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5000.0
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2020-11-22 00:00:00 UTC
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FOCUS-Boeing 737 MAX jets undergo round-the-clock effort to clear inventory
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AAL
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https://www.nasdaq.com/articles/focus-boeing-737-max-jets-undergo-round-the-clock-effort-to-clear-inventory-2020-11-22
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By Eric M. Johnson
MOSES LAKE, Wash., Nov 22 (Reuters) - The future of Boeing Co's BA.N freshly approved 737 MAX is in the hands of nearly 700 workers toiling behind the gray doors of a three-bay hangar at a desert airport in Washington state.
Inside, over an endless 24-hour loop, 737 MAX planes are rolled in for maintenance, and upgrades of software and systems as mandated by the U.S. Federal Aviation Administration in this week's order lifting a flight ban imposed after two crashes, the airport's director said.
In front, workers in bright yellow vests inspect the roughly 240 jets stored in giant grids at Grant County International Airport in Moses Lake - more than half of an inventory worth about $16 billion, according to investment firm Jefferies.
Analysts say clearing the logjam of up to 450 stored jets in total is crucial before Boeing can resume meaningful production of its traditional cash cow - a task complicated by the fact that buyers have in some cases walked away during the grounding.
While parked on the tarmac, each jet is fitted with red engine and wheel covers, a windshield screen to block out the sun, and a small generator powering cycles of fresh air and electricity through its systems - the aviation equivalent of life support.
"It's an enormous undertaking," the airport's director, Rich Muller, told Reuters. "But this go-ahead from the FAA has given them a real shot in the arm. It's really energized everyone."
The work at Moses Lake is a cornerstone of a global logistical and financial strategy under way at Boeing to clear a backlog of more than 800 mothballed 737 MAX jets. About 450 are Boeing property, and a further 387 were in airline service before the FAA's grounding order in March 2019.
Across the globe, Boeing teams are hammering out delivery schedules - and financial terms - with airlines who last year had to scale back schedules and fly aging jetliners because they lacked the aircraft to meet strong demand as the MAX grounding dragged on longer than airline and Boeing executives expected.
But the jet is returning at a time when the coronavirus pandemic has hammered demand for air travel and new jets. Boeing also faces new European trade tariffs and palpable mistrust of one of the most scrutinized brands in aviation.
"Airlines and the supply chain do not see major deliveries until 2022," said Arndt Schoenemann, managing director of supplier Liebherr-Aerospace Lindenberg. "Right now, COVID is the biggest problem for the industry."
A Boeing spokesman declined to comment beyond listing preparation steps before 737 MAXs go to customers, which include installing a flight control software upgrade to deal with a system tied to both crashes, separating wiring bundles that posed a potential safety hazard, and multiple tests including a test flight before a final FAA inspection.
WHITE TAILS
Airlines say it will take about two weeks to ready each plane for service with maintenance and software upgrades factored in, though Boeing has already deployed teams around the world to help companies get ready.
In a visual display of the jet demand slump, workers at Moses Lake on Thursday rolled a 737 MAX "white tail" - a jet without a buyer, or whose buyer has been changed - out of a long row of aircraft awash in the bright liveries of airline customers, ranging from customers American Airlines AAL.O to Norwegian Air NORR.OL. This week, Norwegian sought bankruptcy protection in Ireland.
Reuters counted 12 white tails at Moses Lake on Thursday, though sources say Boeing is worried about 100 such aircraft in inventory, or more.
Boeing declined to comment.
Jets are also stored at Boeing property in the Seattle area and in San Antonio, Texas.
Boeing is in discussions with several airlines, including Southwest, Delta and Alaska, hoping to stimulate demand for the jet. Deals are expected to include significant discounts, industry sources have said. But analysts caution cutting prices too far could upset other customers.
A fire sale could also depress resale values of such single-aisle jets - the cornerstone of a complex system of financing that has attracted capital to the industry, powered by relatively strong returns on planes which are seen as mobile real estate.
To kickstart the recovery of the MAX and contain any fallout to the jet's valuation while offering aggressive discounts to find new homes, Boeing is expected to line up a handful of large deals with marquee customers who will put them in long service.
The 737 MAX 8 has a list price of $122 million but the market long ago abandoned published prices as competition heated up. Most jets are privately sold well over 50% below the list price and the new MAX discount may be more, jet traders said.
Slowing the recovery, the FAA, which has faced accusations of being too close to Boeing in the past, has said it plans in-person inspections of each of the 450 planes, which could take at least a year to complete, prolonging the jets' deliveries.
Grant County International has been a strategically important asset for Boeing at least since the 1960s, and every MAX built in the Seattle area is flown there for touch-and-go landings or other tests.
The airport and abutting Boeing property has absorbed nearly 700 employees and contractors to aid the ungrounding effort, up from only a handful, Muller said.
Meanwhile, Boeing is paying some $51,000 per plane a month to park its MAXs, he added.
ANALYSIS-As regulators prepare to weigh in on 737 MAX, FAA's global dominance fades
BREAKINGVIEWS-Boeing’s next big hurdles are out of its control
FACTBOX-U.S. airlines to fly Boeing 737 MAX again after FAA lifts ban
TIMELINE-Boeing's 737 MAX crisis
FACTBOX-Key changes to Boeing's 737 MAX after fatal crashes
(Reporting by Eric M. Johnson in Moses Lake, Wash., and Tim Hepher in Paris Additional reporting by Francesca Landini in Milan, Tracy Rucinski in Chicago, David Shepardson in Washington and Allison Lampert in Montreal Editing by Matthew Lewis)
((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;))
The views and 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 a visual display of the jet demand slump, workers at Moses Lake on Thursday rolled a 737 MAX "white tail" - a jet without a buyer, or whose buyer has been changed - out of a long row of aircraft awash in the bright liveries of airline customers, ranging from customers American Airlines AAL.O to Norwegian Air NORR.OL. Inside, over an endless 24-hour loop, 737 MAX planes are rolled in for maintenance, and upgrades of software and systems as mandated by the U.S. Federal Aviation Administration in this week's order lifting a flight ban imposed after two crashes, the airport's director said. In front, workers in bright yellow vests inspect the roughly 240 jets stored in giant grids at Grant County International Airport in Moses Lake - more than half of an inventory worth about $16 billion, according to investment firm Jefferies.
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In a visual display of the jet demand slump, workers at Moses Lake on Thursday rolled a 737 MAX "white tail" - a jet without a buyer, or whose buyer has been changed - out of a long row of aircraft awash in the bright liveries of airline customers, ranging from customers American Airlines AAL.O to Norwegian Air NORR.OL. A Boeing spokesman declined to comment beyond listing preparation steps before 737 MAXs go to customers, which include installing a flight control software upgrade to deal with a system tied to both crashes, separating wiring bundles that posed a potential safety hazard, and multiple tests including a test flight before a final FAA inspection. ANALYSIS-As regulators prepare to weigh in on 737 MAX, FAA's global dominance fades BREAKINGVIEWS-Boeing’s next big hurdles are out of its control FACTBOX-U.S. airlines to fly Boeing 737 MAX again after FAA lifts ban TIMELINE-Boeing's 737 MAX crisis FACTBOX-Key changes to Boeing's 737 MAX after fatal crashes (Reporting by Eric M. Johnson in Moses Lake, Wash., and Tim Hepher in Paris Additional reporting by Francesca Landini in Milan, Tracy Rucinski in Chicago, David Shepardson in Washington and Allison Lampert in Montreal Editing by Matthew Lewis) ((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;)) The views and 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 a visual display of the jet demand slump, workers at Moses Lake on Thursday rolled a 737 MAX "white tail" - a jet without a buyer, or whose buyer has been changed - out of a long row of aircraft awash in the bright liveries of airline customers, ranging from customers American Airlines AAL.O to Norwegian Air NORR.OL. Across the globe, Boeing teams are hammering out delivery schedules - and financial terms - with airlines who last year had to scale back schedules and fly aging jetliners because they lacked the aircraft to meet strong demand as the MAX grounding dragged on longer than airline and Boeing executives expected. ANALYSIS-As regulators prepare to weigh in on 737 MAX, FAA's global dominance fades BREAKINGVIEWS-Boeing’s next big hurdles are out of its control FACTBOX-U.S. airlines to fly Boeing 737 MAX again after FAA lifts ban TIMELINE-Boeing's 737 MAX crisis FACTBOX-Key changes to Boeing's 737 MAX after fatal crashes (Reporting by Eric M. Johnson in Moses Lake, Wash., and Tim Hepher in Paris Additional reporting by Francesca Landini in Milan, Tracy Rucinski in Chicago, David Shepardson in Washington and Allison Lampert in Montreal Editing by Matthew Lewis) ((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;)) The views and 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 a visual display of the jet demand slump, workers at Moses Lake on Thursday rolled a 737 MAX "white tail" - a jet without a buyer, or whose buyer has been changed - out of a long row of aircraft awash in the bright liveries of airline customers, ranging from customers American Airlines AAL.O to Norwegian Air NORR.OL. About 450 are Boeing property, and a further 387 were in airline service before the FAA's grounding order in March 2019. A Boeing spokesman declined to comment beyond listing preparation steps before 737 MAXs go to customers, which include installing a flight control software upgrade to deal with a system tied to both crashes, separating wiring bundles that posed a potential safety hazard, and multiple tests including a test flight before a final FAA inspection.
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5001.0
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2020-11-20 00:00:00 UTC
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Delta, WestJet scrap planned joint venture after U.S. demands
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AAL
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https://www.nasdaq.com/articles/delta-westjet-scrap-planned-joint-venture-after-u.s.-demands-2020-11-20
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By David Shepardson
WASHINGTON, Nov 20 (Reuters) - Delta Air Lines DAL.N and Canada's WestJet said late on Friday they had scrapped a proposed U.S.-Canada joint venture after the U.S. government demanded changes the airlines insisted were "unreasonable and unacceptable".
Last month, the U.S. Transportation Department as part of its tentative antitrust immunity approval said it would require the carriers to remove Swoop, an ultra low-cost carrier affiliate of WestJet, from the alliance, and divest 16 takeoff and landing slots at New York's LaGuardia Airport.
The airlines said in a filing that the U.S. demands were "arbitrary and capricious" especially the slot divestitures. They had argued the alliance would "optimize aircraft utilization, enhance schedules, and lower costs."
The airlines said in a joint statement they remain committed to developing a joint venture "but in the meantime will explore deepening the alliance."
The U.S. Transportation Department did not immediately comment on Friday.
The Delta-WestJet joint venture would have had a combined 27% share of scheduled air carrier transborder capacity, while the dominant carrier, Air Canada AC.TO, has 45%.
WestJet is owned by private equity firm Onex Corp ONEX.TO.
Canada, with 38 million people, is the second-largest U.S. international passenger air market after Mexico, with Toronto flights accounting for over 50% of transborder air travel demand.
U.S.-Canada transborder flight capacity has grown 15% over the last five years to 39 million seats annually, but passenger traffic has plummeted sharply in the face of the coronavirus pandemic.
The airlines' application had been pending with U.S. officials for more than two years. The Canadian Competition Bureau conducted its own review and granted an unconditional "no action" letter in June 2019.
U.S. air carriers had urged slot divestitures at LaGuardia, noting American Airlines AAL.O, Delta and United Air Lines UAL.O control 83% of all slots, with Delta controlling 45% of flights.
WestJet and Delta said losing slots would deprive them "of critical operating rights at one of the most important strategic hubs in Delta's global network at a time when Delta is
investing billions of dollars of its own capital in a comprehensive facilities improvement project at this airport."
They would be forced, the airlines added, "to sell these strategic corporate assets during a global pandemic that has inflicted an unprecedented crisis on this industry, virtually
ensuring that they would be sold at a fire sale price."
(Reporting by David Shepardson; Editing by Lincoln Feast and Jacqueline Wong)
((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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U.S. air carriers had urged slot divestitures at LaGuardia, noting American Airlines AAL.O, Delta and United Air Lines UAL.O control 83% of all slots, with Delta controlling 45% of flights. By David Shepardson WASHINGTON, Nov 20 (Reuters) - Delta Air Lines DAL.N and Canada's WestJet said late on Friday they had scrapped a proposed U.S.-Canada joint venture after the U.S. government demanded changes the airlines insisted were "unreasonable and unacceptable". U.S.-Canada transborder flight capacity has grown 15% over the last five years to 39 million seats annually, but passenger traffic has plummeted sharply in the face of the coronavirus pandemic.
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U.S. air carriers had urged slot divestitures at LaGuardia, noting American Airlines AAL.O, Delta and United Air Lines UAL.O control 83% of all slots, with Delta controlling 45% of flights. By David Shepardson WASHINGTON, Nov 20 (Reuters) - Delta Air Lines DAL.N and Canada's WestJet said late on Friday they had scrapped a proposed U.S.-Canada joint venture after the U.S. government demanded changes the airlines insisted were "unreasonable and unacceptable". The Delta-WestJet joint venture would have had a combined 27% share of scheduled air carrier transborder capacity, while the dominant carrier, Air Canada AC.TO, has 45%.
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U.S. air carriers had urged slot divestitures at LaGuardia, noting American Airlines AAL.O, Delta and United Air Lines UAL.O control 83% of all slots, with Delta controlling 45% of flights. By David Shepardson WASHINGTON, Nov 20 (Reuters) - Delta Air Lines DAL.N and Canada's WestJet said late on Friday they had scrapped a proposed U.S.-Canada joint venture after the U.S. government demanded changes the airlines insisted were "unreasonable and unacceptable". The Delta-WestJet joint venture would have had a combined 27% share of scheduled air carrier transborder capacity, while the dominant carrier, Air Canada AC.TO, has 45%.
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U.S. air carriers had urged slot divestitures at LaGuardia, noting American Airlines AAL.O, Delta and United Air Lines UAL.O control 83% of all slots, with Delta controlling 45% of flights. The Delta-WestJet joint venture would have had a combined 27% share of scheduled air carrier transborder capacity, while the dominant carrier, Air Canada AC.TO, has 45%. Canada, with 38 million people, is the second-largest U.S. international passenger air market after Mexico, with Toronto flights accounting for over 50% of transborder air travel demand.
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5002.0
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2020-11-20 00:00:00 UTC
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7 Airline Stocks to Watch If a Coronavirus Vaccine Is Near
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AAL
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https://www.nasdaq.com/articles/7-airline-stocks-to-watch-if-a-coronavirus-vaccine-is-near-2020-11-20
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Do we finally have blue skies ahead for airline stocks? It’s too early to sound the all-clear, but things are certainly looking up. The announcement of the Pfizer (NYSE:PFE) vaccine breakthrough last week set off a seismic shift in the stock market. Traders started to dump their tech and work-from-home stocks while buying out-of-favor airlines, cruise companies, restaurants, retailers and other pandemic-recovery shares.
And that makes a ton of sense. Since then, we’ve heard even more positive news. For example, the Moderna (NASDAQ:MRNA) vaccine also delivered excellent results in clinical trials, giving the world a safety net if anything goes wrong with the Pfizer candidate.
As such, we can hopefully start looking forward to a post-pandemic world once and for all.
7 Cyclical Stocks Still Hoping for Another Stimulus Round
So, with the aviation and aerospace sectors on the mend, traders can start making moves in these names. Here are the outlooks for seven leading airline stocks:
United Airlines (NASDAQ:UAL)
Southwest Airlines (NYSE:LUV)
American Airlines (NASDAQ:AAL)
Delta Airlines (NYSE:DAL)
Hawaiian Airlines (NASDAQ:HA)
Volaris (NYSE:VLRS)
Copa Airlines (NYSE:CPA)
Airline Stocks to Buy: United Airlines (UAL)
UAL) plane with "united" written above passenger windows" width="300" height="169" />
Source: travelview / Shutterstock.com
United Airlines finds itself in a middle ground, as far as the major U.S. carriers go. It’s in a much better financial situation than American, ensuring that it has some flexibility. However, its situation is more precarious than either that of Southwest or Delta. As a result, UAL stock is potentially the most intriguing of the four big airline stocks. It has a wide range of potential outcomes — from very good all the way through a near wipe-out.
So far, things appear to be going reasonably well for United, however. That said, analysts expect United Airlines to lose $26.50 per share in earnings in 2020. That’s not a misprint — the company is set to lose something along the order of $7 billion or $8 billion for the year. Analysts expect another sizable loss for 2021 as well, something in the range of a little over $4 per share.
Considering that UAL stock started the year at $90 — before there was any pandemic — and has lost $30 or so outright from its negative earnings, it’d be highly unlikely that the stock would go back over $60 a share anytime soon. Factor in some longer-term loss of demand — and the negative effects of United’s capital raises this year — and the market price makes sense now.
If UAL stock was worth $90 before, it’s probably not worth more than $40 or $50 per share now. Therefore, shares seem pretty fairly priced at the moment.
Southwest Airlines (LUV)
LUV) plane mid-flight with mountains in background" width="300" height="169">
Source: Eliyahu Yosef Parypa / Shutterstock.com
In 1978, the government deregulated the airline industry. That allowed airlines to compete directly on price and launch competitive fare and market share wars against each other. It also allowed formerly regional airlines like Southwest to compete on a national level. This deregulation was devastating for most airline carriers — in fact, all but one of the country’s significant airlines went bankrupt subsequently.
The one exception? Southwest Airlines. Incredibly enough, LUV stock has produced a total return of around 36,000% since deregulation was enacted in 1978. That’s a pretty great figure for a company in such an historically challenged industry.
Southwest’s prior superior returns were built on a few key distinct edges. For a long time, the company had best-in-class fuel hedges, insulating it from the high oil prices that crushed other airlines between 2007 and 2012. The firm also had a much lower cost base than other airlines as it avoided high cost unionized labor contracts and expensive big city airports.
In recent years, many of Southwest’s old advantages have eroded, though. The firm is no longer a scrappy upstart but instead one of the big dogs. As such, its ability to operate distinctly has slipped a degree. In other words, don’t expect LUV stock to be the massive winner it used to be.
8 Tech Stocks That Could Benefit from a Biden Presidency
Still — with a best-in-industry balance sheet and astute management — Southwest is a fine choice for investors seeking a safe holding among otherwise volatile airline stocks.
Delta Airlines (DAL)
DAL) logo" width="300" height="169">
Source: Lerner Vadim / Shutterstock.com
Of the big three legacy carriers, Delta entered 2020 with by far the best financial position. This has given the company a ton of flexibility in dealing with the pandemic. DAL has avoided engaging in the level of dilution and asset sales that other major carriers have had to endure.
Additionally, Delta’s losses have been a smaller proportion of its prior valuation. To put some numbers on that, DAL stock traded around $60 heading into 2020. Now, analysts expect it to lose just over $10 per share for this year — a far better ratio than United. All that is to say that Delta has seen a much smaller impairment of its pre-pandemic value than its rivals.
Currently, Delta stock largely reflects this advantaged position — its shares are only down about 36% for the year. As the safest play of the three major legacy airlines, DAL stock is a reasonable pick here. Assuming that air travel picks up steam again early next year, the stock could make it back to the $50 mark over the next few months. That makes it one of the more promising airline stocks.
American Airlines (AAL)
AAL) airplane waiting on the tarmac." width="300" height="169">
Source: GagliardiPhotography / Shutterstock.com
Next on my list of airline stocks is American Airlines, which had a terrible 2020. Heading into the pandemic, the company was arguably the most aggressive of the major airlines. It took on tens of billions of dollars of debt in large part to buy back more of its own stock.
It appears American believed that the airline industry had overcome its previous problems and would be profitable forevermore. Back in 2017, CEO Dough Parker said while discussing airlines, “The old world was darkness, but now it’s light […] I know I sound like an evangelist talking about this.” He continued, “I don’t think we’re ever going to lose money again.”
Of course, that faith was misguided. And because American spent so heavily on share buybacks and other unnecessary expenses, it entered the pandemic with the most debt out of all the major carriers.
7 Best 5G Stocks to Buy for the Next Revolution in Tech
As a result, American has had to dilute shareholders massively to raise cash and keep the lights on. And as its losses keep piling up, the company will be forced to issue even more shares and high-yield debt. That will keep a lid on the price of AAL stock.
Hawaiian Airlines (HA)
Source: Shutterstock
While Hawaiian Airlines isn’t the most well-known American carrier, it did stand out from the other airline stocks this past week.
Last Monday — the day the Pfizer vaccine news hit — HA stock was the single biggest gainer out of its sector. Shares soared more than 50%. HA stock’s ability to surge that much in value in one day speaks to both the risk and opportunity bound up in the regional carrier.
What makes Hawaiian Airlines unique? Namely, the company is a heavy play on tourism. According to Hawaii’s state government, the state has suffered far worse than the national economy overall. Analysts see Hawaii’s economy shrinking 12.3% for full-year 2020. That’s far worse than the 5% contraction the U.S. economy is expected to face for the year.
The reason for Hawaii’s striking underperformance isn’t hard to identify — Hawaii’s tourism arrivals plummeted 98.8% in the second quarter year-over-year (YOY). Missing tourists meant missing ticket sales for Hawaiian Airlines. Furthermore, the collapse of the tourism industry has dealt a crushing blow to Hawaii’s local businesses overall.
But the good news is that while Hawaii is among the hardest-hit states, it could be poised for a huge comeback. Assuming the vaccine is successful and widely available soon, the company’s shares could mount a breath-taking recovery. Already, the Hawaii state government has lifted its former mandatory 14-day self-quarantine for passengers arriving on the islands. And Hawaiian Airlines still had $979 million in cash as of the last earnings report.
Combine these factors and Hawaiian Airlines should have enough runway to last until tourism springs back to life in 2021.
Volaris (VLRS)
Source: Shutterstock
Another pick of the airline stocks that investors should consider is Mexican hyper-discounter Volaris. The company is attractive for several reasons when compared against much of its United States-based competition.
For one, Volaris has a much lower cost base as it pays many of its expenses in Mexican Pesos rather than U.S. Dollars — for instance, the wage difference between a pilot based in Mexico City versus New York City can be considerable. More broadly, the company is run with an ultra-low-cost structure. It has a lean streamlined flight offering with minimal frills.
This means that, historically, Volaris has had more correlation to the price of oil than other airlines. That’s because jet fuel is proportionally a much larger chunk of Volaris’ cost base. Therefore — given the current economic tailspin — the airline is benefiting more than its competitors. The cost of jet fuel has plummeted and that matters much more to Volaris’ bottom line than rival airlines that have overhead in other areas.
Further, Mexico’s aviation business is already roaring back. Based on the numbers filed by three of Mexico’s publicly traded airport operators — ASUR, PAC and OMA — traffic is now back to 55% of normal levels. This is far ahead of what we’re seeing in the U.S. and Europe. Volaris itself is back to 82% of normal traffic levels, absorbing passengers from struggling competitors.
7 Value Stocks That Could Make You the Next Warren Buffett
Mexico had a huge Covid-19 wave this summer, but it faded quickly. As a result, it has been able to get back to something like normal much faster than the rest of North America. The country has already had its international borders and tourism sector open for months now. This should benefit Volaris greatly in the coming months. VLRS stock has already run up a bunch in recent weeks, but it’s one to consider buying on pullbacks.
Copa Airlines (CPA)
Source: Carlos Yudica/Shutterstock.com
Sticking with Latin America, the last pick on my list of airline stocks is Copa, the main airline of Panama. While Panama itself is a small market, Copa has an extensive hub and spoke system running from the United States far into South America through the centrally located Panama City airport. And — for what it’s worth — CPA has historically outperformed most of its peers, both in North America and Latin America.
Part of this is due to specific competitive advantages. For example, there’s no major rival airline in most of Central America. That has allowed Copa to charge unusually high fares on short routes in and around its core Panama City airport. More broadly, management has also avoided the temptation to grow too quickly, avoiding the empire-building that felled now-bankrupt rivals Latam (OTCMKTS:LTMAQ) and Avianca (OTCMKTS:AVHOQ). These fundamental strengths should help CPA stock continue its recovery going forward.
On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.
The post 7 Airline Stocks to Watch If a Coronavirus Vaccine Is Near 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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Here are the outlooks for seven leading airline stocks: United Airlines (NASDAQ:UAL) Southwest Airlines (NYSE:LUV) American Airlines (NASDAQ:AAL) Delta Airlines (NYSE:DAL) Hawaiian Airlines (NASDAQ:HA) Volaris (NYSE:VLRS) Copa Airlines (NYSE:CPA) Airline Stocks to Buy: United Airlines (UAL) UAL) plane with "united" written above passenger windows" width="300" height="169" /> Source: travelview / Shutterstock.com United Airlines finds itself in a middle ground, as far as the major U.S. carriers go. American Airlines (AAL) AAL) airplane waiting on the tarmac." That will keep a lid on the price of AAL stock.
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Here are the outlooks for seven leading airline stocks: United Airlines (NASDAQ:UAL) Southwest Airlines (NYSE:LUV) American Airlines (NASDAQ:AAL) Delta Airlines (NYSE:DAL) Hawaiian Airlines (NASDAQ:HA) Volaris (NYSE:VLRS) Copa Airlines (NYSE:CPA) Airline Stocks to Buy: United Airlines (UAL) UAL) plane with "united" written above passenger windows" width="300" height="169" /> Source: travelview / Shutterstock.com United Airlines finds itself in a middle ground, as far as the major U.S. carriers go. American Airlines (AAL) AAL) airplane waiting on the tarmac." That will keep a lid on the price of AAL stock.
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Here are the outlooks for seven leading airline stocks: United Airlines (NASDAQ:UAL) Southwest Airlines (NYSE:LUV) American Airlines (NASDAQ:AAL) Delta Airlines (NYSE:DAL) Hawaiian Airlines (NASDAQ:HA) Volaris (NYSE:VLRS) Copa Airlines (NYSE:CPA) Airline Stocks to Buy: United Airlines (UAL) UAL) plane with "united" written above passenger windows" width="300" height="169" /> Source: travelview / Shutterstock.com United Airlines finds itself in a middle ground, as far as the major U.S. carriers go. American Airlines (AAL) AAL) airplane waiting on the tarmac." That will keep a lid on the price of AAL stock.
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Here are the outlooks for seven leading airline stocks: United Airlines (NASDAQ:UAL) Southwest Airlines (NYSE:LUV) American Airlines (NASDAQ:AAL) Delta Airlines (NYSE:DAL) Hawaiian Airlines (NASDAQ:HA) Volaris (NYSE:VLRS) Copa Airlines (NYSE:CPA) Airline Stocks to Buy: United Airlines (UAL) UAL) plane with "united" written above passenger windows" width="300" height="169" /> Source: travelview / Shutterstock.com United Airlines finds itself in a middle ground, as far as the major U.S. carriers go. American Airlines (AAL) AAL) airplane waiting on the tarmac." That will keep a lid on the price of AAL stock.
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5003.0
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2020-11-20 00:00:00 UTC
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Breakingviews - Corona Capital: U.S. airlines
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AAL
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https://www.nasdaq.com/articles/breakingviews-corona-capital%3A-u.s.-airlines-2020-11-20
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nan
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nan
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Reuters
Reuters
NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
LATEST
- U.S. airlines
HOMEBOUND. Airline companies are in for another reckoning. The Centers for Disease Control and Prevention on Thursday urged people not to travel over the U.S. Thanksgiving holiday taking place next week. Covid-19 is raging across the midsection of the country. In Wyoming, currently one of the hardest-hit states, the positivity rate was nearly 15% in the last seven days, according to Covid Act Now.
Airline companies including United Airlines are feeling the effects of increased cases. It said on Thursday that cancellations are on the rise. At the same time, American Airlines is backing off from charging fees to make changes to international flights.
The chief executives of the seven largest U.S. airlines made a fresh plea for cash in a letter to Congress this week. Further lockdowns could mean that travel is stricken through the end of the year. It could also mean that airlines’ cries for help will be heard. (By Lauren Silva Laughlin)
CHEAPER BY THE DOZEN. The European Union is flexing its negotiating muscles once again – this time by grabbing a bargain on a coronavirus vaccine. The bloc has sealed a deal with Pfizer and BioNTech to pay 15.50 euros ($18.34) per dose, according to Reuters, for the 200 million doses it has pre-ordered and 100 million additional ones it has the option of buying. That’s 6% cheaper than the implied price of $19.50 per dose for an initial 100 million doses agreed by the United States in July.
Europe often buys drugs at a discount to America – a product of its larger population and the fact that countries pool resources to increase their bargaining power. The bloc was hit harder and faster by the virus than many other regions. Finally its citizens have a small dose of good news. (By Aimee Donnellan)
HARE-BRAINED. Investors selling out of Britain’s second-biggest listed software company, $8.5 billion Sage, are acting rashly. The group’s market value fell 14% on Friday after Chief Executive Steve Hare said he would invest in marketing and product development to get more small businesses buying his accounting software. The operating margin for the financial year to September 2021 could be 3 percentage points below last year’s 22%.
It seems Hare is having to buy additional growth amid the pandemic. But the valuation is cheap: Sage’s shares offer a near 3% dividend yield, compared with the FTSE 100 Index’s 2%. Historically, Sage has traded with a lower yield because of its growth and perceived safety. Despite its troubles, the company is still a steady software business with a large part of its revenue coming from recurring subscriptions. A hefty discount to the index seems unwise. (By Liam Proud)
LESS LUXURIOUS. Extravagance is out for 2020. The luxury goods market will shrink 23% this year to 217 billion euros ($258 billion), the first decline since 2009, according to consultancy Bain. Even as Europe suffers, sales are set to grow in mainland China by a robust 45% at current exchange rates, mirroring the country’s broader recovery. Notably, tourists worldwide are buying more in their home countries, and the proportion of online shopping for pricey handbags, shoes and more nearly doubled to 23%.
After an anticipated 60% fall in operating profit for the industry, Bain foresees a rebound as early as the end of 2022. A vaccine might help spur international travel sooner. For now, the action is concentrated. Louis Vuitton owner LVMH, whose shares are up 18% this year, has pointed to China, while Richemont is chasing the market by investing alongside Alibaba in deluxe e-tailer Farfetch. Expect more such fancy purchases to come. (By Sharon Lam)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Europe often buys drugs at a discount to America – a product of its larger population and the fact that countries pool resources to increase their bargaining power. Even as Europe suffers, sales are set to grow in mainland China by a robust 45% at current exchange rates, mirroring the country’s broader recovery. Louis Vuitton owner LVMH, whose shares are up 18% this year, has pointed to China, while Richemont is chasing the market by investing alongside Alibaba in deluxe e-tailer Farfetch.
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Airline companies including United Airlines are feeling the effects of increased cases. Investors selling out of Britain’s second-biggest listed software company, $8.5 billion Sage, are acting rashly. The luxury goods market will shrink 23% this year to 217 billion euros ($258 billion), the first decline since 2009, according to consultancy Bain.
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Airline companies including United Airlines are feeling the effects of increased cases. The bloc has sealed a deal with Pfizer and BioNTech to pay 15.50 euros ($18.34) per dose, according to Reuters, for the 200 million doses it has pre-ordered and 100 million additional ones it has the option of buying. The group’s market value fell 14% on Friday after Chief Executive Steve Hare said he would invest in marketing and product development to get more small businesses buying his accounting software.
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Airline companies are in for another reckoning. The group’s market value fell 14% on Friday after Chief Executive Steve Hare said he would invest in marketing and product development to get more small businesses buying his accounting software. The luxury goods market will shrink 23% this year to 217 billion euros ($258 billion), the first decline since 2009, according to consultancy Bain.
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5004.0
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2020-11-20 00:00:00 UTC
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Pre-Market Most Active for Nov 20, 2020 : LGVW, NIO, YSG, FCEL, CCL, AAL, PFE, PLTR, AMRN, LI, KNDI, NUAN
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-20-2020-%3A-lgvw-nio-ysg-fcel-ccl-aal-pfe-pltr-amrn-li-kndi
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 12.73 to 11,998.16. The total Pre-Market volume is currently 19,571,048 shares traded.
The following are the most active stocks for the pre-market session:
Longview Acquisition Corp. (LGVW) is +0.79 at $10.65, with 2,328,572 shares traded.
NIO Inc. (NIO) is +0.01 at $48.46, with 1,979,060 shares traded. NIO's current last sale is 161.53% of the target price of $30.
Yatsen Holding Limited (YSG) is +1.9 at $20.30, with 1,723,840 shares traded.
FuelCell Energy, Inc. (FCEL) is +0.03 at $5.39, with 1,570,458 shares traded. FCEL's current last sale is 239.56% of the target price of $2.25.
Carnival Corporation (CCL) is -0.1 at $18.09, with 1,322,167 shares traded. CCL's current last sale is 120.6% of the target price of $15.
American Airlines Group, Inc. (AAL) is +0.04 at $12.83, with 1,315,140 shares traded. AAL's current last sale is 128.3% of the target price of $10.
Pfizer, Inc. (PFE) is +0.69 at $36.88, with 1,292,252 shares traded. PFE's current last sale is 87.81% of the target price of $42.
Palantir Technologies Inc. (PLTR) is +0.24 at $19.22, with 1,169,488 shares traded. PLTR's current last sale is 132.55% of the target price of $14.5.
Amarin Corporation plc (AMRN) is +0.6 at $5.14, with 1,021,746 shares traded. As reported by Zacks, the current mean recommendation for AMRN is in the "buy range".
Li Auto Inc. (LI) is +0.61 at $37.35, with 799,492 shares traded. LI's current last sale is 143.65% of the target price of $26.
Kandi Technologies Group, Inc. (KNDI) is -0.02 at $14.39, with 760,427 shares traded. KNDI's current last sale is 119.92% of the target price of $12.
Nuance Communications, Inc. (NUAN) is -0.31 at $39.40, with 539,877 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 +0.04 at $12.83, with 1,315,140 shares traded. AAL's current last sale is 128.3% of the target price of $10. Amarin Corporation plc (AMRN) is +0.6 at $5.14, with 1,021,746 shares traded.
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American Airlines Group, Inc. (AAL) is +0.04 at $12.83, with 1,315,140 shares traded. AAL's current last sale is 128.3% of the target price of $10. NIO's current last sale is 161.53% of the target price of $30.
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American Airlines Group, Inc. (AAL) is +0.04 at $12.83, with 1,315,140 shares traded. AAL's current last sale is 128.3% of the target price of $10. The total Pre-Market volume is currently 19,571,048 shares traded.
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American Airlines Group, Inc. (AAL) is +0.04 at $12.83, with 1,315,140 shares traded. AAL's current last sale is 128.3% of the target price of $10. NIO's current last sale is 161.53% of the target price of $30.
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5005.0
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2020-11-20 00:00:00 UTC
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American Airlines Drops Change Fees For International Flights
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AAL
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https://www.nasdaq.com/articles/american-airlines-drops-change-fees-for-international-flights-2020-11-20
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nan
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nan
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(RTTNews) - American Airlines decided to do away with change fees for long-haul international flights, the Airliner said in a statement.
Effective immediately, the company will stop charging change fee for tickets across all classes, except basic economy, in international flights originating from North or South America, the U.S carrier said.
"We are committed to making travel easier for our customers who fly on American," said American's Chief Revenue Officer Vasu Raja. "By eliminating change fees, we're giving customers more flexibility no matter when or where they plan to travel."
To woo customers during this pandemic situation, American has already waived some other fees this year, including mileage reinstatement fees, domestic same-day standby fees, and service fees for booking ticket or award flight by calling reservations.
During Covid-19, when travel restrictions were in place, all major carriers were forced to revisit their change and cancellation policies.
In August, American had waived change fee for domestic and short haul flights. Other majors including Alaska, Delta and United Airlines also have recently announced scrapping of change fee for domestic flights as well as for a few international destinations.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Effective immediately, the company will stop charging change fee for tickets across all classes, except basic economy, in international flights originating from North or South America, the U.S carrier said. During Covid-19, when travel restrictions were in place, all major carriers were forced to revisit their change and cancellation policies. Other majors including Alaska, Delta and United Airlines also have recently announced scrapping of change fee for domestic flights as well as for a few international destinations.
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To woo customers during this pandemic situation, American has already waived some other fees this year, including mileage reinstatement fees, domestic same-day standby fees, and service fees for booking ticket or award flight by calling reservations. In August, American had waived change fee for domestic and short haul flights. Other majors including Alaska, Delta and United Airlines also have recently announced scrapping of change fee for domestic flights as well as for a few international destinations.
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(RTTNews) - American Airlines decided to do away with change fees for long-haul international flights, the Airliner said in a statement. To woo customers during this pandemic situation, American has already waived some other fees this year, including mileage reinstatement fees, domestic same-day standby fees, and service fees for booking ticket or award flight by calling reservations. Other majors including Alaska, Delta and United Airlines also have recently announced scrapping of change fee for domestic flights as well as for a few international destinations.
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(RTTNews) - American Airlines decided to do away with change fees for long-haul international flights, the Airliner said in a statement. Effective immediately, the company will stop charging change fee for tickets across all classes, except basic economy, in international flights originating from North or South America, the U.S carrier said. "We are committed to making travel easier for our customers who fly on American," said American's Chief Revenue Officer Vasu Raja.
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5006.0
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2020-11-19 00:00:00 UTC
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United, American Airlines to scrap change fees for overseas flights
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AAL
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https://www.nasdaq.com/articles/united-american-airlines-to-scrap-change-fees-for-overseas-flights-2020-11-19
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nan
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nan
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Nov 19 (Reuters) - United Airlines UAL.O and American Airlines AAL.O said on Thursday they will scrap change fees for long-haul international flights, mirroring their move on domestic flights in a bid to revive bookings and air travel demand hit by the pandemic.
The COVID-19 crisis has weakened one of the core elements of the airline playbook: price many fares attractively low, then charge for ticket changes.
American Airlines AAL.O said it will eliminate change fees for first class, business class, premium economy and main cabin tickets for all long-haul international flying, if the travel originates in North or South America.
United said it will announce an extension of its change fee waiver for basic economy and international tickets later this year "to continue to offer more flexibility to all customers who travel with us."
Chicago-based United is among the major U.S. airlines that began implementing temporary waivers of change fees this year, given the uncertainty surrounding the coronavirus crisis.
Earlier, both airlines said they had seen an uptick in decrease in bookings due to a recent spike in COVID-19 cases in the United States.
(Reporting by Mrinalika Roy in Bengaluru, Editing by Sherry Jacob-Phillips)
((mrinalika.roy@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 806749 8325;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Nov 19 (Reuters) - United Airlines UAL.O and American Airlines AAL.O said on Thursday they will scrap change fees for long-haul international flights, mirroring their move on domestic flights in a bid to revive bookings and air travel demand hit by the pandemic. American Airlines AAL.O said it will eliminate change fees for first class, business class, premium economy and main cabin tickets for all long-haul international flying, if the travel originates in North or South America. The COVID-19 crisis has weakened one of the core elements of the airline playbook: price many fares attractively low, then charge for ticket changes.
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Nov 19 (Reuters) - United Airlines UAL.O and American Airlines AAL.O said on Thursday they will scrap change fees for long-haul international flights, mirroring their move on domestic flights in a bid to revive bookings and air travel demand hit by the pandemic. American Airlines AAL.O said it will eliminate change fees for first class, business class, premium economy and main cabin tickets for all long-haul international flying, if the travel originates in North or South America. United said it will announce an extension of its change fee waiver for basic economy and international tickets later this year "to continue to offer more flexibility to all customers who travel with us."
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Nov 19 (Reuters) - United Airlines UAL.O and American Airlines AAL.O said on Thursday they will scrap change fees for long-haul international flights, mirroring their move on domestic flights in a bid to revive bookings and air travel demand hit by the pandemic. American Airlines AAL.O said it will eliminate change fees for first class, business class, premium economy and main cabin tickets for all long-haul international flying, if the travel originates in North or South America. United said it will announce an extension of its change fee waiver for basic economy and international tickets later this year "to continue to offer more flexibility to all customers who travel with us."
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Nov 19 (Reuters) - United Airlines UAL.O and American Airlines AAL.O said on Thursday they will scrap change fees for long-haul international flights, mirroring their move on domestic flights in a bid to revive bookings and air travel demand hit by the pandemic. American Airlines AAL.O said it will eliminate change fees for first class, business class, premium economy and main cabin tickets for all long-haul international flying, if the travel originates in North or South America. The COVID-19 crisis has weakened one of the core elements of the airline playbook: price many fares attractively low, then charge for ticket changes.
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5007.0
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2020-11-19 00:00:00 UTC
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Pre-Market Most Active for Nov 19, 2020 : FENG, FCEL, M, NIO, DNK, TSLA, YY, KNDI, GSK, AAL, FUTU, COTY
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-19-2020-%3A-feng-fcel-m-nio-dnk-tsla-yy-kndi-gsk-aal-futu
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is down -12.05 to 11,882.66. The total Pre-Market volume is currently 30,401,586 shares traded.
The following are the most active stocks for the pre-market session:
Phoenix New Media Limited (FENG) is +0.93 at $2.47, with 5,960,884 shares traded.
FuelCell Energy, Inc. (FCEL) is +0.13 at $5.23, with 5,144,288 shares traded., following a 52-week high recorded in prior regular session.
Macy's Inc (M) is -0.44 at $8.55, with 4,160,355 shares traded. Business Wire Reports: Macy’s, Inc. Reports Third Quarter 2020 Results
NIO Inc. (NIO) is +0.39 at $45.45, with 2,606,588 shares traded. NIO's current last sale is 151.5% of the target price of $30.
Phoenix Tree Holdings Limited (DNK) is -0.22 at $4.35, with 2,448,433 shares traded.
Tesla, Inc. (TSLA) is +8.6499 at $495.29, with 1,543,658 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $0.6. TSLA's current last sale is 127.16% of the target price of $389.5.
JOYY Inc. (YY) is +10.85 at $84.51, with 1,319,976 shares traded. As reported by Zacks, the current mean recommendation for YY is in the "strong buy range".
Kandi Technologies Group, Inc. (KNDI) is +1.57 at $12.91, with 1,293,995 shares traded. KNDI's current last sale is 107.58% of the target price of $12.
GlaxoSmithKline PLC (GSK) is +0.76 at $37.33, with 1,237,277 shares traded. GSK's current last sale is 77.77% of the target price of $48.
American Airlines Group, Inc. (AAL) is +0.13 at $12.87, with 1,180,013 shares traded. AAL's current last sale is 128.7% of the target price of $10.
Futu Holdings Limited (FUTU) is +3.8 at $46.80, with 1,024,223 shares traded.
Coty Inc. (COTY) is +0.62 at $5.92, with 920,128 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 $0.11. COTY's current last sale is 118.4% of the target price of $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 +0.13 at $12.87, with 1,180,013 shares traded. AAL's current last sale is 128.7% of the target price of $10. FuelCell Energy, Inc. (FCEL) is +0.13 at $5.23, with 5,144,288 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.13 at $12.87, with 1,180,013 shares traded. AAL's current last sale is 128.7% of the target price of $10. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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American Airlines Group, Inc. (AAL) is +0.13 at $12.87, with 1,180,013 shares traded. AAL's current last sale is 128.7% of the target price of $10. The total Pre-Market volume is currently 30,401,586 shares traded.
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American Airlines Group, Inc. (AAL) is +0.13 at $12.87, with 1,180,013 shares traded. AAL's current last sale is 128.7% of the target price of $10. Macy's Inc (M) is -0.44 at $8.55, with 4,160,355 shares traded.
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5008.0
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2020-11-18 00:00:00 UTC
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US STOCKS-S&P 500 flat as vaccine bets offset surging coronavirus cases; Boeing rises
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-500-flat-as-vaccine-bets-offset-surging-coronavirus-cases-boeing-rises-2020
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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
Boeing surges on 737 MAX jet approval
Pfizer gains on improved final vaccine trial data
Lowe's slides after forecast disappoints
Target, TJX rise as results beat
Indexes: Dow up 0.2%, S&P flat, Nasdaq down 0.3%
Updates to market open
By Shivani Kumaresan and Medha Singh
Nov 18 (Reuters) - The S&P 500 was little changed on Wednesday as investors weighed near-term economic pain from surging coronavirus cases against growing optimism that a working vaccine was near, while the Dow was boosted by a rise in shares of Boeing.
The planemaker BA.N advanced 3.2% after getting U.S. approval to fly its 737 MAX jet again after a 20-month grounding following two fatal crashes.
The news also lifted shares of airlines. American Airlines AAL.O gained 3.6% and Southwest Airlines LUV.N added 2.1% as the carriers laid out plans to fly the aircraft again.
Pfizer Inc PFE.N said it would apply for emergency U.S. authorization of its COVID-19 vaccine within days and disclosed final results from a late-stage trial that showed it was 95% effective. The drugmaker's shares rose 3%.
The announcement comes after Moderna Inc MRNA.O on Monday released preliminary data for its COVID-19 vaccine, showing similar effectiveness.
Meanwhile, the number of reported global daily deaths from the coronavirus stood at its highest ever on Tuesday, as the virus's global epicenter the United States entered winter.
"The current market narrative seems to encompass a tug-of-war between good news on the vaccine front, juxtaposed against increasing new cases of COVID," said Art Hogan, chief market strategist at National Securities in New York.
At 09:58 a.m. ET, the Dow Jones Industrial Average .DJI rose 69.04 points, or 0.23%, to 29,852.39, the S&P 500 .SPX fell 1.77 points or 0.05% to 3,607.76. The Nasdaq composite .IXIC lost 41.47 points, or 0.35% to 11,857.87.
Target Corp TGT.N rose 2.3% after the big-box retailer blew past expectations for quarterly profit and sales, as its quick delivery services boosted online shopping.
Discount store operator TJX Companies Inc TJX.N rose about 3% after topping quarterly sales estimates.
"With earnings announcements coming in better than expected from the retail space and the positive news on Boeing, it should drive interest in cyclicals," said Robert Pavlik, senior portfolio manager at Dakota Wealth, New York.
S&P sectors sensitive to economic growth, such as financials .SPSY, industrials .SPLRCI, materials .SPLRCM and energy .SPNY, led the gainers.
The benchmark S&P 500 .SPX and the blue-chip Dow .DJI retreated from all-time highs on Tuesday as glum U.S. retail sales data, as well as the specter of fresh restrictions dampened demand for risky assets.
Lowe's Cos Inc LOW.N tumbled 5% as the home improvement chain forecast holiday-quarter earnings largely below analysts' estimates.
Advancing issues outnumbered decliners on the NYSE by a 1.9-to-1 ratio and by a 1.7-to-1 ratio on the Nasdaq.
The S&P 500 posted 12 new 52-week highs and no new low, while the Nasdaq Composite recorded 130 new highs and five new lows.
(Reporting by Shivani Kumaresan, Sruthi Shankar, Medha Singh, Shriya Ramakrishnan in Bengaluru; Editing by Sriraj Kalluvila)
((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))
The views and 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 gained 3.6% and Southwest Airlines LUV.N added 2.1% as the carriers laid out plans to fly the aircraft again. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Boeing surges on 737 MAX jet approval Pfizer gains on improved final vaccine trial data Lowe's slides after forecast disappoints Target, TJX rise as results beat Indexes: Dow up 0.2%, S&P flat, Nasdaq down 0.3% Updates to market open By Shivani Kumaresan and Medha Singh Nov 18 (Reuters) - The S&P 500 was little changed on Wednesday as investors weighed near-term economic pain from surging coronavirus cases against growing optimism that a working vaccine was near, while the Dow was boosted by a rise in shares of Boeing. "With earnings announcements coming in better than expected from the retail space and the positive news on Boeing, it should drive interest in cyclicals," said Robert Pavlik, senior portfolio manager at Dakota Wealth, New York.
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American Airlines AAL.O gained 3.6% and Southwest Airlines LUV.N added 2.1% as the carriers laid out plans to fly the aircraft again. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Boeing surges on 737 MAX jet approval Pfizer gains on improved final vaccine trial data Lowe's slides after forecast disappoints Target, TJX rise as results beat Indexes: Dow up 0.2%, S&P flat, Nasdaq down 0.3% Updates to market open By Shivani Kumaresan and Medha Singh Nov 18 (Reuters) - The S&P 500 was little changed on Wednesday as investors weighed near-term economic pain from surging coronavirus cases against growing optimism that a working vaccine was near, while the Dow was boosted by a rise in shares of Boeing. The benchmark S&P 500 .SPX and the blue-chip Dow .DJI retreated from all-time highs on Tuesday as glum U.S. retail sales data, as well as the specter of fresh restrictions dampened demand for risky assets.
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American Airlines AAL.O gained 3.6% and Southwest Airlines LUV.N added 2.1% as the carriers laid out plans to fly the aircraft again. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Boeing surges on 737 MAX jet approval Pfizer gains on improved final vaccine trial data Lowe's slides after forecast disappoints Target, TJX rise as results beat Indexes: Dow up 0.2%, S&P flat, Nasdaq down 0.3% Updates to market open By Shivani Kumaresan and Medha Singh Nov 18 (Reuters) - The S&P 500 was little changed on Wednesday as investors weighed near-term economic pain from surging coronavirus cases against growing optimism that a working vaccine was near, while the Dow was boosted by a rise in shares of Boeing. The S&P 500 posted 12 new 52-week highs and no new low, while the Nasdaq Composite recorded 130 new highs and five new lows.
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American Airlines AAL.O gained 3.6% and Southwest Airlines LUV.N added 2.1% as the carriers laid out plans to fly the aircraft again. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Boeing surges on 737 MAX jet approval Pfizer gains on improved final vaccine trial data Lowe's slides after forecast disappoints Target, TJX rise as results beat Indexes: Dow up 0.2%, S&P flat, Nasdaq down 0.3% Updates to market open By Shivani Kumaresan and Medha Singh Nov 18 (Reuters) - The S&P 500 was little changed on Wednesday as investors weighed near-term economic pain from surging coronavirus cases against growing optimism that a working vaccine was near, while the Dow was boosted by a rise in shares of Boeing. The news also lifted shares of airlines.
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5009.0
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2020-11-18 00:00:00 UTC
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U.S. airline CEOs renew request for more aid in letter to Congress
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AAL
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https://www.nasdaq.com/articles/u.s.-airline-ceos-renew-request-for-more-aid-in-letter-to-congress-2020-11-18-0
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nan
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nan
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By David Shepardson and Tracy Rucinski
WASHINGTON/CHICAGO, Nov 18 (Reuters) - The chief executives of the seven largest U.S. airlines made a fresh plea for more payroll relief before the end of the year and pointed to the challenges of distributing a COVID-19 vaccine in a letter to Congressional leaders on Wednesday.
The letter, seen by Reuters, was sent by the main industry lobby Airlines for America and signed by the heads of the top seven U.S. airlines.
"As the nation looks forward and takes on the logistical challenges of distributing a vaccine, it will be important to ensure there are sufficient certified employees and planes in service necessary for adequate capacity to complete the task," they said.
U.S. airlines received $25 billion in federal aid to keep employees on payroll between March and September and have asked for a second round of support after cutting tens of thousands of jobs either through furloughs or early retirements in recent months.
They have argued that they need trained employees to help service an economic rebound, with the prospects of a vaccine in the coming months underscoring the urgency.
The number of travelers that passed through Transportation Security Administration checkpoints on Tuesday was down two-thirds from the same day in 2019, an improvement from the start of the pandemic but not enough to bring airlines out of their cash hole, particularly with further lockdowns looming as COVID-19 cases rise.
Still, the industry's aid request has received wide bipartisan support but has so far failed to pass as Congress remains deadlocked over a broader COVID-19 relief and stimulus plan.
They are now hoping that Congress can pass airline aid through some other vehicle such as a funding bill this year, people familiar with the matter have said.
Congress is not expected to return until Nov. 30.
Southwest Airlines LUV.N, which has never laid off any employees in its 49-history, sent warnings of potential furloughs to about 400 employees on Wednesday.
(Reporting by Tracy Rucinski and David Shepardson; Editing by Jacqueline Wong and 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, Nov 18 (Reuters) - The chief executives of the seven largest U.S. airlines made a fresh plea for more payroll relief before the end of the year and pointed to the challenges of distributing a COVID-19 vaccine in a letter to Congressional leaders on Wednesday. U.S. airlines received $25 billion in federal aid to keep employees on payroll between March and September and have asked for a second round of support after cutting tens of thousands of jobs either through furloughs or early retirements in recent months. The number of travelers that passed through Transportation Security Administration checkpoints on Tuesday was down two-thirds from the same day in 2019, an improvement from the start of the pandemic but not enough to bring airlines out of their cash hole, particularly with further lockdowns looming as COVID-19 cases rise.
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By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Nov 18 (Reuters) - The chief executives of the seven largest U.S. airlines made a fresh plea for more payroll relief before the end of the year and pointed to the challenges of distributing a COVID-19 vaccine in a letter to Congressional leaders on Wednesday. They are now hoping that Congress can pass airline aid through some other vehicle such as a funding bill this year, people familiar with the matter have said. (Reporting by Tracy Rucinski and David Shepardson; Editing by Jacqueline Wong and 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, Nov 18 (Reuters) - The chief executives of the seven largest U.S. airlines made a fresh plea for more payroll relief before the end of the year and pointed to the challenges of distributing a COVID-19 vaccine in a letter to Congressional leaders on Wednesday. U.S. airlines received $25 billion in federal aid to keep employees on payroll between March and September and have asked for a second round of support after cutting tens of thousands of jobs either through furloughs or early retirements in recent months. They are now hoping that Congress can pass airline aid through some other vehicle such as a funding bill this year, people familiar with the matter have said.
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By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Nov 18 (Reuters) - The chief executives of the seven largest U.S. airlines made a fresh plea for more payroll relief before the end of the year and pointed to the challenges of distributing a COVID-19 vaccine in a letter to Congressional leaders on Wednesday. U.S. airlines received $25 billion in federal aid to keep employees on payroll between March and September and have asked for a second round of support after cutting tens of thousands of jobs either through furloughs or early retirements in recent months. Still, the industry's aid request has received wide bipartisan support but has so far failed to pass as Congress remains deadlocked over a broader COVID-19 relief and stimulus plan.
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5010.0
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2020-11-18 00:00:00 UTC
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Why Airline Shares Are Higher Today
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AAL
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https://www.nasdaq.com/articles/why-airline-shares-are-higher-today-2020-11-18
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nan
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nan
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What happened
Positive news concerning a potential COVID-19 vaccine continues to flow in, and with it optimism is growing concerning the airlines. Spirit Airlines (NYSE: SAVE) gained as much as 7% in Wednesday midday trading, with shares of United Airlines Holdings (NASDAQ: UAL) and American Airlines Group (NASDAQ: AAL) up more than 5% apiece and shares of Delta Air Lines (NYSE: DAL) up 4.5%.
So what
After more than six months in crisis mode, airlines and their investors are beginning to think seriously about the beginning of the end of the pandemic. The industry has seen losses mount as travel demand plummeted due to the virus, but with at least two vaccine candidates showing promise, it is possible conditions could begin to normalize by mid-2021.
Pfizer on Wednesday said its vaccine appears to be 95% effective, near the efficacy rate reported by Moderna for its candidate, and Pfizer said it intends to move soon to win approval to begin distribution.
Image source: Getty Images.
Spirit is viewed as a likely early winner in a recovery, because it is focused on leisure travel, which should return first, and because it has low costs that should allow it to use fare cutting to stimulate demand. The airline is also making progress restoring its operations, including international flights to Caribbean destinations.
American and United are also likely getting a lift because, after 20 months, Boeing's troubled 737 MAX has been cleared to fly again. American and United won't get the planes integrated into their schedules until early 2021, at the earliest, but the fuel efficiency of the 737 MAX should help cut costs through the downturn.
The airlines are also exploring new ways to manage through the pandemic. American announced Wednesday it was working with its European partner to provide COVID-19 testing to allow passengers to avoid international quarantines. And Delta said it would continue to limit seating in its main cabin through next spring, a move that will cost it revenue in the near term but the airline hopes will allow it to build customer loyalty over the long haul.
Now what
The odds that U.S. airlines survive the crisis are growing with each new positive vaccine development, but investors need to be careful not to get ahead of themselves. We are still likely years away from passenger levels returning to prepandemic levels, and the airlines will need time to rebuild bruised balance sheets once the worst of the crisis is over.
I believe it is likely certain airlines, like Spirit and Southwest Airlines (NYSE: LUV), are positioned to recover faster than the overall industry. But for those who want to take a long-term approach and invest in an eventual industry recovery, I'd advise sticking to top operators Southwest and Delta, which have the wherewithal to survive whatever new twist comes their way and are maneuvering to be in a strong competitive position when the pandemic is in the past.
10 stocks we like better than Delta Air Lines
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*Stock Advisor returns as of October 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 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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Spirit Airlines (NYSE: SAVE) gained as much as 7% in Wednesday midday trading, with shares of United Airlines Holdings (NASDAQ: UAL) and American Airlines Group (NASDAQ: AAL) up more than 5% apiece and shares of Delta Air Lines (NYSE: DAL) up 4.5%. The industry has seen losses mount as travel demand plummeted due to the virus, but with at least two vaccine candidates showing promise, it is possible conditions could begin to normalize by mid-2021. And Delta said it would continue to limit seating in its main cabin through next spring, a move that will cost it revenue in the near term but the airline hopes will allow it to build customer loyalty over the long haul.
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Spirit Airlines (NYSE: SAVE) gained as much as 7% in Wednesday midday trading, with shares of United Airlines Holdings (NASDAQ: UAL) and American Airlines Group (NASDAQ: AAL) up more than 5% apiece and shares of Delta Air Lines (NYSE: DAL) up 4.5%. See the 10 stocks *Stock Advisor returns as of October 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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Spirit Airlines (NYSE: SAVE) gained as much as 7% in Wednesday midday trading, with shares of United Airlines Holdings (NASDAQ: UAL) and American Airlines Group (NASDAQ: AAL) up more than 5% apiece and shares of Delta Air Lines (NYSE: DAL) up 4.5%. I believe it is likely certain airlines, like Spirit and Southwest Airlines (NYSE: LUV), are positioned to recover faster than the overall industry. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.
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Spirit Airlines (NYSE: SAVE) gained as much as 7% in Wednesday midday trading, with shares of United Airlines Holdings (NASDAQ: UAL) and American Airlines Group (NASDAQ: AAL) up more than 5% apiece and shares of Delta Air Lines (NYSE: DAL) up 4.5%. So what After more than six months in crisis mode, airlines and their investors are beginning to think seriously about the beginning of the end of the pandemic. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.
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5011.0
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2020-11-18 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-CIIG, Nikola, Tesla, United Airlines, Beyond Meat
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-ciig-nikola-tesla-united-airlines-beyond-meat-2020-11-18
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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
The Dow and the S&P 500 inched higher on Wednesday as Boeing rose after it won U.S. approval to resume flights of its 737 MAX jet, while growing optimism that a working vaccine was within reach also lifted the mood. .N
At 12:18 ET, the Dow Jones Industrial Average .DJI was up 0.18% at 29,836.85. The S&P 500 .SPX was up 0.24% at 3,618.13 and the Nasdaq Composite .IXIC was up 0.32% at 11,937.661. The top three S&P 500 .PG.INX percentage gainers: ** TechnipFMC Plc , up 7.1% ** Diamondback Energy Inc FANG.OQ, up 5.4% ** MGM Resorts International , up 5.3% The top three S&P 500 .PL.INX percentage losers: ** Lowe's Companies Inc , down 6% ** Norwegian Cruise Line Holdings Ltd , down 4.7% ** L Brands Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Phoenix Tree Holdings Ltd , up 87.5% ** Micro Focus International PLC MFGP.N, up 30% ** Nam Tai Property Inc NTP.N, up 24.4% The top three NYSE .PL.N percentage losers: ** Navidea Biopharmaceuticals Inc NAVB.N, down 8.2% ** Avaya Holdings Corp AVYA.N, down 8% ** Mogu Inc MOGU.N, down 6.9% The top three Nasdaq .PG.O percentage gainers: ** North Mountain Merger Corp , up 207.7% ** CIIG Merger Corp CIICW.O, up 83% ** Eos Energy Enterprises Inc EOSEW.O, up 64.3% The top three Nasdaq .PL.O percentage losers: ** Paysign Inc PAYS.O, down 31.7% ** Oncternal Therapeutics Inc ONCT.O, down 29% ** CBAK Energy Technology Inc , down 21% ** Tesla Inc TSLA.O: up 8.8%
BUZZ-Tesla: MS sees potential in multiple businesses, upgrades ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 4.7%
BUZZ-Norwegian Cruise Line drops on $830 mln equity offering
** Weidai Ltd WEI.N: up 10.7%
BUZZ-Weidai: Rises on regaining compliance with NYSE listing standards ** Lowe's Companies Inc LOW.N: down 6.0%
BUZZ-Lowe's: Set for over 3-month low as co forecasts holiday profit below estimates ** Pfizer Inc PFE.N: up 2.0% ** Moderna Inc MRNA.O: down 3.4% ** AstraZeneca PLC AZN.O: down 0.5% ** Vaxart Inc VXRT.O: up 1.7% ** Inovio Pharmaceuticals Inc INO.O: down 4.3%
BUZZ-Pfizer: Rises on new safety, effectiveness data on COVID-19 vaccine candidate
** Target Corp TGT.N: up 4.6%
BUZZ-Target Corp: Rises on Q3 online sales boost, revenue beat
** Oncternal Therapeutics Inc ONCT.O: down 29.0%
BUZZ-Oncternal: Down after upsized stock deal ** Kohl's Corp KSS.N: down 1.2%
BUZZ-Street View: Kohl's future looks active and casual ** Simon Property Group SPG.N: up 1.6%
BUZZ-Simon Property dips as launches stock offering to fund Taubman deal ** Socket Mobile Inc SCKT.O: up 20.4%
BUZZ-Socket Mobile: Surges after product gets Google Wallet certification ** BigCommerce Holdings Inc BIGC.O: up 1.4%
BUZZ-BigCommerce: Gains as brokerage sees gain from shift to e-commerce ** Kazia Therapeutics Limited KZIA.O: up 30.0%
BUZZ-Kazia: Up as interim cancer study analysis shows consistency with prior data ** VBI Vaccines Inc VBIV.O: up 2.8%
BUZZ-VBI Vaccines: Rises on positive early study data for hepatitis B treatment ** Southwest Airlines Co LUV.N: up 2.6% ** United Airlines Holdings Inc UAL.O: up 4.5% ** American Airlines Group Inc AAL.O: up 3.9% ** Delta Air Lines Inc DAL.N: up 3.8%
BUZZ-Airlines rise as U.S. lifts ban on Boeing's 737 MAX ** Beyond Meat Inc BYND.O: up 4.5%
BUZZ-Beyond Meat: Gains on launch of plant-based minced pork in China ** TJX Companies Inc TJX.N: up 3.8%
BUZZ- Rises on Q3 sales beat ** GreenSky, Inc GSKY.O: up 11.6%
BUZZ-GreenSky: Sees best day in 6 months as CEO buys stake in co ** General Motors Co GM.N: up 4.6% ** Nikola Corporation NKLA.O: up 15.2%
BUZZ-General Motors: Up on report co to announce boosted spending plan for EVs ** Casper Sleep Inc CSPR.N: down 3.1%
BUZZ-Casper Sleep down as BofA downgrades after disappointing Q3 results ** CIIG Merger Corp CIIC.O: up 24.4%
BUZZ-CIIG Merger Corp surges on SPAC deal to take British EV startup Arrival public ** AerCap Holdings N.V AER.N: up 2.1%
BUZZ-AerCap Holdings: Up after lowering stake in pandemic-hit Norwegian Air
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.01%
Consumer Discretionary
.SPLRCD
up 0.35%
Consumer Staples
.SPLRCS
down 0.03%
Energy
.SPNY
up 0.41%
Financial
.SPSY
up 0.82%
Health
.SPXHC
down 0.46%
Industrial
.SPLRCI
up 1.00%
Information Technology
.SPLRCT
up 0.09%
Materials
.SPLRCM
up 0.46%
Real Estate
.SPLRCR
up 0.17%
Utilities
.SPLRCU
down 0.32%
(Compiled by Chavi Mehta)
The views and 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: ** TechnipFMC Plc , up 7.1% ** Diamondback Energy Inc FANG.OQ, up 5.4% ** MGM Resorts International , up 5.3% The top three S&P 500 .PL.INX percentage losers: ** Lowe's Companies Inc , down 6% ** Norwegian Cruise Line Holdings Ltd , down 4.7% ** L Brands Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Phoenix Tree Holdings Ltd , up 87.5% ** Micro Focus International PLC MFGP.N, up 30% ** Nam Tai Property Inc NTP.N, up 24.4% The top three NYSE .PL.N percentage losers: ** Navidea Biopharmaceuticals Inc NAVB.N, down 8.2% ** Avaya Holdings Corp AVYA.N, down 8% ** Mogu Inc MOGU.N, down 6.9% The top three Nasdaq .PG.O percentage gainers: ** North Mountain Merger Corp , up 207.7% ** CIIG Merger Corp CIICW.O, up 83% ** Eos Energy Enterprises Inc EOSEW.O, up 64.3% The top three Nasdaq .PL.O percentage losers: ** Paysign Inc PAYS.O, down 31.7% ** Oncternal Therapeutics Inc ONCT.O, down 29% ** CBAK Energy Technology Inc , down 21% ** Tesla Inc TSLA.O: up 8.8% BUZZ-Tesla: MS sees potential in multiple businesses, upgrades ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 4.7% BUZZ-Norwegian Cruise Line drops on $830 mln equity offering ** Weidai Ltd WEI.N: up 10.7% BUZZ-Weidai: Rises on regaining compliance with NYSE listing standards ** Lowe's Companies Inc LOW.N: down 6.0% BUZZ-Lowe's: Set for over 3-month low as co forecasts holiday profit below estimates ** Pfizer Inc PFE.N: up 2.0% ** Moderna Inc MRNA.O: down 3.4% ** AstraZeneca PLC AZN.O: down 0.5% ** Vaxart Inc VXRT.O: up 1.7% ** Inovio Pharmaceuticals Inc INO.O: down 4.3% BUZZ-Pfizer: Rises on new safety, effectiveness data on COVID-19 vaccine candidate ** Target Corp TGT.N: up 4.6% BUZZ-Target Corp: Rises on Q3 online sales boost, revenue beat ** Oncternal Therapeutics Inc ONCT.O: down 29.0% BUZZ-Oncternal: Down after upsized stock deal ** Kohl's Corp KSS.N: down 1.2% BUZZ-Street View: Kohl's future looks active and casual ** Simon Property Group SPG.N: up 1.6% BUZZ-Simon Property dips as launches stock offering to fund Taubman deal ** Socket Mobile Inc SCKT.O: up 20.4% BUZZ-Socket Mobile: Surges after product gets Google Wallet certification ** BigCommerce Holdings Inc BIGC.O: up 1.4% BUZZ-BigCommerce: Gains as brokerage sees gain from shift to e-commerce ** Kazia Therapeutics Limited KZIA.O: up 30.0% BUZZ-Kazia: Up as interim cancer study analysis shows consistency with prior data ** VBI Vaccines Inc VBIV.O: up 2.8% BUZZ-VBI Vaccines: Rises on positive early study data for hepatitis B treatment ** Southwest Airlines Co LUV.N: up 2.6% ** United Airlines Holdings Inc UAL.O: up 4.5% ** American Airlines Group Inc AAL.O: up 3.9% ** Delta Air Lines Inc DAL.N: up 3.8% BUZZ-Airlines rise as U.S. lifts ban on Boeing's 737 MAX ** Beyond Meat Inc BYND.O: up 4.5% BUZZ-Beyond Meat: Gains on launch of plant-based minced pork in China ** TJX Companies Inc TJX.N: up 3.8% BUZZ- Rises on Q3 sales beat ** GreenSky, Inc GSKY.O: up 11.6% BUZZ-GreenSky: Sees best day in 6 months as CEO buys stake in co ** General Motors Co GM.N: up 4.6% ** Nikola Corporation NKLA.O: up 15.2% BUZZ-General Motors: Up on report co to announce boosted spending plan for EVs ** Casper Sleep Inc CSPR.N: down 3.1% BUZZ-Casper Sleep down as BofA downgrades after disappointing Q3 results ** CIIG Merger Corp CIIC.O: up 24.4% BUZZ-CIIG Merger Corp surges on SPAC deal to take British EV startup Arrival public ** AerCap Holdings N.V AER.N: up 2.1% BUZZ-AerCap Holdings: Up after lowering stake in pandemic-hit Norwegian Air 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 The Dow and the S&P 500 inched higher on Wednesday as Boeing rose after it won U.S. approval to resume flights of its 737 MAX jet, while growing optimism that a working vaccine was within reach also lifted the mood. down 0.32% (Compiled by Chavi Mehta) The views and 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: ** TechnipFMC Plc , up 7.1% ** Diamondback Energy Inc FANG.OQ, up 5.4% ** MGM Resorts International , up 5.3% The top three S&P 500 .PL.INX percentage losers: ** Lowe's Companies Inc , down 6% ** Norwegian Cruise Line Holdings Ltd , down 4.7% ** L Brands Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Phoenix Tree Holdings Ltd , up 87.5% ** Micro Focus International PLC MFGP.N, up 30% ** Nam Tai Property Inc NTP.N, up 24.4% The top three NYSE .PL.N percentage losers: ** Navidea Biopharmaceuticals Inc NAVB.N, down 8.2% ** Avaya Holdings Corp AVYA.N, down 8% ** Mogu Inc MOGU.N, down 6.9% The top three Nasdaq .PG.O percentage gainers: ** North Mountain Merger Corp , up 207.7% ** CIIG Merger Corp CIICW.O, up 83% ** Eos Energy Enterprises Inc EOSEW.O, up 64.3% The top three Nasdaq .PL.O percentage losers: ** Paysign Inc PAYS.O, down 31.7% ** Oncternal Therapeutics Inc ONCT.O, down 29% ** CBAK Energy Technology Inc , down 21% ** Tesla Inc TSLA.O: up 8.8% BUZZ-Tesla: MS sees potential in multiple businesses, upgrades ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 4.7% BUZZ-Norwegian Cruise Line drops on $830 mln equity offering ** Weidai Ltd WEI.N: up 10.7% BUZZ-Weidai: Rises on regaining compliance with NYSE listing standards ** Lowe's Companies Inc LOW.N: down 6.0% BUZZ-Lowe's: Set for over 3-month low as co forecasts holiday profit below estimates ** Pfizer Inc PFE.N: up 2.0% ** Moderna Inc MRNA.O: down 3.4% ** AstraZeneca PLC AZN.O: down 0.5% ** Vaxart Inc VXRT.O: up 1.7% ** Inovio Pharmaceuticals Inc INO.O: down 4.3% BUZZ-Pfizer: Rises on new safety, effectiveness data on COVID-19 vaccine candidate ** Target Corp TGT.N: up 4.6% BUZZ-Target Corp: Rises on Q3 online sales boost, revenue beat ** Oncternal Therapeutics Inc ONCT.O: down 29.0% BUZZ-Oncternal: Down after upsized stock deal ** Kohl's Corp KSS.N: down 1.2% BUZZ-Street View: Kohl's future looks active and casual ** Simon Property Group SPG.N: up 1.6% BUZZ-Simon Property dips as launches stock offering to fund Taubman deal ** Socket Mobile Inc SCKT.O: up 20.4% BUZZ-Socket Mobile: Surges after product gets Google Wallet certification ** BigCommerce Holdings Inc BIGC.O: up 1.4% BUZZ-BigCommerce: Gains as brokerage sees gain from shift to e-commerce ** Kazia Therapeutics Limited KZIA.O: up 30.0% BUZZ-Kazia: Up as interim cancer study analysis shows consistency with prior data ** VBI Vaccines Inc VBIV.O: up 2.8% BUZZ-VBI Vaccines: Rises on positive early study data for hepatitis B treatment ** Southwest Airlines Co LUV.N: up 2.6% ** United Airlines Holdings Inc UAL.O: up 4.5% ** American Airlines Group Inc AAL.O: up 3.9% ** Delta Air Lines Inc DAL.N: up 3.8% BUZZ-Airlines rise as U.S. lifts ban on Boeing's 737 MAX ** Beyond Meat Inc BYND.O: up 4.5% BUZZ-Beyond Meat: Gains on launch of plant-based minced pork in China ** TJX Companies Inc TJX.N: up 3.8% BUZZ- Rises on Q3 sales beat ** GreenSky, Inc GSKY.O: up 11.6% BUZZ-GreenSky: Sees best day in 6 months as CEO buys stake in co ** General Motors Co GM.N: up 4.6% ** Nikola Corporation NKLA.O: up 15.2% BUZZ-General Motors: Up on report co to announce boosted spending plan for EVs ** Casper Sleep Inc CSPR.N: down 3.1% BUZZ-Casper Sleep down as BofA downgrades after disappointing Q3 results ** CIIG Merger Corp CIIC.O: up 24.4% BUZZ-CIIG Merger Corp surges on SPAC deal to take British EV startup Arrival public ** AerCap Holdings N.V AER.N: up 2.1% BUZZ-AerCap Holdings: Up after lowering stake in pandemic-hit Norwegian Air 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 The Dow and the S&P 500 inched higher on Wednesday as Boeing rose after it won U.S. approval to resume flights of its 737 MAX jet, while growing optimism that a working vaccine was within reach also lifted the mood. .N At 12:18 ET, the Dow Jones Industrial Average .DJI was up 0.18% at 29,836.85.
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The top three S&P 500 .PG.INX percentage gainers: ** TechnipFMC Plc , up 7.1% ** Diamondback Energy Inc FANG.OQ, up 5.4% ** MGM Resorts International , up 5.3% The top three S&P 500 .PL.INX percentage losers: ** Lowe's Companies Inc , down 6% ** Norwegian Cruise Line Holdings Ltd , down 4.7% ** L Brands Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Phoenix Tree Holdings Ltd , up 87.5% ** Micro Focus International PLC MFGP.N, up 30% ** Nam Tai Property Inc NTP.N, up 24.4% The top three NYSE .PL.N percentage losers: ** Navidea Biopharmaceuticals Inc NAVB.N, down 8.2% ** Avaya Holdings Corp AVYA.N, down 8% ** Mogu Inc MOGU.N, down 6.9% The top three Nasdaq .PG.O percentage gainers: ** North Mountain Merger Corp , up 207.7% ** CIIG Merger Corp CIICW.O, up 83% ** Eos Energy Enterprises Inc EOSEW.O, up 64.3% The top three Nasdaq .PL.O percentage losers: ** Paysign Inc PAYS.O, down 31.7% ** Oncternal Therapeutics Inc ONCT.O, down 29% ** CBAK Energy Technology Inc , down 21% ** Tesla Inc TSLA.O: up 8.8% BUZZ-Tesla: MS sees potential in multiple businesses, upgrades ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 4.7% BUZZ-Norwegian Cruise Line drops on $830 mln equity offering ** Weidai Ltd WEI.N: up 10.7% BUZZ-Weidai: Rises on regaining compliance with NYSE listing standards ** Lowe's Companies Inc LOW.N: down 6.0% BUZZ-Lowe's: Set for over 3-month low as co forecasts holiday profit below estimates ** Pfizer Inc PFE.N: up 2.0% ** Moderna Inc MRNA.O: down 3.4% ** AstraZeneca PLC AZN.O: down 0.5% ** Vaxart Inc VXRT.O: up 1.7% ** Inovio Pharmaceuticals Inc INO.O: down 4.3% BUZZ-Pfizer: Rises on new safety, effectiveness data on COVID-19 vaccine candidate ** Target Corp TGT.N: up 4.6% BUZZ-Target Corp: Rises on Q3 online sales boost, revenue beat ** Oncternal Therapeutics Inc ONCT.O: down 29.0% BUZZ-Oncternal: Down after upsized stock deal ** Kohl's Corp KSS.N: down 1.2% BUZZ-Street View: Kohl's future looks active and casual ** Simon Property Group SPG.N: up 1.6% BUZZ-Simon Property dips as launches stock offering to fund Taubman deal ** Socket Mobile Inc SCKT.O: up 20.4% BUZZ-Socket Mobile: Surges after product gets Google Wallet certification ** BigCommerce Holdings Inc BIGC.O: up 1.4% BUZZ-BigCommerce: Gains as brokerage sees gain from shift to e-commerce ** Kazia Therapeutics Limited KZIA.O: up 30.0% BUZZ-Kazia: Up as interim cancer study analysis shows consistency with prior data ** VBI Vaccines Inc VBIV.O: up 2.8% BUZZ-VBI Vaccines: Rises on positive early study data for hepatitis B treatment ** Southwest Airlines Co LUV.N: up 2.6% ** United Airlines Holdings Inc UAL.O: up 4.5% ** American Airlines Group Inc AAL.O: up 3.9% ** Delta Air Lines Inc DAL.N: up 3.8% BUZZ-Airlines rise as U.S. lifts ban on Boeing's 737 MAX ** Beyond Meat Inc BYND.O: up 4.5% BUZZ-Beyond Meat: Gains on launch of plant-based minced pork in China ** TJX Companies Inc TJX.N: up 3.8% BUZZ- Rises on Q3 sales beat ** GreenSky, Inc GSKY.O: up 11.6% BUZZ-GreenSky: Sees best day in 6 months as CEO buys stake in co ** General Motors Co GM.N: up 4.6% ** Nikola Corporation NKLA.O: up 15.2% BUZZ-General Motors: Up on report co to announce boosted spending plan for EVs ** Casper Sleep Inc CSPR.N: down 3.1% BUZZ-Casper Sleep down as BofA downgrades after disappointing Q3 results ** CIIG Merger Corp CIIC.O: up 24.4% BUZZ-CIIG Merger Corp surges on SPAC deal to take British EV startup Arrival public ** AerCap Holdings N.V AER.N: up 2.1% BUZZ-AerCap Holdings: Up after lowering stake in pandemic-hit Norwegian Air The 11 major S&P 500 sectors: Communication Services up 0.01% Consumer Discretionary up 0.35% Consumer Staples
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The top three S&P 500 .PG.INX percentage gainers: ** TechnipFMC Plc , up 7.1% ** Diamondback Energy Inc FANG.OQ, up 5.4% ** MGM Resorts International , up 5.3% The top three S&P 500 .PL.INX percentage losers: ** Lowe's Companies Inc , down 6% ** Norwegian Cruise Line Holdings Ltd , down 4.7% ** L Brands Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Phoenix Tree Holdings Ltd , up 87.5% ** Micro Focus International PLC MFGP.N, up 30% ** Nam Tai Property Inc NTP.N, up 24.4% The top three NYSE .PL.N percentage losers: ** Navidea Biopharmaceuticals Inc NAVB.N, down 8.2% ** Avaya Holdings Corp AVYA.N, down 8% ** Mogu Inc MOGU.N, down 6.9% The top three Nasdaq .PG.O percentage gainers: ** North Mountain Merger Corp , up 207.7% ** CIIG Merger Corp CIICW.O, up 83% ** Eos Energy Enterprises Inc EOSEW.O, up 64.3% The top three Nasdaq .PL.O percentage losers: ** Paysign Inc PAYS.O, down 31.7% ** Oncternal Therapeutics Inc ONCT.O, down 29% ** CBAK Energy Technology Inc , down 21% ** Tesla Inc TSLA.O: up 8.8% BUZZ-Tesla: MS sees potential in multiple businesses, upgrades ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 4.7% BUZZ-Norwegian Cruise Line drops on $830 mln equity offering ** Weidai Ltd WEI.N: up 10.7% BUZZ-Weidai: Rises on regaining compliance with NYSE listing standards ** Lowe's Companies Inc LOW.N: down 6.0% BUZZ-Lowe's: Set for over 3-month low as co forecasts holiday profit below estimates ** Pfizer Inc PFE.N: up 2.0% ** Moderna Inc MRNA.O: down 3.4% ** AstraZeneca PLC AZN.O: down 0.5% ** Vaxart Inc VXRT.O: up 1.7% ** Inovio Pharmaceuticals Inc INO.O: down 4.3% BUZZ-Pfizer: Rises on new safety, effectiveness data on COVID-19 vaccine candidate ** Target Corp TGT.N: up 4.6% BUZZ-Target Corp: Rises on Q3 online sales boost, revenue beat ** Oncternal Therapeutics Inc ONCT.O: down 29.0% BUZZ-Oncternal: Down after upsized stock deal ** Kohl's Corp KSS.N: down 1.2% BUZZ-Street View: Kohl's future looks active and casual ** Simon Property Group SPG.N: up 1.6% BUZZ-Simon Property dips as launches stock offering to fund Taubman deal ** Socket Mobile Inc SCKT.O: up 20.4% BUZZ-Socket Mobile: Surges after product gets Google Wallet certification ** BigCommerce Holdings Inc BIGC.O: up 1.4% BUZZ-BigCommerce: Gains as brokerage sees gain from shift to e-commerce ** Kazia Therapeutics Limited KZIA.O: up 30.0% BUZZ-Kazia: Up as interim cancer study analysis shows consistency with prior data ** VBI Vaccines Inc VBIV.O: up 2.8% BUZZ-VBI Vaccines: Rises on positive early study data for hepatitis B treatment ** Southwest Airlines Co LUV.N: up 2.6% ** United Airlines Holdings Inc UAL.O: up 4.5% ** American Airlines Group Inc AAL.O: up 3.9% ** Delta Air Lines Inc DAL.N: up 3.8% BUZZ-Airlines rise as U.S. lifts ban on Boeing's 737 MAX ** Beyond Meat Inc BYND.O: up 4.5% BUZZ-Beyond Meat: Gains on launch of plant-based minced pork in China ** TJX Companies Inc TJX.N: up 3.8% BUZZ- Rises on Q3 sales beat ** GreenSky, Inc GSKY.O: up 11.6% BUZZ-GreenSky: Sees best day in 6 months as CEO buys stake in co ** General Motors Co GM.N: up 4.6% ** Nikola Corporation NKLA.O: up 15.2% BUZZ-General Motors: Up on report co to announce boosted spending plan for EVs ** Casper Sleep Inc CSPR.N: down 3.1% BUZZ-Casper Sleep down as BofA downgrades after disappointing Q3 results ** CIIG Merger Corp CIIC.O: up 24.4% BUZZ-CIIG Merger Corp surges on SPAC deal to take British EV startup Arrival public ** AerCap Holdings N.V AER.N: up 2.1% BUZZ-AerCap Holdings: Up after lowering stake in pandemic-hit Norwegian Air 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 The Dow and the S&P 500 inched higher on Wednesday as Boeing rose after it won U.S. approval to resume flights of its 737 MAX jet, while growing optimism that a working vaccine was within reach also lifted the mood. .N At 12:18 ET, the Dow Jones Industrial Average .DJI was up 0.18% at 29,836.85.
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5012.0
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2020-11-18 00:00:00 UTC
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De Beers diamond sales rise as demand recovers from COVID-19 hit
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AAL
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https://www.nasdaq.com/articles/de-beers-diamond-sales-rise-as-demand-recovers-from-covid-19-hit-2020-11-18
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nan
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nan
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Nov 18 (Reuters) - Sales of rough diamonds at De Beers rose more than 12% in the latest sales cycle, its parent Anglo American AAL.L said on Wednesday, as demand improves on the back of easing COVID-19 restrictions and ahead of the December festive season.
De Beers, the world's biggest diamond producer by the value of its gems, has struggled with a drop in sales and prices as the pandemic hammered demand and related lockdowns prevented buyers from traveling to sale sites.
The company had in July warned of job cuts and outlined a plan to overhaul its business.
Sales of $450 million in the ninth sales cycle, or between Nov. 2 and Nov. 16, was higher than the $400 million a year earlier.
However, it was a slight decline from the $467 million it sold in the eighth cycle between Sept. 21 and Oct. 9.
De Beers Chief Executive Officer Bruce Cleaver said he expects "reasonable" demand to continue throughout the holiday season, adding that there was stable consumer demand for diamond jewelry at the retail level in the United States and China.
Jefferies analysts called the sales number "a small victory", adding that they expect prices and demand for De Beers' rough diamonds to rise in 2021, as production is expected to fall by about 10% over the next year and demand improves as economies recover from the COVID-19 pandemic.
"The takeaway is that H1 2020, which is now in the rearview mirror, was indeed the trough for Anglo."
On Tuesday, rival Petra Diamond Ltd PDL.L, which operates three diamond mines in South Africa and one in Tanzania, said that the diamond market has been improving.
However, the companies have warned that the resurgence of COVID-19 in some regions could pose a threat to the nascent recovery.
(Reporting by Arundhati Sarkar in Bengaluru; Editing by Sriraj Kalluvila)
((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Nov 18 (Reuters) - Sales of rough diamonds at De Beers rose more than 12% in the latest sales cycle, its parent Anglo American AAL.L said on Wednesday, as demand improves on the back of easing COVID-19 restrictions and ahead of the December festive season. De Beers Chief Executive Officer Bruce Cleaver said he expects "reasonable" demand to continue throughout the holiday season, adding that there was stable consumer demand for diamond jewelry at the retail level in the United States and China. Jefferies analysts called the sales number "a small victory", adding that they expect prices and demand for De Beers' rough diamonds to rise in 2021, as production is expected to fall by about 10% over the next year and demand improves as economies recover from the COVID-19 pandemic.
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Nov 18 (Reuters) - Sales of rough diamonds at De Beers rose more than 12% in the latest sales cycle, its parent Anglo American AAL.L said on Wednesday, as demand improves on the back of easing COVID-19 restrictions and ahead of the December festive season. De Beers, the world's biggest diamond producer by the value of its gems, has struggled with a drop in sales and prices as the pandemic hammered demand and related lockdowns prevented buyers from traveling to sale sites. Jefferies analysts called the sales number "a small victory", adding that they expect prices and demand for De Beers' rough diamonds to rise in 2021, as production is expected to fall by about 10% over the next year and demand improves as economies recover from the COVID-19 pandemic.
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Nov 18 (Reuters) - Sales of rough diamonds at De Beers rose more than 12% in the latest sales cycle, its parent Anglo American AAL.L said on Wednesday, as demand improves on the back of easing COVID-19 restrictions and ahead of the December festive season. De Beers, the world's biggest diamond producer by the value of its gems, has struggled with a drop in sales and prices as the pandemic hammered demand and related lockdowns prevented buyers from traveling to sale sites. Jefferies analysts called the sales number "a small victory", adding that they expect prices and demand for De Beers' rough diamonds to rise in 2021, as production is expected to fall by about 10% over the next year and demand improves as economies recover from the COVID-19 pandemic.
