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3000.0
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2023-01-13 00:00:00 UTC
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The Zacks Analyst Blog Highlights Jinko Solar, American Airlines and Exact Sciences
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AAL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-jinko-solar-american-airlines-and-exact-sciences
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nan
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nan
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For Immediate Release
Chicago, IL – January 13, 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: Jinko Solar JKS, American Airlines AAL and Exact Sciences EXAS.
Here are highlights from Thursday’s Analyst Blog:
3 Top Stocks Already Up More than +20% in 2023
The market has started 2023 off on the right foot, with many stocks finding buyers year-to-date.
While we’ve flipped the calendar to a fresh year, the forces that negatively impacted the market in 2022 remain at the forefront of investors’ concerns, namely the Fed’s pivot to a hawkish nature in an attempt to cool down inflation.
And this morning, we received the latest Consumer Price Index (CPI) print, which revealed that the index rose 6.5% in December on a year-over-year basis. Further, Core CPI (which doesn’t include energy and food prices) climbed 5.7% year-over-year, precisely in line with estimates.
While the market digests the news, several stocks – Jinko Solar, American Airlines and Exact Sciences – have entirely ignored the market’s concerns, going on remarkably strong runs so far in 2023.
All three have enjoyed strong price action year-to-date. In addition, all three have seen their near-term earnings outlooks drift higher, providing the fuel needed to continue climbing.
Let’s take a closer look at each one.
Jinko Solar
Jinko Solar is a widely famous solar technology company with its business covering the core links of the photovoltaic industry chain.
Analysts have upped their earnings estimates for the company’s current and next fiscal year, helping land JKS into a Zacks Rank #1 (Strong Buy).
The company’s valuation multiples aren’t stretched; JKS shares currently trade at a 9.4X forward earnings multiple, well beneath the 12.2X five-year median and the Zacks Energy – Alternate Sources industry average of 20.4X.
Jinko Solar carries a Style Score of “A” for Value.
Growth is more than apparent, with the Zacks Consensus EPS Estimate of $3.70 for its current fiscal year (FY22) suggesting an improvement of more than 115% Y/Y. And in FY23, estimates indicate a further 93% of earnings growth.
American Airlines
American Airlines, the largest airline internationally, provides passenger and cargo services. Currently, the company sports a favorable Zacks Rank #2 (Buy).
AAL has seen its earnings outlook drift higher across all timeframes over the last several months.
American Airlines is forecasted to make an extensive recovery; estimates for its current fiscal year indicate a sizable 98% uptick in earnings Y/Y.
Looking ahead to FY23, AAL’s bottom line is expected to hit the green again.
In addition, the company has primarily posted better-than-expected quarterly results as of late, exceeding the Zacks Consensus EPS Estimate in three of its last four releases.
In its latest print, AAL registered an impressive 28% EPS beat and reported sales marginally above expectations.
Exact Sciences Corp.
Exact Sciences is a molecular diagnostics company focused on the early detection and prevention of some of the deadliest forms of cancer.
Like the stocks above, analysts have raised their earnings estimates as of late, pushing the stock into a Zacks Rank #2 (Buy).
A strong earnings report has shares up more than 100% over the last three months. EXAS penciled in a 23% EPS beat and reported revenue roughly 5% ahead of expectations.
Bottom Line
While inflation remains the market’s primary concern, stocks have gotten off to a solid start in 2023, with investors hoping that a more prosperous year is on the horizon.
And all three stocks above – Jinko Solar, American Airlines and Exact Sciences – have started the new year strong, all up more than 20% year-to-date.
In addition, all three have witnessed their earnings outlooks drift higher as of late, providing the fuel needed for the runs to continue.
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Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
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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.
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JinkoSolar Holding Company Limited (JKS) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Exact Sciences Corporation (EXAS) : 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: Jinko Solar JKS, American Airlines AAL and Exact Sciences EXAS. AAL has seen its earnings outlook drift higher across all timeframes over the last several months. Looking ahead to FY23, AAL’s bottom line is expected to hit the green again.
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Stocks recently featured in the blog include: Jinko Solar JKS, American Airlines AAL and Exact Sciences EXAS. Click to get this free report JinkoSolar Holding Company Limited (JKS) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Exact Sciences Corporation (EXAS) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has seen its earnings outlook drift higher across all timeframes over the last several months.
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Click to get this free report JinkoSolar Holding Company Limited (JKS) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Exact Sciences Corporation (EXAS) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Jinko Solar JKS, American Airlines AAL and Exact Sciences EXAS. AAL has seen its earnings outlook drift higher across all timeframes over the last several months.
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Stocks recently featured in the blog include: Jinko Solar JKS, American Airlines AAL and Exact Sciences EXAS. AAL has seen its earnings outlook drift higher across all timeframes over the last several months. Looking ahead to FY23, AAL’s bottom line is expected to hit the green again.
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3001.0
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2023-01-13 00:00:00 UTC
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AAL Crosses Above Average Analyst Target
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AAL
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https://www.nasdaq.com/articles/aal-crosses-above-average-analyst-target
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nan
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nan
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In recent trading, shares of American Airlines Group Inc (Symbol: AAL) have crossed above the average analyst 12-month target price of $16.08, changing hands for $16.83/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 13 different analyst targets within the Zacks coverage universe contributing to that average for American Airlines Group Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $8.00. And then on the other side of the spectrum one analyst has a target as high as $28.00. The standard deviation is $5.722.
But the whole reason to look at the average AAL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAL crossing above that average target price of $16.08/share, investors in AAL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $16.08 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover American Airlines Group Inc:
RECENT AAL ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 1 1 1 1
Buy ratings: 0 0 0 0
Hold ratings: 11 10 10 10
Sell ratings: 1 1 1 1
Strong sell ratings: 1 1 1 1
Average rating: 3.07 3.08 3.08 3.08
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on AAL — FREE.
10 ETFs With Most Upside To Analyst Targets »
Also see:
Big ETF Losers Today
Institutional Holders of JSDA
Top Ten Hedge Funds Holding DWEQ
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 recent trading, shares of American Airlines Group Inc (Symbol: AAL) have crossed above the average analyst 12-month target price of $16.08, changing hands for $16.83/share. And so with AAL crossing above that average target price of $16.08/share, investors in AAL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $16.08 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? But the whole reason to look at the average AAL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
|
In recent trading, shares of American Airlines Group Inc (Symbol: AAL) have crossed above the average analyst 12-month target price of $16.08, changing hands for $16.83/share. But the whole reason to look at the average AAL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAL crossing above that average target price of $16.08/share, investors in AAL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $16.08 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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And so with AAL crossing above that average target price of $16.08/share, investors in AAL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $16.08 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of American Airlines Group Inc (Symbol: AAL) have crossed above the average analyst 12-month target price of $16.08, changing hands for $16.83/share. But the whole reason to look at the average AAL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
|
In recent trading, shares of American Airlines Group Inc (Symbol: AAL) have crossed above the average analyst 12-month target price of $16.08, changing hands for $16.83/share. But the whole reason to look at the average AAL price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAL crossing above that average target price of $16.08/share, investors in AAL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $16.08 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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3002.0
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2023-01-12 00:00:00 UTC
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US STOCKS-Wall St rises as investors assess December inflation data
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-rises-as-investors-assess-december-inflation-data
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nan
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nan
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By Shubham Batra and Amruta Khandekar
Jan 12 (Reuters) - Wall Street's main indexes rose in choppy trade on Thursday as cooling inflation supported bets of smaller interest rate hikes by the Federal Reserve, though concerns remained that the central bank would keep hiking rates further.
The Labor Department's report showed U.S. consumer prices grew 6.5% on an annual basis in December, in line with expectations, from a 7.1% rise last month. Core inflation was in line with expectations as well.
However, headline inflation remains above the Fed's 2% target. All the three main stock indexes swung between gains and losses after the report.
Big technology and growth stocks such as Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 0.2% and 1%.
"The number is clearly trending in the right direction, but not very quickly. So the battle between the bulls and the bears continues," said Dennis Dick, market structure analyst and trader at Triple D Trading.
"I think the Fed's probably still going to stick to the plan. But can they slow the pace here? I think so."
The Fed raised the key rate by 50 basis points in December, after four back-to-back 75-bps hikes, but also indicated a prolonged period of rate hikes to above 5% in 2023.
Philadelphia Fed President Patrick Harker said on Thursday a quarter-point rate hike would now be appropriate.
Traders' bets of a 25-basis point rate hike by the Fed in February shot up to 89% after the inflation data, from 77% previously. FEDWATCH
Consumer prices had been on a downward trend after peaking in June, with markets hoping that continued moderation in the latest inflation print may persuade the Fed to soon signal a pause in its rate-hiking cycle.
Another report from the Labor Department on Thursday showed initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 205,000 for the week ended Jan. 7, compared with a forecast of 215,000, signalling a still tight labour market.
This week also marks the start of the quarterly earnings season, with big banks expected to report lower profits, while overall S&P 500 earnings are expected to decline year-over-year, according to Refinitiv.
At 10:23 a.m. ET, the Dow Jones Industrial Average .DJI was up 102.09 points, or 0.30%, at 34,075.10, the S&P 500 .SPX was up 5.86 points, or 0.15%, at 3,975.47, and the Nasdaq Composite .IXIC was up 13.98 points, or 0.13%, at 10,945.65.
Tesla Inc TSLA.O slid 2.5% following a report that the electric-car maker delayed plans to expand its Shanghai factory.
Bed Bath & Beyond Inc BBBY.O climbed 14.2% after rising for three consecutive sessions, despite bleak quarterly results.
American Airlines Group Inc AAL.O advanced 5.6% after raising its fourth-quarter profit forecast on strong demand for travel during the key holiday season.
Advancing issues outnumbered decliners for a 2.31-to-1 ratio on the NYSE and a 1.63-to-1 ratio on the Nasdaq.
The S&P index recorded eight new 52-week highs and one new low, while the Nasdaq recorded 39 new highs and 10 new lows.
(Reporting by Shubham Batra, Amruta Khandekar and Ankika Biswas in Bengaluru; Editing by Shounak Dasgupta)
((Shubham.Batra@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 Group Inc AAL.O advanced 5.6% after raising its fourth-quarter profit forecast on strong demand for travel during the key holiday season. FEDWATCH Consumer prices had been on a downward trend after peaking in June, with markets hoping that continued moderation in the latest inflation print may persuade the Fed to soon signal a pause in its rate-hiking cycle. Another report from the Labor Department on Thursday showed initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 205,000 for the week ended Jan. 7, compared with a forecast of 215,000, signalling a still tight labour market.
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American Airlines Group Inc AAL.O advanced 5.6% after raising its fourth-quarter profit forecast on strong demand for travel during the key holiday season. The Labor Department's report showed U.S. consumer prices grew 6.5% on an annual basis in December, in line with expectations, from a 7.1% rise last month. The Fed raised the key rate by 50 basis points in December, after four back-to-back 75-bps hikes, but also indicated a prolonged period of rate hikes to above 5% in 2023.
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American Airlines Group Inc AAL.O advanced 5.6% after raising its fourth-quarter profit forecast on strong demand for travel during the key holiday season. By Shubham Batra and Amruta Khandekar Jan 12 (Reuters) - Wall Street's main indexes rose in choppy trade on Thursday as cooling inflation supported bets of smaller interest rate hikes by the Federal Reserve, though concerns remained that the central bank would keep hiking rates further. The Fed raised the key rate by 50 basis points in December, after four back-to-back 75-bps hikes, but also indicated a prolonged period of rate hikes to above 5% in 2023.
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American Airlines Group Inc AAL.O advanced 5.6% after raising its fourth-quarter profit forecast on strong demand for travel during the key holiday season. By Shubham Batra and Amruta Khandekar Jan 12 (Reuters) - Wall Street's main indexes rose in choppy trade on Thursday as cooling inflation supported bets of smaller interest rate hikes by the Federal Reserve, though concerns remained that the central bank would keep hiking rates further. The Labor Department's report showed U.S. consumer prices grew 6.5% on an annual basis in December, in line with expectations, from a 7.1% rise last month.
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3003.0
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2023-01-12 00:00:00 UTC
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US STOCKS-Wall St rises in volatile trade as investors assess inflation data
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-rises-in-volatile-trade-as-investors-assess-inflation-data
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nan
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nan
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By Shubham Batra and Amruta Khandekar
Jan 12 (Reuters) - Wall Street's main indexes rose in choppy trade on Thursday as cooling inflation supported bets of smaller interest rate hikes by the Federal Reserve, though concerns remained that the central bank was not close to pausing its monetary tightening.
The Labor Department's report showed U.S. consumer prices grew 6.5% on an annual basis in December, in line with expectations. While it was the smallest rise since October 2021 and followed a 7.1% advance in November, the headline inflation number remains above the Fed's 2% target.
Wall Street's main indexes swung between gains and losses after the inflation report, with the tech-heavy Nasdaq .IXIC falling over 1% earlier in the session.
"The number is clearly trending in the right direction, but not very quickly. So the battle between the bulls and the bears continues," said Dennis Dick, market structure analyst and trader at Triple D Trading.
The Fed raised the key rate by 50 basis points in December, after four back-to-back 75-bps hikes, but also indicated a prolonged period of rate hikes to above 5% in 2023.
A separate report showed weekly jobless claims fell last week, signaling a still tight labor market.
"The Fed now has the opportunity to moderate further increases (but) the numbers certainly don't point to a stoppage of any increases," said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office in New York.
Traders' bets of a 25-basis point rate hike by the Fed in February shot up to 91% after the inflation data, from 77% previously. FEDWATCH
Philadelphia Fed President Patrick Harker and St. Louis Fed President James Bullard acknowledged the moderation in prices, but stressed on the need for further monetary policy tightening to bring inflation down to the central bank's target.
Consumer prices had been on a downward trend after peaking in June, with markets hoping that continued moderation in the latest inflation print may persuade the Fed to soon signal a pause in its rate-hiking cycle.
Such optimism has supported equities in 2023, with the S&P 500 .SPX up 3.5% so far this year.
This week also marks the start of the quarterly earnings season, with big banks expected to report lower profits, while overall S&P 500 earnings are expected to decline year-over-year, according to Refinitiv.
At 12:02 p.m. ET, the S&P 500 .SPX was up 8.51 points, or 0.21%, at 3,978.12, and the Nasdaq Composite .IXIC was up 21.37 points, or 0.20%, at 10,953.04.
The Dow Jones Industrial Average .DJI was up 182.66 points, or 0.54%, at 34,155.67, supported by gains in industrial stocks such as Boeing Co BA.N and Caterpillar Inc CAT.N.
Among major S&P 500 sectors, energy stocks .SPNY led gains, rising 2% as oil prices climbed. O/R
Tesla Inc TSLA.O slid 1.7% following a report that the electric-car maker delayed plans to expand its Shanghai factory.
American Airlines Group Inc AAL.O advanced 5.7% after raising its fourth-quarter profit forecast.
Advancing issues outnumbered decliners for a 2.62-to-1 ratio on the NYSE and a 1.74-to-1 ratio on the Nasdaq.
The S&P index recorded eight new 52-week highs and one new low, while the Nasdaq recorded 62 new highs and 13 new lows.
(Reporting by Shubham Batra, Amruta Khandekar and Ankika Biswas in Bengaluru; Editing by Shounak Dasgupta)
((Shubham.Batra@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.
|
American Airlines Group Inc AAL.O advanced 5.7% after raising its fourth-quarter profit forecast. By Shubham Batra and Amruta Khandekar Jan 12 (Reuters) - Wall Street's main indexes rose in choppy trade on Thursday as cooling inflation supported bets of smaller interest rate hikes by the Federal Reserve, though concerns remained that the central bank was not close to pausing its monetary tightening. Wall Street's main indexes swung between gains and losses after the inflation report, with the tech-heavy Nasdaq .IXIC falling over 1% earlier in the session.
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American Airlines Group Inc AAL.O advanced 5.7% after raising its fourth-quarter profit forecast. By Shubham Batra and Amruta Khandekar Jan 12 (Reuters) - Wall Street's main indexes rose in choppy trade on Thursday as cooling inflation supported bets of smaller interest rate hikes by the Federal Reserve, though concerns remained that the central bank was not close to pausing its monetary tightening. The Labor Department's report showed U.S. consumer prices grew 6.5% on an annual basis in December, in line with expectations.
|
American Airlines Group Inc AAL.O advanced 5.7% after raising its fourth-quarter profit forecast. By Shubham Batra and Amruta Khandekar Jan 12 (Reuters) - Wall Street's main indexes rose in choppy trade on Thursday as cooling inflation supported bets of smaller interest rate hikes by the Federal Reserve, though concerns remained that the central bank was not close to pausing its monetary tightening. FEDWATCH Philadelphia Fed President Patrick Harker and St. Louis Fed President James Bullard acknowledged the moderation in prices, but stressed on the need for further monetary policy tightening to bring inflation down to the central bank's target.
|
American Airlines Group Inc AAL.O advanced 5.7% after raising its fourth-quarter profit forecast. By Shubham Batra and Amruta Khandekar Jan 12 (Reuters) - Wall Street's main indexes rose in choppy trade on Thursday as cooling inflation supported bets of smaller interest rate hikes by the Federal Reserve, though concerns remained that the central bank was not close to pausing its monetary tightening. The Labor Department's report showed U.S. consumer prices grew 6.5% on an annual basis in December, in line with expectations.
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3004.0
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2023-01-12 00:00:00 UTC
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What Lies Ahead for United Airlines (UAL) in Q4 Earnings?
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AAL
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https://www.nasdaq.com/articles/what-lies-ahead-for-united-airlines-ual-in-q4-earnings
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nan
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nan
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United Airlines UALis scheduled to report fourth-quarter 2022 results on Jan 17, after market close.
The Zacks Consensus Estimate for UAL’s fourth-quarter 2022 earnings has been revised upward by 120% in the past 90 days. The company has a solid earnings surprise history, having outperformed the Zacks Consensus Estimate in two of the preceding four quarters, the average beat being 7.77%.
United Airlines Holdings Inc Price and EPS Surprise
United Airlines Holdings Inc price-eps-surprise | United Airlines Holdings Inc Quote
Let’s see how things are shaping up for United Airlines this earnings season.
Q4 Expectations
The Zacks Consensus Estimate for United Airlines’ fourth-quarter 2022 revenues is pegged at $12.25 billion, indicating 49.52% growth year over year. The top line is likely to have been aided by a solid recovery of air-travel demand (post the pandemic-led slump) and an improvement in passenger revenues (which accounts for more than 80% of total revenues). Driven by solid demand, management expects total revenue per available seat mile to increase in the 24%-25% band in the December quarter from fourth-quarter 2019 actuals.
On the flip side, high fuel costs per gallon are likely to have hurt the bottom line in the fourth quarter. UAL forecasts the average aircraft fuel price per gallon to be $3.61 in the fourth quarter, much higher than the reported figure in fourth-quarter 2021.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for United Airlines this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
United Airlines has an Earnings ESP of -0.03% and a Zacks Rank #2.
Highlights of Q3
United Airlines’ third-quarter 2022 earnings of $2.81 per share beat the Zacks Consensus Estimate of $2.21 and our estimate of $2.17. In the year-ago quarter, UAL incurred a loss of $1.02 per share when air-travel demand was not as buoyant as in the current scenario. The third quarter of 2022 was the second consecutive profitable quarter at UAL since the onset of the pandemic.
Operating revenues of $12,877 million beat the Zacks Consensus Estimate of $12,709.5 million and our estimates of $12, 631.6 million. UAL’s revenues increased more than 66% year over year owing to upbeat air-travel demand. The optimistic air-travel demand scenario is also evident from the fact that total operating revenues increased 13.2% from third-quarter 2019 (pre-coronavirus) levels.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings:
American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. AAL will release results on Jan 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines has an expected earnings growth rate of more than 100% for fourth-quarter 2022. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s fourth-quarter 2022 earnings has been revised upward by more than 100% in the past 90 days.
Copa Holdings, S.A. CPA has an Earnings ESP of +13.89% and a Zacks Rank #3. CPA will release results on Feb 15.
Copa Holdings has an expected earnings growth rate of 89.9% for fourth-quarter 2022. CPA delivered a trailing four-quarter earnings surprise of 48.95%, on average.
The Zacks Consensus Estimate for CPA’s fourth-quarter 2022 earnings has been revised upward by 41.3% in the past 90 days.
Delta Air Lines, Inc. DAL has an Earnings ESP of +1.47% and a Zacks Rank #3. DAL will release results on Feb 13.
Delta Air has an expected earnings growth rate of more than 100% for fourth-quarter 2022. DAL delivered a trailing four-quarter earnings surprise of 7.90%, on average.
The Zacks Consensus Estimate for DAL’s fourth-quarter 2022 earnings has been revised upward by 45.6% in the past 90 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
Copa Holdings, S.A. (CPA) : 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 to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. AAL will release results on Jan 26. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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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 Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. AAL will release results on Jan 26.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL will release results on Jan 26.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. AAL will release results on Jan 26. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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3005.0
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2023-01-12 00:00:00 UTC
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3 Top Stocks Already up More Than 20% In 2023
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AAL
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https://www.nasdaq.com/articles/3-top-stocks-already-up-more-than-20-in-2023
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nan
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nan
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The market has started 2023 off on the right foot, with many stocks finding buyers year-to-date.
While we’ve flipped the calendar to a fresh year, the forces that negatively impacted the market in 2022 remain at the forefront of investors’ concerns, namely the Fed’s pivot to a hawkish nature in an attempt to cool down inflation.
And this morning, we received the latest Consumer Price Index (CPI) print, which revealed that the index rose 6.5% in December on a year-over-year basis. Further, Core CPI (which doesn’t include energy and food prices) climbed 5.7% year-over-year, precisely in line with estimates.
While the market digests the news, several stocks – Jinko Solar JKS, American Airlines AAL, and Exact Sciences EXAS – have entirely ignored the market’s concerns, going on remarkably strong runs so far in 2023.
Below is a chart illustrating the year-to-date performance of all three stocks, with the S&P 500 blended in as a benchmark.
Image Source: Zacks Investment Research
As we can see, all three have enjoyed strong price action year-to-date. In addition, all three have seen their near-term earnings outlooks drift higher, providing the fuel needed to continue climbing.
Let’s take a closer look at each one.
Jinko Solar
Jinko Solar is a widely famous solar technology company with its business covering the core links of the photovoltaic industry chain.
Analysts have upped their earnings estimates for the company’s current and next fiscal year, helping land JKS into a Zacks Rank #1 (Strong Buy).
Image Source: Zacks Investment Research
The company’s valuation multiples aren’t stretched; JKS shares currently trade at a 9.4X forward earnings multiple, well beneath the 12.2X five-year median and the Zacks Energy – Alternate Sources industry average of 20.4X.
Jinko Solar carries a Style Score of “A” for Value.
Image Source: Zacks Investment Research
Growth is more than apparent, with the Zacks Consensus EPS Estimate of $3.70 for its current fiscal year (FY22) suggesting an improvement of more than 115% Y/Y. And in FY23, estimates indicate a further 93% of earnings growth.
American Airlines
American Airlines, the largest airline internationally, provides passenger and cargo services. Currently, the company sports a favorable Zacks Rank #2 (Buy).
AAL has seen its earnings outlook drift higher across all timeframes over the last several months.
Image Source: Zacks Investment Research
American Airlines is forecasted to make an extensive recovery; estimates for its current fiscal year indicate a sizable 98% uptick in earnings Y/Y.
Looking ahead to FY23, AAL’s bottom line is expected to hit the green again, as shown in the chart below.
Image Source: Zacks Investment Research
In addition, the company has primarily posted better-than-expected quarterly results as of late, exceeding the Zacks Consensus EPS Estimate in three of its last four releases.
In its latest print, AAL registered an impressive 28% EPS beat and reported sales marginally above expectations.
Image Source: Zacks Investment Research
Exact Sciences Corp.
Exact Sciences is a molecular diagnostics company focused on the early detection and prevention of some of the deadliest forms of cancer.
Like the stocks above, analysts have raised their earnings estimates as of late, pushing the stock into a Zacks Rank #2 (Buy).
Image Source: Zacks Investment Research
A strong earnings report has shares up more than 100% over the last three months, as we can see in the chart below (green arrow circled). EXAS penciled in a 23% EPS beat and reported revenue roughly 5% ahead of expectations.
Image Source: Zacks Investment Research
Bottom Line
While inflation remains the market’s primary concern, stocks have gotten off to a solid start in 2023, with investors hoping that a more prosperous year is on the horizon.
And all three stocks above – Jinko Solar JKS, American Airlines AAL, and Exact Sciences EXAS – have started the new year strong, all up more than 20% year-to-date.
In addition, all three have witnessed their earnings outlooks drift higher as of late, providing the fuel needed for the runs to continue.
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
JinkoSolar Holding Company Limited (JKS) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Exact Sciences Corporation (EXAS) : 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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While the market digests the news, several stocks – Jinko Solar JKS, American Airlines AAL, and Exact Sciences EXAS – have entirely ignored the market’s concerns, going on remarkably strong runs so far in 2023. AAL has seen its earnings outlook drift higher across all timeframes over the last several months. Looking ahead to FY23, AAL’s bottom line is expected to hit the green again, as shown in the chart below.
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While the market digests the news, several stocks – Jinko Solar JKS, American Airlines AAL, and Exact Sciences EXAS – have entirely ignored the market’s concerns, going on remarkably strong runs so far in 2023. And all three stocks above – Jinko Solar JKS, American Airlines AAL, and Exact Sciences EXAS – have started the new year strong, all up more than 20% year-to-date. Click to get this free report JinkoSolar Holding Company Limited (JKS) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Exact Sciences Corporation (EXAS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report JinkoSolar Holding Company Limited (JKS) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Exact Sciences Corporation (EXAS) : Free Stock Analysis Report To read this article on Zacks.com click here. While the market digests the news, several stocks – Jinko Solar JKS, American Airlines AAL, and Exact Sciences EXAS – have entirely ignored the market’s concerns, going on remarkably strong runs so far in 2023. AAL has seen its earnings outlook drift higher across all timeframes over the last several months.
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While the market digests the news, several stocks – Jinko Solar JKS, American Airlines AAL, and Exact Sciences EXAS – have entirely ignored the market’s concerns, going on remarkably strong runs so far in 2023. And all three stocks above – Jinko Solar JKS, American Airlines AAL, and Exact Sciences EXAS – have started the new year strong, all up more than 20% year-to-date. AAL has seen its earnings outlook drift higher across all timeframes over the last several months.
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3006.0
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2023-01-12 00:00:00 UTC
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Why Airline Stocks Are Gaining Altitude Today
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AAL
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https://www.nasdaq.com/articles/why-airline-stocks-are-gaining-altitude-today-2
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nan
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nan
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What happened
American Airlines Group (NASDAQ: AAL) raised its guidance for the recently completed quarter, and the whole aviation sector is taking flight. Shares of American are up as much as 6.8% on Thursday morning, with shares of JetBlue Airways (NASDAQ: JBLU) and Spirit Airlines (NYSE: SAVE) up about 3% apiece during this time frame.
So what
We knew the airports were packed over the holiday season. If American is any guide, that translated to better-than-expected financial results as well. In a regulatory filing, American said it expects fourth-quarter adjusted earnings to come in at between $1.12 and $1.17 per share, significantly above its prior guidance for between $0.50 and $0.70 per share in earnings. Analysts had expected $0.60 per share in earnings.
The airline also said it expects revenue to be up 16% to 17% compared to the pre-pandemic fourth quarter of 2019, up from previous guidance, for an increase of 11% to 13%. That is despite flying fewer miles in the last three months than it did in the fourth quarter of 2019.
American said it would be putting that added cash to work paying down debt taken on during the pandemic. The airline said it has achieved more than half of its goal to reduce debt by $15 billion before the end of 2025.
This is obviously good news for American, and investors are bidding up shares of other airlines as well on the assumption that it wasn't only American's jets that were packed. JetBlue and Spirit are outperforming many other airline stocks, potentially due to JetBlue's push to broaden its alliance with American.
JetBlue and American have been working together to coordinate schedules in certain U.S. markets, despite criticism from the Department of Justice, which calls the alliance a "de facto merger." JetBlue's pending merger with Spirit has added to the concern. But on Thursday, JetBlue said it was launching additional routes from New York, Boston, and Los Angeles, showing no signs of backing down in the face of regulatory pressure.
Now what
Airline investors spent most of 2022 waiting for demand to fall off a cliff as the post-pandemic travel surge normalized and the Federal Reserve's effort to cool the economy took hold. So far, that fall hasn't occurred, and American's preannouncement is a fresh data point to suggest demand for air travel remains robust.
The risks still remain, especially as interest rates continue to creep higher. Investors will be listening carefully to management commentary about 2023 as earnings season heats up in the weeks to come to try to get a feel for how early bookings are coming in for the all-important summer travel season.
But for now, if nothing else, there is no reason to sound the alarm. That alone is enough to send airline shares higher on Thursday.
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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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What happened American Airlines Group (NASDAQ: AAL) raised its guidance for the recently completed quarter, and the whole aviation sector is taking flight. But on Thursday, JetBlue said it was launching additional routes from New York, Boston, and Los Angeles, showing no signs of backing down in the face of regulatory pressure. Now what Airline investors spent most of 2022 waiting for demand to fall off a cliff as the post-pandemic travel surge normalized and the Federal Reserve's effort to cool the economy took hold.
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What happened American Airlines Group (NASDAQ: AAL) raised its guidance for the recently completed quarter, and the whole aviation sector is taking flight. Shares of American are up as much as 6.8% on Thursday morning, with shares of JetBlue Airways (NASDAQ: JBLU) and Spirit Airlines (NYSE: SAVE) up about 3% apiece during this time frame. That alone is enough to send airline shares higher on Thursday.
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What happened American Airlines Group (NASDAQ: AAL) raised its guidance for the recently completed quarter, and the whole aviation sector is taking flight. Shares of American are up as much as 6.8% on Thursday morning, with shares of JetBlue Airways (NASDAQ: JBLU) and Spirit Airlines (NYSE: SAVE) up about 3% apiece during this time frame. This is obviously good news for American, and investors are bidding up shares of other airlines as well on the assumption that it wasn't only American's jets that were packed.
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What happened American Airlines Group (NASDAQ: AAL) raised its guidance for the recently completed quarter, and the whole aviation sector is taking flight. Shares of American are up as much as 6.8% on Thursday morning, with shares of JetBlue Airways (NASDAQ: JBLU) and Spirit Airlines (NYSE: SAVE) up about 3% apiece during this time frame. The airline also said it expects revenue to be up 16% to 17% compared to the pre-pandemic fourth quarter of 2019, up from previous guidance, for an increase of 11% to 13%.
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3007.0
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2023-01-12 00:00:00 UTC
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PREVIEW-New pilot contracts to drive up costs at U.S. airlines
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AAL
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https://www.nasdaq.com/articles/preview-new-pilot-contracts-to-drive-up-costs-at-u.s.-airlines
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nan
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nan
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By Aishwarya Nair and Kannaki Deka
Jan 12 (Reuters) - U.S. airline profits are set to come under pressure in 2023 as they look to shell out more cash to retain pilots amid worries about the impact of a potential recession on travel demand.
Major carriers such as United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N and Southwest Airlines Co LUV.N have rushed to add staff after a faster-than-expected rebound in the U.S. travel market.
Some airlines have had to hand out bumper contracts to pilots, stoking concerns about a rise in costs as they recover from the pandemic when they were saddled with heavy debt loads.
"Margins are set to take a hit in 2023 as airlines ratify new contracts with labor groups," Cowen analyst Helane Becker said last month.
"We expect pilot pay, which represents approximately 40% of labor expense, will increase by 20% to 30% under the new agreements."
In a recent note, BofA Global Research estimated that the industry will need to hire about 5,200 pilots per year from 2024-2030.
THE CONTEXT
"Delta's recent tentative pilot agreement, assuming it is ratified, could drive incremental unit costs higher by ~2%, and 2%-3% higher for American, Southwest and United," Barclays analyst Brandon Oglenski said on Wednesday.
While costs take center stage, robust travel demand, fueled by a pent up desire to venture out and household savings accumulated during the pandemic, could provide some relief.
Investors will be looking for commentary from executives on whether demand is holding up, beginning with Delta, which reports results on Friday.
American Airlines on Thursday forecast a higher fourth-quarter profit as the Texas-based carrier benefited from strong demand for travel during the key holiday season.
Shares of American Airlines, Delta Air Lines, United Airlines and Southwest Airlines fell between 14% and 30% in 2022 on mass cancellations and economic worries.
FUNDAMENTALS
* Analysts estimate United Airlines' Q4 revenue will rise by 49% when it reports results on Jan. 17; earnings per share is estimated at $2.15
* Analysts estimate American Airlines' Q4 revenue will rise by about 35% when it reports in next couple of weeks; earnings per share is estimated at $0.60
* Analysts estimate Delta Air Lines' Q4 revenue will rise by about 29% when it reports on Jan. 13; earnings per share is estimated at $1.26
* Analysts estimate Southwest Airlines' Q4 revenue will rise by about 24% when it reports on Jan. 26; earnings per share is estimated at $0.33
WALL STREET SENTIMENT
* For American Airlines two of 20 brokerages rate the stock "buy" or higher, 15 "hold" and three "sell" or lower; their median price target is $15, according to Refinitiv data
* For United Airlines, 12 of 21 analysts rate the stock "buy", six "hold" and three "sell"; their median price target is $51
* For Southwest Airlines, 15 of 21 analysts rate the stock "buy", six "hold"; their median price target is $44
* For Delta Air Lines, 18 of 20 analysts rate the stock "buy", two "hold"; their median price target is $46
Compensation expenses risehttps://tmsnrt.rs/3CGevSE
Shares of U.S. airlines fell last year but edged up in the beginning of 2023https://tmsnrt.rs/3QC6unD
(Reporting by Aishwarya Nair and Kannaki Deka in Bengaluru; Editing by Shounak Dasgupta)
((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs))
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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Major carriers such as United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N and Southwest Airlines Co LUV.N have rushed to add staff after a faster-than-expected rebound in the U.S. travel market. By Aishwarya Nair and Kannaki Deka Jan 12 (Reuters) - U.S. airline profits are set to come under pressure in 2023 as they look to shell out more cash to retain pilots amid worries about the impact of a potential recession on travel demand. While costs take center stage, robust travel demand, fueled by a pent up desire to venture out and household savings accumulated during the pandemic, could provide some relief.
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Major carriers such as United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N and Southwest Airlines Co LUV.N have rushed to add staff after a faster-than-expected rebound in the U.S. travel market. Shares of American Airlines, Delta Air Lines, United Airlines and Southwest Airlines fell between 14% and 30% in 2022 on mass cancellations and economic worries. * Analysts estimate United Airlines' Q4 revenue will rise by 49% when it reports results on Jan. 17; earnings per share is estimated at $2.15 * Analysts estimate American Airlines' Q4 revenue will rise by about 35% when it reports in next couple of weeks; earnings per share is estimated at $0.60 * Analysts estimate Delta Air Lines' Q4 revenue will rise by about 29% when it reports on Jan. 13; earnings per share is estimated at $1.26 * Analysts estimate Southwest Airlines' Q4 revenue will rise by about 24% when it reports on Jan. 26; earnings per share is estimated at $0.33
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Major carriers such as United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N and Southwest Airlines Co LUV.N have rushed to add staff after a faster-than-expected rebound in the U.S. travel market. * Analysts estimate United Airlines' Q4 revenue will rise by 49% when it reports results on Jan. 17; earnings per share is estimated at $2.15 * Analysts estimate American Airlines' Q4 revenue will rise by about 35% when it reports in next couple of weeks; earnings per share is estimated at $0.60 * Analysts estimate Delta Air Lines' Q4 revenue will rise by about 29% when it reports on Jan. 13; earnings per share is estimated at $1.26 * Analysts estimate Southwest Airlines' Q4 revenue will rise by about 24% when it reports on Jan. 26; earnings per share is estimated at $0.33 * For American Airlines two of 20 brokerages rate the stock "buy" or higher, 15 "hold" and three "sell" or lower; their median price target is $15, according to Refinitiv data * For United Airlines, 12 of 21 analysts rate the stock "buy", six "hold" and three "sell"; their median price target is $51 * For Southwest Airlines, 15 of 21 analysts rate the stock "buy", six "hold"; their median price target is $44 * For Delta Air Lines, 18 of 20 analysts rate the stock "buy", two "hold"; their median price target is $46 Compensation expenses risehttps://tmsnrt.rs/3CGevSE Shares of U.S. airlines fell last year but edged up in the beginning of 2023https://tmsnrt.rs/3QC6unD (Reporting by Aishwarya Nair and Kannaki Deka in Bengaluru; Editing by Shounak Dasgupta) ((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs)) 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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Major carriers such as United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N and Southwest Airlines Co LUV.N have rushed to add staff after a faster-than-expected rebound in the U.S. travel market. By Aishwarya Nair and Kannaki Deka Jan 12 (Reuters) - U.S. airline profits are set to come under pressure in 2023 as they look to shell out more cash to retain pilots amid worries about the impact of a potential recession on travel demand. * Analysts estimate United Airlines' Q4 revenue will rise by 49% when it reports results on Jan. 17; earnings per share is estimated at $2.15 * Analysts estimate American Airlines' Q4 revenue will rise by about 35% when it reports in next couple of weeks; earnings per share is estimated at $0.60 * Analysts estimate Delta Air Lines' Q4 revenue will rise by about 29% when it reports on Jan. 13; earnings per share is estimated at $1.26 * Analysts estimate Southwest Airlines' Q4 revenue will rise by about 24% when it reports on Jan. 26; earnings per share is estimated at $0.33
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3008.0
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2023-01-12 00:00:00 UTC
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Pre-Market Most Active for Jan 12, 2023 : BBBY, TQQQ, BBAI, AAL, MMV, SQQQ, TSLA, ABEV, TSM, AMC, NIO, BBD
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-jan-12-2023-%3A-bbby-tqqq-bbai-aal-mmv-sqqq-tsla-abev-tsm-amc-nio
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nan
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The NASDAQ 100 Pre-Market Indicator is down -30.62 to 11,371.9. The total Pre-Market volume is currently 56,781,766 shares traded.
The following are the most active stocks for the pre-market session:
Bed Bath & Beyond Inc. (BBBY) is +0.65 at $4.14, with 13,530,741 shares traded. BBBY's current last sale is 207% of the target price of $2.
ProShares UltraPro QQQ (TQQQ) is +0.29 at $19.70, with 7,548,630 shares traded. This represents a 22.36% increase from its 52 Week Low.
BigBear.ai, Inc. (BBAI) is +1.6439 at $2.49, with 5,412,060 shares traded. BBAI's current last sale is 49.8% of the target price of $5.
American Airlines Group, Inc. (AAL) is +0.92 at $16.26, with 4,293,809 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2022. The consensus EPS forecast is $0.6. AAL is scheduled to provide an earnings report on 1/19/2023, for the fiscal quarter ending Dec2022. The consensus earnings per share forecast is 0.6 per share, which represents a -142 percent increase over the EPS one Year Ago
MultiMetaVerse Holdings Limited (MMV) is +0.715 at $3.35, with 3,156,403 shares traded.
ProShares UltraPro Short QQQ (SQQQ) is -0.6199 at $46.84, with 2,730,006 shares traded. This represents a 50.85% increase from its 52 Week Low.
Tesla, Inc. (TSLA) is +0.08 at $123.30, with 2,669,222 shares traded. TSLA's current last sale is 53.61% of the target price of $230.
Ambev S.A. (ABEV) is -0.08 at $2.64, with 1,272,311 shares traded. ABEV's current last sale is 88% of the target price of $3.
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is +2.77 at $84.55, with 792,127 shares traded. As reported by Zacks, the current mean recommendation for TSM is in the "buy range".
AMC Entertainment Holdings, Inc. (AMC) is -0.07 at $4.85, with 727,460 shares traded. AMC's current last sale is 242.5% of the target price of $2.
NIO Inc. (NIO) is -0.01 at $11.50, with 624,048 shares traded. As reported by Zacks, the current mean recommendation for NIO is in the "buy range".
Banco Bradesco Sa (BBD) is -0.07 at $2.89, with 610,519 shares traded. As reported by Zacks, the current mean recommendation for BBD is in the "buy range".
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 is scheduled to provide an earnings report on 1/19/2023, for the fiscal quarter ending Dec2022. American Airlines Group, Inc. (AAL) is +0.92 at $16.26, with 4,293,809 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2022.
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American Airlines Group, Inc. (AAL) is +0.92 at $16.26, with 4,293,809 shares traded. AAL is scheduled to provide an earnings report on 1/19/2023, for the fiscal quarter ending Dec2022. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2022.
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American Airlines Group, Inc. (AAL) is +0.92 at $16.26, with 4,293,809 shares traded. AAL is scheduled to provide an earnings report on 1/19/2023, for the fiscal quarter ending Dec2022. The total Pre-Market volume is currently 56,781,766 shares traded.
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American Airlines Group, Inc. (AAL) is +0.92 at $16.26, with 4,293,809 shares traded. AAL is scheduled to provide an earnings report on 1/19/2023, for the fiscal quarter ending Dec2022. The NASDAQ 100 Pre-Market Indicator is down -30.62 to 11,371.9.
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3009.0
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2023-01-12 00:00:00 UTC
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What's in the Cards for J.B. Hunt (JBHT) in Q4 Earnings?
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AAL
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https://www.nasdaq.com/articles/whats-in-the-cards-for-j.b.-hunt-jbht-in-q4-earnings
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nan
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nan
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J.B. Hunt Transport Services, Inc. JBHT is scheduled to report fourth-quarter 2022 results on Jan 18, before market open.
The Zacks Consensus Estimate for JBHT’s fourth-quarter 2022 earnings has been revised upward by 1.2% in the past 90 days. The company also has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 11.03%.
J.B. Hunt Transport Services, Inc. Price and EPS Surprise
J.B. Hunt Transport Services, Inc. price-eps-surprise | J.B. Hunt Transport Services, Inc. Quote
Let’s see how things are shaping up for J.B. Hunt this earnings season.
Q4 Expectations
The Zacks Consensus Estimate for J.B. Hunt’s fourth-quarter 2022 revenues is pegged at $3.79 billion, indicating 8.5% growth year over year. The top line is likely to have been aided by strength across the majority of its segments.
The Zacks Consensus Estimate for the fourth quarter Intermodal revenues is pegged at $1.83 billion, indicating a 15.9% rise from the year-ago reported figure. JBHT’s intermodal revenues are likely to reflect a year-over-year increase owing to higher revenue per load.
The consensus mark for Dedicated Contract Services(“DCS”) segment revenues is pegged at $867 million, suggesting a 21.8% rise from fourth-quarter 2021 reported number. DCS is expected to have benefited from fleet productivity improvement and an increase in average revenue-producing trucks.
The Zacks Consensus Estimate for Integrated Capacity Solutions revenues is pegged at $588 million, hinting at a 20.4% decline from the year-ago reported figure. Lower revenues per load in the company’s transactional business might have weighed on the segment.
The Zacks Consensus Estimate for Final Mile Services revenues is pegged at $242 million, indicating a 9% increase from fourth-quarter 2021 reported number. Contributions from multiple customer contracts over the last year and benefits from the acquisition of Zenith Freight Lines (closed at February 2022-end) might have aided the top-line growth.
The Zacks Consensus Estimate for Truckload revenues is pegged at $276 million, indicating 6.6% growth from the fourth quarter of 2021 reported number. Truckload revenues are expected to be boosted by an increase in load count and revenue per load.
On the flip side, supply-chain disruptions and labor shortages are likely to have affected J.B. Hunt’s volumes in the third quarter. Further, the company’s bottom line is likely to have been hurt by an expected increase in operating expenses due to higher rents and purchased transportation costs, salaries, wages and benefits.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for J.B. Hunt this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
J.B. Hunt has an Earnings ESP of -0.98% and a Zacks Rank #3.
Highlights of Q3
J.B. Hunt’s third-quarter 2022 earnings of $2.57 per share surpassed the Zacks Consensus Estimate of $2.45 and improved 36.7% year over year. Total operating revenues of $3,838.3 million also outperformed the Zacks Consensus Estimate of $3803.4 million.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings:
American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. AAL will release results on Jan 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines has an expected earnings growth rate of more than 100% for fourth-quarter 2022. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s fourth-quarter 2022 earnings has been revised upward by more than 100% in the past 90 days.
Copa Holdings, S.A. CPA has an Earnings ESP of +13.89% and a Zacks Rank #3. CPA will release results on Feb 15.
Copa Holdings has an expected earnings growth rate of 89.9% for fourth-quarter 2022. CPA delivered a trailing four-quarter earnings surprise of 48.95%, on average.
The Zacks Consensus Estimate for CPA’s fourth-quarter 2022 earnings has been revised upward by 41.3% in the past 90 days.
Delta Air Lines, Inc. DAL has an Earnings ESP of +1.47% and a Zacks Rank #3. DAL will release results on Feb 13.
Delta Air has an expected earnings growth rate of more than 100% for fourth-quarter 2022. DAL delivered a trailing four-quarter earnings surprise of 7.90%, on average.
The Zacks Consensus Estimate for DAL’s fourth-quarter 2022 earnings has been revised upward by 45.6% in the past 90 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : 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 to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. AAL will release results on Jan 26. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. AAL will release results on Jan 26.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL will release results on Jan 26.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. AAL will release results on Jan 26. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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3010.0
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2023-01-12 00:00:00 UTC
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Airlines expect U.S. operations to rebound on Thursday as FAA investigates outage
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AAL
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https://www.nasdaq.com/articles/airlines-expect-u.s.-operations-to-rebound-on-thursday-as-faa-investigates-outage-0
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nan
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nan
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By David Shepardson and Rajesh Kumar Singh
WASHINGTON/CHICAGO, Jan 12 (Reuters) - U.S. airlines said they expect operations to return to normal on Thursday, as the Federal Aviation Administration (FAA) scrambles to pinpoint the cause of a computer outage that grounded flights nationally and to prevent it from happening again.
511 U.S. flights, however, were delayed and 63 were canceled as of Thursday early morning, according to FlightAware.
More than 11,300 flights were delayed or canceled on Wednesday in the first national grounding of domestic traffic in about two decades.
Major carriers such as Delta Air Lines DAL.N, United Airlines UAL.O and Southwest Airlines LUV.N said they expected normal operations on Thursday.
Shares of American Airlines AAL.O, which was not immediately available for a comment, were down about 1% premarket.
The FAA computer failure prevented airports from filing updated safety notices that warn pilots of potential hazards such as runway closures, equipment outages and construction, bringing flights to a temporary halt.
FAA officials said a preliminary review traced the problem to a damaged database file, but added there was no evidence of a cyberattack and the investigation was continuing.
The same file corrupted both the main system and its backup, said people familiar with the review, who asked not to be identified.
U.S. Senate Commerce Committee Chair Maria Cantwell, a Democrat, said the panel would investigate. Republican Senator Ted Cruz called the failure "completely unacceptable."
"The modernization of the FAA will be expensive, and will be paid for through a combination of taxes on air travel that affect all carriers and efficiencies by larger airlines," brokerage Bernstein said in a note.
Arjun Garg, former FAA chief counsel and acting deputy administrator, said that it was premature to draw any conclusions about the event, but that the agency was right to ground flights if a safety system was not operational.
Garg, now a partner at law firm Hogan Lovells, said the incident was a reminder that the FAA was subject to an annual appropriation cycle, making it difficult to plan and execute major multiyear projects such as air traffic control upgrades.
"The health of that agency and its ability to deliver on its mission really is important," he said in an interview. "It's a high-profile matter."
The FAA has been without a permanent administrator since March. The Senate has not held a hearing on President Joe Biden's pick to head the agency, Denver International Airport Chief Executive Phil Washington, who was renominated last week.
EXPLAINER-Why U.S. flights were grounded by a FAA system outage
Airlines hope for return to normal Thursday after FAA outage snarls U.S. travel
(Reporting by David Shepardson and Rajesh Kumar Singh, additional reporting by Abhijith Ganapavaram; writing by Jamie Freed; Editing by Gerry Doyle and Shailesh Kuber)
((David.Shepardson@thomsonreuters.com; 2028988324))
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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Shares of American Airlines AAL.O, which was not immediately available for a comment, were down about 1% premarket. By David Shepardson and Rajesh Kumar Singh WASHINGTON/CHICAGO, Jan 12 (Reuters) - U.S. airlines said they expect operations to return to normal on Thursday, as the Federal Aviation Administration (FAA) scrambles to pinpoint the cause of a computer outage that grounded flights nationally and to prevent it from happening again. The FAA computer failure prevented airports from filing updated safety notices that warn pilots of potential hazards such as runway closures, equipment outages and construction, bringing flights to a temporary halt.
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Shares of American Airlines AAL.O, which was not immediately available for a comment, were down about 1% premarket. By David Shepardson and Rajesh Kumar Singh WASHINGTON/CHICAGO, Jan 12 (Reuters) - U.S. airlines said they expect operations to return to normal on Thursday, as the Federal Aviation Administration (FAA) scrambles to pinpoint the cause of a computer outage that grounded flights nationally and to prevent it from happening again. The FAA computer failure prevented airports from filing updated safety notices that warn pilots of potential hazards such as runway closures, equipment outages and construction, bringing flights to a temporary halt.
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Shares of American Airlines AAL.O, which was not immediately available for a comment, were down about 1% premarket. By David Shepardson and Rajesh Kumar Singh WASHINGTON/CHICAGO, Jan 12 (Reuters) - U.S. airlines said they expect operations to return to normal on Thursday, as the Federal Aviation Administration (FAA) scrambles to pinpoint the cause of a computer outage that grounded flights nationally and to prevent it from happening again. Arjun Garg, former FAA chief counsel and acting deputy administrator, said that it was premature to draw any conclusions about the event, but that the agency was right to ground flights if a safety system was not operational.
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Shares of American Airlines AAL.O, which was not immediately available for a comment, were down about 1% premarket. By David Shepardson and Rajesh Kumar Singh WASHINGTON/CHICAGO, Jan 12 (Reuters) - U.S. airlines said they expect operations to return to normal on Thursday, as the Federal Aviation Administration (FAA) scrambles to pinpoint the cause of a computer outage that grounded flights nationally and to prevent it from happening again. More than 11,300 flights were delayed or canceled on Wednesday in the first national grounding of domestic traffic in about two decades.
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3011.0
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2023-01-12 00:00:00 UTC
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US STOCKS-Wall St eyes higher open after December inflation data
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-eyes-higher-open-after-december-inflation-data
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nan
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nan
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By Shubham Batra and Ankika Biswas
Jan 12 (Reuters) - U.S. stock index futures rose in choppy trading on Thursday as data showing a moderation in inflation added to hopes that the Federal Reserve will start slowing the pace of future rate hikes.
