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4800.0
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2021-01-13 00:00:00 UTC
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EXCLUSIVE-U.S. FAA chief orders 'zero tolerance' for disruptive airline passengers, possibly jail
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AAL
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https://www.nasdaq.com/articles/exclusive-u.s.-faa-chief-orders-zero-tolerance-for-disruptive-airline-passengers-possibly
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nan
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nan
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By David Shepardson
WASHINGTON, Jan 13 (Reuters) - U.S. Federal Aviation Administration chief Steve Dickson signed an order on Wednesday directing the agency to take a "zero tolerance policy" after supporters of U.S. President Donald Trump were disruptive on some recent flights.
Dickson told Reuters the FAA’s special emphasis program would last through March 30 and warned disruptive passengers could face up to $35,000 fines and possible jail time. He emphasized the agency will not issue warning letters or negotiate penalties.
"We will no longer adjudicate certain of these unruly passenger cases with counseling or warnings. We're going to go straight to enforcement," Dickson said in an interview.
He said he briefed airlines on the new policy. "We've seen a disturbing increase in these incidents.... We'll take the strongest possible enforcement action against any passenger who engages in it."
Dickson said the FAA could refer cases for criminal prosecution to the Justice Department, which could seek sentences of up to 20 years for flight disturbances.
Numerous videos have been posted of unruly behavior on Washington flights, including one American Airlines AAL.O flight to Phoenix in which the pilot threatened to divert "to the middle of Kansas and dump people off."
A flight attendants union had urged airlines to bar Trump supporters who stormed the Capitol from departing Washington on commercial flights after exhibiting "mob mentality behavior" on flights into the region.
On Friday, Alaska Airlines ALK.N said it banned 14 passengers from future travel after "unacceptable" behavior on a flight from Washington to Seattle.
U.S airlines and law enforcement agencies have bolstered security at Washington-area airports with Capitol Police now assigned to DC airports to ensure lawmaker safety after videos emerged of lawmakers being harassed in airport terminals.
On Tuesday, Senate Democratic leader Chuck Schumer said Trump supporters who breached the U.S. Capitol should be banned from flying and added to a government "no-fly" list.
(Reporting by David Shepardson Editing by Chris Reese and David Gregorio)
((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.
|
Numerous videos have been posted of unruly behavior on Washington flights, including one American Airlines AAL.O flight to Phoenix in which the pilot threatened to divert "to the middle of Kansas and dump people off." By David Shepardson WASHINGTON, Jan 13 (Reuters) - U.S. Federal Aviation Administration chief Steve Dickson signed an order on Wednesday directing the agency to take a "zero tolerance policy" after supporters of U.S. President Donald Trump were disruptive on some recent flights. Dickson told Reuters the FAA’s special emphasis program would last through March 30 and warned disruptive passengers could face up to $35,000 fines and possible jail time.
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Numerous videos have been posted of unruly behavior on Washington flights, including one American Airlines AAL.O flight to Phoenix in which the pilot threatened to divert "to the middle of Kansas and dump people off." By David Shepardson WASHINGTON, Jan 13 (Reuters) - U.S. Federal Aviation Administration chief Steve Dickson signed an order on Wednesday directing the agency to take a "zero tolerance policy" after supporters of U.S. President Donald Trump were disruptive on some recent flights. A flight attendants union had urged airlines to bar Trump supporters who stormed the Capitol from departing Washington on commercial flights after exhibiting "mob mentality behavior" on flights into the region.
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Numerous videos have been posted of unruly behavior on Washington flights, including one American Airlines AAL.O flight to Phoenix in which the pilot threatened to divert "to the middle of Kansas and dump people off." By David Shepardson WASHINGTON, Jan 13 (Reuters) - U.S. Federal Aviation Administration chief Steve Dickson signed an order on Wednesday directing the agency to take a "zero tolerance policy" after supporters of U.S. President Donald Trump were disruptive on some recent flights. A flight attendants union had urged airlines to bar Trump supporters who stormed the Capitol from departing Washington on commercial flights after exhibiting "mob mentality behavior" on flights into the region.
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Numerous videos have been posted of unruly behavior on Washington flights, including one American Airlines AAL.O flight to Phoenix in which the pilot threatened to divert "to the middle of Kansas and dump people off." By David Shepardson WASHINGTON, Jan 13 (Reuters) - U.S. Federal Aviation Administration chief Steve Dickson signed an order on Wednesday directing the agency to take a "zero tolerance policy" after supporters of U.S. President Donald Trump were disruptive on some recent flights. He emphasized the agency will not issue warning letters or negotiate penalties.
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4801.0
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2021-01-13 00:00:00 UTC
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American Airlines Collaborates With JetBlue to Expand Travel Options
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AAL
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https://www.nasdaq.com/articles/american-airlines-collaborates-with-jetblue-to-expand-travel-options-2021-01-13
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nan
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nan
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Shares of American Airlines ended yesterday's session up 2.5% after the company announced its strategic alliance with JetBlue that will offer travelers more route options when flying to and from New York and Boston.
American Airlines’ (AAL) Chief Revenue Officer said in a statement that the collaboration will enable the companies to operate the biggest network in the Northeast and will accelerate each airlines' recovery from the pandemic.
Senate Majority Leader, Chuck Schumer, was pleased by the deal, saying, “I am glad to see JetBlue and American Airlines collaborating on innovative solutions to save thousands more jobs in a way that also expands New Yorkers’ travel options.”
The alliance will allow customers flying in and out of New York and Boston to enjoy a smoother experience across both airlines. Travelers will benefit from an expanded network of flights, convenient connections and access to loyalty benefits.
JetBlue will increase its presence significantly at LaGuardia and will offer up to 70 daily flights in and out of Newark airport. American Airlines will add two more international flights to Tel Aviv and Athens.
The Department of Transportation (DOT) has approved the alliance on the condition that the two airline companies make certain commitments to delivering consumer benefits and not hurting competition. (See AAL stock analysis on TipRanks)
Cowen & Co. analyst Helane Becker downgraded her rating on AAL two days ago from a Buy to a Hold and revised her price target down from $16 to $15. This implies that AAL shares are fully priced at current levels.
Commenting on the economic recovery of the airlines and other in-person industries, Becker told NBC news that “Air travel gives people hope… but you can’t travel if nothing is open.”
Consensus among analysts is a Moderate Sell based on 1 Buy, 3 Holds and 5 Sells. The average price target of $13.60 suggests downside potential of around 12% over the next 12 months.
Hedge Fund confidence is currently Very Negative based on 6 Hedge Funds that cumulatively sold 3.7 million AAL shares in the last quarter.
Related News:
Boeing Jet Deliveries Down 59% In 2020; Street Says Hold
Steris To Buy Rival Cantel Medical For $3.6B
Zoom Announces $1.75B Public Offering; Sells 1M Phone Seats
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines’ (AAL) Chief Revenue Officer said in a statement that the collaboration will enable the companies to operate the biggest network in the Northeast and will accelerate each airlines' recovery from the pandemic. (See AAL stock analysis on TipRanks) Cowen & Co. analyst Helane Becker downgraded her rating on AAL two days ago from a Buy to a Hold and revised her price target down from $16 to $15. This implies that AAL shares are fully priced at current levels.
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American Airlines’ (AAL) Chief Revenue Officer said in a statement that the collaboration will enable the companies to operate the biggest network in the Northeast and will accelerate each airlines' recovery from the pandemic. (See AAL stock analysis on TipRanks) Cowen & Co. analyst Helane Becker downgraded her rating on AAL two days ago from a Buy to a Hold and revised her price target down from $16 to $15. This implies that AAL shares are fully priced at current levels.
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American Airlines’ (AAL) Chief Revenue Officer said in a statement that the collaboration will enable the companies to operate the biggest network in the Northeast and will accelerate each airlines' recovery from the pandemic. (See AAL stock analysis on TipRanks) Cowen & Co. analyst Helane Becker downgraded her rating on AAL two days ago from a Buy to a Hold and revised her price target down from $16 to $15. This implies that AAL shares are fully priced at current levels.
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(See AAL stock analysis on TipRanks) Cowen & Co. analyst Helane Becker downgraded her rating on AAL two days ago from a Buy to a Hold and revised her price target down from $16 to $15. American Airlines’ (AAL) Chief Revenue Officer said in a statement that the collaboration will enable the companies to operate the biggest network in the Northeast and will accelerate each airlines' recovery from the pandemic. This implies that AAL shares are fully priced at current levels.
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4802.0
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2021-01-12 00:00:00 UTC
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U.S. to require negative COVID-19 tests for international air passengers -sources
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AAL
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https://www.nasdaq.com/articles/u.s.-to-require-negative-covid-19-tests-for-international-air-passengers-sources-2021-01
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nan
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nan
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By David Shepardson
WASHINGTON, Jan 12 (Reuters) - The head of the U.S. Centers for Disease Control and Prevention (CDC) is expected to sign an order on Tuesday expanding coronavirus testing requirements for nearly all international air travelers, not just from Britain, sources briefed on the matter told Reuters.
The new rules are to take effect two weeks from the day they are signed by CDC Director Mark Redfield, which would be Jan. 26.
The CDC has been urgently pressing for an expansion of the requirements with the Trump administration for weeks. One remaining issue is how to address some countries that have limited testing capacity and how the CDC would address travel to those countries, the sources said.
The CDC on Dec. 28 began requiring almost all airline passengers arriving from Britain - including U.S. citizens - to test negative for COVID-19 within 72 hours of departure. Those under 2 and passengers connecting through the UK are exempt.
Canada imposed similar rules for nearly all international arrivals starting Jan. 7, as have many other countries.
At a White House meeting on Monday, Redfield again made an urgent case to adopt the testing requirements as new strains of COVID-19 are identified in different parts of the world. He raised concerns that vaccines could potentially not be effective against new strains, sources said.
U.S. officials do not plan to drop restrictions that were adopted starting in March that ban most non-U.S. citizens who have been in most of Europe, the United Kingdom and Brazil as soon as possible, the sources said. They added that public health officials are sympathetic to the push to lift the restrictions that apply only to a limited number of countries.
Earlier this month, major U.S. airlines backed the CDC's push to implement a global testing program requiring negative tests for most international air passengers returning to the United States.
Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers, also urged the Trump administration to lift European and Brazilian entry restrictions as part of the testing expansion.
(Reporting by David Shepardson; Editing by Chris Reese and Dan Grebler)
((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.
|
Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers, also urged the Trump administration to lift European and Brazilian entry restrictions as part of the testing expansion. The CDC on Dec. 28 began requiring almost all airline passengers arriving from Britain - including U.S. citizens - to test negative for COVID-19 within 72 hours of departure. At a White House meeting on Monday, Redfield again made an urgent case to adopt the testing requirements as new strains of COVID-19 are identified in different parts of the world.
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Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers, also urged the Trump administration to lift European and Brazilian entry restrictions as part of the testing expansion. By David Shepardson WASHINGTON, Jan 12 (Reuters) - The head of the U.S. Centers for Disease Control and Prevention (CDC) is expected to sign an order on Tuesday expanding coronavirus testing requirements for nearly all international air travelers, not just from Britain, sources briefed on the matter told Reuters. The CDC on Dec. 28 began requiring almost all airline passengers arriving from Britain - including U.S. citizens - to test negative for COVID-19 within 72 hours of departure.
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Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers, also urged the Trump administration to lift European and Brazilian entry restrictions as part of the testing expansion. By David Shepardson WASHINGTON, Jan 12 (Reuters) - The head of the U.S. Centers for Disease Control and Prevention (CDC) is expected to sign an order on Tuesday expanding coronavirus testing requirements for nearly all international air travelers, not just from Britain, sources briefed on the matter told Reuters. Earlier this month, major U.S. airlines backed the CDC's push to implement a global testing program requiring negative tests for most international air passengers returning to the United States.
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Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers, also urged the Trump administration to lift European and Brazilian entry restrictions as part of the testing expansion. The new rules are to take effect two weeks from the day they are signed by CDC Director Mark Redfield, which would be Jan. 26. The CDC has been urgently pressing for an expansion of the requirements with the Trump administration for weeks.
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4803.0
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2021-01-12 00:00:00 UTC
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What Is Driving The Rally In Spirit Aerosystems Stock?
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AAL
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https://www.nasdaq.com/articles/what-is-driving-the-rally-in-spirit-aerosystems-stock-2021-01-12
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nan
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nan
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Shares of Spirit Aerosystems (NYSE: SPR) have rallied by over 110% since November 2020 when Pfizer reported a high efficacy rate of its vaccine and the FAA lifted its ban on MAX aircraft. Investor optimism towards the company that manufactures fuselage, propulsion, and wings for Boeing and Airbus drove this rally.
While the shares have more than doubled over the past few months, Trefis believes that subdued air travel demand is likely to remain a challenge for aircraft manufactures as most airlines continue to cut down on capital expenses. Per recent filings, Boeing expects its production rate to remain stalled until 2022, and Spirit Aerosystems generates 79% of its revenues from Boeing. Thus, the likelihood of a further uptick in the stock remains low.
Notably, a gradual recovery in SPR’s stock price also looks likely on comparing the trajectory in Spirit Aerosystems’ stock during the current crisis with that during the 2008 recession.
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 68% 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 SPR 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)
Spirit Aerosystems Stock vs S&P 500 Performance Over 2007-08 Financial Crisis
SPR stock declined from levels of around $38 in September 2007 to levels of around $10 in March 2009 (as the markets bottomed out), implying SPR stock lost 74% from its pre-crisis level. It recovered post the 2008 crisis to levels of about $20 in early 2010 – rising by 100% 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.
Spirit Aerosystems Fundamentals prior to the MAX crisis were stable
SPR’s Revenues grew by 16% from $6.8 billion in 2016 to $7.9 billion in 2019, supported by rising production volumes and order backlog. The company’s margins remained relatively stable while the EPS jumped by 37% due to lower shares outstanding. Since the suspension of MAX production in December 2019, the company’s revenues have observed a steep contraction which continued in Q3 2020.
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
July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment
Given the reduction in the 10-year commercial aircraft market outlook by Boeing during the third quarter, a high inventory level, and a low production rate, Trefis believes that the likelihood of a further uptick in Spirit Aerosystems stock remains low.
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.
|
Shares of Spirit Aerosystems (NYSE: SPR) have rallied by over 110% since November 2020 when Pfizer reported a high efficacy rate of its vaccine and the FAA lifted its ban on MAX aircraft. While the shares have more than doubled over the past few months, Trefis believes that subdued air travel demand is likely to remain a challenge for aircraft manufactures as most airlines continue to cut down on capital expenses. 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 July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Given the reduction in the 10-year commercial aircraft market outlook by Boeing during the third quarter, a high inventory level, and a low production rate, Trefis believes that the likelihood of a further uptick in Spirit Aerosystems stock remains low.
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Per recent filings, Boeing expects its production rate to remain stalled until 2022, and Spirit Aerosystems generates 79% of its revenues from Boeing. 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) Spirit Aerosystems Stock vs S&P 500 Performance Over 2007-08 Financial Crisis SPR stock declined from levels of around $38 in September 2007 to levels of around $10 in March 2009 (as the markets bottomed out), implying SPR stock lost 74% from its pre-crisis level. 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 July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Given the reduction in the 10-year commercial aircraft market outlook by Boeing during the third quarter, a high inventory level, and a low production rate, Trefis believes that the likelihood of a further uptick in Spirit Aerosystems stock remains low.
|
Notably, a gradual recovery in SPR’s stock price also looks likely on comparing the trajectory in Spirit Aerosystems’ stock during the current crisis with that during the 2008 recession. 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) Spirit Aerosystems Stock vs S&P 500 Performance Over 2007-08 Financial Crisis SPR stock declined from levels of around $38 in September 2007 to levels of around $10 in March 2009 (as the markets bottomed out), implying SPR stock lost 74% from its pre-crisis level. 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 July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Given the reduction in the 10-year commercial aircraft market outlook by Boeing during the third quarter, a high inventory level, and a low production rate, Trefis believes that the likelihood of a further uptick in Spirit Aerosystems stock remains low.
|
Per recent filings, Boeing expects its production rate to remain stalled until 2022, and Spirit Aerosystems generates 79% of its revenues from Boeing. 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) Spirit Aerosystems Stock vs S&P 500 Performance Over 2007-08 Financial Crisis SPR stock declined from levels of around $38 in September 2007 to levels of around $10 in March 2009 (as the markets bottomed out), implying SPR stock lost 74% from its pre-crisis level. 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 July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Given the reduction in the 10-year commercial aircraft market outlook by Boeing during the third quarter, a high inventory level, and a low production rate, Trefis believes that the likelihood of a further uptick in Spirit Aerosystems stock remains low.
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4804.0
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2021-01-11 00:00:00 UTC
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U.S. House Democrats urge FAA to work to avoid civil unrest on flights
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AAL
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https://www.nasdaq.com/articles/u.s.-house-democrats-urge-faa-to-work-to-avoid-civil-unrest-on-flights-2021-01-11
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nan
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nan
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By David Shepardson
WASHINGTON, Jan 11 (Reuters) - Two senior House Democrats overseeing aviation issues urged the head of the Federal Aviation Administration on Monday to work with U.S. airlines to prevent civil unrest from jeopardizing safety, according to a letter seen by Reuters.
Representative Peter DeFazio, who chairs the Transportation and Infrastructure Committee, and Representative Rick Larsen who oversees an aviation subcommittee urged FAA Administrator Steve Dickson "to limit the chance that the nation's commercial airline system could be used as a means of mass transportation to Washington, D.C., for further violence in connection with the inauguration" of President-elect Joe Biden on Jan. 20.
The FAA did not immediately comment.
"We respectfully urge the FAA and the aviation community to think creatively on what authorities or additional measures will reduce the possibility of unruly and disruptive behavior on aircraft over the next nine days as well as that of insurrectionists exploiting the freedom to fly to carry out nefarious schemes against democracy," the letter said.
On Saturday, Dickson vowed to take "strong enforcement action" against unruly passengers following reports of supporters of U.S. President Donald Trump disrupting flights returning from Washington.
Dickson said the "FAA will pursue strong enforcement action against anyone who endangers the safety of a flight, with penalties ranging from monetary fines to jail time."
Last week, the flight attendants union said Trump supporters who stormed the Capitol should not be allowed to depart Washington on commercial flights after exhibiting "mob mentality behavior" on flights into the region.
Alaska Airlines ALK.N said on Friday it banned 14 passengers from future travel after "unacceptable" behavior on a flight from Washington to Seattle.
U.S airlines and law enforcement agencies bolstered security at Washington-area airports last week after reports of disruptive behavior by some Trump supporters on flights into the region, which raised concern about their departure.
Republican Senator Lindsey Graham was harassed on Friday by supporters of Trump and called a "traitor" at Washington's Reagan National Airport before departing on a flight, according to videos posted on social media. U.S. Capitol Police are temporarily posting officers at DC-area airports to ensure lawmaker safety, a U.S. official said on Saturday.
There have been numerous videos posted of unruly behavior on Washington flights, including one American Airlines AAL.O flight to Phoenix in which the pilot threatened to divert "to the middle of Kansas and dump people off."
(Reporting by David Shepardson Editing by Bill Berkrot)
((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.
|
There have been numerous videos posted of unruly behavior on Washington flights, including one American Airlines AAL.O flight to Phoenix in which the pilot threatened to divert "to the middle of Kansas and dump people off." "We respectfully urge the FAA and the aviation community to think creatively on what authorities or additional measures will reduce the possibility of unruly and disruptive behavior on aircraft over the next nine days as well as that of insurrectionists exploiting the freedom to fly to carry out nefarious schemes against democracy," the letter said. U.S airlines and law enforcement agencies bolstered security at Washington-area airports last week after reports of disruptive behavior by some Trump supporters on flights into the region, which raised concern about their departure.
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There have been numerous videos posted of unruly behavior on Washington flights, including one American Airlines AAL.O flight to Phoenix in which the pilot threatened to divert "to the middle of Kansas and dump people off." On Saturday, Dickson vowed to take "strong enforcement action" against unruly passengers following reports of supporters of U.S. President Donald Trump disrupting flights returning from Washington. U.S airlines and law enforcement agencies bolstered security at Washington-area airports last week after reports of disruptive behavior by some Trump supporters on flights into the region, which raised concern about their departure.
|
There have been numerous videos posted of unruly behavior on Washington flights, including one American Airlines AAL.O flight to Phoenix in which the pilot threatened to divert "to the middle of Kansas and dump people off." Representative Peter DeFazio, who chairs the Transportation and Infrastructure Committee, and Representative Rick Larsen who oversees an aviation subcommittee urged FAA Administrator Steve Dickson "to limit the chance that the nation's commercial airline system could be used as a means of mass transportation to Washington, D.C., for further violence in connection with the inauguration" of President-elect Joe Biden on Jan. 20. Last week, the flight attendants union said Trump supporters who stormed the Capitol should not be allowed to depart Washington on commercial flights after exhibiting "mob mentality behavior" on flights into the region.
|
There have been numerous videos posted of unruly behavior on Washington flights, including one American Airlines AAL.O flight to Phoenix in which the pilot threatened to divert "to the middle of Kansas and dump people off." By David Shepardson WASHINGTON, Jan 11 (Reuters) - Two senior House Democrats overseeing aviation issues urged the head of the Federal Aviation Administration on Monday to work with U.S. airlines to prevent civil unrest from jeopardizing safety, according to a letter seen by Reuters. On Saturday, Dickson vowed to take "strong enforcement action" against unruly passengers following reports of supporters of U.S. President Donald Trump disrupting flights returning from Washington.
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4805.0
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2021-01-09 00:00:00 UTC
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Where to Invest $10,000 Right Now
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AAL
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https://www.nasdaq.com/articles/where-to-invest-%2410000-right-now-2021-01-09
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nan
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nan
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Let's be frank. $10,000 is quite a chunk of change. If you've accumulated $10,000, and are wondering where to invest it now, your first objective is probably making sure you don't lose $10,000 by making a bad bet. And yet, after seeing the stock market perform so well in 2020, you probably would like to make a bit of profit in 2021, too, right?
Lucky for you, you can have your cake and eat it, too.
How? First and foremost, limit the amount you can lose by investing in more than just one stock -- i.e., diversify. And second, buy stocks that are objectively cheap to limit your risk of overpaying, and maximize your chance that those stocks can grow. Three stocks that I think fit the bill on both counts are iRobot (NASDAQ: IRBT), LGI Homes (NASDAQ: LGIH), and Southwest Airlines (NYSE: LUV).
Image source: Getty Images.
iRobot
No doubt about it, iRobot had a great year in 2020. In all three quarters reported so far, the company beat Wall Street's earnings estimates -- including in the June quarter, when earnings of $1.06 per share more than tripled analyst expectations.
This was partly a function of the pandemic. With cleaning services banned from most peoples' homes, and quarantined families making more mess at home than usual, Roomba robotic vacuums and Braava robotic floor mops "resonated" with consumers, according to management. But really, with sales up only 12.5% year-over-year through Q3, 2020's performance was pretty consistent with the 11% sales growth seen in all of 2019.
For this reason, analyst predictions that iRobot will suffer a slowdown in sales growth this year (7%) and next (9%) might be overly cautious. Management noted last quarter that "even as the competition intensifies," iRobot remains the "undisputed global category leader" in robotic floor-cleaning products. So rather than interpret 2020's sales success as "pulling forward" into 2020 sales that would otherwise have happened in 2021 (thus sapping sales strength this year), I suspect customers newly introduced to the company's products during the pandemic may actually turn into repeat customers in years to come, upgrading Roomba and Braava models from one year to the next.
And how much will you have to pay for these growth prospects, you ask? Valued at just $2.3 billion in market capitalization, iRobot stock sells for less than 15 times trailing earnings, and barely 10x its $235 million in trailing free cash flow. In other words -- it's a bargain.
LGI Homes
Entry-level homes-builder LGI Homes is another bargain. Despite a stock price that rose 49% in 2020, LGI shares still sell for a low 10.7 times trailing earnings. True, when valued on free cash flow, they're a bit pricier -- 15.4x FCF -- but with analysts forecasting 15.5% earnings growth over the next five years, LGI Homes stock is clearly in "bargain" territory.
The big question is whether LGI Homes can live up to the growth expectations. So can it?
Well, in 2019 sales at LGI grew 22%, and 2020's pandemic hardly dented growth at all. Through the first three reported quarters of the year, LGI grew sales 19% -- and profits grew 65%. Heading into the new year, furthermore, sales should continue to grow. After management noted in its last earnings report that orders grew 80% year-over-year in Q3, my fellow Fool Tyler Crowe called LGI "one of the fastest growing home builders in America," adding further that the company's 25% gross profit margin is "blowing [competing homebuilder margins] out of the water."
With a bargain-basement valuation and tremendous growth ahead of it, LGI Homes stock looks like a great place to sock away part of that $10,000.
Southwest Airlines
Last but not least, I'm going to suggest taking a bit of a flier (if you'll pardon the pun) on a pandemic rebound play: Southwest Airlines.
Now, I won't try to sugarcoat this: The pandemic has been horrible for airline stocks, devastating demand for travel, and at least initially forcing those airplanes that were still flying to do so with limited passenger loads. (Southwest Airlines is no longer limiting capacity on its flights, although it is warning passengers when flights are expected to be more than 65% full so that they can reschedule if they want to.)
Unsurprisingly, this has done Southwest's revenues and profits no favors. Sales through the end of Q3 2020 declined 58% year-over-year, and instead of the $1.8 billion in profits Southwest had earned by this time last year, it's now looking at a $2.2 billion loss (which will probably get worse by the time Q4 results arrive).
All that being said, analysts expect Southwest's business to turn "green" again in 2021, as vaccines roll out and travelers resume traveling. Profits should return to 2019 levels within the next two to three years, and if you can be patient that long -- well, at just under $30 billion in market cap, Southwest shares currently sell for just 13 times 2019 earnings, and only about 10x 2019 free cash flow.
Southwest already looks like one of the strongest-positioned airlines in the industry, with a balance sheet that is net-cash positive and a cash flow statement that shows operating cash flow is also positive -- the exact opposite of how things look at rivals Delta Air Lines, United Airlines, and American Airlines. As the American economy emerges from its pandemic hangover, I expect Southwest to be the strongest performer in the airline industry by far.
10 stocks we like better than Southwest Airlines
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*Stock Advisor returns as of November 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends iRobot. The Motley Fool owns shares of LGI Homes. The Motley Fool recommends Delta Air Lines and Southwest Airlines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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True, when valued on free cash flow, they're a bit pricier -- 15.4x FCF -- but with analysts forecasting 15.5% earnings growth over the next five years, LGI Homes stock is clearly in "bargain" territory. Now, I won't try to sugarcoat this: The pandemic has been horrible for airline stocks, devastating demand for travel, and at least initially forcing those airplanes that were still flying to do so with limited passenger loads. Profits should return to 2019 levels within the next two to three years, and if you can be patient that long -- well, at just under $30 billion in market cap, Southwest shares currently sell for just 13 times 2019 earnings, and only about 10x 2019 free cash flow.
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Through the first three reported quarters of the year, LGI grew sales 19% -- and profits grew 65%. Profits should return to 2019 levels within the next two to three years, and if you can be patient that long -- well, at just under $30 billion in market cap, Southwest shares currently sell for just 13 times 2019 earnings, and only about 10x 2019 free cash flow. The Motley Fool recommends Delta Air Lines and Southwest Airlines.
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Three stocks that I think fit the bill on both counts are iRobot (NASDAQ: IRBT), LGI Homes (NASDAQ: LGIH), and Southwest Airlines (NYSE: LUV). So rather than interpret 2020's sales success as "pulling forward" into 2020 sales that would otherwise have happened in 2021 (thus sapping sales strength this year), I suspect customers newly introduced to the company's products during the pandemic may actually turn into repeat customers in years to come, upgrading Roomba and Braava models from one year to the next. True, when valued on free cash flow, they're a bit pricier -- 15.4x FCF -- but with analysts forecasting 15.5% earnings growth over the next five years, LGI Homes stock is clearly in "bargain" territory.
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And yet, after seeing the stock market perform so well in 2020, you probably would like to make a bit of profit in 2021, too, right? LGI Homes Entry-level homes-builder LGI Homes is another bargain. Well, in 2019 sales at LGI grew 22%, and 2020's pandemic hardly dented growth at all.
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2021-01-08 00:00:00 UTC
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Now Is the Time to Pick Up American Airlines Stock
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AAL
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https://www.nasdaq.com/articles/now-is-the-time-to-pick-up-american-airlines-stock-2021-01-08
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
2021 is going to be a better year than 2020. That’s particularly good news for American Airlines (NASDAQ:AAL). After all, 2020 was an unsurprisingly ugly year for AAL stock. The novel coronavirus pandemic shut down the airline industry worldwide.
AAL) airplane waiting on the tarmac. Represents airline stocks." width="300" height="169">
Source: GagliardiPhotography / Shutterstock.com
In the second quarter, American’s revenue declined 86% year-over-year. On an adjusted basis, American lost $3.4 billion in three months — after earning $800 million during the same period the year before.
Of course, 2020 wasn’t just ugly for the airline’s business. It was a difficult year in many ways. As a society, however, we’re finally turning the corner on a return to normalcy. Few companies will get a bigger boost than major airlines like American.
A Better Year Ahead
There’s no need to belabor the point of what an awful year 2020 was. But 2021 is going to be better.
The rollout of a Covid-19 vaccine should help the U.S., and the world, finally get the coronavirus under control. Domestic and global economies are recovering. No doubt many are disappointed in the outcome of the U.S. elections, but hopefully the political temperature in this country should come down substantially over the next few months.
10 of 2020's Most Fascinating SPAC Stocks
I’m not dismissing the toll 2020 took, nor pretending that normalcy is just a few weeks away. There’s still plenty of work left to do. But we are heading in the right direction, if more slowly and more fitfully than some might hope.
Back to Normal
And a small beneficiary of that normalcy should be American Airlines. After all, it’s not as if 2020 highlighted something fundamentally wrong with the company’s business or its management. Flights were shut down. Business travel came to a halt, and recreational travel fell even further.
But the industry is recovering. American itself is offering preflight Covid-19 testing on some routes and should add to that program going forward. Expanded distribution of vaccines will further boost traveler confidence.
In fact, there’s going to be a significant amount of pent-up demand in the near term. Many consumers, particularly those who managed to avoid losing their jobs, have boosted their savings and no doubt are looking to travel as soon as it’s safe to do so. This is an industry that can make a lot of money in a hurry when travelers are flush and capacity is low. Both conditions are likely to be met in 2021 and 2022.
Bear in mind that before the pandemic, this was a business that was operating quite well. Pretax income (excluding special items) for full-year 2019 was $2.3 billion. Profit margins expanded nicely that year.
Indeed, the industry as a whole had rationalized capacity and largely stepped away from destructive price wars. AAL, simply put, was doing the right thing.
The pandemic brought all that to an end. But as the pandemic ends, the company will have a chance to regain its footing — and its profitability.
AAL Stock Is Cheap Enough
And in that outcome, AAL stock remains too cheap. Before the pandemic, American expected earnings of between $4 and $6 per share. It guided for free cash flow in 2020 and 2021 combined of some $6 billion.
AAL stock at the moment trades just above $15. Its market capitalization is $9.2 billion.
Even if American gets back halfway to where it expected to be in 2020 and 2021, the stock will look awfully cheap. That back-of-the-envelope model suggests earnings per share (EPS) in the range of $2 to $3. Free cash flow should be around $1.5 billion (given the projection for roughly $3 billion annually pre-pandemic).
So we’re looking at a stock trading at potentially 5x to 7x earnings and free cash flow. Airline stocks obviously don’t trade like tech stocks, but even in that context those multiples are dirt cheap.
Certainly, the rebound isn’t going to arrive immediately. 2021 is going to see lingering impacts of the pandemic. American had to borrow money to get through 2020, and that debt will add interest expense and suck up free cash flow.
But investors need to take the long view. That’s the argument I made in March, and it’s the same argument I’ll make now. Buying an attractive business at a single-digit multiple to earnings and cash flow is a good move, even if that multiple is a year or two out.
In the meantime, we’re in a market that to many investors looks expensive. There aren’t a lot of “cheap” stocks out there. There aren’t a lot of “return to normalcy” plays left that haven’t neared or surpassed pre-pandemic highs.
AAL stock checks both boxes. I expect investors will figure that out soon enough, meaning the stock will take off before its profits do.
On the date of publication, neither Matt McCall nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in the article.
Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Click here to see what Matt has up his sleeve now.
The post Now Is the Time to Pick Up American Airlines Stock 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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That’s particularly good news for American Airlines (NASDAQ:AAL). After all, 2020 was an unsurprisingly ugly year for AAL stock. AAL) airplane waiting on the tarmac.
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That’s particularly good news for American Airlines (NASDAQ:AAL). After all, 2020 was an unsurprisingly ugly year for AAL stock. AAL) airplane waiting on the tarmac.
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AAL Stock Is Cheap Enough And in that outcome, AAL stock remains too cheap. That’s particularly good news for American Airlines (NASDAQ:AAL). After all, 2020 was an unsurprisingly ugly year for AAL stock.
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That’s particularly good news for American Airlines (NASDAQ:AAL). After all, 2020 was an unsurprisingly ugly year for AAL stock. AAL) airplane waiting on the tarmac.
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2021-01-08 00:00:00 UTC
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Lots of Good News Baked into Boeing, But Risks Remain
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AAL
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https://www.nasdaq.com/articles/lots-of-good-news-baked-into-boeing-but-risks-remain
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Boeing (NYSE:BA) was hammered on multiple fronts last year as ongoing issues with the controversial 737 Max passenger jet lingered and the novel coronavirus pandemic punished Boeing stock, making it one of the worst-performing names in the Dow Jones Industrial Average.
BA) 737 max aircraft" width="300" height="169">
Source: Marco Menezes / Shutterstock.com
The prior year wasn’t a picnic, either. The aerospace and defense giant shed nearly a third of its value amid concerns that the company didn’t adequately address safety flaws with the 737 Max. These flaws led to a pair of fatal crashes. Then the novel coronavirus hit, stoking some speculation about Boeing’s survivability. The company was forced to suspend its dividend and borrow tens of billions of dollars.
As of the end of the third quarter, Boeing’s debt-to-equity ratio was -5.157x. And the company carries $172.8 billion in liabilities against $161.26 billion in assets, meaning shareholder equity is -$11.82 billion. Rival companies, such as Lockheed Martin (NYSE:LMT) and General Dynamics (NYSE:GD), have positive debt-to-equity ratios.
Still, BA stock is up 137.11% from its March 2020 trough. Investors are increasingly comfortable wagering the worst of the 737 Max and coronavirus crises are behind the company. Maybe. Maybe not. Either way, investors speculating that a rebound in cyclical stocks will help Boeing should examine threats to recovery.
737 Max Not the Only Threat to Boeing Stock
After the 737 Max was grounded for all of last year, recent news pertaining to the plane is decent. American Airlines (NASDAQ:AAL) is using the jet on its Miami-to-New York route.
10 of 2020’s Most Fascinating SPAC Stocks
Sounds good, right? Indeed, it’s a step in the right direction for Boeing. Digging deeper, investors will find American took delivery of 34 737 Max planes, only six of which were activated. The good news is American says there’s no evidence suggesting passengers won’t book travel on the 737 Max. Also, bookings for that model are comparable to those of other planes in the American fleet.
The bad news is that the 737 Max isn’t the only passenger jet Boeing makes. This means it’s not the company’s only problem. Though not nearly as controversial as the 737 Max, Boeing’s 787 Dreamliner jets have costly design flaws that are hindering deliveries.
In the last two months of 2020, Boeing delivered just one 787 Dreamliner. Bernstein analyst Douglas Harned, who rates BA stock the equivalent of a “sell,” said those issues could crimp the company’s free cash flow by $7.5 billion this year. Reduced free cash flow is not what investors want to hear when it comes to a heavily indebted company like Boeing.
“The problem we see is that the 787 situation is getting worse and we are not yet able to fully bound the negative impact,” Harned said in a recent note to clients.
Devil in the Details
Boeing stock surged in November, likely a sign investors were growing enthusiastic about prospects for the 737 Max and coronavirus vaccines. Some of those gains were given back in December and more of the same could be on the way during 2021 .
Boeing sat on a record $75.2 billion of inventory at the end of the third quarter, according to Bloomberg. Even if some 737 Max’s return to the skies, the Dreamliner issues could keep that number uncomfortably high.
Additionally, not all airlines are racing to get the 737 Max flying again. For example, Southwest Airlines (NYSE:LUV), which relies on several models of the 737, has not added the jet back to its airliner fleet.
That alone isn’t an indictment of Boeing stock, but the overall condition of the airline industry, one weakened by the pandemic, is.
Scrambling to conserve capital and avoid taking on more debt, airlines have every incentive to refurbish older but still safe models rather than invest in new jets. Also, the airline industry is facing a recovery timeline of perhaps at least two years. Combine these issues and apprehension is warranted with Boeing stock at current levels.
On the date of publication, Todd Shriber did not have (either directly or indirectly) any positions in any of the securities mentioned in this article.
Todd Shriber has been an InvestorPlace contributor since 2014.
The post Lots of Good News Baked into Boeing, But Risks Remain appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (NASDAQ:AAL) is using the jet on its Miami-to-New York route. Bernstein analyst Douglas Harned, who rates BA stock the equivalent of a “sell,” said those issues could crimp the company’s free cash flow by $7.5 billion this year. Devil in the Details Boeing stock surged in November, likely a sign investors were growing enthusiastic about prospects for the 737 Max and coronavirus vaccines.
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American Airlines (NASDAQ:AAL) is using the jet on its Miami-to-New York route. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Boeing (NYSE:BA) was hammered on multiple fronts last year as ongoing issues with the controversial 737 Max passenger jet lingered and the novel coronavirus pandemic punished Boeing stock, making it one of the worst-performing names in the Dow Jones Industrial Average. The bad news is that the 737 Max isn’t the only passenger jet Boeing makes.
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American Airlines (NASDAQ:AAL) is using the jet on its Miami-to-New York route. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Boeing (NYSE:BA) was hammered on multiple fronts last year as ongoing issues with the controversial 737 Max passenger jet lingered and the novel coronavirus pandemic punished Boeing stock, making it one of the worst-performing names in the Dow Jones Industrial Average. 737 Max Not the Only Threat to Boeing Stock After the 737 Max was grounded for all of last year, recent news pertaining to the plane is decent.
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American Airlines (NASDAQ:AAL) is using the jet on its Miami-to-New York route. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Boeing (NYSE:BA) was hammered on multiple fronts last year as ongoing issues with the controversial 737 Max passenger jet lingered and the novel coronavirus pandemic punished Boeing stock, making it one of the worst-performing names in the Dow Jones Industrial Average. Though not nearly as controversial as the 737 Max, Boeing’s 787 Dreamliner jets have costly design flaws that are hindering deliveries.
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2021-01-08 00:00:00 UTC
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American Airlines Has Room to Climb in 2021
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AAL
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https://www.nasdaq.com/articles/american-airlines-has-room-to-climb-in-2021-2021-01-08
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As Covid-19 cases spike across the nation, American Airlines (NASDAQ:AAL) stock is in for a bumpy ride in 2021. However, investors have good reason to remain confident in the company’s imminent comeback once we put the pandemic behind us.
Source: GagliardiPhotography / Shutterstock.com
The airline, like many of its peers, sustained some massive losses as the virus raged across the nation. Recently, American’s management announced that its daily cash burn rate would come in at the higher end of the expected $25 million to $30 million guidance. Nevertheless, the rollout of the vaccine and rebounding travel demand will serve as major tailwinds for American Airlines.
The approval of the vaccines was followed by numerous questions surrounding their rollout. While the inoculation of the masses is a challenging task, to say the least, airlines, including American, should be helped by its distribution. According to many executives at the company, the vaccines will put it on the road to recovery after months of little demand.
On Dec. 13, American Airlines flew its first shipment of vaccines for the coronavirus on a Boeing 777. The airline is no stranger to the transport of pharmaceuticals and has been in that business for decades.
For American Airlines, the vaccine rollout will serve as a lifeline in its hour of need. One of the more prosperous passenger airlines prior to the pandemic, American was brought to its knees by the virus.
10 of 2020's Most Fascinating SPAC Stocks
After numerous furloughs and a stimulus check from the government to cushion the blow, American finds itself burning through a great deal of cash. However, Congress finally reached a deal that granted U.S. airlines $15 billion in payroll assistance.
AAL stock is not at its best right now, but it should climb meaningfully in the future. The vaccine rollout and government assistance will keep the company afloat for the first half of the year.
Uncertainty Prevails Over The Return Of Travel
The coronavirus pandemic is widely considered to be the worst crisis in the history of the aviation industry. Months of grounded flights and rounds of furloughs are just one aspect of the repercussions faced by the industry. The sector’s path forward remains questionable, even after the rollout of the vaccine.
Cases around the globe continue to spike with no signs of letting up anytime soon. While the vaccine rollout should spark a recovery, there’s no telling when things will return to normal.
While some airlines remain optimistic about a comeback in 2021, others are bracing themselves for a bumpy ride. American Airlines operates many international flights. But with fresh lockdowns across the EU, many of these flights will remain grounded for the foreseeable future.
Nevertheless, airlines are hoping to benefit from a busy travel season next summer. The bounce back is likely to create intense competition among the major passenger airlines.
The airlines are doing everything they can to make the best of a bad time. American Airlines recently announced an at-home Covid-19 test for $129, which can help passengers avoid quarantine restrictions once they reach their destinations.
During the holiday season, the company offered members of frequent-flyer program status upgrades, bonus miles or passes to its airport lounges.
The Bottom Line
The vaccine rollout will breathe new life into airlines, but a quick path to recovery is not in the cards. Even when travel is close to its pre-pandemic levels, American Airlines will focus on recouping losses over expanding operations. One bright spot is its $14 billion of cash. The company believes that will keep it afloat through the end of the year.
The travel sector’s outlook remains uncertain, but the ongoing rollout of the vaccine and a solid cash balance are sufficient reason to remain optimistic about American Airlines’ comeback. AAL stock is unlikely to generate big returns in the near future, but, ahead of its upcoming takeoff, it is worth holding on to.
On the date of publication, Divya Premkumar did not have (either directly or indirectly) any positions in any of the securities mentioned in this article.
Divya Premkumar has a finance degree from the University of Houston, Texas. She is a financial writer and analyst who has written stories on various financial topics from investing to personal finance. Divya has been writing for InvestorPlace since 2020.
The post American Airlines Has Room to Climb in 2021 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 As Covid-19 cases spike across the nation, American Airlines (NASDAQ:AAL) stock is in for a bumpy ride in 2021. AAL stock is not at its best right now, but it should climb meaningfully in the future. AAL stock is unlikely to generate big returns in the near future, but, ahead of its upcoming takeoff, it is worth holding on to.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips As Covid-19 cases spike across the nation, American Airlines (NASDAQ:AAL) stock is in for a bumpy ride in 2021. AAL stock is not at its best right now, but it should climb meaningfully in the future. AAL stock is unlikely to generate big returns in the near future, but, ahead of its upcoming takeoff, it is worth holding on to.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips As Covid-19 cases spike across the nation, American Airlines (NASDAQ:AAL) stock is in for a bumpy ride in 2021. AAL stock is not at its best right now, but it should climb meaningfully in the future. AAL stock is unlikely to generate big returns in the near future, but, ahead of its upcoming takeoff, it is worth holding on to.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips As Covid-19 cases spike across the nation, American Airlines (NASDAQ:AAL) stock is in for a bumpy ride in 2021. AAL stock is not at its best right now, but it should climb meaningfully in the future. AAL stock is unlikely to generate big returns in the near future, but, ahead of its upcoming takeoff, it is worth holding on to.
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4809.0
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2021-01-07 00:00:00 UTC
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The S&P 500 In 2021: A Robinhood Stock Strategy To Beat The Market
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https://www.nasdaq.com/articles/the-sp-500-in-2021%3A-a-robinhood-stock-strategy-to-beat-the-market-2021-01-07
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Years ago, academics came up with groundbreakingly dull investment advice: buy stocks for the long run and keep adding to your portfolio over time. Punters and Wall Street bigwigs understandably balked at such simplicity. Buy-and-hold strategies with the S&P 500 index, after all, don’t generate brokerage fees. And it leaves stock analysts with little to talk about at cocktail parties.
Source: OpturaDesign / Shutterstock.com
2020, however, saw something strange: last year, retail investors beat the market hands down.
With the S&P 500 still at record highs (and not to mention record valuations), long-term investors are rightly asking themselves: “is it still the right time to buy the index?” And for the second year in a row, the answer could be “no.” With S&P valuations still bursting at the seams, here’s why Robinhood investors will outperform the S&P 500 index again.
Summary
Historical data working against the S&P 500;
S&P 500 concentrated in mega-cap tech companies; and
Investors should seek higher growth opportunities.
S&P 500 Index: Reaching its Upper Limits
Institutional investors can excuse themselves for missing out on 2020’s biggest winners.
7 Hot Stocks to Buy Now Before They Take Off
Speculative companies, from electric vehicle startups such as Nikola (NASDAQ:NKLA) to blockchain firms, took center stage as retail investors discovered the joys of making a lot of money with relatively little effort. Thus emerged a curious case of retail investors dragging the S&P 500 up, rather than the other way around. Massive gains in popular mom-and-pop stocks, from Apple’s (NASDAQ:AAPL) 83% return to Netflix’s (NASDAQ:NFLX) 64% gains, drove the S&P 500 up 16%.
But will the S&P 500’s performance continue in 2021? Don’t count on it.
Consider the stock market’s history. Consecutive rises of >15% have only happened nine times since 1928 (the latest being 2019-2020). And on average, the third year saw a lower return than average: 4.9% vs. 7.7%. Volatility was also higher, at 24% vs. 19%. In other words, high stock market returns tend to get followed by lower, more volatile returns.
Analysts at J.P. Morgan Chase (NYSE:JPM) have urged caution. In January, the company cut its U.S. equity return expectations from 5.6% to just 4.1%.
S&P 500 Dogged by Mega-Cap Legislation
The S&P 500 index however, faces an even bigger issue in 2021: its constituents.
Investors like to think of the S&P 500 index as a diversified mix of America’s top companies. In a sense, that’s technically true — the index assigns weights based on market capitalization. The larger the company, the heavier it’s weighting in the S&P 500. It’s a strategy that works well in good times since winning stocks generally keep winning.
But that also makes the S&P 500 index prone to bubbles because the most overvalued companies get overrepresented. And with the rise of mega-cap tech firms, the S&P 500 now looks more like a big-tech index than a diversified fund. Since 2019, the top five tech giants have made up a quarter of the S&P 500 index.
That’s a big problem. With the large tech firms reaching their upper limits, the S&P 500 will struggle to keep growing. Apple, the S&P 500’s largest constituent, is now worth $2.2 trillion, or more than all of Florida’s real estate combined. And there’s more.
In October, the U.S. Justice Department filed a civil antitrust lawsuit to break up the world’s largest search engine. Two months later, another suit targeted Facebook’s anti-competitive behavior.
In a sense, 2020 looks much like the year 1999, when behemoths like TimeWarner/AOL dominated the markets. That’s also the time period when the U.S. Department of Justice broke up Microsoft (NASDAQ:MSFT), the tech monopoly of its day. As momentum strategies came crashing down in the early ’00s, mega-cap stocks suffered and the S&P 500 notched three years of straight losses.
Retail Investing Provides a Way Out
But don’t despair. For the second year in a row, Robinhood stocks look set to beat the market. That’s because mom-and-pop investors tend to focus on two core areas:
Cyclical Value: Carnival (NYSE:CCL), American Airlines (NASDAQ:AAL), Ford (NYSE:F), and other stocks set to recover post-pandemic.
Hyper Growth: QuantumScape (NYSE:QS), Nio (NYSE:NIO), Airbnb (NASDAQ:ABNB) and other high-growth companies.
These strategies offer a surprisingly good alternative to traditional S&P 500 investing. With value stocks, people bet on a reversion to the mean — under-represented, under-loved companies that could make a phenomenal comeback as the world goes back to normal. And with hyper-growth companies, investors are buying high-potential companies with room to grow 10x, 100x or even 1,000x.
The Jekyll-and-Hyde strategy might seem odd at first. How can investors believe in both value and growth investing at the same time? But combining the polar opposite ends of the investing spectrum has been a winning formula in 2020. Investors buying Tesla (NASDAQ:TSLA) with one hand and Delta Airlines (NYSE:DAL) with the other would have tripled their money since May. For 2021, you can expect more of the same.
On the date of publication, Tom Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tom Yeung, CFA, is a registered investment advisor on a mission to bring simplicity to the world of investing.
The post The S&P 500 In 2021: A Robinhood Stock Strategy To Beat The Market 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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That’s because mom-and-pop investors tend to focus on two core areas: Cyclical Value: Carnival (NYSE:CCL), American Airlines (NASDAQ:AAL), Ford (NYSE:F), and other stocks set to recover post-pandemic. Summary Historical data working against the S&P 500; S&P 500 concentrated in mega-cap tech companies; and Investors should seek higher growth opportunities. 7 Hot Stocks to Buy Now Before They Take Off Speculative companies, from electric vehicle startups such as Nikola (NASDAQ:NKLA) to blockchain firms, took center stage as retail investors discovered the joys of making a lot of money with relatively little effort.
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That’s because mom-and-pop investors tend to focus on two core areas: Cyclical Value: Carnival (NYSE:CCL), American Airlines (NASDAQ:AAL), Ford (NYSE:F), and other stocks set to recover post-pandemic. Source: OpturaDesign / Shutterstock.com 2020, however, saw something strange: last year, retail investors beat the market hands down. In other words, high stock market returns tend to get followed by lower, more volatile returns.
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That’s because mom-and-pop investors tend to focus on two core areas: Cyclical Value: Carnival (NYSE:CCL), American Airlines (NASDAQ:AAL), Ford (NYSE:F), and other stocks set to recover post-pandemic. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Years ago, academics came up with groundbreakingly dull investment advice: buy stocks for the long run and keep adding to your portfolio over time. With the S&P 500 still at record highs (and not to mention record valuations), long-term investors are rightly asking themselves: “is it still the right time to buy the index?” And for the second year in a row, the answer could be “no.” With S&P valuations still bursting at the seams, here’s why Robinhood investors will outperform the S&P 500 index again.
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That’s because mom-and-pop investors tend to focus on two core areas: Cyclical Value: Carnival (NYSE:CCL), American Airlines (NASDAQ:AAL), Ford (NYSE:F), and other stocks set to recover post-pandemic. And with the rise of mega-cap tech firms, the S&P 500 now looks more like a big-tech index than a diversified fund. And with hyper-growth companies, investors are buying high-potential companies with room to grow 10x, 100x or even 1,000x.
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4810.0
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2021-01-07 00:00:00 UTC
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American Airlines Will Recover Dramatically Over the Next 2 Years
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AAL
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https://www.nasdaq.com/articles/american-airlines-will-recover-dramatically-over-the-next-2-years-2021-01-07
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
American Airlines Group (NASDAQ:AAL) is likely to stage a dramatic recovery over the next two years as travel patterns return to normal. But that does not mean AAL stock will not have rough periods such as it is having after the close of the 2020 Christmas travel period.
Source: GagliardiPhotography / Shutterstock.com
Moreover, AAL stock may take longer than other airlines to recover. It has much more debt and a higher cost structure than these other people.
This is the conclusion of a recent Seeking Alpha article on AAL stock. It goes through the company’s recent turbulent history and why it has higher debt and legacy cost structures than its peers.
Anticipating the Turnaround
Nevertheless, the fact remains that as more people get the various Covid-19 vaccines, the spread of the virus will subside. This will almost by definition increase the willingness of the public to take more leisure and especially business travel.
7 Hot Stocks to Buy Now Before They Take Off
Moreover, the company does not need to produce dramatic profits before AAL stock begins a major turnaround. The market anticipates the future. It will discount a turnaround of at least six to nine months in advance.
I suspect that in the case of American Airlines, it will anticipate this even longer out.
For example, AAL stock hit a peak of over $20 per share in early July. That was when the U.S. was coming out of the depths of the first legs of the Covid-19 crisis.
But then it became clear there would be a second round of restrictions and Covid-19 lockdowns in the fall and winter. That meant that AAL stock took a second hit.
By March/April it will be clear that the vaccines are working to spread the virus. As a result, American Airlines and other travel stocks will rebound again.
So, what is AAL stock worth and is it worth investing in now?
Figuring Out American Airlines’ Value
Right now, that is pretty hard to do. For example, analysts foresee a loss of $20 per share or higher for 2020 and even -$5.46 for 2021.
In fact, earnings are not even forecast to reach breakeven until 2022, according to surveys by Seeking Alpha of Wall Street analysts. And that is only at 6 cents in earnings per share (EPS).
Moreover, meaningful earnings per share don’t even come in until 2023, at $1.82 per share. And it’s not until 2024 before analysts are comfortable forecasting profits of $4.95.
Therefore, using a 15% discount rate over four years, the present value of 2024 EPS is 57.175% of that future number. This works out to a present value of $2.83 per share (i.e., 0.57175 x $4.95 = $2.83).
As a result, putting a 10x multiple on that present value EPS figure gives AAL stock a value today of $28.30 (10x $2.83). That represents a potential gain of 80% over today’s price of $15.65.
However, let’s be even more conservative. Using a 20% discount rate lowers the present value of four year-out earnings by a 48.225% factor. Therefore, the present value of 2024 EPS using a 20% discount factor is $2.387 per share.
This means that our more conservative value for AAL stock, at 10x the present value of earnings, is $23.87 per share.
The good news is that still represents a potential 52.5% gain in the AAL stock price. The bad news is that it may take some time for the market to accept this kind of rationale. There has to be some sort of catalyst moving the stock up to that valuation.
What To Do With AAL Stock
No one in Wall Street’s sell-side analytical crowd believes in a possible American Airlines turnaround. They see all the debt and huge issues going forward that the company has to overcome.
For example, Tipranks says eight analysts have an average price target of $12.75 for AAL stock. Marketbeat.com says that 20 analysts have a consensus target of just $14.63 per share. Yahoo! Finance reports that 18 analysts have an average target of just $11.36 per share for AAL stock.
All of these prices are well below the existing price. The Street won’t believe in any kind of turnaround for the time being.
I took an American Airlines trip across the U.S during the holiday. Everywhere I went the airports were packed. And the flights were just as packed as before. From my standpoint, the airline is already in turnaround.
It will probably take some time for Wall Street to catch up. Expect the stock to move up well before analysts’ estimates for AAL stock move higher.
On the date of publication, Mark R. Hake has a long position in American Airlines (AAL) stock.
Mark Hake runs the Total Yield Value Guide which you can review here.
The post American Airlines Will Recover Dramatically Over the Next 2 Years 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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What To Do With AAL Stock No one in Wall Street’s sell-side analytical crowd believes in a possible American Airlines turnaround. InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines Group (NASDAQ:AAL) is likely to stage a dramatic recovery over the next two years as travel patterns return to normal. But that does not mean AAL stock will not have rough periods such as it is having after the close of the 2020 Christmas travel period.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines Group (NASDAQ:AAL) is likely to stage a dramatic recovery over the next two years as travel patterns return to normal. On the date of publication, Mark R. Hake has a long position in American Airlines (AAL) stock. But that does not mean AAL stock will not have rough periods such as it is having after the close of the 2020 Christmas travel period.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines Group (NASDAQ:AAL) is likely to stage a dramatic recovery over the next two years as travel patterns return to normal. This means that our more conservative value for AAL stock, at 10x the present value of earnings, is $23.87 per share. Expect the stock to move up well before analysts’ estimates for AAL stock move higher.
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This means that our more conservative value for AAL stock, at 10x the present value of earnings, is $23.87 per share. InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines Group (NASDAQ:AAL) is likely to stage a dramatic recovery over the next two years as travel patterns return to normal. But that does not mean AAL stock will not have rough periods such as it is having after the close of the 2020 Christmas travel period.
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4811.0
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2021-01-07 00:00:00 UTC
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Interesting AAL Put And Call Options For February 26th
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AAL
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https://www.nasdaq.com/articles/interesting-aal-put-and-call-options-for-february-26th-2021-01-07
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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 February 26th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new February 26th contracts and identified one put and one call contract of particular interest.
The put contract at the $15.50 strike price has a current bid of $1.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $15.50, but will also collect the premium, putting the cost basis of the shares at $14.20 (before broker commissions). To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $15.66/share today.
Because the $15.50 strike represents an approximate 1% 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 8.39% return on the cash commitment, or 61.23% 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 $15.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $17.50 strike price has a current bid of 75 cents. If an investor was to purchase shares of AAL stock at the current price level of $15.66/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $17.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 16.54% if the stock gets called away at the February 26th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $17.50 strike highlighted in red:
Considering the fact that the $17.50 strike represents an approximate 12% 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 4.79% boost of extra return to the investor, or 34.96% 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 $15.66) to be 101%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks with Recent Secondaries »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $17.50 strike highlighted in red: Considering the fact that the $17.50 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the February 26th expiration.
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Below is a chart showing AAL's trailing twelve month trading history, with the $17.50 strike highlighted in red: Considering the fact that the $17.50 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the February 26th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new February 26th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAL's trailing twelve month trading history, with the $17.50 strike highlighted in red: Considering the fact that the $17.50 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the February 26th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new February 26th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAL's trailing twelve month trading history, with the $17.50 strike highlighted in red: Considering the fact that the $17.50 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the February 26th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new February 26th contracts and identified one put and one call contract of particular interest.
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4812.0
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2021-01-07 00:00:00 UTC
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American Airlines' Policy Change To Allow Travel With Service Animals
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AAL
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https://www.nasdaq.com/articles/american-airlines-policy-change-to-allow-travel-with-service-animals-2021-01-07
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nan
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(RTTNews) - American Airlines has unveiled proposed changes to its policies and procedures, allowing individuals with disabilities to travel with service animals.
Meanwhile, animals that previously traveled as emotional support animals and no longer qualify as service animals may travel as carry-on pets or as cargo pets, as long as they meet the requirements.
The forthcoming changes are in line with regulations that were issued recently by the U.S. Department of Transportation or DOT.
As per the DOT's new rule, a service animal is a dog that is individually trained to do work or perform tasks for the benefit of a qualified individual with a disability — a narrower definition than in the past.
The Fort Worth, Texas-based airline noted that when the rule goes into effect January 11, it will no longer authorize new travel for animals that do not meet that definition, such as emotional support animals. Existing bookings involving emotional support animals will be honored through February 1, when the airline's new policies go into effect.
Starting February 1, American will ask customers traveling with service animals to complete a DOT form attesting to the dog's behavior, training and health.
This form needs to be submitted electronically 48 hours in advance of a flight, unless the reservation is booked within 48 hours of travel. The authorization for a service animal will be valid for one year or until the expiration of its vaccinations.
The service animal forms, along with further new policy details, will be available on the company website in the coming days.
The views and 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 has unveiled proposed changes to its policies and procedures, allowing individuals with disabilities to travel with service animals. Existing bookings involving emotional support animals will be honored through February 1, when the airline's new policies go into effect. Starting February 1, American will ask customers traveling with service animals to complete a DOT form attesting to the dog's behavior, training and health.
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Meanwhile, animals that previously traveled as emotional support animals and no longer qualify as service animals may travel as carry-on pets or as cargo pets, as long as they meet the requirements. The Fort Worth, Texas-based airline noted that when the rule goes into effect January 11, it will no longer authorize new travel for animals that do not meet that definition, such as emotional support animals. Starting February 1, American will ask customers traveling with service animals to complete a DOT form attesting to the dog's behavior, training and health.
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Meanwhile, animals that previously traveled as emotional support animals and no longer qualify as service animals may travel as carry-on pets or as cargo pets, as long as they meet the requirements. The Fort Worth, Texas-based airline noted that when the rule goes into effect January 11, it will no longer authorize new travel for animals that do not meet that definition, such as emotional support animals. Starting February 1, American will ask customers traveling with service animals to complete a DOT form attesting to the dog's behavior, training and health.
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The forthcoming changes are in line with regulations that were issued recently by the U.S. Department of Transportation or DOT. As per the DOT's new rule, a service animal is a dog that is individually trained to do work or perform tasks for the benefit of a qualified individual with a disability — a narrower definition than in the past. The Fort Worth, Texas-based airline noted that when the rule goes into effect January 11, it will no longer authorize new travel for animals that do not meet that definition, such as emotional support animals.
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4813.0
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2021-01-06 00:00:00 UTC
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5 Stock Dividends That Aren't Coming Back in 2021
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AAL
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https://www.nasdaq.com/articles/5-stock-dividends-that-arent-coming-back-in-2021-2021-01-06
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nan
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nan
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Last year was rough for a lot of income investors. Folks buying into dividend stocks under the assumption that they are less risky got burned at both ends. Many high-yielding names in troubled consumer-facing industries nixed their payouts at the first whiff of the pandemic. Many of the stocks would go on to tumble anyway.
AMC Entertainment Holdings (NYSE: AMC), Carnival (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), American Airlines Group (NASDAQ: AAL), and Disney (NYSE: DIS) paused their distributions in 2020. All but one of those stocks closed out the year with heavy declines. I don't see any of them returning money to shareholders in 2021.
Image source: Getty Images.
AMC Entertainment
It's amazing to see where some of last year's hardest-hit stocks would be if they were still making dividend payments. AMC's quarterly distributions were $0.20 a share through 2019. At Tuesday's close, that would translate to a 40.4% yield.
You don't need to sit through a movie to know how this one ends. The dividend isn't coming back. Folks haven't returned to the multiplex. Most of AMC multiplexes are now open, but the $61.1 million in ticket sales that the entire industry collected in North American last month was just 5% of the box office receipts it raked in for the previous December. Studios have turned to other distribution channels, and things may never be the same for the reeling exhibitors.
Forget any notion of things returning to normal even after the pandemic fades to black. AMC is going to need every penny it gets in 2021 if it wants to stay alive. It's the only one of these five companies that has a fair chance of declaring bankruptcy before the end of the year even with recent liquidity-boosting moves.
Carnival and Royal Caribbean
I may as well cover Carnival and Royal Caribbean at the same time since they are (pardon the expression) in the same boat. Cruise line operators may seem to be in worse shape than your local multiplex because at least your hometown movie theater is still running its business. However, we know that cruise lines won't be making just 5% of what they were making before, once they are cleared to start sailing again. There's no digital distribution eating into the pent-up demand for cruise vacations.
We're still not sure when cruise lines will get back to business. The starting line keeps getting pushed out. But it should happen at some point this year. Analysts see a return to profitability as early as next year.
Don't wait up for the dividend to come back right away. At current share prices, Carnival and Royal Caribbean would be yielding 9.7% and 4.3%, respectively, if they were still paying the old rate, but they have bigger fish to fry right now. The two companies have taken on a lot of debt, and any positive cash flow will likely go to ease their leveraged ways.
The industry has also had to issue a ton of new stock over the past year, and that means dividing disbursements into more outstanding shares. It will be probably take a couple more years before either company is comfortable cutting dividend checks again.
American Airlines Group
Airlines are literally up in the air, but the same can be said in the figurative sense about their near-term prospects. American Airlines Group saw its revenue plunge 86% in the second quarter, improving only to a 73% year-over-year decline in its latest report. Demand for flying is down to essential travel. Your globe-trotter interests and faraway business meetings will have to wait until the new normal becomes a newer normal.
American Airlines was never a magnet for income investors, with its mere $0.10 a share in quarterly distributions, but that rate would translate to a reasonable 2.6% payout now. Analysts see American turning the corner of profitability by late 2022, but there's just no hope for it to reinitiate its distributions since airlines stocks were on the receiving end of a $25 billion government bailout in the springtime of last year.
Disney
I'll save the only one that I'm not sure about for last. Unlike the four earlier companies I singled out, Disney stock moved higher in 2020. It even hit new all-time highs last week. The media giant is also the only one of these companies that most analysts see returning to profitability in the current fiscal year.
Disney's current yield would be just 1% based on the suspended rate, but even that meager payout doesn't make sense right now. It would be a bad look with all of the layoffs at its theme parks and even ESPN.
Disney also committed last month to heavy content expenditures for Disney+, and that's what some analysts feel is a better use of the $3.2 billion it returned to shareholders last year. The stock hitting new highs recently proves that Disney doesn't need to play nice with income investors to win the Wall Street game. The House of Mouse is going to pay itself first in 2021.