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Nov 18 (Reuters) - Sales of rough diamonds at De Beers rose more than 12% in the latest sales cycle, its parent Anglo American AAL.L said on Wednesday, as demand improves on the back of easing COVID-19 restrictions and ahead of the December festive season. The company had in July warned of job cuts and outlined a plan to overhaul its business. Sales of $450 million in the ninth sales cycle, or between Nov. 2 and Nov. 16, was higher than the $400 million a year earlier.
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5013.0
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2020-11-18 00:00:00 UTC
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U.S. to approve 737 MAX return as Boeing faces strong headwinds
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AAL
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https://www.nasdaq.com/articles/u.s.-to-approve-737-max-return-as-boeing-faces-strong-headwinds-2020-11-18
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nan
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nan
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By David Shepardson and Eric M. Johnson
WASHINGTON/SEATTLE, Nov 18 (Reuters) - After nearly two years of scrutiny, corporate upheaval and a standoff with global regulators, Boeing Co BA.N is set on Wednesday to win approval from the U.S. Federal Aviation Administration to fly its 737 MAX jet again after two fatal disasters.
The FAA will detail software upgrades and training changes Boeing must make in order for it to resume commercial flights after a 20-month grounding, the longest in commercial aviation history.
The 737 MAX crashes in Indonesia and Ethiopia killed 346 people within five months in 2018 and 2019 and triggered a hailstorm of investigations, ousted executives, frayed U.S. leadership in global aviation and cost Boeing some $20 billion.
The U.S. planemaker's best-selling jet will resume commercial service facing strong headwinds like a resurgent coronavirus pandemic, new European tariffs, and mistrust of one of the most scrutinized brands in aviation.
"Our family was broken," Naoise Ryan, whose 39-year-old husband died aboard Ethiopian Airlines flight 302, told a news conference on Tuesday. "We are suffering and we'll most likely continue to suffer for a very long time, if not for the rest of our lives."
The 737 MAX is a re-engined upgrade of a jet first introduced in the 1960s. Single-aisle jets, like the MAX and Airbus' AIR.PA rival A320, are short-haul workhorses that dominate global fleets and provide a major source of industry profit.
Anticipating FAA approval, American Airlines AAL.O plans to relaunch commercial MAX flights on Dec. 29. Southwest Airlines LUV.N, the world's largest MAX operator, does not plan to fly the aircraft until the second quarter of 2021.
When it does fly, Boeing will be running a 24-hour war room to monitor all MAX flights for issues that could impact the jet's return, from stuck landing gear to health emergencies, three people familiar with the matter said.
LONG RUNWAY AHEAD
FAA Administrator Steve Dickson is expected to sign an order lifting the flight ban on Wednesday and the agency is set to release an airworthiness directive detailing the required changes.
The FAA is requiring new pilot training and software upgrades to deal with a stall-prevention system called MCAS, which in both crashes repeatedly and powerfully shoved down the jet's nose as pilots struggled to regain control.
Leading foreign regulators in Europe, Brazil and China also must issue their own approvals after independent reviews - illustrating how the 737 MAX crashes upended a once U.S.-dominated airline safety system in which nations large and small for decades moved in lock-step with the FAA.
The FAA, which has faced accusations of being too close to Boeing in the past, said it would no longer allow Boeing to sign off on the airworthiness of some 450 already-built 737 MAXs. So it plans in-person, individual inspections that could take a year or more to complete, prolonging the jets' delivery.
Boeing meanwhile is scrambling to keep up maintenance and find airline buyers for many of its mothballed 737 MAXs since the coronavirus downturn sapped airlines' desire to refresh fleets.
For a graphic on 737 MAX orders and deliveries to airline customers, click here: https://graphics.reuters.com/BOEING-ORDERS/MAX/xlbpgzjbovq
Even with all the hurdles, resuming deliveries of the 737 MAX will open up a crucial pipeline of cash for Boeing and hundreds of parts suppliers whose finances were strained by production cuts linked to the jet's safety ban.
Numerous reports have faulted Boeing and the FAA on the plane’s development. A U.S. House of Representatives report in September said "Boeing failed in its design and development of the MAX, and the FAA failed in its oversight of Boeing and its certification of the aircraft."
The report said Boeing made “faulty design and performance assumptions," while it also criticized Boeing for withholding “crucial information from the FAA, its customers, and 737 MAX pilots” including “concealing the very existence of MCAS from 737 MAX pilots.”
The House on Tuesday unanimously passed a bill to reform how the FAA certifies airplanes, while a Senate panel is to consider a similar bill on Wednesday.
FACTBOX-Key changes to Boeing's 737 MAX after fatal crashes
FOCUS-Support for MAX brand wavers as Boeing jet nears green light
TIMELINE-Events in Boeing's 737 MAX crisis
Graphic-737 MAX orders by airline through October 2020https://graphics.reuters.com/BOEING-ORDERS/MAX/xlbpgzjbovq/
(Reporting by Eric M. Johnson in Seattle, Tracy Rucinski in Chicago, David Shepardson in Washington, Allison Lampert in Montreal and Jamie Freed in Sydney Editing by Matthew Lewis)
((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Anticipating FAA approval, American Airlines AAL.O plans to relaunch commercial MAX flights on Dec. 29. By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE, Nov 18 (Reuters) - After nearly two years of scrutiny, corporate upheaval and a standoff with global regulators, Boeing Co BA.N is set on Wednesday to win approval from the U.S. Federal Aviation Administration to fly its 737 MAX jet again after two fatal disasters. When it does fly, Boeing will be running a 24-hour war room to monitor all MAX flights for issues that could impact the jet's return, from stuck landing gear to health emergencies, three people familiar with the matter said.
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Anticipating FAA approval, American Airlines AAL.O plans to relaunch commercial MAX flights on Dec. 29. By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE, Nov 18 (Reuters) - After nearly two years of scrutiny, corporate upheaval and a standoff with global regulators, Boeing Co BA.N is set on Wednesday to win approval from the U.S. Federal Aviation Administration to fly its 737 MAX jet again after two fatal disasters. The FAA will detail software upgrades and training changes Boeing must make in order for it to resume commercial flights after a 20-month grounding, the longest in commercial aviation history.
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Anticipating FAA approval, American Airlines AAL.O plans to relaunch commercial MAX flights on Dec. 29. For a graphic on 737 MAX orders and deliveries to airline customers, click here: https://graphics.reuters.com/BOEING-ORDERS/MAX/xlbpgzjbovq Even with all the hurdles, resuming deliveries of the 737 MAX will open up a crucial pipeline of cash for Boeing and hundreds of parts suppliers whose finances were strained by production cuts linked to the jet's safety ban. The report said Boeing made “faulty design and performance assumptions," while it also criticized Boeing for withholding “crucial information from the FAA, its customers, and 737 MAX pilots” including “concealing the very existence of MCAS from 737 MAX pilots.” The House on Tuesday unanimously passed a bill to reform how the FAA certifies airplanes, while a Senate panel is to consider a similar bill on Wednesday.
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Anticipating FAA approval, American Airlines AAL.O plans to relaunch commercial MAX flights on Dec. 29. The FAA will detail software upgrades and training changes Boeing must make in order for it to resume commercial flights after a 20-month grounding, the longest in commercial aviation history. FAA Administrator Steve Dickson is expected to sign an order lifting the flight ban on Wednesday and the agency is set to release an airworthiness directive detailing the required changes.
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5014.0
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2020-11-18 00:00:00 UTC
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U.S. airline CEOs renew request for more aid in letter to Congress
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AAL
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https://www.nasdaq.com/articles/u.s.-airline-ceos-renew-request-for-more-aid-in-letter-to-congress-2020-11-18
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nan
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nan
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Nov 18 (Reuters) - The chief executives of the largest U.S. airlines made a fresh plea for Congress to pass a new round of federal payroll aid this year to meet the logistical challenges of distributing a COVID-19 vaccine, according to a letter to Congressional leaders sent on Wednesday.
The letter, seen by Reuters, was sent by the main industry lobby Airlines for America and signed by the heads of the top seven U.S. airlines.
(Reporting by Tracy Rucinski and David Shepardson; Editing by Jacqueline Wongovr)
((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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Nov 18 (Reuters) - The chief executives of the largest U.S. airlines made a fresh plea for Congress to pass a new round of federal payroll aid this year to meet the logistical challenges of distributing a COVID-19 vaccine, according to a letter to Congressional leaders sent on Wednesday. The letter, seen by Reuters, was sent by the main industry lobby Airlines for America and signed by the heads of the top seven U.S. airlines. (Reporting by Tracy Rucinski and David Shepardson; Editing by Jacqueline Wongovr) ((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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Nov 18 (Reuters) - The chief executives of the largest U.S. airlines made a fresh plea for Congress to pass a new round of federal payroll aid this year to meet the logistical challenges of distributing a COVID-19 vaccine, according to a letter to Congressional leaders sent on Wednesday. The letter, seen by Reuters, was sent by the main industry lobby Airlines for America and signed by the heads of the top seven U.S. airlines. (Reporting by Tracy Rucinski and David Shepardson; Editing by Jacqueline Wongovr) ((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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Nov 18 (Reuters) - The chief executives of the largest U.S. airlines made a fresh plea for Congress to pass a new round of federal payroll aid this year to meet the logistical challenges of distributing a COVID-19 vaccine, according to a letter to Congressional leaders sent on Wednesday. The letter, seen by Reuters, was sent by the main industry lobby Airlines for America and signed by the heads of the top seven U.S. airlines. (Reporting by Tracy Rucinski and David Shepardson; Editing by Jacqueline Wongovr) ((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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Nov 18 (Reuters) - The chief executives of the largest U.S. airlines made a fresh plea for Congress to pass a new round of federal payroll aid this year to meet the logistical challenges of distributing a COVID-19 vaccine, according to a letter to Congressional leaders sent on Wednesday. The letter, seen by Reuters, was sent by the main industry lobby Airlines for America and signed by the heads of the top seven U.S. airlines. (Reporting by Tracy Rucinski and David Shepardson; Editing by Jacqueline Wongovr) ((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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5015.0
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2020-11-18 00:00:00 UTC
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Pre-Market Most Active for Nov 18, 2020 : NIO, CCL, DNK, NCLH, PFE, AAL, BA, TSLA, FCEL, LI, AAPL, GDRX
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-18-2020-%3A-nio-ccl-dnk-nclh-pfe-aal-ba-tsla-fcel-li-aapl
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 16.13 to 11,993.62. The total Pre-Market volume is currently 26,380,781 shares traded.
The following are the most active stocks for the pre-market session:
NIO Inc. (NIO) is -0.49 at $46.10, with 7,413,218 shares traded. NIO's current last sale is 153.67% of the target price of $30.
Carnival Corporation (CCL) is -0.61 at $17.44, with 3,769,163 shares traded. CCL's current last sale is 116.27% of the target price of $15.
Phoenix Tree Holdings Limited (DNK) is +0.87 at $3.27, with 3,657,721 shares traded.
Norwegian Cruise Line Holdings Ltd. (NCLH) is -1.32 at $20.74, with 3,171,795 shares traded. NCLH's current last sale is 115.22% of the target price of $18.
Pfizer, Inc. (PFE) is +0.99 at $37.03, with 2,917,223 shares traded. PFE's current last sale is 88.17% of the target price of $42.
American Airlines Group, Inc. (AAL) is +0.23 at $12.93, with 2,821,340 shares traded. AAL's current last sale is 129.3% of the target price of $10.
Boeing Company (The) (BA) is +14.1001 at $224.15, with 2,704,339 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 $-1.14. BA's current last sale is 128.09% of the target price of $175.
Tesla, Inc. (TSLA) is +8.13 at $449.74, with 961,279 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $0.6. TSLA's current last sale is 115.47% of the target price of $389.5.
FuelCell Energy, Inc. (FCEL) is +0.08 at $4.20, with 940,794 shares traded., following a 52-week high recorded in prior regular session.
Li Auto Inc. (LI) is +0.34 at $35.39, with 906,202 shares traded. LI's current last sale is 136.12% of the target price of $26.
Apple Inc. (AAPL) is -0.38 at $119.01, with 879,530 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $1.39. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
GoodRx Holdings, Inc. (GDRX) is -2.28 at $33.93, with 676,216 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 $12.93, with 2,821,340 shares traded. AAL's current last sale is 129.3% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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American Airlines Group, Inc. (AAL) is +0.23 at $12.93, with 2,821,340 shares traded. AAL's current last sale is 129.3% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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American Airlines Group, Inc. (AAL) is +0.23 at $12.93, with 2,821,340 shares traded. AAL's current last sale is 129.3% of the target price of $10. The total Pre-Market volume is currently 26,380,781 shares traded.
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American Airlines Group, Inc. (AAL) is +0.23 at $12.93, with 2,821,340 shares traded. AAL's current last sale is 129.3% of the target price of $10. NIO's current last sale is 153.67% of the target price of $30.
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5016.0
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2020-11-18 00:00:00 UTC
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2 Dirt Cheap Robinhood Stocks That Could Skyrocket
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AAL
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https://www.nasdaq.com/articles/2-dirt-cheap-robinhood-stocks-that-could-skyrocket-2020-11-18
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nan
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nan
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Coronavirus-related shutdowns have turned some boring industries into potential world-beaters. Entire sectors have been hammered by the stock market, as revenues have evaporated because of stay-at-home orders. For optimists who think that this too shall pass, this market turmoil gives investors an opportunity to buy sector leaders at rock bottom prices.
Industries that have been nearly killed by the lockdowns include airlines, hotels, movie theaters, restaurants, and cruise ships. Right now these stocks are proxies for our war against COVID-19. If you think the coronavirus is a new normal for the next several years, avoid these sectors like the plague. Many of these companies carry huge debt loads, and stay-at-home measures that last for years will send several major companies into bankruptcy court.
Image source: Getty Images.
However, if you are bullish on coronavirus vaccines, and you think humanity will defeat this COVID-19 threat sooner rather later, investing in these bearish sectors now makes a lot of sense. Several stocks have witnessed a 50% drop because of the coronavirus; a return to normalcy implies a double from these levels. This is why I bought shares of Royal Caribbean (NYSE: RCL), IMAX, and Park Hotels & Resorts after the coronavirus lockdowns hammered these stocks.
It looks like many Robinhood investors have the same idea. In particular, Robinhood investors are very bullish on airlines and cruise ships right now, buying the stocks of all the major airlines and cruise lines despite the ugly numbers. My two favorite Robinhood stocks in these demolished sectors are United Airlines (NASDAQ: UAL) and Royal Caribbean.
Why United is the best candidate for airline outperformance
If you're investing in airlines because of the lockdown beatdown, United is a strong candidate to recover. For starters, it's very clear that United's stock is being punished almost entirely because of the coronavirus. Just look at the company's 10-year chart.
Data from YCharts.
The company's new CEO, Scott Kirby, joined the company in 2016. A lot of industry observers think Kirby is one of the best in the business. Over the last several years, United had been outperforming the S&P 500, up until COVID-19 hit. The drop-off was severe, and the recovery is likely to be just as sudden.
On Monday, when Pfizer announced positive news from its pivotal vaccine trial, all the airline stocks ran up 20% or more. We'll see similar spectacular returns when COVID-19 vaccines start receiving FDA approval.
Why buy shares of United and not Delta or American (NASDAQ: AAL)? Interestingly, all three of the majors have similar revenue totals right now. But United's stock is a lot cheaper than Delta's. And while American's stock price is the cheapest of the three, American has scary debt compared to its cash.
AIRLINE REVENUE PRICE-TO-SALES RATIO CASH DEBT
United $23 billion 0.43 $14 billion $34 billion
Delta $24 billion 0.82 $21 billion $45 billion
American $24 billion 0.21 $8 billion $41 billion
Data source: Yahoo! Finance.
Royal Caribbean will sail higher
If you had to name the sector that's been hardest hit by the coronavirus, it's got to be cruise ships. Airlines, hotels, and restaurants have all been impacted, but at least these businesses are still operating. The cruise lines have seen their revenues crash to zero.
Actually for Royal Caribbean, it's fallen to below zero. In the company's most recent quarter, revenue plummeted from $3.2 billion in the year-ago quarter to negative $33.7 million. That's ugly but hardly a surprise. You can't make money if your ships can't sail.
On the other hand, next year's comps are going to be amazing. Revenue should skyrocket from nothing to $1 billion or more. In my opinion, all the bad news from COVID-19 has already been priced into this stock. The market is starting to look ahead and form opinions about what this business will look like in 2021.
Royal Caribbean's stock has zoomed since March. From a low of $20, it's run up to $70. If you looked at a six-month stock chart, you'd have no idea this business has been shut down by the government.
Data from YCharts.
Right now, Royal Caribbean is planning to resume operations at the beginning of the year. Is there any demand for cruises? Yes indeed. "We have been both humbled and surprised with the amount of bookings we are seeing for 2021, with literally no marketing efforts and frankly very little good news," said Chairman and CEO Richard Fain.
The Centers for Disease Control and Prevention (CDC) is on the verge of allowing cruise ships to sail again. But first, health authorities are asking the companies to run cruise simulations to see if they are ready to reopen. While it's still in the planning stages, a simulated cruise would include normal cruise activities such as dining, entertainment, and trips to island beaches. But it would also include practice scenarios for what would happen if a passenger tested positive for COVID-19, such as quarantine and cabin confinement.
Royal Caribbean has been inundated with emails from people who want to volunteer for a cruise simulation. "Royal Caribbean has some of the most loyal guests in the cruise industry, and we have been overjoyed with their interest to take part in our simulated trial sailings," company spokesperson Jonathon Fishman told CNN Travel. In one week, Royal Caribbean received over 5,000 emails from people who wanted to take part in the trial.
Robinhood investors are right -- airlines and cruise ships will recover from COVID-19. And the stocks of United and Royal Caribbean should zoom higher when that happens.
10 stocks we like better than Royal Caribbean
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Taylor Carmichael owns shares of IMAX, Park Hotels & Resorts Inc., and Royal Caribbean. 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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Why buy shares of United and not Delta or American (NASDAQ: AAL)? This is why I bought shares of Royal Caribbean (NYSE: RCL), IMAX, and Park Hotels & Resorts after the coronavirus lockdowns hammered these stocks. "We have been both humbled and surprised with the amount of bookings we are seeing for 2021, with literally no marketing efforts and frankly very little good news," said Chairman and CEO Richard Fain.
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Why buy shares of United and not Delta or American (NASDAQ: AAL)? This is why I bought shares of Royal Caribbean (NYSE: RCL), IMAX, and Park Hotels & Resorts after the coronavirus lockdowns hammered these stocks. In particular, Robinhood investors are very bullish on airlines and cruise ships right now, buying the stocks of all the major airlines and cruise lines despite the ugly numbers.
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Why buy shares of United and not Delta or American (NASDAQ: AAL)? In particular, Robinhood investors are very bullish on airlines and cruise ships right now, buying the stocks of all the major airlines and cruise lines despite the ugly numbers. United $23 billion 0.43 $14 billion $34 billion Delta $24 billion 0.82 $21 billion $45 billion American $24 billion 0.21 $8 billion $41 billion Data source: Yahoo!
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Why buy shares of United and not Delta or American (NASDAQ: AAL)? In particular, Robinhood investors are very bullish on airlines and cruise ships right now, buying the stocks of all the major airlines and cruise lines despite the ugly numbers. Royal Caribbean will sail higher If you had to name the sector that's been hardest hit by the coronavirus, it's got to be cruise ships.
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5017.0
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2020-11-18 00:00:00 UTC
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U.S. to approve 737 MAX return as Boeing faces strong headwinds
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AAL
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https://www.nasdaq.com/articles/u.s.-to-approve-737-max-return-as-boeing-faces-strong-headwinds-2020-11-18-0
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nan
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By David Shepardson and Eric M. Johnson
WASHINGTON/SEATTLE, Nov 18 (Reuters) - After nearly two years of scrutiny, corporate upheaval and a standoff with global regulators, Boeing Co BA.N is set to win approval on Wednesday from the U.S. Federal Aviation Administration to fly its 737 MAX jet again after two fatal disasters.
The FAA will detail software upgrades and training changes Boeing must make in order for it to resume commercial flights after a 20-month grounding, the longest in commercial aviation history.
The 737 MAX crashes in Indonesia and Ethiopia killed 346 people within five months in 2018 and 2019 and triggered a hailstorm of investigations, ousted executives, frayed U.S. leadership in global aviation and cost Boeing some $20 billion.
The U.S. planemaker's best-selling jet will resume commercial service facing strong headwinds like a resurgent coronavirus pandemic, new European tariffs, and mistrust of one of the most scrutinized brands in aviation.
"Our family was broken," Naoise Ryan, whose 39-year-old husband died aboard Ethiopian Airlines flight 302, told a news conference on Tuesday. "We are suffering and we'll most likely continue to suffer for a very long time, if not for the rest of our lives."
The 737 MAX is a re-engined upgrade of a jet first introduced in the 1960s. Single-aisle jets, like the MAX and Airbus' AIR.PA rival A320, are short-haul workhorses that dominate global fleets and provide a major source of industry profit.
Anticipating FAA approval, American Airlines AAL.O plans to relaunch commercial MAX flights on Dec. 29. Southwest Airlines LUV.N, the world's largest MAX operator, does not plan to fly the aircraft until the second quarter of 2021.
Leading foreign regulators in Europe, Brazil and China also must issue their own approvals for their airlines after independent reviews - illustrating how the 737 MAX crashes upended a once U.S.-dominated airline safety system in which nations large and small for decades moved in lock-step with the FAA.
When it does fly, Boeing will be running a 24-hour war room to monitor all MAX flights for issues that could impact the jet's return, from stuck landing gear to health emergencies, three people familiar with the matter said.
LONG RUNWAY AHEAD
FAA Administrator Steve Dickson is expected to sign an order lifting the flight ban on Wednesday and the agency is set to release an airworthiness directive detailing the required changes.
The FAA is requiring new pilot training and software upgrades to deal with a stall-prevention system called MCAS, which in both crashes repeatedly and powerfully shoved down the jet's nose as pilots struggled to regain control.
The FAA, which has faced accusations of being too close to Boeing in the past, said it would no longer allow Boeing to sign off on the airworthiness of some 450 already-built 737 MAXs. So it plans in-person, individual inspections that could take a year or more to complete, prolonging the jets' delivery.
Boeing meanwhile is scrambling to keep up maintenance and find airline buyers for many of its mothballed 737 MAXs since the coronavirus downturn sapped airlines' desire to refresh fleets.
For a graphic on 737 MAX orders and deliveries to airline customers, click here: https://graphics.reuters.com/BOEING-ORDERS/MAX/xlbpgzjbovq
Even with all the hurdles, resuming deliveries of the 737 MAX will open up a crucial pipeline of cash for Boeing and hundreds of parts suppliers whose finances were strained by production cuts linked to the jet's safety ban.
Numerous reports have faulted Boeing and the FAA on the plane’s development. A U.S. House of Representatives report in September said "Boeing failed in its design and development of the MAX, and the FAA failed in its oversight of Boeing and its certification of the aircraft."
The report said Boeing made “faulty design and performance assumptions," while it also criticized Boeing for withholding “crucial information from the FAA, its customers, and 737 MAX pilots” including “concealing the very existence of MCAS from 737 MAX pilots.”
The House on Tuesday unanimously passed a bill to reform how the FAA certifies airplanes, while a Senate panel is to consider a similar bill on Wednesday.
FACTBOX-Key changes to Boeing's 737 MAX after fatal crashes
FOCUS-Support for MAX brand wavers as Boeing jet nears green light
TIMELINE-Events in Boeing's 737 MAX crisis
Graphic-737 MAX orders by airline through October 2020https://graphics.reuters.com/BOEING-ORDERS/MAX/xlbpgzjbovq/
(Reporting by Eric M. Johnson in Seattle, Tracy Rucinski in Chicago, David Shepardson in Washington, Allison Lampert in Montreal and Jamie Freed in Sydney; Editing by Matthew Lewis)
((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Anticipating FAA approval, American Airlines AAL.O plans to relaunch commercial MAX flights on Dec. 29. By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE, Nov 18 (Reuters) - After nearly two years of scrutiny, corporate upheaval and a standoff with global regulators, Boeing Co BA.N is set to win approval on Wednesday from the U.S. Federal Aviation Administration to fly its 737 MAX jet again after two fatal disasters. The 737 MAX crashes in Indonesia and Ethiopia killed 346 people within five months in 2018 and 2019 and triggered a hailstorm of investigations, ousted executives, frayed U.S. leadership in global aviation and cost Boeing some $20 billion.
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Anticipating FAA approval, American Airlines AAL.O plans to relaunch commercial MAX flights on Dec. 29. By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE, Nov 18 (Reuters) - After nearly two years of scrutiny, corporate upheaval and a standoff with global regulators, Boeing Co BA.N is set to win approval on Wednesday from the U.S. Federal Aviation Administration to fly its 737 MAX jet again after two fatal disasters. The FAA will detail software upgrades and training changes Boeing must make in order for it to resume commercial flights after a 20-month grounding, the longest in commercial aviation history.
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Anticipating FAA approval, American Airlines AAL.O plans to relaunch commercial MAX flights on Dec. 29. For a graphic on 737 MAX orders and deliveries to airline customers, click here: https://graphics.reuters.com/BOEING-ORDERS/MAX/xlbpgzjbovq Even with all the hurdles, resuming deliveries of the 737 MAX will open up a crucial pipeline of cash for Boeing and hundreds of parts suppliers whose finances were strained by production cuts linked to the jet's safety ban. The report said Boeing made “faulty design and performance assumptions," while it also criticized Boeing for withholding “crucial information from the FAA, its customers, and 737 MAX pilots” including “concealing the very existence of MCAS from 737 MAX pilots.” The House on Tuesday unanimously passed a bill to reform how the FAA certifies airplanes, while a Senate panel is to consider a similar bill on Wednesday.
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Anticipating FAA approval, American Airlines AAL.O plans to relaunch commercial MAX flights on Dec. 29. The FAA will detail software upgrades and training changes Boeing must make in order for it to resume commercial flights after a 20-month grounding, the longest in commercial aviation history. FAA Administrator Steve Dickson is expected to sign an order lifting the flight ban on Wednesday and the agency is set to release an airworthiness directive detailing the required changes.
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5018.0
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2020-11-18 00:00:00 UTC
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US STOCKS-Wall St set to rise on vaccine bets; Boeing jumps
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-rise-on-vaccine-bets-boeing-jumps-2020-11-18
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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.
Boeing surges on 737 MAX jet approval
Pfizer gains on improved final vaccine trial data
Lowe's slides after forecast disappoints
Target, TJX rise after results beat
Futures up: Dow 0.4%, S&P 0.2%, Nasdaq 0.1%
Adds comments, details; updates prices
By Shivani Kumaresan and Medha Singh
Nov 18 (Reuters) - Wall Street was set to open slightly higher on Wednesday as fresh signs of a COVID-19 vaccine fueled bets of faster economic revival next year, while Boeing surged after it won U.S. approval to resume flights of its 737 MAX jet.
The planemaker's shares BA.N jumped about 6.5% in premarket trading as it geared up to resume deliveries of the jet after a 20-month grounding following two fatal crashes.
The news also lifted shares of airlines. American Airlines AAL.O gained 1.9% and Southwest Airlines LUV.N added 2.5% as the carriers laid out plans to fly the aircraft again.
Meanwhile, Pfizer Inc PFE.N said it would apply for emergency U.S. authorization of its COVID-19 vaccine within days and disclosed final results from a late-stage trial that showed it was 95% effective. The drugmaker's shares rose 2.9%.
The announcement comes after Moderna Inc MRNA.O on Monday released preliminary data for its COVID-19 vaccine, showing similar effectiveness.
"With earnings announcements coming in better than expected from the retail space and the positive news on Boeing, it should drive interest in cyclicals," said Robert Pavlik, senior portfolio manager at Dakota Wealth, New York.
"It is sort of a mad rush because the thinking is that the economy is going to be in better shape six months to a year from now."
Target Corp TGT.N rose 2.8% after the big-box retailer blew past expectations for quarterly profit and sales, as its quick delivery services boosted online shopping.
Discount store operator TJX Companies Inc TJX.N rose about 4% after beating quarterly sales estimate.
At 08:28 a.m. EST, Dow E-minis 1YMcv1 were up 0.39%, S&P 500 E-minis EScv1 were up 0.22% and Nasdaq 100 E-minis NQcv1 gained 0.13%.
The benchmark S&P 500 .SPX and the blue-chip Dow .DJI retreated from all-time highs on Tuesday as glum U.S. retail sales data, as well as the specter of fresh restrictions dampened demand for risky assets.
The number of reported global daily deaths from the coronavirus stood at its highest ever on Tuesday, as the virus's global epicenter the United States entered winter.
Lowe's Cos Inc LOW.N tumbled 6% as the home improvement chain forecast holiday-quarter earnings largely below analysts' estimates.
(Reporting by Shivani Kumaresan, Sruthi Shankar, Medha Singh, Shriya Ramakrishnan in Bengaluru; Editing by Sriraj Kalluvila)
((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))
The views and 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 gained 1.9% and Southwest Airlines LUV.N added 2.5% as the carriers laid out plans to fly the aircraft again. Boeing surges on 737 MAX jet approval Pfizer gains on improved final vaccine trial data Lowe's slides after forecast disappoints Target, TJX rise after results beat Futures up: Dow 0.4%, S&P 0.2%, Nasdaq 0.1% Adds comments, details; updates prices By Shivani Kumaresan and Medha Singh Nov 18 (Reuters) - Wall Street was set to open slightly higher on Wednesday as fresh signs of a COVID-19 vaccine fueled bets of faster economic revival next year, while Boeing surged after it won U.S. approval to resume flights of its 737 MAX jet. "With earnings announcements coming in better than expected from the retail space and the positive news on Boeing, it should drive interest in cyclicals," said Robert Pavlik, senior portfolio manager at Dakota Wealth, New York.
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American Airlines AAL.O gained 1.9% and Southwest Airlines LUV.N added 2.5% as the carriers laid out plans to fly the aircraft again. Boeing surges on 737 MAX jet approval Pfizer gains on improved final vaccine trial data Lowe's slides after forecast disappoints Target, TJX rise after results beat Futures up: Dow 0.4%, S&P 0.2%, Nasdaq 0.1% Adds comments, details; updates prices By Shivani Kumaresan and Medha Singh Nov 18 (Reuters) - Wall Street was set to open slightly higher on Wednesday as fresh signs of a COVID-19 vaccine fueled bets of faster economic revival next year, while Boeing surged after it won U.S. approval to resume flights of its 737 MAX jet. Discount store operator TJX Companies Inc TJX.N rose about 4% after beating quarterly sales estimate.
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American Airlines AAL.O gained 1.9% and Southwest Airlines LUV.N added 2.5% as the carriers laid out plans to fly the aircraft again. Boeing surges on 737 MAX jet approval Pfizer gains on improved final vaccine trial data Lowe's slides after forecast disappoints Target, TJX rise after results beat Futures up: Dow 0.4%, S&P 0.2%, Nasdaq 0.1% Adds comments, details; updates prices By Shivani Kumaresan and Medha Singh Nov 18 (Reuters) - Wall Street was set to open slightly higher on Wednesday as fresh signs of a COVID-19 vaccine fueled bets of faster economic revival next year, while Boeing surged after it won U.S. approval to resume flights of its 737 MAX jet. "With earnings announcements coming in better than expected from the retail space and the positive news on Boeing, it should drive interest in cyclicals," said Robert Pavlik, senior portfolio manager at Dakota Wealth, New York.
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American Airlines AAL.O gained 1.9% and Southwest Airlines LUV.N added 2.5% as the carriers laid out plans to fly the aircraft again. The news also lifted shares of airlines. Meanwhile, Pfizer Inc PFE.N said it would apply for emergency U.S. authorization of its COVID-19 vaccine within days and disclosed final results from a late-stage trial that showed it was 95% effective.
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5019.0
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2020-11-17 00:00:00 UTC
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FOCUS-Support for MAX brand wavers as Boeing jet nears green light
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AAL
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https://www.nasdaq.com/articles/focus-support-for-max-brand-wavers-as-boeing-jet-nears-green-light-2020-11-17
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By Eric M. Johnson and Tracy Rucinski
SEATTLE/CHICAGO, Nov 16 (Reuters) - Boeing Co BA.N is set to win approval for its grounded 737 MAX this week, but chinks are appearing in the brand as the most traumatic chapter in the jetmaker's history overshadows the planes' original billing of superlative performance.
When it returns to the skies next month as expected after a nearly two-year safety review, the "MAX" name will still be officially in place. Some airlines, however, have begun to soft-pedal references to the aircraft following two fatal crashes that killed 346 people.
Industry sources familiar with the branding say the name will likely be phased out over time as a strategy unfolds among airlines to de-emphasize the "MAX" label in favor of the formal names assigned to each variant, like "737-7" or "737-8."
"You will see the MAX name used less frequently," one of the sources told Reuters. Another person involved in discussions over the marketing predicted the MAX name would gradually fade in coming years.
Boeing declined to comment.
The wavering support for the brand could be a setback for the company, which had unusually advertised a name as well as a model number, and urged airlines to "Think MAX." It also shows a potential sore point with airlines, who had invested promotional dollars in a name now seen as tarnished.
Brand Finance last year estimated the MAX's problems had wiped $7.5 billion off the value of Boeing's corporate image.
Anticipating this week's approval, American Airlines Group Inc AAL.O plans to relaunch commercial MAX flights on Dec. 29 from Miami to New York City.
While passengers will see the MAX name on booking systems, they will not see it on safety cards in seat pockets, people familiar with the change told Reuters.
American said the change is not intended to hide the MAX brand and corresponds to a plan to standardize safety cards across its 737 fleet that began even before it took delivery of its first Boeing 737 MAX aircraft in 2017.
"This approach is consistent with other fleet types where we do not have different safety cards for sub-fleets," a spokeswoman said, noting a similar move with its A321 fleet.
American has vowed to be transparent with customers about the MAX and will offer other travel options if they don't want to fly the aircraft.
Originally conceived in 2011, the word "MAX" was only ever a marketing title for the latest 737. Removing it from the cards has no impact on safety. But the cabin is where airlines define their brand, planning every visual cue, and virtually nothing there happens by chance, airline marketing experts say.
Doubts over the name surfaced in August when a news release on a MAX order from Poland's Enter Air referred to it as the "737-8."
Last week, Air Canada AC.TO used the same designation in a news release on quarterly earnings, with "MAX" appearing only in footnotes - a change from the year-ago format. An Air Canada spokeswoman said the airline uses the term "interchangeably."
While it is keeping the name, Boeing allows airlines to decide how they want to market the MAX. Even before the crashes, Ireland's Ryanair Holdings PLC RYA.I had decided to refer to its specially designed version as the "Gamechanger" rather than "MAX".
"If Boeing's customers want it dropped, it will be dropped," a third source said, adding that some key "customers are saying the name MAX is tainted."
HIGH VISIBILITY
Pressures on the once-unstoppable brand name for Boeing's fastest-selling jet highlight a delicate problem for airlines.
In the near-term, they must restore public trust in the aircraft, which calls for transparency about which plane is being used, something U.S. operators have pledged to enforce.
But the name has also drawn high-profile scepticism.
In April 2019, U.S. President Donald Trump tweeted, "I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name."
In January 2020, the chairman of Air Lease Corp AL.N, an influential buyer, said the "damaged" brand should be dropped.
Changing the name of a tarnished brand has been a well-proven strategy for companies seeking to move past crises.
"Some people will remember and give you grief in the short term, but you've broken the connection," said Paul Argenti, a professor at Dartmouth's Tuck School of Business. "Someone getting on the plane four years from now won't remember 'MAX.'"
JET NICKNAMES
The MAX's branding woes are all the more tricky for Boeing, as naming civilian jets is the exception rather than the rule.
While official nicknames are common for military jets like the F/A-18 "Super Hornet," Boeing only gave its first nickname to a civilian jet with its 787 "Dreamliner" about a decade ago.
But for the MAX, it needed to pack a bigger punch in an all-out battle for market share against European rival Airbus SE AIR.PA.
In 2011, Boeing abandoned plans for an all-new jet and launched a quicker 737 MAX upgrade after being blindsided by a huge Airbus sale to American Airlines, the company now reopening MAX flights.
Boeing marketers came up with a name that "ticked numerous boxes: max performance, max capacity, max range," said a person familiar with the discussions.
A promotional Boeing video using camera angles to give the impression of a vertical take-off - tagged "Flown by Boeing test pilots. Do not attempt" - underscored the superlative claims.
"It was short and effective," the person familiar with the discussions said of the name. "The problem," he added, "is that in a negative context it has been very effective too."
(Reporting by Eric M. Johnson in Seattle, Tim Hepher in Paris, and Tracy Rucinski in Chicago; additional reporting by Allison Lampert in Montreal; editing by Matthew Lewis and Edward Tobin)
((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Anticipating this week's approval, American Airlines Group Inc AAL.O plans to relaunch commercial MAX flights on Dec. 29 from Miami to New York City. By Eric M. Johnson and Tracy Rucinski SEATTLE/CHICAGO, Nov 16 (Reuters) - Boeing Co BA.N is set to win approval for its grounded 737 MAX this week, but chinks are appearing in the brand as the most traumatic chapter in the jetmaker's history overshadows the planes' original billing of superlative performance. In April 2019, U.S. President Donald Trump tweeted, "I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name."
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Anticipating this week's approval, American Airlines Group Inc AAL.O plans to relaunch commercial MAX flights on Dec. 29 from Miami to New York City. By Eric M. Johnson and Tracy Rucinski SEATTLE/CHICAGO, Nov 16 (Reuters) - Boeing Co BA.N is set to win approval for its grounded 737 MAX this week, but chinks are appearing in the brand as the most traumatic chapter in the jetmaker's history overshadows the planes' original billing of superlative performance. While passengers will see the MAX name on booking systems, they will not see it on safety cards in seat pockets, people familiar with the change told Reuters.
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Anticipating this week's approval, American Airlines Group Inc AAL.O plans to relaunch commercial MAX flights on Dec. 29 from Miami to New York City. American said the change is not intended to hide the MAX brand and corresponds to a plan to standardize safety cards across its 737 fleet that began even before it took delivery of its first Boeing 737 MAX aircraft in 2017. In 2011, Boeing abandoned plans for an all-new jet and launched a quicker 737 MAX upgrade after being blindsided by a huge Airbus sale to American Airlines, the company now reopening MAX flights.
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Anticipating this week's approval, American Airlines Group Inc AAL.O plans to relaunch commercial MAX flights on Dec. 29 from Miami to New York City. American said the change is not intended to hide the MAX brand and corresponds to a plan to standardize safety cards across its 737 fleet that began even before it took delivery of its first Boeing 737 MAX aircraft in 2017. While it is keeping the name, Boeing allows airlines to decide how they want to market the MAX.
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5020.0
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2020-11-17 00:00:00 UTC
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American, British Airways, oneworld to trial COVID-19 tests
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AAL
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https://www.nasdaq.com/articles/american-british-airways-oneworld-to-trial-covid-19-tests-2020-11-17
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LONDON, Nov 17 (Reuters) - American Airlines AAL.O, British Airways ICAG.L, and the oneworld alliance will launch a coronavirus testing trial this month aimed at convincing the U.S. and UK governments to introduce testing so that transatlantic travel can restart.
BA was operating 84 flights per week between London Heathrow and New York JFK prior to the pandemic, but last week operated just 21.
BA CEO Sean Doyle said that without a travel testing regime, Britain was being left behind countries such as Germany.
Alongside its partners, BA plans to collect data from at least 500 passengers on flights from three U.S. cities to London Heathrow by asking them to take three free COVID-19 tests as part of their journey: one before departure, one on landing, and one three days after their arrival.
"What we're trying to evidence here is the effectiveness of testing to replace quarantines," BA CEO Doyle, who has been in the role for just six weeks, told reporters on a call.
He said that recent positive vaccine news was encouraging but it was unclear when a vaccine would start to have a material effect on travel.
The data collected from the trial, which will start on Nov. 25, will be collated by independent scientists and presented to UK ministers to help convince them to drop a 14-day quarantine rule for arrivals from most countries.
"If we have a testing framework that is there, you know regardless of the development of the pandemic, it gives people certainty from which they can plan," Doyle said.
In one of his first media appearances since taking up the CEO job at BA, which is owned by IAG ICAG.L, Doyle said the airline needed to be proactive in coming up with solutions to the crisis.
Britain's transport minister said on Friday he would be making an announcement on changes to the country's 14-day quarantine rule for arrivals "very soon".
(Reporting by Sarah Young; editing by Jason Neely)
((sarah.young@thomsonreuters.com; +44 20 7542 1109; Reuters Messaging: sarah.young.thomsonreuters@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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LONDON, Nov 17 (Reuters) - American Airlines AAL.O, British Airways ICAG.L, and the oneworld alliance will launch a coronavirus testing trial this month aimed at convincing the U.S. and UK governments to introduce testing so that transatlantic travel can restart. Alongside its partners, BA plans to collect data from at least 500 passengers on flights from three U.S. cities to London Heathrow by asking them to take three free COVID-19 tests as part of their journey: one before departure, one on landing, and one three days after their arrival. The data collected from the trial, which will start on Nov. 25, will be collated by independent scientists and presented to UK ministers to help convince them to drop a 14-day quarantine rule for arrivals from most countries.
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LONDON, Nov 17 (Reuters) - American Airlines AAL.O, British Airways ICAG.L, and the oneworld alliance will launch a coronavirus testing trial this month aimed at convincing the U.S. and UK governments to introduce testing so that transatlantic travel can restart. BA was operating 84 flights per week between London Heathrow and New York JFK prior to the pandemic, but last week operated just 21. Alongside its partners, BA plans to collect data from at least 500 passengers on flights from three U.S. cities to London Heathrow by asking them to take three free COVID-19 tests as part of their journey: one before departure, one on landing, and one three days after their arrival.
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LONDON, Nov 17 (Reuters) - American Airlines AAL.O, British Airways ICAG.L, and the oneworld alliance will launch a coronavirus testing trial this month aimed at convincing the U.S. and UK governments to introduce testing so that transatlantic travel can restart. Alongside its partners, BA plans to collect data from at least 500 passengers on flights from three U.S. cities to London Heathrow by asking them to take three free COVID-19 tests as part of their journey: one before departure, one on landing, and one three days after their arrival. "What we're trying to evidence here is the effectiveness of testing to replace quarantines," BA CEO Doyle, who has been in the role for just six weeks, told reporters on a call.
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LONDON, Nov 17 (Reuters) - American Airlines AAL.O, British Airways ICAG.L, and the oneworld alliance will launch a coronavirus testing trial this month aimed at convincing the U.S. and UK governments to introduce testing so that transatlantic travel can restart. BA was operating 84 flights per week between London Heathrow and New York JFK prior to the pandemic, but last week operated just 21. BA CEO Sean Doyle said that without a travel testing regime, Britain was being left behind countries such as Germany.
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5021.0
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2020-11-17 00:00:00 UTC
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Britain and U.S. sign aviation deal for post-Brexit flights
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AAL
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https://www.nasdaq.com/articles/britain-and-u.s.-sign-aviation-deal-for-post-brexit-flights-2020-11-17
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nan
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nan
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Adds background
LONDON, Nov 17 (Reuters) - Britain and the U.S. have signed a deal for the continuation of flights between the two countries as the UK prepares for the end of its transition period with the European Union.
The deal, called the Air Services Agreement, was reached in November 2018, and signed on Tuesday by UK transport minister Grant Shapps, U.S. Secretary of State Mike Pompeo and U.S. Transport Secretary Elaine Chao.
Britain left the EU earlier this year but in practice remains covered by EU agreements and rules until the transition period finishes at the end of this year.
The newly signed agreement allows the two countries to continue existing operations as they did under the EU-U.S. open skies deal, although flying between them is currently at a very low level due to the coronavirus pandemic.
Before COVID-19, tens of millions of passengers a year travelled between the countries, contributing to a trading relationship with the U.S. worth over 230 billion pounds ($300 billion), said the UK's Department for Transport in a statement.
British Airways, part of IAG ICAG.L, and Virgin Atlantic, two UK-based airlines which fly trans-Atlantic routes, have called on the two governments to work together to agree a testing regime to allow travel to recover during the pandemic.
(Reporting by Sarah Young; editing by Michael Holden and Stephen Addison)
((sarah.young@thomsonreuters.com; +44 20 7542 1109; Reuters Messaging: sarah.young.thomsonreuters@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds background LONDON, Nov 17 (Reuters) - Britain and the U.S. have signed a deal for the continuation of flights between the two countries as the UK prepares for the end of its transition period with the European Union. The newly signed agreement allows the two countries to continue existing operations as they did under the EU-U.S. open skies deal, although flying between them is currently at a very low level due to the coronavirus pandemic. British Airways, part of IAG ICAG.L, and Virgin Atlantic, two UK-based airlines which fly trans-Atlantic routes, have called on the two governments to work together to agree a testing regime to allow travel to recover during the pandemic.
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Adds background LONDON, Nov 17 (Reuters) - Britain and the U.S. have signed a deal for the continuation of flights between the two countries as the UK prepares for the end of its transition period with the European Union. The deal, called the Air Services Agreement, was reached in November 2018, and signed on Tuesday by UK transport minister Grant Shapps, U.S. Secretary of State Mike Pompeo and U.S. Transport Secretary Elaine Chao. Britain left the EU earlier this year but in practice remains covered by EU agreements and rules until the transition period finishes at the end of this year.
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Adds background LONDON, Nov 17 (Reuters) - Britain and the U.S. have signed a deal for the continuation of flights between the two countries as the UK prepares for the end of its transition period with the European Union. The deal, called the Air Services Agreement, was reached in November 2018, and signed on Tuesday by UK transport minister Grant Shapps, U.S. Secretary of State Mike Pompeo and U.S. Transport Secretary Elaine Chao. Britain left the EU earlier this year but in practice remains covered by EU agreements and rules until the transition period finishes at the end of this year.
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Adds background LONDON, Nov 17 (Reuters) - Britain and the U.S. have signed a deal for the continuation of flights between the two countries as the UK prepares for the end of its transition period with the European Union. The deal, called the Air Services Agreement, was reached in November 2018, and signed on Tuesday by UK transport minister Grant Shapps, U.S. Secretary of State Mike Pompeo and U.S. Transport Secretary Elaine Chao. Britain left the EU earlier this year but in practice remains covered by EU agreements and rules until the transition period finishes at the end of this year.
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5022.0
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2020-11-17 00:00:00 UTC
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Pre-Market Most Active for Nov 17, 2020 : NIO, FCEL, TSLA, BP, LI, AAL, WBA, CVS, XPEV, CCL, WMT, DKNG
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-17-2020-%3A-nio-fcel-tsla-bp-li-aal-wba-cvs-xpev-ccl-wmt-dkng
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 25.87 to 12,039.25. The total Pre-Market volume is currently 36,113,180 shares traded.
The following are the most active stocks for the pre-market session:
NIO Inc. (NIO) is +1.46 at $47.04, with 5,054,140 shares traded. PR Newswire Reports: Direxion Launches Moonshot ETF
FuelCell Energy, Inc. (FCEL) is +0.635 at $4.38, with 4,629,694 shares traded., following a 52-week high recorded in prior regular session.
Tesla, Inc. (TSLA) is +52.1672 at $460.26, with 2,193,775 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $0.6. TSLA's current last sale is 118.17% of the target price of $389.5.
BP p.l.c. (BP) is -0.18 at $19.58, with 2,120,711 shares traded. BP's current last sale is 76.78% of the target price of $25.5.
Li Auto Inc. (LI) is +1.6 at $37.15, with 2,104,145 shares traded. LI's current last sale is 142.88% of the target price of $26.
American Airlines Group, Inc. (AAL) is -0.27 at $12.52, with 1,286,160 shares traded. AAL's current last sale is 125.2% of the target price of $10.
Walgreens Boots Alliance, Inc. (WBA) is -4.5002 at $39.60, with 1,241,026 shares traded. WBA's current last sale is 99% of the target price of $40.
CVS Health Corporation (CVS) is -5.73 at $67.74, with 1,124,739 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021. The consensus EPS forecast is $1.97. As reported by Zacks, the current mean recommendation for CVS is in the "buy range".
XPeng Inc. (XPEV) is +2.17 at $46.27, with 1,011,933 shares traded. As reported by Zacks, the current mean recommendation for XPEV is in the "strong buy range".
Carnival Corporation (CCL) is -0.45 at $17.12, with 875,904 shares traded. CCL's current last sale is 114.13% of the target price of $15.
Walmart Inc. (WMT) is -1.15 at $151.29, with 798,222 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2020. The consensus EPS forecast is $1.19. Business Wire Reports: Walmart U.S. Q3 comp sales grew 6.4% and Walmart U.S. eCommerce sales grew 79%
DraftKings Inc. (DKNG) is +1.5 at $44.23, with 558,391 shares traded. As reported by Zacks, the current mean recommendation for DKNG 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 -0.27 at $12.52, with 1,286,160 shares traded. AAL's current last sale is 125.2% of the target price of $10. FuelCell Energy, Inc. (FCEL) is +0.635 at $4.38, with 4,629,694 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is -0.27 at $12.52, with 1,286,160 shares traded. AAL's current last sale is 125.2% of the target price of $10. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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American Airlines Group, Inc. (AAL) is -0.27 at $12.52, with 1,286,160 shares traded. AAL's current last sale is 125.2% of the target price of $10. The total Pre-Market volume is currently 36,113,180 shares traded.
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American Airlines Group, Inc. (AAL) is -0.27 at $12.52, with 1,286,160 shares traded. AAL's current last sale is 125.2% of the target price of $10. The NASDAQ 100 Pre-Market Indicator is up 25.87 to 12,039.25.
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5023.0
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2020-11-16 00:00:00 UTC
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GLOBAL MARKETS-Asia stocks gain after vaccine hopes push Wall Street to record highs
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AAL
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https://www.nasdaq.com/articles/global-markets-asia-stocks-gain-after-vaccine-hopes-push-wall-street-to-record-highs-0
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nan
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nan
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By Chibuike Oguh
NEW YORK, Nov 16 (Reuters) - Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery.
Investor sentiment shot up after Moderna Inc MRNA.O said its experimental COVID-19 vaccine was 94.5% effective in preventing infection based on interim late-state data.
The Cambridge, Massachusetts-based firm became the second drugmaker, after Pfizer Inc PFE.N, to announce promising trial data in the development of a vaccine to defeat the pandemic. Its shares gained 9.6% on the day.
"This is a continuation of what we saw last week as the vaccine being a catalyst for a rotation into cyclical sectors such as energy, financials, and defense with expectations for renewed demand and travel," said Thomas Hayes, managing member at Great Hill Capital in New York.
Australia's S&P/ASX 200 .AXJO rose 0.6% in early trading, while Hong Kong's Hang Seng index futures .HSI, HSIc1 gained 0.27%. Japan's Nikkei 225 .N225 climbed 0.5%.
All three main Wall Street indexes advanced on Monday, with the Dow Jones Industrials Average setting a record as it neared the 30,000 mark for the first time in nine months. The benchmark Dow is the last of the three to reclaim levels reached in February, before lockdowns sent the markets into free-fall. The S&P 500 surpassed its own record set on Friday.
Cyclical and small cap names, which generally benefit the soonest as an economy recovers from a recession, led the way, with energy .SPNY, industrials .SPLRCI and financials .SPSY the top-performing sectors.
Travel-related stocks, which have been clobbered by coronavirus lockdowns, were also in demand. Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%.
"The light switch has really be turned on and this is the real deal unlike some months back," Hayes said.
On Wall Street, the Dow Jones Industrial Average .DJI rose 1.6%, the S&P 500 .SPX gained 1.16%, and the Nasdaq Composite .IXIC added 0.8%.
Oil prices rose on the prospects of an end of pandemic restrictions that have hit demand. Prices were also buoyed by data showing a rebound in China and Japan, with figures showing Chinese refineries processed record daily levels of crude in October.
U.S. crude CLc1 settled up 3.02% at $41.34 per barrel and Brent LCOc1 was at $43.82, up 2.43% on the day.
U.S. Treasury yields rose on Monday and the yield curve steepened in the wake of the vaccine developments. Benchmark 10-year notes US10YT=RR last fell 5/32 in price to yield 0.9094%, from 0.893% late on Friday.
Global assetshttp://tmsnrt.rs/2jvdmXl
Global currencies vs. dollar http://tmsnrt.rs/2egbfVh
Emerging marketshttp://tmsnrt.rs/2ihRugV
MSCI All Country Wolrd Index Market Caphttp://tmsnrt.rs/2EmTD6j
(Reporting by Chibuike Oguh in New York; Editing by Sam Holmes)
((Chibuike.Oguh@thomsonreuters.com; +332-1834-219; Reuters Messaging: chibuike.oguh.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 United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%. By Chibuike Oguh NEW YORK, Nov 16 (Reuters) - Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery. "This is a continuation of what we saw last week as the vaccine being a catalyst for a rotation into cyclical sectors such as energy, financials, and defense with expectations for renewed demand and travel," said Thomas Hayes, managing member at Great Hill Capital in New York.
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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%. By Chibuike Oguh NEW YORK, Nov 16 (Reuters) - Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery. All three main Wall Street indexes advanced on Monday, with the Dow Jones Industrials Average setting a record as it neared the 30,000 mark for the first time in nine months.
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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%. By Chibuike Oguh NEW YORK, Nov 16 (Reuters) - Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery. All three main Wall Street indexes advanced on Monday, with the Dow Jones Industrials Average setting a record as it neared the 30,000 mark for the first time in nine months.
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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%. By Chibuike Oguh NEW YORK, Nov 16 (Reuters) - Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery. Its shares gained 9.6% on the day.
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5024.0
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2020-11-16 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Uber, Adamis Pharmaceuticals, Alterity Therapeutics, Virgin
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-uber-adamis-pharmaceuticals-alterity-therapeutics-virgin-2020
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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
The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. .N
At 12:04 ET, the Dow Jones Industrial Average .DJI was up 1.47% at 29,913.84. The S&P 500 .SPX was up 1.05% at 3,622.71 and the Nasdaq Composite .IXIC was up 0.59% at 11,898.579. The top three S&P 500 .PG.INX percentage gainers: ** Carnival Corp CCL.N, up 12.1 % ** Technipfmc Plc FTI.N, up 9.3 % ** Royal Caribbean Cruises Ltd RCL.N, up 9.1 % The top three S&P 500 .PL.INX percentage losers: ** Cabot Oil & Gas Corporation COG.N, down 4 % ** Pfizer Inc PFE.N, down 4 % ** FirstEnergy Corp FE.N, down 2.9 % The top three NYSE .PG.N percentage gainers: ** HighPoint Resources Corp HPR.N, up 38 % ** Foundation Building Materials Inc FBM.N, up 26.3 % ** JP Morgan U.S. Value Factor ETF JVAL.N, up 23.5 % The top three NYSE .PL.N percentage losers: ** Fiduciary/Claymore Energy Infrastructure Fund FMO.N, down 34.6 % ** Casper Sleep Inc CSPR.N, down 18 % ** Bank of Montreal Microsectors U.S. Big Oil Index 3x Inverse Leveraged Etn NRGD.N, down 15.6 % The top three Nasdaq .PG.O percentage gainers: ** Alterity Therapeutics Limited ATHE.O, up 130.4 % ** CBAK Energy Technology Inc CBAT.O, up 49.4 % ** Pioneer Power Solutions Inc PPSI.O, up 34.9 % The top three Nasdaq .PL.O percentage losers: ** RAPT Therapeutics Inc RAPT.O, down 46.7 % ** Francesca's Holdings Corporation FRAN.O, down 32.9 % ** BioNTech SE , down 17.5 % ** F5 Networks Inc FFIV.O: up 2.2%
BUZZ-F5 Networks: Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 4.0%
BUZZ-Chembio: Rises after Brazil regulatory approves COVID-19 antigen test
** Apple Inc AAPL.O: up 1.4%
BUZZ-Apple Inc: Evercore sees return to growth in China
** Obseva SA OBSV.O: up 2.9%
BUZZ- ObsEva SA: Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.9%
BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 38.8%
BUZZ-Adamis Pharma: Sinks on second FDA rejection for opioid overdose treatment ** Mastercard Inc MA.N: up 0.4%
** Visa Inc V.N: up 1.9%
** American Express Co AXP.N: up 3.5%
BUZZ-U.S. card firms jump on Moderna COVID-19 vaccine cheer ** Palo Alto Networks Inc PANW.N: up 5.3%
BUZZ-Palo Alto Networks: Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 5.9% ** Delta Airlines Inc DAL.N: up 4.7% ** United Airlines Holdings Inc UAL.O: up 6.4% ** Marriott International Inc MAR.O: up 3.2% ** Hyatt Hotels Corporation H.N: up 2.0% ** Carnival Corp CCL.N: up 12.1% ** Royal Caribbean Cruises Ltd RCL.N: up 9.1% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 8.0% ** Booking Holdings Inc BKNG.O: up 3.0%
BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 8.8%
BUZZ-Inovio: Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 29.1%
BUZZ-Maiden Holdings: Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.8%
BUZZ-Bentley Systems: RBC bullish on long-term performance, upgrades to outperform
** Goldman Sachs Group Inc GS.N: up 1.0% ** JPMorgan Chase & Co JPM.N: up 2.4% ** Morgan Stanley MS.N: up 2.3% ** Bank of America Corporation BAC.N: up 1.9% ** Wells Fargo & CompanyWFC.N: up 3.0% ** Citigroup Inc C.N: up 4.0%
BUZZ-U.S. big banks rise on positive vaccine data ** Moderna Inc MRNA.O: up 8.0%
BUZZ-Moderna: Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** American International Group Inc AIG.N: up 2.6% ** Metlife Inc MET.N: up 2.9% ** Prudential Financial Inc PRU.N: up 2.4%
BUZZ-U.S. big insurers up on rising vaccine hope ** AMC Entertainment Holdings Inc AMC.N: up 5.1% ** Cinemark Holdings Inc CNK.N: up 4.4%
BUZZ-Cinema operators rise following Moderna's coronavirus vaccine data ** BeyondSpring Inc BYSI.O: down 7.0%
BUZZ-BeyondSpring: Up as therapy for cancer patients meets main study goal ** Activision Blizzard Inc ATVI.O: down 2.0% ** Take-Two Interactive Software Inc TTWO.O: down 0.7% ** Electronic Art Inc EA.O: down 1.9%
BUZZ-Video game cos down after positive COVID-19 vaccine data ** HD Supply Holdings Inc HDS.O: up 24.2%
BUZZ-HD Supply hits record high on Home Depot's $8 bln buyout bid ** Virgin Galactic Holdings Inc SPCE.N: down 9.7%
BUZZ-Virgin Galactic: Delays test flight due to New Mexico lockdown ** Alterity Therapeutics Ltd ATHE.O: up 130.4%
BUZZ-Alterity Therapeutics Ltd: Surges on patent win for neurodegenerative disease treatments ** FLIR Systems Inc FLIR.O: up 1.9%
BUZZ-FLIR Systems: Rises on securing $32 mln in orders from U.S. Army ** McKesson Corporation MCK.N: up 1.3%
BUZZ-McKesson Corp: Up after positive early data from Moderna's COVID-19 vaccine study ** Tonix Pharmaceuticals Holding Corp TNXP.O: up 1.7%
BUZZ-Tonix Pharma: Up as COVID-19 vaccine candidate elicits immune response in animal studies ** Uber Technologies Inc UBER.N: up 3.6%
BUZZ-Uber, Lyft rise on optimism around Moderna's vaccine data
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.67%
Consumer Discretionary
.SPLRCD
up 0.79%
Consumer Staples
.SPLRCS
up 0.50%
Energy
.SPNY
up 5.32%
Financial
.SPSY
up 1.99%
Health
.SPXHC
down 0.11%
Industrial
.SPLRCI
up 2.53%
Information Technology
.SPLRCT
up 1.07%
Materials
.SPLRCM
up 1.95%
Real Estate
.SPLRCR
up 0.49%
Utilities
.SPLRCU
up 0.43%
(Compiled by Chavi Mehta)
The views and 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: ** Carnival Corp CCL.N, up 12.1 % ** Technipfmc Plc FTI.N, up 9.3 % ** Royal Caribbean Cruises Ltd RCL.N, up 9.1 % The top three S&P 500 .PL.INX percentage losers: ** Cabot Oil & Gas Corporation COG.N, down 4 % ** Pfizer Inc PFE.N, down 4 % ** FirstEnergy Corp FE.N, down 2.9 % The top three NYSE .PG.N percentage gainers: ** HighPoint Resources Corp HPR.N, up 38 % ** Foundation Building Materials Inc FBM.N, up 26.3 % ** JP Morgan U.S. Value Factor ETF JVAL.N, up 23.5 % The top three NYSE .PL.N percentage losers: ** Fiduciary/Claymore Energy Infrastructure Fund FMO.N, down 34.6 % ** Casper Sleep Inc CSPR.N, down 18 % ** Bank of Montreal Microsectors U.S. Big Oil Index 3x Inverse Leveraged Etn NRGD.N, down 15.6 % The top three Nasdaq .PG.O percentage gainers: ** Alterity Therapeutics Limited ATHE.O, up 130.4 % ** CBAK Energy Technology Inc CBAT.O, up 49.4 % ** Pioneer Power Solutions Inc PPSI.O, up 34.9 % The top three Nasdaq .PL.O percentage losers: ** RAPT Therapeutics Inc RAPT.O, down 46.7 % ** Francesca's Holdings Corporation FRAN.O, down 32.9 % ** BioNTech SE , down 17.5 % ** F5 Networks Inc FFIV.O: up 2.2% BUZZ-F5 Networks: Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 4.0% BUZZ-Chembio: Rises after Brazil regulatory approves COVID-19 antigen test ** Apple Inc AAPL.O: up 1.4% BUZZ-Apple Inc: Evercore sees return to growth in China ** Obseva SA OBSV.O: up 2.9% BUZZ- ObsEva SA: Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.9% BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 38.8% BUZZ-Adamis Pharma: Sinks on second FDA rejection for opioid overdose treatment ** Mastercard Inc MA.N: up 0.4% ** Visa Inc V.N: up 1.9% ** American Express Co AXP.N: up 3.5% BUZZ-U.S. card firms jump on Moderna COVID-19 vaccine cheer ** Palo Alto Networks Inc PANW.N: up 5.3% BUZZ-Palo Alto Networks: Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 5.9% ** Delta Airlines Inc DAL.N: up 4.7% ** United Airlines Holdings Inc UAL.O: up 6.4% ** Marriott International Inc MAR.O: up 3.2% ** Hyatt Hotels Corporation H.N: up 2.0% ** Carnival Corp CCL.N: up 12.1% ** Royal Caribbean Cruises Ltd RCL.N: up 9.1% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 8.0% ** Booking Holdings Inc BKNG.O: up 3.0% BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 8.8% BUZZ-Inovio: Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 29.1% BUZZ-Maiden Holdings: Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.8% BUZZ-Bentley Systems: RBC bullish on long-term performance, upgrades to outperform ** Goldman Sachs Group Inc GS.N: up 1.0% ** JPMorgan Chase & Co JPM.N: up 2.4% ** Morgan Stanley MS.N: up 2.3% ** Bank of America Corporation BAC.N: up 1.9% ** Wells Fargo & CompanyWFC.N: up 3.0% ** Citigroup Inc C.N: up 4.0% BUZZ-U.S. big banks rise on positive vaccine data ** Moderna Inc MRNA.O: up 8.0% BUZZ-Moderna: Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** American International Group Inc AIG.N: up 2.6% ** Metlife Inc MET.N: up 2.9% ** Prudential Financial Inc PRU.N: up 2.4% BUZZ-U.S. big insurers up on rising vaccine hope ** AMC Entertainment Holdings Inc AMC.N: up 5.1% ** Cinemark Holdings Inc CNK.N: up 4.4% BUZZ-Cinema operators rise following Moderna's coronavirus vaccine data ** BeyondSpring Inc BYSI.O: down 7.0% BUZZ-BeyondSpring: Up as therapy for cancer patients meets main study goal ** Activision Blizzard Inc ATVI.O: down 2.0% ** Take-Two Interactive Software Inc TTWO.O: down 0.7% ** Electronic Art Inc EA.O: down 1.9% BUZZ-Video game cos down after positive COVID-19 vaccine data ** HD Supply Holdings Inc HDS.O: up 24.2% BUZZ-HD Supply hits record high on Home Depot's $8 bln buyout bid ** Virgin Galactic Holdings Inc SPCE.N: down 9.7% BUZZ-Virgin Galactic: Delays test flight due to New Mexico lockdown ** Alterity Therapeutics Ltd ATHE.O: up 130.4% BUZZ-Alterity Therapeutics Ltd: Surges on patent win for neurodegenerative disease treatments ** FLIR Systems Inc FLIR.O: up 1.9% BUZZ-FLIR Systems: Rises on securing $32 mln in orders from U.S. Army ** McKesson Corporation MCK.N: up 1.3% BUZZ-McKesson Corp: Up after positive early data from Moderna's COVID-19 vaccine study ** Tonix Pharmaceuticals Holding Corp TNXP.O: up 1.7% BUZZ-Tonix Pharma: Up as COVID-19 vaccine candidate elicits immune response in animal studies ** Uber Technologies Inc UBER.N: up 3.6% BUZZ-Uber, Lyft rise on optimism around Moderna's vaccine data 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 The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. up 0.43% (Compiled by Chavi Mehta) The views and 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: ** Carnival Corp CCL.N, up 12.1 % ** Technipfmc Plc FTI.N, up 9.3 % ** Royal Caribbean Cruises Ltd RCL.N, up 9.1 % The top three S&P 500 .PL.INX percentage losers: ** Cabot Oil & Gas Corporation COG.N, down 4 % ** Pfizer Inc PFE.N, down 4 % ** FirstEnergy Corp FE.N, down 2.9 % The top three NYSE .PG.N percentage gainers: ** HighPoint Resources Corp HPR.N, up 38 % ** Foundation Building Materials Inc FBM.N, up 26.3 % ** JP Morgan U.S. Value Factor ETF JVAL.N, up 23.5 % The top three NYSE .PL.N percentage losers: ** Fiduciary/Claymore Energy Infrastructure Fund FMO.N, down 34.6 % ** Casper Sleep Inc CSPR.N, down 18 % ** Bank of Montreal Microsectors U.S. Big Oil Index 3x Inverse Leveraged Etn NRGD.N, down 15.6 % The top three Nasdaq .PG.O percentage gainers: ** Alterity Therapeutics Limited ATHE.O, up 130.4 % ** CBAK Energy Technology Inc CBAT.O, up 49.4 % ** Pioneer Power Solutions Inc PPSI.O, up 34.9 % The top three Nasdaq .PL.O percentage losers: ** RAPT Therapeutics Inc RAPT.O, down 46.7 % ** Francesca's Holdings Corporation FRAN.O, down 32.9 % ** BioNTech SE , down 17.5 % ** F5 Networks Inc FFIV.O: up 2.2% BUZZ-F5 Networks: Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 4.0% BUZZ-Chembio: Rises after Brazil regulatory approves COVID-19 antigen test ** Apple Inc AAPL.O: up 1.4% BUZZ-Apple Inc: Evercore sees return to growth in China ** Obseva SA OBSV.O: up 2.9% BUZZ- ObsEva SA: Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.9% BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 38.8% BUZZ-Adamis Pharma: Sinks on second FDA rejection for opioid overdose treatment ** Mastercard Inc MA.N: up 0.4% ** Visa Inc V.N: up 1.9% ** American Express Co AXP.N: up 3.5% BUZZ-U.S. card firms jump on Moderna COVID-19 vaccine cheer ** Palo Alto Networks Inc PANW.N: up 5.3% BUZZ-Palo Alto Networks: Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 5.9% ** Delta Airlines Inc DAL.N: up 4.7% ** United Airlines Holdings Inc UAL.O: up 6.4% ** Marriott International Inc MAR.O: up 3.2% ** Hyatt Hotels Corporation H.N: up 2.0% ** Carnival Corp CCL.N: up 12.1% ** Royal Caribbean Cruises Ltd RCL.N: up 9.1% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 8.0% ** Booking Holdings Inc BKNG.O: up 3.0% BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 8.8% BUZZ-Inovio: Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 29.1% BUZZ-Maiden Holdings: Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.8% BUZZ-Bentley Systems: RBC bullish on long-term performance, upgrades to outperform ** Goldman Sachs Group Inc GS.N: up 1.0% ** JPMorgan Chase & Co JPM.N: up 2.4% ** Morgan Stanley MS.N: up 2.3% ** Bank of America Corporation BAC.N: up 1.9% ** Wells Fargo & CompanyWFC.N: up 3.0% ** Citigroup Inc C.N: up 4.0% BUZZ-U.S. big banks rise on positive vaccine data ** Moderna Inc MRNA.O: up 8.0% BUZZ-Moderna: Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** American International Group Inc AIG.N: up 2.6% ** Metlife Inc MET.N: up 2.9% ** Prudential Financial Inc PRU.N: up 2.4% BUZZ-U.S. big insurers up on rising vaccine hope ** AMC Entertainment Holdings Inc AMC.N: up 5.1% ** Cinemark Holdings Inc CNK.N: up 4.4% BUZZ-Cinema operators rise following Moderna's coronavirus vaccine data ** BeyondSpring Inc BYSI.O: down 7.0% BUZZ-BeyondSpring: Up as therapy for cancer patients meets main study goal ** Activision Blizzard Inc ATVI.O: down 2.0% ** Take-Two Interactive Software Inc TTWO.O: down 0.7% ** Electronic Art Inc EA.O: down 1.9% BUZZ-Video game cos down after positive COVID-19 vaccine data ** HD Supply Holdings Inc HDS.O: up 24.2% BUZZ-HD Supply hits record high on Home Depot's $8 bln buyout bid ** Virgin Galactic Holdings Inc SPCE.N: down 9.7% BUZZ-Virgin Galactic: Delays test flight due to New Mexico lockdown ** Alterity Therapeutics Ltd ATHE.O: up 130.4% BUZZ-Alterity Therapeutics Ltd: Surges on patent win for neurodegenerative disease treatments ** FLIR Systems Inc FLIR.O: up 1.9% BUZZ-FLIR Systems: Rises on securing $32 mln in orders from U.S. Army ** McKesson Corporation MCK.N: up 1.3% BUZZ-McKesson Corp: Up after positive early data from Moderna's COVID-19 vaccine study ** Tonix Pharmaceuticals Holding Corp TNXP.O: up 1.7% BUZZ-Tonix Pharma: Up as COVID-19 vaccine candidate elicits immune response in animal studies ** Uber Technologies Inc UBER.N: up 3.6% BUZZ-Uber, Lyft rise on optimism around Moderna's vaccine data 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 The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. up 0.43% (Compiled by Chavi Mehta) The views and 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: ** Carnival Corp CCL.N, up 12.1 % ** Technipfmc Plc FTI.N, up 9.3 % ** Royal Caribbean Cruises Ltd RCL.N, up 9.1 % The top three S&P 500 .PL.INX percentage losers: ** Cabot Oil & Gas Corporation COG.N, down 4 % ** Pfizer Inc PFE.N, down 4 % ** FirstEnergy Corp FE.N, down 2.9 % The top three NYSE .PG.N percentage gainers: ** HighPoint Resources Corp HPR.N, up 38 % ** Foundation Building Materials Inc FBM.N, up 26.3 % ** JP Morgan U.S. Value Factor ETF JVAL.N, up 23.5 % The top three NYSE .PL.N percentage losers: ** Fiduciary/Claymore Energy Infrastructure Fund FMO.N, down 34.6 % ** Casper Sleep Inc CSPR.N, down 18 % ** Bank of Montreal Microsectors U.S. Big Oil Index 3x Inverse Leveraged Etn NRGD.N, down 15.6 % The top three Nasdaq .PG.O percentage gainers: ** Alterity Therapeutics Limited ATHE.O, up 130.4 % ** CBAK Energy Technology Inc CBAT.O, up 49.4 % ** Pioneer Power Solutions Inc PPSI.O, up 34.9 % The top three Nasdaq .PL.O percentage losers: ** RAPT Therapeutics Inc RAPT.O, down 46.7 % ** Francesca's Holdings Corporation FRAN.O, down 32.9 % ** BioNTech SE , down 17.5 % ** F5 Networks Inc FFIV.O: up 2.2% BUZZ-F5 Networks: Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 4.0% BUZZ-Chembio: Rises after Brazil regulatory approves COVID-19 antigen test ** Apple Inc AAPL.O: up 1.4% BUZZ-Apple Inc: Evercore sees return to growth in China ** Obseva SA OBSV.O: up 2.9% BUZZ- ObsEva SA: Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.9% BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 38.8% BUZZ-Adamis Pharma: Sinks on second FDA rejection for opioid overdose treatment ** Mastercard Inc MA.N: up 0.4% ** Visa Inc V.N: up 1.9% ** American Express Co AXP.N: up 3.5% BUZZ-U.S. card firms jump on Moderna COVID-19 vaccine cheer ** Palo Alto Networks Inc PANW.N: up 5.3% BUZZ-Palo Alto Networks: Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 5.9% ** Delta Airlines Inc DAL.N: up 4.7% ** United Airlines Holdings Inc UAL.O: up 6.4% ** Marriott International Inc MAR.O: up 3.2% ** Hyatt Hotels Corporation H.N: up 2.0% ** Carnival Corp CCL.N: up 12.1% ** Royal Caribbean Cruises Ltd RCL.N: up 9.1% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 8.0% ** Booking Holdings Inc BKNG.O: up 3.0% BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 8.8% BUZZ-Inovio: Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 29.1% BUZZ-Maiden Holdings: Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.8% BUZZ-Bentley Systems: RBC bullish on long-term performance, upgrades to outperform ** Goldman Sachs Group Inc GS.N: up 1.0% ** JPMorgan Chase & Co JPM.N: up 2.4% ** Morgan Stanley MS.N: up 2.3% ** Bank of America Corporation BAC.N: up 1.9% ** Wells Fargo & CompanyWFC.N: up 3.0% ** Citigroup Inc C.N: up 4.0% BUZZ-U.S. big banks rise on positive vaccine data ** Moderna Inc MRNA.O: up 8.0% BUZZ-Moderna: Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** American International Group Inc AIG.N: up 2.6% ** Metlife Inc MET.N: up 2.9% ** Prudential Financial Inc PRU.N: up 2.4% BUZZ-U.S. big insurers up on rising vaccine hope ** AMC Entertainment Holdings Inc AMC.N: up 5.1% ** Cinemark Holdings Inc CNK.N: up 4.4% BUZZ-Cinema operators rise following Moderna's coronavirus vaccine data ** BeyondSpring Inc BYSI.O: down 7.0% BUZZ-BeyondSpring: Up as therapy for cancer patients meets main study goal ** Activision Blizzard Inc ATVI.O: down 2.0% ** Take-Two Interactive Software Inc TTWO.O: down 0.7% ** Electronic Art Inc EA.O: down 1.9% BUZZ-Video game cos down after positive COVID-19 vaccine data ** HD Supply Holdings Inc HDS.O: up 24.2% BUZZ-HD Supply hits record high on Home Depot's $8 bln buyout bid ** Virgin Galactic Holdings Inc SPCE.N: down 9.7% BUZZ-Virgin Galactic: Delays test flight due to New Mexico lockdown ** Alterity Therapeutics Ltd ATHE.O: up 130.4% BUZZ-Alterity Therapeutics Ltd: Surges on patent win for neurodegenerative disease treatments ** FLIR Systems Inc FLIR.O: up 1.9% BUZZ-FLIR Systems: Rises on securing $32 mln in orders from U.S. Army ** McKesson Corporation MCK.N: up 1.3% BUZZ-McKesson Corp: Up after positive early data from Moderna's COVID-19 vaccine study ** Tonix Pharmaceuticals Holding Corp TNXP.O: up 1.7% BUZZ-Tonix Pharma: Up as COVID-19 vaccine candidate elicits immune response in animal studies ** Uber Technologies Inc UBER.N: up 3.6% BUZZ-Uber, Lyft rise on optimism around Moderna's vaccine data The 11 major S&P 500 sectors: Communication Services up 0.67% Consumer Discretionary up 0.79% Consumer Staples
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The top three S&P 500 .PG.INX percentage gainers: ** Carnival Corp CCL.N, up 12.1 % ** Technipfmc Plc FTI.N, up 9.3 % ** Royal Caribbean Cruises Ltd RCL.N, up 9.1 % The top three S&P 500 .PL.INX percentage losers: ** Cabot Oil & Gas Corporation COG.N, down 4 % ** Pfizer Inc PFE.N, down 4 % ** FirstEnergy Corp FE.N, down 2.9 % The top three NYSE .PG.N percentage gainers: ** HighPoint Resources Corp HPR.N, up 38 % ** Foundation Building Materials Inc FBM.N, up 26.3 % ** JP Morgan U.S. Value Factor ETF JVAL.N, up 23.5 % The top three NYSE .PL.N percentage losers: ** Fiduciary/Claymore Energy Infrastructure Fund FMO.N, down 34.6 % ** Casper Sleep Inc CSPR.N, down 18 % ** Bank of Montreal Microsectors U.S. Big Oil Index 3x Inverse Leveraged Etn NRGD.N, down 15.6 % The top three Nasdaq .PG.O percentage gainers: ** Alterity Therapeutics Limited ATHE.O, up 130.4 % ** CBAK Energy Technology Inc CBAT.O, up 49.4 % ** Pioneer Power Solutions Inc PPSI.O, up 34.9 % The top three Nasdaq .PL.O percentage losers: ** RAPT Therapeutics Inc RAPT.O, down 46.7 % ** Francesca's Holdings Corporation FRAN.O, down 32.9 % ** BioNTech SE , down 17.5 % ** F5 Networks Inc FFIV.O: up 2.2% BUZZ-F5 Networks: Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 4.0% BUZZ-Chembio: Rises after Brazil regulatory approves COVID-19 antigen test ** Apple Inc AAPL.O: up 1.4% BUZZ-Apple Inc: Evercore sees return to growth in China ** Obseva SA OBSV.O: up 2.9% BUZZ- ObsEva SA: Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.9% BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 38.8% BUZZ-Adamis Pharma: Sinks on second FDA rejection for opioid overdose treatment ** Mastercard Inc MA.N: up 0.4% ** Visa Inc V.N: up 1.9% ** American Express Co AXP.N: up 3.5% BUZZ-U.S. card firms jump on Moderna COVID-19 vaccine cheer ** Palo Alto Networks Inc PANW.N: up 5.3% BUZZ-Palo Alto Networks: Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 5.9% ** Delta Airlines Inc DAL.N: up 4.7% ** United Airlines Holdings Inc UAL.O: up 6.4% ** Marriott International Inc MAR.O: up 3.2% ** Hyatt Hotels Corporation H.N: up 2.0% ** Carnival Corp CCL.N: up 12.1% ** Royal Caribbean Cruises Ltd RCL.N: up 9.1% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 8.0% ** Booking Holdings Inc BKNG.O: up 3.0% BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 8.8% BUZZ-Inovio: Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 29.1% BUZZ-Maiden Holdings: Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.8% BUZZ-Bentley Systems: RBC bullish on long-term performance, upgrades to outperform ** Goldman Sachs Group Inc GS.N: up 1.0% ** JPMorgan Chase & Co JPM.N: up 2.4% ** Morgan Stanley MS.N: up 2.3% ** Bank of America Corporation BAC.N: up 1.9% ** Wells Fargo & CompanyWFC.N: up 3.0% ** Citigroup Inc C.N: up 4.0% BUZZ-U.S. big banks rise on positive vaccine data ** Moderna Inc MRNA.O: up 8.0% BUZZ-Moderna: Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** American International Group Inc AIG.N: up 2.6% ** Metlife Inc MET.N: up 2.9% ** Prudential Financial Inc PRU.N: up 2.4% BUZZ-U.S. big insurers up on rising vaccine hope ** AMC Entertainment Holdings Inc AMC.N: up 5.1% ** Cinemark Holdings Inc CNK.N: up 4.4% BUZZ-Cinema operators rise following Moderna's coronavirus vaccine data ** BeyondSpring Inc BYSI.O: down 7.0% BUZZ-BeyondSpring: Up as therapy for cancer patients meets main study goal ** Activision Blizzard Inc ATVI.O: down 2.0% ** Take-Two Interactive Software Inc TTWO.O: down 0.7% ** Electronic Art Inc EA.O: down 1.9% BUZZ-Video game cos down after positive COVID-19 vaccine data ** HD Supply Holdings Inc HDS.O: up 24.2% BUZZ-HD Supply hits record high on Home Depot's $8 bln buyout bid ** Virgin Galactic Holdings Inc SPCE.N: down 9.7% BUZZ-Virgin Galactic: Delays test flight due to New Mexico lockdown ** Alterity Therapeutics Ltd ATHE.O: up 130.4% BUZZ-Alterity Therapeutics Ltd: Surges on patent win for neurodegenerative disease treatments ** FLIR Systems Inc FLIR.O: up 1.9% BUZZ-FLIR Systems: Rises on securing $32 mln in orders from U.S. Army ** McKesson Corporation MCK.N: up 1.3% BUZZ-McKesson Corp: Up after positive early data from Moderna's COVID-19 vaccine study ** Tonix Pharmaceuticals Holding Corp TNXP.O: up 1.7% BUZZ-Tonix Pharma: Up as COVID-19 vaccine candidate elicits immune response in animal studies ** Uber Technologies Inc UBER.N: up 3.6% BUZZ-Uber, Lyft rise on optimism around Moderna's vaccine data 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 The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. .N At 12:04 ET, the Dow Jones Industrial Average .DJI was up 1.47% at 29,913.84.