The Labor Department's report showed U.S. consumer prices grew 6.5% on an annual basis in December, in line with expectations, from a 7.1% rise last month.
Markets initially spiked lower after the data, but quickly reversed to edge higher as investors assessed the numbers. Consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December, suggesting that inflation was now on a sustained downward trend.
"The month-over-month numbers tell us inflation is definitely moderating, but maybe not at the pace the markets were hoping for," said Darrell Cronk, chief investment officer at Wells Fargo Wealth & Investment Management.
Consumer prices had been on a downward trend after peaking in June, with markets hoping that continued moderation in the latest inflation reading may persuade the Fed to soon signal a pause in its rate-hiking cycle.
Such optimism has supported equities in 2023, with the S&P 500 .SPX up 3.4% so far this year after logging its steepest decline since 2008 in the previous year due to the Fed's rapid interest rate hikes.
Some Fed policymakers earlier this week signaled the possibility of a 25-basis point hike during the February meeting, if the much-awaited consumer prices data further adds to evidence of a cooling economy.
This week marks the start of the quarterly earnings season, with big banks expected to report lower profits, while overall S&P 500 earnings are expected to decline year-over-year, according to Refinitiv.
At 8:58 a.m. ET, Dow e-minis 1YMcv1 were up 138 points, or 0.4%, S&P 500 e-minis EScv1 were up 17.25 points, or 0.43%, and Nasdaq 100 e-minis NQcv1 were up 45 points, or 0.39%.
Bed Bath & Beyond Inc BBBY.O climbed 19.8% in premarket trading, after rising for three consecutive sessions, despite bleak quarterly results.
Netflix Inc NFLX.O gained 1.9% as Jefferies raised its rating on the company's shares to "buy", while Tesla Inc TSLA.O dipped 0.4% following a report that the electric-car maker delayed plans to expand its Shanghai factory.
American Airlines Group Inc AAL.O advanced 4.5% after raising its fourth-quarter profit forecast on strong demand for travel during the key holiday season.
(Reporting by Shubham Batra, Bansari Mayur Kamdar and Ankika Biswas in Bengaluru; Editing by Shounak Dasgupta)
((Shubham.Batra@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 Group Inc AAL.O advanced 4.5% after raising its fourth-quarter profit forecast on strong demand for travel during the key holiday season. Consumer prices had been on a downward trend after peaking in June, with markets hoping that continued moderation in the latest inflation reading may persuade the Fed to soon signal a pause in its rate-hiking cycle. Some Fed policymakers earlier this week signaled the possibility of a 25-basis point hike during the February meeting, if the much-awaited consumer prices data further adds to evidence of a cooling economy.
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American Airlines Group Inc AAL.O advanced 4.5% after raising its fourth-quarter profit forecast on strong demand for travel during the key holiday season. By Shubham Batra and Ankika Biswas Jan 12 (Reuters) - U.S. stock index futures rose in choppy trading on Thursday as data showing a moderation in inflation added to hopes that the Federal Reserve will start slowing the pace of future rate hikes. The Labor Department's report showed U.S. consumer prices grew 6.5% on an annual basis in December, in line with expectations, from a 7.1% rise last month.
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American Airlines Group Inc AAL.O advanced 4.5% after raising its fourth-quarter profit forecast on strong demand for travel during the key holiday season. By Shubham Batra and Ankika Biswas Jan 12 (Reuters) - U.S. stock index futures rose in choppy trading on Thursday as data showing a moderation in inflation added to hopes that the Federal Reserve will start slowing the pace of future rate hikes. Consumer prices had been on a downward trend after peaking in June, with markets hoping that continued moderation in the latest inflation reading may persuade the Fed to soon signal a pause in its rate-hiking cycle.
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American Airlines Group Inc AAL.O advanced 4.5% after raising its fourth-quarter profit forecast on strong demand for travel during the key holiday season. The Labor Department's report showed U.S. consumer prices grew 6.5% on an annual basis in December, in line with expectations, from a 7.1% rise last month. Consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December, suggesting that inflation was now on a sustained downward trend.
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3012.0
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2023-01-12 00:00:00 UTC
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S&P 500 Movers: CRL, CTSH
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AAL
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https://www.nasdaq.com/articles/sp-500-movers%3A-crl-ctsh
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nan
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nan
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In early trading on Thursday, shares of Cognizant Technology Solutions topped the list of the day's best performing components of the S&P 500 index, trading up 6.7%. Year to date, Cognizant Technology Solutions registers a 14.8% gain.
And the worst performing S&P 500 component thus far on the day is Charles River Laboratories International, trading down 6.8%. Charles River Laboratories International is showing a gain of 5.7% looking at the year to date performance.
Two other components making moves today are Illumina, trading down 5.5%, and American Airlines Group, trading up 5.3% on the day.
VIDEO: S&P 500 Movers: CRL, CTSH
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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Year to date, Cognizant Technology Solutions registers a 14.8% gain. And the worst performing S&P 500 component thus far on the day is Charles River Laboratories International, trading down 6.8%. Charles River Laboratories International is showing a gain of 5.7% looking at the year to date performance.
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Year to date, Cognizant Technology Solutions registers a 14.8% gain. And the worst performing S&P 500 component thus far on the day is Charles River Laboratories International, trading down 6.8%. Charles River Laboratories International is showing a gain of 5.7% looking at the year to date performance.
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In early trading on Thursday, shares of Cognizant Technology Solutions topped the list of the day's best performing components of the S&P 500 index, trading up 6.7%. And the worst performing S&P 500 component thus far on the day is Charles River Laboratories International, trading down 6.8%. VIDEO: S&P 500 Movers: CRL, CTSH 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 early trading on Thursday, shares of Cognizant Technology Solutions topped the list of the day's best performing components of the S&P 500 index, trading up 6.7%. And the worst performing S&P 500 component thus far on the day is Charles River Laboratories International, trading down 6.8%. VIDEO: S&P 500 Movers: CRL, CTSH 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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3013.0
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2023-01-12 00:00:00 UTC
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Earnings Preview for the Week of January 16th
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AAL
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https://www.nasdaq.com/articles/earnings-preview-for-the-week-of-january-16th
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nan
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nan
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This week, investors focus on the upcoming inflation number. However, once that is in the rearview mirror, the focus will turn back to earnings season – which we are in the thick of currently. Below are the earnings reports to watch for the week of January 16th:
Tuesday, January 17th
New Oriental Education EDU is a stock that has illustrated Chinese market sentiment to perfection. In March of 2021, the stock neared $200 a share. Fast forward one year, and shares collapsed below $9 per share.
Image Source: Zacks Investment Research
Pictured: EDU had a nasty 2022 but shares are on the mend.
The Chinese provider of language education and prep courses was adversely impacted by China’s slowing economy and stringent Covid 19 lockdown policy. Now, the Chinese government is once again unlocking their markets by lifting the lockdowns and providing stimulus to an ailing economy. Consensus analyst estimates suggest that as China’s economy normalizes, so will New Oriental Education’s earnings. If this is the case, the stock may just be starting its rebound.
Image Source: Zacks Investment Research
Pictured: Estimate Revisions are rising for EDU and other Chinese stocks.
Interactive Brokers IBKR. A rising interest rate environment (like the one we’re in now) is often a headwind for most stocks. However, Interactive Brokers, a multi-asset class online broker that caters to sophisticated traders, is one exception. On its October 17thearnings call the company announced an earnings surprise. The catalyst? IBKR saw its revenue from margin loans to customers spike dramatically as rates rose.
Image Source: Zacks Investment Research
Pictured: IBKR hopes to keep its earnings momentum up as interest rates rise.
Interactive Brokers has a healthy Expected EPS 3-5 Year Growth Rate of 22.47% and holds the best possible Zack’s #1 ranking, suggesting that last quarter’s results may not be a one-and-done. In an impressive show of relative price strength, the stock sits less than 5% off its all-time high while the major U.S. indexes remain well off their highs.
Image Source: Zacks Investment Research
Pictured: IBKR and other stock brokers are outperforming the market in recent months.
Goldman Sachs GS and Morgan Stanley MS are leading investment management and banking companies. Like most stocks, banks performed poorly last year. Goldman Sachs and Morgan Stanley hold mediocre Zack’s Rankings of 3. That said, a surprise to the upside may help these stocks turn around. Valuations are getting more attractive. For example, GS has a P/E ratio of just 9.52, which compares favorably to the S&P 500 Indexes 17.8.
Image Source: Zacks Investment Research
Pictured: Banks like GS are starting to get attractive on a valuation basis. We will get more info next week when they report.
Another positive development in the sector is the technical picture. GS, MS, and JP Morgan JPM are all experiencing “golden crosses”. A golden cross occurs when the 50-day moving average crosses above the 200-day moving average. Golden crosses favor bulls.
Image Source: Zacks Investment Research
Pictured: GS 50-day has crossed over its 200-day moving average to signal a golden cross.
United Airlines UAL, the holding company for United Airlines and Continental Airlines, has been on a tear for the past two weeks. In the upcoming quarter, United is expected to post earnings of $2.09 per share up a strong 230% versus last year. More importantly, Zack’s Consensus Estimates have been on the rise and have changed by 27.4% over the past 30 days. Zacks Research suggests that rising consensus estimates is one of the key ingredients to finding winning stocks. UAL currently holds an overall Zacks Ranking of 2.
Image Source: Zacks Investment Research
Pictured: UAL is estimated to have massive growth versus last year. The stock rose yesterday even as most domestic flights were cancelled.
Wednesday, airlines like Delta DAL and United rose even as a temporary grounding by the Federal Aviation Administration (FAA) grounded all flights. Delta is set to report earnings Friday. With airlines like UAL up nearly 25% in the past two weeks into earnings, investors should be sizing up whether the risk-reward is worth it or if it is better to watch from the sidelines. Either way, the industry seems to be turning the corner.
Wednesday, January 18th
Charles Schwab SCHW is a securities brokerage, loan holding company, and asset management firm. Like its industry group peer Interactive Brokers, the stock has outperformed the general market, although it maintains a mid-tier Zack’s Ranking of 3.
Alcoa AA is the leading aluminum miner in the world. Earnings and revenues are set to slow for a second straight quarter as consensus EPS estimates for the quarter have been revised lower by 33.33% over the past 30 days. A key technical zone to watch will be the 200-day moving average. The stock is trying to clear the technical level for the first time since early 2022.
Image Source: Zacks Investment Research
Pictured: Alcoa is trying to pop back above its 200-day moving average.
Thursday, January 19th
Netflix NFLX is the streaming spaces pioneer and leader – boasting more than 220.67 million subscribers worldwide. Last year, even though the company beat earnings expectations, shares stumbled as subscriber growth expectations slowed. Shares of Netflix have stormed back since making lows last May. The stock recently triggered a golden cross.
Image Source: Zacks Investment Research
Pictured: Netflix will be a big earnings report for tech. Last year shares weighed down the Nasdaq.
Proctor and Gamble PG is a massive consumer products company. PG is the perfect stock for those who want to avoid drama and sleep at night. The stock has a beta of just 0.42 and pays a healthy dividend of 2.41%.
American Airlines AAL will cap off earnings for the major airlines next week. AAL has seen strong buying in recent days. The stock has been up for eight straight days, of which six were on above-average volume. While it is never prudent to chase price moves, investors should keep their eye on the industry as a potential turnaround play in 2023.
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
The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
Morgan Stanley (MS) : Free Stock Analysis Report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
Procter & Gamble Company The (PG) : Free Stock Analysis Report
Alcoa (AA) : Free Stock Analysis Report
The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report
Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
New Oriental Education & Technology Group, Inc. (EDU) : 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 will cap off earnings for the major airlines next week. AAL has seen strong buying in recent days. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Procter & Gamble Company The (PG) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report New Oriental Education & Technology Group, Inc. (EDU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Procter & Gamble Company The (PG) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report New Oriental Education & Technology Group, Inc. (EDU) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL will cap off earnings for the major airlines next week. AAL has seen strong buying in recent days.
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Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Procter & Gamble Company The (PG) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report New Oriental Education & Technology Group, Inc. (EDU) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL will cap off earnings for the major airlines next week. AAL has seen strong buying in recent days.
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American Airlines AAL will cap off earnings for the major airlines next week. AAL has seen strong buying in recent days. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Procter & Gamble Company The (PG) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report New Oriental Education & Technology Group, Inc. (EDU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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3014.0
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2023-01-12 00:00:00 UTC
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5 Broker-Friendly Stocks to Rely on Amid the Market Chaos
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AAL
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https://www.nasdaq.com/articles/5-broker-friendly-stocks-to-rely-on-amid-the-market-chaos
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nan
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nan
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Year 2022 was marked by extreme turbulence and volatility. To combat the sky-high inflation, the Fed adopted a hawkish stance and raised interest rates multiple times during the course of the year. Despite moderating a little bit, inflation remains high in the United States. Consequently, further rate hikes in 2023 are likely.
The sky-high inflation apart, uncertainty due to the Russia-Ukraine war and the resurgence of COVID-19 cases, particularly in China, are further concerns. Despite the uncertainty, shunning equities is not an advisable option. We believe that investors should include broker-favorite stocks like American Airlines AAL, Cleveland-Cliff CLF, Boise Cascade Company BCC, Thor Industries THO and Caleres CAL in their watchlist.
Brokers, irrespective of their types (sell-side, buy-side or independent), undertake thorough research of the stocks covered by them. They have at their disposal a lot more information on a company and its prospects than individual investors. To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Consequently, the opinion of brokers should act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.
Movement of Earnings Estimates: A Solid Pointer
Since brokers follow the stocks in their coverage minutely, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. In fact, a rating upgrade or downgrade by brokers has the potential to immediately influence the price of the stock.
Given the expertise and know-how of brokers in investment matters, it is natural for investors to believe that there is a solid reason/logic behind brokers improving their recommendation on a particular stock. In fact, a rating upgrade generally leads to stock price appreciation and vice versa. Estimates can move north for a number of reasons — favorable earnings performance, bullish guidance, product launch or any favorable macro scenario.
To take care of the earnings performance, we have designed a screen based on improving analyst recommendations and upward estimate revisions over the last four weeks.
Ignore the Top Line at Your Peril
To design a winning strategy, it is not wise to consider only the bottom line only. In fact, according to some market watchers, a top-line outperformance is more creditable for a stock than mere earnings beat under some circumstances. Therefore, to make our strategy full-proof, one needs to address top-line concerns as well. We have considered the price/sales ratio, which serves as a strong complementary valuation metric, for screening stocks.
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 4 weeks.
% change in Q (1) est. (4 weeks) = Top #10: This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
Price-to-Sales = Bot%10: The lower the ratio, the better. Companies meeting this criterion are in the bottom 10% of our universe of over 7,700 stocks.
Price greater than 5: A stock trading below $5 will not likely be of significant interest to most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days: Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000: This gives us stocks that are the top 3000 in terms of market capitalization.
Com/ADR/Canadian= Com: This takes out the ADR and Canadian stocks.
Here are five of the 10 stocks that passed the screen test:
American Airlines is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are hurting the bottom line.
Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 13.1% upward. American Airlines currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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 2023 earnings has been revised 54% upward. Cleveland-Cliffs currently sports a Zacks Rank #1.
Boise Cascade Company: Based in Boise, ID, BCC makes wood products and distributes building materials in the United States as well as Canada. Boise Cascade’s Building Materials Distribution and Wood Products segments are gaining strength from strong end-product demand as well as higher commodity product prices. It has also been increasing commodity offerings that will instill growth in the existing markets, underserved markets and across its entire national footprint.
Over the past 60 days, the Zacks Consensus Estimate for 2023 earnings has been revised 0.8% upward. BCC currently carries a Zacks Rank #3 (Hold).
Thor Industries is benefiting from its growth by acquisition strategy. The buyout of Germany-based EHG made Thor the largest recreational vehicle (RV) manufacturer in the world. Its cash flow generating ability also bodes well.
Over the past 30 days, the Zacks Consensus Estimate for 2023 earnings has been revised 0.8% upward. THO currently carries a Zacks Rank #3.
Caleres is a leading footwear retailer and wholesaler in the United States, China, Canada and Guam. The company operates through Famous Footwear and Brand Portfolio segments. This Saint Louis, MO-based company has been benefiting from the positive consumer demand trends and accelerated recovery in the footwear marketplace, aiding its sales.
The momentum in the Famous Footwear brand is expected to contribute meaningfully to sales growth. Strong performances of CAL’s emerging brands, including Vionic, Sam Edelman, Allen Edmonds and Blowfish Malibu, are expected to be growth drivers. Caleres has an excellent surprise history with its earnings having surpassed the Zacks Consensus Estimate in each of the last four quarters, the average being 26% CAL currently carries a Zacks Rank #3.
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 backtest 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 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
Thor Industries, Inc. (THO) : Free Stock Analysis Report
ClevelandCliffs Inc. (CLF) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Boise Cascade, L.L.C. (BCC) : Free Stock Analysis Report
Caleres, Inc. (CAL) : 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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We believe that investors should include broker-favorite stocks like American Airlines AAL, Cleveland-Cliff CLF, Boise Cascade Company BCC, Thor Industries THO and Caleres CAL in their watchlist. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 13.1% upward.
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We believe that investors should include broker-favorite stocks like American Airlines AAL, Cleveland-Cliff CLF, Boise Cascade Company BCC, Thor Industries THO and Caleres CAL in their watchlist. Click to get this free report Thor Industries, Inc. (THO) : Free Stock Analysis Report ClevelandCliffs Inc. (CLF) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Boise Cascade, L.L.C. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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Click to get this free report Thor Industries, Inc. (THO) : Free Stock Analysis Report ClevelandCliffs Inc. (CLF) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Boise Cascade, L.L.C. We believe that investors should include broker-favorite stocks like American Airlines AAL, Cleveland-Cliff CLF, Boise Cascade Company BCC, Thor Industries THO and Caleres CAL in their watchlist. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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We believe that investors should include broker-favorite stocks like American Airlines AAL, Cleveland-Cliff CLF, Boise Cascade Company BCC, Thor Industries THO and Caleres CAL in their watchlist. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 13.1% upward.
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3015.0
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2023-01-11 00:00:00 UTC
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American Airlines (AAL) Gains But Lags Market: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-gains-but-lags-market%3A-what-you-should-know-7
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nan
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nan
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American Airlines (AAL) closed at $15.34 in the latest trading session, marking a +0.99% move from the prior day. This move lagged the S&P 500's daily gain of 1.29%. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 10.96%.
Coming into today, shares of the world's largest airline had gained 12.85% in the past month. In that same time, the Transportation sector gained 1.39%, while the S&P 500 lost 0.23%.
Wall Street will be looking for positivity from American Airlines as it approaches its next earnings report date. The company is expected to report EPS of $0.58, up 140.85% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $12.71 billion, up 34.79% from the prior-year quarter.
Investors might also notice 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, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 5.3% higher. American Airlines is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that American Airlines has a Forward P/E ratio of 8.79 right now. This represents a discount compared to its industry's average Forward P/E of 12.57.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Free Report: Must-See Energy Stocks for 2023
Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!)
Download Oil Market on Fire today, absolutely 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 $15.34 in the latest trading session, marking a +0.99% 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. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you.
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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 $15.34 in the latest trading session, marking a +0.99% move from the prior day. 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.
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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 $15.34 in the latest trading session, marking a +0.99% move from the prior day. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 19% of all 250+ industries.
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American Airlines (AAL) closed at $15.34 in the latest trading session, marking a +0.99% 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. Within the past 30 days, our consensus EPS projection has moved 5.3% higher.
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3016.0
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2023-01-11 00:00:00 UTC
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3 Stocks to Buy for Earnings Growth in 2023
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AAL
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https://www.nasdaq.com/articles/3-stocks-to-buy-for-earnings-growth-in-2023
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nan
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nan
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Wall Street was up in arms yesterday after Morgan Stanley released their FY 2023 earnings expectations. They weren’t good.
Most analysts agree about the coming recession so few companies are projected to grow their sales and earnings in 2023.
There are, of course, exceptions as the economy does keep moving forward even during a recession. The Zacks Rank and some clever filtering can help identify stocks that may still perform well in 2023.
American Airlines
After getting obliterated in response to the world altering Covid-19 pandemic, American Airlines appears to finally be in a position to make a recovery. AAL is a Zacks Rank #1 (Strong Buy) stock, and one of few companies with positive sales growth expectations for 2023. Analysts have next year’s sales projected to be +5.8% while earnings are expected to be up over 1000%.
Also encouraging are consensus earnings estimates, which have been revised higher by 20% over the last 90 days. American Airlines stock price has started the year on a tear, positive 6 of the last 7 days rallying an impressive 19% YTD.
Image Source: Zacks Investment Research
FY 2022 estimates are extremely promising as well. Sales growth for the company is FY2022 is expected to be +63%, and earnings projected at +98%. This is an extremely welcome improvement to AAL’s financials as the stock price is still 50% off it’s pre-Covid price of $31. Additionally the stock traded in a range of $12-$16 for most of the second half of 2022 and looks to be breaking out on these improving estimates.
Image Source: Zacks Investment Research
Harley Davidson
Another Zacks Rank #1 (Strong Buy) stock is Harley Davidson. HOG is among the rare list of companies with positive sales and earnings growth expectations for 2023. Next year sales are estimated at +2.7%, and earnings +1.1%. FY 2022 sales were projected to grow 7.5% pushing earnings estimates up to 12.7%.
Harley Davidson has a P/E ratio of 9x, below the industry average of 18x, and inline with its historical median of 10.5x. HOG also raised their dividend 3.8% this year, and 36% last year showing management’s willingness to return cash to shareholders. The dividend now stands at $0.62 per share or 1.43% yield.
Image Source: Zacks Investment Research
Arista Networks
Arista Networks is a cloud networks computing company providing applications to a range of industries. ANET sports a Zacks Rank #1 (Strong Buy) due to its strong upward earnings revisions.
Image Source: Zacks Investment Research
Arista Networks’ 2023 sales are forecasted to climb +22% to lift, earnings by +19%. Arista Networks has had FY23 consensus earnings revised up 15% over the last 90 days. You are going to have to pay a premium for that growth though as ANET trades at a TTM P/E of 33x. This is well above the industry average of 19x, but below its 5yr median of 38x.
Image Source: Zacks Investment Research
Such a rich valuation is often the case for companies with strong growth prospects. Cloud services is one of the fastest growing industries in the world, with the industry expected to grow a whopping 20.7% this year from $490 billion to $591 billion. This leaves ANET is very well positioned to benefit from this global trend.
Conclusion
Wall Street has low expectations for 2023, but that doesn't mean every stock will shrink its revenue and earnings. Even in down years there will be places to hide. The Zacks Rank, and its use of earnings revisions is one very effective way to find these stocks.
Free Report: Must-See Energy Stocks for 2023
Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!)
Download Oil Market on Fire today, absolutely 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
HarleyDavidson, Inc. (HOG) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : 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 is a Zacks Rank #1 (Strong Buy) stock, and one of few companies with positive sales growth expectations for 2023. This is an extremely welcome improvement to AAL’s financials as the stock price is still 50% off it’s pre-Covid price of $31. Click to get this free report HarleyDavidson, Inc. (HOG) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report HarleyDavidson, Inc. (HOG) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL is a Zacks Rank #1 (Strong Buy) stock, and one of few companies with positive sales growth expectations for 2023. This is an extremely welcome improvement to AAL’s financials as the stock price is still 50% off it’s pre-Covid price of $31.
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AAL is a Zacks Rank #1 (Strong Buy) stock, and one of few companies with positive sales growth expectations for 2023. Click to get this free report HarleyDavidson, Inc. (HOG) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. This is an extremely welcome improvement to AAL’s financials as the stock price is still 50% off it’s pre-Covid price of $31.
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AAL is a Zacks Rank #1 (Strong Buy) stock, and one of few companies with positive sales growth expectations for 2023. This is an extremely welcome improvement to AAL’s financials as the stock price is still 50% off it’s pre-Covid price of $31. Click to get this free report HarleyDavidson, Inc. (HOG) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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3017.0
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2023-01-11 00:00:00 UTC
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Notable Wednesday Option Activity: PINS, AAL, BLK
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AAL
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-pins-aal-blk
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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 Pinterest Inc (Symbol: PINS), where a total of 52,629 contracts have traded so far, representing approximately 5.3 million underlying shares. That amounts to about 48.5% of PINS's average daily trading volume over the past month of 10.9 million shares. Especially high volume was seen for the $32.50 strike call option expiring May 19, 2023, with 3,748 contracts trading so far today, representing approximately 374,800 underlying shares of PINS. Below is a chart showing PINS's trailing twelve month trading history, with the $32.50 strike highlighted in orange:
American Airlines Group Inc (Symbol: AAL) options are showing a volume of 128,304 contracts thus far today. That number of contracts represents approximately 12.8 million underlying shares, working out to a sizeable 48.5% of AAL's average daily trading volume over the past month, of 26.5 million shares. Especially high volume was seen for the $15 strike call option expiring January 13, 2023, with 9,186 contracts trading so far today, representing approximately 918,600 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $15 strike highlighted in orange:
And Blackrock Inc (Symbol: BLK) options are showing a volume of 3,322 contracts thus far today. That number of contracts represents approximately 332,200 underlying shares, working out to a sizeable 47.8% of BLK's average daily trading volume over the past month, of 695,275 shares. Particularly high volume was seen for the $1000 strike call option expiring January 17, 2025, with 181 contracts trading so far today, representing approximately 18,100 underlying shares of BLK. Below is a chart showing BLK's trailing twelve month trading history, with the $1000 strike highlighted in orange:
For the various different available expirations for PINS options, AAL options, or BLK options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
HIBB Stock Predictions
TPZ YTD Return
ACI Historical PE Ratio
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 $15 strike call option expiring January 13, 2023, with 9,186 contracts trading so far today, representing approximately 918,600 underlying shares of AAL. Below is a chart showing PINS's trailing twelve month trading history, with the $32.50 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 128,304 contracts thus far today. That number of contracts represents approximately 12.8 million underlying shares, working out to a sizeable 48.5% of AAL's average daily trading volume over the past month, of 26.5 million shares.
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That number of contracts represents approximately 12.8 million underlying shares, working out to a sizeable 48.5% of AAL's average daily trading volume over the past month, of 26.5 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $15 strike highlighted in orange: And Blackrock Inc (Symbol: BLK) options are showing a volume of 3,322 contracts thus far today. Below is a chart showing PINS's trailing twelve month trading history, with the $32.50 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 128,304 contracts thus far today.
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Especially high volume was seen for the $15 strike call option expiring January 13, 2023, with 9,186 contracts trading so far today, representing approximately 918,600 underlying shares of AAL. Below is a chart showing PINS's trailing twelve month trading history, with the $32.50 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 128,304 contracts thus far today. That number of contracts represents approximately 12.8 million underlying shares, working out to a sizeable 48.5% of AAL's average daily trading volume over the past month, of 26.5 million shares.
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Below is a chart showing BLK's trailing twelve month trading history, with the $1000 strike highlighted in orange: For the various different available expirations for PINS options, AAL options, or BLK options, visit StockOptionsChannel.com. Below is a chart showing PINS's trailing twelve month trading history, with the $32.50 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 128,304 contracts thus far today. That number of contracts represents approximately 12.8 million underlying shares, working out to a sizeable 48.5% of AAL's average daily trading volume over the past month, of 26.5 million shares.
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3018.0
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2023-01-11 00:00:00 UTC
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US STOCKS-Wall St rises on optimism ahead of inflation report
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-rises-on-optimism-ahead-of-inflation-report
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nan
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nan
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By Caroline Valetkevitch
NEW YORK, Jan 11 (Reuters) - U.S. stocks climbed in afternoon trading on Wednesday, led by gains in the Nasdaq as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes.
The much-anticipated report due on Thursday is projected by economists polled by Reuters to show U.S. consumer prices likely grew 6.5% year-on-year in December, moderating from a 7.1% rise in November.
Most S&P 500 sectors were higher, with real estate .SPLRCR up the most followed by consumer discretionary .SPLRCD.
Stocks have risen in recent sessions, helped by hopes that the Fed could soon pause its cycle of rate hikes, even as comments by some Fed officials have supported the view that the central bank needs to remain aggressive in raising interest rates to fight inflation.
"Investors are anticipating that we're closer to a pause than at any other point last year," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. He said that would be welcomed by the market.
The Dow Jones Industrial Average .DJI rose 196.99 points, or 0.58%, to 33,901.09, the S&P 500 .SPX gained 36.81 points, or 0.94%, to 3,956.06 and the Nasdaq Composite .IXIC added 136.19 points, or 1.27%, to 10,878.82.
Money market participants see a 75% chance the Fed will raise the benchmark rate by 25 basis points in February. FEDWATCH
This week also marks the start of the fourth-quarter earnings season for S&P 500 companies, with overall S&P 500 earnings expected to have declined year-over-year.
Wall Street's biggest banks, which kick off the season later this week, are expected to report lower quarterly profits amid risks of a recession due to monetary policy tightening.
Retailer Bed Bath & Beyond Inc BBBY.O jumped despite bleak quarterly results, with some investors speculating it could be a potential acquisition target.
Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N were higher. U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration scrambled to fix a system outage overnight.
Advancing issues outnumbered declining ones on the NYSE by a 3.34-to-1 ratio; on Nasdaq, a 2.13-to-1 ratio favored advancers.
The S&P 500 posted 11 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 78 new highs and 16 new lows.
(Reporting by Caroline Valetkevitch; Additional reporting by Shubham Batra and Amruta Khandekar in Bengaluru; Editing by Shounak Dasgupta and Grant McCool)
((caroline.valetkevitch@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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Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N were higher. By Caroline Valetkevitch NEW YORK, Jan 11 (Reuters) - U.S. stocks climbed in afternoon trading on Wednesday, led by gains in the Nasdaq as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes. The much-anticipated report due on Thursday is projected by economists polled by Reuters to show U.S. consumer prices likely grew 6.5% year-on-year in December, moderating from a 7.1% rise in November.
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Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N were higher. By Caroline Valetkevitch NEW YORK, Jan 11 (Reuters) - U.S. stocks climbed in afternoon trading on Wednesday, led by gains in the Nasdaq as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes. Stocks have risen in recent sessions, helped by hopes that the Fed could soon pause its cycle of rate hikes, even as comments by some Fed officials have supported the view that the central bank needs to remain aggressive in raising interest rates to fight inflation.
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Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N were higher. By Caroline Valetkevitch NEW YORK, Jan 11 (Reuters) - U.S. stocks climbed in afternoon trading on Wednesday, led by gains in the Nasdaq as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes. Stocks have risen in recent sessions, helped by hopes that the Fed could soon pause its cycle of rate hikes, even as comments by some Fed officials have supported the view that the central bank needs to remain aggressive in raising interest rates to fight inflation.
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Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N were higher. Stocks have risen in recent sessions, helped by hopes that the Fed could soon pause its cycle of rate hikes, even as comments by some Fed officials have supported the view that the central bank needs to remain aggressive in raising interest rates to fight inflation. The Dow Jones Industrial Average .DJI rose 196.99 points, or 0.58%, to 33,901.09, the S&P 500 .SPX gained 36.81 points, or 0.94%, to 3,956.06 and the Nasdaq Composite .IXIC added 136.19 points, or 1.27%, to 10,878.82.
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3019.0
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2023-01-11 00:00:00 UTC
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US STOCKS-Wall St climbs on growth stocks boost ahead of inflation data
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-climbs-on-growth-stocks-boost-ahead-of-inflation-data
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nan
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nan
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By Shubham Batra and Amruta Khandekar
Jan 11 (Reuters) - Wall Street's main indexes rose on Wednesday led by gains in rate-sensitive growth stocks as the focus shifts to a key inflation reading due later this week, which would provide more clues on the Federal Reserve's rate hike trajectory.
Nearly all major S&P sectoral indexes were trading in the green, with Amazon.com Inc AMZN.O and Tesla Inc TSLA.O up 4.0% and 3.8% respectively, and among top boosts to the benchmark S&P 500 index .SPX.
Gains in both the stocks pushed up the consumer discretionary sector .SPLRCD nearly 2%. Only healthcare stocks .SPXHC were an outlier, down marginally.
Markets are facing renewed optimism in 2023 on hopes that a slowdown in the U.S. economy could pave the way for a less hawkish stance from the U.S. central bank.
The highly awaited inflation report from the Labor Department on Thursday is expected to show U.S. consumer prices likely grew 6.5% year-on-year in December, from 7.1% a month ago, while core inflation grew 5.7% in December, from 6% in November.
While further evidence of an easing in price pressures could bolster hopes of the Fed pausing its rate hiking cycle soon, recent comments by some policymakers have supported the view that the Fed needs to remain aggressive in raising interest rates to fight inflation.
"(Investors) feel inflation is being tamed and that there's more risk of not being in the market than there is of being in the market," said Christopher Grisanti, chief equity strategist at MAI Capital Management in Cleveland.
"If there's good inflation numbers, February may be the last hiking, or they (the Fed) may even pause."
Money market participants see a 77% chance the Fed will raise the benchmark rate by 25 basis points to 4.50%-4.75% in February, and see rates peaking at 4.92% by June. FEDWATCH
Wall Street's main indexes rallied on Tuesday as Fed Chair Jerome Powell refrained from commenting on the outlook for interest rates ahead of the inflation data, but said the Fed's independence was essential for it to battle inflation.
This week marks the start of the earnings season for S&P 500 companies, with Wall Street's biggest banks expected to report lower quarterly profits amid risks of a recession due to monetary policy tightening.
At 10:05 a.m. ET, the Dow Jones Industrial Average .DJI was up 100.21 points, or 0.30%, at 33,804.31, the S&P 500 .SPX was up 19.72 points, or 0.50%, at 3,938.97, and the Nasdaq Composite .IXIC was up 69.58 points, or 0.65%, at 10,812.21.
Home goods retailer Bed Bath & Beyond Inc BBBY.O jumped 31.2%, after logging gains in the previous session despite bleak quarterly results as retail investors speculated it could be a potential acquisition target and as short-sellers closed out bets.
Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N reversed premarket losses to rise between 0.8% and 2.5%, as U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration scrambled to fix a system outage overnight.
Advancing issues outnumbered decliners for a 3.99-to-1 ratio on the NYSE and a 2.24-to-1 ratio on the Nasdaq.
The S&P index recorded nine new 52-week highs and no new low, while the Nasdaq recorded 43 new highs and 11 new lows.
(Reporting by Shubham Batra and Amruta Khandekar in Bengaluru; Editing by Shounak Dasgupta)
((Shubham.Batra@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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Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N reversed premarket losses to rise between 0.8% and 2.5%, as U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration scrambled to fix a system outage overnight. By Shubham Batra and Amruta Khandekar Jan 11 (Reuters) - Wall Street's main indexes rose on Wednesday led by gains in rate-sensitive growth stocks as the focus shifts to a key inflation reading due later this week, which would provide more clues on the Federal Reserve's rate hike trajectory. Markets are facing renewed optimism in 2023 on hopes that a slowdown in the U.S. economy could pave the way for a less hawkish stance from the U.S. central bank.
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Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N reversed premarket losses to rise between 0.8% and 2.5%, as U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration scrambled to fix a system outage overnight. By Shubham Batra and Amruta Khandekar Jan 11 (Reuters) - Wall Street's main indexes rose on Wednesday led by gains in rate-sensitive growth stocks as the focus shifts to a key inflation reading due later this week, which would provide more clues on the Federal Reserve's rate hike trajectory. FEDWATCH Wall Street's main indexes rallied on Tuesday as Fed Chair Jerome Powell refrained from commenting on the outlook for interest rates ahead of the inflation data, but said the Fed's independence was essential for it to battle inflation.
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Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N reversed premarket losses to rise between 0.8% and 2.5%, as U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration scrambled to fix a system outage overnight. By Shubham Batra and Amruta Khandekar Jan 11 (Reuters) - Wall Street's main indexes rose on Wednesday led by gains in rate-sensitive growth stocks as the focus shifts to a key inflation reading due later this week, which would provide more clues on the Federal Reserve's rate hike trajectory. While further evidence of an easing in price pressures could bolster hopes of the Fed pausing its rate hiking cycle soon, recent comments by some policymakers have supported the view that the Fed needs to remain aggressive in raising interest rates to fight inflation.
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Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N reversed premarket losses to rise between 0.8% and 2.5%, as U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration scrambled to fix a system outage overnight. By Shubham Batra and Amruta Khandekar Jan 11 (Reuters) - Wall Street's main indexes rose on Wednesday led by gains in rate-sensitive growth stocks as the focus shifts to a key inflation reading due later this week, which would provide more clues on the Federal Reserve's rate hike trajectory. Gains in both the stocks pushed up the consumer discretionary sector .SPLRCD nearly 2%.
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3020.0
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2023-01-11 00:00:00 UTC
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Airline Stock Roundup: LUV's Bearish Q4 Outlook, SAVE's Labor Deal & More
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-luvs-bearish-q4-outlook-saves-labor-deal-more
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In the past week, Southwest Airlines’ LUV management stated that following the mass flight cancellations, the carrier is likely to incur a loss in fourth-quarter 2022. Meanwhile, American Airlines AAL has decided to drop service to three cities in the United States mainly due to pilot shortage.
Alaska Airlines, the wholly-owned subsidiary of Alaska Air Group ALK, also hogged the limelight courtesy of its plan to significantly boost its workforce during the current year. In another positive update, Spirit Airlines SAVE inked a pay-related deal with its pilots’ union, Air Line Pilots’ association or ALPA.
Recap of the Latest Top Stories
1 American Airlines’ management has decided to stop operating flights to Columbus, GA, Del Rio, TX and Long Beach, CA, in the spring of this year. Flights to these three cities are operated by AAL’s regional partners. Management has cited a pilot shortage and soft demand on those routes as reasons behind the decision. After the exit of AAL, Delta Air Lines DAL will be the only carrier to operate flights at the Columbus airport. Following their withdrawal from the abovementioned three U.S. cities, the total number of markets exited by AAL since the commencement of the pandemic is 18.
American Airlines currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here
2. Per a SEC filing, LUV had to cancel in excess of 16,700 flights in the Dec 21 – Dec 31, 2022 timeframe due to the inclement weather. Following the massive cancellations, LUV expects available seat miles (a measure of capacity) to decline approximately 6% in fourth-quarter 2022 from fourth-quarter 2019 actuals. The previous guidance hinted at a 2% decline in available seat miles for fourth-quarter 2022. Revenues are likely to be adversely impacted to the tune of $400-$425 million.
3. Spirit Airlines received encouraging tidings on the labor front when the union, ALPA, covering its pilots ratified a pay-related deal. The majority of the pilots (69%) voted in favor of the deal. The ratification implies that pilots at SAVE are eligible for a 34% pay hike over the next two years. This ratified deal is effective retroactively to Jan 1, 2023. Per the terms of the deal, SAVE’s pilots are eligible to immediately restart negotiations in the event of SAVE’s impending takeover by JetBlue Airways JBLU not materializing.
JetBlue was in the news recently owing to its management’s decision to add flights to London. That story was covered in the previous week’s write-up.
4. Alaska Airlines intends to hire 3,525 employees across various roles (maintenance technicians, contact center agents, flight attendants to pilots, customer service agents, software engineers among others) in 2023. Per Andy Schneider, the senior vice president of people at Alaska Airlines, “We offer a wide variety of positions, and we pride ourselves on nurturing talent and providing opportunities to learn new skills and move into new, challenging roles. Come join our winning team!." Given the carrier’s plans to expand its fleet and the buoyant air-travel demand, the decision to go on a hiring spree seems to be a prudent one.
Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
Image Source: Zacks Investment Research
The table above shows that all airline stocks traded in the green over the past week. The NYSE ARCA Airline Index increased 9.5% to $60.45 over the past week. Over the course of the past six months, the NYSE ARCA Airline Index also increased 9.5%.
What's Next in the Airline Space?
For the airline space, Delta will kickstart the fourth-quarter 2022 earnings season on Jan 13. Upbeat air-travel demand is expected to have aided DAL’s fourth-quarter performance. High operating expenses, however, may have restricted bottom-line growth.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE) : 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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Meanwhile, American Airlines AAL has decided to drop service to three cities in the United States mainly due to pilot shortage. Flights to these three cities are operated by AAL’s regional partners. After the exit of AAL, Delta Air Lines DAL will be the only carrier to operate flights at the Columbus airport.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, American Airlines AAL has decided to drop service to three cities in the United States mainly due to pilot shortage. Flights to these three cities are operated by AAL’s regional partners.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, American Airlines AAL has decided to drop service to three cities in the United States mainly due to pilot shortage. Flights to these three cities are operated by AAL’s regional partners.
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Flights to these three cities are operated by AAL’s regional partners. Meanwhile, American Airlines AAL has decided to drop service to three cities in the United States mainly due to pilot shortage. After the exit of AAL, Delta Air Lines DAL will be the only carrier to operate flights at the Columbus airport.
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3021.0
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2023-01-11 00:00:00 UTC
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Will Airline Stocks Suffer From the Latest FAA Fiasco?
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AAL
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https://www.nasdaq.com/articles/will-airline-stocks-suffer-from-the-latest-faa-fiasco
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nan
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nan
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The stock market has managed to show some signs of early strength in 2023, fighting back against downward pressure. Major market benchmarks are all up on the year so far, and stock index futures suggested that Wednesday morning might bring modest gains to add to the upward momentum.
One of the leading areas of the stock market in the opening couple of weeks of the new year has been the airline industry. Even as December storms forced holiday travelers to deal with significant disruptions to their travel plans, investors have increasingly believed that the worst times for airlines are now behind them. On Wednesday morning, however, news of yet another problem hit the travel industry hard, raising speculation about a potential point of weakness for the transportation system and causing investors to ask questions about what the impact on airline stocks might be.
Grounded
Air travelers woke up to bad news on Wednesday morning, as the Federal Aviation Administration suffered an outage in a key safety system. The FAA's Notice to Air Missions (NOTAM) system failed, causing problems with operations throughout U.S. airspace and leading the agency to order a temporary halt to all domestic flight departures.
NOTAMs provide essential updates to pilots on a wide variety of issues, including information about runway and taxiway closures, field conditions during weather events, and availability of navigational aids.
The FAA said it is working to restore the NOTAM system as quickly as possible, going through validation checks to ensure the integrity of the system and its database. As of 9 a.m. ET, the FAA had lifted its ground stop, and normal air traffic operations began to resume. Nevertheless, travelers can expect continued delays as the impact of the halt ripples across daily flight schedules.
Just another obstacle to overcome
For the most part, airline stocks didn't immediately react negatively to the news. Delta Air Lines (NYSE: DAL) shares were down about half a percent in premarket trading, and both American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) saw similar moves lower. Southwest Airlines (NYSE: LUV) took a slightly larger hit, but the 1.5% drop still wasn't a major problem.
The news comes at an unfortunate time, particularly for Southwest, which took a long time to recover from holiday storms in December. The airline's computer system played a role in the difficulties that Southwest faced in getting planes, crews, and passengers in the right place at the right time following the storms. Southwest passengers might therefore be particularly sensitive in seeing the failure in the FAA's computer system as a reminder of how technological problems increasingly affect the quality of air travel.
For its part, Delta is scheduled to release its latest quarterly financial results on Friday. Investors expect Delta to close 2022 with a profit of more than $3 per share, as the airline revs back up toward pre-pandemic levels of revenue and passenger volume. Moreover, shareholders have high hopes for Delta's continued ascent in 2023, expecting $5 per share in earnings. Indeed, the relatively low valuations for airline stocks have been part of the reason why value-seeking investors have identified them as candidates for strong returns in the coming year.
Keep your eyes on the skies
The state of the airline industry has been in flux for years, but investors are optimistic enough not to let the latest FAA fiasco get in the way of their long-term hopes for stocks in the sector. If the problems in the NOTAM system turn out to have been due to a cyberattack, then it could raise new questions about data security in the transportation system. For airlines, however, the news isn't likely to have a lasting impact on their prospects in the long run.
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Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends Delta Air Lines and Southwest Airlines. The Motley Fool has a disclosure policy.
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 (NYSE: DAL) shares were down about half a percent in premarket trading, and both American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) saw similar moves lower. On Wednesday morning, however, news of yet another problem hit the travel industry hard, raising speculation about a potential point of weakness for the transportation system and causing investors to ask questions about what the impact on airline stocks might be. The FAA's Notice to Air Missions (NOTAM) system failed, causing problems with operations throughout U.S. airspace and leading the agency to order a temporary halt to all domestic flight departures.
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Delta Air Lines (NYSE: DAL) shares were down about half a percent in premarket trading, and both American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) saw similar moves lower. On Wednesday morning, however, news of yet another problem hit the travel industry hard, raising speculation about a potential point of weakness for the transportation system and causing investors to ask questions about what the impact on airline stocks might be. The Motley Fool recommends Delta Air Lines and Southwest Airlines.
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Delta Air Lines (NYSE: DAL) shares were down about half a percent in premarket trading, and both American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) saw similar moves lower. On Wednesday morning, however, news of yet another problem hit the travel industry hard, raising speculation about a potential point of weakness for the transportation system and causing investors to ask questions about what the impact on airline stocks might be. 10 stocks we like better than Southwest Airlines When our award-winning analyst team has a stock tip, it can pay to listen.
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Delta Air Lines (NYSE: DAL) shares were down about half a percent in premarket trading, and both American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) saw similar moves lower. One of the leading areas of the stock market in the opening couple of weeks of the new year has been the airline industry. The FAA's Notice to Air Missions (NOTAM) system failed, causing problems with operations throughout U.S. airspace and leading the agency to order a temporary halt to all domestic flight departures.
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3022.0
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2023-01-11 00:00:00 UTC
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Is A Fall Imminent For Boeing Stock After A 19% Rise In A Month?
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AAL
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https://www.nasdaq.com/articles/is-a-fall-imminent-for-boeing-stock-after-a-19-rise-in-a-month
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nan
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Boeing stock (NYSE: BA) is up 19% in a month, while it’s up 2% over the last twelve months, outperforming the broader markets, with the S&P500 index down 17%. Last month, United Airlines placed a large order of one hundred 787 Dreamliners with an option to buy one hundred more. The deal value will likely be over $30 billion. There are also reports of Air India being close to signing a large order of over 200 aircraft with Boeing. Besides the expected rise in orders, Boeing stock also benefits from a rise in deliveries. It delivered 48 airplanes in November, compared to just 35 in October. Some Wall Street analysts have also raised their price targets for BA, bolstering its stock price growth.
Now that BA stock has seen a rise of 19% in a month, will it continue its upward trajectory, or is a fall imminent? Going by historical performance, there is a lower chance of a rise for BA stock over the next month. A move of 19% in a month has occurred 84 times in the past ten years. Of those 84 instances, only 38 resulted in BA stock rising over the subsequent one-month period (twenty-one trading days). This historical pattern reflects 38 out of 84, or about a 45% chance of a rise in BA stock over the next month. See our analysis of Boeing’s Stock Chance of Rise for more details.
Calculation of ‘Event Probability‘ and ‘Chance of Rise‘ using the last ten years’ data
After moving 10.5% or more over five days, the stock rose on 52% of the occasions in the next five days.
After moving 11.8% or more over ten days, the stock rose on 63% of the occasions in the next ten days.
After moving 19.3% or more over a twenty-one-day period, the stock rose on 45% of the occasions in the next twenty-one days.
This pattern suggests a higher chance of a rise in BA stock over the next five and ten days but lower chances of an increase over the next twenty-one days.
Boeing (BA) Return (Recent) Comparison With Peers
Five-Day Return: BA highest at 10.5%; NOC lowest at -6.8%
Ten-Day Return: BA highest at 11.8%; NOC lowest at -4.3%
Twenty-One Day Return: BA highest at 19.3%; LHX lowest at -6.9%
While BA stock may see lower levels over the next twenty-one days, it is helpful to see how Boeing’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Furthermore, the Covid-19 crisis has created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised at how counter-intuitive the stock valuation is for Vicor vs. Williams Sonoma.
Despite inflation rising and the Fed raising interest rates, Boeing stock has risen 2% over the last twelve months. But can it drop from here? See how low Boeing stock can go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes.
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
Returns Jan 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
BA Return 12% 12% 37%
S&P 500 Return 1% 1% 74%
Trefis Multi-Strategy Portfolio 2% 2% 222%
[1] Month-to-date and year-to-date as of 1/9/2023
[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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Now that BA stock has seen a rise of 19% in a month, will it continue its upward trajectory, or is a fall imminent? Of those 84 instances, only 38 resulted in BA stock rising over the subsequent one-month period (twenty-one trading days). Despite inflation rising and the Fed raising interest rates, Boeing stock has risen 2% over the last twelve months.
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Of those 84 instances, only 38 resulted in BA stock rising over the subsequent one-month period (twenty-one trading days). Boeing (BA) Return (Recent) Comparison With Peers Five-Day Return: BA highest at 10.5%; NOC lowest at -6.8% Ten-Day Return: BA highest at 11.8%; NOC lowest at -4.3% Twenty-One Day Return: BA highest at 19.3%; LHX lowest at -6.9% While BA stock may see lower levels over the next twenty-one days, it is helpful to see how Boeing’s Peers fare on metrics that matter. Total [2] BA Return 12% 12% 37% S&P 500 Return 1% 1% 74% Trefis Multi-Strategy Portfolio 2% 2% 222% [1] Month-to-date and year-to-date as of 1/9/2023 [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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This pattern suggests a higher chance of a rise in BA stock over the next five and ten days but lower chances of an increase over the next twenty-one days. Boeing (BA) Return (Recent) Comparison With Peers Five-Day Return: BA highest at 10.5%; NOC lowest at -6.8% Ten-Day Return: BA highest at 11.8%; NOC lowest at -4.3% Twenty-One Day Return: BA highest at 19.3%; LHX lowest at -6.9% While BA stock may see lower levels over the next twenty-one days, it is helpful to see how Boeing’s Peers fare on metrics that matter. Total [2] BA Return 12% 12% 37% S&P 500 Return 1% 1% 74% Trefis Multi-Strategy Portfolio 2% 2% 222% [1] Month-to-date and year-to-date as of 1/9/2023 [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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Going by historical performance, there is a lower chance of a rise for BA stock over the next month. Calculation of ‘Event Probability‘ and ‘Chance of Rise‘ using the last ten years’ data After moving 10.5% or more over five days, the stock rose on 52% of the occasions in the next five days. Boeing (BA) Return (Recent) Comparison With Peers Five-Day Return: BA highest at 10.5%; NOC lowest at -6.8% Ten-Day Return: BA highest at 11.8%; NOC lowest at -4.3% Twenty-One Day Return: BA highest at 19.3%; LHX lowest at -6.9% While BA stock may see lower levels over the next twenty-one days, it is helpful to see how Boeing’s Peers fare on metrics that matter.
