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4200.0
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2021-09-16 00:00:00 UTC
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EXCLUSIVE-U.S. to award Newark flights to low-cost carrier
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AAL
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https://www.nasdaq.com/articles/exclusive-u.s.-to-award-newark-flights-to-low-cost-carrier-2021-09-16-0
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nan
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nan
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WASHINGTON, Sept 16 (Reuters) - The Biden administration will announce on Thursday it plans to award 16 slots for flights at Newark International airport in New Jersey to a low-cost carrier to spur competition at the busy northeast U.S. airport, documents seen by Reuters show.
Separately, the Federal Aviation Administration will announce it is extending temporary waivers of minimum flight requirements at some major U.S. airports through late March 2022 because of the coronavirus pandemic, sources said. Airlines can lose their slots at congested airports if they do not use them at least 80% of the time.
(Reporting by David Shepardson and Diane Bartz)
((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.
|
WASHINGTON, Sept 16 (Reuters) - The Biden administration will announce on Thursday it plans to award 16 slots for flights at Newark International airport in New Jersey to a low-cost carrier to spur competition at the busy northeast U.S. airport, documents seen by Reuters show. Separately, the Federal Aviation Administration will announce it is extending temporary waivers of minimum flight requirements at some major U.S. airports through late March 2022 because of the coronavirus pandemic, sources said. Airlines can lose their slots at congested airports if they do not use them at least 80% of the time.
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WASHINGTON, Sept 16 (Reuters) - The Biden administration will announce on Thursday it plans to award 16 slots for flights at Newark International airport in New Jersey to a low-cost carrier to spur competition at the busy northeast U.S. airport, documents seen by Reuters show. Separately, the Federal Aviation Administration will announce it is extending temporary waivers of minimum flight requirements at some major U.S. airports through late March 2022 because of the coronavirus pandemic, sources said. (Reporting by David Shepardson and Diane Bartz) ((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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WASHINGTON, Sept 16 (Reuters) - The Biden administration will announce on Thursday it plans to award 16 slots for flights at Newark International airport in New Jersey to a low-cost carrier to spur competition at the busy northeast U.S. airport, documents seen by Reuters show. Separately, the Federal Aviation Administration will announce it is extending temporary waivers of minimum flight requirements at some major U.S. airports through late March 2022 because of the coronavirus pandemic, sources said. (Reporting by David Shepardson and Diane Bartz) ((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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WASHINGTON, Sept 16 (Reuters) - The Biden administration will announce on Thursday it plans to award 16 slots for flights at Newark International airport in New Jersey to a low-cost carrier to spur competition at the busy northeast U.S. airport, documents seen by Reuters show. Separately, the Federal Aviation Administration will announce it is extending temporary waivers of minimum flight requirements at some major U.S. airports through late March 2022 because of the coronavirus pandemic, sources said. Airlines can lose their slots at congested airports if they do not use them at least 80% of the time.
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4201.0
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2021-09-16 00:00:00 UTC
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European stocks rise on Wall Street support, travel shares jump 3%
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AAL
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https://www.nasdaq.com/articles/european-stocks-rise-on-wall-street-support-travel-shares-jump-3-2021-09-16
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Travel & leisure stocks snap 4-day losing streak
Continental slumps on Vitesco spin-off
Weaker metal prices weigh on miners
Adds comments, updates prices
Sept 16 (Reuters) - European stocks rose on Thursday as a rebound in travel stocks and overnight strength in Wall Street helped offset concerns about China's slowing economy that dragged down miners.
The pan-European STOXX 600 index .STOXX rose 0.7%, bouncing off a six-week closing low hit in the previous session.
Travel & leisure .SXTP jumped 3.1% to break a four-day losing run, while automakers .SXAP rose 0.6% to a one-month high.
Europe's largest low cost carrier Ryanair RYA.I surged 5.6% after it raised its long-term traffic forecast. Rivals easyJet EZJ.L, British Airways-owner IAG IACG.L and Wizz Air WIZZ.L gained almost 4% each.
While Asian stocks came under pressure from concerns about China's economy and the fallout from debt-ridden developer China Evergrande Group's 3333.HK financial troubles, European stocks were on a firm footing as strong U.S. data on Wednesday reinforced optimism about a recovery in the world's largest economy. .SS.N
"Some decent corporate news and an upbeat report from the U.S. manufacturing sector outweighs continuing worries about China which is dragging down mining stocks and other firms with links to the Chinese economy," AJ Bell Investment Director Russ Mould said.
Miners including Rio Tinto RIO.L, Anglo American AAL.L and BHP Group BHPB.L were among the top drags as metal prices fell after China reiterated plans to release more metals from its reserves. MET/L
German automotive supplier Continental AG CONG.DE fell 2.5% to the bottom of STOXX 600 after the spin-off of its unit Vitesco.
The utilities index .SX6P edged up 0.1% after a near 3% fall on Wednesday. Spain passed emergency measures earlier this week to reduce energy bills, raising concerns over the hit to utilities' profits.
Spain's Endesa ELE.MC and Iberdrola IBE.MC extended losses for a third day to fall to their lowest since 2020.
Italy is also looking to introduce short-term measures to offset the expected rise in retail power prices, a minister said in radio interview.
"Stocks in the sector are suffering from the risks of regulatory intervention, as in Spain, and it will be necessary to see how other governments in Europe will intervene," Equita analysts said.
"Current prices do not reflect high energy and gas prices."
Paris Match magazine owner Lagardere LAGA.PA surged 20.3% after media group Vivendi VIV.PA said it would buy another stake in the company, paving the way for a full takeover.
British fashion brand Superdry SDRY.L jumped 14% after it forecast a recovery in full-year 2022 revenue.
European utilities under pressure from regulatory interventionhttps://tmsnrt.rs/2Z6JMxv
(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Miners including Rio Tinto RIO.L, Anglo American AAL.L and BHP Group BHPB.L were among the top drags as metal prices fell after China reiterated plans to release more metals from its reserves. .SS.N "Some decent corporate news and an upbeat report from the U.S. manufacturing sector outweighs continuing worries about China which is dragging down mining stocks and other firms with links to the Chinese economy," AJ Bell Investment Director Russ Mould said. Spain passed emergency measures earlier this week to reduce energy bills, raising concerns over the hit to utilities' profits.
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Miners including Rio Tinto RIO.L, Anglo American AAL.L and BHP Group BHPB.L were among the top drags as metal prices fell after China reiterated plans to release more metals from its reserves. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Travel & leisure stocks snap 4-day losing streak Continental slumps on Vitesco spin-off Weaker metal prices weigh on miners Adds comments, updates prices Sept 16 (Reuters) - European stocks rose on Thursday as a rebound in travel stocks and overnight strength in Wall Street helped offset concerns about China's slowing economy that dragged down miners. European utilities under pressure from regulatory interventionhttps://tmsnrt.rs/2Z6JMxv (Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta) ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Miners including Rio Tinto RIO.L, Anglo American AAL.L and BHP Group BHPB.L were among the top drags as metal prices fell after China reiterated plans to release more metals from its reserves. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Travel & leisure stocks snap 4-day losing streak Continental slumps on Vitesco spin-off Weaker metal prices weigh on miners Adds comments, updates prices Sept 16 (Reuters) - European stocks rose on Thursday as a rebound in travel stocks and overnight strength in Wall Street helped offset concerns about China's slowing economy that dragged down miners. While Asian stocks came under pressure from concerns about China's economy and the fallout from debt-ridden developer China Evergrande Group's 3333.HK financial troubles, European stocks were on a firm footing as strong U.S. data on Wednesday reinforced optimism about a recovery in the world's largest economy.
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Miners including Rio Tinto RIO.L, Anglo American AAL.L and BHP Group BHPB.L were among the top drags as metal prices fell after China reiterated plans to release more metals from its reserves. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Travel & leisure stocks snap 4-day losing streak Continental slumps on Vitesco spin-off Weaker metal prices weigh on miners Adds comments, updates prices Sept 16 (Reuters) - European stocks rose on Thursday as a rebound in travel stocks and overnight strength in Wall Street helped offset concerns about China's slowing economy that dragged down miners. Europe's largest low cost carrier Ryanair RYA.I surged 5.6% after it raised its long-term traffic forecast.
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4202.0
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2021-09-16 00:00:00 UTC
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United Airlines Stock: Should You Buy The Dip?
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AAL
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https://www.nasdaq.com/articles/united-airlines-stock%3A-should-you-buy-the-dip-2021-09-16
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nan
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nan
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[Updated 9/14/2021]
The shares of United Airlines (NASDAQ: UAL) have trended downward due to fears of low air travel demand in the fourth quarter. While the ongoing surge in coronavirus cases due to the delta variant is likely to cause near-term uncertainty, long-term trends look favorable for the stock. As highlighted in our earlier article, United Airlines’ 270 plane order is likely to assist in revenue and margin expansion. Interestingly, the third round of payroll support will support employee salaries through September 30, and passenger numbers at TSA checkpoints have not observed a sharp decline. Also, air travel demand surged during the second quarter as restriction measures were eased – pinning hopes for a similar trajectory after the current surge. Trefis highlights the key factors driving United Airlines’ Valuation including revenues, margins, valuation multiple, and competitive comparison with peers in an interactive dashboard analysis.
[Updated 07/13/2021] – United Airlines’ Aircraft Order To Assist Long-Term Revenue Growth
In a recent move, United Airlines (NASDAQ: UAL) announced a 270-plane order of Boeing 737 Max and Airbus A320s to replace its older regional and mainline aircraft. The new fleet will be 11% more energy efficient and lower carbon emission per seat by 15-20%. Along with better customer experience and a spacious cabin, the company is adding newer destinations and more aircraft options between various U.S. cities. Per Boeing’s commercial market outlook, the passenger air travel market is expected to grow at a single-digit rate in the next twenty years with new orders mainly driven by aircraft replacements. Apart from the earlier provided guidance of complete revenue and EBITDA recovery by 2023, United Airlines’ revenues are likely to observe strong growth post-2023 as new planes are added to the fleet. We highlight the key divisions of United Airlines’ revenues in an interactive dashboard analysis.
Aircraft replacement necessary for margin expansion
Per annual filings, United Airlines’ fleet comprises 812 mainline and 475 regional aircraft. The mainline primarily consists of 136 737-900ER and 141 737-800 aircraft types. The regional fleet is made up of 190 Embraer and 133 CRJ 200. The recently released aircraft retiral program mostly includes smaller mainline jets and 200 regional jets to be replaced over the next couple of years. With 500 new airplanes in the order book, 40% of United’s fleet will be comprised of newer aircraft – leading to substantial fuel savings and margin expansion.
Travel demand and new retirement plan to push top line higher
United Airlines’ revenues increased by 14% from $38 billion in 2017 to $43 billion in 2019, driven by rising capacity and ticket prices. Revenues are likely to continue the growth trajectory in the post-pandemic period as occupancy rates improve. Notably, passenger numbers at TSA checkpoints have reached almost 20% below 2019 figures assisted by recovering travel and the tourism sector. Also, the third round of payroll support requires airlines to suspend dividends and share repurchases until September 2022 – highlighting the requirement of strong cash generation to reinstate shareholder returns.
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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[Updated 9/14/2021] The shares of United Airlines (NASDAQ: UAL) have trended downward due to fears of low air travel demand in the fourth quarter. While the ongoing surge in coronavirus cases due to the delta variant is likely to cause near-term uncertainty, long-term trends look favorable for the stock. With 500 new airplanes in the order book, 40% of United’s fleet will be comprised of newer aircraft – leading to substantial fuel savings and margin expansion.
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Trefis highlights the key factors driving United Airlines’ Valuation including revenues, margins, valuation multiple, and competitive comparison with peers in an interactive dashboard analysis. [Updated 07/13/2021] – United Airlines’ Aircraft Order To Assist Long-Term Revenue Growth In a recent move, United Airlines (NASDAQ: UAL) announced a 270-plane order of Boeing 737 Max and Airbus A320s to replace its older regional and mainline aircraft. Aircraft replacement necessary for margin expansion Per annual filings, United Airlines’ fleet comprises 812 mainline and 475 regional aircraft.
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[Updated 07/13/2021] – United Airlines’ Aircraft Order To Assist Long-Term Revenue Growth In a recent move, United Airlines (NASDAQ: UAL) announced a 270-plane order of Boeing 737 Max and Airbus A320s to replace its older regional and mainline aircraft. Apart from the earlier provided guidance of complete revenue and EBITDA recovery by 2023, United Airlines’ revenues are likely to observe strong growth post-2023 as new planes are added to the fleet. Aircraft replacement necessary for margin expansion Per annual filings, United Airlines’ fleet comprises 812 mainline and 475 regional aircraft.
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As highlighted in our earlier article, United Airlines’ 270 plane order is likely to assist in revenue and margin expansion. [Updated 07/13/2021] – United Airlines’ Aircraft Order To Assist Long-Term Revenue Growth In a recent move, United Airlines (NASDAQ: UAL) announced a 270-plane order of Boeing 737 Max and Airbus A320s to replace its older regional and mainline aircraft. Aircraft replacement necessary for margin expansion Per annual filings, United Airlines’ fleet comprises 812 mainline and 475 regional aircraft.
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4203.0
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2021-09-16 00:00:00 UTC
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European stocks rise on travel rebound, gains in Wall Street
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AAL
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https://www.nasdaq.com/articles/european-stocks-rise-on-travel-rebound-gains-in-wall-street-2021-09-16
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Sept 16 (Reuters) - European stocks rose on Thursday as a rebound in travel stocks and overnight strength in Wall Street helped offset concerns about China's slowing economy that dragged down miners.
The pan-European STOXX 600 index .STOXX rose 0.6% by 0717 GMT, bouncing off a six-week closing low hit in the previous session. Travel & leisure .SXTP added 1.6%, while automakers .SXAP rose 1.2%.
Miners including Rio Tinto RIO.L, Anglo American AAL.L and BHP Group BHPB.L were among the top drags as metal prices fell after China reiterated plans to release more metals from its reserves. MET/L
German automotive supplier Continental AG CONG.DE slumped 11.7% to the bottom of STOXX 600 after the spin-off of its unit Vitesco.
Utilities .SX6P inched up 0.2%, still under pressure amid concerns over measures to reduce energy bills in Spain and elsewhere. The index fell almost 3% on Wednesday.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Miners including Rio Tinto RIO.L, Anglo American AAL.L and BHP Group BHPB.L were among the top drags as metal prices fell after China reiterated plans to release more metals from its reserves. The pan-European STOXX 600 index .STOXX rose 0.6% by 0717 GMT, bouncing off a six-week closing low hit in the previous session. MET/L German automotive supplier Continental AG CONG.DE slumped 11.7% to the bottom of STOXX 600 after the spin-off of its unit Vitesco.
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Miners including Rio Tinto RIO.L, Anglo American AAL.L and BHP Group BHPB.L were among the top drags as metal prices fell after China reiterated plans to release more metals from its reserves. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Sept 16 (Reuters) - European stocks rose on Thursday as a rebound in travel stocks and overnight strength in Wall Street helped offset concerns about China's slowing economy that dragged down miners. The pan-European STOXX 600 index .STOXX rose 0.6% by 0717 GMT, bouncing off a six-week closing low hit in the previous session.
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Miners including Rio Tinto RIO.L, Anglo American AAL.L and BHP Group BHPB.L were among the top drags as metal prices fell after China reiterated plans to release more metals from its reserves. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Sept 16 (Reuters) - European stocks rose on Thursday as a rebound in travel stocks and overnight strength in Wall Street helped offset concerns about China's slowing economy that dragged down miners. The pan-European STOXX 600 index .STOXX rose 0.6% by 0717 GMT, bouncing off a six-week closing low hit in the previous session.
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Miners including Rio Tinto RIO.L, Anglo American AAL.L and BHP Group BHPB.L were among the top drags as metal prices fell after China reiterated plans to release more metals from its reserves. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Sept 16 (Reuters) - European stocks rose on Thursday as a rebound in travel stocks and overnight strength in Wall Street helped offset concerns about China's slowing economy that dragged down miners. The pan-European STOXX 600 index .STOXX rose 0.6% by 0717 GMT, bouncing off a six-week closing low hit in the previous session.
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4204.0
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2021-09-15 00:00:00 UTC
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Consumer Sector Update for 09/15/2021: GOL,AAL,YUMC,KAVL
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AAL
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https://www.nasdaq.com/articles/consumer-sector-update-for-09-15-2021%3A-golaalyumckavl-2021-09-15
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nan
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nan
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Consumer stocks were moderately higher Wednesday afternoon, with the Consumer Staples Select Sector SPDR ETF (XLP) climbing 0.4% while the Consumer Discretionary Select Sector SPDR (XLY) ticked up 0.1%.
In company news, Gol Linhas (GOL) shares rose 3.7% after the Brazilian carrier said American Airlines (AAL) invested $200 million in its preferred shares under an expanded three-year code-sharing agreement . American Airlines shares were narrowly lower this afternoon.
Yum China (YUMC) dropped 6.3% after the restaurant company late Tuesday warned its non-GAAP Q3 adjusted operating profit is likely to decline 50% to 60% from year-ago levels because of local lockdowns in China following a spike in COVID-19 cases tied to the delta variant of the virus.
Kaival Brands (KAVL) fell almost 47% at one point Wednesday to a record low of $2.41 a share after the electronic cigarettes distributor reported an 89.5% year-over-year decline in Q3 revenue, with the company saying many retailers were reluctant to take on new products while US regulators were deciding whether those products could be sold. It also slashed its forecast for FY21 revenue to $68 million from prior guidance for $400 mllion in sales for 12 months ending Oct. 31.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In company news, Gol Linhas (GOL) shares rose 3.7% after the Brazilian carrier said American Airlines (AAL) invested $200 million in its preferred shares under an expanded three-year code-sharing agreement . Yum China (YUMC) dropped 6.3% after the restaurant company late Tuesday warned its non-GAAP Q3 adjusted operating profit is likely to decline 50% to 60% from year-ago levels because of local lockdowns in China following a spike in COVID-19 cases tied to the delta variant of the virus. Kaival Brands (KAVL) fell almost 47% at one point Wednesday to a record low of $2.41 a share after the electronic cigarettes distributor reported an 89.5% year-over-year decline in Q3 revenue, with the company saying many retailers were reluctant to take on new products while US regulators were deciding whether those products could be sold.
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In company news, Gol Linhas (GOL) shares rose 3.7% after the Brazilian carrier said American Airlines (AAL) invested $200 million in its preferred shares under an expanded three-year code-sharing agreement . Consumer stocks were moderately higher Wednesday afternoon, with the Consumer Staples Select Sector SPDR ETF (XLP) climbing 0.4% while the Consumer Discretionary Select Sector SPDR (XLY) ticked up 0.1%. American Airlines shares were narrowly lower this afternoon.
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In company news, Gol Linhas (GOL) shares rose 3.7% after the Brazilian carrier said American Airlines (AAL) invested $200 million in its preferred shares under an expanded three-year code-sharing agreement . Consumer stocks were moderately higher Wednesday afternoon, with the Consumer Staples Select Sector SPDR ETF (XLP) climbing 0.4% while the Consumer Discretionary Select Sector SPDR (XLY) ticked up 0.1%. Kaival Brands (KAVL) fell almost 47% at one point Wednesday to a record low of $2.41 a share after the electronic cigarettes distributor reported an 89.5% year-over-year decline in Q3 revenue, with the company saying many retailers were reluctant to take on new products while US regulators were deciding whether those products could be sold.
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In company news, Gol Linhas (GOL) shares rose 3.7% after the Brazilian carrier said American Airlines (AAL) invested $200 million in its preferred shares under an expanded three-year code-sharing agreement . Consumer stocks were moderately higher Wednesday afternoon, with the Consumer Staples Select Sector SPDR ETF (XLP) climbing 0.4% while the Consumer Discretionary Select Sector SPDR (XLY) ticked up 0.1%. American Airlines shares were narrowly lower this afternoon.
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4205.0
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2021-09-15 00:00:00 UTC
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Consumer Sector Update for 09/15/2021: BROS,GOL,AAL,YUMC,KAVL
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AAL
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https://www.nasdaq.com/articles/consumer-sector-update-for-09-15-2021%3A-brosgolaalyumckavl-2021-09-15
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nan
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nan
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Consumer stocks were higher late in Wednesday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 0.4% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was rising 0.7% following an afternoon rebound.
In company news, Dutch Bros (BROS) was over 66% higher late in its first day as a publicly-traded company, recently climbing more than 74% to an intra-day high of $40.10 a share, after pricing the coffee-shop chain priced a $484.2 million initial public offering of more than 21 million shares at $23 apiece, topping its expected $18 to $20 per share range.
Gol Linhas (GOL) shares rose 3.9% after the Brazilian carrier said American Airlines (AAL) invested $200 million in its preferred shares under an expanded three-year code-sharing agreement. American Airlines shares were 1% higher shortly before Wednesday's closing bell.
Among decliners, Yum China (YUMC) dropped 5.6% after the restaurant company late Tuesday warned its non-GAAP Q3 adjusted operating profit is likely to decline 50% to 60% from year-ago levels because of local lockdowns in China following a spike in COVID-19 cases tied to the delta variant of the virus.
Kaival Brands (KAVL) fell almost 47% at one point Wednesday to a record low of $2.41 a share after the electronic cigarettes distributor reported an 89.5% year-over-year decline in Q3 revenue, with the company saying many retailers were reluctant to take on new products while US regulators were deciding whether those products could be sold. It also slashed its forecast for FY21 revenue to $68 million from prior guidance for $400 million in sales for 12 months ending Oct. 31.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Gol Linhas (GOL) shares rose 3.9% after the Brazilian carrier said American Airlines (AAL) invested $200 million in its preferred shares under an expanded three-year code-sharing agreement. American Airlines shares were 1% higher shortly before Wednesday's closing bell. Among decliners, Yum China (YUMC) dropped 5.6% after the restaurant company late Tuesday warned its non-GAAP Q3 adjusted operating profit is likely to decline 50% to 60% from year-ago levels because of local lockdowns in China following a spike in COVID-19 cases tied to the delta variant of the virus.
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Gol Linhas (GOL) shares rose 3.9% after the Brazilian carrier said American Airlines (AAL) invested $200 million in its preferred shares under an expanded three-year code-sharing agreement. Consumer stocks were higher late in Wednesday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 0.4% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was rising 0.7% following an afternoon rebound. In company news, Dutch Bros (BROS) was over 66% higher late in its first day as a publicly-traded company, recently climbing more than 74% to an intra-day high of $40.10 a share, after pricing the coffee-shop chain priced a $484.2 million initial public offering of more than 21 million shares at $23 apiece, topping its expected $18 to $20 per share range.
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Gol Linhas (GOL) shares rose 3.9% after the Brazilian carrier said American Airlines (AAL) invested $200 million in its preferred shares under an expanded three-year code-sharing agreement. Consumer stocks were higher late in Wednesday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 0.4% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was rising 0.7% following an afternoon rebound. In company news, Dutch Bros (BROS) was over 66% higher late in its first day as a publicly-traded company, recently climbing more than 74% to an intra-day high of $40.10 a share, after pricing the coffee-shop chain priced a $484.2 million initial public offering of more than 21 million shares at $23 apiece, topping its expected $18 to $20 per share range.
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Gol Linhas (GOL) shares rose 3.9% after the Brazilian carrier said American Airlines (AAL) invested $200 million in its preferred shares under an expanded three-year code-sharing agreement. Consumer stocks were higher late in Wednesday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 0.4% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was rising 0.7% following an afternoon rebound. In company news, Dutch Bros (BROS) was over 66% higher late in its first day as a publicly-traded company, recently climbing more than 74% to an intra-day high of $40.10 a share, after pricing the coffee-shop chain priced a $484.2 million initial public offering of more than 21 million shares at $23 apiece, topping its expected $18 to $20 per share range.
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4206.0
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2021-09-15 00:00:00 UTC
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EMERGING MARKETS-Chilean peso leads Latam FX higher after c.bank minutes
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AAL
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https://www.nasdaq.com/articles/emerging-markets-chilean-peso-leads-latam-fx-higher-after-c.bank-minutes-2021-09-15
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nan
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nan
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By Susan Mathew and Shreyashi Sanyal
Sept 15 (Reuters) - Hawkish central bank minutes lifted Chile's peso on Wednesday, while Bradespar BRAP4.SA, one of the biggest shareholders of Brazilian miner Vale VALE3.SA, surged on a plan to distribute almost $1 billion in Vale shares.
The Chilean currency CLP= rose 0.8%, extending gains to a fourth straight session.
Along with a boost from rising copper prices, Chile's central bank minutes that showed a 75-basis-point hike in the key interest rate last month was a unanimous decision as the economy recovered strongly from the fallout of the COVID-19 pandemic.
"The (central bank's) Board reiterated the message to bring the rate to neutral by the first half of 2022, which translates into 50 to 75bp hikes over several meetings," strategists at Citi said in a note to clients.
"Markets are already pricing 275bp in hikes over the next 12 months," they said.
Most other Latin American currencies also rose as the dollar weakened, with all eyes on next week's U.S. Federal Reserve policy decision. FRX/
Colombia's currency COP= gained 0.3%. The government on Tuesday signed a heavily revised tax reform bill into law. Citi strategists said the law will help stabilize debt levels but not reduce it considerably.
"For debt convergence, a new tax reform is necessary in the next administration. Meanwhile, the current bill limits the next administration's fiscal space ... as part of the new fiscal rule ..."
Brazil's real BRBY was 0.2% higher after data showed the country's economic activity rose more than expected in July.
The real BRL= is down about 2% so far this month, underperforming regional peers as well as a broad index of emerging market currencies, as political tensions rise.
Meanwhile, losses on Sao Paulo's main equity index .BVSP were capped by a 5.1% jump in holding company Bradespar SA after it announced its plan for distributing shares of Vale SA.
Bradespar, owns a 5.73% stake in Vale, worth 27.6 billion reais based on Tuesday's closing price, and after the distribution its stake will be 3.23%.
Airline Gol GOLL4.SA shares rose 3.8% after announcing an exclusive code-share agreement with American Airlines AAL.O, under which it will receive a $200 million equity investment.
In Argentina, data on Tuesday showed inflation rose 2.5% in August, the least in over a year, but the annual rate still stands at 51.4%. Analysts at Credit Suisse expect inflation to end the year at 50%.
Argentina's draft budget, expected to be unveiled this week, would include plans for economic growth of between 3% and 4% in 2022, a government source told Reuters on Tuesday, slightly lower than targets the government had previously flagged.
Key Latin American stock indexes and currencies at 1912 GMT:
Stock indexes
Latest
Daily % change
MSCI Emerging Markets .MSCIEF
1289.03
-0.55
MSCI LatAm .MILA00000PUS
2404.23
-0.48
Brazil Bovespa .BVSP
115160.06
-0.88
Mexico IPC .MXX
52229.97
0.8
Chile IPSA .SPIPSA
4433.85
0.55
Argentina MerVal .MERV
77192.96
-2.274
Colombia COLCAP .COLCAP
1322.47
0.93
Currencies
Latest
Daily % change
Brazil real BRBY
5.2463
0.23
Mexico peso MXN=D2
19.8656
0.19
Chile peso CLP=CL
777.4
0.77
Colombia peso COP=
3807.57
0.54
Peru sol PEN=PE
4.1001
-0.13
Argentina peso (interbank) ARS=RASL
98.2500
-0.03
Argentina peso (parallel) ARSB=
182
0.27
(Reporting by Susan Mathew and Shreyashi Sanyal in Bengaluru; editing by Jonathan Oatis)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Airline Gol GOLL4.SA shares rose 3.8% after announcing an exclusive code-share agreement with American Airlines AAL.O, under which it will receive a $200 million equity investment. Along with a boost from rising copper prices, Chile's central bank minutes that showed a 75-basis-point hike in the key interest rate last month was a unanimous decision as the economy recovered strongly from the fallout of the COVID-19 pandemic. "The (central bank's) Board reiterated the message to bring the rate to neutral by the first half of 2022, which translates into 50 to 75bp hikes over several meetings," strategists at Citi said in a note to clients.
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Airline Gol GOLL4.SA shares rose 3.8% after announcing an exclusive code-share agreement with American Airlines AAL.O, under which it will receive a $200 million equity investment. By Susan Mathew and Shreyashi Sanyal Sept 15 (Reuters) - Hawkish central bank minutes lifted Chile's peso on Wednesday, while Bradespar BRAP4.SA, one of the biggest shareholders of Brazilian miner Vale VALE3.SA, surged on a plan to distribute almost $1 billion in Vale shares. Along with a boost from rising copper prices, Chile's central bank minutes that showed a 75-basis-point hike in the key interest rate last month was a unanimous decision as the economy recovered strongly from the fallout of the COVID-19 pandemic.
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Airline Gol GOLL4.SA shares rose 3.8% after announcing an exclusive code-share agreement with American Airlines AAL.O, under which it will receive a $200 million equity investment. By Susan Mathew and Shreyashi Sanyal Sept 15 (Reuters) - Hawkish central bank minutes lifted Chile's peso on Wednesday, while Bradespar BRAP4.SA, one of the biggest shareholders of Brazilian miner Vale VALE3.SA, surged on a plan to distribute almost $1 billion in Vale shares. Along with a boost from rising copper prices, Chile's central bank minutes that showed a 75-basis-point hike in the key interest rate last month was a unanimous decision as the economy recovered strongly from the fallout of the COVID-19 pandemic.
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Airline Gol GOLL4.SA shares rose 3.8% after announcing an exclusive code-share agreement with American Airlines AAL.O, under which it will receive a $200 million equity investment. By Susan Mathew and Shreyashi Sanyal Sept 15 (Reuters) - Hawkish central bank minutes lifted Chile's peso on Wednesday, while Bradespar BRAP4.SA, one of the biggest shareholders of Brazilian miner Vale VALE3.SA, surged on a plan to distribute almost $1 billion in Vale shares. The government on Tuesday signed a heavily revised tax reform bill into law.
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4207.0
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2021-09-15 00:00:00 UTC
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Brazil's Gol receives $200 mln from American Airlines as codeshare agreement upgraded
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AAL
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https://www.nasdaq.com/articles/brazils-gol-receives-%24200-mln-from-american-airlines-as-codeshare-agreement-upgraded-2021
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nan
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nan
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SAO PAULO, Sept 15 (Reuters) - Brazilian airline Gol GOLL4.SA announced an exclusive codeshare agreement with American Airlines AAL.O valid for three years, adding that the U.S. company will make a $200 million equity investment in the company as part of the agreement, according to a securities filing on Wednesday.
Gol said the new agreement builds on a previous codeshare arrangement between the two companies, and will increase options for Gol travellers on South and North American routes.
(Reporting by Ana Mano, editing by Louise Heavens)
((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.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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SAO PAULO, Sept 15 (Reuters) - Brazilian airline Gol GOLL4.SA announced an exclusive codeshare agreement with American Airlines AAL.O valid for three years, adding that the U.S. company will make a $200 million equity investment in the company as part of the agreement, according to a securities filing on Wednesday. Gol said the new agreement builds on a previous codeshare arrangement between the two companies, and will increase options for Gol travellers on South and North American routes. (Reporting by Ana Mano, editing by Louise Heavens) ((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.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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SAO PAULO, Sept 15 (Reuters) - Brazilian airline Gol GOLL4.SA announced an exclusive codeshare agreement with American Airlines AAL.O valid for three years, adding that the U.S. company will make a $200 million equity investment in the company as part of the agreement, according to a securities filing on Wednesday. Gol said the new agreement builds on a previous codeshare arrangement between the two companies, and will increase options for Gol travellers on South and North American routes. (Reporting by Ana Mano, editing by Louise Heavens) ((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.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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SAO PAULO, Sept 15 (Reuters) - Brazilian airline Gol GOLL4.SA announced an exclusive codeshare agreement with American Airlines AAL.O valid for three years, adding that the U.S. company will make a $200 million equity investment in the company as part of the agreement, according to a securities filing on Wednesday. Gol said the new agreement builds on a previous codeshare arrangement between the two companies, and will increase options for Gol travellers on South and North American routes. (Reporting by Ana Mano, editing by Louise Heavens) ((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.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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SAO PAULO, Sept 15 (Reuters) - Brazilian airline Gol GOLL4.SA announced an exclusive codeshare agreement with American Airlines AAL.O valid for three years, adding that the U.S. company will make a $200 million equity investment in the company as part of the agreement, according to a securities filing on Wednesday. Gol said the new agreement builds on a previous codeshare arrangement between the two companies, and will increase options for Gol travellers on South and North American routes. (Reporting by Ana Mano, editing by Louise Heavens) ((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.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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4208.0
|
2021-09-15 00:00:00 UTC
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Brazil's GOL To Receive Equity Investment Of $200 Mln From American Airlines
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AAL
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https://www.nasdaq.com/articles/brazils-gol-to-receive-equity-investment-of-%24200-mln-from-american-airlines-2021-09-15
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nan
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nan
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(RTTNews) - Brazil's GOL Linhas Aéreas Inteligentes S.A. (GOL) agreed to expand its commercial cooperation with American Airlines Group Inc. (AAL) through a codeshare agreement for the next three years. As part of the Agreement, GOL will receive an equity investment of US$200 million from American Airlines.
GOL's network services 63 destinations in Brazil as well as 140 international through codeshare agreements. The company recently confirmed that Cancun (Mexico) and Punta Cana (Dominican Republic) will be its first international routes to reopen since the beginning of the Covid-19 pandemic. GOL will begin to operate flights on those routes by mid-November 2021.
American will invest US$200 million in 22.2 million newly issued preferred shares of GOL in a capital increase, for a 5.2% participation in the Company's economic interest at a price of US$9.00 per preferred share.
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) - Brazil's GOL Linhas Aéreas Inteligentes S.A. (GOL) agreed to expand its commercial cooperation with American Airlines Group Inc. (AAL) through a codeshare agreement for the next three years. As part of the Agreement, GOL will receive an equity investment of US$200 million from American Airlines. GOL's network services 63 destinations in Brazil as well as 140 international through codeshare agreements.
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(RTTNews) - Brazil's GOL Linhas Aéreas Inteligentes S.A. (GOL) agreed to expand its commercial cooperation with American Airlines Group Inc. (AAL) through a codeshare agreement for the next three years. As part of the Agreement, GOL will receive an equity investment of US$200 million from American Airlines. American will invest US$200 million in 22.2 million newly issued preferred shares of GOL in a capital increase, for a 5.2% participation in the Company's economic interest at a price of US$9.00 per preferred share.
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(RTTNews) - Brazil's GOL Linhas Aéreas Inteligentes S.A. (GOL) agreed to expand its commercial cooperation with American Airlines Group Inc. (AAL) through a codeshare agreement for the next three years. American will invest US$200 million in 22.2 million newly issued preferred shares of GOL in a capital increase, for a 5.2% participation in the Company's economic interest at a price of US$9.00 per preferred share. 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) - Brazil's GOL Linhas Aéreas Inteligentes S.A. (GOL) agreed to expand its commercial cooperation with American Airlines Group Inc. (AAL) through a codeshare agreement for the next three years. As part of the Agreement, GOL will receive an equity investment of US$200 million from American Airlines. The company recently confirmed that Cancun (Mexico) and Punta Cana (Dominican Republic) will be its first international routes to reopen since the beginning of the Covid-19 pandemic.
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4209.0
|
2021-09-15 00:00:00 UTC
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Brazil's Gol to receive $200 mln from American Airlines as codeshare agreement upgraded
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AAL
|
https://www.nasdaq.com/articles/brazils-gol-to-receive-%24200-mln-from-american-airlines-as-codeshare-agreement-upgraded
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nan
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nan
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Adds details on deal and executive quotes
SAO PAULO, Sept 15 (Reuters) - Brazilian airline Gol GOLL4.SA announced an exclusive codeshare agreement with American Airlines AAL.O valid for three years, adding it will receive a $200 million equity investment as part of the deal, according to a securities filing on Wednesday.
Gol said the new agreement builds on a previous codeshare arrangement between the two companies, and will increase options for Gol travellers on South and North American routes.
American Airlines' investment in Gol is expected to happen via sale of 22.2 million recently issued preferred shares by the Brazilian airline, taking the U.S. firm's stake in Gol to 5.2%.
"We believe it will further strengthen Gol's presence on international markets, accelerate our long-term growth and maximize value for our shareholders", Gol Chief Executive Officer Paulo Kakinoff said.
(Reporting by Ana Mano and Gabriel Araujo, editing by Louise Heavens)
((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.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.
|
Adds details on deal and executive quotes SAO PAULO, Sept 15 (Reuters) - Brazilian airline Gol GOLL4.SA announced an exclusive codeshare agreement with American Airlines AAL.O valid for three years, adding it will receive a $200 million equity investment as part of the deal, according to a securities filing on Wednesday. American Airlines' investment in Gol is expected to happen via sale of 22.2 million recently issued preferred shares by the Brazilian airline, taking the U.S. firm's stake in Gol to 5.2%. (Reporting by Ana Mano and Gabriel Araujo, editing by Louise Heavens) ((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.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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Adds details on deal and executive quotes SAO PAULO, Sept 15 (Reuters) - Brazilian airline Gol GOLL4.SA announced an exclusive codeshare agreement with American Airlines AAL.O valid for three years, adding it will receive a $200 million equity investment as part of the deal, according to a securities filing on Wednesday. American Airlines' investment in Gol is expected to happen via sale of 22.2 million recently issued preferred shares by the Brazilian airline, taking the U.S. firm's stake in Gol to 5.2%. "We believe it will further strengthen Gol's presence on international markets, accelerate our long-term growth and maximize value for our shareholders", Gol Chief Executive Officer Paulo Kakinoff said.
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Adds details on deal and executive quotes SAO PAULO, Sept 15 (Reuters) - Brazilian airline Gol GOLL4.SA announced an exclusive codeshare agreement with American Airlines AAL.O valid for three years, adding it will receive a $200 million equity investment as part of the deal, according to a securities filing on Wednesday. American Airlines' investment in Gol is expected to happen via sale of 22.2 million recently issued preferred shares by the Brazilian airline, taking the U.S. firm's stake in Gol to 5.2%. (Reporting by Ana Mano and Gabriel Araujo, editing by Louise Heavens) ((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.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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Adds details on deal and executive quotes SAO PAULO, Sept 15 (Reuters) - Brazilian airline Gol GOLL4.SA announced an exclusive codeshare agreement with American Airlines AAL.O valid for three years, adding it will receive a $200 million equity investment as part of the deal, according to a securities filing on Wednesday. Gol said the new agreement builds on a previous codeshare arrangement between the two companies, and will increase options for Gol travellers on South and North American routes. American Airlines' investment in Gol is expected to happen via sale of 22.2 million recently issued preferred shares by the Brazilian airline, taking the U.S. firm's stake in Gol to 5.2%.
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4210.0
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2021-09-14 00:00:00 UTC
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Interesting AAL Put And Call Options For January 2024
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AAL
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https://www.nasdaq.com/articles/interesting-aal-put-and-call-options-for-january-2024-2021-09-14
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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 this week, for the January 2024 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 857 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 January 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $15.00 strike price has a current bid of $1.26. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $15.00, but will also collect the premium, putting the cost basis of the shares at $13.74 (before broker commissions). To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $19.17/share today.
Because the $15.00 strike represents an approximate 22% 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 76%. 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 8.40% return on the cash commitment, or 3.58% 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 $15.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $40.00 strike price has a current bid of $1.30. If an investor was to purchase shares of AAL stock at the current price level of $19.17/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $40.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 115.44% if the stock gets called away at the January 2024 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 $40.00 strike highlighted in red:
Considering the fact that the $40.00 strike represents an approximate 109% 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 73%. 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 6.78% boost of extra return to the investor, or 2.89% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 53%, while the implied volatility in the call contract example is 52%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $19.17) to be 52%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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 $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 109% 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 this week, for the January 2024 expiration.
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Below is a chart showing AAL's trailing twelve month trading history, with the $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 109% 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 this week, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new January 2024 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 $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 109% 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 this week, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new January 2024 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 January 2024 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 $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 109% 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 this week, for the January 2024 expiration.
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4211.0
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2021-09-14 00:00:00 UTC
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Delta Air Lines Continues Its Run of Outperformance
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AAL
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https://www.nasdaq.com/articles/delta-air-lines-continues-its-run-of-outperformance-2021-09-14
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nan
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nan
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Two months ago, most airline executives were extremely bullish about the rest of 2021. A strong rebound in leisure demand led to packed planes and high fares during the summer peak season. Meanwhile, airlines saw growing signs that business travel demand would begin to recover in earnest after Labor Day.
Alas, the summer surge in U.S. COVID-19 cases and hospitalizations undermined this demand recovery. Last week, U.S. airline giants Delta Air Lines (NYSE: DAL), American Airlines (NASDAQ: AAL), and United Airlines (NASDAQ: UAL) all slashed their Q3 forecasts. However, Delta is set to record an adjusted profit for the quarter anyway, continuing its long run of outperformance.
Delta trims guidance
Two months ago, Delta Air Lines projected that third-quarter revenue would decline 30% to 35% compared with 2019 on 28% to 30% less capacity. This performance implied a low- to mid-single-digit decline in unit revenue from pre-pandemic levels.
Delta did anticipate that adjusted nonfuel unit costs would jump 11% to 14% relative to Q3 2019, largely because of the impact of lower capacity and costs of rebuilding the airline. Nevertheless, this outlook implied that Delta would post a solid quarterly profit, excluding the benefit from the final round of federal payroll support for airlines. For comparison, it posted an adjusted pre-tax loss of $881 million in the second quarter.
Image source: Delta Air Lines.
On Thursday, Delta Air Lines reduced its quarterly forecast. It now expects revenue to wind up near the low end of its initial guidance range -- down 35% from 2019 -- as the latest wave of the pandemic led to a pause in the business travel recovery. Delta also said it now expects adjusted nonfuel unit costs to rise 15%, largely because of increased labor costs.
On the flip side, the carrier reduced its fuel price estimate by about 6%, more or less offsetting the increase to its nonfuel cost outlook. As a result, Delta remains on track to post an adjusted profit this quarter, albeit with a lower margin than it initially projected.
Deeper cuts at American and United
American Airlines and United Airlines had to make even sharper reductions to their forecasts. American had expected to lose money all along. It initially estimated that revenue would decline 20% from Q3 2019 on a 15% to 20% capacity reduction, while adjusted nonfuel unit costs would rise 8% to 12%. This outlook translated to an adjusted pre-tax margin guidance range of minus-3% to minus-7%.
Now, American expects total revenue to fall 24% to 28% from Q3 2019. That forced it to slash its pre-tax margin forecast by 7 percentage points, to a range of minus-10% to minus-14%.
United Airlines is doing a little better than American. Entering the quarter, it expected unit revenue to grow slightly relative to Q3 2019. That would have enabled it to post an adjusted profit despite a projected 17% jump in adjusted nonfuel unit costs.
Image source: United Airlines.
Now, United estimates that revenue will fall about 33% on a capacity decrease of at least 28%, implying a unit revenue decline of up to 7%. While unit costs may come in slightly better than previously expected, the carrier now expects to post an adjusted pre-tax loss this quarter. United Airlines also walked back its previous projection that it would make money in the fourth quarter.
Delta's industry leadership continues
For several years before the pandemic, Delta Air Lines consistently generated the strongest margins among the three big network airlines. In recent years, United Airlines executives have sounded optimistic about closing that profitability gap. United's initial forecast for the third quarter suggested that it was making progress toward that goal.
Instead, Delta Air Lines' margin premium compared with United Airlines' will probably remain roughly similar to where it stood before the pandemic. Meanwhile, longtime underperformer American Airlines is falling even further behind its rivals.
Delta is well positioned to maintain its superior profitability as the industry recovers from the pandemic. Last year, the company implemented a plan to dramatically simplify its fleet by the end of 2025, while replacing many of its oldest planes with state-of-the-art models such as the Airbus A321neo. This plan should meaningfully reduce Delta's unit costs over the next five years, boosting its earnings to record levels.
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Adam Levine-Weinberg owns shares of Delta Air Lines. The Motley Fool recommends Delta Air Lines. 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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Last week, U.S. airline giants Delta Air Lines (NYSE: DAL), American Airlines (NASDAQ: AAL), and United Airlines (NASDAQ: UAL) all slashed their Q3 forecasts. Nevertheless, this outlook implied that Delta would post a solid quarterly profit, excluding the benefit from the final round of federal payroll support for airlines. It now expects revenue to wind up near the low end of its initial guidance range -- down 35% from 2019 -- as the latest wave of the pandemic led to a pause in the business travel recovery.
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Last week, U.S. airline giants Delta Air Lines (NYSE: DAL), American Airlines (NASDAQ: AAL), and United Airlines (NASDAQ: UAL) all slashed their Q3 forecasts. Delta trims guidance Two months ago, Delta Air Lines projected that third-quarter revenue would decline 30% to 35% compared with 2019 on 28% to 30% less capacity. Delta also said it now expects adjusted nonfuel unit costs to rise 15%, largely because of increased labor costs.
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Last week, U.S. airline giants Delta Air Lines (NYSE: DAL), American Airlines (NASDAQ: AAL), and United Airlines (NASDAQ: UAL) all slashed their Q3 forecasts. Delta did anticipate that adjusted nonfuel unit costs would jump 11% to 14% relative to Q3 2019, largely because of the impact of lower capacity and costs of rebuilding the airline. Deeper cuts at American and United American Airlines and United Airlines had to make even sharper reductions to their forecasts.
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Last week, U.S. airline giants Delta Air Lines (NYSE: DAL), American Airlines (NASDAQ: AAL), and United Airlines (NASDAQ: UAL) all slashed their Q3 forecasts. On Thursday, Delta Air Lines reduced its quarterly forecast. As a result, Delta remains on track to post an adjusted profit this quarter, albeit with a lower margin than it initially projected.
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4212.0
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2021-09-13 00:00:00 UTC
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3 Airline Stocks That Are Cleared For Takeoff
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AAL
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https://www.nasdaq.com/articles/3-airline-stocks-that-are-cleared-for-takeoff-2021-09-13
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Airline stocks were on the move Thursday, with market-beating gains across the board.
Though they closed off the highs, the relative strength was still impressive. In addition, from a market capitalization perspective, small-caps saw heavy rotation into them early in the day. This provided a tailwind for the rally attempt for airlines.
The various air carriers have seen their share prices suffer over the past two quarters. I’ve been on the lookout for bottoming patterns and other signs that buyers were finally returning. Thursday was one such potential signal. Time and follow-through are needed to confirm the reversal, but now is as good a time as any to tee up trade ideas and otherwise prepare positions so you can enter when confirmation arrives.
7 of the Best Large-Cap Stocks to Buy Now
There are many airlines to choose from. However, here are three of my favorite ways to play.
Global Jets ETF (NYSE:JETS)
Delta Air Lines (NYSE:DAL)
American Airlines (NYSE:AAL)
Let’s take a closer look at each chart and map out a smart way to profit.
Airline Stocks to Buy: Global Jets ETF (JETS)
Source: The thinkorswim® platform from TD Ameritrade
JETS is always on the top of my list when playing airline stocks for two reasons. First, it’s a diversified vehicle providing a one-stop-shop for betting on the entire industry. Second, it’s low-priced enough to make options strategies like naked puts and covered calls cost-effective. Thursday’s high volume surge carried prices above the 50-day moving average to the upper end of its recent trading range.
In fairness to bears, they did succeed in pushing prices back below the 50-day by the closing bell, so the victory wasn’t as complete as I would have liked. Worse still, as I write this on Friday morning, airlines are losing altitude. The absence of any upside follow-through suggests we should remain cautious until the breakout arrives.
My line in the sand is $23.50. If JETS can rise above it, then we have a green light for deploying bullish plays. I prefer short puts due to the high return on investment potential. For now, I like selling the Oct $21 strike price.
Delta Air Lines (DAL)
Source: The thinkorswim® platform from TD Ameritrade
If the idea of playing the entire industry with a diversified product like JETS doesn’t appeal to you, then consider picking a specific stock, like Delta. Its price chart is one of the better-looking ones in the space. For starters, its 20-day moving average has been flat for a month, showing stability and the potential for a bottom. Next, Thursday’s high-volume rally was able to close above the 50-day moving average.
The past two months have essentially built a clean trading range with well-defined support and resistance. On the top side, $42 is the level that needs to be breached for a new uptrend to begin. I suggest using that as your trigger for any bullish plays. Since cash flow trades have been working better than directional ones for most of the year, I’m again going with a short put idea.
Once we take out resistance ($42), sell the Oct $38 naked put.
Airline Stocks to Buy: American Airlines (AAL)
Source: The thinkorswim® platform from TD Ameritrade
American Airlines rounds out today’s top stock trades with an imminent breakout of its own. Its flight path mirrors both JETS and DAL. With Thursday’s jump, AAL stock formed a higher pivot low. Unfortunately, the descending 50-day moving average proved too powerful. Friday’s 4+% sell-off reinforces its dominance.
But here’s the silver lining. We now know the level that needs to be broken before the bottoming attempt is complete: $20.50. If we can’t get above it, then all bets are off. If we can, however, then naked puts become mighty appealing. Currently, I like selling the Oct $18 puts once we get the trigger.
On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article.
. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
For a free trial to the best trading community on the planet and Tyler’s current home, click here!
The post 3 Airline Stocks That Are Cleared For Takeoff 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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Global Jets ETF (NYSE:JETS) Delta Air Lines (NYSE:DAL) American Airlines (NYSE:AAL) Let’s take a closer look at each chart and map out a smart way to profit. Airline Stocks to Buy: American Airlines (AAL) Source: The thinkorswim® platform from TD Ameritrade American Airlines rounds out today’s top stock trades with an imminent breakout of its own. With Thursday’s jump, AAL stock formed a higher pivot low.
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Global Jets ETF (NYSE:JETS) Delta Air Lines (NYSE:DAL) American Airlines (NYSE:AAL) Let’s take a closer look at each chart and map out a smart way to profit. Airline Stocks to Buy: American Airlines (AAL) Source: The thinkorswim® platform from TD Ameritrade American Airlines rounds out today’s top stock trades with an imminent breakout of its own. With Thursday’s jump, AAL stock formed a higher pivot low.
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Airline Stocks to Buy: American Airlines (AAL) Source: The thinkorswim® platform from TD Ameritrade American Airlines rounds out today’s top stock trades with an imminent breakout of its own. Global Jets ETF (NYSE:JETS) Delta Air Lines (NYSE:DAL) American Airlines (NYSE:AAL) Let’s take a closer look at each chart and map out a smart way to profit. With Thursday’s jump, AAL stock formed a higher pivot low.
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Global Jets ETF (NYSE:JETS) Delta Air Lines (NYSE:DAL) American Airlines (NYSE:AAL) Let’s take a closer look at each chart and map out a smart way to profit. Airline Stocks to Buy: American Airlines (AAL) Source: The thinkorswim® platform from TD Ameritrade American Airlines rounds out today’s top stock trades with an imminent breakout of its own. With Thursday’s jump, AAL stock formed a higher pivot low.
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4213.0
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2021-09-10 00:00:00 UTC
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Friday Sector Laggards: Music & Electronics Stores, Airlines
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https://www.nasdaq.com/articles/friday-sector-laggards%3A-music-electronics-stores-airlines-2021-09-10
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In trading on Friday, music & electronics stores shares were relative laggards, down on the day by about 2.1%. Helping drag down the group were shares of Gamestop, off about 3.6% and shares of Rent-a-center off about 3% on the day.
Also lagging the market Friday are airlines shares, down on the day by about 1.6% as a group, led down by Sun Country Airlines Holdings, trading lower by about 5.4% and American Airlines Group, trading lower by about 4.4%.
VIDEO: Friday Sector Laggards: Music & Electronics Stores, Airlines
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 Friday, music & electronics stores shares were relative laggards, down on the day by about 2.1%. Also lagging the market Friday are airlines shares, down on the day by about 1.6% as a group, led down by Sun Country Airlines Holdings, trading lower by about 5.4% and American Airlines Group, trading lower by about 4.4%. VIDEO: Friday Sector Laggards: Music & Electronics Stores, Airlines 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 Friday, music & electronics stores shares were relative laggards, down on the day by about 2.1%. Also lagging the market Friday are airlines shares, down on the day by about 1.6% as a group, led down by Sun Country Airlines Holdings, trading lower by about 5.4% and American Airlines Group, trading lower by about 4.4%. VIDEO: Friday Sector Laggards: Music & Electronics Stores, Airlines 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 Friday, music & electronics stores shares were relative laggards, down on the day by about 2.1%. Also lagging the market Friday are airlines shares, down on the day by about 1.6% as a group, led down by Sun Country Airlines Holdings, trading lower by about 5.4% and American Airlines Group, trading lower by about 4.4%. VIDEO: Friday Sector Laggards: Music & Electronics Stores, Airlines 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 Friday, music & electronics stores shares were relative laggards, down on the day by about 2.1%. Helping drag down the group were shares of Gamestop, off about 3.6% and shares of Rent-a-center off about 3% on the day. Also lagging the market Friday are airlines shares, down on the day by about 1.6% as a group, led down by Sun Country Airlines Holdings, trading lower by about 5.4% and American Airlines Group, trading lower by about 4.4%.
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4214.0
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2021-09-09 00:00:00 UTC
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Stock Market Today: Dow Extends Slide After Rally Attempt Fizzles
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https://www.nasdaq.com/articles/stock-market-today%3A-dow-extends-slide-after-rally-attempt-fizzles-2021-09-09
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The major indexes looked ready to put an end to their recent mini-slump Thursday, but early gains turned to ash despite some good news on the jobs front.
The Labor Department said that initial filings for unemployment benefits during the week ended Sept. 4 declined by 35,000 to a pandemic-low 310,000 – below expectations for 335,000 claims.
SEE MORE The Pros' Picks: 5 Stocks to Sell or Avoid
Nonetheless, the Dow Jones Industrial Average, ahead by as much as 169 points (roughly 0.5%) in morning trade, swung to a 151-point, 0.4% loss to 34,879 for its fourth consecutive decline. The S&P 500 (-0.5% to 4,493) and Nasdaq Composite (-0.3% to 15,248) similarly flipped from green to red.
The potential of an earlier slowing of Federal Reserve stimulus might still be on investors' minds, as the European Central Bank said today that it will pare back a similar asset-purchasing mechanism.
"Based on a joint assessment of financing conditions and the inflation outlook, the Governing Council judges that favorable financing conditions can be maintained with a moderately lower pace of net asset purchases under the (pandemic emergency purchase program) than in the previous two quarters," the ECB said.
Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
"The Fed has to taper regardless of labor markets," says Tony Roth, chief investment officer of wealth services firm Wilmington Trust. "There is so much wage pricing pressure that the Fed needs the option to raise rates. They can't do that if they have not moved far into tapering, but we will see it by the end of the year and the equities markets have already priced this in."
Also of note: Several carriers, including United Airlines (UAL, +2.3%) and American Airlines (AAL, +5.6%), revised their quarterly forecasts lower Thursday, saying that growing COVID cases had weighed on bookings. While the industry's stocks actually rose in response, the news could serve as an economic red flag.