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2020-11-16 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Moderna, Visa, American Airlines, Palo Alto Networks
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-moderna-visa-american-airlines-palo-alto-networks-2020-11-16
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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
Futures tracking the S&P 500 and the Dow rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession..N
At 8:34 a.m. ET, Dow e-minis 1YMc1 were up 1.66% at 29,899. S&P 500 e-minis ESc1 were up 1.00% at 3,617.75, while Nasdaq 100 e-minis NQc1 were down 0.25% at 11,903.5. The top three NYSE percentage gainers premarket .PRPG.NQ: ** HighPoint Resources Corp HPR, up 84.8% ** Foundation Building Materials Inc FBM, up 26.3% ** Banco Bilbao Vizcaya Argentaria S.A BBVA.K, up 18.7% The top three NYSE percentage losers premarket .PRPL.NQ: ** Fiduciary/Claymore Energy Infrastructure Fund FMO, down 11.6% ** Casper Sleep Inc CSPR.K, down 11.6% ** Virgin Galactic Holdings Inc SPCE.K, down 7.7% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Ameri Holdings Inc AMRHW.O, up 337.5% ** U.S. Well Services Inc USWSW.O, up 173.1% ** American Virtual Cloud Technologies Inc AVCTW.O, up 114.5% The top three Nasdaq percentage losers premarket .PRPL.O: ** Gulfport Energy Corp GPOR.O, down 45.7% ** Adamis Pharmaceuticals Corp ADMP.O, down 42.6% ** Pyxis Tankers Inc PXS.O, down 25.7% ** F5 Networks Inc FFIV.O: up 2.2% premarket BUZZ-Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 3.2% premarket BUZZ-Rises after Brazil regulatory approves COVID-19 antigen test ** Obseva SA OBSV.O: up 9.7% premarket BUZZ-Up on positive data from preterm labor treatment study
** CSX Corp CSX.O: up 1.1% premarket BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 42.6% premarket BUZZ-Sinks on second FDA rejection for opioid overdose treatment
** Moderna Inc MRNA.O: up 13.5% premarket BUZZ-Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19
** Mastercard Inc MA.N: up 2.5% premarket
** Visa Inc V.N: up 2.4% premarket
** American Express Co AXP.N: up 3.5% premarket BUZZ-U.S. card firms jump on Moderna COVID-19 vaccine cheer ** Palo Alto Networks Inc PANW.N: up 4.9% premarket BUZZ-Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 5.9% premarket ** Delta Airlines Inc DAL.N: up 6.2% premarket
** United Airlines Holdings Inc UAL.O: up 9.8% premarket
** Marriott International Inc MAR.O: up 5.0% premarket ** Hyatt Hotels Corporation H.N: up 5.1% premarket ** Carnival Corp CCL.N: up 9.4% premarket ** Royal Caribbean Cruises Ltd RCL.N: up 8.5% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 10.3% premarket ** Booking Holdings Inc BKNG.O: up 3.2% premarket BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective
** Inovio Pharmaceuticals Inc INO.O: up 14.2% premarket BUZZ-Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 22.3% premarket BUZZ-Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.0% premarket BUZZ-U.S. big banks rise on positive vaccine data
(Compiled by Chavi Mehta)
The views and 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: ** HighPoint Resources Corp HPR, up 84.8% ** Foundation Building Materials Inc FBM, up 26.3% ** Banco Bilbao Vizcaya Argentaria S.A BBVA.K, up 18.7% The top three NYSE percentage losers premarket .PRPL.NQ: ** Fiduciary/Claymore Energy Infrastructure Fund FMO, down 11.6% ** Casper Sleep Inc CSPR.K, down 11.6% ** Virgin Galactic Holdings Inc SPCE.K, down 7.7% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Ameri Holdings Inc AMRHW.O, up 337.5% ** U.S. Well Services Inc USWSW.O, up 173.1% ** American Virtual Cloud Technologies Inc AVCTW.O, up 114.5% The top three Nasdaq percentage losers premarket .PRPL.O: ** Gulfport Energy Corp GPOR.O, down 45.7% ** Adamis Pharmaceuticals Corp ADMP.O, down 42.6% ** Pyxis Tankers Inc PXS.O, down 25.7% ** F5 Networks Inc FFIV.O: up 2.2% premarket BUZZ-Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 3.2% premarket BUZZ-Rises after Brazil regulatory approves COVID-19 antigen test ** Obseva SA OBSV.O: up 9.7% premarket BUZZ-Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.1% premarket BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 42.6% premarket BUZZ-Sinks on second FDA rejection for opioid overdose treatment ** Moderna Inc MRNA.O: up 13.5% premarket BUZZ-Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** Mastercard Inc MA.N: up 2.5% premarket ** Visa Inc V.N: up 2.4% premarket ** American Express Co AXP.N: up 3.5% premarket BUZZ-U.S. card firms jump on Moderna COVID-19 vaccine cheer ** Palo Alto Networks Inc PANW.N: up 4.9% premarket BUZZ-Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 5.9% premarket ** Delta Airlines Inc DAL.N: up 6.2% premarket ** United Airlines Holdings Inc UAL.O: up 9.8% premarket ** Marriott International Inc MAR.O: up 5.0% premarket ** Hyatt Hotels Corporation H.N: up 5.1% premarket ** Carnival Corp CCL.N: up 9.4% premarket ** Royal Caribbean Cruises Ltd RCL.N: up 8.5% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 10.3% premarket ** Booking Holdings Inc BKNG.O: up 3.2% premarket BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 14.2% premarket BUZZ-Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 22.3% premarket BUZZ-Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.0% premarket BUZZ-U.S. big banks rise on positive vaccine data (Compiled by Chavi Mehta) 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 Futures tracking the S&P 500 and the Dow rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession..N At 8:34 a.m. ET, Dow e-minis 1YMc1 were up 1.66% at 29,899.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** HighPoint Resources Corp HPR, up 84.8% ** Foundation Building Materials Inc FBM, up 26.3% ** Banco Bilbao Vizcaya Argentaria S.A BBVA.K, up 18.7% The top three NYSE percentage losers premarket .PRPL.NQ: ** Fiduciary/Claymore Energy Infrastructure Fund FMO, down 11.6% ** Casper Sleep Inc CSPR.K, down 11.6% ** Virgin Galactic Holdings Inc SPCE.K, down 7.7% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Ameri Holdings Inc AMRHW.O, up 337.5% ** U.S. Well Services Inc USWSW.O, up 173.1% ** American Virtual Cloud Technologies Inc AVCTW.O, up 114.5% The top three Nasdaq percentage losers premarket .PRPL.O: ** Gulfport Energy Corp GPOR.O, down 45.7% ** Adamis Pharmaceuticals Corp ADMP.O, down 42.6% ** Pyxis Tankers Inc PXS.O, down 25.7% ** F5 Networks Inc FFIV.O: up 2.2% premarket BUZZ-Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 3.2% premarket BUZZ-Rises after Brazil regulatory approves COVID-19 antigen test ** Obseva SA OBSV.O: up 9.7% premarket BUZZ-Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.1% premarket BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 42.6% premarket BUZZ-Sinks on second FDA rejection for opioid overdose treatment ** Moderna Inc MRNA.O: up 13.5% premarket BUZZ-Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** Mastercard Inc MA.N: up 2.5% premarket ** Visa Inc V.N: up 2.4% premarket ** American Express Co AXP.N: up 3.5% premarket BUZZ-U.S. card firms jump on Moderna COVID-19 vaccine cheer ** Palo Alto Networks Inc PANW.N: up 4.9% premarket BUZZ-Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 5.9% premarket ** Delta Airlines Inc DAL.N: up 6.2% premarket ** United Airlines Holdings Inc UAL.O: up 9.8% premarket ** Marriott International Inc MAR.O: up 5.0% premarket ** Hyatt Hotels Corporation H.N: up 5.1% premarket ** Carnival Corp CCL.N: up 9.4% premarket ** Royal Caribbean Cruises Ltd RCL.N: up 8.5% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 10.3% premarket ** Booking Holdings Inc BKNG.O: up 3.2% premarket BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 14.2% premarket BUZZ-Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 22.3% premarket BUZZ-Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.0% premarket BUZZ-U.S. big banks rise on positive vaccine data (Compiled by Chavi Mehta) 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 Futures tracking the S&P 500 and the Dow rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession..N At 8:34 a.m. ET, Dow e-minis 1YMc1 were up 1.66% at 29,899.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** HighPoint Resources Corp HPR, up 84.8% ** Foundation Building Materials Inc FBM, up 26.3% ** Banco Bilbao Vizcaya Argentaria S.A BBVA.K, up 18.7% The top three NYSE percentage losers premarket .PRPL.NQ: ** Fiduciary/Claymore Energy Infrastructure Fund FMO, down 11.6% ** Casper Sleep Inc CSPR.K, down 11.6% ** Virgin Galactic Holdings Inc SPCE.K, down 7.7% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Ameri Holdings Inc AMRHW.O, up 337.5% ** U.S. Well Services Inc USWSW.O, up 173.1% ** American Virtual Cloud Technologies Inc AVCTW.O, up 114.5% The top three Nasdaq percentage losers premarket .PRPL.O: ** Gulfport Energy Corp GPOR.O, down 45.7% ** Adamis Pharmaceuticals Corp ADMP.O, down 42.6% ** Pyxis Tankers Inc PXS.O, down 25.7% ** F5 Networks Inc FFIV.O: up 2.2% premarket BUZZ-Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 3.2% premarket BUZZ-Rises after Brazil regulatory approves COVID-19 antigen test ** Obseva SA OBSV.O: up 9.7% premarket BUZZ-Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.1% premarket BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 42.6% premarket BUZZ-Sinks on second FDA rejection for opioid overdose treatment ** Moderna Inc MRNA.O: up 13.5% premarket BUZZ-Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** Mastercard Inc MA.N: up 2.5% premarket ** Visa Inc V.N: up 2.4% premarket ** American Express Co AXP.N: up 3.5% premarket BUZZ-U.S. card firms jump on Moderna COVID-19 vaccine cheer ** Palo Alto Networks Inc PANW.N: up 4.9% premarket BUZZ-Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 5.9% premarket ** Delta Airlines Inc DAL.N: up 6.2% premarket ** United Airlines Holdings Inc UAL.O: up 9.8% premarket ** Marriott International Inc MAR.O: up 5.0% premarket ** Hyatt Hotels Corporation H.N: up 5.1% premarket ** Carnival Corp CCL.N: up 9.4% premarket ** Royal Caribbean Cruises Ltd RCL.N: up 8.5% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 10.3% premarket ** Booking Holdings Inc BKNG.O: up 3.2% premarket BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 14.2% premarket BUZZ-Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 22.3% premarket BUZZ-Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.0% premarket BUZZ-U.S. big banks rise on positive vaccine data (Compiled by Chavi Mehta) 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 Futures tracking the S&P 500 and the Dow rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession..N At 8:34 a.m. S&P 500 e-minis ESc1 were up 1.00% at 3,617.75, while Nasdaq 100 e-minis NQc1 were down 0.25% at 11,903.5.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** HighPoint Resources Corp HPR, up 84.8% ** Foundation Building Materials Inc FBM, up 26.3% ** Banco Bilbao Vizcaya Argentaria S.A BBVA.K, up 18.7% The top three NYSE percentage losers premarket .PRPL.NQ: ** Fiduciary/Claymore Energy Infrastructure Fund FMO, down 11.6% ** Casper Sleep Inc CSPR.K, down 11.6% ** Virgin Galactic Holdings Inc SPCE.K, down 7.7% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Ameri Holdings Inc AMRHW.O, up 337.5% ** U.S. Well Services Inc USWSW.O, up 173.1% ** American Virtual Cloud Technologies Inc AVCTW.O, up 114.5% The top three Nasdaq percentage losers premarket .PRPL.O: ** Gulfport Energy Corp GPOR.O, down 45.7% ** Adamis Pharmaceuticals Corp ADMP.O, down 42.6% ** Pyxis Tankers Inc PXS.O, down 25.7% ** F5 Networks Inc FFIV.O: up 2.2% premarket BUZZ-Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 3.2% premarket BUZZ-Rises after Brazil regulatory approves COVID-19 antigen test ** Obseva SA OBSV.O: up 9.7% premarket BUZZ-Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.1% premarket BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 42.6% premarket BUZZ-Sinks on second FDA rejection for opioid overdose treatment ** Moderna Inc MRNA.O: up 13.5% premarket BUZZ-Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** Mastercard Inc MA.N: up 2.5% premarket ** Visa Inc V.N: up 2.4% premarket ** American Express Co AXP.N: up 3.5% premarket BUZZ-U.S. card firms jump on Moderna COVID-19 vaccine cheer ** Palo Alto Networks Inc PANW.N: up 4.9% premarket BUZZ-Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 5.9% premarket ** Delta Airlines Inc DAL.N: up 6.2% premarket ** United Airlines Holdings Inc UAL.O: up 9.8% premarket ** Marriott International Inc MAR.O: up 5.0% premarket ** Hyatt Hotels Corporation H.N: up 5.1% premarket ** Carnival Corp CCL.N: up 9.4% premarket ** Royal Caribbean Cruises Ltd RCL.N: up 8.5% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 10.3% premarket ** Booking Holdings Inc BKNG.O: up 3.2% premarket BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 14.2% premarket BUZZ-Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 22.3% premarket BUZZ-Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.0% premarket BUZZ-U.S. big banks rise on positive vaccine data (Compiled by Chavi Mehta) 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 Futures tracking the S&P 500 and the Dow rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession..N At 8:34 a.m. ET, Dow e-minis 1YMc1 were up 1.66% at 29,899.
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5026.0
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2020-11-16 00:00:00 UTC
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US STOCKS-S&P 500, Dow close at all-time highs on reignited vaccine hopes
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-500-dow-close-at-all-time-highs-on-reignited-vaccine-hopes-2020-11-16
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nan
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nan
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By Stephen Culp
NEW YORK, Nov 16 (Reuters) - The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating COVID-19, while spiking infections and new shutdowns threatened to hobble a recovery from the pandemic recession.
All three major U.S. stock indexes advanced and with its new closing record, the blue-chip Dow is the last of the three to reclaim levels reached in February, before lockdowns sent the markets into free-fall.
The Russell 2000 .RUT also hit an all-time closing high.
Value, cyclical and small cap shares outperformed the broader market.
Moderna Inc MRNA.O said its experimental COVID-19 vaccine was 94.5% effective in preventing infection based on interim late-state data. It was the second drugmaker in as my weeks, after Pfizer Inc PFE.N, to announce promising trial data in the development of a vaccine to defeat the pandemic. Its shares gained 9.6% on the day.
Combined, pending further data and regulatory review, the United States could have as many as 60 million emergency doses available this year.
"More vaccine news is driving cyclicals, small caps and value, which would be primed if the economy reopens sooner than expected, returning us to some sense of normalcy," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.
Travel-related stocks, which have been clobbered by restrictions to contain the pandemic's spread, were in demand.
Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%.
But COVID-19 continued its U.S. rampage, with cases surging past 11 million and record infections in 40 states, prompting states to tighten social distancing mandates.
"Wall Street is looking out six to 12 months down the road," Pavlik added. "There is a question about ... what kind of damage will be inflicted on the economy between now and then."
The Dow Jones Industrial Average .DJIrose 470.63 points, or 1.6%, to 29,950.44; the S&P 500 .SPXgained 41.76 points, or 1.16%, at 3,626.91; and the Nasdaq Composite .IXICadded 94.84 points, or 0.8%, at 11,924.13.
Of the 11 major sectors of the S&P 500, all but healthcare .SPXHC ended the session in the black, with energy stocks .SPNY enjoying the largest percentage gain.
Earnings from high-profile retailers are expected this week, with Walmart Inc WMT.N and Home Depot Inc HD.N expected to report on Tuesday and Lowe's Companies Inc LOW.N and Target Corp TGT.N on Wednesday.
This, together with the Commerce Department's October retail sales data, expected on Tuesday, should provide evidence of how consumers are weathering a languid economic recovery as stimulus runs dry.
Simon Property Group Inc SPG.N jumped 5.7% after the biggest U.S. mall operator cut its purchase price for an 80% stake of rival Taubman Centers Inc TCO.N, as the pandemic pressures the retailers.
Advancing issues outnumbered declining ones on the NYSE by a 4.66-to-1 ratio. On Nasdaq, a 2.55-to-1 ratio favored advancers.
The S&P 500 posted 40 new 52-week highs and no new lows. The Nasdaq Composite recorded 162 new highs and 15 new lows.
Volume on U.S. exchanges was 10.90 billion shares, compared with the 10.21 billion average for the full session over the last 20 trading days.
(Reporting by Stephen Culp; Editing by Richard Chang)
((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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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%. By Stephen Culp NEW YORK, Nov 16 (Reuters) - The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating COVID-19, while spiking infections and new shutdowns threatened to hobble a recovery from the pandemic recession. "More vaccine news is driving cyclicals, small caps and value, which would be primed if the economy reopens sooner than expected, returning us to some sense of normalcy," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.
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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%. By Stephen Culp NEW YORK, Nov 16 (Reuters) - The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating COVID-19, while spiking infections and new shutdowns threatened to hobble a recovery from the pandemic recession. The Dow Jones Industrial Average .DJIrose 470.63 points, or 1.6%, to 29,950.44; the S&P 500 .SPXgained 41.76 points, or 1.16%, at 3,626.91; and the Nasdaq Composite .IXICadded 94.84 points, or 0.8%, at 11,924.13.
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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%. By Stephen Culp NEW YORK, Nov 16 (Reuters) - The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating COVID-19, while spiking infections and new shutdowns threatened to hobble a recovery from the pandemic recession. All three major U.S. stock indexes advanced and with its new closing record, the blue-chip Dow is the last of the three to reclaim levels reached in February, before lockdowns sent the markets into free-fall.
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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%. By Stephen Culp NEW YORK, Nov 16 (Reuters) - The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating COVID-19, while spiking infections and new shutdowns threatened to hobble a recovery from the pandemic recession. Its shares gained 9.6% on the day.
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5027.0
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2020-11-16 00:00:00 UTC
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Grab Southwest Airlines Stock As It Begins to Soar Again
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AAL
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https://www.nasdaq.com/articles/grab-southwest-airlines-stock-as-it-begins-to-soar-again-2020-11-16
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
I will start with the conclusion, then work backwards into it. Investors can own Southwest (NYSE:LUV) stock for the long haul recovery. Shorter term, I would prefer to buy it on the dip towards $40. Last week’s Pfizer (NYSE:PFE) headline spike placed resistance above, so it will be a slog for a few weeks. Case in point, today’s morning rally off Moderna’s (NASDAQ:MRNA) news is much smaller and still 5% points short.
LUV) jet flying above the clouds" width="300" height="169">
Source: Carlos E. Santa Maria / Shutterstock.com
This virus vaccine news directly impacts airline stocks. Southwest has so far withstood the pandemic crisis well. It’s natural that LUV stock spiked 13% on the 9th and again today. The bad news is that it gave most of it up a week ago so it’s a risk again here. Regardless of short-term stock action, this suggests that the worst is over for the cohort, especially Southwest Airlines.
To set the stage for today’s note I assure you that I am not a perma-bull on the sector. In fact, I’ve written on several occasions raising caution. It’s mostly when investors love them (pun intended) too much. In the end, a healthy stock chart should look reasonable. A 13% spike in minutes on no intrinsic news should fade. But from extremes we can then formulate the course of action.
If I had to pick an airline stock to own, LUV stock is it. It built its company on a no-frills mantra, so it was easy for it to hunker down during the novel coronavirus pandemic. Yes, it is still ongoing because according to the TSA daily screenings air traffic is still down 60% to last year.
Source: Data from TSA Website
It will take a long while to build the travel industry back up, but all the signs are encouraging. The trend is improving, but Thanksgiving will be a true test. My family will be among the traveling statistics as we plan on visiting family in Texas. Meanwhile, Southwest management is doing a great job streamlining their resources. The first thing they did was shore up their cash position to survive the shut down. The downside is having more debt but better this than dying lean. All they need is a stream of income so that they can service this debt and stave the cash bleed. The expert reports that it’s getting better and only time will tell.
7 Top Airline Stocks To Sell That Just Can’t Get Airborne
on May 29, I suggested getting long it and that trade yielded 30% of immediate upside. The opportunity came when Wall Street sold it on American Airlines’ (NYSE:AAL) earnings report. Then in late August I suggested caution and to trade the range. I noted the possibility of a dip to $32 per share, but to chase the breakout. The stock closed still 15% above my breakout lines on Friday so the bulls are definitely still in charge.
Trade LUV Stock With Confidence
Source: Charts by TradingView
Now what? If the investors intend to hold LUV stock for a complete recovery to normal, then they should own it. I expect this will take about a year assuming no virus setbacks. Fundamentally, it is amazing to see it trade this well. Its revenues are 35% of what they were last year. Yet it is still able to operate this well. I’ve flown a few times during this pandemic and I can attest to the industry’s achievement. There were no signs of panic anywhere, just calm and orderly systems in place. Even when they canceled a few of our flights this summer, they had replacement options ready. Efficiency has always been a challenge to the industry … maybe they finally get it now. As they say that life gives us the test and then the lesson.
Until their operations and financials normalize, there are great trading opportunities around the headlines and their aftermaths. Active traders can buy it above $50 to chase the breakout. Conversely, dips into last week’s base or lower are definitely buying opportunities. If for any reason it falls to $36, it would make for a great buying opportunity for investors and traders alike.
LUV stock may have an added benefit from whenever the shackles finally come off Boeing (NYSE:BA) as it releases the 737. Their entire fleet depends on that line of planes. Investors may give it extra “LUV” on that headline.
On the date of publication, Nicolas Chahine did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Nicolas Chahine is the managing director of SellSpreads.com.
The post Grab Southwest Airlines Stock As It Begins to Soar Again 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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The opportunity came when Wall Street sold it on American Airlines’ (NYSE:AAL) earnings report. LUV) jet flying above the clouds" width="300" height="169"> Source: Carlos E. Santa Maria / Shutterstock.com This virus vaccine news directly impacts airline stocks. Source: Data from TSA Website It will take a long while to build the travel industry back up, but all the signs are encouraging.
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The opportunity came when Wall Street sold it on American Airlines’ (NYSE:AAL) earnings report. InvestorPlace - Stock Market News, Stock Advice & Trading Tips I will start with the conclusion, then work backwards into it. Investors can own Southwest (NYSE:LUV) stock for the long haul recovery.
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The opportunity came when Wall Street sold it on American Airlines’ (NYSE:AAL) earnings report. InvestorPlace - Stock Market News, Stock Advice & Trading Tips I will start with the conclusion, then work backwards into it. Investors can own Southwest (NYSE:LUV) stock for the long haul recovery.
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The opportunity came when Wall Street sold it on American Airlines’ (NYSE:AAL) earnings report. Investors can own Southwest (NYSE:LUV) stock for the long haul recovery. It’s natural that LUV stock spiked 13% on the 9th and again today.
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5028.0
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2020-11-16 00:00:00 UTC
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US STOCKS-Dow hits record high as Moderna data bolsters vaccine bets
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AAL
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https://www.nasdaq.com/articles/us-stocks-dow-hits-record-high-as-moderna-data-bolsters-vaccine-bets-2020-11-16
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nan
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nan
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By Medha Singh and Shivani Kumaresan
Nov 16 (Reuters) - The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession.
Moderna Inc MRNA.O soared 7.7% as it said its experimental vaccine was 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial.
The Nasdaq's .IXIC rise was limited as investors sold some of this year's "stay-at-home" winners such as Amazon.com Inc AMZN.O, Netflix Inc NFLX.O and Zoom Video Communications Inc ZM.O.
The S&P 500 and the Dow headed for record closing highs, building on gains from last week after a similar vaccine-related update from Pfizer Inc PFE.N brightened the economic outlook and sparked a rotation into cyclical and value shares.
"It's not the end of the virus issue, but it's the first sign of the beginning of the end which is always taken as a positive sign," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
"We won't get a true impact from this until the vaccine is manufactured and distributed widely, which probably won't happen until Q1 next year."
Travel-related stocks including United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N, which have lost more than half their market capitalization this year due to the pandemic, jumped between 5.0% and 11.4%.
Bets of a working COVID-19 vaccine fueled gains on Wall Street last week, helping investors look past surging coronavirus cases across the United States which topped the 11 million mark, just over a week after hitting 10 million.
At 11:35 a.m. ET the Dow Jones Industrial Average .DJI rose 443.68 points, or 1.51%, to 29,923.49, the S&P 500 .SPX gained 38.61 points, or 1.08%, to 3,623.76 and the Nasdaq Composite .IXIC gained 75.21 points, or 0.64%, to 11,904.49.
The Russell 2000 index .RUT rose as much as 2.2% to a daily intraday peak. The S&P energy sector .SPNY jumped 5.4%, while financial stocks .SPSY were at their highest in eight months.
Value shares .RLV, that comprise banks and energy stocks and tend to outperform coming out of a recession, added about 1.6%, while growth shares .RLG, which are technology weighted, were 0.5% higher.
"When people look for places other than the traditional leading sectors for bargains such as healthcare, financials, it speaks of an improved confidence overall," Frederick said.
Among other movers, Simon Property Group Inc SPG.N jumped 6% after the biggest U.S. mall operator cut its purchase price for an 80% stake of rival Taubman Centers Inc TCO.N, as the virus outbreak upends the retail industry.
Advancing issues outnumbered decliners by 4.6-to-1 on the NYSE; on the Nasdaq, a 2.7-to-1 ratio favored advancers.
The S&P 500 posted 35 new 52-week highs and no new low, while the Nasdaq Composite recorded 202 new highs and 11 new lows.
(Reporting by Medha Singh and Shivani Kumaresan in Bengaluru; Editing by Sagarika Jaisinghani and Shounak Dasgupta)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs))
The views and 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-related stocks including United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N, which have lost more than half their market capitalization this year due to the pandemic, jumped between 5.0% and 11.4%. By Medha Singh and Shivani Kumaresan Nov 16 (Reuters) - The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. The S&P 500 and the Dow headed for record closing highs, building on gains from last week after a similar vaccine-related update from Pfizer Inc PFE.N brightened the economic outlook and sparked a rotation into cyclical and value shares.
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Travel-related stocks including United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N, which have lost more than half their market capitalization this year due to the pandemic, jumped between 5.0% and 11.4%. By Medha Singh and Shivani Kumaresan Nov 16 (Reuters) - The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. The S&P energy sector .SPNY jumped 5.4%, while financial stocks .SPSY were at their highest in eight months.
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Travel-related stocks including United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N, which have lost more than half their market capitalization this year due to the pandemic, jumped between 5.0% and 11.4%. By Medha Singh and Shivani Kumaresan Nov 16 (Reuters) - The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. ET the Dow Jones Industrial Average .DJI rose 443.68 points, or 1.51%, to 29,923.49, the S&P 500 .SPX gained 38.61 points, or 1.08%, to 3,623.76 and the Nasdaq Composite .IXIC gained 75.21 points, or 0.64%, to 11,904.49.
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Travel-related stocks including United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N, which have lost more than half their market capitalization this year due to the pandemic, jumped between 5.0% and 11.4%. By Medha Singh and Shivani Kumaresan Nov 16 (Reuters) - The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. The Nasdaq's .IXIC rise was limited as investors sold some of this year's "stay-at-home" winners such as Amazon.com Inc AMZN.O, Netflix Inc NFLX.O and Zoom Video Communications Inc ZM.O.
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5029.0
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2020-11-16 00:00:00 UTC
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US STOCKS-Wall Street headed for record closing high as Moderna reignites vaccine hopes
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-street-headed-for-record-closing-high-as-moderna-reignites-vaccine-hopes
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By Stephen Culp
NEW YORK, Nov 16 (Reuters) - Wall Street stocks advanced on Monday, setting the S&P 500 and the Dow on course for all-time closing highs as news of another promising coronavirus vaccine bolstered hopes of eradicating the disease, while spiking infections and new shutdowns threaten to hobble a recovery from the pandemic recession.
The blue-chip Dow Jones industrial average .DJI hit an intraday high and flirted with the 30,000 mark while the Russell 2000 .RUTwas also on track for record close.
Value, cyclical and small cap shares, which stand to benefit most from an economic rebound, outperformed the broader market.
Moderna Inc MRNA.O said its experimental COVID-19 vaccine was 94.5% effective in preventing infection based on interim late-state data. It was the second drugmaker in as my weeks, after Pfizer Inc PFE.N, to announce promising trial data in the development of a vaccine to defeat the pandemic.
Combined, pending further data and regulatory review, the United States could have as many as 60 million emergency doses available this year.
"It's good news along the lines of Pfizer's news a week ago," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. "We have another vaccine that down the road that will enable us to get back to life as we used to live it."
"We're seeing the end of the tunnel getting closer."
Travel-related stocks, which were clobbered by restrictions enacted to contain the pandemic's spread, were in demand.
Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 3.4% and 8.3%.
But COVID-19 continued its U.S. rampage, with cases surging past 11 millions and record infections in 40 states, prompting states to tighten social distancing mandates.
"It's the great conundrum," Tuz added. "Do you invest for the next three months that are likely to be pretty bleak, or do you invest for the period after that that's likely to be much better?"
"It is a battle between short term bad news and longer term great news regarding the vaccine," Tuz said.
The Dow Jones Industrial Average .DJI rose 337.29 points, or 1.14%, to 29,817.1, the S&P 500 .SPX gained 26.18 points, or 0.73%, at 3,611.33 and the Nasdaq Composite .IXIC added 48.65 points, or 0.41%, at 11,877.94.
Of the 11 major sectors of the S&P 500, energy stocks .SPNY were enjoying the largest percentage gain.
Earnings from high-profile retailers are expected this week, with Walmart Inc WMT.N and Home Depot Inc HD.N expected to report on Tuesday and Lowe's Companies Inc LOW.N and Target Corp TGT.N on Wednesday.
This, together with the Commerce Department's October retail sales data, expected on Tuesday, should provide evidence as to how consumers are weathering a languid economic recovery as stimulus runs dry.
Simon Property Group Inc SPG.N jumped 6.0% after the biggest U.S. mall operator cut its purchase price for an 80% stake of rival Taubman Centers Inc TCO.N, as the pandemic pressures the retailers.
Advancing issues outnumbered decliners on the NYSE by a 3.97-to-1 ratio. On Nasdaq, a 2.02-to-1 ratio favored advancers.
The S&P 500 posted 40 new 52-week highs and no new lows. The Nasdaq Composite recorded 154 new highs and 12 new lows.
(Reporting by Stephen Culp; Editing by Richard Chang)
((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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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 3.4% and 8.3%. By Stephen Culp NEW YORK, Nov 16 (Reuters) - Wall Street stocks advanced on Monday, setting the S&P 500 and the Dow on course for all-time closing highs as news of another promising coronavirus vaccine bolstered hopes of eradicating the disease, while spiking infections and new shutdowns threaten to hobble a recovery from the pandemic recession. This, together with the Commerce Department's October retail sales data, expected on Tuesday, should provide evidence as to how consumers are weathering a languid economic recovery as stimulus runs dry.
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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 3.4% and 8.3%. "It is a battle between short term bad news and longer term great news regarding the vaccine," Tuz said. The Dow Jones Industrial Average .DJI rose 337.29 points, or 1.14%, to 29,817.1, the S&P 500 .SPX gained 26.18 points, or 0.73%, at 3,611.33 and the Nasdaq Composite .IXIC added 48.65 points, or 0.41%, at 11,877.94.
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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 3.4% and 8.3%. By Stephen Culp NEW YORK, Nov 16 (Reuters) - Wall Street stocks advanced on Monday, setting the S&P 500 and the Dow on course for all-time closing highs as news of another promising coronavirus vaccine bolstered hopes of eradicating the disease, while spiking infections and new shutdowns threaten to hobble a recovery from the pandemic recession. "It's good news along the lines of Pfizer's news a week ago," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.
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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 3.4% and 8.3%. "It's good news along the lines of Pfizer's news a week ago," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. The Dow Jones Industrial Average .DJI rose 337.29 points, or 1.14%, to 29,817.1, the S&P 500 .SPX gained 26.18 points, or 0.73%, at 3,611.33 and the Nasdaq Composite .IXIC added 48.65 points, or 0.41%, at 11,877.94.
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5030.0
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2020-11-16 00:00:00 UTC
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Southwest Goes on the Offensive Seeking Planes, Customers
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AAL
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https://www.nasdaq.com/articles/southwest-goes-on-the-offensive-seeking-planes-customers-2020-11-16
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nan
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nan
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Southwest Airlines (NYSE: LUV) on Monday confirmed that it is in talks with Boeing (NYSE: BA) about acquiring planes that don't currently have buyers, but said the planes would replace other orders and not be for fleet expansion.
Boeing's 737 MAX is expected to be cleared to fly again soon, more than a year after being grounded due to safety concerns, and the aerospace manufacturer is scrambling to find takers for the more than 400 planes it has built but has been unable to deliver during the grounding. The company's task has been made harder by the coronavirus pandemic, which has stifled demand for air travel and caused airlines to rethink growth plans.
Image source: Southwest Airlines.
Southwest CEO Gary Kelly on Monday confirmed reports that the airline is in discussions to potentially acquire some of those so-called "white tail" planes (those that no longer have their original buyers), but stressed those airframes would be replacements for, and not additions to, the 249 MAX planes it has on order.
"No one should think Southwest is gonna get 50 more airplanes than what they were planning on in terms of incrementing the fleet," Kelly said during an aviation webinar, as quoted by Reuters. "That'd be crazy. We're not thinking about that at all."
Even if Southwest isn't planning on aggressively expanding its fleet during a pandemic, the airline is trying to take advantage of its relatively healthy balance sheet to take share from others.
It is adding four cities to its route network in 2020 and expects to add another six in 2021, according to The Wall Street Journal, with the growth focused on markets currently dominated by other large airlines, including United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL).
The expansion is not without risk. Despite its reputation as a discounter, Southwest has a cost structure that is higher than those of Spirit Airlines and Allegiant Travel. But the promise of growth could also help Southwest ease tensions with unions that are balking at the talk of potential pandemic-related furloughs headed into 2021.
Jon Weaks, a Southwest captain and head of the airline's pilots' union, told the Journal the expansion plan was "predatory and opportunistic -- which we like."
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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 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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It is adding four cities to its route network in 2020 and expects to add another six in 2021, according to The Wall Street Journal, with the growth focused on markets currently dominated by other large airlines, including United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL). The company's task has been made harder by the coronavirus pandemic, which has stifled demand for air travel and caused airlines to rethink growth plans. "No one should think Southwest is gonna get 50 more airplanes than what they were planning on in terms of incrementing the fleet," Kelly said during an aviation webinar, as quoted by Reuters.
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It is adding four cities to its route network in 2020 and expects to add another six in 2021, according to The Wall Street Journal, with the growth focused on markets currently dominated by other large airlines, including United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL). See the 10 stocks *Stock Advisor returns as of October 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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It is adding four cities to its route network in 2020 and expects to add another six in 2021, according to The Wall Street Journal, with the growth focused on markets currently dominated by other large airlines, including United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL). Southwest Airlines (NYSE: LUV) on Monday confirmed that it is in talks with Boeing (NYSE: BA) about acquiring planes that don't currently have buyers, but said the planes would replace other orders and not be for fleet expansion. Southwest CEO Gary Kelly on Monday confirmed reports that the airline is in discussions to potentially acquire some of those so-called "white tail" planes (those that no longer have their original buyers), but stressed those airframes would be replacements for, and not additions to, the 249 MAX planes it has on order.
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It is adding four cities to its route network in 2020 and expects to add another six in 2021, according to The Wall Street Journal, with the growth focused on markets currently dominated by other large airlines, including United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL). Southwest Airlines (NYSE: LUV) on Monday confirmed that it is in talks with Boeing (NYSE: BA) about acquiring planes that don't currently have buyers, but said the planes would replace other orders and not be for fleet expansion. Even if Southwest isn't planning on aggressively expanding its fleet during a pandemic, the airline is trying to take advantage of its relatively healthy balance sheet to take share from others.
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5031.0
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2020-11-16 00:00:00 UTC
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Pre-Market Most Active for Nov 16, 2020 : NIO, CCL, AAL, MRNA, AMC, LI, TCO, PLTR, JD, GE, INO, SQQQ
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-16-2020-%3A-nio-ccl-aal-mrna-amc-li-tco-pltr-jd-ge-ino-sqqq
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The NASDAQ 100 Pre-Market Indicator is down -30.78 to 11,907.06. The total Pre-Market volume is currently 55,412,906 shares traded.
The following are the most active stocks for the pre-market session:
NIO Inc. (NIO) is -1.86 at $42.70, with 10,293,274 shares traded.NIO is scheduled to provide an earnings report on 11/17/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -0.17 per share, which represents a -33 percent increase over the EPS one Year Ago
Carnival Corporation (CCL) is +1.65 at $17.66, with 9,565,953 shares traded. CCL's current last sale is 117.73% of the target price of $15.
American Airlines Group, Inc. (AAL) is +0.71 at $12.95, with 8,739,290 shares traded. AAL's current last sale is 129.5% of the target price of $10.
Moderna, Inc. (MRNA) is +11.52 at $100.91, with 6,952,046 shares traded. As reported by Zacks, the current mean recommendation for MRNA is in the "buy range".
AMC Entertainment Holdings, Inc. (AMC) is +0.51 at $3.48, with 3,997,345 shares traded. AMC's current last sale is 99.43% of the target price of $3.5.
Li Auto Inc. (LI) is +1.2 at $32.40, with 3,339,042 shares traded. LI's current last sale is 124.62% of the target price of $26.
Taubman Centers, Inc. (TCO) is +3.27 at $42.75, with 2,670,904 shares traded. TCO's current last sale is 122.14% of the target price of $35.
Palantir Technologies Inc. (PLTR) is +1.07 at $16.87, with 2,177,992 shares traded. PLTR's current last sale is 116.34% of the target price of $14.5.
JD.com, Inc. (JD) is -1.77 at $90.31, with 2,107,985 shares traded. Reuters Reports: China's JD.com beats estimates on online sales boom
General Electric Company (GE) is +0.39 at $9.64, with 1,976,817 shares traded. As reported by Zacks, the current mean recommendation for GE is in the "buy range".
Inovio Pharmaceuticals, Inc. (INO) is +1.6 at $12.82, with 1,713,202 shares traded. INO's current last sale is 122.1% of the target price of $10.5.
ProShares UltraPro Short QQQ (SQQQ) is +0.13 at $19.52, with 1,460,379 shares traded. This represents a 8.57% increase from its 52 Week Low.
The views and 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 +0.71 at $12.95, with 8,739,290 shares traded. AAL's current last sale is 129.5% of the target price of $10. As reported by Zacks, the current mean recommendation for MRNA is in the "buy range".
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American Airlines Group, Inc. (AAL) is +0.71 at $12.95, with 8,739,290 shares traded. AAL's current last sale is 129.5% of the target price of $10. CCL's current last sale is 117.73% of the target price of $15.
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American Airlines Group, Inc. (AAL) is +0.71 at $12.95, with 8,739,290 shares traded. AAL's current last sale is 129.5% of the target price of $10. The total Pre-Market volume is currently 55,412,906 shares traded.
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AAL's current last sale is 129.5% of the target price of $10. American Airlines Group, Inc. (AAL) is +0.71 at $12.95, with 8,739,290 shares traded. The NASDAQ 100 Pre-Market Indicator is down -30.78 to 11,907.06.
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5032.0
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2020-11-16 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Goldman Sachs, Moderna, Adamis Pharmaceuticals, United Airlines
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-goldman-sachs-moderna-adamis-pharmaceuticals-united-airlines
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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 rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. .N
At 10:26 ET, the Dow Jones Industrial Average .DJI was up 1.26% at 29,851.99. The S&P 500 .SPX was up 0.68% at 3,609.63 and the Nasdaq Composite .IXIC was up 0.35% at 11,871.034. The top three S&P 500 .PG.INX percentage gainers: ** Carnival Corp , up 10.5 % ** Simon Property Group Inc , up 8.4 % ** Technipfmc Plc , up 7.7 % The top three S&P 500 .PL.INX percentage losers: ** Cabot Oil & Gas Corp , down 4.6 % ** Pfizer Inc , down 3.9 % ** Firstenergy Corp , down 3.7 % The top three NYSE .PG.N percentage gainers: ** Highpoint Resources Corp , up 45.5 % ** Foundation Building Materials Inc , up 25.9 % ** Jpmrg U.S. Value Factor EFT , up 23.5 % The top three NYSE .PL.N percentage losers: ** Fiduciary/Claymore Energy Infrastructure Fund , down 34.7 % ** Casper Sleep Inc , down 17.5 % ** ProShares Ultra Bloomberg Natural Gas BOIL.N, down 14.6 % The top three Nasdaq .PG.O percentage gainers: ** Alterity Therapeutics Limited ATHE.O, up 128.5 % ** HD Supply Holdings Inc HDS.O, up 24.3 % ** CBAK Energy Technology Inc CBAT.O, up 23.8 % The top three Nasdaq .PL.O percentage losers: ** RAPT Therapeutics Inc , down 50 % ** Creatd Inc , down 16 % ** Cryoport Inc , down 12.6 % ** F5 Networks Inc FFIV.O: up 2.4%
BUZZ-F5 Networks: Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 5.0%
BUZZ-Chembio: Rises after Brazil regulatory approves COVID-19 antigen test
** Apple Inc AAPL.O: up 1.2%
BUZZ-Apple Inc: Evercore sees return to growth in China
** Obseva SA OBSV.O: up 1.9%
BUZZ- ObsEva SA: Up on positive data from preterm labor treatment study
** CSX Corp CSX.O: up 1.8%
BUZZ-CS says CSX Corp top pick among rail operators, raises PT
** Adamis Pharmaceuticals Corp ADMP.O: down 35.4%
BUZZ-Adamis Pharma: Sinks on second FDA rejection for opioid overdose treatment
** Moderna Inc MRNA.O: up 5.7%
BUZZ-Moderna: Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** Palo Alto Networks Inc PANW.N: up 4.4%
BUZZ-Palo Alto Networks: Rises on Q1 beat, forecast
** American Airlines Group Inc AAL.O: up 4.8% ** Delta Airlines Inc DAL.N: up 4.5% ** United Airlines Holdings Inc UAL.O: up 6.4% ** Marriott International Inc MAR.O: up 3.0% ** Hyatt Hotels Corporation H.N: up 2.9% ** Carnival Corp CCL.N: up 10.5% ** Royal Caribbean Cruises Ltd RCL.N: up 7.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 7.2% ** Booking Holdings Inc BKNG.O: up 2.0%
BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 8.5%
BUZZ-Inovio: Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 36.7%
BUZZ-Maiden Holdings: Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.1%
BUZZ-U.S. big banks rise on positive vaccine data
** Goldman Sachs Group Inc GS.N: up 1.3% ** JPMorgan Chase & Co JPM.N: up 2.5% ** Morgan Stanley MS.N: up 2.1% ** Bank of America Corporation BAC.N: up 2.2% ** Wells Fargo & CompanyWFC.N: up 2.9% ** Citigroup Inc C.N: up 3.5%
BUZZ-U.S. big banks rise on positive vaccine data
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.75%
Consumer Discretionary
.SPLRCD
up 0.54%
Consumer Staples
.SPLRCS
up 0.48%
Energy
.SPNY
up 4.71%
Financial
.SPSY
up 1.77%
Health
.SPXHC
up 0.08%
Industrial
.SPLRCI
up 1.89%
Information Technology
.SPLRCT
up 0.88%
Materials
.SPLRCM
up 1.50%
Real Estate
.SPLRCR
down 0.23%
Utilities
.SPLRCU
down 0.06%
(Compiled by Chavi Mehta)
The views and 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: ** Carnival Corp , up 10.5 % ** Simon Property Group Inc , up 8.4 % ** Technipfmc Plc , up 7.7 % The top three S&P 500 .PL.INX percentage losers: ** Cabot Oil & Gas Corp , down 4.6 % ** Pfizer Inc , down 3.9 % ** Firstenergy Corp , down 3.7 % The top three NYSE .PG.N percentage gainers: ** Highpoint Resources Corp , up 45.5 % ** Foundation Building Materials Inc , up 25.9 % ** Jpmrg U.S. Value Factor EFT , up 23.5 % The top three NYSE .PL.N percentage losers: ** Fiduciary/Claymore Energy Infrastructure Fund , down 34.7 % ** Casper Sleep Inc , down 17.5 % ** ProShares Ultra Bloomberg Natural Gas BOIL.N, down 14.6 % The top three Nasdaq .PG.O percentage gainers: ** Alterity Therapeutics Limited ATHE.O, up 128.5 % ** HD Supply Holdings Inc HDS.O, up 24.3 % ** CBAK Energy Technology Inc CBAT.O, up 23.8 % The top three Nasdaq .PL.O percentage losers: ** RAPT Therapeutics Inc , down 50 % ** Creatd Inc , down 16 % ** Cryoport Inc , down 12.6 % ** F5 Networks Inc FFIV.O: up 2.4% BUZZ-F5 Networks: Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 5.0% BUZZ-Chembio: Rises after Brazil regulatory approves COVID-19 antigen test ** Apple Inc AAPL.O: up 1.2% BUZZ-Apple Inc: Evercore sees return to growth in China ** Obseva SA OBSV.O: up 1.9% BUZZ- ObsEva SA: Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.8% BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 35.4% BUZZ-Adamis Pharma: Sinks on second FDA rejection for opioid overdose treatment ** Moderna Inc MRNA.O: up 5.7% BUZZ-Moderna: Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** Palo Alto Networks Inc PANW.N: up 4.4% BUZZ-Palo Alto Networks: Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 4.8% ** Delta Airlines Inc DAL.N: up 4.5% ** United Airlines Holdings Inc UAL.O: up 6.4% ** Marriott International Inc MAR.O: up 3.0% ** Hyatt Hotels Corporation H.N: up 2.9% ** Carnival Corp CCL.N: up 10.5% ** Royal Caribbean Cruises Ltd RCL.N: up 7.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 7.2% ** Booking Holdings Inc BKNG.O: up 2.0% BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 8.5% BUZZ-Inovio: Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 36.7% BUZZ-Maiden Holdings: Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.1% BUZZ-U.S. big banks rise on positive vaccine data ** Goldman Sachs Group Inc GS.N: up 1.3% ** JPMorgan Chase & Co JPM.N: up 2.5% ** Morgan Stanley MS.N: up 2.1% ** Bank of America Corporation BAC.N: up 2.2% ** Wells Fargo & CompanyWFC.N: up 2.9% ** Citigroup Inc C.N: up 3.5% BUZZ-U.S. big banks rise on positive vaccine data 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 rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. down 0.06% (Compiled by Chavi Mehta) The views and 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: ** Carnival Corp , up 10.5 % ** Simon Property Group Inc , up 8.4 % ** Technipfmc Plc , up 7.7 % The top three S&P 500 .PL.INX percentage losers: ** Cabot Oil & Gas Corp , down 4.6 % ** Pfizer Inc , down 3.9 % ** Firstenergy Corp , down 3.7 % The top three NYSE .PG.N percentage gainers: ** Highpoint Resources Corp , up 45.5 % ** Foundation Building Materials Inc , up 25.9 % ** Jpmrg U.S. Value Factor EFT , up 23.5 % The top three NYSE .PL.N percentage losers: ** Fiduciary/Claymore Energy Infrastructure Fund , down 34.7 % ** Casper Sleep Inc , down 17.5 % ** ProShares Ultra Bloomberg Natural Gas BOIL.N, down 14.6 % The top three Nasdaq .PG.O percentage gainers: ** Alterity Therapeutics Limited ATHE.O, up 128.5 % ** HD Supply Holdings Inc HDS.O, up 24.3 % ** CBAK Energy Technology Inc CBAT.O, up 23.8 % The top three Nasdaq .PL.O percentage losers: ** RAPT Therapeutics Inc , down 50 % ** Creatd Inc , down 16 % ** Cryoport Inc , down 12.6 % ** F5 Networks Inc FFIV.O: up 2.4% BUZZ-F5 Networks: Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 5.0% BUZZ-Chembio: Rises after Brazil regulatory approves COVID-19 antigen test ** Apple Inc AAPL.O: up 1.2% BUZZ-Apple Inc: Evercore sees return to growth in China ** Obseva SA OBSV.O: up 1.9% BUZZ- ObsEva SA: Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.8% BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 35.4% BUZZ-Adamis Pharma: Sinks on second FDA rejection for opioid overdose treatment ** Moderna Inc MRNA.O: up 5.7% BUZZ-Moderna: Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** Palo Alto Networks Inc PANW.N: up 4.4% BUZZ-Palo Alto Networks: Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 4.8% ** Delta Airlines Inc DAL.N: up 4.5% ** United Airlines Holdings Inc UAL.O: up 6.4% ** Marriott International Inc MAR.O: up 3.0% ** Hyatt Hotels Corporation H.N: up 2.9% ** Carnival Corp CCL.N: up 10.5% ** Royal Caribbean Cruises Ltd RCL.N: up 7.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 7.2% ** Booking Holdings Inc BKNG.O: up 2.0% BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 8.5% BUZZ-Inovio: Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 36.7% BUZZ-Maiden Holdings: Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.1% BUZZ-U.S. big banks rise on positive vaccine data ** Goldman Sachs Group Inc GS.N: up 1.3% ** JPMorgan Chase & Co JPM.N: up 2.5% ** Morgan Stanley MS.N: up 2.1% ** Bank of America Corporation BAC.N: up 2.2% ** Wells Fargo & CompanyWFC.N: up 2.9% ** Citigroup Inc C.N: up 3.5% BUZZ-U.S. big banks rise on positive vaccine data 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 rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. down 0.06% (Compiled by Chavi Mehta) The views and 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: ** Carnival Corp , up 10.5 % ** Simon Property Group Inc , up 8.4 % ** Technipfmc Plc , up 7.7 % The top three S&P 500 .PL.INX percentage losers: ** Cabot Oil & Gas Corp , down 4.6 % ** Pfizer Inc , down 3.9 % ** Firstenergy Corp , down 3.7 % The top three NYSE .PG.N percentage gainers: ** Highpoint Resources Corp , up 45.5 % ** Foundation Building Materials Inc , up 25.9 % ** Jpmrg U.S. Value Factor EFT , up 23.5 % The top three NYSE .PL.N percentage losers: ** Fiduciary/Claymore Energy Infrastructure Fund , down 34.7 % ** Casper Sleep Inc , down 17.5 % ** ProShares Ultra Bloomberg Natural Gas BOIL.N, down 14.6 % The top three Nasdaq .PG.O percentage gainers: ** Alterity Therapeutics Limited ATHE.O, up 128.5 % ** HD Supply Holdings Inc HDS.O, up 24.3 % ** CBAK Energy Technology Inc CBAT.O, up 23.8 % The top three Nasdaq .PL.O percentage losers: ** RAPT Therapeutics Inc , down 50 % ** Creatd Inc , down 16 % ** Cryoport Inc , down 12.6 % ** F5 Networks Inc FFIV.O: up 2.4% BUZZ-F5 Networks: Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 5.0% BUZZ-Chembio: Rises after Brazil regulatory approves COVID-19 antigen test ** Apple Inc AAPL.O: up 1.2% BUZZ-Apple Inc: Evercore sees return to growth in China ** Obseva SA OBSV.O: up 1.9% BUZZ- ObsEva SA: Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.8% BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 35.4% BUZZ-Adamis Pharma: Sinks on second FDA rejection for opioid overdose treatment ** Moderna Inc MRNA.O: up 5.7% BUZZ-Moderna: Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** Palo Alto Networks Inc PANW.N: up 4.4% BUZZ-Palo Alto Networks: Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 4.8% ** Delta Airlines Inc DAL.N: up 4.5% ** United Airlines Holdings Inc UAL.O: up 6.4% ** Marriott International Inc MAR.O: up 3.0% ** Hyatt Hotels Corporation H.N: up 2.9% ** Carnival Corp CCL.N: up 10.5% ** Royal Caribbean Cruises Ltd RCL.N: up 7.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 7.2% ** Booking Holdings Inc BKNG.O: up 2.0% BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 8.5% BUZZ-Inovio: Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 36.7% BUZZ-Maiden Holdings: Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.1% BUZZ-U.S. big banks rise on positive vaccine data ** Goldman Sachs Group Inc GS.N: up 1.3% ** JPMorgan Chase & Co JPM.N: up 2.5% ** Morgan Stanley MS.N: up 2.1% ** Bank of America Corporation BAC.N: up 2.2% ** Wells Fargo & CompanyWFC.N: up 2.9% ** Citigroup Inc C.N: up 3.5% BUZZ-U.S. big banks rise on positive vaccine data The 11 major S&P 500 sectors: Communication Services .N At 10:26 ET, the Dow Jones Industrial Average .DJI was up 1.26% at 29,851.99. up 0.75% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** Carnival Corp , up 10.5 % ** Simon Property Group Inc , up 8.4 % ** Technipfmc Plc , up 7.7 % The top three S&P 500 .PL.INX percentage losers: ** Cabot Oil & Gas Corp , down 4.6 % ** Pfizer Inc , down 3.9 % ** Firstenergy Corp , down 3.7 % The top three NYSE .PG.N percentage gainers: ** Highpoint Resources Corp , up 45.5 % ** Foundation Building Materials Inc , up 25.9 % ** Jpmrg U.S. Value Factor EFT , up 23.5 % The top three NYSE .PL.N percentage losers: ** Fiduciary/Claymore Energy Infrastructure Fund , down 34.7 % ** Casper Sleep Inc , down 17.5 % ** ProShares Ultra Bloomberg Natural Gas BOIL.N, down 14.6 % The top three Nasdaq .PG.O percentage gainers: ** Alterity Therapeutics Limited ATHE.O, up 128.5 % ** HD Supply Holdings Inc HDS.O, up 24.3 % ** CBAK Energy Technology Inc CBAT.O, up 23.8 % The top three Nasdaq .PL.O percentage losers: ** RAPT Therapeutics Inc , down 50 % ** Creatd Inc , down 16 % ** Cryoport Inc , down 12.6 % ** F5 Networks Inc FFIV.O: up 2.4% BUZZ-F5 Networks: Rises as JPM upgrades to 'overweight' ** Chembio Diagnostics Inc CEMI.O: up 5.0% BUZZ-Chembio: Rises after Brazil regulatory approves COVID-19 antigen test ** Apple Inc AAPL.O: up 1.2% BUZZ-Apple Inc: Evercore sees return to growth in China ** Obseva SA OBSV.O: up 1.9% BUZZ- ObsEva SA: Up on positive data from preterm labor treatment study ** CSX Corp CSX.O: up 1.8% BUZZ-CS says CSX Corp top pick among rail operators, raises PT ** Adamis Pharmaceuticals Corp ADMP.O: down 35.4% BUZZ-Adamis Pharma: Sinks on second FDA rejection for opioid overdose treatment ** Moderna Inc MRNA.O: up 5.7% BUZZ-Moderna: Jumps as vaccine shows 94.5% effectiveness in preventing COVID-19 ** Palo Alto Networks Inc PANW.N: up 4.4% BUZZ-Palo Alto Networks: Rises on Q1 beat, forecast ** American Airlines Group Inc AAL.O: up 4.8% ** Delta Airlines Inc DAL.N: up 4.5% ** United Airlines Holdings Inc UAL.O: up 6.4% ** Marriott International Inc MAR.O: up 3.0% ** Hyatt Hotels Corporation H.N: up 2.9% ** Carnival Corp CCL.N: up 10.5% ** Royal Caribbean Cruises Ltd RCL.N: up 7.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 7.2% ** Booking Holdings Inc BKNG.O: up 2.0% BUZZ-Travel stocks rise after Moderna's COVID-19 vaccine 94.5% effective ** Inovio Pharmaceuticals Inc INO.O: up 8.5% BUZZ-Inovio: Rises on FDA nod to start mid-stage trial of COVID-19 vaccine candidate ** Maiden Holdings Ltd MHLD.O: up 36.7% BUZZ-Maiden Holdings: Rises on Q3 profit ** Bentley Systems Inc BSY.O: up 2.1% BUZZ-U.S. big banks rise on positive vaccine data ** Goldman Sachs Group Inc GS.N: up 1.3% ** JPMorgan Chase & Co JPM.N: up 2.5% ** Morgan Stanley MS.N: up 2.1% ** Bank of America Corporation BAC.N: up 2.2% ** Wells Fargo & CompanyWFC.N: up 2.9% ** Citigroup Inc C.N: up 3.5% BUZZ-U.S. big banks rise on positive vaccine data 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 rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. .N At 10:26 ET, the Dow Jones Industrial Average .DJI was up 1.26% at 29,851.99.
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5033.0
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2020-11-16 00:00:00 UTC
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GLOBAL MARKETS-Asia stocks gain after vaccine hopes push Wall Street to record highs
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https://www.nasdaq.com/articles/global-markets-asia-stocks-gain-after-vaccine-hopes-push-wall-street-to-record-highs-2020
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By Chibuike Oguh
NEW YORK, Nov 16 (Reuters) - Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery.
Investor sentiment shot up after Moderna Inc MRNA.O said its experimental COVID-19 vaccine was 94.5% effective in preventing infection based on interim late-state data.
The Cambridge, Massachusetts-based firm became the second drugmaker, after Pfizer Inc PFE.N, to announce promising trial data in the development of a vaccine to defeat the pandemic. Its shares gained 9.6% on the day.
"This is a continuation of what we saw last week as the vaccine being a catalyst for a rotation into cyclical sectors such as energy, financials, and defense with expectations for renewed demand and travel," said Thomas Hayes, managing member at Great Hill Capital in New York.
Australia's S&P/ASX 200 .AXJO rose 0.6% in early trading, while Hong Kong's Hang Seng index futures .HSI, HSIc1 gained 0.27%. Japan's Nikkei 225 .N225 climbed 0.5%.
All three main Wall Street indexes advanced on Monday, with the Dow Jones Industrials Average setting a record as it neared the 30,000 mark for the first time in nine months. The benchmark Dow is the last of the three to reclaim levels reached in February, before lockdowns sent the markets into free-fall. The S&P 500 surpassed its own record set on Friday.
Cyclical and small cap names, which generally benefit the soonest as an economy recovers from a recession, led the way, with energy .SPNY, industrials .SPLRCI and financials .SPSY the top-performing sectors.
Travel-related stocks, which have been clobbered by coronavirus lockdowns, were also in demand. Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%.
"The light switch has really be turned on and this is the real deal unlike some months back," Hayes said.
On Wall Street, the Dow Jones Industrial Average .DJI rose 1.6%, the S&P 500 .SPX gained 1.16%, and the Nasdaq Composite .IXIC added 0.8%.
Oil prices rose on the prospects of an end of pandemic restrictions that have hit demand. Prices were also buoyed by data showing a rebound in China and Japan, with figures showing Chinese refineries processed record daily levels of crude in October.
U.S. crude CLc1 settled up 3.02% at $41.34 per barrel and Brent LCOc1 was at $43.82, up 2.43% on the day.
U.S. Treasury yields rose on Monday and the yield curve steepened in the wake of the vaccine developments. Benchmark 10-year notes US10YT=RR last fell 5/32 in price to yield 0.9094%, from 0.893% late on Friday.
Global assetshttp://tmsnrt.rs/2jvdmXl
Global currencies vs. dollar http://tmsnrt.rs/2egbfVh
Emerging marketshttp://tmsnrt.rs/2ihRugV
MSCI All Country Wolrd Index Market Caphttp://tmsnrt.rs/2EmTD6j
(Reporting by Chibuike Oguh in New York; Editing by Sam Holmes)
((Chibuike.Oguh@thomsonreuters.com; +332-1834-219; Reuters Messaging: chibuike.oguh.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 United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%. By Chibuike Oguh NEW YORK, Nov 16 (Reuters) - Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery. "This is a continuation of what we saw last week as the vaccine being a catalyst for a rotation into cyclical sectors such as energy, financials, and defense with expectations for renewed demand and travel," said Thomas Hayes, managing member at Great Hill Capital in New York.
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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%. By Chibuike Oguh NEW YORK, Nov 16 (Reuters) - Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery. All three main Wall Street indexes advanced on Monday, with the Dow Jones Industrials Average setting a record as it neared the 30,000 mark for the first time in nine months.
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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%. By Chibuike Oguh NEW YORK, Nov 16 (Reuters) - Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery. All three main Wall Street indexes advanced on Monday, with the Dow Jones Industrials Average setting a record as it neared the 30,000 mark for the first time in nine months.
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Shares of United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N jumped between 4.5% and 9.7%. By Chibuike Oguh NEW YORK, Nov 16 (Reuters) - Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery. Its shares gained 9.6% on the day.
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5034.0
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2020-11-16 00:00:00 UTC
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US STOCKS-S&P, Dow futures rise after Moderna says vaccine 94.5% effective
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https://www.nasdaq.com/articles/us-stocks-sp-dow-futures-rise-after-moderna-says-vaccine-94.5-effective-2020-11-16
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By Medha Singh and Shivani Kumaresan
Nov 16 (Reuters) - Futures tracking the S&P 500 and the Dow rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession.
Moderna Inc MRNA.O soared 15% in premarket trading as it said its experimental vaccine was 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial.
Nasdaq 100 futures NQcv1 fell as investors again sold some of this year's "stay-at-home" winners, although gains of about a percent for Dow 1YMcv1 and S&P 500 futures EScv1 were less stellar than those after a similar release from Pfizer Inc PFE.N a week ago.
Travel-related stocks including United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N, which have lost more than half their market capitalization this year due to the pandemic, jumped between 7% and 10%.
"This enables managers to now more broadly expose their portfolios to new pockets of growth," said Thomas Hayes, managing member at Great Hill Capital Llc in New York.
"You could potentially have a little bit of profit-taking in the morning, but on balance there's not much to sell in this news in the fact that most (fund) managers went into the election flatfooted and now they've got to play catch up in the year end."
Bets of a working COVID-19 vaccine fueled gains on Wall Street last week, helping investors look past surging coronavirus cases across the United States which topped the 11 million mark, just over a week after hitting 10 million.
The benchmark S&P 500 .SPX and the small-cap Russell 2000 .RUT ended Friday at record closing highs, while the technology-heavy Nasdaq .IXIC fell slightly.
At 7:50 a.m. ET, Dow e-minis 1YMcv1 were up 475 points, or 1.62%, S&P 500 e-minis EScv1 were up 38.25 points, or 1.07%, and Nasdaq 100 e-minis NQcv1 were down 2.5 points, or nearly flat.
Big U.S. banks JPM.N, GS.N, MS.N gained between 2.5% and 3.3%, building on gains from last week, while Boeing Co BA.N and Chevron Corp CVX.N jumped more than 3%.
Better-than-expected factory output data from China also bolstered optimism about a rebound from a coronavirus-induced slump, pushing global stocks closer to record highs on Monday. MKTS/GLOB
Among other stocks, Simon Property Group Inc SPG.N jumped 10.2% after the biggest U.S. mall operator cut its purchase price for an 80% stake of rival Taubman Centers Inc TCO.N, as the virus outbreak upends the retail industry sector.
Johnson & Johnson JNJ.N gained 1.5% after launching a new large-scale study to test a two-dose regimen of its experimental COVID-19 vaccine.
(Reporting by Medha Singh and Shivani Kumaresan in Bengaluru; Editing by Sagarika Jaisinghani and Shounak Dasgupta)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs))
The views and 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-related stocks including United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N, which have lost more than half their market capitalization this year due to the pandemic, jumped between 7% and 10%. By Medha Singh and Shivani Kumaresan Nov 16 (Reuters) - Futures tracking the S&P 500 and the Dow rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. Better-than-expected factory output data from China also bolstered optimism about a rebound from a coronavirus-induced slump, pushing global stocks closer to record highs on Monday.
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Travel-related stocks including United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N, which have lost more than half their market capitalization this year due to the pandemic, jumped between 7% and 10%. ET, Dow e-minis 1YMcv1 were up 475 points, or 1.62%, S&P 500 e-minis EScv1 were up 38.25 points, or 1.07%, and Nasdaq 100 e-minis NQcv1 were down 2.5 points, or nearly flat. (Reporting by Medha Singh and Shivani Kumaresan in Bengaluru; Editing by Sagarika Jaisinghani and Shounak Dasgupta) ((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs)) The views and 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-related stocks including United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N, which have lost more than half their market capitalization this year due to the pandemic, jumped between 7% and 10%. By Medha Singh and Shivani Kumaresan Nov 16 (Reuters) - Futures tracking the S&P 500 and the Dow rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. Nasdaq 100 futures NQcv1 fell as investors again sold some of this year's "stay-at-home" winners, although gains of about a percent for Dow 1YMcv1 and S&P 500 futures EScv1 were less stellar than those after a similar release from Pfizer Inc PFE.N a week ago.
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Travel-related stocks including United Airlines Holdings Inc UAL.O, American Airlines Group Inc AAL.O, Carnival Corp CCL.N and Norwegian Cruise Line Holdings Ltd NCLH.N, which have lost more than half their market capitalization this year due to the pandemic, jumped between 7% and 10%. By Medha Singh and Shivani Kumaresan Nov 16 (Reuters) - Futures tracking the S&P 500 and the Dow rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. "This enables managers to now more broadly expose their portfolios to new pockets of growth," said Thomas Hayes, managing member at Great Hill Capital Llc in New York.
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5035.0
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2020-11-16 00:00:00 UTC
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FOCUS-Support for MAX brand wavers as Boeing jet nears green light
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https://www.nasdaq.com/articles/focus-support-for-max-brand-wavers-as-boeing-jet-nears-green-light-2020-11-16
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By Eric M. Johnson and Tracy Rucinski
SEATTLE/CHICAGO, Nov 16 (Reuters) - Boeing Co BA.N is set to win approval for its grounded 737 MAX this week, but chinks are appearing in the brand as the most traumatic chapter in the jetmaker's history overshadows the planes' original billing of superlative performance.
When it returns to the skies next month as expected after a nearly two-year safety review, the "MAX" name will still be officially in place. Some airlines, however, have begun to soft-pedal references to the aircraft following two fatal crashes that killed 346 people.
Industry sources familiar with the branding say the name will likely be phased out over time as a strategy unfolds among airlines to de-emphasize the "MAX" label in favor of the formal names assigned to each variant, like "737-7" or "737-8."
"You will see the MAX name used less frequently," one of the sources told Reuters. Another person involved in discussions over the marketing predicted the MAX name would gradually fade in coming years.
Boeing declined to comment.
The wavering support for the brand could be a setback for the company, which had unusually advertised a name as well as a model number, and urged airlines to "Think MAX." It also shows a potential sore point with airlines, who had invested promotional dollars in a name now seen as tarnished.
Brand Finance last year estimated the MAX's problems had wiped $7.5 billion off the value of Boeing's corporate image.
Anticipating this week's approval, American Airlines Group Inc AAL.O plans to relaunch commercial MAX flights on Dec. 29 from Miami to New York City. But while passengers will see the MAX name on booking systems, it will not appear on safety cards visible in seat pockets, people familiar with the change told Reuters.
"We changed the Boeing 737 safety cards to simplify the cards and ensure the correct card is placed on each aircraft," an American spokeswoman said, confirming the move. "This approach is consistent with other fleet types where we do not have different safety cards for sub-fleets," she added.
American has vowed to be transparent with customers about the MAX and will offer other travel options if they don't want to fly the aircraft.
Originally conceived in 2011, the word "MAX" was only ever a marketing title for the latest 737. Removing it from the cards has no impact on safety. But the cabin is where airlines define their brand, planning every visual cue, and virtually nothing there happens by chance, airline marketing experts say.
Doubts over the name surfaced in August when a news release on a MAX order from Poland's Enter Air referred to it as the "737-8."
Last week, Air Canada AC.TO used the same designation in a news release on quarterly earnings, with "MAX" appearing only in footnotes - a change from the year-ago format. An Air Canada spokeswoman said the airline uses the term "interchangeably."
While it is keeping the name, Boeing allows airlines to decide how they want to market the MAX. Even before the crashes, Ireland's Ryanair Holdings PLC RYA.I had decided to refer to its specially designed version as the "Gamechanger" rather than "MAX".
"If Boeing's customers want it dropped, it will be dropped," a third source said, adding that some key "customers are saying the name MAX is tainted."
HIGH VISIBILITY
Pressures on the once-unstoppable brand name for Boeing's fastest-selling jet highlight a delicate problem for airlines.
In the near-term, they must restore public trust in the aircraft, which calls for transparency about which plane is being used, something U.S. operators have pledged to enforce.
But the name has also drawn high-profile scepticism.
In April 2019, U.S. President Donald Trump tweeted, "I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name."
In January 2020, the chairman of Air Lease CorpAL.N, an influential buyer, said the "damaged" brand should be dropped.
Changing the name of a tarnished brand has been a well-proven strategy for companies seeking to move past crises.
"Some people will remember and give you grief in the short term, but you've broken the connection," said Paul Argenti, a professor at Dartmouth's Tuck School of Business. "Someone getting on the plane four years from now won't remember 'MAX.'"
JET NICKNAMES
The MAX's branding woes are all the more tricky for Boeing, as naming civilian jets is the exception rather than the rule.
While official nicknames are common for military jets like the F/A-18 "Super Hornet," Boeing only gave its first nickname to a civilian jet with its 787 "Dreamliner" about a decade ago.
But for the MAX, it needed to pack a bigger punch in an all-out battle for market share against European rival Airbus SE AIR.PA.
In 2011, Boeing abandoned plans for an all-new jet and launched a quicker 737 MAX upgrade after being blindsided by a huge Airbus sale to American Airlines, the company now reopening MAX flights.
Boeing marketers came up with a name that "ticked numerous boxes: max performance, max capacity, max range," said a person familiar with the discussions.
A promotional Boeing video using camera angles to give the impression of a vertical take-off - tagged "Flown by Boeing test pilots. Do not attempt" - underscored the superlative claims.
"It was short and effective," the person familiar with the discussions said of the name. "The problem," he added, "is that in a negative context it has been very effective too."
(Reporting by Eric M. Johnson in Seattle, Tim Hepher in Paris, and Tracy Rucinski in Chicago; additional reporting by Allison Lampert in Montreal; editing by Matthew Lewis and Edward Tobin)
((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Anticipating this week's approval, American Airlines Group Inc AAL.O plans to relaunch commercial MAX flights on Dec. 29 from Miami to New York City. By Eric M. Johnson and Tracy Rucinski SEATTLE/CHICAGO, Nov 16 (Reuters) - Boeing Co BA.N is set to win approval for its grounded 737 MAX this week, but chinks are appearing in the brand as the most traumatic chapter in the jetmaker's history overshadows the planes' original billing of superlative performance. But while passengers will see the MAX name on booking systems, it will not appear on safety cards visible in seat pockets, people familiar with the change told Reuters.
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Anticipating this week's approval, American Airlines Group Inc AAL.O plans to relaunch commercial MAX flights on Dec. 29 from Miami to New York City. By Eric M. Johnson and Tracy Rucinski SEATTLE/CHICAGO, Nov 16 (Reuters) - Boeing Co BA.N is set to win approval for its grounded 737 MAX this week, but chinks are appearing in the brand as the most traumatic chapter in the jetmaker's history overshadows the planes' original billing of superlative performance. But while passengers will see the MAX name on booking systems, it will not appear on safety cards visible in seat pockets, people familiar with the change told Reuters.
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Anticipating this week's approval, American Airlines Group Inc AAL.O plans to relaunch commercial MAX flights on Dec. 29 from Miami to New York City. By Eric M. Johnson and Tracy Rucinski SEATTLE/CHICAGO, Nov 16 (Reuters) - Boeing Co BA.N is set to win approval for its grounded 737 MAX this week, but chinks are appearing in the brand as the most traumatic chapter in the jetmaker's history overshadows the planes' original billing of superlative performance. In 2011, Boeing abandoned plans for an all-new jet and launched a quicker 737 MAX upgrade after being blindsided by a huge Airbus sale to American Airlines, the company now reopening MAX flights.
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Anticipating this week's approval, American Airlines Group Inc AAL.O plans to relaunch commercial MAX flights on Dec. 29 from Miami to New York City. "We changed the Boeing 737 safety cards to simplify the cards and ensure the correct card is placed on each aircraft," an American spokeswoman said, confirming the move. While it is keeping the name, Boeing allows airlines to decide how they want to market the MAX.
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5036.0
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2020-11-16 00:00:00 UTC
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Investors tell European firms to reveal 'missing' climate costs in their accounts
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AAL
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https://www.nasdaq.com/articles/investors-tell-european-firms-to-reveal-missing-climate-costs-in-their-accounts-2020-11-16
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By Matthew Green and Simon Jessop
LONDON, Nov 16 (Reuters) - Investors are pushing major European companies to make sure the "missing" costs of climate change are properly reflected in their financial statements, a move that could wipe billions of dollars off the value of sectors from energy to aviation.
The European and U.S. investors, who manage $9 trillion in assets, have sent 36 carbon-heavy companies a document setting out how they should account for the likely impact of the 2015 Paris climate accord on their future profits.
The investors suspect that existing balance sheets rest on assumptions over variables such as oil prices, carbon taxes, and the lifespan of fossil fuel assets that are incompatible with a shift to net-zero carbon emissions under the Paris deal.
JPM Morgan Asset Management (part of JP Morgan Chase & Co JPM.N), DWS DWSG.DE, Fidelity International and M&G Investments MNG.L were among 38 asset managers to back the document, according to a copy of an accompanying letter shared with Reuters by the Institutional Investors Group on Climate Change, an industry coalition.
In a statement published on Monday, the investors called on the companies to "address missing climate change costs in financial accounts".
"Either we get serious and start shifting capital flows towards activities aligned with the Paris Agreement, or we continue to talk about it," said Natasha Landell-Mills, head of stewardship at London-based asset manager Sarasin & Partners, who wrote the 23-page investor expectations document.
"Paris-aligned accounts are amongst the most important changes that will drive system-wide capital redeployment," Landell-Mills said.
Among the companies the investors wrote to were Germany's E.ON EONGn.DE and Uniper UN01.DE, Spain's Iberdrola IBE.MC and Endesa ELE.MC, France's Air Liquide AIRP.PA, Austria's OMV OMVV.VI and London-listed Anglo American AAL.L.
When contacted for comment, the companies variously referred Reuters to existing commitments on sustainability and climate risk disclosure, emphasised they welcomed investor engagement, and said they needed time to study the requirements.
ACCOUNTING ASSUMPTIONS
The campaign builds on a previous initiative led by Landell-Mills and an initial core of investors to challenge European oil majors and their auditors over their accounting assumptions in light of the Paris deal.
Landell-Mills said that engagement was vindicated in June when British major BP BP.L said it would write off up to $17.5 billion from the value of its assets after revising down its long-term oil and gas price forecasts. Anglo-Dutch rival Royal Dutch Shell RDSa.L and France's Total TOTF.PA booked smaller impairments.
Regulators have increasingly been encouraging companies to make voluntary disclosures of how they expect climate change to affect their businesses, and some countries, including Britain and New Zealand, are making these mandatory.
But the investors say that accountants and auditors may be failing in their existing legal duties to factor in foreseeable risks linked to both the prospect of rapid decarbonisation and physical impacts from climate change, meaning companies may be overstating their capital.
"Too many company accounts are leaving out material climate-related impacts, and this is not just putting shareholder capital at risk; it could have catastrophic consequences for our planet," according to the investors' document.
The document said investors could exert leverage on the issue by engaging directly with audit committees and company boards, by voting out directors and auditors, and by divesting shares.
Bruce Duguid, head of stewardship at the governance advisory arm of Federated Hermes, among the asset managers backing the campaign, said investors would review 2020 accounts for "clear evidence" of a response from both board directors and auditors.
(Reporting by Matthew Green and Simon Jessop Editing by David Holmes)
((M.Green@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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Among the companies the investors wrote to were Germany's E.ON EONGn.DE and Uniper UN01.DE, Spain's Iberdrola IBE.MC and Endesa ELE.MC, France's Air Liquide AIRP.PA, Austria's OMV OMVV.VI and London-listed Anglo American AAL.L. By Matthew Green and Simon Jessop LONDON, Nov 16 (Reuters) - Investors are pushing major European companies to make sure the "missing" costs of climate change are properly reflected in their financial statements, a move that could wipe billions of dollars off the value of sectors from energy to aviation. "Either we get serious and start shifting capital flows towards activities aligned with the Paris Agreement, or we continue to talk about it," said Natasha Landell-Mills, head of stewardship at London-based asset manager Sarasin & Partners, who wrote the 23-page investor expectations document.
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Among the companies the investors wrote to were Germany's E.ON EONGn.DE and Uniper UN01.DE, Spain's Iberdrola IBE.MC and Endesa ELE.MC, France's Air Liquide AIRP.PA, Austria's OMV OMVV.VI and London-listed Anglo American AAL.L. By Matthew Green and Simon Jessop LONDON, Nov 16 (Reuters) - Investors are pushing major European companies to make sure the "missing" costs of climate change are properly reflected in their financial statements, a move that could wipe billions of dollars off the value of sectors from energy to aviation. In a statement published on Monday, the investors called on the companies to "address missing climate change costs in financial accounts".
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Among the companies the investors wrote to were Germany's E.ON EONGn.DE and Uniper UN01.DE, Spain's Iberdrola IBE.MC and Endesa ELE.MC, France's Air Liquide AIRP.PA, Austria's OMV OMVV.VI and London-listed Anglo American AAL.L. By Matthew Green and Simon Jessop LONDON, Nov 16 (Reuters) - Investors are pushing major European companies to make sure the "missing" costs of climate change are properly reflected in their financial statements, a move that could wipe billions of dollars off the value of sectors from energy to aviation. The European and U.S. investors, who manage $9 trillion in assets, have sent 36 carbon-heavy companies a document setting out how they should account for the likely impact of the 2015 Paris climate accord on their future profits.
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Among the companies the investors wrote to were Germany's E.ON EONGn.DE and Uniper UN01.DE, Spain's Iberdrola IBE.MC and Endesa ELE.MC, France's Air Liquide AIRP.PA, Austria's OMV OMVV.VI and London-listed Anglo American AAL.L. By Matthew Green and Simon Jessop LONDON, Nov 16 (Reuters) - Investors are pushing major European companies to make sure the "missing" costs of climate change are properly reflected in their financial statements, a move that could wipe billions of dollars off the value of sectors from energy to aviation. The European and U.S. investors, who manage $9 trillion in assets, have sent 36 carbon-heavy companies a document setting out how they should account for the likely impact of the 2015 Paris climate accord on their future profits.
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5037.0
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2020-11-16 00:00:00 UTC
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Why Airline Stocks Are Higher Today
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AAL
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https://www.nasdaq.com/articles/why-airline-stocks-are-higher-today-2020-11-16
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nan
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nan
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What happened
Airline stocks are flying higher for the second Monday in a row, and the explanation for today's jump is similar to last week's. This time it was Moderna out with good news concerning a COVID-19 vaccine candidate, which means the odds are improving that we're nearing the beginning of the end of the pandemic.
Shares of United Airlines Holdings (NASDAQ: UAL) and Spirit Airlines (NYSE: SAVE) both jumped more than 8% at the open Monday, and shares of Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines Group (NASDAQ: AAL), and JetBlue Airways (NASDAQ: JBLU) all jumped 5% or more. The stocks have given up some of those gains as the morning goes on, but they are still easily outpacing the broader market.
Image source: Getty Images.
So what
Airline stocks have been among the big losers due to the pandemic, as demand for travel has plummeted and is expected to remain low for years to come. The only way to make a bull case for the stocks is if the pandemic is contained, and that won't happen until there is a successful vaccine.
The industry rallied last week following Pfizer's announcement that its vaccine candidate prevented more than 90% of infections, and the stocks are doing the same today after Moderna announced its vaccine has an even higher efficacy rate. While any one successful vaccine would mark progress in the fight against COVID-19, the idea that there are now two seemingly effective vaccines improves the odds that at least one will clear final regulatory scrutiny and a rollout of doses will soon follow.
Great day for patients. We may have two highly effective vaccines for Covid if results from the interim Pfizer and Moderna trials are confirmed by the full data sets. The acute phase of the U.S. pandemic will end in 2021. We must work together to get through the next 3 months https://t.co/XhetXU70nd
— Scott Gottlieb, MD (@ScottGottliebMD) November 16, 2020
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Shares of United Airlines Holdings (NASDAQ: UAL) and Spirit Airlines (NYSE: SAVE) both jumped more than 8% at the open Monday, and shares of Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines Group (NASDAQ: AAL), and JetBlue Airways (NASDAQ: JBLU) all jumped 5% or more. This time it was Moderna out with good news concerning a COVID-19 vaccine candidate, which means the odds are improving that we're nearing the beginning of the end of the pandemic. So what Airline stocks have been among the big losers due to the pandemic, as demand for travel has plummeted and is expected to remain low for years to come.
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Shares of United Airlines Holdings (NASDAQ: UAL) and Spirit Airlines (NYSE: SAVE) both jumped more than 8% at the open Monday, and shares of Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines Group (NASDAQ: AAL), and JetBlue Airways (NASDAQ: JBLU) all jumped 5% or more. The industry rallied last week following Pfizer's announcement that its vaccine candidate prevented more than 90% of infections, and the stocks are doing the same today after Moderna announced its vaccine has an even higher efficacy rate. While any one successful vaccine would mark progress in the fight against COVID-19, the idea that there are now two seemingly effective vaccines improves the odds that at least one will clear final regulatory scrutiny and a rollout of doses will soon follow.
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Shares of United Airlines Holdings (NASDAQ: UAL) and Spirit Airlines (NYSE: SAVE) both jumped more than 8% at the open Monday, and shares of Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines Group (NASDAQ: AAL), and JetBlue Airways (NASDAQ: JBLU) all jumped 5% or more. The industry rallied last week following Pfizer's announcement that its vaccine candidate prevented more than 90% of infections, and the stocks are doing the same today after Moderna announced its vaccine has an even higher efficacy rate. While any one successful vaccine would mark progress in the fight against COVID-19, the idea that there are now two seemingly effective vaccines improves the odds that at least one will clear final regulatory scrutiny and a rollout of doses will soon follow.
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Shares of United Airlines Holdings (NASDAQ: UAL) and Spirit Airlines (NYSE: SAVE) both jumped more than 8% at the open Monday, and shares of Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines Group (NASDAQ: AAL), and JetBlue Airways (NASDAQ: JBLU) all jumped 5% or more. What happened Airline stocks are flying higher for the second Monday in a row, and the explanation for today's jump is similar to last week's. This time it was Moderna out with good news concerning a COVID-19 vaccine candidate, which means the odds are improving that we're nearing the beginning of the end of the pandemic.
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5038.0
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2020-11-14 00:00:00 UTC
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A Coronavirus Vaccine Is Coming: Is Now the Time to Buy Airline Stocks?
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AAL
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https://www.nasdaq.com/articles/a-coronavirus-vaccine-is-coming%3A-is-now-the-time-to-buy-airline-stocks-2020-11-14
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Airline sector stocks got a much-needed shot in the arm on Monday when Pfizer and BioNTech announced strong interim efficacy results from the phase 3 trial of their coronavirus vaccine candidate. The COVID-19 pandemic has crippled airlines, and it's hard to make a case for the travel industry recovering until this health crisis is brought under control.
In that sense, it's understandable that investors bid up airline shares after the drugmakers' announcement. But even after that surge, most airline stocks are still way down for the year, and with good reason.
Airline data by YCharts
Here's a look at how the latest vaccine news changes the outlook for the airline industry, and whether now is the time to buy into a vaccine-fueled airline rally.
There will be no quick recovery
At best, the approval of an effective coronavirus vaccine will mark the end of the beginning of this crisis for airlines. Infectious disease expert Dr. Anthony Fauci told CNN this week he believes a vaccine could be widely available by next April. But even if it is, the world will be dealing with the pandemic and its aftermath through 2021 and perhaps beyond.
Many large employers have told those employees who can work remotely to stay home through spring 2021, and on-site sales calls have largely been replaced by video meetings. It remains to be seen to what degree those changes in business culture will be permanent, but even if they ultimately prove ephemeral, organizations are unlikely to revert back to their pre-pandemic ways quickly.
Therefore, airlines likely won't see passenger traffic volumes return to their 2019 levels until 2023 or 2024. And the airlines will have a difficult time regaining altitude even as sales start to normalize. The industry has taken on about $50 billion in new debt in 2020; it will take carriers years of nursing their balance sheets back to health before they can start thinking seriously again about allocating capital to growth or returning cash to shareholders.
But airlines will likely see improvements with each step
It's worth noting that the airlines' survival odds go up with every incremental improvement, so this week's hopeful vaccine news does boost the chances that the U.S. segment of the industry will escape this crisis without significant bankruptcy filings.
No carrier is making money now, and some of the bigger ones burned through upwards of $40 million per day in the third quarter. Most of their efforts to stem the bleeding have been focused on the cost side of the equation, since that's the only part they can control.
But obviously, any increase in revenue would also help reduce those losses. And I think human nature could lead to an improving revenue picture even before the vaccine is rolled out.
Image source: Getty Images.
United Airlines Holdings (NASDAQ: UAL) said recently that more than half of its current customers are booking their travel less than 30 days before departure. That makes sense, given the uncertainty engendered by the pandemic, but that lack of advanced sales also means less cash coming in today.
The psychological impact of Pfizer's announcement is that for the first time since early spring, people can now see a light at the end of the tunnel. I believe that will lead to an uptick in trip planning, and a pull-forward of some much-needed revenue for airlines. Assuming the vaccine progresses as hoped, passenger carriers are likely to see a rebound in bookings well before the vaccine is widely distributed, which would improve their cash position.
Is now time to buy airline stocks?
The best-case scenario for airlines is that Dr. Fauci's timeline is correct and the majority of the U.S. population will have the ability to get vaccinated in time for the summer travel season. Given the life disruptions over the past year, I believe there is significant pent-up demand for vacation and leisure travel. If so, it's possible airlines will be ramping up operations and filling planes by the middle of next year.
That said, it is hard to imagine the more lucrative segments, including international and business travel, will be back to anything close to normal in 2021. If those segments do take longer to revive, even under the bullish scenario, for the next year or two at least, airlines may bring in enough revenue to pay the bills, but not enough to return to pre-pandemic levels of profitability.
And in anything less than the best-case scenario -- for example, if there's an unexpected issue with a vaccine or a post-pandemic recession -- the outcomes would be much worse for airlines.
For those interested in buying in, it would be best to focus on top operators including Southwest Airlines (NYSE: LUV) and Delta Air Lines (NYSE: DAL), which have the highest odds of survival no matter what comes. American Airlines Group (NASDAQ: AAL), with its industry-high debt load, and Hawaiian Holdings (NASDAQ: HA), with a niche network that will likely experience a significant increase in competition since Hawaii is one of the few domestic tourist destinations that skews toward higher-margin flights, are riskier bets.
Given the risks and uncertainty, as well as the long timeline for a recovery, it would be best for investors to limit their airline holdings to occupying only a small part of a well-diversified portfolio. But if aviation does eventually return, some of these airline stocks will look in retrospect like bargains at today's prices. And based on the vaccine news this week, the best-case scenario is on track to become reality.
10 stocks we like better than Southwest Airlines
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 Southwest Airlines wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 20, 2020
Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of and recommends Zoom Video Communications. 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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American Airlines Group (NASDAQ: AAL), with its industry-high debt load, and Hawaiian Holdings (NASDAQ: HA), with a niche network that will likely experience a significant increase in competition since Hawaii is one of the few domestic tourist destinations that skews toward higher-margin flights, are riskier bets. Airline sector stocks got a much-needed shot in the arm on Monday when Pfizer and BioNTech announced strong interim efficacy results from the phase 3 trial of their coronavirus vaccine candidate. The industry has taken on about $50 billion in new debt in 2020; it will take carriers years of nursing their balance sheets back to health before they can start thinking seriously again about allocating capital to growth or returning cash to shareholders.
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American Airlines Group (NASDAQ: AAL), with its industry-high debt load, and Hawaiian Holdings (NASDAQ: HA), with a niche network that will likely experience a significant increase in competition since Hawaii is one of the few domestic tourist destinations that skews toward higher-margin flights, are riskier bets. For those interested in buying in, it would be best to focus on top operators including Southwest Airlines (NYSE: LUV) and Delta Air Lines (NYSE: DAL), which have the highest odds of survival no matter what comes. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.
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American Airlines Group (NASDAQ: AAL), with its industry-high debt load, and Hawaiian Holdings (NASDAQ: HA), with a niche network that will likely experience a significant increase in competition since Hawaii is one of the few domestic tourist destinations that skews toward higher-margin flights, are riskier bets. Airline data by YCharts Here's a look at how the latest vaccine news changes the outlook for the airline industry, and whether now is the time to buy into a vaccine-fueled airline rally. But airlines will likely see improvements with each step It's worth noting that the airlines' survival odds go up with every incremental improvement, so this week's hopeful vaccine news does boost the chances that the U.S. segment of the industry will escape this crisis without significant bankruptcy filings.
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American Airlines Group (NASDAQ: AAL), with its industry-high debt load, and Hawaiian Holdings (NASDAQ: HA), with a niche network that will likely experience a significant increase in competition since Hawaii is one of the few domestic tourist destinations that skews toward higher-margin flights, are riskier bets. Is now time to buy airline stocks? That's right -- they think these 10 stocks are even better buys.
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5039.0
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2020-11-14 00:00:00 UTC
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3 Dangerous Trends Robinhood Investors Are Chasing
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AAL
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https://www.nasdaq.com/articles/3-dangerous-trends-robinhood-investors-are-chasing-2020-11-14
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When the curtain closes on 2020 in less than seven weeks, it's bound to go down as one of the most volatile years on record for Wall Street.
For instance, the 124-year-old Dow Jones Industrial Average registered 14 of its 16 largest single-day point declines in history this year, with the broad-based S&P 500 losing 34% of its value in just 33 calendar days during the first quarter. Even though the S&P 500's loss has been completely recouped (and then some), it's remained a challenging year for investors.
Image source: Getty Images.
This heightened volatility has also attracted young investors who believe they can use the wild swings in the stock market to get rich quick. Online investing app Robinhood has signed up millions of millennial and novice investors this year. The average age of its users is only 31.
Robinhood draws users with its commission-free platform, gifts of shares to new members, and fractional-share investing. Getting millennials excited about putting their money to work is good. The earlier they start, the more time they have to build wealth.
But Robinhood has failed to educate its users about the benefits of long-term investing. Robinhood's user base often chases short-term news or downright awful companies.
It's no secret that Robinhood investors love growth stocks and beaten-down brand-name companies. Unfortunately, their inexperience has led them to chase after three especially risky investing trends.
Image source: Getty Images.
COVID-19 vaccine stocks
Robinhood investors really love the idea of buying into coronavirus disease 2019 (COVID-19) vaccine developers. Among the 100 most-held stocks on the platform, you'll find the likes of Moderna (NASDAQ: MRNA), Johnson & Johnson, Pfizer (NYSE: PFE), Inovio Pharmaceuticals, Gilead Sciences, and iBio.
