas, or even Skechers but the company's payout to shareholders shouldn't be overlooked.
Rocky Brands' 2.4% annual dividend yield is above the benchmark's 1.42% average and easily tops Adidas' 0.24% and Nike's 1.28% while Skechers doesn't offer a payout at the moment.
Bottom Line
With the holiday shopping season beginning, Rocky Brands stock is very attractive and now may be an ideal time to buy RCKY shares after the company's very impressive Q3 report showed increased profitability, product improvement, and reduced inventory.
Bear of the Day:
Providing a broad range of high-performance analog and mixed-signal semiconductors, the long-term outlook of Skyworks Solutions is still favorable but short-term risks lie ahead.
Specifically, Skyworks products are used in applications within the aerospace, automotive, broadband, and cellular infrastructure markets among others that relate to radio frequency.
Unfortunately, the Zacks Semiconductors-Radio Frequency Industry is currently in the bottom 14% of over 250 Zacks industries and investors may want to be cautious of Skyworks' stock at the moment which lands a Zacks Rank #5 (Strong Sell) and the Bear of the Day.
Industry Challenges & Declining Earnings Estimates
Broader economic uncertainties including higher inflation and rising interest rates have had a dismal effect on the companies within the Zacks Semiconductors-Radio Frequency Industry most notably Skyworks and Akoustis Technologies (AKTS).
Declining earnings estimates are indicative of such and suggest more short-term weakness ahead with Skyworks starting to take the brunt of its industry's weakening outlook as a leader in the space. To that point, earnings estimates for Skyworks' current fiscal 2024 have fallen -19% in the last 30 days from $8.95 per share to $7.21 a share. More concerning, FY25 EPS estimates have dropped -16% over the last month from $10.41 per share to $8.70 a share.
Stagnant Price Performance
Making the glaring drop in annual earnings estimates look even more bleak is that Skyworks' price performance and the inflationary recovery of the Semiconductor-Radio Frequency Industry have largely trailed the broader indexes.
While the S&P 500 and Nasdaq have rebounded and soared +19% and +36% this year respectively Skyworks' stock is up a modest +3% with its Zacks Subindustry down -2%. Furthermore, over the last three years, Skyworks stock is still down -32% and its Zacks Subindustry has fallen -44% to largely trail the S&P 500's +27% and the Nasdaq's +19%.
Bottom Line
Given the poor price performance of Skyworks stock over the last few years the large decline in annual earnings estimates in the last month is definitely concerning. It appears that selling or avoiding Skyworks stock may be the right move at the moment as there could be much better opportunities ahead.
Additional content:
3 Airline Stocks in Focus Ahead of Thanksgiving
Soaring fuel and labor costs have been eating into the profits of airlines, but the holiday season is expected to turn things in favor of airline companies. The holiday season is an important window for airlines to boost revenues, and this Thanksgiving holiday period is expected to be one of the busiest ones in recent times.
Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc., United Airlines Holdings, Inc. and Delta Air Lines, Inc..
Thanksgiving Travel to Soar
Airlines took a major hit during the peak of the pandemic and the year after that as travel came to a standstill. However, the industry has since recovered from historic lows and is now gearing up for the upcoming holiday season, which is projected to see a record volume of passenger traffic.
A staggering 30 million passengers are expected to be screened between Nov 17 and Nov 28, hitting a record high, the Transportation Security Administration said.
The Sunday following Thanksgiving is projected to be the busiest day within this timeframe, with an estimated 2.9 million passengers expected to travel by air.
Weather played spoilsport last year during this time, compelling several airlines to cancel thousands of flights across the country. However, most airlines this year are ready to handle the situation more efficiently.
According to the Federal Aviation Administration, Thanksgiving flights are expected to peak at 49,606 on the Wednesday preceding the holiday, surpassing last year's record of 48,192.
Expectations of record passenger traffic are high this year, particularly after airlines recorded robust traffic volumes during the Labor Day weekend.
Pent-up demand has soared since the removal of the pandemic-induced restrictions. Although higher fuel and labor costs have been posing major challenges for the airline industry, optimism is high surrounding air travel this year.
This has seen airlines gearing up to accommodate more passengers and adding 253,000 more seats per day during the period. Also, lucrative discounts are being offered to lure flyers.
According to flight-tracking site Hopper, Thanksgiving flight deals are currently averaging $248 for domestic round trips. This reflects a decrease from $271 last year and $276 in 2019, the pre-pandemic time.
According to the latest U.S. inflation report from the Department of Labor, overall airfare has declined more than 13%.
Our Choices
Given this situation, it would be ideal to invest in airline stocks.
