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5400.0	2020-08-18 00:00:00 UTC	Kaz Minerals okays dividend, maintains output despite COVID-19 risks	AAL	https://www.nasdaq.com/articles/kaz-minerals-okays-dividend-maintains-output-despite-covid-19-risks-2020-08-18	nan	nan	LONDON, Aug 18 (Reuters) - Kaz Minerals KAZ.L stuck to its target for copper production this year and declared a dividend on Tuesday but warned that risks to output remained from coronavirus. The London-listed miner, which mines in Kazakstan, has largely managed to avoid massive disruptions this year despite coronavirus restrictions. Kaz still expects to mine between 280,000 and 300,000 tonnes of copper this year, after producing 153,800 tonnes in the six months to June, which was in line market expectations. "There is still risk to operations from COVID-19 in the second half of the year but following our strong performance in the first half we maintained production guidance for the full year," CEO Andrew Southam said. "We have shown that we can (mine) in a COVID environment and ... Kazakhstan has reversed that (infection) trend in August and measures are starting to be relaxed." The company reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of $559 million for the six months to June 30, down 10% from a year earlier, as sales of copper slid. Kaz declared a first-half dividend of 4 cents per share, the same as a year ago. Larger London peers such as BHP BHPB.L, Anglo American AAL.L and gold miner Centamin CEY.L also paid dividends while Glencore GLEN.L scrapped its payout. Kaz said it would continue to invest in expansion projects, including the construction of a second concentrator at the Aktogay mine which will double its sulphide ore processing capacity by 2021. Copper prices in the first half were down about 11% from a year earlier, Kaz said. A combination of rebounding Chinese demand and fears of supply disruptions have pushed prices to two-year highs at around $6,400 per tonne. CMCU3 Kaz Minerals shareshttps://tmsnrt.rs/3kVWF3K (Reporting by Zandi Shabalala; editing by Jason Neely) ((zandi.shabalala@tr.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Larger London peers such as BHP BHPB.L, Anglo American AAL.L and gold miner Centamin CEY.L also paid dividends while Glencore GLEN.L scrapped its payout. LONDON, Aug 18 (Reuters) - Kaz Minerals KAZ.L stuck to its target for copper production this year and declared a dividend on Tuesday but warned that risks to output remained from coronavirus. The company reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of $559 million for the six months to June 30, down 10% from a year earlier, as sales of copper slid.	Larger London peers such as BHP BHPB.L, Anglo American AAL.L and gold miner Centamin CEY.L also paid dividends while Glencore GLEN.L scrapped its payout. LONDON, Aug 18 (Reuters) - Kaz Minerals KAZ.L stuck to its target for copper production this year and declared a dividend on Tuesday but warned that risks to output remained from coronavirus. Kaz still expects to mine between 280,000 and 300,000 tonnes of copper this year, after producing 153,800 tonnes in the six months to June, which was in line market expectations.	Larger London peers such as BHP BHPB.L, Anglo American AAL.L and gold miner Centamin CEY.L also paid dividends while Glencore GLEN.L scrapped its payout. LONDON, Aug 18 (Reuters) - Kaz Minerals KAZ.L stuck to its target for copper production this year and declared a dividend on Tuesday but warned that risks to output remained from coronavirus. Kaz still expects to mine between 280,000 and 300,000 tonnes of copper this year, after producing 153,800 tonnes in the six months to June, which was in line market expectations.	Larger London peers such as BHP BHPB.L, Anglo American AAL.L and gold miner Centamin CEY.L also paid dividends while Glencore GLEN.L scrapped its payout. LONDON, Aug 18 (Reuters) - Kaz Minerals KAZ.L stuck to its target for copper production this year and declared a dividend on Tuesday but warned that risks to output remained from coronavirus. The London-listed miner, which mines in Kazakstan, has largely managed to avoid massive disruptions this year despite coronavirus restrictions.
5401.0	2020-08-17 00:00:00 UTC	Why Airline Shares Are Falling Today	AAL	https://www.nasdaq.com/articles/why-airline-shares-are-falling-today-2020-08-17	nan	nan	What happened Airline shares were under pressure on Monday as investors grappled with a fresh round of headlines concerning COVID-19 cases spiking. We're moving into the final stages of the summer vacation season with travel demand still anemic, and without much reason to believe it will get better any time soon. Shares of American Airlines Group (NASDAQ: AAL) led the airlines lower, down 5% as of 3:30 p.m. EDT, while shares of United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), Alaska Air Group (NYSE: ALK), JetBlue Airways (NASDAQ: JBLU), and Spirit Airlines (NYSE: SAVE) were also among the hardest hit in what was a down day for the entire sector. So what It's been a long, miserable summer for airlines. The pandemic has cut travel demand, leading to second-quarter year-over-year revenue declines of more than 80%. Monday actually brought a glimmer of good news in terms of demand, as more than 862,000 travelers passed through Transportation Security Administration airport checkpoints on Sunday. That's the highest single-day total since mid-March, and a substantial improvement over the 87,534 people screened back on April 14. Image source: Getty Images. But while a day with 862,000 travelers is an improvement, it is still a far cry from the 2.5 million travelers to pass through security on the same day in 2019. That's a pretty accurate summary of where things stand with the airlines today: Business conditions have improved compared to the mid-spring lows, but we are a long way from normal. On some recent Mondays, the TSA data has been enough to move airlines higher. But investors also had some worrisome reports out of Europe to deal with today, and were in no mood to buy into the sector. European airline stocks fell on Monday after Germany moved to impose a two-week quarantine on travelers coming in from Spain, joining the United Kingdom in taking the step. The moves are sparking fears of a virus resurgence in Europe, which just weeks ago looked to have COVID-19 somewhat under control. Combine Europe's difficulties in containing the virus with an Associated Press story on Monday indicating that U.S. consumers don't feel safe flying, and it seems unlikely we will see a full travel recovery until there is a widespread vaccine. Now what I've been saying for a while now I expect airline stocks to trade largely based on the broader market sentiment concerning COVID-19 and hopes for a vaccine, rather than on company-specific news. The airlines all have a decent amount of cash on hand to try to ride out the storm, but none of the stocks are likely to soar substantially higher until late 2021 at the earliest as we await a return to normalcy post-pandemic. For those with a long enough time horizon, I think it is safe to buy into airlines. But it is best to stick to specific companies that have the strongest balance sheets or the most potential upside. In the near term, there isn't much reason to expect airlines to bounce back, and we could have a lot of down days up ahead as we continue to confront the difficult realities of the pandemic. 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 August 1, 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, 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 American Airlines Group (NASDAQ: AAL) led the airlines lower, down 5% as of 3:30 p.m. EDT, while shares of United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), Alaska Air Group (NYSE: ALK), JetBlue Airways (NASDAQ: JBLU), and Spirit Airlines (NYSE: SAVE) were also among the hardest hit in what was a down day for the entire sector. European airline stocks fell on Monday after Germany moved to impose a two-week quarantine on travelers coming in from Spain, joining the United Kingdom in taking the step. Combine Europe's difficulties in containing the virus with an Associated Press story on Monday indicating that U.S. consumers don't feel safe flying, and it seems unlikely we will see a full travel recovery until there is a widespread vaccine.	Shares of American Airlines Group (NASDAQ: AAL) led the airlines lower, down 5% as of 3:30 p.m. EDT, while shares of United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), Alaska Air Group (NYSE: ALK), JetBlue Airways (NASDAQ: JBLU), and Spirit Airlines (NYSE: SAVE) were also among the hardest hit in what was a down day for the entire sector. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool recommends Alaska Air Group, Delta Air Lines, JetBlue Airways, and Southwest Airlines.	Shares of American Airlines Group (NASDAQ: AAL) led the airlines lower, down 5% as of 3:30 p.m. EDT, while shares of United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), Alaska Air Group (NYSE: ALK), JetBlue Airways (NASDAQ: JBLU), and Spirit Airlines (NYSE: SAVE) were also among the hardest hit in what was a down day for the entire sector. European airline stocks fell on Monday after Germany moved to impose a two-week quarantine on travelers coming in from Spain, joining the United Kingdom in taking the step. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.	Shares of American Airlines Group (NASDAQ: AAL) led the airlines lower, down 5% as of 3:30 p.m. EDT, while shares of United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), Alaska Air Group (NYSE: ALK), JetBlue Airways (NASDAQ: JBLU), and Spirit Airlines (NYSE: SAVE) were also among the hardest hit in what was a down day for the entire sector. For those with a long enough time horizon, I think it is safe to buy into airlines. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
5402.0	2020-08-17 00:00:00 UTC	Rio Tinto, BHP lift FTSE 100 on China stimulus	AAL	https://www.nasdaq.com/articles/rio-tinto-bhp-lift-ftse-100-on-china-stimulus-2020-08-17	nan	nan	By Sagarika Jaisinghani Aug 17 (Reuters) - London's FTSE 100 rose for the first time in three sessions on Monday as more stimulus in China powered mining stocks, while investors looked to a slate of macroeconomic data due later in the week to gauge the pace of a post-pandemic rebound. The commodity-heavy FTSE 100 .FTSE was up 0.3%, with miners Rio Tinto Plc RIO.L, BHP Group Plc BHPB.L and Anglo American Plc AAL.L adding between 1.6% and 2.4%. MET/L Asian shares crept closer to their pre-pandemic highs as fresh liquidity from China's central bank helped investors brush past a delay in a weekend meeting of U.S. and Chinese officials to review their Phase-1 trade pact. MKTS/GLOB The mid-cap FTSE 250 .FTMC, however, was down 0.1%, pressured by another drop for travel and leisure stocks .FTNMX5750, days after Britain expanded its quarantine list to include France and other countries. "There appears to be increasing nervousness that economies are reaching the limits of what they can do without increasing the risk of a surging second wave of cases as we head toward the autumn months," said Michael Hewson, market analyst at CMC Markets UK. The FTSE 100 has bounced 24% from a coronavirus-driven crash in March as data signalled a nascent rebound in key sectors such as housing, but a recent surge in COVID-19 infections has made investors cautious about betting on risky assets in the absence of a vaccine. After retail sales for July disappointed in both China and the United States last week, UK data on Friday is likely to show a sharp slowdown following a jump in June. Inflation, consumer confidence and flash readings of business activity surveys are also due this week. In earnings-driven news, meat processor Cranswick Plc CWK.L jumped 6.4% after a 25% surge in first-quarter revenue, while life-science firm Horizon Discovery Group Plc HZDH.L tumbled 4% on posting a first-half loss. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Subhranshu Sahu) ((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 commodity-heavy FTSE 100 .FTSE was up 0.3%, with miners Rio Tinto Plc RIO.L, BHP Group Plc BHPB.L and Anglo American Plc AAL.L adding between 1.6% and 2.4%. By Sagarika Jaisinghani Aug 17 (Reuters) - London's FTSE 100 rose for the first time in three sessions on Monday as more stimulus in China powered mining stocks, while investors looked to a slate of macroeconomic data due later in the week to gauge the pace of a post-pandemic rebound. MET/L Asian shares crept closer to their pre-pandemic highs as fresh liquidity from China's central bank helped investors brush past a delay in a weekend meeting of U.S. and Chinese officials to review their Phase-1 trade pact.	The commodity-heavy FTSE 100 .FTSE was up 0.3%, with miners Rio Tinto Plc RIO.L, BHP Group Plc BHPB.L and Anglo American Plc AAL.L adding between 1.6% and 2.4%. After retail sales for July disappointed in both China and the United States last week, UK data on Friday is likely to show a sharp slowdown following a jump in June. In earnings-driven news, meat processor Cranswick Plc CWK.L jumped 6.4% after a 25% surge in first-quarter revenue, while life-science firm Horizon Discovery Group Plc HZDH.L tumbled 4% on posting a first-half loss.	The commodity-heavy FTSE 100 .FTSE was up 0.3%, with miners Rio Tinto Plc RIO.L, BHP Group Plc BHPB.L and Anglo American Plc AAL.L adding between 1.6% and 2.4%. By Sagarika Jaisinghani Aug 17 (Reuters) - London's FTSE 100 rose for the first time in three sessions on Monday as more stimulus in China powered mining stocks, while investors looked to a slate of macroeconomic data due later in the week to gauge the pace of a post-pandemic rebound. The FTSE 100 has bounced 24% from a coronavirus-driven crash in March as data signalled a nascent rebound in key sectors such as housing, but a recent surge in COVID-19 infections has made investors cautious about betting on risky assets in the absence of a vaccine.	The commodity-heavy FTSE 100 .FTSE was up 0.3%, with miners Rio Tinto Plc RIO.L, BHP Group Plc BHPB.L and Anglo American Plc AAL.L adding between 1.6% and 2.4%. By Sagarika Jaisinghani Aug 17 (Reuters) - London's FTSE 100 rose for the first time in three sessions on Monday as more stimulus in China powered mining stocks, while investors looked to a slate of macroeconomic data due later in the week to gauge the pace of a post-pandemic rebound. MET/L Asian shares crept closer to their pre-pandemic highs as fresh liquidity from China's central bank helped investors brush past a delay in a weekend meeting of U.S. and Chinese officials to review their Phase-1 trade pact.