Earlier this past week, Pfizer and its development partner BioNTech dazzled Wall Street with the interim analysis of its phase 3 trial for BNT162b2 as a vaccine for SARS-CoV-2, the virus that causes COVID-19. This analysis showed that BNT162b2 is more than 90% effective. This result blew even the most aggressive expectations out of the water and appeared to validate Robinhood investors' love for COVID-19 stocks.
But chasing after COVID-19 vaccine stocks can prove hazardous to your wealth for a variety of reasons.
Important data from Pfizer's interim analysis is still unknown. Also, fewer than 2 in 5 experimental vaccines are successful in clinical trials. We're likely to see a majority of the roughly two dozen COVID-19 vaccines in development fail to reach meaningful efficacy.
Even if vaccine developers succeed in clinical trials, financial success remains far from assured. This is a highly competitive space; in many instances, valuation premiums are baked into COVID-19 vaccine stocks. For example, Moderna was the first to begin testing its vaccine candidate, mRNA-1273, in human clinical trials. If its vaccine is approved and generates, say, $4 billion a year, Moderna would be valued at over 7 times peak sales, which is pretty expensive for a biotech stock.
The reality is that there are dozens of more intriguing indications for Robinhood investors to buy into besides COVID-19 vaccines.
Image source: Getty Images.
Airlines
Since young investors have time on their side, growth stocks are typically their friends. Peruse Robinhood's leaderboard, however, and you'll find that it's littered with slow-growing airline stocks like American Airlines Group (NASDAQ: AAL), Delta Air Lines, Southwest Airlines, United Airlines, Spirit Airlines, and JetBlue Airways.
Why airline stocks? My belief is young investors are attracted to their pulverized share prices. Additionally, the airline industry is cyclical, meaning it does quite well when the U.S. and global economy are expanding. Since periods of economic expansion last considerably longer than contractions and recessions, the airline industry might seem like a smart bet based on the numbers.
Unfortunately, this thesis fails time and again, with airline stocks proving to be toxic to investment portfolios. This is an industry with high capital inputs and margins that are mediocre at best -- assuming the economy is chugging along on all cylinders. Airline balance sheets, especially for major players like American Airlines, are rarely built for prolonged periods of economic contraction or recession.
Worse, quite a few airline stocks were forced to seek COVID-19 relief loans from the federal government. Companies that chose to take this added liquidity (ahem, American Airlines) can no longer repurchase their own stock or pay shareholders a dividend. Airlines' capital return programs were perhaps the only valid reason to even consider the industry for investment.
If you need more convincing, American Airlines is lugging around over $41 billion in total debt. Servicing that debt will hamper the company's financial flexibility for many years.
Airline stocks are a one-way ticket to a grounded portfolio.
Image source: Getty Images.
Marijuana
Robinhood investors are also playing with fire by chasing marijuana stocks.
There's a very good chance that cannabis will be one of the fastest-growing industries this decade, which makes pot stocks intriguing opportunities. Yet there's a big difference between investing in the U.S. marijuana market and in Canada's legalized pot industry. Weed is federally illegal in the U.S., but it's thriving at the individual state level. Meanwhile, Canada has legalized recreational pot, yet its industry is a regulatory mess. Investors should park their money in the U.S.
The problem? Robinhood has a fatal flaw: Its members can't buy over-the-counter (OTC)-listed stocks. Since U.S.-based marijuana stocks can't list on major U.S. exchanges, nearly all of the best investment opportunities in cannabis are on the OTC exchange.
Meanwhile, all the terribly performing Canadian pot stocks appear in the 100 most-held stocks by Robinhood users. These include Aurora Cannabis (NYSE: ACB), Canopy Growth, Tilray, Aphria, HEXO, Cronos Group, and OrganiGram.
Let me explain what Robinhood investors are getting themselves into by chasing the likes of Aurora Cannabis. Aurora Cannabis wrote down more than $2.8 billion Canadian in fiscal 2020 after grossly overpaying for a number of acquisitions and overextending its production capacity. The company has also ballooned its outstanding share count by 11,800% since June 2014, and its board recently approved a $500 million at-the-market offering that'll allow it to continue drowning its shareholders in new issuances.
The marijuana universe that Robinhood investors can buy is downright dangerous.
10 stocks we like better than Aurora Cannabis Inc.
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 Aurora Cannabis Inc. 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 October 20, 2020
Sean Williams has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Gilead Sciences and OrganiGram Holdings. The Motley Fool owns shares of Spirit Airlines. The Motley Fool recommends Delta Air Lines, HEXO, JetBlue Airways, Johnson & Johnson, 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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Peruse Robinhood's leaderboard, however, and you'll find that it's littered with slow-growing airline stocks like American Airlines Group (NASDAQ: AAL), Delta Air Lines, Southwest Airlines, United Airlines, Spirit Airlines, and JetBlue Airways. For instance, the 124-year-old Dow Jones Industrial Average registered 14 of its 16 largest single-day point declines in history this year, with the broad-based S&P 500 losing 34% of its value in just 33 calendar days during the first quarter. Earlier this past week, Pfizer and its development partner BioNTech dazzled Wall Street with the interim analysis of its phase 3 trial for BNT162b2 as a vaccine for SARS-CoV-2, the virus that causes COVID-19.
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Peruse Robinhood's leaderboard, however, and you'll find that it's littered with slow-growing airline stocks like American Airlines Group (NASDAQ: AAL), Delta Air Lines, Southwest Airlines, United Airlines, Spirit Airlines, and JetBlue Airways. Among the 100 most-held stocks on the platform, you'll find the likes of Moderna (NASDAQ: MRNA), Johnson & Johnson, Pfizer (NYSE: PFE), Inovio Pharmaceuticals, Gilead Sciences, and iBio. The Motley Fool recommends Delta Air Lines, HEXO, JetBlue Airways, Johnson & Johnson, and Southwest Airlines.
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Peruse Robinhood's leaderboard, however, and you'll find that it's littered with slow-growing airline stocks like American Airlines Group (NASDAQ: AAL), Delta Air Lines, Southwest Airlines, United Airlines, Spirit Airlines, and JetBlue Airways. COVID-19 vaccine stocks Robinhood investors really love the idea of buying into coronavirus disease 2019 (COVID-19) vaccine developers. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Sean Williams has no position in any of the stocks mentioned.
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Peruse Robinhood's leaderboard, however, and you'll find that it's littered with slow-growing airline stocks like American Airlines Group (NASDAQ: AAL), Delta Air Lines, Southwest Airlines, United Airlines, Spirit Airlines, and JetBlue Airways. COVID-19 vaccine stocks Robinhood investors really love the idea of buying into coronavirus disease 2019 (COVID-19) vaccine developers. Why airline stocks?
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5040.0
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2020-11-13 00:00:00 UTC
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Why Airline Stocks Flew Higher on Friday
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AAL
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https://www.nasdaq.com/articles/why-airline-stocks-flew-higher-on-friday-2020-11-13
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nan
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nan
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What happened
On Friday, airline stocks finished one of their most volatile weeks since the beginning of the pandemic on a high note, with industry shares gaining elevation on a strong day for the broader markets. The industry right now is caught between short-term concerns and long-term hope, and that's causing a lot of turbulence in the markets.
Spirit Airlines (NYSE: SAVE) led the pack, up 8.9% for the day, with Hawaiian Holdings (NASDAQ: HA) up 8.7%, Delta Air Lines (NYSE: DAL) up 6.1%, and United Airlines Holdings (NASDAQ: UAL), Alaska Air Group (NYSE: ALK), and JetBlue Airways (NASDAQ: JBLU) all up more than 5%. Southwest Airlines (NYSE: LUV) and American Airlines Group (NASDAQ: AAL) were both up more than 4%.
So what
Airline stocks were among the big winners following Pfizer's Monday announcement that it is making progress toward a coronavirus vaccine. The industry has been among the hardest hit by the pandemic, and a vaccine is a key to making any sort of a bull case for the airlines.
But that enthusiasm was tested as the week went on. Airlines fell big on Wednesday and again on Thursday as the number of new cases spiked higher, and states and large cities began talking about reinstating lockdowns. Southwest did little to help matters, warning that the modest pick-up in demand it had seen in the summer has decelerated.
Image source: Getty Images.
Friday was once again a risk-on day for the markets, fueled by an announcement from the White House that there would be an update on the vaccine development. Friday, like Monday, saw investors favor stocks that have underperformed during the pandemic but should recover once it is in the rearview mirror. That includes airline stocks.
Some on Wall Street are trying to pick winners and losers among the airlines in a recovery. Exane BNP Paribas initiated coverage on the sector on Friday, with Delta and Southwest starting with outperform ratings, American at neutral, and United and JetBlue as underperform.
Now what
Away from the daily ups and downs, it was a good week for the airlines. The stocks are all up between 34% and 6.5% for the week, easily outpacing the S&P 500's 2.16% gain. As important, as said above, the vaccine developments provide at least a glimmer of hope.
Airlines data by YCharts.
The good news is that the entire industry still has plenty of cash to counter losses, so if there are no setbacks in vaccine development, publicly traded U.S. airlines should be able to survive the crisis without any failures. The bad news is that even with the vaccine progress, it will still likely be midyear 2021 before people start flying again, at the earliest. And we could need until 2024 before travel demand returns to pre-pandemic levels.
For those interested in buying in and waiting out a recovery, I think BNP Paribas is largely correct in its recommendations. Delta and Southwest are the top operators in the industry, and should be able to survive whatever comes their way in the years to come. Even assuming some of these other carriers survive, it's much harder to see how the likes of American or United can regain altitude ahead of the pack.
10 stocks we like better than Delta Air Lines
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*Stock Advisor returns as of October 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 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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Southwest Airlines (NYSE: LUV) and American Airlines Group (NASDAQ: AAL) were both up more than 4%. What happened On Friday, airline stocks finished one of their most volatile weeks since the beginning of the pandemic on a high note, with industry shares gaining elevation on a strong day for the broader markets. Exane BNP Paribas initiated coverage on the sector on Friday, with Delta and Southwest starting with outperform ratings, American at neutral, and United and JetBlue as underperform.
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Southwest Airlines (NYSE: LUV) and American Airlines Group (NASDAQ: AAL) were both up more than 4%. Spirit Airlines (NYSE: SAVE) led the pack, up 8.9% for the day, with Hawaiian Holdings (NASDAQ: HA) up 8.7%, Delta Air Lines (NYSE: DAL) up 6.1%, and United Airlines Holdings (NASDAQ: UAL), Alaska Air Group (NYSE: ALK), and JetBlue Airways (NASDAQ: JBLU) all up more than 5%. The Motley Fool recommends Alaska Air Group, Delta Air Lines, Hawaiian Holdings, JetBlue Airways, and Southwest Airlines.
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Southwest Airlines (NYSE: LUV) and American Airlines Group (NASDAQ: AAL) were both up more than 4%. Spirit Airlines (NYSE: SAVE) led the pack, up 8.9% for the day, with Hawaiian Holdings (NASDAQ: HA) up 8.7%, Delta Air Lines (NYSE: DAL) up 6.1%, and United Airlines Holdings (NASDAQ: UAL), Alaska Air Group (NYSE: ALK), and JetBlue Airways (NASDAQ: JBLU) all up more than 5%. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.
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Southwest Airlines (NYSE: LUV) and American Airlines Group (NASDAQ: AAL) were both up more than 4%. So what Airline stocks were among the big winners following Pfizer's Monday announcement that it is making progress toward a coronavirus vaccine. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.
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5041.0
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2020-11-13 00:00:00 UTC
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American Airlines Launching App To Facilitate Coroavirus Testing Verification
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AAL
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https://www.nasdaq.com/articles/american-airlines-launching-app-to-facilitate-coroavirus-testing-verification-2020-11-13
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(RTTNews) - American Airlines (AAL) are set to launch an app that will help customers to streamline travel requirements due to COVID-19 restrictions.
American Airlines will begin offering its mobile app called VeriFLY to customers, which will help travelers easily understand coronavirus testing and documentation requirements for their destination and streamline airport check-in through a digital verification to ensure that customers have completed the requirements.
"Piloting this new solution is a direct response to our customers' increasing desire to explore more international travel opportunities," said Robert Isom, President of American Airlines. "The app will help us deliver a more seamless travel experience as we support demand return and put customers' minds at ease that they are fully prepared for their trip."
After verifying that the traveler's data matches the country's requirements, the app displays either a pass or a fail message.
American Airlines had earlier this month extended its preflight coronavirus testing to more destinations. It had begun the testing for flights to some international routes a month ago in a bid to prepare for opening up international travel.
The views and 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) are set to launch an app that will help customers to streamline travel requirements due to COVID-19 restrictions. "Piloting this new solution is a direct response to our customers' increasing desire to explore more international travel opportunities," said Robert Isom, President of American Airlines. "The app will help us deliver a more seamless travel experience as we support demand return and put customers' minds at ease that they are fully prepared for their trip."
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(RTTNews) - American Airlines (AAL) are set to launch an app that will help customers to streamline travel requirements due to COVID-19 restrictions. American Airlines will begin offering its mobile app called VeriFLY to customers, which will help travelers easily understand coronavirus testing and documentation requirements for their destination and streamline airport check-in through a digital verification to ensure that customers have completed the requirements. American Airlines had earlier this month extended its preflight coronavirus testing to more destinations.
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(RTTNews) - American Airlines (AAL) are set to launch an app that will help customers to streamline travel requirements due to COVID-19 restrictions. American Airlines will begin offering its mobile app called VeriFLY to customers, which will help travelers easily understand coronavirus testing and documentation requirements for their destination and streamline airport check-in through a digital verification to ensure that customers have completed the requirements. "Piloting this new solution is a direct response to our customers' increasing desire to explore more international travel opportunities," said Robert Isom, President of American Airlines.
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(RTTNews) - American Airlines (AAL) are set to launch an app that will help customers to streamline travel requirements due to COVID-19 restrictions. American Airlines will begin offering its mobile app called VeriFLY to customers, which will help travelers easily understand coronavirus testing and documentation requirements for their destination and streamline airport check-in through a digital verification to ensure that customers have completed the requirements. "Piloting this new solution is a direct response to our customers' increasing desire to explore more international travel opportunities," said Robert Isom, President of American Airlines.
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5042.0
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2020-11-13 00:00:00 UTC
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Pre-Market Most Active for Nov 13, 2020 : NIO, LI, XPEV, PLTR, DKNG, ACB, FSR, VIPS, AAL, SQQQ, AAPL, KNDI
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-13-2020-%3A-nio-li-xpev-pltr-dkng-acb-fsr-vips-aal-sqqq-aapl
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The NASDAQ 100 Pre-Market Indicator is up 74.94 to 11,902.08. The total Pre-Market volume is currently 36,377,867 shares traded.
The following are the most active stocks for the pre-market session:
NIO Inc. (NIO) is +3.9201 at $52.22, with 11,312,394 shares traded.NIO is scheduled to provide an earnings report on 11/17/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -0.17 per share, which represents a -33 percent increase over the EPS one Year Ago
Li Auto Inc. (LI) is +7.96 at $39.74, with 10,943,553 shares traded. GlobeNewswire Reports: Li Auto Inc. Announces Unaudited Third Quarter 2020 Financial Results
XPeng Inc. (XPEV) is +3.27 at $48.00, with 5,285,254 shares traded., following a 52-week high recorded in prior regular session.
Palantir Technologies Inc. (PLTR) is -0.22 at $14.36, with 2,603,720 shares traded. PLTR's current last sale is 119.67% of the target price of $12.
DraftKings Inc. (DKNG) is +4.67 at $45.92, with 2,291,204 shares traded. GlobeNewswire Reports: DraftKings Reports Third Quarter Results and Raises 2020 Revenue Guidance
Aurora Cannabis Inc. (ACB) is +0.37 at $7.36, with 1,717,619 shares traded. ACB's current last sale is 81.78% of the target price of $9.
Fisker Inc. (FSR) is +1.76 at $16.77, with 1,231,057 shares traded. As reported by Zacks, the current mean recommendation for FSR is in the "strong buy range".
Vipshop Holdings Limited (VIPS) is +1.6 at $23.75, with 1,039,769 shares traded. PR Newswire Reports: Vipshop Reports Unaudited Third Quarter 2020 Financial Results
American Airlines Group, Inc. (AAL) is +0.19 at $11.93, with 727,730 shares traded. AAL's current last sale is 119.3% of the target price of $10.
ProShares UltraPro Short QQQ (SQQQ) is -0.41 at $19.49, with 725,974 shares traded. This represents a 8.4% increase from its 52 Week Low.
Apple Inc. (AAPL) is +0.54 at $119.75, with 610,960 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $1.39. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Kandi Technologies Group, Inc. (KNDI) is +0.5 at $7.42, with 599,939 shares traded. KNDI's current last sale is 61.83% of the target price of $12.
The views and 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 $11.93, with 727,730 shares traded. AAL's current last sale is 119.3% of the target price of $10. XPeng Inc. (XPEV) is +3.27 at $48.00, with 5,285,254 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 $11.93, with 727,730 shares traded. AAL's current last sale is 119.3% of the target price of $10. The consensus earnings per share forecast is -0.17 per share, which represents a -33 percent increase over the EPS one Year Ago
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American Airlines Group, Inc. (AAL) is +0.19 at $11.93, with 727,730 shares traded. AAL's current last sale is 119.3% of the target price of $10. NIO Inc. (NIO) is +3.9201 at $52.22, with 11,312,394 shares traded.NIO is scheduled to provide an earnings report on 11/17/2020, for the fiscal quarter ending Sep2020.
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American Airlines Group, Inc. (AAL) is +0.19 at $11.93, with 727,730 shares traded. AAL's current last sale is 119.3% of the target price of $10. GlobeNewswire Reports: DraftKings Reports Third Quarter Results and Raises 2020 Revenue Guidance
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5043.0
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2020-11-13 00:00:00 UTC
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American Airlines' Stock Sales: Good News, Just Not for Shareholders
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AAL
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https://www.nasdaq.com/articles/american-airlines-stock-sales%3A-good-news-just-not-for-shareholders-2020-11-13
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Airline stocks rallied on Monday, as promising news about the efficacy of a COVID-19 vaccine candidate made investors more confident that the pandemic can be brought under control in 2021. American Airlines (NASDAQ: AAL) quickly filed for a secondary stock offering, seeking to capitalize on a 15% jump in its stock price on Monday.
This is a sensible move, given how weak the company's balance sheet is. However, shareholders are suffering so much dilution that it will severely limit the long-term upside of owning American Airlines stock.
American Airlines' share count moves higher
At the end of 2019, there were approximately 428 million shares of American Airlines stock outstanding, down from 756 million in late 2013, immediately following the US Airways merger. Indeed, American Airlines spent more than $12 billion on stock buybacks between 2014 and 2019 in a misguided attempt to prop up the stock price despite deteriorating business fundamentals.
American Airlines Stock Buybacks (Annual), data by YCharts.
American Airlines stock has languished in recent years despite these buybacks. Now, the company has been forced to reissue stock at much lower prices to help cover the cash it has burned in 2020.
In late June, American Airlines issued just over 85 million shares at $13.50 per share, raising $1.15 billion before expenses. This increased its share count to 509 million by midyear.
It came back for more last month, announcing an at-the-market (ATM) offering for up to $1 billion of shares in conjunction with its third-quarter earnings report. So far, it has raised just over $700 million from that program, issuing nearly 58 million shares at an average price of $12.13. That brought its share count to 567 million.
Lining up another offering
Early Tuesday morning, American Airlines announced that it planned to sell another 38.5 million shares of stock. The offering has reportedly priced at $13 per share, 1.5% below American Airlines stock's Monday closing price but 8% above its Wednesday closing price of $12.04. This would put the gross offering proceeds right around $500 million.
Including a standard 15% overallotment option, American Airlines could issue more than 44 million shares in this offering. And while it must pause the ATM offering for a month, it'll be allowed to resume that program on Dec. 10. Based on American Airlines stock's recent trading price, it would issue nearly 25 million additional shares if it maxes out the ATM offering. All told, American Airlines is on track to end 2020 with up to 636 million outstanding shares -- and a minimum of 605 million, up more than 40% year over year.
Image source: American Airlines.
Forfeiting upside
American Airlines entered 2020 with the weakest balance sheet of any major airline, so it doesn't have any good alternatives to raising capital through dilutive stock sales. From the perspective of ensuring the company's survival, every dollar raised by selling stock helps as it provides extra liquidity and reduces the need to raise debt. However, it comes at a heavy cost for existing shareholders.
Assuming the maximum share issuances under its ATM program and equity offering, American would exit 2020 with 49% more shares than it had at the beginning of the year, while raising just $2.7 billion for its trouble. For perspective, American Airlines reported average daily cash burn of $44 million last quarter, roughly $4 billion for the quarter, as a whole.
Thus, American Airlines will end the year with an even more bloated debt load than it had at the beginning of 2020. With the exception of government-subsidized loans, American had to offer double-digit coupon rates for most of its recent debt issuances. That will weigh on cash flow in the years ahead, aggravating what will likely be a slow post-pandemic recovery for the airline industry and reducing the company's value.
Even in a bullish recovery scenario, American Airlines stock is unlikely to return to 2019 levels due to a big increase in the share count. (In addition to the share issuances described above, the company has issued warrants and convertible debt that will further dilute shareholders if the stock rises.) With plenty of downside if business recovers slowly and limited long-term upside due to a high debt load and massive shareholder dilution, American Airlines stock continues to look unattractive.
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. 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 American Airlines Group 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 October 20, 2020
Adam Levine-Weinberg 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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American Airlines (NASDAQ: AAL) quickly filed for a secondary stock offering, seeking to capitalize on a 15% jump in its stock price on Monday. Airline stocks rallied on Monday, as promising news about the efficacy of a COVID-19 vaccine candidate made investors more confident that the pandemic can be brought under control in 2021. Based on American Airlines stock's recent trading price, it would issue nearly 25 million additional shares if it maxes out the ATM offering.
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American Airlines (NASDAQ: AAL) quickly filed for a secondary stock offering, seeking to capitalize on a 15% jump in its stock price on Monday. The offering has reportedly priced at $13 per share, 1.5% below American Airlines stock's Monday closing price but 8% above its Wednesday closing price of $12.04. For perspective, American Airlines reported average daily cash burn of $44 million last quarter, roughly $4 billion for the quarter, as a whole.
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American Airlines (NASDAQ: AAL) quickly filed for a secondary stock offering, seeking to capitalize on a 15% jump in its stock price on Monday. American Airlines' share count moves higher At the end of 2019, there were approximately 428 million shares of American Airlines stock outstanding, down from 756 million in late 2013, immediately following the US Airways merger. The offering has reportedly priced at $13 per share, 1.5% below American Airlines stock's Monday closing price but 8% above its Wednesday closing price of $12.04.
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American Airlines (NASDAQ: AAL) quickly filed for a secondary stock offering, seeking to capitalize on a 15% jump in its stock price on Monday. So far, it has raised just over $700 million from that program, issuing nearly 58 million shares at an average price of $12.13. Based on American Airlines stock's recent trading price, it would issue nearly 25 million additional shares if it maxes out the ATM offering.
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5044.0
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2020-11-12 00:00:00 UTC
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U.S. airlines caution on winter challenges as COVID-19 cases rise
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AAL
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https://www.nasdaq.com/articles/u.s.-airlines-caution-on-winter-challenges-as-covid-19-cases-rise-2020-11-12-0
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By Tracy Rucinski and David Shepardson
Nov 12 (Reuters) - Delta Air Lines DAL.N and Southwest Airlines LUV.N on Thursday cautioned that the recent surge in COVID-19 cases may have a negative impact on travel over the winter holidays, a period the sector had hoped would see improved bookings.
The United States on Wednesday reported new COVID-19 infections reached an all-time daily high for a second day in a row and the number of people hospitalized also surged to the highest ever during the pandemic.
"With the U.S. hitting a grim milestone of 10 million positive cases and outbreaks in Europe and other parts of the world, all signs point to a challenging winter ahead," Delta Chief Executive Ed Bastian said in a memo.
The U.S. Transportation Department said the country's airlines carried 65% fewer passengers in September versus the same month last year, the smallest decrease since March. Airlines say travel demand in November remains down 65%.
Airlines are making a renewed push for $25 billion in assistance after a $25 billion program of mostly cash grants for payroll approved by Congress in March expired on Sept. 30.
American Airlines AAL.O and United Airlines UAL.O last month furloughed 32,000 workers.
Talks between House and Senate committees overseeing airlines to hammer out language on more airline payroll assistance have resumed over the last week, but prospects for any immediate measure remain hazy.
"The situation in the industry is still dire," said Airlines for America Chief Executive Nick Calio, noting that the U.S. industry is losing about $180 million a day. He said airlines were hopeful that the current Congress would act before the end of the year.
Bank of America Merrill Lynch has said increasing vaccine availability through 2021 would help slow the industry's revenue decline to 47% in the first half of 2021 and to 19% by the end of next year versus pre-crisis levels.
"We have an operating plan next year that we believe we really should get all the aircraft up by the middle of the year," American Airlines CFO Derek Kerr said on Thursday, adding he expects the airline to stop burning cash some time in 2021.
"Now if we don't, what we'll do is not bring the planes up and we won't bring back the furloughs," he told an industry conference.
Low-cost carrier Southwest said an improvement in revenues had been losing steam in recent weeks, prompting caution about December trends.
"While the company expected the (Nov. 3 U.S.) election to impact trends, it is unclear whether the softness in booking trends is also a direct result of the recent rise in COVID-19 cases," Southwest said. "The company remains cautious in this uncertain revenue environment."
The COVID-19 pandemic brought travel to a near halt earlier in the year, forcing airlines to scale back operations and seek government aid.
(Reporting by Tracy Rucinski and David Shepardson Editing by Sonya Hepinstall)
((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 and United Airlines UAL.O last month furloughed 32,000 workers. By Tracy Rucinski and David Shepardson Nov 12 (Reuters) - Delta Air Lines DAL.N and Southwest Airlines LUV.N on Thursday cautioned that the recent surge in COVID-19 cases may have a negative impact on travel over the winter holidays, a period the sector had hoped would see improved bookings. The United States on Wednesday reported new COVID-19 infections reached an all-time daily high for a second day in a row and the number of people hospitalized also surged to the highest ever during the pandemic.
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American Airlines AAL.O and United Airlines UAL.O last month furloughed 32,000 workers. By Tracy Rucinski and David Shepardson Nov 12 (Reuters) - Delta Air Lines DAL.N and Southwest Airlines LUV.N on Thursday cautioned that the recent surge in COVID-19 cases may have a negative impact on travel over the winter holidays, a period the sector had hoped would see improved bookings. (Reporting by Tracy Rucinski and David Shepardson Editing by Sonya Hepinstall) ((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 and United Airlines UAL.O last month furloughed 32,000 workers. By Tracy Rucinski and David Shepardson Nov 12 (Reuters) - Delta Air Lines DAL.N and Southwest Airlines LUV.N on Thursday cautioned that the recent surge in COVID-19 cases may have a negative impact on travel over the winter holidays, a period the sector had hoped would see improved bookings. Talks between House and Senate committees overseeing airlines to hammer out language on more airline payroll assistance have resumed over the last week, but prospects for any immediate measure remain hazy.
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American Airlines AAL.O and United Airlines UAL.O last month furloughed 32,000 workers. By Tracy Rucinski and David Shepardson Nov 12 (Reuters) - Delta Air Lines DAL.N and Southwest Airlines LUV.N on Thursday cautioned that the recent surge in COVID-19 cases may have a negative impact on travel over the winter holidays, a period the sector had hoped would see improved bookings. "The situation in the industry is still dire," said Airlines for America Chief Executive Nick Calio, noting that the U.S. industry is losing about $180 million a day.
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5045.0
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2020-11-12 00:00:00 UTC
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JetBlue says will phase out seat blocks by early 2021
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AAL
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https://www.nasdaq.com/articles/jetblue-says-will-phase-out-seat-blocks-by-early-2021-2020-11-12
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By Tracy Rucinski
Nov 12 (Reuters) - JetBlue Airways JBLU.O is gradually removing seat blocks set up on its flights early in the pandemic, with all available seats up for sale after the holiday travel season, the budget carrier said on Thursday.
The decision, announced in a memo to employees, follows a growing number of studies including from the Harvard School of Public Health and the U.S. Department of Defense that validate the safety of the aircraft cabin, it said.
"Studies like the recent report from Harvard researchers confirm that the layers of protection we have in place make the aircraft as safe or substantially safer than other more common settings, like grocery shopping or indoor dining," JetBlue President Joanna Geraghty said.
The New York-based carrier will limit its onboard capacity to 85% between Dec. 2 and Jan. 7, up from the current 70% cap, allowing it to tap into extra demand over the holiday travel season while still providing extra space on planes.
Starting Jan. 8, in the low season, all seats will be available for sale, it said.
Low-cost rival Southwest Airlines LUV.N recently said it would stop blocking seats in December, putting it on par with larger rivals American Airlines AAL.O and United Airlines UAL.O which do not have any seating caps.
Delta Air Lines DAL.N has said it will continue restricting seating capacity through at least Jan. 6.
(Reporting by Tracy Rucinski; Editing by Richard Chang)
((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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Low-cost rival Southwest Airlines LUV.N recently said it would stop blocking seats in December, putting it on par with larger rivals American Airlines AAL.O and United Airlines UAL.O which do not have any seating caps. By Tracy Rucinski Nov 12 (Reuters) - JetBlue Airways JBLU.O is gradually removing seat blocks set up on its flights early in the pandemic, with all available seats up for sale after the holiday travel season, the budget carrier said on Thursday. The decision, announced in a memo to employees, follows a growing number of studies including from the Harvard School of Public Health and the U.S. Department of Defense that validate the safety of the aircraft cabin, it said.
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Low-cost rival Southwest Airlines LUV.N recently said it would stop blocking seats in December, putting it on par with larger rivals American Airlines AAL.O and United Airlines UAL.O which do not have any seating caps. By Tracy Rucinski Nov 12 (Reuters) - JetBlue Airways JBLU.O is gradually removing seat blocks set up on its flights early in the pandemic, with all available seats up for sale after the holiday travel season, the budget carrier said on Thursday. "Studies like the recent report from Harvard researchers confirm that the layers of protection we have in place make the aircraft as safe or substantially safer than other more common settings, like grocery shopping or indoor dining," JetBlue President Joanna Geraghty said.
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Low-cost rival Southwest Airlines LUV.N recently said it would stop blocking seats in December, putting it on par with larger rivals American Airlines AAL.O and United Airlines UAL.O which do not have any seating caps. By Tracy Rucinski Nov 12 (Reuters) - JetBlue Airways JBLU.O is gradually removing seat blocks set up on its flights early in the pandemic, with all available seats up for sale after the holiday travel season, the budget carrier said on Thursday. "Studies like the recent report from Harvard researchers confirm that the layers of protection we have in place make the aircraft as safe or substantially safer than other more common settings, like grocery shopping or indoor dining," JetBlue President Joanna Geraghty said.
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Low-cost rival Southwest Airlines LUV.N recently said it would stop blocking seats in December, putting it on par with larger rivals American Airlines AAL.O and United Airlines UAL.O which do not have any seating caps. By Tracy Rucinski Nov 12 (Reuters) - JetBlue Airways JBLU.O is gradually removing seat blocks set up on its flights early in the pandemic, with all available seats up for sale after the holiday travel season, the budget carrier said on Thursday. The decision, announced in a memo to employees, follows a growing number of studies including from the Harvard School of Public Health and the U.S. Department of Defense that validate the safety of the aircraft cabin, it said.
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5046.0
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2020-11-12 00:00:00 UTC
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US STOCKS-S&P futures muted as COVID-19 cases surge; tech stocks shine
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https://www.nasdaq.com/articles/us-stocks-sp-futures-muted-as-covid-19-cases-surge-tech-stocks-shine-2020-11-12
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By Medha Singh
Nov 12 (Reuters) - Futures tracking the S&P 500 were little changed on Thursday as U.S. coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while technology stocks headed higher for the second straight day.
Amazon.com Inc AMZN.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O, which are among stocks that have logged strong demand for their products and services in the work-from-home environment, rose about 0.5% each in premarket trading, while futures for the Nasdaq 100 NQcv1 were up 0.4%.
New coronavirus cases in the United States surged above 100,000 for an eighth consecutive day, with the situation expected to worsen as winter sets in. New York became the latest state to introduce social distancing restrictions on Wednesday.
American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and Royal Caribbean Cruises Ltd RCL.N, among companies dealt the hardest blow from the virus outbreak, fell between 1.0% and 2.3%.
Investors will keep an eye out for the Labor Department's report at 8:30 a.m. ET (1330 GMT), which is expected to show jobless claims fell slightly in the latest week, but the pace of job recovery slowed as fiscal stimulus waned.
Wall Street's three main indexes have climbed between 8% and 11% in less than two weeks on prospects of measured industry regulation from a potentially divided Congress, as well as an encouraging update from a late-stage coronavirus vaccine trial.
After markets close, Walt Disney Co DIS.N and networking gear maker Cisco Systems Inc CSCO.O are slated to report results.
At 06:15 a.m. ET, Dow E-minis 1YMcv1 were down 0.35% and S&P E-minis EScv1 fell 0.03%.
(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs))
The views and 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, United Airlines Holdings Inc UAL.O and Royal Caribbean Cruises Ltd RCL.N, among companies dealt the hardest blow from the virus outbreak, fell between 1.0% and 2.3%. By Medha Singh Nov 12 (Reuters) - Futures tracking the S&P 500 were little changed on Thursday as U.S. coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while technology stocks headed higher for the second straight day. Amazon.com Inc AMZN.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O, which are among stocks that have logged strong demand for their products and services in the work-from-home environment, rose about 0.5% each in premarket trading, while futures for the Nasdaq 100 NQcv1 were up 0.4%.
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American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and Royal Caribbean Cruises Ltd RCL.N, among companies dealt the hardest blow from the virus outbreak, fell between 1.0% and 2.3%. New coronavirus cases in the United States surged above 100,000 for an eighth consecutive day, with the situation expected to worsen as winter sets in. New York became the latest state to introduce social distancing restrictions on Wednesday.
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American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and Royal Caribbean Cruises Ltd RCL.N, among companies dealt the hardest blow from the virus outbreak, fell between 1.0% and 2.3%. By Medha Singh Nov 12 (Reuters) - Futures tracking the S&P 500 were little changed on Thursday as U.S. coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while technology stocks headed higher for the second straight day. ET (1330 GMT), which is expected to show jobless claims fell slightly in the latest week, but the pace of job recovery slowed as fiscal stimulus waned.
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American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and Royal Caribbean Cruises Ltd RCL.N, among companies dealt the hardest blow from the virus outbreak, fell between 1.0% and 2.3%. By Medha Singh Nov 12 (Reuters) - Futures tracking the S&P 500 were little changed on Thursday as U.S. coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while technology stocks headed higher for the second straight day. Amazon.com Inc AMZN.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O, which are among stocks that have logged strong demand for their products and services in the work-from-home environment, rose about 0.5% each in premarket trading, while futures for the Nasdaq 100 NQcv1 were up 0.4%.
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5047.0
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2020-11-12 00:00:00 UTC
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US STOCKS-Dow, S&P futures drop as COVID-19 cases surge; tech stocks inch higher
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AAL
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https://www.nasdaq.com/articles/us-stocks-dow-sp-futures-drop-as-covid-19-cases-surge-tech-stocks-inch-higher-2020-11-12
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By Medha Singh and Shivani Kumaresan
Nov 12 (Reuters) - Futures tracking the S&P 500 and Dow fell on Thursday as U.S. coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while some heavyweight technology stocks headed higher for the second straight day.
New York became the latest state to introduce social distancing restrictions on Wednesday, as new coronavirus cases in the United States surged above 100,000 for an eighth consecutive day.
Futures for the blue-chip Dow 1YMcv1 slipped 0.8% as industrial and financial companies sensitive to economic growth fell, with Boeing Co BA.N and JPMorgan Chase & Co JPM.N down about 2% each.
American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and Royal Caribbean Cruises Ltd RCL.N, among the hardest hit by the outbreak, fell between 1.7% and 4.2%.
"With several of the early November catalysts out of the way, the market does appear to be expressing concern with some of the near-term COVID trends," said Yousef Abbasi,global marketstrategist at StoneX Group Inc in New York.
Wall Street's three main indexes have climbed between 8% and 11% in less than two weeks on prospects of measured industry regulation from a potentially divided Congress, as well as an encouraging update from a late-stage coronavirus vaccine trial.
Meanwhile, a Labor Department report showed U.S. jobless claims fell to a seven-month low last week, but the pace of job recovery slowed as fiscal stimulus waned.
Amazon.com Inc AMZN.O, Netflix Inc NFLX.O and Microsoft Corp MSFT.O edged higher in premarket trading, set to add to gains from the previous session.
These companies, which have logged strong demand in the work-from-home environment, fell sharply earlier this week as investors rotated to value stocks on hopes of a faster economic rebound following positive vaccine data.
At 08:32 a.m. ET, Dow E-minis 1YMcv1 were down 0.84% and S&P 500 E-minis EScv1 were down 0.43%. Nasdaq 100 E-minis NQcv1 were up 0.16%.
Moderna Inc MRNA.O added 3.4% after the drugmaker said it had enough data for a first interim analysis of the late-stage trial of its experimental COVID-19 vaccine. It did not say when it plans to release the data.
After markets close, Walt Disney Co DIS.N and networking gear maker Cisco Systems Inc CSCO.O are slated to report results.
(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs))
The views and 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, United Airlines Holdings Inc UAL.O and Royal Caribbean Cruises Ltd RCL.N, among the hardest hit by the outbreak, fell between 1.7% and 4.2%. By Medha Singh and Shivani Kumaresan Nov 12 (Reuters) - Futures tracking the S&P 500 and Dow fell on Thursday as U.S. coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while some heavyweight technology stocks headed higher for the second straight day. Wall Street's three main indexes have climbed between 8% and 11% in less than two weeks on prospects of measured industry regulation from a potentially divided Congress, as well as an encouraging update from a late-stage coronavirus vaccine trial.
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American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and Royal Caribbean Cruises Ltd RCL.N, among the hardest hit by the outbreak, fell between 1.7% and 4.2%. By Medha Singh and Shivani Kumaresan Nov 12 (Reuters) - Futures tracking the S&P 500 and Dow fell on Thursday as U.S. coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while some heavyweight technology stocks headed higher for the second straight day. Wall Street's three main indexes have climbed between 8% and 11% in less than two weeks on prospects of measured industry regulation from a potentially divided Congress, as well as an encouraging update from a late-stage coronavirus vaccine trial.
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American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and Royal Caribbean Cruises Ltd RCL.N, among the hardest hit by the outbreak, fell between 1.7% and 4.2%. By Medha Singh and Shivani Kumaresan Nov 12 (Reuters) - Futures tracking the S&P 500 and Dow fell on Thursday as U.S. coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while some heavyweight technology stocks headed higher for the second straight day. These companies, which have logged strong demand in the work-from-home environment, fell sharply earlier this week as investors rotated to value stocks on hopes of a faster economic rebound following positive vaccine data.
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American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and Royal Caribbean Cruises Ltd RCL.N, among the hardest hit by the outbreak, fell between 1.7% and 4.2%. By Medha Singh and Shivani Kumaresan Nov 12 (Reuters) - Futures tracking the S&P 500 and Dow fell on Thursday as U.S. coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while some heavyweight technology stocks headed higher for the second straight day. Nasdaq 100 E-minis NQcv1 were up 0.16%.
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5048.0
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2020-11-11 00:00:00 UTC
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After Hours Most Active for Nov 11, 2020 : T, FCX, QQQ, ATUS, LYFT, INTC, KO, DISCA, MRO, AAL, XOM, KHC
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AAL
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https://www.nasdaq.com/articles/after-hours-most-active-for-nov-11-2020-%3A-t-fcx-qqq-atus-lyft-intc-ko-disca-mro-aal-xom
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The NASDAQ 100 After Hours Indicator is up 16.17 to 11,909.1. The total After hours volume is currently 64,101,959 shares traded.
The following are the most active stocks for the after hours session:
AT&T Inc. (T) is -0.25 at $28.48, with 5,681,412 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 $0.74. T's current last sale is 83.76% of the target price of $34.
Freeport-McMoran, Inc. (FCX) is +0.11 at $19.64, with 3,861,824 shares traded. As reported by Zacks, the current mean recommendation for FCX is in the "buy range".
Invesco QQQ Trust, Series 1 (QQQ) is +0.45 at $290.21, with 3,456,939 shares traded. This represents a 75.96% increase from its 52 Week Low.
Altice USA, Inc. (ATUS) is unchanged at $29.96, with 2,782,428 shares traded. As reported by Zacks, the current mean recommendation for ATUS is in the "buy range".
Lyft, Inc. (LYFT) is -0.06 at $36.35, with 2,397,785 shares traded. As reported by Zacks, the current mean recommendation for LYFT is in the "buy range".
Intel Corporation (INTC) is -0.1 at $46.25, with 1,913,665 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $1.1. INTC's current last sale is 83.33% of the target price of $55.5.
Coca-Cola Company (The) (KO) is unchanged at $53.58, with 1,772,530 shares traded. As reported by Zacks, the current mean recommendation for KO is in the "buy range".
Discovery, Inc. (DISCA) is unchanged at $22.44, with 1,751,290 shares traded. DISCA's current last sale is 86.31% of the target price of $26.
Marathon Oil Corporation (MRO) is -0.0098 at $5.06, with 1,698,518 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2021. The consensus EPS forecast is $-0.2. MRO's current last sale is 84.34% of the target price of $6.
American Airlines Group, Inc. (AAL) is +0.0302 at $12.07, with 1,691,868 shares traded. AAL's current last sale is 120.7% of the target price of $10.
Exxon Mobil Corporation (XOM) is unchanged at $36.48, with 1,477,049 shares traded. XOM's current last sale is 76% of the target price of $48.
The Kraft Heinz Company (KHC) is +0.12 at $31.47, with 1,241,228 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $0.73. As reported by Zacks, the current mean recommendation for KHC 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 +0.0302 at $12.07, with 1,691,868 shares traded. AAL's current last sale is 120.7% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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American Airlines Group, Inc. (AAL) is +0.0302 at $12.07, with 1,691,868 shares traded. AAL's current last sale is 120.7% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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American Airlines Group, Inc. (AAL) is +0.0302 at $12.07, with 1,691,868 shares traded. AAL's current last sale is 120.7% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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American Airlines Group, Inc. (AAL) is +0.0302 at $12.07, with 1,691,868 shares traded. AAL's current last sale is 120.7% of the target price of $10. The NASDAQ 100 After Hours Indicator is up 16.17 to 11,909.1.
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5049.0
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2020-11-11 00:00:00 UTC
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Top Cyclical Stocks To Watch With Further Gains Ahead After Promising Vaccine News
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AAL
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https://www.nasdaq.com/articles/top-cyclical-stocks-to-watch-with-further-gains-ahead-after-promising-vaccine-news-2020-11
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nan
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Investors Are Dumping Tech Stocks In Exchange For Cyclical Stocks; Should You Follow Suit?
Cyclical stocks have been on investors’ radar this week. The Dow Jones Industrial Average index continued climbing on Tuesday’s intraday trading while Nasdaq tumbled. Investors seem to be rebalancing their portfolio by going light on tech stocks and increasingly adding their positions into these top cyclical stocks. The question is, would it be wise to jump in?
“The leadership rotation away from technology and Fangs toward broader market plays including small caps, cyclical sectors and international stocks strengthened for a second consecutive day,” Jim Paulsen, chief investment strategist at the Leuthold Group.
Cyclical Stocks Continue To March Higher; Time To Buy?
So, what exactly is a cyclical stock? Cyclical stocks are known for following the cycles of an economy through expansion, peak, recession, or in today’s case, recovery. That said, cyclical businesses perform well during economic expansions but typically see sales and profits fall significantly during recessions and other rough economic times. For instance, American Airlines (AAL Stock Report) and General Motors are two examples of cyclical companies that would do well when the economy is in a recovery stage.
Every recession and economic downturn is different. A pandemic-induced recession is unprecedented in modern history. Industries such as travel and banking are a few examples of the battered industry during the coronavirus pandemic. However, because of the nature of the pandemic, top tech stocks have performed incredibly well. You see, many of them provide services online, which means that they actually benefited from the pandemic. But with Pfizer’s (PFE Stock Report) vaccine news, investors’ hope for a rebound in economic activity can be seen by the sell-off of tech stocks and the surge in cyclical stocks. With all that in mind, do you have a list of cyclical stocks to watch for more upside in the near-term?
Read More
Looking For The Best Stocks To Buy Now? 3 Epicenter Stocks To Watch
3 Top EV Stocks To Watch Right Now; 2 Started The Week On A Strong Note
Top Cyclical Stocks To Watch: General Motors
General Motors (GM Stock Report) is one of the top cyclical stocks to watch in the market right now. The legendary automaker’s stock price reached a new 52-week high on Tuesday. This came after UBS increased its 12-month price target for GM stock to $50 a share, implying a 22% potential upside. In a recent test by Consumer Reports, GM’s Super Cruise technology has outshined Tesla’s Autopilot, the latter finishing a “distant second”. GM may be an old dog in the industry, but this old dog can definitely learn and even master new tricks.
Don’t forget that the company has recently revealed the comeback of Hummer. And this time, it’s all-electric. The vehicle has a 350-mile range, 1,000 horsepower, and up to 11,500-pound-feet of torque. And with a starting price of $80,000, it’s easily twice the cost of a gas-powered pickup. Nevertheless, the resurrection of the legendary brand has certainly generated enough attention.
General Motors has an impressive lineup of EVs. The company’s Chevrolet Bolt and Chevrolet Volt are among the best selling EVs in the US. Both of the models are much more affordable compared to Tesla’s models. Meanwhile, the truck is expected to go into production late next year. GM’s diversified range of options would certainly be welcome news for customers. With the industry stalwart setting its sights on the future, will GM stocks continue to run up this year?
Top Cyclical Stocks To Watch: Kroger Inc.
Kroger (KR Stock Report) has evolved from just being a pure brick & mortar retailer to an omnichannel entity. The company is slated to report its third-quarter earnings on December 3. According to the U.S. Census Bureau, grocery store sales have surged 13% higher through the end of July. This bodes well with Kroger’s fiscal second-quarter report which saw a 127% jump in e-commerce revenue. The company expects the shift to online channels will be a “lasting and structural” change in its business model.
“Even before the pandemic, our digital business had become a tailwind”. “That pandemic certainly has accelerated customer preference for seamless offerings. Our customers are increasingly turning to our eCommerce solutions for their groceries and household essential needs. Many of our customers are ordering groceries online for the first time, as a result of COVID-19. And the majority of them tell us they plan to continue to do so in the future.” -Kroger CEO Rodney McMullen
With years of digital transformation finally paying off as shoppers opt for online sales tools and pickup-and-delivery options, KR stock has been off to the races this year by climbing around 11.3% year to date as of this writing. The stock could move higher if there are signs of some continuation of its momentum from the first quarter. Besides, should consumers’ preference for online shopping stocks around after the pandemic, Kroger would be in a strong position to benefit.
[Read More] Should Investors Buy These E-Commerce Stocks Amid The Recent Sell-Off?
Top Cyclical Stocks To Watch: Huya Inc.
Under the radar, Huya Inc. (HUYA Stock Report) could be one of the best cyclical stocks to buy. The company is the largest online game streaming platform in China. Huya’s plethora of rich and dynamic content combined with technological innovation makes it the ideal entertainment platform for the younger generation in China. People can stream video games on different platforms such as console, computer, and mobile. Additionally, it operates Nimo TV which is a game streaming platform in Southeast Asia and Latin America. While its services are free to use, users will have to pay to access premium content and features, thereby contributing to its cyclical nature. The company reported its third-quarter earnings after closing bells on Tuesday. Total revenues increased by 24.3% to $414.6 million from the same period last year.
“Despite a relatively shorter summer vacation period due to the impact of COVID-19 in China, we were still able to increase our user base by offering enriched content and enhanced experience, as well as through our deepened collaboration with Tencent,” said Mr. Rongjie Dong, Chief Executive Officer of Huya. “In the third quarter of 2020, average MAUs of Huya Live reached 172.9 million. The continued user growth momentum sets a solid foundation for the strengthening of user engagement and incremental monetization opportunities.”
At a price to sales ratio of just under 4 times, Huya is trading at a bargain in comparison to its peers. That’s especially true considering its growing profitability. The company’s net income attributable was $37.3 million, representing an increase of 105.3% year-over-year. Huya’s position in the Chinese market will certainly strengthen once its merger with rival DouYu (DOYU Stock Report) is completed in the first half of 2021. With a bigger share of the market going forward, is HUYA stock worthy of your attention?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For instance, American Airlines (AAL Stock Report) and General Motors are two examples of cyclical companies that would do well when the economy is in a recovery stage. “The leadership rotation away from technology and Fangs toward broader market plays including small caps, cyclical sectors and international stocks strengthened for a second consecutive day,” Jim Paulsen, chief investment strategist at the Leuthold Group. Huya’s plethora of rich and dynamic content combined with technological innovation makes it the ideal entertainment platform for the younger generation in China.
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For instance, American Airlines (AAL Stock Report) and General Motors are two examples of cyclical companies that would do well when the economy is in a recovery stage. 3 Epicenter Stocks To Watch 3 Top EV Stocks To Watch Right Now; 2 Started The Week On A Strong Note Top Cyclical Stocks To Watch: General Motors General Motors (GM Stock Report) is one of the top cyclical stocks to watch in the market right now. Top Cyclical Stocks To Watch: Kroger Inc. Kroger (KR Stock Report) has evolved from just being a pure brick & mortar retailer to an omnichannel entity.
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For instance, American Airlines (AAL Stock Report) and General Motors are two examples of cyclical companies that would do well when the economy is in a recovery stage. But with Pfizer’s (PFE Stock Report) vaccine news, investors’ hope for a rebound in economic activity can be seen by the sell-off of tech stocks and the surge in cyclical stocks. 3 Epicenter Stocks To Watch 3 Top EV Stocks To Watch Right Now; 2 Started The Week On A Strong Note Top Cyclical Stocks To Watch: General Motors General Motors (GM Stock Report) is one of the top cyclical stocks to watch in the market right now.
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For instance, American Airlines (AAL Stock Report) and General Motors are two examples of cyclical companies that would do well when the economy is in a recovery stage. So, what exactly is a cyclical stock? Under the radar, Huya Inc. (HUYA Stock Report) could be one of the best cyclical stocks to buy.
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5050.0
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2020-11-11 00:00:00 UTC
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American Airlines to restart flights to China, bringing U.S. weekly total to 10
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AAL
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https://www.nasdaq.com/articles/american-airlines-to-restart-flights-to-china-bringing-u.s.-weekly-total-to-10-2020-11-11
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By Tracy Rucinski
Nov 11 (Reuters) - American Airlines AAL.O is set to restart flights to China in coming days, lifting the total number of U.S. weekly flights to China to 10 from eight, a U.S. Department of Transportation (DOT) official said at an aviation conference on Wednesday.
The United States and China agreed in June to start allowing four weekly flights between the world's two largest economies after travel was halted earlier in the year due to the coronavirus. They raised the number to eight in August.
Now U.S. carriers will operate 10 flights per week, but the United States is "not satisfied" with that, the DOT's deputy assistant secretary for aviation and international affairs, David Short, said.
A U.S.-China agreement allows both countries to operate more than 100 weekly flights between the two nations.
"Their carriers and our carriers continue to have the right to exercise all provision provided in the agreement," said Short at the virtual CAPA summit, adding: "China is not respecting that."
Among U.S. carriers, United Airlines UAL.O and Delta Air Lines DAL.N are currently operating four weekly flights each to China.
In September, the U.S. State Department eased a travel advisory for Americans considering travel to China or Hong Kong from "Do Not Travel" to "Reconsider Travel," citing "improved conditions."
(Reporting by Tracy Rucinski; Editing by Mark Potter )
((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 Nov 11 (Reuters) - American Airlines AAL.O is set to restart flights to China in coming days, lifting the total number of U.S. weekly flights to China to 10 from eight, a U.S. Department of Transportation (DOT) official said at an aviation conference on Wednesday. The United States and China agreed in June to start allowing four weekly flights between the world's two largest economies after travel was halted earlier in the year due to the coronavirus. Now U.S. carriers will operate 10 flights per week, but the United States is "not satisfied" with that, the DOT's deputy assistant secretary for aviation and international affairs, David Short, said.
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By Tracy Rucinski Nov 11 (Reuters) - American Airlines AAL.O is set to restart flights to China in coming days, lifting the total number of U.S. weekly flights to China to 10 from eight, a U.S. Department of Transportation (DOT) official said at an aviation conference on Wednesday. Now U.S. carriers will operate 10 flights per week, but the United States is "not satisfied" with that, the DOT's deputy assistant secretary for aviation and international affairs, David Short, said. Among U.S. carriers, United Airlines UAL.O and Delta Air Lines DAL.N are currently operating four weekly flights each to China.
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By Tracy Rucinski Nov 11 (Reuters) - American Airlines AAL.O is set to restart flights to China in coming days, lifting the total number of U.S. weekly flights to China to 10 from eight, a U.S. Department of Transportation (DOT) official said at an aviation conference on Wednesday. The United States and China agreed in June to start allowing four weekly flights between the world's two largest economies after travel was halted earlier in the year due to the coronavirus. In September, the U.S. State Department eased a travel advisory for Americans considering travel to China or Hong Kong from "Do Not Travel" to "Reconsider Travel," citing "improved conditions."
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By Tracy Rucinski Nov 11 (Reuters) - American Airlines AAL.O is set to restart flights to China in coming days, lifting the total number of U.S. weekly flights to China to 10 from eight, a U.S. Department of Transportation (DOT) official said at an aviation conference on Wednesday. The United States and China agreed in June to start allowing four weekly flights between the world's two largest economies after travel was halted earlier in the year due to the coronavirus. Now U.S. carriers will operate 10 flights per week, but the United States is "not satisfied" with that, the DOT's deputy assistant secretary for aviation and international affairs, David Short, said.
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5051.0
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2020-11-11 00:00:00 UTC
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Pre-Market Most Active for Nov 11, 2020 : FPRX, NIO, ITUB, BABA, AAL, ACB, CCL, GE, SQQQ, AAPL, QQQ, TQQQ
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-11-2020-%3A-fprx-nio-itub-baba-aal-acb-ccl-ge-sqqq-aapl-qqq
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The NASDAQ 100 Pre-Market Indicator is up 122.09 to 11,746.38. The total Pre-Market volume is currently 29,264,499 shares traded.
The following are the most active stocks for the pre-market session:
Five Prime Therapeutics, Inc. (FPRX) is +16.46 at $21.80, with 7,024,538 shares traded. As reported by Zacks, the current mean recommendation for FPRX is in the "buy range".
NIO Inc. (NIO) is -1.4 at $40.15, with 4,169,494 shares traded.NIO is scheduled to provide an earnings report on 11/17/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -0.17 per share, which represents a -33 percent increase over the EPS one Year Ago
Itau Unibanco Banco Holding SA (ITUB) is -0.12 at $5.27, with 2,072,358 shares traded. As reported by Zacks, the current mean recommendation for ITUB is in the "buy range".
Alibaba Group Holding Limited (BABA) is +0.25 at $266.79, with 1,714,365 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 $2.64. BABA's current last sale is 78.47% of the target price of $340.
American Airlines Group, Inc. (AAL) is -0.0701 at $12.31, with 1,669,688 shares traded. AAL's current last sale is 123.1% of the target price of $10.
Aurora Cannabis Inc. (ACB) is -1.52 at $6.78, with 1,431,427 shares traded. ACB's current last sale is 75.33% of the target price of $9.
Carnival Corporation (CCL) is +0.23 at $16.96, with 1,194,038 shares traded. CCL's current last sale is 121.14% of the target price of $14.
General Electric Company (GE) is +0.19 at $9.17, with 1,154,696 shares traded. As reported by Zacks, the current mean recommendation for GE is in the "buy range".
ProShares UltraPro Short QQQ (SQQQ) is -0.74 at $20.30, with 1,121,798 shares traded. This represents a 7.12% increase from its 52 Week Low.
Apple Inc. (AAPL) is +1.57 at $117.54, with 1,000,222 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 $1.39. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Invesco QQQ Trust, Series 1 (QQQ) is +3.41 at $286.83, with 808,230 shares traded. This represents a 73.91% increase from its 52 Week Low.
ProShares UltraPro QQQ (TQQQ) is +4.81 at $139.30, with 476,075 shares traded. This represents a 331.67% increase from its 52 Week Low.
The views and 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 -0.0701 at $12.31, with 1,669,688 shares traded. AAL's current last sale is 123.1% of the target price of $10. Itau Unibanco Banco Holding SA (ITUB) is -0.12 at $5.27, with 2,072,358 shares traded.
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American Airlines Group, Inc. (AAL) is -0.0701 at $12.31, with 1,669,688 shares traded. AAL's current last sale is 123.1% of the target price of $10. The consensus earnings per share forecast is -0.17 per share, which represents a -33 percent increase over the EPS one Year Ago
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American Airlines Group, Inc. (AAL) is -0.0701 at $12.31, with 1,669,688 shares traded. AAL's current last sale is 123.1% of the target price of $10. The total Pre-Market volume is currently 29,264,499 shares traded.
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American Airlines Group, Inc. (AAL) is -0.0701 at $12.31, with 1,669,688 shares traded. AAL's current last sale is 123.1% of the target price of $10. The NASDAQ 100 Pre-Market Indicator is up 122.09 to 11,746.38.
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5052.0
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2020-11-10 00:00:00 UTC
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Breakingviews - Vaccine shoves open door for year-end capital rush
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AAL
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https://www.nasdaq.com/articles/breakingviews-vaccine-shoves-open-door-for-year-end-capital-rush-2020-11-10
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nan
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nan
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Reuters
Reuters
LONDON (Reuters Breakingviews) - Hopes of a Covid-19 vaccine have already given equity capital markets bankers a boost. As stock markets soared after encouraging test results from Pfizer and BioNTech, companies in hard-hit sectors like travel and leisure rushed to top up their balance sheets. With the end of the year looming, smaller equity issues and instruments like convertible bonds may go down better than big, drawn-out offerings.
Combined with the result of the U.S. presidential election, Monday’s positive vaccine update had dramatic effects. Shares in U.S. cinema operator AMC Entertainment gained more than 70%, cruise-ship owner Carnival was up nearly 40%, and Deutsche Lufthansa jumped by almost a third. Some of those companies wasted little time in taking advantage: the German airline on Tuesday launched a 600 million euro convertible bond, and Carnival announced plans to raise $1.5 billion from shareholders. American Airlines is also selling equity.
The rush to raise capital looks perverse. An effective vaccine should let companies return to business as usual, reducing their need for emergency cash. Listed firms have raised a record $853 billion so far this year, according to Refinitiv data. Asking for more could appear greedy or indicative of poor financial planning. Carnival’s request on Tuesday came less than two weeks after it wrapped up another $1 billion cash call. The new optimism also gives investors new cause to resist: shareholders in Unibail-Rodamco-Westfield on Tuesday rejected the property group’s 3.5 billion euro rights issue.
Chief executives thus have plenty of explaining still to do. And with the traditional year-end slow-down looming – less the days that U.S. markets close for Thanksgiving – there’s little time.
This points to smaller, simpler deals. So far, investors seem keen. Appetite for Lufthansa’s convertible bond was so strong that the airline expanded the offering by 75 million euros, while giving investors a meaner coupon and less attractive price at which they can flip bonds into shares. In the United Kingdom, companies face added pressure to hurry. A provision that allows them to raise up to 20% of their market value from big investors without seeking shareholder approval – rather than the normal 10% – is due to end on Nov. 30. Their bankers face a rush to get through the door.
The views and 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 stock markets soared after encouraging test results from Pfizer and BioNTech, companies in hard-hit sectors like travel and leisure rushed to top up their balance sheets. Some of those companies wasted little time in taking advantage: the German airline on Tuesday launched a 600 million euro convertible bond, and Carnival announced plans to raise $1.5 billion from shareholders. The new optimism also gives investors new cause to resist: shareholders in Unibail-Rodamco-Westfield on Tuesday rejected the property group’s 3.5 billion euro rights issue.
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LONDON (Reuters Breakingviews) - Hopes of a Covid-19 vaccine have already given equity capital markets bankers a boost. With the end of the year looming, smaller equity issues and instruments like convertible bonds may go down better than big, drawn-out offerings. Some of those companies wasted little time in taking advantage: the German airline on Tuesday launched a 600 million euro convertible bond, and Carnival announced plans to raise $1.5 billion from shareholders.
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With the end of the year looming, smaller equity issues and instruments like convertible bonds may go down better than big, drawn-out offerings. Some of those companies wasted little time in taking advantage: the German airline on Tuesday launched a 600 million euro convertible bond, and Carnival announced plans to raise $1.5 billion from shareholders. Appetite for Lufthansa’s convertible bond was so strong that the airline expanded the offering by 75 million euros, while giving investors a meaner coupon and less attractive price at which they can flip bonds into shares.
|
LONDON (Reuters Breakingviews) - Hopes of a Covid-19 vaccine have already given equity capital markets bankers a boost. With the end of the year looming, smaller equity issues and instruments like convertible bonds may go down better than big, drawn-out offerings. The new optimism also gives investors new cause to resist: shareholders in Unibail-Rodamco-Westfield on Tuesday rejected the property group’s 3.5 billion euro rights issue.
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5053.0
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2020-11-10 00:00:00 UTC
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Boeing loses more 737 MAX orders, eyes jet's U.S. return but Europe tariffs loom
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AAL
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https://www.nasdaq.com/articles/boeing-loses-more-737-max-orders-eyes-jets-u.s.-return-but-europe-tariffs-loom-2020-11-10
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nan
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nan
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By Eric M. Johnson
SEATTLE, Nov 10 (Reuters) - Boeing Co BA.N lost another 12 orders for its grounded 737 MAX jetliner in October, and delivered 13 aircraft to customers, down from the 20 jets delivered in the same month a year ago, company data showed on Tuesday.
For the second straight month, the closely watched monthly snapshot revealed 787 Dreamliner quality flaws and the coronavirus pandemic kept hampering Boeing's efforts to develop an alternative cash cow to the 737 MAX.
The U.S. Federal Aviation Administration (FAA) appearedabout a week away from lifting a March 2019 safety ban, although the pandemic kept hammering demand for jets from Boeing and European rival Airbus AIR.PA.
Airbus sold 11 jets last month and booked 72 jet deliveries, easing concerns over a cash-depleting overhang of unwanted jets.
The European Union's decision to impose tariffs of 15% on Boeing planes this week could hobble its jet deliveries in Europe.
Boeing said it lost orders for four 737 MAX jets from China Development Bank Financial Leasing Co, one from Czech Airlines owner Smartwings, three from Oman Air, and four from an undisclosed buyer or buyers.
Canceled MAX orders, including those where buyers converted to a different model, was 448 jets - and 460 for all jets across Boeing's portfolio, Boeing said.
For 2020 through October, the number of MAX orders canceled, or removed from Boeing's official backlog when it applies stricter accounting standards, stood at 1,043 aircraft.
For deliveries - a key metric since customers hand over most of the money at the time they pick up new aircraft - Boeing handed over 13 twin-aisle jets in October, compared to 20 a year earlier and 10 in September.
That brings total deliveries to 111 aircraft in the 10 months through October 2020, down from 321 for the same period a year ago.
The October delivery tally included one P-8 maritime patrol aircraft, one 747 and three 767 freighters to United Parcel Service UPS.N, two 777 freighters to China Cargo Airlines, one 777 to German logistics company DHL, and one 777-300ER to Dubai-headquartered Novus Aviation Capital, Boeing said.
Boeing also delivered four 787s in October: one 787-8 to American Airlines AAL.O, one 787-9 to Leasing giant AerCap, one 787-10 to Abu Dhabi's Etihad Airways, and one 787-10 Saudi Arabian Airlines.
(Reporting by Eric M. Johnson in Seattle; editing by Jane Wardell and David Gregorio)
((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Boeing also delivered four 787s in October: one 787-8 to American Airlines AAL.O, one 787-9 to Leasing giant AerCap, one 787-10 to Abu Dhabi's Etihad Airways, and one 787-10 Saudi Arabian Airlines. The U.S. Federal Aviation Administration (FAA) appearedabout a week away from lifting a March 2019 safety ban, although the pandemic kept hammering demand for jets from Boeing and European rival Airbus AIR.PA. The European Union's decision to impose tariffs of 15% on Boeing planes this week could hobble its jet deliveries in Europe.
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Boeing also delivered four 787s in October: one 787-8 to American Airlines AAL.O, one 787-9 to Leasing giant AerCap, one 787-10 to Abu Dhabi's Etihad Airways, and one 787-10 Saudi Arabian Airlines. By Eric M. Johnson SEATTLE, Nov 10 (Reuters) - Boeing Co BA.N lost another 12 orders for its grounded 737 MAX jetliner in October, and delivered 13 aircraft to customers, down from the 20 jets delivered in the same month a year ago, company data showed on Tuesday. Boeing said it lost orders for four 737 MAX jets from China Development Bank Financial Leasing Co, one from Czech Airlines owner Smartwings, three from Oman Air, and four from an undisclosed buyer or buyers.
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Boeing also delivered four 787s in October: one 787-8 to American Airlines AAL.O, one 787-9 to Leasing giant AerCap, one 787-10 to Abu Dhabi's Etihad Airways, and one 787-10 Saudi Arabian Airlines. By Eric M. Johnson SEATTLE, Nov 10 (Reuters) - Boeing Co BA.N lost another 12 orders for its grounded 737 MAX jetliner in October, and delivered 13 aircraft to customers, down from the 20 jets delivered in the same month a year ago, company data showed on Tuesday. Canceled MAX orders, including those where buyers converted to a different model, was 448 jets - and 460 for all jets across Boeing's portfolio, Boeing said.
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Boeing also delivered four 787s in October: one 787-8 to American Airlines AAL.O, one 787-9 to Leasing giant AerCap, one 787-10 to Abu Dhabi's Etihad Airways, and one 787-10 Saudi Arabian Airlines. Boeing said it lost orders for four 737 MAX jets from China Development Bank Financial Leasing Co, one from Czech Airlines owner Smartwings, three from Oman Air, and four from an undisclosed buyer or buyers. Canceled MAX orders, including those where buyers converted to a different model, was 448 jets - and 460 for all jets across Boeing's portfolio, Boeing said.
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5054.0
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2020-11-10 00:00:00 UTC
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Colombian mine Cerrejon says it has initial deal with indigenous Wayuu, leaders disagree
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AAL
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https://www.nasdaq.com/articles/colombian-mine-cerrejon-says-it-has-initial-deal-with-indigenous-wayuu-leaders-disagree
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nan
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nan
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By Luis Jaime Acosta
BOGOTA, Nov 10 (Reuters) - Colombian coal mine Cerrejon has reached a preliminary agreement with a Wayuu indigenous community to comply with environmental and health requirements in its operations, the company said on Tuesday, which community leaders denied.
The Provincial community in La Guajira has argued with Cerrejon, which is owned jointly by BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, for years over its use , of water, pollution, dust, noise, and health problems.
Colombia's Constitutional Court earlier ordered Cerrejon to comply with requirements aimed at protecting health and the environment, while a United Nations Special Rapporteur called on the government to suspend some of the mine's operations on health and environmental concerns.
The agreement includes building a community health center and an environmental rehabilitation program, which will include planting 248,000 trees, and other measures ordered by the court.
The company will implement a program to clean community facilities and nearby areas over the next five years and will also provide technical support for measuring air quality, Cerrejon said in a statement.
Indigenous leaders said there was no deal.
"Today ... Cerrejon has issued a public statement in which it lies seriously and fraudulently, and tries to deceive the country and international bodies," Provincial community leaders said in a statement.
Responding to the Special Rapporteur's concerns, Cerrejon said it operates responsibly to help reduce impacts on the environment and community, while looking to improve existing controls and processes.
Cerrejon complies with applicable quality standards for air and water, the company said in a separate statement, adding it regularly monitors water sources in the area.
Production at Cerrejon has been held up since Aug. 31 because of a strike organized by its largest workers' union demanding better pay, health benefits and education among other things.
A decision to reorganize shifts has become a major sticking point in negotiations. While Cerrejon says changes are necessary to keep operations competitive, union Sintracarbon says it will endanger workers' health.
The company on Monday proposed establishing technical tables to gradually implement the new shifts, but Sintracarbon said "there was no progress whatsoever."
(Reporting by Luis Jaime Acosta Writing by Oliver Griffin; editing by Grant McCool)
((Oliver.Griffin@thomsonreuters.com; +57 304-583-8931;))
The views and 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 Provincial community in La Guajira has argued with Cerrejon, which is owned jointly by BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, for years over its use , of water, pollution, dust, noise, and health problems. The company will implement a program to clean community facilities and nearby areas over the next five years and will also provide technical support for measuring air quality, Cerrejon said in a statement. Responding to the Special Rapporteur's concerns, Cerrejon said it operates responsibly to help reduce impacts on the environment and community, while looking to improve existing controls and processes.
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The Provincial community in La Guajira has argued with Cerrejon, which is owned jointly by BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, for years over its use , of water, pollution, dust, noise, and health problems. By Luis Jaime Acosta BOGOTA, Nov 10 (Reuters) - Colombian coal mine Cerrejon has reached a preliminary agreement with a Wayuu indigenous community to comply with environmental and health requirements in its operations, the company said on Tuesday, which community leaders denied. Colombia's Constitutional Court earlier ordered Cerrejon to comply with requirements aimed at protecting health and the environment, while a United Nations Special Rapporteur called on the government to suspend some of the mine's operations on health and environmental concerns.
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The Provincial community in La Guajira has argued with Cerrejon, which is owned jointly by BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, for years over its use , of water, pollution, dust, noise, and health problems. By Luis Jaime Acosta BOGOTA, Nov 10 (Reuters) - Colombian coal mine Cerrejon has reached a preliminary agreement with a Wayuu indigenous community to comply with environmental and health requirements in its operations, the company said on Tuesday, which community leaders denied. Colombia's Constitutional Court earlier ordered Cerrejon to comply with requirements aimed at protecting health and the environment, while a United Nations Special Rapporteur called on the government to suspend some of the mine's operations on health and environmental concerns.
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The Provincial community in La Guajira has argued with Cerrejon, which is owned jointly by BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, for years over its use , of water, pollution, dust, noise, and health problems. By Luis Jaime Acosta BOGOTA, Nov 10 (Reuters) - Colombian coal mine Cerrejon has reached a preliminary agreement with a Wayuu indigenous community to comply with environmental and health requirements in its operations, the company said on Tuesday, which community leaders denied. Colombia's Constitutional Court earlier ordered Cerrejon to comply with requirements aimed at protecting health and the environment, while a United Nations Special Rapporteur called on the government to suspend some of the mine's operations on health and environmental concerns.
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5055.0
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2020-11-10 00:00:00 UTC
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Short sellers lost billions as travel and leisure stocks rallied Monday
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AAL
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https://www.nasdaq.com/articles/short-sellers-lost-billions-as-travel-and-leisure-stocks-rallied-monday-2020-11-10
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nan
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nan
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By Tommy Wilkes and Saqib Iqbal Ahmed
LONDON/NEW YORK, Nov 10 (Reuters) - Short sellers betting against European and U.S. travel, leisure and bank stocks lost billions of dollars on Monday, after news of a COVID-19 vaccine triggered a rally in shares of companies that have suffered under months of virus-fueled restrictions and lockdowns.
Investors positioned to profit from declines in European travel, leisure and bank stocks alone lost more than $500 million on Monday, according to data provider ORTEX Analytics.
Among U.S. shares, just seven travel-linked companies, Carnival Corp CCL.N, Expedia Group EXPE.O, Booking Holdings Inc BKNG.O, Royal Caribbean Group RCL.N, American Airlines Group AAL.N Wynn Resorts WYNN.O and Norwegian Cruise Line Holdings NCLH.O, accounted for $2.35 billion in losses for short sellers, the firm's data showed.
Total short-selling losses across industries are likely to have been much higher.
European travel and leisure stocks .SXTP are up 12% since the start of the month while shares of banks .SX7P, which are sensitive to the state of the economy and among the markets's worst performers since the coronavirus outbreak in March, reached a five-month high on Tuesday.
The Dow Jones U.S. Travel & Leisure Index .DJUSCJ jumped 8.2% on Monday and is up nearly 15% for November. On Tuesday, the index fell 1.7%.
This week's dramatic rebound in beaten-up share prices followed Pfizer's announcement of positive data from its vaccine trial, raising hopes of an economic recovery.
Calculations by ORTEX Analytics showed short sellers of European travel and leisure companies lost $284 million based on positions held on Monday. Losses for European bank short-sellers totalled $233 million.
Rolls-Royce RR.L, Carnival CCL.L and British Airways owner IAG ICAG.L rank among the biggest winners of this week's rally, while bank stock risers include Societe Generale SOGN.PA, Barclays BARC.L and Lloyds LLOY.L, all up between 10% and 25%.
But for short sellers the rebound equalled pain after several months of profitable bets -- they lost an estimated $101 million on Deutsche Lufthansa LHAG.DE on Monday, $52 million on TUI TUIGn.DE and $66 million on HSBC, ORTEX data showed.
"Whilst Pfizer described yesterday as a great day for science and for humanity, it was anything but for short sellers who look to have been caught out by the market adjustment." said ORTEX co-founder Peter Hillerberg.
Hedge funds profit when they borrow a stock and sell it back when the price falls, pocketing the difference, a practice known as short-selling.
Funds with significant short positions in travel and leisure stocks include D.E. Shaw, GLG Partners - which had a net short position in Rolls-Royce of 0.92% on Nov. 4 - and Marshall Wace, according to UK regulatory filings. The funds either declined to comment or did not respond to requests for comment.
STILL SHORT
Betting against travel and bank stocks had been a winner for hedge funds since governments shut down swathes of their economies in March.
Short sellers had made an estimated $1.87 billion from bank shorts since March to Nov. 6 and $140 million from wagering against travel and leisure companies, ORTEX calculates.
Investors have banked profits and reduced positions since August. But significant outstanding short exposure remained as some bet on further falls following another round of government lockdowns.
"Companies whose business models have been most impaired by COVID are yet to fully recover from their lows," analysts at Barclays said in a note on Tuesday.
"They could therefore be the biggest beneficiaries of a successful vaccine deployment, as their depressed revenue and earnings are yet to recover," they added.
Nearly $2 trillion traded on COVID-19 vaccine news
(Reporting by Tommy Wilkes in London and Saqib Iqbal Ahmed in New York; Editing by Rachel Armstrong, Jonathan Oatis and Tom Brown)
((thomas.wilkes@tr.com; Reuters Messaging: thomas.wilkes.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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Among U.S. shares, just seven travel-linked companies, Carnival Corp CCL.N, Expedia Group EXPE.O, Booking Holdings Inc BKNG.O, Royal Caribbean Group RCL.N, American Airlines Group AAL.N Wynn Resorts WYNN.O and Norwegian Cruise Line Holdings NCLH.O, accounted for $2.35 billion in losses for short sellers, the firm's data showed. By Tommy Wilkes and Saqib Iqbal Ahmed LONDON/NEW YORK, Nov 10 (Reuters) - Short sellers betting against European and U.S. travel, leisure and bank stocks lost billions of dollars on Monday, after news of a COVID-19 vaccine triggered a rally in shares of companies that have suffered under months of virus-fueled restrictions and lockdowns. European travel and leisure stocks .SXTP are up 12% since the start of the month while shares of banks .SX7P, which are sensitive to the state of the economy and among the markets's worst performers since the coronavirus outbreak in March, reached a five-month high on Tuesday.
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Among U.S. shares, just seven travel-linked companies, Carnival Corp CCL.N, Expedia Group EXPE.O, Booking Holdings Inc BKNG.O, Royal Caribbean Group RCL.N, American Airlines Group AAL.N Wynn Resorts WYNN.O and Norwegian Cruise Line Holdings NCLH.O, accounted for $2.35 billion in losses for short sellers, the firm's data showed. By Tommy Wilkes and Saqib Iqbal Ahmed LONDON/NEW YORK, Nov 10 (Reuters) - Short sellers betting against European and U.S. travel, leisure and bank stocks lost billions of dollars on Monday, after news of a COVID-19 vaccine triggered a rally in shares of companies that have suffered under months of virus-fueled restrictions and lockdowns. Investors positioned to profit from declines in European travel, leisure and bank stocks alone lost more than $500 million on Monday, according to data provider ORTEX Analytics.
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Among U.S. shares, just seven travel-linked companies, Carnival Corp CCL.N, Expedia Group EXPE.O, Booking Holdings Inc BKNG.O, Royal Caribbean Group RCL.N, American Airlines Group AAL.N Wynn Resorts WYNN.O and Norwegian Cruise Line Holdings NCLH.O, accounted for $2.35 billion in losses for short sellers, the firm's data showed. By Tommy Wilkes and Saqib Iqbal Ahmed LONDON/NEW YORK, Nov 10 (Reuters) - Short sellers betting against European and U.S. travel, leisure and bank stocks lost billions of dollars on Monday, after news of a COVID-19 vaccine triggered a rally in shares of companies that have suffered under months of virus-fueled restrictions and lockdowns. Investors positioned to profit from declines in European travel, leisure and bank stocks alone lost more than $500 million on Monday, according to data provider ORTEX Analytics.
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Among U.S. shares, just seven travel-linked companies, Carnival Corp CCL.N, Expedia Group EXPE.O, Booking Holdings Inc BKNG.O, Royal Caribbean Group RCL.N, American Airlines Group AAL.N Wynn Resorts WYNN.O and Norwegian Cruise Line Holdings NCLH.O, accounted for $2.35 billion in losses for short sellers, the firm's data showed. By Tommy Wilkes and Saqib Iqbal Ahmed LONDON/NEW YORK, Nov 10 (Reuters) - Short sellers betting against European and U.S. travel, leisure and bank stocks lost billions of dollars on Monday, after news of a COVID-19 vaccine triggered a rally in shares of companies that have suffered under months of virus-fueled restrictions and lockdowns. Investors positioned to profit from declines in European travel, leisure and bank stocks alone lost more than $500 million on Monday, according to data provider ORTEX Analytics.
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5056.0
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2020-11-10 00:00:00 UTC
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Colombian coal mine Cerrejon reaches initial agreement with indigenous over health, environment
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AAL
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https://www.nasdaq.com/articles/colombian-coal-mine-cerrejon-reaches-initial-agreement-with-indigenous-over-health
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nan
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nan
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By Luis Jaime Acosta
BOGOTA, Nov 10 (Reuters) - Colombian coal mine Cerrejon has reached a preliminary agreement with a Wayuu indigenous community to comply with environmental and health requirements in its operations, the company said on Tuesday.
The Provincial community in La Guajira has argued with Cerrejon, which is owned jointly by BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, for years over its use of water, pollution, dust, noise, and health problems.
Colombia's Constitutional Court earlier ordered Cerrejon to comply with requirements aimed at protecting health and the environment, while a United Nations Special Rapporteur called on the government to suspend some of the mine's operations on health and environmental concerns.
The agreement includes building a community health center and an environmental rehabilitation program, which will include planting 248,000 trees, and other measures ordered by the court.
The company will implement a program to clean community facilities and nearby areas over the next five years and will also provide technical support for measuring air quality, Cerrejon said in a statement.
Lawyers representing the Provincial community did not immediately return a request for comment on the agreement.
Responding to the Special Rapporteur's concerns, Cerrejon said it operates responsibly to help reduce impacts on the environment and community, while looking to improve existing controls and processes.
Cerrejon complies with applicable quality standards for air and water, the company said in a separate statement, adding it regularly monitors water sources in the area.
Production at Cerrejon has been held up since Aug. 31 because of a strike organized by its largest workers' union demanding better pay, health benefits and education among other things.
A decision to reorganize shifts has become a major sticking point in negotiations. While Cerrejon says changes are necessary to keep operations competitive, union Sintracarbon says it will endanger workers' health.
The company on Monday proposed establishing technical tables to gradually implement the new shifts, but Sintracarbon said "there was no progress whatsoever."
(Reporting by Luis Jaime Acosta Writing by Oliver Griffin; editing by Grant McCool)
((Oliver.Griffin@thomsonreuters.com; +57 304-583-8931;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The Provincial community in La Guajira has argued with Cerrejon, which is owned jointly by BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, for years over its use of water, pollution, dust, noise, and health problems. By Luis Jaime Acosta BOGOTA, Nov 10 (Reuters) - Colombian coal mine Cerrejon has reached a preliminary agreement with a Wayuu indigenous community to comply with environmental and health requirements in its operations, the company said on Tuesday. The company will implement a program to clean community facilities and nearby areas over the next five years and will also provide technical support for measuring air quality, Cerrejon said in a statement.
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The Provincial community in La Guajira has argued with Cerrejon, which is owned jointly by BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, for years over its use of water, pollution, dust, noise, and health problems. By Luis Jaime Acosta BOGOTA, Nov 10 (Reuters) - Colombian coal mine Cerrejon has reached a preliminary agreement with a Wayuu indigenous community to comply with environmental and health requirements in its operations, the company said on Tuesday. Colombia's Constitutional Court earlier ordered Cerrejon to comply with requirements aimed at protecting health and the environment, while a United Nations Special Rapporteur called on the government to suspend some of the mine's operations on health and environmental concerns.
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The Provincial community in La Guajira has argued with Cerrejon, which is owned jointly by BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, for years over its use of water, pollution, dust, noise, and health problems. By Luis Jaime Acosta BOGOTA, Nov 10 (Reuters) - Colombian coal mine Cerrejon has reached a preliminary agreement with a Wayuu indigenous community to comply with environmental and health requirements in its operations, the company said on Tuesday. Colombia's Constitutional Court earlier ordered Cerrejon to comply with requirements aimed at protecting health and the environment, while a United Nations Special Rapporteur called on the government to suspend some of the mine's operations on health and environmental concerns.
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The Provincial community in La Guajira has argued with Cerrejon, which is owned jointly by BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, for years over its use of water, pollution, dust, noise, and health problems. By Luis Jaime Acosta BOGOTA, Nov 10 (Reuters) - Colombian coal mine Cerrejon has reached a preliminary agreement with a Wayuu indigenous community to comply with environmental and health requirements in its operations, the company said on Tuesday. Colombia's Constitutional Court earlier ordered Cerrejon to comply with requirements aimed at protecting health and the environment, while a United Nations Special Rapporteur called on the government to suspend some of the mine's operations on health and environmental concerns.