SEE MORE 5 Travel Stocks to Buy in a Tricky Environment
Other news in thestock market today
The small-cap Russell 2000 held onto gains until the final minutes of the day, eventually sustaining a marginal loss to 2,249.
Lululemon Athletica (LULU, +10.5%) shares took off in response to a beat-and-raise second-quarter earnings report. LULU said Q2 revenues grew 61% to $1.45 billion and adjusted earnings popped 123% to $1.65 per share – those figures beat respective expectations for $1.34 billion and $1.19 per share. Lululemon also raised its forecast for Q3 2021, expecting revenues between $1.40 billion and $1.43 billion, and adjusted earnings per share (EPS) of $1.33 to $1.38. William Blair analysts were among the pros chiming in with praise Thursday, reiterating their Outperform (Buy) rating "given continued upside potential to estimates alongside the brand's long-term growth runway, exceptional connection with consumers and tangential opportunities to broaden lululemon's global TAM to $3 trillion."
GameStop (GME, +0.2%) looked like it was going to be in for a long day after it reported growing Q2 sales but a steeper-than-expected loss and provided a disappointing post-earnings call. "As the board lays groundwork to transform GameStop into a 'technology' company that delights gamers, many details still remain a mystery, particularly as the shift toward game downloads, streaming and cloud services picks up steam," says Baird analyst Colin Sebastian, who does not have a rating on GME shares. "We appreciate more details on infrastructure build-out, filling management roles, and expanding the product catalog, but it looks more like the strategy is to create a slimmed-down, omni-channel version of Best Buy. We encourage Mr. Cohen to be a little more transparent with his plans if he wants support from longer-term oriented investors." Nonetheless, GME erased early losses of more than 10% by the close.
U.S. crude futures dropped by 2.0% to $67.87 per barrel after China announced plans to tap state oil reserves.
Gold futures bounced back a little, gaining 0.4% to $1,799.50.
The CBOE Volatility Index (VIX) climbed 4.3% to 18.74.
Bitcoin made a slight 0.3% improvement to $46,573.60. (Bitcoin trades 24 hours a day; prices reported here are as of 4 p.m. each trading day.)
YCharts
Make the Most of a Difficult Road Ahead
The market has its work cut out for it.
A team of Bank of America Securities analysts, for instance, says it believes the S&P 500 will hit 4,250 by year's end, and 4,600 by the end of 2022 – that's a respective 5.4% decline and 2.4% improvement from current levels.
SEE MORE The 21 Best Stocks to Buy for the Rest of 2021
"Sentiment is all but euphoric with our Sell Side Indicator closer to a sell signal than at any point since 2007," BofA's team says. "Wage/input cost inflation and supply chain shifts are starting to weigh on margins. Interest rate risk is at a record high … and valuations leave no margin for error."
Not exactly an ideal situation for picking stocks.
BofA suggests inflation-protected yield, which you can find among these inflation-fighting funds, as well as small-cap stocks, given more attractive valuations at present and a tighter tether to U.S. GDP growth.
However, if you're looking for stock picks on the road typically more traveled, consider taking a gander at investors who are plunking down tens and even hundreds of millions of dollars into their best ideas.
Institutional investors, hedge funds and billionaires have unique access to research and insights that most of us simply don't, and that alone makes their choices worth a closer examination. Read on as we explore 25 of their highest-conviction stock picks – bets that all grew to some extent during the most recent quarter.
SEE MORE Best Online Brokers, 2021
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also of note: Several carriers, including United Airlines (UAL, +2.3%) and American Airlines (AAL, +5.6%), revised their quarterly forecasts lower Thursday, saying that growing COVID cases had weighed on bookings. SEE MORE 5 Travel Stocks to Buy in a Tricky Environment Other news in thestock market today The small-cap Russell 2000 held onto gains until the final minutes of the day, eventually sustaining a marginal loss to 2,249. William Blair analysts were among the pros chiming in with praise Thursday, reiterating their Outperform (Buy) rating "given continued upside potential to estimates alongside the brand's long-term growth runway, exceptional connection with consumers and tangential opportunities to broaden lululemon's global TAM to $3 trillion."
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Also of note: Several carriers, including United Airlines (UAL, +2.3%) and American Airlines (AAL, +5.6%), revised their quarterly forecasts lower Thursday, saying that growing COVID cases had weighed on bookings. LULU said Q2 revenues grew 61% to $1.45 billion and adjusted earnings popped 123% to $1.65 per share – those figures beat respective expectations for $1.34 billion and $1.19 per share. Lululemon also raised its forecast for Q3 2021, expecting revenues between $1.40 billion and $1.43 billion, and adjusted earnings per share (EPS) of $1.33 to $1.38.
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Also of note: Several carriers, including United Airlines (UAL, +2.3%) and American Airlines (AAL, +5.6%), revised their quarterly forecasts lower Thursday, saying that growing COVID cases had weighed on bookings. SEE MORE The Pros' Picks: 5 Stocks to Sell or Avoid Nonetheless, the Dow Jones Industrial Average, ahead by as much as 169 points (roughly 0.5%) in morning trade, swung to a 151-point, 0.4% loss to 34,879 for its fourth consecutive decline. SEE MORE 5 Travel Stocks to Buy in a Tricky Environment Other news in thestock market today The small-cap Russell 2000 held onto gains until the final minutes of the day, eventually sustaining a marginal loss to 2,249.
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Also of note: Several carriers, including United Airlines (UAL, +2.3%) and American Airlines (AAL, +5.6%), revised their quarterly forecasts lower Thursday, saying that growing COVID cases had weighed on bookings. Lululemon also raised its forecast for Q3 2021, expecting revenues between $1.40 billion and $1.43 billion, and adjusted earnings per share (EPS) of $1.33 to $1.38. (Bitcoin trades 24 hours a day; prices reported here are as of 4 p.m. each trading day.)
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4215.0
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2021-09-09 00:00:00 UTC
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Oil recovers as tight U.S. supplies offset China reserves sales plan
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https://www.nasdaq.com/articles/oil-recovers-as-tight-u.s.-supplies-offset-china-reserves-sales-plan-2021-09-10
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By Florence Tan and Sonali Paul
SINGAPORE, Sept 10 (Reuters) - Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of about 1% after China announced plans to sell crude from its strategic reserves.
Brent crude LCOc1 futures for November rose 44 cents, or 0.6%, to $71.89 a barrel by 0324 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 futures for October was at $68.49 a barrel, up 35 cents, or 0.5%.
Brent is headed for a second straight weekly loss.
Both contracts fell more than 1% to settle at their lowest since Aug. 26 on Thursday after China said it would release crude oil reserves to the market via public auction to ease the pressure of high feedstock costs on domestic refiners, in a move that was described as a first.
Some analysts said the announcement had likely been made to confirm the sale of reserves in July and August.
"While this sale likely weighed on China's crude imports this summer, alongside depleted teapot import quotas, we expect limited further draws in China's onshore crude inventories this year and a resumption of higher imports into year-end as demand picks up seasonally and following the recent COVID-19 outbreak," Goldman Sachs analysts said in a note.
Energy Aspects analyst Liu Yuntao said the release from the reserve came as Chinese majors had to replace supplies they had bought for September and October loadings from Shell in the U.S. Gulf of Mexico.
Royal Dutch Shell Plc RDSa.L, the largest oil producer in the U.S. Gulf of Mexico, has cancelled some export cargoes due to Ida's damage to offshore facilities.
Almost 1.4 million barrels per day (bpd) of offshore oil production remains shut in the Gulf of Mexico and 1 million bpd of refining capacity is also still offline.
To cushion the impact, the U.S. Energy Department said on Thursday it has approved a second loan of 1.5 million barrels of oil to Exxon Mobil Corp XOM.N from the Strategic Petroleum Reserve (SPR).
Still some U.S. airlines, key to a recovery in jet fuel demand, warned of a slowdown in ticket sales.
American Airlines AAL.O, United Airlines Holdings Inc UAL.O, Delta Air DAI.N, Southwest Airlines Co LUV.N and JetBlue Airways JBLU.O said ticket sales had slowed and cut revenue forecasts as a surge in COVID-19 cases threatens to stall a recovery in travel.
(Reporting by Florence Tan in Singapore and Sonali Paul in Melbourne; Editing by Himani Sarkar)
((Sonali.Paul@thomsonreuters.com; +61 407 119 523))
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, United Airlines Holdings Inc UAL.O, Delta Air DAI.N, Southwest Airlines Co LUV.N and JetBlue Airways JBLU.O said ticket sales had slowed and cut revenue forecasts as a surge in COVID-19 cases threatens to stall a recovery in travel. By Florence Tan and Sonali Paul SINGAPORE, Sept 10 (Reuters) - Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of about 1% after China announced plans to sell crude from its strategic reserves. Both contracts fell more than 1% to settle at their lowest since Aug. 26 on Thursday after China said it would release crude oil reserves to the market via public auction to ease the pressure of high feedstock costs on domestic refiners, in a move that was described as a first.
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American Airlines AAL.O, United Airlines Holdings Inc UAL.O, Delta Air DAI.N, Southwest Airlines Co LUV.N and JetBlue Airways JBLU.O said ticket sales had slowed and cut revenue forecasts as a surge in COVID-19 cases threatens to stall a recovery in travel. By Florence Tan and Sonali Paul SINGAPORE, Sept 10 (Reuters) - Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of about 1% after China announced plans to sell crude from its strategic reserves. Both contracts fell more than 1% to settle at their lowest since Aug. 26 on Thursday after China said it would release crude oil reserves to the market via public auction to ease the pressure of high feedstock costs on domestic refiners, in a move that was described as a first.
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American Airlines AAL.O, United Airlines Holdings Inc UAL.O, Delta Air DAI.N, Southwest Airlines Co LUV.N and JetBlue Airways JBLU.O said ticket sales had slowed and cut revenue forecasts as a surge in COVID-19 cases threatens to stall a recovery in travel. By Florence Tan and Sonali Paul SINGAPORE, Sept 10 (Reuters) - Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of about 1% after China announced plans to sell crude from its strategic reserves. Both contracts fell more than 1% to settle at their lowest since Aug. 26 on Thursday after China said it would release crude oil reserves to the market via public auction to ease the pressure of high feedstock costs on domestic refiners, in a move that was described as a first.
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American Airlines AAL.O, United Airlines Holdings Inc UAL.O, Delta Air DAI.N, Southwest Airlines Co LUV.N and JetBlue Airways JBLU.O said ticket sales had slowed and cut revenue forecasts as a surge in COVID-19 cases threatens to stall a recovery in travel. By Florence Tan and Sonali Paul SINGAPORE, Sept 10 (Reuters) - Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of about 1% after China announced plans to sell crude from its strategic reserves. Brent crude LCOc1 futures for November rose 44 cents, or 0.6%, to $71.89 a barrel by 0324 GMT.
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4216.0
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2021-09-09 00:00:00 UTC
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Airline investors fly upside down
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https://www.nasdaq.com/articles/airline-investors-fly-upside-down-2021-09-10
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Reuters
Reuters
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)
NEW YORK (Reuters Breakingviews) - For airline investors, down is up. On Thursday, American Airlines warned that revenue in the third quarter would fall more than expected https://www.sec.gov/ix?doc=/Archives/edgar/data/0000006201/000000620121000082/aal-20210909.htm as September bookings slowed. Its stock rose 5%. Delta Air Lines, United Airlines, and JetBlue Airways all expressed similar sentiment https://www.reuters.com/business/aerospace-defense/united-airlines-warns-delta-variant-hit-revenue-capacity-2021-09-09. Each of their stock prices increased.
Until lately, up was down too. Even as vaccinations for Covid-19 have become more widely available and government travel restrictions have lifted, United's share price has fallen around 20%. American’s shares tell a similar story.
The trouble may be that the longer-term future of airlines is becoming harder to predict https://www.breakingviews.com/considered-view/american-airlines-pulls-a-wall-street-stupidity, so investors are inclined to discount good news and be relieved when the worst-case scenario doesn’t happen. Still a recovery that is further prolonged certainly isn’t first-class. After several quarters of burning cash despite getting costs in check, many airlines swung back to the black last quarter, but just barely. (By Lauren Silva Laughlin)
On Twitter http://twitter.com/breakingviews
Capital Calls - More concise insights on global finance:
Christine Lagarde channels Margaret Thatcher
Surging Sea skillfully rides the wave
Valuing Ant becomes all art, no science
AMC box office boon doesn’t uphold meme value
Buyout barons can bark louder for German pet group
(Editing by John Foley and Sharon Lam)
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 Thursday, American Airlines warned that revenue in the third quarter would fall more than expected https://www.sec.gov/ix?doc=/Archives/edgar/data/0000006201/000000620121000082/aal-20210909.htm as September bookings slowed. The trouble may be that the longer-term future of airlines is becoming harder to predict https://www.breakingviews.com/considered-view/american-airlines-pulls-a-wall-street-stupidity, so investors are inclined to discount good news and be relieved when the worst-case scenario doesn’t happen. (By Lauren Silva Laughlin) On Twitter http://twitter.com/breakingviews Capital Calls - More concise insights on global finance: Christine Lagarde channels Margaret Thatcher Surging Sea skillfully rides the wave Valuing Ant becomes all art, no science AMC box office boon doesn’t uphold meme value Buyout barons can bark louder for German pet group (Editing by John Foley and Sharon Lam) 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 Thursday, American Airlines warned that revenue in the third quarter would fall more than expected https://www.sec.gov/ix?doc=/Archives/edgar/data/0000006201/000000620121000082/aal-20210909.htm as September bookings slowed. NEW YORK (Reuters Breakingviews) - For airline investors, down is up. Even as vaccinations for Covid-19 have become more widely available and government travel restrictions have lifted, United's share price has fallen around 20%.
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On Thursday, American Airlines warned that revenue in the third quarter would fall more than expected https://www.sec.gov/ix?doc=/Archives/edgar/data/0000006201/000000620121000082/aal-20210909.htm as September bookings slowed. Reuters Reuters Delta Air Lines, United Airlines, and JetBlue Airways all expressed similar sentiment https://www.reuters.com/business/aerospace-defense/united-airlines-warns-delta-variant-hit-revenue-capacity-2021-09-09.
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On Thursday, American Airlines warned that revenue in the third quarter would fall more than expected https://www.sec.gov/ix?doc=/Archives/edgar/data/0000006201/000000620121000082/aal-20210909.htm as September bookings slowed. The opinions expressed are their own.) NEW YORK (Reuters Breakingviews) - For airline investors, down is up.
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4217.0
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2021-09-09 00:00:00 UTC
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U.S. probing 18 airlines over delayed refund complaints
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https://www.nasdaq.com/articles/u.s.-probing-18-airlines-over-delayed-refund-complaints-2021-09-09
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By David Shepardson
WASHINGTON, Sept 9 (Reuters) - The U.S. Transportation Department said on Thursday it has 18 pending investigations against airlines over complaints that they failed to provide timely refunds during the COVID-19 pandemic.
The department said in a report to the White House it was still reviewing 30,100 complaints involving 18 airlines out of 20 investigations it had initially opened. It did not name the airlines.
"The department has devoted considerable time, energy, and effort to securing relief for consumers and holding airlines accountable," it said in the report.
The department noted it had concluded investigations into complaints involving Air Canada AC.TO and United Airlines UAL.O.
In June, the department said it was seeking a $25.5 million fine from Air Canada over the carrier's failure to provide timely refunds to thousands of consumers who requested them for flights to or from the United States.
Air Canada has urged the department to dismiss the complaint saying the department's "arbitrary conduct flatly contradicts years of well-established law."
The department said on Thursday that settlement negotiations with Air Canada "are continuing." Air Canada did not immediately comment.
In June, the Transportation Department said it was investigating the refund practices of an undisclosed number of U.S. and foreign carriers flying to and from the United States and would take "enforcement action" as appropriate.
The department said Thursday it is separately examining four foreign carriers that filed for bankruptcy protection and "exploring options on how passengers who did not receive refunds when the carriers canceled their flights may be compensated."
In January, the department ended its probe into United after the carrier "took prompt corrective actions, resulting in thousands of passengers who had initially been denied refunds receiving the required refunds in or around June 2020."
The Transportation Department is working to increase the number of staff handling consumer complaints by 38%.
The department said it plans to issue rules on refunds for consumers who are unable to travel due to government restrictions. Existing regulations do not address refund eligibility under special circumstances, such as government-imposed travel restrictions.
It also said at least 9 airlines that initially provided vouchers or credits instead of refunds for non-refundable tickets changed policies to make clear passengers are entitled to refunds under such circumstances and provided refunds as required.
(Reporting by David Shepardson; editing by Richard Pullin)
((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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By David Shepardson WASHINGTON, Sept 9 (Reuters) - The U.S. Transportation Department said on Thursday it has 18 pending investigations against airlines over complaints that they failed to provide timely refunds during the COVID-19 pandemic. In June, the department said it was seeking a $25.5 million fine from Air Canada over the carrier's failure to provide timely refunds to thousands of consumers who requested them for flights to or from the United States. In June, the Transportation Department said it was investigating the refund practices of an undisclosed number of U.S. and foreign carriers flying to and from the United States and would take "enforcement action" as appropriate.
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The department noted it had concluded investigations into complaints involving Air Canada AC.TO and United Airlines UAL.O. In June, the department said it was seeking a $25.5 million fine from Air Canada over the carrier's failure to provide timely refunds to thousands of consumers who requested them for flights to or from the United States. In January, the department ended its probe into United after the carrier "took prompt corrective actions, resulting in thousands of passengers who had initially been denied refunds receiving the required refunds in or around June 2020."
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By David Shepardson WASHINGTON, Sept 9 (Reuters) - The U.S. Transportation Department said on Thursday it has 18 pending investigations against airlines over complaints that they failed to provide timely refunds during the COVID-19 pandemic. In June, the department said it was seeking a $25.5 million fine from Air Canada over the carrier's failure to provide timely refunds to thousands of consumers who requested them for flights to or from the United States. In January, the department ended its probe into United after the carrier "took prompt corrective actions, resulting in thousands of passengers who had initially been denied refunds receiving the required refunds in or around June 2020."
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It did not name the airlines. The department noted it had concluded investigations into complaints involving Air Canada AC.TO and United Airlines UAL.O. In June, the Transportation Department said it was investigating the refund practices of an undisclosed number of U.S. and foreign carriers flying to and from the United States and would take "enforcement action" as appropriate.
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4218.0
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2021-09-09 00:00:00 UTC
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Oil slips on China's plan to release crude from reserves, airline demand woes
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AAL
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https://www.nasdaq.com/articles/oil-slips-on-chinas-plan-to-release-crude-from-reserves-airline-demand-woes-2021-09-10
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nan
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nan
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By Sonali Paul
MELBOURNE, Sept 10 (Reuters) - Oil prices dipped on Friday, heading for weekly losses of nearly 2%, after China announced it would release oil from it strategic reserve and some U.S. airlines, key to a recovery in jet fuel demand, warned of a slowdown in ticket sales.
U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 8 cents, or 0.1%, to $68.06 a barrel at 0133 GMT, after dropping 1.7% on Thursday. Brent crude LCOc1 futures fell 12 cents, or 0.2%, to $71.33 a barrel, extending a 1.6% drop from Thursday.
Both settled at their lowest since Aug. 26 on Thursday.
China's state reserves administration said on Thursday it would release crude oil reserves to the market via public auction to ease the pressure of high feedstock costs on domestic refiners, in a move that was described as a first.
An analyst said the release from the reserve came as Chinese majors had to replace supplies they had bought for September and October loadings from Shell in the U.S. Gulf of Mexico.
Royal Dutch Shell Plc RDSa.L, the largest oil producer in the U.S. Gulf of Mexico, has cancelled some export cargoes due to Ida's damage to offshore facilities.
Almost 1.4 million barrels per day (bpd) of offshore oil production remains shut in the Gulf of Mexico and 1 million bpd of refining capacity is also still offline.
"It wasn't good news on the demand front either, with U.S. airlines warning of slowing demand," ANZ Research analysts said in a note.
American Airlines AAL.O, United Airlines Holdings Inc UAL.O, Delta Air DAI.N, Southwest Airlines Co LUV.N and JetBlue Airways JBLU.O said ticket sales had slowed and cut revenue forecasts as a surge in COVID-19 cases threatens to stall a recovery in travel.
(Reporting by Sonali Paul; Editing by Himani Sarkar)
((Sonali.Paul@thomsonreuters.com; +61 407 119 523))
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, United Airlines Holdings Inc UAL.O, Delta Air DAI.N, Southwest Airlines Co LUV.N and JetBlue Airways JBLU.O said ticket sales had slowed and cut revenue forecasts as a surge in COVID-19 cases threatens to stall a recovery in travel. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 8 cents, or 0.1%, to $68.06 a barrel at 0133 GMT, after dropping 1.7% on Thursday. An analyst said the release from the reserve came as Chinese majors had to replace supplies they had bought for September and October loadings from Shell in the U.S. Gulf of Mexico.
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American Airlines AAL.O, United Airlines Holdings Inc UAL.O, Delta Air DAI.N, Southwest Airlines Co LUV.N and JetBlue Airways JBLU.O said ticket sales had slowed and cut revenue forecasts as a surge in COVID-19 cases threatens to stall a recovery in travel. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 8 cents, or 0.1%, to $68.06 a barrel at 0133 GMT, after dropping 1.7% on Thursday. Brent crude LCOc1 futures fell 12 cents, or 0.2%, to $71.33 a barrel, extending a 1.6% drop from Thursday.
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American Airlines AAL.O, United Airlines Holdings Inc UAL.O, Delta Air DAI.N, Southwest Airlines Co LUV.N and JetBlue Airways JBLU.O said ticket sales had slowed and cut revenue forecasts as a surge in COVID-19 cases threatens to stall a recovery in travel. By Sonali Paul MELBOURNE, Sept 10 (Reuters) - Oil prices dipped on Friday, heading for weekly losses of nearly 2%, after China announced it would release oil from it strategic reserve and some U.S. airlines, key to a recovery in jet fuel demand, warned of a slowdown in ticket sales. China's state reserves administration said on Thursday it would release crude oil reserves to the market via public auction to ease the pressure of high feedstock costs on domestic refiners, in a move that was described as a first.
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American Airlines AAL.O, United Airlines Holdings Inc UAL.O, Delta Air DAI.N, Southwest Airlines Co LUV.N and JetBlue Airways JBLU.O said ticket sales had slowed and cut revenue forecasts as a surge in COVID-19 cases threatens to stall a recovery in travel. By Sonali Paul MELBOURNE, Sept 10 (Reuters) - Oil prices dipped on Friday, heading for weekly losses of nearly 2%, after China announced it would release oil from it strategic reserve and some U.S. airlines, key to a recovery in jet fuel demand, warned of a slowdown in ticket sales. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 8 cents, or 0.1%, to $68.06 a barrel at 0133 GMT, after dropping 1.7% on Thursday.
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4219.0
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2021-09-09 00:00:00 UTC
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American Airlines Giving Free Access To Live Sports To Customers
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AAL
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https://www.nasdaq.com/articles/american-airlines-giving-free-access-to-live-sports-to-customers-2021-09-09
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nan
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nan
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(RTTNews) - American Airlines is bringing live TV football experience to its customers starting Thursday, September 9. During the football season, the customers traveling on any of American's domestic narrowbody aircraft will have free access to live sports and news networks 24/7 for every game day.
The move is aimed to attract more travelers to the airline, which sees weak capacity and revenues in its current trading, compared to pre-pandemic 2019.
With the latest offering, the airline expects college and professional football fans to be able to follow the game despite being on flight.
American claims to be providing the fastest Wi-Fi on more aircraft than any other carrier, and customers can access inflight entertainment on their personal device and connect to the "AA-Inflight" signal. Once connected, customers will be redirected to aainflight.com, American's Wi-Fi and entertainment portal.
The company noted that it was the first to offer free music streaming and a Lifestyle inflight entertainment channel that includes e-learning tools such as Rosetta Stone and Skillshare.
The members of the AAdvantage loyalty program can enjoy exclusive promotions and earn miles both in flight and on the ground doing everyday things, like celebration throughout football season.
The various ways to earn miles or redeem them this season and beyond include shopping for tailgate and sports gear from popular stores like Fanatics, Bass Pro Shops and Dick's Sporting Goods; scoring tickets through Vivid Seats Currently; and order carryout from selected restaurants.
If the customer is traveling to the big game now until October 31, they can earn miles on the way and when they arrive.
American added that it brought in a professional football legend to create a social media video to help bring life to an inflight entertainment brainstorm.
In July, while reporting a profit in its second quarter compared to last year's hefty loss, American said it expects its third-quarter total revenue to be down approximately 20 percent from the pre-pandemic 2019, and capacity to be down around 15 percent to 20 percent compared to that of 2019.
American recently has said it would not serve alcohol in the main cabin of its flights until January 18 next year, which is when the U.S mandate on masks in public transportation will expire.
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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During the football season, the customers traveling on any of American's domestic narrowbody aircraft will have free access to live sports and news networks 24/7 for every game day. American claims to be providing the fastest Wi-Fi on more aircraft than any other carrier, and customers can access inflight entertainment on their personal device and connect to the "AA-Inflight" signal. The company noted that it was the first to offer free music streaming and a Lifestyle inflight entertainment channel that includes e-learning tools such as Rosetta Stone and Skillshare.
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(RTTNews) - American Airlines is bringing live TV football experience to its customers starting Thursday, September 9. During the football season, the customers traveling on any of American's domestic narrowbody aircraft will have free access to live sports and news networks 24/7 for every game day. American claims to be providing the fastest Wi-Fi on more aircraft than any other carrier, and customers can access inflight entertainment on their personal device and connect to the "AA-Inflight" signal.
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During the football season, the customers traveling on any of American's domestic narrowbody aircraft will have free access to live sports and news networks 24/7 for every game day. American claims to be providing the fastest Wi-Fi on more aircraft than any other carrier, and customers can access inflight entertainment on their personal device and connect to the "AA-Inflight" signal. In July, while reporting a profit in its second quarter compared to last year's hefty loss, American said it expects its third-quarter total revenue to be down approximately 20 percent from the pre-pandemic 2019, and capacity to be down around 15 percent to 20 percent compared to that of 2019.
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During the football season, the customers traveling on any of American's domestic narrowbody aircraft will have free access to live sports and news networks 24/7 for every game day. American claims to be providing the fastest Wi-Fi on more aircraft than any other carrier, and customers can access inflight entertainment on their personal device and connect to the "AA-Inflight" signal. If the customer is traveling to the big game now until October 31, they can earn miles on the way and when they arrive.
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4220.0
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2021-09-09 00:00:00 UTC
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Bullish Two Hundred Day Moving Average Cross - AAL
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AAL
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https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-aal-2021-09-09
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nan
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nan
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In trading on Thursday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $20.10, changing hands as high as $20.50 per share. American Airlines Group Inc shares are currently trading up about 6.8% on the day. The chart below shows the one year performance of AAL shares, versus its 200 day moving average:
Looking at the chart above, AAL's low point in its 52 week range is $10.63 per share, with $26.09 as the 52 week high point — that compares with a last trade of $20.49. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $20.10, changing hands as high as $20.50 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $10.63 per share, with $26.09 as the 52 week high point — that compares with a last trade of $20.49. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $20.10, changing hands as high as $20.50 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $10.63 per share, with $26.09 as the 52 week high point — that compares with a last trade of $20.49. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $20.10, changing hands as high as $20.50 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $10.63 per share, with $26.09 as the 52 week high point — that compares with a last trade of $20.49. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $20.10, changing hands as high as $20.50 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $10.63 per share, with $26.09 as the 52 week high point — that compares with a last trade of $20.49. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed above their 200 day moving average » 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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4221.0
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2021-09-09 00:00:00 UTC
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American Airlines Now Sees Q3 Revenue Decline About 24% To 28% From Q3 Of FY19 - Quick Facts
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AAL
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https://www.nasdaq.com/articles/american-airlines-now-sees-q3-revenue-decline-about-24-to-28-from-q3-of-fy19-quick-facts
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nan
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nan
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(RTTNews) - Providing an update on recent performance, American Airlines said Thursday that July 2021 financial results were better than previously estimated due primarily to strong leisure passenger traffic and improving passenger yields. The company added that it was profitable excluding net special items in July.
However, the airline experienced softness in August in close-in bookings and an increase in close-in cancellations, which it attributes to the rise in COVID-19 cases associated with the delta variant and related headlines.
The August revenues were weaker than the Company had forecasted when it provided its guidance on July 22. This weakness has continued into September and has resulted in a slowing of net bookings growth for close-in travel.
American now expects its third-quarter 2021 total revenue to decline approximately 24 to 28 percent, compared to the previous guidance for a decline approximately 20 percent. The revenue decline is compared to the third quarter of 2019.
Despite these changes, the Company continues to expect a sequential improvement in both revenue and pre-tax loss before special items from the second quarter 2021. It also expects that its reported third quarter financial results will be the best quarter as measured by revenue and pre-tax loss before special items, since the pandemic began.
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) - Providing an update on recent performance, American Airlines said Thursday that July 2021 financial results were better than previously estimated due primarily to strong leisure passenger traffic and improving passenger yields. This weakness has continued into September and has resulted in a slowing of net bookings growth for close-in travel. Despite these changes, the Company continues to expect a sequential improvement in both revenue and pre-tax loss before special items from the second quarter 2021.
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American now expects its third-quarter 2021 total revenue to decline approximately 24 to 28 percent, compared to the previous guidance for a decline approximately 20 percent. Despite these changes, the Company continues to expect a sequential improvement in both revenue and pre-tax loss before special items from the second quarter 2021. It also expects that its reported third quarter financial results will be the best quarter as measured by revenue and pre-tax loss before special items, since the pandemic began.
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American now expects its third-quarter 2021 total revenue to decline approximately 24 to 28 percent, compared to the previous guidance for a decline approximately 20 percent. Despite these changes, the Company continues to expect a sequential improvement in both revenue and pre-tax loss before special items from the second quarter 2021. It also expects that its reported third quarter financial results will be the best quarter as measured by revenue and pre-tax loss before special items, since the pandemic began.
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(RTTNews) - Providing an update on recent performance, American Airlines said Thursday that July 2021 financial results were better than previously estimated due primarily to strong leisure passenger traffic and improving passenger yields. The company added that it was profitable excluding net special items in July. The revenue decline is compared to the third quarter of 2019.
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4222.0
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2021-09-09 00:00:00 UTC
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Are Long-Term Trends In Favor Of Boeing Stock?
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AAL
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https://www.nasdaq.com/articles/are-long-term-trends-in-favor-of-boeing-stock-2021-09-09
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nan
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nan
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[Updated 9/07/2021]
Per Boeing’s (NYSE: BA) commercial market outlook, the global passenger traffic is likely to grow at an annual rate of 4% over the next two decades. The company estimates that there will be 43,000 global deliveries of new aircraft with a strong demand for single-aisle aircraft. Interestingly, Boeing has an order backlog of 4,141 planes with 737 MAX accounting for 3,314 units. Due to the coronavirus pandemic and suspension of MAX’s production, the company’s total order backlog declined from $463 billion in 2019 to $363 billion in 2020 – indicating a drop in near-term demand. However, the passenger numbers at TSA checkpoints have consistently remained 20% below pre-Covid levels in the past two months. Moreover, the company highlighted in the commercial market outlook that aircraft retirement rates increase after a financial crisis, as observed after the Great Recession and SARS outbreak, implying a strong likelihood of new orders for Boeing aircraft in the coming years. We highlight the key factors driving Boeing’s Valuation including revenues, margins, valuation multiple, and competitive comparison with peers in an interactive dashboard analysis.
[Updated 7/27/2021] – Will Boeing Stock Observe An Upside Post Earnings?
With the travel & tourism industry observing a downtrend due to the fears of another infectious wave, Boeing (NYSE: BA) is likely to observe slow near-term demand for its aircraft. Moreover, the company is yet to restart the production of MAX aircraft later this year – a key factor weighing on the top line. Per Q1 filings, Boeing is expecting to increase MAX’s production to 31 per month by early-2022. However, the stock is a good pick for long-term gains as new aircraft orders by United Airlines and Southwest Airlines indicate strong air traffic demand in the coming years. Notably, the increase in Boeing’s long-term debt obligations has largely been due to piled-up inventories. Trefis highlights the quarterly trends in revenues, earnings, stock price, and expectations for Q2 2021 in an interactive dashboard analysis, Boeing Earnings Preview.
[Updated 7/02/2021] – United Airlines Order A Boon For Boeing?
Recently, United Airlines (NASDAQ: UAL) announced an additional 200 plane order of Boeing (NYSE: BA) 737 MAX aircraft, raising hopes of a quick rebound in travel demand and alleviating concerns regarding MAX’s manufacturing shortcomings. Notably, the shares of United Airlines and Boeing remain 30% below pre-Covid levels despite a sizable recovery in passenger numbers at TSA checkpoints. United Airlines is expecting to observe strong cash generation assisted by rising passenger demand, while Boeing is likely to restart MAX production during the latter half of the year. Despite United and Boeing’s $4 billion and $7.5 billion of operating cash outflow last year (excluding the impact of $11 billion increase in inventories), both companies reported positive cash flow in the first quarter (excluding the impact of working capital changes for Boeing) – indicating an improvement in operating efficiency coupled with the favorable impact of government assistance. We highlight the historical trends in the company’s revenues, margins, and valuation multiple in an interactive dashboard analysis, The Boeing Company (BA) Stock Has Lost 26% Since 2018?
[Updated 3/31/2021] – Air Travel Demand And Southwest Order To Push Boeing Stock Higher
In January, Boeing (NYSE: BA) entered into a $2.5 billion agreement with the U.S. Department of Justice ending the two-year investigation on the 737 Max program. Per the agreement, Boeing is required to pay a $243 million penalty, $500 million compensation to the kin of people who lost their lives in MAX crashes, and $1.77 billion to airline customers. Notably, the company already has a $5.5 billion short-term liability related to customer concessions on its balance sheet. While the recent lawsuit by investors is a concern, the company’s ballooning debt is primarily from high inventory levels. Moreover, Southwest’s 100 plane order reinstates confidence in MAX after the FAA’s clearance. As air travel demand picks-up, the reduction of Boeing’s 400+ plane inventory is the key trigger for a sizable upside in the stock. Our interactive dashboard analysis highlights Boeing’s stock performance during the current crisis with that during the 2008 recession.
[Updated 3/11/2021] – Will A Lift-off In Southwest Stock Be A Trigger For Boeing?
The shares of Southwest Airlines (NYSE: LUV) have rallied 20% in the past 21-days reaching their pre-Covid level, propelled by the second round of payroll support by the U.S. government and an increase in passenger numbers at TSA checkpoints. Interestingly, Southwest is a prominent Boeing 737 MAX customer with a total of 380 aircraft to be delivered in the next couple of years. Despite the lifting of the FAA’s ban in November 2020, the shares of Boeing (NYSE: BA) remain around 30% below pre-Covid levels. While the FAA’s order requires design changes and revamp of pilot and crew training programs to safely fly again, the company’s ballooning debt due to high inventory levels is expected to ease with aircraft deliveries. Trefis compares the historical stock price trends between Boeing and its prominent MAX customers in an interactive dashboard analysis, BA Stock Has 50% Chance Of A Rise Over The Next Month After Rising 4.3% In The Last 5 Days.
Airline stocks have outperformed broader markets this year but Boeing has not
In a recently published travel outlook by Expedia, air travel is expected to boom later during the year with young population (Millennials and Gen Z) traveling the most. Over the past 21 days, Southwest Airlines, United Airlines, and American Airlines’ stocks have gained 20%, 27%, and 25%, respectively. On the contrary, Boeing stock has increased by 12%, 10%, and 4% over the twenty one-day, ten-day, and five-day period respectively. Per Boeing’s commercial market outlook, global passenger traffic and aircraft fleet are expected to grow annually by 4% and 3.2% in the next twenty years, respectively. Also, new aircraft demand will mostly be driven by older aircraft replacements, almost 56% of new deliveries, in the coming decade.
Boeing’s debt is due to high inventory levels
Boeing’s long-term debt soared from $10 billion in 2018 to $62 billion in 2020, due to piled-up 737 MAX inventories and capital raises to tackle any adverse pandemic scenario. The company’s inventories observed a $20 billion jump from $62.5 billion in 2018 to $82 billion in 2020. As the balance sheet holds $25 billion of cash and short-term investments, a major portion of the long-term debt is due to high inventory levels.
While the 737 MAX production is expected to resume later this year, the 450 planes in the warehouse are likely to meet near-term customer demand and generate cash flow. Also, Boeing reported just $7.5 billion of operating cash outflow (excluding the impact of an $11 billion increase in inventories) in 2020, which is significantly lower than the $55 billion drop in the stock’s market capitalization. Thus, the resumption of MAX production is the key trigger for a sizable upside in Boeing stock from current levels.
Is there a better pick over Boeing? Boeing Stock Comparison With Peers summarizes how BA compares against peers on metrics that matter. You can find more such useful comparisons on Peer Comparisons.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
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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United Airlines is expecting to observe strong cash generation assisted by rising passenger demand, while Boeing is likely to restart MAX production during the latter half of the year. The shares of Southwest Airlines (NYSE: LUV) have rallied 20% in the past 21-days reaching their pre-Covid level, propelled by the second round of payroll support by the U.S. government and an increase in passenger numbers at TSA checkpoints. While the FAA’s order requires design changes and revamp of pilot and crew training programs to safely fly again, the company’s ballooning debt due to high inventory levels is expected to ease with aircraft deliveries.
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However, the stock is a good pick for long-term gains as new aircraft orders by United Airlines and Southwest Airlines indicate strong air traffic demand in the coming years. Despite United and Boeing’s $4 billion and $7.5 billion of operating cash outflow last year (excluding the impact of $11 billion increase in inventories), both companies reported positive cash flow in the first quarter (excluding the impact of working capital changes for Boeing) – indicating an improvement in operating efficiency coupled with the favorable impact of government assistance. Trefis compares the historical stock price trends between Boeing and its prominent MAX customers in an interactive dashboard analysis, BA Stock Has 50% Chance Of A Rise Over The Next Month After Rising 4.3% In The Last 5 Days.
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Despite United and Boeing’s $4 billion and $7.5 billion of operating cash outflow last year (excluding the impact of $11 billion increase in inventories), both companies reported positive cash flow in the first quarter (excluding the impact of working capital changes for Boeing) – indicating an improvement in operating efficiency coupled with the favorable impact of government assistance. [Updated 3/31/2021] – Air Travel Demand And Southwest Order To Push Boeing Stock Higher In January, Boeing (NYSE: BA) entered into a $2.5 billion agreement with the U.S. Department of Justice ending the two-year investigation on the 737 Max program. Boeing’s debt is due to high inventory levels Boeing’s long-term debt soared from $10 billion in 2018 to $62 billion in 2020, due to piled-up 737 MAX inventories and capital raises to tackle any adverse pandemic scenario.
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However, the stock is a good pick for long-term gains as new aircraft orders by United Airlines and Southwest Airlines indicate strong air traffic demand in the coming years. United Airlines is expecting to observe strong cash generation assisted by rising passenger demand, while Boeing is likely to restart MAX production during the latter half of the year. Trefis compares the historical stock price trends between Boeing and its prominent MAX customers in an interactive dashboard analysis, BA Stock Has 50% Chance Of A Rise Over The Next Month After Rising 4.3% In The Last 5 Days.
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4223.0
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2021-09-09 00:00:00 UTC
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Why Airline Stocks Are Flying Higher Today
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AAL
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https://www.nasdaq.com/articles/why-airline-stocks-are-flying-higher-today-2021-09-09
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nan
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nan
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What happened
On Thursday morning, key players in the U.S. passenger airline industry warned that the Delta variant would put a damper on their third-quarter results. The market apparently was not surprised, and shares of carriers including American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), Spirit Airlines (NYSE: SAVE), and JetBlue Airways (NASDAQ: JBLU) climbed by as much as 5%.
So what
The airlines were hard hit in 2020 by the pandemic, but have recovered nicely in 2021 as vaccines reduced people's fears about travel and pent-up demand for vacations brought crowds back to airports this summer. We're still a long way from normal, but investors in the so-called "reopening trade" have pushed share prices higher this year.
Image source: Getty Images.
But Delta-variant-driven fourth wave of the pandemic is taking its toll. Before the market opened Thursday, United warned it now expects to post a loss in the third quarter due to a slowdown in customer bookings in recent weeks. The carrier now expects third-quarter revenue to be down by about 33% compared to the same three months of 2019.
American, Southwest Airlines (NYSE: LUV), and JetBlue all issued similar guidance within an hour of United, showing that these are industry-wide issues, as opposed to a specific company having operational troubles. American now forecasts its third-quarter revenue will decline by 24% to 28% from Q3 2019, worse than its previous guidance for a 20% drop, and Southwest expects its operating revenue will be down by 18% to 20% compared to two years ago.
JetBlue anticipates its revenue will be off by 6% to 9%, down from its earlier guidance for a 4% to 9% decline.
So if conditions are worsening, why are the stocks up Thursday?
For one thing, these COVID-19 issues are hardly a surprise. Investors had been anticipating a slowdown in airline ticket sales due to the Delta variant, and relative to expectations, the impact on the entire sector is manageable. The guidance also suggests that the airlines' recovery strategies were working early in the quarter, before the daily new case rate spiked, which is good news for long-term shareholders.
The sector is likely also trading higher on word that the White House will require all federal workers and millions of government contractors to be vaccinated against COVID-19. A vaccinated populous is the fastest and simplest path to ending the pandemic, and the government normalizing vaccine mandates will likely make it easier for other employers to require the shots.
Now what
The investor takeaway from Thursday morning's news seems to be that while things aren't great, they could be worse. And if this recent spike in new cases does recede, there are also signs that airlines have found a way to operate in this environment.
That's great, but investors should be aware there is still a long journey ahead for the passenger air travel sector. For the most part, it was been tourists who fueled 2021's rally, and with summer vacation season over, the segment is likely headed for a lull until the holidays. Many of these airlines won't fully recover until business travelers return, and given that many large employers don't plan to even reopen offices until late this year or 2022, a resumption of robust corporate travel still seems a long way off.
For long-term-minded investors, the best strategy is to buy and hold top operators like Delta and Southwest. Just be prepared for some turbulence on the journey.
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Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of and recommends Spirit Airlines. The Motley Fool recommends Delta Air Lines, JetBlue Airways, 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 market apparently was not surprised, and shares of carriers including American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), Spirit Airlines (NYSE: SAVE), and JetBlue Airways (NASDAQ: JBLU) climbed by as much as 5%. What happened On Thursday morning, key players in the U.S. passenger airline industry warned that the Delta variant would put a damper on their third-quarter results. So what The airlines were hard hit in 2020 by the pandemic, but have recovered nicely in 2021 as vaccines reduced people's fears about travel and pent-up demand for vacations brought crowds back to airports this summer.
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The market apparently was not surprised, and shares of carriers including American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), Spirit Airlines (NYSE: SAVE), and JetBlue Airways (NASDAQ: JBLU) climbed by as much as 5%. See the 10 stocks *Stock Advisor returns as of August 9, 2021 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool recommends Delta Air Lines, JetBlue Airways, and Southwest Airlines.
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The market apparently was not surprised, and shares of carriers including American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), Spirit Airlines (NYSE: SAVE), and JetBlue Airways (NASDAQ: JBLU) climbed by as much as 5%. See the 10 stocks *Stock Advisor returns as of August 9, 2021 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool recommends Delta Air Lines, JetBlue Airways, and Southwest Airlines.
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The market apparently was not surprised, and shares of carriers including American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), Spirit Airlines (NYSE: SAVE), and JetBlue Airways (NASDAQ: JBLU) climbed by as much as 5%. Now what The investor takeaway from Thursday morning's news seems to be that while things aren't great, they could be worse. That's great, but investors should be aware there is still a long journey ahead for the passenger air travel sector.
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4224.0
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2021-09-08 00:00:00 UTC
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EXCLUSIVE-U.S. airlines to support higher target for sustainable aviation fuel by 2030 -sources
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AAL
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https://www.nasdaq.com/articles/exclusive-u.s.-airlines-to-support-higher-target-for-sustainable-aviation-fuel-by-2030
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nan
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nan
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By David Shepardson and Jarrett Renshaw
WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters.
Airlines for America, an industry trade group, in March had set a 2030 goal of producing and deploying 2 billion gallons of sustainable aviation fuel (SAF). SAF, made from feedstocks such as used cooking oil and animal fat, at present accounts for only a miniscule amount of overall jet fuel use.
The group declined to comment Wednesday. A White House virtual event on sustainable aviation is set for Thursday, industry and government officials said.
The target for sustainable aviation fuel will be detailed at that event, sources briefed on the matter said.
The airline group, which represents United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines AAL.O and others, will pledge to work with the U.S. government and others to help rapidly expand production and deployment of "commercially viable" SAF, sources said.
Asked for comment on the meeting, White House aide Ali Zaidi said in a statement "we need to move quickly to support the technology innovation and infrastructure needed to shift to more sustainable fuels now – and make real progress by the end of this decade."
The White House meeting will discuss the administration’s "whole-of-government strategy to achieve a net zero carbon aviation sector by 2050" and will include airlines, fuel providers, airports, unions, and aircraft manufacturers.
The industry participants "will share commitments to reduce emissions in the aviation sector through improvements in aircraft technology, fuels, and operational improvements," according to an invitation seen by Reuters.
Airlines and the Biden administration back new tax credits for SAF that are expected to be included in a massive spending bill in Congress that are crucial to making the fuel economically viable.
A White House official told Reuters the administration had pushed airlines "on sustainability and the potential of reducing their emissions by 2030."
The push to increase production of sustainable aviation fuel is also seen by the Biden administration as a way to help provide new businesses for the nation's refining industry and the thousands of union jobs who rely on their success.
On Tuesday, Chevron Corp CVX.N said it plans to produce a test batch of SAF and sell it to Delta at the Los Angeles International Airport. Delta has pledged to replace 10% of its jet fuel with SAF by 2030.
(Reporting by David Shepardson, Jarrett Renshaw, Stephanie Kelly and Allison Lampert; Editing by Cynthia Osterman and Stephen Coates)
((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 airline group, which represents United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines AAL.O and others, will pledge to work with the U.S. government and others to help rapidly expand production and deployment of "commercially viable" SAF, sources said. The White House meeting will discuss the administration’s "whole-of-government strategy to achieve a net zero carbon aviation sector by 2050" and will include airlines, fuel providers, airports, unions, and aircraft manufacturers. Airlines and the Biden administration back new tax credits for SAF that are expected to be included in a massive spending bill in Congress that are crucial to making the fuel economically viable.
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The airline group, which represents United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines AAL.O and others, will pledge to work with the U.S. government and others to help rapidly expand production and deployment of "commercially viable" SAF, sources said. By David Shepardson and Jarrett Renshaw WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters. A White House virtual event on sustainable aviation is set for Thursday, industry and government officials said.
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The airline group, which represents United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines AAL.O and others, will pledge to work with the U.S. government and others to help rapidly expand production and deployment of "commercially viable" SAF, sources said. By David Shepardson and Jarrett Renshaw WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters. Airlines for America, an industry trade group, in March had set a 2030 goal of producing and deploying 2 billion gallons of sustainable aviation fuel (SAF).
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The airline group, which represents United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines AAL.O and others, will pledge to work with the U.S. government and others to help rapidly expand production and deployment of "commercially viable" SAF, sources said. By David Shepardson and Jarrett Renshaw WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters. A White House official told Reuters the administration had pushed airlines "on sustainability and the potential of reducing their emissions by 2030."
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4225.0
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2021-09-08 00:00:00 UTC
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EXCLUSIVE-U.S. airlines to support higher target for sustainable aviation fuel use by 2030 -sources
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AAL
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https://www.nasdaq.com/articles/exclusive-u.s.-airlines-to-support-higher-target-for-sustainable-aviation-fuel-use-by-2030
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nan
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nan
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By David Shepardson and Jarrett Renshaw
WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of using 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters.
Airlines for America, an industry trade group, in March had set a 2030 goal of using 2 billion gallons of sustainable aviation fuel (SAF). SAF, made from feedstocks such as used cooking oil and animal fat, at present accounts for only a miniscule amount of overall jet fuel use.
The group declined to comment Wednesday. A White House virtual event on sustainable aviation is set for Thursday, industry and government officials said.
The target for sustainable aviation fuel use will be detailed at that event, sources briefed on the matter said.
The airline group, which represents United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines AAL.O and others, will pledge to work with the U.S. government and others to help rapidly expand production and development of "commercially viable" SAF, sources said.
(Reporting by David Shepardson, Jarrett Renshaw, Stephanie Kelly and Allison Lampert; Editing by Leslie Adler and Cynthia Osterman)
((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 airline group, which represents United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines AAL.O and others, will pledge to work with the U.S. government and others to help rapidly expand production and development of "commercially viable" SAF, sources said. By David Shepardson and Jarrett Renshaw WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of using 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters. Airlines for America, an industry trade group, in March had set a 2030 goal of using 2 billion gallons of sustainable aviation fuel (SAF).
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The airline group, which represents United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines AAL.O and others, will pledge to work with the U.S. government and others to help rapidly expand production and development of "commercially viable" SAF, sources said. By David Shepardson and Jarrett Renshaw WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of using 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters. Airlines for America, an industry trade group, in March had set a 2030 goal of using 2 billion gallons of sustainable aviation fuel (SAF).
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The airline group, which represents United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines AAL.O and others, will pledge to work with the U.S. government and others to help rapidly expand production and development of "commercially viable" SAF, sources said. By David Shepardson and Jarrett Renshaw WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of using 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters. Airlines for America, an industry trade group, in March had set a 2030 goal of using 2 billion gallons of sustainable aviation fuel (SAF).
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The airline group, which represents United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines AAL.O and others, will pledge to work with the U.S. government and others to help rapidly expand production and development of "commercially viable" SAF, sources said. By David Shepardson and Jarrett Renshaw WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of using 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters. Airlines for America, an industry trade group, in March had set a 2030 goal of using 2 billion gallons of sustainable aviation fuel (SAF).
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4226.0
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2021-09-08 00:00:00 UTC
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EXCLUSIVE-U.S. airlines to back jump in sustainable aviation fuel use by 2030 -sources
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AAL
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https://www.nasdaq.com/articles/exclusive-u.s.-airlines-to-back-jump-in-sustainable-aviation-fuel-use-by-2030-sources-2021
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nan
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nan
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WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of using 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters.
Airlines for America, an industry trade group, in March had set a 2030 goal of using 2 billion gallons of sustainable aviation fuel (SAF). SAF, made from feedstocks such as used cooking oil and animal fat, at present accounts for only a miniscule amount of overall jet fuel use. The group declined to comment Wednesday. A White House virtual event on sustainable aviation is set for Thursday, industry and government officials said.
(Reporting by David Shepardson, Jarrett Renshaw, Stephanie Kelly and Allison Lampert; Editing by Leslie Adler)
((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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Airlines for America, an industry trade group, in March had set a 2030 goal of using 2 billion gallons of sustainable aviation fuel (SAF). SAF, made from feedstocks such as used cooking oil and animal fat, at present accounts for only a miniscule amount of overall jet fuel use. A White House virtual event on sustainable aviation is set for Thursday, industry and government officials said.
|
WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of using 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters. Airlines for America, an industry trade group, in March had set a 2030 goal of using 2 billion gallons of sustainable aviation fuel (SAF). A White House virtual event on sustainable aviation is set for Thursday, industry and government officials said.
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WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of using 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters. Airlines for America, an industry trade group, in March had set a 2030 goal of using 2 billion gallons of sustainable aviation fuel (SAF). (Reporting by David Shepardson, Jarrett Renshaw, Stephanie Kelly and Allison Lampert; Editing by Leslie Adler) ((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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WASHINGTON, Sept 8 (Reuters) - Major U.S. airlines plan to announce on Thursday that they will back a voluntary industry target of using 3 billion gallons of sustainable aviation fuel in 2030 as the White House looks to reduce aviation sector emissions, sources told Reuters. Airlines for America, an industry trade group, in March had set a 2030 goal of using 2 billion gallons of sustainable aviation fuel (SAF). SAF, made from feedstocks such as used cooking oil and animal fat, at present accounts for only a miniscule amount of overall jet fuel use.
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4227.0
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2021-09-08 00:00:00 UTC
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United employees receiving COVID-19 vaccine religious exemption face unpaid leave
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AAL
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https://www.nasdaq.com/articles/united-employees-receiving-covid-19-vaccine-religious-exemption-face-unpaid-leave-2021-09
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nan
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nan
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By David Shepardson and Sanjana Shivdas
WASHINGTON, Sept 8 (Reuters) - United Airlines UAL.O employees who receive religious exemptions from the company for COVID-19 vaccinations will be placed on temporary, unpaid personal leave from Oct. 2, the U.S. airline said in a Wednesday memo to staff.
The company said the employees will be allowed to return to their work location once new testing and safety procedures are in place.
The U.S. carrier is taking a tough line on employees who decline to get vaccinated and became the first U.S. carrier in early August to announce it would mandate vaccines for employees.
United said in the memo "more than half of our employees who were unvaccinated on the day (Aug. 6) we announced the requirement are now vaccinated."
"Given the dire statistics listed above, we can no longer allow unvaccinated people back into the workplace until we better understand how they might interact with our customers and their vaccinated coworkers," the airline said the memo.
For pilots and flight attendants and other customer-facing employees winning religious exemptions they will remain off work indefinitely.
"Once the pandemic meaningfully recedes, you will be welcomed back to the team on active status," United said.
For some employees in non-customer facing roles, United will more quickly allow return to work but require unvaccinated employees to "undergo weekly COVID-19 testing, wear a mask at all times."
United said for some employees an "official return to work date might be significantly later" than mid-October.
Employees whose requests for religious exemptions are denied must be vaccinated within five weeks or they will be fired, United said.
United said the restriction and requirements are similar for employees seeking medical exemptions but employees winning exemptions will be placed on temporary medical leave.
On Friday, American Airlines AAL.O said it would not provide special leave starting next month to unvaccinated employees who have to quarantine due to COVID-19.
Last month, Delta Air Lines DAL.N said employees will have to pay $200 more every month for their company-sponsored healthcare plan if they choose to not be vaccinated against COVID-19.
On Wednesday, WestJet Group in Canada said effective Oct. 30 employees will be required to be fully vaccinated.
(Reporting by David Shepardson in Washington and Sanjana Shivdas in Bengaluru; Editing by Sriraj Kalluvila and Aurora Ellis)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
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 Friday, American Airlines AAL.O said it would not provide special leave starting next month to unvaccinated employees who have to quarantine due to COVID-19. "Given the dire statistics listed above, we can no longer allow unvaccinated people back into the workplace until we better understand how they might interact with our customers and their vaccinated coworkers," the airline said the memo. For pilots and flight attendants and other customer-facing employees winning religious exemptions they will remain off work indefinitely.
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On Friday, American Airlines AAL.O said it would not provide special leave starting next month to unvaccinated employees who have to quarantine due to COVID-19. By David Shepardson and Sanjana Shivdas WASHINGTON, Sept 8 (Reuters) - United Airlines UAL.O employees who receive religious exemptions from the company for COVID-19 vaccinations will be placed on temporary, unpaid personal leave from Oct. 2, the U.S. airline said in a Wednesday memo to staff. For some employees in non-customer facing roles, United will more quickly allow return to work but require unvaccinated employees to "undergo weekly COVID-19 testing, wear a mask at all times."