American Airlines Group Inc.'s wholly owned subsidiaries are American Airlines, Envoy Aviation Group, PSA Airlines and Piedmont Airlines. AAL's primary business is to provide passenger and cargo services.
American Airlines Group's expected earnings growth rate for the current year is 378%. Shares of AAL have gained 7.3% in the past 30 days. American Airlines Grouppresently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
United Airlines Holdings, Inc. transports people and cargo not only throughout North America but also to destinations in Asia, Europe, the Middle East and Latin America. UAL's hubs are at Newark Liberty International Airport, Chicago O'Hare International Airport, Denver International Airport, George Bush Intercontinental Airport, Los Angeles International Airport, A.B. Won Pat International Airport, San Francisco International Airport and Washington Dulles International Airport.
United Airlines Holdings' expected earnings growth rate for the current year is 286.9%. Shares of UAL have gained 10.4% in the past 30 days. United Airlines Holdings presently has a Zacks Rank #3.
Delta Air Lines, Inc. is one of the four carriers that controls the majority of the U.S. aviation market (the carriers account for more than 60% of the domestic market share).
Delta Air Lines' expected earnings growth rate for the current year is 90.6%. Shares of Dal have gained 10.2% in the past 30 days. Delta Air Lines currently has a Zacks Rank #3.
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Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, Zacks Equity Research provides analysis on American Airlines Group Inc. AAL, United Airlines Holdings, Inc. UAL and Delta Air Lines, Inc. DAL. AAL's primary business is to provide passenger and cargo services. Shares of AAL have gained 7.3% in the past 30 days.
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In addition, Zacks Equity Research provides analysis on American Airlines Group Inc. AAL, United Airlines Holdings, Inc. UAL and Delta Air Lines, Inc. DAL. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL's primary business is to provide passenger and cargo services.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on American Airlines Group Inc. AAL, United Airlines Holdings, Inc. UAL and Delta Air Lines, Inc. DAL. AAL's primary business is to provide passenger and cargo services.
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In addition, Zacks Equity Research provides analysis on American Airlines Group Inc. AAL, United Airlines Holdings, Inc. UAL and Delta Air Lines, Inc. DAL. AAL's primary business is to provide passenger and cargo services. Shares of AAL have gained 7.3% in the past 30 days.
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2093.0
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2023-11-22 00:00:00 UTC
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3 Airline Stocks to Keep an Eye on This Thanksgiving Holiday
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AAL
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https://www.nasdaq.com/articles/3-airline-stocks-to-keep-an-eye-on-this-thanksgiving-holiday
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nan
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nan
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Americans are certainly expected to travel this Thanksgiving holiday span, thanks to a strong labor market and price pressures cooling from last year’s record highs. Compared to last year, a greater number of Americans are likely to take to the skies for Thanksgiving.
As per the American Automobile Association (AAA), more than 55 million travelers are forecast to travel for Thanksgiving, which is an increase of 2.3% from last year. Most importantly, AAA predicted that 4.7 million travelers will be flying this holiday period, and that’s 290,000 more compared to the same period last year.
This year, the number of those traveling by plane will be the highest since 2005, added AAA. Similarly, Airlines for America (A4A) predicts that almost 30 million travelers are expected to fly over the Thanksgiving traveling period (Nov 17-27), which is in itself a record high.
What’s more, nearly 2.7 million Americans will be flying per day during the Thanksgiving traveling period, a 9% jump from last year. Precisely, the Sunday after Thanksgiving, or Nov 26, is expected to be the busiest day for the airports since a record-setting 3.2 million Americans will be flying on that day.
Now, with the Thanksgiving holiday span poised to be one of the most traveled periods by plane, airline stocks such as Delta Air Lines DAL, American Airlines AAL and United Airlines UAL could get the much-needed boost.
Thus, investors should keep a tab on these stocks at the moment. After all, these airliners have a strong network of domestic routes in the United States and are aggressively hiring people to fulfill the unparalleled travel volume.
Delta Air Lines has now begun to pay dividends to its shareholders following a coronavirus-induced hiatus. It has a dividend yield of 1.1%. In the past 5-year period, DAL has increased its dividend once, and its payout ratio presently sits at 6% of earnings. Check Delta Air Lines’ dividend history here.
The company also has a heartening liquidity position. The company’s expected earnings growth rate for the current year is 90.6%. DAL’s projected earnings growth rate for the next five-year period is 10.7%. The company has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines has posted encouraging earnings results in its latest reporting quarter. The company’s consolidated traffic has increased in recent times amid high air travel demand.
The company’s expected earnings growth rate for the current year is 378%. AAL’s projected earnings growth rate for the next five-year period is 54.6%. The company has a Zacks Rank #3.