The writing is on the zero-yield wall: AMC Entertainment, Carnival, Royal Caribbean, American Airlines, and even Disney aren't going to be dividend stocks in 2021.
Find out why Walt Disney is one of the 10 best stocks to buy now
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Rick Munarriz owns shares of Walt Disney. The Motley Fool owns shares of and recommends Walt Disney. The Motley Fool recommends Carnival and recommends the following options: short January 2021 $135 calls on Walt Disney and long January 2021 $60 calls on Walt Disney. 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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AMC Entertainment Holdings (NYSE: AMC), Carnival (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), American Airlines Group (NASDAQ: AAL), and Disney (NYSE: DIS) paused their distributions in 2020. Most of AMC multiplexes are now open, but the $61.1 million in ticket sales that the entire industry collected in North American last month was just 5% of the box office receipts it raked in for the previous December. Analysts see American turning the corner of profitability by late 2022, but there's just no hope for it to reinitiate its distributions since airlines stocks were on the receiving end of a $25 billion government bailout in the springtime of last year.
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AMC Entertainment Holdings (NYSE: AMC), Carnival (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), American Airlines Group (NASDAQ: AAL), and Disney (NYSE: DIS) paused their distributions in 2020. The writing is on the zero-yield wall: AMC Entertainment, Carnival, Royal Caribbean, American Airlines, and even Disney aren't going to be dividend stocks in 2021. The Motley Fool owns shares of and recommends Walt Disney.
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AMC Entertainment Holdings (NYSE: AMC), Carnival (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), American Airlines Group (NASDAQ: AAL), and Disney (NYSE: DIS) paused their distributions in 2020. The writing is on the zero-yield wall: AMC Entertainment, Carnival, Royal Caribbean, American Airlines, and even Disney aren't going to be dividend stocks in 2021. The Motley Fool recommends Carnival and recommends the following options: short January 2021 $135 calls on Walt Disney and long January 2021 $60 calls on Walt Disney.
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AMC Entertainment Holdings (NYSE: AMC), Carnival (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), American Airlines Group (NASDAQ: AAL), and Disney (NYSE: DIS) paused their distributions in 2020. AMC's quarterly distributions were $0.20 a share through 2019. Folks haven't returned to the multiplex.
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4814.0
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2021-01-06 00:00:00 UTC
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Here’s How To Trade American Airlines Stock as It Breaches Support
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AAL
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https://www.nasdaq.com/articles/heres-how-to-trade-american-airlines-stock-as-it-breaches-support-2021-01-06
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The ghost of crashes past came to haunt investors as they rang in the new year. It was as surprising as it was sudden and acted as a much-needed reminder that stocks go both up and down. Airline stocks were among the hardest hit, and while the broader market rebounded into the close, the likes of American Airlines (NASDAQ:AAL) did not. In light of volatility’s return, we’re taking a fresh look at AAL stock and why it’s now a tough buy.
AAL) airplane waiting on the tarmac. Represents airline stocks." width="300" height="169">
Source: GagliardiPhotography / Shutterstock.com
For context, let’s first consider Monday’s stock spill and the accompanying spike in the CBOE Volatility Index (INDEXCBOE:VIX).
The S&P 500 index closed the session down 1.36%. It may not sound like much, but it’s one of the largest declines we’ve seen since the Presidential election. It’s also the first time the large-cap-laden index closed below its 20-day moving average.
The weakness was shared by the Russell 2000 Index, which was down more than 2% at its low point of the session. At the same time, fear returned in a big way to propel the VIX almost past 30 before the late-day stock rebound took the wind out its sails.
There’s always a chance this could be a one-off and we move quickly back to new highs. But, I’m willing to give sellers respect after such a high volume of distribution day strikes. This is especially true for those sectors or industries that were unable to bounce back by the closing bell. The relative weakness in airlines in general and American Airlines, in particular, should be of concern to shareholders.
Turbulence Strikes AAL Stock
Click to Enlarge
Source: The thinkorswim® platform from TD Ameritrade
To set the stage for the AAL stock chart, consider first how the NYSE Arca Airline Index (INDEXNYSEGIS:XAL) fared on Jan. 4. Sellers swarmed from the get-go and didn’t let up all day long. Though it closed almost 1% off the lows, you wouldn’t know it by looking at the -5.17% daily change. Of all the major ETFs and indexes I track, this one was the worst by far.
8 Battery Stocks to Buy for Potentially Safer EV Exposure
Some of the blame lies with the broad market weighing on equities, sure, but again there was a gaping discrepancy between the S&P’s 1.36% slip and XAL’s bloodletting.
With the slashing, XAL formed a lower pivot high and is on the brink of forming a lower pivot low. The 20-day moving average is also rolling over to confirm sellers are wresting control of the short-term trend. I think this is an easy call. Airlines are bearish as long as the new pivot high at $84 stands.
AAL Stock Chart & Trade
Click to Enlarge
Source: The thinkorswim® platform from TD Ameritrade
With the industry under pressure, American Airlines would have to be showing some serious relative strength to justify buying. As it turns out, however, its chart is just as much of a dog as XAL. While it only fell 4.06% on the day and can argue outperformance, it’s a hollow victory.
AAL stock sliced through support and now has a pair of lower pivot highs and lows. While the uptick in volume wasn’t as excessive as with others, it increased and thus qualified Monday’s session as a distribution day.
The first takeaway for me is that aggressive bullish trades are off the table. The technicals don’t support any optimism. On the flip side, the primary problem I see with going bearish are the multiple support zones looming close. The top-end of the months’ long base formed after the March crash was $14. And I suspect buyers will be swift to defend a retest. That doesn’t leave much room for bears to score profits.
My preferred play is to wait for AAL to get more oversold, then sell naked puts near the $10 or $11 strike for February. Barring a complete meltdown over the next six weeks, these short puts should pay.
On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article.
For a free trial to the best trading community on the planet and Tyler’s current home, click here!
The post Here’s How To Trade American Airlines Stock as It Breaches Support 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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Click to Enlarge Source: The thinkorswim® platform from TD Ameritrade To set the stage for the AAL stock chart, consider first how the NYSE Arca Airline Index (INDEXNYSEGIS:XAL) fared on Jan. 4. Airline stocks were among the hardest hit, and while the broader market rebounded into the close, the likes of American Airlines (NASDAQ:AAL) did not. In light of volatility’s return, we’re taking a fresh look at AAL stock and why it’s now a tough buy.
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Airline stocks were among the hardest hit, and while the broader market rebounded into the close, the likes of American Airlines (NASDAQ:AAL) did not. In light of volatility’s return, we’re taking a fresh look at AAL stock and why it’s now a tough buy. AAL) airplane waiting on the tarmac.
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Airline stocks were among the hardest hit, and while the broader market rebounded into the close, the likes of American Airlines (NASDAQ:AAL) did not. Click to Enlarge Source: The thinkorswim® platform from TD Ameritrade To set the stage for the AAL stock chart, consider first how the NYSE Arca Airline Index (INDEXNYSEGIS:XAL) fared on Jan. 4. AAL stock sliced through support and now has a pair of lower pivot highs and lows.
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AAL Stock Chart & Trade Airline stocks were among the hardest hit, and while the broader market rebounded into the close, the likes of American Airlines (NASDAQ:AAL) did not. In light of volatility’s return, we’re taking a fresh look at AAL stock and why it’s now a tough buy.
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4815.0
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2021-01-05 00:00:00 UTC
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Why Shares of American Airlines Gained Altitude in December
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AAL
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https://www.nasdaq.com/articles/why-shares-of-american-airlines-gained-altitude-in-december-2021-01-06
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nan
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nan
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What happened
2020 was a miserable year for airline stocks, with the pandemic causing travel demand to plummet and forcing the carriers to scramble to survive. But American Airlines Group (NASDAQ: AAL) managed to stick the landing, with the stock gaining 11.6% in December, according to data provided by S&P Global Market Intelligence.
So what
Airlines around the world saw revenue dry up in 2020, and American was no exception. In years past that would have led to a large number of bankruptcies, but a combination of government assistance and private fundraising efforts have kept the industry airborne.
Image source: American Airlines.
American and other airlines continue to lose money, with American saying in early December it expects to burn through upwards of $30 million per day in the fourth quarter. But the stocks got a lift in December based on news that a COVID-19 vaccine was at hand.
Even if the vaccine rollout goes to plan, it will still be years before travel volumes return to pre-pandemic levels. And American is going to be more focused on paying down debt as customers return, than plotting expansion. But the vaccine news, if nothing else, provided a light at the end of a very dark tunnel. American has ample cash to survive until next summer, when the vaccine should be widespread, and that's reason enough for investors to take a fresh look at the shares.
Now what
American gained more than most in December in part because it had fallen more than most airlines in the months prior. Even after a strong final month the stock still ended down 45% for the year.
AAL data by YCharts
American is a survivor, and the stock likely has further room to gain from here. But investors need to understand that it could take years to reach this destination, and there are other airlines, including Southwest Airlines, that are already in the early stages of a recovery. I'd be careful climbing on board American right now.
10 stocks we like better than American Airlines Group
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*Stock Advisor returns as of November 20, 2020
Lou Whiteman has no position in any of the stocks mentioned. 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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But American Airlines Group (NASDAQ: AAL) managed to stick the landing, with the stock gaining 11.6% in December, according to data provided by S&P Global Market Intelligence. AAL data by YCharts American is a survivor, and the stock likely has further room to gain from here. What happened 2020 was a miserable year for airline stocks, with the pandemic causing travel demand to plummet and forcing the carriers to scramble to survive.
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But American Airlines Group (NASDAQ: AAL) managed to stick the landing, with the stock gaining 11.6% in December, according to data provided by S&P Global Market Intelligence. AAL data by YCharts American is a survivor, and the stock likely has further room to gain from here. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group wasn't one of them!
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But American Airlines Group (NASDAQ: AAL) managed to stick the landing, with the stock gaining 11.6% in December, according to data provided by S&P Global Market Intelligence. AAL data by YCharts American is a survivor, and the stock likely has further room to gain from here. 10 stocks we like better than American Airlines Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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But American Airlines Group (NASDAQ: AAL) managed to stick the landing, with the stock gaining 11.6% in December, according to data provided by S&P Global Market Intelligence. AAL data by YCharts American is a survivor, and the stock likely has further room to gain from here. But the vaccine news, if nothing else, provided a light at the end of a very dark tunnel.
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4816.0
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2021-01-05 00:00:00 UTC
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Boeing 737 MAX Deliveries Resume: 1 Big Yellow Flag
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AAL
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https://www.nasdaq.com/articles/boeing-737-max-deliveries-resume%3A-1-big-yellow-flag-2021-01-05
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nan
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In November 2020, the FAA finally recertified the Boeing (NYSE: BA) 737 MAX for commercial service, following a 20-month grounding. That paved the way for deliveries and commercial flights to resume in December. It also laid the groundwork for two significant 737 MAX orders.
Initial data suggest that Boeing delivered about two dozen 737 MAX jets last month, beginning the process of clearing out its inventory. However, a closer look at Boeing's delivery activity highlights how its most important aircraft program remains in a perilous position.
Deliveries resume
During December, Boeing delivered at least 22 737 MAX 8 and 737 MAX 9 jets to commercial airlines. All but one of those jets -- a 737 MAX 9 delivered to Copa Airlines on Dec. 22 -- went to U.S. airlines. American Airlines (NASDAQ: AAL) received 10 737 MAX 8s last month, Southwest Airlines (NYSE: LUV) received three 737 MAX 8s, and United Airlines (NASDAQ: UAL) took eight 737 MAX 9s.
Image source: Southwest Airlines.
To some extent, the lack of geographic diversity was driven by the timing of recertification in different jurisdictions. For example, the European Union Aviation Safety Agency is expected to recertify the 737 MAX this month. Moreover, there's no clear timetable for China to lift its grounding order. Thus, two of the world's biggest aviation markets are closed to the Boeing 737 MAX for now. Furthermore, while Transport Canada has signed off on the necessary design changes, it has not lifted its grounding order yet.
On the other hand, Boeing can't blame all of its woes on the timing of recertification. The 737 MAX was recertified in Brazil in late November, and Brazil's GOL became the first airline to return the 737 MAX to commercial service on Dec. 9. Nevertheless, Boeing doesn't appear to have made any 737 MAX deliveries in Brazil last month.
A shallow bench
Indeed, while Boeing has dozens of customers for the 737 MAX, it doesn't have a deep bench of solid, reliable customers. American Airlines, Southwest Airlines, and United Airlines (the three U.S. airlines that took 737 MAX deliveries last month) certainly make the list. Together, they had 496 737 MAX jets on order directly from Boeing as of the end of November. On the other hand, their existing orders cover their narrow-body aircraft needs for at least the next five years, if not longer. For example, Southwest reached an agreement with Boeing last month to take just 35 737 MAX 8s through the end of 2021: a huge reduction from its original plans.
Ryanair and Alaska Air are also important and reliable customers. Both airlines expanded their 737 MAX order books last month. The former exercised options for 75 additional 737 MAX 200s, while the latter placed firm orders for 23 more 737 MAX 9s. That gives Ryanair 210 firm orders and Alaska Airlines 55 firm orders (not counting leased aircraft).
Image source: Boeing.
Beyond these five airlines, though, Boeing doesn't have many dependable 737 MAX customers. While it has a backlog of more than 3,300 "firm" orders, many of those orders aren't as firm as Boeing might like. Over 1,000 so-called firm orders dropped out of Boeing's backlog in the first 11 months of 2020. Additionally, aircraft leasing companies account for more than 700 737 MAX orders, but if they can't place those jets with airlines, they won't take delivery. Airlines that weren't very profitable before the pandemic and have far more aircraft orders than they need account for a substantial proportion of the 737 MAX backlog.
Finally, poor U.S.-China relations appear to be contributing to the indefinite grounding of the 737 MAX in China. All aircraft orders for Chinese airlines are controlled by the Chinese government. Until and unless the U.S. and China reach a major trade deal, Boeing is unlikely to get any new orders in China.
A critical period
The only airlines that have shown a clear ongoing commitment to the 737 MAX in recent months are the usual suspects: American, Southwest, United, Ryanair, and Alaska. While those are good customers for Boeing to have in its back pocket, they alone can't come close to supporting the 737 MAX program.
In the long run, Boeing needs the 737 MAX to be a major player in key growth markets like China, India, and Southeast Asia and sustain a respectable 737 MAX production rate. At present, the leading airlines in those markets are leaning toward Airbus for their narrow-body jet needs.
It's absolutely essential that Boeing get deliveries flowing to well-capitalized airlines in these regions within a year or two. That would pave the way for additional orders as air travel demand recovers. The longer 737 MAX deliveries to key customers in growth markets remain stalled, the greater the risk that those orders will eventually disappear, forcing Boeing to slash production in the future.
10 stocks we like better than Boeing
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Boeing wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 20, 2020
Adam Levine-Weinberg owns shares of Alaska Air Group. The Motley Fool recommends Alaska Air Group, Copa Holdings, 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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American Airlines (NASDAQ: AAL) received 10 737 MAX 8s last month, Southwest Airlines (NYSE: LUV) received three 737 MAX 8s, and United Airlines (NASDAQ: UAL) took eight 737 MAX 9s. Initial data suggest that Boeing delivered about two dozen 737 MAX jets last month, beginning the process of clearing out its inventory. A critical period The only airlines that have shown a clear ongoing commitment to the 737 MAX in recent months are the usual suspects: American, Southwest, United, Ryanair, and Alaska.
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American Airlines (NASDAQ: AAL) received 10 737 MAX 8s last month, Southwest Airlines (NYSE: LUV) received three 737 MAX 8s, and United Airlines (NASDAQ: UAL) took eight 737 MAX 9s. Deliveries resume During December, Boeing delivered at least 22 737 MAX 8 and 737 MAX 9 jets to commercial airlines. That gives Ryanair 210 firm orders and Alaska Airlines 55 firm orders (not counting leased aircraft).
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American Airlines (NASDAQ: AAL) received 10 737 MAX 8s last month, Southwest Airlines (NYSE: LUV) received three 737 MAX 8s, and United Airlines (NASDAQ: UAL) took eight 737 MAX 9s. Deliveries resume During December, Boeing delivered at least 22 737 MAX 8 and 737 MAX 9 jets to commercial airlines. American Airlines, Southwest Airlines, and United Airlines (the three U.S. airlines that took 737 MAX deliveries last month) certainly make the list.
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American Airlines (NASDAQ: AAL) received 10 737 MAX 8s last month, Southwest Airlines (NYSE: LUV) received three 737 MAX 8s, and United Airlines (NASDAQ: UAL) took eight 737 MAX 9s. Deliveries resume During December, Boeing delivered at least 22 737 MAX 8 and 737 MAX 9 jets to commercial airlines. American Airlines, Southwest Airlines, and United Airlines (the three U.S. airlines that took 737 MAX deliveries last month) certainly make the list.
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4817.0
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2021-01-04 00:00:00 UTC
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Why Airline Shares Are Falling Today
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AAL
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https://www.nasdaq.com/articles/why-airline-shares-are-falling-today-2021-01-04
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nan
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What happened
Airlines, as expected, enjoyed a holiday season surge in travel. But the traffic levels were still well off historical highs, and the industry continues to struggle. That is putting airline stocks under pressure on the first day of 2021 trading, with shares of Spirit Airlines (NYSE: SAVE), Delta Air Lines (NYSE: DAL), and American Airlines Group (NASDAQ: AAL) leading the downward push.
So what
The airline industry and its investors will be glad to see 2020 in the books. The pandemic led to a dramatic falloff in travel demand and caused revenue to plummet.
The Transportation Security Administration screened about 324 million passengers in 2020, down dramatically from the 824 million passengers screened in 2019. And while the passenger counts have trended upward in recent months and should continue to do so as the COVID-19 vaccines are distributed, the industry is not expecting to see a recovery to prepandemic travel volumes for years.
Image source: Getty Images.
During the recently completed holiday season, more than 1 million passengers traveled daily on most days, some of the highest single-day totals since the pandemic began. But that is still well off of the 2 million to 2.5 million daily travelers recorded a year prior.
Investors on Monday are taking a glass-half-empty look at the holiday travel figures. American is the most indebted of the U.S. airlines and can least afford a prolonged downturn, while Delta has taken a risky approach in blocking middle seats -- and in doing so, limiting revenue -- even as most of its rivals have resumed filling their cabins.
Spirit is expected to be one of the first airlines to recover, thanks to its industry-low cost structure and its focus on the leisure travelers that are expected to return ahead of business tickets. All the airline stocks have been bid up in recent months on anticipation of a recovery, and investors could be taking gains today as the holiday rally fades.
Now what
The good news for airline investors heading into 2021 is we now know what to expect from the industry. The bad news is we won't see a recovery anytime soon.
The airlines should have the financial wherewithal to survive, but it will be years before they are positioned to thrive. Even if traffic does return ahead of expectations, the carriers have taken on billions in new debt that will have to be repaid before focusing on expansion.
For those with patience and the stomach to handle turbulence, it is safe to buy into the airlines. Just buckle up and be prepared for a long, arduous journey ahead.
10 stocks we like better than Delta Air Lines
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Delta Air Lines 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 November 20, 2020
Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of Spirit Airlines. 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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That is putting airline stocks under pressure on the first day of 2021 trading, with shares of Spirit Airlines (NYSE: SAVE), Delta Air Lines (NYSE: DAL), and American Airlines Group (NASDAQ: AAL) leading the downward push. And while the passenger counts have trended upward in recent months and should continue to do so as the COVID-19 vaccines are distributed, the industry is not expecting to see a recovery to prepandemic travel volumes for years. During the recently completed holiday season, more than 1 million passengers traveled daily on most days, some of the highest single-day totals since the pandemic began.
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That is putting airline stocks under pressure on the first day of 2021 trading, with shares of Spirit Airlines (NYSE: SAVE), Delta Air Lines (NYSE: DAL), and American Airlines Group (NASDAQ: AAL) leading the downward push. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of Spirit Airlines.
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That is putting airline stocks under pressure on the first day of 2021 trading, with shares of Spirit Airlines (NYSE: SAVE), Delta Air Lines (NYSE: DAL), and American Airlines Group (NASDAQ: AAL) leading the downward push. Spirit is expected to be one of the first airlines to recover, thanks to its industry-low cost structure and its focus on the leisure travelers that are expected to return ahead of business tickets. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.
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That is putting airline stocks under pressure on the first day of 2021 trading, with shares of Spirit Airlines (NYSE: SAVE), Delta Air Lines (NYSE: DAL), and American Airlines Group (NASDAQ: AAL) leading the downward push. During the recently completed holiday season, more than 1 million passengers traveled daily on most days, some of the highest single-day totals since the pandemic began. Now what The good news for airline investors heading into 2021 is we now know what to expect from the industry.
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4818.0
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2021-01-04 00:00:00 UTC
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Will Vaccine Shipments Save the Airlines in 2021?
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AAL
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https://www.nasdaq.com/articles/will-vaccine-shipments-save-the-airlines-in-2021-2021-01-04
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The COVID-19 pandemic devastated the airline industry, causing 2020 industrywide revenue to fall by more than 60%. The rollout of a vaccine should eventually help spark a demand recovery, but that will take time.
During a Dec. 16 appearance on Motley Fool Live, Motley Fool contributor Lou Whiteman explained to "The Wrap" host Jason Hall that aviation companies could get an early boost by helping to transport the vaccines to all corners of the globe. He also discussed what stocks could benefit the most from COVID vaccine shipments.
10 stocks we like better than FedEx
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and FedEx wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 20, 2020
Jason Hall: Lou, I'm going to ask you to start this off. We had our conversation some back story here. When I run, I listen to Planet Money a lot, which is a great NPR podcast. A couple of weeks ago, they did an episode that I finally just listened to this week. It was looking at vaccine distribution and the global supply chain. One of the things that they addressed was getting vaccines where they need to get. One of the questions is, can this save the airlines? Because the bottom line is that the freight airlines aren't going to be able to meet the demand, and there's some built-in structural things that make this good for airlines. Lou, fill us in here.
Lou Whiteman: Can vaccine delivery save the airlines? The short answer is no, but the long answer is, this is an interesting question, so let's talk about it. A huge part of the challenge of vaccinating the world is getting the vaccine to all corners of the globe, and for that, as you say, we need a lot of airplanes. The International Air Transport Association, which is a trade group, they estimate that over the next two years, we will need to transport the equivalent of 8,000 planes loaded with 100,000 tons of vaccines apiece. That's a lot of airplanes. Now, a lot of it is going to fly on dedicated cargo. Some is even going to fly on military. But passenger airlines do carry cargo, and they're going to play a big role. The companies we're talking about are mostly the network carriers, American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL) and Delta Air Lines (NYSE: DAL), but also Alaska Air Group (NYSE: ALK) and Hawaiian Holdings (NASDAQ: HA) have a big part to play here as far as domestic goes, because they simply go to out-of-the-way places that other transport services don't go to.
Is that enough to save the airlines? No, not by a long shot. Because despite what the airline PR is going to tell you, and every one of these companies has put out a really slick video about their part and as they should. But the vast majority of these shipments will go through FedEx (NYSE: FDX) and United Parcel Service (NYSE: UPS). They're the ones setup for this. American in particular has good subzero storage capabilities, but they just don't have the resources to really do this in bulk. But what we are going to see is, it's going to be incremental revenue at a time when airlines desperately need it, and added cargo demand can help justify flights that may be marginal at best in terms of passenger demand, so you can actually get incremental passenger revenue if you're flying planes because of the cargo. Looking at the big picture, if you couple vaccine transport with the biggest e-commerce holiday season in history, anyone with transport capacity is going to have a great few months on their cargo side, and that includes the airlines. If you look ahead to the first quarter of 2021, which is usually the slowest part of the year for both airlines and cargo companies, we're going to see a sizable boost, thanks to the vaccine. It's going to be the rare year where there isn't a big DIP in the first quarter. I think for me, the investment takeaway is more by the transports, by FedEx, and not by the airlines on this because they're the ones that are going to get the bulk of the business, and this is their bread and butter. But again, this is going to help ensure the survival of the airlines as they wait for the customers to actually get the vaccines and start flying again, so it's definitely a step in the right direction.
Hall: Yeah, it's just really interesting. Because you think about this from the bigger picture, one of the things that they were talking about in Planet Money is like glass like this, because these vaccines for the most part have to be kept super-duper cold. Most glass, when it's super-duper cold gets really brittle, and even you might have a little microscopic flakes and nobody wants to get glass injected into their veins. One of the bigger issues is going to be access to the enough vials to be able to store it because it's also the same glass that gets used for things like cancer medications. It's not like you're going to make less martini glasses. You have to keep supplying life-saving drugs. The applications, it's weird all these little bottlenecks that flow to the system. But I do think it was really compelling how there is some potential for this to help the airlines but it's not a thesis builder.
Whiteman: To use the glass analogy, we're fortunate that we haven't seen, say, a spike in cancer at the same time where there's actually more demand on that side, but because of the nature of the pandemic and the nature of, we've already talked about, the greatest e-commerce year in history, there is actually more cargo demand right now absent to vaccine. It's coming at a time where demand is harder to come by. What that means is pricing power, particularly on the non-vaccine stuff. Because I don't think FedEx or UPS are going to go to the government and say, hike rates. But on the non-vaccine stuff which desperately needs to get there by a certain day for a holiday season, you were really seeing strong pricing power. As I say, you're going to have a rare first-quarter. Usually the Chinese New Year ruins the first-quarter for our shipping stocks. Vaccines are going to be very good for them this year. I think as an investor, that's when it's really going to be interesting in those first-quarter on this.
Jason Hall has no position in any of the stocks mentioned. Lou Whiteman owns shares of Delta Air Lines and FedEx. The Motley Fool owns shares of and recommends FedEx. The Motley Fool recommends Alaska Air Group, Delta Air Lines, and Hawaiian Holdings. 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 companies we're talking about are mostly the network carriers, American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL) and Delta Air Lines (NYSE: DAL), but also Alaska Air Group (NYSE: ALK) and Hawaiian Holdings (NASDAQ: HA) have a big part to play here as far as domestic goes, because they simply go to out-of-the-way places that other transport services don't go to. If you look ahead to the first quarter of 2021, which is usually the slowest part of the year for both airlines and cargo companies, we're going to see a sizable boost, thanks to the vaccine. But again, this is going to help ensure the survival of the airlines as they wait for the customers to actually get the vaccines and start flying again, so it's definitely a step in the right direction.
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The companies we're talking about are mostly the network carriers, American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL) and Delta Air Lines (NYSE: DAL), but also Alaska Air Group (NYSE: ALK) and Hawaiian Holdings (NASDAQ: HA) have a big part to play here as far as domestic goes, because they simply go to out-of-the-way places that other transport services don't go to. Lou Whiteman owns shares of Delta Air Lines and FedEx. The Motley Fool recommends Alaska Air Group, Delta Air Lines, and Hawaiian Holdings.
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The companies we're talking about are mostly the network carriers, American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL) and Delta Air Lines (NYSE: DAL), but also Alaska Air Group (NYSE: ALK) and Hawaiian Holdings (NASDAQ: HA) have a big part to play here as far as domestic goes, because they simply go to out-of-the-way places that other transport services don't go to. During a Dec. 16 appearance on Motley Fool Live, Motley Fool contributor Lou Whiteman explained to "The Wrap" host Jason Hall that aviation companies could get an early boost by helping to transport the vaccines to all corners of the globe. Whiteman: To use the glass analogy, we're fortunate that we haven't seen, say, a spike in cancer at the same time where there's actually more demand on that side, but because of the nature of the pandemic and the nature of, we've already talked about, the greatest e-commerce year in history, there is actually more cargo demand right now absent to vaccine.
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The companies we're talking about are mostly the network carriers, American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL) and Delta Air Lines (NYSE: DAL), but also Alaska Air Group (NYSE: ALK) and Hawaiian Holdings (NASDAQ: HA) have a big part to play here as far as domestic goes, because they simply go to out-of-the-way places that other transport services don't go to. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Jason Hall: Lou, I'm going to ask you to start this off. Now, a lot of it is going to fly on dedicated cargo.
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4819.0
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2021-01-04 00:00:00 UTC
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Breakingviews - "Big Four" U.S. airlines are going to go down to three
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AAL
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https://www.nasdaq.com/articles/breakingviews-big-four-u.s.-airlines-are-going-to-go-down-to-three-2021-01-04
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nan
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Reuters
Reuters
NEW YORK (Reuters Breakingviews) - U.S. airlines need more than a little help. The “Big Four” – Delta Air Lines, American Airlines, United Airlines and Southwest Airlines – have been pleading for additional bailouts as Covid-19 continues to crimp travel. More cheap money is an option. But consolidation would also help, and probably leave taxpayers – if not consumers – better off. In 2021, the big carriers will shrink from four to three.
Airline mergers aren’t easy. Unionized workforces that rank pilots based on seniority, for example, make it hard to mash companies together. And competition regulators don’t like it when too much power ends up in the hands of too few players, though U.S. antitrust authorities have permitted some industries, such as mobile telephone operators, to concentrate to just three players.
But consolidating makes financial sense. Most other countries have a single flag carrier implicitly or explicitly backed by the state. America doesn’t, but pandemic bailouts have made the Big Four quasi-government-owned, giving the public a stake in their future. And merging hasn’t worked out too badly for consumers so far. Ticket prices adjusted for inflation have halved since 1995, when America’s skies were awash with carriers, according to the Bureau of Transportation Statistics.
American, which has lapped up $13.5 billion in taxpayer cash, is in the worst position. The Texas-based carrier has $25 billion of net debt, roughly 6 times its forecast EBITDA for 2022, according to Refinitiv estimates that assume three-quarters of sales return in two years. United is next but with debt levels only half as daunting.
Yet 2022 is a long way off. If revenue rebounds only 70% while costs remain stable, American’s EBITDA plunges to just $335 million – not a crazy assumption given the expected long-term impact on corporate travel and airlines’ outsize operating leverage. That jeopardizes interest payments.
A deal may be better for taxpayers than restructuring. One between American and a rival might mean ditching routes. Shareholders of the healthier partner may balk at taking on added problems. But cheap government funding could help.
And regulators also have a history of turning blind eyes to competition concerns during a crisis, such as in 2008 when JPMorgan bought Bear Stearns and Bank of America scooped up Merrill Lynch. If the alternative is bankruptcy, a merger stamped by the government can’t be ruled out.
- This is a Breakingviews prediction for 2021. To see more of our predictions, click https://www.breakingviews.com/tag/predictions-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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The Texas-based carrier has $25 billion of net debt, roughly 6 times its forecast EBITDA for 2022, according to Refinitiv estimates that assume three-quarters of sales return in two years. If revenue rebounds only 70% while costs remain stable, American’s EBITDA plunges to just $335 million – not a crazy assumption given the expected long-term impact on corporate travel and airlines’ outsize operating leverage. And regulators also have a history of turning blind eyes to competition concerns during a crisis, such as in 2008 when JPMorgan bought Bear Stearns and Bank of America scooped up Merrill Lynch.
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Reuters Reuters NEW YORK (Reuters Breakingviews) - U.S. airlines need more than a little help. The “Big Four” – Delta Air Lines, American Airlines, United Airlines and Southwest Airlines – have been pleading for additional bailouts as Covid-19 continues to crimp travel.
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The “Big Four” – Delta Air Lines, American Airlines, United Airlines and Southwest Airlines – have been pleading for additional bailouts as Covid-19 continues to crimp travel. The Texas-based carrier has $25 billion of net debt, roughly 6 times its forecast EBITDA for 2022, according to Refinitiv estimates that assume three-quarters of sales return in two years. If revenue rebounds only 70% while costs remain stable, American’s EBITDA plunges to just $335 million – not a crazy assumption given the expected long-term impact on corporate travel and airlines’ outsize operating leverage.
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NEW YORK (Reuters Breakingviews) - U.S. airlines need more than a little help. The “Big Four” – Delta Air Lines, American Airlines, United Airlines and Southwest Airlines – have been pleading for additional bailouts as Covid-19 continues to crimp travel. But consolidation would also help, and probably leave taxpayers – if not consumers – better off.
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4820.0
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2021-01-04 00:00:00 UTC
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Major U.S. airlines back 'global' COVID-19 testing requirements -letter
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AAL
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https://www.nasdaq.com/articles/major-u.s.-airlines-back-global-covid-19-testing-requirements-letter-2021-01-04
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By David Shepardson
WASHINGTON, Jan 4 (Reuters) - A group representing major U.S. airlines on Monday backed a proposal by public health officials to implement a global testing program requiring negative tests before most international air passengers return to the United States, according to a letter seen by Reuters.
Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers also urged the Trump administration in a letter to Vice President Mike Pence "to move ahead with recommendations to rescind current entry restrictions on travelers from Europe, the United Kingdom and Brazil as soon as possible. These entry restrictions should be removed concurrently with the testing program."
In November, Reuters reported that the White House was considering rescinding restrictions that ban most non U.S. citizens from traveling to the United States from the 26 members of the Schengen area that allow travel across open borders, the United Kingdom, Ireland and Brazil.
"We believe a well-planned program focused on increasing testing of travelers to the United States will further these objectives in a much more effective way than the blanket travel restrictions currently in place," the airlines' letter said.
Airlines support a Centers Disease Control and Prevention (CDC) proposal to implement "a global program to require testing for travelers to the United States," the letter added.
A senior administration official said the CDC proposal to expand international testing requirements faces significant opposition from people at senior levels of the administration, including in Pence's office.
The CDC on Dec. 28 began requiring all airline passengers arriving from Britain - including U.S. citizens - to test negative for COVID-19 within 72 hours of departure.
Airlines are seeking at least 14 days before new requirements take effect and "consideration of inadequate testing and results availability in specific countries rather than a blanket worldwide requirement is also needed," the letter said.
(Reporting by David Shepardson Editing by Chris Reese and Nick Zieminski)
((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 that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers also urged the Trump administration in a letter to Vice President Mike Pence "to move ahead with recommendations to rescind current entry restrictions on travelers from Europe, the United Kingdom and Brazil as soon as possible. By David Shepardson WASHINGTON, Jan 4 (Reuters) - A group representing major U.S. airlines on Monday backed a proposal by public health officials to implement a global testing program requiring negative tests before most international air passengers return to the United States, according to a letter seen by Reuters. Airlines support a Centers Disease Control and Prevention (CDC) proposal to implement "a global program to require testing for travelers to the United States," the letter added.
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Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers also urged the Trump administration in a letter to Vice President Mike Pence "to move ahead with recommendations to rescind current entry restrictions on travelers from Europe, the United Kingdom and Brazil as soon as possible. By David Shepardson WASHINGTON, Jan 4 (Reuters) - A group representing major U.S. airlines on Monday backed a proposal by public health officials to implement a global testing program requiring negative tests before most international air passengers return to the United States, according to a letter seen by Reuters. Airlines support a Centers Disease Control and Prevention (CDC) proposal to implement "a global program to require testing for travelers to the United States," the letter added.
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Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers also urged the Trump administration in a letter to Vice President Mike Pence "to move ahead with recommendations to rescind current entry restrictions on travelers from Europe, the United Kingdom and Brazil as soon as possible. By David Shepardson WASHINGTON, Jan 4 (Reuters) - A group representing major U.S. airlines on Monday backed a proposal by public health officials to implement a global testing program requiring negative tests before most international air passengers return to the United States, according to a letter seen by Reuters. Airlines support a Centers Disease Control and Prevention (CDC) proposal to implement "a global program to require testing for travelers to the United States," the letter added.
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Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers also urged the Trump administration in a letter to Vice President Mike Pence "to move ahead with recommendations to rescind current entry restrictions on travelers from Europe, the United Kingdom and Brazil as soon as possible. By David Shepardson WASHINGTON, Jan 4 (Reuters) - A group representing major U.S. airlines on Monday backed a proposal by public health officials to implement a global testing program requiring negative tests before most international air passengers return to the United States, according to a letter seen by Reuters. These entry restrictions should be removed concurrently with the testing program."
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4821.0
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2021-01-04 00:00:00 UTC
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Major U.S. airlines back expanding COVID-19 testing for more international travelers
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AAL
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https://www.nasdaq.com/articles/major-u.s.-airlines-back-expanding-covid-19-testing-for-more-international-travelers-2021
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WASHINGTON, Jan 4 (Reuters) - A group representing major U.S. airlines on Monday backed a proposal by public health officials to implement a global testing program requiring negative tests before most international air passengers return to the United States, according to a letter seen by Reuters.
Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers also urged the Trump administration in a letter to Vice President Mike Pence "to move ahead with recommendations to rescind current entry restrictions on travelers from Europe, the United Kingdom and Brazil as soon as possible. These entry restrictions should be removed concurrently with the testing program."
(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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Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers also urged the Trump administration in a letter to Vice President Mike Pence "to move ahead with recommendations to rescind current entry restrictions on travelers from Europe, the United Kingdom and Brazil as soon as possible. WASHINGTON, Jan 4 (Reuters) - A group representing major U.S. airlines on Monday backed a proposal by public health officials to implement a global testing program requiring negative tests before most international air passengers return to the United States, according to a letter seen by Reuters. (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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Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers also urged the Trump administration in a letter to Vice President Mike Pence "to move ahead with recommendations to rescind current entry restrictions on travelers from Europe, the United Kingdom and Brazil as soon as possible. WASHINGTON, Jan 4 (Reuters) - A group representing major U.S. airlines on Monday backed a proposal by public health officials to implement a global testing program requiring negative tests before most international air passengers return to the United States, according to a letter seen by Reuters. These entry restrictions should be removed concurrently with the testing program."
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Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers also urged the Trump administration in a letter to Vice President Mike Pence "to move ahead with recommendations to rescind current entry restrictions on travelers from Europe, the United Kingdom and Brazil as soon as possible. WASHINGTON, Jan 4 (Reuters) - A group representing major U.S. airlines on Monday backed a proposal by public health officials to implement a global testing program requiring negative tests before most international air passengers return to the United States, according to a letter seen by Reuters. (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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Airlines for America, a group that represents American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and other major carriers also urged the Trump administration in a letter to Vice President Mike Pence "to move ahead with recommendations to rescind current entry restrictions on travelers from Europe, the United Kingdom and Brazil as soon as possible. WASHINGTON, Jan 4 (Reuters) - A group representing major U.S. airlines on Monday backed a proposal by public health officials to implement a global testing program requiring negative tests before most international air passengers return to the United States, according to a letter seen by Reuters. These entry restrictions should be removed concurrently with the testing program."
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4822.0
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2021-01-03 00:00:00 UTC
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The Top 50 Robinhood Stocks in 2021
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AAL
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https://www.nasdaq.com/articles/the-top-50-robinhood-stocks-in-2021-2021-01-03
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nan
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nan
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One of the most volatile years on record for the stock market has officially come to a close. Despite losing over a third of its value during the first quarter, the widely followed S&P 500 ended the year on a high note, with the index advancing by a double-digit percentage.
For some investors, volatility can be unnerving. But for millennial and novice investors, it's been an insatiable lure.
Image source: Getty Images.
Millennials are flocking to Robinhood
Online investing app Robinhood, which is best-known for its commission-free trades, fractional share investing, and gifting of free shares of stock to new members, has been particularly popular among younger investors. With an average user age of 31, Robinhood gained an estimated 3 million new users in 2020.
In one sense, it's fantastic to see young investors putting their money to work in the greatest wealth creator on the planet. Historically, the stock market has doubled about once every decade, including dividend reinvestment. Over four decades, an initial investment would increase 1,500%, hypothetically assuming that the historic average return holds true.
On the other hand, Robinhood hasn't exactly provided these millennial and novice investors with the tools and education they're going to need to be successful over the long run. As a result, Robinhood's leaderboard (i.e., the most-held stocks on the platform) is a mix a brand-name companies and absolute head-scratching dart throws.
As we move headlong into a new year, here are the top 50 Robinhood stocks for 2021, as ranked by the platform's leaderboard.
COMPANY COMPANY
1. Apple 26. Fitbit
2. Tesla Motors (NASDAQ: TSLA) 27. OrganiGram
3. General Electric 28. JetBlue Airways
4. Ford Motor 29. Nikola
5. American Airlines Group (NASDAQ: AAL) 30. Royal Caribbean Group
6. Pfizer 31. Spirit Airlines
7. Carnival 32. Southwest Airlines
8. Delta Air Lines 33. Genius Brands
9. NIO (NYSE: NIO) 34. Twitter
10. Disney 35. Prospect Capital
11. Moderna 36. Netflix
12. Amazon 37. Coca-Cola
13. Microsoft 38. Direxion Daily S&P Oil & Gas Bull 2X
14. GoPro 39. MGM Resorts
15. Aurora Cannabis (NYSE: ACB) 40. Workhorse Group
16. Plug Power 41. Facebook
17. Norwegian Cruise Line (NYSE: NCLH) 42. AT&T
18. Snap 43. Uber Technologies
19. Marathon Oil 44. Canopy Growth
20. United Airlines 45. ExxonMobil
21. Bank of America 46. Starbucks
22. Aphria 47. Draftkings
23. Alibaba 48. Inovio Pharmaceuticals
24. AMC Entertainment 49. Palantir Technologies
25. Boeing 50. Virgin Galactic
Data source: Robinhood, current as of 12/29/2020. Table by author.
What stands out?
Now that you've had a closer look at what millennial and novice investors have been buying, let's take a closer look at some of the standout trends.
A dangerous obsession with travel stocks
The first thing that jumps about from this list of the 50 most-held Robinhood stocks is just how many top holdings are airlines or cruise line companies. It's absolutely frightening that six of the top 32 most-held stocks are capital-intensive, low-margin, and generally debt-ridden airline stocks.
American Airlines, which happens to be the fifth-most-held stock on the entire platform, is lugging around more than $41 billion in debt. Though it's had access to coronavirus relief loans, the debt it's carrying around will minimize its financial flexibility for many years to come. To boot, we don't know when air travel is going to get back to pre-coronavirus disease 2019 (COVID-19) levels, and most airline stocks, including American, have suspended their dividends and share buybacks.
Among cruise lines, Norwegian nearly capsized in May when it warned Wall Street about its ability to raise capital to stay afloat. Management has, thankfully, been aggressive with its cost-cutting and capital-raising tactics. Nevertheless, it could be years before the cruise industry is back to its former glory.
Image source: Getty Images.
Young investors love cannabis
It's no secret that, when broken down by age group, people between the ages of 18 and 34 have the most favorable view of marijuana. That's why it's no surprise to find four marijuana stocks among the 50 most-held stocks on the platform.
At one time, Aurora Cannabis was the most-held stock on Robinhood. But after declining by close to 90% over the trailing three years, it appears to have lost most of its allure with millennials. Aurora Cannabis has been financing its day-to-day operations and acquisitions with its common stock for years, which is ultimately responsible for diluting the daylights out of the company's long-term shareholders.
Arguably Robinhood's biggest flaw is that it doesn't allow its users to purchase stocks listed on the over-the-counter (OTC) exchange. In some ways that's a positive thing, as there are a sea of bad-news penny stocks listed on the OTC boards. But many of the best U.S. marijuana stocks are listed on the OTC exchange. In short, millennials have been stuck investing in some of the worst cannabis stocks.
A Tesla Model S plugged in for charging. Image source: Tesla.
Renewable energy is on their mind
Young investors are also enthralled with the idea of putting their money to work in renewable energy stocks. More specifically, Robinhood's top 50 contains four electric-vehicle (EV) stocks and Plug Power, which is focused on hydrogen fuel cell solutions. Technically, General Motors and Ford can also be added to the list, given that they're investing billions each year into EVs and autonomous vehicle technology.
Robinhood investors have always had an affinity for chasing big gains, which is probably why Tesla and NIO have catapulted into the top 10 most-held stocks. Tesla was the top-performing megacap stock in 2020, with NIO catapulting more than 1,000% at one point. Millennials rightly understand that EVs are the future of the auto industry, and they want to get in early on that investment.
However, meeting exceptionally lofty expectations could be difficult for Tesla, NIO, and a host of other EV manufacturers. Tesla is only making around 500,000 EVs annually, yet holds a valuation that's as big as multiple established car brands on a combined basis. Meanwhile, NIO has a nearly $69 billion market cap and is only delivering around 50,000 EVs on annual run-rate basis. Suffice it to say, renewable energy is a high-growth but risky bet in 2021.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. 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 Amazon, AT&T, Bank of America, ExxonMobil, and Facebook. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Amazon, Apple, Facebook, Microsoft, Netflix, OrganiGram Holdings, Starbucks, Tesla, Twitter, Virgin Galactic Holdings Inc, and Walt Disney. The Motley Fool owns shares of Fitbit, Palantir Technologies Inc., and Spirit Airlines. The Motley Fool recommends Carnival, Delta Air Lines, JetBlue Airways, Southwest Airlines, and Uber Technologies and recommends the following options: short January 2021 $135 calls on Walt Disney, long January 2022 $1920 calls on Amazon, short January 2021 $100 calls on Starbucks, long January 2021 $60 calls on Walt Disney, and short January 2022 $1940 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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American Airlines Group (NASDAQ: AAL) 30. As a result, Robinhood's leaderboard (i.e., the most-held stocks on the platform) is a mix a brand-name companies and absolute head-scratching dart throws. To boot, we don't know when air travel is going to get back to pre-coronavirus disease 2019 (COVID-19) levels, and most airline stocks, including American, have suspended their dividends and share buybacks.
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American Airlines Group (NASDAQ: AAL) 30. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Amazon, Apple, Facebook, Microsoft, Netflix, OrganiGram Holdings, Starbucks, Tesla, Twitter, Virgin Galactic Holdings Inc, and Walt Disney. The Motley Fool owns shares of Fitbit, Palantir Technologies Inc., and Spirit Airlines.
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American Airlines Group (NASDAQ: AAL) 30. A dangerous obsession with travel stocks The first thing that jumps about from this list of the 50 most-held Robinhood stocks is just how many top holdings are airlines or cruise line companies. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Amazon, Apple, Facebook, Microsoft, Netflix, OrganiGram Holdings, Starbucks, Tesla, Twitter, Virgin Galactic Holdings Inc, and Walt Disney.
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American Airlines Group (NASDAQ: AAL) 30. A dangerous obsession with travel stocks The first thing that jumps about from this list of the 50 most-held Robinhood stocks is just how many top holdings are airlines or cruise line companies. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Amazon, Apple, Facebook, Microsoft, Netflix, OrganiGram Holdings, Starbucks, Tesla, Twitter, Virgin Galactic Holdings Inc, and Walt Disney.
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4823.0
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2020-12-31 00:00:00 UTC
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More Room For Growth In JetBlue Stock?
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AAL
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https://www.nasdaq.com/articles/more-room-for-growth-in-jetblue-stock-2020-12-31
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nan
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The $25 billion payroll support under the CARES Act supported the Airline Industry and avoided mass furloughs. However, the ongoing slump continues to weigh on air travel demand as carriers operate at 50% of their capacity and TSA checkpoint numbers remain 60% below the prior year level. JetBlue Airways (NASDAQ: JBLU) observed only $223 million of operating cash outflow for the first nine months due to the CARES Act grant. Considering another $15 billion pandemic aid package for airlines, Trefis believes the $1.6 billion drop in the company’s market capitalization looks unwarranted. 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, 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 65% 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 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 in Recent Years Look Stable
JetBlue Airways’ Revenues grew by 15% from $7 billion in 2017 to $8.1 billion in 2019, supported by capacity growth and ticket prices. However, the company’s margins deteriorated due to higher fuel expenses and administrative costs. Thus, the EPS decreased by 45% from $3.47 in 2017 to $1.92 in 2019. In Q3 2020, the company’s revenues fell by 76% (y-o-y) as the capacity (ASMs) dropped by 58% and the passenger load factor plummeted to 42.6%.
Does JetBlue Airways Have A Sufficient Cash Cushion To Meet Its Obligations Through The Coronavirus Crisis?
JetBlue Airways total debt increased from $1.8 billion in 2017 to $4.8 billion at the end of Q3 2020, while its total cash also surged from $1 billion to $2.9 billion over the same period. Considering a daily cash burn rate of $5 million, the company is in a good position to weather the crisis for more than a year.
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
July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment
Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in JetBlue Airways stock.
What if you’re looking for a more balanced portfolio instead? Here’s a high quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
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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However, the ongoing slump continues to weigh on air travel demand as carriers operate at 50% of their capacity and TSA checkpoint numbers remain 60% below the prior year level. JetBlue Airways (NASDAQ: JBLU) observed only $223 million of operating cash outflow for the first nine months due to the CARES Act grant. 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 July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in JetBlue Airways stock.
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The $25 billion payroll support under the CARES Act supported the Airline Industry and avoided mass furloughs. 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 July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in JetBlue Airways 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 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 in Recent Years Look Stable JetBlue Airways’ Revenues grew by 15% from $7 billion in 2017 to $8.1 billion in 2019, supported 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 July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in JetBlue Airways 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 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 in Recent Years Look Stable JetBlue Airways’ Revenues grew by 15% from $7 billion in 2017 to $8.1 billion in 2019, supported 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 July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in JetBlue Airways stock.
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4824.0
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2020-12-31 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Exxon, Tribune Publishing, Ebang International, FAANG stocks
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-exxon-tribune-publishing-ebang-international-faang-stocks
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stocks were flat in thin trading on Thursday, but the S&P 500 and the Nasdaq were set to end 2020 with solid gains on hopes of more stimulus and coronavirus vaccines to support the domestic economy. .N
At 10:47 a.m. ET, the Dow Jones Industrial Average .DJI was down 0.06% at 30,392.07. The S&P 500 .SPX was up 0.03% at 3,733.27 and the Nasdaq Composite .IXIC was down 0.04% at 12,864.215. The top three S&P 500 .PG.INX percentage gainers: ** Western Digital , up 8.4% ** Micron Technology Inc , up 4.9% ** Mosaic Co , up 3.7% The top three S&P 500 .PL.INX percentage losers: ** Lam Research , down 2.5% ** American Airlines , down 2% ** TechnipFMC PLC , down 1.7% The top three NYSE .PG.N percentage gainers: ** Ashford Inc , up 56.5% ** AeroCentury , up 40.1% ** Intrepid Potash Inc , up 38.3% The top three NYSE .PL.N percentage losers: ** Zedge Inc , down 11.7% ** Romeo Power Inc , down 10.4% ** Fubotv Inc , down 10% The top three Nasdaq .PG.O percentage gainers: ** Hoth Therapeutics , up 56.9% ** Tekkorp Digital Acquisition Equity Warrant , up 27.8% ** Airnet Technology Inc , up 27.3% The top three Nasdaq .PL.O percentage losers: ** Professional Diversity Network , down 23.7% ** Tottenham Acquisition I Ltd , down 18.8% ** HighPeak Energy Equity Warrants , down 18.1% ** Exxon XOM.N: down 0.4%
BUZZ-Brokerages sees Q4 update as neutral
** Tribune Publishing Co TPCO.O: up 9.2%
BUZZ-Rises on buyout bid from largest shareholder
** Orbital Energy Group OEG.O: down 15.1%
BUZZ-Down after pricing $10 mln direct offering
** Ebang International EBON.O: up 20.1%
BUZZ-Jumps on cryptocurrency exchange launch plan
** Hoth Therapeutics HOTH.O: up 56.9%
BUZZ-Surges on production agreement for cancer drug
** Enphase Energy ENPH.O: up 2.6%
BUZZ-Rises ahead of promotion to S&P 500
** Amazon.com Inc AMZN.O: down 0.6%
** Netflix Inc NFLX.O: up 3.6%
** Facebook Inc FB.O: up 0.3%
** Alphabet Inc GOOGL.O: up 0.4%
** Apple Inc AAPL.O: down 0.5%
BUZZ-FAANG year in review: Apple leads the $6 trln pack in a year marked by pandemic
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.64%
Consumer Discretionary
.SPLRCD
down 0.08%
Consumer Staples
.SPLRCS
down 0.09%
Energy
.SPNY
down 0.45%
Financial
.SPSY
up 0.24%
Health
.SPXHC
down 0.13%
Industrial
.SPLRCI
flat
Information Technology
.SPLRCT
down 0.07%
Materials
.SPLRCM
up 0.10%
Real Estate
.SPLRCR
down 0.18%
Utilities
.SPLRCU
up 0.19%
(Compiled by Shreyasee Raj)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks were flat in thin trading on Thursday, but the S&P 500 and the Nasdaq were set to end 2020 with solid gains on hopes of more stimulus and coronavirus vaccines to support the domestic economy. The top three S&P 500 .PG.INX percentage gainers: ** Western Digital , up 8.4% ** Micron Technology Inc , up 4.9% ** Mosaic Co , up 3.7% The top three S&P 500 .PL.INX percentage losers: ** Lam Research , down 2.5% ** American Airlines , down 2% ** TechnipFMC PLC , down 1.7% The top three NYSE .PG.N percentage gainers: ** Ashford Inc , up 56.5% ** AeroCentury , up 40.1% ** Intrepid Potash Inc , up 38.3% The top three NYSE .PL.N percentage losers: ** Zedge Inc , down 11.7% ** Romeo Power Inc , down 10.4% ** Fubotv Inc , down 10% The top three Nasdaq .PG.O percentage gainers: ** Hoth Therapeutics , up 56.9% ** Tekkorp Digital Acquisition Equity Warrant , up 27.8% ** Airnet Technology Inc , up 27.3% The top three Nasdaq .PL.O percentage losers: ** Professional Diversity Network , down 23.7% ** Tottenham Acquisition I Ltd , down 18.8% ** HighPeak Energy Equity Warrants , down 18.1% ** Exxon XOM.N: down 0.4% BUZZ-Brokerages sees Q4 update as neutral ** Tribune Publishing Co TPCO.O: up 9.2% BUZZ-Rises on buyout bid from largest shareholder ** Orbital Energy Group OEG.O: down 15.1% BUZZ-Down after pricing $10 mln direct offering ** Ebang International EBON.O: up 20.1% BUZZ-Jumps on cryptocurrency exchange launch plan ** Hoth Therapeutics HOTH.O: up 56.9% BUZZ-Surges on production agreement for cancer drug ** Enphase Energy ENPH.O: up 2.6% BUZZ-Rises ahead of promotion to S&P 500 ** Amazon.com Inc AMZN.O: down 0.6% ** Netflix Inc NFLX.O: up 3.6% ** Facebook Inc FB.O: up 0.3% ** Alphabet Inc GOOGL.O: up 0.4% ** Apple Inc AAPL.O: down 0.5% BUZZ-FAANG year in review: Apple leads the $6 trln pack in a year marked by pandemic The 11 major S&P 500 sectors: Communication Services up 0.19% (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks were flat in thin trading on Thursday, but the S&P 500 and the Nasdaq were set to end 2020 with solid gains on hopes of more stimulus and coronavirus vaccines to support the domestic economy. The top three S&P 500 .PG.INX percentage gainers: ** Western Digital , up 8.4% ** Micron Technology Inc , up 4.9% ** Mosaic Co , up 3.7% The top three S&P 500 .PL.INX percentage losers: ** Lam Research , down 2.5% ** American Airlines , down 2% ** TechnipFMC PLC , down 1.7% The top three NYSE .PG.N percentage gainers: ** Ashford Inc , up 56.5% ** AeroCentury , up 40.1% ** Intrepid Potash Inc , up 38.3% The top three NYSE .PL.N percentage losers: ** Zedge Inc , down 11.7% ** Romeo Power Inc , down 10.4% ** Fubotv Inc , down 10% The top three Nasdaq .PG.O percentage gainers: ** Hoth Therapeutics , up 56.9% ** Tekkorp Digital Acquisition Equity Warrant , up 27.8% ** Airnet Technology Inc , up 27.3% The top three Nasdaq .PL.O percentage losers: ** Professional Diversity Network , down 23.7% ** Tottenham Acquisition I Ltd , down 18.8% ** HighPeak Energy Equity Warrants , down 18.1% ** Exxon XOM.N: down 0.4% BUZZ-Brokerages sees Q4 update as neutral ** Tribune Publishing Co TPCO.O: up 9.2% BUZZ-Rises on buyout bid from largest shareholder ** Orbital Energy Group OEG.O: down 15.1% BUZZ-Down after pricing $10 mln direct offering ** Ebang International EBON.O: up 20.1% BUZZ-Jumps on cryptocurrency exchange launch plan ** Hoth Therapeutics HOTH.O: up 56.9% BUZZ-Surges on production agreement for cancer drug ** Enphase Energy ENPH.O: up 2.6% BUZZ-Rises ahead of promotion to S&P 500 ** Amazon.com Inc AMZN.O: down 0.6% ** Netflix Inc NFLX.O: up 3.6% ** Facebook Inc FB.O: up 0.3% ** Alphabet Inc GOOGL.O: up 0.4% ** Apple Inc AAPL.O: down 0.5% BUZZ-FAANG year in review: Apple leads the $6 trln pack in a year marked by pandemic The 11 major S&P 500 sectors: Communication Services flat Information Technology
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks were flat in thin trading on Thursday, but the S&P 500 and the Nasdaq were set to end 2020 with solid gains on hopes of more stimulus and coronavirus vaccines to support the domestic economy. ET, the Dow Jones Industrial Average .DJI was down 0.06% at 30,392.07. The top three S&P 500 .PG.INX percentage gainers: ** Western Digital , up 8.4% ** Micron Technology Inc , up 4.9% ** Mosaic Co , up 3.7% The top three S&P 500 .PL.INX percentage losers: ** Lam Research , down 2.5% ** American Airlines , down 2% ** TechnipFMC PLC , down 1.7% The top three NYSE .PG.N percentage gainers: ** Ashford Inc , up 56.5% ** AeroCentury , up 40.1% ** Intrepid Potash Inc , up 38.3% The top three NYSE .PL.N percentage losers: ** Zedge Inc , down 11.7% ** Romeo Power Inc , down 10.4% ** Fubotv Inc , down 10% The top three Nasdaq .PG.O percentage gainers: ** Hoth Therapeutics , up 56.9% ** Tekkorp Digital Acquisition Equity Warrant , up 27.8% ** Airnet Technology Inc , up 27.3% The top three Nasdaq .PL.O percentage losers: ** Professional Diversity Network , down 23.7% ** Tottenham Acquisition I Ltd , down 18.8% ** HighPeak Energy Equity Warrants , down 18.1% ** Exxon XOM.N: down 0.4% BUZZ-Brokerages sees Q4 update as neutral ** Tribune Publishing Co TPCO.O: up 9.2% BUZZ-Rises on buyout bid from largest shareholder ** Orbital Energy Group OEG.O: down 15.1% BUZZ-Down after pricing $10 mln direct offering ** Ebang International EBON.O: up 20.1% BUZZ-Jumps on cryptocurrency exchange launch plan ** Hoth Therapeutics HOTH.O: up 56.9% BUZZ-Surges on production agreement for cancer drug ** Enphase Energy ENPH.O: up 2.6% BUZZ-Rises ahead of promotion to S&P 500 ** Amazon.com Inc AMZN.O: down 0.6% ** Netflix Inc NFLX.O: up 3.6% ** Facebook Inc FB.O: up 0.3% ** Alphabet Inc GOOGL.O: up 0.4% ** Apple Inc AAPL.O: down 0.5% BUZZ-FAANG year in review: Apple leads the $6 trln pack in a year marked by pandemic The 11 major S&P 500 sectors: Communication Services
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks were flat in thin trading on Thursday, but the S&P 500 and the Nasdaq were set to end 2020 with solid gains on hopes of more stimulus and coronavirus vaccines to support the domestic economy. ET, the Dow Jones Industrial Average .DJI was down 0.06% at 30,392.07. The S&P 500 .SPX was up 0.03% at 3,733.27 and the Nasdaq Composite .IXIC was down 0.04% at 12,864.215.
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4825.0
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2020-12-31 00:00:00 UTC
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Interesting AAL Put And Call Options For February 2021
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AAL
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https://www.nasdaq.com/articles/interesting-aal-put-and-call-options-for-february-2021-2020-12-31
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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 begin trading today, for the February 2021 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new February 2021 contracts and identified one put and one call contract of particular interest.
The put contract at the $15.50 strike price has a current bid of $1.16. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $15.50, but will also collect the premium, putting the cost basis of the shares at $14.34 (before broker commissions). To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $15.85/share today.
Because the $15.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 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 7.48% return on the cash commitment, or 63.53% 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 $15.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $16.50 strike price has a current bid of $1.05. If an investor was to purchase shares of AAL stock at the current price level of $15.85/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $16.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.73% if the stock gets called away at the February 2021 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 $16.50 strike highlighted in red:
Considering the fact that the $16.50 strike represents an approximate 4% 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 6.62% boost of extra return to the investor, or 56.23% 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 $15.85) to be 101%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks with Recent Secondaries »
The views and 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 $16.50 strike highlighted in red: Considering the fact that the $16.50 strike represents an approximate 4% 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 begin trading today, for the February 2021 expiration.
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Below is a chart showing AAL's trailing twelve month trading history, with the $16.50 strike highlighted in red: Considering the fact that the $16.50 strike represents an approximate 4% 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 begin trading today, for the February 2021 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new February 2021 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 $16.50 strike highlighted in red: Considering the fact that the $16.50 strike represents an approximate 4% 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 begin trading today, for the February 2021 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new February 2021 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 $16.50 strike highlighted in red: Considering the fact that the $16.50 strike represents an approximate 4% 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 begin trading today, for the February 2021 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new February 2021 contracts and identified one put and one call contract of particular interest.
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4826.0
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2020-12-31 00:00:00 UTC
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5 Stocks to Sell Right Now
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AAL
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https://www.nasdaq.com/articles/5-stocks-to-sell-right-now-2020-12-31
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nan
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nan
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Congratulations, investors! You've made it! We're less than 24 hours from closing the curtain on 2020, which for most folks can't come soon enough.
Although the stock market was incredibly volatile this year, 2020 will go down as yet another green year. In fact, it'll mark the 38th time in the past 46 years that the benchmark S&P 500's total return (including dividends) was positive. But this doesn't mean all stocks fared well.
With this being the last day of the year to take advantage of tax-loss harvesting, I'd suggest selling the following five poorly performing stocks right now.
Image source: Getty Images.
Aurora Cannabis
U.S. marijuana stocks had a pretty good year. However, the same can't be said of our neighbors to the north, which are still struggling with federal and provincial regulatory issues. Having lost two-thirds of its value in 2020 and 88% over the trailing three-year period, it's time for investors to take their lumps and move on from Aurora Cannabis (NYSE: ACB).
Perhaps the biggest issue with Aurora is its complete disregard for its shareholders. For the past six years, the company has financed its day-to-day operations and acquisitions by selling its own stock. Since April 2019, it's done this via at-the-market (ATM) offerings. The company has already completed separate ATM offerings of $400 million and $250 million, and recently introduced another $500 million ATM offering. The point is that Aurora's outstanding share count has ballooned over 11,800% in the past six years. As this share count rises, existing investors are being diluted into oblivion.
Investors should also be skeptical of management's efforts to reach positive earnings before interest, taxes, depreciation, and amortization (EBITDA). Aurora's executives have moved the goalpost to reach positive EBITDA on numerous occasions, even with stringent cost cuts, which have included closing five smaller facilities and halting construction on two large projects. It's a pot stock worth selling right now.
The now-retired Nikola Badger EV pickup truck. Image source: Nikola.
Nikola
Even though its shares are technically up 33% in 2020, the vast majority of investors who piled into electric-vehicle (EV) stock Nikola (NASDAQ: NKLA) did so well after it began its mid-summer romp higher. Over the past six months, it has shed 78% of its value.
The Nikola story looked promising in September when it appeared close to securing a $2 billion equity investment from General Motors (NYSE: GM). It was expected that General Motors would handle the production of Nikola's first mass-produced EV pickup truck, the Badger. But after many months of discussions, the deal fell through. GM and Nikola are still working together in some capacity, but there's no equity investment involved, and GM isn't building the Badger for Nikola. In fact, Nikola retired the Badger before any vehicles were produced.
To make matters worse, Nikola is being probed by the Securities and Exchange Commission (SEC) following allegations from short-side firm Hindenburg Research that Nikola and its founder, Trevor Milton, engaged in fraud. It's worth pointing out that Milton also stepped down from his role as executive chairman via a middle-of-the-night tweet, which is odd, to say the least.
Nikola is a stock that investors can confidently sell right now to preserve their remaining capital.
Image source: American Airlines.