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3023.0
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2023-01-11 00:00:00 UTC
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US STOCKS-Wall St gains with all eyes on key inflation data
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-gains-with-all-eyes-on-key-inflation-data
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nan
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By Shubham Batra and Amruta Khandekar
Jan 11 (Reuters) - Wall Street's main indexes rose on Wednesday with investors keenly awaiting a crucial inflation reading due later in the week for more clarity on the Federal Reserve's rate hike trajectory.
Nearly all the major S&P 500 sectors rose, with real estate .SPLRCR up 2.4% and in the lead, while consumer discretionary .SPLRCD and technology stocks .SPLRCT gained 1.9% and 0.6%, respectively.
Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O and Tesla Inc TSLA.O were up between 2.2% and 4.3%, among the top boosts to the S&P 500 .SPX and the tech-heavy Nasdaq .IXIC.
Gains in the megacap growth firms, which had lost between 39% and 65% in value last year, come as markets face renewed optimism in 2023 on hopes that slowing inflationary pressures could pave the way for a less hawkish stance from the U.S. central bank.
The highly awaited inflation report from the Labor Department on Thursday is expected to show U.S. consumer prices likely grew 6.5% year-on-year in December, moderating from a 7.1% rise in November.
"The tech leaders last year got beat up really bad and people are now wondering, did we over-do it," said Joe Saluzzi, co-manager of trading at Themis Trading.
"But you're going to need earnings to support more bullish theory. The bar is a little bit lower (for earnings), which could be decent for the stock market."
This week marks the start of the earnings season for S&P 500 companies, with Wall Street's biggest banks expected to report lower quarterly profits amid risks of a recession due to monetary policy tightening.
Markets are hoping that the Fed could soon pause its rate hiking cycle, though recent comments by some policymakers have supported the view that the Fed needs to remain aggressive in raising interest rates to fight inflation.
Money market participants see a 75% chance the Fed will raise the benchmark rate by 25 basis points to 4.50%-4.75% in February, and see rates peaking at 4.94% by June. FEDWATCH
At 11:58 a.m. ET, the Dow Jones Industrial Average .DJI was up 101.44 points, or 0.30%, at 33,805.54, the S&P 500 .SPX was up 24.13 points, or 0.62%, at 3,943.38, and the Nasdaq Composite .IXIC was up 106.63 points, or 0.99%, at 10,849.26.
Home goods retailer Bed Bath & Beyond Inc BBBY.O jumped 45.9%, after logging gains in the previous session despite bleak quarterly results as retail investors speculated it could be a potential acquisition target and as short-sellers closed out bets.
Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N reversed premarket losses to rise between 0.9% and 1.9% as U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration scrambled to fix a system outage overnight.
Advancing issues outnumbered decliners for a 3.15-to-1 ratio on the NYSE and a 1.97-to-1 ratio on the Nasdaq.
The S&P index recorded 10 new 52-week highs and one new low, while the Nasdaq recorded 56 new highs and 12 new lows.
(Reporting by Shubham Batra and Amruta Khandekar in Bengaluru; Editing by Shounak Dasgupta)
((Shubham.Batra@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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Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N reversed premarket losses to rise between 0.9% and 1.9% as U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration scrambled to fix a system outage overnight. By Shubham Batra and Amruta Khandekar Jan 11 (Reuters) - Wall Street's main indexes rose on Wednesday with investors keenly awaiting a crucial inflation reading due later in the week for more clarity on the Federal Reserve's rate hike trajectory. Gains in the megacap growth firms, which had lost between 39% and 65% in value last year, come as markets face renewed optimism in 2023 on hopes that slowing inflationary pressures could pave the way for a less hawkish stance from the U.S. central bank.
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Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N reversed premarket losses to rise between 0.9% and 1.9% as U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration scrambled to fix a system outage overnight. By Shubham Batra and Amruta Khandekar Jan 11 (Reuters) - Wall Street's main indexes rose on Wednesday with investors keenly awaiting a crucial inflation reading due later in the week for more clarity on the Federal Reserve's rate hike trajectory. The highly awaited inflation report from the Labor Department on Thursday is expected to show U.S. consumer prices likely grew 6.5% year-on-year in December, moderating from a 7.1% rise in November.
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Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N reversed premarket losses to rise between 0.9% and 1.9% as U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration scrambled to fix a system outage overnight. By Shubham Batra and Amruta Khandekar Jan 11 (Reuters) - Wall Street's main indexes rose on Wednesday with investors keenly awaiting a crucial inflation reading due later in the week for more clarity on the Federal Reserve's rate hike trajectory. Markets are hoping that the Fed could soon pause its rate hiking cycle, though recent comments by some policymakers have supported the view that the Fed needs to remain aggressive in raising interest rates to fight inflation.
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Shares of airlines such as American Airlines Group Inc AAL.O and Spirit Airlines Inc SAVE.N reversed premarket losses to rise between 0.9% and 1.9% as U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration scrambled to fix a system outage overnight. By Shubham Batra and Amruta Khandekar Jan 11 (Reuters) - Wall Street's main indexes rose on Wednesday with investors keenly awaiting a crucial inflation reading due later in the week for more clarity on the Federal Reserve's rate hike trajectory. The bar is a little bit lower (for earnings), which could be decent for the stock market."
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3024.0
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2023-01-11 00:00:00 UTC
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Alaska Air (ALK) to Recruit More Than 3,500 Employees This Year
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AAL
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https://www.nasdaq.com/articles/alaska-air-alk-to-recruit-more-than-3500-employees-this-year
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Alaska Air Group, Inc. ALK seems to start the new year with new recruitment plans. With its consistent focus on fleet modernization and addition of new planes to its fleet, this Zacks Rank #3 (Hold) carrier is on the lookout for new joiners to manage its extension plans.
Alaska Air has announced plans to recruit more than 3,500 new employees this year in various positions. These roles include maintenance technicians, contact center agents, flight attendants, pilots, customer service agents, software engineers and many other related roles.
The majority of new jobs will be based at ALK’s hubs in Seattle and Portland, as well as locations around the West Coast. Also, work-from-home facilities and flexible working schedules will be available in some positions. Some of the roles even do not need prior airline experience. The new job openings will be available at careers.alaskaair.com throughout this year.
The anticipated number of hirings in each role includes 550 pilots, 1,000 flight attendants, 1,000 customer service agents, 100 ramp service agents, 240 contact center agents, 135 maintenance technicians and 500 in management.
Andy Schneider, senior vice president of people at Alaska Air, stated, "It's an exciting time to join our team, and we're eager to welcome more great people to Alaska. We offer a wide variety of positions, and we pride ourselves on nurturing talent and providing opportunities to learn new skills and move into new, challenging roles. Come join our winning team!."
Shares of Alaska Air have gained 25.5% over the past six months, outperforming the 13.4% growth of the industry it belongs to.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.(GOL). American Airlines and Teekay Tankers presently sport a Zacks Rank #1 (Strong Buy), while Gol Linhas currently carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 5.6% over the past six months.
Teekay Tankers has an expected earnings growth rate of 143.11% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved more than 100% over the past 90 days. Shares of TNK have soared 67.9% over the past six months.
Gol Linhas has an expected earnings growth rate of 50.9% for the current year.
Shares of GOL have gained 6.4% over the past three months.
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Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : 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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Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.(GOL). AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.(GOL). AAL has an expected earnings growth rate of more than 100% for the current year.
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Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.(GOL). Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.(GOL). AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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3025.0
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2023-01-10 00:00:00 UTC
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2 Highly-Ranked Stocks to Buy While They're "Cheap"
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https://www.nasdaq.com/articles/2-highly-ranked-stocks-to-buy-while-theyre-cheap
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Investors may be looking for stocks that are bargains following a year that saw hefty declines across the broader market.
Here are two highly-ranked stocks that could end up being bargains from their current levels as we progress through 2023.
American Airlines AAL
The first stock on the list might stick out to investors from a price perspective, as American Airlines stock still trades around $14 per share. Making its stock price look more attractive is the fact that American Airlines is the largest domestic airline carrier in terms of passengers carried.
American Airlines stock is currently sporting a Zacks Rank #1 (Strong Buy) with earnings estimates on the rise for its current fiscal year 2022 and fiscal 2023. This year’s earnings are now forecasted to be -$0.17 per share compared to an adjusted loss of -$8.38 a share in 2021. Fiscal 2023 earnings are anticipated to be back in the black at $1.73 per share with earnings estimate revisions continuing to trend higher for both FY22 and FY23 over the last week.
Image Source: Zacks Investment Research
On the top line, sales are projected to climb 62% in FY22 and rise another 6% in FY23 at $51.29 billion. Top line estimates have also continued to trend higher. With 2019 sales at $45.7 billion, FY23 would represent 11% growth from pre-pandemic levels.
Along with its “V” like post-pandemic recovery in revenue, American Airlines’ valuation also makes the stock look attractive trading at just 8.2X forward earnings. This is nicely below the industry average of 12X and 61% beneath its decade-long high of 21.1X.
American Airlines also has an overall “A” VGM Style Scores grade for the combination of value, growth, and momentum. Shares of AAL have now rallied more than 20% off of their October lows and its Transportation-Airline Industry is currently in the top 32% of over 250 Zacks Industries.
Image Source: Zacks Investment Research
ClevelandCliffs CLF
Cleveland-Cliffs is the largest producer of iron ore pellets and the biggest flat-rolled steel producer in North America. The company is part of the Zacks Mining-Miscellaneous Industry which is also in the top 32% of all Zacks Industries.
After seeing its stock soar in the first half of 2022, CLF stock cooled off as iron and steel prices began to decline following multi-year highs as shown in the nearby chart. Shares of CLF now trade around $18 per share and 46% from their highs.
Image Source: U.S. Bureau of Labor Statistics
However, considering Cleveland-Cliffs valuation the stock is starting to look attractive again trading at just 10.9X forward earnings. This is below the industry average of 11.1X. Even better, CLF stock trades 91% below its decade-high of 134X and closer to the median of 6.1X.
Cleveland-Cliffs carries an “A” Style Scores grade for Value and an overall “A” VGM grade, this combination partly attributes to the stock landing a Zacks Rank #1 (Strong Buy) with earnings estimates revisions starting to trend higher again for FY23 as well. Cleveland-Cliffs annual EPS estimates are still well above pre-pandemic levels.
Image Source: Zacks Investment Research
Cleveland-Cliffs earnings are now expected to drop -55% in its current fiscal 2022 after a very impressive FY21 that saw EPS of $5.87 a share in correlation with soaring iron and steel prices. Fiscal 2023 earnings are expected to decline another -35%. Still, fiscal 2023 earnings of $1.71 per share would be 52% above pre-pandemic levels with CLF’s EPS at $1.12 a share in 2019.
Cleveland-Cliffs stock has now rallied more than 53% off of its November lows and the stock’s valuation could support more upside with iron and steel prices also remaining high despite falling from their multi-year peaks.
Image Source: Zacks Investment Research
Bottom Line
American Airlines (AAL) and Cleveland-Cliffs (CLF) valuations support that their stocks could still be “cheap” and that more upside may be ahead. For now, the risk to reward appears to remain favorable for investors to buy both stocks at under $20 a share.
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
ClevelandCliffs Inc. (CLF) : 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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Image Source: Zacks Investment Research Bottom Line American Airlines (AAL) and Cleveland-Cliffs (CLF) valuations support that their stocks could still be “cheap” and that more upside may be ahead. American Airlines AAL The first stock on the list might stick out to investors from a price perspective, as American Airlines stock still trades around $14 per share. Shares of AAL have now rallied more than 20% off of their October lows and its Transportation-Airline Industry is currently in the top 32% of over 250 Zacks Industries.
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Image Source: Zacks Investment Research Bottom Line American Airlines (AAL) and Cleveland-Cliffs (CLF) valuations support that their stocks could still be “cheap” and that more upside may be ahead. Click to get this free report ClevelandCliffs Inc. (CLF) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL The first stock on the list might stick out to investors from a price perspective, as American Airlines stock still trades around $14 per share.
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American Airlines AAL The first stock on the list might stick out to investors from a price perspective, as American Airlines stock still trades around $14 per share. Image Source: Zacks Investment Research Bottom Line American Airlines (AAL) and Cleveland-Cliffs (CLF) valuations support that their stocks could still be “cheap” and that more upside may be ahead. Shares of AAL have now rallied more than 20% off of their October lows and its Transportation-Airline Industry is currently in the top 32% of over 250 Zacks Industries.
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Image Source: Zacks Investment Research Bottom Line American Airlines (AAL) and Cleveland-Cliffs (CLF) valuations support that their stocks could still be “cheap” and that more upside may be ahead. American Airlines AAL The first stock on the list might stick out to investors from a price perspective, as American Airlines stock still trades around $14 per share. Shares of AAL have now rallied more than 20% off of their October lows and its Transportation-Airline Industry is currently in the top 32% of over 250 Zacks Industries.
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3026.0
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2023-01-10 00:00:00 UTC
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Delta Air Lines (DAL) Rides on Air-Travel Demand, Costs Ail
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https://www.nasdaq.com/articles/delta-air-lines-dal-rides-on-air-travel-demand-costs-ail
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Delta Air Lines, Inc. DAL is benefiting from improved air-travel demand, particularly on the domestic front. Driven by the uptick, Delta expects fourth-quarter 2022 operating margin to be 11%, i.e., at the top of the previously guided 9-11% range.
Total revenues are now likely to increase in the 7-8% range from fourth-quarter 2019 actuals (the earlier outlook was for an increase in the 5-9% range). Passenger revenues, which account for the bulk of the top line, are likely to have been high, boosting the top line.
Shares of Delta Airlines have gained 25.5% over the past six months, outperforming 13.4% growth of the industry it belongs to.
Image Source: Zacks Investment Research
On the flip side,escalating fuel costs pose a threat to Delta’s bottom line. Oil price is moving north primarily because of supply concerns due to Russia's invasion of Ukraine. In third-quarter 2022, the average fuel price per gallon (adjusted) increased 80% from third-quarter 2019 actuals to $3.53. In the first nine months of 2022, the metric increased 69% from the comparable period in 2019. Management expects fuel price per gallon in the $3.35-$3.55 range in the December quarter.
Due to higher staffing costs and low capacity, Delta’s non-fuel unit costs (up 11% in 2021) are increasing. In the first nine months of 2022, non-fuel unit costs increased 20% from the first nine months of 2019. In the December quarter, the metric is expected to increase in the 12-13% range from fourth-quarter 2019 actuals.
Zacks Rank and Stocks to Consider
Delta currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. American Airlines and Teekay Tankers sport a Zacks Rank #1 (Strong Buy), while Gol Linhas currently carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 5.6% over the past six months.
Teekay Tankers has an expected earnings growth rate of 143.11% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved more than 100% over the past 90 days. Shares of TNK have soared 67.9% over the past six months.
Gol Linhas has an expected earnings growth rate of 50.9% for the current year.
Shares of GOL have gained 6.4% over the past three months.
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
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : 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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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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3027.0
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2023-01-10 00:00:00 UTC
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Kirby (KEX) Reaches Conclusion for Distribution and Services
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AAL
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https://www.nasdaq.com/articles/kirby-kex-reaches-conclusion-for-distribution-and-services
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Kirby Corporation KEX recently announced that its board of directors has concluded their review of strategic alternatives for the Distribution and Services business, which was initiated in early 2022.
KEX’s board of directors (along with its independent financial and legal advisors) reviewed multiple alternatives, including a sale or spin-off of its Distribution and Services business.
Considering the existing financial market conditions and the M&A market being affected by macroeconomic headwinds, KEX’s board has decided to continue operating with both its businesses - Marine Transportation and Distribution and Services. KEX is looking forward to all opportunities which will maximize its shareholders value.
Joseph H. Pyne, Kirby’s chairman of the board, stated, “Following a thorough review of strategic alternatives, the Kirby Board determined that the best way to enhance shareholder value is to continue to execute on the strategic plan for both the Marine Transportation and Distribution and Services businesses at this time.”
Kirby anticipates favorable conditions for inland marine transportation and oil and gas markets that should boost growth for its products and services. For the Distribution and Services segment, KEX expects demand for its environmental friendly pressure pumping and e-frac power generation equipment.
Kirby is hopeful of delivering better financial results throughout 2023 as it stays focused on cost and capital management and remains open to growth opportunities.
David Grzebinski, Kirby’s president and chief executive officer, stated, “The Board and management team are confident in Kirby’s prospects for continued profitable growth and value creation, as underscored by our strong financial results and operating performance in 2022. In Distribution and Services, our markets remained strong throughout 2022 and contributed to Kirby’s meaningful year-over-year growth in revenue and operating margin. We are encouraged by the bright prospects of the Company’s two segments and look forward to continuing to operate these businesses from a position of strength. As always, we remain open-minded and eager to consider strategic options to maximize value creation.”
Zacks Rank and Stocks to Consider
Kirby currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. American Airlines and Teekay Tankers sport a Zacks Rank #1(Strong Buy), while Gol Linhas currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 5.6% over the past six months.
Teekay Tankers has an expected earnings growth rate of 143.11% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved more than 100% over the past 90 days. Shares of TNK have soared 67.9% over the past six months.
Gol Linhas has an expected earnings growth rate of 50.9% for the current year.
Shares of GOL have gained 6.4% over the past three months.
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
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Kirby Corporation (KEX) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : 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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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Kirby Corporation (KEX) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Kirby Corporation (KEX) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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3028.0
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2023-01-10 00:00:00 UTC
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2 Highly-Ranked Stocks to Buy While There "Cheap"
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https://www.nasdaq.com/articles/2-highly-ranked-stocks-to-buy-while-there-cheap
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nan
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Investors may be looking for stocks that are bargains following a year that saw hefty declines across the broader market.
Here are two highly-ranked stocks that could end up being bargains from their current levels as we progress through 2023.
American Airlines AAL
The first stock on the list might stick out to investors from a price perspective as American Airlines stock still trades around $14 per share. Making its stock price look more attractive is the fact that American Airlines is the largest domestic airline carrier in terms of passengers carried.
American Airlines stock is currently sporting a Zacks Rank #1 (Strong Buy) with earnings estimates on the rise for its current fiscal year 2022 and fiscal 2023. This year’s earnings are now forecasted to be -$0.17 per share compared to an adjusted loss of -$8.38 a share in 2021. Fiscal 2023 earnings are anticipated to be back in the black at $1.73 per share with earnings estimate revisions continuing to trend higher for both FY22 and FY23 over the last week.
Image Source: Zacks Investment Research
On the top line, sales are projected to climb 62% in FY22 and rise another 6% in FY23 at $51.29 billion. Top line estimates have also continued to trend higher. With 2019 sales at $45.7 billion, FY23 would represent 11% growth from pre-pandemic levels.
Along with its “V” like post-pandemic recovery in revenue, American Airlines’ valuation also makes the stock look attractive trading at just 8.2X forward earnings. This is nicely below the industry average of 12X and 61% beneath its decade-long high of 21.1X.
American Airlines also has an overall “A” VGM Style Scores grade for the combination of value, growth, and momentum. Shares of AAL have now rallied more than 20% off of their October lows and its Transportation-Airline Industry is currently in the top 32% of over 250 Zacks Industries.
Image Source: Zacks Investment Research
ClevelandCliffs CLF
Cleveland-Cliffs is the largest producer of iron ore pellets and the biggest flat-rolled steel producer in North America. The company is part of the Zacks Mining-Miscellaneous Industry which is also in the top 32% of all Zacks Industries.
After seeing its stock soar in the first half of 2022, CLF stock cooled off as iron and steel prices began to decline following multi-year highs as shown in the nearby chart. Shares of CLF now trade around $18 per share and 46% from their highs.
Image Source: U.S. Bureau of Labor Statistics
However, considering Cleveland-Cliffs valuation the stock is starting to look attractive again trading at just 10.9X forward earnings. This is below the industry average of 11.1X. Even better, CLF stock trades 91% below its decade-high of 134X and closer to the median of 6.1X.
Cleveland-Cliffs carries an “A” Style Scores grade for Value and an overall “A” VGM grade, this combination partly attributes to the stock landing a Zacks Rank #1 (Strong Buy) with earnings estimates revisions starting to trend higher again for FY23 as well. Cleveland-Cliffs annual EPS estimates are still well above pre-pandemic levels.
Image Source: Zacks Investment Research
Cleveland-Cliffs earnings are now expected to drop -55% in its current fiscal 2022 after a very impressive FY21 that saw EPS of $5.87 a share in correlation with soaring iron and steel prices. Fiscal 2023 earnings are expected to decline another -35%. Still, fiscal 2023 earnings of $1.71 per share would be 52% above pre-pandemic levels with CLF’s EPS at $1.12 a share in 2019.
Cleveland-Cliffs stock has now rallied more than 53% off of its November lows and the stock’s valuation could support more upside with iron and steel prices also remaining high despite falling from their multi-year peaks.
Image Source: Zacks Investment Research
Bottom Line
American Airlines (AAL) and Cleveland-Cliffs (CLF) valuations support that their stocks could still be “cheap” and that more upside may be ahead. For now, the risk to reward appears to remain favorable for investors to buy both stocks at under $20 a share.
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
ClevelandCliffs Inc. (CLF) : 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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Image Source: Zacks Investment Research Bottom Line American Airlines (AAL) and Cleveland-Cliffs (CLF) valuations support that their stocks could still be “cheap” and that more upside may be ahead. American Airlines AAL The first stock on the list might stick out to investors from a price perspective as American Airlines stock still trades around $14 per share. Shares of AAL have now rallied more than 20% off of their October lows and its Transportation-Airline Industry is currently in the top 32% of over 250 Zacks Industries.
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Image Source: Zacks Investment Research Bottom Line American Airlines (AAL) and Cleveland-Cliffs (CLF) valuations support that their stocks could still be “cheap” and that more upside may be ahead. Click to get this free report ClevelandCliffs Inc. (CLF) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL The first stock on the list might stick out to investors from a price perspective as American Airlines stock still trades around $14 per share.
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American Airlines AAL The first stock on the list might stick out to investors from a price perspective as American Airlines stock still trades around $14 per share. Image Source: Zacks Investment Research Bottom Line American Airlines (AAL) and Cleveland-Cliffs (CLF) valuations support that their stocks could still be “cheap” and that more upside may be ahead. Shares of AAL have now rallied more than 20% off of their October lows and its Transportation-Airline Industry is currently in the top 32% of over 250 Zacks Industries.
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Image Source: Zacks Investment Research Bottom Line American Airlines (AAL) and Cleveland-Cliffs (CLF) valuations support that their stocks could still be “cheap” and that more upside may be ahead. American Airlines AAL The first stock on the list might stick out to investors from a price perspective as American Airlines stock still trades around $14 per share. Shares of AAL have now rallied more than 20% off of their October lows and its Transportation-Airline Industry is currently in the top 32% of over 250 Zacks Industries.
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3029.0
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2023-01-09 00:00:00 UTC
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American Airlines Group Breaks Above 200-Day Moving Average - Bullish for AAL
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-breaks-above-200-day-moving-average-bullish-for-aal-0
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In trading on Monday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.78, changing hands as high as $14.79 per share. American Airlines Group Inc shares are currently trading up about 4.1% 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 $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $14.74. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com
Free Report: Top 8%+ Dividends (paid monthly)
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
Also see:
TFC Historical Stock Prices
TRMR Options Chain
Institutional Holders of UNAM
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 Monday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.78, changing hands as high as $14.79 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 $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $14.74. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: TFC Historical Stock Prices TRMR Options Chain Institutional Holders of UNAM 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 Monday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.78, changing hands as high as $14.79 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 $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $14.74. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: TFC Historical Stock Prices TRMR Options Chain Institutional Holders of UNAM 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 Monday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.78, changing hands as high as $14.79 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 $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $14.74. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: TFC Historical Stock Prices TRMR Options Chain Institutional Holders of UNAM 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 Monday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.78, changing hands as high as $14.79 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 $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $14.74. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: TFC Historical Stock Prices TRMR Options Chain Institutional Holders of UNAM 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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3030.0
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2023-01-09 00:00:00 UTC
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American Airlines (AAL) Is Attractively Priced Despite Fast-paced Momentum
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-is-attractively-priced-despite-fast-paced-momentum
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Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and American Airlines (AAL) is one of them. Here are the key reasons why this stock is a great candidate.
Investors' growing interest in a stock is reflected in its recent price increase. A price change of 4.8% over the past four weeks positions the stock of this world's largest airline well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. AAL meets this criterion too, as the stock gained 8.2% over the past 12 weeks.
Moreover, the momentum for AAL is fast paced, as the stock currently has a beta of 1.47. This indicates that the stock moves 47% higher than the market in either direction.
Given this price performance, it is no surprise that AAL has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped AAL earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, AAL is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. AAL is currently trading at 0.20 times its sales. In other words, investors need to pay only 20 cents for each dollar of sales.
So, AAL appears to have plenty of room to run, and that too at a fast pace.
In addition to AAL, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, AAL is trading at a reasonable valuation. There are several stocks that currently pass through the screen and American Airlines (AAL) is one of them. AAL meets this criterion too, as the stock gained 8.2% over the past 12 weeks.
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In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped AAL earn a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, AAL is trading at a reasonable valuation. There are several stocks that currently pass through the screen and American Airlines (AAL) is one of them.
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Given this price performance, it is no surprise that AAL has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, AAL is trading at a reasonable valuation. There are several stocks that currently pass through the screen and American Airlines (AAL) is one of them.
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In addition to AAL, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. There are several stocks that currently pass through the screen and American Airlines (AAL) is one of them. AAL meets this criterion too, as the stock gained 8.2% over the past 12 weeks.
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3031.0
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2023-01-09 00:00:00 UTC
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Trinity (TRN) to Gain From Holden America Buyout: Here's How
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AAL
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https://www.nasdaq.com/articles/trinity-trn-to-gain-from-holden-america-buyout%3A-heres-how
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nan
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Trinity Industries, Inc.TRN recently announced that it has completed the acquisition of Holden America for an initial purchase price of $70 million. This price includes an additional $5 million per year for the next two years.
Holden America is a manufacturer of multi-level vehicle securement and protection systems, gravity-outlet gates and gate accessories for freight rail in North America. Per the terms of the deal, all the employees of Holden America will join Trinity.
The acquisition was completed on Dec 30, 2022.
How Will Trinity Benefit?
This acquisition offers a bi-level chock system to Trinity. Along with its existing tri-level chock system, the deal is also expected to boost Trinity’s competitive position as a manufacturer of autoracks in North America. This should help TRN flourish further in an improving automobile end market.
Considering the ongoing automobile preference shift toward sport utility vehicles and heavier electric vehicles, securement systems are likely to get more complex and demand for chock systems should rise accordingly. Hence, the latest deal seems to be a prudent move on Trinity’s part to strengthen its competitive position (as a chock provider) in the automobile industry.
Jean Savage, Trinity’s president and chief executive officer, stated, "This acquisition fits well into our strategy to increase exposure to less cyclical and higher margin aftermarket parts, giving us more opportunities to serve our customers and diversify our revenue stream."
Shares of Trinity have gained 21.8% over the past six months compared with 23.9% growth of the industry it belongs to.
Image Source: Zacks Investment Research
Zacks Rank and Stocks to Consider
Trinity currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A. GOL. American Airlines and Teekay Tankers sport a Zacks Rank #1 (Strong Buy), while Gol Linhas currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 5.6% over the past six months.
Teekay Tankers has an expected earnings growth rate of 143.11% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved more than 100% over the past 90 days. Shares of TNK have soared 67.9% over the past six months.
Gol Linhas has an expected earnings growth rate of 50.9% for the current year.
Shares of GOL have gained 6.4% over the past three months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Trinity Industries, Inc. (TRN) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : 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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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A. GOL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A. GOL. Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Trinity Industries, Inc. (TRN) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A. GOL. Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Trinity Industries, Inc. (TRN) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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AAL has an expected earnings growth rate of more than 100% for the current year. Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A. GOL. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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3032.0
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2023-01-09 00:00:00 UTC
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Southwest (LUV) May Incur Q4 Loss Post Flight Cancellations
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AAL
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https://www.nasdaq.com/articles/southwest-luv-may-incur-q4-loss-post-flight-cancellations
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It is no longer news that Southwest Airlines LUV was the worst-affected U.S. airline in terms of flight cancellations due to unfavorable weather conditions during the Christmas holiday weekend. Naturally, management expects the mass cancellations to hurt its fourth-quarter 2022 results, scheduled to be released on Jan 26, 2023.
Per a SEC filing, LUV had to cancel in excess of 16,700 flights in the Dec 21 – Dec 31, 2022 timeframe due to the inclement weather. Following the massive cancellations, LUV expects available seat miles (a measure of capacity) to decline approximately 6% in fourth-quarter 2022 from fourth-quarter 2019 actuals. The previous guidance hinted at a 2% decline in available seat miles for fourth-quarter 2022.
Revenues are likely to be adversely impacted to the tune of $400-$425 million. LUV now expects to incur a net loss in the December quarter. Following the massive flight cancellations, management expects a pre-tax hit in the $725 million to $825 million band to fourth-quarter earnings.
Zacks Rank & Key Picks
Southwest Airlines currently carries a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank stocks here.
Investors interested in the broader Transportation sector may, however, consider the following stocks sporting a Zacks Rank #1 (Strong Buy):
American Airlines AAL: Continued recovery in air-travel demand, particularly on the domestic front, bodes well for American Airlines. Driven by soaring demand on healthy bookings, management expects total revenues in the fourth quarter of 2022 to be roughly 11-13% higher than fourth-quarter 2019 levels. Total revenues per available seat mile are expected to be 18-20% higher than fourth-quarter 2019 actuals.
With air travel demand having improved, American Airlines is constantly looking to add routes and broaden its network. The carrier's debt-reduction efforts are impressive as well. Management aims to reduce its debt by $15 billion by 2025-end. As of Sep 30, the carrier reduced its debt levels by $5.6 billion from peak levels in the second quarter of 2021.
Scorpio Tankers STNG is engaged in the seaborne transportation of refined petroleum products via global shipping markets. Efforts to upgrade its fleet are commendable. An uptick in voyage revenues with the rise in passengers augurs well for this shipping stock.
The STNG stock has soared 285% in a year’s time. Over the past 60 days, the Zacks Consensus Estimate for 2023 earnings has moved 36.2% north. STNG currently has a Growth Score of B.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Scorpio Tankers Inc. (STNG) : 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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Investors interested in the broader Transportation sector may, however, consider the following stocks sporting a Zacks Rank #1 (Strong Buy): American Airlines AAL: Continued recovery in air-travel demand, particularly on the domestic front, bodes well for American Airlines. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Scorpio Tankers Inc. (STNG) : Free Stock Analysis Report To read this article on Zacks.com click here. Naturally, management expects the mass cancellations to hurt its fourth-quarter 2022 results, scheduled to be released on Jan 26, 2023.
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Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Scorpio Tankers Inc. (STNG) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the broader Transportation sector may, however, consider the following stocks sporting a Zacks Rank #1 (Strong Buy): American Airlines AAL: Continued recovery in air-travel demand, particularly on the domestic front, bodes well for American Airlines. Following the massive cancellations, LUV expects available seat miles (a measure of capacity) to decline approximately 6% in fourth-quarter 2022 from fourth-quarter 2019 actuals.
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Investors interested in the broader Transportation sector may, however, consider the following stocks sporting a Zacks Rank #1 (Strong Buy): American Airlines AAL: Continued recovery in air-travel demand, particularly on the domestic front, bodes well for American Airlines. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Scorpio Tankers Inc. (STNG) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank & Key Picks Southwest Airlines currently carries a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank stocks here.
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Investors interested in the broader Transportation sector may, however, consider the following stocks sporting a Zacks Rank #1 (Strong Buy): American Airlines AAL: Continued recovery in air-travel demand, particularly on the domestic front, bodes well for American Airlines. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Scorpio Tankers Inc. (STNG) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank & Key Picks Southwest Airlines currently carries a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank stocks here.
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3033.0
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2023-01-06 00:00:00 UTC
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American Airlines (AAL) Gains But Lags Market: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-gains-but-lags-market%3A-what-you-should-know-6
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nan
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American Airlines (AAL) closed at $14.18 in the latest trading session, marking a +1.36% move from the prior day. The stock lagged the S&P 500's daily gain of 2.28%. Meanwhile, the Dow gained 2.13%, and the Nasdaq, a tech-heavy index, added 5.02%.
Heading into today, shares of the world's largest airline had gained 2.87% over the past month, outpacing the Transportation sector's loss of 3.85% and the S&P 500's loss of 4.61% in that time.
American Airlines will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.58, up 140.85% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $12.72 billion, up 34.9% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for American Airlines. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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, the Zacks Consensus EPS estimate has moved 12.6% higher. American Airlines currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, American Airlines is currently trading at a Forward P/E ratio of 8.08. Its industry sports an average Forward P/E of 11.79, so we one might conclude that American Airlines is trading at a discount comparatively.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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
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 $14.18 in the latest trading session, marking a +1.36% 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. Its industry sports an average Forward P/E of 11.79, so we one might conclude that American Airlines is trading at a discount comparatively.
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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 $14.18 in the latest trading session, marking a +1.36% move from the prior day. Over the past month, the Zacks Consensus EPS estimate has moved 12.6% higher.
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American Airlines (AAL) closed at $14.18 in the latest trading session, marking a +1.36% 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. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 24% of all 250+ industries.
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American Airlines (AAL) closed at $14.18 in the latest trading session, marking a +1.36% 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. American Airlines currently has a Zacks Rank of #1 (Strong Buy).
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3034.0
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2023-01-06 00:00:00 UTC
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American Airlines pilots raise concerns over new cockpit protocols
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AAL
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https://www.nasdaq.com/articles/american-airlines-pilots-raise-concerns-over-new-cockpit-protocols-0
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Adds comment from American Airlines
Jan 6 (Reuters) - The union representing 15,000 American Airlines AAL.O pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training.
The carrier on Tuesday implemented new procedures for cockpit communications during critical events such as low visibility landings, according to the union.
"The operational changes that management is attempting to implement without fulsome training alters how pilots communicate, coordinate, and execute flight safety duties at some of the most high-threat times of flight," Allied Pilots Association (APA) said in a post on Monday.
The changes were imposed over a bulletin, according to the union. "This attempt to train by bulletin, while ignoring serious safety concerns and well-established best practices, runs the risk of dramatically eroding margins of safety," it added.
American said, in an emailed statement to Reuters, "these changes represent industry best practice and ensure improved crew coordination and consistency across fleet types so that our pilots can easily transition across different aircraft if they choose."
"These updates have been underway since 2021 and have been a coordinated effort with APA's Training Committee," the airline said, adding that the approach to familiarizing pilots has been approved by the U.S. Federal Aviation Administration.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Shailesh Kuber)
((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs ;))
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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Adds comment from American Airlines Jan 6 (Reuters) - The union representing 15,000 American Airlines AAL.O pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training. The carrier on Tuesday implemented new procedures for cockpit communications during critical events such as low visibility landings, according to the union. American said, in an emailed statement to Reuters, "these changes represent industry best practice and ensure improved crew coordination and consistency across fleet types so that our pilots can easily transition across different aircraft if they choose."
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Adds comment from American Airlines Jan 6 (Reuters) - The union representing 15,000 American Airlines AAL.O pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training. "The operational changes that management is attempting to implement without fulsome training alters how pilots communicate, coordinate, and execute flight safety duties at some of the most high-threat times of flight," Allied Pilots Association (APA) said in a post on Monday. "This attempt to train by bulletin, while ignoring serious safety concerns and well-established best practices, runs the risk of dramatically eroding margins of safety," it added.
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Adds comment from American Airlines Jan 6 (Reuters) - The union representing 15,000 American Airlines AAL.O pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training. "The operational changes that management is attempting to implement without fulsome training alters how pilots communicate, coordinate, and execute flight safety duties at some of the most high-threat times of flight," Allied Pilots Association (APA) said in a post on Monday. (Reporting by Aishwarya Nair in Bengaluru; Editing by Shailesh Kuber) ((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs ;)) 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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Adds comment from American Airlines Jan 6 (Reuters) - The union representing 15,000 American Airlines AAL.O pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training. The carrier on Tuesday implemented new procedures for cockpit communications during critical events such as low visibility landings, according to the union. "This attempt to train by bulletin, while ignoring serious safety concerns and well-established best practices, runs the risk of dramatically eroding margins of safety," it added.
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3035.0
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2023-01-06 00:00:00 UTC
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American Airlines pilots raise concerns over new cockpit protocols
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AAL
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https://www.nasdaq.com/articles/american-airlines-pilots-raise-concerns-over-new-cockpit-protocols
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nan
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nan
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Jan 6 (Reuters) - The union representing 15,000 American Airlines AAL.O pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training.
The carrier on Tuesday implemented new procedures for cockpit communications during critical events such as low visibility landings, according to the union.
"The operational changes that management is attempting to implement without fulsome training alters how pilots communicate, coordinate, and execute flight safety duties at some of the most high-threat times of flight," Allied Pilots Association (APA) said in a post on Monday.
The changes were imposed over a bulletin, according to the union. "This attempt to train by bulletin, while ignoring serious safety concerns and well-established best practices, runs the risk of dramatically eroding margins of safety," it added.
American said in an emailed statement to Reuters, that the company does not "typically issue training for these types of updates; these changes are a harmonization of flight operating manuals between our different aircraft type."
The U.S. Federal Aviation Administration did not immediately respond to a request for a comment.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Shailesh Kuber)
((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs ;))
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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Jan 6 (Reuters) - The union representing 15,000 American Airlines AAL.O pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training. The carrier on Tuesday implemented new procedures for cockpit communications during critical events such as low visibility landings, according to the union. "The operational changes that management is attempting to implement without fulsome training alters how pilots communicate, coordinate, and execute flight safety duties at some of the most high-threat times of flight," Allied Pilots Association (APA) said in a post on Monday.
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Jan 6 (Reuters) - The union representing 15,000 American Airlines AAL.O pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training. "The operational changes that management is attempting to implement without fulsome training alters how pilots communicate, coordinate, and execute flight safety duties at some of the most high-threat times of flight," Allied Pilots Association (APA) said in a post on Monday. "This attempt to train by bulletin, while ignoring serious safety concerns and well-established best practices, runs the risk of dramatically eroding margins of safety," it added.
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Jan 6 (Reuters) - The union representing 15,000 American Airlines AAL.O pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training. "The operational changes that management is attempting to implement without fulsome training alters how pilots communicate, coordinate, and execute flight safety duties at some of the most high-threat times of flight," Allied Pilots Association (APA) said in a post on Monday. "This attempt to train by bulletin, while ignoring serious safety concerns and well-established best practices, runs the risk of dramatically eroding margins of safety," it added.
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Jan 6 (Reuters) - The union representing 15,000 American Airlines AAL.O pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training. The carrier on Tuesday implemented new procedures for cockpit communications during critical events such as low visibility landings, according to the union. "This attempt to train by bulletin, while ignoring serious safety concerns and well-established best practices, runs the risk of dramatically eroding margins of safety," it added.
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3036.0
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2023-01-06 00:00:00 UTC
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3 Standout Relative Price Strength Stocks to Buy for 2023
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AAL
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https://www.nasdaq.com/articles/3-standout-relative-price-strength-stocks-to-buy-for-2023
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nan
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As we step into 2023, it is time to focus on good investment opportunities.
Last year was a tough one for Wall Street. In particular, the S&P 500 — which tracks the biggest U.S.-listed companies — closed down around 20% in 2022. It was the benchmark’s worst performance in more than a decade and ended a three-year winning streak.
With market participants concerned that the American central bank’s rate-hiking campaign to fight persistently high inflation would trigger an eventual recession, the major U.S. equity indices were caught up in a selloff even as the war between Russia and Ukraine continued to drag on.
Even now, the picture is quite mixed. While the Fed’s scaled-back rate hike of 50 basis points, following four back-to-back increases of 75 basis points each, provided a much-needed respite to the economy, softness in consumer spending, worries over a tight labor market and the lowering of this year’s GDP to 0.5% from the previous estimate of 1.2%, played spoilsport.
In the current jittery market environment, investors who might want to stay exposed to the equity setup should focus on good investment opportunities. One of the ways such potential plays could be identified is to look for signs of relative price strength.
Relative Price Strength Strategy
Whether a stock has the potential to offer considerable returns is determined primarily by its earnings and valuation ratios. Simultaneously, it is essential to check whether its price performance exceeds its peers or the industry average.
Upon such comparison, if we find that a stock is unable to match up to wider sectoral growth despite having impressive earnings momentum or valuation multiples, it may be better to avoid it.
However, those outperforming their respective industries or benchmarks should be included in your portfolio since they have a higher chance of securing significant returns. Picking a stock that outperforms its peers ensures that you have a winning option on your hands.
Then again, it is imperative that you determine whether or not an investment has relevant upside potential when considering stocks with significant relative price strength. Stocks delivering better than the S&P 500 for 1 to 3 months at least and having solid fundamentals indicate room for growth and are the best ways to go about this strategy.
Finally, it is crucial to find out whether analysts are optimistic about the upcoming earnings of these companies. In order to do this, we have added positive estimate revisions for the current quarter’s (Q1) earnings to our screen. When a stock undergoes an upward revision, it leads to additional price gains.
Screening Parameters
Relative % Price change – 12 weeks greater than 0
Relative % Price change – 4 weeks greater than 0
Relative % Price change – 1 week greater than 0
(We have considered those stocks that have been outperforming the S&P 500 over the last 12 weeks, four weeks and one week.)
% Change (Q1) Est. over 4 Weeks greater than 0: Positive current-quarter estimate revisions over the last four weeks.
Zacks Rank equal to 1: Only Zacks Rank #1 (Strong Buy) stocks — that have returned more than 26% annually over the last 26 years and surpassed the S&P 500 in 23 of the last 26 years — can get through. You can see the complete list of today’s Zacks #1 Rank stocks here.
Current Price greater than or equal to $5 and Average 20-day Volume greater than or equal to 50,000: A minimum price of $5 is a good standard to screen low-priced stocks, while a high trading volume would imply adequate liquidity.
VGM Score less than or equal to B: Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2 (Buy), offer the best upside potential.
Here are the three stocks that made it through the screen:
American Airlines Group AAL: The largest airline internationally, American Airlines’ primary business is to provide passenger and cargo services. The 2022 Zacks Consensus Estimate for the Fort Worth, TX-based carrier indicates 97.9% year-over-year earnings per share growth. AAL has a VGM Score of B.
American Airlines beat the Zacks Consensus Estimate for earnings in three of the last four quarters. It has a trailing four-quarter earnings surprise of 8.6%, on average. AAL stock has lost 27.5% in a year.
Titan Machinery TITN: The company is an agricultural and construction equipment retailer in the United States and Europe. The fiscal 2023 Zacks Consensus Estimate for this West Fargo, ND-based firm indicates 61.7% year-over-year earnings per share growth. TITN has a VGM Score of B.
Titan Machinery beat the Zacks Consensus Estimate for earnings in three of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 59.9%, on average. TITN shares have gained 19.9% in a year.
DCP Midstream Partners DCP: This leading energy infrastructure firm has a diversified portfolio of gathering, logistics, marketing, and processing assets. DCP Midstream has a VGM Score of A. Over the past 60 days, Denver, CO-based DCP saw the Zacks Consensus Estimate for 2022 move up 14%.
DCP Midstream beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters, the average being 25.5%. Valued at around $8 billion, DCP has gained 35.2% in a year.
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 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
Titan Machinery Inc. (TITN) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
DCP Midstream Partners, LP (DCP) : 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 Group AAL: The largest airline internationally, American Airlines’ primary business is to provide passenger and cargo services. AAL has a VGM Score of B. AAL stock has lost 27.5% in a year.
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Click to get this free report Titan Machinery Inc. (TITN) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report DCP Midstream Partners, LP (DCP) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL: The largest airline internationally, American Airlines’ primary business is to provide passenger and cargo services. AAL has a VGM Score of B.
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Click to get this free report Titan Machinery Inc. (TITN) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report DCP Midstream Partners, LP (DCP) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL: The largest airline internationally, American Airlines’ primary business is to provide passenger and cargo services. AAL has a VGM Score of B.
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American Airlines Group AAL: The largest airline internationally, American Airlines’ primary business is to provide passenger and cargo services. AAL has a VGM Score of B. AAL stock has lost 27.5% in a year.
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3037.0
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2023-01-05 00:00:00 UTC
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U.S. FAA names experts to review Boeing safety culture after fatal crashes
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AAL
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https://www.nasdaq.com/articles/u.s.-faa-names-experts-to-review-boeing-safety-culture-after-fatal-crashes
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By David Shepardson
WASHINGTON, Jan 5 (Reuters) - The Federal Aviation Administration (FAA) said Thursday it had named 24 experts to review Boeing’s safety management processes and how they influence Boeing’s safety culture after two fatal 737 MAX crashes killed 346 people.
The panel, which was required by Congress under a 2020 law to reform how the FAA certifies new airplanes, includes MIT lecturer and aerospace engineer Javier de Luis whose sister was killed in a MAX crash, as well as experts from NASA, the FAA, labor unions, Airbus AIR.PA, Southwest Airlines LUV.N, American Airlines AAL.O, United Airlines UAL.O, GE Aviation GE.N, FedEx Express FDX.N and Pratt & Whitney.
The panel will convene in the coming weeks and have nine months to complete its review and issue findings and recommendations, the FAA said. Congress directed the agency to appoint a panel by 2021, but the FAA missed that deadline.
A September 2020 House Transportation and Infrastructure Committee report said the MAX crashes "were the horrific culmination of a series of faulty technical assumptions by Boeing's engineers, a lack of transparency on the part of Boeing's management, and grossly insufficient oversight by the FAA."
Boeing did not immediately comment Thursday, but has previously emphasized it has made reforms to its safety culture that cost the company billions of dollars.
De Luis, a lecturer in the Department of Aeronautics and Astronautics Engineering, told Congress in 2020 that "Boeing cannot be allowed to continue to certify its own designs, especially those systems that directly impact vehicle safety, with little to no outside review."
Last month, Congress voted to lift a Dec. 27 deadline imposing a new safety standard for modern cockpit alerts for two new versions of the 737 MAX aircraft that could have put the sale of those new models at risk.
In September, the FAA finalized a policy to protect aviation employees who perform government certification duties from interference by Boeing and others.
In May, the FAA opted to renew Boeing's Organization Designation Authorization (ODA) program for three years rather than the five years Boeing sought.
The FAA continues to subject Boeing to enhanced oversight, inspecting all new Boeing 737 MAXs and 787s before they can be delivered.
In November, the Transportation Department's Office of Inspector General said it would audit the FAA's oversight of the MAX.
(Reporting by David Shepardson; Editing by Aurora Ellis)
((David.Shepardson@thomsonreuters.com; 2028988324;))
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 panel, which was required by Congress under a 2020 law to reform how the FAA certifies new airplanes, includes MIT lecturer and aerospace engineer Javier de Luis whose sister was killed in a MAX crash, as well as experts from NASA, the FAA, labor unions, Airbus AIR.PA, Southwest Airlines LUV.N, American Airlines AAL.O, United Airlines UAL.O, GE Aviation GE.N, FedEx Express FDX.N and Pratt & Whitney. Boeing did not immediately comment Thursday, but has previously emphasized it has made reforms to its safety culture that cost the company billions of dollars. De Luis, a lecturer in the Department of Aeronautics and Astronautics Engineering, told Congress in 2020 that "Boeing cannot be allowed to continue to certify its own designs, especially those systems that directly impact vehicle safety, with little to no outside review."
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The panel, which was required by Congress under a 2020 law to reform how the FAA certifies new airplanes, includes MIT lecturer and aerospace engineer Javier de Luis whose sister was killed in a MAX crash, as well as experts from NASA, the FAA, labor unions, Airbus AIR.PA, Southwest Airlines LUV.N, American Airlines AAL.O, United Airlines UAL.O, GE Aviation GE.N, FedEx Express FDX.N and Pratt & Whitney. By David Shepardson WASHINGTON, Jan 5 (Reuters) - The Federal Aviation Administration (FAA) said Thursday it had named 24 experts to review Boeing’s safety management processes and how they influence Boeing’s safety culture after two fatal 737 MAX crashes killed 346 people. The FAA continues to subject Boeing to enhanced oversight, inspecting all new Boeing 737 MAXs and 787s before they can be delivered.
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The panel, which was required by Congress under a 2020 law to reform how the FAA certifies new airplanes, includes MIT lecturer and aerospace engineer Javier de Luis whose sister was killed in a MAX crash, as well as experts from NASA, the FAA, labor unions, Airbus AIR.PA, Southwest Airlines LUV.N, American Airlines AAL.O, United Airlines UAL.O, GE Aviation GE.N, FedEx Express FDX.N and Pratt & Whitney. By David Shepardson WASHINGTON, Jan 5 (Reuters) - The Federal Aviation Administration (FAA) said Thursday it had named 24 experts to review Boeing’s safety management processes and how they influence Boeing’s safety culture after two fatal 737 MAX crashes killed 346 people. A September 2020 House Transportation and Infrastructure Committee report said the MAX crashes "were the horrific culmination of a series of faulty technical assumptions by Boeing's engineers, a lack of transparency on the part of Boeing's management, and grossly insufficient oversight by the FAA."
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The panel, which was required by Congress under a 2020 law to reform how the FAA certifies new airplanes, includes MIT lecturer and aerospace engineer Javier de Luis whose sister was killed in a MAX crash, as well as experts from NASA, the FAA, labor unions, Airbus AIR.PA, Southwest Airlines LUV.N, American Airlines AAL.O, United Airlines UAL.O, GE Aviation GE.N, FedEx Express FDX.N and Pratt & Whitney. By David Shepardson WASHINGTON, Jan 5 (Reuters) - The Federal Aviation Administration (FAA) said Thursday it had named 24 experts to review Boeing’s safety management processes and how they influence Boeing’s safety culture after two fatal 737 MAX crashes killed 346 people. Congress directed the agency to appoint a panel by 2021, but the FAA missed that deadline.
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3038.0
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2023-01-05 00:00:00 UTC
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February 24th Options Now Available For American Airlines Group (AAL)
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AAL
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https://www.nasdaq.com/articles/february-24th-options-now-available-for-american-airlines-group-aal
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nan
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Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the February 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new February 24th contracts and identified one put and one call contract of particular interest.