United Airlines’ initiatives to constantly add fleets is a major tailwind at present, mostly due to the uptick in air travel demand. Its revenues for the first nine-month period of this year have already increased compared to last year.
The company’s expected earnings growth rate for the current year is 286.9%. UAL’s projected earnings growth rate for the next five-year period is 46.5%. The company has a Zacks Rank #3.
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See This Stock Now for Free >>
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Now, with the Thanksgiving holiday span poised to be one of the most traveled periods by plane, airline stocks such as Delta Air Lines DAL, American Airlines AAL and United Airlines UAL could get the much-needed boost. AAL’s projected earnings growth rate for the next five-year period is 54.6%. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Now, with the Thanksgiving holiday span poised to be one of the most traveled periods by plane, airline stocks such as Delta Air Lines DAL, American Airlines AAL and United Airlines UAL could get the much-needed boost. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL’s projected earnings growth rate for the next five-year period is 54.6%.
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Now, with the Thanksgiving holiday span poised to be one of the most traveled periods by plane, airline stocks such as Delta Air Lines DAL, American Airlines AAL and United Airlines UAL could get the much-needed boost. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL’s projected earnings growth rate for the next five-year period is 54.6%.
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Now, with the Thanksgiving holiday span poised to be one of the most traveled periods by plane, airline stocks such as Delta Air Lines DAL, American Airlines AAL and United Airlines UAL could get the much-needed boost. AAL’s projected earnings growth rate for the next five-year period is 54.6%. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2094.0
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2023-11-21 00:00:00 UTC
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The 3 Most Undervalued Long-Term Stocks to Buy: November 2023
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AAL
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https://www.nasdaq.com/articles/the-3-most-undervalued-long-term-stocks-to-buy%3A-november-2023
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The stock market’s rebound is offering plenty of bargains for investors hunting for value. When the market declined for three consecutive months from August to October, investors saw stock prices and valuations pushed down.
Also, the gains seen in the market this year have been concentrated in a handful of mega-cap technology stocks. Most of them are tied to artificial intelligence (AI).
Consequently, plenty of well-known stocks are looking undervalued at current levels. Investors who pounce now are sure to be rewarded as the market rally broadens and a rising tide lifts all boats. Let’s examine the three most undervalued long-term stocks to buy this month.
American Airlines (AAL)
Source: GagliardiPhotography / Shutterstock.com
Since U.S. airline travel is now back above pre-pandemic levels, investing in American Airlines (NASDAQ:AAL), the largest carrier in the world, would be prudent. Unbeknownst to most investors, a complete recovery in air travel has occurred, and the number of people flying today is now above 2019 levels before the Covid-19 crisis struck. In fact, the number of airline passengers recently exceeded 2019 levels for a record 68 consecutive days.
However, American Airlines yet to recover from the ravages of the pandemic. AAL stock is down 12% over the last year and trading 66% lower than five years ago. Currently, the company’s share price is near its 52-week low. It appears cheap, trading at just five times future earnings estimates. The stock was knocked lower after the company posted a loss for this year’s third-quarter and lowered its profit outlook for the remainder of the year.
American Airlines has been challenged by a new contract with its 15,000 pilots. The deal provides them with more than $9 billion of additional pay and benefits. Also, rising crude oil prices made jet fuel more expensive. But with air travel now back above pre-pandemic levels and oil prices falling to below $75 a barrel, a rebound could be in the cards for AAL stock.
Walmart (WMT)
Source: Jonathan Weiss / Shutterstock.com
Investors who search for buy-the-dip opportunities need look no further than Walmart’s (NYSE:WMT), which recently issued its Q3 results.
WMT stock fell 7% immediately after the company provided cautious guidance for the current fourth quarter of the year and the holiday shopping season. Surely, WMT’s Q3 financial results beat Wall Street forecasts, with the company reporting earnings per share (EPS) of $1.53 versus $1.52 that was expected. Revenue totaled $160.80 billion compared to $159.72 billion anticipated.
Walmart claims a boost from grocery sales, which have been strong during a period of high inflation. Customer transactions during Q3 rose 3.4%, with the average ticket price growing 1.5%. Also, e-commerce sales increased 24% year over year (YOY).
However, Walmart provided a cautious outlook, saying consumer spending is weakening heading into the holidays. The company now expects EPS of $6.40 to $6.48 for the entire year, below analysts’ expectations.
Before the Q3 print, WMT stock had increased 18% this year and was trading at an all-time high. Investors would be smart to take advantage of the post-earnings pullback and buy shares in this leading retailer.
eBay (EBAY)
Source: BigTunaOnline / Shutterstock.com
Shares of eBay (NASDAQ:EBAY) took a hit after the e-commerce company reported its Q3 results. Down 12% over the last year, including a 5% decline in 2023, EBAY stock looks undervalued.