American Airlines Group
Another stock that's a long overdue sell is American Airlines Group (NASDAQ: AAL). The airline industry is a capital-intensive, low-margin operating model, and American is very likely the worst of the worst in this truly avoidable industry.
One of the most notable issues for American Airlines is its balance sheet. It's no secret that the coronavirus outbreak is disrupting air travel like never before, and it's unclear when travelers will return to the skies. American has had to raise capital and seek coronavirus disease 2019 (COVID-19) relief loans to ensure it has enough money to navigate its way through this mess. However, its balance sheet now features about $33 billion in net debt and over $41 billion in total debt. Even if it survives this recession, the company will be strangled by its debt for years to come.
As my Foolish colleague Adam Levine-Weinberg pointed out, American Airlines also has a history of wasting investors' money. Back in 2018, it chose to retire commercial planes well before their useful period was up. Modernizing its fleet before it was needed is yet another reason American's debt load is higher than all other airline stocks.
Now with no dividend or share buybacks, American Airlines' stock is wholly avoidable.
Image source: Getty Images.
Occidental Petroleum
Oil stocks were also clobbered by the COVID-19 pandemic. Lockdowns during the spring in the U.S. and other developed countries caused crude oil demand to crater and, for a brief period, pushed West Texas Intermediate futures into negative territory. This all spells bad news for U.S. shale producer Occidental Petroleum (NYSE: OXY), which is down 57% in 2020 through this past weekend.
Occidental's acquisition of Anadarko, which closed in 2019, simply couldn't have come at a worse time. To be fair, no one could have foreseen the unprecedented disruption that COVID-19 would cause in the oil industry. Nevertheless, it's left Occidental with over $41 billion in outstanding debt, which threatens the long-term viability of the company. Without major divestitures and significant cost-cutting, it's unclear if Occidental will survive to see the long term.
What's more, Occidental Petroleum took a $10 billion investment from Warren Buffett's Berkshire Hathaway in 2019 to help facilitate the Anadarko buyout. In return, Berkshire received preferred stock with an 8% annual yield. Occidental either has to fork over $200 million in cash each quarter to Buffett's company or issue common stock to Berkshire Hathaway in the amount of $200 million.
Suffice it to say, Occidental is in some serious trouble, and selling now to preserve what's left of your initial investment might be a smart idea.
Image source: Getty Images.
Biogen
Lastly, investors should strongly consider dumping biotech blue chip Biogen (NASDAQ: BIIB), which has been whipsawed by Food and Drug Administration (FDA) panel votes and legal battles in 2020. Shares are down 16% through this past weekend.
One of the biggest cash-flow drivers for years has been multiple sclerosis (MS) blockbuster drug Tecfidera. Through the first nine months of 2020, Tecfidera has generated about $3.2 billion in sales. The problem is that Biogen lost a key patent battle in court earlier this year, paving the way for generic drugmakers to launch copycats of its MS blockbuster. Previously expected to be protected through 2028, Tecfidera's cash flow could be squeezed significantly moving forward.
The other issue for Biogen is that the experimental Alzheimer's disease drug aducanumab failed to find an audience with an FDA panel. Although the FDA is not required to follow the advice of its panel, the panel overwhelming voted against multiple questions regarding aducanumab's efficacy.
With little in the way of near-term catalysts, it could be time to say goodbye to this previous cash cow.
10 stocks we like better than Biogen
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Biogen 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 November 20, 2020
Sean Williams has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares). The Motley Fool recommends Biogen and recommends the following options: short January 2021 $200 puts on Berkshire Hathaway (B shares) and long January 2021 $200 calls on Berkshire Hathaway (B shares). 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 Another stock that's a long overdue sell is American Airlines Group (NASDAQ: AAL). Aurora's executives have moved the goalpost to reach positive EBITDA on numerous occasions, even with stringent cost cuts, which have included closing five smaller facilities and halting construction on two large projects. Lockdowns during the spring in the U.S. and other developed countries caused crude oil demand to crater and, for a brief period, pushed West Texas Intermediate futures into negative territory.
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American Airlines Group Another stock that's a long overdue sell is American Airlines Group (NASDAQ: AAL). The Nikola story looked promising in September when it appeared close to securing a $2 billion equity investment from General Motors (NYSE: GM). The Motley Fool recommends Biogen and recommends the following options: short January 2021 $200 puts on Berkshire Hathaway (B shares) and long January 2021 $200 calls on Berkshire Hathaway (B shares).
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American Airlines Group Another stock that's a long overdue sell is American Airlines Group (NASDAQ: AAL). Nikola Even though its shares are technically up 33% in 2020, the vast majority of investors who piled into electric-vehicle (EV) stock Nikola (NASDAQ: NKLA) did so well after it began its mid-summer romp higher. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Sean Williams has no position in any of the stocks mentioned.
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American Airlines Group Another stock that's a long overdue sell is American Airlines Group (NASDAQ: AAL). The point is that Aurora's outstanding share count has ballooned over 11,800% in the past six years. Image source: Nikola.
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4827.0
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2020-12-31 00:00:00 UTC
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Raymond James Places Bet on These 5 Airline Stocks
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AAL
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https://www.nasdaq.com/articles/raymond-james-places-bet-on-these-5-airline-stocks-2020-12-31
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nan
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nan
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On Tuesday, December 29, Boeing made history when a Boeing 737 MAX jetliner completed the first commercial flight since all MAXes all around the world were grounded in March 2019. Just after 1 p.m. Eastern, American Airlines Flight 718 out of Miami touched down, safe and sound, at New York's LaGuardia Airport, marking the official return of the 737 MAX to service.
It may also have marked the time investors begin planning for a post-coronavirus revival of air travel.
Against this backdrop, Raymond James analyst Savanthi Syth released a report predicting that the long-awaited recovery of air travel "is coming," and began placing bets on which airlines will be best positioned to profit from it.
Syth reviewed five airline stocks in detail -- Delta Air Lines (DAL), United Airlines (UAL), American Airlines (AAL), Southwest Airlines (LUV), and Air Canada (ACDFE) -- describing how their respective regions of activity, relative strength in domestic versus international air travel, their reliance on revenue from business travel, balance sheet strength, and other factors, make certain airliners more likely winners than others.
So how do these airlines rate?
Well, one airline clearly rates better than any other, and in Syth's view, that airline is Southwest. By adding 12 new airports to its network since the pandemic hit, Southwest, argues the analyst, is best positioned to profit from a revival of domestic leisure and VFR ("visiting friends & relatives") travel in the U.S., which is the segment of air traffic that she believes will recover first.
With only limited international exposure, Syth doesn't mention that aspect of Southwest's business at all, despite predicting that after domestic leisure and VFR, the international leisure and VFR market will be next to recover. She does note, however, that the third major market to recover -- business travel -- is also a strength for Southwest. Having expanded its network even as its competitors were retrenching, Syth believes Southwest is best-positioned to grab additional market share in the business travel segment.
As for the other airlines reviewed, they're kind of a mixed bag, with each showing different strengths and each plagued by different weaknesses. United Airlines appears to be the analyst's (distant) second favorite airline. The analyst sees United as ranking only fourth-out-of-five in domestic leisure/VFR, which could be a drag on the stock as this is the market segment expected to recover first. That being said, Syth sees United as second only to Southwest in the lucrative market for business travel, with network "particularly suited to capture the recovery in business demand."
Syth sees Delta and American Airlines as basically tied for third place, with American having a slight advantage in the leisure/VFR market, but suffering from "a relative disadvantage in capturing the business demand recovery" and actually ranking in last place for business. Delta, in contrast, "is positioned in the middle of the pack" for leisure/VFR, and ranks fourth in business travel.
Rounding out the list, Syth puts Air Canada in last place, "worst positioned among the five large airlines analyzed" for leisure travel because it relies largely on international traffic (specifically, cross-border flights to the U.S.), and only middling in business.
But really, if you want the long and the short of it, you could summarize Syth's report in just five words: "Buy Southwest; forget the rest." The analyst backs his Buy rating with a $54 price target, which implies a 16% upside from current levels. (To watch Syth's track record, click here)
Wall Street is broadly in agreement with this analysis. Over the last couple of months, LUV has received 9 Buys, 3 Holds, and 1 Sell -- all add up to a Moderate Buy consensus rating. With an average price target of $53.09, LUV has a forward growth potential of ~14%. (See LUV stock analysis on TipRanks)
To find good ideas for airline stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Syth reviewed five airline stocks in detail -- Delta Air Lines (DAL), United Airlines (UAL), American Airlines (AAL), Southwest Airlines (LUV), and Air Canada (ACDFE) -- describing how their respective regions of activity, relative strength in domestic versus international air travel, their reliance on revenue from business travel, balance sheet strength, and other factors, make certain airliners more likely winners than others. Just after 1 p.m. Eastern, American Airlines Flight 718 out of Miami touched down, safe and sound, at New York's LaGuardia Airport, marking the official return of the 737 MAX to service. Against this backdrop, Raymond James analyst Savanthi Syth released a report predicting that the long-awaited recovery of air travel "is coming," and began placing bets on which airlines will be best positioned to profit from it.
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Syth reviewed five airline stocks in detail -- Delta Air Lines (DAL), United Airlines (UAL), American Airlines (AAL), Southwest Airlines (LUV), and Air Canada (ACDFE) -- describing how their respective regions of activity, relative strength in domestic versus international air travel, their reliance on revenue from business travel, balance sheet strength, and other factors, make certain airliners more likely winners than others. By adding 12 new airports to its network since the pandemic hit, Southwest, argues the analyst, is best positioned to profit from a revival of domestic leisure and VFR ("visiting friends & relatives") travel in the U.S., which is the segment of air traffic that she believes will recover first. Rounding out the list, Syth puts Air Canada in last place, "worst positioned among the five large airlines analyzed" for leisure travel because it relies largely on international traffic (specifically, cross-border flights to the U.S.), and only middling in business.
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Syth reviewed five airline stocks in detail -- Delta Air Lines (DAL), United Airlines (UAL), American Airlines (AAL), Southwest Airlines (LUV), and Air Canada (ACDFE) -- describing how their respective regions of activity, relative strength in domestic versus international air travel, their reliance on revenue from business travel, balance sheet strength, and other factors, make certain airliners more likely winners than others. Syth sees Delta and American Airlines as basically tied for third place, with American having a slight advantage in the leisure/VFR market, but suffering from "a relative disadvantage in capturing the business demand recovery" and actually ranking in last place for business. Rounding out the list, Syth puts Air Canada in last place, "worst positioned among the five large airlines analyzed" for leisure travel because it relies largely on international traffic (specifically, cross-border flights to the U.S.), and only middling in business.
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Syth reviewed five airline stocks in detail -- Delta Air Lines (DAL), United Airlines (UAL), American Airlines (AAL), Southwest Airlines (LUV), and Air Canada (ACDFE) -- describing how their respective regions of activity, relative strength in domestic versus international air travel, their reliance on revenue from business travel, balance sheet strength, and other factors, make certain airliners more likely winners than others. By adding 12 new airports to its network since the pandemic hit, Southwest, argues the analyst, is best positioned to profit from a revival of domestic leisure and VFR ("visiting friends & relatives") travel in the U.S., which is the segment of air traffic that she believes will recover first. She does note, however, that the third major market to recover -- business travel -- is also a strength for Southwest.
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4828.0
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2020-12-30 00:00:00 UTC
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Pre-Market Most Active for Dec 30, 2020 : CHL, CNFR, IMMP, AZN, BABA, NIO, AAPL, AAL, XPEV, TSLA, DNMR, FUBO
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-30-2020-%3A-chl-cnfr-immp-azn-baba-nio-aapl-aal-xpev-tsla
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The NASDAQ 100 Pre-Market Indicator is up 51.98 to 12,895.47. The total Pre-Market volume is currently 17,264,611 shares traded.
The following are the most active stocks for the pre-market session:
China Mobile (Hong Kong) Ltd. (CHL) is -0.1299 at $28.24, with 3,585,766 shares traded. As reported by Zacks, the current mean recommendation for CHL is in the "strong buy range".
Conifer Holdings, Inc. (CNFR) is +2.5 at $5.15, with 2,157,728 shares traded. CNFR's current last sale is 206% of the target price of $2.5.
Immutep Limited (IMMP) is +0.45 at $3.29, with 1,439,082 shares traded. As reported by Zacks, the current mean recommendation for IMMP is in the "strong buy range".
Astrazeneca PLC (AZN) is +0.83 at $50.73, with 1,063,399 shares traded. As reported by Zacks, the current mean recommendation for AZN is in the "buy range".
Alibaba Group Holding Limited (BABA) is +7.34 at $243.60, with 728,694 shares traded. BABA's current last sale is 71.65% of the target price of $340.
NIO Inc. (NIO) is +0.58 at $46.72, with 709,622 shares traded. NIO's current last sale is 141.58% of the target price of $33.
Apple Inc. (AAPL) is +0.9 at $135.77, with 625,145 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
American Airlines Group, Inc. (AAL) is +0.04 at $15.90, with 573,619 shares traded. AAL's current last sale is 155.12% of the target price of $10.25.
XPeng Inc. (XPEV) is +1.4298 at $42.98, with 531,188 shares traded. As reported by Zacks, the current mean recommendation for XPEV is in the "buy range".
Tesla, Inc. (TSLA) is +7.324 at $673.31, with 515,054 shares traded. TSLA's current last sale is 148.8% of the target price of $452.5.
Danimer Scientific, Inc. (DNMR) is +5.8 at $30.00, with 418,772 shares traded.
fuboTV Inc. (FUBO) is +0.36 at $39.10, with 339,812 shares traded. As reported by Zacks, the current mean recommendation for FUBO is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is +0.04 at $15.90, with 573,619 shares traded. AAL's current last sale is 155.12% of the target price of $10.25. As reported by Zacks, the current mean recommendation for CHL is in the "strong buy range".
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American Airlines Group, Inc. (AAL) is +0.04 at $15.90, with 573,619 shares traded. AAL's current last sale is 155.12% of the target price of $10.25. As reported by Zacks, the current mean recommendation for CHL is in the "strong buy range".
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American Airlines Group, Inc. (AAL) is +0.04 at $15.90, with 573,619 shares traded. AAL's current last sale is 155.12% of the target price of $10.25. The total Pre-Market volume is currently 17,264,611 shares traded.
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American Airlines Group, Inc. (AAL) is +0.04 at $15.90, with 573,619 shares traded. AAL's current last sale is 155.12% of the target price of $10.25. The NASDAQ 100 Pre-Market Indicator is up 51.98 to 12,895.47.
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4829.0
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2020-12-29 00:00:00 UTC
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Tuesday's ETF with Unusual Volume: EQAL
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AAL
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https://www.nasdaq.com/articles/tuesdays-etf-with-unusual-volume%3A-eqal-2020-12-29
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The Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Tuesday, with over 194,000 shares traded versus three month average volume of about 40,000. Shares of EQAL were down about 0.4% on the day.
Components of that ETF with the highest volume on Tuesday were Apple, trading up about 0.2% with over 62.4 million shares changing hands so far this session, and American Airlines Group, down about 0.1% on volume of over 29.3 million shares. Lemonade is the component faring the best Tuesday, higher by about 11% on the day, while Generac Holdlings is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 5.3%.
VIDEO: Tuesday's ETF with Unusual Volume: EQAL
The views and 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 Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Tuesday, with over 194,000 shares traded versus three month average volume of about 40,000. Components of that ETF with the highest volume on Tuesday were Apple, trading up about 0.2% with over 62.4 million shares changing hands so far this session, and American Airlines Group, down about 0.1% on volume of over 29.3 million shares. Lemonade is the component faring the best Tuesday, higher by about 11% on the day, while Generac Holdlings is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 5.3%.
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The Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Tuesday, with over 194,000 shares traded versus three month average volume of about 40,000. Lemonade is the component faring the best Tuesday, higher by about 11% on the day, while Generac Holdlings is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 5.3%. VIDEO: Tuesday's ETF with Unusual Volume: EQAL The views and 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 Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Tuesday, with over 194,000 shares traded versus three month average volume of about 40,000. Components of that ETF with the highest volume on Tuesday were Apple, trading up about 0.2% with over 62.4 million shares changing hands so far this session, and American Airlines Group, down about 0.1% on volume of over 29.3 million shares. Lemonade is the component faring the best Tuesday, higher by about 11% on the day, while Generac Holdlings is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 5.3%.
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Components of that ETF with the highest volume on Tuesday were Apple, trading up about 0.2% with over 62.4 million shares changing hands so far this session, and American Airlines Group, down about 0.1% on volume of over 29.3 million shares. Lemonade is the component faring the best Tuesday, higher by about 11% on the day, while Generac Holdlings is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 5.3%. VIDEO: Tuesday's ETF with Unusual Volume: EQAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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4830.0
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2020-12-29 00:00:00 UTC
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American Airlines restarts U.S. commercial Boeing 737 MAX flights
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AAL
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https://www.nasdaq.com/articles/american-airlines-restarts-u.s.-commercial-boeing-737-max-flights-2020-12-29
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By David Shepardson and Tracy Rucinski
WASHINGTON/CHICAGO, Dec 29 (Reuters) - Boeing's 737 MAX resumed passenger flights in the United States for the first time on Tuesday after a 20-month safety ban was lifted last month.
American Airlines AAL.OFlight 718 departed Miami around 10:40 a.m., bound for New York's LaGuardia and is scheduled to land soon after 1 p.m.
American and planemaker Boeing have sought to reassure the public over the plane's safety after it was cleared by U.S. regulators in November to resume flights.
The flight was observed by two media helicopters to the airport's north. It headed north into broken clouds.
A Reuters/IPSOS poll shows that more than half of passengers are wary of taking the jet when reminded of two fatal crashes that led to the grounding.
"This aircraft is ready to go," American President Robert Isom said at a media briefing in Miami before the flight. The airline is confident in the safety of the 737 MAX, he added.
The MAX was grounded in March 2019 for 20 months after two fatal crashes in five months killed 346 people. The grounding was lifted by the Federal Aviation Administration (FAA) last month after Boeing agreed to software upgrades and new safeguards on a key flight control system linked to both fatal crashes.
American's first flight between Miami and LaGuardia follows flight control updates, maintenance work, fresh pilot training and town hall meetings with flight crews to walk them through Boeing's changes and address concerns.
American is the third carrier globally to resume flights following Gol Linhas Aereas Inteligentes GOLL4.SA and Grupo Aeromexico AEROMEX.MX earlier this month. Between those two airlines, the updated 737 MAX has flown about 250 commercial flights, according to Cirium, the aviation data firm.
American Airlines currently has 31 737 MAX aircraft after taking delivery of seven more jets since the FAA lifted its safety ban, including one on Monday and plans to gradually reintroduces the plane to its fleet.
A Reuters/Ipsos opinion poll released Monday found that Americans are less familiar with the two fatal 737 MAX crashes, but if made aware of those disasters, more than half say they would probably avoid the aircraft.
The MAX's return comes at a time when COVID-19 has thrust the industry into its worst crisis, with airlines parking hundreds of jets as demand hovers around 30% of 2019 levels.
When the 737 MAX was grounded, U.S. airlines canceled flights because they lacked aircraft to meet demand, adding to Boeing's financial liability.
Now airlines are deferring jet deliveries and do not expect a robust rebound until COVID-19 vaccines are widely available.
Relatives of 737 MAX crash victims oppose its return.
"I call on anyone looking to book a flight in the future to understand when they buy their ticket what type of airplane will be used so they can make an informed decision for themselves and their loved ones," said Yalena Lopez-Lewis, whose husband Antoine Lewis died on the Ethiopian Airlines crash.
(Reporting by David Shepardson in Washington and Tim Hepher in Paris; additional reporting and writing by Tracy Rucinski; Editing by Stephen Coates and 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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American Airlines AAL.OFlight 718 departed Miami around 10:40 a.m., bound for New York's LaGuardia and is scheduled to land soon after 1 p.m. American and planemaker Boeing have sought to reassure the public over the plane's safety after it was cleared by U.S. regulators in November to resume flights. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 29 (Reuters) - Boeing's 737 MAX resumed passenger flights in the United States for the first time on Tuesday after a 20-month safety ban was lifted last month. The grounding was lifted by the Federal Aviation Administration (FAA) last month after Boeing agreed to software upgrades and new safeguards on a key flight control system linked to both fatal crashes.
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American Airlines AAL.OFlight 718 departed Miami around 10:40 a.m., bound for New York's LaGuardia and is scheduled to land soon after 1 p.m. American and planemaker Boeing have sought to reassure the public over the plane's safety after it was cleared by U.S. regulators in November to resume flights. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 29 (Reuters) - Boeing's 737 MAX resumed passenger flights in the United States for the first time on Tuesday after a 20-month safety ban was lifted last month. American Airlines currently has 31 737 MAX aircraft after taking delivery of seven more jets since the FAA lifted its safety ban, including one on Monday and plans to gradually reintroduces the plane to its fleet.
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American Airlines AAL.OFlight 718 departed Miami around 10:40 a.m., bound for New York's LaGuardia and is scheduled to land soon after 1 p.m. American and planemaker Boeing have sought to reassure the public over the plane's safety after it was cleared by U.S. regulators in November to resume flights. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 29 (Reuters) - Boeing's 737 MAX resumed passenger flights in the United States for the first time on Tuesday after a 20-month safety ban was lifted last month. American's first flight between Miami and LaGuardia follows flight control updates, maintenance work, fresh pilot training and town hall meetings with flight crews to walk them through Boeing's changes and address concerns.
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American Airlines AAL.OFlight 718 departed Miami around 10:40 a.m., bound for New York's LaGuardia and is scheduled to land soon after 1 p.m. American and planemaker Boeing have sought to reassure the public over the plane's safety after it was cleared by U.S. regulators in November to resume flights. The flight was observed by two media helicopters to the airport's north. The MAX was grounded in March 2019 for 20 months after two fatal crashes in five months killed 346 people.
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4831.0
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2020-12-29 00:00:00 UTC
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First U.S. commercial Boeing 737 MAX since 2019 departs Miami
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AAL
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https://www.nasdaq.com/articles/first-u.s.-commercial-boeing-737-max-since-2019-departs-miami-2020-12-29
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Dec 29 (Reuters) - Boeing'sBA.N 737 MAX resumed passenger flights in the United States for the first time on Tuesday after a 20-month safety ban was lifted last month.
American Airlines AAL.OFlight 718 departed Miami around 10:40 a.m. bound for New York's LaGuardia Airport and is scheduled to land around 1:08 p.m., according to several flight tracing websites.
American and planemaker Boeing have sought to reassure the public over the plane's safety after it was cleared by U.S. regulators in November to resume flights.
(Reporting by David Shepardson Editing by Nick Zieminski)
((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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American Airlines AAL.OFlight 718 departed Miami around 10:40 a.m. bound for New York's LaGuardia Airport and is scheduled to land around 1:08 p.m., according to several flight tracing websites. Dec 29 (Reuters) - Boeing'sBA.N 737 MAX resumed passenger flights in the United States for the first time on Tuesday after a 20-month safety ban was lifted last month. American and planemaker Boeing have sought to reassure the public over the plane's safety after it was cleared by U.S. regulators in November to resume flights.
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American Airlines AAL.OFlight 718 departed Miami around 10:40 a.m. bound for New York's LaGuardia Airport and is scheduled to land around 1:08 p.m., according to several flight tracing websites. Dec 29 (Reuters) - Boeing'sBA.N 737 MAX resumed passenger flights in the United States for the first time on Tuesday after a 20-month safety ban was lifted last month. American and planemaker Boeing have sought to reassure the public over the plane's safety after it was cleared by U.S. regulators in November to resume flights.
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American Airlines AAL.OFlight 718 departed Miami around 10:40 a.m. bound for New York's LaGuardia Airport and is scheduled to land around 1:08 p.m., according to several flight tracing websites. Dec 29 (Reuters) - Boeing'sBA.N 737 MAX resumed passenger flights in the United States for the first time on Tuesday after a 20-month safety ban was lifted last month. American and planemaker Boeing have sought to reassure the public over the plane's safety after it was cleared by U.S. regulators in November to resume flights.
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American Airlines AAL.OFlight 718 departed Miami around 10:40 a.m. bound for New York's LaGuardia Airport and is scheduled to land around 1:08 p.m., according to several flight tracing websites. Dec 29 (Reuters) - Boeing'sBA.N 737 MAX resumed passenger flights in the United States for the first time on Tuesday after a 20-month safety ban was lifted last month. American and planemaker Boeing have sought to reassure the public over the plane's safety after it was cleared by U.S. regulators in November to resume flights.
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4832.0
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2020-12-29 00:00:00 UTC
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US STOCKS-Wall St set to open at fresh highs on fiscal aid relief, vaccine optimism
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-open-at-fresh-highs-on-fiscal-aid-relief-vaccine-optimism-2020-12
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By Devik Jain and Supriya R
Dec 29 (Reuters) - Wall Street's main indexes were set to open at fresh record highs on Tuesday as bets that fiscal aid will speed up a vaccine-led recovery in the economy boosted sentiment in the final days of the year.
After U.S. President Donald Trump signed a long-awaited $2.3 trillion fiscal bill, restoring jobless benefits and averting a federal government shutdown, the three main indexes closed at all-time highs on Monday, led by pandemic-battered stocks.
A proposal to increase the COVID-19 payment checks to $2,000 from $600 is before the Republican-controlled Senate, where it faces a much tougher path for approval. The Democratic-led U.S. House of Representatives had approved the proposal on Monday.
Meanwhile, more than 2 million Americans have been inoculated, helping investors overlook a surge in infections that topped 19 million, with California, a major U.S. virus hot spot, likely to extend strict stay-at-home orders.
"The market is seeing the additional stimulus as a way to get through at least the short term with money being put into the hands of individuals," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.
"The focus is that people are going to probably most likely spend that (money), which would help the economy progress a little bit further."
Unprecedented monetary as well as fiscal stimulus and positive vaccine data have helped the S&P 500 .SPX recover from a virus-led crash in March.
The benchmark index is looking at its best fourth-quarter performance since 2011 as investors returned to economically-sensitive stocks from the so called 'stay-at-home' plays on hopes of economic recovery.
At 08:33 a.m. ET, Dow E-minis 1YMcv1 were up 125 points, or 0.41%, S&P 500 E-minis EScv1 were up 14 points, or 0.38%. Nasdaq 100 E-minis NQcv1 were up 56.25 points, or 0.44%.
Trading volumes is expected to be thin in a historically strong final week for equities, with worries over a mutating coronavirus strain and upcoming U.S. Senate runoffs in Georgia posing as short-term concerns.
Shares of planemaker Boeing Co BA.N added 1.3% in pre-market trade as American Airlines AAL.O was set to restart U.S. 737 MAX commercial flights on Tuesday morning.
Cruise operators Royal Caribbean Cruises RCL.N, Norwegian Cruise Line Holdings NCLH.N and Carnival Corp CCL.N rose between 1.3% and 2%, while stocks of major airline operators rose between 0.7% and 1.3%, with American Airlines AAL.O leading gains on hopes of a gradual recovery in travel demand.
Walt Disney Co DIS.N gained 0.8% after a report that said Disney+ streaming service saw a jump in its mobile app downloads over the Christmas holiday.
(Reporting by Devik Jain and Supriya R in Bengaluru; Editing by Arun Koyyur)
((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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Shares of planemaker Boeing Co BA.N added 1.3% in pre-market trade as American Airlines AAL.O was set to restart U.S. 737 MAX commercial flights on Tuesday morning. Cruise operators Royal Caribbean Cruises RCL.N, Norwegian Cruise Line Holdings NCLH.N and Carnival Corp CCL.N rose between 1.3% and 2%, while stocks of major airline operators rose between 0.7% and 1.3%, with American Airlines AAL.O leading gains on hopes of a gradual recovery in travel demand. By Devik Jain and Supriya R Dec 29 (Reuters) - Wall Street's main indexes were set to open at fresh record highs on Tuesday as bets that fiscal aid will speed up a vaccine-led recovery in the economy boosted sentiment in the final days of the year.
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Shares of planemaker Boeing Co BA.N added 1.3% in pre-market trade as American Airlines AAL.O was set to restart U.S. 737 MAX commercial flights on Tuesday morning. Cruise operators Royal Caribbean Cruises RCL.N, Norwegian Cruise Line Holdings NCLH.N and Carnival Corp CCL.N rose between 1.3% and 2%, while stocks of major airline operators rose between 0.7% and 1.3%, with American Airlines AAL.O leading gains on hopes of a gradual recovery in travel demand. (Reporting by Devik Jain and Supriya R in Bengaluru; Editing by Arun Koyyur) ((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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Cruise operators Royal Caribbean Cruises RCL.N, Norwegian Cruise Line Holdings NCLH.N and Carnival Corp CCL.N rose between 1.3% and 2%, while stocks of major airline operators rose between 0.7% and 1.3%, with American Airlines AAL.O leading gains on hopes of a gradual recovery in travel demand. Shares of planemaker Boeing Co BA.N added 1.3% in pre-market trade as American Airlines AAL.O was set to restart U.S. 737 MAX commercial flights on Tuesday morning. By Devik Jain and Supriya R Dec 29 (Reuters) - Wall Street's main indexes were set to open at fresh record highs on Tuesday as bets that fiscal aid will speed up a vaccine-led recovery in the economy boosted sentiment in the final days of the year.
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Shares of planemaker Boeing Co BA.N added 1.3% in pre-market trade as American Airlines AAL.O was set to restart U.S. 737 MAX commercial flights on Tuesday morning. Cruise operators Royal Caribbean Cruises RCL.N, Norwegian Cruise Line Holdings NCLH.N and Carnival Corp CCL.N rose between 1.3% and 2%, while stocks of major airline operators rose between 0.7% and 1.3%, with American Airlines AAL.O leading gains on hopes of a gradual recovery in travel demand. By Devik Jain and Supriya R Dec 29 (Reuters) - Wall Street's main indexes were set to open at fresh record highs on Tuesday as bets that fiscal aid will speed up a vaccine-led recovery in the economy boosted sentiment in the final days of the year.
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4833.0
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2020-12-29 00:00:00 UTC
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Making A List Of The Best Epicenter Stocks To Buy Now? 3 Names To Watch
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https://www.nasdaq.com/articles/making-a-list-of-the-best-epicenter-stocks-to-buy-now-3-names-to-watch-2020-12-29
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Are These The Best Epicenter Stocks To Watch Right Now?
Epicenter stocks had a good start in the stock market after the Christmas holiday weekend. Of course, the decision of the White House to sign the latest coronavirus stimulus package was a relief to many investors. As a result, that helped send the benchmarks higher as 2020 draws to a close. But even as the overall stock market rose, there were plenty of stocks that lost ground. For instance, most, if not all of the top stay-at-home stocks this year such as Zoom Video Communications (ZM Stock Report) and Fastly (FSLY Stock Report) started off the week lower. So, why is there such a “rebalancing” taking place this week?
Should Investors Buy Epicenter Stocks This Week?
Apart from the COVID-19 stimulus package, the ongoing vaccine roll-out in major markets is also lifting the hopes of economic reopening. While this is news worth celebrating for many, the same cannot be said for stay-at-home stock investors. In fact, the latter may worry that the demand for stay-at-home products and services could well reverse once vaccinations progress and the coronavirus pandemic is brought well under control. According to Fundstrat’s Tom Lee, history signals that another rally for top epicenter stocks may be on the way.
“From a market’s perspective, a rolling over of COVID-19 should be a “risk-on” signal for epicenter stocks,” said Lee. “The reason, naturally, is that epicenter stocks are more sensitive to lockdowns and benefit from economic re-opening. Hence, we should expect the epicenter stocks to rally.”
As the world moves forward with renewed vigor and hope, investors could also be making moves by pulling out a list of best epicenter stocks to buy. The reason is that they have lost much of their market value during the March lows. Also, it appears that the latest wave of COVID-19 cases may be peaking in the U.S. This thinning out of cases could be a good sign for reopening stocks. With all these in mind, are these the best epicenter stocks to watch in this holiday-shortened week?
Read More
Are These The Best Retail Stocks To Watch This Week? 3 Names To Know
Looking For The Top Software Stocks To Watch Ahead Of 2021? 1 Up 180%+ YTD
Best Epicenter Stocks To Watch Before 2021: American Airlines
First up, American Airlines (AAL Stock Report) is on investors’ radar after reports stating that it is among the U.S. airlines that will receive $15 billion in aid to help bring back furloughed workers. That sent AAL stock price 2.6% higher on Monday’s intraday trading. But the truth is, American Airlines isn’t exactly a popular pick among investors. And why might that be the case? After all, not many investors would consider this struggling airline with sky-high debt levels. Not to mention that the company is also currently burning up to $30 million a day as air travel remains weak due to travel restrictions globally. As bad as the outlook may seem, there are still two tailwinds that are working in its favor in 2021.
With such positive developments from vaccine makers, we could expect at least four or five vaccines in circulation before the first half of 2021. For instance, Novavax (NVAX Stock Report) just became the fifth to begin phase 3 trials in the US. With scientists and researchers globally working to build a portfolio of safe and effective vaccines to protect the world’s population, the demand for air travel could pick up sharply around summertime. And that bodes well for AAL stock.
Of course, no country will want to see its national carrier go bankrupt. While American Airline isn’t a national airline, it’s highly unlikely that Congress and the Biden administration would allow the flagship airline to become insolvent for both economic and political reasons. Sure, it will take some time before AAL stock could fly to the altitude of pre-pandemic levels. American Airline is no doubt the riskiest bet among its rivals. But the question here is, would greater risk translate to greater reward with AAL stock? Only time will tell.
Best Epicenter Stocks To Watch Before 2021: Carnival Corporation
Next up, another epicenter stock to watch is Carnival Corporation (CCL Stock Report). The company is the world’s largest travel leisure company. It has a combined fleet of over 100 vessels across 10 cruise line brands. It is based in Florida with operations in the UK and in Panama. Since the beginning of November, Carnival has seen a remarkable 50% rise in its share prices. This shouldn’t come as a surprise with the positive vaccine news.
In addition, according to Cruise Industry News, a review of available reservations on Norwegian’s (NCLH Stock Report) website reveals that cruising could resume under the CDC’s “Framework for Resuming Cruise Ship Operations” sooner than some investors had expected. While there’s no similar news from Carnival, it seems to me that investors are expecting the CDC framework likely to be applicable to major cruise-line companies, and that includes Carnival. News of possible vaccines could provide the Carnival with a key opportunity to further enhance future liquidity as well. The company also reported that its cruise lines Costa and AIDA would be resuming. Likewise, its cumulative advanced bookings for the second half of 2021 have increased despite minimal advertising or marketing.
Of course, nobody knows for sure when cruise lines will be resuming their services. But the indication from Norwegian Cruise appears to give hopes that things will be getting back on track in the not too distant future. With all in mind, would it be wise for investors to buy CCL stock before 2021?
[Read More] Top 5 Things To Watch In The Stock Market In This Holiday-Shortened Week
Best Epicenter Stocks To Watch Before 2021: Starbucks Corporation
Starbucks (SBUX Stock Report) has weathered the coronavirus pandemic reasonably well. And that could make it an even better epicenter stock to buy now. While many brick-and-mortar companies are still trying to regain their footing, Starbucks is brewing up big plans to prepare for the post-pandemic world. During an Investors Day event earlier this month, the company said it expects to grow to 55,000 locations by 2030. That implies a nearly 70% increase from the roughly 33,000 stores currently operating.
“Though we are growing off a large base, there is ample room to expand in regions where the Starbucks brand is less penetrated,” said Roz Brewer, the company’s Chief Operating Officer. She noted that Starbucks has a “particular focus on high volume, high margin, suburban drive-thrus.”
While the company’s press release didn’t give country-specific targets, you could speculate that China will be playing a big role in its expansion plans. Currently, the U.S. has over 15,000 Starbucks stores, while China has over 4,700. Beginning late next year, however, the number of outlets in China expects to increase at a double-digit pace. In comparison, the growth in the U.S. would be around 3%. With international expansion continuing to be on the cards, will you add SBUX stock to your watchlist?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1 Up 180%+ YTD Best Epicenter Stocks To Watch Before 2021: American Airlines First up, American Airlines (AAL Stock Report) is on investors’ radar after reports stating that it is among the U.S. airlines that will receive $15 billion in aid to help bring back furloughed workers. That sent AAL stock price 2.6% higher on Monday’s intraday trading. And that bodes well for AAL stock.
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1 Up 180%+ YTD Best Epicenter Stocks To Watch Before 2021: American Airlines First up, American Airlines (AAL Stock Report) is on investors’ radar after reports stating that it is among the U.S. airlines that will receive $15 billion in aid to help bring back furloughed workers. That sent AAL stock price 2.6% higher on Monday’s intraday trading. And that bodes well for AAL stock.
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1 Up 180%+ YTD Best Epicenter Stocks To Watch Before 2021: American Airlines First up, American Airlines (AAL Stock Report) is on investors’ radar after reports stating that it is among the U.S. airlines that will receive $15 billion in aid to help bring back furloughed workers. That sent AAL stock price 2.6% higher on Monday’s intraday trading. And that bodes well for AAL stock.
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1 Up 180%+ YTD Best Epicenter Stocks To Watch Before 2021: American Airlines First up, American Airlines (AAL Stock Report) is on investors’ radar after reports stating that it is among the U.S. airlines that will receive $15 billion in aid to help bring back furloughed workers. That sent AAL stock price 2.6% higher on Monday’s intraday trading. And that bodes well for AAL stock.
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4834.0
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2020-12-29 00:00:00 UTC
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Pre-Market Most Active for Dec 29, 2020 : AAPL, AZN, BABA, NKLA, NIO, SQQQ, ARCT, AAL, PLTR, CCL, IPOC, XPEV
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-29-2020-%3A-aapl-azn-baba-nkla-nio-sqqq-arct-aal-pltr-ccl
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The NASDAQ 100 Pre-Market Indicator is up 52.01 to 12,890.87. The total Pre-Market volume is currently 14,255,797 shares traded.
The following are the most active stocks for the pre-market session:
Apple Inc. (AAPL) is +1.3702 at $138.06, with 1,393,020 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Astrazeneca PLC (AZN) is +1.21 at $50.59, with 1,325,667 shares traded. As reported by Zacks, the current mean recommendation for AZN is in the "buy range".
Alibaba Group Holding Limited (BABA) is +6.75 at $229.11, with 966,167 shares traded. BABA's current last sale is 67.39% of the target price of $340.
Nikola Corporation (NKLA) is +0.585 at $16.99, with 925,499 shares traded. NKLA's current last sale is 48.54% of the target price of $35.
NIO Inc. (NIO) is -0.13 at $43.93, with 744,606 shares traded. NIO's current last sale is 133.12% of the target price of $33.
ProShares UltraPro Short QQQ (SQQQ) is -0.19 at $15.16, with 689,814 shares traded., following a 52-week high recorded in prior regular session.
Arcturus Therapeutics Holdings Inc. (ARCT) is -34.43 at $57.99, with 679,824 shares traded. As reported by Zacks, the current mean recommendation for ARCT is in the "buy range".
American Airlines Group, Inc. (AAL) is +0.25 at $16.31, with 675,513 shares traded. AAL's current last sale is 159.12% of the target price of $10.25.
Palantir Technologies Inc. (PLTR) is +0.11 at $25.74, with 639,954 shares traded. PLTR's current last sale is 177.52% of the target price of $14.5.
Carnival Corporation (CCL) is +0.4 at $22.11, with 441,169 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Nov 2020. The consensus EPS forecast is $-1.79. CCL is scheduled to provide an earnings report on 1/1/2021, for the fiscal quarter ending Nov2020. The consensus earnings per share forecast is -1.79 per share, which represents a 62 percent increase over the EPS one Year Ago
Social Capital Hedosophia Holdings Corp. III (IPOC) is -0.27 at $16.80, with 414,203 shares traded., following a 52-week high recorded in prior regular session.
XPeng Inc. (XPEV) is +0.31 at $38.32, with 337,827 shares traded. As reported by Zacks, the current mean recommendation for XPEV is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is +0.25 at $16.31, with 675,513 shares traded. AAL's current last sale is 159.12% of the target price of $10.25. ProShares UltraPro Short QQQ (SQQQ) is -0.19 at $15.16, with 689,814 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.25 at $16.31, with 675,513 shares traded. AAL's current last sale is 159.12% of the target price of $10.25. ProShares UltraPro Short QQQ (SQQQ) is -0.19 at $15.16, with 689,814 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.25 at $16.31, with 675,513 shares traded. AAL's current last sale is 159.12% of the target price of $10.25. The total Pre-Market volume is currently 14,255,797 shares traded.
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American Airlines Group, Inc. (AAL) is +0.25 at $16.31, with 675,513 shares traded. AAL's current last sale is 159.12% of the target price of $10.25. The following are the most active stocks for the pre-market session:
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4835.0
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2020-12-29 00:00:00 UTC
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American Airlines to restart U.S. commercial Boeing 737 MAX flights
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https://www.nasdaq.com/articles/american-airlines-to-restart-u.s.-commercial-boeing-737-max-flights-2020-12-29
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By David Shepardson and Tracy Rucinski
WASHINGTON/CHICAGO, Dec 29 (Reuters) - American Airlines AAL.O is set to restart U.S. Boeing BA.N 737 MAX commercial flights on Tuesday, another milestone for the U.S. planemaker as it tries to move past its deepest crisis in its 104-year history.
The MAX was grounded in March 2019 for 20 months after two fatal crashes in five months killed 346 people. The grounding was lifted by the Federal Aviation Administration (FAA) last month after Boeing agreed to software upgrades and new safeguards on a key flight control system linked to both fatal crashes.
American's first flight between Miami and New York's LaGuardia set for Tuesday morning follows flight control updates, maintenance work, fresh pilot training and town hall meetings with flight crews to walk them through Boeing's changes and address concerns.
"We would have never brought this back if the pilots and flight attendants didn’t feel comfortable," American's Chief Operating Officer David Seymour said at a Dec. 2 737 MAX media event.
American is the third carrier globally to resume flights following Gol Linhas Aereas Inteligentes GOLL4.SA and Grupo Aeromexico AEROMEX.MX earlier this month. Between those two airlines, the updated 737 MAX has flown about 250 commercial flights, according to Cirium, the aviation data firm.
American Airlines currently has 31 737 MAX aircraft after taking delivery of seven more jets since the FAA lifted its safety ban, including one on Monday and plans to gradually reintroduces the plane to its fleet.
A Reuters/Ipsos opinion poll released Monday found that Americans are less familiar with the two fatal 737 MAX crashes, but if made aware of those disasters, more than half say they would probably avoid the aircraft.
The MAX's return comes at a time when COVID-19 has thrust the industry into its worst crisis, with airlines parking hundreds of jets as demand hovers around 30% of 2019 levels.
When the 737 MAX was grounded, U.S. airlines canceled flights because they lacked aircraft to meet demand, adding to Boeing's financial liability.
Now airlines are deferring jet deliveries and do not expect a robust rebound until COVID-19 vaccines are widely available.
Relatives of 737 MAX crash victims oppose its return.
"I call on anyone looking to book a flight in the future to understand when they buy their ticket what type of airplane will be used so they can make an informed decision for themselves and their loved ones," said Yalena Lopez-Lewis, whose husband Antoine Lewis died on the Ethiopian Airlines crash.
(Reporting by David Shepardson; additional reporting and writing by Tracy Rucinski; Editing by Stephen Coates)
((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 David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 29 (Reuters) - American Airlines AAL.O is set to restart U.S. Boeing BA.N 737 MAX commercial flights on Tuesday, another milestone for the U.S. planemaker as it tries to move past its deepest crisis in its 104-year history. The grounding was lifted by the Federal Aviation Administration (FAA) last month after Boeing agreed to software upgrades and new safeguards on a key flight control system linked to both fatal crashes. "I call on anyone looking to book a flight in the future to understand when they buy their ticket what type of airplane will be used so they can make an informed decision for themselves and their loved ones," said Yalena Lopez-Lewis, whose husband Antoine Lewis died on the Ethiopian Airlines crash.
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By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 29 (Reuters) - American Airlines AAL.O is set to restart U.S. Boeing BA.N 737 MAX commercial flights on Tuesday, another milestone for the U.S. planemaker as it tries to move past its deepest crisis in its 104-year history. American Airlines currently has 31 737 MAX aircraft after taking delivery of seven more jets since the FAA lifted its safety ban, including one on Monday and plans to gradually reintroduces the plane to its fleet. When the 737 MAX was grounded, U.S. airlines canceled flights because they lacked aircraft to meet demand, adding to Boeing's financial liability.
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By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 29 (Reuters) - American Airlines AAL.O is set to restart U.S. Boeing BA.N 737 MAX commercial flights on Tuesday, another milestone for the U.S. planemaker as it tries to move past its deepest crisis in its 104-year history. American's first flight between Miami and New York's LaGuardia set for Tuesday morning follows flight control updates, maintenance work, fresh pilot training and town hall meetings with flight crews to walk them through Boeing's changes and address concerns. When the 737 MAX was grounded, U.S. airlines canceled flights because they lacked aircraft to meet demand, adding to Boeing's financial liability.
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By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 29 (Reuters) - American Airlines AAL.O is set to restart U.S. Boeing BA.N 737 MAX commercial flights on Tuesday, another milestone for the U.S. planemaker as it tries to move past its deepest crisis in its 104-year history. The MAX was grounded in March 2019 for 20 months after two fatal crashes in five months killed 346 people. American Airlines currently has 31 737 MAX aircraft after taking delivery of seven more jets since the FAA lifted its safety ban, including one on Monday and plans to gradually reintroduces the plane to its fleet.
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4836.0
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2020-12-29 00:00:00 UTC
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Buy American Airlines Stock Ahead of the Air Travel Recovery
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AAL
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https://www.nasdaq.com/articles/buy-american-airlines-stock-ahead-of-the-air-travel-recovery-2020-12-29
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With airline stocks surging following last month’s vaccine news, you may think the ship has sailed with American Airlines (NASDAQ:AAL) and AAL stock. Yet this remains a “buy the dip” situation.
Source: GagliardiPhotography / Shutterstock.com
Firstly, the partial recovery we’ve seen since November pales in comparison to the total potential recovery. Secondly, even today, investors are still cautious about pricing in a vaccine-fueled 2021 recovery. If said uncertainty shifts to confidence as the coming year unfolds, expect shares to continue trending higher.
Thirdly, while American remains in a relatively precarious financial situation, it’s not as bad as it looks. Investors have more than priced-in this factor. With its $14 billion in liquidity, the carrier has enough to continue riding out the storm.
Simply put, there’s more to push this stock higher, not lower, in the next twelve months. The skies may still look foggy now, but if you wait until it’s “clear skies ahead,” it’ll be too late. Shares will be back near pre-outbreak levels by then.
So, what’s the call? Take advantage of the uncertainty and buy the dip.
Why AAL Stock Has More Room to Recover
Following the recent rally, some are looking for reasons to go bearish yet again. Yet, overall the odds are in favor of things improving over the next twelve months.
9 Long-Term Stocks for the Next Decade
While the legacy carrier’s shares are up around 46% since Nov. 4, this partial recovery is just the beginning. Considering it traded for around $30 per share last February, there’s plenty of room for additional share price recovery. That’s not to say it’ll be rapid. Per TSA checkpoint travel numbers, air passenger traffic remains far below pre-pandemic levels. Even with the increased air travel during the holidays.
Traffic numbers could dip back after New Year’s, but as vaccine availability increases, so will air passenger demand. As checkpoint travel numbers climb firmly above 50%, expect a further boost in airline names like AAL stock.
Investors also have yet to fully price-in a vaccine-fueled pandemic recovery. Sure, with shares at around $16 per share, versus around $11 per share a few months back, Wall Street has handicapped improved prospects into American’s share price.
But it’s still unclear when travel, especially business travel, will get back to normal. Based on what industry experts have said, you can’t say with confidence business travel will get back to 100% of where it was in 2019. Yet, with a permanent haircut to business travel already priced-in, this is another factor that won’t sink American shares further.
American and Its Precarious Financials
Beyond near-term travel demand, the other key issue is the precarious financials of AAL stock. Burdened with nearly $40 billion in debt and operating lease liabilities, it’s much more levered than other legacy carriers. Not only that, cash burn continues to be an issue. For the current quarter (ending Dec. 31), it’s set to be in the top range of a prior $25 million-$30 million per day forecast.
However, the financial situation with American is less dire than it looks. For starters, the just-signed second stimulus bill provides $15 billion in aid to help the airlines cover payrolls through March. Also, the airline has said it’ll have $14 billion in liquidity by year’s end. Even if cash burn stays as is, the carrier has enough to ride out the pandemic’s last leg.
To top it all off, there’s a silver lining to the current issues impacting AAL stock. Forced to adapt, the carrier partially rationalized its bloated cost structure in 2020. Many of the cost cuts this year were furloughs. With the stimulus aid, many of those furloughed in September are coming back to work.
The carrier’s cost cutting included thousands of permanent layoffs as well, meaning American has a good shot of returning to profitability. Even if air travel doesn’t get right back to 100% right away.
In short, while it’s not as financially strong as some of its rivals, this alone isn’t a deal-breaker. Investors may continue to underestimate its rebound abilities. But, those who take a risk and dive in today stand to see worthwhile gains from here.
Buy Now Before the Recovery Is Priced-In
If you want to seize the opportunity with American Airlines, you have to take a risk. In other words, you have to buy when it’s darkest before the dawn. Things now aren’t as bleak for air travel as they were back in the spring, but pandemic uncertainty continues to weigh down on the sector.
Although the vaccines will not fuel an immediate airline rebound, things are set to improve in 2021. As air travel continues crawling back to normal, expect further gains in this and other airline stocks.
Bottom line: Buy AAL stock now before the recovery is priced-in.
On the date of publication, neither Matt McCall 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.
Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Click here to see what Matt has up his sleeve now.
The post Buy American Airlines Stock Ahead of the Air Travel 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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InvestorPlace - Stock Market News, Stock Advice & Trading Tips With airline stocks surging following last month’s vaccine news, you may think the ship has sailed with American Airlines (NASDAQ:AAL) and AAL stock. Why AAL Stock Has More Room to Recover Following the recent rally, some are looking for reasons to go bearish yet again. As checkpoint travel numbers climb firmly above 50%, expect a further boost in airline names like AAL stock.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips With airline stocks surging following last month’s vaccine news, you may think the ship has sailed with American Airlines (NASDAQ:AAL) and AAL stock. Why AAL Stock Has More Room to Recover Following the recent rally, some are looking for reasons to go bearish yet again. As checkpoint travel numbers climb firmly above 50%, expect a further boost in airline names like AAL stock.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips With airline stocks surging following last month’s vaccine news, you may think the ship has sailed with American Airlines (NASDAQ:AAL) and AAL stock. Why AAL Stock Has More Room to Recover Following the recent rally, some are looking for reasons to go bearish yet again. As checkpoint travel numbers climb firmly above 50%, expect a further boost in airline names like AAL stock.
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Bottom line: Buy AAL stock now before the recovery is priced-in. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With airline stocks surging following last month’s vaccine news, you may think the ship has sailed with American Airlines (NASDAQ:AAL) and AAL stock. Why AAL Stock Has More Room to Recover Following the recent rally, some are looking for reasons to go bearish yet again.
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4837.0
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2020-12-29 00:00:00 UTC
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American Airlines Restarts U.S. Commercial Boeing 737 MAX Flights
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https://www.nasdaq.com/articles/american-airlines-restarts-u.s.-commercial-boeing-737-max-flights-2020-12-29-0
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(RTTNews) - American Airlines (AAL) has restarted Boeing Co.'s (BA) 737 MAX passenger flights in the United States on Tuesday for the first time in nearly two years.
American Flight 718 was scheduled to depart from Miami International Airport at 10:32 a.m. and land at LaGuardia Airport at 1:30 p.m. Initially, American Airlines will operate round-trip flights between Miami and New York, then it will gradually add the 737 Max back into service.
An American spokeswoman said the airline will reveal to passengers that they will be flying on a MAX. The carrier will also alert passengers if they are suddenly scheduled to fly on a MAX due to a schedule change, she said.
American Airlines is the third carrier globally to resume flights following Brazil's Gol Linhas Aereas Inteligentes and Mexico's Grupo Aeromexico earlier this month. Between those two airlines, the 737 MAX has flown about 250 commercial flights, according to Cirium, the aviation data firm.
Last month, the FAA lifted its ban on the 737 Max, 20 months after the aircraft was grounded following two crashes that killed 364 people.
An Ethiopian Airlines aircraft crashed on the outskirts of Ethiopia's capital city Addis Ababa in March 2019, killing all 157 people on board. It was the 737 Max's second accident in five months after 189 people were killed on a Lion Air flight in Indonesia.
The FAA published an Airworthiness Directive specifying design changes that must be made before the aircraft returns to service, issued a Continued Airworthiness Notification to the International Community and published the MAX training requirements. Those actions do not allow the MAX to return immediately to the skies, the FAA said in a statement.
The views and 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) has restarted Boeing Co.'s (BA) 737 MAX passenger flights in the United States on Tuesday for the first time in nearly two years. American Airlines is the third carrier globally to resume flights following Brazil's Gol Linhas Aereas Inteligentes and Mexico's Grupo Aeromexico earlier this month. An Ethiopian Airlines aircraft crashed on the outskirts of Ethiopia's capital city Addis Ababa in March 2019, killing all 157 people on board.
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(RTTNews) - American Airlines (AAL) has restarted Boeing Co.'s (BA) 737 MAX passenger flights in the United States on Tuesday for the first time in nearly two years. American Flight 718 was scheduled to depart from Miami International Airport at 10:32 a.m. and land at LaGuardia Airport at 1:30 p.m. An Ethiopian Airlines aircraft crashed on the outskirts of Ethiopia's capital city Addis Ababa in March 2019, killing all 157 people on board.
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(RTTNews) - American Airlines (AAL) has restarted Boeing Co.'s (BA) 737 MAX passenger flights in the United States on Tuesday for the first time in nearly two years. Initially, American Airlines will operate round-trip flights between Miami and New York, then it will gradually add the 737 Max back into service. Last month, the FAA lifted its ban on the 737 Max, 20 months after the aircraft was grounded following two crashes that killed 364 people.
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(RTTNews) - American Airlines (AAL) has restarted Boeing Co.'s (BA) 737 MAX passenger flights in the United States on Tuesday for the first time in nearly two years. American Flight 718 was scheduled to depart from Miami International Airport at 10:32 a.m. and land at LaGuardia Airport at 1:30 p.m. An American spokeswoman said the airline will reveal to passengers that they will be flying on a MAX.
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4838.0
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2020-12-28 00:00:00 UTC
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FAA to reform new airplane safety approvals after 737 MAX crashes
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https://www.nasdaq.com/articles/faa-to-reform-new-airplane-safety-approvals-after-737-max-crashes-2020-12-28
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By David Shepardson
WASHINGTON, Dec 28 (Reuters) - The Federal Aviation Administration (FAA) said Monday it would reform how it certifies new airplanes in line with legislation passed by Congress after two fatal Boeing BA.N 737 MAX crashes that killed 346 people.
Lawmakers approved sweeping reforms in legislation signed into law Sunday by U.S. President Donald Trump that boosts FAA oversight of aircraft manufacturers, requires disclosure of critical safety information and provide new whistleblower protections.
The FAA said in a statement it "will work to implement the changes as directed by Congress. The FAA is committed to continuous advancement of aviation safety and improving our organization, processes, and culture."
Senator Roger Wicker, a Republican who chairs the Commerce Committee, said in an opinion piece Monday the law "will take steps to protect against manufacturers placing undue pressure on employees during the certification process."
Wicker added the law "should help restore the safety culture in the FAA."
An FAA survey released in August found some safety employees reported facing "strong" external pressure from industry and raised alarms the agency does not always prioritize air safety.
The FAA lifted the 20-month grounding of the 737 MAX last month. The MAX is set to resume U.S. commercial passenger flights Tuesday, when American Airlines AAL.O begins flying the MAX on a Miami to New York flight.
The legislation requires an independent review of Boeing’s safety culture.
Boeing, which faces an ongoing criminal investigation into the MAX, has not commented on the new law.
The FAA must report to Congress on implementation of recommendations issued after the 737 MAX crashes.
"You can't legislate cultural change, but we're darn sure going to try to increase the safety goals," Senator Maria Cantwell, the top Democrat on the Senate Commerce Committee, said in an interview.
The law repeals rules allowing FAA employees to receive bonuses or other financial incentive based on meeting manufacturer-driven certification schedules or quotas.
"We're not going to pay people at the FAA to move planes faster," Cantwell said. "This is about getting safety right."
The law authorizes civil penalties against aviation manufacturer supervisors who interfere with employees acting on behalf of the FAA, authorizes new resources for FAA to add key technical staff and requires it to review pilot-training.
The United States has not had a fatal U.S. passenger airline crash since February 2009 and only one fatality due to a U.S. passenger airline accident in that period. The FAA credited the decline in fatalities in part "because the FAA established robust information-sharing programs throughout the aviation industry that encouraged openness."
(Reporting by David Shepardson; Editing by 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 MAX is set to resume U.S. commercial passenger flights Tuesday, when American Airlines AAL.O begins flying the MAX on a Miami to New York flight. By David Shepardson WASHINGTON, Dec 28 (Reuters) - The Federal Aviation Administration (FAA) said Monday it would reform how it certifies new airplanes in line with legislation passed by Congress after two fatal Boeing BA.N 737 MAX crashes that killed 346 people. Lawmakers approved sweeping reforms in legislation signed into law Sunday by U.S. President Donald Trump that boosts FAA oversight of aircraft manufacturers, requires disclosure of critical safety information and provide new whistleblower protections.
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The MAX is set to resume U.S. commercial passenger flights Tuesday, when American Airlines AAL.O begins flying the MAX on a Miami to New York flight. By David Shepardson WASHINGTON, Dec 28 (Reuters) - The Federal Aviation Administration (FAA) said Monday it would reform how it certifies new airplanes in line with legislation passed by Congress after two fatal Boeing BA.N 737 MAX crashes that killed 346 people. An FAA survey released in August found some safety employees reported facing "strong" external pressure from industry and raised alarms the agency does not always prioritize air safety.
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The MAX is set to resume U.S. commercial passenger flights Tuesday, when American Airlines AAL.O begins flying the MAX on a Miami to New York flight. By David Shepardson WASHINGTON, Dec 28 (Reuters) - The Federal Aviation Administration (FAA) said Monday it would reform how it certifies new airplanes in line with legislation passed by Congress after two fatal Boeing BA.N 737 MAX crashes that killed 346 people. An FAA survey released in August found some safety employees reported facing "strong" external pressure from industry and raised alarms the agency does not always prioritize air safety.
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The MAX is set to resume U.S. commercial passenger flights Tuesday, when American Airlines AAL.O begins flying the MAX on a Miami to New York flight. Wicker added the law "should help restore the safety culture in the FAA." The legislation requires an independent review of Boeing’s safety culture.
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4839.0
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2020-12-28 00:00:00 UTC
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US STOCKS-Wall St set to open near record highs after Trump signs fiscal aid bill
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-open-near-record-highs-after-trump-signs-fiscal-aid-bill-2020-12
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By Devik Jain and Supriya R
Dec 28 (Reuters) - Wall Street's main indexes were set to open near record levels on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks.
In a sudden reversal late on Sunday, Trump backed down from his threat to block the hard-fought bill, restoring unemployment benefits to millions of Americans and averted a federal government shutdown.
"Trump signing the COVID relief and government spending bill has gotten uncertainty out of the way, and the market right now is on autopilot - creeping its way higher into the new year," said Sam Stovall, chief investment strategist at CFRA Research.
Trading volumes are expected to be slim in the final week of the year, with stock markets being shut on Friday for New Year holiday.
Airline shares were among the top gainers as the payroll aid is expected to provide some relief to the battered sector. Southwest Airlines LUV.N, Delta Air lines DAL.N, United Airlines UAL.O and American Airlines AAL.O rose between 1.5% and 2.8% in premarket trading.
Bank stocks, including those of Wells Fargo WFC.N and Goldman Sachs GS.N, gained between 0.8% and 1.2%.
The rolling out of vaccines and a string of stimulus measures have put the S&P 500 on track to rise about 15% this year, with some of the biggest boost coming from technology heavyweights Apple Inc AAPL.O and Amazon.com Inc AMZN.O.
However, tech stocks lost some fizz in recent weeks as less-loved parts of the market such as energy, financials and small caps took center stage on hopes of an economic rebound. Investors are also assessing their bets on U.S. technology stocks for the coming year against the backdrop of pricey valuations and regulatory risks.
At 08:30 a.m. ET, S&P 500 E-minis EScv1 were up 26.5 points, or 0.72%, Dow E-minis 1YMcv1 were up 156 points, or 0.51%, and Nasdaq 100 E-minis NQcv1 were up 104.25 points, or 0.82%.
Democrats in the U.S. Congress on Monday will put to vote a proposal for higher pandemic relief payments for Americans, although it appears unlikely to gain traction in the Republican-controlled Senate.
Fueling the global appetite for risk, Britain and European Union clinched a lean post-Brexit trade deal on Thursday, while the launch of a mass COVID-19 vaccination drive in Europe over the weekend added to the upbeat mood.
U.S.-listed shares of Alibaba Group BABA.N fell 1.6%, extending Thursday's loss of 13.34% after China launched an anti-trust probe into the company.
(Reporting by Devik Jain and Supriya R in Bengaluru; Editing by Anil D'Silva)
((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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Southwest Airlines LUV.N, Delta Air lines DAL.N, United Airlines UAL.O and American Airlines AAL.O rose between 1.5% and 2.8% in premarket trading. By Devik Jain and Supriya R Dec 28 (Reuters) - Wall Street's main indexes were set to open near record levels on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks. "Trump signing the COVID relief and government spending bill has gotten uncertainty out of the way, and the market right now is on autopilot - creeping its way higher into the new year," said Sam Stovall, chief investment strategist at CFRA Research.
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Southwest Airlines LUV.N, Delta Air lines DAL.N, United Airlines UAL.O and American Airlines AAL.O rose between 1.5% and 2.8% in premarket trading. By Devik Jain and Supriya R Dec 28 (Reuters) - Wall Street's main indexes were set to open near record levels on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks. Investors are also assessing their bets on U.S. technology stocks for the coming year against the backdrop of pricey valuations and regulatory risks.
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Southwest Airlines LUV.N, Delta Air lines DAL.N, United Airlines UAL.O and American Airlines AAL.O rose between 1.5% and 2.8% in premarket trading. By Devik Jain and Supriya R Dec 28 (Reuters) - Wall Street's main indexes were set to open near record levels on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks. "Trump signing the COVID relief and government spending bill has gotten uncertainty out of the way, and the market right now is on autopilot - creeping its way higher into the new year," said Sam Stovall, chief investment strategist at CFRA Research.
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Southwest Airlines LUV.N, Delta Air lines DAL.N, United Airlines UAL.O and American Airlines AAL.O rose between 1.5% and 2.8% in premarket trading. In a sudden reversal late on Sunday, Trump backed down from his threat to block the hard-fought bill, restoring unemployment benefits to millions of Americans and averted a federal government shutdown. "Trump signing the COVID relief and government spending bill has gotten uncertainty out of the way, and the market right now is on autopilot - creeping its way higher into the new year," said Sam Stovall, chief investment strategist at CFRA Research.