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On Friday, American Airlines AAL.O said it would not provide special leave starting next month to unvaccinated employees who have to quarantine due to COVID-19. By David Shepardson and Sanjana Shivdas WASHINGTON, Sept 8 (Reuters) - United Airlines UAL.O employees who receive religious exemptions from the company for COVID-19 vaccinations will be placed on temporary, unpaid personal leave from Oct. 2, the U.S. airline said in a Wednesday memo to staff. For some employees in non-customer facing roles, United will more quickly allow return to work but require unvaccinated employees to "undergo weekly COVID-19 testing, wear a mask at all times."
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On Friday, American Airlines AAL.O said it would not provide special leave starting next month to unvaccinated employees who have to quarantine due to COVID-19. By David Shepardson and Sanjana Shivdas WASHINGTON, Sept 8 (Reuters) - United Airlines UAL.O employees who receive religious exemptions from the company for COVID-19 vaccinations will be placed on temporary, unpaid personal leave from Oct. 2, the U.S. airline said in a Wednesday memo to staff. United said in the memo "more than half of our employees who were unvaccinated on the day (Aug. 6) we announced the requirement are now vaccinated."
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4228.0
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2021-09-07 00:00:00 UTC
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Chile copper exports soar in August on high prices
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AAL
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https://www.nasdaq.com/articles/chile-copper-exports-soar-in-august-on-high-prices-2021-09-07
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nan
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nan
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Updates with additional context, value of imports
SANTIAGO, Sept 7 (Reuters) - Chilean copper exports soared 40.5% in value in August from a year earlier amid high global prices for the red metal, the central bank said on Tuesday.
The price of copper - a key metal in construction and electric vehicle manufacturing - hit record highs earlier this year and has remained higher than long-term averages, bringing a windfall to Chile, the world's top copper producer.
Total exports of copper jumped to $4.383 billion last month, more than half the value of the country's overall exports, which hit $7.822 billion in August.
Chile reported a trade surplus of $6 million, the bank said, as imports in August also soared 73%, to $7.816 billion.
Chile's state miner Codelco is the world's largest copper producer and global miners BHP BHP.AX, Anglo American AAL.L and Antofagasta ANTO.L, among others, also have operations in the country.
(Reporting by Fabian Cambero, writing by Dave Sherwood, Editing by Andrew Heavens and Susan Fenton)
((dave.sherwood@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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Chile's state miner Codelco is the world's largest copper producer and global miners BHP BHP.AX, Anglo American AAL.L and Antofagasta ANTO.L, among others, also have operations in the country. Updates with additional context, value of imports SANTIAGO, Sept 7 (Reuters) - Chilean copper exports soared 40.5% in value in August from a year earlier amid high global prices for the red metal, the central bank said on Tuesday. The price of copper - a key metal in construction and electric vehicle manufacturing - hit record highs earlier this year and has remained higher than long-term averages, bringing a windfall to Chile, the world's top copper producer.
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Chile's state miner Codelco is the world's largest copper producer and global miners BHP BHP.AX, Anglo American AAL.L and Antofagasta ANTO.L, among others, also have operations in the country. Updates with additional context, value of imports SANTIAGO, Sept 7 (Reuters) - Chilean copper exports soared 40.5% in value in August from a year earlier amid high global prices for the red metal, the central bank said on Tuesday. Total exports of copper jumped to $4.383 billion last month, more than half the value of the country's overall exports, which hit $7.822 billion in August.
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Chile's state miner Codelco is the world's largest copper producer and global miners BHP BHP.AX, Anglo American AAL.L and Antofagasta ANTO.L, among others, also have operations in the country. Updates with additional context, value of imports SANTIAGO, Sept 7 (Reuters) - Chilean copper exports soared 40.5% in value in August from a year earlier amid high global prices for the red metal, the central bank said on Tuesday. The price of copper - a key metal in construction and electric vehicle manufacturing - hit record highs earlier this year and has remained higher than long-term averages, bringing a windfall to Chile, the world's top copper producer.
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Chile's state miner Codelco is the world's largest copper producer and global miners BHP BHP.AX, Anglo American AAL.L and Antofagasta ANTO.L, among others, also have operations in the country. Updates with additional context, value of imports SANTIAGO, Sept 7 (Reuters) - Chilean copper exports soared 40.5% in value in August from a year earlier amid high global prices for the red metal, the central bank said on Tuesday. Chile reported a trade surplus of $6 million, the bank said, as imports in August also soared 73%, to $7.816 billion.
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4229.0
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2021-09-03 00:00:00 UTC
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American Airlines to end pandemic leave for unvaccinated staff
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AAL
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https://www.nasdaq.com/articles/american-airlines-to-end-pandemic-leave-for-unvaccinated-staff-2021-09-03
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nan
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nan
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Sept 3 (Reuters) - American Airlines AAL.O said on Friday it would not provide special leave from next month to unvaccinated employees who have to quarantine due to COVID-19.
Unvaccinated workers will have to use their sick time or medical leave if they miss work due to the disease, it said.
"Given there is an FDA-approved vaccine, pandemic leave will only be offered to team members who are fully vaccinated and who provide their vaccination card to us," the carrier said in a memo to staff seen by Reuters.
The move comes after United Airlines Inc UAL.O last month became the first U.S. carrier to require vaccinations for all domestic employees.
Separately, Alaska Air ALK.N said on Friday that it had stopped special pay for unvaccinated employee absences due to COVID-19 infection or exposure to a suspect. (https://bit.ly/3h07qlo)
The airline has mandated vaccination for all new hires and will pay $200 to employees who provide proof of vaccination.
(Reporting by Shreyasee Raj in Bengaluru; Editing by Aditya Soni)
((Shreyasee.Raj@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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Sept 3 (Reuters) - American Airlines AAL.O said on Friday it would not provide special leave from next month to unvaccinated employees who have to quarantine due to COVID-19. Unvaccinated workers will have to use their sick time or medical leave if they miss work due to the disease, it said. Separately, Alaska Air ALK.N said on Friday that it had stopped special pay for unvaccinated employee absences due to COVID-19 infection or exposure to a suspect.
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Sept 3 (Reuters) - American Airlines AAL.O said on Friday it would not provide special leave from next month to unvaccinated employees who have to quarantine due to COVID-19. Separately, Alaska Air ALK.N said on Friday that it had stopped special pay for unvaccinated employee absences due to COVID-19 infection or exposure to a suspect. (https://bit.ly/3h07qlo) The airline has mandated vaccination for all new hires and will pay $200 to employees who provide proof of vaccination.
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Sept 3 (Reuters) - American Airlines AAL.O said on Friday it would not provide special leave from next month to unvaccinated employees who have to quarantine due to COVID-19. "Given there is an FDA-approved vaccine, pandemic leave will only be offered to team members who are fully vaccinated and who provide their vaccination card to us," the carrier said in a memo to staff seen by Reuters. (https://bit.ly/3h07qlo) The airline has mandated vaccination for all new hires and will pay $200 to employees who provide proof of vaccination.
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Sept 3 (Reuters) - American Airlines AAL.O said on Friday it would not provide special leave from next month to unvaccinated employees who have to quarantine due to COVID-19. "Given there is an FDA-approved vaccine, pandemic leave will only be offered to team members who are fully vaccinated and who provide their vaccination card to us," the carrier said in a memo to staff seen by Reuters. The move comes after United Airlines Inc UAL.O last month became the first U.S. carrier to require vaccinations for all domestic employees.
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4230.0
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2021-09-03 00:00:00 UTC
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3 Ways You Can Beat Warren Buffett in the Stock Market
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AAL
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https://www.nasdaq.com/articles/3-ways-you-can-beat-warren-buffett-in-the-stock-market-2021-09-03
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nan
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nan
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He's called the Oracle of Omaha for good reason. Warren Buffett -- all-around investing genius and founder of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) as we know it -- has the stock-picking track record to support that unofficial title. While his conglomerate may have gotten off to a slow start coming out of 2020's pandemic-induced market plunge, its share price is up nearly 24% year to date, while the S&P 500 (SNPINDEX: ^GSPC) has risen by just under 21%. That's a big difference when you're comparing a buy-and-hold portfolio to an index-based benchmark. Plenty of investors would be thrilled with that sort of edge. Beating the market is tough to do!
And yet, it's not crazy to believe you can not only beat the market, but perhaps even beat Buffett at his own game. The trick lies in successfully doing what Berkshire Hathaway is mostly unable to do, and doing what Buffett doesn't particularly like to do. Here's a look at the three biggest things you can do differently than Buffett in your investing strategy.
1. Invest in the types of growth stocks he typically doesn't consider
Berkshire Hathaway's portfolio has certainly evolved from its early, value-oriented days. For instance, its biggest single stock holding right now is Apple (NASDAQ: AAPL) -- a company that Buffett might not have even dreamed of investing in a couple of decades ago (though Buffett may not have made the Apple buy call on his own). Software company Snowflake (NYSE: SNOW) is another relatively curious addition to Berkshire's collection of stocks, in that it's quite unprofitable and will remain so for a while.
Nevertheless, most of Berkshire's positions are in established value companies like Bank of America (NYSE: BAC), Verizon (NYSE: VZ), and Coca-Cola (NYSE: KO). Buffett likes them because, first, he understands their business models, and second, they pay reliable dividends. It also doesn't hurt that steady-performing value stocks have historically managed to catch up with and even surpass the hot-and-cold track records of gains that growth stocks tend to dish out.
It's just possible, however, the market has outgrown its resilient-but-lukewarm love for value stocks. Since the mid-1990s, growth stocks have rather reliably outperformed value names despite their higher volatility. Overall, as a group, they've gained nearly three times as much as value stocks have over that timeframe.
^IVX data by YCharts
That's not to suggest there's anything inherently wrong with investing in value stocks. But refusing to be at least a bit speculative leaves the sort of gains that have been dished out by growth companies like Facebook and Nvidia on the table.
2. Step into an entire position on a dip
As a small retail investor, you enjoy one advantage that giant players like Berkshire Hathaway don't have: When you put a few thousand bucks into a trade, the market doesn't even notice. Relative to your needs, there will almost always be plenty of any particular stock available to buy or sell at the current market price at any given time.
When you're trying to put a few hundred million or even a couple billion dollars into a particular equity though -- as Buffett typically is -- it catches people's attention. In some cases, it can even meaningfully move a stock's price, perhaps unwinding the pullback that made the stock so attractive in the first place.
Don't misunderstand. The prospect of moving the market doesn't prevent the Oracle of Omaha from steering Berkshire into or out of trades. But the conglomerate has to be smart and patient in how it moves. You don't, so you can buy all the shares you want to (finances permitting), whenever you want to, on most pullbacks.
Of course, this assumes you're actually willing to step into new positions on their way down rather than waiting until they're on their way back up... which you should be. The key is pre-picking your preferred price point and sticking to it. As Buffett himself has even said, "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price" -- even though he often has to fight for that fair price. Precision-timing the entry misses the point.
3. Learn about different industries and diversify your holdings
Finally, perhaps the most overlooked liability of the Berkshire stock portfolio is that, at any given time, it's not particularly well diversified.
Of the $323 billion worth of equities currently owned by Berkshire Hathaway, Apple accounts for 40% of the collective value. Financial stocks like Bank of America, American Express (NYSE: AXP), and U.S. Bank (NYSE: USB) make up another quarter of the portfolio -- and that doesn't count the financial services firms among the conglomerate's wholly owned subsidiaries, such as Geico Insurance or Berkshire Hathaway Reinsurance. Buffett is also heavily exposed to industrial names, both publicly traded players and Berkshire-owned companies like Lubrizol and several railroad-related businesses.
Conversely, he's arguably underexposed to technology stocks, materials, healthcare, and consumer-facing companies.
Image source: Getty Images.
That's not a fatal flaw. Buffett has often touted the investing philosophy of "buy what you know," which is wise. His acolytes aren't straying too far from that advice, though they may know more about certain businesses than Buffett does.
But it's not as if this willingness to concentrate his portfolio too much in familiar industries hasn't occasionally come back to haunt him. Berkshire took a bath on its investments in Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), and United Airlines (NASDAQ: UAL), which it sold early last year when the pandemic first rattled markets. Less exposure to the air travel industry would have reduced the pain the portfolio suffered in the first half of 2020, and perhaps prevented Berkshire Hathaway from underperforming the S&P 500 last year.
You should still understand the business model of any company you buy. But, rather than eschewing unfamiliar businesses, it might be smart to learn about some new ones so you can spread your risk out across more sectors.
10 stocks we like better than Berkshire Hathaway (A shares)
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*Stock Advisor returns as of August 9, 2021
Bank of America is an advertising partner of The Ascent, a Motley Fool company. American Express is an advertising partner of The Ascent, a Motley Fool company. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. James Brumley has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple, Berkshire Hathaway (B shares), Facebook, Nvidia, and Snowflake Inc. The Motley Fool recommends Delta Air Lines, Southwest Airlines, and Verizon Communications and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple. 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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Berkshire took a bath on its investments in Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), and United Airlines (NASDAQ: UAL), which it sold early last year when the pandemic first rattled markets. While his conglomerate may have gotten off to a slow start coming out of 2020's pandemic-induced market plunge, its share price is up nearly 24% year to date, while the S&P 500 (SNPINDEX: ^GSPC) has risen by just under 21%. Buffett is also heavily exposed to industrial names, both publicly traded players and Berkshire-owned companies like Lubrizol and several railroad-related businesses.
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Berkshire took a bath on its investments in Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), and United Airlines (NASDAQ: UAL), which it sold early last year when the pandemic first rattled markets. The Motley Fool owns shares of and recommends Apple, Berkshire Hathaway (B shares), Facebook, Nvidia, and Snowflake Inc. The Motley Fool recommends Delta Air Lines, Southwest Airlines, and Verizon Communications and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple.
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Berkshire took a bath on its investments in Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), and United Airlines (NASDAQ: UAL), which it sold early last year when the pandemic first rattled markets. For instance, its biggest single stock holding right now is Apple (NASDAQ: AAPL) -- a company that Buffett might not have even dreamed of investing in a couple of decades ago (though Buffett may not have made the Apple buy call on his own). Financial stocks like Bank of America, American Express (NYSE: AXP), and U.S. Bank (NYSE: USB) make up another quarter of the portfolio -- and that doesn't count the financial services firms among the conglomerate's wholly owned subsidiaries, such as Geico Insurance or Berkshire Hathaway Reinsurance.
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Berkshire took a bath on its investments in Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), and United Airlines (NASDAQ: UAL), which it sold early last year when the pandemic first rattled markets. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Berkshire Hathaway (A shares) wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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4231.0
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2021-09-03 00:00:00 UTC
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American Airlines Group (NASDAQ:AAL) shareholders have endured a 48% loss from investing in the stock five years ago
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-nasdaq%3Aaal-shareholders-have-endured-a-48-loss-from-investing-in
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nan
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nan
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The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their investment in American Airlines Group Inc. (NASDAQ:AAL), since the last five years saw the share price fall 50%. The falls have accelerated recently, with the share price down 19% in the last three months.
It's worthwhile assessing if the company's economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let's do just that.
American Airlines Group wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.
In the last five years American Airlines Group saw its revenue shrink by 11% per year. That's definitely a weaker result than most pre-profit companies report. On the face of it we'd posit the share price fall of 8% compound, over five years is well justified by the fundamental deterioration. We doubt many shareholders are delighted with this share price performance. Risk averse investors probably wouldn't like this one much.
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
NasdaqGS:AAL Earnings and Revenue Growth September 3rd 2021
American Airlines Group is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. You can see what analysts are predicting for American Airlines Group in this interactive graph of future profit estimates.
A Different Perspective
It's good to see that American Airlines Group has rewarded shareholders with a total shareholder return of 48% in the last twelve months. Notably the five-year annualised TSR loss of 8% per year compares very unfavourably with the recent share price performance. The long term loss makes us cautious, but the short term TSR gain certainly hints at a brighter future. It's always interesting to track share price performance over the longer term. But to understand American Airlines Group better, we need to consider many other factors. Case in point: We've spotted 4 warning signs for American Airlines Group you should be aware of, and 2 of them are significant.
We will like American Airlines Group better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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At this point some shareholders may be questioning their investment in American Airlines Group Inc. (NASDAQ:AAL), since the last five years saw the share price fall 50%. NasdaqGS:AAL Earnings and Revenue Growth September 3rd 2021 American Airlines Group is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. Notably the five-year annualised TSR loss of 8% per year compares very unfavourably with the recent share price performance.
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At this point some shareholders may be questioning their investment in American Airlines Group Inc. (NASDAQ:AAL), since the last five years saw the share price fall 50%. NasdaqGS:AAL Earnings and Revenue Growth September 3rd 2021 American Airlines Group is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
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At this point some shareholders may be questioning their investment in American Airlines Group Inc. (NASDAQ:AAL), since the last five years saw the share price fall 50%. NasdaqGS:AAL Earnings and Revenue Growth September 3rd 2021 American Airlines Group is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. American Airlines Group wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS).
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At this point some shareholders may be questioning their investment in American Airlines Group Inc. (NASDAQ:AAL), since the last five years saw the share price fall 50%. NasdaqGS:AAL Earnings and Revenue Growth September 3rd 2021 American Airlines Group is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. American Airlines Group wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS).
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4232.0
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2021-09-01 00:00:00 UTC
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The Top 50 Robinhood Stocks in September
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AAL
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https://www.nasdaq.com/articles/the-top-50-robinhood-stocks-in-september-2021-09-01
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nan
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nan
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For the better part of 18 months, investors have been taken on a wild ride. They've navigated their way through the fastest decline of at least 30% in the history of the benchmark S&P 500 (it took about a month) and have relished in the most robust bounce-back rally of all-time. The widely followed index has more than doubled since hitting its pandemic bottom in March 2020.
Whereas some folks have shied away from these wild swings, heightened volatility is precisely what's drawn other people (ahem, retail investors) to invest in the stock market.
Image source: Getty Images.
Online investing app Robinhood (NASDAQ: HOOD), which recently became a publicly traded company, has been a particularly popular platform for retail investors to get involved in the stock market. Since the end of 2019, Robinhood has added approximately 8 million new users, an 80% increase.
Why Robinhood? For one, it's a commission-free platform for stock trades executed on major U.S. exchanges. For someone trying to put $100 or $500 to work in the market, it's no fun seeing commission fees eat up 2% to 10% of your cash. With Robinhood, that's not a concern.
Robinhood also gifts free shares of stock to new members, and it allows fractional-share investing for certain securities. That means you don't have to save up more than $1,900 to just buy a single share of Chipotle Mexican Grill. Instead, Robinhood's platform will allow you to put a much smaller amount to work, and you'll own a fraction of a full share.
Although it's fantastic to see young investors beginning their trek to financial freedom early, it's equally worrisome to see the stocks they're buying. In many instances, Robinhood's retail investors are chasing penny stocks, momentum plays, or otherwise money-losing or poorly performing companies.
If you don't believe me, take a closer look at Robinhood's leaderboard for September, which features the 50 most-held stocks on the platform:
COMPANY COMPANY
1. Apple 26. GameStop (NYSE: GME)
2. Tesla Motors 27. Bank of America
3. AMC Entertainment (NYSE: AMC) 28. OrganiGram Holdings
4. Sundial Growers (NASDAQ: SNDL) 29. BlackBerry
5. Ford Motor Company 30. Coinbase Global
6. Nio 31. Facebook
7. Amazon 32. Tilray
8. Walt Disney 33. Nvidia
9. Microsoft 34. Starbucks
10. American Airlines Group (NASDAQ: AAL) 35. Virgin Galactic
11. Plug Power 36. Advanced Micro Devices
12. Robinhood Markets 37. Moderna (NASDAQ: MRNA)
13. Carnival 38. Canopy Growth
14. Pfizer 39. Vanguard S&P 500 ETF
15. Nokia 40. SPDR S&P 500 ETF
16. Aurora Cannabis 41. AT&T
17. GoPro 42. Twitter
18. Zomedica (NYSEMKT: ZOM) 43. Coca-Cola
19. Lucid Group 44. FuelCell Energy
20. Naked Brand Group 45. Norwegian Cruise Line
21. Delta Air Lines 46. Ideanomics
22. Netflix 47. Workhorse Group
23. Palantir Technologies 48. General Motors
24. Alibaba 49. General Electric
25. Snap 50. Zynga
Data source: Robinhood, as of Aug. 28, 2021.
Meme stocks remain in focus
Easily the most identifiable trend from Robinhood investors is their love of meme stocks -- i.e., companies lauded for the social media buzz they create, rather than their operating performance or fundamental metrics. Examples include theater chain AMC Entertainment, GameStop, BlackBerry, and even Robinhood, which has rocketed up its own leaderboard.
Arguably, the most interesting development among meme stocks on Robinhood has been the precipitous fall down the leaderboard for GameStop in recent months. Although it's still the 26th most-held company, it was once a fixture in the top 10. With GameStop proving less volatile than other meme stocks, and the company selling shares of common stock to raise capital on two separate occasions, it would appear that some momentum-loving retail investors are moving on to potentially greener pastures.
What isn't a surprise is seeing AMC maintain its position at No. 3 on the leaderboard -- a spot it hasn't relinquished in six months. Retail investors continue to bet on another short squeeze. As of mid-August, 92.4 million shares of the company were held short, representing about 18% of its float (i.e., tradable shares).
However, these same investors are completely ignoring a laundry list of red flags with AMC and the movie industry. For example, AMC has burned through almost $577 million in cash through the first six months of 2021. It has $5.5 billion in corporate borrowings and another $420 million in deferred rent, and it can't sell any more stock without approval from retail investors. Using simple math, this money-losing company can't make good on its combined debt and lease obligations. To boot, movie ticket sales have been on a nearly two-decade downslope. This is what I mean when I say some Robinhood investors are chasing low-quality companies.
Image source: Getty Images.
Penny for your thoughts
Robinhood's retail investors also have a fascination with penny stocks -- i.e., companies with share prices below $5. Examples include Canadian marijuana stock Sundial Growers, Zomedica, Naked Brand Group, and OrganiGram.
More often than not, penny stocks are stuck at a low share price because of operating or management issues. In other words, penny stocks are penny stocks for a reason. While retail investors might believe that buying penny stocks gives them a higher probability of doubling their money, this usually isn't the case.
For instance, Sundial Growers has planted itself at No. 4 on the leaderboard for about six months. Even though cannabis is a rapidly growing industry, and Sundial was sitting on roughly $950 million in cash, marketable securities, and long-term investments, as of Aug. 9, the company is a mess. Management's desire to raise cash at all costs has seen the company's share count balloon from 509 million to 2 billion in nine months. This level of dilution is burying longtime shareholders and all but assures the company will have no shot of generating meaningful earnings per share.
The icing on the cake is that while Canada's legal weed sales rise, Sundial's revenue is declining. In sum, there's a really good reason this stock is stuck below $1 a share.
And it's not just Sundial. Veterinary diagnostics and drug company Zomedica has diluted the daylights out of its investors and has little in the way of real-world results to show for it. Despite launching its first diagnostic product, Truforma, in March, the company has generated only $29,817 in sales. That's not millions, by the way. That's $29,817. While some of its shortcomings can be blamed on the sale of its distribution partner, it doesn't excuse the company's poor results.
Furthermore, Zomedica had almost 980 million shares outstanding, as of Aug. 11. While it's raised plenty of cash, it's also made it virtually impossible to generate meaningful earnings per share. In most cases, penny stocks like Zomedica and Sundial should be avoided at all costs.
Image source: Getty Images.
Pandemic rebound plays are popular
You'll also notice that Robinhood's retail following has invested aggressively in direct and indirect COVID-19 rebound plays.
For instance, biotech stock Moderna has been rocketing up Robinhood's leaderboard over the past couple of months. Moderna's COVID-19 vaccine, mRNA-1243, generated a robust 94% vaccine efficacy in a large-scale November-published study, and it's been one of the two most-popular vaccines since emergency-use authorization was granted in a number of key developed markets. This year alone, product sales of Moderna's lone drug are likely to top $19 billion. Though there remain serious questions about the longevity of this blockbuster vaccine in the wake of increasing competition and virus mutations, Moderna has been one of the hottest stocks on Wall Street since 2020 began.
Retail investors are angling for the travel bounce-back trade, too. American Airlines has pretty consistently been a top-12 most-held stock for a year. The bet seems to be that increased vaccination rates will spur travel and send airline stocks markedly higher. But similar to piling into AMC and Sundial, Robinhood's investors have chosen to back what's arguably the worst company of the bunch in American Airlines.
Admittedly, I'm not a fan of airline stocks. It's a high-capital-input industry that requires the economy to fire on all cylinders to produce mediocre margins. When anything more than a hiccup arises with the economy, airlines struggle mightily. In American's case, the company is weighed down by billions in debt added during the pandemic. It also won't be paying a dividend or repurchasing its common stock as part of its agreement for taking a COVID-19 relief loan. There's simply no reason to own shares of American Airlines.
10 stocks we like better than Moderna
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Moderna wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of August 9, 2021
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors.
Sean Williams owns shares of AT&T, Amazon, Bank of America, and Facebook. The Motley Fool owns shares of and recommends Advanced Micro Devices, Alibaba Group Holding Ltd., Amazon, Apple, Chipotle Mexican Grill, Facebook, Microsoft, NIO Inc., Netflix, Nvidia, OrganiGram Holdings, Palantir Technologies Inc., Starbucks, Tesla, Twitter, Vanguard S&P 500 ETF, Walt Disney, and Zynga. The Motley Fool recommends BlackBerry, Carnival, Delta Air Lines, and Moderna Inc. and recommends the following options: long January 2022 $1,920 calls on Amazon, long March 2023 $120 calls on Apple, short January 2022 $1,940 calls on Amazon, short March 2023 $130 calls on Apple, and short October 2021 $120 calls on Starbucks. 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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American Airlines Group (NASDAQ: AAL) 35. Whereas some folks have shied away from these wild swings, heightened volatility is precisely what's drawn other people (ahem, retail investors) to invest in the stock market. Online investing app Robinhood (NASDAQ: HOOD), which recently became a publicly traded company, has been a particularly popular platform for retail investors to get involved in the stock market.
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American Airlines Group (NASDAQ: AAL) 35. In many instances, Robinhood's retail investors are chasing penny stocks, momentum plays, or otherwise money-losing or poorly performing companies. The Motley Fool owns shares of and recommends Advanced Micro Devices, Alibaba Group Holding Ltd., Amazon, Apple, Chipotle Mexican Grill, Facebook, Microsoft, NIO Inc., Netflix, Nvidia, OrganiGram Holdings, Palantir Technologies Inc., Starbucks, Tesla, Twitter, Vanguard S&P 500 ETF, Walt Disney, and Zynga.
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American Airlines Group (NASDAQ: AAL) 35. Penny for your thoughts Robinhood's retail investors also have a fascination with penny stocks -- i.e., companies with share prices below $5. The Motley Fool owns shares of and recommends Advanced Micro Devices, Alibaba Group Holding Ltd., Amazon, Apple, Chipotle Mexican Grill, Facebook, Microsoft, NIO Inc., Netflix, Nvidia, OrganiGram Holdings, Palantir Technologies Inc., Starbucks, Tesla, Twitter, Vanguard S&P 500 ETF, Walt Disney, and Zynga.
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American Airlines Group (NASDAQ: AAL) 35. Robinhood Markets 37. The Motley Fool owns shares of and recommends Advanced Micro Devices, Alibaba Group Holding Ltd., Amazon, Apple, Chipotle Mexican Grill, Facebook, Microsoft, NIO Inc., Netflix, Nvidia, OrganiGram Holdings, Palantir Technologies Inc., Starbucks, Tesla, Twitter, Vanguard S&P 500 ETF, Walt Disney, and Zynga.
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4233.0
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2021-08-31 00:00:00 UTC
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American Airlines Stock: Waiting For Takeoff
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AAL
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https://www.nasdaq.com/articles/american-airlines-stock%3A-waiting-for-takeoff-2021-08-31
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nan
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nan
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To strengthen the balance sheet, American Airlines (NASDAQ: AAL) is targeting to reduce $15 billion of long-term debt by the end of 2025. Notably, the company plans to use excess cash from operations to repay debt and purchase new aircraft. Per recent filings, AAL has $20 billion of net debt on its balance sheet, much higher than the stock’s current market capitalization of $13 billion. While the recovery in travel demand is a trigger for airline stocks, a weak balance sheet remains a headwind for AAL stock.
Is American Airlines stock a good pick for a shorter time period? You can test the answer and many other combinations on the Trefis Machine Learning Engine to test American Airlines stock chances of a rise after a fall. You can test the chance of recovery over different time intervals of a quarter, month, or even just one day!
MACHINE LEARNING ENGINE – try it yourself:
IF AAL stock moved by -5% over five trading days, THEN over the next twenty-one trading days, AAL stock moves an average of 1.3 percent, with a 52.4% probability of a positive return
Some Fun Scenarios, FAQs & Making Sense of American Airlines Stock Movements:
Question 1: Is the average return for American Airlines stock higher after a drop?
Answer:
Consider two situations,
Case 1: American Airlines stock drops by -5% or more in a week
Case 2: American Airlines stock rises by 5% or more in a week
Is the average return for American Airlines stock higher over the subsequent month after Case 1 or Case 2?
AAL stock fares better after Case 1, with an average return of 1.3% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an average return of 0.2% for Case 2.
In comparison, the S&P 500 has an average return of 3.1% over the next 21 trading days under Case 1, and an average return of just 0.5% for Case 2 as detailed in our dashboard that details the average return for the S&P 500 after a fall or rise.
Try the Trefis machine learning engine above to see for yourself how American Airlines stock is likely to behave after any specific gain or loss over a period.
Question 2: Does patience pay?
Answer:
If you buy and hold American Airlines stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you – at least if the company is otherwise strong.
Overall, according to data and Trefis machine learning engine’s calculations, patience absolutely pays for most stocks!
For AAL stock, the returns over the next N days after a -5% change over the last five trading days is detailed in the table below, along with the returns for the S&P500:
Question 3: What about the average return after a rise if you wait for a while?
Answer:
The average return after a rise is understandably lower than after a fall as detailed in the previous question. Interestingly, though, if a stock has gained over the last few days, you would do better to avoid short-term bets for most stocks.
AAL’s returns over the next N days after a 5% change over the last five trading days is detailed in the table below, along with the returns for the S&P500:
It’s pretty powerful to test the trend for yourself for American Airlines stock by changing the inputs in the charts above.
Is there a better investment over American Airlines? American Airlines Stock Comparison With Peers summarizes how AAL compares against peers on metrics that matter. You can find more such useful comparisons on Peer Comparisons.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
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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To strengthen the balance sheet, American Airlines (NASDAQ: AAL) is targeting to reduce $15 billion of long-term debt by the end of 2025. Per recent filings, AAL has $20 billion of net debt on its balance sheet, much higher than the stock’s current market capitalization of $13 billion. While the recovery in travel demand is a trigger for airline stocks, a weak balance sheet remains a headwind for AAL stock.
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To strengthen the balance sheet, American Airlines (NASDAQ: AAL) is targeting to reduce $15 billion of long-term debt by the end of 2025. MACHINE LEARNING ENGINE – try it yourself: IF AAL stock moved by -5% over five trading days, THEN over the next twenty-one trading days, AAL stock moves an average of 1.3 percent, with a 52.4% probability of a positive return Some Fun Scenarios, FAQs & Making Sense of American Airlines Stock Movements: Question 1: Is the average return for American Airlines stock higher after a drop? Per recent filings, AAL has $20 billion of net debt on its balance sheet, much higher than the stock’s current market capitalization of $13 billion.
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MACHINE LEARNING ENGINE – try it yourself: IF AAL stock moved by -5% over five trading days, THEN over the next twenty-one trading days, AAL stock moves an average of 1.3 percent, with a 52.4% probability of a positive return Some Fun Scenarios, FAQs & Making Sense of American Airlines Stock Movements: Question 1: Is the average return for American Airlines stock higher after a drop? AAL stock fares better after Case 1, with an average return of 1.3% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an average return of 0.2% for Case 2. To strengthen the balance sheet, American Airlines (NASDAQ: AAL) is targeting to reduce $15 billion of long-term debt by the end of 2025.
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To strengthen the balance sheet, American Airlines (NASDAQ: AAL) is targeting to reduce $15 billion of long-term debt by the end of 2025. Per recent filings, AAL has $20 billion of net debt on its balance sheet, much higher than the stock’s current market capitalization of $13 billion. While the recovery in travel demand is a trigger for airline stocks, a weak balance sheet remains a headwind for AAL stock.
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4234.0
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2021-08-27 00:00:00 UTC
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Southwest Airlines cuts flights to fix operational challenges
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AAL
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https://www.nasdaq.com/articles/southwest-airlines-cuts-flights-to-fix-operational-challenges-2021-08-27
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nan
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CHICAGO, Aug 26 (Reuters) - Southwest Airlines LUV.N will run fewer flights through the end of the year in a bid to fix issues that disrupted operations this summer and led to flight delays and cancellations.
The low-cost carrier on Thursday said it will reduce an average of 27 flights a day from Sept. 7 through Oct. 6 and cut 162 flights a day from Oct. 7 through Nov. 5.
It plans to adjust flight schedules in November and December as well, but said it would protect holiday bookings.
"We're confident these adjustments will create a more reliable travel experience," Southwest Airlines CEO Gary Kelly said in a statement.
The cuts are on top of its recent reductions in response to slower bookings and increased cancellations due to the spread of the Delta variant of the coronavirus.
Southwest had added more flights to its schedule to capitalize on a recovery in air travel and gain market share. However, like most in the sector, it has struggled to keep up, grappling with staff shortages.
Both American Airlines AAL.O and Southwest had to cancel summer flights due to the crunch, bad weather and less network flexibility. Now they are recalling crews and resuming hiring.
The Dallas-based airline said it was "aggressively" hiring.
To deal with staff crunch, Southwest is recalling employees, who are on voluntary leave. The company expects to have all of those employees back by the end of the year.
(Reporting by Rajesh Kumar Singh; Editing by Himani Sarkar)
((rajeshkumar.singh@thomsonreuters.com; +1-312-408-8537; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Both American Airlines AAL.O and Southwest had to cancel summer flights due to the crunch, bad weather and less network flexibility. "We're confident these adjustments will create a more reliable travel experience," Southwest Airlines CEO Gary Kelly said in a statement. The cuts are on top of its recent reductions in response to slower bookings and increased cancellations due to the spread of the Delta variant of the coronavirus.
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Both American Airlines AAL.O and Southwest had to cancel summer flights due to the crunch, bad weather and less network flexibility. It plans to adjust flight schedules in November and December as well, but said it would protect holiday bookings. To deal with staff crunch, Southwest is recalling employees, who are on voluntary leave.
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Both American Airlines AAL.O and Southwest had to cancel summer flights due to the crunch, bad weather and less network flexibility. CHICAGO, Aug 26 (Reuters) - Southwest Airlines LUV.N will run fewer flights through the end of the year in a bid to fix issues that disrupted operations this summer and led to flight delays and cancellations. The low-cost carrier on Thursday said it will reduce an average of 27 flights a day from Sept. 7 through Oct. 6 and cut 162 flights a day from Oct. 7 through Nov. 5.
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Both American Airlines AAL.O and Southwest had to cancel summer flights due to the crunch, bad weather and less network flexibility. Now they are recalling crews and resuming hiring. To deal with staff crunch, Southwest is recalling employees, who are on voluntary leave.
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4235.0
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2021-08-24 00:00:00 UTC
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After Hours Most Active for Aug 24, 2021 : DNB, AMC, HL, GOTU, PCG, CVE, MXIM, NLOK, AAL, QCOM, APA, MSFT
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AAL
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https://www.nasdaq.com/articles/after-hours-most-active-for-aug-24-2021-%3A-dnb-amc-hl-gotu-pcg-cve-mxim-nlok-aal-qcom-apa
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nan
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nan
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The NASDAQ 100 After Hours Indicator is up 4.19 to 15,361.87. The total After hours volume is currently 70,059,116 shares traded.
The following are the most active stocks for the after hours session:
Dun & Bradstreet Holdings, Inc. (DNB) is unchanged at $18.39, with 2,876,234 shares traded. As reported by Zacks, the current mean recommendation for DNB is in the "buy range".
AMC Entertainment Holdings, Inc. (AMC) is +0.19 at $44.45, with 2,811,629 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $-0.07. AMC's current last sale is 592.67% of the target price of $7.5.
Hecla Mining Company (HL) is unchanged at $5.89, with 2,593,871 shares traded. As reported by Zacks, the current mean recommendation for HL is in the "buy range".
Gaotu Techedu Inc. (GOTU) is +0.03 at $2.82, with 2,486,763 shares traded. GOTU's current last sale is 6% of the target price of $47.
Pacific Gas & Electric Co. (PCG) is -0.02 at $9.23, with 2,461,557 shares traded. PCG's current last sale is 65.93% of the target price of $14.
Cenovus Energy Inc (CVE) is +0.05 at $8.35, with 2,448,083 shares traded. As reported by Zacks, the current mean recommendation for CVE is in the "buy range".
Maxim Integrated Products, Inc. (MXIM) is unchanged at $104.37, with 2,041,202 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021. The consensus EPS forecast is $0.89. MXIM's current last sale is 104.37% of the target price of $100.
NortonLifeLock Inc. (NLOK) is -0.1016 at $26.35, with 1,799,165 shares traded. As reported by Zacks, the current mean recommendation for NLOK is in the "strong buy range".
American Airlines Group, Inc. (AAL) is -0.03 at $19.80, with 1,591,430 shares traded. AAL's current last sale is 94.29% of the target price of $21.
QUALCOMM Incorporated (QCOM) is unchanged at $144.46, with 1,572,701 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021. The consensus EPS forecast is $2.07. As reported by Zacks, the current mean recommendation for QCOM is in the "buy range".
APA Corporation (APA) is +0.05 at $17.95, with 1,539,839 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021. The consensus EPS forecast is $0.84. As reported by Zacks, the current mean recommendation for APA is in the "buy range".
Microsoft Corporation (MSFT) is +0.13 at $302.75, with 1,456,673 shares traded. Over the last four weeks they have had 9 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021. The consensus EPS forecast is $2.06. MSFT's current last sale is 91.74% of the target price of $330.
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) is -0.03 at $19.80, with 1,591,430 shares traded. AAL's current last sale is 94.29% of the target price of $21. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022.
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American Airlines Group, Inc. (AAL) is -0.03 at $19.80, with 1,591,430 shares traded. AAL's current last sale is 94.29% of the target price of $21. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021.
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American Airlines Group, Inc. (AAL) is -0.03 at $19.80, with 1,591,430 shares traded. AAL's current last sale is 94.29% of the target price of $21. The total After hours volume is currently 70,059,116 shares traded.
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American Airlines Group, Inc. (AAL) is -0.03 at $19.80, with 1,591,430 shares traded. AAL's current last sale is 94.29% of the target price of $21. The NASDAQ 100 After Hours Indicator is up 4.19 to 15,361.87.
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4236.0
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2021-08-24 00:00:00 UTC
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Buy The Dip In Delta Air Lines Stock?
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AAL
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https://www.nasdaq.com/articles/buy-the-dip-in-delta-air-lines-stock-2021-08-25
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nan
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nan
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The shares of Delta Air Lines (NYSE: DAL) have observed a downtrend in the past two months as booking trends weakened due to the fourth wave of the pandemic. However, the company reported strong performance in the second quarter – highlighting the likelihood of a quick demand rebound after the fourth wave. The third round of payroll support program requires airlines to suspend dividends and share repurchases until September 2022. Thus, investors can bet on recovering travel demand to realize capital gains and Trefis believes that DAL stock is a good value investment. Our interactive dashboard highlights Delta Air Lines stock performance during the current crisis with that during the 2008 recession.
2020 Coronavirus Crisis
Timeline of 2020 Crisis So Far:
12/12/2019: Coronavirus cases first reported in China
1/31/2020: WHO declares a global health emergency
2/19/2020: Signs of effective containment in China and hopes of monetary easing by major central banks helps S&P 500 reach a record high
3/23/2020: S&P 500 drops 34% from the peak level seen on Feb 19, as Covid-19 cases accelerate outside China. Doesn’t help that oil prices crash in mid-March amid Saudi-led price war
From 3/24/2020: S&P 500 recovers 99% from the lows seen on Mar 23, as the Fed’s multi-billion dollar stimulus package suppresses near-term survival anxiety and infuses liquidity into the system
In contrast, here’s how DAL and the broader market performed during the 2007/2008 crisis.
Timeline of 2007-08 Crisis
10/1/2007: Approximate pre-crisis peak in S&P 500 index
9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08)
3/1/2009: Approximate bottoming out of S&P 500 index
1/1/2010: Initial recovery to levels before accelerated decline (around 9/1/2008)
Delta Air Lines vs S&P 500 Performance Over 2007-08 Financial Crisis
DAL stock declined from levels of around $18 in October 2007 (pre-crisis peak) to levels of around $5 in March 2009 (as the markets bottomed out). However, the stock gained significantly post-2008 crisis to levels of about $11 in early 2010 – rising by 126% between March 2009 and January 2010. In comparison, the S&P 500 Index first fell 51% in the wake of the recession before recovering 48% by January 2010.
Delta Air Lines’ reported strong fundamentals prior to the pandemic
Delta Air Lines’ revenues grew by 14% from $41 billion in 2017 to $47 billion in 2019, assisted by capacity growth and ticket prices. Moreover, the company’s margins improved from lower operating costs and interest expenses. Thus, the EPS surged by 64% from $4.45 in 2017 to $7.32 in 2019. In 2020, the company’s revenues fell by 60% (y-o-y) as the capacity (ASMs) dropped by 51% and the passenger load factor plummeted to 55%.
CONCLUSION
Phases of Covid-19 crisis:
Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally
Late-March 2020 onward: Social distancing measures + lockdowns
April 2020: Fed stimulus suppresses near-term survival anxiety
May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases
Since late 2020: Weak quarterly results, but continued improvement in demand and progress with vaccine development buoy market sentiment
Strong second quarter performance indicates a likelihood of quick demand rebound after the fourth wave and an upside in Delta Air Lines stock.
Is there a better pick over Delta Air Lines stock? Delta Air Lines Stock Comparison With Peers summarizes how DAL compares against peers on metrics that matter. You can find more such useful comparisons on Peer Comparisons.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
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 shares of Delta Air Lines (NYSE: DAL) have observed a downtrend in the past two months as booking trends weakened due to the fourth wave of the pandemic. Thus, investors can bet on recovering travel demand to realize capital gains and Trefis believes that DAL stock is a good value investment. Phases of Covid-19 crisis: Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases Since late 2020: Weak quarterly results, but continued improvement in demand and progress with vaccine development buoy market sentiment Strong second quarter performance indicates a likelihood of quick demand rebound after the fourth wave and an upside in Delta Air Lines stock.
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However, the company reported strong performance in the second quarter – highlighting the likelihood of a quick demand rebound after the fourth wave. Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 1/1/2010: Initial recovery to levels before accelerated decline (around 9/1/2008) Delta Air Lines vs S&P 500 Performance Over 2007-08 Financial Crisis DAL stock declined from levels of around $18 in October 2007 (pre-crisis peak) to levels of around $5 in March 2009 (as the markets bottomed out). Phases of Covid-19 crisis: Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases Since late 2020: Weak quarterly results, but continued improvement in demand and progress with vaccine development buoy market sentiment Strong second quarter performance indicates a likelihood of quick demand rebound after the fourth wave and an upside in Delta Air Lines stock.
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Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 1/1/2010: Initial recovery to levels before accelerated decline (around 9/1/2008) Delta Air Lines vs S&P 500 Performance Over 2007-08 Financial Crisis DAL stock declined from levels of around $18 in October 2007 (pre-crisis peak) to levels of around $5 in March 2009 (as the markets bottomed out). Delta Air Lines’ reported strong fundamentals prior to the pandemic Delta Air Lines’ revenues grew by 14% from $41 billion in 2017 to $47 billion in 2019, assisted by capacity growth and ticket prices. Phases of Covid-19 crisis: Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases Since late 2020: Weak quarterly results, but continued improvement in demand and progress with vaccine development buoy market sentiment Strong second quarter performance indicates a likelihood of quick demand rebound after the fourth wave and an upside in Delta Air Lines stock.
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In comparison, the S&P 500 Index first fell 51% in the wake of the recession before recovering 48% by January 2010. Delta Air Lines’ reported strong fundamentals prior to the pandemic Delta Air Lines’ revenues grew by 14% from $41 billion in 2017 to $47 billion in 2019, assisted by capacity growth and ticket prices. Phases of Covid-19 crisis: Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases Since late 2020: Weak quarterly results, but continued improvement in demand and progress with vaccine development buoy market sentiment Strong second quarter performance indicates a likelihood of quick demand rebound after the fourth wave and an upside in Delta Air Lines stock.
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4237.0
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2021-08-24 00:00:00 UTC
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Pick Southwest Airlines Stock To Fly?
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AAL
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https://www.nasdaq.com/articles/pick-southwest-airlines-stock-to-fly-2021-08-24
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nan
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nan
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After reaching pre-Covid levels in April, the shares of Southwest Airlines (NYSE: LUV) have observed a downtrend in the past two months as booking trends weakened due to the fourth wave of the pandemic. However, the company’s significantly lower debt outstanding and higher operating margin is likely to assist strong cash generation as infections decline. The third round of payroll support program requires airlines to suspend dividends and share repurchases until September 2022. Thus, investors can bet on recovering travel demand to realize capital gains. Considering the demand surge in the second quarter as an indicator for a quick rebound after the fourth wave, Trefis believes that LUV stock is a good value investment. We highlight the historical trends in the company’s revenues, margins, and valuation multiple in an interactive dashboard analysis, Southwest Airlines’ Valuation.
Strong second-quarter performance prompted the management to increase capacity
In Q2 2021, Southwest Airlines reported a 32% contraction in net revenues and a 16% reduction in capacity (available seat miles) over Q2 2019, a sizable improvement over Q1 2021 as travel demand recovered. The company reported $348 million of net income and $2 billion of operating cash. Given the suspension of dividends and share buybacks, the operating cash supported $95 million of capital expenses, certain short-term investments, and enhanced the company’s cash position. On the operational front, occupancy rate increased by 20-percentage-points (q-o-q) to 83% prompting the management to increase capacity during the latter half of the year.
Demand surge in second-quarter indicates a quick rebound after the fourth coronavirus wave
The decline in coronavirus cases in the second quarter led to a surge in air travel demand to the extent that the daily passenger numbers at TSA checkpoints were 20% below 2019 levels. Notably, the daily passenger figures observed a 50% growth in Q2 from 1.3 million in April to 1.9 million in June. Thus, the strong surge indicates growing leisure travel demand also described by many operators as revenge tourism. Given Southwest’s strong balance sheet, a brief period of low demand is unlikely to weigh on finances. Per Q2 filings, the company reported $(5.5 billion) of net debt, which can assist salary expenses for a quarter and still retain balance sheet strength (negative net debt indicates excess cash over long-term debt).
Is there a better investment over Southwest Airlines? Southwest Airlines Stock Comparison With Peers summarizes how LUV compares against peers on metrics that matter. You can find more such useful comparisons on Peer Comparisons.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After reaching pre-Covid levels in April, the shares of Southwest Airlines (NYSE: LUV) have observed a downtrend in the past two months as booking trends weakened due to the fourth wave of the pandemic. However, the company’s significantly lower debt outstanding and higher operating margin is likely to assist strong cash generation as infections decline. Considering the demand surge in the second quarter as an indicator for a quick rebound after the fourth wave, Trefis believes that LUV stock is a good value investment.
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Strong second-quarter performance prompted the management to increase capacity In Q2 2021, Southwest Airlines reported a 32% contraction in net revenues and a 16% reduction in capacity (available seat miles) over Q2 2019, a sizable improvement over Q1 2021 as travel demand recovered. Demand surge in second-quarter indicates a quick rebound after the fourth coronavirus wave The decline in coronavirus cases in the second quarter led to a surge in air travel demand to the extent that the daily passenger numbers at TSA checkpoints were 20% below 2019 levels. Per Q2 filings, the company reported $(5.5 billion) of net debt, which can assist salary expenses for a quarter and still retain balance sheet strength (negative net debt indicates excess cash over long-term debt).
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Strong second-quarter performance prompted the management to increase capacity In Q2 2021, Southwest Airlines reported a 32% contraction in net revenues and a 16% reduction in capacity (available seat miles) over Q2 2019, a sizable improvement over Q1 2021 as travel demand recovered. Demand surge in second-quarter indicates a quick rebound after the fourth coronavirus wave The decline in coronavirus cases in the second quarter led to a surge in air travel demand to the extent that the daily passenger numbers at TSA checkpoints were 20% below 2019 levels. Per Q2 filings, the company reported $(5.5 billion) of net debt, which can assist salary expenses for a quarter and still retain balance sheet strength (negative net debt indicates excess cash over long-term debt).
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Considering the demand surge in the second quarter as an indicator for a quick rebound after the fourth wave, Trefis believes that LUV stock is a good value investment. Strong second-quarter performance prompted the management to increase capacity In Q2 2021, Southwest Airlines reported a 32% contraction in net revenues and a 16% reduction in capacity (available seat miles) over Q2 2019, a sizable improvement over Q1 2021 as travel demand recovered. Is there a better investment over Southwest Airlines?
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4238.0
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2021-08-24 00:00:00 UTC
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U.S. companies including Airbnb, Walmart pitch in on Afghanistan aid
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AAL
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https://www.nasdaq.com/articles/u.s.-companies-including-airbnb-walmart-pitch-in-on-afghanistan-aid-2021-08-24
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nan
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Aug 24 (Reuters) - U.S. companies including Airbnb Inc ABNB.O and Walmart Inc WMT.N are lending a hand to the people of Afghanistan after the recent collapse of the U.S.-backed government and takeover by the Taliban militant group.
Home rental company Airbnb Inc said on Tuesday it would provide temporary housing to 20,000 Afghan refugees worldwide.
The effort will be funded by Airbnb, its chief executive, Brian Chesky, and donations to its charity Airbnb.org, the company said in a blog.
"We are providing this housing through resettlement agencies and partners, who are in direct coordination with refugees and are advising on their needs for length of stay," a company spokeswoman said.
"While we are only providing temporary (not permanent) housing, we are committed to housing these families for as long as they need."
The Taliban seized power in Afghanistan last week as the United States and its allies withdrew troops from the country. The United States and its allies are racing to complete the evacuation of all foreigners and vulnerable Afghans before the expiry of an Aug. 31 deadline agreed with the Taliban.
Over the past weekend, Airbnb.org has worked with partners to place 165 refugees in safe housing shortly after they landed in the United States, Airbnb said.
U.S. military and coalition flights evacuated 21,600 people from Kabul, Afghanistan, in a 24-hour period since early Monday, a White House official said on Tuesday.
In another example of companies pitching in, U.S. wireless carrier Verizon Inc VZ.N said on Tuesday it plans to waive charges for calls from its consumer and business customers to Afghanistan, starting Wednesday and running through Sept. 6. Its customers, including those that call from landlines, will not face any charges during that period, the Basking Ridge, New Jersey-based based company said in a statement.
Discount retailer Walmart Inc WMT.N said in a blog post on Tuesday that it plans, through its foundation, to donate $1 million to three nonprofits supporting Afghan refugees entering the United States, as well as to veterans and their families. Those organizations are the Lutheran Immigration and Refugee Service, No One Left Behind and the Tragedy Assistance Program for Survivors.
On Sunday, the United States enlisted the help of six commercial airlines to help transport people after their evacuation from Afghanistan as Washington seeks to step up the pace of departures of Americans and at-risk Afghans from Kabul.
The Pentagon said on Sunday it called up 18 civilian aircraft from United Airlines UAL.O, American Airlines AAL.O, Delta Air Lines DAL.N and others to carry people from temporary locations after they landed on flights from Afghanistan, leaning on the industry it last called on during the Iraq War in 2003.
(Reporting by Sanjana Shivdas in Bengaluru Writing by Anna Driver Editing by Saumyadeb Chakrabarty and Matthew Lewis)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
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 Pentagon said on Sunday it called up 18 civilian aircraft from United Airlines UAL.O, American Airlines AAL.O, Delta Air Lines DAL.N and others to carry people from temporary locations after they landed on flights from Afghanistan, leaning on the industry it last called on during the Iraq War in 2003. In another example of companies pitching in, U.S. wireless carrier Verizon Inc VZ.N said on Tuesday it plans to waive charges for calls from its consumer and business customers to Afghanistan, starting Wednesday and running through Sept. 6. Discount retailer Walmart Inc WMT.N said in a blog post on Tuesday that it plans, through its foundation, to donate $1 million to three nonprofits supporting Afghan refugees entering the United States, as well as to veterans and their families.
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The Pentagon said on Sunday it called up 18 civilian aircraft from United Airlines UAL.O, American Airlines AAL.O, Delta Air Lines DAL.N and others to carry people from temporary locations after they landed on flights from Afghanistan, leaning on the industry it last called on during the Iraq War in 2003. Home rental company Airbnb Inc said on Tuesday it would provide temporary housing to 20,000 Afghan refugees worldwide. U.S. military and coalition flights evacuated 21,600 people from Kabul, Afghanistan, in a 24-hour period since early Monday, a White House official said on Tuesday.
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The Pentagon said on Sunday it called up 18 civilian aircraft from United Airlines UAL.O, American Airlines AAL.O, Delta Air Lines DAL.N and others to carry people from temporary locations after they landed on flights from Afghanistan, leaning on the industry it last called on during the Iraq War in 2003. Home rental company Airbnb Inc said on Tuesday it would provide temporary housing to 20,000 Afghan refugees worldwide. On Sunday, the United States enlisted the help of six commercial airlines to help transport people after their evacuation from Afghanistan as Washington seeks to step up the pace of departures of Americans and at-risk Afghans from Kabul.
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The Pentagon said on Sunday it called up 18 civilian aircraft from United Airlines UAL.O, American Airlines AAL.O, Delta Air Lines DAL.N and others to carry people from temporary locations after they landed on flights from Afghanistan, leaning on the industry it last called on during the Iraq War in 2003. Home rental company Airbnb Inc said on Tuesday it would provide temporary housing to 20,000 Afghan refugees worldwide. "We are providing this housing through resettlement agencies and partners, who are in direct coordination with refugees and are advising on their needs for length of stay," a company spokeswoman said.
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4239.0
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2021-08-24 00:00:00 UTC
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Why Travel Stocks Are Higher Today
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AAL
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https://www.nasdaq.com/articles/why-travel-stocks-are-higher-today-2021-08-24
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nan
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nan
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What happened
The so-called "reopening trade" took flight on Tuesday, with headlines suggesting the latest pandemic surge had peaked in a number of key states and that optimism continues about the vaccine rollout. Booking Holdings (NASDAQ: BKNG) shares rallied 6% higher, and among airline stocks shares of American Airlines Group (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), United Airlines Holdings (NASDAQ: UAL), and Spirit Airlines (NYSE: SAVE) each climbed 5%.