5403.0	2020-08-17 00:00:00 UTC	Stock Markets Stay Mixed as Airline Stocks Fall	AAL	https://www.nasdaq.com/articles/stock-markets-stay-mixed-as-airline-stocks-fall-2020-08-17	nan	nan	Monday continued a trend we've seen for some time. Even as the Nasdaq Composite moved higher into record territory and the S&P 500 (SNPINDEX: ^GSPC) flirted with all-time highs of its own, the Dow Jones Industrial Average (DJINDICES: ^DJI) lost ground. There's still a lot of uncertainty about the future direction of the market, and although certain sectors like technology can be winners regardless of the outcome of the coronavirus crisis and other pressing issues, blue chip stocks in many other industries aren't as fortunate. Today's stock market INDEX PERCENTAGE CHANGE POINT CHANGE Dow (0.31%) (86) S&P 500 0.27% 9 Nasdaq Composite 1.00% 110 Data source: Yahoo! Finance. Nowhere has the lack of knowledge about the long-term impacts of COVID-19 been more evident than in airline stocks. With the industry's entire business model at risk, it's not surprising to see shares of major airlines remain under pressure. That's might be how things stay unless a vaccine becomes available. Hitting turbulence again Airline stocks were lower across the board. American Airlines Group (NASDAQ: AAL) led the way lower with a more than 5% drop, while United Airlines Holdings (NASDAQ: UAL) was down almost 5%. Delta Air Lines (NYSE: DAL) and Southwest Airlines (NYSE: LUV) held up better, settling for 3% declines. Smaller carriers fared no better. Alaska Air Group (NYSE: ALK) was down almost 4%, while JetBlue Airways (NASDAQ: JBLU) and Hawaiian Holdings (NASDAQ: HA) were off 3%. Even bargain carrier Spirit Airlines (NYSE: SAVE) couldn't avoid a 4% drop. Image source: Getty Images. Surprisingly, one source of concern for airlines came not from the U.S. but rather from Europe. Even though the incidence of COVID-19 is much lower in European countries, several countries there took steps to limit travel between countries, imposing new quarantine requirements in an effort to prevent larger outbreaks of the disease. Will travel ever be the same? No matter how much a country has coronavirus under control, the threat of a resurgence is always lurking. Even in New Zealand, which went for a month without any new cases from within its borders, a new outbreak in the North Island city of Auckland has led to dramatic reversals of more lenient policies. Similarly, the tourist destination of Iceland has had to return to previous restrictions, including limits on large assemblies of people and mandatory mask wearing in areas where social distancing isn't possible. Nevertheless, airlines are doing whatever they can to try to sustain their operations. United, for instance, launched new routes between the northern part of the U.S. and several Florida cities, beginning in November. The move comes even though it's unclear whether demand will surface -- especially if Florida continues to be a hot spot for new COVID-19 cases. Investors can't be certain what the American public will do with their travel plans, regardless of which direction the pandemic goes in the months to come. Without any clarity on what the future will bring, airline shareholders are essentially making decisions with far less fundamental reasoning than they're used to having. 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 August 1, 2020 Dan Caplinger has no position in any of the stocks mentioned. 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.	American Airlines Group (NASDAQ: AAL) led the way lower with a more than 5% drop, while United Airlines Holdings (NASDAQ: UAL) was down almost 5%. Even as the Nasdaq Composite moved higher into record territory and the S&P 500 (SNPINDEX: ^GSPC) flirted with all-time highs of its own, the Dow Jones Industrial Average (DJINDICES: ^DJI) lost ground. There's still a lot of uncertainty about the future direction of the market, and although certain sectors like technology can be winners regardless of the outcome of the coronavirus crisis and other pressing issues, blue chip stocks in many other industries aren't as fortunate.	American Airlines Group (NASDAQ: AAL) led the way lower with a more than 5% drop, while United Airlines Holdings (NASDAQ: UAL) was down almost 5%. Delta Air Lines (NYSE: DAL) and Southwest Airlines (NYSE: LUV) held up better, settling for 3% declines. Alaska Air Group (NYSE: ALK) was down almost 4%, while JetBlue Airways (NASDAQ: JBLU) and Hawaiian Holdings (NASDAQ: HA) were off 3%.	American Airlines Group (NASDAQ: AAL) led the way lower with a more than 5% drop, while United Airlines Holdings (NASDAQ: UAL) was down almost 5%. 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!	American Airlines Group (NASDAQ: AAL) led the way lower with a more than 5% drop, while United Airlines Holdings (NASDAQ: UAL) was down almost 5%. 0.27% 9 Nasdaq Composite 1.00% 110 Data source: Yahoo! The Motley Fool recommends Alaska Air Group, Delta Air Lines, Hawaiian Holdings, JetBlue Airways, and Southwest Airlines.
5404.0	2020-08-14 00:00:00 UTC	Pre-Market Most Active for Aug 14, 2020 : BTI, SWN, RKT, SQQQ, MESO, IQ, UL, DKNG, TLC, AAL, NIO, BEKE	AAL	https://www.nasdaq.com/articles/pre-market-most-active-for-aug-14-2020-%3A-bti-swn-rkt-sqqq-meso-iq-ul-dkng-tlc-aal-nio-beke	nan	nan	The NASDAQ 100 Pre-Market Indicator is up 29.06 to 11,207.43. The total Pre-Market volume is currently 15,594,984 shares traded. The following are the most active stocks for the pre-market session: British American Tobacco p.l.c. (BTI) is -0.46 at $33.38, with 2,790,618 shares traded. BTI's current last sale is 78.73% of the target price of $42.4. Southwestern Energy Company (SWN) is +0.03 at $2.95, with 2,315,087 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 $0.04. SWN's current last sale is 90.77% of the target price of $3.25. Rocket Companies, Inc. (RKT) is +1.82 at $20.56, with 1,657,943 shares traded. RKT's current last sale is 114.22% of the target price of $18. ProShares UltraPro Short QQQ (SQQQ) is -0.05 at $5.40, with 1,378,918 shares traded. This represents a 1.69% increase from its 52 Week Low. Mesoblast Limited (MESO) is +6.38 at $18.19, with 1,346,297 shares traded. As reported by Zacks, the current mean recommendation for MESO is in the "buy range". iQIYI, Inc. (IQ) is -2.38 at $19.30, with 1,115,895 shares traded. IQ's current last sale is 85.4% of the target price of $22.6. Unilever PLC (UL) is -0.53 at $59.38, with 751,270 shares traded. UL's current last sale is 95.77% of the target price of $62. DraftKings Inc. (DKNG) is -2.15 at $33.90, with 649,600 shares traded. GlobeNewswire Reports: DraftKings Reports Strong Q2 Revenue Despite Limited Sports Calendar Taiwan Liposome Company, Ltd. (TLC) is +4.74 at $9.85, with 648,788 shares traded. As reported by Zacks, the current mean recommendation for TLC is in the "strong buy range". American Airlines Group, Inc. (AAL) is -0.12 at $13.18, with 514,538 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 $-1.62. AAL's current last sale is 109.83% of the target price of $12. NIO Inc. (NIO) is -0.12 at $13.24, with 496,980 shares traded. NIO's current last sale is 115.13% of the target price of $11.5. KE Holdings Inc (BEKE) is -3.54 at $33.90, with 339,019 shares traded. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	American Airlines Group, Inc. (AAL) is -0.12 at $13.18, with 514,538 shares traded. AAL's current last sale is 109.83% of the target price of $12. 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 -0.12 at $13.18, with 514,538 shares traded. AAL's current last sale is 109.83% of the target price of $12. 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 -0.12 at $13.18, with 514,538 shares traded. AAL's current last sale is 109.83% of the target price of $12. The total Pre-Market volume is currently 15,594,984 shares traded.	American Airlines Group, Inc. (AAL) is -0.12 at $13.18, with 514,538 shares traded. AAL's current last sale is 109.83% of the target price of $12. The NASDAQ 100 Pre-Market Indicator is up 29.06 to 11,207.43.