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4840.0
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2020-12-28 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Lockheed Martin, stay-at-home stocks, COVID-19 vaccine makers
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-lockheed-martin-stay-at-home-stocks-covid-19-vaccine-makers
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes were trading at record levels on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery. .N
At 12:56 ET, the Dow Jones Industrial Average .DJI was up 0.71% at 30,414.37. The S&P 500 .SPX was up 0.90% at 3,736.41 and the Nasdaq Composite .IXIC was up 0.90% at 12,919.968. The top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Co DXC.N, up 6.2% ** Ulta Beauty Inc ULTA.OQ, up 5% ** Norwegian Cruse Line NCLH.N, up 4.3% The top three S&P 500 .PL.INX percentage losers: ** Etsy Inc ETSY.OQ, down 4.9% ** Whirlpool Corp WHR.N, down 3.5% ** Rollins ROL.N, down 3.1% The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp ACY.N, up 1,264.7% ** Regional Health Properties Inc RHE.N, up 606.3% ** Avalon Holdings AWX.N, up 39.1% The top three NYSE .PL.N percentage losers: ** Miniso Group MNSO.N, down 18.2% ** Fubotv Inc FUBO.N, down 16.8% ** ProShares Ultra Bloomberg Natural Gas BOIL.N, down 15.8% The top three Nasdaq .PG.O percentage gainers: ** Bit Digital Inc BTBT.O, up 75.8% ** GreenPro Capital Corp GRNQ.O, up 66.8% ** China Recycling Energy Corp CREG.O, up 62.4% The top three Nasdaq .PL.O percentage losers: ** Aprea Therapeutics Inc APRE.O, down 77% ** Air T Inc AIRT.O, down 48.6% ** Addex Therapeutics Ltd ADXN.O, down 39.6% ** Nano Dimension NNDM.O: down 7.5%
BUZZ-Drops on discounted share offering
** Myovant Sciences MYOV.N: up 27.9%
BUZZ-Jumps on collaboration with Pfizer for cancer treatment
** UTStarcom Holdings UTSI.O: up 7.6%
BUZZ-Jumps on meeting milestone in network agreement
** American Airlines AAL.O: up 2.7%
** United Airlines UAL.O: up 1.8%
** Delta Air Lines DAL.N: up 1.8%
BUZZ-U.S. airlines rise as Trump signs $2.3 trillion pandemic aid, spending package
** Advanced Micro Devices Inc AMD.O: up 0.6%
** Allegro MicroSystems Inc ALGM.O: up 1.9%
** Broadcom Inc AVGO.O: up 0.1%
BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects
** IMV IMV.O: up 12.1%
BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine
** Ashford AHT.N: up 25.0%
BUZZ-Jumps on $350 mln financing assurance
** Sundial Growers SNDL.O: up 0.7%
BUZZ-Rises after concentrates deal with Simply Solventless
** Aprea Therapeutics APRE.O: down 77.0%
BUZZ-Slumps after blood cancer treatment fails late-stage trial
** Ideanomics IDEX.O: up 6.1%
BUZZ-Soars on deal to buy 2,000 of BYD's electric vehicles
** UnitedHealth UNH.N: up 1.2%
** Cigna CI.N: up 1.8%
BUZZ-Stimulus Bill may boost premiums for health insurers - SVB Leerink
** Technical Communications TCCO.O: down 11.5%
BUZZ-Slumps on swing to 2020 loss
** Cara CARA.O: up 5.1%
BUZZ-Rises on submitting marketing application for itch treatment
** Peabody Energy BTU.N: up 39.0%
BUZZ-Hits 3-month high after reaching support deal with certain creditors
** GreenPro Capital GRNQ.O: up 66.8%
BUZZ-Jumps on plans to set up Bitcoin fund
** Lockheed Martin LMT.N: up 0.1%
BUZZ-Up as 2020 F-35 deliveries near high end of revised outlook
** Autolus AUTL.O: up 1.8%
BUZZ-Up as H.C. Wainwright bullish on potential of blood cancer treatments
** Moderna Inc MRNA.O: down 5.2%
** Inovio Pharmaceuticals INO.O: down 4.9%
** Novavax Inc NVAX.O: down 4.7%
BUZZ-COVID-19 vaccine makers fall as AstraZeneca shot likely to get approval soon
** Peloton Interactive PTON.O: down 5.8%
** Zoom Video Communications ZM.O: down 5.1%
** Slack Technologies Inc WORK.N: down 0.8%
BUZZ-Stay-at-home stocks drop as vaccine cheer heightens
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 1.79%
Consumer Discretionary
.SPLRCD
up 1.69%
Consumer Staples
.SPLRCS
up 0.54%
Energy
.SPNY
down 0.20%
Financial
.SPSY
up 0.68%
Health
.SPXHC
up 0.07%
Industrial
.SPLRCI
up 0.13%
Information Technology
.SPLRCT
up 1.05%
Materials
.SPLRCM
down 0.07%
Real Estate
.SPLRCR
up 0.49%
Utilities
.SPLRCU
up 0.47%
(Compiled by Shreyasee Raj)
The views and 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 top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Co DXC.N, up 6.2% ** Ulta Beauty Inc ULTA.OQ, up 5% ** Norwegian Cruse Line NCLH.N, up 4.3% The top three S&P 500 .PL.INX percentage losers: ** Etsy Inc ETSY.OQ, down 4.9% ** Whirlpool Corp WHR.N, down 3.5% ** Rollins ROL.N, down 3.1% The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp ACY.N, up 1,264.7% ** Regional Health Properties Inc RHE.N, up 606.3% ** Avalon Holdings AWX.N, up 39.1% The top three NYSE .PL.N percentage losers: ** Miniso Group MNSO.N, down 18.2% ** Fubotv Inc FUBO.N, down 16.8% ** ProShares Ultra Bloomberg Natural Gas BOIL.N, down 15.8% The top three Nasdaq .PG.O percentage gainers: ** Bit Digital Inc BTBT.O, up 75.8% ** GreenPro Capital Corp GRNQ.O, up 66.8% ** China Recycling Energy Corp CREG.O, up 62.4% The top three Nasdaq .PL.O percentage losers: ** Aprea Therapeutics Inc APRE.O, down 77% ** Air T Inc AIRT.O, down 48.6% ** Addex Therapeutics Ltd ADXN.O, down 39.6% ** Nano Dimension NNDM.O: down 7.5% BUZZ-Drops on discounted share offering ** Myovant Sciences MYOV.N: up 27.9% BUZZ-Jumps on collaboration with Pfizer for cancer treatment ** UTStarcom Holdings UTSI.O: up 7.6% BUZZ-Jumps on meeting milestone in network agreement ** American Airlines AAL.O: up 2.7% ** United Airlines UAL.O: up 1.8% ** Delta Air Lines DAL.N: up 1.8% BUZZ-U.S. airlines rise as Trump signs $2.3 trillion pandemic aid, spending package ** Advanced Micro Devices Inc AMD.O: up 0.6% ** Allegro MicroSystems Inc ALGM.O: up 1.9% ** Broadcom Inc AVGO.O: up 0.1% BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects ** IMV IMV.O: up 12.1% BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine ** Ashford AHT.N: up 25.0% BUZZ-Jumps on $350 mln financing assurance ** Sundial Growers SNDL.O: up 0.7% BUZZ-Rises after concentrates deal with Simply Solventless ** Aprea Therapeutics APRE.O: down 77.0% BUZZ-Slumps after blood cancer treatment fails late-stage trial ** Ideanomics IDEX.O: up 6.1% BUZZ-Soars on deal to buy 2,000 of BYD's electric vehicles ** UnitedHealth UNH.N: up 1.2% ** Cigna CI.N: up 1.8% BUZZ-Stimulus Bill may boost premiums for health insurers - SVB Leerink ** Technical Communications TCCO.O: down 11.5% BUZZ-Slumps on swing to 2020 loss ** Cara CARA.O: up 5.1% BUZZ-Rises on submitting marketing application for itch treatment ** Peabody Energy BTU.N: up 39.0% BUZZ-Hits 3-month high after reaching support deal with certain creditors ** GreenPro Capital GRNQ.O: up 66.8% BUZZ-Jumps on plans to set up Bitcoin fund ** Lockheed Martin LMT.N: up 0.1% BUZZ-Up as 2020 F-35 deliveries near high end of revised outlook ** Autolus AUTL.O: up 1.8% BUZZ-Up as H.C. Wainwright bullish on potential of blood cancer treatments ** Moderna Inc MRNA.O: down 5.2% ** Inovio Pharmaceuticals INO.O: down 4.9% ** Novavax Inc NVAX.O: down 4.7% BUZZ-COVID-19 vaccine makers fall as AstraZeneca shot likely to get approval soon ** Peloton Interactive PTON.O: down 5.8% ** Zoom Video Communications ZM.O: down 5.1% ** Slack Technologies Inc WORK.N: down 0.8% BUZZ-Stay-at-home stocks drop as vaccine cheer heightens The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were trading at record levels on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery. up 0.47% (Compiled by Shreyasee Raj) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Co DXC.N, up 6.2% ** Ulta Beauty Inc ULTA.OQ, up 5% ** Norwegian Cruse Line NCLH.N, up 4.3% The top three S&P 500 .PL.INX percentage losers: ** Etsy Inc ETSY.OQ, down 4.9% ** Whirlpool Corp WHR.N, down 3.5% ** Rollins ROL.N, down 3.1% The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp ACY.N, up 1,264.7% ** Regional Health Properties Inc RHE.N, up 606.3% ** Avalon Holdings AWX.N, up 39.1% The top three NYSE .PL.N percentage losers: ** Miniso Group MNSO.N, down 18.2% ** Fubotv Inc FUBO.N, down 16.8% ** ProShares Ultra Bloomberg Natural Gas BOIL.N, down 15.8% The top three Nasdaq .PG.O percentage gainers: ** Bit Digital Inc BTBT.O, up 75.8% ** GreenPro Capital Corp GRNQ.O, up 66.8% ** China Recycling Energy Corp CREG.O, up 62.4% The top three Nasdaq .PL.O percentage losers: ** Aprea Therapeutics Inc APRE.O, down 77% ** Air T Inc AIRT.O, down 48.6% ** Addex Therapeutics Ltd ADXN.O, down 39.6% ** Nano Dimension NNDM.O: down 7.5% BUZZ-Drops on discounted share offering ** Myovant Sciences MYOV.N: up 27.9% BUZZ-Jumps on collaboration with Pfizer for cancer treatment ** UTStarcom Holdings UTSI.O: up 7.6% BUZZ-Jumps on meeting milestone in network agreement ** American Airlines AAL.O: up 2.7% ** United Airlines UAL.O: up 1.8% ** Delta Air Lines DAL.N: up 1.8% BUZZ-U.S. airlines rise as Trump signs $2.3 trillion pandemic aid, spending package ** Advanced Micro Devices Inc AMD.O: up 0.6% ** Allegro MicroSystems Inc ALGM.O: up 1.9% ** Broadcom Inc AVGO.O: up 0.1% BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects ** IMV IMV.O: up 12.1% BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine ** Ashford AHT.N: up 25.0% BUZZ-Jumps on $350 mln financing assurance ** Sundial Growers SNDL.O: up 0.7% BUZZ-Rises after concentrates deal with Simply Solventless ** Aprea Therapeutics APRE.O: down 77.0% BUZZ-Slumps after blood cancer treatment fails late-stage trial ** Ideanomics IDEX.O: up 6.1% BUZZ-Soars on deal to buy 2,000 of BYD's electric vehicles ** UnitedHealth UNH.N: up 1.2% ** Cigna CI.N: up 1.8% BUZZ-Stimulus Bill may boost premiums for health insurers - SVB Leerink ** Technical Communications TCCO.O: down 11.5% BUZZ-Slumps on swing to 2020 loss ** Cara CARA.O: up 5.1% BUZZ-Rises on submitting marketing application for itch treatment ** Peabody Energy BTU.N: up 39.0% BUZZ-Hits 3-month high after reaching support deal with certain creditors ** GreenPro Capital GRNQ.O: up 66.8% BUZZ-Jumps on plans to set up Bitcoin fund ** Lockheed Martin LMT.N: up 0.1% BUZZ-Up as 2020 F-35 deliveries near high end of revised outlook ** Autolus AUTL.O: up 1.8% BUZZ-Up as H.C. Wainwright bullish on potential of blood cancer treatments ** Moderna Inc MRNA.O: down 5.2% ** Inovio Pharmaceuticals INO.O: down 4.9% ** Novavax Inc NVAX.O: down 4.7% BUZZ-COVID-19 vaccine makers fall as AstraZeneca shot likely to get approval soon ** Peloton Interactive PTON.O: down 5.8% ** Zoom Video Communications ZM.O: down 5.1% ** Slack Technologies Inc WORK.N: down 0.8% BUZZ-Stay-at-home stocks drop as vaccine cheer heightens The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were trading at record levels on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery. up 0.47% (Compiled by Shreyasee Raj) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Co DXC.N, up 6.2% ** Ulta Beauty Inc ULTA.OQ, up 5% ** Norwegian Cruse Line NCLH.N, up 4.3% The top three S&P 500 .PL.INX percentage losers: ** Etsy Inc ETSY.OQ, down 4.9% ** Whirlpool Corp WHR.N, down 3.5% ** Rollins ROL.N, down 3.1% The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp ACY.N, up 1,264.7% ** Regional Health Properties Inc RHE.N, up 606.3% ** Avalon Holdings AWX.N, up 39.1% The top three NYSE .PL.N percentage losers: ** Miniso Group MNSO.N, down 18.2% ** Fubotv Inc FUBO.N, down 16.8% ** ProShares Ultra Bloomberg Natural Gas BOIL.N, down 15.8% The top three Nasdaq .PG.O percentage gainers: ** Bit Digital Inc BTBT.O, up 75.8% ** GreenPro Capital Corp GRNQ.O, up 66.8% ** China Recycling Energy Corp CREG.O, up 62.4% The top three Nasdaq .PL.O percentage losers: ** Aprea Therapeutics Inc APRE.O, down 77% ** Air T Inc AIRT.O, down 48.6% ** Addex Therapeutics Ltd ADXN.O, down 39.6% ** Nano Dimension NNDM.O: down 7.5% BUZZ-Drops on discounted share offering ** Myovant Sciences MYOV.N: up 27.9% BUZZ-Jumps on collaboration with Pfizer for cancer treatment ** UTStarcom Holdings UTSI.O: up 7.6% BUZZ-Jumps on meeting milestone in network agreement ** American Airlines AAL.O: up 2.7% ** United Airlines UAL.O: up 1.8% ** Delta Air Lines DAL.N: up 1.8% BUZZ-U.S. airlines rise as Trump signs $2.3 trillion pandemic aid, spending package ** Advanced Micro Devices Inc AMD.O: up 0.6% ** Allegro MicroSystems Inc ALGM.O: up 1.9% ** Broadcom Inc AVGO.O: up 0.1% BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects ** IMV IMV.O: up 12.1% BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine ** Ashford AHT.N: up 25.0% BUZZ-Jumps on $350 mln financing assurance ** Sundial Growers SNDL.O: up 0.7% BUZZ-Rises after concentrates deal with Simply Solventless ** Aprea Therapeutics APRE.O: down 77.0% BUZZ-Slumps after blood cancer treatment fails late-stage trial ** Ideanomics IDEX.O: up 6.1% BUZZ-Soars on deal to buy 2,000 of BYD's electric vehicles ** UnitedHealth UNH.N: up 1.2% ** Cigna CI.N: up 1.8% BUZZ-Stimulus Bill may boost premiums for health insurers - SVB Leerink ** Technical Communications TCCO.O: down 11.5% BUZZ-Slumps on swing to 2020 loss ** Cara CARA.O: up 5.1% BUZZ-Rises on submitting marketing application for itch treatment ** Peabody Energy BTU.N: up 39.0% BUZZ-Hits 3-month high after reaching support deal with certain creditors ** GreenPro Capital GRNQ.O: up 66.8% BUZZ-Jumps on plans to set up Bitcoin fund ** Lockheed Martin LMT.N: up 0.1% BUZZ-Up as 2020 F-35 deliveries near high end of revised outlook ** Autolus AUTL.O: up 1.8% BUZZ-Up as H.C. Wainwright bullish on potential of blood cancer treatments ** Moderna Inc MRNA.O: down 5.2% ** Inovio Pharmaceuticals INO.O: down 4.9% ** Novavax Inc NVAX.O: down 4.7% BUZZ-COVID-19 vaccine makers fall as AstraZeneca shot likely to get approval soon ** Peloton Interactive PTON.O: down 5.8% ** Zoom Video Communications ZM.O: down 5.1% ** Slack Technologies Inc WORK.N: down 0.8% BUZZ-Stay-at-home stocks drop as vaccine cheer heightens The 11 major S&P 500 sectors: Communication Services .N At 12:56 ET, the Dow Jones Industrial Average .DJI was up 0.71% at 30,414.37. up 1.79% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Co DXC.N, up 6.2% ** Ulta Beauty Inc ULTA.OQ, up 5% ** Norwegian Cruse Line NCLH.N, up 4.3% The top three S&P 500 .PL.INX percentage losers: ** Etsy Inc ETSY.OQ, down 4.9% ** Whirlpool Corp WHR.N, down 3.5% ** Rollins ROL.N, down 3.1% The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp ACY.N, up 1,264.7% ** Regional Health Properties Inc RHE.N, up 606.3% ** Avalon Holdings AWX.N, up 39.1% The top three NYSE .PL.N percentage losers: ** Miniso Group MNSO.N, down 18.2% ** Fubotv Inc FUBO.N, down 16.8% ** ProShares Ultra Bloomberg Natural Gas BOIL.N, down 15.8% The top three Nasdaq .PG.O percentage gainers: ** Bit Digital Inc BTBT.O, up 75.8% ** GreenPro Capital Corp GRNQ.O, up 66.8% ** China Recycling Energy Corp CREG.O, up 62.4% The top three Nasdaq .PL.O percentage losers: ** Aprea Therapeutics Inc APRE.O, down 77% ** Air T Inc AIRT.O, down 48.6% ** Addex Therapeutics Ltd ADXN.O, down 39.6% ** Nano Dimension NNDM.O: down 7.5% BUZZ-Drops on discounted share offering ** Myovant Sciences MYOV.N: up 27.9% BUZZ-Jumps on collaboration with Pfizer for cancer treatment ** UTStarcom Holdings UTSI.O: up 7.6% BUZZ-Jumps on meeting milestone in network agreement ** American Airlines AAL.O: up 2.7% ** United Airlines UAL.O: up 1.8% ** Delta Air Lines DAL.N: up 1.8% BUZZ-U.S. airlines rise as Trump signs $2.3 trillion pandemic aid, spending package ** Advanced Micro Devices Inc AMD.O: up 0.6% ** Allegro MicroSystems Inc ALGM.O: up 1.9% ** Broadcom Inc AVGO.O: up 0.1% BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects ** IMV IMV.O: up 12.1% BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine ** Ashford AHT.N: up 25.0% BUZZ-Jumps on $350 mln financing assurance ** Sundial Growers SNDL.O: up 0.7% BUZZ-Rises after concentrates deal with Simply Solventless ** Aprea Therapeutics APRE.O: down 77.0% BUZZ-Slumps after blood cancer treatment fails late-stage trial ** Ideanomics IDEX.O: up 6.1% BUZZ-Soars on deal to buy 2,000 of BYD's electric vehicles ** UnitedHealth UNH.N: up 1.2% ** Cigna CI.N: up 1.8% BUZZ-Stimulus Bill may boost premiums for health insurers - SVB Leerink ** Technical Communications TCCO.O: down 11.5% BUZZ-Slumps on swing to 2020 loss ** Cara CARA.O: up 5.1% BUZZ-Rises on submitting marketing application for itch treatment ** Peabody Energy BTU.N: up 39.0% BUZZ-Hits 3-month high after reaching support deal with certain creditors ** GreenPro Capital GRNQ.O: up 66.8% BUZZ-Jumps on plans to set up Bitcoin fund ** Lockheed Martin LMT.N: up 0.1% BUZZ-Up as 2020 F-35 deliveries near high end of revised outlook ** Autolus AUTL.O: up 1.8% BUZZ-Up as H.C. Wainwright bullish on potential of blood cancer treatments ** Moderna Inc MRNA.O: down 5.2% ** Inovio Pharmaceuticals INO.O: down 4.9% ** Novavax Inc NVAX.O: down 4.7% BUZZ-COVID-19 vaccine makers fall as AstraZeneca shot likely to get approval soon ** Peloton Interactive PTON.O: down 5.8% ** Zoom Video Communications ZM.O: down 5.1% ** Slack Technologies Inc WORK.N: down 0.8% BUZZ-Stay-at-home stocks drop as vaccine cheer heightens The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were trading at record levels on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery. .N At 12:56 ET, the Dow Jones Industrial Average .DJI was up 0.71% at 30,414.37.
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4841.0
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2020-12-28 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-AMC Entertainment, UnitedHealth, Peabody Energy
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-amc-entertainment-unitedhealth-peabody-energy-2020-12-28
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nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes hit record highs on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery and drove gains in financial and energy stocks. .N
At 11:18 ET, the Dow Jones Industrial Average .DJI was up 0.80% at 30,442.35. The S&P 500 .SPX was up 0.81% at 3,733.13 and the Nasdaq Composite .IXIC was up 0.70% at 12,893.849. The top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Co , up 5.6% ** Carnival Corp , up 4.8% ** Live Nation Entertainment Inc , up 4.5% The top three S&P 500 .PL.INX percentage losers: ** ETSY Inc , down 5.6% ** Cabot Oil & Gas Corp , down 3.2% ** Whirlpool Corp , down 2.5% The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 1,264.7% ** Regional Health Properties Inc , up 261.4% ** Peabody Energy Corp , up 43.6% The top three NYSE .PL.N percentage losers: ** ProShares Ultra Bloomberg Natural Gas , down 19.8% ** Miniso Group , down 15.2% ** Fubotv Inc , down 14.3% The top three Nasdaq .PG.O percentage gainers: ** GreenPro Capital Corp , up 75.8% ** Marine Petroleum Trust , up 64.2% ** Bit Digital Inc , up 54.1% The top three Nasdaq .PL.O percentage losers: ** Aprea Therapeutics Inc , down 75.8% ** Air T Inc , down 49.2% ** Addex Therapeutics Ltd , down 39.6% ** Aurora Mobile JG.O: up 3.1%
BUZZ-Rises on tie-up with e-commerce platform
** Nano Dimension NNDM.O: down 5.8%
BUZZ-Drops on discounted share offering
** Myovant Sciences MYOV.N: up 27.3%
BUZZ-Jumps on collaboration with Pfizer for cancer treatment
** UTStarcom Holdings UTSI.O: up 6.3%
BUZZ-Jumps on meeting milestone in network agreement
** American Airlines AAL.O: up 2.8%
** United Airlines UAL.O: up 1.7%
** Delta Air Lines DAL.N: up 1.9%
BUZZ-U.S. airlines rise as Trump signs $2.3 trln pandemic aid, spending package
** Advanced Micro Devices Inc AMD.O: up 0.4%
** Allegro MicroSystems Inc ALGM.O: up 0.9%
** Broadcom Inc AVGO.O: up 0.9%
BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects
** IMV IMV.O: up 12.1%
BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine
** Soligenix SNGX.O: up 0.7%
BUZZ-Up on NIH grant to advance COVID-19 vaccine development
** Ashford AHT.N: up 28.4%
BUZZ-Jumps on $350 mln financing assurance
** Sundial Growers SNDL.O: up 2.0%
BUZZ-Rises after concentrates deal with Simply Solventless
** Aprea Therapeutics APRE.O: down 75.8%
BUZZ-Slumps after blood cancer treatment fails late-stage trial
** Ideanomics IDEX.O: up 8.8%
BUZZ-Soars on deal to buy 2,000 of BYD's electric vehicles
** AMC Entertainment AMC.N: up 1.6%
BUZZ-Rises after investor offloads at premium
** UnitedHealth UNH.N: up 1.3%
** CVS Health CVS.N: up 0.3%
** Cigna CI.N: up 1.5%
BUZZ-Stimulus Bill may boost premiums for health insurers - SVB Leerink
** Technical Communications TCCO.O: down 11.0%
BUZZ-Slumps on swing to 2020 loss
** Cara CARA.O: up 4.5%
BUZZ-Rises on submitting marketing application for itch treatment
** Peabody Energy BTU.N: up 43.6%
BUZZ-Hits 3-month high after reaching support deal with certain creditors
** GreenPro Capital GRNQ.O: up 75.8%
BUZZ-Jumps on plans to set up Bitcoin fund
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 1.20%
Consumer Discretionary
.SPLRCD
up 1.05%
Consumer Staples
.SPLRCS
up 0.46%
Energy
.SPNY
down 0.25%
Financial
.SPSY
up 0.90%
Health
.SPXHC
up 0.28%
Industrial
.SPLRCI
up 0.52%
Information Technology
.SPLRCT
up 1.13%
Materials
.SPLRCM
up 0.39%
Real Estate
.SPLRCR
up 0.40%
Utilities
.SPLRCU
up 0.61%
(Compiled by Shreyasee Raj)
The views and 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 top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Co , up 5.6% ** Carnival Corp , up 4.8% ** Live Nation Entertainment Inc , up 4.5% The top three S&P 500 .PL.INX percentage losers: ** ETSY Inc , down 5.6% ** Cabot Oil & Gas Corp , down 3.2% ** Whirlpool Corp , down 2.5% The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 1,264.7% ** Regional Health Properties Inc , up 261.4% ** Peabody Energy Corp , up 43.6% The top three NYSE .PL.N percentage losers: ** ProShares Ultra Bloomberg Natural Gas , down 19.8% ** Miniso Group , down 15.2% ** Fubotv Inc , down 14.3% The top three Nasdaq .PG.O percentage gainers: ** GreenPro Capital Corp , up 75.8% ** Marine Petroleum Trust , up 64.2% ** Bit Digital Inc , up 54.1% The top three Nasdaq .PL.O percentage losers: ** Aprea Therapeutics Inc , down 75.8% ** Air T Inc , down 49.2% ** Addex Therapeutics Ltd , down 39.6% ** Aurora Mobile JG.O: up 3.1% BUZZ-Rises on tie-up with e-commerce platform ** Nano Dimension NNDM.O: down 5.8% BUZZ-Drops on discounted share offering ** Myovant Sciences MYOV.N: up 27.3% BUZZ-Jumps on collaboration with Pfizer for cancer treatment ** UTStarcom Holdings UTSI.O: up 6.3% BUZZ-Jumps on meeting milestone in network agreement ** American Airlines AAL.O: up 2.8% ** United Airlines UAL.O: up 1.7% ** Delta Air Lines DAL.N: up 1.9% BUZZ-U.S. airlines rise as Trump signs $2.3 trln pandemic aid, spending package ** Advanced Micro Devices Inc AMD.O: up 0.4% ** Allegro MicroSystems Inc ALGM.O: up 0.9% ** Broadcom Inc AVGO.O: up 0.9% BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects ** IMV IMV.O: up 12.1% BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine ** Soligenix SNGX.O: up 0.7% BUZZ-Up on NIH grant to advance COVID-19 vaccine development ** Ashford AHT.N: up 28.4% BUZZ-Jumps on $350 mln financing assurance ** Sundial Growers SNDL.O: up 2.0% BUZZ-Rises after concentrates deal with Simply Solventless ** Aprea Therapeutics APRE.O: down 75.8% BUZZ-Slumps after blood cancer treatment fails late-stage trial ** Ideanomics IDEX.O: up 8.8% BUZZ-Soars on deal to buy 2,000 of BYD's electric vehicles ** AMC Entertainment AMC.N: up 1.6% BUZZ-Rises after investor offloads at premium ** UnitedHealth UNH.N: up 1.3% ** CVS Health CVS.N: up 0.3% ** Cigna CI.N: up 1.5% BUZZ-Stimulus Bill may boost premiums for health insurers - SVB Leerink ** Technical Communications TCCO.O: down 11.0% BUZZ-Slumps on swing to 2020 loss ** Cara CARA.O: up 4.5% BUZZ-Rises on submitting marketing application for itch treatment ** Peabody Energy BTU.N: up 43.6% BUZZ-Hits 3-month high after reaching support deal with certain creditors ** GreenPro Capital GRNQ.O: up 75.8% BUZZ-Jumps on plans to set up Bitcoin fund The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes hit record highs on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery and drove gains in financial and energy stocks. up 0.61% (Compiled by Shreyasee Raj) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Co , up 5.6% ** Carnival Corp , up 4.8% ** Live Nation Entertainment Inc , up 4.5% The top three S&P 500 .PL.INX percentage losers: ** ETSY Inc , down 5.6% ** Cabot Oil & Gas Corp , down 3.2% ** Whirlpool Corp , down 2.5% The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 1,264.7% ** Regional Health Properties Inc , up 261.4% ** Peabody Energy Corp , up 43.6% The top three NYSE .PL.N percentage losers: ** ProShares Ultra Bloomberg Natural Gas , down 19.8% ** Miniso Group , down 15.2% ** Fubotv Inc , down 14.3% The top three Nasdaq .PG.O percentage gainers: ** GreenPro Capital Corp , up 75.8% ** Marine Petroleum Trust , up 64.2% ** Bit Digital Inc , up 54.1% The top three Nasdaq .PL.O percentage losers: ** Aprea Therapeutics Inc , down 75.8% ** Air T Inc , down 49.2% ** Addex Therapeutics Ltd , down 39.6% ** Aurora Mobile JG.O: up 3.1% BUZZ-Rises on tie-up with e-commerce platform ** Nano Dimension NNDM.O: down 5.8% BUZZ-Drops on discounted share offering ** Myovant Sciences MYOV.N: up 27.3% BUZZ-Jumps on collaboration with Pfizer for cancer treatment ** UTStarcom Holdings UTSI.O: up 6.3% BUZZ-Jumps on meeting milestone in network agreement ** American Airlines AAL.O: up 2.8% ** United Airlines UAL.O: up 1.7% ** Delta Air Lines DAL.N: up 1.9% BUZZ-U.S. airlines rise as Trump signs $2.3 trln pandemic aid, spending package ** Advanced Micro Devices Inc AMD.O: up 0.4% ** Allegro MicroSystems Inc ALGM.O: up 0.9% ** Broadcom Inc AVGO.O: up 0.9% BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects ** IMV IMV.O: up 12.1% BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine ** Soligenix SNGX.O: up 0.7% BUZZ-Up on NIH grant to advance COVID-19 vaccine development ** Ashford AHT.N: up 28.4% BUZZ-Jumps on $350 mln financing assurance ** Sundial Growers SNDL.O: up 2.0% BUZZ-Rises after concentrates deal with Simply Solventless ** Aprea Therapeutics APRE.O: down 75.8% BUZZ-Slumps after blood cancer treatment fails late-stage trial ** Ideanomics IDEX.O: up 8.8% BUZZ-Soars on deal to buy 2,000 of BYD's electric vehicles ** AMC Entertainment AMC.N: up 1.6% BUZZ-Rises after investor offloads at premium ** UnitedHealth UNH.N: up 1.3% ** CVS Health CVS.N: up 0.3% ** Cigna CI.N: up 1.5% BUZZ-Stimulus Bill may boost premiums for health insurers - SVB Leerink ** Technical Communications TCCO.O: down 11.0% BUZZ-Slumps on swing to 2020 loss ** Cara CARA.O: up 4.5% BUZZ-Rises on submitting marketing application for itch treatment ** Peabody Energy BTU.N: up 43.6% BUZZ-Hits 3-month high after reaching support deal with certain creditors ** GreenPro Capital GRNQ.O: up 75.8% BUZZ-Jumps on plans to set up Bitcoin fund The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes hit record highs on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery and drove gains in financial and energy stocks. up 0.61% (Compiled by Shreyasee Raj) The views and 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 top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Co , up 5.6% ** Carnival Corp , up 4.8% ** Live Nation Entertainment Inc , up 4.5% The top three S&P 500 .PL.INX percentage losers: ** ETSY Inc , down 5.6% ** Cabot Oil & Gas Corp , down 3.2% ** Whirlpool Corp , down 2.5% The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 1,264.7% ** Regional Health Properties Inc , up 261.4% ** Peabody Energy Corp , up 43.6% The top three NYSE .PL.N percentage losers: ** ProShares Ultra Bloomberg Natural Gas , down 19.8% ** Miniso Group , down 15.2% ** Fubotv Inc , down 14.3% The top three Nasdaq .PG.O percentage gainers: ** GreenPro Capital Corp , up 75.8% ** Marine Petroleum Trust , up 64.2% ** Bit Digital Inc , up 54.1% The top three Nasdaq .PL.O percentage losers: ** Aprea Therapeutics Inc , down 75.8% ** Air T Inc , down 49.2% ** Addex Therapeutics Ltd , down 39.6% ** Aurora Mobile JG.O: up 3.1% BUZZ-Rises on tie-up with e-commerce platform ** Nano Dimension NNDM.O: down 5.8% BUZZ-Drops on discounted share offering ** Myovant Sciences MYOV.N: up 27.3% BUZZ-Jumps on collaboration with Pfizer for cancer treatment ** UTStarcom Holdings UTSI.O: up 6.3% BUZZ-Jumps on meeting milestone in network agreement ** American Airlines AAL.O: up 2.8% ** United Airlines UAL.O: up 1.7% ** Delta Air Lines DAL.N: up 1.9% BUZZ-U.S. airlines rise as Trump signs $2.3 trln pandemic aid, spending package ** Advanced Micro Devices Inc AMD.O: up 0.4% ** Allegro MicroSystems Inc ALGM.O: up 0.9% ** Broadcom Inc AVGO.O: up 0.9% BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects ** IMV IMV.O: up 12.1% BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine ** Soligenix SNGX.O: up 0.7% BUZZ-Up on NIH grant to advance COVID-19 vaccine development ** Ashford AHT.N: up 28.4% BUZZ-Jumps on $350 mln financing assurance ** Sundial Growers SNDL.O: up 2.0% BUZZ-Rises after concentrates deal with Simply Solventless ** Aprea Therapeutics APRE.O: down 75.8% BUZZ-Slumps after blood cancer treatment fails late-stage trial ** Ideanomics IDEX.O: up 8.8% BUZZ-Soars on deal to buy 2,000 of BYD's electric vehicles ** AMC Entertainment AMC.N: up 1.6% BUZZ-Rises after investor offloads at premium ** UnitedHealth UNH.N: up 1.3% ** CVS Health CVS.N: up 0.3% ** Cigna CI.N: up 1.5% BUZZ-Stimulus Bill may boost premiums for health insurers - SVB Leerink ** Technical Communications TCCO.O: down 11.0% BUZZ-Slumps on swing to 2020 loss ** Cara CARA.O: up 4.5% BUZZ-Rises on submitting marketing application for itch treatment ** Peabody Energy BTU.N: up 43.6% BUZZ-Hits 3-month high after reaching support deal with certain creditors ** GreenPro Capital GRNQ.O: up 75.8% BUZZ-Jumps on plans to set up Bitcoin fund The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes hit record highs on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery and drove gains in financial and energy stocks. .N At 11:18 ET, the Dow Jones Industrial Average .DJI was up 0.80% at 30,442.35.
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The top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Co , up 5.6% ** Carnival Corp , up 4.8% ** Live Nation Entertainment Inc , up 4.5% The top three S&P 500 .PL.INX percentage losers: ** ETSY Inc , down 5.6% ** Cabot Oil & Gas Corp , down 3.2% ** Whirlpool Corp , down 2.5% The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 1,264.7% ** Regional Health Properties Inc , up 261.4% ** Peabody Energy Corp , up 43.6% The top three NYSE .PL.N percentage losers: ** ProShares Ultra Bloomberg Natural Gas , down 19.8% ** Miniso Group , down 15.2% ** Fubotv Inc , down 14.3% The top three Nasdaq .PG.O percentage gainers: ** GreenPro Capital Corp , up 75.8% ** Marine Petroleum Trust , up 64.2% ** Bit Digital Inc , up 54.1% The top three Nasdaq .PL.O percentage losers: ** Aprea Therapeutics Inc , down 75.8% ** Air T Inc , down 49.2% ** Addex Therapeutics Ltd , down 39.6% ** Aurora Mobile JG.O: up 3.1% BUZZ-Rises on tie-up with e-commerce platform ** Nano Dimension NNDM.O: down 5.8% BUZZ-Drops on discounted share offering ** Myovant Sciences MYOV.N: up 27.3% BUZZ-Jumps on collaboration with Pfizer for cancer treatment ** UTStarcom Holdings UTSI.O: up 6.3% BUZZ-Jumps on meeting milestone in network agreement ** American Airlines AAL.O: up 2.8% ** United Airlines UAL.O: up 1.7% ** Delta Air Lines DAL.N: up 1.9% BUZZ-U.S. airlines rise as Trump signs $2.3 trln pandemic aid, spending package ** Advanced Micro Devices Inc AMD.O: up 0.4% ** Allegro MicroSystems Inc ALGM.O: up 0.9% ** Broadcom Inc AVGO.O: up 0.9% BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects ** IMV IMV.O: up 12.1% BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine ** Soligenix SNGX.O: up 0.7% BUZZ-Up on NIH grant to advance COVID-19 vaccine development ** Ashford AHT.N: up 28.4% BUZZ-Jumps on $350 mln financing assurance ** Sundial Growers SNDL.O: up 2.0% BUZZ-Rises after concentrates deal with Simply Solventless ** Aprea Therapeutics APRE.O: down 75.8% BUZZ-Slumps after blood cancer treatment fails late-stage trial ** Ideanomics IDEX.O: up 8.8% BUZZ-Soars on deal to buy 2,000 of BYD's electric vehicles ** AMC Entertainment AMC.N: up 1.6% BUZZ-Rises after investor offloads at premium ** UnitedHealth UNH.N: up 1.3% ** CVS Health CVS.N: up 0.3% ** Cigna CI.N: up 1.5% BUZZ-Stimulus Bill may boost premiums for health insurers - SVB Leerink ** Technical Communications TCCO.O: down 11.0% BUZZ-Slumps on swing to 2020 loss ** Cara CARA.O: up 4.5% BUZZ-Rises on submitting marketing application for itch treatment ** Peabody Energy BTU.N: up 43.6% BUZZ-Hits 3-month high after reaching support deal with certain creditors ** GreenPro Capital GRNQ.O: up 75.8% BUZZ-Jumps on plans to set up Bitcoin fund The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes hit record highs on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery and drove gains in financial and energy stocks. .N At 11:18 ET, the Dow Jones Industrial Average .DJI was up 0.80% at 30,442.35.
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4842.0
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2020-12-28 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-U.S. airlines, Myovant Sciences, IMV, AMD
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-u.s.-airlines-myovant-sciences-imv-amd-2020-12-28
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes were set to open near record levels on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks. .N
At 9:04 a.m. ET, Dow e-minis 1YMc1 were up 0.54% at 30,271. S&P 500 e-minis ESc1 were up 0.76% at 3,723.25. Nasdaq 100 e-minis NQc1 were up 0.92% at 12,820.75. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Peabody Energy Corp , up 27.9% ** Myovant Sciences , up 23.4% ** Live Oak Acquisition Corp , up 19.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Orion Engineered Carbons SA , down 13.7% ** Fubotv Inc , down 9.6% ** Phoenix Tree Holdings Ltd , down 9.1% The top three Nasdaq percentage gainers premarket .PRPG.O: ** DarioHealth Equity Warrants , up 116.7% ** GreenPro Capital Corp , up 113.3% ** Bionano Genomics Equity Warrants , up 64.2% The top three Nasdaq percentage losers premarket .PRPL.O: ** Aprea Therapeutics Inc , down 73.2% ** ToughBuilt Industries Equity Warrants , down 38.7% ** Addex Therapeutics Ltd , down 31.9% ** Aurora Mobile JG.O: up 6.1% premarket BUZZ-Rises on tie-up with e-commerce platform
** Nano Dimension NNDM.O: down 9.4% premarket BUZZ-Drops on discounted share offering
** Myovant Sciences MYOV.N: up 23.4% premarket BUZZ-Jumps on collaboration with Pfizer for cancer treatment
** UTStarcom Holdings UTSI.O: up 3.8% premarket BUZZ-Jumps on meeting milestone in network agreement
** IMV IMV.O: up 7.5% premarket BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine
** Soligenix SNGX.O: up 1.5% premarket BUZZ-Up on NIH grant to advance COVID-19 vaccine development
** American Airlines AAL.O: up 2.5% premarket
** United Airlines UAL.O: up 1.8% premarket
** Delta Air Lines DAL.N: up 1.8% premarket
** Southwest Airlines LUV.N: up 1.3% premarket
BUZZ-U.S. airlines rise as Trump signs $2.3 trln pandemic aid, spending package
** Ashford AHT.N: up 13.1% premarket BUZZ-Jumps on $350 mln financing assurance
** Sundial Growers SNDL.O: up 4.1% premarket BUZZ-Rises after concentrates deal with Simply Solventless
** Aprea Therapeutics APRE.O: down 73.2% premarket BUZZ-Slumps after blood cancer treatment fails late-stage trial
** Advanced Micro Devices Inc AMD.O: up 0.9% premarket
** Allegro MicroSystems Inc ALGM.O: up 3.7% premarket
** Broadcom Inc AVGO.O: up 1.1% premarket BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects
(Compiled by Shreyasee Raj)
The views and 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 top three NYSE percentage gainers premarket .PRPG.NQ: ** Peabody Energy Corp , up 27.9% ** Myovant Sciences , up 23.4% ** Live Oak Acquisition Corp , up 19.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Orion Engineered Carbons SA , down 13.7% ** Fubotv Inc , down 9.6% ** Phoenix Tree Holdings Ltd , down 9.1% The top three Nasdaq percentage gainers premarket .PRPG.O: ** DarioHealth Equity Warrants , up 116.7% ** GreenPro Capital Corp , up 113.3% ** Bionano Genomics Equity Warrants , up 64.2% The top three Nasdaq percentage losers premarket .PRPL.O: ** Aprea Therapeutics Inc , down 73.2% ** ToughBuilt Industries Equity Warrants , down 38.7% ** Addex Therapeutics Ltd , down 31.9% ** Aurora Mobile JG.O: up 6.1% premarket BUZZ-Rises on tie-up with e-commerce platform ** Nano Dimension NNDM.O: down 9.4% premarket BUZZ-Drops on discounted share offering ** Myovant Sciences MYOV.N: up 23.4% premarket BUZZ-Jumps on collaboration with Pfizer for cancer treatment ** UTStarcom Holdings UTSI.O: up 3.8% premarket BUZZ-Jumps on meeting milestone in network agreement ** IMV IMV.O: up 7.5% premarket BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine ** Soligenix SNGX.O: up 1.5% premarket BUZZ-Up on NIH grant to advance COVID-19 vaccine development ** American Airlines AAL.O: up 2.5% premarket ** United Airlines UAL.O: up 1.8% premarket ** Delta Air Lines DAL.N: up 1.8% premarket ** Southwest Airlines LUV.N: up 1.3% premarket BUZZ-U.S. airlines rise as Trump signs $2.3 trln pandemic aid, spending package ** Ashford AHT.N: up 13.1% premarket BUZZ-Jumps on $350 mln financing assurance ** Sundial Growers SNDL.O: up 4.1% premarket BUZZ-Rises after concentrates deal with Simply Solventless ** Aprea Therapeutics APRE.O: down 73.2% premarket BUZZ-Slumps after blood cancer treatment fails late-stage trial ** Advanced Micro Devices Inc AMD.O: up 0.9% premarket ** Allegro MicroSystems Inc ALGM.O: up 3.7% premarket ** Broadcom Inc AVGO.O: up 1.1% premarket BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open near record levels on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks. Nasdaq 100 e-minis NQc1 were up 0.92% at 12,820.75.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Peabody Energy Corp , up 27.9% ** Myovant Sciences , up 23.4% ** Live Oak Acquisition Corp , up 19.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Orion Engineered Carbons SA , down 13.7% ** Fubotv Inc , down 9.6% ** Phoenix Tree Holdings Ltd , down 9.1% The top three Nasdaq percentage gainers premarket .PRPG.O: ** DarioHealth Equity Warrants , up 116.7% ** GreenPro Capital Corp , up 113.3% ** Bionano Genomics Equity Warrants , up 64.2% The top three Nasdaq percentage losers premarket .PRPL.O: ** Aprea Therapeutics Inc , down 73.2% ** ToughBuilt Industries Equity Warrants , down 38.7% ** Addex Therapeutics Ltd , down 31.9% ** Aurora Mobile JG.O: up 6.1% premarket BUZZ-Rises on tie-up with e-commerce platform ** Nano Dimension NNDM.O: down 9.4% premarket BUZZ-Drops on discounted share offering ** Myovant Sciences MYOV.N: up 23.4% premarket BUZZ-Jumps on collaboration with Pfizer for cancer treatment ** UTStarcom Holdings UTSI.O: up 3.8% premarket BUZZ-Jumps on meeting milestone in network agreement ** IMV IMV.O: up 7.5% premarket BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine ** Soligenix SNGX.O: up 1.5% premarket BUZZ-Up on NIH grant to advance COVID-19 vaccine development ** American Airlines AAL.O: up 2.5% premarket ** United Airlines UAL.O: up 1.8% premarket ** Delta Air Lines DAL.N: up 1.8% premarket ** Southwest Airlines LUV.N: up 1.3% premarket BUZZ-U.S. airlines rise as Trump signs $2.3 trln pandemic aid, spending package ** Ashford AHT.N: up 13.1% premarket BUZZ-Jumps on $350 mln financing assurance ** Sundial Growers SNDL.O: up 4.1% premarket BUZZ-Rises after concentrates deal with Simply Solventless ** Aprea Therapeutics APRE.O: down 73.2% premarket BUZZ-Slumps after blood cancer treatment fails late-stage trial ** Advanced Micro Devices Inc AMD.O: up 0.9% premarket ** Allegro MicroSystems Inc ALGM.O: up 3.7% premarket ** Broadcom Inc AVGO.O: up 1.1% premarket BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open near record levels on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks. Nasdaq 100 e-minis NQc1 were up 0.92% at 12,820.75.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Peabody Energy Corp , up 27.9% ** Myovant Sciences , up 23.4% ** Live Oak Acquisition Corp , up 19.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Orion Engineered Carbons SA , down 13.7% ** Fubotv Inc , down 9.6% ** Phoenix Tree Holdings Ltd , down 9.1% The top three Nasdaq percentage gainers premarket .PRPG.O: ** DarioHealth Equity Warrants , up 116.7% ** GreenPro Capital Corp , up 113.3% ** Bionano Genomics Equity Warrants , up 64.2% The top three Nasdaq percentage losers premarket .PRPL.O: ** Aprea Therapeutics Inc , down 73.2% ** ToughBuilt Industries Equity Warrants , down 38.7% ** Addex Therapeutics Ltd , down 31.9% ** Aurora Mobile JG.O: up 6.1% premarket BUZZ-Rises on tie-up with e-commerce platform ** Nano Dimension NNDM.O: down 9.4% premarket BUZZ-Drops on discounted share offering ** Myovant Sciences MYOV.N: up 23.4% premarket BUZZ-Jumps on collaboration with Pfizer for cancer treatment ** UTStarcom Holdings UTSI.O: up 3.8% premarket BUZZ-Jumps on meeting milestone in network agreement ** IMV IMV.O: up 7.5% premarket BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine ** Soligenix SNGX.O: up 1.5% premarket BUZZ-Up on NIH grant to advance COVID-19 vaccine development ** American Airlines AAL.O: up 2.5% premarket ** United Airlines UAL.O: up 1.8% premarket ** Delta Air Lines DAL.N: up 1.8% premarket ** Southwest Airlines LUV.N: up 1.3% premarket BUZZ-U.S. airlines rise as Trump signs $2.3 trln pandemic aid, spending package ** Ashford AHT.N: up 13.1% premarket BUZZ-Jumps on $350 mln financing assurance ** Sundial Growers SNDL.O: up 4.1% premarket BUZZ-Rises after concentrates deal with Simply Solventless ** Aprea Therapeutics APRE.O: down 73.2% premarket BUZZ-Slumps after blood cancer treatment fails late-stage trial ** Advanced Micro Devices Inc AMD.O: up 0.9% premarket ** Allegro MicroSystems Inc ALGM.O: up 3.7% premarket ** Broadcom Inc AVGO.O: up 1.1% premarket BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ET, Dow e-minis 1YMc1 were up 0.54% at 30,271. S&P 500 e-minis ESc1 were up 0.76% at 3,723.25.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Peabody Energy Corp , up 27.9% ** Myovant Sciences , up 23.4% ** Live Oak Acquisition Corp , up 19.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Orion Engineered Carbons SA , down 13.7% ** Fubotv Inc , down 9.6% ** Phoenix Tree Holdings Ltd , down 9.1% The top three Nasdaq percentage gainers premarket .PRPG.O: ** DarioHealth Equity Warrants , up 116.7% ** GreenPro Capital Corp , up 113.3% ** Bionano Genomics Equity Warrants , up 64.2% The top three Nasdaq percentage losers premarket .PRPL.O: ** Aprea Therapeutics Inc , down 73.2% ** ToughBuilt Industries Equity Warrants , down 38.7% ** Addex Therapeutics Ltd , down 31.9% ** Aurora Mobile JG.O: up 6.1% premarket BUZZ-Rises on tie-up with e-commerce platform ** Nano Dimension NNDM.O: down 9.4% premarket BUZZ-Drops on discounted share offering ** Myovant Sciences MYOV.N: up 23.4% premarket BUZZ-Jumps on collaboration with Pfizer for cancer treatment ** UTStarcom Holdings UTSI.O: up 3.8% premarket BUZZ-Jumps on meeting milestone in network agreement ** IMV IMV.O: up 7.5% premarket BUZZ-Rises on positive pre-clinical study update for COVID-19 vaccine ** Soligenix SNGX.O: up 1.5% premarket BUZZ-Up on NIH grant to advance COVID-19 vaccine development ** American Airlines AAL.O: up 2.5% premarket ** United Airlines UAL.O: up 1.8% premarket ** Delta Air Lines DAL.N: up 1.8% premarket ** Southwest Airlines LUV.N: up 1.3% premarket BUZZ-U.S. airlines rise as Trump signs $2.3 trln pandemic aid, spending package ** Ashford AHT.N: up 13.1% premarket BUZZ-Jumps on $350 mln financing assurance ** Sundial Growers SNDL.O: up 4.1% premarket BUZZ-Rises after concentrates deal with Simply Solventless ** Aprea Therapeutics APRE.O: down 73.2% premarket BUZZ-Slumps after blood cancer treatment fails late-stage trial ** Advanced Micro Devices Inc AMD.O: up 0.9% premarket ** Allegro MicroSystems Inc ALGM.O: up 3.7% premarket ** Broadcom Inc AVGO.O: up 1.1% premarket BUZZ-U.S. Semiconductors: Mizuho raises PTs on strong growth prospects (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open near record levels on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks. ET, Dow e-minis 1YMc1 were up 0.54% at 30,271.
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4843.0
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2020-12-28 00:00:00 UTC
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POLL-U.S. fliers less familiar with Boeing 737 MAX crashes two years on, but wary when reminded
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AAL
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https://www.nasdaq.com/articles/poll-u.s.-fliers-less-familiar-with-boeing-737-max-crashes-two-years-on-but-wary-when
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nan
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nan
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By Chris Kahn and Tracy Rucinski
NEW YORK/CHICAGO, Dec 28 (Reuters) - With the passage of time, Americans are less familiar with two fatal Boeing 737 MAX crashes, but if they are made aware of those disasters, more than half say they would probably avoid the aircraft, according to a Reuters/Ipsos opinion poll.
The poll results, released on Dec. 28, a day before the 737 MAX resumes commercial flights in the United States, found that 39% of adults were familiar with the Lion Air and Ethiopian Airlines crashes in October 2018 and March 2019 versus about half in a previous poll.
Of those respondents, 73% correctly identified Boeing BA.N as the maker of the aircraft involved in the crashes, down from 82% who said the same in the poll that ran in May 2019.
However, when respondents were told about the aircraft's safety issues 57% said they were not likely to fly in a Boeing 737 MAX, while 37% say they would be likely to fly in it once it has been in the air for six months or more.
"We continue to work closely with global regulators and our customers to support the safe return of the fleet to service around the world," a Boeing spokesman said in response to the poll.
The U.S. Federal Aviation Administration lifted a 20-month safety ban on Nov. 18 after approving design changes by Boeing to address systems that played a role in both crashes, which killed a total of 346 people. All airlines must complete the mandated safety changes and new pilot training before taking passengers.
American Airlines AAL.O is set to relaunch passenger flights on Tuesday between Miami and New York and plans to gradually reintroduce its 737 MAX fleet.
The airline said it would re-book customers who do not feel comfortable about the aircraft.
"No one has to go on the MAX if they don't want to, but if you want to, it's there," American's Chief Operating Officer David Seymour said at a 737 MAX media event on Dec. 2.
PANDEMIC TRAVEL
Boeing's 737 MAX is making its comeback at a time when the coronavirus pandemic has thrust the industry into its worst crisis, with airlines parking hundreds of jets as demand hovers around 30% of levels in 2019.
When the 737 MAX was grounded, U.S. airlines had to cancel flights because they lacked the aircraft to meet demand, adding to Boeing's financial liability.
Now airlines are deferring jet deliveries and do not expect a robust rebound until COVID-19 vaccines are widely available.
The poll suggests that airline travel will recover pre-pandemic rates once the health crisis subsides and that travelers still consider ticket prices the most important factor when choosing a flight, followed by airlines' measures to protect them from the spread of the coronavirus.
When buying a plane ticket, 41% said ticket price was most important and 24% said COVID-19 safety measures such as whether airlines are blocking middle seats.
Only 3% said the aircraft model was most important.
When asked how they planned to travel "when the coronavirus pandemic ends," 10% said they would travel for personal reasons at least once a month by plane and 34% said they would travel at least once a year, similar to their reported travel habits before the pandemic.
The poll showed similar trends for work travel, a driver of airline revenues - 7% said they would fly at least once a month, while 17% said they expected to travel at least a few times per year.
The poll has a credibility interval, a measure of precision, of 3 percentage points.
Of the other U.S. carriers that owned the 737 MAX before its grounding, United Airlines UAL.O plans to fly the jet again in February and Southwest Airlines LUV.N - the world's largest 737 MAX operator - in the second quarter of 2021.
Gol Linhas Aereas Inteligentes GOLL4.SA, Brazil's largest airline, became the first carrier to restart 737 MAX flights this month, followed by Grupo Aeromexico AEROMEX.MX.
(Reporting by Tracy Rucinski and Chris Kahn; editing by Grant McCool)
((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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American Airlines AAL.O is set to relaunch passenger flights on Tuesday between Miami and New York and plans to gradually reintroduce its 737 MAX fleet. By Chris Kahn and Tracy Rucinski NEW YORK/CHICAGO, Dec 28 (Reuters) - With the passage of time, Americans are less familiar with two fatal Boeing 737 MAX crashes, but if they are made aware of those disasters, more than half say they would probably avoid the aircraft, according to a Reuters/Ipsos opinion poll. The U.S. Federal Aviation Administration lifted a 20-month safety ban on Nov. 18 after approving design changes by Boeing to address systems that played a role in both crashes, which killed a total of 346 people.
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American Airlines AAL.O is set to relaunch passenger flights on Tuesday between Miami and New York and plans to gradually reintroduce its 737 MAX fleet. When buying a plane ticket, 41% said ticket price was most important and 24% said COVID-19 safety measures such as whether airlines are blocking middle seats. Of the other U.S. carriers that owned the 737 MAX before its grounding, United Airlines UAL.O plans to fly the jet again in February and Southwest Airlines LUV.N - the world's largest 737 MAX operator - in the second quarter of 2021.
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American Airlines AAL.O is set to relaunch passenger flights on Tuesday between Miami and New York and plans to gradually reintroduce its 737 MAX fleet. The poll results, released on Dec. 28, a day before the 737 MAX resumes commercial flights in the United States, found that 39% of adults were familiar with the Lion Air and Ethiopian Airlines crashes in October 2018 and March 2019 versus about half in a previous poll. The poll suggests that airline travel will recover pre-pandemic rates once the health crisis subsides and that travelers still consider ticket prices the most important factor when choosing a flight, followed by airlines' measures to protect them from the spread of the coronavirus.
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American Airlines AAL.O is set to relaunch passenger flights on Tuesday between Miami and New York and plans to gradually reintroduce its 737 MAX fleet. By Chris Kahn and Tracy Rucinski NEW YORK/CHICAGO, Dec 28 (Reuters) - With the passage of time, Americans are less familiar with two fatal Boeing 737 MAX crashes, but if they are made aware of those disasters, more than half say they would probably avoid the aircraft, according to a Reuters/Ipsos opinion poll. When asked how they planned to travel "when the coronavirus pandemic ends," 10% said they would travel for personal reasons at least once a month by plane and 34% said they would travel at least once a year, similar to their reported travel habits before the pandemic.
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4844.0
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2020-12-28 00:00:00 UTC
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US STOCKS-S&P, Nasdaq futures at record levels as Trump signs stimulus aid bill
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-nasdaq-futures-at-record-levels-as-trump-signs-stimulus-aid-bill-2020-12-28
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By Devik Jain and Supriya R
Dec 28 (Reuters) - Futures tracking the S&P 500 and the Nasdaq were at record levels on Monday as President Donald Trump's move to sign into law a long-awaited $2.3 trillion pandemic aid bill bolstered bets on a vaccine-led economic recovery.
In a sudden reversal late on Sunday, Trump backed down from his earlier threat to block the bill, restoring unemployment benefits to millions of Americans and averted a federal government shutdown.
Airline shares were among the top gainers as the payroll aid is expected to provide some relief to the battered sector. United Airlines UAL.O and American airlines AAL.O surged more than 3% each in premarket trading, while Delta Air lines DAL.N rose 1.06% and Southwest Airlines LUV.N added 1.88%.
Bank stocks were up about 1%, with Wells Fargo WFC.N and Goldman Sachs GS.N leading gains.
Democrats in the U.S. Congress on Monday will put to vote a proposal for higher pandemic relief payments for Americans, although it appears unlikely to gain traction in the Republican-controlled Senate.
Fueling the global appetite for risk, Britain and European Union clinched a lean post-Brexit trade deal on Thursday, while the launch of a mass COVID-19 vaccination drive in Europe over the weekend added to the upbeat mood.
Bets on a vaccine-led economic recovery and scores of fiscal and monetary stimulus have set the S&P 500 on course to rise about 15% this year with technology mega-caps such as Apple Inc AAPL.O and Amazon.com Inc AMZN.O accounting for the bulk of those gains.
Tech stocks lost some fizz in recent weeks as less-loved parts of the market such as energy, financials and small caps took center stage on hopes of an economic rebound. Investors are also weighing their bets on U.S. technology stocks in the coming year against the backdrop of pricey valuations and regulatory risks.
At 06:44 a.m. EST, S&P 500 E-minis EScv1 were up 26.75 points or 0.72%, Dow E-minis 1YMcv1 were up 174 points or 0.58% and Nasdaq 100 E-minis NQcv1 were up 85.75 points or 0.68%.
Oil stocks, including those of Exxon Mobil Corp XOM.N, Chevron Corp CVX.N and Occidental Petroleum Corp OXY.N, gained between 1.7% and 2.6%, tracking higher crude prices. O/R
U.S.-listed shares of Alibaba Group BABA.K fell 1.2%, extending Thursday's loss of 13.34% after China launched an anti-trust probe into the company.
(Reporting by Devik Jain and Supriya R in Bengaluru; Editing by Anil D'Silva)
((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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United Airlines UAL.O and American airlines AAL.O surged more than 3% each in premarket trading, while Delta Air lines DAL.N rose 1.06% and Southwest Airlines LUV.N added 1.88%. By Devik Jain and Supriya R Dec 28 (Reuters) - Futures tracking the S&P 500 and the Nasdaq were at record levels on Monday as President Donald Trump's move to sign into law a long-awaited $2.3 trillion pandemic aid bill bolstered bets on a vaccine-led economic recovery. In a sudden reversal late on Sunday, Trump backed down from his earlier threat to block the bill, restoring unemployment benefits to millions of Americans and averted a federal government shutdown.
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United Airlines UAL.O and American airlines AAL.O surged more than 3% each in premarket trading, while Delta Air lines DAL.N rose 1.06% and Southwest Airlines LUV.N added 1.88%. By Devik Jain and Supriya R Dec 28 (Reuters) - Futures tracking the S&P 500 and the Nasdaq were at record levels on Monday as President Donald Trump's move to sign into law a long-awaited $2.3 trillion pandemic aid bill bolstered bets on a vaccine-led economic recovery. At 06:44 a.m. EST, S&P 500 E-minis EScv1 were up 26.75 points or 0.72%, Dow E-minis 1YMcv1 were up 174 points or 0.58% and Nasdaq 100 E-minis NQcv1 were up 85.75 points or 0.68%.
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United Airlines UAL.O and American airlines AAL.O surged more than 3% each in premarket trading, while Delta Air lines DAL.N rose 1.06% and Southwest Airlines LUV.N added 1.88%. By Devik Jain and Supriya R Dec 28 (Reuters) - Futures tracking the S&P 500 and the Nasdaq were at record levels on Monday as President Donald Trump's move to sign into law a long-awaited $2.3 trillion pandemic aid bill bolstered bets on a vaccine-led economic recovery. Oil stocks, including those of Exxon Mobil Corp XOM.N, Chevron Corp CVX.N and Occidental Petroleum Corp OXY.N, gained between 1.7% and 2.6%, tracking higher crude prices.
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United Airlines UAL.O and American airlines AAL.O surged more than 3% each in premarket trading, while Delta Air lines DAL.N rose 1.06% and Southwest Airlines LUV.N added 1.88%. By Devik Jain and Supriya R Dec 28 (Reuters) - Futures tracking the S&P 500 and the Nasdaq were at record levels on Monday as President Donald Trump's move to sign into law a long-awaited $2.3 trillion pandemic aid bill bolstered bets on a vaccine-led economic recovery. In a sudden reversal late on Sunday, Trump backed down from his earlier threat to block the bill, restoring unemployment benefits to millions of Americans and averted a federal government shutdown.
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4845.0
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2020-12-28 00:00:00 UTC
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Can Airline Stocks Bounce Back in 2021?
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AAL
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https://www.nasdaq.com/articles/can-airline-stocks-bounce-back-in-2021-2020-12-28
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It was a turbulent year for airline stocks. The COVID-19 pandemic caused travel demand to plummet and left airlines scrambling to raise cash to survive.
The year is ending with a glimmer of hope. No U.S. publicly traded airline fell into bankruptcy as a result of the pandemic, and with vaccines now slowly beginning to roll out, there is reason to be optimistic we'll see better days ahead.
Is it time for investors to climb on board? Here's a look at what to expect from airline stocks in 2021.
Airline data by YCharts.
There's no quick fix
The various vaccines being approved are an important development because it is impossible to make a bull case for airlines without the pandemic ending and the economy getting back to some semblance of normalcy. But there will be no quick recovery for the industry.
For now, passengers continue to stay away. Industry revenue is projected to fall more than 65% year over year, and the airlines are missing out on a lot of revenue during the usually high-margin holiday travel season. The American Automobile Association expects a 29% drop in total travel traffic between Dec. 23 and Jan. 3, with a 60% decline in air travel. That would be consistent with the Thanksgiving period, where air travel demand fell far more than road travel.
Image source: Getty Images.
Business and international travel, which have historically been more lucrative for airlines, could take until 2024 or later to fully recover. And even as passenger traffic and revenue return, the airlines will have to focus on repairing balance sheets that have been bruised during the crisis.
The industry raised more than $50 billion in equity and debt financing in 2020 to survive the pandemic, and many of the top names issued warrants to the U.S. Treasury in return for funding, and are limited in terms of cash deployment options until the debts are paid back.
Every little bit will help
But even if we don't have a full recovery until 2024, airlines will likely see an uptick in demand as the vaccine becomes more widespread. The bull case for the sector in 2021 would be for the vaccine to be available to the general public by spring, leading to loosening restrictions and a return to normalcy.
There's a lot of pent-up demand for leisure travel, and if vaccinations proceed as planned, I expect passenger volumes to skyrocket next summer. The U.S. Travel Association expects total travel spend by U.S. residents to climb 20% in 2021 to $698 billion. Obviously, not all that spending will be on airfares, but that level of growth would funnel billions in extra revenue to the airline industry.
Investors looking to gauge the speed of a recovery should monitor two periods early in the year:
Late January is typically the time families and students begin to book spring break trips. A lot will likely hinge on how much is open to tourists by then, and how quickly the vaccine is being distributed.
Late April is when airlines typically get a feel for summer vacation demand.
The airlines in 2020 have been very forthcoming via regulatory filings about fluctuations in demand, both positive and negative. Hopefully, that will continue through a recovery. In the meantime, investors can monitor Transportation Security Administration stats on passenger volumes, and expect summer forecasts to be a major focal point in April during airline first-quarter earnings calls.
Image source: Getty Images.
It's time to get choosy
For much of 2020, the airlines traded as a group, caught up in macro headwinds like the pandemic and the resulting economic slowdown that made it difficult for any individual company to outperform. As vaccines become more widespread, it's time to pick winners and losers.
