Unnamed: 0
stringlengths 3
8
| Date
stringlengths 23
23
| Article_title
stringlengths 1
250
| Stock_symbol
stringlengths 1
5
| Url
stringlengths 44
135
| Publisher
stringclasses 1
value | Author
stringclasses 1
value | Article
stringlengths 1
343k
| Lsa_summary
stringlengths 3
53.9k
| Luhn_summary
stringlengths 1
53.9k
| Textrank_summary
stringlengths 1
53.9k
| Lexrank_summary
stringlengths 1
53.9k
|
|---|---|---|---|---|---|---|---|---|---|---|---|
5100.0
|
2020-10-26 00:00:00 UTC
|
FOCUS-Microsoft quietly prepares to avoid spotlight under Biden
|
AAL
|
https://www.nasdaq.com/articles/focus-microsoft-quietly-prepares-to-avoid-spotlight-under-biden-2020-10-26-0
|
nan
|
nan
|
By Nandita Bose
WASHINGTON, Oct 26 (Reuters) - Microsoft Corp MSFT.O, which has largely evaded Washington's scrutiny of Big Tech companies and scored a lucrative $10 billion government contract under the Trump administration, has emerged as a significant backer of the Biden campaign.
The Redmond, Washington-based software company is the fourth largest contributor to Democratic Presidential candidate Joe Biden's candidate campaign committee, according to data from OpenSecrets, a website which tracks money in politics and campaign finance records.
The company's President Brad Smith is playing a key role behind the scenes, hosting a fundraiser for Biden last year in Medina, Washington. He is also a big dollar bundler - people who help raise more than $25,000 for the Biden campaign - and had a public role during the Democratic National Convention, similar to Amazon.com Inc AMZN.O policy chief Jay Carney.
Microsoft Chief Technology Officer Kevin Scott and his wife have contributed over $50,000 supporting committees helping Biden win, according to campaign finance records. And Microsoft board member and co-founder of LinkedIn, Reid Hoffman, and his wife have also donated generously to the Biden campaign. Hoffman's wife has contributed over half a million dollars to the Biden victory fund.
Microsoft senior executives also have donated more to the Biden campaign during the primaries than any other large tech company, according to data from the Revolving Door Project, part of Center for Economic & Policy Research (CERP).
"Microsoft has been playing politics for much longer than the other large technology companies that are widely talked about," said Max Moran, a researcher at CERP, noting it has been around longer than most U.S. tech companies.
"It knows how to play the game on both sides of the aisle," he added.
Companies are prohibited by law from donating themselves. The contributions, according to OpenSecrets, were either made by the company’s political action committees (PACs) themselves, members of the PAC or their employees.
A Microsoft spokeswoman said the company has a history of engaging with administrations on issues that matter to its business. "Our approach has been consistent: we'll partner where we can, we'll stand apart where we should," she said, adding that the contributions were made by its employees, without offering more details.
Large technology companies including Microsoft have not emerged in the top 20 contributors list for the Trump candidate campaign committee. However, Microsoft's Smith, whose donations have mostly helped Democrats, has made several contributions to Republicans, including a $15,000 donation to the National Republican Congressional Committee, according to campaign finance records.
The Trump campaign's top contributors include government employees from the U.S. Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets.
The Trump campaign did not respond to a request for comment.
Biden campaign spokesman Matt Hill did not comment on the story, but he pointed to an earlier statement shared with Reuters, which said: "Many technology giants and their executives have not only abused their power, but misled the American people, damaged our democracy, and evaded any form of responsibility. That ends with a President Biden."
Microsoft has escaped escalating criticism from Washington lawmakers and probes by regulatory agencies - which has culminated into one of the largest antitrust lawsuits against Alphabet's Google GOOGL.O by the Justice Department.
In fact, the lawsuit has delivered a potential opportunity for Microsoft to increase usage of its Bing search engine, a win years after it abandoned a long campaign for legal relief.
The company's other large competitors, such as Facebook Inc FB.O, Apple Inc APPL.O and Amazon.com Inc AMZN.O, are also grappling with various state and federal investigations.
Earlier this year, Microsoft also won a highly controversial $10 billion cloud computing contract from the U.S. Department of Defense after it defeated Amazon in a contest marred by allegations of political influence by President Donald Trump. The stock has more than tripled since Trump took office.
'ADULT IN THE ROOM'
Microsoft has presented itself as an "adult in the room" to both parties on the topic of antitrust, a strategy that will continue to ensure attention is diverted to its rivals, CERP's Moran said.
Smith and Microsoft, for example, have invested time and resources in staying in the good graces of Democratic lawmakers.
Earlier this year, Smith met with the House Judiciary antitrust subcommittee, which produced a scathing report on how Big Tech hurts competitors. During the meeting, Smith offered Microsoft's perspective as a company that has faced antitrust regulation in the past and also discussed his company's concerns about the way Apple operates its App Store, according to a source familiar with the matter.
Lawyers and antitrust experts said there are some challenges Microsoft still faces, even though they are not likely to result in any meaningful action in the immediate future under a Biden administration. For example, in February the Federal Trade Commission said it will examine prior acquisitions from Big Tech companies including Microsoft. The company also faces an antitrust complaint in Europe from Slack, which operates a product similar to Microsoft Teams.
"It's the classic case of shiny objects," said Andrew Gavil, a professor at Howard University School of Law. "Microsoft has succeeded in making sure the attention stays on everybody else even when they continue to be dominant in many areas they operate."
FOCUS-Amazon and Big Tech cozy up to Biden camp with cash and connections
United States vs Google vindicates old antitrust gripes from Microsoft
U.S. says Google breakup may be needed to end violations of antitrust law
Microsoft beats Amazon for Pentagon's $10 bln cloud computing contract
(Reporting by Nandita Bose in Washington; Editing by Chris Sanders and Edward Tobin)
((nandita.bose@thomsonreuters.com; +12023545868; Reuters Messaging: nandita.bose.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets. Biden campaign spokesman Matt Hill did not comment on the story, but he pointed to an earlier statement shared with Reuters, which said: "Many technology giants and their executives have not only abused their power, but misled the American people, damaged our democracy, and evaded any form of responsibility. Earlier this year, Microsoft also won a highly controversial $10 billion cloud computing contract from the U.S. Department of Defense after it defeated Amazon in a contest marred by allegations of political influence by President Donald Trump.
|
Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets. Large technology companies including Microsoft have not emerged in the top 20 contributors list for the Trump candidate campaign committee. However, Microsoft's Smith, whose donations have mostly helped Democrats, has made several contributions to Republicans, including a $15,000 donation to the National Republican Congressional Committee, according to campaign finance records.
|
Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets. By Nandita Bose WASHINGTON, Oct 26 (Reuters) - Microsoft Corp MSFT.O, which has largely evaded Washington's scrutiny of Big Tech companies and scored a lucrative $10 billion government contract under the Trump administration, has emerged as a significant backer of the Biden campaign. Microsoft senior executives also have donated more to the Biden campaign during the primaries than any other large tech company, according to data from the Revolving Door Project, part of Center for Economic & Policy Research (CERP).
|
Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets. Microsoft Chief Technology Officer Kevin Scott and his wife have contributed over $50,000 supporting committees helping Biden win, according to campaign finance records. Companies are prohibited by law from donating themselves.
|
5101.0
|
2020-10-26 00:00:00 UTC
|
FOCUS-Microsoft quietly prepares to avoid spotlight under Biden
|
AAL
|
https://www.nasdaq.com/articles/focus-microsoft-quietly-prepares-to-avoid-spotlight-under-biden-2020-10-26
|
nan
|
nan
|
By Nandita Bose
WASHINGTON, Oct 26 (Reuters) - Microsoft Corp MSFT.O, which has largely evaded Washington's scrutiny of Big Tech companies and scored a lucrative $10 billion government contract under the Trump administration, has emerged as a significant backer of the Biden campaign.
The Redmond, Washington-based software company is the fourth largest contributor to Democratic Presidential candidate Joe Biden's candidate campaign committee, according to data from OpenSecrets, a website which tracks money in politics and campaign finance records.
The company's President Brad Smith is playing a key role behind the scenes, hosting a fundraiser for Biden last year in Medina, Washington. He is also a big dollar bundler - people who help raise more than $25,000 for the Biden campaign - and had a public role during the Democratic National Convention, similar to Amazon.com Inc AMZN.O policy chief Jay Carney.
Microsoft Chief Technology Officer Kevin Scott and his wife have contributed over $50,000 supporting committees helping Biden win, according to campaign finance records. And Microsoft board member and co-founder of LinkedIn, Reid Hoffman, and his wife have also donated generously to the Biden campaign. Hoffman's wife has contributed over half a million dollars to the Biden victory fund.
Microsoft senior executives also have donated more to the Biden campaign during the primaries than any other large tech company, according to data from the Revolving Door Project, part of Center for Economic & Policy Research (CERP).
"Microsoft has been playing politics for much longer than the other large technology companies that are widely talked about," said Max Moran, a researcher at CERP, noting it has been around longer than most U.S. tech companies.
"It knows how to play the game on both sides of the aisle," he added.
Companies are prohibited by law from donating themselves. The contributions, according to OpenSecrets, were either made by the company’s political action committees (PACs) themselves, members of the PAC or their employees.
Microsoft spokeswoman said the company has a history of engaging with administrations on issues that matter to its business. "Our approach has been consistent: we'll partner where we can, we'll stand apart where we should," she said, adding that the contributions were made by its employees, without offering more details.
Large technology companies including Microsoft have not emerged in the top 20 contributors list for the Trump candidate campaign committee. However, Microsoft's Smith, whose donations have mostly helped Democrats, has made several contributions to Republicans, including a $15,000 donation to the National Republican Congressional Committee, according to campaign finance records.
The Trump campaign's top contributors include government employees from the U.S. Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets.
The Trump campaign did not respond to a request for comment.
Biden campaign spokesman Matt Hill did not comment on the story, but he pointed to an earlier statement shared with Reuters, which said: "Many technology giants and their executives have not only abused their power, but misled the American people, damaged our democracy, and evaded any form of responsibility. That ends with a President Biden."
Microsoft has escaped escalating criticism from Washington lawmakers and probes by regulatory agencies - which has culminated into one of the largest antitrust lawsuits against Alphabet's Google GOOGL.O by the Justice Department.
In fact, the lawsuit has delivered a potential opportunity for Microsoft to increase usage of its Bing search engine, a win years after it abandoned a long campaign for legal relief.
The company's other large competitors, such as Facebook Inc FB.O, Apple Inc APPL.O and Amazon.com Inc AMZN.O, are also grappling with various state and federal investigations.
Earlier this year, Microsoft also won a highly controversial $10 billion cloud computing contract from the U.S. Department of Defense after it defeated Amazon in a contest marred by allegations of political influence by President Donald Trump.
'ADULT IN THE ROOM'
Microsoft has presented itself as an "adult in the room" to both parties on the topic of antitrust, a strategy that will continue to ensure attention is diverted to its rivals, CERP's Moran said.
Smith and Microsoft, for example, have invested time and resources in staying in the good graces of Democratic lawmakers.
Earlier this year, Smith met with the House Judiciary antitrust subcommittee, which produced a scathing report on how Big Tech hurts competitors. During the meeting, Smith offered Microsoft's perspective as a company that has faced antitrust regulation in the past and also discussed his company's concerns about the way Apple operates its App Store, according to a source familiar with the matter.
Lawyers and antitrust experts said there are some challenges Microsoft still faces, even though they are not likely to result in any meaningful action in the immediate future under a Biden administration. For example, in February the Federal Trade Commission said it will examine prior acquisitions from Big Tech companies including Microsoft. The company also faces an antitrust complaint in Europe from Slack, which operates a product similar to Microsoft Teams.
"It's the classic case of shiny objects," said Andrew Gavil, a professor at Howard University School of Law. "Microsoft has succeeded in making sure the attention stays on everybody else even when they continue to be dominant in many areas they operate."
FOCUS-Amazon and Big Tech cozy up to Biden camp with cash and connections
United States vs Google vindicates old antitrust gripes from Microsoft
U.S. says Google breakup may be needed to end violations of antitrust law
Microsoft beats Amazon for Pentagon's $10 bln cloud computing contract
(Reporting by Nandita Bose in Washington; Editing by Chris Sanders and Edward Tobin)
((nandita.bose@thomsonreuters.com; +12023545868; Reuters Messaging: nandita.bose.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets. Biden campaign spokesman Matt Hill did not comment on the story, but he pointed to an earlier statement shared with Reuters, which said: "Many technology giants and their executives have not only abused their power, but misled the American people, damaged our democracy, and evaded any form of responsibility. Earlier this year, Microsoft also won a highly controversial $10 billion cloud computing contract from the U.S. Department of Defense after it defeated Amazon in a contest marred by allegations of political influence by President Donald Trump.
|
Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets. Large technology companies including Microsoft have not emerged in the top 20 contributors list for the Trump candidate campaign committee. However, Microsoft's Smith, whose donations have mostly helped Democrats, has made several contributions to Republicans, including a $15,000 donation to the National Republican Congressional Committee, according to campaign finance records.
|
Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets. By Nandita Bose WASHINGTON, Oct 26 (Reuters) - Microsoft Corp MSFT.O, which has largely evaded Washington's scrutiny of Big Tech companies and scored a lucrative $10 billion government contract under the Trump administration, has emerged as a significant backer of the Biden campaign. Microsoft senior executives also have donated more to the Biden campaign during the primaries than any other large tech company, according to data from the Revolving Door Project, part of Center for Economic & Policy Research (CERP).
|
Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets. Companies are prohibited by law from donating themselves. Large technology companies including Microsoft have not emerged in the top 20 contributors list for the Trump candidate campaign committee.
|
5102.0
|
2020-10-26 00:00:00 UTC
|
Why Airline Shares Are Losing Altitude Today
|
AAL
|
https://www.nasdaq.com/articles/why-airline-shares-are-losing-altitude-today-2020-10-26
|
nan
|
nan
|
What happened
Congressional lawmakers are preparing to leave Washington, and any hopes of a second stimulus package prior to the election are exiting with them. Meanwhile, the stats on new COVID-19 cases continue to rise.
That's weighing on airline stocks on a gloomy day for broader markets. Shares of Spirit Airlines (NYSE: SAVE) are leading the sector down, off by 7.8% as of 11:30 a.m. EDT; while shares of United Airlines Holdings (NASDAQ: UAL), Alaska Air Group (NYSE: ALK), American Airlines Holdings (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL) are all down 5% or more.
JetBlue Airways (NASDAQ: JBLU) and Hawaiian Holdings (NASDAQ: HA) were holding on slightly better, down just 4% apiece, and Southwest Airlines (NYSE: LUV) was off 3.4% as investors mull an extended period of headwinds for the industry.
So what
Few industries have been hit harder by the COVID-19 pandemic than the airlines. Travel demand has cratered in 2020 and is expected to take years to fully recover. The airlines have survived so far thanks to taking on billions in new debt in addition to government support, but given the pessimistic recovery forecast, the carriers need to be much smaller than they were heading into 2020.
Image source: Getty Images.
Airlines have announced tens of thousands of layoffs, but the industry had been hoping to be spared job cuts by a second round of stimulus. The CARES Act provided funds to support payrolls in return for a prohibition on layoffs through Sept. 30, and lawmakers had proposed a six-month extension as part of a broader second stimulus package, but it now appears no aid will be forthcoming prior to the election.
Airline shares are also under pressure following back-to-back days of record numbers of new virus cases in the United States. The long-feared second wave of COVID-19 appears to be at hand in both the U.S. and Europe, raising concerns about whether the fledgling early stages of a recovery can be sustained.
An airline recovery can't begin until COVID-19 is in the rearview mirror. With a vaccine still months away and case numbers growing by the day, there isn't much reason to believe the companies, or the stocks, will soar higher anytime soon.
Now what
Airline stocks for months now have traded up and down based on daily updates on the number of new cases and the outlook for further government assistance. That's led to a lot of turbulence, but the stocks haven't really moved that far.
Expect that to continue. We've seen enough out of the industry to know there are no immediate bankruptcy concerns, but even the top carriers are going to need years before they are able to regain altitude.
For those interested in investing in an aviation recovery, there are related nonairline stocks that I think are a better bet. Among the airlines, stick to top operators like Southwest and Delta and be prepared for a long journey ahead.
10 stocks we like better than JetBlue Airways
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 JetBlue Airways 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 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.
|
Shares of Spirit Airlines (NYSE: SAVE) are leading the sector down, off by 7.8% as of 11:30 a.m. EDT; while shares of United Airlines Holdings (NASDAQ: UAL), Alaska Air Group (NYSE: ALK), American Airlines Holdings (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL) are all down 5% or more. The airlines have survived so far thanks to taking on billions in new debt in addition to government support, but given the pessimistic recovery forecast, the carriers need to be much smaller than they were heading into 2020. The CARES Act provided funds to support payrolls in return for a prohibition on layoffs through Sept. 30, and lawmakers had proposed a six-month extension as part of a broader second stimulus package, but it now appears no aid will be forthcoming prior to the election.
|
Shares of Spirit Airlines (NYSE: SAVE) are leading the sector down, off by 7.8% as of 11:30 a.m. EDT; while shares of United Airlines Holdings (NASDAQ: UAL), Alaska Air Group (NYSE: ALK), American Airlines Holdings (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL) are all down 5% or more. 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.
|
Shares of Spirit Airlines (NYSE: SAVE) are leading the sector down, off by 7.8% as of 11:30 a.m. EDT; while shares of United Airlines Holdings (NASDAQ: UAL), Alaska Air Group (NYSE: ALK), American Airlines Holdings (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL) are all down 5% or more. 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.
|
Shares of Spirit Airlines (NYSE: SAVE) are leading the sector down, off by 7.8% as of 11:30 a.m. EDT; while shares of United Airlines Holdings (NASDAQ: UAL), Alaska Air Group (NYSE: ALK), American Airlines Holdings (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL) are all down 5% or more. What happened Congressional lawmakers are preparing to leave Washington, and any hopes of a second stimulus package prior to the election are exiting with them. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and JetBlue Airways wasn't one of them!
|
5103.0
|
2020-10-26 00:00:00 UTC
|
FOCUS-Microsoft quietly prepares to avoid spotlight under Biden
|
AAL
|
https://www.nasdaq.com/articles/focus-microsoft-quietly-prepares-to-avoid-spotlight-under-biden-2020-10-26-1
|
nan
|
nan
|
By Nandita Bose
WASHINGTON, Oct 26 (Reuters) - Microsoft Corp MSFT.O, which has largely evaded Washington's scrutiny of Big Tech companies and scored a lucrative $10 billion government contract under the Trump administration, has emerged as a significant backer of the Biden campaign.
The Redmond, Washington-based software company is the fourth largest contributor to Democratic presidential candidate Joe Biden's candidate campaign committee, according to data from OpenSecrets, a website which tracks money in politics and campaign finance records.
The company's President Brad Smith is playing a key role behind the scenes, hosting a fundraiser for Biden last year in Medina, Washington. He is also a big dollar bundler - people who help raise more than $25,000 for the Biden campaign - and had a public role during the Democratic National Convention, similar to Amazon.com Inc AMZN.O policy chief Jay Carney.
Microsoft Chief Technology Officer Kevin Scott and his wife Shannon Hunt-Scott have contributed over $50,000, supporting committees helping Biden win, according to campaign finance records. And Microsoft board member and co-founder of LinkedIn, Reid Hoffman, and his wife Michelle Yee have also donated to the Biden campaign. Hoffman's wife has contributed over half a million dollars to the Biden victory fund.
Microsoft senior executives also have donated more to the Biden campaign during the primaries than any other large tech company, according to data from the Revolving Door Project, part of Center for Economic and Policy Research (CEPR).
"Microsoft has been playing politics for much longer than the other large technology companies that are widely talked about," said Max Moran, a researcher at CEPR, noting it has been around longer than most U.S. tech companies.
"It knows how to play the game on both sides of the aisle," he added.
Companies are prohibited by law from donating themselves. The contributions, according to OpenSecrets, were either made by the company’s political action committees (PACs) themselves, members of the PAC or their employees.
A Microsoft spokeswoman said the company has a history of engaging with administrations on issues that matter to its business. "Our approach has been consistent: we'll partner where we can, we'll stand apart where we should," she said, adding that the contributions were made by its employees, without offering more details.
Large technology companies including Microsoft have not emerged in the top 20 contributors list for the Trump candidate campaign committee. However, Microsoft's Smith, whose donations have mostly helped Democrats, has made several contributions to Republicans, including a $15,000 donation to the National Republican Congressional Committee, according to campaign finance records.
The Trump campaign's top contributors include government employees from the U.S. Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets.
The Trump campaign did not respond to a request for comment.
Biden campaign spokesman Matt Hill did not comment on the story on Friday, but he pointed to an earlier statement shared with Reuters, which said: "Many technology giants and their executives have not only abused their power, but misled the American people, damaged our democracy, and evaded any form of responsibility. That ends with a President Biden."
Hill said on Monday the campaign does not accept corporate PAC money.
Microsoft has escaped escalating criticism from Washington lawmakers and probes by regulatory agencies - which has culminated into one of the largest antitrust lawsuits against Alphabet's Google GOOGL.O by the Justice Department.
In fact, the lawsuit has delivered a potential opportunity for Microsoft to increase usage of its Bing search engine, a win years after it abandoned a long campaign for legal relief.
The company's other large competitors, such as Facebook Inc FB.O, Apple Inc APPL.O and Amazon.com Inc AMZN.O, are also grappling with various state and federal investigations.
Earlier this year, Microsoft also won a highly controversial $10 billion cloud computing contract from the U.S. Department of Defense after it defeated Amazon in a contest marred by allegations of political influence by President Donald Trump.
'ADULT IN THE ROOM'
Microsoft has presented itself as an "adult in the room" to both parties on the topic of antitrust, a strategy that will continue to ensure attention is diverted to its rivals, CEPR's Moran said.
Smith and Microsoft, for example, have invested time and resources in staying in the good graces of Democratic lawmakers.
Earlier this year, Smith met with the House Judiciary antitrust subcommittee, which produced a scathing report on how Big Tech hurts competitors. During the meeting, Smith offered Microsoft's perspective as a company that has faced antitrust regulation in the past and also discussed his company's concerns about the way Apple operates its App Store, according to a source familiar with the matter.
Lawyers and antitrust experts said there are some challenges Microsoft still faces, even though they are not likely to result in any meaningful action in the immediate future under a Biden administration. For example, in February the Federal Trade Commission said it will examine prior acquisitions from Big Tech companies including Microsoft. The company also faces an antitrust complaint in Europe from Slack, which operates a product similar to Microsoft Teams.
"It's the classic case of shiny objects," said Andrew Gavil, a professor at Howard University School of Law. "Microsoft has succeeded in making sure the attention stays on everybody else even when they continue to be dominant in many areas they operate."
FOCUS-Amazon and Big Tech cozy up to Biden camp with cash and connections
United States vs Google vindicates old antitrust gripes from Microsoft
U.S. says Google breakup may be needed to end violations of antitrust law
Microsoft beats Amazon for Pentagon's $10 bln cloud computing contract
(Reporting by Nandita Bose in Washington; Editing by Chris Sanders and Edward Tobin)
((nandita.bose@thomsonreuters.com; +12023545868; Reuters Messaging: nandita.bose.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets. Biden campaign spokesman Matt Hill did not comment on the story on Friday, but he pointed to an earlier statement shared with Reuters, which said: "Many technology giants and their executives have not only abused their power, but misled the American people, damaged our democracy, and evaded any form of responsibility. Earlier this year, Microsoft also won a highly controversial $10 billion cloud computing contract from the U.S. Department of Defense after it defeated Amazon in a contest marred by allegations of political influence by President Donald Trump.
|
Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets. Large technology companies including Microsoft have not emerged in the top 20 contributors list for the Trump candidate campaign committee. However, Microsoft's Smith, whose donations have mostly helped Democrats, has made several contributions to Republicans, including a $15,000 donation to the National Republican Congressional Committee, according to campaign finance records.
|
Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets. By Nandita Bose WASHINGTON, Oct 26 (Reuters) - Microsoft Corp MSFT.O, which has largely evaded Washington's scrutiny of Big Tech companies and scored a lucrative $10 billion government contract under the Trump administration, has emerged as a significant backer of the Biden campaign. The Redmond, Washington-based software company is the fourth largest contributor to Democratic presidential candidate Joe Biden's candidate campaign committee, according to data from OpenSecrets, a website which tracks money in politics and campaign finance records.
|
Postal Service and the Department of Defense, followed by companies such as American Airlines Group AAL.O and banks such as Wells Fargo WFC.N, according to OpenSecrets. Companies are prohibited by law from donating themselves. Large technology companies including Microsoft have not emerged in the top 20 contributors list for the Trump candidate campaign committee.
|
5104.0
|
2020-10-24 00:00:00 UTC
|
American Airlines Earnings: More Bad News
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-earnings%3A-more-bad-news-2020-10-24
|
nan
|
nan
|
Pretty much every major airline has been hit hard by the COVID-19 pandemic this year. But in the U.S., industry laggard American Airlines (NASDAQ: AAL) has struggled more than its rivals, due to high interest and lease costs, as well as strategic missteps.
American's third-quarter earnings report revealed that the carrier's underperformance is continuing -- and that's bad news for investors. Let's take a look.
Adding back capacity didn't help cash burn
As I noted in my earnings preview, American Airlines restored capacity faster than rivals Delta Air Lines (NYSE: DAL) and United Airlines (NASDAQ: UAL) this summer. That represented a risky bet on pent-up demand driving a big sequential improvement in domestic air travel during the traditional vacation season. Unfortunately for American and its shareholders, demand has recovered from its April nadir at a very modest pace.
As a result, daily cash burn averaged $44 million a day during the third quarter. This was even worse than what American Airlines' guidance had implied.
This cash-burn figure was worse than what Delta and United reported, too. Excluding severance and debt-principal repayments, American burned $36 million a day last quarter, compared to $24 million a day for Delta and $21 million a day for United.
Image source: American Airlines.
Not surprisingly, American Airlines' adjusted pre-tax loss of $3.6 billion also exceeded those of Delta Air Lines ($2.6 billion) and United Airlines ($3 billion). Notably, it lost more money and burned more cash than Delta and United despite generating about 25% more revenue than they did. (This just highlights how American's plan to restore capacity quickly to capture summer demand backfired.) Still, those figures are less important than cash burn in the current environment.
A mixed outlook
American Airlines' outlook for the fourth quarter was also somewhat disappointing. The company expects daily cash burn to average $25 million to $30 million, with $8 million of that daily cash burn coming from severance and debt-principal payments. This roughly aligns with United's cash burn projections. However, it's worse than the scenario Delta laid out, which calls for daily cash burn (excluding severance and debt principal payments) to slow from $18 million last month to around $10 million by December.
It's also important to note that American had to furlough a substantial proportion of its workforce just to get close to matching its full-service airline rivals' cash burn. United furloughed fewer workers, and so far, Delta hasn't furloughed anyone. Recalling and retraining furloughed workers (especially pilots) will impose additional expenses for American Airlines over the next couple of years.
Drowning in debt
American Airlines ended last quarter with $13.6 billion of liquidity, including $8.3 billion of unrestricted cash and short-term investments. Thus, it faces no immediate bankruptcy risk. However, it also had $47.5 billion of debt, lease, and pension liabilities as of Sept. 30. That figure is likely to significantly exceed $50 billion by early next year, as American draws on subsidized secured loans available from the federal government.
Management says that as demand recovers over the next few years, American will be able to start paying down debt quickly, particularly because it has reduced its near-term capital spending plans. Yet there's a good chance that the company won't start generating positive cash flow again until 2022. Furthermore, it will eventually have to replace the nearly 100 mainline aircraft it has retired this year, along with more than 200 others that are currently around 20 years of age. That will force it to ramp up capital expenditures (capex) again before too long (albeit not to the levels of a few years ago).
In short, American Airlines is going to be operating with a ton of debt for the foreseeable future, with billions of dollars maturing every year. Since it's unlikely to generate enough cash to pay down all of its debt maturities, some will have to be refinanced -- possibly at significantly higher rates. (American issued secured debt at a 10.75% interest rate last month; earlier this year, it was able to issue unsecured debt with a coupon of just 3.75%.)
Moreover, if American's debt load remains elevated when the next downturn hits, creditors may run out of patience. Until the airline makes significant progress toward its debt-reduction goals, investors should steer clear of American Airlines stock.
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 owns shares of Delta Air Lines. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
But in the U.S., industry laggard American Airlines (NASDAQ: AAL) has struggled more than its rivals, due to high interest and lease costs, as well as strategic missteps. That represented a risky bet on pent-up demand driving a big sequential improvement in domestic air travel during the traditional vacation season. Management says that as demand recovers over the next few years, American will be able to start paying down debt quickly, particularly because it has reduced its near-term capital spending plans.
|
But in the U.S., industry laggard American Airlines (NASDAQ: AAL) has struggled more than its rivals, due to high interest and lease costs, as well as strategic missteps. Adding back capacity didn't help cash burn As I noted in my earnings preview, American Airlines restored capacity faster than rivals Delta Air Lines (NYSE: DAL) and United Airlines (NASDAQ: UAL) this summer. Excluding severance and debt-principal repayments, American burned $36 million a day last quarter, compared to $24 million a day for Delta and $21 million a day for United.
|
But in the U.S., industry laggard American Airlines (NASDAQ: AAL) has struggled more than its rivals, due to high interest and lease costs, as well as strategic missteps. Adding back capacity didn't help cash burn As I noted in my earnings preview, American Airlines restored capacity faster than rivals Delta Air Lines (NYSE: DAL) and United Airlines (NASDAQ: UAL) this summer. Excluding severance and debt-principal repayments, American burned $36 million a day last quarter, compared to $24 million a day for Delta and $21 million a day for United.
|
But in the U.S., industry laggard American Airlines (NASDAQ: AAL) has struggled more than its rivals, due to high interest and lease costs, as well as strategic missteps. Adding back capacity didn't help cash burn As I noted in my earnings preview, American Airlines restored capacity faster than rivals Delta Air Lines (NYSE: DAL) and United Airlines (NASDAQ: UAL) this summer. This cash-burn figure was worse than what Delta and United reported, too.
|
5105.0
|
2020-10-24 00:00:00 UTC
|
American Airlines Group Inc. (NASDAQ:AAL) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-group-inc.-nasdaq%3Aaal-just-released-its-third-quarter-earnings%3A-heres
|
nan
|
nan
|
A week ago, American Airlines Group Inc. (NASDAQ:AAL) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. Revenues were better than expected, with US$3.2b in sales some 13% ahead of forecasts. The company still lost a statutory US$4.71 per share, although the losses were 10% smaller than the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
NasdaqGS:AAL Earnings and Revenue Growth October 24th 2020
After the latest results, the 14 analysts covering American Airlines Group are now predicting revenues of US$28.6b in 2021. If met, this would reflect a solid 16% improvement in sales compared to the last 12 months. Losses are predicted to fall substantially, shrinking 64% to US$5.00. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$28.8b and losses of US$4.62 per share in 2021. Overall it looks as though the analysts were a bit mixed on the latest consensus updates. Although sales forecasts held steady, the consensus also made a to its losses per share forecasts.
The consensus price target held steady at US$11.63, seemingly implying that the higher forecast losses are not expected to have a long term impact on the company's valuation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic American Airlines Group analyst has a price target of US$27.00 per share, while the most pessimistic values it at US$1.00. As you can see the range of estimates is wide, with the lowest valuation coming in at less than half the most bullish estimate, suggesting there are some strongly diverging views on how analysts think this business will perform. With this in mind, we wouldn't rely too heavily the consensus price target, as it is just an average and analysts clearly have some deeply divergent views on the business.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. For example, we noticed that American Airlines Group's rate of growth is expected to accelerate meaningfully, with revenues forecast to grow 16%, well above its historical decline of 1.1% a year over the past five years. Compare this against analyst estimates for the wider industry, which suggest that (in aggregate) industry revenues are expected to grow 26% next year. So although American Airlines Group's revenue growth is expected to improve, it is still expected to grow slower than the industry.
The Bottom Line
The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at American Airlines Group. On the plus side, there were no major changes to revenue estimates; although forecasts imply revenues will perform worse than the wider industry. The consensus price target held steady at US$11.63, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple American Airlines Group analysts - going out to 2024, and you can see them free on our platform here.
Before you take the next step you should know about the 2 warning signs for American Airlines Group (1 doesn't sit too well with us!) that we have uncovered.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
A week ago, American Airlines Group Inc. (NASDAQ:AAL) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. NasdaqGS:AAL Earnings and Revenue Growth October 24th 2020 After the latest results, the 14 analysts covering American Airlines Group are now predicting revenues of US$28.6b in 2021. The consensus price target held steady at US$11.63, seemingly implying that the higher forecast losses are not expected to have a long term impact on the company's valuation.
|
NasdaqGS:AAL Earnings and Revenue Growth October 24th 2020 After the latest results, the 14 analysts covering American Airlines Group are now predicting revenues of US$28.6b in 2021. A week ago, American Airlines Group Inc. (NASDAQ:AAL) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. Compare this against analyst estimates for the wider industry, which suggest that (in aggregate) industry revenues are expected to grow 26% next year.
|
NasdaqGS:AAL Earnings and Revenue Growth October 24th 2020 After the latest results, the 14 analysts covering American Airlines Group are now predicting revenues of US$28.6b in 2021. A week ago, American Airlines Group Inc. (NASDAQ:AAL) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. For example, we noticed that American Airlines Group's rate of growth is expected to accelerate meaningfully, with revenues forecast to grow 16%, well above its historical decline of 1.1% a year over the past five years.
|
NasdaqGS:AAL Earnings and Revenue Growth October 24th 2020 After the latest results, the 14 analysts covering American Airlines Group are now predicting revenues of US$28.6b in 2021. A week ago, American Airlines Group Inc. (NASDAQ:AAL) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of.
|
5106.0
|
2020-10-23 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-Intel, Mattel Inc, American Express
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-intel-mattel-inc-american-express-2020-10-23
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 and the Dow rose on Friday, with investors expecting progress in talks on the next coronavirus aid bill as the Nov. 3 presidential election drew closer. .N
At 10:23 ET, the Dow Jones Industrial Average .DJI was down 0.13% at 28,325.61. The S&P 500 .SPX was up 0.13% at 3,457.96 and the Nasdaq Composite .IXIC was down 0.39% at 11,460.688. The top three S&P 500 .PG.INX percentage gainers: ** Capital One Financial Corp , up 3.6 % ** DexCom Inc , up 3 % ** Pool Corp , up 2.9 % The top three S&P 500 .PL.INX percentage losers: ** Intel Corp , down 10.8 % ** Robert Half International Inc , down 7 % ** American Airlines Group Inc , down 4.1 % The top three NYSE .PG.N percentage gainers: ** Zedge Inc , up 86.6 % ** Boston Beer Company Inc , up 15.1 % ** Ranger Energy Services Inc , up 10.5 % The top three NYSE .PL.N percentage losers: ** U.S. Xpress Enterprises Inc , down 19.1 % ** Weidai Ltd , down 18 % ** Horizon Global Corp , down 12.4 % The top three Nasdaq .PG.O percentage gainers: ** Socket Mobile Inc , up 159.2 % ** Dogness International Corp , up 65.5 % ** Marin Software Inc , up 42.1 % The top three Nasdaq .PL.O percentage losers: ** Limelight Networks Inc , down 27.9 % ** Cyberoptics Corp , down 25.2 % ** KBS Fashion Group Ltd , down 23.8 % ** Mattel Inc MAT.O: up 9.2%
BUZZ-Mattel gains on upbeat holiday forecast
** Gilead Sciences Inc GILD.O: up 2.5%
BUZZ-Gilead rises as remdesivir becomes first U.S.-approved COVID-19 drug ** Intel Corp INTC.O: down 10.8%
BUZZ-Street View: Intel faces rocky road ahead as data center demand declines ** U.S. Xpress Enterprises USX.N: down 19.1%
BUZZ-U.S. Xpress Enterprises drops after earnings miss estimates ** eHealth Inc EHTH.O: down 6.9%
BUZZ-EHealth Inc: Tumbles after reporting Q3 results ** Socket Mobile Inc SCKT.O: up 159.2%
BUZZ-Socket Mobile: Surges on jump in Q3 profit
** AT&T Inc T.N: down 1.4%
BUZZ-Street View: Operating and competitive concerns still linger for AT&T ** TechnipFMC Plc FTI.N: down 3.1%
BUZZ-TechnipFMC: Net construction liabilities remain an overhang - CS
** CVS Health Corp CVS.N: up 1.5%
BUZZ-CVS Health: Cowen sees strong Q3 with COVID-19 recovery in focus ** Milestone Pharmaceuticals Inc MIST.O: down 14.1%
BUZZ-Milestone Pharma drops on $45 mln equity offering ** Capital One Financial Corp COF.N: up 3.6%
BUZZ-Street View: Capital One Financial likely to see better quarters ahead ** Pfizer Inc PFE.N: up 1.5%
BUZZ-Pfizer to post upbeat Q3 with COVID-19 vaccine in spotlight - Mizuho ** American Express Co AXP.N: down 3.0%
BUZZ-American Express: Falls after 40% drop in Q3 profit ** Brickell Biotech Inc BBI.O: down 21.9%
BUZZ-Brickell Biotech: Falls on at-par stock offering ** Seagate Technology Plc STX.O: down 2.5%
BUZZ-Seagate Technology: Falls on Q1 rev miss, margin concerns remain ** CarGurus Inc CARG.O: up 4.6%
BUZZ-CarGurus: BTIG sees attractive risk-reward, upgrades ** Iterum Therapeutics Plc ITRM.O: down 44.2%
BUZZ-Iterum Therapeutics plunges on stock-and-warrants offering ** CureVac CVAC.O: up 4.7%
BUZZ-CureVac: Rises as COVID-19 vaccine candidate shines in animal studies ** Phasebio Pharmaceuticals Inc PHAS.O: down 2.0%
BUZZ-PhaseBio: Falls after discontinuing COVID-19 drug trial ** Solid Biosciences Inc SLDB.O: up 4.7%
BUZZ-Solid Biosciences partners with Ultragenyx Pharma for Duchenne gene therapy, shares rise ** Limelight Networks LLNW.O: down 27.9%
BUZZ-Limelight Networks: Slides 21% after cutting annual profit view ** CLPS Inc CLPS.O: up 31.2%
BUZZ-CLPS Inc: Rises on strong H2, FY results ** Dogness International Corp DOGZ.O: up 65.5%
BUZZ-Dogness Corp: Surges on partnership to expand within China's pet market ** BOQI International Medical Inc BIMI.O: up 7.4%
BUZZ-BOQI International Medical: Jumps on MoU to acquire Chongqing Guoyitang Hospital ** CASI Pharma CASI.O: up 6.3%
BUZZ-CASI Pharma: Rises as Oppenheimer starts with "outperform", PT of $5 ** Fastly Inc FSLY.N: down 3.6%
BUZZ-Fastly drops as Piper sees "bigger" TikTok risk, downgrades to 'underweight' ** Neonode Inc NEON.O: up 9.7%
BUZZ-Neonode: Surges on agreement with U.S. defense contractor
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.29%
Consumer Discretionary
.SPLRCD
down 0.33%
Consumer Staples
.SPLRCS
up 0.15%
Energy
.SPNY
down 0.20%
Financial
.SPSY
up 0.36%
Health
.SPXHC
up 0.74%
Industrial
.SPLRCI
up 0.11%
Information Technology
.SPLRCT
down 0.36%
Materials
.SPLRCM
up 0.31%
Real Estate
.SPLRCR
up 0.58%
Utilities
.SPLRCU
up 0.08%
(Compiled by Tiyashi Datta)
((Tiyashi.Datta@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 and the Dow rose on Friday, with investors expecting progress in talks on the next coronavirus aid bill as the Nov. 3 presidential election drew closer. The top three S&P 500 .PG.INX percentage gainers: ** Capital One Financial Corp , up 3.6 % ** DexCom Inc , up 3 % ** Pool Corp , up 2.9 % The top three S&P 500 .PL.INX percentage losers: ** Intel Corp , down 10.8 % ** Robert Half International Inc , down 7 % ** American Airlines Group Inc , down 4.1 % The top three NYSE .PG.N percentage gainers: ** Zedge Inc , up 86.6 % ** Boston Beer Company Inc , up 15.1 % ** Ranger Energy Services Inc , up 10.5 % The top three NYSE .PL.N percentage losers: ** U.S. Xpress Enterprises Inc , down 19.1 % ** Weidai Ltd , down 18 % ** Horizon Global Corp , down 12.4 % The top three Nasdaq .PG.O percentage gainers: ** Socket Mobile Inc , up 159.2 % ** Dogness International Corp , up 65.5 % ** Marin Software Inc , up 42.1 % The top three Nasdaq .PL.O percentage losers: ** Limelight Networks Inc , down 27.9 % ** Cyberoptics Corp , down 25.2 % ** KBS Fashion Group Ltd , down 23.8 % ** Mattel Inc MAT.O: up 9.2% BUZZ-Mattel gains on upbeat holiday forecast ** Gilead Sciences Inc GILD.O: up 2.5% BUZZ-Gilead rises as remdesivir becomes first U.S.-approved COVID-19 drug ** Intel Corp INTC.O: down 10.8% BUZZ-Street View: Intel faces rocky road ahead as data center demand declines ** U.S. Xpress Enterprises USX.N: down 19.1% BUZZ-U.S. Xpress Enterprises drops after earnings miss estimates ** eHealth Inc EHTH.O: down 6.9% BUZZ-EHealth Inc: Tumbles after reporting Q3 results ** Socket Mobile Inc SCKT.O: up 159.2% BUZZ-Socket Mobile: Surges on jump in Q3 profit ** AT&T Inc T.N: down 1.4% BUZZ-Street View: Operating and competitive concerns still linger for AT&T ** TechnipFMC Plc FTI.N: down 3.1% BUZZ-TechnipFMC: Net construction liabilities remain an overhang - CS ** CVS Health Corp CVS.N: up 1.5% BUZZ-CVS Health: Cowen sees strong Q3 with COVID-19 recovery in focus ** Milestone Pharmaceuticals Inc MIST.O: down 14.1% BUZZ-Milestone Pharma drops on $45 mln equity offering ** Capital One Financial Corp COF.N: up 3.6% BUZZ-Street View: Capital One Financial likely to see better quarters ahead ** Pfizer Inc PFE.N: up 1.5% BUZZ-Pfizer to post upbeat Q3 with COVID-19 vaccine in spotlight - Mizuho ** American Express Co AXP.N: down 3.0% BUZZ-American Express: Falls after 40% drop in Q3 profit ** Brickell Biotech Inc BBI.O: down 21.9% BUZZ-Brickell Biotech: Falls on at-par stock offering ** Seagate Technology Plc STX.O: down 2.5% BUZZ-Seagate Technology: Falls on Q1 rev miss, margin concerns remain ** CarGurus Inc CARG.O: up 4.6% BUZZ-CarGurus: BTIG sees attractive risk-reward, upgrades ** Iterum Therapeutics Plc ITRM.O: down 44.2% BUZZ-Iterum Therapeutics plunges on stock-and-warrants offering ** CureVac CVAC.O: up 4.7% BUZZ-CureVac: Rises as COVID-19 vaccine candidate shines in animal studies ** Phasebio Pharmaceuticals Inc PHAS.O: down 2.0% BUZZ-PhaseBio: Falls after discontinuing COVID-19 drug trial ** Solid Biosciences Inc SLDB.O: up 4.7% BUZZ-Solid Biosciences partners with Ultragenyx Pharma for Duchenne gene therapy, shares rise ** Limelight Networks LLNW.O: down 27.9% BUZZ-Limelight Networks: Slides 21% after cutting annual profit view ** CLPS Inc CLPS.O: up 31.2% BUZZ-CLPS Inc: Rises on strong H2, FY results ** Dogness International Corp DOGZ.O: up 65.5% BUZZ-Dogness Corp: Surges on partnership to expand within China's pet market ** BOQI International Medical Inc BIMI.O: up 7.4% BUZZ-BOQI International Medical: Jumps on MoU to acquire Chongqing Guoyitang Hospital ** CASI Pharma CASI.O: up 6.3% BUZZ-CASI Pharma: Rises as Oppenheimer starts with "outperform", PT of $5 ** Fastly Inc FSLY.N: down 3.6% BUZZ-Fastly drops as Piper sees "bigger" TikTok risk, downgrades to 'underweight' ** Neonode Inc NEON.O: up 9.7% BUZZ-Neonode: Surges on agreement with U.S. defense contractor The 11 major S&P 500 sectors: Communication Services up 0.08% (Compiled by Tiyashi Datta) ((Tiyashi.Datta@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 and the Dow rose on Friday, with investors expecting progress in talks on the next coronavirus aid bill as the Nov. 3 presidential election drew closer. The top three S&P 500 .PG.INX percentage gainers: ** Capital One Financial Corp , up 3.6 % ** DexCom Inc , up 3 % ** Pool Corp , up 2.9 % The top three S&P 500 .PL.INX percentage losers: ** Intel Corp , down 10.8 % ** Robert Half International Inc , down 7 % ** American Airlines Group Inc , down 4.1 % The top three NYSE .PG.N percentage gainers: ** Zedge Inc , up 86.6 % ** Boston Beer Company Inc , up 15.1 % ** Ranger Energy Services Inc , up 10.5 % The top three NYSE .PL.N percentage losers: ** U.S. Xpress Enterprises Inc , down 19.1 % ** Weidai Ltd , down 18 % ** Horizon Global Corp , down 12.4 % The top three Nasdaq .PG.O percentage gainers: ** Socket Mobile Inc , up 159.2 % ** Dogness International Corp , up 65.5 % ** Marin Software Inc , up 42.1 % The top three Nasdaq .PL.O percentage losers: ** Limelight Networks Inc , down 27.9 % ** Cyberoptics Corp , down 25.2 % ** KBS Fashion Group Ltd , down 23.8 % ** Mattel Inc MAT.O: up 9.2% BUZZ-Mattel gains on upbeat holiday forecast ** Gilead Sciences Inc GILD.O: up 2.5% BUZZ-Gilead rises as remdesivir becomes first U.S.-approved COVID-19 drug ** Intel Corp INTC.O: down 10.8% BUZZ-Street View: Intel faces rocky road ahead as data center demand declines ** U.S. Xpress Enterprises USX.N: down 19.1% BUZZ-U.S. Xpress Enterprises drops after earnings miss estimates ** eHealth Inc EHTH.O: down 6.9% BUZZ-EHealth Inc: Tumbles after reporting Q3 results ** Socket Mobile Inc SCKT.O: up 159.2% BUZZ-Socket Mobile: Surges on jump in Q3 profit ** AT&T Inc T.N: down 1.4% BUZZ-Street View: Operating and competitive concerns still linger for AT&T ** TechnipFMC Plc FTI.N: down 3.1% BUZZ-TechnipFMC: Net construction liabilities remain an overhang - CS ** CVS Health Corp CVS.N: up 1.5% BUZZ-CVS Health: Cowen sees strong Q3 with COVID-19 recovery in focus ** Milestone Pharmaceuticals Inc MIST.O: down 14.1% BUZZ-Milestone Pharma drops on $45 mln equity offering ** Capital One Financial Corp COF.N: up 3.6% BUZZ-Street View: Capital One Financial likely to see better quarters ahead ** Pfizer Inc PFE.N: up 1.5% BUZZ-Pfizer to post upbeat Q3 with COVID-19 vaccine in spotlight - Mizuho ** American Express Co AXP.N: down 3.0% BUZZ-American Express: Falls after 40% drop in Q3 profit ** Brickell Biotech Inc BBI.O: down 21.9% BUZZ-Brickell Biotech: Falls on at-par stock offering ** Seagate Technology Plc STX.O: down 2.5% BUZZ-Seagate Technology: Falls on Q1 rev miss, margin concerns remain ** CarGurus Inc CARG.O: up 4.6% BUZZ-CarGurus: BTIG sees attractive risk-reward, upgrades ** Iterum Therapeutics Plc ITRM.O: down 44.2% BUZZ-Iterum Therapeutics plunges on stock-and-warrants offering ** CureVac CVAC.O: up 4.7% BUZZ-CureVac: Rises as COVID-19 vaccine candidate shines in animal studies ** Phasebio Pharmaceuticals Inc PHAS.O: down 2.0% BUZZ-PhaseBio: Falls after discontinuing COVID-19 drug trial ** Solid Biosciences Inc SLDB.O: up 4.7% BUZZ-Solid Biosciences partners with Ultragenyx Pharma for Duchenne gene therapy, shares rise ** Limelight Networks LLNW.O: down 27.9% BUZZ-Limelight Networks: Slides 21% after cutting annual profit view ** CLPS Inc CLPS.O: up 31.2% BUZZ-CLPS Inc: Rises on strong H2, FY results ** Dogness International Corp DOGZ.O: up 65.5% BUZZ-Dogness Corp: Surges on partnership to expand within China's pet market ** BOQI International Medical Inc BIMI.O: up 7.4% BUZZ-BOQI International Medical: Jumps on MoU to acquire Chongqing Guoyitang Hospital ** CASI Pharma CASI.O: up 6.3% BUZZ-CASI Pharma: Rises as Oppenheimer starts with "outperform", PT of $5 ** Fastly Inc FSLY.N: down 3.6% BUZZ-Fastly drops as Piper sees "bigger" TikTok risk, downgrades to 'underweight' ** Neonode Inc NEON.O: up 9.7% BUZZ-Neonode: Surges on agreement with U.S. defense contractor The 11 major S&P 500 sectors: Communication Services up 0.08% (Compiled by Tiyashi Datta) ((Tiyashi.Datta@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 and the Dow rose on Friday, with investors expecting progress in talks on the next coronavirus aid bill as the Nov. 3 presidential election drew closer. The top three S&P 500 .PG.INX percentage gainers: ** Capital One Financial Corp , up 3.6 % ** DexCom Inc , up 3 % ** Pool Corp , up 2.9 % The top three S&P 500 .PL.INX percentage losers: ** Intel Corp , down 10.8 % ** Robert Half International Inc , down 7 % ** American Airlines Group Inc , down 4.1 % The top three NYSE .PG.N percentage gainers: ** Zedge Inc , up 86.6 % ** Boston Beer Company Inc , up 15.1 % ** Ranger Energy Services Inc , up 10.5 % The top three NYSE .PL.N percentage losers: ** U.S. Xpress Enterprises Inc , down 19.1 % ** Weidai Ltd , down 18 % ** Horizon Global Corp , down 12.4 % The top three Nasdaq .PG.O percentage gainers: ** Socket Mobile Inc , up 159.2 % ** Dogness International Corp , up 65.5 % ** Marin Software Inc , up 42.1 % The top three Nasdaq .PL.O percentage losers: ** Limelight Networks Inc , down 27.9 % ** Cyberoptics Corp , down 25.2 % ** KBS Fashion Group Ltd , down 23.8 % ** Mattel Inc MAT.O: up 9.2% BUZZ-Mattel gains on upbeat holiday forecast ** Gilead Sciences Inc GILD.O: up 2.5% BUZZ-Gilead rises as remdesivir becomes first U.S.-approved COVID-19 drug ** Intel Corp INTC.O: down 10.8% BUZZ-Street View: Intel faces rocky road ahead as data center demand declines ** U.S. Xpress Enterprises USX.N: down 19.1% BUZZ-U.S. Xpress Enterprises drops after earnings miss estimates ** eHealth Inc EHTH.O: down 6.9% BUZZ-EHealth Inc: Tumbles after reporting Q3 results ** Socket Mobile Inc SCKT.O: up 159.2% BUZZ-Socket Mobile: Surges on jump in Q3 profit ** AT&T Inc T.N: down 1.4% BUZZ-Street View: Operating and competitive concerns still linger for AT&T ** TechnipFMC Plc FTI.N: down 3.1% BUZZ-TechnipFMC: Net construction liabilities remain an overhang - CS ** CVS Health Corp CVS.N: up 1.5% BUZZ-CVS Health: Cowen sees strong Q3 with COVID-19 recovery in focus ** Milestone Pharmaceuticals Inc MIST.O: down 14.1% BUZZ-Milestone Pharma drops on $45 mln equity offering ** Capital One Financial Corp COF.N: up 3.6% BUZZ-Street View: Capital One Financial likely to see better quarters ahead ** Pfizer Inc PFE.N: up 1.5% BUZZ-Pfizer to post upbeat Q3 with COVID-19 vaccine in spotlight - Mizuho ** American Express Co AXP.N: down 3.0% BUZZ-American Express: Falls after 40% drop in Q3 profit ** Brickell Biotech Inc BBI.O: down 21.9% BUZZ-Brickell Biotech: Falls on at-par stock offering ** Seagate Technology Plc STX.O: down 2.5% BUZZ-Seagate Technology: Falls on Q1 rev miss, margin concerns remain ** CarGurus Inc CARG.O: up 4.6% BUZZ-CarGurus: BTIG sees attractive risk-reward, upgrades ** Iterum Therapeutics Plc ITRM.O: down 44.2% BUZZ-Iterum Therapeutics plunges on stock-and-warrants offering ** CureVac CVAC.O: up 4.7% BUZZ-CureVac: Rises as COVID-19 vaccine candidate shines in animal studies ** Phasebio Pharmaceuticals Inc PHAS.O: down 2.0% BUZZ-PhaseBio: Falls after discontinuing COVID-19 drug trial ** Solid Biosciences Inc SLDB.O: up 4.7% BUZZ-Solid Biosciences partners with Ultragenyx Pharma for Duchenne gene therapy, shares rise ** Limelight Networks LLNW.O: down 27.9% BUZZ-Limelight Networks: Slides 21% after cutting annual profit view ** CLPS Inc CLPS.O: up 31.2% BUZZ-CLPS Inc: Rises on strong H2, FY results ** Dogness International Corp DOGZ.O: up 65.5% BUZZ-Dogness Corp: Surges on partnership to expand within China's pet market ** BOQI International Medical Inc BIMI.O: up 7.4% BUZZ-BOQI International Medical: Jumps on MoU to acquire Chongqing Guoyitang Hospital ** CASI Pharma CASI.O: up 6.3% BUZZ-CASI Pharma: Rises as Oppenheimer starts with "outperform", PT of $5 ** Fastly Inc FSLY.N: down 3.6% BUZZ-Fastly drops as Piper sees "bigger" TikTok risk, downgrades to 'underweight' ** Neonode Inc NEON.O: up 9.7% BUZZ-Neonode: Surges on agreement with U.S. defense contractor The 11 major S&P 500 sectors: Communication Services up 0.29% Consumer Discretionary
|
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 rose on Friday, with investors expecting progress in talks on the next coronavirus aid bill as the Nov. 3 presidential election drew closer. .N At 10:23 ET, the Dow Jones Industrial Average .DJI was down 0.13% at 28,325.61. The S&P 500 .SPX was up 0.13% at 3,457.96 and the Nasdaq Composite .IXIC was down 0.39% at 11,460.688.
|
5107.0
|
2020-10-23 00:00:00 UTC
|
Moscow Exchange to expand number of foreign shares on offer to 40
|
AAL
|
https://www.nasdaq.com/articles/moscow-exchange-to-expand-number-of-foreign-shares-on-offer-to-40-2020-10-23
|
nan
|
nan
|
MOSCOW, Oct 23 (Reuters) - The Moscow Exchange said on Friday it would offer access to shares and depositary receipts from an additional 20 international companies on Nov. 2, part of a wider drive to expand its foreign share offering.
The trading of new shares, which will include China's Alibaba BABA.N and Baidu BIDU.O, will bring the overall number of foreign issuers' securities on the Moscow bourse to 40. The exchange said it plans to take this number to above 50 by the end of the year.
The Moscow Exchange began offering access to shares from the U.S. S&P 500 index in August, a break-through for its long-awaited project, which was slowed by western sanctions. Russia's largest bourse had originally planned to offer trading access to around 50 U.S. companies in the third quarter of 2018.
American Airlines AAL.O, Coca-Cola KO.N, General Motors GM.N, Tesla TSLA.O and Walmart WMT.N are among the shares that the Moscow Exchange will open access to in November, the exchange has said.
"In the future the exchange will widen the list of available assets, analysing client demand and also the wishes of banks, brokers and management companies," it said in a statement.
It said the shares of foreign issuers were traded and settled in roubles, but dividends on U.S. securities would be paid in U.S. dollars.
The exchange's chief executive Yuri Denisov told Reuters last week it was betting on rising numbers of retail investors, and was ready to offer more foreign securities, denominated in roubles, to ensure convenience for Russian investors.
(Reporting by Andrey Ostroukh and Elena Fabrichnaya; Writing by Alexander Marrow and Mark Potter)
((alexander.marrow@thomsonreuters.com; +7 495 775 1242;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines AAL.O, Coca-Cola KO.N, General Motors GM.N, Tesla TSLA.O and Walmart WMT.N are among the shares that the Moscow Exchange will open access to in November, the exchange has said. The trading of new shares, which will include China's Alibaba BABA.N and Baidu BIDU.O, will bring the overall number of foreign issuers' securities on the Moscow bourse to 40. The Moscow Exchange began offering access to shares from the U.S. S&P 500 index in August, a break-through for its long-awaited project, which was slowed by western sanctions.
|
American Airlines AAL.O, Coca-Cola KO.N, General Motors GM.N, Tesla TSLA.O and Walmart WMT.N are among the shares that the Moscow Exchange will open access to in November, the exchange has said. The trading of new shares, which will include China's Alibaba BABA.N and Baidu BIDU.O, will bring the overall number of foreign issuers' securities on the Moscow bourse to 40. The Moscow Exchange began offering access to shares from the U.S. S&P 500 index in August, a break-through for its long-awaited project, which was slowed by western sanctions.
|
American Airlines AAL.O, Coca-Cola KO.N, General Motors GM.N, Tesla TSLA.O and Walmart WMT.N are among the shares that the Moscow Exchange will open access to in November, the exchange has said. MOSCOW, Oct 23 (Reuters) - The Moscow Exchange said on Friday it would offer access to shares and depositary receipts from an additional 20 international companies on Nov. 2, part of a wider drive to expand its foreign share offering. The exchange's chief executive Yuri Denisov told Reuters last week it was betting on rising numbers of retail investors, and was ready to offer more foreign securities, denominated in roubles, to ensure convenience for Russian investors.
|
American Airlines AAL.O, Coca-Cola KO.N, General Motors GM.N, Tesla TSLA.O and Walmart WMT.N are among the shares that the Moscow Exchange will open access to in November, the exchange has said. MOSCOW, Oct 23 (Reuters) - The Moscow Exchange said on Friday it would offer access to shares and depositary receipts from an additional 20 international companies on Nov. 2, part of a wider drive to expand its foreign share offering. The trading of new shares, which will include China's Alibaba BABA.N and Baidu BIDU.O, will bring the overall number of foreign issuers' securities on the Moscow bourse to 40.
|
5108.0
|
2020-10-23 00:00:00 UTC
|
Why Shares of American Airlines Are Falling Today
|
AAL
|
https://www.nasdaq.com/articles/why-shares-of-american-airlines-are-falling-today-2020-10-23
|
nan
|
nan
|
What happened
Airline shares are mostly higher on Friday, with American Airlines Group (NASDAQ: AAL) as a notable exception. On a day when most airlines are gaining altitude, American dropped more than 5% midday as investors continue to digest earnings and look ahead to a bleak future.
So what
On Thursday, American reported a third-quarter loss as expected, but revenue came in higher than expected. The airline also had more than $13.6 billion in liquidity at quarter's end, and has boosted that total in the weeks since by tapping the CARES Act-authorized U.S. Treasury lending program.
Airlines have struggled due to the coronavirus pandemic, and with travel expected to take years to return, American and other carriers are cutting costs, strengthening liquidity positions, and preparing to ride out the storm.
Image source: American Airlines.
American has the cash in place to sustain for a significant period, but the company will be crimped by more than $30 billion in debt once a recovery begins.
Among the factors likely weighing on the stock is American's plan to issue up to $1 billion in new equity, boosting its cash balance but at the expense of diluting current shares. The news out of Washington was also bleak, with it growing increasingly apparent there will be no further stimulus prior to the election.
Now what
Today's sell-off is likely fueled by the equity authorization, but American is undeniably holding a weak hand among airlines. The company was the laggard in a wave of restructuring and transformation in the industry prior to the pandemic, and due to its debt will likely take longer than most to recover.
The good news is American has enough cash in the bank that the equity is not likely to go to zero via a bankruptcy. The bad news is there isn't much reason to believe a recovery will take anything less than years. Investors on Friday aren't in any mood to wait out a rebound.
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.
|
What happened Airline shares are mostly higher on Friday, with American Airlines Group (NASDAQ: AAL) as a notable exception. On a day when most airlines are gaining altitude, American dropped more than 5% midday as investors continue to digest earnings and look ahead to a bleak future. Airlines have struggled due to the coronavirus pandemic, and with travel expected to take years to return, American and other carriers are cutting costs, strengthening liquidity positions, and preparing to ride out the storm.
|
What happened Airline shares are mostly higher on Friday, with American Airlines Group (NASDAQ: AAL) as a notable exception. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Lou Whiteman has no position in any of the stocks mentioned.
|
What happened Airline shares are mostly higher on Friday, with American Airlines Group (NASDAQ: AAL) as a notable exception. 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. * 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!
|
What happened Airline shares are mostly higher on Friday, with American Airlines Group (NASDAQ: AAL) as a notable exception. Airlines have struggled due to the coronavirus pandemic, and with travel expected to take years to return, American and other carriers are cutting costs, strengthening liquidity positions, and preparing to ride out the storm. Among the factors likely weighing on the stock is American's plan to issue up to $1 billion in new equity, boosting its cash balance but at the expense of diluting current shares.
|
5109.0
|
2020-10-22 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE- Tesla, Align Technology Inc, Aptinyx
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-tesla-align-technology-inc-aptinyx-2020-10-22
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 and Nasdaq inched higher at the open on Thursday as investors held out for more fiscal stimulus, while trading in Dow constituents was subdued as data pointed to a slowing economic recovery. .N
At 10:12 ET, the Dow Jones Industrial Average .DJI was up 0.06% at 28,228.19. The S&P 500 .SPX was up 0.24% at 3,443.67 and the Nasdaq Composite .IXIC was up 0.38% at 11,528.282. The top three S&P 500 .PG.INX percentage gainers: ** Align Technology Inc , up 33.5 % ** Las Vegas Sands Corp , up 8.1 % ** Discover Financial Services , up 8 % The top three S&P 500 .PL.INX percentage losers: ** Cincinnati Financial Corp , down 8.5 % ** Tractor Supply Co , down 7.3 % ** Citrix Systems Inc , down 6.2 % The top NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 62.9 % ** Maxlinear Inc , up 13 % The top three NYSE .PL.N percentage losers: ** Oblong Inc , down 20 % ** Weidai Ltd , down 15.3 % ** Nuverra Environmental Solutions Inc , down 12.8 % The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 204.3 % ** Sequential Brand , up 148.5 % ** TuanChe Ltd , up 53.9 % The top three Nasdaq .PL.O percentage losers: ** Marin Software Inc , down 28.8 % ** Puhui Wealth Investment Management Co Ltd , down 27.5 % ** Aptinyx Inc , down 21.5 % ** Tesla Inc TSLA.O: up 1.5%
BUZZ-Street View: Electrifying performance keeps Tesla's 500k goal alive ** Xilinx Inc XLNX.O: up 1.5%
BUZZ-Xilinx: Rises on revenue forecast ** Kinder Morgan Inc KMI.N: up 1.7%
BUZZ-Street View: Kinder Morgan's recovery path filled with hurdles ** Verizon Communications Inc VZ.N: up 0.8%
BUZZ-Street View: iPhone marketing, spectrum bidding key for Verizon in near term
** Thermo Fisher Scientific Inc TMO.N: up 2.3%
BUZZ-Street View: Thermo Fisher's strong Q3 indicates bright long-term outlook ** AT&T Inc T.N: up 5.7%
BUZZ-AT&T: Rises as phone subscribers cushion pandemic blow
** Brightcove Inc BCOV.O: up 3.9%
BUZZ-Brightcove Inc: Up on Q3 revenue beat ** Align Technology Inc ALGN.O: up 33.4%
BUZZ-Align Tech soars on stellar Q3; brokerages cheer signs of sustained demand ** Aptinyx Inc APTX.O: down 21.5%
BUZZ-Aptinyx slides after pricing equity offering
** CSX Corp CSX.O: up 4.3%
BUZZ-CSX Corp: Rises on Q3 profit beat
** Southwest Airlines Co LUV.N: up 3.5%
BUZZ-Southwest Airlines: Rises as cash burn outlook soothes nerves ** Helix Energy Solutions Group HLX.N: up 10.7%
BUZZ-Helix Energy Solutions Group: Gains on better-than-expected Q3 profit ** Quest Diagnostics Inc DGX.N: up 2.1%
BUZZ-Quest Diagnostics gains on upbeat Q3, 2020 profit view raise ** American Airlines Group Inc AAL.O: down 1.4%
BUZZ-American Airlines: Falls on Q3 loss, $1 bln planned equity offering ** Coca-Cola Co KO.N: up 1.7%
BUZZ-Coca-Cola: Rises as Q3 results beat expectations ** Danaher Corp DHR.N: up 2.5%
BUZZ-Danaher Corp: Up on Q3 profit, revenue beat ** Kimberly-Clark Corp KMB.N: down 5.9%
BUZZ-Kimberly-Clark tumbles as Q3 profit, FY outlook fall below estimates ** Optinose Inc OPTN.O: up 5.2%
BUZZ-Optinose: Up on strong prelim Q3 revenue for nasal spray Xhance ** Union Pacific Corp UNP.N: down 4.3%
BUZZ-Union Pacific: Drops after Q3 results miss on weak coal, metal shipments ** Ideanomics Inc IDEX.O: up 23.9%
BUZZ-Ideanomics Inc: Up on acquiring stake in Solectrac ** Martin Midstream Partners MMLP.O: down 7.9%
BUZZ-Martin Midstream Partners: Down as Q3 revenue decline, CEO change ** Valero Energy Corp VLO.N: down 2.4%
BUZZ-Valero Energy: Posts smaller-than-expected loss on demand recovery ** SmileDirectClub Inc SDC.O: up 7.1%
BUZZ-Align Tech's stellar results brighten expectations for SmileDirectClub
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.47%
Consumer Discretionary
.SPLRCD
down 0.31%
Consumer Staples
.SPLRCS
down 0.38%
Energy
.SPNY
down 0.23%
Financial
.SPSY
up 0.40%
Health
.SPXHC
up 0.97%
Industrial
.SPLRCI
up 0.61%
Information Technology
.SPLRCT
down 0.29%
Materials
.SPLRCM
down 0.09%
Real Estate
.SPLRCR
down 0.40%
Utilities
.SPLRCU
up 0.09%
(Compiled by Tiyashi Datta)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Align Technology Inc , up 33.5 % ** Las Vegas Sands Corp , up 8.1 % ** Discover Financial Services , up 8 % The top three S&P 500 .PL.INX percentage losers: ** Cincinnati Financial Corp , down 8.5 % ** Tractor Supply Co , down 7.3 % ** Citrix Systems Inc , down 6.2 % The top NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 62.9 % ** Maxlinear Inc , up 13 % The top three NYSE .PL.N percentage losers: ** Oblong Inc , down 20 % ** Weidai Ltd , down 15.3 % ** Nuverra Environmental Solutions Inc , down 12.8 % The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 204.3 % ** Sequential Brand , up 148.5 % ** TuanChe Ltd , up 53.9 % The top three Nasdaq .PL.O percentage losers: ** Marin Software Inc , down 28.8 % ** Puhui Wealth Investment Management Co Ltd , down 27.5 % ** Aptinyx Inc , down 21.5 % ** Tesla Inc TSLA.O: up 1.5% BUZZ-Street View: Electrifying performance keeps Tesla's 500k goal alive ** Xilinx Inc XLNX.O: up 1.5% BUZZ-Xilinx: Rises on revenue forecast ** Kinder Morgan Inc KMI.N: up 1.7% BUZZ-Street View: Kinder Morgan's recovery path filled with hurdles ** Verizon Communications Inc VZ.N: up 0.8% BUZZ-Street View: iPhone marketing, spectrum bidding key for Verizon in near term ** Thermo Fisher Scientific Inc TMO.N: up 2.3% BUZZ-Street View: Thermo Fisher's strong Q3 indicates bright long-term outlook ** AT&T Inc T.N: up 5.7% BUZZ-AT&T: Rises as phone subscribers cushion pandemic blow ** Brightcove Inc BCOV.O: up 3.9% BUZZ-Brightcove Inc: Up on Q3 revenue beat ** Align Technology Inc ALGN.O: up 33.4% BUZZ-Align Tech soars on stellar Q3; brokerages cheer signs of sustained demand ** Aptinyx Inc APTX.O: down 21.5% BUZZ-Aptinyx slides after pricing equity offering ** CSX Corp CSX.O: up 4.3% BUZZ-CSX Corp: Rises on Q3 profit beat ** Southwest Airlines Co LUV.N: up 3.5% BUZZ-Southwest Airlines: Rises as cash burn outlook soothes nerves ** Helix Energy Solutions Group HLX.N: up 10.7% BUZZ-Helix Energy Solutions Group: Gains on better-than-expected Q3 profit ** Quest Diagnostics Inc DGX.N: up 2.1% BUZZ-Quest Diagnostics gains on upbeat Q3, 2020 profit view raise ** American Airlines Group Inc AAL.O: down 1.4% BUZZ-American Airlines: Falls on Q3 loss, $1 bln planned equity offering ** Coca-Cola Co KO.N: up 1.7% BUZZ-Coca-Cola: Rises as Q3 results beat expectations ** Danaher Corp DHR.N: up 2.5% BUZZ-Danaher Corp: Up on Q3 profit, revenue beat ** Kimberly-Clark Corp KMB.N: down 5.9% BUZZ-Kimberly-Clark tumbles as Q3 profit, FY outlook fall below estimates ** Optinose Inc OPTN.O: up 5.2% BUZZ-Optinose: Up on strong prelim Q3 revenue for nasal spray Xhance ** Union Pacific Corp UNP.N: down 4.3% BUZZ-Union Pacific: Drops after Q3 results miss on weak coal, metal shipments ** Ideanomics Inc IDEX.O: up 23.9% BUZZ-Ideanomics Inc: Up on acquiring stake in Solectrac ** Martin Midstream Partners MMLP.O: down 7.9% BUZZ-Martin Midstream Partners: Down as Q3 revenue decline, CEO change ** Valero Energy Corp VLO.N: down 2.4% BUZZ-Valero Energy: Posts smaller-than-expected loss on demand recovery ** SmileDirectClub Inc SDC.O: up 7.1% BUZZ-Align Tech's stellar results brighten expectations for SmileDirectClub 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 Nasdaq inched higher at the open on Thursday as investors held out for more fiscal stimulus, while trading in Dow constituents was subdued as data pointed to a slowing economic recovery. up 0.09% (Compiled by Tiyashi Datta) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Align Technology Inc , up 33.5 % ** Las Vegas Sands Corp , up 8.1 % ** Discover Financial Services , up 8 % The top three S&P 500 .PL.INX percentage losers: ** Cincinnati Financial Corp , down 8.5 % ** Tractor Supply Co , down 7.3 % ** Citrix Systems Inc , down 6.2 % The top NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 62.9 % ** Maxlinear Inc , up 13 % The top three NYSE .PL.N percentage losers: ** Oblong Inc , down 20 % ** Weidai Ltd , down 15.3 % ** Nuverra Environmental Solutions Inc , down 12.8 % The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 204.3 % ** Sequential Brand , up 148.5 % ** TuanChe Ltd , up 53.9 % The top three Nasdaq .PL.O percentage losers: ** Marin Software Inc , down 28.8 % ** Puhui Wealth Investment Management Co Ltd , down 27.5 % ** Aptinyx Inc , down 21.5 % ** Tesla Inc TSLA.O: up 1.5% BUZZ-Street View: Electrifying performance keeps Tesla's 500k goal alive ** Xilinx Inc XLNX.O: up 1.5% BUZZ-Xilinx: Rises on revenue forecast ** Kinder Morgan Inc KMI.N: up 1.7% BUZZ-Street View: Kinder Morgan's recovery path filled with hurdles ** Verizon Communications Inc VZ.N: up 0.8% BUZZ-Street View: iPhone marketing, spectrum bidding key for Verizon in near term ** Thermo Fisher Scientific Inc TMO.N: up 2.3% BUZZ-Street View: Thermo Fisher's strong Q3 indicates bright long-term outlook ** AT&T Inc T.N: up 5.7% BUZZ-AT&T: Rises as phone subscribers cushion pandemic blow ** Brightcove Inc BCOV.O: up 3.9% BUZZ-Brightcove Inc: Up on Q3 revenue beat ** Align Technology Inc ALGN.O: up 33.4% BUZZ-Align Tech soars on stellar Q3; brokerages cheer signs of sustained demand ** Aptinyx Inc APTX.O: down 21.5% BUZZ-Aptinyx slides after pricing equity offering ** CSX Corp CSX.O: up 4.3% BUZZ-CSX Corp: Rises on Q3 profit beat ** Southwest Airlines Co LUV.N: up 3.5% BUZZ-Southwest Airlines: Rises as cash burn outlook soothes nerves ** Helix Energy Solutions Group HLX.N: up 10.7% BUZZ-Helix Energy Solutions Group: Gains on better-than-expected Q3 profit ** Quest Diagnostics Inc DGX.N: up 2.1% BUZZ-Quest Diagnostics gains on upbeat Q3, 2020 profit view raise ** American Airlines Group Inc AAL.O: down 1.4% BUZZ-American Airlines: Falls on Q3 loss, $1 bln planned equity offering ** Coca-Cola Co KO.N: up 1.7% BUZZ-Coca-Cola: Rises as Q3 results beat expectations ** Danaher Corp DHR.N: up 2.5% BUZZ-Danaher Corp: Up on Q3 profit, revenue beat ** Kimberly-Clark Corp KMB.N: down 5.9% BUZZ-Kimberly-Clark tumbles as Q3 profit, FY outlook fall below estimates ** Optinose Inc OPTN.O: up 5.2% BUZZ-Optinose: Up on strong prelim Q3 revenue for nasal spray Xhance ** Union Pacific Corp UNP.N: down 4.3% BUZZ-Union Pacific: Drops after Q3 results miss on weak coal, metal shipments ** Ideanomics Inc IDEX.O: up 23.9% BUZZ-Ideanomics Inc: Up on acquiring stake in Solectrac ** Martin Midstream Partners MMLP.O: down 7.9% BUZZ-Martin Midstream Partners: Down as Q3 revenue decline, CEO change ** Valero Energy Corp VLO.N: down 2.4% BUZZ-Valero Energy: Posts smaller-than-expected loss on demand recovery ** SmileDirectClub Inc SDC.O: up 7.1% BUZZ-Align Tech's stellar results brighten expectations for SmileDirectClub 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 Nasdaq inched higher at the open on Thursday as investors held out for more fiscal stimulus, while trading in Dow constituents was subdued as data pointed to a slowing economic recovery. .N At 10:12 ET, the Dow Jones Industrial Average .DJI was up 0.06% at 28,228.19.
|
The top three S&P 500 .PG.INX percentage gainers: ** Align Technology Inc , up 33.5 % ** Las Vegas Sands Corp , up 8.1 % ** Discover Financial Services , up 8 % The top three S&P 500 .PL.INX percentage losers: ** Cincinnati Financial Corp , down 8.5 % ** Tractor Supply Co , down 7.3 % ** Citrix Systems Inc , down 6.2 % The top NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 62.9 % ** Maxlinear Inc , up 13 % The top three NYSE .PL.N percentage losers: ** Oblong Inc , down 20 % ** Weidai Ltd , down 15.3 % ** Nuverra Environmental Solutions Inc , down 12.8 % The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 204.3 % ** Sequential Brand , up 148.5 % ** TuanChe Ltd , up 53.9 % The top three Nasdaq .PL.O percentage losers: ** Marin Software Inc , down 28.8 % ** Puhui Wealth Investment Management Co Ltd , down 27.5 % ** Aptinyx Inc , down 21.5 % ** Tesla Inc TSLA.O: up 1.5% BUZZ-Street View: Electrifying performance keeps Tesla's 500k goal alive ** Xilinx Inc XLNX.O: up 1.5% BUZZ-Xilinx: Rises on revenue forecast ** Kinder Morgan Inc KMI.N: up 1.7% BUZZ-Street View: Kinder Morgan's recovery path filled with hurdles ** Verizon Communications Inc VZ.N: up 0.8% BUZZ-Street View: iPhone marketing, spectrum bidding key for Verizon in near term ** Thermo Fisher Scientific Inc TMO.N: up 2.3% BUZZ-Street View: Thermo Fisher's strong Q3 indicates bright long-term outlook ** AT&T Inc T.N: up 5.7% BUZZ-AT&T: Rises as phone subscribers cushion pandemic blow ** Brightcove Inc BCOV.O: up 3.9% BUZZ-Brightcove Inc: Up on Q3 revenue beat ** Align Technology Inc ALGN.O: up 33.4% BUZZ-Align Tech soars on stellar Q3; brokerages cheer signs of sustained demand ** Aptinyx Inc APTX.O: down 21.5% BUZZ-Aptinyx slides after pricing equity offering ** CSX Corp CSX.O: up 4.3% BUZZ-CSX Corp: Rises on Q3 profit beat ** Southwest Airlines Co LUV.N: up 3.5% BUZZ-Southwest Airlines: Rises as cash burn outlook soothes nerves ** Helix Energy Solutions Group HLX.N: up 10.7% BUZZ-Helix Energy Solutions Group: Gains on better-than-expected Q3 profit ** Quest Diagnostics Inc DGX.N: up 2.1% BUZZ-Quest Diagnostics gains on upbeat Q3, 2020 profit view raise ** American Airlines Group Inc AAL.O: down 1.4% BUZZ-American Airlines: Falls on Q3 loss, $1 bln planned equity offering ** Coca-Cola Co KO.N: up 1.7% BUZZ-Coca-Cola: Rises as Q3 results beat expectations ** Danaher Corp DHR.N: up 2.5% BUZZ-Danaher Corp: Up on Q3 profit, revenue beat ** Kimberly-Clark Corp KMB.N: down 5.9% BUZZ-Kimberly-Clark tumbles as Q3 profit, FY outlook fall below estimates ** Optinose Inc OPTN.O: up 5.2% BUZZ-Optinose: Up on strong prelim Q3 revenue for nasal spray Xhance ** Union Pacific Corp UNP.N: down 4.3% BUZZ-Union Pacific: Drops after Q3 results miss on weak coal, metal shipments ** Ideanomics Inc IDEX.O: up 23.9% BUZZ-Ideanomics Inc: Up on acquiring stake in Solectrac ** Martin Midstream Partners MMLP.O: down 7.9% BUZZ-Martin Midstream Partners: Down as Q3 revenue decline, CEO change ** Valero Energy Corp VLO.N: down 2.4% BUZZ-Valero Energy: Posts smaller-than-expected loss on demand recovery ** SmileDirectClub Inc SDC.O: up 7.1% BUZZ-Align Tech's stellar results brighten expectations for SmileDirectClub 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 Nasdaq inched higher at the open on Thursday as investors held out for more fiscal stimulus, while trading in Dow constituents was subdued as data pointed to a slowing economic recovery. up 0.47% Consumer Discretionary
|
The top three S&P 500 .PG.INX percentage gainers: ** Align Technology Inc , up 33.5 % ** Las Vegas Sands Corp , up 8.1 % ** Discover Financial Services , up 8 % The top three S&P 500 .PL.INX percentage losers: ** Cincinnati Financial Corp , down 8.5 % ** Tractor Supply Co , down 7.3 % ** Citrix Systems Inc , down 6.2 % The top NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 62.9 % ** Maxlinear Inc , up 13 % The top three NYSE .PL.N percentage losers: ** Oblong Inc , down 20 % ** Weidai Ltd , down 15.3 % ** Nuverra Environmental Solutions Inc , down 12.8 % The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 204.3 % ** Sequential Brand , up 148.5 % ** TuanChe Ltd , up 53.9 % The top three Nasdaq .PL.O percentage losers: ** Marin Software Inc , down 28.8 % ** Puhui Wealth Investment Management Co Ltd , down 27.5 % ** Aptinyx Inc , down 21.5 % ** Tesla Inc TSLA.O: up 1.5% BUZZ-Street View: Electrifying performance keeps Tesla's 500k goal alive ** Xilinx Inc XLNX.O: up 1.5% BUZZ-Xilinx: Rises on revenue forecast ** Kinder Morgan Inc KMI.N: up 1.7% BUZZ-Street View: Kinder Morgan's recovery path filled with hurdles ** Verizon Communications Inc VZ.N: up 0.8% BUZZ-Street View: iPhone marketing, spectrum bidding key for Verizon in near term ** Thermo Fisher Scientific Inc TMO.N: up 2.3% BUZZ-Street View: Thermo Fisher's strong Q3 indicates bright long-term outlook ** AT&T Inc T.N: up 5.7% BUZZ-AT&T: Rises as phone subscribers cushion pandemic blow ** Brightcove Inc BCOV.O: up 3.9% BUZZ-Brightcove Inc: Up on Q3 revenue beat ** Align Technology Inc ALGN.O: up 33.4% BUZZ-Align Tech soars on stellar Q3; brokerages cheer signs of sustained demand ** Aptinyx Inc APTX.O: down 21.5% BUZZ-Aptinyx slides after pricing equity offering ** CSX Corp CSX.O: up 4.3% BUZZ-CSX Corp: Rises on Q3 profit beat ** Southwest Airlines Co LUV.N: up 3.5% BUZZ-Southwest Airlines: Rises as cash burn outlook soothes nerves ** Helix Energy Solutions Group HLX.N: up 10.7% BUZZ-Helix Energy Solutions Group: Gains on better-than-expected Q3 profit ** Quest Diagnostics Inc DGX.N: up 2.1% BUZZ-Quest Diagnostics gains on upbeat Q3, 2020 profit view raise ** American Airlines Group Inc AAL.O: down 1.4% BUZZ-American Airlines: Falls on Q3 loss, $1 bln planned equity offering ** Coca-Cola Co KO.N: up 1.7% BUZZ-Coca-Cola: Rises as Q3 results beat expectations ** Danaher Corp DHR.N: up 2.5% BUZZ-Danaher Corp: Up on Q3 profit, revenue beat ** Kimberly-Clark Corp KMB.N: down 5.9% BUZZ-Kimberly-Clark tumbles as Q3 profit, FY outlook fall below estimates ** Optinose Inc OPTN.O: up 5.2% BUZZ-Optinose: Up on strong prelim Q3 revenue for nasal spray Xhance ** Union Pacific Corp UNP.N: down 4.3% BUZZ-Union Pacific: Drops after Q3 results miss on weak coal, metal shipments ** Ideanomics Inc IDEX.O: up 23.9% BUZZ-Ideanomics Inc: Up on acquiring stake in Solectrac ** Martin Midstream Partners MMLP.O: down 7.9% BUZZ-Martin Midstream Partners: Down as Q3 revenue decline, CEO change ** Valero Energy Corp VLO.N: down 2.4% BUZZ-Valero Energy: Posts smaller-than-expected loss on demand recovery ** SmileDirectClub Inc SDC.O: up 7.1% BUZZ-Align Tech's stellar results brighten expectations for SmileDirectClub 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 Nasdaq inched higher at the open on Thursday as investors held out for more fiscal stimulus, while trading in Dow constituents was subdued as data pointed to a slowing economic recovery. .N At 10:12 ET, the Dow Jones Industrial Average .DJI was up 0.06% at 28,228.19.