So what
Airline stocks and other travel companies have been stuck in a holding pattern of late. The sector was hit hard last year when the pandemic brought travel demand to a halt, but had rallied in early 2021 on increasing demand thanks to vaccines.
That rally has since faded. The delta variant has led to an uptick in new COVID-19 cases, which could be a threat to fall travel. And with most of the demand we have seen this summer tied to leisure and not business travel, there is some concern that the upcoming Labor Day weekend could lead to a severe drop off in passengers.
Image source: Getty Images.
Markets on Tuesday rallied on talk that COVID-19, in the words of one Wall Street observer, appears "to be rolling over" in 18 U.S. states, meaning the worst of the surge could soon be behind us. That helped continue a rally fueled by the Food and Drug Administration's decision earlier in the week to grant full approval to the Pfizer vaccine, opening the way for more employers to mandate the jabs.
Although travel companies have stabilized, the sector can't really take flight again until the pandemic is fully under control. Southwest and Spirit are both known for catering to leisure travelers, and should be among the beneficiaries if tourism travel continues into the fall. Similarly, Booking operates sites including Booking.com, Priceline.com, Kayak, and OpenTable that lean heavily on vacationers.
American and United need a return of business travel to really get healthy, but both airlines have worked to revamp their schedules to take advantage of spring and summer demand for travel to sun-filled destinations.
Now what
As we've seen time and time again with the pandemic, it is dangerous to draw any long-term conclusions based on a few days' worth of data. The airlines and the companies that rely on them for revenue have been flying through turbulence for nearly 18 months now due to COVID-19, and investors would be wise to keep their seatbelts fastened.
That said, the worst does appear to be behind us. While there might be a need for some local travel restrictions due to the pandemic, there is no indication yet that people are avoiding traveling for the holidays, which should provide another boost to revenue in the months to come.
It's not likely to be straight up from here, but for those with a long enough time horizon the travel sector does appear to be moving in the right direction. Among airlines, Southwest and Spirit, with their relatively low cost structures, appear likely near-term winners, and Booking should give investors a way to benefit from a slow but steady return to normal without having to pick winners and losers in the aviation business.
10 stocks we like better than Southwest Airlines
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Southwest Airlines wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of August 9, 2021
Lou Whiteman owns shares of Booking Holdings and Spirit Airlines. The Motley Fool owns shares of and recommends Booking Holdings and Spirit Airlines. The Motley Fool recommends 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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Booking Holdings (NASDAQ: BKNG) shares rallied 6% higher, and among airline stocks shares of American Airlines Group (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), United Airlines Holdings (NASDAQ: UAL), and Spirit Airlines (NYSE: SAVE) each climbed 5%. What happened The so-called "reopening trade" took flight on Tuesday, with headlines suggesting the latest pandemic surge had peaked in a number of key states and that optimism continues about the vaccine rollout. And with most of the demand we have seen this summer tied to leisure and not business travel, there is some concern that the upcoming Labor Day weekend could lead to a severe drop off in passengers.
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Booking Holdings (NASDAQ: BKNG) shares rallied 6% higher, and among airline stocks shares of American Airlines Group (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), United Airlines Holdings (NASDAQ: UAL), and Spirit Airlines (NYSE: SAVE) each climbed 5%. The Motley Fool owns shares of and recommends Booking Holdings and Spirit Airlines. The Motley Fool recommends Southwest Airlines.
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Booking Holdings (NASDAQ: BKNG) shares rallied 6% higher, and among airline stocks shares of American Airlines Group (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), United Airlines Holdings (NASDAQ: UAL), and Spirit Airlines (NYSE: SAVE) each climbed 5%. American and United need a return of business travel to really get healthy, but both airlines have worked to revamp their schedules to take advantage of spring and summer demand for travel to sun-filled destinations. See the 10 stocks *Stock Advisor returns as of August 9, 2021 Lou Whiteman owns shares of Booking Holdings and Spirit Airlines.
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Booking Holdings (NASDAQ: BKNG) shares rallied 6% higher, and among airline stocks shares of American Airlines Group (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), United Airlines Holdings (NASDAQ: UAL), and Spirit Airlines (NYSE: SAVE) each climbed 5%. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Southwest Airlines wasn't one of them! See the 10 stocks *Stock Advisor returns as of August 9, 2021 Lou Whiteman owns shares of Booking Holdings and Spirit Airlines.
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4240.0
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2021-08-23 00:00:00 UTC
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South Africa aims to bring pilot carbon capture project online in 2023
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AAL
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https://www.nasdaq.com/articles/south-africa-aims-to-bring-pilot-carbon-capture-project-online-in-2023-2021-08-23
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nan
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nan
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By Wendell Roelf
CAPE TOWN, Aug 23 (Reuters) - South Africa has started geological mapping at the country's first carbon capture and storage (CCS) site, where it plans to inject vast quantities of CO2 deep underground from 2023, a senior Council for Geoscience official said.
The project will be based around the town of Leandra, Mpumalanga province, in South Africa's north east, a carbon emissions hotspot and home to several coal-fired power stations as well as Sasol's SOLJ.J Secunda coal-to-liquids fuel plant, the world's largest.
Releasing around 470 million tonnes of carbon dioxide (CO2) a year, South Africa is the continent's biggest emitter of greenhouse gases, and coal provides the bulk of its electricity.
CCS is controversial, with environmentalists saying it risks becoming an excuse to continue burning fossil fuels, and could lead to neglect of nature's own carbon capture system, forests, which also sustain biodiversity and rainfall.
Others however see it as essential to meeting the goal of a net carbon zero world economy by 2050. Its most enthusiastic backer is the global coal industry.
The South African government has repeatedly defended its right to tap into abundant coal deposits even as the country increases its use of renewable energy.
"South Africa will still be using coal for a very long time, so... we need to try and use it responsibly to limit CO2 emissions," David Khoza, the CGS executive manager running the project, said.
The deadline for tapping a $23 million World Bank grant to fund the CCS project was originally set for December this year, but has now been pushed out to June 2023, a bank spokesperson told Reuters.
Khoza said the project will link a pipeline transporting compressed CO2 from major emitting sources such as Secunda directly to the identified injection site that is overlain with an "impermeable rock cap".
"We will test the feasibility of injecting between 10,000 to 50,000 metric tons of CO2 (a year) to a depth of at least 1 km, with the first injection seen late in 2023," Khoza said.
South Africa has approximately 150 gigatonnes of potential storage capacity, mainly in offshore basins on the east and west coast, researchers said.
Sasol said it was working with the CGS, although it said previous assessments showed the associated cost was very high and sequestration may not be economically viable.
"Sasol remains intent to collaborate with a view to learn more about the success factors for CO2 sequestration and explore partnerships for larger scale opportunities," a spokesperson said.
(Editing by Tim Cocks and Jan Harvey)
((wendell.roelf@thomsonreuters.com; +27 21 461 3523;))
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 Wendell Roelf CAPE TOWN, Aug 23 (Reuters) - South Africa has started geological mapping at the country's first carbon capture and storage (CCS) site, where it plans to inject vast quantities of CO2 deep underground from 2023, a senior Council for Geoscience official said. The project will be based around the town of Leandra, Mpumalanga province, in South Africa's north east, a carbon emissions hotspot and home to several coal-fired power stations as well as Sasol's SOLJ.J Secunda coal-to-liquids fuel plant, the world's largest. CCS is controversial, with environmentalists saying it risks becoming an excuse to continue burning fossil fuels, and could lead to neglect of nature's own carbon capture system, forests, which also sustain biodiversity and rainfall.
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By Wendell Roelf CAPE TOWN, Aug 23 (Reuters) - South Africa has started geological mapping at the country's first carbon capture and storage (CCS) site, where it plans to inject vast quantities of CO2 deep underground from 2023, a senior Council for Geoscience official said. The project will be based around the town of Leandra, Mpumalanga province, in South Africa's north east, a carbon emissions hotspot and home to several coal-fired power stations as well as Sasol's SOLJ.J Secunda coal-to-liquids fuel plant, the world's largest. The deadline for tapping a $23 million World Bank grant to fund the CCS project was originally set for December this year, but has now been pushed out to June 2023, a bank spokesperson told Reuters.
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By Wendell Roelf CAPE TOWN, Aug 23 (Reuters) - South Africa has started geological mapping at the country's first carbon capture and storage (CCS) site, where it plans to inject vast quantities of CO2 deep underground from 2023, a senior Council for Geoscience official said. The project will be based around the town of Leandra, Mpumalanga province, in South Africa's north east, a carbon emissions hotspot and home to several coal-fired power stations as well as Sasol's SOLJ.J Secunda coal-to-liquids fuel plant, the world's largest. Releasing around 470 million tonnes of carbon dioxide (CO2) a year, South Africa is the continent's biggest emitter of greenhouse gases, and coal provides the bulk of its electricity.
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By Wendell Roelf CAPE TOWN, Aug 23 (Reuters) - South Africa has started geological mapping at the country's first carbon capture and storage (CCS) site, where it plans to inject vast quantities of CO2 deep underground from 2023, a senior Council for Geoscience official said. The project will be based around the town of Leandra, Mpumalanga province, in South Africa's north east, a carbon emissions hotspot and home to several coal-fired power stations as well as Sasol's SOLJ.J Secunda coal-to-liquids fuel plant, the world's largest. Releasing around 470 million tonnes of carbon dioxide (CO2) a year, South Africa is the continent's biggest emitter of greenhouse gases, and coal provides the bulk of its electricity.
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4241.0
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2021-08-22 00:00:00 UTC
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U.S. recruits commercial airlines to help move Afghanistan evacuees
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AAL
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https://www.nasdaq.com/articles/u.s.-recruits-commercial-airlines-to-help-move-afghanistan-evacuees-2021-08-22
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By Idrees Ali and Susan Heavey
WASHINGTON, Aug 22 (Reuters) - The United States has enlisted the help of six commercial airlines to help transport people after their evacuation from Afghanistan as Washington seeks to step up the pace of departures of Americans and at-risk Afghans from Kabul.
The Pentagon said on Sunday it called up 18 civilian aircraft from United Airlines, American Airlines, Delta Air and others to carry people from temporary locations after they landed on flights from Afghanistan, leaning on the industry it last called on during the Iraq War in 2003.
The move highlights the difficulty Washington is having carrying out the evacuations following the Taliban's swift takeover.
Thousands of people remained outside the Kabul international airport on Sunday hoping to be evacuated as Taliban gunmen beat back crowds.
“It’s a program that was designed in the wake of the Berlin airlift after World War Two to use commercial aircraft to augment our airlift capacity,” President Joe Biden said in an address from the White House on Sunday afternoon, adding that airlines voluntarily signed up for the program.
Biden said the flights would bring people from "staging locations" like Qatar and Germany to the United States or a third country. He called it the initial stage of the program.
"None of them will be landing in Kabul," he said.
American Airlines AAL.O, Atlas Air AAWW.O, Delta Air Lines DAL.N and privately held Omni Air will provide three aircraft each. There are also two from Hawaiian Airlines HA.O, and four from United Airlines UAL.O.
American and Delta said they would start relief flights on Monday and, along with other carriers, welcomed the call to aid the U.S. military amid the humanitarian crisis.
"American ... is proud to fulfill its duty to help the U.S. military scale this humanitarian and diplomatic rescue mission. The images from Afghanistan are heartbreaking," it said in a statement.
Biden said the operation should have only a minimal effect on commercial flights.
Delta said its commercial operations were unaffected, while American said it "will work to minimize the impact to customers as the airline temporarily removes these aircraft from our operation." United said it was still assessing the impact but expected it "to be minimal."
Atlas Air said it would carry evacuees to the United States "and will be standing by should additional capacity be needed."
'CIVIL RESERVE AIR FLEET'
In the past 24 hours, about 3,900 people have been evacuated from Kabul on 35 coalition aircraft, including commercial airlines, and 3,900 others on 23 U.S. military flights, according to the White House. Altogether, about 25,100 people have been evacuated since Aug. 14, it added.
Bahrain's national carrier, Gulf Air, operated a flight from Isa Air Base to Dulles International Airport outside Washington as part of the evacuation efforts, Bahrain's government's media office, NCC, said on Sunday.
The United States last utilized the "Civil Reserve Air Fleet" in the period leading up to and including the invasion of Iraq and prior to that, the 1991 Gulf War.
The limited number of aircraft is just one of the issues facing the evacuation from Afghanistan that has evacuees being sent to a dozen countries.
Officials have said they are also frustrated with slow processing by the Department of Homeland Security and State Department, and there is increasing concern about security in Kabul.
The United States and its allies have brought in several thousand troops to manage the evacuations of foreign citizens and vulnerable Afghans, but have stayed away from areas outside of the Kabul airport.
White House national security adviser Jake Sullivan told CNN the United States had "secured the capacity to get large numbers of Americans safe passage through the airport and onto the airfield" in Afghanistan, but gave no details.
Last week, the U.S. military used three military helicopters to bring 169 Americans to the Kabul airport from a building just 650 feet (200 m)away. Officials say that type of operation is expected to continue.
Biden said he directed the State Department to contact Americans stranded in Afghanistan by phone, email and other means and that the United States was “executing a plan” to move them to the Kabul airport.
“I will say again today what I’ve said before: Any American who wants to get home will get home," Biden said.
(Reporting by Idrees Ali and Susan Heavey; Additional reporting by Andrea Shalal, Sarah N. Lynch, David Shepardson, Ghaida Ghantous and Simon Lewis; Editing by Daniel Wallis, Grant McCool and Peter Cooney)
((Idrees.ali@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines AAL.O, Atlas Air AAWW.O, Delta Air Lines DAL.N and privately held Omni Air will provide three aircraft each. Thousands of people remained outside the Kabul international airport on Sunday hoping to be evacuated as Taliban gunmen beat back crowds. The United States last utilized the "Civil Reserve Air Fleet" in the period leading up to and including the invasion of Iraq and prior to that, the 1991 Gulf War.
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American Airlines AAL.O, Atlas Air AAWW.O, Delta Air Lines DAL.N and privately held Omni Air will provide three aircraft each. The Pentagon said on Sunday it called up 18 civilian aircraft from United Airlines, American Airlines, Delta Air and others to carry people from temporary locations after they landed on flights from Afghanistan, leaning on the industry it last called on during the Iraq War in 2003. Bahrain's national carrier, Gulf Air, operated a flight from Isa Air Base to Dulles International Airport outside Washington as part of the evacuation efforts, Bahrain's government's media office, NCC, said on Sunday.
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American Airlines AAL.O, Atlas Air AAWW.O, Delta Air Lines DAL.N and privately held Omni Air will provide three aircraft each. By Idrees Ali and Susan Heavey WASHINGTON, Aug 22 (Reuters) - The United States has enlisted the help of six commercial airlines to help transport people after their evacuation from Afghanistan as Washington seeks to step up the pace of departures of Americans and at-risk Afghans from Kabul. The Pentagon said on Sunday it called up 18 civilian aircraft from United Airlines, American Airlines, Delta Air and others to carry people from temporary locations after they landed on flights from Afghanistan, leaning on the industry it last called on during the Iraq War in 2003.
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American Airlines AAL.O, Atlas Air AAWW.O, Delta Air Lines DAL.N and privately held Omni Air will provide three aircraft each. By Idrees Ali and Susan Heavey WASHINGTON, Aug 22 (Reuters) - The United States has enlisted the help of six commercial airlines to help transport people after their evacuation from Afghanistan as Washington seeks to step up the pace of departures of Americans and at-risk Afghans from Kabul. The Pentagon said on Sunday it called up 18 civilian aircraft from United Airlines, American Airlines, Delta Air and others to carry people from temporary locations after they landed on flights from Afghanistan, leaning on the industry it last called on during the Iraq War in 2003.
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4242.0
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2021-08-20 00:00:00 UTC
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Notable Friday Option Activity: CLDX, AAL, ITCI
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AAL
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-cldx-aal-itci-2021-08-20
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Celldex Therapeutics, Inc. (Symbol: CLDX), where a total of 4,602 contracts have traded so far, representing approximately 460,200 underlying shares. That amounts to about 75% of CLDX's average daily trading volume over the past month of 613,485 shares. Especially high volume was seen for the $30 strike call option expiring November 19, 2021, with 2,006 contracts trading so far today, representing approximately 200,600 underlying shares of CLDX. Below is a chart showing CLDX's trailing twelve month trading history, with the $30 strike highlighted in orange:
American Airlines Group Inc (Symbol: AAL) saw options trading volume of 223,448 contracts, representing approximately 22.3 million underlying shares or approximately 74.1% of AAL's average daily trading volume over the past month, of 30.2 million shares. Particularly high volume was seen for the $23 strike put option expiring August 20, 2021, with 28,080 contracts trading so far today, representing approximately 2.8 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $23 strike highlighted in orange:
And Intra-Cellular Therapies Inc (Symbol: ITCI) saw options trading volume of 3,573 contracts, representing approximately 357,300 underlying shares or approximately 73.4% of ITCI's average daily trading volume over the past month, of 486,580 shares. Particularly high volume was seen for the $35 strike call option expiring January 21, 2022, with 1,570 contracts trading so far today, representing approximately 157,000 underlying shares of ITCI. Below is a chart showing ITCI's trailing twelve month trading history, with the $35 strike highlighted in orange:
For the various different available expirations for CLDX options, AAL options, or ITCI options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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 $23 strike put option expiring August 20, 2021, with 28,080 contracts trading so far today, representing approximately 2.8 million underlying shares of AAL. Below is a chart showing CLDX's trailing twelve month trading history, with the $30 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) saw options trading volume of 223,448 contracts, representing approximately 22.3 million underlying shares or approximately 74.1% of AAL's average daily trading volume over the past month, of 30.2 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $23 strike highlighted in orange: And Intra-Cellular Therapies Inc (Symbol: ITCI) saw options trading volume of 3,573 contracts, representing approximately 357,300 underlying shares or approximately 73.4% of ITCI's average daily trading volume over the past month, of 486,580 shares.
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Below is a chart showing CLDX's trailing twelve month trading history, with the $30 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) saw options trading volume of 223,448 contracts, representing approximately 22.3 million underlying shares or approximately 74.1% of AAL's average daily trading volume over the past month, of 30.2 million shares. Particularly high volume was seen for the $23 strike put option expiring August 20, 2021, with 28,080 contracts trading so far today, representing approximately 2.8 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $23 strike highlighted in orange: And Intra-Cellular Therapies Inc (Symbol: ITCI) saw options trading volume of 3,573 contracts, representing approximately 357,300 underlying shares or approximately 73.4% of ITCI's average daily trading volume over the past month, of 486,580 shares.
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Below is a chart showing CLDX's trailing twelve month trading history, with the $30 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) saw options trading volume of 223,448 contracts, representing approximately 22.3 million underlying shares or approximately 74.1% of AAL's average daily trading volume over the past month, of 30.2 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $23 strike highlighted in orange: And Intra-Cellular Therapies Inc (Symbol: ITCI) saw options trading volume of 3,573 contracts, representing approximately 357,300 underlying shares or approximately 73.4% of ITCI's average daily trading volume over the past month, of 486,580 shares. Particularly high volume was seen for the $23 strike put option expiring August 20, 2021, with 28,080 contracts trading so far today, representing approximately 2.8 million underlying shares of AAL.
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Below is a chart showing CLDX's trailing twelve month trading history, with the $30 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) saw options trading volume of 223,448 contracts, representing approximately 22.3 million underlying shares or approximately 74.1% of AAL's average daily trading volume over the past month, of 30.2 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $23 strike highlighted in orange: And Intra-Cellular Therapies Inc (Symbol: ITCI) saw options trading volume of 3,573 contracts, representing approximately 357,300 underlying shares or approximately 73.4% of ITCI's average daily trading volume over the past month, of 486,580 shares. Particularly high volume was seen for the $23 strike put option expiring August 20, 2021, with 28,080 contracts trading so far today, representing approximately 2.8 million underlying shares of AAL.
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4243.0
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2021-08-20 00:00:00 UTC
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American Airlines Cracks a Key Level as Covid-19 Concerns Grow
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AAL
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https://www.nasdaq.com/articles/american-airlines-cracks-a-key-level-as-covid-19-concerns-grow-2021-08-20
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
American Airlines (NYSE:AAL) shares continued their descent Thursday, marking the sixth straight losing session in a row. The 2.14% drop carried AAL stock deeper below the 200-day moving average and has fanboys looking to bail out. If you’re looking for a reason for the rollover, here are three to consider.
AAL) airplane waiting on the tarmac. Represents airline stocks." width="300" height="169">
Source: GagliardiPhotography / Shutterstock.com
First, American Airlines has been tracking the trajectory of the Russell 2000 Index for most of the year. When small caps were in favor, AAL climbed. When the little guys fell out of favor, AAL dived. Though the Russell went bananas after last November’s vaccine news, its rally ultimately sputtered out in March. Given the past week of selling, the index has now fallen nearly 10% from its highs.
For American Airlines to take off again, we need capital to rotate back into small caps.
And that brings us to the second potential culprit for the damage: the delta variant.
AAL Stock and Covid-19 Concerns
If the initial catalyst that brought buyers running into airline stocks was the arrival of a vaccine, then it makes sense that the delta variant and accompanying rise in Covid-19 cases could derail the optimism. Whether or not investors have gone too far in punishing American Airlines and friends in the wake of the surge remains to be seen. For its part, AAL stock is almost 30% off its 2021 highs.
7 Infrastructure Stocks to Buy as the $1 Trillion Flows In
Yet a third more immediate concern fueling the selling is the Fed meeting minutes, which revealed the monetary magicians at the U.S. central bank are looking to taper their asset purchases before year-end. While this is just the very beginning of tightening policy, the mere thought of it made more than a few traders panic. And their fear was most felt in smaller cyclical stocks. Like airlines!
News and narratives aside, it is the price chart of American Airlines that should speak the loudest. Let’s take a closer look at the recent damage and map out potential scenarios moving forward.
AAL’s Chart Is on the Ropes
Source: The thinkorswim® platform from TD Ameritrade
We’re starting with the weekly time frame because it nicely frames the significance of the current support test. The $18 to $19 zone has played an important role over the past two years. For half the time it acted as resistance, stymieing each advance and keeping a lid on the recovery. Then, when we finally blasted through it, its role reversed to support.
I’ll hasten to add that the rising 50-week moving average is also making an appearance in this area. Holding above it is required to keep the health of the overall weekly uptrend intact.
The daily chart adds a little more concern to the conversation in light of this week’s break of the 200-day moving average. The 20-day and 50-day are also coming down hard overhead. That said, we are down six days in a row and sitting at a major floor. If ever there was a time for bulls to unite, it’s now. If they fail here, it’s really difficult to entertain any bullish trades for AAL.
Action for Optimists
Source: The thinkorswim® platform from TD Ameritrade
If you want to take the more optimistic route and bank on American Airlines not falling too much further from here, then short puts offer a sizeable payday.
The Trade: Sell the September $16 put for 30 cents.
The initial margin requirement should be around $150, which gives you the potential for a 20% return if AAL stays above $16. If it doesn’t, you will be required to buy shares at a cost basis of $15.70, which could be a great price if airlines eventually recover back to their 2021 highs.
On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
For a free trial to the best trading community on the planet and Tyler’s current home, click here!
The post American Airlines Cracks a Key Level as Covid-19 Concerns Grow 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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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NYSE:AAL) shares continued their descent Thursday, marking the sixth straight losing session in a row. The 2.14% drop carried AAL stock deeper below the 200-day moving average and has fanboys looking to bail out. AAL) airplane waiting on the tarmac.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NYSE:AAL) shares continued their descent Thursday, marking the sixth straight losing session in a row. The 2.14% drop carried AAL stock deeper below the 200-day moving average and has fanboys looking to bail out. AAL) airplane waiting on the tarmac.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NYSE:AAL) shares continued their descent Thursday, marking the sixth straight losing session in a row. AAL Stock and Covid-19 Concerns If the initial catalyst that brought buyers running into airline stocks was the arrival of a vaccine, then it makes sense that the delta variant and accompanying rise in Covid-19 cases could derail the optimism. AAL’s Chart Is on the Ropes Source: The thinkorswim® platform from TD Ameritrade We’re starting with the weekly time frame because it nicely frames the significance of the current support test.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NYSE:AAL) shares continued their descent Thursday, marking the sixth straight losing session in a row. The 2.14% drop carried AAL stock deeper below the 200-day moving average and has fanboys looking to bail out. AAL) airplane waiting on the tarmac.
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4244.0
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2021-08-20 00:00:00 UTC
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Pre-Market Most Active for Aug 20, 2021 : MRIN, SQQQ, DIDI, HMC, ENDP, AAL, PSTH, NIO, RLX, CLOV, BABA, TSLA
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-aug-20-2021-%3A-mrin-sqqq-didi-hmc-endp-aal-psth-nio-rlx-clov
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The NASDAQ 100 Pre-Market Indicator is up 21.16 to 14,955.1. The total Pre-Market volume is currently 21,009,898 shares traded.
The following are the most active stocks for the pre-market session:
Marin Software Incorporated (MRIN) is +0.88 at $5.69, with 3,489,665 shares traded.
ProShares UltraPro Short QQQ (SQQQ) is unchanged at $8.36, with 1,105,981 shares traded. This represents a 4.63% increase from its 52 Week Low.
DiDi Global Inc. (DIDI) is +0.0399 at $7.24, with 998,226 shares traded. DIDI's current last sale is 28.96% of the target price of $25.
Honda Motor Company, Ltd. (HMC) is -1.3507 at $29.39, with 923,967 shares traded. As reported by Zacks, the current mean recommendation for HMC is in the "strong buy range".
Endo International plc (ENDP) is -0.66 at $2.89, with 658,517 shares traded. ENDP's current last sale is 41.29% of the target price of $7.
American Airlines Group, Inc. (AAL) is -0.11 at $18.62, with 645,898 shares traded. Over the last four weeks they have had 8 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021. The consensus EPS forecast is $-0.77. AAL's current last sale is 88.67% of the target price of $21.
Pershing Square Tontine Holdings, Ltd. (PSTH) is -0.19 at $19.80, with 598,671 shares traded., following a 52-week high recorded in prior regular session.
NIO Inc. (NIO) is +0.13 at $36.42, with 528,272 shares traded. As reported by Zacks, the current mean recommendation for NIO is in the "buy range".
RLX Technology Inc. (RLX) is +0.04 at $4.27, with 387,099 shares traded. As reported by Zacks, the current mean recommendation for RLX is in the "strong buy range".
Clover Health Investments, Corp. (CLOV) is +0.19 at $7.75, with 350,974 shares traded. CLOV's current last sale is 77.5% of the target price of $10.
Alibaba Group Holding Limited (BABA) is +0.75 at $161.30, with 341,119 shares traded., following a 52-week high recorded in prior regular session.
Tesla, Inc. (TSLA) is +11.53 at $685.00, with 336,502 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021. The consensus EPS forecast is $0.8. TSLA's current last sale is 91.95% of the target price of $745.
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) is -0.11 at $18.62, with 645,898 shares traded. AAL's current last sale is 88.67% of the target price of $21. ProShares UltraPro Short QQQ (SQQQ) is unchanged at $8.36, with 1,105,981 shares traded.
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American Airlines Group, Inc. (AAL) is -0.11 at $18.62, with 645,898 shares traded. AAL's current last sale is 88.67% of the target price of $21. As reported by Zacks, the current mean recommendation for HMC is in the "strong buy range".
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American Airlines Group, Inc. (AAL) is -0.11 at $18.62, with 645,898 shares traded. AAL's current last sale is 88.67% of the target price of $21. Over the last four weeks they have had 8 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021.
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American Airlines Group, Inc. (AAL) is -0.11 at $18.62, with 645,898 shares traded. AAL's current last sale is 88.67% of the target price of $21. The following are the most active stocks for the pre-market session:
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4245.0
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2021-08-19 00:00:00 UTC
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Maskless flyers face $9,000 fines as U.S. FAA tackles unruly passengers
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AAL
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https://www.nasdaq.com/articles/maskless-flyers-face-%249000-fines-as-u.s.-faa-tackles-unruly-passengers-2021-08-19
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nan
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By David Shepardson
WASHINGTON, Aug 19 (Reuters) - The U.S. Federal Aviation Administration on Thursday proposed $531,545 in civil penalties against 34 airline passengers over unruly behavior - with some facing $9,000 fines for defying mask requirements - pushing its total for the year past $1 million.
The United States has seen a significant jump in reported cases of passengers causing disturbances on airplanes, including ignoring a federal mandate to wear face masks during the COVID-19 pandemic. Numerous videos of confrontations have drawn attention on social media.
The FAA, which regulates U.S. civil aviation, since Jan. 1 has received 3,889 reports of unruly passengers, including 2,867 reports of people refusing to comply with the mask mandate. In total, the agency has proposed more than $1 million in fines this year for unruly passengers.
The agency has initiated three times as many such enforcement cases in the first seven months of 2021 compared to all of 2020. The FAA said some passengers were hit with $9,000 fines for not wearing masks, while other maskless people faced higher penalties for engaging in additional onboard bad behavior.
The Transportation Security Administration on Tuesday said it would extend existing mask requirements for airports, airplanes, trains and transit hubs through Jan. 18.
FAA Administrator Steve Dickson this month asked U.S. airports to assist in the effort to crack down on disruptive air passengers. Dickson in March extended indefinitely a "zero tolerance policy" on unruly air passengers. Dickson noted that alcohol often contributes to unsafe behavior and urged airports to prevent passengers from taking alcoholic drinks on planes.
American Airlines confirmed on Thursday it would extend a ban on main cabin alcohol sales through Jan. 18.
Airlines for America, a trade group representing major U.S. carriers, said it appreciates "the FAA's continued support and enforcement of the 'zero tolerance' policy for travelers who do not follow crewmember instructions and who do not abide by federal law."
Among new FAA fines announced Thursday:
* $45,000 against a JetBlue JBLU.O passenger flying from New York to Florida in May for throwing objects "including his carry-on luggage at other passengers; refusing to stay seated; lying on the floor in the aisle, refusing to get up, and then grabbing a flight attendant by the ankles and putting his head up her skirt." The passenger was placed in handcuffs and the flight made an emergency landing in Virginia.
* $42,000 against a JetBlue passenger on a May flight from New York to San Francisco for failing to comply with the face mask mandate and other misbehavior including "making stabbing gestures towards certain passengers; and snorting what appeared to be cocaine from a plastic bag, which the cabin crew confiscated." The flight diverted to Minneapolis, where police removed the passenger.
* $30,000 against a Frontier Airlines passenger on a January flight from Atlanta to New York who during deplaning "attempted to gain entry to the flight deck by physically assaulting two flight attendants, threatening to kill one of them, and demanding them to open the door."
FAA urges airports to assist in unruly air passenger crackdown
(Reporting by David Shepardson; Editing by Gerry Doyle and Will Dunham)
((David.Shepardson@thomsonreuters.com; 202 898 8324))
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 David Shepardson WASHINGTON, Aug 19 (Reuters) - The U.S. Federal Aviation Administration on Thursday proposed $531,545 in civil penalties against 34 airline passengers over unruly behavior - with some facing $9,000 fines for defying mask requirements - pushing its total for the year past $1 million. The United States has seen a significant jump in reported cases of passengers causing disturbances on airplanes, including ignoring a federal mandate to wear face masks during the COVID-19 pandemic. Airlines for America, a trade group representing major U.S. carriers, said it appreciates "the FAA's continued support and enforcement of the 'zero tolerance' policy for travelers who do not follow crewmember instructions and who do not abide by federal law."
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By David Shepardson WASHINGTON, Aug 19 (Reuters) - The U.S. Federal Aviation Administration on Thursday proposed $531,545 in civil penalties against 34 airline passengers over unruly behavior - with some facing $9,000 fines for defying mask requirements - pushing its total for the year past $1 million. The FAA, which regulates U.S. civil aviation, since Jan. 1 has received 3,889 reports of unruly passengers, including 2,867 reports of people refusing to comply with the mask mandate. FAA urges airports to assist in unruly air passenger crackdown (Reporting by David Shepardson; Editing by Gerry Doyle and Will Dunham) ((David.Shepardson@thomsonreuters.com; 202 898 8324)) 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 David Shepardson WASHINGTON, Aug 19 (Reuters) - The U.S. Federal Aviation Administration on Thursday proposed $531,545 in civil penalties against 34 airline passengers over unruly behavior - with some facing $9,000 fines for defying mask requirements - pushing its total for the year past $1 million. Among new FAA fines announced Thursday: * $45,000 against a JetBlue JBLU.O passenger flying from New York to Florida in May for throwing objects "including his carry-on luggage at other passengers; refusing to stay seated; lying on the floor in the aisle, refusing to get up, and then grabbing a flight attendant by the ankles and putting his head up her skirt." * $42,000 against a JetBlue passenger on a May flight from New York to San Francisco for failing to comply with the face mask mandate and other misbehavior including "making stabbing gestures towards certain passengers; and snorting what appeared to be cocaine from a plastic bag, which the cabin crew confiscated."
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By David Shepardson WASHINGTON, Aug 19 (Reuters) - The U.S. Federal Aviation Administration on Thursday proposed $531,545 in civil penalties against 34 airline passengers over unruly behavior - with some facing $9,000 fines for defying mask requirements - pushing its total for the year past $1 million. The FAA, which regulates U.S. civil aviation, since Jan. 1 has received 3,889 reports of unruly passengers, including 2,867 reports of people refusing to comply with the mask mandate. Dickson in March extended indefinitely a "zero tolerance policy" on unruly air passengers.
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4246.0
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2021-08-19 00:00:00 UTC
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Colombia mining exports recovered to $5.6 bln in first half, producers say
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AAL
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https://www.nasdaq.com/articles/colombia-mining-exports-recovered-to-%245.6-bln-in-first-half-producers-say-2021-08-19
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By Luis Jaime Acosta
BOGOTA, Aug 19 (Reuters) - The value of Colombia's mining exports recovered slightly in the first half of this year to $5.59 billion, despite anti-government protests and street blockades between April and June, an industry association said on Thursday.
The increase - from a export value of $5.18 billion during the first six months of last year, when the industry was battered by COVID-19 closures - is due principally to better gold prices which made up for continued troubles for coal.
The value of gold exports jumped 39.8% to $1.5 billion during the first half, while the value of coal exports fell 22.9% to $2.05 billion amid low global prices, the Colombian Mining Association (ACM) said in a virtual press conference.
Coal production was down slightly year-on-year in the first half, to 27.5 million tonnes, in part because of blockades which hit major producer Cerrejon.
"The great challenge in Colombia is to stabilize current coal production, to be able to operate continually, without blockades," said ACM president Juan Camilo Narino.
Tens of thousands of marchers took to the streets in sometimes-deadly protests earlier this year in opposition to a government-backed tax reform and other policies.
Though demonstrator numbers gradually dwindled, road blockades around the country stymied exports and led to shortages of food and other goods.
In addition to protests and blockades, Narino said the mining and coal sectors are frequently affected by legal decisions and licensing delays for new projects.
The association is maintaining its coal output target of 60 million tonnes this year, he said, after production fell 40% last year to 49.5 million tonnes.
The ACM predicts a 15% recovery in the sector in 2021 as new gold projects come online.
Glencore GLEN.L will become the sole owner of Cerrejon next year after buying out partners BHP BHP.AX and Anglo American AAL.L.
The Cerrejon mine has had repeated disagreements with nearby Wayuu indigenous communities and its largest union, which held a three-month strike last year.
(Reporting by Luis Jaime Acosta Writing by Julia Symmes Cobb; Editing by Aurora Ellis)
((julia.cobb@thomsonreuters.com; +57-316-389-7187))
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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Glencore GLEN.L will become the sole owner of Cerrejon next year after buying out partners BHP BHP.AX and Anglo American AAL.L. By Luis Jaime Acosta BOGOTA, Aug 19 (Reuters) - The value of Colombia's mining exports recovered slightly in the first half of this year to $5.59 billion, despite anti-government protests and street blockades between April and June, an industry association said on Thursday. The increase - from a export value of $5.18 billion during the first six months of last year, when the industry was battered by COVID-19 closures - is due principally to better gold prices which made up for continued troubles for coal.
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Glencore GLEN.L will become the sole owner of Cerrejon next year after buying out partners BHP BHP.AX and Anglo American AAL.L. By Luis Jaime Acosta BOGOTA, Aug 19 (Reuters) - The value of Colombia's mining exports recovered slightly in the first half of this year to $5.59 billion, despite anti-government protests and street blockades between April and June, an industry association said on Thursday. The value of gold exports jumped 39.8% to $1.5 billion during the first half, while the value of coal exports fell 22.9% to $2.05 billion amid low global prices, the Colombian Mining Association (ACM) said in a virtual press conference.
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Glencore GLEN.L will become the sole owner of Cerrejon next year after buying out partners BHP BHP.AX and Anglo American AAL.L. By Luis Jaime Acosta BOGOTA, Aug 19 (Reuters) - The value of Colombia's mining exports recovered slightly in the first half of this year to $5.59 billion, despite anti-government protests and street blockades between April and June, an industry association said on Thursday. The value of gold exports jumped 39.8% to $1.5 billion during the first half, while the value of coal exports fell 22.9% to $2.05 billion amid low global prices, the Colombian Mining Association (ACM) said in a virtual press conference.
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Glencore GLEN.L will become the sole owner of Cerrejon next year after buying out partners BHP BHP.AX and Anglo American AAL.L. By Luis Jaime Acosta BOGOTA, Aug 19 (Reuters) - The value of Colombia's mining exports recovered slightly in the first half of this year to $5.59 billion, despite anti-government protests and street blockades between April and June, an industry association said on Thursday. Coal production was down slightly year-on-year in the first half, to 27.5 million tonnes, in part because of blockades which hit major producer Cerrejon.
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4247.0
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2021-08-19 00:00:00 UTC
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For the Optimist, Ashford Hospitality Stock Is a Potential Gold Mine
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AAL
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https://www.nasdaq.com/articles/for-the-optimist-ashford-hospitality-stock-is-a-potential-gold-mine-2021-08-19
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The argument that favors investing in Ashford Hospitality Trust (NYSE:AHT) stock is fairly straightforward. The hospitality REIT that invested in upscale hotels should rebound as the economy opens. From a lofty 52-week high of $77.90, AHT stock today sits pennies below $14 a share.
Source: Marriott
Thus, investors in AHT shares simply sit back and watch as share prices move upward from their historic lows. It’s a tricky proposition, though. The company appears to be in very bad shape and carries a significant debt load.
The Top 7 Stocks to Buy for Under $20 in August
How did things get so bad for Ashford Hospitality Trust in the first place?
AHT Stock Among Hardest Hit
It’s no secret that large companies with high fixed costs get slaughtered in economic downturns. The pandemic’s forced shuttering of businesses dealt a particularly harsh blow to travel operators and the lodging industry.
Massive companies like American Airlines (NASDAQ:AAL) and Carnival (NYSE:CCL) simply have little recourse in such collapse: Their large asset bases are forced to sit idle while fixed costs do not abate. Ashford Hospitality Trust was no different. The company maintains a portfolio of over 100 hotel properties.
So, there was little it could do to stop the losses during the pandemic.
It is very much analogous to watching a large animal bleed out as a relentless pack of predators do what they must do to survive. You want to root for the prey to escape, or at least I usually do. So, in this case, I’ll make an argument that a small investment in Ashford Hospitality Trust is warranted.
But I should add a caveat to that statement. This is truly a bet because even the most optimistic outlook has serious issues.
That said, let’s take a balanced look at what is happening to the company from a financial perspective. There’s some good, some bad and some really ugly.
Latest Earnings Show Bright Spots
The good news for the company is that things are looking brighter in the second quarter of this year based on revenues. That’s probably not a big surprise given that Q2 of 2020 coincided with the first three months of the pandemic.
During that period Ashford Hospitality Trust only managed $43.07 million in revenues, leading to a $242 million net loss.
A year later — and this is the bright spot — the company posted $193.4 million in revenues. However, that again led to a net loss, though this time a much more modest $65.26 million.
The other bright spot is that the company has managed to significantly reduce its loss through the first half of this year compared to last. The $344 million loss it suffered through the first six months of 2020 has been held to $170.6 million.
That’s really as good as the news gets for investors. The reason that speculative investors should be interested relates to AHT stock pre-pandemic prices. Recall that current $14 price per share? Just prior to the pandemic they traded above $200.
So if that slight bit of good news from the increased revenues gives you reason to believe things will get better, put a chunk of change toward AHT. There’s always a chance it could retest those pre-pandemic prices in the not-too-distant future.
The four analysts following the REIT have more modest targets, with a median 12-month price of $25.50, in a range of $46-$17.
Consider the Bad and the Ugly
The bad news relates to a recent reverse stock split. And the ugly news relates to debt.
The company undertook a 1-for-10 reverse stock split on July 16. The company had already been on a downward slide prior, but the news likely didn’t help. Reverse stock splits generally signal distress as they serve to artificially raise prices.
As InvestorPlace contributor David Moadel wrote ahead of that split, “They can lead to further declines in the share price, followed by more reverse stock splits — it’s an awful, vicious cycle.”
Ashford Hospitality Trust also has a significant debt load. Pages 8 and 9 of its most recent earnings report outline the debt and its maturity. This year the company only has a $78 million note due, which will total just under $92 million with amortization fees included. But in 2024 and 2025 the company has notes due of $500 million, and a whopping $2.62 billion, respectively.
So, for investors brave enough to bet on a short term bump in price based on economic reopening, beware longer-term implications.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
The post For the Optimist, Ashford Hospitality Stock Is a Potential Gold Mine 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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Massive companies like American Airlines (NASDAQ:AAL) and Carnival (NYSE:CCL) simply have little recourse in such collapse: Their large asset bases are forced to sit idle while fixed costs do not abate. Latest Earnings Show Bright Spots The good news for the company is that things are looking brighter in the second quarter of this year based on revenues. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
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Massive companies like American Airlines (NASDAQ:AAL) and Carnival (NYSE:CCL) simply have little recourse in such collapse: Their large asset bases are forced to sit idle while fixed costs do not abate. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The argument that favors investing in Ashford Hospitality Trust (NYSE:AHT) stock is fairly straightforward. During that period Ashford Hospitality Trust only managed $43.07 million in revenues, leading to a $242 million net loss.
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Massive companies like American Airlines (NASDAQ:AAL) and Carnival (NYSE:CCL) simply have little recourse in such collapse: Their large asset bases are forced to sit idle while fixed costs do not abate. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The argument that favors investing in Ashford Hospitality Trust (NYSE:AHT) stock is fairly straightforward. During that period Ashford Hospitality Trust only managed $43.07 million in revenues, leading to a $242 million net loss.
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Massive companies like American Airlines (NASDAQ:AAL) and Carnival (NYSE:CCL) simply have little recourse in such collapse: Their large asset bases are forced to sit idle while fixed costs do not abate. During that period Ashford Hospitality Trust only managed $43.07 million in revenues, leading to a $242 million net loss. The reason that speculative investors should be interested relates to AHT stock pre-pandemic prices.
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4248.0
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2021-08-19 00:00:00 UTC
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Antofagasta's half-year profit soars, cuts copper output
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AAL
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https://www.nasdaq.com/articles/antofagastas-half-year-profit-soars-cuts-copper-output-2021-08-19
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nan
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Adds details, CEO comment
LONDON, Aug 19 (Reuters) - Chilean miner Antofagasta ANTO.L saw its half-year profit soar to $1.784 billion, from $388 million in the same period of 2020, but cut its copper output guidance for the year after drought affected operations.
It said it would pay an interim dividend of 23.6 cents per share, reflecting higher copper and gold prices and more than triple its payout a year ago.
The company joins rivals Anglo American AAL.L and Glencore GLEN.L among others in declaring bonanza payouts after a rebound in demand for commodities buoyed profits.
It revised its full-year guidance to 710,000 tonnes to 740,000 tonnes of copper at a net cash cost of $1.25 per pound and capital expenditure of $1.6 billion, from 730,000 tonnes to 760,000 tonnes previously, as 2021 proves to be Chile's driest for 12 years.
The London-listed miner, majority owned by Chile's Luksic family, said its earnings before interest, tax, depreciation, and amortisation (EBITDA) rose to a record $2.4 billion in the first six months of 2021, compared to $2.7 billion for the whole of 2020.
"Our key growth projects are on track and we remain focused on operating discipline and cost control, while producing copper responsibly and sustainably for all our stakeholders," Antofagasta Chief Executive Iván Arriagada said.
Soaring copper prices broke records earlier this year and Chile, which produces nearly 30% of the world's output, largely maintained it even during the worst of the pandemic.
Antofagasta's interim payout in the first half of 2020 totalled 6.2 cents per share in line with its policy of paying a minimum of 35% of underlying net earnings.
(Reporting by Clara Denina; Editing by Susan Fenton and Barbara Lewis)
((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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The company joins rivals Anglo American AAL.L and Glencore GLEN.L among others in declaring bonanza payouts after a rebound in demand for commodities buoyed profits. Adds details, CEO comment LONDON, Aug 19 (Reuters) - Chilean miner Antofagasta ANTO.L saw its half-year profit soar to $1.784 billion, from $388 million in the same period of 2020, but cut its copper output guidance for the year after drought affected operations. "Our key growth projects are on track and we remain focused on operating discipline and cost control, while producing copper responsibly and sustainably for all our stakeholders," Antofagasta Chief Executive Iván Arriagada said.
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The company joins rivals Anglo American AAL.L and Glencore GLEN.L among others in declaring bonanza payouts after a rebound in demand for commodities buoyed profits. It said it would pay an interim dividend of 23.6 cents per share, reflecting higher copper and gold prices and more than triple its payout a year ago. It revised its full-year guidance to 710,000 tonnes to 740,000 tonnes of copper at a net cash cost of $1.25 per pound and capital expenditure of $1.6 billion, from 730,000 tonnes to 760,000 tonnes previously, as 2021 proves to be Chile's driest for 12 years.
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The company joins rivals Anglo American AAL.L and Glencore GLEN.L among others in declaring bonanza payouts after a rebound in demand for commodities buoyed profits. Adds details, CEO comment LONDON, Aug 19 (Reuters) - Chilean miner Antofagasta ANTO.L saw its half-year profit soar to $1.784 billion, from $388 million in the same period of 2020, but cut its copper output guidance for the year after drought affected operations. It said it would pay an interim dividend of 23.6 cents per share, reflecting higher copper and gold prices and more than triple its payout a year ago.
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The company joins rivals Anglo American AAL.L and Glencore GLEN.L among others in declaring bonanza payouts after a rebound in demand for commodities buoyed profits. Adds details, CEO comment LONDON, Aug 19 (Reuters) - Chilean miner Antofagasta ANTO.L saw its half-year profit soar to $1.784 billion, from $388 million in the same period of 2020, but cut its copper output guidance for the year after drought affected operations. It said it would pay an interim dividend of 23.6 cents per share, reflecting higher copper and gold prices and more than triple its payout a year ago.
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4249.0
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2021-08-19 00:00:00 UTC
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American Airlines will extend ban on main cabin alcohol sales into January 2022
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AAL
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https://www.nasdaq.com/articles/american-airlines-will-extend-ban-on-main-cabin-alcohol-sales-into-january-2022-2021-08-19
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nan
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nan
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WASHINGTON, Aug 19 (Reuters) - American Airlines AAL.O confirmed Thursday it will extend a ban on the sale of alcohol in the main cabin through January 18, mirroring a government extension this week on mask mandates for airplanes and airports.
American told employees in a memo dated Wednesday seen by Reuters that the airline is also "gaining ground in our work with the (Federal Aviation Administration) to no longer provide 'to go' alcohol" at Dallas and Charlotte airports.
(Reporting by David Shepardson)
((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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WASHINGTON, Aug 19 (Reuters) - American Airlines AAL.O confirmed Thursday it will extend a ban on the sale of alcohol in the main cabin through January 18, mirroring a government extension this week on mask mandates for airplanes and airports. American told employees in a memo dated Wednesday seen by Reuters that the airline is also "gaining ground in our work with the (Federal Aviation Administration) to no longer provide 'to go' alcohol" at Dallas and Charlotte airports. (Reporting by David Shepardson) ((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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WASHINGTON, Aug 19 (Reuters) - American Airlines AAL.O confirmed Thursday it will extend a ban on the sale of alcohol in the main cabin through January 18, mirroring a government extension this week on mask mandates for airplanes and airports. American told employees in a memo dated Wednesday seen by Reuters that the airline is also "gaining ground in our work with the (Federal Aviation Administration) to no longer provide 'to go' alcohol" at Dallas and Charlotte airports. (Reporting by David Shepardson) ((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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WASHINGTON, Aug 19 (Reuters) - American Airlines AAL.O confirmed Thursday it will extend a ban on the sale of alcohol in the main cabin through January 18, mirroring a government extension this week on mask mandates for airplanes and airports. American told employees in a memo dated Wednesday seen by Reuters that the airline is also "gaining ground in our work with the (Federal Aviation Administration) to no longer provide 'to go' alcohol" at Dallas and Charlotte airports. (Reporting by David Shepardson) ((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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WASHINGTON, Aug 19 (Reuters) - American Airlines AAL.O confirmed Thursday it will extend a ban on the sale of alcohol in the main cabin through January 18, mirroring a government extension this week on mask mandates for airplanes and airports. American told employees in a memo dated Wednesday seen by Reuters that the airline is also "gaining ground in our work with the (Federal Aviation Administration) to no longer provide 'to go' alcohol" at Dallas and Charlotte airports. (Reporting by David Shepardson) ((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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4250.0
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2021-08-19 00:00:00 UTC
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Interesting AAL Put And Call Options For November 19th
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AAL
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https://www.nasdaq.com/articles/interesting-aal-put-and-call-options-for-november-19th-2021-08-19
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nan
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Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available this week, for the November 19th 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 92 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 November 19th contracts and identified one put and one call contract of particular interest.
The put contract at the $10.00 strike price has a current bid of 13 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $10.00, but will also collect the premium, putting the cost basis of the shares at $9.87 (before broker commissions). To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $18.78/share today.
Because the $10.00 strike represents an approximate 47% 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 1.30% return on the cash commitment, or 5.16% 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 $10.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $19.00 strike price has a current bid of $1.85. If an investor was to purchase shares of AAL stock at the current price level of $18.78/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $19.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 11.02% if the stock gets called away at the November 19th 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 $19.00 strike highlighted in red:
Considering the fact that the $19.00 strike represents an approximate 1% 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 47%. 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 9.85% boost of extra return to the investor, or 39.06% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 82%, while the implied volatility in the call contract example is 53%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $18.78) to be 52%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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 $19.00 strike highlighted in red: Considering the fact that the $19.00 strike represents an approximate 1% 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 this week, for the November 19th expiration.
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Below is a chart showing AAL's trailing twelve month trading history, with the $19.00 strike highlighted in red: Considering the fact that the $19.00 strike represents an approximate 1% 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 this week, for the November 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new November 19th 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 $19.00 strike highlighted in red: Considering the fact that the $19.00 strike represents an approximate 1% 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 this week, for the November 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new November 19th 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 November 19th 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 $19.00 strike highlighted in red: Considering the fact that the $19.00 strike represents an approximate 1% 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 this week, for the November 19th expiration.
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4251.0
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2021-08-19 00:00:00 UTC
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American Airlines To Not Serve Alcohol In Flights Till January 2022
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AAL
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https://www.nasdaq.com/articles/american-airlines-to-not-serve-alcohol-in-flights-till-january-2022-2021-08-19
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nan
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nan
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(RTTNews) - American Airlines (AAL) said on Thursday that it would not serve alcohol in the main cabin of its flights until January 18 next year, which is when the U.S mandate on masks in public transportation will expire.
The airlines had suspended serving alcohol in the main cabin during early summer and was all set to start serving again on September 13, when the mask mandate was earlier supposed to expire. However, the Transportation Security Administration had earlier this week said that the ban would be extended "to minimize the spread of Covid-19 on public transportation."
The decision to stop serving alcohol in the main cabin is part of the Federal Aviation Administration's move to crack down on unruly passengers.
On Thursday alone, the FAA declared more than $500,000 in new fines against unruly passengers who refused to wear masks, hit flight attendants and even threw luggage across the cabin.
Earlier this week, the FAA had begun 682 investigations into possible violations of federal laws on the basis of 3,900 reported incidents.
The alcohol ban was first put in place to avoid interaction between airline staff and passengers and it was extended till January next year in the backdrop of increasing Covid-19 cases, due to the Delta variant.
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 (AAL) said on Thursday that it would not serve alcohol in the main cabin of its flights until January 18 next year, which is when the U.S mandate on masks in public transportation will expire. On Thursday alone, the FAA declared more than $500,000 in new fines against unruly passengers who refused to wear masks, hit flight attendants and even threw luggage across the cabin. The alcohol ban was first put in place to avoid interaction between airline staff and passengers and it was extended till January next year in the backdrop of increasing Covid-19 cases, due to the Delta variant.
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(RTTNews) - American Airlines (AAL) said on Thursday that it would not serve alcohol in the main cabin of its flights until January 18 next year, which is when the U.S mandate on masks in public transportation will expire. The airlines had suspended serving alcohol in the main cabin during early summer and was all set to start serving again on September 13, when the mask mandate was earlier supposed to expire. The decision to stop serving alcohol in the main cabin is part of the Federal Aviation Administration's move to crack down on unruly passengers.
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(RTTNews) - American Airlines (AAL) said on Thursday that it would not serve alcohol in the main cabin of its flights until January 18 next year, which is when the U.S mandate on masks in public transportation will expire. The airlines had suspended serving alcohol in the main cabin during early summer and was all set to start serving again on September 13, when the mask mandate was earlier supposed to expire. The decision to stop serving alcohol in the main cabin is part of the Federal Aviation Administration's move to crack down on unruly passengers.
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(RTTNews) - American Airlines (AAL) said on Thursday that it would not serve alcohol in the main cabin of its flights until January 18 next year, which is when the U.S mandate on masks in public transportation will expire. The airlines had suspended serving alcohol in the main cabin during early summer and was all set to start serving again on September 13, when the mask mandate was earlier supposed to expire. Earlier this week, the FAA had begun 682 investigations into possible violations of federal laws on the basis of 3,900 reported incidents.
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4252.0
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2021-08-18 00:00:00 UTC
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ANALYSIS-Workers at Chile's Escondida mine hit jackpot, raise bar in labor talks elsewhere
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AAL
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https://www.nasdaq.com/articles/analysis-workers-at-chiles-escondida-mine-hit-jackpot-raise-bar-in-labor-talks-elsewhere
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nan
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nan
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By Fabian Cambero
SANTIAGO, Aug 18 (Reuters) - An historic benefits package at BHP's BHP.AX sprawling Escondida copper mine has raised the prospect for tough new negotiations and strikes at mines around the country, workers and analysts told Reuters.
Success at the bargaining table was driven by soaring copper prices, which broke records earlier this year and have remained high enough to whet workers' appetite for raises, bonuses and a bigger slice of profits.
The higher bar comes as fresh labor talks are pending at a raft of mines across the world's top copper producer. That includes Codelco's flagship El Teniente mine, its smaller El Salvador and Ministro Hales mines, BHP's Cerro Colorado, Anglo American's AAL.L El Soldado and KGHM's KGH.WA Sierra Gorda.