Southwest Airlines (NYSE: LUV) has the industry's best balance sheet and a nearly 50-year history of capitalizing when other airlines are in trouble. The airline is already going on the offensive and is a safe bet to ride out the storm and come out ahead.
Spirit Airlines (NYSE: SAVE), though much smaller than Southwest, has an industry-low cost structure and a business built around the leisure travelers who are expected to return first. I expect Spirit to recover faster than many of its larger rivals, and if so, its stock should be a winner in 2021. Delta Air Lines (NYSE: DAL) is trying to differentiate itself by capping passenger counts well into 2021, costing itself near-term revenue in hopes of building a long-term relationship with customers.
On the other side of the spectrum, I'd advise caution with American Airlines Group (NASDAQ: AAL) due to its industry-high debt load, and United Airlines Holdings (NASDAQ: UAL) because its network is optimized for business travel and will need time to adjust to the current environment.
Hawaiian Holdings (NASDAQ: HA) is a well-run company, but it has a niche network that will likely experience a significant increase in competition since Hawaii is one of the few highest-margin domestic tourism destinations. In normal times, Hawaiian is able to counter increased competition via international flights, but that is unlikely to be a viable strategy in 2021.
The airlines have made it through the worst of the crisis, but still face a difficult climb in 2021. It's safe for a patient investor to buy in, but be choosy about what you buy.
10 stocks we like better than Southwest Airlines
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Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of Spirit Airlines. The Motley Fool recommends Alaska Air Group, Delta Air Lines, Hawaiian Holdings, 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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On the other side of the spectrum, I'd advise caution with American Airlines Group (NASDAQ: AAL) due to its industry-high debt load, and United Airlines Holdings (NASDAQ: UAL) because its network is optimized for business travel and will need time to adjust to the current environment. Investors looking to gauge the speed of a recovery should monitor two periods early in the year: Late January is typically the time families and students begin to book spring break trips. In the meantime, investors can monitor Transportation Security Administration stats on passenger volumes, and expect summer forecasts to be a major focal point in April during airline first-quarter earnings calls.
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On the other side of the spectrum, I'd advise caution with American Airlines Group (NASDAQ: AAL) due to its industry-high debt load, and United Airlines Holdings (NASDAQ: UAL) because its network is optimized for business travel and will need time to adjust to the current environment. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of Spirit Airlines.
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On the other side of the spectrum, I'd advise caution with American Airlines Group (NASDAQ: AAL) due to its industry-high debt load, and United Airlines Holdings (NASDAQ: UAL) because its network is optimized for business travel and will need time to adjust to the current environment. Southwest Airlines (NYSE: LUV) has the industry's best balance sheet and a nearly 50-year history of capitalizing when other airlines are in trouble. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.
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On the other side of the spectrum, I'd advise caution with American Airlines Group (NASDAQ: AAL) due to its industry-high debt load, and United Airlines Holdings (NASDAQ: UAL) because its network is optimized for business travel and will need time to adjust to the current environment. Here's a look at what to expect from airline stocks in 2021. But there will be no quick recovery for the industry.
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4846.0
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2020-12-28 00:00:00 UTC
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S&P 500 Movers: ETSY, AAL
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AAL
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https://www.nasdaq.com/articles/sp-500-movers%3A-etsy-aal-2020-12-28
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nan
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In early trading on Monday, shares of American Airlines Group topped the list of the day's best performing components of the S&P 500 index, trading up 4.1%. Year to date, American Airlines Group has lost about 43.1% of its value.
And the worst performing S&P 500 component thus far on the day is Etsy, trading down 4.7%. Etsy is showing a gain of 309.5% looking at the year to date performance.
Two other components making moves today are Cabot Oil & Gas, trading down 3.0%, and DXC Technology, trading up 3.7% on the day.
VIDEO: S&P 500 Movers: ETSY, AAL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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VIDEO: S&P 500 Movers: ETSY, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Year to date, American Airlines Group has lost about 43.1% of its value. And the worst performing S&P 500 component thus far on the day is Etsy, trading down 4.7%.
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VIDEO: S&P 500 Movers: ETSY, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Monday, shares of American Airlines Group topped the list of the day's best performing components of the S&P 500 index, trading up 4.1%. Year to date, American Airlines Group has lost about 43.1% of its value.
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VIDEO: S&P 500 Movers: ETSY, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Monday, shares of American Airlines Group topped the list of the day's best performing components of the S&P 500 index, trading up 4.1%. And the worst performing S&P 500 component thus far on the day is Etsy, trading down 4.7%.
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VIDEO: S&P 500 Movers: ETSY, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Year to date, American Airlines Group has lost about 43.1% of its value. And the worst performing S&P 500 component thus far on the day is Etsy, trading down 4.7%.
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4847.0
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2020-12-24 00:00:00 UTC
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US STOCKS-Wall Street closes with a modest gains on Brexit deal, stimulus hopes
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https://www.nasdaq.com/articles/us-stocks-wall-street-closes-with-a-modest-gains-on-brexit-deal-stimulus-hopes-2020-12-24
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By Stephen Culp
NEW YORK, Dec 24 (Reuters) - The S&P 500 ended higher at the close of a shortened session on Thursday as investors headed into the long Christmas weekend with hopes that an imminent stimulus agreement, a Brexit deal, and the ongoing vaccine rollout will spell brighter days in the coming year.
All three major U.S. stock indexes ended in positive territory.
For the holiday-shortened week, the S&P 500 edged lower, the Dow eked out a nominal gain and the Nasdaq advanced.
While stocks tend to perform well in the closing days of December, a phenomenon known as the Santa Claus rally, the resurgent pandemic and upcoming Senate runoffs in Georgia have clouded the outlook this year.
The U.S. House of Representatives blocked President Donald Trump's attempt to change a $2.3 trillion coronavirus relief and government spending package after Trump insisted on $2,000 direct payments to Americans.
The move cast doubt as to whether the package passed by Congress on Monday would be signed into law and raised the threat of a partial government shutdown.
"If (stimulus) doesn't get passed in some form or another it could mean severe consequences for the unemployed," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Britain reached a trade deal with the European Union after months of negotiations, just days before leaving one of the world's largest trading blocs.
"(The Brexit deal) might be acting as a buffer for the market in the sense that it's counteracting the negativity of the stimulus bill being stalled," Cardillo added.
More than one million Americans have now been vaccinated against COVID-19 even as the pandemic continues to rage in the United States and political leaders moved to guard against a more contagious variant of the disease sweeping across Britain.
The Dow Jones Industrial Average .DJI rose 70.04 points, or 0.23%, to 30,199.87, the S&P 500 .SPX gained 13.05 points, or 0.35%, to 3,703.06 and the Nasdaq Composite .IXIC added 33.62 points, or 0.26%, to 12,804.73.
Ten Of the 11 major sectors of the S&P 500 posted gains, led by real estate .SPLRCR. Energy .SPNY was the lone loser.
Shares of Alibaba Group BABA.N dropped 13.3% on news that China had launched an investigation into the company as part of its antitrust crackdown.
American Airlines Group Inc AAL.O said it was moving forward with plans to recall furloughed workers, even as forthcoming payroll protections, part of the stimulus package, was called into doubt. Its shares dipped 1.4%
Moderna Inc MRNA.O said that it expects its coronavirus vaccine to be effective against a new variant of the disease discovered in Britain. Even so, its shares closed down 5.3%.
Altimmune Inc ALT.O slipped 9.3% after the U.S. Food and Drug Administration issued a clinical hold on the company's application to begin human testing of its single-dose COVID-19 vaccine, AdCOVID.
Advancing issues outnumbered declining ones on the NYSE by a 1.53-to-1 ratio; on Nasdaq, a 1.08-to-1 ratio favored decliners.
The S&P 500 posted 7 new 52-week highs and no new lows; the Nasdaq Composite recorded 138 new highs and 5 new lows.
Volume on U.S. exchanges was 6.14 billion shares, compared with the 11.30 billion average over the last 20 trading days.
(Reporting by Stephen Culp; Editing by Aurora Ellis)
((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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American Airlines Group Inc AAL.O said it was moving forward with plans to recall furloughed workers, even as forthcoming payroll protections, part of the stimulus package, was called into doubt. By Stephen Culp NEW YORK, Dec 24 (Reuters) - The S&P 500 ended higher at the close of a shortened session on Thursday as investors headed into the long Christmas weekend with hopes that an imminent stimulus agreement, a Brexit deal, and the ongoing vaccine rollout will spell brighter days in the coming year. While stocks tend to perform well in the closing days of December, a phenomenon known as the Santa Claus rally, the resurgent pandemic and upcoming Senate runoffs in Georgia have clouded the outlook this year.
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American Airlines Group Inc AAL.O said it was moving forward with plans to recall furloughed workers, even as forthcoming payroll protections, part of the stimulus package, was called into doubt. The Dow Jones Industrial Average .DJI rose 70.04 points, or 0.23%, to 30,199.87, the S&P 500 .SPX gained 13.05 points, or 0.35%, to 3,703.06 and the Nasdaq Composite .IXIC added 33.62 points, or 0.26%, to 12,804.73. The S&P 500 posted 7 new 52-week highs and no new lows; the Nasdaq Composite recorded 138 new highs and 5 new lows.
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American Airlines Group Inc AAL.O said it was moving forward with plans to recall furloughed workers, even as forthcoming payroll protections, part of the stimulus package, was called into doubt. By Stephen Culp NEW YORK, Dec 24 (Reuters) - The S&P 500 ended higher at the close of a shortened session on Thursday as investors headed into the long Christmas weekend with hopes that an imminent stimulus agreement, a Brexit deal, and the ongoing vaccine rollout will spell brighter days in the coming year. The Dow Jones Industrial Average .DJI rose 70.04 points, or 0.23%, to 30,199.87, the S&P 500 .SPX gained 13.05 points, or 0.35%, to 3,703.06 and the Nasdaq Composite .IXIC added 33.62 points, or 0.26%, to 12,804.73.
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American Airlines Group Inc AAL.O said it was moving forward with plans to recall furloughed workers, even as forthcoming payroll protections, part of the stimulus package, was called into doubt. All three major U.S. stock indexes ended in positive territory. Even so, its shares closed down 5.3%.
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4848.0
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2020-12-24 00:00:00 UTC
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US STOCKS-The S&P 500 closes with a modest gain on Brexit deal, stimulus hopes
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https://www.nasdaq.com/articles/us-stocks-the-sp-500-closes-with-a-modest-gain-on-brexit-deal-stimulus-hopes-2020-12-24
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By Stephen Culp
NEW YORK, Dec 24 (Reuters) - The S&P 500 ended higher at the close of a shortened session on Thursday as investors headed into the long Christmas weekend with hopes that an imminent stimulus agreement, a Brexit deal, and the ongoing vaccine rollout will spell brighter days in the coming year.
All three major U.S. stock indexes ended in positive territory.
While stocks tend to perform well in the closing days of December, a phenomenon known as the Santa Claus rally, the resurgent pandemic and upcoming Senate runoffs in Georgia have clouded the outlook this year.
The U.S. House of Representatives blocked President Donald Trump's attempt to change a $2.3 trillion coronavirus relief and government spending package after Trump insisted on $2,000 direct payments to Americans.
The move cast doubt as to whether the package passed by Congress on Monday would be signed into law and raised the threat of a partial government shutdown.
"If (stimulus) doesn't get passed in some form or another it could mean severe consequences for the unemployed," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Britain reached a trade deal with the European Union after months of negotiations, just days before leaving one of the world's largest trading blocs.
"(The Brexit deal) might be acting as a buffer for the market in the sense that it's counteracting the negativity of the stimulus bill being stalled," Cardillo added.
More than one million Americans have now been vaccinated against COVID-19 even as the pandemic continues to rage in the United States and political leaders moved to guard against a more contagious variant of the disease sweeping across Britain.
Unofficially, the Dow Jones Industrial Average .DJI rose 71.42 points, or 0.24%, to 30,201.25, the S&P 500 .SPX gained 13.25 points, or 0.36%, to 3,703.26 and the Nasdaq Composite .IXIC added 33.62 points, or 0.26%, to 12,804.73.
Shares of Alibaba Group BABA.N dropped on news that China had launched an investigation into the company as part of its antitrust crackdown.
American Airlines Group Inc AAL.O said it was moving forward with plans to recall furloughed workers, even as forthcoming payroll protections, part of the stimulus package, was called into doubt. Its shares closed lower.
Moderna Inc MRNA.O said that it expects its coronavirus vaccine to be effective against a new variant of the disease discovered in Britain. Even so, its shares have dipped.
Altimmune Inc ALT.O slipped after the U.S. Food and Drug Administration issued a clinical hold on the company's application to begin human testing of its single-dose COVID-19 vaccine, AdCOVID.
(Reporting by Stephen Culp; Editing by Aurora Ellis)
((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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American Airlines Group Inc AAL.O said it was moving forward with plans to recall furloughed workers, even as forthcoming payroll protections, part of the stimulus package, was called into doubt. By Stephen Culp NEW YORK, Dec 24 (Reuters) - The S&P 500 ended higher at the close of a shortened session on Thursday as investors headed into the long Christmas weekend with hopes that an imminent stimulus agreement, a Brexit deal, and the ongoing vaccine rollout will spell brighter days in the coming year. While stocks tend to perform well in the closing days of December, a phenomenon known as the Santa Claus rally, the resurgent pandemic and upcoming Senate runoffs in Georgia have clouded the outlook this year.
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American Airlines Group Inc AAL.O said it was moving forward with plans to recall furloughed workers, even as forthcoming payroll protections, part of the stimulus package, was called into doubt. By Stephen Culp NEW YORK, Dec 24 (Reuters) - The S&P 500 ended higher at the close of a shortened session on Thursday as investors headed into the long Christmas weekend with hopes that an imminent stimulus agreement, a Brexit deal, and the ongoing vaccine rollout will spell brighter days in the coming year. While stocks tend to perform well in the closing days of December, a phenomenon known as the Santa Claus rally, the resurgent pandemic and upcoming Senate runoffs in Georgia have clouded the outlook this year.
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American Airlines Group Inc AAL.O said it was moving forward with plans to recall furloughed workers, even as forthcoming payroll protections, part of the stimulus package, was called into doubt. By Stephen Culp NEW YORK, Dec 24 (Reuters) - The S&P 500 ended higher at the close of a shortened session on Thursday as investors headed into the long Christmas weekend with hopes that an imminent stimulus agreement, a Brexit deal, and the ongoing vaccine rollout will spell brighter days in the coming year. More than one million Americans have now been vaccinated against COVID-19 even as the pandemic continues to rage in the United States and political leaders moved to guard against a more contagious variant of the disease sweeping across Britain.
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American Airlines Group Inc AAL.O said it was moving forward with plans to recall furloughed workers, even as forthcoming payroll protections, part of the stimulus package, was called into doubt. By Stephen Culp NEW YORK, Dec 24 (Reuters) - The S&P 500 ended higher at the close of a shortened session on Thursday as investors headed into the long Christmas weekend with hopes that an imminent stimulus agreement, a Brexit deal, and the ongoing vaccine rollout will spell brighter days in the coming year. Shares of Alibaba Group BABA.N dropped on news that China had launched an investigation into the company as part of its antitrust crackdown.
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4849.0
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2020-12-24 00:00:00 UTC
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2 Must-Own Stocks in 2021
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https://www.nasdaq.com/articles/2-must-own-stocks-in-2021-2020-12-24
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With 2020 winding down, it's time to consider how your portfolio should be structured to deal with both the challenges and opportunities of the coming year. And while it's rarely a good idea to make wholesale modifications to your portfolio simply because of a change in the calendar, there are a handful of equities that seem to be poised for an exceptionally strong 2021.
Which stocks are "must-owns" in the new year? The beaten-down air travel company American Airlines Group (NASDAQ: AAL) and the healthcare giant Pfizer (NYSE: PFE) may not leap off the page as screaming buys, but a closer look at their underlying value propositions suggests that these two large-cap stocks could be big winners in 2021 and beyond. Here's why.
Image source: Getty Images.
American Airlines: Buy the fear
American Airlines is a contrarian pick to be sure. The airline industry has been smashed by global travel restrictions stemming from the COVID-19 pandemic. Driving this point home, American's 2020 third-quarter revenue fell by a whopping 73% compared to the same period a year ago. Worse still, the company is currently burning through $25 million to $30 million a day, as demand for air travel remains suppressed due to governmental and corporate restrictions worldwide.
Another point of concern is its sky-high debt load. American took on a boat load of debt leading into the pandemic in order to update its mainline fleet. As a result, American now sports a market cap of approximately $10 billion, but a debt load of over $40 billion. That's not an appealing setup for most value investors, to put it mildly. But there is arguably more than meets the eye with this titan of the skies.
So why buy this struggling, debt-laden airline? The current consensus among industry insiders is that demand for air travel won't return to pre-pandemic levels until 2024. American, in turn, will likely have to ride out the next 36 months before it returns to a cash flow positive operation on a consistent basis. But this massive U.S. carrier does have two strong tailwinds working in its favor over the next 12 months:
Congress and the Biden administration are highly unlikely to let this flagship airline go bankrupt for both both political and economic reasons. The company, in short, will be given the required liquidity, by the federal government if necessary, to weather the storm. In fact, American has already received generous amounts under the CARES act to keep it afloat during the height of the pandemic.
Although a full return to normal may take multiple years, demand for air travel should pick up sharply from current levels by mid to late 2021. By the end of the first-quarter, after all, there could be four to five Western-developed coronavirus vaccines in circulation around the globe. Worldwide travel restrictions, in kind, should start to ease off ahead of the all-important summer season.
Bottom line: American will undoubtedly take several years to fix its balance sheet after the pandemic. But the worst should be over for the carrier by the middle of next year, if not earlier. And Wall Street rarely fails to take notice of a good rebound story in a well known brand such as American. As such, this beaten-down airline stock ought to perform fairly well over the whole of 2021.
Pfizer: A promising growth and dividend play
Pfizer is arguably another oddball pick as a "must-own" stock for 2021. After all, the pharmaceutical giant has lagged well-behind both the broader markets, as well as the biopharmaceutical industry, in terms of its total returns on capital over the past two decades. Its lackluster performance over this period has been due to a unfavorable mix of never-ending patent expires, along with management's snail-like response to the various challenges presented by generic competition.
Pfizer, though, finally appears to be nearing an inflection point. The reason being is that the pharma titan has been busy streamlining its operations over the past two years by repackaging underperforming segments like Consumer Healthcare and off-brand legacy products. These savvy business development moves should thus allow newer growth products -- such as the breast cancer drug Ibrance, the blood thinner Eliquis, and the ATTR-cardiomyopathy medicine Vyndaqel -- to shine more brightly as the new decade unfolds.
Pfizer, in fact, is forecasting a compound annual growth rate for its top-line of 6% over the period covering 2021 to 2025 -- and that's not even including the potential windfall from its groundbreaking COVID-19 vaccine. What's more, Pfizer's stock is currently trading at an attractive 12.5 times forward-looking earnings, and it offers a rather healthy dividend yield for a mega-cap pharma stock.
All told, this big pharma stock seems poised for a banner 2021, thanks to its noteworthy growth prospects, compelling valuation, and outstanding dividend program.
10 stocks we like better than Pfizer
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Pfizer 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 November 20, 2020
George Budwell has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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 beaten-down air travel company American Airlines Group (NASDAQ: AAL) and the healthcare giant Pfizer (NYSE: PFE) may not leap off the page as screaming buys, but a closer look at their underlying value propositions suggests that these two large-cap stocks could be big winners in 2021 and beyond. But this massive U.S. carrier does have two strong tailwinds working in its favor over the next 12 months: Congress and the Biden administration are highly unlikely to let this flagship airline go bankrupt for both both political and economic reasons. These savvy business development moves should thus allow newer growth products -- such as the breast cancer drug Ibrance, the blood thinner Eliquis, and the ATTR-cardiomyopathy medicine Vyndaqel -- to shine more brightly as the new decade unfolds.
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The beaten-down air travel company American Airlines Group (NASDAQ: AAL) and the healthcare giant Pfizer (NYSE: PFE) may not leap off the page as screaming buys, but a closer look at their underlying value propositions suggests that these two large-cap stocks could be big winners in 2021 and beyond. Although a full return to normal may take multiple years, demand for air travel should pick up sharply from current levels by mid to late 2021. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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The beaten-down air travel company American Airlines Group (NASDAQ: AAL) and the healthcare giant Pfizer (NYSE: PFE) may not leap off the page as screaming buys, but a closer look at their underlying value propositions suggests that these two large-cap stocks could be big winners in 2021 and beyond. American Airlines: Buy the fear American Airlines is a contrarian pick to be sure. See the 10 stocks *Stock Advisor returns as of November 20, 2020 George Budwell has no position in any of the stocks mentioned.
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The beaten-down air travel company American Airlines Group (NASDAQ: AAL) and the healthcare giant Pfizer (NYSE: PFE) may not leap off the page as screaming buys, but a closer look at their underlying value propositions suggests that these two large-cap stocks could be big winners in 2021 and beyond. Which stocks are "must-owns" in the new year? Pfizer: A promising growth and dividend play Pfizer is arguably another oddball pick as a "must-own" stock for 2021.
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4850.0
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2020-12-24 00:00:00 UTC
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Pre-Market Most Active for Dec 24, 2020 : BABA, XL, INO, AZN, TCOM, FCEL, AAL, BCS, AAPL, PLTR, QS, BFT
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-24-2020-%3A-baba-xl-ino-azn-tcom-fcel-aal-bcs-aapl-pltr-qs
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The NASDAQ 100 Pre-Market Indicator is up 13.42 to 12,666.56. The total Pre-Market volume is currently 20,611,428 shares traded.
The following are the most active stocks for the pre-market session:
Alibaba Group Holding Limited (BABA) is -25.48 at $230.70, with 3,582,278 shares traded. BABA's current last sale is 67.85% of the target price of $340.
XL Fleet Corp. (XL) is -1.09 at $31.50, with 1,375,261 shares traded., following a 52-week high recorded in prior regular session.
Inovio Pharmaceuticals, Inc. (INO) is +1.5299 at $11.60, with 1,069,605 shares traded. INO's current last sale is 96.67% of the target price of $12.
Astrazeneca PLC (AZN) is +0.2329 at $49.00, with 1,067,312 shares traded. As reported by Zacks, the current mean recommendation for AZN is in the "buy range".
Trip.com Group Limited (TCOM) is unchanged at $32.63, with 852,637 shares traded. As reported by Zacks, the current mean recommendation for TCOM is in the "buy range".
FuelCell Energy, Inc. (FCEL) is -0.14 at $13.28, with 790,460 shares traded., following a 52-week high recorded in prior regular session.
American Airlines Group, Inc. (AAL) is +0.19 at $16.08, with 660,330 shares traded. AAL's current last sale is 156.88% of the target price of $10.25.
Barclays PLC (BCS) is +0.1 at $8.30, with 636,074 shares traded. As reported by Zacks, the current mean recommendation for BCS is in the "buy range".
Apple Inc. (AAPL) is +0.13 at $131.09, with 593,190 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Palantir Technologies Inc. (PLTR) is +0.3801 at $29.07, with 446,233 shares traded. PLTR's current last sale is 200.48% of the target price of $14.5.
QuantumScape Corporation (QS) is +4.75 at $115.54, with 386,839 shares traded. QS's current last sale is 412.64% of the target price of $28.
Foley Trasimene Acquisition Corp. II (BFT) is +0.4498 at $15.08, with 361,696 shares traded.
The views and 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 +0.19 at $16.08, with 660,330 shares traded. AAL's current last sale is 156.88% of the target price of $10.25. Alibaba Group Holding Limited (BABA) is -25.48 at $230.70, with 3,582,278 shares traded.
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American Airlines Group, Inc. (AAL) is +0.19 at $16.08, with 660,330 shares traded. AAL's current last sale is 156.88% of the target price of $10.25. XL Fleet Corp. (XL) is -1.09 at $31.50, with 1,375,261 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.19 at $16.08, with 660,330 shares traded. AAL's current last sale is 156.88% of the target price of $10.25. The total Pre-Market volume is currently 20,611,428 shares traded.
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American Airlines Group, Inc. (AAL) is +0.19 at $16.08, with 660,330 shares traded. AAL's current last sale is 156.88% of the target price of $10.25. The following are the most active stocks for the pre-market session:
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4851.0
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2020-12-24 00:00:00 UTC
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Robinhood's 10 Most Held Stocks See Big Changes
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https://www.nasdaq.com/articles/robinhoods-10-most-held-stocks-see-big-changes-2020-12-24
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It's been an exceptionally volatile year for the stock market, but that hasn't fazed young investors one bit. Robinhood, the online app best known for offering commission-free trades, fractional-share investing, and gifting free shares of stock to new members, signed up millions of new users in 2020. That's noteworthy because the average age of Robinhood's user base is only 31.
For months, Robinhood's leaderboard -- i.e., the 100 most held stocks on the platform -- hasn't changed all that much. But over the past couple of weeks, we've witnessed significant adjustments to what millennial and novice investors want to own.
Image source: Getty Images.
These top-10 holdings aren't going anywhere
Although the order has flipped around a bit, the five most held stocks on Robinhood have been in the top 10 for quite some time. As of this past weekend, this included the following stocks, ranked in order of popularity:
Apple (NASDAQ: AAPL)
Tesla (NASDAQ: TSLA)
General Electric
Ford
American Airlines Group (NASDAQ: AAL)
Some of these are no-brainers. For instance, Apple has the most popular smartphone in the U.S. and should see its operating margins pick up as it proactively becomes a service-oriented company. Apple is also one of the most recognized brands in the world. It's a logical top holding that young investors can easily relate to.
Even though I strongly disagree with its current valuation, Tesla's popularity among millennials makes sense. Electric vehicles (EV) are the future of the auto industry, and Tesla has clearly identifiable first-mover advantages. The company is on pace to potentially top 500,000 EVs delivered in 2020, and its battery technology continues to lead its peers in both range and power.
The consistent top-10 holding that makes little sense is American Airlines. The airline industry is capital-intensive and produces meager margins, which should already be a red flag. What's worse is that American Airlines has buried itself in over $41 billion in debt. Even if it survives the coronavirus pandemic, this debt will strangle growth opportunities for the next decade.
Image source: Amazon.
These brand-name stocks are no longer top-10 holdings
The big surprises occur once you move beyond the top-five holdings. Three mainstay holdings in Robinhood's top 10 have fallen down the rankings.
Canadian marijuana stock Aurora Cannabis (NYSE: ACB), which was once the most held company on the entire platform, has fallen all the way back to the 15th spot on the leaderboard. Considering that Aurora's shares have declined by more than 90% since March 2019, an exodus by young investors was long overdue. Aurora has continually hurt its investors by issuing common stock and failing to meet its own forecasts of positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). It's struggling mightily and should be avoided by investors.
Tech giant Microsoft (NASDAQ: MSFT) also finds itself on the outside looking in. Currently 13th on Robinhood's leaderboard, it's unclear why young investors have soured a bit on the company. Microsoft's fiscal first-quarter results showed it was business as usual, with a majority of the company's cloud offerings growing by a double-digit percentage from the previous year. Microsoft is generating insane amounts of cash flow and is aggressively reinvesting this cash into high-margin growth opportunities. In other words, it should probably remain a top holding by millennial investors.
Maybe the biggest shock of all is that Amazon (NASDAQ: AMZN) has fallen out of the top 10 (currently 12th). Like Microsoft, it's not entirely clear why millennials are piling into other companies instead of Amazon. According to an eMarketer report from March, Amazon was expected to control 38.7% of all online sales in 2020 and increase its share to 39.7% in 2021. That's roughly 33 percentage points higher than its closest competitor. Cloud infrastructure segment Amazon Web Services is also growing like a weed. It should help triple Amazon's operating cash flow within the next four years.
Image source: Getty Images.
Here's the rest of Robinhood's new top 10
Following the top-five holdings mentioned earlier are Robinhood's remaining top-10 holdings (in order):
Pfizer (NYSE: PFE)
Carnival
Delta Air Lines
NIO (NYSE: NIO)
Disney
Pfizer has quickly risen up the ranks in 2020 after developing a successful coronavirus vaccine with the help of BioNTech. The Pfizer/BioNTech vaccine (BNT162b2) delivered vaccine efficacy of 95% in phase 3 trials, which blew researchers' expectations out of the water. This vaccine was recently granted emergency use authorization by the U.S. Food and Drug Administration and should have a pretty clear path to billions of dollars in annual sales in 2021.
As you'll note, millennials really love auto stocks focused on EV production. NIO has rocketed up Robinhood's leaderboard throughout 2020 and found its way into the top 10. The China-based premium EV manufacturer is operating in the largest EV market in the world. It's seen its gross vehicle margin flip into the positive from the prior-year period. Admittedly, NIO's valuation is incredibly aggressive, given that it's on pace for an annual run-rate of only 50,000 EV deliveries. However, this doesn't seem to be fazing younger investors.
Millennials are taking big risks by betting on Delta Air Lines and Carnival, though. While coronavirus vaccines raise hopes of ending the pandemic, the balance sheets for most airline stocks and cruise companies aren't pretty. It could be years before we see travel and leisure demand return to anywhere near pre-coronavirus levels.
10 stocks we like better than Pfizer
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Pfizer 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 November 20, 2020
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Sean Williams owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon, Apple, Microsoft, Tesla, and Walt Disney. The Motley Fool recommends Carnival and Delta Air Lines and recommends the following options: long January 2022 $1920 calls on Amazon, short January 2021 $135 calls on Walt Disney, long January 2021 $60 calls on Walt Disney, and short January 2022 $1940 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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As of this past weekend, this included the following stocks, ranked in order of popularity: Apple (NASDAQ: AAPL) Tesla (NASDAQ: TSLA) General Electric Ford American Airlines Group (NASDAQ: AAL) Some of these are no-brainers. Robinhood, the online app best known for offering commission-free trades, fractional-share investing, and gifting free shares of stock to new members, signed up millions of new users in 2020. Aurora has continually hurt its investors by issuing common stock and failing to meet its own forecasts of positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).
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As of this past weekend, this included the following stocks, ranked in order of popularity: Apple (NASDAQ: AAPL) Tesla (NASDAQ: TSLA) General Electric Ford American Airlines Group (NASDAQ: AAL) Some of these are no-brainers. Here's the rest of Robinhood's new top 10 Following the top-five holdings mentioned earlier are Robinhood's remaining top-10 holdings (in order): Pfizer (NYSE: PFE) Carnival Delta Air Lines The Motley Fool owns shares of and recommends Amazon, Apple, Microsoft, Tesla, and Walt Disney.
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As of this past weekend, this included the following stocks, ranked in order of popularity: Apple (NASDAQ: AAPL) Tesla (NASDAQ: TSLA) General Electric Ford American Airlines Group (NASDAQ: AAL) Some of these are no-brainers. See the 10 stocks *Stock Advisor returns as of November 20, 2020 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. The Motley Fool recommends Carnival and Delta Air Lines and recommends the following options: long January 2022 $1920 calls on Amazon, short January 2021 $135 calls on Walt Disney, long January 2021 $60 calls on Walt Disney, and short January 2022 $1940 calls on Amazon.
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As of this past weekend, this included the following stocks, ranked in order of popularity: Apple (NASDAQ: AAPL) Tesla (NASDAQ: TSLA) General Electric Ford American Airlines Group (NASDAQ: AAL) Some of these are no-brainers. These top-10 holdings aren't going anywhere Although the order has flipped around a bit, the five most held stocks on Robinhood have been in the top 10 for quite some time. The Motley Fool owns shares of and recommends Amazon, Apple, Microsoft, Tesla, and Walt Disney.
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4852.0
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2020-12-23 00:00:00 UTC
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Families of crash victims want U.S. to rescind approval for Boeing 737 MAX to fly again
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https://www.nasdaq.com/articles/families-of-crash-victims-want-u.s.-to-rescind-approval-for-boeing-737-max-to-fly-again
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By Tracy Rucinski
Dec 23 (Reuters) - The families of victims killed in two crashes by Boeing Co's BA.N 737 MAX want U.S. regulators to rescind approval for the planes to fly again, following a Senate report that raised concerns about the re-approval process.
The Federal Aviation Administration (FAA) lifted its 20-month safety ban of the 737 MAX on Nov. 18 after green-lighting design changes by Boeing to address issues involved in two fatal crashes in Indonesia in late 2018 and in Ethiopia in early 2019.
But a lengthy Senate Commerce Committee report released on Friday found that Boeing officials "inappropriately coached" FAA test pilots during its recertification efforts.
"The Committee found wrongful and potentially unlawful behavior that must be investigated to determine whether the MAX recertification process was tainted," families of Ethiopian crash victims said in the Dec. 22 letter to the FAA and Department of Transportation that was reviewed by Reuters.
Asked for comment, the FAA said it had worked closely with other international regulators to conduct "a thorough and deliberate review" of the 737 MAX.
"We are confident that the safety issues that played a role in the tragic accidents involving Lion Air Flight 610 and Ethiopian Airlines Flight 302 have been addressed through the design changes required and independently approved by the FAA and its partners," a spokesman said.
Boeing declined to comment. When the Senate report was released on Dec. 18, Boeing said it takes "seriously the committee’s findings and will continue to review the report in full."
"With the first U.S. flight of the 737 MAX set to occur within days, we call for the plane to be immediately grounded based upon the new revelations," the families wrote.
A total of 346 people died in the two crashes.
American Airlines AAL.O is set to fly the plane on Dec. 29 for the first time in the United States with commercial passengers since the plane's global grounding in March 2019.
Boeing 'inappropriately coached' pilots in 737 MAX testing -U.S. Senate report
(Reporting by Tracy Rucinski in Chicago Editing by Chizu Nomiyama and Lisa Shumaker)
((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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American Airlines AAL.O is set to fly the plane on Dec. 29 for the first time in the United States with commercial passengers since the plane's global grounding in March 2019. By Tracy Rucinski Dec 23 (Reuters) - The families of victims killed in two crashes by Boeing Co's BA.N 737 MAX want U.S. regulators to rescind approval for the planes to fly again, following a Senate report that raised concerns about the re-approval process. The Federal Aviation Administration (FAA) lifted its 20-month safety ban of the 737 MAX on Nov. 18 after green-lighting design changes by Boeing to address issues involved in two fatal crashes in Indonesia in late 2018 and in Ethiopia in early 2019.
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American Airlines AAL.O is set to fly the plane on Dec. 29 for the first time in the United States with commercial passengers since the plane's global grounding in March 2019. By Tracy Rucinski Dec 23 (Reuters) - The families of victims killed in two crashes by Boeing Co's BA.N 737 MAX want U.S. regulators to rescind approval for the planes to fly again, following a Senate report that raised concerns about the re-approval process. But a lengthy Senate Commerce Committee report released on Friday found that Boeing officials "inappropriately coached" FAA test pilots during its recertification efforts.
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American Airlines AAL.O is set to fly the plane on Dec. 29 for the first time in the United States with commercial passengers since the plane's global grounding in March 2019. By Tracy Rucinski Dec 23 (Reuters) - The families of victims killed in two crashes by Boeing Co's BA.N 737 MAX want U.S. regulators to rescind approval for the planes to fly again, following a Senate report that raised concerns about the re-approval process. "The Committee found wrongful and potentially unlawful behavior that must be investigated to determine whether the MAX recertification process was tainted," families of Ethiopian crash victims said in the Dec. 22 letter to the FAA and Department of Transportation that was reviewed by Reuters.
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American Airlines AAL.O is set to fly the plane on Dec. 29 for the first time in the United States with commercial passengers since the plane's global grounding in March 2019. By Tracy Rucinski Dec 23 (Reuters) - The families of victims killed in two crashes by Boeing Co's BA.N 737 MAX want U.S. regulators to rescind approval for the planes to fly again, following a Senate report that raised concerns about the re-approval process. But a lengthy Senate Commerce Committee report released on Friday found that Boeing officials "inappropriately coached" FAA test pilots during its recertification efforts.
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4853.0
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2020-12-23 00:00:00 UTC
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American Airlines moves ahead with worker recalls even as Trump balks at aid deal
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AAL
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https://www.nasdaq.com/articles/american-airlines-moves-ahead-with-worker-recalls-even-as-trump-balks-at-aid-deal-2020-12
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nan
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nan
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By Tracy Rucinski
CHICAGO, Dec 23 (Reuters) - American Airlines AAL.O said on Wednesday it is moving forward with plans to bring back furloughed workers and give them paychecks by Dec. 24, even after President Donald Trump threatened to veto a coronavirus relief bill.
Trump’s threat on Tuesday to veto the $892 billion coronavirus relief bill approved by Congress this week, which includes $15 billion for airlines to bring back furloughed workers and pay them through March, left millions of Americans in limbo.
"While this is an unexpected development, we are moving forward with recall plans and furloughed team members will receive funds in their accounts on Christmas Eve as planned," a spokeswoman for American said.
Nearly 8,000 American Airlines flight attendants have already received recall letters, the company said, and similar letters are going out in phases to other employees across the company.
The letters, sent by email and FedEx, ask flight attendants to either accept the recall or resign by Jan. 4.
By Tuesday afternoon, around half had already accepted, and only one had resigned, one person with knowledge of the matter said.
American furloughed nearly 19,000 employees after a first federal payroll support package for airlines expired in October.
United Airlines UAL.O, which furloughed around 13,000 of its employees, has also pledged to recall them if Washington approves fresh aid.
It did not reply to a request for comment on Wednesday.
(Reporting by Tracy Rucinski Editing by Chizu Nomiyama and Alistair Bell)
((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 CHICAGO, Dec 23 (Reuters) - American Airlines AAL.O said on Wednesday it is moving forward with plans to bring back furloughed workers and give them paychecks by Dec. 24, even after President Donald Trump threatened to veto a coronavirus relief bill. American furloughed nearly 19,000 employees after a first federal payroll support package for airlines expired in October. United Airlines UAL.O, which furloughed around 13,000 of its employees, has also pledged to recall them if Washington approves fresh aid.
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By Tracy Rucinski CHICAGO, Dec 23 (Reuters) - American Airlines AAL.O said on Wednesday it is moving forward with plans to bring back furloughed workers and give them paychecks by Dec. 24, even after President Donald Trump threatened to veto a coronavirus relief bill. Trump’s threat on Tuesday to veto the $892 billion coronavirus relief bill approved by Congress this week, which includes $15 billion for airlines to bring back furloughed workers and pay them through March, left millions of Americans in limbo. Nearly 8,000 American Airlines flight attendants have already received recall letters, the company said, and similar letters are going out in phases to other employees across the company.
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By Tracy Rucinski CHICAGO, Dec 23 (Reuters) - American Airlines AAL.O said on Wednesday it is moving forward with plans to bring back furloughed workers and give them paychecks by Dec. 24, even after President Donald Trump threatened to veto a coronavirus relief bill. Trump’s threat on Tuesday to veto the $892 billion coronavirus relief bill approved by Congress this week, which includes $15 billion for airlines to bring back furloughed workers and pay them through March, left millions of Americans in limbo. Nearly 8,000 American Airlines flight attendants have already received recall letters, the company said, and similar letters are going out in phases to other employees across the company.
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By Tracy Rucinski CHICAGO, Dec 23 (Reuters) - American Airlines AAL.O said on Wednesday it is moving forward with plans to bring back furloughed workers and give them paychecks by Dec. 24, even after President Donald Trump threatened to veto a coronavirus relief bill. The letters, sent by email and FedEx, ask flight attendants to either accept the recall or resign by Jan. 4. American furloughed nearly 19,000 employees after a first federal payroll support package for airlines expired in October.
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4854.0
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2020-12-23 00:00:00 UTC
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US STOCKS-S&P 500 ends slightly higher as investors bet on recovery
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-500-ends-slightly-higher-as-investors-bet-on-recovery-2020-12-23
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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.
Economy-sensitive cyclicals, small caps gain
Pfizer rises on supply deals for COVID-19 drugs
Jobless claims decline, consumer spending drops
Dow gains 0.38%, S&P up 0.07%, Nasdaq down 0.29%
Updates to with closing prices
NEW YORK, Dec 23 (Reuters) - The S&P 500 closed barely in positive territory on Wednesday as an expected stimulus deal and falling jobless claims prompted investors to put their money into sectors most likely to benefit from the economy re-opening when it recovers from the global health crisis.
While the blue-chip Dow and small caps led the gains, the tech-heavy Nasdaq ended the session lower.
Economically vulnerable cyclical stocks, which were battered by mandated shutdowns and stand to benefit most from economic recovery, were outperforming.
The rotation into cyclicals reflects a growing confidence in recovery from the pandemic recession, and began in fits and starts after promising late-stage vaccine data was released in early November.
"It's a very welcoming sign to see rotation into beaten down sectors," said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts. "It speaks to the importance to valuation and the importance of diversification."
"It also speaks to the hope that is out there," Keator added. "When you see oil pick up and travel and tourism industries pick up, it speaks to the market looking forward and pricing in that hope."
The possibility of a year-end shutdown of the U.S. government as well as the lack of new fiscal stimulus raised its head after President Donald Trump threatened to veto a $2.3 trillion funding package, which also includes a long-awaited $892 billion pandemic relief deal.
A Brexit trade deal between Britain and the European Union appeared more likely after a senior European diplomat told Reuters that an agreement could be imminent.
A raft of mixed economic data showed a welcome decrease in jobless claims and an uptick in new orders for durable goods, but also a pullback in consumer spending, dropping personal income and fading sentiment as the holiday shopping season nears its end amid a resurgent pandemic.
But languid inflation data provided further assurance that the U.S. Federal Reserve is likely to maintain its accommodative monetary policy at least until 2024.
The Dow Jones Industrial Average .DJI rose 114.32 points, or 0.38%, to 30,129.83, the S&P 500 .SPX gained 2.75 points, or 0.07%, to 3,690.01 and the Nasdaq Composite .IXIC dropped 36.80 points, or 0.29%, to 12,771.11.
Of the 11 major sectors in the S&P 500, all but real estate .SPLRCR tech .SPLRCT and utilities .SPLRCU ended the session in the black.
Drugmaker Pfizer Inc PFE.N rose 1.9% following a deal with the United States to supply 100 million additional doses of its COVID-19 vaccine by July.
Supernus Pharmaceuticals Inc SUPN.O surged 14.6% after its experimental drug for attention deficit hyperactivity disorder met the main goal of a late-stage study in adults.
Shares of Nikola Corp NKLA.O fell 10.7% after it called off a deal to develop electric garbage trucks with recycling and waste disposal firm Republic Services Inc RSG.N.
American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.6% and 2.7%, respectively, after revealing plans to bring back furloughed employees this month. The airline industry is hoping to receive about $15 billion in payroll support as part of the pending fiscal relief package.
Advancing issues outnumbered declining ones on the NYSE by a 2.38-to-1 ratio; on Nasdaq, a 1.73-to-1 ratio favored advancers.
The S&P 500 posted 33 new 52-week highs and no new lows; the Nasdaq Composite recorded 280 new highs and two new lows.
Volume on U.S. exchanges was 12.22 billion shares, compared with the 11.52 billion average over the last 20 trading days.
(Reporting by Stephen Culp; Editing by Cynthia Osterman)
((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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American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.6% and 2.7%, respectively, after revealing plans to bring back furloughed employees this month. Economy-sensitive cyclicals, small caps gain Pfizer rises on supply deals for COVID-19 drugs Jobless claims decline, consumer spending drops Dow gains 0.38%, S&P up 0.07%, Nasdaq down 0.29% Updates to with closing prices NEW YORK, Dec 23 (Reuters) - The S&P 500 closed barely in positive territory on Wednesday as an expected stimulus deal and falling jobless claims prompted investors to put their money into sectors most likely to benefit from the economy re-opening when it recovers from the global health crisis. The possibility of a year-end shutdown of the U.S. government as well as the lack of new fiscal stimulus raised its head after President Donald Trump threatened to veto a $2.3 trillion funding package, which also includes a long-awaited $892 billion pandemic relief deal.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.6% and 2.7%, respectively, after revealing plans to bring back furloughed employees this month. Economy-sensitive cyclicals, small caps gain Pfizer rises on supply deals for COVID-19 drugs Jobless claims decline, consumer spending drops Dow gains 0.38%, S&P up 0.07%, Nasdaq down 0.29% Updates to with closing prices NEW YORK, Dec 23 (Reuters) - The S&P 500 closed barely in positive territory on Wednesday as an expected stimulus deal and falling jobless claims prompted investors to put their money into sectors most likely to benefit from the economy re-opening when it recovers from the global health crisis. The possibility of a year-end shutdown of the U.S. government as well as the lack of new fiscal stimulus raised its head after President Donald Trump threatened to veto a $2.3 trillion funding package, which also includes a long-awaited $892 billion pandemic relief deal.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.6% and 2.7%, respectively, after revealing plans to bring back furloughed employees this month. Economy-sensitive cyclicals, small caps gain Pfizer rises on supply deals for COVID-19 drugs Jobless claims decline, consumer spending drops Dow gains 0.38%, S&P up 0.07%, Nasdaq down 0.29% Updates to with closing prices NEW YORK, Dec 23 (Reuters) - The S&P 500 closed barely in positive territory on Wednesday as an expected stimulus deal and falling jobless claims prompted investors to put their money into sectors most likely to benefit from the economy re-opening when it recovers from the global health crisis. A raft of mixed economic data showed a welcome decrease in jobless claims and an uptick in new orders for durable goods, but also a pullback in consumer spending, dropping personal income and fading sentiment as the holiday shopping season nears its end amid a resurgent pandemic.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.6% and 2.7%, respectively, after revealing plans to bring back furloughed employees this month. While the blue-chip Dow and small caps led the gains, the tech-heavy Nasdaq ended the session lower. "It also speaks to the hope that is out there," Keator added.
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4855.0
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2020-12-23 00:00:00 UTC
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US STOCKS-Wall Street gains on recovery bets
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-street-gains-on-recovery-bets-2020-12-23
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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.
Economy-sensitive cyclicals, small caps gain
Pfizer, Merck rise on supply deals for COVID-19 drugs
Jobless claims decline, consumer spending drops
Indexes up: Dow 0.87%, S&P 0.62%, Nasdaq 0.23%
Updates to midafternoon, changes dateline, byline
NEW YORK, Dec 23 (Reuters) - Wall Street advanced on Wednesday as a pending stimulus deal and falling jobless claims prompted investors to bet on an economic recovery from the global health crisis.
All three major indexes were higher, with the blue-chip Dow and small caps leading the gains.
Economically vulnerable cyclical stocks, which were battered by mandated shutdowns and stand to benefit most from economic recovery, were outperforming.
The rotation into cyclicals reflects a growing confidence in recovery from the pandemic recession, and began in fits and starts after promising late-stage vaccine data was released in early November.
"A lot of names that have lagged all year because they were handicapped by COVID tend to do better as investors focus on reopening the economy," said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. "As we get good news on vaccines, those names get a boost."
The possibility of a year-end shutdown of the U.S. government, not to mention the lack of new fiscal stimulus, raised its head after President Donald Trump threatened to veto a $2.3 trillion funding package, which also includes a long-awaited $892 billion pandemic relief deal.
A Brexit trade deal between Britain and the European Union appeared more likely after a senior European diplomat told Reuters that an agreement could be imminent.
A raft of mixed economic data showed a welcome decrease in jobless claims and an uptick in new orders for durable goods, but also a pullback in consumer spending, dropping personal income and fading sentiment as the holiday shopping season nears its end amid a resurgent pandemic.
But languid inflation data provided further assurance that the U.S. Federal Reserve will maintain its accommodative monetary policy at least until 2024.
The Dow Jones Industrial Average .DJI rose 259.81 points, or 0.87%, to 30,275.32, the S&P 500 .SPX gained 22.89 points, or 0.62%, to 3,710.15 and the Nasdaq Composite .IXIC added 29.19 points, or 0.23%, to 12,837.11.
Of the 11 major sectors in the S&P 500, all but real estate .SPLRCR tech .SPLRCT were in the black.
Drugmaker Pfizer Inc PFE.N rose 2.1% following a deal with the United States to supply 100 million additional doses of its COVID-19 vaccine by July.
Merck & Co Inc MRK.N agreed to supply the U.S. government with up to 100,000 doses of its COVID-19 treatment, sending its stock up 1.0%.
Supernus Pharmaceuticals Inc SUPN.O surged 17.1% after its experimental drug for attention deficit hyperactivity disorder met the main goal of a late-stage study in adults.
Shares of Nikola Corp NKLA.O fell 9.8% after it called off a deal to develop electric garbage trucks with recycling and waste disposal firm Republic Services Inc RSG.N.
American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.7% and 2.8%, respectively, after revealing plans to bring back furloughed employees this month. The airline industry is hoping to receive about $15 billion in payroll support as part of the pending fiscal relief package.
Advancing issues outnumbered declining ones on the NYSE by a 2.74-to-1 ratio; on Nasdaq, a 2.00-to-1 ratio favored advancers.
The S&P 500 posted 31 new 52-week highs and no new lows; the Nasdaq Composite recorded 261 new highs and two new lows.
(Reporting by Stephen Culp; Editing by Cynthia Osterman)
((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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American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.7% and 2.8%, respectively, after revealing plans to bring back furloughed employees this month. Economy-sensitive cyclicals, small caps gain Pfizer, Merck rise on supply deals for COVID-19 drugs Jobless claims decline, consumer spending drops Indexes up: Dow 0.87%, S&P 0.62%, Nasdaq 0.23% Updates to midafternoon, changes dateline, byline NEW YORK, Dec 23 (Reuters) - Wall Street advanced on Wednesday as a pending stimulus deal and falling jobless claims prompted investors to bet on an economic recovery from the global health crisis. The possibility of a year-end shutdown of the U.S. government, not to mention the lack of new fiscal stimulus, raised its head after President Donald Trump threatened to veto a $2.3 trillion funding package, which also includes a long-awaited $892 billion pandemic relief deal.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.7% and 2.8%, respectively, after revealing plans to bring back furloughed employees this month. Economy-sensitive cyclicals, small caps gain Pfizer, Merck rise on supply deals for COVID-19 drugs Jobless claims decline, consumer spending drops Indexes up: Dow 0.87%, S&P 0.62%, Nasdaq 0.23% Updates to midafternoon, changes dateline, byline NEW YORK, Dec 23 (Reuters) - Wall Street advanced on Wednesday as a pending stimulus deal and falling jobless claims prompted investors to bet on an economic recovery from the global health crisis. The possibility of a year-end shutdown of the U.S. government, not to mention the lack of new fiscal stimulus, raised its head after President Donald Trump threatened to veto a $2.3 trillion funding package, which also includes a long-awaited $892 billion pandemic relief deal.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.7% and 2.8%, respectively, after revealing plans to bring back furloughed employees this month. Economy-sensitive cyclicals, small caps gain Pfizer, Merck rise on supply deals for COVID-19 drugs Jobless claims decline, consumer spending drops Indexes up: Dow 0.87%, S&P 0.62%, Nasdaq 0.23% Updates to midafternoon, changes dateline, byline NEW YORK, Dec 23 (Reuters) - Wall Street advanced on Wednesday as a pending stimulus deal and falling jobless claims prompted investors to bet on an economic recovery from the global health crisis. A raft of mixed economic data showed a welcome decrease in jobless claims and an uptick in new orders for durable goods, but also a pullback in consumer spending, dropping personal income and fading sentiment as the holiday shopping season nears its end amid a resurgent pandemic.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.7% and 2.8%, respectively, after revealing plans to bring back furloughed employees this month. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Economy-sensitive cyclicals, small caps gain Pfizer, Merck rise on supply deals for COVID-19 drugs Jobless claims decline, consumer spending drops Indexes up: Dow 0.87%, S&P 0.62%, Nasdaq 0.23% Updates to midafternoon, changes dateline, byline NEW YORK, Dec 23 (Reuters) - Wall Street advanced on Wednesday as a pending stimulus deal and falling jobless claims prompted investors to bet on an economic recovery from the global health crisis.
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4856.0
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2020-12-23 00:00:00 UTC
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Wednesday's ETF with Unusual Volume: EQAL
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AAL
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https://www.nasdaq.com/articles/wednesdays-etf-with-unusual-volume%3A-eqal-2020-12-23
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nan
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nan
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The Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Wednesday, with over 192,000 shares traded versus three month average volume of about 38,000. Shares of EQAL were up about 1.1% on the day.
Components of that ETF with the highest volume on Wednesday were Apple, trading down about 0.2% with over 41.0 million shares changing hands so far this session, and American Airlines Group, up about 3.2% on volume of over 38.6 million shares. Fireeye is the component faring the best Wednesday, up by about 11.1% on the day, while Carvana is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 5.7%.
VIDEO: Wednesday's ETF with Unusual Volume: EQAL
The views and 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 Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Wednesday, with over 192,000 shares traded versus three month average volume of about 38,000. Components of that ETF with the highest volume on Wednesday were Apple, trading down about 0.2% with over 41.0 million shares changing hands so far this session, and American Airlines Group, up about 3.2% on volume of over 38.6 million shares. VIDEO: Wednesday's ETF with Unusual Volume: EQAL The views and 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 Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Wednesday, with over 192,000 shares traded versus three month average volume of about 38,000. Fireeye is the component faring the best Wednesday, up by about 11.1% on the day, while Carvana is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 5.7%. VIDEO: Wednesday's ETF with Unusual Volume: EQAL The views and 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 Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Wednesday, with over 192,000 shares traded versus three month average volume of about 38,000. Components of that ETF with the highest volume on Wednesday were Apple, trading down about 0.2% with over 41.0 million shares changing hands so far this session, and American Airlines Group, up about 3.2% on volume of over 38.6 million shares. Fireeye is the component faring the best Wednesday, up by about 11.1% on the day, while Carvana is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 5.7%.
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Components of that ETF with the highest volume on Wednesday were Apple, trading down about 0.2% with over 41.0 million shares changing hands so far this session, and American Airlines Group, up about 3.2% on volume of over 38.6 million shares. Fireeye is the component faring the best Wednesday, up by about 11.1% on the day, while Carvana is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 5.7%. VIDEO: Wednesday's ETF with Unusual Volume: EQAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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4857.0
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2020-12-23 00:00:00 UTC
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Pre-Market Most Active for Dec 23, 2020 : LIZI, FCEL, PLTR, AAPL, MVIS, NKLA, AAL, NIO, NRZ, FUBO, QS, PFE
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-23-2020-%3A-lizi-fcel-pltr-aapl-mvis-nkla-aal-nio-nrz-fubo-qs
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 14.29 to 12,731.85. The total Pre-Market volume is currently 28,371,950 shares traded.
The following are the most active stocks for the pre-market session:
LIZHI INC. (LIZI) is +1.06 at $4.68, with 4,980,504 shares traded. As reported by Zacks, the current mean recommendation for LIZI is in the "buy range".
FuelCell Energy, Inc. (FCEL) is +1.145 at $11.89, with 1,756,359 shares traded. FCEL's current last sale is 158.53% of the target price of $7.5.
Palantir Technologies Inc. (PLTR) is +0.94 at $28.98, with 1,220,007 shares traded. PLTR's current last sale is 199.86% of the target price of $14.5.
Apple Inc. (AAPL) is +0.57 at $132.45, with 1,171,936 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Microvision, Inc. (MVIS) is -0.94 at $8.33, with 1,170,244 shares traded., following a 52-week high recorded in prior regular session.
Nikola Corporation (NKLA) is -1.23 at $15.60, with 1,112,201 shares traded. NKLA's current last sale is 44.57% of the target price of $35.
American Airlines Group, Inc. (AAL) is -0.12 at $15.36, with 1,094,314 shares traded. AAL's current last sale is 149.85% of the target price of $10.25.
NIO Inc. (NIO) is +0.2302 at $47.81, with 1,080,146 shares traded. NIO's current last sale is 144.88% of the target price of $33.
New Residential Investment Corp. (NRZ) is -0.0298 at $9.90, with 893,641 shares traded. As reported by Zacks, the current mean recommendation for NRZ is in the "buy range".
fuboTV Inc. (FUBO) is -6.25 at $55.75, with 793,484 shares traded., following a 52-week high recorded in prior regular session.
QuantumScape Corporation (QS) is -10.17 at $121.50, with 732,476 shares traded., following a 52-week high recorded in prior regular session.
Pfizer, Inc. (PFE) is +0.3 at $37.04, with 652,555 shares traded. PFE's current last sale is 88.19% of the target price of $42.
The views and 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 -0.12 at $15.36, with 1,094,314 shares traded. AAL's current last sale is 149.85% of the target price of $10.25. Microvision, Inc. (MVIS) is -0.94 at $8.33, with 1,170,244 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is -0.12 at $15.36, with 1,094,314 shares traded. AAL's current last sale is 149.85% of the target price of $10.25. Microvision, Inc. (MVIS) is -0.94 at $8.33, with 1,170,244 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is -0.12 at $15.36, with 1,094,314 shares traded. AAL's current last sale is 149.85% of the target price of $10.25. The total Pre-Market volume is currently 28,371,950 shares traded.
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American Airlines Group, Inc. (AAL) is -0.12 at $15.36, with 1,094,314 shares traded. AAL's current last sale is 149.85% of the target price of $10.25. The following are the most active stocks for the pre-market session:
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4858.0
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2020-12-23 00:00:00 UTC
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US STOCKS-Wall Street ends higher as investors bet on recovery
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-street-ends-higher-as-investors-bet-on-recovery-2020-12-23
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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.
Updates to market close
NEW YORK, Dec 23 (Reuters) - The S&P 500 closed in positive territory on Wednesday as an expected stimulus deal and falling jobless claims prompted investors to put their money into sectors most likely to benefit from the economy re-opening when it recovers from the global health crisis.
While the blue-chip Dow and and small caps led the gains, the tech-heavy Nasdaq ended the session slightly lower.
Economically vulnerable cyclical stocks, which were battered by mandated shutdowns and stand to benefit most from economic recovery, were outperforming.
The rotation into cyclicals reflects a growing confidence in recovery from the pandemic recession, and began in fits and starts after promising late-stage vaccine data was released in early November.
"It's a very welcoming sign to see rotation into beaten down sectors," said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts. "It speaks to the importance to valuation and the importance of diversification."
"It also speaks to the hope that is out there," Keator added. "When you see oil pick up and travel and tourism industries pick up, it speaks to the market looking forward and pricing in that hope."
The possibility of a year-end shutdown of the U.S. government, not to mention the lack of new fiscal stimulus, raised its head after President Donald Trump threatened to veto a $2.3 trillion funding package, which also includes a long-awaited $892 billion pandemic relief deal.
A Brexit trade deal between Britain and the European Union appeared more likely after a senior European diplomat told Reuters that an agreement could be imminent.
A raft of mixed economic data showed a welcome decrease in jobless claims and an uptick in new orders for durable goods, but also a pullback in consumer spending, dropping personal income and fading sentiment as the holiday shopping season nears its end amid a resurgent pandemic.
But languid inflation data provided further assurance that the U.S. Federal Reserve is likely to maintain its accommodative monetary policy at least until 2024.
Unofficially, the Dow Jones Industrial Average .DJI rose 113.96 points, or 0.38%, to 30,129.47, the S&P 500 .SPX gained 2.72 points, or 0.07%, to 3,689.98 and the Nasdaq Composite .IXIC dropped 36.80 points, or 0.29%, to 12,771.11.
Drugmaker Pfizer Inc PFE.N rose following a deal with the United States to supply 100 million additional doses of its COVID-19 vaccine by July.
Merck & Co Inc MRK.N agreed to supply the U.S. government with up to 100,000 doses of its COVID-19 treatment, sending its stock higher.
Supernus Pharmaceuticals Inc SUPN.O surged after its experimental drug for attention deficit hyperactivity disorder met the main goal of a late-stage study in adults.
Shares of Nikola Corp NKLA.O plunged after it called off a deal to develop electric garbage trucks with recycling and waste disposal firm Republic Services Inc RSG.N.
American Airlines Group AAL.O and United Airlines Holdings UAL.O advanced after revealing plans to bring back furloughed employees this month. The airline industry is hoping to receive about $15 billion in payroll support as part of the pending fiscal relief package.
(Reporting by Stephen Culp; Editing by Cynthia Osterman)
((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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American Airlines Group AAL.O and United Airlines Holdings UAL.O advanced after revealing plans to bring back furloughed employees this month. The rotation into cyclicals reflects a growing confidence in recovery from the pandemic recession, and began in fits and starts after promising late-stage vaccine data was released in early November. The possibility of a year-end shutdown of the U.S. government, not to mention the lack of new fiscal stimulus, raised its head after President Donald Trump threatened to veto a $2.3 trillion funding package, which also includes a long-awaited $892 billion pandemic relief deal.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O advanced after revealing plans to bring back furloughed employees this month. "It's a very welcoming sign to see rotation into beaten down sectors," said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts. The possibility of a year-end shutdown of the U.S. government, not to mention the lack of new fiscal stimulus, raised its head after President Donald Trump threatened to veto a $2.3 trillion funding package, which also includes a long-awaited $892 billion pandemic relief deal.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O advanced after revealing plans to bring back furloughed employees this month. Updates to market close NEW YORK, Dec 23 (Reuters) - The S&P 500 closed in positive territory on Wednesday as an expected stimulus deal and falling jobless claims prompted investors to put their money into sectors most likely to benefit from the economy re-opening when it recovers from the global health crisis. The possibility of a year-end shutdown of the U.S. government, not to mention the lack of new fiscal stimulus, raised its head after President Donald Trump threatened to veto a $2.3 trillion funding package, which also includes a long-awaited $892 billion pandemic relief deal.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O advanced after revealing plans to bring back furloughed employees this month. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. "It also speaks to the hope that is out there," Keator added.
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4859.0
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2020-12-23 00:00:00 UTC
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US STOCKS-S&P, Dow rise as weekly jobless claims dip; Nasdaq retreats
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-dow-rise-as-weekly-jobless-claims-dip-nasdaq-retreats-2020-12-23
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nan
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nan
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By Devik Jain and Ambar Warrick
Dec 23 (Reuters) - The S&P 500 and the Dow rose on Wednesday as jobless claims unexpectedly fell last week, while the Nasdaq retreated from a record high close on losses in heavyweight technology stocks.
The markets also appeared to have shrugged off a threat from President Donald Trump to not sign an $892 billion coronavirus relief bill, saying it should be amended to increase the amount in the stimulus checks.
While the Labor Department's data showed initial claims for state unemployment benefits fell last week, they remained at elevated levels due to restrictions to curb the spread of new COVID-19 infections.
Meanwhile, a separate report showed consumer spending fell last month for the first time since April, due to weakness in the job market.
"There's this conflict between the immediate term, where economic conditions are likely to get worse, but longer term, things should improve quite a bit. The stimulus also helps bridge that gap," said Chuck Lieberman, chief investment officer of Advisor Capital Management in New Jersey.
At 9:41 a.m. ET, the Dow Jones Industrial Average .DJI was up 193.58 points, or 0.64%, at 30,209.09, the S&P 500 .SPX was up 16.83 points, or 0.46%, at 3,704.09. The Nasdaq Composite .IXIC was down 7.66 points, or 0.06%, at 12,800.26.
Nine of the 11 major S&P sectors were higher, with energy stocks .SPNY rising the most.
Microsoft MSFT.O, Paypal PYPL.O and Amazon.com AMZN.O were among the biggest drags on the Nasdaq.
Concerns over a new variant of the coronavirus and weakening economic data have weighed on Wall Street in recent sessions. But technology stocks have consistently outperformed their peers, thanks to the sector's perceived resilience to virus-related disruptions.
Easy monetary policy, increased liquidity in the market and positive COVID-19 vaccine data has set the main indexes for strong annual gains, despite a rough start to the year.
Drugmaker Pfizer Inc PFE.N rose 1.7% after a deal to supply the United States with 100 million additional doses of its COVID-19 vaccine by July.
Merck & Co Inc MRK.N added 0.8% following its own COVID-19 treatment agreement with the United States.
Supernus Pharmaceuticals Inc SUPN.O jumped 15.8% after its experimental drug for attention deficit hyperactivity disorder met the main goal of a late-stage study in adults.
Electric-truck maker Nikola Corp NKLA.O fell 10.1% after it called off a deal to develop electric garbage trucks with recycling and waste disposal firm Republic Services Inc RSG.N.
American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.2% and 3.2%, respectively, as they outlined plans to bring back furloughed employees this month. The airline industry is set to receive about $15 billion in government support.