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5057.0
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2020-11-10 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Revance, Lipocine, Inovio
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-revance-lipocine-inovio-2020-11-10
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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
The S&P 500 and the Nasdaq fell on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of some Big Tech companies that have benefited most from the pandemic. .N
At 1:14 p.m. ET, the Dow Jones Industrial Average .DJI was up 0.53% at 29,311.6. The S&P 500 .SPX was down 0.07% at 3,547.97 and the Nasdaq Composite .IXIC was down 0.79% at 11,621.524. The top three S&P 500 .PG.INX percentage gainers: ** Walgreens Boots Alliance Inc , up 8.5 % ** Ulta Beauty Inc , up 8.1 % ** D.R. Horton Inc , up 7.5 % The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp , down 12.9 % ** Norwegian Cruise Line , down 7.2 % ** HollyFrontier Corp , down 6.6 % The top three NYSE .PG.N percentage gainers: ** Revlon Inc , up 57.3 % ** Quad Graphic , up 26.2 % ** Preferred Apartment Communities Inc , up 20.6 % The top three NYSE .PL.N percentage losers: ** GasLog Partners LLP , down 33.1 % ** Aurora Cannabis , down 25.8 % ** MediaAlpha Inc , down 21.4 % The top three Nasdaq .PG.O percentage gainers: ** Greenland Technologies Holding Corp , up 155.1 % ** TWC Tech Holdings II Equity Warrant , up 100 % ** ummit Wireless Technologies Inc , up 56.1 % The top three Nasdaq .PL.O percentage losers: ** Tattooed Chef Equity Warrant , down 22.9 % ** Voyage Therapeutics Inc , down 22.5 % ** Arena Pharmaceuticals Inc , down 22.5 % ** Norwegian Cruise Line NCLH.N: down 7.2%
BUZZ-Falls on bigger-than-expected loss, weak H1 demand ** Boeing Co BA.N: up 5.6%
BUZZ-Rises on report of MAX approval happening as soon as Nov 18
** Eli Lilly LLY.N: up 3.1%
BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug
** Holly Energy Partners HEP.N: up 4.6%
BUZZ-Credit Suisse raises to outperform
** FreightCar America RAIL.O: down 13.3%
BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 23.3%
BUZZ-Enters patent agreement with Comcast ** Smart Sand Inc SND.O: up 5.6%
BUZZ-Gains as cost cuts drive surprise profit ** Novavax Inc NVAX.O: down 13.1%
BUZZ-Slips after at-the-market share sale agreement ** Peloton Interactive Inc PTON.O: up 5.7%
BUZZ-Rises on partnership with Beyonce ** D.R. Horton Inc DHI.N: up 7.5%
BUZZ-Up as FY 2021 sales forecast, results top estimates ** Viper Energy Partners LP VNOM.O: up 12.7%
BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.0%
BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 3.0%
BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 3.5%
BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 2.5%
BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Papa John's International Inc PZZA.O: up 3%
BUZZ-DB sees potential for sales growth next year, raises to 'buy' ** Simon Property Group Inc SPG.N: up 2.2%
BUZZ-Street View: A vaccine to power Simon Property's rebound ** CureVac NV CVAC.O: up 5.6%
BUZZ-Jumps on positive data from early-stage COVID-19 vaccine trial ** Ulta Beauty Inc ULTA.O: up 2.2%
BUZZ-Rises on partnership with Target ** Square Inc SQ.N: down 3.9%
BUZZ-Dips after $1 bln convertible debt raise ** TherapeuticsMD Inc TXMD.O: down 10.2%
BUZZ-Falls on $30 mln equity raise ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 2.9%
BUZZ-Rises as lab gets FDA approval to start COVID-19 testing ** Carnival Corp CCL.N: down 12.9%
BUZZ-Drops on planned $1.5 bln equity raise; peers sag
** Arena Pharmaceuticals Inc ARNA.O: down 22.5%
BUZZ-Plunges after lead drug fails eczema trial ** Kansas City Southern KSU.N: up 1.9%
BUZZ-Up on share buyback program, dividend raise ** Beyond Meat Inc BYND.O: down 17.1%
BUZZ-Set for worst day in over a year on quarterly sales shock ** Voyager Therapeutics Inc VYGR.O: down 22.5%
BUZZ-Falls on delayed resumption of Parkinson's disease trial ** Walt Disney Co DIS.N: down 1.7%
BUZZ-Unsure about California theme park reopening, shares fall ** AngloGold Ashanti Ltd AU.N: down 2.8%
BUZZ-Down on suspension of operations at Argentinian mine ** Lipocine Inc LPCN.O: down 3.5%
BUZZ-Falls as quarterly loss widens ** Revance Therapeutics Inc RVNC.O: down 9.6%
BUZZ-Falls on likely delay in experimental injection approval ** AerCap Holdings nv AER.N: down 2.1%
BUZZ-Slips on Q3 miss, MAX order cancellations
** Inovio Pharmaceuticals Inc INO.O: up 28.7%
BUZZ-Expects FDA decision on vaccine trial in Nov, shares soar
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.62%
Consumer Discretionary
.SPLRCD
down 0.94%
Consumer Staples
.SPLRCS
up 1.76%
Energy
.SPNY
up 0.66%
Financial
.SPSY
up 0.26%
Health
.SPXHC
up 0.18%
Industrial
.SPLRCI
up 1.52%
Information Technology
.SPLRCT
down 1.38%
Materials
.SPLRCM
up 0.79%
Real Estate
.SPLRCR
up 0.31%
Utilities
.SPLRCU
up 0.97%
(Compiled by Eva Mathews in Bengaluru)
((eva.mathews@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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Horton Inc , up 7.5 % The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp , down 12.9 % ** Norwegian Cruise Line , down 7.2 % ** HollyFrontier Corp , down 6.6 % The top three NYSE .PG.N percentage gainers: ** Revlon Inc , up 57.3 % ** Quad Graphic , up 26.2 % ** Preferred Apartment Communities Inc , up 20.6 % The top three NYSE .PL.N percentage losers: ** GasLog Partners LLP , down 33.1 % ** Aurora Cannabis , down 25.8 % ** MediaAlpha Inc , down 21.4 % The top three Nasdaq .PG.O percentage gainers: ** Greenland Technologies Holding Corp , up 155.1 % ** TWC Tech Holdings II Equity Warrant , up 100 % ** ummit Wireless Technologies Inc , up 56.1 % The top three Nasdaq .PL.O percentage losers: ** Tattooed Chef Equity Warrant , down 22.9 % ** Voyage Therapeutics Inc , down 22.5 % ** Arena Pharmaceuticals Inc , down 22.5 % ** Norwegian Cruise Line NCLH.N: down 7.2% BUZZ-Falls on bigger-than-expected loss, weak H1 demand ** Boeing Co BA.N: up 5.6% BUZZ-Rises on report of MAX approval happening as soon as Nov 18 ** Eli Lilly LLY.N: up 3.1% BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug ** Holly Energy Partners HEP.N: up 4.6% BUZZ-Credit Suisse raises to outperform ** FreightCar America RAIL.O: down 13.3% BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 23.3% BUZZ-Enters patent agreement with Comcast ** Smart Sand Inc SND.O: up 5.6% BUZZ-Gains as cost cuts drive surprise profit ** Novavax Inc NVAX.O: down 13.1% BUZZ-Slips after at-the-market share sale agreement ** Peloton Interactive Inc PTON.O: up 5.7% BUZZ-Rises on partnership with Beyonce ** D.R. Horton Inc DHI.N: up 7.5% BUZZ-Up as FY 2021 sales forecast, results top estimates ** Viper Energy Partners LP VNOM.O: up 12.7% BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.0% BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 3.0% BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 3.5% BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 2.5% BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Papa John's International Inc PZZA.O: up 3% BUZZ-DB sees potential for sales growth next year, raises to 'buy' ** Simon Property Group Inc SPG.N: up 2.2% BUZZ-Street View: A vaccine to power Simon Property's rebound ** CureVac NV CVAC.O: up 5.6% BUZZ-Jumps on positive data from early-stage COVID-19 vaccine trial ** Ulta Beauty Inc ULTA.O: up 2.2% BUZZ-Rises on partnership with Target ** Square Inc SQ.N: down 3.9% BUZZ-Dips after $1 bln convertible debt raise ** TherapeuticsMD Inc TXMD.O: down 10.2% BUZZ-Falls on $30 mln equity raise ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 2.9% BUZZ-Rises as lab gets FDA approval to start COVID-19 testing ** Carnival Corp CCL.N: down 12.9% BUZZ-Drops on planned $1.5 bln equity raise; peers sag ** Arena Pharmaceuticals Inc ARNA.O: down 22.5% BUZZ-Plunges after lead drug fails eczema trial ** Kansas City Southern KSU.N: up 1.9% BUZZ-Up on share buyback program, dividend raise ** Beyond Meat Inc BYND.O: down 17.1% BUZZ-Set for worst day in over a year on quarterly sales shock ** Voyager Therapeutics Inc VYGR.O: down 22.5% BUZZ-Falls on delayed resumption of Parkinson's disease trial ** Walt Disney Co DIS.N: down 1.7% BUZZ-Unsure about California theme park reopening, shares fall ** AngloGold Ashanti Ltd AU.N: down 2.8% BUZZ-Down on suspension of operations at Argentinian mine ** Lipocine Inc LPCN.O: down 3.5% BUZZ-Falls as quarterly loss widens ** Revance Therapeutics Inc RVNC.O: down 9.6% BUZZ-Falls on likely delay in experimental injection approval ** AerCap Holdings nv AER.N: down 2.1% BUZZ-Slips on Q3 miss, MAX order cancellations ** Inovio Pharmaceuticals Inc INO.O: up 28.7% BUZZ-Expects FDA decision on vaccine trial in Nov, shares soar 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 The S&P 500 and the Nasdaq fell on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of some Big Tech companies that have benefited most from the pandemic.
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Horton Inc , up 7.5 % The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp , down 12.9 % ** Norwegian Cruise Line , down 7.2 % ** HollyFrontier Corp , down 6.6 % The top three NYSE .PG.N percentage gainers: ** Revlon Inc , up 57.3 % ** Quad Graphic , up 26.2 % ** Preferred Apartment Communities Inc , up 20.6 % The top three NYSE .PL.N percentage losers: ** GasLog Partners LLP , down 33.1 % ** Aurora Cannabis , down 25.8 % ** MediaAlpha Inc , down 21.4 % The top three Nasdaq .PG.O percentage gainers: ** Greenland Technologies Holding Corp , up 155.1 % ** TWC Tech Holdings II Equity Warrant , up 100 % ** ummit Wireless Technologies Inc , up 56.1 % The top three Nasdaq .PL.O percentage losers: ** Tattooed Chef Equity Warrant , down 22.9 % ** Voyage Therapeutics Inc , down 22.5 % ** Arena Pharmaceuticals Inc , down 22.5 % ** Norwegian Cruise Line NCLH.N: down 7.2% BUZZ-Falls on bigger-than-expected loss, weak H1 demand ** Boeing Co BA.N: up 5.6% BUZZ-Rises on report of MAX approval happening as soon as Nov 18 ** Eli Lilly LLY.N: up 3.1% BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug ** Holly Energy Partners HEP.N: up 4.6% BUZZ-Credit Suisse raises to outperform ** FreightCar America RAIL.O: down 13.3% BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 23.3% BUZZ-Enters patent agreement with Comcast ** Smart Sand Inc SND.O: up 5.6% BUZZ-Gains as cost cuts drive surprise profit ** Novavax Inc NVAX.O: down 13.1% BUZZ-Slips after at-the-market share sale agreement ** Peloton Interactive Inc PTON.O: up 5.7% BUZZ-Rises on partnership with Beyonce ** D.R. Horton Inc DHI.N: up 7.5% BUZZ-Up as FY 2021 sales forecast, results top estimates ** Viper Energy Partners LP VNOM.O: up 12.7% BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.0% BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 3.0% BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 3.5% BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 2.5% BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Papa John's International Inc PZZA.O: up 3% BUZZ-DB sees potential for sales growth next year, raises to 'buy' ** Simon Property Group Inc SPG.N: up 2.2% BUZZ-Street View: A vaccine to power Simon Property's rebound ** CureVac NV CVAC.O: up 5.6% BUZZ-Jumps on positive data from early-stage COVID-19 vaccine trial ** Ulta Beauty Inc ULTA.O: up 2.2% BUZZ-Rises on partnership with Target ** Square Inc SQ.N: down 3.9% BUZZ-Dips after $1 bln convertible debt raise ** TherapeuticsMD Inc TXMD.O: down 10.2% BUZZ-Falls on $30 mln equity raise ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 2.9% BUZZ-Rises as lab gets FDA approval to start COVID-19 testing ** Carnival Corp CCL.N: down 12.9% BUZZ-Drops on planned $1.5 bln equity raise; peers sag ** Arena Pharmaceuticals Inc ARNA.O: down 22.5% BUZZ-Plunges after lead drug fails eczema trial ** Kansas City Southern KSU.N: up 1.9% BUZZ-Up on share buyback program, dividend raise ** Beyond Meat Inc BYND.O: down 17.1% BUZZ-Set for worst day in over a year on quarterly sales shock ** Voyager Therapeutics Inc VYGR.O: down 22.5% BUZZ-Falls on delayed resumption of Parkinson's disease trial ** Walt Disney Co DIS.N: down 1.7% BUZZ-Unsure about California theme park reopening, shares fall ** AngloGold Ashanti Ltd AU.N: down 2.8% BUZZ-Down on suspension of operations at Argentinian mine ** Lipocine Inc LPCN.O: down 3.5% BUZZ-Falls as quarterly loss widens ** Revance Therapeutics Inc RVNC.O: down 9.6% BUZZ-Falls on likely delay in experimental injection approval ** AerCap Holdings nv AER.N: down 2.1% BUZZ-Slips on Q3 miss, MAX order cancellations ** Inovio Pharmaceuticals Inc INO.O: up 28.7% BUZZ-Expects FDA decision on vaccine trial in Nov, shares soar 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 The S&P 500 and the Nasdaq fell on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of some Big Tech companies that have benefited most from the pandemic.
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Horton Inc , up 7.5 % The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp , down 12.9 % ** Norwegian Cruise Line , down 7.2 % ** HollyFrontier Corp , down 6.6 % The top three NYSE .PG.N percentage gainers: ** Revlon Inc , up 57.3 % ** Quad Graphic , up 26.2 % ** Preferred Apartment Communities Inc , up 20.6 % The top three NYSE .PL.N percentage losers: ** GasLog Partners LLP , down 33.1 % ** Aurora Cannabis , down 25.8 % ** MediaAlpha Inc , down 21.4 % The top three Nasdaq .PG.O percentage gainers: ** Greenland Technologies Holding Corp , up 155.1 % ** TWC Tech Holdings II Equity Warrant , up 100 % ** ummit Wireless Technologies Inc , up 56.1 % The top three Nasdaq .PL.O percentage losers: ** Tattooed Chef Equity Warrant , down 22.9 % ** Voyage Therapeutics Inc , down 22.5 % ** Arena Pharmaceuticals Inc , down 22.5 % ** Norwegian Cruise Line NCLH.N: down 7.2% BUZZ-Falls on bigger-than-expected loss, weak H1 demand ** Boeing Co BA.N: up 5.6% BUZZ-Rises on report of MAX approval happening as soon as Nov 18 ** Eli Lilly LLY.N: up 3.1% BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug ** Holly Energy Partners HEP.N: up 4.6% BUZZ-Credit Suisse raises to outperform ** FreightCar America RAIL.O: down 13.3% BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 23.3% BUZZ-Enters patent agreement with Comcast ** Smart Sand Inc SND.O: up 5.6% BUZZ-Gains as cost cuts drive surprise profit ** Novavax Inc NVAX.O: down 13.1% BUZZ-Slips after at-the-market share sale agreement ** Peloton Interactive Inc PTON.O: up 5.7% BUZZ-Rises on partnership with Beyonce ** D.R. Horton Inc DHI.N: up 7.5% BUZZ-Up as FY 2021 sales forecast, results top estimates ** Viper Energy Partners LP VNOM.O: up 12.7% BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.0% BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 3.0% BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 3.5% BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 2.5% BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Papa John's International Inc PZZA.O: up 3% BUZZ-DB sees potential for sales growth next year, raises to 'buy' ** Simon Property Group Inc SPG.N: up 2.2% BUZZ-Street View: A vaccine to power Simon Property's rebound ** CureVac NV CVAC.O: up 5.6% BUZZ-Jumps on positive data from early-stage COVID-19 vaccine trial ** Ulta Beauty Inc ULTA.O: up 2.2% BUZZ-Rises on partnership with Target ** Square Inc SQ.N: down 3.9% BUZZ-Dips after $1 bln convertible debt raise ** TherapeuticsMD Inc TXMD.O: down 10.2% BUZZ-Falls on $30 mln equity raise ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 2.9% BUZZ-Rises as lab gets FDA approval to start COVID-19 testing ** Carnival Corp CCL.N: down 12.9% BUZZ-Drops on planned $1.5 bln equity raise; peers sag ** Arena Pharmaceuticals Inc ARNA.O: down 22.5% BUZZ-Plunges after lead drug fails eczema trial ** Kansas City Southern KSU.N: up 1.9% BUZZ-Up on share buyback program, dividend raise ** Beyond Meat Inc BYND.O: down 17.1% BUZZ-Set for worst day in over a year on quarterly sales shock ** Voyager Therapeutics Inc VYGR.O: down 22.5% BUZZ-Falls on delayed resumption of Parkinson's disease trial ** Walt Disney Co DIS.N: down 1.7% BUZZ-Unsure about California theme park reopening, shares fall ** AngloGold Ashanti Ltd AU.N: down 2.8% BUZZ-Down on suspension of operations at Argentinian mine ** Lipocine Inc LPCN.O: down 3.5% BUZZ-Falls as quarterly loss widens ** Revance Therapeutics Inc RVNC.O: down 9.6% BUZZ-Falls on likely delay in experimental injection approval ** AerCap Holdings nv AER.N: down 2.1% BUZZ-Slips on Q3 miss, MAX order cancellations ** Inovio Pharmaceuticals Inc INO.O: up 28.7% BUZZ-Expects FDA decision on vaccine trial in Nov, shares soar The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was up 0.53% at 29,311.6.
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Horton Inc , up 7.5 % The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp , down 12.9 % ** Norwegian Cruise Line , down 7.2 % ** HollyFrontier Corp , down 6.6 % The top three NYSE .PG.N percentage gainers: ** Revlon Inc , up 57.3 % ** Quad Graphic , up 26.2 % ** Preferred Apartment Communities Inc , up 20.6 % The top three NYSE .PL.N percentage losers: ** GasLog Partners LLP , down 33.1 % ** Aurora Cannabis , down 25.8 % ** MediaAlpha Inc , down 21.4 % The top three Nasdaq .PG.O percentage gainers: ** Greenland Technologies Holding Corp , up 155.1 % ** TWC Tech Holdings II Equity Warrant , up 100 % ** ummit Wireless Technologies Inc , up 56.1 % The top three Nasdaq .PL.O percentage losers: ** Tattooed Chef Equity Warrant , down 22.9 % ** Voyage Therapeutics Inc , down 22.5 % ** Arena Pharmaceuticals Inc , down 22.5 % ** Norwegian Cruise Line NCLH.N: down 7.2% BUZZ-Falls on bigger-than-expected loss, weak H1 demand ** Boeing Co BA.N: up 5.6% BUZZ-Rises on report of MAX approval happening as soon as Nov 18 ** Eli Lilly LLY.N: up 3.1% BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug ** Holly Energy Partners HEP.N: up 4.6% BUZZ-Credit Suisse raises to outperform ** FreightCar America RAIL.O: down 13.3% BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 23.3% BUZZ-Enters patent agreement with Comcast ** Smart Sand Inc SND.O: up 5.6% BUZZ-Gains as cost cuts drive surprise profit ** Novavax Inc NVAX.O: down 13.1% BUZZ-Slips after at-the-market share sale agreement ** Peloton Interactive Inc PTON.O: up 5.7% BUZZ-Rises on partnership with Beyonce ** D.R. Horton Inc DHI.N: up 7.5% BUZZ-Up as FY 2021 sales forecast, results top estimates ** Viper Energy Partners LP VNOM.O: up 12.7% BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.0% BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 3.0% BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 3.5% BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 2.5% BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Papa John's International Inc PZZA.O: up 3% BUZZ-DB sees potential for sales growth next year, raises to 'buy' ** Simon Property Group Inc SPG.N: up 2.2% BUZZ-Street View: A vaccine to power Simon Property's rebound ** CureVac NV CVAC.O: up 5.6% BUZZ-Jumps on positive data from early-stage COVID-19 vaccine trial ** Ulta Beauty Inc ULTA.O: up 2.2% BUZZ-Rises on partnership with Target ** Square Inc SQ.N: down 3.9% BUZZ-Dips after $1 bln convertible debt raise ** TherapeuticsMD Inc TXMD.O: down 10.2% BUZZ-Falls on $30 mln equity raise ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 2.9% BUZZ-Rises as lab gets FDA approval to start COVID-19 testing ** Carnival Corp CCL.N: down 12.9% BUZZ-Drops on planned $1.5 bln equity raise; peers sag ** Arena Pharmaceuticals Inc ARNA.O: down 22.5% BUZZ-Plunges after lead drug fails eczema trial ** Kansas City Southern KSU.N: up 1.9% BUZZ-Up on share buyback program, dividend raise ** Beyond Meat Inc BYND.O: down 17.1% BUZZ-Set for worst day in over a year on quarterly sales shock ** Voyager Therapeutics Inc VYGR.O: down 22.5% BUZZ-Falls on delayed resumption of Parkinson's disease trial ** Walt Disney Co DIS.N: down 1.7% BUZZ-Unsure about California theme park reopening, shares fall ** AngloGold Ashanti Ltd AU.N: down 2.8% BUZZ-Down on suspension of operations at Argentinian mine ** Lipocine Inc LPCN.O: down 3.5% BUZZ-Falls as quarterly loss widens ** Revance Therapeutics Inc RVNC.O: down 9.6% BUZZ-Falls on likely delay in experimental injection approval ** AerCap Holdings nv AER.N: down 2.1% BUZZ-Slips on Q3 miss, MAX order cancellations ** Inovio Pharmaceuticals Inc INO.O: up 28.7% BUZZ-Expects FDA decision on vaccine trial in Nov, shares soar 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 The S&P 500 and the Nasdaq fell on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of some Big Tech companies that have benefited most from the pandemic.
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5058.0
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2020-11-10 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Peloton, Beyond Meat, Voyager Therapeutics
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-peloton-beyond-meat-voyager-therapeutics-2020-11-10
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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
The S&P 500 and the Nasdaq dropped on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of some Big Tech companies that have benefited most from the pandemic. .N
At 11:51 ET, the Dow Jones Industrial Average .DJI was up 0.56% at 29,322.64. The S&P 500 .SPX was down 0.42% at 3,535.43 and the Nasdaq Composite .IXIC was down 1.35% at 11,555.711. The top three S&P 500 .PG.INX percentage gainers: ** Walgreens Boots Alliance Inc WBA.O, up 8.1% ** Ulta Beauty Inc ULTA.O, up 6.8% ** Howmet Aerospace Inc HWM.N, up 6.7% The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp CCL.N, down 10.8% ** Norwegian Cruise Line NCLH.N, down 6.5% ** Paycom Software Inc PAYC.N, down 6% The top three NYSE .PG.N percentage gainers: ** Boqii Holding Ltd BQ.N, up 20.7% ** Preferred Apartment Communities Inc APTS.N, up 18.6% ** Revlon Inc REV.N, up 17.9% The top three NYSE .PL.N percentage losers: ** GasLog Partners LLP GLOP.N, down 31.1% ** Ashford Hospitality Trust Inc AHT.N, down 22% ** Aurora Cannabis Inc ACB.N, down 21.9% The top three Nasdaq .PG.O percentage gainers: ** Greenland Technologies Holdings Corp GTEC.O, up 271.3% ** TWC Tech Holdings II Equity Warrant TWCTW.O, up 100% ** Summit Wireless Technologies Inc WISA.O, up 73.2% The top three Nasdaq .PL.O percentage losers: ** Arena Pharmaceuticals Inc ARNA.O, down 27.3% ** Praxis Precision Medicines Inc PRAX.O, down 24.5% ** Kandi Technologies Group Inc KNDI.O, down 22.4% ** Norwegian Cruise Line NCLH.N: down 6.5%
BUZZ-Falls on bigger-than-expected loss, weak H1 demand ** Boeing Co BA.N: up 6.6%
BUZZ-Rises on report of MAX approval happening as soon as Nov. 18
** Eli Lilly LLY.N: up 3.7%
BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug
** Holly Energy Partners HEP.N: up 4.2%
BUZZ-Credit Suisse raises to outperform
** FreightCar America RAIL.O: down 12.1%
BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 23.5%
BUZZ-Enters patent agreement with Comcast
** Smart Sand Inc SND.O: up 3.1%
BUZZ-Gains as cost cuts drive surprise profit ** Novavax Inc NVAX.O: down 14.0%
BUZZ-Slips after at-the-market share sale agreement ** Peloton Interactive Inc PTON.O: up 6.3%
BUZZ-Rises on partnership with Beyonce ** D.R. Horton Inc DHI.N: up 6.6%
BUZZ-Up as FY 2021 sales forecast, results top estimates ** Viper Energy Partners LP VNOM.O: up 8.3%
BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.7%
BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 2.4%
BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 3.9%
BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 4.3%
BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Papa John's International Inc PZZA.O: up 2.9%
BUZZ-DB sees potential for sales growth next year, raises to 'buy' ** CureVac NV CVAC.O: up 4.3%
BUZZ-Jumps on positive data from early-stage COVID-19 vaccine trial ** Ulta Beauty Inc ULTA.O: up 1.2%
BUZZ-Rises on partnership with Target ** Square Inc SQ.N: down 3.4%
BUZZ-Dips after $1 bln convertible debt raise ** TherapeuticsMD Inc TXMD.O: down 9.2%
BUZZ-Falls on $30 mln equity raise ** Evergy Inc EVRG.N: up 1.5%
BUZZ-Gains as Elliott seeks restart of deal talks with NextEra ** Carnival Corp CCL.N: down 10.8%
BUZZ-Drops on planned $1.5 bln equity raise; peers sag
** Arena Pharmaceuticals Inc ARNA.O: down 27.3%
BUZZ-Plunges after lead drug fails eczema trial ** JPMorgan Chase & Co JPM.N: down 0.8% ** Bank of America BAC.N: down 0.9% ** Wells Fargo AND Co WFC.N: down 1.0% ** Goldman Sachs Group GS.N: down 0.7% ** Morgan Stanley MS.N: down 1.1% ** Citigroup Inc C.N: up 0.6%
BUZZ-U.S. big banks serve up mixed bag as vaccine cheer fades ** Beyond Meat Inc BYND.O: down 20.2%
BUZZ-Set for worst day in over a year on quarterly sales shock ** Voyager Therapeutics Inc VYGR.O: down 22.1%
BUZZ-Falls on delayed resumption of Parkinson's disease trial
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.64%
Consumer Discretionary
.SPLRCD
down 0.70%
Consumer Staples
.SPLRCS
up 1.35%
Energy
.SPNY
up 0.79%
Financial
.SPSY
down 0.06%
Health
.SPXHC
down 0.10%
Industrial
.SPLRCI
up 1.80%
Information Technology
.SPLRCT
down 1.13%
Materials
.SPLRCM
up 0.74%
Real Estate
.SPLRCR
down 0.04%
Utilities
.SPLRCU
up 0.63%
(Compiled by Eva Mathews in Bengaluru)
((eva.mathews@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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Horton Inc DHI.N: up 6.6% BUZZ-Up as FY 2021 sales forecast, results top estimates ** Viper Energy Partners LP VNOM.O: up 8.3% BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.7% BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 2.4% BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 3.9% BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 4.3% BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Papa John's International Inc PZZA.O: up 2.9% BUZZ-DB sees potential for sales growth next year, raises to 'buy' ** CureVac NV CVAC.O: up 4.3% BUZZ-Jumps on positive data from early-stage COVID-19 vaccine trial ** Ulta Beauty Inc ULTA.O: up 1.2% BUZZ-Rises on partnership with Target ** Square Inc SQ.N: down 3.4% BUZZ-Dips after $1 bln convertible debt raise ** TherapeuticsMD Inc TXMD.O: down 9.2% BUZZ-Falls on $30 mln equity raise ** Evergy Inc EVRG.N: up 1.5% BUZZ-Gains as Elliott seeks restart of deal talks with NextEra ** Carnival Corp CCL.N: down 10.8% BUZZ-Drops on planned $1.5 bln equity raise; peers sag ** Arena Pharmaceuticals Inc ARNA.O: down 27.3% BUZZ-Plunges after lead drug fails eczema trial ** JPMorgan Chase & Co JPM.N: down 0.8% ** Bank of America BAC.N: down 0.9% ** Wells Fargo AND Co WFC.N: down 1.0% ** Goldman Sachs Group GS.N: down 0.7% ** Morgan Stanley MS.N: down 1.1% ** Citigroup Inc C.N: up 0.6% BUZZ-U.S. big banks serve up mixed bag as vaccine cheer fades ** Beyond Meat Inc BYND.O: down 20.2% BUZZ-Set for worst day in over a year on quarterly sales shock ** Voyager Therapeutics Inc VYGR.O: down 22.1% BUZZ-Falls on delayed resumption of Parkinson's disease trial 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 The S&P 500 and the Nasdaq dropped on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of some Big Tech companies that have benefited most from the pandemic. The top three S&P 500 .PG.INX percentage gainers: ** Walgreens Boots Alliance Inc WBA.O, up 8.1% ** Ulta Beauty Inc ULTA.O, up 6.8% ** Howmet Aerospace Inc HWM.N, up 6.7% The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp CCL.N, down 10.8% ** Norwegian Cruise Line NCLH.N, down 6.5% ** Paycom Software Inc PAYC.N, down 6% The top three NYSE .PG.N percentage gainers: ** Boqii Holding Ltd BQ.N, up 20.7% ** Preferred Apartment Communities Inc APTS.N, up 18.6% ** Revlon Inc REV.N, up 17.9% The top three NYSE .PL.N percentage losers: ** GasLog Partners LLP GLOP.N, down 31.1% ** Ashford Hospitality Trust Inc AHT.N, down 22% ** Aurora Cannabis Inc ACB.N, down 21.9% The top three Nasdaq .PG.O percentage gainers: ** Greenland Technologies Holdings Corp GTEC.O, up 271.3% ** TWC Tech Holdings II Equity Warrant TWCTW.O, up 100% ** Summit Wireless Technologies Inc WISA.O, up 73.2% The top three Nasdaq .PL.O percentage losers: ** Arena Pharmaceuticals Inc ARNA.O, down 27.3% ** Praxis Precision Medicines Inc PRAX.O, down 24.5% ** Kandi Technologies Group Inc KNDI.O, down 22.4% ** Norwegian Cruise Line NCLH.N: down 6.5% BUZZ-Falls on bigger-than-expected loss, weak H1 demand ** Boeing Co BA.N: up 6.6% BUZZ-Rises on report of MAX approval happening as soon as Nov. 18 ** Eli Lilly LLY.N: up 3.7% BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug ** Holly Energy Partners HEP.N: up 4.2% BUZZ-Credit Suisse raises to outperform ** FreightCar America RAIL.O: down 12.1% BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 23.5% BUZZ-Enters patent agreement with Comcast ** Smart Sand Inc SND.O: up 3.1% BUZZ-Gains as cost cuts drive surprise profit ** Novavax Inc NVAX.O: down 14.0% BUZZ-Slips after at-the-market share sale agreement ** Peloton Interactive Inc PTON.O: up 6.3% BUZZ-Rises on partnership with Beyonce ** D.R.
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Horton Inc DHI.N: up 6.6% BUZZ-Up as FY 2021 sales forecast, results top estimates ** Viper Energy Partners LP VNOM.O: up 8.3% BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.7% BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 2.4% BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 3.9% BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 4.3% BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Papa John's International Inc PZZA.O: up 2.9% BUZZ-DB sees potential for sales growth next year, raises to 'buy' ** CureVac NV CVAC.O: up 4.3% BUZZ-Jumps on positive data from early-stage COVID-19 vaccine trial ** Ulta Beauty Inc ULTA.O: up 1.2% BUZZ-Rises on partnership with Target ** Square Inc SQ.N: down 3.4% BUZZ-Dips after $1 bln convertible debt raise ** TherapeuticsMD Inc TXMD.O: down 9.2% BUZZ-Falls on $30 mln equity raise ** Evergy Inc EVRG.N: up 1.5% BUZZ-Gains as Elliott seeks restart of deal talks with NextEra ** Carnival Corp CCL.N: down 10.8% BUZZ-Drops on planned $1.5 bln equity raise; peers sag ** Arena Pharmaceuticals Inc ARNA.O: down 27.3% BUZZ-Plunges after lead drug fails eczema trial ** JPMorgan Chase & Co JPM.N: down 0.8% ** Bank of America BAC.N: down 0.9% ** Wells Fargo AND Co WFC.N: down 1.0% ** Goldman Sachs Group GS.N: down 0.7% ** Morgan Stanley MS.N: down 1.1% ** Citigroup Inc C.N: up 0.6% BUZZ-U.S. big banks serve up mixed bag as vaccine cheer fades ** Beyond Meat Inc BYND.O: down 20.2% BUZZ-Set for worst day in over a year on quarterly sales shock ** Voyager Therapeutics Inc VYGR.O: down 22.1% BUZZ-Falls on delayed resumption of Parkinson's disease trial 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 The S&P 500 and the Nasdaq dropped on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of some Big Tech companies that have benefited most from the pandemic. The top three S&P 500 .PG.INX percentage gainers: ** Walgreens Boots Alliance Inc WBA.O, up 8.1% ** Ulta Beauty Inc ULTA.O, up 6.8% ** Howmet Aerospace Inc HWM.N, up 6.7% The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp CCL.N, down 10.8% ** Norwegian Cruise Line NCLH.N, down 6.5% ** Paycom Software Inc PAYC.N, down 6% The top three NYSE .PG.N percentage gainers: ** Boqii Holding Ltd BQ.N, up 20.7% ** Preferred Apartment Communities Inc APTS.N, up 18.6% ** Revlon Inc REV.N, up 17.9% The top three NYSE .PL.N percentage losers: ** GasLog Partners LLP GLOP.N, down 31.1% ** Ashford Hospitality Trust Inc AHT.N, down 22% ** Aurora Cannabis Inc ACB.N, down 21.9% The top three Nasdaq .PG.O percentage gainers: ** Greenland Technologies Holdings Corp GTEC.O, up 271.3% ** TWC Tech Holdings II Equity Warrant TWCTW.O, up 100% ** Summit Wireless Technologies Inc WISA.O, up 73.2% The top three Nasdaq .PL.O percentage losers: ** Arena Pharmaceuticals Inc ARNA.O, down 27.3% ** Praxis Precision Medicines Inc PRAX.O, down 24.5% ** Kandi Technologies Group Inc KNDI.O, down 22.4% ** Norwegian Cruise Line NCLH.N: down 6.5% BUZZ-Falls on bigger-than-expected loss, weak H1 demand ** Boeing Co BA.N: up 6.6% BUZZ-Rises on report of MAX approval happening as soon as Nov. 18 ** Eli Lilly LLY.N: up 3.7% BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug ** Holly Energy Partners HEP.N: up 4.2% BUZZ-Credit Suisse raises to outperform ** FreightCar America RAIL.O: down 12.1% BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 23.5% BUZZ-Enters patent agreement with Comcast ** Smart Sand Inc SND.O: up 3.1% BUZZ-Gains as cost cuts drive surprise profit ** Novavax Inc NVAX.O: down 14.0% BUZZ-Slips after at-the-market share sale agreement ** Peloton Interactive Inc PTON.O: up 6.3% BUZZ-Rises on partnership with Beyonce ** D.R.
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Horton Inc DHI.N: up 6.6% BUZZ-Up as FY 2021 sales forecast, results top estimates ** Viper Energy Partners LP VNOM.O: up 8.3% BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.7% BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 2.4% BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 3.9% BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 4.3% BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Papa John's International Inc PZZA.O: up 2.9% BUZZ-DB sees potential for sales growth next year, raises to 'buy' ** CureVac NV CVAC.O: up 4.3% BUZZ-Jumps on positive data from early-stage COVID-19 vaccine trial ** Ulta Beauty Inc ULTA.O: up 1.2% BUZZ-Rises on partnership with Target ** Square Inc SQ.N: down 3.4% BUZZ-Dips after $1 bln convertible debt raise ** TherapeuticsMD Inc TXMD.O: down 9.2% BUZZ-Falls on $30 mln equity raise ** Evergy Inc EVRG.N: up 1.5% BUZZ-Gains as Elliott seeks restart of deal talks with NextEra ** Carnival Corp CCL.N: down 10.8% BUZZ-Drops on planned $1.5 bln equity raise; peers sag ** Arena Pharmaceuticals Inc ARNA.O: down 27.3% BUZZ-Plunges after lead drug fails eczema trial ** JPMorgan Chase & Co JPM.N: down 0.8% ** Bank of America BAC.N: down 0.9% ** Wells Fargo AND Co WFC.N: down 1.0% ** Goldman Sachs Group GS.N: down 0.7% ** Morgan Stanley MS.N: down 1.1% ** Citigroup Inc C.N: up 0.6% BUZZ-U.S. big banks serve up mixed bag as vaccine cheer fades ** Beyond Meat Inc BYND.O: down 20.2% BUZZ-Set for worst day in over a year on quarterly sales shock ** Voyager Therapeutics Inc VYGR.O: down 22.1% BUZZ-Falls on delayed resumption of Parkinson's disease trial The 11 major S&P 500 sectors: Communication Services .N At 11:51 ET, the Dow Jones Industrial Average .DJI was up 0.56% at 29,322.64. The top three S&P 500 .PG.INX percentage gainers: ** Walgreens Boots Alliance Inc WBA.O, up 8.1% ** Ulta Beauty Inc ULTA.O, up 6.8% ** Howmet Aerospace Inc HWM.N, up 6.7% The top three S&P 500 .PL.INX percentage losers: ** Carnival Corp CCL.N, down 10.8% ** Norwegian Cruise Line NCLH.N, down 6.5% ** Paycom Software Inc PAYC.N, down 6% The top three NYSE .PG.N percentage gainers: ** Boqii Holding Ltd BQ.N, up 20.7% ** Preferred Apartment Communities Inc APTS.N, up 18.6% ** Revlon Inc REV.N, up 17.9% The top three NYSE .PL.N percentage losers: ** GasLog Partners LLP GLOP.N, down 31.1% ** Ashford Hospitality Trust Inc AHT.N, down 22% ** Aurora Cannabis Inc ACB.N, down 21.9% The top three Nasdaq .PG.O percentage gainers: ** Greenland Technologies Holdings Corp GTEC.O, up 271.3% ** TWC Tech Holdings II Equity Warrant TWCTW.O, up 100% ** Summit Wireless Technologies Inc WISA.O, up 73.2% The top three Nasdaq .PL.O percentage losers: ** Arena Pharmaceuticals Inc ARNA.O, down 27.3% ** Praxis Precision Medicines Inc PRAX.O, down 24.5% ** Kandi Technologies Group Inc KNDI.O, down 22.4% ** Norwegian Cruise Line NCLH.N: down 6.5% BUZZ-Falls on bigger-than-expected loss, weak H1 demand ** Boeing Co BA.N: up 6.6% BUZZ-Rises on report of MAX approval happening as soon as Nov. 18 ** Eli Lilly LLY.N: up 3.7% BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug ** Holly Energy Partners HEP.N: up 4.2% BUZZ-Credit Suisse raises to outperform ** FreightCar America RAIL.O: down 12.1% BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 23.5% BUZZ-Enters patent agreement with Comcast ** Smart Sand Inc SND.O: up 3.1% BUZZ-Gains as cost cuts drive surprise profit ** Novavax Inc NVAX.O: down 14.0% BUZZ-Slips after at-the-market share sale agreement ** Peloton Interactive Inc PTON.O: up 6.3% BUZZ-Rises on partnership with Beyonce ** D.R.
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Horton Inc DHI.N: up 6.6% BUZZ-Up as FY 2021 sales forecast, results top estimates ** Viper Energy Partners LP VNOM.O: up 8.3% BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.7% BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 2.4% BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 3.9% BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 4.3% BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Papa John's International Inc PZZA.O: up 2.9% BUZZ-DB sees potential for sales growth next year, raises to 'buy' ** CureVac NV CVAC.O: up 4.3% BUZZ-Jumps on positive data from early-stage COVID-19 vaccine trial ** Ulta Beauty Inc ULTA.O: up 1.2% BUZZ-Rises on partnership with Target ** Square Inc SQ.N: down 3.4% BUZZ-Dips after $1 bln convertible debt raise ** TherapeuticsMD Inc TXMD.O: down 9.2% BUZZ-Falls on $30 mln equity raise ** Evergy Inc EVRG.N: up 1.5% BUZZ-Gains as Elliott seeks restart of deal talks with NextEra ** Carnival Corp CCL.N: down 10.8% BUZZ-Drops on planned $1.5 bln equity raise; peers sag ** Arena Pharmaceuticals Inc ARNA.O: down 27.3% BUZZ-Plunges after lead drug fails eczema trial ** JPMorgan Chase & Co JPM.N: down 0.8% ** Bank of America BAC.N: down 0.9% ** Wells Fargo AND Co WFC.N: down 1.0% ** Goldman Sachs Group GS.N: down 0.7% ** Morgan Stanley MS.N: down 1.1% ** Citigroup Inc C.N: up 0.6% BUZZ-U.S. big banks serve up mixed bag as vaccine cheer fades ** Beyond Meat Inc BYND.O: down 20.2% BUZZ-Set for worst day in over a year on quarterly sales shock ** Voyager Therapeutics Inc VYGR.O: down 22.1% BUZZ-Falls on delayed resumption of Parkinson's disease trial 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 The S&P 500 and the Nasdaq dropped on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of some Big Tech companies that have benefited most from the pandemic. .N At 11:51 ET, the Dow Jones Industrial Average .DJI was up 0.56% at 29,322.64.
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5059.0
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2020-11-10 00:00:00 UTC
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Delta Stock Is Soaring But There Could Be Turbulence Ahead
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AAL
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https://www.nasdaq.com/articles/delta-stock-is-soaring-but-there-could-be-turbulence-ahead-2020-11-10
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It is rarely a good idea to chase massive stock spikes like the one that happened yesterday. Pfizer (NYSE:PFE) delivered the great news that its vaccine promises to be more than 90% effective. Investors breathed a heavy sigh of relief. The problem with relief pops is that they fade. PFE did not indicate that the availability was imminent, yet stocks rallied as if we found a cure effective today. Among them, Delta Airlines (NYSE:DAL) rallied 17% and that wasn’t even the high of the day. Having a vaccine would be great for Delta Air Lines stock because it suggests more travel activity.
DAL) plane flying through the clouds" width="300" height="169">
Source: NextNewMedia / Shutterstock.com
My note today will sound like I am bearish, but I am not. In fact, my last write up about DAL stock was bullish. I want them to succeed so that thousands of their employees don’t lose their jobs.
Those who are long the stock already have gains and can stay long. Newcomers should be more patient.
The Monday spike was great news for investors who are already long Delta Air Lines stock. But it makes for a potential bull trap for those joining the party too late. Near $37 per share, DAL stock will face levels that should be more difficult for buyers.
I’ve been on the bullish side of the stock almost on every dip. But I’ve also suggested fading the extreme spikes mid-June and to buy the dips closer to $24. All of this worked out well back then and apply here today.
Delta Air Lines Stock Could Repeat the June Swoon
Source: Charts by TradingView
7 A-Rated Stocks To Buy That Are All-Weather Winners
The message now is almost exactly the same. From here it’s best to either chase the breakout above Monday’s high, or buy the dip. The reward from an even higher high this week could take it to eventually challenge $50 per share. It would make better sense if it fades a little to set better footing.
Fundamentally DAL stock is still heavily hurt. They are still bleeding millions every day because of low demand. The whole airline industry is still in dire straits.
According to the TSA screenings, traffic is down 60% to last year. This is about a 10% point improvement in recent trends but far from normal still. The news from Pfizer does not flip a switch on that but it helps a lot. Having the vaccine eventually could be the thing people need to travel more.
Meanwhile, Wall Street likes to price everything in right away. Then they spend a few weeks mulling it over sideways to down. This would constitute normal price action, and that’s how the bulls gather momentum for more upside.
Better Be Safe Than Sorry
The cautious tone today is not against the company’s prospects. This is purely a reminder that nothing rallies forever without establishing better bases. The bulls are now in charge of DAL stock so my cautionary tale is merely a note of patience.
I was right in June and I think I can be right again here. I reiterate the strategy now albeit the dip shouldn’t be as deep as before. Waiting to buy-the-dip or chasing the breakout after confirmation are the best courses of action. Again, those in it for the long haul did well off the March lows.
The environment is improving for the whole cohort and they’ve raised the cash they need to sit through it. Delta Airlines will emerge out of this crisis stronger than ever. Management has retained good spending habits and is making more with what they have. They’ve also gone to great lengths to shore up their cash positions. It looks like the good news is coming and that it’s only a matter of time.
Sentiment is a huge variable in the stock prices. Unfortunately, it is fickle and it swings wildly in either directions. On Monday everybody was too happy all at the same time. In my experience, it is best to sit those out and book some short-term profits. Those who are looking for new positions would be risking a lot in the short term buying the massive spikes.
The stock fell more than 7% in mere minutes on the day of the Pfizer news. If investors have more discipline, trades will have longer shelf-life.
Patience Is Key Here
There is good news. If I am correct that DAL stock will fade in the next few weeks, it’s only temporary. Dips are important so that the buyers can gather enough momentum to finally punch through and fill the gaps above. Breaking trough the resistance means it can finally target $50.
If investors are long the stock for the long-term recovery, then by all means they should stay in it. Investors seeking new swing trade positions should wait for cheaper prices soon. If they can’t wait they should take partial positions to manage the risk.
The best news about this is that Pfizer has restored the faith in an impending solution. I am looking forward to this so that our lives can return to what they were before. I hope that the “new normal” would be as close to the old normal as possible. In the meantime, airlines stocks will have extra costs in order to deal with virus protocols.
On the date of publication, Nicolas Chahine did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Nicolas Chahine is the managing director of SellSpreads.com.
The post Delta Stock Is Soaring But There Could Be Turbulence Ahead appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DAL) plane flying through the clouds" width="300" height="169"> Source: NextNewMedia / Shutterstock.com My note today will sound like I am bearish, but I am not. The Monday spike was great news for investors who are already long Delta Air Lines stock. On the date of publication, Nicolas Chahine did not have (either directly or indirectly) any positions in the securities mentioned in this article.
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Among them, Delta Airlines (NYSE:DAL) rallied 17% and that wasn’t even the high of the day. Having a vaccine would be great for Delta Air Lines stock because it suggests more travel activity. The Monday spike was great news for investors who are already long Delta Air Lines stock.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips It is rarely a good idea to chase massive stock spikes like the one that happened yesterday. The Monday spike was great news for investors who are already long Delta Air Lines stock. Delta Air Lines Stock Could Repeat the June Swoon Source: Charts by TradingView 7 A-Rated Stocks To Buy That Are All-Weather Winners The message now is almost exactly the same.
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Among them, Delta Airlines (NYSE:DAL) rallied 17% and that wasn’t even the high of the day. The Monday spike was great news for investors who are already long Delta Air Lines stock. This would constitute normal price action, and that’s how the bulls gather momentum for more upside.
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5060.0
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2020-11-10 00:00:00 UTC
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Report: Boeing's 737 MAX Could Be Cleared to Fly Next Week
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AAL
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https://www.nasdaq.com/articles/report%3A-boeings-737-max-could-be-cleared-to-fly-next-week-2020-11-10
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nan
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nan
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Boeing's (NYSE: BA) long-troubled 737 MAX airplane could be cleared to fly as soon as Nov. 18, according to Reuters.
The MAX has been grounded since March 2019 after a pair of fatal accidents, but Boeing has been working with U.S. and international regulators toward winning approval for changes in the software designed to prevent further accidents.
Image source: Boeing.
Steve Dickson, head of the Federal Aviation Administration, late Monday told Reuters that the recertification process "will be finished in the coming days." Reuters, citing sources briefed on the matter, said the FAA plans to approve the plane as soon as Nov. 18.
At least one airline, American Airlines Group (NASDAQ: AAL), has announced plans to fly the 737 MAX later this year, assuming it is cleared to fly.
Recertification would be a big tailwind for Boeing. The company has bled through more than $15 billion in cash in the first nine months of 2020, and needs to resume deliveries to reverse that trend and refill its cash coffers. The company has more than 400 737 MAX planes on its lots that have been assembled but could not be delivered during the grounding.
But finding homes for all those planes could be difficult. Airlines have scaled back growth plans due to the pandemic, and many buyers have deferred or canceled orders. Aircraft leasing company AerCap Holdings (NYSE: AER) on Tuesday said it canceled orders for 24 MAX aircraft during the third quarter, a fresh reminder of the challenges Boeing faces as it tries to work through its inventory.
10 stocks we like better than Boeing
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 Boeing 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 October 20, 2020
Lou Whiteman owns shares of AerCap Holdings. The Motley Fool recommends AerCap 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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At least one airline, American Airlines Group (NASDAQ: AAL), has announced plans to fly the 737 MAX later this year, assuming it is cleared to fly. Boeing's (NYSE: BA) long-troubled 737 MAX airplane could be cleared to fly as soon as Nov. 18, according to Reuters. Steve Dickson, head of the Federal Aviation Administration, late Monday told Reuters that the recertification process "will be finished in the coming days."
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At least one airline, American Airlines Group (NASDAQ: AAL), has announced plans to fly the 737 MAX later this year, assuming it is cleared to fly. Aircraft leasing company AerCap Holdings (NYSE: AER) on Tuesday said it canceled orders for 24 MAX aircraft during the third quarter, a fresh reminder of the challenges Boeing faces as it tries to work through its inventory. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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At least one airline, American Airlines Group (NASDAQ: AAL), has announced plans to fly the 737 MAX later this year, assuming it is cleared to fly. Aircraft leasing company AerCap Holdings (NYSE: AER) on Tuesday said it canceled orders for 24 MAX aircraft during the third quarter, a fresh reminder of the challenges Boeing faces as it tries to work through its inventory. 10 stocks we like better than Boeing When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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At least one airline, American Airlines Group (NASDAQ: AAL), has announced plans to fly the 737 MAX later this year, assuming it is cleared to fly. Reuters, citing sources briefed on the matter, said the FAA plans to approve the plane as soon as Nov. 18. That's right -- they think these 10 stocks are even better buys.
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5061.0
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2020-11-10 00:00:00 UTC
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American Airlines to Raise $500 Million in Secondary Stock Offering
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AAL
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https://www.nasdaq.com/articles/american-airlines-to-raise-%24500-million-in-secondary-stock-offering-2020-11-10
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nan
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nan
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Shares of American Airlines Group (NASDAQ: AAL) jumped 15% on Monday after Pfizer reported a significant milestone toward the development of a COVID-19 vaccine. On Tuesday, American announced plans to sell shares into that rally, seeking to raise about $500 million in additional liquidity.
American and other airlines have been hit hard by the pandemic, and with travel volumes not expected to return to pre-pandemic levels for years, the industry has been scrambling to raise cash to weather the crisis.
Image source: American Airlines.
American, on Tuesday morning, said that it intends to sell 38.5 million shares of its common stock, with an underwriter allotment to buy an additional 5.78 million shares, with the proceeds used for general corporate purposes and to enhance liquidity. At the company's $13.20 closing price on Monday, the offering would raise $508.2 million before the underwriter's option.
The airline bled through about $44 million in cash per day in the third quarter, and expects to burn between $25 million and $30 million per day in the current quarter. The company ended the quarter with $13.6 billion in available liquidity, but given the uncertainty about the pandemic and how long it will take for passengers to return carriers are trying to raise as much cash as possible.
The offering is a positive development for American holders, as the additional cash makes it more likely the airline can survive the crisis. However, it is a reminder that survival comes at a cost to shareholders in terms of dilution, and the airlines who do survive will have bruised balance sheets for years due to the added debt taken on in 2020.
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. 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 American Airlines Group 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 October 20, 2020
Lou Whiteman 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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Shares of American Airlines Group (NASDAQ: AAL) jumped 15% on Monday after Pfizer reported a significant milestone toward the development of a COVID-19 vaccine. American and other airlines have been hit hard by the pandemic, and with travel volumes not expected to return to pre-pandemic levels for years, the industry has been scrambling to raise cash to weather the crisis. The company ended the quarter with $13.6 billion in available liquidity, but given the uncertainty about the pandemic and how long it will take for passengers to return carriers are trying to raise as much cash as possible.
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Shares of American Airlines Group (NASDAQ: AAL) jumped 15% on Monday after Pfizer reported a significant milestone toward the development of a COVID-19 vaccine. American, on Tuesday morning, said that it intends to sell 38.5 million shares of its common stock, with an underwriter allotment to buy an additional 5.78 million shares, with the proceeds used for general corporate purposes and to enhance liquidity. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Shares of American Airlines Group (NASDAQ: AAL) jumped 15% on Monday after Pfizer reported a significant milestone toward the development of a COVID-19 vaccine. American, on Tuesday morning, said that it intends to sell 38.5 million shares of its common stock, with an underwriter allotment to buy an additional 5.78 million shares, with the proceeds used for general corporate purposes and to enhance liquidity. 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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Shares of American Airlines Group (NASDAQ: AAL) jumped 15% on Monday after Pfizer reported a significant milestone toward the development of a COVID-19 vaccine. The offering is a positive development for American holders, as the additional cash makes it more likely the airline can survive the crisis. That's right -- they think these 10 stocks are even better buys.
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5062.0
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2020-11-10 00:00:00 UTC
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American Airlines announces stock offering of 38.5 mln shares
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AAL
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https://www.nasdaq.com/articles/american-airlines-announces-stock-offering-of-38.5-mln-shares-2020-11-10
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Nov 10 (Reuters) - American Airlines Group Inc AAL.O announced a proposed underwritten public offering of 38.5 million shares of its common stock on Tuesday, as the airline looks to boost its liquidity amid falling sales during the coronavirus crisis.
Sole bookrunner Bank of America has priced the offering at $13 per share, representing a discount of 1.5% to the airline's closing price on Monday, according to sources.
American Airlines said it expects to use the net proceeds from the offering for general corporate purposes.
The airline said it expects to end the fourth quarter with more than $14.5 billion in total available liquidity, up from $13.6 billion at the end of the third quarter. (https://bit.ly/2IqhXrH)
Up to Monday's close, American's stock had fallen 54% this year, underperforming a 6.5% rise in the Dow Jones Transport Average index .DJT.
(Reporting by Ankit Ajmera and Lance Tupper; Lance Tupper is a Reuters markets analyst. The views expressed are his own; Editing by Krishna Chandra Eluri)
((ankit.ajmera@thomsonreuters.com; lance.tupper.tr.com@reuters.net lance.tupper@tr.com 1-332-219-1430))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Nov 10 (Reuters) - American Airlines Group Inc AAL.O announced a proposed underwritten public offering of 38.5 million shares of its common stock on Tuesday, as the airline looks to boost its liquidity amid falling sales during the coronavirus crisis. American Airlines said it expects to use the net proceeds from the offering for general corporate purposes. (https://bit.ly/2IqhXrH) Up to Monday's close, American's stock had fallen 54% this year, underperforming a 6.5% rise in the Dow Jones Transport Average index .DJT.
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Nov 10 (Reuters) - American Airlines Group Inc AAL.O announced a proposed underwritten public offering of 38.5 million shares of its common stock on Tuesday, as the airline looks to boost its liquidity amid falling sales during the coronavirus crisis. Sole bookrunner Bank of America has priced the offering at $13 per share, representing a discount of 1.5% to the airline's closing price on Monday, according to sources. (https://bit.ly/2IqhXrH) Up to Monday's close, American's stock had fallen 54% this year, underperforming a 6.5% rise in the Dow Jones Transport Average index .DJT.
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Nov 10 (Reuters) - American Airlines Group Inc AAL.O announced a proposed underwritten public offering of 38.5 million shares of its common stock on Tuesday, as the airline looks to boost its liquidity amid falling sales during the coronavirus crisis. Sole bookrunner Bank of America has priced the offering at $13 per share, representing a discount of 1.5% to the airline's closing price on Monday, according to sources. The airline said it expects to end the fourth quarter with more than $14.5 billion in total available liquidity, up from $13.6 billion at the end of the third quarter.
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Nov 10 (Reuters) - American Airlines Group Inc AAL.O announced a proposed underwritten public offering of 38.5 million shares of its common stock on Tuesday, as the airline looks to boost its liquidity amid falling sales during the coronavirus crisis. Sole bookrunner Bank of America has priced the offering at $13 per share, representing a discount of 1.5% to the airline's closing price on Monday, according to sources. American Airlines said it expects to use the net proceeds from the offering for general corporate purposes.
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5063.0
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2020-11-10 00:00:00 UTC
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Pre-Market Most Active for Nov 10, 2020 : AAL, CCL, ACB, NIO, AMC, SQQQ, QQQ, PFE, AAPL, GE, VOD, TLRY
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-10-2020-%3A-aal-ccl-acb-nio-amc-sqqq-qqq-pfe-aapl-ge-vod-tlry
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The NASDAQ 100 Pre-Market Indicator is down -163.33 to 11,667.06. The total Pre-Market volume is currently 52,090,567 shares traded.
The following are the most active stocks for the pre-market session:
American Airlines Group, Inc. (AAL) is -0.08 at $13.12, with 5,140,287 shares traded. AAL's current last sale is 131.2% of the target price of $10.
Carnival Corporation (CCL) is +0.9 at $20.15, with 4,294,805 shares traded. CCL's current last sale is 143.93% of the target price of $14.
Aurora Cannabis Inc. (ACB) is -1.4702 at $9.74, with 2,956,331 shares traded. ACB's current last sale is 115.91% of the target price of $8.403.
NIO Inc. (NIO) is +0.11 at $44.13, with 2,909,768 shares traded.NIO is scheduled to provide an earnings report on 11/17/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -0.17 per share, which represents a -33 percent increase over the EPS one Year Ago
AMC Entertainment Holdings, Inc. (AMC) is +0.32 at $4.09, with 2,709,710 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021. The consensus EPS forecast is $-0.87. AMC's current last sale is 116.86% of the target price of $3.5.
ProShares UltraPro Short QQQ (SQQQ) is +0.9 at $20.88, with 2,547,795 shares traded. This represents a 10.18% increase from its 52 Week Low.
Invesco QQQ Trust, Series 1 (QQQ) is -4.32 at $284.27, with 2,463,860 shares traded. This represents a 72.36% increase from its 52 Week Low.
Pfizer, Inc. (PFE) is +1.4 at $40.60, with 2,179,125 shares traded. PFE's current last sale is 100.25% of the target price of $40.5.
Apple Inc. (AAPL) is -1.2 at $115.12, with 1,998,199 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 $1.39. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
General Electric Company (GE) is +0.16 at $8.88, with 1,405,185 shares traded. As reported by Zacks, the current mean recommendation for GE is in the "buy range".
Vodafone Group Plc (VOD) is +0.45 at $15.34, with 1,089,165 shares traded. As reported by Zacks, the current mean recommendation for VOD is in the "buy range".
Tilray, Inc. (TLRY) is -0.85 at $9.25, with 1,052,404 shares traded. TLRY's current last sale is 124.16% of the target price of $7.45.
The views and 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 -0.08 at $13.12, with 5,140,287 shares traded. AAL's current last sale is 131.2% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021.
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American Airlines Group, Inc. (AAL) is -0.08 at $13.12, with 5,140,287 shares traded. AAL's current last sale is 131.2% of the target price of $10. The consensus earnings per share forecast is -0.17 per share, which represents a -33 percent increase over the EPS one Year Ago
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American Airlines Group, Inc. (AAL) is -0.08 at $13.12, with 5,140,287 shares traded. AAL's current last sale is 131.2% of the target price of $10. The total Pre-Market volume is currently 52,090,567 shares traded.
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American Airlines Group, Inc. (AAL) is -0.08 at $13.12, with 5,140,287 shares traded. AAL's current last sale is 131.2% of the target price of $10. The NASDAQ 100 Pre-Market Indicator is down -163.33 to 11,667.06.
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5064.0
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2020-11-10 00:00:00 UTC
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American Airlines Plans Proposed Public Offering Of 38.5 Mln Of Common Stock - Quick Facts
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AAL
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https://www.nasdaq.com/articles/american-airlines-plans-proposed-public-offering-of-38.5-mln-of-common-stock-quick-facts
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(RTTNews) - American Airlines Group Inc. (AAL) announced Tuesday a proposed underwritten public offering of 38.50 million shares of its common stock.
The Company intends to grant the underwriter of the offering a 30-day option to purchase, in whole or in part, up to 5,775,000 of additional shares of Common Stock. BofA Securities is acting as the sole underwriter for the offering.
The Company expects to use the net proceeds from the offering for general corporate purposes and to enhance the Company's liquidity position.
The views and 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 Group Inc. (AAL) announced Tuesday a proposed underwritten public offering of 38.50 million shares of its common stock. The Company intends to grant the underwriter of the offering a 30-day option to purchase, in whole or in part, up to 5,775,000 of additional shares of Common Stock. BofA Securities is acting as the sole underwriter for the offering.
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(RTTNews) - American Airlines Group Inc. (AAL) announced Tuesday a proposed underwritten public offering of 38.50 million shares of its common stock. The Company intends to grant the underwriter of the offering a 30-day option to purchase, in whole or in part, up to 5,775,000 of additional shares of Common 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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(RTTNews) - American Airlines Group Inc. (AAL) announced Tuesday a proposed underwritten public offering of 38.50 million shares of its common stock. The Company intends to grant the underwriter of the offering a 30-day option to purchase, in whole or in part, up to 5,775,000 of additional shares of Common Stock. The Company expects to use the net proceeds from the offering for general corporate purposes and to enhance the Company's liquidity position.
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(RTTNews) - American Airlines Group Inc. (AAL) announced Tuesday a proposed underwritten public offering of 38.50 million shares of its common stock. The Company intends to grant the underwriter of the offering a 30-day option to purchase, in whole or in part, up to 5,775,000 of additional shares of Common Stock. BofA Securities is acting as the sole underwriter for the offering.
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5065.0
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2020-11-10 00:00:00 UTC
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Holiday Classics Streamed Free On American Airlines
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AAL
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https://www.nasdaq.com/articles/holiday-classics-streamed-free-on-american-airlines-2020-11-10
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nan
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(RTTNews) - American Airlines has launched a free inflight entertainment channel that features holiday classics such as "A Christmas Story," "Home Alone," "Elf," "Die Hard," and "It's A Wonderful Life," among others, the Airliner said in a release.
To celebrate this holiday season, flyers are provided with free holiday music as well, with playlists including Holiday Hits, R&B For The Holidays, and Children's Christmas. Passengers can also access Apple Music for free to stream more than 70 million songs, music videos, and live original shows.
Additionally, customers can now stream a library of movies, music, and TV shows to their phone, tablet or laptop, without having to buy WiFi to access inflight entertainment on the American Airlines app, despite the fact that inflight high-speed Wi-Fi is available on domestic flights for as little as $10.
The airline is also offering the new American Airlines Wi-Fi subscription plan beginning November 10, that enables the customers to purchase a subscription that is valid on all three Wi-Fi providers, namely Gogo, Panasonic, and Viasat.
The views and 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 launched a free inflight entertainment channel that features holiday classics such as "A Christmas Story," "Home Alone," "Elf," "Die Hard," and "It's A Wonderful Life," among others, the Airliner said in a release. Additionally, customers can now stream a library of movies, music, and TV shows to their phone, tablet or laptop, without having to buy WiFi to access inflight entertainment on the American Airlines app, despite the fact that inflight high-speed Wi-Fi is available on domestic flights for as little as $10. The airline is also offering the new American Airlines Wi-Fi subscription plan beginning November 10, that enables the customers to purchase a subscription that is valid on all three Wi-Fi providers, namely Gogo, Panasonic, and Viasat.
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(RTTNews) - American Airlines has launched a free inflight entertainment channel that features holiday classics such as "A Christmas Story," "Home Alone," "Elf," "Die Hard," and "It's A Wonderful Life," among others, the Airliner said in a release. Additionally, customers can now stream a library of movies, music, and TV shows to their phone, tablet or laptop, without having to buy WiFi to access inflight entertainment on the American Airlines app, despite the fact that inflight high-speed Wi-Fi is available on domestic flights for as little as $10. The airline is also offering the new American Airlines Wi-Fi subscription plan beginning November 10, that enables the customers to purchase a subscription that is valid on all three Wi-Fi providers, namely Gogo, Panasonic, and Viasat.
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(RTTNews) - American Airlines has launched a free inflight entertainment channel that features holiday classics such as "A Christmas Story," "Home Alone," "Elf," "Die Hard," and "It's A Wonderful Life," among others, the Airliner said in a release. To celebrate this holiday season, flyers are provided with free holiday music as well, with playlists including Holiday Hits, R&B For The Holidays, and Children's Christmas. Additionally, customers can now stream a library of movies, music, and TV shows to their phone, tablet or laptop, without having to buy WiFi to access inflight entertainment on the American Airlines app, despite the fact that inflight high-speed Wi-Fi is available on domestic flights for as little as $10.
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(RTTNews) - American Airlines has launched a free inflight entertainment channel that features holiday classics such as "A Christmas Story," "Home Alone," "Elf," "Die Hard," and "It's A Wonderful Life," among others, the Airliner said in a release. To celebrate this holiday season, flyers are provided with free holiday music as well, with playlists including Holiday Hits, R&B For The Holidays, and Children's Christmas. Passengers can also access Apple Music for free to stream more than 70 million songs, music videos, and live original shows.
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5066.0
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2020-11-10 00:00:00 UTC
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Losing more 737 MAX orders, Boeing eyes jet's U.S. return but Europe tariffs loom
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AAL
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https://www.nasdaq.com/articles/losing-more-737-max-orders-boeing-eyes-jets-u.s.-return-but-europe-tariffs-loom-2020-11-10
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By Eric M. Johnson
SEATTLE, Nov 10 (Reuters) - Boeing Co BA.N lost another 12 orders for its grounded 737 MAX jetliner in October, and delivered 13 aircraft to customers, down from the 20 jets delivered in the same month a year ago, company data showed on Tuesday.
For the second month in a row, the closely watched monthly snapshot revealed 787 Dreamliner quality flaws and the coronavirus pandemic continue to hamper Boeing's efforts to develop an alternative cash cow to its grounded 737 MAX.
The U.S. Federal Aviation Authority appears potentially a week away from lifting a March 2019 safety ban, although the pandemic continues to hurt demand for jets from both Boeing and European rival Airbus AIR.PA.
The European Union's decision to impose tariffs of 15% on Boeing planes emerged this week as a new threat that could hobble jet deliveries in Europe.
Boeing said it lost orders for four 737 MAX jets from China Development Bank Financial Leasing Co, one from Czech Airlines owner Smartwings, three from Oman Air, and four from an undisclosed buyer or buyers.
Canceled MAX orders, including those where buyers converted one type of jet to a different model, was 448 jets - and 460 for all jets across Boeing's portfolio, Boeing said.
For 2020 through October, the number of MAX orders canceled, or removed from Boeing's official backlog when it applies stricter accounting standards, stood at 1,043 aircraft.
For deliveries - a key metric since customers hand over most of the money for a new aircraft when they pick up aircraft - Boeing handed over 13 twin-aisle jets in October, compared to 20 a year earlier and 10 in September.
That brings total deliveries to 111 aircraft in the 10 months through October 2020, down from 321 for the same period a year ago.
The October delivery tally included one P-8 maritime patrol aircraft, one 747 and three 767 freighters to United Parcel Service UPS.N, two 777 freighters to China Cargo Airlines, one 777 to German logistics company DHL, and one 777-300ER to Dubai-headquartered Novus Aviation Capital, Boeing said.
Boeing also delivered four 787s in October: one 787-8 to American Airlines AAL.O, one 787-9 to Leasing giant AerCap, one 787-10 to Abu Dhabi's Etihad Airways, and one 787-10 Saudi Arabian Airlines.
(Reporting by Eric M. Johnson in Seattle; editing by Jane Wardell)
((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Boeing also delivered four 787s in October: one 787-8 to American Airlines AAL.O, one 787-9 to Leasing giant AerCap, one 787-10 to Abu Dhabi's Etihad Airways, and one 787-10 Saudi Arabian Airlines. The U.S. Federal Aviation Authority appears potentially a week away from lifting a March 2019 safety ban, although the pandemic continues to hurt demand for jets from both Boeing and European rival Airbus AIR.PA. The European Union's decision to impose tariffs of 15% on Boeing planes emerged this week as a new threat that could hobble jet deliveries in Europe.
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Boeing also delivered four 787s in October: one 787-8 to American Airlines AAL.O, one 787-9 to Leasing giant AerCap, one 787-10 to Abu Dhabi's Etihad Airways, and one 787-10 Saudi Arabian Airlines. By Eric M. Johnson SEATTLE, Nov 10 (Reuters) - Boeing Co BA.N lost another 12 orders for its grounded 737 MAX jetliner in October, and delivered 13 aircraft to customers, down from the 20 jets delivered in the same month a year ago, company data showed on Tuesday. Boeing said it lost orders for four 737 MAX jets from China Development Bank Financial Leasing Co, one from Czech Airlines owner Smartwings, three from Oman Air, and four from an undisclosed buyer or buyers.
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Boeing also delivered four 787s in October: one 787-8 to American Airlines AAL.O, one 787-9 to Leasing giant AerCap, one 787-10 to Abu Dhabi's Etihad Airways, and one 787-10 Saudi Arabian Airlines. By Eric M. Johnson SEATTLE, Nov 10 (Reuters) - Boeing Co BA.N lost another 12 orders for its grounded 737 MAX jetliner in October, and delivered 13 aircraft to customers, down from the 20 jets delivered in the same month a year ago, company data showed on Tuesday. Canceled MAX orders, including those where buyers converted one type of jet to a different model, was 448 jets - and 460 for all jets across Boeing's portfolio, Boeing said.
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Boeing also delivered four 787s in October: one 787-8 to American Airlines AAL.O, one 787-9 to Leasing giant AerCap, one 787-10 to Abu Dhabi's Etihad Airways, and one 787-10 Saudi Arabian Airlines. By Eric M. Johnson SEATTLE, Nov 10 (Reuters) - Boeing Co BA.N lost another 12 orders for its grounded 737 MAX jetliner in October, and delivered 13 aircraft to customers, down from the 20 jets delivered in the same month a year ago, company data showed on Tuesday. Boeing said it lost orders for four 737 MAX jets from China Development Bank Financial Leasing Co, one from Czech Airlines owner Smartwings, three from Oman Air, and four from an undisclosed buyer or buyers.
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5067.0
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2020-11-10 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Pfizer, Nikola, Amazon.com, Corsair Gaming
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-pfizer-nikola-amazon.com-corsair-gaming-2020-11-10
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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
The S&P 500 was set to open lower on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of the big tech companies that have benefitted most from the pandemic. .N
At 8:37 ET, Dow e-minis 1YMc1 were up 0.64% at 29,235. S&P 500 e-minis ESc1 were down 0.16% at 3,538.5, while Nasdaq 100 e-minis NQc1 were down 1.48% at 11,646. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Pennsylvania Real Estate Investment Trust , up 8.5% ** Medley LLC , up 11.1% ** American Campus Communities Inc , up 9.9% The top three NYSE percentage losers premarket .PRPL.NQ: ** Gaslog Partners LP , down 23% ** Jumia Technologies AG , down 19.4% ** Forum Energy Technologies Inc , down 15.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Trxade Group Inc , up 67.0% ** Greenland Technologies Holding Corp , up 46.6% ** Summit Wireless Technologies Inc , up 40.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Phio Pharmaceuticals Equity Warrants , down 41.5% ** Praxis Precision Medicines Inc , down 25.1% ** Beyond Meat Inc , down 21% ** Beyond Meat BYND.O: down 21.0% premarket
BUZZ-Street View: Analysts unable to look past Beyond Meat's Q3 ** Boeing Co BA.N: up 2.6% premarket
BUZZ-Rises on report of MAX approval happening as soon as Nov 18 ** Eli Lilly LLY.N: up 3.6% premarket
BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug ** FreightCar America RAIL.O: down 2.9% premarket
BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 24.9% premarket
BUZZ-Enters patent agreement with Comcast ** Six Flags Entertainment Corp SIX.N: up 2.7% premarket
BUZZ-Berenberg hikes PT on cost-cutting plans
** Nikola Corp NKLA.O: up 2.0% premarket
BUZZ-Rises as talk with GM to continue; posts smaller-than-expected loss
** Smart Sand Inc SND.O: up 1.4% premarket
BUZZ-Gains as cost cuts drive surprise profit
** Novavax Inc NVAX.O: down 5.2% premarket
BUZZ-Slips after at-the-market share sale agreement
** Peloton Interactive Inc PTON.O: up 3.7% premarket
BUZZ-Peloton Interactive and Beyonce team up
** D.R. Horton Inc DHI.N: up 2.8% premarket
BUZZ-Up as FY 2021 sales forecast, results top estimates
** Corsair Gaming Inc CRSR.O: up 7.7% premarket
BUZZ-Set for record high open as revenue outlook ** Viper Energy Partners LP VNOM.O: up 8.8% premarket
BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.8% premarket
BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 2.0% premarket
BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 1.2% premarket
BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 1.1% premarket
BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades
** Pfizer Inc PFE.N: up 3.5% premarket
BUZZ-Entering one of its best eras in recent years - research firm
(Compiled by Eva Mathews in Bengaluru)
((eva.mathews@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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Horton Inc DHI.N: up 2.8% premarket BUZZ-Up as FY 2021 sales forecast, results top estimates ** Corsair Gaming Inc CRSR.O: up 7.7% premarket BUZZ-Set for record high open as revenue outlook ** Viper Energy Partners LP VNOM.O: up 8.8% premarket BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.8% premarket BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 2.0% premarket BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 1.2% premarket BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 1.1% premarket BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Pfizer Inc PFE.N: up 3.5% premarket BUZZ-Entering one of its best eras in recent years - research firm (Compiled by Eva Mathews in Bengaluru) ((eva.mathews@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. 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 The S&P 500 was set to open lower on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of the big tech companies that have benefitted most from the pandemic. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Pennsylvania Real Estate Investment Trust , up 8.5% ** Medley LLC , up 11.1% ** American Campus Communities Inc , up 9.9% The top three NYSE percentage losers premarket .PRPL.NQ: ** Gaslog Partners LP , down 23% ** Jumia Technologies AG , down 19.4% ** Forum Energy Technologies Inc , down 15.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Trxade Group Inc , up 67.0% ** Greenland Technologies Holding Corp , up 46.6% ** Summit Wireless Technologies Inc , up 40.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Phio Pharmaceuticals Equity Warrants , down 41.5% ** Praxis Precision Medicines Inc , down 25.1% ** Beyond Meat Inc , down 21% ** Beyond Meat BYND.O: down 21.0% premarket BUZZ-Street View: Analysts unable to look past Beyond Meat's Q3 ** Boeing Co BA.N: up 2.6% premarket BUZZ-Rises on report of MAX approval happening as soon as Nov 18 ** Eli Lilly LLY.N: up 3.6% premarket BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug ** FreightCar America RAIL.O: down 2.9% premarket BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 24.9% premarket BUZZ-Enters patent agreement with Comcast ** Six Flags Entertainment Corp SIX.N: up 2.7% premarket BUZZ-Berenberg hikes PT on cost-cutting plans ** Nikola Corp NKLA.O: up 2.0% premarket BUZZ-Rises as talk with GM to continue; posts smaller-than-expected loss ** Smart Sand Inc SND.O: up 1.4% premarket BUZZ-Gains as cost cuts drive surprise profit ** Novavax Inc NVAX.O: down 5.2% premarket BUZZ-Slips after at-the-market share sale agreement ** Peloton Interactive Inc PTON.O: up 3.7% premarket BUZZ-Peloton Interactive and Beyonce team up ** D.R.
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Horton Inc DHI.N: up 2.8% premarket BUZZ-Up as FY 2021 sales forecast, results top estimates ** Corsair Gaming Inc CRSR.O: up 7.7% premarket BUZZ-Set for record high open as revenue outlook ** Viper Energy Partners LP VNOM.O: up 8.8% premarket BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.8% premarket BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 2.0% premarket BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 1.2% premarket BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 1.1% premarket BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Pfizer Inc PFE.N: up 3.5% premarket BUZZ-Entering one of its best eras in recent years - research firm (Compiled by Eva Mathews in Bengaluru) ((eva.mathews@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. 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 The S&P 500 was set to open lower on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of the big tech companies that have benefitted most from the pandemic. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Pennsylvania Real Estate Investment Trust , up 8.5% ** Medley LLC , up 11.1% ** American Campus Communities Inc , up 9.9% The top three NYSE percentage losers premarket .PRPL.NQ: ** Gaslog Partners LP , down 23% ** Jumia Technologies AG , down 19.4% ** Forum Energy Technologies Inc , down 15.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Trxade Group Inc , up 67.0% ** Greenland Technologies Holding Corp , up 46.6% ** Summit Wireless Technologies Inc , up 40.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Phio Pharmaceuticals Equity Warrants , down 41.5% ** Praxis Precision Medicines Inc , down 25.1% ** Beyond Meat Inc , down 21% ** Beyond Meat BYND.O: down 21.0% premarket BUZZ-Street View: Analysts unable to look past Beyond Meat's Q3 ** Boeing Co BA.N: up 2.6% premarket BUZZ-Rises on report of MAX approval happening as soon as Nov 18 ** Eli Lilly LLY.N: up 3.6% premarket BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug ** FreightCar America RAIL.O: down 2.9% premarket BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 24.9% premarket BUZZ-Enters patent agreement with Comcast ** Six Flags Entertainment Corp SIX.N: up 2.7% premarket BUZZ-Berenberg hikes PT on cost-cutting plans ** Nikola Corp NKLA.O: up 2.0% premarket BUZZ-Rises as talk with GM to continue; posts smaller-than-expected loss ** Smart Sand Inc SND.O: up 1.4% premarket BUZZ-Gains as cost cuts drive surprise profit ** Novavax Inc NVAX.O: down 5.2% premarket BUZZ-Slips after at-the-market share sale agreement ** Peloton Interactive Inc PTON.O: up 3.7% premarket BUZZ-Peloton Interactive and Beyonce team up ** D.R.
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Horton Inc DHI.N: up 2.8% premarket BUZZ-Up as FY 2021 sales forecast, results top estimates ** Corsair Gaming Inc CRSR.O: up 7.7% premarket BUZZ-Set for record high open as revenue outlook ** Viper Energy Partners LP VNOM.O: up 8.8% premarket BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.8% premarket BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 2.0% premarket BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 1.2% premarket BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 1.1% premarket BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Pfizer Inc PFE.N: up 3.5% premarket BUZZ-Entering one of its best eras in recent years - research firm (Compiled by Eva Mathews in Bengaluru) ((eva.mathews@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. S&P 500 e-minis ESc1 were down 0.16% at 3,538.5, while Nasdaq 100 e-minis NQc1 were down 1.48% at 11,646. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Pennsylvania Real Estate Investment Trust , up 8.5% ** Medley LLC , up 11.1% ** American Campus Communities Inc , up 9.9% The top three NYSE percentage losers premarket .PRPL.NQ: ** Gaslog Partners LP , down 23% ** Jumia Technologies AG , down 19.4% ** Forum Energy Technologies Inc , down 15.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Trxade Group Inc , up 67.0% ** Greenland Technologies Holding Corp , up 46.6% ** Summit Wireless Technologies Inc , up 40.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Phio Pharmaceuticals Equity Warrants , down 41.5% ** Praxis Precision Medicines Inc , down 25.1% ** Beyond Meat Inc , down 21% ** Beyond Meat BYND.O: down 21.0% premarket BUZZ-Street View: Analysts unable to look past Beyond Meat's Q3 ** Boeing Co BA.N: up 2.6% premarket BUZZ-Rises on report of MAX approval happening as soon as Nov 18 ** Eli Lilly LLY.N: up 3.6% premarket BUZZ-Up after FDA grants emergency use authorization for COVID-19 drug ** FreightCar America RAIL.O: down 2.9% premarket BUZZ-Drops on weak results, narrowed outlook ** Xperi Holding Corp XPER.O: up 24.9% premarket BUZZ-Enters patent agreement with Comcast ** Six Flags Entertainment Corp SIX.N: up 2.7% premarket BUZZ-Berenberg hikes PT on cost-cutting plans ** Nikola Corp NKLA.O: up 2.0% premarket BUZZ-Rises as talk with GM to continue; posts smaller-than-expected loss ** Smart Sand Inc SND.O: up 1.4% premarket BUZZ-Gains as cost cuts drive surprise profit ** Novavax Inc NVAX.O: down 5.2% premarket BUZZ-Slips after at-the-market share sale agreement ** Peloton Interactive Inc PTON.O: up 3.7% premarket BUZZ-Peloton Interactive and Beyonce team up ** D.R.
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Horton Inc DHI.N: up 2.8% premarket BUZZ-Up as FY 2021 sales forecast, results top estimates ** Corsair Gaming Inc CRSR.O: up 7.7% premarket BUZZ-Set for record high open as revenue outlook ** Viper Energy Partners LP VNOM.O: up 8.8% premarket BUZZ-Rises on 'surprise' buyback program ** Kraft Heinz Co KHC.O: down 1.8% premarket BUZZ-Slips as 3G Capital cuts stake ** Amazon.com Inc AMZN.O: down 2.0% premarket BUZZ-Falls as EU charges co of competition distortion in online retail ** American Airlines Group Inc AAL.O: down 1.2% premarket BUZZ-Slips on stock offering ** Mirati Therapeutics Inc MRTX.O: down 1.1% premarket BUZZ-Guggenheim says bullish scenario is priced into stock, downgrades ** Pfizer Inc PFE.N: up 3.5% premarket BUZZ-Entering one of its best eras in recent years - research firm (Compiled by Eva Mathews in Bengaluru) ((eva.mathews@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. 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 The S&P 500 was set to open lower on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of the big tech companies that have benefitted most from the pandemic. .N At 8:37 ET, Dow e-minis 1YMc1 were up 0.64% at 29,235.
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5068.0
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2020-11-09 00:00:00 UTC
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Notable Monday Option Activity: AAL, XOM, LVS
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AAL
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-aal-xom-lvs-2020-11-09
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 552,363 contracts have traded so far, representing approximately 55.2 million underlying shares. That amounts to about 104.6% of AAL's average daily trading volume over the past month of 52.8 million shares. Particularly high volume was seen for the $13.50 strike call option expiring November 13, 2020, with 35,568 contracts trading so far today, representing approximately 3.6 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $13.50 strike highlighted in orange:
Exxon Mobil Corp (Symbol: XOM) options are showing a volume of 311,997 contracts thus far today. That number of contracts represents approximately 31.2 million underlying shares, working out to a sizeable 103.9% of XOM's average daily trading volume over the past month, of 30.0 million shares. Especially high volume was seen for the $37.50 strike put option expiring December 18, 2020, with 43,161 contracts trading so far today, representing approximately 4.3 million underlying shares of XOM. Below is a chart showing XOM's trailing twelve month trading history, with the $37.50 strike highlighted in orange:
And Las Vegas Sands Corp (Symbol: LVS) options are showing a volume of 59,025 contracts thus far today. That number of contracts represents approximately 5.9 million underlying shares, working out to a sizeable 101.4% of LVS's average daily trading volume over the past month, of 5.8 million shares. Particularly high volume was seen for the $47 strike call option expiring December 18, 2020, with 8,005 contracts trading so far today, representing approximately 800,500 underlying shares of LVS. Below is a chart showing LVS's trailing twelve month trading history, with the $47 strike highlighted in orange:
For the various different available expirations for AAL options, XOM options, or LVS options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $13.50 strike call option expiring November 13, 2020, with 35,568 contracts trading so far today, representing approximately 3.6 million underlying shares of AAL. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 552,363 contracts have traded so far, representing approximately 55.2 million underlying shares. That amounts to about 104.6% of AAL's average daily trading volume over the past month of 52.8 million shares.
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Below is a chart showing AAL's trailing twelve month trading history, with the $13.50 strike highlighted in orange: Exxon Mobil Corp (Symbol: XOM) options are showing a volume of 311,997 contracts thus far today. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 552,363 contracts have traded so far, representing approximately 55.2 million underlying shares. That amounts to about 104.6% of AAL's average daily trading volume over the past month of 52.8 million shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 552,363 contracts have traded so far, representing approximately 55.2 million underlying shares. That amounts to about 104.6% of AAL's average daily trading volume over the past month of 52.8 million shares. Particularly high volume was seen for the $13.50 strike call option expiring November 13, 2020, with 35,568 contracts trading so far today, representing approximately 3.6 million underlying shares of AAL.
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Below is a chart showing LVS's trailing twelve month trading history, with the $47 strike highlighted in orange: For the various different available expirations for AAL options, XOM options, or LVS options, visit StockOptionsChannel.com. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 552,363 contracts have traded so far, representing approximately 55.2 million underlying shares. That amounts to about 104.6% of AAL's average daily trading volume over the past month of 52.8 million shares.
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5069.0
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2020-11-09 00:00:00 UTC
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Pre-Market Most Active for Nov 9, 2020 : AAL, ACB, PFE, CCL, NIO, AMC, QQQ, SQQQ, GE, TLRY, AAPL, TQQQ
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-9-2020-%3A-aal-acb-pfe-ccl-nio-amc-qqq-sqqq-ge-tlry-aapl-tqqq
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 147.15 to 12,238.5. The total Pre-Market volume is currently 183,651,558 shares traded.
The following are the most active stocks for the pre-market session:
American Airlines Group, Inc. (AAL) is +2.76 at $14.22, with 18,509,701 shares traded. AAL's current last sale is 142.2% of the target price of $10.
Aurora Cannabis Inc. (ACB) is +2.93 at $12.72, with 15,458,290 shares traded. Reuters Reports: BUZZ-U.S. STOCKS ON THE MOVE-U.S. homebuilders, cannabis stocks, CVS Health
Pfizer, Inc. (PFE) is +5.85 at $42.25, with 14,157,131 shares traded. PFE's current last sale is 104.32% of the target price of $40.5.
Carnival Corporation (CCL) is +4.32 at $18.14, with 13,008,662 shares traded. CCL's current last sale is 129.57% of the target price of $14.
NIO Inc. (NIO) is -0.67 at $40.96, with 10,481,317 shares traded. NIO's current last sale is 136.53% of the target price of $30.
AMC Entertainment Holdings, Inc. (AMC) is +2.15 at $4.64, with 10,454,562 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021. The consensus EPS forecast is $-0.87. AMC's current last sale is 132.57% of the target price of $3.5.
Invesco QQQ Trust, Series 1 (QQQ) is +1.52 at $296.13, with 8,606,644 shares traded. This represents a 79.55% increase from its 52 Week Low.
ProShares UltraPro Short QQQ (SQQQ) is -0.3 at $18.53, with 6,257,818 shares traded. This represents a -2.22% decrease from its 52 Week Low.
General Electric Company (GE) is +0.86 at $8.95, with 6,096,440 shares traded. As reported by Zacks, the current mean recommendation for GE is in the "buy range".
Tilray, Inc. (TLRY) is +1.95 at $11.58, with 4,240,620 shares traded. Reuters Reports: BUZZ-U.S. STOCKS ON THE MOVE-U.S. homebuilders, cannabis stocks, CVS Health
Apple Inc. (AAPL) is +1.2098 at $119.90, with 3,778,311 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 $1.39. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
ProShares UltraPro QQQ (TQQQ) is +2.4 at $153.80, with 3,072,206 shares traded. This represents a 376.6% increase from its 52 Week Low.
The views and 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 +2.76 at $14.22, with 18,509,701 shares traded. AAL's current last sale is 142.2% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021.
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Reuters Reports: BUZZ-U.S. STOCKS ON THE MOVE-U.S. homebuilders, cannabis stocks, CVS Health American Airlines Group, Inc. (AAL) is +2.76 at $14.22, with 18,509,701 shares traded. AAL's current last sale is 142.2% of the target price of $10.
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American Airlines Group, Inc. (AAL) is +2.76 at $14.22, with 18,509,701 shares traded. AAL's current last sale is 142.2% of the target price of $10. The total Pre-Market volume is currently 183,651,558 shares traded.
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AAL's current last sale is 142.2% of the target price of $10. American Airlines Group, Inc. (AAL) is +2.76 at $14.22, with 18,509,701 shares traded. PFE's current last sale is 104.32% of the target price of $40.5.
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5070.0
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2020-11-09 00:00:00 UTC
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Chilean mine group warns pending glacier bill could shut down deposits
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AAL
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https://www.nasdaq.com/articles/chilean-mine-group-warns-pending-glacier-bill-could-shut-down-deposits-2020-11-09
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nan
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nan
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By Fabian Cambero
SANTIAGO, Nov 9 (Reuters) - Chile's world-leading copper industry could see some of its mines put out of business if an early stage bill to protect glaciers continues its march through Congress, Chilean mining trade group Sonami said on Monday.
Diego Hernández, president of Sonami, which represents mining firms including BHP BHP.AX, Anglo-American AAL.L and Antofagasta ANTO.L, asked lawmakers to closely review the science on glaciers before finalizing the bill.
"We consider [the bill] contrary to the interests of our country," Hernández said in a statement. He warned of "increasing concern" among miners over the bill.
Chile, the world's No. 1 copper producer and the No. 2 producer of battery metal lithium, depends on mine exports for as much as 15% of its gross domestic product. Many of its largest mines are found high in the Andes Mountains, a range rich in glaciers.