The shares currently trade at just seven times future earnings estimates, which is especially low for a technology company. And, unlike most tech stocks, eBay pays a quarterly dividend to its shareholders. EBAY’s dividend payout is currently 25 cents a share each quarter, giving it a generous yield of 2.50%.
Similar to Walmart, EBAY stock took a hit after the company provided disappointing forward guidance, which overshadowed the fact that the company beat Wall Street forecasts with its Q3 print. The company announced Q3 revenue of $2.5 billion, up 5% from a year ago and in line with analyst forecasts. EPS came in at $1.03, topping consensus estimates of $1. EBAY said it’s seeing strong demand for a new feature that uses artificial intelligence (AI) to help customers write product descriptions.
If it weren’t for the lowered guidance, EBAY stock might be flying high right now. Also, the company continues to return cash to shareholders, buying back $651 million of stock in Q3. It is committing to returning 125% of free cash flow to shareholders through 2024. Investors should take advantage and buy this stock while it’s still undervalued.
On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post The 3 Most Undervalued Long-Term Stocks to Buy: November 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com Since U.S. airline travel is now back above pre-pandemic levels, investing in American Airlines (NASDAQ:AAL), the largest carrier in the world, would be prudent. AAL stock is down 12% over the last year and trading 66% lower than five years ago. But with air travel now back above pre-pandemic levels and oil prices falling to below $75 a barrel, a rebound could be in the cards for AAL stock.
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American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com Since U.S. airline travel is now back above pre-pandemic levels, investing in American Airlines (NASDAQ:AAL), the largest carrier in the world, would be prudent. AAL stock is down 12% over the last year and trading 66% lower than five years ago. But with air travel now back above pre-pandemic levels and oil prices falling to below $75 a barrel, a rebound could be in the cards for AAL stock.
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American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com Since U.S. airline travel is now back above pre-pandemic levels, investing in American Airlines (NASDAQ:AAL), the largest carrier in the world, would be prudent. AAL stock is down 12% over the last year and trading 66% lower than five years ago. But with air travel now back above pre-pandemic levels and oil prices falling to below $75 a barrel, a rebound could be in the cards for AAL stock.
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AAL stock is down 12% over the last year and trading 66% lower than five years ago. American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com Since U.S. airline travel is now back above pre-pandemic levels, investing in American Airlines (NASDAQ:AAL), the largest carrier in the world, would be prudent. But with air travel now back above pre-pandemic levels and oil prices falling to below $75 a barrel, a rebound could be in the cards for AAL stock.
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2095.0
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2023-11-21 00:00:00 UTC
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Eastern US storm set to disrupt year's busiest travel period
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AAL
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https://www.nasdaq.com/articles/eastern-us-storm-set-to-disrupt-years-busiest-travel-period
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nan
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nan
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By Gabriella Borter and David Shepardson
WASHINGTON, Nov 21 (Reuters) - A severe storm system moving up the eastern seaboard of the United States on Tuesday appeared likely to disrupt the busiest travel period of the year, with more than 55 million people expected to travel before the Thanksgiving holiday.
Thunderstorms were forecast from the lower Mississippi Valley to the mid-Atlantic region from Tuesday through Wednesday morning, while snow was expected to fall on parts of northern New England, according to the U.S. National Weather Service.
The severe weather was likely to cause delays and additional congestion during what the AAA group expects to be the busiest travel period in the country since 2019, before the COVID-19 pandemic struck.
Most of those traveling were expected to drive, AAA said, possibly motivated by a drop in gasoline prices from 2022. Around 49 million people were expected to get behind the wheel between Nov. 22 and Nov. 26, up 1.7% from the corresponding period in 2022, AAA said.
The heaviest rain and worst driving conditions were likely to be concentrated around the Interstate 95 corridor between Washington and New York, from Tuesday night into early Wednesday morning, said Andrew Orrison, a meteorologist with the National Weather Service.
"You're going to have some ponding of water on the roads, especially for the major metropolitan areas," Orrison said.
TRAVEL BOUNCES BACK
The number of Americans traveling around the holidays has rebounded in full force since the pandemic stymied the travel industry in 2020, AAA's tracking shows.
The Federal Aviation Administration on Tuesday said the bad weather would likely cause delays at some airports. As of Tuesday afternoon, the flight tracking website Flightaware showed that 24 U.S. flights had been canceled and nearly 1,800 delayed out of more than 48,000 estimated scheduled flights.