Advancing issues outnumbered decliners by a 3.83-to-1 ratio on the NYSE, and by a 2.19-to-1 ratio on the Nasdaq.
The S&P index recorded 27 new 52-week highs and no new low, while the Nasdaq recorded 177 new highs and no new low.
(Reporting by Devik Jain and Ambar Warrick in Bengaluru; Editing by Bernard Orr and Sriraj Kalluvila)
((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 AAL.O and United Airlines Holdings UAL.O rose 2.2% and 3.2%, respectively, as they outlined plans to bring back furloughed employees this month. By Devik Jain and Ambar Warrick Dec 23 (Reuters) - The S&P 500 and the Dow rose on Wednesday as jobless claims unexpectedly fell last week, while the Nasdaq retreated from a record high close on losses in heavyweight technology stocks. While the Labor Department's data showed initial claims for state unemployment benefits fell last week, they remained at elevated levels due to restrictions to curb the spread of new COVID-19 infections.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.2% and 3.2%, respectively, as they outlined plans to bring back furloughed employees this month. Easy monetary policy, increased liquidity in the market and positive COVID-19 vaccine data has set the main indexes for strong annual gains, despite a rough start to the year. The S&P index recorded 27 new 52-week highs and no new low, while the Nasdaq recorded 177 new highs and no new low.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.2% and 3.2%, respectively, as they outlined plans to bring back furloughed employees this month. By Devik Jain and Ambar Warrick Dec 23 (Reuters) - The S&P 500 and the Dow rose on Wednesday as jobless claims unexpectedly fell last week, while the Nasdaq retreated from a record high close on losses in heavyweight technology stocks. The S&P index recorded 27 new 52-week highs and no new low, while the Nasdaq recorded 177 new highs and no new low.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O rose 2.2% and 3.2%, respectively, as they outlined plans to bring back furloughed employees this month. By Devik Jain and Ambar Warrick Dec 23 (Reuters) - The S&P 500 and the Dow rose on Wednesday as jobless claims unexpectedly fell last week, while the Nasdaq retreated from a record high close on losses in heavyweight technology stocks. ET, the Dow Jones Industrial Average .DJI was up 193.58 points, or 0.64%, at 30,209.09, the S&P 500 .SPX was up 16.83 points, or 0.46%, at 3,704.09.
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4860.0
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2020-12-23 00:00:00 UTC
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US STOCKS-Wall Street set to edge higher as weekly jobless claims improve
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-street-set-to-edge-higher-as-weekly-jobless-claims-improve-2020-12-23
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nan
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nan
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By Devik Jain and Ambar Warrick
Dec 23 (Reuters) - Wall Street indexes were set to rise on Wednesday as investors shrugged off President Donald Trump's threat to not sign a $900 billion COVID-19 stimulus package, while weekly jobless claims came in better than feared.
In a video posted on Twitter, Trump said the hard-fought pandemic relief package worth $892 billion should be amended to increase the amount in the stimulus checks to $2,000 for individuals, instead of the "ridiculously low" $600.
Meanwhile, the Labor Department's weekly report showed the number of Americans filing first-time claims for jobless benefits fell last week, but figures remained at elevated levels as widespread business restrictions to curb the spread of new COVID-19 infections kept employers on edge.
A separate report showed consumer spending fell last month for the first time since April, due to weakness in the job market. A reading earlier this week had also shown consumer confidence at a four-month low in December.
"There's this conflict between the immediate term, where economic conditions are likely to get worse, but longer term, things should improve quite a bit. The stimulus also helps bridge that gap," said Chuck Lieberman, chief investment officer of Advisor Capital Management in New Jersey.
At 8:51 a.m. ET, Dow e-minis 1YMcv1 were up 78 points, or 0.26%. S&P 500 e-minis EScv1 were up 9.25 points, or 0.25% and Nasdaq 100 e-minis NQcv1 were up 12.5 points, or 0.1%.
The S&P 500 and the Dow lost ground on Tuesday as concerns over a new variant of the coronavirus in Britain and underwhelming economic data weighed on near-term sentiment. But gains in Apple Inc AAPL.O pushed the technology-heavy Nasdaq to a record-high close.
"Technology is going to be a major driver of growth, but at the same time there's better value in the value segment of the market, and that's especially true if the vaccine enables the economy to recover," Lieberman added.
Easy monetary policy, increased liquidity in the market and positive COVID-19 vaccine data has set Wall Street's main indexes for strong annual gains, despite a rough start to the year.
Drugmaker Pfizer Inc PFE.N rose 0.8% in pre-market trade after it announced a deal to supply the United States with 100 million additional doses of its COVID-19 vaccine by July next year.
Merck & Co Inc MRK.N also added 0.5% following its own deal with the U.S.
Supernus Pharmaceuticals Inc SUPN.O jumped 22.0% after its experimental drug for attention deficit hyperactivity disorder met the main goal of a late-stage study in adults.
Walmart Inc WMT.N fell 0.3% after the U.S. Justice Department accused the retailer of fuelling the opioid crisis in the United States.
American Airlines Group AAL.O and United Airlines Holdings UAL.Ofell 0.1% each, as they both outlined plans to bring back furloughed employees this month. The airline industry is set to receive about $15 billion in government support.
(Reporting by Devik Jain and Ambar Warrick in Bengaluru; Editing by Bernard Orr)
((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 AAL.O and United Airlines Holdings UAL.Ofell 0.1% each, as they both outlined plans to bring back furloughed employees this month. By Devik Jain and Ambar Warrick Dec 23 (Reuters) - Wall Street indexes were set to rise on Wednesday as investors shrugged off President Donald Trump's threat to not sign a $900 billion COVID-19 stimulus package, while weekly jobless claims came in better than feared. In a video posted on Twitter, Trump said the hard-fought pandemic relief package worth $892 billion should be amended to increase the amount in the stimulus checks to $2,000 for individuals, instead of the "ridiculously low" $600.
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American Airlines Group AAL.O and United Airlines Holdings UAL.Ofell 0.1% each, as they both outlined plans to bring back furloughed employees this month. By Devik Jain and Ambar Warrick Dec 23 (Reuters) - Wall Street indexes were set to rise on Wednesday as investors shrugged off President Donald Trump's threat to not sign a $900 billion COVID-19 stimulus package, while weekly jobless claims came in better than feared. Meanwhile, the Labor Department's weekly report showed the number of Americans filing first-time claims for jobless benefits fell last week, but figures remained at elevated levels as widespread business restrictions to curb the spread of new COVID-19 infections kept employers on edge.
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American Airlines Group AAL.O and United Airlines Holdings UAL.Ofell 0.1% each, as they both outlined plans to bring back furloughed employees this month. By Devik Jain and Ambar Warrick Dec 23 (Reuters) - Wall Street indexes were set to rise on Wednesday as investors shrugged off President Donald Trump's threat to not sign a $900 billion COVID-19 stimulus package, while weekly jobless claims came in better than feared. Meanwhile, the Labor Department's weekly report showed the number of Americans filing first-time claims for jobless benefits fell last week, but figures remained at elevated levels as widespread business restrictions to curb the spread of new COVID-19 infections kept employers on edge.
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American Airlines Group AAL.O and United Airlines Holdings UAL.Ofell 0.1% each, as they both outlined plans to bring back furloughed employees this month. By Devik Jain and Ambar Warrick Dec 23 (Reuters) - Wall Street indexes were set to rise on Wednesday as investors shrugged off President Donald Trump's threat to not sign a $900 billion COVID-19 stimulus package, while weekly jobless claims came in better than feared. A separate report showed consumer spending fell last month for the first time since April, due to weakness in the job market.
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4861.0
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2020-12-23 00:00:00 UTC
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US STOCKS-Futures rise ahead of weekly unemployment data
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AAL
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https://www.nasdaq.com/articles/us-stocks-futures-rise-ahead-of-weekly-unemployment-data-2020-12-23
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nan
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nan
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By Devik Jain and Ambar Warrick
Dec 23 (Reuters) - U.S. stock index futures rose slightly on Wednesday as investors appeared to have shrugged off President Donald Trump's threat to not sign a COVID-19 stimulus bill, while also waiting for a reading on weekly jobless claims and consumer spending data.
In a video posted on Twitter, Trump said the hard-fought pandemic relief package worth $892 billion should be amended to increase the amount in the stimulus checks to $2,000 for individuals, instead of the "ridiculously low" $600.
U.S. futures had dropped as much as 1% in Asian trade, before recovering later in the session.
The S&P 500 and the Dow lost ground on Tuesday as concerns over a new variant of the coronavirus in Britain and underwhelming economic data weighed on near-term sentiment. But gains in Apple Inc AAPL.O pushed the Nasdaq to a record close.
Investors are now looking out for the Labor Department's weekly unemployment report due at 8:30 am ET (1330 GMT), which is expected to show a still dismal labor market as widespread business restrictions to curb the spread of new COVID-19 infections kept employers on edge.
Consumer spending data for November, which is also due at 8:30 am ET, is expected to show weakness in spending trends because of the softer job market.
At 6:36 a.m. ET, Dow e-minis 1YMcv1 were up 69 points, or 0.23%, S&P 500 e-minis EScv1 were up 10.5 points, or 0.29%, and Nasdaq 100 e-minis NQcv1 were up 18 points, or 0.14%.
Easy monetary policy and increased liquidity in the market has set Wall Street's main indexes for strong annual gains, despite a rough start to the year.
Drugmaker Pfizer Inc PFE.N rose 0.5% in pre-market trade after a report said it was close to striking a deal with the U.S. government to supply at least tens of millions of additional doses of its COVID-19 vaccine candidate next year.
Supernus Pharmaceuticals Inc SUPN.O jumped 24.3% after its experimental drug for attention deficit hyperactivity disorder met the main goal of a late-stage study in adults.
Walmart Inc WMT.N fell 0.5% after the U.S. Justice Department accused the retailer of fuelling the opioid crisis in the United States.
American Airlines Group AAL.O and United Airlines Holdings UAL.O fell about 0.8% each despite outlining plans to bring back furloughed employees this month after receiving payroll support from a recent bill.
(Reporting by Devik Jain and Ambar Warrick in Bengaluru; Editing by Bernard Orr)
((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 AAL.O and United Airlines Holdings UAL.O fell about 0.8% each despite outlining plans to bring back furloughed employees this month after receiving payroll support from a recent bill. By Devik Jain and Ambar Warrick Dec 23 (Reuters) - U.S. stock index futures rose slightly on Wednesday as investors appeared to have shrugged off President Donald Trump's threat to not sign a COVID-19 stimulus bill, while also waiting for a reading on weekly jobless claims and consumer spending data. In a video posted on Twitter, Trump said the hard-fought pandemic relief package worth $892 billion should be amended to increase the amount in the stimulus checks to $2,000 for individuals, instead of the "ridiculously low" $600.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O fell about 0.8% each despite outlining plans to bring back furloughed employees this month after receiving payroll support from a recent bill. By Devik Jain and Ambar Warrick Dec 23 (Reuters) - U.S. stock index futures rose slightly on Wednesday as investors appeared to have shrugged off President Donald Trump's threat to not sign a COVID-19 stimulus bill, while also waiting for a reading on weekly jobless claims and consumer spending data. Investors are now looking out for the Labor Department's weekly unemployment report due at 8:30 am ET (1330 GMT), which is expected to show a still dismal labor market as widespread business restrictions to curb the spread of new COVID-19 infections kept employers on edge.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O fell about 0.8% each despite outlining plans to bring back furloughed employees this month after receiving payroll support from a recent bill. By Devik Jain and Ambar Warrick Dec 23 (Reuters) - U.S. stock index futures rose slightly on Wednesday as investors appeared to have shrugged off President Donald Trump's threat to not sign a COVID-19 stimulus bill, while also waiting for a reading on weekly jobless claims and consumer spending data. Investors are now looking out for the Labor Department's weekly unemployment report due at 8:30 am ET (1330 GMT), which is expected to show a still dismal labor market as widespread business restrictions to curb the spread of new COVID-19 infections kept employers on edge.
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American Airlines Group AAL.O and United Airlines Holdings UAL.O fell about 0.8% each despite outlining plans to bring back furloughed employees this month after receiving payroll support from a recent bill. By Devik Jain and Ambar Warrick Dec 23 (Reuters) - U.S. stock index futures rose slightly on Wednesday as investors appeared to have shrugged off President Donald Trump's threat to not sign a COVID-19 stimulus bill, while also waiting for a reading on weekly jobless claims and consumer spending data. In a video posted on Twitter, Trump said the hard-fought pandemic relief package worth $892 billion should be amended to increase the amount in the stimulus checks to $2,000 for individuals, instead of the "ridiculously low" $600.
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4862.0
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2020-12-23 00:00:00 UTC
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American Airlines says moving forward with recall plans despite delay in aid
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AAL
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https://www.nasdaq.com/articles/american-airlines-says-moving-forward-with-recall-plans-despite-delay-in-aid-2020-12-23
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nan
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nan
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CHICAGO, Dec 23 (Reuters) - American Airlines AAL.O said on Wednesday it still plans to recall furloughed employees and give them paychecks by Dec. 24, even after President Donald Trump threatened on Tuesday to not sign an $892 billion coronavirus relief bill that includes payroll support for airlines.
"While this is an unexpected development, we are moving forward with recall plans and furloughed team members will receive funds in their accounts on Christmas Eve as planned," a spokeswoman said.
(Reporting by Tracy Rucinski Editing by Chizu Nomiyama)
((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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CHICAGO, Dec 23 (Reuters) - American Airlines AAL.O said on Wednesday it still plans to recall furloughed employees and give them paychecks by Dec. 24, even after President Donald Trump threatened on Tuesday to not sign an $892 billion coronavirus relief bill that includes payroll support for airlines. "While this is an unexpected development, we are moving forward with recall plans and furloughed team members will receive funds in their accounts on Christmas Eve as planned," a spokeswoman said. (Reporting by Tracy Rucinski Editing by Chizu Nomiyama) ((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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CHICAGO, Dec 23 (Reuters) - American Airlines AAL.O said on Wednesday it still plans to recall furloughed employees and give them paychecks by Dec. 24, even after President Donald Trump threatened on Tuesday to not sign an $892 billion coronavirus relief bill that includes payroll support for airlines. "While this is an unexpected development, we are moving forward with recall plans and furloughed team members will receive funds in their accounts on Christmas Eve as planned," a spokeswoman said. (Reporting by Tracy Rucinski Editing by Chizu Nomiyama) ((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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CHICAGO, Dec 23 (Reuters) - American Airlines AAL.O said on Wednesday it still plans to recall furloughed employees and give them paychecks by Dec. 24, even after President Donald Trump threatened on Tuesday to not sign an $892 billion coronavirus relief bill that includes payroll support for airlines. "While this is an unexpected development, we are moving forward with recall plans and furloughed team members will receive funds in their accounts on Christmas Eve as planned," a spokeswoman said. (Reporting by Tracy Rucinski Editing by Chizu Nomiyama) ((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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CHICAGO, Dec 23 (Reuters) - American Airlines AAL.O said on Wednesday it still plans to recall furloughed employees and give them paychecks by Dec. 24, even after President Donald Trump threatened on Tuesday to not sign an $892 billion coronavirus relief bill that includes payroll support for airlines. "While this is an unexpected development, we are moving forward with recall plans and furloughed team members will receive funds in their accounts on Christmas Eve as planned," a spokeswoman said. (Reporting by Tracy Rucinski Editing by Chizu Nomiyama) ((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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4863.0
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2020-12-23 00:00:00 UTC
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American Airlines Starts Phased Return Of Furloughed Workers – Report
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AAL
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https://www.nasdaq.com/articles/american-airlines-starts-phased-return-of-furloughed-workers-report-2020-12-23
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nan
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nan
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American Airlines is calling back its furloughed employees after U.S. Congress passed a relief package, including payroll support for airlines, according to a company memo seen by Reuters.
American Airlines (AAL) is planning to return its furloughed workers in a phased manner. "While pay and benefits will be restored right away, people will be asked to return to the operation in phases," the company’s CEO Robert Isom said in the memo seen by Reuters.
Notably, on Monday, Congress passed a $900 billion coronavirus aid package, from which airlines would get $15 billion for payroll support. According to the Reuters report, American Airlines is expected to receive approximately $3 billion from the payroll package. The air carrier has furloughed nearly 19,000 workers since October this year. (See AAL stock analysis on TipRanks)
On Dec. 11, Deutsche Bank analyst Michael Linenberg downgraded the stock to Hold from Buy but raised the price target to $20 (29.2% upside potential) from $18. Linenberg believes that airline stocks are fairly valued at current levels given the upswing in share prices over the past several months due to positive developments on the coronavirus front.
Overall, the Street has a cautiously bearish outlook on the stock. The Moderate Sell analyst consensus is based on 5 Sells, 2 Holds and 1 Buy. The average price target stands at $12.75 and implies downside potential of about 17.6% to current levels. Shares have plunged 46% year-to-date.
Related News:
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Lockheed Martin Snaps Up Aerojet Rocketdyne For $4.4B; Street Sees 17% Upside
Boeing Wins Fourth Contract With Singapore Air Force; Shares Down 33% YTD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) is planning to return its furloughed workers in a phased manner. (See AAL stock analysis on TipRanks) On Dec. 11, Deutsche Bank analyst Michael Linenberg downgraded the stock to Hold from Buy but raised the price target to $20 (29.2% upside potential) from $18. "While pay and benefits will be restored right away, people will be asked to return to the operation in phases," the company’s CEO Robert Isom said in the memo seen by Reuters.
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(See AAL stock analysis on TipRanks) On Dec. 11, Deutsche Bank analyst Michael Linenberg downgraded the stock to Hold from Buy but raised the price target to $20 (29.2% upside potential) from $18. American Airlines (AAL) is planning to return its furloughed workers in a phased manner. American Airlines is calling back its furloughed employees after U.S. Congress passed a relief package, including payroll support for airlines, according to a company memo seen by Reuters.
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(See AAL stock analysis on TipRanks) On Dec. 11, Deutsche Bank analyst Michael Linenberg downgraded the stock to Hold from Buy but raised the price target to $20 (29.2% upside potential) from $18. American Airlines (AAL) is planning to return its furloughed workers in a phased manner. American Airlines is calling back its furloughed employees after U.S. Congress passed a relief package, including payroll support for airlines, according to a company memo seen by Reuters.
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American Airlines (AAL) is planning to return its furloughed workers in a phased manner. (See AAL stock analysis on TipRanks) On Dec. 11, Deutsche Bank analyst Michael Linenberg downgraded the stock to Hold from Buy but raised the price target to $20 (29.2% upside potential) from $18. American Airlines is calling back its furloughed employees after U.S. Congress passed a relief package, including payroll support for airlines, according to a company memo seen by Reuters.
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4864.0
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2020-12-22 00:00:00 UTC
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American Airlines Remains Risky Despite Returning 30% in 1 Month
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AAL
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https://www.nasdaq.com/articles/american-airlines-remains-risky-despite-returning-30-in-1-month-2020-12-22
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Things are finally looking up for the airline sector. After a horror show of a year, U.S. airlines report signs that travel demand is perking up, suggesting the start of a rebound from an unprecedented collapse because of the novel coronavirus pandemic. However, there’s a danger the markets are already pricing in the recovery before it happens. Just as an example, American Airlines (NASDAQ:AAL) stock has a one-month return of almost 30%, while the industry and S&P 500 have returned 5.4% and 4.4%, respectively.
Source: GagliardiPhotography / Shutterstock.com
The novel coronavirus pandemic will eventually recede to the background. Vaccines made by Pfizer (NYSE:PFE) and Moderna (NASDAQ:MRNA) are now being rolled out steadily. However, it will take time to vaccinate vast swaths of the U.S. population. But the important thing to note here is that we finally see concrete action on this end.
That has caused several stocks in the space to show some positive price action after several months finally. But it’s a widespread belief that it will take time for airline traffic to return to pre-pandemic levels. Many airline stocks have already crossed their consensus targets. JPMorgan believes the recent rally has significantly reduced the implied potential upside to price targets.
7 Undervalued Stocks That Could Soar in 2021
That is certainly the case with AAL stock trading at a 31% premium to the 12-month price target of $11.40 per share. Management certainly deserves a pat on the back for steadying the ship during troubled times. But as my colleague Nicolas Chahine points out, I would wait for AAL to dip again before I jump in.
Stop the Bleeding
The last time I wrote about AAL stock, I praised the management for finally taking the necessary steps to steady the ship after the pandemic wreaked its operations. TSA checkpoint travel numbers still show a wide discrepancy between last year’s figures and the passenger count at the moment.
Considering the slow rollout of vaccines – essential healthcare workers will get access before the general population – we can expect air travel demand to lag for a few more years.
But we are mobile creatures, after all. So, I don’t expect demand to remain depressed for long. But the figures indicate that it will take a while before we see passenger numbers notch up once again. In this environment, AAL has done all to boost liquidity while waiting for demand to rebound to pre-pandemic numbers.
The company’s third-quarter pro forma liquidity balance is roughly $15.6 billion. It expects to end the fourth quarter with more than $13 billion in total available liquidity, comprising a mix of debt, equity and cash saved from reducing capital expenses. I won’t talk about dilution at this stage. Obviously, you wouldn’t want to issue 38.5 million shares to shore up cash for the balance sheet in an ideal scenario. But that’s where we are.
In addition, AAL finalized a $5.5 billion loan with the U.S. Department of the Treasury through the CARES Act loan program. In October, it boosted its loan capacity to $7.5 billion. CARES Act loans come with several provisions that airlines have to stick to, particularly when it comes to furloughing and laying off personnel. That limits an airline’s capacity to reduce costs. But as was the case with the equity issue, the company needs the capital to keep running.
Cash Burn Is Reducing
One of the major health indicators for airlines these days is cash burn. On that front, AAL has done well. Daily cash burn was approximately $44 million per day in the third quarter from $58 million per day in the second quarter. It originally forecasted its fourth-quarter cash burn rate to be approximately $25 to $30 million per day. In a stock filing from Dec. 4 filing, AAL said a higher average daily cash burn for the fourth quarter to come in near $30 million. So, it’s definitely trending towards the higher side of guidance.
Heading into the fourth quarter, airlines were hoping to get nearly three weeks of solid demand due to the Thanksgiving and the December holiday period. But the pandemic is back in full force in the winter season. Cases are surging, and the situation is worse than in the summer. Plus, fuel prices are rising, albeit slowly. That’s also having an impact on the bottom line.
At the start of this crisis, AAL didn’t go ahead and shutter most of its operations, as was the case with other airlines. That attitude has changed, and management deserves credit for it. Its partnership with JetBlue (NASDAQ:JBLU), which will unlock some new transatlantic routes, allows American to continue to maintain its positions in Boston and New York without incurring hefty operational costs.
Plus, AAL has retired more than 150 aircraft from its fleet through early retirements or by placing aircraft into temporary storage. Non-aircraft capital expenses have also been slashed by $700 million in 2020 and another $300 million in 2021.
What to Do With AAL Stock?
AAL stock isn’t a buy right now. Covid-19 did a number on travel demand and caught the airline at the wrong time. Technicals and fundamentals are still weak. However, the optimism surrounding the wider recovery is pushing airline stocks higher at this time. There is a lot of pent-up demand that will unleash once we see commercial vaccines available. We saw that when transmission risks fell in the summer, domestic demand started to look up.
Management is conscious of cutting costs and streamlining operations. From a valuation perspective, AAL is cheaper than its peers trading at a 0.3x price-sales; United Airlines (NASDAQ:UAL) at 0.5x, Southwest (NYSE:LUV) at 2x, Delta Air Lines (NYSE:DAL) at 1.1x. American Airlines stock is respecting its key moving averages and retracement levels.
AAL stock has a one-year beta of 1.3x, meaning it’s highly volatile. I would dip my toes only if I were willing to hold onto this stock until late 2021. The pandemic effects won’t be over by the end of next year, but I believe the combination of low fuel prices and affordable flights will make AAL an interesting proposition.
In the interim, shares will remain volatile, ebbing, and flowing with each new piece of news. Much of which has nothing to do with the company’s fundamentals.
On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.
The post American Airlines Remains Risky Despite Returning 30% in 1 Month 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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Stop the Bleeding The last time I wrote about AAL stock, I praised the management for finally taking the necessary steps to steady the ship after the pandemic wreaked its operations. Just as an example, American Airlines (NASDAQ:AAL) stock has a one-month return of almost 30%, while the industry and S&P 500 have returned 5.4% and 4.4%, respectively. 7 Undervalued Stocks That Could Soar in 2021 That is certainly the case with AAL stock trading at a 31% premium to the 12-month price target of $11.40 per share.
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In a stock filing from Dec. 4 filing, AAL said a higher average daily cash burn for the fourth quarter to come in near $30 million. Just as an example, American Airlines (NASDAQ:AAL) stock has a one-month return of almost 30%, while the industry and S&P 500 have returned 5.4% and 4.4%, respectively. 7 Undervalued Stocks That Could Soar in 2021 That is certainly the case with AAL stock trading at a 31% premium to the 12-month price target of $11.40 per share.
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Just as an example, American Airlines (NASDAQ:AAL) stock has a one-month return of almost 30%, while the industry and S&P 500 have returned 5.4% and 4.4%, respectively. 7 Undervalued Stocks That Could Soar in 2021 That is certainly the case with AAL stock trading at a 31% premium to the 12-month price target of $11.40 per share. In a stock filing from Dec. 4 filing, AAL said a higher average daily cash burn for the fourth quarter to come in near $30 million.
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In a stock filing from Dec. 4 filing, AAL said a higher average daily cash burn for the fourth quarter to come in near $30 million. What to Do With AAL Stock? Just as an example, American Airlines (NASDAQ:AAL) stock has a one-month return of almost 30%, while the industry and S&P 500 have returned 5.4% and 4.4%, respectively.
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4865.0
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2020-12-22 00:00:00 UTC
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A Look at Stock Market News From Boeing, Twitter, Accenture, and More
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AAL
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https://www.nasdaq.com/articles/a-look-at-stock-market-news-from-boeing-twitter-accenture-and-more-2020-12-23
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In this episode of MarketFoolery, Chris Hill chats with Motley Fool analyst Tim Beyers about the latest headlines and earning reports from Wall Street. They look at a global consulting business hitting an all-time high. They look at various factors that go into making an aircraft purchase decision and the investment opportunities therein. They have news about a social media giant and much more.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
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This video was recorded on December 17, 2020.
Chris Hill: It's Thursday, December 17th. Welcome to MarketFoolery. I'm Chris Hill, joining me from snowy Colorado, it's Tim Beyers. Good to see you.
Tim Beyers: Good to see you too, Sir.
Hill: We've got some news out of Boeing (NYSE: BA). We have some, I'm going to call it, sort of news, out of Twitter (NYSE: TWTR); we'll get to that in a minute. But we're going to start with global consulting firm Accenture (NYSE: ACN).
First quarter profits and revenue came in higher than expected. And Tim, at a time when a lot of companies are still not offering any guidance at all, Accenture also raised their guidance for the full fiscal year.
Beyers: Yeah, it's looking pretty good here, Chris. I mean, this is a company that as a consulting firm, it's often forgotten, that these guys have an army of developers who are working on cloud projects around the world. I think maybe one of the hidden pieces of Accenture, although maybe it's hiding in plain sight here, they do a lot of Teams integration. They are a big Microsoft consulting partner, and so for large companies that are implementing the Zoom alternative that we call Teams, boy! Accenture gets a lot of work on this. And in the latest quarter, Chris, I mean, I know this doesn't sound like a big number, but if you are a multinational company and your average quarter is over $1 billion, 3.5% year-over-year revenue growth, especially in the middle of a pandemic, that's pretty darn good, and that really crushed the average estimate here. This company generates cash flow, it generates profits; I mean, these guys are killing it.
And so, the pride of Ireland, Accenture, is doing incredibly -- well, people don't know that Accenture is headquartered in Ireland, but they are killing it here, Chris. They really did an amazing quarter.
Hill: And the stock is responding accordingly. And I'm assuming that's not just a quarter, but also the guidance raise for the full fiscal year, it's up about 8% this morning, it's at an all-time high. This is a, just for the sake of context, this is a company with a market cap now north of $175 billion. When you look at the stock, does it look expensive to you?
Beyers: I think it's slightly expensive here, yes, but I also think that if you're looking at the long-term here and if you believe that the cloud is a multiyear or even multi-decade opportunity, then I think the price is justifiable.
I mean, let's be clear, this is a consulting company that is not necessarily compounding earnings at a +20% growth rate and it trades for 34X earnings, but, but! man! The runway in front of these guys I think is long and very vibrant. So, I think the price is justifiable here, if you believe in the cloud for the long-term.
Hill: Boeing is reportedly hiring up to 160 pilots that it will embed at airlines to ensure a smooth comeback for the 737 MAX jet, when it returns to service. And Tim, I couldn't help but think back, you know, this is more than two years now since the crashes of the 737 MAX. I understand this move, like, if I'm David Calhoun running Boeing, I don't think it's hyperbole to say that -- I'm not saying Boeing is in danger of going out of business, what I am saying is, their future hinges on a successful return of the 737 MAX; and embedding pilots with airlines makes sense.
Beyers: Yeah. Absolutely. And part of the issue here, originally, just to not relive an ugly past, but let's just talk a little bit about this. There was an automated system on the original 737 MAX, and there were some reports that came out later -- now, I'm paraphrasing here, so I'm not going to get this exactly right, but there wasn't a lot of training on this automated system. And this automated system would automatically adjust. And in a lot of cases, it would point the nose downward. And it just created instances where the automated system caused problems that pilots could not adjust for. And part of the issue here, Chris, I think is that there just was not a lot of verifiable training here, there weren't people -- I mean, my oldest son is training to be a pilot, I mean, what is the No. 1 thing you do when you're training to be a pilot, you need simulator time, you need training time, you need to be with the airplane.
So, I think this is a really smart move by Boeing to get embedded with the airlines and make the pilots feel very comfortable about flying this plane. Because nobody is going to want to take the orders of the MAX if the pilots don't want to fly it.
Hill: I originally thought, as this dragged on, you know, in the immediate aftermath of this, it seemed like Boeing was doing all the right things, like I said, we're now in the third year of Boeing dealing with the 737 MAX as a challenge to be solved. I was looking at the stock performance for the year and shares of Boeing are down a little more than 30%. I had originally thought, because this is essentially a duopoly between Boeing and Airbus, I thought well, you know what, I'm not someone who does pairs trades, but you could talk me into shorting Boeing and buying [laughs] shares of Airbus. But shares of Airbus, when I checked, are also down about the same amount. And I guess that speaks to what's happening with the airlines themselves as opposed to the two businesses that supply the planes.
Beyers: Right. And you know, I think it's easy to forget that the biggest buyer, at least what appears to be now -- I think this is probably a permanent shift here, Chris -- the biggest buyer of planes is probably going to be the leasing companies. So, we're talking about companies like Air Lease. They are buying up these newer aircraft and then leasing them back to the airlines so that they're not taking on just these capital expenditures. I mean, you know, you look at some of the worst balance sheets that were out there and why airlines got impacted when the original, you know, virus hit and planes were grounded. It's not just because planes weren't flying, it's because these businesses are heavily, heavily leveraged. And one of the reasons they are heavily leveraged is, you know, it's really expensive to buy aircraft. So, I think we're seeing this shift to Boeing and Airbus selling into the leasing companies. And I think the leasing companies have some pretty fat fleets right now. They don't necessarily need to load up anymore right now.
So, part of the reason that Airbus, I think, is suffering is because there may be a little bit a glut, in terms of equipment, and people are going to ease back into the 737 MAX. And it's not going to be the airlines, with the notable exception of Southwest, that are going to be the first buyers for the 737 MAX, it'll be the leasing companies. And Southwest is sort of the principal buyer. So, Southwest will be the exception here, but the rest are probably going to go to the leasing companies.
Hill: When looking at the airline industry writ large -- I'm including the airlines, I'm including Boeing and Airbus -- where do you think the signal is going to come in 2021 that, I don't want to say everybody is in the clear, but that, OK, now we're looking at an industry on the uptick? Because it still seems like -- again, you can look at Boeing and Airbus, this is essentially a two-business industry, and you can think, well, I'm bullish on the future of airlines, so I'm going to buy shares of both, I still don't think it's time. So, where do you think that signal is going to come from, is it going to come from the Boeings and Airbus' or is it going to come from the leaders of the airlines themselves?
Beyers: No, I think it's going to come from the airlines. And I think that the actual metric to watch here, Chris, is what's called "load factor." So, let me just explain what this is, load factor sounds like a fancy term, it's really not, it just means how full is the plane when it flies; that's it. And I think once it starts to consistently pass 70%, then you are seeing upswing, then you're going to see airlines saying, OK, we can start doing capacity planning now. Because airlines do capacity planning before they start figuring out how to upgrade their fleets. So, Delta, United, American, Southwest, if they're flying their planes at 70% full, roughly around 70% full, like, a few months in a row, I think that's when you could say, OK, we are getting back to normal.
Hill: Before the U.S. elections last month, Twitter changed its retweet function to prevent the spread of misinformation. Twitter has now withdrawn that change and gone back to its original method of retweeting. And I'm sorry, but the snarky part of me looks at this and thinks, oh, I guess the spread of [laughs] misinformation has been solved.
Beyers: Right. Like, can we please pick a lane here? [laughs] Can we pick a lane? This doesn't make any sense to me at all, Chris. And I think this is part of the reason why Twitter has been a little bit of a nightmare for investors over the past few years, because it can't ever seem to make up its mind, you know? Jack Dorsey is going to go focus on Square; he's going to move to Africa; we're going to focus on content; we're going to battle misinformation; no, we're not going to battle misinformation. I mean, what are we doing? I think, for Twitter, this is one of the reasons I don't own the stock.
And I think this is one of the businesses that's so infuriating, it's almost, Chris, like watching the athlete and you could say, man! That golfer has got ... like, John Daly, right, if you remember John. John Daly could hit the ball a mile, you're like, man! This guy is going to be amazing forever. And then, not so much. And I feel like Twitter is the John Daly of the stock market. [laughs]
Hill: [laughs] It is a reminder, David Gardner talks about the snap test, you know, if you could snap your fingers and this business went away, how would you feel? And David has made this point as well, but this is one of those cases where the snap test doesn't really apply for investors. You know, if Google [Alphabet] goes away in a flash, I guess we'd all start using Bing, but like that would ...
Beyers: ... would we though, would we? [laughs]
Hill: [laughs] That would be very problematic for a lot of people. And you can look at the performance of Alphabet as a public company and see where the snap test applies. I think for a lot of people, myself included, if Twitter went away, I would be bummed about that. Like, that would affect my day-to-day life, because I use it for work.
But to your point, and this is even taking into account the fact that shares of Twitter over the past year are up 75%, I still look at this business and think, for so many reasons I wish this was a private company.
Beyers: Yeah, me too. I mean, if it were a private company, then you could make some really tough decisions without having the overhang of institutional investors saying, why are you doing this or why are you doing that? And I think that, yes, I think that would make a difference. And, hey, look, I know I used the John Daly analogy here, so let's stretch it just a little bit further. That guy still hits 300 yards. [laughs] He may not be winning PGA Tour events, but he still hits 300 yards. And the same thing is true of Twitter, right. Twitter still has one of the most impressive, immense networks in the world, and that has value.
Hill: It does, but they're still not great at monetizing it. You know, the value proposition for users of Twitter is pretty clear, the value proposition of Twitter for investors has been so murky for so long, that's why [laughs] I wish it were a private company, because it would just remove that as an option.
Beyers: Right. And if there was optionality here, like, can you list the number -- I mean, I think we could both spend some time here listing the number of experiments that Twitter has tried and that just hasn't gone anywhere. And the recent one that I thought was really going to be interesting here, Chris, that we have heard nothing about, recently at least, was you recording up to, I think, it was either 1 minute and 40 seconds or maybe a 2 minute message into a tweet and you send a voice tweet. What happened to that? Are people using it, has anything...? Like, we have not seen any meaningful innovation at Twitter that I can point to that says, OK, I can see progress, that this company is thinking about ways it can serve its customers better and grow. I just am not seeing that.
Hill: Is there a price at which you would pay a subscription to Twitter if it ensured you didn't see ads?
Beyers: I might. For me personally, I'm not the best use case here, because I have found that being on Twitter and Facebook is just not good for me mentally, but if I were the person, like many of us who use it for work, I could easily see paying $1 to $2/month and saying, yup! Give me ad-free, fully customizable Twitter and I'm in. I could absolutely see that being an option. And you could have a multitier, right? You could have free Twitter and you could have a subscription Twitter. And I think that would be a fascinating experiment.
Hill: Tim Beyers, always good talking to you; thanks for being here.
Beyers: Thanks, Chris.
Hill: As always, people on the program may have interest in the stocks they talk about, and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear.
That's going to do it for this edition of MarketFoolery. The show is mixed by Dan Boyd, I'm Chris Hill, thanks for listening, we'll see you on Monday.
Suzanne Frey, an executive at Alphabet, 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. Chris Hill has no position in any of the stocks mentioned. Tim Beyers owns shares of Alphabet (A shares), Alphabet (C shares), and Zoom Video Communications. The Motley Fool owns shares of and recommends Accenture, Alphabet (A shares), Alphabet (C shares), Facebook, Square, Twitter, and Zoom Video Communications. The Motley Fool recommends Delta Air Lines and Southwest Airlines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this episode of MarketFoolery, Chris Hill chats with Motley Fool analyst Tim Beyers about the latest headlines and earning reports from Wall Street. Hill: Boeing is reportedly hiring up to 160 pilots that it will embed at airlines to ensure a smooth comeback for the 737 MAX jet, when it returns to service. So, part of the reason that Airbus, I think, is suffering is because there may be a little bit a glut, in terms of equipment, and people are going to ease back into the 737 MAX.
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In this episode of MarketFoolery, Chris Hill chats with Motley Fool analyst Tim Beyers about the latest headlines and earning reports from Wall Street. Tim Beyers owns shares of Alphabet (A shares), Alphabet (C shares), and Zoom Video Communications. The Motley Fool owns shares of and recommends Accenture, Alphabet (A shares), Alphabet (C shares), Facebook, Square, Twitter, and Zoom Video Communications.
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Hill: When looking at the airline industry writ large -- I'm including the airlines, I'm including Boeing and Airbus -- where do you think the signal is going to come in 2021 that, I don't want to say everybody is in the clear, but that, OK, now we're looking at an industry on the uptick? Hill: As always, people on the program may have interest in the stocks they talk about, and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. The Motley Fool owns shares of and recommends Accenture, Alphabet (A shares), Alphabet (C shares), Facebook, Square, Twitter, and Zoom Video Communications.
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Beyers: No, I think it's going to come from the airlines. I think, for Twitter, this is one of the reasons I don't own the stock. You could have free Twitter and you could have a subscription Twitter.
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4866.0
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2020-12-22 00:00:00 UTC
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American Airlines begins return of workers after payroll relief
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AAL
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https://www.nasdaq.com/articles/american-airlines-begins-return-of-workers-after-payroll-relief-2020-12-22-0
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Adds context
CHICAGO, Dec 22 (Reuters) - American Airlines AAL.O is beginning the phased return of furloughed workers after Congress passed a COVID-19 aid package with $15 billion in payroll support for airlines, its executives said in a staff memo on Tuesday.
"While pay and benefits will be restored right away, people will be asked to return to the operation in phases," CEO Doug Parker and President Robert Isom said in the memo, released by American.
Air passenger traffic is down by about 70% versus a year ago as the coronavirus pandemic continues to wreak havoc on the travel industry.
American, which stands to receive roughly $3 billion for payroll expenses through March, 2021, said the relief would help airlines serve passengers on the other side of the pandemic, and in the nearer term, aid in the distribution of COVID-19 vaccines and other critical supplies.
Airlines have said they do not expect a robust travel recovery until vaccines or treatments are widely available.
American furloughed nearly 19,000 employees when a first round of payroll aid for airlines expired in October, including more than 1,200 pilots.
(Reporting by Tracy Rucinski Editing by Chris Reese and Philippa Fletcher)
((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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Adds context CHICAGO, Dec 22 (Reuters) - American Airlines AAL.O is beginning the phased return of furloughed workers after Congress passed a COVID-19 aid package with $15 billion in payroll support for airlines, its executives said in a staff memo on Tuesday. "While pay and benefits will be restored right away, people will be asked to return to the operation in phases," CEO Doug Parker and President Robert Isom said in the memo, released by American. Air passenger traffic is down by about 70% versus a year ago as the coronavirus pandemic continues to wreak havoc on the travel industry.
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Adds context CHICAGO, Dec 22 (Reuters) - American Airlines AAL.O is beginning the phased return of furloughed workers after Congress passed a COVID-19 aid package with $15 billion in payroll support for airlines, its executives said in a staff memo on Tuesday. American, which stands to receive roughly $3 billion for payroll expenses through March, 2021, said the relief would help airlines serve passengers on the other side of the pandemic, and in the nearer term, aid in the distribution of COVID-19 vaccines and other critical supplies. American furloughed nearly 19,000 employees when a first round of payroll aid for airlines expired in October, including more than 1,200 pilots.
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Adds context CHICAGO, Dec 22 (Reuters) - American Airlines AAL.O is beginning the phased return of furloughed workers after Congress passed a COVID-19 aid package with $15 billion in payroll support for airlines, its executives said in a staff memo on Tuesday. American, which stands to receive roughly $3 billion for payroll expenses through March, 2021, said the relief would help airlines serve passengers on the other side of the pandemic, and in the nearer term, aid in the distribution of COVID-19 vaccines and other critical supplies. (Reporting by Tracy Rucinski Editing by Chris Reese and Philippa Fletcher) ((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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Adds context CHICAGO, Dec 22 (Reuters) - American Airlines AAL.O is beginning the phased return of furloughed workers after Congress passed a COVID-19 aid package with $15 billion in payroll support for airlines, its executives said in a staff memo on Tuesday. "While pay and benefits will be restored right away, people will be asked to return to the operation in phases," CEO Doug Parker and President Robert Isom said in the memo, released by American. Air passenger traffic is down by about 70% versus a year ago as the coronavirus pandemic continues to wreak havoc on the travel industry.
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4867.0
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2020-12-22 00:00:00 UTC
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4 Popular Robinhood Stocks That May Lose 50% (or More) in 2021
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AAL
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https://www.nasdaq.com/articles/4-popular-robinhood-stocks-that-may-lose-50-or-more-in-2021-2020-12-22
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In just nine days, we'll close the curtain on one of the craziest years in history. The broad-based S&P 500 endured a record-setting bear market decline of 34% in under five weeks. The index then made history by taking less than five months to post new highs after hitting a bear market bottom.
Millennial investors have loved every minute of it. We know this because online investing app Robinhood has added millions of new users in 2020. The average age of its user base is only 31.
Robinhood's commission-free trades, fractional share investing, and gifting of free shares of stock to new members all incentivize young people to put their money to work in the greatest wealth creator on the planet. Unfortunately, the platform hasn't done a good job of educating its users about the benefits of long-term investing and compounding. As a result, Robinhood's leaderboard -- the 100-most-held stock on the platform -- is a smorgasbord of terrible businesses.
The following four popular Robinhood stocks are companies that I believe have the potential to lose 50% or more in 2021.
Image source: Getty Images.
NIO
Electric-vehicle (EV) manufacturer NIO (NYSE: NIO) has had a stellar year. NIO's approximately 22,500 EV SUV deliveries between April 1 and Sept. 30 outpaced the total number of deliveries for the entirety of 2019. Further, the company has allayed cash concerns by raising capital. It's creating plenty of buzz with its battery-as-a-service subscription model that reduces upfront vehicle cost in exchange for a long-term monthly subscription fee.
But NIO and its $73 billion market cap have some huge shoes to fill. After all, even with production capacity increased, the company is on track for an annual run-rate output of maybe 50,000 to 60,000 EVs. By comparison, some traditional auto stocks have been around for over a century, are investing billions in EV and autonomous technology, and can produce millions of vehicles annually -- yet have a smaller market cap than NIO.
The other potential concern is that NIO relies on its partnership with JAC Motors to boost production capacity to an estimated 150,000 units in 2021. NIO's plans to build its own production factory fell through in early 2019 due to cost restrictions. In other words, NIO's fate isn't entirely in its hands, which is a bit concerning for a $73 billion company.
Image source: American Airlines.
American Airlines Group
It's one of life's greatest mysteries: Why do millennial and novice investors like American Airlines Group (NASDAQ: AAL) stock? Although it's a brand-name airline stock and it's down significantly over the past three years, there aren't any redeeming qualities that should have young people champing at the bit to invest in American Airlines.
Easily the biggest issue for the company is its outstanding debt. American Airlines was, thankfully, the recipient of a coronavirus disease 2019 (COVID-19) relief loan, and has taken the initiative to raise additional capital to navigate its way through the pandemic. But as of the end of September, it had nearly $33 billion in net debt and $41.2 billion in total debt. Even if the company survives the pandemic, servicing this debt will cripple its financial flexibility for a long time to come.
Additionally, American Airlines was required to suspend its share buybacks and dividend payout in return for accepting a COVID-19 relief loan. This is a company that operates in a capital-intensive, low-margin industry, and it now has no capital return program whatsoever. It's unquestionably the worst company in the industry and could still have plenty of downside.
Image source: Getty Images.
Aurora Cannabis
The North American cannabis industry is starting to catch fire, but it doesn't mean every company will be a winner. If we've learned anything over the last couple of years, it's that Aurora Cannabis (NYSE: ACB) has little regard for its shareholders, and it's unlikely to be a winner.
The single biggest reason investors should keep their distance from Aurora Cannabis is the company's ongoing share-based dilution. Since April 2019, Aurora's board has approved and completed separate at-the-market (ATM) share offerings of $400 million and $250 million. It is now working on a $500 million ATM offering. This company has also funded more than a dozen acquisitions with its common stock. In total, Aurora's outstanding share count has ballooned by over 11,800% in six-plus years.
Another issue is that management (old and new) continues to kick the can further down the road when it comes to hitting positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Achieving positive EBITDA is critical to not violating the company's debt covenant.
Even if cannabis is a hot investment in 2021, Aurora Cannabis looks as if it'll go up in smoke.
Image source: Getty Images.
Moderna
Another ultrapopular Robinhood stock that could potentially lose half its value in 2021 is clinical-stage drug developer Moderna (NASDAQ: MRNA).
I know what you're probably thinking: Am I crazy? After all, Moderna's COVID-19 vaccine candidate, mRNA-1273, has produced the second-highest vaccine efficacy to date (94.1%), and arguably has the best safety profile of the three late-stage candidates we thus far have data on. On Dec. 18, the Food and Drug Administration granted emergency use authorization to mRNA-1273.
But there are a couple of big challenges that await Moderna. For example, Johnson & Johnson (NYSE: JNJ) should be reporting interim efficacy data for its COVID-19 vaccine candidate sometime in January. Johnson & Johnson's vaccine is only administered in one dose, as opposed to two doses for all other late-stage candidates, including Moderna. If Johnson & Johnson is able to deliver a vaccine efficacy north of 90%, Moderna's vaccine could quickly be deemed obsolete.
Also, the vaccine space should grow more crowded over time. There are around two dozen coronavirus vaccines in development, which suggests that Moderna's share of the market will only shrink after 2021.
Suffice it to say that the upcoming year could be rough for one of the standout healthcare stocks of 2020.
10 stocks we like better than Moderna INC
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Sean Williams has no position in any of the stocks mentioned. The Motley Fool recommends Johnson & Johnson. 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 It's one of life's greatest mysteries: Why do millennial and novice investors like American Airlines Group (NASDAQ: AAL) stock? By comparison, some traditional auto stocks have been around for over a century, are investing billions in EV and autonomous technology, and can produce millions of vehicles annually -- yet have a smaller market cap than NIO. American Airlines was, thankfully, the recipient of a coronavirus disease 2019 (COVID-19) relief loan, and has taken the initiative to raise additional capital to navigate its way through the pandemic.
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American Airlines Group It's one of life's greatest mysteries: Why do millennial and novice investors like American Airlines Group (NASDAQ: AAL) stock? Aurora Cannabis The North American cannabis industry is starting to catch fire, but it doesn't mean every company will be a winner. If Johnson & Johnson is able to deliver a vaccine efficacy north of 90%, Moderna's vaccine could quickly be deemed obsolete.
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American Airlines Group It's one of life's greatest mysteries: Why do millennial and novice investors like American Airlines Group (NASDAQ: AAL) stock? By comparison, some traditional auto stocks have been around for over a century, are investing billions in EV and autonomous technology, and can produce millions of vehicles annually -- yet have a smaller market cap than NIO. Although it's a brand-name airline stock and it's down significantly over the past three years, there aren't any redeeming qualities that should have young people champing at the bit to invest in American Airlines.
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American Airlines Group It's one of life's greatest mysteries: Why do millennial and novice investors like American Airlines Group (NASDAQ: AAL) stock? We know this because online investing app Robinhood has added millions of new users in 2020. Image source: American Airlines.
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4868.0
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2020-12-22 00:00:00 UTC
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Pre-Market Most Active for Dec 22, 2020 : JG, AMTX, CLA, AAPL, VLDR, FIT, AAL, NIO, AZN, PLTR, WMB, FUBO
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-22-2020-%3A-jg-amtx-cla-aapl-vldr-fit-aal-nio-azn-pltr-wmb
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The NASDAQ 100 Pre-Market Indicator is up 74.81 to 12,765.07. The total Pre-Market volume is currently 41,601,382 shares traded.
The following are the most active stocks for the pre-market session:
Aurora Mobile Limited (JG) is +3.06 at $6.25, with 11,885,005 shares traded.
Aemetis, Inc (AMTX) is +1.46 at $3.82, with 3,878,267 shares traded. As reported by Zacks, the current mean recommendation for AMTX is in the "strong buy range".
Colonnade Acquisition Corp. (CLA) is +4 at $14.08, with 2,957,581 shares traded.
Apple Inc. (AAPL) is +3.6298 at $131.86, with 2,837,833 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Velodyne Lidar, Inc. (VLDR) is +3.22 at $27.90, with 2,258,997 shares traded. As reported by Zacks, the current mean recommendation for VLDR is in the "strong buy range".
Fitbit, Inc. (FIT) is -0.47 at $6.77, with 2,063,795 shares traded. FIT's current last sale is 92.11% of the target price of $7.35.
American Airlines Group, Inc. (AAL) is +0.23 at $16.33, with 1,711,292 shares traded. AAL's current last sale is 163.3% of the target price of $10.
NIO Inc. (NIO) is +0.79 at $49.74, with 1,626,348 shares traded. NIO's current last sale is 150.73% of the target price of $33.
Astrazeneca PLC (AZN) is -0.26 at $49.42, with 1,405,294 shares traded. As reported by Zacks, the current mean recommendation for AZN is in the "buy range".
Palantir Technologies Inc. (PLTR) is +0.99 at $29.50, with 1,306,774 shares traded. PLTR's current last sale is 203.45% of the target price of $14.5.
Williams Companies, Inc. (The) (WMB) is unchanged at $20.70, with 1,144,644 shares traded. As reported by Zacks, the current mean recommendation for WMB is in the "buy range".
fuboTV Inc. (FUBO) is +8.34 at $57.82, with 958,795 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 +0.23 at $16.33, with 1,711,292 shares traded. AAL's current last sale is 163.3% of the target price of $10. As reported by Zacks, the current mean recommendation for AMTX is in the "strong buy range".
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American Airlines Group, Inc. (AAL) is +0.23 at $16.33, with 1,711,292 shares traded. AAL's current last sale is 163.3% of the target price of $10. As reported by Zacks, the current mean recommendation for AMTX is in the "strong buy range".
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American Airlines Group, Inc. (AAL) is +0.23 at $16.33, with 1,711,292 shares traded. AAL's current last sale is 163.3% of the target price of $10. The total Pre-Market volume is currently 41,601,382 shares traded.
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American Airlines Group, Inc. (AAL) is +0.23 at $16.33, with 1,711,292 shares traded. AAL's current last sale is 163.3% of the target price of $10. The NASDAQ 100 Pre-Market Indicator is up 74.81 to 12,765.07.
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4869.0
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2020-12-22 00:00:00 UTC
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American Airlines begins return of workers after payroll relief
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AAL
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https://www.nasdaq.com/articles/american-airlines-begins-return-of-workers-after-payroll-relief-2020-12-22
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CHICAGO, Dec 22 (Reuters) - American Airlines AAL.O is beginning the phased return of furloughed workers after Congress passed a massive COVID-19 aid package with $15 billion in payroll support for airlines, its executives said in a staff memo on Tuesday.
"While pay and benefits will be restored right away, people will be asked to return to the operation in phases," CEO Doug Parker and President Robert Isom said in the memo, released by American.
(Reporting by Tracy Rucinski Editing by Chris Reese)
((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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CHICAGO, Dec 22 (Reuters) - American Airlines AAL.O is beginning the phased return of furloughed workers after Congress passed a massive COVID-19 aid package with $15 billion in payroll support for airlines, its executives said in a staff memo on Tuesday. "While pay and benefits will be restored right away, people will be asked to return to the operation in phases," CEO Doug Parker and President Robert Isom said in the memo, released by American. (Reporting by Tracy Rucinski Editing by Chris Reese) ((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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CHICAGO, Dec 22 (Reuters) - American Airlines AAL.O is beginning the phased return of furloughed workers after Congress passed a massive COVID-19 aid package with $15 billion in payroll support for airlines, its executives said in a staff memo on Tuesday. "While pay and benefits will be restored right away, people will be asked to return to the operation in phases," CEO Doug Parker and President Robert Isom said in the memo, released by American. (Reporting by Tracy Rucinski Editing by Chris Reese) ((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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CHICAGO, Dec 22 (Reuters) - American Airlines AAL.O is beginning the phased return of furloughed workers after Congress passed a massive COVID-19 aid package with $15 billion in payroll support for airlines, its executives said in a staff memo on Tuesday. "While pay and benefits will be restored right away, people will be asked to return to the operation in phases," CEO Doug Parker and President Robert Isom said in the memo, released by American. (Reporting by Tracy Rucinski Editing by Chris Reese) ((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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CHICAGO, Dec 22 (Reuters) - American Airlines AAL.O is beginning the phased return of furloughed workers after Congress passed a massive COVID-19 aid package with $15 billion in payroll support for airlines, its executives said in a staff memo on Tuesday. "While pay and benefits will be restored right away, people will be asked to return to the operation in phases," CEO Doug Parker and President Robert Isom said in the memo, released by American. (Reporting by Tracy Rucinski Editing by Chris Reese) ((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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4870.0
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2020-12-21 00:00:00 UTC
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U.S. airlines prepare employee recalls as relief nears; United calls them 'temporary'
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https://www.nasdaq.com/articles/u.s.-airlines-prepare-employee-recalls-as-relief-nears-united-calls-them-temporary-2020-12
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By Tracy Rucinski and David Shepardson
CHICAGO/WASHINGTON, Dec 21 (Reuters) - American Airlines AAL.O and United Airlines UAL.O said on Monday they were preparing to recall tens of thousands of furloughed employees as they awaited lawmakers' approval of a fresh $15 billion in payroll support under a broader COVID-19 relief package.
But in a staff memo, United executives warned that it expects the recall will be "temporary" as travel demand remains depressed. The relief would cover employee payroll costs until March 31, 2021.
"The truth is, we just don't see anything in the data that shows a huge difference in bookings over the next few months," CEO Scott Kirby and President Brett Hart said in the memo, released by United.
Wrestling with a sharp downturn in travel demand amid the pandemic, American and United together furloughed more than 32,000 workers in October, when an initial $25 billion to cover six months of airline workers' salaries expired.
The House of Representatives and Senate were aiming to pass a bipartisan $900 billion coronavirus aid package before the end of the day.
The $15 billion earmarked for airlines requires all furloughed workers to be recalled and receive their full salaries from Dec. 1 through March 31, 2021.
"We are already starting to work through the details of how we will bring back team members, but we’re not over the finish line yet," American CEO Doug Parker and President Robert Isom said in a memo, adding that they hoped employees would receive paychecks by Dec. 24.
The terms of the new assistance program mirror the initial package passed by Congress in March, which required larger airlines to repay 30% of the payroll grants over time and offer the government warrants.
It also requires airlines to resume flying to some routes stopped after the first package expires, and gives the Transportation secretary authority until March 1, 2022 to require flights to small and remote communities that airlines served before the pandemic.
(Reporting by Tracy Rucinski and David Shepardson; Editing by Dan Grebler)
((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 David Shepardson CHICAGO/WASHINGTON, Dec 21 (Reuters) - American Airlines AAL.O and United Airlines UAL.O said on Monday they were preparing to recall tens of thousands of furloughed employees as they awaited lawmakers' approval of a fresh $15 billion in payroll support under a broader COVID-19 relief package. "The truth is, we just don't see anything in the data that shows a huge difference in bookings over the next few months," CEO Scott Kirby and President Brett Hart said in the memo, released by United. "We are already starting to work through the details of how we will bring back team members, but we’re not over the finish line yet," American CEO Doug Parker and President Robert Isom said in a memo, adding that they hoped employees would receive paychecks by Dec. 24.
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By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, Dec 21 (Reuters) - American Airlines AAL.O and United Airlines UAL.O said on Monday they were preparing to recall tens of thousands of furloughed employees as they awaited lawmakers' approval of a fresh $15 billion in payroll support under a broader COVID-19 relief package. Wrestling with a sharp downturn in travel demand amid the pandemic, American and United together furloughed more than 32,000 workers in October, when an initial $25 billion to cover six months of airline workers' salaries expired. The $15 billion earmarked for airlines requires all furloughed workers to be recalled and receive their full salaries from Dec. 1 through March 31, 2021.
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By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, Dec 21 (Reuters) - American Airlines AAL.O and United Airlines UAL.O said on Monday they were preparing to recall tens of thousands of furloughed employees as they awaited lawmakers' approval of a fresh $15 billion in payroll support under a broader COVID-19 relief package. Wrestling with a sharp downturn in travel demand amid the pandemic, American and United together furloughed more than 32,000 workers in October, when an initial $25 billion to cover six months of airline workers' salaries expired. It also requires airlines to resume flying to some routes stopped after the first package expires, and gives the Transportation secretary authority until March 1, 2022 to require flights to small and remote communities that airlines served before the pandemic.
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By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, Dec 21 (Reuters) - American Airlines AAL.O and United Airlines UAL.O said on Monday they were preparing to recall tens of thousands of furloughed employees as they awaited lawmakers' approval of a fresh $15 billion in payroll support under a broader COVID-19 relief package. Wrestling with a sharp downturn in travel demand amid the pandemic, American and United together furloughed more than 32,000 workers in October, when an initial $25 billion to cover six months of airline workers' salaries expired. The $15 billion earmarked for airlines requires all furloughed workers to be recalled and receive their full salaries from Dec. 1 through March 31, 2021.
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4871.0
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2020-12-21 00:00:00 UTC
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7 Cyclical Stocks With Pent-Up Demand
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https://www.nasdaq.com/articles/7-cyclical-stocks-with-pent-up-demand-2020-12-21
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The U.S. stock market has rarely seemed more out of touch with reality. Mega-capitalization tech stocks have continued to soar amidst the coronavirus pandemic, confounding market analysts with their ever-growing valuations.
As 2021 approaches, however, markets have started to regain their sanity. Since September, growth stocks have mostly traded flat while cyclical stocks have embarked on a belated recovery. The pattern looks set to continue through next year as cyclical stocks with pent-up demand begin to recover.
However, choosing cyclical stocks can be a dangerous game — weaker firms have a nasty habit of going bankrupt in bad times. Just ask Bear Stearns or American Airlines (NASDAQ:AAL) in 2008. That means investors need to prioritize balance sheet strength as well as potential gains.
7 Christmas Stocks to Buy for Happy Holidays
With that, here are seven cyclical stocks with both pent-up demand and solid underlying strength:
Airbnb (NASDAQ:ABNB)
General Electric (NYSE:GE)
Boeing (NYSE:BA)
Carnival (NYSE:CCL)
Delta (NYSE:DAL)
Booking Holdings (NASDAQ:BKNG)
Fiat Chrysler (NYSE:FCAU)
Cyclical Stocks with Pent-Up Demand: Airbnb (ABNB)
ABNB) app on a smartphone screen" width="300" height="169">
Source: BigTunaOnline / Shutterstock.com
Airbnb’s blockbuster IPO capped off the 2020 year with a bang — shares jumped 135% on its first trading day. Since then, however, prices have slipped 15% as insiders have begun unloading shares. This provides a golden opportunity to jump into a fantastic long-term company.
Airbnb operates in a relatively cyclical industry. Travel slumped during the 2008 financial crisis and then fell out of bed during the 2020 pandemic. Airbnb’s bookings also suffered; revenues bottomed out in Q2 at around a third of the prior year’s levels. Since then, Airbnb’s fortunes have diverged from other traditional hotel chains as “staycation” travelers have come back. Q3’s revenues have since recovered to 82% of 2019’s levels, versus just 43% for Marriott (NASDAQ:MAR).
Still, pent-up demand for destination and business travel will push Airbnb’s business back even stronger in 2021. Before the pandemic, companies had already been warming up Airbnb as a corporate travel option. And during the pandemic, people have put off significant vacations. So, once travel restrictions get lifted next year, investors can expect the home-sharing firm’s revenues to come roaring back even stronger than before.
General Electric (GE)
GE) logo on a building" width="300" height="169">
Source: Sundry Photography / Shutterstock.com
General Electric’s two crown jewels — jet engines and medical imaging devices — took a beating in 2020. With airlines grounding their fleets and hospitals prioritizing coronavirus care, the industrial stalwart saw demand hit with a one-two punch.
But pent-up demand should come back in 2021. As aircraft take back to the skies (particularly Boeing’s 737 Max), they will all need intensive servicing. The aircraft industry works on a razor-razorblade model; companies like General Electric sell engines at almost break-even prices and profit from high-margin servicing. With its growing backlog, GE looks set to recover better than before.
7 Canadian Stocks That Are the Feather in America's Hat
Its medical imaging segment will also benefit. As the coronavirus pandemic starts to fade, hospitals and medical centers will need to catch up on their delayed expenditures. MRI machines don’t last forever. And GE, which shares the market with Siemens (OTCMKTS:SIEGY), stands to benefit greatly.
Boeing (BA)
BA) airplane in a hanger." width="300" height="169">
Source: Alex JW Robinson / Shutterstock.com
For those with a great deal of patience, Boeing is one of several intriguing cyclical stocks. The company had already seen demand shrink with its 737 Max fiasco, but it took the coronavirus pandemic to make shares genuinely cheap.
So, why patience? Airlines don’t expect air travel to reach normalcy until 2022. And even then, Boeing’s backlog will take years to refill as it rehabilitates its brand image.
But then, there’s good news too. Boeing has an unbeatable duopoly in the large jet airliner market; upstarts like Brazil’s Embraer (NYSE:ERJ) and China’s Comac remain technologically far behind. And in the aircraft industry, where safety and fuel efficiency reign supreme, airlines have consistently decided its better to spend a little more today than risk disaster years down the road. Technological advantages are lifesavers in the world of cyclical industries. Banks are far more willing to lend to companies they know will eventually survive. And as the coronavirus pandemic shows, Boeing is one of those survivors.
Carnival (CCL)
CCL) cruise ship on water in front of beach with chairs" width="300" height="169">
Source: Flickr
Those with less patience should consider Carnival instead. The world’s largest cruise liner has seen demand for 2021 rebound faster than expected. In its third-quarter earnings call, CEO Arnold Donald revealed that reservations for the second half of 2021 were on the higher end of historical ranges. While 40% of those bookings were from future cruise credits (i.e., rebookings from past cancellations), “pent-up-demand” drove a significant number of new cruisers to the brand.
Carnival is also the best capitalized of the three cruise lines, which includes Norwegian (NYSE:NCLH) and Royal Caribbean (NYSE:RCL). Years of maintaining a conservative balance sheet are starting to pay off; the company now holds $8.2 billion in cash, or more than enough to last through 2021.
8 Game-Changing Stocks to Buy for Upside and Innovation
It won’t be completely smooth sailing, however. The 2020 pandemic has created a massive financial sinkhole that will take years to fill. But shares should recover as travelers look to take to the seas once again.
Delta (DAL)
Source: EQRoy / Shutterstock.com
For financial quality, Delta has long bested the other legacy carriers. Return on invested capital reached 7.6% in 2019, compared to 4.3% at American and 6.6% at United.