The bill under consideration, which has yet to emerge from committee, prohibits mining and other activity in areas classified as glaciers, their surroundings and permafrost.
The crux of the current debate lies in defining what kinds of glaciers to protect, and how much of the land surrounding them should be safeguarded to ensure their survival.
Companies and mine workers argue the current bill is too general in the types of frozen soils it protects, putting at risk mines they say are not causing damage to glaciers.
Environmental groups, however, say existing legislation does not adequately safeguard Chile's glaciers, and warn of the potential impact on the country's water supply as the impacts of climate change become more severe.
Sonami's Hernandez said miners were particularly concerned the retroactive nature of the current bill could threaten now active mines and obligate Chile to compensate investors.
Continental Chile's glaciers span from its arid high Andes Mountains in the north to the vast southern ice fields of the southernmost stretches of Patagonia.
(Reporting by Fabian Cambero; Writing by Dave Sherwood; Editing by Steve Orlofsky)
((dave.sherwood@thomsonreuters.com; +56 9 9138 1047, +56 2 2370 4224; Reuters Messaging: dave.sherwood.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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Diego Hernández, president of Sonami, which represents mining firms including BHP BHP.AX, Anglo-American AAL.L and Antofagasta ANTO.L, asked lawmakers to closely review the science on glaciers before finalizing the bill. Sonami's Hernandez said miners were particularly concerned the retroactive nature of the current bill could threaten now active mines and obligate Chile to compensate investors. Continental Chile's glaciers span from its arid high Andes Mountains in the north to the vast southern ice fields of the southernmost stretches of Patagonia.
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Diego Hernández, president of Sonami, which represents mining firms including BHP BHP.AX, Anglo-American AAL.L and Antofagasta ANTO.L, asked lawmakers to closely review the science on glaciers before finalizing the bill. By Fabian Cambero SANTIAGO, Nov 9 (Reuters) - Chile's world-leading copper industry could see some of its mines put out of business if an early stage bill to protect glaciers continues its march through Congress, Chilean mining trade group Sonami said on Monday. Environmental groups, however, say existing legislation does not adequately safeguard Chile's glaciers, and warn of the potential impact on the country's water supply as the impacts of climate change become more severe.
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Diego Hernández, president of Sonami, which represents mining firms including BHP BHP.AX, Anglo-American AAL.L and Antofagasta ANTO.L, asked lawmakers to closely review the science on glaciers before finalizing the bill. By Fabian Cambero SANTIAGO, Nov 9 (Reuters) - Chile's world-leading copper industry could see some of its mines put out of business if an early stage bill to protect glaciers continues its march through Congress, Chilean mining trade group Sonami said on Monday. Companies and mine workers argue the current bill is too general in the types of frozen soils it protects, putting at risk mines they say are not causing damage to glaciers.
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Diego Hernández, president of Sonami, which represents mining firms including BHP BHP.AX, Anglo-American AAL.L and Antofagasta ANTO.L, asked lawmakers to closely review the science on glaciers before finalizing the bill. By Fabian Cambero SANTIAGO, Nov 9 (Reuters) - Chile's world-leading copper industry could see some of its mines put out of business if an early stage bill to protect glaciers continues its march through Congress, Chilean mining trade group Sonami said on Monday. 1 copper producer and the No.
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5071.0
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2020-11-09 00:00:00 UTC
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Airline Stocks Soar at the Open: Is Now the Time to Buy?
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AAL
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https://www.nasdaq.com/articles/airline-stocks-soar-at-the-open%3A-is-now-the-time-to-buy-2020-11-09
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nan
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nan
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What happened
Investors were greeted Monday morning with the most positive development yet in the race to find a COVID-19 vaccine, and are responding by rushing into some of the stocks most impacted by the pandemic.
Shares of airlines soared at the opening, with Hawaiian Holdings (NASDAQ: HA) jumping 42% and shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), Spirit Airlines (NYSE: SAVE), and Allegiant Travel (NASDAQ: ALGT) all up more than 20%.
Even the relative laggards, Southwest Airlines (NYSE: LUV) and Alaska Air Group (NYSE: ALK), were each up more than 19% in early Monday trading.
So what
Airlines have been devastated by the pandemic, which has caused travel demand to evaporate and sent the industry scrambling to cut costs. U.S. airlines have so far survived without bankruptcy filings thanks to $50 billion in government support and at least $50 billion more in private fundraising efforts, but every carrier is bleeding millions per day and most have little hope of stemming the bleed before 2021.
Image source: Getty Images.
The industry can not recover as long as COVID-19 is unchecked, which is why news from Pfizer Monday morning about developments in its vaccine trial is causing the stocks to jump. Pfizer announced that its COVID-19 vaccine in development prevented more than 90% of infections in a study of thousands of volunteers.
Those results are a lot better than what health experts had been expecting from initial vaccine candidates, and prompted a strong market rally on Monday morning. Sectors including airlines that have been sold off due to the pandemic climbed higher than the averages, but even with the impressive jumps on Monday the stocks still remain down for the year.
Now what
It's important to note that at best this vaccine will not be authorized for U.S. emergency use until near the end of the month. Pfizer said it believes it can produce up to 50 million doses, or enough vaccine to protect 25 million people, this year, with plans to ramp to 1.3 billion doses in 2021.
It appears the vaccine will not likely be widespread until the second quarter, at best. In other words, what the market is pricing in today will not be the reality for Main Street for months.
Assuming there is a lot of pent-up travel demand, that could mean airlines start to see a real revenue rebound next summer. A full recovery to pre-pandemic traffic volumes is likely years off, and more lucrative international and business travel will likely take longer to return than domestic leisure.
Which isn't to say investors shouldn't be excited about this news. Absent a vaccine, the outlook is much worse for the airlines. But understand we are still in the early stages of what will be a multi-year recovery, and the airlines, after borrowing billions to stay airborne during the crisis, will need time to repair their bruised balance sheets even after traffic returns.
Given the continued uncertainty and the long timetable, investors would be wise to keep airlines to a small part of a well-diversified portfolio and to focus their attention on carriers like Delta and Southwest, which have been the best operators in the industry.
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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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Shares of airlines soared at the opening, with Hawaiian Holdings (NASDAQ: HA) jumping 42% and shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), Spirit Airlines (NYSE: SAVE), and Allegiant Travel (NASDAQ: ALGT) all up more than 20%. What happened Investors were greeted Monday morning with the most positive development yet in the race to find a COVID-19 vaccine, and are responding by rushing into some of the stocks most impacted by the pandemic. But understand we are still in the early stages of what will be a multi-year recovery, and the airlines, after borrowing billions to stay airborne during the crisis, will need time to repair their bruised balance sheets even after traffic returns.
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Shares of airlines soared at the opening, with Hawaiian Holdings (NASDAQ: HA) jumping 42% and shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), Spirit Airlines (NYSE: SAVE), and Allegiant Travel (NASDAQ: ALGT) all up more than 20%. Even the relative laggards, Southwest Airlines (NYSE: LUV) and Alaska Air Group (NYSE: ALK), were each up more than 19% in early Monday trading. The Motley Fool recommends Alaska Air Group, Delta Air Lines, Hawaiian Holdings, JetBlue Airways, and Southwest Airlines.
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Shares of airlines soared at the opening, with Hawaiian Holdings (NASDAQ: HA) jumping 42% and shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), Spirit Airlines (NYSE: SAVE), and Allegiant Travel (NASDAQ: ALGT) all up more than 20%. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool recommends Alaska Air Group, Delta Air Lines, Hawaiian Holdings, JetBlue Airways, and Southwest Airlines.
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Shares of airlines soared at the opening, with Hawaiian Holdings (NASDAQ: HA) jumping 42% and shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), Spirit Airlines (NYSE: SAVE), and Allegiant Travel (NASDAQ: ALGT) all up more than 20%. The industry can not recover as long as COVID-19 is unchecked, which is why news from Pfizer Monday morning about developments in its vaccine trial is causing the stocks to jump. The Motley Fool recommends Alaska Air Group, Delta Air Lines, Hawaiian Holdings, JetBlue Airways, and Southwest Airlines.
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5072.0
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2020-11-09 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-McDonald's, New York Times, Pfizer, JPM, Apollo Global, American Airlines
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-mcdonalds-new-york-times-pfizer-jpm-apollo-global-american
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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. stock prices surged on Monday as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis. .N
At 8:29 ET, Dow e-minis 1YMc1 were up 5.57% at 29,776. S&P 500 e-minis ESc1 were up 4.28% at 3,650.75, while Nasdaq 100 e-minis NQc1 were up 0.62% at 12,149.75. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Amc Entertat Hld , up 83.1% ** Ashford Hosptlty , up 41.0% ** Cinemark Hldgs , up 40.4% The top three NYSE percentage losers premarket .PRPL.NQ: ** Highpoint Resrcs , down 23.4% ** Duff & Plp Mdstm , down 17.1% ** Nautilus Inc , down 13.6% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Sundial Growers Inc , up 128.0% ** Aptevo Therapeutics Inc , up 112.0% ** Company name not found , up 54.5% The top three Nasdaq percentage losers premarket .PRPL.O: ** Monocle Acquisition , down 43.6% ** Quidel Corp , down 32.3% ** Biogen Inc , down 28.2% ** New York Times NYT.N: up 1.4% premarket BUZZ-Evercore ISI upgrades on subscriber growth expectations
** Sundial Growers Inc SNDL.O: up 128.0% premarket
** Canopy Growth Corp CGC.N: up 12.0% premarket
** Aphria Inc APHA.O: up 15.3% premarket
** Cronos Group CRON.O: up 14.0% premarket
** Aurora Cannabis Inc ACB.N: up 30.6% premarket
** Tilray Inc TLRY.O: up 20.5% premarket
BUZZ-Pot stocks high on Biden election win
** Array Technologies ARRY.O: down 4.0% premarket
BUZZ-JPM, CS start coverage eyeing solar market growth
** MSCI Turkey ETF TUR.O: up 8.8% premarket BUZZ-Jumps as country's finance minister resigns
** Biogen BIIB.O: down 28.2% premarket BUZZ-Street View: Approval of Biogen's Alzheimer's drug no longer a slam dunk
** F5 Networks FFIV.O: up 14.3% premarket BUZZ-Up on report of Elliott's stake
** Pfizer PFE.N: up 16.1% premarket BUZZ-Jumps after company says its COVID-19 vaccine is more than 90% effective
** JPMorgan Chase & Co JPM.N: up 9.1% premarket ** Morgan Stanley MS.N: up 7.2% premarket ** Wells Fargo WFC.N: up 8.4% premarket ** Citigroup C.N: up 8.8% premarket BUZZ-U.S. banks track market gains as Pfizer says vaccine effective
** TrueCar TRUE.O: up 8.4% premarket BUZZ-Rises after brokerage upgrades to 'market outperform'
** Pfizer PFE.N: up 16.1% premarket ** BioNTech BNTX.O: up 27.2% premarket BUZZ-Rise as COVID-19 vaccine shown effective in large study
** Mastercard Inc MA.N: up 8.5% premarket ** Visa Inc V.N: up 6.9% premarket ** American Express Co AXP.N: up 19.0% premarket BUZZ-U.S. card firms jump on vaccine cheer
** Fisker Inc FSR.N: up 7.3% premarket BUZZ-Rises as Cowen initiates with 'outperform'
** CVS Health Corp CVS.N: up 2.1% premarket BUZZ-Street View: CVS Health's long-term story seems intact
** KKR & Co Inc KKR.N: up 4.9% premarket ** Blackstone Group Inc BX.N: up 2.8% premarket ** BlackRock Inc BLK.N: up 4.3% premarket ** Apollo Global Management Inc APO.N: up 4.4% premarket BuZZ-U.S. private equity firms rise as Pfizer says vaccine effective
** Calliditas Therapeutics CALT.O: up 50.0% premarket BUZZ-Soars on positive data for its kidney disease treatment
** American Airlines AAL.O: up 23.8% premarket ** Hilton Worldwide HLT.N: up 15.3% premarket ** Carnival Corp CCL.N: up 31.0% premarket ** MGM Resorts International MGM.N: up 15.3% premarket BUZZ-U.S. airlines, travel stocks soar after Pfizer's COVID-19 vaccine more than 90% effective
(Reporting by Shreyasee Raj in Bangalore)
((Shreyasee.Raj@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Amc Entertat Hld , up 83.1% ** Ashford Hosptlty , up 41.0% ** Cinemark Hldgs , up 40.4% The top three NYSE percentage losers premarket .PRPL.NQ: ** Highpoint Resrcs , down 23.4% ** Duff & Plp Mdstm , down 17.1% ** Nautilus Inc , down 13.6% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Sundial Growers Inc , up 128.0% ** Aptevo Therapeutics Inc , up 112.0% ** Company name not found , up 54.5% The top three Nasdaq percentage losers premarket .PRPL.O: ** Monocle Acquisition , down 43.6% ** Quidel Corp , down 32.3% ** Biogen Inc , down 28.2% ** New York Times NYT.N: up 1.4% premarket BUZZ-Evercore ISI upgrades on subscriber growth expectations ** Sundial Growers Inc SNDL.O: up 128.0% premarket ** Canopy Growth Corp CGC.N: up 12.0% premarket ** Aphria Inc APHA.O: up 15.3% premarket ** Cronos Group CRON.O: up 14.0% premarket ** Aurora Cannabis Inc ACB.N: up 30.6% premarket ** Tilray Inc TLRY.O: up 20.5% premarket BUZZ-Pot stocks high on Biden election win ** Array Technologies ARRY.O: down 4.0% premarket BUZZ-JPM, CS start coverage eyeing solar market growth ** MSCI Turkey ETF TUR.O: up 8.8% premarket BUZZ-Jumps as country's finance minister resigns ** Biogen BIIB.O: down 28.2% premarket BUZZ-Street View: Approval of Biogen's Alzheimer's drug no longer a slam dunk ** F5 Networks FFIV.O: up 14.3% premarket BUZZ-Up on report of Elliott's stake ** Pfizer PFE.N: up 16.1% premarket BUZZ-Jumps after company says its COVID-19 vaccine is more than 90% effective ** JPMorgan Chase & Co JPM.N: up 9.1% premarket ** Morgan Stanley MS.N: up 7.2% premarket ** Wells Fargo WFC.N: up 8.4% premarket ** Citigroup C.N: up 8.8% premarket BUZZ-U.S. banks track market gains as Pfizer says vaccine effective ** TrueCar TRUE.O: up 8.4% premarket BUZZ-Rises after brokerage upgrades to 'market outperform' ** Pfizer PFE.N: up 16.1% premarket ** BioNTech BNTX.O: up 27.2% premarket BUZZ-Rise as COVID-19 vaccine shown effective in large study ** Mastercard Inc MA.N: up 8.5% premarket ** Visa Inc V.N: up 6.9% premarket ** American Express Co AXP.N: up 19.0% premarket BUZZ-U.S. card firms jump on vaccine cheer ** Fisker Inc FSR.N: up 7.3% premarket BUZZ-Rises as Cowen initiates with 'outperform' ** CVS Health Corp CVS.N: up 2.1% premarket BUZZ-Street View: CVS Health's long-term story seems intact ** KKR & Co Inc KKR.N: up 4.9% premarket ** Blackstone Group Inc BX.N: up 2.8% premarket ** BlackRock Inc BLK.N: up 4.3% premarket ** Apollo Global Management Inc APO.N: up 4.4% premarket BuZZ-U.S. private equity firms rise as Pfizer says vaccine effective ** Calliditas Therapeutics CALT.O: up 50.0% premarket BUZZ-Soars on positive data for its kidney disease treatment ** American Airlines AAL.O: up 23.8% premarket ** Hilton Worldwide HLT.N: up 15.3% premarket ** Carnival Corp CCL.N: up 31.0% premarket ** MGM Resorts International MGM.N: up 15.3% premarket BUZZ-U.S. airlines, travel stocks soar after Pfizer's COVID-19 vaccine more than 90% effective (Reporting by Shreyasee Raj in Bangalore) ((Shreyasee.Raj@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 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. stock prices surged on Monday as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis. .N At 8:29 ET, Dow e-minis 1YMc1 were up 5.57% at 29,776.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Amc Entertat Hld , up 83.1% ** Ashford Hosptlty , up 41.0% ** Cinemark Hldgs , up 40.4% The top three NYSE percentage losers premarket .PRPL.NQ: ** Highpoint Resrcs , down 23.4% ** Duff & Plp Mdstm , down 17.1% ** Nautilus Inc , down 13.6% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Sundial Growers Inc , up 128.0% ** Aptevo Therapeutics Inc , up 112.0% ** Company name not found , up 54.5% The top three Nasdaq percentage losers premarket .PRPL.O: ** Monocle Acquisition , down 43.6% ** Quidel Corp , down 32.3% ** Biogen Inc , down 28.2% ** New York Times NYT.N: up 1.4% premarket BUZZ-Evercore ISI upgrades on subscriber growth expectations ** Sundial Growers Inc SNDL.O: up 128.0% premarket ** Canopy Growth Corp CGC.N: up 12.0% premarket ** Aphria Inc APHA.O: up 15.3% premarket ** Cronos Group CRON.O: up 14.0% premarket ** Aurora Cannabis Inc ACB.N: up 30.6% premarket ** Tilray Inc TLRY.O: up 20.5% premarket BUZZ-Pot stocks high on Biden election win ** Array Technologies ARRY.O: down 4.0% premarket BUZZ-JPM, CS start coverage eyeing solar market growth ** MSCI Turkey ETF TUR.O: up 8.8% premarket BUZZ-Jumps as country's finance minister resigns ** Biogen BIIB.O: down 28.2% premarket BUZZ-Street View: Approval of Biogen's Alzheimer's drug no longer a slam dunk ** F5 Networks FFIV.O: up 14.3% premarket BUZZ-Up on report of Elliott's stake ** Pfizer PFE.N: up 16.1% premarket BUZZ-Jumps after company says its COVID-19 vaccine is more than 90% effective ** JPMorgan Chase & Co JPM.N: up 9.1% premarket ** Morgan Stanley MS.N: up 7.2% premarket ** Wells Fargo WFC.N: up 8.4% premarket ** Citigroup C.N: up 8.8% premarket BUZZ-U.S. banks track market gains as Pfizer says vaccine effective ** TrueCar TRUE.O: up 8.4% premarket BUZZ-Rises after brokerage upgrades to 'market outperform' ** Pfizer PFE.N: up 16.1% premarket ** BioNTech BNTX.O: up 27.2% premarket BUZZ-Rise as COVID-19 vaccine shown effective in large study ** Mastercard Inc MA.N: up 8.5% premarket ** Visa Inc V.N: up 6.9% premarket ** American Express Co AXP.N: up 19.0% premarket BUZZ-U.S. card firms jump on vaccine cheer ** Fisker Inc FSR.N: up 7.3% premarket BUZZ-Rises as Cowen initiates with 'outperform' ** CVS Health Corp CVS.N: up 2.1% premarket BUZZ-Street View: CVS Health's long-term story seems intact ** KKR & Co Inc KKR.N: up 4.9% premarket ** Blackstone Group Inc BX.N: up 2.8% premarket ** BlackRock Inc BLK.N: up 4.3% premarket ** Apollo Global Management Inc APO.N: up 4.4% premarket BuZZ-U.S. private equity firms rise as Pfizer says vaccine effective ** Calliditas Therapeutics CALT.O: up 50.0% premarket BUZZ-Soars on positive data for its kidney disease treatment ** American Airlines AAL.O: up 23.8% premarket ** Hilton Worldwide HLT.N: up 15.3% premarket ** Carnival Corp CCL.N: up 31.0% premarket ** MGM Resorts International MGM.N: up 15.3% premarket BUZZ-U.S. airlines, travel stocks soar after Pfizer's COVID-19 vaccine more than 90% effective (Reporting by Shreyasee Raj in Bangalore) ((Shreyasee.Raj@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 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. stock prices surged on Monday as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis. S&P 500 e-minis ESc1 were up 4.28% at 3,650.75, while Nasdaq 100 e-minis NQc1 were up 0.62% at 12,149.75.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Amc Entertat Hld , up 83.1% ** Ashford Hosptlty , up 41.0% ** Cinemark Hldgs , up 40.4% The top three NYSE percentage losers premarket .PRPL.NQ: ** Highpoint Resrcs , down 23.4% ** Duff & Plp Mdstm , down 17.1% ** Nautilus Inc , down 13.6% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Sundial Growers Inc , up 128.0% ** Aptevo Therapeutics Inc , up 112.0% ** Company name not found , up 54.5% The top three Nasdaq percentage losers premarket .PRPL.O: ** Monocle Acquisition , down 43.6% ** Quidel Corp , down 32.3% ** Biogen Inc , down 28.2% ** New York Times NYT.N: up 1.4% premarket BUZZ-Evercore ISI upgrades on subscriber growth expectations ** Sundial Growers Inc SNDL.O: up 128.0% premarket ** Canopy Growth Corp CGC.N: up 12.0% premarket ** Aphria Inc APHA.O: up 15.3% premarket ** Cronos Group CRON.O: up 14.0% premarket ** Aurora Cannabis Inc ACB.N: up 30.6% premarket ** Tilray Inc TLRY.O: up 20.5% premarket BUZZ-Pot stocks high on Biden election win ** Array Technologies ARRY.O: down 4.0% premarket BUZZ-JPM, CS start coverage eyeing solar market growth ** MSCI Turkey ETF TUR.O: up 8.8% premarket BUZZ-Jumps as country's finance minister resigns ** Biogen BIIB.O: down 28.2% premarket BUZZ-Street View: Approval of Biogen's Alzheimer's drug no longer a slam dunk ** F5 Networks FFIV.O: up 14.3% premarket BUZZ-Up on report of Elliott's stake ** Pfizer PFE.N: up 16.1% premarket BUZZ-Jumps after company says its COVID-19 vaccine is more than 90% effective ** JPMorgan Chase & Co JPM.N: up 9.1% premarket ** Morgan Stanley MS.N: up 7.2% premarket ** Wells Fargo WFC.N: up 8.4% premarket ** Citigroup C.N: up 8.8% premarket BUZZ-U.S. banks track market gains as Pfizer says vaccine effective ** TrueCar TRUE.O: up 8.4% premarket BUZZ-Rises after brokerage upgrades to 'market outperform' ** Pfizer PFE.N: up 16.1% premarket ** BioNTech BNTX.O: up 27.2% premarket BUZZ-Rise as COVID-19 vaccine shown effective in large study ** Mastercard Inc MA.N: up 8.5% premarket ** Visa Inc V.N: up 6.9% premarket ** American Express Co AXP.N: up 19.0% premarket BUZZ-U.S. card firms jump on vaccine cheer ** Fisker Inc FSR.N: up 7.3% premarket BUZZ-Rises as Cowen initiates with 'outperform' ** CVS Health Corp CVS.N: up 2.1% premarket BUZZ-Street View: CVS Health's long-term story seems intact ** KKR & Co Inc KKR.N: up 4.9% premarket ** Blackstone Group Inc BX.N: up 2.8% premarket ** BlackRock Inc BLK.N: up 4.3% premarket ** Apollo Global Management Inc APO.N: up 4.4% premarket BuZZ-U.S. private equity firms rise as Pfizer says vaccine effective ** Calliditas Therapeutics CALT.O: up 50.0% premarket BUZZ-Soars on positive data for its kidney disease treatment ** American Airlines AAL.O: up 23.8% premarket ** Hilton Worldwide HLT.N: up 15.3% premarket ** Carnival Corp CCL.N: up 31.0% premarket ** MGM Resorts International MGM.N: up 15.3% premarket BUZZ-U.S. airlines, travel stocks soar after Pfizer's COVID-19 vaccine more than 90% effective (Reporting by Shreyasee Raj in Bangalore) ((Shreyasee.Raj@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. .N At 8:29 ET, Dow e-minis 1YMc1 were up 5.57% at 29,776. S&P 500 e-minis ESc1 were up 4.28% at 3,650.75, while Nasdaq 100 e-minis NQc1 were up 0.62% at 12,149.75.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Amc Entertat Hld , up 83.1% ** Ashford Hosptlty , up 41.0% ** Cinemark Hldgs , up 40.4% The top three NYSE percentage losers premarket .PRPL.NQ: ** Highpoint Resrcs , down 23.4% ** Duff & Plp Mdstm , down 17.1% ** Nautilus Inc , down 13.6% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Sundial Growers Inc , up 128.0% ** Aptevo Therapeutics Inc , up 112.0% ** Company name not found , up 54.5% The top three Nasdaq percentage losers premarket .PRPL.O: ** Monocle Acquisition , down 43.6% ** Quidel Corp , down 32.3% ** Biogen Inc , down 28.2% ** New York Times NYT.N: up 1.4% premarket BUZZ-Evercore ISI upgrades on subscriber growth expectations ** Sundial Growers Inc SNDL.O: up 128.0% premarket ** Canopy Growth Corp CGC.N: up 12.0% premarket ** Aphria Inc APHA.O: up 15.3% premarket ** Cronos Group CRON.O: up 14.0% premarket ** Aurora Cannabis Inc ACB.N: up 30.6% premarket ** Tilray Inc TLRY.O: up 20.5% premarket BUZZ-Pot stocks high on Biden election win ** Array Technologies ARRY.O: down 4.0% premarket BUZZ-JPM, CS start coverage eyeing solar market growth ** MSCI Turkey ETF TUR.O: up 8.8% premarket BUZZ-Jumps as country's finance minister resigns ** Biogen BIIB.O: down 28.2% premarket BUZZ-Street View: Approval of Biogen's Alzheimer's drug no longer a slam dunk ** F5 Networks FFIV.O: up 14.3% premarket BUZZ-Up on report of Elliott's stake ** Pfizer PFE.N: up 16.1% premarket BUZZ-Jumps after company says its COVID-19 vaccine is more than 90% effective ** JPMorgan Chase & Co JPM.N: up 9.1% premarket ** Morgan Stanley MS.N: up 7.2% premarket ** Wells Fargo WFC.N: up 8.4% premarket ** Citigroup C.N: up 8.8% premarket BUZZ-U.S. banks track market gains as Pfizer says vaccine effective ** TrueCar TRUE.O: up 8.4% premarket BUZZ-Rises after brokerage upgrades to 'market outperform' ** Pfizer PFE.N: up 16.1% premarket ** BioNTech BNTX.O: up 27.2% premarket BUZZ-Rise as COVID-19 vaccine shown effective in large study ** Mastercard Inc MA.N: up 8.5% premarket ** Visa Inc V.N: up 6.9% premarket ** American Express Co AXP.N: up 19.0% premarket BUZZ-U.S. card firms jump on vaccine cheer ** Fisker Inc FSR.N: up 7.3% premarket BUZZ-Rises as Cowen initiates with 'outperform' ** CVS Health Corp CVS.N: up 2.1% premarket BUZZ-Street View: CVS Health's long-term story seems intact ** KKR & Co Inc KKR.N: up 4.9% premarket ** Blackstone Group Inc BX.N: up 2.8% premarket ** BlackRock Inc BLK.N: up 4.3% premarket ** Apollo Global Management Inc APO.N: up 4.4% premarket BuZZ-U.S. private equity firms rise as Pfizer says vaccine effective ** Calliditas Therapeutics CALT.O: up 50.0% premarket BUZZ-Soars on positive data for its kidney disease treatment ** American Airlines AAL.O: up 23.8% premarket ** Hilton Worldwide HLT.N: up 15.3% premarket ** Carnival Corp CCL.N: up 31.0% premarket ** MGM Resorts International MGM.N: up 15.3% premarket BUZZ-U.S. airlines, travel stocks soar after Pfizer's COVID-19 vaccine more than 90% effective (Reporting by Shreyasee Raj in Bangalore) ((Shreyasee.Raj@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 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. stock prices surged on Monday as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis. .N At 8:29 ET, Dow e-minis 1YMc1 were up 5.57% at 29,776.
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5073.0
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2020-11-09 00:00:00 UTC
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US STOCKS-S&P 500, Dow set to open at record highs as vaccine moves step closer
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-500-dow-set-to-open-at-record-highs-as-vaccine-moves-step-closer-2020-11-09
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By Medha Singh and Shivani Kumaresan
Nov 9 (Reuters) - The S&P 500 and Dow were set to open at record highs on Monday, as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis.
With markets also benefiting from a bounce after Joe Biden's clinching of a tightly-fought presidential election, the blue-chip Dow will finally have reclaimed all its coronavirus-induced losses earlier this year after the news from Pfizer PFE.N and German partner BioNTech BNTX.O. The S&P 500 and the Nasdaq returned to record highs briefly in September.
The companies hit hardest by months of travel bans and lockdowns soared, with Boeing Co BA.N up 15%, and airlines AAL.O, UAL.O and cruise line operators NCLH.N, CCL.N all between 20% and 30% higher.
Pfizer shares jumped 13%, while futures tracking the small-cap Russell 2000 index RTYcv1 jumped 7% to hit its upper trading limit by 07:38 a.m. ET.
At 08:39 a.m. ET, Dow E-minis 1YMcv1 were up 1,673 points, or 5.93%. The S&P 500 E-minis EScv1 were up 4.58% to 3,660.75 points; the daily limit up is at 3,746 for Monday.
"The (vaccine effectiveness) has far exceeded even the wildest of optimistic expectations and the market is reflecting that," said Thomas Hayes, managing member at Great Hill Capital Llc in New York.
"This is getting to the end of the crisis (and) is a game changer."
Oil prices soared over 10%, while the U.S. Treasuries sold off after Pfizer and BioNtech said the data showed the vaccine was more than 90% effective in preventing COVID-19.
U.S. banks including Citigroup Inc C.N and Bank of America Corp BAC.N, often seen as a proxy for the broader economy, jumped about 9%, while oil majors Exxon Mobil Corp XOM.N and Chevron Corp CVX.N climbed about 10%.
The companies, the first drugmakers to show successful data from a large-scale clinical trial, said they had found no serious safety concerns so far, and expect to seek U.S. emergency use authorization later this month.
By contrast, shares in tech and other companies seen as "stay-at-home" winners were lower or gaining less.
Nasdaq 100 E-minis NQcv1 gained 152.5 points or 1.29%, underperforming the S&P and Dow futures as Netflix Inc NFLX.O dropped 5.6%, gaming company Activision Blizzard Inc ATVI.O and online retail giant Amazon.com AMZN.O fell about 3%.
Biden's victory in Pennsylvania on Saturday put him above the 270 Electoral College votes needed to secure the presidency, four days after Election Day, although President Donald Trump does not plan to concede anytime soon.
Among other movers, McDonald's Corp MCD.N gained about 5% after it beat third-quarter revenue and profit estimates, as customers in the United States ordered more hamburgers and fries in drive-through outlets and on delivery apps.
(Reporting by Medha Singh and Shivani Kumaresan in Bengaluru; Additional reporting by Alden Bentley and Chuck Mikolajczak in New York and Sagarika Jaisinghani in Bengaluru; Editing by Patrick Graham, Saumyadeb Chakrabarty and Shounak Dasgupta)
((Sagarika.Jaisinghani@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256))
The views and 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 hit hardest by months of travel bans and lockdowns soared, with Boeing Co BA.N up 15%, and airlines AAL.O, UAL.O and cruise line operators NCLH.N, CCL.N all between 20% and 30% higher. By Medha Singh and Shivani Kumaresan Nov 9 (Reuters) - The S&P 500 and Dow were set to open at record highs on Monday, as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis. With markets also benefiting from a bounce after Joe Biden's clinching of a tightly-fought presidential election, the blue-chip Dow will finally have reclaimed all its coronavirus-induced losses earlier this year after the news from Pfizer PFE.N and German partner BioNTech BNTX.O.
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The companies hit hardest by months of travel bans and lockdowns soared, with Boeing Co BA.N up 15%, and airlines AAL.O, UAL.O and cruise line operators NCLH.N, CCL.N all between 20% and 30% higher. By Medha Singh and Shivani Kumaresan Nov 9 (Reuters) - The S&P 500 and Dow were set to open at record highs on Monday, as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis. Nasdaq 100 E-minis NQcv1 gained 152.5 points or 1.29%, underperforming the S&P and Dow futures as Netflix Inc NFLX.O dropped 5.6%, gaming company Activision Blizzard Inc ATVI.O and online retail giant Amazon.com AMZN.O fell about 3%.
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The companies hit hardest by months of travel bans and lockdowns soared, with Boeing Co BA.N up 15%, and airlines AAL.O, UAL.O and cruise line operators NCLH.N, CCL.N all between 20% and 30% higher. By Medha Singh and Shivani Kumaresan Nov 9 (Reuters) - The S&P 500 and Dow were set to open at record highs on Monday, as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis. Nasdaq 100 E-minis NQcv1 gained 152.5 points or 1.29%, underperforming the S&P and Dow futures as Netflix Inc NFLX.O dropped 5.6%, gaming company Activision Blizzard Inc ATVI.O and online retail giant Amazon.com AMZN.O fell about 3%.
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The companies hit hardest by months of travel bans and lockdowns soared, with Boeing Co BA.N up 15%, and airlines AAL.O, UAL.O and cruise line operators NCLH.N, CCL.N all between 20% and 30% higher. By Medha Singh and Shivani Kumaresan Nov 9 (Reuters) - The S&P 500 and Dow were set to open at record highs on Monday, as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis. The S&P 500 E-minis EScv1 were up 4.58% to 3,660.75 points; the daily limit up is at 3,746 for Monday.
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5074.0
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2020-11-09 00:00:00 UTC
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US STOCKS-S&P 500, Dow set to surge as vaccine moves step closer
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-500-dow-set-to-surge-as-vaccine-moves-step-closer-2020-11-09
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nan
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nan
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By Medha Singh and Shivani Kumaresan
Nov 9 (Reuters) - U.S. stock prices surged on Monday as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis.
With markets also benefitting from a bounce after Joe Biden's clinching of a tightly-fought presidential election, futures showed the S&P 500 on track to open at a record high after the news from Pfizer PFE.N and German partner BioNTech BNTX.O.
The companies hit hardest by months of travel bans and lockdowns soared, with Boeing Co BA.N up 15%, and airlines AAL.O, UAL.O and cruise line operators NCLH.N, CCL.N all between 20% to 30% higher.
Pfizer shares jumped 13% while futures tracking the small-cap Russell 2000 index RTYcv1 jumped 7% to hit its upper trading limit by 07:38 a.m. ET.
Dow E-minis 1YMcv1 jumped 5% while S&P 500 E-minis EScv1 gained 3.36% to 3,618.5 points; the daily up limit is at 3,746.
"This is very very important (news) because it validates the market view that the economy and earnings can receive that growth path that they had before the (COVID-19) crisis struck," said Andrea Cicione, Head of Strategy at TS Lombard in London.
U.S. banks including Citigroup Inc C.N, Bank of America Corp BAC.N and Goldman Sachs Group Inc GS.N, often seen as a proxy for the broader economy, jumped between 5% and 8% after Pfizer and BioNtech said the data showed the vaccine was more than 90% effective in preventing COVID-19.
The companies, the first drugmakers to show successful data from a large-scale clinical trial, said they had found no serious safety concerns so far, and expect to seek U.S. emergency use authorization later this month.
"The bigger driver of the economic outlook is from the outside factors," said ING analyst Carsten Brzeski. "Right now that means the development of a vaccine."
By contrast, shares in tech and other companies seen as "stay-at-home" winners were lower or gaining less.
Nasdaq futures NQcv1 were down 135.75 points or 1.12% with Netflix Inc NFLX.O dropping 5.6%, gaming company Activision Blizzard, Inc ATVI.O and Amazon.com AMZN.O down about 3% and Apple Inc AAPL.O marginally lower on the day.
Biden's victory in Pennsylvania on Saturday put him above the 270 Electoral College votes needed to secure the presidency, four days after Election Day, although President Donald Trump does not plan to concede anytime soon.
(Reporting by Medha Singh and Shivani Kumaresan in Bengaluru; Additional reporting by Alden Bentley and Chuck Mikolajczak in New York and Sagarika Jaisinghani in Bengaluru; Editing by Patrick Graham, Shounak Dasgupta and Saumyadeb Chakrabarty)
((Sagarika.Jaisinghani@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256))
The views and 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 hit hardest by months of travel bans and lockdowns soared, with Boeing Co BA.N up 15%, and airlines AAL.O, UAL.O and cruise line operators NCLH.N, CCL.N all between 20% to 30% higher. By Medha Singh and Shivani Kumaresan Nov 9 (Reuters) - U.S. stock prices surged on Monday as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis. With markets also benefitting from a bounce after Joe Biden's clinching of a tightly-fought presidential election, futures showed the S&P 500 on track to open at a record high after the news from Pfizer PFE.N and German partner BioNTech BNTX.O.
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The companies hit hardest by months of travel bans and lockdowns soared, with Boeing Co BA.N up 15%, and airlines AAL.O, UAL.O and cruise line operators NCLH.N, CCL.N all between 20% to 30% higher. Pfizer shares jumped 13% while futures tracking the small-cap Russell 2000 index RTYcv1 jumped 7% to hit its upper trading limit by 07:38 a.m. U.S. banks including Citigroup Inc C.N, Bank of America Corp BAC.N and Goldman Sachs Group Inc GS.N, often seen as a proxy for the broader economy, jumped between 5% and 8% after Pfizer and BioNtech said the data showed the vaccine was more than 90% effective in preventing COVID-19.
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The companies hit hardest by months of travel bans and lockdowns soared, with Boeing Co BA.N up 15%, and airlines AAL.O, UAL.O and cruise line operators NCLH.N, CCL.N all between 20% to 30% higher. By Medha Singh and Shivani Kumaresan Nov 9 (Reuters) - U.S. stock prices surged on Monday as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis. U.S. banks including Citigroup Inc C.N, Bank of America Corp BAC.N and Goldman Sachs Group Inc GS.N, often seen as a proxy for the broader economy, jumped between 5% and 8% after Pfizer and BioNtech said the data showed the vaccine was more than 90% effective in preventing COVID-19.
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The companies hit hardest by months of travel bans and lockdowns soared, with Boeing Co BA.N up 15%, and airlines AAL.O, UAL.O and cruise line operators NCLH.N, CCL.N all between 20% to 30% higher. By Medha Singh and Shivani Kumaresan Nov 9 (Reuters) - U.S. stock prices surged on Monday as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis. Pfizer shares jumped 13% while futures tracking the small-cap Russell 2000 index RTYcv1 jumped 7% to hit its upper trading limit by 07:38 a.m.
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5075.0
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2020-11-05 00:00:00 UTC
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December 24th Options Now Available For American Airlines Group (AAL)
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AAL
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https://www.nasdaq.com/articles/december-24th-options-now-available-for-american-airlines-group-aal-2020-11-05
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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 December 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new December 24th contracts and identified the following call contract of particular interest.
The call contract at the $13.00 strike price has a current bid of 56 cents. If an investor was to purchase shares of AAL stock at the current price level of $11.44/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $13.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.53% if the stock gets called away at the December 24th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $13.00 strike highlighted in red:
Considering the fact that the $13.00 strike represents an approximate 14% 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 4.90% boost of extra return to the investor, or 36.46% 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 $11.44) to be 98%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $13.00 strike highlighted in red: Considering the fact that the $13.00 strike represents an approximate 14% 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 December 24th expiration.
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Investors in American Airlines Group Inc (Symbol: AAL) saw new options begin trading today, for the December 24th expiration. 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 $13.00 strike highlighted in red: Considering the fact that the $13.00 strike represents an approximate 14% 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.
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If an investor was to purchase shares of AAL stock at the current price level of $11.44/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $13.00. Below is a chart showing AAL's trailing twelve month trading history, with the $13.00 strike highlighted in red: Considering the fact that the $13.00 strike represents an approximate 14% 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 December 24th expiration.
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Investors in American Airlines Group Inc (Symbol: AAL) saw new options begin trading today, for the December 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new December 24th contracts and identified the following call contract of particular interest. Below is a chart showing AAL's trailing twelve month trading history, with the $13.00 strike highlighted in red: Considering the fact that the $13.00 strike represents an approximate 14% 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.
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5076.0
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2020-11-05 00:00:00 UTC
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London stocks gain after BoE extends stimulus programme
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AAL
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https://www.nasdaq.com/articles/london-stocks-gain-after-boe-extends-stimulus-programme-2020-11-05-0
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nan
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nan
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By Devik Jain and Sruthi Shankar
Nov 5 (Reuters) - London stocks rose on Thursday after the Bank of England extended a stimulus programme to cushion Britain's struggling economy as England goes into a second national lockdown.
The blue-chip FTSE 100 index .FTSE inched 0.2% higher, boosted by stocks of industrials .FTNMX2720 and retailers .FTNMX5370, but a stronger pound GBP= and declines in oil majors BP BP.L and Royal Dutch Shell RDSa.L on lower crude prices, limited gains. GBP/O/R
The domestically focused mid-cap FTSE 250 .FTMC gained 0.2%, with shares in rail and coach ticketing company Trainline Plc TRNT.L jumping 5.0% as JP Morgan upgraded the stock to 'overweight' after first-half results.
The BoE ramped up its already huge asset purchase programme by a further 150 billion pounds ($195 billion) and said it expects Britain's economy to shrink by 11% in 2020, more severe than the 9.5% contraction it had forecast in August.
"An extraordinary economic shock warrants an extraordinary policy response. Today's announcement (by BoE) shows once again that the Bank is committed to supporting the government in its economic response to the pandemic," said Ambrose Crofton,global marketstrategist at J.P. Morgan Asset Management.
Finance minister Rishi Sunak is set to speak later in the day, with a report saying the government will extend its pandemic bailout schemes even after the lockdown ends on December 2.
"A reintroduction of a furlough scheme will be much more important in dealing with the impact of the new lockdown measures in the short term," said Neil Birrell, chief investment officer, Premier Miton Investors.
Focus was also on the U.S. presidential election race, with Democratic contender Joe Biden moving closer to victory, while incumbent President Donald Trump mounted legal challenges as election officials tallied votes in the handful of states that will determine the outcome.
Auto distributor Inchcape Plc INCH.L jumped 4%, after a beat-and-raise quarter, while Anglo American Plc AAL.O fell 3% after the miner cut its annual metal production outlook.
(Reporting by Devik Jain in Bengaluru; Editing by Shailesh Kuber)
((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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Auto distributor Inchcape Plc INCH.L jumped 4%, after a beat-and-raise quarter, while Anglo American Plc AAL.O fell 3% after the miner cut its annual metal production outlook. The blue-chip FTSE 100 index .FTSE inched 0.2% higher, boosted by stocks of industrials .FTNMX2720 and retailers .FTNMX5370, but a stronger pound GBP= and declines in oil majors BP BP.L and Royal Dutch Shell RDSa.L on lower crude prices, limited gains. GBP/O/R The domestically focused mid-cap FTSE 250 .FTMC gained 0.2%, with shares in rail and coach ticketing company Trainline Plc TRNT.L jumping 5.0% as JP Morgan upgraded the stock to 'overweight' after first-half results.
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Auto distributor Inchcape Plc INCH.L jumped 4%, after a beat-and-raise quarter, while Anglo American Plc AAL.O fell 3% after the miner cut its annual metal production outlook. By Devik Jain and Sruthi Shankar Nov 5 (Reuters) - London stocks rose on Thursday after the Bank of England extended a stimulus programme to cushion Britain's struggling economy as England goes into a second national lockdown. The BoE ramped up its already huge asset purchase programme by a further 150 billion pounds ($195 billion) and said it expects Britain's economy to shrink by 11% in 2020, more severe than the 9.5% contraction it had forecast in August.
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Auto distributor Inchcape Plc INCH.L jumped 4%, after a beat-and-raise quarter, while Anglo American Plc AAL.O fell 3% after the miner cut its annual metal production outlook. By Devik Jain and Sruthi Shankar Nov 5 (Reuters) - London stocks rose on Thursday after the Bank of England extended a stimulus programme to cushion Britain's struggling economy as England goes into a second national lockdown. GBP/O/R The domestically focused mid-cap FTSE 250 .FTMC gained 0.2%, with shares in rail and coach ticketing company Trainline Plc TRNT.L jumping 5.0% as JP Morgan upgraded the stock to 'overweight' after first-half results.
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Auto distributor Inchcape Plc INCH.L jumped 4%, after a beat-and-raise quarter, while Anglo American Plc AAL.O fell 3% after the miner cut its annual metal production outlook. By Devik Jain and Sruthi Shankar Nov 5 (Reuters) - London stocks rose on Thursday after the Bank of England extended a stimulus programme to cushion Britain's struggling economy as England goes into a second national lockdown. The blue-chip FTSE 100 index .FTSE inched 0.2% higher, boosted by stocks of industrials .FTNMX2720 and retailers .FTNMX5370, but a stronger pound GBP= and declines in oil majors BP BP.L and Royal Dutch Shell RDSa.L on lower crude prices, limited gains.
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5077.0
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2020-11-04 00:00:00 UTC
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Chile's mining investment to lag while constitution rewritten, official says
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AAL
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https://www.nasdaq.com/articles/chiles-mining-investment-to-lag-while-constitution-rewritten-official-says-2020-11-04
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nan
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nan
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By Fabian Cambero
SANTIAGO, Nov 4 (Reuters) - Chile's world-leading copper industry will see investment lag for at least two years as the country rewrites a constitution that underpinned nearly three decades of mining growth in the South American nation, a senior mining official told Reuters.
"Hardly a project of a very large magnitude will be carried out in the next two years until there is clarity around the new constitution," Diego Hernández, president of Chile's National Mining Society (Sonami), said on Tuesday. "And I don't think it is necessary given supply-demand and the market at the moment."
Chileans last month voted overwhelmingly in favor of scrapping the country's dictatorship-era constitution, but the process of drafting a new one is expected to extend through 2022.
Several issues on the table could impact mining, from indigenous and collective bargaining rights to baseline rules that govern mining rights, environmental protections and worker benefits.
But Hernández, a former top mining executive, said the process was not "open season" for changes. Sonami, a trade group, represents mining firms including BHP BHP.AX, Anglo-American AAL.L and Antofagasta ANTO.L.
"Any arbitrary decision that Chile makes against foreign investment, against any (standing) commitment, will be very expensive decisions," he said, adding that extreme amendments to the new charter should be avoided because a two-thirds vote by the 155-member constitutional convention would be needed to approve it.
"If two-thirds wanted a radical change, it would have to be respected, but I do not think that is the case."
The timing of the constitutional rewrite coincides with a global lag in demand brought on by the coronavirus pandemic that will also weigh on investors' decisions, Hernández said, a one-two punch that is likely to put the brakes on new projects and proposals in Chile for an extended period.
Hernandez said clear rules around mining property and rights - seen as critical to the development of Chile's metals industry - must be maintained in the new constitution if the country is to maintain its world-leading position.
He added that top miners recognized that some changes were necessary to meet the demands of the people, but mining itself - the country's top economic driver and a major source of government tax income - must be protected.
"Chile cannot afford the luxury of dispensing with mining," Hernández said, defending the industry's record on hot-button areas like water use. "Mining can be done while respecting the environment."
(Reporting by Fabian Cambero; Writing by Dave Sherwood; Editing by Adam Jourdan and Paul Simao)
((dave.sherwood@thomsonreuters.com; +56 9 9138 1047, +56 2 2370 4224; Reuters Messaging: dave.sherwood.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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Sonami, a trade group, represents mining firms including BHP BHP.AX, Anglo-American AAL.L and Antofagasta ANTO.L. "Hardly a project of a very large magnitude will be carried out in the next two years until there is clarity around the new constitution," Diego Hernández, president of Chile's National Mining Society (Sonami), said on Tuesday. Chileans last month voted overwhelmingly in favor of scrapping the country's dictatorship-era constitution, but the process of drafting a new one is expected to extend through 2022.
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Sonami, a trade group, represents mining firms including BHP BHP.AX, Anglo-American AAL.L and Antofagasta ANTO.L. By Fabian Cambero SANTIAGO, Nov 4 (Reuters) - Chile's world-leading copper industry will see investment lag for at least two years as the country rewrites a constitution that underpinned nearly three decades of mining growth in the South American nation, a senior mining official told Reuters. "Hardly a project of a very large magnitude will be carried out in the next two years until there is clarity around the new constitution," Diego Hernández, president of Chile's National Mining Society (Sonami), said on Tuesday.
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Sonami, a trade group, represents mining firms including BHP BHP.AX, Anglo-American AAL.L and Antofagasta ANTO.L. By Fabian Cambero SANTIAGO, Nov 4 (Reuters) - Chile's world-leading copper industry will see investment lag for at least two years as the country rewrites a constitution that underpinned nearly three decades of mining growth in the South American nation, a senior mining official told Reuters. Several issues on the table could impact mining, from indigenous and collective bargaining rights to baseline rules that govern mining rights, environmental protections and worker benefits.
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Sonami, a trade group, represents mining firms including BHP BHP.AX, Anglo-American AAL.L and Antofagasta ANTO.L. By Fabian Cambero SANTIAGO, Nov 4 (Reuters) - Chile's world-leading copper industry will see investment lag for at least two years as the country rewrites a constitution that underpinned nearly three decades of mining growth in the South American nation, a senior mining official told Reuters. "And I don't think it is necessary given supply-demand and the market at the moment."
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5078.0
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2020-11-04 00:00:00 UTC
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Will Spirit Aerosystems Stock Recover Anytime Soon?
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AAL
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https://www.nasdaq.com/articles/will-spirit-aerosystems-stock-recover-anytime-soon-2020-11-04
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nan
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nan
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We believe there may be better places for your money than Spirit Aerosystems stock (NYSE: SPR) at the present time. SPR trades at $19 currently and it has lost 72% in value this year. The stock has not gained much since March due to tepid air travel demand and a slow production rate of Boeing 737 MAX. Spirit Aerosystems manufactures fuselage systems, propulsion systems, and wing systems for Boeing and Airbus. Due to ongoing order deferrals by airlines, the demand for new aircraft is expected to remain subdued for a prolonged period. While the company has taken a slew of measures including facility closures, 90% reduction in dividend, and employee furloughs, the high operating expenses will continue to weigh on shareholder returns until air travel demand recovers. However, given Spirit Aerosystems’ stock performance during the current crisis with that during the 2008 recession there is a sizable upside if MAX gets approval and Boeing kickstarts its production. Notably, the 737 MAX order accounts for 60% of Spirit Aerosystems’ $42.5 billion total backlog.
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 51% 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 vs S&P 500 Performance Over 2007-08 Financial Crisis
SPR stock declined from levels of around $38 in September 2007 (pre-crisis peak) to levels of around $10 in March 2009 (as the markets bottomed out), implying SPR stock lost 74% from its approximate pre-crisis peak. It recovered post the 2008 crisis to levels of about $21 in early 2010 – rising by 110% 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.
In Recent Years, Spirit Aerosystems has been growing at a moderate pace
Spirit Aerosystems’ Revenues grew by 20% from $6.6 billion in 2015 to $7.9 billion in 2019, driven by expanding air travel market and fleet replacement targets of airlines. Despite moderate revenue growth, the company’s net margins have remained within the single-digit range, resulting in relatively flat earnings per share. Due to the grounding of MAX aircraft and low production rate at Boeing’s factories, Spirit Aerosystems’ Q2 2020 revenues were 68% below the level seen a year ago, and the EPS figure for the quarter sliding from $1.71 in Q2 2019 to ($2.28) in Q2 2020.
Does Spirit Aerosystems Have A Sufficient Cash Cushion To Meet Its Obligations Through The Coronavirus Crisis?
Spirit Aerosystems’ total debt increased from $1.1 billion in 2016 to $3 billion at the end of Q2 2020, while its total cash increased from $700 million to $2 billion over the same period. Operating cash outflow for the first six months was $560 million but, a bulk of the company’s long-term debt matures after 2023 – indicating a healthy cash position to weather the crisis.
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-October 2020: Poor Q2 results and lukewarm Q3 expectations, but continued improvement in demand and a decline in the number of new cases and progress with vaccine development buoy market sentiment
Spirit Aerosystems’ stock recovered strongly after the 2008 crisis but continued weakness in air travel demand and a delay in MAX certification process is expected to weigh on the stock in 2020.
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.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the company has taken a slew of measures including facility closures, 90% reduction in dividend, and employee furloughs, the high operating expenses will continue to weigh on shareholder returns until air travel demand recovers. Due to the grounding of MAX aircraft and low production rate at Boeing’s factories, Spirit Aerosystems’ Q2 2020 revenues were 68% below the level seen a year ago, and the EPS figure for the quarter sliding from $1.71 in Q2 2019 to ($2.28) in Q2 2020. 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-October 2020: Poor Q2 results and lukewarm Q3 expectations, but continued improvement in demand and a decline in the number of new cases and progress with vaccine development buoy market sentiment Spirit Aerosystems’ stock recovered strongly after the 2008 crisis but continued weakness in air travel demand and a delay in MAX certification process is expected to weigh on the stock in 2020.
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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 Aerosystems vs S&P 500 Performance Over 2007-08 Financial Crisis SPR stock declined from levels of around $38 in September 2007 (pre-crisis peak) to levels of around $10 in March 2009 (as the markets bottomed out), implying SPR stock lost 74% from its approximate pre-crisis peak. Due to the grounding of MAX aircraft and low production rate at Boeing’s factories, Spirit Aerosystems’ Q2 2020 revenues were 68% below the level seen a year ago, and the EPS figure for the quarter sliding from $1.71 in Q2 2019 to ($2.28) in Q2 2020. 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-October 2020: Poor Q2 results and lukewarm Q3 expectations, but continued improvement in demand and a decline in the number of new cases and progress with vaccine development buoy market sentiment Spirit Aerosystems’ stock recovered strongly after the 2008 crisis but continued weakness in air travel demand and a delay in MAX certification process is expected to weigh on the stock in 2020.
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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 Aerosystems vs S&P 500 Performance Over 2007-08 Financial Crisis SPR stock declined from levels of around $38 in September 2007 (pre-crisis peak) to levels of around $10 in March 2009 (as the markets bottomed out), implying SPR stock lost 74% from its approximate pre-crisis peak. In Recent Years, Spirit Aerosystems has been growing at a moderate pace Spirit Aerosystems’ Revenues grew by 20% from $6.6 billion in 2015 to $7.9 billion in 2019, driven by expanding air travel market and fleet replacement targets of airlines. 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-October 2020: Poor Q2 results and lukewarm Q3 expectations, but continued improvement in demand and a decline in the number of new cases and progress with vaccine development buoy market sentiment Spirit Aerosystems’ stock recovered strongly after the 2008 crisis but continued weakness in air travel demand and a delay in MAX certification process is expected to weigh on the stock in 2020.
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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 Aerosystems vs S&P 500 Performance Over 2007-08 Financial Crisis SPR stock declined from levels of around $38 in September 2007 (pre-crisis peak) to levels of around $10 in March 2009 (as the markets bottomed out), implying SPR stock lost 74% from its approximate pre-crisis peak. 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-October 2020: Poor Q2 results and lukewarm Q3 expectations, but continued improvement in demand and a decline in the number of new cases and progress with vaccine development buoy market sentiment Spirit Aerosystems’ stock recovered strongly after the 2008 crisis but continued weakness in air travel demand and a delay in MAX certification process is expected to weigh on the stock in 2020. 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.
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5079.0
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2020-11-03 00:00:00 UTC
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After Hours Most Active for Nov 3, 2020 : QQQ, AAPL, SQQQ, NIO, INTC, AAL, TME, IQ, FHN, BMY, KO, GE
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AAL
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https://www.nasdaq.com/articles/after-hours-most-active-for-nov-3-2020-%3A-qqq-aapl-sqqq-nio-intc-aal-tme-iq-fhn-bmy-ko-ge
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nan
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nan
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The NASDAQ 100 After Hours Indicator is up 54.57 to 11,831.59. The total After hours volume is currently 86,240,553 shares traded.
The following are the most active stocks for the after hours session:
Invesco QQQ Trust, Series 1 (QQQ) is -0.62 at $274.03, with 4,338,304 shares traded. This represents a 66.15% increase from its 52 Week Low.
Apple Inc. (AAPL) is -0.19 at $110.25, with 3,625,885 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 $1.39. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
ProShares UltraPro Short QQQ (SQQQ) is +0.1 at $23.78, with 2,973,156 shares traded. This represents a 25.49% increase from its 52 Week Low.
NIO Inc. (NIO) is -0.08 at $35.42, with 2,677,694 shares traded., following a 52-week high recorded in today's regular session.
Intel Corporation (INTC) is -0.1 at $44.75, with 2,627,258 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $1.1. INTC's current last sale is 80.63% of the target price of $55.5.
American Airlines Group, Inc. (AAL) is +0.07 at $11.32, with 2,096,849 shares traded. AAL's current last sale is 113.2% of the target price of $10.
Tencent Music Entertainment Group (TME) is +0.03 at $14.90, with 2,032,362 shares traded.TME is scheduled to provide an earnings report on 11/10/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is 0.09 per share, which represents a 9 percent increase over the EPS one Year Ago
iQIYI, Inc. (IQ) is -0.02 at $24.90, with 2,029,989 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020. The consensus EPS forecast is $-0.42. IQ is scheduled to provide an earnings report on 11/4/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -0.42 per share, which represents a -72 percent increase over the EPS one Year Ago
First Horizon National Corporation (FHN) is unchanged at $10.97, with 1,919,075 shares traded. As reported by Zacks, the current mean recommendation for FHN is in the "buy range".
Bristol-Myers Squibb Company (BMY) is +0.35 at $61.59, with 1,829,865 shares traded.BMY is scheduled to provide an earnings report on 11/5/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is 1.49 per share, which represents a 117 percent increase over the EPS one Year Ago
Coca-Cola Company (The) (KO) is +0.01 at $49.36, with 1,687,903 shares traded. As reported by Zacks, the current mean recommendation for KO is in the "buy range".
General Electric Company (GE) is -0.02 at $7.83, with 1,408,464 shares traded. As reported by Zacks, the current mean recommendation for GE 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 +0.07 at $11.32, with 2,096,849 shares traded. AAL's current last sale is 113.2% of the target price of $10. Tencent Music Entertainment Group (TME) is +0.03 at $14.90, with 2,032,362 shares traded.TME is scheduled to provide an earnings report on 11/10/2020, for the fiscal quarter ending Sep2020.
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American Airlines Group, Inc. (AAL) is +0.07 at $11.32, with 2,096,849 shares traded. AAL's current last sale is 113.2% of the target price of $10. The consensus earnings per share forecast is 0.09 per share, which represents a 9 percent increase over the EPS one Year Ago
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American Airlines Group, Inc. (AAL) is +0.07 at $11.32, with 2,096,849 shares traded. AAL's current last sale is 113.2% of the target price of $10. The consensus earnings per share forecast is 0.09 per share, which represents a 9 percent increase over the EPS one Year Ago
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American Airlines Group, Inc. (AAL) is +0.07 at $11.32, with 2,096,849 shares traded. AAL's current last sale is 113.2% 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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5080.0
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2020-11-03 00:00:00 UTC
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American Airlines Extending Preflight Testing To Additional Destinations
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AAL
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https://www.nasdaq.com/articles/american-airlines-extending-preflight-testing-to-additional-destinations-2020-11-03
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nan
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nan
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(RTTNews) - American Airlines has extended its preflight coronavirus (COVID-19) testing to more destinations. It had begun the testing for flights to some international routes a month ago in a bid to prepare for opening up international travel.
The carrier had started with testing for customers travelling to Jamaica and the Bahamas in early October.
As part of the move, the airline is collaborating with several foreign governments to offer preflight COVID-19 testing protocol for customers traveling to international destinations.
"Our initial preflight testing has performed remarkably well, including terrific customer feedback about the ease and availability of testing options," said Robert Isom, President of American Airlines.
American Airlines partnered LetsGetChecked for a convenient FDA EUA-authorized at-home COVID-19 testing option that includes observation by a medical professional via virtual visit, to offer at-home PCR testing to traveling customers.
The preflight testing program is now being expanded to new destinations in the Caribbean, Latin America and Hawaii. The testing will be available for all American flights to Belize, Grenada, St. Lucia and the Hawaiian Islands in November.
Starting November 16, American will expand its partnership with LetsGetChecked for testing customers traveling to Belize, Grenada and St. Lucia. However, the testing requirement for each country is different. The test results can be expected in 48 hours on average.
American is currently operating service to the three markets from its Miami hub and it will also launch service to St. Lucia from Chicago later this month.
In December, the carrier is planning to increase its flying to all three markets with service from Belize to Miami, Charlotte and Dallas/Fort Worth; from Grenada to Miami and Charlotte; and from St. Lucia to Miami, Charlotte, Chicago and Philadelphia.
Additionally, American is expanding its partnership with LetsGetChecked for customers traveling to the Aloha State after conducting a series of testing options to open travel to Hawaii in October. Beginning today, customers traveling to Hawaii from Chicago, Los Angeles and Phoenix can use LetsGetChecked.
The testing under the COVID-19 predeparture testing program must be completed within 72 hours of the final leg of departure. Travelers who test negative will be exempted from the state's 14-day quarantine.
The views and 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 part of the move, the airline is collaborating with several foreign governments to offer preflight COVID-19 testing protocol for customers traveling to international destinations. The testing will be available for all American flights to Belize, Grenada, St. Lucia and the Hawaiian Islands in November. Starting November 16, American will expand its partnership with LetsGetChecked for testing customers traveling to Belize, Grenada and St. Lucia.
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As part of the move, the airline is collaborating with several foreign governments to offer preflight COVID-19 testing protocol for customers traveling to international destinations. Starting November 16, American will expand its partnership with LetsGetChecked for testing customers traveling to Belize, Grenada and St. Lucia. In December, the carrier is planning to increase its flying to all three markets with service from Belize to Miami, Charlotte and Dallas/Fort Worth; from Grenada to Miami and Charlotte; and from St. Lucia to Miami, Charlotte, Chicago and Philadelphia.
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"Our initial preflight testing has performed remarkably well, including terrific customer feedback about the ease and availability of testing options," said Robert Isom, President of American Airlines. American Airlines partnered LetsGetChecked for a convenient FDA EUA-authorized at-home COVID-19 testing option that includes observation by a medical professional via virtual visit, to offer at-home PCR testing to traveling customers. Additionally, American is expanding its partnership with LetsGetChecked for customers traveling to the Aloha State after conducting a series of testing options to open travel to Hawaii in October.
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As part of the move, the airline is collaborating with several foreign governments to offer preflight COVID-19 testing protocol for customers traveling to international destinations. Starting November 16, American will expand its partnership with LetsGetChecked for testing customers traveling to Belize, Grenada and St. Lucia. Additionally, American is expanding its partnership with LetsGetChecked for customers traveling to the Aloha State after conducting a series of testing options to open travel to Hawaii in October.
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5081.0
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2020-11-03 00:00:00 UTC
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BHP's Escondida copper mine sees output fall in September, Codelco boosts production - Cochilco
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AAL
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https://www.nasdaq.com/articles/bhps-escondida-copper-mine-sees-output-fall-in-september-codelco-boosts-production
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nan
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nan
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SANTIAGO, Nov 3 (Reuters) - BHP's Escondida, the world's largest copper mine, saw production fall in September while top miner Codelco saw output rise amid the ongoing coronavirus pandemic in the South American nation, according to government figures released Tuesday.
The Chilean Copper Commission (Cochilco) reported that Codelco - the world's largest copper mining company - boosted production by 9.6% year-on-year to 159,200 tonnes. The company ratcheted up output by 2.9% between January and September despite restrictions put in place to slow the spread of coronavirus.
BHP's BHP.AX Escondida - the largest single copper deposit in the world - saw production drop off by 6% year-on-year, to 94,100 tons. Between January and September, the mine's output has nonetheless increased 2.4%.
Collahuasi - a partnership between Glencore GLEN.N and Anglo American AAL.L - reported a 9.4% year-on-year increase in output in September, to 53,400 tons. It has reported a total increase in production of 23.2% year to date.
Chile, the world's top copper producing country, saw its total production fall 0.8% in September to 479,900 tons. Copper output through between January and September was up 0.4%, to 4.26 million tons.
(Reporting by Fabian Cambero, writing by Dave Sherwood, editing by Louise Heavens)
((dave.sherwood@thomsonreuters.com; +56 9 9138 1047, +56 2 2370 4224; Reuters Messaging: dave.sherwood.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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Collahuasi - a partnership between Glencore GLEN.N and Anglo American AAL.L - reported a 9.4% year-on-year increase in output in September, to 53,400 tons. SANTIAGO, Nov 3 (Reuters) - BHP's Escondida, the world's largest copper mine, saw production fall in September while top miner Codelco saw output rise amid the ongoing coronavirus pandemic in the South American nation, according to government figures released Tuesday. BHP's BHP.AX Escondida - the largest single copper deposit in the world - saw production drop off by 6% year-on-year, to 94,100 tons.
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Collahuasi - a partnership between Glencore GLEN.N and Anglo American AAL.L - reported a 9.4% year-on-year increase in output in September, to 53,400 tons. SANTIAGO, Nov 3 (Reuters) - BHP's Escondida, the world's largest copper mine, saw production fall in September while top miner Codelco saw output rise amid the ongoing coronavirus pandemic in the South American nation, according to government figures released Tuesday. The Chilean Copper Commission (Cochilco) reported that Codelco - the world's largest copper mining company - boosted production by 9.6% year-on-year to 159,200 tonnes.
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Collahuasi - a partnership between Glencore GLEN.N and Anglo American AAL.L - reported a 9.4% year-on-year increase in output in September, to 53,400 tons. SANTIAGO, Nov 3 (Reuters) - BHP's Escondida, the world's largest copper mine, saw production fall in September while top miner Codelco saw output rise amid the ongoing coronavirus pandemic in the South American nation, according to government figures released Tuesday. The Chilean Copper Commission (Cochilco) reported that Codelco - the world's largest copper mining company - boosted production by 9.6% year-on-year to 159,200 tonnes.
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Collahuasi - a partnership between Glencore GLEN.N and Anglo American AAL.L - reported a 9.4% year-on-year increase in output in September, to 53,400 tons. Between January and September, the mine's output has nonetheless increased 2.4%. Chile, the world's top copper producing country, saw its total production fall 0.8% in September to 479,900 tons.
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5082.0
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2020-10-30 00:00:00 UTC
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Anglo American CEO says not responsible for lead poisoning in Zambia
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AAL
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https://www.nasdaq.com/articles/anglo-american-ceo-says-not-responsible-for-lead-poisoning-in-zambia-2020-10-30-0
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nan
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nan
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Adds detail and background
JOHANNESBURG, Oct 30 (Reuters) - Anglo American AAL.L Chief Executive Mark Cutifani said on Friday it was not responsible for lead poisoning at a Zambian lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner.
The class action suit was filed last week by South African law firm Mbuyisa Moleele and UK-based Leigh Day on behalf of what they say is estimated to be more than 100,000 individuals over allegations of negligence.
"We intend to defend our position as we don't believe Anglo American is responsible for the current situation," Cutifani said during the presentation of a company sustainability report.
The class action, which is seeking compensation for girls and women with lead poisoning who have or may become pregnant as well as clean-up and remediation of the area, alleges that Anglo American South Africa (AASA) is liable for the lead emissions.
The lawsuit says the company did not rectify design deficiencies which led to the lead emissions and failed to ensure clean-up of the contaminated land before the mine was taken over in 1974 by ZCCM, a state-owned company.
Cutifani said they were however concerned about the situation at the Kabwe mine, which lies 140 km (87 miles) north of Lusaka.
"Contamination is just not acceptable anywhere," said Cutifani.
Human Rights Watch, which last year released a report on Kabwe found that more than a third of people lived in lead-contaminated townships due to the mine's activities.
Exposure to high levels of lead, which children are particularly susceptible to, could impair growth, damage organs such as the liver and brain and increase the risk of miscarriage, the report said.
Leigh Day was one of the firms that represented thousands of miners who contracted silicosis and tuberculosis, potentially fatal lung diseases, in a 5-billion-rand ($309.36 million) class action settlement with gold mining companies including Anglo American.
($1 = 16.1622 rand)
(Reporting by Tanisha Heiberg; editing by Jason Neely and Jonathan Oatis)
((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters Messaging: tanisha.heiberg.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds detail and background JOHANNESBURG, Oct 30 (Reuters) - Anglo American AAL.L Chief Executive Mark Cutifani said on Friday it was not responsible for lead poisoning at a Zambian lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner. The class action suit was filed last week by South African law firm Mbuyisa Moleele and UK-based Leigh Day on behalf of what they say is estimated to be more than 100,000 individuals over allegations of negligence. Exposure to high levels of lead, which children are particularly susceptible to, could impair growth, damage organs such as the liver and brain and increase the risk of miscarriage, the report said.
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Adds detail and background JOHANNESBURG, Oct 30 (Reuters) - Anglo American AAL.L Chief Executive Mark Cutifani said on Friday it was not responsible for lead poisoning at a Zambian lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner. "We intend to defend our position as we don't believe Anglo American is responsible for the current situation," Cutifani said during the presentation of a company sustainability report. The class action, which is seeking compensation for girls and women with lead poisoning who have or may become pregnant as well as clean-up and remediation of the area, alleges that Anglo American South Africa (AASA) is liable for the lead emissions.
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Adds detail and background JOHANNESBURG, Oct 30 (Reuters) - Anglo American AAL.L Chief Executive Mark Cutifani said on Friday it was not responsible for lead poisoning at a Zambian lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner. The class action, which is seeking compensation for girls and women with lead poisoning who have or may become pregnant as well as clean-up and remediation of the area, alleges that Anglo American South Africa (AASA) is liable for the lead emissions. Leigh Day was one of the firms that represented thousands of miners who contracted silicosis and tuberculosis, potentially fatal lung diseases, in a 5-billion-rand ($309.36 million) class action settlement with gold mining companies including Anglo American.
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Adds detail and background JOHANNESBURG, Oct 30 (Reuters) - Anglo American AAL.L Chief Executive Mark Cutifani said on Friday it was not responsible for lead poisoning at a Zambian lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner. The class action suit was filed last week by South African law firm Mbuyisa Moleele and UK-based Leigh Day on behalf of what they say is estimated to be more than 100,000 individuals over allegations of negligence. The class action, which is seeking compensation for girls and women with lead poisoning who have or may become pregnant as well as clean-up and remediation of the area, alleges that Anglo American South Africa (AASA) is liable for the lead emissions.
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5083.0
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2020-10-30 00:00:00 UTC
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Anglo American CEO says not responsible for lead poisoning in Zambia
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AAL
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https://www.nasdaq.com/articles/anglo-american-ceo-says-not-responsible-for-lead-poisoning-in-zambia-2020-10-30
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nan
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nan
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JOHANNESBURG, Oct 30 (Reuters) - Anglo American AAL.L CEO Mark Cutifani said on Friday it was not responsible for lead poisoning in Zambia at a lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner over allegations of negligence.
"We intend to defend out position as we don't believe Anglo American is responsible for the current situation," said Cutifani said during the presentation of a company sustainability report.
South African law firm Mbuyisa Moleele and UK-based Leigh Day filed the class action suit last week on behalf of what they say is estimated to be more than 100,000 individuals.
(Reporting by Tanisha Heiberg; editing by Jason Neely)
((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters Messaging: tanisha.heiberg.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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JOHANNESBURG, Oct 30 (Reuters) - Anglo American AAL.L CEO Mark Cutifani said on Friday it was not responsible for lead poisoning in Zambia at a lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner over allegations of negligence. "We intend to defend out position as we don't believe Anglo American is responsible for the current situation," said Cutifani said during the presentation of a company sustainability report. South African law firm Mbuyisa Moleele and UK-based Leigh Day filed the class action suit last week on behalf of what they say is estimated to be more than 100,000 individuals.
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JOHANNESBURG, Oct 30 (Reuters) - Anglo American AAL.L CEO Mark Cutifani said on Friday it was not responsible for lead poisoning in Zambia at a lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner over allegations of negligence. "We intend to defend out position as we don't believe Anglo American is responsible for the current situation," said Cutifani said during the presentation of a company sustainability report. South African law firm Mbuyisa Moleele and UK-based Leigh Day filed the class action suit last week on behalf of what they say is estimated to be more than 100,000 individuals.
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JOHANNESBURG, Oct 30 (Reuters) - Anglo American AAL.L CEO Mark Cutifani said on Friday it was not responsible for lead poisoning in Zambia at a lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner over allegations of negligence. South African law firm Mbuyisa Moleele and UK-based Leigh Day filed the class action suit last week on behalf of what they say is estimated to be more than 100,000 individuals. (Reporting by Tanisha Heiberg; editing by Jason Neely) ((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters Messaging: tanisha.heiberg.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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JOHANNESBURG, Oct 30 (Reuters) - Anglo American AAL.L CEO Mark Cutifani said on Friday it was not responsible for lead poisoning in Zambia at a lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner over allegations of negligence. "We intend to defend out position as we don't believe Anglo American is responsible for the current situation," said Cutifani said during the presentation of a company sustainability report. South African law firm Mbuyisa Moleele and UK-based Leigh Day filed the class action suit last week on behalf of what they say is estimated to be more than 100,000 individuals.
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5084.0
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2020-10-30 00:00:00 UTC
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Glencore trims coal guidance as strike continues at Colombian mine
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AAL
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https://www.nasdaq.com/articles/glencore-trims-coal-guidance-as-strike-continues-at-colombian-mine-2020-10-30
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nan
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nan
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Adds copper, cobalt production figures, quote
JOHANNESBURG, Oct 30 (Reuters) - Glencore GLEN.L lowered its 2020 coal production guidance by 5.7% to 109 million tonnes as a strike at the Cerrejon mine in Colombia entered its 60th day on Friday.
Cerrejon, owned equally by Glencore, BHP Group BHPB.L and Anglo American AAL.L, has been in negotiations with its largest union and on Wednesday said that "significant advances" had been made.
Glencore's year-to-date coal production is 83.5 million tonnes, which is down 20% from a year earlier.
The mining and trading giant maintained its 2020 guidance for all its other products.
Glencore's copper production was 934,700 tonnes year to date, 8% lower than a year earlier, while cobalt production of 21,600 tonnes was down 37%, due to the shuttering of its Mutanda mine in the Congo.
Glencore subsidiary Katanga Mining's Kamoto Copper Company mine in the Congo is ramping up to full production, and should produce 270,000 tonnes of copper as cathode this year, head of Africa copper Mark Davis said last month.
"Glencore has delivered a solid third-quarter operating performance, including the continued successful ramp-up of Katanga, which remains on track to achieve design capacity by year-end," CEO Ivan Glasenberg said.
(Reporting by Helen Reid; editing by David Goodman and Jason Neely)
((Helen.Reid@thomsonreuters.com; +27 66 156 5214;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cerrejon, owned equally by Glencore, BHP Group BHPB.L and Anglo American AAL.L, has been in negotiations with its largest union and on Wednesday said that "significant advances" had been made. Adds copper, cobalt production figures, quote JOHANNESBURG, Oct 30 (Reuters) - Glencore GLEN.L lowered its 2020 coal production guidance by 5.7% to 109 million tonnes as a strike at the Cerrejon mine in Colombia entered its 60th day on Friday. "Glencore has delivered a solid third-quarter operating performance, including the continued successful ramp-up of Katanga, which remains on track to achieve design capacity by year-end," CEO Ivan Glasenberg said.
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Cerrejon, owned equally by Glencore, BHP Group BHPB.L and Anglo American AAL.L, has been in negotiations with its largest union and on Wednesday said that "significant advances" had been made. Adds copper, cobalt production figures, quote JOHANNESBURG, Oct 30 (Reuters) - Glencore GLEN.L lowered its 2020 coal production guidance by 5.7% to 109 million tonnes as a strike at the Cerrejon mine in Colombia entered its 60th day on Friday. Glencore's year-to-date coal production is 83.5 million tonnes, which is down 20% from a year earlier.
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Cerrejon, owned equally by Glencore, BHP Group BHPB.L and Anglo American AAL.L, has been in negotiations with its largest union and on Wednesday said that "significant advances" had been made. Adds copper, cobalt production figures, quote JOHANNESBURG, Oct 30 (Reuters) - Glencore GLEN.L lowered its 2020 coal production guidance by 5.7% to 109 million tonnes as a strike at the Cerrejon mine in Colombia entered its 60th day on Friday. Glencore's copper production was 934,700 tonnes year to date, 8% lower than a year earlier, while cobalt production of 21,600 tonnes was down 37%, due to the shuttering of its Mutanda mine in the Congo.
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Cerrejon, owned equally by Glencore, BHP Group BHPB.L and Anglo American AAL.L, has been in negotiations with its largest union and on Wednesday said that "significant advances" had been made. The mining and trading giant maintained its 2020 guidance for all its other products. Glencore's copper production was 934,700 tonnes year to date, 8% lower than a year earlier, while cobalt production of 21,600 tonnes was down 37%, due to the shuttering of its Mutanda mine in the Congo.
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5085.0
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2020-10-30 00:00:00 UTC
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Glencore trims coal guidance as strike continues at Colombian mine
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AAL
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https://www.nasdaq.com/articles/glencore-trims-coal-guidance-as-strike-continues-at-colombian-mine-2020-10-30-0
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nan
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nan
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JOHANNESBURG, Oct 30 (Reuters) - Glencore GLEN.L lowered its 2020 coal production guidance by 5.7% to 109 million tonnes as a strike at the Cerrejon mine in Colombia entered its 60th day on Friday.
Cerrejon, owned equally by Glencore, BHP Group BHPB.L and Anglo American AAL.L, has been in negotiations with its largest union and on Wednesday said that "significant advances" had been made.
Glencore's year-to-date coal production is 83.5 million tonnes, 20% down on the same period last year.
(Reporting by Helen Reid Editing by David Goodman )
((Helen.Reid@thomsonreuters.com; +27 66 156 5214;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cerrejon, owned equally by Glencore, BHP Group BHPB.L and Anglo American AAL.L, has been in negotiations with its largest union and on Wednesday said that "significant advances" had been made. JOHANNESBURG, Oct 30 (Reuters) - Glencore GLEN.L lowered its 2020 coal production guidance by 5.7% to 109 million tonnes as a strike at the Cerrejon mine in Colombia entered its 60th day on Friday. Glencore's year-to-date coal production is 83.5 million tonnes, 20% down on the same period last year.
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Cerrejon, owned equally by Glencore, BHP Group BHPB.L and Anglo American AAL.L, has been in negotiations with its largest union and on Wednesday said that "significant advances" had been made. JOHANNESBURG, Oct 30 (Reuters) - Glencore GLEN.L lowered its 2020 coal production guidance by 5.7% to 109 million tonnes as a strike at the Cerrejon mine in Colombia entered its 60th day on Friday. Glencore's year-to-date coal production is 83.5 million tonnes, 20% down on the same period last year.
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Cerrejon, owned equally by Glencore, BHP Group BHPB.L and Anglo American AAL.L, has been in negotiations with its largest union and on Wednesday said that "significant advances" had been made. JOHANNESBURG, Oct 30 (Reuters) - Glencore GLEN.L lowered its 2020 coal production guidance by 5.7% to 109 million tonnes as a strike at the Cerrejon mine in Colombia entered its 60th day on Friday. (Reporting by Helen Reid Editing by David Goodman ) ((Helen.Reid@thomsonreuters.com; +27 66 156 5214;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cerrejon, owned equally by Glencore, BHP Group BHPB.L and Anglo American AAL.L, has been in negotiations with its largest union and on Wednesday said that "significant advances" had been made. JOHANNESBURG, Oct 30 (Reuters) - Glencore GLEN.L lowered its 2020 coal production guidance by 5.7% to 109 million tonnes as a strike at the Cerrejon mine in Colombia entered its 60th day on Friday. Glencore's year-to-date coal production is 83.5 million tonnes, 20% down on the same period last year.
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5086.0
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2020-10-29 00:00:00 UTC
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3 Airline Stocks That Are Losing Altitude in the Pandemic
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AAL
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https://www.nasdaq.com/articles/3-airline-stocks-that-are-losing-altitude-in-the-pandemic-2020-10-29
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Share prices of many airlines have gone back up since the early spring lows. However, they are still considerably down from their 52-week highs. Industry statistics show that passenger demand is continuing at low levels both in the United States and globally. And it’s uncertain when that demand will pick back up. For now, investors’ appetites for airline stocks have dampened.
Recently, the International Air Transport Association (IATA) announced that recovery through the summer has been “sluggish.” The industry body called upon governments to re-open borders between countries fully so that international travel can begin to pick up again. But for now, flying across the world is not easy.
Domestic passenger numbers are also still depressed. The U.S. Transportation Security Association (TSA) announces daily checkpoint travel numbers for both this year and last. On Oct. 24, 2020, the total traveler throughput was 755,287 people. A year ago on the same day, it had been 1,931,971 passengers. That’s a decline of over 60%.
What’s more, winter is at our doorstep and the second wave of the pandemic is coming. Even with potential vaccines on the horizon, it’s hard to imagine a therapy would be commercially ready for everyone who is willing to take it. Therefore, it will be a long winter for many airlines as they juggle resources amidst lack of revenue and continuing costs. Many may need further capital injection to stay afloat.
7 Cutting-Edge Biotech Stocks for Tomorrow
The U.S. and world economies are resilient and will eventually overcome the negative effects of the pandemic. But previous downturns in airline demand show a full airline recovery will take a while. On top of that, many airline shares do not offer a bargain. With that in mind, here are three airline stocks that should not be in long-term portfolios yet. These stocks are running out of time:
Allegiant Travel (NASDAQ:ALGT)
American Airlines (NASDAQ:AAL)
U.S. Global Jets ETF (NYSEARCA:JETS)
Airline Stocks: Allegiant Travel (ALGT)
ALGT) Airbus A319 lands at a Los Angeles, California airport." width="300" height="169">Source: Angel DiBilio / Shutterstock.com
52-week range: $60.06 – $183.26
Las Vegas-based Allegiant Travel is an integrated travel company whose operations also include an airline segment. The group was founded in 1997 and is authorized to fly scheduled and charter airline operations throughout the States. Its legal charter service also extends to Canada and Mexico. What’s more, ALGT stock’s market capitalization is around $2 billion.
On Oct. 8, though, the company released its reported preliminary passenger traffic results for the third quarter. This showed an average daily cash burn rate of $1.3 million. Quarterly total passenger numbers were 2,016,241, down 47% year-over-year (YOY).
Over the year, the company’s focus on low-cost, low-competition routes have served shareholders well. In 2008, the share price was in the $20 range. Now, it is hovering at a little over $130.
However, year-to-date (YTD), ALGT shares are down about 25%. Additionally, its forward price-to-earnings and price-to-sales ratios stand at 18.12 and 1.58, respectively. Those metrics do not make ALGT stock a bargain. Most of its expected improvement in revenue metrics seems to have already been factored into the price. At this point, ALGT is one of the airline stocks to stay away from — for the time being.
American Airlines (AAL)
AAL) airplane waiting on the tarmac." width="300" height="169">Source: GagliardiPhotography / Shutterstock.com
52-week range: $8.25 – $31.58
Fort Worth, Texas-based American Airlines needs little introduction. Along with Delta (NYSE:DAL) and United (NASDAQ:UAL), American Airlines is one of the “Big 3” legacy airline stocks in the States. However, 2020 has been an extremely challenging year for the group.
On Oct. 22, it released Q3 metrics which showed another difficult quarter for the airline and its industry. Revenue of $3.2 billion meant a 73% decline YOY. Net loss of $2.4 billion translated into a loss of $4.71 per share. CEO Doug Parker commented:
“During the third quarter, we took action to reduce our costs, strengthen our financial position, and ensure our customers return to travel with confidence […] The American Airlines team is doing a remarkable job taking care of our customers and each other during the most challenging time in our industry’s history.
“We have a long road ahead […]”
Further, management highlighted the fact that passenger demand and load factors were still significantly below 2019 levels.
Daily cash burn rate stands around $44 million. To increase liquidity, AAL will issue up to $1 billion of equity. The airline’s total long-term net debt stands over $30.8 billion. That is a substantial amount of liability that will continue to weigh on the stock price.
7 Growth Stocks Running On Fumes
YTD, the shares are down 61%. Its market cap stands at $5.6 billion. Because of this, AAL stock is not a buy right now. At these levels, other S&P 500 companies can likely offer better risk-return profiles.
U.S. Global Jets ETF (JETS)
Source: Shutterstock
52-week range: $11.25 – $32.36
Dividend yield: 2.96%
Expense ratio: 0.60%, or $60 per $10,000 invested annually.
Our final discussion centers around an exchange-traded fund (ETF). The U.S. Global Jets ETF provides exposure to a range of airline operators and manufacturers worldwide. It started trading in 2015.
In general, many market participants prefer buying ETFs, as they offer access to a basket of securities. That can diversify away company-specific risk. However, with a thematic fund in an industry that is suffering globally, it is hard to be optimistic for the near future.
JETS — which has 39 stocks (or equity holdings) — tracks the U.S. Global Jets Index. The top 10 holdings make up around 62% of net assets of almost $2 billion. Southwest (NYSE:LUV), Delta, United, American Airlines, and JetBlue (NASDAQ:JBLU) head the list of shares. In addition to United States-based companies, JETS stock also holds shares of firms from Canada, Mexico, Australia, Singapore, China, Germany, Turkey, the United Kingdom, France and elsewhere.
But despite having holdings across the globe, the fund is now down about 46% YTD. In fact, it hit all-time lows earlier in the year, landing around $12 in March, April and May. A trailing price-to-earnings of 20.98 and price-to-book of 1.15 do not make shares in JETS a steal either. Because of the tumultuous state of airline stocks overall, I would consider investing in another fund in another sector altogether.
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.
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The post 3 Airline Stocks That Are Losing Altitude in the Pandemic 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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These stocks are running out of time: Allegiant Travel (NASDAQ:ALGT) American Airlines (NASDAQ:AAL) U.S. American Airlines (AAL) AAL) airplane waiting on the tarmac." To increase liquidity, AAL will issue up to $1 billion of equity.
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These stocks are running out of time: Allegiant Travel (NASDAQ:ALGT) American Airlines (NASDAQ:AAL) U.S. American Airlines (AAL) AAL) airplane waiting on the tarmac." To increase liquidity, AAL will issue up to $1 billion of equity.