Chile, unlike neighboring Peru, largely maintained its output of the red metal even during the worst of the pandemic, and workers said they are due their fair share after working through difficult, potentially deadly, conditions to keep mines open.
The payoff deal last week at Escondida, the world's largest copper mine, came after a terse standoff that nearly ended in a strike.
Workers will receive benefits equivalent to about $30,000 each, including a bonus equivalent to 1% of dividends paid to shareholders and distributed to all workers in equal parts, the union said after inking the deal.
Unions had entered talks with high expectations, thanks to the high prices, said Juan Carlos Guajardo, head of Chilean consultancy Plusmining, adding that the resulting record-making benefits amounted to an "implicit endorsement of these greater demands."
The benefits in Escondida were significantly higher than the $24,000 doled out in March to union workers at Antofagasta's ANTO.L Los Pelambres mine.
Chile produces nearly 30% of the world's copper, a key metal in construction and electric vehicle manufacturing.
PANDEMIC SACRIFICE
Three unions that recently walked of the job at Codelco's Andina copper mine near the capital Santiago have made obtaining recognition of their work during the pandemic a key point in talks.
"Today we have to recognize [those sacrifices]," Manuel Cañas, secretary of one of the striking unions at Andina, told Reuters during a protest outside Codelco's offices in Santiago.
The world's largest copper miner, the state-run Codelco managed to slightly increase production during 2020 amid the worst of the outbreak.
Cañas acknowledged the smaller Andina might not have the sway of Escondida, but said high prices and hard work during the pandemic should, at minimum, force the company to "maintain current benefits not only for current workers but for those who may arrive."
Codelco, which has pinched pennies to underwrite a 10-year, $40 billion plan to revamp its aging mines, has dug in its heels, saying that its final offer to the unions "constitutes the maximum effort of the company within the framework of its transformation."
Workers at JX Nippon Mining's Caserones mine, smaller than both Escondida and Andina, also walked off the job last week. The mine operator told Reuters there had been no progress in talks.
Alejandra Wood, executive director of Chile's Center for Copper Studies (CESCO), told Reuters that discussions of hiking royalties on miners to help underwrite social programs, together with a move to rewrite the constitution, have also given miners more leverage.
"The price of copper is high, and there is an idea that profits must be shared," she said. "Market and political conditions are undoubtedly influencing workers' expectations."
(Reporting by Fabian Cambero; Writing by Dave Sherwood; Editing by Aurora Ellis)
((dave.sherwood@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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That includes Codelco's flagship El Teniente mine, its smaller El Salvador and Ministro Hales mines, BHP's Cerro Colorado, Anglo American's AAL.L El Soldado and KGHM's KGH.WA Sierra Gorda. Success at the bargaining table was driven by soaring copper prices, which broke records earlier this year and have remained high enough to whet workers' appetite for raises, bonuses and a bigger slice of profits. Chile, unlike neighboring Peru, largely maintained its output of the red metal even during the worst of the pandemic, and workers said they are due their fair share after working through difficult, potentially deadly, conditions to keep mines open.
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That includes Codelco's flagship El Teniente mine, its smaller El Salvador and Ministro Hales mines, BHP's Cerro Colorado, Anglo American's AAL.L El Soldado and KGHM's KGH.WA Sierra Gorda. By Fabian Cambero SANTIAGO, Aug 18 (Reuters) - An historic benefits package at BHP's BHP.AX sprawling Escondida copper mine has raised the prospect for tough new negotiations and strikes at mines around the country, workers and analysts told Reuters. The payoff deal last week at Escondida, the world's largest copper mine, came after a terse standoff that nearly ended in a strike.
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That includes Codelco's flagship El Teniente mine, its smaller El Salvador and Ministro Hales mines, BHP's Cerro Colorado, Anglo American's AAL.L El Soldado and KGHM's KGH.WA Sierra Gorda. By Fabian Cambero SANTIAGO, Aug 18 (Reuters) - An historic benefits package at BHP's BHP.AX sprawling Escondida copper mine has raised the prospect for tough new negotiations and strikes at mines around the country, workers and analysts told Reuters. Three unions that recently walked of the job at Codelco's Andina copper mine near the capital Santiago have made obtaining recognition of their work during the pandemic a key point in talks.
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That includes Codelco's flagship El Teniente mine, its smaller El Salvador and Ministro Hales mines, BHP's Cerro Colorado, Anglo American's AAL.L El Soldado and KGHM's KGH.WA Sierra Gorda. Chile produces nearly 30% of the world's copper, a key metal in construction and electric vehicle manufacturing. Cañas acknowledged the smaller Andina might not have the sway of Escondida, but said high prices and hard work during the pandemic should, at minimum, force the company to "maintain current benefits not only for current workers but for those who may arrive."
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4253.0
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2021-08-18 00:00:00 UTC
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Time To Buy JetBlue Airways Stock?
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AAL
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https://www.nasdaq.com/articles/time-to-buy-jetblue-airways-stock-2021-08-18
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nan
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nan
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As the fourth wave of the pandemic spreads across the U.S., investors remained concerned for another dip in air travel demand and its impact on the airline industry. Thus, JetBlue Airways stock (NASDAQ: JBLU) has plummeted by 30% since April despite strong domestic demand as highlighted by relatively flat passenger numbers at TSA checkpoints. The company burned just $683 million of operating cash in the pandemic, much lower than the $2 billion drop in the stock’s market capitalization – indicating a potential opportunity for gains. Also, the company is focused on strengthening its balance sheet and expanding margins in the coming years. Our interactive dashboard highlights JetBlue Airways stock performance during the current crisis with that during the 2008 recession
2020 Coronavirus Crisis
Timeline of 2020 Crisis So Far:
12/12/2019: Coronavirus cases first reported in China
1/31/2020: WHO declares a global health emergency.
2/19/2020: Signs of effective containment in China and hopes of monetary easing by major central banks helps S&P 500 reach a record high
3/23/2020: S&P 500 drops 34% from the peak level seen on Feb 19, 2020, as COVID-19 cases accelerate outside China. Doesn’t help that oil prices crash in mid-March amid Saudi-led price war
Since 3/24/2020: S&P 500 recovers 100% from the lows seen on Mar 23, 2020, as the Fed’s multi-billion dollar stimulus package suppresses near-term survival anxiety and infuses liquidity into the system.
In contrast, here’s how JBLU and the broader market performed during the 2007/2008 crisis.
Timeline of 2007-08 Crisis
10/1/2007: Approximate pre-crisis peak in S&P 500 index
9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08)
3/1/2009: Approximate bottoming out of S&P 500 index
12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008)
JetBlue Airways vs S&P 500 Performance Over 2007-08 Financial Crisis
JBLU stock declined from levels of around $9 in October 2007 (pre-crisis peak) to levels of around $4 in March 2009 (as the markets bottomed out). However, the stock gained significantly post-2008 crisis to levels of about $5.50 in early 2010 – rising by 43% between March 2009 and January 2010. In comparison, the S&P 500 Index first fell 51% in the wake of the recession before recovering 48% by January 2010.
JetBlue Airways’ fundamentals improved in Q2 2021
JetBlue Airways’ revenues increased by 15% from $7 billion in 2017 to $8.1 billion in 2019, assisted by capacity growth and rising ticket prices. In 2020, the company’s top line observed a 64% (y-o-y) contraction as air traffic demand plummeted and cost control measures were implemented. Moreover, the company’s net-margins deteriorated from higher fuel expenses and administrative costs. Thus, the EPS decreased by 45% from $3.47 in 2017 to $1.92 in 2019, and ($4.88) in 2020.
Notably, the company’s Q2 2021 revenues declined by just 29% over Q2 2019 and net margins turned positive. While top line growth was key to margin expansion, the airline industry continues to benefit from the third round of government assistance till September 30, 2021. Interestingly, the company is committed toward margin expansion by controlling costs in the coming years to reduce debt and improve shareholder returns.
CONCLUSION
Phases of Covid-19 crisis:
Early to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally
Late-March 2020 onward: Social distancing measures + lockdowns
April 2020: Fed stimulus suppresses near-term survival anxiety
May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases
Since late 2020: Weak quarterly results, but continued improvement in demand and progress with vaccine development buoy market sentiment
The company’s focus on revenue and margin expansion in the post-pandemic period is likely to assist cash generation and subsequently shareholder returns.
Do JetBlue Airways’ peers offer better gains? JetBlue Airways Stock Comparison With Peers summarizes how JBLU compares against peers on metrics that matter. You can find more such useful comparisons on Peer Comparisons.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
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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Thus, JetBlue Airways stock (NASDAQ: JBLU) has plummeted by 30% since April despite strong domestic demand as highlighted by relatively flat passenger numbers at TSA checkpoints. The company burned just $683 million of operating cash in the pandemic, much lower than the $2 billion drop in the stock’s market capitalization – indicating a potential opportunity for gains. Phases of Covid-19 crisis: Early to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases Since late 2020: Weak quarterly results, but continued improvement in demand and progress with vaccine development buoy market sentiment The company’s focus on revenue and margin expansion in the post-pandemic period is likely to assist cash generation and subsequently shareholder returns.
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Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008) JetBlue Airways vs S&P 500 Performance Over 2007-08 Financial Crisis JBLU stock declined from levels of around $9 in October 2007 (pre-crisis peak) to levels of around $4 in March 2009 (as the markets bottomed out). JetBlue Airways’ fundamentals improved in Q2 2021 JetBlue Airways’ revenues increased by 15% from $7 billion in 2017 to $8.1 billion in 2019, assisted by capacity growth and rising ticket prices. Phases of Covid-19 crisis: Early to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases Since late 2020: Weak quarterly results, but continued improvement in demand and progress with vaccine development buoy market sentiment The company’s focus on revenue and margin expansion in the post-pandemic period is likely to assist cash generation and subsequently shareholder returns.
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Our interactive dashboard highlights JetBlue Airways stock performance during the current crisis with that during the 2008 recession 2020 Coronavirus Crisis Timeline of 2020 Crisis So Far: 12/12/2019: Coronavirus cases first reported in China 1/31/2020: WHO declares a global health emergency. Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008) JetBlue Airways vs S&P 500 Performance Over 2007-08 Financial Crisis JBLU stock declined from levels of around $9 in October 2007 (pre-crisis peak) to levels of around $4 in March 2009 (as the markets bottomed out). Phases of Covid-19 crisis: Early to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases Since late 2020: Weak quarterly results, but continued improvement in demand and progress with vaccine development buoy market sentiment The company’s focus on revenue and margin expansion in the post-pandemic period is likely to assist cash generation and subsequently shareholder returns.
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Our interactive dashboard highlights JetBlue Airways stock performance during the current crisis with that during the 2008 recession 2020 Coronavirus Crisis Timeline of 2020 Crisis So Far: 12/12/2019: Coronavirus cases first reported in China 1/31/2020: WHO declares a global health emergency. Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008) JetBlue Airways vs S&P 500 Performance Over 2007-08 Financial Crisis JBLU stock declined from levels of around $9 in October 2007 (pre-crisis peak) to levels of around $4 in March 2009 (as the markets bottomed out). JetBlue Airways’ fundamentals improved in Q2 2021 JetBlue Airways’ revenues increased by 15% from $7 billion in 2017 to $8.1 billion in 2019, assisted by capacity growth and rising ticket prices.
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4254.0
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2021-08-17 00:00:00 UTC
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EXCLUSIVE-U.S. plans to extend transportation mask mandate through Jan. 18, sources say
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AAL
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https://www.nasdaq.com/articles/exclusive-u.s.-plans-to-extend-transportation-mask-mandate-through-jan.-18-sources-say
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nan
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nan
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By David Shepardson
WASHINGTON, Aug 17 (Reuters) - President Joe Biden's administration plans to extend requirements for travelers to wear masks on airplanes, trains and buses and at airports and train stations through Jan. 18 to address ongoing COVID-19 risks, three sources told Reuters.
Major U.S. airlines were informed of the planned extension on a call with the Transportation Security Administration (TSA) and Centers for Disease Control and Prevention (CDC) on Tuesday, the three people briefed on the matter said.
The current TSA transportation mask order runs through Sept 13.
TSA declined comment and CDC officials did not immediately comment.
The current CDC order, which has been in place since soon after Biden took office in January, requires the use of face masks on nearly all forms of public transportation.
It requires face masks to be worn by all travelers on airplanes, ships, trains, subways, buses, taxis and ride-shares and at transportation hubs such as airports, bus or ferry terminals, train and subway stations and seaports.
The requirements have been the source of some friction, especially aboard U.S. airlines, where some travelers have refused to wear masks. The Federal Aviation Administration said on Tuesday that since Jan. 1 it has received reports from airlines of 2,867 passengers refusing to wear a mask.
(Reporting by David Shepardson; Editing by Will Dunham)
((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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By David Shepardson WASHINGTON, Aug 17 (Reuters) - President Joe Biden's administration plans to extend requirements for travelers to wear masks on airplanes, trains and buses and at airports and train stations through Jan. 18 to address ongoing COVID-19 risks, three sources told Reuters. Major U.S. airlines were informed of the planned extension on a call with the Transportation Security Administration (TSA) and Centers for Disease Control and Prevention (CDC) on Tuesday, the three people briefed on the matter said. The current CDC order, which has been in place since soon after Biden took office in January, requires the use of face masks on nearly all forms of public transportation.
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By David Shepardson WASHINGTON, Aug 17 (Reuters) - President Joe Biden's administration plans to extend requirements for travelers to wear masks on airplanes, trains and buses and at airports and train stations through Jan. 18 to address ongoing COVID-19 risks, three sources told Reuters. The current TSA transportation mask order runs through Sept 13. It requires face masks to be worn by all travelers on airplanes, ships, trains, subways, buses, taxis and ride-shares and at transportation hubs such as airports, bus or ferry terminals, train and subway stations and seaports.
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By David Shepardson WASHINGTON, Aug 17 (Reuters) - President Joe Biden's administration plans to extend requirements for travelers to wear masks on airplanes, trains and buses and at airports and train stations through Jan. 18 to address ongoing COVID-19 risks, three sources told Reuters. Major U.S. airlines were informed of the planned extension on a call with the Transportation Security Administration (TSA) and Centers for Disease Control and Prevention (CDC) on Tuesday, the three people briefed on the matter said. It requires face masks to be worn by all travelers on airplanes, ships, trains, subways, buses, taxis and ride-shares and at transportation hubs such as airports, bus or ferry terminals, train and subway stations and seaports.
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By David Shepardson WASHINGTON, Aug 17 (Reuters) - President Joe Biden's administration plans to extend requirements for travelers to wear masks on airplanes, trains and buses and at airports and train stations through Jan. 18 to address ongoing COVID-19 risks, three sources told Reuters. The current TSA transportation mask order runs through Sept 13. The Federal Aviation Administration said on Tuesday that since Jan. 1 it has received reports from airlines of 2,867 passengers refusing to wear a mask.
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4255.0
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2021-08-17 00:00:00 UTC
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3 Bold Predictions Before 2022
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AAL
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https://www.nasdaq.com/articles/3-bold-predictions-before-2022-2021-08-17
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nan
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nan
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The first seven months of 2021 have been unexpectedly wild. I'm going to go out on a limb for things that It think could happen before the end of 2021. Now where did I stash my crystal ball?
I don't expect you to agree with me on most of them. You may not even agree with me on any of them, and that's sort of the point here. I'm going to offer up some pretty brazen market calls and will spell out my reasons for them.
Image source: Getty Images.
1. Bitcoin will hit another new high in 2021
As of Tuesday morning, Bitcoin (CRYPTO: BTC) is trading 29% below the all-time high it set in April. Put another way, it would have to climb a little more than 40% -- in the next few months -- to get back above 64,863.10.
Bitcoin is volatile. It plummeted 41% in just the second quarter of this year. I may very well be right about the new high at some point in the balance of 2021, yet the leading cryptocurrency could still be lower by the end of the year than it is right now.
I still like its chances. A lot of the knocks on the energy inefficiencies of mining and transacting Bitcoin are being aggressively tackled. The merits of cryptocurrency as an alternative asset class to help diversify an otherwise concentrated portfolio have never made more sense.
2. Disney World won't close again
This a scary time to be operating a theme-park resort in Florida. COVID-19 cases, hospitalizations, and deaths are spiraling out of control, and there's still a large chunk of the Sunshine State that has no intention of getting vaccinated. Disney (NYSE: DIS) had to close its massive resort last year for four months. I don't see a repeat performance in 2021.
Disney World is getting ready to celebrate what will be an 18-month event to commemorate the resort turning 50 in October. Like the mayor in Jaws, you just know that it's not going to turn cash-waving tourists away.
We know that the state governor isn't going to get in the way. This is probably the easiest of the market calls on this list but will be put to the test if the surge continues in Florida.
3. American Airlines will buy JetBlue
I may as well throw an insane mergers-and-acquisition call into the mix. I don't follow the airline industry as well as I should to merit making this call, but I know American Airlines Group (NASDAQ: AAL) and JetBlue (NASDAQ: JBLU) are still losing money in 2021.
The two carriers signed a codesharing deal earlier this year, a win-win partnership that helps each player cover for blindspots in their routes map. Both air carriers are still struggling. The airline industry dynamics are still out of whack, with consumers hesitant to fly in crowded planes and corporate travel unlikely to ever recover to pre-pandemic levels. Call either airline's customer service number and you may be left holding for hours some days.
A legacy carrier like American Airlines and a low-cost yet frills-rich operator like JetBlue would make an odd pairing, but both are struggling right now. The industry is out of favor, and this may be the only time in the next few years that antitrust regulatory agencies would approve a deal of this size.
If American Airlines and JetBlue don't hook up, don't be surprised if another combination of two air carriers is announced before the end of this year.
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Rick Munarriz owns shares of Bitcoin and Walt Disney. The Motley Fool owns shares of and recommends Bitcoin and Walt Disney. The Motley Fool recommends JetBlue Airways. 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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I don't follow the airline industry as well as I should to merit making this call, but I know American Airlines Group (NASDAQ: AAL) and JetBlue (NASDAQ: JBLU) are still losing money in 2021. The two carriers signed a codesharing deal earlier this year, a win-win partnership that helps each player cover for blindspots in their routes map. The airline industry dynamics are still out of whack, with consumers hesitant to fly in crowded planes and corporate travel unlikely to ever recover to pre-pandemic levels.
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I don't follow the airline industry as well as I should to merit making this call, but I know American Airlines Group (NASDAQ: AAL) and JetBlue (NASDAQ: JBLU) are still losing money in 2021. The Motley Fool owns shares of and recommends Bitcoin and Walt Disney. The Motley Fool recommends JetBlue Airways.
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I don't follow the airline industry as well as I should to merit making this call, but I know American Airlines Group (NASDAQ: AAL) and JetBlue (NASDAQ: JBLU) are still losing money in 2021. If American Airlines and JetBlue don't hook up, don't be surprised if another combination of two air carriers is announced before the end of this year. See the 10 stocks *Stock Advisor returns as of August 9, 2021 Rick Munarriz owns shares of Bitcoin and Walt Disney.
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I don't follow the airline industry as well as I should to merit making this call, but I know American Airlines Group (NASDAQ: AAL) and JetBlue (NASDAQ: JBLU) are still losing money in 2021. If American Airlines and JetBlue don't hook up, don't be surprised if another combination of two air carriers is announced before the end of this year. The Motley Fool owns shares of and recommends Bitcoin and Walt Disney.
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4256.0
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2021-08-16 00:00:00 UTC
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Wall Street set for lower open as China data sours mood
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AAL
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https://www.nasdaq.com/articles/wall-street-set-for-lower-open-as-china-data-sours-mood-2021-08-16
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nan
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nan
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By Devik Jain
Aug 16 (Reuters) - The Dow and the S&P 500 were set to slip from record highs on Monday as glum data from China sparked fears of slowing global growth and hurt shares of sectors that are closely linked to the health of the U.S. economy.
The data showed that retail sales, industrial production and urban investment in China all missed forecasts, pointing to the impact of the fast-spreading Delta variant of the coronavirus and knocking down prices of oil and other commodities.
Shares of energy firms Conocophillips COP.N, Exxon Mobil XOM.N, Chevron Corp CVX.N and Schlumberger NV SLB.N fell nearly 1%. Freeport-McMoRan FCX.N, the world's largest publicly traded copper producer, lost 2.6%.
Interest rate-sensitive lenders Bank of America Corp BAC.N, JPMorgan Chase & Co JPM.N, Wells Fargo & Co WFC.N and Citigroup Inc C.N fell between 0.6% and 0.8%. US/
"The expectation is that Delta could be slowing things down... the concern is how much more, not only in China but also around the globe, could be affected by the Delta variant and that is still yet to be decided," said Sam Stovall, chief investment strategist at CFRA.
The rapid spread of the Delta variant has clouded market sentiment recently, with a survey last week showing U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade.
Coronavirus cases in the United States rose by at least 37,024 on Sunday to a total of 36.85 million, according to a Reuters tally.
Cruise operators Royal Caribbean Group RCL.N, Norwegian Cruise Line Holdings NCLH.N and Carnival Corp CCL.N slipped between 1.9% and 2.7%. Delta Air lines Inc DAL.N, United Airlines UAL.O and American Airlines Group AAL.O were down between 1.3% and 1.5% after gaining earlier this year on hopes of a rebound in travel.
At 8:33 a.m. ET, Dow e-minis 1YMcv1 were down 141 points, or 0.4%, S&P 500 e-minis EScv1 were down 16.25 points, or 0.36%, and Nasdaq 100 e-minis NQcv1 were down 50.75 points, or 0.34%.
U.S. stocks managed to grind to new highs over the past few sessions as investor confidence in a recovery was bolstered by a strong earnings season, the passage of a large infrastructure bill and data showing inflation was rising at a slower pace than feared.
The S&P 500 value index .IVX, which houses stocks that stand to benefit the most from an economic rebound, and its tech-heavy growth counterpart .IGX has gained 1.9% and 1.4% respectively, so far in August.
"Right now, the market is sort of spinning its wheels as it tries to figure out what the intermediate to longer term direction is likely to be," Stovall said.
Earnings reports from companies including Target Corp TGT.N, Walmart Inc WMT.N, Home Depot Inc HD.N, Robinhood Markets Inc HOOD.O, Nvidia Corp NVDA.O and Macy's Inc M.N are due later this week.
(Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel and Saumyadeb Chakrabarty)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
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, United Airlines UAL.O and American Airlines Group AAL.O were down between 1.3% and 1.5% after gaining earlier this year on hopes of a rebound in travel. By Devik Jain Aug 16 (Reuters) - The Dow and the S&P 500 were set to slip from record highs on Monday as glum data from China sparked fears of slowing global growth and hurt shares of sectors that are closely linked to the health of the U.S. economy. The data showed that retail sales, industrial production and urban investment in China all missed forecasts, pointing to the impact of the fast-spreading Delta variant of the coronavirus and knocking down prices of oil and other commodities.
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Delta Air lines Inc DAL.N, United Airlines UAL.O and American Airlines Group AAL.O were down between 1.3% and 1.5% after gaining earlier this year on hopes of a rebound in travel. By Devik Jain Aug 16 (Reuters) - The Dow and the S&P 500 were set to slip from record highs on Monday as glum data from China sparked fears of slowing global growth and hurt shares of sectors that are closely linked to the health of the U.S. economy. ET, Dow e-minis 1YMcv1 were down 141 points, or 0.4%, S&P 500 e-minis EScv1 were down 16.25 points, or 0.36%, and Nasdaq 100 e-minis NQcv1 were down 50.75 points, or 0.34%.
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Delta Air lines Inc DAL.N, United Airlines UAL.O and American Airlines Group AAL.O were down between 1.3% and 1.5% after gaining earlier this year on hopes of a rebound in travel. By Devik Jain Aug 16 (Reuters) - The Dow and the S&P 500 were set to slip from record highs on Monday as glum data from China sparked fears of slowing global growth and hurt shares of sectors that are closely linked to the health of the U.S. economy. The data showed that retail sales, industrial production and urban investment in China all missed forecasts, pointing to the impact of the fast-spreading Delta variant of the coronavirus and knocking down prices of oil and other commodities.
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Delta Air lines Inc DAL.N, United Airlines UAL.O and American Airlines Group AAL.O were down between 1.3% and 1.5% after gaining earlier this year on hopes of a rebound in travel. By Devik Jain Aug 16 (Reuters) - The Dow and the S&P 500 were set to slip from record highs on Monday as glum data from China sparked fears of slowing global growth and hurt shares of sectors that are closely linked to the health of the U.S. economy. The data showed that retail sales, industrial production and urban investment in China all missed forecasts, pointing to the impact of the fast-spreading Delta variant of the coronavirus and knocking down prices of oil and other commodities.
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4257.0
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2021-08-16 00:00:00 UTC
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U.S. stock futures fall as China data sours global mood
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AAL
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https://www.nasdaq.com/articles/u.s.-stock-futures-fall-as-china-data-sours-global-mood-2021-08-16
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures down: Dow 0.24%, S&P 0.24%, Nasdaq 0.25%
Aug 16 (Reuters) - The Dow and S&P 500 futures eased from record highs on Monday after underwhelming data from China, while focus was on the minutes of the Federal Reserve's July meeting and economic data later this week to gauge the pace of a U.S. recovery.
Economy-linked stocks led declines in early premarket trading.
Energy firms Halliburton Co HAL.N, Exxon Mobil XOM.N, Chevron Corp CVX.N, Occidental Petroleum OXY.N and Schlumberger NV SLB.N were down between 0.7% and 1.1%, tracking crude prices lower after data showed economic activity slowed in China. O/R
The report, which indicated that COVID-19 outbreaks are crimping China, dented mood across global markets. Freeport-McMoRan FCX.N, the world's largest publicly traded copper producer, lost 1.8%.
The rapid spread of the Delta variant of COVID-19 has clouded market sentiment recently, with a survey last week showing U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade.
Coronavirus cases in the United States rose by at least 37,024 on Sunday to a total of 36.85 million, according to a Reuters tally.
Cruise operators Royal Caribbean Group RCL.N, Norwegian Cruise Line Holdings NCLH.N and Carnival Corp CCL.N slipped between 0.8% and 2%. Delta Air lines Inc DAL.N, United Airlines UAL.O and American Airlines Group AAL.O were down between 0.8% and 0.9% after gaining earlier this year on hopes of a stronger rebound in travel demand.
At 7:15 a.m. ET, Dow e-minis 1YMcv1 were down 86 points, or 0.24%, S&P 500 e-minis EScv1 were down 10.5 points, or 0.24%, and Nasdaq 100 e-minis NQcv1 were down 37.5 points, or 0.25%.
U.S. stocks managed to grind to new highs over the past few sessions as investor confidence in the economic recovery was bolstered by a strong earnings season, the passage of a large infrastructure bill and data showing inflation was rising at a slower pace than feared.
Earnings reports from companies including Target Corp TGT.N, Walmart Inc WMT.N, Home Depot Inc HD.N, Robinhood Markets Inc HOOD.O, Nvidia Corp NVDA.O and Macy's Inc M.N are due later this week.
Investors will be looking for clues as to when the Fed will start to taper its bond purchases from the minutes of its July meeting on Wednesday, while retail sales data will be released on Tuesday.
Tencent Music Entertainment Group TME.N fell 1.5% ahead of its results after market close as Soros Fund Management dissolved its stake in the Chinese music platform.
Rate-sensitive lenders Goldman Sachs Group Inc GS.N, Morgan Stanley MS.N, Bank of America Corp BAC.N, JPMorgan Chase & Co JPM.N, Wells Fargo & Co WFC.N and Citigroup Inc C.N fell between 0.5% and 0.8%. US/
(Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
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, United Airlines UAL.O and American Airlines Group AAL.O were down between 0.8% and 0.9% after gaining earlier this year on hopes of a stronger rebound in travel demand. Energy firms Halliburton Co HAL.N, Exxon Mobil XOM.N, Chevron Corp CVX.N, Occidental Petroleum OXY.N and Schlumberger NV SLB.N were down between 0.7% and 1.1%, tracking crude prices lower after data showed economic activity slowed in China. U.S. stocks managed to grind to new highs over the past few sessions as investor confidence in the economic recovery was bolstered by a strong earnings season, the passage of a large infrastructure bill and data showing inflation was rising at a slower pace than feared.
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Delta Air lines Inc DAL.N, United Airlines UAL.O and American Airlines Group AAL.O were down between 0.8% and 0.9% after gaining earlier this year on hopes of a stronger rebound in travel demand. Futures down: Dow 0.24%, S&P 0.24%, Nasdaq 0.25% Aug 16 (Reuters) - The Dow and S&P 500 futures eased from record highs on Monday after underwhelming data from China, while focus was on the minutes of the Federal Reserve's July meeting and economic data later this week to gauge the pace of a U.S. recovery. ET, Dow e-minis 1YMcv1 were down 86 points, or 0.24%, S&P 500 e-minis EScv1 were down 10.5 points, or 0.24%, and Nasdaq 100 e-minis NQcv1 were down 37.5 points, or 0.25%.
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Delta Air lines Inc DAL.N, United Airlines UAL.O and American Airlines Group AAL.O were down between 0.8% and 0.9% after gaining earlier this year on hopes of a stronger rebound in travel demand. Futures down: Dow 0.24%, S&P 0.24%, Nasdaq 0.25% Aug 16 (Reuters) - The Dow and S&P 500 futures eased from record highs on Monday after underwhelming data from China, while focus was on the minutes of the Federal Reserve's July meeting and economic data later this week to gauge the pace of a U.S. recovery. U.S. stocks managed to grind to new highs over the past few sessions as investor confidence in the economic recovery was bolstered by a strong earnings season, the passage of a large infrastructure bill and data showing inflation was rising at a slower pace than feared.
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Delta Air lines Inc DAL.N, United Airlines UAL.O and American Airlines Group AAL.O were down between 0.8% and 0.9% after gaining earlier this year on hopes of a stronger rebound in travel demand. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures down: Dow 0.24%, S&P 0.24%, Nasdaq 0.25% Aug 16 (Reuters) - The Dow and S&P 500 futures eased from record highs on Monday after underwhelming data from China, while focus was on the minutes of the Federal Reserve's July meeting and economic data later this week to gauge the pace of a U.S. recovery.
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4258.0
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2021-08-14 00:00:00 UTC
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Airline Stocks Have Been Turbulent. Here Are 3 That Can Soar
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AAL
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https://www.nasdaq.com/articles/airline-stocks-have-been-turbulent.-here-are-3-that-can-soar-2021-08-14
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The airline industry can't seem to navigate away from trouble right now.
Stocks plunged last year as the pandemic hit, with investors rightfully concluding that COVID-19 would crimp travel demand and send airlines into the red. But the U.S. industry weathered that storm relatively well, and stocks began pushing higher late last year as the vaccine rollout gained traction.
This summer there have been new headaches. Demand has returned faster than airlines can rebuild their schedules, often causing cascading delays. Spirit Airlines is the latest to be making headlines for mass flight cancellations, but issues have plagued carriers including Delta Air Lines, American Airlines Group, and Southwest Airlines (NYSE: LUV) at various points this summer.
Quite frankly, the industry is a mess right now. But for long-term investors able to stomach some near-term turbulence, there are some attractive opportunities among these stocks. Here's why three Fool contributors are bullish on Southwest, Alaska Air Group (NYSE: ALK), and Atlas Air Worldwide Holdings (NASDAQ: AAWW).
Image source: Getty Images.
In times of uncertainty, fly with the leader
Lou Whiteman (Southwest): At first glance, this would appear to be an odd time to recommend Southwest Airlines. After all, the company just days ago slashed its guidance due to a slowdown in bookings and an uptick in last-minute cancellations.
But the reasoning behind the guidance change is not unique to Southwest. It was driven by the rapid spread of the delta variant. And Southwest more than any other U.S.-based carrier is set up well to handle whatever comes next. Given the growing uncertainty surrounding the pandemic, it is a good time to fly with the most stable airline.
Southwest expects revenue to fall by 15% to 20% in August relative to 2019, worse than its previous projection of a 12% to 17% decline and down from a July 12% fall. For the third quarter, the airline expects revenue to decrease by 15% to 20% compared to 2019.
The airline is the first to cut third-quarter guidance, but I'd be shocked if Southwest is seeing booking patterns that its competitors are not. The end of the summer travel season was likely to hit airline revenue hard even absent a new spike in COVID-19 cases. The added twist of the delta variant is almost sure to mean flights will be less full in the weeks to come.
Southwest throughout its history has won by being aggressive when others were retrenching, and the airline is set up well to do so again should conditions worsen. The airline has the industry's best balance sheet, with financial debt totaling just 0.36 times equity. Alaska is not far behind, at 0.4 times equity, but major competitors like American and United Airlines Holdings have debt totals that are more than twice their total equity.
Southwest is already investing during this moment of weakness, in June announcing a beefed-up order for new Boeing planes.
If the delta variant ends up just a temporary speed bump and travel demand rebounds in the months to come, Southwest with its leisure-focused route network and low costs is set up well to win. If it isn't just a speed bump, and we see a new crisis, there is no better airline to bet on during a downturn. Whatever happens from here, Southwest is the best airline to climb aboard right now.
Off its lows, this airline stock remains a bargain
Rich Smith (Alaska Air Group): Maybe I just lack imagination, but it still seems to me that Alaska Air Group is one of the best bets on airline stocks in any market -- and perhaps the best of all in a pandemic market like this one, wherein vacation travelers might be expected to prefer travel destinations with a bit more elbow room.
Consider: In Alaska's second-quarter earnings report last month, the company reported a big bounce back in revenue from Q2 2020, and a big $3.13-per-share profit, too, when calculated according to generally accepted accounting principles (GAAP). Revenue isn't quite back to pre-pandemic levels just yet, true, but it's heading in the right direction. Profits -- albeit still bolstered by government assistance -- were the best Alaska Air has seen since before COVID-19 was a thing.
Image source: Alaska Air Group.
As travelers get more comfortable flying, I expect things to continue improving for Alaska Air. So far at least, management says it hasn't seen any softening of demand trends despite the arrival of the delta variant of the coronavirus, and it's anticipating it will remain profitable through the end of this fiscal year at least.
And valuation-wise, I still see Alaska Air as top of the heap. Free cash flow for the last 12 months was a solid $312 million, with free cash flow in the first half of 2021 alone surging past $900 million. If Alaska can repeat that in the year's second half, we should be looking at a $7.4 billion stock ($8.1 billion net of debt) selling for just 4.1 times current year free cash flow (4.5 times with included debt).
At a stock price 8% below where it traded just before the pandemic hit, Alaska Air stock still looks like a bargain to me.
Forget vacationers, bet on a continued economic rebound instead
Rich Duprey (Atlas Air Worldwide): I'm not the biggest fan of airline stocks, but I recognize the value of getting from point A to point B quickly. That applies equally well to cargo. It is essentially the same business as commercial airlines, but with boxes instead of passengers, and I believe that's a bigger, better growth opportunity for investors.
Atlas Air Worldwide is a leading carrier in that regard and is a contractor for Amazon, which also partially owns the cargo aircraft operator and has warrants that could give it just under a 40% stake in the company. Helping Amazon to deliver the billions of packages it ships each year has been rewarding for Atlas, especially during the height of the pandemic, but it is continuing today.
Global air freight volumes exceed pre-pandemic levels and are forecast to hit $4.2 trillion this year, and Atlas president and CEO John Dietrich says economic and supply chain conditions remain favorable for air cargo carriers because demand "continues to exceed available supply, particularly on long-haul international routes, as belly capacity on a significant number of widebody passenger aircraft remains out of the market."
There is risk, as Amazon could pull its business from the carrier, and it's no surprise Amazon is building out its own air cargo fleet. But Atlas Air Worldwide operates the world's largest fleet of 747 freighters that count as customers express delivery carriers like DHL (which it operates a joint venture with), the U.S. military, freight forwarders, commercial airlines, and more.
Air cargo is a necessary and growing component of the global economy more so now than before and Air Atlas Worldwide offers the lowest valuations of any of its peers trading at just seven times estimated earnings and a fraction of its revenue, making the stock one investors could see take flight in their portfolios.
10 stocks we like better than Southwest Airlines
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Southwest Airlines wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of August 9, 2021
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. Rich Duprey has no position in any of the stocks mentioned. Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon and Spirit Airlines. The Motley Fool recommends Alaska Air Group, Delta Air Lines, and Southwest Airlines and recommends the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. 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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If the delta variant ends up just a temporary speed bump and travel demand rebounds in the months to come, Southwest with its leisure-focused route network and low costs is set up well to win. Atlas Air Worldwide is a leading carrier in that regard and is a contractor for Amazon, which also partially owns the cargo aircraft operator and has warrants that could give it just under a 40% stake in the company. Global air freight volumes exceed pre-pandemic levels and are forecast to hit $4.2 trillion this year, and Atlas president and CEO John Dietrich says economic and supply chain conditions remain favorable for air cargo carriers because demand "continues to exceed available supply, particularly on long-haul international routes, as belly capacity on a significant number of widebody passenger aircraft remains out of the market."
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Spirit Airlines is the latest to be making headlines for mass flight cancellations, but issues have plagued carriers including Delta Air Lines, American Airlines Group, and Southwest Airlines (NYSE: LUV) at various points this summer. Global air freight volumes exceed pre-pandemic levels and are forecast to hit $4.2 trillion this year, and Atlas president and CEO John Dietrich says economic and supply chain conditions remain favorable for air cargo carriers because demand "continues to exceed available supply, particularly on long-haul international routes, as belly capacity on a significant number of widebody passenger aircraft remains out of the market." The Motley Fool recommends Alaska Air Group, Delta Air Lines, and Southwest Airlines and recommends the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon.
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Spirit Airlines is the latest to be making headlines for mass flight cancellations, but issues have plagued carriers including Delta Air Lines, American Airlines Group, and Southwest Airlines (NYSE: LUV) at various points this summer. Off its lows, this airline stock remains a bargain Rich Smith (Alaska Air Group): Maybe I just lack imagination, but it still seems to me that Alaska Air Group is one of the best bets on airline stocks in any market -- and perhaps the best of all in a pandemic market like this one, wherein vacation travelers might be expected to prefer travel destinations with a bit more elbow room. The Motley Fool recommends Alaska Air Group, Delta Air Lines, and Southwest Airlines and recommends the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon.
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Off its lows, this airline stock remains a bargain Rich Smith (Alaska Air Group): Maybe I just lack imagination, but it still seems to me that Alaska Air Group is one of the best bets on airline stocks in any market -- and perhaps the best of all in a pandemic market like this one, wherein vacation travelers might be expected to prefer travel destinations with a bit more elbow room. Image source: Alaska Air Group. If Alaska can repeat that in the year's second half, we should be looking at a $7.4 billion stock ($8.1 billion net of debt) selling for just 4.1 times current year free cash flow (4.5 times with included debt).
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4259.0
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2021-08-13 00:00:00 UTC
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Notable Friday Option Activity: REGN, AAL, MCD
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AAL
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-regn-aal-mcd-2021-08-13
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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 Regeneron Pharmaceuticals, Inc. (Symbol: REGN), where a total volume of 3,213 contracts has been traded thus far today, a contract volume which is representative of approximately 321,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.6% of REGN's average daily trading volume over the past month, of 661,740 shares. Particularly high volume was seen for the $625 strike call option expiring August 13, 2021, with 203 contracts trading so far today, representing approximately 20,300 underlying shares of REGN. Below is a chart showing REGN's trailing twelve month trading history, with the $625 strike highlighted in orange:
American Airlines Group Inc (Symbol: AAL) options are showing a volume of 168,417 contracts thus far today. That number of contracts represents approximately 16.8 million underlying shares, working out to a sizeable 48.3% of AAL's average daily trading volume over the past month, of 34.9 million shares. Particularly high volume was seen for the $21 strike put option expiring September 17, 2021, with 37,210 contracts trading so far today, representing approximately 3.7 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $21 strike highlighted in orange:
And McDonald's Corp (Symbol: MCD) options are showing a volume of 12,656 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 48.1% of MCD's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $237.50 strike call option expiring August 13, 2021, with 1,580 contracts trading so far today, representing approximately 158,000 underlying shares of MCD. Below is a chart showing MCD's trailing twelve month trading history, with the $237.50 strike highlighted in orange:
For the various different available expirations for REGN options, AAL options, or MCD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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 $21 strike put option expiring September 17, 2021, with 37,210 contracts trading so far today, representing approximately 3.7 million underlying shares of AAL. Below is a chart showing REGN's trailing twelve month trading history, with the $625 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 168,417 contracts thus far today. That number of contracts represents approximately 16.8 million underlying shares, working out to a sizeable 48.3% of AAL's average daily trading volume over the past month, of 34.9 million shares.
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That number of contracts represents approximately 16.8 million underlying shares, working out to a sizeable 48.3% of AAL's average daily trading volume over the past month, of 34.9 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $21 strike highlighted in orange: And McDonald's Corp (Symbol: MCD) options are showing a volume of 12,656 contracts thus far today. Below is a chart showing REGN's trailing twelve month trading history, with the $625 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 168,417 contracts thus far today.
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That number of contracts represents approximately 16.8 million underlying shares, working out to a sizeable 48.3% of AAL's average daily trading volume over the past month, of 34.9 million shares. Below is a chart showing REGN's trailing twelve month trading history, with the $625 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 168,417 contracts thus far today. Particularly high volume was seen for the $21 strike put option expiring September 17, 2021, with 37,210 contracts trading so far today, representing approximately 3.7 million underlying shares of AAL.
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Below is a chart showing MCD's trailing twelve month trading history, with the $237.50 strike highlighted in orange: For the various different available expirations for REGN options, AAL options, or MCD options, visit StockOptionsChannel.com. Below is a chart showing REGN's trailing twelve month trading history, with the $625 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 168,417 contracts thus far today. That number of contracts represents approximately 16.8 million underlying shares, working out to a sizeable 48.3% of AAL's average daily trading volume over the past month, of 34.9 million shares.
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4260.0
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2021-08-13 00:00:00 UTC
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Russian diamond producer Alrosa's profit jumps on higher prices
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AAL
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https://www.nasdaq.com/articles/russian-diamond-producer-alrosas-profit-jumps-on-higher-prices-2021-08-13
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nan
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Adds detail, quotes, context
MOSCOW, Aug 13 (Reuters) - Russian state-controlled diamond producer Alrosa ALRS.MM on Friday reported second-quarter net profit of 30.2 billion roubles ($411 million), up 26% from the previous quarter, thanks to higher prices.
The world's largest producer of rough diamonds, which competes with Anglo American AAL.L unit De Beers, is gradually restoring output after last year's 22% reduction to 30 million carats when global diamond sales were hit by the COVID-19 pandemic.
Net profit in the same quarter last year was a mere 300 million roubles ($4 million) because of the pandemic.
Demand for diamond jewellery continued to recover in the second quarter of this year, Alrosa finance chief Alexey Philippovskiy said in a statement.
"Our outlook for the end-consumer market remains positive. The market is recovering faster than we predicted," he said, adding that diamond supply remains 20% below pre-pandemic levels and global production is unlikely to bounce back in the medium term.
Alrosa said it was on track to produce 31.5 million carats this year, with "an optimistic scenario" of additional growth of 5% growth.
The miner also cut its 2021 capital expenditure estimate by 4 billion roubles to 21 billion roubles, it said, adding that the board would recommend a dividend payment this month.
($1 = 73.5100 roubles)
(Reporting by Polina Devitt Editing by David Goodman)
((Polina.Devitt@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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The world's largest producer of rough diamonds, which competes with Anglo American AAL.L unit De Beers, is gradually restoring output after last year's 22% reduction to 30 million carats when global diamond sales were hit by the COVID-19 pandemic. Adds detail, quotes, context MOSCOW, Aug 13 (Reuters) - Russian state-controlled diamond producer Alrosa ALRS.MM on Friday reported second-quarter net profit of 30.2 billion roubles ($411 million), up 26% from the previous quarter, thanks to higher prices. Demand for diamond jewellery continued to recover in the second quarter of this year, Alrosa finance chief Alexey Philippovskiy said in a statement.
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The world's largest producer of rough diamonds, which competes with Anglo American AAL.L unit De Beers, is gradually restoring output after last year's 22% reduction to 30 million carats when global diamond sales were hit by the COVID-19 pandemic. Adds detail, quotes, context MOSCOW, Aug 13 (Reuters) - Russian state-controlled diamond producer Alrosa ALRS.MM on Friday reported second-quarter net profit of 30.2 billion roubles ($411 million), up 26% from the previous quarter, thanks to higher prices. Net profit in the same quarter last year was a mere 300 million roubles ($4 million) because of the pandemic.
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The world's largest producer of rough diamonds, which competes with Anglo American AAL.L unit De Beers, is gradually restoring output after last year's 22% reduction to 30 million carats when global diamond sales were hit by the COVID-19 pandemic. Adds detail, quotes, context MOSCOW, Aug 13 (Reuters) - Russian state-controlled diamond producer Alrosa ALRS.MM on Friday reported second-quarter net profit of 30.2 billion roubles ($411 million), up 26% from the previous quarter, thanks to higher prices. Net profit in the same quarter last year was a mere 300 million roubles ($4 million) because of the pandemic.
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The world's largest producer of rough diamonds, which competes with Anglo American AAL.L unit De Beers, is gradually restoring output after last year's 22% reduction to 30 million carats when global diamond sales were hit by the COVID-19 pandemic. Net profit in the same quarter last year was a mere 300 million roubles ($4 million) because of the pandemic. Demand for diamond jewellery continued to recover in the second quarter of this year, Alrosa finance chief Alexey Philippovskiy said in a statement.
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4261.0
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2021-08-13 00:00:00 UTC
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Russian diamond producer Alrosa's net profit up 26% quarter on quarter
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AAL
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https://www.nasdaq.com/articles/russian-diamond-producer-alrosas-net-profit-up-26-quarter-on-quarter-2021-08-13
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nan
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nan
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MOSCOW, Aug 13 (Reuters) - Russian state-controlled diamond producer Alrosa ALRS.MM on Friday reported second-quarter net profit of 30.2 billion roubles ($411 million), up 26% from the previous quarter, thanks to higher prices.
The world's largest producer of rough diamonds, which competes with Anglo American AAL.L unit De Beers, said earnings before interest, tax, depreciation and amortisation (EBITDA) rose 36% quarter on quarter to 46 billion roubles.
($1 = 73.4700 roubles)
(Reporting by Polina Devitt Editing by David Goodman )
((Polina.Devitt@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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The world's largest producer of rough diamonds, which competes with Anglo American AAL.L unit De Beers, said earnings before interest, tax, depreciation and amortisation (EBITDA) rose 36% quarter on quarter to 46 billion roubles. MOSCOW, Aug 13 (Reuters) - Russian state-controlled diamond producer Alrosa ALRS.MM on Friday reported second-quarter net profit of 30.2 billion roubles ($411 million), up 26% from the previous quarter, thanks to higher prices. ($1 = 73.4700 roubles) (Reporting by Polina Devitt Editing by David Goodman ) ((Polina.Devitt@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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The world's largest producer of rough diamonds, which competes with Anglo American AAL.L unit De Beers, said earnings before interest, tax, depreciation and amortisation (EBITDA) rose 36% quarter on quarter to 46 billion roubles. MOSCOW, Aug 13 (Reuters) - Russian state-controlled diamond producer Alrosa ALRS.MM on Friday reported second-quarter net profit of 30.2 billion roubles ($411 million), up 26% from the previous quarter, thanks to higher prices. ($1 = 73.4700 roubles) (Reporting by Polina Devitt Editing by David Goodman ) ((Polina.Devitt@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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The world's largest producer of rough diamonds, which competes with Anglo American AAL.L unit De Beers, said earnings before interest, tax, depreciation and amortisation (EBITDA) rose 36% quarter on quarter to 46 billion roubles. MOSCOW, Aug 13 (Reuters) - Russian state-controlled diamond producer Alrosa ALRS.MM on Friday reported second-quarter net profit of 30.2 billion roubles ($411 million), up 26% from the previous quarter, thanks to higher prices. ($1 = 73.4700 roubles) (Reporting by Polina Devitt Editing by David Goodman ) ((Polina.Devitt@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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The world's largest producer of rough diamonds, which competes with Anglo American AAL.L unit De Beers, said earnings before interest, tax, depreciation and amortisation (EBITDA) rose 36% quarter on quarter to 46 billion roubles. MOSCOW, Aug 13 (Reuters) - Russian state-controlled diamond producer Alrosa ALRS.MM on Friday reported second-quarter net profit of 30.2 billion roubles ($411 million), up 26% from the previous quarter, thanks to higher prices. ($1 = 73.4700 roubles) (Reporting by Polina Devitt Editing by David Goodman ) ((Polina.Devitt@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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4262.0
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2021-08-11 00:00:00 UTC
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Biden meets with United Airlines CEO, others on COVID vaccine efforts
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AAL
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https://www.nasdaq.com/articles/biden-meets-with-united-airlines-ceo-others-on-covid-vaccine-efforts-2021-08-11
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By Trevor Hunnicutt and Tracy Rucinski
WASHINGTON, Aug 11 (Reuters) - President Joe Biden is meeting on Wednesday with the chief executives of United Airlines UAL.O and Kaiser Permanente to find ways to boost U.S. COVID-19 vaccination rates, the White House said.
In addition to United Airlines' Scott Kirby, the meeting includes Kaiser Permanente Chief Executive Gregory Adams, Howard University President Wayne Frederick and a South Carolina business owner who adopted a vaccinate-or-get-tested requirement for her workers, an administration official said.
Across the country, COVID-19 cases and hospitalizations are soaring in areas with low vaccination rates, mainly conservative states in the U.S. South.
United Airlines previously announced a requirement that all its U.S.-based employees must be fully vaccinated against COVID-19. Its major U.S. rivals, American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N, are encouraging employee vaccinations but not imposing them.
Biden has endorsed companies and local governments pressing more people to get vaccinated. The Biden administration is also looking into what authority businesses have to mandate vaccines, Labor Secretary Marty Walsh told Reuters last week.
"I will have their backs and the backs of other private and public sector leaders if they take such steps," the Democratic president said last week.
Speaking to MSNBC earlier, Kirby said employee response had been overwhelmingly positive, though some had opposed.
Mandating vaccines for passengers, however, would be more difficult and require U.S. government involvement, he said.
U.S. airlines have enjoyed a broad rebound in travel demand this summer, but Southwest warned on Wednesday that rising COVID-19 cases were hitting demand, a sign of the impact of the Delta variant on the U.S. economy.
Among other transportation companies, U.S. passenger railroad Amtrak said on Wednesday it will require all of its 18,000 employees to be fully vaccinated against COVID-19 by Nov. 1 or submit to weekly testing.
Texas governor's ban on mask mandates dealt second legal blow
GRAPHIC-Tracking coronavirus vaccinations and outbreaks in the U.S.https://tmsnrt.rs/2WTOZDR
GRAPHIC-COVID-19 global trackerhttps://tmsnrt.rs/34pvUyi
GRAPHIC-COVID-19 vaccine global trackerhttps://tmsnrt.rs/3tUM8ta
(Reporting by Trevor Hunnicutt and Tracy Rucinski; Additional reporting by Susan Heavey and David Shepardson; Editing by Chizu Nomiyama and Lisa Shumaker)
((trevor.hunnicutt@tr.com; +1 646 223 7914; twitter.com/trhunnicutt; Reuters Messaging: trevor.hunnicutt.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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Its major U.S. rivals, American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N, are encouraging employee vaccinations but not imposing them. By Trevor Hunnicutt and Tracy Rucinski WASHINGTON, Aug 11 (Reuters) - President Joe Biden is meeting on Wednesday with the chief executives of United Airlines UAL.O and Kaiser Permanente to find ways to boost U.S. COVID-19 vaccination rates, the White House said. In addition to United Airlines' Scott Kirby, the meeting includes Kaiser Permanente Chief Executive Gregory Adams, Howard University President Wayne Frederick and a South Carolina business owner who adopted a vaccinate-or-get-tested requirement for her workers, an administration official said.
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Its major U.S. rivals, American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N, are encouraging employee vaccinations but not imposing them. By Trevor Hunnicutt and Tracy Rucinski WASHINGTON, Aug 11 (Reuters) - President Joe Biden is meeting on Wednesday with the chief executives of United Airlines UAL.O and Kaiser Permanente to find ways to boost U.S. COVID-19 vaccination rates, the White House said. In addition to United Airlines' Scott Kirby, the meeting includes Kaiser Permanente Chief Executive Gregory Adams, Howard University President Wayne Frederick and a South Carolina business owner who adopted a vaccinate-or-get-tested requirement for her workers, an administration official said.
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Its major U.S. rivals, American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N, are encouraging employee vaccinations but not imposing them. By Trevor Hunnicutt and Tracy Rucinski WASHINGTON, Aug 11 (Reuters) - President Joe Biden is meeting on Wednesday with the chief executives of United Airlines UAL.O and Kaiser Permanente to find ways to boost U.S. COVID-19 vaccination rates, the White House said. In addition to United Airlines' Scott Kirby, the meeting includes Kaiser Permanente Chief Executive Gregory Adams, Howard University President Wayne Frederick and a South Carolina business owner who adopted a vaccinate-or-get-tested requirement for her workers, an administration official said.
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Its major U.S. rivals, American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N, are encouraging employee vaccinations but not imposing them. By Trevor Hunnicutt and Tracy Rucinski WASHINGTON, Aug 11 (Reuters) - President Joe Biden is meeting on Wednesday with the chief executives of United Airlines UAL.O and Kaiser Permanente to find ways to boost U.S. COVID-19 vaccination rates, the White House said. Mandating vaccines for passengers, however, would be more difficult and require U.S. government involvement, he said.
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4263.0
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2021-08-11 00:00:00 UTC
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Pre-Market Most Active for Aug 11, 2021 : FULC, FUBO, SPCE, ZEV, SQQQ, AMC, AU, CDAY, FGEN, ORPH, AAL, SDC
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-aug-11-2021-%3A-fulc-fubo-spce-zev-sqqq-amc-au-cday-fgen-orph-aal
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The NASDAQ 100 Pre-Market Indicator is up 33.1 to 15,086.68. The total Pre-Market volume is currently 12,906,197 shares traded.
The following are the most active stocks for the pre-market session:
Fulcrum Therapeutics, Inc. (FULC) is +1.16 at $19.93, with 1,366,412 shares traded., following a 52-week high recorded in prior regular session.
fuboTV Inc. (FUBO) is +4.52 at $33.16, with 992,684 shares traded. As reported by Zacks, the current mean recommendation for FUBO is in the "buy range".
Virgin Galactic Holdings, Inc. (SPCE) is -1.23 at $30.10, with 891,719 shares traded. SPCE's current last sale is 70% of the target price of $43.
Lightning eMotors, Inc (ZEV) is -0.54 at $11.06, with 882,003 shares traded. As reported by Zacks, the current mean recommendation for ZEV is in the "buy range".
ProShares UltraPro Short QQQ (SQQQ) is +0.05 at $8.24, with 850,496 shares traded. This represents a 3.13% increase from its 52 Week Low.