The put contract at the $13.50 strike price has a current bid of 81 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $13.50, but will also collect the premium, putting the cost basis of the shares at $12.69 (before broker commissions). To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $13.80/share today.
Because the $13.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.00% return on the cash commitment, or 43.80% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for American Airlines Group Inc, and highlighting in green where the $13.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $14.50 strike price has a current bid of 71 cents. If an investor was to purchase shares of AAL stock at the current price level of $13.80/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $14.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.22% if the stock gets called away at the February 24th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $14.50 strike highlighted in red:
Considering the fact that the $14.50 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 5.14% boost of extra return to the investor, or 37.56% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $13.80) to be 57%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Top Ten Hedge Funds Holding VS
Top Ten Hedge Funds Holding AIW
WDIV Videos
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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Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $14.50 strike highlighted in red: Considering the fact that the $14.50 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the February 24th expiration.
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Below is a chart showing AAL's trailing twelve month trading history, with the $14.50 strike highlighted in red: Considering the fact that the $14.50 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the February 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new February 24th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAL's trailing twelve month trading history, with the $14.50 strike highlighted in red: Considering the fact that the $14.50 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the February 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new February 24th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAL's trailing twelve month trading history, with the $14.50 strike highlighted in red: Considering the fact that the $14.50 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the February 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new February 24th contracts and identified one put and one call contract of particular interest.
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3039.0
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2023-01-05 00:00:00 UTC
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Best Value Stocks to Buy for January 5th
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AAL
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https://www.nasdaq.com/articles/best-value-stocks-to-buy-for-january-5th-0
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Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 5th:
Dynagas LNG Partners DLNG: This company which is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.0% over the last 60 days.
Dynagas LNG Partners LP Price and Consensus
Dynagas LNG Partners LP price-consensus-chart | Dynagas LNG Partners LP Quote
Dynagas LNG Partners has a price-to-earnings ratio (P/E) of 3.41 compared with 6.10 for the industry. The company possesses a Value Score of A.
Dynagas LNG Partners LP PE Ratio (TTM)
Dynagas LNG Partners LP pe-ratio-ttm | Dynagas LNG Partners LP Quote
Liberty Energy LBRT: This company which is a premier provider of hydraulic fracturing and other auxiliary services to onshore exploration and production (E&P) companies in North America, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.0% over the last 60 days.
Liberty Energy Inc. Price and Consensus
Liberty Energy Inc. price-consensus-chart | Liberty Energy Inc. Quote
Liberty Energy has a price-to-earnings ratio (P/E) of 4.70 compared with 31.20 for the industry. The company possesses a Value Score of B.
Liberty Energy Inc. PE Ratio (TTM)
Liberty Energy Inc. pe-ratio-ttm | Liberty Energy Inc. Quote
American Airlines AAL: This company that provides scheduled air transportation services for passengers and cargo in major cities across the globe, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.
American Airlines Group Inc. Price and Consensus
American Airlines Group Inc. price-consensus-chart | American Airlines Group Inc. Quote
American Airlines has a price-to-earnings ratio (P/E) of 7.85 compared with 17.33 for the S&P. The company possesses a Value Score of B.
American Airlines Group Inc. PE Ratio (TTM)
American Airlines Group Inc. pe-ratio-ttm | American Airlines Group Inc. Quote
See the full list of top ranked stocks here.
Learn more about the Value score and how it is calculated here.
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
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Dynagas LNG Partners LP (DLNG) : Free Stock Analysis Report
Liberty Energy Inc. (LBRT) : 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 company possesses a Value Score of B. Liberty Energy Inc. PE Ratio (TTM) Liberty Energy Inc. pe-ratio-ttm | Liberty Energy Inc. Quote American Airlines AAL: This company that provides scheduled air transportation services for passengers and cargo in major cities across the globe, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Dynagas LNG Partners LP (DLNG) : Free Stock Analysis Report Liberty Energy Inc. (LBRT) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 5th: Dynagas LNG Partners DLNG: This company which is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.0% over the last 60 days.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Dynagas LNG Partners LP (DLNG) : Free Stock Analysis Report Liberty Energy Inc. (LBRT) : Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Value Score of B. Liberty Energy Inc. PE Ratio (TTM) Liberty Energy Inc. pe-ratio-ttm | Liberty Energy Inc. Quote American Airlines AAL: This company that provides scheduled air transportation services for passengers and cargo in major cities across the globe, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days. Dynagas LNG Partners LP Price and Consensus Dynagas LNG Partners LP price-consensus-chart | Dynagas LNG Partners LP Quote Dynagas LNG Partners has a price-to-earnings ratio (P/E) of 3.41 compared with 6.10 for the industry.
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The company possesses a Value Score of B. Liberty Energy Inc. PE Ratio (TTM) Liberty Energy Inc. pe-ratio-ttm | Liberty Energy Inc. Quote American Airlines AAL: This company that provides scheduled air transportation services for passengers and cargo in major cities across the globe, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Dynagas LNG Partners LP (DLNG) : Free Stock Analysis Report Liberty Energy Inc. (LBRT) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 5th: Dynagas LNG Partners DLNG: This company which is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.0% over the last 60 days.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Dynagas LNG Partners LP (DLNG) : Free Stock Analysis Report Liberty Energy Inc. (LBRT) : Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Value Score of B. Liberty Energy Inc. PE Ratio (TTM) Liberty Energy Inc. pe-ratio-ttm | Liberty Energy Inc. Quote American Airlines AAL: This company that provides scheduled air transportation services for passengers and cargo in major cities across the globe, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days. Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 5th: Dynagas LNG Partners DLNG: This company which is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.0% over the last 60 days.
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3040.0
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2023-01-05 00:00:00 UTC
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Is American Airlines (AAL) Stock Outpacing Its Transportation Peers This Year?
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AAL
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https://www.nasdaq.com/articles/is-american-airlines-aal-stock-outpacing-its-transportation-peers-this-year
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nan
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The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. American Airlines (AAL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.
American Airlines is a member of our Transportation group, which includes 136 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. American Airlines is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AAL's full-year earnings has moved 19.7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AAL has returned about 6.8% since the start of the calendar year. Meanwhile, stocks in the Transportation group have lost about 15.5% on average. As we can see, American Airlines is performing better than its sector in the calendar year.
One other Transportation stock that has outperformed the sector so far this year is Air FranceKLM SA (AFLYY). The stock is up 5.9% year-to-date.
The consensus estimate for Air FranceKLM SA's current year EPS has increased 146.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, American Airlines belongs to the Transportation - Airline industry, a group that includes 29 individual companies and currently sits at #56 in the Zacks Industry Rank. Stocks in this group have lost about 18.8% so far this year, so AAL is performing better this group in terms of year-to-date returns. Air FranceKLM SA is also part of the same industry.
Investors with an interest in Transportation stocks should continue to track American Airlines and Air FranceKLM SA. These stocks will be looking to continue their solid performance.
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
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Air FranceKLM SA (AFLYY) : 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) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? The Zacks Consensus Estimate for AAL's full-year earnings has moved 19.7% higher within the past quarter. Our latest available data shows that AAL has returned about 6.8% since the start of the calendar year.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Air FranceKLM SA (AFLYY) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? The Zacks Consensus Estimate for AAL's full-year earnings has moved 19.7% higher within the past quarter.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Air FranceKLM SA (AFLYY) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? The Zacks Consensus Estimate for AAL's full-year earnings has moved 19.7% higher within the past quarter.
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Stocks in this group have lost about 18.8% so far this year, so AAL is performing better this group in terms of year-to-date returns. American Airlines (AAL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? The Zacks Consensus Estimate for AAL's full-year earnings has moved 19.7% higher within the past quarter.
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3041.0
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2023-01-05 00:00:00 UTC
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New Strong Buy Stocks for January 5th
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AAL
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-january-5th-0
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nan
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
American Airlines AAL: This company that provides scheduled air transportation services for passengers and cargo in major cities across the globe, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 day.
American Airlines Group Inc. Price and Consensus
American Airlines Group Inc. price-consensus-chart | American Airlines Group Inc. Quote
Dynagas LNG Partners DLNG: This company which is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies, has seen the Zacks Consensus Estimate for its current year earnings increasing 3.0% over the last 60 days.
Dynagas LNG Partners LP Price and Consensus
Dynagas LNG Partners LP price-consensus-chart | Dynagas LNG Partners LP Quote
BNP Paribas BNPQY: This leading banking and financial servicescompany which operates in Europe, North America, Asia Pacific, and internationally, has seen the Zacks Consensus Estimate for its next year earnings increasing 1.4% over the last 60 days.
BNP Paribas SA Price and Consensus
BNP Paribas SA price-consensus-chart | BNP Paribas SA Quote
Novo Nordisk NVO: This global healthcare company which is a leader in the worldwide diabetes market and alsoa key playerin hemophilia care, growth hormone therapy, hormone replacement therapy and obesity, has seen the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days.
Novo Nordisk AS Price and Consensus
Novo Nordisk AS price-consensus-chart | Novo Nordisk AS Quote
SAP SAP: This company which is one of the largest independent software vendors in the world and the leading provider of enterprise resource planning (ERP) software, has seen the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days.
SAP SE Price and Consensus
SAP SE price-consensus-chart | SAP SE Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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
Novo Nordisk AS (NVO) : Free Stock Analysis Report
SAP SE (SAP) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
BNP Paribas SA (BNPQY) : Free Stock Analysis Report
Dynagas LNG Partners LP (DLNG) : 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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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: American Airlines AAL: This company that provides scheduled air transportation services for passengers and cargo in major cities across the globe, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 day. Click to get this free report Novo Nordisk AS (NVO) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report BNP Paribas SA (BNPQY) : Free Stock Analysis Report Dynagas LNG Partners LP (DLNG) : Free Stock Analysis Report To read this article on Zacks.com click here. BNP Paribas SA Price and Consensus BNP Paribas SA price-consensus-chart | BNP Paribas SA Quote Novo Nordisk NVO: This global healthcare company which is a leader in the worldwide diabetes market and alsoa key playerin hemophilia care, growth hormone therapy, hormone replacement therapy and obesity, has seen the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days.
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Click to get this free report Novo Nordisk AS (NVO) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report BNP Paribas SA (BNPQY) : Free Stock Analysis Report Dynagas LNG Partners LP (DLNG) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: American Airlines AAL: This company that provides scheduled air transportation services for passengers and cargo in major cities across the globe, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 day. American Airlines Group Inc. Price and Consensus American Airlines Group Inc. price-consensus-chart | American Airlines Group Inc. Quote Dynagas LNG Partners DLNG: This company which is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies, has seen the Zacks Consensus Estimate for its current year earnings increasing 3.0% over the last 60 days.
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Click to get this free report Novo Nordisk AS (NVO) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report BNP Paribas SA (BNPQY) : Free Stock Analysis Report Dynagas LNG Partners LP (DLNG) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: American Airlines AAL: This company that provides scheduled air transportation services for passengers and cargo in major cities across the globe, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 day. American Airlines Group Inc. Price and Consensus American Airlines Group Inc. price-consensus-chart | American Airlines Group Inc. Quote Dynagas LNG Partners DLNG: This company which is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies, has seen the Zacks Consensus Estimate for its current year earnings increasing 3.0% over the last 60 days.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: American Airlines AAL: This company that provides scheduled air transportation services for passengers and cargo in major cities across the globe, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 day. Click to get this free report Novo Nordisk AS (NVO) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report BNP Paribas SA (BNPQY) : Free Stock Analysis Report Dynagas LNG Partners LP (DLNG) : Free Stock Analysis Report To read this article on Zacks.com click here. SAP SE Price and Consensus SAP SE price-consensus-chart | SAP SE Quote You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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3042.0
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2023-01-05 00:00:00 UTC
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Chile copper production down 6% in November - Cochilco
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AAL
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https://www.nasdaq.com/articles/chile-copper-production-down-6-in-november-cochilco
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nan
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nan
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SANTIAGO, Jan 5 (Reuters) - Chile's total copper production fell 6.9% in November to 449,000 tonnes, government body Cochilco said on Thursday.
Production from state-owned giant Codelco slipped 11.7% on a yearly basis to 135,800 tonnes, Cochilco said, while output from BHP-controlled BHP.AX Escondida fell 0.62% to 79,800 tonnes.
Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 46,700 tonnes, a 7.9% drop.
(Reporting by Natalia Ramos, Editing by Isabel Woodford)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))
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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Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 46,700 tonnes, a 7.9% drop. SANTIAGO, Jan 5 (Reuters) - Chile's total copper production fell 6.9% in November to 449,000 tonnes, government body Cochilco said on Thursday. (Reporting by Natalia Ramos, Editing by Isabel Woodford) ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;)) 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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Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 46,700 tonnes, a 7.9% drop. SANTIAGO, Jan 5 (Reuters) - Chile's total copper production fell 6.9% in November to 449,000 tonnes, government body Cochilco said on Thursday. Production from state-owned giant Codelco slipped 11.7% on a yearly basis to 135,800 tonnes, Cochilco said, while output from BHP-controlled BHP.AX Escondida fell 0.62% to 79,800 tonnes.
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Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 46,700 tonnes, a 7.9% drop. SANTIAGO, Jan 5 (Reuters) - Chile's total copper production fell 6.9% in November to 449,000 tonnes, government body Cochilco said on Thursday. Production from state-owned giant Codelco slipped 11.7% on a yearly basis to 135,800 tonnes, Cochilco said, while output from BHP-controlled BHP.AX Escondida fell 0.62% to 79,800 tonnes.
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Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 46,700 tonnes, a 7.9% drop. SANTIAGO, Jan 5 (Reuters) - Chile's total copper production fell 6.9% in November to 449,000 tonnes, government body Cochilco said on Thursday. Production from state-owned giant Codelco slipped 11.7% on a yearly basis to 135,800 tonnes, Cochilco said, while output from BHP-controlled BHP.AX Escondida fell 0.62% to 79,800 tonnes.
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3043.0
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2023-01-04 00:00:00 UTC
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Notable Wednesday Option Activity: AAL, COP, EQT
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AAL
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-aal-cop-eqt
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nan
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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 118,929 contracts has been traded thus far today, a contract volume which is representative of approximately 11.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48% of AAL's average daily trading volume over the past month, of 24.8 million shares. Particularly high volume was seen for the $13 strike call option expiring February 17, 2023, with 15,353 contracts trading so far today, representing approximately 1.5 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $13 strike highlighted in orange:
ConocoPhillips (Symbol: COP) options are showing a volume of 27,812 contracts thus far today. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 46.2% of COP's average daily trading volume over the past month, of 6.0 million shares. Especially high volume was seen for the $95 strike put option expiring March 17, 2023, with 6,967 contracts trading so far today, representing approximately 696,700 underlying shares of COP. Below is a chart showing COP's trailing twelve month trading history, with the $95 strike highlighted in orange:
And EQT Corp (Symbol: EQT) saw options trading volume of 28,567 contracts, representing approximately 2.9 million underlying shares or approximately 44.6% of EQT's average daily trading volume over the past month, of 6.4 million shares. Particularly high volume was seen for the $30 strike put option expiring March 17, 2023, with 6,408 contracts trading so far today, representing approximately 640,800 underlying shares of EQT. Below is a chart showing EQT's trailing twelve month trading history, with the $30 strike highlighted in orange:
For the various different available expirations for AAL options, COP options, or EQT options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Ten Hedge Funds Holding OUST
Top Ten Hedge Funds Holding IOCT
DUG 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 $13 strike call option expiring February 17, 2023, with 15,353 contracts trading so far today, representing approximately 1.5 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 118,929 contracts has been traded thus far today, a contract volume which is representative of approximately 11.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48% of AAL's average daily trading volume over the past month, of 24.8 million shares.
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Below is a chart showing AAL's trailing twelve month trading history, with the $13 strike highlighted in orange: ConocoPhillips (Symbol: COP) options are showing a volume of 27,812 contracts thus far today. 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 118,929 contracts has been traded thus far today, a contract volume which is representative of approximately 11.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48% of AAL's average daily trading volume over the past month, of 24.8 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 118,929 contracts has been traded thus far today, a contract volume which is representative of approximately 11.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48% of AAL's average daily trading volume over the past month, of 24.8 million shares. Particularly high volume was seen for the $13 strike call option expiring February 17, 2023, with 15,353 contracts trading so far today, representing approximately 1.5 million underlying shares of AAL.
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Particularly high volume was seen for the $13 strike call option expiring February 17, 2023, with 15,353 contracts trading so far today, representing approximately 1.5 million underlying shares of AAL. Below is a chart showing EQT's trailing twelve month trading history, with the $30 strike highlighted in orange: For the various different available expirations for AAL options, COP options, or EQT 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 118,929 contracts has been traded thus far today, a contract volume which is representative of approximately 11.9 million underlying shares (given that every 1 contract represents 100 underlying shares).
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3044.0
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2023-01-04 00:00:00 UTC
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Is FlexShares High Yield ValueScored Bond ETF (HYGV) a Strong ETF Right Now?
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AAL
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https://www.nasdaq.com/articles/is-flexshares-high-yield-valuescored-bond-etf-hygv-a-strong-etf-right-now-5
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nan
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A smart beta exchange traded fund, the FlexShares High Yield ValueScored Bond ETF (HYGV) debuted on 07/17/2018, and offers broad exposure to the High-Yield/Junk Bond ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
The fund is managed by Flexshares, and has been able to amass over $934.36 million, which makes it one of the larger ETFs in the High-Yield/Junk Bond ETFs. Before fees and expenses, this particular fund seeks to match the performance of the NORTHERN TRUST HY VLU-SCRD US CORP BD ID.
The Northern Trust High Yield Value-Scored US Corporate Bond Index measures the performance of a diversified universe of high yield, US-dollar denominated bonds of companies exhibiting favorable fundamental qualities, market valuations and liquidity.
Cost & Other Expenses
When considering an ETF's total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal.
Operating expenses on an annual basis are 0.37% for HYGV, making it on par with most peer products in the space.
The fund has a 12-month trailing dividend yield of 7.63%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
Taking into account individual holdings, Cash (INTEL) accounts for about 1.16% of the fund's total assets, followed by Intelsat Jackson Hldgs S A (MCFE) and Condor Merger Sub Inc Callable Notes Fixed 7.375% (AAL).
The top 10 holdings account for about 6.21% of total assets under management.
Performance and Risk
So far this year, HYGV has added roughly 0.20%, and is down about -12.39% in the last one year (as of 01/04/2023). During this past 52-week period, the fund has traded between $38.86 and $48.87.
The ETF has a beta of 0.49 and standard deviation of 13.02% for the trailing three-year period. With about 981 holdings, it effectively diversifies company-specific risk.
Alternatives
FlexShares High Yield ValueScored Bond ETF is not a suitable option for investors seeking to outperform the High-Yield/Junk Bond ETFs segment of the market. Instead, there are other ETFs in the space which investors should consider.
IShares Broad USD High Yield Corporate Bond ETF (USHY) tracks BofA Merrill Lynch U.S. High Yield Constrained Index and the iShares iBoxx High Yield Corporate Bond ETF (HYG) tracks Markit iBoxx USD Liquid High Yield Index. IShares Broad USD High Yield Corporate Bond ETF has $9.57 billion in assets, iShares iBoxx High Yield Corporate Bond ETF has $16.47 billion. USHY has an expense ratio of 0.15% and HYG charges 0.48%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the High-Yield/Junk Bond ETFs.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it 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
FlexShares High Yield ValueScored Bond ETF (HYGV): ETF Research Reports
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
iShares iBoxx High Yield Corporate Bond ETF (HYG): ETF Research Reports
iShares Broad USD High Yield Corporate Bond ETF (USHY): ETF Research Reports
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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Taking into account individual holdings, Cash (INTEL) accounts for about 1.16% of the fund's total assets, followed by Intelsat Jackson Hldgs S A (MCFE) and Condor Merger Sub Inc Callable Notes Fixed 7.375% (AAL). Click to get this free report FlexShares High Yield ValueScored Bond ETF (HYGV): ETF Research Reports American Airlines Group Inc. (AAL) : Free Stock Analysis Report iShares iBoxx High Yield Corporate Bond ETF (HYG): ETF Research Reports iShares Broad USD High Yield Corporate Bond ETF (USHY): ETF Research Reports To read this article on Zacks.com click here. By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such.
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Click to get this free report FlexShares High Yield ValueScored Bond ETF (HYGV): ETF Research Reports American Airlines Group Inc. (AAL) : Free Stock Analysis Report iShares iBoxx High Yield Corporate Bond ETF (HYG): ETF Research Reports iShares Broad USD High Yield Corporate Bond ETF (USHY): ETF Research Reports To read this article on Zacks.com click here. Taking into account individual holdings, Cash (INTEL) accounts for about 1.16% of the fund's total assets, followed by Intelsat Jackson Hldgs S A (MCFE) and Condor Merger Sub Inc Callable Notes Fixed 7.375% (AAL). IShares Broad USD High Yield Corporate Bond ETF (USHY) tracks BofA Merrill Lynch U.S. High Yield Constrained Index and the iShares iBoxx High Yield Corporate Bond ETF (HYG) tracks Markit iBoxx USD Liquid High Yield Index.
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Click to get this free report FlexShares High Yield ValueScored Bond ETF (HYGV): ETF Research Reports American Airlines Group Inc. (AAL) : Free Stock Analysis Report iShares iBoxx High Yield Corporate Bond ETF (HYG): ETF Research Reports iShares Broad USD High Yield Corporate Bond ETF (USHY): ETF Research Reports To read this article on Zacks.com click here. Taking into account individual holdings, Cash (INTEL) accounts for about 1.16% of the fund's total assets, followed by Intelsat Jackson Hldgs S A (MCFE) and Condor Merger Sub Inc Callable Notes Fixed 7.375% (AAL). A smart beta exchange traded fund, the FlexShares High Yield ValueScored Bond ETF (HYGV) debuted on 07/17/2018, and offers broad exposure to the High-Yield/Junk Bond ETFs category of the market.
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Taking into account individual holdings, Cash (INTEL) accounts for about 1.16% of the fund's total assets, followed by Intelsat Jackson Hldgs S A (MCFE) and Condor Merger Sub Inc Callable Notes Fixed 7.375% (AAL). Click to get this free report FlexShares High Yield ValueScored Bond ETF (HYGV): ETF Research Reports American Airlines Group Inc. (AAL) : Free Stock Analysis Report iShares iBoxx High Yield Corporate Bond ETF (HYG): ETF Research Reports iShares Broad USD High Yield Corporate Bond ETF (USHY): ETF Research Reports To read this article on Zacks.com click here. A smart beta exchange traded fund, the FlexShares High Yield ValueScored Bond ETF (HYGV) debuted on 07/17/2018, and offers broad exposure to the High-Yield/Junk Bond ETFs category of the market.
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3045.0
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2023-01-04 00:00:00 UTC
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Can Delta Air Lines Stock Bounce Back From Recent Slide?
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AAL
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https://www.nasdaq.com/articles/can-delta-air-lines-stock-bounce-back-from-recent-slide
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nan
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nan
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Delta Air Lines, Inc. stock (NYSE: DAL) is down 0.8% in the past two weeks (ten trading days), performing in line with the S&P 500 over this period. Additionally, if you look at the change over the last week (five trading days) and one month too, the stock has dropped roughly in line with the S&P 500. Delta’s most recent Q3 ’22 earnings, saw revenue rising from $9.15 billion in Q3 ’21 to $13.98 billion in Q3 ’22. However, operating expenses rose at a faster rate, and operating income dropped from $2.21 billion to $1.46 billion over this period. Due to this, net income dropped and EPS came in lower at $1.09 in Q3 ’22, against $1.90 in Q3 ’21.
Now, is DAL stock set to continue its slide or could we expect a recovery? We believe that there is a strong 69% chance of a rise in DAL stock over the next month (21 trading days) based on our machine learning analysis of trends in the stock price over the last ten years. See our analysis on DAL Stock Chance of Rise. For additional details about the company’s historical returns and comparison to peers, see Delta Air Lines (DAL) Stock Return.
Twenty-One Day: DAL -7.2%, vs. S&P500 -6.7%; Underperformed market
(18% likelihood event; 69% probability of rise over next 21 days)
DAL stock lost 7.2% over the last twenty-one trading days (one month), compared to a broader market (S&P500) drop of 6.7%
A change of -7.2% or more over twenty-one trading days is an 18% likelihood event, which has occurred 451 times out of 2516 in the last 10 years
Of these 451 instances, the stock has seen a positive movement over the next twenty-one trading days on 313 occasions
This points to a 69% probability for the stock rising over the next twenty-one trading days
Ten Day: DAL -0.8%, vs. S&P500 -0.8%; Performed in line with market
(39% likelihood event; 56% probability of rise over next 10 days)
DAL stock lost a marginal 0.8% over the last ten trading days (two weeks), compared to a broader market (S&P500) drop of 0.8%
A change of -0.8% or more over ten trading days is a 39% likelihood event, which has occurred 980 times out of 2516 in the last 10 years
Of these 980 instances, the stock has seen a positive movement over the next ten trading days on 548 occasions
This points to a 56% probability for the stock rising over the next ten trading days
Five Day: DAL -1%, vs. S&P500 -0.7%; Underperformed market
(38% likelihood event; 52% probability of rise over next five days)
DAL stock lost 1% over a five-day trading period ending 12/30/2022, compared to the broader market (S&P500) which was down 0.7% over this period.
A change of -1% or more over five trading days (one week) is a 38% likelihood event, which has occurred 947 times out of 2517 in the last 10 years
Of these 947 instances, the stock has seen a positive movement over the next five trading days on 494 occasions
This points to a 52% probability for the stock rising over the next five trading days
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
Returns Jan 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
DAL Return -1% -1% -34%
S&P 500 Return -1% -1% 70%
Trefis Multi-Strategy Portfolio 0% 0% 214%
[1] Month-to-date and year-to-date as of 1/3/2023
[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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Additionally, if you look at the change over the last week (five trading days) and one month too, the stock has dropped roughly in line with the S&P 500. Now, is DAL stock set to continue its slide or could we expect a recovery? Total [2] DAL Return -1% -1% -34% S&P 500 Return -1% -1% 70% Trefis Multi-Strategy Portfolio 0% 0% 214% [1] Month-to-date and year-to-date as of 1/3/2023 [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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For additional details about the company’s historical returns and comparison to peers, see Delta Air Lines (DAL) Stock Return. Twenty-One Day: DAL -7.2%, vs. S&P500 -6.7%; Underperformed market (18% likelihood event; 69% probability of rise over next 21 days) DAL stock lost 7.2% over the last twenty-one trading days (one month), compared to a broader market (S&P500) drop of 6.7% A change of -7.2% or more over twenty-one trading days is an 18% likelihood event, which has occurred 451 times out of 2516 in the last 10 years Of these 451 instances, the stock has seen a positive movement over the next twenty-one trading days on 313 occasions This points to a 69% probability for the stock rising over the next twenty-one trading days Ten Day: DAL -0.8%, vs. S&P500 -0.8%; Performed in line with market (39% likelihood event; 56% probability of rise over next 10 days) DAL stock lost a marginal 0.8% over the last ten trading days (two weeks), compared to a broader market (S&P500) drop of 0.8% A change of -0.8% or more over ten trading days is a 39% likelihood event, which has occurred 980 times out of 2516 in the last 10 years Of these 980 instances, the stock has seen a positive movement over the next ten trading days on 548 occasions This points to a 56% probability for the stock rising over the next ten trading days Five Day: DAL -1%, vs. S&P500 -0.7%; Underperformed market (38% likelihood event; 52% probability of rise over next five days) DAL stock lost 1% over a five-day trading period ending 12/30/2022, compared to the broader market (S&P500) which was down 0.7% over this period. Total [2] DAL Return -1% -1% -34% S&P 500 Return -1% -1% 70% Trefis Multi-Strategy Portfolio 0% 0% 214% [1] Month-to-date and year-to-date as of 1/3/2023 [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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Twenty-One Day: DAL -7.2%, vs. S&P500 -6.7%; Underperformed market (18% likelihood event; 69% probability of rise over next 21 days) DAL stock lost 7.2% over the last twenty-one trading days (one month), compared to a broader market (S&P500) drop of 6.7% A change of -7.2% or more over twenty-one trading days is an 18% likelihood event, which has occurred 451 times out of 2516 in the last 10 years Of these 451 instances, the stock has seen a positive movement over the next twenty-one trading days on 313 occasions This points to a 69% probability for the stock rising over the next twenty-one trading days Ten Day: DAL -0.8%, vs. S&P500 -0.8%; Performed in line with market (39% likelihood event; 56% probability of rise over next 10 days) DAL stock lost a marginal 0.8% over the last ten trading days (two weeks), compared to a broader market (S&P500) drop of 0.8% A change of -0.8% or more over ten trading days is a 39% likelihood event, which has occurred 980 times out of 2516 in the last 10 years Of these 980 instances, the stock has seen a positive movement over the next ten trading days on 548 occasions This points to a 56% probability for the stock rising over the next ten trading days Five Day: DAL -1%, vs. S&P500 -0.7%; Underperformed market (38% likelihood event; 52% probability of rise over next five days) DAL stock lost 1% over a five-day trading period ending 12/30/2022, compared to the broader market (S&P500) which was down 0.7% over this period. A change of -1% or more over five trading days (one week) is a 38% likelihood event, which has occurred 947 times out of 2517 in the last 10 years Of these 947 instances, the stock has seen a positive movement over the next five trading days on 494 occasions This points to a 52% probability for the stock rising over the next five trading days What if you’re looking for a more balanced portfolio instead? Total [2] DAL Return -1% -1% -34% S&P 500 Return -1% -1% 70% Trefis Multi-Strategy Portfolio 0% 0% 214% [1] Month-to-date and year-to-date as of 1/3/2023 [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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However, operating expenses rose at a faster rate, and operating income dropped from $2.21 billion to $1.46 billion over this period. We believe that there is a strong 69% chance of a rise in DAL stock over the next month (21 trading days) based on our machine learning analysis of trends in the stock price over the last ten years. Total [2] DAL Return -1% -1% -34% S&P 500 Return -1% -1% 70% Trefis Multi-Strategy Portfolio 0% 0% 214% [1] Month-to-date and year-to-date as of 1/3/2023 [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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3046.0
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2023-01-03 00:00:00 UTC
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Interesting AAL Put And Call Options For June 2025
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AAL
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https://www.nasdaq.com/articles/interesting-aal-put-and-call-options-for-june-2025
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nan
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nan
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Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the June 2025 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 899 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new June 2025 contracts and identified one put and one call contract of particular interest.
The put contract at the $12.00 strike price has a current bid of $2.99. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $12.00, but will also collect the premium, putting the cost basis of the shares at $9.01 (before broker commissions). To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $12.83/share today.
Because the $12.00 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 24.92% return on the cash commitment, or 10.12% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for American Airlines Group Inc, and highlighting in green where the $12.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $17.00 strike price has a current bid of $2.96. If an investor was to purchase shares of AAL stock at the current price level of $12.83/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $17.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 55.57% if the stock gets called away at the June 2025 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $17.00 strike highlighted in red:
Considering the fact that the $17.00 strike represents an approximate 32% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 23.07% boost of extra return to the investor, or 9.37% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $12.83) to be 56%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Blue Chip Dividend Stocks Hedge Funds Are Buying
MRTX Videos
Funds Holding BDX
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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Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $17.00 strike highlighted in red: Considering the fact that the $17.00 strike represents an approximate 32% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the June 2025 expiration.
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Below is a chart showing AAL's trailing twelve month trading history, with the $17.00 strike highlighted in red: Considering the fact that the $17.00 strike represents an approximate 32% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the June 2025 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new June 2025 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAL's trailing twelve month trading history, with the $17.00 strike highlighted in red: Considering the fact that the $17.00 strike represents an approximate 32% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the June 2025 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new June 2025 contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new June 2025 contracts and identified one put and one call contract of particular interest. Below is a chart showing AAL's trailing twelve month trading history, with the $17.00 strike highlighted in red: Considering the fact that the $17.00 strike represents an approximate 32% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the June 2025 expiration.
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3047.0
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2023-01-03 00:00:00 UTC
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Are Investors Undervaluing American Airlines (AAL) Right Now?
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AAL
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https://www.nasdaq.com/articles/are-investors-undervaluing-american-airlines-aal-right-now
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nan
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nan
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. AAL has a P/S ratio of 0.18. This compares to its industry's average P/S of 0.48.
Finally, investors should note that AAL has a P/CF ratio of 12.51. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 20.64. Over the past 52 weeks, AAL's P/CF has been as high as 36.69 and as low as -305.42, with a median of 14.63.
If you're looking for another solid Transportation - Airline value stock, take a look at Delta Air Lines (DAL). DAL is a # 2 (Buy) stock with a Value score of A.
Furthermore, Delta Air Lines holds a P/B ratio of 4.59 and its industry's price-to-book ratio is 4.08. DAL's P/B has been as high as 9.62, as low as 3.92, with a median of 5.71 over the past 12 months.
Value investors will likely look at more than just these metrics, but the above data helps show that American Airlines and Delta Air Lines are likely undervalued currently. And when considering the strength of its earnings outlook, AAL and DAL sticks out as one of the market's strongest value stocks.
Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
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
Delta Air Lines, Inc. (DAL) : 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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One company to watch right now is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. AAL has a P/S ratio of 0.18.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report To read this article on Zacks.com click here. One company to watch right now is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report To read this article on Zacks.com click here. One company to watch right now is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
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One company to watch right now is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. AAL has a P/S ratio of 0.18.
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3048.0
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2022-12-30 00:00:00 UTC
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Chile copper production down 5.5% in November; industrial output drops 7.8%
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AAL
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https://www.nasdaq.com/articles/chile-copper-production-down-5.5-in-november-industrial-output-drops-7.8
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nan
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nan
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Adds details
SANTIAGO, Dec 30 (Reuters) - Copper output in Chile, the world's largest producer of the metal, fell 5.5% year-on-year to 459,229 tonnes in November, the country's statistics agency INE said on Friday.
The agency said the drop was partly due to lower ore grade and operational problems affecting major companies in the sector.
Some copper deposits have also been affected by less water availability, fatal accidents and maintenance issues. Chile is the world's top copper producer and is home to global giants like Codelco, BHP, Glencore, Anglo American, Freeport and Antofagasta.
Manufacturing production in the Andean nation dropped 7.8% in the month, INE added. This follows a 9.2% drop in October.
INE said the decrease was largely due to a drop in manufacturing of chemical products and substances due to a lower availability of raw materials to produce methanol.
There was also a drop in metal products, alcoholic and non-alcoholic beverages due to lower demand leading to less wine grape production.
(Reporting by Fabian Andres Cambero; Editing by Alex Richardson)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))
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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Adds details SANTIAGO, Dec 30 (Reuters) - Copper output in Chile, the world's largest producer of the metal, fell 5.5% year-on-year to 459,229 tonnes in November, the country's statistics agency INE said on Friday. The agency said the drop was partly due to lower ore grade and operational problems affecting major companies in the sector. Chile is the world's top copper producer and is home to global giants like Codelco, BHP, Glencore, Anglo American, Freeport and Antofagasta.
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Adds details SANTIAGO, Dec 30 (Reuters) - Copper output in Chile, the world's largest producer of the metal, fell 5.5% year-on-year to 459,229 tonnes in November, the country's statistics agency INE said on Friday. Chile is the world's top copper producer and is home to global giants like Codelco, BHP, Glencore, Anglo American, Freeport and Antofagasta. INE said the decrease was largely due to a drop in manufacturing of chemical products and substances due to a lower availability of raw materials to produce methanol.
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Adds details SANTIAGO, Dec 30 (Reuters) - Copper output in Chile, the world's largest producer of the metal, fell 5.5% year-on-year to 459,229 tonnes in November, the country's statistics agency INE said on Friday. INE said the decrease was largely due to a drop in manufacturing of chemical products and substances due to a lower availability of raw materials to produce methanol. There was also a drop in metal products, alcoholic and non-alcoholic beverages due to lower demand leading to less wine grape production.
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Adds details SANTIAGO, Dec 30 (Reuters) - Copper output in Chile, the world's largest producer of the metal, fell 5.5% year-on-year to 459,229 tonnes in November, the country's statistics agency INE said on Friday. The agency said the drop was partly due to lower ore grade and operational problems affecting major companies in the sector. INE said the decrease was largely due to a drop in manufacturing of chemical products and substances due to a lower availability of raw materials to produce methanol.
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3049.0
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2022-12-29 00:00:00 UTC
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Here's Why American Airlines (AAL) Should Grace Your Portfolio
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AAL
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https://www.nasdaq.com/articles/heres-why-american-airlines-aal-should-grace-your-portfolio
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nan
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nan
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American Airlines AAL is benefiting from the steady recovery in air-travel demand, particularly on the domestic front. The carrier's debt-reduction efforts are impressive as well.
Let’s delve deeper to unearth the tailwinds surrounding the stock.
Northward Earnings Estimates: The Zacks Consensus Estimate for 2023 earnings has been revised 7.19% upward over the past 60 days. The favorable estimate revision reflect the confidence of brokers in the stock.
Given the wealth of information at brokers’ disposal, it is in the best interest of investors to be guided by their expert advice and the direction of their estimate revisions. This is because the path of estimate revisions serves as an important pointer when it comes to ascertaining the stock price.
Positive Earnings Surprise History: AAL has an impressive earnings surprise history. The company outshined the Zacks Consensus Estimate for earnings in three of the past four quarters. The average beat is 8.62%.
Solid Rank & VGM Score: AAL currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities. Thus, the company seems to be an appropriate investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Bullish Industry Rank: The industry to which American Airlines belongs currently has a Zacks Industry Rank of 37 (of 250 plus groups). Such a solid rank places the industry in the top 15% of the Zacks industries. Studies show that 50% of a stock price movement is directly tied to the performance of the industry group that it hails from.
In fact, a mediocre stock in a healthy group is likely to outperform a robust stock in a poor industry. Therefore, taking the industry’s performance into account becomes necessary.
Other Tailwinds: Continued recovery in air-travel demand, particularly on the domestic front, bodes well for American Airlines. Driven by soaring demand on healthy bookings, management expects total revenues in the fourth quarter of 2022 to be roughly 11-13% higher than the fourth-quarter 2019 levels. Total revenues per available seat miles is expected to be 18-20% higher than the fourth-quarter 2019 actuals.
With air-travel demand having improved, American Airlines is constantly looking to add routes and broaden network. The carrier's debt-reduction efforts are impressive as well. Management aims to reduce its debt by $15 billion by 2025 end. As of September 30, the carrier reduced its debt levels by $5.6 billion from peak levels in the second quarter of 2021.
Other Key Picks
Investors interested in the broader Transportation sector may also consider the following stocks:
Covenant Logistics CVLG: CVLG offers a portfolio of transportation and logistics services, including asset-based expedited, dedicated and irregular route truckload capacity, besides asset-light warehousing, transportation management and freight brokerage capability.
The gradually improving freight market scenario is a tailwind to Covenant. CVLG’s cost-control efforts are appreciated as well. CVLG currently sports a Zacks Rank #1. The stock has witnessed the Zacks Consensus Estimate for 2023 earnings being revised 6.3% upward over the past 60 days.
Teekay Tankers TNK: TNK is being well-served by the increase in tanker rates. A gradual ramp-up in economic activities also bodes well. High fuel costs are, however, weighing on the bottom line.
Teekay Tankers currently sports a Zacks Rank #1. TNK’s shares have soared 67.3% over the past six months. Over the past 60 days, the Zacks Consensus Estimate for 2023 earnings has moved 180% north.
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
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report
Covenant Logistics Group, Inc. (CVLG) : 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 is benefiting from the steady recovery in air-travel demand, particularly on the domestic front. Positive Earnings Surprise History: AAL has an impressive earnings surprise history. Solid Rank & VGM Score: AAL currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A.
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Positive Earnings Surprise History: AAL has an impressive earnings surprise history. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report Covenant Logistics Group, Inc. (CVLG) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL is benefiting from the steady recovery in air-travel demand, particularly on the domestic front.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report Covenant Logistics Group, Inc. (CVLG) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL is benefiting from the steady recovery in air-travel demand, particularly on the domestic front. Positive Earnings Surprise History: AAL has an impressive earnings surprise history.
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American Airlines AAL is benefiting from the steady recovery in air-travel demand, particularly on the domestic front. Positive Earnings Surprise History: AAL has an impressive earnings surprise history. Solid Rank & VGM Score: AAL currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A.
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3050.0
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2022-12-28 00:00:00 UTC
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American Airlines (AAL) Dips More Than Broader Markets: What You Should Know
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https://www.nasdaq.com/articles/american-airlines-aal-dips-more-than-broader-markets%3A-what-you-should-know-7
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American Airlines (AAL) closed the most recent trading day at $12.32, moving -1.68% from the previous trading session. This change lagged the S&P 500's 1.2% loss on the day. Elsewhere, the Dow lost 1.1%, while the tech-heavy Nasdaq lost 2.86%.
Coming into today, shares of the world's largest airline had lost 11.39% in the past month. In that same time, the Transportation sector lost 3.21%, while the S&P 500 lost 4.77%.
American Airlines will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.57, up 140.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.72 billion, up 34.9% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.18 per share and revenue of $48.49 billion. These totals would mark changes of +97.85% and +62.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for American Airlines. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate has moved 5.2% higher within the past month. American Airlines is currently a Zacks Rank #2 (Buy).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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
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 most recent trading day at $12.32, moving -1.68% from the previous trading session. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.18 per share and revenue of $48.49 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. American Airlines (AAL) closed the most recent trading day at $12.32, moving -1.68% from the previous trading session. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.18 per share and revenue of $48.49 billion.
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American Airlines (AAL) closed the most recent trading day at $12.32, moving -1.68% from the previous trading session. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.18 per share and revenue of $48.49 billion.
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American Airlines (AAL) closed the most recent trading day at $12.32, moving -1.68% from the previous trading session. 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 Zacks Consensus EPS estimate has moved 5.2% higher within the past month.
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3051.0
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2022-12-28 00:00:00 UTC
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Anglo American evaluates shipment plans after Chile port closes
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https://www.nasdaq.com/articles/anglo-american-evaluates-shipment-plans-after-chile-port-closes
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Refiles to add Codelco to the headline
SANTIAGO, Dec 28 (Reuters) - Anglo American PLC AAL.L and Chile's Codelco said on Wednesday they are evaluating alternative copper shipment plans after a fire forced a major port in central Chile to close last week.
The fire in the Ventanas port, about 115 kilometers (71.5 miles) northwest of Santiago, left a huge cloud of smoke in the area, but did not spread to nearby facilities, including AES, an electricity company, or Codelco, the world's largest copper producer.
In a statement to Reuters, Anglo American said the fire did not affect its warehouses or infrastructure but that "authorities have completely closed the port" while the incident is investigated.
"The company is evaluating courses of action and at the same time contacting its clients to keep them informed of the status of the situation," the statement said.
The company did not specify the copper volumes that could be affected. Chile is the world's top copper producer.
Codelco said its operations had not been impacted by the fire, but added that "the company is in advanced talks with ports in the Valparaiso region and other nearby areas to continue its shipments and thus fulfill its commercial commitments."
(Reporting by Fabian Andrés Cambero; Editing by Barbara Lewis and Matthew Lewis)
((fabian.cambero@thomsonreuters.com; Twitter: @fab_reuters; +569 62479675;))
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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Refiles to add Codelco to the headline SANTIAGO, Dec 28 (Reuters) - Anglo American PLC AAL.L and Chile's Codelco said on Wednesday they are evaluating alternative copper shipment plans after a fire forced a major port in central Chile to close last week. The fire in the Ventanas port, about 115 kilometers (71.5 miles) northwest of Santiago, left a huge cloud of smoke in the area, but did not spread to nearby facilities, including AES, an electricity company, or Codelco, the world's largest copper producer. In a statement to Reuters, Anglo American said the fire did not affect its warehouses or infrastructure but that "authorities have completely closed the port" while the incident is investigated.
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Refiles to add Codelco to the headline SANTIAGO, Dec 28 (Reuters) - Anglo American PLC AAL.L and Chile's Codelco said on Wednesday they are evaluating alternative copper shipment plans after a fire forced a major port in central Chile to close last week. The fire in the Ventanas port, about 115 kilometers (71.5 miles) northwest of Santiago, left a huge cloud of smoke in the area, but did not spread to nearby facilities, including AES, an electricity company, or Codelco, the world's largest copper producer. In a statement to Reuters, Anglo American said the fire did not affect its warehouses or infrastructure but that "authorities have completely closed the port" while the incident is investigated.
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Refiles to add Codelco to the headline SANTIAGO, Dec 28 (Reuters) - Anglo American PLC AAL.L and Chile's Codelco said on Wednesday they are evaluating alternative copper shipment plans after a fire forced a major port in central Chile to close last week. The fire in the Ventanas port, about 115 kilometers (71.5 miles) northwest of Santiago, left a huge cloud of smoke in the area, but did not spread to nearby facilities, including AES, an electricity company, or Codelco, the world's largest copper producer. Codelco said its operations had not been impacted by the fire, but added that "the company is in advanced talks with ports in the Valparaiso region and other nearby areas to continue its shipments and thus fulfill its commercial commitments."
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Refiles to add Codelco to the headline SANTIAGO, Dec 28 (Reuters) - Anglo American PLC AAL.L and Chile's Codelco said on Wednesday they are evaluating alternative copper shipment plans after a fire forced a major port in central Chile to close last week. The fire in the Ventanas port, about 115 kilometers (71.5 miles) northwest of Santiago, left a huge cloud of smoke in the area, but did not spread to nearby facilities, including AES, an electricity company, or Codelco, the world's largest copper producer. In a statement to Reuters, Anglo American said the fire did not affect its warehouses or infrastructure but that "authorities have completely closed the port" while the incident is investigated.
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3052.0
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2022-12-27 00:00:00 UTC
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ANALYSIS-Dealmakers grapple with unprecedented U.S. challenge to mergers
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https://www.nasdaq.com/articles/analysis-dealmakers-grapple-with-unprecedented-u.s.-challenge-to-mergers-0
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By Anirban Sen and Diane Bartz
NEW YORK/WASHINGTON, Dec 27 (Reuters) - Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under U.S. President Joe Biden - antitrust watchdogs who are undaunted when they lose such battles in court.
The U.S. Justice Department and Federal Trade Commission (FTC) have attempted to thwart 22 mergers since Biden came into office in January 2021, according to a Reuters review of announcements from the agencies.
That outnumbers the antitrust challenges during the first two years of former President Barack Obama's first term in office and is twice as many as in Donald Trump's first two years, the Reuters analysis shows.
While comprehensive data going back decades is unavailable, Joel Grosberg, an antitrust lawyer at McDermott, Will & Emery LLP, said more mergers are entangled in U.S. antitrust litigation now than at any point in his 25-year career.
"It's a combination of the FTC and (Justice Department) being willing to litigate and the fact that companies are fighting back," Grosberg said.
The DOJ and the FTC managed to stop 15 out of the 22 deals, many without a court fight as companies gave up and walked away from their agreement. More recently, they have lost four attempts to block mergers in court, though they are appealing two of the cases.
These losses have not soured regulators' appetite for challenging mergers. Biden's appointees - FTC Chair Lina Khan and DoJ antitrust chief Jonathan Kanter - are pressing on, arguing that corporate consolidation has gone too far, harming consumers and workers at a time of rampant inflation.
"Without question, what is clear about this team compared to their predecessors is that they are not haunted by the possibility that they might lose these cases," said former FTC chair and George Washington University Law School antitrust professor William Kovacic.
Kanter told U.S. lawmakers in September his department would not "back down from bringing meritorious cases." In a letter in August, Khan told Senator Elizabeth Warren she believed asset sales to remedy competition issues with mergers frequently fell short.
In response to a request for comment, an FTC spokesperson referred Reuters to recent comments that Khan made in her congressional testimony in September about the effects of past consolidation and the need for stronger enforcement.
The Justice Department declined to comment further, referring Reuters to recent public comments from Kanter on the subject.
The biggest deal currently at stake is Microsoft Corp's MSFT.O $69 billion bid for "Call of Duty" maker Activision Blizzard Inc ATVI.O. The FTC has sued to stop it, arguing it would allow Microsoft's Xbox to get exclusive access to Activision games and put it in a position to dominate the gaming market. Microsoft is fighting back and last week told a judge the deal would benefit gamers and gaming companies alike.
Cary Kochman, global co-head of M&A at Citigroup C.N, said deals are taking longer to be approved, forcing companies to "dribble the ball" and "delay engagement on potential transactions" until the regulatory landscape becomes clearer." Citigroup was not an advisor on the Microsoft-Activision deal.
BRACING FOR BATTLE
Bankers and lawyers are advising merger partners to prepare for long battles with regulators. They are pushing for contracts with more time to complete a deal, to account for the possibility of antitrust lawsuits.
"As you're negotiating things like interim operating covenants that govern what you can and cannot do between signing and closing, you should view them through the lens of having to live with them for 12 to 18 months in some cases," said Melissa Sawyer, global head of the M&A group at law firm Sullivan & Cromwell.
Break-up fees that acquirers agree to pay their targets if their deal gets shot down by antitrust regulators are also on the rise. This year's U.S. total of $22.6 billion accounts for 4.6% of deal value, according to Refinitiv, the highest level since the first eight months of 2013, when dealmakers worried about Obama's antitrust crackdown.
Many companies facing merger challenges say they will fight on, emboldened by the four court losses of the Justice Department and FTC. These include lawsuits to thwart health insurer UnitedHealth Group Inc's UNH.N $8 billion bid to buy health-technology firm Change Healthcare and life sciences company Illumina Inc 's ILMN.O $7.1 billion acquisition of cancer test developer Grail.
"For the vast majority of deals, when we assess them from an antitrust perspective, we as advisors believe those deals can get done," said Edward Lee, corporate partner at law firm Kirkland & Ellis.
(Reporting by Anirban Sen in New York and Diane Bartz in Washington DC Editing by Greg Roumeliotis and Richard Chang)
((Anirban.Sen@thomsonreuters.com; Twitter: @asenjourno; Reuters Messaging: Signal/Telegram/Whatsapp - +1-646-705-9409))
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 Anirban Sen and Diane Bartz NEW YORK/WASHINGTON, Dec 27 (Reuters) - Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under U.S. President Joe Biden - antitrust watchdogs who are undaunted when they lose such battles in court. Biden's appointees - FTC Chair Lina Khan and DoJ antitrust chief Jonathan Kanter - are pressing on, arguing that corporate consolidation has gone too far, harming consumers and workers at a time of rampant inflation. "As you're negotiating things like interim operating covenants that govern what you can and cannot do between signing and closing, you should view them through the lens of having to live with them for 12 to 18 months in some cases," said Melissa Sawyer, global head of the M&A group at law firm Sullivan & Cromwell.