Industry group Airlines for America forecast that U.S. airlines would carry some 29.9 million passengers between Nov. 17 and Nov. 27. That would be an all-time high, up 9% over the 27.5 million in the same period last year and up 1.7 million passengers over pre-COVID record levels.
"We have never seen that many people fly over Thanksgiving before, so I encourage everyone who's going to be traveling to pack your patience," spokesperson Rebecca Spicer said in a video address on the group's website.
(Reporting by Gabriella Borter and David Shepardson; Editing by Mark Porter)
((Gabriella.Borter@thomsonreuters.com; 646 223 5942;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Thunderstorms were forecast from the lower Mississippi Valley to the mid-Atlantic region from Tuesday through Wednesday morning, while snow was expected to fall on parts of northern New England, according to the U.S. National Weather Service. The heaviest rain and worst driving conditions were likely to be concentrated around the Interstate 95 corridor between Washington and New York, from Tuesday night into early Wednesday morning, said Andrew Orrison, a meteorologist with the National Weather Service. "We have never seen that many people fly over Thanksgiving before, so I encourage everyone who's going to be traveling to pack your patience," spokesperson Rebecca Spicer said in a video address on the group's website.
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By Gabriella Borter and David Shepardson WASHINGTON, Nov 21 (Reuters) - A severe storm system moving up the eastern seaboard of the United States on Tuesday appeared likely to disrupt the busiest travel period of the year, with more than 55 million people expected to travel before the Thanksgiving holiday. The severe weather was likely to cause delays and additional congestion during what the AAA group expects to be the busiest travel period in the country since 2019, before the COVID-19 pandemic struck. The number of Americans traveling around the holidays has rebounded in full force since the pandemic stymied the travel industry in 2020, AAA's tracking shows.
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By Gabriella Borter and David Shepardson WASHINGTON, Nov 21 (Reuters) - A severe storm system moving up the eastern seaboard of the United States on Tuesday appeared likely to disrupt the busiest travel period of the year, with more than 55 million people expected to travel before the Thanksgiving holiday. The severe weather was likely to cause delays and additional congestion during what the AAA group expects to be the busiest travel period in the country since 2019, before the COVID-19 pandemic struck. The heaviest rain and worst driving conditions were likely to be concentrated around the Interstate 95 corridor between Washington and New York, from Tuesday night into early Wednesday morning, said Andrew Orrison, a meteorologist with the National Weather Service.
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By Gabriella Borter and David Shepardson WASHINGTON, Nov 21 (Reuters) - A severe storm system moving up the eastern seaboard of the United States on Tuesday appeared likely to disrupt the busiest travel period of the year, with more than 55 million people expected to travel before the Thanksgiving holiday. The severe weather was likely to cause delays and additional congestion during what the AAA group expects to be the busiest travel period in the country since 2019, before the COVID-19 pandemic struck. Around 49 million people were expected to get behind the wheel between Nov. 22 and Nov. 26, up 1.7% from the corresponding period in 2022, AAA said.
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2096.0
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2023-11-21 00:00:00 UTC
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Eastern US storms could disrupt year's busiest travel period
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AAL
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https://www.nasdaq.com/articles/eastern-us-storms-could-disrupt-years-busiest-travel-period
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nan
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nan
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Nov 21 (Reuters) - Severe weather moving across the eastern half of the United States on Tuesday appeared likely to disrupt the busiest travel period of the year, with more than 55 million people expected to travel by bus, train or plane before the Thanksgiving holiday.
Thunderstorms were forecast from the lower Mississippi Valley to the mid-Atlantic region between Tuesday night and Wednesday morning, while snow was expected to fall on parts of New England, according to the U.S. National Weather Service.
The severe weather was likely to cause delays and additional congestion during what the AAA group expects to be the busiest travel period in the country since 2019, before the COVID-19 pandemic struck.
Most of those traveling were expected to drive, AAA said, possibly motivated by a drop in gasoline prices from 2022. Around 49 million people were expected to get behind the wheel between Nov. 22 and Nov. 26, up 1.7% from the corresponding period in 2022, AAA said.
The number of Americans traveling around the holidays has rebounded in full force since the pandemic stymied the travel industry in 2020, AAA's tracking shows.
The Federal Aviation Administration on Tuesday said the bad weather would likely cause delays at some airports. As of Tuesday morning, the flight tracking website Flightaware showed that only nine U.S. flights had been canceled and 850 delayed out of more than 48,000 estimated scheduled flights.
Industry group Airlines for America forecast that U.S. airlines would carry some 29.9 million passengers between Nov. 17 and Nov. 27. That would be an all-time high, up 9% over the 27.5 million in the same period last year and up 1.7 million passengers over pre-COVID record levels.