|
5110.0
|
2020-10-22 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Moderna, Align Technology, Ideanomics Inc
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-tesla-moderna-align-technology-ideanomics-inc-2020-10-22
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes edged higher on Thursday as investors held out for more fiscal stimulus against the backdrop of economic data pointing to a slowing labor market recovery. .N
At 11:18 ET, the Dow Jones Industrial Average .DJI was down 0.08% at 28,187.18. The S&P 500 .SPX was down 0.02% at 3,435.03 and the Nasdaq Composite .IXIC was down 0.46% at 11,432.016. The top three S&P 500 .PG.INX percentage gainers: ** Align Technology Inc , up 31.6 % ** Las Vegas Sands Corp , up 8.8 % ** Snap-On Inc , up 7.9 % The top three S&P 500 .PL.INX percentage losers: ** Cincinnati Financial Corp , down 7 % ** Tractor Supply Co , down 6.4 % ** Citrix Systems Inc , down 6.3 % The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 24.6 % ** iHuman Inc , up 15.5 % ** North American Construction Group Ltd , up 12.2 % The top three NYSE .PL.N percentage losers: ** Oblong Inc , down 20 % ** Nuverra Environmental Solutions Inc , down 19.6 % ** Weidai Ltd , down 17.7 % The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 438.3 % ** Sequential Brands Group Inc , up 130.7 % ** TuanChe Ltd , up 72.7 % The top three Nasdaq .PL.O percentage losers: ** Marin Software Inc , down 28.3 % ** Aptinyx Inc , down 20.9 % ** Puhui Wealth Investment Management Co Ltd , down 19.1 % ** Tesla Inc TSLA.O: up 2.0%
BUZZ-Street View: Electrifying performance keeps Tesla's 500k goal alive ** Xilinx Inc XLNX.O: up 1.4%
BUZZ-Xilinx: Rises on revenue forecast ** Kinder Morgan Inc KMI.N: up 2.0%
BUZZ-Street View: Kinder Morgan's recovery path filled with hurdles ** Verizon Communications Inc VZ.N: up 1.2%
BUZZ-Street View: iPhone marketing, spectrum bidding key for Verizon in near term
** Thermo Fisher Scientific Inc TMO.N: up 2.6%
BUZZ-Street View: Thermo Fisher's strong Q3 indicates bright long-term outlook
** Peloton Interactive PTON.O: down 0.9%
BUZZ-Peloton: Drops after GS downgrade, but long-term prospects remain ** AT&T Inc T.N: up 6.0%
BUZZ-AT&T: Rises as phone subscribers cushion pandemic blow
** Brightcove Inc BCOV.O: up 6.9%
BUZZ-Brightcove Inc: Up on Q3 revenue beat ** Align Technology Inc ALGN.O: up 31.6%
BUZZ-Align Tech soars on stellar Q3; brokerages cheer signs of sustained demand ** Aptinyx Inc APTX.O: down 20.9%
BUZZ-Aptinyx slides after pricing equity offering
** CSX Corp CSX.O: up 3.7%
BUZZ-CSX Corp: Rises on Q3 profit beat
** Southwest Airlines Co LUV.N: up 4.9%
BUZZ-Southwest Airlines: Rises as cash burn outlook soothes nerves ** Helix Energy Solutions Group HLX.N: up 10.0%
BUZZ-Helix Energy Solutions Group: Gains on better-than-expected Q3 profit ** Quest Diagnostics Inc DGX.N: up 2.2%
BUZZ-Quest Diagnostics gains on upbeat Q3, 2020 profit view raise ** American Airlines Group Inc AAL.O: up 1.4%
BUZZ-American Airlines: Falls on Q3 loss, $1 bln planned equity offering ** Coca-Cola Co KO.N: up 1.5%
BUZZ-Coca-Cola: Rises as Q3 results beat expectations ** Danaher Corp DHR.N: up 2.2%
BUZZ-Danaher Corp: Up on Q3 profit, revenue beat ** Kimberly-Clark Corp KMB.N: down 4.4%
BUZZ-Kimberly-Clark tumbles as Q3 profit, FY outlook fall below estimates ** Optinose Inc OPTN.O: up 7.4%
BUZZ-Optinose: Up on strong prelim Q3 revenue for nasal spray Xhance ** Fifth Third Bancorp FITB.O: up 1.4%
BUZZ-Fifth Third Bancorp: Gains after Q3 profit beat ** Union Pacific Corp UNP.N: down 5.6%
BUZZ-Union Pacific: Drops after Q3 results miss on weak coal, metal shipments ** Ideanomics Inc IDEX.O: up 17.4%
BUZZ-Ideanomics Inc: Up on acquiring stake in Solectrac ** Martin Midstream Partners MMLP.O: down 2.2%
BUZZ-Martin Midstream Partners: Down as Q3 revenue decline, CEO change ** Amyris Inc AMRS.O: up 1.1%
BUZZ-Amyris: Rises on agreement for speeding up COVID-19 vaccine development ** SmileDirectClub Inc SDC.O: up 6.9%
BUZZ-Align Tech's stellar results brighten expectations for SmileDirectClub
** Tractor Supply Co TSCO.O: down 6.4%
BUZZ-Tractor Supply: Profit growth target fails to impress analysts, shares drop ** Patterson-UTI Energy Inc PTEN.O: up 4.2%
BUZZ-Patterson-UTI Energy: Surges on smaller-than-expected Q3 loss ** Northrop Grumman Corp NOC.N: up 1.1%
BUZZ-Northrop Grumman: Up after results beat on higher weapons sales ** Getty Realty Corp GTY.N: up 7.0%
BUZZ-Getty Realty Corp: Up as JP Morgan upgrades on "solid" performance ** Clarus Corp CLAR.O: down 15.1%
BUZZ-Clarus dives after co launches convertible debt offering ** Moderna Inc MRNA.O: up 3.0%
BUZZ-Moderna rises on completing enrollment for late-stage COVID-19 vaccine study
** First Internet Bancorp INBK.O: up 13.8%
BUZZ-First Internet Bancorp jumps after quarterly earnings beat
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.45%
Consumer Discretionary
.SPLRCD
down 0.49%
Consumer Staples
.SPLRCS
down 0.31%
Energy
.SPNY
up 1.59%
Financial
.SPSY
up 1.24%
Health
.SPXHC
up 0.98%
Industrial
.SPLRCI
up 0.51%
Information Technology
.SPLRCT
down 0.86%
Materials
.SPLRCM
down 0.29%
Real Estate
.SPLRCR
down 0.16%
Utilities
.SPLRCU
up 1.00%
(Compiled by Tiyashi Datta)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Align Technology Inc , up 31.6 % ** Las Vegas Sands Corp , up 8.8 % ** Snap-On Inc , up 7.9 % The top three S&P 500 .PL.INX percentage losers: ** Cincinnati Financial Corp , down 7 % ** Tractor Supply Co , down 6.4 % ** Citrix Systems Inc , down 6.3 % The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 24.6 % ** iHuman Inc , up 15.5 % ** North American Construction Group Ltd , up 12.2 % The top three NYSE .PL.N percentage losers: ** Oblong Inc , down 20 % ** Nuverra Environmental Solutions Inc , down 19.6 % ** Weidai Ltd , down 17.7 % The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 438.3 % ** Sequential Brands Group Inc , up 130.7 % ** TuanChe Ltd , up 72.7 % The top three Nasdaq .PL.O percentage losers: ** Marin Software Inc , down 28.3 % ** Aptinyx Inc , down 20.9 % ** Puhui Wealth Investment Management Co Ltd , down 19.1 % ** Tesla Inc TSLA.O: up 2.0% BUZZ-Street View: Electrifying performance keeps Tesla's 500k goal alive ** Xilinx Inc XLNX.O: up 1.4% BUZZ-Xilinx: Rises on revenue forecast ** Kinder Morgan Inc KMI.N: up 2.0% BUZZ-Street View: Kinder Morgan's recovery path filled with hurdles ** Verizon Communications Inc VZ.N: up 1.2% BUZZ-Street View: iPhone marketing, spectrum bidding key for Verizon in near term ** Thermo Fisher Scientific Inc TMO.N: up 2.6% BUZZ-Street View: Thermo Fisher's strong Q3 indicates bright long-term outlook ** Peloton Interactive PTON.O: down 0.9% BUZZ-Peloton: Drops after GS downgrade, but long-term prospects remain ** AT&T Inc T.N: up 6.0% BUZZ-AT&T: Rises as phone subscribers cushion pandemic blow ** Brightcove Inc BCOV.O: up 6.9% BUZZ-Brightcove Inc: Up on Q3 revenue beat ** Align Technology Inc ALGN.O: up 31.6% BUZZ-Align Tech soars on stellar Q3; brokerages cheer signs of sustained demand ** Aptinyx Inc APTX.O: down 20.9% BUZZ-Aptinyx slides after pricing equity offering ** CSX Corp CSX.O: up 3.7% BUZZ-CSX Corp: Rises on Q3 profit beat ** Southwest Airlines Co LUV.N: up 4.9% BUZZ-Southwest Airlines: Rises as cash burn outlook soothes nerves ** Helix Energy Solutions Group HLX.N: up 10.0% BUZZ-Helix Energy Solutions Group: Gains on better-than-expected Q3 profit ** Quest Diagnostics Inc DGX.N: up 2.2% BUZZ-Quest Diagnostics gains on upbeat Q3, 2020 profit view raise ** American Airlines Group Inc AAL.O: up 1.4% BUZZ-American Airlines: Falls on Q3 loss, $1 bln planned equity offering ** Coca-Cola Co KO.N: up 1.5% BUZZ-Coca-Cola: Rises as Q3 results beat expectations ** Danaher Corp DHR.N: up 2.2% BUZZ-Danaher Corp: Up on Q3 profit, revenue beat ** Kimberly-Clark Corp KMB.N: down 4.4% BUZZ-Kimberly-Clark tumbles as Q3 profit, FY outlook fall below estimates ** Optinose Inc OPTN.O: up 7.4% BUZZ-Optinose: Up on strong prelim Q3 revenue for nasal spray Xhance ** Fifth Third Bancorp FITB.O: up 1.4% BUZZ-Fifth Third Bancorp: Gains after Q3 profit beat ** Union Pacific Corp UNP.N: down 5.6% BUZZ-Union Pacific: Drops after Q3 results miss on weak coal, metal shipments ** Ideanomics Inc IDEX.O: up 17.4% BUZZ-Ideanomics Inc: Up on acquiring stake in Solectrac ** Martin Midstream Partners MMLP.O: down 2.2% BUZZ-Martin Midstream Partners: Down as Q3 revenue decline, CEO change ** Amyris Inc AMRS.O: up 1.1% BUZZ-Amyris: Rises on agreement for speeding up COVID-19 vaccine development ** SmileDirectClub Inc SDC.O: up 6.9% BUZZ-Align Tech's stellar results brighten expectations for SmileDirectClub ** Tractor Supply Co TSCO.O: down 6.4% BUZZ-Tractor Supply: Profit growth target fails to impress analysts, shares drop ** Patterson-UTI Energy Inc PTEN.O: up 4.2% BUZZ-Patterson-UTI Energy: Surges on smaller-than-expected Q3 loss ** Northrop Grumman Corp NOC.N: up 1.1% BUZZ-Northrop Grumman: Up after results beat on higher weapons sales ** Getty Realty Corp GTY.N: up 7.0% BUZZ-Getty Realty Corp: Up as JP Morgan upgrades on "solid" performance ** Clarus Corp CLAR.O: down 15.1% BUZZ-Clarus dives after co launches convertible debt offering ** Moderna Inc MRNA.O: up 3.0% BUZZ-Moderna rises on completing enrollment for late-stage COVID-19 vaccine study ** First Internet Bancorp INBK.O: up 13.8% BUZZ-First Internet Bancorp jumps after quarterly earnings beat 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 edged higher on Thursday as investors held out for more fiscal stimulus against the backdrop of economic data pointing to a slowing labor market recovery. up 1.00% (Compiled by Tiyashi Datta) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Align Technology Inc , up 31.6 % ** Las Vegas Sands Corp , up 8.8 % ** Snap-On Inc , up 7.9 % The top three S&P 500 .PL.INX percentage losers: ** Cincinnati Financial Corp , down 7 % ** Tractor Supply Co , down 6.4 % ** Citrix Systems Inc , down 6.3 % The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 24.6 % ** iHuman Inc , up 15.5 % ** North American Construction Group Ltd , up 12.2 % The top three NYSE .PL.N percentage losers: ** Oblong Inc , down 20 % ** Nuverra Environmental Solutions Inc , down 19.6 % ** Weidai Ltd , down 17.7 % The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 438.3 % ** Sequential Brands Group Inc , up 130.7 % ** TuanChe Ltd , up 72.7 % The top three Nasdaq .PL.O percentage losers: ** Marin Software Inc , down 28.3 % ** Aptinyx Inc , down 20.9 % ** Puhui Wealth Investment Management Co Ltd , down 19.1 % ** Tesla Inc TSLA.O: up 2.0% BUZZ-Street View: Electrifying performance keeps Tesla's 500k goal alive ** Xilinx Inc XLNX.O: up 1.4% BUZZ-Xilinx: Rises on revenue forecast ** Kinder Morgan Inc KMI.N: up 2.0% BUZZ-Street View: Kinder Morgan's recovery path filled with hurdles ** Verizon Communications Inc VZ.N: up 1.2% BUZZ-Street View: iPhone marketing, spectrum bidding key for Verizon in near term ** Thermo Fisher Scientific Inc TMO.N: up 2.6% BUZZ-Street View: Thermo Fisher's strong Q3 indicates bright long-term outlook ** Peloton Interactive PTON.O: down 0.9% BUZZ-Peloton: Drops after GS downgrade, but long-term prospects remain ** AT&T Inc T.N: up 6.0% BUZZ-AT&T: Rises as phone subscribers cushion pandemic blow ** Brightcove Inc BCOV.O: up 6.9% BUZZ-Brightcove Inc: Up on Q3 revenue beat ** Align Technology Inc ALGN.O: up 31.6% BUZZ-Align Tech soars on stellar Q3; brokerages cheer signs of sustained demand ** Aptinyx Inc APTX.O: down 20.9% BUZZ-Aptinyx slides after pricing equity offering ** CSX Corp CSX.O: up 3.7% BUZZ-CSX Corp: Rises on Q3 profit beat ** Southwest Airlines Co LUV.N: up 4.9% BUZZ-Southwest Airlines: Rises as cash burn outlook soothes nerves ** Helix Energy Solutions Group HLX.N: up 10.0% BUZZ-Helix Energy Solutions Group: Gains on better-than-expected Q3 profit ** Quest Diagnostics Inc DGX.N: up 2.2% BUZZ-Quest Diagnostics gains on upbeat Q3, 2020 profit view raise ** American Airlines Group Inc AAL.O: up 1.4% BUZZ-American Airlines: Falls on Q3 loss, $1 bln planned equity offering ** Coca-Cola Co KO.N: up 1.5% BUZZ-Coca-Cola: Rises as Q3 results beat expectations ** Danaher Corp DHR.N: up 2.2% BUZZ-Danaher Corp: Up on Q3 profit, revenue beat ** Kimberly-Clark Corp KMB.N: down 4.4% BUZZ-Kimberly-Clark tumbles as Q3 profit, FY outlook fall below estimates ** Optinose Inc OPTN.O: up 7.4% BUZZ-Optinose: Up on strong prelim Q3 revenue for nasal spray Xhance ** Fifth Third Bancorp FITB.O: up 1.4% BUZZ-Fifth Third Bancorp: Gains after Q3 profit beat ** Union Pacific Corp UNP.N: down 5.6% BUZZ-Union Pacific: Drops after Q3 results miss on weak coal, metal shipments ** Ideanomics Inc IDEX.O: up 17.4% BUZZ-Ideanomics Inc: Up on acquiring stake in Solectrac ** Martin Midstream Partners MMLP.O: down 2.2% BUZZ-Martin Midstream Partners: Down as Q3 revenue decline, CEO change ** Amyris Inc AMRS.O: up 1.1% BUZZ-Amyris: Rises on agreement for speeding up COVID-19 vaccine development ** SmileDirectClub Inc SDC.O: up 6.9% BUZZ-Align Tech's stellar results brighten expectations for SmileDirectClub ** Tractor Supply Co TSCO.O: down 6.4% BUZZ-Tractor Supply: Profit growth target fails to impress analysts, shares drop ** Patterson-UTI Energy Inc PTEN.O: up 4.2% BUZZ-Patterson-UTI Energy: Surges on smaller-than-expected Q3 loss ** Northrop Grumman Corp NOC.N: up 1.1% BUZZ-Northrop Grumman: Up after results beat on higher weapons sales ** Getty Realty Corp GTY.N: up 7.0% BUZZ-Getty Realty Corp: Up as JP Morgan upgrades on "solid" performance ** Clarus Corp CLAR.O: down 15.1% BUZZ-Clarus dives after co launches convertible debt offering ** Moderna Inc MRNA.O: up 3.0% BUZZ-Moderna rises on completing enrollment for late-stage COVID-19 vaccine study ** First Internet Bancorp INBK.O: up 13.8% BUZZ-First Internet Bancorp jumps after quarterly earnings beat 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 edged higher on Thursday as investors held out for more fiscal stimulus against the backdrop of economic data pointing to a slowing labor market recovery. up 1.00% (Compiled by Tiyashi Datta) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Align Technology Inc , up 31.6 % ** Las Vegas Sands Corp , up 8.8 % ** Snap-On Inc , up 7.9 % The top three S&P 500 .PL.INX percentage losers: ** Cincinnati Financial Corp , down 7 % ** Tractor Supply Co , down 6.4 % ** Citrix Systems Inc , down 6.3 % The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 24.6 % ** iHuman Inc , up 15.5 % ** North American Construction Group Ltd , up 12.2 % The top three NYSE .PL.N percentage losers: ** Oblong Inc , down 20 % ** Nuverra Environmental Solutions Inc , down 19.6 % ** Weidai Ltd , down 17.7 % The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 438.3 % ** Sequential Brands Group Inc , up 130.7 % ** TuanChe Ltd , up 72.7 % The top three Nasdaq .PL.O percentage losers: ** Marin Software Inc , down 28.3 % ** Aptinyx Inc , down 20.9 % ** Puhui Wealth Investment Management Co Ltd , down 19.1 % ** Tesla Inc TSLA.O: up 2.0% BUZZ-Street View: Electrifying performance keeps Tesla's 500k goal alive ** Xilinx Inc XLNX.O: up 1.4% BUZZ-Xilinx: Rises on revenue forecast ** Kinder Morgan Inc KMI.N: up 2.0% BUZZ-Street View: Kinder Morgan's recovery path filled with hurdles ** Verizon Communications Inc VZ.N: up 1.2% BUZZ-Street View: iPhone marketing, spectrum bidding key for Verizon in near term ** Thermo Fisher Scientific Inc TMO.N: up 2.6% BUZZ-Street View: Thermo Fisher's strong Q3 indicates bright long-term outlook ** Peloton Interactive PTON.O: down 0.9% BUZZ-Peloton: Drops after GS downgrade, but long-term prospects remain ** AT&T Inc T.N: up 6.0% BUZZ-AT&T: Rises as phone subscribers cushion pandemic blow ** Brightcove Inc BCOV.O: up 6.9% BUZZ-Brightcove Inc: Up on Q3 revenue beat ** Align Technology Inc ALGN.O: up 31.6% BUZZ-Align Tech soars on stellar Q3; brokerages cheer signs of sustained demand ** Aptinyx Inc APTX.O: down 20.9% BUZZ-Aptinyx slides after pricing equity offering ** CSX Corp CSX.O: up 3.7% BUZZ-CSX Corp: Rises on Q3 profit beat ** Southwest Airlines Co LUV.N: up 4.9% BUZZ-Southwest Airlines: Rises as cash burn outlook soothes nerves ** Helix Energy Solutions Group HLX.N: up 10.0% BUZZ-Helix Energy Solutions Group: Gains on better-than-expected Q3 profit ** Quest Diagnostics Inc DGX.N: up 2.2% BUZZ-Quest Diagnostics gains on upbeat Q3, 2020 profit view raise ** American Airlines Group Inc AAL.O: up 1.4% BUZZ-American Airlines: Falls on Q3 loss, $1 bln planned equity offering ** Coca-Cola Co KO.N: up 1.5% BUZZ-Coca-Cola: Rises as Q3 results beat expectations ** Danaher Corp DHR.N: up 2.2% BUZZ-Danaher Corp: Up on Q3 profit, revenue beat ** Kimberly-Clark Corp KMB.N: down 4.4% BUZZ-Kimberly-Clark tumbles as Q3 profit, FY outlook fall below estimates ** Optinose Inc OPTN.O: up 7.4% BUZZ-Optinose: Up on strong prelim Q3 revenue for nasal spray Xhance ** Fifth Third Bancorp FITB.O: up 1.4% BUZZ-Fifth Third Bancorp: Gains after Q3 profit beat ** Union Pacific Corp UNP.N: down 5.6% BUZZ-Union Pacific: Drops after Q3 results miss on weak coal, metal shipments ** Ideanomics Inc IDEX.O: up 17.4% BUZZ-Ideanomics Inc: Up on acquiring stake in Solectrac ** Martin Midstream Partners MMLP.O: down 2.2% BUZZ-Martin Midstream Partners: Down as Q3 revenue decline, CEO change ** Amyris Inc AMRS.O: up 1.1% BUZZ-Amyris: Rises on agreement for speeding up COVID-19 vaccine development ** SmileDirectClub Inc SDC.O: up 6.9% BUZZ-Align Tech's stellar results brighten expectations for SmileDirectClub ** Tractor Supply Co TSCO.O: down 6.4% BUZZ-Tractor Supply: Profit growth target fails to impress analysts, shares drop ** Patterson-UTI Energy Inc PTEN.O: up 4.2% BUZZ-Patterson-UTI Energy: Surges on smaller-than-expected Q3 loss ** Northrop Grumman Corp NOC.N: up 1.1% BUZZ-Northrop Grumman: Up after results beat on higher weapons sales ** Getty Realty Corp GTY.N: up 7.0% BUZZ-Getty Realty Corp: Up as JP Morgan upgrades on "solid" performance ** Clarus Corp CLAR.O: down 15.1% BUZZ-Clarus dives after co launches convertible debt offering ** Moderna Inc MRNA.O: up 3.0% BUZZ-Moderna rises on completing enrollment for late-stage COVID-19 vaccine study ** First Internet Bancorp INBK.O: up 13.8% BUZZ-First Internet Bancorp jumps after quarterly earnings beat The 11 major S&P 500 sectors: Communication Services .N At 11:18 ET, the Dow Jones Industrial Average .DJI was down 0.08% at 28,187.18. up 0.45% Consumer Discretionary
|
The top three S&P 500 .PG.INX percentage gainers: ** Align Technology Inc , up 31.6 % ** Las Vegas Sands Corp , up 8.8 % ** Snap-On Inc , up 7.9 % The top three S&P 500 .PL.INX percentage losers: ** Cincinnati Financial Corp , down 7 % ** Tractor Supply Co , down 6.4 % ** Citrix Systems Inc , down 6.3 % The top three NYSE .PG.N percentage gainers: ** AeroCentury Corp , up 24.6 % ** iHuman Inc , up 15.5 % ** North American Construction Group Ltd , up 12.2 % The top three NYSE .PL.N percentage losers: ** Oblong Inc , down 20 % ** Nuverra Environmental Solutions Inc , down 19.6 % ** Weidai Ltd , down 17.7 % The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 438.3 % ** Sequential Brands Group Inc , up 130.7 % ** TuanChe Ltd , up 72.7 % The top three Nasdaq .PL.O percentage losers: ** Marin Software Inc , down 28.3 % ** Aptinyx Inc , down 20.9 % ** Puhui Wealth Investment Management Co Ltd , down 19.1 % ** Tesla Inc TSLA.O: up 2.0% BUZZ-Street View: Electrifying performance keeps Tesla's 500k goal alive ** Xilinx Inc XLNX.O: up 1.4% BUZZ-Xilinx: Rises on revenue forecast ** Kinder Morgan Inc KMI.N: up 2.0% BUZZ-Street View: Kinder Morgan's recovery path filled with hurdles ** Verizon Communications Inc VZ.N: up 1.2% BUZZ-Street View: iPhone marketing, spectrum bidding key for Verizon in near term ** Thermo Fisher Scientific Inc TMO.N: up 2.6% BUZZ-Street View: Thermo Fisher's strong Q3 indicates bright long-term outlook ** Peloton Interactive PTON.O: down 0.9% BUZZ-Peloton: Drops after GS downgrade, but long-term prospects remain ** AT&T Inc T.N: up 6.0% BUZZ-AT&T: Rises as phone subscribers cushion pandemic blow ** Brightcove Inc BCOV.O: up 6.9% BUZZ-Brightcove Inc: Up on Q3 revenue beat ** Align Technology Inc ALGN.O: up 31.6% BUZZ-Align Tech soars on stellar Q3; brokerages cheer signs of sustained demand ** Aptinyx Inc APTX.O: down 20.9% BUZZ-Aptinyx slides after pricing equity offering ** CSX Corp CSX.O: up 3.7% BUZZ-CSX Corp: Rises on Q3 profit beat ** Southwest Airlines Co LUV.N: up 4.9% BUZZ-Southwest Airlines: Rises as cash burn outlook soothes nerves ** Helix Energy Solutions Group HLX.N: up 10.0% BUZZ-Helix Energy Solutions Group: Gains on better-than-expected Q3 profit ** Quest Diagnostics Inc DGX.N: up 2.2% BUZZ-Quest Diagnostics gains on upbeat Q3, 2020 profit view raise ** American Airlines Group Inc AAL.O: up 1.4% BUZZ-American Airlines: Falls on Q3 loss, $1 bln planned equity offering ** Coca-Cola Co KO.N: up 1.5% BUZZ-Coca-Cola: Rises as Q3 results beat expectations ** Danaher Corp DHR.N: up 2.2% BUZZ-Danaher Corp: Up on Q3 profit, revenue beat ** Kimberly-Clark Corp KMB.N: down 4.4% BUZZ-Kimberly-Clark tumbles as Q3 profit, FY outlook fall below estimates ** Optinose Inc OPTN.O: up 7.4% BUZZ-Optinose: Up on strong prelim Q3 revenue for nasal spray Xhance ** Fifth Third Bancorp FITB.O: up 1.4% BUZZ-Fifth Third Bancorp: Gains after Q3 profit beat ** Union Pacific Corp UNP.N: down 5.6% BUZZ-Union Pacific: Drops after Q3 results miss on weak coal, metal shipments ** Ideanomics Inc IDEX.O: up 17.4% BUZZ-Ideanomics Inc: Up on acquiring stake in Solectrac ** Martin Midstream Partners MMLP.O: down 2.2% BUZZ-Martin Midstream Partners: Down as Q3 revenue decline, CEO change ** Amyris Inc AMRS.O: up 1.1% BUZZ-Amyris: Rises on agreement for speeding up COVID-19 vaccine development ** SmileDirectClub Inc SDC.O: up 6.9% BUZZ-Align Tech's stellar results brighten expectations for SmileDirectClub ** Tractor Supply Co TSCO.O: down 6.4% BUZZ-Tractor Supply: Profit growth target fails to impress analysts, shares drop ** Patterson-UTI Energy Inc PTEN.O: up 4.2% BUZZ-Patterson-UTI Energy: Surges on smaller-than-expected Q3 loss ** Northrop Grumman Corp NOC.N: up 1.1% BUZZ-Northrop Grumman: Up after results beat on higher weapons sales ** Getty Realty Corp GTY.N: up 7.0% BUZZ-Getty Realty Corp: Up as JP Morgan upgrades on "solid" performance ** Clarus Corp CLAR.O: down 15.1% BUZZ-Clarus dives after co launches convertible debt offering ** Moderna Inc MRNA.O: up 3.0% BUZZ-Moderna rises on completing enrollment for late-stage COVID-19 vaccine study ** First Internet Bancorp INBK.O: up 13.8% BUZZ-First Internet Bancorp jumps after quarterly earnings beat 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 edged higher on Thursday as investors held out for more fiscal stimulus against the backdrop of economic data pointing to a slowing labor market recovery. .N At 11:18 ET, the Dow Jones Industrial Average .DJI was down 0.08% at 28,187.18.
|
5111.0
|
2020-10-22 00:00:00 UTC
|
Surging Airlines Give Stock Markets a Lift
|
AAL
|
https://www.nasdaq.com/articles/surging-airlines-give-stock-markets-a-lift-2020-10-22
|
nan
|
nan
|
The stock market recovered some ground on Thursday as market participants got more optimistic about the prospects for a new government stimulus package. Despite partisan conflict, signs emerged that lawmakers on Capitol Hill might be able to reach some kind of consensus. Given that many investors had written off such aid until at least after the November elections, that was enough to send the Dow Jones Industrials (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) higher.
Today's stock market
INDEX
PERCENTAGE CHANGE
POINT CHANGE
Dow
+0.55%
+154
S&P 500
+0.52%
+18
Nasdaq Composite
+0.19%
+21
Data source: Yahoo! Finance.
Airline stocks have been especially sensitive to the fate of a stimulus package, given that they could be among the major beneficiaries of federal legislation. With Southwest Airlines (NYSE: LUV) and American Airlines Group (NASDAQ: AAL) offering their takes on the industry with their quarterly financial results earlier today, there's still plenty of work to do before airlines recover fully. Nevertheless, optimism ran rampant in sending most stocks in the sector sharply higher.
Flying higher
Southwest shares closed up 5% on the day. The airline's third-quarter results weren't ideal, but they weren't nearly as bad as many had feared.
Revenue at Southwest plunged 68% from year-ago levels. Revenue per available seat mile dropped almost 53% year over year, with load factors falling nearly 39 percentage points. That produced a net loss of $1.2 billion for the airline. However, Southwest saw load factors improve over the course of the quarter. July's number of 42.6% climbed to 51.5% by September.
Image source: Getty Images.
Moreover, investors seemed pleased that Southwest decided to join most other carriers in making middle seats available for passengers starting on Dec. 1. CEO Gary Kelly pointed to scientific research that suggested such a move would still be consistent with Southwest's commitment to safety.
Meanwhile, American was higher by just 3%. The airline's results had a lot in common with Southwest's, with revenue falling 73% and American seeing a net loss of $2.8 billion after adjusting for special items.
Both airlines said they had ample liquidity. Efforts to reduce costs and preserve cash have helped to reduce cash-burn rates, giving airlines more time to wait for industry conditions to improve.
What it'll take for airlines to rebound
Investors across the industry celebrated the more optimistic aspects of the two airlines' reports. Delta Air Lines (NYSE: DAL) and United Airlines Holdings (NASDAQ: UAL) were up 7% and 5%, respectively. Smaller carriers were up even more sharply, with Hawaiian Holdings (NASDAQ: HA) jumping 18% and JetBlue Airways (NASDAQ: JBLU) coming in with a 9% rise.
Yet even the airlines indicated that what's truly needed is a complete solution to the coronavirus crisis. Until there's a vaccine or other solution to eliminate the safety risks of COVID-19, a large group of people will choose not to travel by air.
In that light, it's possible that airline stocks are getting ahead of themselves. After today's gains, Southwest is down just 22% from where it started the year. With so much uncertainty still remaining, any setbacks could cause airlines to give back some of their recent gains.
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
Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends 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.
|
With Southwest Airlines (NYSE: LUV) and American Airlines Group (NASDAQ: AAL) offering their takes on the industry with their quarterly financial results earlier today, there's still plenty of work to do before airlines recover fully. Given that many investors had written off such aid until at least after the November elections, that was enough to send the Dow Jones Industrials (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) higher. CEO Gary Kelly pointed to scientific research that suggested such a move would still be consistent with Southwest's commitment to safety.
|
With Southwest Airlines (NYSE: LUV) and American Airlines Group (NASDAQ: AAL) offering their takes on the industry with their quarterly financial results earlier today, there's still plenty of work to do before airlines recover fully. Delta Air Lines (NYSE: DAL) and United Airlines Holdings (NASDAQ: UAL) were up 7% and 5%, respectively. The Motley Fool recommends Delta Air Lines, Hawaiian Holdings, JetBlue Airways, and Southwest Airlines.
|
With Southwest Airlines (NYSE: LUV) and American Airlines Group (NASDAQ: AAL) offering their takes on the industry with their quarterly financial results earlier today, there's still plenty of work to do before airlines recover fully. 10 stocks we like better than Southwest Airlines When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * 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!
|
With Southwest Airlines (NYSE: LUV) and American Airlines Group (NASDAQ: AAL) offering their takes on the industry with their quarterly financial results earlier today, there's still plenty of work to do before airlines recover fully. Given that many investors had written off such aid until at least after the November elections, that was enough to send the Dow Jones Industrials (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) higher. The airline's results had a lot in common with Southwest's, with revenue falling 73% and American seeing a net loss of $2.8 billion after adjusting for special items.
|
5112.0
|
2020-10-22 00:00:00 UTC
|
American Airlines Group (AAL) Q3 2020 Earnings Call Transcript
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-group-aal-q3-2020-earnings-call-transcript-2020-10-23
|
nan
|
nan
|
Image source: The Motley Fool.
American Airlines Group (NASDAQ: AAL)
Q3 2020 Earnings Call
Oct 22, 2020, 8:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the American Airlines Group third-quarter 2020earnings call Today's conference is being recorded. [Operator instructions] And now, I would like to turn the conference over to your moderator, managing director of investor relations, Mr. Dan Cravens.
Please go ahead.
Dan Cravens -- Moderator, Managing Director of Investor Relations
Thanks, operator, and good morning, everyone, and welcome to the American Airlines third-quarter 2020earnings conference call In the room, are on the call with us this morning, we have Doug Parker, our chairman and CEO; Robert Isom, president; and Derek Kerr, chief financial officer. Also on the call for a Q&A session are several of our senior execs, including Maya Leibman, chief information officer; Steve Johnson, our EVP of corporate affairs; Vasu Raja, our chief revenue officer; Alison Taylor, our chief customer officer; and David Seymour, our chief operating officer. Like we normally do, Doug will start the call with an overview of our quarter and the actions we are taking during this pandemic.
Robert will then follow with some remarks about our commercial initiatives. And after Robert's remarks, Derek will follow with the details on our liquidity and cost outlook. After Derek's comments, we will open the call for analyst questions and lastly, questions from the media. To get in as many questions as possible, please limit yourself to one question and a follow-up.
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
Before we begin, we must state that today's call does contain forward-looking statements, including statements concerning future revenues, costs, forecast of capacity, fleet plans and liquidity. These statements represent our predictions and expectations as to future events, but there are numerous risks and uncertainties that could cause actual results to differ from those projected. Information about some of these risks and uncertainties can be found in our earnings press release issued this morning and our Form 10-Q for the quarter ended September 30, 2020. In addition, we will be discussing certain non-GAAP financial measures this morning, which exclude the impact of unusual items.
A reconciliation of those numbers to the GAAP financial measures is included in the earnings release, and that can be found on the investor relations section of our website. A webcast of this call will also be archived on the website. The information that we're giving you on the call is as of today's date, and we undertake no obligation to update the information subsequently. So, thanks again for joining us.
And at this point, I'd like to turn the call over to our chairman and CEO, Doug Parker.
Doug Parker -- Chairman and Chief Executive Officer
Thank, Dan. Good morning, everybody, and thank you for joining us. So, there's no doubt, this continues to be an unprecedented time for our entire industry, our team and our entire customers. At American, we continue to take actions so that we can manage through this pandemic and position our airline for success when demand returns.
So I'm going to start with a quick summary of our results from the quarter, which were improved versus earlier in the year, but still reflecting extremely challenging environment we're in today. Our third-quarter pre-tax loss, excluding net special items, was $3.6 billion. Our revenues were down 73% year over year. In this environment, we've continued to focus on controlling what we can, reducing costs and cash burn front and center.
In total, we removed approximately $17 billion in costs from our business, and our cash burn rate declined markedly versus second quarter. We ended the quarter with a pro forma liquidity balance of approximately $15.6 billion, which is much more liquidity than we've ever had before and more than double where we began this year. And customer confidence is gradually beginning to return. We continue to evolve in this new era of travel.
The foundation of all that of course, is our incredible team. These are difficult times for sure, and we couldn't be prouder of how the American team is handling the situation. Our team is out there keeping our country moving, safely transporting hundreds of thousands of people around the globe every day. And we're doing an excellent job of generating revenue in this environment, and it's making a difference, both for American Airlines and the United States in general.
It's why it was so difficult to see October 1 pass without having the payroll support program and the CARES Act extended, both in support of our team and the commercial aviation infrastructure that is going to be critical to an economic rebound. There's an enormous bipartisan support for an extension, but unfortunately, our elected officials still haven't been able to get it enacted because they've been unable to agree on broader COVID relief legislation. So without the extension, we had to furlough 19,000 of our team members beginning October 1, and we discontinued service to numerous markets around the country. We remain hopeful that our elected officials can come together on this important legislation on behalf of our team, our industry and working Americans in our economy at large.
Elections matter. But there's nothing pulling higher than support for a COVID relief stimulus package. And PSP extension will be an important component of any such package. Robert and Derek will talk more about our results and our path forward.
We know that every action we took in the third quarter, centered on our aggressive plan to bolster liquidity, conserve cash and ensure that customers can fly with complete confidence when they travel with America. On the liquidity front, American, as I said, ended the third quarter with approximately $13.6 billion of available liquidity and $15.6 billion when you pro forma for an additional $2 billion in authorized capacity through the CARES Act loan program, which was finalized just this week. And also this morning, we announced, on top of that authorization to issue up to $1 billion of equity in an aftermarket offering. As to conserving cash in this environment, we're focusing on what we can control.
To that end, we worked relentlessly to rightsize all aspects of the airline. This has been done primarily through cost savings resulting from reduced flying and long term structural changes to our fleet and our infrastructure. We continue to realize the benefits, both financially and operationally, accelerating the retirement of more than 150 aircraft from our fleet. And thanks to these efforts, along with gradual improvements in the revenue environment, we continue to bring down our daily cash burn.
Our burn rate improved by approximately $14 million per day during the third quarter from $58 million down to 44 million, and we expect our fourth-quarter burn rate to be improved even more to between 25 million and 30 million per day. And we expect that number to continue to drop going forward as demand for air travel continues to gradually improve. Also, in the third quarter, we continued our focused plan to capture the travel demand that does exist. Remarkably, one in every three domestic passengers flew in an American Airlines flight during the third quarter.
And if we can say one thing to every American Airlines customer, I'd say it's safe to fly. Others have shared this data as well, but it's certainly worth repeating. IATA estimates that 1.2 billion people have flown so far in 2020. And among that group, there are only 44 cases of COVID-19 in which transmission is believed to have an associated with air travel.
So, it's clear, our efforts are working as an industry, even with our team members, being on the front lines and working through the pandemics to support our communities and serve our customers. Our team has a lower rate of COVID-19 infection than the national average. And notably, we've seen fewer cases with our airborne team members, our pilots and flight attendants than with our other work groups. I have personally been flying multiple times every week, and I see it everywhere I go.
The level of cleaning, the safety measures and the diligence from our team and our customers. It's truly incredible, and we are greatly appreciative. So in closing, we know we have a long run ahead of us, but our entire team remains fully engaged, and we couldn't be proud of the amazing work they're doing each and every day. We're focused on not just getting through this pandemic, but making sure we're prepared to succeed as demand returns and we're highly confident that we're going to adjust that.
So, with that, I'll turn it over to Rob.
Rob Isom -- President
Thanks, Doug, and good morning, everyone. I want to second my appreciation to the entire American Airlines team. Despite this year's remarkable challenges, they continue to rise to the occasion and deliver for our customers and each other when it's most needed, and we're incredibly grateful. Taking care of our team and customers continues to be our top priority.
We have taken additional steps in recent weeks to provide customers further peace of mind as they return to the skies. We upgraded our clean commitment by adding SurfaceWise2 to our safety program. SurfaceWise2 is approved by the EPA as a long lasting product to help fight the spread of the novel coronavirus, and it will be applied to America's entire fleet in the coming months. We've also made travel easier and less complicated by eliminating change fees and allowing customers to stand by on earlier flight on the same-day at no charge.
These customer-focused initiatives, along with changes to our basic economy product and new AAdvantage leap benefits give travelers tremendous flexibility when they fly American. Additionally, we launched a new travel tool to help customers quickly see the current COVID-19 travel guidelines for domestic and international destinations. As we entered the third quarter, the U.S. saw an increase in COVID-19 cases, which was followed by a slowdown in demand.
We responded quickly and efficiently in a way that maintains scale at our largest connected hubs in DFW and Charlotte. Our efforts has paid off as evidenced by our passenger revenue results. Notably, DFW and Charlotte were our best-performing hubs year over year. Our cargo team continues to do outstanding work driving revenue and supporting the global economy during the pandemic.
We more than doubled our cargo-only flying from August to September and operating more than 1,900 flights, serving 32 destinations during the third quarter. To date, these cargo flights have helped our customers move more than 85 million pounds of critical goods around the world amid the COVID-19 outbreak. And despite a nearly 60% reduction in system capacity in the third quarter, our cargo revenue was effectively flat year over year. During the quarter, we started to see signs of a slow but steady recovery in passenger demand.
Although domestic net bookings finished the quarter down 50%, this was an improvement from the first part of July when bookings were down 80%. During the month of September, 45% of domestic flights had a load factor greater than 80% compared to just 25% in July. As we look ahead, with one-third of our flights being actively managed by our yield management system, we see improving yield curves in the coming months. And we aren't just waiting for customers to come to us.
We're taking steps to reopen markets to travel through pre-flight COVID-19 testing. Testing options are now available to customers traveling to Hawaii and Costa Rica, with Jamaica and the Bahamas following soon. And we're engaged in efforts to expand that program across the Caribbean. These testing programs are important because they will ultimately help to reopen markets by further inspiring confidence in travel.
The pandemic has changed our business in many ways that we could have never expected but the American team has reimagined how to deliver a safe, healthy and enjoyable travel experience for our customers. Pre-flight COVID-19 testing is a great example of that and it's going to be an important part of advancing the industry's recovery from the pandemic. Our approach to fourth-quarter capacity is straightforward. We'll continue to focus on our large connecting hubs at DFW and Charlotte and put capacity in markets that are showing positive recovery, such as the Sun Belt, Mexico and the markets that are opening in the Caribbean.
We expect our fourth-quarter system capacity to be down slightly more than 50% year over year, with long-haul international capacity down approximately 75% year over year. While we're encouraged with the trends we're seeing in our net bookings, we'll continue to remain as flexible as possible and let demand serve as our guide for future capacity levels. As we look across the competitive landscape, we believe there is no network better positioned than American's. First, our network is big in the markets where customers want to go.
With our Sun Belt hubs in Charlotte, Miami, DFW and Phoenix, we have seen demand resilience throughout the pandemic. This, combined with our easy access to mountain and ski destinations, provides an outlet for customers to redefine the meaning of working remotely or just get away. Secondly, we have the best short-haul international network with the largest presence in Mexico and the Caribbean. Demand for this region has been strong.
And based on current trends, we expect our fourth-quarter revenue for this region to reach 70% of 2019 levels. Third, now is the time to be creative and find smart ways to strengthen our hubs in key markets. With our recently announced domestic partnerships with Alaska and JetBlue, we are raising the competitive bar and expanding our network in an asset-light manner while providing customers with more choice and a world class product. Importantly, our extensive engagement with leisure operators is delivering results in the segment that is leading a recovery.
And to that end, American was recently named Airline Partner of the Year by the American Society of Travel Advisers for the second year in a row. So in conclusion, we remain committed to making sure our customers feel safe and comfortable and have flexibility when they travel. As we continue to manage the current environment, we remain focused on being flexible and nimble in all parts of the organization. And with that, I'll turn it over to Derek.
Derek Kerr -- Chief Financial Officer
Thanks, Robert, and good morning, everyone. This morning, we reported a GAAP net loss of $2.4 billion or $4.71 per share in the third quarter. During the quarter, we recognized $540 million of pre-tax net special items. Net special items included a $2.1 billion credit resulting from the payroll support program financial assistance, which was offset in part by $875 million of severance costs associated with our voluntary and involuntary headcount reductions and $742 million fleet impairment charge.
Excluding net special items, we reported a net loss of $2.8 billion or $5.54 per share. With the prolonged decline in passenger demand, our primary focus has been to ensure we have the financial strength for a range of recovery scenarios. We have moved quickly to raise incremental liquidity, reduce cash burn and become as efficient as possible. On the revenue front, our third-quarter total revenue was $3.2 billion, down 73% year over year on a 59% reduction in total capacity.
While our revenue was down materially, it was nearly double what it was in the second quarter. We expect fourth quarter to be down approximately 65%. While our current booking trends are positive, they're still down significantly, and we continue to plan for a slow recovery. As Robert mentioned, we expect our fourth-quarter capacity to be down slightly more than 50% year over year.
We have worked hard to rebuild our fleet into one of the more efficient to operate and offers our customers a consistent and improved product and experience. Our team has been actively engaged with Boeing and Airbus to provide flexibility in how we manage our fleet, giving us ample opportunity to adjust as demand conditions warrant. As announced this morning in our earnings press release, we have reached an agreement with Boeing to secure deferral rights on eight of our 2021 MAX deliveries and all 10 of our MAX deliveries in 2022. If the deferral rates are ultimately exercised, these aircraft can be deferred to the second half of 2023 through the first quarter of 2024.
To avoid exercising these deferral rates, we would need to see substantial improvement in the demand environment. During the quarter, we finalized a series of sale leaseback transactions to finance our remaining A320 aircraft deliveries in 2021. As a result, we now have financing for all of our planned aircraft deliveries through 2021. As we have spoken about in the past, our long-held strategy has been to drive efficiencies through the simplification of our fleet.
With the permanent retirement of our A330-200 fleet announced this morning, we now have only four aircraft types in our mainline fleet: 737, the A320 family, 787 and 777. Aside from the scale and fuel efficiencies, the operating efficiencies on the crew, maintenance and schedule are permanent. We also continue to pursue the harmonization of our 737 and A321 fleets and expect to have all of our 737 aircraft operating in the same configuration by the end of the first quarter of 2021. We expect to have our A321 fleet harmonized by the spring of 2022.
When combined with our fleet simplification strategy, these steps provide significant opportunities to improve revenue production and reduce costs now and well into the future. Lastly, we retain inexpensive optionality in our total fleet count as we have 51 aircraft with lease expirations through the end of 2022. In addition, we have more than 200 older owned mainline and regional aircraft that could be efficiently part should demand conditions deteriorate. We continue to take a zero-based approach to our expense planning and have moved quickly to better align our costs with our reduced schedule, producing the $17 billion reduction in 2022 expenditures that Doug talked about.
As we look to our team members, in addition to the cost reduction efforts we've outlined in the previous quarters, more than 20,000 team members have opted for an early retirement or long-term leaves. This is in addition to the painful but necessary process of furloughing 19,000 team members. We are extremely grateful for the sacrifice and contributions these team members have made to our airline. Finally, on liquidity.
We continue to take proactive steps to reduce our cash burn rate, improve our total liquidity position. In the third quarter, our operational cash burn rate was approximately $36 million per day and our debt principal and severance burn was approximately $8 million per day. In total, our third-quarter average cash burn rate was approximately $44 million per day, which improved sequentially from the second-quarter burn rate of $58 million per day. During the quarter, we closed both Goldman Sachs Merchant Bank secured notes financings totaling $1.2 billion in addition to the CARES Act loan, Doug mentioned that provided $5.5 billion of loan capacity.
We also received the final payments of our allotted PSP funds including an incremental $168 million of previously unallocated funds identified by the U.S. treasury. This week, we were able to increase the amount available under the CARES Act loan to $7.5 billion. When combined with our third quarter ending liquidity balance of $13.6 billion, we ended the third quarter with a pro forma liquidity balance of approximately $15.6 billion.
This morning, we also announced the authorization to issue up to $1 billion of equity in an aftermarket offering to further bolster liquidity. We view this as another lever that the company has available at any time. As we look to the fourth quarter, we presently expect to end the quarter with more than $13 billion of total available liquidity, which excludes any proceeds from the ATM offering I just mentioned. This resulted in an average cash burn rate of between 25 million and 30 million per day, which includes debt principal and interest and severance payments.
Our goal remains to get our daily cash burn rate to zero as quickly as possible. The timing of reaching this goal continues to be dependent on the demand recovery time line as many of our cost reductions have already been finalized. In terms of our debt obligations, we believe the market is under-appreciating our balance sheet flexibility and efficiency. Approximately 40% of our outstanding debt is pre-payable without penalty and we don't have any large non-aircraft debt maturities until our $750 million unsecured bond matures in 2022.
Lastly, thanks to the tireless efforts of our treasury team, our weighted average cost of debt is just over 4% despite higher coupon COVID-related financings that we completed this year. While we continue to be pleased with the outcomes of our recent financings, the incremental debt to our balance sheet and dilution to our shareholders has been significant. However, with the flexibility that I've outlined, we have the ability to proactively repay debt and delever our balance sheet over the next several years when we return to a normalized revenue environment. To conclude, we still have a long road to recovery ahead of us.
However, the actions we have taken to conserve cash, bolster liquidity and support our team members and customers give us confidence that we are well prepared when demand returns. And with that, I'll open it up the line with analysts for questions.
Questions & Answers:
Operator
[Operator instructions] Our first question comes from Brandon Oglenski of Barclays. Your line is now open.
Brandon Oglenski -- Barclays -- Analyst
Hey, good morning, everyone, and thanks for taking my question. Look, I know it's a really difficult environment right now, and a lot of airlines are still burning through cash. But as we look forward, this is a real ability for the industry to rebuild itself and more specifically, American. But I guess, what is the strategy going forward, guys? Because you will have a pretty large debt balance.
And I think competitor down across the city there won't have that much and a lower cost structure. So, in that type of environment, how do you navigate to differentiate and have the ability to pay down debt and be profitable? What's the new American going to look like?
Doug Parker -- Chairman and Chief Executive Officer
Brandon, it's Doug. Thanks. Look, we're going to be more efficient that's for certain. We're using this opportunity.
It's really -- as horrific as all this is, it does provide some amazing opportunity to think the largest airline in the world effectively shut it down and build back on that that makes sense. We've done things like reduce 30% of our management. We're not going to bring that back. We've accelerated the retirement of 150 aircraft and aircraft types that aren't going to come back.
And more and more, like as we do -- and as we build back the schedule, we're going to build back flying that is profitable and take out a lot of what used to exist that was less so. So, we feel really good about what we -- about how we will emerge from this, both vis a vis where we used to be and vis a vis our competitive positioning. We do indeed have higher debt levels we did before this because we had gone and modernized our fleet, so that's behind us. We don't have, as Derek noted, large amortizations in the near term.
We certainly don't think once we get to where we're generating cash, you're going to see us needing to do any more in terms of raising more. And we'll do as we move to cash positive as we'll use those proceeds to pay down the debt. And I think you'll see from our competitors. But we feel really good about our ability to compete in the future as the industry gets cash positive.
So, while American -- as American gets cash-positive, we'll use our proceeds to pay down debt first.
Brandon Oglenski -- Barclays -- Analyst
Appreciate that, Doug. And I guess if we are going to be a more leisure oriented market for a few years, is there a fear that the fair structure in the industry could walk lower? Do you think you're going to have a cost structure to compete in an environment like that?
Doug Parker -- Chairman and Chief Executive Officer
Yes, of course, because we have a route network that can do that. I'm going to let Vasu expand more or Robert. But the reality is we have a huge competitive advantage in terms of our ability to connect customers around the United States and internationally. When that rebounds, this hub and spoke network of ours that is -- that there's many other carriers can't compete with -- a couple can, but not all.
That's a great revenue generator. We, of course, will need to have our costs in line with that. Like I said, we're going to get our costs down through the efficiencies I spoke. But, yes.
Again, you're going to see in our cash burn numbers now being similar to where our competitors are. As the industry gradually rebounds, we'll rebound at a similar rate, you'll see our cash levels and therefore, our earnings -- our cash burn levels and our earnings rebound as the industry does. I don't know, Vasu, anything else you want to add?
Vasu Raja -- Chief Revenue Officer
What I would just add to it, Brandon, is look, though, I think in this business, we've historically thought of business and leisure as having a materially different yield performances across our system, that is not always the case. Indeed, in our airline business style revenues, there are people who don't stay at Saturday nights, midweek travel, single person in the itinerary are about a third of our revenue, but only about a third of that comes from the large global corporates that are most likely to delay travel. And so, one, we're actually less exposed to that and historically have been than what may meet the eye. But two, the replacement value of that traffic is very different for American Airlines.
And our largest hubs, such as Dallas, Fort Worth, Charlotte, the non-corporate traffic that's on the airplane can often produce yields. They're between 70 to 75% of the corporates. But indeed, the non-corporate yields, what you might call the leisure yields in some of these hubs outperform corporate yields in some of the big coastal metro areas that are there. So, really, the strength of the American Airlines business is that so much of what we do.
We create connectivity for customers that really wouldn't exist if it weren't for American airlines flying in some of these markets. So, that's a core attribute of our business model. That'll be something that takes us through this crisis and will absolutely be part of what powers the revenue production of the airline on the other end of it.
Brandon Oglenski -- Barclays -- Analyst
Thank you.
Operator
Thank you. And our next question comes from Mike Linenberg of Deutsche Bank. Your line is now open.
Mike Linenberg -- Deutsche Bank -- Analyst
Hey. Good morning, everyone. Two very quick ones here. Derek, the 25 to 30 million of burn.
What is that number if we were -- or you could just tell us some roughly what is the piece that's related to debt interest principal payment and severance? Just to do an outlook.
Derek Kerr -- Chief Financial Officer
In the fourth quarter, it's $8 million. It's the same in the third and fourth quarter. So, it's $8 million in principal and interest payments in that 25 million.
Mike Linenberg -- Deutsche Bank -- Analyst
OK. Great. And then just second, you guys have done a nice job on the cost side, pulling down cost. I think ex fuel profit -- ex fuel and specials, I think you're down about 30% third Q.
What are you -- where do things shake out for the fourth quarter, given the fact that you will have a bit more people off the payroll, etc. What should we be looking at?
Derek Kerr -- Chief Financial Officer
Yes. We had reductions in costs as we look at it, it was 40% in the third quarter. And as we add -- we're adding back a little bit of capacity. So, we said 59% down in the third quarter and close to 52%.
So, we had probably a little bit of cost due to capacity coming back in. So, we should be in a similar range, maybe 38 -- 36, 38 range on cost down in the fourth quarter.
Mike Linenberg -- Deutsche Bank -- Analyst
Great. Thanks for that. Thanks, everyone.
Derek Kerr -- Chief Financial Officer
Yeah. Thanks, Mike.
Operator
Thank you. And our next question comes from Joseph DeNardi of Stifel. Your line is now open.
Joseph DeNardi -- Stifel Financial Corp. -- Analyst
Yeah. Hey, good morning. Derek, you talked about balance sheet flexibility and efficiency and your ability to pay down debt, you need to generate cash, obviously, to do that, part of that is capex. So, if you want the market to better appreciate your ability to repair the balance sheet, can you provide some visibility around capex over the next few years?
Derek Kerr -- Chief Financial Officer
Yeah. As we look at capex, I mean, we've already pulled down '21 and '22. So, we were at 1 7, and we pulled 800 million out of '21. We pulled $200 million out of '22, so we would be at about $1 billion as the run rate, and we can take that lower also.
Right now, we're at that run rate, and we definitely can take it lower if there's -- if we need to. From a capex perspective, we're sitting at about $1 billion in second -- in 2021 and about 1.7 in 2022. Now I also said that we have deferral rights on aircraft, and we can push that. That would reduce those two capex numbers out in the years.
And as you know, we don't have many deliveries in '23, '24. So, the capex profile is much, much smaller than we've had over the past years. And we'll be able to use that cash that was going to buy aircraft and integrate the airlines into paying down debt.
Joseph DeNardi -- Stifel Financial Corp. -- Analyst
Got it. That's helpful. And then Vasu, why were American's earnings -- why was American's earnings power and margins so much lower than peers pre-COVID? And why will that change on the other side of this?
Vasu Raja -- Chief Revenue Officer
Yes. Thanks. It's a great question. And there's a range of answers for it, but I'll at least pick on one that we are starting to see emerging in the trends right now, which is just how we've mixed capacity across our network.
Look, as you look at 3Q results right now, our relative RASM performance in the system is strong versus our competitors. That's kind of an empty victory in the environment we're in, but it's an important lesson because what we see right now is that about 75% of our airlines capacity is in our four biggest hubs. And in those hubs, we're producing, based on what we see today, 30%, 40% RASM premiums to the industry. Our smallest hubs, as we see them today, are 10% of our capacity and still producing a RASM deficit.
Well, in the old days, that was a much bigger mix. The things that weren't outperforming on a RASM basis where, in some cases, as big as Dallas Fort Worth, our largest hub. So, look, what that means for us and this may relate to an earlier question is that as we come out of here, one of our really guiding principles is that we will produce a revenue premium to the industry. The way we go about doing that is, first and foremost, that we orient more of our organic assets in the markets where we can produce an outsized level of value for customers, which as we see today produces an outsized level of revenue for the airline.
That too, through many of the partnerships that we've created, not just with Alaska and JetBlue, but with British Airway or IAG or JAL or many others around the world, in markets where we can't produce outsized customer value alone. We're going to work with these partners to make sure that we produce that value and get the returns that come with it. And third and very importantly too, we need to go and increasingly across our commercial division, given our customers really good reasons to want to fly more and pay us more, which sounds very simple and indeed it is. But we think that by doing that, there's a real path out of it where American can produce at a different level than it might have before.
Joseph DeNardi -- Stifel Financial Corp. -- Analyst
Thank you.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Joe.
Operator
Thank you. and our next question comes from Helane Becker of Cowen. Your line is now open.
Doug Parker -- Chairman and Chief Executive Officer
Hello, Helane. Helane?
Helane Becker -- Cowen and Company -- Analyst
Sorry about that. I not know what happened. So, here's my question, Doug. If on the stimulus program, if nothing is opened and people don't travel by March.
Won't the industry be in the same place as it is now and need more stimulus money? Isn't it better to work with governors to open and then get more stimulus money rather than getting it now?
Doug Parker -- Chairman and Chief Executive Officer
Yes. Helane, again, just separate two things, stimulus, of course, an entire COVID relief package would help stimulate the economy, I think it's really important. So, yes, and I think the sooner the better, I think our country needs it and that would help in many ways to -- yes, I think. As to the payroll support plan extension, that's not about stimulus in our view, that's about keeping critical infrastructure in place.
That's about the importance of the airline industry to that economic recovery, it's entirely what the PSP program was put in place to do. What it does is it has airlines keep more people employed than we would otherwise basically existing demand has to serve markets we wouldn't serve otherwise based on existing demand. And the concept was that the government as a pass-through, gives money to airlines to pay those people to fly those flights that we wouldn't otherwise. So as the economy returns, that critical infrastructure is in place.
I think that's good policy. I think it's been great policy up to date. I think it's a good policy. It should be extended, and I'm not alone in that.
There's enormous bipartisan support for that for exactly those reasons. It's not about getting money into airlines. It's about making sure that critical infrastructure stays in place. So yes, I think it's really important to keep in place it now.
I feel that absent an extension, you will see the -- you'll see some of that infrastructure decline. And as the economy looks to rebound, we won't be prepared, as well as we should be to facilitate that rebound. So, that's what it's about. And yes, so therefore, I don't think it makes sense to let that critical infrastructure get harmed or to go lower.
And again, I guess they were not -- or that matters. Virtually everyone we talk to now agrees that should happen. So I guess part of your question is another question we should note hear, which is, OK, that's all well and good. But if things don't get better in six months from now does it mean that you're going to need it again.
I don't think so. I happen to believe we're seeing now, even in this environment, gradual return of revenues, we expect that to continue I think six months from now. Certainly, you'll see a better environment than we have today, irrespective of what may or may not have happened as it relates to the pandemic itself because people are getting more and more comfortable with travel. And cities are opening up and business is returning somewhat.
So I think six months from now, it will certainly be better. And from an airline cyclicality perspective, we'll be headed into a summer, which is always -- has higher demand. So, anyway, at least our view anyway is that six months of PSP extension would be the less PSP extension you would need to keep that infrastructure in place. But absent that, you're -- we're not going to be in a good position to do what people want us to do, which is being there to help the economy rebound.
Helane Becker -- Cowen and Company -- Analyst
Got you. That's very helpful, actually. And then my other question, how many aircraft are actually being scheduled right now?
Vasu Raja -- Chief Revenue Officer
Helane, maybe the easier way to do it is how many airplanes are we not flying. And that number is in the order of magnitude of about 200 jets. We have a couple of airplanes that fly on relatively lazy lines because it makes some of the maintenance of the operations of the airline easier.
Doug Parker -- Chairman and Chief Executive Officer
200 of out?
Vasu Raja -- Chief Revenue Officer
Out of 13 -- 1,350.
Helane Becker -- Cowen and Company -- Analyst
Right. I knew that part. I just didn't know the first time. Thank you.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Helane.
Helane Becker -- Cowen and Company -- Analyst
Have a nice day.
Operator
Thank you. And our next question comes from Hunter Keay of Wolfe Research. Your line is now open.
Hunter Keay -- Wolfe Research -- Analyst
Hey, fellas. Good morning. Derek, your revenue in 3Q is like $3.2 billion. What were your cash receipts, maybe net of refunds in the quarter?
Derek Kerr -- Chief Financial Officer
Revenue is about 75, 25 from a revenue perspective. So, we did burn some of the stored value during the quarter. Our ATL still has about -- we ended the ATL at about $4.9 billion at the end of the third quarter, and there's $2.5 billion that is still stored value that was from refunds and other things that were given out during the early part of COVID.
Hunter Keay -- Wolfe Research -- Analyst
OK. Cool. And then I've got a question for Alison actually. I'm asking you this question given your comment of the importance of TMCs in the press release you put out with the new SABRE deal.
How much did you spend on TMC commissions in 2019, just roughly? And how much is your budget? How much are you being given to spend on agency commissions in 2021 and 2022 relative to what you said about the importance of agencies as business travel recovers. And, of course, obviously, the elephant in the room, the competitiveness of the corporate travel landscape and as it evolves over the next couple of years?
Alison Taylor -- Chief Customer Officer -- Analyst
Yes. For '21 for our TMCs and agencies, and we believe in always making sure our agencies are close partners for us to facilitate important corporate business. We're still working out what that would be because, as you know, we still are looking at the return of corporate business on the whole for the larger complex global accounts being later in '21. So, it's a little hard at the moment to predict what those submissions will be.
All I will say is that they continue to be important for us. And we believe, once again, they will be robust partners in the latter half of '21. We are also working with them to open up markets like the corridor between the U.K. and the U.S.A.
And so, they're also facilitating these opening of markets, which I think is an important initiative for them.
Derek Kerr -- Chief Financial Officer
To Alison's defense, Hunter, we haven't gone through the budget process for 2021, and we will go through that process and figure out the right amount that we need to do for -- to get the corporate back.
Doug Parker -- Chairman and Chief Executive Officer
Yes. And Hunter, again, what I think you're getting at. Look, given our scale of American and our ability or so of corporate customers, it is rarely American that is out there, increase in commission rates in an effort to attract business travel. So, I don't think you'll see that be the case in the future, if that's what you're asking.
We do often need to match others now. And we need to be competitive. But Allison is not going out there cranking up commissions in general.
Hunter Keay -- Wolfe Research -- Analyst
OK. No, that's very helpful. Thank you very much.
Operator
Thank you. And our next question comes from Jamie Baker of JP Morgan. Your line is now open.
Jamie Baker -- J.P. Morgan -- Analyst
Hey, good morning, everybody. A couple for Derek, presumably. First, based on the October 1 furloughs and the accompanying service suspensions, what's the estimated level of cost savings there, either on a quarterly or annual basis?
Derek Kerr -- Chief Financial Officer
Yes. I think we've got -- as we put together how much of savings we've got from a management perspective, it was about $500 million, OK, that we had in the management side of things. The amount from efficiencies and other things that we got out from some of the management -- I mean, sorry, some of the labor was about $400 million. So, from a headcount perspective, we're right around $1 billion of permanent efficiencies and headcount from those two areas.
So, under the 17 billion, $1 billion of it is definitely stuff that doesn't come back. Fleet reduction is another area where we will see significant savings. And then the other part of that is as we add back in the cost, as Doug said earlier, as we add back into flying, how do we do that more efficiently to drive those costs down and keep most of the -- keep everything we can from the savings that we've had in 2020 permanent as we move forward.
Jamie Baker -- J.P. Morgan -- Analyst
But the aircraft savings, I mean, you're not counting that as part of the PSP exercise. I mean, what I'm getting at is that in the event of another round of PSP, certain costs are going to be added back to the P&L, but then effectively taken out by the PSP. So, what I'm really trying to calculate is what impact PSP would have on liquidity. So, your aircraft comment is helpful, but that's separate, correct?
Derek Kerr -- Chief Financial Officer
Yes. That is separate from PSP. PSP is all headcount related.
Jamie Baker -- J.P. Morgan -- Analyst
Right. And we should be assuming -- so your net number on that was about $1 billion annually, correct?
Derek Kerr -- Chief Financial Officer
With the amount of reductions from furlough -- yeah, about a billion, billion and a half annually.
Jamie Baker -- J.P. Morgan -- Analyst
OK. All right. That's helpful. And then again, so on the planned retirement, I guess, you're out of five aircraft families altogether.
What level longer-term of cost does that permanently removed? And is your estimate net of any revenue inefficiencies, maybe this is a question for, Vasu, that might occur since you'll just have somewhat fewer options in terms of aircraft gauge.
Derek Kerr -- Chief Financial Officer
From a cost perspective, I think there's two things. One is from a cost perspective, we should have a permanent reduction in those aircraft coming out from a -- because you have maintenance coming out, you have the -- all that kind of stuff coming out so it could be anywhere from -- I mean, we haven't calculated the 2021 plan yet. And as we just retired the 330-200s this morning. And we still have some 737s that are on the ground, whether they come back up as we move forward.
But it's up to half a billion dollars in this year, and then if that stays at next year from a maintenance and a cost perspective as we go forward. I don't know, Vasu, if you can add to this.
Vasu Raja -- Chief Revenue Officer
Jamie, just from a revenue perspective, the really nice thing about the retirement to this is that we've really accelerated where we wanted to be down the road. And so, I think one of the things that we had said before is that we're looking for efficiency just because of the different number of aircraft high seating configurations. And also, when you take into account our regional partners, the number of operators as well. So over the course of the last five years, we've gone from really over 50 different sub suite types down to now about, I think, 23 or so.
And in terms of being able to serve the marketplace, we're ending up with fleet families that really work well. So, from 320 family perspective, look, we're not losing out on anything in terms of retirements like the 7 5s. From 787, eight and nine, we're not losing out anything from a 76 and 330 perspective. So, with the variance in the different fleet types, and the same holds true for our regionals, I think we've got the fleet to serve the spectrum of demand needs and do it in a way that's incredibly efficient.
Jamie Baker -- J.P. Morgan -- Analyst
Got it. And Derek, just remaining on a covered asset number, and then I'll -- then we'll be done.
Derek Kerr -- Chief Financial Officer
We have about $4 billion of unencumbered assets, and we have $7 billion of first lien capabilities, so around $11 billion.
Jamie Baker -- J.P. Morgan -- Analyst
Perfect. Thank you everybody. Take care.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Jamie.
Operator
Thank you. Our next question comes from David Vernon of Bernstein. Your line is now open.
David Vernon -- Sanford C. Bernstein -- Analyst
Hey, good morning, guys. I wanted to ask the post-COVID cost question in a slightly different way. If you were to take a look at the actions you've taken on the fleet side and assume some normal level of utilization, how would the gauge shift? Like if you were to just take a snapshot in 2019, what does our gauge look like pre-COVID, what's it going to look like in the future? And then if you think about the reduction in hourly operating costs from all the simplification, is there a way that you can frame kind of a cost reduction potential just on the variable hourly operating cost of the new fleet? Investors are really trying to get their heads around this issue of, OK, American's margins were x before the crisis, what are they going to be after the crisis. And I think getting some more tangible data points around exactly what the fleets are going to look like would be helpful here.
Doug Parker -- Chairman and Chief Executive Officer
Sure. David, this is Doug. I'll start, and others can join in. And look, what makes sense are a little bit complex is we're still in the process of setting what our 2021 capacity is.
So, as Derek mentioned, we've got 737s on the ground. We have 50 seaters that are on the ground, depending on how those come back or not, that will impact our future gauge. So, let me give you more of a conceptual answer. But if you think about it, right, we've taken out and all the fleet simplification that Robert and Derek just spoke about, we have taken out roughly 50 wide-bodies from December until June of this year.
And what all that is, is taking out some of our lesser or lower gauge airplanes such as 757, 767. And now, we have more of our widebody fleet are in higher gauge, higher density products, like the 787. But importantly, for the narrow-body fleet, certainly versus last year and years prior, there's a material impact in up-gauging. First, we have the 1 90 and the MD-80 is coming out, replaced with larger gauge 737 and 321 NEOs that are coming in.
And in the regional side, we have more 50 seaters coming out being replaced with dual-class regional jets. And so, all of that is a pretty material impact. And in the months ahead, we'll get a better sense for what that means for our average gauge year over year. But just through the basic fleet map by outline, you can probably get a pretty good sense for what that impact is.
Derek Kerr -- Chief Financial Officer
Yes. And we're kind of looking at it over '19 just because of the '20 is so strange. But I think we'll have our average seat in '19 from a mainline was about 167. And as we do the Oasis projects and all the changes of the aircraft, that should go up, somewhere in the neighborhood of 5% or five seats.
And then the regional, as we make that change on the regional, you're going to get about three more seats as we make the change there. So there will be a significant -- as we look into 2021, departures should be down and gauge should be up. So, that will give us a cost -- a benefit from a CASM perspective as we fly less departures at higher gauge at lower cost.
David Vernon -- Sanford C. Bernstein -- Analyst
All right. And that's helpful. And then maybe just as a quick follow-up. Could you talk a little bit about kind of rebuilding the regional footprint and the feeder footprint.
Is there going to be a shift in the owned model versus the contracted model? Or how do you -- or are you thinking about kind of how to start to rebuild feed traffic as you start to look at what the network is going to look like post COVID?
Doug Parker -- Chairman and Chief Executive Officer
We've done a really nice job over the years of following a strategy that speaks to simplification in terms of fleet types and simplification in terms of number of operators with Piedmont, PSA and Envoy. And just really, at this point, a few partner carriers. We feel like we're in a really good spot. And with carriers that are established and off fighting on the basis of quality and efficiency.
So, we feel pretty good about it. In terms of building back, of course, putting the larger two class regional jets into service at important prices is really important. I take a look to 2021 when demand recovers and that we open up a new regional facility in DCA. And think about the kind of changes that we talked about with up-gauging and what that would mean for the airline.
It's going to be positive, not just from a cost efficiency perspective, but also from a unit revenue perspective, but also from a passenger perspective in terms of quality of service, and we're going to be able to provide them a product that they really want.
David Vernon -- Sanford C. Bernstein -- Analyst
Right. Thanks for that.
Operator
Thank you. And our next question comes from Joe Caiado of Credit Suisse. Your line is now open.
Joe Caiado -- Credit Suisse -- Analyst
Hey, thanks very much. Hey, good morning, everyone. Derek, a quick question for you, and apologies if you answered it in your prepared remarks. But would you consider using some of the $1 billion of the equity raise to retire near term debt at a significant discount? I think you mentioned your 5% unsecured notes due 2022 are sort of your next big maturity.
And those are trading at about $0.70 on the dollar. So, is that something you would consider? Or do you really want to see the cash generation drive the debt pay down?
Derek Kerr -- Chief Financial Officer
It is something we would consider as we look out to planning for 2021 and see where our cash needs are. But it is something we would consider.
Joe Caiado -- Credit Suisse -- Analyst
Got it. OK. And then just one more quick one. Did you say that there is retrofit in aircraft mod activity taking place today as part of the fleet harmonization initiatives? So that stuff is no longer on hold, is that right?
Derek Kerr -- Chief Financial Officer
Correct. Yes. For us, we had not put it on hold. When I talk about our capex being what it is in 2021, almost 40% of that is actually that project.
We've continued to push it with aircraft on the ground, we've been able to speed it up, which I think is the right decision to get the 738s done as quick as possible and 737s -- sorry, 737 and 8s get done as quick as possible and then speeding up the A321s to get that project done while the aircraft are on the ground. We can speed it up, save cost and get the benefits sooner. So, those have been in the numbers and remain in the numbers as we move forward.
Joe Caiado -- Credit Suisse -- Analyst
That's very helpful. Thanks for the time, everyone.
Operator
Thank you. And our next question comes from Duane Pfennigwerth of Evercore ISI. Your line is now open.
Duane Pfennigwerth -- Evercore ISI -- Analyst
Thanks. Thanks for the time. Appreciate it. So, you obviously have some improvement in the cash burn level here into the fourth quarter.
Another way to say 25 to 30 million a day is 10 billion annually, which is still a pretty big number. So, maybe going back to Jamie's cost questions. All of the opex savings that you've realized, how much of that run rate is being reflected here in the fourth quarter? And if it's simply timing, absent revenue recovery, which we can model, where would that kind of 10 billion a year kind of cash burn go to based on the cash savings you've realized?
Derek Kerr -- Chief Financial Officer
Well, the way -- we've said we had $17 billion of savings throughout the year, right? And the 16.2 million of that $1 billion is expense. Now, some of that is volume, right? So as we add volume back in, those expenses are going to go back in. Some of the permanent stuff is what we talked about, which is the management headcount, the efficiencies, the fleet, a lot of the stuff we're doing will be permanent as we move forward to reduce that. What we have all said is that to get us back to cash positive, the cash burn to be breakeven needs -- we've all said, it's a demand recovery, and we need the demand to come back.
So, we are holding flat expenses third quarter over fourth quarter. Everything as we add back in capacity, so being more efficient, but the burn difference is coming from the revenue recovery. And where we're seeing it exactly today is what we've modeled out as we go out into the fourth quarter. So I think the -- as we look into next year and as we look forward, that it's the demand recovery that gets us back flying our entire fleet, getting the revenue back and being as efficient as we can to cut those costs out in 2021.
Duane Pfennigwerth -- Evercore ISI -- Analyst
Just for a follow-up there. This morning on the CNBC interview, I think it was mentioned that there's nothing more -- we've done virtually everything we can on costs at this point. I guess my question would be, are you at a structural disadvantage for some reason, or what would you need to see in terms of this recovery for that view to change?
Doug Parker -- Chairman and Chief Executive Officer
It's Doug. Yes. Again, what I said, again, look, we haven't done anything we can -- we have been cutting the costs we can. By now, we sure should have.
So, as you've heard, as you've heard, I think from all the airlines right now, that's where we've gotten to. We reduced all the costs we can at this point. Clearly, as we ramp back up, as Derek and others have already said, we don't expect you should see the same kind of cost reduction going forward. But your question is, of the fourth quarter estimated 25, 30 cash burn number, how does that get better.
We don't want to give the impression that it's going to get a lot better because we're going to further be able to reduce costs from the existing cost levels. Just as our other large competitors this cash burn numbers are virtually exactly the same in the fourth quarter. We aren't going to be doing anything about that in fact. Those numbers will get better for all of us at similar rates as demand recovers.
And that is what's required. If it doesn't, we'll all stay at these kind of burn rates. I don't think anyone expects that to be the case. It hasn't been the case through this year or anything close to it.
So we've gotten the improvement in these burn levels from the third and the fourth quarter isn't -- there's some of that is cost savings because we get to some furloughs. But by far, our biggest driver is revenue improvement. And that's what will be the improvement as we go forward and if we can get this industry back to cash-positive.
Duane Pfennigwerth -- Evercore ISI -- Analyst
Appreciate the time.
Operator
Thank you. And our next question comes from Andrew Didora of Bank of America. Your line is now open.
Andrew Didora -- Bank of America Merrill Lynch -- Analyst
Hey, good morning, everyone. Thanks for the questions. I'll start maybe to ask Duane's question in a little differently on costs, maybe put in on the revenue side. So, what level of revenues versus 2019 do you feel like you need to be at in order to reach cash breakeven?
Derek Kerr -- Chief Financial Officer
Yes, go ahead.
Doug Parker -- Chairman and Chief Executive Officer
No, Derek, you start off.
Derek Kerr -- Chief Financial Officer
I mean, we've said from a revenue perspective, we -- building the airline back up and getting it where we've got our aircraft back in and we get loads in about the 65 to 75 -- 70% range is kind of where it's going to take to get us back to breakeven. And getting all aircraft back in is capacity much lower than where we were in 2019 because we've taken out 157 aircraft, and it will be much lower than what we had planned. So, we're all going to take capacity out in 2021. The industry will be smaller.
But getting most of our aircraft back up, getting loads in the 65 to 70% range, which will drive the revenue recovery and get the revenue back in is kind of where we see where we would be breakeven from a cash perspective.
Andrew Didora -- Bank of America Merrill Lynch -- Analyst
That's great. And then just my second question maybe for Vasu. Can you maybe just again talk about how your discussions have gone with global authorities and how you're thinking about potentially the reintroduction of the long-haul international network? Maybe what regions or kind of routes do you think could come first, particularly when you think about your new -- how your new fleet plan plays into all of this?
Vasu Raja -- Chief Revenue Officer
Absolutely. No, we would be happy to. And some of that we mentioned earlier, we are actively working with a number of global regulatory bodies now more so than with the U.K. See really our largest international connect point is indeed our hub and Heathrow.
So, between ourselves and IAG, we are closely working with the U.K. government to really create an air travel corridor, which could be not just the basis for further reopening in long-haul services to the U.K., but indeed, the template for how we can do long-haul reopenings more globally. And now, other than that, while that impacts primarily our European to some degree, our Asian network, really, in many ways, our South America network is already coming back. Most all of our Miami to South American schedule is in place and doing quite well.
And by the time we get into December, that will continue. So, a big part of our long-haul network, which is South America, we expect to be back certainly by New Year or so. And then the other big chunk of it, which is Heathrow, we are working on to reopen. And then we have some confidence.
It's good for the global aviation community, but more critically, it's good for customers everywhere to figure out really smart way to get a market reopen that can be the template for doing it elsewhere. So, that's how we're thinking about it.
Andrew Didora -- Bank of America Merrill Lynch -- Analyst
Great. Thank you.
Operator
Thank you. And ladies and gentlemen, this does conclude our analyst Q&A. [Operator instructions] Our first question comes from Alison Sider of Wall Street Journal. Your line is now open.
Alison Sider -- Wall Street Journal -- Reporter, Air Travel Business
Hi. Thanks so much. Just curious how you're thinking about sort of changes in the competitive landscape, seeing some of your competitors starting to announce plans to go into new cities, including some of your hubs, Chicago and Miami, just -- yeah, curious how you're seeing that playing out and how you'll respond?
Doug Parker -- Chairman and Chief Executive Officer
We welcome the competition. Look, we've got an incredibly strong network, as we've talked on the call today, and the assets that will serve our customers really well. So, look, we're excited about the potential for return of demand and what we can do when it does come back, and we're ready to take on competition no matter where it comes.
Alison Sider -- Wall Street Journal -- Reporter, Air Travel Business
Thanks.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Alison.
Operator
Thank you. And our next question comes from Leslie Josephs of CNBC. Your line is now open.
Leslie Josephs -- CNBC -- Airline Reporter
Good morning. Thanks for taking my question. How are you? I just wanted to ask about the Advantage program. Do you have any sense of where revenue is going? Is it recovering? And what's your outlook for co-brand card spend going forward, maybe even in 2021.
Vasu Raja -- Chief Revenue Officer
Yeah. Hey, Leslie, this is Vasu, and thanks for the question. We are, indeed, at a time when there's so much has changed in our business and indeed in such a state of crisis. Indeed, our co-brand program has -- our revenues from haven't fallen nearly at the rate of overall passenger revenue simply because people continue to keep spending out there.
Indeed, as we look at consumers more broadly, savings are up, people are spending. They're spending on different things. And so, we are actually -- one of our major priorities in the year and years ahead is to work even more closely with our co-brand providers, Citi, Barclays, and even Mastercard as well to ensure that, one, our cards are top of mind, and then two, they're driving increasing amount of spend for our customers and revenue for the airline.
Leslie Josephs -- CNBC -- Airline Reporter
Thanks.
Operator
Thank you. And our next question comes from David Koenig of Associate Press. Your line is now open.
David Koenig -- The Associated Press -- Airlines Reporter
Thanks. Good morning, everybody. Can you discuss -- I don't know if this will be for Doug or anybody, but can you discuss Thanksgiving, Christmas bookings and what kind of load factors you're expecting for those holidays? And also to clarify, Derek, are you saying 65 to 75 -- 65 to 70 load factors are breakeven, even with the current mix of business and leisure being heavily leisure?
Vasu Raja -- Chief Revenue Officer
This is Vasu, and I can answer both. So, the second one first, really it's -- the simple way to think of maybe 65 to 70 of 2019 revenues, what Derek was giving, he was holding our yield comps and thinking about load factors. So, that's maybe the simpler way to think about your second question. And then to your first question, yes, we do anticipate that the Thanksgiving period and the December second half period will be relatively stronger.
One, because we have seen the last several holidays-- Columbus Day, Labor Day, July 4 and Memorial Day become sequentially stronger. And indeed, what we're finding more and more is that as consumers start resuming life, returning to spending and full service restaurants, going back-to-school, things like that. Shortly thereafter, searches resume and air travel spending resumes to. And even with current rates of case growth, we continue to see that, at least in many geographies, such as the Sun Belt that are most critical for American Airlines.
So we do see that as we get into the Thanksgiving week, as Robert mentioned in his opening comments, more than half of our flights are being yield managed in some ways, which means that the airline is holding out, anticipating higher revenues closer to departure. And so, that's a promising thing, which we haven't seen in the past. Now this is a volatile environment. The recovery will be choppy and should things change, we'll respond accordingly.
But right now, things are better than they were, but far from sustainable.
David Koenig -- The Associated Press -- Airlines Reporter
All right. Thank you.
Operator
Thank you. And our next question comes from Justin Bachman of Bloomberg. Your line is now open.
Justin Bachman -- Bloomberg -- Associate Editor
Yeah. Thanks for the time this morning. I wondered if you could clarify a bit on the timing around the 737 MAX deferrals that you announced as far as what periods you're thinking that those will come? And are you thinking about any other aircraft deferrals, if the business is not returning as you're hoping?
Derek Kerr -- Chief Financial Officer
Thanks, Justin. The deferrals we have eight deliveries -- 18 deliveries in 2021, and we have deferral rights on eight of those aircraft. And then we have deferral rights on all 10 aircraft that come in 2022. We'll make those decisions down the road as we look at the demand environment as they come back, those can push to 2023 and 2024.
So, that's where we're at on those. We have also been working with Airbus on just making and respreading the delivery stream there. We have moved some of the ones that were coming in 2021 to 2022. So, we've pushed a little bit.
And at this point in time, we're pretty firm on where we are from the delivery schedule with Airbus and Boeing.
Justin Bachman -- Bloomberg -- Associate Editor
Great. Thanks.
Operator
Thank you. And our next question comes from Edward Russell of TPG. Your line is now open.
Edward Russell -- The Points Guy -- Senior Aviation Business Reporter
Hi. Thank you for taking my question. I was wondering if you could talk a bit more about the MAX return to service. There are still some reports earlier this week that you'll be flying it around the Christmas time, but I know those dates have slipped repeatedly.
How confident are you about that return time line?
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Edward. Hey, it really just depends on what happens. The aircraft is going to be returned and ungrounded when the FA says it's OK and after we and our team get to take a look at it as well. Based on what we're hearing, that would allow for an ungrounding sometime in the month of November.
If that holds true, we'll likely have the aircraft up in service a month or so after that. And so, potentially by the very end of December. But it all remains to be seen, and we're incredibly flexible in terms of any type of time, just as we have done over the last -- over the course of the last year or so.
Edward Russell -- The Points Guy -- Senior Aviation Business Reporter
Great. Thank you.
Operator
Thank you. And our next question comes from Kyle Arnold of Dallas Morning News. Your line is now open.
Kyle Arnold -- The Dallas Morning News -- Aviation Writer
Hi. I know that we saw Chicago and New York, New Jersey, Connecticut expand some of their travel quarantines. How problematic are these per travel here domestically? And is there anything to be done that can stimulate travel in those areas in the West Coast and the Northeast, where it is not as strong as some other areas in the country.
Doug Parker -- Chairman and Chief Executive Officer
Travel will come back when there are things that are open and things for people to do. Certainly, any type of restriction, these quarantines are not helpful. Again, we're trying to make things easier on customers where there are any type of difficulties such as the work that we're doing in the Caribbean and the work that we're doing in Hawaii. And as was mentioned earlier, the work that we're trying to do in Europe and especially the U.K.
and trying to open up travel corridors. But the real key to all of this is having things for people to do. One of the things that we've talked about is a great indicator. Restaurants being open is a good indicator of people being able to go to travel to those destinations and it's just a critical key.
And so, that's about I can offer you.
Alison Taylor -- Chief Customer Officer -- Analyst
And we worked with many of our partners, whether that'd be travel associations, hotel partners, car rental companies as well, just to make sure that we're all booking together, frankly, to bring that tourism. One of the things to reduce confusion with our customers, as you quite rightly say, one day an area may close and then start quarantines, etc., is we have just placed on our aa.com, a site where you could place in your destination, and it can tell you what requirements for travel are in place for that state or that country because it's global. And this is really helping our customers understand and ease their travel as well and help them with bookings going forward.
Kyle Arnold -- The Dallas Morning News -- Aviation Writer
Thanks.
Operator
Thank you. And this does conclude our media Q&A. I will now turn the call back over to Doug Parker for closing comments.
Doug Parker -- Chairman and Chief Executive Officer
Great. Thanks, everyone, for your interest. And any further questions, you can contact investor relations or corporate communications. We appreciate your time.
Thank you very much.
Operator
[Operator signoff]
Duration: 73 minutes
Call participants:
Dan Cravens -- Moderator, Managing Director of Investor Relations
Doug Parker -- Chairman and Chief Executive Officer
Rob Isom -- President
Derek Kerr -- Chief Financial Officer
Brandon Oglenski -- Barclays -- Analyst
Vasu Raja -- Chief Revenue Officer
Mike Linenberg -- Deutsche Bank -- Analyst
Joseph DeNardi -- Stifel Financial Corp. -- Analyst
Helane Becker -- Cowen and Company -- Analyst
Hunter Keay -- Wolfe Research -- Analyst
Alison Taylor -- Chief Customer Officer -- Analyst
Jamie Baker -- J.P. Morgan -- Analyst
David Vernon -- Sanford C. Bernstein -- Analyst
Joe Caiado -- Credit Suisse -- Analyst
Duane Pfennigwerth -- Evercore ISI -- Analyst
Andrew Didora -- Bank of America Merrill Lynch -- Analyst
Alison Sider -- Wall Street Journal -- Reporter, Air Travel Business
Leslie Josephs -- CNBC -- Airline Reporter
David Koenig -- The Associated Press -- Airlines Reporter
Justin Bachman -- Bloomberg -- Associate Editor
Edward Russell -- The Points Guy -- Senior Aviation Business Reporter
Kyle Arnold -- The Dallas Morning News -- Aviation Writer
More AAL analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Motley Fool Transcribing 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.
|
American Airlines Group (NASDAQ: AAL) Q3 2020 Earnings Call Oct 22, 2020, 8:30 a.m. Operator [Operator signoff] Duration: 73 minutes Call participants: Dan Cravens -- Moderator, Managing Director of Investor Relations Doug Parker -- Chairman and Chief Executive Officer Rob Isom -- President Derek Kerr -- Chief Financial Officer Brandon Oglenski -- Barclays -- Analyst Vasu Raja -- Chief Revenue Officer Mike Linenberg -- Deutsche Bank -- Analyst Joseph DeNardi -- Stifel Financial Corp. -- Analyst Helane Becker -- Cowen and Company -- Analyst Hunter Keay -- Wolfe Research -- Analyst Alison Taylor -- Chief Customer Officer -- Analyst Jamie Baker -- J.P. Morgan -- Analyst David Vernon -- Sanford C. Bernstein -- Analyst Joe Caiado -- Credit Suisse -- Analyst Duane Pfennigwerth -- Evercore ISI -- Analyst Andrew Didora -- Bank of America Merrill Lynch -- Analyst Alison Sider -- Wall Street Journal -- Reporter, Air Travel Business Leslie Josephs -- CNBC -- Airline Reporter David Koenig -- The Associated Press -- Airlines Reporter Justin Bachman -- Bloomberg -- Associate Editor Edward Russell -- The Points Guy -- Senior Aviation Business Reporter Kyle Arnold -- The Dallas Morning News -- Aviation Writer More AAL analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. With our recently announced domestic partnerships with Alaska and JetBlue, we are raising the competitive bar and expanding our network in an asset-light manner while providing customers with more choice and a world class product.
|
Operator [Operator signoff] Duration: 73 minutes Call participants: Dan Cravens -- Moderator, Managing Director of Investor Relations Doug Parker -- Chairman and Chief Executive Officer Rob Isom -- President Derek Kerr -- Chief Financial Officer Brandon Oglenski -- Barclays -- Analyst Vasu Raja -- Chief Revenue Officer Mike Linenberg -- Deutsche Bank -- Analyst Joseph DeNardi -- Stifel Financial Corp. -- Analyst Helane Becker -- Cowen and Company -- Analyst Hunter Keay -- Wolfe Research -- Analyst Alison Taylor -- Chief Customer Officer -- Analyst Jamie Baker -- J.P. Morgan -- Analyst David Vernon -- Sanford C. Bernstein -- Analyst Joe Caiado -- Credit Suisse -- Analyst Duane Pfennigwerth -- Evercore ISI -- Analyst Andrew Didora -- Bank of America Merrill Lynch -- Analyst Alison Sider -- Wall Street Journal -- Reporter, Air Travel Business Leslie Josephs -- CNBC -- Airline Reporter David Koenig -- The Associated Press -- Airlines Reporter Justin Bachman -- Bloomberg -- Associate Editor Edward Russell -- The Points Guy -- Senior Aviation Business Reporter Kyle Arnold -- The Dallas Morning News -- Aviation Writer More AAL analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Airlines Group (NASDAQ: AAL) Q3 2020 Earnings Call Oct 22, 2020, 8:30 a.m. Dan Cravens -- Moderator, Managing Director of Investor Relations Thanks, operator, and good morning, everyone, and welcome to the American Airlines third-quarter 2020earnings conference call In the room, are on the call with us this morning, we have Doug Parker, our chairman and CEO; Robert Isom, president; and Derek Kerr, chief financial officer.
|
Operator [Operator signoff] Duration: 73 minutes Call participants: Dan Cravens -- Moderator, Managing Director of Investor Relations Doug Parker -- Chairman and Chief Executive Officer Rob Isom -- President Derek Kerr -- Chief Financial Officer Brandon Oglenski -- Barclays -- Analyst Vasu Raja -- Chief Revenue Officer Mike Linenberg -- Deutsche Bank -- Analyst Joseph DeNardi -- Stifel Financial Corp. -- Analyst Helane Becker -- Cowen and Company -- Analyst Hunter Keay -- Wolfe Research -- Analyst Alison Taylor -- Chief Customer Officer -- Analyst Jamie Baker -- J.P. Morgan -- Analyst David Vernon -- Sanford C. Bernstein -- Analyst Joe Caiado -- Credit Suisse -- Analyst Duane Pfennigwerth -- Evercore ISI -- Analyst Andrew Didora -- Bank of America Merrill Lynch -- Analyst Alison Sider -- Wall Street Journal -- Reporter, Air Travel Business Leslie Josephs -- CNBC -- Airline Reporter David Koenig -- The Associated Press -- Airlines Reporter Justin Bachman -- Bloomberg -- Associate Editor Edward Russell -- The Points Guy -- Senior Aviation Business Reporter Kyle Arnold -- The Dallas Morning News -- Aviation Writer More AAL analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Airlines Group (NASDAQ: AAL) Q3 2020 Earnings Call Oct 22, 2020, 8:30 a.m. Dan Cravens -- Moderator, Managing Director of Investor Relations Thanks, operator, and good morning, everyone, and welcome to the American Airlines third-quarter 2020earnings conference call In the room, are on the call with us this morning, we have Doug Parker, our chairman and CEO; Robert Isom, president; and Derek Kerr, chief financial officer.
|
Operator [Operator signoff] Duration: 73 minutes Call participants: Dan Cravens -- Moderator, Managing Director of Investor Relations Doug Parker -- Chairman and Chief Executive Officer Rob Isom -- President Derek Kerr -- Chief Financial Officer Brandon Oglenski -- Barclays -- Analyst Vasu Raja -- Chief Revenue Officer Mike Linenberg -- Deutsche Bank -- Analyst Joseph DeNardi -- Stifel Financial Corp. -- Analyst Helane Becker -- Cowen and Company -- Analyst Hunter Keay -- Wolfe Research -- Analyst Alison Taylor -- Chief Customer Officer -- Analyst Jamie Baker -- J.P. Morgan -- Analyst David Vernon -- Sanford C. Bernstein -- Analyst Joe Caiado -- Credit Suisse -- Analyst Duane Pfennigwerth -- Evercore ISI -- Analyst Andrew Didora -- Bank of America Merrill Lynch -- Analyst Alison Sider -- Wall Street Journal -- Reporter, Air Travel Business Leslie Josephs -- CNBC -- Airline Reporter David Koenig -- The Associated Press -- Airlines Reporter Justin Bachman -- Bloomberg -- Associate Editor Edward Russell -- The Points Guy -- Senior Aviation Business Reporter Kyle Arnold -- The Dallas Morning News -- Aviation Writer More AAL analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Airlines Group (NASDAQ: AAL) Q3 2020 Earnings Call Oct 22, 2020, 8:30 a.m. After Derek's comments, we will open the call for analyst questions and lastly, questions from the media.
|
5113.0
|
2020-10-22 00:00:00 UTC
|
Why Carnival Stock Popped Thursday
|
AAL
|
https://www.nasdaq.com/articles/why-carnival-stock-popped-thursday-2020-10-22
|
nan
|
nan
|
What happened
It's not quite all unicorns and rainbows for the cruise industry today, but all of a sudden, cruise stocks are looking up. In Thursday trading, shares of Carnival (NYSE: CCL) topped 5% earlier in the day, before falling back to a 4.5% gain as of 3:20 p.m. EDT. Fellow cruisers Royal Caribbean (NYSE: RCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) benefited as well, rising 3.3% and 3.6%, respectively.
Image source: Getty Images.
So what
As the Miami Herald reported last night, Carnival "is still on track to resume cruises in the U.S. on Dec. 1 after a favorable ruling from a federal judge Wednesday."
Independent of coronavirus restrictions and no-sail orders, Carnival had been operating under a court order in Florida requiring it to certify that its ships were intact and not leaking oil before entering U.S. waters. The requirement was tied to a case in which Carnival had previously pled guilty to dumping oil into the ocean. Now, a new court ruling permits Carnival to make its certification 30 days prior to a cruise ship returning to U.S. waters from abroad, or seven days after returning, for vessels coming back to the U.S. prior to Dec. 31, 2020.
And the upshot is that, coronavirus permitting, Carnival should be able to resume cruising in December if it wants to.
Nor was this the only good news. In an earnings report this morning, American Airlines CEO Doug Parker apparently made some cautiously optimistic statements about the health of the holiday travel market, saying the outlook for vacation travel this December looks "relatively strong." He was speaking about the air travel market, but investors seem to be extrapolating from that to assume that demand for vacation-time cruising must be pretty strong as well.
Now what
Does any of this mean that Carnival's troubles are over? Hardly. There's still the potential for an extension of the CDC's no-sail order past its current expiration date of Oct. 31, for one thing. And cruise vacationers could refrain from cruising regardless of what the CDC says, if the second wave of coronavirus infections gets any bigger.
For today, however, the limited good news appears to be enough to lift investors' hopes, and Carnival shares are rising because of it.
10 stocks we like better than Carnival
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 Carnival 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
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends Carnival. 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.
|
In Thursday trading, shares of Carnival (NYSE: CCL) topped 5% earlier in the day, before falling back to a 4.5% gain as of 3:20 p.m. EDT. So what As the Miami Herald reported last night, Carnival "is still on track to resume cruises in the U.S. on Dec. 1 after a favorable ruling from a federal judge Wednesday." He was speaking about the air travel market, but investors seem to be extrapolating from that to assume that demand for vacation-time cruising must be pretty strong as well.
|
Now, a new court ruling permits Carnival to make its certification 30 days prior to a cruise ship returning to U.S. waters from abroad, or seven days after returning, for vessels coming back to the U.S. prior to Dec. 31, 2020. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Rich Smith has no position in any of the stocks mentioned.
|
Now, a new court ruling permits Carnival to make its certification 30 days prior to a cruise ship returning to U.S. waters from abroad, or seven days after returning, for vessels coming back to the U.S. prior to Dec. 31, 2020. 10 stocks we like better than Carnival When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Rich Smith has no position in any of the stocks mentioned.
|
Independent of coronavirus restrictions and no-sail orders, Carnival had been operating under a court order in Florida requiring it to certify that its ships were intact and not leaking oil before entering U.S. waters. And the upshot is that, coronavirus permitting, Carnival should be able to resume cruising in December if it wants to. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Rich Smith has no position in any of the stocks mentioned.
|
5114.0
|
2020-10-22 00:00:00 UTC
|
Why Airline Shares Are Up Today
|
AAL
|
https://www.nasdaq.com/articles/why-airline-shares-are-up-today-2020-10-22
|
nan
|
nan
|
What happened
Coming into earnings season, investors knew the airline industry had a terrible third quarter, but they were less certain about what management would say about what lies ahead. The mood, so far, has generally been upbeat. That and some company-specific news regarding a deal with labor is giving a lift to the sector on Thursday.
Shares of JetBlue Airways (NASDAQ: JBLU) and Spirit Airlines (NYSE: SAVE) each traded up 8% as of 2:15 EDT, while shares of Hawaiian Holdings (NASDAQ: HA) were up 7%, and Southwest Airlines (NYSE: LUV) and Delta Air Lines (NYSE: DAL) were each up more than 5% apiece.
So what
It's been a tough year for airlines, with the COVID-19 pandemic wiping out demand for travel and pushing the entire industry into the red. Southwest on Thursday reported its worst loss in corporate history, but CEO Gary Kelly told investors the $1.2 billion loss was "significantly less" than feared several months ago.
The industry expects to continue to lose money in the months to come. But it's reaffirming that, with billions in cash in the bank, there are no immediate bankruptcy risks. The hope is that even if travel does not fully return for years, as feared, there will be enough of a bounce back in 2021 as a COVID-19 vaccine comes to market that the airlines will be able to cut losses and ride out the storm.
Image source: Getty Images.
That will likely mean further cost cuts. JetBlue is surging on Thursday after announcing it has reached a tentative agreement with the Transport Workers Union on a new contract with its in-flight crew members. The airlines are hopeful of cutting costs without causing riffs with labor that could take years to mend, so any consensual agreement in this environment is viewed by investors as a win.
Spirit has not yet released earnings, but the company did announce an overhaul of its loyalty program in an indication that it is past the triage stage and looking toward trying to win flyers as they return to the skies. Spirit has the industry's lowest costs and should be one of the major beneficiaries, assuming travelers are initially lured back by low ticket prices.
Delta, along with Allegiant Travel (NASDAQ: ALGT), seems to be benefiting from the updraft.
One airline lagging the rally is American Airlines Group (NASDAQ: AAL), which like Southwest reported earnings on Thursday. While American actually lost less than expected, it said its board had authorized it to sell up to $1 billion in new stock.
American is widely viewed as the weakest of the major carriers, and though it ended the quarter with $13 billion in liquidity and should be no bankruptcy threat, it will emerge from the crisis with more than $30 billion in debt, meaning it will likely take longer than most to recover.
Similarly, United Airlines Holdings (NASDAQ: UAL) is up less than 2%. United provided a relatively upbeat assessment late last week but will need network adjustments to benefit as demand eventually returns.
Now what
We're more than halfway through earnings season, and the situation is exactly what we thought it would be. The airlines have the resources to survive, but they will likely struggle to thrive until traffic returns. With that possibly years away, it is hard to get excited about the stocks right now.
That said, the shares remain at levels far below where they were prior to the crisis. For those willing to wait out a recovery, there should be real opportunities to see these investments grow over time.
Given the risk and the continued uncertainty about the pandemic, it's best to limit airline exposure to a small part of a diversified portfolio, and stick with top operators with the best chance to survive. I'd recommend Southwest or Delta, with Spirit an interesting option if vacation travel does start to return by next summer.
10 stocks we like better than JetBlue Airways
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 JetBlue Airways 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 Spirit Airlines. The Motley Fool recommends 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.
|
One airline lagging the rally is American Airlines Group (NASDAQ: AAL), which like Southwest reported earnings on Thursday. The hope is that even if travel does not fully return for years, as feared, there will be enough of a bounce back in 2021 as a COVID-19 vaccine comes to market that the airlines will be able to cut losses and ride out the storm. Spirit has not yet released earnings, but the company did announce an overhaul of its loyalty program in an indication that it is past the triage stage and looking toward trying to win flyers as they return to the skies.
|
One airline lagging the rally is American Airlines Group (NASDAQ: AAL), which like Southwest reported earnings on Thursday. Shares of JetBlue Airways (NASDAQ: JBLU) and Spirit Airlines (NYSE: SAVE) each traded up 8% as of 2:15 EDT, while shares of Hawaiian Holdings (NASDAQ: HA) were up 7%, and Southwest Airlines (NYSE: LUV) and Delta Air Lines (NYSE: DAL) were each up more than 5% apiece. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.
|
One airline lagging the rally is American Airlines Group (NASDAQ: AAL), which like Southwest reported earnings on Thursday. Shares of JetBlue Airways (NASDAQ: JBLU) and Spirit Airlines (NYSE: SAVE) each traded up 8% as of 2:15 EDT, while shares of Hawaiian Holdings (NASDAQ: HA) were up 7%, and Southwest Airlines (NYSE: LUV) and Delta Air Lines (NYSE: DAL) were each up more than 5% apiece. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.
|
One airline lagging the rally is American Airlines Group (NASDAQ: AAL), which like Southwest reported earnings on Thursday. The hope is that even if travel does not fully return for years, as feared, there will be enough of a bounce back in 2021 as a COVID-19 vaccine comes to market that the airlines will be able to cut losses and ride out the storm. That's right -- they think these 10 stocks are even better buys.
|
5115.0
|
2020-10-22 00:00:00 UTC
|
Why General Electric, Booking Holdings, and Six Flags Stocks All Surged Thursday
|
AAL
|
https://www.nasdaq.com/articles/why-general-electric-booking-holdings-and-six-flags-stocks-all-surged-thursday-2020-10-22
|
nan
|
nan
|
What happened
In a curious confluence of circumstances, shares of stocks as varied as General Electric (NYSE: GE), Booking Holdings (NASDAQ: BKNG), and Six Flags Entertainment (NYSE: SIX) are all surging today -- and apparently on no news directly affecting any of them.
None of these three stocks reported earnings today nor received any kind words from Wall Street analysts. Regardless, in 2:40 p.m. EDT trading, shares of GE stock are running 5.7% higher, Booking Holdings is up 5.1%, and Six Flags has gained 8.9%. Why?
Image source: Getty Images.
So what
It's an October surprise for travel and leisure stocks -- and for General Electric, too. This morning, American Airlines (NASDAQ: AAL) reported its fiscal Q3 2020 earnings. Although they were abysmal, with sales way down from last year and a per-share loss of $4.71, they were also not nearly as bad as expected.
Delta Air Lines' massive earnings miss earlier this month spooked the market, you see, and the gloom only deepened when United Airlines followed up with a big miss of its own. Analysts had forecast that American would complete this tic-tac-toe of disappointment by losing $5.88 a share. They also thought sales would be down more than they were, predicting revenue of less than $2.8 billion -- but American reported $3.2 billion instead.
Even better, American Airlines CEO Doug Parker married his better-than-expected numbers with an observation that while the air travel market right now is still "nothing like it has been in the past," demand for holiday travel, at least, looks "relatively strong."
Now what
What does this mean for companies like General Electric, Booking Holdings, and Six Flags -- or more to the point today, what do investors appear to think it means?
For General Electric, greater demand for air travel means greater demand for airplanes with which to conduct that travel -- and therefore greater demand for airplane engines, which last year made up more than one-third of GE's total revenue and as much as 88% of its profits (according to data from S&P Global Market Intelligence).
For Booking Holdings, it means the promise of more reservations for airplane tickets to carry vacationers to their destinations, and for hotels to house them there. And Six Flags? Investors appear to be hoping that at least some of these vacationers will choose amusement parks as their vacation destination.
Rightly or wrongly, it's these hopes that appear to be driving all three stocks higher today -- and it all started with a few happy words from an airlines exec.
10 stocks we like better than General Electric
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 General Electric 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
Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Booking Holdings. 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.
|
This morning, American Airlines (NASDAQ: AAL) reported its fiscal Q3 2020 earnings. Regardless, in 2:40 p.m. EDT trading, shares of GE stock are running 5.7% higher, Booking Holdings is up 5.1%, and Six Flags has gained 8.9%. For Booking Holdings, it means the promise of more reservations for airplane tickets to carry vacationers to their destinations, and for hotels to house them there.
|
This morning, American Airlines (NASDAQ: AAL) reported its fiscal Q3 2020 earnings. What happened In a curious confluence of circumstances, shares of stocks as varied as General Electric (NYSE: GE), Booking Holdings (NASDAQ: BKNG), and Six Flags Entertainment (NYSE: SIX) are all surging today -- and apparently on no news directly affecting any of them. For General Electric, greater demand for air travel means greater demand for airplanes with which to conduct that travel -- and therefore greater demand for airplane engines, which last year made up more than one-third of GE's total revenue and as much as 88% of its profits (according to data from S&P Global Market Intelligence).
|
This morning, American Airlines (NASDAQ: AAL) reported its fiscal Q3 2020 earnings. What happened In a curious confluence of circumstances, shares of stocks as varied as General Electric (NYSE: GE), Booking Holdings (NASDAQ: BKNG), and Six Flags Entertainment (NYSE: SIX) are all surging today -- and apparently on no news directly affecting any of them. For General Electric, greater demand for air travel means greater demand for airplanes with which to conduct that travel -- and therefore greater demand for airplane engines, which last year made up more than one-third of GE's total revenue and as much as 88% of its profits (according to data from S&P Global Market Intelligence).
|
This morning, American Airlines (NASDAQ: AAL) reported its fiscal Q3 2020 earnings. So what It's an October surprise for travel and leisure stocks -- and for General Electric, too. Now what What does this mean for companies like General Electric, Booking Holdings, and Six Flags -- or more to the point today, what do investors appear to think it means?
|
5116.0
|
2020-10-22 00:00:00 UTC
|
Why Shares of Sabre Are Soaring Today
|
AAL
|
https://www.nasdaq.com/articles/why-shares-of-sabre-are-soaring-today-2020-10-22
|
nan
|
nan
|
What happened
Shares of Sabre (NASDAQ: SABR) climbed more than 16% on Thursday thanks to a new partnership with Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to expand the use of artificial intelligence (AI) in travel sales. Sabre's airline customers are having a good day as well, helping to boost enthusiasm about the company.
So what
Sabre is a former subsidiary of American Airlines Group that runs airline ticketing and reservation systems. The company has had a hard time of late in part because the coronavirus pandemic has gutted travel demand, but also in part because tech companies like Google have been cutting in on the ticketing business.
Image source: Getty Images.
The airlines are rallying on earnings results that indicate the industry can survive without bankruptcies. And Sabre and Google are finding ways to work together. The companies said they are developing an AI platform, known as Sabre Travel AI, aimed at helping customers get personalized content and to help travel providers boost revenue and margins. Sabre hopes to bring the product to market in early 2021.
Now what
Even after Thursday's rally, Sabre shares are down 65% for the year. There hasn't been a lot to get excited about for investors in airlines or the companies that rely on them for revenue. And with travel not expected to fully recover for years, it might be a long time before Sabre's core business returns to its pre-pandemic levels.
That said, Sabre's work on AI could be a big part of the reason the company is able to benefit once travel does return. For investors with a long-enough time horizon, the introduction of Sabre Travel AI is undoubtedly good news. In a tough year for the business, investors finally got something to get excited about on Thursday.