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By Anirban Sen and Diane Bartz NEW YORK/WASHINGTON, Dec 27 (Reuters) - Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under U.S. President Joe Biden - antitrust watchdogs who are undaunted when they lose such battles in court. Biden's appointees - FTC Chair Lina Khan and DoJ antitrust chief Jonathan Kanter - are pressing on, arguing that corporate consolidation has gone too far, harming consumers and workers at a time of rampant inflation. The Justice Department declined to comment further, referring Reuters to recent public comments from Kanter on the subject.
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By Anirban Sen and Diane Bartz NEW YORK/WASHINGTON, Dec 27 (Reuters) - Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under U.S. President Joe Biden - antitrust watchdogs who are undaunted when they lose such battles in court. Many companies facing merger challenges say they will fight on, emboldened by the four court losses of the Justice Department and FTC. "For the vast majority of deals, when we assess them from an antitrust perspective, we as advisors believe those deals can get done," said Edward Lee, corporate partner at law firm Kirkland & Ellis.
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By Anirban Sen and Diane Bartz NEW YORK/WASHINGTON, Dec 27 (Reuters) - Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under U.S. President Joe Biden - antitrust watchdogs who are undaunted when they lose such battles in court. "It's a combination of the FTC and (Justice Department) being willing to litigate and the fact that companies are fighting back," Grosberg said. Many companies facing merger challenges say they will fight on, emboldened by the four court losses of the Justice Department and FTC.
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2022-12-27 00:00:00 UTC
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Southwest Stock Falls: Has the Once-Loved Airline Lost Its Edge?
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https://www.nasdaq.com/articles/southwest-stock-falls%3A-has-the-once-loved-airline-lost-its-edge
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Historically, Southwest Airlines (NYSE: LUV) has been one of the most successful airlines in the history of the industry. Unlike most of its major rivals, the company has never gone through bankruptcy proceedings, working its way through the most difficult of circumstances to stand out from its peers.
One thing that has worked in Southwest's favor is its scrappy attitude and commitment to customer service. The company has shied away from trends that major carriers like Delta Air Lines (NYSE: DAL), American Airlines Holdings (NASDAQ: AAL), and United Airlines Holdings (NASDAQ: UAL) have followed, with Southwest choosing not to impose checked baggage fees on all customer luggage and maintaining its open-seating policy. Those customer-friendly moves have kept Southwest shareholders happy, even when they've meant potentially leaving some money on the table for the airline stock.
Now, however, Southwest is facing a massive customer service challenge. With federal regulators coming into the picture, Southwest will need to work hard to demonstrate to its customers and its shareholders that it hasn't lost the competitive edge that has served it so well throughout its 55-year history.
Stormy times for Southwest
Shares of Southwest Airlines were down more than 5% at the start of regular trading on Tuesday morning. The airline's shareholders reacted negatively to ongoing developments that threaten to leave a huge group of customers scrambling to reach their destinations during the key holiday travel season.
Winter storms late last week wrought havoc on the airline industry, leading to massive disruptions. However, the impact on Southwest was particularly severe and noteworthy. After having canceled nearly half of its flights on Sunday, the airline followed up with nearly 2,900 cancellations on Monday. That was roughly 70% of its entire flight schedule, and by late Monday, Southwest had already canceled about 60% of its scheduled flights for today (Tuesday) and another 2,300 flights for Wednesday as well.
Southwest certainly wasn't alone in facing the immediate challenges that the winter storm caused as it brought freezing temperatures, harsh winds, and heavy snowfall to some key airports across the nation. However, some operational challenges appear to be responsible for why Southwest hasn't been able to get things back up and running as quickly as its rivals, despite serving many of the same markets from some of the same hub cities.
Why this could be a Southwest problem
Southwest acknowledged in a press release late Monday that the impacts on its customers and employees have been unacceptable. It explained that the sheer number of schedule changes pushed its operational tools beyond their capacity. As a result, the airline chose to fly only about a third of its scheduled flights over the next several days, putting safety first in its recovery efforts.
Some industry watchers saw Southwest's comments from a technological perspective, pointing out that some of the systems Southwest uses haven't seemed up to the task. Reports suggested that the airline had trouble coordinating availability of aircraft, pilots, flight attendants, and ground crews where they needed to be in order to recover successfully from the storm's effects. As a result, problems could potentially last beyond New Year's Day into 2023.
To be clear, other airlines had numerous cancellations as well. However, efforts from Delta, American, and United to get personnel where they needed seem to have helped them recover more quickly than Southwest.
Watch Southwest in 2023
At this point, Southwest will have to satisfy investigators at the U.S. Department of Transportation that its treatment of dislocated customers is consistent with federal requirements. That will specifically raise questions about how much of the problem was weather-related and how much was within Southwest's control.
Regardless of what regulators find, though, Southwest simply has to do whatever it takes to restore travelers' confidence after their terrible experience. If it can't distinguish itself through outstanding service in response to its past failure, then Southwest risks losing the reputation it has built up over more than half a century.
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Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends Delta Air Lines and Southwest Airlines. The Motley Fool has a disclosure policy.
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 company has shied away from trends that major carriers like Delta Air Lines (NYSE: DAL), American Airlines Holdings (NASDAQ: AAL), and United Airlines Holdings (NASDAQ: UAL) have followed, with Southwest choosing not to impose checked baggage fees on all customer luggage and maintaining its open-seating policy. The airline's shareholders reacted negatively to ongoing developments that threaten to leave a huge group of customers scrambling to reach their destinations during the key holiday travel season. Southwest certainly wasn't alone in facing the immediate challenges that the winter storm caused as it brought freezing temperatures, harsh winds, and heavy snowfall to some key airports across the nation.
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The company has shied away from trends that major carriers like Delta Air Lines (NYSE: DAL), American Airlines Holdings (NASDAQ: AAL), and United Airlines Holdings (NASDAQ: UAL) have followed, with Southwest choosing not to impose checked baggage fees on all customer luggage and maintaining its open-seating policy. That was roughly 70% of its entire flight schedule, and by late Monday, Southwest had already canceled about 60% of its scheduled flights for today (Tuesday) and another 2,300 flights for Wednesday as well. The Motley Fool recommends Delta Air Lines and Southwest Airlines.
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The company has shied away from trends that major carriers like Delta Air Lines (NYSE: DAL), American Airlines Holdings (NASDAQ: AAL), and United Airlines Holdings (NASDAQ: UAL) have followed, with Southwest choosing not to impose checked baggage fees on all customer luggage and maintaining its open-seating policy. Stormy times for Southwest Shares of Southwest Airlines were down more than 5% at the start of regular trading on Tuesday morning. Why this could be a Southwest problem Southwest acknowledged in a press release late Monday that the impacts on its customers and employees have been unacceptable.
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The company has shied away from trends that major carriers like Delta Air Lines (NYSE: DAL), American Airlines Holdings (NASDAQ: AAL), and United Airlines Holdings (NASDAQ: UAL) have followed, with Southwest choosing not to impose checked baggage fees on all customer luggage and maintaining its open-seating policy. Now, however, Southwest is facing a massive customer service challenge. That was roughly 70% of its entire flight schedule, and by late Monday, Southwest had already canceled about 60% of its scheduled flights for today (Tuesday) and another 2,300 flights for Wednesday as well.
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2022-12-27 00:00:00 UTC
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Southwest cancels thousands more U.S. flights as weather stays bitter
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https://www.nasdaq.com/articles/southwest-cancels-thousands-more-u.s.-flights-as-weather-stays-bitter-0
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Updates with shares, flight numbers, shares of other airlines, graphic
Dec 27 (Reuters) - Southwest Airlines Co LUV.N led U.S. airline cancellations on Tuesday as the low-cost carrier struggled to recover from harsh winter weather that has wrecked holiday plans for many.
Shares of the Dallas-based airline were down 5.3% at $34.19 in morning trade, after it canceled 2,523 flights for Tuesday as of 9.42 am ET. That was 30 times higher than Spirit Airlines SAVE.N, the carrier with the next most number of cancellations.
Delta Air Lines Inc DAL.N and American Airlines Group Inc's AAL.O shares were also down about 1%.
Southwest has also scrapped 2,474 flights for Wednesday, compared with just seven for Frontier Airlines and five for Delta, according to tracking website FlightAware.
An arctic blast and a massive winter storm dubbed Elliott swept over much of the United States in the lead-up to the Christmas holiday weekend, forcing Southwest to scrap more than 12,000 flights since Friday.
Southwest earns most of its profits from flying domestically and unlike other large U.S. carriers, it relies more on point-to-point service instead of operating out of large hubs. That leaves its staff vulnerable to being stranded in case of disruptions.
"We expect Southwest to call out the impact (from the storm) as it was worse than the industry and likely hurt earnings more than a 'normal' storm," Cowen analyst Helane Becker said in a note.
"The other airlines likely had manageable cancellations and delays, and actually appear to have recovered (in time to get everyone home)."
Southwest said on Monday it had decided to continue operating a reduced schedule by flying roughly one third of its planned flights "for the next several days." It declined further comment on Tuesday.
Its troubles have invited scrutiny from the U.S. Transportation Department, which has said it would examine the widespread disruptions to determine if they were in the airline's control, branding them "unacceptable."
In total, U.S. airlines have canceled more than 5,000 flights for Tuesday and Wednesday, as of Tuesday morning.
Southwest's cancellation troubles Southwest's cancellation troubleshttps://tmsnrt.rs/3viNJvH
Southwest's cancellation troubles Southwest cancellation troubleshttps://tmsnrt.rs/3vjadN3
(Reporting by Kannaki Deka and Abhijith Ganapavaram and additional reporting by Aishwarya Nair in Bengaluru; Editing by Devika Syamnath)
((Kannaki.Deka@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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Delta Air Lines Inc DAL.N and American Airlines Group Inc's AAL.O shares were also down about 1%. An arctic blast and a massive winter storm dubbed Elliott swept over much of the United States in the lead-up to the Christmas holiday weekend, forcing Southwest to scrap more than 12,000 flights since Friday. Southwest said on Monday it had decided to continue operating a reduced schedule by flying roughly one third of its planned flights "for the next several days."
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Delta Air Lines Inc DAL.N and American Airlines Group Inc's AAL.O shares were also down about 1%. Updates with shares, flight numbers, shares of other airlines, graphic Dec 27 (Reuters) - Southwest Airlines Co LUV.N led U.S. airline cancellations on Tuesday as the low-cost carrier struggled to recover from harsh winter weather that has wrecked holiday plans for many. In total, U.S. airlines have canceled more than 5,000 flights for Tuesday and Wednesday, as of Tuesday morning.
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Delta Air Lines Inc DAL.N and American Airlines Group Inc's AAL.O shares were also down about 1%. Updates with shares, flight numbers, shares of other airlines, graphic Dec 27 (Reuters) - Southwest Airlines Co LUV.N led U.S. airline cancellations on Tuesday as the low-cost carrier struggled to recover from harsh winter weather that has wrecked holiday plans for many. In total, U.S. airlines have canceled more than 5,000 flights for Tuesday and Wednesday, as of Tuesday morning.
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Delta Air Lines Inc DAL.N and American Airlines Group Inc's AAL.O shares were also down about 1%. Updates with shares, flight numbers, shares of other airlines, graphic Dec 27 (Reuters) - Southwest Airlines Co LUV.N led U.S. airline cancellations on Tuesday as the low-cost carrier struggled to recover from harsh winter weather that has wrecked holiday plans for many. Shares of the Dallas-based airline were down 5.3% at $34.19 in morning trade, after it canceled 2,523 flights for Tuesday as of 9.42 am ET.
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3055.0
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2022-12-27 00:00:00 UTC
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Southwest cancels thousands more U.S. flights as weather stays bitter
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https://www.nasdaq.com/articles/southwest-cancels-thousands-more-u.s.-flights-as-weather-stays-bitter
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Dec 27 (Reuters) - Southwest Airlines Co LUV.N led U.S. airline cancellations on Tuesday as the low-cost carrier struggled to recover from harsh winter weather that has wrecked holiday plans for many.
Shares of the Dallas-based airline were down 3.4% at $34.90 before the bell, after it canceled 2,503 flights as of Tuesday 5.50 am ET and another 2,474 for Wednesday, according to tracking website FlightAware.
An arctic blast and a massive winter storm dubbed Elliott swept over much of the United States in the lead-up to the Christmas holiday weekend, forcing Southwest to scrap more than 12,000 flights since Friday. Other airlines have also called off flights, though on a much smaller scale.
Southwest earns most of its profits from flying domestically and unlike other large U.S. carriers, it relies more on point-to-point service instead of operating out of large hubs. That leaves its staff vulnerable to being stranded in case of disruptions.
"We expect Southwest to call out the impact (from the storm) as it was worse than the industry and likely hurt earnings more than a 'normal' storm," Cowen analyst Helane Becker said in a note.
"The other airlines likely had manageable cancellations and delays, and actually appear to have recovered (in time to get everyone home)."
Southwest said on Monday it had decided to continue operating a reduced schedule by flying roughly one third of its schedule "for the next several days."
Its troubles have invited scrutiny from the U.S. Transportation Department, which late on Monday said it would examine the large number of canceled and delayed flights in recent days to determine if they were in the airline's control, branding them "unacceptable."
In total, U.S. airlines have canceled more than 5,000 flights for Tuesday and Wednesday, as of Tuesday morning.
(Reporting by Kannaki Deka and Abhijith Ganapavaram in Bengaluru; Editing by Devika Syamnath)
((Kannaki.Deka@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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Shares of the Dallas-based airline were down 3.4% at $34.90 before the bell, after it canceled 2,503 flights as of Tuesday 5.50 am ET and another 2,474 for Wednesday, according to tracking website FlightAware. An arctic blast and a massive winter storm dubbed Elliott swept over much of the United States in the lead-up to the Christmas holiday weekend, forcing Southwest to scrap more than 12,000 flights since Friday. Its troubles have invited scrutiny from the U.S. Transportation Department, which late on Monday said it would examine the large number of canceled and delayed flights in recent days to determine if they were in the airline's control, branding them "unacceptable."
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Dec 27 (Reuters) - Southwest Airlines Co LUV.N led U.S. airline cancellations on Tuesday as the low-cost carrier struggled to recover from harsh winter weather that has wrecked holiday plans for many. Its troubles have invited scrutiny from the U.S. Transportation Department, which late on Monday said it would examine the large number of canceled and delayed flights in recent days to determine if they were in the airline's control, branding them "unacceptable." In total, U.S. airlines have canceled more than 5,000 flights for Tuesday and Wednesday, as of Tuesday morning.
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Dec 27 (Reuters) - Southwest Airlines Co LUV.N led U.S. airline cancellations on Tuesday as the low-cost carrier struggled to recover from harsh winter weather that has wrecked holiday plans for many. Its troubles have invited scrutiny from the U.S. Transportation Department, which late on Monday said it would examine the large number of canceled and delayed flights in recent days to determine if they were in the airline's control, branding them "unacceptable." In total, U.S. airlines have canceled more than 5,000 flights for Tuesday and Wednesday, as of Tuesday morning.
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Dec 27 (Reuters) - Southwest Airlines Co LUV.N led U.S. airline cancellations on Tuesday as the low-cost carrier struggled to recover from harsh winter weather that has wrecked holiday plans for many. "The other airlines likely had manageable cancellations and delays, and actually appear to have recovered (in time to get everyone home)." In total, U.S. airlines have canceled more than 5,000 flights for Tuesday and Wednesday, as of Tuesday morning.
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3056.0
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2022-12-27 00:00:00 UTC
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5 Broker-Friendly Stocks to Bank On as Volatility Persists
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AAL
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https://www.nasdaq.com/articles/5-broker-friendly-stocks-to-bank-on-as-volatility-persists
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The year 2022, which is drawing to a close, has witnessed extreme market volatility in the United States due to high inflation and the Fed’s hawkish stance to tame it. To combat the four-decade-high inflation, the Fed has raised interest rates multiple times this year. The latest rate hike to the tune of 50 basis points (bps) was in December.
Following that, the benchmark interest rate touched the highest level in 15 years (4.25-4.50). Higher interest rates shoot up the cost of borrowing, escalating the chances of an economic slowdown. What is more worrying is that the central bank now projects at least 75 bps of rate hike in 2023. The increased cost of borrowing implies that the market turmoil witnessed this year is likely to be present next year as well.
Despite the turbulence, shunning equities is a strict no-no. So, what’s the way forward to select winning stocks in this current uncertain scenario. One way is to pay heed to broker advice and take recourse to broker-friendly stocks like Cardinal Health CAH, American Airlines AAL, Boise Cascade BCC, AmerisourceBergen ABC and Centene Corporation CNC.
Here’s Why Broker Advice is to be Followed
Brokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more information on a company and its prospects than individual investors. To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations.
As brokers closely follow the stocks in their coverage and revise earnings estimates only after carefully examining the pros and cons of an event for the concerned company, the question of their action being arbitrary does not arise. In fact, a rating upgrade or downgrade by brokers has the potential to influence the price of the stock.
Naturally, when investors see brokers revising their estimates or recommendation on a stock, they often assume that there is something in the stock that has attracted analyst attention.In fact, a rating upgrade generally leads to stock price appreciation. Similarly, the price of a stock may plummet following a rating downgrade.
Estimates can move north for a number of reasons – favorable earnings performance, a bullish guidance, product launch or any favorable macro scenario.
Don’t Ignore the Top Line
According to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance, especially in an environment of revenue weakness due to macroeconomic headwinds like a strong dollar. To take care of the top line, we have considered the price/sales ratio for screening stocks.
Screening Criteria
# (Up-Down Rating)/ Total (4 weeks) =Top #75: This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks.
% change in Q (1) est. (4 weeks) = Top #10: This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
Price-to-Sales = Bot%10: The lower the ratio, the better. Companies meeting this criterion are in the bottom 10% of our universe of over 7,700 stocks.
Price greater than 5: A stock trading below $5 will not likely be of significant interest to most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days: Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000: This gives us stocks that are the top 3000 in terms of market capitalization.
Com/ADR/Canadian= Com: This takes out the ADR and Canadian stocks.
Here are five of the 10 stocks that passed the screen test:
Cardinal Health is headquartered in Dublin, OH.Cardinal Health’s diversified product portfolio bodes well. CAH’s pharmaceutical segment is anticipated to drive growth.
Over the past 60 days, the CAH stock has seen the Zacks Consensus Estimate for 2022 and 2023 earnings being revised 1.92% and 1.34% upward, respectively. CAH currently carries a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Airlines is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are hurting the bottom line.
Over the past 60 days, the AAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 5.1% upward. AAL currently carries a Zacks Rank #3 (Hold).
Boise Cascade manufactures wood products and distributes building materials. BCC currently carries a Zacks Rank of 3 and operates primarily in the United States and Canada.
Earlier in the year, management increased BCC’s quarterly dividend payout by 25% to 15 cents per share. This reflects BCC’s financial strength. Dividend-paying stocks are highly sought after, especially in the current uncertain times. The Zacks Consensus Estimate for current-quarter earnings has improved 22.2% over the past 60 days.
Chesterbrook, PA-based AmerisourceBergen is one of the world’s largest pharmaceutical services companies. ABC is likely to benefit from generics growth and new product launches.
AmerisourceBergen has an impressive history with respect to earnings surprise. ABC surpassed the Zacks Consensus Estimate in three of the last four quarters. The average beat is 2.51%. ABC currently carries a Zacks Rank #3.
Centene is a well-diversified, multi-national healthcare company that primarily provides a set of services to the government sponsored healthcare programs. Centene’s top line has witnessed consistent growth since 2002. CNC boasts an impressive inorganic growth strategy for expanding its markets.
Centene has an impressive history with respect to earnings surprise. CNC surpassed the Zacks Consensus Estimate in each of the last four quarters. The average beat is 5.22%. CNC currently carries a Zacks Rank #3.
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 backtest 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.
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 +24.8% 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
Cardinal Health, Inc. (CAH) : Free Stock Analysis Report
AmerisourceBergen Corporation (ABC) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Centene Corporation (CNC) : Free Stock Analysis Report
Boise Cascade, L.L.C. (BCC) : 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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One way is to pay heed to broker advice and take recourse to broker-friendly stocks like Cardinal Health CAH, American Airlines AAL, Boise Cascade BCC, AmerisourceBergen ABC and Centene Corporation CNC. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the AAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 5.1% upward.
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One way is to pay heed to broker advice and take recourse to broker-friendly stocks like Cardinal Health CAH, American Airlines AAL, Boise Cascade BCC, AmerisourceBergen ABC and Centene Corporation CNC. Click to get this free report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report AmerisourceBergen Corporation (ABC) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Centene Corporation (CNC) : Free Stock Analysis Report Boise Cascade, L.L.C. 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 AmerisourceBergen Corporation (ABC) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Centene Corporation (CNC) : Free Stock Analysis Report Boise Cascade, L.L.C. One way is to pay heed to broker advice and take recourse to broker-friendly stocks like Cardinal Health CAH, American Airlines AAL, Boise Cascade BCC, AmerisourceBergen ABC and Centene Corporation CNC. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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One way is to pay heed to broker advice and take recourse to broker-friendly stocks like Cardinal Health CAH, American Airlines AAL, Boise Cascade BCC, AmerisourceBergen ABC and Centene Corporation CNC. AAL currently carries a Zacks Rank #3 (Hold). The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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3057.0
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2022-12-27 00:00:00 UTC
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American Airlines Stock Has Struggled To Outperform The S&P- Here's Why
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AAL
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https://www.nasdaq.com/articles/american-airlines-stock-has-struggled-to-outperform-the-sp-heres-why
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nan
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nan
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American Airlines Group Inc (NASDAQ: AAL) stock price lost almost 60% from $32 in 2018 end to around $13 currently, primarily due to unfavorable changes in its P/S multiple. During this period, the company’s sales have risen just around 2%, and there was a strong 32% rise in the outstanding share count. Additionally, over the same period, the S&P 500 returned around 55%, meaning that American Airlines stock has strongly underperformed the index since 2018-end.
In our interactive dashboard, Why American Airlines Stock Moved: AAL Stock Has Lost 59% Since 2018, we break down the factors behind this move.
(A) AAL’s Total Revenue has risen marginally from $44.5 billion in FY 2018 to $45.2 billion on an LTM basis
AAL’s total revenue initially rose from $44.5 billion in FY 2018 to $45.8 billion in FY 2019, but dropped sharply to $17.3 billion in FY 2020.
Revenues have strongly recovered since, jumping to $29.9 billion in FY ’21, and now stand much higher at $45.2 billion on an LTM basis, slightly higher than its FY ’18 level.
One of the major airlines of the United States, around 87% of American Airlines’ sales came from the Passenger segment as of FY ’21, standing at around $26.1 billion.
Cargo and Other sales brought in the remaining 13% of sales in FY ’21.
For additional details about AAL’s revenues and comparison to peers, see American Airlines Group (AAL) Revenue Comparison
(B) Revenue per share (RPS) decreased 23% from $90.07 in FY 2018 to $69.27 currently
AAL’s revenue rose from $44.5 billion in FY 2018 to $45.2 billion currently, while the outstanding share count rose from 494.5 million in 2018 to 652.7 million currently.
Due to this, RPS has dropped from $90.07 in FY ’18 to $69.27 currently.
(C) Price-To-Sales (P/S) multiple for AAL hovered around 0.4x between 2018 and 2021 end, but has dropped sharply to 0.2x currently
AAL’s P/S multiple stood at around 0.4x by late 2021, but due to the current geopolitical tensions and increased economic uncertainty weighing on the broader markets, the P/S multiple has pulled back, currently standing at around 0.2x.
For additional details about the company stock returns, and comparison to peers, see American Airlines (AAL) Stock Return Comparison.
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
Returns Dec 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
AAL Return -9% -27% -72%
S&P 500 Return -5% -18% 74%
Trefis Multi-Strategy Portfolio -5% -22% 215%
[1] Month-to-date and year-to-date as of 12/21/2022
[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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American Airlines Group Inc (NASDAQ: AAL) stock price lost almost 60% from $32 in 2018 end to around $13 currently, primarily due to unfavorable changes in its P/S multiple. In our interactive dashboard, Why American Airlines Stock Moved: AAL Stock Has Lost 59% Since 2018, we break down the factors behind this move. (A) AAL’s Total Revenue has risen marginally from $44.5 billion in FY 2018 to $45.2 billion on an LTM basis AAL’s total revenue initially rose from $44.5 billion in FY 2018 to $45.8 billion in FY 2019, but dropped sharply to $17.3 billion in FY 2020.
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(A) AAL’s Total Revenue has risen marginally from $44.5 billion in FY 2018 to $45.2 billion on an LTM basis AAL’s total revenue initially rose from $44.5 billion in FY 2018 to $45.8 billion in FY 2019, but dropped sharply to $17.3 billion in FY 2020. For additional details about AAL’s revenues and comparison to peers, see American Airlines Group (AAL) Revenue Comparison (B) Revenue per share (RPS) decreased 23% from $90.07 in FY 2018 to $69.27 currently AAL’s revenue rose from $44.5 billion in FY 2018 to $45.2 billion currently, while the outstanding share count rose from 494.5 million in 2018 to 652.7 million currently. For additional details about the company stock returns, and comparison to peers, see American Airlines (AAL) Stock Return Comparison.
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(A) AAL’s Total Revenue has risen marginally from $44.5 billion in FY 2018 to $45.2 billion on an LTM basis AAL’s total revenue initially rose from $44.5 billion in FY 2018 to $45.8 billion in FY 2019, but dropped sharply to $17.3 billion in FY 2020. For additional details about AAL’s revenues and comparison to peers, see American Airlines Group (AAL) Revenue Comparison (B) Revenue per share (RPS) decreased 23% from $90.07 in FY 2018 to $69.27 currently AAL’s revenue rose from $44.5 billion in FY 2018 to $45.2 billion currently, while the outstanding share count rose from 494.5 million in 2018 to 652.7 million currently. Total [2] AAL Return -9% -27% -72% S&P 500 Return -5% -18% 74% Trefis Multi-Strategy Portfolio -5% -22% 215% [1] Month-to-date and year-to-date as of 12/21/2022 [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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American Airlines Group Inc (NASDAQ: AAL) stock price lost almost 60% from $32 in 2018 end to around $13 currently, primarily due to unfavorable changes in its P/S multiple. For additional details about AAL’s revenues and comparison to peers, see American Airlines Group (AAL) Revenue Comparison (B) Revenue per share (RPS) decreased 23% from $90.07 in FY 2018 to $69.27 currently AAL’s revenue rose from $44.5 billion in FY 2018 to $45.2 billion currently, while the outstanding share count rose from 494.5 million in 2018 to 652.7 million currently. Total [2] AAL Return -9% -27% -72% S&P 500 Return -5% -18% 74% Trefis Multi-Strategy Portfolio -5% -22% 215% [1] Month-to-date and year-to-date as of 12/21/2022 [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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3058.0
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2022-12-27 00:00:00 UTC
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ANALYSIS-Dealmakers grapple with unprecedented U.S. challenge to mergers
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AAL
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https://www.nasdaq.com/articles/analysis-dealmakers-grapple-with-unprecedented-u.s.-challenge-to-mergers
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nan
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By Anirban Sen and Diane Bartz
NEW YORK/WASHINGTON, Dec 27 (Reuters) - Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under U.S. President Joe Biden - antitrust watchdogs who are undaunted when they lose such battles in court.
The U.S. Justice Department and Federal Trade Commission (FTC) have attempted to thwart 22 mergers since Biden came into office in January 2021, according to a Reuters review of announcements from the agencies.
That outnumbers the antitrust challenges during the first two years of former President Barack Obama's first term in office and is twice as many as in Donald Trump's first two years, the Reuters analysis shows.
While comprehensive data going back decades is unavailable, Joel Grosberg, an antitrust lawyer at McDermott, Will & Emery LLP, said more mergers are entangled in U.S. antitrust litigation now than at any point in his 25-year career.
"It's a combination of the FTC and (Justice Department) being willing to litigate and the fact that companies are fighting back," Grosberg said.
The regulators managed to stop 15 out of the 22 deals, many without a court fight as companies gave up and walked away from their agreement. More recently, they have lost four attempts to block mergers in court, though they are appealing two of the cases.
These losses have not soured regulators' appetite for challenging mergers. Biden's appointees - FTC Chair Lina Khan and DoJ antitrust chief Jonathan Kanter - are pressing on, arguing that corporate consolidation has gone too far, harming consumers and workers at a time of rampant inflation.
"Without question, what is clear about this team compared to their predecessors is that they are not haunted by the possibility that they might lose these cases," said former FTC chair and George Washington University Law School antitrust professor William Kovacic.
Kanter told U.S. lawmakers in September his department would not "back down from bringing meritorious cases." In a letter in August, Khan told Senator Elizabeth Warren she believed asset sales to remedy competition issues with mergers frequently fell short.
In response to a request for comment, an FTC spokesperson referred Reuters to recent comments that Khan made in her congressional testimony in September about the effects of past consolidation and the need for stronger enforcement.
The Justice Department did not immediately respond to requests for comment.
The biggest deal currently at stake is Microsoft Corp's MSFT.O $69 billion bid for "Call of Duty" maker Activision Blizzard Inc ATVI.O. The FTC has sued to stop it, arguing it would allow Microsoft's Xbox to get exclusive access to Activision games and put it in a position to dominate the gaming market. Microsoft is fighting back and last week told a judge the deal would benefit gamers and gaming companies alike.
Cary Kochman, global co-head of M&A at Citigroup C.N, said deals are taking longer to be approved, forcing companies to "dribble the ball" and "delay engagement on potential transactions" until the regulatory landscape becomes clearer." Citigroup was not an advisor on the Microsoft-Activision deal.
BRACING FOR BATTLE
Bankers and lawyers are advising merger partners to prepare for long battles with regulators. They are pushing for contracts with more time to complete a deal, to account for the possibility of antitrust lawsuits.
"As you're negotiating things like interim operating covenants that govern what you can and cannot do between signing and closing, you should view them through the lens of having to live with them for 12 to 18 months in some cases," said Melissa Sawyer, global head of the M&A group at law firm Sullivan & Cromwell.
Break-up fees that acquirers agree to pay their targets if their deal gets shot down by antitrust regulators are also on the rise. This year's U.S. total of $22.6 billion accounts for 4.6% of deal value, according to Refinitiv, the highest level since the first eight months of 2013, when dealmakers worried about Obama's antitrust crackdown.
Many companies facing merger challenges say they will fight on, emboldened by the four court losses of the Justice Department and FTC. These include lawsuits to thwart health insurer UnitedHealth Group Inc's UNH.N $8 billion bid to buy health-technology firm Change Healthcare and life sciences company Illumina Inc 's ILMN.O $7.1 billion acquisition of cancer test developer Grail.
"For the vast majority of deals, when we assess them from an antitrust perspective, we as advisors believe those deals can get done," said Edward Lee, corporate partner at law firm Kirkland & Ellis.
(Reporting by Anirban Sen in New York and Diane Bartz in Washington DC Editing by Greg Roumeliotis and Richard Chang)
((Anirban.Sen@thomsonreuters.com; Twitter: @asenjourno; Reuters Messaging: Signal/Telegram/Whatsapp - +1-646-705-9409))
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 Anirban Sen and Diane Bartz NEW YORK/WASHINGTON, Dec 27 (Reuters) - Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under U.S. President Joe Biden - antitrust watchdogs who are undaunted when they lose such battles in court. Biden's appointees - FTC Chair Lina Khan and DoJ antitrust chief Jonathan Kanter - are pressing on, arguing that corporate consolidation has gone too far, harming consumers and workers at a time of rampant inflation. "As you're negotiating things like interim operating covenants that govern what you can and cannot do between signing and closing, you should view them through the lens of having to live with them for 12 to 18 months in some cases," said Melissa Sawyer, global head of the M&A group at law firm Sullivan & Cromwell.
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By Anirban Sen and Diane Bartz NEW YORK/WASHINGTON, Dec 27 (Reuters) - Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under U.S. President Joe Biden - antitrust watchdogs who are undaunted when they lose such battles in court. Biden's appointees - FTC Chair Lina Khan and DoJ antitrust chief Jonathan Kanter - are pressing on, arguing that corporate consolidation has gone too far, harming consumers and workers at a time of rampant inflation. In response to a request for comment, an FTC spokesperson referred Reuters to recent comments that Khan made in her congressional testimony in September about the effects of past consolidation and the need for stronger enforcement.
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By Anirban Sen and Diane Bartz NEW YORK/WASHINGTON, Dec 27 (Reuters) - Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under U.S. President Joe Biden - antitrust watchdogs who are undaunted when they lose such battles in court. Many companies facing merger challenges say they will fight on, emboldened by the four court losses of the Justice Department and FTC. "For the vast majority of deals, when we assess them from an antitrust perspective, we as advisors believe those deals can get done," said Edward Lee, corporate partner at law firm Kirkland & Ellis.
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By Anirban Sen and Diane Bartz NEW YORK/WASHINGTON, Dec 27 (Reuters) - Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under U.S. President Joe Biden - antitrust watchdogs who are undaunted when they lose such battles in court. "It's a combination of the FTC and (Justice Department) being willing to litigate and the fact that companies are fighting back," Grosberg said. Many companies facing merger challenges say they will fight on, emboldened by the four court losses of the Justice Department and FTC.
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3059.0
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2022-12-23 00:00:00 UTC
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Airlines cancel 3,900 U.S. flights Friday as winter storm snarls travel
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AAL
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https://www.nasdaq.com/articles/airlines-cancel-3900-u.s.-flights-friday-as-winter-storm-snarls-travel
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nan
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By David Shepardson
WASHINGTON, Dec 23 (Reuters) - Airlines canceled over 3,900 U.S. flights on Friday as a massive winter stormsnarled airport operations around the United States and frustrated thousands of holiday travelers.
The cancellations follow nearly 2,700 canceled flights on Thursday, according to flight tracking website FlightAware. Passenger railroad Amtrak has canceled dozens of trains through Christmas, disrupting holiday travel for thousands.
The Federal Aviation Administration (FAA) imposed ground stops or delays for de-icing at a number of U.S. airports because of winter weather. It said "severe winter weather moving across the Great Lakes into the Northeast will have a major impact" on flights, adding that "flight delays are likely from Boston to D.C. Metropolitan area airports, Seattle-Tacoma and Portland International Airports and Aspen" in Colorado.
Seattle-Tacoma International Airport had 40% of departing flights canceled as of 8:30 a.m. PT (1430 GMT). The FAA early on Friday issued a ground stop there due to snow and ice.
More than 40% of departing flights at Detroit Metro were canceled and 18% at Chicago O'Hare, which noted wind gusts of 40 to 50 mph are expected in Chicago on Friday.
Another 3,800 U.S. flights were delayed on Friday - including more than 14% of those operated by American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N.
(Reporting by David Shepardson; Editing by Josie Kao)
((David.Shepardson@thomsonreuters.com; 2028988324;))
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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Another 3,800 U.S. flights were delayed on Friday - including more than 14% of those operated by American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N. By David Shepardson WASHINGTON, Dec 23 (Reuters) - Airlines canceled over 3,900 U.S. flights on Friday as a massive winter stormsnarled airport operations around the United States and frustrated thousands of holiday travelers. Passenger railroad Amtrak has canceled dozens of trains through Christmas, disrupting holiday travel for thousands.
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Another 3,800 U.S. flights were delayed on Friday - including more than 14% of those operated by American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N. By David Shepardson WASHINGTON, Dec 23 (Reuters) - Airlines canceled over 3,900 U.S. flights on Friday as a massive winter stormsnarled airport operations around the United States and frustrated thousands of holiday travelers. The Federal Aviation Administration (FAA) imposed ground stops or delays for de-icing at a number of U.S. airports because of winter weather.
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Another 3,800 U.S. flights were delayed on Friday - including more than 14% of those operated by American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N. By David Shepardson WASHINGTON, Dec 23 (Reuters) - Airlines canceled over 3,900 U.S. flights on Friday as a massive winter stormsnarled airport operations around the United States and frustrated thousands of holiday travelers. The cancellations follow nearly 2,700 canceled flights on Thursday, according to flight tracking website FlightAware.
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Another 3,800 U.S. flights were delayed on Friday - including more than 14% of those operated by American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N. By David Shepardson WASHINGTON, Dec 23 (Reuters) - Airlines canceled over 3,900 U.S. flights on Friday as a massive winter stormsnarled airport operations around the United States and frustrated thousands of holiday travelers. The Federal Aviation Administration (FAA) imposed ground stops or delays for de-icing at a number of U.S. airports because of winter weather.
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3060.0
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2022-12-22 00:00:00 UTC
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Airlines scrap 2,200 U.S. flights as winter storm disrupts holiday travel
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AAL
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https://www.nasdaq.com/articles/airlines-scrap-2200-u.s.-flights-as-winter-storm-disrupts-holiday-travel
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By David Shepardson and Aishwarya Nair
WASHINGTON, Dec 22 (Reuters) - Airlines canceled more than 2,000 U.S. flights, disrupting holiday travel for thousands, as a powerful winter storm hit the United States.
The extreme weather coincided with the start of a holiday travel season that could be one of the busiest ever.
The Federal Aviation Administration said Thursday that the winter storm was bringing blizzard conditions to the Midwest with major travel disruptions expected in Chicago, Detroit and Minneapolis-St. Paul.
More than 1,500 U.S. flights had been canceled Thursday and another 761 flights for Friday were scrapped, according to flight tracking website FlightAware.
So far, 21% of departing flights at Chicago's O'Hare International Airport and 37% of flights at Chicago Midway were canceled Thursday.
In the seven days ending Wednesday, the Transportation Security Administration said it screened nearly 16.2 million passengers, slightly below the 16.5 million screened in the same period in 2019.
Last year's holiday period was marred by an outbreak of COVID-19 among staff that forced airlines to cancel thousands of flights.
U.S. airlines, including Delta Air Lines DAL.N, United Airlines UAL.O and American Airlines AAL.O, said earlier this week they were waiving change fees and fare differences for passengers in a range of affected areas.
American Airlines said on Wednesday it was continuing to monitor the winter storm, which is expected to affect Midwest, Northeast and East Coast airports this week, and had canceled about 80 flights as of 10 a.m. ET (1500 GMT).
Southwest Airlines LUV.N had canceled 580 flights.
(Reporting by Aishwarya Nair in Bengaluru and DAvid Shepardson in Washington; Editing by Shounak Dasgupta and Jonathan Oatis)
((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs))
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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U.S. airlines, including Delta Air Lines DAL.N, United Airlines UAL.O and American Airlines AAL.O, said earlier this week they were waiving change fees and fare differences for passengers in a range of affected areas. By David Shepardson and Aishwarya Nair WASHINGTON, Dec 22 (Reuters) - Airlines canceled more than 2,000 U.S. flights, disrupting holiday travel for thousands, as a powerful winter storm hit the United States. The Federal Aviation Administration said Thursday that the winter storm was bringing blizzard conditions to the Midwest with major travel disruptions expected in Chicago, Detroit and Minneapolis-St. Paul.
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U.S. airlines, including Delta Air Lines DAL.N, United Airlines UAL.O and American Airlines AAL.O, said earlier this week they were waiving change fees and fare differences for passengers in a range of affected areas. By David Shepardson and Aishwarya Nair WASHINGTON, Dec 22 (Reuters) - Airlines canceled more than 2,000 U.S. flights, disrupting holiday travel for thousands, as a powerful winter storm hit the United States. So far, 21% of departing flights at Chicago's O'Hare International Airport and 37% of flights at Chicago Midway were canceled Thursday.
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U.S. airlines, including Delta Air Lines DAL.N, United Airlines UAL.O and American Airlines AAL.O, said earlier this week they were waiving change fees and fare differences for passengers in a range of affected areas. By David Shepardson and Aishwarya Nair WASHINGTON, Dec 22 (Reuters) - Airlines canceled more than 2,000 U.S. flights, disrupting holiday travel for thousands, as a powerful winter storm hit the United States. More than 1,500 U.S. flights had been canceled Thursday and another 761 flights for Friday were scrapped, according to flight tracking website FlightAware.
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U.S. airlines, including Delta Air Lines DAL.N, United Airlines UAL.O and American Airlines AAL.O, said earlier this week they were waiving change fees and fare differences for passengers in a range of affected areas. By David Shepardson and Aishwarya Nair WASHINGTON, Dec 22 (Reuters) - Airlines canceled more than 2,000 U.S. flights, disrupting holiday travel for thousands, as a powerful winter storm hit the United States. The Federal Aviation Administration said Thursday that the winter storm was bringing blizzard conditions to the Midwest with major travel disruptions expected in Chicago, Detroit and Minneapolis-St. Paul.
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3061.0
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2022-12-22 00:00:00 UTC
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Airline Stock Roundup: AAL Ends Mesa Collaboration, ALGT, LUV in Focus
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-aal-ends-mesa-collaboration-algt-luv-in-focus
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In the past week, American Airlines AAL called off its long-standing association with Mesa Air Group MESA mainly due to the pilot shortage gripping U.S. airlines. Air-travel demand is, however, buoyant in the United States, following the relaxation of COVID-related restrictions. Owing to this upbeat demand scenario, Allegiant Travel Company ALGT carried 8.4% more passengers in November 2022 than the November 2019 (pre-coronavirus) actuals.
Meanwhile, Southwest Airlines LUV received encouraging tidings on the labor front when the union, International Association of Machinists and Aerospace Workers (IAM), covering its customer service employees ratified a pay-related deal.
Read the last Airline Roundup here.
Recap of the Latest Top Stories
1Mesa Air will stop flying American Airlines’ flights from Apr 3, 2023. AAL currently carries a Zacks Rank #3 (Hold). Derek Kerr, American Airlines’ CFO, stated, “As a result, we have concerns about Mesa’s ability to be a reliable partner for American going forward. American and Mesa agree the best way to address these concerns is to wind down our agreement.” Following the termination of the AAL deal, Mesa Air has decided to collaborate with United Airlines UAL. Accordingly, Mesa Air will shift its operations from AAL to UAL from March 2023.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
2. At Allegiant Air, the load factor (percentage of seats filled by passengers) increased 5.6 points to 86% in November 2022 as the traffic increase was more than the capacity expansion. However, departures declined 1.3% from the November 2019 actuals. In November 2022, Allegiant carried 8.2% more passengers (system-wide) than in November 2019. Capacity increased 6.9% from the three-year-ago comparable month’s reading.
Departures (system-wide) declined 0.7% from the November 2019 actuals. On a year-over-year basis, departures declined 9.4% and 8.1%, respectively, for scheduled service and total system.
3. Following the ratification of this five-year deal, customer service employees at LUV get an immediate 13.1% wage hike from the current levels. Moreover, they are eligible for a 25.1% general pay hike over the next four years. In addition to the pay hikes, the ratification ensures other benefits like better work-life balance, more bonuses and over-time wage improvements for part-time employees.
4. United Airlines announced that it is looking forward to restarting flights to two popular Asian destinations — Osaka and Hong Kong — from San Francisco International Airport. Both routes are expected to be operational by the beginning of 2023. These flights are the ones that got suspended during the COVID-19 pandemic. United Airlines is resuming its non-stop flight to Osaka on Jan 5, 2023. UAL plans to fly from SFO to Osaka three times every week.
Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
Image Source: Zacks Investment Research
The table above shows that most airline stocks traded in the red over the past week. The NYSE ARCA Airline Index inched down 2% to $54.21 over the past week. Over the course of the past six months, the NYSE ARCA Airline Index has declined 3.6%.
What's Next in the Airline Space?
Stay tuned for the usual updates in the space.
Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
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
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
Allegiant Travel Company (ALGT) : Free Stock Analysis Report
Mesa Air Group, Inc. (MESA) : 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 called off its long-standing association with Mesa Air Group MESA mainly due to the pilot shortage gripping U.S. airlines. AAL currently carries a Zacks Rank #3 (Hold). American and Mesa agree the best way to address these concerns is to wind down our agreement.” Following the termination of the AAL deal, Mesa Air has decided to collaborate with United Airlines UAL.
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In the past week, American Airlines AAL called off its long-standing association with Mesa Air Group MESA mainly due to the pilot shortage gripping U.S. airlines. Click to get this free 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 Allegiant Travel Company (ALGT) : Free Stock Analysis Report Mesa Air Group, Inc. (MESA) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL currently carries a Zacks Rank #3 (Hold).
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In the past week, American Airlines AAL called off its long-standing association with Mesa Air Group MESA mainly due to the pilot shortage gripping U.S. airlines. American and Mesa agree the best way to address these concerns is to wind down our agreement.” Following the termination of the AAL deal, Mesa Air has decided to collaborate with United Airlines UAL. Click to get this free 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 Allegiant Travel Company (ALGT) : Free Stock Analysis Report Mesa Air Group, Inc. (MESA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the past week, American Airlines AAL called off its long-standing association with Mesa Air Group MESA mainly due to the pilot shortage gripping U.S. airlines. AAL currently carries a Zacks Rank #3 (Hold). American and Mesa agree the best way to address these concerns is to wind down our agreement.” Following the termination of the AAL deal, Mesa Air has decided to collaborate with United Airlines UAL.
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3062.0
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2022-12-22 00:00:00 UTC
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Airlines scrap nearly 2,000 U.S. flights as winter storm disrupts holiday travel
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AAL
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https://www.nasdaq.com/articles/airlines-scrap-nearly-2000-u.s.-flights-as-winter-storm-disrupts-holiday-travel
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nan
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Dec 22 (Reuters) - Airlines canceled nearly 2,000 U.S. flights scheduled for Thursday and Friday, disrupting holiday travel for thousands, as an Arctic blast surged across a wide swath of the country ahead of a powerful winter storm.
The extreme weather coincided with the start of a holiday travel season shaping up as one of the busiest in decades.
Total cancellations within, into, or out of the United States were 1,239 as of 8 a.m. ET on Thursday, as per tracking website FlightAware, and an additional 699 flights for Friday were scrapped.
Last year's holiday period was marred by an outbreak of COVID-19 among staff that forced airlines to cancel many flights.
U.S. airlines including Delta, United Airlines and American Airlines said on Tuesday they were waiving change fees and fare differences for passengers in a range of affected areas.
American Airlines AAL.O said on Wednesday it was continuing to monitor the winter storm, which is expected to impact Midwest, Northeast and East Coast airports this week, and had canceled about 80 flights as of 8 a.m. ET.
Southwest Airlines LUV.N had canceled 459 flights.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Shounak Dasgupta)
((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs))
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 said on Wednesday it was continuing to monitor the winter storm, which is expected to impact Midwest, Northeast and East Coast airports this week, and had canceled about 80 flights as of 8 a.m. Dec 22 (Reuters) - Airlines canceled nearly 2,000 U.S. flights scheduled for Thursday and Friday, disrupting holiday travel for thousands, as an Arctic blast surged across a wide swath of the country ahead of a powerful winter storm. Last year's holiday period was marred by an outbreak of COVID-19 among staff that forced airlines to cancel many flights.
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American Airlines AAL.O said on Wednesday it was continuing to monitor the winter storm, which is expected to impact Midwest, Northeast and East Coast airports this week, and had canceled about 80 flights as of 8 a.m. Dec 22 (Reuters) - Airlines canceled nearly 2,000 U.S. flights scheduled for Thursday and Friday, disrupting holiday travel for thousands, as an Arctic blast surged across a wide swath of the country ahead of a powerful winter storm. U.S. airlines including Delta, United Airlines and American Airlines said on Tuesday they were waiving change fees and fare differences for passengers in a range of affected areas.
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American Airlines AAL.O said on Wednesday it was continuing to monitor the winter storm, which is expected to impact Midwest, Northeast and East Coast airports this week, and had canceled about 80 flights as of 8 a.m. Dec 22 (Reuters) - Airlines canceled nearly 2,000 U.S. flights scheduled for Thursday and Friday, disrupting holiday travel for thousands, as an Arctic blast surged across a wide swath of the country ahead of a powerful winter storm. U.S. airlines including Delta, United Airlines and American Airlines said on Tuesday they were waiving change fees and fare differences for passengers in a range of affected areas.
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American Airlines AAL.O said on Wednesday it was continuing to monitor the winter storm, which is expected to impact Midwest, Northeast and East Coast airports this week, and had canceled about 80 flights as of 8 a.m. Dec 22 (Reuters) - Airlines canceled nearly 2,000 U.S. flights scheduled for Thursday and Friday, disrupting holiday travel for thousands, as an Arctic blast surged across a wide swath of the country ahead of a powerful winter storm. The extreme weather coincided with the start of a holiday travel season shaping up as one of the busiest in decades.
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3063.0
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2022-12-21 00:00:00 UTC
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American Airlines (AAL) Ends Collaboration With Mesa Air
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-ends-collaboration-with-mesa-air
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nan
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American Airlines Group Inc. AAL recently announced that it is putting an end to its 30-year-long collaboration with Mesa Air Group, Inc. MESA.
Mesa Air will stop flying American Airlines’ flights from Apr 3, 2023. Also, Mesa Air is actively involved in signing a new five-year deal with United Airlines Holdings, Inc. (UAL). Accordingly, Mesa Air will shift its operations from AAL to UAL from March 2023.
With this new deal, UAL will start using Mesa Air’s existing crews. The new contract will also allow Mesa Air to open a crew base in Houston and a new pilot base in Denver, with the potential for other incremental crew bases.
Mesa Air used to operate regional flights for both United Airlines and American Airlines and had witnessed profitability even during the initial days of the pandemic when the majority of airline companies faced quarterly losses. However, Mesa Air was unfavorably impacted by the industry-wide pilot shortage issue. As a result, Mesa Air was unable to operate all of its contracted flights with American Airlines.
Derek Kerr, American Airlines’ CFO, stated, “As a result, we have concerns about Mesa’s ability to be a reliable partner for American going forward. American and Mesa agree the best way to address these concerns is to wind down our agreement.”
Mesa Air CEO Jonathan Ornstein stated, “Once finalized, our expanded agreement with United is expected to both solidify our operations and, in conjunction with our amended agreements with key stakeholders, significantly improve our financial position.”
He further added, “Most importantly, after years of reduction in service to smaller and rural communities, this agreement will help turn the tide and is expected to add over 100 regional jet flights into the United network.”
Further, Mesa Air has inked another deal with United Airlines, wherein Mesa Air pilots will be able to participate in UAL’s career development programs. This should help Mesa Air hire and retain more pilots and provide them with a better career.
We believe that the deal termination with AAL and signing a new deal with UAL should create more opportunities for Mesa Air and enhance it financially.