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These stocks are running out of time: Allegiant Travel (NASDAQ:ALGT) American Airlines (NASDAQ:AAL) U.S. American Airlines (AAL) AAL) airplane waiting on the tarmac." To increase liquidity, AAL will issue up to $1 billion of equity.
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These stocks are running out of time: Allegiant Travel (NASDAQ:ALGT) American Airlines (NASDAQ:AAL) U.S. American Airlines (AAL) AAL) airplane waiting on the tarmac." To increase liquidity, AAL will issue up to $1 billion of equity.
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5087.0
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2020-10-28 00:00:00 UTC
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3 Stocks to Trade on Quarterly Earnings
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AAL
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https://www.nasdaq.com/articles/3-stocks-to-trade-on-quarterly-earnings-2020-10-28
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
There’s a lot at stake for companies these days. But with quarterly confessionals now a part of the chaotic uncertainty, some opportunities are revealing themselves. Let’s look off and on the price charts at three recent earnings movers which are shaping up to be stocks to trade right now.
So what all should be on your radar? Well, the U.S. presidential election is less than a week out. Covid-19 has ramped up into a full-blown second wave. Given the polarized political climate and continued impact of the coronavirus, doubt abounds on Wall Street. And with earnings season now in full swing, that sense of ambiguity has only grown.
It’s not exactly a secret a company’s latest financial report can be a volatile and tricky event. Big paper profits or standing losses can literally be erased overnight… or not. There just simply is no one-size-fits-all reaction to earnings events. That means knowing which of these stocks to trade and how to trade them is a difficult task.
7 Growth Stocks Running On Fumes
But in a report’s aftermath, occasionally the results and reaction add up to a much more interesting and calculated opportunity. And today, three very recent earnings stocks are warning investors, in a good sort of way, that it is time to pull the trigger.
Advanced Micro Devices (NASDAQ:AMD)
American Airlines (NASDAQ:AAL)
General Electric (NYSE:GE)
Stocks to Trade: Advanced Micro Devices (AMD)
Source: Chart by TradingView
The first of our stocks to trade is Advanced Micro Devices. This one is shaping up as a terrific opportunity to buy the dip. The semiconductor outfit delivered outstanding results yesterday, only building on the case that AMD is now one of the industry’s strongest and smartest competitors alongside Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC).
More than a couple Wall Street pros cheered the top- and bottom-line beat — and the fact AMD raised its full-year earnings guidance to predict 40% sales growth. CNBC’s James Cramer went so far as to say AMD stock is a steal. Another advisor on Trading Nation sees the company as an “absolute beast” with its Xilinx (NASDAQ:XLNX) acquisition.
With investors apparently reacting bearishly to AMD’s purchase of Xilinx, shares have entered an attractive-looking support and pattern zone. From its early September all-time high, this earnings stock has developed into a potential W or high-level double-bottom pattern. Moreover, shares have just entered a key support area for a second pivot to form between $71-$77.
I’m already in it to win it as part of a hedged, core stock collar holding. And for investors looking to buy on weakness, given a currently out-of-position stochastics and the fact the low end of pattern support is roughly 8% beneath the current share price, I’d recommend similar positioning as a smarter steal in this stock to trade.
American Airlines (AAL)
Source: Chart by TradingView
The next earnings stock to trade is American Airlines. And this one looks like a big-time stock to short. Already widely seen as one the airline industry’s most at-risk operators due to an iffy debt structure, lease costs and missteps by management, Covid-19 has obviously worsened AAL’s tricky situation.
Last week’s earnings report didn’t miss forecasts, but AAL’s mounting losses and whopping cash burn of $44 million per day are bearish eye openers. At a minimum, the results appear to reinforce a frank warning the “world has changed” from Warren Buffett this past spring.
On the price chart, investors initially bought into the earnings beat. But in the past few days buyers have quickly turned toward the emergency exits. Technically, Wednesday’s modest losses have challenged June’s massive and bearish shooting star candlestick pattern. With the very real possibility of stochastics stalling just above oversold territory, preparing for a crash next year makes sense.
With the next area of support near $2.50 and the lows of the 2008-2009 financial crisis, for this stock to trade I’m recommending the May $9 put. I would also suggest a 50% money stop to further contain unwanted upside exposure while positioning for massive bearish profits..
Stocks to Trade: General Electric (GE)
Source: Chart by TradingView
The last of our stocks to trade is General Electric. The company isn’t hobnobbing with Apple (NASDAQ:AAPL) and other trillion-dollar club members Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT) or Amazon (NASDAQ:AMZN). But things are looking up.
For headline hawks, this morning the company issued a surprise quarterly profit and positive cash flow tied to cost cutting and improvements in its power and renewable energy businesses. It’s great news, but not the end of the story. The longer-term monthly price chart looks compelling as well!
For technical traders, GE’s report has resulted in a decisive shot at bears overstaying their welcome. Today’s gains of around 6% are signaling a second-chance double-bottom entry that has formed modestly above GE’s financial crisis low. And with a bullishly diverging stochastics crossover formation to confirm the candlestick pattern low, this stock to trade is ready to bring good things to life for shareholders with an outright purchase today.
On the date of publication, Chris Tyler held positions in Advanced Micro Devices (AMD) and its derivatives, but no other securities mentioned in this article.
Chris Tyler is a former floor-based, derivatives market maker on the American and Pacific exchanges. The information offered is based on his professional experience but strictly intended for educational purposes only. Any use of this information is 100% the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits.
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The post 3 Stocks to Trade on Quarterly Earnings 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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Advanced Micro Devices (NASDAQ:AMD) American Airlines (NASDAQ:AAL) General Electric (NYSE:GE) Stocks to Trade: Advanced Micro Devices (AMD) Source: Chart by TradingView The first of our stocks to trade is Advanced Micro Devices. American Airlines (AAL) Source: Chart by TradingView The next earnings stock to trade is American Airlines. Already widely seen as one the airline industry’s most at-risk operators due to an iffy debt structure, lease costs and missteps by management, Covid-19 has obviously worsened AAL’s tricky situation.
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Advanced Micro Devices (NASDAQ:AMD) American Airlines (NASDAQ:AAL) General Electric (NYSE:GE) Stocks to Trade: Advanced Micro Devices (AMD) Source: Chart by TradingView The first of our stocks to trade is Advanced Micro Devices. American Airlines (AAL) Source: Chart by TradingView The next earnings stock to trade is American Airlines. Already widely seen as one the airline industry’s most at-risk operators due to an iffy debt structure, lease costs and missteps by management, Covid-19 has obviously worsened AAL’s tricky situation.
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Advanced Micro Devices (NASDAQ:AMD) American Airlines (NASDAQ:AAL) General Electric (NYSE:GE) Stocks to Trade: Advanced Micro Devices (AMD) Source: Chart by TradingView The first of our stocks to trade is Advanced Micro Devices. American Airlines (AAL) Source: Chart by TradingView The next earnings stock to trade is American Airlines. Already widely seen as one the airline industry’s most at-risk operators due to an iffy debt structure, lease costs and missteps by management, Covid-19 has obviously worsened AAL’s tricky situation.
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Advanced Micro Devices (NASDAQ:AMD) American Airlines (NASDAQ:AAL) General Electric (NYSE:GE) Stocks to Trade: Advanced Micro Devices (AMD) Source: Chart by TradingView The first of our stocks to trade is Advanced Micro Devices. American Airlines (AAL) Source: Chart by TradingView The next earnings stock to trade is American Airlines. Already widely seen as one the airline industry’s most at-risk operators due to an iffy debt structure, lease costs and missteps by management, Covid-19 has obviously worsened AAL’s tricky situation.
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5088.0
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2020-10-28 00:00:00 UTC
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JetBlue sticking with seat caps into next year -- CEO
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AAL
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https://www.nasdaq.com/articles/jetblue-sticking-with-seat-caps-into-next-year-ceo-2020-10-28
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nan
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By Tracy Rucinski
Oct 28 (Reuters) - JetBlue Airways JBLU.O will continue limiting the number of seats it sells on each flight into early next year, Chief Executive Robin Hayes told Reuters on Wednesday, citing the role the policy plays in customer confidence.
The decision sets it apart from low-cost peer Southwest Airlines LUV.N, which last week said it would stop blocking middle seats on Dec. 1, referencing recent medical research showing that the risk of contracting the coronavirus on airplanes is very low.
"Our view is that over the course of time the seat caps will go, but right now it’s a very important issue for customer perception," Hayes said in an interview.
Hayes warned, however, that the policy is "incredibly expensive, especially in an industry that's struggling."
JetBlue posted on Tuesday a $393 million net loss in the third quarter as a slump in travel demand due to the pandemic hit revenues. Like other airlines it is burning millions of dollars of cash every day.
Hayes said he expects JetBlue's business to be "largely recovered" by the end of next year given the low-cost carrier's focus on domestic leisure travel, which is expected to recover before corporate and international travel.
Business travel accounts for less than 20% of JetBlue's flying, he said.
JetBlue, which is currently capping its seating capacity on flights at 70%, will review the policy in the first quarter of 2021, Hayes said.
Among other airlines, Delta Air Lines DAL.N and Alaska Airlines ALK.N will continue restricting seating capacity on their planes through at least Jan. 6. Hawaiian Airlines HA.O is also blocking seats, while American Airlines AAL.O and United Airlines UAL.O are not.
(Reporting by Tracy Rucinski, Editing by Franklin Paul and Cynthia Osterman)
((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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Hawaiian Airlines HA.O is also blocking seats, while American Airlines AAL.O and United Airlines UAL.O are not. By Tracy Rucinski Oct 28 (Reuters) - JetBlue Airways JBLU.O will continue limiting the number of seats it sells on each flight into early next year, Chief Executive Robin Hayes told Reuters on Wednesday, citing the role the policy plays in customer confidence. The decision sets it apart from low-cost peer Southwest Airlines LUV.N, which last week said it would stop blocking middle seats on Dec. 1, referencing recent medical research showing that the risk of contracting the coronavirus on airplanes is very low.
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Hawaiian Airlines HA.O is also blocking seats, while American Airlines AAL.O and United Airlines UAL.O are not. By Tracy Rucinski Oct 28 (Reuters) - JetBlue Airways JBLU.O will continue limiting the number of seats it sells on each flight into early next year, Chief Executive Robin Hayes told Reuters on Wednesday, citing the role the policy plays in customer confidence. Hayes said he expects JetBlue's business to be "largely recovered" by the end of next year given the low-cost carrier's focus on domestic leisure travel, which is expected to recover before corporate and international travel.
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Hawaiian Airlines HA.O is also blocking seats, while American Airlines AAL.O and United Airlines UAL.O are not. By Tracy Rucinski Oct 28 (Reuters) - JetBlue Airways JBLU.O will continue limiting the number of seats it sells on each flight into early next year, Chief Executive Robin Hayes told Reuters on Wednesday, citing the role the policy plays in customer confidence. Hayes said he expects JetBlue's business to be "largely recovered" by the end of next year given the low-cost carrier's focus on domestic leisure travel, which is expected to recover before corporate and international travel.
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Hawaiian Airlines HA.O is also blocking seats, while American Airlines AAL.O and United Airlines UAL.O are not. "Our view is that over the course of time the seat caps will go, but right now it’s a very important issue for customer perception," Hayes said in an interview. JetBlue, which is currently capping its seating capacity on flights at 70%, will review the policy in the first quarter of 2021, Hayes said.
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5089.0
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2020-10-28 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Titan Pharma, Community Health Systems, MediaAlpha
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-titan-pharma-community-health-systems-mediaalpha-2020-10-28
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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
The S&P 500 and the Dow hit their lowest levels since late-September on Wednesday as coronavirus cases surged globally and fears of a contested U.S. presidential election next week added to worries..N
At 13:10 ET, the Dow Jones Industrial Average .DJI was down 3.16% at 26,595.47. The S&P 500 .SPX was down 2.88% at 3,292.97 and the Nasdaq Composite .IXIC was down 3.29% at 11,055.084. The top three S&P 500 .PG.INX percentage gainers: ** General Electric Co , up 9.2 % ** Automatic Data Processing Inc , up 6 % ** Trane Technologues PLC Ord , up 4.6 % The top three S&P 500 .PL.INX percentage losers: ** DexCom Inc , down 11.8 % ** C.H. Robinson Worldwide , down 10.1 % ** Akamai Technologies Inc , down 9 % The top three NYSE .PG.N percentage gainers: ** Tupperware Brands Corp , up 33.6 % ** MediaAlpha Inc , up 33.4 % ** Community Health Systems , up 32.8 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 22.4 % ** Universal Insurance Holdings Inc , down 17.9 % ** Renren Inc , down 15.5 % The top three Nasdaq .PG.O percentage gainers: ** Astrotech Corp , up 28.4 % ** Scholar Rock Holding Corp , up 25.2 % ** Applied UV Inc , up 24 % The top three Nasdaq .PL.O percentage losers: ** Biodesix Inc , down 20.6 % ** Akerna Corp , down 20.5 % ** Chefs' Warehouse Inc , down 19.7 % ** EQT Corp EQT.N: down 2.3%
BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 4.2%
BUZZ-Microsoft shares gyrate after Q1 report ** Caesars Entertainment Inc CZR.O: down 4.1%
BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.7% ** Chevron Corp CVX.N: down 3.4% ** TechnipFMC Plc FTI.N: down 5.4% ** Halliburton Co HAL.N: down 7.3% ** Diamondback Energy Inc FANG.O: down 4.6% ** Marathon Oil Corp MRO.N: down 5.2% ** Conocophillips COP.N: down 3.0% ** Apache Corp APA.O: down 5.1% ** Devon Energy Corp DVN.N: down 5.4% ** Callon Petroleum Co CPE.N: down 5.3% ** Occidental Petroleum Corp OXY.N: down 2.8% ** Phillips 66 PSX.N: down 3.8%
BUZZ-U.S. energy shares dive: WTI crude sinks on COVID-19 case spike ** Fiverr International Ltd FVRR.N: up 6.5%
BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Microsoft Corp MSFT.O: down 4.2%
BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc LYFT.O: down 3.6%
BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 9.2%
BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 11.1%
BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 2.2%
BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 3.0% ** JPMorgan Chase & Co JPM.N: down 2.3% ** Morgan Stanley MS.N: down 1.7% ** Bank of America Corp BAC.N: down 2.0% ** Wells Fargo & Co WFC.N: down 2.3% ** Citigroup Inc C.N: down 1.6% ** U.S Bancorp USB.N: down 2.2%
BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 5.1% ** Southwest Airlines Co LUV.N: down 4.2% ** Alaska Air Group Inc ALK.N: down 4.7% ** Delta Air Lines Inc DAL.N: down 4.5% ** American Airlines Group Inc AAL.O: down 2.2% ** Royal Caribbean Cruises Ltd RCL.N: down 4.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 7.6% ** Carnival Corp CCL.N: down 8.0% ** Hilton Worldwide Holdings Inc HLT.N: down 2.9% ** Hyatt Hotels Corp H.N: down 1.8% ** Mariott International Inc MAR.O: down 2.8% ** TripAdvisor Inc TRIP.O: down 3.4% ** Booking Holdings Inc BKNG.O: down 3.7% ** Expedia Group Inc EXPE.O: down 2.3%
BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 3.3%
BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 33.6%
BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 11.5%
Bed Bath & Beyond: Sinks as sales forecast fails to impress Street
** Advanced Micro Devices Inc AMD.O: down 2.7%
BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 1.3%
BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 7.8%
BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** ** MSCI Turkey ETF TUR.O: down 3.7%
BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 1.5%
BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 5.5%
BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Mastercard Inc MA.N: down 7.1% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump
** Barrick Gold Corp GOLD.N: down 4.8% ** AngloGold Ashanti Ltd AU.N: down 5.9% ** Agnico Eagle Mines Ltd AEM.N: down 5.3% ** Gold Fields Ltd GFI.N: down 8.0%
BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 20.5%
BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 2.5%
BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 13.2%
BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** Chefs' Warehouse Inc CHEF.O: down 19.7%
BUZZ-Chefs' Warehouse: Falls on bigger-than-expected Q3 loss ** Chewy Inc CHWY.N: up 5.1%
BUZZ-Chewy Inc: Rises on launch of telehealth service for pets ** Tenable Holdings Inc TENB.O: down 3.2%
BUZZ-Tenable Holdings: Rises as brokerages hike PTs after strong forecast ** Callaway Golf Co ELY.N: down 22.4%
BUZZ-Callaway Golf: Hits 4-month low on deal to buy rest of Topgolf ** Hawaiian Holdings Inc HA.O: down 9.9%
BUZZ-Hawaiian Holdings slides as pandemic hits Q3 results, outlook ** Biogen Inc BIIB.O: down 2.7%
BUZZ-Biogen's aducanumab unlikely to get FDA green light: Baird ** Enterprise Products Partners LP EPD.N: down 1.4%
BUZZ-Enterprise Products Partners: Falls on Q3 rev miss, drop in crude shipment volumes ** Marine Products Corp MPX.N: down 9.5%
BUZZ-Marine Products set for worst day in over a month on weak sales ** Anthem Inc ANTM.N: down 3.5%
BUZZ-Anthem down after warning of higher costs in Q4 ** Titan Pharmaceuticals Inc TTNP.O: up 58.3%
BUZZ-Titan Pharma: Jumps on deal to buy drug to treat chronic itching ** MiRagen Therapeutics Inc MGEN.O: up 117.3%
BUZZ-MiRagen Therapeutics: Surges on Viridian acquisition ** Root Inc ROOT.O: up 2.6%
BUZZ-Root Inc: Falls nearly 4% in Nasdaq debut ** MediaAlpha Inc MAX.N: up 33.4%
BUZZ-MediaAlpha Inc: Rises 21% in NYSE debut ** Enphase Energy Inc ENPH.O: up 4.1%
BUZZ-Enphase Energy: Gains on multiple PT raises, Q3 results beat ** Biodesix Inc BDSX.O: down 20.6%
BUZZ-Biodesix Inc: Slumps 24.5% in Nasdaq debut ** Community Health Systems Inc CYH.N: up 32.8% BUZZ-Community Health Systems jumps after strong results, CEO change
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 3.66%
Consumer Discretionary
.SPLRCD
down 2.96%
Consumer Staples
.SPLRCS
down 2.80%
Energy
.SPNY
down 3.07%
Financial
.SPSY
down 2.42%
Health
.SPXHC
down 2.82%
Industrial
.SPLRCI
down 2.47%
Information Technology
.SPLRCT
down 3.82%
Materials
.SPLRCM
down 2.61%
Real Estate
.SPLRCR
down 2.30%
Utilities
.SPLRCU
down 2.36%
(Compiled by Amruta Khandekar)
((Amruta.Khandekar@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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Robinson Worldwide , down 10.1 % ** Akamai Technologies Inc , down 9 % The top three NYSE .PG.N percentage gainers: ** Tupperware Brands Corp , up 33.6 % ** MediaAlpha Inc , up 33.4 % ** Community Health Systems , up 32.8 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 22.4 % ** Universal Insurance Holdings Inc , down 17.9 % ** Renren Inc , down 15.5 % The top three Nasdaq .PG.O percentage gainers: ** Astrotech Corp , up 28.4 % ** Scholar Rock Holding Corp , up 25.2 % ** Applied UV Inc , up 24 % The top three Nasdaq .PL.O percentage losers: ** Biodesix Inc , down 20.6 % ** Akerna Corp , down 20.5 % ** Chefs' Warehouse Inc , down 19.7 % ** EQT Corp EQT.N: down 2.3% BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 4.2% BUZZ-Microsoft shares gyrate after Q1 report ** Caesars Entertainment Inc CZR.O: down 4.1% BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.7% ** Chevron Corp CVX.N: down 3.4% ** TechnipFMC Plc FTI.N: down 5.4% ** Halliburton Co HAL.N: down 7.3% ** Diamondback Energy Inc FANG.O: down 4.6% ** Marathon Oil Corp MRO.N: down 5.2% ** Conocophillips COP.N: down 3.0% ** Apache Corp APA.O: down 5.1% ** Devon Energy Corp DVN.N: down 5.4% ** Callon Petroleum Co CPE.N: down 5.3% ** Occidental Petroleum Corp OXY.N: down 2.8% ** Phillips 66 PSX.N: down 3.8% BUZZ-U.S. energy shares dive: WTI crude sinks on COVID-19 case spike ** Fiverr International Ltd FVRR.N: up 6.5% BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Microsoft Corp MSFT.O: down 4.2% BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc LYFT.O: down 3.6% BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 9.2% BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 11.1% BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 2.2% BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 3.0% ** JPMorgan Chase & Co JPM.N: down 2.3% ** Morgan Stanley MS.N: down 1.7% ** Bank of America Corp BAC.N: down 2.0% ** Wells Fargo & Co WFC.N: down 2.3% ** Citigroup Inc C.N: down 1.6% ** U.S Bancorp USB.N: down 2.2% BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 5.1% ** Southwest Airlines Co LUV.N: down 4.2% ** Alaska Air Group Inc ALK.N: down 4.7% ** Delta Air Lines Inc DAL.N: down 4.5% ** American Airlines Group Inc AAL.O: down 2.2% ** Royal Caribbean Cruises Ltd RCL.N: down 4.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 7.6% ** Carnival Corp CCL.N: down 8.0% ** Hilton Worldwide Holdings Inc HLT.N: down 2.9% ** Hyatt Hotels Corp H.N: down 1.8% ** Mariott International Inc MAR.O: down 2.8% ** TripAdvisor Inc TRIP.O: down 3.4% ** Booking Holdings Inc BKNG.O: down 3.7% ** Expedia Group Inc EXPE.O: down 2.3% BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 3.3% BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 33.6% BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 11.5% Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 2.7% BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 1.3% BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 7.8% BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** ** MSCI Turkey ETF TUR.O: down 3.7% BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 1.5% BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 5.5% BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Mastercard Inc MA.N: down 7.1% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump ** Barrick Gold Corp GOLD.N: down 4.8% ** AngloGold Ashanti Ltd AU.N: down 5.9% ** Agnico Eagle Mines Ltd AEM.N: down 5.3% ** Gold Fields Ltd GFI.N: down 8.0% BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 20.5% BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 2.5% BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 13.2% BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** Chefs' Warehouse Inc CHEF.O: down 19.7% BUZZ-Chefs' Warehouse: Falls on bigger-than-expected Q3 loss ** Chewy Inc CHWY.N: up 5.1% BUZZ-Chewy Inc: Rises on launch of telehealth service for pets ** Tenable Holdings Inc TENB.O: down 3.2% BUZZ-Tenable Holdings: Rises as brokerages hike PTs after strong forecast ** Callaway Golf Co ELY.N: down 22.4% BUZZ-Callaway Golf: Hits 4-month low on deal to buy rest of Topgolf ** Hawaiian Holdings Inc HA.O: down 9.9% BUZZ-Hawaiian Holdings slides as pandemic hits Q3 results, outlook ** Biogen Inc BIIB.O: down 2.7% BUZZ-Biogen's aducanumab unlikely to get FDA green light: Baird ** Enterprise Products Partners LP EPD.N: down 1.4% BUZZ-Enterprise Products Partners: Falls on Q3 rev miss, drop in crude shipment volumes ** Marine Products Corp MPX.N: down 9.5% BUZZ-Marine Products set for worst day in over a month on weak sales ** Anthem Inc ANTM.N: down 3.5% BUZZ-Anthem down after warning of higher costs in Q4 ** Titan Pharmaceuticals Inc TTNP.O: up 58.3% BUZZ-Titan Pharma: Jumps on deal to buy drug to treat chronic itching ** MiRagen Therapeutics Inc MGEN.O: up 117.3% BUZZ-MiRagen Therapeutics: Surges on Viridian acquisition ** Root Inc ROOT.O: up 2.6% BUZZ-Root Inc: Falls nearly 4% in Nasdaq debut ** MediaAlpha Inc MAX.N: up 33.4% BUZZ-MediaAlpha Inc: Rises 21% in NYSE debut ** Enphase Energy Inc ENPH.O: up 4.1% BUZZ-Enphase Energy: Gains on multiple PT raises, Q3 results beat ** Biodesix Inc BDSX.O: down 20.6% BUZZ-Biodesix Inc: Slumps 24.5% in Nasdaq debut ** Community Health Systems Inc CYH.N: up 32.8% BUZZ-Community Health Systems jumps after strong results, CEO change 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 The S&P 500 and the Dow hit their lowest levels since late-September on Wednesday as coronavirus cases surged globally and fears of a contested U.S. presidential election next week added to worries..N At 13:10 ET, the Dow Jones Industrial Average .DJI was down 3.16% at 26,595.47. The top three S&P 500 .PG.INX percentage gainers: ** General Electric Co , up 9.2 % ** Automatic Data Processing Inc , up 6 % ** Trane Technologues PLC Ord , up 4.6 % The top three S&P 500 .PL.INX percentage losers: ** DexCom Inc , down 11.8 % ** C.H.
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Robinson Worldwide , down 10.1 % ** Akamai Technologies Inc , down 9 % The top three NYSE .PG.N percentage gainers: ** Tupperware Brands Corp , up 33.6 % ** MediaAlpha Inc , up 33.4 % ** Community Health Systems , up 32.8 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 22.4 % ** Universal Insurance Holdings Inc , down 17.9 % ** Renren Inc , down 15.5 % The top three Nasdaq .PG.O percentage gainers: ** Astrotech Corp , up 28.4 % ** Scholar Rock Holding Corp , up 25.2 % ** Applied UV Inc , up 24 % The top three Nasdaq .PL.O percentage losers: ** Biodesix Inc , down 20.6 % ** Akerna Corp , down 20.5 % ** Chefs' Warehouse Inc , down 19.7 % ** EQT Corp EQT.N: down 2.3% BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 4.2% BUZZ-Microsoft shares gyrate after Q1 report ** Caesars Entertainment Inc CZR.O: down 4.1% BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.7% ** Chevron Corp CVX.N: down 3.4% ** TechnipFMC Plc FTI.N: down 5.4% ** Halliburton Co HAL.N: down 7.3% ** Diamondback Energy Inc FANG.O: down 4.6% ** Marathon Oil Corp MRO.N: down 5.2% ** Conocophillips COP.N: down 3.0% ** Apache Corp APA.O: down 5.1% ** Devon Energy Corp DVN.N: down 5.4% ** Callon Petroleum Co CPE.N: down 5.3% ** Occidental Petroleum Corp OXY.N: down 2.8% ** Phillips 66 PSX.N: down 3.8% BUZZ-U.S. energy shares dive: WTI crude sinks on COVID-19 case spike ** Fiverr International Ltd FVRR.N: up 6.5% BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Microsoft Corp MSFT.O: down 4.2% BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc LYFT.O: down 3.6% BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 9.2% BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 11.1% BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 2.2% BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 3.0% ** JPMorgan Chase & Co JPM.N: down 2.3% ** Morgan Stanley MS.N: down 1.7% ** Bank of America Corp BAC.N: down 2.0% ** Wells Fargo & Co WFC.N: down 2.3% ** Citigroup Inc C.N: down 1.6% ** U.S Bancorp USB.N: down 2.2% BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 5.1% ** Southwest Airlines Co LUV.N: down 4.2% ** Alaska Air Group Inc ALK.N: down 4.7% ** Delta Air Lines Inc DAL.N: down 4.5% ** American Airlines Group Inc AAL.O: down 2.2% ** Royal Caribbean Cruises Ltd RCL.N: down 4.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 7.6% ** Carnival Corp CCL.N: down 8.0% ** Hilton Worldwide Holdings Inc HLT.N: down 2.9% ** Hyatt Hotels Corp H.N: down 1.8% ** Mariott International Inc MAR.O: down 2.8% ** TripAdvisor Inc TRIP.O: down 3.4% ** Booking Holdings Inc BKNG.O: down 3.7% ** Expedia Group Inc EXPE.O: down 2.3% BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 3.3% BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 33.6% BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 11.5% Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 2.7% BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 1.3% BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 7.8% BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** ** MSCI Turkey ETF TUR.O: down 3.7% BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 1.5% BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 5.5% BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Mastercard Inc MA.N: down 7.1% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump ** Barrick Gold Corp GOLD.N: down 4.8% ** AngloGold Ashanti Ltd AU.N: down 5.9% ** Agnico Eagle Mines Ltd AEM.N: down 5.3% ** Gold Fields Ltd GFI.N: down 8.0% BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 20.5% BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 2.5% BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 13.2% BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** Chefs' Warehouse Inc CHEF.O: down 19.7% BUZZ-Chefs' Warehouse: Falls on bigger-than-expected Q3 loss ** Chewy Inc CHWY.N: up 5.1% BUZZ-Chewy Inc: Rises on launch of telehealth service for pets ** Tenable Holdings Inc TENB.O: down 3.2% BUZZ-Tenable Holdings: Rises as brokerages hike PTs after strong forecast ** Callaway Golf Co ELY.N: down 22.4% BUZZ-Callaway Golf: Hits 4-month low on deal to buy rest of Topgolf ** Hawaiian Holdings Inc HA.O: down 9.9% BUZZ-Hawaiian Holdings slides as pandemic hits Q3 results, outlook ** Biogen Inc BIIB.O: down 2.7% BUZZ-Biogen's aducanumab unlikely to get FDA green light: Baird ** Enterprise Products Partners LP EPD.N: down 1.4% BUZZ-Enterprise Products Partners: Falls on Q3 rev miss, drop in crude shipment volumes ** Marine Products Corp MPX.N: down 9.5% BUZZ-Marine Products set for worst day in over a month on weak sales ** Anthem Inc ANTM.N: down 3.5% BUZZ-Anthem down after warning of higher costs in Q4 ** Titan Pharmaceuticals Inc TTNP.O: up 58.3% BUZZ-Titan Pharma: Jumps on deal to buy drug to treat chronic itching ** MiRagen Therapeutics Inc MGEN.O: up 117.3% BUZZ-MiRagen Therapeutics: Surges on Viridian acquisition ** Root Inc ROOT.O: up 2.6% BUZZ-Root Inc: Falls nearly 4% in Nasdaq debut ** MediaAlpha Inc MAX.N: up 33.4% BUZZ-MediaAlpha Inc: Rises 21% in NYSE debut ** Enphase Energy Inc ENPH.O: up 4.1% BUZZ-Enphase Energy: Gains on multiple PT raises, Q3 results beat ** Biodesix Inc BDSX.O: down 20.6% BUZZ-Biodesix Inc: Slumps 24.5% in Nasdaq debut ** Community Health Systems Inc CYH.N: up 32.8% BUZZ-Community Health Systems jumps after strong results, CEO change 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 The S&P 500 and the Dow hit their lowest levels since late-September on Wednesday as coronavirus cases surged globally and fears of a contested U.S. presidential election next week added to worries..N At 13:10 ET, the Dow Jones Industrial Average .DJI was down 3.16% at 26,595.47. The top three S&P 500 .PG.INX percentage gainers: ** General Electric Co , up 9.2 % ** Automatic Data Processing Inc , up 6 % ** Trane Technologues PLC Ord , up 4.6 % The top three S&P 500 .PL.INX percentage losers: ** DexCom Inc , down 11.8 % ** C.H.
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Robinson Worldwide , down 10.1 % ** Akamai Technologies Inc , down 9 % The top three NYSE .PG.N percentage gainers: ** Tupperware Brands Corp , up 33.6 % ** MediaAlpha Inc , up 33.4 % ** Community Health Systems , up 32.8 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 22.4 % ** Universal Insurance Holdings Inc , down 17.9 % ** Renren Inc , down 15.5 % The top three Nasdaq .PG.O percentage gainers: ** Astrotech Corp , up 28.4 % ** Scholar Rock Holding Corp , up 25.2 % ** Applied UV Inc , up 24 % The top three Nasdaq .PL.O percentage losers: ** Biodesix Inc , down 20.6 % ** Akerna Corp , down 20.5 % ** Chefs' Warehouse Inc , down 19.7 % ** EQT Corp EQT.N: down 2.3% BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 4.2% BUZZ-Microsoft shares gyrate after Q1 report ** Caesars Entertainment Inc CZR.O: down 4.1% BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.7% ** Chevron Corp CVX.N: down 3.4% ** TechnipFMC Plc FTI.N: down 5.4% ** Halliburton Co HAL.N: down 7.3% ** Diamondback Energy Inc FANG.O: down 4.6% ** Marathon Oil Corp MRO.N: down 5.2% ** Conocophillips COP.N: down 3.0% ** Apache Corp APA.O: down 5.1% ** Devon Energy Corp DVN.N: down 5.4% ** Callon Petroleum Co CPE.N: down 5.3% ** Occidental Petroleum Corp OXY.N: down 2.8% ** Phillips 66 PSX.N: down 3.8% BUZZ-U.S. energy shares dive: WTI crude sinks on COVID-19 case spike ** Fiverr International Ltd FVRR.N: up 6.5% BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Microsoft Corp MSFT.O: down 4.2% BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc LYFT.O: down 3.6% BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 9.2% BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 11.1% BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 2.2% BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 3.0% ** JPMorgan Chase & Co JPM.N: down 2.3% ** Morgan Stanley MS.N: down 1.7% ** Bank of America Corp BAC.N: down 2.0% ** Wells Fargo & Co WFC.N: down 2.3% ** Citigroup Inc C.N: down 1.6% ** U.S Bancorp USB.N: down 2.2% BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 5.1% ** Southwest Airlines Co LUV.N: down 4.2% ** Alaska Air Group Inc ALK.N: down 4.7% ** Delta Air Lines Inc DAL.N: down 4.5% ** American Airlines Group Inc AAL.O: down 2.2% ** Royal Caribbean Cruises Ltd RCL.N: down 4.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 7.6% ** Carnival Corp CCL.N: down 8.0% ** Hilton Worldwide Holdings Inc HLT.N: down 2.9% ** Hyatt Hotels Corp H.N: down 1.8% ** Mariott International Inc MAR.O: down 2.8% ** TripAdvisor Inc TRIP.O: down 3.4% ** Booking Holdings Inc BKNG.O: down 3.7% ** Expedia Group Inc EXPE.O: down 2.3% BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 3.3% BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 33.6% BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 11.5% Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 2.7% BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 1.3% BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 7.8% BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** ** MSCI Turkey ETF TUR.O: down 3.7% BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 1.5% BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 5.5% BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Mastercard Inc MA.N: down 7.1% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump ** Barrick Gold Corp GOLD.N: down 4.8% ** AngloGold Ashanti Ltd AU.N: down 5.9% ** Agnico Eagle Mines Ltd AEM.N: down 5.3% ** Gold Fields Ltd GFI.N: down 8.0% BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 20.5% BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 2.5% BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 13.2% BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** Chefs' Warehouse Inc CHEF.O: down 19.7% BUZZ-Chefs' Warehouse: Falls on bigger-than-expected Q3 loss ** Chewy Inc CHWY.N: up 5.1% BUZZ-Chewy Inc: Rises on launch of telehealth service for pets ** Tenable Holdings Inc TENB.O: down 3.2% BUZZ-Tenable Holdings: Rises as brokerages hike PTs after strong forecast ** Callaway Golf Co ELY.N: down 22.4% BUZZ-Callaway Golf: Hits 4-month low on deal to buy rest of Topgolf ** Hawaiian Holdings Inc HA.O: down 9.9% BUZZ-Hawaiian Holdings slides as pandemic hits Q3 results, outlook ** Biogen Inc BIIB.O: down 2.7% BUZZ-Biogen's aducanumab unlikely to get FDA green light: Baird ** Enterprise Products Partners LP EPD.N: down 1.4% BUZZ-Enterprise Products Partners: Falls on Q3 rev miss, drop in crude shipment volumes ** Marine Products Corp MPX.N: down 9.5% BUZZ-Marine Products set for worst day in over a month on weak sales ** Anthem Inc ANTM.N: down 3.5% BUZZ-Anthem down after warning of higher costs in Q4 ** Titan Pharmaceuticals Inc TTNP.O: up 58.3% BUZZ-Titan Pharma: Jumps on deal to buy drug to treat chronic itching ** MiRagen Therapeutics Inc MGEN.O: up 117.3% BUZZ-MiRagen Therapeutics: Surges on Viridian acquisition ** Root Inc ROOT.O: up 2.6% BUZZ-Root Inc: Falls nearly 4% in Nasdaq debut ** MediaAlpha Inc MAX.N: up 33.4% BUZZ-MediaAlpha Inc: Rises 21% in NYSE debut ** Enphase Energy Inc ENPH.O: up 4.1% BUZZ-Enphase Energy: Gains on multiple PT raises, Q3 results beat ** Biodesix Inc BDSX.O: down 20.6% BUZZ-Biodesix Inc: Slumps 24.5% in Nasdaq debut ** Community Health Systems Inc CYH.N: up 32.8% BUZZ-Community Health Systems jumps after strong results, CEO change The 11 major S&P 500 sectors: Communication Services down 3.66% Consumer Discretionary down 2.96% Consumer Staples
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Robinson Worldwide , down 10.1 % ** Akamai Technologies Inc , down 9 % The top three NYSE .PG.N percentage gainers: ** Tupperware Brands Corp , up 33.6 % ** MediaAlpha Inc , up 33.4 % ** Community Health Systems , up 32.8 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 22.4 % ** Universal Insurance Holdings Inc , down 17.9 % ** Renren Inc , down 15.5 % The top three Nasdaq .PG.O percentage gainers: ** Astrotech Corp , up 28.4 % ** Scholar Rock Holding Corp , up 25.2 % ** Applied UV Inc , up 24 % The top three Nasdaq .PL.O percentage losers: ** Biodesix Inc , down 20.6 % ** Akerna Corp , down 20.5 % ** Chefs' Warehouse Inc , down 19.7 % ** EQT Corp EQT.N: down 2.3% BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 4.2% BUZZ-Microsoft shares gyrate after Q1 report ** Caesars Entertainment Inc CZR.O: down 4.1% BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.7% ** Chevron Corp CVX.N: down 3.4% ** TechnipFMC Plc FTI.N: down 5.4% ** Halliburton Co HAL.N: down 7.3% ** Diamondback Energy Inc FANG.O: down 4.6% ** Marathon Oil Corp MRO.N: down 5.2% ** Conocophillips COP.N: down 3.0% ** Apache Corp APA.O: down 5.1% ** Devon Energy Corp DVN.N: down 5.4% ** Callon Petroleum Co CPE.N: down 5.3% ** Occidental Petroleum Corp OXY.N: down 2.8% ** Phillips 66 PSX.N: down 3.8% BUZZ-U.S. energy shares dive: WTI crude sinks on COVID-19 case spike ** Fiverr International Ltd FVRR.N: up 6.5% BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Microsoft Corp MSFT.O: down 4.2% BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc LYFT.O: down 3.6% BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 9.2% BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 11.1% BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 2.2% BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 3.0% ** JPMorgan Chase & Co JPM.N: down 2.3% ** Morgan Stanley MS.N: down 1.7% ** Bank of America Corp BAC.N: down 2.0% ** Wells Fargo & Co WFC.N: down 2.3% ** Citigroup Inc C.N: down 1.6% ** U.S Bancorp USB.N: down 2.2% BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 5.1% ** Southwest Airlines Co LUV.N: down 4.2% ** Alaska Air Group Inc ALK.N: down 4.7% ** Delta Air Lines Inc DAL.N: down 4.5% ** American Airlines Group Inc AAL.O: down 2.2% ** Royal Caribbean Cruises Ltd RCL.N: down 4.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 7.6% ** Carnival Corp CCL.N: down 8.0% ** Hilton Worldwide Holdings Inc HLT.N: down 2.9% ** Hyatt Hotels Corp H.N: down 1.8% ** Mariott International Inc MAR.O: down 2.8% ** TripAdvisor Inc TRIP.O: down 3.4% ** Booking Holdings Inc BKNG.O: down 3.7% ** Expedia Group Inc EXPE.O: down 2.3% BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 3.3% BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 33.6% BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 11.5% Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 2.7% BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 1.3% BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 7.8% BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** ** MSCI Turkey ETF TUR.O: down 3.7% BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 1.5% BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 5.5% BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Mastercard Inc MA.N: down 7.1% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump ** Barrick Gold Corp GOLD.N: down 4.8% ** AngloGold Ashanti Ltd AU.N: down 5.9% ** Agnico Eagle Mines Ltd AEM.N: down 5.3% ** Gold Fields Ltd GFI.N: down 8.0% BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 20.5% BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 2.5% BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 13.2% BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** Chefs' Warehouse Inc CHEF.O: down 19.7% BUZZ-Chefs' Warehouse: Falls on bigger-than-expected Q3 loss ** Chewy Inc CHWY.N: up 5.1% BUZZ-Chewy Inc: Rises on launch of telehealth service for pets ** Tenable Holdings Inc TENB.O: down 3.2% BUZZ-Tenable Holdings: Rises as brokerages hike PTs after strong forecast ** Callaway Golf Co ELY.N: down 22.4% BUZZ-Callaway Golf: Hits 4-month low on deal to buy rest of Topgolf ** Hawaiian Holdings Inc HA.O: down 9.9% BUZZ-Hawaiian Holdings slides as pandemic hits Q3 results, outlook ** Biogen Inc BIIB.O: down 2.7% BUZZ-Biogen's aducanumab unlikely to get FDA green light: Baird ** Enterprise Products Partners LP EPD.N: down 1.4% BUZZ-Enterprise Products Partners: Falls on Q3 rev miss, drop in crude shipment volumes ** Marine Products Corp MPX.N: down 9.5% BUZZ-Marine Products set for worst day in over a month on weak sales ** Anthem Inc ANTM.N: down 3.5% BUZZ-Anthem down after warning of higher costs in Q4 ** Titan Pharmaceuticals Inc TTNP.O: up 58.3% BUZZ-Titan Pharma: Jumps on deal to buy drug to treat chronic itching ** MiRagen Therapeutics Inc MGEN.O: up 117.3% BUZZ-MiRagen Therapeutics: Surges on Viridian acquisition ** Root Inc ROOT.O: up 2.6% BUZZ-Root Inc: Falls nearly 4% in Nasdaq debut ** MediaAlpha Inc MAX.N: up 33.4% BUZZ-MediaAlpha Inc: Rises 21% in NYSE debut ** Enphase Energy Inc ENPH.O: up 4.1% BUZZ-Enphase Energy: Gains on multiple PT raises, Q3 results beat ** Biodesix Inc BDSX.O: down 20.6% BUZZ-Biodesix Inc: Slumps 24.5% in Nasdaq debut ** Community Health Systems Inc CYH.N: up 32.8% BUZZ-Community Health Systems jumps after strong results, CEO change 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 The S&P 500 and the Dow hit their lowest levels since late-September on Wednesday as coronavirus cases surged globally and fears of a contested U.S. presidential election next week added to worries..N At 13:10 ET, the Dow Jones Industrial Average .DJI was down 3.16% at 26,595.47. The S&P 500 .SPX was down 2.88% at 3,292.97 and the Nasdaq Composite .IXIC was down 3.29% at 11,055.084.
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5090.0
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2020-10-28 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Chefs' Warehouse, Chewy Inc, Polaris Inc
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-chefs-warehouse-chewy-inc-polaris-inc-2020-10-28
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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
The S&P 500 and the Dow hit their lowest levels since late-September on Wednesday as a surge in coronavirus cases in the United States and Europe dashed hopes of a quick global economic recovery. .N
At 11:37 a.m. ET, the Dow Jones Industrial Average .DJI was down 2.89% at 26,670.59. The S&P 500 .SPX was down 2.87% at 3,293.46 and the Nasdaq Composite .IXIC was down 2.85% at 11,105.621. The top three S&P 500 .PG.INX percentage gainers: ** General Electric Co , up 8.2 % ** Automatic Data , up 6 % ** Trane Technologies PLC , up 4.3 % The top three S&P 500 .PL.INX percentage losers: ** Dexcom , down 10.2 % ** C.H. Robinson Worldwide , down 9 % ** Carnival Corp , down 8.9 % The top three NYSE .PG.N percentage gainers: ** Tupperware Brands , up 33.1 % ** Community Health Systems , up 28.2 % ** Proshars Trst Ii , up 16.2 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 21.2 % ** Universal Holdings , down 15.3 % ** Renren Inc , down 15.3 % The top three Nasdaq .PG.O percentage gainers: ** Applied UV Inc , up 28 % ** Astrotech Corp , up 22.4 % ** Socket Mobile Inc , up 18.1 % The top Nasdaq .PL.O percentage losers: ** Big 5 Sporting , down 21.4 % ** Rekor System Inc , down 17 % ** EQT Corp EQT.N: up 1.7%
BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 3.6%
BUZZ-Microsoft shares gyrate after Q1 report ** FireEye Inc FEYE.O: down 2.3%
BUZZ-FireEye: Rises on strong Q3 results, higher forecasts ** Caesars Entertainment Inc CZR.O: down 4.3%
BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 3.2% ** Chevron Corp CVX.N: down 3.8% ** TechnipFMC Plc FTI.N: down 6.5% ** Halliburton Co HAL.N: down 7.6% ** Diamondback Energy Inc FANG.O: down 5.8% ** Marathon Oil Corp MRO.N: down 6.7% ** Conocophillips COP.N: down 4.4% ** Apache Corp APA.O: down 6.2% ** Devon Energy Corp DVN.N: down 6.9% ** Callon Petroleum Co CPE.N: down 6.8% ** Occidental Petroleum Corp OXY.N: down 4.1% ** Phillips 66 PSX.N: down 5.4%
BUZZ-U.S. energy shares dive: WTI crude sinks on COVID-19 case spike ** Fiverr International Ltd FVRR.N: up 4.4%
BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.8%
BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 3.6%
BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 5.6%
BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 8.2%
BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 11.9%
BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 2.5%
BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 2.5% ** JPMorgan Chase & Co JPM.N: down 2.7% ** Morgan Stanley MS.N: down 2.0% ** Bank of America Corp BAC.N: down 2.6% ** Wells Fargo & Co WFC.N: down 4.0% ** Citigroup Inc C.N: down 2.3% ** U.S Bancorp USB.N: down 2.8%
BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 6.1% ** Southwest Airlines Co LUV.N: down 5.9% ** Alaska Air Group Inc ALK.N: down 6.1% ** Delta Air Lines Inc DAL.N: down 6.1% ** American Airlines Group Inc AAL.O: down 4.2% ** Royal Caribbean Cruises Ltd RCL.N: down 6.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 8.6% ** Carnival Corp CCL.N: down 8.9% ** Hilton Worldwide Holdings Inc HLT.N: down 3.6% ** Hyatt Hotels Corp H.N: down 3.6% ** Mariott International Inc MAR.O: down 4.2% ** TripAdvisor Inc TRIP.O: down 3.9% ** Booking Holdings Inc BKNG.O: down 3.1% ** Expedia Group Inc EXPE.O: down 4.0%
BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 4.9%
BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 33.1%
BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 12.5%
Bed Bath & Beyond: Sinks as sales forecast fails to impress Street
** Advanced Micro Devices Inc AMD.O: down 2.4%
BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 3.3%
BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 8.8%
BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: down 2.4%
BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** ** MSCI Turkey ETF TUR.O: down 3.0%
BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.3%
BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 4.5%
BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Garmin Ltd GRMN.O: up 1.1%
BUZZ-Garmin: Rises on Q3 results beat, strong annual revenue forecast ** Mastercard Inc MA.N: down 6.0% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump
** Barrick Gold Corp GOLD.N: down 4.4% ** AngloGold Ashanti Ltd AU.N: down 5.5% ** Agnico Eagle Mines Ltd AEM.N: down 5.3% ** Gold Fields Ltd GFI.N: down 7.0%
BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 16.4%
BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 1.0%
BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 13.9%
BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** 3M Co MMM.N: down 1.1%
BUZZ-Street View: N95 boost temporary, but 3M yet to recover in other segments ** Chefs' Warehouse Inc CHEF.O: down 16.9%
BUZZ-Chefs' Warehouse: Falls on bigger-than-expected Q3 loss ** Chewy Inc CHWY.N: up 5.4%
BUZZ-Chewy Inc: Rises on launch of telehealth service for pets ** Polaris Inc PII.N: up 1.5%
BUZZ-Polaris gains on strong Q3 earnings ** Tenable Holdings Inc TENB.O: down 3.1%
BUZZ-Tenable Holdings: Rises as brokerages hike PTs after strong forecast ** Callaway Golf Co ELY.N: down 21.2%
BUZZ-Callaway Golf: Hits 4-month low on deal to buy rest of Topgolf
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 3.03%
Consumer Discretionary
.SPLRCD
down 2.58%
Consumer Staples
.SPLRCS
down 2.24%
Energy
.SPNY
down 3.87%
Financial
.SPSY
down 2.68%
Health
.SPXHC
down 2.58%
Industrial
.SPLRCI
down 2.37%
Information Technology
.SPLRCT
down 3.39%
Materials
.SPLRCM
down 2.68%
Real Estate
.SPLRCR
down 2.09%
Utilities
.SPLRCU
down 1.81%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Robinson Worldwide , down 9 % ** Carnival Corp , down 8.9 % The top three NYSE .PG.N percentage gainers: ** Tupperware Brands , up 33.1 % ** Community Health Systems , up 28.2 % ** Proshars Trst Ii , up 16.2 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 21.2 % ** Universal Holdings , down 15.3 % ** Renren Inc , down 15.3 % The top three Nasdaq .PG.O percentage gainers: ** Applied UV Inc , up 28 % ** Astrotech Corp , up 22.4 % ** Socket Mobile Inc , up 18.1 % The top Nasdaq .PL.O percentage losers: ** Big 5 Sporting , down 21.4 % ** Rekor System Inc , down 17 % ** EQT Corp EQT.N: up 1.7% BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 3.6% BUZZ-Microsoft shares gyrate after Q1 report ** FireEye Inc FEYE.O: down 2.3% BUZZ-FireEye: Rises on strong Q3 results, higher forecasts ** Caesars Entertainment Inc CZR.O: down 4.3% BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 3.2% ** Chevron Corp CVX.N: down 3.8% ** TechnipFMC Plc FTI.N: down 6.5% ** Halliburton Co HAL.N: down 7.6% ** Diamondback Energy Inc FANG.O: down 5.8% ** Marathon Oil Corp MRO.N: down 6.7% ** Conocophillips COP.N: down 4.4% ** Apache Corp APA.O: down 6.2% ** Devon Energy Corp DVN.N: down 6.9% ** Callon Petroleum Co CPE.N: down 6.8% ** Occidental Petroleum Corp OXY.N: down 4.1% ** Phillips 66 PSX.N: down 5.4% BUZZ-U.S. energy shares dive: WTI crude sinks on COVID-19 case spike ** Fiverr International Ltd FVRR.N: up 4.4% BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.8% BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 3.6% BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 5.6% BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 8.2% BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 11.9% BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 2.5% BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 2.5% ** JPMorgan Chase & Co JPM.N: down 2.7% ** Morgan Stanley MS.N: down 2.0% ** Bank of America Corp BAC.N: down 2.6% ** Wells Fargo & Co WFC.N: down 4.0% ** Citigroup Inc C.N: down 2.3% ** U.S Bancorp USB.N: down 2.8% BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 6.1% ** Southwest Airlines Co LUV.N: down 5.9% ** Alaska Air Group Inc ALK.N: down 6.1% ** Delta Air Lines Inc DAL.N: down 6.1% ** American Airlines Group Inc AAL.O: down 4.2% ** Royal Caribbean Cruises Ltd RCL.N: down 6.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 8.6% ** Carnival Corp CCL.N: down 8.9% ** Hilton Worldwide Holdings Inc HLT.N: down 3.6% ** Hyatt Hotels Corp H.N: down 3.6% ** Mariott International Inc MAR.O: down 4.2% ** TripAdvisor Inc TRIP.O: down 3.9% ** Booking Holdings Inc BKNG.O: down 3.1% ** Expedia Group Inc EXPE.O: down 4.0% BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 4.9% BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 33.1% BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 12.5% Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 2.4% BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 3.3% BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 8.8% BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: down 2.4% BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** ** MSCI Turkey ETF TUR.O: down 3.0% BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.3% BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 4.5% BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Garmin Ltd GRMN.O: up 1.1% BUZZ-Garmin: Rises on Q3 results beat, strong annual revenue forecast ** Mastercard Inc MA.N: down 6.0% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump ** Barrick Gold Corp GOLD.N: down 4.4% ** AngloGold Ashanti Ltd AU.N: down 5.5% ** Agnico Eagle Mines Ltd AEM.N: down 5.3% ** Gold Fields Ltd GFI.N: down 7.0% BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 16.4% BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 1.0% BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 13.9% BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** 3M Co MMM.N: down 1.1% BUZZ-Street View: N95 boost temporary, but 3M yet to recover in other segments ** Chefs' Warehouse Inc CHEF.O: down 16.9% BUZZ-Chefs' Warehouse: Falls on bigger-than-expected Q3 loss ** Chewy Inc CHWY.N: up 5.4% BUZZ-Chewy Inc: Rises on launch of telehealth service for pets ** Polaris Inc PII.N: up 1.5% BUZZ-Polaris gains on strong Q3 earnings ** Tenable Holdings Inc TENB.O: down 3.1% BUZZ-Tenable Holdings: Rises as brokerages hike PTs after strong forecast ** Callaway Golf Co ELY.N: down 21.2% BUZZ-Callaway Golf: Hits 4-month low on deal to buy rest of Topgolf 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 The S&P 500 and the Dow hit their lowest levels since late-September on Wednesday as a surge in coronavirus cases in the United States and Europe dashed hopes of a quick global economic recovery. The top three S&P 500 .PG.INX percentage gainers: ** General Electric Co , up 8.2 % ** Automatic Data , up 6 % ** Trane Technologies PLC , up 4.3 % The top three S&P 500 .PL.INX percentage losers: ** Dexcom , down 10.2 % ** C.H.
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Robinson Worldwide , down 9 % ** Carnival Corp , down 8.9 % The top three NYSE .PG.N percentage gainers: ** Tupperware Brands , up 33.1 % ** Community Health Systems , up 28.2 % ** Proshars Trst Ii , up 16.2 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 21.2 % ** Universal Holdings , down 15.3 % ** Renren Inc , down 15.3 % The top three Nasdaq .PG.O percentage gainers: ** Applied UV Inc , up 28 % ** Astrotech Corp , up 22.4 % ** Socket Mobile Inc , up 18.1 % The top Nasdaq .PL.O percentage losers: ** Big 5 Sporting , down 21.4 % ** Rekor System Inc , down 17 % ** EQT Corp EQT.N: up 1.7% BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 3.6% BUZZ-Microsoft shares gyrate after Q1 report ** FireEye Inc FEYE.O: down 2.3% BUZZ-FireEye: Rises on strong Q3 results, higher forecasts ** Caesars Entertainment Inc CZR.O: down 4.3% BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 3.2% ** Chevron Corp CVX.N: down 3.8% ** TechnipFMC Plc FTI.N: down 6.5% ** Halliburton Co HAL.N: down 7.6% ** Diamondback Energy Inc FANG.O: down 5.8% ** Marathon Oil Corp MRO.N: down 6.7% ** Conocophillips COP.N: down 4.4% ** Apache Corp APA.O: down 6.2% ** Devon Energy Corp DVN.N: down 6.9% ** Callon Petroleum Co CPE.N: down 6.8% ** Occidental Petroleum Corp OXY.N: down 4.1% ** Phillips 66 PSX.N: down 5.4% BUZZ-U.S. energy shares dive: WTI crude sinks on COVID-19 case spike ** Fiverr International Ltd FVRR.N: up 4.4% BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.8% BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 3.6% BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 5.6% BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 8.2% BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 11.9% BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 2.5% BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 2.5% ** JPMorgan Chase & Co JPM.N: down 2.7% ** Morgan Stanley MS.N: down 2.0% ** Bank of America Corp BAC.N: down 2.6% ** Wells Fargo & Co WFC.N: down 4.0% ** Citigroup Inc C.N: down 2.3% ** U.S Bancorp USB.N: down 2.8% BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 6.1% ** Southwest Airlines Co LUV.N: down 5.9% ** Alaska Air Group Inc ALK.N: down 6.1% ** Delta Air Lines Inc DAL.N: down 6.1% ** American Airlines Group Inc AAL.O: down 4.2% ** Royal Caribbean Cruises Ltd RCL.N: down 6.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 8.6% ** Carnival Corp CCL.N: down 8.9% ** Hilton Worldwide Holdings Inc HLT.N: down 3.6% ** Hyatt Hotels Corp H.N: down 3.6% ** Mariott International Inc MAR.O: down 4.2% ** TripAdvisor Inc TRIP.O: down 3.9% ** Booking Holdings Inc BKNG.O: down 3.1% ** Expedia Group Inc EXPE.O: down 4.0% BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 4.9% BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 33.1% BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 12.5% Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 2.4% BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 3.3% BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 8.8% BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: down 2.4% BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** ** MSCI Turkey ETF TUR.O: down 3.0% BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.3% BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 4.5% BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Garmin Ltd GRMN.O: up 1.1% BUZZ-Garmin: Rises on Q3 results beat, strong annual revenue forecast ** Mastercard Inc MA.N: down 6.0% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump ** Barrick Gold Corp GOLD.N: down 4.4% ** AngloGold Ashanti Ltd AU.N: down 5.5% ** Agnico Eagle Mines Ltd AEM.N: down 5.3% ** Gold Fields Ltd GFI.N: down 7.0% BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 16.4% BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 1.0% BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 13.9% BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** 3M Co MMM.N: down 1.1% BUZZ-Street View: N95 boost temporary, but 3M yet to recover in other segments ** Chefs' Warehouse Inc CHEF.O: down 16.9% BUZZ-Chefs' Warehouse: Falls on bigger-than-expected Q3 loss ** Chewy Inc CHWY.N: up 5.4% BUZZ-Chewy Inc: Rises on launch of telehealth service for pets ** Polaris Inc PII.N: up 1.5% BUZZ-Polaris gains on strong Q3 earnings ** Tenable Holdings Inc TENB.O: down 3.1% BUZZ-Tenable Holdings: Rises as brokerages hike PTs after strong forecast ** Callaway Golf Co ELY.N: down 21.2% BUZZ-Callaway Golf: Hits 4-month low on deal to buy rest of Topgolf 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 The S&P 500 and the Dow hit their lowest levels since late-September on Wednesday as a surge in coronavirus cases in the United States and Europe dashed hopes of a quick global economic recovery. The top three S&P 500 .PG.INX percentage gainers: ** General Electric Co , up 8.2 % ** Automatic Data , up 6 % ** Trane Technologies PLC , up 4.3 % The top three S&P 500 .PL.INX percentage losers: ** Dexcom , down 10.2 % ** C.H.
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Robinson Worldwide , down 9 % ** Carnival Corp , down 8.9 % The top three NYSE .PG.N percentage gainers: ** Tupperware Brands , up 33.1 % ** Community Health Systems , up 28.2 % ** Proshars Trst Ii , up 16.2 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 21.2 % ** Universal Holdings , down 15.3 % ** Renren Inc , down 15.3 % The top three Nasdaq .PG.O percentage gainers: ** Applied UV Inc , up 28 % ** Astrotech Corp , up 22.4 % ** Socket Mobile Inc , up 18.1 % The top Nasdaq .PL.O percentage losers: ** Big 5 Sporting , down 21.4 % ** Rekor System Inc , down 17 % ** EQT Corp EQT.N: up 1.7% BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 3.6% BUZZ-Microsoft shares gyrate after Q1 report ** FireEye Inc FEYE.O: down 2.3% BUZZ-FireEye: Rises on strong Q3 results, higher forecasts ** Caesars Entertainment Inc CZR.O: down 4.3% BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 3.2% ** Chevron Corp CVX.N: down 3.8% ** TechnipFMC Plc FTI.N: down 6.5% ** Halliburton Co HAL.N: down 7.6% ** Diamondback Energy Inc FANG.O: down 5.8% ** Marathon Oil Corp MRO.N: down 6.7% ** Conocophillips COP.N: down 4.4% ** Apache Corp APA.O: down 6.2% ** Devon Energy Corp DVN.N: down 6.9% ** Callon Petroleum Co CPE.N: down 6.8% ** Occidental Petroleum Corp OXY.N: down 4.1% ** Phillips 66 PSX.N: down 5.4% BUZZ-U.S. energy shares dive: WTI crude sinks on COVID-19 case spike ** Fiverr International Ltd FVRR.N: up 4.4% BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.8% BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 3.6% BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 5.6% BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 8.2% BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 11.9% BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 2.5% BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 2.5% ** JPMorgan Chase & Co JPM.N: down 2.7% ** Morgan Stanley MS.N: down 2.0% ** Bank of America Corp BAC.N: down 2.6% ** Wells Fargo & Co WFC.N: down 4.0% ** Citigroup Inc C.N: down 2.3% ** U.S Bancorp USB.N: down 2.8% BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 6.1% ** Southwest Airlines Co LUV.N: down 5.9% ** Alaska Air Group Inc ALK.N: down 6.1% ** Delta Air Lines Inc DAL.N: down 6.1% ** American Airlines Group Inc AAL.O: down 4.2% ** Royal Caribbean Cruises Ltd RCL.N: down 6.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 8.6% ** Carnival Corp CCL.N: down 8.9% ** Hilton Worldwide Holdings Inc HLT.N: down 3.6% ** Hyatt Hotels Corp H.N: down 3.6% ** Mariott International Inc MAR.O: down 4.2% ** TripAdvisor Inc TRIP.O: down 3.9% ** Booking Holdings Inc BKNG.O: down 3.1% ** Expedia Group Inc EXPE.O: down 4.0% BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 4.9% BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 33.1% BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 12.5% Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 2.4% BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 3.3% BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 8.8% BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: down 2.4% BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** ** MSCI Turkey ETF TUR.O: down 3.0% BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.3% BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 4.5% BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Garmin Ltd GRMN.O: up 1.1% BUZZ-Garmin: Rises on Q3 results beat, strong annual revenue forecast ** Mastercard Inc MA.N: down 6.0% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump ** Barrick Gold Corp GOLD.N: down 4.4% ** AngloGold Ashanti Ltd AU.N: down 5.5% ** Agnico Eagle Mines Ltd AEM.N: down 5.3% ** Gold Fields Ltd GFI.N: down 7.0% BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 16.4% BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 1.0% BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 13.9% BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** 3M Co MMM.N: down 1.1% BUZZ-Street View: N95 boost temporary, but 3M yet to recover in other segments ** Chefs' Warehouse Inc CHEF.O: down 16.9% BUZZ-Chefs' Warehouse: Falls on bigger-than-expected Q3 loss ** Chewy Inc CHWY.N: up 5.4% BUZZ-Chewy Inc: Rises on launch of telehealth service for pets ** Polaris Inc PII.N: up 1.5% BUZZ-Polaris gains on strong Q3 earnings ** Tenable Holdings Inc TENB.O: down 3.1% BUZZ-Tenable Holdings: Rises as brokerages hike PTs after strong forecast ** Callaway Golf Co ELY.N: down 21.2% BUZZ-Callaway Golf: Hits 4-month low on deal to buy rest of Topgolf The 11 major S&P 500 sectors: Communication Services down 3.03% Consumer Discretionary down 2.58% Consumer Staples
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Robinson Worldwide , down 9 % ** Carnival Corp , down 8.9 % The top three NYSE .PG.N percentage gainers: ** Tupperware Brands , up 33.1 % ** Community Health Systems , up 28.2 % ** Proshars Trst Ii , up 16.2 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 21.2 % ** Universal Holdings , down 15.3 % ** Renren Inc , down 15.3 % The top three Nasdaq .PG.O percentage gainers: ** Applied UV Inc , up 28 % ** Astrotech Corp , up 22.4 % ** Socket Mobile Inc , up 18.1 % The top Nasdaq .PL.O percentage losers: ** Big 5 Sporting , down 21.4 % ** Rekor System Inc , down 17 % ** EQT Corp EQT.N: up 1.7% BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 3.6% BUZZ-Microsoft shares gyrate after Q1 report ** FireEye Inc FEYE.O: down 2.3% BUZZ-FireEye: Rises on strong Q3 results, higher forecasts ** Caesars Entertainment Inc CZR.O: down 4.3% BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 3.2% ** Chevron Corp CVX.N: down 3.8% ** TechnipFMC Plc FTI.N: down 6.5% ** Halliburton Co HAL.N: down 7.6% ** Diamondback Energy Inc FANG.O: down 5.8% ** Marathon Oil Corp MRO.N: down 6.7% ** Conocophillips COP.N: down 4.4% ** Apache Corp APA.O: down 6.2% ** Devon Energy Corp DVN.N: down 6.9% ** Callon Petroleum Co CPE.N: down 6.8% ** Occidental Petroleum Corp OXY.N: down 4.1% ** Phillips 66 PSX.N: down 5.4% BUZZ-U.S. energy shares dive: WTI crude sinks on COVID-19 case spike ** Fiverr International Ltd FVRR.N: up 4.4% BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.8% BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 3.6% BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 5.6% BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 8.2% BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 11.9% BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 2.5% BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 2.5% ** JPMorgan Chase & Co JPM.N: down 2.7% ** Morgan Stanley MS.N: down 2.0% ** Bank of America Corp BAC.N: down 2.6% ** Wells Fargo & Co WFC.N: down 4.0% ** Citigroup Inc C.N: down 2.3% ** U.S Bancorp USB.N: down 2.8% BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 6.1% ** Southwest Airlines Co LUV.N: down 5.9% ** Alaska Air Group Inc ALK.N: down 6.1% ** Delta Air Lines Inc DAL.N: down 6.1% ** American Airlines Group Inc AAL.O: down 4.2% ** Royal Caribbean Cruises Ltd RCL.N: down 6.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 8.6% ** Carnival Corp CCL.N: down 8.9% ** Hilton Worldwide Holdings Inc HLT.N: down 3.6% ** Hyatt Hotels Corp H.N: down 3.6% ** Mariott International Inc MAR.O: down 4.2% ** TripAdvisor Inc TRIP.O: down 3.9% ** Booking Holdings Inc BKNG.O: down 3.1% ** Expedia Group Inc EXPE.O: down 4.0% BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 4.9% BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 33.1% BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 12.5% Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 2.4% BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 3.3% BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 8.8% BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: down 2.4% BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** ** MSCI Turkey ETF TUR.O: down 3.0% BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.3% BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 4.5% BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Garmin Ltd GRMN.O: up 1.1% BUZZ-Garmin: Rises on Q3 results beat, strong annual revenue forecast ** Mastercard Inc MA.N: down 6.0% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump ** Barrick Gold Corp GOLD.N: down 4.4% ** AngloGold Ashanti Ltd AU.N: down 5.5% ** Agnico Eagle Mines Ltd AEM.N: down 5.3% ** Gold Fields Ltd GFI.N: down 7.0% BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 16.4% BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 1.0% BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 13.9% BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** 3M Co MMM.N: down 1.1% BUZZ-Street View: N95 boost temporary, but 3M yet to recover in other segments ** Chefs' Warehouse Inc CHEF.O: down 16.9% BUZZ-Chefs' Warehouse: Falls on bigger-than-expected Q3 loss ** Chewy Inc CHWY.N: up 5.4% BUZZ-Chewy Inc: Rises on launch of telehealth service for pets ** Polaris Inc PII.N: up 1.5% BUZZ-Polaris gains on strong Q3 earnings ** Tenable Holdings Inc TENB.O: down 3.1% BUZZ-Tenable Holdings: Rises as brokerages hike PTs after strong forecast ** Callaway Golf Co ELY.N: down 21.2% BUZZ-Callaway Golf: Hits 4-month low on deal to buy rest of Topgolf 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 The S&P 500 and the Dow hit their lowest levels since late-September on Wednesday as a surge in coronavirus cases in the United States and Europe dashed hopes of a quick global economic recovery. ET, the Dow Jones Industrial Average .DJI was down 2.89% at 26,670.59.
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5091.0
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2020-10-28 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Omnicom, Akerna, Mastercard, gold miners
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-omnicom-akerna-mastercard-gold-miners-2020-10-28
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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 main indexes slumped on Wednesday as a surge in coronavirus cases in the United States and Europe dashed hopes of a quick global economic recovery..N
At 10:14 a.m. ET, the Dow Jones Industrial Average .DJI was down 2.19% at 26,862.64. The S&P 500 .SPX was down 2.08% at 3,320.27 and the Nasdaq Composite .IXIC was down 2.48% at 11,148.411. The top three S&P 500 .PG.INX percentage gainers: ** General Elec Co , up 8.7 % ** Automatic Data , up 6.9 % ** Trane Tchnlg Ord , up 5.2 % The top three S&P 500 .PL.INX percentage losers: ** Dexcom , down 9.3 % ** Akamai Tech Inc , down 7.9 % ** Ch Robinson Ww , down 6.8 % The top three NYSE .PG.N percentage gainers: ** Cmnty Hlth Sys , up 30.8 % ** Tupperware Brnds , up 28.9 % ** Systemax Inc , up 17.3 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 18 % ** Summit Materials , down 15.7 % ** Renren Inc Adr , down 15.1 % The top three Nasdaq .PG.O percentage gainers: ** Appld Uv Inc Ord , up 34.5 % ** Socket Moble Inc , up 24 % ** Scholar Rock Hld , up 18.5 % The top three Nasdaq .PL.O percentage losers: ** Akerna Corp , down 20.8 % ** Lrdstwn Mtrs Wnt , down 19.5 % ** Key Tronic Cp , down 16.2 % ** EQT Corp EQT.N: down 1.0%
BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 3.5%
BUZZ-Microsoft shares gyrate after Q1 report ** FireEye Inc FEYE.O: up 0.2%
BUZZ-FireEye: Rises on strong Q3 results, higher forecasts ** Caesars Entertainment Inc CZR.O: down 2.0%
BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.9% ** Chevron Corp CVX.N: down 3.5% ** TechnipFMC Plc FTI.N: down 5.1% ** Halliburton Co HAL.N: down 5.7% ** Diamondback Energy Inc FANG.O: down 6.7% ** Marathon Oil Corp MRO.N: down 5.7% ** Conocophillips COP.N: down 4.9% ** Apache Corp APA.O: down 5.9% ** Devon Energy Corp DVN.N: down 6.7% ** Callon Petroleum Co CPE.N: down 7.6% ** Occidental Petroleum Corp OXY.N: down 4.5% ** Phillips 66 PSX.N: down 3.5%
BUZZ-U.S. energy stocks fall as WTI slides on stock build, rising COVID-19 cases ** Fiverr International Ltd FVRR.N: up 4.0%
BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.3%
BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 3.5%
BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 4.4%
BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 8.7%
BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 15.5%
BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 1.4%
BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 2.3% ** JPMorgan Chase & Co JPM.N: down 1.9% ** Morgan Stanley MS.N: down 2.3% ** Bank of America Corp BAC.N: down 2.2% ** Wells Fargo & Co WFC.N: down 3.9% ** Citigroup Inc C.N: down 1.7% ** U.S Bancorp USB.N: down 1.9%
BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 4.4% ** Southwest Airlines Co LUV.N: down 4.6% ** Alaska Air Group Inc ALK.N: down 4.7% ** Delta Air Lines Inc DAL.N: down 4.9% ** American Airlines Group Inc AAL.O: down 4.1% ** Royal Caribbean Cruises Ltd RCL.N: down 3.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 5.7% ** Carnival Corp CCL.N: down 6.1% ** Hilton Worldwide Holdings Inc HLT.N: down 2.6% ** Hyatt Hotels Corp H.N: down 3.6% ** Mariott International Inc MAR.O: down 3.1% ** TripAdvisor Inc TRIP.O: down 4.5% ** Booking Holdings Inc BKNG.O: down 2.3% ** Expedia Group Inc EXPE.O: down 3.5%
BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 7.7%
BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 28.9%
BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 10.4%
Bed Bath & Beyond: Sinks as sales forecast fails to impress Street
** Advanced Micro Devices Inc AMD.O: down 2.9%
BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 4.4%
BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 10.2%
BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: up 0.1%
BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** ** MSCI Turkey ETF TUR.O: down 3.1%
BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.1%
BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 3.4%
BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Garmin Ltd GRMN.O: up 1.3%
BUZZ-Garmin: Rises on Q3 results beat, strong annual revenue forecast ** Mastercard Inc MA.N: down 6.3% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump
** Barrick Gold Corp GOLD.N: down 3.6% ** AngloGold Ashanti Ltd AU.N: down 4.7% ** Agnico Eagle Mines Ltd AEM.N: down 4.5% ** Franco-Nevada Corp FNV.V: !RIC {FNV.V} is invalid ** Gold Fields Ltd GFI.N: down 6.2%
BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 20.8%
BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 3.3%
BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 15.7%
BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** 3M Co : down 0.2%
BUZZ-Street View: N95 boost temporary, but 3M yet to recover in other segments
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 2.54%
Consumer Discretionary
.SPLRCD
down 2.03%
Consumer Staples
.SPLRCS
down 1.30%
Energy
.SPNY
down 3.53%
Financial
.SPSY
down 1.99%
Health
.SPXHC
down 1.87%
Industrial
.SPLRCI
down 1.50%
Information Technology
.SPLRCT
down 2.94%
Materials
.SPLRCM
down 2.24%
Real Estate
.SPLRCR
down 1.32%
Utilities
.SPLRCU
down 0.50%
(Compiled by Amruta Khandekar)
((Amruta.Khandekar@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** General Elec Co , up 8.7 % ** Automatic Data , up 6.9 % ** Trane Tchnlg Ord , up 5.2 % The top three S&P 500 .PL.INX percentage losers: ** Dexcom , down 9.3 % ** Akamai Tech Inc , down 7.9 % ** Ch Robinson Ww , down 6.8 % The top three NYSE .PG.N percentage gainers: ** Cmnty Hlth Sys , up 30.8 % ** Tupperware Brnds , up 28.9 % ** Systemax Inc , up 17.3 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 18 % ** Summit Materials , down 15.7 % ** Renren Inc Adr , down 15.1 % The top three Nasdaq .PG.O percentage gainers: ** Appld Uv Inc Ord , up 34.5 % ** Socket Moble Inc , up 24 % ** Scholar Rock Hld , up 18.5 % The top three Nasdaq .PL.O percentage losers: ** Akerna Corp , down 20.8 % ** Lrdstwn Mtrs Wnt , down 19.5 % ** Key Tronic Cp , down 16.2 % ** EQT Corp EQT.N: down 1.0% BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 3.5% BUZZ-Microsoft shares gyrate after Q1 report ** FireEye Inc FEYE.O: up 0.2% BUZZ-FireEye: Rises on strong Q3 results, higher forecasts ** Caesars Entertainment Inc CZR.O: down 2.0% BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.9% ** Chevron Corp CVX.N: down 3.5% ** TechnipFMC Plc FTI.N: down 5.1% ** Halliburton Co HAL.N: down 5.7% ** Diamondback Energy Inc FANG.O: down 6.7% ** Marathon Oil Corp MRO.N: down 5.7% ** Conocophillips COP.N: down 4.9% ** Apache Corp APA.O: down 5.9% ** Devon Energy Corp DVN.N: down 6.7% ** Callon Petroleum Co CPE.N: down 7.6% ** Occidental Petroleum Corp OXY.N: down 4.5% ** Phillips 66 PSX.N: down 3.5% BUZZ-U.S. energy stocks fall as WTI slides on stock build, rising COVID-19 cases ** Fiverr International Ltd FVRR.N: up 4.0% BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.3% BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 3.5% BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 4.4% BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 8.7% BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 15.5% BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 1.4% BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 2.3% ** JPMorgan Chase & Co JPM.N: down 1.9% ** Morgan Stanley MS.N: down 2.3% ** Bank of America Corp BAC.N: down 2.2% ** Wells Fargo & Co WFC.N: down 3.9% ** Citigroup Inc C.N: down 1.7% ** U.S Bancorp USB.N: down 1.9% BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 4.4% ** Southwest Airlines Co LUV.N: down 4.6% ** Alaska Air Group Inc ALK.N: down 4.7% ** Delta Air Lines Inc DAL.N: down 4.9% ** American Airlines Group Inc AAL.O: down 4.1% ** Royal Caribbean Cruises Ltd RCL.N: down 3.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 5.7% ** Carnival Corp CCL.N: down 6.1% ** Hilton Worldwide Holdings Inc HLT.N: down 2.6% ** Hyatt Hotels Corp H.N: down 3.6% ** Mariott International Inc MAR.O: down 3.1% ** TripAdvisor Inc TRIP.O: down 4.5% ** Booking Holdings Inc BKNG.O: down 2.3% ** Expedia Group Inc EXPE.O: down 3.5% BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 7.7% BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 28.9% BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 10.4% Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 2.9% BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 4.4% BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 10.2% BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: up 0.1% BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** ** MSCI Turkey ETF TUR.O: down 3.1% BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.1% BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 3.4% BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Garmin Ltd GRMN.O: up 1.3% BUZZ-Garmin: Rises on Q3 results beat, strong annual revenue forecast ** Mastercard Inc MA.N: down 6.3% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump ** Barrick Gold Corp GOLD.N: down 3.6% ** AngloGold Ashanti Ltd AU.N: down 4.7% ** Agnico Eagle Mines Ltd AEM.N: down 4.5% ** Franco-Nevada Corp FNV.V: !RIC {FNV.V} is invalid ** Gold Fields Ltd GFI.N: down 6.2% BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 20.8% BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 3.3% BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 15.7% BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** 3M Co : down 0.2% BUZZ-Street View: N95 boost temporary, but 3M yet to recover in other segments 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 main indexes slumped on Wednesday as a surge in coronavirus cases in the United States and Europe dashed hopes of a quick global economic recovery..N At 10:14 a.m. down 0.50% (Compiled by Amruta Khandekar) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** General Elec Co , up 8.7 % ** Automatic Data , up 6.9 % ** Trane Tchnlg Ord , up 5.2 % The top three S&P 500 .PL.INX percentage losers: ** Dexcom , down 9.3 % ** Akamai Tech Inc , down 7.9 % ** Ch Robinson Ww , down 6.8 % The top three NYSE .PG.N percentage gainers: ** Cmnty Hlth Sys , up 30.8 % ** Tupperware Brnds , up 28.9 % ** Systemax Inc , up 17.3 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 18 % ** Summit Materials , down 15.7 % ** Renren Inc Adr , down 15.1 % The top three Nasdaq .PG.O percentage gainers: ** Appld Uv Inc Ord , up 34.5 % ** Socket Moble Inc , up 24 % ** Scholar Rock Hld , up 18.5 % The top three Nasdaq .PL.O percentage losers: ** Akerna Corp , down 20.8 % ** Lrdstwn Mtrs Wnt , down 19.5 % ** Key Tronic Cp , down 16.2 % ** EQT Corp EQT.N: down 1.0% BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 3.5% BUZZ-Microsoft shares gyrate after Q1 report ** FireEye Inc FEYE.O: up 0.2% BUZZ-FireEye: Rises on strong Q3 results, higher forecasts ** Caesars Entertainment Inc CZR.O: down 2.0% BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.9% ** Chevron Corp CVX.N: down 3.5% ** TechnipFMC Plc FTI.N: down 5.1% ** Halliburton Co HAL.N: down 5.7% ** Diamondback Energy Inc FANG.O: down 6.7% ** Marathon Oil Corp MRO.N: down 5.7% ** Conocophillips COP.N: down 4.9% ** Apache Corp APA.O: down 5.9% ** Devon Energy Corp DVN.N: down 6.7% ** Callon Petroleum Co CPE.N: down 7.6% ** Occidental Petroleum Corp OXY.N: down 4.5% ** Phillips 66 PSX.N: down 3.5% BUZZ-U.S. energy stocks fall as WTI slides on stock build, rising COVID-19 cases ** Fiverr International Ltd FVRR.N: up 4.0% BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.3% BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 3.5% BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 4.4% BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 8.7% BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 15.5% BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 1.4% BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 2.3% ** JPMorgan Chase & Co JPM.N: down 1.9% ** Morgan Stanley MS.N: down 2.3% ** Bank of America Corp BAC.N: down 2.2% ** Wells Fargo & Co WFC.N: down 3.9% ** Citigroup Inc C.N: down 1.7% ** U.S Bancorp USB.N: down 1.9% BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 4.4% ** Southwest Airlines Co LUV.N: down 4.6% ** Alaska Air Group Inc ALK.N: down 4.7% ** Delta Air Lines Inc DAL.N: down 4.9% ** American Airlines Group Inc AAL.O: down 4.1% ** Royal Caribbean Cruises Ltd RCL.N: down 3.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 5.7% ** Carnival Corp CCL.N: down 6.1% ** Hilton Worldwide Holdings Inc HLT.N: down 2.6% ** Hyatt Hotels Corp H.N: down 3.6% ** Mariott International Inc MAR.O: down 3.1% ** TripAdvisor Inc TRIP.O: down 4.5% ** Booking Holdings Inc BKNG.O: down 2.3% ** Expedia Group Inc EXPE.O: down 3.5% BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 7.7% BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 28.9% BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 10.4% Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 2.9% BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 4.4% BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 10.2% BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: up 0.1% BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** ** MSCI Turkey ETF TUR.O: down 3.1% BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.1% BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 3.4% BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Garmin Ltd GRMN.O: up 1.3% BUZZ-Garmin: Rises on Q3 results beat, strong annual revenue forecast ** Mastercard Inc MA.N: down 6.3% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump ** Barrick Gold Corp GOLD.N: down 3.6% ** AngloGold Ashanti Ltd AU.N: down 4.7% ** Agnico Eagle Mines Ltd AEM.N: down 4.5% ** Franco-Nevada Corp FNV.V: !RIC {FNV.V} is invalid ** Gold Fields Ltd GFI.N: down 6.2% BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 20.8% BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 3.3% BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 15.7% BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** 3M Co : down 0.2% BUZZ-Street View: N95 boost temporary, but 3M yet to recover in other segments 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 main indexes slumped on Wednesday as a surge in coronavirus cases in the United States and Europe dashed hopes of a quick global economic recovery..N At 10:14 a.m. down 0.50% (Compiled by Amruta Khandekar) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** General Elec Co , up 8.7 % ** Automatic Data , up 6.9 % ** Trane Tchnlg Ord , up 5.2 % The top three S&P 500 .PL.INX percentage losers: ** Dexcom , down 9.3 % ** Akamai Tech Inc , down 7.9 % ** Ch Robinson Ww , down 6.8 % The top three NYSE .PG.N percentage gainers: ** Cmnty Hlth Sys , up 30.8 % ** Tupperware Brnds , up 28.9 % ** Systemax Inc , up 17.3 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 18 % ** Summit Materials , down 15.7 % ** Renren Inc Adr , down 15.1 % The top three Nasdaq .PG.O percentage gainers: ** Appld Uv Inc Ord , up 34.5 % ** Socket Moble Inc , up 24 % ** Scholar Rock Hld , up 18.5 % The top three Nasdaq .PL.O percentage losers: ** Akerna Corp , down 20.8 % ** Lrdstwn Mtrs Wnt , down 19.5 % ** Key Tronic Cp , down 16.2 % ** EQT Corp EQT.N: down 1.0% BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 3.5% BUZZ-Microsoft shares gyrate after Q1 report ** FireEye Inc FEYE.O: up 0.2% BUZZ-FireEye: Rises on strong Q3 results, higher forecasts ** Caesars Entertainment Inc CZR.O: down 2.0% BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.9% ** Chevron Corp CVX.N: down 3.5% ** TechnipFMC Plc FTI.N: down 5.1% ** Halliburton Co HAL.N: down 5.7% ** Diamondback Energy Inc FANG.O: down 6.7% ** Marathon Oil Corp MRO.N: down 5.7% ** Conocophillips COP.N: down 4.9% ** Apache Corp APA.O: down 5.9% ** Devon Energy Corp DVN.N: down 6.7% ** Callon Petroleum Co CPE.N: down 7.6% ** Occidental Petroleum Corp OXY.N: down 4.5% ** Phillips 66 PSX.N: down 3.5% BUZZ-U.S. energy stocks fall as WTI slides on stock build, rising COVID-19 cases ** Fiverr International Ltd FVRR.N: up 4.0% BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.3% BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 3.5% BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 4.4% BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 8.7% BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 15.5% BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 1.4% BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 2.3% ** JPMorgan Chase & Co JPM.N: down 1.9% ** Morgan Stanley MS.N: down 2.3% ** Bank of America Corp BAC.N: down 2.2% ** Wells Fargo & Co WFC.N: down 3.9% ** Citigroup Inc C.N: down 1.7% ** U.S Bancorp USB.N: down 1.9% BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 4.4% ** Southwest Airlines Co LUV.N: down 4.6% ** Alaska Air Group Inc ALK.N: down 4.7% ** Delta Air Lines Inc DAL.N: down 4.9% ** American Airlines Group Inc AAL.O: down 4.1% ** Royal Caribbean Cruises Ltd RCL.N: down 3.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 5.7% ** Carnival Corp CCL.N: down 6.1% ** Hilton Worldwide Holdings Inc HLT.N: down 2.6% ** Hyatt Hotels Corp H.N: down 3.6% ** Mariott International Inc MAR.O: down 3.1% ** TripAdvisor Inc TRIP.O: down 4.5% ** Booking Holdings Inc BKNG.O: down 2.3% ** Expedia Group Inc EXPE.O: down 3.5% BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 7.7% BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 28.9% BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 10.4% Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 2.9% BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 4.4% BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 10.2% BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: up 0.1% BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** ** MSCI Turkey ETF TUR.O: down 3.1% BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.1% BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 3.4% BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Garmin Ltd GRMN.O: up 1.3% BUZZ-Garmin: Rises on Q3 results beat, strong annual revenue forecast ** Mastercard Inc MA.N: down 6.3% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump ** Barrick Gold Corp GOLD.N: down 3.6% ** AngloGold Ashanti Ltd AU.N: down 4.7% ** Agnico Eagle Mines Ltd AEM.N: down 4.5% ** Franco-Nevada Corp FNV.V: !RIC {FNV.V} is invalid ** Gold Fields Ltd GFI.N: down 6.2% BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 20.8% BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 3.3% BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 15.7% BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** 3M Co : down 0.2% BUZZ-Street View: N95 boost temporary, but 3M yet to recover in other segments The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was down 2.19% at 26,862.64. down 2.54% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** General Elec Co , up 8.7 % ** Automatic Data , up 6.9 % ** Trane Tchnlg Ord , up 5.2 % The top three S&P 500 .PL.INX percentage losers: ** Dexcom , down 9.3 % ** Akamai Tech Inc , down 7.9 % ** Ch Robinson Ww , down 6.8 % The top three NYSE .PG.N percentage gainers: ** Cmnty Hlth Sys , up 30.8 % ** Tupperware Brnds , up 28.9 % ** Systemax Inc , up 17.3 % The top three NYSE .PL.N percentage losers: ** Callaway Golf , down 18 % ** Summit Materials , down 15.7 % ** Renren Inc Adr , down 15.1 % The top three Nasdaq .PG.O percentage gainers: ** Appld Uv Inc Ord , up 34.5 % ** Socket Moble Inc , up 24 % ** Scholar Rock Hld , up 18.5 % The top three Nasdaq .PL.O percentage losers: ** Akerna Corp , down 20.8 % ** Lrdstwn Mtrs Wnt , down 19.5 % ** Key Tronic Cp , down 16.2 % ** EQT Corp EQT.N: down 1.0% BUZZ-EQT: Down on plans to buy Chevron's Appalachia assets for $735 mln ** Microsoft Corp MSFT.O: down 3.5% BUZZ-Microsoft shares gyrate after Q1 report ** FireEye Inc FEYE.O: up 0.2% BUZZ-FireEye: Rises on strong Q3 results, higher forecasts ** Caesars Entertainment Inc CZR.O: down 2.0% BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.9% ** Chevron Corp CVX.N: down 3.5% ** TechnipFMC Plc FTI.N: down 5.1% ** Halliburton Co HAL.N: down 5.7% ** Diamondback Energy Inc FANG.O: down 6.7% ** Marathon Oil Corp MRO.N: down 5.7% ** Conocophillips COP.N: down 4.9% ** Apache Corp APA.O: down 5.9% ** Devon Energy Corp DVN.N: down 6.7% ** Callon Petroleum Co CPE.N: down 7.6% ** Occidental Petroleum Corp OXY.N: down 4.5% ** Phillips 66 PSX.N: down 3.5% BUZZ-U.S. energy stocks fall as WTI slides on stock build, rising COVID-19 cases ** Fiverr International Ltd FVRR.N: up 4.0% BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.3% BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 3.5% BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 4.4% BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 8.7% BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 15.5% BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 1.4% BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** Goldman Sachs Group Inc GS.N: down 2.3% ** JPMorgan Chase & Co JPM.N: down 1.9% ** Morgan Stanley MS.N: down 2.3% ** Bank of America Corp BAC.N: down 2.2% ** Wells Fargo & Co WFC.N: down 3.9% ** Citigroup Inc C.N: down 1.7% ** U.S Bancorp USB.N: down 1.9% BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 4.4% ** Southwest Airlines Co LUV.N: down 4.6% ** Alaska Air Group Inc ALK.N: down 4.7% ** Delta Air Lines Inc DAL.N: down 4.9% ** American Airlines Group Inc AAL.O: down 4.1% ** Royal Caribbean Cruises Ltd RCL.N: down 3.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 5.7% ** Carnival Corp CCL.N: down 6.1% ** Hilton Worldwide Holdings Inc HLT.N: down 2.6% ** Hyatt Hotels Corp H.N: down 3.6% ** Mariott International Inc MAR.O: down 3.1% ** TripAdvisor Inc TRIP.O: down 4.5% ** Booking Holdings Inc BKNG.O: down 2.3% ** Expedia Group Inc EXPE.O: down 3.5% BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 7.7% BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 28.9% BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 10.4% Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 2.9% BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal **Hess Corp HES.N: down 4.4% BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 10.2% BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: up 0.1% BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** ** MSCI Turkey ETF TUR.O: down 3.1% BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.1% BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit ** Omnicom Group Inc OMC.N: down 3.4% BUZZ-Omnicom: MoffettNathanson upgrades to "neutral" on growth prospects for 2021 ** Garmin Ltd GRMN.O: up 1.3% BUZZ-Garmin: Rises on Q3 results beat, strong annual revenue forecast ** Mastercard Inc MA.N: down 6.3% BUZZ-Mastercard: Set to open at 3-mth low on Q3 profit slump ** Barrick Gold Corp GOLD.N: down 3.6% ** AngloGold Ashanti Ltd AU.N: down 4.7% ** Agnico Eagle Mines Ltd AEM.N: down 4.5% ** Franco-Nevada Corp FNV.V: !RIC {FNV.V} is invalid ** Gold Fields Ltd GFI.N: down 6.2% BUZZ-Gold miners slip as stronger dollar hits bullion prices ** Akerna Corp KERN.O: down 20.8% BUZZ-Akerna Corp: Falls on $12 mln discounted offering ** Dine Brands Global Inc DIN.N: up 3.3% BUZZ-Dine Brands: Rises as quarterly earnings beat estimates ** Summit Materials Inc SUM.N: down 15.7% BUZZ-Summit Materials: Drops as low cement sales hit Q3 results ** 3M Co : down 0.2% BUZZ-Street View: N95 boost temporary, but 3M yet to recover in other segments 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 main indexes slumped on Wednesday as a surge in coronavirus cases in the United States and Europe dashed hopes of a quick global economic recovery..N At 10:14 a.m. ET, the Dow Jones Industrial Average .DJI was down 2.19% at 26,862.64.