5405.0	2020-08-13 00:00:00 UTC	DAL Stock Is Finally a Buy. Here’s Why.	AAL	https://www.nasdaq.com/articles/dal-stock-is-finally-a-buy.-heres-why.-2020-08-13	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips You won’t find an upbeat Oracle of Omaha taking a seat next to you, but if investors are looking for a stock well-positioned to take flight into 2021 and beyond, Delta Airlines (NYSE:DAL) should be on your radar. Let’s look at what’s happening off and on the DAL stock chart, plus one favored insurance policy to get investors to their destination safely. Let me explain. Source: Markus Mainka / Shutterstock.com It’s not exactly news Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) exited Delta and its entire airline stake, fearing the world has permanently changed due to the novel coronavirus. Along with peers Southwest (NYSE:LUV), American Airlines (NASDAQ:AAL), and United Airlines (NASDAQ:UAL), the investment was closed back in April as it could no longer be justified by the famed value investor. And last month’s earnings results in Delta certainly appeared to support the Oracle’s apocalyptic warning. The State of the Airline Sector With the Covid-19 pandemic persisting in the U.S. during Delta’s second quarter, the airliner lost boatloads more money than Wall Street analysts were braced for. Net income fell by nearly 500% to a staggering loss of $5.72 billion, while sales for the three periods were off by 88% from 2019. The 10 Top Stocks to Buy and Hold Into 2021 It’s also true conditions are looking up, albeit ever so slowly for the airline industry and Delta. For the month of June, airline passenger traffic was off by 80%. But a headcount of 16.3 million was a huge improvement from April’s crushingly low statistic of 3 million. The tally also grew nearly two-fold over the business seen in May. More recently, this week the Transportation Security Administration (TSA) announced it screened more than 800,000 people nationwide, further indicating an improving trend for airliners. DAL Stock Monthly Price Chart Source: Charts by TradingView The monthly DAL price chart shows a stock which has put together a deep corrective bottoming candle. It’s far from unique. The broader market’s March low tied to Covid-19 provided similar opportunities in the majority of publicly-traded stocks. There were thousands and investors had their pick of the litter. But unlike Apple (NASDAQ:AAPL) and the Home Depot’s (NYSE:HD) of the world, an advantaged coronavirus play like Zoom Video (NASDAQ:ZM) or Tesla’s (NASDAQ:TSLA) almost inconceivable rally, Delta didn’t bottom until May. Further, while shares have gained some ground above the monthly hammer’s high of $27.85, when accounting for Delta’s volatile price swings, a return of about 5% barely made good on the pattern’s bullish promise. Looking forward, the culmination of all the ups and downs over the past couple months, coupled with shares never coming close to failing the bottoming pattern, does have us positive on the airliner and worthy of long stock exposure. Sorry, Warren. To be fair, the price charts of DAL, UAL, LUV, AAL, and others are a dime a dozen. And if we’re to consider roughly 700 global airline carriers, half of those outfits could go bankrupt, according to a report from the International Air Transport Association released at the tail end of June. It stands to reason whatever hopeful signs we’re seeing today is a coin flip away from a much uglier crash in shareholder value for many airline operators. Still, Delta does stand out in other ways. It’s no secret that among the largest airline carriers, Delta is the strongest positioned to weather the coronavirus. Citigroup’s Stephen Trent said as much this week. An upbeat note stressed DAL’s strong balance sheet, attractive loyalty/credit card program, and the airliner’s continued commitment to putting passengers’ safety first with its strict middle seat protocol. Based on a forward price multiple of 8x earnings, the analyst set Delta’s 12-month price target at $38. So, how should today’s investors gain exposure to Delta? With a bit more clarity supporting optimism for DAL’s longer-term prospects, I like the idea of buying long stock hedged with a slightly riskier variation of a collar strategy. Along with a stock purchase, the spread combination I have in mind sells an out-of-the-money call and purchases a bear put vertical. The total position amounts to having a partial flight insurance policy while optimistically looking for shares to rally towards a destination where the short call resides. One favored variation of this strategy is selling the December $38 call, purchasing the December $26 / $20 bear put spread, and buying shares for even money or a slight discount to buying Delta stock outright. Chris Tyler is a former floor-based, derivatives market maker on the American and Pacific exchanges. Investment accounts under management do not own any securities mentioned in this article. The information offered is based on his professional experience but strictly intended for educational purposes only. Any use of this information is 100% the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. The post DAL Stock Is Finally a Buy. Here’s Why. 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.	Along with peers Southwest (NYSE:LUV), American Airlines (NASDAQ:AAL), and United Airlines (NASDAQ:UAL), the investment was closed back in April as it could no longer be justified by the famed value investor. To be fair, the price charts of DAL, UAL, LUV, AAL, and others are a dime a dozen. Further, while shares have gained some ground above the monthly hammer’s high of $27.85, when accounting for Delta’s volatile price swings, a return of about 5% barely made good on the pattern’s bullish promise.	Along with peers Southwest (NYSE:LUV), American Airlines (NASDAQ:AAL), and United Airlines (NASDAQ:UAL), the investment was closed back in April as it could no longer be justified by the famed value investor. To be fair, the price charts of DAL, UAL, LUV, AAL, and others are a dime a dozen. DAL Stock Monthly Price Chart Source: Charts by TradingView The monthly DAL price chart shows a stock which has put together a deep corrective bottoming candle.	Along with peers Southwest (NYSE:LUV), American Airlines (NASDAQ:AAL), and United Airlines (NASDAQ:UAL), the investment was closed back in April as it could no longer be justified by the famed value investor. To be fair, the price charts of DAL, UAL, LUV, AAL, and others are a dime a dozen. InvestorPlace - Stock Market News, Stock Advice & Trading Tips You won’t find an upbeat Oracle of Omaha taking a seat next to you, but if investors are looking for a stock well-positioned to take flight into 2021 and beyond, Delta Airlines (NYSE:DAL) should be on your radar.	Along with peers Southwest (NYSE:LUV), American Airlines (NASDAQ:AAL), and United Airlines (NASDAQ:UAL), the investment was closed back in April as it could no longer be justified by the famed value investor. To be fair, the price charts of DAL, UAL, LUV, AAL, and others are a dime a dozen. DAL Stock Monthly Price Chart Source: Charts by TradingView The monthly DAL price chart shows a stock which has put together a deep corrective bottoming candle.
5406.0	2020-08-13 00:00:00 UTC	Southwest Airlines Stock Remains a Clear Winner As Travel Recovers	AAL	https://www.nasdaq.com/articles/southwest-airlines-stock-remains-a-clear-winner-as-travel-recovers-2020-08-13	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips We may still have a long way to go before the novel coronavirus pandemic is no longer an issue. But, the recovery has already started for hard-hit names like Southwest Airlines (NYSE:LUV) stock. After hitting multi-year lows due to outbreak-driven depressed air traffic, shares have bounced back more than 50%. LUV) jet flying above the clouds" width="300" height="169"> Source: Carlos E. Santa Maria / Shutterstock.com And that’s no surprise. Since mid-May, the airlines have started clawing their way back towards pre-pandemic air traffic levels. Granted, a look at TSA checkpoint travel numbers still shows travel levels remain far blow where they were a year back. However, things are moving in the right direction. And, given public sentiment remains largely pessimistic, coronavirus tailwinds remain more than priced into airline stocks. Yet, if the pandemic cools down sooner than expected, names in the sector stand to make substantial additional gains. And, it’s low-cost airlines like LUV stock that stand to gain the most. How so? With a stronger balance sheet than its legacy rivals, Southwest is in a much better place financially. Also, the carrier is projected to recoup a much larger share of its pre-pandemic revenue than the three “old school” major airlines. To top it all off, the carrier could leverage these strengths to gain substantial market share while rivals struggle to bounce back. In short, Southwest remains one of the best airline stocks out there, and a buy as it makes a recovery. LUV Stock Vs. Legacy Carriers Granted, a sooner-than-expected comeback for air travel bodes well for airline stocks across-the-board. But, there are many reasons why low-cost carriers like Southwest remain airline comeback plays. The 10 Top Stocks to Buy and Hold Into 2021 Firstly, Southwest is in a stronger place financially. Yes, like the other major airlines, this carrier has experienced tremendous cash burn, as well as borrowed billions under the U.S. Government’s CARES Act to shore up its balance sheet. Yet, in terms of liquidity, the carrier can outlast many of its rivals. As announced back in June, Southwest has enough cash to carry on for nearly two years. Secondly, this airline is second to only another favorite of mine, Spirit Airlines (NYSE:SAVE) in terms of potential recovery speed. What do I mean? As I discussed earlier this month, Spirit and Southwest are the only carriers projected to recover more than 75% of their 2019 revenue in 2021. Compare that to all three legacy carriers. American Airlines (NASDAQ:AAL), Delta Airlines (NYSE:DAL) and United Airlines (NASDAQ:UAL) all have 2021 revenue projections that are below 65% of their respective 2019 revenue levels. Sure, at first glance the gap between 65% and 75% doesn’t look that large. But, when you consider the high fixed costs of the aviation industry, ten percentage points make a big difference. In other words, while the three “old school” carriers could continue hemorrhaging cash well into next year, Southwest may find itself leaps and bounds ahead. And this could benefit LUV stock not just in the short-term, but long-term as well. A Faster Road to Recovery There is good reason why Southwest could do more than just “return to normal” as we slowly exit the pandemic. Namely, if the carrier bounces back much sooner than the old school airlines, it could aggressively go after market share. In fact, the airline was already making such bold moves in the midst of the outbreak. Back in late June, Southwest slashed fares and increased capacity. Granted, as the coronavirus lingers, the airline is walking back from these prior aggressive plans. But, that doesn’t mean they can’t make a bold move again, once the pandemic is fully in the rear-view mirror. Once revenues stabilize, Southwest will be well-positioned to aggressively go after legacy airline market share. The current consensus calls for a full air travel recovery by 2023. But, with the above-mentioned factors at play, Southwest’s revenues could bounce back much sooner. Probably not this year. But, it’s possible revenues retrace the high water mark by 2022. With this in mind, buying LUV stock today, while the stock remains far below its pre-pandemic prices ($55 per share) looks like a shrewd move. Southwest Remains a Solid Buy As air travel makes a slow and uneven path to recovery, the sector as a whole should head higher from today’s prices. But, among individual airline stocks, low cost names like LUV stock remain the best names in the sector. With substantial advantages over legacy carriers like American, Delta and United, this airline could see its revenue bounce back much sooner than the overall industry. And, with a quicker road to recovery, Southwest’s stock could see much more rapid appreciation in a shorter period of time. Bottom line: with more solid recovery prospects, LUV stock remains one of the best of the bunch. Shares remain a buy as they start trending higher. Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Click here to see what Matt has up his sleeve now. As of this writing, Matt did not hold a position in any of the aforementioned securities. The post Southwest Airlines Stock Remains a Clear Winner As Travel Recovers 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.	American Airlines (NASDAQ:AAL), Delta Airlines (NYSE:DAL) and United Airlines (NASDAQ:UAL) all have 2021 revenue projections that are below 65% of their respective 2019 revenue levels. Yes, like the other major airlines, this carrier has experienced tremendous cash burn, as well as borrowed billions under the U.S. Government’s CARES Act to shore up its balance sheet. Southwest Remains a Solid Buy As air travel makes a slow and uneven path to recovery, the sector as a whole should head higher from today’s prices.	American Airlines (NASDAQ:AAL), Delta Airlines (NYSE:DAL) and United Airlines (NASDAQ:UAL) all have 2021 revenue projections that are below 65% of their respective 2019 revenue levels. But, there are many reasons why low-cost carriers like Southwest remain airline comeback plays. But, among individual airline stocks, low cost names like LUV stock remain the best names in the sector.	American Airlines (NASDAQ:AAL), Delta Airlines (NYSE:DAL) and United Airlines (NASDAQ:UAL) all have 2021 revenue projections that are below 65% of their respective 2019 revenue levels. In short, Southwest remains one of the best airline stocks out there, and a buy as it makes a recovery. LUV Stock Vs. Legacy Carriers Granted, a sooner-than-expected comeback for air travel bodes well for airline stocks across-the-board.	American Airlines (NASDAQ:AAL), Delta Airlines (NYSE:DAL) and United Airlines (NASDAQ:UAL) all have 2021 revenue projections that are below 65% of their respective 2019 revenue levels. In short, Southwest remains one of the best airline stocks out there, and a buy as it makes a recovery. LUV Stock Vs. Legacy Carriers Granted, a sooner-than-expected comeback for air travel bodes well for airline stocks across-the-board.