AMC Entertainment Holdings, Inc. (AMC) is +0.02 at $31.77, with 835,132 shares traded. AMC's current last sale is 423.6% of the target price of $7.5.
AngloGold Ashanti Limited (AU) is +0.37 at $15.87, with 805,197 shares traded., following a 52-week high recorded in prior regular session.
Ceridian HCM Holding Inc. (CDAY) is -2.73 at $103.00, with 751,229 shares traded. CDAY's current last sale is 96.26% of the target price of $107.
FibroGen, Inc (FGEN) is -0.78 at $12.41, with 485,912 shares traded. FGEN's current last sale is 42.79% of the target price of $29.
Orphazyme A/S (ORPH) is +0.31 at $5.53, with 457,273 shares traded. ORPH's current last sale is 553% of the target price of $1.
American Airlines Group, Inc. (AAL) is -0.26 at $20.68, with 377,448 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021. The consensus EPS forecast is $-0.92. AAL's current last sale is 98.48% of the target price of $21.
SmileDirectClub, Inc. (SDC) is +0.12 at $5.20, with 354,783 shares traded., following a 52-week high recorded in prior regular session.
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) is -0.26 at $20.68, with 377,448 shares traded. AAL's current last sale is 98.48% of the target price of $21. Fulcrum Therapeutics, Inc. (FULC) is +1.16 at $19.93, with 1,366,412 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is -0.26 at $20.68, with 377,448 shares traded. AAL's current last sale is 98.48% of the target price of $21. Fulcrum Therapeutics, Inc. (FULC) is +1.16 at $19.93, with 1,366,412 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is -0.26 at $20.68, with 377,448 shares traded. AAL's current last sale is 98.48% of the target price of $21. The total Pre-Market volume is currently 12,906,197 shares traded.
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AAL's current last sale is 98.48% of the target price of $21. American Airlines Group, Inc. (AAL) is -0.26 at $20.68, with 377,448 shares traded. FGEN's current last sale is 42.79% of the target price of $29.
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4264.0
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2021-08-11 00:00:00 UTC
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JetBlue launches first London flight despite lingering pandemic
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AAL
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https://www.nasdaq.com/articles/jetblue-launches-first-london-flight-despite-lingering-pandemic-2021-08-12
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By Sarah Young and Tracy Rucinski
Aug 11 (Reuters) - JetBlue Airways Corp JBLU.O started transatlantic flights between New York and London on Wednesday, planning to grab market share with low fares and drive a recovery on what is usually one of the world's busiest and most lucrative international routes.
Transatlantic travel remains partially shut as the United States is still not allowing most travelers from Britain into the country because of the coronavirus pandemic. Anyone who does enter, including U.S. citizens, must present a negative COVID-19 test.
The UK only opened to fully vaccinated U.S. travelers earlier in August.
But New York-based JetBlue pressed ahead with the start of its daily John F. Kennedy (JFK) Airport to Heathrow service, counting on its new Airbus A321LR jets, a longer-range variant of the A321neo, to underpin profits.
Fares for JetBlue's Mint class, which features 24 lie-flat private suites, will start at $1,979 and 999 pounds, significantly cheaper than traditional prices by rivals, while round-trip economy tickets will start at $599 for U.S. travelers.
Speaking at JFK before the first departure, JetBlue Chief Executive Robin Hayes said the launch was already driving a price war, with fares between New York and London falling since its flights went on sale.
"JetBlue is responsible for that," he said.
UK-based airlines British Airways ICAG.L and Virgin Atlantic are struggling in the pandemic because unlike U.S. rivals American Airlines AAL.O, Delta Air Lines DAL.N and United Airlines UAL.O, they do not have a large, buoyant domestic market to fall back on.
JetBlue, which plans to add flights to London's Gatwick in late September and between Boston and London next year, was more affected than other U.S. airlines during the pandemic because its hub airports were heavily affected by lockdowns.
As domestic COVID-19 restrictions ease, it has seen an increase in revenues. It hopes its London service will provide a further boost and that it will fare better than other low-cost carriers that have tried and failed to conquer the transatlantic in the past.
(Reporting by Sarah Young in London and Tracy Rucinski in Chicago; Editing by Peter Cooney)
((tracy.rucinski@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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UK-based airlines British Airways ICAG.L and Virgin Atlantic are struggling in the pandemic because unlike U.S. rivals American Airlines AAL.O, Delta Air Lines DAL.N and United Airlines UAL.O, they do not have a large, buoyant domestic market to fall back on. By Sarah Young and Tracy Rucinski Aug 11 (Reuters) - JetBlue Airways Corp JBLU.O started transatlantic flights between New York and London on Wednesday, planning to grab market share with low fares and drive a recovery on what is usually one of the world's busiest and most lucrative international routes. But New York-based JetBlue pressed ahead with the start of its daily John F. Kennedy (JFK) Airport to Heathrow service, counting on its new Airbus A321LR jets, a longer-range variant of the A321neo, to underpin profits.
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UK-based airlines British Airways ICAG.L and Virgin Atlantic are struggling in the pandemic because unlike U.S. rivals American Airlines AAL.O, Delta Air Lines DAL.N and United Airlines UAL.O, they do not have a large, buoyant domestic market to fall back on. By Sarah Young and Tracy Rucinski Aug 11 (Reuters) - JetBlue Airways Corp JBLU.O started transatlantic flights between New York and London on Wednesday, planning to grab market share with low fares and drive a recovery on what is usually one of the world's busiest and most lucrative international routes. Speaking at JFK before the first departure, JetBlue Chief Executive Robin Hayes said the launch was already driving a price war, with fares between New York and London falling since its flights went on sale.
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UK-based airlines British Airways ICAG.L and Virgin Atlantic are struggling in the pandemic because unlike U.S. rivals American Airlines AAL.O, Delta Air Lines DAL.N and United Airlines UAL.O, they do not have a large, buoyant domestic market to fall back on. By Sarah Young and Tracy Rucinski Aug 11 (Reuters) - JetBlue Airways Corp JBLU.O started transatlantic flights between New York and London on Wednesday, planning to grab market share with low fares and drive a recovery on what is usually one of the world's busiest and most lucrative international routes. JetBlue, which plans to add flights to London's Gatwick in late September and between Boston and London next year, was more affected than other U.S. airlines during the pandemic because its hub airports were heavily affected by lockdowns.
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UK-based airlines British Airways ICAG.L and Virgin Atlantic are struggling in the pandemic because unlike U.S. rivals American Airlines AAL.O, Delta Air Lines DAL.N and United Airlines UAL.O, they do not have a large, buoyant domestic market to fall back on. By Sarah Young and Tracy Rucinski Aug 11 (Reuters) - JetBlue Airways Corp JBLU.O started transatlantic flights between New York and London on Wednesday, planning to grab market share with low fares and drive a recovery on what is usually one of the world's busiest and most lucrative international routes. Transatlantic travel remains partially shut as the United States is still not allowing most travelers from Britain into the country because of the coronavirus pandemic.
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4265.0
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2021-08-10 00:00:00 UTC
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Peruvian mining sector to pay record $3 bln in taxes in 2021, says industry group
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AAL
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https://www.nasdaq.com/articles/peruvian-mining-sector-to-pay-record-%243-bln-in-taxes-in-2021-says-industry-group-2021-08
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LIMA, Aug 10 (Reuters) - Peruvian mining companies will pay a record 12 billion soles ($3 billion) in taxes in 2021, more than twice what they paid in 2019 before the pandemic, the industry group representing the sector said on Tuesday.
Mining is a key source of tax revenue for Peru, the world's No. 2 copper producer. Miners have benefited this year from higher prices and a weak local currency, which boosted their revenue and increased their tax bills due to exports sold in dollars.
The National Society of Mining, Oil and Energy said in a statement that miners paid 4 billion soles in taxes in 2020, when output was hit by pandemic restrictions, and about 4.8 billion soles in 2019.
The group - whose members include Compania de Minas Buenaventura BUEv.LM and subsidiaries of Anglo American AAL.L, Hudbay Minerals HBM.TO, Southern Copper Corp SCCO.N and Barrick Gold Corp ABX.TO - also forecasts that the mining sector will pay 17 billion soles in taxes on average each year from 2022 through 2026.
It said this was higher than in any other five-year period.
Peru is under a new left-wing government led by President Pedro Castillo, an elementary school teacher, who is seeking to extract higher taxes from the mining sector but has not yet made any concrete proposal on the issue.
Neighbor Chile, the world's top copper producer, is also discussing higher taxes for miners in Congress.
The mining industry group said in its statement that the current Peruvian tax system was "considered a good regime by international and national experts."
Peru's economy ministry said overall tax revenue in Peru will rise 24% in 2021 compared with a year earlier, and a further 8% in 2022, according to preliminary estimates.
($1 = 4.0661 soles)
(Reporting by Marco Aquino and Marcelo Rochabrun Editing by David Holmes)
((marcelo.rochabrun@thomsonreuters.com; +55 11 5644 7768;))
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 group - whose members include Compania de Minas Buenaventura BUEv.LM and subsidiaries of Anglo American AAL.L, Hudbay Minerals HBM.TO, Southern Copper Corp SCCO.N and Barrick Gold Corp ABX.TO - also forecasts that the mining sector will pay 17 billion soles in taxes on average each year from 2022 through 2026. Miners have benefited this year from higher prices and a weak local currency, which boosted their revenue and increased their tax bills due to exports sold in dollars. Peru is under a new left-wing government led by President Pedro Castillo, an elementary school teacher, who is seeking to extract higher taxes from the mining sector but has not yet made any concrete proposal on the issue.
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The group - whose members include Compania de Minas Buenaventura BUEv.LM and subsidiaries of Anglo American AAL.L, Hudbay Minerals HBM.TO, Southern Copper Corp SCCO.N and Barrick Gold Corp ABX.TO - also forecasts that the mining sector will pay 17 billion soles in taxes on average each year from 2022 through 2026. LIMA, Aug 10 (Reuters) - Peruvian mining companies will pay a record 12 billion soles ($3 billion) in taxes in 2021, more than twice what they paid in 2019 before the pandemic, the industry group representing the sector said on Tuesday. The National Society of Mining, Oil and Energy said in a statement that miners paid 4 billion soles in taxes in 2020, when output was hit by pandemic restrictions, and about 4.8 billion soles in 2019.
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The group - whose members include Compania de Minas Buenaventura BUEv.LM and subsidiaries of Anglo American AAL.L, Hudbay Minerals HBM.TO, Southern Copper Corp SCCO.N and Barrick Gold Corp ABX.TO - also forecasts that the mining sector will pay 17 billion soles in taxes on average each year from 2022 through 2026. LIMA, Aug 10 (Reuters) - Peruvian mining companies will pay a record 12 billion soles ($3 billion) in taxes in 2021, more than twice what they paid in 2019 before the pandemic, the industry group representing the sector said on Tuesday. The National Society of Mining, Oil and Energy said in a statement that miners paid 4 billion soles in taxes in 2020, when output was hit by pandemic restrictions, and about 4.8 billion soles in 2019.
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The group - whose members include Compania de Minas Buenaventura BUEv.LM and subsidiaries of Anglo American AAL.L, Hudbay Minerals HBM.TO, Southern Copper Corp SCCO.N and Barrick Gold Corp ABX.TO - also forecasts that the mining sector will pay 17 billion soles in taxes on average each year from 2022 through 2026. LIMA, Aug 10 (Reuters) - Peruvian mining companies will pay a record 12 billion soles ($3 billion) in taxes in 2021, more than twice what they paid in 2019 before the pandemic, the industry group representing the sector said on Tuesday. Mining is a key source of tax revenue for Peru, the world's No.
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4266.0
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2021-08-06 00:00:00 UTC
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Best Stocks To Buy Right Now? 4 Leisure Stocks To Watch
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https://www.nasdaq.com/articles/best-stocks-to-buy-right-now-4-leisure-stocks-to-watch-2021-08-06
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Check Out These Top Leisure Stocks To Watch Now
Whether you are bullish on the current reopening trade or skeptical due to coronavirus fears, leisure stocks remain relevant. If anything, this part of the stock market today is home to a rather crucial business in our world today. That is the business of relaxation. In a nutshell, consumers often turn to companies in the leisure industry when they are looking to spend their free time. Regardless of the state of the world, most would have additional free time on their hands. As such, it would make sense that investors are turning their attention towards some of the top leisure stocks now.
Today, consumers and investors alike are spoilt for choices when it comes to picking a lane in the leisure business. Given the vast number of time-killing activities available now, this would be the case. For instance, those who are already fully vaccinated would consider turning towards cruises and domestic travel. This would see names such as Carnival Cruise (NYSE: CCL) be in focus now.
Elsewhere, companies that offer digital means of entertainment are also gaining traction. Take Penn National Gaming (NASDAQ: PENN) for example. The company’s online sports betting services have and continue to cater to millions of members across the U.S. Across the board, leisure stocks appear to be a viable play in the stock market right now. With that in mind, could one of these four be worth investing in?
Best Leisure Stocks To Buy [Or Sell] In August 2021
Canopy Growth Corporation (NASDAQ: CGC)
Norwegian Cruise Line Holdings (NYSE: NCLH)
DraftKings Inc. (NASDAQ: DKNG)
American Airlines Group Inc. (NASDAQ: AAL)
Canopy Growth Corporation
Canopy Growth Corporation is a cannabis company that is based in Ontario, Canada. In essence, the company is a global diversified cannabis and cannabinoid-based consumer product company. It offers a high variety of products that include high-quality dried flowers, oils, edibles, and infused beverages among others. The company also has a global medical brand, Spectrum Therapeutics, that sells a range of medical products using its color-coded classification system. CGC stock currently trades at $19.07 as of 11:24 a.m. ET.
The company has just reported its first-quarter fiscal 2022 financial results today. Notably, it achieved a revenue growth of 23% for the quarter compared to a year ago at $108.7 million. Canopy cited strong double-digit growth in both cannabis and other consumer products businesses. It also maintained the No. 1 market share in the tracked Canadian recreational cannabis market amid a highly competitive landscape. Also, it had completed the acquisition of Ace Valley and Supreme Cannabis in this quarter, with commercial and operational integration progressing smoothly. Given the impressive quarter, will you consider buying CGC stock?
Read More
4 Artificial Intelligence Stocks To Watch Right Now
Best Lithium Battery Stocks To Buy Now? 4 To Know
Norwegian Cruise Line Holdings Ltd.
Next up, we have Norwegian Cruise Line Holdings, one of the largest cruise lines in the world by passengers. The company operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It has over 25 ships with nearly 60,000 berths. It also boasts the capacity to offer more than 490 destinations worldwide. Despite the setbacks from the pandemic, the company has nine additional ships that are scheduled for delivery through 2027. NCLH stock currently trades at $24.78 apiece as of 11:24 a.m. ET and is up by over 65% in the past year.
Like Canopy, the company also reported its quarterly financials today. The company noted that it has just reached a historic milestone in its ‘Great Cruise Comeback’ with the successful relaunch with the first ship in its fleet, Norwegian Jade, sailing the Greek Isles. The company also notes that tomorrow will mark its first cruise in the U.S. in over 500 days as Norwegian Encore sets sail from Seattle to Alaska. Given that it will recommence operations, it continues to put health and safety at the forefront with its robust, science-backed SailSAFE health and safety program. This includes a 100% vaccination policy that applies across all voyages in its three brands. With that in mind, do you think NCLH stock is a top leisure stock to buy?
Source: TD Ameritrade TOS
[Read More] Best Stocks To Invest In 2021? 4 E-Commerce Stocks To Know
DraftKings Inc.
DraftKings is a leisure company that focuses on daily fantasy sports contests and sports betting. Furthermore, it offers its users with products that range across daily fantasy, regulated gaming, and digital media. Also, it is one of the only U.S.-based vertically integrated sports betting operators. The company’s multi-channel platform for sports betting and gaming technologies can be found in over 50 operators in 17 countries. DKNG stock currently trades at $51.06 as of 11:25 a.m. ET.
The company reported another strong quarter today. Diving in, it posted a revenue of $298 million, increasing by 320% compared to a year ago. Monthly Unique Payers for its B2C segment also increased by 281% year-over-year. On average, 1.1 million monthly unique paying customers engaged with the company each month during the quarter. The company is also raising its fiscal year 2021 revenue guidance to a top-line of $1.29 billion, which equates to a 100% growth year-over-year. All things considered, will you buy DKNG stock?
Source: TD Ameritrade TOS
[Read More] Best Stocks To Buy Today? 4 Health Care Stocks To Watch
American Airlines Group Inc.
Following that, we will be taking a look at American Airlines (AAL). In brief, the Texas-based company is a major player in the airline industry today. For a sense of scale, it is among the largest airlines globally now by fleet size and passengers carried. Through all of this, AAL boasts the capacity to run 6,700 daily flights to over 300 destinations across 50 countries. As it stands, AAL stock currently trades at $20.93 as of 11:25 a.m. ET, after gaining by over 35% year-to-date. Would it have more room to grow this year?
To better understand this, we could take a closer look at the company’s latest financial update. Late last month the company reported solid figures in its second-quarter fiscal. In it, AAL posted total revenue of $7.48 billion for the quarter, marking a significant 361% year-over-year increase. At the same time, the company also saw its net income and earnings per share double over the same period.
Sure, these figures would be in comparison to when the company was grounded during the pandemic. However, all this could indicate that AAL is prepping for the eventual return of travel and raring to go. Would this make AAL stock a top pick for you in the stock market now?
Source: TD Ameritrade TOS
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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Best Leisure Stocks To Buy [Or Sell] In August 2021 Canopy Growth Corporation (NASDAQ: CGC) Norwegian Cruise Line Holdings (NYSE: NCLH) DraftKings Inc. (NASDAQ: DKNG) American Airlines Group Inc. (NASDAQ: AAL) Canopy Growth Corporation Canopy Growth Corporation is a cannabis company that is based in Ontario, Canada. Following that, we will be taking a look at American Airlines (AAL). Through all of this, AAL boasts the capacity to run 6,700 daily flights to over 300 destinations across 50 countries.
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Best Leisure Stocks To Buy [Or Sell] In August 2021 Canopy Growth Corporation (NASDAQ: CGC) Norwegian Cruise Line Holdings (NYSE: NCLH) DraftKings Inc. (NASDAQ: DKNG) American Airlines Group Inc. (NASDAQ: AAL) Canopy Growth Corporation Canopy Growth Corporation is a cannabis company that is based in Ontario, Canada. Following that, we will be taking a look at American Airlines (AAL). Through all of this, AAL boasts the capacity to run 6,700 daily flights to over 300 destinations across 50 countries.
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Best Leisure Stocks To Buy [Or Sell] In August 2021 Canopy Growth Corporation (NASDAQ: CGC) Norwegian Cruise Line Holdings (NYSE: NCLH) DraftKings Inc. (NASDAQ: DKNG) American Airlines Group Inc. (NASDAQ: AAL) Canopy Growth Corporation Canopy Growth Corporation is a cannabis company that is based in Ontario, Canada. Following that, we will be taking a look at American Airlines (AAL). Through all of this, AAL boasts the capacity to run 6,700 daily flights to over 300 destinations across 50 countries.
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Best Leisure Stocks To Buy [Or Sell] In August 2021 Canopy Growth Corporation (NASDAQ: CGC) Norwegian Cruise Line Holdings (NYSE: NCLH) DraftKings Inc. (NASDAQ: DKNG) American Airlines Group Inc. (NASDAQ: AAL) Canopy Growth Corporation Canopy Growth Corporation is a cannabis company that is based in Ontario, Canada. Following that, we will be taking a look at American Airlines (AAL). Through all of this, AAL boasts the capacity to run 6,700 daily flights to over 300 destinations across 50 countries.
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4267.0
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2021-08-06 00:00:00 UTC
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AAL Crosses Above Average Analyst Target
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https://www.nasdaq.com/articles/aal-crosses-above-average-analyst-target-2021-08-06
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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 $19.54, changing hands for $20.91/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 14 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 $7.00. And then on the other side of the spectrum one analyst has a target as high as $29.00. The standard deviation is $6.184.
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 $19.54/share, investors in AAL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $19.54 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: 3 2 1 1
Buy ratings: 0 0 0 0
Hold ratings: 7 6 6 6
Sell ratings: 2 2 2 2
Strong sell ratings: 2 4 3 4
Average rating: 2.98 3.41 3.48 3.59
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 »
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 $19.54, changing hands for $20.91/share. And so with AAL crossing above that average target price of $19.54/share, investors in AAL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $19.54 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.
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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 $19.54, changing hands for $20.91/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 $19.54/share, investors in AAL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $19.54 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 $19.54/share, investors in AAL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $19.54 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 $19.54, changing hands for $20.91/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.
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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 $19.54, changing hands for $20.91/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 $19.54/share, investors in AAL have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $19.54 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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4268.0
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2021-08-05 00:00:00 UTC
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American Airlines Is On Its Way to a Reliable Recovery
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AAL
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https://www.nasdaq.com/articles/american-airlines-is-on-its-way-to-a-reliable-recovery-2021-08-05
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
American Airlines (NASDAQ:AAL) still has a long way to go to recover from the downturn brought on by the novel coronavirus pandemic.
Source: GagliardiPhotography / Shutterstock.com
But a solid second quarter and signs that business travel is beginning to return bodes well for AAL stock. And with the stock price remaining near $20 per share, there appears to be an opportunity for investors to grab hold just as American’s recovery takes full flight.
There’s one caveat, however.
The Delta Variant
Maybe it sounds like a broken record, but we really can’t consider any stock without weighing the effects of Covid-19. And airline stocks suffered more than most last year when the economy essentially locked down and people worked from home.
7 Coronavirus Stocks to Buy as the Delta Variant Rises
True, 70% of U.S. adults have received at least one shot of a Covid-19 vaccine. But there are legitimate fears that the Delta variant sweeping across the country could further delay the recovery. President Joe Biden said Aug. 3 that 80% of all Covid-19 cases in the U.S. are from the Delta variant.
The Delta variant is being called a “pandemic of the unvaccinated.” People who have not received a Covid-19 vaccine are more likely to become seriously ill. Those who have been vaccinated can transmit the pandemic, but they are much less likely to become ill.
What does this mean for AAL stock?
Well, one of the reasons why people are bullish on American Airlines is that the company is starting to turn a profit again. Business travel is just starting to resume. If people start returning to their offices and business airline travel begins to recover, AAL stock will be a solid winner in the second half of 2021.
AAL President Robert Isom told analysts in July that domestic business travel in March was only at 19% of 2019 levels. But by June, American Airlines saw business travel increase to 45% of 2019 levels. The company is expecting business travel to be completely recovered by 2022, he said.
“Looking forward, we expect business recovery to continue and accelerate,” he said, “In the coming months, our share of bookings in key business channels remains ahead of 2019. And customers are telling us that they’re eager to travel and some of our largest corporate accounts have already lifted all travel restrictions and many have already returned to the office.”
If businesses continue to be comfortable in returning to the office, AAL stock will be a direct beneficiary. But it all depends on what information comes from the Centers for Disease Control and Prevention, and local health experts.
Second-Quarter Earnings
American reported earnings for the second quarter on July 22. For the first time since the pandemic began, the company reported a quarterly profit. It earned $19 million, or 3 cents per share, compared to a loss of $4.82 per share a year ago.
Excluding certain items, the company posted an adjusted loss of $1.69 per share, which was better than the $2.09 per share that analysts were expecting.
Revenue was $7.48 billion, which was an increase of 361% from a year ago, and beat analysts’ expectations of $7.32 billion.
Chairman and CEO Doug Parker told analysts that the company had $21 billion in total available liquidity in the second quarter, which was the most in the company’s history. He announced that in July, the company prepaid a $950 million loan that was scheduled to mature in 2023, and will repay other loans early, citing the company’s second-quarter results and its expected recovery for the rest of the year.
In fact, the company plans to reduce its debt by $15 billion by 2025:
“We’ve flown more customers than any other airline in the second quarter. Our team safely transported more than 44 million passengers on nearly 470,000 flights. It’s more than five times the number of passengers we carried in the second quarter of 2020 and more than two-and-a-half times the number of flights. We’ve ramped up the operation dramatically in response to customer demand, and our operational performance continues to improve as we grow in scale.”
The Bottom Line on AAL Stock
No doubt, American Airlines has been beaten down during the pandemic. But now some analysts are starting to show it some respect. It was upgraded from neutral to buy from analysts at Seaport Global. It went from a sell to a hold at Berenberg. And AAL stock went from a negative to a neutral by analysts at Susquehanna.
The recovery for American Airlines won’t happen overnight, but the rest of the year and 2022 should see a gradual recovery for American Airlines.
The biggest wild card is the Covid-19 Delta variant. But considering that 70% of Americans now have at least one shot, it appears that business will soon be returning to normal.
AAL stock has a ‘A’ grade and a strong buy rating in my Portfolio Grader.
On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.
The post American Airlines Is On Its Way to a Reliable Recovery 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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Source: GagliardiPhotography / Shutterstock.com But a solid second quarter and signs that business travel is beginning to return bodes well for AAL stock. If people start returning to their offices and business airline travel begins to recover, AAL stock will be a solid winner in the second half of 2021. InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) still has a long way to go to recover from the downturn brought on by the novel coronavirus pandemic.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) still has a long way to go to recover from the downturn brought on by the novel coronavirus pandemic. If people start returning to their offices and business airline travel begins to recover, AAL stock will be a solid winner in the second half of 2021. Source: GagliardiPhotography / Shutterstock.com But a solid second quarter and signs that business travel is beginning to return bodes well for AAL stock.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) still has a long way to go to recover from the downturn brought on by the novel coronavirus pandemic. If people start returning to their offices and business airline travel begins to recover, AAL stock will be a solid winner in the second half of 2021. Source: GagliardiPhotography / Shutterstock.com But a solid second quarter and signs that business travel is beginning to return bodes well for AAL stock.
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If people start returning to their offices and business airline travel begins to recover, AAL stock will be a solid winner in the second half of 2021. InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) still has a long way to go to recover from the downturn brought on by the novel coronavirus pandemic. Source: GagliardiPhotography / Shutterstock.com But a solid second quarter and signs that business travel is beginning to return bodes well for AAL stock.
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4269.0
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2021-08-05 00:00:00 UTC
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Diamond sales at De Beers' Botswana unit rebound as global market recovers
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AAL
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https://www.nasdaq.com/articles/diamond-sales-at-de-beers-botswana-unit-rebound-as-global-market-recovers-2021-08-05
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nan
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nan
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GABORONE, Aug 5 (Reuters) - De Beers' Botswana unit saw sales of rough diamonds rebound by 41% in the first half of 2021, driven by the reopening of key markets the United States and China, data from the Bank of Botswana showed on Thursday.
Debswana Diamond Company, a joint venture between the Botswana government and Anglo American's AAL.L De Beers, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Company.
Debswana's sales fell by 30% in 2020 as the coronavirus pandemic hit demand while global travel restrictions impacted trading.
In a bid to curb the spread of the virus, Botswana closed its borders for eight months last year, locking out international buyers from centres such as Mumbai, Antwerp and China who traditionally travel to the capital Gaborone 10 times a year to view and buy diamonds from De Beers.
According to data published by the central bank, exports of diamonds from Debswana stood at $1.702 billion in the first half of the year compared to $1.209 billion in the same period last year.
Paul Rowley, De Beers' executive vice president, diamond trading, told a media briefing last week that the recovery was strong in the first half of 2021 with global consumer demand benefiting from vaccine roll-outs and fiscal stimulus in the United States.
"The long-term outlook for diamond jewellery demand remains positive, while the lack of new diamond projects means supply is likely to be flat or declining for the foreseeable future," he said at last week's briefing.
Botswana gets about 30% of its revenues and 70% of its foreign exchange earnings from diamonds and the Southern African country sees its economy growing 8.8% in 2021 after having contracted by 7.9% in 2020.
(Reporting by Brian Benza; Editing by Susan Fenton)
((nqobile.dludla@thomsonreuters.com; +27103461066;))
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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Debswana Diamond Company, a joint venture between the Botswana government and Anglo American's AAL.L De Beers, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Company. Debswana's sales fell by 30% in 2020 as the coronavirus pandemic hit demand while global travel restrictions impacted trading. Paul Rowley, De Beers' executive vice president, diamond trading, told a media briefing last week that the recovery was strong in the first half of 2021 with global consumer demand benefiting from vaccine roll-outs and fiscal stimulus in the United States.
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Debswana Diamond Company, a joint venture between the Botswana government and Anglo American's AAL.L De Beers, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Company. GABORONE, Aug 5 (Reuters) - De Beers' Botswana unit saw sales of rough diamonds rebound by 41% in the first half of 2021, driven by the reopening of key markets the United States and China, data from the Bank of Botswana showed on Thursday. In a bid to curb the spread of the virus, Botswana closed its borders for eight months last year, locking out international buyers from centres such as Mumbai, Antwerp and China who traditionally travel to the capital Gaborone 10 times a year to view and buy diamonds from De Beers.
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Debswana Diamond Company, a joint venture between the Botswana government and Anglo American's AAL.L De Beers, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Company. GABORONE, Aug 5 (Reuters) - De Beers' Botswana unit saw sales of rough diamonds rebound by 41% in the first half of 2021, driven by the reopening of key markets the United States and China, data from the Bank of Botswana showed on Thursday. In a bid to curb the spread of the virus, Botswana closed its borders for eight months last year, locking out international buyers from centres such as Mumbai, Antwerp and China who traditionally travel to the capital Gaborone 10 times a year to view and buy diamonds from De Beers.
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Debswana Diamond Company, a joint venture between the Botswana government and Anglo American's AAL.L De Beers, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Company. In a bid to curb the spread of the virus, Botswana closed its borders for eight months last year, locking out international buyers from centres such as Mumbai, Antwerp and China who traditionally travel to the capital Gaborone 10 times a year to view and buy diamonds from De Beers. Paul Rowley, De Beers' executive vice president, diamond trading, told a media briefing last week that the recovery was strong in the first half of 2021 with global consumer demand benefiting from vaccine roll-outs and fiscal stimulus in the United States.
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4270.0
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2021-08-03 00:00:00 UTC
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Chile's Codelco ups production 14.9% in June, Escondida marks 11th month of drops
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AAL
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https://www.nasdaq.com/articles/chiles-codelco-ups-production-14.9-in-june-escondida-marks-11th-month-of-drops-2021-08-03
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nan
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By Fabian Cambero
SANTIAGO, Aug 3 (Reuters) - Chile's Codelco, the world's largest copper miner, increased its production by 14.9% year-on-year to 151,600 tonnes in June, and by 6.8% so far this year, the Chilean state copper commission Cochilco said on Tuesday.
BHP's Escondida BHP.AX, the world's largest copper mine, saw production fall 21.6% year-on-year to 82,900 tonnes in the same month, for an accumulated drop of 14.9% in the first half of this year.
Escondida has curtailed some operations since the outbreak of the coronavirus pandemic and imposition of restrictions, including reducing cathode production, resulting in 11 straight months of declining production.
Meanwhile at the Collahuasi copper mine - a joint venture by Glencore GLEN.N and Anglo American AAL.L - production fell 6.7% year-on-year to 53,900 tonnes in June, giving an accumulated increase of 2.7% in the first six months of the year.
The country’s total production was up 2.3% year-on-year in June to 477,300 tonnes, Cochilco said.
(Reporting by Fabian Cambero Writing by Aislinn Laing Editing by Jonathan Oatis and David Holmes)
((Aislinn.Laing@thomsonreuters.com; +56 223704250;))
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 at the Collahuasi copper mine - a joint venture by Glencore GLEN.N and Anglo American AAL.L - production fell 6.7% year-on-year to 53,900 tonnes in June, giving an accumulated increase of 2.7% in the first six months of the year. By Fabian Cambero SANTIAGO, Aug 3 (Reuters) - Chile's Codelco, the world's largest copper miner, increased its production by 14.9% year-on-year to 151,600 tonnes in June, and by 6.8% so far this year, the Chilean state copper commission Cochilco said on Tuesday. BHP's Escondida BHP.AX, the world's largest copper mine, saw production fall 21.6% year-on-year to 82,900 tonnes in the same month, for an accumulated drop of 14.9% in the first half of this year.
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Meanwhile at the Collahuasi copper mine - a joint venture by Glencore GLEN.N and Anglo American AAL.L - production fell 6.7% year-on-year to 53,900 tonnes in June, giving an accumulated increase of 2.7% in the first six months of the year. By Fabian Cambero SANTIAGO, Aug 3 (Reuters) - Chile's Codelco, the world's largest copper miner, increased its production by 14.9% year-on-year to 151,600 tonnes in June, and by 6.8% so far this year, the Chilean state copper commission Cochilco said on Tuesday. BHP's Escondida BHP.AX, the world's largest copper mine, saw production fall 21.6% year-on-year to 82,900 tonnes in the same month, for an accumulated drop of 14.9% in the first half of this year.
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Meanwhile at the Collahuasi copper mine - a joint venture by Glencore GLEN.N and Anglo American AAL.L - production fell 6.7% year-on-year to 53,900 tonnes in June, giving an accumulated increase of 2.7% in the first six months of the year. By Fabian Cambero SANTIAGO, Aug 3 (Reuters) - Chile's Codelco, the world's largest copper miner, increased its production by 14.9% year-on-year to 151,600 tonnes in June, and by 6.8% so far this year, the Chilean state copper commission Cochilco said on Tuesday. BHP's Escondida BHP.AX, the world's largest copper mine, saw production fall 21.6% year-on-year to 82,900 tonnes in the same month, for an accumulated drop of 14.9% in the first half of this year.
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Meanwhile at the Collahuasi copper mine - a joint venture by Glencore GLEN.N and Anglo American AAL.L - production fell 6.7% year-on-year to 53,900 tonnes in June, giving an accumulated increase of 2.7% in the first six months of the year. By Fabian Cambero SANTIAGO, Aug 3 (Reuters) - Chile's Codelco, the world's largest copper miner, increased its production by 14.9% year-on-year to 151,600 tonnes in June, and by 6.8% so far this year, the Chilean state copper commission Cochilco said on Tuesday. BHP's Escondida BHP.AX, the world's largest copper mine, saw production fall 21.6% year-on-year to 82,900 tonnes in the same month, for an accumulated drop of 14.9% in the first half of this year.
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4271.0
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2021-08-03 00:00:00 UTC
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Notable Tuesday Option Activity: IBM, AAL, UA
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AAL
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https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-ibm-aal-ua-2021-08-03
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in International Business Machines Corp (Symbol: IBM), where a total of 24,266 contracts have traded so far, representing approximately 2.4 million underlying shares. That amounts to about 51.6% of IBM's average daily trading volume over the past month of 4.7 million shares. Particularly high volume was seen for the $145 strike call option expiring August 06, 2021, with 1,695 contracts trading so far today, representing approximately 169,500 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $145 strike highlighted in orange:
American Airlines Group Inc (Symbol: AAL) options are showing a volume of 164,477 contracts thus far today. That number of contracts represents approximately 16.4 million underlying shares, working out to a sizeable 49% of AAL's average daily trading volume over the past month, of 33.6 million shares. Particularly high volume was seen for the $20 strike call option expiring August 06, 2021, with 22,619 contracts trading so far today, representing approximately 2.3 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $20 strike highlighted in orange:
And Under Armour Inc (Symbol: UA) saw options trading volume of 15,946 contracts, representing approximately 1.6 million underlying shares or approximately 48.7% of UA's average daily trading volume over the past month, of 3.3 million shares. Particularly high volume was seen for the $19 strike call option expiring August 06, 2021, with 3,637 contracts trading so far today, representing approximately 363,700 underlying shares of UA. Below is a chart showing UA's trailing twelve month trading history, with the $19 strike highlighted in orange:
For the various different available expirations for IBM options, AAL options, or UA options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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 $20 strike call option expiring August 06, 2021, with 22,619 contracts trading so far today, representing approximately 2.3 million underlying shares of AAL. Below is a chart showing IBM's trailing twelve month trading history, with the $145 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 164,477 contracts thus far today. That number of contracts represents approximately 16.4 million underlying shares, working out to a sizeable 49% of AAL's average daily trading volume over the past month, of 33.6 million shares.
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Particularly high volume was seen for the $20 strike call option expiring August 06, 2021, with 22,619 contracts trading so far today, representing approximately 2.3 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $20 strike highlighted in orange: And Under Armour Inc (Symbol: UA) saw options trading volume of 15,946 contracts, representing approximately 1.6 million underlying shares or approximately 48.7% of UA's average daily trading volume over the past month, of 3.3 million shares. Below is a chart showing IBM's trailing twelve month trading history, with the $145 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 164,477 contracts thus far today.
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Particularly high volume was seen for the $20 strike call option expiring August 06, 2021, with 22,619 contracts trading so far today, representing approximately 2.3 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $20 strike highlighted in orange: And Under Armour Inc (Symbol: UA) saw options trading volume of 15,946 contracts, representing approximately 1.6 million underlying shares or approximately 48.7% of UA's average daily trading volume over the past month, of 3.3 million shares. Below is a chart showing IBM's trailing twelve month trading history, with the $145 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 164,477 contracts thus far today.
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Particularly high volume was seen for the $20 strike call option expiring August 06, 2021, with 22,619 contracts trading so far today, representing approximately 2.3 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $20 strike highlighted in orange: And Under Armour Inc (Symbol: UA) saw options trading volume of 15,946 contracts, representing approximately 1.6 million underlying shares or approximately 48.7% of UA's average daily trading volume over the past month, of 3.3 million shares. Below is a chart showing UA's trailing twelve month trading history, with the $19 strike highlighted in orange: For the various different available expirations for IBM options, AAL options, or UA options, visit StockOptionsChannel.com.
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4272.0
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2021-08-03 00:00:00 UTC
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Chile's Codelco ups production 14.9% y/y in June, Escondida and Collahuasi down
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AAL
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https://www.nasdaq.com/articles/chiles-codelco-ups-production-14.9-y-y-in-june-escondida-and-collahuasi-down-2021-08-03
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nan
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nan
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By Fabian Cambero
SANTIAGO, Aug 3 (Reuters) - Chile's Codelco, the world's largest copper miner, increased its production by 14.9% year-on-year to 151,600 tonnes in June, the Chilean state copper commission Cochilco said on Tuesday.
BHP's Escondida BHP.AX, the world's largest copper mine, saw production fall 21.6% year-on-year to 82,900 tonnes in the same month, while at Collahuasi copper mine - a joint venture by Glencore GLEN.N and Anglo American AAL.L - production fell 6.7% year-on-year to 53,900 tonnes in June.
(Reporting by Fabian Cambero; writing by Aislinn Laing; editing by Jonathan Oatis)
((Aislinn.Laing@thomsonreuters.com; +56 223704250;))
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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BHP's Escondida BHP.AX, the world's largest copper mine, saw production fall 21.6% year-on-year to 82,900 tonnes in the same month, while at Collahuasi copper mine - a joint venture by Glencore GLEN.N and Anglo American AAL.L - production fell 6.7% year-on-year to 53,900 tonnes in June. By Fabian Cambero SANTIAGO, Aug 3 (Reuters) - Chile's Codelco, the world's largest copper miner, increased its production by 14.9% year-on-year to 151,600 tonnes in June, the Chilean state copper commission Cochilco said on Tuesday. (Reporting by Fabian Cambero; writing by Aislinn Laing; editing by Jonathan Oatis) ((Aislinn.Laing@thomsonreuters.com; +56 223704250;)) 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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BHP's Escondida BHP.AX, the world's largest copper mine, saw production fall 21.6% year-on-year to 82,900 tonnes in the same month, while at Collahuasi copper mine - a joint venture by Glencore GLEN.N and Anglo American AAL.L - production fell 6.7% year-on-year to 53,900 tonnes in June. By Fabian Cambero SANTIAGO, Aug 3 (Reuters) - Chile's Codelco, the world's largest copper miner, increased its production by 14.9% year-on-year to 151,600 tonnes in June, the Chilean state copper commission Cochilco said on Tuesday. (Reporting by Fabian Cambero; writing by Aislinn Laing; editing by Jonathan Oatis) ((Aislinn.Laing@thomsonreuters.com; +56 223704250;)) 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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BHP's Escondida BHP.AX, the world's largest copper mine, saw production fall 21.6% year-on-year to 82,900 tonnes in the same month, while at Collahuasi copper mine - a joint venture by Glencore GLEN.N and Anglo American AAL.L - production fell 6.7% year-on-year to 53,900 tonnes in June. By Fabian Cambero SANTIAGO, Aug 3 (Reuters) - Chile's Codelco, the world's largest copper miner, increased its production by 14.9% year-on-year to 151,600 tonnes in June, the Chilean state copper commission Cochilco said on Tuesday. (Reporting by Fabian Cambero; writing by Aislinn Laing; editing by Jonathan Oatis) ((Aislinn.Laing@thomsonreuters.com; +56 223704250;)) 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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BHP's Escondida BHP.AX, the world's largest copper mine, saw production fall 21.6% year-on-year to 82,900 tonnes in the same month, while at Collahuasi copper mine - a joint venture by Glencore GLEN.N and Anglo American AAL.L - production fell 6.7% year-on-year to 53,900 tonnes in June. By Fabian Cambero SANTIAGO, Aug 3 (Reuters) - Chile's Codelco, the world's largest copper miner, increased its production by 14.9% year-on-year to 151,600 tonnes in June, the Chilean state copper commission Cochilco said on Tuesday. (Reporting by Fabian Cambero; writing by Aislinn Laing; editing by Jonathan Oatis) ((Aislinn.Laing@thomsonreuters.com; +56 223704250;)) 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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4273.0
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2021-08-03 00:00:00 UTC
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American Airlines Remains a Market Laggard With Scale Issues
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AAL
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https://www.nasdaq.com/articles/american-airlines-remains-a-market-laggard-with-scale-issues-2021-08-03
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Optimism currently surrounding American Airlines (NASDAQ:AAL) stock following its Q2 earnings release seems exaggerated.
Source: GagliardiPhotography / Shutterstock.com
A recent Barron’s article even went so far as to call American Airlines “the year’s best airline stock.” The article didn’t explain the arguably hyperbolic claim, but I can assume that it was based on year-to-date price appreciation among the big four U.S. airlines.
AAL shares have appreciated in price by roughly 27% year-to-date. Delta (NYSE:DAL) is down about 2%, United Airlines (NYSE:UAL) stock has risen by 6.5%, and Southwest (NYSE:LUV), roughly 7%.
So, yes by that standard it is the best airline stock yet in 2021. But that hardly means much and isn’t a convincing reason to get into a position in AAL currently.
Hit Hard Due to Size
American Airlines was the worst hit during the pandemic. It went into the pandemic as the largest airline as measured by fleet size, and remains so. The high operating costs of maintaining the world’s largest idle fleet was one of several reasons American was considered at high risk of bankruptcy early in the pandemic. That threat didn’t materialize, but American Airlines isn’t attractive either.
6 A-Rated, Safe Stocks to Buy With Dividends
American Airlines remains middle of the pack at best. Throughout the pandemic you would have been hard-pressed to find headlines which suggested American was a better investment than Southwest or Delta. That remains true today.
Profits
American Airlines’ July 22 earnings report was filled with positive news. Well, the details and presentation were ostensibly meant to portray the company’s direction as positive anyway.
American Airlines did post a second quarter profit of $19 million. That’s a very modest number for an organization of its size, but a positive number, nonetheless.
Yet, at the same time investors can’t simply rely on such profit figures without the benefit of context. Southwest managed to post a profit of $348 million in the same period. Analysts were sure that it would rebound quicker than American Airlines as it is operationally much more sound. By that metric, it has.
Further, $19 million is merely a drop in the bucket to AAL stock s at its scale. At the height of the pandemic in April of 2020 the company was burning through $100 million in cash every day. In the fourth quarter of 2020 that figure was still around $30 million per day.
Paying Down Debt
Thankfully, the company has fixed its cash burn issue to a degree. It reported that it has entered a cash build period of $1 million per day in the second quarter. That is all good and well and serves to entice investors. But I would caution that investors exercise a bit of restraint in regard to the company’s debt plans.
As it stated in the earnings report: “The Company now expects to reduce its debt by more than $15 billion by the end of 2025 versus its previous guidance of $8 billion to $10 billion.” This is little more than a rough estimate based on optimism from opening air travel.
American did pay down a $950 million loan due in April of 2023 but remains highly levered.
Too Early for AAL Stock
Although travel has opened up it remains too early to understand the ramifications of the pandemic on the airline industry. The Delta variant of Covid-19 makes the reopening more difficult to judge. It could deal a blow to airlines. But even without attempting to factor it in, there is another sign American has trouble.
The yield of AAL stock is down. Yield is a calculation of the average fare per passenger per mile. It’s 10.1% lower throughout the first half of 2021 than in 2020. Yes, there are multiple potential explanations, but the thrust is still negative.
Overall, AAL stock remains one of the weaker airlines despite the rosy prognostications of management.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post American Airlines Remains a Market Laggard With Scale Issues 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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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Optimism currently surrounding American Airlines (NASDAQ:AAL) stock following its Q2 earnings release seems exaggerated. AAL shares have appreciated in price by roughly 27% year-to-date. But that hardly means much and isn’t a convincing reason to get into a position in AAL currently.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Optimism currently surrounding American Airlines (NASDAQ:AAL) stock following its Q2 earnings release seems exaggerated. AAL shares have appreciated in price by roughly 27% year-to-date. But that hardly means much and isn’t a convincing reason to get into a position in AAL currently.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Optimism currently surrounding American Airlines (NASDAQ:AAL) stock following its Q2 earnings release seems exaggerated. Too Early for AAL Stock Although travel has opened up it remains too early to understand the ramifications of the pandemic on the airline industry. AAL shares have appreciated in price by roughly 27% year-to-date.
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The yield of AAL stock is down. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Optimism currently surrounding American Airlines (NASDAQ:AAL) stock following its Q2 earnings release seems exaggerated. AAL shares have appreciated in price by roughly 27% year-to-date.
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4274.0
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2021-08-02 00:00:00 UTC
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Travelzoo’s Pristine Balance Sheet Creates a Safe Buying Opportunity
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AAL
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https://www.nasdaq.com/articles/travelzoos-pristine-balance-sheet-creates-a-safe-buying-opportunity-2021-08-02
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Travelzoo (NASDAQ:TZOO) is an internet company that posts deals from businesses in the travel, entertainment and restaurant industries. It differs from other travel sites by exclusively covering deals and specials instead of direct reservations. With the company’s strong financials and many people resuming travel, TZOO stock is a worthwhile buy at its current price near $14.
Source: II.studio / Shutterstock.com
The company operates in three segments:
Travelzoo North America, which consists of operations in Canada and the U.S.
Travelzoo Europe, which includes operations in France, Germany, Spain and the U.K.
Jack’s Flight Club, a subscription service for premium members to access and receive flight deals.
Travelzoo derives its revenue from advertising fees, including listing fees paid by travel, entertainment and local businesses. Most of the company’s revenue comes from from North America.
Thousands of companies use Travelzoo to promote their deals. These include travel luminaries such as Hilton Worldwide’s (NYSE:HLT) Hilton Hotels, Carnival’s (NYSE:CCL) Princess Cruises and United Airlines (NASDAQ:UAL).
6 A-Rated, Safe Stocks to Buy With Dividends
Travelzoo is an ancient public company by today’s standards. They entered the market in an initial public offering (IPO) in December 2003. Since then, TZOO stock has been through boom-and-bust stock cycles where its price exceeded $90 only to come crashing down to reality. Over the last five years, the stock has traded between $3 and $20 — although that low price was largely driven by the Covid-19 pandemic.
TZOO Stock’s Financials Are Impressive
Travelzoo operates an asset-light business model. It has very few capital expenditure needs and hard assets on the balance sheet. Profitability is relatively easy for the company as long as the economy stays strong and people continue to travel (and search for bargains.)
As a travel-related company, Travelzoo had a tough 2020. Revenue declined 49% when global travel grinded to a halt for many months. The company reported a rare operating loss of more than $11 million last year.
Travelzoo revenue should rebound this year. However, a slower global travel recovery — particularly in Europe — will prevent the company from returning to 2019 levels in 2021. Full recovery may occur next year, but it’s unlikely travel behaviors will return to normal prior to 2023. Many people around the world are still feeling the effects of the Covid-19 pandemic and new variants of the virus.
Unlike American Airlines (NASDAQ:AAL), which has a highly levered balance sheet, Travelzoo has a pristine balance sheet. Cash on hand as of June 30 was $82.1 million. The company is expected to be profitable in 2021 and generate free cash flow as well.
Travelzoo’s Second Quarter Shows Road to Recovery
Revenue nearly tripled year-over-year from $7 million in the second quarter of 2020 to $19.1 million in Q2 2021. The increase was primarily driven by revenue from North America and strong voucher sales. EBITDA improved to $4 million and diluted earnings per share (EPS) was also positive at 22 cents.
A full recovery in revenue may take time; U.S results were still about 20% below Q2 2019 levels. Its recovery potential also may be negatively influenced by a slower return to normal conditions in Europe.
On the positive side, Travelzoo enacted many cost-containment measures which are driving a faster return to normalized margins.
Travelzoo trades at a high price-to-earnings (P/E) ratio because they may only earn an EPS of 15 to 20 cents this year. However, full recovery margins and cost-saving measures will produce EPS well above $1 per share at some point. From that perspective, TZOO stock is a bargain at today’s price.
Based on continuing EBITDA growth in the double-digit range for the next five years, my Discounted Cash Flow model produces values above $30 for Travelzoo shares. TZOO stock may pull back in an overall market retreat, but there is some support; the company will likely buy back its own stock if it gets too cheap.
On the date of publication, Tom Kerr did not hold a position in any security mentioned in the article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Tom Kerr has worked in the financial services industry for over 25 years. Currently he is a Senior Portfolio Manager at Rocky Peak Capital Management. Prior to that he was Chief Investment Officer and Director of Research of SGL Investment Advisors, and has served in a number of positions at other finance-related organizations. Mr. Kerr has also been a contributing writer to TheStreet.com, RagingBull.com and InvestorPlace.com. He’s a CFA charterholder and obtained a B.B.A in Finance from Texas Tech University.
The post Travelzoo’s Pristine Balance Sheet Creates a Safe Buying Opportunity 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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Unlike American Airlines (NASDAQ:AAL), which has a highly levered balance sheet, Travelzoo has a pristine balance sheet. With the company’s strong financials and many people resuming travel, TZOO stock is a worthwhile buy at its current price near $14. Profitability is relatively easy for the company as long as the economy stays strong and people continue to travel (and search for bargains.)
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Unlike American Airlines (NASDAQ:AAL), which has a highly levered balance sheet, Travelzoo has a pristine balance sheet. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Travelzoo (NASDAQ:TZOO) is an internet company that posts deals from businesses in the travel, entertainment and restaurant industries. The post Travelzoo’s Pristine Balance Sheet Creates a Safe Buying Opportunity appeared first on InvestorPlace.
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Unlike American Airlines (NASDAQ:AAL), which has a highly levered balance sheet, Travelzoo has a pristine balance sheet. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Travelzoo (NASDAQ:TZOO) is an internet company that posts deals from businesses in the travel, entertainment and restaurant industries. With the company’s strong financials and many people resuming travel, TZOO stock is a worthwhile buy at its current price near $14.
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Unlike American Airlines (NASDAQ:AAL), which has a highly levered balance sheet, Travelzoo has a pristine balance sheet. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Travelzoo (NASDAQ:TZOO) is an internet company that posts deals from businesses in the travel, entertainment and restaurant industries. Thousands of companies use Travelzoo to promote their deals.
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4275.0
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2021-07-30 00:00:00 UTC
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Glencore ups expectations for FY trading, lowers nickel, coal
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AAL
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https://www.nasdaq.com/articles/glencore-ups-expectations-for-fy-trading-lowers-nickel-coal-2021-07-30
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nan
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nan
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Updates with output guidance
LONDON, July 30 (Reuters) - Glencore GLEN.L on Friday raised expectations for its trading division following improved market conditions and a surge in commodity prices, but lowered full-year guidance for nickel and coal, citing output disruptions.
The figures are a foretaste of first-half financial results set for Aug. 5. Peers Anglo American AAL.L and Rio Tinto RIO.L have dished out higher shareholder payouts in 2021 after the commodity rally.
London-listed Glencore said it expects its full-year earnings before interest and taxes (EBIT) for its marketing - or trading - division to be at the top end of its annual range between $2.2 billion and $3.2 billion.
For output, it left its full-year guidance for copper and cobalt output broadly unchanged, but lowered its expectations for zinc, nickel and coal.
Coal production fell 16% to 48.7 million tonnes in the first half, partly because of market-related cuts in Australia that started in the second half of 2020, and reduced exports from South Africa.
Lead output fell by 9% to 117,000 tonnes and nickel was down 14% to 47,700 tonnes over the period. In the first half, zinc production rose by 6% to 581,800 tonnes, as COVID-related suspensions started to be lifted, but Glencore said the second half could be slower than previously thought.
Copper production rose by a modest 2% to 598,000 tonnes and battery material cobalt by 3% to 14,800 tonnes in the first half.
Oil output of 2.56 million barrels of oil equivalent (boe) was down 2% from the same year-ago period, as care and maintenance at its Chad oilfields was offset by output at its Equatorial Guinea project.
(Reporting by Clara Denina; Editing by Kirsten Donovan and Barbara Lewis)
((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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Peers Anglo American AAL.L and Rio Tinto RIO.L have dished out higher shareholder payouts in 2021 after the commodity rally. Updates with output guidance LONDON, July 30 (Reuters) - Glencore GLEN.L on Friday raised expectations for its trading division following improved market conditions and a surge in commodity prices, but lowered full-year guidance for nickel and coal, citing output disruptions. Oil output of 2.56 million barrels of oil equivalent (boe) was down 2% from the same year-ago period, as care and maintenance at its Chad oilfields was offset by output at its Equatorial Guinea project.
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Peers Anglo American AAL.L and Rio Tinto RIO.L have dished out higher shareholder payouts in 2021 after the commodity rally. Updates with output guidance LONDON, July 30 (Reuters) - Glencore GLEN.L on Friday raised expectations for its trading division following improved market conditions and a surge in commodity prices, but lowered full-year guidance for nickel and coal, citing output disruptions. For output, it left its full-year guidance for copper and cobalt output broadly unchanged, but lowered its expectations for zinc, nickel and coal.
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Peers Anglo American AAL.L and Rio Tinto RIO.L have dished out higher shareholder payouts in 2021 after the commodity rally. Updates with output guidance LONDON, July 30 (Reuters) - Glencore GLEN.L on Friday raised expectations for its trading division following improved market conditions and a surge in commodity prices, but lowered full-year guidance for nickel and coal, citing output disruptions. For output, it left its full-year guidance for copper and cobalt output broadly unchanged, but lowered its expectations for zinc, nickel and coal.
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Peers Anglo American AAL.L and Rio Tinto RIO.L have dished out higher shareholder payouts in 2021 after the commodity rally. Updates with output guidance LONDON, July 30 (Reuters) - Glencore GLEN.L on Friday raised expectations for its trading division following improved market conditions and a surge in commodity prices, but lowered full-year guidance for nickel and coal, citing output disruptions. Lead output fell by 9% to 117,000 tonnes and nickel was down 14% to 47,700 tonnes over the period.