And in cyclical heavy-investment industries like aviation, financials matter. Delta stock is down just 29% for the year while United’s (NASDAQ:UAL) is down 47%. Old-time investors have a long memory of airline bankruptcies over the years.
Yet, the travel industry will eventually recover. And as it does, investors should consider buying Delta airlines for its incredible value. Shares trade at just 9.8x 2022 earnings (forward P/E), compared to 15x for Southwest (NYSE:LUV). Delta also looks like a beneficiary of the routes it runs. Unlike JetBlue (NASDAQ:JBLU), which relies on concentrated LA and NYC routes, Delta has a broader base of domestic and international routes to cushion future blows.
Booking Holdings (BKNG)
Source: Denys Prykhodov / Shutterstock.com
For years, Booking Holdings — the owner of Priceline, Kayak, and OpenTable — has sat on my “to-buy” list. But shares were too expensive; since peaking at 23 times EV-to-EBITDA in 2016, BKNG has underperformed the S&P 500 by over 20% as its sky-high valuation has come back to earth.
Travel, however, is a cyclical industry. And with the coronavirus pandemic hitting Priceline’s core business, investors now have a rare chance to buy a high-quality grower for cheap.
Booking.com works in the high-margin OTA (online travel agent) business, where it shares the market with U.S. based Expedia (NASDAQ:EXPE) and Singapore-based Trip.com (NASDAQ:TCOM). Margins are high; in Q3, Booking reported 30% net margins, making it even more profitable than Apple on a percentage basis.
The company also has a more resilient business model than its rivals. Expedia has already burned through almost $2 billion this year from paying out customer refunds. Booking, on the other hand, charges less in up-front fees, meaning there’s less to refund. The company saw its operating business add $4 billion in cash to its balance sheet.
9 Strong-Performing Stocks To Sell Before The End of The Year
Booking.com weathered the pandemic with a five-star rating. Let’s see how they’ll do when pent-up demand travel demand comes back in 2021.
Fiat Chrysler (FCAU)
Source: bondvit / Shutterstock.com
In the world of automotive M&A (mergers and acquisitions), the Fiat/Chrysler merger stands out as a rare success story. After acquiring Chrysler in 2009, CEO Sergio Marchionne astonished critics by successfully integrating its U.S. manufacturing with Fiat’s European home base. Michael Manley, who took over in 2018, has continued to build on that strength.
The company’s success has shined through both its financial statements and stock price. Its return on capital (ROC) sits at 8%, or three times higher than Ford’s (NYSE:F). And its stock has risen 42% in the last three months, far outpacing other Detroit automakers. Even better, Fiat Chrysler has one of the cheapest valuations in the industry. Its forward P/E ratio sits at 6.3 times.
Demand for autos is still low due to the coronavirus pandemic. A survey by McKinsey, a consulting firm, found purchase intent was still 14% below pre-Covid-19 levels this fall. As we move into 2021, Fiat Chrysler will discover plenty of pent-up demand to fill.
And with virtually all legacy automakers introducing electric vehicles of their own, demand for their products will unlikely fall to the wayside anytime soon.
On the date of publication, Tom Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tom Yeung, CFA, is a registered investment advisor on a mission to bring simplicity to the world of investing
The post 7 Cyclical Stocks With Pent-Up Demand 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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Just ask Bear Stearns or American Airlines (NASDAQ:AAL) in 2008. The aircraft industry works on a razor-razorblade model; companies like General Electric sell engines at almost break-even prices and profit from high-margin servicing. Boeing has an unbeatable duopoly in the large jet airliner market; upstarts like Brazil’s Embraer (NYSE:ERJ) and China’s Comac remain technologically far behind.
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Just ask Bear Stearns or American Airlines (NASDAQ:AAL) in 2008. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The U.S. stock market has rarely seemed more out of touch with reality. 7 Christmas Stocks to Buy for Happy Holidays With that, here are seven cyclical stocks with both pent-up demand and solid underlying strength: Airbnb (NASDAQ:ABNB) General Electric (NYSE:GE) Boeing (NYSE:BA) Carnival (NYSE:CCL) Delta (NYSE:DAL) Booking Holdings (NASDAQ:BKNG) Fiat Chrysler (NYSE:FCAU) Cyclical Stocks with Pent-Up Demand: Airbnb (ABNB) ABNB) app on a smartphone screen" width="300" height="169"> Source: BigTunaOnline / Shutterstock.com Airbnb’s blockbuster IPO capped off the 2020 year with a bang — shares jumped 135% on its first trading day.
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Just ask Bear Stearns or American Airlines (NASDAQ:AAL) in 2008. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The U.S. stock market has rarely seemed more out of touch with reality. The pattern looks set to continue through next year as cyclical stocks with pent-up demand begin to recover.
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Just ask Bear Stearns or American Airlines (NASDAQ:AAL) in 2008. 7 Christmas Stocks to Buy for Happy Holidays With that, here are seven cyclical stocks with both pent-up demand and solid underlying strength: Airbnb (NASDAQ:ABNB) General Electric (NYSE:GE) Boeing (NYSE:BA) Carnival (NYSE:CCL) Delta (NYSE:DAL) Booking Holdings (NASDAQ:BKNG) Fiat Chrysler (NYSE:FCAU) Cyclical Stocks with Pent-Up Demand: Airbnb (ABNB) ABNB) app on a smartphone screen" width="300" height="169"> Source: BigTunaOnline / Shutterstock.com Airbnb’s blockbuster IPO capped off the 2020 year with a bang — shares jumped 135% on its first trading day. And as it does, investors should consider buying Delta airlines for its incredible value.
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2020-12-21 00:00:00 UTC
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British Airways, Delta will screen JFK-bound passengers from Britain for coronavirus
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https://www.nasdaq.com/articles/british-airways-delta-will-screen-jfk-bound-passengers-from-britain-for-coronavirus-2020
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By Jonathan Allen, David Shepardson and Tracy Rucinski
NEW YORK, Dec 21 (Reuters) - British Airways and Delta Air Lines DAL.N will only allow passengers who test negative for the coronavirus to fly to New York's John F. Kennedy International Airport following the emergence of a highly infectious new strain, New York's governor and the airlines said on Monday.
Governor Andrew Cuomo said he had also asked Virgin Atlantic [RIC:RIC:VA.UL] to voluntarily agree to screen passengers on flights to Kennedy airport, saying scores of countries, though not the United States, had already placed restrictions on British travelers.
"If they do not agree voluntarily, then New York State will pursue other options," Cuomo said. British Airways would begin the screening on Tuesday, he said.
Both Delta and British Airways confirmed they had agreed to the new screening.
Virgin did not respond to a request for comment. The airline said early on Monday that it had suspended flights to some destinations, but it was unclear if New York was included.
Dozens of countries closed their borders to Britain on Monday over fears of a highly infectious new coronavirus strain, causing travel chaos.
Cuomo, who shares oversight of the airport through the state agency the Port Authority of New York and New Jersey, has said the U.S. government should also stop flights from Britain, though he acknowledged that may come too late to prevent the spread of the new strain.
"I believe intuitively it's already here," he said, "because if it's been flying around the world, it's been here."
The White House coronavirus task force is set to meet on Monday afternoon and will discuss the possibility of temporarily halting inbound passenger flights from the United Kingdom.
U.S. airlines have already drastically scaled back flying to the United Kingdom, as well as the rest of Europe: American Airlines AAL.O, for example, currently operates just one U.S. daily flight to London out of Dallas.
(Reporting by Jonathan Allen in New York, David Shepardson in Washington and Tracy Rucinski in Chicago; Writing by Jonathan Allen Editing by Chizu Nomiyama, Alistair Bell and Angus MacSwan)
((jonathan.allen@reuters.com; +1 646 223 5371; Reuters Messaging: jonathan.allen.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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U.S. airlines have already drastically scaled back flying to the United Kingdom, as well as the rest of Europe: American Airlines AAL.O, for example, currently operates just one U.S. daily flight to London out of Dallas. Dozens of countries closed their borders to Britain on Monday over fears of a highly infectious new coronavirus strain, causing travel chaos. Cuomo, who shares oversight of the airport through the state agency the Port Authority of New York and New Jersey, has said the U.S. government should also stop flights from Britain, though he acknowledged that may come too late to prevent the spread of the new strain.
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U.S. airlines have already drastically scaled back flying to the United Kingdom, as well as the rest of Europe: American Airlines AAL.O, for example, currently operates just one U.S. daily flight to London out of Dallas. By Jonathan Allen, David Shepardson and Tracy Rucinski NEW YORK, Dec 21 (Reuters) - British Airways and Delta Air Lines DAL.N will only allow passengers who test negative for the coronavirus to fly to New York's John F. Kennedy International Airport following the emergence of a highly infectious new strain, New York's governor and the airlines said on Monday. Governor Andrew Cuomo said he had also asked Virgin Atlantic [RIC:RIC:VA.UL] to voluntarily agree to screen passengers on flights to Kennedy airport, saying scores of countries, though not the United States, had already placed restrictions on British travelers.
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U.S. airlines have already drastically scaled back flying to the United Kingdom, as well as the rest of Europe: American Airlines AAL.O, for example, currently operates just one U.S. daily flight to London out of Dallas. By Jonathan Allen, David Shepardson and Tracy Rucinski NEW YORK, Dec 21 (Reuters) - British Airways and Delta Air Lines DAL.N will only allow passengers who test negative for the coronavirus to fly to New York's John F. Kennedy International Airport following the emergence of a highly infectious new strain, New York's governor and the airlines said on Monday. Governor Andrew Cuomo said he had also asked Virgin Atlantic [RIC:RIC:VA.UL] to voluntarily agree to screen passengers on flights to Kennedy airport, saying scores of countries, though not the United States, had already placed restrictions on British travelers.
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U.S. airlines have already drastically scaled back flying to the United Kingdom, as well as the rest of Europe: American Airlines AAL.O, for example, currently operates just one U.S. daily flight to London out of Dallas. By Jonathan Allen, David Shepardson and Tracy Rucinski NEW YORK, Dec 21 (Reuters) - British Airways and Delta Air Lines DAL.N will only allow passengers who test negative for the coronavirus to fly to New York's John F. Kennedy International Airport following the emergence of a highly infectious new strain, New York's governor and the airlines said on Monday. "If they do not agree voluntarily, then New York State will pursue other options," Cuomo said.
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4873.0
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2020-12-21 00:00:00 UTC
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Monday's ETF with Unusual Volume: SPYX
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AAL
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https://www.nasdaq.com/articles/mondays-etf-with-unusual-volume%3A-spyx-2020-12-21
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nan
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nan
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Monday, with over 606,000 shares traded versus three month average volume of about 54,000. Shares of SPYX were down about 1.5% on the day.
Components of that ETF with the highest volume on Monday were American Airlines Group, trading off about 3.4% with over 50.0 million shares changing hands so far this session, and Apple, down about 1.2% on volume of over 48.5 million shares. Goldman Sachs Group is the component faring the best Monday, higher by about 6.3% on the day, while Carnival is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.6%.
VIDEO: Monday's ETF with Unusual Volume: SPYX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Monday, with over 606,000 shares traded versus three month average volume of about 54,000. Components of that ETF with the highest volume on Monday were American Airlines Group, trading off about 3.4% with over 50.0 million shares changing hands so far this session, and Apple, down about 1.2% on volume of over 48.5 million shares. Goldman Sachs Group is the component faring the best Monday, higher by about 6.3% on the day, while Carnival is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.6%.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Monday, with over 606,000 shares traded versus three month average volume of about 54,000. Goldman Sachs Group is the component faring the best Monday, higher by about 6.3% on the day, while Carnival is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.6%. VIDEO: Monday's ETF with Unusual Volume: SPYX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Monday, with over 606,000 shares traded versus three month average volume of about 54,000. Components of that ETF with the highest volume on Monday were American Airlines Group, trading off about 3.4% with over 50.0 million shares changing hands so far this session, and Apple, down about 1.2% on volume of over 48.5 million shares. Goldman Sachs Group is the component faring the best Monday, higher by about 6.3% on the day, while Carnival is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.6%.
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Components of that ETF with the highest volume on Monday were American Airlines Group, trading off about 3.4% with over 50.0 million shares changing hands so far this session, and Apple, down about 1.2% on volume of over 48.5 million shares. Goldman Sachs Group is the component faring the best Monday, higher by about 6.3% on the day, while Carnival is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.6%. VIDEO: Monday's ETF with Unusual Volume: SPYX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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4874.0
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2020-12-21 00:00:00 UTC
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US STOCKS-Wall Street set to drop on fears over new coronavirus strain
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-street-set-to-drop-on-fears-over-new-coronavirus-strain-2020-12-21
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nan
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nan
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For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window.
Travel stocks lead declines on disruption fears
Big banks jump after Fed's stress test results
U.S. Congress set to vote on $900 bln relief bill
Tesla slips from record high ahead of S&P 500 debut
Futures down: Dow 1.69%, S&P 1.90%, Nasdaq 1.18%
Adds comment; updates share prices
By Ambar Warrick and Devik Jain
Dec 21 (Reuters) - Wall Street's main indexes were set to fall from record levels on Monday, with travel stocks leading declines, as concerns over a new strain of the coronavirus in Britain prompted investors to lock in profits.
The strain, which is said to be up to 70% more transmissible than the original, forced major European countries to shut their borders with the UK and sowed fears of further economic disruptions.
Airline stocks tumbled in trading before the bell, with United Airlines Holdings Inc UAL.O, Delta Air Lines Inc DAL.N and American Airlines Group Inc AAL.O, falling between 3.7% and 4.4%.
Cruise operators Royal Caribbean Cruises Ltd RCL.N, Carnival Corp CCL.N and Norwegian Cruise Line Holdings LtdNCLH.N also fell between 5.8% and 7.6%.
"Profit-taking could be a part of it ... people get nervous because of the new strain. You're seeing people reacting, rather than thinking first," said Robert Pavlik, senior portfolio manager at Dakota Wealth in New York.
The CBOE Volatility Index .VIX, also known as Wall Street's "fear gauge", jumped 29.7 points to its highest level since early November.
At 8:23 a.m. ET, Dow e-minis 1YMcv1 were down 508 points, or 1.69%, S&P 500 e-minis EScv1 were down 70.25 points, or 1.9%, and Nasdaq 100 e-minis NQcv1 were down 150 points, or 1.18%.
U.S. congressional leaders were poised to vote on a $900 billion stimulus package to provide fresh aid to the virus-stricken economy. Optimism over the bill had seen Wall Street indexes reach record highs last week.
Goldman Sachs GS.N, Citigroup Inc C.N, Morgan Stanley MS.N, Bank of America Corp BAC.N and JPMorgan Chase & Co JPM.N rose between 1% and 3.3% after the Federal Reserve permitted major lenders to pay out dividends and buy back stock on a limited basis following a stress test.
Nike Inc NKE.N gained 5.9% amid a series of price target hikes on the stock after the athletic apparel maker raised its full-year revenue forecast. The stock was among the biggest gainers on the Dow in premarket trade.
Electric-car maker Tesla Inc TSLA.O, which has soared more than 730% so far this year, slipped 4.5% ahead of its much anticipated debut into the benchmark S&P 500 index .SPX.
Lockheed Martin Corp LMT.N fell 0.9% after it agreed to buy U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc AJRD.N for $4.4 billion. Shares of Aerojet Rocketdyne were up 25.7%.
Planemaker Boeing Co BA.N slipped 4.7% on a U.S. Senate report that Boeing officials "inappropriately coached" test pilots during recertification efforts.
(Reporting by Devik Jain and Ambar Warrick in Bengaluru; Editing by Anil D'Silva)
((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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Airline stocks tumbled in trading before the bell, with United Airlines Holdings Inc UAL.O, Delta Air Lines Inc DAL.N and American Airlines Group Inc AAL.O, falling between 3.7% and 4.4%. Travel stocks lead declines on disruption fears Big banks jump after Fed's stress test results U.S. Congress set to vote on $900 bln relief bill Tesla slips from record high ahead of S&P 500 debut Futures down: Dow 1.69%, S&P 1.90%, Nasdaq 1.18% Adds comment; updates share prices By Ambar Warrick and Devik Jain Dec 21 (Reuters) - Wall Street's main indexes were set to fall from record levels on Monday, with travel stocks leading declines, as concerns over a new strain of the coronavirus in Britain prompted investors to lock in profits. Goldman Sachs GS.N, Citigroup Inc C.N, Morgan Stanley MS.N, Bank of America Corp BAC.N and JPMorgan Chase & Co JPM.N rose between 1% and 3.3% after the Federal Reserve permitted major lenders to pay out dividends and buy back stock on a limited basis following a stress test.
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Airline stocks tumbled in trading before the bell, with United Airlines Holdings Inc UAL.O, Delta Air Lines Inc DAL.N and American Airlines Group Inc AAL.O, falling between 3.7% and 4.4%. Travel stocks lead declines on disruption fears Big banks jump after Fed's stress test results U.S. Congress set to vote on $900 bln relief bill Tesla slips from record high ahead of S&P 500 debut Futures down: Dow 1.69%, S&P 1.90%, Nasdaq 1.18% Adds comment; updates share prices By Ambar Warrick and Devik Jain Dec 21 (Reuters) - Wall Street's main indexes were set to fall from record levels on Monday, with travel stocks leading declines, as concerns over a new strain of the coronavirus in Britain prompted investors to lock in profits. Optimism over the bill had seen Wall Street indexes reach record highs last week.
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Airline stocks tumbled in trading before the bell, with United Airlines Holdings Inc UAL.O, Delta Air Lines Inc DAL.N and American Airlines Group Inc AAL.O, falling between 3.7% and 4.4%. Travel stocks lead declines on disruption fears Big banks jump after Fed's stress test results U.S. Congress set to vote on $900 bln relief bill Tesla slips from record high ahead of S&P 500 debut Futures down: Dow 1.69%, S&P 1.90%, Nasdaq 1.18% Adds comment; updates share prices By Ambar Warrick and Devik Jain Dec 21 (Reuters) - Wall Street's main indexes were set to fall from record levels on Monday, with travel stocks leading declines, as concerns over a new strain of the coronavirus in Britain prompted investors to lock in profits. Goldman Sachs GS.N, Citigroup Inc C.N, Morgan Stanley MS.N, Bank of America Corp BAC.N and JPMorgan Chase & Co JPM.N rose between 1% and 3.3% after the Federal Reserve permitted major lenders to pay out dividends and buy back stock on a limited basis following a stress test.
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Airline stocks tumbled in trading before the bell, with United Airlines Holdings Inc UAL.O, Delta Air Lines Inc DAL.N and American Airlines Group Inc AAL.O, falling between 3.7% and 4.4%. Travel stocks lead declines on disruption fears Big banks jump after Fed's stress test results U.S. Congress set to vote on $900 bln relief bill Tesla slips from record high ahead of S&P 500 debut Futures down: Dow 1.69%, S&P 1.90%, Nasdaq 1.18% Adds comment; updates share prices By Ambar Warrick and Devik Jain Dec 21 (Reuters) - Wall Street's main indexes were set to fall from record levels on Monday, with travel stocks leading declines, as concerns over a new strain of the coronavirus in Britain prompted investors to lock in profits. The CBOE Volatility Index .VIX, also known as Wall Street's "fear gauge", jumped 29.7 points to its highest level since early November.
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4875.0
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2020-12-21 00:00:00 UTC
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Pre-Market Most Active for Dec 21, 2020 : AAL, CCL, NIO, SQQQ, AAPL, TSLA, PIC, RIG, BAC, QQQ, NCLH, FCEL
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-21-2020-%3A-aal-ccl-nio-sqqq-aapl-tsla-pic-rig-bac-qqq-nclh
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is down -143.38 to 12,594.8. The total Pre-Market volume is currently 40,632,591 shares traded.
The following are the most active stocks for the pre-market session:
American Airlines Group, Inc. (AAL) is -0.81 at $15.70, with 5,200,012 shares traded. AAL's current last sale is 157% of the target price of $10.
Carnival Corporation (CCL) is -1.57 at $19.89, with 3,269,060 shares traded. CCL's current last sale is 128.32% of the target price of $15.5.
NIO Inc. (NIO) is -1.64 at $45.08, with 2,804,979 shares traded. NIO's current last sale is 136.61% of the target price of $33.
ProShares UltraPro Short QQQ (SQQQ) is +0.5 at $16.35, with 2,522,695 shares traded. This represents a 1.24% increase from its 52 Week Low.
Apple Inc. (AAPL) is -1.825 at $124.83, with 2,488,279 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Tesla, Inc. (TSLA) is -31.15 at $663.85, with 1,948,825 shares traded., following a 52-week high recorded in prior regular session.
Pivotal Investment Corporation II (PIC) is +3.18 at $18.50, with 1,496,736 shares traded.
Transocean Ltd. (RIG) is -0.28 at $2.20, with 1,165,593 shares traded. RIG's current last sale is 176% of the target price of $1.25.
Bank of America Corporation (BAC) is +0.82 at $29.49, with 1,138,799 shares traded. BAC's current last sale is 106.27% of the target price of $27.75.
Invesco QQQ Trust, Series 1 (QQQ) is -3.2787 at $306.22, with 1,078,210 shares traded. This represents a 85.67% increase from its 52 Week Low.
Norwegian Cruise Line Holdings Ltd. (NCLH) is -1.79 at $23.39, with 1,063,925 shares traded. NCLH's current last sale is 129.94% of the target price of $18.
FuelCell Energy, Inc. (FCEL) is -0.34 at $8.96, with 909,075 shares traded. FCEL's current last sale is 132.74% of the target price of $6.75.
The views and 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 -0.81 at $15.70, with 5,200,012 shares traded. AAL's current last sale is 157% of the target price of $10. ProShares UltraPro Short QQQ (SQQQ) is +0.5 at $16.35, with 2,522,695 shares traded.
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AAL's current last sale is 157% of the target price of $10. American Airlines Group, Inc. (AAL) is -0.81 at $15.70, with 5,200,012 shares traded. CCL's current last sale is 128.32% of the target price of $15.5.
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American Airlines Group, Inc. (AAL) is -0.81 at $15.70, with 5,200,012 shares traded. AAL's current last sale is 157% of the target price of $10. The total Pre-Market volume is currently 40,632,591 shares traded.
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AAL's current last sale is 157% of the target price of $10. American Airlines Group, Inc. (AAL) is -0.81 at $15.70, with 5,200,012 shares traded. NIO's current last sale is 136.61% of the target price of $33.
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4876.0
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2020-12-21 00:00:00 UTC
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US STOCKS-Futures tumble on fears over new coronavirus strain
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AAL
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https://www.nasdaq.com/articles/us-stocks-futures-tumble-on-fears-over-new-coronavirus-strain-2020-12-21-0
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nan
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nan
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By Devik Jain and Ambar Warrick
Dec 21 (Reuters) - U.S. stock index futures tumbled on Monday as fears over a new strain of the coronavirus that has shut down much of Britain overshadowed a $900 billion stimulus package deal.
The strain, which is said to be up to 70% more transmissible than the original, forced major European countries to shut their borders with the UK and sowed fears of further economic disruptions.
Travel stocks fell in premarket trading, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O slumping between 4.8% and 5.3%. Cruise operators Royal Caribbean Cruises RCL.N, Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N fell between 8.4% and 9.5%.
The CBOE Volatility Index .VIX, also known as Wall Street's "fear gauge", jumped 29.7 points to its highest level since early November.
At 6:22 a.m. ET, Dow e-minis 1YMcv1 were down 588 points, or 1.95%, S&P 500 e-minis EScv1 were down 80.5 points, or 2.17%, and Nasdaq 100 e-minis NQcv1 were down 176.5 points, or 1.39%.
U.S. congressional leaders reached an agreement on Sunday on a $900 billion package to provide fresh aid to the virus-stricken economy, with the bill likely to be voted into effect later in the day. Optimism over the bill had seen Wall Street indexes reach record highs last week.
Bank of America Corp BAC.N, Morgan Stanley MS.N, Citigroup Inc C.N, Goldman Sachs GS.N JPMorgan Chase & Co JPM.N rose between 1.3% and 2.9% after the U.S. Federal Reserve highlighted strong capital levels at the banks in the results of its second "stress test" for 2020.
Electric-car maker Tesla Inc TSLA.O, which has soared more than 730% so far this year, fell 5.7% ahead of its much anticipated debut into the benchmark S&P 500 index .SPX.
Lockheed Martin Corp LMT.N fell 1.6% after it agreed to buy U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc AJRD.N for $4.4 billion. Shares of Aerojet Rocketdyne were up 27.3%.
Planemaker Boeing Co BA.N slipped 6.7% on a U.S. Senate report saying Boeing officials "inappropriately coached" test pilots during recertification efforts.
(Reporting by Devik Jain in Bengaluru; Editing by Anil D'Silva)
((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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Travel stocks fell in premarket trading, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O slumping between 4.8% and 5.3%. By Devik Jain and Ambar Warrick Dec 21 (Reuters) - U.S. stock index futures tumbled on Monday as fears over a new strain of the coronavirus that has shut down much of Britain overshadowed a $900 billion stimulus package deal. The strain, which is said to be up to 70% more transmissible than the original, forced major European countries to shut their borders with the UK and sowed fears of further economic disruptions.
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Travel stocks fell in premarket trading, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O slumping between 4.8% and 5.3%. Cruise operators Royal Caribbean Cruises RCL.N, Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N fell between 8.4% and 9.5%. ET, Dow e-minis 1YMcv1 were down 588 points, or 1.95%, S&P 500 e-minis EScv1 were down 80.5 points, or 2.17%, and Nasdaq 100 e-minis NQcv1 were down 176.5 points, or 1.39%.
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Travel stocks fell in premarket trading, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O slumping between 4.8% and 5.3%. By Devik Jain and Ambar Warrick Dec 21 (Reuters) - U.S. stock index futures tumbled on Monday as fears over a new strain of the coronavirus that has shut down much of Britain overshadowed a $900 billion stimulus package deal. Cruise operators Royal Caribbean Cruises RCL.N, Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N fell between 8.4% and 9.5%.
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Travel stocks fell in premarket trading, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O slumping between 4.8% and 5.3%. By Devik Jain and Ambar Warrick Dec 21 (Reuters) - U.S. stock index futures tumbled on Monday as fears over a new strain of the coronavirus that has shut down much of Britain overshadowed a $900 billion stimulus package deal. The CBOE Volatility Index .VIX, also known as Wall Street's "fear gauge", jumped 29.7 points to its highest level since early November.
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4877.0
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2020-12-21 00:00:00 UTC
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U.S. airline stocks fall as new COVID-19 strain fuels travel ban fears
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AAL
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https://www.nasdaq.com/articles/u.s.-airline-stocks-fall-as-new-covid-19-strain-fuels-travel-ban-fears-2020-12-21
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nan
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nan
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Dec 21 (Reuters) - Shares of U.S. airlines tumbled in premarket trading on Monday as a new fast-spreading COVID-19 strain in Britain renewed fears of widespread travel bans, with many countries barring flights from the United Kingdom ahead of the peak holiday season.
The news comes when U.S. carriers are burning $180 million in cash daily as passenger volumes remain down nearly 70% from year earlier levels due to the restrictions triggered by the pandemic.
Shares of Delta Air Lines DAL.N shed about 7%, while those of American Airlines AAL.O and United Airlines UAL.O fell about 6%. Southwest Airlines dropped about 5% in premarket trading.
The new strain, said to be up to 70% more transmissible than the original, has prompted Canada, Germany, Italy and the Netherlands to suspend flights from Britain, while France has also barred freight carriers.
Investors also shrugged off the $15 billion in new payroll assistance for U.S. airlines, expected to be finalised on Monday, as part of a new coronavirus aid.
Shares of other U.S. travel companies too were lower on Monday.
(Reporting by Rachit Vats in Bengaluru; Editing by Sriraj Kalluvila)
((Rachit.Vats@tr.com; Reuters Messaging: rachit.vats.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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Shares of Delta Air Lines DAL.N shed about 7%, while those of American Airlines AAL.O and United Airlines UAL.O fell about 6%. Dec 21 (Reuters) - Shares of U.S. airlines tumbled in premarket trading on Monday as a new fast-spreading COVID-19 strain in Britain renewed fears of widespread travel bans, with many countries barring flights from the United Kingdom ahead of the peak holiday season. The news comes when U.S. carriers are burning $180 million in cash daily as passenger volumes remain down nearly 70% from year earlier levels due to the restrictions triggered by the pandemic.
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Shares of Delta Air Lines DAL.N shed about 7%, while those of American Airlines AAL.O and United Airlines UAL.O fell about 6%. Dec 21 (Reuters) - Shares of U.S. airlines tumbled in premarket trading on Monday as a new fast-spreading COVID-19 strain in Britain renewed fears of widespread travel bans, with many countries barring flights from the United Kingdom ahead of the peak holiday season. Southwest Airlines dropped about 5% in premarket trading.
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Shares of Delta Air Lines DAL.N shed about 7%, while those of American Airlines AAL.O and United Airlines UAL.O fell about 6%. Dec 21 (Reuters) - Shares of U.S. airlines tumbled in premarket trading on Monday as a new fast-spreading COVID-19 strain in Britain renewed fears of widespread travel bans, with many countries barring flights from the United Kingdom ahead of the peak holiday season. (Reporting by Rachit Vats in Bengaluru; Editing by Sriraj Kalluvila) ((Rachit.Vats@tr.com; Reuters Messaging: rachit.vats.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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Shares of Delta Air Lines DAL.N shed about 7%, while those of American Airlines AAL.O and United Airlines UAL.O fell about 6%. Dec 21 (Reuters) - Shares of U.S. airlines tumbled in premarket trading on Monday as a new fast-spreading COVID-19 strain in Britain renewed fears of widespread travel bans, with many countries barring flights from the United Kingdom ahead of the peak holiday season. The news comes when U.S. carriers are burning $180 million in cash daily as passenger volumes remain down nearly 70% from year earlier levels due to the restrictions triggered by the pandemic.
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4878.0
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2020-12-21 00:00:00 UTC
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US STOCKS-Futures tumble on fears over new coronavirus strain
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AAL
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https://www.nasdaq.com/articles/us-stocks-futures-tumble-on-fears-over-new-coronavirus-strain-2020-12-21
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nan
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nan
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By Devik Jain and Ambar Warrick
Dec 21 (Reuters) - U.S. stock index futures tumbled on Monday as fears over a new strain of the coronavirus that has shut down much of Britain overshadowed a $900 billion stimulus package deal.
The strain, which is said to be up to 70% more transmissible than the original, forced major European countries to shut their borders with the UK and sowed fears of further economic disruptions.
Travel stocks fell in premarket trading, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O slumping between 4.8% and 5.3%. Cruise operators Royal Caribbean Cruises RCL.N, Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N fell between 8.4% and 9.5%.
The CBOE Volatility Index .VIX, also known as Wall Street's "fear gauge", jumped 29.7 points to its highest level since early November.
At 6:22 a.m. ET, Dow e-minis 1YMcv1 were down 588 points, or 1.95%, S&P 500 e-minis EScv1 were down 80.5 points, or 2.17%, and Nasdaq 100 e-minis NQcv1 were down 176.5 points, or 1.39%.
U.S. congressional leaders reached an agreement on Sunday on a $900 billion package to provide fresh aid to the virus-stricken economy, with the bill likely to be voted into effect later in the day. Optimism over the bill had seen Wall Street indexes reach record highs last week.
Bank of America Corp BAC.N, Morgan Stanley MS.N, Citigroup Inc C.N, Goldman Sachs GS.N JPMorgan Chase & Co JPM.N rose between 1.3% and 2.9% after the U.S. Federal Reserve highlighted strong capital levels at the banks in the results of its second "stress test" for 2020.
Electric-car maker Tesla Inc TSLA.O, which has soared more than 730% so far this year, fell 5.7% ahead of its much anticipated debut into the benchmark S&P 500 index .SPX.
Lockheed Martin Corp LMT.N fell 1.6% after it agreed to buy U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc AJRD.N for $4.4 billion. Shares of Aerojet Rocketdyne were up 27.3%.
Planemaker Boeing Co BA.N slipped 6.7% on a U.S. Senate report saying Boeing officials "inappropriately coached" test pilots during recertification efforts.
(Reporting by Devik Jain in Bengaluru; Editing by Anil D'Silva)
((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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Travel stocks fell in premarket trading, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O slumping between 4.8% and 5.3%. By Devik Jain and Ambar Warrick Dec 21 (Reuters) - U.S. stock index futures tumbled on Monday as fears over a new strain of the coronavirus that has shut down much of Britain overshadowed a $900 billion stimulus package deal. The strain, which is said to be up to 70% more transmissible than the original, forced major European countries to shut their borders with the UK and sowed fears of further economic disruptions.
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Travel stocks fell in premarket trading, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O slumping between 4.8% and 5.3%. Cruise operators Royal Caribbean Cruises RCL.N, Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N fell between 8.4% and 9.5%. ET, Dow e-minis 1YMcv1 were down 588 points, or 1.95%, S&P 500 e-minis EScv1 were down 80.5 points, or 2.17%, and Nasdaq 100 e-minis NQcv1 were down 176.5 points, or 1.39%.
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Travel stocks fell in premarket trading, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O slumping between 4.8% and 5.3%. By Devik Jain and Ambar Warrick Dec 21 (Reuters) - U.S. stock index futures tumbled on Monday as fears over a new strain of the coronavirus that has shut down much of Britain overshadowed a $900 billion stimulus package deal. Cruise operators Royal Caribbean Cruises RCL.N, Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N fell between 8.4% and 9.5%.
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Travel stocks fell in premarket trading, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O slumping between 4.8% and 5.3%. By Devik Jain and Ambar Warrick Dec 21 (Reuters) - U.S. stock index futures tumbled on Monday as fears over a new strain of the coronavirus that has shut down much of Britain overshadowed a $900 billion stimulus package deal. The CBOE Volatility Index .VIX, also known as Wall Street's "fear gauge", jumped 29.7 points to its highest level since early November.
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4879.0
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2020-12-19 00:00:00 UTC
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U.S. lawmakers make push for airplane certification reforms
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AAL
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https://www.nasdaq.com/articles/u.s.-lawmakers-make-push-for-airplane-certification-reforms-2020-12-19
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By David Shepardson
WASHINGTON, Dec 19 (Reuters) - U.S. lawmakers are making a final push in 2020 to win approval of landmark reforms to how the Federal Aviation Administration (FAA) certifies new airplanes in the wake of two fatal Boeing 737 MAX crashes, five people briefed on the matter said Saturday.
On Nov. 18, the Senate Commerce Committee unanimously passed a bill to reform how the FAA certifies new airplanes, grant new protections for whistleblowers and bolster misconduct investigations and discipline management at the FAA, among other reforms. The U.S. House of Representatives unanimously passed a similar bill the same week.
Lawmakers hope to attach significant reforms to a massive bill expected to be voted on in coming days that would provide about $900 billion in COVID-19 relief and fund the government's operations. One congressional aide said "House and Senate committee negotiators on that issue have gotten to a good place on it."
On Friday, Senate Commerce Republicans released a 102-page report that found Boeing BA.N officials "inappropriately coached" test pilots during recertification efforts after the 737 MAX crashes killed 346 people.
The committee said it appeared FAA and Boeing officials "were attempting to cover up important information that may have contributed to the 737 MAX tragedies."
Senate Commerce Chairman Roger Wicker said the report found "significant examples of lapses in aviation safety oversight and failed leadership in the FAA. It is clear that the agency requires consistent oversight to ensure their work to protect the flying public is executed fully and correctly."
The FAA said Friday it was "carefully reviewing the document, which the committee acknowledges contains a number of unsubstantiated allegations" and added it was confident safety issues in the two fatal Boeing crashes "have been addressed through the design changes required and independently approved by the FAA and its partners."
The COVID-19 bill is expected to provide $45 billion in transportation assistance.
Three congressional aides said Saturday funding is likely to include $15 billion for a four-month extension of passenger airlines payroll assistance, $14 billion for public transit agencies, $10-$12 billion for state transportation departments, $1 billion for passenger railroad Amtrak, $2 billion for private motorcoach companies and other transportation providers and $1 billion for airport contractors.
It is possible the final measure could include $2 billion for airports, aides said.
The numbers have changed several times in negotiations and are not final.
One proposal that appears to have been dropped is an effort to help aerospace companies with government assistance to avoid new layoffs.
(Reporting by David Shepardson; Editing by Andrea Ricci)
((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, Dec 19 (Reuters) - U.S. lawmakers are making a final push in 2020 to win approval of landmark reforms to how the Federal Aviation Administration (FAA) certifies new airplanes in the wake of two fatal Boeing 737 MAX crashes, five people briefed on the matter said Saturday. Lawmakers hope to attach significant reforms to a massive bill expected to be voted on in coming days that would provide about $900 billion in COVID-19 relief and fund the government's operations. On Friday, Senate Commerce Republicans released a 102-page report that found Boeing BA.N officials "inappropriately coached" test pilots during recertification efforts after the 737 MAX crashes killed 346 people.
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On Nov. 18, the Senate Commerce Committee unanimously passed a bill to reform how the FAA certifies new airplanes, grant new protections for whistleblowers and bolster misconduct investigations and discipline management at the FAA, among other reforms. One congressional aide said "House and Senate committee negotiators on that issue have gotten to a good place on it." Three congressional aides said Saturday funding is likely to include $15 billion for a four-month extension of passenger airlines payroll assistance, $14 billion for public transit agencies, $10-$12 billion for state transportation departments, $1 billion for passenger railroad Amtrak, $2 billion for private motorcoach companies and other transportation providers and $1 billion for airport contractors.
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By David Shepardson WASHINGTON, Dec 19 (Reuters) - U.S. lawmakers are making a final push in 2020 to win approval of landmark reforms to how the Federal Aviation Administration (FAA) certifies new airplanes in the wake of two fatal Boeing 737 MAX crashes, five people briefed on the matter said Saturday. On Nov. 18, the Senate Commerce Committee unanimously passed a bill to reform how the FAA certifies new airplanes, grant new protections for whistleblowers and bolster misconduct investigations and discipline management at the FAA, among other reforms. Three congressional aides said Saturday funding is likely to include $15 billion for a four-month extension of passenger airlines payroll assistance, $14 billion for public transit agencies, $10-$12 billion for state transportation departments, $1 billion for passenger railroad Amtrak, $2 billion for private motorcoach companies and other transportation providers and $1 billion for airport contractors.
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By David Shepardson WASHINGTON, Dec 19 (Reuters) - U.S. lawmakers are making a final push in 2020 to win approval of landmark reforms to how the Federal Aviation Administration (FAA) certifies new airplanes in the wake of two fatal Boeing 737 MAX crashes, five people briefed on the matter said Saturday. On Friday, Senate Commerce Republicans released a 102-page report that found Boeing BA.N officials "inappropriately coached" test pilots during recertification efforts after the 737 MAX crashes killed 346 people. Three congressional aides said Saturday funding is likely to include $15 billion for a four-month extension of passenger airlines payroll assistance, $14 billion for public transit agencies, $10-$12 billion for state transportation departments, $1 billion for passenger railroad Amtrak, $2 billion for private motorcoach companies and other transportation providers and $1 billion for airport contractors.
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4880.0
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2020-12-18 00:00:00 UTC
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U.S. lawmakers consider aid for aerospace workers in COVID-19 bill
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https://www.nasdaq.com/articles/u.s.-lawmakers-consider-aid-for-aerospace-workers-in-covid-19-bill-2020-12-18
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By David Shepardson and Eric M. Johnson
WASHINGTON/SEATTLE, Dec 18 (Reuters) - U.S. lawmakers are considering providing payroll assistance for aerospace manufacturers and suppliers as part of a massive $900 billion COVID-19 relief bill, congressional aides told Reuters.
In a letter to congressional leaders Thursday seen by Reuters, 11 senators proposed "the federal government would pay up to 50% of the payroll costs for up to 25% of a manufacturer's workforce" for aerospace manufacturers and suppliers.
The U.S. aviation industry has lost 100,000 jobs and a third of the global airline fleet remains grounded since the outbreak, the senators said, adding "an additional 220,000 jobs are at risk."
The measure is backed by senators from states hard hit by the decline in aerospace employment, including Kansas's Jerry Moran and Pat Roberts and Washington State's Maria Cantwell and Patty Murray.
International Association of Machinists and Aerospace Workers (IAM) President Robert Martinez urged senators to back the effort to provide payroll assistance "for those aerospace industry workers most at risk of layoff or furlough due to the pandemic."
Martinez and Aerospace Industries Association CEO Eric Fanning in a joint op-ed Wednesday said without swift action by lawmakers the United States risks "losing these employees to other less-impacted industries that might seek their talents."
In October, Boeing Co BA.N told employees it expects to eliminate 30,000 jobs to reach a workforce of around 130,000 worldwide by end-2021 - 11,000 more than previously discussed.
Spirit AeroSystems SPR.N and General Electric Co GE.N's aviation units have both cut thousands of jobs this year.
The senators said the "program is estimated to cost $3.8 billion over four months, but save an estimated $3.5 billion in unemployment costs borne by the states and federal government if these employees were instead to be furloughed."
Two congressional aides briefed on the matter said a proposed $17 billion payroll support program for U.S. passenger airlines in the $900 billion measure could fall to $14 billion, as lawmakers may shift some funds to aerospace workers and airport contractors.
Of $45 billion designated for transportation in the bill, $16 billion has now been reserved for aviation. Some congressional aides think the final bill could designate $1 billion for aerospace workers and $1 billion for airport contractors, but negotiations continue.
It is not clear what any final aerospace assistance program adopted by Congress might look like.
U.S. airlines will be required to offer more than 32,000 workers furloughed in October their jobs back and keep them on payrolls through March 31 as a condition of assistance.
(Reporting by David Shepardson in Washington and Eric M. Johnson in Seattle; Additional reporting by Tracy Rucinski; Editing by Kenneth Maxwell)
((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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In October, Boeing Co BA.N told employees it expects to eliminate 30,000 jobs to reach a workforce of around 130,000 worldwide by end-2021 - 11,000 more than previously discussed. Spirit AeroSystems SPR.N and General Electric Co GE.N's aviation units have both cut thousands of jobs this year. U.S. airlines will be required to offer more than 32,000 workers furloughed in October their jobs back and keep them on payrolls through March 31 as a condition of assistance.
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By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE, Dec 18 (Reuters) - U.S. lawmakers are considering providing payroll assistance for aerospace manufacturers and suppliers as part of a massive $900 billion COVID-19 relief bill, congressional aides told Reuters. International Association of Machinists and Aerospace Workers (IAM) President Robert Martinez urged senators to back the effort to provide payroll assistance "for those aerospace industry workers most at risk of layoff or furlough due to the pandemic." Some congressional aides think the final bill could designate $1 billion for aerospace workers and $1 billion for airport contractors, but negotiations continue.
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By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE, Dec 18 (Reuters) - U.S. lawmakers are considering providing payroll assistance for aerospace manufacturers and suppliers as part of a massive $900 billion COVID-19 relief bill, congressional aides told Reuters. International Association of Machinists and Aerospace Workers (IAM) President Robert Martinez urged senators to back the effort to provide payroll assistance "for those aerospace industry workers most at risk of layoff or furlough due to the pandemic." Two congressional aides briefed on the matter said a proposed $17 billion payroll support program for U.S. passenger airlines in the $900 billion measure could fall to $14 billion, as lawmakers may shift some funds to aerospace workers and airport contractors.
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By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE, Dec 18 (Reuters) - U.S. lawmakers are considering providing payroll assistance for aerospace manufacturers and suppliers as part of a massive $900 billion COVID-19 relief bill, congressional aides told Reuters. Some congressional aides think the final bill could designate $1 billion for aerospace workers and $1 billion for airport contractors, but negotiations continue. U.S. airlines will be required to offer more than 32,000 workers furloughed in October their jobs back and keep them on payrolls through March 31 as a condition of assistance.
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4881.0
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2020-12-18 00:00:00 UTC
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Boeing Stock Is Recovering, But It’s Not a Buy Yet
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https://www.nasdaq.com/articles/boeing-stock-is-recovering-but-its-not-a-buy-yet-2020-12-18
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Investors in Boeing (NYSE:BA) stock have not had a good year in 2020. Year-to-date, BA stock is down about 32%. However, Boeing shares have recovered over 115% since the lows hit in early spring. A large part of these gains has come since early November and BA stock is up about 47% in the past six weeks.
Source: Marco Menezes / Shutterstock.com
Boeing is our largest exporter and a top global innovator among aerospace and defense companies. With a global reach that extends to almost 150 countries, it is one of the most important companies in its sector. Boeing also holds over 15,000patents and has 11 research and development (R&D) centers worldwide. Therefore, both Boeing and its share price get significant attention.
Now investors wonder what to expect from Boeing stock in 2021. If you are not yet a shareholder, you may want to wait to buy into BA stock until the release of the next earnings report, expected in late January. Alternatively, you may regard any potential decline toward the $210 level as a good opportunity to invest for the long term.
Here’s why.
Trouble In The Sky
It’s no surprise that share prices of airlines and the rest of the travel sector have taken a big hit within the last year. Due to travel restrictions, especially internationally, but also stateside, their revenues are down considerably. Recent metrics show that in early December, the number of global flights was down more than 46% from the previous year.
Similarly, based on the recent checkpoint travel numbers released by the U.S. Transportation and Security Administration (TSA), on Dec. 15, 2020, 552,024 passengers went through the TSA system. But a year ago on the same weekday, that number had been 2,009,112.
7 Growth Stocks You Don’t Want to Sleep On
While the number of people who are flying is up substantially since spring (87,534 on April 14), we are still far off from 2019 levels.
In fact, the Dow Jones US Airlines Index is also down about 30% year-to-date. Many commercial airlines that InvestorPlace.com readers follow regularly are having a difficult year as well. For example, American Airlines (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) are all down 42%, 30%, and 48%%, respectively.
It is also important to remember that Boeing’s troubles began earlier than 2020. In 2019, Boeing 737 Max planes were gradually grounded worldwide as a result of two crashes that killed 346 people, first in Indonesia in 2018 and then in Ethiopia in March 2019.
Nevertheless, last month, the U.S. Federal Aviation Administration cleared the Max 737 to fly again. American Airlines will be the first domestic airline to return the aircraft to commercial service at the end of December, and United Airlines plans to relaunch flights in the first quarter of 2021. However, this positive news is likely to have been priced into the recent gains in BA shares.
BA Stock Earnings
Boeing reported Q3 results in late October, reflecting lower commercial deliveries and services volume primarily due to Covid-19. Revenue was $14.1 billion, down by 29% from a year ago. Non-GAAP loss per share was $1.39, compared to the earnings per share of $1.45 a year ago.
CEO Dave Calhoun said the company plans to increase manufacturing in 2021.
“We still expect to produce the 737 at very low rates for the remainder of 2020 and gradually increase the rate to 31 by the beginning of 2022… We will continue to assess the delivery profile for 2021 as it will help inform if we need to adjust our 737 production rate ramp-up. We will continue to keep our supply chain apprised of our plan. At the end of third quarter, we have 3,400 aircraft in our 737 backlog.”
BA stock’s forward price-earnings and price-sales ratios are 97.09 and 2.14, respectively. Since the release of earnings, BA stock is up significantly, about 50%. The price momentum also corresponded with the positive Covid-19 vaccine news from Pfizer (NYSE:PFE), BioNTech (NASDAQ:BNTX) and Moderna (NASDAQ:MRNA).
Although many consumers and investors are understandably hopeful that there is light at the end of the tunnel, I believe the recent run-up in BA stock price has been overextended.
The Bottom Line
Given how far Boeing stock has increased especially since late October, short-term profit-taking is likely to be around the corner. So, if you are not yet a shareholder, you may want to look for a long-term investing opportunity in BA stock around $210 or even below.
Boeing serves both commercial and government aviation, both in the U.S. and globally. The company will recover from its current woes to reach new highs. However, that will take at least several quarters.
You may also consider buying an ETF that has Boeing stock as a holding. Examples include the SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA), the iShares U.S. Aerospace & Defense ETF (CBOE:ITA), the Invesco Aerospace & Defense ETF (NYSEARCA:PPA), the Industrial Select Sector SPDR Fund (NYSEARCA:XLI), or the First Trust Mega Cap Alphadex Fund (NASDAQ:FMK).
On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation and publishes educational content on investing.
The post Boeing Stock Is Recovering, But It’s Not a Buy Yet 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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For example, American Airlines (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) are all down 42%, 30%, and 48%%, respectively. In 2019, Boeing 737 Max planes were gradually grounded worldwide as a result of two crashes that killed 346 people, first in Indonesia in 2018 and then in Ethiopia in March 2019. BA Stock Earnings Boeing reported Q3 results in late October, reflecting lower commercial deliveries and services volume primarily due to Covid-19.
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For example, American Airlines (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) are all down 42%, 30%, and 48%%, respectively. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors in Boeing (NYSE:BA) stock have not had a good year in 2020. BA Stock Earnings Boeing reported Q3 results in late October, reflecting lower commercial deliveries and services volume primarily due to Covid-19.
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For example, American Airlines (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) are all down 42%, 30%, and 48%%, respectively. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors in Boeing (NYSE:BA) stock have not had a good year in 2020. American Airlines will be the first domestic airline to return the aircraft to commercial service at the end of December, and United Airlines plans to relaunch flights in the first quarter of 2021.
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For example, American Airlines (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) are all down 42%, 30%, and 48%%, respectively. Year-to-date, BA stock is down about 32%. American Airlines will be the first domestic airline to return the aircraft to commercial service at the end of December, and United Airlines plans to relaunch flights in the first quarter of 2021.
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2020-12-18 00:00:00 UTC
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German business morale, vaccine optimism help European stocks rebound
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https://www.nasdaq.com/articles/german-business-morale-vaccine-optimism-help-european-stocks-rebound-2020-12-18
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By Sruthi Shankar and Amal S
Dec 18 (Reuters) - European shares reversed early losses to trade higher on Friday following a surprise rise in German business morale as the region gets ready for the mass rollout of COVID-19 vaccines.
The pan-European STOXX 600 index .STOXX was up 0.2%, extending its four-day rally, but gains were kept in check by new fears of a messy finale to Brexit talks.
The German DAX .GDAXI got a boost after Ifo institute's upbeat business morale data even as Europe's biggest economy went into a strict lockdown to contain a second wave of coronavirus infections.
UK's exporter-heavy index .FTSE gained 0.5%, helped by a weaker pound after Britain and European Union negotiators warned that they remained far apart on a number of issues and that it was becoming more likely they would fail to reach an agreement. .L
"We think this division between the UK and the European Union should be resolved, but nevertheless, the market will trade on headlines and I think that's what's driving the market today," said Andrea Cicione, head of strategy at TS Lombard.
Generally, the market is winding down for the end of the year, and some risk is being taken off the table, Cicione said.
Fresh record highs for Wall Street lifted the global mood this week as investors hoped for more U.S. fiscal aid, while European Union tried to secure more vaccine supplies to tackle a pandemic that picked up pace in winter.
The STOXX 600, hovering near a 10-month high, was on course to end the week with a 2% gain.
Miners .SXPP were among the top boosts, with shares in Rio Tinto RIO.L, BHP Group BHPB.L and Anglo American AAL.L rising between 0.5% and 2.1% on stronger metal prices. MET/L
Travel & leisure stocks .SXTP slipped, with British Airways-owner IAG ICAG.L down 1% after a media report that it had agreed to buy Spanish carrier Air Europa for 500 million euros ($612.55 million).
In M&A moves, Dutch health technology firm Philips PHG.AS rose 2.9% after it agreed to buy U.S. cardiac diagnostics and monitoring firm BioTelemetry BEAT.O in a deal worth $2.8 billion.
Finnish paint producer Tikkurila TIK1V.HE soared more than 60% after U.S. firm PPG Industries PPG.N made an offer to buy the company for a total of 1.1 billion euros ($1.35 billion).
(Reporting by Sruthi Shankar and Amal S in Bengaluru; editing by Uttaresh.V and Saumyadeb Chakrabarty)
((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 were among the top boosts, with shares in Rio Tinto RIO.L, BHP Group BHPB.L and Anglo American AAL.L rising between 0.5% and 2.1% on stronger metal prices. By Sruthi Shankar and Amal S Dec 18 (Reuters) - European shares reversed early losses to trade higher on Friday following a surprise rise in German business morale as the region gets ready for the mass rollout of COVID-19 vaccines. UK's exporter-heavy index .FTSE gained 0.5%, helped by a weaker pound after Britain and European Union negotiators warned that they remained far apart on a number of issues and that it was becoming more likely they would fail to reach an agreement.
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Miners .SXPP were among the top boosts, with shares in Rio Tinto RIO.L, BHP Group BHPB.L and Anglo American AAL.L rising between 0.5% and 2.1% on stronger metal prices. By Sruthi Shankar and Amal S Dec 18 (Reuters) - European shares reversed early losses to trade higher on Friday following a surprise rise in German business morale as the region gets ready for the mass rollout of COVID-19 vaccines. MET/L Travel & leisure stocks .SXTP slipped, with British Airways-owner IAG ICAG.L down 1% after a media report that it had agreed to buy Spanish carrier Air Europa for 500 million euros ($612.55 million).
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Miners .SXPP were among the top boosts, with shares in Rio Tinto RIO.L, BHP Group BHPB.L and Anglo American AAL.L rising between 0.5% and 2.1% on stronger metal prices. By Sruthi Shankar and Amal S Dec 18 (Reuters) - European shares reversed early losses to trade higher on Friday following a surprise rise in German business morale as the region gets ready for the mass rollout of COVID-19 vaccines. .L "We think this division between the UK and the European Union should be resolved, but nevertheless, the market will trade on headlines and I think that's what's driving the market today," said Andrea Cicione, head of strategy at TS Lombard.
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Miners .SXPP were among the top boosts, with shares in Rio Tinto RIO.L, BHP Group BHPB.L and Anglo American AAL.L rising between 0.5% and 2.1% on stronger metal prices. By Sruthi Shankar and Amal S Dec 18 (Reuters) - European shares reversed early losses to trade higher on Friday following a surprise rise in German business morale as the region gets ready for the mass rollout of COVID-19 vaccines. Generally, the market is winding down for the end of the year, and some risk is being taken off the table, Cicione said.
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2020-12-17 00:00:00 UTC
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American Airlines Still Has Some Upside, But Plenty of Vaccine News Is Priced In
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https://www.nasdaq.com/articles/american-airlines-still-has-some-upside-but-plenty-of-vaccine-news-is-priced-in
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Due to the novel coronavirus pandemic, plenty of folks are scaling back holiday travel plans this year, but airline equities aren’t being punished. Over the past month, the U.S. Global Jets Index is up 17.47%. American Airlines (NASDAQ:AAL) is leaving that benchmark in the dust as AAL stock is up 42.25% for the month ending Dec. 14.
AAL) airplane waiting on the tarmac. Represents airline stocks." width="300" height="169">
Source: GagliardiPhotography / Shutterstock.com
Larded with debt – $40 billion as of mid-September – and previously in dire need of government assistance, American isn’t a quality stock. Rather, it’s one of the dozens junky, risky names that breathed new life into the recent broader market rally.
That’s not condemnation of American. The Texas-based carrier’s woes and those of the broader industry are factored into share prices. And, some of those issues aren’t abating. For example, the airline recently said it expects fourth-quarter daily cash burn to come in at the higher end of a previously announced $25 million to $30 million range.
“Rising COVID-19 case counts and associated travel restrictions have resulted in a slowing of net bookings growth, which has persisted into December,” according to a statement issued by the carrier.
AAL Stock Faces New Normal
Forgive the above use of “new normal.” It’s a phrase investors are hearing too much of this year, but it’s also relevant, particularly in the travel and leisure industry. American is trying to change with the times, providing would be passengers with at-home Covid-19 testing kits.
The 7 Worst Performing Stocks of 2020
Of course, with $40 billion in debt, American can barely afford to give sodas and peanuts away on its flights. So it’s charging $129 per test, taking some the sheen of the altruism. It’d certainly be cheaper and perhaps more effective to tell passengers about the study conducted by Harvard’s T.H. Chan School of Public Health. It found that a plane full of properly masked crew and passengers has scant Covid-19 transmission risk.
“The use of face masks is critically important throughout the air travel process, from entering the airport for departure to leaving the destination airport,” according to the Harvard study. “When the use of masks is implemented with other measures built into aircraft operations, such as increased ventilation with HEPA filtration in the aircraft and disinfection of surfaces, these layered [interventions] offer significant protection from acquiring COVID-19 through air travel.”
Vaccine Challenges
Suffice to say, it’s easy to understand why American and other airline equities are so tethered to vaccine news. Ah yes, the long-awaited coronavirus vaccine. The one developed by Pfizer Inc. (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) arrived in New York on Dec. 14. However, AAL stock declined on the day.
Here’s what’s vexing for airlines and their investors in the new vaccine landscape. A new ABC News/Ipsos poll reveals 44% of Americans are going to wait before getting vaccinated and 15% don’t want to do it all.
Amid expectations that vaccines won’t be readily available until mid-2021, American and its rivals are hamstrung by not only that timeline, but also how much longer beyond that time the wait-and-see crowd will, well, wait.
Timing Matters
Further muddying the waters for American is the timeline for an airline industry recovery isn’t changing. The Wall Street consensus is 2023. This is the same forecast investors were hearing months before it became apparent vaccine progress was being made.
As noted in the above poll, the existence of a vaccine doesn’t mean “normal” will rapidly return. While there’s likely plenty of pent up leisure travel demand, corporate travel – the bread and butter of airlines – could take longer to bounce back.
Additionally, at 11x earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR), which is high by the carrier’s historical standards. AAL stock isn’t priced to perfection. But the company needs to show investors it can deleverage and keep adjusting before the industry returns to 2019 norms.
On the date of publication, Todd Shriber did not have (either directly or indirectly) any positions in any of the securities mentioned in this article.
Todd Shriber has been an InvestorPlace contributor since 2014.
The post American Airlines Still Has Some Upside, But Plenty of Vaccine News Is Priced In appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (NASDAQ:AAL) is leaving that benchmark in the dust as AAL stock is up 42.25% for the month ending Dec. 14. AAL) airplane waiting on the tarmac. AAL Stock Faces New Normal Forgive the above use of “new normal.” It’s a phrase investors are hearing too much of this year, but it’s also relevant, particularly in the travel and leisure industry.
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American Airlines (NASDAQ:AAL) is leaving that benchmark in the dust as AAL stock is up 42.25% for the month ending Dec. 14. AAL Stock Faces New Normal Forgive the above use of “new normal.” It’s a phrase investors are hearing too much of this year, but it’s also relevant, particularly in the travel and leisure industry. AAL) airplane waiting on the tarmac.
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American Airlines (NASDAQ:AAL) is leaving that benchmark in the dust as AAL stock is up 42.25% for the month ending Dec. 14. AAL) airplane waiting on the tarmac. AAL Stock Faces New Normal Forgive the above use of “new normal.” It’s a phrase investors are hearing too much of this year, but it’s also relevant, particularly in the travel and leisure industry.
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AAL Stock Faces New Normal Forgive the above use of “new normal.” It’s a phrase investors are hearing too much of this year, but it’s also relevant, particularly in the travel and leisure industry. AAL stock isn’t priced to perfection. American Airlines (NASDAQ:AAL) is leaving that benchmark in the dust as AAL stock is up 42.25% for the month ending Dec. 14.
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4884.0
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2020-12-17 00:00:00 UTC
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Thursday's ETF with Unusual Volume: EQAL
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AAL
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https://www.nasdaq.com/articles/thursdays-etf-with-unusual-volume%3A-eqal-2020-12-17
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The Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Thursday, with over 195,000 shares traded versus three month average volume of about 36,000. Shares of EQAL were up about 0.4% on the day.
Components of that ETF with the highest volume on Thursday were Apple, trading up about 0.4% with over 45.1 million shares changing hands so far this session, and American Airlines Group, off about 0.9% on volume of over 30.6 million shares. Macquarie Infrastructure is the component faring the best Thursday, up by about 13.9% on the day, while Horizon Therapeutics is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 9.6%.
VIDEO: Thursday's ETF with Unusual Volume: EQAL
The views and 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 Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Thursday, with over 195,000 shares traded versus three month average volume of about 36,000. Components of that ETF with the highest volume on Thursday were Apple, trading up about 0.4% with over 45.1 million shares changing hands so far this session, and American Airlines Group, off about 0.9% on volume of over 30.6 million shares. Macquarie Infrastructure is the component faring the best Thursday, up by about 13.9% on the day, while Horizon Therapeutics is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 9.6%.
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The Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Thursday, with over 195,000 shares traded versus three month average volume of about 36,000. Macquarie Infrastructure is the component faring the best Thursday, up by about 13.9% on the day, while Horizon Therapeutics is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 9.6%. VIDEO: Thursday's ETF with Unusual Volume: EQAL The views and 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 Invesco Russell 1000 Equal Weight ETF is seeing unusually high volume in afternoon trading Thursday, with over 195,000 shares traded versus three month average volume of about 36,000. Components of that ETF with the highest volume on Thursday were Apple, trading up about 0.4% with over 45.1 million shares changing hands so far this session, and American Airlines Group, off about 0.9% on volume of over 30.6 million shares. Macquarie Infrastructure is the component faring the best Thursday, up by about 13.9% on the day, while Horizon Therapeutics is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 9.6%.
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Components of that ETF with the highest volume on Thursday were Apple, trading up about 0.4% with over 45.1 million shares changing hands so far this session, and American Airlines Group, off about 0.9% on volume of over 30.6 million shares. Macquarie Infrastructure is the component faring the best Thursday, up by about 13.9% on the day, while Horizon Therapeutics is lagging other components of the Invesco Russell 1000 Equal Weight ETF, trading lower by about 9.6%. VIDEO: Thursday's ETF with Unusual Volume: EQAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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4885.0
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2020-12-17 00:00:00 UTC
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Pre-Market Most Active for Dec 17, 2020 : RAD, IQ, AAL, SQQQ, NIO, SCPS, CAN, BHP, PFE, TLRY, BABA, PLTR
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-17-2020-%3A-rad-iq-aal-sqqq-nio-scps-can-bhp-pfe-tlry-baba
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nan
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The NASDAQ 100 Pre-Market Indicator is up 49.9 to 12,718.06. The total Pre-Market volume is currently 21,715,421 shares traded.
The following are the most active stocks for the pre-market session:
Rite Aid Corporation (RAD) is +3.52 at $20.63, with 1,168,025 shares traded. Business Wire Reports: Rite Aid Corporation Reports Fiscal 2021 Third Quarter Results
iQIYI, Inc. (IQ) is -0.595 at $17.51, with 1,079,545 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $-0.42. IQ's current last sale is 72.06% of the target price of $24.3.
American Airlines Group, Inc. (AAL) is +0.17 at $17.03, with 868,801 shares traded. AAL's current last sale is 170.3% of the target price of $10.
ProShares UltraPro Short QQQ (SQQQ) is -0.22 at $15.81, with 858,946 shares traded., following a 52-week high recorded in prior regular session.
NIO Inc. (NIO) is +0.78 at $45.45, with 856,873 shares traded. NIO's current last sale is 137.73% of the target price of $33.
Scopus BioPharma Inc. (SCPS) is +13.73 at $19.65, with 852,400 shares traded.
Canaan Inc. (CAN) is +0.66 at $4.46, with 799,687 shares traded.
BHP Group Limited (BHP) is +1.93 at $66.80, with 590,520 shares traded.BHP is scheduled to provide an earnings report on 12/21/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is 999 per share, which represents a 99,900 percent increase over the EPS one Year Ago
Pfizer, Inc. (PFE) is -0.02 at $37.82, with 581,541 shares traded. PFE's current last sale is 90.05% of the target price of $42.
Tilray, Inc. (TLRY) is -0.0902 at $9.24, with 577,757 shares traded. TLRY's current last sale is 99.89% of the target price of $9.25.
Alibaba Group Holding Limited (BABA) is +3.13 at $265.02, with 456,474 shares traded. BABA's current last sale is 77.95% of the target price of $340.
Palantir Technologies Inc. (PLTR) is +0.32 at $26.24, with 374,151 shares traded. PLTR's current last sale is 180.97% of the target price of $14.5.