5407.0	2020-08-13 00:00:00 UTC	Pre-Market Most Active for Aug 13, 2020 : VRT, SQQQ, QGEN, CCL, FUTU, AAL, QQQ, ADVM, TSLA, NVS, NIO, NOK	AAL	https://www.nasdaq.com/articles/pre-market-most-active-for-aug-13-2020-%3A-vrt-sqqq-qgen-ccl-futu-aal-qqq-advm-tsla-nvs-nio	nan	nan	The NASDAQ 100 Pre-Market Indicator is up 28.11 to 11,185.83. The total Pre-Market volume is currently 16,932,178 shares traded. The following are the most active stocks for the pre-market session: Vertiv Holdings, LLC (VRT) is +0.28 at $16.04, with 815,337 shares traded. As reported by Zacks, the current mean recommendation for VRT is in the "strong buy range". ProShares UltraPro Short QQQ (SQQQ) is -0.01 at $5.47, with 756,314 shares traded. This represents a 2.43% increase from its 52 Week Low. Qiagen N.V. (QGEN) is +0.48 at $48.90, with 724,295 shares traded. QGEN's current last sale is 135.83% of the target price of $36. Carnival Corporation (CCL) is -0.09 at $15.10, with 649,239 shares traded. CCL's current last sale is 94.38% of the target price of $16. Futu Holdings Limited (FUTU) is +1.79 at $37.35, with 547,701 shares traded. American Airlines Group, Inc. (AAL) is -0.34 at $13.20, with 504,424 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 $-1.62. AAL's current last sale is 110% of the target price of $12. Invesco QQQ Trust, Series 1 (QQQ) is +0.34 at $272.20, with 503,591 shares traded. This represents a 65.04% increase from its 52 Week Low. Adverum Biotechnologies, Inc. (ADVM) is -2.25 at $12.65, with 496,298 shares traded. As reported in the last short interest update the days to cover for ADVM is 14.200308; this calculation is based on the average trading volume of the stock. Tesla, Inc. (TSLA) is +65.7 at $1,620.46, with 464,463 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 $0.68. TSLA's current last sale is 179.06% of the target price of $905. Novartis AG (NVS) is +0.69 at $85.62, with 457,773 shares traded. As reported by Zacks, the current mean recommendation for NVS is in the "buy range". NIO Inc. (NIO) is -0.08 at $13.28, with 347,335 shares traded. NIO's current last sale is 257.86% of the target price of $5.15. Nokia Corporation (NOK) is -0.03 at $5.02, with 270,405 shares traded. As reported by Zacks, the current mean recommendation for NOK 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.	American Airlines Group, Inc. (AAL) is -0.34 at $13.20, with 504,424 shares traded. AAL's current last sale is 110% of the target price of $12. 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 -0.34 at $13.20, with 504,424 shares traded. AAL's current last sale is 110% of the target price of $12. The total Pre-Market volume is currently 16,932,178 shares traded.	American Airlines Group, Inc. (AAL) is -0.34 at $13.20, with 504,424 shares traded. AAL's current last sale is 110% of the target price of $12. The total Pre-Market volume is currently 16,932,178 shares traded.	AAL's current last sale is 110% of the target price of $12. American Airlines Group, Inc. (AAL) is -0.34 at $13.20, with 504,424 shares traded. QGEN's current last sale is 135.83% of the target price of $36.
5408.0	2020-08-13 00:00:00 UTC	AAL October 2nd Options Begin Trading	AAL	https://www.nasdaq.com/articles/aal-october-2nd-options-begin-trading-2020-08-13	nan	nan	Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the October 2nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new October 2nd contracts and identified one put and one call contract of particular interest. The put contract at the $10.00 strike price has a current bid of 33 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $10.00, but will also collect the premium, putting the cost basis of the shares at $9.67 (before broker commissions). To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $13.61/share today. Because the $10.00 strike represents an approximate 27% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.30% return on the cash commitment, or 24.09% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for American Airlines Group Inc, and highlighting in green where the $10.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $20.00 strike price has a current bid of 33 cents. If an investor was to purchase shares of AAL stock at the current price level of $13.61/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $20.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 49.38% if the stock gets called away at the October 2nd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $20.00 strike highlighted in red: Considering the fact that the $20.00 strike represents an approximate 47% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.42% boost of extra return to the investor, or 17.70% annualized, which we refer to as the YieldBoost. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $13.61) to be 97%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $20.00 strike highlighted in red: Considering the fact that the $20.00 strike represents an approximate 47% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the October 2nd expiration.	Below is a chart showing AAL's trailing twelve month trading history, with the $20.00 strike highlighted in red: Considering the fact that the $20.00 strike represents an approximate 47% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the October 2nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new October 2nd contracts and identified one put and one call contract of particular interest.	Below is a chart showing AAL's trailing twelve month trading history, with the $20.00 strike highlighted in red: Considering the fact that the $20.00 strike represents an approximate 47% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the October 2nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new October 2nd contracts and identified one put and one call contract of particular interest.	Below is a chart showing AAL's trailing twelve month trading history, with the $20.00 strike highlighted in red: Considering the fact that the $20.00 strike represents an approximate 47% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the October 2nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new October 2nd contracts and identified one put and one call contract of particular interest.
5409.0	2020-08-12 00:00:00 UTC	Southwest Airlines CEO calls idea of profit this year 'unrealistic'	AAL	https://www.nasdaq.com/articles/southwest-airlines-ceo-calls-idea-of-profit-this-year-unrealistic-2020-08-12	nan	nan	By David Shepardson Aug 12 (Reuters) - Southwest Airlines Co LUV.NChief Executive Gary Kelly said on Wednesday he does not expect the airline will be profitable in 2020 amid the coronavirus pandemic, snapping a 47-year streak of posting consecutive full-year profits. "As long as the case counts are high, I think that we have to expect that travel will be relatively modest," Kelly said at a Texas Tribune event. "We’re continuing to see traffic and revenues down 75% versus a year ago today and to think that would recover to the point we would be profitable I just think is unrealistic.” The company last month posted a $915 million loss for the second quarter. Kelly said it is still burning through about $20 million a day. "We're still losing cash every single day," he said. "We've got a long way to go before we can feel like we are out of intensive care." Southwest's has cut its scheduled flights by about 35% to 40%, Kelly added. "The airlines are less full," Kelly said, noting the airline was not booking middle seats. Nearly 17,000 Southwest employees have agreed to voluntary long-term leaves or exit packages. "The solution here is to get our passengers back -- not to try to shrink the airline so radically that we're prepared for a very, very modest travel environment," Kelly said. Southwest shares Wednesday closed largely unchanged. Earlier, Southwest, Ryanair Holdings Plc RYA.I and EasyJet Plc EZJ.Lwere the only three airlines whose bonds are still rated investment grade, S&P Global Ratings said, while estimating a drop of up to 70% in global air passenger traffic for 2020. Carriers operating long-haul international flights including American Airlines AAL.O, United Airlines UAL.O and Delta Air Lines DAL.N have been among the worst hit due to the pandemic. S&P's forecast for 2020 global passenger traffic has worsened to a drop of between 60% and 70% from between 50% and 55% estimated in May. (Reporting by Sanjana Shivdas in Bengaluru and David Shepardson in Washington; Editing by Anil D'Silva and Tom Brown) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Carriers operating long-haul international flights including American Airlines AAL.O, United Airlines UAL.O and Delta Air Lines DAL.N have been among the worst hit due to the pandemic. "As long as the case counts are high, I think that we have to expect that travel will be relatively modest," Kelly said at a Texas Tribune event. "We’re continuing to see traffic and revenues down 75% versus a year ago today and to think that would recover to the point we would be profitable I just think is unrealistic.” The company last month posted a $915 million loss for the second quarter.	Carriers operating long-haul international flights including American Airlines AAL.O, United Airlines UAL.O and Delta Air Lines DAL.N have been among the worst hit due to the pandemic. By David Shepardson Aug 12 (Reuters) - Southwest Airlines Co LUV.NChief Executive Gary Kelly said on Wednesday he does not expect the airline will be profitable in 2020 amid the coronavirus pandemic, snapping a 47-year streak of posting consecutive full-year profits. Earlier, Southwest, Ryanair Holdings Plc RYA.I and EasyJet Plc EZJ.Lwere the only three airlines whose bonds are still rated investment grade, S&P Global Ratings said, while estimating a drop of up to 70% in global air passenger traffic for 2020.	Carriers operating long-haul international flights including American Airlines AAL.O, United Airlines UAL.O and Delta Air Lines DAL.N have been among the worst hit due to the pandemic. By David Shepardson Aug 12 (Reuters) - Southwest Airlines Co LUV.NChief Executive Gary Kelly said on Wednesday he does not expect the airline will be profitable in 2020 amid the coronavirus pandemic, snapping a 47-year streak of posting consecutive full-year profits. "The airlines are less full," Kelly said, noting the airline was not booking middle seats.	Carriers operating long-haul international flights including American Airlines AAL.O, United Airlines UAL.O and Delta Air Lines DAL.N have been among the worst hit due to the pandemic. "As long as the case counts are high, I think that we have to expect that travel will be relatively modest," Kelly said at a Texas Tribune event. "We’re continuing to see traffic and revenues down 75% versus a year ago today and to think that would recover to the point we would be profitable I just think is unrealistic.” The company last month posted a $915 million loss for the second quarter.