10 stocks we like better than Sabre
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 Sabre 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
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alphabet (A shares) and Alphabet (C shares). The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
And with travel not expected to fully recover for years, it might be a long time before Sabre's core business returns to its pre-pandemic levels. That said, Sabre's work on AI could be a big part of the reason the company is able to benefit once travel does return. For investors with a long-enough time horizon, the introduction of Sabre Travel AI is undoubtedly good news.
|
Now what Even after Thursday's rally, Sabre shares are down 65% for the year. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. The Motley Fool owns shares of and recommends Alphabet (A shares) and Alphabet (C shares).
|
What happened Shares of Sabre (NASDAQ: SABR) climbed more than 16% on Thursday thanks to a new partnership with Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to expand the use of artificial intelligence (AI) in travel sales. The companies said they are developing an AI platform, known as Sabre Travel AI, aimed at helping customers get personalized content and to help travel providers boost revenue and margins. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.
|
That said, Sabre's work on AI could be a big part of the reason the company is able to benefit once travel does return. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. That's right -- they think these 10 stocks are even better buys.
|
5117.0
|
2020-10-22 00:00:00 UTC
|
American Airlines Group Inc Q3 adjusted earnings Beat Estimates
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-group-inc-q3-adjusted-earnings-beat-estimates-2020-10-22
|
nan
|
nan
|
(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL):
-Earnings: -$2.40 billion in Q3 vs. $0.43 billion in the same period last year. -EPS: -$4.71 in Q3 vs. $0.96 in the same period last year. -Excluding items, American Airlines Group Inc reported adjusted earnings of -$2.82 billion or -$5.54 per share for the period. -Analysts projected -$5.88 per share -Revenue: $3.17 billion in Q3 vs. $11.91 billion in the same period last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL): -Earnings: -$2.40 billion in Q3 vs. $0.43 billion in the same period last year. -Excluding items, American Airlines Group Inc reported adjusted earnings of -$2.82 billion or -$5.54 per share for the period. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL): -Earnings: -$2.40 billion in Q3 vs. $0.43 billion in the same period last year. -Excluding items, American Airlines Group Inc reported adjusted earnings of -$2.82 billion or -$5.54 per share for the period. -Analysts projected -$5.88 per share -Revenue: $3.17 billion in Q3 vs. $11.91 billion in the same period last year.
|
(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL): -Earnings: -$2.40 billion in Q3 vs. $0.43 billion in the same period last year. -Analysts projected -$5.88 per share -Revenue: $3.17 billion in Q3 vs. $11.91 billion in the same period last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL): -Earnings: -$2.40 billion in Q3 vs. $0.43 billion in the same period last year. -Analysts projected -$5.88 per share -Revenue: $3.17 billion in Q3 vs. $11.91 billion in the same period last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
5118.0
|
2020-10-22 00:00:00 UTC
|
American Airlines, Southwest post deep losses and renew calls for aid
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-southwest-post-deep-losses-and-renew-calls-for-aid-2020-10-22
|
nan
|
nan
|
By Tracy Rucinski and Sanjana Shivdas
CHICAGO, Oct 22 (Reuters) - American Airlines AAL.O and Southwest Airlines LUV.N each reported deep losses in the third quarter on Thursday, but said they would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse.
They warned, however, that passenger traffic would remain fragile until a COVID-19 vaccine was made widely available, and renewed calls for another $25 billion in government payroll support to protect jobs.
Southwest said it would stop blocking middle seats in December, referencing recent medical research about the coronavirus showing that the combination of air filtration on airplanes combined with face masks "make the risk of breathing COVID-19 particles on an airplane is virtually non-existent."
It said the practice of keeping middle seats open had bridged it from the early days of the pandemic, "when we had little knowledge about the behavior of the virus, to now."
American has already been selling all of its available seats.
American posted a net loss of $2.40 billion, or $4.71 per share, in the third quarter ended Sept. 30, compared with a profit of $425 million, or 96 cents per share, a year earlier. It was its third straight quarterly loss.
On an adjusted basis, the company lost $5.54 per share. Total operating revenue fell to $3.17 billion from $11.91 billion.
American said it expects its cash burn rate to fall to about $25 million to $30 million a day in the fourth quarter from about $44 million per day in the third quarter and $58 million per day in the second.
American Airlines ended the third quarter with $13.6 billion in available liquidity, after securing a total of $7.5 billion in federal loans.
"These funds will be critical as we continue to fight for the future of our company," American Chief Executive Doug Parker and President Robert Isom said in a memo to employees.
Southwest has not tapped the federal loan fund and ended the quarter with $15.6 billion in liquidity.
The low-cost airline forecast fourth-quarter average core cash burn of about $11 million per day, compared with $16 million per day in the third quarter and $23 million per day in the second.
(Reporting by Tracy Rucinski and Sanjana Shivdas)
((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.
|
By Tracy Rucinski and Sanjana Shivdas CHICAGO, Oct 22 (Reuters) - American Airlines AAL.O and Southwest Airlines LUV.N each reported deep losses in the third quarter on Thursday, but said they would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse. They warned, however, that passenger traffic would remain fragile until a COVID-19 vaccine was made widely available, and renewed calls for another $25 billion in government payroll support to protect jobs. It said the practice of keeping middle seats open had bridged it from the early days of the pandemic, "when we had little knowledge about the behavior of the virus, to now."
|
By Tracy Rucinski and Sanjana Shivdas CHICAGO, Oct 22 (Reuters) - American Airlines AAL.O and Southwest Airlines LUV.N each reported deep losses in the third quarter on Thursday, but said they would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse. American Airlines ended the third quarter with $13.6 billion in available liquidity, after securing a total of $7.5 billion in federal loans. The low-cost airline forecast fourth-quarter average core cash burn of about $11 million per day, compared with $16 million per day in the third quarter and $23 million per day in the second.
|
By Tracy Rucinski and Sanjana Shivdas CHICAGO, Oct 22 (Reuters) - American Airlines AAL.O and Southwest Airlines LUV.N each reported deep losses in the third quarter on Thursday, but said they would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse. American posted a net loss of $2.40 billion, or $4.71 per share, in the third quarter ended Sept. 30, compared with a profit of $425 million, or 96 cents per share, a year earlier. American said it expects its cash burn rate to fall to about $25 million to $30 million a day in the fourth quarter from about $44 million per day in the third quarter and $58 million per day in the second.
|
By Tracy Rucinski and Sanjana Shivdas CHICAGO, Oct 22 (Reuters) - American Airlines AAL.O and Southwest Airlines LUV.N each reported deep losses in the third quarter on Thursday, but said they would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse. American posted a net loss of $2.40 billion, or $4.71 per share, in the third quarter ended Sept. 30, compared with a profit of $425 million, or 96 cents per share, a year earlier. American Airlines ended the third quarter with $13.6 billion in available liquidity, after securing a total of $7.5 billion in federal loans.
|
5119.0
|
2020-10-22 00:00:00 UTC
|
COLUMN-Glencore sees logic in keeping coal, the market may disagree: Russell
|
AAL
|
https://www.nasdaq.com/articles/column-glencore-sees-logic-in-keeping-coal-the-market-may-disagree%3A-russell-2020-10-22
|
nan
|
nan
|
By Clyde Russell
LAUNCESTON, Australia, Oct 22 (Reuters) - Glencore wants to keep its coal mines but run them down over time, believing that this will be a better outcome for the climate than selling them to another operator or spinning them into a new company.
While it's arguable that this is actually a better outcome for the environment, it's also possible that Glencore is setting itself up for a conflict with shareholders, both existing and potential, who are likely to demand firmer action on coal than a long goodbye, even if an extended exit is more profitable.
Ivan Glasenberg, the chief executive of the diversified miner, told the Financial Times Mining Summit last week that Glencore is not planning to replace its coal mines as the reserves are exhausted.
Glencore is the world's largest coal exporter and pledged in February last year that it would cap output at its then annual capacity of 145 million tonnes.
But Glasenberg appears in no rush to join his global peers in selling off coal assets, saying that this would do little to reduce Scope 3 carbon emissions, which are created when the fuel is burned by the end user.
"I don't see how spinning off coal mines will help us reduce Scope 3 emissions," Glasenberg told the summit.
He may be correct that a better outcome for the environment is for Glencore to maintain ownership of its coal mines and gradually close them over time, rather than selling them to a less scrupulous investor who may seek to extend their lifespan.
But investors are increasingly likely to hold a different opinion, given the growing focus on environmental, social and governance (ESG) issues.
Hardly a day goes by without pension funds, investment companies, banks or development financiers announcing their withdrawal from coal investments.
While other fossil fuels such as oil and gas are also called out, coal is still the primary target for any group aiming to boost ESG credentials.
A recent example is the decision by Japan's Mitsui & Co 8031.T to sell its remaining stakes in coal-fired power plants by 2030, as it shifts to natural gas to meet a 2050 target of net zero emissions.
Another example is the move by a group of investors, managing a combined $5 trillion, to lower their portfolio carbon emissions by as much as 29% over the next five years.
The Net-Zero Asset Owner Alliance, a group that includes the biggest U.S. pension scheme CalPERs and German insurer Allianz ALVG.DE, aims to align their portfolios with the 2015 Paris Agreement on climate change, Reuters reported on Oct. 13.
COAL ON THE OUTER
The trend against investing in coal has been accelerating in recent years and Glencore is likely to find itself swimming increasingly against the tide.
Glencore also has a solid renewable energy story to tell, being a major producer of the metals needed for batteries and electrical systems that promote the use of non-fossil sources on energy.
The company is the world's top producer of cobalt and is also a major miner of nickel and copper.
However, Glencore may find it hard to sell its role in powering the energy transition as long as the albatross of coal is hanging around its neck.
Global peers such as Rio Tinto RIO.AX, Anglo American AAL.L and others have already sold their coal assets, or have announced plans to do so.
While it's true that merely selling the assets does nothing to cut the volume of coal being produced, it does allow these companies to market themselves as part of the solution to climate change, rather than part of the problem.
It could also be argued that Glencore's share price has underperformed relative to its sector competitors, although there are other factors at work beyond ESG concerns.
However, Glencore's shares are down 29.4% in London so far this year, while Anglo American has slipped 10.2% and Rio is actually up 1.9%.
Glasenberg faces something of a paradox in that Glencore keeping its coal mines may be better in the long-term for the environment, but by doing so his company may be punished by those seeking to protect the same environment.
(Editing by Sam Holmes)
((clyde.russell@thomsonreuters.com)(+61 437 622 448)(Reuters Messaging: clyde.russell.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.
|
Global peers such as Rio Tinto RIO.AX, Anglo American AAL.L and others have already sold their coal assets, or have announced plans to do so. By Clyde Russell LAUNCESTON, Australia, Oct 22 (Reuters) - Glencore wants to keep its coal mines but run them down over time, believing that this will be a better outcome for the climate than selling them to another operator or spinning them into a new company. While it's arguable that this is actually a better outcome for the environment, it's also possible that Glencore is setting itself up for a conflict with shareholders, both existing and potential, who are likely to demand firmer action on coal than a long goodbye, even if an extended exit is more profitable.
|
Global peers such as Rio Tinto RIO.AX, Anglo American AAL.L and others have already sold their coal assets, or have announced plans to do so. Ivan Glasenberg, the chief executive of the diversified miner, told the Financial Times Mining Summit last week that Glencore is not planning to replace its coal mines as the reserves are exhausted. But Glasenberg appears in no rush to join his global peers in selling off coal assets, saying that this would do little to reduce Scope 3 carbon emissions, which are created when the fuel is burned by the end user.
|
Global peers such as Rio Tinto RIO.AX, Anglo American AAL.L and others have already sold their coal assets, or have announced plans to do so. By Clyde Russell LAUNCESTON, Australia, Oct 22 (Reuters) - Glencore wants to keep its coal mines but run them down over time, believing that this will be a better outcome for the climate than selling them to another operator or spinning them into a new company. Ivan Glasenberg, the chief executive of the diversified miner, told the Financial Times Mining Summit last week that Glencore is not planning to replace its coal mines as the reserves are exhausted.
|
Global peers such as Rio Tinto RIO.AX, Anglo American AAL.L and others have already sold their coal assets, or have announced plans to do so. But Glasenberg appears in no rush to join his global peers in selling off coal assets, saying that this would do little to reduce Scope 3 carbon emissions, which are created when the fuel is burned by the end user. "I don't see how spinning off coal mines will help us reduce Scope 3 emissions," Glasenberg told the summit.
|
5120.0
|
2020-10-22 00:00:00 UTC
|
American Airlines Group Posts Loss In Q3; Revenue Down 73%
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-group-posts-loss-in-q3-revenue-down-73-2020-10-22
|
nan
|
nan
|
(RTTNews) - American Airlines Group Inc. (AAL) reported a third quarter loss per share, excluding net special items, of $5.54 compared to profit of $1.42, prior year. On average, 17 analysts polled by Thomson Reuters expected the company to report a loss per share of $5.88, for the quarter. Analysts' estimates typically exclude special items. Excluding net special items, third-quarter pretax loss was $3.6 billion. Excluding net special items, third-quarter net loss was $2.8 billion.
Third-quarter revenue was $3.2 billion, down 73% year-over-year on a 59% year-over-year reduction in total available seat miles. Analysts expected revenue of $2.76 billion, for the quarter.
The company currently expects its fourth-quarter system capacity to be down more than 50% year over year, with long-haul international capacity down approximately 75% year over year.
American Airlines Group ended third quarter with approximately $13.6 billion of total available liquidity. Third-quarter pro forma liquidity balance was approximately $15.6 billion. The company announced authorization to issue up to $1 billion of equity in an at-the-market offering to further bolster liquidity.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - American Airlines Group Inc. (AAL) reported a third quarter loss per share, excluding net special items, of $5.54 compared to profit of $1.42, prior year. On average, 17 analysts polled by Thomson Reuters expected the company to report a loss per share of $5.88, for the quarter. The company announced authorization to issue up to $1 billion of equity in an at-the-market offering to further bolster liquidity.
|
(RTTNews) - American Airlines Group Inc. (AAL) reported a third quarter loss per share, excluding net special items, of $5.54 compared to profit of $1.42, prior year. Excluding net special items, third-quarter pretax loss was $3.6 billion. Excluding net special items, third-quarter net loss was $2.8 billion.
|
(RTTNews) - American Airlines Group Inc. (AAL) reported a third quarter loss per share, excluding net special items, of $5.54 compared to profit of $1.42, prior year. Excluding net special items, third-quarter pretax loss was $3.6 billion. Excluding net special items, third-quarter net loss was $2.8 billion.
|
(RTTNews) - American Airlines Group Inc. (AAL) reported a third quarter loss per share, excluding net special items, of $5.54 compared to profit of $1.42, prior year. Analysts expected revenue of $2.76 billion, for the quarter. American Airlines Group ended third quarter with approximately $13.6 billion of total available liquidity.
|
5121.0
|
2020-10-22 00:00:00 UTC
|
American Airlines, Southwest post deep losses and renew calls for aid
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-southwest-post-deep-losses-and-renew-calls-for-aid-2020-10-22-0
|
nan
|
nan
|
By Tracy Rucinski and Sanjana Shivdas
Oct 22 (Reuters) - American Airlines AAL.O and Southwest Airlines LUV.N each reported deep losses in the third quarter on Thursday, but said they would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse.
They warned, however, that passenger traffic would remain fragile until a COVID-19 vaccine was made widely available, and renewed calls for another $25 billion in government payroll support to protect jobs as lawmakers continue to wrangle over a broader COVID-19 relief deal.
The airlines also pushed forward with a campaign to persuade travelers that it is safe to fly.
Southwest said it would stop blocking middle seats in December, referencing recent medical research about the coronavirus showing that the combination of air filtration on airplanes combined with face masks "make the risk of breathing COVID-19 particles on an airplane is virtually non-existent."
It said the practice of keeping middle seats open had bridged it from the early days of the pandemic, "when we had little knowledge about the behavior of the virus, to now."
In a study released last week, the U.S. Department of Defense called the risk "very low."
American and rival United Airlines UAL.O have been selling all available seats, while Delta Air Lines DAL.Nis blocking middle seats through early January.
EYES ON CASH
American Airlines said it expects its cash burn rate to fall to about $25 million to $30 million a day in the fourth quarter from about $44 million per day in the third quarter and $58 million per day in the second.
It ended the third quarter with $13.6 billion in available liquidity, after securing a total of $7.5 billion in federal loans and said it could also issue up to $1 billion of equity in an at-the-market offering to further bolster liquidity.
"These funds will be critical as we continue to fight for the future of our company," American Chief Executive Doug Parker and President Robert Isom said in a memo to employees.
American posted a net loss of $2.40 billion, or $4.71 per share, in the third quarter ended Sept. 30, compared with a profit of $425 million, a year earlier. Total operating revenue fell to $3.17 billion from $11.91 billion.
Southwest, which reported a $1.2 billion loss, its biggest ever, has not tapped the federal loan fund and ended the quarter with $15.6 billion in liquidity.
The low-cost airline forecast fourth-quarter average core cash burn of about $11 million per day, compared with $16 million per day in the third quarter and $23 million per day in the second.
Going forward, Southwest said it would need to double the revenue it booked in the third quarter in order to halt its cash burn.
Its total operating revenue fell 68.2% to $1.79 billion.
DEFERRED DELIVERIES
With little need for new jets, American said it had agreed with Boeing BA.N to defer deliveries of 18 737 MAX aircraft scheduled to be delivered in 2021 and 2022 to 2023 and 2024.
Southwest, which had already agreed to take no more than 48 MAX aircraft through 2021, said it was in discussions with Boeing to restructure its order book given current demand trends.
The MAX has been grounded since March 2019 after two fatal crashes. American has said it could return the jets to service this year pending the timing of Federal Aviation Administration (FAA) approval for software and training changes, while Southwest said on Thursday it probably will not fly the jets until at least the second quarter of 2021.
The airlines have also parked jets and retired aircraft due to depressed demand.
(Reporting by Tracy Rucinski in Chicago and Sanjana Shivdas in Bengaluru Editing by Nick Zieminski)
((tracy.rucinski@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
By Tracy Rucinski and Sanjana Shivdas Oct 22 (Reuters) - American Airlines AAL.O and Southwest Airlines LUV.N each reported deep losses in the third quarter on Thursday, but said they would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse. They warned, however, that passenger traffic would remain fragile until a COVID-19 vaccine was made widely available, and renewed calls for another $25 billion in government payroll support to protect jobs as lawmakers continue to wrangle over a broader COVID-19 relief deal. "These funds will be critical as we continue to fight for the future of our company," American Chief Executive Doug Parker and President Robert Isom said in a memo to employees.
|
By Tracy Rucinski and Sanjana Shivdas Oct 22 (Reuters) - American Airlines AAL.O and Southwest Airlines LUV.N each reported deep losses in the third quarter on Thursday, but said they would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse. The low-cost airline forecast fourth-quarter average core cash burn of about $11 million per day, compared with $16 million per day in the third quarter and $23 million per day in the second. With little need for new jets, American said it had agreed with Boeing BA.N to defer deliveries of 18 737 MAX aircraft scheduled to be delivered in 2021 and 2022 to 2023 and 2024.
|
By Tracy Rucinski and Sanjana Shivdas Oct 22 (Reuters) - American Airlines AAL.O and Southwest Airlines LUV.N each reported deep losses in the third quarter on Thursday, but said they would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse. American Airlines said it expects its cash burn rate to fall to about $25 million to $30 million a day in the fourth quarter from about $44 million per day in the third quarter and $58 million per day in the second. The low-cost airline forecast fourth-quarter average core cash burn of about $11 million per day, compared with $16 million per day in the third quarter and $23 million per day in the second.
|
By Tracy Rucinski and Sanjana Shivdas Oct 22 (Reuters) - American Airlines AAL.O and Southwest Airlines LUV.N each reported deep losses in the third quarter on Thursday, but said they would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse. American posted a net loss of $2.40 billion, or $4.71 per share, in the third quarter ended Sept. 30, compared with a profit of $425 million, a year earlier. Going forward, Southwest said it would need to double the revenue it booked in the third quarter in order to halt its cash burn.
|
5122.0
|
2020-10-22 00:00:00 UTC
|
American Airlines Group Q3 20 Earnings Conference Call At 8:30 AM ET
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-group-q3-20-earnings-conference-call-at-8%3A30-am-et-2020-10-22
|
nan
|
nan
|
(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 AM ET on October 22, 2020, to discuss Q3 20 earnings results.
To access the live webcast, log on to http://aa.com/investorrelations
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 AM ET on October 22, 2020, to discuss Q3 20 earnings results. To access the live webcast, log on to http://aa.com/investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 AM ET on October 22, 2020, to discuss Q3 20 earnings results. To access the live webcast, log on to http://aa.com/investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 AM ET on October 22, 2020, to discuss Q3 20 earnings results. To access the live webcast, log on to http://aa.com/investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 AM ET on October 22, 2020, to discuss Q3 20 earnings results. To access the live webcast, log on to http://aa.com/investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
5123.0
|
2020-10-22 00:00:00 UTC
|
Anglo maintains output targets despite drop in Q3 output
|
AAL
|
https://www.nasdaq.com/articles/anglo-maintains-output-targets-despite-drop-in-q3-output-2020-10-22
|
nan
|
nan
|
JOHANNESBURG, Oct 22 (Reuters) - Anglo American Plc AAL.L on Thursday maintained most of its production targets, as it posted a year-on-year fall in third-quarter output reflecting maintenance at its Minas-Rio iron ore mine in Brazil and the suspension of its Grosvenor metallurgical coal operations in Australia.
In the three months to September, overall production fell 3% with diamonds, platinum, iron ore and coal down, while copper and manganese production rose.
(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.
|
JOHANNESBURG, Oct 22 (Reuters) - Anglo American Plc AAL.L on Thursday maintained most of its production targets, as it posted a year-on-year fall in third-quarter output reflecting maintenance at its Minas-Rio iron ore mine in Brazil and the suspension of its Grosvenor metallurgical coal operations in Australia. In the three months to September, overall production fell 3% with diamonds, platinum, iron ore and coal down, while copper and manganese production rose. (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.
|
JOHANNESBURG, Oct 22 (Reuters) - Anglo American Plc AAL.L on Thursday maintained most of its production targets, as it posted a year-on-year fall in third-quarter output reflecting maintenance at its Minas-Rio iron ore mine in Brazil and the suspension of its Grosvenor metallurgical coal operations in Australia. In the three months to September, overall production fell 3% with diamonds, platinum, iron ore and coal down, while copper and manganese production rose. (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.
|
JOHANNESBURG, Oct 22 (Reuters) - Anglo American Plc AAL.L on Thursday maintained most of its production targets, as it posted a year-on-year fall in third-quarter output reflecting maintenance at its Minas-Rio iron ore mine in Brazil and the suspension of its Grosvenor metallurgical coal operations in Australia. In the three months to September, overall production fell 3% with diamonds, platinum, iron ore and coal down, while copper and manganese production rose. (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.
|
JOHANNESBURG, Oct 22 (Reuters) - Anglo American Plc AAL.L on Thursday maintained most of its production targets, as it posted a year-on-year fall in third-quarter output reflecting maintenance at its Minas-Rio iron ore mine in Brazil and the suspension of its Grosvenor metallurgical coal operations in Australia. In the three months to September, overall production fell 3% with diamonds, platinum, iron ore and coal down, while copper and manganese production rose. (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.
|
5124.0
|
2020-10-22 00:00:00 UTC
|
Pre-Market Most Active for Oct 22, 2020 : EVK, T, AAL, E, TSLA, AAPL, NIO, SNAP, SQQQ, APTX, NOK, BP
|
AAL
|
https://www.nasdaq.com/articles/pre-market-most-active-for-oct-22-2020-%3A-evk-t-aal-e-tsla-aapl-nio-snap-sqqq-aptx-nok-bp
|
nan
|
nan
|
The NASDAQ 100 Pre-Market Indicator is up 27.87 to 11,693.24. The total Pre-Market volume is currently 21,000,910 shares traded.
The following are the most active stocks for the pre-market session:
Ever-Glory International Group, Inc. (EVK) is +1.25 at $2.40, with 3,247,370 shares traded.
AT&T Inc. (T) is +0.8502 at $27.57, with 1,703,636 shares traded. Reuters Reports: AT&T takes pandemic hit, but surpasses revenue expectations
American Airlines Group, Inc. (AAL) is -0.245 at $12.50, with 1,492,970 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 $-5.62. Reuters Reports: American Airlines, Southwest post deep losses and renew calls for aid
ENI S.p.A. (E) is -0.03 at $14.85, with 1,077,485 shares traded.E is scheduled to provide an earnings report on 10/23/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is 999 per share, which represents a 49 percent increase over the EPS one Year Ago
Tesla, Inc. (TSLA) is +18.88 at $441.52, with 1,041,281 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 $0.37. TSLA's current last sale is 134.2% of the target price of $329.
Apple Inc. (AAPL) is +0.24 at $117.11, with 883,589 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
NIO Inc. (NIO) is +0.31 at $28.17, with 768,517 shares traded. NIO's current last sale is 129.52% of the target price of $21.75.
Snap Inc. (SNAP) is -0.6 at $35.90, with 527,279 shares traded., following a 52-week high recorded in prior regular session.
ProShares UltraPro Short QQQ (SQQQ) is -0.11 at $21.65, with 435,669 shares traded. This represents a 14.25% increase from its 52 Week Low.
Aptinyx Inc. (APTX) is -0.77 at $3.13, with 434,996 shares traded. As reported by Zacks, the current mean recommendation for APTX is in the "buy range".
Nokia Corporation (NOK) is +0.03 at $4.31, with 433,983 shares traded. GlobeNewswire Reports: Nokia Threat Intelligence Report warns of rising cyberattacks on internet-connected devices
BP p.l.c. (BP) is -0.26 at $15.57, with 419,486 shares traded.BP is scheduled to provide an earnings report on 10/27/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -0.14 per share, which represents a 66 percent increase over the EPS one Year Ago
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines Group, Inc. (AAL) is -0.245 at $12.50, with 1,492,970 shares traded. Reuters Reports: American Airlines, Southwest post deep losses and renew calls for aid ENI S.p.A. (E) is -0.03 at $14.85, with 1,077,485 shares traded.E is scheduled to provide an earnings report on 10/23/2020, for the fiscal quarter ending Sep2020.
|
American Airlines Group, Inc. (AAL) is -0.245 at $12.50, with 1,492,970 shares traded. The consensus earnings per share forecast is 999 per share, which represents a 49 percent increase over the EPS one Year Ago The consensus earnings per share forecast is 0.69 per share, which represents a 76 percent increase over the EPS one Year Ago
|
American Airlines Group, Inc. (AAL) is -0.245 at $12.50, with 1,492,970 shares traded. The consensus earnings per share forecast is 999 per share, which represents a 49 percent increase over the EPS one Year Ago The consensus earnings per share forecast is 0.69 per share, which represents a 76 percent increase over the EPS one Year Ago
|
American Airlines Group, Inc. (AAL) is -0.245 at $12.50, with 1,492,970 shares traded. AT&T Inc. (T) is +0.8502 at $27.57, with 1,703,636 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020.
|
5125.0
|
2020-10-21 00:00:00 UTC
|
Anglo American's S.Africa unit faces class action over Zambia lead poisoning
|
AAL
|
https://www.nasdaq.com/articles/anglo-americans-s.africa-unit-faces-class-action-over-zambia-lead-poisoning-2020-10-21
|
nan
|
nan
|
By Helen Reid and Tanisha Heiberg
JOHANNESBURG, Oct 21 (Reuters) - Anglo American's AAL.L South African division is being sued over allegations of negligence at a lead mine it part-owned in Zambia nearly 50 years ago, according to a class action filed at South Africa's High Court on Wednesday.
South African law firm Mbuyisa Moleele and UK-based Leigh Day said they filed the suit "on behalf of a class estimated to comprise more than 100,000 individuals" thought to have been poisoned by lead from the mine in Zambia's Kabwe district.
"The application is brought by 13 representative plaintiffs on behalf of children under 18, and girls and women who have been or may become pregnant in the future," the two law firms said in a statement.
Anglo American said it would review the claims and "take all necessary steps to vigorously defend its position".
It said it was one of a number of investors in the company that owned the mine until the early 1970s, when it was taken over by the Zambian government, but was "at all times far from being a majority owner".
"Furthermore, in the early 1970s the company that owned the mine was nationalised by the Government of Zambia and for more than 20 years thereafter the mine was operated by a State-owned body until its closure in 1994," it said in an emailed statement to Reuters.
The Zambian mines ministry did not immediately respond to requests for comment.
The lawsuit alleges Anglo American South Africa (AASA) is liable for emissions of lead into the local environment due to deficiencies in design, and for failing to ensure the clean-up of contaminated land or that ZCCM, a state-owned company which took over the mine in 1974, was warned of the lead hazard.
The lawsuit does not involve any other company.
'TOXIC LEGACY'
The Zambian government sold stakes in ZCCM between 1992 and 2000, leaving it with a 17% share of the renamed ZCCM-IH, which holds minority stakes in mining projects. ZCCM-IH did not immediately respond to a request for comment.
"When one considers the period over which experts assess that most of this pollution occurred, and (AASA's) role in managing or providing technical and medical direction and advice during that time, there is a strong case for legal responsibility to be laid at Anglo's door," said Leigh Day partner Richard Meeran.
An August 2019 report by Human Rights Watch found more than one third of the population of Kabwe lived in lead-contaminated townships because of the mine's activities. The report called on the Zambian government to take responsibility. It said ZCCM-IH had taken some measures to address the effects of lead pollution but they had not been addressed in "any comprehensive way".
Exposure to high levels of lead could impair growth, damage organs such as the liver and brain and increase the risk of miscarriage, the HRW report said.
Zambia's then Minister Richard Musukwa said at the time of the report that the government was testing soil samples to ascertain the extent of poisoning and that some remedial measures were being carried out through a broader environmental project in the country's copperbelt region.
The class action seeks compensation from Anglo American for children, girls and women with lead poisoning who have or may become pregnant, as well as blood lead screening, clean up and remediation of the area.
(Additional reporting by Chris Mfula in Lusaka; editing by Emelia Sithole-Matarise)
((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.
|
By Helen Reid and Tanisha Heiberg JOHANNESBURG, Oct 21 (Reuters) - Anglo American's AAL.L South African division is being sued over allegations of negligence at a lead mine it part-owned in Zambia nearly 50 years ago, according to a class action filed at South Africa's High Court on Wednesday. South African law firm Mbuyisa Moleele and UK-based Leigh Day said they filed the suit "on behalf of a class estimated to comprise more than 100,000 individuals" thought to have been poisoned by lead from the mine in Zambia's Kabwe district. "When one considers the period over which experts assess that most of this pollution occurred, and (AASA's) role in managing or providing technical and medical direction and advice during that time, there is a strong case for legal responsibility to be laid at Anglo's door," said Leigh Day partner Richard Meeran.
|
By Helen Reid and Tanisha Heiberg JOHANNESBURG, Oct 21 (Reuters) - Anglo American's AAL.L South African division is being sued over allegations of negligence at a lead mine it part-owned in Zambia nearly 50 years ago, according to a class action filed at South Africa's High Court on Wednesday. The lawsuit alleges Anglo American South Africa (AASA) is liable for emissions of lead into the local environment due to deficiencies in design, and for failing to ensure the clean-up of contaminated land or that ZCCM, a state-owned company which took over the mine in 1974, was warned of the lead hazard. The class action seeks compensation from Anglo American for children, girls and women with lead poisoning who have or may become pregnant, as well as blood lead screening, clean up and remediation of the area.
|
By Helen Reid and Tanisha Heiberg JOHANNESBURG, Oct 21 (Reuters) - Anglo American's AAL.L South African division is being sued over allegations of negligence at a lead mine it part-owned in Zambia nearly 50 years ago, according to a class action filed at South Africa's High Court on Wednesday. South African law firm Mbuyisa Moleele and UK-based Leigh Day said they filed the suit "on behalf of a class estimated to comprise more than 100,000 individuals" thought to have been poisoned by lead from the mine in Zambia's Kabwe district. The lawsuit alleges Anglo American South Africa (AASA) is liable for emissions of lead into the local environment due to deficiencies in design, and for failing to ensure the clean-up of contaminated land or that ZCCM, a state-owned company which took over the mine in 1974, was warned of the lead hazard.
|
By Helen Reid and Tanisha Heiberg JOHANNESBURG, Oct 21 (Reuters) - Anglo American's AAL.L South African division is being sued over allegations of negligence at a lead mine it part-owned in Zambia nearly 50 years ago, according to a class action filed at South Africa's High Court on Wednesday. The Zambian mines ministry did not immediately respond to requests for comment. The report called on the Zambian government to take responsibility.
|
5126.0
|
2020-10-21 00:00:00 UTC
|
Breakingviews - Cathay is still overweight after layoffs
|
AAL
|
https://www.nasdaq.com/articles/breakingviews-cathay-is-still-overweight-after-layoffs-2020-10-21
|
nan
|
nan
|
Reuters
Reuters
HONG KONG (Reuters Breakingviews) - Cathay Pacific’s layoffs may not be the last. Hong Kong’s beleaguered airline is cutting around 8,500 jobs, or 24% of the group's headcount, and shutting down sister brand Cathay Dragon. That’s less severe than some other carriers, although shareholders took it well. The cuts will moreover only slow the cash burn rate. With travel expected to remain depressed next year, more savings will need to be found.
Cathay has so far avoided a hard landing. In June, the airline was handed a lifeline in the form of a HK$39 billion ($5 billion) recapitalisation led by the government, giving it an effective 6% stake. News of the cost cuts on Wednesday sent the carrier's shares up as much as 6.6% in morning trade.
The cuts affect 17% of existing jobs, excluding 2,600 unfilled positions. Cathay says this, combined with renegotiated remuneration packages and the closure of Cathay Dragon, will reduce the group’s monthly outlay by about HK$500 million in 2021, slowing the cash burn rate to somewhere between HK$1 billion to HK$1.5 billion a month. That’s still a lot, and others have cut more. In August Australia’s Qantas Airlines announced plans to shave 30% off its pre-pandemic staffing level; American Airlines planned to lay off a similar ratio in October.
The restructuring will cost HK$2.2 billion up front. That, plus negative cash flows, will keep pressure on the company’s reserves, which stood at HK$7.4 billion at the end of June. A sharp rebound in traffic might provide relief, but in Cathay’s most optimistic scenario for 2021, less than half of its pre-Covid capacity will be used. Worse, the International Air Transport Association anticipates global passenger travel won't return to pre-Covid-19 levels until 2024.
There aren’t many easy savings left to find. The government’s bailout might have entailed a tacit understanding that layoffs would be minimised. That leaves demoralising pay cuts, selling off airplanes in a down market, or offloading budget carrier Hong Kong Express. The latter would be a strategic step backward, and cut muscle as well as fat. Cathay has just taken some bitter medicine. It might have to get used to the taste.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Hong Kong’s beleaguered airline is cutting around 8,500 jobs, or 24% of the group's headcount, and shutting down sister brand Cathay Dragon. Worse, the International Air Transport Association anticipates global passenger travel won't return to pre-Covid-19 levels until 2024. That leaves demoralising pay cuts, selling off airplanes in a down market, or offloading budget carrier Hong Kong Express.
|
HONG KONG (Reuters Breakingviews) - Cathay Pacific’s layoffs may not be the last. Cathay says this, combined with renegotiated remuneration packages and the closure of Cathay Dragon, will reduce the group’s monthly outlay by about HK$500 million in 2021, slowing the cash burn rate to somewhere between HK$1 billion to HK$1.5 billion a month. That leaves demoralising pay cuts, selling off airplanes in a down market, or offloading budget carrier Hong Kong Express.
|
Hong Kong’s beleaguered airline is cutting around 8,500 jobs, or 24% of the group's headcount, and shutting down sister brand Cathay Dragon. Cathay says this, combined with renegotiated remuneration packages and the closure of Cathay Dragon, will reduce the group’s monthly outlay by about HK$500 million in 2021, slowing the cash burn rate to somewhere between HK$1 billion to HK$1.5 billion a month. That leaves demoralising pay cuts, selling off airplanes in a down market, or offloading budget carrier Hong Kong Express.
|
HONG KONG (Reuters Breakingviews) - Cathay Pacific’s layoffs may not be the last. Hong Kong’s beleaguered airline is cutting around 8,500 jobs, or 24% of the group's headcount, and shutting down sister brand Cathay Dragon. Cathay says this, combined with renegotiated remuneration packages and the closure of Cathay Dragon, will reduce the group’s monthly outlay by about HK$500 million in 2021, slowing the cash burn rate to somewhere between HK$1 billion to HK$1.5 billion a month.
|
5127.0
|
2020-10-20 00:00:00 UTC
|
Waiting for aid: U.S. airline workers 'pawns' in stimulus battle
|
AAL
|
https://www.nasdaq.com/articles/waiting-for-aid%3A-u.s.-airline-workers-pawns-in-stimulus-battle-2020-10-20-0
|
nan
|
nan
|
By Tracy Rucinski
CHICAGO, Oct 20 (Reuters) - When she is not helping her kids with remote school or worrying about her next mortgage payment, Jessica Trujillo spends her days rallying friends and co-workers to lobby Washington for federal aid to protect airline workers who feel their fates are trapped in a political tug-of-war.
The industry has so far failed to secure another $25 billion bailout for coronavirus-slammed airlines; however, U.S. House of Representatives Speaker Nancy Pelosi said on Tuesday she was optimistic Democrats could reach a deal with the Republican Trump administration on additional COVID-19 relief that could get aid out by early next month.
Airlines had pushed for broad COVID-19 legislation or a standalone bill before Sept. 30, when a first package tied to job protections expired despite wide bipartisan support as Democrats and Republicans wrestled with conflicting agendas and priorities before the Nov. 3 election.
"We're pawns," said Houston resident Trujillo, one of at least 50,000 airline workers - along with her flight attendant husband Rene - without a paycheck. Both are members of the Association of Flight Attendants-CWA, which is among the airline unions thathas helped organize lobbying efforts.
United Airlines UAL.O and American Airlines AAL.O, two of the top three U.S. carriers, have furloughed 32,000 workers. At least 20,000 other employees of the two companies have taken unpaid leaves of absence while watching rollercoaster negotiations in Washington that have seen prospects for more aid rise and fall on a daily, and even hourly, basis.
"We are bare-bones right now and the emotions back and forth are really really hard," said Trujillo. She and her husband both chose unpaid leave from United in order to ensure medical coverage after Rene's brother, who did not have health insurance, died from coronavirus in September.
Employees from gate agents to pilots have spent the past three months bombarding lawmakers with phone calls, letters, emails, social media posts and marches pleading for more airline payroll support either through a large COVID-19 relief deal or a standalone bill.
President Donald Trump on Tuesday pushed for a comprehensive COVID-19 relief package, saying he would accept a deal worth more than the $2.2 trillion floated by Pelosi despite opposition to large spending measures among his fellow Republicans in the U.S. Senate.
"I think I can speak for a lot of my colleagues when we say we’ve lost faith in our elected officials," said Miami-based Phillip Delahunty, one of 19,000 furloughed American Airlines employees. "I feel like our livelihoods and our well-being are being used for political gain in this country right now."
Congressional aides said Monday the chances for a standalone measure to provide payroll assistance to U.S. airlines before the Nov. 3 election had dimmed.
United and American have both vowed to bring back employees if lawmakers extend relief.
"It's like we're in purgatory," said Jennyne Trani, a single mom in Las Vegas who was furloughed by United and has held off on moving her family somewhere more affordable while she awaits news from Washington.
"Just tell us," she said. "I gotta figure my life out."
(Reporting by Tracy Rucinski; Editing by Leslie Adler and Aurora Ellis)
((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.
|
United Airlines UAL.O and American Airlines AAL.O, two of the top three U.S. carriers, have furloughed 32,000 workers. By Tracy Rucinski CHICAGO, Oct 20 (Reuters) - When she is not helping her kids with remote school or worrying about her next mortgage payment, Jessica Trujillo spends her days rallying friends and co-workers to lobby Washington for federal aid to protect airline workers who feel their fates are trapped in a political tug-of-war. The industry has so far failed to secure another $25 billion bailout for coronavirus-slammed airlines; however, U.S. House of Representatives Speaker Nancy Pelosi said on Tuesday she was optimistic Democrats could reach a deal with the Republican Trump administration on additional COVID-19 relief that could get aid out by early next month.
|
United Airlines UAL.O and American Airlines AAL.O, two of the top three U.S. carriers, have furloughed 32,000 workers. By Tracy Rucinski CHICAGO, Oct 20 (Reuters) - When she is not helping her kids with remote school or worrying about her next mortgage payment, Jessica Trujillo spends her days rallying friends and co-workers to lobby Washington for federal aid to protect airline workers who feel their fates are trapped in a political tug-of-war. Employees from gate agents to pilots have spent the past three months bombarding lawmakers with phone calls, letters, emails, social media posts and marches pleading for more airline payroll support either through a large COVID-19 relief deal or a standalone bill.
|
United Airlines UAL.O and American Airlines AAL.O, two of the top three U.S. carriers, have furloughed 32,000 workers. By Tracy Rucinski CHICAGO, Oct 20 (Reuters) - When she is not helping her kids with remote school or worrying about her next mortgage payment, Jessica Trujillo spends her days rallying friends and co-workers to lobby Washington for federal aid to protect airline workers who feel their fates are trapped in a political tug-of-war. Employees from gate agents to pilots have spent the past three months bombarding lawmakers with phone calls, letters, emails, social media posts and marches pleading for more airline payroll support either through a large COVID-19 relief deal or a standalone bill.
|
United Airlines UAL.O and American Airlines AAL.O, two of the top three U.S. carriers, have furloughed 32,000 workers. President Donald Trump on Tuesday pushed for a comprehensive COVID-19 relief package, saying he would accept a deal worth more than the $2.2 trillion floated by Pelosi despite opposition to large spending measures among his fellow Republicans in the U.S. Senate. United and American have both vowed to bring back employees if lawmakers extend relief.
|
5128.0
|
2020-10-20 00:00:00 UTC
|
Pelosi says she is 'optimistic' can reach COVID deal with White House
|
AAL
|
https://www.nasdaq.com/articles/pelosi-says-she-is-optimistic-can-reach-covid-deal-with-white-house-2020-10-20
|
nan
|
nan
|
WASHINGTON, Oct 20 (Reuters) - U.S. House Speaker Nancy Pelosi on Tuesday said she was optimistic Democrats could reach a deal with the Trump administration on additional COVID-19 relief that could get aid out by early next month.
Pelosi, in an interview with Bloomberg TV, said the administration had come a long way on health provisions regarding testing to tackle the outbreak, but that more work was needed to address state and local aid and liability protections, among other areas.
She added that there should be an indication of a possible agreement later on Tuesday.
(Reporting by Susan Heavey, Editing by Franklin Paul)
((sheavey@thomsonreuters.com; +1 202 843 6600;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
WASHINGTON, Oct 20 (Reuters) - U.S. House Speaker Nancy Pelosi on Tuesday said she was optimistic Democrats could reach a deal with the Trump administration on additional COVID-19 relief that could get aid out by early next month. Pelosi, in an interview with Bloomberg TV, said the administration had come a long way on health provisions regarding testing to tackle the outbreak, but that more work was needed to address state and local aid and liability protections, among other areas. (Reporting by Susan Heavey, Editing by Franklin Paul) ((sheavey@thomsonreuters.com; +1 202 843 6600;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
WASHINGTON, Oct 20 (Reuters) - U.S. House Speaker Nancy Pelosi on Tuesday said she was optimistic Democrats could reach a deal with the Trump administration on additional COVID-19 relief that could get aid out by early next month. Pelosi, in an interview with Bloomberg TV, said the administration had come a long way on health provisions regarding testing to tackle the outbreak, but that more work was needed to address state and local aid and liability protections, among other areas. (Reporting by Susan Heavey, Editing by Franklin Paul) ((sheavey@thomsonreuters.com; +1 202 843 6600;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
WASHINGTON, Oct 20 (Reuters) - U.S. House Speaker Nancy Pelosi on Tuesday said she was optimistic Democrats could reach a deal with the Trump administration on additional COVID-19 relief that could get aid out by early next month. Pelosi, in an interview with Bloomberg TV, said the administration had come a long way on health provisions regarding testing to tackle the outbreak, but that more work was needed to address state and local aid and liability protections, among other areas. (Reporting by Susan Heavey, Editing by Franklin Paul) ((sheavey@thomsonreuters.com; +1 202 843 6600;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
WASHINGTON, Oct 20 (Reuters) - U.S. House Speaker Nancy Pelosi on Tuesday said she was optimistic Democrats could reach a deal with the Trump administration on additional COVID-19 relief that could get aid out by early next month. Pelosi, in an interview with Bloomberg TV, said the administration had come a long way on health provisions regarding testing to tackle the outbreak, but that more work was needed to address state and local aid and liability protections, among other areas. She added that there should be an indication of a possible agreement later on Tuesday.
|
5129.0
|
2020-10-20 00:00:00 UTC
|
Pre-Market Most Active for Oct 20, 2020 : APTX, DKNG, HTZ, NIO, SQQQ, AAPL, QQQ, NOK, AMC, AAL, CCL, V
|
AAL
|
https://www.nasdaq.com/articles/pre-market-most-active-for-oct-20-2020-%3A-aptx-dkng-htz-nio-sqqq-aapl-qqq-nok-amc-aal-ccl-v
|
nan
|
nan
|
The NASDAQ 100 Pre-Market Indicator is up 49.92 to 11,684.27. The total Pre-Market volume is currently 43,811,478 shares traded.
The following are the most active stocks for the pre-market session:
Aptinyx Inc. (APTX) is +3.58 at $7.24, with 10,758,712 shares traded. As reported by Zacks, the current mean recommendation for APTX is in the "buy range".
DraftKings Inc. (DKNG) is -1.25 at $43.33, with 2,984,121 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021. The consensus EPS forecast is $-0.24. As reported by Zacks, the current mean recommendation for DKNG is in the "buy range".
Hertz Global Holdings, Inc (HTZ) is +0.17 at $2.34, with 2,967,188 shares traded. HTZ's current last sale is 117% of the target price of $2.
NIO Inc. (NIO) is -0.06 at $27.57, with 1,629,374 shares traded. NIO's current last sale is 126.76% of the target price of $21.75.
ProShares UltraPro Short QQQ (SQQQ) is -0.1898 at $21.66, with 1,171,450 shares traded. This represents a 14.3% increase from its 52 Week Low.
Apple Inc. (AAPL) is +0.55 at $116.53, with 1,135,923 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. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Invesco QQQ Trust, Series 1 (QQQ) is +0.8 at $284.60, with 1,023,170 shares traded. This represents a 72.56% increase from its 52 Week Low.
Nokia Corporation (NOK) is +0.08 at $4.26, with 768,518 shares traded.NOK is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is 0.06 per share, which represents a 6 percent increase over the EPS one Year Ago
AMC Entertainment Holdings, Inc. (AMC) is -0.33 at $3.21, with 562,536 shares traded. AMC's current last sale is 80.25% of the target price of $4.
American Airlines Group, Inc. (AAL) is +0.0701 at $12.63, with 522,041 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 $-5.62. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -5.62 per share, which represents a 142 percent increase over the EPS one Year Ago
Carnival Corporation (CCL) is +0.18 at $14.33, with 416,409 shares traded. CCL's current last sale is 92.45% of the target price of $15.5.
Visa Inc. (V) is +1.17 at $198.14, with 414,012 shares traded. As reported by Zacks, the current mean recommendation for V 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.
|
AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. American Airlines Group, Inc. (AAL) is +0.0701 at $12.63, with 522,041 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021.
|
American Airlines Group, Inc. (AAL) is +0.0701 at $12.63, with 522,041 shares traded. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. Nokia Corporation (NOK) is +0.08 at $4.26, with 768,518 shares traded.NOK is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020.
|
American Airlines Group, Inc. (AAL) is +0.0701 at $12.63, with 522,041 shares traded. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. Nokia Corporation (NOK) is +0.08 at $4.26, with 768,518 shares traded.NOK is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020.
|
American Airlines Group, Inc. (AAL) is +0.0701 at $12.63, with 522,041 shares traded. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021.
|
5130.0
|
2020-10-20 00:00:00 UTC
|
Earnings Preview: Is American Airlines Pulling Out of Its Tailspin?
|
AAL
|
https://www.nasdaq.com/articles/earnings-preview%3A-is-american-airlines-pulling-out-of-its-tailspin-2020-10-20
|
nan
|
nan
|
Last week, two of the three largest airlines in the world reported their third-quarter earnings results: Delta Air Lines (NYSE: DAL) and United Airlines (NASDAQ: UAL). Both companies reported hefty losses and average daily cash burn of approximately $25 million for the quarter. While these results were bad by any objective measure, they were far better than the carriers' second-quarter results, and roughly matched the forecasts Delta and United had laid out in July.
Later this week, it will be American Airlines' (NASDAQ: AAL) turn to report earnings. As the most indebted major airline, the stakes are especially high. Here are the two most important things for investors to focus on.
How does cash burn stack up?
Like its peers, American Airlines almost certainly slowed its cash burn last quarter relative to the second quarter. That said, American burned significantly more cash than either Delta or United in Q2, and there's good reason to suspect that this trend continued in Q3.
Image source: American Airlines.
First, American Airlines provided liquidity guidance three months ago that implied average daily cash burn of at least $35 million -- and perhaps as much as $40 million. That would be a good deal worse than its rivals.
Second, American made a risky bet on a rapid demand recovery over the summer, restoring capacity at a faster pace than its full-service airline peers. However, while passenger throughput at TSA checkpoints nearly doubled from 14% of 2019 levels at the beginning of June to 25% near the end of the month, volumes didn't break 30% of prior-year levels until late August. In short, American Airlines brought capacity back online too quickly. That may have reduced cash burn in June, but it probably hurt the carrier last quarter.
Investors should also look for any hints or guidance about cash burn for the upcoming quarter. For reference, Delta Air Lines expects cash burn to slow to just $10 million a day by the month of December.
American Airlines isn't in any near-term danger of running out of cash. It had $10.2 billion of liquidity at the end of June, borrowed $1.2 billion privately in September, and is eligible for up to $7.5 billion of secured loans from the federal government. That said, it had a heavy debt load even before the crisis began, and additional borrowing will make it harder for American to recover. The expiration of federal payroll support aid several weeks ago makes it even more vital for American Airlines to limit cash burn.
To what degree is demand recovering?
The other major question for American Airlines investors ahead of earnings relates to the demand environment. As noted above, following a period of rapid sequential improvement in June, the demand recovery stalled for much of the summer, largely due to rising COVID-19 cases.
On the bright side, demand has continued to improve at a steady pace in recent months. On Sunday, the TSA screened more than 1 million passengers for the first time since mid-March. Passenger throughput was still down 60% year over year, but that's not bad for an off-peak weekend, given that demand was down by 70% or more for most of the summer. The recent rise suggests that people are gradually growing more comfortable with air travel, which bodes well for Thanksgiving and Christmas.
On the other hand, COVID-19 case numbers are rising again across much of the U.S. So far, this hasn't seemed to impact air travel demand, but if the recent upward trend in case numbers continues, it could spoil the Thanksgiving and Christmas peak periods. A ruined holiday season would be extremely costly for airlines.
Demand trends can change on a dime, so investors should take any comments from management with a grain of salt. Nevertheless, any data on recent ticket sales trends would help investors gauge the likelihood of American Airlines significantly reducing its cash burn in the current quarter.
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 September 24, 2020
Adam Levine-Weinberg owns shares of Delta Air Lines. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Later this week, it will be American Airlines' (NASDAQ: AAL) turn to report earnings. Second, American made a risky bet on a rapid demand recovery over the summer, restoring capacity at a faster pace than its full-service airline peers. So far, this hasn't seemed to impact air travel demand, but if the recent upward trend in case numbers continues, it could spoil the Thanksgiving and Christmas peak periods.
|
Later this week, it will be American Airlines' (NASDAQ: AAL) turn to report earnings. Last week, two of the three largest airlines in the world reported their third-quarter earnings results: Delta Air Lines (NYSE: DAL) and United Airlines (NASDAQ: UAL). Like its peers, American Airlines almost certainly slowed its cash burn last quarter relative to the second quarter.
|
Later this week, it will be American Airlines' (NASDAQ: AAL) turn to report earnings. Like its peers, American Airlines almost certainly slowed its cash burn last quarter relative to the second quarter. First, American Airlines provided liquidity guidance three months ago that implied average daily cash burn of at least $35 million -- and perhaps as much as $40 million.
|
Later this week, it will be American Airlines' (NASDAQ: AAL) turn to report earnings. Like its peers, American Airlines almost certainly slowed its cash burn last quarter relative to the second quarter. That said, American burned significantly more cash than either Delta or United in Q2, and there's good reason to suspect that this trend continued in Q3.
|
5131.0
|
2020-10-19 00:00:00 UTC
|
Small mining companies knocked for falling behind on diversity
|
AAL
|
https://www.nasdaq.com/articles/small-mining-companies-knocked-for-falling-behind-on-diversity-2020-10-19
|
nan
|
nan
|
By Eric Onstad
LONDON, Oct 19 (Reuters) - Small mining firms are failing to increase their hiring of women while trading companies have made little progress in boosting Black representation, an industry conference heard on Monday.
Employment of women in the traditionally male mining sector has risen and averages between 5% and 15%, Carole Cable, the chair of Women in Mining UK, told a virtual London Metal Exchange seminar. She did not say how much the proportion has increased.
Female employment at big mining groups is higher than the average while small firms are lagging behind, said Cable, who is joint global head of energy and resources at advisory firm Brunswick.
"The leadership has to come from the top... the majors like Anglo are leading the charge on that, but the juniors are falling woefully behind."
Anglo American AAL.L Chief Executive Mark Cutifani told the seminar that in most cases laws had barred women from working at underground mines, but in South Africa women comprise half the workforce in some categories.
In 2016, the world's biggest miner BHP BHP.AX, BHPB.L set a target for women to make up half of its workforce by 2025. At the time, they accounted for 17.6% of workers and BHP said last October it had increased the percentage to 24.5%.
"I remember in the early days when women were not treated well. There was always some form of, I wouldn't call it harassment, but certainly inappropriate behaviour," Cutifani said. "It's still a mixed bag, there's still a long way to go."
There has been scant progress in increasing Black representation in financial services, said Pamela Jones, co-founder of Genesis Consultancy.
"I have been in financial services for 25 years. When I joined I was the only Black woman on the trading floor and when I left financial services at the end of last year there were two Black people on the trading floor," she told the seminar.
"It is quite upsetting, if I'm honest."
(Reporting by Eric Onstad; editing by Barbara Lewis)
((eric.onstad@thomsonreuters.com; +44 20 7542 7093; Twitter https://twitter.com/reutersEricO; Reuters Messaging: eric.onstad.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.
|
Anglo American AAL.L Chief Executive Mark Cutifani told the seminar that in most cases laws had barred women from working at underground mines, but in South Africa women comprise half the workforce in some categories. By Eric Onstad LONDON, Oct 19 (Reuters) - Small mining firms are failing to increase their hiring of women while trading companies have made little progress in boosting Black representation, an industry conference heard on Monday. In 2016, the world's biggest miner BHP BHP.AX, BHPB.L set a target for women to make up half of its workforce by 2025.
|
Anglo American AAL.L Chief Executive Mark Cutifani told the seminar that in most cases laws had barred women from working at underground mines, but in South Africa women comprise half the workforce in some categories. By Eric Onstad LONDON, Oct 19 (Reuters) - Small mining firms are failing to increase their hiring of women while trading companies have made little progress in boosting Black representation, an industry conference heard on Monday. Employment of women in the traditionally male mining sector has risen and averages between 5% and 15%, Carole Cable, the chair of Women in Mining UK, told a virtual London Metal Exchange seminar.
|
Anglo American AAL.L Chief Executive Mark Cutifani told the seminar that in most cases laws had barred women from working at underground mines, but in South Africa women comprise half the workforce in some categories. By Eric Onstad LONDON, Oct 19 (Reuters) - Small mining firms are failing to increase their hiring of women while trading companies have made little progress in boosting Black representation, an industry conference heard on Monday. Employment of women in the traditionally male mining sector has risen and averages between 5% and 15%, Carole Cable, the chair of Women in Mining UK, told a virtual London Metal Exchange seminar.
|
Anglo American AAL.L Chief Executive Mark Cutifani told the seminar that in most cases laws had barred women from working at underground mines, but in South Africa women comprise half the workforce in some categories. By Eric Onstad LONDON, Oct 19 (Reuters) - Small mining firms are failing to increase their hiring of women while trading companies have made little progress in boosting Black representation, an industry conference heard on Monday. Employment of women in the traditionally male mining sector has risen and averages between 5% and 15%, Carole Cable, the chair of Women in Mining UK, told a virtual London Metal Exchange seminar.
|
5132.0
|
2020-10-19 00:00:00 UTC
|
U.S. House Speaker Pelosi, Mnuchin narrow differences on aid bill, Pelosi spokesman says
|
AAL
|
https://www.nasdaq.com/articles/u.s.-house-speaker-pelosi-mnuchin-narrow-differences-on-aid-bill-pelosi-spokesman-says
|
nan
|
nan
|
WASHINGTON, Oct 19 (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin "continued to narrow their differences" in a 53-minute telephone conversation Monday about a fresh coronavirus aid package, Pelosi's spokesman, Drew Hammill, wrote on Twitter.
Pelosi hopes that by the end of Tuesday there will be "clarity" on whether a coronavirus stimulus bill can be passed before the Nov. 3 elections, Hammill wrote. He said Pelosi and Mnuchin will talk again on Tuesday, and staff work on the matter will continue "around the clock."
(Reporting by Susan Cornwell; Editing by Leslie Adler)
((susan.cornwell@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.
|
WASHINGTON, Oct 19 (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin "continued to narrow their differences" in a 53-minute telephone conversation Monday about a fresh coronavirus aid package, Pelosi's spokesman, Drew Hammill, wrote on Twitter. Pelosi hopes that by the end of Tuesday there will be "clarity" on whether a coronavirus stimulus bill can be passed before the Nov. 3 elections, Hammill wrote. He said Pelosi and Mnuchin will talk again on Tuesday, and staff work on the matter will continue "around the clock."
|
WASHINGTON, Oct 19 (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin "continued to narrow their differences" in a 53-minute telephone conversation Monday about a fresh coronavirus aid package, Pelosi's spokesman, Drew Hammill, wrote on Twitter. Pelosi hopes that by the end of Tuesday there will be "clarity" on whether a coronavirus stimulus bill can be passed before the Nov. 3 elections, Hammill wrote. He said Pelosi and Mnuchin will talk again on Tuesday, and staff work on the matter will continue "around the clock."
|
WASHINGTON, Oct 19 (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin "continued to narrow their differences" in a 53-minute telephone conversation Monday about a fresh coronavirus aid package, Pelosi's spokesman, Drew Hammill, wrote on Twitter. Pelosi hopes that by the end of Tuesday there will be "clarity" on whether a coronavirus stimulus bill can be passed before the Nov. 3 elections, Hammill wrote. (Reporting by Susan Cornwell; Editing by Leslie Adler) ((susan.cornwell@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.
|
WASHINGTON, Oct 19 (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin "continued to narrow their differences" in a 53-minute telephone conversation Monday about a fresh coronavirus aid package, Pelosi's spokesman, Drew Hammill, wrote on Twitter. Pelosi hopes that by the end of Tuesday there will be "clarity" on whether a coronavirus stimulus bill can be passed before the Nov. 3 elections, Hammill wrote. He said Pelosi and Mnuchin will talk again on Tuesday, and staff work on the matter will continue "around the clock."
|
5133.0
|
2020-10-19 00:00:00 UTC
|
American Airlines Hopes to Fly 737 MAX Before Year's End
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-hopes-to-fly-737-max-before-years-end-2020-10-19
|
nan
|
nan
|
American Airlines Group (NASDAQ: AAL) is hoping to return the Boeing (NYSE: BA) 737 MAX to service before year's end, the clearest sign yet that airlines are expecting the plane to be cleared for takeoff in the months to come.
The 737 MAX has been grounded since March 2019 after a pair of fatal accidents, but Boeing has been working with Federal Aviation Administration officials and international regulators to get the plane recertified.
Image source: American Airlines.
The process, after a series of missed internal Boeing deadlines, appears to be nearly complete, with a top European regulator indicating he believes the plane to be safe and FAA head Steve Dickson late last month telling reporters "we're in the homestretch" after performing a test flight.
Airlines have been pushing the 737 MAX's return with each new scheduled posted. But American now intends to put the 737 MAX on flights between Miami and New York's La Guardia Airport starting Dec. 29.
American cautioned that its plans regarding the 737 MAX "remain highly dependent on the FAA's recertification process." But the airline was one of the most affected by the grounding. It has 24 of the 737 MAX planes in its fleet and orders for 76 more.
The Miami/New York flight is the most firm plan we have for a 737 MAX return to service.
Among other U.S. 737 MAX operators, Southwest Airlines (NYSE: LUV) is unlikely to fly the plane for a few months after recertification, so not until at least early 2021, and United Airlines Holdings (NASDAQ: UAL) has not yet provided a timetable for a return to service.
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 September 24, 2020
Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool recommends Southwest Airlines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines Group (NASDAQ: AAL) is hoping to return the Boeing (NYSE: BA) 737 MAX to service before year's end, the clearest sign yet that airlines are expecting the plane to be cleared for takeoff in the months to come. The 737 MAX has been grounded since March 2019 after a pair of fatal accidents, but Boeing has been working with Federal Aviation Administration officials and international regulators to get the plane recertified. The process, after a series of missed internal Boeing deadlines, appears to be nearly complete, with a top European regulator indicating he believes the plane to be safe and FAA head Steve Dickson late last month telling reporters "we're in the homestretch" after performing a test flight.
|
American Airlines Group (NASDAQ: AAL) is hoping to return the Boeing (NYSE: BA) 737 MAX to service before year's end, the clearest sign yet that airlines are expecting the plane to be cleared for takeoff in the months to come. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of September 24, 2020 Lou Whiteman has no position in any of the stocks mentioned.
|
American Airlines Group (NASDAQ: AAL) is hoping to return the Boeing (NYSE: BA) 737 MAX to service before year's end, the clearest sign yet that airlines are expecting the plane to be cleared for takeoff in the months to come. Among other U.S. 737 MAX operators, Southwest Airlines (NYSE: LUV) is unlikely to fly the plane for a few months after recertification, so not until at least early 2021, and United Airlines Holdings (NASDAQ: UAL) has not yet provided a timetable for a return to service. 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.
|
American Airlines Group (NASDAQ: AAL) is hoping to return the Boeing (NYSE: BA) 737 MAX to service before year's end, the clearest sign yet that airlines are expecting the plane to be cleared for takeoff in the months to come. The 737 MAX has been grounded since March 2019 after a pair of fatal accidents, but Boeing has been working with Federal Aviation Administration officials and international regulators to get the plane recertified. The Miami/New York flight is the most firm plan we have for a 737 MAX return to service.
|
5134.0
|
2020-10-19 00:00:00 UTC
|
Why Shares of United Airlines Are Up Today
|
AAL
|
https://www.nasdaq.com/articles/why-shares-of-united-airlines-are-up-today-2020-10-19
|
nan
|
nan
|
What happened
United Airlines Holdings (NASDAQ: UAL) late last week delivered quarterly earnings loaded with near-term pain, with a sprinkle of long-term optimism thrown in. Investors initially focused on the near-term issues, sending shares down on Friday, but on Monday, United shares climbed 5% as the markets digested the airline's outlook.
So what
United lost more than $8 per share in the third quarter, bleeding through about $25 million per day as the coronavirus pandemic continues to take a toll on the industry. Airlines still have "12 to 15 months of pain, sacrifice, and difficulty ahead," CEO Scott Kirby said on a postearnings callwith investors.
The company and other airlines are laying off tens of thousands of workers, and United is worried that business travel will not recover to pre-pandemic levels until 2024.
Image source: United Airlines.
But for all that doom and gloom, United also used the third-quarter call to signal that it believes the worst is behind it. Kirby said "the light at the end of the tunnel is now visible," and United has begun the process of adding back flights designed to capture demand as it returns.
Kirby also said he believes United will return to cash positive before either Delta Air Lines (NYSE: DAL) or American Airlines Group (NASDAQ: AAL), implying the risk of a United bankruptcy is low.
Now what
I think Friday's sell-off was overdone. We knew the third quarter was going to be terrible for the industry, and it was. But United, in talking up its prospects of a recovery, has me more optimistic about the airline (and the stock) than I have been for years.
That said, investors should not ignore the part about another year or more of pain and sacrifice ahead. United's network arguably isn't set up well to take advantage if leisure travel returns before business and international, as assumed.
Even if Kirby is correct and United gets back to cash flow positive before its rivals, I still think Delta and Southwest Airlines (NYSE: LUV) are better investment choices for now. But United, it seems, is going to make it through the crisis, and that's reason enough for investors to celebrate on Monday.
10 stocks we like better than United Airlines Holdings
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 United Airlines Holdings 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 September 24, 2020
Lou Whiteman owns shares of Delta Air Lines. 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.
|
Kirby also said he believes United will return to cash positive before either Delta Air Lines (NYSE: DAL) or American Airlines Group (NASDAQ: AAL), implying the risk of a United bankruptcy is low. What happened United Airlines Holdings (NASDAQ: UAL) late last week delivered quarterly earnings loaded with near-term pain, with a sprinkle of long-term optimism thrown in. Kirby said "the light at the end of the tunnel is now visible," and United has begun the process of adding back flights designed to capture demand as it returns.
|
Kirby also said he believes United will return to cash positive before either Delta Air Lines (NYSE: DAL) or American Airlines Group (NASDAQ: AAL), implying the risk of a United bankruptcy is low. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and United Airlines Holdings wasn't one of them! The Motley Fool recommends Delta Air Lines and Southwest Airlines.
|
Kirby also said he believes United will return to cash positive before either Delta Air Lines (NYSE: DAL) or American Airlines Group (NASDAQ: AAL), implying the risk of a United bankruptcy is low. 10 stocks we like better than United Airlines Holdings When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and United Airlines Holdings wasn't one of them!
|
Kirby also said he believes United will return to cash positive before either Delta Air Lines (NYSE: DAL) or American Airlines Group (NASDAQ: AAL), implying the risk of a United bankruptcy is low. Investors initially focused on the near-term issues, sending shares down on Friday, but on Monday, United shares climbed 5% as the markets digested the airline's outlook. See the 10 stocks *Stock Advisor returns as of September 24, 2020 Lou Whiteman owns shares of Delta Air Lines.
|
5135.0
|
2020-10-19 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-L Brands, AMC, Front Yard Residential
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-l-brands-amc-front-yard-residential-2020-10-19
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 edged lower in choppy trading on Monday as losses in shares of communication services companies eclipsed optimism on a coronavirus relief deal before the Nov. 3 presidential election. .N
At 12:42 ET, the Dow Jones Industrial Average .DJI was down 0.31% at 28,517.06. The S&P 500 .SPX was down 0.48% at 3,467.08 and the Nasdaq Composite .IXIC was down 0.39% at 11,625.707. The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc , up 6.1% ** National Oilwell Varco, Inc , up 4% ** Alaska Air Group Inc , up 3.4% The top three S&P 500 .PL.INX percentage losers: ** VF Corp , down 3.3 % ** Vornado Realty Trust , down 2.9% ** Regeneron Pharmaceuticals Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** Front Yard Residential Corp , up 35.3% ** Renren Inc , up 30.8% ** AMC Entertainment Holdings Inc , up 20.2% The top three NYSE .PL.N percentage losers: ** American Equity Investment Life Holding Company , down 17.5% ** Arcus Biosciences Inc , down 8.5% ** Miniso Group Holding Ltd , down 7.5% The top three Nasdaq .PG.O percentage gainers: ** Kaixin Auto Holdings , up 313.1% ** Dragon Victory International Ltd , up 103.7% ** Code Chain New Continent Ltd , up 86.4% The top three Nasdaq .PL.O percentage losers: ** Abraxas Petroleum Corp , down 23.6% ** CHF Solutions Inc , down 16.8% ** Aerie Pharmaceuticals Inc , down 12.9% ** American Airlines AAL.O: up 2.4%
BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Centogene CNTG.O: up 16.9%
BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 1.5%
BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 2.4%
BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Fluidigm FLDM.O: up 9.5%
BUZZ-Fluidigm leaps after Trump administration provides COVID-19 test in Texas ** Beyond Air Inc XAIR.O: up 1.4%
BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** Cisco CSCO.O: down 1.2%
BUZZ-Cisco: Credit Suisse cuts PT ahead of Q1 results ** AMC AMC.N: up 20.2%
BUZZ-AMC shares rise as New York state prepares to reopen theaters ** Front Yard Residential RESI.N: up 35.3%
BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal ** JinkoSolar JKS.N: up 8.6%
BUZZ-JinkoSolar: Up on supply deal for Kozani project ** BioSpecifics BSTC.O: up 44.4%
BUZZ-BioSpecifics: Hits record high on takeover deal from Endo ** Kamada KMDA.O: up 7.0%
BUZZ-Kamada: Rises on supply deal with Israel for experimental COVID-19 treatment ** ARC Document Solutions ARC.N: up 16.5%
BUZZ-ARC Document Solutions: Up on stronger Q3 result expectations ** Aerie Pharma AERI.O: down 12.9%
BUZZ-Aerie Pharma: BOFA says post COVID-19 pathway looks challenging, downgrades ** Albertsons ACI.N: up 1.1%
BUZZ-Albertsons: Rises on piloting grocery pickup lockers in select locations ** Warner Music WMG.O: up 1.7%
BUZZ-Warner Music rises on upbeat FY20 revenue forecast ** Microchip Technology MCHP.O: up 1.5%
BUZZ-Microchip Technology: MS sees upside in second half, upgrades ** Tivity Health Inc TVTY.O: up 3.0%
BUZZ-Tivity Health Inc: Rises after divesting nutrition business ** OraSure Tech OSUR.O: up 13.9%
BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** HNI Corp HNI.N: up 1.3%
BUZZ-HNI Corp: Set to open near eight-month high after results beat ** Bentley Systems BSY.O: down 6.6%
BUZZ-Bentley Systems: IPO banks' initiations skew 'neutral' after research quiet period ends ** MEDNAX Inc MD.N: down 6.2%
BUZZ-MEDNAX Inc: At 5-month low after Deutsche Bank downgrade ** BOQI International Medical Inc BIMI.N: up 55.8%
BUZZ-BOQI International Medical surges as Guanzan acquisition powers Q2 revenue jump ** Laird Superfood LSF.N: up 6.0%
BUZZ-Laird Superfood: Rises as brokerages bullish on new products, subscription sales ** Ocean Bio OBCI.O: up 12.4%
BUZZ-Ocean Bio-Chem gains as Q3 net sales jump 53%
** Old National Bancorp ONB.O: up 3.9%
BUZZ-Old National Bancorp: Gains as Q3 profit beats on strong loan growth
** South Mountain Merger Corp SMMC.O: up 12.6%
BUZZ-South Mountain Merger Corp hits record high on merger with Billtrust ** Trinseo TSE.N: up 11.2%
BUZZ-Trinseo: Jumps on strong Q3 outlook, demand recovery ** Halliburton HAL.N: up 2.9%
BUZZ-Street View: Halliburton's result positive, but not out of the woods ** VF Corp VFC.N: down 3.3%
BUZZ-VF Corp: Drops as BofA downgrades on Vans slowdown
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.88%
Consumer Discretionary
.SPLRCD
down 0.31%
Consumer Staples
.SPLRCS
down 0.31%
Energy
.SPNY
down 0.04%
Financial
.SPSY
down 0.46%
Health
.SPXHC
down 0.48%
Industrial
.SPLRCI
down 0.07%
Information Technology
.SPLRCT
down 0.29%
Materials
.SPLRCM
flat
Real Estate
.SPLRCR
down 0.38%
Utilities
.SPLRCU
down 0.31%
(Compiled by Tiyashi Datta)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc , up 6.1% ** National Oilwell Varco, Inc , up 4% ** Alaska Air Group Inc , up 3.4% The top three S&P 500 .PL.INX percentage losers: ** VF Corp , down 3.3 % ** Vornado Realty Trust , down 2.9% ** Regeneron Pharmaceuticals Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** Front Yard Residential Corp , up 35.3% ** Renren Inc , up 30.8% ** AMC Entertainment Holdings Inc , up 20.2% The top three NYSE .PL.N percentage losers: ** American Equity Investment Life Holding Company , down 17.5% ** Arcus Biosciences Inc , down 8.5% ** Miniso Group Holding Ltd , down 7.5% The top three Nasdaq .PG.O percentage gainers: ** Kaixin Auto Holdings , up 313.1% ** Dragon Victory International Ltd , up 103.7% ** Code Chain New Continent Ltd , up 86.4% The top three Nasdaq .PL.O percentage losers: ** Abraxas Petroleum Corp , down 23.6% ** CHF Solutions Inc , down 16.8% ** Aerie Pharmaceuticals Inc , down 12.9% ** American Airlines AAL.O: up 2.4% BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Centogene CNTG.O: up 16.9% BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 1.5% BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 2.4% BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Fluidigm FLDM.O: up 9.5% BUZZ-Fluidigm leaps after Trump administration provides COVID-19 test in Texas ** Beyond Air Inc XAIR.O: up 1.4% BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** Cisco CSCO.O: down 1.2% BUZZ-Cisco: Credit Suisse cuts PT ahead of Q1 results ** AMC AMC.N: up 20.2% BUZZ-AMC shares rise as New York state prepares to reopen theaters ** Front Yard Residential RESI.N: up 35.3% BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal ** JinkoSolar JKS.N: up 8.6% BUZZ-JinkoSolar: Up on supply deal for Kozani project ** BioSpecifics BSTC.O: up 44.4% BUZZ-BioSpecifics: Hits record high on takeover deal from Endo ** Kamada KMDA.O: up 7.0% BUZZ-Kamada: Rises on supply deal with Israel for experimental COVID-19 treatment ** ARC Document Solutions ARC.N: up 16.5% BUZZ-ARC Document Solutions: Up on stronger Q3 result expectations ** Aerie Pharma AERI.O: down 12.9% BUZZ-Aerie Pharma: BOFA says post COVID-19 pathway looks challenging, downgrades ** Albertsons ACI.N: up 1.1% BUZZ-Albertsons: Rises on piloting grocery pickup lockers in select locations ** Warner Music WMG.O: up 1.7% BUZZ-Warner Music rises on upbeat FY20 revenue forecast ** Microchip Technology MCHP.O: up 1.5% BUZZ-Microchip Technology: MS sees upside in second half, upgrades ** Tivity Health Inc TVTY.O: up 3.0% BUZZ-Tivity Health Inc: Rises after divesting nutrition business ** OraSure Tech OSUR.O: up 13.9% BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** HNI Corp HNI.N: up 1.3% BUZZ-HNI Corp: Set to open near eight-month high after results beat ** Bentley Systems BSY.O: down 6.6% BUZZ-Bentley Systems: IPO banks' initiations skew 'neutral' after research quiet period ends ** MEDNAX Inc MD.N: down 6.2% BUZZ-MEDNAX Inc: At 5-month low after Deutsche Bank downgrade ** BOQI International Medical Inc BIMI.N: up 55.8% BUZZ-BOQI International Medical surges as Guanzan acquisition powers Q2 revenue jump ** Laird Superfood LSF.N: up 6.0% BUZZ-Laird Superfood: Rises as brokerages bullish on new products, subscription sales ** Ocean Bio OBCI.O: up 12.4% BUZZ-Ocean Bio-Chem gains as Q3 net sales jump 53% ** Old National Bancorp ONB.O: up 3.9% BUZZ-Old National Bancorp: Gains as Q3 profit beats on strong loan growth ** South Mountain Merger Corp SMMC.O: up 12.6% BUZZ-South Mountain Merger Corp hits record high on merger with Billtrust ** Trinseo TSE.N: up 11.2% BUZZ-Trinseo: Jumps on strong Q3 outlook, demand recovery ** Halliburton HAL.N: up 2.9% BUZZ-Street View: Halliburton's result positive, but not out of the woods ** VF Corp VFC.N: down 3.3% BUZZ-VF Corp: Drops as BofA downgrades on Vans slowdown 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 edged lower in choppy trading on Monday as losses in shares of communication services companies eclipsed optimism on a coronavirus relief deal before the Nov. 3 presidential election. down 0.31% (Compiled by Tiyashi Datta) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc , up 6.1% ** National Oilwell Varco, Inc , up 4% ** Alaska Air Group Inc , up 3.4% The top three S&P 500 .PL.INX percentage losers: ** VF Corp , down 3.3 % ** Vornado Realty Trust , down 2.9% ** Regeneron Pharmaceuticals Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** Front Yard Residential Corp , up 35.3% ** Renren Inc , up 30.8% ** AMC Entertainment Holdings Inc , up 20.2% The top three NYSE .PL.N percentage losers: ** American Equity Investment Life Holding Company , down 17.5% ** Arcus Biosciences Inc , down 8.5% ** Miniso Group Holding Ltd , down 7.5% The top three Nasdaq .PG.O percentage gainers: ** Kaixin Auto Holdings , up 313.1% ** Dragon Victory International Ltd , up 103.7% ** Code Chain New Continent Ltd , up 86.4% The top three Nasdaq .PL.O percentage losers: ** Abraxas Petroleum Corp , down 23.6% ** CHF Solutions Inc , down 16.8% ** Aerie Pharmaceuticals Inc , down 12.9% ** American Airlines AAL.O: up 2.4% BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Centogene CNTG.O: up 16.9% BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 1.5% BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 2.4% BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Fluidigm FLDM.O: up 9.5% BUZZ-Fluidigm leaps after Trump administration provides COVID-19 test in Texas ** Beyond Air Inc XAIR.O: up 1.4% BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** Cisco CSCO.O: down 1.2% BUZZ-Cisco: Credit Suisse cuts PT ahead of Q1 results ** AMC AMC.N: up 20.2% BUZZ-AMC shares rise as New York state prepares to reopen theaters ** Front Yard Residential RESI.N: up 35.3% BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal ** JinkoSolar JKS.N: up 8.6% BUZZ-JinkoSolar: Up on supply deal for Kozani project ** BioSpecifics BSTC.O: up 44.4% BUZZ-BioSpecifics: Hits record high on takeover deal from Endo ** Kamada KMDA.O: up 7.0% BUZZ-Kamada: Rises on supply deal with Israel for experimental COVID-19 treatment ** ARC Document Solutions ARC.N: up 16.5% BUZZ-ARC Document Solutions: Up on stronger Q3 result expectations ** Aerie Pharma AERI.O: down 12.9% BUZZ-Aerie Pharma: BOFA says post COVID-19 pathway looks challenging, downgrades ** Albertsons ACI.N: up 1.1% BUZZ-Albertsons: Rises on piloting grocery pickup lockers in select locations ** Warner Music WMG.O: up 1.7% BUZZ-Warner Music rises on upbeat FY20 revenue forecast ** Microchip Technology MCHP.O: up 1.5% BUZZ-Microchip Technology: MS sees upside in second half, upgrades ** Tivity Health Inc TVTY.O: up 3.0% BUZZ-Tivity Health Inc: Rises after divesting nutrition business ** OraSure Tech OSUR.O: up 13.9% BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** HNI Corp HNI.N: up 1.3% BUZZ-HNI Corp: Set to open near eight-month high after results beat ** Bentley Systems BSY.O: down 6.6% BUZZ-Bentley Systems: IPO banks' initiations skew 'neutral' after research quiet period ends ** MEDNAX Inc MD.N: down 6.2% BUZZ-MEDNAX Inc: At 5-month low after Deutsche Bank downgrade ** BOQI International Medical Inc BIMI.N: up 55.8% BUZZ-BOQI International Medical surges as Guanzan acquisition powers Q2 revenue jump ** Laird Superfood LSF.N: up 6.0% BUZZ-Laird Superfood: Rises as brokerages bullish on new products, subscription sales ** Ocean Bio OBCI.O: up 12.4% BUZZ-Ocean Bio-Chem gains as Q3 net sales jump 53% ** Old National Bancorp ONB.O: up 3.9% BUZZ-Old National Bancorp: Gains as Q3 profit beats on strong loan growth ** South Mountain Merger Corp SMMC.O: up 12.6% BUZZ-South Mountain Merger Corp hits record high on merger with Billtrust ** Trinseo TSE.N: up 11.2% BUZZ-Trinseo: Jumps on strong Q3 outlook, demand recovery ** Halliburton HAL.N: up 2.9% BUZZ-Street View: Halliburton's result positive, but not out of the woods ** VF Corp VFC.N: down 3.3% BUZZ-VF Corp: Drops as BofA downgrades on Vans slowdown 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 edged lower in choppy trading on Monday as losses in shares of communication services companies eclipsed optimism on a coronavirus relief deal before the Nov. 3 presidential election. down 0.31% (Compiled by Tiyashi Datta) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc , up 6.1% ** National Oilwell Varco, Inc , up 4% ** Alaska Air Group Inc , up 3.4% The top three S&P 500 .PL.INX percentage losers: ** VF Corp , down 3.3 % ** Vornado Realty Trust , down 2.9% ** Regeneron Pharmaceuticals Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** Front Yard Residential Corp , up 35.3% ** Renren Inc , up 30.8% ** AMC Entertainment Holdings Inc , up 20.2% The top three NYSE .PL.N percentage losers: ** American Equity Investment Life Holding Company , down 17.5% ** Arcus Biosciences Inc , down 8.5% ** Miniso Group Holding Ltd , down 7.5% The top three Nasdaq .PG.O percentage gainers: ** Kaixin Auto Holdings , up 313.1% ** Dragon Victory International Ltd , up 103.7% ** Code Chain New Continent Ltd , up 86.4% The top three Nasdaq .PL.O percentage losers: ** Abraxas Petroleum Corp , down 23.6% ** CHF Solutions Inc , down 16.8% ** Aerie Pharmaceuticals Inc , down 12.9% ** American Airlines AAL.O: up 2.4% BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Centogene CNTG.O: up 16.9% BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 1.5% BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 2.4% BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Fluidigm FLDM.O: up 9.5% BUZZ-Fluidigm leaps after Trump administration provides COVID-19 test in Texas ** Beyond Air Inc XAIR.O: up 1.4% BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** Cisco CSCO.O: down 1.2% BUZZ-Cisco: Credit Suisse cuts PT ahead of Q1 results ** AMC AMC.N: up 20.2% BUZZ-AMC shares rise as New York state prepares to reopen theaters ** Front Yard Residential RESI.N: up 35.3% BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal ** JinkoSolar JKS.N: up 8.6% BUZZ-JinkoSolar: Up on supply deal for Kozani project ** BioSpecifics BSTC.O: up 44.4% BUZZ-BioSpecifics: Hits record high on takeover deal from Endo ** Kamada KMDA.O: up 7.0% BUZZ-Kamada: Rises on supply deal with Israel for experimental COVID-19 treatment ** ARC Document Solutions ARC.N: up 16.5% BUZZ-ARC Document Solutions: Up on stronger Q3 result expectations ** Aerie Pharma AERI.O: down 12.9% BUZZ-Aerie Pharma: BOFA says post COVID-19 pathway looks challenging, downgrades ** Albertsons ACI.N: up 1.1% BUZZ-Albertsons: Rises on piloting grocery pickup lockers in select locations ** Warner Music WMG.O: up 1.7% BUZZ-Warner Music rises on upbeat FY20 revenue forecast ** Microchip Technology MCHP.O: up 1.5% BUZZ-Microchip Technology: MS sees upside in second half, upgrades ** Tivity Health Inc TVTY.O: up 3.0% BUZZ-Tivity Health Inc: Rises after divesting nutrition business ** OraSure Tech OSUR.O: up 13.9% BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** HNI Corp HNI.N: up 1.3% BUZZ-HNI Corp: Set to open near eight-month high after results beat ** Bentley Systems BSY.O: down 6.6% BUZZ-Bentley Systems: IPO banks' initiations skew 'neutral' after research quiet period ends ** MEDNAX Inc MD.N: down 6.2% BUZZ-MEDNAX Inc: At 5-month low after Deutsche Bank downgrade ** BOQI International Medical Inc BIMI.N: up 55.8% BUZZ-BOQI International Medical surges as Guanzan acquisition powers Q2 revenue jump ** Laird Superfood LSF.N: up 6.0% BUZZ-Laird Superfood: Rises as brokerages bullish on new products, subscription sales ** Ocean Bio OBCI.O: up 12.4% BUZZ-Ocean Bio-Chem gains as Q3 net sales jump 53% ** Old National Bancorp ONB.O: up 3.9% BUZZ-Old National Bancorp: Gains as Q3 profit beats on strong loan growth ** South Mountain Merger Corp SMMC.O: up 12.6% BUZZ-South Mountain Merger Corp hits record high on merger with Billtrust ** Trinseo TSE.N: up 11.2% BUZZ-Trinseo: Jumps on strong Q3 outlook, demand recovery ** Halliburton HAL.N: up 2.9% BUZZ-Street View: Halliburton's result positive, but not out of the woods ** VF Corp VFC.N: down 3.3% BUZZ-VF Corp: Drops as BofA downgrades on Vans slowdown The 11 major S&P 500 sectors: Communication Services .N At 12:42 ET, the Dow Jones Industrial Average .DJI was down 0.31% at 28,517.06. down 0.88% Consumer Discretionary
|
The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc , up 6.1% ** National Oilwell Varco, Inc , up 4% ** Alaska Air Group Inc , up 3.4% The top three S&P 500 .PL.INX percentage losers: ** VF Corp , down 3.3 % ** Vornado Realty Trust , down 2.9% ** Regeneron Pharmaceuticals Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** Front Yard Residential Corp , up 35.3% ** Renren Inc , up 30.8% ** AMC Entertainment Holdings Inc , up 20.2% The top three NYSE .PL.N percentage losers: ** American Equity Investment Life Holding Company , down 17.5% ** Arcus Biosciences Inc , down 8.5% ** Miniso Group Holding Ltd , down 7.5% The top three Nasdaq .PG.O percentage gainers: ** Kaixin Auto Holdings , up 313.1% ** Dragon Victory International Ltd , up 103.7% ** Code Chain New Continent Ltd , up 86.4% The top three Nasdaq .PL.O percentage losers: ** Abraxas Petroleum Corp , down 23.6% ** CHF Solutions Inc , down 16.8% ** Aerie Pharmaceuticals Inc , down 12.9% ** American Airlines AAL.O: up 2.4% BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Centogene CNTG.O: up 16.9% BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 1.5% BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 2.4% BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Fluidigm FLDM.O: up 9.5% BUZZ-Fluidigm leaps after Trump administration provides COVID-19 test in Texas ** Beyond Air Inc XAIR.O: up 1.4% BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** Cisco CSCO.O: down 1.2% BUZZ-Cisco: Credit Suisse cuts PT ahead of Q1 results ** AMC AMC.N: up 20.2% BUZZ-AMC shares rise as New York state prepares to reopen theaters ** Front Yard Residential RESI.N: up 35.3% BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal ** JinkoSolar JKS.N: up 8.6% BUZZ-JinkoSolar: Up on supply deal for Kozani project ** BioSpecifics BSTC.O: up 44.4% BUZZ-BioSpecifics: Hits record high on takeover deal from Endo ** Kamada KMDA.O: up 7.0% BUZZ-Kamada: Rises on supply deal with Israel for experimental COVID-19 treatment ** ARC Document Solutions ARC.N: up 16.5% BUZZ-ARC Document Solutions: Up on stronger Q3 result expectations ** Aerie Pharma AERI.O: down 12.9% BUZZ-Aerie Pharma: BOFA says post COVID-19 pathway looks challenging, downgrades ** Albertsons ACI.N: up 1.1% BUZZ-Albertsons: Rises on piloting grocery pickup lockers in select locations ** Warner Music WMG.O: up 1.7% BUZZ-Warner Music rises on upbeat FY20 revenue forecast ** Microchip Technology MCHP.O: up 1.5% BUZZ-Microchip Technology: MS sees upside in second half, upgrades ** Tivity Health Inc TVTY.O: up 3.0% BUZZ-Tivity Health Inc: Rises after divesting nutrition business ** OraSure Tech OSUR.O: up 13.9% BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** HNI Corp HNI.N: up 1.3% BUZZ-HNI Corp: Set to open near eight-month high after results beat ** Bentley Systems BSY.O: down 6.6% BUZZ-Bentley Systems: IPO banks' initiations skew 'neutral' after research quiet period ends ** MEDNAX Inc MD.N: down 6.2% BUZZ-MEDNAX Inc: At 5-month low after Deutsche Bank downgrade ** BOQI International Medical Inc BIMI.N: up 55.8% BUZZ-BOQI International Medical surges as Guanzan acquisition powers Q2 revenue jump ** Laird Superfood LSF.N: up 6.0% BUZZ-Laird Superfood: Rises as brokerages bullish on new products, subscription sales ** Ocean Bio OBCI.O: up 12.4% BUZZ-Ocean Bio-Chem gains as Q3 net sales jump 53% ** Old National Bancorp ONB.O: up 3.9% BUZZ-Old National Bancorp: Gains as Q3 profit beats on strong loan growth ** South Mountain Merger Corp SMMC.O: up 12.6% BUZZ-South Mountain Merger Corp hits record high on merger with Billtrust ** Trinseo TSE.N: up 11.2% BUZZ-Trinseo: Jumps on strong Q3 outlook, demand recovery ** Halliburton HAL.N: up 2.9% BUZZ-Street View: Halliburton's result positive, but not out of the woods ** VF Corp VFC.N: down 3.3% BUZZ-VF Corp: Drops as BofA downgrades on Vans slowdown 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 edged lower in choppy trading on Monday as losses in shares of communication services companies eclipsed optimism on a coronavirus relief deal before the Nov. 3 presidential election. .N At 12:42 ET, the Dow Jones Industrial Average .DJI was down 0.31% at 28,517.06.
|
5136.0
|
2020-10-19 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-American Airlines, Schlumberger, AMC, BioSpecifics
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-american-airlines-schlumberger-amc-biospecifics-2020-10-19
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes inched higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon .N
At 11:38 ET, the Dow Jones Industrial Average .DJI was down 0.20% at 28,549.72. The S&P 500 .SPX was down 0.37% at 3,470.99 and the Nasdaq Composite .IXIC was down 0.02% at 11,669.214. The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc , up 5.4 % ** National Oilwell Varco, Inc , up 4 % ** L Brands Inc , up 3.8 % The top three S&P 500 .PL.INX percentage losers: ** EOG Resources Inc , down 3.2 % ** Vornado Realty Trust , down 3.2 % ** Diamondback Energy Inc , down 2.6 % The top three NYSE .PG.N percentage gainers: ** Front Yard Residential Corp , up 35.2 % ** Natuzzi Spa , up 28.3 % ** Renren Inc , up 27.7 % The top three NYSE .PL.N percentage losers: ** American Equity Investment Life Holding Company , down 19.1 % ** iHuman Inc , down 9.6 % ** Ntn Buzztime , down 7.4 % The top three Nasdaq .PG.O percentage gainers: ** Kaixin Auto Holdings , up 416.4 % ** Code Chain New Continent Ltd, up 94.1 % ** Boqi International Medical Inc , up 79.8 % The top three Nasdaq .PL.O percentage losers: ** CHF Solutions Inc , down 17.6 % ** Flux Power Holdings Inc , down 15.5 % ** Aerie Pharmaceuticals Inc , down 13.7 % ** American Airlines AAL.O: up 2.0%
BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Centogene CNTG.O: up 17.2%
BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 2.0%
BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 3.8%
BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Fluidigm FLDM.O: up 7.1%
BUZZ-Fluidigm leaps after Trump administration provides COVID-19 test in Texas ** Beyond Air Inc XAIR.O: up 2.2%
BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** Cisco CSCO.O: down 1.1%
BUZZ-Cisco: Credit Suisse cuts PT ahead of Q1 results ** AMC AMC.N: up 18.8%
BUZZ-AMC shares rise as New York state prepares to reopen theaters ** Front Yard Residential RESI.N: up 35.2%
BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal ** JinkoSolar JKS.N: up 7.7%
BUZZ-JinkoSolar: Up on supply deal for Kozani project ** BioSpecifics BSTC.O: up 44.5%
BUZZ-BioSpecifics: Hits record high on takeover deal from Endo ** Kamada KMDA.O: up 9.1%
BUZZ-Kamada: Rises on supply deal with Israel for experimental COVID-19 treatment ** ARC Document Solutions ARC.N: up 11.7%
BUZZ-ARC Document Solutions: Up on stronger Q3 result expectations ** Aerie Pharma AERI.O: down 13.7%
BUZZ-Aerie Pharma: BOFA says post COVID-19 pathway looks challenging, downgrades ** Albertsons ACI.N: up 0.8%
BUZZ-Albertsons: Rises on piloting grocery pickup lockers in select locations ** Warner Music WMG.O: up 2.3%
BUZZ-Warner Music rises on upbeat FY20 revenue forecast ** Microchip Technology MCHP.O: up 2.1%
BUZZ-Microchip Technology: MS sees upside in second half, upgrades ** Tivity Health Inc TVTY.O: up 4.1%
BUZZ-Tivity Health Inc: Rises after divesting nutrition business ** OraSure Tech OSUR.O: up 13.3%
BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** HNI Corp HNI.N: up 1.5%
BUZZ-HNI Corp: Set to open near eight-month high after results beat ** Bentley Systems BSY.O: down 6.8%
BUZZ-Bentley Systems: IPO banks' initiations skew 'neutral' after research quiet period ends ** MEDNAX Inc MD.N: down 6.5%
BUZZ-MEDNAX Inc: At 5-month low after Deutsche Bank downgrade ** BOQI International Medical Inc BIMI.N: up 74.9%
BUZZ-BOQI International Medical surges as Guanzan acquisition powers Q2 revenue jump ** Laird Superfood LSF.N: up 6.0%
BUZZ-Laird Superfood: Rises as brokerages bullish on new products, subscription sales ** Ocean Bio OBCI.O: up 10.2%
BUZZ-Ocean Bio-Chem gains as Q3 net sales jump 53% ** Lazyday Holdings LAZY.O: up 1.1%
BUZZ-Lazyday Holdings: Rises after Craig-Hallum raises PT
** Old National Bancorp ONB.O: up 4.5%
BUZZ-Old National Bancorp: Gains as Q3 profit beats on strong loan growth
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.69%
Consumer Discretionary
.SPLRCD
down 0.07%
Consumer Staples
.SPLRCS
down 0.31%
Energy
.SPNY
down 0.15%
Financial
.SPSY
down 0.40%
Health
.SPXHC
down 0.36%
Industrial
.SPLRCI
down 0.04%
Information Technology
.SPLRCT
down 0.06%
Materials
.SPLRCM
down 0.04%
Real Estate
.SPLRCR
down 0.31%
Utilities
.SPLRCU
down 0.20%
(Compiled by Tiyashi Datta)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc , up 5.4 % ** National Oilwell Varco, Inc , up 4 % ** L Brands Inc , up 3.8 % The top three S&P 500 .PL.INX percentage losers: ** EOG Resources Inc , down 3.2 % ** Vornado Realty Trust , down 3.2 % ** Diamondback Energy Inc , down 2.6 % The top three NYSE .PG.N percentage gainers: ** Front Yard Residential Corp , up 35.2 % ** Natuzzi Spa , up 28.3 % ** Renren Inc , up 27.7 % The top three NYSE .PL.N percentage losers: ** American Equity Investment Life Holding Company , down 19.1 % ** iHuman Inc , down 9.6 % ** Ntn Buzztime , down 7.4 % The top three Nasdaq .PG.O percentage gainers: ** Kaixin Auto Holdings , up 416.4 % ** Code Chain New Continent Ltd, up 94.1 % ** Boqi International Medical Inc , up 79.8 % The top three Nasdaq .PL.O percentage losers: ** CHF Solutions Inc , down 17.6 % ** Flux Power Holdings Inc , down 15.5 % ** Aerie Pharmaceuticals Inc , down 13.7 % ** American Airlines AAL.O: up 2.0% BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Centogene CNTG.O: up 17.2% BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 2.0% BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 3.8% BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Fluidigm FLDM.O: up 7.1% BUZZ-Fluidigm leaps after Trump administration provides COVID-19 test in Texas ** Beyond Air Inc XAIR.O: up 2.2% BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** Cisco CSCO.O: down 1.1% BUZZ-Cisco: Credit Suisse cuts PT ahead of Q1 results ** AMC AMC.N: up 18.8% BUZZ-AMC shares rise as New York state prepares to reopen theaters ** Front Yard Residential RESI.N: up 35.2% BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal ** JinkoSolar JKS.N: up 7.7% BUZZ-JinkoSolar: Up on supply deal for Kozani project ** BioSpecifics BSTC.O: up 44.5% BUZZ-BioSpecifics: Hits record high on takeover deal from Endo ** Kamada KMDA.O: up 9.1% BUZZ-Kamada: Rises on supply deal with Israel for experimental COVID-19 treatment ** ARC Document Solutions ARC.N: up 11.7% BUZZ-ARC Document Solutions: Up on stronger Q3 result expectations ** Aerie Pharma AERI.O: down 13.7% BUZZ-Aerie Pharma: BOFA says post COVID-19 pathway looks challenging, downgrades ** Albertsons ACI.N: up 0.8% BUZZ-Albertsons: Rises on piloting grocery pickup lockers in select locations ** Warner Music WMG.O: up 2.3% BUZZ-Warner Music rises on upbeat FY20 revenue forecast ** Microchip Technology MCHP.O: up 2.1% BUZZ-Microchip Technology: MS sees upside in second half, upgrades ** Tivity Health Inc TVTY.O: up 4.1% BUZZ-Tivity Health Inc: Rises after divesting nutrition business ** OraSure Tech OSUR.O: up 13.3% BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** HNI Corp HNI.N: up 1.5% BUZZ-HNI Corp: Set to open near eight-month high after results beat ** Bentley Systems BSY.O: down 6.8% BUZZ-Bentley Systems: IPO banks' initiations skew 'neutral' after research quiet period ends ** MEDNAX Inc MD.N: down 6.5% BUZZ-MEDNAX Inc: At 5-month low after Deutsche Bank downgrade ** BOQI International Medical Inc BIMI.N: up 74.9% BUZZ-BOQI International Medical surges as Guanzan acquisition powers Q2 revenue jump ** Laird Superfood LSF.N: up 6.0% BUZZ-Laird Superfood: Rises as brokerages bullish on new products, subscription sales ** Ocean Bio OBCI.O: up 10.2% BUZZ-Ocean Bio-Chem gains as Q3 net sales jump 53% ** Lazyday Holdings LAZY.O: up 1.1% BUZZ-Lazyday Holdings: Rises after Craig-Hallum raises PT ** Old National Bancorp ONB.O: up 4.5% BUZZ-Old National Bancorp: Gains as Q3 profit beats on strong loan growth 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 inched higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon .N At 11:38 ET, the Dow Jones Industrial Average .DJI was down 0.20% at 28,549.72. down 0.20% (Compiled by Tiyashi Datta) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc , up 5.4 % ** National Oilwell Varco, Inc , up 4 % ** L Brands Inc , up 3.8 % The top three S&P 500 .PL.INX percentage losers: ** EOG Resources Inc , down 3.2 % ** Vornado Realty Trust , down 3.2 % ** Diamondback Energy Inc , down 2.6 % The top three NYSE .PG.N percentage gainers: ** Front Yard Residential Corp , up 35.2 % ** Natuzzi Spa , up 28.3 % ** Renren Inc , up 27.7 % The top three NYSE .PL.N percentage losers: ** American Equity Investment Life Holding Company , down 19.1 % ** iHuman Inc , down 9.6 % ** Ntn Buzztime , down 7.4 % The top three Nasdaq .PG.O percentage gainers: ** Kaixin Auto Holdings , up 416.4 % ** Code Chain New Continent Ltd, up 94.1 % ** Boqi International Medical Inc , up 79.8 % The top three Nasdaq .PL.O percentage losers: ** CHF Solutions Inc , down 17.6 % ** Flux Power Holdings Inc , down 15.5 % ** Aerie Pharmaceuticals Inc , down 13.7 % ** American Airlines AAL.O: up 2.0% BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Centogene CNTG.O: up 17.2% BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 2.0% BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 3.8% BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Fluidigm FLDM.O: up 7.1% BUZZ-Fluidigm leaps after Trump administration provides COVID-19 test in Texas ** Beyond Air Inc XAIR.O: up 2.2% BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** Cisco CSCO.O: down 1.1% BUZZ-Cisco: Credit Suisse cuts PT ahead of Q1 results ** AMC AMC.N: up 18.8% BUZZ-AMC shares rise as New York state prepares to reopen theaters ** Front Yard Residential RESI.N: up 35.2% BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal ** JinkoSolar JKS.N: up 7.7% BUZZ-JinkoSolar: Up on supply deal for Kozani project ** BioSpecifics BSTC.O: up 44.5% BUZZ-BioSpecifics: Hits record high on takeover deal from Endo ** Kamada KMDA.O: up 9.1% BUZZ-Kamada: Rises on supply deal with Israel for experimental COVID-19 treatment ** ARC Document Solutions ARC.N: up 11.7% BUZZ-ARC Document Solutions: Up on stronger Q3 result expectations ** Aerie Pharma AERI.O: down 13.7% BUZZ-Aerie Pharma: BOFA says post COVID-19 pathway looks challenging, downgrades ** Albertsons ACI.N: up 0.8% BUZZ-Albertsons: Rises on piloting grocery pickup lockers in select locations ** Warner Music WMG.O: up 2.3% BUZZ-Warner Music rises on upbeat FY20 revenue forecast ** Microchip Technology MCHP.O: up 2.1% BUZZ-Microchip Technology: MS sees upside in second half, upgrades ** Tivity Health Inc TVTY.O: up 4.1% BUZZ-Tivity Health Inc: Rises after divesting nutrition business ** OraSure Tech OSUR.O: up 13.3% BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** HNI Corp HNI.N: up 1.5% BUZZ-HNI Corp: Set to open near eight-month high after results beat ** Bentley Systems BSY.O: down 6.8% BUZZ-Bentley Systems: IPO banks' initiations skew 'neutral' after research quiet period ends ** MEDNAX Inc MD.N: down 6.5% BUZZ-MEDNAX Inc: At 5-month low after Deutsche Bank downgrade ** BOQI International Medical Inc BIMI.N: up 74.9% BUZZ-BOQI International Medical surges as Guanzan acquisition powers Q2 revenue jump ** Laird Superfood LSF.N: up 6.0% BUZZ-Laird Superfood: Rises as brokerages bullish on new products, subscription sales ** Ocean Bio OBCI.O: up 10.2% BUZZ-Ocean Bio-Chem gains as Q3 net sales jump 53% ** Lazyday Holdings LAZY.O: up 1.1% BUZZ-Lazyday Holdings: Rises after Craig-Hallum raises PT ** Old National Bancorp ONB.O: up 4.5% BUZZ-Old National Bancorp: Gains as Q3 profit beats on strong loan growth 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 inched higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon .N At 11:38 ET, the Dow Jones Industrial Average .DJI was down 0.20% at 28,549.72. down 0.20% (Compiled by Tiyashi Datta) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc , up 5.4 % ** National Oilwell Varco, Inc , up 4 % ** L Brands Inc , up 3.8 % The top three S&P 500 .PL.INX percentage losers: ** EOG Resources Inc , down 3.2 % ** Vornado Realty Trust , down 3.2 % ** Diamondback Energy Inc , down 2.6 % The top three NYSE .PG.N percentage gainers: ** Front Yard Residential Corp , up 35.2 % ** Natuzzi Spa , up 28.3 % ** Renren Inc , up 27.7 % The top three NYSE .PL.N percentage losers: ** American Equity Investment Life Holding Company , down 19.1 % ** iHuman Inc , down 9.6 % ** Ntn Buzztime , down 7.4 % The top three Nasdaq .PG.O percentage gainers: ** Kaixin Auto Holdings , up 416.4 % ** Code Chain New Continent Ltd, up 94.1 % ** Boqi International Medical Inc , up 79.8 % The top three Nasdaq .PL.O percentage losers: ** CHF Solutions Inc , down 17.6 % ** Flux Power Holdings Inc , down 15.5 % ** Aerie Pharmaceuticals Inc , down 13.7 % ** American Airlines AAL.O: up 2.0% BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Centogene CNTG.O: up 17.2% BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 2.0% BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 3.8% BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Fluidigm FLDM.O: up 7.1% BUZZ-Fluidigm leaps after Trump administration provides COVID-19 test in Texas ** Beyond Air Inc XAIR.O: up 2.2% BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** Cisco CSCO.O: down 1.1% BUZZ-Cisco: Credit Suisse cuts PT ahead of Q1 results ** AMC AMC.N: up 18.8% BUZZ-AMC shares rise as New York state prepares to reopen theaters ** Front Yard Residential RESI.N: up 35.2% BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal ** JinkoSolar JKS.N: up 7.7% BUZZ-JinkoSolar: Up on supply deal for Kozani project ** BioSpecifics BSTC.O: up 44.5% BUZZ-BioSpecifics: Hits record high on takeover deal from Endo ** Kamada KMDA.O: up 9.1% BUZZ-Kamada: Rises on supply deal with Israel for experimental COVID-19 treatment ** ARC Document Solutions ARC.N: up 11.7% BUZZ-ARC Document Solutions: Up on stronger Q3 result expectations ** Aerie Pharma AERI.O: down 13.7% BUZZ-Aerie Pharma: BOFA says post COVID-19 pathway looks challenging, downgrades ** Albertsons ACI.N: up 0.8% BUZZ-Albertsons: Rises on piloting grocery pickup lockers in select locations ** Warner Music WMG.O: up 2.3% BUZZ-Warner Music rises on upbeat FY20 revenue forecast ** Microchip Technology MCHP.O: up 2.1% BUZZ-Microchip Technology: MS sees upside in second half, upgrades ** Tivity Health Inc TVTY.O: up 4.1% BUZZ-Tivity Health Inc: Rises after divesting nutrition business ** OraSure Tech OSUR.O: up 13.3% BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** HNI Corp HNI.N: up 1.5% BUZZ-HNI Corp: Set to open near eight-month high after results beat ** Bentley Systems BSY.O: down 6.8% BUZZ-Bentley Systems: IPO banks' initiations skew 'neutral' after research quiet period ends ** MEDNAX Inc MD.N: down 6.5% BUZZ-MEDNAX Inc: At 5-month low after Deutsche Bank downgrade ** BOQI International Medical Inc BIMI.N: up 74.9% BUZZ-BOQI International Medical surges as Guanzan acquisition powers Q2 revenue jump ** Laird Superfood LSF.N: up 6.0% BUZZ-Laird Superfood: Rises as brokerages bullish on new products, subscription sales ** Ocean Bio OBCI.O: up 10.2% BUZZ-Ocean Bio-Chem gains as Q3 net sales jump 53% ** Lazyday Holdings LAZY.O: up 1.1% BUZZ-Lazyday Holdings: Rises after Craig-Hallum raises PT ** Old National Bancorp ONB.O: up 4.5% BUZZ-Old National Bancorp: Gains as Q3 profit beats on strong loan growth 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 inched higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon .N At 11:38 ET, the Dow Jones Industrial Average .DJI was down 0.20% at 28,549.72. down 0.69% Consumer Discretionary
|
The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc , up 5.4 % ** National Oilwell Varco, Inc , up 4 % ** L Brands Inc , up 3.8 % The top three S&P 500 .PL.INX percentage losers: ** EOG Resources Inc , down 3.2 % ** Vornado Realty Trust , down 3.2 % ** Diamondback Energy Inc , down 2.6 % The top three NYSE .PG.N percentage gainers: ** Front Yard Residential Corp , up 35.2 % ** Natuzzi Spa , up 28.3 % ** Renren Inc , up 27.7 % The top three NYSE .PL.N percentage losers: ** American Equity Investment Life Holding Company , down 19.1 % ** iHuman Inc , down 9.6 % ** Ntn Buzztime , down 7.4 % The top three Nasdaq .PG.O percentage gainers: ** Kaixin Auto Holdings , up 416.4 % ** Code Chain New Continent Ltd, up 94.1 % ** Boqi International Medical Inc , up 79.8 % The top three Nasdaq .PL.O percentage losers: ** CHF Solutions Inc , down 17.6 % ** Flux Power Holdings Inc , down 15.5 % ** Aerie Pharmaceuticals Inc , down 13.7 % ** American Airlines AAL.O: up 2.0% BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Centogene CNTG.O: up 17.2% BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 2.0% BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 3.8% BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Fluidigm FLDM.O: up 7.1% BUZZ-Fluidigm leaps after Trump administration provides COVID-19 test in Texas ** Beyond Air Inc XAIR.O: up 2.2% BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** Cisco CSCO.O: down 1.1% BUZZ-Cisco: Credit Suisse cuts PT ahead of Q1 results ** AMC AMC.N: up 18.8% BUZZ-AMC shares rise as New York state prepares to reopen theaters ** Front Yard Residential RESI.N: up 35.2% BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal ** JinkoSolar JKS.N: up 7.7% BUZZ-JinkoSolar: Up on supply deal for Kozani project ** BioSpecifics BSTC.O: up 44.5% BUZZ-BioSpecifics: Hits record high on takeover deal from Endo ** Kamada KMDA.O: up 9.1% BUZZ-Kamada: Rises on supply deal with Israel for experimental COVID-19 treatment ** ARC Document Solutions ARC.N: up 11.7% BUZZ-ARC Document Solutions: Up on stronger Q3 result expectations ** Aerie Pharma AERI.O: down 13.7% BUZZ-Aerie Pharma: BOFA says post COVID-19 pathway looks challenging, downgrades ** Albertsons ACI.N: up 0.8% BUZZ-Albertsons: Rises on piloting grocery pickup lockers in select locations ** Warner Music WMG.O: up 2.3% BUZZ-Warner Music rises on upbeat FY20 revenue forecast ** Microchip Technology MCHP.O: up 2.1% BUZZ-Microchip Technology: MS sees upside in second half, upgrades ** Tivity Health Inc TVTY.O: up 4.1% BUZZ-Tivity Health Inc: Rises after divesting nutrition business ** OraSure Tech OSUR.O: up 13.3% BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** HNI Corp HNI.N: up 1.5% BUZZ-HNI Corp: Set to open near eight-month high after results beat ** Bentley Systems BSY.O: down 6.8% BUZZ-Bentley Systems: IPO banks' initiations skew 'neutral' after research quiet period ends ** MEDNAX Inc MD.N: down 6.5% BUZZ-MEDNAX Inc: At 5-month low after Deutsche Bank downgrade ** BOQI International Medical Inc BIMI.N: up 74.9% BUZZ-BOQI International Medical surges as Guanzan acquisition powers Q2 revenue jump ** Laird Superfood LSF.N: up 6.0% BUZZ-Laird Superfood: Rises as brokerages bullish on new products, subscription sales ** Ocean Bio OBCI.O: up 10.2% BUZZ-Ocean Bio-Chem gains as Q3 net sales jump 53% ** Lazyday Holdings LAZY.O: up 1.1% BUZZ-Lazyday Holdings: Rises after Craig-Hallum raises PT ** Old National Bancorp ONB.O: up 4.5% BUZZ-Old National Bancorp: Gains as Q3 profit beats on strong loan growth 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 inched higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon .N At 11:38 ET, the Dow Jones Industrial Average .DJI was down 0.20% at 28,549.72. The S&P 500 .SPX was down 0.37% at 3,470.99 and the Nasdaq Composite .IXIC was down 0.02% at 11,669.214.
|
5137.0
|
2020-10-19 00:00:00 UTC
|
7 Airline Stocks to Buy on Pelosi Stimulus Hopes
|
AAL
|
https://www.nasdaq.com/articles/7-airline-stocks-to-buy-on-pelosi-stimulus-hopes-2020-10-19
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Stock markets are down as they await a deal in Washington, D.C. on new economic stimulus measures to help individuals and businesses. If a stimulus deal is reached, stocks are expected to pop. And no sector is likely to jump higher than airline stocks.