"We have never seen that many people fly over Thanksgiving before, so I encourage everyone who's going to be traveling to pack your patience," spokesperson Rebecca Spicer said in a video address on the group's website.
(Reporting by Gabriella Borter and David Shepardson; Editing by Mark Porter)
((Gabriella.Borter@thomsonreuters.com; 646 223 5942;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Thunderstorms were forecast from the lower Mississippi Valley to the mid-Atlantic region between Tuesday night and Wednesday morning, while snow was expected to fall on parts of New England, according to the U.S. National Weather Service. The severe weather was likely to cause delays and additional congestion during what the AAA group expects to be the busiest travel period in the country since 2019, before the COVID-19 pandemic struck. "We have never seen that many people fly over Thanksgiving before, so I encourage everyone who's going to be traveling to pack your patience," spokesperson Rebecca Spicer said in a video address on the group's website.
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Nov 21 (Reuters) - Severe weather moving across the eastern half of the United States on Tuesday appeared likely to disrupt the busiest travel period of the year, with more than 55 million people expected to travel by bus, train or plane before the Thanksgiving holiday. The severe weather was likely to cause delays and additional congestion during what the AAA group expects to be the busiest travel period in the country since 2019, before the COVID-19 pandemic struck. As of Tuesday morning, the flight tracking website Flightaware showed that only nine U.S. flights had been canceled and 850 delayed out of more than 48,000 estimated scheduled flights.
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Nov 21 (Reuters) - Severe weather moving across the eastern half of the United States on Tuesday appeared likely to disrupt the busiest travel period of the year, with more than 55 million people expected to travel by bus, train or plane before the Thanksgiving holiday. The severe weather was likely to cause delays and additional congestion during what the AAA group expects to be the busiest travel period in the country since 2019, before the COVID-19 pandemic struck. The number of Americans traveling around the holidays has rebounded in full force since the pandemic stymied the travel industry in 2020, AAA's tracking shows.
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The severe weather was likely to cause delays and additional congestion during what the AAA group expects to be the busiest travel period in the country since 2019, before the COVID-19 pandemic struck. Around 49 million people were expected to get behind the wheel between Nov. 22 and Nov. 26, up 1.7% from the corresponding period in 2022, AAA said. That would be an all-time high, up 9% over the 27.5 million in the same period last year and up 1.7 million passengers over pre-COVID record levels.
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2097.0
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2023-11-21 00:00:00 UTC
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3 Airline Stocks in Focus Ahead of Thanksgiving Travel Period
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AAL
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https://www.nasdaq.com/articles/3-airline-stocks-in-focus-ahead-of-thanksgiving-travel-period
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nan
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nan
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Soaring fuel and labor costs have been eating into the profits of airlines, but the holiday season is expected to turn things in favor of airline companies. The holiday season is an important window for airlines to boost revenues, and this Thanksgiving holiday period is expected to be one of the busiest ones in recent times.
Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, United Airlines Holdings, Inc. UAL and Delta Air Lines, Inc. DAL.
Thanksgiving Travel to Soar
Airlines took a major hit during the peak of the pandemic and the year after that as travel came to a standstill. However, the industry has since recovered from historic lows and is now gearing up for the upcoming holiday season, which is projected to see a record volume of passenger traffic.
A staggering 30 million passengers are expected to be screened between Nov 17 and Nov 28, hitting a record high, the Transportation Security Administration said.
The Sunday following Thanksgiving is projected to be the busiest day within this timeframe, with an estimated 2.9 million passengers expected to travel by air.
Weather played spoilsport last year during this time, compelling several airlines to cancel thousands of flights across the country. However, most airlines this year are ready to handle the situation more efficiently. Southwest Airlines LUV particularly is winter-ready this time around after it had to cancel 16,700 flights last year.
According to the Federal Aviation Administration, Thanksgiving flights are expected to peak at 49,606 on the Wednesday preceding the holiday, surpassing last year's record of 48,192.
Expectations of record passenger traffic are high this year, particularly after airlines recorded robust traffic volumes during the Labor Day weekend.
Pent-up demand has soared since the removal of the pandemic-induced restrictions. Although higher fuel and labor costs have been posing major challenges for the airline industry, optimism is high surrounding air travel this year.
This has seen airlines gearing up to accommodate more passengers and adding 253,000 more seats per day during the period. Also, lucrative discounts are being offered to lure flyers.
According to flight-tracking site Hopper, Thanksgiving flight deals are currently averaging $248 for domestic round trips. This reflects a decrease from $271 last year and $276 in 2019, the pre-pandemic time.
According to the latest U.S. inflation report from the Department of Labor, overall airfare has declined more than 13%.