5410.0	2020-08-12 00:00:00 UTC	How to Play American Airlines Stock As It Takes Flight Again	AAL	https://www.nasdaq.com/articles/how-to-play-american-airlines-stock-as-it-takes-flight-again-2020-08-12	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airline stocks are finally taking flight. Their departure has been a long-time coming. For weeks, American Airlines (NASDAQ:AAL) and its peers have been parked on the tarmac, fueled up, and ready to go. What they lacked was a catalyst — a reason for buyers to return to the industry. Bulls were too busy chasing tech stocks to the moon, and sentiment surrounding the reopening trade had soured. But patience has finally paid off in AAL stock. Source: GagliardiPhotography / Shutterstock.com We could point toward multiple factors for the takeoff, but I think the most important variable is the capital influx into small-cap stocks. When you look at stock performance through the lens of market capitalization, it reveals where the masses are moving their money. In turn, we can conclude sentiment and risk appetite. The Money Merry-Go-Round The go-to benchmark for small-cap stocks is the Russell 2000 Index. In June, its recovery stalled out, and for almost two entire months the Index meandered. Traders left its shores in search of bigger gains elsewhere. Airliners like AAL stock were among the tickers being left to languish. The money fleeing the little guys found a new home in the protective arms of large-cap tech stocks. As a result of the steady drumbeat into the big boys, the Nasdaq notched record highs virtually every single week. As we’ll see in the chart for the AMEX Airline Index below, during this period of indifference toward the little guys, airline stocks drifted. Source: The thinkorswim® platform from TD Ameritrade Without the lift of small-cap strength, AAL stock was unable to leave the ground. Fortunately, we finally saw rotation over the past week. With the tech sector in the stratosphere, traders decided to ring the register and shift capital into small-caps. With the RUT once again powering higher, bullish momentum has been restored to airlines. The fact that casinos and hotels have been hopping as well tells us that the reopening trade is making a comeback. 7 Innovative Stocks to Buy That Are Pushing the Envelope Since pivoting on Aug. 3, the Airline Index has risen for five of the past six trading sessions, gaining nearly 20%. The rally allowed XAL to push above its 20-day and 50-day moving averages. While it’s true that moving averages are rendered mostly useless in a range, rising above them is a prerequisite to starting a sustainable uptrend. The upper end of the consolidation zone has been defined by $57.50. Tuesday’s jump finally carried us beyond it, signaling an upside breakout that could shift the sentiment surrounding American Airlines and the other major carriers. The AAL Stock Chart Source: The thinkorswim® platform from TD Ameritrade The chart for AAL stock is singing the same song as the industry. Yesterday’s rally pushed the shares to a new two-month high, clearing the prior pivots that defined the upper end of its range. At the same time, we also returned to the north side of the 50-day moving average. At this point, there’s little that stands in its way until $18. That leaves a nice pocket that could create some nice gains if the small-cap strength continues. While we may not see something as explosive as June’s pole-vault, the path of least resistance is nonetheless higher. The out-sized volatility of AAL stock makes for some exciting options trades. Here are two to consider. High Probability, Lower Reward Sell the Sept $12 put for 85 cents. If the stock sits above $12 at expiration, you will capture the max reward of 85 cents. Wait for a break of a previous day’s high before pulling the trigger. That will signal the upswing is continuing. Low Probability, Higher Reward Buy the Oct $14/$18 bull call spread for around $1.15. Once again, I’d wait for a break of a previous day’s high to confirm. The max loss is $1.15, and the max gain is $2.85. For a free trial to the best trading community on the planet and Tyler’s current home, click here! At the time of this writing, Tyler didn’t hold positions in any of the aforementioned securities. The post How to Play American Airlines Stock As It Takes Flight Again appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	For weeks, American Airlines (NASDAQ:AAL) and its peers have been parked on the tarmac, fueled up, and ready to go. But patience has finally paid off in AAL stock. Airliners like AAL stock were among the tickers being left to languish.	For weeks, American Airlines (NASDAQ:AAL) and its peers have been parked on the tarmac, fueled up, and ready to go. The AAL Stock Chart Source: The thinkorswim® platform from TD Ameritrade The chart for AAL stock is singing the same song as the industry. But patience has finally paid off in AAL stock.	The AAL Stock Chart Source: The thinkorswim® platform from TD Ameritrade The chart for AAL stock is singing the same song as the industry. For weeks, American Airlines (NASDAQ:AAL) and its peers have been parked on the tarmac, fueled up, and ready to go. But patience has finally paid off in AAL stock.	Airliners like AAL stock were among the tickers being left to languish. For weeks, American Airlines (NASDAQ:AAL) and its peers have been parked on the tarmac, fueled up, and ready to go. But patience has finally paid off in AAL stock.
5411.0	2020-08-12 00:00:00 UTC	From carats to peanuts: how a pandemic upended the global diamond industry	AAL	https://www.nasdaq.com/articles/from-carats-to-peanuts%3A-how-a-pandemic-upended-the-global-diamond-industry-2020-08-12-2	nan	nan	By Helen Reid, Tanisha Heiberg and Rajendra Jadhav JOHANNESBURG/MUMBAI, Aug 12 - As the coronavirus pandemic upended the global diamond industry, shuttering mines from Lesotho to Canada and disrupting supply chains, Rajen Patel swapped diamond polishing for peanut farming. Patel, who worked for a decade in India's Surat where about 80% of the world's diamonds are polished, joined the exodus of gem workers leaving the city as cases of the virus shot up. After taking up farming in his home village, he has no plans to return in the coming months. "I won't earn as much I was earning in Surat, but I won't starve and there is no fear of getting infected with coronavirus," he said. Demand for diamonds has plummeted during the pandemic, freezing sales and squeezing prices. With temporary mine closures at risk of becoming permanent, diamond miners are seeking ways to extract more value from their stones. The lone bright spot has been steady demand for large, high-quality diamonds from affluent investors, according to financiers and sales data. "There are a lot more enquiries from people seeking to buy these luxury stones as a hedge," said Chris Del Gatto, CEO of the DelGatto Diamond Finance Fund, the largest non-bank lender to the diamond, jewellery and watch industries. Prices for high quality one-carat diamonds are rising steadily and are currently around 12% higher than at the start of the year, in contrast to still-depressed prices for lower-quality stones of the same size, data from trading platform RapNet shows. For an interactive graphic, click: https://tmsnrt.rs/2Pqtl74 "If you are in that top end, the demand is still there because the people who go for these type of goods feel the pressure of the market downturn less," said Gus Simbanegavi, CEO of Bluerock Diamonds BRD.L. But only a few miners are lucky enough to have deposits of large, high-quality diamonds, leaving some producers at risk. GRIM YEAR COVID-19 has forced miners to cancel or delay sales, with major diamond shows scrapped due to health and travel restrictions. The few sales that have taken place showed rough diamond prices down between 15% and 27%. "What has happened in the second quarter, I have never seen in my life," De Beers Chief Executive Bruce Cleaver told Reuters. "There was no really properly functioning rough market." Indian imports of rough diamonds plunged from $1.5 billion in February to just $1 million in April, data from the Gem & Jewellery Export Promotion Council shows. For an interactive graphic click here: https://tmsnrt.rs/2XxZuhs Antwerp, another diamond hub, saw rough imports drop 20% year-on-year in the first half, according to data from Antwerp World Diamond Centre. The city's exports of polished diamonds fell 46%. https://tmsnrt.rs/2DEez9P REAL OPPORTUNITY In a bid to survive, some miners are trying to change the traditional pricing game by securing a cut of onward polished diamond sales, and miners may eventually have direct tie-ups with luxury jewellery brands, RCC Diamond Consultants managing director Richard Chetwode predicts. Australia's Lucapa Diamond Co LOM.AX inked a deal with an unnamed "high-end diamantaire" to sell some of its high-value diamonds from the Mothae mine in Lesotho for $505 per carat plus a 50% share of the margin on the future polished diamond sale. Lucara Diamond Corp, LUC.TO, which mines in Botswana, struck a deal in July with Antwerp manufacturer HB Group under which the miner's diamonds larger than 10.8 carats are sold for a portion of the estimated polished price. "There is real opportunity within the diamond business as a whole to modernise the sales system," said Lucara CEO Eira Thomas. Lucara has also set up an online diamond sales platform. In the meantime, miners are hoping production cuts will help prices recover. With Rio Tinto's massive Argyle diamond mine in Australia among those coming offstream soon, global diamond production will likely be reined in until 2025, independent analyst Paul Zimnisky forecasts. For an interactive graphic, click here: https://tmsnrt.rs/3icmNFm Several diamond mines shuttered due to the pandemic have also yet to reopen, including Stornoway Diamonds' Renard mine in Canada, Petra Diamonds' Williamson mine in Tanzania, and Firestone Diamonds' Liqhobong mine in Lesotho, which the company said would likely stay closed until April to preserve cash. Meanwhile, Africa-focused Petra Diamonds PDL.L is in restructuring talks with creditors, while in Canada's Northwest Territories, Rio Tinto's Diavik mine partner has sought creditor protection, saying it cannot afford the miner's cash calls. Even De Beers is feeling the pain, saying job cuts are likely, as it remains unclear whether supply will shrink enough to meet plunging demand in the global diamond jewellery market, which Bain estimated was worth $80 billion in 2019. Industry hopes that the pandemic would boost sales of engagement rings as people reassessed life priorities and more made plans to get married have not borne out. In retailer Tiffany & Co's TIF.N February-April quarter, engagement jewellery was the worst-performing category, with sales almost halving. Overall, fine jewellery sales are expected to drop 19% this year, compared to a 3% rise last year, according to Euromonitor. Global diamond production to remain suppressed https://tmsnrt.rs/2Psn0Yu High-quality diamonds are rallyinghttps://tmsnrt.rs/2PkFnP8 India's rough diamond imports come to a standstill https://tmsnrt.rs/30uqVL1 Diamond hub Antwerp suffers sharp slowdown https://tmsnrt.rs/2DEez9P Fine jewellery sales to drop 19% this year https://tmsnrt.rs/3ke4UYI (Additional reporting by Zandi Shabalala in London; Jeff Lewis in Toronto, Silvia Aloisi in Milan, Melissa Fares in New York, Polina Devitt in Moscow, Sophie Yu in Beijing; Editing by Amran Abocar and Kirsten Donovan) ((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.	