The views and 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 +0.17 at $17.03, with 868,801 shares traded. AAL's current last sale is 170.3% of the target price of $10. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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American Airlines Group, Inc. (AAL) is +0.17 at $17.03, with 868,801 shares traded. AAL's current last sale is 170.3% of the target price of $10. Business Wire Reports: Rite Aid Corporation Reports Fiscal 2021 Third Quarter Results
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American Airlines Group, Inc. (AAL) is +0.17 at $17.03, with 868,801 shares traded. AAL's current last sale is 170.3% of the target price of $10. The total Pre-Market volume is currently 21,715,421 shares traded.
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American Airlines Group, Inc. (AAL) is +0.17 at $17.03, with 868,801 shares traded. AAL's current last sale is 170.3% of the target price of $10. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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4886.0
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2020-12-17 00:00:00 UTC
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U.S. airlines closing in on new government assistance package
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AAL
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https://www.nasdaq.com/articles/u.s.-airlines-closing-in-on-new-government-assistance-package-2020-12-17
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By David Shepardson and Tracy Rucinski
WASHINGTON/CHICAGO Dec 16 (Reuters) - U.S. airlines are on the brink of receiving a four-month extension of a government assistance program that is expected to provide another $17 billion to fund payroll costs, congressional aides told Reuters.
A roughly $900 billion coronavirus relief bill still under negotiation would allocate $17 billion to airlines and allow them to bring back more than 32,000 workers furloughed in October, after a prior six-month $25 billion measure expired on Sept. 30.
A final deal on the $900 billion relief package could be reached as early as Thursday morning in the United States.
Airline workers would be paid retroactive to Dec. 1 and airlines would have to resume flying to some routes they stopped operating after the aid package expired, congressional aides briefed on the talks told Reuters. Airline workers could not be furloughed through March 31 as a condition of the assistance.
Reuters first reported on Dec. 1 that a bipartisan $908 billion proposal included $17 billion for airline payroll assistance, as well as $15 billion for U.S. transit systems, $4 billion for airports, $1 billion for passenger railroad Amtrak and $8 billion for private bus companies and other services.
In October, American Airlines AAL.O furloughed 19,000 employees while United Airlines UAL.O furloughed more than 13,000 employees.
American Airlines suspended flights to some smaller U.S. airports in October.
On Dec. 9, the number of passengers screened at U.S. airports dipped to 501,513, the lowest number since July 4 as COVID-19 cases spiked.
The new assistance program is expected to mirror the earlier $25 billion program approved by Congress in March, which required larger airlines to repay 30% of the payroll grants over time and offer the government warrants.
U.S. carriers are losing $180 million in cash daily, with passenger volumes down 65% to 70% and cancellations rising, industry lobby Airlines for America said.
Congress previously set aside another $25 billion for airlines for low-interest loans.
(Reporting by David Shepardson; Editing by Raju Gopalakrishnan)
((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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In October, American Airlines AAL.O furloughed 19,000 employees while United Airlines UAL.O furloughed more than 13,000 employees. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO Dec 16 (Reuters) - U.S. airlines are on the brink of receiving a four-month extension of a government assistance program that is expected to provide another $17 billion to fund payroll costs, congressional aides told Reuters. A final deal on the $900 billion relief package could be reached as early as Thursday morning in the United States.
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In October, American Airlines AAL.O furloughed 19,000 employees while United Airlines UAL.O furloughed more than 13,000 employees. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO Dec 16 (Reuters) - U.S. airlines are on the brink of receiving a four-month extension of a government assistance program that is expected to provide another $17 billion to fund payroll costs, congressional aides told Reuters. Airline workers would be paid retroactive to Dec. 1 and airlines would have to resume flying to some routes they stopped operating after the aid package expired, congressional aides briefed on the talks told Reuters.
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In October, American Airlines AAL.O furloughed 19,000 employees while United Airlines UAL.O furloughed more than 13,000 employees. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO Dec 16 (Reuters) - U.S. airlines are on the brink of receiving a four-month extension of a government assistance program that is expected to provide another $17 billion to fund payroll costs, congressional aides told Reuters. A roughly $900 billion coronavirus relief bill still under negotiation would allocate $17 billion to airlines and allow them to bring back more than 32,000 workers furloughed in October, after a prior six-month $25 billion measure expired on Sept. 30.
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In October, American Airlines AAL.O furloughed 19,000 employees while United Airlines UAL.O furloughed more than 13,000 employees. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO Dec 16 (Reuters) - U.S. airlines are on the brink of receiving a four-month extension of a government assistance program that is expected to provide another $17 billion to fund payroll costs, congressional aides told Reuters. Airline workers could not be furloughed through March 31 as a condition of the assistance.
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4887.0
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2020-12-16 00:00:00 UTC
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Pre-Market Most Active for Dec 16, 2020 : TLRY, SIOX, APHA, LAZR, AAL, BHP, AAPL, NIO, ACB, NOK, AIV, F
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-16-2020-%3A-tlry-siox-apha-lazr-aal-bhp-aapl-nio-acb-nok-aiv
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The NASDAQ 100 Pre-Market Indicator is up 20.13 to 12,616.05. The total Pre-Market volume is currently 36,466,166 shares traded.
The following are the most active stocks for the pre-market session:
Tilray, Inc. (TLRY) is +2.21 at $10.08, with 7,608,711 shares traded. TLRY's current last sale is 108.97% of the target price of $9.25.
Sio Gene Therapies Inc. (SIOX) is +1.06 at $3.90, with 4,565,154 shares traded.
Aphria Inc. (APHA) is +0.48 at $8.60, with 2,184,652 shares traded. As reported by Zacks, the current mean recommendation for APHA is in the "buy range".
Luminar Technologies, Inc. (LAZR) is +2.48 at $25.35, with 1,841,667 shares traded.LAZR is scheduled to provide an earnings report on 12/18/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -0.05 per share, which represents a 4 percent increase over the EPS one Year Ago
American Airlines Group, Inc. (AAL) is -0.13 at $16.88, with 1,327,096 shares traded. AAL's current last sale is 168.8% of the target price of $10.
BHP Group Limited (BHP) is unchanged at $65.32, with 1,126,544 shares traded.BHP is scheduled to provide an earnings report on 12/21/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is 999 per share, which represents a 99,900 percent increase over the EPS one Year Ago
Apple Inc. (AAPL) is -0.16 at $127.72, with 993,440 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
NIO Inc. (NIO) is +0.74 at $44.24, with 963,764 shares traded. NIO's current last sale is 134.06% of the target price of $33.
Aurora Cannabis Inc. (ACB) is +0.2 at $10.41, with 887,831 shares traded. ACB's current last sale is 114.46% of the target price of $9.095.
Nokia Corporation (NOK) is -0.08 at $4.02, with 875,542 shares traded. NOK's current last sale is 89.33% of the target price of $4.5.
Apartment Investment and Management Company (AIV) is -0.14 at $4.90, with 800,189 shares traded., following a 52-week high recorded in prior regular session.
Ford Motor Company (F) is +0.08 at $9.23, with 512,102 shares traded. F's current last sale is 102.56% of the target price of $9.
The views and 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 -0.13 at $16.88, with 1,327,096 shares traded. AAL's current last sale is 168.8% of the target price of $10. As reported by Zacks, the current mean recommendation for APHA is in the "buy range".
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American Airlines Group, Inc. (AAL) is -0.13 at $16.88, with 1,327,096 shares traded. AAL's current last sale is 168.8% of the target price of $10. Luminar Technologies, Inc. (LAZR) is +2.48 at $25.35, with 1,841,667 shares traded.LAZR is scheduled to provide an earnings report on 12/18/2020, for the fiscal quarter ending Sep2020.
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American Airlines Group, Inc. (AAL) is -0.13 at $16.88, with 1,327,096 shares traded. AAL's current last sale is 168.8% of the target price of $10. The consensus earnings per share forecast is -0.05 per share, which represents a 4 percent increase over the EPS one Year Ago
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American Airlines Group, Inc. (AAL) is -0.13 at $16.88, with 1,327,096 shares traded. AAL's current last sale is 168.8% of the target price of $10. TLRY's current last sale is 108.97% of the target price of $9.25.
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4888.0
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2020-12-16 00:00:00 UTC
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Spirit Airlines Stock Is Trading At An Attractive Price
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AAL
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https://www.nasdaq.com/articles/spirit-airlines-stock-is-trading-at-an-attractive-price-2020-12-16
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The shares of Spirit Airlines (NYSE: SAVE) have gained 48% in the past month triggered by the likelihood of a quick recovery in air travel demand. We believe that there is a sizable upside in SAVE stock, which has lost 36% of its value since the beginning of the year and currently trades at $26. The company observed $130 million of operating cash outflow for the first nine months primarily supported by the $300 million grant under the CARES Act. Considering a $2 million of average daily cash burn rate, the company’s net debt is likely to increase by another $180 million during the fourth quarter. Therefore, the $1.7 billion drop in the company’s market capitalization looks unwarranted given the positive vaccine results released by Pfizer and Moderna. Our interactive dashboard highlights Spirit Airlines 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 64% 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 SAVE 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)
Spirit Airlines vs S&P 500 Performance Over 2007-08 Financial Crisis
SAVE stock was barely affected by the 2008 crisis and remained at a level of around $11.50 from October 2007 to December 2009. In comparison, the S&P 500 Index first fell 51% in the wake of the recession before recovering 48% by January 2010.
Spirit Airlines Fundamentals in Recent Years Look Stable
Spirit Airlines’ Revenues grew by 46% from $2.6 billion in 2017 to $3.8 billion in 2019, supported by capacity growth and ticket prices. Moreover, the company’s operating margins improved from lower fuel expenses and maintenance costs. However, the net earnings declined due to higher interest expenses resulting in an 18% reduction of EPS from $6.00 in 2017 to $4.90 in 2019. In Q3 2020, the company’s revenues fell by 60% (y-o-y) as the capacity (ASMs) dropped by 33% and the passenger load factor plummeted to 68%.
Does Spirit Airlines Have A Sufficient Cash Cushion To Meet Its Obligations Through The Coronavirus Crisis?
Spirit Airlines total debt increased from $1.4 billion in 2017 to $3 billion at the end of Q3 2020, while its total cash also surged from $1.8 billion to $2.1 billion over the same period. Considering a daily cash burn rate of $2 million, the company is in a good position to weather the crisis for more than a year.
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
July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment
Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and rollout of a vaccine are the key triggers for an upside in Spirit Airlines stock.
What if you’re looking for a more balanced portfolio instead? Here’s a high quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
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 Spirit Airlines (NYSE: SAVE) have gained 48% in the past month triggered by the likelihood of a quick recovery in air travel demand. Doesn’t help that oil prices crash in mid-March amid Saudi-led price war From 3/24/2020: S&P 500 recovers 64% 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 SAVE and the broader market performed during the 2007/2008 crisis. 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 July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and rollout of a vaccine are the key triggers for an upside in Spirit Airlines 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) Spirit Airlines vs S&P 500 Performance Over 2007-08 Financial Crisis SAVE stock was barely affected by the 2008 crisis and remained at a level of around $11.50 from October 2007 to December 2009. Spirit Airlines Fundamentals in Recent Years Look Stable Spirit Airlines’ Revenues grew by 46% from $2.6 billion in 2017 to $3.8 billion in 2019, supported 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 July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and rollout of a vaccine are the key triggers for an upside in Spirit Airlines 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) Spirit Airlines vs S&P 500 Performance Over 2007-08 Financial Crisis SAVE stock was barely affected by the 2008 crisis and remained at a level of around $11.50 from October 2007 to December 2009. Spirit Airlines Fundamentals in Recent Years Look Stable Spirit Airlines’ Revenues grew by 46% from $2.6 billion in 2017 to $3.8 billion in 2019, supported 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 July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and rollout of a vaccine are the key triggers for an upside in Spirit Airlines stock.
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Spirit Airlines Fundamentals in Recent Years Look Stable Spirit Airlines’ Revenues grew by 46% from $2.6 billion in 2017 to $3.8 billion in 2019, supported by capacity growth and ticket prices. Considering a daily cash burn rate of $2 million, the company is in a good position to weather the crisis for more than a year. 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 July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and rollout of a vaccine are the key triggers for an upside in Spirit Airlines stock.
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4889.0
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2020-12-15 00:00:00 UTC
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Pre-Market Most Active for Dec 15, 2020 : AIV, NIO, AAPL, AAL, AZN, CCL, PRVL, MRNA, XPEV, NCLH, BABA, TSLA
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-15-2020-%3A-aiv-nio-aapl-aal-azn-ccl-prvl-mrna-xpev-nclh-0
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nan
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The NASDAQ 100 Pre-Market Indicator is up 90.92 to 12,553.13. The total Pre-Market volume is currently 23,992,000 shares traded.
The following are the most active stocks for the pre-market session:
Apartment Investment and Management Company (AIV) is -34.29 at $6.05, with 7,110,711 shares traded. AIV's current last sale is 14.07% of the target price of $43.
NIO Inc. (NIO) is +1.38 at $42.36, with 1,816,468 shares traded. NIO's current last sale is 128.36% of the target price of $33.
Apple Inc. (AAPL) is +2.3201 at $124.10, with 1,433,711 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
American Airlines Group, Inc. (AAL) is +0.27 at $16.97, with 1,232,954 shares traded. AAL's current last sale is 169.7% of the target price of $10.
Astrazeneca PLC (AZN) is +0.77 at $50.80, with 905,992 shares traded. As reported by Zacks, the current mean recommendation for AZN is in the "buy range".
Carnival Corporation (CCL) is +0.14 at $21.07, with 890,779 shares traded.CCL is scheduled to provide an earnings report on 12/18/2020, for the fiscal quarter ending Nov2020. The consensus earnings per share forecast is -1.81 per share, which represents a 62 percent increase over the EPS one Year Ago
Prevail Therapeutics Inc. (PRVL) is +10.72 at $23.22, with 818,767 shares traded. As reported in the last short interest update the days to cover for PRVL is 18.919758; this calculation is based on the average trading volume of the stock.
Moderna, Inc. (MRNA) is +1.92 at $156.99, with 776,190 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $-0.39. MRNA's current last sale is 156.99% of the target price of $100.
XPeng Inc. (XPEV) is +1.74 at $48.91, with 751,541 shares traded. As reported by Zacks, the current mean recommendation for XPEV is in the "buy range".
Norwegian Cruise Line Holdings Ltd. (NCLH) is -0.75 at $24.66, with 741,413 shares traded. NCLH's current last sale is 137% of the target price of $18.
Alibaba Group Holding Limited (BABA) is +1.3 at $257.33, with 704,510 shares traded. BABA's current last sale is 75.69% of the target price of $340.
Tesla, Inc. (TSLA) is +7.79 at $647.62, with 579,178 shares traded. TSLA's current last sale is 143.12% of the target price of $452.5.
The views and 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 +0.27 at $16.97, with 1,232,954 shares traded. AAL's current last sale is 169.7% of the target price of $10. Carnival Corporation (CCL) is +0.14 at $21.07, with 890,779 shares traded.CCL is scheduled to provide an earnings report on 12/18/2020, for the fiscal quarter ending Nov2020.
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American Airlines Group, Inc. (AAL) is +0.27 at $16.97, with 1,232,954 shares traded. AAL's current last sale is 169.7% of the target price of $10. The total Pre-Market volume is currently 23,992,000 shares traded.
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American Airlines Group, Inc. (AAL) is +0.27 at $16.97, with 1,232,954 shares traded. AAL's current last sale is 169.7% of the target price of $10. The total Pre-Market volume is currently 23,992,000 shares traded.
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American Airlines Group, Inc. (AAL) is +0.27 at $16.97, with 1,232,954 shares traded. AAL's current last sale is 169.7% of the target price of $10. AIV's current last sale is 14.07% of the target price of $43.
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4890.0
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2020-12-15 00:00:00 UTC
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Air Canada latest to forewarn more cash burn; looks to raise C$850 mln
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AAL
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https://www.nasdaq.com/articles/air-canada-latest-to-forewarn-more-cash-burn-looks-to-raise-c%24850-mln-2020-12-15
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nan
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nan
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Adds details on offering background
Dec 15 (Reuters) - Air Canada AC.TO said on Tuesday it looks to raise about C$850 million ($669.45 million) in a share offering, after it warned of more cash burn in the fourth quarter as spiking COVID-19 cases do more harm to air travel and the airline's liquidity.
The airline industry is still losing billions of dollars every month due to weak travel demand, exacerbated by recent coronavirus travel advisories that have discouraged holiday travel.
United Airlines UAL.O, Delta Air Lines DAL.N and American Airlines AAL.O also raised their cash burn expectations earlier this month.
Air Canada expects average net cash burn of between C$14 million and C$16 million per day in the fourth quarter, compared with its prior estimate of C$12 million to C$14 million.
The company said it intends to grant underwriters an option to purchase up to an additional 15% of the shares in the offering, the proceeds of which will be used to bolster working capital.
($1 = 1.2697 Canadian dollars)
(Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli)
((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223 8780; Twitter: https://twitter.com/sampath_uday ;))
The views and 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 UAL.O, Delta Air Lines DAL.N and American Airlines AAL.O also raised their cash burn expectations earlier this month. Adds details on offering background Dec 15 (Reuters) - Air Canada AC.TO said on Tuesday it looks to raise about C$850 million ($669.45 million) in a share offering, after it warned of more cash burn in the fourth quarter as spiking COVID-19 cases do more harm to air travel and the airline's liquidity. The company said it intends to grant underwriters an option to purchase up to an additional 15% of the shares in the offering, the proceeds of which will be used to bolster working capital.
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United Airlines UAL.O, Delta Air Lines DAL.N and American Airlines AAL.O also raised their cash burn expectations earlier this month. Adds details on offering background Dec 15 (Reuters) - Air Canada AC.TO said on Tuesday it looks to raise about C$850 million ($669.45 million) in a share offering, after it warned of more cash burn in the fourth quarter as spiking COVID-19 cases do more harm to air travel and the airline's liquidity. Air Canada expects average net cash burn of between C$14 million and C$16 million per day in the fourth quarter, compared with its prior estimate of C$12 million to C$14 million.
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United Airlines UAL.O, Delta Air Lines DAL.N and American Airlines AAL.O also raised their cash burn expectations earlier this month. Adds details on offering background Dec 15 (Reuters) - Air Canada AC.TO said on Tuesday it looks to raise about C$850 million ($669.45 million) in a share offering, after it warned of more cash burn in the fourth quarter as spiking COVID-19 cases do more harm to air travel and the airline's liquidity. Air Canada expects average net cash burn of between C$14 million and C$16 million per day in the fourth quarter, compared with its prior estimate of C$12 million to C$14 million.
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United Airlines UAL.O, Delta Air Lines DAL.N and American Airlines AAL.O also raised their cash burn expectations earlier this month. Adds details on offering background Dec 15 (Reuters) - Air Canada AC.TO said on Tuesday it looks to raise about C$850 million ($669.45 million) in a share offering, after it warned of more cash burn in the fourth quarter as spiking COVID-19 cases do more harm to air travel and the airline's liquidity. The airline industry is still losing billions of dollars every month due to weak travel demand, exacerbated by recent coronavirus travel advisories that have discouraged holiday travel.
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4891.0
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2020-12-15 00:00:00 UTC
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American Airlines Announces First Shipment Of Covid-19 Vaccine
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AAL
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https://www.nasdaq.com/articles/american-airlines-announces-first-shipment-of-covid-19-vaccine-2020-12-15
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nan
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nan
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(RTTNews) - American Airlines said it started distributing Covid-19 vaccine across the United States. The airline's Cargo team carried its first shipment of the vaccine on Sunday night from Chicago to Miami in close collaboration with pharmaceutical and cargo partners.
The company received the shipment by truck at Chicago O'Hare International Airport and loaded the shipment onto a Boeing 777-200 aircraft flying to Miami International Airport. The vaccine shipment arrived at its final destination in a U.S. territory in the Caribbean Monday.
American Airlines' cargo operation will transport COVID-19 vaccines across the US and around the world.
American Airlines Cargo President Jessica Tyler, said, "We were able to mobilize within hours of getting the call to move thousands of doses. We know this is the first of many shipments to come, and we are ready to scale our operation as additional vaccine is produced and ready for distribution."
In November itself, the company began conducting trial flights to simulate the conditions required to transport the COVID-19 vaccine. These include stress testing the thermal packaging and operational handling process to ensure it remains stable in transit.
As the country began vaccinations Monday with the Pfizer-BioNTech COVID-19 vaccine, American Airlines joins with logistics majors UPS and FedEx, who are also participating in the initial vaccine delivery.
Following the approval from the FDA, Pfizer began shipping the doses from its Michigan warehouse Sunday.
According to Gen. Gustave Perna, chief operating officer of Operation Warp Speed, Pfizer would move vaccine from its manufacturing facility to the UPS and FedEx hubs, and then it would go out to the already identified 636 locations nationwide.
The initial vaccines for the healthcare workers and nursing home staffs are being distributed in the U.S. by the Department of Defense in partnership with agencies within the Department of Health and Human Services, including the CDC, to government-designated facilities across the country.
The combined manufacturing network of Pfizer and BioNTech has the potential to supply up to 50 million vaccine doses globally in 2020 and up to 1.3 billion doses by the end of 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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American Airlines Cargo President Jessica Tyler, said, "We were able to mobilize within hours of getting the call to move thousands of doses. In November itself, the company began conducting trial flights to simulate the conditions required to transport the COVID-19 vaccine. These include stress testing the thermal packaging and operational handling process to ensure it remains stable in transit.
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American Airlines' cargo operation will transport COVID-19 vaccines across the US and around the world. As the country began vaccinations Monday with the Pfizer-BioNTech COVID-19 vaccine, American Airlines joins with logistics majors UPS and FedEx, who are also participating in the initial vaccine delivery. According to Gen. Gustave Perna, chief operating officer of Operation Warp Speed, Pfizer would move vaccine from its manufacturing facility to the UPS and FedEx hubs, and then it would go out to the already identified 636 locations nationwide.
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The airline's Cargo team carried its first shipment of the vaccine on Sunday night from Chicago to Miami in close collaboration with pharmaceutical and cargo partners. As the country began vaccinations Monday with the Pfizer-BioNTech COVID-19 vaccine, American Airlines joins with logistics majors UPS and FedEx, who are also participating in the initial vaccine delivery. According to Gen. Gustave Perna, chief operating officer of Operation Warp Speed, Pfizer would move vaccine from its manufacturing facility to the UPS and FedEx hubs, and then it would go out to the already identified 636 locations nationwide.
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The airline's Cargo team carried its first shipment of the vaccine on Sunday night from Chicago to Miami in close collaboration with pharmaceutical and cargo partners. The vaccine shipment arrived at its final destination in a U.S. territory in the Caribbean Monday. American Airlines' cargo operation will transport COVID-19 vaccines across the US and around the world.
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4892.0
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2020-12-15 00:00:00 UTC
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Pre-Market Most Active for Dec 15, 2020 : AIV, NIO, AAPL, AAL, AZN, CCL, PRVL, MRNA, XPEV, NCLH, BABA, TSLA
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-15-2020-%3A-aiv-nio-aapl-aal-azn-ccl-prvl-mrna-xpev-nclh-baba
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 90.92 to 12,553.13. The total Pre-Market volume is currently 23,992,000 shares traded.
The following are the most active stocks for the pre-market session:
Apartment Investment and Management Company (AIV) is -34.29 at $6.05, with 7,110,711 shares traded. AIV's current last sale is 14.07% of the target price of $43.
NIO Inc. (NIO) is +1.38 at $42.36, with 1,816,468 shares traded. NIO's current last sale is 128.36% of the target price of $33.
Apple Inc. (AAPL) is +2.3201 at $124.10, with 1,433,711 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
American Airlines Group, Inc. (AAL) is +0.27 at $16.97, with 1,232,954 shares traded. AAL's current last sale is 169.7% of the target price of $10.
Astrazeneca PLC (AZN) is +0.77 at $50.80, with 905,992 shares traded. As reported by Zacks, the current mean recommendation for AZN is in the "buy range".
Carnival Corporation (CCL) is +0.14 at $21.07, with 890,779 shares traded.CCL is scheduled to provide an earnings report on 12/18/2020, for the fiscal quarter ending Nov2020. The consensus earnings per share forecast is -1.81 per share, which represents a 62 percent increase over the EPS one Year Ago
Prevail Therapeutics Inc. (PRVL) is +10.72 at $23.22, with 818,767 shares traded. As reported in the last short interest update the days to cover for PRVL is 18.919758; this calculation is based on the average trading volume of the stock.
Moderna, Inc. (MRNA) is +1.92 at $156.99, with 776,190 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $-0.39. MRNA's current last sale is 156.99% of the target price of $100.
XPeng Inc. (XPEV) is +1.74 at $48.91, with 751,541 shares traded. As reported by Zacks, the current mean recommendation for XPEV is in the "buy range".
Norwegian Cruise Line Holdings Ltd. (NCLH) is -0.75 at $24.66, with 741,413 shares traded. NCLH's current last sale is 137% of the target price of $18.
Alibaba Group Holding Limited (BABA) is +1.3 at $257.33, with 704,510 shares traded. BABA's current last sale is 75.69% of the target price of $340.
Tesla, Inc. (TSLA) is +7.79 at $647.62, with 579,178 shares traded. TSLA's current last sale is 143.12% of the target price of $452.5.
The views and 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 +0.27 at $16.97, with 1,232,954 shares traded. AAL's current last sale is 169.7% of the target price of $10. Carnival Corporation (CCL) is +0.14 at $21.07, with 890,779 shares traded.CCL is scheduled to provide an earnings report on 12/18/2020, for the fiscal quarter ending Nov2020.
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American Airlines Group, Inc. (AAL) is +0.27 at $16.97, with 1,232,954 shares traded. AAL's current last sale is 169.7% of the target price of $10. The total Pre-Market volume is currently 23,992,000 shares traded.
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American Airlines Group, Inc. (AAL) is +0.27 at $16.97, with 1,232,954 shares traded. AAL's current last sale is 169.7% of the target price of $10. The total Pre-Market volume is currently 23,992,000 shares traded.
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American Airlines Group, Inc. (AAL) is +0.27 at $16.97, with 1,232,954 shares traded. AAL's current last sale is 169.7% of the target price of $10. AIV's current last sale is 14.07% of the target price of $43.
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4893.0
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2020-12-14 00:00:00 UTC
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US STOCKS-Wall St cheered by vaccine roll-out, mega M&A activity
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-cheered-by-vaccine-roll-out-mega-ma-activity-2020-12-14-0
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nan
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nan
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By Ambar Warrick and Shreyashi Sanyal
Dec 14 (Reuters) - Wall Street's main indexes rose on Monday as consumer stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.
Administration of the vaccine developed by Pfizer PFE.N and its German partner BioNTech BNTX.O began on Monday, after the shot received emergency-use approval from federal regulators last week.
The inoculations are seen as pivotal toward ultimately halting the COVID-19 pandemic, which has claimed more than a million lives around the world and brought economic activity to a halt.
Consumer discretionary stocks .SPLRCD were among the best performing sectors on the S&P 500 on Monday, while travel and leisure stocks, which are among the worst hit by the virus outbreak, also gained.
Cruise operator Carnival Corp CCL.N rose 0.8%, while American Airlines Group AAL.O added 0.3%.
Alexion Pharmaceuticals Inc ALXN.O was among the top boosts to the S&P 500 .SPX and the Nasdaq .IXIC, surging 31.0% to a 4-1/2 year high after British drugmaker AstraZeneca AZN.L, AZN.O said it would buy the U.S. biotech firm. AstraZeneca's U.S.-listed shares fell 6.1%.
"It is a sign that animal spirits are back ... companies are reluctant to do deals when they have a negative outlook on the future, but the fact that you are seeing these types of big deals on merger Mondays is a sign of things to come," said Thomas Hayes, managing member at Great Hill Capital Llc in New York.
At 12:00 p.m. ET, the Dow Jones Industrial Average .DJI was up 63.55 points, or 0.21%, at 30,109.92, the S&P 500 .SPX was up 13.59 points, or 0.37%, at 3,677.05. The Nasdaq Composite .IXIC was up 144.87 points, or 1.17%, at 12,522.74.
Uncertainty over more fiscal stimulus had cut short a recent rally in U.S. stocks, after the Senate last week approved a one-week extension of federal funding to avoid a government shutdown and to provide more time for negotiations on coronavirus relief and an overarching spending bill.
"Equities have performed very strongly in what has been a very difficult economic environment ... there is some vulnerability there if the market concludes that fiscal support is at its end," Eric Winograd, senior economist at AllianceBernstein told the Reuters Global Market Forum.
Focus was also on early voting in a pair of U.S. Senate races in Georgia that will determine control of the chamber and heavily influence lawmaking.
E-commerce company Alibaba Group Holding Ltd BABA.N shed 2.6% after China warned its internet majors of more anti-trust scrutiny, slapped fines and announced probes into deals involving Alibaba and Tencent Holdings Ltd 0700.HK.
Electric-car maker Tesla Inc TSLA.O rose 4% as anticipation of the firm's addition to the S&P 500 benchmark next week offset a report of production delays.
Walt Disney Co DIS.N fell about 2.7% after rallying on Friday and was the biggest drag on the Dow after BMO Capital Markets downgraded the stock.
The S&P index recorded 25 new 52-week highs and no new low, while the Nasdaq recorded 196 new highs and 11 new lows.
(Reporting by Ambar Warrick and Shreyashi Sanyal in Bengaluru; Additional reporting by Lisa Pauline Mattackal; Editing by Shounak Dasgupta)
((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters Messaging: ambar.warrick.thomsonreuters.com@reuters.net; Twitter: @AmbarWarrick))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cruise operator Carnival Corp CCL.N rose 0.8%, while American Airlines Group AAL.O added 0.3%. By Ambar Warrick and Shreyashi Sanyal Dec 14 (Reuters) - Wall Street's main indexes rose on Monday as consumer stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals. Administration of the vaccine developed by Pfizer PFE.N and its German partner BioNTech BNTX.O began on Monday, after the shot received emergency-use approval from federal regulators last week.
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Cruise operator Carnival Corp CCL.N rose 0.8%, while American Airlines Group AAL.O added 0.3%. By Ambar Warrick and Shreyashi Sanyal Dec 14 (Reuters) - Wall Street's main indexes rose on Monday as consumer stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals. E-commerce company Alibaba Group Holding Ltd BABA.N shed 2.6% after China warned its internet majors of more anti-trust scrutiny, slapped fines and announced probes into deals involving Alibaba and Tencent Holdings Ltd 0700.HK.
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Cruise operator Carnival Corp CCL.N rose 0.8%, while American Airlines Group AAL.O added 0.3%. By Ambar Warrick and Shreyashi Sanyal Dec 14 (Reuters) - Wall Street's main indexes rose on Monday as consumer stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals. Uncertainty over more fiscal stimulus had cut short a recent rally in U.S. stocks, after the Senate last week approved a one-week extension of federal funding to avoid a government shutdown and to provide more time for negotiations on coronavirus relief and an overarching spending bill.
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Cruise operator Carnival Corp CCL.N rose 0.8%, while American Airlines Group AAL.O added 0.3%. By Ambar Warrick and Shreyashi Sanyal Dec 14 (Reuters) - Wall Street's main indexes rose on Monday as consumer stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals. Alexion Pharmaceuticals Inc ALXN.O was among the top boosts to the S&P 500 .SPX and the Nasdaq .IXIC, surging 31.0% to a 4-1/2 year high after British drugmaker AstraZeneca AZN.L, AZN.O said it would buy the U.S. biotech firm.
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4894.0
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2020-12-14 00:00:00 UTC
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US STOCKS-Wall St cheered by vaccine roll-out, mega M&A activity
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-cheered-by-vaccine-roll-out-mega-ma-activity-2020-12-14
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nan
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nan
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By Ambar Warrick and Shreyashi Sanyal
Dec 14 (Reuters) - Wall Street's main indexes rose on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.
Shipments of the Pfizer-BioNTech PFE.N, BNTX.O vaccine fanned out to distribution points across the United States on Sunday, with injections set to begin on Monday.
The inoculations are seen as pivotal toward ultimately halting the COVID-19 pandemic, which has claimed more than a million lives around the world and brought economic activity to a halt.
"There is no question the market is very optimistic about the vaccines finally being delivered," said Thomas Hayes, managing member at Great Hill Capital Llc in New York.
Cruise operators Carnival Corp CCL.N and Royal Caribbean Cruises RCL.N rose 4.1% and 0.5%, respectively, while stocks of major airline operators added between 0.7% and 3.1%, with American Airlines Group AAL.O leading gains.
Travel and leisure stocks are the worst hit by restrictions on movement due to the virus outbreak, and have reacted positively to any vaccine-related news.
Alexion Pharmaceuticals Inc ALXN.O was among the top boosts to the S&P 500 .SPX and the Nasdaq .IXIC, surging 29.9% to a 4-1/2 year high after British drugmaker AstraZeneca AZN.L, AZN.O said it would buy the U.S. biotech firm. AstraZeneca's U.S.-listed shares fell 6.7%.
"It is a sign that animal spirits are back ... companies are reluctant to do deals when they have a negative outlook on the future, but the fact that you are seeing these types of big deals on merger Mondays is a sign of things to come," Hayes added.
At 9:54 a.m. ET, the Dow Jones Industrial Average .DJI was up 242.50 points, or 0.81%, at 30,288.87, the S&P 500 .SPX was up 31.31 points, or 0.85%, at 3,694.77, and the Nasdaq Composite .IXIC was up 126.03 points, or 1.02%, at 12,503.91.
Healthcare stocks .SPXHC were among the best performing S&P 500 sectors on Monday.
U.S. stocks had rallied through the past few weeks, with the S&P 500 touching a series of record highs as markets bet on the swift approval and roll-out of a vaccine.
But uncertainty over more fiscal stimulus had stifled gains, after the Senate last week approved a one-week extension of federal funding to avoid a government shutdown and to provide more time for negotiations on coronavirus relief and an overarching spending bill.
Shares of delivery firms FedEx Corp FDX.N and United Parcel Service Inc UPS.N, which are leading the vaccine distribution project, rose 1.7% and 1.3%, respectively.
Among other movers, ecommerce company Alibaba Group Holding Ltd BABA.N shed 2.5% after China warned its internet majors of more anti-trust scrutiny, slapped fines and announced probes into deals involving Alibaba and Tencent Holdings Ltd 0700.HK.
Advancing issues outnumbered decliners by 3.29-to-1 on the NYSE and 3.00-to-1 on the Nasdaq.
The S&P index recorded 20 new 52-week highs and no new low, while the Nasdaq recorded 152 new highs and five new lows.
(Reporting by Ambar Warrick and Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta)
((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters Messaging: ambar.warrick.thomsonreuters.com@reuters.net; Twitter: @AmbarWarrick))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cruise operators Carnival Corp CCL.N and Royal Caribbean Cruises RCL.N rose 4.1% and 0.5%, respectively, while stocks of major airline operators added between 0.7% and 3.1%, with American Airlines Group AAL.O leading gains. By Ambar Warrick and Shreyashi Sanyal Dec 14 (Reuters) - Wall Street's main indexes rose on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals. "There is no question the market is very optimistic about the vaccines finally being delivered," said Thomas Hayes, managing member at Great Hill Capital Llc in New York.
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Cruise operators Carnival Corp CCL.N and Royal Caribbean Cruises RCL.N rose 4.1% and 0.5%, respectively, while stocks of major airline operators added between 0.7% and 3.1%, with American Airlines Group AAL.O leading gains. By Ambar Warrick and Shreyashi Sanyal Dec 14 (Reuters) - Wall Street's main indexes rose on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals. Among other movers, ecommerce company Alibaba Group Holding Ltd BABA.N shed 2.5% after China warned its internet majors of more anti-trust scrutiny, slapped fines and announced probes into deals involving Alibaba and Tencent Holdings Ltd 0700.HK.
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Cruise operators Carnival Corp CCL.N and Royal Caribbean Cruises RCL.N rose 4.1% and 0.5%, respectively, while stocks of major airline operators added between 0.7% and 3.1%, with American Airlines Group AAL.O leading gains. By Ambar Warrick and Shreyashi Sanyal Dec 14 (Reuters) - Wall Street's main indexes rose on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals. U.S. stocks had rallied through the past few weeks, with the S&P 500 touching a series of record highs as markets bet on the swift approval and roll-out of a vaccine.
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Cruise operators Carnival Corp CCL.N and Royal Caribbean Cruises RCL.N rose 4.1% and 0.5%, respectively, while stocks of major airline operators added between 0.7% and 3.1%, with American Airlines Group AAL.O leading gains. By Ambar Warrick and Shreyashi Sanyal Dec 14 (Reuters) - Wall Street's main indexes rose on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals. Alexion Pharmaceuticals Inc ALXN.O was among the top boosts to the S&P 500 .SPX and the Nasdaq .IXIC, surging 29.9% to a 4-1/2 year high after British drugmaker AstraZeneca AZN.L, AZN.O said it would buy the U.S. biotech firm.
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4895.0
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2020-12-14 00:00:00 UTC
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US STOCKS-Wall Street headed higher as travel stocks rally on vaccine roll-out
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-street-headed-higher-as-travel-stocks-rally-on-vaccine-roll-out-2020-12-14
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nan
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nan
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By Ambar Warrick and Shreyashi Sanyal
Dec 14 (Reuters) - Wall Street's main indexes were set for a strong open on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped following a bumper buyout offer from Britain's AstraZeneca.
Shipments of the Pfizer-BioNTech PFE.N, BNTX.O vaccine fanned out to distribution points across the United States on Sunday, with injections set to begin later on Monday.
The inoculations are seen as pivotal toward ultimately halting the COVID-19 pandemic, which has claimed more than a million lives around the world and bought economic activity to a halt.
"There is no question the market is very optimistic about the vaccines finally being delivered," said Thomas Hayes, managing member at Great Hill Capital Llc in New York.
Cruise operators Carnival Corp CCL.N and Royal Caribbean Cruises RCL.N rose 4.7% and 3.1%, respectively, in premarket trade, while stocks of major airline operators rose between 1.5% and 3.0%, with American Airlines Group AAL.O leading gains.
Travel and leisure stocks are the worst hit by restrictions on movement due to the virus outbreak, and have reacted positively to any vaccine-related news.
At 8:19 a.m. ET, Dow e-minis 1YMcv1 were up 247 points, or 0.82%, S&P 500 e-minis EScv1 were up 27 points, or 0.74%, and Nasdaq 100 e-minis NQcv1 were up 55.5 points, or 0.45%.
Alexion Pharmaceuticals Inc ALXN.O surged 31.3% and was set to hit a 4-1/2 year high after drugmaker AstraZeneca AZN.L, AZN.O said it would buy the U.S. biotech firm for $39 billion in one of this year's biggest mergers. AstraZeneca's U.S.-listed shares fell 5.8%.
"It is a sign that animal spirits are back ... companies are reluctant to do deals when they have a negative outlook on the future, but the fact that you are seeing these types of big deals on merger Mondays is a sign of things to come," Hayes added.
Shares of delivery firms FedEx Corp FDX.N and United Parcel Service Inc UPS.N, which are leading the vaccine distribution project, rose about 1.7% and 1.9%, respectively.
U.S. stocks had rallied through the past few weeks, with the S&P 500 touching a series of record highs as markets bet on the swift approval and roll-out of a vaccine.
But uncertainty over more fiscal stimulus had stifled gains, after the Senate last week approved a one-week extension of federal funding to avoid a government shutdown and to provide more time for negotiations on coronavirus relief and an overarching spending bill.
Among other movers, ecommerce company Alibaba Group Holding Ltd BABA.N shed 1.5% after China warned its internet majors of more anti-trust scrutiny, slapped fines and announced probes into deals involving Alibaba and Tencent Holdings Ltd 0700.HK.
(Reporting by Ambar Warrick and Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta)
((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters Messaging: ambar.warrick.thomsonreuters.com@reuters.net; Twitter: @AmbarWarrick))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cruise operators Carnival Corp CCL.N and Royal Caribbean Cruises RCL.N rose 4.7% and 3.1%, respectively, in premarket trade, while stocks of major airline operators rose between 1.5% and 3.0%, with American Airlines Group AAL.O leading gains. By Ambar Warrick and Shreyashi Sanyal Dec 14 (Reuters) - Wall Street's main indexes were set for a strong open on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped following a bumper buyout offer from Britain's AstraZeneca. "There is no question the market is very optimistic about the vaccines finally being delivered," said Thomas Hayes, managing member at Great Hill Capital Llc in New York.
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Cruise operators Carnival Corp CCL.N and Royal Caribbean Cruises RCL.N rose 4.7% and 3.1%, respectively, in premarket trade, while stocks of major airline operators rose between 1.5% and 3.0%, with American Airlines Group AAL.O leading gains. Alexion Pharmaceuticals Inc ALXN.O surged 31.3% and was set to hit a 4-1/2 year high after drugmaker AstraZeneca AZN.L, AZN.O said it would buy the U.S. biotech firm for $39 billion in one of this year's biggest mergers. Among other movers, ecommerce company Alibaba Group Holding Ltd BABA.N shed 1.5% after China warned its internet majors of more anti-trust scrutiny, slapped fines and announced probes into deals involving Alibaba and Tencent Holdings Ltd 0700.HK.
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Cruise operators Carnival Corp CCL.N and Royal Caribbean Cruises RCL.N rose 4.7% and 3.1%, respectively, in premarket trade, while stocks of major airline operators rose between 1.5% and 3.0%, with American Airlines Group AAL.O leading gains. By Ambar Warrick and Shreyashi Sanyal Dec 14 (Reuters) - Wall Street's main indexes were set for a strong open on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped following a bumper buyout offer from Britain's AstraZeneca. Alexion Pharmaceuticals Inc ALXN.O surged 31.3% and was set to hit a 4-1/2 year high after drugmaker AstraZeneca AZN.L, AZN.O said it would buy the U.S. biotech firm for $39 billion in one of this year's biggest mergers.
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Cruise operators Carnival Corp CCL.N and Royal Caribbean Cruises RCL.N rose 4.7% and 3.1%, respectively, in premarket trade, while stocks of major airline operators rose between 1.5% and 3.0%, with American Airlines Group AAL.O leading gains. By Ambar Warrick and Shreyashi Sanyal Dec 14 (Reuters) - Wall Street's main indexes were set for a strong open on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped following a bumper buyout offer from Britain's AstraZeneca. Shipments of the Pfizer-BioNTech PFE.N, BNTX.O vaccine fanned out to distribution points across the United States on Sunday, with injections set to begin later on Monday.
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4896.0
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2020-12-14 00:00:00 UTC
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Pre-Market Most Active for Dec 14, 2020 : NIO, SYBX, AZN, BFT, ANPC, SPCE, PS, AAL, ALXN, PFE, CCL, CHL
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-14-2020-%3A-nio-sybx-azn-bft-anpc-spce-ps-aal-alxn-pfe-ccl
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 44.26 to 12,419.67. The total Pre-Market volume is currently 52,741,935 shares traded.
The following are the most active stocks for the pre-market session:
NIO Inc. (NIO) is -2.19 at $39.79, with 13,754,716 shares traded. NIO's current last sale is 120.58% of the target price of $33.
Synlogic, Inc. (SYBX) is +0.94 at $3.18, with 9,561,730 shares traded. As reported by Zacks, the current mean recommendation for SYBX is in the "buy range".
Astrazeneca PLC (AZN) is -3.33 at $50.94, with 3,728,363 shares traded. As reported by Zacks, the current mean recommendation for AZN is in the "buy range".
Foley Trasimene Acquisition Corp. II (BFT) is +0.99 at $14.99, with 3,129,497 shares traded., following a 52-week high recorded in prior regular session.
AnPac Bio-Medical Science Co., Ltd. (ANPC) is +5.68 at $9.90, with 2,908,177 shares traded. ANPC's current last sale is 123.75% of the target price of $8.
Virgin Galactic Holdings, Inc. (SPCE) is -5.51 at $26.53, with 2,195,718 shares traded. SPCE's current last sale is 110.54% of the target price of $24.
Pluralsight, Inc. (PS) is +1.25 at $20.23, with 1,992,398 shares traded. As reported by Zacks, the current mean recommendation for PS is in the "buy range".
American Airlines Group, Inc. (AAL) is +0.57 at $17.62, with 1,989,668 shares traded. AAL's current last sale is 176.2% of the target price of $10.
Alexion Pharmaceuticals, Inc. (ALXN) is +37.47 at $158.45, with 1,809,398 shares traded. ALXN's current last sale is 109.28% of the target price of $145.
Pfizer, Inc. (PFE) is +0.45 at $41.57, with 1,429,431 shares traded. PFE's current last sale is 98.98% of the target price of $42.
Carnival Corporation (CCL) is +1.01 at $22.33, with 1,201,327 shares traded.CCL is scheduled to provide an earnings report on 12/18/2020, for the fiscal quarter ending Nov2020. The consensus earnings per share forecast is -1.86 per share, which represents a 62 percent increase over the EPS one Year Ago
China Mobile (Hong Kong) Ltd. (CHL) is +0.34 at $28.63, with 949,732 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 +0.57 at $17.62, with 1,989,668 shares traded. AAL's current last sale is 176.2% of the target price of $10. Foley Trasimene Acquisition Corp. II (BFT) is +0.99 at $14.99, with 3,129,497 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.57 at $17.62, with 1,989,668 shares traded. AAL's current last sale is 176.2% of the target price of $10. As reported by Zacks, the current mean recommendation for SYBX is in the "buy range".
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American Airlines Group, Inc. (AAL) is +0.57 at $17.62, with 1,989,668 shares traded. AAL's current last sale is 176.2% of the target price of $10. The total Pre-Market volume is currently 52,741,935 shares traded.
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American Airlines Group, Inc. (AAL) is +0.57 at $17.62, with 1,989,668 shares traded. AAL's current last sale is 176.2% of the target price of $10. The following are the most active stocks for the pre-market session:
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4897.0
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2020-12-12 00:00:00 UTC
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4 Ultra-Popular Robinhood Stocks That Could Drop 16% to 41%, According to Wall Street
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AAL
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https://www.nasdaq.com/articles/4-ultra-popular-robinhood-stocks-that-could-drop-16-to-41-according-to-wall-street-2020-12
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nan
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Stock market volatility has been off the charts for much of 2020, but that hasn't fazed millennial investors one bit. We know this because millions of novice and millennial investors have signed up for a Robinhood account this year.
Online investing app Robinhood is well known for offering commission-free trades, gifting free shares of stock to new members, and allowing fractional share investing. But it's also gained a reputation for its exceptionally young user base, which averages only 31 years in age. While it's fantastic to see young people putting their money to work in the world's greatest wealth creator, many of these users lack the tools or knowledge to successfully invest for their future. As a result, Robinhood's leaderboard (the 100 most-held stocks on the platform) is littered with terrible stocks.
When I say "terrible," you might think I'm exaggerating. But according to Wall Street's consensus price targets, four of the 12 most-held stocks on Robinhood are expected to fall between 16% and 41%.
Image source: Getty Images.
Tesla: Consensus 41% below current price
Electric-vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) is the second-most-popular holding on Robinhood, and it's galloped higher by well over 600% on a year-to-date basis. But based on Wall Street's consensus price target of $375.66, this innovative auto stock could lose 41% of its value.
There's no denying that Tesla has a lot going for it. The company looks to be on track to deliver north of 500,000 EVs in 2020, and announcements from its Battery Day event suggest that it'll remain the industry leader in battery range and power for some time to come. In other words, Tesla's first-mover advantage continues to strike a chord with car buyers and investors.
Yet, Tesla isn't profitable on a recurring basis solely from selling EVs. The company has regularly relied on selling emission credits to pump up its sales in what's historically been a highly capital-intensive, low-margin industry. While Wall Street is usually willing to overlook profitability for high-growth stocks, I'm not so sure that applies for a company sporting a $608 billion market cap.
Furthermore, all next-big-thing investment bubbles have eventually burst over the past quarter of a century. Whether it was the internet, business-to-business commerce, genomics, blockchain, or cannabis, these bubbles eventually popped when investors came to the conclusion that their expectations far exceeded reality. All industries need time to mature, and that includes EVs.
Image source: American Airlines.
American Airlines: Consensus 36% below current price
Airline stocks have also been blazing hot of late, with American Airlines Group (NASDAQ: AAL) leading the charge higher. The problem is that the sixth-most-held stock on Robinhood has a consensus price target of $11.08 on Wall Street, which is 36% lower than where its shares are currently trading.
The reason American Airlines has taken flight in recent weeks has to do with Pfizer/BioNTech and Moderna reporting phenomenal coronavirus vaccine efficacy in their respective interim analyses. If enough people take the vaccine, the pandemic could be stopped in its tracks within the next year. That would potentially open the floodgates for global travel.
The thing is, American Airlines is in poor financial shape, even if things go perfectly on the vaccine front. It's taken on a mountain of extra debt during the pandemic to boost its short-term capital, and is now lugging around in excess of $41 billion in debt. Servicing this debt is going to keep American Airlines' growth plans grounded for a long time.
What's more, as a condition for accepting federal COVID-19 assistance, American Airlines can no longer buy back its own stock or pay dividends. Without a capital return program, there are exactly zero reasons for long-term investors to put their money to work in American Airlines' stock.
Image source: Getty Images.
Aurora Cannabis: Consensus 21% below current price
Once the most popular stock on the entire Robinhood platform, Aurora Cannabis (NYSE: ACB) is now the 12th-most-held stock. What should concern investors is that its current share price is 21% higher than Wall Street's consensus price target.
Marijuana stocks, and especially Canadian pot stocks like Aurora, have been on fire in recent weeks following the U.S. election. Speculation is mounting that a more progressive political makeup in Washington, D.C., may push to legalize cannabis at the federal level. If weed were to be legalized federally, Canadian pot stocks would be able to enter the highly lucrative U.S. marijuana market.
This probably all sounds great on paper, but it's highly unlikely to happen. President-elect Biden has no intentions of doing anything more than decriminalizing marijuana and moving it one notch lower on the controlled-substance scale. And without a Democratic Party sweep in the upcoming Senate seat runoffs in Georgia, the idea of cannabis reforms can be kissed goodbye for at least another two years. Translation: Aurora Cannabis isn't entering the U.S. anytime soon.
More specific to Aurora, the company has been an utter train wreck. It's been constantly diluting its shareholders for years, and its previous management team grossly overspent to acquire unnecessary assets. Even with that team now gone, shareholders continue to pay the price for their actions. With profitability still years off, Aurora Cannabis is worth avoiding.
The NIO ES8 SUV. Image source: NIO.
NIO: Consensus 16% below current price
EV stocks are red-hot at the moment, with China-based NIO (NYSE: NIO) climbing to the No. 7 spot on Robinhood's leaderboard. But after gaining over 1,000% on a year-to-date basis, NIO's share price sits 16% above Wall Street's consensus price target for the company.
The optimism surrounding NIO is tied to the company's focus on the Chinese auto market. China should be the world's leading consumer of EVs, thereby giving NIO a clear path to gobble up share in a nascent market. NIO also delivered approximately 22,500 of its premium EV SUVs over the last two quarters, which sent sales soaring and pushed its gross vehicle margin into the black. After watching Tesla return over 10,000% in 10 years, investors appear to have anointed NIO as Tesla 2.0.
But NIO's $61 billion market cap is now almost equal to General Motors -- a profitable company that can produce as many vehicle as NIO did in all of 2019 in a single day. Companies like GM, Ford, Tesla, and a host of other major auto stocks are investing billions into EVs and autonomous vehicle production. In other words, NIO will not have an easy ride in China.
Additionally, NIO is still quite far away from reaching recurring profitability. As noted, the auto industry doesn't generate high margins, and NIO will be busy reinvesting in capacity expansion and innovation. Though cash is no longer a concern, it's unclear when the company will report profits and cash flow that even come close to supporting a $61 billion valuation.
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Sean Williams has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Tesla. 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: Consensus 36% below current price Airline stocks have also been blazing hot of late, with American Airlines Group (NASDAQ: AAL) leading the charge higher. While it's fantastic to see young people putting their money to work in the world's greatest wealth creator, many of these users lack the tools or knowledge to successfully invest for their future. Whether it was the internet, business-to-business commerce, genomics, blockchain, or cannabis, these bubbles eventually popped when investors came to the conclusion that their expectations far exceeded reality.
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American Airlines: Consensus 36% below current price Airline stocks have also been blazing hot of late, with American Airlines Group (NASDAQ: AAL) leading the charge higher. But based on Wall Street's consensus price target of $375.66, this innovative auto stock could lose 41% of its value. What should concern investors is that its current share price is 21% higher than Wall Street's consensus price target.
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American Airlines: Consensus 36% below current price Airline stocks have also been blazing hot of late, with American Airlines Group (NASDAQ: AAL) leading the charge higher. Aurora Cannabis: Consensus 21% below current price Once the most popular stock on the entire Robinhood platform, Aurora Cannabis (NYSE: ACB) is now the 12th-most-held stock. NIO: Consensus 16% below current price EV stocks are red-hot at the moment, with China-based NIO (NYSE: NIO) climbing to the No.
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American Airlines: Consensus 36% below current price Airline stocks have also been blazing hot of late, with American Airlines Group (NASDAQ: AAL) leading the charge higher. NIO: Consensus 16% below current price EV stocks are red-hot at the moment, with China-based NIO (NYSE: NIO) climbing to the No. After watching Tesla return over 10,000% in 10 years, investors appear to have anointed NIO as Tesla 2.0.
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4898.0
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2020-12-11 00:00:00 UTC
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FOCUS-United Airlines flight attendants raise alarm on crew quarantine protocols
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AAL
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https://www.nasdaq.com/articles/focus-united-airlines-flight-attendants-raise-alarm-on-crew-quarantine-protocols-2020-12
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nan
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nan
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By Tracy Rucinski
CHICAGO, Dec 11 (Reuters) - United Airlines UAL.O is telling some flight attendants whose colleagues test positive for COVID-19 to keep flying and monitor for symptoms, three employees told Reuters, raising concerns among staff about the policy.
"Most of us feel that's unsafe," said one of the employees. Reuters also viewed around a dozen comments in a private online group for United flight attendants, which expressed unease and frustration about loose quarantine and contract tracing protocols by the airline.
United's major rival American Airlines AAL.O, by contrast, removes all crew from service when they have worked with an infected person, a policy decision American flight attendants and the union representing them affirmed.
The Federal Aviation Administration (FAA) has issued COVID-19 policy recommendations but there are no government mandates on the topic. That has created inconsistent safety protocols across the industry, from how an airplane is boarded and blocking middle seats to inflight service and crew quarantines, unions said.
The Association of Flight Attendants-CWA (AFA), which represents crew at 17 airlines including United, said that it has received complaints from members about United not isolating all crew who have worked with an infected colleague.
"We've received concerns about quarantine protocols from flight attendants across the industry from carriers we represent and where we're organizing," said AFA spokeswoman Taylor Garland, who added some complaints were from flight attendants at Delta Air Lines DAL.N.
Asked about its policy and flight attendants' concerns, United did not dispute that it tells some to self-monitor and continue working after a colleague tests positive for COVID-19, saying it follows Centers for Disease Control and Prevention (CDC) guidance on quarantines for "close contacts."
The CDC defines close contact as being within 6 feet (1.83 m) of an infected person for a cumulative total of 15 minutes or more over 24 hours starting from two days before the onset of illness until isolation.
"If a flight attendant or pilot meets the criteria, we ask them to quarantine. If not, they are instructed to self-monitor," United spokeswoman Leslie Scott said. She declined to explain how it determines a close contact.
Delta spokesman Morgan Durrant said: "As we have throughout this pandemic, we follow guidelines from the CDC and other health authorities to ensure that all Delta people quarantine if they have prolonged, close contact with a Covid-19 positive individual."
United and Delta both said the safety and health of their customers and employees is their top priority and noted measures to combat the spread of COVID-19, including requiring masks and deeper cleaning.
Airlines say studies show that airplanes are "uniquely safe" thanks to hospital-grade air filtration systems, assuming people wear masks, and that flight crews have not contracted COVID-19 at higher rates than the rest of the U.S. population.
But as cases spike across the country, they are increasing among airline workers too.
AFA said it saw an average of 50 positive COVID-19 tests a week in November among roughly 25,000 active crew, up from about 10 weekly in the summer.
For an interactive graphic tracking the global spread of COVID-19, open https://graphics.reuters.com/world-coronavirus-tracker-and-maps/ in an external browser.
POTENTIAL EXPOSURE
The seeming discrepancy in quarantine protocols comes amid strained staffing after mass furloughs and as some airlines resume food and beverage service.
Flight attendants said they work closely even if they are assigned to different galleys and share several legs of a domestic shift and layovers.
Asked for details on its quarantine criteria, United said it follows the FAA's bulletin, the Safety Alert for Operators.
The Nov. 4 bulletin on quarantines says the FAA and CDC recommend that crew members with known exposure to COVID-19 not work until 14 days after the last potential exposure.
It also cites CDC guidance that even if crew members show no symptoms, they should not be allowed to work since they cannot remove themselves if they develop symptoms.
It notes "the challenges involved in effectively isolating a symptomatic person on board an aircraft."
Last week the CDC shortened the quarantine to seven days with a negative test and 10 without a test.
United's Scott said the airline was following the new guidance on the number of days close contacts should quarantine while the FAA works on updating the bulletin.
The union, however, has asked the FAA to maintain or strengthen the recommendation that any flight attendant potentially exposed to the virus quarantine for 14 days.
"With the pandemic worsening as winter approaches, it is unacceptable to backtrack on existing quarantine practices that are critical for limiting infections," AFA's director of air safety, Christopher Witkowski, said in a Dec. 5 letter seen by Reuters.
RISING STRAIN
Flight attendants are also worried about decisions by airlines including United to resume food and beverage service, which they say encourages people to remove masks.
Hot drinks are of particular concern because of blowing.
AFA has asked airlines to minimize onboard service and only serve cold food and drinks on shorter flights.
United encourages passengers to "keep it brief and replace their mask" when they are not eating or drinking, United's Scott said, and noted that United runs its air filtration systems from boarding to deplaning.
Between voluntary and involuntary departures, Chicago-based United has 60% fewer flight attendants than before the pandemic.
Staffing strains were evident last month when United's senior vice president of inflight services, John Slater, mentioned an "excessive" number of late sick calls by flight attendants in a memo to staff seen by Reuters. Slater said the late sick calls caused hundreds of missed connections.
The president of AFA's United chapter, Ken Diaz, hit back, saying: "The headache or aches and pains that we once came to work with are today indicators of a COVID-19 infection. And, try as we might to control when these symptoms appear, we're simply not able to do so."
FACTBOX-Latest on worldwide spread of the coronavirus
(Reporting by Tracy Rucinski in Chicago Editing by Tim Hepher and Matthew Lewis)
((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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United's major rival American Airlines AAL.O, by contrast, removes all crew from service when they have worked with an infected person, a policy decision American flight attendants and the union representing them affirmed. Asked about its policy and flight attendants' concerns, United did not dispute that it tells some to self-monitor and continue working after a colleague tests positive for COVID-19, saying it follows Centers for Disease Control and Prevention (CDC) guidance on quarantines for "close contacts." Airlines say studies show that airplanes are "uniquely safe" thanks to hospital-grade air filtration systems, assuming people wear masks, and that flight crews have not contracted COVID-19 at higher rates than the rest of the U.S. population.
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United's major rival American Airlines AAL.O, by contrast, removes all crew from service when they have worked with an infected person, a policy decision American flight attendants and the union representing them affirmed. By Tracy Rucinski CHICAGO, Dec 11 (Reuters) - United Airlines UAL.O is telling some flight attendants whose colleagues test positive for COVID-19 to keep flying and monitor for symptoms, three employees told Reuters, raising concerns among staff about the policy. Flight attendants are also worried about decisions by airlines including United to resume food and beverage service, which they say encourages people to remove masks.
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United's major rival American Airlines AAL.O, by contrast, removes all crew from service when they have worked with an infected person, a policy decision American flight attendants and the union representing them affirmed. By Tracy Rucinski CHICAGO, Dec 11 (Reuters) - United Airlines UAL.O is telling some flight attendants whose colleagues test positive for COVID-19 to keep flying and monitor for symptoms, three employees told Reuters, raising concerns among staff about the policy. The Association of Flight Attendants-CWA (AFA), which represents crew at 17 airlines including United, said that it has received complaints from members about United not isolating all crew who have worked with an infected colleague.
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United's major rival American Airlines AAL.O, by contrast, removes all crew from service when they have worked with an infected person, a policy decision American flight attendants and the union representing them affirmed. Asked about its policy and flight attendants' concerns, United did not dispute that it tells some to self-monitor and continue working after a colleague tests positive for COVID-19, saying it follows Centers for Disease Control and Prevention (CDC) guidance on quarantines for "close contacts." United's Scott said the airline was following the new guidance on the number of days close contacts should quarantine while the FAA works on updating the bulletin.
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4899.0
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2020-12-11 00:00:00 UTC
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Pre-Market Most Active for Dec 11, 2020 : LXRX, AAL, NIO, PFE, TSM, CCL, TPGY, IMMP, CHL, SQQQ, RIDE, SLDB
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-11-2020-%3A-lxrx-aal-nio-pfe-tsm-ccl-tpgy-immp-chl-sqqq-ride
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nan
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The NASDAQ 100 Pre-Market Indicator is down -67.38 to 12,334.36. The total Pre-Market volume is currently 49,597,670 shares traded.
The following are the most active stocks for the pre-market session:
Lexicon Pharmaceuticals, Inc. (LXRX) is +0.5702 at $3.89, with 7,502,254 shares traded. LXRX's current last sale is 178.86% of the target price of $2.175.
American Airlines Group, Inc. (AAL) is +0.05 at $18.04, with 2,670,531 shares traded. AAL's current last sale is 180.4% of the target price of $10.
NIO Inc. (NIO) is -2.61 at $42.61, with 2,368,473 shares traded. NIO's current last sale is 129.12% of the target price of $33.
Pfizer, Inc. (PFE) is +0.55 at $42.28, with 2,137,437 shares traded. PFE's current last sale is 100.67% of the target price of $42.
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is -0.33 at $103.90, with 1,877,846 shares traded. As reported by Zacks, the current mean recommendation for TSM is in the "buy range".
Carnival Corporation (CCL) is +0.0499 at $22.37, with 1,564,141 shares traded.CCL is scheduled to provide an earnings report on 12/18/2020, for the fiscal quarter ending Nov2020. The consensus earnings per share forecast is -1.86 per share, which represents a 62 percent increase over the EPS one Year Ago
TPG Pace Beneficial Finance Corp. (TPGY) is +13.9 at $25.00, with 1,506,311 shares traded.
Immutep Limited (IMMP) is -1.43 at $4.26, with 1,505,624 shares traded., following a 52-week high recorded in prior regular session.
China Mobile (Hong Kong) Ltd. (CHL) is -0.17 at $28.68, with 1,338,697 shares traded., following a 52-week high recorded in prior regular session.
ProShares UltraPro Short QQQ (SQQQ) is +0.35 at $17.45, with 819,329 shares traded. This represents a 8.05% increase from its 52 Week Low.
Lordstown Motors Corp. (RIDE) is +2.23 at $20.40, with 664,017 shares traded. RIDE's current last sale is 62.77% of the target price of $32.5.
Solid Biosciences Inc. (SLDB) is +0.7 at $4.40, with 649,377 shares traded. As reported in the last short interest update the days to cover for SLDB is 7.521681; this calculation is based on the average trading volume of the stock.
The views and 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 +0.05 at $18.04, with 2,670,531 shares traded. AAL's current last sale is 180.4% of the target price of $10. Carnival Corporation (CCL) is +0.0499 at $22.37, with 1,564,141 shares traded.CCL is scheduled to provide an earnings report on 12/18/2020, for the fiscal quarter ending Nov2020.
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American Airlines Group, Inc. (AAL) is +0.05 at $18.04, with 2,670,531 shares traded. AAL's current last sale is 180.4% of the target price of $10. The total Pre-Market volume is currently 49,597,670 shares traded.
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American Airlines Group, Inc. (AAL) is +0.05 at $18.04, with 2,670,531 shares traded. AAL's current last sale is 180.4% of the target price of $10. The total Pre-Market volume is currently 49,597,670 shares traded.
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American Airlines Group, Inc. (AAL) is +0.05 at $18.04, with 2,670,531 shares traded. AAL's current last sale is 180.4% of the target price of $10. The following are the most active stocks for the pre-market session:
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