Air carriers in the U.S. have been struggling mightily as earlier government relief measures run out and they are forced to cancel flights, furlough staff and ground more aircraft. A new stimulus package being negotiated between Democrats and Republicans is expected to include new money to help airlines survive until a Covid-19 vaccine is available.
Here are seven airline stocks to buy on the current stimulus hopes.
10 Best Stocks for 2020: Megatrends Support This Year's Biggest Winners
American Airlines (NASDAQ:AAL)
United Airlines (NASDAQ:UAL)
Delta Airlines (NYSE:DAL)
Southwest Airlines (NYSE:LUV)
JetBlue Airways (NASDAQ:JBLU)
Alaska Air (NYSE:ALK)
Spirit Airlines (NYSE:SAVE)
Airline Stocks: American Airlines (AAL)
Source: GagliardiPhotography / Shutterstock.com
The largest airline in the U.S. (and the entire world) has been particularly hit hard by the pandemic because of its large number of international routes, the majority of which have been decimated by border closures and travel restrictions imposed by foreign governments.
In recent weeks, the carrier has begun furloughing 19,000 employees. American Airlines Chief Executive Officer Doug Parker has said that Washington, D.C. needs to come up with an additional $25 billion of aid for airlines in order for the carrier to begin recalling impacted workers.
In March, Congress approved $25 billion, mostly in grants, to cover passenger airline payrolls through September, and up to another $25 billion in loans that airlines could use for other purposes. American Airlines has borrowed $5.5 billion from the U.S. Treasury but says it is not enough to help the carrier over the coming six months.
While there was an uptick in the summer, U.S. air travel remains down nearly 70% from a year ago. AAL stock remains down 55% year-to-date at $12.56 a share. But as the biggest of the airline stocks, it is likely to get a sizable lift if a new stimulus bill is reached by lawmakers.
United Airlines (UAL)
Source: NextNewMedia / Shutterstock.com
United Airlines has also been making tough decisions in recent weeks. The carrier has announced that it is furloughing 13,000 employees, more than half of which are flight attendants. United achieved thousands more staff reductions through early retirements and voluntary leave packages.
The staff reductions came after the airline reported that it lost $1.8 billion on revenue of $2.49 billion in its most recent quarter as sales fell 78% year-over-year. Passenger traffic at United fell 83% in the quarter, causing United to lose about $25 million per day since early June.
If there’s a silver lining in the dark clouds that United Airlines is currently flying through, it is the fact that the company is planning its recovery from the pandemic, even though it doesn’t expect passenger traffic to return substantially until 2022.
In the meantime, United is drawing from its $19 billion cash pile to help it survive and plot a return to normal operations. It is also shifting its focus to serving domestic U.S. routes instead of international destinations and has parked more than 150 aircraft in long-term storage.
7 Stocks to Buy to Finish 2020 With a Bang
UAL stock remains down 58% year-to-date at $35.50 per share. Investors should take comfort that the carrier has the cash on hand to get to the other side of the global pandemic.
Delta Airlines (DAL)
DAL) plane flying through the clouds to represent airline stocks" width="300" height="169">Source: NextNewMedia / Shutterstock.com
Delta Airlines hasn’t only seen a downturn in leisure travel, it has been hurt by the evaporation of business travel as well. The Atlanta-based airline’s business revenues dropped 86% in the third quarter, while leisure passenger sales fell 82% in the same period.
The result is that Delta burned through more than $20 million of cash a day between June 1 and August 31. Delta Chief Executive Officer Ed Bastian recently said that he expects corporate travel, which provides half of the airline’s revenues, was likely to be 20% below 2019 levels in two years.
In response, Delta Airlines has begin changing its management structure from senior executives down to middle managers. It has also reduced its workforce by one-fifth (about 17,000 employees), primarily through early retirements and buyout packages.
Whether it will be enough to keep the airline aloft remains to be seen. But with more people working from home and in-person business meetings being replaced by video conferences, it is likely to be a tough climb back for business air travel. DAL stock is down 44% year-to-date at about $32 a share.
Southwest Airlines (LUV)
LUV) jet flying above the clouds" width="300" height="169">Source: Carlos E. Santa Maria / Shutterstock.com
The world’s biggest low-cost airline has been tested during the Covid-19 outbreak. Many of Southwest Airlines most cherished policies have been altered this year. Policies such as no pay cuts and no furloughs for staff have been put in jeopardy as the airline struggles with a steep downturn in leisure and vacation travel.
Southwest has always touted the fact that never furloughed or cut worker pay in its nearly 50 years of flying. But now, the carrier has been forced to seek pay concessions from its unionized workforce and has announced plans to reduce its nonunion workers’ pay by 10%.
Southwest Airlines has also cut 90,000 flights from its November and December schedules because holiday travel and trips to sun destinations have fallen off a cliff. Without additional stimulus, the carrier is likely to make more cuts in coming months.
7 Internet Of Things Stocks To Buy For 2021 And Beyond
LUV stock is down 23% at about $41 a share. However, investors should expect airline stocks like LUV to jump sharply higher once Covid-19 restrictions ease and Americans are able to resume vacation travel safely.
JetBlue Airways (JBLU)
JBLU) airplane on a runway" width="300" height="169">Source: Roman Tiraspolsky / Shutterstock.com
JetBlue suffered a blow recently when Fitch Ratings, an American credit rating agency, cut the airline’s credit rating to “junk” status. That kind of rating doesn’t inspire confidence in investors.
The ratings downgrade came as JetBlue added substantially to its debt load in recent months. At the end of June, the company had $5.6 billion in debt and lease liabilities, up from $3.2 billion at the beginning of 2020. It has continued to add to its debt load over the summer and into the autumn. Fitch also said it expects a slow recovery in air travel demand and believes JetBlue won’t be able to cut its costs as much as some of its larger rivals, causing cash burn to continue into 2021.
Despite the negative sentiment, JetBlue could benefit from the fact that is has modest exposure to business travel and no long-haul international business. Once a vaccine is available, leisure travel demand should recover more quickly to destinations such as Florida and the Caribbean, where JetBlue’s business is concentrated.
At the same time, JetBlue has significantly reduced its capital spending through 2022, with just $1.1 billion of committed aircraft spending in 2021 and $900 million in 2022. JBLU stock is down 32% year-to-date at $12.26 a share.
Alaska Air (ALK)
Source: Philip Pilosian / Shutterstock.com
It is not just national and international airline stocks that have been hard hit by the pandemic. Regional carriers have also seen their business plummet this year. Case in point: Alaska Air. The fifth largest airline in the U.S., Seattle-based Alaska Air has had to make changes and rely on reserve funds to weather the economic downturn. However, Alaska Air has been more successful than many other airlines in recent months.
The company has been able to keep its cash burn under control and below expectations. The airline said it burned $117 million in September, below the estimated $150 million it had estimated for the month. For the third quarter as a whole, Alaska Air’s daily cash burn averaged $4 million, down 70% from the second quarter. The carrier had $3.6 billion of cash on hand, along with access to nearly $1.8 billion of additional low-cost loans from the federal government heading into October, enough cash to last more than three years.
7 Maturing Growth Stocks to Buy You Can Rely On
The positive results are due to Alaska Air’s base in the Pacific Northwest, where Covid-19 has not been as bad, and that the airline has been able to maintain leisure travel flights to outdoor tourist destinations in the mountains. Plus, Alaska Air caters to high-tech workers on the West coast who have been less impacted by the pandemic. ALK stock is down 40% year-to-date at about $40 a share.
Spirit Airlines (SAVE)
Source: Markus Mainka / Shutterstock.com
Last up on this list of airline stocks is Spirit. Spirit Airlines has been harder hit this year than just about any major carrier in the U.S. The Miami, Florida-based low-cost carrier has seen its stock price fall 57% year-to-date to about $17 a share.
Analysts are skeptical of the carrier’s ability to rebound anytime soon given its focus on vacation destinations, primarily in the Caribbean. Indeed, Spirit’s losses have been piling up. In the second quarter on an adjusted basis, Spirit lost $3.59 per share — about $286 million.
However, some analysts and investors remain bullish on SAVE stock. They point to the fact that Spirit Airlines is not dependent on business travel and that the company’s low cost, no frills model makes it easy to contain costs and adapt to the proverbial new normal. Also, Spirit just raised $850 million in debt backed by its brand and loyalty rewards programs. The carrier should have enough liquidity to manage through the current downturn and emerge intact on the other side.
On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article.
More From InvestorPlace
Why Everyone Is Investing in 5G All WRONG
Top Stock Picker Reveals His Next 1,000% Winner
Radical New Battery Could Dismantle Oil Markets
Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company
The post 7 Airline Stocks to Buy on Pelosi Stimulus Hopes 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.
|
10 Best Stocks for 2020: Megatrends Support This Year's Biggest Winners American Airlines (NASDAQ:AAL) United Airlines (NASDAQ:UAL) Delta Airlines (NYSE:DAL) Southwest Airlines (NYSE:LUV) JetBlue Airways (NASDAQ:JBLU) Alaska Air (NYSE:ALK) Spirit Airlines (NYSE:SAVE) Airline Stocks: American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com The largest airline in the U.S. (and the entire world) has been particularly hit hard by the pandemic because of its large number of international routes, the majority of which have been decimated by border closures and travel restrictions imposed by foreign governments. AAL stock remains down 55% year-to-date at $12.56 a share. If there’s a silver lining in the dark clouds that United Airlines is currently flying through, it is the fact that the company is planning its recovery from the pandemic, even though it doesn’t expect passenger traffic to return substantially until 2022.
|
10 Best Stocks for 2020: Megatrends Support This Year's Biggest Winners American Airlines (NASDAQ:AAL) United Airlines (NASDAQ:UAL) Delta Airlines (NYSE:DAL) Southwest Airlines (NYSE:LUV) JetBlue Airways (NASDAQ:JBLU) Alaska Air (NYSE:ALK) Spirit Airlines (NYSE:SAVE) Airline Stocks: American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com The largest airline in the U.S. (and the entire world) has been particularly hit hard by the pandemic because of its large number of international routes, the majority of which have been decimated by border closures and travel restrictions imposed by foreign governments. AAL stock remains down 55% year-to-date at $12.56 a share. United Airlines (UAL) Source: NextNewMedia / Shutterstock.com United Airlines has also been making tough decisions in recent weeks.
|
10 Best Stocks for 2020: Megatrends Support This Year's Biggest Winners American Airlines (NASDAQ:AAL) United Airlines (NASDAQ:UAL) Delta Airlines (NYSE:DAL) Southwest Airlines (NYSE:LUV) JetBlue Airways (NASDAQ:JBLU) Alaska Air (NYSE:ALK) Spirit Airlines (NYSE:SAVE) Airline Stocks: American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com The largest airline in the U.S. (and the entire world) has been particularly hit hard by the pandemic because of its large number of international routes, the majority of which have been decimated by border closures and travel restrictions imposed by foreign governments. AAL stock remains down 55% year-to-date at $12.56 a share. Delta Airlines (DAL) DAL) plane flying through the clouds to represent airline stocks" width="300" height="169">Source: NextNewMedia / Shutterstock.com Delta Airlines hasn’t only seen a downturn in leisure travel, it has been hurt by the evaporation of business travel as well.
|
10 Best Stocks for 2020: Megatrends Support This Year's Biggest Winners American Airlines (NASDAQ:AAL) United Airlines (NASDAQ:UAL) Delta Airlines (NYSE:DAL) Southwest Airlines (NYSE:LUV) JetBlue Airways (NASDAQ:JBLU) Alaska Air (NYSE:ALK) Spirit Airlines (NYSE:SAVE) Airline Stocks: American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com The largest airline in the U.S. (and the entire world) has been particularly hit hard by the pandemic because of its large number of international routes, the majority of which have been decimated by border closures and travel restrictions imposed by foreign governments. AAL stock remains down 55% year-to-date at $12.56 a share. Here are seven airline stocks to buy on the current stimulus hopes.
|
5138.0
|
2020-10-19 00:00:00 UTC
|
United Airlines Says the Worst Is Over. Here's Its Plan to Win the Recovery
|
AAL
|
https://www.nasdaq.com/articles/united-airlines-says-the-worst-is-over.-heres-its-plan-to-win-the-recovery-2020-10-19
|
nan
|
nan
|
United Airlines Holdings (NASDAQ: UAL) was among the first to sound the alarm on how bad the COVID-19 pandemic would be for the industry. The airline's third-quarter results were a fresh reminder of how accurate that call was, but what stood out on the post-earnings call that followed was a subtle shift toward optimism and talk that the worst is now over.
United lost $1.8 billion on revenue of $2.49 billion in the quarter as sales fell 78% year over year. The airline bled through about $25 million per day as traffic fell by 83%.
Investors knew going in that the quarter would be a mess. What matters is the outlook, and on that subject United management was surprisingly upbeat.
United vs. the S&P 500 data by YCharts
"The light at the end of the tunnel is now visible"
On the call with investors, CEO Scott Kirby said the airline was trying to be "realistic and objective" at the beginning of the crisis, which is why United was forecasting layoffs even as the ink on a $50 billion industry assistance package was not yet dry.
The warnings proved accurate, as United and other airlines are now laying off tens of thousands as they try to downsize in response to tepid demand.
"Emotions like pessimism, optimism, hope, fear have no place when you're making decisions that involve the lives of tens of thousands of employees and the future of a great airline," Kirby said on the call. "You have to be objective and realistic."
There's no quick solution to what ails the industry, but that realism now has a touch of optimism sprinkled in. Airlines still have "twelve to fifteen months of pain, sacrifice, and difficulty ahead," Kirby said. But he also said United has done enough to ensure its survival, and is beginning to plan for that eventual recovery.
"The light at the end of the tunnel is now visible," Kirby said. "It's a long tunnel and it will have twists and turns, but we'll begin to move back toward normal with what health experts are telling us is a widely available vaccine around the end of next year."
How United plans to win
United believes business travel, a vital source of revenue for airlines, will not recover to pre-pandemic levels until 2024. Though the rise in popularity of video conferencing services could permanently change the dynamics of business travel, the airline does not expect the need to travel for business to disappear.
"I've been fond of saying the first time someone loses a sale to a competitor who showed up in person is the last time they tried to make a sales call on Zoom," Kirby said.
The changing business landscape due to the pandemic could open new doors as it closes old ones. Any loss of demand from road warriors flying regularly for meetings could be replaced by demand from employees now authorized to work remotely who need to periodically check in at headquarters.
Image source: United Airlines.
But for now, the recovery will be built around leisure travel. In late August United took a big step to court vacationers, and disrupt the industry, when it permanently eliminated change fees on tickets. It's also refocusing its network by adding flights to leisure destinations in Florida and across the Sun Belt, and putting an emphasis on Hawaii.
Hawaii accounted for about 4% of total domestic flying prior to the pandemic but will grow to about 9% in the fourth quarter. Last month, the airline piloted a COVID-19 testing service for Hawaii travelers that could be rolled out for international and even domestic flying.
Leisure travel tends to be more price-sensitive, and in working to cut expenses, United is trying to make its cost structure more variable so it can be ramped up or brought down, based on demand.
Is it time to buy United?
United ended the quarter with $19.4 billion in available liquidity, enough to ride out an extended crisis and reason enough for the airline to begin to focus on a recovery. But as warned, that recovery is going to take a long time to materialize.
Kirby seemingly took a shot at rivals Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) in saying he expects United to be "the first network carrier to return to positive cash flow" in 2021, a sign of his confidence in a recovery.
United's management team deserves strong marks for its handling of this crisis, and its blunt honesty throughout. Since coming up the ranks first at America West and then at US Airways and American before moving to United, Kirby has established himself as one of the industry's premier operators, and United shareholders should be glad he is in the cockpit.
That said, United prior to the crisis was an airline built for international and business travel. The changes it's making now are the right moves, but they will take time to implement and come with risks. United is still a company playing catchup.
I'm a believer that United is moving in the right direction, and after years of having little interest in buying in, I'm warming to the stock enough to put it on my watch list. But a lot could go wrong in the years to come as we await a recovery.
United is going to make it through the crisis, but I still see alternatives like Delta and Southwest Airlines (NYSE: LUV) as safer investments for those with the stomach to buy into what will be a turbulent recovery.
10 stocks we like better than United Airlines Holdings
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 United Airlines Holdings 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 September 24, 2020
Lou Whiteman owns shares of Delta Air Lines. 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.
|
Kirby seemingly took a shot at rivals Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) in saying he expects United to be "the first network carrier to return to positive cash flow" in 2021, a sign of his confidence in a recovery. "Emotions like pessimism, optimism, hope, fear have no place when you're making decisions that involve the lives of tens of thousands of employees and the future of a great airline," Kirby said on the call. United is going to make it through the crisis, but I still see alternatives like Delta and Southwest Airlines (NYSE: LUV) as safer investments for those with the stomach to buy into what will be a turbulent recovery.
|
Kirby seemingly took a shot at rivals Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) in saying he expects United to be "the first network carrier to return to positive cash flow" in 2021, a sign of his confidence in a recovery. United lost $1.8 billion on revenue of $2.49 billion in the quarter as sales fell 78% year over year. How United plans to win United believes business travel, a vital source of revenue for airlines, will not recover to pre-pandemic levels until 2024.
|
Kirby seemingly took a shot at rivals Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) in saying he expects United to be "the first network carrier to return to positive cash flow" in 2021, a sign of his confidence in a recovery. United vs. the S&P 500 data by YCharts "The light at the end of the tunnel is now visible" On the call with investors, CEO Scott Kirby said the airline was trying to be "realistic and objective" at the beginning of the crisis, which is why United was forecasting layoffs even as the ink on a $50 billion industry assistance package was not yet dry. How United plans to win United believes business travel, a vital source of revenue for airlines, will not recover to pre-pandemic levels until 2024.
|
Kirby seemingly took a shot at rivals Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) in saying he expects United to be "the first network carrier to return to positive cash flow" in 2021, a sign of his confidence in a recovery. United lost $1.8 billion on revenue of $2.49 billion in the quarter as sales fell 78% year over year. But for now, the recovery will be built around leisure travel.
|
5139.0
|
2020-10-19 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Abbott, Concho, Biogen
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-tesla-abbott-concho-biogen-2020-10-19
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes were set to inch higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon. .N
At 8:39 a.m. ET, Dow e-minis 1YMc1 were up 0.59% at 28,576. S&P 500 e-minis ESc1 were up 0.75% at 3,488.25, while Nasdaq 100 e-minis NQc1 were up 0.95% at 11,910.25. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Front Yard Residential Corp , up 34.8% ** ARC Document Solutions Inc , up 22.3% ** SEACOR Marine Holdings Inc , up 18.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** American Equity Investment Life Holding , down 8.7% ** Hudbay Minerals Inc , down 8.1% ** Navios Maritime Partners , down 7.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Code Chain New Continent Ltd , up 164.5% ** Kaixin Auto Holdings , up 71.0% ** Boqi International Medical Inc , up 58.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Paya Holdings Equity Warrants , down 35.1% ** Ameri Holdings Equity Warrants , down 32.3% ** CHF Solutions Inc , down 18.9% ** Tesla TSLA.O: up 1.5% premarket BUZZ-Tesla: Wedbush bets on strong Q3 performance, hikes PT to $500 ** Abbott ABT.N: up 0.8% premarket BUZZ-Abbott's heart device could receive national coverage under Medicare- Cowen ** Microsoft Corp MSFT.O: up 0.5% premarket BUZZ-Microsoft: Jefferies raises PT on hopes of strong Q1 results ** American Airlines AAL.O: up 1.0% premarket BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** OraSure Tech OSUR.O: up 19.5% premarket BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** Biogen Inc BIIB.O: down 0.2% premarket BUZZ-FDA panel meet on Alzheimer's drug remains focus - analysts ** Centogene CNTG.O: up 7.7% premarket BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 0.9% premarket BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 3.2% premarket BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Concho Resources CXO.N: up 2.9% premarket BUZZ-Concho Resources rises on ConocoPhillips' $9.7 bln buyout deal ** Beyond Air Inc XAIR.O: up 3.6% premarket BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** AMC AMC.N: up 8.2% premarket BUZZ-AMC shares rise as New York state prepares to reopen theaters ** D.R. Horton DHI.N: up 1.2% premarket BUZZ-D.R. Horton: Rises on buying smaller rival in Texas for $23 mln
** Front Yard Residential RESI.N: up 34.8% premarket BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal
** JinkoSolar JKS.N: up 1.8% premarket BUZZ-JinkoSolar: Up on supply deal for Kozani project
(Compiled by Tiyashi Datta)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Front Yard Residential Corp , up 34.8% ** ARC Document Solutions Inc , up 22.3% ** SEACOR Marine Holdings Inc , up 18.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** American Equity Investment Life Holding , down 8.7% ** Hudbay Minerals Inc , down 8.1% ** Navios Maritime Partners , down 7.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Code Chain New Continent Ltd , up 164.5% ** Kaixin Auto Holdings , up 71.0% ** Boqi International Medical Inc , up 58.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Paya Holdings Equity Warrants , down 35.1% ** Ameri Holdings Equity Warrants , down 32.3% ** CHF Solutions Inc , down 18.9% ** Tesla TSLA.O: up 1.5% premarket BUZZ-Tesla: Wedbush bets on strong Q3 performance, hikes PT to $500 ** Abbott ABT.N: up 0.8% premarket BUZZ-Abbott's heart device could receive national coverage under Medicare- Cowen ** Microsoft Corp MSFT.O: up 0.5% premarket BUZZ-Microsoft: Jefferies raises PT on hopes of strong Q1 results ** American Airlines AAL.O: up 1.0% premarket BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** OraSure Tech OSUR.O: up 19.5% premarket BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** Biogen Inc BIIB.O: down 0.2% premarket BUZZ-FDA panel meet on Alzheimer's drug remains focus - analysts ** Centogene CNTG.O: up 7.7% premarket BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 0.9% premarket BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 3.2% premarket BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Concho Resources CXO.N: up 2.9% premarket BUZZ-Concho Resources rises on ConocoPhillips' $9.7 bln buyout deal ** Beyond Air Inc XAIR.O: up 3.6% premarket BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** AMC AMC.N: up 8.2% premarket BUZZ-AMC shares rise as New York state prepares to reopen theaters ** D.R. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to inch higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon. Horton: Rises on buying smaller rival in Texas for $23 mln ** Front Yard Residential RESI.N: up 34.8% premarket BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal ** JinkoSolar JKS.N: up 1.8% premarket BUZZ-JinkoSolar: Up on supply deal for Kozani project (Compiled by Tiyashi Datta) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Front Yard Residential Corp , up 34.8% ** ARC Document Solutions Inc , up 22.3% ** SEACOR Marine Holdings Inc , up 18.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** American Equity Investment Life Holding , down 8.7% ** Hudbay Minerals Inc , down 8.1% ** Navios Maritime Partners , down 7.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Code Chain New Continent Ltd , up 164.5% ** Kaixin Auto Holdings , up 71.0% ** Boqi International Medical Inc , up 58.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Paya Holdings Equity Warrants , down 35.1% ** Ameri Holdings Equity Warrants , down 32.3% ** CHF Solutions Inc , down 18.9% ** Tesla TSLA.O: up 1.5% premarket BUZZ-Tesla: Wedbush bets on strong Q3 performance, hikes PT to $500 ** Abbott ABT.N: up 0.8% premarket BUZZ-Abbott's heart device could receive national coverage under Medicare- Cowen ** Microsoft Corp MSFT.O: up 0.5% premarket BUZZ-Microsoft: Jefferies raises PT on hopes of strong Q1 results ** American Airlines AAL.O: up 1.0% premarket BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** OraSure Tech OSUR.O: up 19.5% premarket BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** Biogen Inc BIIB.O: down 0.2% premarket BUZZ-FDA panel meet on Alzheimer's drug remains focus - analysts ** Centogene CNTG.O: up 7.7% premarket BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 0.9% premarket BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 3.2% premarket BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Concho Resources CXO.N: up 2.9% premarket BUZZ-Concho Resources rises on ConocoPhillips' $9.7 bln buyout deal ** Beyond Air Inc XAIR.O: up 3.6% premarket BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** AMC AMC.N: up 8.2% premarket BUZZ-AMC shares rise as New York state prepares to reopen theaters ** D.R. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to inch higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon. Horton: Rises on buying smaller rival in Texas for $23 mln ** Front Yard Residential RESI.N: up 34.8% premarket BUZZ-Front Yard Residential: Jumps on $767 mln go-private deal ** JinkoSolar JKS.N: up 1.8% premarket BUZZ-JinkoSolar: Up on supply deal for Kozani project (Compiled by Tiyashi Datta) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Front Yard Residential Corp , up 34.8% ** ARC Document Solutions Inc , up 22.3% ** SEACOR Marine Holdings Inc , up 18.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** American Equity Investment Life Holding , down 8.7% ** Hudbay Minerals Inc , down 8.1% ** Navios Maritime Partners , down 7.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Code Chain New Continent Ltd , up 164.5% ** Kaixin Auto Holdings , up 71.0% ** Boqi International Medical Inc , up 58.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Paya Holdings Equity Warrants , down 35.1% ** Ameri Holdings Equity Warrants , down 32.3% ** CHF Solutions Inc , down 18.9% ** Tesla TSLA.O: up 1.5% premarket BUZZ-Tesla: Wedbush bets on strong Q3 performance, hikes PT to $500 ** Abbott ABT.N: up 0.8% premarket BUZZ-Abbott's heart device could receive national coverage under Medicare- Cowen ** Microsoft Corp MSFT.O: up 0.5% premarket BUZZ-Microsoft: Jefferies raises PT on hopes of strong Q1 results ** American Airlines AAL.O: up 1.0% premarket BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** OraSure Tech OSUR.O: up 19.5% premarket BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** Biogen Inc BIIB.O: down 0.2% premarket BUZZ-FDA panel meet on Alzheimer's drug remains focus - analysts ** Centogene CNTG.O: up 7.7% premarket BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 0.9% premarket BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 3.2% premarket BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Concho Resources CXO.N: up 2.9% premarket BUZZ-Concho Resources rises on ConocoPhillips' $9.7 bln buyout deal ** Beyond Air Inc XAIR.O: up 3.6% premarket BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** AMC AMC.N: up 8.2% premarket BUZZ-AMC shares rise as New York state prepares to reopen theaters ** D.R. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to inch higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon. S&P 500 e-minis ESc1 were up 0.75% at 3,488.25, while Nasdaq 100 e-minis NQc1 were up 0.95% at 11,910.25.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Front Yard Residential Corp , up 34.8% ** ARC Document Solutions Inc , up 22.3% ** SEACOR Marine Holdings Inc , up 18.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** American Equity Investment Life Holding , down 8.7% ** Hudbay Minerals Inc , down 8.1% ** Navios Maritime Partners , down 7.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Code Chain New Continent Ltd , up 164.5% ** Kaixin Auto Holdings , up 71.0% ** Boqi International Medical Inc , up 58.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Paya Holdings Equity Warrants , down 35.1% ** Ameri Holdings Equity Warrants , down 32.3% ** CHF Solutions Inc , down 18.9% ** Tesla TSLA.O: up 1.5% premarket BUZZ-Tesla: Wedbush bets on strong Q3 performance, hikes PT to $500 ** Abbott ABT.N: up 0.8% premarket BUZZ-Abbott's heart device could receive national coverage under Medicare- Cowen ** Microsoft Corp MSFT.O: up 0.5% premarket BUZZ-Microsoft: Jefferies raises PT on hopes of strong Q1 results ** American Airlines AAL.O: up 1.0% premarket BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** OraSure Tech OSUR.O: up 19.5% premarket BUZZ-OraSure Tech: Surges as COVID-19 saliva testing device gets emergency use tag ** Biogen Inc BIIB.O: down 0.2% premarket BUZZ-FDA panel meet on Alzheimer's drug remains focus - analysts ** Centogene CNTG.O: up 7.7% premarket BUZZ-Centogene: Up as U.S. FDA grants emergency use for COVID-19 test ** Schlumberger NV SLB.N: up 0.9% premarket BUZZ-Street View: Schlumberger's 2021 margins likely to grow above 2019 levels ** L Brands LB.N: up 3.2% premarket BUZZ-L Brands: J.P.Morgan raises PT on strong Bath & Body Works margins expectations ** Concho Resources CXO.N: up 2.9% premarket BUZZ-Concho Resources rises on ConocoPhillips' $9.7 bln buyout deal ** Beyond Air Inc XAIR.O: up 3.6% premarket BUZZ-Beyond Air Inc: Jumps on upcoming data presentation on Nitric Oxide on coronavirus ** AMC AMC.N: up 8.2% premarket BUZZ-AMC shares rise as New York state prepares to reopen theaters ** D.R. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to inch higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon. ET, Dow e-minis 1YMc1 were up 0.59% at 28,576.
|
5140.0
|
2020-10-19 00:00:00 UTC
|
US STOCKS-Wall Street set to rise on renewed hopes of stimulus deal
|
AAL
|
https://www.nasdaq.com/articles/us-stocks-wall-street-set-to-rise-on-renewed-hopes-of-stimulus-deal-2020-10-19
|
nan
|
nan
|
By Medha Singh
Oct 19 (Reuters) - Wall Street's main indexes were set to inch higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon.
Last week the White House proposed a $1.8 trillion stimulus but House Speaker Nancy Pelosi had stuck to her demand for a $2.2 trillion aid.
Pelosi said on Sunday she wanted a bill passed before the Nov. 3 presidential election, but acknowledged an agreement would have to come within 48 hours for that to happen.
"Today, stimulus has come to the front of the conversation without question," said Tom Mantione, managing director of UBS Private Wealth Management.
"(The Republicans and Democrats) closed a $2 trillion gap to $500 billion in 6 weeks. May be in 36 hours we can close the other $500 billion."
Meanwhile, President Donald Trump and his Democratic challenger Joe Biden will debate for a final time on Thursday with about two weeks left until Election Day.
U.S. planemaker Boeing Co's BA.N shares rose about 0.8% in premarket trading as American Airlines Group AAL.O announced plans to return its 737 Max jets to service by the end of 2020 depending on certification of the aircraft from the Federal Aviation Administration.
Wall Street's main indexes logged slight gains last week — the third in a row for the benchmark S&P 500 .SPX and the blue-chip Dow .DJI — as news that a COVID-19 vaccine could be available by November helped offset worries about the elusive federal aid bill.
After the financial sector set a mixed tone to the start of third-quarter earnings season, investors will look to results from about 91 S&P 500 companies this week including International Business Machines Corp IBM.N and Netflix Inc NFLX.O.
Oilfield services provider Halliburton Co HAL.N dipped 0.4% after posting its fourth consecutive quarterly loss as this year's slump in oil prices due to the COVID-19 pandemic hit demand for its services.
At 08:19 a.m. ET, Dow E-minis 1YMcv1 were up 0.64% at 28,588 points and S&P 500 e-minis EScv1 rose 0.77% to 3,488.75. Nasdaq 100 E-minis NQcv1 were up 110.5 points to 11,907 points.
Chipmaker Microchip Technology Inc MCHP.O gained about 3%following Morgan Stanley upgraded the stock to "overweight".
American Equity Investment Life Holding Co AEL.N dropped 9% as it said it had entered into a strategic partnership with Brookfield Asset Management Inc BAMa.TO and rejected an unsolicited acquisition proposal from Athene Holding Ltd ATH.N and Massachusetts Mutual Life Insurance Co.
(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.
|
U.S. planemaker Boeing Co's BA.N shares rose about 0.8% in premarket trading as American Airlines Group AAL.O announced plans to return its 737 Max jets to service by the end of 2020 depending on certification of the aircraft from the Federal Aviation Administration. By Medha Singh Oct 19 (Reuters) - Wall Street's main indexes were set to inch higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon. Wall Street's main indexes logged slight gains last week — the third in a row for the benchmark S&P 500 .SPX and the blue-chip Dow .DJI — as news that a COVID-19 vaccine could be available by November helped offset worries about the elusive federal aid bill.
|
U.S. planemaker Boeing Co's BA.N shares rose about 0.8% in premarket trading as American Airlines Group AAL.O announced plans to return its 737 Max jets to service by the end of 2020 depending on certification of the aircraft from the Federal Aviation Administration. By Medha Singh Oct 19 (Reuters) - Wall Street's main indexes were set to inch higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon. Last week the White House proposed a $1.8 trillion stimulus but House Speaker Nancy Pelosi had stuck to her demand for a $2.2 trillion aid.
|
U.S. planemaker Boeing Co's BA.N shares rose about 0.8% in premarket trading as American Airlines Group AAL.O announced plans to return its 737 Max jets to service by the end of 2020 depending on certification of the aircraft from the Federal Aviation Administration. Last week the White House proposed a $1.8 trillion stimulus but House Speaker Nancy Pelosi had stuck to her demand for a $2.2 trillion aid. Wall Street's main indexes logged slight gains last week — the third in a row for the benchmark S&P 500 .SPX and the blue-chip Dow .DJI — as news that a COVID-19 vaccine could be available by November helped offset worries about the elusive federal aid bill.
|
U.S. planemaker Boeing Co's BA.N shares rose about 0.8% in premarket trading as American Airlines Group AAL.O announced plans to return its 737 Max jets to service by the end of 2020 depending on certification of the aircraft from the Federal Aviation Administration. By Medha Singh Oct 19 (Reuters) - Wall Street's main indexes were set to inch higher at the open on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon. "(The Republicans and Democrats) closed a $2 trillion gap to $500 billion in 6 weeks.
|
5141.0
|
2020-10-19 00:00:00 UTC
|
Pre-Market Most Active for Oct 19, 2020 : HTZ, NIO, AAPL, WIMI, GE, COP, RESI, AAL, NKLA, AMC, FLDM, QQQ
|
AAL
|
https://www.nasdaq.com/articles/pre-market-most-active-for-oct-19-2020-%3A-htz-nio-aapl-wimi-ge-cop-resi-aal-nkla-amc-fldm
|
nan
|
nan
|
The NASDAQ 100 Pre-Market Indicator is up 68.93 to 11,921.1. The total Pre-Market volume is currently 12,032,729 shares traded.
The following are the most active stocks for the pre-market session:
Hertz Global Holdings, Inc (HTZ) is +0.23 at $2.73, with 29,733,711 shares traded. HTZ's current last sale is 136.5% of the target price of $2.
NIO Inc. (NIO) is -0.06 at $28.42, with 2,732,678 shares traded. NIO's current last sale is 130.67% of the target price of $21.75.
Apple Inc. (AAPL) is +1 at $120.02, with 1,315,269 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. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
WiMi Hologram Cloud Inc. (WIMI) is +0.91 at $6.91, with 1,004,061 shares traded.
General Electric Company (GE) is +0.15 at $7.44, with 810,269 shares traded. As reported by Zacks, the current mean recommendation for GE is in the "buy range".
ConocoPhillips (COP) is +0.98 at $34.75, with 685,106 shares traded. As reported by Zacks, the current mean recommendation for COP is in the "buy range".
Front Yard Residential Corporation (RESI) is +3.47 at $13.43, with 629,750 shares traded. As reported by Zacks, the current mean recommendation for RESI is in the "buy range".
American Airlines Group, Inc. (AAL) is +0.12 at $12.58, with 608,082 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 $-5.62. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -5.62 per share, which represents a 142 percent increase over the EPS one Year Ago
Nikola Corporation (NKLA) is +0.2051 at $19.75, with 561,845 shares traded. NKLA's current last sale is 48.17% of the target price of $41.
AMC Entertainment Holdings, Inc. (AMC) is +0.29 at $3.33, with 452,506 shares traded. AMC's current last sale is 83.25% of the target price of $4.
Fluidigm Corporation (FLDM) is +0.94 at $7.69, with 450,884 shares traded. As reported by Zacks, the current mean recommendation for FLDM is in the "strong buy range".
Invesco QQQ Trust, Series 1 (QQQ) is +1.99 at $290.50, with 425,295 shares traded. This represents a 76.14% 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.
|
AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. American Airlines Group, Inc. (AAL) is +0.12 at $12.58, with 608,082 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020.
|
American Airlines Group, Inc. (AAL) is +0.12 at $12.58, with 608,082 shares traded. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020.
|
American Airlines Group, Inc. (AAL) is +0.12 at $12.58, with 608,082 shares traded. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. The total Pre-Market volume is currently 12,032,729 shares traded.
|
American Airlines Group, Inc. (AAL) is +0.12 at $12.58, with 608,082 shares traded. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. The NASDAQ 100 Pre-Market Indicator is up 68.93 to 11,921.1.
|
5142.0
|
2020-10-19 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Abbott, Microsoft, American Airlines
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-tesla-abbott-microsoft-american-airlines-2020-10-19
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stock index futures climbed on Monday on hopes of a coronavirus vaccine by the year end, while remarks from House Speaker Nancy Pelosi revived bets that an agreement in Washington on a fiscal package could be reached soon .N
At 07:14 ET, Dow e-minis 1YMc1 were up 0.79% at 28,633. S&P 500 e-minis ESc1 were up 0.82% at 3,490.75, while Nasdaq 100 e-minis NQc1 were up 1.02% at 11,917.75. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Mistras Group Inc MG.N, up 14.7% ** MGM Growth Properties LLC MGP.N, up 11.8% ** Concho Resources Inc CXO.N, up 11.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** American Equity Investment Life Holding Co AEL.N, down 9.9% ** J.Jill Inc JILL.N, down 7.9% ** Plains GP Holdings LP PAGP.N, down 6.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Kaixin Auto Holdings KXIN.O, up 63.3% ** Midatech Pharma Plc MTP.O, up 39.0% ** Senmiao Technology Ltd AIHS.O, up 23.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Paya Holdings Equity Warrant PAYAW.O, down 35.1% ** The9 Ltd NCTY.O, down 16.3% ** CHF Solutions Inc CHFS.O, down 11.3% ** Tesla TSLA.O: up 1.4% premarket BUZZ-Tesla: Wedbush bets on strong Q3 performance, hikes PT to $500 ** Abbott ABT.N: up 0.6% premarket BUZZ-Abbott's heart device could receive national coverage under Medicare- Cowen ** Microsoft Corp MSFT.O: up 0.7% premarket BUZZ-Microsoft: Jefferies raises PT on hopes of strong Q1 results ** American Airlines AAL.O: up 1.0% premarket BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end
** Concho Resources CXO.N: up 1.6% premarket
BUZZ-Concho Resources: Jumps on takeover by ConocoPhillips
(Compiled by Tiyashi Datta in Bengaluru)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Mistras Group Inc MG.N, up 14.7% ** MGM Growth Properties LLC MGP.N, up 11.8% ** Concho Resources Inc CXO.N, up 11.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** American Equity Investment Life Holding Co AEL.N, down 9.9% ** J.Jill Inc JILL.N, down 7.9% ** Plains GP Holdings LP PAGP.N, down 6.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Kaixin Auto Holdings KXIN.O, up 63.3% ** Midatech Pharma Plc MTP.O, up 39.0% ** Senmiao Technology Ltd AIHS.O, up 23.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Paya Holdings Equity Warrant PAYAW.O, down 35.1% ** The9 Ltd NCTY.O, down 16.3% ** CHF Solutions Inc CHFS.O, down 11.3% ** Tesla TSLA.O: up 1.4% premarket BUZZ-Tesla: Wedbush bets on strong Q3 performance, hikes PT to $500 ** Abbott ABT.N: up 0.6% premarket BUZZ-Abbott's heart device could receive national coverage under Medicare- Cowen ** Microsoft Corp MSFT.O: up 0.7% premarket BUZZ-Microsoft: Jefferies raises PT on hopes of strong Q1 results ** American Airlines AAL.O: up 1.0% premarket BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Concho Resources CXO.N: up 1.6% premarket BUZZ-Concho Resources: Jumps on takeover by ConocoPhillips (Compiled by Tiyashi Datta in Bengaluru) 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 climbed on Monday on hopes of a coronavirus vaccine by the year end, while remarks from House Speaker Nancy Pelosi revived bets that an agreement in Washington on a fiscal package could be reached soon .N At 07:14 ET, Dow e-minis 1YMc1 were up 0.79% at 28,633. S&P 500 e-minis ESc1 were up 0.82% at 3,490.75, while Nasdaq 100 e-minis NQc1 were up 1.02% at 11,917.75.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Mistras Group Inc MG.N, up 14.7% ** MGM Growth Properties LLC MGP.N, up 11.8% ** Concho Resources Inc CXO.N, up 11.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** American Equity Investment Life Holding Co AEL.N, down 9.9% ** J.Jill Inc JILL.N, down 7.9% ** Plains GP Holdings LP PAGP.N, down 6.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Kaixin Auto Holdings KXIN.O, up 63.3% ** Midatech Pharma Plc MTP.O, up 39.0% ** Senmiao Technology Ltd AIHS.O, up 23.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Paya Holdings Equity Warrant PAYAW.O, down 35.1% ** The9 Ltd NCTY.O, down 16.3% ** CHF Solutions Inc CHFS.O, down 11.3% ** Tesla TSLA.O: up 1.4% premarket BUZZ-Tesla: Wedbush bets on strong Q3 performance, hikes PT to $500 ** Abbott ABT.N: up 0.6% premarket BUZZ-Abbott's heart device could receive national coverage under Medicare- Cowen ** Microsoft Corp MSFT.O: up 0.7% premarket BUZZ-Microsoft: Jefferies raises PT on hopes of strong Q1 results ** American Airlines AAL.O: up 1.0% premarket BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Concho Resources CXO.N: up 1.6% premarket BUZZ-Concho Resources: Jumps on takeover by ConocoPhillips (Compiled by Tiyashi Datta in Bengaluru) 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 climbed on Monday on hopes of a coronavirus vaccine by the year end, while remarks from House Speaker Nancy Pelosi revived bets that an agreement in Washington on a fiscal package could be reached soon .N At 07:14 ET, Dow e-minis 1YMc1 were up 0.79% at 28,633. S&P 500 e-minis ESc1 were up 0.82% at 3,490.75, while Nasdaq 100 e-minis NQc1 were up 1.02% at 11,917.75.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Mistras Group Inc MG.N, up 14.7% ** MGM Growth Properties LLC MGP.N, up 11.8% ** Concho Resources Inc CXO.N, up 11.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** American Equity Investment Life Holding Co AEL.N, down 9.9% ** J.Jill Inc JILL.N, down 7.9% ** Plains GP Holdings LP PAGP.N, down 6.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Kaixin Auto Holdings KXIN.O, up 63.3% ** Midatech Pharma Plc MTP.O, up 39.0% ** Senmiao Technology Ltd AIHS.O, up 23.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Paya Holdings Equity Warrant PAYAW.O, down 35.1% ** The9 Ltd NCTY.O, down 16.3% ** CHF Solutions Inc CHFS.O, down 11.3% ** Tesla TSLA.O: up 1.4% premarket BUZZ-Tesla: Wedbush bets on strong Q3 performance, hikes PT to $500 ** Abbott ABT.N: up 0.6% premarket BUZZ-Abbott's heart device could receive national coverage under Medicare- Cowen ** Microsoft Corp MSFT.O: up 0.7% premarket BUZZ-Microsoft: Jefferies raises PT on hopes of strong Q1 results ** American Airlines AAL.O: up 1.0% premarket BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Concho Resources CXO.N: up 1.6% premarket BUZZ-Concho Resources: Jumps on takeover by ConocoPhillips (Compiled by Tiyashi Datta in Bengaluru) 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 climbed on Monday on hopes of a coronavirus vaccine by the year end, while remarks from House Speaker Nancy Pelosi revived bets that an agreement in Washington on a fiscal package could be reached soon .N At 07:14 ET, Dow e-minis 1YMc1 were up 0.79% at 28,633. S&P 500 e-minis ESc1 were up 0.82% at 3,490.75, while Nasdaq 100 e-minis NQc1 were up 1.02% at 11,917.75.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Mistras Group Inc MG.N, up 14.7% ** MGM Growth Properties LLC MGP.N, up 11.8% ** Concho Resources Inc CXO.N, up 11.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** American Equity Investment Life Holding Co AEL.N, down 9.9% ** J.Jill Inc JILL.N, down 7.9% ** Plains GP Holdings LP PAGP.N, down 6.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Kaixin Auto Holdings KXIN.O, up 63.3% ** Midatech Pharma Plc MTP.O, up 39.0% ** Senmiao Technology Ltd AIHS.O, up 23.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Paya Holdings Equity Warrant PAYAW.O, down 35.1% ** The9 Ltd NCTY.O, down 16.3% ** CHF Solutions Inc CHFS.O, down 11.3% ** Tesla TSLA.O: up 1.4% premarket BUZZ-Tesla: Wedbush bets on strong Q3 performance, hikes PT to $500 ** Abbott ABT.N: up 0.6% premarket BUZZ-Abbott's heart device could receive national coverage under Medicare- Cowen ** Microsoft Corp MSFT.O: up 0.7% premarket BUZZ-Microsoft: Jefferies raises PT on hopes of strong Q1 results ** American Airlines AAL.O: up 1.0% premarket BUZZ-American Airlines: Gains after co hints 737 MAX could return by 2020-end ** Concho Resources CXO.N: up 1.6% premarket BUZZ-Concho Resources: Jumps on takeover by ConocoPhillips (Compiled by Tiyashi Datta in Bengaluru) 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 climbed on Monday on hopes of a coronavirus vaccine by the year end, while remarks from House Speaker Nancy Pelosi revived bets that an agreement in Washington on a fiscal package could be reached soon .N At 07:14 ET, Dow e-minis 1YMc1 were up 0.79% at 28,633. S&P 500 e-minis ESc1 were up 0.82% at 3,490.75, while Nasdaq 100 e-minis NQc1 were up 1.02% at 11,917.75.
|
5143.0
|
2020-10-19 00:00:00 UTC
|
US STOCKS-Futures rise on renewed hopes of stimulus deal
|
AAL
|
https://www.nasdaq.com/articles/us-stocks-futures-rise-on-renewed-hopes-of-stimulus-deal-2020-10-19
|
nan
|
nan
|
By Medha Singh
Oct 19 (Reuters) - U.S. stock index futures climbed on Monday on hopes of a coronavirus vaccine by the year end, while remarks from House Speaker Nancy Pelosi revived bets that an agreement in Washington on a fiscal package could be reached soon.
U.S. planemaker Boeing Co's BA.N shares rose about 1% in premarket trading as American Airlines Group AAL.O announced plans to return its 737 Max jets to service by the end of this year depending on certification of the aircraft from the Federal Aviation Administration.
American Airlines shares gained 0.9%.
Pelosi said on Sunday that differences remained with President Donald Trump's administration on a wide-ranging coronavirus aid package, but she was optimistic legislation could be pushed through before Election Day.
Meanwhile, Trump and his Democratic challenger Joe Biden will debate for a final time on Thursday with about two weeks left until the Nov. 3 presidential election.
Wall Street's main indexes logged slight gains last week — the third in a row for the benchmark S&P 500 .SPX and the blue-chip Dow .DJI — as news that a COVID-19 vaccine could be available by November helped offset worries about the elusive federal aid bill.
This week investors will also look to results from International Business Machines Corp IBM.N and Netflix Inc NFLX.O.
At 06:27 a.m. ET, Dow E-minis 1YMcv1 were up 0.68% at 28,6000 points and S&P 500 E-minis EScv1 were up 0.76% at 3,488 points. Nasdaq 100 E-minis NQcv1 rose 1% to 11,916 points.
Oilfield services provider Halliburton Co HAL.N posted its fourth consecutive quarterly loss as this year's slump in oil prices due to the COVID-19 pandemic hit demand for its services. Its shares, which have lost about half of their value this year, were up 1.2%.
American Equity Investment Life Holding Co AEL.N dropped 2.8% as it said it had entered into a strategic partnership with Brookfield Asset Management Inc BAMa.TO and rejected an unsolicited acquisition proposal from Athene Holding Ltd ATH.N and Massachusetts Mutual Life Insurance Co.
(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.
|
U.S. planemaker Boeing Co's BA.N shares rose about 1% in premarket trading as American Airlines Group AAL.O announced plans to return its 737 Max jets to service by the end of this year depending on certification of the aircraft from the Federal Aviation Administration. By Medha Singh Oct 19 (Reuters) - U.S. stock index futures climbed on Monday on hopes of a coronavirus vaccine by the year end, while remarks from House Speaker Nancy Pelosi revived bets that an agreement in Washington on a fiscal package could be reached soon. Wall Street's main indexes logged slight gains last week — the third in a row for the benchmark S&P 500 .SPX and the blue-chip Dow .DJI — as news that a COVID-19 vaccine could be available by November helped offset worries about the elusive federal aid bill.
|
U.S. planemaker Boeing Co's BA.N shares rose about 1% in premarket trading as American Airlines Group AAL.O announced plans to return its 737 Max jets to service by the end of this year depending on certification of the aircraft from the Federal Aviation Administration. American Airlines shares gained 0.9%. Pelosi said on Sunday that differences remained with President Donald Trump's administration on a wide-ranging coronavirus aid package, but she was optimistic legislation could be pushed through before Election Day.
|
U.S. planemaker Boeing Co's BA.N shares rose about 1% in premarket trading as American Airlines Group AAL.O announced plans to return its 737 Max jets to service by the end of this year depending on certification of the aircraft from the Federal Aviation Administration. By Medha Singh Oct 19 (Reuters) - U.S. stock index futures climbed on Monday on hopes of a coronavirus vaccine by the year end, while remarks from House Speaker Nancy Pelosi revived bets that an agreement in Washington on a fiscal package could be reached soon. American Equity Investment Life Holding Co AEL.N dropped 2.8% as it said it had entered into a strategic partnership with Brookfield Asset Management Inc BAMa.TO and rejected an unsolicited acquisition proposal from Athene Holding Ltd ATH.N and Massachusetts Mutual Life Insurance Co. (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.
|
U.S. planemaker Boeing Co's BA.N shares rose about 1% in premarket trading as American Airlines Group AAL.O announced plans to return its 737 Max jets to service by the end of this year depending on certification of the aircraft from the Federal Aviation Administration. By Medha Singh Oct 19 (Reuters) - U.S. stock index futures climbed on Monday on hopes of a coronavirus vaccine by the year end, while remarks from House Speaker Nancy Pelosi revived bets that an agreement in Washington on a fiscal package could be reached soon. American Airlines shares gained 0.9%.
|
5144.0
|
2020-10-19 00:00:00 UTC
|
U.S. screened over 1 million airline passengers Sunday for first time since March
|
AAL
|
https://www.nasdaq.com/articles/u.s.-screened-over-1-million-airline-passengers-sunday-for-first-time-since-march-2020-10
|
nan
|
nan
|
By David Shepardson
WASHINGTON, Oct 19 (Reuters) - The U.S. Transportation Security Administration (TSA) said it screened more than 1 million airline passengers on Sunday for the first time since mid-March.
The number, 1.03 million, is still about 60% lower than the same day last year, but is a dramatic rise from the collapse in air travel demand caused by the coronavirus pandemic. Screening fell to as little as 87,000 in a single day in April.
The previous high was 1.26 million screened on March 16.
U.S. airlines are collectively burning more than $5 billion in cash a month and have failed to date to convince Congress to approve a new $25 billion bailout that would have kept more than 32,000 workers on the payroll for another six months.
American Airlines AAL.O furloughed 19,000 workers, while United Airlines UAL.O furloughed 13,000 workers.
Staff for the top Democrats and Republicans on the House and Senate committees overseeing airlines have been working to try to reach agreement on a potential standalone airline bill, but the airlines are not optimistic any bill will be approved before the Nov. 3 presidential election.
A previous airline payroll support program expired on Sept. 30. At some point, airlines may shift messaging to seeking new government funds to bring workers back.
Airlines for America, a trade group representing American Airlines, United, Delta Air Lines DAL.N and others have said passenger volumes are down about 64%, including 62% domestically and 79% internationally.
U.S. airlines are operating 48% fewer flights than a year ago and still have nearly one-third of their fleet idled, the group added.
The TSA statement on Monday also said it is adopting new measures to make security screening safer, including installing credential authentication devices at some checkpoints enabling passengers to insert IDs directly into a card reader.
New CT scanners at some checkpoints also often allow officers to check items without having to open a carry-on bag.
(Reporting by David Shepardson; Editing by Chizu Nomiyama and Andrea Ricci)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines AAL.O furloughed 19,000 workers, while United Airlines UAL.O furloughed 13,000 workers. By David Shepardson WASHINGTON, Oct 19 (Reuters) - The U.S. Transportation Security Administration (TSA) said it screened more than 1 million airline passengers on Sunday for the first time since mid-March. The number, 1.03 million, is still about 60% lower than the same day last year, but is a dramatic rise from the collapse in air travel demand caused by the coronavirus pandemic.
|
American Airlines AAL.O furloughed 19,000 workers, while United Airlines UAL.O furloughed 13,000 workers. By David Shepardson WASHINGTON, Oct 19 (Reuters) - The U.S. Transportation Security Administration (TSA) said it screened more than 1 million airline passengers on Sunday for the first time since mid-March. Airlines for America, a trade group representing American Airlines, United, Delta Air Lines DAL.N and others have said passenger volumes are down about 64%, including 62% domestically and 79% internationally.
|
American Airlines AAL.O furloughed 19,000 workers, while United Airlines UAL.O furloughed 13,000 workers. Staff for the top Democrats and Republicans on the House and Senate committees overseeing airlines have been working to try to reach agreement on a potential standalone airline bill, but the airlines are not optimistic any bill will be approved before the Nov. 3 presidential election. Airlines for America, a trade group representing American Airlines, United, Delta Air Lines DAL.N and others have said passenger volumes are down about 64%, including 62% domestically and 79% internationally.
|
American Airlines AAL.O furloughed 19,000 workers, while United Airlines UAL.O furloughed 13,000 workers. By David Shepardson WASHINGTON, Oct 19 (Reuters) - The U.S. Transportation Security Administration (TSA) said it screened more than 1 million airline passengers on Sunday for the first time since mid-March. The previous high was 1.26 million screened on March 16.
|
5145.0
|
2020-10-18 00:00:00 UTC
|
American Airlines Plans To Return Boeing 737 Max Services At Year-end : Reports
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-plans-to-return-boeing-737-max-services-at-year-end-%3A-reports-2020-10-18
|
nan
|
nan
|
(RTTNews) - American Airlines plans to return Boeing 737 Max to service for passenger flights by the end of the year. But it is dependent on re-certification from the Federal Aviation Administration, according to reports.
The Boeing 737 Max has been grounded worldwide since March 2019 following two crashes that killed 364 people.
The airline will operate a daily 737 Max flight between Miami and New York from December 29 to January 4. The flights will be available for booking as early as October 24, the reports said.
"We remain in contact with the FAA and Boeing on the certification process and we'll continue to update our plans based on when the aircraft is certified," the airline reportedly said in a statement.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - American Airlines plans to return Boeing 737 Max to service for passenger flights by the end of the year. The airline will operate a daily 737 Max flight between Miami and New York from December 29 to January 4. "We remain in contact with the FAA and Boeing on the certification process and we'll continue to update our plans based on when the aircraft is certified," the airline reportedly said in a statement.
|
(RTTNews) - American Airlines plans to return Boeing 737 Max to service for passenger flights by the end of the year. The Boeing 737 Max has been grounded worldwide since March 2019 following two crashes that killed 364 people. The airline will operate a daily 737 Max flight between Miami and New York from December 29 to January 4.
|
(RTTNews) - American Airlines plans to return Boeing 737 Max to service for passenger flights by the end of the year. The airline will operate a daily 737 Max flight between Miami and New York from December 29 to January 4. "We remain in contact with the FAA and Boeing on the certification process and we'll continue to update our plans based on when the aircraft is certified," the airline reportedly said in a statement.
|
(RTTNews) - American Airlines plans to return Boeing 737 Max to service for passenger flights by the end of the year. But it is dependent on re-certification from the Federal Aviation Administration, according to reports. The Boeing 737 Max has been grounded worldwide since March 2019 following two crashes that killed 364 people.
|
5146.0
|
2020-10-18 00:00:00 UTC
|
Where Does American Airlines Go from Here?
|
AAL
|
https://www.nasdaq.com/articles/where-does-american-airlines-go-from-here-2020-10-18
|
nan
|
nan
|
As our domestic and international travel plans continue to be disrupted by the pandemic, we can only imagine how this is impacting the companies that facilitate travel. Before proper cost levers were pulled last quarter, American Airlines (NASDAQ: AAL) was burning $70M in cash a day. That number is much lower now, but still not low enough to offset its tough loss in revenue.
Will the upcoming stimulus package provide some relief?
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 September 24, 2020
Austin Hankwitz 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.
|
Before proper cost levers were pulled last quarter, American Airlines (NASDAQ: AAL) was burning $70M in cash a day. 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!
|
Before proper cost levers were pulled last quarter, American Airlines (NASDAQ: AAL) was burning $70M in cash a day. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of September 24, 2020 Austin Hankwitz has no position in any of the stocks mentioned.
|
Before proper cost levers were pulled last quarter, American Airlines (NASDAQ: AAL) was burning $70M in cash a day. 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. * 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!
|
Before proper cost levers were pulled last quarter, American Airlines (NASDAQ: AAL) was burning $70M in cash a day. 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!
|
5147.0
|
2020-10-18 00:00:00 UTC
|
American Airlines plans to return Boeing 737 Max to service at year-end
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-plans-to-return-boeing-737-max-to-service-at-year-end-2020-10-18
|
nan
|
nan
|
Adds FAA statement
WASHINGTON, Oct 18 (Reuters) - American Airlines Group AAL.O plans to return Boeing BA.N 737 Max jets to service for passenger flights by the end of this year depending on certification of the aircraft from the Federal Aviation Administration (FAA), it said on Sunday.
The airline said it will operate a daily 737 Max flight between Miami and New York from Dec. 29 to Jan. 4, with flights available for booking from Oct. 24.
"We remain in contact with the FAA and Boeing on the certification process and we'll continue to update our plans based on when the aircraft is certified," the company said in an statement.
The FAA in a statement Sunday reiterated it has no timeline for approving the plane's return to service and said it "will lift the grounding order only after FAA safety experts are satisfied that the aircraft meets certification standards."
The Boeing 737 MAX has been grounded since March 2019 after two fatal crashes killed 346 people. The FAA expected to lift its grounding order around mid-November, sources briefed on the matter previously told Reuters, but that date could still slip.
American Airlines said it will make customers aware that they are flying on a 737 MAX.
The FAA in early October issued a draft report on revised training procedures for the MAX, which is open for public comment through Nov. 2.
(Reporting by Ann Maria Shibu in Bengaluru and David Shepardson in Washington; Editing by David Goodman and Daniel Wallis)
((AnnMaria.Shibu@thomsonreuters.com; +1 646 223 8780; + 91 80 6749 2795;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Adds FAA statement WASHINGTON, Oct 18 (Reuters) - American Airlines Group AAL.O plans to return Boeing BA.N 737 Max jets to service for passenger flights by the end of this year depending on certification of the aircraft from the Federal Aviation Administration (FAA), it said on Sunday. "We remain in contact with the FAA and Boeing on the certification process and we'll continue to update our plans based on when the aircraft is certified," the company said in an statement. The FAA expected to lift its grounding order around mid-November, sources briefed on the matter previously told Reuters, but that date could still slip.
|
Adds FAA statement WASHINGTON, Oct 18 (Reuters) - American Airlines Group AAL.O plans to return Boeing BA.N 737 Max jets to service for passenger flights by the end of this year depending on certification of the aircraft from the Federal Aviation Administration (FAA), it said on Sunday. The FAA in a statement Sunday reiterated it has no timeline for approving the plane's return to service and said it "will lift the grounding order only after FAA safety experts are satisfied that the aircraft meets certification standards." The FAA expected to lift its grounding order around mid-November, sources briefed on the matter previously told Reuters, but that date could still slip.
|
Adds FAA statement WASHINGTON, Oct 18 (Reuters) - American Airlines Group AAL.O plans to return Boeing BA.N 737 Max jets to service for passenger flights by the end of this year depending on certification of the aircraft from the Federal Aviation Administration (FAA), it said on Sunday. The FAA in a statement Sunday reiterated it has no timeline for approving the plane's return to service and said it "will lift the grounding order only after FAA safety experts are satisfied that the aircraft meets certification standards." (Reporting by Ann Maria Shibu in Bengaluru and David Shepardson in Washington; Editing by David Goodman and Daniel Wallis) ((AnnMaria.Shibu@thomsonreuters.com; +1 646 223 8780; + 91 80 6749 2795;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Adds FAA statement WASHINGTON, Oct 18 (Reuters) - American Airlines Group AAL.O plans to return Boeing BA.N 737 Max jets to service for passenger flights by the end of this year depending on certification of the aircraft from the Federal Aviation Administration (FAA), it said on Sunday. The FAA in a statement Sunday reiterated it has no timeline for approving the plane's return to service and said it "will lift the grounding order only after FAA safety experts are satisfied that the aircraft meets certification standards." The Boeing 737 MAX has been grounded since March 2019 after two fatal crashes killed 346 people.
|
5148.0
|
2020-10-16 00:00:00 UTC
|
Is Spirit Airlines a Better Buy Than All Four of the Majors?
|
AAL
|
https://www.nasdaq.com/articles/is-spirit-airlines-a-better-buy-than-all-four-of-the-majors-2020-10-16
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Spirit Airlines (NYSE:SAVE) Chief Executive Officer Ted Christie believes that his airline will recover from the novel coronavirus downturn sooner than the four major carriers. If that’s true, SAVE stock suddenly becomes an interesting alternative for those looking to benefit from an eventual recovery.
SAVE) branded airplane flying in the air" width="300" height="169">Source: Markus Mainka / Shutterstock.com
But does it make Spirit the better long-term buy?
Forget the Big Four?
In 2020, I’ve written on several occasions about the big four airlines: Southwest (NYSE:LUV), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), and American Airlines (NASDAQ:AAL).
Of the four stocks, I prefer Southwest because it has a healthier balance sheet and Delta for its strong focus on the customer. I had never considered Spirit Airlines until I saw Christie’s comments on FlightGlobal.
7 Value Stocks To Buy in an Overvalued Market
“Christie attributes his relative optimism to Spirit’s focus on carrying leisure travelers, a segment he and industry observers suspect will rebound faster than business and long-haul international travel,” FlightGlobal’s Jon Hemmerdinger wrote on Oct. 12.
“‘Our leisure segment will come back faster than traditional corporate travel,’ Christie adds. ‘I don’t think its long-term impaired in any way.’”
I’ve held the belief in 2020 that if you’re going to bet on the airlines, a much smarter move is to buy U.S. Global Jets ETF (NYSEARCA:JETS), a diversified bet on improving industry conditions.
“I don’t think you could draw up a better game plan for somebody looking to benefit from a resurgence in air travel than to buy some shares of JETS,” I wrote on June 30.
“Millennials might do some dumb things — who doesn’t? — but buying JETS is not one of them if, and it’s a big if, their reason for doing so is they believe air travel will eventually return to normal, historical volumes.”
At the time of my June article, the major four carriers were the top four holdings by weight. Today, the same holds with Delta (10.15%), Southwest (10.05%), United (9.84%) and American (9.32%).
There’s no mention of Spirit Airlines in the 39 holdings.
Since June 30, SAVE stock is down 7.6% through Oct. 14. During the same period, JETS is up 5.5%, 13.1 percentage points better than the leisure airline.
Unless I’m missing something, my “rising tide lifts all boats” philosophy appears to be getting the job done in recent months, and I don’t see why it shouldn’t continue to do so into 2021 and beyond.
Betting on SAVE Stock Over the Long Haul
While there’s an argument to be made that Spirit Airlines will indeed recover before the big four, this is an exercise in investing.
If you bet exclusively on SAVE and it doesn’t recover any faster than the other airlines, you’re likely to be no further ahead than if you exposed yourself to the company risk of one of the big four.
However, an InvestorPlace article recently argued that Spirit Airlines stock provides the best value of any airline stock at the moment.
“[T]here’s a case that SAVE should return back toward early-year levels. The stock came into 2020 trading at about $40 per share. Even falling 20% short of that target still would lead Spirit stock to double. 100% returns over three or even five years should handily beat the market,” the article read.
“But, again, even that $40 level looked reasonably attractive. Bear in mind that Spirit earned more than $5 per share (here too on an adjusted basis) in 2019.”
Bottom line: If Spirit hits $5 per share in adjusted earnings at some time post-pandemic and investors give it a multiple of 10x those earnings, you’re looking at a very compelling return on investment over three to five years.
I can’t argue with that rationale.
That said, I still think in this particular situation that the risk-to-reward proposition of investing in JETS is more favorable than putting all your chips down on Spirit Airlines.
As I said in June, I would love to see an equal-weighted version of JETS where every stock’s performance pushes its share price higher as opposed to counting on a select few. If this were the case and Spirit’s stock was one of the 39 holdings, I’d be even more confident in my argument that JETS is a smarter buy.
But, if we’re talking about picking between the four majors’ stocks and SAVE, then I’d agree with my colleagues that it’s the better buy.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities.
More From InvestorPlace
Forget The Election… Pick These Stocks for the Win in 2021
Why Everyone Is Investing in 5G All WRONG
America’s #1 Stock Picker Reveals His Next 1,000% Winner
Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company
The post Is Spirit Airlines a Better Buy Than All Four of the Majors? 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.
|
In 2020, I’ve written on several occasions about the big four airlines: Southwest (NYSE:LUV), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), and American Airlines (NASDAQ:AAL). “I don’t think you could draw up a better game plan for somebody looking to benefit from a resurgence in air travel than to buy some shares of JETS,” I wrote on June 30. — but buying JETS is not one of them if, and it’s a big if, their reason for doing so is they believe air travel will eventually return to normal, historical volumes.” At the time of my June article, the major four carriers were the top four holdings by weight.
|
In 2020, I’ve written on several occasions about the big four airlines: Southwest (NYSE:LUV), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), and American Airlines (NASDAQ:AAL). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Spirit Airlines (NYSE:SAVE) Chief Executive Officer Ted Christie believes that his airline will recover from the novel coronavirus downturn sooner than the four major carriers. However, an InvestorPlace article recently argued that Spirit Airlines stock provides the best value of any airline stock at the moment.
|
In 2020, I’ve written on several occasions about the big four airlines: Southwest (NYSE:LUV), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), and American Airlines (NASDAQ:AAL). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Spirit Airlines (NYSE:SAVE) Chief Executive Officer Ted Christie believes that his airline will recover from the novel coronavirus downturn sooner than the four major carriers. However, an InvestorPlace article recently argued that Spirit Airlines stock provides the best value of any airline stock at the moment.
|
In 2020, I’ve written on several occasions about the big four airlines: Southwest (NYSE:LUV), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), and American Airlines (NASDAQ:AAL). — but buying JETS is not one of them if, and it’s a big if, their reason for doing so is they believe air travel will eventually return to normal, historical volumes.” At the time of my June article, the major four carriers were the top four holdings by weight. Since June 30, SAVE stock is down 7.6% through Oct. 14.
|
5149.0
|
2020-10-16 00:00:00 UTC
|
Pre-Market Most Active for Oct 16, 2020 : NIO, ASLN, BA, AAPL, NAV, DKNG, PFE, GE, QQQ, SQQQ, AAL, SPR
|
AAL
|
https://www.nasdaq.com/articles/pre-market-most-active-for-oct-16-2020-%3A-nio-asln-ba-aapl-nav-dkng-pfe-ge-qqq-sqqq-aal-spr
|
nan
|
nan
|
The NASDAQ 100 Pre-Market Indicator is up 72.2 to 11,970.77. The total Pre-Market volume is currently 16,233,686 shares traded.
The following are the most active stocks for the pre-market session:
NIO Inc. (NIO) is +0.74 at $28.81, with 4,104,555 shares traded., following a 52-week high recorded in prior regular session.
ASLAN Pharmaceuticals Limited (ASLN) is +0.66 at $2.57, with 4,092,993 shares traded. As reported by Zacks, the current mean recommendation for ASLN is in the "strong buy range".
Boeing Company (The) (BA) is +8.58 at $172.82, with 1,001,029 shares traded. BA's current last sale is 98.75% of the target price of $175.
Apple Inc. (AAPL) is +0.81 at $121.52, with 952,463 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. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Navistar International Corporation (NAV) is +7.24 at $42.66, with 827,568 shares traded. NAV's current last sale is 121.89% of the target price of $35.
DraftKings Inc. (DKNG) is -0.2827 at $44.72, with 730,204 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021. The consensus EPS forecast is $-0.24. As reported by Zacks, the current mean recommendation for DKNG is in the "buy range".
Pfizer, Inc. (PFE) is +0.89 at $37.44, with 597,736 shares traded. PFE's current last sale is 96% of the target price of $39.
General Electric Company (GE) is +0.08 at $6.95, with 518,427 shares traded. As reported by Zacks, the current mean recommendation for GE is in the "buy range".
Invesco QQQ Trust, Series 1 (QQQ) is +1.2 at $291.30, with 468,504 shares traded. This represents a 76.62% increase from its 52 Week Low.
ProShares UltraPro Short QQQ (SQQQ) is -0.28 at $20.24, with 466,595 shares traded. This represents a 6.81% increase from its 52 Week Low.
American Airlines Group, Inc. (AAL) is +0.18 at $12.41, with 440,565 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 $-5.62. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -5.62 per share, which represents a 142 percent increase over the EPS one Year Ago
Spirit Aerosystems Holdings, Inc. (SPR) is +0.87 at $19.54, with 346,956 shares traded. SPR's current last sale is 93.05% 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.
|
American Airlines Group, Inc. (AAL) is +0.18 at $12.41, with 440,565 shares traded. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020.
|
American Airlines Group, Inc. (AAL) is +0.18 at $12.41, with 440,565 shares traded. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020.
|
American Airlines Group, Inc. (AAL) is +0.18 at $12.41, with 440,565 shares traded. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. The total Pre-Market volume is currently 16,233,686 shares traded.
|
American Airlines Group, Inc. (AAL) is +0.18 at $12.41, with 440,565 shares traded. AAL is scheduled to provide an earnings report on 10/22/2020, for the fiscal quarter ending Sep2020. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020.
|
5150.0
|
2020-10-16 00:00:00 UTC
|
Glencore talking with carmakers and battery makers about nickel, CEO says
|
AAL
|
https://www.nasdaq.com/articles/glencore-talking-with-carmakers-and-battery-makers-about-nickel-ceo-says-2020-10-16
|
nan
|
nan
|
Adds comments on nickel, cobalt
JOHANNESBURG, Oct 16 (Reuters) - Glencore GLEN.L CEO Ivan Glasenberg said on Friday that the company is talking with carmakers and battery makers about nickel - a key component in electric vehicle batteries which Tesla CEO Elon Musk has asked miners to produce more of.
"A lot of the automobile guys and the battery guys are talking to us about nickel," Glasenberg said, speaking during the Financial Times Mining Summit. Glencore this year signed an agreement with Tesla to supply it with cobalt from the Congo.
Glasenberg also said Glencore is running down its coal mines and won't replace them, as part of its efforts to cut "Scope 3" emissions - indirect emissions which mining companies are under increasing pressure to address.
Glasenberg said the company's Scope 1 and 2 emissions represent just 10% of its Scope 3 emissions - an indication of how important these indirect emissions are. Glencore has committed to a 30% reduction in Scope 3 emissions by 2035.
Glasenberg said the company will make an announcement on its Scope 3 emissions on Dec. 4. "We are looking at how the market looks. We are reviewing all our coal operations," he said.
He said his focus was on running down existing coal mines, rather than spinning them off. "I don't see how spinning off coal mines will help us reduce Scope 3 emissions," Glasenberg told the summit.
Anglo American AAL.L is planning to spin off its South African coal operations.