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4276.0
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2021-07-29 00:00:00 UTC
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AAL September 10th Options Begin Trading
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AAL
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https://www.nasdaq.com/articles/aal-september-10th-options-begin-trading-2021-07-29
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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 September 10th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new September 10th contracts and identified one put and one call contract of particular interest.
The put contract at the $20.50 strike price has a current bid of 88 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $20.50, but will also collect the premium, putting the cost basis of the shares at $19.62 (before broker commissions). To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $21.39/share today.
Because the $20.50 strike represents an approximate 4% 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 100%. 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 4.29% return on the cash commitment, or 36.44% 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 $20.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $21.50 strike price has a current bid of $1.24. If an investor was to purchase shares of AAL stock at the current price level of $21.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $21.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.31% if the stock gets called away at the September 10th 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 $21.50 strike highlighted in red:
Considering the fact that the $21.50 strike represents an approximate 1% 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 5.80% boost of extra return to the investor, or 49.21% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $21.39) to be 53%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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 $21.50 strike highlighted in red: Considering the fact that the $21.50 strike represents an approximate 1% 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 September 10th expiration.
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Below is a chart showing AAL's trailing twelve month trading history, with the $21.50 strike highlighted in red: Considering the fact that the $21.50 strike represents an approximate 1% 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 September 10th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new September 10th 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 $21.50 strike highlighted in red: Considering the fact that the $21.50 strike represents an approximate 1% 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 September 10th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new September 10th 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 $21.50 strike highlighted in red: Considering the fact that the $21.50 strike represents an approximate 1% 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 September 10th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new September 10th contracts and identified one put and one call contract of particular interest.
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4277.0
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2021-07-29 00:00:00 UTC
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Earnings cheer lifts European stocks to new highs
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AAL
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https://www.nasdaq.com/articles/earnings-cheer-lifts-european-stocks-to-new-highs-2021-07-29
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nan
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nan
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By Sruthi Shankar
July 29 (Reuters) - European stocks hit record highs on Thursday as strong earnings from commodity majors, Airbus and a clutch of other companies set an upbeat tone, with fading concerns about China's regulatory moves also helping sentiment.
The pan-European STOXX 600 index .STOXX rose 0.3% to a fresh all-time high of 463 points in morning trading.
Airbus AIR.PA jumped 3.4%, providing the biggest boost to the index, after the world's largest planemaker sharply raised its forecasts for full-year deliveries and earnings.
UK-listed Royal Dutch Shell RDSa.L gained 3.5% and France's TotalEnergies TTEF.PA added 2.3% after both companies announced share buybacks as a surge in oil and gas prices boosted their earnings.
Miners .SXPP, already the best sectoral performers in 2021, rose 1.9% after Anglo American AAL.L boosted its shareholder payout to a record $4.1 billion.
Strong quarterly earnings and optimism around European reopening put the STOXX 600 on course for its sixth straight month of gains despite lingering concerns about inflation and China's regulatory crackdown.
"Globally diversified stocks have recorded the strongest EPS beats, while consumer stocks with high emerging market exposure have recorded the weakest," said Milla Savova, investment strategist at BofA said in a note.
Savova, however, noted that mentions of inflation by STOXX 600 companies have risen by more than 400% over the past year, leaving them at an all-time high in absolute terms.
Investors drew comfort that central banks retained their supportive stance. U.S. Federal Reserve Chair Jerome Powell on Wednesday took a dovish turn by saying the U.S. job market still had "some ground to cover" before it was time to start withdrawing economic support.
Finnish telecom equipment maker Nokia NOKIA.HE climbed 7.1% after it raised its full-year outlook as it benefits from a sharp turnaround in its business.
Europe's largest carmaker Volkswagen VOWG_p.DE hit a record high earlier as it lifted its profit margin target for the second time in less than three months.
Close to 41% of the STOXX 600 companies have reported so far, and 67% of them have topped analysts' profit estimates, as per Refinitiv IBES data. Typically, 51% beat earnings forecast.
Overall, profit for STOXX 600 companies are expected to jump 120.8% in the second quarter.
Among decliners, Swiss bank Credit Suisse CSGN.S dropped 3.9% after reporting a near 80% fall in its second-quarter profit, hit by the fallout from the collapse of Archegos.
Food giant Nestle NESN.S and brewer Anheuser-Busch InBev ABI.BR fell after their results.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Subhranshu Sahu and Sriraj Kalluvila)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Miners .SXPP, already the best sectoral performers in 2021, rose 1.9% after Anglo American AAL.L boosted its shareholder payout to a record $4.1 billion. By Sruthi Shankar July 29 (Reuters) - European stocks hit record highs on Thursday as strong earnings from commodity majors, Airbus and a clutch of other companies set an upbeat tone, with fading concerns about China's regulatory moves also helping sentiment. UK-listed Royal Dutch Shell RDSa.L gained 3.5% and France's TotalEnergies TTEF.PA added 2.3% after both companies announced share buybacks as a surge in oil and gas prices boosted their earnings.
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Miners .SXPP, already the best sectoral performers in 2021, rose 1.9% after Anglo American AAL.L boosted its shareholder payout to a record $4.1 billion. By Sruthi Shankar July 29 (Reuters) - European stocks hit record highs on Thursday as strong earnings from commodity majors, Airbus and a clutch of other companies set an upbeat tone, with fading concerns about China's regulatory moves also helping sentiment. Airbus AIR.PA jumped 3.4%, providing the biggest boost to the index, after the world's largest planemaker sharply raised its forecasts for full-year deliveries and earnings.
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Miners .SXPP, already the best sectoral performers in 2021, rose 1.9% after Anglo American AAL.L boosted its shareholder payout to a record $4.1 billion. By Sruthi Shankar July 29 (Reuters) - European stocks hit record highs on Thursday as strong earnings from commodity majors, Airbus and a clutch of other companies set an upbeat tone, with fading concerns about China's regulatory moves also helping sentiment. Strong quarterly earnings and optimism around European reopening put the STOXX 600 on course for its sixth straight month of gains despite lingering concerns about inflation and China's regulatory crackdown.
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Miners .SXPP, already the best sectoral performers in 2021, rose 1.9% after Anglo American AAL.L boosted its shareholder payout to a record $4.1 billion. Airbus AIR.PA jumped 3.4%, providing the biggest boost to the index, after the world's largest planemaker sharply raised its forecasts for full-year deliveries and earnings. Savova, however, noted that mentions of inflation by STOXX 600 companies have risen by more than 400% over the past year, leaving them at an all-time high in absolute terms.
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4278.0
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2021-07-29 00:00:00 UTC
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Anglo American pays out record $4.1 billion to shareholders in H1
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AAL
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https://www.nasdaq.com/articles/anglo-american-pays-out-record-%244.1-billion-to-shareholders-in-h1-2021-07-29
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nan
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nan
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By Clara Denina and Zandi Shabalala
LONDON, July 29 (Reuters) - Global miner Anglo American AAL.L on Thursday boosted its shareholder payout to a record $4.1 billion, including a $1 billion share buyback, after bumper commodity prices lifted first-half profits to their best ever.
Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $12.1 billion, beating the $10.9 billion expected by 12 analysts compiled by Vuma.
The impact of inflation on costs reduced underlying EBITDA by $200 million, it said.
Anglo declared an interim dividend of 1.71 cents per share, in line with its 40% payout policy and up from 0.28 cents last year.
Lower costs and soaring prices for most products including copper, iron ore and platinum group metals helped Anglo, which had been hit hardest among its peers by COVID-19 lockdowns in many African countries, lifted first-half profits to a record.
"I still don't think it's our finest hour, that is yet to come.. from our point of view it's a good milestone"," CEO Mark Cutifani told reporters after the results.
(Reporting by Clara Denina and Zandi Shabalala; Editing by Edmund Blair and Emelia Sithole-Matarise)
((Clara.Denina@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Clara Denina and Zandi Shabalala LONDON, July 29 (Reuters) - Global miner Anglo American AAL.L on Thursday boosted its shareholder payout to a record $4.1 billion, including a $1 billion share buyback, after bumper commodity prices lifted first-half profits to their best ever. Lower costs and soaring prices for most products including copper, iron ore and platinum group metals helped Anglo, which had been hit hardest among its peers by COVID-19 lockdowns in many African countries, lifted first-half profits to a record. "I still don't think it's our finest hour, that is yet to come.. from our point of view it's a good milestone"," CEO Mark Cutifani told reporters after the results.
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By Clara Denina and Zandi Shabalala LONDON, July 29 (Reuters) - Global miner Anglo American AAL.L on Thursday boosted its shareholder payout to a record $4.1 billion, including a $1 billion share buyback, after bumper commodity prices lifted first-half profits to their best ever. Lower costs and soaring prices for most products including copper, iron ore and platinum group metals helped Anglo, which had been hit hardest among its peers by COVID-19 lockdowns in many African countries, lifted first-half profits to a record. (Reporting by Clara Denina and Zandi Shabalala; Editing by Edmund Blair and Emelia Sithole-Matarise) ((Clara.Denina@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Clara Denina and Zandi Shabalala LONDON, July 29 (Reuters) - Global miner Anglo American AAL.L on Thursday boosted its shareholder payout to a record $4.1 billion, including a $1 billion share buyback, after bumper commodity prices lifted first-half profits to their best ever. Lower costs and soaring prices for most products including copper, iron ore and platinum group metals helped Anglo, which had been hit hardest among its peers by COVID-19 lockdowns in many African countries, lifted first-half profits to a record. (Reporting by Clara Denina and Zandi Shabalala; Editing by Edmund Blair and Emelia Sithole-Matarise) ((Clara.Denina@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Clara Denina and Zandi Shabalala LONDON, July 29 (Reuters) - Global miner Anglo American AAL.L on Thursday boosted its shareholder payout to a record $4.1 billion, including a $1 billion share buyback, after bumper commodity prices lifted first-half profits to their best ever. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $12.1 billion, beating the $10.9 billion expected by 12 analysts compiled by Vuma. Anglo declared an interim dividend of 1.71 cents per share, in line with its 40% payout policy and up from 0.28 cents last year.
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4279.0
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2021-07-29 00:00:00 UTC
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Anglo American boosts shareholder payout to $4.1 billion for first half
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AAL
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https://www.nasdaq.com/articles/anglo-american-boosts-shareholder-payout-to-%244.1-billion-for-first-half-2021-07-29
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nan
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nan
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July 29 (Reuters) - Global miner Anglo American AAL.L on Thursday boosted its shareholder payout to $4.1 billion, including a $1 billion buyback, after bumper profits from the first six months of 2021.
Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $12.1 billion, beating the $10.9 billion expected by 12 analysts compiled by Vuma.
Anglo declared an interim dividend of 1.71 cents per share, in line with its 40% payout policy and up from 0.28 cents last year.
(Reporting by Clara Denina and Zandi Shabalala; Editing by Edmund Blair)
((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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July 29 (Reuters) - Global miner Anglo American AAL.L on Thursday boosted its shareholder payout to $4.1 billion, including a $1 billion buyback, after bumper profits from the first six months of 2021. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $12.1 billion, beating the $10.9 billion expected by 12 analysts compiled by Vuma. (Reporting by Clara Denina and Zandi Shabalala; Editing by Edmund Blair) ((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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July 29 (Reuters) - Global miner Anglo American AAL.L on Thursday boosted its shareholder payout to $4.1 billion, including a $1 billion buyback, after bumper profits from the first six months of 2021. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $12.1 billion, beating the $10.9 billion expected by 12 analysts compiled by Vuma. (Reporting by Clara Denina and Zandi Shabalala; Editing by Edmund Blair) ((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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July 29 (Reuters) - Global miner Anglo American AAL.L on Thursday boosted its shareholder payout to $4.1 billion, including a $1 billion buyback, after bumper profits from the first six months of 2021. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $12.1 billion, beating the $10.9 billion expected by 12 analysts compiled by Vuma. (Reporting by Clara Denina and Zandi Shabalala; Editing by Edmund Blair) ((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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July 29 (Reuters) - Global miner Anglo American AAL.L on Thursday boosted its shareholder payout to $4.1 billion, including a $1 billion buyback, after bumper profits from the first six months of 2021. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $12.1 billion, beating the $10.9 billion expected by 12 analysts compiled by Vuma. Anglo declared an interim dividend of 1.71 cents per share, in line with its 40% payout policy and up from 0.28 cents last year.
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2021-07-28 00:00:00 UTC
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7 of the Best Cheap Stocks to Buy for August
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AAL
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https://www.nasdaq.com/articles/7-of-the-best-cheap-stocks-to-buy-for-august-2021-07-28
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As we head into August, there remain a number of stocks that continue to be cheap when compared to their peers and the broader market. While the S&P 500 index continues to hit new record highs, the current rally has not been a broad-based one. Many stocks continue to lag the market and have even fallen during July. These present attractive buying opportunities for savvy investors who know how to spot a deal.
Many great companies continue to attract positive analyst ratings and high price targets even as their share price languishes. And a lot of beaten-down stocks only need a spark to ignite their share prices and send them soaring higher.
7 Cheap Value Stocks to Buy for August 2021
In this article, we look at seven cheap stocks to buy for August as we enter the dog days of summer:
General Electric (NYSE:GE)
Molson Coors (NYSE:TAP)
American Airlines (NASDAQ:AAL)
NortonLifeLock (NASDAQ:NLOK)
Sirius XM Holdings (NASDAQ:SIRI)
Hanesbrands (NYSE:HBI)
Ford (NYSE:F)
Cheap Stocks to Buy: General Electric (GE)
GE) logo on a building" width="300" height="169">
Source: Sundry Photography / Shutterstock.com
Lately, several Wall Street firms have been upgrading their ratings on Boston-based industrial giant General Electric. Investment bank Goldman Sachs recently named the stock one of its “top ideas,” and Citibank reiterated its “buy” rating on GE stock. The optimism comes from expectations that General Electric’s various business units, which includes aviation, renewable energy and healthcare, will perform strongly as the U.S. economy gathers momentum coming out of the global pandemic.
Options markets were abuzz earlier in July when one trader placed a $5 million bet on GE stock after United Airlines (NASDAQ:UAL) announced that it will purchase 200 jets from Boeing (NYSE:BA), which will bolster the aircraft engines that GE’s aviation division manufactures. The options trader has wagered millions that GE’s share price will be above $15 by January 2022, which would be about 15% higher than its current price. Clearly, Wall Street views GE’s shares as undervalued and cheap right now.
We’ll see if the company’s earnings can spark a rally in the stock.
Molson Coors (TAP)
TAP) logo on a web browser magnified by a magnifying glass" width="300" height="169">
Source: OleksandrShnuryk / Shutterstock.com
With restaurants, bars, stadiums and concert venues reopening this summer, alcohol sales can be expected to spike along with other types of beverages. We’ve already seen big earnings beats from soft drink makers Coca-Cola (NYSE:KO) and PepsiCo (NASDAQ:PEP) due to surging sales as the economy reopens. The same can reasonably be expected from Molson Coors, the Chicago-based company behind popular beers such as “Coors Light” and “Miller Genuine Draft,” to name only a couple of its many alcoholic beverages.
Indeed, Molson Coors is feeling bullish enough about the second half of this year that the company recently reinstated its quarterly dividend of 34 cents per share, which it had suspended during the pandemic. And the company also reaffirmed its financial outlook for this year, saying again that it expects to achieve a net sales revenue increase in the mid-single digit range compared to 2020. TAP stock remains affordable at $50 a share, and it looks to present a buying opportunity right now having declined 9% since the end of June.
7 Potential Stocks for Elon Musk's Buy List
Buy the dip!
Cheap Stocks to Buy: American Airlines (AAL)
Source: GagliardiPhotography / Shutterstock.com
Air travel is returning to pre-pandemic levels, and few airline stocks are more affordable or present as much upside potential right now as Fort Worth, Texas-based American Airlines. At about $21 per share, AAL stock looks like a bargain. While the stock has run 44% higher so far this year, it remains 30% below the level it was trading at before the pandemic.
Many analysts expect the company’s share price to regain the $30 it was at pre-pandemic. Goldman Sachs Chief U.S. Equity Strategist David Kostin recently said he expects a near-term rally in American Airlines stock.
The bull case for the stock was reinforced by the company’s just released second-quarter earnings. American Airlines announced quarterly net income of $19 million, ending five consecutive quarters of losses. Revenue for the three months ended June 30 totaled $7.48 billion, up from only $1.6 billion a year earlier. Earnings-per-share amounted to a loss of $1.69, which was much better than the loss of $2.41 per share forecast by analysts. The carrier said it will pay down $15 billion in debt by 2025 as it ramps up both its domestic and international flights schedules.
NortonLifeLock (NLOK)
NLOK) software" width="300" height="169">
Source: rafapress / Shutterstock.com
The shares of cybersecurity firm NortonLifeLock have fallen 5% in the past month, making them an attractive buy at just $25 a share. The stock is up 22% year-to-date and had been rallying into July following several high profile cyberattacks on the U.S. that put cybersecurity on the front burner with the media, politicians and corporate leaders. NortonLifeLock has also benefitted over the past year from the pandemic as demand for its cybersecurity software rose as people worked and went to school from home.
NortonLifeLok’s second-quarter earnings reinforced that the company is performing strongly this year. The company’s Q2 revenue came in at $626 million, up 3% from $608 million in the same period of 2020. A decline in operating expenses helped NortonLifeLok’s operating income more than double to $230 million from $109 million in the second quarter of 2020. Second quarter EPS was 28 cents, up an impressive 367% from 6 cents a year ago.
7 Cryptos to Sell Before You're Left Holding the Bag
Clearly the company is performing well as we emerge from the pandemic.
Cheap Stocks to Buy: Sirius XM Holdings (SIRI)
SIRI) mobile app logo on a smartphone screen." width="300" height="169">
Source: Shutterstock
Satellite radio provider Sirius XM Holdings’ stock continues to underperform and look undervalued at its current price of just $6.40 a share. Year-to-date, SIRI stock is up only 8%. Yet the company and its stock continues to have a number of notable fans, including famed investor Warren Buffett, whose Berkshire Hathaway holding company currently owns more than 40 million shares. It remains a bit of a mystery why the stock of Sirius XM, which holds a de facto monopoly position in the satellite radio space, continues to lag the market.
There is hope that SIRI stock will finally begin moving now that it has completed its acquisition of subscription-based streaming service Pandora and is adding new listeners. The company recently announced that it will begin issuing a quarterly cash dividend of 2 cents per share beginning on Aug. 30, and it continues to buyback its own stock. On July 19, Sirius XM announced an additional $2 billion of common stock repurchases. Since 2013, the company has spent $18 billion buying back its own stock. Prior to the pandemic, Sirius XM Holdings reported 11 consecutive years of positive returns.
Hanesbrands (HBI)
Source: Helen89 / Shutterstock.com
While it’s best known for making underwear and white t-shirts, Hanesbrands is a more diversified company today. The Winston-Salem, North Carolina-based clothing maker owns brands ranging from Champion to Wonderbra and employs more than 65,000 people around the world. HBI stock has had a good run so far in 2021, up 26% year-to-date, it still remains relatively cheap at just $18.26 a share.
7 Potential Stocks for Elon Musk's Buy List
And analysts seem to feel that HBI stock has more room to run. The median price target on the shares is $23, suggesting a further 25% increase from its current level. The high price on the stock is $27. Analysts feel confident that Hanesbrands will benefit as consumers emerge from Covid-19 hibernation and begin shopping in earnest, as well as updating their wardrobes as they return to the office. In addition to its affordable share price, Hanesbrands also pays a hefty dividend that yields 3.3%, making it a solid income stock to have in a portfolio.
Cheap Stocks to Buy: Ford (F)
Source: Jonathan Weiss / Shutterstock.com
It has rallied 61% this year, but shares of Detroit automaker Ford Motor Company have pulled back 7% in the past month, presenting an opportunity for investors to buy the dip in F stock. And at roughly $14 a share, Ford’s stock remains very affordable. Especially when compared to the share prices of rivals General Motors (NYSE:GM) and Tesla (NASDAQ:TSLA). Ford’s vehicle production, and its share price, have been hurt in recent weeks by the ongoing semiconductor shortage. The company has been forced to idle production at several plants due to the chip shortage.
However, analysts see the semiconductor issue as a short-term problem and remain bullish on Ford’s long-term prospects, especially as it accelerates its transition to electric vehicles. The company has invested $11.5 billion into the development of its Mustang Mach-E electric crossover SUV, F-150 Lightning electric pick-up truck and E-Transit electric van. More electric vehicles are in development at the automaker and analysts remain bullish. The median price target on F stock is $16, implying 14% upside from here. The high estimate on the stock is $18.
On the date of publication, Joel Baglole held a long position in C. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 7 of the Best Cheap Stocks to Buy for August 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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7 Cheap Value Stocks to Buy for August 2021 In this article, we look at seven cheap stocks to buy for August as we enter the dog days of summer: General Electric (NYSE:GE) Molson Coors (NYSE:TAP) American Airlines (NASDAQ:AAL) NortonLifeLock (NASDAQ:NLOK) Sirius XM Holdings (NASDAQ:SIRI) Hanesbrands (NYSE:HBI) Ford (NYSE:F) Cheap Stocks to Buy: General Electric (GE) GE) logo on a building" width="300" height="169"> Source: Sundry Photography / Shutterstock.com Lately, several Wall Street firms have been upgrading their ratings on Boston-based industrial giant General Electric. Cheap Stocks to Buy: American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com Air travel is returning to pre-pandemic levels, and few airline stocks are more affordable or present as much upside potential right now as Fort Worth, Texas-based American Airlines. At about $21 per share, AAL stock looks like a bargain.
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7 Cheap Value Stocks to Buy for August 2021 In this article, we look at seven cheap stocks to buy for August as we enter the dog days of summer: General Electric (NYSE:GE) Molson Coors (NYSE:TAP) American Airlines (NASDAQ:AAL) NortonLifeLock (NASDAQ:NLOK) Sirius XM Holdings (NASDAQ:SIRI) Hanesbrands (NYSE:HBI) Ford (NYSE:F) Cheap Stocks to Buy: General Electric (GE) GE) logo on a building" width="300" height="169"> Source: Sundry Photography / Shutterstock.com Lately, several Wall Street firms have been upgrading their ratings on Boston-based industrial giant General Electric. Cheap Stocks to Buy: American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com Air travel is returning to pre-pandemic levels, and few airline stocks are more affordable or present as much upside potential right now as Fort Worth, Texas-based American Airlines. At about $21 per share, AAL stock looks like a bargain.
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7 Cheap Value Stocks to Buy for August 2021 In this article, we look at seven cheap stocks to buy for August as we enter the dog days of summer: General Electric (NYSE:GE) Molson Coors (NYSE:TAP) American Airlines (NASDAQ:AAL) NortonLifeLock (NASDAQ:NLOK) Sirius XM Holdings (NASDAQ:SIRI) Hanesbrands (NYSE:HBI) Ford (NYSE:F) Cheap Stocks to Buy: General Electric (GE) GE) logo on a building" width="300" height="169"> Source: Sundry Photography / Shutterstock.com Lately, several Wall Street firms have been upgrading their ratings on Boston-based industrial giant General Electric. Cheap Stocks to Buy: American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com Air travel is returning to pre-pandemic levels, and few airline stocks are more affordable or present as much upside potential right now as Fort Worth, Texas-based American Airlines. At about $21 per share, AAL stock looks like a bargain.
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7 Cheap Value Stocks to Buy for August 2021 In this article, we look at seven cheap stocks to buy for August as we enter the dog days of summer: General Electric (NYSE:GE) Molson Coors (NYSE:TAP) American Airlines (NASDAQ:AAL) NortonLifeLock (NASDAQ:NLOK) Sirius XM Holdings (NASDAQ:SIRI) Hanesbrands (NYSE:HBI) Ford (NYSE:F) Cheap Stocks to Buy: General Electric (GE) GE) logo on a building" width="300" height="169"> Source: Sundry Photography / Shutterstock.com Lately, several Wall Street firms have been upgrading their ratings on Boston-based industrial giant General Electric. Cheap Stocks to Buy: American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com Air travel is returning to pre-pandemic levels, and few airline stocks are more affordable or present as much upside potential right now as Fort Worth, Texas-based American Airlines. At about $21 per share, AAL stock looks like a bargain.
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4281.0
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2021-07-27 00:00:00 UTC
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U.S. airlines petition FERC for action on fuel shortages at Nevada airport
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AAL
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https://www.nasdaq.com/articles/u.s.-airlines-petition-ferc-for-action-on-fuel-shortages-at-nevada-airport-2021-07-27
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nan
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nan
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By David Shepardson
WASHINGTON, July 27 (Reuters) - A trade group representing major U.S. passenger and cargo airlines and others on Tuesday asked the Federal Energy Regulatory Commission (FERC) to take emergency action to address fuel shortages at Reno-Tahoe Airport in Nevada through August.
Airlines for America, a group representing American Airlines AAL.O, Delta Air Lines DAL.N, Southwest Airlines LUV.N, FedEx Corp FDX.N and others, and World Fuel Services said some airlines and cargo carriers have been without access to fuel since July 23.
The group petitioned FERC to give priority in transportation to jet fuel and provide an additional 20,000 barrels of jet fuel capacity, or 541 barrels per day (bpd)through Sept. 6.
The supplies were needed "to prevent disruptions to air travel, critical air freight transportation — including medical personnel and supplies essential to fighting the next wave of COVID-19 infections threatened by the Delta variant — and firefighting efforts," it said.
FERC issued a notice asking for comment on the request by 5 p.m. EDT Tuesday (2100 GMT) and asked some questions "how much of the jet fuel demand at (Reno) in August 2021 will be used to transport medical personnel and supplies and support firefighting efforts."
American Airlines told pilots to conserve jet fuel supplies when possible in a memo on Monday, saying that transportation logistics, including lack of trucks and drivers, is delaying supply to airports throughout the United States.
Fuel prices have been on the rise for several months as demand for gasoline and diesel has snapped back after the worst of the coronavirus pandemic. Refiners have ramped up processing in the last several months to respond to the recovery in fuel demand, but logistics companies have complained of a lack of available drivers.
Gasoline, diesel and jet fuel demand plunged in 2020 due to the coronavirus pandemic, but air travel has rebounded more slowly than other modes of transportation, so refiners have been shipping less jet fuel.
As of mid-July, refiners shipped roughly 1.4 million bpd of jet fuel, which is still about 22% below 2019 levels, according to the U.S. Energy Department. By contrast, gasoline supplied by refiners in mid-July nearly matches 2019's level.
(Reporting by David Shepardson Editing by Chris Reese and Marguerita Choy)
((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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Airlines for America, a group representing American Airlines AAL.O, Delta Air Lines DAL.N, Southwest Airlines LUV.N, FedEx Corp FDX.N and others, and World Fuel Services said some airlines and cargo carriers have been without access to fuel since July 23. By David Shepardson WASHINGTON, July 27 (Reuters) - A trade group representing major U.S. passenger and cargo airlines and others on Tuesday asked the Federal Energy Regulatory Commission (FERC) to take emergency action to address fuel shortages at Reno-Tahoe Airport in Nevada through August. Fuel prices have been on the rise for several months as demand for gasoline and diesel has snapped back after the worst of the coronavirus pandemic.
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Airlines for America, a group representing American Airlines AAL.O, Delta Air Lines DAL.N, Southwest Airlines LUV.N, FedEx Corp FDX.N and others, and World Fuel Services said some airlines and cargo carriers have been without access to fuel since July 23. By David Shepardson WASHINGTON, July 27 (Reuters) - A trade group representing major U.S. passenger and cargo airlines and others on Tuesday asked the Federal Energy Regulatory Commission (FERC) to take emergency action to address fuel shortages at Reno-Tahoe Airport in Nevada through August. The supplies were needed "to prevent disruptions to air travel, critical air freight transportation — including medical personnel and supplies essential to fighting the next wave of COVID-19 infections threatened by the Delta variant — and firefighting efforts," it said.
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Airlines for America, a group representing American Airlines AAL.O, Delta Air Lines DAL.N, Southwest Airlines LUV.N, FedEx Corp FDX.N and others, and World Fuel Services said some airlines and cargo carriers have been without access to fuel since July 23. The group petitioned FERC to give priority in transportation to jet fuel and provide an additional 20,000 barrels of jet fuel capacity, or 541 barrels per day (bpd)through Sept. 6. Gasoline, diesel and jet fuel demand plunged in 2020 due to the coronavirus pandemic, but air travel has rebounded more slowly than other modes of transportation, so refiners have been shipping less jet fuel.
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Airlines for America, a group representing American Airlines AAL.O, Delta Air Lines DAL.N, Southwest Airlines LUV.N, FedEx Corp FDX.N and others, and World Fuel Services said some airlines and cargo carriers have been without access to fuel since July 23. The supplies were needed "to prevent disruptions to air travel, critical air freight transportation — including medical personnel and supplies essential to fighting the next wave of COVID-19 infections threatened by the Delta variant — and firefighting efforts," it said. American Airlines told pilots to conserve jet fuel supplies when possible in a memo on Monday, saying that transportation logistics, including lack of trucks and drivers, is delaying supply to airports throughout the United States.
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2021-07-27 00:00:00 UTC
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Airlines petition U.S. agency for action on fuel shortages at Nevada airport
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AAL
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https://www.nasdaq.com/articles/airlines-petition-u.s.-agency-for-action-on-fuel-shortages-at-nevada-airport-2021-07-27
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nan
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nan
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WASHINGTON, July 27 (Reuters) - A trade group representing major U.S. passenger and cargo airlines and others on Tuesday asked the Federal Energy Regulatory Commission (FERC) to take emergency action to address fuel shortages at Reno-Tahoe Airport in Nevada through August.
Airlines for America and World Fuel Services asked FERC to temporarily provide priority treatment to jet fuel shipments, saying it is "necessary to prevent jet fuel shortages, canceled flights, and disruption to critical passenger and cargo transportation at Reno-Tahoe International Airport throughout August."
The group said some airlines and cargo carriers have been without access to fuel since July 23.
(Reporting by David Shepardson Editing by Chris Reese)
((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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WASHINGTON, July 27 (Reuters) - A trade group representing major U.S. passenger and cargo airlines and others on Tuesday asked the Federal Energy Regulatory Commission (FERC) to take emergency action to address fuel shortages at Reno-Tahoe Airport in Nevada through August. Airlines for America and World Fuel Services asked FERC to temporarily provide priority treatment to jet fuel shipments, saying it is "necessary to prevent jet fuel shortages, canceled flights, and disruption to critical passenger and cargo transportation at Reno-Tahoe International Airport throughout August." The group said some airlines and cargo carriers have been without access to fuel since July 23.
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WASHINGTON, July 27 (Reuters) - A trade group representing major U.S. passenger and cargo airlines and others on Tuesday asked the Federal Energy Regulatory Commission (FERC) to take emergency action to address fuel shortages at Reno-Tahoe Airport in Nevada through August. Airlines for America and World Fuel Services asked FERC to temporarily provide priority treatment to jet fuel shipments, saying it is "necessary to prevent jet fuel shortages, canceled flights, and disruption to critical passenger and cargo transportation at Reno-Tahoe International Airport throughout August." The group said some airlines and cargo carriers have been without access to fuel since July 23.
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WASHINGTON, July 27 (Reuters) - A trade group representing major U.S. passenger and cargo airlines and others on Tuesday asked the Federal Energy Regulatory Commission (FERC) to take emergency action to address fuel shortages at Reno-Tahoe Airport in Nevada through August. Airlines for America and World Fuel Services asked FERC to temporarily provide priority treatment to jet fuel shipments, saying it is "necessary to prevent jet fuel shortages, canceled flights, and disruption to critical passenger and cargo transportation at Reno-Tahoe International Airport throughout August." (Reporting by David Shepardson Editing by Chris Reese) ((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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WASHINGTON, July 27 (Reuters) - A trade group representing major U.S. passenger and cargo airlines and others on Tuesday asked the Federal Energy Regulatory Commission (FERC) to take emergency action to address fuel shortages at Reno-Tahoe Airport in Nevada through August. Airlines for America and World Fuel Services asked FERC to temporarily provide priority treatment to jet fuel shipments, saying it is "necessary to prevent jet fuel shortages, canceled flights, and disruption to critical passenger and cargo transportation at Reno-Tahoe International Airport throughout August." The group said some airlines and cargo carriers have been without access to fuel since July 23.
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2021-07-27 00:00:00 UTC
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American Airlines Stock Looks Poised to Keep Climbing
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AAL
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https://www.nasdaq.com/articles/american-airlines-stock-looks-poised-to-keep-climbing-2021-07-27
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
After American Airlines (NASDAQ:AAL) reported strong second-quarter results on July 22 and made very positive comments about its outlook, I recommend that investors buy AAL stock.
Source: GagliardiPhotography / Shutterstock.com
Because concerns about the Delta variant leading to new lockdowns or a significant curtailment of airline travel are way overdone. American’s financial results should continue to improve.
Also making AAL stock attractive is the fact that American Airlines has taken actions that show that it’s very confident in its medium- and long-term outlooks.
Good Q2 Results
American reported a Q2 loss per share of $1.69. That was 92 cents better than analysts’ average outlook. The company’s sales came in slightly below the mean estimate, but they soared 87% versus Q1.
7 Cheap Value Stock Plays for August
Additionally, American’s passenger revenue more than doubled versus Q1, while its passenger revenue per available seat mile climbed 42% from the previous quarter. In another very good piece of good news, the company said that it was profitable in June.
What’s more, American said that its net bookings had reached similar levels as in the same quarter of 2019. And for the current quarter, the airlines expects its total sales to be down only about 20% versus the same period of 2019. Additionally, indicating that its Q3 loss will be minimal, American predicted that its Q3 pretax margin, excluding special items, would be between -3% and -7%.
In line with my previous prediction regarding the rebound of business air travel, American reported that the company’s revenue from business travelers had gone from about 20% of 2019 sales in March to roughly 45% of 2019 sales in June.
“Looking forward, we expect {the} business {travel} recovery to continue and accelerate,” said American President Robert Isom on the company’s Q2earnings conference call
Finally, another InvestorPlace columnist, Marek Hake noted that American’s cash flow from operations had come in at $3.47 billion.
Signs of Strong Confidence
In recent weeks, American has made several moves that indicate that the company is very upbeat about its medium- and long-term outlook.
For example, the company announced on its Q2earnings conference callthat it had repaid a $950 million loan that was not due until April 2023, and the company hired almost 3,5000 new employees while bringing back 3,000 more from furloughs. Meanwhile, the airlines now expects to cut its debt by more than $15 billion by the end of 2025, CFO Derek Kerr reported on the conference call.
And in the current quarter, American intends to free up 20 777 aircraft made by Boeing (NYSE:BA). Finally, the company intends to add over 150 routes during the summer months.
The Delta Variant
Indisputably, the 2020 lockdowns badly hurt children, many of those with illnesses other than Covid-19, and the American and global economies. Yet I’ve seen no concrete evidence that the lockdowns helped prevent the coronavirus from spreading.
Indeed, there’s been speculation that the disease may spread less when people are out in the world (but avoiding crowds) than when they are cooped up together in a house or apartment.
Meanwhile, by contrast, the vaccines are helping a great deal. Severe illnesses are very rare among vaccinated people. For example, the CEO of Houston Methodist Hospital, Marc Boom, speaking on Bloomberg TV on July 26, said that 85% to 90% of his hospital’s current coronavirus patients had not been vaccinated.
And U.S. daily deaths from the coronavirus have recently been in the 200 to 400 range. That’s significantly below the daily average of the roughly five-month 2017-2018 flu season, when over 80,000 people in the U.S. died of the virus. (That works out to an average of roughly 530 deaths per day).
And on the individual level, with relatively few exceptions, those who are very afraid of the coronavirus have gotten a vaccine, while those who haven’t gotten a shot are not very afraid of the disease. What’s more, several vaccinated people who were previously very afraid of the coronavirus last year have told me that they have flown after receiving the shots.
Given these points, I’m convinced that demand for airplane tickets will continue to get closer to 2019 levels going forward.
The Bottom Line on AAL Stock
Travel trends are strengthening and poised to improve further going forward, while American reported strong Q2 earnings and provided upbeat Q3 guidance. Moreover, fears about the Delta variant hurting airlines are unwarranted.
As a result of American’s strong outlook, I am confident that AAL stock will outperform the S&P 500 for the rest of the year.
On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post American Airlines Stock Looks Poised to Keep Climbing 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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Also making AAL stock attractive is the fact that American Airlines has taken actions that show that it’s very confident in its medium- and long-term outlooks. The Bottom Line on AAL Stock Travel trends are strengthening and poised to improve further going forward, while American reported strong Q2 earnings and provided upbeat Q3 guidance. InvestorPlace - Stock Market News, Stock Advice & Trading Tips After American Airlines (NASDAQ:AAL) reported strong second-quarter results on July 22 and made very positive comments about its outlook, I recommend that investors buy AAL stock.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips After American Airlines (NASDAQ:AAL) reported strong second-quarter results on July 22 and made very positive comments about its outlook, I recommend that investors buy AAL stock. Also making AAL stock attractive is the fact that American Airlines has taken actions that show that it’s very confident in its medium- and long-term outlooks. The Bottom Line on AAL Stock Travel trends are strengthening and poised to improve further going forward, while American reported strong Q2 earnings and provided upbeat Q3 guidance.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips After American Airlines (NASDAQ:AAL) reported strong second-quarter results on July 22 and made very positive comments about its outlook, I recommend that investors buy AAL stock. Also making AAL stock attractive is the fact that American Airlines has taken actions that show that it’s very confident in its medium- and long-term outlooks. The Bottom Line on AAL Stock Travel trends are strengthening and poised to improve further going forward, while American reported strong Q2 earnings and provided upbeat Q3 guidance.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips After American Airlines (NASDAQ:AAL) reported strong second-quarter results on July 22 and made very positive comments about its outlook, I recommend that investors buy AAL stock. Also making AAL stock attractive is the fact that American Airlines has taken actions that show that it’s very confident in its medium- and long-term outlooks. The Bottom Line on AAL Stock Travel trends are strengthening and poised to improve further going forward, while American reported strong Q2 earnings and provided upbeat Q3 guidance.
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4284.0
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2021-07-27 00:00:00 UTC
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Kumba Iron Ore's half-year earnings jump 178%
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AAL
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https://www.nasdaq.com/articles/kumba-iron-ores-half-year-earnings-jump-178-2021-07-27
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nan
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nan
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JOHANNESBURG, July 27 (Reuters) - South African miner Kumba Iron Ore KIOJ.J reported on Tuesday a jump of 178% in interim earnings, boosted by higher ore prices and increased production.
The company, a unit of Anglo American AAL.L, reported diluted headline earnings per share (HEPS) of 72.56 rand for the six months ended on June 30, up from 26.13 rand a year earlier.
HEPS is a key profit measure in South Africa that strips out certain one-off items.
(Reporting by Tanisha Heiberg; Editing by Clarence Fernandez)
((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters Messaging: tanisha.heiberg.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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The company, a unit of Anglo American AAL.L, reported diluted headline earnings per share (HEPS) of 72.56 rand for the six months ended on June 30, up from 26.13 rand a year earlier. JOHANNESBURG, July 27 (Reuters) - South African miner Kumba Iron Ore KIOJ.J reported on Tuesday a jump of 178% in interim earnings, boosted by higher ore prices and increased production. HEPS is a key profit measure in South Africa that strips out certain one-off items.
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The company, a unit of Anglo American AAL.L, reported diluted headline earnings per share (HEPS) of 72.56 rand for the six months ended on June 30, up from 26.13 rand a year earlier. JOHANNESBURG, July 27 (Reuters) - South African miner Kumba Iron Ore KIOJ.J reported on Tuesday a jump of 178% in interim earnings, boosted by higher ore prices and increased production. (Reporting by Tanisha Heiberg; Editing by Clarence Fernandez) ((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters Messaging: tanisha.heiberg.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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The company, a unit of Anglo American AAL.L, reported diluted headline earnings per share (HEPS) of 72.56 rand for the six months ended on June 30, up from 26.13 rand a year earlier. JOHANNESBURG, July 27 (Reuters) - South African miner Kumba Iron Ore KIOJ.J reported on Tuesday a jump of 178% in interim earnings, boosted by higher ore prices and increased production. (Reporting by Tanisha Heiberg; Editing by Clarence Fernandez) ((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters Messaging: tanisha.heiberg.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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The company, a unit of Anglo American AAL.L, reported diluted headline earnings per share (HEPS) of 72.56 rand for the six months ended on June 30, up from 26.13 rand a year earlier. JOHANNESBURG, July 27 (Reuters) - South African miner Kumba Iron Ore KIOJ.J reported on Tuesday a jump of 178% in interim earnings, boosted by higher ore prices and increased production. HEPS is a key profit measure in South Africa that strips out certain one-off items.
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4285.0
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2021-07-26 00:00:00 UTC
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U.S. will not lift travel restrictions, citing Delta variant -White House
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AAL
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https://www.nasdaq.com/articles/u.s.-will-not-lift-travel-restrictions-citing-delta-variant-white-house-2021-07-26
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nan
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nan
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By David Shepardson
WASHINGTON, July 26 (Reuters) - The United States will not lift any existing travel restrictions "at this point" due to concerns over the highly transmissible COVID-19 Delta variant and the rising number of U.S. coronavirus cases, the White House confirmed on Monday.
The decision, which was first reported by Reuters, comes after a senior level White House meeting late on Friday. It means that the long-running travel restrictions that have barred much of the world's population from the United States since 2020 will not be lifted in the short term.
"Given where we are today ... with the Delta variant, we will maintain existing travel restrictions at this point," White House spokeswoman Jen Psaki said on Monday, citing the spread of the Delta variant in the United States and abroad. "Driven by the Delta variant, cases are rising here at home, particularly among those who are unvaccinated and appear likely continue to increase in the weeks ahead."
The announcement almost certainly dooms any bid by U.S. airlines and the U.S. tourism industry to salvage summer travel by Europeans and others covered by the restrictions. Airlines have heavily lobbied the White House for months to lift the restrictions and some say the industry may now have to wait until September or later for a possible revision.
The United States currently bars most non-U.S. citizens who within the last 14 days have been in the United Kingdom, the 26 Schengen nations in Europe without internal border controls, or in Ireland, China, India, South Africa, Iran and Brazil.
The extraordinary U.S. travel restrictions were first imposed on China in January 2020 to address the spread of COVID-19. Other countries have since been added, most recently India in early May.
Last week, the U.S. Homeland Security Department said U.S. land borders with Canada and Mexico will remain closed to nonessential travel until at least Aug. 21 - even as Canada said it would begin allowing in fully vaccinated American tourists starting Aug. 9.
Asked on July 15 at a joint appearance with German Chancellor Angela Merkel about when the United States would lift European travel restrictions, U.S. President Joe Biden said he would "be able to answer that question to you within the next several days - what is likely to happen."
Merkel said any decision to lift restrictions "has to be a sustainable decision. It is certainly not sensible to have to take it back after only a few days."
Since that news conference, U.S. cases have jumped.
U.S. Centers for Disease Control and Prevention (CDC) director Rochelle Walensky said on Thursday the seven-day average of new cases in the United States was up 53% over the previous week. The Delta variant, which was first found in India, now comprises more than 80% of new cases nationwide and has been detected in more than 90 countries.
Psaki also cited the fact that last week, the CDC urged Americans to avoid travel to the United Kingdom, given a jump in cases.
The restrictions have brought heavy criticism from people prevented from seeing loved ones and the White House has acknowledged a desire to reunite separated families.
The Biden administration has refused to offer any metrics that would trigger when it will unwind restrictions and has not disclosed if it will remove restrictions on individual countries or focus on enhancing individual traveler scrutiny.
Reuters reported last week the White House was discussing the potential of mandating COVID-19 vaccines for international visitors, but no decisions have been made, sources briefed on the matter said. That idea remains under active discussion, they said.
The Biden administration has also been talking to U.S. airlines in recent weeks about establishing international contact tracing for passengers before lifting travel restrictions.
FACTBOX-Worldwide coronavirus cases cross 194.34 million, death toll at 4,326,089
FACTBOX-Latest on the worldwide spread of the coronavirus
(Reporting by David Shepardson in Washington Editing by Simon Cameron-Moore and Matthew Lewis)
((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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By David Shepardson WASHINGTON, July 26 (Reuters) - The United States will not lift any existing travel restrictions "at this point" due to concerns over the highly transmissible COVID-19 Delta variant and the rising number of U.S. coronavirus cases, the White House confirmed on Monday. Asked on July 15 at a joint appearance with German Chancellor Angela Merkel about when the United States would lift European travel restrictions, U.S. President Joe Biden said he would "be able to answer that question to you within the next several days - what is likely to happen." U.S. Centers for Disease Control and Prevention (CDC) director Rochelle Walensky said on Thursday the seven-day average of new cases in the United States was up 53% over the previous week.
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By David Shepardson WASHINGTON, July 26 (Reuters) - The United States will not lift any existing travel restrictions "at this point" due to concerns over the highly transmissible COVID-19 Delta variant and the rising number of U.S. coronavirus cases, the White House confirmed on Monday. "Given where we are today ... with the Delta variant, we will maintain existing travel restrictions at this point," White House spokeswoman Jen Psaki said on Monday, citing the spread of the Delta variant in the United States and abroad. Asked on July 15 at a joint appearance with German Chancellor Angela Merkel about when the United States would lift European travel restrictions, U.S. President Joe Biden said he would "be able to answer that question to you within the next several days - what is likely to happen."
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By David Shepardson WASHINGTON, July 26 (Reuters) - The United States will not lift any existing travel restrictions "at this point" due to concerns over the highly transmissible COVID-19 Delta variant and the rising number of U.S. coronavirus cases, the White House confirmed on Monday. "Given where we are today ... with the Delta variant, we will maintain existing travel restrictions at this point," White House spokeswoman Jen Psaki said on Monday, citing the spread of the Delta variant in the United States and abroad. Asked on July 15 at a joint appearance with German Chancellor Angela Merkel about when the United States would lift European travel restrictions, U.S. President Joe Biden said he would "be able to answer that question to you within the next several days - what is likely to happen."
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By David Shepardson WASHINGTON, July 26 (Reuters) - The United States will not lift any existing travel restrictions "at this point" due to concerns over the highly transmissible COVID-19 Delta variant and the rising number of U.S. coronavirus cases, the White House confirmed on Monday. Psaki also cited the fact that last week, the CDC urged Americans to avoid travel to the United Kingdom, given a jump in cases. The Biden administration has also been talking to U.S. airlines in recent weeks about establishing international contact tracing for passengers before lifting travel restrictions.
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4286.0
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2021-07-26 00:00:00 UTC
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American Airlines warns pilots of fuel shortages, cites logistical issues
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AAL
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https://www.nasdaq.com/articles/american-airlines-warns-pilots-of-fuel-shortages-cites-logistical-issues-2021-07-26
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nan
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nan
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July 26 (Reuters) - American Airlines AAL.O told pilots to conserve jet fuel supply when possible in a memo on Monday, saying that transportation logistics, including lack of trucks and drivers, is delaying supply to airports throughout the United States.
Fuel prices have been on the rise for several months as demand for gasoline and diesel has snapped back after the worst of the coronavirus pandemic. Refiners have ramped up processing in the last several months to respond to the recovery in fuel demand, but logistics companies have complained of a lack of available drivers.
"American Airlines station jet fuel delivery delays initially affected mostly western U.S. cities, but are now being reported at American stations across the country. Delivery delays are expected to continue through mid-August," the memo said.
Gasoline, diesel and jet fuel demand plunged in 2020 due to the coronavirus pandemic, but air travel has rebounded more slowly than other modes of transportation, so refiners have been shipping less jet fuel.
As of mid-July, refiners shipped roughly 1.4 million barrels of jet fuel on a daily basis, which is still about 22% below 2019 levels, according to the U.S. Energy Department. By contrast, gasoline supplied by refiners in mid-July nearly matches 2019's level.
American, in a statement, said it was aware of fuel supply issues at some airports. "American is currently experiencing minimal operational impact due to fuel supply issues. Our team continues to work around the clock to monitor the situation and minimize the impact on our customers," it said.
Industry group Airlines For America said that carriers are having aircraft take extra fuel at non-affected airports to offset problems with fuel supply.
U.S. domestic leisure travel has nearly recouped 2019 levels, and American has said it sees domestic business travel fully recovering next year.
(Reporting By Tracy Rucinski; writing by David Gaffen; editing by Chris Reese)
((david.gaffen@thomsonreuters.com; +1-646-223-6064; Reuters Messaging: david.gaffen.reuters.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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July 26 (Reuters) - American Airlines AAL.O told pilots to conserve jet fuel supply when possible in a memo on Monday, saying that transportation logistics, including lack of trucks and drivers, is delaying supply to airports throughout the United States. Fuel prices have been on the rise for several months as demand for gasoline and diesel has snapped back after the worst of the coronavirus pandemic. Refiners have ramped up processing in the last several months to respond to the recovery in fuel demand, but logistics companies have complained of a lack of available drivers.
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July 26 (Reuters) - American Airlines AAL.O told pilots to conserve jet fuel supply when possible in a memo on Monday, saying that transportation logistics, including lack of trucks and drivers, is delaying supply to airports throughout the United States. "American Airlines station jet fuel delivery delays initially affected mostly western U.S. cities, but are now being reported at American stations across the country. Gasoline, diesel and jet fuel demand plunged in 2020 due to the coronavirus pandemic, but air travel has rebounded more slowly than other modes of transportation, so refiners have been shipping less jet fuel.
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July 26 (Reuters) - American Airlines AAL.O told pilots to conserve jet fuel supply when possible in a memo on Monday, saying that transportation logistics, including lack of trucks and drivers, is delaying supply to airports throughout the United States. "American Airlines station jet fuel delivery delays initially affected mostly western U.S. cities, but are now being reported at American stations across the country. Gasoline, diesel and jet fuel demand plunged in 2020 due to the coronavirus pandemic, but air travel has rebounded more slowly than other modes of transportation, so refiners have been shipping less jet fuel.
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July 26 (Reuters) - American Airlines AAL.O told pilots to conserve jet fuel supply when possible in a memo on Monday, saying that transportation logistics, including lack of trucks and drivers, is delaying supply to airports throughout the United States. Delivery delays are expected to continue through mid-August," the memo said. Gasoline, diesel and jet fuel demand plunged in 2020 due to the coronavirus pandemic, but air travel has rebounded more slowly than other modes of transportation, so refiners have been shipping less jet fuel.
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4287.0
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2021-07-26 00:00:00 UTC
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Noteworthy Monday Option Activity: AA, STZ, AAL
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AAL
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-aa-stz-aal-2021-07-26
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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 Alcoa Corporation (Symbol: AA), where a total of 43,474 contracts have traded so far, representing approximately 4.3 million underlying shares. That amounts to about 45.3% of AA's average daily trading volume over the past month of 9.6 million shares. Particularly high volume was seen for the $39 strike call option expiring August 20, 2021, with 5,080 contracts trading so far today, representing approximately 508,000 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $39 strike highlighted in orange:
Constellation Brands Inc (Symbol: STZ) saw options trading volume of 4,039 contracts, representing approximately 403,900 underlying shares or approximately 43.6% of STZ's average daily trading volume over the past month, of 925,940 shares. Especially high volume was seen for the $205 strike put option expiring September 17, 2021, with 786 contracts trading so far today, representing approximately 78,600 underlying shares of STZ. Below is a chart showing STZ's trailing twelve month trading history, with the $205 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 146,293 contracts, representing approximately 14.6 million underlying shares or approximately 43.2% of AAL's average daily trading volume over the past month, of 33.9 million shares. Especially high volume was seen for the $22 strike call option expiring July 30, 2021, with 16,933 contracts trading so far today, representing approximately 1.7 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $22 strike highlighted in orange:
For the various different available expirations for AA options, STZ options, or AAL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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 $22 strike call option expiring July 30, 2021, with 16,933 contracts trading so far today, representing approximately 1.7 million underlying shares of AAL. Below is a chart showing STZ's trailing twelve month trading history, with the $205 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 146,293 contracts, representing approximately 14.6 million underlying shares or approximately 43.2% of AAL's average daily trading volume over the past month, of 33.9 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $22 strike highlighted in orange: For the various different available expirations for AA options, STZ options, or AAL options, visit StockOptionsChannel.com.
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Below is a chart showing STZ's trailing twelve month trading history, with the $205 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 146,293 contracts, representing approximately 14.6 million underlying shares or approximately 43.2% of AAL's average daily trading volume over the past month, of 33.9 million shares. Especially high volume was seen for the $22 strike call option expiring July 30, 2021, with 16,933 contracts trading so far today, representing approximately 1.7 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $22 strike highlighted in orange: For the various different available expirations for AA options, STZ options, or AAL options, visit StockOptionsChannel.com.
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Below is a chart showing STZ's trailing twelve month trading history, with the $205 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 146,293 contracts, representing approximately 14.6 million underlying shares or approximately 43.2% of AAL's average daily trading volume over the past month, of 33.9 million shares. Especially high volume was seen for the $22 strike call option expiring July 30, 2021, with 16,933 contracts trading so far today, representing approximately 1.7 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $22 strike highlighted in orange: For the various different available expirations for AA options, STZ options, or AAL options, visit StockOptionsChannel.com.
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Below is a chart showing STZ's trailing twelve month trading history, with the $205 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 146,293 contracts, representing approximately 14.6 million underlying shares or approximately 43.2% of AAL's average daily trading volume over the past month, of 33.9 million shares. Especially high volume was seen for the $22 strike call option expiring July 30, 2021, with 16,933 contracts trading so far today, representing approximately 1.7 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $22 strike highlighted in orange: For the various different available expirations for AA options, STZ options, or AAL options, visit StockOptionsChannel.com.
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4288.0
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2021-07-26 00:00:00 UTC
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S.Africa's Amplats earnings soar on higher metals prices, output
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AAL
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https://www.nasdaq.com/articles/s.africas-amplats-earnings-soar-on-higher-metals-prices-output-2021-07-26
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nan
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nan
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Adds dividend, detail and CEO quote
JOHANNESBURG, July 26 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J reported on Monday a 572% surge in interim earnings and paid a record dividend as higher metals prices and increased output boosted profits.
Amplats reported headline earnings per share, the main profit measure used in South Africa, for the six months ended June 30 of 176.47 rand ($11.88) per share versus 26.27 rand a year earlier.
The miner declared an interim dividend of 175 rand per share, consisting of both a base dividend and a special dividend, compared to 10.23 rand a year earlier.
High prices for metals extracted by Amplats, including platinum, palladium and rhodium, have boosted profits with the average rand prices for the platinum group metals (PGM) it mines up 29% during the period.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) during the period rose 385% to a record 63.3 billion rand with net cash at the end of the period at 57.6 billion rand.
The precious metals miner said refined production during the half-year increased by 128% to 2,326,700 ounces, boosted by the completion of the rebuild of unit A at its Anglo Converter Plant (ACP) processing facility in 2020.
Amplats declared force majeure and cut its production outlook after an explosion at the ACP plant last year halted processing activity.