Zacks Rank & Stocks to Consider
Currently, both American Airlines and Mesa Air carry a Zacks Rank #3 (Hold). United Airlines presently holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A better-ranked stock from the broader Zacks Transportation sector isTeekay Tankers Ltd. (TNK),currently sporting a Zacks Rank #1.
Teekay Tankers has an expected earnings growth rate of 214.91% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved 95% over the past 90 days. Shares of TNK have soared 188.5% over the past year.
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
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report
Mesa Air Group, Inc. (MESA) : 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 Group Inc. AAL recently announced that it is putting an end to its 30-year-long collaboration with Mesa Air Group, Inc. MESA. Accordingly, Mesa Air will shift its operations from AAL to UAL from March 2023. We believe that the deal termination with AAL and signing a new deal with UAL should create more opportunities for Mesa Air and enhance it financially.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report Mesa Air Group, Inc. (MESA) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc. AAL recently announced that it is putting an end to its 30-year-long collaboration with Mesa Air Group, Inc. MESA. Accordingly, Mesa Air will shift its operations from AAL to UAL from March 2023.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report Mesa Air Group, Inc. (MESA) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc. AAL recently announced that it is putting an end to its 30-year-long collaboration with Mesa Air Group, Inc. MESA. Accordingly, Mesa Air will shift its operations from AAL to UAL from March 2023.
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American Airlines Group Inc. AAL recently announced that it is putting an end to its 30-year-long collaboration with Mesa Air Group, Inc. MESA. Accordingly, Mesa Air will shift its operations from AAL to UAL from March 2023. We believe that the deal termination with AAL and signing a new deal with UAL should create more opportunities for Mesa Air and enhance it financially.
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3064.0
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2022-12-20 00:00:00 UTC
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American Airlines (AAL) Outpaces Stock Market Gains: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-outpaces-stock-market-gains%3A-what-you-should-know-2
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nan
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American Airlines (AAL) closed at $12.53 in the latest trading session, marking a +0.4% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.1%. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq lost 0.06%.
Heading into today, shares of the world's largest airline had lost 9.89% over the past month, lagging the Transportation sector's loss of 2.09% and the S&P 500's loss of 3.6% in that time.
Investors will be hoping for strength from American Airlines as it approaches its next earnings release. The company is expected to report EPS of $0.57, up 140.14% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.72 billion, up 34.9% from the year-ago period.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. These results would represent year-over-year changes of +97.85% and +62.28%, respectively.
Investors might also notice recent changes to analyst estimates for American Airlines. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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, the Zacks Consensus EPS estimate has moved 5.2% higher. American Airlines is currently a Zacks Rank #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 82, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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
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 $12.53 in the latest trading session, marking a +0.4% move from the prior day. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. 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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AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. 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 $12.53 in the latest trading session, marking a +0.4% move from the prior day.
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American Airlines (AAL) closed at $12.53 in the latest trading session, marking a +0.4% move from the prior day. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. 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 $12.53 in the latest trading session, marking a +0.4% move from the prior day. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. 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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3065.0
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2022-12-19 00:00:00 UTC
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Regional carrier Mesa Air exploring options to raise capital after United switch
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AAL
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https://www.nasdaq.com/articles/regional-carrier-mesa-air-exploring-options-to-raise-capital-after-united-switch
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nan
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Dec 19 (Reuters) - Mesa Air Group Inc MESA.O said on Monday it was exploring options to raise money amid rising costs after the U.S. regional carrier handed its pilots bumper contracts to deter switching to other airlines.
Shares of Mesa, which said it was finalizing an agreement to operate regional flights for United Airlines UAL.O, were up about 7% before the bell.
Regional carriers run flights to places that do not attract routes from the bigger U.S. airlines. For instance, American Eagle is a network of six regional carriers operating 3,400 daily flights under a codeshare with American Airlines AAL.O.
Mesa said it was moving to United's network from next year after opting to wind down flights for American Airlines.
The company added it was finalizing a previously announced sale of remaining eight CRJ-550 jets to United, adding it also has an agreement to sell 11 surplus CRJ-900 aircraft to an unnamed third party.
"Mesa is pursuing other avenues to increase liquidity through the sale of additional surplus aircraft, spare parts and spare engines," said Arizona-based Mesa in a statement.
Reducing debt has become a priority for the airline industry that went on a borrowing binge to survive the pandemic. The industry is also facing cost pressures from fuel prices and new labor contracts.
Mesa had raised pilot salaries earlier this year by as much as 172%.
The carrier, which recently postponed the release of its fourth-quarter results scheduled for Dec. 12, had total assets of $1.32 billion as of June 30 versus total liabilities of $897.1 million.
(Reporting by Kannaki Deka in Bengaluru; Editing by Krishna Chandra Eluri)
((Kannaki.Deka@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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For instance, American Eagle is a network of six regional carriers operating 3,400 daily flights under a codeshare with American Airlines AAL.O. Dec 19 (Reuters) - Mesa Air Group Inc MESA.O said on Monday it was exploring options to raise money amid rising costs after the U.S. regional carrier handed its pilots bumper contracts to deter switching to other airlines. Shares of Mesa, which said it was finalizing an agreement to operate regional flights for United Airlines UAL.O, were up about 7% before the bell.
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For instance, American Eagle is a network of six regional carriers operating 3,400 daily flights under a codeshare with American Airlines AAL.O. Shares of Mesa, which said it was finalizing an agreement to operate regional flights for United Airlines UAL.O, were up about 7% before the bell. "Mesa is pursuing other avenues to increase liquidity through the sale of additional surplus aircraft, spare parts and spare engines," said Arizona-based Mesa in a statement.
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For instance, American Eagle is a network of six regional carriers operating 3,400 daily flights under a codeshare with American Airlines AAL.O. Dec 19 (Reuters) - Mesa Air Group Inc MESA.O said on Monday it was exploring options to raise money amid rising costs after the U.S. regional carrier handed its pilots bumper contracts to deter switching to other airlines. Shares of Mesa, which said it was finalizing an agreement to operate regional flights for United Airlines UAL.O, were up about 7% before the bell.
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For instance, American Eagle is a network of six regional carriers operating 3,400 daily flights under a codeshare with American Airlines AAL.O. Dec 19 (Reuters) - Mesa Air Group Inc MESA.O said on Monday it was exploring options to raise money amid rising costs after the U.S. regional carrier handed its pilots bumper contracts to deter switching to other airlines. Shares of Mesa, which said it was finalizing an agreement to operate regional flights for United Airlines UAL.O, were up about 7% before the bell.
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3066.0
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2022-12-16 00:00:00 UTC
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American Airlines Announces Changes To Loyalty Program
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AAL
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https://www.nasdaq.com/articles/american-airlines-announces-changes-to-loyalty-program
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nan
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nan
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(RTTNews) - American Airlines announed changes to its loyalty program, AAdvantage, starting March 2023, with new benefits and rewards before and beyond reaching status.
The carrier has introduced Loyalty Point Rewards, which members earn to unlock further benefits and choose rewards to customize their travel experience.
According to the company, members need loyalty points to achieve status and reset each program year. AAdvantage members earn miles and Loyalty Points when they fly, use an AAdvantage credit card for purchases or engage with more than 1,000 AAdvantage partners. Members can then redeem those miles to elevate their travels and reach status and rewards through Loyalty Points.
Starting in March, AAdvantage members will need to earn 40,000 loyalty points to earn Gold status, which reportedly is available for 30,000 points at present.
With the changes, members will unlock their first Loyalty Point Reward, formerly known as Loyalty Choice Rewards, after earning only 15,000 Loyalty Points and before reaching AAdvantage Gold status. These members will receive the benefit of Group 5 boarding for the membership year and the choice between two Loyalty Point Rewards, such as priority check-in, security and Group 4 boarding for one trip; and five preferred seat coupons.
American said it is removing the previous 75,000 limit on miles that a member could earn on a single ticket. Members earn miles for flights based on the ticket price and AAdvantage status.
The company noted that 75,000 loyalty points are required for Platinum status, 125,000 points for Platinum Pro, and 200,000 points for Executive Platinum status.
Also, on American and eligible partner flights, AAdvantage members will earn two miles per dollar spent on Basic Economy fares for all tickets issued on or after January 1, 2023, for travel starting March 1, 2023.
Vasu Raja, American's Chief Commercial Officer, said, "We're creating a more meaningful travel rewards program for our AAdvantage members. Only our members will have access to everything American has to offer. Achieving status will unlock an even wider world of unique experiences with the airline and our partners."
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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(RTTNews) - American Airlines announed changes to its loyalty program, AAdvantage, starting March 2023, with new benefits and rewards before and beyond reaching status. Also, on American and eligible partner flights, AAdvantage members will earn two miles per dollar spent on Basic Economy fares for all tickets issued on or after January 1, 2023, for travel starting March 1, 2023. Vasu Raja, American's Chief Commercial Officer, said, "We're creating a more meaningful travel rewards program for our AAdvantage members.
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The carrier has introduced Loyalty Point Rewards, which members earn to unlock further benefits and choose rewards to customize their travel experience. Starting in March, AAdvantage members will need to earn 40,000 loyalty points to earn Gold status, which reportedly is available for 30,000 points at present. With the changes, members will unlock their first Loyalty Point Reward, formerly known as Loyalty Choice Rewards, after earning only 15,000 Loyalty Points and before reaching AAdvantage Gold status.
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AAdvantage members earn miles and Loyalty Points when they fly, use an AAdvantage credit card for purchases or engage with more than 1,000 AAdvantage partners. Starting in March, AAdvantage members will need to earn 40,000 loyalty points to earn Gold status, which reportedly is available for 30,000 points at present. With the changes, members will unlock their first Loyalty Point Reward, formerly known as Loyalty Choice Rewards, after earning only 15,000 Loyalty Points and before reaching AAdvantage Gold status.
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(RTTNews) - American Airlines announed changes to its loyalty program, AAdvantage, starting March 2023, with new benefits and rewards before and beyond reaching status. With the changes, members will unlock their first Loyalty Point Reward, formerly known as Loyalty Choice Rewards, after earning only 15,000 Loyalty Points and before reaching AAdvantage Gold status. Also, on American and eligible partner flights, AAdvantage members will earn two miles per dollar spent on Basic Economy fares for all tickets issued on or after January 1, 2023, for travel starting March 1, 2023.
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3067.0
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2022-12-15 00:00:00 UTC
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How The Parts Add Up: IVV Targets $457
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AAL
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https://www.nasdaq.com/articles/how-the-parts-add-up%3A-ivv-targets-%24457
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nan
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nan
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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 iShares Core S&P 500 ETF (Symbol: IVV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $456.68 per unit.
With IVV trading at a recent price near $399.38 per unit, that means that analysts see 14.35% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IVV's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), STERIS plc (Symbol: STE), and Schwab (Charles) Corp (Symbol: SCHW). Although AAL has traded at a recent price of $13.35/share, the average analyst target is 24.84% higher at $16.67/share. Similarly, STE has 22.77% upside from the recent share price of $193.72 if the average analyst target price of $237.83/share is reached, and analysts on average are expecting SCHW to reach a target price of $92.75/share, which is 19.96% above the recent price of $77.32. Below is a twelve month price history chart comparing the stock performance of AAL, STE, and SCHW:
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
iShares Core S&P 500 ETF IVV $399.38 $456.68 14.35%
American Airlines Group Inc AAL $13.35 $16.67 24.84%
STERIS plc STE $193.72 $237.83 22.77%
Schwab (Charles) Corp SCHW $77.32 $92.75 19.96%
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:
Energy Stocks Hedge Funds Are Selling
SSC market cap history
XRAY 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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iShares Core S&P 500 ETF IVV $399.38 $456.68 14.35% American Airlines Group Inc AAL $13.35 $16.67 24.84% STERIS plc STE $193.72 $237.83 22.77% Schwab (Charles) Corp SCHW $77.32 $92.75 19.96% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IVV's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), STERIS plc (Symbol: STE), and Schwab (Charles) Corp (Symbol: SCHW). Although AAL has traded at a recent price of $13.35/share, the average analyst target is 24.84% higher at $16.67/share.
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Three of IVV's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), STERIS plc (Symbol: STE), and Schwab (Charles) Corp (Symbol: SCHW). iShares Core S&P 500 ETF IVV $399.38 $456.68 14.35% American Airlines Group Inc AAL $13.35 $16.67 24.84% STERIS plc STE $193.72 $237.83 22.77% Schwab (Charles) Corp SCHW $77.32 $92.75 19.96% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although AAL has traded at a recent price of $13.35/share, the average analyst target is 24.84% higher at $16.67/share.
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Three of IVV's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), STERIS plc (Symbol: STE), and Schwab (Charles) Corp (Symbol: SCHW). Although AAL has traded at a recent price of $13.35/share, the average analyst target is 24.84% higher at $16.67/share. Below is a twelve month price history chart comparing the stock performance of AAL, STE, and SCHW: Below is a summary table of the current analyst target prices discussed above:
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iShares Core S&P 500 ETF IVV $399.38 $456.68 14.35% American Airlines Group Inc AAL $13.35 $16.67 24.84% STERIS plc STE $193.72 $237.83 22.77% Schwab (Charles) Corp SCHW $77.32 $92.75 19.96% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IVV's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), STERIS plc (Symbol: STE), and Schwab (Charles) Corp (Symbol: SCHW). Although AAL has traded at a recent price of $13.35/share, the average analyst target is 24.84% higher at $16.67/share.
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3068.0
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2022-12-14 00:00:00 UTC
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American Airlines (AAL) Dips More Than Broader Markets: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-dips-more-than-broader-markets%3A-what-you-should-know-6
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nan
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American Airlines (AAL) closed at $13.35 in the latest trading session, marking a -0.82% move from the prior day. This change lagged the S&P 500's daily loss of 0.61%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, added 0.17%.
Heading into today, shares of the world's largest airline had lost 7.87% over the past month, lagging the Transportation sector's gain of 1.39% and the S&P 500's gain of 0.89% in that time.
Investors will be hoping for strength from American Airlines as it approaches its next earnings release. In that report, analysts expect American Airlines to post earnings of $0.57 per share. This would mark year-over-year growth of 140.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.72 billion, up 34.9% from the year-ago period.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. These results would represent year-over-year changes of +97.85% and +62.28%, respectively.
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 such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.2% higher. American Airlines is holding a Zacks Rank of #3 (Hold) right now.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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
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 $13.35 in the latest trading session, marking a -0.82% move from the prior day. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. 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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AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. 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 $13.35 in the latest trading session, marking a -0.82% move from the prior day.
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American Airlines (AAL) closed at $13.35 in the latest trading session, marking a -0.82% move from the prior day. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. 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 $13.35 in the latest trading session, marking a -0.82% move from the prior day. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. 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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3069.0
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2022-12-14 00:00:00 UTC
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Chile's Cochilco cuts copper price projection for 2023 to $3.70/lb
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AAL
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https://www.nasdaq.com/articles/chiles-cochilco-cuts-copper-price-projection-for-2023-to-%243.70-lb-0
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nan
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Adds comments by government minister and Cochilco executive
SANTIAGO, Dec 14 (Reuters) - The state-owned Chilean Copper Commission (Cochilco) on Wednesday cut its projection for the price of copper for 2023 to $3.70 per pound due to greater supply.
The agency in July had estimated a copper price of $3.95 per pound in 2023.
"The lower copper price expectation is due to the fact that the supply of the metal would grow by around 3.9%," Mining Minister Marcela Hernando said in Cochilco's statement. "While demand would increase by only 2.4%, causing a significant surplus."
Cochilco's executive vice-president, Joaquin Morales, added that other factors, like "further deterioration of China's growth, more persistent inflation, interest rates at high levels for a prolonged period and a deeper recession than expected in Europe" also contributed to the lower projection.
Cochilco also slightly lowered its 2022 forecast to $3.98, from the average $4.00 it estimated in July.
In addition, the agency projected a production volume for Chile of 5.3 million tonnes of copper for 2022, which is a year-on-year decline of 5.8%. For 2023 the agency projects growth of 7.5% to 5.7 million tonnes.
Chile is the world's largest producer of copper.
(Reporting by Fabian Cambero in Santiago Editing by Chris Reese and Matthew Lewis)
((Alexander.Villegas@thomsonreuters.com; +56 9 9818 8538;))
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 lower copper price expectation is due to the fact that the supply of the metal would grow by around 3.9%," Mining Minister Marcela Hernando said in Cochilco's statement. Cochilco's executive vice-president, Joaquin Morales, added that other factors, like "further deterioration of China's growth, more persistent inflation, interest rates at high levels for a prolonged period and a deeper recession than expected in Europe" also contributed to the lower projection. In addition, the agency projected a production volume for Chile of 5.3 million tonnes of copper for 2022, which is a year-on-year decline of 5.8%.
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The agency in July had estimated a copper price of $3.95 per pound in 2023. "The lower copper price expectation is due to the fact that the supply of the metal would grow by around 3.9%," Mining Minister Marcela Hernando said in Cochilco's statement. For 2023 the agency projects growth of 7.5% to 5.7 million tonnes.
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Adds comments by government minister and Cochilco executive SANTIAGO, Dec 14 (Reuters) - The state-owned Chilean Copper Commission (Cochilco) on Wednesday cut its projection for the price of copper for 2023 to $3.70 per pound due to greater supply. "The lower copper price expectation is due to the fact that the supply of the metal would grow by around 3.9%," Mining Minister Marcela Hernando said in Cochilco's statement. Cochilco's executive vice-president, Joaquin Morales, added that other factors, like "further deterioration of China's growth, more persistent inflation, interest rates at high levels for a prolonged period and a deeper recession than expected in Europe" also contributed to the lower projection.
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The agency in July had estimated a copper price of $3.95 per pound in 2023. In addition, the agency projected a production volume for Chile of 5.3 million tonnes of copper for 2022, which is a year-on-year decline of 5.8%. For 2023 the agency projects growth of 7.5% to 5.7 million tonnes.
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3070.0
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2022-12-14 00:00:00 UTC
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Chile's Cochilco cuts copper price projection for 2023 to $3.70/lb
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AAL
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https://www.nasdaq.com/articles/chiles-cochilco-cuts-copper-price-projection-for-2023-to-%243.70-lb
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nan
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nan
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SANTIAGO, Dec 14 (Reuters) - The state-owned Chilean Copper Commission (Cochilco) on Wednesday cut its projection for the price of copper for 2023 to $3.70 per pound due to greater supply.
The agency in July had estimated a copper price of $3.95 per pound in 2023.
Cochilco also slightly lowered its 2022 forecast to $3.98 dollars, from the average $4.00 it estimated in July.
In addition, the agency projected a production volume for Chile of 5.3 million tonnes of copper for 2022, which is a year-on-year decline of 5.8%. For 2023 the agency projects growth of 7.5% to 5.7 million tonnes.
Chile is the world's largest producer of copper.
(Reporting by Fabian Cambero Editing by Chris Reese)
((Alexander.Villegas@thomsonreuters.com; +56 9 9818 8538;))
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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SANTIAGO, Dec 14 (Reuters) - The state-owned Chilean Copper Commission (Cochilco) on Wednesday cut its projection for the price of copper for 2023 to $3.70 per pound due to greater supply. Cochilco also slightly lowered its 2022 forecast to $3.98 dollars, from the average $4.00 it estimated in July. In addition, the agency projected a production volume for Chile of 5.3 million tonnes of copper for 2022, which is a year-on-year decline of 5.8%.
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The agency in July had estimated a copper price of $3.95 per pound in 2023. In addition, the agency projected a production volume for Chile of 5.3 million tonnes of copper for 2022, which is a year-on-year decline of 5.8%. For 2023 the agency projects growth of 7.5% to 5.7 million tonnes.
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SANTIAGO, Dec 14 (Reuters) - The state-owned Chilean Copper Commission (Cochilco) on Wednesday cut its projection for the price of copper for 2023 to $3.70 per pound due to greater supply. The agency in July had estimated a copper price of $3.95 per pound in 2023. In addition, the agency projected a production volume for Chile of 5.3 million tonnes of copper for 2022, which is a year-on-year decline of 5.8%.
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The agency in July had estimated a copper price of $3.95 per pound in 2023. In addition, the agency projected a production volume for Chile of 5.3 million tonnes of copper for 2022, which is a year-on-year decline of 5.8%. (Reporting by Fabian Cambero Editing by Chris Reese) ((Alexander.Villegas@thomsonreuters.com; +56 9 9818 8538;)) 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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3071.0
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2022-12-14 00:00:00 UTC
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American Airlines (AAL) Appoints New Chief Financial Officer
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-appoints-new-chief-financial-officer
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nan
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nan
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American Airlines Group Inc. (AAL) is set to welcome the new year with its new Chief Financial Officer (CFO). The airline company has announced the promotion of Devon May from senior vice president of Finance and Investor Relationsto its CFO,effective Jan 1, 2023. He will be reporting to Robert Isom, AAL’s chief executive officer (CEO). In this new role, he will be supervising AAL’s financial planning and analysis, corporate development and investor relations work.
Devon May succeeds Derek Kerr, who will step down from his role at year end after serving for almost 20 years as CFO of America West, US Airways and American. However, Derek Kerr will continue working with AAL as vice chair, president of American Eagle and Strategic Advisor and monitor AAL’s Regional and Cargo teams and serve as a strategic advisor to the company.
Devon May joined America West in 2002. He has been working with AAL as senior vice president of Finance and American Eagle and senior vice president of Network Strategy, where he monitored American Airlines’s regional operations as well as its network planning and alliances work.
Considering Devon May’s 20 years of airline industry experience across finance, operations, network planning and alliances, the latest promotional announcement marks a strategic business move on American Airlines’ part and should help the company achieve its debt reduction targets.
Notably, Robert Isom, AAL’s CEO, stated, “Devon is the perfect person to lead our finance organization going forward as we continue to focus on achieving sustained profitability and reducing debt. He is a world-class executive who has built a great team around him, and he has played a critical leadership role inside American for many years. This move follows a long-planned succession process, and the entire senior leadership team is looking forward to working alongside Devon even more closely in his new role.”
Zacks Rank and Stocks to Consider
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.
Some better-ranked stocks from the broader Zacks Transportation sector are United Airlines Holdings, Inc. (UAL), Ryder Systems (R) and Teekay Tankers Ltd. (TNK), each currently carrying a Zacks Rank #2 (Buy).
UAL has an expected earnings growth rate of 115.64% for the current year. UAL delivered a trailing four-quarter earnings surprise of 7.78%, on average.
The Zacks Consensus Estimate for UAL’s current-year earnings has improved more than 100% over the past 90 days. Shares of UAL have gained 6.6% over the past year.
Ryder has an expected earnings growth rate of 67.12% for the current year. R delivered a trailing four-quarter earnings surprise of 30.13%, on average.
The Zacks Consensus Estimate for R’s current-year earnings has improved 6.9% over the past 90 days. Shares of R have gained 4.7% over the past year.
Teekay Tankers has an expected earnings growth rate of 214.91% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved 95% over the past 90 days. Shares of TNK have soared 176.8% over the past year.
Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
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
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Ryder System, Inc. (R) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : 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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Notably, Robert Isom, AAL’s CEO, stated, “Devon is the perfect person to lead our finance organization going forward as we continue to focus on achieving sustained profitability and reducing debt. American Airlines Group Inc. (AAL) is set to welcome the new year with its new Chief Financial Officer (CFO). He will be reporting to Robert Isom, AAL’s chief executive officer (CEO).
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However, Derek Kerr will continue working with AAL as vice chair, president of American Eagle and Strategic Advisor and monitor AAL’s Regional and Cargo teams and serve as a strategic advisor to the company. He has been working with AAL as senior vice president of Finance and American Eagle and senior vice president of Network Strategy, where he monitored American Airlines’s regional operations as well as its network planning and alliances work. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Ryder System, Inc. (R) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Ryder System, Inc. (R) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc. (AAL) is set to welcome the new year with its new Chief Financial Officer (CFO). He will be reporting to Robert Isom, AAL’s chief executive officer (CEO).
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American Airlines Group Inc. (AAL) is set to welcome the new year with its new Chief Financial Officer (CFO). He will be reporting to Robert Isom, AAL’s chief executive officer (CEO). In this new role, he will be supervising AAL’s financial planning and analysis, corporate development and investor relations work.
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3072.0
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2022-12-13 00:00:00 UTC
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Boom taps Kratos to power supersonic plane Overture, delays rollout
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AAL
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https://www.nasdaq.com/articles/boom-taps-kratos-to-power-supersonic-plane-overture-delays-rollout
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nan
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nan
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By Abhijith Ganapavaram
Dec 13 (Reuters) - Boom Supersonic struck a partnership with a unit of Kratos Defense & Security Solutions KTOS.O to develop an engine for its planned aircraft, after several leading industry players gave the U.S. startup a cold shoulder.
The company is trying to bring back supersonic flying with its Overture aircraft, which aims to cut transatlantic flying time in half to about 3-1/2 hours, while carrying 65-88 passengers.
Boom now expects its first "Overture" jet to leave the factory in 2026, one year behind schedule, and begin test flights the following year. It added it was aiming for certification in 2029.
Supersonic Concorde-style flights have drawn interest from major carriers United Airlines and American Airlines, but Boom's push to be among the first to roll out such a plane suffered a setback earlier this year when Rolls-Royce RR.L pulled out and other leading suppliers opted not to fill the gap.
General Electric GE.N, Safran SAF.PA and Honeywell International Inc HON.O have all said they have no plans to develop civil supersonic engines for the time being.
That left Boom scouting for new partners to help shoulder heavy investments needed to launch a new jet and engine. The firm has raised $319 million as of October 2021 and was valued at $1.2 billion, according to PitchBook Data.
Boom Chief Executive Officer Blake Scholl told Reuters on Monday the company was "well-funded", but did not disclose specific details.
Scholl said Boom decided to take the lead on developing its own engines after looking at "limitations" of adapting a subsonic engine and the "traditional engine business model."
DESIGN PARTNER
Under the new deal, Kratos unit Florida Turbine Technologies (FTT) will design the engine and build some of the first units.
Kratos currently supplies small, high-performance jet engines for cruise missiles and drones, according to its website. Boom said FTT's engineers have also worked on advanced U.S. supersonic fighter engines.
Civil engine makers invest billions of dollars, which they recoup over the lifetime of engines through aftermarket sales.
Although barriers to entry are falling in high-tech sectors such as space, analysts say it remains a significant challenge to keep up with the billions of dollars and certification hurdles required to develop a new engine for passenger use.
Raytheon Technologies RTX.N unit Pratt & Whitney is estimated to have spent $10 billion to develop its latest engine to re-enter the civil market after a gap of several years.
China remains in the early stages of challenging Western engine manufacturers with its own alternative engine portfolio.
Boom will hold the intellectual property rights for the engine and will lead the program, Scholl said.
The company also said 3D-printed-components expert GE Additive will be a supplier to the engine program and maintenance firm StandardAero will also be a partner.
(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Sherry Jacob-Phillips, Tim Hepher and Anil D'Silva)
((Abhijith.G@thomsonreuters.com; +91-9019785574;))
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 Abhijith Ganapavaram Dec 13 (Reuters) - Boom Supersonic struck a partnership with a unit of Kratos Defense & Security Solutions KTOS.O to develop an engine for its planned aircraft, after several leading industry players gave the U.S. startup a cold shoulder. Although barriers to entry are falling in high-tech sectors such as space, analysts say it remains a significant challenge to keep up with the billions of dollars and certification hurdles required to develop a new engine for passenger use. Raytheon Technologies RTX.N unit Pratt & Whitney is estimated to have spent $10 billion to develop its latest engine to re-enter the civil market after a gap of several years.
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By Abhijith Ganapavaram Dec 13 (Reuters) - Boom Supersonic struck a partnership with a unit of Kratos Defense & Security Solutions KTOS.O to develop an engine for its planned aircraft, after several leading industry players gave the U.S. startup a cold shoulder. The company is trying to bring back supersonic flying with its Overture aircraft, which aims to cut transatlantic flying time in half to about 3-1/2 hours, while carrying 65-88 passengers. General Electric GE.N, Safran SAF.PA and Honeywell International Inc HON.O have all said they have no plans to develop civil supersonic engines for the time being.
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By Abhijith Ganapavaram Dec 13 (Reuters) - Boom Supersonic struck a partnership with a unit of Kratos Defense & Security Solutions KTOS.O to develop an engine for its planned aircraft, after several leading industry players gave the U.S. startup a cold shoulder. Scholl said Boom decided to take the lead on developing its own engines after looking at "limitations" of adapting a subsonic engine and the "traditional engine business model." Boom said FTT's engineers have also worked on advanced U.S. supersonic fighter engines.
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Under the new deal, Kratos unit Florida Turbine Technologies (FTT) will design the engine and build some of the first units. Although barriers to entry are falling in high-tech sectors such as space, analysts say it remains a significant challenge to keep up with the billions of dollars and certification hurdles required to develop a new engine for passenger use. Boom will hold the intellectual property rights for the engine and will lead the program, Scholl said.
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3073.0
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2022-12-12 00:00:00 UTC
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JetBlue (JBLU), American Airlines (AAL) Welcomes New Routes
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AAL
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https://www.nasdaq.com/articles/jetblue-jblu-american-airlines-aal-welcomes-new-routes
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JetBlue Airways Corporation JBLU and American Airlines Group Inc. AAL seem to be in full mode in welcoming the new year with the addition of multiple new routes in the Northeast region with the help of their Northeast Alliance (“NEA”).
Recently, JetBlue and American Airlines announced the addition of multiple new nonstop destinations set to take off from New York’s LaGuardia Airport, Newark Liberty International Airport and Boston Logan International Airport in 2023.
In the new year almost 300 daily flights will operate from New York’s John F. Kennedy Airport under the NEA, serving 49 of the top 50 global markets. Across New York’s three major airports, more than 500 daily departures in 2023 and nearly 200 daily departures in Boston will operate under the alliance.
JBLU’s New Routes
In spring 2023, JetBlue plans to launch nonstop flying between LaGuardia and Atlanta (four times daily), Bermuda (once daily, summer seasonal), Hyannis (once daily, summer seasonal) and Nassau (once daily).
In summer 2023, JetBlue will extend its premium Mint flying with saturday service between Newark and Aruba. The airline will also restart flights between Newark and Montego Bay, Jamaica, daily once summer seasonal service.
In New England, JBLU aims to extent its service in Canada with daily summer seasonal service between Boston and Vancouver. New Vancouver route should enhance JetBlue’s service between New York-JFK and Vancouver (launched earlier this year as part of the NEA initiative).
Dave Fintzen, vice president, Northeast Alliance, JetBlue, stated, "The Northeast Alliance is bringing more of JetBlue’s low fares and great service to more customers. As we continue to enhance the Northeast Alliance and link more destinations with new nonstop choices, customers finally have a compelling alternative to the carriers that have dominated the market for too long."
AAL’s New Routes
American Airlines is also introducing six new destinations from New York with nonstop flights between LaGuardia and Birmingham (once daily), Buffalo (thrice daily), Greenville (twice daily), Columbia (once daily), Grand Rapids (once daily) and Knoxville (once daily).
Also, in New York, American Airlines will extend its summer seasonal flying between LaGuardia and Asheville throughout the year. AAL plans to introduce an additional frequency between Boston Logan International Airport and Louisville.
Anmol Bhargava, American Airlines’s vice president of Global Alliances and Partnerships, stated, "Giving customers more choices for travel is a critical part of the Northeast Alliance. We are pleased that with our partner, JetBlue, we will now serve 45 of the top 50 domestic markets from LGA."
Tickets for all new JBLU routes will be available for sale from January 2023, and all new AAL routes should start this weekend.
Zacks Rank and Stocks to Consider
Currently, both JetBlue and American Airlines carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks from the broader Zacks Transportation sector are Ryder Systems R and Teekay Tankers Ltd. (TNK), each currently carrying a Zacks Rank #2 (Buy).
Ryder has an expected earnings growth rate of 67.12% for the current year. R delivered a trailing four-quarter earnings surprise of 30.13%, on average.
The Zacks Consensus Estimate for R’s current-year earnings has improved 6.9% over the past 90 days. Shares of R have gained 1.1% over the past year.
Teekay Tankers has an expected earnings growth rate of 236.67% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved 87.5% over the past 90 days. Shares of TNK have soared 167.9% over the past year.
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
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
Ryder System, Inc. (R) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : 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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JetBlue Airways Corporation JBLU and American Airlines Group Inc. AAL seem to be in full mode in welcoming the new year with the addition of multiple new routes in the Northeast region with the help of their Northeast Alliance (“NEA”). AAL’s New Routes American Airlines is also introducing six new destinations from New York with nonstop flights between LaGuardia and Birmingham (once daily), Buffalo (thrice daily), Greenville (twice daily), Columbia (once daily), Grand Rapids (once daily) and Knoxville (once daily). AAL plans to introduce an additional frequency between Boston Logan International Airport and Louisville.
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Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Ryder System, Inc. (R) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. JetBlue Airways Corporation JBLU and American Airlines Group Inc. AAL seem to be in full mode in welcoming the new year with the addition of multiple new routes in the Northeast region with the help of their Northeast Alliance (“NEA”). AAL’s New Routes American Airlines is also introducing six new destinations from New York with nonstop flights between LaGuardia and Birmingham (once daily), Buffalo (thrice daily), Greenville (twice daily), Columbia (once daily), Grand Rapids (once daily) and Knoxville (once daily).
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AAL’s New Routes American Airlines is also introducing six new destinations from New York with nonstop flights between LaGuardia and Birmingham (once daily), Buffalo (thrice daily), Greenville (twice daily), Columbia (once daily), Grand Rapids (once daily) and Knoxville (once daily). Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Ryder System, Inc. (R) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. JetBlue Airways Corporation JBLU and American Airlines Group Inc. AAL seem to be in full mode in welcoming the new year with the addition of multiple new routes in the Northeast region with the help of their Northeast Alliance (“NEA”).
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JetBlue Airways Corporation JBLU and American Airlines Group Inc. AAL seem to be in full mode in welcoming the new year with the addition of multiple new routes in the Northeast region with the help of their Northeast Alliance (“NEA”). AAL’s New Routes American Airlines is also introducing six new destinations from New York with nonstop flights between LaGuardia and Birmingham (once daily), Buffalo (thrice daily), Greenville (twice daily), Columbia (once daily), Grand Rapids (once daily) and Knoxville (once daily). AAL plans to introduce an additional frequency between Boston Logan International Airport and Louisville.
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3074.0
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2022-12-12 00:00:00 UTC
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Notable Monday Option Activity: HOOD, AAL, RIVN
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AAL
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-hood-aal-rivn
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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 Robinhood Markets Inc (Symbol: HOOD), where a total of 42,584 contracts have traded so far, representing approximately 4.3 million underlying shares. That amounts to about 44.2% of HOOD's average daily trading volume over the past month of 9.6 million shares. Particularly high volume was seen for the $11 strike call option expiring December 30, 2022, with 6,580 contracts trading so far today, representing approximately 658,000 underlying shares of HOOD. Below is a chart showing HOOD's trailing twelve month trading history, with the $11 strike highlighted in orange:
American Airlines Group Inc (Symbol: AAL) saw options trading volume of 103,883 contracts, representing approximately 10.4 million underlying shares or approximately 43.8% of AAL's average daily trading volume over the past month, of 23.7 million shares. Especially high volume was seen for the $14 strike call option expiring December 16, 2022, with 15,223 contracts trading so far today, representing approximately 1.5 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $14 strike highlighted in orange:
And Rivian Automotive Inc - Class A (Symbol: RIVN) saw options trading volume of 48,387 contracts, representing approximately 4.8 million underlying shares or approximately 42.8% of RIVN's average daily trading volume over the past month, of 11.3 million shares. Especially high volume was seen for the $40 strike call option expiring June 16, 2023, with 5,169 contracts trading so far today, representing approximately 516,900 underlying shares of RIVN. Below is a chart showing RIVN's trailing twelve month trading history, with the $40 strike highlighted in orange:
For the various different available expirations for HOOD options, AAL options, or RIVN options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
GGN Historical Stock Prices
NCBS YTD Return
OASM Options Chain
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 $14 strike call option expiring December 16, 2022, with 15,223 contracts trading so far today, representing approximately 1.5 million underlying shares of AAL. Below is a chart showing HOOD's trailing twelve month trading history, with the $11 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) saw options trading volume of 103,883 contracts, representing approximately 10.4 million underlying shares or approximately 43.8% of AAL's average daily trading volume over the past month, of 23.7 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $14 strike highlighted in orange: And Rivian Automotive Inc - Class A (Symbol: RIVN) saw options trading volume of 48,387 contracts, representing approximately 4.8 million underlying shares or approximately 42.8% of RIVN's average daily trading volume over the past month, of 11.3 million shares.
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Below is a chart showing HOOD's trailing twelve month trading history, with the $11 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) saw options trading volume of 103,883 contracts, representing approximately 10.4 million underlying shares or approximately 43.8% of AAL's average daily trading volume over the past month, of 23.7 million shares. Especially high volume was seen for the $14 strike call option expiring December 16, 2022, with 15,223 contracts trading so far today, representing approximately 1.5 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $14 strike highlighted in orange: And Rivian Automotive Inc - Class A (Symbol: RIVN) saw options trading volume of 48,387 contracts, representing approximately 4.8 million underlying shares or approximately 42.8% of RIVN's average daily trading volume over the past month, of 11.3 million shares.
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Below is a chart showing HOOD's trailing twelve month trading history, with the $11 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) saw options trading volume of 103,883 contracts, representing approximately 10.4 million underlying shares or approximately 43.8% of AAL's average daily trading volume over the past month, of 23.7 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $14 strike highlighted in orange: And Rivian Automotive Inc - Class A (Symbol: RIVN) saw options trading volume of 48,387 contracts, representing approximately 4.8 million underlying shares or approximately 42.8% of RIVN's average daily trading volume over the past month, of 11.3 million shares. Especially high volume was seen for the $14 strike call option expiring December 16, 2022, with 15,223 contracts trading so far today, representing approximately 1.5 million underlying shares of AAL.
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Below is a chart showing HOOD's trailing twelve month trading history, with the $11 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) saw options trading volume of 103,883 contracts, representing approximately 10.4 million underlying shares or approximately 43.8% of AAL's average daily trading volume over the past month, of 23.7 million shares. Especially high volume was seen for the $14 strike call option expiring December 16, 2022, with 15,223 contracts trading so far today, representing approximately 1.5 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $14 strike highlighted in orange: And Rivian Automotive Inc - Class A (Symbol: RIVN) saw options trading volume of 48,387 contracts, representing approximately 4.8 million underlying shares or approximately 42.8% of RIVN's average daily trading volume over the past month, of 11.3 million shares.
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3075.0
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2022-12-12 00:00:00 UTC
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Zacks.com featured highlights American Airlines, Delek US Holdings, Builders FirstSource, Asbury Automotive and Foot Locker
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AAL
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-american-airlines-delek-us-holdings-builders-firstsource
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For Immediate Release
Chicago, IL – December 12, 2022 – Stocks in this week’s article are American Airlines AAL, Delek US Holdings DK, Builders FirstSource BLDR, Asbury Automotive ABG and Foot Locker FL.
These 5 Stocks Look Attractive Following Broker Upgrades
With uncertainty and volatility plaguing the U.S. equity markets, it is very hard for individual investors to design a winning portfolio of stocks. No one wants to see their hard-earned money go down the drain.
Moreover, with multiple stocks flooding the market from every possible corner, at any point of time, it is next to impossible to design one’s portfolio with appropriate stocks in the absence of guidance from experts who are equipped with proper knowhow about the market. The experts in the field of investing are the brokers.
We believe that investors should include broker-favorite stocks like American Airlines, Delek US Holdings, Builders FirstSource, Asbury Automotive and Foot Locker in their watchlist.
Brokers, irrespective of their types (sell-side, buy-side or independent), undertake thorough research of the stocks covered by them. They have at their disposal a lot more information on a company and its prospects than individual investors.
To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Consequently, the opinion of brokers should act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.
Movement of Earnings Estimates: An Invaluable Pointer
Since brokers follow the stocks in their coverage minutely, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. In fact, a rating upgrade or downgrade by brokers has the potential to immediately influence the price of the stock.
Given the expertise of brokers in investment matters, it is natural for investors to believe that there is a solid reason/logic behind brokers improving their recommendation on a particular stock. In fact, a rating upgrade generally leads to stock price appreciation and vice versa. Estimates can move north for a number of reasons — favorable earnings performance, a bullish guidance, product launch or any favorable macro scenario.
To take care of the earnings performance, we have designed a screen based on improving analyst recommendation and upward estimate revisions over the last four weeks.
Ignore Top line at Your Own Peril
To design a winning strategy, it is not prudent to consider only the bottom line only. In fact, according to some market watchers, a top-line outperformance is more creditable for a stock than a mere earnings beat under some circumstances. Therefore, to make our strategy full-proof, one needs to address top-line concerns as well. We have considered the price/sales ratio, which serves as a strong complementary valuation metric, for screening stocks.
Here are five of the 10 stocks that passed the screen test:
American Airlines is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are hurting the bottom line.
Over the past 60 days, the stock has seen the Zacks Consensus Estimate for 2022 earnings being revised 69.6% upward. AAL currently carries a Zacks Rank #3 (Hold).
Brentwood, TN-based Delek US Holdings is an independent refiner, transporter and marketer of petroleum products. DK’s extensive downstream operations within the Permian Basin grant it a fairly significant competitive edge over its peers in the long term.
Delek US Holdings currently carries a Zacks Rank #3. The Zacks Consensus Estimate for current-quarter earnings has improved 5.3% over the past 60 days.
Builders FirstSource: Dallas, TX-based BLDR manufactures and supplies building materials. Builders FirstSource has been benefiting from its focus on cost synergies, strategic acquisition and robust demand from solid housing and repair and remodeling activities.
Builders FirstSource is currently Zacks #3 Ranked. The Zacks Consensus Estimate for current-quarter earnings has improved 39.7% over the past 60 days.
Asbury: Asbury is one of the largest automotive retailers of new and used vehicles, and related services in the United States. The acquisition of Larry H. Miller Dealerships has bolstered Asbury’s regional footprint and will add nearly $5.7 billion in expected annualized revenues. ABG’s ambitious plan to generate $32 billion in revenues by 2025 instills optimism. The company’s end-to-end e-commerce platform—Clicklane—is on track to generate around $1 billion in sales in 2022 and $2.2 billion by the end of 2023.
Asbury carries a Zacks Rank #3 presently. ABG surpassed the Zacks Consensus Estimate for earnings in each of the last four quarters. The average beat is 11.2%.
Foot Locker’s digital business has been performing well. Over the past few years, Foot Locker has been investing significantly to reinforce its digital presence and augment its direct-to-consumer operations. Foot Locker is trying to improve its performance through operational and financial initiatives.
Foot Locker carries a Zacks Rank #3 presently. FL surpassed the Zacks Consensus Estimate for earnings in each of the last four quarters, with the average beat being 11.2%.
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 backtest 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.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2027101/these-5-stocks-look-attractive-following-broker-upgrades
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.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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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 Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
Be First to New Top 10 Stocks >>
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Foot Locker, Inc. (FL) : Free Stock Analysis Report
Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report
Delek US Holdings, Inc. (DK) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG) : 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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For Immediate Release Chicago, IL – December 12, 2022 – Stocks in this week’s article are American Airlines AAL, Delek US Holdings DK, Builders FirstSource BLDR, Asbury Automotive ABG and Foot Locker FL. 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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For Immediate Release Chicago, IL – December 12, 2022 – Stocks in this week’s article are American Airlines AAL, Delek US Holdings DK, Builders FirstSource BLDR, Asbury Automotive ABG and Foot Locker FL. Click to get this free report Foot Locker, Inc. (FL) : Free Stock Analysis Report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report Delek US Holdings, Inc. (DK) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : 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 Foot Locker, Inc. (FL) : Free Stock Analysis Report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report Delek US Holdings, Inc. (DK) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – December 12, 2022 – Stocks in this week’s article are American Airlines AAL, Delek US Holdings DK, Builders FirstSource BLDR, Asbury Automotive ABG and Foot Locker FL. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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For Immediate Release Chicago, IL – December 12, 2022 – Stocks in this week’s article are American Airlines AAL, Delek US Holdings DK, Builders FirstSource BLDR, Asbury Automotive ABG and Foot Locker FL. 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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3076.0
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2022-12-11 00:00:00 UTC
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METALS-Copper falls on firmer dollar ahead of central bank meetings
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AAL
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https://www.nasdaq.com/articles/metals-copper-falls-on-firmer-dollar-ahead-of-central-bank-meetings
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nan
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BEIJING, Dec 12 (Reuters) - Copper prices fell on Monday from near six-month highs, as the U.S. dollar firmed and caution prevailed ahead of major central bank meetings that could provide further clues on prospects of global economic growth and metals demand.
Three-month copper on the London Metal Exchange CMCU3 slid 1.1% to $8,448.5 a tonne by 0124 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange SCFcv1 was down 1% to 66,140 yuan ($9,508.47) a tonne.
The dollar firmed after data showed producer prices in the United States rose more than expected last month, pointing to persistent inflationary pressures and stoking fears the Federal Reserve would need to keep interest rates higher for longer.
A stronger dollar makes the greenback-priced metal more expensive for other currency holders.
Copper prices touched their highest since June on Friday, as investors expected China's easing of its COVID-19 restrictions would boost global economic growth and metals demand.
Investors are bracing for a half-percentage-point rate hike from the Fed this week, a step down from its recent series of three-quarter-point increases.
In addition, the European Central Bank and the Bank of England are also set to announce interest rate hikes.
Global miner Anglo American Plc AAL.L on Friday cut its copper production estimate for 2023 because of deteriorating ore grades at its Chilean mines, and trimmed the higher end of its output target for 2022.
LME aluminium CMAL3 lost 1.4% at $2,446 a tonne, zinc CMZN3 slipped 0.8% to $3,215, lead CMPB3 was down 1.2% at $2,174 and tin CMSN3 dropped 2% to $23,805.
SHFE aluminium SAFcv1 fell 1.9% to 18,860 yuan a tonne, zinc SZNcv1 dipped 0.2% to 24,790 yuan, nickel SNIcv1 was down 1.1% at 218,190 yuan, and tin SSNcv1 shed 3.4% at 190,980 yuan.
For the top stories in metals and other news, click
TOP/MTL or MET/L
($1 = 6.9559 yuan)
(Reporting by Siyi Liu and Dominique Patton; Editing by Subhranshu Sahu)
((Siyi.Liu@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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Global miner Anglo American Plc AAL.L on Friday cut its copper production estimate for 2023 because of deteriorating ore grades at its Chilean mines, and trimmed the higher end of its output target for 2022. BEIJING, Dec 12 (Reuters) - Copper prices fell on Monday from near six-month highs, as the U.S. dollar firmed and caution prevailed ahead of major central bank meetings that could provide further clues on prospects of global economic growth and metals demand. The dollar firmed after data showed producer prices in the United States rose more than expected last month, pointing to persistent inflationary pressures and stoking fears the Federal Reserve would need to keep interest rates higher for longer.
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Global miner Anglo American Plc AAL.L on Friday cut its copper production estimate for 2023 because of deteriorating ore grades at its Chilean mines, and trimmed the higher end of its output target for 2022. BEIJING, Dec 12 (Reuters) - Copper prices fell on Monday from near six-month highs, as the U.S. dollar firmed and caution prevailed ahead of major central bank meetings that could provide further clues on prospects of global economic growth and metals demand. Copper prices touched their highest since June on Friday, as investors expected China's easing of its COVID-19 restrictions would boost global economic growth and metals demand.
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Global miner Anglo American Plc AAL.L on Friday cut its copper production estimate for 2023 because of deteriorating ore grades at its Chilean mines, and trimmed the higher end of its output target for 2022. BEIJING, Dec 12 (Reuters) - Copper prices fell on Monday from near six-month highs, as the U.S. dollar firmed and caution prevailed ahead of major central bank meetings that could provide further clues on prospects of global economic growth and metals demand. Three-month copper on the London Metal Exchange CMCU3 slid 1.1% to $8,448.5 a tonne by 0124 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange SCFcv1 was down 1% to 66,140 yuan ($9,508.47) a tonne.
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Global miner Anglo American Plc AAL.L on Friday cut its copper production estimate for 2023 because of deteriorating ore grades at its Chilean mines, and trimmed the higher end of its output target for 2022. BEIJING, Dec 12 (Reuters) - Copper prices fell on Monday from near six-month highs, as the U.S. dollar firmed and caution prevailed ahead of major central bank meetings that could provide further clues on prospects of global economic growth and metals demand. The dollar firmed after data showed producer prices in the United States rose more than expected last month, pointing to persistent inflationary pressures and stoking fears the Federal Reserve would need to keep interest rates higher for longer.
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3077.0
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2022-12-09 00:00:00 UTC
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These 5 Stocks Look Attractive Following Broker Upgrades
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AAL
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https://www.nasdaq.com/articles/these-5-stocks-look-attractive-following-broker-upgrades
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nan
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nan
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With uncertainty and volatility plaguing the U.S. equity markets, it is very hard for individual investors to design a winning portfolio of stocks. No one wants to see their hard-earned money go down the drain. Moreover, with multiple stocks flooding the market from every possible corner, at any point of time, it is next to impossible to design one’s portfolio with appropriate stocks in the absence of guidance from experts who are equipped with proper knowhow about the market. The experts in the field of investing are the brokers.
We believe that investors should include broker-favorite stocks like American Airlines AAL, Delek US Holdings DK, Builders FirstSource BLDR, Asbury Automotive ABG and Foot Locker FL in their watchlist.
Brokers, irrespective of their types (sell-side, buy-side or independent), undertake thorough research of the stocks covered by them. They have at their disposal a lot more information on a company and its prospects than individual investors. To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Consequently, the opinion of brokers should act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.
Movement of Earnings Estimates: An Invaluable Pointer
Since brokers follow the stocks in their coverage minutely, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. In fact, a rating upgrade or downgrade by brokers has the potential to immediately influence the price of the stock.
Given the expertise of brokers in investment matters, it is natural for investors to believe that there is a solid reason/logic behind brokers improving their recommendation on a particular stock. In fact, a rating upgrade generally leads to stock price appreciation and vice versa. Estimates can move north for a number of reasons — favorable earnings performance, a bullish guidance, product launch or any favorable macro scenario.
To take care of the earnings performance, we have designed a screen based on improving analyst recommendation and upward estimate revisions over the last four weeks.
Ignore Top line at Your Own Peril
To design a winning strategy, it is not prudent to consider only the bottom line only. In fact, according to some market watchers, a top-line outperformance is more creditable for a stock than a mere earnings beat under some circumstances. Therefore, to make our strategy full-proof, one needs to address top-line concerns as well. We have considered the price/sales ratio, which serves as a strong complementary valuation metric, for screening stocks.