(Reporting by Helen Reid and Tanisha Heiberg; editing by 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.
|
Anglo American AAL.L is planning to spin off its South African coal operations. Adds comments on nickel, cobalt JOHANNESBURG, Oct 16 (Reuters) - Glencore GLEN.L CEO Ivan Glasenberg said on Friday that the company is talking with carmakers and battery makers about nickel - a key component in electric vehicle batteries which Tesla CEO Elon Musk has asked miners to produce more of. Glasenberg also said Glencore is running down its coal mines and won't replace them, as part of its efforts to cut "Scope 3" emissions - indirect emissions which mining companies are under increasing pressure to address.
|
Anglo American AAL.L is planning to spin off its South African coal operations. Adds comments on nickel, cobalt JOHANNESBURG, Oct 16 (Reuters) - Glencore GLEN.L CEO Ivan Glasenberg said on Friday that the company is talking with carmakers and battery makers about nickel - a key component in electric vehicle batteries which Tesla CEO Elon Musk has asked miners to produce more of. "A lot of the automobile guys and the battery guys are talking to us about nickel," Glasenberg said, speaking during the Financial Times Mining Summit.
|
Anglo American AAL.L is planning to spin off its South African coal operations. Glasenberg also said Glencore is running down its coal mines and won't replace them, as part of its efforts to cut "Scope 3" emissions - indirect emissions which mining companies are under increasing pressure to address. Glasenberg said the company's Scope 1 and 2 emissions represent just 10% of its Scope 3 emissions - an indication of how important these indirect emissions are.
|
Anglo American AAL.L is planning to spin off its South African coal operations. Adds comments on nickel, cobalt JOHANNESBURG, Oct 16 (Reuters) - Glencore GLEN.L CEO Ivan Glasenberg said on Friday that the company is talking with carmakers and battery makers about nickel - a key component in electric vehicle batteries which Tesla CEO Elon Musk has asked miners to produce more of. Glasenberg also said Glencore is running down its coal mines and won't replace them, as part of its efforts to cut "Scope 3" emissions - indirect emissions which mining companies are under increasing pressure to address.
|
5151.0
|
2020-10-15 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-Charles Schwab, Walgreens, Fastly, United Airlines
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-charles-schwab-walgreens-fastly-united-airlines-2020-10-15
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stocks dropped on Thursday as an unexpected rise in weekly jobless claims compounded fears of a stalling economic recovery, against the backdrop of dimming hopes for more fiscal aid before the election. .N
At 11:32 ET, the Dow Jones Industrial Average .DJI was down 0.58% at 28,349.52, the S&P 500 .SPX had slipped 0.75% to 3,462.36 and the Nasdaq Composite .IXIC had dropped 1.08% to 11,641.865. The top three S&P 500 .PG.INX percentage gainers: ** The Charles Schwab Corp , up 3.6% ** Walgreens Boots Alliance Inc , up 3% ** Under Armour Inc , up 2.5% The top three S&P 500 .PL.INX percentage losers: ** Vertex Pharma , down 21.4% ** United Airlines Holdings Inc , down 4.3% ** Valero Energy Corp , down 4% The top two NYSE .PG.N percentage gainers: ** Cars.Com Inc , up 16.5% ** U.S. Xpress Enterprises Inc , up 8.6% The top two NYSE .PL.N percentage losers: ** Fastly Inc , down 23.2% ** Leaf Group Ltd , down 15.6% The top three Nasdaq .PG.O percentage gainers: ** Huttig Building Products Inc , up 36.1% ** SPI Energy Co , up 31.5% ** Eastern Bankshares Inc , up 22.1% The top three Nasdaq .PL.O percentage losers: ** VivoPower International PLC , down 23.4% ** Vertex Pharmaceuticals Incorp , down 21.4% ** Aphria Inc , down 18.1% ** Vertex VRTX.O: down 21.4% BUZZ- Drops on scrapping trial of deficiency disorder treatment ** United Airlines UAL.O: down 4.3% BUZZ- Dips on bigger-than-expected loss, but cash burn slows ** Organogenesis Holdings ORGO.O: up 21.4% BUZZ- Jumps on forecasting Q3 revenue above Wall Street estimates ** NantKwest NK.O: up 2.4% BUZZ- Up as COVID-19 vaccine development partner gets FDA nod for trial ** Fastly FSLY.N: down 23.2% BUZZ- In slow lane as falling TikTok usage bites ** Walgreens WBA.O: up 3.0% BUZZ- Rises on Q4 profit beat, rosy profit view for 2021 ** VivoPower VVPR.O: down 23.4% BUZZ- Falls on $25 mln stock deal ** Roku Inc ROKU.O: down 2.2% BUZZ- Keybanc raises concerns over international expansion, downgrades to 'sector weight' ** United Airlines UAL.O: down 4.3% ** American Airlines AAL.O: down 1.7% ** Delta Air Lines DAL.N: down 1.8% ** Spirit Airlines SAVE.N: down 2.3% ** Southwest Airlines LUV.N: down 1.9% BUZZ-U.S. airlines fall on United's downbeat Q3, stimulus uncertainty L4N2GE3M5 ** Morgan Stanley MS.N: up 1.1% BUZZ- Rises as Q3 profit jumps 26% on trading boost ** Lemonade Inc LMND.N: down 5.9% BUZZ-Lemonade falls as Credit Suisse starts with 'underperform' on valuation ** Bloom Energy BE.N: down 9.8% BUZZ-Bloom Energy drops after Morgan Stanley prices another big block ** Anavex AVXL.O: up 15.7% BUZZ- Surges on positive data from Parkinson's disease dementia drug study ** Appian Corp APPN.O: down 4.1% BUZZ- Berenberg downgrades to 'hold', shares down ** SI-Bone Inc SIBN.O: down 0.3% BUZZ- Slips on equity offering ** Translate Bio TBIO.O: up 1.6% BUZZ- Rises as co to begin human trials of COVID-19 vaccine in Q4 ** Eiger BioPharma EIGR.O: up 14.7% BUZZ- Up on positive data from COVID-19 study ** Armata Pharma ARMP.A: up 11.7% BUZZ- Up on FDA nod for human trial of bacterial infections treatment ** Sonos Inc SONO.O: up 4.1% BUZZ- Rises as BofA upgrades to 'buy', says Apple reaction overdone ** Aphria Inc APHA.O: down 18.1%
BUZZ- Tumbles on revenue miss, drags pot stocks ** Occidental Petroleum OXY.N: down 1.6% ** Valero Energy VLO.N: down 4.0% ** Marathon Petroleum MPC.N: down 2.3% ** ONEOK OKE.N: down 2.9% ** Exxon Mobil XOM.N: down 0.7% ** Chevron Corp CVX.N: down 0.4%
BUZZ- Oil and gas cos fall as crude prices tumble after new lockdown measures ** Charles Schwab SCHW.N: up 3.6%
BUZZ- Up as Q3 results top estimates
** Leaf Group LEAF.N: down 15.6%
BUZZ-Leaf Group files for secondary stock offering, shares drop ** Twitter Inc TWTR.N: down 2.7%
BUZZ- Drops as Trump hints at possible suit if campaign account blocked ** SPI Energy SPI.O: up 31.5%
BUZZ- Rises on electric-vehicle JV with Shaanxi Tongjia Auto
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.97%
Consumer Discretionary
.SPLRCD
down 0.68%
Consumer Staples
.SPLRCS
down 0.33%
Energy
.SPNY
down 0.82%
Financial
.SPSY
down 0.02%
Health
.SPXHC
down 0.91%
Industrial
.SPLRCI
down 0.59%
Information Technology
.SPLRCT
down 1.16%
Materials
.SPLRCM
down 0.89%
Real Estate
.SPLRCR
up 0.44%
Utilities
.SPLRCU
down 0.53%
(Compiled by Dania Nadeem in Bengaluru)
((Dania.Nadeem@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** The Charles Schwab Corp , up 3.6% ** Walgreens Boots Alliance Inc , up 3% ** Under Armour Inc , up 2.5% The top three S&P 500 .PL.INX percentage losers: ** Vertex Pharma , down 21.4% ** United Airlines Holdings Inc , down 4.3% ** Valero Energy Corp , down 4% The top two NYSE .PG.N percentage gainers: ** Cars.Com Inc , up 16.5% ** U.S. Xpress Enterprises Inc , up 8.6% The top two NYSE .PL.N percentage losers: ** Fastly Inc , down 23.2% ** Leaf Group Ltd , down 15.6% The top three Nasdaq .PG.O percentage gainers: ** Huttig Building Products Inc , up 36.1% ** SPI Energy Co , up 31.5% ** Eastern Bankshares Inc , up 22.1% The top three Nasdaq .PL.O percentage losers: ** VivoPower International PLC , down 23.4% ** Vertex Pharmaceuticals Incorp , down 21.4% ** Aphria Inc , down 18.1% ** Vertex VRTX.O: down 21.4% BUZZ- Drops on scrapping trial of deficiency disorder treatment ** United Airlines UAL.O: down 4.3% BUZZ- Dips on bigger-than-expected loss, but cash burn slows ** Organogenesis Holdings ORGO.O: up 21.4% BUZZ- Jumps on forecasting Q3 revenue above Wall Street estimates ** NantKwest NK.O: up 2.4% BUZZ- Up as COVID-19 vaccine development partner gets FDA nod for trial ** Fastly FSLY.N: down 23.2% BUZZ- In slow lane as falling TikTok usage bites ** Walgreens WBA.O: up 3.0% BUZZ- Rises on Q4 profit beat, rosy profit view for 2021 ** VivoPower VVPR.O: down 23.4% BUZZ- Falls on $25 mln stock deal ** Roku Inc ROKU.O: down 2.2% BUZZ- Keybanc raises concerns over international expansion, downgrades to 'sector weight' ** United Airlines UAL.O: down 4.3% ** American Airlines AAL.O: down 1.7% ** Delta Air Lines DAL.N: down 1.8% ** Spirit Airlines SAVE.N: down 2.3% ** Southwest Airlines LUV.N: down 1.9% BUZZ-U.S. airlines fall on United's downbeat Q3, stimulus uncertainty L4N2GE3M5 ** Morgan Stanley MS.N: up 1.1% BUZZ- Rises as Q3 profit jumps 26% on trading boost ** Lemonade Inc LMND.N: down 5.9% BUZZ-Lemonade falls as Credit Suisse starts with 'underperform' on valuation ** Bloom Energy BE.N: down 9.8% BUZZ-Bloom Energy drops after Morgan Stanley prices another big block ** Anavex AVXL.O: up 15.7% BUZZ- Surges on positive data from Parkinson's disease dementia drug study ** Appian Corp APPN.O: down 4.1% BUZZ- Berenberg downgrades to 'hold', shares down ** SI-Bone Inc SIBN.O: down 0.3% BUZZ- Slips on equity offering ** Translate Bio TBIO.O: up 1.6% BUZZ- Rises as co to begin human trials of COVID-19 vaccine in Q4 ** Eiger BioPharma EIGR.O: up 14.7% BUZZ- Up on positive data from COVID-19 study ** Armata Pharma ARMP.A: up 11.7% BUZZ- Up on FDA nod for human trial of bacterial infections treatment ** Sonos Inc SONO.O: up 4.1% BUZZ- Rises as BofA upgrades to 'buy', says Apple reaction overdone ** Aphria Inc APHA.O: down 18.1% BUZZ- Tumbles on revenue miss, drags pot stocks ** Occidental Petroleum OXY.N: down 1.6% ** Valero Energy VLO.N: down 4.0% ** Marathon Petroleum MPC.N: down 2.3% ** ONEOK OKE.N: down 2.9% ** Exxon Mobil XOM.N: down 0.7% ** Chevron Corp CVX.N: down 0.4% BUZZ- Oil and gas cos fall as crude prices tumble after new lockdown measures ** Charles Schwab SCHW.N: up 3.6% BUZZ- Up as Q3 results top estimates ** Leaf Group LEAF.N: down 15.6% BUZZ-Leaf Group files for secondary stock offering, shares drop ** Twitter Inc TWTR.N: down 2.7% BUZZ- Drops as Trump hints at possible suit if campaign account blocked ** SPI Energy SPI.O: up 31.5% BUZZ- Rises on electric-vehicle JV with Shaanxi Tongjia Auto 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 U.S. stocks dropped on Thursday as an unexpected rise in weekly jobless claims compounded fears of a stalling economic recovery, against the backdrop of dimming hopes for more fiscal aid before the election. .N At 11:32 ET, the Dow Jones Industrial Average .DJI was down 0.58% at 28,349.52, the S&P 500 .SPX had slipped 0.75% to 3,462.36 and the Nasdaq Composite .IXIC had dropped 1.08% to 11,641.865.
|
The top three S&P 500 .PG.INX percentage gainers: ** The Charles Schwab Corp , up 3.6% ** Walgreens Boots Alliance Inc , up 3% ** Under Armour Inc , up 2.5% The top three S&P 500 .PL.INX percentage losers: ** Vertex Pharma , down 21.4% ** United Airlines Holdings Inc , down 4.3% ** Valero Energy Corp , down 4% The top two NYSE .PG.N percentage gainers: ** Cars.Com Inc , up 16.5% ** U.S. Xpress Enterprises Inc , up 8.6% The top two NYSE .PL.N percentage losers: ** Fastly Inc , down 23.2% ** Leaf Group Ltd , down 15.6% The top three Nasdaq .PG.O percentage gainers: ** Huttig Building Products Inc , up 36.1% ** SPI Energy Co , up 31.5% ** Eastern Bankshares Inc , up 22.1% The top three Nasdaq .PL.O percentage losers: ** VivoPower International PLC , down 23.4% ** Vertex Pharmaceuticals Incorp , down 21.4% ** Aphria Inc , down 18.1% ** Vertex VRTX.O: down 21.4% BUZZ- Drops on scrapping trial of deficiency disorder treatment ** United Airlines UAL.O: down 4.3% BUZZ- Dips on bigger-than-expected loss, but cash burn slows ** Organogenesis Holdings ORGO.O: up 21.4% BUZZ- Jumps on forecasting Q3 revenue above Wall Street estimates ** NantKwest NK.O: up 2.4% BUZZ- Up as COVID-19 vaccine development partner gets FDA nod for trial ** Fastly FSLY.N: down 23.2% BUZZ- In slow lane as falling TikTok usage bites ** Walgreens WBA.O: up 3.0% BUZZ- Rises on Q4 profit beat, rosy profit view for 2021 ** VivoPower VVPR.O: down 23.4% BUZZ- Falls on $25 mln stock deal ** Roku Inc ROKU.O: down 2.2% BUZZ- Keybanc raises concerns over international expansion, downgrades to 'sector weight' ** United Airlines UAL.O: down 4.3% ** American Airlines AAL.O: down 1.7% ** Delta Air Lines DAL.N: down 1.8% ** Spirit Airlines SAVE.N: down 2.3% ** Southwest Airlines LUV.N: down 1.9% BUZZ-U.S. airlines fall on United's downbeat Q3, stimulus uncertainty L4N2GE3M5 ** Morgan Stanley MS.N: up 1.1% BUZZ- Rises as Q3 profit jumps 26% on trading boost ** Lemonade Inc LMND.N: down 5.9% BUZZ-Lemonade falls as Credit Suisse starts with 'underperform' on valuation ** Bloom Energy BE.N: down 9.8% BUZZ-Bloom Energy drops after Morgan Stanley prices another big block ** Anavex AVXL.O: up 15.7% BUZZ- Surges on positive data from Parkinson's disease dementia drug study ** Appian Corp APPN.O: down 4.1% BUZZ- Berenberg downgrades to 'hold', shares down ** SI-Bone Inc SIBN.O: down 0.3% BUZZ- Slips on equity offering ** Translate Bio TBIO.O: up 1.6% BUZZ- Rises as co to begin human trials of COVID-19 vaccine in Q4 ** Eiger BioPharma EIGR.O: up 14.7% BUZZ- Up on positive data from COVID-19 study ** Armata Pharma ARMP.A: up 11.7% BUZZ- Up on FDA nod for human trial of bacterial infections treatment ** Sonos Inc SONO.O: up 4.1% BUZZ- Rises as BofA upgrades to 'buy', says Apple reaction overdone ** Aphria Inc APHA.O: down 18.1% BUZZ- Tumbles on revenue miss, drags pot stocks ** Occidental Petroleum OXY.N: down 1.6% ** Valero Energy VLO.N: down 4.0% ** Marathon Petroleum MPC.N: down 2.3% ** ONEOK OKE.N: down 2.9% ** Exxon Mobil XOM.N: down 0.7% ** Chevron Corp CVX.N: down 0.4% BUZZ- Oil and gas cos fall as crude prices tumble after new lockdown measures ** Charles Schwab SCHW.N: up 3.6% BUZZ- Up as Q3 results top estimates ** Leaf Group LEAF.N: down 15.6% BUZZ-Leaf Group files for secondary stock offering, shares drop ** Twitter Inc TWTR.N: down 2.7% BUZZ- Drops as Trump hints at possible suit if campaign account blocked ** SPI Energy SPI.O: up 31.5% BUZZ- Rises on electric-vehicle JV with Shaanxi Tongjia Auto 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 U.S. stocks dropped on Thursday as an unexpected rise in weekly jobless claims compounded fears of a stalling economic recovery, against the backdrop of dimming hopes for more fiscal aid before the election. down 0.53% (Compiled by Dania Nadeem in Bengaluru) ((Dania.Nadeem@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** The Charles Schwab Corp , up 3.6% ** Walgreens Boots Alliance Inc , up 3% ** Under Armour Inc , up 2.5% The top three S&P 500 .PL.INX percentage losers: ** Vertex Pharma , down 21.4% ** United Airlines Holdings Inc , down 4.3% ** Valero Energy Corp , down 4% The top two NYSE .PG.N percentage gainers: ** Cars.Com Inc , up 16.5% ** U.S. Xpress Enterprises Inc , up 8.6% The top two NYSE .PL.N percentage losers: ** Fastly Inc , down 23.2% ** Leaf Group Ltd , down 15.6% The top three Nasdaq .PG.O percentage gainers: ** Huttig Building Products Inc , up 36.1% ** SPI Energy Co , up 31.5% ** Eastern Bankshares Inc , up 22.1% The top three Nasdaq .PL.O percentage losers: ** VivoPower International PLC , down 23.4% ** Vertex Pharmaceuticals Incorp , down 21.4% ** Aphria Inc , down 18.1% ** Vertex VRTX.O: down 21.4% BUZZ- Drops on scrapping trial of deficiency disorder treatment ** United Airlines UAL.O: down 4.3% BUZZ- Dips on bigger-than-expected loss, but cash burn slows ** Organogenesis Holdings ORGO.O: up 21.4% BUZZ- Jumps on forecasting Q3 revenue above Wall Street estimates ** NantKwest NK.O: up 2.4% BUZZ- Up as COVID-19 vaccine development partner gets FDA nod for trial ** Fastly FSLY.N: down 23.2% BUZZ- In slow lane as falling TikTok usage bites ** Walgreens WBA.O: up 3.0% BUZZ- Rises on Q4 profit beat, rosy profit view for 2021 ** VivoPower VVPR.O: down 23.4% BUZZ- Falls on $25 mln stock deal ** Roku Inc ROKU.O: down 2.2% BUZZ- Keybanc raises concerns over international expansion, downgrades to 'sector weight' ** United Airlines UAL.O: down 4.3% ** American Airlines AAL.O: down 1.7% ** Delta Air Lines DAL.N: down 1.8% ** Spirit Airlines SAVE.N: down 2.3% ** Southwest Airlines LUV.N: down 1.9% BUZZ-U.S. airlines fall on United's downbeat Q3, stimulus uncertainty L4N2GE3M5 ** Morgan Stanley MS.N: up 1.1% BUZZ- Rises as Q3 profit jumps 26% on trading boost ** Lemonade Inc LMND.N: down 5.9% BUZZ-Lemonade falls as Credit Suisse starts with 'underperform' on valuation ** Bloom Energy BE.N: down 9.8% BUZZ-Bloom Energy drops after Morgan Stanley prices another big block ** Anavex AVXL.O: up 15.7% BUZZ- Surges on positive data from Parkinson's disease dementia drug study ** Appian Corp APPN.O: down 4.1% BUZZ- Berenberg downgrades to 'hold', shares down ** SI-Bone Inc SIBN.O: down 0.3% BUZZ- Slips on equity offering ** Translate Bio TBIO.O: up 1.6% BUZZ- Rises as co to begin human trials of COVID-19 vaccine in Q4 ** Eiger BioPharma EIGR.O: up 14.7% BUZZ- Up on positive data from COVID-19 study ** Armata Pharma ARMP.A: up 11.7% BUZZ- Up on FDA nod for human trial of bacterial infections treatment ** Sonos Inc SONO.O: up 4.1% BUZZ- Rises as BofA upgrades to 'buy', says Apple reaction overdone ** Aphria Inc APHA.O: down 18.1% BUZZ- Tumbles on revenue miss, drags pot stocks ** Occidental Petroleum OXY.N: down 1.6% ** Valero Energy VLO.N: down 4.0% ** Marathon Petroleum MPC.N: down 2.3% ** ONEOK OKE.N: down 2.9% ** Exxon Mobil XOM.N: down 0.7% ** Chevron Corp CVX.N: down 0.4% BUZZ- Oil and gas cos fall as crude prices tumble after new lockdown measures ** Charles Schwab SCHW.N: up 3.6% BUZZ- Up as Q3 results top estimates ** Leaf Group LEAF.N: down 15.6% BUZZ-Leaf Group files for secondary stock offering, shares drop ** Twitter Inc TWTR.N: down 2.7% BUZZ- Drops as Trump hints at possible suit if campaign account blocked ** SPI Energy SPI.O: up 31.5% BUZZ- Rises on electric-vehicle JV with Shaanxi Tongjia Auto The 11 major S&P 500 sectors: Communication Services down 0.97% Consumer Discretionary down 0.68% Consumer Staples
|
The top three S&P 500 .PG.INX percentage gainers: ** The Charles Schwab Corp , up 3.6% ** Walgreens Boots Alliance Inc , up 3% ** Under Armour Inc , up 2.5% The top three S&P 500 .PL.INX percentage losers: ** Vertex Pharma , down 21.4% ** United Airlines Holdings Inc , down 4.3% ** Valero Energy Corp , down 4% The top two NYSE .PG.N percentage gainers: ** Cars.Com Inc , up 16.5% ** U.S. Xpress Enterprises Inc , up 8.6% The top two NYSE .PL.N percentage losers: ** Fastly Inc , down 23.2% ** Leaf Group Ltd , down 15.6% The top three Nasdaq .PG.O percentage gainers: ** Huttig Building Products Inc , up 36.1% ** SPI Energy Co , up 31.5% ** Eastern Bankshares Inc , up 22.1% The top three Nasdaq .PL.O percentage losers: ** VivoPower International PLC , down 23.4% ** Vertex Pharmaceuticals Incorp , down 21.4% ** Aphria Inc , down 18.1% ** Vertex VRTX.O: down 21.4% BUZZ- Drops on scrapping trial of deficiency disorder treatment ** United Airlines UAL.O: down 4.3% BUZZ- Dips on bigger-than-expected loss, but cash burn slows ** Organogenesis Holdings ORGO.O: up 21.4% BUZZ- Jumps on forecasting Q3 revenue above Wall Street estimates ** NantKwest NK.O: up 2.4% BUZZ- Up as COVID-19 vaccine development partner gets FDA nod for trial ** Fastly FSLY.N: down 23.2% BUZZ- In slow lane as falling TikTok usage bites ** Walgreens WBA.O: up 3.0% BUZZ- Rises on Q4 profit beat, rosy profit view for 2021 ** VivoPower VVPR.O: down 23.4% BUZZ- Falls on $25 mln stock deal ** Roku Inc ROKU.O: down 2.2% BUZZ- Keybanc raises concerns over international expansion, downgrades to 'sector weight' ** United Airlines UAL.O: down 4.3% ** American Airlines AAL.O: down 1.7% ** Delta Air Lines DAL.N: down 1.8% ** Spirit Airlines SAVE.N: down 2.3% ** Southwest Airlines LUV.N: down 1.9% BUZZ-U.S. airlines fall on United's downbeat Q3, stimulus uncertainty L4N2GE3M5 ** Morgan Stanley MS.N: up 1.1% BUZZ- Rises as Q3 profit jumps 26% on trading boost ** Lemonade Inc LMND.N: down 5.9% BUZZ-Lemonade falls as Credit Suisse starts with 'underperform' on valuation ** Bloom Energy BE.N: down 9.8% BUZZ-Bloom Energy drops after Morgan Stanley prices another big block ** Anavex AVXL.O: up 15.7% BUZZ- Surges on positive data from Parkinson's disease dementia drug study ** Appian Corp APPN.O: down 4.1% BUZZ- Berenberg downgrades to 'hold', shares down ** SI-Bone Inc SIBN.O: down 0.3% BUZZ- Slips on equity offering ** Translate Bio TBIO.O: up 1.6% BUZZ- Rises as co to begin human trials of COVID-19 vaccine in Q4 ** Eiger BioPharma EIGR.O: up 14.7% BUZZ- Up on positive data from COVID-19 study ** Armata Pharma ARMP.A: up 11.7% BUZZ- Up on FDA nod for human trial of bacterial infections treatment ** Sonos Inc SONO.O: up 4.1% BUZZ- Rises as BofA upgrades to 'buy', says Apple reaction overdone ** Aphria Inc APHA.O: down 18.1% BUZZ- Tumbles on revenue miss, drags pot stocks ** Occidental Petroleum OXY.N: down 1.6% ** Valero Energy VLO.N: down 4.0% ** Marathon Petroleum MPC.N: down 2.3% ** ONEOK OKE.N: down 2.9% ** Exxon Mobil XOM.N: down 0.7% ** Chevron Corp CVX.N: down 0.4% BUZZ- Oil and gas cos fall as crude prices tumble after new lockdown measures ** Charles Schwab SCHW.N: up 3.6% BUZZ- Up as Q3 results top estimates ** Leaf Group LEAF.N: down 15.6% BUZZ-Leaf Group files for secondary stock offering, shares drop ** Twitter Inc TWTR.N: down 2.7% BUZZ- Drops as Trump hints at possible suit if campaign account blocked ** SPI Energy SPI.O: up 31.5% BUZZ- Rises on electric-vehicle JV with Shaanxi Tongjia Auto 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 U.S. stocks dropped on Thursday as an unexpected rise in weekly jobless claims compounded fears of a stalling economic recovery, against the backdrop of dimming hopes for more fiscal aid before the election. .N At 11:32 ET, the Dow Jones Industrial Average .DJI was down 0.58% at 28,349.52, the S&P 500 .SPX had slipped 0.75% to 3,462.36 and the Nasdaq Composite .IXIC had dropped 1.08% to 11,641.865.
|
5152.0
|
2020-10-15 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-Fastly, Anavex, VivoPower, NantKwest
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-fastly-anavex-vivopower-nantkwest-2020-10-15
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stock index futures dropped on Thursday as an unexpected rise in weekly jobless claims exacerbated fears of a stalling economic recovery a day after Treasury Secretary Steven Mnuchin dashed hopes for more fiscal aid before the election. .N
At 8:43 ET, Dow e-minis 1YMc1 were down 1.16% at 28,085, S&P 500 e-minis ESc1 were down 1.21% at 3,439, and Nasdaq 100 e-minis NQc1 were down 1.60% at 11,783. The top two NYSE percentage gainers premarket .PRPG.NQ: ** Pennsylvania Real Estate Investment Trust , up 29.4% ** Cars.Com Inc , up 17.2% The top three NYSE percentage losers premarket .PRPL.NQ: ** Fastly Inc , down 29.2% ** Dillard's Inc , down 13.2% ** Cloudflare Inc , down 9.8% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Staffing 360 Solutions Inc , up 111.2% ** Spi Energy Co Ltd , up 81.8% ** Hudson Capital Inc , up 34.1% The top three Nasdaq percentage losers premarket .PRPL.O: ** Kaixin Auto Holdings , down 37.4% ** Medalist Diversified Reit Inc , down 22.8% ** Artelo Biosciences Inc , down 20.4% ** Vertex VRTX.O: down 12% premarket BUZZ- Drops on scrapping trial of deficiency disorder treatment ** United Airlines UAL.O: down 1.2% premarket BUZZ- Dips on bigger-than-expected loss, but cash burn slows ** Organogenesis Holdings ORGO.O: up 18.5% premarket BUZZ- Jumps on forecasting Q3 revenue above Wall Street estimates ** NantKwest NK.O: up 6.2% premarket BUZZ- Up as COVID-19 vaccine development partner gets FDA nod for trial ** Fastly FSLY.N: down 29.2% premarket BUZZ-Fastly in slow lane as falling TikTok usage bites ** Walgreens WBA.O: up 1.2% premarket BUZZ- Rises on Q4 profit beat, rosy profit view for 2021 ** VivoPower VVPR.O: down 16.4% premarket BUZZ- Falls on $25 mln stock deal ** Roku Inc ROKU.O: down 3.8% premarket BUZZ- Keybanc raises concerns over international expansion, downgrades to 'sector weight' ** United Airlines UAL.O: down 1.2% premarket ** American Airlines AAL.O: down 1.6% premarket ** Delta Air Lines DAL.N: down 1.6% premarket ** Spirit Airlines SAVE.N: down 0.9% premarket ** Southwest Airlines LUV.N: down 1.1% premarket BUZZ-U.S. airlines fall on United's downbeat Q3, stimulus uncertainty L4N2GE3M5 ** Lemonade Inc LMND.N: down 4.9% premarket BUZZ- Falls as Credit Suisse starts with 'underperform' on valuation ** Bloom Energy BE.N: down 7.5% premarket BUZZ-Bloom Energy drops after Morgan Stanley prices another big block ** Anavex AVXL.O: up 15.4% premarket BUZZ- Surges on positive data from Parkinson's disease dementia drug study ** Appian Corp APPN.O: down 5.7% premarket BUZZ- Berenberg downgrades to 'hold', shares down
(Compiled by Dania Nadeem in Bengaluru)
((Dania.Nadeem@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.
|
The top two NYSE percentage gainers premarket .PRPG.NQ: ** Pennsylvania Real Estate Investment Trust , up 29.4% ** Cars.Com Inc , up 17.2% The top three NYSE percentage losers premarket .PRPL.NQ: ** Fastly Inc , down 29.2% ** Dillard's Inc , down 13.2% ** Cloudflare Inc , down 9.8% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Staffing 360 Solutions Inc , up 111.2% ** Spi Energy Co Ltd , up 81.8% ** Hudson Capital Inc , up 34.1% The top three Nasdaq percentage losers premarket .PRPL.O: ** Kaixin Auto Holdings , down 37.4% ** Medalist Diversified Reit Inc , down 22.8% ** Artelo Biosciences Inc , down 20.4% ** Vertex VRTX.O: down 12% premarket BUZZ- Drops on scrapping trial of deficiency disorder treatment ** United Airlines UAL.O: down 1.2% premarket BUZZ- Dips on bigger-than-expected loss, but cash burn slows ** Organogenesis Holdings ORGO.O: up 18.5% premarket BUZZ- Jumps on forecasting Q3 revenue above Wall Street estimates ** NantKwest NK.O: up 6.2% premarket BUZZ- Up as COVID-19 vaccine development partner gets FDA nod for trial ** Fastly FSLY.N: down 29.2% premarket BUZZ-Fastly in slow lane as falling TikTok usage bites ** Walgreens WBA.O: up 1.2% premarket BUZZ- Rises on Q4 profit beat, rosy profit view for 2021 ** VivoPower VVPR.O: down 16.4% premarket BUZZ- Falls on $25 mln stock deal ** Roku Inc ROKU.O: down 3.8% premarket BUZZ- Keybanc raises concerns over international expansion, downgrades to 'sector weight' ** United Airlines UAL.O: down 1.2% premarket ** American Airlines AAL.O: down 1.6% premarket ** Delta Air Lines DAL.N: down 1.6% premarket ** Spirit Airlines SAVE.N: down 0.9% premarket ** Southwest Airlines LUV.N: down 1.1% premarket BUZZ-U.S. airlines fall on United's downbeat Q3, stimulus uncertainty L4N2GE3M5 ** Lemonade Inc LMND.N: down 4.9% premarket BUZZ- Falls as Credit Suisse starts with 'underperform' on valuation ** Bloom Energy BE.N: down 7.5% premarket BUZZ-Bloom Energy drops after Morgan Stanley prices another big block ** Anavex AVXL.O: up 15.4% premarket BUZZ- Surges on positive data from Parkinson's disease dementia drug study ** Appian Corp APPN.O: down 5.7% premarket BUZZ- Berenberg downgrades to 'hold', shares down (Compiled by Dania Nadeem in Bengaluru) ((Dania.Nadeem@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 dropped on Thursday as an unexpected rise in weekly jobless claims exacerbated fears of a stalling economic recovery a day after Treasury Secretary Steven Mnuchin dashed hopes for more fiscal aid before the election. .N At 8:43 ET, Dow e-minis 1YMc1 were down 1.16% at 28,085, S&P 500 e-minis ESc1 were down 1.21% at 3,439, and Nasdaq 100 e-minis NQc1 were down 1.60% at 11,783.
|
The top two NYSE percentage gainers premarket .PRPG.NQ: ** Pennsylvania Real Estate Investment Trust , up 29.4% ** Cars.Com Inc , up 17.2% The top three NYSE percentage losers premarket .PRPL.NQ: ** Fastly Inc , down 29.2% ** Dillard's Inc , down 13.2% ** Cloudflare Inc , down 9.8% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Staffing 360 Solutions Inc , up 111.2% ** Spi Energy Co Ltd , up 81.8% ** Hudson Capital Inc , up 34.1% The top three Nasdaq percentage losers premarket .PRPL.O: ** Kaixin Auto Holdings , down 37.4% ** Medalist Diversified Reit Inc , down 22.8% ** Artelo Biosciences Inc , down 20.4% ** Vertex VRTX.O: down 12% premarket BUZZ- Drops on scrapping trial of deficiency disorder treatment ** United Airlines UAL.O: down 1.2% premarket BUZZ- Dips on bigger-than-expected loss, but cash burn slows ** Organogenesis Holdings ORGO.O: up 18.5% premarket BUZZ- Jumps on forecasting Q3 revenue above Wall Street estimates ** NantKwest NK.O: up 6.2% premarket BUZZ- Up as COVID-19 vaccine development partner gets FDA nod for trial ** Fastly FSLY.N: down 29.2% premarket BUZZ-Fastly in slow lane as falling TikTok usage bites ** Walgreens WBA.O: up 1.2% premarket BUZZ- Rises on Q4 profit beat, rosy profit view for 2021 ** VivoPower VVPR.O: down 16.4% premarket BUZZ- Falls on $25 mln stock deal ** Roku Inc ROKU.O: down 3.8% premarket BUZZ- Keybanc raises concerns over international expansion, downgrades to 'sector weight' ** United Airlines UAL.O: down 1.2% premarket ** American Airlines AAL.O: down 1.6% premarket ** Delta Air Lines DAL.N: down 1.6% premarket ** Spirit Airlines SAVE.N: down 0.9% premarket ** Southwest Airlines LUV.N: down 1.1% premarket BUZZ-U.S. airlines fall on United's downbeat Q3, stimulus uncertainty L4N2GE3M5 ** Lemonade Inc LMND.N: down 4.9% premarket BUZZ- Falls as Credit Suisse starts with 'underperform' on valuation ** Bloom Energy BE.N: down 7.5% premarket BUZZ-Bloom Energy drops after Morgan Stanley prices another big block ** Anavex AVXL.O: up 15.4% premarket BUZZ- Surges on positive data from Parkinson's disease dementia drug study ** Appian Corp APPN.O: down 5.7% premarket BUZZ- Berenberg downgrades to 'hold', shares down (Compiled by Dania Nadeem in Bengaluru) ((Dania.Nadeem@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 dropped on Thursday as an unexpected rise in weekly jobless claims exacerbated fears of a stalling economic recovery a day after Treasury Secretary Steven Mnuchin dashed hopes for more fiscal aid before the election. .N At 8:43 ET, Dow e-minis 1YMc1 were down 1.16% at 28,085, S&P 500 e-minis ESc1 were down 1.21% at 3,439, and Nasdaq 100 e-minis NQc1 were down 1.60% at 11,783.
|
The top two NYSE percentage gainers premarket .PRPG.NQ: ** Pennsylvania Real Estate Investment Trust , up 29.4% ** Cars.Com Inc , up 17.2% The top three NYSE percentage losers premarket .PRPL.NQ: ** Fastly Inc , down 29.2% ** Dillard's Inc , down 13.2% ** Cloudflare Inc , down 9.8% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Staffing 360 Solutions Inc , up 111.2% ** Spi Energy Co Ltd , up 81.8% ** Hudson Capital Inc , up 34.1% The top three Nasdaq percentage losers premarket .PRPL.O: ** Kaixin Auto Holdings , down 37.4% ** Medalist Diversified Reit Inc , down 22.8% ** Artelo Biosciences Inc , down 20.4% ** Vertex VRTX.O: down 12% premarket BUZZ- Drops on scrapping trial of deficiency disorder treatment ** United Airlines UAL.O: down 1.2% premarket BUZZ- Dips on bigger-than-expected loss, but cash burn slows ** Organogenesis Holdings ORGO.O: up 18.5% premarket BUZZ- Jumps on forecasting Q3 revenue above Wall Street estimates ** NantKwest NK.O: up 6.2% premarket BUZZ- Up as COVID-19 vaccine development partner gets FDA nod for trial ** Fastly FSLY.N: down 29.2% premarket BUZZ-Fastly in slow lane as falling TikTok usage bites ** Walgreens WBA.O: up 1.2% premarket BUZZ- Rises on Q4 profit beat, rosy profit view for 2021 ** VivoPower VVPR.O: down 16.4% premarket BUZZ- Falls on $25 mln stock deal ** Roku Inc ROKU.O: down 3.8% premarket BUZZ- Keybanc raises concerns over international expansion, downgrades to 'sector weight' ** United Airlines UAL.O: down 1.2% premarket ** American Airlines AAL.O: down 1.6% premarket ** Delta Air Lines DAL.N: down 1.6% premarket ** Spirit Airlines SAVE.N: down 0.9% premarket ** Southwest Airlines LUV.N: down 1.1% premarket BUZZ-U.S. airlines fall on United's downbeat Q3, stimulus uncertainty L4N2GE3M5 ** Lemonade Inc LMND.N: down 4.9% premarket BUZZ- Falls as Credit Suisse starts with 'underperform' on valuation ** Bloom Energy BE.N: down 7.5% premarket BUZZ-Bloom Energy drops after Morgan Stanley prices another big block ** Anavex AVXL.O: up 15.4% premarket BUZZ- Surges on positive data from Parkinson's disease dementia drug study ** Appian Corp APPN.O: down 5.7% premarket BUZZ- Berenberg downgrades to 'hold', shares down (Compiled by Dania Nadeem in Bengaluru) ((Dania.Nadeem@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 dropped on Thursday as an unexpected rise in weekly jobless claims exacerbated fears of a stalling economic recovery a day after Treasury Secretary Steven Mnuchin dashed hopes for more fiscal aid before the election. .N At 8:43 ET, Dow e-minis 1YMc1 were down 1.16% at 28,085, S&P 500 e-minis ESc1 were down 1.21% at 3,439, and Nasdaq 100 e-minis NQc1 were down 1.60% at 11,783.
|
The top two NYSE percentage gainers premarket .PRPG.NQ: ** Pennsylvania Real Estate Investment Trust , up 29.4% ** Cars.Com Inc , up 17.2% The top three NYSE percentage losers premarket .PRPL.NQ: ** Fastly Inc , down 29.2% ** Dillard's Inc , down 13.2% ** Cloudflare Inc , down 9.8% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Staffing 360 Solutions Inc , up 111.2% ** Spi Energy Co Ltd , up 81.8% ** Hudson Capital Inc , up 34.1% The top three Nasdaq percentage losers premarket .PRPL.O: ** Kaixin Auto Holdings , down 37.4% ** Medalist Diversified Reit Inc , down 22.8% ** Artelo Biosciences Inc , down 20.4% ** Vertex VRTX.O: down 12% premarket BUZZ- Drops on scrapping trial of deficiency disorder treatment ** United Airlines UAL.O: down 1.2% premarket BUZZ- Dips on bigger-than-expected loss, but cash burn slows ** Organogenesis Holdings ORGO.O: up 18.5% premarket BUZZ- Jumps on forecasting Q3 revenue above Wall Street estimates ** NantKwest NK.O: up 6.2% premarket BUZZ- Up as COVID-19 vaccine development partner gets FDA nod for trial ** Fastly FSLY.N: down 29.2% premarket BUZZ-Fastly in slow lane as falling TikTok usage bites ** Walgreens WBA.O: up 1.2% premarket BUZZ- Rises on Q4 profit beat, rosy profit view for 2021 ** VivoPower VVPR.O: down 16.4% premarket BUZZ- Falls on $25 mln stock deal ** Roku Inc ROKU.O: down 3.8% premarket BUZZ- Keybanc raises concerns over international expansion, downgrades to 'sector weight' ** United Airlines UAL.O: down 1.2% premarket ** American Airlines AAL.O: down 1.6% premarket ** Delta Air Lines DAL.N: down 1.6% premarket ** Spirit Airlines SAVE.N: down 0.9% premarket ** Southwest Airlines LUV.N: down 1.1% premarket BUZZ-U.S. airlines fall on United's downbeat Q3, stimulus uncertainty L4N2GE3M5 ** Lemonade Inc LMND.N: down 4.9% premarket BUZZ- Falls as Credit Suisse starts with 'underperform' on valuation ** Bloom Energy BE.N: down 7.5% premarket BUZZ-Bloom Energy drops after Morgan Stanley prices another big block ** Anavex AVXL.O: up 15.4% premarket BUZZ- Surges on positive data from Parkinson's disease dementia drug study ** Appian Corp APPN.O: down 5.7% premarket BUZZ- Berenberg downgrades to 'hold', shares down (Compiled by Dania Nadeem in Bengaluru) ((Dania.Nadeem@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 dropped on Thursday as an unexpected rise in weekly jobless claims exacerbated fears of a stalling economic recovery a day after Treasury Secretary Steven Mnuchin dashed hopes for more fiscal aid before the election. .N At 8:43 ET, Dow e-minis 1YMc1 were down 1.16% at 28,085, S&P 500 e-minis ESc1 were down 1.21% at 3,439, and Nasdaq 100 e-minis NQc1 were down 1.60% at 11,783.
|
5153.0
|
2020-10-15 00:00:00 UTC
|
Robinhood Investors Might Be Violating Basic Allocation Rules
|
AAL
|
https://www.nasdaq.com/articles/robinhood-investors-might-be-violating-basic-allocation-rules-2020-10-15
|
nan
|
nan
|
Data indicates that Robinhood users, who are frequently learning how to invest in stocks, are piling disproportionately into a small number of risky strategies that violate important portfolio composition principles. The most popular stocks on the platform illustrate some clear purchasing trends that have yielded mixed results over the past six months.
However, even in those cases that have delivered favorable returns, a more nuanced analysis shows that investors may have taken on too much volatility to justify those gains.
Image source: Getty Images.
Robinhood became a lot more popular in April
Working from home and volatile market conditions fueled stock market participation in 2020, and Robinhood was one of the main beneficiaries, seeing its active user base grow from 10 million at the start of 2020 to 13 million in June. Robintrack.net, a site that published data from Robinhood's API through August, allowed the public to see which stocks were held by the largest number of account holders. This data didn't weight holdings according to value, but it still gave a great idea of the general trends that have been motivating retail investors and traders.
From April through August, the 10 most popular stocks on Robinhood remained largely unchanged. The list is comprised of GoPro (NASDAQ: GPRO), Carnival (NYSE: CCL), Tesla (NASDAQ: TSLA), Delta Air Lines (NYSE: DAL), Walt Disney (NYSE: DIS), Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), American Airlines (NASDAQ: AAL), General Electric (NYSE: GE), and Ford Motor (NYSE: F).
Robinhood investors are targeting momentum and deep value
Since activity started taking off in April, half of the top 10 stocks on Robinhood have been outpaced by indexes that investors can track easily, inexpensively, and in a diversified manner with exchange-traded funds (ETFs). Investors have targeted deep value in airlines Delta and American, while powerful brands GE, Disney, and Microsoft have also generated attention.
Among that group, only GE is down over the period, but investors would still have been better off simply owning the market than half of the Robinhood top ten stocks. The long narrative for these five stocks may well come to fruition in the near future, but holders have nonetheless incurred six months of opportunity cost during one of the hottest bull markets of all time.
Image source: YCharts.
Elsewhere in the Robinhood top ten list, investors are enjoying some high-flying winners, including Tesla, Apple, GoPro, Ford, and Carnival. These were great positions to ride during the current bull market, but the ownership data indicates that the vast majority of Robinhood investors were still holding these stocks without taking all those gains off the table as of August. Holders of these stocks should congratulate themselves on these wins and know that they've outperformed benchmark indexes. However, they should also be aware of associated volatility risks and some absolutely essential portfolio composition principles.
Image source: YCharts.
Returns are an essential aspect of performance, but not the only one
Lagging performance for half of the top ten list speaks for itself, and the investing community no doubt wants to see that number higher. Beyond that, it's easy for investors to fall victim to confirmation bias and ignoring process in favor of results when assessing the surging portion of the portfolio.
All five stocks in the top ten that delivered outperformance are relatively volatile names with five-year beta values ranging from 1.3 to 1.95. This shouldn't be surprising, because volatile stocks tend to deliver better returns during bull markets. There's absolutely nothing wrong with owning volatile stocks. It's important to have exposure to these sorts of positions in a growth portfolio, because they are engines for gains. However, volatility works both ways, and overweighting these equities can quickly eliminate returns when the market sours. Robinhood users had not exited these positions as of August, so an examination of risk-adjusted returns could be vital for those investors.
Long-term investing is based on business fundamentals, stock valuation, and a stock's performance outlook relative to others. Speculation, on the other hand, largely ignores fundamentals by shifting the focus to narrative guesswork and momentum. Speculators sacrifice some control over performance, and they usually rely on short-term market dynamics working in their favor. Meanwhile, fundamental investors know that long-term stock performance will reflect the financial results of the underlying company. Along the way, share values may fluctuate within any short-term window due to market dynamics, and this risk can be quantified with volatility metrics such as beta.
As a result, sophisticated investors often analyze returns relative to volatility, thus ensuring that gains aren't simply a result of riskier behavior during advantageous periods. The Sharpe ratio is a popular metric used for this purpose. It's not a flawless metric, but it can shed some light on performance. Indeed, Robinhood's highfliers look somewhat less exciting in this light. GoPro's 1.95 Sharpe ratio and Carnivals' 0.78 are outstripped by 2.98 for the S&P. Tesla's 3.34 is almost identical to that of the NASDAQ. Ford and Apple still look to have been worth the volatility at 3.91 and 3.41 respectively, but the gap between those stocks and simple index fund is much more narrow once returns are risk-adjusted
Hopefully, the swelling number of Robinhood accounts represent the speculative or playful portion of users' overall financial plans. If these are their primary equity holdings, they would be well-served realize some gains, diversify and consider the role of volatility in whatever returns they've delivered so far.
10 stocks we like better than Walmart
When investing geniuses David and Tom Gardner have an investing 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 Walmart 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 2/1/20
Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Ryan Downie has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple, Microsoft, Tesla, and Walt Disney. The Motley Fool recommends Carnival and Delta Air Lines and recommends the following options: long January 2021 $60 calls on Walt Disney, long January 2021 $85 calls on Microsoft, short January 2021 $115 calls on Microsoft, and short October 2020 $125 calls on Walt Disney. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The list is comprised of GoPro (NASDAQ: GPRO), Carnival (NYSE: CCL), Tesla (NASDAQ: TSLA), Delta Air Lines (NYSE: DAL), Walt Disney (NYSE: DIS), Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), American Airlines (NASDAQ: AAL), General Electric (NYSE: GE), and Ford Motor (NYSE: F). Data indicates that Robinhood users, who are frequently learning how to invest in stocks, are piling disproportionately into a small number of risky strategies that violate important portfolio composition principles. These were great positions to ride during the current bull market, but the ownership data indicates that the vast majority of Robinhood investors were still holding these stocks without taking all those gains off the table as of August.
|
The list is comprised of GoPro (NASDAQ: GPRO), Carnival (NYSE: CCL), Tesla (NASDAQ: TSLA), Delta Air Lines (NYSE: DAL), Walt Disney (NYSE: DIS), Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), American Airlines (NASDAQ: AAL), General Electric (NYSE: GE), and Ford Motor (NYSE: F). Robinhood investors are targeting momentum and deep value Since activity started taking off in April, half of the top 10 stocks on Robinhood have been outpaced by indexes that investors can track easily, inexpensively, and in a diversified manner with exchange-traded funds (ETFs). The Motley Fool recommends Carnival and Delta Air Lines and recommends the following options: long January 2021 $60 calls on Walt Disney, long January 2021 $85 calls on Microsoft, short January 2021 $115 calls on Microsoft, and short October 2020 $125 calls on Walt Disney.
|
The list is comprised of GoPro (NASDAQ: GPRO), Carnival (NYSE: CCL), Tesla (NASDAQ: TSLA), Delta Air Lines (NYSE: DAL), Walt Disney (NYSE: DIS), Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), American Airlines (NASDAQ: AAL), General Electric (NYSE: GE), and Ford Motor (NYSE: F). Robinhood became a lot more popular in April Working from home and volatile market conditions fueled stock market participation in 2020, and Robinhood was one of the main beneficiaries, seeing its active user base grow from 10 million at the start of 2020 to 13 million in June. Robinhood investors are targeting momentum and deep value Since activity started taking off in April, half of the top 10 stocks on Robinhood have been outpaced by indexes that investors can track easily, inexpensively, and in a diversified manner with exchange-traded funds (ETFs).
|
The list is comprised of GoPro (NASDAQ: GPRO), Carnival (NYSE: CCL), Tesla (NASDAQ: TSLA), Delta Air Lines (NYSE: DAL), Walt Disney (NYSE: DIS), Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), American Airlines (NASDAQ: AAL), General Electric (NYSE: GE), and Ford Motor (NYSE: F). These were great positions to ride during the current bull market, but the ownership data indicates that the vast majority of Robinhood investors were still holding these stocks without taking all those gains off the table as of August. This shouldn't be surprising, because volatile stocks tend to deliver better returns during bull markets.
|
5154.0
|
2020-10-14 00:00:00 UTC
|
In Spite of Everything, One Analyst Still Likes These 3 Airline Stocks
|
AAL
|
https://www.nasdaq.com/articles/in-spite-of-everything-one-analyst-still-likes-these-3-airline-stocks-2020-10-14
|
nan
|
nan
|
Airline earnings season kicked off with a bang, not a whimper, Tuesday morning -- but unfortunately, not the good kind of "bang." Industry leader Delta Air Lines (DAL) reported exploding losses of $3.30-per-share loss (analysts were only expecting $3, even), despite sales falling just below consensus estimates at $3.1 billion.
Nor are things improving rapidly. Q4 revenue projections remain down as much as 70% from a year ago.
At last report, Delta was burning through $24 million in cash per day. That's the bad news. The "good" news is that it's burning through only $24 million per day -- which works out to about $8.8 billion a year. At that rate, the company's $21.6 billion in liquidity should give Delta enough cash to survive any recession lasting less than two-and-a-half years. Thus, while Delta fears that a return to "normal" revenues is probably "two years or more" away, the company can still probably make it in under the wire.
Perhaps this is why, out of the entire airline industry, Susquehanna analyst Christopher N. Stathoulopoulos named Delta one of just two names that he still thinks are worthy of buying (i.e. rated "positive"). The analyst's second recommendation was Southwest Airlines (LUV) -- and we'll find out if it deserves that rating when Southwest reports its own earnings on Oct. 22 next week.
That same day, incidentally, we'll also see an earnings report from Alaska Airlines (ALK) as well. How will it perform? Here's a hint: Stathoulopoulos upgraded Alaska Air to become his third, and newest airline stock pick rated "positive."
Simultaneously, he downgraded American Airlines (AAL) -- which will also report Oct. 22 -- to "neutral."
Which brings us to the point of today's column: What to expect from all of these airlines going forward.
Suffice it to say that things are not going great in air travel-land. "The risk of a second wave of COVID-19, the 2020/21 flu season, no extension of [the government's Payroll Support Program supplementing airline employee salaries], the US presidential election, and related economic and civil unrest risk" are just a few of the problems Stathoulopoulos sees weighing on the sector, which have him thinking that risk is "skewed to the downside for the group."
As Stathoulopoulos sees it, air travel demand is going to remain significantly depressed for the next several quarters, beginning a "gradual" (his emphasis) recovery only in the second half of next year. Even then, recovery will come first to short-haul airlines flying mostly point-to-point routes, operating mainly within the continental United States, boasting strong balance sheets, and flying relatively newer (i.e. low cost) planes in fleets where a single model of airplane dominates the fleet.
The more of those boxes an airline can check, the better it should be for the airline's stock price, in Stathoulopoulos's opinion. And according to him, Delta, Southwest, and Alaska Air are the three airline stocks that best fit that bill at present.
Farther out, Stathoulopoulos -- like Delta -- sees a more or less full recovery of the airline industry to pre-pandemic levels no sooner than 2023. By that time, air traffic should be back up to 90% to 95% of 2019 levels at the legacy airlines. Discounters like Southwest, meanwhile, could actually see traffic above 2019 levels by 2023 -- and higher stock prices as well.
Using TipRanks’ Stock Comparison tool, we were able to evaluate these airline stocks alongside each other to get a sense of what the analyst community has to say.
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.
|
Simultaneously, he downgraded American Airlines (AAL) -- which will also report Oct. 22 -- to "neutral." At that rate, the company's $21.6 billion in liquidity should give Delta enough cash to survive any recession lasting less than two-and-a-half years. Here's a hint: Stathoulopoulos upgraded Alaska Air to become his third, and newest airline stock pick rated "positive."
|
Simultaneously, he downgraded American Airlines (AAL) -- which will also report Oct. 22 -- to "neutral." Industry leader Delta Air Lines (DAL) reported exploding losses of $3.30-per-share loss (analysts were only expecting $3, even), despite sales falling just below consensus estimates at $3.1 billion. Perhaps this is why, out of the entire airline industry, Susquehanna analyst Christopher N. Stathoulopoulos named Delta one of just two names that he still thinks are worthy of buying (i.e. rated "positive").
|
Simultaneously, he downgraded American Airlines (AAL) -- which will also report Oct. 22 -- to "neutral." Perhaps this is why, out of the entire airline industry, Susquehanna analyst Christopher N. Stathoulopoulos named Delta one of just two names that he still thinks are worthy of buying (i.e. rated "positive"). The more of those boxes an airline can check, the better it should be for the airline's stock price, in Stathoulopoulos's opinion.
|
Simultaneously, he downgraded American Airlines (AAL) -- which will also report Oct. 22 -- to "neutral." The "good" news is that it's burning through only $24 million per day -- which works out to about $8.8 billion a year. Thus, while Delta fears that a return to "normal" revenues is probably "two years or more" away, the company can still probably make it in under the wire.
|
5155.0
|
2020-10-14 00:00:00 UTC
|
Emirates boss sees air travel recovery sooner rather than later
|
AAL
|
https://www.nasdaq.com/articles/emirates-boss-sees-air-travel-recovery-sooner-rather-than-later-2020-10-14
|
nan
|
nan
|
PARIS, Oct 14 (Reuters) - Emirates boss Tim Clark expects a dynamic recovery in air travel demand to begin "sooner rather than later", he told an online forum on Wednesday, describing the industry's coronavirus crisis as a glitch from which the Gulf carrier can fully recover.
Speaking at CAPA Live, the veteran airline leader dismissed predictions of a prolonged slump that punishes network carriers and transit hubs such as Emirates' Dubai base.
"I'm not one of these people who believes in the 'new normal'," Clark said. "I believe demand will return in a very robust manner."
"The pandemic is a glitch," Clark said of the aviation industry's worst crisis. "We've had many of those in the past - perhaps not as severe as this one for our industry - but nevertheless it's a glitch and we'll come through it."
Emirates is closely watched for its deep order book for larger aircraft - whose values were already depressed going into the COVID-19 crisis. Analysts also predict that demand for wide-body or twin-aisle jets will be worst affected by the slump.
American Airlines AAL.O expects smaller airliners to dominate an eventual recovery, Chief Executive Doug Parker told the same conference.
"The (biggest) area for growth is in longer-haul narrow-bodies," said Parker, adding that he saw enormous pent-up demand for international travel.
Clark nonetheless expects the crisis to "get worse before it gets better", with demand remaining depressed for another six to nine months. Meanwhile, Emirates was benefiting from high global cargo rates, he said, as many passenger jets that normally carry some freight remain grounded.
Cargo services to 70 to 80 destinations are "significantly reducing cash depletion", especially when they are augmented by some passenger business, he said.
(Reporting by Laurence Frost, Tracy Rucinski and Tim Hepher; Editing by David Clarke)
((laurence.frost@thomsonreuters.com; +33 1 4949 5683 @Laurence_Frost DMs on; Reuters Messaging: N/A))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines AAL.O expects smaller airliners to dominate an eventual recovery, Chief Executive Doug Parker told the same conference. PARIS, Oct 14 (Reuters) - Emirates boss Tim Clark expects a dynamic recovery in air travel demand to begin "sooner rather than later", he told an online forum on Wednesday, describing the industry's coronavirus crisis as a glitch from which the Gulf carrier can fully recover. Speaking at CAPA Live, the veteran airline leader dismissed predictions of a prolonged slump that punishes network carriers and transit hubs such as Emirates' Dubai base.
|
American Airlines AAL.O expects smaller airliners to dominate an eventual recovery, Chief Executive Doug Parker told the same conference. PARIS, Oct 14 (Reuters) - Emirates boss Tim Clark expects a dynamic recovery in air travel demand to begin "sooner rather than later", he told an online forum on Wednesday, describing the industry's coronavirus crisis as a glitch from which the Gulf carrier can fully recover. "The pandemic is a glitch," Clark said of the aviation industry's worst crisis.
|
American Airlines AAL.O expects smaller airliners to dominate an eventual recovery, Chief Executive Doug Parker told the same conference. PARIS, Oct 14 (Reuters) - Emirates boss Tim Clark expects a dynamic recovery in air travel demand to begin "sooner rather than later", he told an online forum on Wednesday, describing the industry's coronavirus crisis as a glitch from which the Gulf carrier can fully recover. Clark nonetheless expects the crisis to "get worse before it gets better", with demand remaining depressed for another six to nine months.
|
American Airlines AAL.O expects smaller airliners to dominate an eventual recovery, Chief Executive Doug Parker told the same conference. PARIS, Oct 14 (Reuters) - Emirates boss Tim Clark expects a dynamic recovery in air travel demand to begin "sooner rather than later", he told an online forum on Wednesday, describing the industry's coronavirus crisis as a glitch from which the Gulf carrier can fully recover. "The pandemic is a glitch," Clark said of the aviation industry's worst crisis.
|
5156.0
|
2020-10-13 00:00:00 UTC
|
Southwest Airlines Adds More Big Hub Airports to Its Route Network
|
AAL
|
https://www.nasdaq.com/articles/southwest-airlines-adds-more-big-hub-airports-to-its-route-network-2020-10-13
|
nan
|
nan
|
Southwest Airlines (NYSE: LUV) made a name for itself in the 1990s and early 2000s by growing rapidly and offering low-fare, no-frills service. One of its standard strategies for keeping costs low was avoiding most of the busiest U.S. airports, where airport fees were high and congestion could lead to costly delays.
In recent years, Southwest has become more comfortable operating in big hub airports. However, in the midst of the COVID-19 pandemic, it has become way more aggressive, making plans to launch service to Miami International Airport, Chicago O'Hare International Airport, and Houston's George Bush Intercontinental Airport.
Let's take a look at why Southwest Airlines has decided to launch flights to these busy airports and what it means for incumbents American Airlines (NASDAQ: AAL) and United Airlines (NASDAQ: UAL).
Strategy shift
Southwest's move into big hub airports began in earnest in 2004 with its decision to launch flights in Philadelphia. Over the course of the following 10 years, the airline began flying to Boston; two of the three major New York-area airports; both airports in Washington, D.C.; and airports in Charlotte, Atlanta, Minneapolis-St. Paul, and Denver. All 10 are among the 30 busiest airports in the country.
There were a couple of big reasons behind this change in strategy. First, staying away from major airports would have severely constrained Southwest's growth over the past 15 years. Today, it is the fourth-largest U.S. airline (and the largest as measured by the number of domestic passengers carried), a position it could not have achieved under its previous strategy.
Image source: Southwest Airlines.
Second, as it has gained scale, Southwest Airlines has diversified away from being purely a leisure airline. To gain market share with business travelers, it was important to serve key business travel destinations. On the flip side, business travelers have given Southwest a base of high-fare traffic that can help cover the costs of operating in crowded hub airports.
New airports coming to Southwest's route map
Despite embracing big hub airports in recent years, Southwest Airlines has continued to serve Chicago, Dallas, and Houston -- three of the five largest metro areas in the U.S. -- from secondary airports where it is the dominant airline. Additionally, it has served Miami from Fort Lauderdale-Hollywood International Airport, 25 miles north of the city center.
That's about to change in three of those four cities. In early September, Southwest announced its intention to begin flying to Miami (an American Airlines fortress hub) later this year. Last week, the airline revealed its initial schedule. It will start service on Nov. 15, operating three daily departures to Tampa International, four daily departures each to Baltimore-Washington International Thurgood Marshall Airport and Houston's William P. Hobby Airport, and one daily departure to Chicago Midway International.
Southwest Airlines doubled down on its big-city growth initiative this Monday. The carrier announced that it will begin flying to O'Hare Airport (a major hub for both United Airlines and American Airlines) and Houston Intercontinental (another one of United's biggest hubs) in the first half of 2021. Southwest will continue to serve Midway Airport and Hobby Airport as its main bases in Chicago and Houston, respectively.
It's all about business travelers
So far, Southwest Airlines hasn't disclosed what destinations it will serve from O'Hare and Houston Intercontinental. However, the airline's initial batch of Miami flights points to this being a targeted growth initiative designed to woo business travelers. Southwest is the leading airline in Tampa (holding roughly a third of the market), accounts for nearly two-thirds of the traffic at BWI, and dominates Houston Hobby and Chicago Midway with more than 90% market share. By flying from those cities to Miami, Southwest can better compete with rivals like American for business travelers who wouldn't want to waste time by flying into Fort Lauderdale.
Indeed, Southwest was sharpening its focus on gaining market share with business travelers before the pandemic hit. Most notably, it is partnering with two of the three main global distribution system (GDS) operators to get better access to the corporate market.
It's reasonable to guess that Southwest will adopt similar tactics at O'Hare and Houston Intercontinental, flying to a handful of key markets where it has high market share.
On the margins, this is a negative for American Airlines and United Airlines, which are already struggling more than most U.S. airlines. However, the impact of Southwest moving into their hubs shouldn't be overstated. This is more about the low-fare airline deepening its appeal to business travelers in markets where it is already very strong than a frontal assault on some of its rivals' biggest markets.
In Denver, Southwest Airlines has gone from zero flights 15 years ago to more than 250 daily departures today. It now has roughly 30% market share there. Nevertheless, Denver is United's fastest-growing and most successful hub. Thus, while the airline industry is extremely competitive, Southwest's growth in key American Airlines and United Airlines hubs doesn't necessarily spell doom for the legacy carriers.
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 September 24, 2020
Adam Levine-Weinberg owns shares of Southwest Airlines. The Motley Fool recommends Southwest Airlines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Let's take a look at why Southwest Airlines has decided to launch flights to these busy airports and what it means for incumbents American Airlines (NASDAQ: AAL) and United Airlines (NASDAQ: UAL). Today, it is the fourth-largest U.S. airline (and the largest as measured by the number of domestic passengers carried), a position it could not have achieved under its previous strategy. On the flip side, business travelers have given Southwest a base of high-fare traffic that can help cover the costs of operating in crowded hub airports.
|
Let's take a look at why Southwest Airlines has decided to launch flights to these busy airports and what it means for incumbents American Airlines (NASDAQ: AAL) and United Airlines (NASDAQ: UAL). However, in the midst of the COVID-19 pandemic, it has become way more aggressive, making plans to launch service to Miami International Airport, Chicago O'Hare International Airport, and Houston's George Bush Intercontinental Airport. It will start service on Nov. 15, operating three daily departures to Tampa International, four daily departures each to Baltimore-Washington International Thurgood Marshall Airport and Houston's William P. Hobby Airport, and one daily departure to Chicago Midway International.
|
Let's take a look at why Southwest Airlines has decided to launch flights to these busy airports and what it means for incumbents American Airlines (NASDAQ: AAL) and United Airlines (NASDAQ: UAL). New airports coming to Southwest's route map Despite embracing big hub airports in recent years, Southwest Airlines has continued to serve Chicago, Dallas, and Houston -- three of the five largest metro areas in the U.S. -- from secondary airports where it is the dominant airline. Thus, while the airline industry is extremely competitive, Southwest's growth in key American Airlines and United Airlines hubs doesn't necessarily spell doom for the legacy carriers.
|
Let's take a look at why Southwest Airlines has decided to launch flights to these busy airports and what it means for incumbents American Airlines (NASDAQ: AAL) and United Airlines (NASDAQ: UAL). To gain market share with business travelers, it was important to serve key business travel destinations. The carrier announced that it will begin flying to O'Hare Airport (a major hub for both United Airlines and American Airlines) and Houston Intercontinental (another one of United's biggest hubs) in the first half of 2021.
|
5157.0
|
2020-10-13 00:00:00 UTC
|
Pre-Market Most Active for Oct 13, 2020 : AAPL, SOS, MT, QQQ, SQQQ, AAL, F, TQQQ, CCL, LUV, C, TSLA
|
AAL
|
https://www.nasdaq.com/articles/pre-market-most-active-for-oct-13-2020-%3A-aapl-sos-mt-qqq-sqqq-aal-f-tqqq-ccl-luv-c-tsla
|
nan
|
nan
|
The NASDAQ 100 Pre-Market Indicator is up 98.64 to 12,186.75. The total Pre-Market volume is currently 17,070,673 shares traded.
The following are the most active stocks for the pre-market session:
Apple Inc. (AAPL) is +1.75 at $126.15, with 4,282,434 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. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
SOS Limited (SOS) is +0.58 at $2.69, with 4,018,232 shares traded.
ArcelorMittal (MT) is -0.29 at $14.00, with 2,573,385 shares traded. As reported by Zacks, the current mean recommendation for MT is in the "buy range".
Invesco QQQ Trust, Series 1 (QQQ) is +2.96 at $297.49, with 1,555,440 shares traded. This represents a 80.37% increase from its 52 Week Low.
ProShares UltraPro Short QQQ (SQQQ) is -0.59 at $19.03, with 1,477,731 shares traded. This represents a .42% increase from its 52 Week Low.
American Airlines Group, Inc. (AAL) is -0.22 at $12.70, with 882,144 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 $-5.58. AAL's current last sale is 127% of the target price of $10.
Ford Motor Company (F) is +0.17 at $7.84, with 744,663 shares traded. F's current last sale is 98% of the target price of $8.
ProShares UltraPro QQQ (TQQQ) is +4.66 at $158.92, with 742,541 shares traded. This represents a 392.47% increase from its 52 Week Low.
Carnival Corporation (CCL) is -0.44 at $14.77, with 737,961 shares traded. CCL's current last sale is 95.29% of the target price of $15.5.
Southwest Airlines Company (LUV) is unchanged at $39.19, with 685,403 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020. The consensus EPS forecast is $-2.41. As reported by Zacks, the current mean recommendation for LUV is in the "buy range".
Citigroup Inc. (C) is +0.9499 at $46.83, with 630,905 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020. The consensus EPS forecast is $1.01. Reuters Reports: S&P, Dow futures ease on J&J vaccine worries; bank, tech stocks shine
Tesla, Inc. (TSLA) is +3.05 at $445.35, with 322,413 shares traded. TSLA's current last sale is 142.51% of the target price of $312.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines Group, Inc. (AAL) is -0.22 at $12.70, with 882,144 shares traded. AAL's current last sale is 127% 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 Sep 2020.
|
American Airlines Group, Inc. (AAL) is -0.22 at $12.70, with 882,144 shares traded. AAL's current last sale is 127% 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.
|
American Airlines Group, Inc. (AAL) is -0.22 at $12.70, with 882,144 shares traded. AAL's current last sale is 127% 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.
|
American Airlines Group, Inc. (AAL) is -0.22 at $12.70, with 882,144 shares traded. AAL's current last sale is 127% 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.
|
5158.0
|
2020-10-12 00:00:00 UTC
|
American Airlines CEO Warns More Cities May Lose Flights
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-ceo-warns-more-cities-may-lose-flights-2020-10-12
|
nan
|
nan
|
The COVID-19 pandemic has decimated air travel demand this year, causing airlines to dramatically slash their schedules. Despite these service cuts, small cities were able to retain vital air service, thanks to CARES Act rules requiring airlines that accepted payroll support to -- with very limited exceptions -- maintain service to all domestic destinations in their route networks.
Unfortunately, negotiations for a follow-up pandemic relief bill that might include additional airline payroll support have been progressing very slowly. For now, airlines are on their own. Meanwhile, the restrictions on service cuts expired at the end of September.
American Airlines (NASDAQ: AAL) responded by dropping about a dozen small cities from its route map last week. Now, management is warning that without additional aid, more cuts are likely.
An initial round of cuts
Back in August, American Airlines said that -- barring an extension of the payroll support program -- it would suspend service to 15 small cities in early October. It is the only airline serving nine of those markets: Del Rio, Texas; Dubuque, Iowa; Florence, South Carolina; Greenville, North Carolina; Joplin, Missouri; New Haven, Connecticut; Roswell, New Mexico; Stillwater, Oklahoma; and Williamsport, Pennsylvania.
Local communities eventually prevailed upon American to maintain its flights to Roswell and Stillwater -- at least for now. The airline has also been forced to continue service to Joplin and Sioux City, Iowa while it waits for permission from the U.S. Department of Transportation to exit those markets permanently.
Image source: American Airlines.
However, American Airlines suspended service to the other 11 cities on Oct. 7. Furthermore, while it initially planned to return to those markets in November, it recently extended the service suspensions through Dec. 1 as part of a massive November schedule cut.
Given that air travel demand is improving at a snail's pace, there could be additional delays in restoring service to these markets. American could even choose to drop some permanently.
This is just the first step
In a recent CNBC interview, American Airlines CEO Doug Parker said that without additional federal aid, his company would have to drop additional small cities from its route map. This shouldn't be surprising. Two months ago, the full-service airline estimated that it would suspend flights to up to 30 small cities as soon as October.
Airlines (including American) have been trying to delay drastic moves like pulling out of cities entirely, believing that a payroll support extension could be coming soon. Actions like closing operations at an airport, furloughing pilots, and permanently retiring aircraft cannot be reversed quickly. In general, airlines want to maintain the flexibility to quickly ramp up service again when demand improves.
That said, American Airlines has the weakest balance sheet among major U.S. airlines, making it vital to conserve cash. It has already furloughed about 19,000 employees this month. The need to trim unprofitable flights could force American to temporarily or permanently exit additional small markets.
What seems temporary could become permanent
Most industry observers believe that air travel demand won't return to 2019 levels until 2023 or 2024. Business travel will be especially slow to recover. That could make it hard for American Airlines and its peers to restore service to small cities in the years ahead; business travelers tend to pay high fares that are critical to legacy carriers' profitability.
The longer such cities go without scheduled air service, the harder it will be to turn back the clock to 2019. On the demand side, extended periods with no air service could drive companies to relocate to larger cities with reliable air service, permanently crippling small-city demand. On the supply side, network airlines are shrinking their fleets of 50-seat regional jets, which they use to serve their smallest markets.
Congress' apparent inability to pass an airline payroll support extension despite bipartisan support for the program will weigh heavily on near-term earnings and cash flow for the sector. But it could also have long-term consequences for the U.S. economy, due to the airline industry's role as a key enabler of commerce.
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 September 24, 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.
|
American Airlines (NASDAQ: AAL) responded by dropping about a dozen small cities from its route map last week. An initial round of cuts Back in August, American Airlines said that -- barring an extension of the payroll support program -- it would suspend service to 15 small cities in early October. The airline has also been forced to continue service to Joplin and Sioux City, Iowa while it waits for permission from the U.S. Department of Transportation to exit those markets permanently.
|
American Airlines (NASDAQ: AAL) responded by dropping about a dozen small cities from its route map last week. An initial round of cuts Back in August, American Airlines said that -- barring an extension of the payroll support program -- it would suspend service to 15 small cities in early October. This is just the first step In a recent CNBC interview, American Airlines CEO Doug Parker said that without additional federal aid, his company would have to drop additional small cities from its route map.
|
American Airlines (NASDAQ: AAL) responded by dropping about a dozen small cities from its route map last week. Despite these service cuts, small cities were able to retain vital air service, thanks to CARES Act rules requiring airlines that accepted payroll support to -- with very limited exceptions -- maintain service to all domestic destinations in their route networks. An initial round of cuts Back in August, American Airlines said that -- barring an extension of the payroll support program -- it would suspend service to 15 small cities in early October.
|
American Airlines (NASDAQ: AAL) responded by dropping about a dozen small cities from its route map last week. An initial round of cuts Back in August, American Airlines said that -- barring an extension of the payroll support program -- it would suspend service to 15 small cities in early October. However, American Airlines suspended service to the other 11 cities on Oct. 7.
|
5159.0
|
2020-10-10 00:00:00 UTC
|
3 Top Robinhood Stocks to Avoid Like the Plague in October
|
AAL
|
https://www.nasdaq.com/articles/3-top-robinhood-stocks-to-avoid-like-the-plague-in-october-2020-10-10
|
nan
|
nan
|
When the curtain finally closes on 2020, it'll likely go down as one of the most volatile years in history. The widely followed S&P 500 declined by 34% in under five weeks during the first quarter, then took less than five months to recoup everything that was lost. Meanwhile, the CBOE Volatility Index logged its highest reading ever during the March crash.
Volatility consistently brings young and/or novice investors out of the woodwork. Wild swings in the stock market give young investors the idea that they can get rich quick, which almost always proves fleeting.
Image source: Getty Images.
We know young investors are flocking to this market thanks to membership and ownership statistics from online investing app Robinhood. Known best for its commission-free trades, fractional-share trading, and gifts of free stock to new users, Robinhood has witnessed a big uptick in member growth. The average age of its users is only 31.
Robinhood has a leaderboard of the 100 most-held stocks on the platform. While you'll find some well-known growth stocks and even a small handful of high-yield dividend stocks, the leaderboard is mostly filled with awful companies. Since many young and/or novice investors don't understand the benefit of long-term investing and what compounding can do over time, they're often chasing after bad companies.
This month, there are three popular Robinhood stocks that investors should avoid like the plague.
Image source: American Airlines.
American Airlines Group
If there's an industry that I can confidently say people should never put their money into, it's airlines. Airline stocks require lots of capital and a healthy economy just to produce a mediocre margin. If there's even the slightest breeze of economic contraction, airline stocks hit turbulence.
In my view, the worst of the worst in the airline industry is American Airlines Group (NASDAQ: AAL). American is a well-known major player that recently qualified for a $5.5 billion federal loan tied to the coronavirus disease 2019 (COVID-19). Still, its financial situation seems dire.
Not including this $5.5 billion loan, American Airlines ended June with $9.8 billion in cash and just over $40 billion in debt. At this point, we have no clue when passenger travel levels will get anywhere close to pre-COVID-19 levels -- meaning there's little hope of profitability for American Airlines, even with significant cost-cutting. When (or if) the situation normalizes, American Airlines is going to spend a pretty penny financing its over $40 billion in debt.
Perhaps the only reason to own American Airlines stock has been taken away. In exchange for the financial aid it's received, American Airlines will not be allowed to repurchase its own stock or pay a dividend to shareholders. This capital-return plan was about the only thing keeping American Airlines' stock afloat.
Arguably the worst company in the worst industry, American Airlines Group is a hard pass for investors in October.
Image source: Getty Images.
Inovio Pharmaceuticals
Robinhood investors are also very drawn to the coronavirus vaccine race. Among the 100 most-held stocks, six are companies focused on vaccine development or coronavirus diagnostics. Among them is one vaccine developer you'd best avoid: Inovio Pharmaceuticals (NASDAQ: INO).
On the surface, Inovio's drug development platform and novel electroporation delivery technology look enticing. The company's experimental COVID-19 vaccine, INO-4800, showed an immune response in 94% of phase 1 trial participants at week 6 after two doses. With more than a dozen ongoing clinical trials -- only one of which is for COVID-19 -- investors have piled into Inovio in 2020.
But not all is well.
A little less than two weeks ago, the Food and Drug Administration (FDA) placed a partial clinical hold on Inovio's planned phase 2/3 trial until the company can answer more questions concerning INO-4800 and its proprietary Cellectra delivery device. The coronavirus vaccine space is highly competitive, and the first successful vaccine to market should scoop up significant market share. This setback will almost certainly place Inovio well behind some deeper-pocketed vaccine developers.
Furthermore, Inovio has been in business for four decades but doesn't have an approved therapeutic to show for it. Thankfully, it's received plenty of cash in 2020, so there's little near-term concern about funding. Nevertheless, Inovio has a history of leaving a lot to be desired on the clinical front. For that reason, it should be avoided in October.
Image source: Getty Images.
Tilray
Young investors are also enamored with marijuana stocks. Though investing in cannabis could generate plenty of green this decade, Robinhood investors are at a distinct disadvantage. Since they're not allowed to purchase over-the-counter-listed companies, they're usually stuck buying struggling Canadian licensed producers like Tilray (NASDAQ: TLRY).
Leading up to the legalization of adult-use marijuana in Canada on Oct. 17, 2018, Tilray was expected to be a major player. It had a well-known medical cannabis line of products and was flush with cash following its initial public offering in July 2018. However, the past two years have not been kind.
To start, Tilray's acquisition of hemp foods company Manitoba Harvest in the first quarter of 2019 now looks grossly overpriced. The deal was primarily to allow Tilray access to Manitoba Harvest's more than 16,000 retail doors throughout North America. Tilray's idea was to use Manitoba Harvest's distribution network to take advantage of the cannabidiol (CBD) craze in the United States. Unfortunately, the FDA put its foot down on CBD as an additive for food, beverages, and dietary supplements in late 2019. Shortly after this decision, the exponential growth rate in CBD sales stalled.
Aside from healthy growth in international medical cannabis sales, Tilray's Canadian sales growth has been unimpressive. With an unclear domestic strategy, the company produced a whopping $81.7 million net loss in the June-ended quarter and a net loss of $265.8 million through the first six months of 2020. Tilray keeps burning cash at an extraordinary rate and may lean on a $250 million at-the-market offering to raise additional capital.
Investors are going to continue to be diluted by share issuances, and there's little sign that these huge operating losses are going to ease anytime soon. That's more-than-enough reason to avoid Tilray like the plague in October.
10 stocks we like better than Tilray, 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 Tilray, 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 September 24, 2020
Sean Williams 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.
|
In my view, the worst of the worst in the airline industry is American Airlines Group (NASDAQ: AAL). Since many young and/or novice investors don't understand the benefit of long-term investing and what compounding can do over time, they're often chasing after bad companies. A little less than two weeks ago, the Food and Drug Administration (FDA) placed a partial clinical hold on Inovio's planned phase 2/3 trial until the company can answer more questions concerning INO-4800 and its proprietary Cellectra delivery device.
|
In my view, the worst of the worst in the airline industry is American Airlines Group (NASDAQ: AAL). Arguably the worst company in the worst industry, American Airlines Group is a hard pass for investors in October. Aside from healthy growth in international medical cannabis sales, Tilray's Canadian sales growth has been unimpressive.
|
In my view, the worst of the worst in the airline industry is American Airlines Group (NASDAQ: AAL). While you'll find some well-known growth stocks and even a small handful of high-yield dividend stocks, the leaderboard is mostly filled with awful companies. Perhaps the only reason to own American Airlines stock has been taken away.
|
In my view, the worst of the worst in the airline industry is American Airlines Group (NASDAQ: AAL). Image source: American Airlines. Perhaps the only reason to own American Airlines stock has been taken away.
|
5160.0
|
2020-10-09 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-GE, eBay, Eli Lilly, Mallinckrodt, gold miners
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-ge-ebay-eli-lilly-mallinckrodt-gold-miners-2020-10-09
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes rose on Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more federal fiscal aid and growing expectations of a Democratic victory in next month's presidential election. .N
At 11:54 ET, the Dow Jones Industrial Average .DJI was up 0.84% at 28,664.83. The S&P 500 .SPX was up 0.65% at 3,469.22 and the Nasdaq Composite .IXIC was up 1.16% at 11,552.955. The top three S&P 500 .PG.INX percentage gainers: ** Xilinx Inc XLNX.O, up 12.4% ** Ebay Inc EBAY.O, up 6.2% ** General Electric Co GE.N, up 4.1% The top three S&P 500 .PL.INX percentage losers: ** Vontier Corp VNT.N, down 13.6% ** Advanced Micro Devices Inc AMD.O, down 4% ** SL Green Realty Corp SLG.N, down 2.2% The top three NYSE .PG.N percentage gainers: ** WisdomTree Emerging Markets ESG Fund RESE.N, up 38.6% ** Ihuman Inc IH.N, up 27.7% ** Just Energy Group JE.N, up 25.2% The top three NYSE .PL.N percentage losers: ** Vontier Corp VNT.N, down 13.6% ** Universal Security Instruments Inc UUU.N, down 13.5% ** DPW Holdings Inc DPW.N, down 10.9% The top three Nasdaq .PG.O percentage gainers: ** VivoPower International PLC VVPR.O, up 78.9% ** Spartannash Co SPTN.O, up 36.6% ** Precigen Inc PGEN.O, up 33.6% The top three Nasdaq .PL.O percentage losers: ** ShiftPixy Inc PIXY.O, down 23.8% ** Intrusion Inc INTZ.O, down 16.4% ** GeoVax Labs Inc GOVX.O, down 14.8%
** General Electric Co GE.N: up 4.1%
BUZZ-GE jumps after GS reinstates 'buy' rating - thefly.com ** Mallinckrodt PLC MNK.N: down 19.4%
BUZZ-: Down after report says co's bankruptcy to give control over to bondholders ** Newmont Corp NEM.N: up 0.4% ** Barrick Gold GOLD.N: up 1.2%
BUZZ-Gold miners rise as weak dollar boosts bullion prices
** Eli Lilly & Co LLY.N: up 2.3%
BUZZ-Up after rival Pfizer's breast cancer drug fails late-stage study ** VivoPower International PLC VVPR.O: up 78.9%
BUZZ-Gains on finalizing EV maker acquisition ** Canopy Growth Corp CGC.N: up 2.9% ** Sundial Growers Inc. SNDL.O: up 2.3% ** Tilray Inc TLRY.O: up 1.6% BUZZ-Cannabis stocks surge further after VP nominee Harris vows to decriminalize pot ** Xilinx Inc XLNX.O: up 12.3%
** Advanced Micro Devices Inc AMD.O: down 4.0%
BUZZ-Xilinx soars on report of $30 bln buyout deal from AMD
** Shattuck Labs Inc STTK.O: up 8.8%
BUZZ-Rises 30% in Nasdaq debut ** Coupa Software Inc COUP.O: up 5.0%
BUZZ-Deutsche Bank starts coverage of Coupa Software with 'buy' ** Watford Holdings Ltd WTRE.O: up 7.8%
BUZZ-Rises on $622 mln buyout deal from Arch Capital ** XpresSpa Group Inc XSPA.O: up 0.8%
BUZZ-Up on construction of COVID-19 testing facility at Boston airport ** ON Semiconductor Corp ON.O: up 2.3%
BUZZ-Gains as brokerages raise price targets ** OPKO Health Inc OPK.O: up 2.2%
BUZZ-Up on launching COVID-19 testing program for NYC schools ** Axovant Gene Therapies Ltd AXGT.O: up 3.6%
BUZZ-Rises on FDA's rare pediatric disease status for gene therapy ** Extreme Networks Inc EXTR.O: up 14.4%
BUZZ-Up after raising revenue forecast ** Selecta Biosciences Inc SELB.O: up 3.6%
BUZZ-Rises on research agreement with IGAN Biosciences ** HCA Healthcare Inc HCA.N: up 2.5%
BUZZ-Rises on upbeat quarterly revenue forecast ** NXP Semiconductors NV NXPI.O: up 4.3%
BUZZ-Rises as co hikes quarterly revenue forecast The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.60%
Consumer Discretionary
.SPLRCD
up 1.32%
Consumer Staples
.SPLRCS
up 1.17%
Energy
.SPNY
down 0.30%
Financial
.SPSY
up 0.61%
Health
.SPXHC
up 1.16%
Industrial
.SPLRCI
up 0.86%
Information Technology
.SPLRCT
up 1.24%
Materials
.SPLRCM
up 0.86%
Real Estate
.SPLRCR
up 0.04%
Utilities
.SPLRCU
up 0.37%
(Compiled by Shradha Singh in Bangalore)
((Shradha.singh@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
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 Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more federal fiscal aid and growing expectations of a Democratic victory in next month's presidential election. The top three S&P 500 .PG.INX percentage gainers: ** Xilinx Inc XLNX.O, up 12.4% ** Ebay Inc EBAY.O, up 6.2% ** General Electric Co GE.N, up 4.1% The top three S&P 500 .PL.INX percentage losers: ** Vontier Corp VNT.N, down 13.6% ** Advanced Micro Devices Inc AMD.O, down 4% ** SL Green Realty Corp SLG.N, down 2.2% The top three NYSE .PG.N percentage gainers: ** WisdomTree Emerging Markets ESG Fund RESE.N, up 38.6% ** Ihuman Inc IH.N, up 27.7% ** Just Energy Group JE.N, up 25.2% The top three NYSE .PL.N percentage losers: ** Vontier Corp VNT.N, down 13.6% ** Universal Security Instruments Inc UUU.N, down 13.5% ** DPW Holdings Inc DPW.N, down 10.9% The top three Nasdaq .PG.O percentage gainers: ** VivoPower International PLC VVPR.O, up 78.9% ** Spartannash Co SPTN.O, up 36.6% ** Precigen Inc PGEN.O, up 33.6% The top three Nasdaq .PL.O percentage losers: ** ShiftPixy Inc PIXY.O, down 23.8% ** Intrusion Inc INTZ.O, down 16.4% ** GeoVax Labs Inc GOVX.O, down 14.8% ** General Electric Co GE.N: up 4.1% BUZZ-GE jumps after GS reinstates 'buy' rating - thefly.com ** Mallinckrodt PLC MNK.N: down 19.4% BUZZ-: Down after report says co's bankruptcy to give control over to bondholders ** Newmont Corp NEM.N: up 0.4% ** Barrick Gold GOLD.N: up 1.2% BUZZ-Gold miners rise as weak dollar boosts bullion prices ** Eli Lilly & Co LLY.N: up 2.3% BUZZ-Up after rival Pfizer's breast cancer drug fails late-stage study ** VivoPower International PLC VVPR.O: up 78.9% BUZZ-Gains on finalizing EV maker acquisition ** Canopy Growth Corp CGC.N: up 2.9% ** Sundial Growers Inc. SNDL.O: up 2.3% ** Tilray Inc TLRY.O: up 1.6% BUZZ-Cannabis stocks surge further after VP nominee Harris vows to decriminalize pot ** Xilinx Inc XLNX.O: up 12.3% ** Advanced Micro Devices Inc AMD.O: down 4.0% BUZZ-Xilinx soars on report of $30 bln buyout deal from AMD ** Shattuck Labs Inc STTK.O: up 8.8% BUZZ-Rises 30% in Nasdaq debut ** Coupa Software Inc COUP.O: up 5.0% BUZZ-Deutsche Bank starts coverage of Coupa Software with 'buy' ** Watford Holdings Ltd WTRE.O: up 7.8% BUZZ-Rises on $622 mln buyout deal from Arch Capital ** XpresSpa Group Inc XSPA.O: up 0.8% BUZZ-Up on construction of COVID-19 testing facility at Boston airport ** ON Semiconductor Corp ON.O: up 2.3% BUZZ-Gains as brokerages raise price targets ** OPKO Health Inc OPK.O: up 2.2% BUZZ-Up on launching COVID-19 testing program for NYC schools ** Axovant Gene Therapies Ltd AXGT.O: up 3.6% BUZZ-Rises on FDA's rare pediatric disease status for gene therapy ** Extreme Networks Inc EXTR.O: up 14.4% BUZZ-Up after raising revenue forecast ** Selecta Biosciences Inc SELB.O: up 3.6% BUZZ-Rises on research agreement with IGAN Biosciences ** HCA Healthcare Inc HCA.N: up 2.5% BUZZ-Rises on upbeat quarterly revenue forecast ** NXP Semiconductors NV NXPI.O: up 4.3% BUZZ-Rises as co hikes quarterly revenue forecast The 11 major S&P 500 sectors: Communication Services up 0.37% (Compiled by Shradha Singh in Bangalore) ((Shradha.singh@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
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 Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more federal fiscal aid and growing expectations of a Democratic victory in next month's presidential election. .N At 11:54 ET, the Dow Jones Industrial Average .DJI was up 0.84% at 28,664.83. The top three S&P 500 .PG.INX percentage gainers: ** Xilinx Inc XLNX.O, up 12.4% ** Ebay Inc EBAY.O, up 6.2% ** General Electric Co GE.N, up 4.1% The top three S&P 500 .PL.INX percentage losers: ** Vontier Corp VNT.N, down 13.6% ** Advanced Micro Devices Inc AMD.O, down 4% ** SL Green Realty Corp SLG.N, down 2.2% The top three NYSE .PG.N percentage gainers: ** WisdomTree Emerging Markets ESG Fund RESE.N, up 38.6% ** Ihuman Inc IH.N, up 27.7% ** Just Energy Group JE.N, up 25.2% The top three NYSE .PL.N percentage losers: ** Vontier Corp VNT.N, down 13.6% ** Universal Security Instruments Inc UUU.N, down 13.5% ** DPW Holdings Inc DPW.N, down 10.9% The top three Nasdaq .PG.O percentage gainers: ** VivoPower International PLC VVPR.O, up 78.9% ** Spartannash Co SPTN.O, up 36.6% ** Precigen Inc PGEN.O, up 33.6% The top three Nasdaq .PL.O percentage losers: ** ShiftPixy Inc PIXY.O, down 23.8% ** Intrusion Inc INTZ.O, down 16.4% ** GeoVax Labs Inc GOVX.O, down 14.8% ** General Electric Co GE.N: up 4.1% BUZZ-GE jumps after GS reinstates 'buy' rating - thefly.com ** Mallinckrodt PLC MNK.N: down 19.4% BUZZ-: Down after report says co's bankruptcy to give control over to bondholders ** Newmont Corp NEM.N: up 0.4% ** Barrick Gold GOLD.N: up 1.2% BUZZ-Gold miners rise as weak dollar boosts bullion prices ** Eli Lilly & Co LLY.N: up 2.3% BUZZ-Up after rival Pfizer's breast cancer drug fails late-stage study ** VivoPower International PLC VVPR.O: up 78.9% BUZZ-Gains on finalizing EV maker acquisition ** Canopy Growth Corp CGC.N: up 2.9% ** Sundial Growers Inc. SNDL.O: up 2.3% ** Tilray Inc TLRY.O: up 1.6% BUZZ-Cannabis stocks surge further after VP nominee Harris vows to decriminalize pot ** Xilinx Inc XLNX.O: up 12.3% ** Advanced Micro Devices Inc AMD.O: down 4.0% BUZZ-Xilinx soars on report of $30 bln buyout deal from AMD ** Shattuck Labs Inc STTK.O: up 8.8% BUZZ-Rises 30% in Nasdaq debut ** Coupa Software Inc COUP.O: up 5.0% BUZZ-Deutsche Bank starts coverage of Coupa Software with 'buy' ** Watford Holdings Ltd WTRE.O: up 7.8% BUZZ-Rises on $622 mln buyout deal from Arch Capital ** XpresSpa Group Inc XSPA.O: up 0.8% BUZZ-Up on construction of COVID-19 testing facility at Boston airport ** ON Semiconductor Corp ON.O: up 2.3% BUZZ-Gains as brokerages raise price targets ** OPKO Health Inc OPK.O: up 2.2% BUZZ-Up on launching COVID-19 testing program for NYC schools ** Axovant Gene Therapies Ltd AXGT.O: up 3.6% BUZZ-Rises on FDA's rare pediatric disease status for gene therapy ** Extreme Networks Inc EXTR.O: up 14.4% BUZZ-Up after raising revenue forecast ** Selecta Biosciences Inc SELB.O: up 3.6% BUZZ-Rises on research agreement with IGAN Biosciences ** HCA Healthcare Inc HCA.N: up 2.5% BUZZ-Rises on upbeat quarterly revenue forecast ** NXP Semiconductors NV NXPI.O: up 4.3% BUZZ-Rises as co hikes quarterly revenue forecast 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 Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more federal fiscal aid and growing expectations of a Democratic victory in next month's presidential election. The top three S&P 500 .PG.INX percentage gainers: ** Xilinx Inc XLNX.O, up 12.4% ** Ebay Inc EBAY.O, up 6.2% ** General Electric Co GE.N, up 4.1% The top three S&P 500 .PL.INX percentage losers: ** Vontier Corp VNT.N, down 13.6% ** Advanced Micro Devices Inc AMD.O, down 4% ** SL Green Realty Corp SLG.N, down 2.2% The top three NYSE .PG.N percentage gainers: ** WisdomTree Emerging Markets ESG Fund RESE.N, up 38.6% ** Ihuman Inc IH.N, up 27.7% ** Just Energy Group JE.N, up 25.2% The top three NYSE .PL.N percentage losers: ** Vontier Corp VNT.N, down 13.6% ** Universal Security Instruments Inc UUU.N, down 13.5% ** DPW Holdings Inc DPW.N, down 10.9% The top three Nasdaq .PG.O percentage gainers: ** VivoPower International PLC VVPR.O, up 78.9% ** Spartannash Co SPTN.O, up 36.6% ** Precigen Inc PGEN.O, up 33.6% The top three Nasdaq .PL.O percentage losers: ** ShiftPixy Inc PIXY.O, down 23.8% ** Intrusion Inc INTZ.O, down 16.4% ** GeoVax Labs Inc GOVX.O, down 14.8% ** General Electric Co GE.N: up 4.1% BUZZ-GE jumps after GS reinstates 'buy' rating - thefly.com ** Mallinckrodt PLC MNK.N: down 19.4% BUZZ-: Down after report says co's bankruptcy to give control over to bondholders ** Newmont Corp NEM.N: up 0.4% ** Barrick Gold GOLD.N: up 1.2% BUZZ-Gold miners rise as weak dollar boosts bullion prices ** Eli Lilly & Co LLY.N: up 2.3% BUZZ-Up after rival Pfizer's breast cancer drug fails late-stage study ** VivoPower International PLC VVPR.O: up 78.9% BUZZ-Gains on finalizing EV maker acquisition ** Canopy Growth Corp CGC.N: up 2.9% ** Sundial Growers Inc. SNDL.O: up 2.3% ** Tilray Inc TLRY.O: up 1.6% BUZZ-Cannabis stocks surge further after VP nominee Harris vows to decriminalize pot ** Xilinx Inc XLNX.O: up 12.3% ** Advanced Micro Devices Inc AMD.O: down 4.0% BUZZ-Xilinx soars on report of $30 bln buyout deal from AMD ** Shattuck Labs Inc STTK.O: up 8.8% BUZZ-Rises 30% in Nasdaq debut ** Coupa Software Inc COUP.O: up 5.0% BUZZ-Deutsche Bank starts coverage of Coupa Software with 'buy' ** Watford Holdings Ltd WTRE.O: up 7.8% BUZZ-Rises on $622 mln buyout deal from Arch Capital ** XpresSpa Group Inc XSPA.O: up 0.8% BUZZ-Up on construction of COVID-19 testing facility at Boston airport ** ON Semiconductor Corp ON.O: up 2.3% BUZZ-Gains as brokerages raise price targets ** OPKO Health Inc OPK.O: up 2.2% BUZZ-Up on launching COVID-19 testing program for NYC schools ** Axovant Gene Therapies Ltd AXGT.O: up 3.6% BUZZ-Rises on FDA's rare pediatric disease status for gene therapy ** Extreme Networks Inc EXTR.O: up 14.4% BUZZ-Up after raising revenue forecast ** Selecta Biosciences Inc SELB.O: up 3.6% BUZZ-Rises on research agreement with IGAN Biosciences ** HCA Healthcare Inc HCA.N: up 2.5% BUZZ-Rises on upbeat quarterly revenue forecast ** NXP Semiconductors NV NXPI.O: up 4.3% BUZZ-Rises as co hikes quarterly revenue forecast The 11 major S&P 500 sectors: Communication Services up 0.60% Consumer Discretionary
|
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 Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more federal fiscal aid and growing expectations of a Democratic victory in next month's presidential election. .N At 11:54 ET, the Dow Jones Industrial Average .DJI was up 0.84% at 28,664.83. The S&P 500 .SPX was up 0.65% at 3,469.22 and the Nasdaq Composite .IXIC was up 1.16% at 11,552.955.
|
5161.0
|
2020-10-09 00:00:00 UTC
|
Chile's Collahuasi copper mine averts strike, union agrees to deal
|
AAL
|
https://www.nasdaq.com/articles/chiles-collahuasi-copper-mine-averts-strike-union-agrees-to-deal-2020-10-09
|
nan
|
nan
|
By Fabian Cambero
SANTIAGO, Oct 9 (Reuters) - The union of workers at Chile´s Collahuasi copper mine has come to an agreement in labor talks with the mine operator, the union president said on Friday, staving off the threat of a strike at the sprawling deposit.
The talks at Collahuasi - a partnership between Glencore GLEN.L and Anglo American AAL.L with Japanese firms - were widely seen as the most sensitive of 2020 in top copper producer Chile, both because of the size of the union involved and the mine´s importance to the country´s total output.
"We have reached a collective agreement with the company to the satisfaction of both parties," Felipe Román, president of the union, told Reuters.
Earlier in the day a source with knowledge of the talks had told Reuters that labor and management had a struck the deal well ahead of the negotiation deadline of Oct. 30.
The new contract takes effect on Nov. 1.
Copper prices have been supported recently by concern about potential strikes in Chile.
Elsewhere, the talks have not gone well.
A union of workers at Lundin Mining´s much smaller Candelaria copper mine in Chile walked off the job on Thursday after talks broke down this week. A supervisors union at BHP´s Escondida copper mine, the world´s largest, rejected the company´s final offer on Friday and a strike is imminent there.
Collahuasi is one of Chile´s largest mines. It produced 565,400 tonnes of copper in 2019.
(Reporting by Fabian Cambero; Writing by Dave Sherwood Editing by Sonya Hepinstall and David Gregorio)
((adam.jourdan@thomsonreuters.com; +54 1155446882; Reuters Messaging: adam.jourdan.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.
|
The talks at Collahuasi - a partnership between Glencore GLEN.L and Anglo American AAL.L with Japanese firms - were widely seen as the most sensitive of 2020 in top copper producer Chile, both because of the size of the union involved and the mine´s importance to the country´s total output. Earlier in the day a source with knowledge of the talks had told Reuters that labor and management had a struck the deal well ahead of the negotiation deadline of Oct. 30. A union of workers at Lundin Mining´s much smaller Candelaria copper mine in Chile walked off the job on Thursday after talks broke down this week.
|
The talks at Collahuasi - a partnership between Glencore GLEN.L and Anglo American AAL.L with Japanese firms - were widely seen as the most sensitive of 2020 in top copper producer Chile, both because of the size of the union involved and the mine´s importance to the country´s total output. By Fabian Cambero SANTIAGO, Oct 9 (Reuters) - The union of workers at Chile´s Collahuasi copper mine has come to an agreement in labor talks with the mine operator, the union president said on Friday, staving off the threat of a strike at the sprawling deposit. "We have reached a collective agreement with the company to the satisfaction of both parties," Felipe Román, president of the union, told Reuters.
|
The talks at Collahuasi - a partnership between Glencore GLEN.L and Anglo American AAL.L with Japanese firms - were widely seen as the most sensitive of 2020 in top copper producer Chile, both because of the size of the union involved and the mine´s importance to the country´s total output. By Fabian Cambero SANTIAGO, Oct 9 (Reuters) - The union of workers at Chile´s Collahuasi copper mine has come to an agreement in labor talks with the mine operator, the union president said on Friday, staving off the threat of a strike at the sprawling deposit. A union of workers at Lundin Mining´s much smaller Candelaria copper mine in Chile walked off the job on Thursday after talks broke down this week.
|
The talks at Collahuasi - a partnership between Glencore GLEN.L and Anglo American AAL.L with Japanese firms - were widely seen as the most sensitive of 2020 in top copper producer Chile, both because of the size of the union involved and the mine´s importance to the country´s total output. By Fabian Cambero SANTIAGO, Oct 9 (Reuters) - The union of workers at Chile´s Collahuasi copper mine has come to an agreement in labor talks with the mine operator, the union president said on Friday, staving off the threat of a strike at the sprawling deposit. Elsewhere, the talks have not gone well.
|
5162.0
|
2020-10-09 00:00:00 UTC
|
Union at Chile's Collahuasi copper mine agrees to labor deal, strike threat averted - source
|
AAL
|
https://www.nasdaq.com/articles/union-at-chiles-collahuasi-copper-mine-agrees-to-labor-deal-strike-threat-averted-source
|
nan
|
nan
|
By Fabian Cambero
SANTIAGO, Oct 9 (Reuters) - Management and the union at Chile´s Collahuasi copper mine have come to an agreement in labor talks, staving off the threat of a strike at the sprawling deposit, a source with knowledge of the discussions told Reuters on Friday.
The talks at Collahuasi - a partnership between Glencore GLEN.N and Anglo American AAL.L with Japanese firms - were widely seen as the most sensitive of 2020 in top copper producer Chile, both because of the size of the union involved and the mine´s importance to the country´s total output.
"There is a good atmosphere... the issue has been settled," the source, who requested anonymity because the talks are confidential, told Reuters.
He added that the deal would "surely" be announced ahead of the legal deadline for the negotiations of Oct. 30 and that the new contract would take effect November 1.
Copper prices have been supported recently by concern about potential strikes in Chile.
A union of workers at Lundin Mining´s much smaller Candelaria copper mine in Chile walked off the job on Thursday after talks broke down earlier this week. BHP´s Escondida copper mine, the world´s largest, is also looking to cement a deal with a union of supervisors.
Collahuasi is one of Chile´s largest mines. It produced 565,400 tonnes of copper in 2019.