Our Choices
Given this situation, it would be ideal to invest in airline stocks.
American Airlines Group Inc.’s wholly owned subsidiaries are American Airlines, Envoy Aviation Group, PSA Airlines and Piedmont Airlines. AAL’s primary business is to provide passenger and cargo services.
American Airlines Group’s expected earnings growth rate for the current year is 378%. Shares of AAL have gained 7.3% in the past 30 days. American Airlines Grouppresently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
United Airlines Holdings, Inc. transports people and cargo not only throughout North America but also to destinations in Asia, Europe, the Middle East and Latin America. UAL’s hubs are at Newark Liberty International Airport, Chicago O’Hare International Airport, Denver International Airport, George Bush Intercontinental Airport, Los Angeles International Airport, A.B. Won Pat International Airport, San Francisco International Airport and Washington Dulles International Airport.
United Airlines Holdings’ expected earnings growth rate for the current year is 286.9%. Shares of UAL have gained 10.4% in the past 30 days. United Airlines Holdings presently has a Zacks Rank #3.
Delta Air Lines, Inc. is one of the four carriers that controls the majority of the U.S. aviation market (the carriers account for more than 60% of the domestic market share).
Delta Air Lines’expected earnings growth rate for the current year is 90.6%. Shares of Dal have gained 10.2% in the past 30 days. Delta Air Linescurrently has a Zacks Rank #3.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, United Airlines Holdings, Inc. UAL and Delta Air Lines, Inc. DAL. AAL’s primary business is to provide passenger and cargo services. Shares of AAL have gained 7.3% in the past 30 days.
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Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, United Airlines Holdings, Inc. UAL and Delta Air Lines, Inc. DAL. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL’s primary business is to provide passenger and cargo services.
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Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, United Airlines Holdings, Inc. UAL and Delta Air Lines, Inc. DAL. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL’s primary business is to provide passenger and cargo services.
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Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, United Airlines Holdings, Inc. UAL and Delta Air Lines, Inc. DAL. AAL’s primary business is to provide passenger and cargo services. Shares of AAL have gained 7.3% in the past 30 days.
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2098.0
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2023-11-20 00:00:00 UTC
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Airlines Ready for Record Thanksgiving Travel: ETF in Focus
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AAL
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https://www.nasdaq.com/articles/airlines-ready-for-record-thanksgiving-travel%3A-etf-in-focus
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nan
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nan
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Airlines are gearing up for an exceptional Thanksgiving travel season as the Transportation Security Administration (TSA) anticipates screening 30 million passengers from November 17 to November 28, a historic high. The Sunday following Thanksgiving is expected to be the peak day, with approximately 2.9 million passengers taking flight, as quoted on CNBC. This puts U.S. Global Jets ETF JETS at a sweet spot.
The year-end holidays represent a crucial period for airlines to bolster their revenues, especially since outside of peak holiday seasons, airlines tend to resort to fare discounts or reduce growth as post-pandemic travel returns to normal. Nonetheless, challenges loom, including higher fuel and labor costs eating into profits, making holiday success crucial.
Thanksgiving: A Test for the Aviation Industry
Thanksgiving will serve as a litmus test for the aviation industry's ability to manage the year-end holidays amidst challenges like a prolonged shortage of air traffic controllers. The Federal Aviation Administration expects Thanksgiving flights to peak at 49,606 on the Wednesday before the holiday, an increase from last year. Delta Air Lines DAL, United UAL, and American Airlines AAL expect significant passenger growth compared to previous years.
Industry-Wide Preparations
Preparation efforts extend across the industry, with United Airlines beginning winter readiness plans in the summer. United has also enhanced its mobile app with self-service tools for rebooking during disruptions and real-time flight information. Additionally, they've introduced a new boarding order in economy class to reduce boarding times.
Airlines' Commitment to Weather Readiness
Weather readiness is paramount, especially for Southwest Airlines, which faced significant disruptions due to winter weather. The airline has invested in de-icing capabilities and technology to improve crew rescheduling during disruptions. Southwest's Chief Operating Officer Andrew Watterson emphasizes the need for airlines to keep moving to prevent issues.
Affordable Thanksgiving Travel
In a pleasant surprise for travelers, many Thanksgiving flight deals are more affordable this year. Airlines have increased their services in recent months, offering relief to consumers dealing with higher interest rates and inflation. The average cost of domestic round-trip Thanksgiving flights is down to $248 from last year's $271 and 2019's $276, according to Hopper, as quoted on CNBC. The Department of Labor's report also shows a more than 13% decrease in airfare.