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5092.0
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2020-10-28 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Travel stocks, Bunge, AMD, Hess Corp
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-travel-stocks-bunge-amd-hess-corp-2020-10-28
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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
U.S. stock index futures fell on Wednesday, as rising coronavirus cases globally triggered fears of lockdowns disrupting a nascent economic recovery, while concerns over a contested presidential election also weighed..N
At 8:49 a.m. ET, Dow e-minis 1YMc1 were down 1.96% at 26,828. S&P 500 e-minis ESc1 were down 1.99% at 3,315.75, while Nasdaq 100 e-minis NQc1 were down 1.67% at 11,394.5. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Tupperware Brnds , up 22.4% ** Nesco Holdng Inc , up 14.9% ** Civeo Corporatn , up 13.4% The top three NYSE percentage losers premarket .PRPL.NQ: ** Adient Plc , down 19.7% ** Summit Materials , down 12.4% ** Vectrus Inc , down 11.7% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Miragen Therapeutics Inc , up 125.0% ** US Well Services Inc , up 99.3% ** Applied Uv Inc , up 77.9% The top three Nasdaq percentage losers premarket .PRPL.O: ** Bel Fuse Inc , down 90.8% ** Neovasc Inc , down 41% ** Lifesci Acquisition Corp , down 19% ** EQT Corp EQT.N: down 2.5% premarket BUZZ-EQT slips after co announces acquisition of Chevron assets ** FireEye Inc FEYE.O: up 1.3% premarket BUZZ-FireEye Inc: Jumps on beat-and-raise quarter ** Caesars Entertainment Inc CZR.O: down 3.7% premarket BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.8% premarket
** Chevron Corp CVX.N: down 3.2% premarket ** TechnipFMC Plc FTI.N: down 5.1% premarket ** Halliburton Co HAL.N: down 4.3% premarket ** Diamondback Energy Inc FANG.O: down 4.8% premarket ** Marathon Oil Corp MRO.N: down 3.1% premarket ** Conocophillips COP.N: down 3.6% premarket ** Apache Corp APA.O: down 4.9% premarket ** Devon Energy Corp DVN.N: down 3.3% premarket ** Callon Petroleum Co CPE.N: down 4.1% premarket ** Occidental Petroleum Corp OXY.N: down 3.7% premarket ** Phillips 66 PSX.N: down 3.2% premarket BUZZ-U.S. energy stocks fall as WTI slides on stock build, rising COVID-19 cases
** Fiverr International Ltd FVRR.N: up 1.6% premarket BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.3% premarket BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 2.8% premarket BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 2.8% premarket BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 4.9% premarket BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 9.7% premarket BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 1.7% premarket BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** United Parcel Service Inc UPS.N: down 2.3% premarket BUZZ-United Parcel Service gains on strong Q3 earnings ** Goldman Sachs Group Inc GS.N: down 2.3% premarket ** JPMorgan Chase & Co JPM.N: down 2.3% premarket ** Morgan Stanley MS.N: down 2.4% premarket ** Bank of America Corp BAC.N: down 2.4% premarket ** Wells Fargo & Co WFC.N: down 2.4% premarket ** Citigroup Inc C.N: down 2.3% premarket ** U.S Bancorp USB.N: down 2.4% premarket BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 3.8% premarket ** Southwest Airlines Co LUV.N: down 3.5% premarket ** Alaska Air Group Inc ALK.N: down 3.4% premarket ** Delta Air Lines Inc DAL.N: down 3.5% premarket ** American Airlines Group Inc AAL.O: down 3.7% premarket ** Royal Caribbean Cruises Ltd RCL.N: down 5.6% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 6.0% premarket ** Carnival Corp CCL.N: down 5.4% premarket ** Hilton Worldwide Holdings Inc HLT.N: down 2.2% premarket ** Hyatt Hotels Corp H.N: down 1.9% premarket ** Mariott International Inc MAR.O: down 2.8% premarket ** TripAdvisor Inc TRIP.O: down 2.9% premarket ** Booking Holdings Inc BKNG.O: down 2.3% premarket ** Expedia Group Inc EXPE.O: down 2.7% premarket BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 7.7% premarket BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 22.4% premarket BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 12.4% premarket Bed Bath & Beyond: Sinks as sales forecast fails to impress Street
** Advanced Micro Devices Inc AMD.O: down 0.9% premarket BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal ** Hess Corp HES.N: down 2.8% premarket BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 9.9% premarket BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: up 1.9% premarket BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** MSCI Turkey ETF TUR.O: down 3.1% premarket BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.5% premarket BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit
(Compiled by Amruta Khandekar)
((Amruta.Khandekar@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Tupperware Brnds , up 22.4% ** Nesco Holdng Inc , up 14.9% ** Civeo Corporatn , up 13.4% The top three NYSE percentage losers premarket .PRPL.NQ: ** Adient Plc , down 19.7% ** Summit Materials , down 12.4% ** Vectrus Inc , down 11.7% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Miragen Therapeutics Inc , up 125.0% ** US Well Services Inc , up 99.3% ** Applied Uv Inc , up 77.9% The top three Nasdaq percentage losers premarket .PRPL.O: ** Bel Fuse Inc , down 90.8% ** Neovasc Inc , down 41% ** Lifesci Acquisition Corp , down 19% ** EQT Corp EQT.N: down 2.5% premarket BUZZ-EQT slips after co announces acquisition of Chevron assets ** FireEye Inc FEYE.O: up 1.3% premarket BUZZ-FireEye Inc: Jumps on beat-and-raise quarter ** Caesars Entertainment Inc CZR.O: down 3.7% premarket BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.8% premarket ** Chevron Corp CVX.N: down 3.2% premarket ** TechnipFMC Plc FTI.N: down 5.1% premarket ** Halliburton Co HAL.N: down 4.3% premarket ** Diamondback Energy Inc FANG.O: down 4.8% premarket ** Marathon Oil Corp MRO.N: down 3.1% premarket ** Conocophillips COP.N: down 3.6% premarket ** Apache Corp APA.O: down 4.9% premarket ** Devon Energy Corp DVN.N: down 3.3% premarket ** Callon Petroleum Co CPE.N: down 4.1% premarket ** Occidental Petroleum Corp OXY.N: down 3.7% premarket ** Phillips 66 PSX.N: down 3.2% premarket BUZZ-U.S. energy stocks fall as WTI slides on stock build, rising COVID-19 cases ** Fiverr International Ltd FVRR.N: up 1.6% premarket BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.3% premarket BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 2.8% premarket BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 2.8% premarket BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 4.9% premarket BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 9.7% premarket BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 1.7% premarket BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** United Parcel Service Inc UPS.N: down 2.3% premarket BUZZ-United Parcel Service gains on strong Q3 earnings ** Goldman Sachs Group Inc GS.N: down 2.3% premarket ** JPMorgan Chase & Co JPM.N: down 2.3% premarket ** Morgan Stanley MS.N: down 2.4% premarket ** Bank of America Corp BAC.N: down 2.4% premarket ** Wells Fargo & Co WFC.N: down 2.4% premarket ** Citigroup Inc C.N: down 2.3% premarket ** U.S Bancorp USB.N: down 2.4% premarket BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 3.8% premarket ** Southwest Airlines Co LUV.N: down 3.5% premarket ** Alaska Air Group Inc ALK.N: down 3.4% premarket ** Delta Air Lines Inc DAL.N: down 3.5% premarket ** American Airlines Group Inc AAL.O: down 3.7% premarket ** Royal Caribbean Cruises Ltd RCL.N: down 5.6% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 6.0% premarket ** Carnival Corp CCL.N: down 5.4% premarket ** Hilton Worldwide Holdings Inc HLT.N: down 2.2% premarket ** Hyatt Hotels Corp H.N: down 1.9% premarket ** Mariott International Inc MAR.O: down 2.8% premarket ** TripAdvisor Inc TRIP.O: down 2.9% premarket ** Booking Holdings Inc BKNG.O: down 2.3% premarket ** Expedia Group Inc EXPE.O: down 2.7% premarket BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 7.7% premarket BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 22.4% premarket BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 12.4% premarket Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 0.9% premarket BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal ** Hess Corp HES.N: down 2.8% premarket BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 9.9% premarket BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: up 1.9% premarket BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** MSCI Turkey ETF TUR.O: down 3.1% premarket BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.5% premarket BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit (Compiled by Amruta Khandekar) ((Amruta.Khandekar@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. 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. stock index futures fell on Wednesday, as rising coronavirus cases globally triggered fears of lockdowns disrupting a nascent economic recovery, while concerns over a contested presidential election also weighed..N At 8:49 a.m. ET, Dow e-minis 1YMc1 were down 1.96% at 26,828.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Tupperware Brnds , up 22.4% ** Nesco Holdng Inc , up 14.9% ** Civeo Corporatn , up 13.4% The top three NYSE percentage losers premarket .PRPL.NQ: ** Adient Plc , down 19.7% ** Summit Materials , down 12.4% ** Vectrus Inc , down 11.7% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Miragen Therapeutics Inc , up 125.0% ** US Well Services Inc , up 99.3% ** Applied Uv Inc , up 77.9% The top three Nasdaq percentage losers premarket .PRPL.O: ** Bel Fuse Inc , down 90.8% ** Neovasc Inc , down 41% ** Lifesci Acquisition Corp , down 19% ** EQT Corp EQT.N: down 2.5% premarket BUZZ-EQT slips after co announces acquisition of Chevron assets ** FireEye Inc FEYE.O: up 1.3% premarket BUZZ-FireEye Inc: Jumps on beat-and-raise quarter ** Caesars Entertainment Inc CZR.O: down 3.7% premarket BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.8% premarket ** Chevron Corp CVX.N: down 3.2% premarket ** TechnipFMC Plc FTI.N: down 5.1% premarket ** Halliburton Co HAL.N: down 4.3% premarket ** Diamondback Energy Inc FANG.O: down 4.8% premarket ** Marathon Oil Corp MRO.N: down 3.1% premarket ** Conocophillips COP.N: down 3.6% premarket ** Apache Corp APA.O: down 4.9% premarket ** Devon Energy Corp DVN.N: down 3.3% premarket ** Callon Petroleum Co CPE.N: down 4.1% premarket ** Occidental Petroleum Corp OXY.N: down 3.7% premarket ** Phillips 66 PSX.N: down 3.2% premarket BUZZ-U.S. energy stocks fall as WTI slides on stock build, rising COVID-19 cases ** Fiverr International Ltd FVRR.N: up 1.6% premarket BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.3% premarket BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 2.8% premarket BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 2.8% premarket BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 4.9% premarket BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 9.7% premarket BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 1.7% premarket BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** United Parcel Service Inc UPS.N: down 2.3% premarket BUZZ-United Parcel Service gains on strong Q3 earnings ** Goldman Sachs Group Inc GS.N: down 2.3% premarket ** JPMorgan Chase & Co JPM.N: down 2.3% premarket ** Morgan Stanley MS.N: down 2.4% premarket ** Bank of America Corp BAC.N: down 2.4% premarket ** Wells Fargo & Co WFC.N: down 2.4% premarket ** Citigroup Inc C.N: down 2.3% premarket ** U.S Bancorp USB.N: down 2.4% premarket BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 3.8% premarket ** Southwest Airlines Co LUV.N: down 3.5% premarket ** Alaska Air Group Inc ALK.N: down 3.4% premarket ** Delta Air Lines Inc DAL.N: down 3.5% premarket ** American Airlines Group Inc AAL.O: down 3.7% premarket ** Royal Caribbean Cruises Ltd RCL.N: down 5.6% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 6.0% premarket ** Carnival Corp CCL.N: down 5.4% premarket ** Hilton Worldwide Holdings Inc HLT.N: down 2.2% premarket ** Hyatt Hotels Corp H.N: down 1.9% premarket ** Mariott International Inc MAR.O: down 2.8% premarket ** TripAdvisor Inc TRIP.O: down 2.9% premarket ** Booking Holdings Inc BKNG.O: down 2.3% premarket ** Expedia Group Inc EXPE.O: down 2.7% premarket BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 7.7% premarket BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 22.4% premarket BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 12.4% premarket Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 0.9% premarket BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal ** Hess Corp HES.N: down 2.8% premarket BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 9.9% premarket BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: up 1.9% premarket BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** MSCI Turkey ETF TUR.O: down 3.1% premarket BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.5% premarket BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit (Compiled by Amruta Khandekar) ((Amruta.Khandekar@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. 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. stock index futures fell on Wednesday, as rising coronavirus cases globally triggered fears of lockdowns disrupting a nascent economic recovery, while concerns over a contested presidential election also weighed..N At 8:49 a.m. S&P 500 e-minis ESc1 were down 1.99% at 3,315.75, while Nasdaq 100 e-minis NQc1 were down 1.67% at 11,394.5.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Tupperware Brnds , up 22.4% ** Nesco Holdng Inc , up 14.9% ** Civeo Corporatn , up 13.4% The top three NYSE percentage losers premarket .PRPL.NQ: ** Adient Plc , down 19.7% ** Summit Materials , down 12.4% ** Vectrus Inc , down 11.7% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Miragen Therapeutics Inc , up 125.0% ** US Well Services Inc , up 99.3% ** Applied Uv Inc , up 77.9% The top three Nasdaq percentage losers premarket .PRPL.O: ** Bel Fuse Inc , down 90.8% ** Neovasc Inc , down 41% ** Lifesci Acquisition Corp , down 19% ** EQT Corp EQT.N: down 2.5% premarket BUZZ-EQT slips after co announces acquisition of Chevron assets ** FireEye Inc FEYE.O: up 1.3% premarket BUZZ-FireEye Inc: Jumps on beat-and-raise quarter ** Caesars Entertainment Inc CZR.O: down 3.7% premarket BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.8% premarket ** Chevron Corp CVX.N: down 3.2% premarket ** TechnipFMC Plc FTI.N: down 5.1% premarket ** Halliburton Co HAL.N: down 4.3% premarket ** Diamondback Energy Inc FANG.O: down 4.8% premarket ** Marathon Oil Corp MRO.N: down 3.1% premarket ** Conocophillips COP.N: down 3.6% premarket ** Apache Corp APA.O: down 4.9% premarket ** Devon Energy Corp DVN.N: down 3.3% premarket ** Callon Petroleum Co CPE.N: down 4.1% premarket ** Occidental Petroleum Corp OXY.N: down 3.7% premarket ** Phillips 66 PSX.N: down 3.2% premarket BUZZ-U.S. energy stocks fall as WTI slides on stock build, rising COVID-19 cases ** Fiverr International Ltd FVRR.N: up 1.6% premarket BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.3% premarket BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 2.8% premarket BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 2.8% premarket BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 4.9% premarket BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 9.7% premarket BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 1.7% premarket BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** United Parcel Service Inc UPS.N: down 2.3% premarket BUZZ-United Parcel Service gains on strong Q3 earnings ** Goldman Sachs Group Inc GS.N: down 2.3% premarket ** JPMorgan Chase & Co JPM.N: down 2.3% premarket ** Morgan Stanley MS.N: down 2.4% premarket ** Bank of America Corp BAC.N: down 2.4% premarket ** Wells Fargo & Co WFC.N: down 2.4% premarket ** Citigroup Inc C.N: down 2.3% premarket ** U.S Bancorp USB.N: down 2.4% premarket BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 3.8% premarket ** Southwest Airlines Co LUV.N: down 3.5% premarket ** Alaska Air Group Inc ALK.N: down 3.4% premarket ** Delta Air Lines Inc DAL.N: down 3.5% premarket ** American Airlines Group Inc AAL.O: down 3.7% premarket ** Royal Caribbean Cruises Ltd RCL.N: down 5.6% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 6.0% premarket ** Carnival Corp CCL.N: down 5.4% premarket ** Hilton Worldwide Holdings Inc HLT.N: down 2.2% premarket ** Hyatt Hotels Corp H.N: down 1.9% premarket ** Mariott International Inc MAR.O: down 2.8% premarket ** TripAdvisor Inc TRIP.O: down 2.9% premarket ** Booking Holdings Inc BKNG.O: down 2.3% premarket ** Expedia Group Inc EXPE.O: down 2.7% premarket BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 7.7% premarket BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 22.4% premarket BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 12.4% premarket Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 0.9% premarket BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal ** Hess Corp HES.N: down 2.8% premarket BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 9.9% premarket BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: up 1.9% premarket BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** MSCI Turkey ETF TUR.O: down 3.1% premarket BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.5% premarket BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit (Compiled by Amruta Khandekar) ((Amruta.Khandekar@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. ET, Dow e-minis 1YMc1 were down 1.96% at 26,828. S&P 500 e-minis ESc1 were down 1.99% at 3,315.75, while Nasdaq 100 e-minis NQc1 were down 1.67% at 11,394.5.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Tupperware Brnds , up 22.4% ** Nesco Holdng Inc , up 14.9% ** Civeo Corporatn , up 13.4% The top three NYSE percentage losers premarket .PRPL.NQ: ** Adient Plc , down 19.7% ** Summit Materials , down 12.4% ** Vectrus Inc , down 11.7% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Miragen Therapeutics Inc , up 125.0% ** US Well Services Inc , up 99.3% ** Applied Uv Inc , up 77.9% The top three Nasdaq percentage losers premarket .PRPL.O: ** Bel Fuse Inc , down 90.8% ** Neovasc Inc , down 41% ** Lifesci Acquisition Corp , down 19% ** EQT Corp EQT.N: down 2.5% premarket BUZZ-EQT slips after co announces acquisition of Chevron assets ** FireEye Inc FEYE.O: up 1.3% premarket BUZZ-FireEye Inc: Jumps on beat-and-raise quarter ** Caesars Entertainment Inc CZR.O: down 3.7% premarket BUZZ-Caesars Entertainment to sell Tropicana Evansville operations for $480 mln ** ExxonMobil Corp XOM.N: down 2.8% premarket ** Chevron Corp CVX.N: down 3.2% premarket ** TechnipFMC Plc FTI.N: down 5.1% premarket ** Halliburton Co HAL.N: down 4.3% premarket ** Diamondback Energy Inc FANG.O: down 4.8% premarket ** Marathon Oil Corp MRO.N: down 3.1% premarket ** Conocophillips COP.N: down 3.6% premarket ** Apache Corp APA.O: down 4.9% premarket ** Devon Energy Corp DVN.N: down 3.3% premarket ** Callon Petroleum Co CPE.N: down 4.1% premarket ** Occidental Petroleum Corp OXY.N: down 3.7% premarket ** Phillips 66 PSX.N: down 3.2% premarket BUZZ-U.S. energy stocks fall as WTI slides on stock build, rising COVID-19 cases ** Fiverr International Ltd FVRR.N: up 1.6% premarket BUZZ-Fiverr International: Jumps on third-quarter revenue beat ** Merck & Co Inc MRK.N: down 1.3% premarket BUZZ-Street View: Keytruda still represents growth pillar for Merck ** Microsoft Corp MSFT.O: down 2.8% premarket BUZZ-Street View: Microsoft likely on track for solid growth ahead ** Lyft Inc < LYFT.O>: down 2.8% premarket BUZZ-Lyft: Cowen & Co cuts PT ahead of Q3 earnings ** General Electric Co GE.N: up 4.9% premarket BUZZ-GE: Shares rise on smaller Q3 loss ** First Solar Inc FSLR.O: up 9.7% premarket BUZZ-First Solar jumps after strong Q3, upbeat forecast; JP Morgan hikes PT ** Intel Corp INTC.O: down 1.7% premarket BUZZ-Intel: Falls; brokerage lowers PT after AMD-Xilinx deal ** United Parcel Service Inc UPS.N: down 2.3% premarket BUZZ-United Parcel Service gains on strong Q3 earnings ** Goldman Sachs Group Inc GS.N: down 2.3% premarket ** JPMorgan Chase & Co JPM.N: down 2.3% premarket ** Morgan Stanley MS.N: down 2.4% premarket ** Bank of America Corp BAC.N: down 2.4% premarket ** Wells Fargo & Co WFC.N: down 2.4% premarket ** Citigroup Inc C.N: down 2.3% premarket ** U.S Bancorp USB.N: down 2.4% premarket BUZZ-U.S. bank shares slide; Treasury yields dip on virus jitters ** Spirit Airlines Inc SAVE.N: down 3.8% premarket ** Southwest Airlines Co LUV.N: down 3.5% premarket ** Alaska Air Group Inc ALK.N: down 3.4% premarket ** Delta Air Lines Inc DAL.N: down 3.5% premarket ** American Airlines Group Inc AAL.O: down 3.7% premarket ** Royal Caribbean Cruises Ltd RCL.N: down 5.6% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 6.0% premarket ** Carnival Corp CCL.N: down 5.4% premarket ** Hilton Worldwide Holdings Inc HLT.N: down 2.2% premarket ** Hyatt Hotels Corp H.N: down 1.9% premarket ** Mariott International Inc MAR.O: down 2.8% premarket ** TripAdvisor Inc TRIP.O: down 2.9% premarket ** Booking Holdings Inc BKNG.O: down 2.3% premarket ** Expedia Group Inc EXPE.O: down 2.7% premarket BUZZ-Travel stocks tumble on fears of more COVID-19 lockdowns ** Bunge Ltd BG.N: up 7.7% premarket BUZZ-Bunge Ltd: Surges on Q3 revenue beat ** Tupperware Brands Corp TUP.N: up 22.4% premarket BUZZ-Tupperware Brands: Gains as quarterly sales jump ** Bed Bath & Beyond Inc BBBY.O: down 12.4% premarket Bed Bath & Beyond: Sinks as sales forecast fails to impress Street ** Advanced Micro Devices Inc AMD.O: down 0.9% premarket BUZZ-Street View: AMD unlocks expanded market opportunity with Xilinx deal ** Hess Corp HES.N: down 2.8% premarket BUZZ-Hess: Falls on wider-than-expected Q3 loss, cuts FY production outlook ** Six Flags Entertainment Corp SIX.N: down 9.9% premarket BUZZ-Six Flags Entertainment: Drops after revenue misses estimates ** Ryder System Inc R.N: up 1.9% premarket BUZZ-Ryder System: set for 9-mth high on surprise Q3 profit ** MSCI Turkey ETF TUR.O: down 3.1% premarket BUZZ-Turkey-focused ETF drops; lira hits record low as traders' bearishness grows ** Deutsche Bank AG DB.N: down 0.5% premarket BUZZ-Deutsche Bank's U.S. shares rise on surprise Q3 net profit (Compiled by Amruta Khandekar) ((Amruta.Khandekar@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. 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. stock index futures fell on Wednesday, as rising coronavirus cases globally triggered fears of lockdowns disrupting a nascent economic recovery, while concerns over a contested presidential election also weighed..N At 8:49 a.m. ET, Dow e-minis 1YMc1 were down 1.96% at 26,828.
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5093.0
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2020-10-28 00:00:00 UTC
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Pre-Market Most Active for Oct 28, 2020 : GE, AAL, NEE^O, NIO, SQQQ, EQT, AMD, AAPL, BA, ERIC, CCL, BBBY
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-oct-28-2020-%3A-ge-aal-nee%5Eo-nio-sqqq-eqt-amd-aapl-ba-eric-ccl
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The NASDAQ 100 Pre-Market Indicator is down -165.92 to 11,433.03. The total Pre-Market volume is currently 15,484,190 shares traded.
The following are the most active stocks for the pre-market session:
General Electric Company (GE) is +0.48 at $7.58, with 7,444,040 shares traded. Reuters Reports: BUZZ-U.S. STOCKS ON THE MOVE-EQT, Fiverr, First Solar, oil stocks
American Airlines Group, Inc. (AAL) is -0.37 at $10.86, with 2,123,940 shares traded. AAL's current last sale is 108.6% of the target price of $10.
NextEra Energy, Inc. (NEE^O) is -0.1168 at $58.45, with 1,656,869 shares traded.
NIO Inc. (NIO) is -0.78 at $27.66, with 1,234,996 shares traded. NIO's current last sale is 127.17% of the target price of $21.75.
ProShares UltraPro Short QQQ (SQQQ) is +0.86 at $22.92, with 1,203,862 shares traded. This represents a 20.95% increase from its 52 Week Low.
EQT Corporation (EQT) is -0.36 at $15.80, with 875,167 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $-0.02. As reported by Zacks, the current mean recommendation for EQT is in the "buy range".
Advanced Micro Devices, Inc. (AMD) is -0.59 at $78.29, with 821,646 shares traded. AMD's current last sale is 107.25% of the target price of $73.
Apple Inc. (AAPL) is -1.61 at $114.99, with 809,769 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020. The consensus EPS forecast is $0.69. AAPL is scheduled to provide an earnings report on 10/29/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is 0.69 per share, which represents a 76 percent increase over the EPS one Year Ago
Boeing Company (The) (BA) is -0.14 at $155.10, with 770,549 shares traded. Reuters Reports: Boeing posts fourth straight quarterly loss as sales slump
Ericsson (ERIC) is -0.39 at $11.39, with 752,700 shares traded. As reported by Zacks, the current mean recommendation for ERIC is in the "buy range".
Carnival Corporation (CCL) is -0.66 at $13.10, with 721,624 shares traded. CCL's current last sale is 84.52% of the target price of $15.5.
Bed Bath & Beyond Inc. (BBBY) is -3.61 at $20.40, with 572,212 shares traded. Over the last four weeks they have had 8 up revisions for the earnings forecast, for the fiscal quarter ending Nov 2020. The consensus EPS forecast is $0.12. BBBY's current last sale is 97.14% of the target price of $21.
The views and 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 -0.37 at $10.86, with 2,123,940 shares traded. AAL's current last sale is 108.6% of the target price of $10. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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American Airlines Group, Inc. (AAL) is -0.37 at $10.86, with 2,123,940 shares traded. AAL's current last sale is 108.6% of the target price of $10. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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American Airlines Group, Inc. (AAL) is -0.37 at $10.86, with 2,123,940 shares traded. AAL's current last sale is 108.6% of the target price of $10. The total Pre-Market volume is currently 15,484,190 shares traded.
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AAL's current last sale is 108.6% of the target price of $10. American Airlines Group, Inc. (AAL) is -0.37 at $10.86, with 2,123,940 shares traded. The NASDAQ 100 Pre-Market Indicator is down -165.92 to 11,433.03.
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5094.0
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2020-10-27 00:00:00 UTC
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American Airlines (AAL) Stock Still Worth $18, Says Analyst
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-stock-still-worth-%2418-says-analyst-2020-10-27
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Back in April, Deutsche Bank analyst Michael Linenberg forecast that by 4Q20, American Airlines (AAL) will be will generating 65% of 4Q19’s revenue – i.e. a year-over-year revenue decline of 35%. But making any forward predictions in 2020 has been a thankless task, as Linenberg now admits: “What did we really know in April as we were attempting to make a fair assessment of the industry at the depths of the downturn?”
Since then it has become clear that this target was too optimistic. Linenberg now expects December quarter revenue to contract by as much as 65%.
Although the figure is a significant improvement on the September quarter’s 73% year-over-year downturn and better still on the June quarter’s 86% decline, it is still far below the original April estimation.
It’s not as if AAL is unique in this respect. Linenberg estimates the slow revenue recovery will result in most airlines only achieving break even cash flow by 2021, and American, specifically, by the June quarter.
That said, Linenberg notes the “fundamentals continue to improve.” It is notable too that the daily cash burn rate is getting steadily reduced. From $58 million in the June quarter to $43 million in the September quarter, and estimated to be between $25 - $30 million in the current quarter.
And while Linenberg acknowledges the risks at play, the analyst believes it all bodes well for when consumers are ready to confidently travel once again.
“The improvement in cash burn combined with a record level of liquidity ($15.6 billion, which includes the full amount available under the CARES Act Loan Program) gives us a confidence that not only will American be able to ride out the downturn, but is well-positioned to participate in the recovery once demand bounces back,” Linenberg said. “
"We are reiterating our Buy rating on American's shares, but acknowledge the fact that the company is the most financially leveraged name in our coverage universe (net debt of $33 billion at September quarter-end). That said, and combined with the company's operating leverage, we would expect AAL's shares to outperform once an industry recovery gains momentum,” the analyst concluded.
The Buy rating is accompanied by an $18 price target, implying shares will rise by 60% over the next 12 months. (To watch Linenberg’s track record, click here)
The rest of the Street, however, is not as optimistic. Based on 2 Buys, 1 Hold and 4 Sells, the stock has a Moderate Sell consensus rating. At $9.33, the average price target suggests shares will drop by another 17% over the next 12 months. (See AAL stock analysis on TipRanks)
To find good ideas for 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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Back in April, Deutsche Bank analyst Michael Linenberg forecast that by 4Q20, American Airlines (AAL) will be will generating 65% of 4Q19’s revenue – i.e. a year-over-year revenue decline of 35%. It’s not as if AAL is unique in this respect. That said, and combined with the company's operating leverage, we would expect AAL's shares to outperform once an industry recovery gains momentum,” the analyst concluded.
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Back in April, Deutsche Bank analyst Michael Linenberg forecast that by 4Q20, American Airlines (AAL) will be will generating 65% of 4Q19’s revenue – i.e. a year-over-year revenue decline of 35%. It’s not as if AAL is unique in this respect. That said, and combined with the company's operating leverage, we would expect AAL's shares to outperform once an industry recovery gains momentum,” the analyst concluded.
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Back in April, Deutsche Bank analyst Michael Linenberg forecast that by 4Q20, American Airlines (AAL) will be will generating 65% of 4Q19’s revenue – i.e. a year-over-year revenue decline of 35%. (See AAL stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. It’s not as if AAL is unique in this respect.
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Back in April, Deutsche Bank analyst Michael Linenberg forecast that by 4Q20, American Airlines (AAL) will be will generating 65% of 4Q19’s revenue – i.e. a year-over-year revenue decline of 35%. It’s not as if AAL is unique in this respect. That said, and combined with the company's operating leverage, we would expect AAL's shares to outperform once an industry recovery gains momentum,” the analyst concluded.
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5095.0
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2020-10-27 00:00:00 UTC
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A Look at Intel, Netflix, Tesla, and More
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AAL
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https://www.nasdaq.com/articles/a-look-at-intel-netflix-tesla-and-more-2020-10-27
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nan
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In this episode of Motley Fool Money, Chris Hill chats with Motley Fool analysts Jason Moser and Ron Gross about the latest headlines and earning reports from Wall Street. They talk about dividends. They discuss why two big tech stocks are down, the slowdown in subscriber growth numbers at a popular streaming service, and the shutdown of Quibi. They also bring updates on automobile, airline, restaurant, consumer goods, and food and beverage stocks. They share some stocks to put on your watch list and much more.
Also, Chris chats with Nell Minow, a film critic known as The Movie Mom, about the state of the entertainment industry and updates on TV and movie production pipelines.
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.
10 stocks we like better than Intel
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and Intel 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 October 20, 2020
This video was recorded on October 23, 2020.
Chris Hill: We begin with a couple big names in technology both down around 10% this week. Intel's (NASDAQ: INTC) data center business was weak in the third quarter and that brought the stock down on Friday. You tell me, Jason, how bad is this?
Jason Moser: Well, I mean, it could be worse, it's obviously not been a very good year to-date for Intel. Their transition from being a PC-based company to becoming a data-centric company is certainly presenting its fair share of challenges. Now with that said, as much pessimism that is out there right now, there could actually be a value play developing here for you value investors out there. So, Ron, take note.
Ron Gross: [laughs] I got my pen.
Moser: As you mentioned, Chris, data-centric revenue $8.5 billion; that was down 10% from a year ago. And they attributed a lot of that to COVID-related weaknesses. PC-centric revenue was basically flat; nothing really to write home about. But the thing is, if you go back just a quarter ago to July, they recorded 34% growth in the data-centric side of the business, PC-centric grew 7%. So, clearly, they're running into some headwinds there. They're seeing some weakness in the Internet of Things department there. Revenue fell 33%, operating income down 80%. Again, they're attributing all of this related to COVID-related demand. And there's something to that, but remember they also remain behind the pack on that 7nm chip, pushing that farther and farther out. And so, I think that you've got this sort of confluence of events here where there's potentially going to be more consolidation in the space. You've got Nvidia and Arm merging. Rumors floating around of a potential tie between AMD and Xilinx. They're going through a rough stretch, but again, I think this is temporary, it seems like a timing thing. It's a big company with a lot of capabilities, so they're down but I wouldn't count them out yet.
Hill: Shares of Netflix (NASDAQ: NFLX) are up more than 200% over the past year, but they gave some of that back this week. Third quarter profits came in lower than expected and subscriber growth for Netflix was the weakest in four years. Not great, Ron, but they seem like they're in better shape than Intel; and yes, I get that they're completely different businesses.
Gross: [laughs] Completely different. For Netflix, it's all about that ability to maintain growth, especially when you're trading at 55X earnings. So, they ended just 2.2 million new subscribers in the third quarter; that's down 80% from the second quarter. Now, I don't think people should be surprised, because they told investors that the COVID boost of the second quarter was not going to follow through. So, the fact that it was down is not surprising. Revenue is still up 23%. Earnings per share still up 18%. The company continues to do really well, both internationally and domestically. Restarting content production is going to kind of ramp up the cost, that's going to bite into cash flow, free cash flow could be negative actually, as things start to ramp up but it's essential to ramp those up, because they've got to continue to produce original pieces of content to keep people coming in the doors. Pricing power still remains, it's still a relatively good bargain in my opinion, but competition is severe as more and more streaming services continue to, kind of, gain share, including folks like Disney+.
So, I think Netflix is fine, I don't think it should have been a surprise that we saw subscriber growth come down. The stock is still up [laughs] 50% this year alone. So, I think everything remains on track.
Hill: I agree with you about their pricing power, but you don't think they're thinking about raising that subscription price anytime soon, do you?
Gross: I think that would be a mistake in this current environment, certainly there will be future price increases down the road. I wouldn't expect to see it, let's call it, within a year or even perhaps even longer. I think they'll sit at this price for now, but I do think, if they can continue to produce compelling content that folks really want to see, like, Stranger Things or whatever your favorite show is, that the pricing power does still exist.
Hill: For the fifth quarter in a row Tesla (NASDAQ: TSLA) reported a profit, third quarter revenue came in at $8.8 billion, higher than Wall Street was expecting. And Jason, once again, no real fireworks on the conference call from Elon Musk.
Moser: [laughs] No, but I'll tell you, Tesla and politics, man! This stuff, it gets people worked up, doesn't it? The core business of Tesla, they sell cars, it really is pretty simple, yet the drama really always takes center stage in regard to what Elon Musk may have said or promises [laughs] he may have made. I think the question for investors that comes out of this quarter, and I don't have a dog in this hunt, so to speak, but I think the question really, kind of, is revolving around regulatory credits and how important they are for this company. Because as they chalk up these profitable quarters, it's important to note that there is a regulatory credit aspect, the dynamic to that profitability, so that shouldn't be a surprise. I mean, that's how you incentivize the push, this big push toward electric vehicles, right? They're just playing with the rules that they've been given.
But if you look at the numbers, they've taken advantage of about $1.2 billion in credits this year versus about $460 million at the same time a year ago. Again, I don't hold that against them, it just is what it is, so to speak. But if you look at the numbers, they produced just over 145,000 vehicles, delivered nearly a 140,000. They remain steadfast in their belief they can hit that 500,000 vehicle target by the end of the year, delivering 500,000 vehicles by the end of the year, that's a stretch goal for sure. I mean, they're going to have to bring about 180,000 deliveries this quarter, this final quarter of the year. But we know that Musk likes to aim high, and I certainly don't fault him for that, they're in good shape from a capital position right now with that recent raise. Balance sheet now has $14.5 billion or so. So, I think all in all it's a company that just keeps on doing the right things and it's working out for them.
Hill: Shares of Southwest Airlines (NYSE: LUV) up this week, despite the fact that its loss in the third quarter was the biggest loss Southwest has ever posted. Ron, why the optimism? [laughs]
Gross: [laughs] You know, better than expected results, I would say, hopes for government stimulus, and perhaps some light at the end of the tunnel, if we look at maybe a year, [laughs] maybe even two years. But this quarter, obviously, it just remains brutal, kind of, across the whole sector. Revenue down 68%; operating revenue per average seat miles, [Revenue per Available Seat Mile] (sic) which is a common metric in the industry, RASM, often discussed, down 53%. So, you know, they lost over $1 billion, around $1.2 billion. Not much they really can do here, but they are taking some steps. They're seeing some modest improvement in leisure passenger traffic.
Business, I think, is going to take longer. We saw United, American make comments about how business travel is going to take longer to come back. Everything is going to come back rather slowly. CEO Gary Kelly of Southwest said that until there's a widely available vaccine, they expect passenger traffic and booking trends to "remain fragile." [laughs] So, there is an operating metric for you, remaining fragile.
They got their daily cash burn down to $12 million; I can't believe we're saying, you know, that's a pretty good situation, only burning $12 million a day. They expect that to continue into October. Listen, I think additional government stimulus would really help bridge the gap from here to where we hope they eventually will get. I assume we'll see something, timing, who knows. But you know, they're making moves, they're cutting costs, they're cutting, unfortunately, employees and furloughing folks when they need to. They're entering new markets. They entered nine new airports in recent months, including Miami, Chicago, O'Hare, Houston.
Balance sheet is fine, $15 billion-ish in cash, only $10 billion or $11 billion in debt. I'm not worried about them with respect to something like a Chapter 11, but it's going to take a while for business to come back for sure.
Hill: Well, and one more silver lining, not just for Southwest, but all the airlines is that, for all of the spread of the coronavirus that we've seen, the airlines have done well in that regard. We're seeing relatively few cases connected to air travel.
Gross: Agreed. The movement of the air, the filtration systems are quite good. The mandating of masks certainly helps. We see Southwest just announced that they will go back to selling middle seats starting on December 1st. I think that's largely a result of what you just said that it seems that air passenger travel is relatively safe and they feel comfortable that they can do that without harming passengers.
Hill: Shares of Chipotle (NYSE: CMG) went down this week, despite a third quarter that most restaurants would kill for. Profits and revenue came in higher than expected, digital sales tripled, Jason, come on!
Moser: This is a strong quarter. I mean, think about the story, though. This is a company, this is a restaurant that went from, they couldn't keep from getting people sick in the good times, to a restaurant that is really one of the best operators in the space during a pandemic. [laughs] It's been a phenomenal, phenomenal turn of events. So, hats off to CEO Brian Niccol, because I think he's really done a wonderful job with the business. I think the selling really comes on valuation more than anything else, and one of the concerns in regard to delivery.
The stock itself is trading over [laughs] 120X full-year earnings estimates. It's still a restaurant, they're just slinging burritos, Chris, it's not rocket science; we got to just keep that in mind. I'm a shareholder, so I'm happy about that.
You mentioned digital sales, revenue was up 14%; digital sales were up 202%, accounting for almost half of total sales for the quarter. They have 17 million loyalty program members now versus 7 million a year ago. And to that point on delivery, it is a really big part of this business now. They mentioned it 45 times on theearnings callthis week. And the problem is that it's the delivery service revenue in what they are collecting versus what they're having to shell out. And they mentioned it. They said the amount that we remit to our delivery partner for sales through our app and website is higher than what we collect from customers. So, it's good in that it's helping drive that topline growth and selling food, but it is coming in a little bit of a cost that's crimping margins.
With that said, remember that with 2021 just around the corner here, you're looking at around $10 in earnings estimates for this year, that number is projected to double for 2021. So, assuming we get through this pandemic and things look better in 2021, there could be some pent-up demand, there's some coiled-spring earnings power coming this way for Chipotle.
Gross: More importantly, have they gotten their queso act together yet finally, is the Queso Blanco here to stay?
Moser: [laughs] I can't say that I've never tried it, Ron, I'm sorry to admit, but the guacamole is just so good; I always have to get the guacamole.
Hill: Procter & Gamble (NYSE: PG) sales in the first quarter rose 9%. The company raised revenue guidance for the full fiscal year, and shares of the household goods giant hitting an all-time high this week, Ron.
Gross: Definitely one of those companies that have been the beneficiary of COVID. You know, it's hard to say that, [laughs] but you know, the stay at home, the be safe, all of us hunkering down, really, is just accruing to, both, their top- and bottom-line. As you said, sales are up 9%. That's pretty strong for a company like Procter & Gamble. Strong demand for home, health hygiene products, not surprising, that's where I would have expected it to come from. Homecare was their strongest segment, up 14%; that's a very big number. Baby and family care, I guess, people are neglecting their babies nowadays, that was the weakest segment, only up 3%, but still up. So, certainly no signs of actual weakness to any major extent.
Gross margins and operating margins both widened, so that really gives you a boost on the bottom-line. So, earnings per share were up 20%. Raised outlook. Sales growth expected to be 3% to 4%. Earnings growth of 4% to 9%. They returned $4 billion to shareholders; $2 billion of dividend payments, $2 billion in common stock repurchases. Things are going really well for Procter & Gamble. I don't think this continues into perpetuity, this is not a new Procter & Gamble, but they'll continue to benefit from the pandemic for a while.
Hill: Well, we were talking earlier in the show about Netflix having pricing power, and you know, Procter & Gamble, they sell basic household items, they've got pricing power too and it showed up in this quarter.
Gross: Yeah, for sure. Especially for things that people are clamoring for, which are those hygiene products, those household products, there is some room there to make a few more pennies here-and-there, and that's why you see the margins improve, which is profit that falls right down to the bottom-line.
Hill: Shares of Boston Beer (NYSE: SAM) also hitting a new all-time high this week. Strong third quarter results fueled, once again, Jason, by sales of hard seltzer. We've seen this for a while now, the beer sales, the Samuel Adams sales falling a little bit, but the hard seltzer really making up for it.
Gross: Yeah, you're right. I mean, talk about a business that's really flourishing during what's a tough time for a lot of other businesses. Boston Beer is really, really doing well here. And it's in the face of, as you noted, a beer business that's really continuing to suffer. And I actually don't know how relevant beer is going to be to this company five years from now, which is ironic given its name, of course, but I don't think that ultimately is really a problem. I mean, this is just turning into a beverage company at the end of the day.
Depletions up 36%. Remember that sales from distributors to retailers. You know, it wasn't all that long ago where depletions, we were talking about negative numbers. So, they really turned this thing around. And part of that is due to that Dogfish Head acquisition; that's helpful. A lot of it, though, has to do with, like you mentioned, the seltzer and the other beverages that they're rolling out. And talking about other beverages, they're bringing some new ideas to the table in 2021, things like Truly Iced Tea Hard Seltzer; Samuel Adams' Just The Haze, which is going to be a nonalcoholic beer; Dogfish Head's scratch-made canned cocktails; and Angry Orchard hard fruit cider. So, as you can see there, not a whole lot of beer, but a lot of other stuff, and it's really helping this business grow.
Now, I don't know that I'd put the stock at the top of my list given the valuation, it's still trading around 65X trailing earnings now, 72X full-year estimates, but it's a wonderful business. And for those who own the stock, I think it's a wonderful one to keep holding, probably not a buy at this price today, but a good business nonetheless.
Hill: Is there any risks there of expanding their brand portfolio too quickly?
Moser: Yeah, I think that definitely that risk definitely exists. I mean, you've always got to be aware of execution risk. And you've seen other larger players in the space, whether it's Diageo or Constellation, they get to a point where they get bloated and they start paring back that portfolio, selling off some brands, so there is something to be said for taking it slow in that regard.
Hill: Speaking of getting rid of brands, mixed results for Coca-Cola's (NYSE: KO) third quarter. Profits were higher than expected, but overall revenue dropped 9%. Ron, I feel like with the metrics that Coca-Cola is putting up, they're seeing improvement, but they're not out of the woods yet.
Gross: Perfectly stated. These are better than expected results, but they're still not great, the partial reopening of theaters and restaurants certainly has helped them, because that's a big part of their business. But net revenues are down 9%. Global unit case volume trends are improving as things start to open, but they are still down 4%, so still ways to go there. Elevated levels of sales in the at-home channel more than offset by the pressure in the away-from-home channels, as they call.
Coke generates about half of its revenue from selling its soft drinks at public venues, so when things are closed, there's nothing they can do about it except absorb the pain. They saw some margin improvement. They did a nice job controlling costs, which is definitely what you want to see when times are tough. So, adjusted earnings down only 2%, I say only still down, but not terrible. Management thinks increasing COVID cases, Winter months could actually lead to a further slowing, so we're not out of the woods, and in fact the woods may be getting a little darker again at some point.
Interestingly, as you said, they're going to cut a number of brands. They're going to cut their brands by half to about 200, so they're going to cut about 200, they'll be left with about 200. They're going to phase out some of your favorites, Jason, I know, Zico coconut water, and we talked about Tab last week. Diet Coke Feisty Cherry, how about that, I don't know, I'm not a fan of that, but I think that's smart; they got bloated, they have to rationalize their brands, definitely too many of them, focus on what's working and get rid of what's not.
Hill: All right. Ron Gross, Jason Moser, guys, we'll see you later in the show.
Nell Minow is the Vice Chair of ValueEdge Advisors, she's also the film critic known as The Movie Mom. She joins me now. Nell, thanks for being here.
Nell Minow: Always a pleasure.
Hill: I want to start with essentially the industry that is corporate governance, because during the pandemic, we've seen a lot of industries undergo a lot of change, some of it is good. Certainly, workplace collaboration businesses have been thriving during the pandemic. At the other end of the spectrum, the restaurant industry is really hurting. Has corporate governance improved during the pandemic, has it stayed the same, or has it gotten worse?
Minow: It's continues to be bad, but it's bad in slightly different ways than it had been. You know, when we had the big market correction in March, I started getting a flood of emails saying, you know, should we reprice options, what are we going to do to protect our executives? And of course, my view is, we're not in business to protect them, we're in business for them to have their interests aligned with those of investors. And that has not necessarily been the case. So, some companies have been responsive, but not very effectively.
Companies have tweeted, we talked about this before, they tweeted about how much they support Black Lives Matter, and people have tweeted back to them, could we see a picture of your Board of Directors? You know, what is actually behind that? While there are some business leaders that are calling for tying CEO pay to Paris Agreement climate goals or to diversity, I think you're going to hear a lot more discussion of that as we start to get, as I've said before, not back to normal, but back to better. So, you're going to see investors expecting a lot of changes.
And in the world of government regulation, corporate governance has gotten much, much worse with the shoving out the door of two rules at the SEC and two at the Labor Department that have been on the wish list of the Chamber of Commerce and the Business Roundtable for a long time, the shareholders are very unhappy about.
Hill: Let's move to the movie industry, and specifically, the movie theaters. We've seen, over the past six months, the biggest theater chains in the world, AMC (NYSE: AMC), Cineworld, Cinemark, all of their stocks are down big for all of the obvious reasons. How big is the threat right now to the movie theater industry?
Minow: It's a pretty existential threat. The best thing that I can say about the movie industry is that, while we certainly have enjoyed a [laughs] wonderful world of movies being streamed straight to us, most recently Pixar announced that their big new movie Soul is going to come straight to Disney+. The fact is that there is a very, very solid number of movie ticket buyers, primarily ages 15 to 30, who are going to continue to go to theaters, they're not going to be happy staying at home; it is a part of their social life. And so, I think that if the movie theaters can just hold on for a little bit longer, their ticket buyers will be back.
Hill: What should people who enjoy movies expect in terms of the next couple of years? I'm curious about the production pipeline, because a bunch of big action movies that were going to get released this year have been pushed into 2021. A lot of other movies have shut down production. Should we just gear ourselves for a lot of animated movies for the next couple of years, because you can actually produce those remotely?
Minow: ... But not quickly; [laughs] animated movies take a long time, so, no. What I can tell you is that my daughter is a costume designer in Hollywood. She is back in business. She looks like she's wearing a hazmat suit, because, you know, costume designers are very up close and personal with the stars, measuring them. And so, she's got a face shield and gloves. And that complicates her job very much. My future son-in-law is a screenwriter, his most recent film finished filming already and is coming to television. So, the industry is definitely continuing. You will not see the great, big action movies going into production for a little while and you won't see a lot of kissing scenes, but you will certainly continue to see movies.
Hill: [laughs] Wow! Romance is going to really take a hit over the next couple of years on the big screen.
Minow: Yeah. Did you hear that some of the soap operas are using mannequins? [laughs]
Hill: That's not true; is that true?
Minow: Yes, it is.
Hill: Argh! Speaking of action movies. I mean, to the extent that there is a silver lining of those movies being pushed into 2021, it could be that, as we see this time of year, the movies that are gunning for Oscars maybe get a little bit more attention, because they don't have to compete with the latest James Bond movie or the latest Marvel movie, is that going to be the case, and if so, what are a couple of movies we should be on the lookout for over the next two to three months?
Minow: You know, I'm a member of the Critics' Choice Association, and I'm not sure if it was the smartest idea in the world, but we announced this year we're creating a new category so that we can give an award, a special award to superhero movies, but we just won't have anything [laughs] to pick from this year. Well, I did mention Soul from Pixar, I think that's going to be very big. The movie that the inside buzz says is absolutely a lock for some nominations is Nomadland which has been at some festivals. And, of course, festivals are continuing, they're just virtual; I've been to several myself. So, Nomadland, directed by Chloe Zhao and starring Frances McDormand, who is currently the frontrunner for Best Actress.
The Trial of the Chicago 7, which I think is a great movie, is on Netflix. People are talking about Michelle Pfeiffer as a nominee for French Exit. And Viola Davis for Ma Rainey's Black Bottom. You might see Chadwick Boseman get a sentimental, and I'm sure very well deserved, because he's always wonderful, a nomination for that one as well. George Clooney has got a movie coming out called The Midnight Sky, he's always interesting as a director. And then Regina King, Oscar winning actress, her first movie as a director, One Night in Miami, is coming out.
So, personally, I would like to see the new David Copperfield get some awards, because I absolutely loved it, and I think they really blew it in the way that they released it, not putting it into streaming quickly enough.
Hill: More immediately, we've got Halloween coming around the corner. Any scary movie recommendations? You know, I don't even know if I know this about you, are you a fan of the horror genre?
Minow: [laughs] I'm not a fan of the horror genre. I'm such a sissy, I always think that Lassie is not going to get Timmy out of the well, but I do like some kinds of movies. I like psychological thrillers. And there's a small independent film that I always recommend, because I think it was very well -- if you like, sort of, Twilight Zone type scary, then I recommend it, it's called Coherence. My daughter, as I said, is a costume designer, and her most recent project is coming out next week. It is the remake/sequel to the legendary movie, The Craft, about the teenage girl witches. And that's got a female writer-director I like very much, so I'm looking forward to that.
And then there are a couple of good ones for kids that are new, A Babysitter's Guide to Monster Hunting on Netflix and The Witches remake on HBO Max, those are a lot of fun for kids.
Hill: Like you, I'm not a huge fan of the genre, although from a business standpoint, I think the horror movie industry is fascinating, in part because it is a profitable way to make movies, there are a lot of directors who get their first shot at making a movie by making a horror film, including, by the way, Steven Spielberg. So, it's one of those things that I find interesting from a business perspective, in part because these are -- look, every movie studio wants their movie to be a hit in whatever is the home country, but they want to be able to export it, and horror is one of those things that seems to travel pretty well.
Minow: Horror travels very, very well, humor does not, because that's very culturally based and with a lot of -- it's very specific cultural references to make something funny. So, action and horror travel extremely well. You do not need to speak English or understand, you know, the U.S. constitution to understand horror. And so, the ROI [Return on Investment] on horror movies is excellent. They don't cost much to make and they do make a lot of money.
Hill: One more reason to be on Twitter, so you can follow Nell Minow, get her thoughts on business, corporate governance, movies and a lot more.
Guys, a couple of more news items before we get to radar stocks. Microsoft, McDonald's, Lennar, Starbucks, and Conagra, are just a few of the companies that have increased their dividends recently. Ron, six months ago, we saw dividends being cut, being suspended, I don't want to get overly optimistic, but should we see this reversal of this trend as a good thing?
Gross: It's a good thing in selected areas. We're still seeing weakness in dividends, as you said, either suspensions or cuts in industries where that's appropriate. And then the airlines, for example, would be a good example, but there are companies that are doing quite well or they think they will be doing quite well this time next year, and they can, kind of, see that light at the end of the tunnel. So, even though business might be weak, like Starbucks isn't, you know, gangbusters right now, because not much is, they felt comfortable to raise the dividend. McDonald's feels comfortable, Microsoft feels comfortable. Some are 2% or 3%, some are 5%, 6%, 7%, 8%, which is an even bigger indication that things are going well.
I will point out that when things are tough, you kind of do want management to make those tough decisions and cut dividends and stop share buybacks, if it's necessary. You want to do what's necessary for the business, even though it's painful, especially if you're an investor who's looking for that income, but you do want management to make those really important capital allocation decisions. And then when things are better, we see the increases come back.
Hill: Quibi, the short-video streaming service that launched in April is being shut down. Quibi was started two years ago by Jeffrey Katzenberg and Meg Whitman. They raised $1.75 billion. And amazingly Jason, the money's all gone.
Moser: Chris, I mean, that was an amazing, amazing story from so many different angles. And it's ultimately a shame, I understand there are some people out of work for this. Yeah, I don't think it really comes as a surprise that this was something that didn't make it. I think it all really stemmed from the very beginning, I don't think anyone really knew what Quibi was supposed to be. It didn't have a firm identity really, it was either social, or it was streaming or social streaming, and it was really difficult to figure out what kind of void it was trying to fill. So, I think the lesson here, honestly is, when you're going to jump into a crowded space -- and let's be clear, video streaming is a [laughs] very, very crowded space -- it is imperative that you differentiate yourself, you innovate, you do something different. I mean, there is only so much room for imitators. And I think that this space is now so mature, anyone jumping in there and thinking that they're just going to do something similar to what everybody else is doing, it's going to be a very short-lived stretch for them in that space.
Hill: I really think this is going to be one of those things that gets studied in business schools. Just the amount of money they raised, the speed with which they burned through all of it, it's going to be a cautionary tale for a long time. [laughs]
Gross: I don't know if it's all gone, I think there might be $350 million left for them to play with, but you know, then you've got closing costs and liquidation costs and who knows what will happen. But I think investors will get a tiny bit of their money back, but it's a cautionary tale.
Moser: I stand by Quibi as a verb. I mean, I think we can use that going forward as like, you know, when you really just mess something up, like, you make a bad decision or you just really mess something up, oh, man! You really Quibied that one. I think that in certain situations it works.
Hill: Shares of fast food chain Jack in the Box (NASDAQ: JACK) up nearly 10% in the past month, and I think I know why, gents, enthusiasm for the latest promotional item from Jack in the Box, a fried chicken-scented facemask. This has been created to help promote a new plant-based chicken sandwich that the company is testing, not to be confused with the bacon-scented face mask that Hormel produced. Ron, I can't think of a Jack in the Box that's close by me, which is unfortunate, because I think I'd try this. [laughs]
Gross: This is the Jack in the Box in Belgium by any case. [laughs] Because Belgium is doing some wacky things lately. This is, I don't know, decline of Western civilization, even a bacon one, like you said, that Hormel has, would be good for like a minute, but I think it would get pretty exhausting after that, it just seems a little silly to me.
Hill: The one I'm hoping for, Cinnabon.
Moser: Oh! See, I'm right there. The one I'd like to see, if Starbucks could come out with one that smells like a freshly opened bag of coffee beans, I would be onboard with that.
Hill: Let's go to our man behind the glass, Dan Boyd. Dan, any of these masks of interest to you?
Dan Boyd: No, Chris. The only way I can see this happening at Jack in the Box is somebody got a bunch of masks and then, like, left them in the restaurant overnight or something, came back and put one on, it was like, oh! This mask smells like chicken. Wait, this is great, [laughs] this is a great idea, let me tell the boss. No, this is ridiculous. I'm sorry, I can't get behind this at all.
Gross: It's actually not the mask that smells, there's a little insert, I believe, that has the scent. So, if you want to remove the insert, you get yourself a Jack in the Box mask free of chicken.
Moser: But did you read at the bottom of that little review, there's the slight tinge of an alcohol smell to go with the chicken. I mean, it just sounds like a headache waiting to happen.
Gross: Oh, it's horrible.
Hill: Let's get to the stocks on our radar. Dan is going to hit you with a question. Jason, you're up first, what are you looking at?
Moser: Yeah, a company I've mentioned here before on the show. Ameris Bancorp (NASDAQ: ABCB), ticker ABCB. Earnings just came out. The company reported a very strong quarter. Adjusted earnings per share of $1.69, that was versus $0.98 a year ago. So, very healthy growth in the mortgage side of the business; no surprise there. Efficiency ratio below 50% now, just over 47%. Net interest margin pressure continues, but every bank is pretty much in the same boat where that's concerned. And they continue to maintain as healthy a number there as they can.
Total assets are now about $20 billion, deposits up now to $16 billion. They've really improved the deposit mix, non-interest bearing deposits now represent almost 37% of total deposits. That is up from 29%, 30% a year ago, which is just tremendous. I mean, that really is a good source of profitability for these banks, especially in difficult times, because they don't have to shell out as much for those deposits that they maintain.
So, the big question really remains on the acquisition front. They've talked about some pent-up activity they see coming in M&A here as the pandemic, you know, cycles through, so that'll be something to keep an eye on as far as the banking sector writ large, but another strong quarter from a bank that I enjoy following and still own shares in, personally.
Hill: Dan, question about Ameris Bancorp?
Boyd: Absolutely, Chris. Jason, with mortgages on the rise and housing supply, kind of, staying the same, are we going to run out of houses for banks like this to continue financing in the near future?
Moser: Well, we're not going to run out of houses, because thankfully, we have lots of homebuilders that'll help that. But you are right, the supply is getting a little bit crimped, we're seeing a lot of valuations go up because the demand is there, so it's a nice time to be a homeowner and a tricky time if you're in the market to buy a new house.
Hill: Ron Gross, what are you looking at?
Gross: Some interesting developments this week with CRISPR Therapeutics (NASDAQ: CRSP), CRSP, that sent the stock down rather sharply. One of the three or four early stage biotech companies focused on the CRISPR/Cas9 gene editing technology. The good news is that a treatment for a drug under development led to the complete remission for two out of the four patients who received it; this is for a cancer trial. The bad and very sad news is that one patient who received the highest dosage did die, and died from complications that are sometimes seen from cancer therapies. So, more investigation clearly needs to be done there. I don't think this throws off the thesis or puts the company in a bad light, I think things remain on track. But again, it's a very early stage company with some significant technology and very volatile, so buyer beware.
Hill: Dan?
Boyd: Ron, CRISPR gene editing, let's go, man! What genes are you editing first for yourself?
Gross: I would love some blue eyes if I could get those. [laughs]
Hill: What do you want to add to your watchlist, Dan?
Boyd: You know, Chris, I'm always up on medical technology, I think it's only going to get more and more important as time goes on. So, I'm with Ron this time around for CRISPR Therapeutics.
Hill: All right. Ron Gross, Jason Moser, guys, thanks for being here.
Gross: Thanks, Chris.
Moser: Thank you.
Hill: That's going to do it for this week's Motley Fool Money. The show is mixed by Dan Boyd, our Producer is Mac Greer, I'm Chris Hill, thanks for listening, we'll see you next time.
Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Chris Hill owns shares of Starbucks and Walt Disney. Jason Moser owns shares of Ameris Bancorp, Chipotle Mexican Grill, and Starbucks. Ron Gross owns shares of CRISPR Therapeutics, Microsoft, Starbucks, and Walt Disney. The Motley Fool owns shares of and recommends Boston Beer, Chipotle Mexican Grill, Constellation Brands, CRISPR Therapeutics, Microsoft, Netflix, NVIDIA, Starbucks, Tesla, Twitter, and Walt Disney. The Motley Fool recommends Ameris Bancorp, Diageo, Intel, and Southwest Airlines and recommends the following options: long January 2021 $60 calls on Walt Disney, short November 2020 $85 calls on Starbucks, short January 2021 $115 calls on Microsoft, and long January 2021 $85 calls on Microsoft. 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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Pricing power still remains, it's still a relatively good bargain in my opinion, but competition is severe as more and more streaming services continue to, kind of, gain share, including folks like Disney+. The core business of Tesla, they sell cars, it really is pretty simple, yet the drama really always takes center stage in regard to what Elon Musk may have said or promises [laughs] he may have made. The Motley Fool owns shares of and recommends Boston Beer, Chipotle Mexican Grill, Constellation Brands, CRISPR Therapeutics, Microsoft, Netflix, NVIDIA, Starbucks, Tesla, Twitter, and Walt Disney.
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In this episode of Motley Fool Money, Chris Hill chats with Motley Fool analysts Jason Moser and Ron Gross about the latest headlines and earning reports from Wall Street. The Motley Fool owns shares of and recommends Boston Beer, Chipotle Mexican Grill, Constellation Brands, CRISPR Therapeutics, Microsoft, Netflix, NVIDIA, Starbucks, Tesla, Twitter, and Walt Disney. The Motley Fool recommends Ameris Bancorp, Diageo, Intel, and Southwest Airlines and recommends the following options: long January 2021 $60 calls on Walt Disney, short November 2020 $85 calls on Starbucks, short January 2021 $115 calls on Microsoft, and long January 2021 $85 calls on Microsoft.
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The best thing that I can say about the movie industry is that, while we certainly have enjoyed a [laughs] wonderful world of movies being streamed straight to us, most recently Pixar announced that their big new movie Soul is going to come straight to Disney+. I mean, to the extent that there is a silver lining of those movies being pushed into 2021, it could be that, as we see this time of year, the movies that are gunning for Oscars maybe get a little bit more attention, because they don't have to compete with the latest James Bond movie or the latest Marvel movie, is that going to be the case, and if so, what are a couple of movies we should be on the lookout for over the next two to three months? Hill: Like you, I'm not a huge fan of the genre, although from a business standpoint, I think the horror movie industry is fascinating, in part because it is a profitable way to make movies, there are a lot of directors who get their first shot at making a movie by making a horror film, including, by the way, Steven Spielberg.
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Moser: As you mentioned, Chris, data-centric revenue $8.5 billion; that was down 10% from a year ago. The stock is still up [laughs] 50% this year alone. Hill: Ron Gross, what are you looking at?
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2020-10-26 00:00:00 UTC
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Fear and Uncertainty: S&P 500 Plunging on Pandemic, Economic Woes
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https://www.nasdaq.com/articles/fear-and-uncertainty%3A-sp-500-plunging-on-pandemic-economic-woes-2020-10-26
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The S&P 500 index (SNPINDEX: ^GSPC) is down almost 80 points, a 2.3% decline, with less than two hours remaining in the trading session on Oct. 26. Today's sell-off comes on growing uncertainty across the economic, political, and health spectrum. Congress and the Trump administration remain at loggerheads over much-needed economic stimulus for the thousands of businesses barely hanging on and the millions of Americans out of work. Cases of COVID-19 are also on the rise, following experts' predictions that the onset of cooler autumn weather would lead to another wave of the deadly pandemic.
Today's prize for biggest loser goes to cruise giant Royal Caribbean (NYSE: RCL), with shares down 10.3%. Toy maker Hasbro (NASDAQ: HAS) joined the cruise into a sea of red with shares down 10% after reporting third-quarter earnings. The oil patch hit another slick, with the Energy Select Sector SPDR ETF (NYSEMKT: XLE) losing almost 4% as crude oil prices fell sharply on a combination of pandemic-driven demand worries and supply side pressures.
On the -- very modest -- upside, investors looked to be moving into safer sectors. Today's best S&P stock was electric utility American Electric Power (NYSE: AEP), up 2.4%, with no other stock gaining even 2%. The utility sector was the only one to come close to breaking even today, with every other sector falling 1.3% or more.
Image source: Getty Images.
Oil stocks at risk from both supply and demand
Crude oil prices fell more than 3% Monday, moving West Texas Intermediate crude futures back solidly below $40 per barrel as investors weigh the significant risks of another wave of coronavirus cases sending oil demand lower, just as Libya gets set to bring another half-million barrels of oil per day back to the market. After spending most of the year producing essentially no oil for international markets, Libya has brought its oil infrastructure back online over the past six weeks, and is expected to grow its output from approximately 500,000 barrels per day at recent levels back to nearly 1 million barrels per day within one month.
With pressures on both supply and demand, investors are once again getting out of the oil patch. Every energy stock in the S&P 500 is falling today, and the worst performers are by far independent oil producers. Apache (NASDAQ: APA) shares are down 8.7%, with Marathon Oil (NYSE: MRO), EOG Resources (NYSE: EOG), and ConocoPhillips (NYSE: COP) shares all down 7% or more. Investors should continue to step lightly in the oil patch.
Second coronavirus wave and no second stimulus have travel stocks sinking
Royal Caribbean wasn't the only cruise stock to fall today, with Norwegian Cruise Line Holdings (NYSE: NCLH) and Carnival (NYSE: CCL) (NYSE: CUK) both falling more than 8% today. Alaska Air Group (NYSE: ALK) and United Airlines Holdings (NASDAQ: UAL) shares both fell more than 7.5%, while Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) fell 6% or more.
No two industries have become more identified as being tied to the hopes for government stimulus and a post-coronavirus recovery than commercial air travel and the cruise industry. Today, Congress is getting ready to head into recess, taking those hopes with them, particularly for the airlines, which have been expected to be beneficiaries of a second stimulus package that would cover at least a portion of their labor expenses. For cruise stocks, the rising number of COVID-19 cases is expected to once again delay cruise operators' ability to return to the open seas with paying customers. The Centers for Disease Control and Prevention could extend its "no-sail" order on ships operating out of U.S. ports, while similar bans could follow in other countries where COVID-19 cases are again on the rise.
The reality for both industries is that the coming months, stimulus bill or not, second wave or not, were never going to be very good. Barring medical treatments and wide-scale vaccines, confined travel isn't likely going to be on enough bucket lists to make either industry profitable. The top companies have already accessed enough capital to ride out the pandemic well into 2021, but it's hard to call either industry particularly compelling in the current environment.
Buckle up
Increasing cases of COVID-19, little hope of a pre-election stimulus deal, and highly contentious elections only eight days away, in the midst of earnings season, could prove a perfect storm for increased volatility in the week ahead. Hasbro is an excellent example, making the "mistake" of reporting mixed results, and then offering no clear outlook on the coming quarter on a day when investors were already spooked.
What's an investor to do?
A great place to start is to remember what you own, and why you own it. The market's volatility and worries may cause some short-term pain, but owning great companies for years can pay off with long-term gains. Don't let the tail wag the dog in this season of uncertainty.
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Jason Hall has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Hasbro. The Motley Fool recommends Alaska Air Group, Carnival, and 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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Alaska Air Group (NYSE: ALK) and United Airlines Holdings (NASDAQ: UAL) shares both fell more than 7.5%, while Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) fell 6% or more. Congress and the Trump administration remain at loggerheads over much-needed economic stimulus for the thousands of businesses barely hanging on and the millions of Americans out of work. Today, Congress is getting ready to head into recess, taking those hopes with them, particularly for the airlines, which have been expected to be beneficiaries of a second stimulus package that would cover at least a portion of their labor expenses.
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Alaska Air Group (NYSE: ALK) and United Airlines Holdings (NASDAQ: UAL) shares both fell more than 7.5%, while Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) fell 6% or more. Oil stocks at risk from both supply and demand Crude oil prices fell more than 3% Monday, moving West Texas Intermediate crude futures back solidly below $40 per barrel as investors weigh the significant risks of another wave of coronavirus cases sending oil demand lower, just as Libya gets set to bring another half-million barrels of oil per day back to the market. Second coronavirus wave and no second stimulus have travel stocks sinking Royal Caribbean wasn't the only cruise stock to fall today, with Norwegian Cruise Line Holdings (NYSE: NCLH) and Carnival (NYSE: CCL) (NYSE: CUK) both falling more than 8% today.
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Alaska Air Group (NYSE: ALK) and United Airlines Holdings (NASDAQ: UAL) shares both fell more than 7.5%, while Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) fell 6% or more. Oil stocks at risk from both supply and demand Crude oil prices fell more than 3% Monday, moving West Texas Intermediate crude futures back solidly below $40 per barrel as investors weigh the significant risks of another wave of coronavirus cases sending oil demand lower, just as Libya gets set to bring another half-million barrels of oil per day back to the market. Second coronavirus wave and no second stimulus have travel stocks sinking Royal Caribbean wasn't the only cruise stock to fall today, with Norwegian Cruise Line Holdings (NYSE: NCLH) and Carnival (NYSE: CCL) (NYSE: CUK) both falling more than 8% today.
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Alaska Air Group (NYSE: ALK) and United Airlines Holdings (NASDAQ: UAL) shares both fell more than 7.5%, while Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) fell 6% or more. Second coronavirus wave and no second stimulus have travel stocks sinking Royal Caribbean wasn't the only cruise stock to fall today, with Norwegian Cruise Line Holdings (NYSE: NCLH) and Carnival (NYSE: CCL) (NYSE: CUK) both falling more than 8% today. No two industries have become more identified as being tied to the hopes for government stimulus and a post-coronavirus recovery than commercial air travel and the cruise industry.
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5097.0
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2020-10-26 00:00:00 UTC
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US STOCKS-Wall St slumps on rising virus cases, fading stimulus hopes
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-slumps-on-rising-virus-cases-fading-stimulus-hopes-2020-10-26
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nan
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nan
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By Medha Singh and Shivani Kumaresan
Oct 26 (Reuters) - U.S. stocks fell sharply on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election.
New infections have touched record levels in the United States, with El Paso in Texas asking citizens to stay at home for the next two weeks. In Europe, Italy and Spain imposed new restrictions.
Travel-related stocks that are vulnerable to COVID-19 related curbs including American Airlines AAL.O, United Airlines Holdings UAL.O and Booking Holdings Inc BKNG.O fell between 3% and 4.5%.
All major S&P sectors were trading lower with economically-sensitive energy .SPNY, industrials .SPLRCI and financials .SPSY recording the steepest percentage declines.
Wall Street's main indexes had ended lower last week as investors closely monitored talks over the next round of fiscal package, while economic data pointed to a stalling recovery.
U.S. House Speaker Nancy Pelosi on Sunday said the Trump administration was reviewing the latest proposal for COVID-19 relief over the weekend and that she expected a response on Monday.
"The harsh reality is it's going to be very difficult to get as much as the $2 trillion deal even if they have something today or tomorrow," said Ryan Detrick, senior market strategist at LPL Financial, North Carolina.
"It's not going to happen until after the election."
Meanwhile, more than 59.1 million Americans have already voted in person or by mail as President Donald Trump and Democratic challenger Joe Biden enter their final week of campaigning.
It is also one of the busiest week of the third-quarter earnings season that will see results from mega-cap U.S. tech firms including Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Google-parent Alphabet Inc GOOGL.O and Facebook Inc FB.O.
Of the 135 companies in the S&P 500 that have reported earnings so far, 83.7% of them have beaten Wall Street expectations, according to Refinitiv data.
At 09:41 a.m. ET, the Dow Jones Industrial Average .DJI fell 367.31 points, or 1.32%, to 27,968.26, the S&P 500 index .SPX lost 32.08 points, or 0.93%, to 3,433.31 and the Nasdaq Composite index .IXIC lost 34.94 points, or 0.30%, to 11,513.34.
Software company Oracle Corp ORCL.N fell 3% after its German rival SAP SAPG.DE abandoned medium-term profitability targets and cautioned its business would take longer than expected to recover from the pandemic hit.
Hasbro Inc HAS.O fell about 7% despite beating analysts' estimates for quarterly revenue and profit.
Declining issues outnumbered advancing ones by 6.6-to-1 on the NYSE and 0.3-to-1 on the Nasdaq.
The S&P index recorded two new 52-week highs and no new low, while the Nasdaq recorded 20 new highs and 10 new lows.
(Reporting by Medha Singh and Shivani Kumaresan in Bengaluru; Editing by Arun Koyyur)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;))
The views and 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-related stocks that are vulnerable to COVID-19 related curbs including American Airlines AAL.O, United Airlines Holdings UAL.O and Booking Holdings Inc BKNG.O fell between 3% and 4.5%. By Medha Singh and Shivani Kumaresan Oct 26 (Reuters) - U.S. stocks fell sharply on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election. Wall Street's main indexes had ended lower last week as investors closely monitored talks over the next round of fiscal package, while economic data pointed to a stalling recovery.
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Travel-related stocks that are vulnerable to COVID-19 related curbs including American Airlines AAL.O, United Airlines Holdings UAL.O and Booking Holdings Inc BKNG.O fell between 3% and 4.5%. By Medha Singh and Shivani Kumaresan Oct 26 (Reuters) - U.S. stocks fell sharply on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election. (Reporting by Medha Singh and Shivani Kumaresan in Bengaluru; Editing by Arun Koyyur) ((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;)) The views and 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-related stocks that are vulnerable to COVID-19 related curbs including American Airlines AAL.O, United Airlines Holdings UAL.O and Booking Holdings Inc BKNG.O fell between 3% and 4.5%. By Medha Singh and Shivani Kumaresan Oct 26 (Reuters) - U.S. stocks fell sharply on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election. Wall Street's main indexes had ended lower last week as investors closely monitored talks over the next round of fiscal package, while economic data pointed to a stalling recovery.
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Travel-related stocks that are vulnerable to COVID-19 related curbs including American Airlines AAL.O, United Airlines Holdings UAL.O and Booking Holdings Inc BKNG.O fell between 3% and 4.5%. By Medha Singh and Shivani Kumaresan Oct 26 (Reuters) - U.S. stocks fell sharply on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election. Wall Street's main indexes had ended lower last week as investors closely monitored talks over the next round of fiscal package, while economic data pointed to a stalling recovery.
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5098.0
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2020-10-26 00:00:00 UTC
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US STOCKS-Wall St set to open lower as virus cases surge, stimulus doubts weighs
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-open-lower-as-virus-cases-surge-stimulus-doubts-weighs-2020-10-26
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nan
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nan
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By Medha Singh and Shivani Kumaresan
Oct 26 (Reuters) - Wall Street was set to start the week on a dour note on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to Nov. 3 presidential elections.
New infections touched record levels in the United States recently, with El Paso in Texas asking citizens to stay at home for the next two weeks. In Europe, Italy and Spain imposed new restrictions.
Travel-related stocks that are vulnerable to COVID-19 news including American Airlines AAL.O, United Airlines Holdings UAL.O and Booking Holdings Inc BKNG.O fell between 2% and 2.8% before the bell.
"The continued spikes in coronavirus globally with the shutdowns that we are seeing in Europe over the weekend are adding to some of the pre-market jitters," said Ryan Detrick, senior market strategist at LPL Financial, North Carolina.
Wall Street's main indexes finished last week lower as investors closely monitored talks over the next round of fiscal package, while economic data pointed to a stalling recovery.
U.S. House Speaker Nancy Pelosi on Sunday said the Trump administration was reviewing the latest proposal for COVID-19 relief over the weekend and that she expected a response on Monday.
"The harsh reality is its going to be very difficult to get as much as the $2 trillion deal even if they have something today or tomorrow. It's not going to happen until after the election," Detrick said.
Meanwhile, more than 59.1 million Americans have already voted in person or by mail as President Donald Trump and Democratic challenger Joe Biden enter their final full week of campaigning.
It is also one of the busiest week of third-quarter earnings season that will see results from mega-cap U.S. tech firms including Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Google-parent Alphabet Inc GOOGL.O and Facebook Inc FB.O.
Of the 135 companies in the S&P 500 that have reported earnings so far, 83.7% of them have beaten Wall Street expectations, according to Refinitiv data.
At 08:32 a.m. ET, Dow E-minis 1YMcv1 were down 1.01% at 27,900 points and the S&P 500 E-minis EScv1 fell 0.96% to 3,418.5 points. Nasdaq 100 E-minis NQcv1 skid 0.88% to 11,561 points.
Software company Oracle Corp ORCL.N fell 2.8% after its German rival SAP SAPG.DE abandoned medium-term profitability targets and cautioned its business would take longer than expected to recover from the pandemic hit.
Hasbro Inc HAS.O fell about 3% despite beating analysts' estimates for quarterly revenue and profit.
(Reporting by Medha Singh and Shivani Kumaresan in Bengaluru; Editing by Arun Koyyur)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;))
The views and 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-related stocks that are vulnerable to COVID-19 news including American Airlines AAL.O, United Airlines Holdings UAL.O and Booking Holdings Inc BKNG.O fell between 2% and 2.8% before the bell. By Medha Singh and Shivani Kumaresan Oct 26 (Reuters) - Wall Street was set to start the week on a dour note on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to Nov. 3 presidential elections. "The continued spikes in coronavirus globally with the shutdowns that we are seeing in Europe over the weekend are adding to some of the pre-market jitters," said Ryan Detrick, senior market strategist at LPL Financial, North Carolina.
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Travel-related stocks that are vulnerable to COVID-19 news including American Airlines AAL.O, United Airlines Holdings UAL.O and Booking Holdings Inc BKNG.O fell between 2% and 2.8% before the bell. By Medha Singh and Shivani Kumaresan Oct 26 (Reuters) - Wall Street was set to start the week on a dour note on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to Nov. 3 presidential elections. (Reporting by Medha Singh and Shivani Kumaresan in Bengaluru; Editing by Arun Koyyur) ((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;)) The views and 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-related stocks that are vulnerable to COVID-19 news including American Airlines AAL.O, United Airlines Holdings UAL.O and Booking Holdings Inc BKNG.O fell between 2% and 2.8% before the bell. By Medha Singh and Shivani Kumaresan Oct 26 (Reuters) - Wall Street was set to start the week on a dour note on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to Nov. 3 presidential elections. "The continued spikes in coronavirus globally with the shutdowns that we are seeing in Europe over the weekend are adding to some of the pre-market jitters," said Ryan Detrick, senior market strategist at LPL Financial, North Carolina.
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Travel-related stocks that are vulnerable to COVID-19 news including American Airlines AAL.O, United Airlines Holdings UAL.O and Booking Holdings Inc BKNG.O fell between 2% and 2.8% before the bell. By Medha Singh and Shivani Kumaresan Oct 26 (Reuters) - Wall Street was set to start the week on a dour note on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to Nov. 3 presidential elections. New infections touched record levels in the United States recently, with El Paso in Texas asking citizens to stay at home for the next two weeks.
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5099.0
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2020-10-26 00:00:00 UTC
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Pre-Market Most Active for Oct 26, 2020 : SQQQ, TOT, SNAP, AAPL, VOD, MS, JMIA, NIO, AAL, QQQ, GE, AZN
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-oct-26-2020-%3A-sqqq-tot-snap-aapl-vod-ms-jmia-nio-aal-qqq-ge-azn
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is down -98.99 to 11,593.58. The total Pre-Market volume is currently 16,992,582 shares traded.
The following are the most active stocks for the pre-market session:
ProShares UltraPro Short QQQ (SQQQ) is +0.63 at $22.23, with 1,305,667 shares traded. This represents a 17.31% increase from its 52 Week Low.
Total SE (TOT) is -0.44 at $32.43, with 1,292,715 shares traded. As reported by Zacks, the current mean recommendation for TOT is in the "buy range".
Snap Inc. (SNAP) is +0.18 at $43.35, with 1,209,269 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $-0.07. , following a 52-week high recorded in prior regular session.
Apple Inc. (AAPL) is -1.28 at $113.76, with 1,082,419 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020. The consensus EPS forecast is $0.69. AAPL is scheduled to provide an earnings report on 10/29/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is 0.69 per share, which represents a 76 percent increase over the EPS one Year Ago
Vodafone Group Plc (VOD) is -0.01 at $14.83, with 1,002,547 shares traded. As reported by Zacks, the current mean recommendation for VOD is in the "buy range".
Morgan Stanley (MS) is -0.67 at $51.20, with 791,989 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 $1.12. As reported by Zacks, the current mean recommendation for MS is in the "buy range".
Jumia Technologies AG (JMIA) is +1.22 at $19.09, with 789,252 shares traded. JMIA's current last sale is 159.08% of the target price of $12.
NIO Inc. (NIO) is -0.56 at $26.60, with 758,582 shares traded. NIO's current last sale is 122.3% of the target price of $21.75.
American Airlines Group, Inc. (AAL) is -0.3 at $12.30, with 724,067 shares traded. AAL's current last sale is 123% of the target price of $10.
Invesco QQQ Trust, Series 1 (QQQ) is -2.64 at $282.10, with 564,917 shares traded. This represents a 71.04% increase from its 52 Week Low.
General Electric Company (GE) is -0.13 at $7.50, with 464,307 shares traded.GE is scheduled to provide an earnings report on 10/28/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -0.08 per share, which represents a 15 percent increase over the EPS one Year Ago
Astrazeneca PLC (AZN) is +0.47 at $52.47, with 437,986 shares traded. As reported by Zacks, the current mean recommendation for AZN 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 -0.3 at $12.30, with 724,067 shares traded. AAL's current last sale is 123% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020.
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American Airlines Group, Inc. (AAL) is -0.3 at $12.30, with 724,067 shares traded. AAL's current last sale is 123% of the target price of $10. AAPL is scheduled to provide an earnings report on 10/29/2020, for the fiscal quarter ending Sep2020.
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American Airlines Group, Inc. (AAL) is -0.3 at $12.30, with 724,067 shares traded. AAL's current last sale is 123% of the target price of $10. The consensus earnings per share forecast is 0.69 per share, which represents a 76 percent increase over the EPS one Year Ago
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American Airlines Group, Inc. (AAL) is -0.3 at $12.30, with 724,067 shares traded. AAL's current last sale is 123% of the target price of $10. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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