(Reporting by Fabian Cambero; Writing by Dave Sherwood Editing by Sonya Hepinstall)
((adam.jourdan@thomsonreuters.com; +54 1155446882; Reuters Messaging: adam.jourdan.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.
|
The talks at Collahuasi - a partnership between Glencore GLEN.N and Anglo American AAL.L with Japanese firms - were widely seen as the most sensitive of 2020 in top copper producer Chile, both because of the size of the union involved and the mine´s importance to the country´s total output. He added that the deal would "surely" be announced ahead of the legal deadline for the negotiations of Oct. 30 and that the new contract would take effect November 1. A union of workers at Lundin Mining´s much smaller Candelaria copper mine in Chile walked off the job on Thursday after talks broke down earlier this week.
|
The talks at Collahuasi - a partnership between Glencore GLEN.N and Anglo American AAL.L with Japanese firms - were widely seen as the most sensitive of 2020 in top copper producer Chile, both because of the size of the union involved and the mine´s importance to the country´s total output. By Fabian Cambero SANTIAGO, Oct 9 (Reuters) - Management and the union at Chile´s Collahuasi copper mine have come to an agreement in labor talks, staving off the threat of a strike at the sprawling deposit, a source with knowledge of the discussions told Reuters on Friday. A union of workers at Lundin Mining´s much smaller Candelaria copper mine in Chile walked off the job on Thursday after talks broke down earlier this week.
|
The talks at Collahuasi - a partnership between Glencore GLEN.N and Anglo American AAL.L with Japanese firms - were widely seen as the most sensitive of 2020 in top copper producer Chile, both because of the size of the union involved and the mine´s importance to the country´s total output. By Fabian Cambero SANTIAGO, Oct 9 (Reuters) - Management and the union at Chile´s Collahuasi copper mine have come to an agreement in labor talks, staving off the threat of a strike at the sprawling deposit, a source with knowledge of the discussions told Reuters on Friday. A union of workers at Lundin Mining´s much smaller Candelaria copper mine in Chile walked off the job on Thursday after talks broke down earlier this week.
|
The talks at Collahuasi - a partnership between Glencore GLEN.N and Anglo American AAL.L with Japanese firms - were widely seen as the most sensitive of 2020 in top copper producer Chile, both because of the size of the union involved and the mine´s importance to the country´s total output. By Fabian Cambero SANTIAGO, Oct 9 (Reuters) - Management and the union at Chile´s Collahuasi copper mine have come to an agreement in labor talks, staving off the threat of a strike at the sprawling deposit, a source with knowledge of the discussions told Reuters on Friday. Collahuasi is one of Chile´s largest mines.
|
5163.0
|
2020-10-09 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-GE, eBay, Mallinckrodt, VivoPower International, Kronos Bio, Vontier
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-ge-ebay-mallinckrodt-vivopower-international-kronos-bio
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes rose on Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more federal fiscal aid and growing expectations of a Democratic victory in next month's presidential election. .N
At 13:29 ET, the Dow Jones Industrial Average .DJI was up 0.53% at 28,574.82. The S&P 500 .SPX was up 0.81% at 3,474.81 and the Nasdaq Composite .IXIC was up 1.20% at 11,557.588. The top three S&P 500 .PG.INX percentage gainers: ** Xilinx Inc , up 13.8% ** eBay Inc , up 5.8% ** Etsy Inc , up 5.1% The top three S&P 500 .PL.INX percentage losers: ** Vontier Corp , down 13.8% ** Advanced Micro Devices Inc , down 4.4% ** Apache Corp , down 3.7 % The top three NYSE .PG.N percentage gainers: ** WisdomTree Emerging Markets ESG Fund , up 38.6% ** Independence Contract Drilling Inc , up 31.4% ** iHuman Inc , up 28.3% The top three NYSE .PL.N percentage losers: ** Vontier Corp Ord , down 13.8% ** Universal Security Instruments Inc , down 13.5% ** Cootek (Cayman)Inc , down 10.6% The top three Nasdaq .PG.O percentage gainers: ** Marine Petroleum Trust , up 107.9% ** VivoPower International PLC , up 89.3% ** Kronos Bio Inc , up 53.3% The top three Nasdaq .PL.O percentage losers: ** ShiftPixy Inc , down 24.8% ** Pioneer Power Solutions Inc , down 17% ** GeoVax Labs Inc , down 13.1% ** General Electric Co GE.N: up 3.6%
BUZZ-General Electric jumps after GS reinstates 'buy' rating - thefly.com ** Mallinckrodt PLC MNK.N: down 19.3%
BUZZ-Down after report says co's bankruptcy to give control over to bondholders ** Fuelcell Energy Inc FCEL.O: up 7.8%
BUZZ-Surges on winning U.S. Department of Energy funding award ** Kronos Bio Inc KRON.O: up 53.3%
BUZZ-Soars 50% in Nasdaq debut ** eBay Inc EBAY.O: up 5.8%
BUZZ-Gains as Mizuho raises PT on search traffic growth
** Vontier Corp VNT.N: down 13.8%
BUZZ-Falls over 15% in NYSE debut ** NewAge Inc NBEV.O: up 12.6%
BUZZ-Soars on operations expansion to Brazil ** Ring Energy Inc REI.A: down 4.7%
BUZZ-Down as Delaware basin asset sale delayed ** VF Corp VFC.N: down 1.1%
BUZZ-Vans maker VF slides as Stifel downgrades ahead of earnings ** Spruce Biosciences Inc SPRB.O: up 7.4%
BUZZ-Rises 21% on Nasdaq debut
** Shattuck Labs Inc STTK.O: up 5.8%
BUZZ-Rises 30% in Nasdaq debut ** Newmont Corp NEM.N: up 1.0% ** Barrick Gold GOLD.N: up 1.8%
BUZZ-Gold miners rise as weak dollar boosts bullion prices
** American Airlines Group Inc AAL.O: up 1.3% ** Delta Air Lines Inc DAL.N: up 0.7% ** United Airlines Holdings Inc UAL.O: up 0.7%
BUZZ-U.S. airlines: Gain after Trump approves revised stimulus package, Kudlow says ** Coupa Software Inc COUP.O: up 5.1%
BUZZ-Deutsche Bank starts coverage of Coupa Software with 'buy' ** Watford Holdings Ltd WTRE.O: up 8.2%
BUZZ-Rises on $622 mln buyout deal from Arch Capital ** XpresSpa Group Inc XSPA.O: up 0.1%
BUZZ-Up on construction of COVID-19 testing facility at Boston airport ** Eli Lilly & Co LLY.N: up 1.8%
BUZZ-Up after rival Pfizer's breast cancer drug fails late-stage study ** VivoPower International PLC VVPR.O: up 89.3%
BUZZ-Gains on finalizing EV maker acquisition ** ON Semiconductor Corp ON.O: up 2.6%
BUZZ-Gains as brokerages raise price targets ** OPKO Health Inc OPK.O: up 2.1%
BUZZ-Up on launching COVID-19 testing program for NYC schools ** Cytosorbents Corp CTSO.O: up 1.4%
BUZZ-Up on $1.1 mln award to develop plasma filter ** Axovant Gene Therapies Ltd AXGT.O: up 3.6%
BUZZ-Rises on FDA's rare pediatric disease status for gene therapy ** Canopy Growth Corp CGC.N: up 2.0% ** Sundial Growers Inc. SNDL.O: up 0.9%
BUZZ-Cannabis stocks surge further after VP nominee Harris vows to decriminalize pot
** Xilinx Inc XLNX.O: up 13.8% ** Advanced Micro Devices Inc AMD.O: down 4.4% BUZZ-Xilinx soars on report of $30 bln buyout deal from AMD ** Extreme Networks Inc EXTR.O: up 15.1%
BUZZ-Up after raising revenue forecast ** Selecta Biosciences Inc SELB.O: up 3.9%
BUZZ-Rises on research agreement with IGAN Biosciences ** HCA Healthcare Inc HCA.N: up 1.4%
BUZZ-Rises on upbeat quarterly revenue forecast ** NXP Semiconductors NV NXPI.O: up 4.0%
BUZZ-Rises as co hikes quarterly revenue forecast
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.51%
Consumer Discretionary
.SPLRCD
up 1.47%
Consumer Staples
.SPLRCS
up 1.00%
Energy
.SPNY
down 1.28%
Financial
.SPSY
up 0.22%
Health
.SPXHC
up 0.80%
Industrial
.SPLRCI
up 0.61%
Information Technology
.SPLRCT
up 1.24%
Materials
.SPLRCM
up 0.87%
Real Estate
.SPLRCR
down 0.01%
Utilities
.SPLRCU
down 0.28%
(Compiled by Shradha Singh in Bengaluru)
((Shradha.singh@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Xilinx Inc , up 13.8% ** eBay Inc , up 5.8% ** Etsy Inc , up 5.1% The top three S&P 500 .PL.INX percentage losers: ** Vontier Corp , down 13.8% ** Advanced Micro Devices Inc , down 4.4% ** Apache Corp , down 3.7 % The top three NYSE .PG.N percentage gainers: ** WisdomTree Emerging Markets ESG Fund , up 38.6% ** Independence Contract Drilling Inc , up 31.4% ** iHuman Inc , up 28.3% The top three NYSE .PL.N percentage losers: ** Vontier Corp Ord , down 13.8% ** Universal Security Instruments Inc , down 13.5% ** Cootek (Cayman)Inc , down 10.6% The top three Nasdaq .PG.O percentage gainers: ** Marine Petroleum Trust , up 107.9% ** VivoPower International PLC , up 89.3% ** Kronos Bio Inc , up 53.3% The top three Nasdaq .PL.O percentage losers: ** ShiftPixy Inc , down 24.8% ** Pioneer Power Solutions Inc , down 17% ** GeoVax Labs Inc , down 13.1% ** General Electric Co GE.N: up 3.6% BUZZ-General Electric jumps after GS reinstates 'buy' rating - thefly.com ** Mallinckrodt PLC MNK.N: down 19.3% BUZZ-Down after report says co's bankruptcy to give control over to bondholders ** Fuelcell Energy Inc FCEL.O: up 7.8% BUZZ-Surges on winning U.S. Department of Energy funding award ** Kronos Bio Inc KRON.O: up 53.3% BUZZ-Soars 50% in Nasdaq debut ** eBay Inc EBAY.O: up 5.8% BUZZ-Gains as Mizuho raises PT on search traffic growth ** Vontier Corp VNT.N: down 13.8% BUZZ-Falls over 15% in NYSE debut ** NewAge Inc NBEV.O: up 12.6% BUZZ-Soars on operations expansion to Brazil ** Ring Energy Inc REI.A: down 4.7% BUZZ-Down as Delaware basin asset sale delayed ** VF Corp VFC.N: down 1.1% BUZZ-Vans maker VF slides as Stifel downgrades ahead of earnings ** Spruce Biosciences Inc SPRB.O: up 7.4% BUZZ-Rises 21% on Nasdaq debut ** Shattuck Labs Inc STTK.O: up 5.8% BUZZ-Rises 30% in Nasdaq debut ** Newmont Corp NEM.N: up 1.0% ** Barrick Gold GOLD.N: up 1.8% BUZZ-Gold miners rise as weak dollar boosts bullion prices ** American Airlines Group Inc AAL.O: up 1.3% ** Delta Air Lines Inc DAL.N: up 0.7% ** United Airlines Holdings Inc UAL.O: up 0.7% BUZZ-U.S. airlines: Gain after Trump approves revised stimulus package, Kudlow says ** Coupa Software Inc COUP.O: up 5.1% BUZZ-Deutsche Bank starts coverage of Coupa Software with 'buy' ** Watford Holdings Ltd WTRE.O: up 8.2% BUZZ-Rises on $622 mln buyout deal from Arch Capital ** XpresSpa Group Inc XSPA.O: up 0.1% BUZZ-Up on construction of COVID-19 testing facility at Boston airport ** Eli Lilly & Co LLY.N: up 1.8% BUZZ-Up after rival Pfizer's breast cancer drug fails late-stage study ** VivoPower International PLC VVPR.O: up 89.3% BUZZ-Gains on finalizing EV maker acquisition ** ON Semiconductor Corp ON.O: up 2.6% BUZZ-Gains as brokerages raise price targets ** OPKO Health Inc OPK.O: up 2.1% BUZZ-Up on launching COVID-19 testing program for NYC schools ** Cytosorbents Corp CTSO.O: up 1.4% BUZZ-Up on $1.1 mln award to develop plasma filter ** Axovant Gene Therapies Ltd AXGT.O: up 3.6% BUZZ-Rises on FDA's rare pediatric disease status for gene therapy ** Canopy Growth Corp CGC.N: up 2.0% ** Sundial Growers Inc. SNDL.O: up 0.9% BUZZ-Cannabis stocks surge further after VP nominee Harris vows to decriminalize pot ** Xilinx Inc XLNX.O: up 13.8% ** Advanced Micro Devices Inc AMD.O: down 4.4% BUZZ-Xilinx soars on report of $30 bln buyout deal from AMD ** Extreme Networks Inc EXTR.O: up 15.1% BUZZ-Up after raising revenue forecast ** Selecta Biosciences Inc SELB.O: up 3.9% BUZZ-Rises on research agreement with IGAN Biosciences ** HCA Healthcare Inc HCA.N: up 1.4% BUZZ-Rises on upbeat quarterly revenue forecast ** NXP Semiconductors NV NXPI.O: up 4.0% BUZZ-Rises as co hikes quarterly revenue forecast 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 Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more federal fiscal aid and growing expectations of a Democratic victory in next month's presidential election. down 0.28% (Compiled by Shradha Singh in Bengaluru) ((Shradha.singh@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Xilinx Inc , up 13.8% ** eBay Inc , up 5.8% ** Etsy Inc , up 5.1% The top three S&P 500 .PL.INX percentage losers: ** Vontier Corp , down 13.8% ** Advanced Micro Devices Inc , down 4.4% ** Apache Corp , down 3.7 % The top three NYSE .PG.N percentage gainers: ** WisdomTree Emerging Markets ESG Fund , up 38.6% ** Independence Contract Drilling Inc , up 31.4% ** iHuman Inc , up 28.3% The top three NYSE .PL.N percentage losers: ** Vontier Corp Ord , down 13.8% ** Universal Security Instruments Inc , down 13.5% ** Cootek (Cayman)Inc , down 10.6% The top three Nasdaq .PG.O percentage gainers: ** Marine Petroleum Trust , up 107.9% ** VivoPower International PLC , up 89.3% ** Kronos Bio Inc , up 53.3% The top three Nasdaq .PL.O percentage losers: ** ShiftPixy Inc , down 24.8% ** Pioneer Power Solutions Inc , down 17% ** GeoVax Labs Inc , down 13.1% ** General Electric Co GE.N: up 3.6% BUZZ-General Electric jumps after GS reinstates 'buy' rating - thefly.com ** Mallinckrodt PLC MNK.N: down 19.3% BUZZ-Down after report says co's bankruptcy to give control over to bondholders ** Fuelcell Energy Inc FCEL.O: up 7.8% BUZZ-Surges on winning U.S. Department of Energy funding award ** Kronos Bio Inc KRON.O: up 53.3% BUZZ-Soars 50% in Nasdaq debut ** eBay Inc EBAY.O: up 5.8% BUZZ-Gains as Mizuho raises PT on search traffic growth ** Vontier Corp VNT.N: down 13.8% BUZZ-Falls over 15% in NYSE debut ** NewAge Inc NBEV.O: up 12.6% BUZZ-Soars on operations expansion to Brazil ** Ring Energy Inc REI.A: down 4.7% BUZZ-Down as Delaware basin asset sale delayed ** VF Corp VFC.N: down 1.1% BUZZ-Vans maker VF slides as Stifel downgrades ahead of earnings ** Spruce Biosciences Inc SPRB.O: up 7.4% BUZZ-Rises 21% on Nasdaq debut ** Shattuck Labs Inc STTK.O: up 5.8% BUZZ-Rises 30% in Nasdaq debut ** Newmont Corp NEM.N: up 1.0% ** Barrick Gold GOLD.N: up 1.8% BUZZ-Gold miners rise as weak dollar boosts bullion prices ** American Airlines Group Inc AAL.O: up 1.3% ** Delta Air Lines Inc DAL.N: up 0.7% ** United Airlines Holdings Inc UAL.O: up 0.7% BUZZ-U.S. airlines: Gain after Trump approves revised stimulus package, Kudlow says ** Coupa Software Inc COUP.O: up 5.1% BUZZ-Deutsche Bank starts coverage of Coupa Software with 'buy' ** Watford Holdings Ltd WTRE.O: up 8.2% BUZZ-Rises on $622 mln buyout deal from Arch Capital ** XpresSpa Group Inc XSPA.O: up 0.1% BUZZ-Up on construction of COVID-19 testing facility at Boston airport ** Eli Lilly & Co LLY.N: up 1.8% BUZZ-Up after rival Pfizer's breast cancer drug fails late-stage study ** VivoPower International PLC VVPR.O: up 89.3% BUZZ-Gains on finalizing EV maker acquisition ** ON Semiconductor Corp ON.O: up 2.6% BUZZ-Gains as brokerages raise price targets ** OPKO Health Inc OPK.O: up 2.1% BUZZ-Up on launching COVID-19 testing program for NYC schools ** Cytosorbents Corp CTSO.O: up 1.4% BUZZ-Up on $1.1 mln award to develop plasma filter ** Axovant Gene Therapies Ltd AXGT.O: up 3.6% BUZZ-Rises on FDA's rare pediatric disease status for gene therapy ** Canopy Growth Corp CGC.N: up 2.0% ** Sundial Growers Inc. SNDL.O: up 0.9% BUZZ-Cannabis stocks surge further after VP nominee Harris vows to decriminalize pot ** Xilinx Inc XLNX.O: up 13.8% ** Advanced Micro Devices Inc AMD.O: down 4.4% BUZZ-Xilinx soars on report of $30 bln buyout deal from AMD ** Extreme Networks Inc EXTR.O: up 15.1% BUZZ-Up after raising revenue forecast ** Selecta Biosciences Inc SELB.O: up 3.9% BUZZ-Rises on research agreement with IGAN Biosciences ** HCA Healthcare Inc HCA.N: up 1.4% BUZZ-Rises on upbeat quarterly revenue forecast ** NXP Semiconductors NV NXPI.O: up 4.0% BUZZ-Rises as co hikes quarterly revenue forecast 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 Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more federal fiscal aid and growing expectations of a Democratic victory in next month's presidential election. .N At 13:29 ET, the Dow Jones Industrial Average .DJI was up 0.53% at 28,574.82.
|
The top three S&P 500 .PG.INX percentage gainers: ** Xilinx Inc , up 13.8% ** eBay Inc , up 5.8% ** Etsy Inc , up 5.1% The top three S&P 500 .PL.INX percentage losers: ** Vontier Corp , down 13.8% ** Advanced Micro Devices Inc , down 4.4% ** Apache Corp , down 3.7 % The top three NYSE .PG.N percentage gainers: ** WisdomTree Emerging Markets ESG Fund , up 38.6% ** Independence Contract Drilling Inc , up 31.4% ** iHuman Inc , up 28.3% The top three NYSE .PL.N percentage losers: ** Vontier Corp Ord , down 13.8% ** Universal Security Instruments Inc , down 13.5% ** Cootek (Cayman)Inc , down 10.6% The top three Nasdaq .PG.O percentage gainers: ** Marine Petroleum Trust , up 107.9% ** VivoPower International PLC , up 89.3% ** Kronos Bio Inc , up 53.3% The top three Nasdaq .PL.O percentage losers: ** ShiftPixy Inc , down 24.8% ** Pioneer Power Solutions Inc , down 17% ** GeoVax Labs Inc , down 13.1% ** General Electric Co GE.N: up 3.6% BUZZ-General Electric jumps after GS reinstates 'buy' rating - thefly.com ** Mallinckrodt PLC MNK.N: down 19.3% BUZZ-Down after report says co's bankruptcy to give control over to bondholders ** Fuelcell Energy Inc FCEL.O: up 7.8% BUZZ-Surges on winning U.S. Department of Energy funding award ** Kronos Bio Inc KRON.O: up 53.3% BUZZ-Soars 50% in Nasdaq debut ** eBay Inc EBAY.O: up 5.8% BUZZ-Gains as Mizuho raises PT on search traffic growth ** Vontier Corp VNT.N: down 13.8% BUZZ-Falls over 15% in NYSE debut ** NewAge Inc NBEV.O: up 12.6% BUZZ-Soars on operations expansion to Brazil ** Ring Energy Inc REI.A: down 4.7% BUZZ-Down as Delaware basin asset sale delayed ** VF Corp VFC.N: down 1.1% BUZZ-Vans maker VF slides as Stifel downgrades ahead of earnings ** Spruce Biosciences Inc SPRB.O: up 7.4% BUZZ-Rises 21% on Nasdaq debut ** Shattuck Labs Inc STTK.O: up 5.8% BUZZ-Rises 30% in Nasdaq debut ** Newmont Corp NEM.N: up 1.0% ** Barrick Gold GOLD.N: up 1.8% BUZZ-Gold miners rise as weak dollar boosts bullion prices ** American Airlines Group Inc AAL.O: up 1.3% ** Delta Air Lines Inc DAL.N: up 0.7% ** United Airlines Holdings Inc UAL.O: up 0.7% BUZZ-U.S. airlines: Gain after Trump approves revised stimulus package, Kudlow says ** Coupa Software Inc COUP.O: up 5.1% BUZZ-Deutsche Bank starts coverage of Coupa Software with 'buy' ** Watford Holdings Ltd WTRE.O: up 8.2% BUZZ-Rises on $622 mln buyout deal from Arch Capital ** XpresSpa Group Inc XSPA.O: up 0.1% BUZZ-Up on construction of COVID-19 testing facility at Boston airport ** Eli Lilly & Co LLY.N: up 1.8% BUZZ-Up after rival Pfizer's breast cancer drug fails late-stage study ** VivoPower International PLC VVPR.O: up 89.3% BUZZ-Gains on finalizing EV maker acquisition ** ON Semiconductor Corp ON.O: up 2.6% BUZZ-Gains as brokerages raise price targets ** OPKO Health Inc OPK.O: up 2.1% BUZZ-Up on launching COVID-19 testing program for NYC schools ** Cytosorbents Corp CTSO.O: up 1.4% BUZZ-Up on $1.1 mln award to develop plasma filter ** Axovant Gene Therapies Ltd AXGT.O: up 3.6% BUZZ-Rises on FDA's rare pediatric disease status for gene therapy ** Canopy Growth Corp CGC.N: up 2.0% ** Sundial Growers Inc. SNDL.O: up 0.9% BUZZ-Cannabis stocks surge further after VP nominee Harris vows to decriminalize pot ** Xilinx Inc XLNX.O: up 13.8% ** Advanced Micro Devices Inc AMD.O: down 4.4% BUZZ-Xilinx soars on report of $30 bln buyout deal from AMD ** Extreme Networks Inc EXTR.O: up 15.1% BUZZ-Up after raising revenue forecast ** Selecta Biosciences Inc SELB.O: up 3.9% BUZZ-Rises on research agreement with IGAN Biosciences ** HCA Healthcare Inc HCA.N: up 1.4% BUZZ-Rises on upbeat quarterly revenue forecast ** NXP Semiconductors NV NXPI.O: up 4.0% BUZZ-Rises as co hikes quarterly revenue forecast 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 Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more federal fiscal aid and growing expectations of a Democratic victory in next month's presidential election. up 0.51% Consumer Discretionary
|
The top three S&P 500 .PG.INX percentage gainers: ** Xilinx Inc , up 13.8% ** eBay Inc , up 5.8% ** Etsy Inc , up 5.1% The top three S&P 500 .PL.INX percentage losers: ** Vontier Corp , down 13.8% ** Advanced Micro Devices Inc , down 4.4% ** Apache Corp , down 3.7 % The top three NYSE .PG.N percentage gainers: ** WisdomTree Emerging Markets ESG Fund , up 38.6% ** Independence Contract Drilling Inc , up 31.4% ** iHuman Inc , up 28.3% The top three NYSE .PL.N percentage losers: ** Vontier Corp Ord , down 13.8% ** Universal Security Instruments Inc , down 13.5% ** Cootek (Cayman)Inc , down 10.6% The top three Nasdaq .PG.O percentage gainers: ** Marine Petroleum Trust , up 107.9% ** VivoPower International PLC , up 89.3% ** Kronos Bio Inc , up 53.3% The top three Nasdaq .PL.O percentage losers: ** ShiftPixy Inc , down 24.8% ** Pioneer Power Solutions Inc , down 17% ** GeoVax Labs Inc , down 13.1% ** General Electric Co GE.N: up 3.6% BUZZ-General Electric jumps after GS reinstates 'buy' rating - thefly.com ** Mallinckrodt PLC MNK.N: down 19.3% BUZZ-Down after report says co's bankruptcy to give control over to bondholders ** Fuelcell Energy Inc FCEL.O: up 7.8% BUZZ-Surges on winning U.S. Department of Energy funding award ** Kronos Bio Inc KRON.O: up 53.3% BUZZ-Soars 50% in Nasdaq debut ** eBay Inc EBAY.O: up 5.8% BUZZ-Gains as Mizuho raises PT on search traffic growth ** Vontier Corp VNT.N: down 13.8% BUZZ-Falls over 15% in NYSE debut ** NewAge Inc NBEV.O: up 12.6% BUZZ-Soars on operations expansion to Brazil ** Ring Energy Inc REI.A: down 4.7% BUZZ-Down as Delaware basin asset sale delayed ** VF Corp VFC.N: down 1.1% BUZZ-Vans maker VF slides as Stifel downgrades ahead of earnings ** Spruce Biosciences Inc SPRB.O: up 7.4% BUZZ-Rises 21% on Nasdaq debut ** Shattuck Labs Inc STTK.O: up 5.8% BUZZ-Rises 30% in Nasdaq debut ** Newmont Corp NEM.N: up 1.0% ** Barrick Gold GOLD.N: up 1.8% BUZZ-Gold miners rise as weak dollar boosts bullion prices ** American Airlines Group Inc AAL.O: up 1.3% ** Delta Air Lines Inc DAL.N: up 0.7% ** United Airlines Holdings Inc UAL.O: up 0.7% BUZZ-U.S. airlines: Gain after Trump approves revised stimulus package, Kudlow says ** Coupa Software Inc COUP.O: up 5.1% BUZZ-Deutsche Bank starts coverage of Coupa Software with 'buy' ** Watford Holdings Ltd WTRE.O: up 8.2% BUZZ-Rises on $622 mln buyout deal from Arch Capital ** XpresSpa Group Inc XSPA.O: up 0.1% BUZZ-Up on construction of COVID-19 testing facility at Boston airport ** Eli Lilly & Co LLY.N: up 1.8% BUZZ-Up after rival Pfizer's breast cancer drug fails late-stage study ** VivoPower International PLC VVPR.O: up 89.3% BUZZ-Gains on finalizing EV maker acquisition ** ON Semiconductor Corp ON.O: up 2.6% BUZZ-Gains as brokerages raise price targets ** OPKO Health Inc OPK.O: up 2.1% BUZZ-Up on launching COVID-19 testing program for NYC schools ** Cytosorbents Corp CTSO.O: up 1.4% BUZZ-Up on $1.1 mln award to develop plasma filter ** Axovant Gene Therapies Ltd AXGT.O: up 3.6% BUZZ-Rises on FDA's rare pediatric disease status for gene therapy ** Canopy Growth Corp CGC.N: up 2.0% ** Sundial Growers Inc. SNDL.O: up 0.9% BUZZ-Cannabis stocks surge further after VP nominee Harris vows to decriminalize pot ** Xilinx Inc XLNX.O: up 13.8% ** Advanced Micro Devices Inc AMD.O: down 4.4% BUZZ-Xilinx soars on report of $30 bln buyout deal from AMD ** Extreme Networks Inc EXTR.O: up 15.1% BUZZ-Up after raising revenue forecast ** Selecta Biosciences Inc SELB.O: up 3.9% BUZZ-Rises on research agreement with IGAN Biosciences ** HCA Healthcare Inc HCA.N: up 1.4% BUZZ-Rises on upbeat quarterly revenue forecast ** NXP Semiconductors NV NXPI.O: up 4.0% BUZZ-Rises as co hikes quarterly revenue forecast 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 Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more federal fiscal aid and growing expectations of a Democratic victory in next month's presidential election. .N At 13:29 ET, the Dow Jones Industrial Average .DJI was up 0.53% at 28,574.82.
|
5164.0
|
2020-10-09 00:00:00 UTC
|
McConnell says airline aid should be part of COVID aid but future is 'murky'
|
AAL
|
https://www.nasdaq.com/articles/mcconnell-says-airline-aid-should-be-part-of-covid-aid-but-future-is-murky-2020-10-09
|
nan
|
nan
|
WASHINGTON, Oct 9 (Reuters) - U.S. Senate Majority Leader Mitch McConnell on Friday said the prospect for more COVID-19 federal aid, including additional relief for airlines, was "murky" with less than one month until the Nov. 3 election, even as he reiterated that the Senate would move ahead with President Donald Trump's Supreme Court nominee.
"If there's another package, I think there’s pretty widespread agreement that airlines ought to be part of it. As to whether the system would swallow an airlines only … that’s not clear either," McConnell told a news conference in Kentucky. "I just think the situation's kind of murky, and I think the murkiness is a result of the proximity of the election."
(Reporting by David Morgan and Susan Heavey Editing by Chizu Nomiyama)
((sheavey@thomsonreuters.com; +1 202 843 6600;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
WASHINGTON, Oct 9 (Reuters) - U.S. Senate Majority Leader Mitch McConnell on Friday said the prospect for more COVID-19 federal aid, including additional relief for airlines, was "murky" with less than one month until the Nov. 3 election, even as he reiterated that the Senate would move ahead with President Donald Trump's Supreme Court nominee. As to whether the system would swallow an airlines only … that’s not clear either," McConnell told a news conference in Kentucky. (Reporting by David Morgan and Susan Heavey Editing by Chizu Nomiyama) ((sheavey@thomsonreuters.com; +1 202 843 6600;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
WASHINGTON, Oct 9 (Reuters) - U.S. Senate Majority Leader Mitch McConnell on Friday said the prospect for more COVID-19 federal aid, including additional relief for airlines, was "murky" with less than one month until the Nov. 3 election, even as he reiterated that the Senate would move ahead with President Donald Trump's Supreme Court nominee. "If there's another package, I think there’s pretty widespread agreement that airlines ought to be part of it. (Reporting by David Morgan and Susan Heavey Editing by Chizu Nomiyama) ((sheavey@thomsonreuters.com; +1 202 843 6600;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
WASHINGTON, Oct 9 (Reuters) - U.S. Senate Majority Leader Mitch McConnell on Friday said the prospect for more COVID-19 federal aid, including additional relief for airlines, was "murky" with less than one month until the Nov. 3 election, even as he reiterated that the Senate would move ahead with President Donald Trump's Supreme Court nominee. As to whether the system would swallow an airlines only … that’s not clear either," McConnell told a news conference in Kentucky. (Reporting by David Morgan and Susan Heavey Editing by Chizu Nomiyama) ((sheavey@thomsonreuters.com; +1 202 843 6600;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
WASHINGTON, Oct 9 (Reuters) - U.S. Senate Majority Leader Mitch McConnell on Friday said the prospect for more COVID-19 federal aid, including additional relief for airlines, was "murky" with less than one month until the Nov. 3 election, even as he reiterated that the Senate would move ahead with President Donald Trump's Supreme Court nominee. "If there's another package, I think there’s pretty widespread agreement that airlines ought to be part of it. As to whether the system would swallow an airlines only … that’s not clear either," McConnell told a news conference in Kentucky.
|
5165.0
|
2020-10-09 00:00:00 UTC
|
US STOCKS-S&P 500 set for second straight weekly gain on stimulus hopes
|
AAL
|
https://www.nasdaq.com/articles/us-stocks-sp-500-set-for-second-straight-weekly-gain-on-stimulus-hopes-2020-10-09
|
nan
|
nan
|
By Devik Jain
Oct 9 (Reuters) - Wall Street's main indexes were set to rise on Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more fiscal aid and growing expectations of a Democratic victory in next month's presidential election.
After stalling talks on a comprehensive aid package earlier this week, U.S. President Donald Trump on Thursday called for a "skinny" relief bill that would include elements such as direct payments and a bailout to the struggling airline sector.
Shares of JetBlue Airways Corp JBLU.O, Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O and United Airlines Holdings Inc UAL.O edged higher in premarket trading.
"The market is continuing to rise on hopes of some sort of a conclusion (on stimulus), not only to the airlines, but to the rest of the country," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
At 8:46 a.m. ET, Dow e-minis 1YMcv1were up 121 points, or 0.43%, S&P 500 e-minis EScv1were up 16.75 points, or 0.49%, and Nasdaq 100 e-minis NQcv1were up 59 points, or 0.51%.
Recent trading on Wall Street has been dictated by negotiations in Washington on more fiscal aid, with stocks falling sharply on Tuesday after Trump broke off talks with Democrats.
The three main stock indexes have since recovered, with investors beginning to digest the possibility of Biden winning the Nov. 3 election after a fractious debate last month led to a jump in his lead over Trump in several national polls.
"Some of the market sectors that would be thought of as performing better under a Biden administration have started pricing in a higher probability of a Biden victory," said Dan Eye, head of asset allocation and equity at Fort Pitt Capital Group in Harrisburg, Pennsylvania.
Gains of about 10% have put the S&P small-cap .SPCY and mid-cap .IDX indexes on course for their best two-week run since June, outperforming a 4.5% increase in the benchmark S&P 500 over the same period.
In company news, Xilinx Inc XLNX.O surged 17.4% after a report said Advanced Micro Devices Inc AMD.O was in talks to buy the chipmaker in a deal that could be valued at more than $30 billion. Shares of AMD fell 2.6%.
General Electric Co GE.N jumped 6.0% as a report said Goldman Sachs reinstated coverage on the U.S. industrial conglomerate with a "buy" rating, saying the company will emerge stronger from the COVID-19 pandemic.
Gilead Sciences Inc GILD.O rose 2.2% after final data from the drugmaker's antiviral drug remdesivir showed the treatment cut COVID-19 recovery time by five days.
Attention from next week will also be on Corporate America's third-quarter earnings season, kicked off by JPMorgan Chase & Co JPM.N, Citigroup Inc C.N and drugmaker Johnson and Johnson JNJ.N.
Analysts expect earnings at S&P 500 firms to have dropped about 21% in the quarter, according to IBES data from Refinitiv.
(Reporting by Devik Jain and Sagarika Jaisinghani in Bengaluru; Editing by Maju Samuel)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of JetBlue Airways Corp JBLU.O, Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O and United Airlines Holdings Inc UAL.O edged higher in premarket trading. After stalling talks on a comprehensive aid package earlier this week, U.S. President Donald Trump on Thursday called for a "skinny" relief bill that would include elements such as direct payments and a bailout to the struggling airline sector. Recent trading on Wall Street has been dictated by negotiations in Washington on more fiscal aid, with stocks falling sharply on Tuesday after Trump broke off talks with Democrats.
|
Shares of JetBlue Airways Corp JBLU.O, Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O and United Airlines Holdings Inc UAL.O edged higher in premarket trading. By Devik Jain Oct 9 (Reuters) - Wall Street's main indexes were set to rise on Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more fiscal aid and growing expectations of a Democratic victory in next month's presidential election. ET, Dow e-minis 1YMcv1were up 121 points, or 0.43%, S&P 500 e-minis EScv1were up 16.75 points, or 0.49%, and Nasdaq 100 e-minis NQcv1were up 59 points, or 0.51%.
|
Shares of JetBlue Airways Corp JBLU.O, Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O and United Airlines Holdings Inc UAL.O edged higher in premarket trading. By Devik Jain Oct 9 (Reuters) - Wall Street's main indexes were set to rise on Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more fiscal aid and growing expectations of a Democratic victory in next month's presidential election. After stalling talks on a comprehensive aid package earlier this week, U.S. President Donald Trump on Thursday called for a "skinny" relief bill that would include elements such as direct payments and a bailout to the struggling airline sector.
|
Shares of JetBlue Airways Corp JBLU.O, Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O and United Airlines Holdings Inc UAL.O edged higher in premarket trading. By Devik Jain Oct 9 (Reuters) - Wall Street's main indexes were set to rise on Friday, setting up the S&P 500 and the Dow for their second straight weekly gain on hopes of more fiscal aid and growing expectations of a Democratic victory in next month's presidential election. After stalling talks on a comprehensive aid package earlier this week, U.S. President Donald Trump on Thursday called for a "skinny" relief bill that would include elements such as direct payments and a bailout to the struggling airline sector.
|
5166.0
|
2020-10-09 00:00:00 UTC
|
How to Trade Delta Air Lines Ahead of Next Week’s Earnings Report
|
AAL
|
https://www.nasdaq.com/articles/how-to-trade-delta-air-lines-ahead-of-next-weeks-earnings-report-2020-10-09
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The will-they-won’t-they stimulus game has stolen the headlines. And airline stocks are once again being roiled with every Trump tweet. Given the wicked day-to-day gyrations seen in the likes of Delta Air Lines (NYSE:DAL) and crew, it’s a wonder why any short-term traders would bother with trading DAL stock or others in the industry at all. Particularly when there is so much low-hanging fruit in the tech sector.
Source: Markus Mainka / Shutterstock.com
Ah, but Oct. 13 is just days away and that’s when the carrier reports third-quarter earnings, which could provide a catalyst for new trade ideas. After breaking down Delta’s lackluster price chart, we’ll dissect what the options market is saying about volatility expectations surrounding the event.
Turbulent Holding Pattern for DAL Stock
Click to EnlargeSource: The thinkorswim® platform from TD Ameritrade Source: The thinkorswim® platform from TD Ameritrade
7 Innovative Stocks Pushing Our World Ahead
The report will be rough, Barron’s noted earlier this week. Delta is expected to report a pretax loss of $2.4 billion, with revenue plunging 74% to $3.2 billion. Analysts expect the airline to report an adjusted loss of $3.08 a share.
DAL stock finds itself flying a circuitous route to nowhere. It first fell to $32 on March 16, and yet here we are seven months later wrestling with the same level. Meanwhile, the small cap-laden Russell 2000 index has recovered the lion’s share of its losses. The stark relative weakness speaks to the continued stigma hanging over airline stocks following the global pandemic. Air traffic remains a far cry from its pre-novel coronavirus heights, and the balance sheets of everyone from Delta to American Airlines (NASDAQ:AAL) is in shambles.
Talk of another round of stimulus and bailouts fuels bullish hopes, but the chart remains a mess. We’ve seen multiple attempts to rise anew since March, but ultimately DAL stock price couldn’t achieve enough lift. If there’s one thing that investing in beaten-down airlines has required, it’s patience. But it’s one thing to sit tight while the rest of the market is acting like garbage. It’s quite another to stay satisfied with your dead-money holdings when everyone else is on a rocket ship ride to the moon.
One price zone to focus on is $35. It marks the high of Delta’s recent range as well as the 200-day moving average. Pushing above it would signal to spectators that a new uptrend has begun.
Volatility Expectations
If you’re expecting fireworks out of next Tuesday’s report, then prepare to be disappointed. For starters, every day is like an earnings announcement for DAL stock these days. Large percentage moves are the norm. As a result, implied volatility hasn’t experienced any sort of ramp into the event. It’s still high on an absolute basis at 73%, but relative to the insane heights reached during the March massacre, it’s low. We’re officially perched at the 18th percentile of its one-year range.
We can look at the cost of the straddle that expires on Oct. 16 to gauge just how much movement is being baked in. The $32-strike straddle trades for $2.82. That translates into an expected move of 8.8% over the next week. Given the day-to-day volatility of late, it seems fair — which is unfortunate. If premiums appeared overly juicy or too cheap, we could build a strategy to capitalize. As is, however, I see no edge.
Trading Choices
Ultimately, I think we have two choices to trade the stock here.
Wait for earnings to pass and price to push past the 200-day. Then you can enter with confidence that Delta has mustered the strength to break free of its range finally.
Or … if you can’t help but buy now in anticipation of some future rise, then at least use options to lower your cost basis. Either sell November naked puts at lower strikes or sell covered calls a stock purchase. That way, you’ll get paid to wait if DAL stock continues to tread water.
On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article.
For a free trial to the best trading community on the planet and Tyler’s current home, click here!
More From InvestorPlace
Why Everyone Is Investing in 5G All WRONG
America’s #1 Stock Picker Reveals His Next 1,000% Winner
Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company
Could Tiny “Super” Battery Kill Big Tech?
The post How to Trade Delta Air Lines Ahead of Next Week’s Earnings Report 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.
|
Air traffic remains a far cry from its pre-novel coronavirus heights, and the balance sheets of everyone from Delta to American Airlines (NASDAQ:AAL) is in shambles. Source: Markus Mainka / Shutterstock.com Ah, but Oct. 13 is just days away and that’s when the carrier reports third-quarter earnings, which could provide a catalyst for new trade ideas. We’ve seen multiple attempts to rise anew since March, but ultimately DAL stock price couldn’t achieve enough lift.
|
Air traffic remains a far cry from its pre-novel coronavirus heights, and the balance sheets of everyone from Delta to American Airlines (NASDAQ:AAL) is in shambles. After breaking down Delta’s lackluster price chart, we’ll dissect what the options market is saying about volatility expectations surrounding the event. Click to EnlargeSource: The thinkorswim® platform from TD Ameritrade Source: The thinkorswim® platform from TD Ameritrade 7 Innovative Stocks Pushing Our World Ahead The report will be rough, Barron’s noted earlier this week.
|
Air traffic remains a far cry from its pre-novel coronavirus heights, and the balance sheets of everyone from Delta to American Airlines (NASDAQ:AAL) is in shambles. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The will-they-won’t-they stimulus game has stolen the headlines. Given the wicked day-to-day gyrations seen in the likes of Delta Air Lines (NYSE:DAL) and crew, it’s a wonder why any short-term traders would bother with trading DAL stock or others in the industry at all.
|
Air traffic remains a far cry from its pre-novel coronavirus heights, and the balance sheets of everyone from Delta to American Airlines (NASDAQ:AAL) is in shambles. Turbulent Holding Pattern for DAL Stock Analysts expect the airline to report an adjusted loss of $3.08 a share.
|
5167.0
|
2020-10-09 00:00:00 UTC
|
White House preparing $1.8 trln coronavirus relief offer-Wall Street Journal
|
AAL
|
https://www.nasdaq.com/articles/white-house-preparing-%241.8-trln-coronavirus-relief-offer-wall-street-journal-2020-10-09
|
nan
|
nan
|
WASHINGTON, Oct 9 (Reuters) - The White House is preparing a COVID-19 relief package of $1.8 trillion to offer lawmakers as negotiations resume on helping blunt economic pain caused by the deadly coronavirus pandemic, the Wall Street Journal reported on Friday, citing people familiar with the discussions.
(Reporting by Lisa Lambert)
((lisa.lambert@thomsonreuters.com; +1 202 898 8328; Reuters Messaging: lisa.lambert.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.
|
WASHINGTON, Oct 9 (Reuters) - The White House is preparing a COVID-19 relief package of $1.8 trillion to offer lawmakers as negotiations resume on helping blunt economic pain caused by the deadly coronavirus pandemic, the Wall Street Journal reported on Friday, citing people familiar with the discussions. (Reporting by Lisa Lambert) ((lisa.lambert@thomsonreuters.com; +1 202 898 8328; Reuters Messaging: lisa.lambert.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.
|
WASHINGTON, Oct 9 (Reuters) - The White House is preparing a COVID-19 relief package of $1.8 trillion to offer lawmakers as negotiations resume on helping blunt economic pain caused by the deadly coronavirus pandemic, the Wall Street Journal reported on Friday, citing people familiar with the discussions. (Reporting by Lisa Lambert) ((lisa.lambert@thomsonreuters.com; +1 202 898 8328; Reuters Messaging: lisa.lambert.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.
|
WASHINGTON, Oct 9 (Reuters) - The White House is preparing a COVID-19 relief package of $1.8 trillion to offer lawmakers as negotiations resume on helping blunt economic pain caused by the deadly coronavirus pandemic, the Wall Street Journal reported on Friday, citing people familiar with the discussions. (Reporting by Lisa Lambert) ((lisa.lambert@thomsonreuters.com; +1 202 898 8328; Reuters Messaging: lisa.lambert.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.
|
WASHINGTON, Oct 9 (Reuters) - The White House is preparing a COVID-19 relief package of $1.8 trillion to offer lawmakers as negotiations resume on helping blunt economic pain caused by the deadly coronavirus pandemic, the Wall Street Journal reported on Friday, citing people familiar with the discussions. (Reporting by Lisa Lambert) ((lisa.lambert@thomsonreuters.com; +1 202 898 8328; Reuters Messaging: lisa.lambert.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.
|
5168.0
|
2020-10-08 00:00:00 UTC
|
US STOCKS-Stimulus hopes lift futures ahead of weekly jobless claims data
|
AAL
|
https://www.nasdaq.com/articles/us-stocks-stimulus-hopes-lift-futures-ahead-of-weekly-jobless-claims-data-2020-10-08
|
nan
|
nan
|
By Sagarika Jaisinghani
Oct 8 (Reuters) - U.S. stock index futures rose for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment ahead of data on weekly jobless claims that is likely to show a labor market recovery continuing to sputter.
The Labor Department's report is expected to show 820,000 Americans filed for unemployment benefits in the week ended Oct. 3, slightly down from 837,000 in the previous week, but still hovering at recession levels.
Signs of a slowing domestic economic rebound and political uncertainty in the run up to the Nov. 3 U.S. presidential election halted a five-month gaining streak for Wall Street's main indexes in September.
Federal Reserve Chair Jerome Powell has since called upon Washington to deliver more fiscal stimulus to support businesses and households.
After U.S. President Donald Trump dashed hopes for a comprehensive coronavirus relief bill on Tuesday, investors are counting on at least a partial deal that could include a bailout package for the battered airline industry.
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.O were up between 0.8% and 1.7% in early premarket trading.
Analysts and fund managers said equity markets had also begun to digest the prospect of Democratic presidential nominee Joe Biden winning the election. Public opinion polls and betting markets have shown support rising for Biden after Trump said last week he had contracted COVID-19.
Trump is scheduled later in the day to appear in his first TV interview since the announcement on Friday. Fox Business Network said the interview would air after 8 a.m. ET (1200 GMT).
At 6:38 a.m. ET, Dow e-minis 1YMcv1 were up 150 points, or 0.53%, S&P 500 e-minis EScv1 were up 17 points, or 0.5%, and Nasdaq 100 e-minis NQcv1 were up 71 points, or 0.62%.
Coty Inc COTY.N jumped 5.1% after the cosmetics maker announced the launch of direct-to-consumer websites for Kylie Skin brand in the UK, France, Germany and Australia.
With the third-quarter earnings season kicking off next week, analysts expect earnings at S&P 500 companies to have dropped about 21% in the quarter from a year ago, according to IBES data from Refinitiv.
(Reporting by Sagarika Jaisinghani and Devik Jain in Bengaluru; Editing by Maju Samuel)
((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.
|
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.O were up between 0.8% and 1.7% in early premarket trading. By Sagarika Jaisinghani Oct 8 (Reuters) - U.S. stock index futures rose for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment ahead of data on weekly jobless claims that is likely to show a labor market recovery continuing to sputter. Signs of a slowing domestic economic rebound and political uncertainty in the run up to the Nov. 3 U.S. presidential election halted a five-month gaining streak for Wall Street's main indexes in September.
|
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.O were up between 0.8% and 1.7% in early premarket trading. The Labor Department's report is expected to show 820,000 Americans filed for unemployment benefits in the week ended Oct. 3, slightly down from 837,000 in the previous week, but still hovering at recession levels. Federal Reserve Chair Jerome Powell has since called upon Washington to deliver more fiscal stimulus to support businesses and households.
|
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.O were up between 0.8% and 1.7% in early premarket trading. By Sagarika Jaisinghani Oct 8 (Reuters) - U.S. stock index futures rose for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment ahead of data on weekly jobless claims that is likely to show a labor market recovery continuing to sputter. The Labor Department's report is expected to show 820,000 Americans filed for unemployment benefits in the week ended Oct. 3, slightly down from 837,000 in the previous week, but still hovering at recession levels.
|
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.O were up between 0.8% and 1.7% in early premarket trading. By Sagarika Jaisinghani Oct 8 (Reuters) - U.S. stock index futures rose for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment ahead of data on weekly jobless claims that is likely to show a labor market recovery continuing to sputter. The Labor Department's report is expected to show 820,000 Americans filed for unemployment benefits in the week ended Oct. 3, slightly down from 837,000 in the previous week, but still hovering at recession levels.
|
5169.0
|
2020-10-08 00:00:00 UTC
|
Two U.S. Republican senators push back against more airline aid
|
AAL
|
https://www.nasdaq.com/articles/two-u.s.-republican-senators-push-back-against-more-airline-aid-2020-10-08
|
nan
|
nan
|
By Tracy Rucinski and David Shepardson
Oct 8 (Reuters) - Two U.S. Republican senators pushed back against proposals to provide cash grants for airlines, saying there are still unused federal loans for the sector and that no other Fortune 500 companies have received taxpayer-funded grants.
U.S. airlines received a $50 billion bailout in March, half in payroll support that was primarily composed of cash grants and half in federal loans. They have been asking for another $25 billion in payroll aid to protect jobs for another six months.
“No one wants to see layoffs, but we have a responsibility to ensure that taxpayer resources are used in an appropriate and equitable manner," Senators Pat Toomey and Mike Lee said in a joint statement.
Their comments come as lawmakers contemplated standalone legislation to help the struggling airline sector after the Trump administration walked away from talks over a larger COVID-19 stimulus package.
However, on Thursday U.S. President Donald Trump said talks with Congress have restarted over further COVID-19 economic relief and that there was a good chance a deal could be reached.
House of Representatives Speaker Nancy Pelosi was scheduled to have another conversation with Treasury Secretary Steven Mnuchin on Thursday, aide Drew Hammill said. She is also due to hold her weekly news conference at 10:45 a.m. (1445 GMT), when more details could emerge.
Airlines shares were sharply higher on Thursday, extending gains a day earlier on hopes for more aid.
American Airlines AAL.O and United Airlines UAL.O began the furlough of 32,000 workers last week, and tens of thousands more at those airlines and others have agreed to voluntary leaves or reduced hours.
American and United have each secured some $5 billion in Treasury loans, though data released earlier this week showed that only 60% of the $25 billion fund, which carries restrictions on executive compensation and share buybacks, had been tapped.
(Reporting by Tracy Rucinski in Chicago and David Shepardson in Washington, Editing by Franklin Paul and Bill Berkrot)
((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.
|
American Airlines AAL.O and United Airlines UAL.O began the furlough of 32,000 workers last week, and tens of thousands more at those airlines and others have agreed to voluntary leaves or reduced hours. “No one wants to see layoffs, but we have a responsibility to ensure that taxpayer resources are used in an appropriate and equitable manner," Senators Pat Toomey and Mike Lee said in a joint statement. Their comments come as lawmakers contemplated standalone legislation to help the struggling airline sector after the Trump administration walked away from talks over a larger COVID-19 stimulus package.
|
American Airlines AAL.O and United Airlines UAL.O began the furlough of 32,000 workers last week, and tens of thousands more at those airlines and others have agreed to voluntary leaves or reduced hours. By Tracy Rucinski and David Shepardson Oct 8 (Reuters) - Two U.S. Republican senators pushed back against proposals to provide cash grants for airlines, saying there are still unused federal loans for the sector and that no other Fortune 500 companies have received taxpayer-funded grants. U.S. airlines received a $50 billion bailout in March, half in payroll support that was primarily composed of cash grants and half in federal loans.
|
American Airlines AAL.O and United Airlines UAL.O began the furlough of 32,000 workers last week, and tens of thousands more at those airlines and others have agreed to voluntary leaves or reduced hours. By Tracy Rucinski and David Shepardson Oct 8 (Reuters) - Two U.S. Republican senators pushed back against proposals to provide cash grants for airlines, saying there are still unused federal loans for the sector and that no other Fortune 500 companies have received taxpayer-funded grants. American and United have each secured some $5 billion in Treasury loans, though data released earlier this week showed that only 60% of the $25 billion fund, which carries restrictions on executive compensation and share buybacks, had been tapped.
|
American Airlines AAL.O and United Airlines UAL.O began the furlough of 32,000 workers last week, and tens of thousands more at those airlines and others have agreed to voluntary leaves or reduced hours. By Tracy Rucinski and David Shepardson Oct 8 (Reuters) - Two U.S. Republican senators pushed back against proposals to provide cash grants for airlines, saying there are still unused federal loans for the sector and that no other Fortune 500 companies have received taxpayer-funded grants. U.S. airlines received a $50 billion bailout in March, half in payroll support that was primarily composed of cash grants and half in federal loans.
|
5170.0
|
2020-10-08 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-Corteva, Martin Marietta Materials, Tesla, Acuity Brands, Dana Inc
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-corteva-martin-marietta-materials-tesla-acuity-brands-dana
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes rose to a one-month high on Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed a recovery in the labor market struggled to gain momentum. .N
At 11:23 a.m. ET, the Dow Jones Industrial Average .DJI was up 0.24% at 28,371.59. The S&P 500 .SPX was up 0.66% at 3,442.18 and the Nasdaq Composite .IXIC was up 0.47% at 11,417.673. The top three S&P 500 .PG.INX percentage gainers: ** International Business Machines Corp IBM.N, up 6.4% ** DTE Energy Co DTE.N, up 6.1% ** Occidental Petroleum Corp OXY.N, up 5% The top three S&P 500 .PL.INX percentage losers: ** Domino's Pizza Inc DPZ.N, down 7.2% ** Amgen Inc AMGN.O, down 4.8% ** Carnival Corp CCL.N, down 2.9% The top three NYSE .PG.N percentage gainers: ** AgeX Therapeutics AGE.N, up 223.6% ** Eaton Vance Corp EV.N, up 47.6% ** Jumia Technologies AG JMIA.N, up 16.2% The top three NYSE .PL.N percentage losers: ** Acuity Brands Inc AYI.N, down 8.7% ** Domino's Pizza Inc DPZ.N, down 7.2% ** ReneSola Ltd SOL.N, down 6.9% The top three Nasdaq .PG.O percentage gainers: ** Oxbridge Re Holdings Ltd OXBR.O, up 44.9% ** Consumer Portfolio Services Inc CPSS.O, up 38.4% ** Alphatec Holdings Inc ATEC.O, up 26.9% The top three Nasdaq .PL.O percentage losers: ** Cytokinetics Inc CYTK.O, down 43.5% ** Ocean Power Technologies Inc OPTT.O, down 21.8% ** Pioneer Power Solutions Inc PPSI.O, down 19.9% ** J.Jill Inc JILL.N: up 5.2% BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 18.5% BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 2.3% ** Eli Lilly and Co LLY.N: up 2.0% BUZZ-Regeneron, Eli Lilly rise as Trump hails their COVID-19 treatments ** Coty Inc COTY.N: up 8.9% BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 26.9% BUZZ-Rises on strong Q3 revenue expectation ** Citigroup Inc C.N: down 0.6% BUZZ-JPM downgrades after bank agrees hefty $400 mln fine ** American Airlines Group Inc AAL.O: up 0.5% ** Delta Air Lines Inc DAL.N: up 0.4% ** United Airlines Holdings Inc UAL.O: up 0.3% ** JetBlue Airways Corp JBLU.O: up 2.5% ** Southwest Airlines Co LUV.N: down 0.1% ** Spirit Airlines Inc SAVE.N: up 2.1% BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 17.2% BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 9.7% BUZZ-Surges on disclosing $177 mln capital raise ** Facebook Inc FB.O: up 1.9% BUZZ-Cowen raises PT on hopes of Q3 ad revenue growth ** International Business Machines Corp IBM.N: up 6.4% BUZZ-IBM gains on plans to spin off infrastructure services unit ** United Microelectronics Corp UMC.N: up 3.4% BUZZ-Rises as September sales jump ** Gilead Sciences Inc GILD.O: up 0.9% BUZZ-Up on procurement contract for remdesivir ** Bausch Health Cos Inc BHC.N: up 10.1% BUZZ-Rises as co expects Q3 revenue above Street estimates ** Intec Pharma Ltd NTEC.O: up 10.0% BUZZ-Surges on research tie-up with Merck ** Arista Networks Inc ANET.N: up 4.3% BUZZ-JPM sees rebound in 2021, upgrades to 'overweight' ** Eaton Vance EV.N: up 47.6% ** Morgan Stanley MS.N: up 0.7% BUZZ-Eaton Vance: Set to open at over 2-yr high on Morgan Stanley buyout ** Roku Inc ROKU.O: up 4.0% BUZZ-Gains after Needham raises PT to Street high ** Lonestar Resources US Inc LONE.O: down 11.1% BUZZ-Falls on trading suspension on Nasdaq ** Jazz Pharmaceuticals Plc JAZZ.O: up 6.1% BUZZ-Up on positive data, fast track tag for sleep disorder drug USN ** Arrowhead Pharmaceuticals Inc ARWR.O: up 3.2% ** Takeda Pharmaceutical Co Ltd TAK.N: up 1.2% BUZZ-Arrowhead, Takeda rise on agreement to develop liver disease treatment ** Domino's Pizza Inc DPZ.N: down 7.2% BUZZ-Down as profit misses expectations on higher costs ** Gevo Inc GEVO.O: up 4.1% BUZZ- Up on raising capital for strategic plans ** Apple Inc AAPL.O: up 0.5% BUZZ-Morgan Stanley raises FY21 iPhone shipment estimates ** Medtronic Plc MDT.N: up 2.4% BUZZ-Medtronic gains after Stifel upgrades to 'buy' ** Cytokinetics Inc CYTK.O: down 43.5% BUZZ-Plunges after mixed data on heart failure drug ** Corteva Inc CTVA.N: up 4.3% BUZZ-Rises after activist investor Starboard Value sees growth ** AMC Entertainment Holdings Inc AMC.N: up 1.9% BUZZ-AMC raises curtains on more U.S. theaters, shares follow suit ** X4 Pharmaceuticals Inc XFOR.O: up 9.1% BUZZ-X4 Pharma rises on FDA's fast track tag for immunodeficiency disease drug ** LSB Industries Inc LXU.N: up 12.7% BUZZ-Up on 7-year contract to supply nitric acid ** Martin Marietta Materials Inc MLM.N: up 2.5% BUZZ-Gains as Deutsche Bank upgrades to 'buy' ** BIO-Key International Inc BKYI.O: up 61.9% BUZZ-Up on contract with U.S. Government Services Agency ** Corbus Pharmaceuticals Holdings Inc CRBP.O: down 2.9% BUZZ-Corbus Pharma falls on plan to slash workforce by 54% ** Tesla Inc TSLA.O: up 1.4% BUZZ-Rises as brokerage reinitiates with "buy" ** PPG Industries Inc PPG.N: up 3.7% BUZZ-Rises on upbeat Q3 forecast as demand improves ** AeroVironment Inc AVAV.O: up 8.2% BUZZ-Jumps after completing solar test flight ** Johnson & Johnson JNJ.N: up 0.8% BUZZ-J&J up on deal to supply 400 mln doses of COVID-19 vaccine candidate to EU ** Acuity Brands Inc AYI.N: down 8.7% BUZZ-Acuity Brands falls as COVID-19 hits Q4 sales, profit ** Science Applications International Corp SAIC.N: up 0.9% BUZZ-Climbs on $49.5 mln U.S. Navy contract ** Microsoft Corp MSFT.O: up 0.3% BUZZ-MS says Microsoft's gaming subscription unit potentially worth $80 bln ** Aziyo Biologics Inc AZYO.O: down 7.1% BUZZ-Rises nearly 2% in Nasdaq debut ** Dana Inc DAN.N: up 4.5% BUZZ-Rises after RBC upgrades to 'outperform' ** FuboTV Inc FUBO.N: up 14.9% BUZZ-Rises 10% in NYSE debut
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.53%
Consumer Discretionary
.SPLRCD
up 0.11%
Consumer Staples
.SPLRCS
up 0.46%
Energy
.SPNY
up 2.09%
Financial
.SPSY
up 0.80%
Health
.SPXHC
up 0.45%
Industrial
.SPLRCI
up 0.33%
Information Technology
.SPLRCT
up 0.56%
Materials
.SPLRCM
up 0.82%
Real Estate
.SPLRCR
up 1.43%
Utilities
.SPLRCU
up 1.05%
(Compiled by C Nivedita in Bengaluru)
((c.nivedita@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** International Business Machines Corp IBM.N, up 6.4% ** DTE Energy Co DTE.N, up 6.1% ** Occidental Petroleum Corp OXY.N, up 5% The top three S&P 500 .PL.INX percentage losers: ** Domino's Pizza Inc DPZ.N, down 7.2% ** Amgen Inc AMGN.O, down 4.8% ** Carnival Corp CCL.N, down 2.9% The top three NYSE .PG.N percentage gainers: ** AgeX Therapeutics AGE.N, up 223.6% ** Eaton Vance Corp EV.N, up 47.6% ** Jumia Technologies AG JMIA.N, up 16.2% The top three NYSE .PL.N percentage losers: ** Acuity Brands Inc AYI.N, down 8.7% ** Domino's Pizza Inc DPZ.N, down 7.2% ** ReneSola Ltd SOL.N, down 6.9% The top three Nasdaq .PG.O percentage gainers: ** Oxbridge Re Holdings Ltd OXBR.O, up 44.9% ** Consumer Portfolio Services Inc CPSS.O, up 38.4% ** Alphatec Holdings Inc ATEC.O, up 26.9% The top three Nasdaq .PL.O percentage losers: ** Cytokinetics Inc CYTK.O, down 43.5% ** Ocean Power Technologies Inc OPTT.O, down 21.8% ** Pioneer Power Solutions Inc PPSI.O, down 19.9% ** J.Jill Inc JILL.N: up 5.2% BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 18.5% BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 2.3% ** Eli Lilly and Co LLY.N: up 2.0% BUZZ-Regeneron, Eli Lilly rise as Trump hails their COVID-19 treatments ** Coty Inc COTY.N: up 8.9% BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 26.9% BUZZ-Rises on strong Q3 revenue expectation ** Citigroup Inc C.N: down 0.6% BUZZ-JPM downgrades after bank agrees hefty $400 mln fine ** American Airlines Group Inc AAL.O: up 0.5% ** Delta Air Lines Inc DAL.N: up 0.4% ** United Airlines Holdings Inc UAL.O: up 0.3% ** JetBlue Airways Corp JBLU.O: up 2.5% ** Southwest Airlines Co LUV.N: down 0.1% ** Spirit Airlines Inc SAVE.N: up 2.1% BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 17.2% BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 9.7% BUZZ-Surges on disclosing $177 mln capital raise ** Facebook Inc FB.O: up 1.9% BUZZ-Cowen raises PT on hopes of Q3 ad revenue growth ** International Business Machines Corp IBM.N: up 6.4% BUZZ-IBM gains on plans to spin off infrastructure services unit ** United Microelectronics Corp UMC.N: up 3.4% BUZZ-Rises as September sales jump ** Gilead Sciences Inc GILD.O: up 0.9% BUZZ-Up on procurement contract for remdesivir ** Bausch Health Cos Inc BHC.N: up 10.1% BUZZ-Rises as co expects Q3 revenue above Street estimates ** Intec Pharma Ltd NTEC.O: up 10.0% BUZZ-Surges on research tie-up with Merck ** Arista Networks Inc ANET.N: up 4.3% BUZZ-JPM sees rebound in 2021, upgrades to 'overweight' ** Eaton Vance EV.N: up 47.6% ** Morgan Stanley MS.N: up 0.7% BUZZ-Eaton Vance: Set to open at over 2-yr high on Morgan Stanley buyout ** Roku Inc ROKU.O: up 4.0% BUZZ-Gains after Needham raises PT to Street high ** Lonestar Resources US Inc LONE.O: down 11.1% BUZZ-Falls on trading suspension on Nasdaq ** Jazz Pharmaceuticals Plc JAZZ.O: up 6.1% BUZZ-Up on positive data, fast track tag for sleep disorder drug USN ** Arrowhead Pharmaceuticals Inc ARWR.O: up 3.2% ** Takeda Pharmaceutical Co Ltd TAK.N: up 1.2% BUZZ-Arrowhead, Takeda rise on agreement to develop liver disease treatment ** Domino's Pizza Inc DPZ.N: down 7.2% BUZZ-Down as profit misses expectations on higher costs ** Gevo Inc GEVO.O: up 4.1% BUZZ- Up on raising capital for strategic plans ** Apple Inc AAPL.O: up 0.5% BUZZ-Morgan Stanley raises FY21 iPhone shipment estimates ** Medtronic Plc MDT.N: up 2.4% BUZZ-Medtronic gains after Stifel upgrades to 'buy' ** Cytokinetics Inc CYTK.O: down 43.5% BUZZ-Plunges after mixed data on heart failure drug ** Corteva Inc CTVA.N: up 4.3% BUZZ-Rises after activist investor Starboard Value sees growth ** AMC Entertainment Holdings Inc AMC.N: up 1.9% BUZZ-AMC raises curtains on more U.S. theaters, shares follow suit ** X4 Pharmaceuticals Inc XFOR.O: up 9.1% BUZZ-X4 Pharma rises on FDA's fast track tag for immunodeficiency disease drug ** LSB Industries Inc LXU.N: up 12.7% BUZZ-Up on 7-year contract to supply nitric acid ** Martin Marietta Materials Inc MLM.N: up 2.5% BUZZ-Gains as Deutsche Bank upgrades to 'buy' ** BIO-Key International Inc BKYI.O: up 61.9% BUZZ-Up on contract with U.S. Government Services Agency ** Corbus Pharmaceuticals Holdings Inc CRBP.O: down 2.9% BUZZ-Corbus Pharma falls on plan to slash workforce by 54% ** Tesla Inc TSLA.O: up 1.4% BUZZ-Rises as brokerage reinitiates with "buy" ** PPG Industries Inc PPG.N: up 3.7% BUZZ-Rises on upbeat Q3 forecast as demand improves ** AeroVironment Inc AVAV.O: up 8.2% BUZZ-Jumps after completing solar test flight ** Johnson & Johnson JNJ.N: up 0.8% BUZZ-J&J up on deal to supply 400 mln doses of COVID-19 vaccine candidate to EU ** Acuity Brands Inc AYI.N: down 8.7% BUZZ-Acuity Brands falls as COVID-19 hits Q4 sales, profit ** Science Applications International Corp SAIC.N: up 0.9% BUZZ-Climbs on $49.5 mln U.S. Navy contract ** Microsoft Corp MSFT.O: up 0.3% BUZZ-MS says Microsoft's gaming subscription unit potentially worth $80 bln ** Aziyo Biologics Inc AZYO.O: down 7.1% BUZZ-Rises nearly 2% in Nasdaq debut ** Dana Inc DAN.N: up 4.5% BUZZ-Rises after RBC upgrades to 'outperform' ** FuboTV Inc FUBO.N: up 14.9% BUZZ-Rises 10% in NYSE debut 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 to a one-month high on Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed a recovery in the labor market struggled to gain momentum. up 1.05% (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** International Business Machines Corp IBM.N, up 6.4% ** DTE Energy Co DTE.N, up 6.1% ** Occidental Petroleum Corp OXY.N, up 5% The top three S&P 500 .PL.INX percentage losers: ** Domino's Pizza Inc DPZ.N, down 7.2% ** Amgen Inc AMGN.O, down 4.8% ** Carnival Corp CCL.N, down 2.9% The top three NYSE .PG.N percentage gainers: ** AgeX Therapeutics AGE.N, up 223.6% ** Eaton Vance Corp EV.N, up 47.6% ** Jumia Technologies AG JMIA.N, up 16.2% The top three NYSE .PL.N percentage losers: ** Acuity Brands Inc AYI.N, down 8.7% ** Domino's Pizza Inc DPZ.N, down 7.2% ** ReneSola Ltd SOL.N, down 6.9% The top three Nasdaq .PG.O percentage gainers: ** Oxbridge Re Holdings Ltd OXBR.O, up 44.9% ** Consumer Portfolio Services Inc CPSS.O, up 38.4% ** Alphatec Holdings Inc ATEC.O, up 26.9% The top three Nasdaq .PL.O percentage losers: ** Cytokinetics Inc CYTK.O, down 43.5% ** Ocean Power Technologies Inc OPTT.O, down 21.8% ** Pioneer Power Solutions Inc PPSI.O, down 19.9% ** J.Jill Inc JILL.N: up 5.2% BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 18.5% BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 2.3% ** Eli Lilly and Co LLY.N: up 2.0% BUZZ-Regeneron, Eli Lilly rise as Trump hails their COVID-19 treatments ** Coty Inc COTY.N: up 8.9% BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 26.9% BUZZ-Rises on strong Q3 revenue expectation ** Citigroup Inc C.N: down 0.6% BUZZ-JPM downgrades after bank agrees hefty $400 mln fine ** American Airlines Group Inc AAL.O: up 0.5% ** Delta Air Lines Inc DAL.N: up 0.4% ** United Airlines Holdings Inc UAL.O: up 0.3% ** JetBlue Airways Corp JBLU.O: up 2.5% ** Southwest Airlines Co LUV.N: down 0.1% ** Spirit Airlines Inc SAVE.N: up 2.1% BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 17.2% BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 9.7% BUZZ-Surges on disclosing $177 mln capital raise ** Facebook Inc FB.O: up 1.9% BUZZ-Cowen raises PT on hopes of Q3 ad revenue growth ** International Business Machines Corp IBM.N: up 6.4% BUZZ-IBM gains on plans to spin off infrastructure services unit ** United Microelectronics Corp UMC.N: up 3.4% BUZZ-Rises as September sales jump ** Gilead Sciences Inc GILD.O: up 0.9% BUZZ-Up on procurement contract for remdesivir ** Bausch Health Cos Inc BHC.N: up 10.1% BUZZ-Rises as co expects Q3 revenue above Street estimates ** Intec Pharma Ltd NTEC.O: up 10.0% BUZZ-Surges on research tie-up with Merck ** Arista Networks Inc ANET.N: up 4.3% BUZZ-JPM sees rebound in 2021, upgrades to 'overweight' ** Eaton Vance EV.N: up 47.6% ** Morgan Stanley MS.N: up 0.7% BUZZ-Eaton Vance: Set to open at over 2-yr high on Morgan Stanley buyout ** Roku Inc ROKU.O: up 4.0% BUZZ-Gains after Needham raises PT to Street high ** Lonestar Resources US Inc LONE.O: down 11.1% BUZZ-Falls on trading suspension on Nasdaq ** Jazz Pharmaceuticals Plc JAZZ.O: up 6.1% BUZZ-Up on positive data, fast track tag for sleep disorder drug USN ** Arrowhead Pharmaceuticals Inc ARWR.O: up 3.2% ** Takeda Pharmaceutical Co Ltd TAK.N: up 1.2% BUZZ-Arrowhead, Takeda rise on agreement to develop liver disease treatment ** Domino's Pizza Inc DPZ.N: down 7.2% BUZZ-Down as profit misses expectations on higher costs ** Gevo Inc GEVO.O: up 4.1% BUZZ- Up on raising capital for strategic plans ** Apple Inc AAPL.O: up 0.5% BUZZ-Morgan Stanley raises FY21 iPhone shipment estimates ** Medtronic Plc MDT.N: up 2.4% BUZZ-Medtronic gains after Stifel upgrades to 'buy' ** Cytokinetics Inc CYTK.O: down 43.5% BUZZ-Plunges after mixed data on heart failure drug ** Corteva Inc CTVA.N: up 4.3% BUZZ-Rises after activist investor Starboard Value sees growth ** AMC Entertainment Holdings Inc AMC.N: up 1.9% BUZZ-AMC raises curtains on more U.S. theaters, shares follow suit ** X4 Pharmaceuticals Inc XFOR.O: up 9.1% BUZZ-X4 Pharma rises on FDA's fast track tag for immunodeficiency disease drug ** LSB Industries Inc LXU.N: up 12.7% BUZZ-Up on 7-year contract to supply nitric acid ** Martin Marietta Materials Inc MLM.N: up 2.5% BUZZ-Gains as Deutsche Bank upgrades to 'buy' ** BIO-Key International Inc BKYI.O: up 61.9% BUZZ-Up on contract with U.S. Government Services Agency ** Corbus Pharmaceuticals Holdings Inc CRBP.O: down 2.9% BUZZ-Corbus Pharma falls on plan to slash workforce by 54% ** Tesla Inc TSLA.O: up 1.4% BUZZ-Rises as brokerage reinitiates with "buy" ** PPG Industries Inc PPG.N: up 3.7% BUZZ-Rises on upbeat Q3 forecast as demand improves ** AeroVironment Inc AVAV.O: up 8.2% BUZZ-Jumps after completing solar test flight ** Johnson & Johnson JNJ.N: up 0.8% BUZZ-J&J up on deal to supply 400 mln doses of COVID-19 vaccine candidate to EU ** Acuity Brands Inc AYI.N: down 8.7% BUZZ-Acuity Brands falls as COVID-19 hits Q4 sales, profit ** Science Applications International Corp SAIC.N: up 0.9% BUZZ-Climbs on $49.5 mln U.S. Navy contract ** Microsoft Corp MSFT.O: up 0.3% BUZZ-MS says Microsoft's gaming subscription unit potentially worth $80 bln ** Aziyo Biologics Inc AZYO.O: down 7.1% BUZZ-Rises nearly 2% in Nasdaq debut ** Dana Inc DAN.N: up 4.5% BUZZ-Rises after RBC upgrades to 'outperform' ** FuboTV Inc FUBO.N: up 14.9% BUZZ-Rises 10% in NYSE debut 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 to a one-month high on Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed a recovery in the labor market struggled to gain momentum. up 1.05% (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** International Business Machines Corp IBM.N, up 6.4% ** DTE Energy Co DTE.N, up 6.1% ** Occidental Petroleum Corp OXY.N, up 5% The top three S&P 500 .PL.INX percentage losers: ** Domino's Pizza Inc DPZ.N, down 7.2% ** Amgen Inc AMGN.O, down 4.8% ** Carnival Corp CCL.N, down 2.9% The top three NYSE .PG.N percentage gainers: ** AgeX Therapeutics AGE.N, up 223.6% ** Eaton Vance Corp EV.N, up 47.6% ** Jumia Technologies AG JMIA.N, up 16.2% The top three NYSE .PL.N percentage losers: ** Acuity Brands Inc AYI.N, down 8.7% ** Domino's Pizza Inc DPZ.N, down 7.2% ** ReneSola Ltd SOL.N, down 6.9% The top three Nasdaq .PG.O percentage gainers: ** Oxbridge Re Holdings Ltd OXBR.O, up 44.9% ** Consumer Portfolio Services Inc CPSS.O, up 38.4% ** Alphatec Holdings Inc ATEC.O, up 26.9% The top three Nasdaq .PL.O percentage losers: ** Cytokinetics Inc CYTK.O, down 43.5% ** Ocean Power Technologies Inc OPTT.O, down 21.8% ** Pioneer Power Solutions Inc PPSI.O, down 19.9% ** J.Jill Inc JILL.N: up 5.2% BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 18.5% BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 2.3% ** Eli Lilly and Co LLY.N: up 2.0% BUZZ-Regeneron, Eli Lilly rise as Trump hails their COVID-19 treatments ** Coty Inc COTY.N: up 8.9% BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 26.9% BUZZ-Rises on strong Q3 revenue expectation ** Citigroup Inc C.N: down 0.6% BUZZ-JPM downgrades after bank agrees hefty $400 mln fine ** American Airlines Group Inc AAL.O: up 0.5% ** Delta Air Lines Inc DAL.N: up 0.4% ** United Airlines Holdings Inc UAL.O: up 0.3% ** JetBlue Airways Corp JBLU.O: up 2.5% ** Southwest Airlines Co LUV.N: down 0.1% ** Spirit Airlines Inc SAVE.N: up 2.1% BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 17.2% BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 9.7% BUZZ-Surges on disclosing $177 mln capital raise ** Facebook Inc FB.O: up 1.9% BUZZ-Cowen raises PT on hopes of Q3 ad revenue growth ** International Business Machines Corp IBM.N: up 6.4% BUZZ-IBM gains on plans to spin off infrastructure services unit ** United Microelectronics Corp UMC.N: up 3.4% BUZZ-Rises as September sales jump ** Gilead Sciences Inc GILD.O: up 0.9% BUZZ-Up on procurement contract for remdesivir ** Bausch Health Cos Inc BHC.N: up 10.1% BUZZ-Rises as co expects Q3 revenue above Street estimates ** Intec Pharma Ltd NTEC.O: up 10.0% BUZZ-Surges on research tie-up with Merck ** Arista Networks Inc ANET.N: up 4.3% BUZZ-JPM sees rebound in 2021, upgrades to 'overweight' ** Eaton Vance EV.N: up 47.6% ** Morgan Stanley MS.N: up 0.7% BUZZ-Eaton Vance: Set to open at over 2-yr high on Morgan Stanley buyout ** Roku Inc ROKU.O: up 4.0% BUZZ-Gains after Needham raises PT to Street high ** Lonestar Resources US Inc LONE.O: down 11.1% BUZZ-Falls on trading suspension on Nasdaq ** Jazz Pharmaceuticals Plc JAZZ.O: up 6.1% BUZZ-Up on positive data, fast track tag for sleep disorder drug USN ** Arrowhead Pharmaceuticals Inc ARWR.O: up 3.2% ** Takeda Pharmaceutical Co Ltd TAK.N: up 1.2% BUZZ-Arrowhead, Takeda rise on agreement to develop liver disease treatment ** Domino's Pizza Inc DPZ.N: down 7.2% BUZZ-Down as profit misses expectations on higher costs ** Gevo Inc GEVO.O: up 4.1% BUZZ- Up on raising capital for strategic plans ** Apple Inc AAPL.O: up 0.5% BUZZ-Morgan Stanley raises FY21 iPhone shipment estimates ** Medtronic Plc MDT.N: up 2.4% BUZZ-Medtronic gains after Stifel upgrades to 'buy' ** Cytokinetics Inc CYTK.O: down 43.5% BUZZ-Plunges after mixed data on heart failure drug ** Corteva Inc CTVA.N: up 4.3% BUZZ-Rises after activist investor Starboard Value sees growth ** AMC Entertainment Holdings Inc AMC.N: up 1.9% BUZZ-AMC raises curtains on more U.S. theaters, shares follow suit ** X4 Pharmaceuticals Inc XFOR.O: up 9.1% BUZZ-X4 Pharma rises on FDA's fast track tag for immunodeficiency disease drug ** LSB Industries Inc LXU.N: up 12.7% BUZZ-Up on 7-year contract to supply nitric acid ** Martin Marietta Materials Inc MLM.N: up 2.5% BUZZ-Gains as Deutsche Bank upgrades to 'buy' ** BIO-Key International Inc BKYI.O: up 61.9% BUZZ-Up on contract with U.S. Government Services Agency ** Corbus Pharmaceuticals Holdings Inc CRBP.O: down 2.9% BUZZ-Corbus Pharma falls on plan to slash workforce by 54% ** Tesla Inc TSLA.O: up 1.4% BUZZ-Rises as brokerage reinitiates with "buy" ** PPG Industries Inc PPG.N: up 3.7% BUZZ-Rises on upbeat Q3 forecast as demand improves ** AeroVironment Inc AVAV.O: up 8.2% BUZZ-Jumps after completing solar test flight ** Johnson & Johnson JNJ.N: up 0.8% BUZZ-J&J up on deal to supply 400 mln doses of COVID-19 vaccine candidate to EU ** Acuity Brands Inc AYI.N: down 8.7% BUZZ-Acuity Brands falls as COVID-19 hits Q4 sales, profit ** Science Applications International Corp SAIC.N: up 0.9% BUZZ-Climbs on $49.5 mln U.S. Navy contract ** Microsoft Corp MSFT.O: up 0.3% BUZZ-MS says Microsoft's gaming subscription unit potentially worth $80 bln ** Aziyo Biologics Inc AZYO.O: down 7.1% BUZZ-Rises nearly 2% in Nasdaq debut ** Dana Inc DAN.N: up 4.5% BUZZ-Rises after RBC upgrades to 'outperform' ** FuboTV Inc FUBO.N: up 14.9% BUZZ-Rises 10% in NYSE debut The 11 major S&P 500 sectors: Communication Services up 0.82% Real Estate up 1.43% Utilities
|
The top three S&P 500 .PG.INX percentage gainers: ** International Business Machines Corp IBM.N, up 6.4% ** DTE Energy Co DTE.N, up 6.1% ** Occidental Petroleum Corp OXY.N, up 5% The top three S&P 500 .PL.INX percentage losers: ** Domino's Pizza Inc DPZ.N, down 7.2% ** Amgen Inc AMGN.O, down 4.8% ** Carnival Corp CCL.N, down 2.9% The top three NYSE .PG.N percentage gainers: ** AgeX Therapeutics AGE.N, up 223.6% ** Eaton Vance Corp EV.N, up 47.6% ** Jumia Technologies AG JMIA.N, up 16.2% The top three NYSE .PL.N percentage losers: ** Acuity Brands Inc AYI.N, down 8.7% ** Domino's Pizza Inc DPZ.N, down 7.2% ** ReneSola Ltd SOL.N, down 6.9% The top three Nasdaq .PG.O percentage gainers: ** Oxbridge Re Holdings Ltd OXBR.O, up 44.9% ** Consumer Portfolio Services Inc CPSS.O, up 38.4% ** Alphatec Holdings Inc ATEC.O, up 26.9% The top three Nasdaq .PL.O percentage losers: ** Cytokinetics Inc CYTK.O, down 43.5% ** Ocean Power Technologies Inc OPTT.O, down 21.8% ** Pioneer Power Solutions Inc PPSI.O, down 19.9% ** J.Jill Inc JILL.N: up 5.2% BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 18.5% BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 2.3% ** Eli Lilly and Co LLY.N: up 2.0% BUZZ-Regeneron, Eli Lilly rise as Trump hails their COVID-19 treatments ** Coty Inc COTY.N: up 8.9% BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 26.9% BUZZ-Rises on strong Q3 revenue expectation ** Citigroup Inc C.N: down 0.6% BUZZ-JPM downgrades after bank agrees hefty $400 mln fine ** American Airlines Group Inc AAL.O: up 0.5% ** Delta Air Lines Inc DAL.N: up 0.4% ** United Airlines Holdings Inc UAL.O: up 0.3% ** JetBlue Airways Corp JBLU.O: up 2.5% ** Southwest Airlines Co LUV.N: down 0.1% ** Spirit Airlines Inc SAVE.N: up 2.1% BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 17.2% BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 9.7% BUZZ-Surges on disclosing $177 mln capital raise ** Facebook Inc FB.O: up 1.9% BUZZ-Cowen raises PT on hopes of Q3 ad revenue growth ** International Business Machines Corp IBM.N: up 6.4% BUZZ-IBM gains on plans to spin off infrastructure services unit ** United Microelectronics Corp UMC.N: up 3.4% BUZZ-Rises as September sales jump ** Gilead Sciences Inc GILD.O: up 0.9% BUZZ-Up on procurement contract for remdesivir ** Bausch Health Cos Inc BHC.N: up 10.1% BUZZ-Rises as co expects Q3 revenue above Street estimates ** Intec Pharma Ltd NTEC.O: up 10.0% BUZZ-Surges on research tie-up with Merck ** Arista Networks Inc ANET.N: up 4.3% BUZZ-JPM sees rebound in 2021, upgrades to 'overweight' ** Eaton Vance EV.N: up 47.6% ** Morgan Stanley MS.N: up 0.7% BUZZ-Eaton Vance: Set to open at over 2-yr high on Morgan Stanley buyout ** Roku Inc ROKU.O: up 4.0% BUZZ-Gains after Needham raises PT to Street high ** Lonestar Resources US Inc LONE.O: down 11.1% BUZZ-Falls on trading suspension on Nasdaq ** Jazz Pharmaceuticals Plc JAZZ.O: up 6.1% BUZZ-Up on positive data, fast track tag for sleep disorder drug USN ** Arrowhead Pharmaceuticals Inc ARWR.O: up 3.2% ** Takeda Pharmaceutical Co Ltd TAK.N: up 1.2% BUZZ-Arrowhead, Takeda rise on agreement to develop liver disease treatment ** Domino's Pizza Inc DPZ.N: down 7.2% BUZZ-Down as profit misses expectations on higher costs ** Gevo Inc GEVO.O: up 4.1% BUZZ- Up on raising capital for strategic plans ** Apple Inc AAPL.O: up 0.5% BUZZ-Morgan Stanley raises FY21 iPhone shipment estimates ** Medtronic Plc MDT.N: up 2.4% BUZZ-Medtronic gains after Stifel upgrades to 'buy' ** Cytokinetics Inc CYTK.O: down 43.5% BUZZ-Plunges after mixed data on heart failure drug ** Corteva Inc CTVA.N: up 4.3% BUZZ-Rises after activist investor Starboard Value sees growth ** AMC Entertainment Holdings Inc AMC.N: up 1.9% BUZZ-AMC raises curtains on more U.S. theaters, shares follow suit ** X4 Pharmaceuticals Inc XFOR.O: up 9.1% BUZZ-X4 Pharma rises on FDA's fast track tag for immunodeficiency disease drug ** LSB Industries Inc LXU.N: up 12.7% BUZZ-Up on 7-year contract to supply nitric acid ** Martin Marietta Materials Inc MLM.N: up 2.5% BUZZ-Gains as Deutsche Bank upgrades to 'buy' ** BIO-Key International Inc BKYI.O: up 61.9% BUZZ-Up on contract with U.S. Government Services Agency ** Corbus Pharmaceuticals Holdings Inc CRBP.O: down 2.9% BUZZ-Corbus Pharma falls on plan to slash workforce by 54% ** Tesla Inc TSLA.O: up 1.4% BUZZ-Rises as brokerage reinitiates with "buy" ** PPG Industries Inc PPG.N: up 3.7% BUZZ-Rises on upbeat Q3 forecast as demand improves ** AeroVironment Inc AVAV.O: up 8.2% BUZZ-Jumps after completing solar test flight ** Johnson & Johnson JNJ.N: up 0.8% BUZZ-J&J up on deal to supply 400 mln doses of COVID-19 vaccine candidate to EU ** Acuity Brands Inc AYI.N: down 8.7% BUZZ-Acuity Brands falls as COVID-19 hits Q4 sales, profit ** Science Applications International Corp SAIC.N: up 0.9% BUZZ-Climbs on $49.5 mln U.S. Navy contract ** Microsoft Corp MSFT.O: up 0.3% BUZZ-MS says Microsoft's gaming subscription unit potentially worth $80 bln ** Aziyo Biologics Inc AZYO.O: down 7.1% BUZZ-Rises nearly 2% in Nasdaq debut ** Dana Inc DAN.N: up 4.5% BUZZ-Rises after RBC upgrades to 'outperform' ** FuboTV Inc FUBO.N: up 14.9% BUZZ-Rises 10% in NYSE debut 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 to a one-month high on Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed a recovery in the labor market struggled to gain momentum. ET, the Dow Jones Industrial Average .DJI was up 0.24% at 28,371.59.
|
5171.0
|
2020-10-08 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-Medtronic, Carnival, JetBlue Airways, Bausch Health, Gilead, Cytokinetics
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-medtronic-carnival-jetblue-airways-bausch-health-gilead
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes rose on Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed jobless claims remained stubbornly high last week. .N
At 9:55 a.m. ET, the Dow Jones Industrial Average .DJI was up 0.44% at 28,427.45. The S&P 500 .SPX was up 0.51% at 3,436.73 and the Nasdaq Composite .IXIC was up 0.47% at 11,418.498. The top three S&P 500 .PG.INX percentage gainers: ** International Business Machines Corp IBM.N, up 7.6% ** Arista Networks Inc ANET.N, up 7.1% ** DTE Energy Co DTE.N, up 6.7% The top three S&P 500 .PL.INX percentage losers: ** Domino's Pizza Inc DPZ.N, down 7% ** Amgen Inc AMGN.O, down 3.3 % ** Carnival Corp CCL.N, down 2.1% The top three NYSE .PG.N percentage gainers: ** AgeX Therapeutics Inc AGE.N, up 244.6% ** Eaton Vance Corp EV.N, up 46.2% ** DPW Holdings Inc DPW.N, up 17.3% The top three NYSE .PL.N percentage losers: ** Renren Inc RENN.N, down 8.6% ** Domino's Pizza Inc DPZ.N, down 7% ** Acuity Brands, Inc AYI.N, down 6% The top three Nasdaq .PG.O percentage gainers: ** Consumer Portfolio Services Inc CPSS.O, up 42.6% ** Alphatec Holdings Inc ATEC.O, up 30.6% ** Carver Bancorp Inc CARV.O, up 17.8% The top three Nasdaq .PL.O percentage losers: ** Cytokinetics Inc CYTK.O, down 42.3% ** Pioneer Power Solutions Inc PPSI.O, down 18.9% ** CVD Equipment Corp CVV.O, down 17.4% ** J.Jill Inc JILL.N: up 3.4% BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 16.3% BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 2.1% ** Eli Lilly and Co LLY.N: up 3.1% BUZZ-Regeneron, Eli Lilly rise as Trump hails their COVID-19 treatments ** Coty Inc COTY.N: up 4.8% BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 30.6% BUZZ-Rises on strong Q3 revenue expectation ** American Airlines Group Inc AAL.O: up 1.9% ** Delta Air Lines Inc DAL.N: up 0.6% ** United Airlines Holdings Inc UAL.O: up 1.5% ** JetBlue Airways Corp JBLU.O: up 1.9% ** Southwest Airlines Co LUV.N: up 0.5% ** Spirit Airlines Inc SAVE.N: up 2.1% BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 21.7% BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 13.9% BUZZ-Surges on disclosing $177 mln capital raise ** Facebook Inc FB.O: up 1.6% BUZZ-Cowen raises PT on hopes of Q3 ad revenue growth ** International Business Machines Corp IBM.N: up 7.6% BUZZ-IBM gains on plans to spin off infrastructure services unit ** United Microelectronics Corp UMC.N: up 12.2% BUZZ-Rises as September sales jump ** Gilead Sciences Inc GILD.O: up 1.7% BUZZ-Up on procurement contract for remdesivir ** Bausch Health Cos Inc BHC.N: up 8.9% BUZZ-Rises as co expects Q3 revenue above Street estimates ** Intec Pharma Ltd NTEC.O: up 15.6% BUZZ-Surges on research tie-up with Merck ** Arista Networks Inc ANET.N: up 7.1% BUZZ-JPM sees rebound in 2021, upgrades to 'overweight' ** Eaton Vance EV.N: up 46.2% ** Morgan Stanley MS.N: down 0.9% BUZZ-Eaton Vance: Set to open at over 2-yr high on Morgan Stanley buyout ** Roku Inc ROKU.O: up 6.0% BUZZ-Gains after Needham raises PT to Street high ** Lonestar Resources US Inc LONE.O: down 12.1% BUZZ-Falls on trading suspension on Nasdaq ** Jazz Pharmaceuticals Plc JAZZ.O: up 6.1% BUZZ-Up on positive data, fast track tag for sleep disorder drug USN ** Arrowhead Pharmaceuticals Inc ARWR.O: up 1.4% ** Takeda Pharmaceutical Co Ltd TAK.N: up 1.3% BUZZ-Arrowhead, Takeda rise on agreement to develop liver disease treatment ** Domino's Pizza Inc DPZ.N: down 7.0% BUZZ-Down as profit misses expectations on higher costs ** Moderna Inc MRNA.O: up 0.6% BUZZ-Rises on plan not to enforce vaccine patent during pandemic ** Caladrius Biosciences Inc CLBS.O: down 0.7% BUZZ-Up on opening early study of cell therapy for COVID-19 lung damage ** Gevo Inc GEVO.O: up 12.0% BUZZ- Up on raising capital for strategic plans ** Apple Inc AAPL.O: up 0.3% BUZZ-Morgan Stanley raises FY21 iPhone shipment estimates ** Medtronic Plc MDT.N: up 3.5% BUZZ-Medtronic gains after Stifel upgrades to 'buy' ** Cytokinetics Inc CYTK.O: down 42.3% BUZZ-Plunges after mixed data on heart failure drug ** Fluidigm Corp FLDM.O: up 0.8% BUZZ-Jumps on offering COVID-19 tests to universities for $5 per test
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.51%
Consumer Discretionary
.SPLRCD
up 0.26%
Consumer Staples
.SPLRCS
up 0.55%
Energy
.SPNY
up 1.67%
Financial
.SPSY
up 0.67%
Health
.SPXHC
up 0.78%
Industrial
.SPLRCI
up 0.40%
Information Technology
.SPLRCT
up 0.48%
Materials
.SPLRCM
up 1.17%
Real Estate
.SPLRCR
up 1.04%
Utilities
.SPLRCU
up 1.13%
(Compiled by C Nivedita in Bengaluru)
((c.nivedita@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** International Business Machines Corp IBM.N, up 7.6% ** Arista Networks Inc ANET.N, up 7.1% ** DTE Energy Co DTE.N, up 6.7% The top three S&P 500 .PL.INX percentage losers: ** Domino's Pizza Inc DPZ.N, down 7% ** Amgen Inc AMGN.O, down 3.3 % ** Carnival Corp CCL.N, down 2.1% The top three NYSE .PG.N percentage gainers: ** AgeX Therapeutics Inc AGE.N, up 244.6% ** Eaton Vance Corp EV.N, up 46.2% ** DPW Holdings Inc DPW.N, up 17.3% The top three NYSE .PL.N percentage losers: ** Renren Inc RENN.N, down 8.6% ** Domino's Pizza Inc DPZ.N, down 7% ** Acuity Brands, Inc AYI.N, down 6% The top three Nasdaq .PG.O percentage gainers: ** Consumer Portfolio Services Inc CPSS.O, up 42.6% ** Alphatec Holdings Inc ATEC.O, up 30.6% ** Carver Bancorp Inc CARV.O, up 17.8% The top three Nasdaq .PL.O percentage losers: ** Cytokinetics Inc CYTK.O, down 42.3% ** Pioneer Power Solutions Inc PPSI.O, down 18.9% ** CVD Equipment Corp CVV.O, down 17.4% ** J.Jill Inc JILL.N: up 3.4% BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 16.3% BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 2.1% ** Eli Lilly and Co LLY.N: up 3.1% BUZZ-Regeneron, Eli Lilly rise as Trump hails their COVID-19 treatments ** Coty Inc COTY.N: up 4.8% BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 30.6% BUZZ-Rises on strong Q3 revenue expectation ** American Airlines Group Inc AAL.O: up 1.9% ** Delta Air Lines Inc DAL.N: up 0.6% ** United Airlines Holdings Inc UAL.O: up 1.5% ** JetBlue Airways Corp JBLU.O: up 1.9% ** Southwest Airlines Co LUV.N: up 0.5% ** Spirit Airlines Inc SAVE.N: up 2.1% BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 21.7% BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 13.9% BUZZ-Surges on disclosing $177 mln capital raise ** Facebook Inc FB.O: up 1.6% BUZZ-Cowen raises PT on hopes of Q3 ad revenue growth ** International Business Machines Corp IBM.N: up 7.6% BUZZ-IBM gains on plans to spin off infrastructure services unit ** United Microelectronics Corp UMC.N: up 12.2% BUZZ-Rises as September sales jump ** Gilead Sciences Inc GILD.O: up 1.7% BUZZ-Up on procurement contract for remdesivir ** Bausch Health Cos Inc BHC.N: up 8.9% BUZZ-Rises as co expects Q3 revenue above Street estimates ** Intec Pharma Ltd NTEC.O: up 15.6% BUZZ-Surges on research tie-up with Merck ** Arista Networks Inc ANET.N: up 7.1% BUZZ-JPM sees rebound in 2021, upgrades to 'overweight' ** Eaton Vance EV.N: up 46.2% ** Morgan Stanley MS.N: down 0.9% BUZZ-Eaton Vance: Set to open at over 2-yr high on Morgan Stanley buyout ** Roku Inc ROKU.O: up 6.0% BUZZ-Gains after Needham raises PT to Street high ** Lonestar Resources US Inc LONE.O: down 12.1% BUZZ-Falls on trading suspension on Nasdaq ** Jazz Pharmaceuticals Plc JAZZ.O: up 6.1% BUZZ-Up on positive data, fast track tag for sleep disorder drug USN ** Arrowhead Pharmaceuticals Inc ARWR.O: up 1.4% ** Takeda Pharmaceutical Co Ltd TAK.N: up 1.3% BUZZ-Arrowhead, Takeda rise on agreement to develop liver disease treatment ** Domino's Pizza Inc DPZ.N: down 7.0% BUZZ-Down as profit misses expectations on higher costs ** Moderna Inc MRNA.O: up 0.6% BUZZ-Rises on plan not to enforce vaccine patent during pandemic ** Caladrius Biosciences Inc CLBS.O: down 0.7% BUZZ-Up on opening early study of cell therapy for COVID-19 lung damage ** Gevo Inc GEVO.O: up 12.0% BUZZ- Up on raising capital for strategic plans ** Apple Inc AAPL.O: up 0.3% BUZZ-Morgan Stanley raises FY21 iPhone shipment estimates ** Medtronic Plc MDT.N: up 3.5% BUZZ-Medtronic gains after Stifel upgrades to 'buy' ** Cytokinetics Inc CYTK.O: down 42.3% BUZZ-Plunges after mixed data on heart failure drug ** Fluidigm Corp FLDM.O: up 0.8% BUZZ-Jumps on offering COVID-19 tests to universities for $5 per test 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 Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed jobless claims remained stubbornly high last week. up 1.13% (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** International Business Machines Corp IBM.N, up 7.6% ** Arista Networks Inc ANET.N, up 7.1% ** DTE Energy Co DTE.N, up 6.7% The top three S&P 500 .PL.INX percentage losers: ** Domino's Pizza Inc DPZ.N, down 7% ** Amgen Inc AMGN.O, down 3.3 % ** Carnival Corp CCL.N, down 2.1% The top three NYSE .PG.N percentage gainers: ** AgeX Therapeutics Inc AGE.N, up 244.6% ** Eaton Vance Corp EV.N, up 46.2% ** DPW Holdings Inc DPW.N, up 17.3% The top three NYSE .PL.N percentage losers: ** Renren Inc RENN.N, down 8.6% ** Domino's Pizza Inc DPZ.N, down 7% ** Acuity Brands, Inc AYI.N, down 6% The top three Nasdaq .PG.O percentage gainers: ** Consumer Portfolio Services Inc CPSS.O, up 42.6% ** Alphatec Holdings Inc ATEC.O, up 30.6% ** Carver Bancorp Inc CARV.O, up 17.8% The top three Nasdaq .PL.O percentage losers: ** Cytokinetics Inc CYTK.O, down 42.3% ** Pioneer Power Solutions Inc PPSI.O, down 18.9% ** CVD Equipment Corp CVV.O, down 17.4% ** J.Jill Inc JILL.N: up 3.4% BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 16.3% BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 2.1% ** Eli Lilly and Co LLY.N: up 3.1% BUZZ-Regeneron, Eli Lilly rise as Trump hails their COVID-19 treatments ** Coty Inc COTY.N: up 4.8% BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 30.6% BUZZ-Rises on strong Q3 revenue expectation ** American Airlines Group Inc AAL.O: up 1.9% ** Delta Air Lines Inc DAL.N: up 0.6% ** United Airlines Holdings Inc UAL.O: up 1.5% ** JetBlue Airways Corp JBLU.O: up 1.9% ** Southwest Airlines Co LUV.N: up 0.5% ** Spirit Airlines Inc SAVE.N: up 2.1% BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 21.7% BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 13.9% BUZZ-Surges on disclosing $177 mln capital raise ** Facebook Inc FB.O: up 1.6% BUZZ-Cowen raises PT on hopes of Q3 ad revenue growth ** International Business Machines Corp IBM.N: up 7.6% BUZZ-IBM gains on plans to spin off infrastructure services unit ** United Microelectronics Corp UMC.N: up 12.2% BUZZ-Rises as September sales jump ** Gilead Sciences Inc GILD.O: up 1.7% BUZZ-Up on procurement contract for remdesivir ** Bausch Health Cos Inc BHC.N: up 8.9% BUZZ-Rises as co expects Q3 revenue above Street estimates ** Intec Pharma Ltd NTEC.O: up 15.6% BUZZ-Surges on research tie-up with Merck ** Arista Networks Inc ANET.N: up 7.1% BUZZ-JPM sees rebound in 2021, upgrades to 'overweight' ** Eaton Vance EV.N: up 46.2% ** Morgan Stanley MS.N: down 0.9% BUZZ-Eaton Vance: Set to open at over 2-yr high on Morgan Stanley buyout ** Roku Inc ROKU.O: up 6.0% BUZZ-Gains after Needham raises PT to Street high ** Lonestar Resources US Inc LONE.O: down 12.1% BUZZ-Falls on trading suspension on Nasdaq ** Jazz Pharmaceuticals Plc JAZZ.O: up 6.1% BUZZ-Up on positive data, fast track tag for sleep disorder drug USN ** Arrowhead Pharmaceuticals Inc ARWR.O: up 1.4% ** Takeda Pharmaceutical Co Ltd TAK.N: up 1.3% BUZZ-Arrowhead, Takeda rise on agreement to develop liver disease treatment ** Domino's Pizza Inc DPZ.N: down 7.0% BUZZ-Down as profit misses expectations on higher costs ** Moderna Inc MRNA.O: up 0.6% BUZZ-Rises on plan not to enforce vaccine patent during pandemic ** Caladrius Biosciences Inc CLBS.O: down 0.7% BUZZ-Up on opening early study of cell therapy for COVID-19 lung damage ** Gevo Inc GEVO.O: up 12.0% BUZZ- Up on raising capital for strategic plans ** Apple Inc AAPL.O: up 0.3% BUZZ-Morgan Stanley raises FY21 iPhone shipment estimates ** Medtronic Plc MDT.N: up 3.5% BUZZ-Medtronic gains after Stifel upgrades to 'buy' ** Cytokinetics Inc CYTK.O: down 42.3% BUZZ-Plunges after mixed data on heart failure drug ** Fluidigm Corp FLDM.O: up 0.8% BUZZ-Jumps on offering COVID-19 tests to universities for $5 per test 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 Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed jobless claims remained stubbornly high last week. up 1.13% (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** International Business Machines Corp IBM.N, up 7.6% ** Arista Networks Inc ANET.N, up 7.1% ** DTE Energy Co DTE.N, up 6.7% The top three S&P 500 .PL.INX percentage losers: ** Domino's Pizza Inc DPZ.N, down 7% ** Amgen Inc AMGN.O, down 3.3 % ** Carnival Corp CCL.N, down 2.1% The top three NYSE .PG.N percentage gainers: ** AgeX Therapeutics Inc AGE.N, up 244.6% ** Eaton Vance Corp EV.N, up 46.2% ** DPW Holdings Inc DPW.N, up 17.3% The top three NYSE .PL.N percentage losers: ** Renren Inc RENN.N, down 8.6% ** Domino's Pizza Inc DPZ.N, down 7% ** Acuity Brands, Inc AYI.N, down 6% The top three Nasdaq .PG.O percentage gainers: ** Consumer Portfolio Services Inc CPSS.O, up 42.6% ** Alphatec Holdings Inc ATEC.O, up 30.6% ** Carver Bancorp Inc CARV.O, up 17.8% The top three Nasdaq .PL.O percentage losers: ** Cytokinetics Inc CYTK.O, down 42.3% ** Pioneer Power Solutions Inc PPSI.O, down 18.9% ** CVD Equipment Corp CVV.O, down 17.4% ** J.Jill Inc JILL.N: up 3.4% BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 16.3% BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 2.1% ** Eli Lilly and Co LLY.N: up 3.1% BUZZ-Regeneron, Eli Lilly rise as Trump hails their COVID-19 treatments ** Coty Inc COTY.N: up 4.8% BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 30.6% BUZZ-Rises on strong Q3 revenue expectation ** American Airlines Group Inc AAL.O: up 1.9% ** Delta Air Lines Inc DAL.N: up 0.6% ** United Airlines Holdings Inc UAL.O: up 1.5% ** JetBlue Airways Corp JBLU.O: up 1.9% ** Southwest Airlines Co LUV.N: up 0.5% ** Spirit Airlines Inc SAVE.N: up 2.1% BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 21.7% BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 13.9% BUZZ-Surges on disclosing $177 mln capital raise ** Facebook Inc FB.O: up 1.6% BUZZ-Cowen raises PT on hopes of Q3 ad revenue growth ** International Business Machines Corp IBM.N: up 7.6% BUZZ-IBM gains on plans to spin off infrastructure services unit ** United Microelectronics Corp UMC.N: up 12.2% BUZZ-Rises as September sales jump ** Gilead Sciences Inc GILD.O: up 1.7% BUZZ-Up on procurement contract for remdesivir ** Bausch Health Cos Inc BHC.N: up 8.9% BUZZ-Rises as co expects Q3 revenue above Street estimates ** Intec Pharma Ltd NTEC.O: up 15.6% BUZZ-Surges on research tie-up with Merck ** Arista Networks Inc ANET.N: up 7.1% BUZZ-JPM sees rebound in 2021, upgrades to 'overweight' ** Eaton Vance EV.N: up 46.2% ** Morgan Stanley MS.N: down 0.9% BUZZ-Eaton Vance: Set to open at over 2-yr high on Morgan Stanley buyout ** Roku Inc ROKU.O: up 6.0% BUZZ-Gains after Needham raises PT to Street high ** Lonestar Resources US Inc LONE.O: down 12.1% BUZZ-Falls on trading suspension on Nasdaq ** Jazz Pharmaceuticals Plc JAZZ.O: up 6.1% BUZZ-Up on positive data, fast track tag for sleep disorder drug USN ** Arrowhead Pharmaceuticals Inc ARWR.O: up 1.4% ** Takeda Pharmaceutical Co Ltd TAK.N: up 1.3% BUZZ-Arrowhead, Takeda rise on agreement to develop liver disease treatment ** Domino's Pizza Inc DPZ.N: down 7.0% BUZZ-Down as profit misses expectations on higher costs ** Moderna Inc MRNA.O: up 0.6% BUZZ-Rises on plan not to enforce vaccine patent during pandemic ** Caladrius Biosciences Inc CLBS.O: down 0.7% BUZZ-Up on opening early study of cell therapy for COVID-19 lung damage ** Gevo Inc GEVO.O: up 12.0% BUZZ- Up on raising capital for strategic plans ** Apple Inc AAPL.O: up 0.3% BUZZ-Morgan Stanley raises FY21 iPhone shipment estimates ** Medtronic Plc MDT.N: up 3.5% BUZZ-Medtronic gains after Stifel upgrades to 'buy' ** Cytokinetics Inc CYTK.O: down 42.3% BUZZ-Plunges after mixed data on heart failure drug ** Fluidigm Corp FLDM.O: up 0.8% BUZZ-Jumps on offering COVID-19 tests to universities for $5 per test The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was up 0.44% at 28,427.45. up 0.40% Information Technology
|
The top three S&P 500 .PG.INX percentage gainers: ** International Business Machines Corp IBM.N, up 7.6% ** Arista Networks Inc ANET.N, up 7.1% ** DTE Energy Co DTE.N, up 6.7% The top three S&P 500 .PL.INX percentage losers: ** Domino's Pizza Inc DPZ.N, down 7% ** Amgen Inc AMGN.O, down 3.3 % ** Carnival Corp CCL.N, down 2.1% The top three NYSE .PG.N percentage gainers: ** AgeX Therapeutics Inc AGE.N, up 244.6% ** Eaton Vance Corp EV.N, up 46.2% ** DPW Holdings Inc DPW.N, up 17.3% The top three NYSE .PL.N percentage losers: ** Renren Inc RENN.N, down 8.6% ** Domino's Pizza Inc DPZ.N, down 7% ** Acuity Brands, Inc AYI.N, down 6% The top three Nasdaq .PG.O percentage gainers: ** Consumer Portfolio Services Inc CPSS.O, up 42.6% ** Alphatec Holdings Inc ATEC.O, up 30.6% ** Carver Bancorp Inc CARV.O, up 17.8% The top three Nasdaq .PL.O percentage losers: ** Cytokinetics Inc CYTK.O, down 42.3% ** Pioneer Power Solutions Inc PPSI.O, down 18.9% ** CVD Equipment Corp CVV.O, down 17.4% ** J.Jill Inc JILL.N: up 3.4% BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 16.3% BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 2.1% ** Eli Lilly and Co LLY.N: up 3.1% BUZZ-Regeneron, Eli Lilly rise as Trump hails their COVID-19 treatments ** Coty Inc COTY.N: up 4.8% BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 30.6% BUZZ-Rises on strong Q3 revenue expectation ** American Airlines Group Inc AAL.O: up 1.9% ** Delta Air Lines Inc DAL.N: up 0.6% ** United Airlines Holdings Inc UAL.O: up 1.5% ** JetBlue Airways Corp JBLU.O: up 1.9% ** Southwest Airlines Co LUV.N: up 0.5% ** Spirit Airlines Inc SAVE.N: up 2.1% BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 21.7% BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 13.9% BUZZ-Surges on disclosing $177 mln capital raise ** Facebook Inc FB.O: up 1.6% BUZZ-Cowen raises PT on hopes of Q3 ad revenue growth ** International Business Machines Corp IBM.N: up 7.6% BUZZ-IBM gains on plans to spin off infrastructure services unit ** United Microelectronics Corp UMC.N: up 12.2% BUZZ-Rises as September sales jump ** Gilead Sciences Inc GILD.O: up 1.7% BUZZ-Up on procurement contract for remdesivir ** Bausch Health Cos Inc BHC.N: up 8.9% BUZZ-Rises as co expects Q3 revenue above Street estimates ** Intec Pharma Ltd NTEC.O: up 15.6% BUZZ-Surges on research tie-up with Merck ** Arista Networks Inc ANET.N: up 7.1% BUZZ-JPM sees rebound in 2021, upgrades to 'overweight' ** Eaton Vance EV.N: up 46.2% ** Morgan Stanley MS.N: down 0.9% BUZZ-Eaton Vance: Set to open at over 2-yr high on Morgan Stanley buyout ** Roku Inc ROKU.O: up 6.0% BUZZ-Gains after Needham raises PT to Street high ** Lonestar Resources US Inc LONE.O: down 12.1% BUZZ-Falls on trading suspension on Nasdaq ** Jazz Pharmaceuticals Plc JAZZ.O: up 6.1% BUZZ-Up on positive data, fast track tag for sleep disorder drug USN ** Arrowhead Pharmaceuticals Inc ARWR.O: up 1.4% ** Takeda Pharmaceutical Co Ltd TAK.N: up 1.3% BUZZ-Arrowhead, Takeda rise on agreement to develop liver disease treatment ** Domino's Pizza Inc DPZ.N: down 7.0% BUZZ-Down as profit misses expectations on higher costs ** Moderna Inc MRNA.O: up 0.6% BUZZ-Rises on plan not to enforce vaccine patent during pandemic ** Caladrius Biosciences Inc CLBS.O: down 0.7% BUZZ-Up on opening early study of cell therapy for COVID-19 lung damage ** Gevo Inc GEVO.O: up 12.0% BUZZ- Up on raising capital for strategic plans ** Apple Inc AAPL.O: up 0.3% BUZZ-Morgan Stanley raises FY21 iPhone shipment estimates ** Medtronic Plc MDT.N: up 3.5% BUZZ-Medtronic gains after Stifel upgrades to 'buy' ** Cytokinetics Inc CYTK.O: down 42.3% BUZZ-Plunges after mixed data on heart failure drug ** Fluidigm Corp FLDM.O: up 0.8% BUZZ-Jumps on offering COVID-19 tests to universities for $5 per test 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 Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed jobless claims remained stubbornly high last week. ET, the Dow Jones Industrial Average .DJI was up 0.44% at 28,427.45.
|
5172.0
|
2020-10-08 00:00:00 UTC
|
American Airlines CEO Says Co. Will Be Forced To Cut Flights Without New Relief Package: CNBC
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-ceo-says-co.-will-be-forced-to-cut-flights-without-new-relief-package%3A
|
nan
|
nan
|
(RTTNews) - American Airlines Group Inc. (AAL) will be forced to discontinue service to additional U.S. markets unless new coronavirus relief package is received, CEO Doug Parker told CNBC on Thursday.