Screening Criteria
# (Up-Down Rating)/ Total (4 weeks) =Top #75: This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks.
% change in Q (1) est. (4 weeks) = Top #10: This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
Price-to-Sales = Bot%10: The lower the ratio, the better. Companies meeting this criterion are in the bottom 10% of our universe of over 7,700 stocks.
Price greater than 5: A stock trading below $5 will not likely be of significant interest to most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days: Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000: This gives us stocks that are the top 3000 in terms of market capitalization.
Com/ADR/Canadian= Com: This takes out the ADR and Canadian stocks.
Here are five of the 10 stocks that passed the screen test:
American Airlines is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are hurting the bottom line.
Over the past 60 days, the stock has seen the Zacks Consensus Estimate for 2022 earnings being revised 69.6% upward. AAL currently carries a Zacks Rank #3 (Hold).
Brentwood, TN-based Delek US Holdings is an independent refiner, transporter and marketer of petroleum products. DK’s extensive downstream operations within the Permian Basin grant it a fairly significant competitive edge over its peers in the long term.
Delek US Holdings currently carries a Zacks Rank #3. The Zacks Consensus Estimate for current-quarter earnings has improved 5.3% over the past 60 days.
Builders FirstSource: Dallas, TX-based BLDR manufactures and supplies building materials. Builders FirstSource has been benefiting from its focus on cost synergies, strategic acquisition and robust demand from solid housing and repair and remodeling activities.
Builders FirstSource is currently Zacks #3 Ranked. The Zacks Consensus Estimate for current-quarter earnings has improved 39.7% over the past 60 days.
Asbury: Asbury is one of the largest automotive retailers of new and used vehicles, and related services in the United States. The acquisition of Larry H. Miller Dealerships has bolstered Asbury’s regional footprint and will add nearly $5.7 billion in expected annualized revenues. ABG’s ambitious plan to generate $32 billion in revenues by 2025 instills optimism. The company’s end-to-end e-commerce platform—Clicklane—is on track to generate around $1 billion in sales in 2022 and $2.2 billion by the end of 2023.
Asbury carries a Zacks Rank #3 presently. ABG surpassed the Zacks Consensus Estimate for earnings in each of the last four quarters. The average beat is 11.2%.
Foot Locker’s digital business has been performing well. Over the past few years, Foot Locker has been investing significantly to reinforce its digital presence and augment its direct-to-consumer operations. Foot Locker is trying to improve its performance through operational and financial initiatives.
Foot Locker carries a Zacks Rank #3 presently. FL surpassed the Zacks Consensus Estimate for earnings in each of the last four quarters, with the average beat being 11.2%.
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 backtest 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 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
Foot Locker, Inc. (FL) : Free Stock Analysis Report
Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report
Delek US Holdings, Inc. (DK) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG) : 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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We believe that investors should include broker-favorite stocks like American Airlines AAL, Delek US Holdings DK, Builders FirstSource BLDR, Asbury Automotive ABG and Foot Locker FL in their watchlist. 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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We believe that investors should include broker-favorite stocks like American Airlines AAL, Delek US Holdings DK, Builders FirstSource BLDR, Asbury Automotive ABG and Foot Locker FL in their watchlist. Click to get this free report Foot Locker, Inc. (FL) : Free Stock Analysis Report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report Delek US Holdings, Inc. (DK) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : 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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We believe that investors should include broker-favorite stocks like American Airlines AAL, Delek US Holdings DK, Builders FirstSource BLDR, Asbury Automotive ABG and Foot Locker FL in their watchlist. Click to get this free report Foot Locker, Inc. (FL) : Free Stock Analysis Report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report Delek US Holdings, Inc. (DK) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : 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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We believe that investors should include broker-favorite stocks like American Airlines AAL, Delek US Holdings DK, Builders FirstSource BLDR, Asbury Automotive ABG and Foot Locker FL in their watchlist. 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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3078.0
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2022-12-09 00:00:00 UTC
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Anglo American expects higher output in 2023 on Peruvian mine ramp-up
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AAL
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https://www.nasdaq.com/articles/anglo-american-expects-higher-output-in-2023-on-peruvian-mine-ramp-up
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nan
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nan
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Updates with CEO comment, 2022 numbers
LONDON, Dec 9 (Reuters) - Global miner Anglo American Plc AAL.Lsaid on Friday the ramp-up of its Peruvian Quellaveco copper mine would help boost production to grow about 5% in 2023, after warning that output was set to fall this year.
The London-listed miner expects a 3% fall in overall production this calendar year, as the start of production at Quellaveco and strong diamond output only partially made up for lower output elsewhere.
"This year has seen us focus on our immediate priorities of safety and restoring normal operational disciplines given the pandemic related disruptions of the last few years," said Chief Executive Duncan Wanblad ahead of the company's annual investor update.
Wanblad added that in 2022, those priorities were added to concerns around geopolitically-led economic volatility, extreme weather and other localised disruptions at our operations."
Anglo reported a 14% fall in copper output for the first nine months of the year on lower grades and short water supply in Chile.
The company expects to spend within a range of $5 billion to $6.5 billion annually for the next three years and grow output until 2024, after which it predicted some levelling in 2025.
(Reporting by Clara Denina, Pushkala Aripaka; Editing by Rashmi Aich, Nivedita Bhattacharjee)
((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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Updates with CEO comment, 2022 numbers LONDON, Dec 9 (Reuters) - Global miner Anglo American Plc AAL.Lsaid on Friday the ramp-up of its Peruvian Quellaveco copper mine would help boost production to grow about 5% in 2023, after warning that output was set to fall this year. "This year has seen us focus on our immediate priorities of safety and restoring normal operational disciplines given the pandemic related disruptions of the last few years," said Chief Executive Duncan Wanblad ahead of the company's annual investor update. Anglo reported a 14% fall in copper output for the first nine months of the year on lower grades and short water supply in Chile.
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Updates with CEO comment, 2022 numbers LONDON, Dec 9 (Reuters) - Global miner Anglo American Plc AAL.Lsaid on Friday the ramp-up of its Peruvian Quellaveco copper mine would help boost production to grow about 5% in 2023, after warning that output was set to fall this year. The London-listed miner expects a 3% fall in overall production this calendar year, as the start of production at Quellaveco and strong diamond output only partially made up for lower output elsewhere. Anglo reported a 14% fall in copper output for the first nine months of the year on lower grades and short water supply in Chile.
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Updates with CEO comment, 2022 numbers LONDON, Dec 9 (Reuters) - Global miner Anglo American Plc AAL.Lsaid on Friday the ramp-up of its Peruvian Quellaveco copper mine would help boost production to grow about 5% in 2023, after warning that output was set to fall this year. The London-listed miner expects a 3% fall in overall production this calendar year, as the start of production at Quellaveco and strong diamond output only partially made up for lower output elsewhere. "This year has seen us focus on our immediate priorities of safety and restoring normal operational disciplines given the pandemic related disruptions of the last few years," said Chief Executive Duncan Wanblad ahead of the company's annual investor update.
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Updates with CEO comment, 2022 numbers LONDON, Dec 9 (Reuters) - Global miner Anglo American Plc AAL.Lsaid on Friday the ramp-up of its Peruvian Quellaveco copper mine would help boost production to grow about 5% in 2023, after warning that output was set to fall this year. The London-listed miner expects a 3% fall in overall production this calendar year, as the start of production at Quellaveco and strong diamond output only partially made up for lower output elsewhere. "This year has seen us focus on our immediate priorities of safety and restoring normal operational disciplines given the pandemic related disruptions of the last few years," said Chief Executive Duncan Wanblad ahead of the company's annual investor update.
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3079.0
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2022-12-08 00:00:00 UTC
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American Airlines (AAL) Gains But Lags Market: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-gains-but-lags-market%3A-what-you-should-know-5
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nan
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nan
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American Airlines (AAL) closed the most recent trading day at $13.60, moving +0.37% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.75%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.01%.
Coming into today, shares of the world's largest airline had lost 3.08% in the past month. In that same time, the Transportation sector gained 3.99%, while the S&P 500 gained 3.49%.
Wall Street will be looking for positivity from American Airlines as it approaches its next earnings report date. In that report, analysts expect American Airlines to post earnings of $0.57 per share. This would mark year-over-year growth of 140.14%. Our most recent consensus estimate is calling for quarterly revenue of $12.72 billion, up 34.9% from the year-ago period.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. These results would represent year-over-year changes of +97.85% and +62.28%, respectively.
Investors might also notice recent changes to analyst estimates for American Airlines. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 5.2% higher. American Airlines is holding a Zacks Rank of #3 (Hold) right now.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Just Released: Zacks Unveils the Top 5 EV Stocks for 2022
For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity.
>>Send me my free report revealing the top 5 EV 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) closed the most recent trading day at $13.60, moving +0.37% from the previous trading session. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. 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 most recent trading day at $13.60, moving +0.37% from the previous trading session. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 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. American Airlines (AAL) closed the most recent trading day at $13.60, moving +0.37% from the previous trading session. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion.
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American Airlines (AAL) closed the most recent trading day at $13.60, moving +0.37% from the previous trading session. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. 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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3080.0
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2022-12-07 00:00:00 UTC
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US STOCKS-Wall St slips in choppy trading on rising recession worries
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-slips-in-choppy-trading-on-rising-recession-worries
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nan
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nan
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By Ankika Biswas and David French
Dec 7 (Reuters) - Wall Street's main indexes struggled for direction on Wednesday, bouncing around in choppy trading as investors weighed potential recession fears linked to the pace of the Federal Reserve's monetary policy tightening and its effects on corporate America.
The benchmark S&P 500 .SPX fell for the fifth straight session on Wednesday.
The Nasdaq .IXIC was down for the fourth straight session, dragged lower by a 1.3% drop in Apple Inc AAPL.O on Morgan Stanley's iPhone shipment target cut and a 3.5% fall in Tesla Inc .IXIC over production loss worries.
Markets have also been rattled by downbeat comments from top executives at Goldman Sachs Group Inc GS.N, JPMorgan Chase & Co JPM.N and Bank of America Corp BAC.N on Tuesday that a mild to more pronounced recession was likely ahead.
Fears that the U.S. central bank might stick to a longer rate-hike cycle have intensified recently in the wake of strong jobs and service-sector reports.
More economic data, including weekly jobless claims, producer price index and the University of Michigan's consumer sentiment survey this week, will be on the watch list for clues on what to expect from the Fed on Dec. 14.
"When they (investors) take a look at what earnings estimates are for the remainder of 2022 and for 2023, they have not considered a recession in 2023," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
"There's some adjustment to what earnings estimates will be over the next 12 months and I think that's what's providing a little bit of pressure to the markets."
The CBOE volatility index .VIX, also known as Wall Street's fear gauge, rose to a two-week high before slipping back slightly.
Money market participants see a 91% chance that the Fed will increase its key benchmark rate by 50 basis points in December to 4.25%-4.50%, with rates peaking in May 2023 at 4.93%. FEDWATCH
By 2:21 p.m. ET (1921 GMT), the Dow Jones Industrial Average .DJI fell 23.81 points, or 0.07%, to 33,572.53, the S&P 500 .SPX lost 9.85 points, or 0.25%, to 3,931.41 and the Nasdaq Composite .IXIC dropped 54.80 points, or 0.5%, to 10,960.09.
Concerns about a steep rise in borrowing costs have boosted the dollar, but dented demand for risk assets such as equities this year. The S&P 500 is on track to snap a three-year winning streak, down 17.5% so far in 2022.
Four out of 11 major S&P sector indexes were higher, with healthcare shares .SPXHC leading the pack, while technology .SPLRCT and communication services stocks .SPLRCL were among the worst performers.
Energy .SPNY fell 0.6% and was on course for its fifth straight decline. The sector's performance was weighed by U.S. crude prices CLc1 falling again, at one point trading at its lowest intraday level since late December 2021.
Carvana Co CVNA.N was down 40.1% after Wedbush downgraded the used-car retailer's stock to "underperform" from "neutral" and slashed its price target to $1.
Meanwhile, United Airlines UAL.O traded 2.5% lower. Unions representing various workers at the airline said they would join forces on contract negotiations.
Travel-related stocks were generally down. Delta Air Lines DAL.N and American Airlines Group AAL.O were 3% and 4.1% lower respectively, with cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O all falling between 1.5% and 3.7%.
(Reporting by Shubham Batra, Ankika Biswas, Johann M Cherian and Shashwat Chauhan in Bengaluru and David French in New York; Editing by Vinay Dwivedi, Shounak Dasgupta and Lisa Shumaker)
((Shubham.Batra@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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Delta Air Lines DAL.N and American Airlines Group AAL.O were 3% and 4.1% lower respectively, with cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O all falling between 1.5% and 3.7%. By Ankika Biswas and David French Dec 7 (Reuters) - Wall Street's main indexes struggled for direction on Wednesday, bouncing around in choppy trading as investors weighed potential recession fears linked to the pace of the Federal Reserve's monetary policy tightening and its effects on corporate America. The Nasdaq .IXIC was down for the fourth straight session, dragged lower by a 1.3% drop in Apple Inc AAPL.O on Morgan Stanley's iPhone shipment target cut and a 3.5% fall in Tesla Inc .IXIC over production loss worries.
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Delta Air Lines DAL.N and American Airlines Group AAL.O were 3% and 4.1% lower respectively, with cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O all falling between 1.5% and 3.7%. By Ankika Biswas and David French Dec 7 (Reuters) - Wall Street's main indexes struggled for direction on Wednesday, bouncing around in choppy trading as investors weighed potential recession fears linked to the pace of the Federal Reserve's monetary policy tightening and its effects on corporate America. The sector's performance was weighed by U.S. crude prices CLc1 falling again, at one point trading at its lowest intraday level since late December 2021.
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Delta Air Lines DAL.N and American Airlines Group AAL.O were 3% and 4.1% lower respectively, with cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O all falling between 1.5% and 3.7%. By Ankika Biswas and David French Dec 7 (Reuters) - Wall Street's main indexes struggled for direction on Wednesday, bouncing around in choppy trading as investors weighed potential recession fears linked to the pace of the Federal Reserve's monetary policy tightening and its effects on corporate America. ET (1921 GMT), the Dow Jones Industrial Average .DJI fell 23.81 points, or 0.07%, to 33,572.53, the S&P 500 .SPX lost 9.85 points, or 0.25%, to 3,931.41 and the Nasdaq Composite .IXIC dropped 54.80 points, or 0.5%, to 10,960.09.
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Delta Air Lines DAL.N and American Airlines Group AAL.O were 3% and 4.1% lower respectively, with cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O all falling between 1.5% and 3.7%. The benchmark S&P 500 .SPX fell for the fifth straight session on Wednesday. The sector's performance was weighed by U.S. crude prices CLc1 falling again, at one point trading at its lowest intraday level since late December 2021.
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3081.0
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2022-12-07 00:00:00 UTC
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US STOCKS-S&P, Nasdaq extend losing streaks amid rising recession worries
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-nasdaq-extend-losing-streaks-amid-rising-recession-worries
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nan
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nan
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By David French
Dec 7 (Reuters) - The S&P 500 and Nasdaq closed down on Wednesday after a choppy session on Wall Street, as investors struggled to grasp a clear direction as they weighed how the Federal Reserve's monetary policy tightening might feed through into corporate America.
For the benchmark S&P 500 .SPX, it was the fifth straight session that it has declined, while the Nasdaq .IXIC finished down for the fourth time in a row. The Dow snapped a two-session losing streak, as it ended unchanged from the previous day.
The Nasdaq was dragged down by a 1.4% drop in Apple Inc AAPL.O on Morgan Stanley's iPhone shipment target cut and a 3.2% fall in Tesla Inc .IXIC over production loss worries.
Markets have also been rattled by downbeat comments from top executives at Goldman Sachs Group Inc GS.N, JPMorgan Chase & Co JPM.N and Bank of America Corp BAC.N on Tuesday that a mild to more pronounced recession was likely ahead.
Fears that the U.S. central bank might stick to a longer rate-hike cycle have intensified recently in the wake of strong jobs and service-sector reports.
More economic data, including weekly jobless claims, producer price index and the University of Michigan's consumer sentiment survey this week, will be on the watch list for clues on what to expect from the Fed on Dec. 14.
"It feels like we're in this very uncertain period where investors are trying to ascertain what's more important, as policymakers are slowing down on rates but the data is not playing ball," said Craig Erlam, senior market analyst at OANDA.
"The market is trying to balance the headwinds and the tailwinds and this is causing some confusion."
The CBOE volatility index .VIX, also known as Wall Street's fear gauge, closed at 22.68, its highest finish since Nov. 18.
Money market participants see a 91% chance that the Fed will increase its key benchmark rate by 50 basis points in December to 4.25%-4.50%, with rates peaking in May 2023 at 4.93%. FEDWATCH
The S&P 500 .SPX lost 7.34 points, or 0.19%, to close at 3,933.92 and the Nasdaq Composite .IXIC dropped 56.34 points, or 0.51%, to finish at 10,958.55. The Dow Jones Industrial Average .DJI was flat, ending on 33,597.92.
Concerns about a steep rise in borrowing costs have boosted the dollar, but dented demand for risk assets such as equities this year. The S&P 500 is on track to snap a three-year winning streak.
Three of the 11 major S&P sector indexes were higher, with healthcare .SPXHC one of them. Technology .SPLRCT and communication services .SPLRCL, down 0.5 and 0.9% respectively, were the worst performers.
Energy .SPNY fell for its fifth straight session. The sector's performance was weighed by U.S. crude prices CLc1 falling again, settling at the lowest level in 2022, as concerns over the outlook for global growth wiped out all of the gains since Russia's invasion of Ukraine exacerbated the worst global energy supply crisis in decades.
Carvana Co CVNA.N had its worst day as a public company, losing nearly half its stock value, after Wedbush downgraded the used-car retailer's stock to "underperform" from "neutral" and slashed its price target to $1.
Meanwhile, United Airlines UAL.O traded 4.1% lower. Unions representing various workers at the airline said they would join forces on contract negotiations.
Travel-related stocks were generally down. Delta Air Lines DAL.N and American Airlines Group AAL.O were 4.4% and 5.4% lower respectively, with cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O all falling between 1.7% and 4.4%.
Volume on U.S. exchanges was 10.29 billion shares, compared with the 10.98 billion average for the full session over the last 20 trading days.
The S&P 500 posted seven new 52-week highs and seven new lows; the Nasdaq Composite recorded 61 new highs and 307 new lows.
(Reporting by Shubham Batra, Ankika Biswas, Johann M Cherian and Shashwat Chauhan in Bengaluru and David French in New York; Editing by Vinay Dwivedi, Shounak Dasgupta and Lisa Shumaker)
((Shubham.Batra@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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Delta Air Lines DAL.N and American Airlines Group AAL.O were 4.4% and 5.4% lower respectively, with cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O all falling between 1.7% and 4.4%. By David French Dec 7 (Reuters) - The S&P 500 and Nasdaq closed down on Wednesday after a choppy session on Wall Street, as investors struggled to grasp a clear direction as they weighed how the Federal Reserve's monetary policy tightening might feed through into corporate America. Markets have also been rattled by downbeat comments from top executives at Goldman Sachs Group Inc GS.N, JPMorgan Chase & Co JPM.N and Bank of America Corp BAC.N on Tuesday that a mild to more pronounced recession was likely ahead.
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Delta Air Lines DAL.N and American Airlines Group AAL.O were 4.4% and 5.4% lower respectively, with cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O all falling between 1.7% and 4.4%. FEDWATCH The S&P 500 .SPX lost 7.34 points, or 0.19%, to close at 3,933.92 and the Nasdaq Composite .IXIC dropped 56.34 points, or 0.51%, to finish at 10,958.55. The sector's performance was weighed by U.S. crude prices CLc1 falling again, settling at the lowest level in 2022, as concerns over the outlook for global growth wiped out all of the gains since Russia's invasion of Ukraine exacerbated the worst global energy supply crisis in decades.
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Delta Air Lines DAL.N and American Airlines Group AAL.O were 4.4% and 5.4% lower respectively, with cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O all falling between 1.7% and 4.4%. The sector's performance was weighed by U.S. crude prices CLc1 falling again, settling at the lowest level in 2022, as concerns over the outlook for global growth wiped out all of the gains since Russia's invasion of Ukraine exacerbated the worst global energy supply crisis in decades. Carvana Co CVNA.N had its worst day as a public company, losing nearly half its stock value, after Wedbush downgraded the used-car retailer's stock to "underperform" from "neutral" and slashed its price target to $1.
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Delta Air Lines DAL.N and American Airlines Group AAL.O were 4.4% and 5.4% lower respectively, with cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O all falling between 1.7% and 4.4%. The Dow snapped a two-session losing streak, as it ended unchanged from the previous day. FEDWATCH The S&P 500 .SPX lost 7.34 points, or 0.19%, to close at 3,933.92 and the Nasdaq Composite .IXIC dropped 56.34 points, or 0.51%, to finish at 10,958.55.
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3082.0
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2022-12-07 00:00:00 UTC
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Glencore ditches plans for $1.3 bln Australian coal mine
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https://www.nasdaq.com/articles/glencore-ditches-plans-for-%241.3-bln-australian-coal-mine
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By Melanie Burton
MELBOURNE, Dec 8 (Reuters) - Glencore GLEN.L has shelved development of a A$2 billion ($1.3 billion) coal mine in Australia's Queensland state given global uncertainties and a hike in state royalties that damaged investor confidence, it said on Thursday.
The miner had been in a permitting process for the Valeria mine in the Bowen Basin, which would have produced up to 20 million tonnes of thermal and metallurgical coal a year, and was part of a package it bought from Rio Tinto Ltd RIO.AX for $1.7 billion in 2018.
Its decision comes against a backdrop of uncertainty over the speed of global decarbonisation and as project finance has become harder to find for greenfield coal mines - those that are not expansions of existing projects.
"Glencore has decided to withdraw the Valeria coal project from the current approvals process and will place the project under review," it said in a statement.
"The decision has been made in the current context of increased global uncertainty," it said, adding the move was in line with its commitment "to a responsibly managed decline of our global coal business and our ambition of being a net zero total emissions business by 2050." Queensland, also home to coal mines owned by majors BHP Group Ltd BHP.AX, Anglo American PLC AAL.L and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit.
The state on Wednesday forecast a record surplus of A$5.2 billion for the current financial year, largely driven by the higher royalty payments.
"Governments are already benefiting from higher royalty and corporate tax revenue from the Australian coal sector," a Glencore spokesperson added.
"Abrupt decisions like the Queensland super royalty hike have damaged investor confidence, increased uncertainty and raised a red flag with key trading partners," he said.
Australia is expected to announce caps on gas and coal prices before Christmas, possibly in the coming days.
($1 = 1.4883 Australian dollars)
(Reporting by Melanie Burton; Editing by Stephen Coates)
((melanie.burton@thomsonreuters.com Twitter: @MelanieMetals; +613 9286 1421; Reuters Messaging: melanie.burton.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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Queensland, also home to coal mines owned by majors BHP Group Ltd BHP.AX, Anglo American PLC AAL.L and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit. The miner had been in a permitting process for the Valeria mine in the Bowen Basin, which would have produced up to 20 million tonnes of thermal and metallurgical coal a year, and was part of a package it bought from Rio Tinto Ltd RIO.AX for $1.7 billion in 2018. "Abrupt decisions like the Queensland super royalty hike have damaged investor confidence, increased uncertainty and raised a red flag with key trading partners," he said.
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Queensland, also home to coal mines owned by majors BHP Group Ltd BHP.AX, Anglo American PLC AAL.L and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit. By Melanie Burton MELBOURNE, Dec 8 (Reuters) - Glencore GLEN.L has shelved development of a A$2 billion ($1.3 billion) coal mine in Australia's Queensland state given global uncertainties and a hike in state royalties that damaged investor confidence, it said on Thursday. "Glencore has decided to withdraw the Valeria coal project from the current approvals process and will place the project under review," it said in a statement.
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Queensland, also home to coal mines owned by majors BHP Group Ltd BHP.AX, Anglo American PLC AAL.L and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit. By Melanie Burton MELBOURNE, Dec 8 (Reuters) - Glencore GLEN.L has shelved development of a A$2 billion ($1.3 billion) coal mine in Australia's Queensland state given global uncertainties and a hike in state royalties that damaged investor confidence, it said on Thursday. Its decision comes against a backdrop of uncertainty over the speed of global decarbonisation and as project finance has become harder to find for greenfield coal mines - those that are not expansions of existing projects.
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Queensland, also home to coal mines owned by majors BHP Group Ltd BHP.AX, Anglo American PLC AAL.L and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit. By Melanie Burton MELBOURNE, Dec 8 (Reuters) - Glencore GLEN.L has shelved development of a A$2 billion ($1.3 billion) coal mine in Australia's Queensland state given global uncertainties and a hike in state royalties that damaged investor confidence, it said on Thursday. The miner had been in a permitting process for the Valeria mine in the Bowen Basin, which would have produced up to 20 million tonnes of thermal and metallurgical coal a year, and was part of a package it bought from Rio Tinto Ltd RIO.AX for $1.7 billion in 2018.
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3083.0
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2022-12-07 00:00:00 UTC
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US STOCKS-Wall St ends lower after choppy trading from rising recession worries
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https://www.nasdaq.com/articles/us-stocks-wall-st-ends-lower-after-choppy-trading-from-rising-recession-worries
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By David French
Dec 7 (Reuters) - Wall Street's main indexes ended broadly lower on Wednesday, after a choppy session where investors struggled to grasp a clear direction as they weighed how the Federal Reserve's monetary policy tightening might feed through into corporate America.
The benchmark S&P 500 .SPX fell for the fifth straight session, while the Nasdaq .IXIC finished down for the fourth time in a row.
The Nasdaq was dragged down by a drop in Apple Inc AAPL.O on Morgan Stanley's iPhone shipment target cut and a fall in Tesla Inc .IXIC over production loss worries.
Markets have also been rattled by downbeat comments from top executives at Goldman Sachs Group Inc GS.N, JPMorgan Chase & Co JPM.N and Bank of America Corp BAC.N on Tuesday that a mild to more pronounced recession was likely ahead.
Fears that the U.S. central bank might stick to a longer rate-hike cycle have intensified recently in the wake of strong jobs and service-sector reports.
More economic data, including weekly jobless claims, producer price index and the University of Michigan's consumer sentiment survey this week, will be on the watch list for clues on what to expect from the Fed on Dec. 14.
"It feels like we're in this very uncertain period where investors are trying to ascertain what's more important, as policymakers are slowing down on rates but the data is not playing ball," said Craig Erlam, senior market analyst at OANDA.
"The market is trying to balance the headwinds and the tailwinds and this is causing some confusion."
The CBOE volatility index .VIX, also known as Wall Street's fear gauge, rose to a two-week high before slipping back slightly.
Money market participants see a 91% chance that the Fed will increase its key benchmark rate by 50 basis points in December to 4.25%-4.50%, with rates peaking in May 2023 at 4.93%. FEDWATCH
Concerns about a steep rise in borrowing costs have boosted the dollar, but dented demand for risk assets such as equities this year. The S&P 500 is on track to snap a three-year winning streak.
Few of the 11 major S&P sector indexes were higher, with healthcare .SPXHC one of them. Technology .SPLRCT and communication services .SPLRCL were among the worst performers.
Energy .SPNY fell for its fifth straight session. The sector's performance was weighed by U.S. crude prices CLc1 falling again, settling at the lowest level in 2022, as concerns over the outlook for global growth wiped out all of the gains since Russia's invasion of Ukraine exacerbated the worst global energy supply crisis in decades.
Carvana Co CVNA.Nlost nearly half its stock value after Wedbush downgraded the used-car retailer's stock to "underperform" from "neutral" and slashed its price target to $1.
Meanwhile, United Airlines UAL.O traded lower. Unions representing various workers at the airline said they would join forces on contract negotiations.
Travel-related stocks were generally down. Delta Air Lines DAL.N and American Airlines Group AAL.O were lower, as were cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O.
(Reporting by Shubham Batra, Ankika Biswas, Johann M Cherian and Shashwat Chauhan in Bengaluru and David French in New York; Editing by Vinay Dwivedi, Shounak Dasgupta and Lisa Shumaker)
((Shubham.Batra@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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Delta Air Lines DAL.N and American Airlines Group AAL.O were lower, as were cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O. By David French Dec 7 (Reuters) - Wall Street's main indexes ended broadly lower on Wednesday, after a choppy session where investors struggled to grasp a clear direction as they weighed how the Federal Reserve's monetary policy tightening might feed through into corporate America. Markets have also been rattled by downbeat comments from top executives at Goldman Sachs Group Inc GS.N, JPMorgan Chase & Co JPM.N and Bank of America Corp BAC.N on Tuesday that a mild to more pronounced recession was likely ahead.
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Delta Air Lines DAL.N and American Airlines Group AAL.O were lower, as were cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O. By David French Dec 7 (Reuters) - Wall Street's main indexes ended broadly lower on Wednesday, after a choppy session where investors struggled to grasp a clear direction as they weighed how the Federal Reserve's monetary policy tightening might feed through into corporate America. The sector's performance was weighed by U.S. crude prices CLc1 falling again, settling at the lowest level in 2022, as concerns over the outlook for global growth wiped out all of the gains since Russia's invasion of Ukraine exacerbated the worst global energy supply crisis in decades.
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Delta Air Lines DAL.N and American Airlines Group AAL.O were lower, as were cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O. By David French Dec 7 (Reuters) - Wall Street's main indexes ended broadly lower on Wednesday, after a choppy session where investors struggled to grasp a clear direction as they weighed how the Federal Reserve's monetary policy tightening might feed through into corporate America. The sector's performance was weighed by U.S. crude prices CLc1 falling again, settling at the lowest level in 2022, as concerns over the outlook for global growth wiped out all of the gains since Russia's invasion of Ukraine exacerbated the worst global energy supply crisis in decades.
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Delta Air Lines DAL.N and American Airlines Group AAL.O were lower, as were cruise line operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N and accommodation-linked Airbnb Inc ABNB.O and Booking Holdings BKNG.O. By David French Dec 7 (Reuters) - Wall Street's main indexes ended broadly lower on Wednesday, after a choppy session where investors struggled to grasp a clear direction as they weighed how the Federal Reserve's monetary policy tightening might feed through into corporate America. The benchmark S&P 500 .SPX fell for the fifth straight session, while the Nasdaq .IXIC finished down for the fourth time in a row.
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3084.0
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2022-12-07 00:00:00 UTC
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Airlines Likely to Return to Profitability in 2023 Per IATA
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https://www.nasdaq.com/articles/airlines-likely-to-return-to-profitability-in-2023-per-iata
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It is no longer news that airlines were one of the hardest-hit corners during the pandemic. With passenger revenues dwindling, airlines incurred huge losses to the tune of $137.7 billion and $42 billion, in 2020 and 2021, respectively.
Airlines are now expected to incur a much narrower loss of $6.9 billion in the current year (earlier estimate was a loss of $9.7 billion) with an improvement in air-travel demand. Cargo revenues have also been impressive (expected to be $201.4 billion, which is way greater than the 2021 actual of $100.8 billion). High fuel costs have, however, hurt the current-year projection.
The scenario with respect to air-travel demand is expected to improve further in 2023. As a result, airlines are expected to return to profitability next year. Per the International Air Transport Association (IATA), net profits for airlines across the globe are likely to be $4.7 billion in 2023. The top line next year is anticipated to be $779 billion compared with the current-year estimate of $727 billion.
With people again taking to the skies, the greatest driver behind the top-line improvement is passenger revenues. Per IATA, passenger revenues for the next year are anticipated to be $522 billion (85.5% of 2019 [pre-coronavirus] levels). The 2023 projection is higher than the current-year estimate of $438 billion, despite economic uncertainties, with global GDP growth expected to slow down to 1.3% from 2.9% in 2022. Cargo revenues in 2023 are expected to be $149.4 billion, which is lower than the current-year projection but still $48.6 billion higher than 2019 actuals.
Even though total costs next year are projected to be 5.3% higher than the current-year projection due to high labor and infrastructure costs apart from capacity shortages, oil price is likely to be lower. Per IATA, Brent crude is likely to come in at $92.3/barrel (down from an average of $103.2/barrel in 2022). Jet kerosene is expected to cost $111.9/barrel on an average, compared with $138.8 per barrel expected this year. Total fuel bill next year is expected to be $229 billion.
On a region-wise basis, North American carriers that include the likes of Delta Air Lines DAL, American Airlines AAL and United Airlines UAL are expected to reap profits of $11.4 billion next year, higher than the current-year expectation of $9.9 billion. Reflecting the improved air-travel demand scenario, passenger demand next year is likely to grow 6.4%, higher than the anticipated capacity growth of 5.5%.
United Airlines currently carries a Zacks Rank #2 (Buy), while Delta and American Airlines carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
To highlight the improving air-travel demand scenario, let’s recap the third-quarter 2022 results of the abovementioned North American carriers.
Delta's earnings (excluding 42 cents from non-recurring items) of $1.51 per share fell short of the Zacks Consensus Estimate of $1.56. Delta had reported earnings of 30 cents per share a year ago, dull in comparison to the current scenario, as air-travel demand was not so buoyant then.
Delta reported revenues of $13,975 million, which lagged the Zacks Consensus Estimate of $14,157.2 million. Driven by the high air-travel demand, total revenues increased more than 52% on a year-over-year basis. The buoyant air-travel demand scenario is also evident from the total operating revenue increase of 11% from third-quarter 2019 levels. The uptick in air-travel demand in the United States can be gauged from the fact that 71.1% of third-quarter 2022 passenger revenues came from the domestic markets. In the third quarter of 2022, passenger revenues, accounting for 82% of the total revenues, were flat with the levels recorded in the comparable quarter of 2019 at $11,464 million. The fourth-quarter 2022 revenue guidance is also encouraging and expected to increase in the 5-9% band from fourth-quarter 2019 actuals.
American Airlines’ third-quarter 2022 earnings of 69 cents per share surpassed the Zacks Consensus Estimate of 54 cents despite higher costs. The third quarter of 2022 was the second consecutive profitable quarter, excluding net special items, at AAL since the onset of the pandemic.
Operating revenues of $13,462 million skyrocketed 50.1% year over year and surpassed the Zacks Consensus Estimate of $13,457.5 million. Buoyant air-travel demand is also reflected in the total operating revenue increase of 13% from the third-quarter 2019 (pre-coronavirus) levels despite operating at 9.6% lower capacity. In the September quarter, passenger revenues, accounting for the bulk of the top line (92.1%), increased to $12,396 million from $7,957 million a year ago, driven by strong air-travel demand, mainly on the domestic front. Driven by soaring demand on healthy bookings, management expects total revenues in the fourth quarter of 2022 to be roughly 11-13%, higher than the level recorded in fourth-quarter 2019.
United Airlines’ third-quarter 2022 earnings (excluding 5 cents from non-recurring items) of $2.81 per share beat the Zacks Consensus Estimate of $2.21 and our estimate of $2.17. The third quarter of 2022 was the second consecutive profitable quarter at UAL since the onset of the pandemic.
Operating revenues of $12,877 million beat the Zacks Consensus Estimate of $12,709.5 million and our estimate of $12, 631.6 million. UAL’s revenues increased more than 66% year over year owing to upbeat air-travel demand. The optimistic air-travel demand scenario is also evident from the fact that total operating revenues increased 13.2% from third-quarter 2019 levels.
The massive year-over-year increase in the top line was driven by more than a 75% rise in passenger revenues (accounting for 90.5% of the top line) to $11,653 million. Moreover, passenger revenues increased 11.2% from the third-quarter 2019 reading. Nearly 39 million passengers traveled on UAL flights in the September quarter. This implied that passenger volume was 90% of the pre-pandemic volume. Owing to buoyant air-travel demand, UAL anticipates total unit revenues to increase in the 24%-25% band in the December quarter from fourth-quarter 2019 actuals.
Coming back to IATA’s forecast, carriers in the Asia Pacific and Latin America are expect to incur losses of $6.6 billion and $795 million, respectively in 2023. Carriers in the Middle East are expected to reap profits of $268 million in 2023. European carriers, which include the likes of Ryanair Holdings RYAAY, are expected to be profitable in 2023 owing to improved air-travel demand. The profitability is expected to be $621 million as opposed to the anticipated current-year loss of $3.1 billion. In 2023, passenger demand is expected to grow 8.9%, outpacing capacity growth of 6.1%.
Reflecting the improved demand scenario, Ryanair’s revenues surged 207% year over year in first-half fiscal 2023 to €2.15 billion on the back of buoyant traffic. Scheduled revenues in the same period increased 250% to €4.42 billion.
The number of passengers who flew on RYAAY planes were 95.1 million in the first half, up 143% year over year. The traffic was 11% more than the pre-COVID levels. Load factor (% of seats filled by passengers) in first-half fiscal 2023 was 94% compared with 39% a year ago. Ryanair upped its traffic view for fiscal 2023 to 168 million from 165 million. The new guidance indicates 13% growth from the pre-COVID traffic numbers. Management expects profit after tax in fiscal 2023 in the range of €1 billion to €1.20 billion.
Zacks Names "Single Best Pick to Double"
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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.
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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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On a region-wise basis, North American carriers that include the likes of Delta Air Lines DAL, American Airlines AAL and United Airlines UAL are expected to reap profits of $11.4 billion next year, higher than the current-year expectation of $9.9 billion. The third quarter of 2022 was the second consecutive profitable quarter, excluding net special items, at AAL since the onset of the pandemic. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis 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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On a region-wise basis, North American carriers that include the likes of Delta Air Lines DAL, American Airlines AAL and United Airlines UAL are expected to reap profits of $11.4 billion next year, higher than the current-year expectation of $9.9 billion. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis 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. The third quarter of 2022 was the second consecutive profitable quarter, excluding net special items, at AAL since the onset of the pandemic.
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On a region-wise basis, North American carriers that include the likes of Delta Air Lines DAL, American Airlines AAL and United Airlines UAL are expected to reap profits of $11.4 billion next year, higher than the current-year expectation of $9.9 billion. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis 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. The third quarter of 2022 was the second consecutive profitable quarter, excluding net special items, at AAL since the onset of the pandemic.
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On a region-wise basis, North American carriers that include the likes of Delta Air Lines DAL, American Airlines AAL and United Airlines UAL are expected to reap profits of $11.4 billion next year, higher than the current-year expectation of $9.9 billion. The third quarter of 2022 was the second consecutive profitable quarter, excluding net special items, at AAL since the onset of the pandemic. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis 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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3085.0
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2022-12-06 00:00:00 UTC
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Coal royalty payments boost Australian state's budget forecast
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https://www.nasdaq.com/articles/coal-royalty-payments-boost-australian-states-budget-forecast
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SYDNEY, Dec 7 (Reuters) - Australia's Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments from coal producers on the back of a sharp rise in global energy prices due to Russia's war in Ukraine.
Coal and petroleum royalty revenue has been revised up by A$5.82 billion ($3.90 billion) for the financial year ending June next year, state Treasurer Cameron Dick said in a budget update.
"Coal royalties are worth fighting for. Queenslanders deserve their fair share and they will receive it," Dick said.
Queensland, home to coal mines owned by majors BHP Group Ltd BHP.AX, Glencore PLC GLEN.L, Anglo American PLC AAL.L and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit.
A record surplus of A$5.2 billion is now forecast for the state for 2022-23.
The budget update comes ahead of a meeting of federal and state leaders called by Prime Minister Anthony Albanese on Friday to discuss enforcing price caps on gas and coal to contain soaring power prices.
Albanese has said his government is considering price caps, but some resource-heavy states have pushed back as it could hit the revenue they make from royalty payments. Queensland has said it would seek compensation from the federal government for any revenue loss.
Federal Treasurer Jim Chalmers said his government will engage with the states on all matters including compensation but any potential financial support will not be a "blank cheque".
"We've got a trillion dollars in debt, we've got deficits as far as the eye can see ... so we need to be responsible about it but we also need to be reasonable about it and that's what we're doing," Chalmers told ABC Radio.
($1 = 1.4950 Australian dollars)
(Reporting by Renju Jose; Editing by Kim Coghill)
((renju.jose@thomsonreuters.com; +61 29171 7126;))
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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Queensland, home to coal mines owned by majors BHP Group Ltd BHP.AX, Glencore PLC GLEN.L, Anglo American PLC AAL.L and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit. SYDNEY, Dec 7 (Reuters) - Australia's Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments from coal producers on the back of a sharp rise in global energy prices due to Russia's war in Ukraine. Albanese has said his government is considering price caps, but some resource-heavy states have pushed back as it could hit the revenue they make from royalty payments.
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Queensland, home to coal mines owned by majors BHP Group Ltd BHP.AX, Glencore PLC GLEN.L, Anglo American PLC AAL.L and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit. SYDNEY, Dec 7 (Reuters) - Australia's Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments from coal producers on the back of a sharp rise in global energy prices due to Russia's war in Ukraine. Coal and petroleum royalty revenue has been revised up by A$5.82 billion ($3.90 billion) for the financial year ending June next year, state Treasurer Cameron Dick said in a budget update.
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Queensland, home to coal mines owned by majors BHP Group Ltd BHP.AX, Glencore PLC GLEN.L, Anglo American PLC AAL.L and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit. SYDNEY, Dec 7 (Reuters) - Australia's Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments from coal producers on the back of a sharp rise in global energy prices due to Russia's war in Ukraine. Coal and petroleum royalty revenue has been revised up by A$5.82 billion ($3.90 billion) for the financial year ending June next year, state Treasurer Cameron Dick said in a budget update.
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Queensland, home to coal mines owned by majors BHP Group Ltd BHP.AX, Glencore PLC GLEN.L, Anglo American PLC AAL.L and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit. SYDNEY, Dec 7 (Reuters) - Australia's Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments from coal producers on the back of a sharp rise in global energy prices due to Russia's war in Ukraine. Albanese has said his government is considering price caps, but some resource-heavy states have pushed back as it could hit the revenue they make from royalty payments.
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3086.0
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2022-12-06 00:00:00 UTC
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Pilots at rivals call Delta's pay offer a new 'benchmark'
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AAL
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https://www.nasdaq.com/articles/pilots-at-rivals-call-deltas-pay-offer-a-new-benchmark-0
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nan
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nan
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By Rajesh Kumar Singh
CHICAGO, Dec 5 (Reuters) - Delta Air Lines' DAL.Noffer to give pilots a 34% cumulative pay increase in a new four-year contract has boosted hopes of similar raises at rivals United Airlines UAL.O, American Airlines AAL.O.
While Delta's offer still requires the approval of union leaders and then a ratification by its pilots, aviators at United and American told Reuters the Atlanta-based carrier has "raised the bar" with a "very strong" proposal.
"This is going to be the benchmark," an American pilot said.
Delta's offer also includes a lump-sum one-time payment, reduced health insurance premiums, and improvements in holiday pay, vacation, company contributions to 401(k) and work rules.
Its union estimates the proposed deal represents more than $7.2 billion of cumulative value increases over the next four years.
Both American and United have promised an "industry-leading" contract to their pilots. As a result, any proposal seen as inferior to Delta's will likely have no takers.
"United leadership has said that they want to see what the market is," a pilot at the Chicago-based carrier said. "If this contract gets accepted and ratified by the Delta membership, then that'll be the new market."
The Allied Pilots Association, which represents American Airlines pilots, sent a message to its members on Saturday calling Delta's proposed deal "a significant event" and said it would "stimulate other ongoing labor negotiations".
Last month, American pilots rejected a proposed 19% pay hike over two years that would have cost the Texas-based carrier about $2 billion. Similarly, United pilots turned down an offer that included more than 14.5% cumulative wage increases and enhanced overtime and training pay.
COST IMPLICATIONS
Some airline executives are concerned that hefty pay raises for pilots would inflate fixed costs and make it tougher to repair debt-laden balance sheets.
Analysts at Jefferies estimate Delta's offer could hike non-fuel operating costs by 450 basis points in 2023 vis-à-vis 2019.
Strong travel demand has been allowing airlines including Delta to mitigate inflationary pressure with higher fares. But Colin Scarola, an analyst at CFRA, does not think Delta will be able to fully offset wage increases with ticket prices as the industry is "so intensely competitive."
However, a deal with its pilots is expected to do away with any staffing uncertainty, making it easier for Delta to plan its schedules and utilize resources. Analysts say the improved efficiency can ease Delta's cost pressures.
BARGAINING POWER
The deal showcases the bargaining power pilots are enjoying as carriers staff up to meet booming travel demand.
American, for example, has hired 2,000 pilots this year and intends to hire another 2,000 next year. Similarly, Southwest Airlines LUV.N is aiming to hire 1,200 pilots this year and 2,100 next year.
Analysts at Jefferies estimate the United States is short of 10,000 pilots. This supply-demand gap is projected to last until 2027.
Casey Murray, a pilot and the president of the Southwest Airlines Pilots Association, said Delta's proposed deal will help it in the competition for a shrinking pool of pilots.
"It's a pilot market today," Murray said. "Pilots can decide and choose where they want to go."
(Reporting by Rajesh Kumar Singh; Editing by Joseph White and Stephen Coates)
((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.
|
By Rajesh Kumar Singh CHICAGO, Dec 5 (Reuters) - Delta Air Lines' DAL.Noffer to give pilots a 34% cumulative pay increase in a new four-year contract has boosted hopes of similar raises at rivals United Airlines UAL.O, American Airlines AAL.O. While Delta's offer still requires the approval of union leaders and then a ratification by its pilots, aviators at United and American told Reuters the Atlanta-based carrier has "raised the bar" with a "very strong" proposal. Delta's offer also includes a lump-sum one-time payment, reduced health insurance premiums, and improvements in holiday pay, vacation, company contributions to 401(k) and work rules.
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By Rajesh Kumar Singh CHICAGO, Dec 5 (Reuters) - Delta Air Lines' DAL.Noffer to give pilots a 34% cumulative pay increase in a new four-year contract has boosted hopes of similar raises at rivals United Airlines UAL.O, American Airlines AAL.O. Its union estimates the proposed deal represents more than $7.2 billion of cumulative value increases over the next four years. The Allied Pilots Association, which represents American Airlines pilots, sent a message to its members on Saturday calling Delta's proposed deal "a significant event" and said it would "stimulate other ongoing labor negotiations".
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By Rajesh Kumar Singh CHICAGO, Dec 5 (Reuters) - Delta Air Lines' DAL.Noffer to give pilots a 34% cumulative pay increase in a new four-year contract has boosted hopes of similar raises at rivals United Airlines UAL.O, American Airlines AAL.O. The Allied Pilots Association, which represents American Airlines pilots, sent a message to its members on Saturday calling Delta's proposed deal "a significant event" and said it would "stimulate other ongoing labor negotiations". Casey Murray, a pilot and the president of the Southwest Airlines Pilots Association, said Delta's proposed deal will help it in the competition for a shrinking pool of pilots.
|
By Rajesh Kumar Singh CHICAGO, Dec 5 (Reuters) - Delta Air Lines' DAL.Noffer to give pilots a 34% cumulative pay increase in a new four-year contract has boosted hopes of similar raises at rivals United Airlines UAL.O, American Airlines AAL.O. Its union estimates the proposed deal represents more than $7.2 billion of cumulative value increases over the next four years. Similarly, United pilots turned down an offer that included more than 14.5% cumulative wage increases and enhanced overtime and training pay.
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3087.0
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2022-12-05 00:00:00 UTC
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EXPLAINER-Why U.S. airline pilot wages are outpacing global rises
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AAL
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https://www.nasdaq.com/articles/explainer-why-u.s.-airline-pilot-wages-are-outpacing-global-rises-0
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nan
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nan
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By Jamie Freed
Dec 5 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to become a benchmark for negotiations at rivals United Airlines UAL.O and American Airlines AAL.O.
But the proposed Delta contract is unlikely to set a global precedent of inflation-beating pay rises for pilots, analysts say, because of factors unique to the U.S. market.
FASTER TRAVEL RECOVERY
The U.S. domestic aviation market has rebounded to pre-pandemic levels far more quickly than markets in other parts of the world, according to data from airline industry group IATA.
U.S. domestic demand was only 0.8% below than 2019 levels in October, while globally, domestic travel demand was 22.1% lower. In September, U.S. domestic demand was 0.8% higher than in 2019.
For international travel, North American demand in October was 10% lower than in 2019, compared with a 17.6% decline in Europe and a 56.6% fall in the Asia-Pacific region at a time when China, once the world's biggest outbound travel market, remains effectively closed.
The U.S. rebound is a major turnaround from 2020 when thousands of pilots, including 1,800 at Delta, retired early at the encouragement of airlines after COVID-19 led to a plunge in demand.
REGIONAL PILOT SHORTAGE
The steep pay rise on offer to Delta pilots follows a series of large increases at U.S. regional airlines that serve as feeders to major carriers.
Uniquely among world markets, the United States requires pilots even at regional airlines to have a minimum of 1,500 hours of flying experience. The rule was put in place after a deadly Colgan Air crash in 2009.
In other parts of the world, major carriers like Lufthansa LHAG.DE and easyJet EZJ.L offer training programmes that do not require any prior experience and allow joiners to fly as a co-pilot upon completion.
In the United States, gaining a commercial pilot license can cost more than $70,000, to be followed by the need to build up 1,500 hours working in a relatively low-paid job like being a flight school instructor before joining even a regional airline.
The U.S. Federal Aviation Administration in September denied a request by regional airline Republic Airways to halve the minimum requirement to 750 hours.
Faced with growing shortages of entry-level pilots and rapid attrition of more experienced ones to major airlines, U.S. regional carriers have lifted pay rapidly.
For example, Piedmont Airlines said in June it would nearly double first-year pay to captains and first officers to $146 an hour and $90 an hour respectively.
The increases put pressure on major airlines to ensure their entry-level pay attracts joiners from regional carriers to cover retirements and planned fleet growth.
OUTSIDE THE UNITED STATES
North America is the only region that has a pilot shortage at present, equivalent to about 11% of supply, or 8,000 pilots, consulting firm Oliver Wyman said in July.
Europe and Asia have pilot surpluses that are expected to remain until the middle and end of the decade respectively, it said.
The pay rises being achieved by pilots outside the United States reflect the different supply situation and are often in line with the percentage gains on offer to all airline employees as the business recovers from the pandemic and inflation rises.
In Australia, pilots at Qantas Airways' QAN.AX low-cost arm Jetstar last month agreed to a two-year pay freeze followed by 3% annual increases and a one-off bonus of about A$10,000 ($6,843.00), the same offered to other workers.