Patel, who worked for a decade in India's Surat where about 80% of the world's diamonds are polished, joined the exodus of gem workers leaving the city as cases of the virus shot up. For an interactive graphic, click: https://tmsnrt.rs/2Pqtl74 "If you are in that top end, the demand is still there because the people who go for these type of goods feel the pressure of the market downturn less," said Gus Simbanegavi, CEO of Bluerock Diamonds BRD.L. Even De Beers is feeling the pain, saying job cuts are likely, as it remains unclear whether supply will shrink enough to meet plunging demand in the global diamond jewellery market, which Bain estimated was worth $80 billion in 2019.	By Helen Reid, Tanisha Heiberg and Rajendra Jadhav JOHANNESBURG/MUMBAI, Aug 12 - As the coronavirus pandemic upended the global diamond industry, shuttering mines from Lesotho to Canada and disrupting supply chains, Rajen Patel swapped diamond polishing for peanut farming. For an interactive graphic click here: https://tmsnrt.rs/2XxZuhs Antwerp, another diamond hub, saw rough imports drop 20% year-on-year in the first half, according to data from Antwerp World Diamond Centre. Global diamond production to remain suppressed https://tmsnrt.rs/2Psn0Yu High-quality diamonds are rallyinghttps://tmsnrt.rs/2PkFnP8 India's rough diamond imports come to a standstill https://tmsnrt.rs/30uqVL1 Diamond hub Antwerp suffers sharp slowdown https://tmsnrt.rs/2DEez9P Fine jewellery sales to drop 19% this year https://tmsnrt.rs/3ke4UYI (Additional reporting by Zandi Shabalala in London; Jeff Lewis in Toronto, Silvia Aloisi in Milan, Melissa Fares in New York, Polina Devitt in Moscow, Sophie Yu in Beijing; Editing by Amran Abocar and Kirsten Donovan) ((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.	Australia's Lucapa Diamond Co LOM.AX inked a deal with an unnamed "high-end diamantaire" to sell some of its high-value diamonds from the Mothae mine in Lesotho for $505 per carat plus a 50% share of the margin on the future polished diamond sale. For an interactive graphic, click here: https://tmsnrt.rs/3icmNFm Several diamond mines shuttered due to the pandemic have also yet to reopen, including Stornoway Diamonds' Renard mine in Canada, Petra Diamonds' Williamson mine in Tanzania, and Firestone Diamonds' Liqhobong mine in Lesotho, which the company said would likely stay closed until April to preserve cash. Global diamond production to remain suppressed https://tmsnrt.rs/2Psn0Yu High-quality diamonds are rallyinghttps://tmsnrt.rs/2PkFnP8 India's rough diamond imports come to a standstill https://tmsnrt.rs/30uqVL1 Diamond hub Antwerp suffers sharp slowdown https://tmsnrt.rs/2DEez9P Fine jewellery sales to drop 19% this year https://tmsnrt.rs/3ke4UYI (Additional reporting by Zandi Shabalala in London; Jeff Lewis in Toronto, Silvia Aloisi in Milan, Melissa Fares in New York, Polina Devitt in Moscow, Sophie Yu in Beijing; Editing by Amran Abocar and Kirsten Donovan) ((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.	The few sales that have taken place showed rough diamond prices down between 15% and 27%. In the meantime, miners are hoping production cuts will help prices recover. For an interactive graphic, click here: https://tmsnrt.rs/3icmNFm Several diamond mines shuttered due to the pandemic have also yet to reopen, including Stornoway Diamonds' Renard mine in Canada, Petra Diamonds' Williamson mine in Tanzania, and Firestone Diamonds' Liqhobong mine in Lesotho, which the company said would likely stay closed until April to preserve cash.
5412.0	2020-08-12 00:00:00 UTC	From carats to peanuts: how a pandemic upended the global diamond industry	AAL	https://www.nasdaq.com/articles/from-carats-to-peanuts%3A-how-a-pandemic-upended-the-global-diamond-industry-2020-08-12-1	nan	nan	By Helen Reid, Tanisha Heiberg and Rajendra Jadhav JOHANNESBURG/MUMBAI, Aug 12 - As the coronavirus pandemic upended the global diamond industry, shuttering mines from Lesotho to Canada and disrupting supply chains, Rajen Patel swapped diamond polishing for peanut farming. Patel, who worked for a decade in India's Surat where about 80% of the world's diamonds are polished, joined the exodus of gem workers leaving the city as cases of the virus shot up. After taking up farming in his home village, he has no plans to return in the coming months. "I won't earn as much I was earning in Surat, but I won't starve and there is no fear of getting infected with coronavirus," he said. Demand for diamonds has plummeted during the pandemic, freezing sales and squeezing prices. With temporary mine closures at risk of becoming permanent, diamond miners are seeking ways to extract more value from their stones. The lone bright spot has been steady demand for large, high-quality diamonds from affluent investors, according to financiers and sales data. "There are a lot more enquiries from people seeking to buy these luxury stones as a hedge," said Chris Del Gatto, CEO of the DelGatto Diamond Finance Fund, the largest non-bank lender to the diamond, jewellery and watch industries. Prices for high quality one-carat diamonds are rising steadily and are currently around 12% higher than at the start of the year, in contrast to still-depressed prices for lower-quality stones of the same size, data from trading platform RapNet shows. For an interactive graphic, click: https://tmsnrt.rs/2Pqtl74 "If you are in that top end, the demand is still there because the people who go for these type of goods feel the pressure of the market downturn less," said Gus Simbanegavi, CEO of Bluerock Diamonds BRD.L. But only a few miners are lucky enough to have deposits of large, high-quality diamonds, leaving some producers at risk. GRIM YEAR COVID-19 has forced miners to cancel or delay sales, with major diamond shows scrapped due to health and travel restrictions. The few sales that have taken place showed rough diamond prices down between 15% and 27%. "What has happened in the second quarter, I have never seen in my life," De Beers Chief Executive Bruce Cleaver told Reuters. "There was no really properly functioning rough market." Indian imports of rough diamonds plunged from $1.5 billion in February to just $1 million in April, data from the Gem & Jewellery Export Promotion Council shows. For an interactive graphic click here: https://tmsnrt.rs/2XxZuhs Antwerp, another diamond hub, saw rough imports drop 20% year-on-year in the first half, according to data from Antwerp World Diamond Centre. The city's exports of polished diamonds fell 46%. https://tmsnrt.rs/2DEez9P REAL OPPORTUNITY In a bid to survive, some miners are trying to change the traditional pricing game by securing a cut of onward polished diamond sales, and miners may eventually have direct tie-ups with luxury jewellery brands, RCC Diamond Consultants managing director Richard Chetwode predicts. Australia's Lucapa Diamond Co LOM.AX inked a deal with an unnamed "high-end diamantaire" to sell some of its high-value diamonds from the Mothae mine in Lesotho for $505 per carat plus a 50% share of the margin on the future polished diamond sale. Lucara Diamond Corp, LUC.TO, which mines in Botswana, struck a deal in July with Antwerp manufacturer HB Group under which the miner's diamonds larger than 10.8 carats are sold for a portion of the estimated polished price. "There is real opportunity within the diamond business as a whole to modernise the sales system," said Lucara CEO Eira Thomas. Lucara has also set up an online diamond sales platform. In the meantime, miners are hoping production cuts will help prices recover. With Rio Tinto's massive Argyle diamond mine in Australia among those coming offstream soon, global diamond production will likely be reined in until 2025, independent analyst Paul Zimnisky forecasts. For an interactive graphic, click here: https://tmsnrt.rs/3icmNFm Several diamond mines shuttered due to the pandemic have also yet to reopen, including Stornoway Diamonds' Renard mine in Canada, Petra Diamonds' Williamson mine in Tanzania, and Firestone Diamonds' Liqhobong mine in Lesotho, which the company said would likely stay closed until April to preserve cash. Meanwhile, Africa-focused Petra Diamonds PDL.L is in restructuring talks with creditors, while in Canada's Northwest Territories, Rio Tinto's Diavik mine partner has sought creditor protection, saying it cannot afford the miner's cash calls. Even De Beers is feeling the pain, saying job cuts are likely, as it remains unclear whether supply will shrink enough to meet plunging demand in the global diamond jewellery market, which Bain estimated was worth $80 billion in 2019. Industry hopes that the pandemic would boost sales of engagement rings as people reassessed life priorities and more made plans to get married have not borne out. In retailer Tiffany & Co's TIF.N February-April quarter, engagement jewellery was the worst-performing category, with sales almost halving. Overall, fine jewellery sales are expected to drop 19% this year, compared to a 3% rise last year, according to Euromonitor. Global diamond production to remain suppressed https://tmsnrt.rs/2Psn0Yu High-quality diamonds are rallyinghttps://tmsnrt.rs/2PkFnP8 India's rough diamond imports come to a standstill https://tmsnrt.rs/30uqVL1 Diamond hub Antwerp suffers sharp slowdown https://tmsnrt.rs/2DEez9P Fine jewellery sales to drop 19% this year https://tmsnrt.rs/3ke4UYI (Additional reporting by Zandi Shabalala in London; Jeff Lewis in Toronto, Silvia Aloisi in Milan, Melissa Fares in New York, Polina Devitt in Moscow, Sophie Yu in Beijing; Editing by Amran Abocar and Kirsten Donovan) ((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.	Patel, who worked for a decade in India's Surat where about 80% of the world's diamonds are polished, joined the exodus of gem workers leaving the city as cases of the virus shot up. For an interactive graphic, click: https://tmsnrt.rs/2Pqtl74 "If you are in that top end, the demand is still there because the people who go for these type of goods feel the pressure of the market downturn less," said Gus Simbanegavi, CEO of Bluerock Diamonds BRD.L. Even De Beers is feeling the pain, saying job cuts are likely, as it remains unclear whether supply will shrink enough to meet plunging demand in the global diamond jewellery market, which Bain estimated was worth $80 billion in 2019.	By Helen Reid, Tanisha Heiberg and Rajendra Jadhav JOHANNESBURG/MUMBAI, Aug 12 - As the coronavirus pandemic upended the global diamond industry, shuttering mines from Lesotho to Canada and disrupting supply chains, Rajen Patel swapped diamond polishing for peanut farming. For an interactive graphic click here: https://tmsnrt.rs/2XxZuhs Antwerp, another diamond hub, saw rough imports drop 20% year-on-year in the first half, according to data from Antwerp World Diamond Centre. Global diamond production to remain suppressed https://tmsnrt.rs/2Psn0Yu High-quality diamonds are rallyinghttps://tmsnrt.rs/2PkFnP8 India's rough diamond imports come to a standstill https://tmsnrt.rs/30uqVL1 Diamond hub Antwerp suffers sharp slowdown https://tmsnrt.rs/2DEez9P Fine jewellery sales to drop 19% this year https://tmsnrt.rs/3ke4UYI (Additional reporting by Zandi Shabalala in London; Jeff Lewis in Toronto, Silvia Aloisi in Milan, Melissa Fares in New York, Polina Devitt in Moscow, Sophie Yu in Beijing; Editing by Amran Abocar and Kirsten Donovan) ((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.	