The airline has already cut service to 13 cities through the month of November.
The airlines received aid under the federal Payroll Support Program or PSP under the CARES Act passed by Congress in March, that banned furloughs. They were hoping for an additional $25 billion in funding.
However, House Speaker Nancy Pelosi on Thursday said that there won't be a stand-alone airline aid package without a larger coronavirus stimulus package.
Early this month, with the expiration of US federal payroll program on September 30, American Airlines and United Airlines started to furlough their employees, that is expected to affect around 32,000 workers in total.
However, the companies in their memos to employees reportedly said they will be recalled if and when the Congress passes another financial lifeline to the airline industry.
American Airlines is set to furlough 19,000 employees, as announced in August. This includes around 1,600 pilots. Meanwhile, United Airlines plans to furlough more than 13,000 employees, but no pilots.
Parker said American and other major carriers are pushing back more flight cuts, holding out hope for extra government aid.
"There will absolutely be discontinuation of service to small communities, and there will be much less service to larger communities" without more coronavirus relief, he said.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - American Airlines Group Inc. (AAL) will be forced to discontinue service to additional U.S. markets unless new coronavirus relief package is received, CEO Doug Parker told CNBC on Thursday. The airlines received aid under the federal Payroll Support Program or PSP under the CARES Act passed by Congress in March, that banned furloughs. Parker said American and other major carriers are pushing back more flight cuts, holding out hope for extra government aid.
|
(RTTNews) - American Airlines Group Inc. (AAL) will be forced to discontinue service to additional U.S. markets unless new coronavirus relief package is received, CEO Doug Parker told CNBC on Thursday. The airlines received aid under the federal Payroll Support Program or PSP under the CARES Act passed by Congress in March, that banned furloughs. Early this month, with the expiration of US federal payroll program on September 30, American Airlines and United Airlines started to furlough their employees, that is expected to affect around 32,000 workers in total.
|
(RTTNews) - American Airlines Group Inc. (AAL) will be forced to discontinue service to additional U.S. markets unless new coronavirus relief package is received, CEO Doug Parker told CNBC on Thursday. The airlines received aid under the federal Payroll Support Program or PSP under the CARES Act passed by Congress in March, that banned furloughs. Early this month, with the expiration of US federal payroll program on September 30, American Airlines and United Airlines started to furlough their employees, that is expected to affect around 32,000 workers in total.
|
(RTTNews) - American Airlines Group Inc. (AAL) will be forced to discontinue service to additional U.S. markets unless new coronavirus relief package is received, CEO Doug Parker told CNBC on Thursday. Early this month, with the expiration of US federal payroll program on September 30, American Airlines and United Airlines started to furlough their employees, that is expected to affect around 32,000 workers in total. Meanwhile, United Airlines plans to furlough more than 13,000 employees, but no pilots.
|
5173.0
|
2020-10-08 00:00:00 UTC
|
US STOCKS-Wall St set to rise on stimulus hopes as jobless claims stay elevated
|
AAL
|
https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-rise-on-stimulus-hopes-as-jobless-claims-stay-elevated-2020-10-08
|
nan
|
nan
|
By Sagarika Jaisinghani and Devik Jain
Oct 8 (Reuters) - Wall Street's main indexes were set to rise for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment, while data on weekly jobless claims showed the labor market recovery continued to sputter.
Two days after calling off negotiations on a comprehensive fiscal aid bill, U.S. President Donald Trump said some discussions were ongoing with Democrats about boosting support for U.S. airlines and providing Americans with $1,200 stimulus checks.
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.Ojumped between1.9% and 2.3% in premarket trading.
"The market's really dependent upon (fiscal) stimulus and trying to predict what that'll likely be," said Tim Chubb, chief investment officer at Girard in West Chester, Pennsylvania.
"It is also getting a better understanding of how the election will turn out and what that means for the amount of fiscal stimulus."
Doubts about more fiscal aid and signs of a slowing domestic economic rebound halted a five-month gaining streak on Wall Street in September, but U.S. stocks have since recovered, partly as investors begin to digest the prospect of Democratic presidential nominee Joe Biden winning the Nov. 3 election.
Biden appeared to lead Trump among likely voters in Florida and the two were locked in a tight race in Arizona, according to Reuters/Ipsos opinion polls released on Wednesday.
With less than a month left for the election, Trump said on Thursday he would not participate in a virtual presidential debate, moments after the commission that oversees the debates said the event on Oct. 15 would be conducted from remote locations in the wake of his COVID-19 diagnosis.
Meanwhile, data showed the number of Americans filing new claims for jobless benefits drifted lower last week but signaled the labor market was making little headway in getting millions of people back on the job after being out of work due to COVID-19 disruptions. L1N2GY1AZ
At 8:50 a.m. ET, Dow e-minis 1YMcv1 were up 193 points, or 0.68%, S&P 500 e-minis EScv1 were up 21 points, or 0.62%, and Nasdaq 100 e-minis NQcv1 were up 93.5 points, or 0.82%.
In company news, Coty Inc COTY.Njumped 6.9% after the cosmetics maker announced the launch of direct-to-consumer websites for Kylie Skin brand in the UK, France, Germany and Australia.
Drugmakers Regeneron Pharmaceuticals Inc REGN.O and Eli Lilly & Co LLY.N gained 4.0% and 2.0%, respectively, after Trump praised their COVID-19 medications and said he will make them free for Americans to use.
International Business Machines Corp IBM.N surged 9.5% after saying it was splitting itself into two public companies, capping a years-long effort by the world's first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing.
Eaton Vance Corp EV.N surged 47% after Morgan Stanley MS.N agreed to buy the asset management firm for about $7 billion in a cash-and-stock deal. Shares of Morgan Stanley fell 1.7%.
With the third-quarter earnings season kicking off next week, analysts expect earnings at S&P 500 companies to have dropped about 21% in the quarter from a year ago, according to IBES data from Refinitiv.
(Reporting by Sagarika Jaisinghani and Devik Jain in Bengaluru; Editing by Maju Samuel)
((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.
|
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.Ojumped between1.9% and 2.3% in premarket trading. By Sagarika Jaisinghani and Devik Jain Oct 8 (Reuters) - Wall Street's main indexes were set to rise for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment, while data on weekly jobless claims showed the labor market recovery continued to sputter. Doubts about more fiscal aid and signs of a slowing domestic economic rebound halted a five-month gaining streak on Wall Street in September, but U.S. stocks have since recovered, partly as investors begin to digest the prospect of Democratic presidential nominee Joe Biden winning the Nov. 3 election.
|
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.Ojumped between1.9% and 2.3% in premarket trading. By Sagarika Jaisinghani and Devik Jain Oct 8 (Reuters) - Wall Street's main indexes were set to rise for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment, while data on weekly jobless claims showed the labor market recovery continued to sputter. Eaton Vance Corp EV.N surged 47% after Morgan Stanley MS.N agreed to buy the asset management firm for about $7 billion in a cash-and-stock deal.
|
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.Ojumped between1.9% and 2.3% in premarket trading. By Sagarika Jaisinghani and Devik Jain Oct 8 (Reuters) - Wall Street's main indexes were set to rise for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment, while data on weekly jobless claims showed the labor market recovery continued to sputter. Two days after calling off negotiations on a comprehensive fiscal aid bill, U.S. President Donald Trump said some discussions were ongoing with Democrats about boosting support for U.S. airlines and providing Americans with $1,200 stimulus checks.
|
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.Ojumped between1.9% and 2.3% in premarket trading. By Sagarika Jaisinghani and Devik Jain Oct 8 (Reuters) - Wall Street's main indexes were set to rise for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment, while data on weekly jobless claims showed the labor market recovery continued to sputter. Eaton Vance Corp EV.N surged 47% after Morgan Stanley MS.N agreed to buy the asset management firm for about $7 billion in a cash-and-stock deal.
|
5174.0
|
2020-10-08 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-JetBlue Airways, Regeneron, Newpark Resources, Graham Corp
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-jetblue-airways-regeneron-newpark-resources-graham-corp-2020
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stock index futures rose for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment ahead of data on weekly jobless claims that is likely to show a labor market recovery continuing to sputter. .N
At 6:46 a.m. ET, Dow e-minis 1YMc1 were up 0.53% at 28,329. S&P 500 e-minis ESc1 were up 0.51% at 3,424, while Nasdaq 100 e-minis NQc1 were up 0.63% at 11,542. The top three NYSE percentage gainers premarket .PRPG.NQ: ** ION Geophysical Corp IO.N, up 19.2% ** United Microelectronics Corp UMC.N, up 7.1% ** Graham Corp GHM.N, up 7.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** Borr Drillng Ltd BORR.N, down 7.3% ** Hill International Inc HIL.N, down 6.7% ** Newpark Resources Inc NR.N, down 5.3% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Orbital Energy Group Inc OEG.O, up 88.0% ** ALJ Regional Holdings Inc ALJJ.O, up 39.8% ** Alphatec Holdings Inc ATEC.O, up 26.0% The top three Nasdaq percentage losers premarket .PRPL.O: ** Pioneer Power Solutions Inc PPSI.O, down 16.7% ** Lonestar Resources Us Inc LONE.O, down 13.6% ** TDH Holdings Inc PETZ.O, down 12.2% ** J.Jill Inc JILL.N: up 3.4% premarket BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 13.9% premarket BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 4.6% premarket ** Eli Lilly and Co LLY.N: up 2.2% premarket BUZZ-Regeneron, Eli Lilly rise as Trump praises their COVID-19 treatments ** Coty Inc COTY.N: up 3.3% premarket BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 26.0% premarket BUZZ-Rises on strong Q3 revenue expectation ** Citigroup Inc C.N: down 0.1% premarket BUZZ-JPM downgrades after bank agrees hefty $400 mln fine ** American Airlines Group Inc AAL.O: up 1.3% premarket ** Delta Air Lines Inc DAL.N: up 0.8% premarket ** United Airlines Holdings Inc UAL.O: up 0.9% premarket ** JetBlue Airways Corp JBLU.O: up 2.1% premarket ** Southwest Airlines Co LUV.N: up 1.8% premarket ** Spirit Airlines Inc SAVE.N: up 2.1% premarket BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 39.8% premarket BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 11.1% premarket BUZZ-Surges on disclosing $177 mln capital raise
(Compiled by C Nivedita in Bengaluru)
((c.nivedita@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.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** ION Geophysical Corp IO.N, up 19.2% ** United Microelectronics Corp UMC.N, up 7.1% ** Graham Corp GHM.N, up 7.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** Borr Drillng Ltd BORR.N, down 7.3% ** Hill International Inc HIL.N, down 6.7% ** Newpark Resources Inc NR.N, down 5.3% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Orbital Energy Group Inc OEG.O, up 88.0% ** ALJ Regional Holdings Inc ALJJ.O, up 39.8% ** Alphatec Holdings Inc ATEC.O, up 26.0% The top three Nasdaq percentage losers premarket .PRPL.O: ** Pioneer Power Solutions Inc PPSI.O, down 16.7% ** Lonestar Resources Us Inc LONE.O, down 13.6% ** TDH Holdings Inc PETZ.O, down 12.2% ** J.Jill Inc JILL.N: up 3.4% premarket BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 13.9% premarket BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 4.6% premarket ** Eli Lilly and Co LLY.N: up 2.2% premarket BUZZ-Regeneron, Eli Lilly rise as Trump praises their COVID-19 treatments ** Coty Inc COTY.N: up 3.3% premarket BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 26.0% premarket BUZZ-Rises on strong Q3 revenue expectation ** Citigroup Inc C.N: down 0.1% premarket BUZZ-JPM downgrades after bank agrees hefty $400 mln fine ** American Airlines Group Inc AAL.O: up 1.3% premarket ** Delta Air Lines Inc DAL.N: up 0.8% premarket ** United Airlines Holdings Inc UAL.O: up 0.9% premarket ** JetBlue Airways Corp JBLU.O: up 2.1% premarket ** Southwest Airlines Co LUV.N: up 1.8% premarket ** Spirit Airlines Inc SAVE.N: up 2.1% premarket BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 39.8% premarket BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 11.1% premarket BUZZ-Surges on disclosing $177 mln capital raise (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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 rose for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment ahead of data on weekly jobless claims that is likely to show a labor market recovery continuing to sputter. ET, Dow e-minis 1YMc1 were up 0.53% at 28,329.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** ION Geophysical Corp IO.N, up 19.2% ** United Microelectronics Corp UMC.N, up 7.1% ** Graham Corp GHM.N, up 7.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** Borr Drillng Ltd BORR.N, down 7.3% ** Hill International Inc HIL.N, down 6.7% ** Newpark Resources Inc NR.N, down 5.3% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Orbital Energy Group Inc OEG.O, up 88.0% ** ALJ Regional Holdings Inc ALJJ.O, up 39.8% ** Alphatec Holdings Inc ATEC.O, up 26.0% The top three Nasdaq percentage losers premarket .PRPL.O: ** Pioneer Power Solutions Inc PPSI.O, down 16.7% ** Lonestar Resources Us Inc LONE.O, down 13.6% ** TDH Holdings Inc PETZ.O, down 12.2% ** J.Jill Inc JILL.N: up 3.4% premarket BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 13.9% premarket BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 4.6% premarket ** Eli Lilly and Co LLY.N: up 2.2% premarket BUZZ-Regeneron, Eli Lilly rise as Trump praises their COVID-19 treatments ** Coty Inc COTY.N: up 3.3% premarket BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 26.0% premarket BUZZ-Rises on strong Q3 revenue expectation ** Citigroup Inc C.N: down 0.1% premarket BUZZ-JPM downgrades after bank agrees hefty $400 mln fine ** American Airlines Group Inc AAL.O: up 1.3% premarket ** Delta Air Lines Inc DAL.N: up 0.8% premarket ** United Airlines Holdings Inc UAL.O: up 0.9% premarket ** JetBlue Airways Corp JBLU.O: up 2.1% premarket ** Southwest Airlines Co LUV.N: up 1.8% premarket ** Spirit Airlines Inc SAVE.N: up 2.1% premarket BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 39.8% premarket BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 11.1% premarket BUZZ-Surges on disclosing $177 mln capital raise (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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 rose for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment ahead of data on weekly jobless claims that is likely to show a labor market recovery continuing to sputter. S&P 500 e-minis ESc1 were up 0.51% at 3,424, while Nasdaq 100 e-minis NQc1 were up 0.63% at 11,542.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** ION Geophysical Corp IO.N, up 19.2% ** United Microelectronics Corp UMC.N, up 7.1% ** Graham Corp GHM.N, up 7.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** Borr Drillng Ltd BORR.N, down 7.3% ** Hill International Inc HIL.N, down 6.7% ** Newpark Resources Inc NR.N, down 5.3% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Orbital Energy Group Inc OEG.O, up 88.0% ** ALJ Regional Holdings Inc ALJJ.O, up 39.8% ** Alphatec Holdings Inc ATEC.O, up 26.0% The top three Nasdaq percentage losers premarket .PRPL.O: ** Pioneer Power Solutions Inc PPSI.O, down 16.7% ** Lonestar Resources Us Inc LONE.O, down 13.6% ** TDH Holdings Inc PETZ.O, down 12.2% ** J.Jill Inc JILL.N: up 3.4% premarket BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 13.9% premarket BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 4.6% premarket ** Eli Lilly and Co LLY.N: up 2.2% premarket BUZZ-Regeneron, Eli Lilly rise as Trump praises their COVID-19 treatments ** Coty Inc COTY.N: up 3.3% premarket BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 26.0% premarket BUZZ-Rises on strong Q3 revenue expectation ** Citigroup Inc C.N: down 0.1% premarket BUZZ-JPM downgrades after bank agrees hefty $400 mln fine ** American Airlines Group Inc AAL.O: up 1.3% premarket ** Delta Air Lines Inc DAL.N: up 0.8% premarket ** United Airlines Holdings Inc UAL.O: up 0.9% premarket ** JetBlue Airways Corp JBLU.O: up 2.1% premarket ** Southwest Airlines Co LUV.N: up 1.8% premarket ** Spirit Airlines Inc SAVE.N: up 2.1% premarket BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 39.8% premarket BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 11.1% premarket BUZZ-Surges on disclosing $177 mln capital raise (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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 rose for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment ahead of data on weekly jobless claims that is likely to show a labor market recovery continuing to sputter. S&P 500 e-minis ESc1 were up 0.51% at 3,424, while Nasdaq 100 e-minis NQc1 were up 0.63% at 11,542.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** ION Geophysical Corp IO.N, up 19.2% ** United Microelectronics Corp UMC.N, up 7.1% ** Graham Corp GHM.N, up 7.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** Borr Drillng Ltd BORR.N, down 7.3% ** Hill International Inc HIL.N, down 6.7% ** Newpark Resources Inc NR.N, down 5.3% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Orbital Energy Group Inc OEG.O, up 88.0% ** ALJ Regional Holdings Inc ALJJ.O, up 39.8% ** Alphatec Holdings Inc ATEC.O, up 26.0% The top three Nasdaq percentage losers premarket .PRPL.O: ** Pioneer Power Solutions Inc PPSI.O, down 16.7% ** Lonestar Resources Us Inc LONE.O, down 13.6% ** TDH Holdings Inc PETZ.O, down 12.2% ** J.Jill Inc JILL.N: up 3.4% premarket BUZZ-Rises as former executive set to return as CEO ** CareDx Inc CDNA.O: up 13.9% premarket BUZZ-Jumps on upbeat preliminary Q3 revenue ** Regeneron Pharmaceuticals Inc REGN.O: up 4.6% premarket ** Eli Lilly and Co LLY.N: up 2.2% premarket BUZZ-Regeneron, Eli Lilly rise as Trump praises their COVID-19 treatments ** Coty Inc COTY.N: up 3.3% premarket BUZZ-Gains after expansion of Kylie Skin brand ** Alphatec Holdings Inc ATEC.O: up 26.0% premarket BUZZ-Rises on strong Q3 revenue expectation ** Citigroup Inc C.N: down 0.1% premarket BUZZ-JPM downgrades after bank agrees hefty $400 mln fine ** American Airlines Group Inc AAL.O: up 1.3% premarket ** Delta Air Lines Inc DAL.N: up 0.8% premarket ** United Airlines Holdings Inc UAL.O: up 0.9% premarket ** JetBlue Airways Corp JBLU.O: up 2.1% premarket ** Southwest Airlines Co LUV.N: up 1.8% premarket ** Spirit Airlines Inc SAVE.N: up 2.1% premarket BUZZ-U.S. airlines rise on federal aid hopes after Pelosi, Mnuchin talk ** ALJ Regional Holdings Inc ALJJ.O: up 39.8% premarket BUZZ-Up after co raises Q4, FY EBITDA forecast ** Fuelcell Energy Inc FCEL.O: up 11.1% premarket BUZZ-Surges on disclosing $177 mln capital raise (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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 rose for a second straight day on Thursday as bets of a piecemeal fiscal stimulus deal lifted sentiment ahead of data on weekly jobless claims that is likely to show a labor market recovery continuing to sputter. ET, Dow e-minis 1YMc1 were up 0.53% at 28,329.
|
5175.0
|
2020-10-08 00:00:00 UTC
|
Pre-Market Most Active for Oct 8, 2020 : FCEL, CPSS, IBM, AAL, AAPL, TSLA, IO, NIO, SQQQ, BABA, GE, EV
|
AAL
|
https://www.nasdaq.com/articles/pre-market-most-active-for-oct-8-2020-%3A-fcel-cpss-ibm-aal-aapl-tsla-io-nio-sqqq-baba-ge-ev
|
nan
|
nan
|
The NASDAQ 100 Pre-Market Indicator is up 70.74 to 11,573.93. The total Pre-Market volume is currently 19,492,029 shares traded.
The following are the most active stocks for the pre-market session:
FuelCell Energy, Inc. (FCEL) is +0.41 at $2.57, with 3,710,365 shares traded. FCEL's current last sale is 114.22% of the target price of $2.25.
Consumer Portfolio Services, Inc. (CPSS) is +1.86 at $5.19, with 1,675,586 shares traded. As reported in the last short interest update the days to cover for CPSS is 37.907935; this calculation is based on the average trading volume of the stock.
International Business Machines Corporation (IBM) is +13.59 at $137.66, with 1,553,034 shares traded. IBM's current last sale is 98.33% of the target price of $140.
American Airlines Group, Inc. (AAL) is +0.27 at $13.34, with 1,102,361 shares traded. AAL's current last sale is 133.4% of the target price of $10.
Apple Inc. (AAPL) is +1.19 at $116.27, with 1,091,748 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Tesla, Inc. (TSLA) is +12.1606 at $437.46, with 933,633 shares traded. TSLA's current last sale is 145.82% of the target price of $300.
Ion Geophysical Corporation (IO) is +0.2 at $2.28, with 910,622 shares traded. IO's current last sale is 57% of the target price of $4.
NIO Inc. (NIO) is +0.5 at $22.06, with 862,406 shares traded. NIO's current last sale is 157.57% of the target price of $14.
ProShares UltraPro Short QQQ (SQQQ) is -0.54 at $22.48, with 763,107 shares traded. This represents a 14.99% increase from its 52 Week Low.
Alibaba Group Holding Limited (BABA) is +1.9 at $298.40, with 711,474 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 $1.7. BABA's current last sale is 91.82% of the target price of $325.
General Electric Company (GE) is +0.0401 at $6.35, with 633,079 shares traded. As reported by Zacks, the current mean recommendation for GE is in the "buy range".
Eaton Vance Corporation (EV) is +18.73 at $59.67, with 545,377 shares traded. EV's current last sale is 132.6% of the target price of $45.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines Group, Inc. (AAL) is +0.27 at $13.34, with 1,102,361 shares traded. AAL's current last sale is 133.4% of the target price of $10. As reported in the last short interest update the days to cover for CPSS is 37.907935; this calculation is based on the average trading volume of the stock.
|
American Airlines Group, Inc. (AAL) is +0.27 at $13.34, with 1,102,361 shares traded. AAL's current last sale is 133.4% of the target price of $10. The total Pre-Market volume is currently 19,492,029 shares traded.
|
American Airlines Group, Inc. (AAL) is +0.27 at $13.34, with 1,102,361 shares traded. AAL's current last sale is 133.4% of the target price of $10. The total Pre-Market volume is currently 19,492,029 shares traded.
|
American Airlines Group, Inc. (AAL) is +0.27 at $13.34, with 1,102,361 shares traded. AAL's current last sale is 133.4% of the target price of $10. FCEL's current last sale is 114.22% of the target price of $2.25.
|
5176.0
|
2020-10-08 00:00:00 UTC
|
US STOCKS-Wall St rises on stimulus prospects as jobless claims remain high
|
AAL
|
https://www.nasdaq.com/articles/us-stocks-wall-st-rises-on-stimulus-prospects-as-jobless-claims-remain-high-2020-10-08
|
nan
|
nan
|
By Sagarika Jaisinghani and Devik Jain
Oct 8 (Reuters) - Wall Street's main indexes rose on Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed jobless claims remained stubbornly high last week.
Two days after calling off talks on a comprehensive fiscal aid bill, Trump said some discussions were ongoing with Democrats about boosting support for U.S. airlines and providing Americans with $1,200 stimulus checks.
The Dow Jones airlines index .DJUSAR jumped 1.3%, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O, JetBlue Airways Corp JBLU.O and American Airlines Group Inc AAL.O gaining more than 1% each.
"The market's really dependent upon (fiscal) stimulus and trying to predict what that'll likely be," said Tim Chubb, chief investment officer at Girard in West Chester, Pennsylvania.
Suggesting a broader risk-on mood, all the 11 major S&P indexes were up, with the energy sector .SPNY tracking a jump in oil prices. O/R
Doubts about more fiscal aid and signs of a slowing domestic economic rebound halted a five-month gaining streak on Wall Street in September, but U.S. stocks have since recovered, partly as investors begin to digest the prospect of Democratic presidential nominee Joe Biden winning the Nov. 3 election.
Biden appeared to lead Trump among likely voters in Florida and the two were locked in a tight race in Arizona, according to Reuters/Ipsos opinion polls released on Wednesday.
With less than a month left for the election, Trump said on Thursday he would not participate in a virtual presidential debate, moments after the commission that oversees the debates said the event on Oct. 15 would be conducted from remote locations in the wake of his COVID-19 diagnosis.
Meanwhile, data showed the number of Americans filing new claims for jobless benefits drifted lower last week but signaled the labor market was making little headway in getting millions of people back on the job after being out of work due to COVID-19 disruptions. L1N2GY1AZ
At 9:46 a.m. ET, the Dow Jones Industrial Average .DJIwas up 0.40%, the S&P 500 .SPXwas up 0.55% and the Nasdaq Composite .IXICwas up 0.49%.
In company news, Coty Inc COTY.N jumped 4.8% after the cosmetics maker announced the launch of direct-to-consumer websites for Kylie Skin brand in the UK, France, Germany and Australia.
Drugmakers Regeneron Pharmaceuticals Inc REGN.O and Eli Lilly & Co LLY.N gained 1.8% and 2.5% respectively, after Trump praised their COVID-19 medications and said he will make them free for Americans to use.
International Business Machines Corp IBM.N rose 7.5% after saying it was splitting itself into two public companies, capping its years-long effort to diversify away from its legacy businesses to focus on high-margin cloud computing.
Eaton Vance Corp EV.N surged 46.3% and was on course for its best day ever after Morgan Stanley MS.N agreed to buy the asset management firm for about $7 billion in a cash-and-stock deal. Shares of Morgan Stanley fell 1.0%.
Advancing issues outnumbered decliners 4.56-to-1 on the NYSE and 2.84-to-1 on the Nasdaq.
The S&P index recorded 38 new 52-week highs and no new low, while the Nasdaq recorded 80 new highs and five new lows.
(Reporting by Sagarika Jaisinghani and Devik Jain in Bengaluru; Editing by Maju Samuel)
((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.
|
The Dow Jones airlines index .DJUSAR jumped 1.3%, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O, JetBlue Airways Corp JBLU.O and American Airlines Group Inc AAL.O gaining more than 1% each. By Sagarika Jaisinghani and Devik Jain Oct 8 (Reuters) - Wall Street's main indexes rose on Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed jobless claims remained stubbornly high last week. O/R Doubts about more fiscal aid and signs of a slowing domestic economic rebound halted a five-month gaining streak on Wall Street in September, but U.S. stocks have since recovered, partly as investors begin to digest the prospect of Democratic presidential nominee Joe Biden winning the Nov. 3 election.
|
The Dow Jones airlines index .DJUSAR jumped 1.3%, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O, JetBlue Airways Corp JBLU.O and American Airlines Group Inc AAL.O gaining more than 1% each. By Sagarika Jaisinghani and Devik Jain Oct 8 (Reuters) - Wall Street's main indexes rose on Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed jobless claims remained stubbornly high last week. The S&P index recorded 38 new 52-week highs and no new low, while the Nasdaq recorded 80 new highs and five new lows.
|
The Dow Jones airlines index .DJUSAR jumped 1.3%, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O, JetBlue Airways Corp JBLU.O and American Airlines Group Inc AAL.O gaining more than 1% each. By Sagarika Jaisinghani and Devik Jain Oct 8 (Reuters) - Wall Street's main indexes rose on Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed jobless claims remained stubbornly high last week. Two days after calling off talks on a comprehensive fiscal aid bill, Trump said some discussions were ongoing with Democrats about boosting support for U.S. airlines and providing Americans with $1,200 stimulus checks.
|
The Dow Jones airlines index .DJUSAR jumped 1.3%, with Delta Air Lines Inc DAL.N, United Airlines Holdings Inc UAL.O, JetBlue Airways Corp JBLU.O and American Airlines Group Inc AAL.O gaining more than 1% each. By Sagarika Jaisinghani and Devik Jain Oct 8 (Reuters) - Wall Street's main indexes rose on Thursday as U.S. President Donald Trump signaled progress in negotiations around new fiscal stimulus, while data showed jobless claims remained stubbornly high last week. "The market's really dependent upon (fiscal) stimulus and trying to predict what that'll likely be," said Tim Chubb, chief investment officer at Girard in West Chester, Pennsylvania.
|
5177.0
|
2020-10-07 00:00:00 UTC
|
White House says 'not optimistic' about COVID-19 aid, talks with Congress are off
|
AAL
|
https://www.nasdaq.com/articles/white-house-says-not-optimistic-about-covid-19-aid-talks-with-congress-are-off-2020-10-07
|
nan
|
nan
|
Adds Meadows comment, background
WASHINGTON, Oct 7 (Reuters) - White House chief of staff Mark Meadows on Wednesday said he was not optimistic that a comprehensive deal could be reached on further COVID-19 financial aid and that the Trump administration backed a more piecemeal approach, even as he said negotiations with Congress were over.
"We're still willing to be engaged, but I'm not optimistic for a comprehensive deal. I am optimistic that there's about 10 things that we can do on a piecemeal basis," Meadows told Fox News in an interview.
Meadows did not say what 10 items the administration wanted to tackle, but reiterated President Donald Trump's position tweeted late Tuesday night that he would back separate legislation addressing airlines, small businesses and stimulus checks for individuals.
Trump called off talks with lawmakers on pandemic aid in a tweet on Tuesday, rattling Wall Street as U.S. stocks sank. He later pulled back saying he would support a few stand-alone bills.
U.S. stock indexes appeared set to open higher on Wednesday, and airline stocks were also higher.
"The stimulus negotiations are off," Meadows later told reporters at the White House on Tuesday. "Obviously we're looking at the potential for stand-alone bills. There's abut 10 things that we agree on and if the Speaker is willing to look at it on a piece-by-piece basis then we're willing to look at it," he said referring to U.S. House Speaker Nancy Pelosi.
The Democratic-led House has already passed full legislation seeking a wide range of aid as the novel coronavirus continues to spread, infecting an estimated 7.5 million Americans and killing more than 210,600 -- the highest in the world.
Pelosi on Tuesday said lawmakers would pass more aid, despite Trump's refusal to negotiate.
(Reporting by Lisa Lambert and Susan Heavey; Editing by Alex Richardson and Chizu Nomiyama)
((sheavey@thomsonreuters.com; +1 202 843 6600;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Meadows did not say what 10 items the administration wanted to tackle, but reiterated President Donald Trump's position tweeted late Tuesday night that he would back separate legislation addressing airlines, small businesses and stimulus checks for individuals. Trump called off talks with lawmakers on pandemic aid in a tweet on Tuesday, rattling Wall Street as U.S. stocks sank. The Democratic-led House has already passed full legislation seeking a wide range of aid as the novel coronavirus continues to spread, infecting an estimated 7.5 million Americans and killing more than 210,600 -- the highest in the world.
|
I am optimistic that there's about 10 things that we can do on a piecemeal basis," Meadows told Fox News in an interview. "The stimulus negotiations are off," Meadows later told reporters at the White House on Tuesday. Pelosi on Tuesday said lawmakers would pass more aid, despite Trump's refusal to negotiate.
|
Adds Meadows comment, background WASHINGTON, Oct 7 (Reuters) - White House chief of staff Mark Meadows on Wednesday said he was not optimistic that a comprehensive deal could be reached on further COVID-19 financial aid and that the Trump administration backed a more piecemeal approach, even as he said negotiations with Congress were over. Meadows did not say what 10 items the administration wanted to tackle, but reiterated President Donald Trump's position tweeted late Tuesday night that he would back separate legislation addressing airlines, small businesses and stimulus checks for individuals. "The stimulus negotiations are off," Meadows later told reporters at the White House on Tuesday.
|
Adds Meadows comment, background WASHINGTON, Oct 7 (Reuters) - White House chief of staff Mark Meadows on Wednesday said he was not optimistic that a comprehensive deal could be reached on further COVID-19 financial aid and that the Trump administration backed a more piecemeal approach, even as he said negotiations with Congress were over. "The stimulus negotiations are off," Meadows later told reporters at the White House on Tuesday. Pelosi on Tuesday said lawmakers would pass more aid, despite Trump's refusal to negotiate.
|
5178.0
|
2020-10-07 00:00:00 UTC
|
U.S. airlines urge standalone relief in letter to Pelosi and McConnell
|
AAL
|
https://www.nasdaq.com/articles/u.s.-airlines-urge-standalone-relief-in-letter-to-pelosi-and-mcconnell-2020-10-07
|
nan
|
nan
|
CHICAGO, Oct 7 (Reuters) - The main U.S. airline lobby and a dozen unions are urging lawmakers to advance a standalone bill that would extend $25 billion in payroll support to protect airline jobs, according to a letter sent to House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell on Wednesday.
Earlier, White House chief of staff Mark Meadows told reporters that stimulus negotiations are off but that they are looking at standalone bills on 10 things that "we agree on."
The idea of airline relief has so far enjoyed broad bipartisan support in Washington.
(Reporting by Tracy Rucinski Editing by Chizu Nomiyama)
((tracy.rucinski@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
CHICAGO, Oct 7 (Reuters) - The main U.S. airline lobby and a dozen unions are urging lawmakers to advance a standalone bill that would extend $25 billion in payroll support to protect airline jobs, according to a letter sent to House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell on Wednesday. Earlier, White House chief of staff Mark Meadows told reporters that stimulus negotiations are off but that they are looking at standalone bills on 10 things that "we agree on." The idea of airline relief has so far enjoyed broad bipartisan support in Washington.
|
CHICAGO, Oct 7 (Reuters) - The main U.S. airline lobby and a dozen unions are urging lawmakers to advance a standalone bill that would extend $25 billion in payroll support to protect airline jobs, according to a letter sent to House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell on Wednesday. Earlier, White House chief of staff Mark Meadows told reporters that stimulus negotiations are off but that they are looking at standalone bills on 10 things that "we agree on." (Reporting by Tracy Rucinski Editing by Chizu Nomiyama) ((tracy.rucinski@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
CHICAGO, Oct 7 (Reuters) - The main U.S. airline lobby and a dozen unions are urging lawmakers to advance a standalone bill that would extend $25 billion in payroll support to protect airline jobs, according to a letter sent to House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell on Wednesday. Earlier, White House chief of staff Mark Meadows told reporters that stimulus negotiations are off but that they are looking at standalone bills on 10 things that "we agree on." (Reporting by Tracy Rucinski Editing by Chizu Nomiyama) ((tracy.rucinski@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
CHICAGO, Oct 7 (Reuters) - The main U.S. airline lobby and a dozen unions are urging lawmakers to advance a standalone bill that would extend $25 billion in payroll support to protect airline jobs, according to a letter sent to House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell on Wednesday. Earlier, White House chief of staff Mark Meadows told reporters that stimulus negotiations are off but that they are looking at standalone bills on 10 things that "we agree on." The idea of airline relief has so far enjoyed broad bipartisan support in Washington.
|
5179.0
|
2020-10-07 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-Workday, Stable Road Acquisition, RedHill Biopharma, Fox Corp, Disney
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-workday-stable-road-acquisition-redhill-biopharma-fox-corp
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes jumped on Wednesday on hopes of at least a partial deal on more fiscal stimulus after U.S. President Donald Trump abruptly called off negotiations on a comprehensive bill in the previous session. .N
At 13:37 ET, the Dow Jones Industrial Average .DJI was up 1.54% at 28,199.7. The S&P 500 .SPX was up 1.42% at 3,408.73 and the Nasdaq Composite .IXIC was up 1.73% at 11,347.239. The top three S&P 500 .PG.INX percentage gainers: ** Alexion Pharmaceuticals Inc ALXN.O, up 8.4% ** Freeport-McMoRan Inc FCX.N, up 6.4% ** Gap Inc GPS.N, up 6.3% The top three S&P 500 .PL.INX percentage losers: ** Everest Re Group Ltd RE.N, down 2.3% ** Hess Corp HES.N, down 2.3% ** Cincinnati Financial Corp CINF.O, down 1.7% The top three NYSE .PG.N percentage gainers: ** ReneSola Ltd SOL.N, up 28.8% ** Planet Green Holdings Corp PLAG.N, up 28.3% ** Natuzzi S.p.A. NTZ.N, up 15.1% The top three NYSE .PL.N percentage losers: ** China Green Agriculture Inc CGA.N, down 19.3% ** Hyliion Holdings Corp HYLN.N, down 9.7% ** Liberty Oilfield Services Inc LBRT.N, down 8.7% The top three Nasdaq .PG.O percentage gainers: ** American Resources Corp AREC.O, up 127% ** Peck Company Holdings Inc PECK.O, up 60.7% ** CVD Equipment Corp CVV.O, up 58% The top two Nasdaq .PL.O percentage losers: ** Electro-Sensors Inc ELSE.O, down 35.8% ** Forum Merger II Corp FMCIU.O, down 17.9% ** Levi Strauss & Co LEVI.N: up 6.1% BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.2% ** United Airlines Holdings Inc UAL.O: up 4.2% ** Delta Air Lines Inc DAL.N: up 3.1% ** JetBlue Airways Corp JBLU.O: up 5.7% BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 10.8% BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.6% BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.1% BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 7.1% BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 3.1% BUZZ-Berenberg starts coverage with 'hold' ** Perion Network Ltd PERI.O: up 12.6% BUZZ-Jumps after lifting H2 forecast ** Workday Inc WDAY.O: up 5.7% BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 5.6% BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 4.1% BUZZ-Slides on report of discounted equity offering ** Stable Road Acquisition Corp SRAC.O: up 1.8% BUZZ-Rises on merger with Momentus ** Bristol-Myers Squibb Co BMY.N: up 4.2% BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 5.8% BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 1.4% BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** Aytu BioScience Inc AYTU.O: down 13.9% BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 14.7% BUZZ-Rises as Japan's hospital to use co's surgical system ** RAVE Restaurant Group Inc RAVE.O: up 105.3% BUZZ-Quadruples on new hiring to lead expansion ** Citius Pharmaceuticals Inc CTXR.O: up 5.9% BUZZ-Citius Pharma rises on licensing agreement for stem cell therapy ** AzurRx BioPharma Inc AZRX.O: flat BUZZ-Rises as CEO reassures on cash position ** Eli Lilly and Co LLY.N: up 2.7% BUZZ-Gains after applying for FDA emergency use for COVID-19 treatment ** Peck Company Holdings Inc PECK.O: up 60.7% BUZZ-Surges on contract for solar project in Rhode Island ** ARCA Biopharma Inc ABIO.O: down 6.7% BUZZ-Surges on FDA nod to begin potential COVID-19 drug trial ** Vaxart Inc VXRT.O: up 2.2% BUZZ-Up on expanding manufacturing deal for COVID-19 vaccine candidate ** Sunworks Inc SUNW.O: up 42.9% BUZZ-Surges on $10 mln commercial, agriculture projects ** Phunware Inc PHUN.O: up 16.6% BUZZ-Rises on Honeywell contracts ** Paychex Inc PAYX.O: up 1.8% BUZZ-Rises as Q1 results beat ** RPM International Inc RPM.N: up 2.2% BUZZ-Climbs on Q1 beat, bullish outlook ** Achieve Life Sciences Inc ACHV.O: up 7.2% BUZZ-Up on launch of late-stage trial of smoking cessation drug ** Ocular Therapeutix Inc OCUL.O: up 24.1% BUZZ-Rises on higher product sales in Q3 ** Element Solutions Inc ESI.N: up 3.6% BUZZ-Rises after announcing share buyback ** Silicon Motion Technology Corp SIMO.O: up 6.8% BUZZ-Up on upbeat preliminary Q3 results ** Gap Inc GPS.N: up 6.3% BUZZ-Gains as Barclays upgrades to 'overweight' ** RedHill Biopharma Ltd RDHL.O: up 1.7% BUZZ-Gains as COVID-19 drug study passes second safety review ** Eton Pharmaceuticals Inc ETON.O: up 4.7% BUZZ-Jumps on new drug application to treat seizures, migraine ** Landec Corp LNDC.O: down 4.8% BUZZ-Falls as first-quarter loss widens ** Alkermes Plc ALKS.O: up 4.8% BUZZ-Rises as FDA posts briefing documents ahead of expert panel meeting ** Crocs Inc CROX.O: flat BUZZ-Rises on tie-up with Justin Bieber ** Elanco Animal Health Inc ELAN.N: up 12.2% BUZZ-Rises as Sachem Head builds $1.2 bln stake in co ** Quanterix Corp QTRX.O: up 11.1% BUZZ-Jumps on contract to advance COVID-19 antigen test ** Clorox Co CLX.N: up 2.2% BUZZ-Rises on unveiling symptom-detecting device amid pandemic ** Vishay Intertechnology Inc VSH.N: up 6.2% BUZZ-Eyes best day in 5 months as Stifel raises to 'buy' ** JPMorgan Chase & Co JPM.N: up 0.9% ** Citigroup Inc C.N: up 0.7% ** Goldman Sachs Group Inc GS.N: up 0.4% ** Wells Fargo & Co WFC.N: up 1.9% ** Morgan Stanley MS.N: up 1.3% ** Bank of America Corp BAC.N: up 1.4% BUZZ-U.S. big banks follow gains on yields as risk sentiment rebounds ** Celanese Corp CE.N: up 3.9% BUZZ-Up after increasing acetate tow prices by 5% ** OrthoPediatrics Corp KIDS.O: up 6.8% BUZZ-Jumps after BTIG raises price target ** Taiwan Liposome Co Ltd TLC.O: up 27.7% BUZZ-Gains on Australia, Taiwan nod for COVID-19 therapy human trials ** Lightspeed POS Inc LSPD.N: up 6.8% BUZZ-Gains on deal with U.S. golf course operator ** American Resources Corp AREC.O: up 127.0% BUZZ-Considers strategic options for unit, shares surge ** Advanced Micro Devices Inc AMD.O: up 2.4% BUZZ-Gains after Jefferies hikes PT ** Lamb Weston Holdings Inc LW.N: up 2.5% BUZZ-French fry seller's stock heats up after upbeat report ** Pfizer Inc PFE.N: down 0.2% ** BioNTech SE BNTX.O: down 1.3% BUZZ-U.S. authorization for Pfizer, BioNTech COVID-19 vaccine unlikely before election ** Kontoor Brands KTB.N: up 8.1% BUZZ-Kontoor Brands: Gains as Barclays hikes PT, upgrades to 'overweight' ** PTC Therapeutics Inc PTCT.O: up 7.1% BUZZ-PTC Therapeutics: Rises after JP Morgan raises rating to overweight ** Haverty Furniture HVT.N: up 5.7% BUZZ-Haverty Furniture: Hits 17-month high on strong sales ** Castor Maritime Inc CTRM.O: up 6.4% BUZZ-Castor Maritime rises on securing charter agreement for new vessel ** Walt Disney Co DIS.N: up 1.7% BUZZ-Third Point's Loeb calls for redirecting dividend to fund content, shares rise ** HC2 Holdings Inc HCHC.N: down 7.1% BUZZ-Falls after commencing rights offering ** Steris Plc STE.N: up 1.7% BUZZ-Steris gains after brokerage raises price target ** Masimo Corp MASI.O: up 3.1% BUZZ-Rises on upbeat forecast; Needham points to elective procedure recovery ** Fox Corp FOXA.O: up 3.5% BUZZ-Rises as BofA hikes PT to Street high ** Tesla Inc TSLA.O: up 3.7% BUZZ-Musk moots idea of making half a million cars in 2020, shares rise
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.63%
Consumer Discretionary
.SPLRCD
up 2.15%
Consumer Staples
.SPLRCS
up 1.06%
Energy
.SPNY
up 0.45%
Financial
.SPSY
up 1.06%
Health
.SPXHC
up 1.51%
Industrial
.SPLRCI
up 1.72%
Information Technology
.SPLRCT
up 1.73%
Materials
.SPLRCM
up 2.10%
Real Estate
.SPLRCR
up 0.37%
Utilities
.SPLRCU
up 0.38%
(Compiled by C Nivedita in Bengaluru)
((c.nivedita@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** Alexion Pharmaceuticals Inc ALXN.O, up 8.4% ** Freeport-McMoRan Inc FCX.N, up 6.4% ** Gap Inc GPS.N, up 6.3% The top three S&P 500 .PL.INX percentage losers: ** Everest Re Group Ltd RE.N, down 2.3% ** Hess Corp HES.N, down 2.3% ** Cincinnati Financial Corp CINF.O, down 1.7% The top three NYSE .PG.N percentage gainers: ** ReneSola Ltd SOL.N, up 28.8% ** Planet Green Holdings Corp PLAG.N, up 28.3% ** Natuzzi S.p.A. NTZ.N, up 15.1% The top three NYSE .PL.N percentage losers: ** China Green Agriculture Inc CGA.N, down 19.3% ** Hyliion Holdings Corp HYLN.N, down 9.7% ** Liberty Oilfield Services Inc LBRT.N, down 8.7% The top three Nasdaq .PG.O percentage gainers: ** American Resources Corp AREC.O, up 127% ** Peck Company Holdings Inc PECK.O, up 60.7% ** CVD Equipment Corp CVV.O, up 58% The top two Nasdaq .PL.O percentage losers: ** Electro-Sensors Inc ELSE.O, down 35.8% ** Forum Merger II Corp FMCIU.O, down 17.9% ** Levi Strauss & Co LEVI.N: up 6.1% BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.2% ** United Airlines Holdings Inc UAL.O: up 4.2% ** Delta Air Lines Inc DAL.N: up 3.1% ** JetBlue Airways Corp JBLU.O: up 5.7% BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 10.8% BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.6% BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.1% BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 7.1% BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 3.1% BUZZ-Berenberg starts coverage with 'hold' ** Perion Network Ltd PERI.O: up 12.6% BUZZ-Jumps after lifting H2 forecast ** Workday Inc WDAY.O: up 5.7% BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 5.6% BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 4.1% BUZZ-Slides on report of discounted equity offering ** Stable Road Acquisition Corp SRAC.O: up 1.8% BUZZ-Rises on merger with Momentus ** Bristol-Myers Squibb Co BMY.N: up 4.2% BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 5.8% BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 1.4% BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** Aytu BioScience Inc AYTU.O: down 13.9% BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 14.7% BUZZ-Rises as Japan's hospital to use co's surgical system ** RAVE Restaurant Group Inc RAVE.O: up 105.3% BUZZ-Quadruples on new hiring to lead expansion ** Citius Pharmaceuticals Inc CTXR.O: up 5.9% BUZZ-Citius Pharma rises on licensing agreement for stem cell therapy ** AzurRx BioPharma Inc AZRX.O: flat BUZZ-Rises as CEO reassures on cash position ** Eli Lilly and Co LLY.N: up 2.7% BUZZ-Gains after applying for FDA emergency use for COVID-19 treatment ** Peck Company Holdings Inc PECK.O: up 60.7% BUZZ-Surges on contract for solar project in Rhode Island ** ARCA Biopharma Inc ABIO.O: down 6.7% BUZZ-Surges on FDA nod to begin potential COVID-19 drug trial ** Vaxart Inc VXRT.O: up 2.2% BUZZ-Up on expanding manufacturing deal for COVID-19 vaccine candidate ** Sunworks Inc SUNW.O: up 42.9% BUZZ-Surges on $10 mln commercial, agriculture projects ** Phunware Inc PHUN.O: up 16.6% BUZZ-Rises on Honeywell contracts ** Paychex Inc PAYX.O: up 1.8% BUZZ-Rises as Q1 results beat ** RPM International Inc RPM.N: up 2.2% BUZZ-Climbs on Q1 beat, bullish outlook ** Achieve Life Sciences Inc ACHV.O: up 7.2% BUZZ-Up on launch of late-stage trial of smoking cessation drug ** Ocular Therapeutix Inc OCUL.O: up 24.1% BUZZ-Rises on higher product sales in Q3 ** Element Solutions Inc ESI.N: up 3.6% BUZZ-Rises after announcing share buyback ** Silicon Motion Technology Corp SIMO.O: up 6.8% BUZZ-Up on upbeat preliminary Q3 results ** Gap Inc GPS.N: up 6.3% BUZZ-Gains as Barclays upgrades to 'overweight' ** RedHill Biopharma Ltd RDHL.O: up 1.7% BUZZ-Gains as COVID-19 drug study passes second safety review ** Eton Pharmaceuticals Inc ETON.O: up 4.7% BUZZ-Jumps on new drug application to treat seizures, migraine ** Landec Corp LNDC.O: down 4.8% BUZZ-Falls as first-quarter loss widens ** Alkermes Plc ALKS.O: up 4.8% BUZZ-Rises as FDA posts briefing documents ahead of expert panel meeting ** Crocs Inc CROX.O: flat BUZZ-Rises on tie-up with Justin Bieber ** Elanco Animal Health Inc ELAN.N: up 12.2% BUZZ-Rises as Sachem Head builds $1.2 bln stake in co ** Quanterix Corp QTRX.O: up 11.1% BUZZ-Jumps on contract to advance COVID-19 antigen test ** Clorox Co CLX.N: up 2.2% BUZZ-Rises on unveiling symptom-detecting device amid pandemic ** Vishay Intertechnology Inc VSH.N: up 6.2% BUZZ-Eyes best day in 5 months as Stifel raises to 'buy' ** JPMorgan Chase & Co JPM.N: up 0.9% ** Citigroup Inc C.N: up 0.7% ** Goldman Sachs Group Inc GS.N: up 0.4% ** Wells Fargo & Co WFC.N: up 1.9% ** Morgan Stanley MS.N: up 1.3% ** Bank of America Corp BAC.N: up 1.4% BUZZ-U.S. big banks follow gains on yields as risk sentiment rebounds ** Celanese Corp CE.N: up 3.9% BUZZ-Up after increasing acetate tow prices by 5% ** OrthoPediatrics Corp KIDS.O: up 6.8% BUZZ-Jumps after BTIG raises price target ** Taiwan Liposome Co Ltd TLC.O: up 27.7% BUZZ-Gains on Australia, Taiwan nod for COVID-19 therapy human trials ** Lightspeed POS Inc LSPD.N: up 6.8% BUZZ-Gains on deal with U.S. golf course operator ** American Resources Corp AREC.O: up 127.0% BUZZ-Considers strategic options for unit, shares surge ** Advanced Micro Devices Inc AMD.O: up 2.4% BUZZ-Gains after Jefferies hikes PT ** Lamb Weston Holdings Inc LW.N: up 2.5% BUZZ-French fry seller's stock heats up after upbeat report ** Pfizer Inc PFE.N: down 0.2% ** BioNTech SE BNTX.O: down 1.3% BUZZ-U.S. authorization for Pfizer, BioNTech COVID-19 vaccine unlikely before election ** Kontoor Brands KTB.N: up 8.1% BUZZ-Kontoor Brands: Gains as Barclays hikes PT, upgrades to 'overweight' ** PTC Therapeutics Inc PTCT.O: up 7.1% BUZZ-PTC Therapeutics: Rises after JP Morgan raises rating to overweight ** Haverty Furniture HVT.N: up 5.7% BUZZ-Haverty Furniture: Hits 17-month high on strong sales ** Castor Maritime Inc CTRM.O: up 6.4% BUZZ-Castor Maritime rises on securing charter agreement for new vessel ** Walt Disney Co DIS.N: up 1.7% BUZZ-Third Point's Loeb calls for redirecting dividend to fund content, shares rise ** HC2 Holdings Inc HCHC.N: down 7.1% BUZZ-Falls after commencing rights offering ** Steris Plc STE.N: up 1.7% BUZZ-Steris gains after brokerage raises price target ** Masimo Corp MASI.O: up 3.1% BUZZ-Rises on upbeat forecast; Needham points to elective procedure recovery ** Fox Corp FOXA.O: up 3.5% BUZZ-Rises as BofA hikes PT to Street high ** Tesla Inc TSLA.O: up 3.7% BUZZ-Musk moots idea of making half a million cars in 2020, shares rise 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 jumped on Wednesday on hopes of at least a partial deal on more fiscal stimulus after U.S. President Donald Trump abruptly called off negotiations on a comprehensive bill in the previous session. up 0.38% (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** Alexion Pharmaceuticals Inc ALXN.O, up 8.4% ** Freeport-McMoRan Inc FCX.N, up 6.4% ** Gap Inc GPS.N, up 6.3% The top three S&P 500 .PL.INX percentage losers: ** Everest Re Group Ltd RE.N, down 2.3% ** Hess Corp HES.N, down 2.3% ** Cincinnati Financial Corp CINF.O, down 1.7% The top three NYSE .PG.N percentage gainers: ** ReneSola Ltd SOL.N, up 28.8% ** Planet Green Holdings Corp PLAG.N, up 28.3% ** Natuzzi S.p.A. NTZ.N, up 15.1% The top three NYSE .PL.N percentage losers: ** China Green Agriculture Inc CGA.N, down 19.3% ** Hyliion Holdings Corp HYLN.N, down 9.7% ** Liberty Oilfield Services Inc LBRT.N, down 8.7% The top three Nasdaq .PG.O percentage gainers: ** American Resources Corp AREC.O, up 127% ** Peck Company Holdings Inc PECK.O, up 60.7% ** CVD Equipment Corp CVV.O, up 58% The top two Nasdaq .PL.O percentage losers: ** Electro-Sensors Inc ELSE.O, down 35.8% ** Forum Merger II Corp FMCIU.O, down 17.9% ** Levi Strauss & Co LEVI.N: up 6.1% BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.2% ** United Airlines Holdings Inc UAL.O: up 4.2% ** Delta Air Lines Inc DAL.N: up 3.1% ** JetBlue Airways Corp JBLU.O: up 5.7% BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 10.8% BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.6% BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.1% BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 7.1% BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 3.1% BUZZ-Berenberg starts coverage with 'hold' ** Perion Network Ltd PERI.O: up 12.6% BUZZ-Jumps after lifting H2 forecast ** Workday Inc WDAY.O: up 5.7% BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 5.6% BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 4.1% BUZZ-Slides on report of discounted equity offering ** Stable Road Acquisition Corp SRAC.O: up 1.8% BUZZ-Rises on merger with Momentus ** Bristol-Myers Squibb Co BMY.N: up 4.2% BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 5.8% BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 1.4% BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** Aytu BioScience Inc AYTU.O: down 13.9% BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 14.7% BUZZ-Rises as Japan's hospital to use co's surgical system ** RAVE Restaurant Group Inc RAVE.O: up 105.3% BUZZ-Quadruples on new hiring to lead expansion ** Citius Pharmaceuticals Inc CTXR.O: up 5.9% BUZZ-Citius Pharma rises on licensing agreement for stem cell therapy ** AzurRx BioPharma Inc AZRX.O: flat BUZZ-Rises as CEO reassures on cash position ** Eli Lilly and Co LLY.N: up 2.7% BUZZ-Gains after applying for FDA emergency use for COVID-19 treatment ** Peck Company Holdings Inc PECK.O: up 60.7% BUZZ-Surges on contract for solar project in Rhode Island ** ARCA Biopharma Inc ABIO.O: down 6.7% BUZZ-Surges on FDA nod to begin potential COVID-19 drug trial ** Vaxart Inc VXRT.O: up 2.2% BUZZ-Up on expanding manufacturing deal for COVID-19 vaccine candidate ** Sunworks Inc SUNW.O: up 42.9% BUZZ-Surges on $10 mln commercial, agriculture projects ** Phunware Inc PHUN.O: up 16.6% BUZZ-Rises on Honeywell contracts ** Paychex Inc PAYX.O: up 1.8% BUZZ-Rises as Q1 results beat ** RPM International Inc RPM.N: up 2.2% BUZZ-Climbs on Q1 beat, bullish outlook ** Achieve Life Sciences Inc ACHV.O: up 7.2% BUZZ-Up on launch of late-stage trial of smoking cessation drug ** Ocular Therapeutix Inc OCUL.O: up 24.1% BUZZ-Rises on higher product sales in Q3 ** Element Solutions Inc ESI.N: up 3.6% BUZZ-Rises after announcing share buyback ** Silicon Motion Technology Corp SIMO.O: up 6.8% BUZZ-Up on upbeat preliminary Q3 results ** Gap Inc GPS.N: up 6.3% BUZZ-Gains as Barclays upgrades to 'overweight' ** RedHill Biopharma Ltd RDHL.O: up 1.7% BUZZ-Gains as COVID-19 drug study passes second safety review ** Eton Pharmaceuticals Inc ETON.O: up 4.7% BUZZ-Jumps on new drug application to treat seizures, migraine ** Landec Corp LNDC.O: down 4.8% BUZZ-Falls as first-quarter loss widens ** Alkermes Plc ALKS.O: up 4.8% BUZZ-Rises as FDA posts briefing documents ahead of expert panel meeting ** Crocs Inc CROX.O: flat BUZZ-Rises on tie-up with Justin Bieber ** Elanco Animal Health Inc ELAN.N: up 12.2% BUZZ-Rises as Sachem Head builds $1.2 bln stake in co ** Quanterix Corp QTRX.O: up 11.1% BUZZ-Jumps on contract to advance COVID-19 antigen test ** Clorox Co CLX.N: up 2.2% BUZZ-Rises on unveiling symptom-detecting device amid pandemic ** Vishay Intertechnology Inc VSH.N: up 6.2% BUZZ-Eyes best day in 5 months as Stifel raises to 'buy' ** JPMorgan Chase & Co JPM.N: up 0.9% ** Citigroup Inc C.N: up 0.7% ** Goldman Sachs Group Inc GS.N: up 0.4% ** Wells Fargo & Co WFC.N: up 1.9% ** Morgan Stanley MS.N: up 1.3% ** Bank of America Corp BAC.N: up 1.4% BUZZ-U.S. big banks follow gains on yields as risk sentiment rebounds ** Celanese Corp CE.N: up 3.9% BUZZ-Up after increasing acetate tow prices by 5% ** OrthoPediatrics Corp KIDS.O: up 6.8% BUZZ-Jumps after BTIG raises price target ** Taiwan Liposome Co Ltd TLC.O: up 27.7% BUZZ-Gains on Australia, Taiwan nod for COVID-19 therapy human trials ** Lightspeed POS Inc LSPD.N: up 6.8% BUZZ-Gains on deal with U.S. golf course operator ** American Resources Corp AREC.O: up 127.0% BUZZ-Considers strategic options for unit, shares surge ** Advanced Micro Devices Inc AMD.O: up 2.4% BUZZ-Gains after Jefferies hikes PT ** Lamb Weston Holdings Inc LW.N: up 2.5% BUZZ-French fry seller's stock heats up after upbeat report ** Pfizer Inc PFE.N: down 0.2% ** BioNTech SE BNTX.O: down 1.3% BUZZ-U.S. authorization for Pfizer, BioNTech COVID-19 vaccine unlikely before election ** Kontoor Brands KTB.N: up 8.1% BUZZ-Kontoor Brands: Gains as Barclays hikes PT, upgrades to 'overweight' ** PTC Therapeutics Inc PTCT.O: up 7.1% BUZZ-PTC Therapeutics: Rises after JP Morgan raises rating to overweight ** Haverty Furniture HVT.N: up 5.7% BUZZ-Haverty Furniture: Hits 17-month high on strong sales ** Castor Maritime Inc CTRM.O: up 6.4% BUZZ-Castor Maritime rises on securing charter agreement for new vessel ** Walt Disney Co DIS.N: up 1.7% BUZZ-Third Point's Loeb calls for redirecting dividend to fund content, shares rise ** HC2 Holdings Inc HCHC.N: down 7.1% BUZZ-Falls after commencing rights offering ** Steris Plc STE.N: up 1.7% BUZZ-Steris gains after brokerage raises price target ** Masimo Corp MASI.O: up 3.1% BUZZ-Rises on upbeat forecast; Needham points to elective procedure recovery ** Fox Corp FOXA.O: up 3.5% BUZZ-Rises as BofA hikes PT to Street high ** Tesla Inc TSLA.O: up 3.7% BUZZ-Musk moots idea of making half a million cars in 2020, shares rise 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 jumped on Wednesday on hopes of at least a partial deal on more fiscal stimulus after U.S. President Donald Trump abruptly called off negotiations on a comprehensive bill in the previous session. up 0.38% (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** Alexion Pharmaceuticals Inc ALXN.O, up 8.4% ** Freeport-McMoRan Inc FCX.N, up 6.4% ** Gap Inc GPS.N, up 6.3% The top three S&P 500 .PL.INX percentage losers: ** Everest Re Group Ltd RE.N, down 2.3% ** Hess Corp HES.N, down 2.3% ** Cincinnati Financial Corp CINF.O, down 1.7% The top three NYSE .PG.N percentage gainers: ** ReneSola Ltd SOL.N, up 28.8% ** Planet Green Holdings Corp PLAG.N, up 28.3% ** Natuzzi S.p.A. NTZ.N, up 15.1% The top three NYSE .PL.N percentage losers: ** China Green Agriculture Inc CGA.N, down 19.3% ** Hyliion Holdings Corp HYLN.N, down 9.7% ** Liberty Oilfield Services Inc LBRT.N, down 8.7% The top three Nasdaq .PG.O percentage gainers: ** American Resources Corp AREC.O, up 127% ** Peck Company Holdings Inc PECK.O, up 60.7% ** CVD Equipment Corp CVV.O, up 58% The top two Nasdaq .PL.O percentage losers: ** Electro-Sensors Inc ELSE.O, down 35.8% ** Forum Merger II Corp FMCIU.O, down 17.9% ** Levi Strauss & Co LEVI.N: up 6.1% BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.2% ** United Airlines Holdings Inc UAL.O: up 4.2% ** Delta Air Lines Inc DAL.N: up 3.1% ** JetBlue Airways Corp JBLU.O: up 5.7% BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 10.8% BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.6% BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.1% BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 7.1% BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 3.1% BUZZ-Berenberg starts coverage with 'hold' ** Perion Network Ltd PERI.O: up 12.6% BUZZ-Jumps after lifting H2 forecast ** Workday Inc WDAY.O: up 5.7% BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 5.6% BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 4.1% BUZZ-Slides on report of discounted equity offering ** Stable Road Acquisition Corp SRAC.O: up 1.8% BUZZ-Rises on merger with Momentus ** Bristol-Myers Squibb Co BMY.N: up 4.2% BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 5.8% BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 1.4% BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** Aytu BioScience Inc AYTU.O: down 13.9% BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 14.7% BUZZ-Rises as Japan's hospital to use co's surgical system ** RAVE Restaurant Group Inc RAVE.O: up 105.3% BUZZ-Quadruples on new hiring to lead expansion ** Citius Pharmaceuticals Inc CTXR.O: up 5.9% BUZZ-Citius Pharma rises on licensing agreement for stem cell therapy ** AzurRx BioPharma Inc AZRX.O: flat BUZZ-Rises as CEO reassures on cash position ** Eli Lilly and Co LLY.N: up 2.7% BUZZ-Gains after applying for FDA emergency use for COVID-19 treatment ** Peck Company Holdings Inc PECK.O: up 60.7% BUZZ-Surges on contract for solar project in Rhode Island ** ARCA Biopharma Inc ABIO.O: down 6.7% BUZZ-Surges on FDA nod to begin potential COVID-19 drug trial ** Vaxart Inc VXRT.O: up 2.2% BUZZ-Up on expanding manufacturing deal for COVID-19 vaccine candidate ** Sunworks Inc SUNW.O: up 42.9% BUZZ-Surges on $10 mln commercial, agriculture projects ** Phunware Inc PHUN.O: up 16.6% BUZZ-Rises on Honeywell contracts ** Paychex Inc PAYX.O: up 1.8% BUZZ-Rises as Q1 results beat ** RPM International Inc RPM.N: up 2.2% BUZZ-Climbs on Q1 beat, bullish outlook ** Achieve Life Sciences Inc ACHV.O: up 7.2% BUZZ-Up on launch of late-stage trial of smoking cessation drug ** Ocular Therapeutix Inc OCUL.O: up 24.1% BUZZ-Rises on higher product sales in Q3 ** Element Solutions Inc ESI.N: up 3.6% BUZZ-Rises after announcing share buyback ** Silicon Motion Technology Corp SIMO.O: up 6.8% BUZZ-Up on upbeat preliminary Q3 results ** Gap Inc GPS.N: up 6.3% BUZZ-Gains as Barclays upgrades to 'overweight' ** RedHill Biopharma Ltd RDHL.O: up 1.7% BUZZ-Gains as COVID-19 drug study passes second safety review ** Eton Pharmaceuticals Inc ETON.O: up 4.7% BUZZ-Jumps on new drug application to treat seizures, migraine ** Landec Corp LNDC.O: down 4.8% BUZZ-Falls as first-quarter loss widens ** Alkermes Plc ALKS.O: up 4.8% BUZZ-Rises as FDA posts briefing documents ahead of expert panel meeting ** Crocs Inc CROX.O: flat BUZZ-Rises on tie-up with Justin Bieber ** Elanco Animal Health Inc ELAN.N: up 12.2% BUZZ-Rises as Sachem Head builds $1.2 bln stake in co ** Quanterix Corp QTRX.O: up 11.1% BUZZ-Jumps on contract to advance COVID-19 antigen test ** Clorox Co CLX.N: up 2.2% BUZZ-Rises on unveiling symptom-detecting device amid pandemic ** Vishay Intertechnology Inc VSH.N: up 6.2% BUZZ-Eyes best day in 5 months as Stifel raises to 'buy' ** JPMorgan Chase & Co JPM.N: up 0.9% ** Citigroup Inc C.N: up 0.7% ** Goldman Sachs Group Inc GS.N: up 0.4% ** Wells Fargo & Co WFC.N: up 1.9% ** Morgan Stanley MS.N: up 1.3% ** Bank of America Corp BAC.N: up 1.4% BUZZ-U.S. big banks follow gains on yields as risk sentiment rebounds ** Celanese Corp CE.N: up 3.9% BUZZ-Up after increasing acetate tow prices by 5% ** OrthoPediatrics Corp KIDS.O: up 6.8% BUZZ-Jumps after BTIG raises price target ** Taiwan Liposome Co Ltd TLC.O: up 27.7% BUZZ-Gains on Australia, Taiwan nod for COVID-19 therapy human trials ** Lightspeed POS Inc LSPD.N: up 6.8% BUZZ-Gains on deal with U.S. golf course operator ** American Resources Corp AREC.O: up 127.0% BUZZ-Considers strategic options for unit, shares surge ** Advanced Micro Devices Inc AMD.O: up 2.4% BUZZ-Gains after Jefferies hikes PT ** Lamb Weston Holdings Inc LW.N: up 2.5% BUZZ-French fry seller's stock heats up after upbeat report ** Pfizer Inc PFE.N: down 0.2% ** BioNTech SE BNTX.O: down 1.3% BUZZ-U.S. authorization for Pfizer, BioNTech COVID-19 vaccine unlikely before election ** Kontoor Brands KTB.N: up 8.1% BUZZ-Kontoor Brands: Gains as Barclays hikes PT, upgrades to 'overweight' ** PTC Therapeutics Inc PTCT.O: up 7.1% BUZZ-PTC Therapeutics: Rises after JP Morgan raises rating to overweight ** Haverty Furniture HVT.N: up 5.7% BUZZ-Haverty Furniture: Hits 17-month high on strong sales ** Castor Maritime Inc CTRM.O: up 6.4% BUZZ-Castor Maritime rises on securing charter agreement for new vessel ** Walt Disney Co DIS.N: up 1.7% BUZZ-Third Point's Loeb calls for redirecting dividend to fund content, shares rise ** HC2 Holdings Inc HCHC.N: down 7.1% BUZZ-Falls after commencing rights offering ** Steris Plc STE.N: up 1.7% BUZZ-Steris gains after brokerage raises price target ** Masimo Corp MASI.O: up 3.1% BUZZ-Rises on upbeat forecast; Needham points to elective procedure recovery ** Fox Corp FOXA.O: up 3.5% BUZZ-Rises as BofA hikes PT to Street high ** Tesla Inc TSLA.O: up 3.7% BUZZ-Musk moots idea of making half a million cars in 2020, shares rise The 11 major S&P 500 sectors: Communication Services .N At 13:37 ET, the Dow Jones Industrial Average .DJI was up 1.54% at 28,199.7. up 0.63% Consumer Discretionary
|
The top three S&P 500 .PG.INX percentage gainers: ** Alexion Pharmaceuticals Inc ALXN.O, up 8.4% ** Freeport-McMoRan Inc FCX.N, up 6.4% ** Gap Inc GPS.N, up 6.3% The top three S&P 500 .PL.INX percentage losers: ** Everest Re Group Ltd RE.N, down 2.3% ** Hess Corp HES.N, down 2.3% ** Cincinnati Financial Corp CINF.O, down 1.7% The top three NYSE .PG.N percentage gainers: ** ReneSola Ltd SOL.N, up 28.8% ** Planet Green Holdings Corp PLAG.N, up 28.3% ** Natuzzi S.p.A. NTZ.N, up 15.1% The top three NYSE .PL.N percentage losers: ** China Green Agriculture Inc CGA.N, down 19.3% ** Hyliion Holdings Corp HYLN.N, down 9.7% ** Liberty Oilfield Services Inc LBRT.N, down 8.7% The top three Nasdaq .PG.O percentage gainers: ** American Resources Corp AREC.O, up 127% ** Peck Company Holdings Inc PECK.O, up 60.7% ** CVD Equipment Corp CVV.O, up 58% The top two Nasdaq .PL.O percentage losers: ** Electro-Sensors Inc ELSE.O, down 35.8% ** Forum Merger II Corp FMCIU.O, down 17.9% ** Levi Strauss & Co LEVI.N: up 6.1% BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.2% ** United Airlines Holdings Inc UAL.O: up 4.2% ** Delta Air Lines Inc DAL.N: up 3.1% ** JetBlue Airways Corp JBLU.O: up 5.7% BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 10.8% BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.6% BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.1% BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 7.1% BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 3.1% BUZZ-Berenberg starts coverage with 'hold' ** Perion Network Ltd PERI.O: up 12.6% BUZZ-Jumps after lifting H2 forecast ** Workday Inc WDAY.O: up 5.7% BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 5.6% BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 4.1% BUZZ-Slides on report of discounted equity offering ** Stable Road Acquisition Corp SRAC.O: up 1.8% BUZZ-Rises on merger with Momentus ** Bristol-Myers Squibb Co BMY.N: up 4.2% BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 5.8% BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 1.4% BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** Aytu BioScience Inc AYTU.O: down 13.9% BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 14.7% BUZZ-Rises as Japan's hospital to use co's surgical system ** RAVE Restaurant Group Inc RAVE.O: up 105.3% BUZZ-Quadruples on new hiring to lead expansion ** Citius Pharmaceuticals Inc CTXR.O: up 5.9% BUZZ-Citius Pharma rises on licensing agreement for stem cell therapy ** AzurRx BioPharma Inc AZRX.O: flat BUZZ-Rises as CEO reassures on cash position ** Eli Lilly and Co LLY.N: up 2.7% BUZZ-Gains after applying for FDA emergency use for COVID-19 treatment ** Peck Company Holdings Inc PECK.O: up 60.7% BUZZ-Surges on contract for solar project in Rhode Island ** ARCA Biopharma Inc ABIO.O: down 6.7% BUZZ-Surges on FDA nod to begin potential COVID-19 drug trial ** Vaxart Inc VXRT.O: up 2.2% BUZZ-Up on expanding manufacturing deal for COVID-19 vaccine candidate ** Sunworks Inc SUNW.O: up 42.9% BUZZ-Surges on $10 mln commercial, agriculture projects ** Phunware Inc PHUN.O: up 16.6% BUZZ-Rises on Honeywell contracts ** Paychex Inc PAYX.O: up 1.8% BUZZ-Rises as Q1 results beat ** RPM International Inc RPM.N: up 2.2% BUZZ-Climbs on Q1 beat, bullish outlook ** Achieve Life Sciences Inc ACHV.O: up 7.2% BUZZ-Up on launch of late-stage trial of smoking cessation drug ** Ocular Therapeutix Inc OCUL.O: up 24.1% BUZZ-Rises on higher product sales in Q3 ** Element Solutions Inc ESI.N: up 3.6% BUZZ-Rises after announcing share buyback ** Silicon Motion Technology Corp SIMO.O: up 6.8% BUZZ-Up on upbeat preliminary Q3 results ** Gap Inc GPS.N: up 6.3% BUZZ-Gains as Barclays upgrades to 'overweight' ** RedHill Biopharma Ltd RDHL.O: up 1.7% BUZZ-Gains as COVID-19 drug study passes second safety review ** Eton Pharmaceuticals Inc ETON.O: up 4.7% BUZZ-Jumps on new drug application to treat seizures, migraine ** Landec Corp LNDC.O: down 4.8% BUZZ-Falls as first-quarter loss widens ** Alkermes Plc ALKS.O: up 4.8% BUZZ-Rises as FDA posts briefing documents ahead of expert panel meeting ** Crocs Inc CROX.O: flat BUZZ-Rises on tie-up with Justin Bieber ** Elanco Animal Health Inc ELAN.N: up 12.2% BUZZ-Rises as Sachem Head builds $1.2 bln stake in co ** Quanterix Corp QTRX.O: up 11.1% BUZZ-Jumps on contract to advance COVID-19 antigen test ** Clorox Co CLX.N: up 2.2% BUZZ-Rises on unveiling symptom-detecting device amid pandemic ** Vishay Intertechnology Inc VSH.N: up 6.2% BUZZ-Eyes best day in 5 months as Stifel raises to 'buy' ** JPMorgan Chase & Co JPM.N: up 0.9% ** Citigroup Inc C.N: up 0.7% ** Goldman Sachs Group Inc GS.N: up 0.4% ** Wells Fargo & Co WFC.N: up 1.9% ** Morgan Stanley MS.N: up 1.3% ** Bank of America Corp BAC.N: up 1.4% BUZZ-U.S. big banks follow gains on yields as risk sentiment rebounds ** Celanese Corp CE.N: up 3.9% BUZZ-Up after increasing acetate tow prices by 5% ** OrthoPediatrics Corp KIDS.O: up 6.8% BUZZ-Jumps after BTIG raises price target ** Taiwan Liposome Co Ltd TLC.O: up 27.7% BUZZ-Gains on Australia, Taiwan nod for COVID-19 therapy human trials ** Lightspeed POS Inc LSPD.N: up 6.8% BUZZ-Gains on deal with U.S. golf course operator ** American Resources Corp AREC.O: up 127.0% BUZZ-Considers strategic options for unit, shares surge ** Advanced Micro Devices Inc AMD.O: up 2.4% BUZZ-Gains after Jefferies hikes PT ** Lamb Weston Holdings Inc LW.N: up 2.5% BUZZ-French fry seller's stock heats up after upbeat report ** Pfizer Inc PFE.N: down 0.2% ** BioNTech SE BNTX.O: down 1.3% BUZZ-U.S. authorization for Pfizer, BioNTech COVID-19 vaccine unlikely before election ** Kontoor Brands KTB.N: up 8.1% BUZZ-Kontoor Brands: Gains as Barclays hikes PT, upgrades to 'overweight' ** PTC Therapeutics Inc PTCT.O: up 7.1% BUZZ-PTC Therapeutics: Rises after JP Morgan raises rating to overweight ** Haverty Furniture HVT.N: up 5.7% BUZZ-Haverty Furniture: Hits 17-month high on strong sales ** Castor Maritime Inc CTRM.O: up 6.4% BUZZ-Castor Maritime rises on securing charter agreement for new vessel ** Walt Disney Co DIS.N: up 1.7% BUZZ-Third Point's Loeb calls for redirecting dividend to fund content, shares rise ** HC2 Holdings Inc HCHC.N: down 7.1% BUZZ-Falls after commencing rights offering ** Steris Plc STE.N: up 1.7% BUZZ-Steris gains after brokerage raises price target ** Masimo Corp MASI.O: up 3.1% BUZZ-Rises on upbeat forecast; Needham points to elective procedure recovery ** Fox Corp FOXA.O: up 3.5% BUZZ-Rises as BofA hikes PT to Street high ** Tesla Inc TSLA.O: up 3.7% BUZZ-Musk moots idea of making half a million cars in 2020, shares rise 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 jumped on Wednesday on hopes of at least a partial deal on more fiscal stimulus after U.S. President Donald Trump abruptly called off negotiations on a comprehensive bill in the previous session. .N At 13:37 ET, the Dow Jones Industrial Average .DJI was up 1.54% at 28,199.7.
|
5180.0
|
2020-10-07 00:00:00 UTC
|
Why Airline Shares Took Off at the Open Today
|
AAL
|
https://www.nasdaq.com/articles/why-airline-shares-took-off-at-the-open-today-2020-10-07
|
nan
|
nan
|
What happened
Airline shares are flying high on Wednesday morning, reacting to a Tuesday night push by President Donald Trump to provide a second round of assistance to the struggling industry. That's a much different message from what Trump had said earlier in the day, and it's a reason for investors to get excited.
JetBlue Airways (NASDAQ: JBLU) led the sector higher on Wednesday, up 8% as of 9:45 a.m. EDT, while United Airlines Holdings (NASDAQ: UAL) climbed 5.8%; Spirit Airlines (NYSE: SAVE) was up 4.3%; and Alaska Air Group (NYSE: ALK), Delta Air Lines (NYSE: DAL), and American Airlines Group (NASDAQ: AAL) were all up more than 3% apiece.
Image source: Getty Images.
So what
It's been a rough year for the airlines. The COVID-19 pandemic has caused demand for travel to evaporate, pushing the entire industry into the red. The companies have survived thanks in part to $50 billion in aid provided as part of the CARES Act, but with traffic still not returning, the industry is going to shrink significantly in the months to come.
Despite the falloff in revenue, the airlines were able to keep their payroll intact thanks to funds in the CARES Act that went toward worker wages. In return for accepting the assistance, the companies agreed to do no layoffs through Sept. 30. But with that deadline now passed, tens of thousands of employees are facing furlough.
Lawmakers from both parties have pushed a new round of payroll assistance designed to put off furloughs for another six months, but the legislation has been bogged down as part of the broader fight in Washington over the size of a second stimulus bill. Trump called off negotiations Tuesday until after the election, causing stocks to drop.
Hours later, Trump in a late-night Tuesday tweet called on Congress to pass separate legislation providing $25 billion in payroll support for the airlines. He said the program can be funded via money allocated but so far unused as part of the CARES Act, promising that if Congress comes through with the assistance, he will sign immediately.
The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!
â Donald J. Trump (@realDonaldTrump) October 7, 2020
|
JetBlue Airways (NASDAQ: JBLU) led the sector higher on Wednesday, up 8% as of 9:45 a.m. EDT, while United Airlines Holdings (NASDAQ: UAL) climbed 5.8%; Spirit Airlines (NYSE: SAVE) was up 4.3%; and Alaska Air Group (NYSE: ALK), Delta Air Lines (NYSE: DAL), and American Airlines Group (NASDAQ: AAL) were all up more than 3% apiece. What happened Airline shares are flying high on Wednesday morning, reacting to a Tuesday night push by President Donald Trump to provide a second round of assistance to the struggling industry. Lawmakers from both parties have pushed a new round of payroll assistance designed to put off furloughs for another six months, but the legislation has been bogged down as part of the broader fight in Washington over the size of a second stimulus bill.
|
JetBlue Airways (NASDAQ: JBLU) led the sector higher on Wednesday, up 8% as of 9:45 a.m. EDT, while United Airlines Holdings (NASDAQ: UAL) climbed 5.8%; Spirit Airlines (NYSE: SAVE) was up 4.3%; and Alaska Air Group (NYSE: ALK), Delta Air Lines (NYSE: DAL), and American Airlines Group (NASDAQ: AAL) were all up more than 3% apiece. Hours later, Trump in a late-night Tuesday tweet called on Congress to pass separate legislation providing $25 billion in payroll support for the airlines. The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business.
|
JetBlue Airways (NASDAQ: JBLU) led the sector higher on Wednesday, up 8% as of 9:45 a.m. EDT, while United Airlines Holdings (NASDAQ: UAL) climbed 5.8%; Spirit Airlines (NYSE: SAVE) was up 4.3%; and Alaska Air Group (NYSE: ALK), Delta Air Lines (NYSE: DAL), and American Airlines Group (NASDAQ: AAL) were all up more than 3% apiece. What happened Airline shares are flying high on Wednesday morning, reacting to a Tuesday night push by President Donald Trump to provide a second round of assistance to the struggling industry. He said the program can be funded via money allocated but so far unused as part of the CARES Act, promising that if Congress comes through with the assistance, he will sign immediately.
|
JetBlue Airways (NASDAQ: JBLU) led the sector higher on Wednesday, up 8% as of 9:45 a.m. EDT, while United Airlines Holdings (NASDAQ: UAL) climbed 5.8%; Spirit Airlines (NYSE: SAVE) was up 4.3%; and Alaska Air Group (NYSE: ALK), Delta Air Lines (NYSE: DAL), and American Airlines Group (NASDAQ: AAL) were all up more than 3% apiece. What happened Airline shares are flying high on Wednesday morning, reacting to a Tuesday night push by President Donald Trump to provide a second round of assistance to the struggling industry. The companies have survived thanks in part to $50 billion in aid provided as part of the CARES Act, but with traffic still not returning, the industry is going to shrink significantly in the months to come.
|
5181.0
|
2020-10-07 00:00:00 UTC
|
Labour talks loom in top copper producer Chile
|
AAL
|
https://www.nasdaq.com/articles/labour-talks-loom-in-top-copper-producer-chile-2020-10-07
|
nan
|
nan
|
Oct 7 (Reuters) - Copper prices CMCU3 have been supported recently by concern about potential strikes in Chile, the world's biggest copper producer.
Two of five labour unions at the Candelaria copper mine in Chile rejected a contract offer from Canada's Lundin Mining, union officials said on Monday, raising the possibility of a strike.
Candelaria is only the first of six mines in Chile due to have labour talks in the coming months. The mines account for combined annual production of 2.7 million tonnes.
Below are details of looming labour contracts:
Contract Expiry
Mine
Majority Owner
Union Size
Mined Copper (tonnes)
Sept
Candelaria
Lundin
974
111,400
Sept
Escondida
BHP
737
1,187,800
Oct
Collahuasi
Glencore/Anglo
1,444
565,400
Oct
El Teniente
Codelco
354
459,700
Oct
Centinela
Antofagasta
814
276,600
Nov
Centinela
Angofagasta
685
276,600
Dec
Lomas Bayas
Glencore
n/a
78,900
Dec
El Teniente
Codelco
132
459,700
Source: UBS note, Chilean Mining Council. Production data based on annual output in 2019 from national copper commission Cochilco.
(Reporting by Eric Onstad in London and Fabian Cambero in Santiago Editing by David Goodman )
((eric.onstad@thomsonreuters.com; +44 20 7542 7093; Twitter https://twitter.com/reutersEricO; Reuters Messaging: eric.onstad.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.
|
Below are details of looming labour contracts: Contract Expiry Mine Majority Owner Union Size Mined Copper (tonnes) Sept Candelaria Lundin 974 111,400 Sept Escondida Production data based on annual output in 2019 from national copper commission Cochilco. (Reporting by Eric Onstad in London and Fabian Cambero in Santiago Editing by David Goodman ) ((eric.onstad@thomsonreuters.com; +44 20 7542 7093; Twitter https://twitter.com/reutersEricO; Reuters Messaging: eric.onstad.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.
|
Two of five labour unions at the Candelaria copper mine in Chile rejected a contract offer from Canada's Lundin Mining, union officials said on Monday, raising the possibility of a strike. Below are details of looming labour contracts: Contract Expiry Mine Majority Owner Union Size Mined Copper (tonnes) Sept Candelaria Lundin 974 111,400 Sept Escondida 737 1,187,800 Oct Collahuasi Glencore/Anglo 1,444 565,400 Oct El Teniente Codelco 354 459,700 Oct Centinela Antofagasta 814 276,600 Nov Centinela Angofagasta 685 276,600 Dec Lomas Bayas Glencore n/a 78,900 Dec El Teniente Codelco 132 459,700 Source: UBS note, Chilean Mining Council.
|
Two of five labour unions at the Candelaria copper mine in Chile rejected a contract offer from Canada's Lundin Mining, union officials said on Monday, raising the possibility of a strike. Below are details of looming labour contracts: Contract Expiry Mine Majority Owner Union Size Mined Copper (tonnes) Sept Candelaria Lundin 974 111,400 Sept Escondida 737 1,187,800 Oct Collahuasi Glencore/Anglo 1,444 565,400 Oct El Teniente Codelco 354 459,700 Oct Centinela Antofagasta 814 276,600 Nov Centinela Angofagasta 685 276,600 Dec Lomas Bayas Glencore n/a 78,900 Dec El Teniente Codelco 132 459,700 Source: UBS note, Chilean Mining Council.
|
Oct 7 (Reuters) - Copper prices CMCU3 have been supported recently by concern about potential strikes in Chile, the world's biggest copper producer. Two of five labour unions at the Candelaria copper mine in Chile rejected a contract offer from Canada's Lundin Mining, union officials said on Monday, raising the possibility of a strike. The mines account for combined annual production of 2.7 million tonnes.
|
5182.0
|
2020-10-07 00:00:00 UTC
|
U.S. airlines urge relief as White House signals possible piecemeal aid
|
AAL
|
https://www.nasdaq.com/articles/u.s.-airlines-urge-relief-as-white-house-signals-possible-piecemeal-aid-2020-10-07
|
nan
|
nan
|
By Tracy Rucinski
CHICAGO, Oct 7 (Reuters) - U.S. airlines urged top lawmakers on Wednesday to advance a standalone bill that would extend $25 billion in payroll support through March, as the Trump administration signaled possible piecemeal legislation a day after walking away from broad COVID-19 relief talks.
"We are disappointed that negotiations between Congress and the Administration over additional COVID-19 relief were suddenly suspended yesterday," Airlines for America, the main industry trade group, and a dozen airline unions wrote in a letter on Wednesday seen by Reuters.
"Now, in the absence of an overall COVID-19 relief package, we urge you to advance standalone legislation to extend the PSP (payroll support program)," it said.
The letter was sent to House Speaker Nancy Pelosi, Senate Majority Leader Mitch McConnell, House Minority Leader Kevin McCarthy and Senate Minority Leader Chuck Schumer.
Earlier, White House chief of staff, Mark Meadows, told reporters that stimulus talks were off but that negotiators were looking at standalone bills on 10 things that "we agree on."