($1 = 14.8542 rand)
(Reporting by Tanisha Heiberg; Editing by Louise Heavens and Edmund Blair)
((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters Messaging: tanisha.heiberg.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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Adds dividend, detail and CEO quote JOHANNESBURG, July 26 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J reported on Monday a 572% surge in interim earnings and paid a record dividend as higher metals prices and increased output boosted profits. The precious metals miner said refined production during the half-year increased by 128% to 2,326,700 ounces, boosted by the completion of the rebuild of unit A at its Anglo Converter Plant (ACP) processing facility in 2020. Amplats declared force majeure and cut its production outlook after an explosion at the ACP plant last year halted processing activity.
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Adds dividend, detail and CEO quote JOHANNESBURG, July 26 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J reported on Monday a 572% surge in interim earnings and paid a record dividend as higher metals prices and increased output boosted profits. Amplats reported headline earnings per share, the main profit measure used in South Africa, for the six months ended June 30 of 176.47 rand ($11.88) per share versus 26.27 rand a year earlier. The miner declared an interim dividend of 175 rand per share, consisting of both a base dividend and a special dividend, compared to 10.23 rand a year earlier.
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Adds dividend, detail and CEO quote JOHANNESBURG, July 26 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J reported on Monday a 572% surge in interim earnings and paid a record dividend as higher metals prices and increased output boosted profits. Amplats reported headline earnings per share, the main profit measure used in South Africa, for the six months ended June 30 of 176.47 rand ($11.88) per share versus 26.27 rand a year earlier. The miner declared an interim dividend of 175 rand per share, consisting of both a base dividend and a special dividend, compared to 10.23 rand a year earlier.
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Adds dividend, detail and CEO quote JOHANNESBURG, July 26 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J reported on Monday a 572% surge in interim earnings and paid a record dividend as higher metals prices and increased output boosted profits. The miner declared an interim dividend of 175 rand per share, consisting of both a base dividend and a special dividend, compared to 10.23 rand a year earlier. The precious metals miner said refined production during the half-year increased by 128% to 2,326,700 ounces, boosted by the completion of the rebuild of unit A at its Anglo Converter Plant (ACP) processing facility in 2020.
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4289.0
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2021-07-26 00:00:00 UTC
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EXCLUSIVE-U.S. will not lift travel restrictions, citing Delta variant -official
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AAL
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https://www.nasdaq.com/articles/exclusive-u.s.-will-not-lift-travel-restrictions-citing-delta-variant-official-2021-07-26
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nan
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nan
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By David Shepardson
WASHINGTON, July 26 (Reuters) - The United States will not lift any existing travel restrictions "at this point" due to concerns over the highly transmissible COVID-19 Delta variant and the rising number of U.S. coronavirus cases, a White House official told Reuters.
The decision, which comes after a senior level White House meeting late Friday, means the long-running travel restrictions that have barred much of the world's population from the United States since 2020 will not be lifted in the short term.
"Given where we are today with the Delta variant, the United States will maintain existing travel restrictions at this point," the official told Reuters, citing the spread of the Delta variant in the United States and abroad.
"Driven by the Delta variant, cases are rising here at home, particularly among those who are unvaccinated and appear likely continue to increase in the weeks ahead."
The announcement almost certainly dooms any bid by U.S. airlines and the U.S. tourism industry to salvage summer travel by Europeans and others covered by the restrictions. Airlines have heavily lobbied the White House for months to lift the restrictions.
The United States currently bars most non-U.S. citizens who within the last 14 days have been in the United Kingdom, the 26 Schengen nations in Europe without border controls, Ireland, China, India, South Africa, Iran and Brazil.
The extraordinary U.S. travel restrictions were first imposed on China in January 2020 to address the spread of COVID-19 and other countries have been added since then -- most recently India in early May.
Last week, the U.S. Homeland Security Department said U.S. land borders with Canada and Mexico will remain closed to non-essential travel until at least Aug. 21 -- even as Canada said it would begin allowing in fully vaccinated American tourists starting Aug. 9.
Asked on July 15 at a joint appearance with German Chancellor Angela Merkel about when the United States would lift European travel restrictions, Biden said he would "be able to answer that question to you within the next several days — what is likely to happen."
Merkel said any decision to lift restrictions "has to be a sustainable decision. It is certainly not sensible to have to take it back after only a few days."
Since that press conference, U.S. cases have jumped.
U.S. Centers for Disease Control and Prevention (CDC) director Rochelle Walensky said Thursday the seven-day average of new cases in the United States was up 53% over the previous week. The Delta variant, which was first found in India, now comprises more than 80% of new cases nationwide and has been detected in more than 90 countries.
The White House official also cited the fact that last week, the CDC urged Americans to avoid travel to the United Kingdom, given a jump in cases.
But the official added: "The administration understands the importance of international travel and is united in wanting to reopen international travel in a safe and sustainable manner."
The restrictions have brought heavy criticism from people prevented from seeing loved ones.
White House spokeswoman Jen Psaki on Friday said international travel is "something we would all like to see — not just for tourism, but for families to be reunited."
But Psaki added "we rely on public health and medical advice on when we’re going to determine changes to be made."
The Biden administration has refused to offer any metrics that would trigger when it will unwind restrictions and has not disclosed if it will remove restrictions on individual countries or focus on enhancing individual traveler scrutiny.
Reuters reported last week the White House was discussing the potential of mandating COVID-19 vaccines for international visitors, but no decisions have been made, the sources said.
The Biden administration has also been talking to U.S. airlines in recent weeks about establishing international contact tracing for passengers before lifting travel restrictions.
The White House in early June launched interagency working groups with the European Union, Britain, Canada and Mexico to look at how eventually to lift travel and border restrictions.
In January, the CDC imposed mandatory COVID-19 testing requirements for nearly all international air travelers.
(Reporting by David Shepardson; Editing by Simon Cameron-Moore)
((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 decision, which comes after a senior level White House meeting late Friday, means the long-running travel restrictions that have barred much of the world's population from the United States since 2020 will not be lifted in the short term. Asked on July 15 at a joint appearance with German Chancellor Angela Merkel about when the United States would lift European travel restrictions, Biden said he would "be able to answer that question to you within the next several days — what is likely to happen." The White House in early June launched interagency working groups with the European Union, Britain, Canada and Mexico to look at how eventually to lift travel and border restrictions.
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By David Shepardson WASHINGTON, July 26 (Reuters) - The United States will not lift any existing travel restrictions "at this point" due to concerns over the highly transmissible COVID-19 Delta variant and the rising number of U.S. coronavirus cases, a White House official told Reuters. "Given where we are today with the Delta variant, the United States will maintain existing travel restrictions at this point," the official told Reuters, citing the spread of the Delta variant in the United States and abroad. Asked on July 15 at a joint appearance with German Chancellor Angela Merkel about when the United States would lift European travel restrictions, Biden said he would "be able to answer that question to you within the next several days — what is likely to happen."
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By David Shepardson WASHINGTON, July 26 (Reuters) - The United States will not lift any existing travel restrictions "at this point" due to concerns over the highly transmissible COVID-19 Delta variant and the rising number of U.S. coronavirus cases, a White House official told Reuters. The decision, which comes after a senior level White House meeting late Friday, means the long-running travel restrictions that have barred much of the world's population from the United States since 2020 will not be lifted in the short term. "Given where we are today with the Delta variant, the United States will maintain existing travel restrictions at this point," the official told Reuters, citing the spread of the Delta variant in the United States and abroad.
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By David Shepardson WASHINGTON, July 26 (Reuters) - The United States will not lift any existing travel restrictions "at this point" due to concerns over the highly transmissible COVID-19 Delta variant and the rising number of U.S. coronavirus cases, a White House official told Reuters. The White House official also cited the fact that last week, the CDC urged Americans to avoid travel to the United Kingdom, given a jump in cases. The Biden administration has also been talking to U.S. airlines in recent weeks about establishing international contact tracing for passengers before lifting travel restrictions.
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2021-07-26 00:00:00 UTC
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Return to Profitability and Free Cash Flow Bode Well for American Airlines
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AAL
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https://www.nasdaq.com/articles/return-to-profitability-and-free-cash-flow-bode-well-for-american-airlines-2021-07-26
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
American Airlines (NASDAQ:AAL) stock is starting to look like a really good bargain, especially now. just days after it reported its first profit in six quarters. Moreover, it is the first quarter of clear free cash flow (FCF). This bodes very well for AAL stock, especially now that the airline can start paying down its debt.
AAL) airplane waiting on the tarmac. Represents airline stocks." width="300" height="169">
Source: GagliardiPhotography / Shutterstock.com
AAL stock tipped a year-to-date high of 26.04 on June 3, then gave back 23.9% through mid July before clawing back some of that loss following the July 22 earnings.
While the carrier’s shares were about flat for Q2, they are up 34.4% for 2021, up from $15.77 at the end of last year. My view is that AAL stock has a good chance now of regaining its former height, as it becomes clear that it will be paying down debt fairly quickly.
7 Cheap Value Stock Plays for August
I will show that investors in AAL stock can expect to make 44% annually over the next three years.
Where Things Stand For American Airlines
American Airlines reported that it is going to begin to quickly pay down its $40 billion in debt over the next four years. Its balance sheet now shows that it has $18.9 billion in cash and investments. So, its net debt is now $21.05 billion.
Compare that to its cash flow from operations (CFFO). Deep in the July 22 earnings release, in the section describing the company’s “cash build,” it reported that its Q2 CFFO was $3.47 billion.
In the subsequent conference call, CFO Derek Kerr said its capital expenditure was minimal, although it included $900 million in non-aircraft capex spending. So, on an ongoing basis, that means that its FCF works out to $2.57 billion. On an annualized run-rate basis that works out to $10.28 billion.
So, you can see where I am going with this: This $10.28 billion could pay down the company’s net debt of $21.05 billion in a little over two years.
Here is what I mean by that, just to be clear. The airline has $40 billion in gross debt. But if it wants to it can pay off $18.9 billion of that with its cash and investments on its balance sheet (what it calls liquidity). That leaves $21.05 billion. Since the free cash flow that its airline business is now generating works out to $10.3 billion per year, the remaining debt could be paid off in two years.
Potential 4x Market Value
Here is a very simplistic model of how to value AAL stock that results in a value of AAL stock at $62.35 per share. (The July 23 close was $21.20 a share.)
Let’s say that its FCF works out to $10 billion over the next several years. But in two years the FCF will be significantly higher with no debt outstanding. If it was paying 7% on average in interest on $40 billion, that would free up another $2.8 billion in FCF. Now going forward the FCF is $12.8 billion. However, remember that my model does not include much capex spending. So let’s lower the FCF amount to $12 billion annually.
Now, using a very high FCF yield figure of 20%, we can see that the target value of AAL stock should be $60 billion (i.e., $12 billion / 0.20 = $60 billion). That is over 4.4 times its present market value of $13.57 billion.
In fact, just to be even more conservative, let say that the company can only make $8 billion in free cash flow in two years. Even using a very high 20% FCF yield, its market value is worth $40 billion. That still gives it an implied upside over the market value of $13.57 billion of 195% (i.e., $40 billion / $13.58b-1 = 1.95x). This means that AAL stock is worth up to $62.35 per share (i.e., 2.95 x $21.16).
Calculating Annual ROI for AAL Stock
So, given its profitability, debt reduction news, and its now positive free cash flow, it looks like AAL stock is a bargain at $21.20. But it could take longer than one year for this to happen, especially since the market will want to see the debt go down.
But even assuming it it takes three years for this price to occur. that would still imply an average annual compounded return of 43.4% over each of the next three years (i.e., $2.95 ^(1/3)-1 = 0.434). There aren’t many opportunities in the market like that.
On the date of publication, Mark R. Hake did not hold any position in any of the securities mentioned in the article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guide which you can review here.
The post Return to Profitability and Free Cash Flow Bode Well for American Airlines 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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My view is that AAL stock has a good chance now of regaining its former height, as it becomes clear that it will be paying down debt fairly quickly. InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) stock is starting to look like a really good bargain, especially now. This bodes very well for AAL stock, especially now that the airline can start paying down its debt.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) stock is starting to look like a really good bargain, especially now. Calculating Annual ROI for AAL Stock So, given its profitability, debt reduction news, and its now positive free cash flow, it looks like AAL stock is a bargain at $21.20. This bodes very well for AAL stock, especially now that the airline can start paying down its debt.
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Now, using a very high FCF yield figure of 20%, we can see that the target value of AAL stock should be $60 billion (i.e., $12 billion / 0.20 = $60 billion). Calculating Annual ROI for AAL Stock So, given its profitability, debt reduction news, and its now positive free cash flow, it looks like AAL stock is a bargain at $21.20. InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) stock is starting to look like a really good bargain, especially now.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) stock is starting to look like a really good bargain, especially now. This bodes very well for AAL stock, especially now that the airline can start paying down its debt. AAL) airplane waiting on the tarmac.
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2021-07-22 00:00:00 UTC
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US STOCKS-Wall Street ekes out gains, led by tech, growth stocks
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-street-ekes-out-gains-led-by-tech-growth-stocks-2021-07-22
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By Stephen Culp
NEW YORK, July 22 (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.
A pull-back in economically sensitive cyclicals kept the S&P 500's and the blue-chip Dow's gains muted, while small-caps .RUT underperformed their larger rivals.
But megacap tech and tech-adjacent stocks, such as Microsoft Corp MSFT.O, Amazon.com AMZN.O, Apple Inc AAPL.O, Facebook Inc FB.O and Alphabet Inc GOOGL.O, rose ahead of their quarterly results next week, putting the Nasdaq out front.
All three major U.S. stock indexes ended the session within 1% of their record closing highs.
Growth stocks .IGX, which outperformed throughout the health crisis, were back in favor, gaining 0.8%, while the value index .IVX slipped by 0.5%.
"The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture their own growth like tech names, versus the view that economic growth will continue and you want to own cyclicals and value names," said David Carter, chief investment officer at Lenox Wealth Advisors in New York.
The number of U.S. workers filing first-time applications for unemployment benefits USJOB=ECI spiked unexpectedly to 419,000 last week, a two-month high, according to the Labor Department.
Market participants are closely watching labor market indicators for hints as to when the Federal Reserve, expected to convene next week for its two-day monetary policy meeting, will begin discussions about hiking key interest rates from near zero.
"The jobless data today didn’t have a meaningful impact on markets or the economic outlook," Carter added. "It’s now all about how much longer the Fed will tolerate low rates. The Fed seems to be favoring its full employment mandate more than its price stability mandate."
"Accordingly, the upcoming Fed meeting could be impactful," Carter said.
Benchmark Treasury yields eased after the bid at the largest-ever TIPS auction touched a record low, pressuring rate sensitive banks.
The Dow Jones Industrial Average .DJIrose 25.35 points, or 0.07%, to 34,823.35, the S&P 500 .SPXgained 8.79 points, or 0.20%, to 4,367.48 and the Nasdaq Composite .IXICadded 52.64 points, or 0.36%, to 14,684.60.
Of the 11 major sectors of the S&P 500, tech .SPLRCT was shining brightest, gaining 0.7%. Energy stocks .SPNY suffered the largest percentage drop.
The second-quarter reporting season barreled ahead at full-throttle, with 104 of the companies in the S&P 500 having reported. Of those, 88% have beaten consensus estimates, according to Refinitiv.
Drugmaker Biogen Inc BIIB.O gained 1.1% after hiking its full-year revenue guidance, while Domino's Pizza Inc DPZ.N surged 14.6% to an all-time high on the heels of its quarterly report.
Southwest Airlines Co LUV.N posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc AAL.O dipped 1.1% even after reporting a quarterly profit.
The S&P 1500 Airlines index .SPCOMAIR ended the session off 1.7%.
Shares of Texas Instruments Inc TXN.O slid 5.3% after its current-quarter revenue forecast cast concerns as to whether the company will be able to meet spiking demand in the face of a global semiconductor shortage.
The Philadelphia SE Semiconductor index .SOX ended the session down 0.9%.
Chipmaker Intel Corp INTC.O slipped more than 1% in extended trading after the chipmaker posted results and raised its annual revenue forecast.
Declining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.90-to-1 ratio favored decliners.
The S&P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 54 new lows.
Volume on U.S. exchanges was 8.25 billion shares, compared with the 10.12 billion average over the last 20 trading days.
(Reporting by Stephen Culp" Additonal reporting by Devik Jain and Shreyashi Sanyal in Bengaluru Editing by Marguerita Choy)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
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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Southwest Airlines Co LUV.N posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc AAL.O dipped 1.1% even after reporting a quarterly profit. By Stephen Culp NEW YORK, July 22 (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks. But megacap tech and tech-adjacent stocks, such as Microsoft Corp MSFT.O, Amazon.com AMZN.O, Apple Inc AAPL.O, Facebook Inc FB.O and Alphabet Inc GOOGL.O, rose ahead of their quarterly results next week, putting the Nasdaq out front.
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Southwest Airlines Co LUV.N posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc AAL.O dipped 1.1% even after reporting a quarterly profit. All three major U.S. stock indexes ended the session within 1% of their record closing highs. "The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture their own growth like tech names, versus the view that economic growth will continue and you want to own cyclicals and value names," said David Carter, chief investment officer at Lenox Wealth Advisors in New York.
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Southwest Airlines Co LUV.N posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc AAL.O dipped 1.1% even after reporting a quarterly profit. By Stephen Culp NEW YORK, July 22 (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks. "The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture their own growth like tech names, versus the view that economic growth will continue and you want to own cyclicals and value names," said David Carter, chief investment officer at Lenox Wealth Advisors in New York.
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Southwest Airlines Co LUV.N posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc AAL.O dipped 1.1% even after reporting a quarterly profit. All three major U.S. stock indexes ended the session within 1% of their record closing highs. "The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture their own growth like tech names, versus the view that economic growth will continue and you want to own cyclicals and value names," said David Carter, chief investment officer at Lenox Wealth Advisors in New York.
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2021-07-22 00:00:00 UTC
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American, Southwest post profits in June even without federal aid
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AAL
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https://www.nasdaq.com/articles/american-southwest-post-profits-in-june-even-without-federal-aid-2021-07-22
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By Tracy Rucinski and Sanjana Shivdas
July 21 (Reuters) - U.S. carriers American Airlines AAL.O and Southwest Airlines LUV.N said strong bookings made them profitable in the month of June even without U.S. federal aid for workers' salaries, a first since the pandemic began in early 2020.
U.S. airlines, which have received a total $54 billion in U.S. COVID-19 relief through Sept. 30, are turning the page on what they have called the industry's worst crisis ever as aggressive vaccinations earlier this year fuel a travel rebound.
"We are well on our way toward recovery," American Chief Executive Doug Parker and President Robert Isom said in a letter to employees.
American, the world's largest carrier, eked out a $19 million profit for the second quarter to June, including federal aid that covered workers' salaries, compared with a loss of $2.07 billion, a year earlier.
Excluding items, the company posted a second-quarter net loss of $1.1 billion, or $1.69 per share.
American's total revenues jumped 361% to $7.48 billion, above analysts' forecast for $7.34 billion according to Refinitiv data, but still below 2019 levels.
Total operating revenue at Southwest, which is more focused on domestic travel, rose nearly 300% to $4 billion from a year earlier, also above estimates, but fell about 32% from 2019.
Excluding items, its net loss narrowed to $206 million, or 35 cents per share, in the second quarter, from $1.50 billion, or $2.67 per share, a year earlier.
Both American and Southwest have recalled idled pilots and flight attendants and plan to ramp up hiring to meet the rapid return in demand, which has helped the companies' financial position but caused some operational headaches.
"We are intensely focused on improving our operations as we restore our network to meet demand," Southwest Chief Executive Gary Kelly said in a statement.
Rivals Delta Air Lines DAL.N and United Airlines UAL.O, which recently reported forecast-beating quarterly revenues, have said they have not seen an impact on bookings from a resurgence in COVID-19 spurred by the more contagious Delta variant.
(Reporting by Tracy Rucinski in Chicago and Sanjana Shivdas and Ankit Ajmera in Bengaluru; Editing by Nick Zieminski)
((tracy.rucinski@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski and Sanjana Shivdas July 21 (Reuters) - U.S. carriers American Airlines AAL.O and Southwest Airlines LUV.N said strong bookings made them profitable in the month of June even without U.S. federal aid for workers' salaries, a first since the pandemic began in early 2020. U.S. airlines, which have received a total $54 billion in U.S. COVID-19 relief through Sept. 30, are turning the page on what they have called the industry's worst crisis ever as aggressive vaccinations earlier this year fuel a travel rebound. American, the world's largest carrier, eked out a $19 million profit for the second quarter to June, including federal aid that covered workers' salaries, compared with a loss of $2.07 billion, a year earlier.
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By Tracy Rucinski and Sanjana Shivdas July 21 (Reuters) - U.S. carriers American Airlines AAL.O and Southwest Airlines LUV.N said strong bookings made them profitable in the month of June even without U.S. federal aid for workers' salaries, a first since the pandemic began in early 2020. American, the world's largest carrier, eked out a $19 million profit for the second quarter to June, including federal aid that covered workers' salaries, compared with a loss of $2.07 billion, a year earlier. Excluding items, its net loss narrowed to $206 million, or 35 cents per share, in the second quarter, from $1.50 billion, or $2.67 per share, a year earlier.
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By Tracy Rucinski and Sanjana Shivdas July 21 (Reuters) - U.S. carriers American Airlines AAL.O and Southwest Airlines LUV.N said strong bookings made them profitable in the month of June even without U.S. federal aid for workers' salaries, a first since the pandemic began in early 2020. American, the world's largest carrier, eked out a $19 million profit for the second quarter to June, including federal aid that covered workers' salaries, compared with a loss of $2.07 billion, a year earlier. Excluding items, its net loss narrowed to $206 million, or 35 cents per share, in the second quarter, from $1.50 billion, or $2.67 per share, a year earlier.
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By Tracy Rucinski and Sanjana Shivdas July 21 (Reuters) - U.S. carriers American Airlines AAL.O and Southwest Airlines LUV.N said strong bookings made them profitable in the month of June even without U.S. federal aid for workers' salaries, a first since the pandemic began in early 2020. Total operating revenue at Southwest, which is more focused on domestic travel, rose nearly 300% to $4 billion from a year earlier, also above estimates, but fell about 32% from 2019. Excluding items, its net loss narrowed to $206 million, or 35 cents per share, in the second quarter, from $1.50 billion, or $2.67 per share, a year earlier.
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2021-07-22 00:00:00 UTC
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American Airlines beats second-quarter revenue estimates as travel recovers
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AAL
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https://www.nasdaq.com/articles/american-airlines-beats-second-quarter-revenue-estimates-as-travel-recovers-2021-07-22
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Compares with revenue estimates, adds details on liquidity
July 22 (Reuters) - American Airlines Group Inc AAL.O beat Wall Street estimates for second-quarter revenue on the back of a recovery in demand as leisure travel rebounds from pandemic lows.
Travel demand has surged thanks to speedy COVID-19 vaccinations and easing restrictions across the globe. Airlines are now recalling crew on voluntary leave and recruiting new employees ahead of the holiday season.
The airline reported positive cash flow in the second quarter for the first time since the pandemic began, reversing a trend of cash burn of about $100 million a day when global travel had ground to a halt.
The airline reported a cash build rate of about $1 million per day in the second quarter.
Excluding items, the company posted a second-quarter net loss of $1.1 billion, or $1.69 per share.
The U.S airline posted a net income of $19 million, or 3 cents per share, in the quarter ended June 30, compared with a loss of $2.07 billion, or $4.82 per share, a year earlier.
Total operating revenue jumped 361% to $7.48 billion. Analysts, on average, expected a revenue of $7.34 billion, according to Refinitiv data.
American ended the second quarter with about $21.3 billion of total available liquidity.
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
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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Compares with revenue estimates, adds details on liquidity July 22 (Reuters) - American Airlines Group Inc AAL.O beat Wall Street estimates for second-quarter revenue on the back of a recovery in demand as leisure travel rebounds from pandemic lows. Airlines are now recalling crew on voluntary leave and recruiting new employees ahead of the holiday season. Excluding items, the company posted a second-quarter net loss of $1.1 billion, or $1.69 per share.
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Compares with revenue estimates, adds details on liquidity July 22 (Reuters) - American Airlines Group Inc AAL.O beat Wall Street estimates for second-quarter revenue on the back of a recovery in demand as leisure travel rebounds from pandemic lows. Excluding items, the company posted a second-quarter net loss of $1.1 billion, or $1.69 per share. The U.S airline posted a net income of $19 million, or 3 cents per share, in the quarter ended June 30, compared with a loss of $2.07 billion, or $4.82 per share, a year earlier.
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Compares with revenue estimates, adds details on liquidity July 22 (Reuters) - American Airlines Group Inc AAL.O beat Wall Street estimates for second-quarter revenue on the back of a recovery in demand as leisure travel rebounds from pandemic lows. The airline reported positive cash flow in the second quarter for the first time since the pandemic began, reversing a trend of cash burn of about $100 million a day when global travel had ground to a halt. The U.S airline posted a net income of $19 million, or 3 cents per share, in the quarter ended June 30, compared with a loss of $2.07 billion, or $4.82 per share, a year earlier.
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Compares with revenue estimates, adds details on liquidity July 22 (Reuters) - American Airlines Group Inc AAL.O beat Wall Street estimates for second-quarter revenue on the back of a recovery in demand as leisure travel rebounds from pandemic lows. The airline reported a cash build rate of about $1 million per day in the second quarter. The U.S airline posted a net income of $19 million, or 3 cents per share, in the quarter ended June 30, compared with a loss of $2.07 billion, or $4.82 per share, a year earlier.
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2021-07-22 00:00:00 UTC
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US STOCKS-Wall Street edges lower as jobless claims unexpectedly rise
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-street-edges-lower-as-jobless-claims-unexpectedly-rise-2021-07-22
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By Devik Jain and Shreyashi Sanyal
July 22 (Reuters) - Wall Street's main indexes edged lower on Thursday after an unexpected rise in weekly jobless claims cooled a rally in economy-linked cyclical stocks, while gains in megacap growth firms kept declines at bay.
Data showed the number of Americans filing new claims for unemployment benefits increased by 51,000 to a seasonally adjusted 419,000 in the week ended July 17, hitting a two-month high. The report also showed more people returning to work, a positive trend for July's employment data.
"One data point isn't a trend, and a one-off can probably be chalked up to Delta variant concerns. If jobs data doesn't inflect soon, the markets and the Fed will be put on notice," said Cliff Hodge, chief investment officer at Cornerstone Wealth.
Investors have been closely following the health of the jobs market on which the Federal Reserve's monetary policy hinges, especially after a series of higher inflation reading recently sparked fears about a sooner-than expected paring of policy support as the economy reopens.
A shift in attention to corporate earnings and the so-called value stocks have helped Wall Street recoup most of its declines from earlier in the week that were triggered by concerns about the fast-spreading Delta variant of the coronavirus.
The S&P 500 energy sector .SPNY fell 1.5% after rising in the last two sessions, while technology .SPLRCI was the biggest gainer among the 11 major sector indexes.
Apple Inc AAPL.O, Amazon.com AMZN.O, Facebook Inc FB.O, Google-owner Alphabet Inc GOOGL.O and Microsoft Corp MSFT.O rose ahead of their quarterly results next week.
"The market is trying to understand how economic growth will decelerate going forward ... we're going to still see energy, financials, industrials doing very well in the medium term, but the more secular growth winners will continue to drive the market for the future," said Omar Aguilar, chief investment officer of passive equity and multi-asset strategies for Charles Schwab Investment Management.
Second-quarter earnings are expected to grow 76.5%% for S&P 500 companies, according to Refinitiv IBES estimates. So far, 88.5% of the 104 companies in the benchmark index .SPX that reported results for the quarter beat profit expectations, the highest since 1994.
Drugmaker Biogen Inc BIIB.O gained 1.3% on raising its full-year revenue expectations, while Domino's Pizza Inc DPZ.N jumped 13.0% to a record high on upbeat quarterly results.
Southwest Airlines Co LUV.N fell 4.2% after it posted a bigger-than-expected quarterly loss, pushing the S&P 1500 Airlines index .SPCOMAIR down 2.2%.
American Airlines Group Inc AAL.O reported a quarterly profit, but its shares fell 2.1%.
At 12:23 p.m. ET, the Dow Jones Industrial Average .DJIwas down 72.23 points, or 0.21%, at 34,725.77, the S&P 500 .SPXwas down 7.04 points, or 0.16%, at 4,351.65 and the Nasdaq Composite .IXICwas down 7.64 points, or 0.05%, at 14,624.31.
Texas Instruments Inc TXN.O fell 5.0%on a downbeat current-quarter revenue forecast amid concerns about the chipmaker's ability to meet searing demand in the face of a global shortage.
Declining issues outnumbered advancers for a 2.45-to-1 ratio on the NYSE and 2.46-to-1 ratio on the Nasdaq.
The S&P index recorded 36 new 52-week highs and no new low, while the Nasdaq recorded 52 new highs and 36 new lows.
(Reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
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 reported a quarterly profit, but its shares fell 2.1%. By Devik Jain and Shreyashi Sanyal July 22 (Reuters) - Wall Street's main indexes edged lower on Thursday after an unexpected rise in weekly jobless claims cooled a rally in economy-linked cyclical stocks, while gains in megacap growth firms kept declines at bay. Data showed the number of Americans filing new claims for unemployment benefits increased by 51,000 to a seasonally adjusted 419,000 in the week ended July 17, hitting a two-month high.
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American Airlines Group Inc AAL.O reported a quarterly profit, but its shares fell 2.1%. By Devik Jain and Shreyashi Sanyal July 22 (Reuters) - Wall Street's main indexes edged lower on Thursday after an unexpected rise in weekly jobless claims cooled a rally in economy-linked cyclical stocks, while gains in megacap growth firms kept declines at bay. The S&P index recorded 36 new 52-week highs and no new low, while the Nasdaq recorded 52 new highs and 36 new lows.
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American Airlines Group Inc AAL.O reported a quarterly profit, but its shares fell 2.1%. By Devik Jain and Shreyashi Sanyal July 22 (Reuters) - Wall Street's main indexes edged lower on Thursday after an unexpected rise in weekly jobless claims cooled a rally in economy-linked cyclical stocks, while gains in megacap growth firms kept declines at bay. "The market is trying to understand how economic growth will decelerate going forward ... we're going to still see energy, financials, industrials doing very well in the medium term, but the more secular growth winners will continue to drive the market for the future," said Omar Aguilar, chief investment officer of passive equity and multi-asset strategies for Charles Schwab Investment Management.
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American Airlines Group Inc AAL.O reported a quarterly profit, but its shares fell 2.1%. By Devik Jain and Shreyashi Sanyal July 22 (Reuters) - Wall Street's main indexes edged lower on Thursday after an unexpected rise in weekly jobless claims cooled a rally in economy-linked cyclical stocks, while gains in megacap growth firms kept declines at bay. "One data point isn't a trend, and a one-off can probably be chalked up to Delta variant concerns.
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4295.0
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2021-07-22 00:00:00 UTC
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US STOCKS-S&P 500, Dow fall as jobless claims rise; megacaps boost Nasdaq
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-500-dow-fall-as-jobless-claims-rise-megacaps-boost-nasdaq-2021-07-22
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By Devik Jain and Shreyashi Sanyal
July 22 (Reuters) - The S&P 500 and the Dow indexes fell on Thursday after data showed weekly jobless claims hit a two-month high, while a rise in megacap growth stocks offered some support to the technology-heavy Nasdaq.
The Labor Department's report showed the number of Americans filing new claims for unemployment benefits increased by 51,000 to a seasonally adjusted 419,000 in the week ended July 17.
Still, the number likely does not suggest a material shift in labor market conditions, with another month of strong job growth expected in July.
"One data point isn't a trend, and a one-off can probably be chalked up to Delta variant concerns. If jobs data doesn't inflect soon, the markets and the Fed will be put on notice," said Cliff Hodge, chief investment officer at Cornerstone Wealth.
Investors have been closely following the health of the jobs market on which the Federal Reserve's monetary policy hinges, especially after a series of higher inflation reading recently sparked fears about a sooner-than expected paring of policy support as the economy reopens.
A shift in attention to corporate earnings and the so-called value stocks have helped Wall Street recoup most of its declines from earlier in the week that were triggered by concerns about the fast-spreading Delta variant of the coronavirus.
"The market is realizing that it's very unlikely that this variant is going to have a similar outcome to the original pandemic," said Tom Mantione, managing director at UBS Private Wealth Management in Stamford, CT.
Economically sensitive S&P 500 sectors declined in early trading, with energy .SPNY dropping 1.2% after rising in the last two sessions. The S&P 500 technology .SPLRCI sector was the biggest gainer among the 11 major sector indexes.
Second-quarter earnings are expected to grow 75% for S&P 500 companies, according to Refinitiv IBES estimates. So far, 88% of the 73 companies in the benchmark index .SPX that reported results for the quarter beat consensus expectations.
Drugmaker Biogen Inc BIIB.Ogained 0.8% on raising its full-year revenue expectations.
Southwest Airlines Co LUV.N fell 3.3% after it posted a bigger-than-expected quarterly loss, pushing the S&P 1500 Airlines index .SPCOMAIR down 2.1%.
American Airlines Group Inc AAL.O reported a quarterly profit, but its shares fell 1.9%
At 10:00 a.m. ET the Dow Jones Industrial Average .DJIwas down 62.20 points, or 0.18%, at 34,735.80 and the S&P 500 .SPXwas down 1.53 points, or 0.04%, at 4,357.16,
The Nasdaq Composite .IXICwas up 24.87 points, or 0.17%, at 14,656.83, boosted by Apple Inc AAPL.O, Amazon.com AMZN.O, Facebook Inc FB.O, Google-owner Alphabet Inc GOOGL.O and Microsoft Corp MSFT.O.
Intel Corp INTC.O edged higher ahead of its quarterly results after markets close on Thursday.
Texas Instruments Inc TXN.O fell 4.7% after a downbeat current-quarter revenue forecast amid concerns about the chipmaker's ability to meet searing demand in the face of a global shortage.
CXS Corp CSX.Ogained 3.9% as brokerages raised their price targets on the U.S. railroad operator's shares after it posted upbeat second-quarter revenue.
Declining issues outnumbered advancers for a 2.10-to-1 ratio on the NYSE and for a 2.21-to-1 ratio on the Nasdaq.
The S&P index recorded 29 new 52-week highs and no new low, while the Nasdaq recorded 42 new highs and 12 new lows.
(Reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
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 reported a quarterly profit, but its shares fell 1.9% At 10:00 a.m. By Devik Jain and Shreyashi Sanyal July 22 (Reuters) - The S&P 500 and the Dow indexes fell on Thursday after data showed weekly jobless claims hit a two-month high, while a rise in megacap growth stocks offered some support to the technology-heavy Nasdaq. A shift in attention to corporate earnings and the so-called value stocks have helped Wall Street recoup most of its declines from earlier in the week that were triggered by concerns about the fast-spreading Delta variant of the coronavirus.
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American Airlines Group Inc AAL.O reported a quarterly profit, but its shares fell 1.9% At 10:00 a.m. By Devik Jain and Shreyashi Sanyal July 22 (Reuters) - The S&P 500 and the Dow indexes fell on Thursday after data showed weekly jobless claims hit a two-month high, while a rise in megacap growth stocks offered some support to the technology-heavy Nasdaq. Intel Corp INTC.O edged higher ahead of its quarterly results after markets close on Thursday.
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American Airlines Group Inc AAL.O reported a quarterly profit, but its shares fell 1.9% At 10:00 a.m. By Devik Jain and Shreyashi Sanyal July 22 (Reuters) - The S&P 500 and the Dow indexes fell on Thursday after data showed weekly jobless claims hit a two-month high, while a rise in megacap growth stocks offered some support to the technology-heavy Nasdaq. Investors have been closely following the health of the jobs market on which the Federal Reserve's monetary policy hinges, especially after a series of higher inflation reading recently sparked fears about a sooner-than expected paring of policy support as the economy reopens.
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American Airlines Group Inc AAL.O reported a quarterly profit, but its shares fell 1.9% At 10:00 a.m. By Devik Jain and Shreyashi Sanyal July 22 (Reuters) - The S&P 500 and the Dow indexes fell on Thursday after data showed weekly jobless claims hit a two-month high, while a rise in megacap growth stocks offered some support to the technology-heavy Nasdaq. "One data point isn't a trend, and a one-off can probably be chalked up to Delta variant concerns.
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4296.0
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2021-07-22 00:00:00 UTC
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US STOCKS-Wall Street set for muted open as jobless claims rise
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-street-set-for-muted-open-as-jobless-claims-rise-2021-07-22
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nan
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By Devik Jain and Shreyashi Sanyal
July 22 (Reuters) - U.S. stock indexes were set for a subdued open on Thursday after data showed an unexpected rise in weekly jobless claims, while a steady flow of positive earnings reports offered markets some support.
The Labor Department's report showed the number of Americans filing new claims for unemployment benefits increased by 51,000 to a seasonally adjusted 419,000 for the week ended July 17. Still, the number likely does not suggest a material shift in labor market conditions, with another month of strong job growth expected in July.
Investors have been closely following the health of the jobs market on which the Federal Reserve's monetary policy hinges, especially after a series of higher inflation reading recently sparked fears about a sooner-than expected paring of policy support as the economy reopens.
A shift in attention to corporate earnings and the so-called value stocks have helped Wall Street recoup most of its declines from earlier in the week that were triggered by concerns about the fast-spreading Delta variant of the coronavirus.
"The market is realizing that it's very unlikely that this variant is going to have a similar outcome to the original pandemic," said Tom Mantione, managing director at UBS Private Wealth Management in Stamford, CT.
"We've got a lot of runway to the U.S. economy both in the labor market and earnings, and now is the time to be buying the dip. If you weren't buying on Monday, you were kind of missing the point."
Second-quarter earnings are expected to grow 75% for S&P 500 companies, according to Refinitiv IBES estimates, with 88% of the 73 reported companies in the benchmark index .SPX beating consensus expectations.
AT&T Inc T.N added 0.9% in premarket trading as the telecom operator beat estimates for monthly phone bill paying subscriber additions in the second quarter, while chemicals maker Dow Inc DOW.N rose 1.3%after it forecast better-than-expected sales for the current quarter. [nL4N2OY1QT]
Healthcare companies including, drugmaker Biogen Inc BIIB.O rose 0.9% on raising its full-year revenue expectations, while medical device maker Abbott Laboratories ABT.N added 0.2% after its quarterly profit more than doubled.
Airline stocks fell following a 2.2% drop in shares of Southwest Airlines Co LUV.N after it posted a bigger-than-expected quarterly loss.
American Airlines Group Inc AAL.O reported a quarterly profit, but its shares fell 2%.
At 8:42 a.m. ET, Dow e-minis 1YMcv1 were down 45 points, or 0.13%, S&P 500 e-minis EScv1 were down 2.5 points, or 0.06%, and Nasdaq 100 e-minis NQcv1 were up 7.25 points, or 0.05%.
Texas Instruments Inc TXN.O fell 4.8% after it forecast current-quarter revenue slightly below Wall Street estimates amid concerns about the chipmaker's ability to meet searing demand in the face of a global shortage.
Intel Corp INTC.O edged lower ahead of its quarterly results after markets close on Thursday.
CXS Corp CSX.Ogained 3.8% as brokerages raised their price targets on the U.S. railroad operator's shares after it posted upbeat second-quarter revenue.
Energy stocks Chevron Corp CVX.N, Exxon Mobil XOM.N, Schlumberger NV SLB.N, Occidental Petroleum OXY.N and Marathon Petroleum Corp MPC.N climbed between 0.2% and 0.4% tracking crude prices. O/R
(Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
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 reported a quarterly profit, but its shares fell 2%. By Devik Jain and Shreyashi Sanyal July 22 (Reuters) - U.S. stock indexes were set for a subdued open on Thursday after data showed an unexpected rise in weekly jobless claims, while a steady flow of positive earnings reports offered markets some support. A shift in attention to corporate earnings and the so-called value stocks have helped Wall Street recoup most of its declines from earlier in the week that were triggered by concerns about the fast-spreading Delta variant of the coronavirus.
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American Airlines Group Inc AAL.O reported a quarterly profit, but its shares fell 2%. [nL4N2OY1QT] Healthcare companies including, drugmaker Biogen Inc BIIB.O rose 0.9% on raising its full-year revenue expectations, while medical device maker Abbott Laboratories ABT.N added 0.2% after its quarterly profit more than doubled. Texas Instruments Inc TXN.O fell 4.8% after it forecast current-quarter revenue slightly below Wall Street estimates amid concerns about the chipmaker's ability to meet searing demand in the face of a global shortage.
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American Airlines Group Inc AAL.O reported a quarterly profit, but its shares fell 2%. By Devik Jain and Shreyashi Sanyal July 22 (Reuters) - U.S. stock indexes were set for a subdued open on Thursday after data showed an unexpected rise in weekly jobless claims, while a steady flow of positive earnings reports offered markets some support. AT&T Inc T.N added 0.9% in premarket trading as the telecom operator beat estimates for monthly phone bill paying subscriber additions in the second quarter, while chemicals maker Dow Inc DOW.N rose 1.3%after it forecast better-than-expected sales for the current quarter.
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American Airlines Group Inc AAL.O reported a quarterly profit, but its shares fell 2%. The Labor Department's report showed the number of Americans filing new claims for unemployment benefits increased by 51,000 to a seasonally adjusted 419,000 for the week ended July 17. [nL4N2OY1QT] Healthcare companies including, drugmaker Biogen Inc BIIB.O rose 0.9% on raising its full-year revenue expectations, while medical device maker Abbott Laboratories ABT.N added 0.2% after its quarterly profit more than doubled.
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4297.0
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2021-07-22 00:00:00 UTC
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US STOCKS-Wall Street inches higher in pivot back to growth stocks
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-street-inches-higher-in-pivot-back-to-growth-stocks-2021-07-22
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By Stephen Culp
NEW YORK, July 22 (Reuters) - Wall Street edged higher on Thursday, as lackluster economic data and mixed corporate earnings sent investors back to growth stocks.
A pull-back in economically sensitive cyclicals kept the S&P 500's the blue-chip Dow's gains muted, while small-caps .RUT underperformed their larger rivals.
But megacap market leaders such as Apple Inc AAPL.O, Amazon.com AMZN.O, Facebook Inc FB.O, Google-owner Alphabet Inc GOOGL.O and Microsoft Corp MSFT.O rose ahead of their quarterly results next week, putting the tech-laden Nasdaq out front.
All three major U.S. stock indexes currently stand within 0.5% of their record closing highs
Growth stocks .IGX, which outperformed throughout the health crisis, were back in favor, gaining 0.7%, while the value index .IVX lost altitude.
The number of U.S. workers filing first-time applications for unemployment benefits USJOB=ECI spiked unexpectedly to 419,000 last week, a two-month high, according to the Labor Department.
"The market got spooked over jobless claims, but investors remain focused on earnings instead of the macro data," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. "And earnings so far are better than expected. It’s a market that’s priced to its heights and there’s no room for mistakes."
Market participants are closely watching labor market indicators for hints as to when the Federal Reserve, expected to convene next week for its two-day monetary policy meeting, will begin discussions about hiking key interest rates from near zero.
Benchmark Treasury yields eased after the bid at the largest-ever TIPS auction touched a record low, pressuring rate sensitive banks.
The Dow Jones Industrial Average .DJI rose 55.65 points, or 0.16%, to 34,853.65, the S&P 500 .SPX gained 8.84 points, or 0.20%, to 4,367.53 and the Nasdaq Composite .IXIC added 56.12 points, or 0.38%, to 14,688.07.
Of the 11 major sectors of the S&P 500, tech .SPLRCT was shining brightest, gaining 0.7%. Financial stocks .SPSY suffered the largest percentage drop.
Second-quarter reporting season barreled ahead at full-throttle, with 104 of the companies in the S&P 500 having reported. Of those, 88% have beaten consensus estimates, according to Refinitiv.
Analysts currently see aggregate year-on-year S&P earnings growth of 76.5% for the April to June period, a substantial increase from the 54% projected at the beginning of the quarter.
Drugmaker Biogen Inc BIIB.O gained 1.2% after hiking its full-year revenue guidance, while Domino's Pizza Inc DPZ.N surged 14.2% to an all-time high on the heels of its quarterly report.
Southwest Airlines Co LUV.N posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc AAL.O dipped 1.5% even after reporting a quarterly profit.
The S&P 1500 Airlines index .SPCOMAIR was off 1.6%.
Shares of Texas Instruments Inc TXN.O slid 5.0% after its current-quarter revenue forecast cast concerns as to whether chipmaker will be able to meet spiking demand in the face of a global semiconductor shortage.
The Philadelphia SE Semiconductor index .SOX was last down over 1%.
Declining issues outnumbered advancing ones on the NYSE by a 1.70-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored decliners.
The S&P 500 posted 38 new 52-week highs and no new lows; the Nasdaq Composite recorded 60 new highs and 41 new lows.
(Reporting by Stephen Culp" Additonal reporting by Devik Jain and Shreyashi Sanyal in Bengaluru Editing by Marguerita Choy)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
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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Southwest Airlines Co LUV.N posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc AAL.O dipped 1.5% even after reporting a quarterly profit. By Stephen Culp NEW YORK, July 22 (Reuters) - Wall Street edged higher on Thursday, as lackluster economic data and mixed corporate earnings sent investors back to growth stocks. But megacap market leaders such as Apple Inc AAPL.O, Amazon.com AMZN.O, Facebook Inc FB.O, Google-owner Alphabet Inc GOOGL.O and Microsoft Corp MSFT.O rose ahead of their quarterly results next week, putting the tech-laden Nasdaq out front.
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Southwest Airlines Co LUV.N posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc AAL.O dipped 1.5% even after reporting a quarterly profit. By Stephen Culp NEW YORK, July 22 (Reuters) - Wall Street edged higher on Thursday, as lackluster economic data and mixed corporate earnings sent investors back to growth stocks. All three major U.S. stock indexes currently stand within 0.5% of their record closing highs Growth stocks .IGX, which outperformed throughout the health crisis, were back in favor, gaining 0.7%, while the value index .IVX lost altitude.
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Southwest Airlines Co LUV.N posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc AAL.O dipped 1.5% even after reporting a quarterly profit. All three major U.S. stock indexes currently stand within 0.5% of their record closing highs Growth stocks .IGX, which outperformed throughout the health crisis, were back in favor, gaining 0.7%, while the value index .IVX lost altitude. Market participants are closely watching labor market indicators for hints as to when the Federal Reserve, expected to convene next week for its two-day monetary policy meeting, will begin discussions about hiking key interest rates from near zero.
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Southwest Airlines Co LUV.N posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc AAL.O dipped 1.5% even after reporting a quarterly profit. All three major U.S. stock indexes currently stand within 0.5% of their record closing highs Growth stocks .IGX, which outperformed throughout the health crisis, were back in favor, gaining 0.7%, while the value index .IVX lost altitude. "And earnings so far are better than expected.
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4298.0
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2021-07-22 00:00:00 UTC
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Should You Pick Alaska Airlines Stock Post Earnings?
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AAL
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https://www.nasdaq.com/articles/should-you-pick-alaska-airlines-stock-post-earnings-2021-07-22
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nan
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[Updated 07/20/2021]
The shares of Alaska Airlines (NYSE: ALK) have lost 20% in value since April as concerns of a fourth coronavirus wave lowered investor confidence in the airline and hotel industries. Government aid has been assisting payroll support during the pandemic, but the second quarter earnings are likely to remain negative. Moreover, the second quarter revenues are likely to contract by 38% (y-o-y). However, Trefis believes that the recent dip in the stock price is an opportunity for gains given there was just $234 million operating cash outflow last year. We highlight the quarterly trends in revenues, earnings, stock price, and expectations for Q2 2020 in an interactive dashboard analysis, Alaska Airlines Earnings Preview.
How did Alaska Airlines perform during the first quarter?
In Q1, Southwest Airlines reported a 51% (y-o-y) contraction in net revenues and a 32% (y-o-y) reduction in capacity (available seat miles). The company reported a net loss of $131 million and $167 million of operating cash. Given the suspension of dividends and share buybacks, the operating cash supported $27 million of capital expenses and certain short-term investments. On the operational front, occupancy rate improved by 6-percentage-points (q-o-q) to 52% assisted by rising demand and efficient capacity utilization. Considering the ongoing improvement in passenger figures during the second quarter, the company is expected to post better financial and operational metrics.
[Updated 02/25/2021] – Should The Rally Continue In Alaska Air Group Stock?
The shares of Alaska Air Group (NYSE: ALK) have rallied 20% in the past month reaching the pre-Covid level as the U.S. government granted a second round of payroll support to airlines. Interestingly, the shares of popular online travel company Expedia (NASDAQ: EXPE) have shot beyond February 2020 highs despite the near-term lull in travel demand. Does this indicate a buying opportunity in ALK stock? Given the recently published travel outlook by Expedia, air travel is expected to boom later during the year with the young population (Millennials and Gen Z) traveling the most. Trefis compares the historical stock price trends between airline stocks and Expedia in an interactive dashboard analysis, ALK Stock Has 53% Chance Of A Rise Over The Next Month After Rising 11% In The Last 5
Airline and OTA stocks have outperformed broader markets this year
In the past 21 days, Alaska Air, JetBlue, and Spirit Airlines stocks have gained 16%, 21%, and 33%, respectively – fairly in-line with the 16% rally observed in EXPE stock. Looking at the past five-day and ten-day performance, the rally seems to be growing stronger despite a stagnation observed in broader markets. Per annual filings, Alaska Air and Expedia observed a similar 60% (y-o-y) contraction in their top line as travel demand fell to multi-year lows due to the pandemic.
Does the rally in EXPE indicate a buying opportunity in ALK?
With companies implementing cost control and cash preservation measures, the ratio of operating cash outflow and market capitalization can be considered as a measure of operational efficiency. Alaska Air burned $1 billion (operating cash outflow) in 2020 (excluding the impact of payroll support) and its current market capitalization stands at $7.9 billion. Similarly, Expedia burned $3.8 billion (operating cash outflow) and its current market capitalization stands at $23 billion. ALK and EXPE’s cash burn to market capitalization ratio is 12.6% and 16.5%, respectively.
By achieving a similar level of operational efficiency during the pandemic, a strong rally in one creates a price discontinuity in the other. Therefore, we believe that ALK stock has room for more growth largely due to stringent cost control measures, ongoing government support, and expectations of a quick rebound in travel demand.
Is there a better investment over Alaska Airlines? Alaska Airlines Stock Comparison With Peers summarizes how ALK compares against peers on metrics that matter. You can find more such useful comparisons on Peer Comparisons.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
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 shares of Alaska Air Group (NYSE: ALK) have rallied 20% in the past month reaching the pre-Covid level as the U.S. government granted a second round of payroll support to airlines. Per annual filings, Alaska Air and Expedia observed a similar 60% (y-o-y) contraction in their top line as travel demand fell to multi-year lows due to the pandemic. Therefore, we believe that ALK stock has room for more growth largely due to stringent cost control measures, ongoing government support, and expectations of a quick rebound in travel demand.
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We highlight the quarterly trends in revenues, earnings, stock price, and expectations for Q2 2020 in an interactive dashboard analysis, Alaska Airlines Earnings Preview. Trefis compares the historical stock price trends between airline stocks and Expedia in an interactive dashboard analysis, ALK Stock Has 53% Chance Of A Rise Over The Next Month After Rising 11% In The Last 5 Airline and OTA stocks have outperformed broader markets this year In the past 21 days, Alaska Air, JetBlue, and Spirit Airlines stocks have gained 16%, 21%, and 33%, respectively – fairly in-line with the 16% rally observed in EXPE stock. Similarly, Expedia burned $3.8 billion (operating cash outflow) and its current market capitalization stands at $23 billion.
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Trefis compares the historical stock price trends between airline stocks and Expedia in an interactive dashboard analysis, ALK Stock Has 53% Chance Of A Rise Over The Next Month After Rising 11% In The Last 5 Airline and OTA stocks have outperformed broader markets this year In the past 21 days, Alaska Air, JetBlue, and Spirit Airlines stocks have gained 16%, 21%, and 33%, respectively – fairly in-line with the 16% rally observed in EXPE stock. With companies implementing cost control and cash preservation measures, the ratio of operating cash outflow and market capitalization can be considered as a measure of operational efficiency. Alaska Air burned $1 billion (operating cash outflow) in 2020 (excluding the impact of payroll support) and its current market capitalization stands at $7.9 billion.
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However, Trefis believes that the recent dip in the stock price is an opportunity for gains given there was just $234 million operating cash outflow last year. How did Alaska Airlines perform during the first quarter? Trefis compares the historical stock price trends between airline stocks and Expedia in an interactive dashboard analysis, ALK Stock Has 53% Chance Of A Rise Over The Next Month After Rising 11% In The Last 5 Airline and OTA stocks have outperformed broader markets this year In the past 21 days, Alaska Air, JetBlue, and Spirit Airlines stocks have gained 16%, 21%, and 33%, respectively – fairly in-line with the 16% rally observed in EXPE stock.
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4299.0
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2021-07-22 00:00:00 UTC
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American Airlines posts second-quarter profit as leisure travel recovers
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AAL
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https://www.nasdaq.com/articles/american-airlines-posts-second-quarter-profit-as-leisure-travel-recovers-2021-07-22
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July 22 (Reuters) - American Airlines Group Inc AAL.O on Thursday posted a quarterly profit compared with a year-ago loss on the back of a recovery in travel demand, as more Americans gear up for flights after getting vaccinated.
The U.S airline posted a net income of $19 million, or 3 cents per share, in the quarter ended June 30, compared with a loss of $2.07 billion, or $4.82 per share, a year earlier.
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
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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July 22 (Reuters) - American Airlines Group Inc AAL.O on Thursday posted a quarterly profit compared with a year-ago loss on the back of a recovery in travel demand, as more Americans gear up for flights after getting vaccinated. The U.S airline posted a net income of $19 million, or 3 cents per share, in the quarter ended June 30, compared with a loss of $2.07 billion, or $4.82 per share, a year earlier. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) 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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July 22 (Reuters) - American Airlines Group Inc AAL.O on Thursday posted a quarterly profit compared with a year-ago loss on the back of a recovery in travel demand, as more Americans gear up for flights after getting vaccinated. The U.S airline posted a net income of $19 million, or 3 cents per share, in the quarter ended June 30, compared with a loss of $2.07 billion, or $4.82 per share, a year earlier. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) 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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July 22 (Reuters) - American Airlines Group Inc AAL.O on Thursday posted a quarterly profit compared with a year-ago loss on the back of a recovery in travel demand, as more Americans gear up for flights after getting vaccinated. The U.S airline posted a net income of $19 million, or 3 cents per share, in the quarter ended June 30, compared with a loss of $2.07 billion, or $4.82 per share, a year earlier. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) 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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July 22 (Reuters) - American Airlines Group Inc AAL.O on Thursday posted a quarterly profit compared with a year-ago loss on the back of a recovery in travel demand, as more Americans gear up for flights after getting vaccinated. The U.S airline posted a net income of $19 million, or 3 cents per share, in the quarter ended June 30, compared with a loss of $2.07 billion, or $4.82 per share, a year earlier. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) 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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