Hong Kong's Cathay Pacific Airways 0293.HK said it would increase base pay by an average of 3.3% in 2023 and offer bonuses worth the equivalent of one month's salary to Hong Kong-based staff meeting performance targets.
Air France AIRF.PA in September raised salaries for all staff by 5% in anticipation of wage talks due next year, and offered a 1,000 euro ($1,057.50) bonus payment to its workforce.
($1 = 1.4613 Australian dollars)
($1 = 0.9456 euros)
(Reporting by Jamie Freed in Sydney; Editing by Robert Birsel)
((Jamie.Freed@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.
|
By Jamie Freed Dec 5 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to become a benchmark for negotiations at rivals United Airlines UAL.O and American Airlines AAL.O. In the United States, gaining a commercial pilot license can cost more than $70,000, to be followed by the need to build up 1,500 hours working in a relatively low-paid job like being a flight school instructor before joining even a regional airline. The increases put pressure on major airlines to ensure their entry-level pay attracts joiners from regional carriers to cover retirements and planned fleet growth.
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By Jamie Freed Dec 5 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to become a benchmark for negotiations at rivals United Airlines UAL.O and American Airlines AAL.O. Uniquely among world markets, the United States requires pilots even at regional airlines to have a minimum of 1,500 hours of flying experience. The increases put pressure on major airlines to ensure their entry-level pay attracts joiners from regional carriers to cover retirements and planned fleet growth.
|
By Jamie Freed Dec 5 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to become a benchmark for negotiations at rivals United Airlines UAL.O and American Airlines AAL.O. The steep pay rise on offer to Delta pilots follows a series of large increases at U.S. regional airlines that serve as feeders to major carriers. Uniquely among world markets, the United States requires pilots even at regional airlines to have a minimum of 1,500 hours of flying experience.
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By Jamie Freed Dec 5 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to become a benchmark for negotiations at rivals United Airlines UAL.O and American Airlines AAL.O. The steep pay rise on offer to Delta pilots follows a series of large increases at U.S. regional airlines that serve as feeders to major carriers. Uniquely among world markets, the United States requires pilots even at regional airlines to have a minimum of 1,500 hours of flying experience.
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3088.0
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2022-12-04 00:00:00 UTC
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EXPLAINER-Why U.S. airline pilot wages are outpacing global rises
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AAL
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https://www.nasdaq.com/articles/explainer-why-u.s.-airline-pilot-wages-are-outpacing-global-rises
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nan
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nan
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By Jamie Freed
Dec 5 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to become a benchmark for negotiations at rivals United Airlines UAL.O and American Airlines AAL.O.
But the proposed Delta contract is unlikely to set a global precedent of inflation-beating pay rises for pilots, analysts say, because of factors unique to the U.S. market.
FASTER TRAVEL RECOVERY
The U.S. domestic aviation market has rebounded to pre-pandemic levels far more quickly than markets in other parts of the world, according to data from airline industry group IATA.
U.S. domestic demand was only 0.8% below than 2019 levels in October, while globally, domestic travel demand was 22.1% lower. In September, U.S. domestic demand was 0.8% higher than in 2019.
For international travel, North American demand in October was 10% lower than in 2019, compared with a 17.6% decline in Europe and a 56.6% fall in the Asia-Pacific region at a time when China, once the world's biggest outbound travel market, remains effectively closed.
The U.S. rebound is a major turnaround from 2020 when thousands of pilots, including 1,800 at Delta, retired early at the encouragement of airlines after COVID-19 led to a plunge in demand.
REGIONAL PILOT SHORTAGE
The steep pay rise on offer to Delta pilots follows a series of large increases at U.S. regional airlines that serve as feeders to major carriers.
Uniquely among world markets, the United States requires pilots even at regional airlines to have a minimum of 1,500 hours of flying experience. The rule was put in place after a deadly Colgan Air crash in 2009.
In other parts of the world, major carriers like Lufthansa LHAG.DE and easyJet EZJ.L offer training programmes that do not require any prior experience and allow joiners to fly as a co-pilot upon completion.
In the United States, gaining a commercial pilot license can cost more than $70,000, to be followed by the need to build up 1,500 hours working in a relatively low-paid job like being a flight school instructor before joining even a regional airline.
The U.S. Federal Aviation Administration in September denied a request by regional airline Republic Airways to halve the minimum requirement to 750 hours.
Faced with growing shortages of entry-level pilots and rapid attrition of more experienced ones to major airlines, U.S. regional carriers have lifted pay rapidly.
For example, Piedmont Airlines said in June it would nearly double first-year pay to captains and first officers to $146 an hour and $90 an hour respectively.
The increases put pressure on major airlines to ensure their entry-level pay attracts joiners from regional carriers to cover retirements and planned fleet growth.
OUTSIDE THE UNITED STATES
North America is the only region that has a pilot shortage at present, equivalent to about 11% of supply, or 8,000 pilots, consulting firm Oliver Wyman said in July.
Europe and Asia have pilot surpluses that are expected to remain until the middle and end of the decade respectively, it said.
The pay rises being achieved by pilots outside the United States reflect the different supply situation and are often in line with the percentage gains on offer to all airline employees as the business recovers from the pandemic and inflation rises.
In Australia, pilots at Qantas Airways' QAN.AX low-cost arm Jetstar last month agreed to a two-year pay freeze followed by 3% annual increases and a one-off bonus of about A$10,000 ($6,843.00), the same offered to other workers.
Hong Kong's Cathay Pacific Airways 0293.HK said it would increase base pay by an average of 3.3% in 2023 and offer bonuses worth the equivalent of one month's salary to Hong Kong-based staff meeting performance targets.
Air France AIRF.PA in September raised salaries for all staff by 5% in anticipation of wage talks due next year, and offered a 1,000 euro ($1,057.50) bonus payment to its workforce.
($1 = 1.4613 Australian dollars)
($1 = 0.9456 euros)
(Reporting by Jamie Freed in Sydney; Editing by Robert Birsel)
((Jamie.Freed@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.
|
By Jamie Freed Dec 5 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to become a benchmark for negotiations at rivals United Airlines UAL.O and American Airlines AAL.O. In the United States, gaining a commercial pilot license can cost more than $70,000, to be followed by the need to build up 1,500 hours working in a relatively low-paid job like being a flight school instructor before joining even a regional airline. The increases put pressure on major airlines to ensure their entry-level pay attracts joiners from regional carriers to cover retirements and planned fleet growth.
|
By Jamie Freed Dec 5 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to become a benchmark for negotiations at rivals United Airlines UAL.O and American Airlines AAL.O. Uniquely among world markets, the United States requires pilots even at regional airlines to have a minimum of 1,500 hours of flying experience. The increases put pressure on major airlines to ensure their entry-level pay attracts joiners from regional carriers to cover retirements and planned fleet growth.
|
By Jamie Freed Dec 5 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to become a benchmark for negotiations at rivals United Airlines UAL.O and American Airlines AAL.O. The steep pay rise on offer to Delta pilots follows a series of large increases at U.S. regional airlines that serve as feeders to major carriers. Uniquely among world markets, the United States requires pilots even at regional airlines to have a minimum of 1,500 hours of flying experience.
|
By Jamie Freed Dec 5 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to become a benchmark for negotiations at rivals United Airlines UAL.O and American Airlines AAL.O. The steep pay rise on offer to Delta pilots follows a series of large increases at U.S. regional airlines that serve as feeders to major carriers. Uniquely among world markets, the United States requires pilots even at regional airlines to have a minimum of 1,500 hours of flying experience.
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3089.0
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2022-12-02 00:00:00 UTC
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Delta offers pilots hefty pay raises as unions flex bargaining power
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AAL
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https://www.nasdaq.com/articles/delta-offers-pilots-hefty-pay-raises-as-unions-flex-bargaining-power
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nan
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nan
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By Rajesh Kumar Singh and David Shepardson
CHICAGO, Dec 2 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating the bargaining power aviators are enjoying in a short-staffed industry with booming travel demand.
If the deal is approved by Delta pilots, it is widely expected to act as a benchmark for contract negotiations at rivals United Airlines UAL.O and American Airlines AAL.O.
Delta pilots will get a raise of at least 18% raise on the date the contract is signed, another 5% after one year, 4% after two years and 4% after three years, according to a draft contract seen by Reuters.
They will also get a one-time payment equivalent to a cumulative 22% of their earnings between 2020 and 2022 after the deal is ratified.
The Atlanta-based carrier's pilots have been working without a new contract for nearly three years after their old contract became amendable in December 2019, fueling frustration.
They voted overwhelmingly in October to authorize a strike if negotiators could not reach an agreement on the new contract.
MOUNTING COSTS, HIGHER FARES
The hefty pay raises are expected to further worsen cost pressures for carriers just as concerns over a U.S. recession spark worries about consumer spending.
Although ticket sales remain strong, investors fear travel demand could slip, making it harder for a debt-laden industry to repair its balance sheet. They fear carriers might be forced to borrow even more money to fund operations.
A scramble, however, among carriers to staff up to capitalize on booming consumer demand has enhanced the bargaining power of pilots. With the industry returning to profitability, pilots argue airlines can pay them more to cover their increased costs of living.
Airlines, thus far, have been relying on strong demand and higher fares to mitigate inflationary pressure. Any increase in their labor costs is expected to be passed along to customers through higher ticket prices.
In the draft agreement, Delta promises that pay rates of its pilots will exceed those at United and American by at least 1%.
In a memo to its members, the union representing Delta pilots said the deal represents more than $7.2 billion of cumulative value increases over the next four years.
Delta said it is "pleased to have reached an agreement in principle for a new pilot contract, one that recognizes the contributions of our pilots to Delta's success."
In a year of protests for the industry, pilots at all major U.S. carriers have been demanding higher wages and a better work-life balance.
Hundreds of United pilots picketed outside Chicago's O'Hare airport on Thursday, asking for an "industry-leading" contract. Last month, they turned down an offer that included more than 14.5% cumulative wage increases and enhanced overtime and training pay.
American pilots also rejected a proposed 19% pay hike over two years that would have cost the Texas-based carrier about $2 billion.
Pilots are also demanding a better quality of life. They say staffing and operational issues at carriers are driving up overtime, leaving them exhausted.
In its memo, Delta's pilot union said more than 25% of the value of the contract agreement is dedicated to quality-of-life related items.
The proposed deal also provides for 10 weeks of paid maternity leave, two weeks of paid parental leave and reduced health insurance premiums.
(Reporting by Rajesh Kumar Singh and David Shepardson; Editing by William Mallard)
((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.
|
If the deal is approved by Delta pilots, it is widely expected to act as a benchmark for contract negotiations at rivals United Airlines UAL.O and American Airlines AAL.O. By Rajesh Kumar Singh and David Shepardson CHICAGO, Dec 2 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating the bargaining power aviators are enjoying in a short-staffed industry with booming travel demand. The hefty pay raises are expected to further worsen cost pressures for carriers just as concerns over a U.S. recession spark worries about consumer spending.
|
If the deal is approved by Delta pilots, it is widely expected to act as a benchmark for contract negotiations at rivals United Airlines UAL.O and American Airlines AAL.O. By Rajesh Kumar Singh and David Shepardson CHICAGO, Dec 2 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating the bargaining power aviators are enjoying in a short-staffed industry with booming travel demand. A scramble, however, among carriers to staff up to capitalize on booming consumer demand has enhanced the bargaining power of pilots.
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If the deal is approved by Delta pilots, it is widely expected to act as a benchmark for contract negotiations at rivals United Airlines UAL.O and American Airlines AAL.O. By Rajesh Kumar Singh and David Shepardson CHICAGO, Dec 2 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating the bargaining power aviators are enjoying in a short-staffed industry with booming travel demand. Delta pilots will get a raise of at least 18% raise on the date the contract is signed, another 5% after one year, 4% after two years and 4% after three years, according to a draft contract seen by Reuters.
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If the deal is approved by Delta pilots, it is widely expected to act as a benchmark for contract negotiations at rivals United Airlines UAL.O and American Airlines AAL.O. By Rajesh Kumar Singh and David Shepardson CHICAGO, Dec 2 (Reuters) - Delta Air Lines DAL.N has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating the bargaining power aviators are enjoying in a short-staffed industry with booming travel demand. Delta pilots will get a raise of at least 18% raise on the date the contract is signed, another 5% after one year, 4% after two years and 4% after three years, according to a draft contract seen by Reuters.
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3090.0
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2022-12-02 00:00:00 UTC
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American Airlines (AAL) Stock Moves -0.07%: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-stock-moves-0.07%3A-what-you-should-know
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nan
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nan
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American Airlines (AAL) closed the most recent trading day at $13.97, moving -0.07% from the previous trading session. This change was narrower than the S&P 500's 0.12% loss on the day. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq gained 0.05%.
Coming into today, shares of the world's largest airline had gained 1.82% in the past month. In that same time, the Transportation sector gained 10.14%, while the S&P 500 gained 5.93%.
Investors will be hoping for strength from American Airlines as it approaches its next earnings release. In that report, analysts expect American Airlines to post earnings of $0.55 per share. This would mark year-over-year growth of 138.73%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.72 billion, up 34.9% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.20 per share and revenue of $48.49 billion. These totals would mark changes of +97.61% and +62.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for American Airlines. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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, the Zacks Consensus EPS estimate has moved 4.33% higher. American Airlines is currently sporting a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.
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 >>
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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 most recent trading day at $13.97, moving -0.07% from the previous trading session. To follow AAL in the coming trading sessions, be sure to utilize Zacks.com. 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 most recent trading day at $13.97, moving -0.07% from the previous trading session. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.
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American Airlines (AAL) closed the most recent trading day at $13.97, moving -0.07% from the previous trading session. To follow AAL in the coming trading sessions, be sure to utilize Zacks.com. 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 most recent trading day at $13.97, moving -0.07% from the previous trading session. To follow AAL in the coming trading sessions, be sure to utilize Zacks.com. 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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3091.0
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2022-12-02 00:00:00 UTC
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Notable Friday Option Activity: HTZ, AAL, GLPI
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AAL
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-htz-aal-glpi
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Hertz Global Holdings Inc (Symbol: HTZ), where a total volume of 11,753 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51.3% of HTZ's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $30 strike call option expiring January 20, 2023, with 3,265 contracts trading so far today, representing approximately 326,500 underlying shares of HTZ. Below is a chart showing HTZ's trailing twelve month trading history, with the $30 strike highlighted in orange:
American Airlines Group Inc (Symbol: AAL) options are showing a volume of 108,740 contracts thus far today. That number of contracts represents approximately 10.9 million underlying shares, working out to a sizeable 44.4% of AAL's average daily trading volume over the past month, of 24.5 million shares. Especially high volume was seen for the $14 strike call option expiring December 02, 2022, with 6,920 contracts trading so far today, representing approximately 692,000 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $14 strike highlighted in orange:
And Gaming & Leisure Properties, Inc (Symbol: GLPI) saw options trading volume of 6,281 contracts, representing approximately 628,100 underlying shares or approximately 44.1% of GLPI's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $55 strike call option expiring April 21, 2023, with 4,012 contracts trading so far today, representing approximately 401,200 underlying shares of GLPI. Below is a chart showing GLPI's trailing twelve month trading history, with the $55 strike highlighted in orange:
For the various different available expirations for HTZ options, AAL options, or GLPI options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Ten Hedge Funds Holding VFVA
Sonos Historical Earnings
RWT YTD Return
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 $14 strike call option expiring December 02, 2022, with 6,920 contracts trading so far today, representing approximately 692,000 underlying shares of AAL. Below is a chart showing HTZ's trailing twelve month trading history, with the $30 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 108,740 contracts thus far today. That number of contracts represents approximately 10.9 million underlying shares, working out to a sizeable 44.4% of AAL's average daily trading volume over the past month, of 24.5 million shares.
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Below is a chart showing HTZ's trailing twelve month trading history, with the $30 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 108,740 contracts thus far today. Below is a chart showing AAL's trailing twelve month trading history, with the $14 strike highlighted in orange: And Gaming & Leisure Properties, Inc (Symbol: GLPI) saw options trading volume of 6,281 contracts, representing approximately 628,100 underlying shares or approximately 44.1% of GLPI's average daily trading volume over the past month, of 1.4 million shares. That number of contracts represents approximately 10.9 million underlying shares, working out to a sizeable 44.4% of AAL's average daily trading volume over the past month, of 24.5 million shares.
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That number of contracts represents approximately 10.9 million underlying shares, working out to a sizeable 44.4% of AAL's average daily trading volume over the past month, of 24.5 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $14 strike highlighted in orange: And Gaming & Leisure Properties, Inc (Symbol: GLPI) saw options trading volume of 6,281 contracts, representing approximately 628,100 underlying shares or approximately 44.1% of GLPI's average daily trading volume over the past month, of 1.4 million shares. Below is a chart showing HTZ's trailing twelve month trading history, with the $30 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 108,740 contracts thus far today.
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That number of contracts represents approximately 10.9 million underlying shares, working out to a sizeable 44.4% of AAL's average daily trading volume over the past month, of 24.5 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $14 strike highlighted in orange: And Gaming & Leisure Properties, Inc (Symbol: GLPI) saw options trading volume of 6,281 contracts, representing approximately 628,100 underlying shares or approximately 44.1% of GLPI's average daily trading volume over the past month, of 1.4 million shares. Below is a chart showing GLPI's trailing twelve month trading history, with the $55 strike highlighted in orange: For the various different available expirations for HTZ options, AAL options, or GLPI options, visit StockOptionsChannel.com.
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3092.0
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2022-12-02 00:00:00 UTC
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Chile copper production up 1.4% in October - Cochilco
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AAL
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https://www.nasdaq.com/articles/chile-copper-production-up-1.4-in-october-cochilco
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nan
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nan
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SANTIAGO, Dec 2 (Reuters) - Chile's total copper production rose 1.4% in October to 477,000 tonnes, government body Cochilco said on Friday.
Production from state-owned giant Codelco fell 5.8% on a yearly basis to 135,800 tonnes, Cochilco said, while output from BHP-controlled BHP.AX Escondida rose 17.7% to 99,700 tonnes.
Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 44,900 tonnes, a 9.3% drop.
(Reporting by Fabian Andres Cambero; Editing by Steven Grattan)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))
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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Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 44,900 tonnes, a 9.3% drop. SANTIAGO, Dec 2 (Reuters) - Chile's total copper production rose 1.4% in October to 477,000 tonnes, government body Cochilco said on Friday. (Reporting by Fabian Andres Cambero; Editing by Steven Grattan) ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;)) 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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Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 44,900 tonnes, a 9.3% drop. SANTIAGO, Dec 2 (Reuters) - Chile's total copper production rose 1.4% in October to 477,000 tonnes, government body Cochilco said on Friday. Production from state-owned giant Codelco fell 5.8% on a yearly basis to 135,800 tonnes, Cochilco said, while output from BHP-controlled BHP.AX Escondida rose 17.7% to 99,700 tonnes.
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Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 44,900 tonnes, a 9.3% drop. SANTIAGO, Dec 2 (Reuters) - Chile's total copper production rose 1.4% in October to 477,000 tonnes, government body Cochilco said on Friday. Production from state-owned giant Codelco fell 5.8% on a yearly basis to 135,800 tonnes, Cochilco said, while output from BHP-controlled BHP.AX Escondida rose 17.7% to 99,700 tonnes.
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Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 44,900 tonnes, a 9.3% drop. SANTIAGO, Dec 2 (Reuters) - Chile's total copper production rose 1.4% in October to 477,000 tonnes, government body Cochilco said on Friday. Production from state-owned giant Codelco fell 5.8% on a yearly basis to 135,800 tonnes, Cochilco said, while output from BHP-controlled BHP.AX Escondida rose 17.7% to 99,700 tonnes.
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3093.0
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2022-12-01 00:00:00 UTC
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American Airlines (AAL) Just Flashed Golden Cross Signal: Do You Buy?
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-just-flashed-golden-cross-signal%3A-do-you-buy
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nan
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nan
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From a technical perspective, American Airlines (AAL) is looking like an interesting pick, as it just reached a key level of support. AAL recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.
Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
Shares of AAL have been moving higher over the past four weeks, up 6.3%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that AAL could be poised for a continued surge.
The bullish case only gets stronger once investors take into account AAL's positive earnings estimate revisions. There have been 9 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
Investors may want to watch AAL for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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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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From a technical perspective, American Airlines (AAL) is looking like an interesting pick, as it just reached a key level of support. Investors may want to watch AAL for more gains in the near future given the company's key technical level and positive earnings estimate revisions. AAL recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
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AAL recently overtook the 20-day moving average, and this suggests a short-term bullish trend. Investors may want to watch AAL for more gains in the near future given the company's key technical level and positive earnings estimate revisions. 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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Investors may want to watch AAL for more gains in the near future given the company's key technical level and positive earnings estimate revisions. From a technical perspective, American Airlines (AAL) is looking like an interesting pick, as it just reached a key level of support. AAL recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
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AAL recently overtook the 20-day moving average, and this suggests a short-term bullish trend. The bullish case only gets stronger once investors take into account AAL's positive earnings estimate revisions. From a technical perspective, American Airlines (AAL) is looking like an interesting pick, as it just reached a key level of support.
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3094.0
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2022-11-29 00:00:00 UTC
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7 Airline Stocks Investors Should Put on Their Christmas Lists
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AAL
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https://www.nasdaq.com/articles/7-airline-stocks-investors-should-put-on-their-christmas-lists
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
These top airline stocks to buy are expected to soar, all thanks to a busy holiday season. Over Thanksgiving break, an estimated 55 million people were expected to travel, according to AAA. Then, between, Christmas and New Year’s Day, AAA estimates about 120 million people will travel, with many by air. Thus, unless those millions of people plan on flapping their arms to take flight, that’s great news for airline stocks.
Notably, even with sky-high inflation, the American Society of Travel Advisors, about 75% of Americans plan to spend more on travel. In addition, “40% of respondents say that nothing is going to stop them from taking a vacation. Travelers are also eager to check things off their bucket lists in the very near future, with 25% planning to take a dream vacation by March 2023. The pandemic remains a big driver for travel intent, as well, with 70% of Americans looking at travel as a reward for what they have gone through over the past two years.”
That being the case, investors may want to consider these top airline stocks to buy.
JBLU JetBlue $7.98
JETS US Global Jets $18.61
CRUZ Defiance Hotel, Airline, and Cruise ETF $17.31
LUV Southwest Airlines $39.22
AAL American Airlines $14.50
UAL United Airlines $44.42
DAL Delta Air Lines $35.10
JetBlue Airways (JBLU)
Source: frank_peters / Shutterstock.com
After being grounded by the pandemic, JetBlue Airways (NASDAQ:JBLU) is an airline stock that’s poised to take off. In fact, I think if the stock can break above double top resistance around $8.54, it could potentially refill its gap around $10 shortly after.
Helping, CEO Robin Hayes said, “We continue to see a very healthy revenue environment with no signs of slowing demand for air travel,” as noted in the company’s third-quarter earnings call. In addition, the company posted a third-quarter profit, its first on an adjusted basis. For the quarter, JBLU posted a profit of $57 million, or 18 cents a share as compared to $130 million, or 40 cents a share last year. Sales were up 30% to $2.56 billion. JBLU is also trading at less than half of sales (0.30-times), and at less than book value (0.74-times).
US Global Jets ETF (JETS)
Source: Shutterstock
One of the best ways to trade any hot sector is with an exchange-traded fund (ETF). Not only do these tools allow you to diversify, but they also allow you to do so at a lower cost.
The US Global Jets ETF (NYSE:JETS), for example, currently trades at $18.72 and has an expense ratio of 0.60%. Some of its top holdings include United Airlines (NASDAQ:UAL), Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL), Alaska Air Group (NYSE:ALK), JetBlue, Boeing (NYSE:BA), Booking Holdings (NASDAQ:BKNG), Expedia Group (NASDAQ:EXPE), Trip.com (NASDAQ:TCOM), and dozens more. If I wanted to buy 100 shares of JETS, it would cost about $1,872. With this ETF, I gain exposure to dozens of airline-related stocks. Meanwhile, if I were to buy 100 shares of just Booking Holdings and nothing else, it would cost me just under $200,000.
Defiance Hotel, Airline, and Cruise ETF (CRUZ)
Source: Shutterstock
Another interesting ETF to consider is the Defiance Hotel, Airline, and Cruise ETF (NYSE:CRUZ). At $17.31, with an expense ratio of 0.45%, the ETF offers exposure to companies that derive at least 50% of their revenue from airlines, hotels, resorts, or cruise lines.
Also, according to Defiance ETFs, “The pre-Covid travel and tourism industry constituted 10% of the world economy and contributed $8.9 trillion to world GDP. The pandemic has cost the sector an estimated $3.3 trillion; that’s a lot of suppressed demand and growth potential.”
Some of the ETFs top holdings include Delta Airlines, Southwest Airlines (NYSE:LUV), United Airlines, Ryanair Holdings (NASDAQ:RYAAY), Hilton Worldwide (NYSE:HLT), Marriott International (NASDAQ:MAR), and Carnival (NYSE:CCL) to name a few.
Southwest Airlines (LUV)
Source: Shutterstock
Southwest Airlines appears ready for takeoff, too. After bottoming out around $31, LUV stock is now up to $39.22. If it can break above its prior resistance around $41.64, I’d like to see it test $45 shortly after. Better, “While there’s noise regarding whether we are headed into a recession or not or whether we may even be in one now, we have not seen any noticeable impact on our booking and revenue trends,” CEO Bob Jordan said on a quarterly call.
The company’s earnings haven’t been too shabby either. Adjusted earnings per share came in at 50 cents, as compared to expectations for 42 cents. Revenue came in at $6.22 billion, as compared to estimates of $6.21 billion. Southwest Airlines is also a top airline stock pick for Morgan Stanley (NYSE:MS), thanks to its strong franchise and management team, as well as its balance sheet and recovering leisure and corporate travel.
American Airlines (AAL)
Source: GagliardiPhotography / Shutterstock.com
American Airlines is another top option for investors looking for airlines stocks to buy. After finding double bottom support around $12, the stock is now up to $14.50. From here, if it can break above resistance around $15.50, it could see $18.
Earnings have been just as solid with this airline operator, as the company posted earnings per share of 69 cents in its third quarter on sales of $13.5 billion. Analysts were only looking for 54 cents on sales of $13.4 billion. American Airlines CEO Robert Isom also sees strong demand.
As noted in its earnings release, “The American Airlines team continues to deliver on our goals of running a reliable operation and returning to profitability. Demand remains strong, and it’s clear that customers in the U.S. and other parts of the world continue to value air travel and the ability to reconnect post-pandemic. American has the youngest, most fuel-efficient fleet among U.S. network carriers, and we are well-positioned for the future because of the incredible efforts of our team.”
United Airlines (UAL)
Source: EQRoy / Shutterstock.com
United Airlines is another carrier worth paying attention to. After finding double-bottom support around $32, the stock is now consolidating around $44.42. From here, I’d like to see UAL stock again challenge $52.50 near-term. In recent months, CEO Scott Kirby called third-quarter earnings, “the best operational quarter in our history,” as quoted by Barron’s.
For the quarter, the company posted adjusted earnings of $927 million, and total operating income of $12.9 billion, which was up just over 13% from the third quarter of 2019. Revenue per available seat per mile was 25.5% higher. Better, the company is optimistic about delivering strong financial results in the fourth quarter, and in 2023.
Analysts at Cowen have an outperform rating on the stock with a price target of $75. Citi (NYSE:C) analysts also have a buy rating on the stock with a price target of $56. “The carrier’s third-quarter results and fourth-quarter guide looked very strong, with unit revenue coming in above expectations and unit costs well-controlled, even if the carrier did seem to get a little help from a lower-than-expected third-quarter tax rate,” said Citi, as quoted by Barron’s.
Delta Air Lines (DAL)
Source: Shutterstock
Delta Air Lines rounds out this list of top airline stocks to buy. After finding support of around $28, the DAL stock is now up to $35.10. From here, I’d like to see it closer to $38.
While the company missed third-quarter estimates, it did provide an upbeat forecast for the fourth quarter. The stock was also upgraded to an outperform rating by analysts at Cowen, with a price target of $54. “The mix of air traffic passengers is shifting with higher yielding business and international passengers making up a great share,” they said, as quoted by Barron’s. “The former is directly correlated with the return to the office, while the latter receives a boost from loosening of pandemic restrictions.”
On the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.
The post 7 Airline Stocks Investors Should Put on Their Christmas Lists 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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JBLU JetBlue $7.98 JETS US Global Jets $18.61 CRUZ Defiance Hotel, Airline, and Cruise ETF $17.31 LUV Southwest Airlines $39.22 AAL American Airlines $14.50 UAL United Airlines $44.42 DAL Delta Air Lines $35.10 JetBlue Airways (JBLU) Source: frank_peters / Shutterstock.com After being grounded by the pandemic, JetBlue Airways (NASDAQ:JBLU) is an airline stock that’s poised to take off. Some of its top holdings include United Airlines (NASDAQ:UAL), Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL), Alaska Air Group (NYSE:ALK), JetBlue, Boeing (NYSE:BA), Booking Holdings (NASDAQ:BKNG), Expedia Group (NASDAQ:EXPE), Trip.com (NASDAQ:TCOM), and dozens more. American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com American Airlines is another top option for investors looking for airlines stocks to buy.
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JBLU JetBlue $7.98 JETS US Global Jets $18.61 CRUZ Defiance Hotel, Airline, and Cruise ETF $17.31 LUV Southwest Airlines $39.22 AAL American Airlines $14.50 UAL United Airlines $44.42 DAL Delta Air Lines $35.10 JetBlue Airways (JBLU) Source: frank_peters / Shutterstock.com After being grounded by the pandemic, JetBlue Airways (NASDAQ:JBLU) is an airline stock that’s poised to take off. Some of its top holdings include United Airlines (NASDAQ:UAL), Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL), Alaska Air Group (NYSE:ALK), JetBlue, Boeing (NYSE:BA), Booking Holdings (NASDAQ:BKNG), Expedia Group (NASDAQ:EXPE), Trip.com (NASDAQ:TCOM), and dozens more. American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com American Airlines is another top option for investors looking for airlines stocks to buy.
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JBLU JetBlue $7.98 JETS US Global Jets $18.61 CRUZ Defiance Hotel, Airline, and Cruise ETF $17.31 LUV Southwest Airlines $39.22 AAL American Airlines $14.50 UAL United Airlines $44.42 DAL Delta Air Lines $35.10 JetBlue Airways (JBLU) Source: frank_peters / Shutterstock.com After being grounded by the pandemic, JetBlue Airways (NASDAQ:JBLU) is an airline stock that’s poised to take off. Some of its top holdings include United Airlines (NASDAQ:UAL), Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL), Alaska Air Group (NYSE:ALK), JetBlue, Boeing (NYSE:BA), Booking Holdings (NASDAQ:BKNG), Expedia Group (NASDAQ:EXPE), Trip.com (NASDAQ:TCOM), and dozens more. American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com American Airlines is another top option for investors looking for airlines stocks to buy.
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JBLU JetBlue $7.98 JETS US Global Jets $18.61 CRUZ Defiance Hotel, Airline, and Cruise ETF $17.31 LUV Southwest Airlines $39.22 AAL American Airlines $14.50 UAL United Airlines $44.42 DAL Delta Air Lines $35.10 JetBlue Airways (JBLU) Source: frank_peters / Shutterstock.com After being grounded by the pandemic, JetBlue Airways (NASDAQ:JBLU) is an airline stock that’s poised to take off. American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com American Airlines is another top option for investors looking for airlines stocks to buy. Some of its top holdings include United Airlines (NASDAQ:UAL), Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL), Alaska Air Group (NYSE:ALK), JetBlue, Boeing (NYSE:BA), Booking Holdings (NASDAQ:BKNG), Expedia Group (NASDAQ:EXPE), Trip.com (NASDAQ:TCOM), and dozens more.
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3095.0
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2022-11-28 00:00:00 UTC
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Monday's ETF with Unusual Volume: XTN
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AAL
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https://www.nasdaq.com/articles/mondays-etf-with-unusual-volume%3A-xtn
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nan
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nan
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The SPDR S&P Transportation ETF is seeing unusually high volume in afternoon trading Monday, with over 183,000 shares traded versus three month average volume of about 36,000. Shares of XTN were down about 1% on the day.
Components of that ETF with the highest volume on Monday were American Airlines Group, trading down about 2% with over 7.3 million shares changing hands so far this session, and Uber Technologies, down about 1.2% on volume of over 3.9 million shares. Tusimple Holdings is the component faring the best Monday, higher by about 4% on the day, while Sun Country Airlines Holdings is lagging other components of the SPDR S&P Transportation ETF, trading lower by about 5.8%.
VIDEO: Monday's ETF with Unusual Volume: XTN
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 SPDR S&P Transportation ETF is seeing unusually high volume in afternoon trading Monday, with over 183,000 shares traded versus three month average volume of about 36,000. Components of that ETF with the highest volume on Monday were American Airlines Group, trading down about 2% with over 7.3 million shares changing hands so far this session, and Uber Technologies, down about 1.2% on volume of over 3.9 million shares. Tusimple Holdings is the component faring the best Monday, higher by about 4% on the day, while Sun Country Airlines Holdings is lagging other components of the SPDR S&P Transportation ETF, trading lower by about 5.8%.
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The SPDR S&P Transportation ETF is seeing unusually high volume in afternoon trading Monday, with over 183,000 shares traded versus three month average volume of about 36,000. Tusimple Holdings is the component faring the best Monday, higher by about 4% on the day, while Sun Country Airlines Holdings is lagging other components of the SPDR S&P Transportation ETF, trading lower by about 5.8%. VIDEO: Monday's ETF with Unusual Volume: XTN 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 SPDR S&P Transportation ETF is seeing unusually high volume in afternoon trading Monday, with over 183,000 shares traded versus three month average volume of about 36,000. Components of that ETF with the highest volume on Monday were American Airlines Group, trading down about 2% with over 7.3 million shares changing hands so far this session, and Uber Technologies, down about 1.2% on volume of over 3.9 million shares. Tusimple Holdings is the component faring the best Monday, higher by about 4% on the day, while Sun Country Airlines Holdings is lagging other components of the SPDR S&P Transportation ETF, trading lower by about 5.8%.
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The SPDR S&P Transportation ETF is seeing unusually high volume in afternoon trading Monday, with over 183,000 shares traded versus three month average volume of about 36,000. Shares of XTN were down about 1% on the day. Components of that ETF with the highest volume on Monday were American Airlines Group, trading down about 2% with over 7.3 million shares changing hands so far this session, and Uber Technologies, down about 1.2% on volume of over 3.9 million shares.
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3096.0
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2022-11-25 00:00:00 UTC
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American Airlines (AAL) Gains As Market Dips: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-gains-as-market-dips%3A-what-you-should-know-6
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nan
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nan
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In the latest trading session, American Airlines (AAL) closed at $14.50, marking a +0.55% move from the previous day. This change outpaced the S&P 500's 0.03% loss on the day. At the same time, the Dow added 0.45%, and the tech-heavy Nasdaq lost 0.05%.
Prior to today's trading, shares of the world's largest airline had gained 3.22% over the past month. This has lagged the Transportation sector's gain of 11.37% and the S&P 500's gain of 6.23% in that time.
American Airlines will be looking to display strength as it nears its next earnings release. In that report, analysts expect American Airlines to post earnings of $0.54 per share. This would mark year-over-year growth of 138.03%. Our most recent consensus estimate is calling for quarterly revenue of $12.72 billion, up 34.9% from the year-ago period.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.21 per share and revenue of $48.49 billion. These results would represent year-over-year changes of +97.49% and +62.28%, respectively.
It is also important to note the recent changes to analyst estimates for American Airlines. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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, the Zacks Consensus EPS estimate has moved 21.51% higher. American Airlines is currently sporting a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.
5 Stocks Set to Double
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Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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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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In the latest trading session, American Airlines (AAL) closed at $14.50, marking a +0.55% move from the previous day. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.21 per share and revenue of $48.49 billion. To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.
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In the latest trading session, American Airlines (AAL) closed at $14.50, marking a +0.55% move from the previous day. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.21 per share and revenue of $48.49 billion. 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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In the latest trading session, American Airlines (AAL) closed at $14.50, marking a +0.55% move from the previous 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. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.21 per share and revenue of $48.49 billion.
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In the latest trading session, American Airlines (AAL) closed at $14.50, marking a +0.55% move from the previous day. AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.21 per share and revenue of $48.49 billion. To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.
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3097.0
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2022-11-24 00:00:00 UTC
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ASIACOPPERWEEK-Freeport settles six-year high copper charges for 2023 with Chinese smelters - source
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AAL
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https://www.nasdaq.com/articles/asiacopperweek-freeport-settles-six-year-high-copper-charges-for-2023-with-chinese-0
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nan
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nan
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By Mai Nguyen
SINGAPORE, Nov 25 (Reuters) - Miner Freeport-McMoRan FCX.N has agreed treatment and refining charges (TC/RCs) of $88 a tonne and 8.8 cents per pound for copper concentrate supply in 2023 with Chinese smelters, a source close to negotiations said on Thursday.
The charges, paid by miners to smelters to process ore into refined metal, are the highest since 2017 and 35% higher than the 2022 benchmark, due to an expected oversupply of copper concentrate.
"The general view (previously) was around $80-$85 but the sentiment had shifted more towards the $85-$90 range in recent weeks," said analyst Craig Lang of consultancy firm CRU.
"It was quite a common view across the market that next year would see a surplus approaching 300,000 tonnes of copper concentrate," he said.
This year the benchmark was set at $65 per tonne and 6.5 cents per pound, but China's top copper smelters had already lifted their floor TC/RCs in the fourth quarter to a five-year high at $93/9.3c due to a supply glut.
Spot treatment charges in China AM-CN-CUCONC assessed by Asian Metal stood at $85.50 a tonne on Nov. 17, up 43.7% from the beginning of this year and higher than the annual benchmark.
The TC/RCs benchmark, referenced in supply contracts globally, is usually taken from the first settlement between a major miner and a smelter in top copper consumer China in annual negotiations.
TC/RCs rise when more supply is available and smelters can demand better terms on feedstock.
"We think the number is not reasonable. Although 88 is a good luck number in China, it is not representative of the market reality," said a miner.
Smelter executives on Thursday called on miners to pay higher TC/RCs to incentivise them to expand capacity and ensure long-term copper supply to the market.
Market participants have mostly expected the treatment charges benchmark to be in-between $80 and $90 a tonne.
They pointed to Teck Resources' TECK.K Quebrada Blanca Phase 2 project in Chile and Anglo American PLC's AAL.L Quellaveco project in Peru that would contribute to the rising supply of concentrate.
Freeport did not immediately respond to a request for comment.
Copper tc/rc benchmark over yearshttps://tmsnrt.rs/3VnSnDB
(Reporting by Mai Nguyen in Singapore Editing by Mark Potter)
((mai.nguyen@thomsonreuters.com; +842438259623; 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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They pointed to Teck Resources' TECK.K Quebrada Blanca Phase 2 project in Chile and Anglo American PLC's AAL.L Quellaveco project in Peru that would contribute to the rising supply of concentrate. By Mai Nguyen SINGAPORE, Nov 25 (Reuters) - Miner Freeport-McMoRan FCX.N has agreed treatment and refining charges (TC/RCs) of $88 a tonne and 8.8 cents per pound for copper concentrate supply in 2023 with Chinese smelters, a source close to negotiations said on Thursday. The charges, paid by miners to smelters to process ore into refined metal, are the highest since 2017 and 35% higher than the 2022 benchmark, due to an expected oversupply of copper concentrate.
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They pointed to Teck Resources' TECK.K Quebrada Blanca Phase 2 project in Chile and Anglo American PLC's AAL.L Quellaveco project in Peru that would contribute to the rising supply of concentrate. By Mai Nguyen SINGAPORE, Nov 25 (Reuters) - Miner Freeport-McMoRan FCX.N has agreed treatment and refining charges (TC/RCs) of $88 a tonne and 8.8 cents per pound for copper concentrate supply in 2023 with Chinese smelters, a source close to negotiations said on Thursday. This year the benchmark was set at $65 per tonne and 6.5 cents per pound, but China's top copper smelters had already lifted their floor TC/RCs in the fourth quarter to a five-year high at $93/9.3c due to a supply glut.
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They pointed to Teck Resources' TECK.K Quebrada Blanca Phase 2 project in Chile and Anglo American PLC's AAL.L Quellaveco project in Peru that would contribute to the rising supply of concentrate. By Mai Nguyen SINGAPORE, Nov 25 (Reuters) - Miner Freeport-McMoRan FCX.N has agreed treatment and refining charges (TC/RCs) of $88 a tonne and 8.8 cents per pound for copper concentrate supply in 2023 with Chinese smelters, a source close to negotiations said on Thursday. The charges, paid by miners to smelters to process ore into refined metal, are the highest since 2017 and 35% higher than the 2022 benchmark, due to an expected oversupply of copper concentrate.
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They pointed to Teck Resources' TECK.K Quebrada Blanca Phase 2 project in Chile and Anglo American PLC's AAL.L Quellaveco project in Peru that would contribute to the rising supply of concentrate. By Mai Nguyen SINGAPORE, Nov 25 (Reuters) - Miner Freeport-McMoRan FCX.N has agreed treatment and refining charges (TC/RCs) of $88 a tonne and 8.8 cents per pound for copper concentrate supply in 2023 with Chinese smelters, a source close to negotiations said on Thursday. Spot treatment charges in China AM-CN-CUCONC assessed by Asian Metal stood at $85.50 a tonne on Nov. 17, up 43.7% from the beginning of this year and higher than the annual benchmark.
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3098.0
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2022-11-24 00:00:00 UTC
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Airline Stock Roundup: ALGT Reports Rosy October Traffic, AAL, DAL in Focus
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-algt-reports-rosy-october-traffic-aal-dal-in-focus
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nan
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nan
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In the past week, Allegiant Travel Company ALGT reported upbeat traffic numbers for October. Highlighting the air-travel demand strength, Allegiant carried 12.9% more passengers in October 2022 than in October 2019 (pre-coronavirus era).
Riding on the upbeat air-travel demand scenario, U.S. airlines are expected to perform very well in the ongoing Thanksgiving week. An upbeat projection for traffic during the Thanksgiving travel period was also mentioned in the previous week’s write up. American Airlines AAL intends to add flights to Phoenix over the Super Bowl weekend in February 2023, anticipating high passenger volumes. Delta Air Lines DAL and partner LATAM Airlines announced that a non-stop flight connecting Sao Paolo and Los Angeles will operate from Jul 1, 2023.
Recap of the Latest Top Stories
1. In October 2022, Allegiant carried 1.25 million passengers, up 12.9% from the October 2019 actuals. Revenue passenger miles (a measure of traffic) and available seat miles (a measure of capacity) increased 20.3% and 17%, respectively, from October 2019 levels. Load factor (% of seats filled by passengers) increased 2.4 points to 85.5% in October 2022, as the traffic increase was more than the capacity expansion. In October 2022, Allegiant carried 7.3% more passengers (system-wide) than in October 2021. Capacity contracted 2.4% from the year-ago comparable month’s reading. Average fuel cost per gallon (estimated) was $3.91 in October 2022.
2. To meet the anticipated demand swell during the Super Bowl weekend next February, American Airlines will reportedly add 91 flights to the Phoenix Sky Harbor International Airport in the Feb 9-Feb 14 time frame. Super Bowl will be played on Feb 12 at the State Farm Stadium in Glendale. Over the five-day period, AAL will operate more than 3,000 flights to/from Phoenix. The day after the Super Bowl (Feb 13) is expected to be extremely hectic, with 548 flights arriving at/departing from the Phoenix Sky Harbor International Airport. American Airlines currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3. The first new market for the joint venture between Delta and the Latin American carrier LATAM Airlines will be Sao Paolo, Brazil. Currently, DAL does not operate flights connecting Los Angeles to Sao Paolo. From Jul 1, the flight will operate thrice a week on the route. A Boeing 777-300ER aircraft will be used for operating flights on the Sao Paolo- Los Angeles route. The jet has a capacity for 410 passengers (38 in the Premium Business cabin, 50 in Economy+ and 322 in Economy). The new route will offer customers access to the largest U.S.-South America market from Los Angeles.
Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
Image Source: Zacks Investment Research
The table above shows all airline stocks have traded in the green over the five trading days. Evidently, the NYSE ARCA Airline Index has increased 1.5% to $61.06 over the past five trading days. Over the past six months, the NYSE ARCA Airline Index has declined 9.5%.
What's Next in the Airline Space?
With the earnings season over, watch this space for the usual news updates.
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 >>
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Allegiant Travel Company (ALGT) : 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 intends to add flights to Phoenix over the Super Bowl weekend in February 2023, anticipating high passenger volumes. Over the five-day period, AAL will operate more than 3,000 flights to/from Phoenix. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report 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 American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL intends to add flights to Phoenix over the Super Bowl weekend in February 2023, anticipating high passenger volumes. Over the five-day period, AAL will operate more than 3,000 flights to/from Phoenix.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL intends to add flights to Phoenix over the Super Bowl weekend in February 2023, anticipating high passenger volumes. Over the five-day period, AAL will operate more than 3,000 flights to/from Phoenix.
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American Airlines AAL intends to add flights to Phoenix over the Super Bowl weekend in February 2023, anticipating high passenger volumes. Over the five-day period, AAL will operate more than 3,000 flights to/from Phoenix. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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3099.0
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2022-11-24 00:00:00 UTC
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Why Is JetBlue (JBLU) Up 6.3% Since Last Earnings Report?
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AAL
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https://www.nasdaq.com/articles/why-is-jetblue-jblu-up-6.3-since-last-earnings-report
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nan
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nan
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It has been about a month since the last earnings report for JetBlue Airways (JBLU). Shares have added about 6.3% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is JetBlue due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Earnings Miss at JetBlue in Q3
JetBlue's third-quarter 2022 earnings (excluding 3 cents from non-recurring items) of 21 cents per share fell short of the Zacks Consensus Estimate of 24 cents. Higher operating expenses hurt the bottom line. Strength in air-travel demand, however, helped JBLU reap a quarterly profit since the onset of the pandemic.
In the year-ago quarter, JBLU incurred a loss of 12 cents per share. Operating revenues of $2,562 million climbed 29.9% year over year and beat the the Zacks Consensus Estimate of $2,559.7 million. The double-digit year-over-year jump reflects improving air-travel demand.
Passenger revenues, accounting for the bulk of the top line (94.3%), increased to $2,415 million in third-quarter 2022 from $1,856 million a year ago when the impact of coronavirus on air-travel demand was more severe. Other revenues rose 27.1% to $147 million.
Other Details
All comparisons are presented on a year-over-year basis. Revenue per available seat mile (RASM: a key measure of unit revenues) in the reported quarter improved 29.6% to 15.80 cents. Passenger revenue per available seat mile (PRASM) rose 29.7% to 14.89 cents owing to better air-travel demand. Average fare at JetBlue during the September quarter increased 12.4% to $229.95. Yield per passenger mile shot up 20.4% year over year to 17.30 cents.
Reflecting the uptick in air-travel demand, consolidated traffic (measured in revenue passenger miles) improved 8.1% in the reported quarter. To cater to this increased demand, capacity (measured in available seat miles) inched up 0.3% to 16,217 million. Consolidated load factor (percentage of seats filled by passengers) increased 6.2 percentage points to 86.1% in the third quarter of 2022 as traffic growth outpaced capacity expansion.
In the third quarter, total operating expenses (on a reported basis) escalated 35.7% to $2,423 million, mainly due to an 86% rise in aircraft fuel expenses and related taxes. Average fuel price per gallon (including related taxes) climbed to $3.84 from $2.08 a year ago, as oil prices move north. JetBlue’s operating expenses per available seat mile (CASM) increased 35.3% to 14.94 cents. Excluding fuel, the metric increased only 3.2% to 9.69 cents.
JetBlue exited the third quarter of 2022 with cash and cash equivalents of $1,401 million compared with $2,018 million at the end of 2021. Total debt at the end of the reported quarter was $3,759 million compared with $4,006 million at 2021 end. During the quarter, JBLU paid off $66 million of debt.
Outlook
While providing guidance for fourth-quarter 2022, management stated that all comparisons are made with respect to the fourth quarter of 2019. Capacity is anticipated to increase in the 1-4% range from fourth-quarter 2019 actuals. CASM, excluding fuel and special items, is predicted to rise 8.5-10.5%.
RASM is forecast to increase in the 15-19% range. Average fuel cost per gallon in the December quarter is estimated to be $3.65. Capital expenditures in the fourth quarter are anticipated to be roughly $420 million. Tax rate is anticipated to be 12%. Number of shares are expected to be roughly 329 million. JBLU expects to be profitable in the December quarter with a pretax margin in mid-single digits.
For 2022, capacity is expected to be flat or increase up to 2% from the 2019 levels. CASM, excluding fuel and special items, is predicted to rise 13-14% from the 2019 actuals. Capital expenditures for 2022 are anticipated to be roughly $1 billion. Current-year interest expenses are forecast in the $160-$170 million band. Tax rate is anticipated to be 14%. Number of shares are expected to be roughly 324 million.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in fresh estimates.
The consensus estimate has shifted 121.71% due to these changes.
VGM Scores
Currently, JetBlue has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, JetBlue has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
JetBlue belongs to the Zacks Transportation - Airline industry. Another stock from the same industry, American Airlines (AAL), has gained 3% over the past month. More than a month has passed since the company reported results for the quarter ended September 2022.
American Airlines reported revenues of $13.46 billion in the last reported quarter, representing a year-over-year change of +50.1%. EPS of $0.69 for the same period compares with -$0.99 a year ago.
American Airlines is expected to post earnings of $0.54 per share for the current quarter, representing a year-over-year change of +138%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.4%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for American Airlines. Also, the stock has a VGM Score of B.
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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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Another stock from the same industry, American Airlines (AAL), has gained 3% over the past month. Click to get this free 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. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
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Click to get this free 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. Another stock from the same industry, American Airlines (AAL), has gained 3% over the past month. Reflecting the uptick in air-travel demand, consolidated traffic (measured in revenue passenger miles) improved 8.1% in the reported quarter.
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Click to get this free 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. Another stock from the same industry, American Airlines (AAL), has gained 3% over the past month. Earnings Miss at JetBlue in Q3 JetBlue's third-quarter 2022 earnings (excluding 3 cents from non-recurring items) of 21 cents per share fell short of the Zacks Consensus Estimate of 24 cents.
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Another stock from the same industry, American Airlines (AAL), has gained 3% over the past month. Click to get this free 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. It has been about a month since the last earnings report for JetBlue Airways (JBLU).
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