The idea of airline relief has so far enjoyed broad bipartisan support in Washington, though last week Representative Peter DeFazio, chair of the House Transportation and Infrastructure Committee, failed to win approval of a standalone bipartisan measure for airlines under unanimous consent after some Republicans objected.
Airline shares jumped on Wednesday after sinking suddenly a day earlier on remarks by President Donald Trump that his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds.
(Reporting by Tracy Rucinski Editing by Chizu Nomiyama and Bernadette Baum)
((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.
|
By Tracy Rucinski CHICAGO, Oct 7 (Reuters) - U.S. airlines urged top lawmakers on Wednesday to advance a standalone bill that would extend $25 billion in payroll support through March, as the Trump administration signaled possible piecemeal legislation a day after walking away from broad COVID-19 relief talks. Earlier, White House chief of staff, Mark Meadows, told reporters that stimulus talks were off but that negotiators were looking at standalone bills on 10 things that "we agree on." Airline shares jumped on Wednesday after sinking suddenly a day earlier on remarks by President Donald Trump that his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds.
|
By Tracy Rucinski CHICAGO, Oct 7 (Reuters) - U.S. airlines urged top lawmakers on Wednesday to advance a standalone bill that would extend $25 billion in payroll support through March, as the Trump administration signaled possible piecemeal legislation a day after walking away from broad COVID-19 relief talks. "Now, in the absence of an overall COVID-19 relief package, we urge you to advance standalone legislation to extend the PSP (payroll support program)," it said. The letter was sent to House Speaker Nancy Pelosi, Senate Majority Leader Mitch McConnell, House Minority Leader Kevin McCarthy and Senate Minority Leader Chuck Schumer.
|
By Tracy Rucinski CHICAGO, Oct 7 (Reuters) - U.S. airlines urged top lawmakers on Wednesday to advance a standalone bill that would extend $25 billion in payroll support through March, as the Trump administration signaled possible piecemeal legislation a day after walking away from broad COVID-19 relief talks. "We are disappointed that negotiations between Congress and the Administration over additional COVID-19 relief were suddenly suspended yesterday," Airlines for America, the main industry trade group, and a dozen airline unions wrote in a letter on Wednesday seen by Reuters. The idea of airline relief has so far enjoyed broad bipartisan support in Washington, though last week Representative Peter DeFazio, chair of the House Transportation and Infrastructure Committee, failed to win approval of a standalone bipartisan measure for airlines under unanimous consent after some Republicans objected.
|
By Tracy Rucinski CHICAGO, Oct 7 (Reuters) - U.S. airlines urged top lawmakers on Wednesday to advance a standalone bill that would extend $25 billion in payroll support through March, as the Trump administration signaled possible piecemeal legislation a day after walking away from broad COVID-19 relief talks. The letter was sent to House Speaker Nancy Pelosi, Senate Majority Leader Mitch McConnell, House Minority Leader Kevin McCarthy and Senate Minority Leader Chuck Schumer. Airline shares jumped on Wednesday after sinking suddenly a day earlier on remarks by President Donald Trump that his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds.
|
5183.0
|
2020-10-07 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-United Airlines, CleanSpark, Netflix, TransEnterix, Peck Company
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-united-airlines-cleanspark-netflix-transenterix-peck-company
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes jumped on Wednesday, recouping losses from the previous session triggered by President Donald Trump's abrupt call to end stimulus talks, while Levi Strauss hit a four-month high after posting a surprise quarterly profit. .N
At 9:47 a.m. ET, the Dow Jones Industrial Average .DJI was up 1.20% at 28,107.28. The S&P 500 .SPX was up 1.17% at 3,400.32 and the Nasdaq Composite .IXIC was up 1.25% at 11,294.553. The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc UAL.O, up 6% ** Gap Inc GPS.N, up 5.7% ** Freeport-McMoRan Inc FCX.N, up 4.6% The top three S&P 500 .PL.INX percentage losers: ** NiSource Inc NI.N, down 1% ** Cboe Global Markets, Inc CBOE.Z, down 1% ** SBA Communications Corp SBAC.O, down 0.7% The top three NYSE .PG.N percentage gainers: ** ReneSola Ltd SOL.N, up 26.9% ** Navios Maritime Partners L.P. NM_ph.N, up 14.5% ** American Well Corp AMWL.N, up 12.2% The top NYSE .PL.N percentage losers: ** China Green Agriculture Inc CGA.N, down 18.9% ** Liberty Oilfield Services Inc LBRT.N, down 7.7% The top three Nasdaq .PG.O percentage gainers: ** American Resources Corp AREC.O, up 152.1% ** Peck Company Holdings Inc PECK.O, up 67.8% ** Sunworks Inc SUNW.O, up 52.9% The top Nasdaq .PL.O percentage losers: ** Electro-Sensors Inc ELSE.O, down 33.3% ** CleanSpark Inc CLSK.O, down 15.3% ** Levi Strauss & Co LEVI.N: up 9.6% BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.0% ** United Airlines Holdings Inc UAL.O: up 6.0% ** Delta Air Lines Inc DAL.N: up 3.4% ** JetBlue Airways Corp JBLU.O: up 7.0% BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 15.3% BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.7% BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 5.4% BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 8.9% BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 2.7% BUZZ-Berenberg starts coverage with 'hold' ** Perion Network Ltd PERI.O: up 12.7% BUZZ-Jumps after lifting H2 forecast ** Workday Inc WDAY.O: up 5.3% BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 3.8% BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 5.0% BUZZ-Slides on report of discounted equity offering ** Bristol-Myers Squibb Co BMY.N: up 1.1% BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 2.1% BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 1.0% BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 1.2% BUZZ-Jumps on securing $8 mln funding in China ** Aytu BioScience Inc AYTU.O: down 11.3% BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 18.6% BUZZ-Rises as Japan's hospital to use co's surgical system ** RAVE Restaurant Group Inc RAVE.O: up 190.9% BUZZ-Quadruples on new hiring to lead expansion ** Citius Pharmaceuticals Inc CTXR.O: up 5.9% BUZZ-Citius Pharma rises on licensing agreement for stem cell therapy ** AzurRx BioPharma Inc AZRX.O: up 0.7% BUZZ-Rises as CEO reassures on cash position ** Eli Lilly and Co LLY.N: up 2.2% BUZZ-Gains after applying for FDA emergency use for COVID-19 treatment ** Peck Company Holdings Inc PECK.O: up 67.8% BUZZ-Surges on contract for solar project in Rhode Island ** Vaxart Inc VXRT.O: up 3.3% BUZZ-Up on expanding manufacturing deal for COVID-19 vaccine candidate ** Sunworks Inc SUNW.O: up 52.9% BUZZ-Surges on $10 mln commercial, agriculture projects ** Phunware Inc PHUN.O: up 26.0% BUZZ-Rises on Honeywell contracts ** Paychex Inc PAYX.O: up 1.4% BUZZ-Rises as Q1 results beat
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.59%
Consumer Discretionary
.SPLRCD
up 1.66%
Consumer Staples
.SPLRCS
up 0.45%
Energy
.SPNY
up 0.53%
Financial
.SPSY
up 1.79%
Health
.SPXHC
up 0.92%
Industrial
.SPLRCI
up 1.75%
Information Technology
.SPLRCT
up 1.27%
Materials
.SPLRCM
up 2.01%
Real Estate
.SPLRCR
up 0.35%
Utilities
.SPLRCU
up 0.17%
(Compiled by C Nivedita in Bengaluru)
((c.nivedita@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc UAL.O, up 6% ** Gap Inc GPS.N, up 5.7% ** Freeport-McMoRan Inc FCX.N, up 4.6% The top three S&P 500 .PL.INX percentage losers: ** NiSource Inc NI.N, down 1% ** Cboe Global Markets, Inc CBOE.Z, down 1% ** SBA Communications Corp SBAC.O, down 0.7% The top three NYSE .PG.N percentage gainers: ** ReneSola Ltd SOL.N, up 26.9% ** Navios Maritime Partners L.P. NM_ph.N, up 14.5% ** American Well Corp AMWL.N, up 12.2% The top NYSE .PL.N percentage losers: ** China Green Agriculture Inc CGA.N, down 18.9% ** Liberty Oilfield Services Inc LBRT.N, down 7.7% The top three Nasdaq .PG.O percentage gainers: ** American Resources Corp AREC.O, up 152.1% ** Peck Company Holdings Inc PECK.O, up 67.8% ** Sunworks Inc SUNW.O, up 52.9% The top Nasdaq .PL.O percentage losers: ** Electro-Sensors Inc ELSE.O, down 33.3% ** CleanSpark Inc CLSK.O, down 15.3% ** Levi Strauss & Co LEVI.N: up 9.6% BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.0% ** United Airlines Holdings Inc UAL.O: up 6.0% ** Delta Air Lines Inc DAL.N: up 3.4% ** JetBlue Airways Corp JBLU.O: up 7.0% BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 15.3% BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.7% BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 5.4% BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 8.9% BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 2.7% BUZZ-Berenberg starts coverage with 'hold' ** Perion Network Ltd PERI.O: up 12.7% BUZZ-Jumps after lifting H2 forecast ** Workday Inc WDAY.O: up 5.3% BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 3.8% BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 5.0% BUZZ-Slides on report of discounted equity offering ** Bristol-Myers Squibb Co BMY.N: up 1.1% BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 2.1% BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 1.0% BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 1.2% BUZZ-Jumps on securing $8 mln funding in China ** Aytu BioScience Inc AYTU.O: down 11.3% BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 18.6% BUZZ-Rises as Japan's hospital to use co's surgical system ** RAVE Restaurant Group Inc RAVE.O: up 190.9% BUZZ-Quadruples on new hiring to lead expansion ** Citius Pharmaceuticals Inc CTXR.O: up 5.9% BUZZ-Citius Pharma rises on licensing agreement for stem cell therapy ** AzurRx BioPharma Inc AZRX.O: up 0.7% BUZZ-Rises as CEO reassures on cash position ** Eli Lilly and Co LLY.N: up 2.2% BUZZ-Gains after applying for FDA emergency use for COVID-19 treatment ** Peck Company Holdings Inc PECK.O: up 67.8% BUZZ-Surges on contract for solar project in Rhode Island ** Vaxart Inc VXRT.O: up 3.3% BUZZ-Up on expanding manufacturing deal for COVID-19 vaccine candidate ** Sunworks Inc SUNW.O: up 52.9% BUZZ-Surges on $10 mln commercial, agriculture projects ** Phunware Inc PHUN.O: up 26.0% BUZZ-Rises on Honeywell contracts ** Paychex Inc PAYX.O: up 1.4% BUZZ-Rises as Q1 results beat 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 jumped on Wednesday, recouping losses from the previous session triggered by President Donald Trump's abrupt call to end stimulus talks, while Levi Strauss hit a four-month high after posting a surprise quarterly profit. up 0.17% (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc UAL.O, up 6% ** Gap Inc GPS.N, up 5.7% ** Freeport-McMoRan Inc FCX.N, up 4.6% The top three S&P 500 .PL.INX percentage losers: ** NiSource Inc NI.N, down 1% ** Cboe Global Markets, Inc CBOE.Z, down 1% ** SBA Communications Corp SBAC.O, down 0.7% The top three NYSE .PG.N percentage gainers: ** ReneSola Ltd SOL.N, up 26.9% ** Navios Maritime Partners L.P. NM_ph.N, up 14.5% ** American Well Corp AMWL.N, up 12.2% The top NYSE .PL.N percentage losers: ** China Green Agriculture Inc CGA.N, down 18.9% ** Liberty Oilfield Services Inc LBRT.N, down 7.7% The top three Nasdaq .PG.O percentage gainers: ** American Resources Corp AREC.O, up 152.1% ** Peck Company Holdings Inc PECK.O, up 67.8% ** Sunworks Inc SUNW.O, up 52.9% The top Nasdaq .PL.O percentage losers: ** Electro-Sensors Inc ELSE.O, down 33.3% ** CleanSpark Inc CLSK.O, down 15.3% ** Levi Strauss & Co LEVI.N: up 9.6% BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.0% ** United Airlines Holdings Inc UAL.O: up 6.0% ** Delta Air Lines Inc DAL.N: up 3.4% ** JetBlue Airways Corp JBLU.O: up 7.0% BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 15.3% BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.7% BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 5.4% BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 8.9% BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 2.7% BUZZ-Berenberg starts coverage with 'hold' ** Perion Network Ltd PERI.O: up 12.7% BUZZ-Jumps after lifting H2 forecast ** Workday Inc WDAY.O: up 5.3% BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 3.8% BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 5.0% BUZZ-Slides on report of discounted equity offering ** Bristol-Myers Squibb Co BMY.N: up 1.1% BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 2.1% BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 1.0% BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 1.2% BUZZ-Jumps on securing $8 mln funding in China ** Aytu BioScience Inc AYTU.O: down 11.3% BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 18.6% BUZZ-Rises as Japan's hospital to use co's surgical system ** RAVE Restaurant Group Inc RAVE.O: up 190.9% BUZZ-Quadruples on new hiring to lead expansion ** Citius Pharmaceuticals Inc CTXR.O: up 5.9% BUZZ-Citius Pharma rises on licensing agreement for stem cell therapy ** AzurRx BioPharma Inc AZRX.O: up 0.7% BUZZ-Rises as CEO reassures on cash position ** Eli Lilly and Co LLY.N: up 2.2% BUZZ-Gains after applying for FDA emergency use for COVID-19 treatment ** Peck Company Holdings Inc PECK.O: up 67.8% BUZZ-Surges on contract for solar project in Rhode Island ** Vaxart Inc VXRT.O: up 3.3% BUZZ-Up on expanding manufacturing deal for COVID-19 vaccine candidate ** Sunworks Inc SUNW.O: up 52.9% BUZZ-Surges on $10 mln commercial, agriculture projects ** Phunware Inc PHUN.O: up 26.0% BUZZ-Rises on Honeywell contracts ** Paychex Inc PAYX.O: up 1.4% BUZZ-Rises as Q1 results beat 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 jumped on Wednesday, recouping losses from the previous session triggered by President Donald Trump's abrupt call to end stimulus talks, while Levi Strauss hit a four-month high after posting a surprise quarterly profit. up 0.17% (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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.
|
The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc UAL.O, up 6% ** Gap Inc GPS.N, up 5.7% ** Freeport-McMoRan Inc FCX.N, up 4.6% The top three S&P 500 .PL.INX percentage losers: ** NiSource Inc NI.N, down 1% ** Cboe Global Markets, Inc CBOE.Z, down 1% ** SBA Communications Corp SBAC.O, down 0.7% The top three NYSE .PG.N percentage gainers: ** ReneSola Ltd SOL.N, up 26.9% ** Navios Maritime Partners L.P. NM_ph.N, up 14.5% ** American Well Corp AMWL.N, up 12.2% The top NYSE .PL.N percentage losers: ** China Green Agriculture Inc CGA.N, down 18.9% ** Liberty Oilfield Services Inc LBRT.N, down 7.7% The top three Nasdaq .PG.O percentage gainers: ** American Resources Corp AREC.O, up 152.1% ** Peck Company Holdings Inc PECK.O, up 67.8% ** Sunworks Inc SUNW.O, up 52.9% The top Nasdaq .PL.O percentage losers: ** Electro-Sensors Inc ELSE.O, down 33.3% ** CleanSpark Inc CLSK.O, down 15.3% ** Levi Strauss & Co LEVI.N: up 9.6% BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.0% ** United Airlines Holdings Inc UAL.O: up 6.0% ** Delta Air Lines Inc DAL.N: up 3.4% ** JetBlue Airways Corp JBLU.O: up 7.0% BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 15.3% BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.7% BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 5.4% BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 8.9% BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 2.7% BUZZ-Berenberg starts coverage with 'hold' ** Perion Network Ltd PERI.O: up 12.7% BUZZ-Jumps after lifting H2 forecast ** Workday Inc WDAY.O: up 5.3% BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 3.8% BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 5.0% BUZZ-Slides on report of discounted equity offering ** Bristol-Myers Squibb Co BMY.N: up 1.1% BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 2.1% BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 1.0% BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 1.2% BUZZ-Jumps on securing $8 mln funding in China ** Aytu BioScience Inc AYTU.O: down 11.3% BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 18.6% BUZZ-Rises as Japan's hospital to use co's surgical system ** RAVE Restaurant Group Inc RAVE.O: up 190.9% BUZZ-Quadruples on new hiring to lead expansion ** Citius Pharmaceuticals Inc CTXR.O: up 5.9% BUZZ-Citius Pharma rises on licensing agreement for stem cell therapy ** AzurRx BioPharma Inc AZRX.O: up 0.7% BUZZ-Rises as CEO reassures on cash position ** Eli Lilly and Co LLY.N: up 2.2% BUZZ-Gains after applying for FDA emergency use for COVID-19 treatment ** Peck Company Holdings Inc PECK.O: up 67.8% BUZZ-Surges on contract for solar project in Rhode Island ** Vaxart Inc VXRT.O: up 3.3% BUZZ-Up on expanding manufacturing deal for COVID-19 vaccine candidate ** Sunworks Inc SUNW.O: up 52.9% BUZZ-Surges on $10 mln commercial, agriculture projects ** Phunware Inc PHUN.O: up 26.0% BUZZ-Rises on Honeywell contracts ** Paychex Inc PAYX.O: up 1.4% BUZZ-Rises as Q1 results beat The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was up 1.20% at 28,107.28. up 0.59% Consumer Discretionary
|
The top three S&P 500 .PG.INX percentage gainers: ** United Airlines Holdings Inc UAL.O, up 6% ** Gap Inc GPS.N, up 5.7% ** Freeport-McMoRan Inc FCX.N, up 4.6% The top three S&P 500 .PL.INX percentage losers: ** NiSource Inc NI.N, down 1% ** Cboe Global Markets, Inc CBOE.Z, down 1% ** SBA Communications Corp SBAC.O, down 0.7% The top three NYSE .PG.N percentage gainers: ** ReneSola Ltd SOL.N, up 26.9% ** Navios Maritime Partners L.P. NM_ph.N, up 14.5% ** American Well Corp AMWL.N, up 12.2% The top NYSE .PL.N percentage losers: ** China Green Agriculture Inc CGA.N, down 18.9% ** Liberty Oilfield Services Inc LBRT.N, down 7.7% The top three Nasdaq .PG.O percentage gainers: ** American Resources Corp AREC.O, up 152.1% ** Peck Company Holdings Inc PECK.O, up 67.8% ** Sunworks Inc SUNW.O, up 52.9% The top Nasdaq .PL.O percentage losers: ** Electro-Sensors Inc ELSE.O, down 33.3% ** CleanSpark Inc CLSK.O, down 15.3% ** Levi Strauss & Co LEVI.N: up 9.6% BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.0% ** United Airlines Holdings Inc UAL.O: up 6.0% ** Delta Air Lines Inc DAL.N: up 3.4% ** JetBlue Airways Corp JBLU.O: up 7.0% BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 15.3% BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.7% BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 5.4% BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 8.9% BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 2.7% BUZZ-Berenberg starts coverage with 'hold' ** Perion Network Ltd PERI.O: up 12.7% BUZZ-Jumps after lifting H2 forecast ** Workday Inc WDAY.O: up 5.3% BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 3.8% BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 5.0% BUZZ-Slides on report of discounted equity offering ** Bristol-Myers Squibb Co BMY.N: up 1.1% BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 2.1% BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 1.0% BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 1.2% BUZZ-Jumps on securing $8 mln funding in China ** Aytu BioScience Inc AYTU.O: down 11.3% BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 18.6% BUZZ-Rises as Japan's hospital to use co's surgical system ** RAVE Restaurant Group Inc RAVE.O: up 190.9% BUZZ-Quadruples on new hiring to lead expansion ** Citius Pharmaceuticals Inc CTXR.O: up 5.9% BUZZ-Citius Pharma rises on licensing agreement for stem cell therapy ** AzurRx BioPharma Inc AZRX.O: up 0.7% BUZZ-Rises as CEO reassures on cash position ** Eli Lilly and Co LLY.N: up 2.2% BUZZ-Gains after applying for FDA emergency use for COVID-19 treatment ** Peck Company Holdings Inc PECK.O: up 67.8% BUZZ-Surges on contract for solar project in Rhode Island ** Vaxart Inc VXRT.O: up 3.3% BUZZ-Up on expanding manufacturing deal for COVID-19 vaccine candidate ** Sunworks Inc SUNW.O: up 52.9% BUZZ-Surges on $10 mln commercial, agriculture projects ** Phunware Inc PHUN.O: up 26.0% BUZZ-Rises on Honeywell contracts ** Paychex Inc PAYX.O: up 1.4% BUZZ-Rises as Q1 results beat 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 jumped on Wednesday, recouping losses from the previous session triggered by President Donald Trump's abrupt call to end stimulus talks, while Levi Strauss hit a four-month high after posting a surprise quarterly profit. ET, the Dow Jones Industrial Average .DJI was up 1.20% at 28,107.28.
|
5184.0
|
2020-10-07 00:00:00 UTC
|
U.S. stock futures bounce after worst session for S&P 500, Dow in two weeks
|
AAL
|
https://www.nasdaq.com/articles/u.s.-stock-futures-bounce-after-worst-session-for-sp-500-dow-in-two-weeks-2020-10-07
|
nan
|
nan
|
By Devik Jain and Sagarika Jaisinghani
Oct 7 (Reuters) - U.S. stock index futures recovered on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levis Strauss surged following a surprise quarterly profit.
Trump broke off negotiations with Democrats on more economic aid in a tweet on Tuesday, and promised a major stimulus bill after he wins the Nov. 3 election.
The announcement sparked the worst session for the S&P 500 and the Dow in two weeks, while airlines .DJUSAR sank 3% as the move appeared to scuttle $25 billion in new bailout for the industry.
Trump later urged Congress to immediately approve the package. Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.O jumped between 2.4% and 6.9% in premarket trading.
"(The halt in stimulus talks) is unlikely to be the catalyst for a significant sell-off as most market participants were not anticipating that a deal will be reached ahead of the election anyway," said Milan Cutkovic, market analyst at Axi Corp.
"Should there be no stimulus package announced shortly after the election, investors could get increasingly nervous about the economic recovery losing momentum."
Signs that lawmakers were negotiating a new round of fiscal aid had fueled a broad rally in U.S. stocks on Monday. Federal Reserve Chair Jerome Powell on Tuesday also called for more help for businesses and households to keep a nascent economic recovery from faltering.
All eyes later in the day will be on the only debate between Vice President Mike Pence and Democratic challenger Kamala Harris, which comes less than a week after Trump said he had contracted COVID-19 amid a White House outbreak that has infected numerous high-profile Republicans.
At 6:48 a.m. ET, Dow e-minis 1YMcv1 were up 150 points, or 0.54%, S&P 500 e-minis EScv1 were up 15.25 points, or 0.45%, and Nasdaq 100 e-minis NQcv1 were up 42 points, or 0.37%.
Levi Strauss & Co LEVI.N jumped 10.7% and was on course to open at a four-month high as it said it planned to open new stores, in contrast to analysts' projections for it take a hit from coronavirus-driven store closures. The company also reported a profit for the second quarter, defying expectations of a quarterly loss.
Shares of apparel retailer Gap Inc GPS.N rose 3.3%.
Boeing Co BA.N gained 1.8% after the Federal Aviation Administration issued a draft report on revised training procedures for the planemaker's 737 MAX, a key milestone to the plane's eventual ungrounding.
(Reporting by Devik Jain and Sagarika Jaisinghani in Bengaluru; Editing by Maju Samuel)
((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.
|
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.O jumped between 2.4% and 6.9% in premarket trading. By Devik Jain and Sagarika Jaisinghani Oct 7 (Reuters) - U.S. stock index futures recovered on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levis Strauss surged following a surprise quarterly profit. All eyes later in the day will be on the only debate between Vice President Mike Pence and Democratic challenger Kamala Harris, which comes less than a week after Trump said he had contracted COVID-19 amid a White House outbreak that has infected numerous high-profile Republicans.
|
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.O jumped between 2.4% and 6.9% in premarket trading. By Devik Jain and Sagarika Jaisinghani Oct 7 (Reuters) - U.S. stock index futures recovered on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levis Strauss surged following a surprise quarterly profit. ET, Dow e-minis 1YMcv1 were up 150 points, or 0.54%, S&P 500 e-minis EScv1 were up 15.25 points, or 0.45%, and Nasdaq 100 e-minis NQcv1 were up 42 points, or 0.37%.
|
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.O jumped between 2.4% and 6.9% in premarket trading. By Devik Jain and Sagarika Jaisinghani Oct 7 (Reuters) - U.S. stock index futures recovered on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levis Strauss surged following a surprise quarterly profit. Trump broke off negotiations with Democrats on more economic aid in a tweet on Tuesday, and promised a major stimulus bill after he wins the Nov. 3 election.
|
Shares of Delta Air Lines Inc DAL.N, American Airlines Group Inc AAL.O, United Airlines Holdings Inc UAL.O and JetBlue Airways Corp JBLU.O jumped between 2.4% and 6.9% in premarket trading. By Devik Jain and Sagarika Jaisinghani Oct 7 (Reuters) - U.S. stock index futures recovered on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levis Strauss surged following a surprise quarterly profit. Trump broke off negotiations with Democrats on more economic aid in a tweet on Tuesday, and promised a major stimulus bill after he wins the Nov. 3 election.
|
5185.0
|
2020-10-07 00:00:00 UTC
|
Trump Wants $25 Billion Airline Rescue Bill Passed Immediately
|
AAL
|
https://www.nasdaq.com/articles/trump-wants-%2425-billion-airline-rescue-bill-passed-immediately-2020-10-07
|
nan
|
nan
|
President Trump tweeted out a call for Congress to immediately pass a $25 billion payroll assistance plan for airlines Tuesday night.
Saying there was plenty of money left over from the CARES Act stimulus package. Declaring "Have this money. I will sign now!" the President urged the House of Representatives and Senate to act right away.
Image source: Getty Images.
An industry grounded
The airline industry is rolling out furloughs of workers as travel and tourism remain depressed due to the coronavirus pandemic. Last week, American Airlines (NASDAQ: AAL) and United Airlines (NASDAQ: UAL) began laying off 19,000 workers and 12,000 workers, respectively.
Congress passed a $50 billion bailout package earlier this year, half of which was to help pay airline employee salaries, but that bill expired on Sept. 30.Â
The White House and congress remain at odds over a more comprehensive stimulus package, with Trump offering $1.2 trillion in aid, but House Democrats pushing for $2.2 trillion. Trump finally ended negotiations until after the election, though overnight he tweeted out a call for a stand-alone package for individuals that would send out another round of $1,200 stimulus checks.
Not all airlines are laying off employees, though. Southwest Airlines (NYSE: LUV) said management was taking pay cuts and that the company would work to negotiate concessions from unions to avoid layoffs. Its revenue is 70% below its typical level.
Delta Air Lines (NYSE: DAL) was able to get 17,000 workers to quit voluntarily while another 40,000 took unpaid leaves of absence. As a result, it doesn't plan to lay off any employees until next year.
The airline industry overall, though, has laid off more than 150,000 workers due to COVID-19.
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
Â
*Stock Advisor returns as of September 24, 2020
Â
Rich Duprey has no position in any of the stocks mentioned. The Motley Fool recommends Delta Air Lines and Southwest Airlines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Last week, American Airlines (NASDAQ: AAL) and United Airlines (NASDAQ: UAL) began laying off 19,000 workers and 12,000 workers, respectively. President Trump tweeted out a call for Congress to immediately pass a $25 billion payroll assistance plan for airlines Tuesday night. Trump finally ended negotiations until after the election, though overnight he tweeted out a call for a stand-alone package for individuals that would send out another round of $1,200 stimulus checks.
|
Last week, American Airlines (NASDAQ: AAL) and United Airlines (NASDAQ: UAL) began laying off 19,000 workers and 12,000 workers, respectively. President Trump tweeted out a call for Congress to immediately pass a $25 billion payroll assistance plan for airlines Tuesday night. The Motley Fool recommends Delta Air Lines and Southwest Airlines.
|
Last week, American Airlines (NASDAQ: AAL) and United Airlines (NASDAQ: UAL) began laying off 19,000 workers and 12,000 workers, respectively. Congress passed a $50 billion bailout package earlier this year, half of which was to help pay airline employee salaries, but that bill expired on Sept. 30. The White House and congress remain at odds over a more comprehensive stimulus package, with Trump offering $1.2 trillion in aid, but House Democrats pushing for $2.2 trillion. 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.
|
Last week, American Airlines (NASDAQ: AAL) and United Airlines (NASDAQ: UAL) began laying off 19,000 workers and 12,000 workers, respectively. Congress passed a $50 billion bailout package earlier this year, half of which was to help pay airline employee salaries, but that bill expired on Sept. 30. The White House and congress remain at odds over a more comprehensive stimulus package, with Trump offering $1.2 trillion in aid, but House Democrats pushing for $2.2 trillion. See the 10 stocks
|
5186.0
|
2020-10-07 00:00:00 UTC
|
Pre-Market Most Active for Oct 7, 2020 : DKNG, AAL, AAPL, SQQQ, TLC, PLTR, NIO, GE, QQQ, MS, CCL, BA
|
AAL
|
https://www.nasdaq.com/articles/pre-market-most-active-for-oct-7-2020-%3A-dkng-aal-aapl-sqqq-tlc-pltr-nio-ge-qqq-ms-ccl-ba
|
nan
|
nan
|
The NASDAQ 100 Pre-Market Indicator is up 99.46 to 11,390.73. The total Pre-Market volume is currently 19,307,503 shares traded.
The following are the most active stocks for the pre-market session:
DraftKings Inc. (DKNG) is -4.72 at $52.06, with 5,109,931 shares traded. As reported by Zacks, the current mean recommendation for DKNG is in the "buy range".
American Airlines Group, Inc. (AAL) is +0.48 at $13.01, with 1,859,035 shares traded. AAL's current last sale is 130.1% of the target price of $10.
Apple Inc. (AAPL) is +1.32 at $114.48, with 1,513,851 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
ProShares UltraPro Short QQQ (SQQQ) is -0.6 at $23.70, with 1,282,013 shares traded. This represents a 21.23% increase from its 52 Week Low.
Taiwan Liposome Company, Ltd. (TLC) is +3 at $7.40, with 1,190,001 shares traded. As reported by Zacks, the current mean recommendation for TLC is in the "strong buy range".
Palantir Technologies Inc. (PLTR) is +0.19 at $10.09, with 961,992 shares traded.
NIO Inc. (NIO) is +0.45 at $21.12, with 731,078 shares traded. NIO's current last sale is 150.86% of the target price of $14.
General Electric Company (GE) is +0.09 at $6.26, with 683,235 shares traded. As reported by Zacks, the current mean recommendation for GE is in the "buy range".
Invesco QQQ Trust, Series 1 (QQQ) is +2.17 at $277.33, with 625,295 shares traded. This represents a 68.15% increase from its 52 Week Low.
Morgan Stanley (MS) is unchanged at $47.74, with 549,065 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 $1.22. As reported by Zacks, the current mean recommendation for MS is in the "buy range".
Carnival Corporation (CCL) is +0.31 at $15.50, with 485,165 shares traded.CCL is scheduled to provide an earnings report on 10/8/2020, for the fiscal quarter ending Aug2020. The consensus earnings per share forecast is -2.22 per share, which represents a 263 percent increase over the EPS one Year Ago
Boeing Company (The) (BA) is +3.56 at $163.10, with 376,495 shares traded. BA's current last sale is 93.2% of the target price of $175.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines Group, Inc. (AAL) is +0.48 at $13.01, with 1,859,035 shares traded. AAL's current last sale is 130.1% of the target price of $10. As reported by Zacks, the current mean recommendation for TLC is in the "strong buy range".
|
American Airlines Group, Inc. (AAL) is +0.48 at $13.01, with 1,859,035 shares traded. AAL's current last sale is 130.1% of the target price of $10. As reported by Zacks, the current mean recommendation for DKNG is in the "buy range".
|
American Airlines Group, Inc. (AAL) is +0.48 at $13.01, with 1,859,035 shares traded. AAL's current last sale is 130.1% of the target price of $10. The total Pre-Market volume is currently 19,307,503 shares traded.
|
American Airlines Group, Inc. (AAL) is +0.48 at $13.01, with 1,859,035 shares traded. AAL's current last sale is 130.1% of the target price of $10. The NASDAQ 100 Pre-Market Indicator is up 99.46 to 11,390.73.
|
5187.0
|
2020-10-07 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-Levi Strauss, American Airlines, CleanSpark, Taiwan Liposome
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-levi-strauss-american-airlines-cleanspark-taiwan-liposome
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stock index futures recovered on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levis Strauss surged following a surprise quarterly profit. .N
At 7:04 a.m. ET, Dow e-minis 1YMc1 were up 0.65% at 27,880. S&P 500 e-minis ESc1 were up 0.54% at 3,371.25, while Nasdaq 100 e-minis NQc1 were up 0.43% at 11,321.75. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Hill International Inc HIL.N, up 23.6% ** Levi Strauss & Co LEVI.N, up 11.2% ** Four Seasons Education Inc FEDU.N, up 9.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 10.6% ** Liberty Oilfield Services Inc LBRT.N, down 9.1% ** Vedanta Ltd VEDL.N, down 6.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Rave Restaurant Group Inc RAVE.O, up 431.1% ** Taiwan Liposome Co Ltd TLC.O, up 109.1% ** Ocean Power Technologies Inc OPTT.O, up 20.6%
The top three Nasdaq percentage losers premarket .PRPL.O: ** Electro-Sensors Inc ELSE.O, down 24.7% ** Cleanspark Inc CLSK.O, down 22.6% ** Asia Pacific Wire & Cable Corp Ltd APWC.O, down 18.3% ** Levi Strauss & Co LEVI.N: up 11.2% premarket BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 3.3% premarket ** United Airlines Holdings Inc UAL.O: up 3.8% premarket ** Delta Air Lines Inc DAL.N: up 3.7% premarket BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 22.6% premarket BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.9% premarket BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.1% premarket BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 4.6% premarket BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy'
(Compiled by C Nivedita in Bengaluru)
((c.nivedita@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.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Hill International Inc HIL.N, up 23.6% ** Levi Strauss & Co LEVI.N, up 11.2% ** Four Seasons Education Inc FEDU.N, up 9.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 10.6% ** Liberty Oilfield Services Inc LBRT.N, down 9.1% ** Vedanta Ltd VEDL.N, down 6.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Rave Restaurant Group Inc RAVE.O, up 431.1% ** Taiwan Liposome Co Ltd TLC.O, up 109.1% ** Ocean Power Technologies Inc OPTT.O, up 20.6% The top three Nasdaq percentage losers premarket .PRPL.O: ** Electro-Sensors Inc ELSE.O, down 24.7% ** Cleanspark Inc CLSK.O, down 22.6% ** Asia Pacific Wire & Cable Corp Ltd APWC.O, down 18.3% ** Levi Strauss & Co LEVI.N: up 11.2% premarket BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 3.3% premarket ** United Airlines Holdings Inc UAL.O: up 3.8% premarket ** Delta Air Lines Inc DAL.N: up 3.7% premarket BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 22.6% premarket BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.9% premarket BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.1% premarket BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 4.6% premarket BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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 recovered on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levis Strauss surged following a surprise quarterly profit. ET, Dow e-minis 1YMc1 were up 0.65% at 27,880.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Hill International Inc HIL.N, up 23.6% ** Levi Strauss & Co LEVI.N, up 11.2% ** Four Seasons Education Inc FEDU.N, up 9.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 10.6% ** Liberty Oilfield Services Inc LBRT.N, down 9.1% ** Vedanta Ltd VEDL.N, down 6.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Rave Restaurant Group Inc RAVE.O, up 431.1% ** Taiwan Liposome Co Ltd TLC.O, up 109.1% ** Ocean Power Technologies Inc OPTT.O, up 20.6% The top three Nasdaq percentage losers premarket .PRPL.O: ** Electro-Sensors Inc ELSE.O, down 24.7% ** Cleanspark Inc CLSK.O, down 22.6% ** Asia Pacific Wire & Cable Corp Ltd APWC.O, down 18.3% ** Levi Strauss & Co LEVI.N: up 11.2% premarket BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 3.3% premarket ** United Airlines Holdings Inc UAL.O: up 3.8% premarket ** Delta Air Lines Inc DAL.N: up 3.7% premarket BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 22.6% premarket BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.9% premarket BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.1% premarket BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 4.6% premarket BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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 recovered on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levis Strauss surged following a surprise quarterly profit. S&P 500 e-minis ESc1 were up 0.54% at 3,371.25, while Nasdaq 100 e-minis NQc1 were up 0.43% at 11,321.75.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Hill International Inc HIL.N, up 23.6% ** Levi Strauss & Co LEVI.N, up 11.2% ** Four Seasons Education Inc FEDU.N, up 9.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 10.6% ** Liberty Oilfield Services Inc LBRT.N, down 9.1% ** Vedanta Ltd VEDL.N, down 6.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Rave Restaurant Group Inc RAVE.O, up 431.1% ** Taiwan Liposome Co Ltd TLC.O, up 109.1% ** Ocean Power Technologies Inc OPTT.O, up 20.6% The top three Nasdaq percentage losers premarket .PRPL.O: ** Electro-Sensors Inc ELSE.O, down 24.7% ** Cleanspark Inc CLSK.O, down 22.6% ** Asia Pacific Wire & Cable Corp Ltd APWC.O, down 18.3% ** Levi Strauss & Co LEVI.N: up 11.2% premarket BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 3.3% premarket ** United Airlines Holdings Inc UAL.O: up 3.8% premarket ** Delta Air Lines Inc DAL.N: up 3.7% premarket BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 22.6% premarket BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.9% premarket BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.1% premarket BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 4.6% premarket BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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 recovered on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levis Strauss surged following a surprise quarterly profit. S&P 500 e-minis ESc1 were up 0.54% at 3,371.25, while Nasdaq 100 e-minis NQc1 were up 0.43% at 11,321.75.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Hill International Inc HIL.N, up 23.6% ** Levi Strauss & Co LEVI.N, up 11.2% ** Four Seasons Education Inc FEDU.N, up 9.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 10.6% ** Liberty Oilfield Services Inc LBRT.N, down 9.1% ** Vedanta Ltd VEDL.N, down 6.9% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Rave Restaurant Group Inc RAVE.O, up 431.1% ** Taiwan Liposome Co Ltd TLC.O, up 109.1% ** Ocean Power Technologies Inc OPTT.O, up 20.6% The top three Nasdaq percentage losers premarket .PRPL.O: ** Electro-Sensors Inc ELSE.O, down 24.7% ** Cleanspark Inc CLSK.O, down 22.6% ** Asia Pacific Wire & Cable Corp Ltd APWC.O, down 18.3% ** Levi Strauss & Co LEVI.N: up 11.2% premarket BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 3.3% premarket ** United Airlines Holdings Inc UAL.O: up 3.8% premarket ** Delta Air Lines Inc DAL.N: up 3.7% premarket BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 22.6% premarket BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 4.9% premarket BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.1% premarket BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 4.6% premarket BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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 recovered on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levis Strauss surged following a surprise quarterly profit. ET, Dow e-minis 1YMc1 were up 0.65% at 27,880.
|
5188.0
|
2020-10-07 00:00:00 UTC
|
Top global traders push to cut shipping emissions
|
AAL
|
https://www.nasdaq.com/articles/top-global-traders-push-to-cut-shipping-emissions-2020-10-07
|
nan
|
nan
|
By Jonathan Saul
LONDON, Oct 7 (Reuters) - Some of the world's biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime industry's carbon footprint.
About 90% of world trade is transported by sea, and the UN shipping agency - the International Maritime Organization (IMO) - aims to reduce overall greenhouse gas emissions by 50% from 2008 levels by 2050.
Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, the latest IMO-commissioned study showed, mounting pressure on the industry to bring levels down.
Under the Sea Cargo Charter, 17 companies, including agrigroups Cargill, ADM and Bunge, oil majors Royal Dutch Shell and Total and mining group Anglo American will publicly disclose annually whether their overall ship chartering activities are aligned with IMO 2050 goals.
"People buying voyage freight will start asking the question what emissions were actually tagged to this voyage and that is a question that was really not asked before," Jan Dieleman, president of Cargill's ocean transportation division, told Reuters.
"By creating the transparency, it becomes a topic in chartering decisions."
Peter Lye, global head of shipping with Anglo American, said charterers signed up will be able to analyse the emissions associated with ocean freight in a methodical way.
Grahaeme Henderson, global head of Shell Shipping & Maritime, added: "Collaboration such as this, from across the sector, is vital to scale-up customer demand for low- or zero-emissions shipping."
The initiative follows a parallel project, known as the Poseidon Principles, launched in 2019, where 18 of the world's biggest industry lenders agreed to link the provision of shipping finance to cuts in CO2.
The other companies involved in the latest initiative, launched by the non-profit Global Maritime Forum, are COFCO International, Dow, Equinor, Gunvor Group, Klaveness Combination Carriers, Louis Dreyfus Company, Norden, Occidental, Torvald Klaveness, Trafigura and Ørsted.
(Editing by Bernadette Baum)
((jonathan.saul@thomsonreuters.com; + 44 207 542 4357 ; Reuters Messaging: jonathan.saul.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
By Jonathan Saul LONDON, Oct 7 (Reuters) - Some of the world's biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime industry's carbon footprint. About 90% of world trade is transported by sea, and the UN shipping agency - the International Maritime Organization (IMO) - aims to reduce overall greenhouse gas emissions by 50% from 2008 levels by 2050. Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, the latest IMO-commissioned study showed, mounting pressure on the industry to bring levels down.
|
Peter Lye, global head of shipping with Anglo American, said charterers signed up will be able to analyse the emissions associated with ocean freight in a methodical way. Grahaeme Henderson, global head of Shell Shipping & Maritime, added: "Collaboration such as this, from across the sector, is vital to scale-up customer demand for low- or zero-emissions shipping." The other companies involved in the latest initiative, launched by the non-profit Global Maritime Forum, are COFCO International, Dow, Equinor, Gunvor Group, Klaveness Combination Carriers, Louis Dreyfus Company, Norden, Occidental, Torvald Klaveness, Trafigura and Ørsted.
|
By Jonathan Saul LONDON, Oct 7 (Reuters) - Some of the world's biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime industry's carbon footprint. About 90% of world trade is transported by sea, and the UN shipping agency - the International Maritime Organization (IMO) - aims to reduce overall greenhouse gas emissions by 50% from 2008 levels by 2050. Under the Sea Cargo Charter, 17 companies, including agrigroups Cargill, ADM and Bunge, oil majors Royal Dutch Shell and Total and mining group Anglo American will publicly disclose annually whether their overall ship chartering activities are aligned with IMO 2050 goals.
|
By Jonathan Saul LONDON, Oct 7 (Reuters) - Some of the world's biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime industry's carbon footprint. About 90% of world trade is transported by sea, and the UN shipping agency - the International Maritime Organization (IMO) - aims to reduce overall greenhouse gas emissions by 50% from 2008 levels by 2050. Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, the latest IMO-commissioned study showed, mounting pressure on the industry to bring levels down.
|
5189.0
|
2020-10-07 00:00:00 UTC
|
BHP freezes membership of Australian state mining lobby over Greens campaign
|
AAL
|
https://www.nasdaq.com/articles/bhp-freezes-membership-of-australian-state-mining-lobby-over-greens-campaign-2020-10-07
|
nan
|
nan
|
Adds comments of QRC, Greens; paragraphs 7-11
MELBOURNE, Oct 7 (Reuters) - BHP Group Ltd BHP.AX, BHPB.L has suspended its membership of an Australian state mining lobby group that has campaigned against the Greens political party ahead of an election this month in coal-rich Queensland state.
Global miner South32 Ltd S32.AX also said it had formally raised concerns with the group, the Queensland Resources Council, about campaigning aimed at a particular political party.
A third global miner, Anglo American Plc AAL.L, is reviewing its membership, a source familiar with the matter said, seeking anonymity in the absence of authorisation to speak on the matter.
In a statement, BHP said it had expressed its opposition several times and formally requested withdrawal of the approach that targeted a political party before suspending its membership.
This week, the Queensland Resources Council, which groups 167 companies, stepped up its advocacy against the environment-focused Greens.
"The Queensland Resources Council is urging voters at this month’s state election to back a strong economic recovery post-COVID by putting job security first and the Greens last on their ballot paper," it said on Monday.
Responding to BHP's move, QRC president Brent Gunther said its board had thought carefully about campaigning against the Greens, as it believed the party would cut jobs for the resources sector.
"The resources industry will continue to support the economy and jobs of Queenslanders, despite the Greens wanting to shut the industry down," Gunther, a managing director at Intergen, which runs two coal-fired power plants in Queensland, said in a statement.
However, state Greens member Michael Berkman said the party supported more jobs in the mining industry, particularly for new energy minerals, in its push for a planned transition away from thermal coal and gas by 2030.
"The best job for a coal miner is another mining job," he told Reuters.
Incumbent Labor leader Annastacia Palaszczuk is ahead in the polls, with a Yougov poll showing 52% support for her government ahead of the Oct. 31 election in Queensland, against 48% for the conservative Liberal party.
(Reporting by Melanie Burton; Editing by Edwina Gibbs and Clarence Fernandez)
((melanie.burton@thomsonreuters.com Twitter: @MelanieMetals; +613 9286 1421; Reuters Messaging: melanie.burton.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
A third global miner, Anglo American Plc AAL.L, is reviewing its membership, a source familiar with the matter said, seeking anonymity in the absence of authorisation to speak on the matter. "The Queensland Resources Council is urging voters at this month’s state election to back a strong economic recovery post-COVID by putting job security first and the Greens last on their ballot paper," it said on Monday. Responding to BHP's move, QRC president Brent Gunther said its board had thought carefully about campaigning against the Greens, as it believed the party would cut jobs for the resources sector.
|
A third global miner, Anglo American Plc AAL.L, is reviewing its membership, a source familiar with the matter said, seeking anonymity in the absence of authorisation to speak on the matter. Adds comments of QRC, Greens; paragraphs 7-11 MELBOURNE, Oct 7 (Reuters) - BHP Group Ltd BHP.AX, BHPB.L has suspended its membership of an Australian state mining lobby group that has campaigned against the Greens political party ahead of an election this month in coal-rich Queensland state. Global miner South32 Ltd S32.AX also said it had formally raised concerns with the group, the Queensland Resources Council, about campaigning aimed at a particular political party.
|
A third global miner, Anglo American Plc AAL.L, is reviewing its membership, a source familiar with the matter said, seeking anonymity in the absence of authorisation to speak on the matter. Adds comments of QRC, Greens; paragraphs 7-11 MELBOURNE, Oct 7 (Reuters) - BHP Group Ltd BHP.AX, BHPB.L has suspended its membership of an Australian state mining lobby group that has campaigned against the Greens political party ahead of an election this month in coal-rich Queensland state. "The resources industry will continue to support the economy and jobs of Queenslanders, despite the Greens wanting to shut the industry down," Gunther, a managing director at Intergen, which runs two coal-fired power plants in Queensland, said in a statement.
|
A third global miner, Anglo American Plc AAL.L, is reviewing its membership, a source familiar with the matter said, seeking anonymity in the absence of authorisation to speak on the matter. Adds comments of QRC, Greens; paragraphs 7-11 MELBOURNE, Oct 7 (Reuters) - BHP Group Ltd BHP.AX, BHPB.L has suspended its membership of an Australian state mining lobby group that has campaigned against the Greens political party ahead of an election this month in coal-rich Queensland state. Global miner South32 Ltd S32.AX also said it had formally raised concerns with the group, the Queensland Resources Council, about campaigning aimed at a particular political party.
|
5190.0
|
2020-10-07 00:00:00 UTC
|
BUZZ-U.S. STOCKS ON THE MOVE-Rave Restaurant, Vedanta, Hill International, Workday, Bristol-Myers
|
AAL
|
https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-rave-restaurant-vedanta-hill-international-workday-bristol
|
nan
|
nan
|
Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stock indexes were set to open higher on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levi Strauss surged following a surprise quarterly profit. .N
At 8:25 a.m. ET, Dow e-minis 1YMc1 were up 0.76% at 27,910. S&P 500 e-minis ESc1 were up 0.79% at 3,379.75, while Nasdaq 100 e-minis NQc1 were up 0.84% at 11,369. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Hill International Inc HIL.N, up 19.1% ** Renesola Ltd SOL.N, up 15.9% ** YPF SA YPF.N, up 14.8% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 14.4% ** Natuzzi S.p.A NTZ.N, down 11.1% ** Vedanta Ltd VEDL.N, down 7.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Rave Restaurant Group Inc RAVE.O, up 306.6% ** Sunworks Inc SUNW.O, up 72.9% The top three Nasdaq percentage losers premarket .PRPL.O: ** Electro-Sensors Inc ELSE.O, down 23.9% ** CleanSpark Inc CLSK.O, down 21% ** Asia Pacific Wire & Cable Corp Ltd APWC.O, down 20.9% ** Levi Strauss & Co LEVI.N: up 12.7% premarket BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.2% premarket ** United Airlines Holdings Inc UAL.O: up 4.4% premarket ** Delta Air Lines Inc DAL.N: up 3.5% premarket ** JetBlue Airways Corp JBLU.O: up 6.3% premarket BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 21.0% premarket BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 3.2% premarket BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.3% premarket BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 4.3% premarket BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 1.7% premarket BUZZ-Berenberg starts coverage with 'hold' ** Workday Inc WDAY.O: up 3.6% premarket BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 1.7% premarket BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 8.3% premarket BUZZ-Slides on report of discounted equity offering ** Stable Road Acquisition Corp SRAC.O: up 0.5% premarket BUZZ-Rises on merger with Momentus ** Bristol-Myers Squibb Co BMY.N: up 1.3% premarket BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 2.5% premarket BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 0.7% premarket BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 7.2% premarket BUZZ-Jumps on securing $8 mln funding in China ** Aytu BioScience Inc AYTU.O: down 9.8% premarket BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 18.6% premarket BUZZ-Rises as Japan's hospital to use co's surgical system
(Compiled by C Nivedita in Bengaluru)
((c.nivedita@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.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Hill International Inc HIL.N, up 19.1% ** Renesola Ltd SOL.N, up 15.9% ** YPF SA YPF.N, up 14.8% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 14.4% ** Natuzzi S.p.A NTZ.N, down 11.1% ** Vedanta Ltd VEDL.N, down 7.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Rave Restaurant Group Inc RAVE.O, up 306.6% ** Sunworks Inc SUNW.O, up 72.9% The top three Nasdaq percentage losers premarket .PRPL.O: ** Electro-Sensors Inc ELSE.O, down 23.9% ** CleanSpark Inc CLSK.O, down 21% ** Asia Pacific Wire & Cable Corp Ltd APWC.O, down 20.9% ** Levi Strauss & Co LEVI.N: up 12.7% premarket BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.2% premarket ** United Airlines Holdings Inc UAL.O: up 4.4% premarket ** Delta Air Lines Inc DAL.N: up 3.5% premarket ** JetBlue Airways Corp JBLU.O: up 6.3% premarket BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 21.0% premarket BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 3.2% premarket BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.3% premarket BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 4.3% premarket BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 1.7% premarket BUZZ-Berenberg starts coverage with 'hold' ** Workday Inc WDAY.O: up 3.6% premarket BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 1.7% premarket BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 8.3% premarket BUZZ-Slides on report of discounted equity offering ** Stable Road Acquisition Corp SRAC.O: up 0.5% premarket BUZZ-Rises on merger with Momentus ** Bristol-Myers Squibb Co BMY.N: up 1.3% premarket BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 2.5% premarket BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 0.7% premarket BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 7.2% premarket BUZZ-Jumps on securing $8 mln funding in China ** Aytu BioScience Inc AYTU.O: down 9.8% premarket BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 18.6% premarket BUZZ-Rises as Japan's hospital to use co's surgical system (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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 indexes were set to open higher on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levi Strauss surged following a surprise quarterly profit. ET, Dow e-minis 1YMc1 were up 0.76% at 27,910.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Hill International Inc HIL.N, up 19.1% ** Renesola Ltd SOL.N, up 15.9% ** YPF SA YPF.N, up 14.8% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 14.4% ** Natuzzi S.p.A NTZ.N, down 11.1% ** Vedanta Ltd VEDL.N, down 7.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Rave Restaurant Group Inc RAVE.O, up 306.6% ** Sunworks Inc SUNW.O, up 72.9% The top three Nasdaq percentage losers premarket .PRPL.O: ** Electro-Sensors Inc ELSE.O, down 23.9% ** CleanSpark Inc CLSK.O, down 21% ** Asia Pacific Wire & Cable Corp Ltd APWC.O, down 20.9% ** Levi Strauss & Co LEVI.N: up 12.7% premarket BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.2% premarket ** United Airlines Holdings Inc UAL.O: up 4.4% premarket ** Delta Air Lines Inc DAL.N: up 3.5% premarket ** JetBlue Airways Corp JBLU.O: up 6.3% premarket BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 21.0% premarket BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 3.2% premarket BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.3% premarket BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 4.3% premarket BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 1.7% premarket BUZZ-Berenberg starts coverage with 'hold' ** Workday Inc WDAY.O: up 3.6% premarket BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 1.7% premarket BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 8.3% premarket BUZZ-Slides on report of discounted equity offering ** Stable Road Acquisition Corp SRAC.O: up 0.5% premarket BUZZ-Rises on merger with Momentus ** Bristol-Myers Squibb Co BMY.N: up 1.3% premarket BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 2.5% premarket BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 0.7% premarket BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 7.2% premarket BUZZ-Jumps on securing $8 mln funding in China ** Aytu BioScience Inc AYTU.O: down 9.8% premarket BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 18.6% premarket BUZZ-Rises as Japan's hospital to use co's surgical system (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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 indexes were set to open higher on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levi Strauss surged following a surprise quarterly profit. S&P 500 e-minis ESc1 were up 0.79% at 3,379.75, while Nasdaq 100 e-minis NQc1 were up 0.84% at 11,369.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Hill International Inc HIL.N, up 19.1% ** Renesola Ltd SOL.N, up 15.9% ** YPF SA YPF.N, up 14.8% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 14.4% ** Natuzzi S.p.A NTZ.N, down 11.1% ** Vedanta Ltd VEDL.N, down 7.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Rave Restaurant Group Inc RAVE.O, up 306.6% ** Sunworks Inc SUNW.O, up 72.9% The top three Nasdaq percentage losers premarket .PRPL.O: ** Electro-Sensors Inc ELSE.O, down 23.9% ** CleanSpark Inc CLSK.O, down 21% ** Asia Pacific Wire & Cable Corp Ltd APWC.O, down 20.9% ** Levi Strauss & Co LEVI.N: up 12.7% premarket BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.2% premarket ** United Airlines Holdings Inc UAL.O: up 4.4% premarket ** Delta Air Lines Inc DAL.N: up 3.5% premarket ** JetBlue Airways Corp JBLU.O: up 6.3% premarket BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 21.0% premarket BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 3.2% premarket BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.3% premarket BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 4.3% premarket BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 1.7% premarket BUZZ-Berenberg starts coverage with 'hold' ** Workday Inc WDAY.O: up 3.6% premarket BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 1.7% premarket BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 8.3% premarket BUZZ-Slides on report of discounted equity offering ** Stable Road Acquisition Corp SRAC.O: up 0.5% premarket BUZZ-Rises on merger with Momentus ** Bristol-Myers Squibb Co BMY.N: up 1.3% premarket BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 2.5% premarket BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 0.7% premarket BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 7.2% premarket BUZZ-Jumps on securing $8 mln funding in China ** Aytu BioScience Inc AYTU.O: down 9.8% premarket BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 18.6% premarket BUZZ-Rises as Japan's hospital to use co's surgical system (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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 indexes were set to open higher on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levi Strauss surged following a surprise quarterly profit. S&P 500 e-minis ESc1 were up 0.79% at 3,379.75, while Nasdaq 100 e-minis NQc1 were up 0.84% at 11,369.
|
The top three NYSE percentage gainers premarket .PRPG.NQ: ** Hill International Inc HIL.N, up 19.1% ** Renesola Ltd SOL.N, up 15.9% ** YPF SA YPF.N, up 14.8% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 14.4% ** Natuzzi S.p.A NTZ.N, down 11.1% ** Vedanta Ltd VEDL.N, down 7.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Rave Restaurant Group Inc RAVE.O, up 306.6% ** Sunworks Inc SUNW.O, up 72.9% The top three Nasdaq percentage losers premarket .PRPL.O: ** Electro-Sensors Inc ELSE.O, down 23.9% ** CleanSpark Inc CLSK.O, down 21% ** Asia Pacific Wire & Cable Corp Ltd APWC.O, down 20.9% ** Levi Strauss & Co LEVI.N: up 12.7% premarket BUZZ-Levi Strauss: Gains on upbeat results, retail push ** American Airlines Group Inc AAL.O: up 4.2% premarket ** United Airlines Holdings Inc UAL.O: up 4.4% premarket ** Delta Air Lines Inc DAL.N: up 3.5% premarket ** JetBlue Airways Corp JBLU.O: up 6.3% premarket BUZZ-U.S. airlines rebound as Trump pushes for $25 bln bailout plan ** CleanSpark Inc CLSK.O: down 21.0% premarket BUZZ-Drops after discounted stock offering ** Sirius XM Holdings Inc SIRI.O: up 3.2% premarket BUZZ-Gains after raising qtrly dividend ** Pluristem Therapeutics Inc PSTI.O: up 6.3% premarket BUZZ-Shares up on nod for COVID-19 therapy trial in Israel ** Coty Inc COTY.N: up 4.3% premarket BUZZ-Jefferies sees turnaround under new CEO, upgrades to 'buy' ** Datadog Inc DDOG.O: up 1.7% premarket BUZZ-Berenberg starts coverage with 'hold' ** Workday Inc WDAY.O: up 3.6% premarket BUZZ-Rises as brokerage upgrades rating to "buy", hikes PT ** Netflix Inc NFLX.O: up 1.7% premarket BUZZ-Pivotal raises PT to Street high on streaming domination ** DraftKings Inc DKNG.O: down 8.3% premarket BUZZ-Slides on report of discounted equity offering ** Stable Road Acquisition Corp SRAC.O: up 0.5% premarket BUZZ-Rises on merger with Momentus ** Bristol-Myers Squibb Co BMY.N: up 1.3% premarket BUZZ-Rises after Opdivo combo meets main goal in late-stage study ** Sorrento Therapeutics Inc SRNE.O: up 2.5% premarket BUZZ-Rises as unit posts strong Q3 sales ** Abbott Laboratories ABT.N: up 0.7% premarket BUZZ-Wells Fargo hikes PT, Q3 estimates on demand recovery ** AnPac Bio-Medical Science Co Ltd ANPC.O: up 7.2% premarket BUZZ-Jumps on securing $8 mln funding in China ** Aytu BioScience Inc AYTU.O: down 9.8% premarket BUZZ-Drops after fourth-quarter loss ** TransEnterix Inc TRXC.A: up 18.6% premarket BUZZ-Rises as Japan's hospital to use co's surgical system (Compiled by C Nivedita in Bengaluru) ((c.nivedita@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 indexes were set to open higher on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levi Strauss surged following a surprise quarterly profit. ET, Dow e-minis 1YMc1 were up 0.76% at 27,910.
|
5191.0
|
2020-10-07 00:00:00 UTC
|
White House says 'not optimistic' about comprehensive COVID-19 aid
|
AAL
|
https://www.nasdaq.com/articles/white-house-says-not-optimistic-about-comprehensive-covid-19-aid-2020-10-07
|
nan
|
nan
|
WASHINGTON, Oct 7 (Reuters) - White House chief of staff Mark Meadows on Wednesday said he was not optimistic that a comprehensive deal could be reached on further COVID-19 financial, aid but that the Trump administration did back a more piecemeal approach.
"We're still willing to be engaged, but I'm not optimistic for a comprehensive deal. I am optimistic that there's about 10 things that we can do on a piecemeal basis if the speaker is willing to put it before her members," Meadows told Fox News in an interview, referring to U.S. House Speaker Nancy Pelosi.
(Reporting by Lisa Lambert and Susan Heavey; Editing by Alex Richardson)
((sheavey@thomsonreuters.com; +1 202 843 6600;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
WASHINGTON, Oct 7 (Reuters) - White House chief of staff Mark Meadows on Wednesday said he was not optimistic that a comprehensive deal could be reached on further COVID-19 financial, aid but that the Trump administration did back a more piecemeal approach. I am optimistic that there's about 10 things that we can do on a piecemeal basis if the speaker is willing to put it before her members," Meadows told Fox News in an interview, referring to U.S. House Speaker Nancy Pelosi. (Reporting by Lisa Lambert and Susan Heavey; Editing by Alex Richardson) ((sheavey@thomsonreuters.com; +1 202 843 6600;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
WASHINGTON, Oct 7 (Reuters) - White House chief of staff Mark Meadows on Wednesday said he was not optimistic that a comprehensive deal could be reached on further COVID-19 financial, aid but that the Trump administration did back a more piecemeal approach. "We're still willing to be engaged, but I'm not optimistic for a comprehensive deal. I am optimistic that there's about 10 things that we can do on a piecemeal basis if the speaker is willing to put it before her members," Meadows told Fox News in an interview, referring to U.S. House Speaker Nancy Pelosi.
|
WASHINGTON, Oct 7 (Reuters) - White House chief of staff Mark Meadows on Wednesday said he was not optimistic that a comprehensive deal could be reached on further COVID-19 financial, aid but that the Trump administration did back a more piecemeal approach. I am optimistic that there's about 10 things that we can do on a piecemeal basis if the speaker is willing to put it before her members," Meadows told Fox News in an interview, referring to U.S. House Speaker Nancy Pelosi. (Reporting by Lisa Lambert and Susan Heavey; Editing by Alex Richardson) ((sheavey@thomsonreuters.com; +1 202 843 6600;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
WASHINGTON, Oct 7 (Reuters) - White House chief of staff Mark Meadows on Wednesday said he was not optimistic that a comprehensive deal could be reached on further COVID-19 financial, aid but that the Trump administration did back a more piecemeal approach. "We're still willing to be engaged, but I'm not optimistic for a comprehensive deal. I am optimistic that there's about 10 things that we can do on a piecemeal basis if the speaker is willing to put it before her members," Meadows told Fox News in an interview, referring to U.S. House Speaker Nancy Pelosi.
|
5192.0
|
2020-10-06 00:00:00 UTC
|
Pre-Market Most Active for Oct 6, 2020 : IPOC, AXGT, AAPL, FCEL, NOK, SQQQ, QQQ, AAL, NIO, LTHM, CCL, BAC
|
AAL
|
https://www.nasdaq.com/articles/pre-market-most-active-for-oct-6-2020-%3A-ipoc-axgt-aapl-fcel-nok-sqqq-qqq-aal-nio-lthm-ccl
|
nan
|
nan
|
The NASDAQ 100 Pre-Market Indicator is down -40.69 to 11,468.37. The total Pre-Market volume is currently 14,825,954 shares traded.
The following are the most active stocks for the pre-market session:
Social Capital Hedosophia Holdings Corp. III (IPOC) is -0.26 at $12.42, with 4,369,391 shares traded.
Axovant Gene Therapies Ltd. (AXGT) is -0.4497 at $5.18, with 2,319,331 shares traded. As reported by Zacks, the current mean recommendation for AXGT is in the "buy range".
Apple Inc. (AAPL) is -0.59 at $115.91, with 1,058,111 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
FuelCell Energy, Inc. (FCEL) is +0.115 at $2.01, with 987,284 shares traded. FCEL's current last sale is 89.11% of the target price of $2.25.
Nokia Corporation (NOK) is +0.0501 at $3.98, with 585,804 shares traded. NOK's current last sale is 77.28% of the target price of $5.15.
ProShares UltraPro Short QQQ (SQQQ) is +0.2101 at $23.27, with 535,137 shares traded. This represents a 19.03% increase from its 52 Week Low.
Invesco QQQ Trust, Series 1 (QQQ) is -0.89 at $279.27, with 526,656 shares traded. This represents a 69.33% increase from its 52 Week Low.
American Airlines Group, Inc. (AAL) is +0.04 at $13.16, with 418,882 shares traded. AAL's current last sale is 131.6% of the target price of $10.
NIO Inc. (NIO) is +0.16 at $21.75, with 386,189 shares traded. NIO's current last sale is 155.36% of the target price of $14.
Livent Corporation (LTHM) is +1.11 at $12.40, with 380,285 shares traded. LTHM's current last sale is 150.3% of the target price of $8.25.
Carnival Corporation (CCL) is +0.23 at $15.19, with 284,252 shares traded.CCL is scheduled to provide an earnings report on 10/8/2020, for the fiscal quarter ending Aug2020. The consensus earnings per share forecast is -2.22 per share, which represents a 263 percent increase over the EPS one Year Ago
Bank of America Corporation (BAC) is +0.2399 at $24.86, with 257,870 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 $0.44. BAC's current last sale is 92.07% of the target price of $27.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines Group, Inc. (AAL) is +0.04 at $13.16, with 418,882 shares traded. AAL's current last sale is 131.6% of the target price of $10. Social Capital Hedosophia Holdings Corp. III (IPOC) is -0.26 at $12.42, with 4,369,391 shares traded.
|
American Airlines Group, Inc. (AAL) is +0.04 at $13.16, with 418,882 shares traded. AAL's current last sale is 131.6% of the target price of $10. As reported by Zacks, the current mean recommendation for AXGT is in the "buy range".
|
American Airlines Group, Inc. (AAL) is +0.04 at $13.16, with 418,882 shares traded. AAL's current last sale is 131.6% of the target price of $10. The total Pre-Market volume is currently 14,825,954 shares traded.
|
American Airlines Group, Inc. (AAL) is +0.04 at $13.16, with 418,882 shares traded. AAL's current last sale is 131.6% of the target price of $10. The NASDAQ 100 Pre-Market Indicator is down -40.69 to 11,468.37.
|
5193.0
|
2020-10-06 00:00:00 UTC
|
Trump's Tweet Tanks S&P 500: Stocks Fall Sharply as President Puts Stimulus Talks on Hold
|
AAL
|
https://www.nasdaq.com/articles/trumps-tweet-tanks-sp-500%3A-stocks-fall-sharply-as-president-puts-stimulus-talks-on-hold
|
nan
|
nan
|
If the pen is mightier than the sword, the tweet is mightiest of all. The S&P 500 index (SNPINDEX: ^GSPC) finished trading on Oct. 6 down 48 points, or 1.4%, after President Donald Trump announced in a Tweet that he was halting negotiations on additional economic stimulus until after the election. Prior to the announcement, stocks were on track to have a solid day, with the index up more than 0.5% with just over one hour remaining in the trading session.Â
Only one sector finished the day higher, with the Utilities Select Sector SPDR ETF gaining 0.8%, and 6 of the 10 best performers today coming from the sector. Electric utilities Edison International (NYSE: EIX) and Alliant Energy (NASDAQ: LNT), both up just over 2%, were two of the top utility stocks. Cruise line stocks were on track to lead the way today, with Carnival (NYSE: CCL) shares spending most of the day up more than 5%, but closed up 1.4% as the thesis of economic stimulus helping prop up struggling industries came a bit unraveled.Â
On the downside, Boeing (NYSE: BA) shares lost 6.8% after the company cut its 10-year forecast for commercial aircraft sales, pulling American Airlines (NASDAQ: AAL) and General Electric (NYSE: GE) shares 4.5% and 3.7% lower too. A bevy of oil stocks, including Diamondback Energy (NASDAQ: FANG) and Marathon Oil (NYSE: MRO) fell late in trading as the President's tweet cast doubt on the oil industry's ability to ride out a downturn that may persist without economic stimulus in the near term, wiping out earlier gains in crude oil prices that put U.S. oil futures briefly back above $40 per barrel.Â
Image source: Getty Images.
Tech stocks tumble
Tech stocks closed down sharply today, starting at the top of the index. Giants Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) fell 2.9% and 3.1%, with Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), and Facebook all losing more than 2% in a day that saw only a handful of tech stocks gain in value. All five remain down more than 10% from their recent highs, early in September:
AAPL data by YCharts
Investors turning to safety?
Utility stocks have lost about 4% of their value this year; not a typical result during a recession since utilities are often safer, less-volatile investments during periods of economic uncertainty. But with the massive interruptions in industrial and commercial activity under the coronavirus pandemic, investors have not been so patient with these companies, many of which have seen their results weaken as power and other utility demand has softened. Today's move higher was a mini-reversal, and it's likely that some investors may have moved money out of more volatile stocks and into the more steady, predictable prospects utilities can offer.Â
The utility sector pays a dividend yield above 3%, making it a solid source of predictable income for investors who are searching for yield, but wary of volatility in other sectors.Â
Boeing: Outlook for the next decade a little less rosy
The aerospace giant releases an updated 10- and 20-year outlook every year, and the latest version came with significantly lower expectations for the decade ahead. In short, Boeing cut its 10-year outlook for commercial aircraft deliveries by 11%. The company expects that it will take the airline industry several years post-COVID to fully recover, and that fact will delay a significant number of orders for the company's "narrow-body" aircraft, mainly the 737 MAX.Â
However, with that weak decade to come, the company expects the next 20 years will be about as good as it had expected a year ago. Over the next two decades, Boeing expects to deliver just over 43,000 aircraft, down modestly from last year's forecast for just over 44,000.Â
Airlines are spending billions in cash to stay afloat today, and that's going to prevent many from adding or replacing aircraft at the same rate as pre-COVID when air travel finally does recover. But the long-term demographic trends of population growth and a growing global middle class will eventually result in a return to growth for Boeing's commercial aviation business. But it's going to take years to get to that point.Â
What happens next?
It's hard to predict what happens next with stocks, at least in the coming days or weeks, beyond expecting more volatility on the uncertainty of the economic environment. For investors with cash in stocks they may need to pay bills in the short term, it's probably a good idea to reduce your exposure to the potential downside, even if it means earning low yield on government bonds or savings.Â
But for those long-term assets you won't need to touch for years to come, it might be time to avoid looking into your brokerage accounts and sit on your hands. It's also a good time to be thinking about making sure you have some small cash ready to act for the next stock market downturn. It may happen this year, or it may not happen for years to come. But having some cash to invest in a downturn can keep you from trying to time the market top, and end up sitting on too much cash while the market just keeps moving higher.Â
10 stocks we like better than Apple
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 Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
Â
*Stock Advisor returns as of September 24, 2020
Â
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jason Hall owns shares of Alphabet (A shares). The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Facebook, and Microsoft. The Motley Fool recommends Carnival and recommends the following options: long January 2021 $85 calls on Microsoft, short January 2021 $115 calls on Microsoft, short January 2022 $1940 calls on Amazon, and long January 2022 $1920 calls on Amazon. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Cruise line stocks were on track to lead the way today, with Carnival (NYSE: CCL) shares spending most of the day up more than 5%, but closed up 1.4% as the thesis of economic stimulus helping prop up struggling industries came a bit unraveled. On the downside, Boeing (NYSE: BA) shares lost 6.8% after the company cut its 10-year forecast for commercial aircraft sales, pulling American Airlines (NASDAQ: AAL) and General Electric (NYSE: GE) shares 4.5% and 3.7% lower too. The S&P 500 index (SNPINDEX: ^GSPC) finished trading on Oct. 6 down 48 points, or 1.4%, after President Donald Trump announced in a Tweet that he was halting negotiations on additional economic stimulus until after the election. Today's move higher was a mini-reversal, and it's likely that some investors may have moved money out of more volatile stocks and into the more steady, predictable prospects utilities can offer. The utility sector pays a dividend yield above 3%, making it a solid source of predictable income for investors who are searching for yield, but wary of volatility in other sectors. Boeing: Outlook for the next decade a little less rosy The aerospace giant releases an updated 10- and 20-year outlook every year, and the latest version came with significantly lower expectations for the decade ahead.
|
Cruise line stocks were on track to lead the way today, with Carnival (NYSE: CCL) shares spending most of the day up more than 5%, but closed up 1.4% as the thesis of economic stimulus helping prop up struggling industries came a bit unraveled. On the downside, Boeing (NYSE: BA) shares lost 6.8% after the company cut its 10-year forecast for commercial aircraft sales, pulling American Airlines (NASDAQ: AAL) and General Electric (NYSE: GE) shares 4.5% and 3.7% lower too. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Facebook, and Microsoft. The Motley Fool recommends Carnival and recommends the following options: long January 2021 $85 calls on Microsoft, short January 2021 $115 calls on Microsoft, short January 2022 $1940 calls on Amazon, and long January 2022 $1920 calls on Amazon.
|
Cruise line stocks were on track to lead the way today, with Carnival (NYSE: CCL) shares spending most of the day up more than 5%, but closed up 1.4% as the thesis of economic stimulus helping prop up struggling industries came a bit unraveled. On the downside, Boeing (NYSE: BA) shares lost 6.8% after the company cut its 10-year forecast for commercial aircraft sales, pulling American Airlines (NASDAQ: AAL) and General Electric (NYSE: GE) shares 4.5% and 3.7% lower too. Today's move higher was a mini-reversal, and it's likely that some investors may have moved money out of more volatile stocks and into the more steady, predictable prospects utilities can offer. The utility sector pays a dividend yield above 3%, making it a solid source of predictable income for investors who are searching for yield, but wary of volatility in other sectors. Boeing: Outlook for the next decade a little less rosy The aerospace giant releases an updated 10- and 20-year outlook every year, and the latest version came with significantly lower expectations for the decade ahead. But having some cash to invest in a downturn can keep you from trying to time the market top, and end up sitting on too much cash while the market just keeps moving higher. 10 stocks we like better than Apple When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
|
Cruise line stocks were on track to lead the way today, with Carnival (NYSE: CCL) shares spending most of the day up more than 5%, but closed up 1.4% as the thesis of economic stimulus helping prop up struggling industries came a bit unraveled. On the downside, Boeing (NYSE: BA) shares lost 6.8% after the company cut its 10-year forecast for commercial aircraft sales, pulling American Airlines (NASDAQ: AAL) and General Electric (NYSE: GE) shares 4.5% and 3.7% lower too. The company expects that it will take the airline industry several years post-COVID to fully recover, and that fact will delay a significant number of orders for the company's "narrow-body" aircraft, mainly the 737 MAX. However, with that weak decade to come, the company expects the next 20 years will be about as good as it had expected a year ago. But having some cash to invest in a downturn can keep you from trying to time the market top, and end up sitting on too much cash while the market just keeps moving higher. 10 stocks we like better than Apple When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
|
5194.0
|
2020-10-06 00:00:00 UTC
|
BHP suspends membership of Australia state mining lobby for campaigning against Greens party
|
AAL
|
https://www.nasdaq.com/articles/bhp-suspends-membership-of-australia-state-mining-lobby-for-campaigning-against-greens
|
nan
|
nan
|
MELBOURNE, Oct 7 (Reuters) - BHP Group Ltd BHP.AX, BHPB.L has suspended its membership of an Australian state mining lobby group which has campaigned against the Greens political party ahead of an election in the coal-rich state of Queensland this month.
South32 Ltd S32.AX also said it has formally raised concerns with the lobby group, the Queensland Resources Council, about the campaigning that targets a particular political party. Anglo American Plc AAL.L is reviewing its membership, a source familiar with the matter said.
The Queensland Resources Council, led by Ian Macfarlane, a former resources minister for the Liberal party in the national government, has this week stepped up campaigning against the environment-focused Greens.
"The Queensland Resources Council is urging voters at this month’s state election to back a strong economic recovery post-COVID by putting job security first and the Greens last on their ballot paper," it said in an Oct. 5 statement.
BHP said in a statement that before it suspended its membership it had expressed its opposition several times and made a formal request that the advertising approach be withdrawn. The QRC had no immediate comment.
Queensland's state election will be held on Oct. 31. Incumbent Labor leader Annastacia Palaszczuk is currently ahead in the polls, according to a Yougov poll which put her government's support at 52% compared to 48% for the conservative Liberal party.
(Reporting by Melanie Burton; Editing by Edwina Gibbs)
((melanie.burton@thomsonreuters.com Twitter: @MelanieMetals; +613 9286 1421; Reuters Messaging: melanie.burton.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Anglo American Plc AAL.L is reviewing its membership, a source familiar with the matter said. South32 Ltd S32.AX also said it has formally raised concerns with the lobby group, the Queensland Resources Council, about the campaigning that targets a particular political party. "The Queensland Resources Council is urging voters at this month’s state election to back a strong economic recovery post-COVID by putting job security first and the Greens last on their ballot paper," it said in an Oct. 5 statement.
|
Anglo American Plc AAL.L is reviewing its membership, a source familiar with the matter said. MELBOURNE, Oct 7 (Reuters) - BHP Group Ltd BHP.AX, BHPB.L has suspended its membership of an Australian state mining lobby group which has campaigned against the Greens political party ahead of an election in the coal-rich state of Queensland this month. South32 Ltd S32.AX also said it has formally raised concerns with the lobby group, the Queensland Resources Council, about the campaigning that targets a particular political party.
|
Anglo American Plc AAL.L is reviewing its membership, a source familiar with the matter said. MELBOURNE, Oct 7 (Reuters) - BHP Group Ltd BHP.AX, BHPB.L has suspended its membership of an Australian state mining lobby group which has campaigned against the Greens political party ahead of an election in the coal-rich state of Queensland this month. The Queensland Resources Council, led by Ian Macfarlane, a former resources minister for the Liberal party in the national government, has this week stepped up campaigning against the environment-focused Greens.
|
Anglo American Plc AAL.L is reviewing its membership, a source familiar with the matter said. MELBOURNE, Oct 7 (Reuters) - BHP Group Ltd BHP.AX, BHPB.L has suspended its membership of an Australian state mining lobby group which has campaigned against the Greens political party ahead of an election in the coal-rich state of Queensland this month. "The Queensland Resources Council is urging voters at this month’s state election to back a strong economic recovery post-COVID by putting job security first and the Greens last on their ballot paper," it said in an Oct. 5 statement.
|
5195.0
|
2020-10-06 00:00:00 UTC
|
Airline stocks fall sharply as union blasts Trump end to stimulus talks
|
AAL
|
https://www.nasdaq.com/articles/airline-stocks-fall-sharply-as-union-blasts-trump-end-to-stimulus-talks-2020-10-06
|
nan
|
nan
|
By David Shepardson and Tracy Rucinski
WASHINGTON/CHICAGO, Oct 6 (Reuters) - Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds.
A key component was a new $25 billion bailout for U.S. passenger airlines to keep tens of thousands of workers on the job for another six months. A prior $25 billion airline payroll support program expired on Sept. 30.
American Airlines AAL.O, whose shares had been trading higher, reversed course to close about 4.5% lower after Trump's tweet on ending talks, while shares of United Airlines UAL.O closed 3.6% lower. Southwest Airlines LUV.N stock fell 2.4% and Delta Air Lines DAL.N shares closed 2.9% lower.
American Airlines and United Airlines last week began laying off 32,000 workers, but had said they would reverse course if lawmakers reach a deal. [nL1N2GR0ID
Association of Flight Attendants-CWA International President Sara Nelson said "Trump issued one tweet to blow up the deal and leave millions of essential workers in freefall. Senate Republicans will own this cruel maneuver that puts our economy in a tailspin unless they demand COVID relief now."
U.S. airlines are collectively burning about $5 billion of cash a month as passenger traffic has stalled at around 30% of 2019 levels. After tapping capital markets, they say they have enough liquidity to last them at least 12 months at that rate.
Between voluntary and involuntary furloughs, major U.S. airlines' workforce will shrink by at least 25% in October.
Industry experts expect a slight improvement in domestic demand over the winter holidays from current levels, but it will remain far below last year's volumes. Meanwhile, higher-margin business and international travel remain severely depressed.
Chief executives acknowledge that pre-pandemic air travel demand is unlikely to return for years, and still unknown is how the pandemic, which has forced drastic changes in habits, will impact travel behavior.
American Airlines will end service to 11 smaller airports on Wednesday after Congress failed to approve additional aid.
Congress is expected to return to session on Oct. 19 and lawmakers may make a new attempt to pass a standalone measure to provide the $25 billion sought by airlines but the prospects are uncertain, even though the airline relief enjoys strong support in both the House and Senate. One remaining issue is how Congress would pay for the new funding, a senior congressional aide told Reuters Tuesday.
(Reporting by David Shepardson in Washington and Tracy Rucinski in Chicago Editing by Matthew Lewis)
((David.Shepardson@thomsonreuters.com +1 202 898-8324))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines AAL.O, whose shares had been trading higher, reversed course to close about 4.5% lower after Trump's tweet on ending talks, while shares of United Airlines UAL.O closed 3.6% lower. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Oct 6 (Reuters) - Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds. [nL1N2GR0ID Association of Flight Attendants-CWA International President Sara Nelson said "Trump issued one tweet to blow up the deal and leave millions of essential workers in freefall.
|
American Airlines AAL.O, whose shares had been trading higher, reversed course to close about 4.5% lower after Trump's tweet on ending talks, while shares of United Airlines UAL.O closed 3.6% lower. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Oct 6 (Reuters) - Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds. Southwest Airlines LUV.N stock fell 2.4% and Delta Air Lines DAL.N shares closed 2.9% lower.
|
American Airlines AAL.O, whose shares had been trading higher, reversed course to close about 4.5% lower after Trump's tweet on ending talks, while shares of United Airlines UAL.O closed 3.6% lower. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Oct 6 (Reuters) - Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds. Congress is expected to return to session on Oct. 19 and lawmakers may make a new attempt to pass a standalone measure to provide the $25 billion sought by airlines but the prospects are uncertain, even though the airline relief enjoys strong support in both the House and Senate.
|
American Airlines AAL.O, whose shares had been trading higher, reversed course to close about 4.5% lower after Trump's tweet on ending talks, while shares of United Airlines UAL.O closed 3.6% lower. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Oct 6 (Reuters) - Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds. American Airlines and United Airlines last week began laying off 32,000 workers, but had said they would reverse course if lawmakers reach a deal.
|
5196.0
|
2020-10-06 00:00:00 UTC
|
Airline stocks fall sharply on Trump move to end to stimulus talks
|
AAL
|
https://www.nasdaq.com/articles/airline-stocks-fall-sharply-on-trump-move-to-end-to-stimulus-talks-2020-10-06
|
nan
|
nan
|
By David Shepardson and Tracy Rucinski
WASHINGTON/CHICAGO, Oct 6 (Reuters) - Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds.
A key component was a new $25 billion bailout for U.S. passenger airlines to keep tens of thousands of workers on the job for another six months. A prior $25 billion airline payroll support program expired on Sept. 30.
American Airlines AAL.O, whose shares had been trading higher, reversed course to close about 4.5% lower after Trump's tweet on ending talks, while shares of United Airlines UAL.O closed 3.6% lower. Southwest Airlines LUV.N stock fell 2.4% and Delta Air Lines DAL.N shares closed 2.9% lower.
American Airlines and United Airlines last week began laying off 32,000 workers, but had said they would reverse course if lawmakers reach a deal.
Airlines for America, the trade group representing major U.S. airlines, noted "thousands of airline workers across the country have already lost their jobs – and more furloughs are expected in the coming weeks." But the group added "there is a glimmer of hope that our leaders in Washington will act and save these jobs before it’s too late."
The U.S. Travel Association said "with millions of Americans suffering, it is woefully shortsighted to end relief negotiations" and added that "without immediate aid, 50% of all travel-supported jobs will be lost by December — an additional loss of 1.3 million jobs."
Association of Flight Attendants-CWA International President Sara Nelson said "Trump issued one tweet to blow up the deal and leave millions of essential workers in freefall. Senate Republicans will own this cruel maneuver that puts our economy in a tailspin unless they demand COVID relief now."
American Airlines said it will "continue to make the case in Washington that action is needed."
U.S. airlines are collectively burning about $5 billion of cash a month as passenger traffic has stalled at around 30% of 2019 levels. After tapping capital markets, they say they have enough liquidity to last them at least 12 months at that rate.
Between voluntary and involuntary furloughs, major U.S. airlines' workforce will shrink by at least 25% in October.
Industry experts expect a slight improvement in domestic demand over the winter holidays from current levels, but it will remain far below last year's volumes. Meanwhile, higher-margin business and international travel remain severely depressed.
Chief executives acknowledge that pre-pandemic air travel demand is unlikely to return for years, and still unknown is how the pandemic, which has forced drastic changes in habits, will impact travel behavior.
American Airlines will end service to 11 smaller airports on Wednesday after Congress failed to approve additional aid.
Congress is expected to return to session on Oct. 19 and lawmakers may make a new attempt to pass a standalone measure to provide the $25 billion sought by airlines but the prospects are uncertain, even though the airline relief enjoys strong support in both the House and Senate. One remaining issue is how Congress would pay for the new funding, a senior congressional aide told Reuters Tuesday.
(Reporting by David Shepardson in Washington and Tracy Rucinski in Chicago Editing by Matthew Lewis)
((David.Shepardson@thomsonreuters.com +1 202 898-8324))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines AAL.O, whose shares had been trading higher, reversed course to close about 4.5% lower after Trump's tweet on ending talks, while shares of United Airlines UAL.O closed 3.6% lower. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Oct 6 (Reuters) - Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds. Association of Flight Attendants-CWA International President Sara Nelson said "Trump issued one tweet to blow up the deal and leave millions of essential workers in freefall.
|
American Airlines AAL.O, whose shares had been trading higher, reversed course to close about 4.5% lower after Trump's tweet on ending talks, while shares of United Airlines UAL.O closed 3.6% lower. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Oct 6 (Reuters) - Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds. Airlines for America, the trade group representing major U.S. airlines, noted "thousands of airline workers across the country have already lost their jobs – and more furloughs are expected in the coming weeks."
|
American Airlines AAL.O, whose shares had been trading higher, reversed course to close about 4.5% lower after Trump's tweet on ending talks, while shares of United Airlines UAL.O closed 3.6% lower. Airlines for America, the trade group representing major U.S. airlines, noted "thousands of airline workers across the country have already lost their jobs – and more furloughs are expected in the coming weeks." Congress is expected to return to session on Oct. 19 and lawmakers may make a new attempt to pass a standalone measure to provide the $25 billion sought by airlines but the prospects are uncertain, even though the airline relief enjoys strong support in both the House and Senate.
|
American Airlines AAL.O, whose shares had been trading higher, reversed course to close about 4.5% lower after Trump's tweet on ending talks, while shares of United Airlines UAL.O closed 3.6% lower. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Oct 6 (Reuters) - Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds. Airlines for America, the trade group representing major U.S. airlines, noted "thousands of airline workers across the country have already lost their jobs – and more furloughs are expected in the coming weeks."
|
5197.0
|
2020-10-05 00:00:00 UTC
|
FAA waives minimum flight requirements at some U.S. airports through March
|
AAL
|
https://www.nasdaq.com/articles/faa-waives-minimum-flight-requirements-at-some-u.s.-airports-through-march-2020-10-05
|
nan
|
nan
|
By David Shepardson
WASHINGTON, Oct 5 (Reuters) - The Federal Aviation Administration aid on Monday it would extend temporary waivers of minimum flight requirements at some major U.S. airports through late March 2021 because of the coronavirus pandemic.
Airlines can lose their slots at congested airports if they do not use them at least 80% of the time. The FAA said it would extend the waivers at New York's John F. Kennedy and LaGuardia airports and Ronald Reagan Washington National Airport that were set to expire in October.
At four other U.S. airports where the FAA has a formal schedule-review process - Chicago O’Hare, Newark, New Jersey, Los Angeles and San Francisco - the agency proposes to extend credits to airlines for flights that were canceled due to the coronavirus as though those flights were operated through Dec. 31.
Major airline groups cited "historically low levels of bookings, with overall bookings down 82% year-on-year for 2020 compared to the outlook for 2019; consumer demand that continues to fall ... and the need for schedule flexibility to support sustainable loads."
The FAA, which first proposed the extensions on Sept. 11, said on Monday it "seeks to ensure the efficient use of valuable aviation infrastructure and maximize the benefits to both airport users and the traveling public."
United Airlines UAL.O praised the FAA decision "to harmonize procedures and timelines for all airports, which will help provide more stability and certainty during this historic pandemic."
Spirit Airlines SAVE.N said it opposed the FAA’s proposal in its entirety as "unacceptably protective of dominant
incumbent carriers at the expense of the traveling public and of low-cost carriers ready and willing to serve."
(Reporting by David Shepardson; Editing by Leslie Adler and Peter Cooney)
((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.
|
By David Shepardson WASHINGTON, Oct 5 (Reuters) - The Federal Aviation Administration aid on Monday it would extend temporary waivers of minimum flight requirements at some major U.S. airports through late March 2021 because of the coronavirus pandemic. The FAA, which first proposed the extensions on Sept. 11, said on Monday it "seeks to ensure the efficient use of valuable aviation infrastructure and maximize the benefits to both airport users and the traveling public." United Airlines UAL.O praised the FAA decision "to harmonize procedures and timelines for all airports, which will help provide more stability and certainty during this historic pandemic."
|
By David Shepardson WASHINGTON, Oct 5 (Reuters) - The Federal Aviation Administration aid on Monday it would extend temporary waivers of minimum flight requirements at some major U.S. airports through late March 2021 because of the coronavirus pandemic. At four other U.S. airports where the FAA has a formal schedule-review process - Chicago O’Hare, Newark, New Jersey, Los Angeles and San Francisco - the agency proposes to extend credits to airlines for flights that were canceled due to the coronavirus as though those flights were operated through Dec. 31. Major airline groups cited "historically low levels of bookings, with overall bookings down 82% year-on-year for 2020 compared to the outlook for 2019; consumer demand that continues to fall ... and the need for schedule flexibility to support sustainable loads."
|
By David Shepardson WASHINGTON, Oct 5 (Reuters) - The Federal Aviation Administration aid on Monday it would extend temporary waivers of minimum flight requirements at some major U.S. airports through late March 2021 because of the coronavirus pandemic. The FAA said it would extend the waivers at New York's John F. Kennedy and LaGuardia airports and Ronald Reagan Washington National Airport that were set to expire in October. At four other U.S. airports where the FAA has a formal schedule-review process - Chicago O’Hare, Newark, New Jersey, Los Angeles and San Francisco - the agency proposes to extend credits to airlines for flights that were canceled due to the coronavirus as though those flights were operated through Dec. 31.
|
By David Shepardson WASHINGTON, Oct 5 (Reuters) - The Federal Aviation Administration aid on Monday it would extend temporary waivers of minimum flight requirements at some major U.S. airports through late March 2021 because of the coronavirus pandemic. Airlines can lose their slots at congested airports if they do not use them at least 80% of the time. Major airline groups cited "historically low levels of bookings, with overall bookings down 82% year-on-year for 2020 compared to the outlook for 2019; consumer demand that continues to fall ... and the need for schedule flexibility to support sustainable loads."
|
5198.0
|
2020-10-05 00:00:00 UTC
|
Southwest CEO says can avoid layoffs through 2021 with employee pay cuts
|
AAL
|
https://www.nasdaq.com/articles/southwest-ceo-says-can-avoid-layoffs-through-2021-with-employee-pay-cuts-2020-10-05
|
nan
|
nan
|
By Tracy Rucinski
Oct 5 (Reuters) - Southwest Airline LUV.Ncan avoid furloughs and layoffs at least through 2021 if union workers agree to pay cuts, Chief Executive Gary Kelly told employees on Monday.
Last week, Kelly had warned the airline could be forced to follow rivals and lay off thousands of employees due to the coronavirus crisis in the absence of an extension of federal payroll aid, which lawmakers continue to negotiate in Washington.
If the federal relief does come through, the airline would discontinue or reverse the pay-cut efforts, Kelly said.
But without another payroll support package, he said cost savings must be in place for all employee groups by Jan. 1, 2021.
Kelly is reducing his base salary to zero through the end of 2021 and continuing a 20% cut in senior executives' pay through next year. The airline is also reducing all leadership group salaries by 10% until Jan. 1, 2022, when he said they will return to the current level.
The company is also approaching union representatives for concessions and hoping for quick agreement, he said.
"We simply don’t have time for long, drawn-out, complex negotiations," Kelly said.
Rivals American Airlines AAL.O and United Airlines UAL.O have already begun furloughing 32,000 employees.
(Reporting by Tracy Rucinski in Chicago; additional reporting by Ankit Ajmera in Bengaluru; Editing by Anil D'Silva and Nick Zieminski)
((Tracy.Rucinski@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Rivals American Airlines AAL.O and United Airlines UAL.O have already begun furloughing 32,000 employees. By Tracy Rucinski Oct 5 (Reuters) - Southwest Airline LUV.Ncan avoid furloughs and layoffs at least through 2021 if union workers agree to pay cuts, Chief Executive Gary Kelly told employees on Monday. Last week, Kelly had warned the airline could be forced to follow rivals and lay off thousands of employees due to the coronavirus crisis in the absence of an extension of federal payroll aid, which lawmakers continue to negotiate in Washington.
|
Rivals American Airlines AAL.O and United Airlines UAL.O have already begun furloughing 32,000 employees. By Tracy Rucinski Oct 5 (Reuters) - Southwest Airline LUV.Ncan avoid furloughs and layoffs at least through 2021 if union workers agree to pay cuts, Chief Executive Gary Kelly told employees on Monday. Kelly is reducing his base salary to zero through the end of 2021 and continuing a 20% cut in senior executives' pay through next year.
|
Rivals American Airlines AAL.O and United Airlines UAL.O have already begun furloughing 32,000 employees. By Tracy Rucinski Oct 5 (Reuters) - Southwest Airline LUV.Ncan avoid furloughs and layoffs at least through 2021 if union workers agree to pay cuts, Chief Executive Gary Kelly told employees on Monday. Last week, Kelly had warned the airline could be forced to follow rivals and lay off thousands of employees due to the coronavirus crisis in the absence of an extension of federal payroll aid, which lawmakers continue to negotiate in Washington.
|
Rivals American Airlines AAL.O and United Airlines UAL.O have already begun furloughing 32,000 employees. By Tracy Rucinski Oct 5 (Reuters) - Southwest Airline LUV.Ncan avoid furloughs and layoffs at least through 2021 if union workers agree to pay cuts, Chief Executive Gary Kelly told employees on Monday. Kelly is reducing his base salary to zero through the end of 2021 and continuing a 20% cut in senior executives' pay through next year.
|
5199.0
|
2020-10-05 00:00:00 UTC
|
FAA waives minimum flight requirements at some U.S. airports through March 2021
|
AAL
|
https://www.nasdaq.com/articles/faa-waives-minimum-flight-requirements-at-some-u.s.-airports-through-march-2021-2020-10-05
|
nan
|
nan
|
Oct 5 (Reuters) - The Federal Aviation Administration said on Monday it would extend temporary waivers of minimum flight requirements at some major U.S. airports through late March 2021 due to the coronavirus pandemic.
Airlines can lose their slots at congested airports if they do not use them at least 80% of the time. The FAA said it would extend the waivers at New York's John F. Kennedy and LaGuardia airports and Ronald Reagan Washington National Airport that were set to expire in October.
(Reporting by David Shepardson; Editing by Leslie Adler)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Oct 5 (Reuters) - The Federal Aviation Administration said on Monday it would extend temporary waivers of minimum flight requirements at some major U.S. airports through late March 2021 due to the coronavirus pandemic. The FAA said it would extend the waivers at New York's John F. Kennedy and LaGuardia airports and Ronald Reagan Washington National Airport that were set to expire in October. (Reporting by David Shepardson; Editing by Leslie Adler) ((David.Shepardson@thomsonreuters.com; 2028988324;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Oct 5 (Reuters) - The Federal Aviation Administration said on Monday it would extend temporary waivers of minimum flight requirements at some major U.S. airports through late March 2021 due to the coronavirus pandemic. The FAA said it would extend the waivers at New York's John F. Kennedy and LaGuardia airports and Ronald Reagan Washington National Airport that were set to expire in October. (Reporting by David Shepardson; Editing by Leslie Adler) ((David.Shepardson@thomsonreuters.com; 2028988324;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Oct 5 (Reuters) - The Federal Aviation Administration said on Monday it would extend temporary waivers of minimum flight requirements at some major U.S. airports through late March 2021 due to the coronavirus pandemic. The FAA said it would extend the waivers at New York's John F. Kennedy and LaGuardia airports and Ronald Reagan Washington National Airport that were set to expire in October. (Reporting by David Shepardson; Editing by Leslie Adler) ((David.Shepardson@thomsonreuters.com; 2028988324;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Oct 5 (Reuters) - The Federal Aviation Administration said on Monday it would extend temporary waivers of minimum flight requirements at some major U.S. airports through late March 2021 due to the coronavirus pandemic. Airlines can lose their slots at congested airports if they do not use them at least 80% of the time. The FAA said it would extend the waivers at New York's John F. Kennedy and LaGuardia airports and Ronald Reagan Washington National Airport that were set to expire in October.
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.