JETS ETF in Focus
The underlying U.S. Global Jets Index tracks the performance of Airline Companies across the globe with an emphasis on domestic passenger airlines. Delta Airlines (11.40%), Southwest Airlines (10.26%), United Airlines (10.10%) are the top three holdings of the fund. The fund charges 60 bps in fees and has added 7.2% past week (as of Nov 17, 2023).
(Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Delta Air Lines DAL, United UAL, and American Airlines AAL expect significant passenger growth compared to previous years. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report U.S. Nonetheless, challenges loom, including higher fuel and labor costs eating into profits, making holiday success crucial.
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Delta Air Lines DAL, United UAL, and American Airlines AAL expect significant passenger growth compared to previous years. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report U.S. Global Jets ETF (JETS): ETF Research Reports To read this article on Zacks.com click here.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report U.S. Delta Air Lines DAL, United UAL, and American Airlines AAL expect significant passenger growth compared to previous years. The year-end holidays represent a crucial period for airlines to bolster their revenues, especially since outside of peak holiday seasons, airlines tend to resort to fare discounts or reduce growth as post-pandemic travel returns to normal.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report U.S. Delta Air Lines DAL, United UAL, and American Airlines AAL expect significant passenger growth compared to previous years. The Federal Aviation Administration expects Thanksgiving flights to peak at 49,606 on the Wednesday before the holiday, an increase from last year.
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2099.0
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2023-11-20 00:00:00 UTC
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Consumer Sector Update for 11/20/2023: PARA, AAL, CCEP
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AAL
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https://www.nasdaq.com/articles/consumer-sector-update-for-11-20-2023%3A-para-aal-ccep
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nan
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nan
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Consumer stocks were mixed pre-bell on Monday. The SPDR Consumer Staples Select Sector ETF (XLP) was down 0.2%, while the SPDR Consumer Discretionary Select Stock ETF (XLY) was marginally higher.
In company news, Paramount (PARA) on Friday disclosed the pricing terms for its tender offers to purchase up to $540.9 million of its 4% senior notes due 2026, 2.9% senior notes due 2027, and 3.375% senior notes due 2028. The company's shares were up 1.4%.
American Airlines Group (AAL) was down 0.3% after its American Airlines unit said late Friday it priced an offering of $1 billion of its 8.50% senior secured notes due 2029, upsized by $250 million from the previously announced offering.
Coca-Cola Europacific Partners (CCEP) was down 0.1% after it and Aboitiz Equity Ventures said Monday they entered into a definitive agreement to acquire Coca-Cola Beverages Philippines from Coca-Cola (KO).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group (AAL) was down 0.3% after its American Airlines unit said late Friday it priced an offering of $1 billion of its 8.50% senior secured notes due 2029, upsized by $250 million from the previously announced offering. The SPDR Consumer Staples Select Sector ETF (XLP) was down 0.2%, while the SPDR Consumer Discretionary Select Stock ETF (XLY) was marginally higher. In company news, Paramount (PARA) on Friday disclosed the pricing terms for its tender offers to purchase up to $540.9 million of its 4% senior notes due 2026, 2.9% senior notes due 2027, and 3.375% senior notes due 2028.
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American Airlines Group (AAL) was down 0.3% after its American Airlines unit said late Friday it priced an offering of $1 billion of its 8.50% senior secured notes due 2029, upsized by $250 million from the previously announced offering. The SPDR Consumer Staples Select Sector ETF (XLP) was down 0.2%, while the SPDR Consumer Discretionary Select Stock ETF (XLY) was marginally higher. In company news, Paramount (PARA) on Friday disclosed the pricing terms for its tender offers to purchase up to $540.9 million of its 4% senior notes due 2026, 2.9% senior notes due 2027, and 3.375% senior notes due 2028.
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American Airlines Group (AAL) was down 0.3% after its American Airlines unit said late Friday it priced an offering of $1 billion of its 8.50% senior secured notes due 2029, upsized by $250 million from the previously announced offering. The SPDR Consumer Staples Select Sector ETF (XLP) was down 0.2%, while the SPDR Consumer Discretionary Select Stock ETF (XLY) was marginally higher. In company news, Paramount (PARA) on Friday disclosed the pricing terms for its tender offers to purchase up to $540.9 million of its 4% senior notes due 2026, 2.9% senior notes due 2027, and 3.375% senior notes due 2028.
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American Airlines Group (AAL) was down 0.3% after its American Airlines unit said late Friday it priced an offering of $1 billion of its 8.50% senior secured notes due 2029, upsized by $250 million from the previously announced offering. Consumer stocks were mixed pre-bell on Monday. The SPDR Consumer Staples Select Sector ETF (XLP) was down 0.2%, while the SPDR Consumer Discretionary Select Stock ETF (XLY) was marginally higher.
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