Australia's Lucapa Diamond Co LOM.AX inked a deal with an unnamed "high-end diamantaire" to sell some of its high-value diamonds from the Mothae mine in Lesotho for $505 per carat plus a 50% share of the margin on the future polished diamond sale. For an interactive graphic, click here: https://tmsnrt.rs/3icmNFm Several diamond mines shuttered due to the pandemic have also yet to reopen, including Stornoway Diamonds' Renard mine in Canada, Petra Diamonds' Williamson mine in Tanzania, and Firestone Diamonds' Liqhobong mine in Lesotho, which the company said would likely stay closed until April to preserve cash. Global diamond production to remain suppressed https://tmsnrt.rs/2Psn0Yu High-quality diamonds are rallyinghttps://tmsnrt.rs/2PkFnP8 India's rough diamond imports come to a standstill https://tmsnrt.rs/30uqVL1 Diamond hub Antwerp suffers sharp slowdown https://tmsnrt.rs/2DEez9P Fine jewellery sales to drop 19% this year https://tmsnrt.rs/3ke4UYI (Additional reporting by Zandi Shabalala in London; Jeff Lewis in Toronto, Silvia Aloisi in Milan, Melissa Fares in New York, Polina Devitt in Moscow, Sophie Yu in Beijing; Editing by Amran Abocar and Kirsten Donovan) ((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.	The few sales that have taken place showed rough diamond prices down between 15% and 27%. In the meantime, miners are hoping production cuts will help prices recover. For an interactive graphic, click here: https://tmsnrt.rs/3icmNFm Several diamond mines shuttered due to the pandemic have also yet to reopen, including Stornoway Diamonds' Renard mine in Canada, Petra Diamonds' Williamson mine in Tanzania, and Firestone Diamonds' Liqhobong mine in Lesotho, which the company said would likely stay closed until April to preserve cash.
5413.0	2020-08-12 00:00:00 UTC	From carats to peanuts: how a pandemic upended the global diamond industry	AAL	https://www.nasdaq.com/articles/from-carats-to-peanuts%3A-how-a-pandemic-upended-the-global-diamond-industry-2020-08-12-0	nan	nan	By Helen Reid, Tanisha Heiberg and Rajendra Jadhav JOHANNESBURG/MUMBAI, Aug 12 - As the coronavirus pandemic upended the global diamond industry, shuttering mines from Lesotho to Canada and disrupting supply chains, Rajen Patel swapped diamond polishing for peanut farming. Patel, who worked for a decade in India's Surat where about 80% of the world's diamonds are polished, joined the exodus of gem workers leaving the city as cases of the virus shot up. After taking up farming in his home village, he has no plans to return in the coming months. "I won't earn as much I was earning in Surat, but I won't starve and there is no fear of getting infected with coronavirus," he said. Demand for diamonds has plummeted during the pandemic, freezing sales and squeezing prices. With temporary mine closures at risk of becoming permanent, diamond miners are seeking ways to extract more value from their stones. The lone bright spot has been steady demand for large, high-quality diamonds from affluent investors, according to financiers and sales data. "There are a lot more enquiries from people seeking to buy these luxury stones as a hedge," said Chris Del Gatto, CEO of the DelGatto Diamond Finance Fund, the largest non-bank lender to the diamond, jewellery and watch industries. Prices for high quality one-carat diamonds are rising steadily and are currently around 12% higher than at the start of the year, in contrast to still-depressed prices for lower-quality stones of the same size, data from trading platform RapNet shows. For an interactive graphic, click: https://tmsnrt.rs/2Pqtl74 "If you are in that top end, the demand is still there because the people who go for these type of goods feel the pressure of the market downturn less," said Gus Simbanegavi, CEO of Bluerock Diamonds BRD.L. But only a few miners are lucky enough to have deposits of large, high-quality diamonds, leaving some producers at risk. GRIM YEAR COVID-19 has forced miners to cancel or delay sales, with major diamond shows scrapped due to health and travel restrictions. The few sales that have taken place showed rough diamond prices down between 15% and 27%. "What has happened in the second quarter, I have never seen in my life," De Beers Chief Executive Bruce Cleaver told Reuters. "There was no really properly functioning rough market." Indian imports of rough diamonds plunged from $1.5 billion in February to just $1 million in April, data from the Gem & Jewellery Export Promotion Council shows. For an interactive graphic click here: https://tmsnrt.rs/2XxZuhs Antwerp, another diamond hub, saw rough imports drop 20% year-on-year in the first half, according to data from Antwerp World Diamond Centre. The city's exports of polished diamonds fell 46%. https://tmsnrt.rs/2DEez9P REAL OPPORTUNITY In a bid to survive, some miners are trying to change the traditional pricing game by securing a cut of onward polished diamond sales, and miners may eventually have direct tie-ups with luxury jewellery brands, RCC Diamond Consultants managing director Richard Chetwode predicts. Australia's Lucapa Diamond Co LOM.AX inked a deal with an unnamed "high-end diamantaire" to sell some of its high-value diamonds from the Mothae mine in Lesotho for $505 per carat plus a 50% share of the margin on the future polished diamond sale. Lucara Diamond Corp, LUC.TO, which mines in Botswana, struck a deal in July with Antwerp manufacturer HB Group under which the miner's diamonds larger than 10.8 carats are sold for a portion of the estimated polished price. "There is real opportunity within the diamond business as a whole to modernise the sales system," said Lucara CEO Eira Thomas. Lucara has also set up an online diamond sales platform. In the meantime, miners are hoping production cuts will help prices recover. With Rio Tinto's massive Argyle diamond mine in Australia among those coming offstream soon, global diamond production will likely be reined in until 2025, independent analyst Paul Zimnisky forecasts. For an interactive graphic, click here: https://tmsnrt.rs/3icmNFm Several diamond mines shuttered due to the pandemic have also yet to reopen, including Stornoway Diamonds' Renard mine in Canada, Petra Diamonds' Williamson mine in Tanzania, and Firestone Diamonds' Liqhobong mine in Lesotho, which the company said would likely stay closed until April to preserve cash. Meanwhile, Africa-focused Petra Diamonds PDL.L is in restructuring talks with creditors, while in Canada's Northwest Territories, Rio Tinto's Diavik mine partner has sought creditor protection, saying it cannot afford the miner's cash calls. Even De Beers is feeling the pain, saying job cuts are likely, as it remains unclear whether supply will shrink enough to meet plunging demand in the global diamond jewellery market, which Bain estimated was worth $80 billion in 2019. Industry hopes that the pandemic would boost sales of engagement rings as people reassessed life priorities and more made plans to get married have not borne out. In retailer Tiffany & Co's TIF.N February-April quarter, engagement jewellery was the worst-performing category, with sales almost halving. Overall, fine jewellery sales are expected to drop 19% this year, compared to a 3% rise last year, according to Euromonitor. Global diamond production to remain suppressed https://tmsnrt.rs/2Psn0Yu High-quality diamonds are rallyinghttps://tmsnrt.rs/2PkFnP8 India's rough diamond imports come to a standstill https://tmsnrt.rs/30uqVL1 Diamond hub Antwerp suffers sharp slowdown https://tmsnrt.rs/2DEez9P Fine jewellery sales to drop 19% this year https://tmsnrt.rs/3ke4UYI (Additional reporting by Zandi Shabalala in London; Jeff Lewis in Toronto, Silvia Aloisi in Milan, Melissa Fares in New York, Polina Devitt in Moscow, Sophie Yu in Beijing; Editing by Amran Abocar and Kirsten Donovan) ((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.	Patel, who worked for a decade in India's Surat where about 80% of the world's diamonds are polished, joined the exodus of gem workers leaving the city as cases of the virus shot up. For an interactive graphic, click: https://tmsnrt.rs/2Pqtl74 "If you are in that top end, the demand is still there because the people who go for these type of goods feel the pressure of the market downturn less," said Gus Simbanegavi, CEO of Bluerock Diamonds BRD.L. Even De Beers is feeling the pain, saying job cuts are likely, as it remains unclear whether supply will shrink enough to meet plunging demand in the global diamond jewellery market, which Bain estimated was worth $80 billion in 2019.	By Helen Reid, Tanisha Heiberg and Rajendra Jadhav JOHANNESBURG/MUMBAI, Aug 12 - As the coronavirus pandemic upended the global diamond industry, shuttering mines from Lesotho to Canada and disrupting supply chains, Rajen Patel swapped diamond polishing for peanut farming. For an interactive graphic click here: https://tmsnrt.rs/2XxZuhs Antwerp, another diamond hub, saw rough imports drop 20% year-on-year in the first half, according to data from Antwerp World Diamond Centre. Global diamond production to remain suppressed https://tmsnrt.rs/2Psn0Yu High-quality diamonds are rallyinghttps://tmsnrt.rs/2PkFnP8 India's rough diamond imports come to a standstill https://tmsnrt.rs/30uqVL1 Diamond hub Antwerp suffers sharp slowdown https://tmsnrt.rs/2DEez9P Fine jewellery sales to drop 19% this year https://tmsnrt.rs/3ke4UYI (Additional reporting by Zandi Shabalala in London; Jeff Lewis in Toronto, Silvia Aloisi in Milan, Melissa Fares in New York, Polina Devitt in Moscow, Sophie Yu in Beijing; Editing by Amran Abocar and Kirsten Donovan) ((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.	Australia's Lucapa Diamond Co LOM.AX inked a deal with an unnamed "high-end diamantaire" to sell some of its high-value diamonds from the Mothae mine in Lesotho for $505 per carat plus a 50% share of the margin on the future polished diamond sale. For an interactive graphic, click here: https://tmsnrt.rs/3icmNFm Several diamond mines shuttered due to the pandemic have also yet to reopen, including Stornoway Diamonds' Renard mine in Canada, Petra Diamonds' Williamson mine in Tanzania, and Firestone Diamonds' Liqhobong mine in Lesotho, which the company said would likely stay closed until April to preserve cash. Global diamond production to remain suppressed https://tmsnrt.rs/2Psn0Yu High-quality diamonds are rallyinghttps://tmsnrt.rs/2PkFnP8 India's rough diamond imports come to a standstill https://tmsnrt.rs/30uqVL1 Diamond hub Antwerp suffers sharp slowdown https://tmsnrt.rs/2DEez9P Fine jewellery sales to drop 19% this year https://tmsnrt.rs/3ke4UYI (Additional reporting by Zandi Shabalala in London; Jeff Lewis in Toronto, Silvia Aloisi in Milan, Melissa Fares in New York, Polina Devitt in Moscow, Sophie Yu in Beijing; Editing by Amran Abocar and Kirsten Donovan) ((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.	The few sales that have taken place showed rough diamond prices down between 15% and 27%. In the meantime, miners are hoping production cuts will help prices recover. For an interactive graphic, click here: https://tmsnrt.rs/3icmNFm Several diamond mines shuttered due to the pandemic have also yet to reopen, including Stornoway Diamonds' Renard mine in Canada, Petra Diamonds' Williamson mine in Tanzania, and Firestone Diamonds' Liqhobong mine in Lesotho, which the company said would likely stay closed until April to preserve cash.
5414.0	2020-08-12 00:00:00 UTC	American Airlines Extends Waive-change Fee Offer Through December	AAL	https://www.nasdaq.com/articles/american-airlines-extends-waive-change-fee-offer-through-december-2020-08-12	nan	nan	(RTTNews) - American Airlines has extended its offer to waive change fees for customers who purchase tickets for travel, until December 31, 2020 in response to lower travel demand due to the coronavirus pandemic. This means that the travelers need not pay penalties for changing the origin and destination cities. Since the onset of the ongoing COVID-19 pandemic in January, this is the eighth time the airline is extending its period for change fees waiver for customers purchasing travel tickets. The airline noted that the offer is available for any of American's fares. However, customers may still have to pay for any difference in fare, if applicable, at the time of re-booking for the new trip. Only the change fee will be waived. This offer is now applicable for any ticket purchases made by customers by September 30, 2020 for travel through December 31, 2020. The change fees are incurred by the customer prior to travel. American Airlines said all AAdvantage award tickets are included in this offer. The customer is allowed to make the change to the trip only once. In late July, American Airlines said while reporting financial results for the second quarter that COVID-19 and the resulting shutdown of the U.S. economy caused severe disruptions to global demand for air travel. It called the quarter the most challenging in American's history. The company said May and June revenue trends were encouraging, however, demand weakened somewhat during July as COVID-19 cases have increased and new travel restrictions have been put into place. The company noted that it will continue to match its forward capacity with observed bookings trends and presently expects its third quarter system capacity to be down approximately 60 percent year-over-year. In mid-July, the airline also warned about 25,000 employees, which is about 20 percent of its total workforce, about possibility of furloughs, as airline operators around the globe continue to struggle due to the coronavirus pandemic. American Airlines has asked employees to take new extended leaves program that can last up to two years or early retirement packages before having to involuntarily cut their jobs. Meanwhile, airlines are prohibited from cutting jobs or pay rates of workers through September 30 under the terms of $25 billion in federal payroll support. The Worker Adjustment and Retraining Notification Act requires employers to notify staff about possible layoffs or temporary furloughs generally 60 days in advance. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Since the onset of the ongoing COVID-19 pandemic in January, this is the eighth time the airline is extending its period for change fees waiver for customers purchasing travel tickets. The company said May and June revenue trends were encouraging, however, demand weakened somewhat during July as COVID-19 cases have increased and new travel restrictions have been put into place. The Worker Adjustment and Retraining Notification Act requires employers to notify staff about possible layoffs or temporary furloughs generally 60 days in advance.	(RTTNews) - American Airlines has extended its offer to waive change fees for customers who purchase tickets for travel, until December 31, 2020 in response to lower travel demand due to the coronavirus pandemic. Since the onset of the ongoing COVID-19 pandemic in January, this is the eighth time the airline is extending its period for change fees waiver for customers purchasing travel tickets. This offer is now applicable for any ticket purchases made by customers by September 30, 2020 for travel through December 31, 2020.	(RTTNews) - American Airlines has extended its offer to waive change fees for customers who purchase tickets for travel, until December 31, 2020 in response to lower travel demand due to the coronavirus pandemic. Since the onset of the ongoing COVID-19 pandemic in January, this is the eighth time the airline is extending its period for change fees waiver for customers purchasing travel tickets. In late July, American Airlines said while reporting financial results for the second quarter that COVID-19 and the resulting shutdown of the U.S. economy caused severe disruptions to global demand for air travel.	(RTTNews) - American Airlines has extended its offer to waive change fees for customers who purchase tickets for travel, until December 31, 2020 in response to lower travel demand due to the coronavirus pandemic. The airline noted that the offer is available for any of American's fares. This offer is now applicable for any ticket purchases made by customers by September 30, 2020 for travel through December 31, 2020.
5415.0	2020-08-12 00:00:00 UTC	Pre-Market Most Active for Aug 12, 2020 : ABUS, MRNA, NIO, JMIA, AAL, SQQQ, NOK, GE, CCL, OSTK, QQQ, NCLH	AAL	https://www.nasdaq.com/articles/pre-market-most-active-for-aug-12-2020-%3A-abus-mrna-nio-jmia-aal-sqqq-nok-ge-ccl-ostk-qqq	nan	nan	The NASDAQ 100 Pre-Market Indicator is up 87.78 to 10,963.86. The total Pre-Market volume is currently 13,545,706 shares traded. The following are the most active stocks for the pre-market session: Arbutus Biopharma Corporation (ABUS) is +0.48 at $3.92, with 1,827,096 shares traded. ABUS's current last sale is 87.11% of the target price of $4.5. Moderna, Inc. (MRNA) is +6.28 at $75.25, with 1,539,185 shares traded. As reported by Zacks, the current mean recommendation for MRNA is in the "buy range". NIO Inc. (NIO) is +0.36 at $13.35, with 1,340,685 shares traded. NIO's current last sale is 259.22% of the target price of $5.15. Jumia Technologies AG (JMIA) is -3.05 at $13.32, with 1,295,531 shares traded. Business Wire Reports: Jumia Reports Second Quarter 2020 Results American Airlines Group, Inc. (AAL) is +0.46 at $14.19, with 1,150,124 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 $-1.62. AAL's current last sale is 118.25% of the target price of $12. ProShares UltraPro Short QQQ (SQQQ) is -0.17 at $5.77, with 751,117 shares traded. This represents a 8.05% increase from its 52 Week Low. Nokia Corporation (NOK) is +0.08 at $5.04, with 651,212 shares traded. As reported by Zacks, the current mean recommendation for NOK is in the "buy range". General Electric Company (GE) is +0.08 at $6.81, with 500,324 shares traded. As reported by Zacks, the current mean recommendation for GE is in the "buy range". Carnival Corporation (CCL) is +0.4401 at $16.26, with 436,653 shares traded. CCL's current last sale is 101.63% of the target price of $16. Overstock.com, Inc. (OSTK) is -6.15 at $85.85, with 428,649 shares traded. As reported by Zacks, the current mean recommendation for OSTK is in the "strong buy range". Invesco QQQ Trust, Series 1 (QQQ) is +2.52 at $267.71, with 392,308 shares traded. This represents a 62.32% increase from its 52 Week Low. Norwegian Cruise Line Holdings Ltd. (NCLH) is +0.61 at $16.25, with 334,583 shares traded. NCLH's current last sale is 101.56% of the target price of $16. 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 +0.46 at $14.19, with 1,150,124 shares traded. AAL's current last sale is 118.25% of the target price of $12. 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 +0.46 at $14.19, with 1,150,124 shares traded. AAL's current last sale is 118.25% of the target price of $12. As reported by Zacks, the current mean recommendation for MRNA is in the "buy range".	American Airlines Group, Inc. (AAL) is +0.46 at $14.19, with 1,150,124 shares traded. AAL's current last sale is 118.25% of the target price of $12. The total Pre-Market volume is currently 13,545,706 shares traded.	American Airlines Group, Inc. (AAL) is +0.46 at $14.19, with 1,150,124 shares traded. AAL's current last sale is 118.25% of the target price of $12. NIO's current last sale is 259.22% of the target price of $5.15.
5416.0	2020-08-12 00:00:00 UTC	From carats to peanuts: how a pandemic upended the global diamond industry	AAL	https://www.nasdaq.com/articles/from-carats-to-peanuts%3A-how-a-pandemic-upended-the-global-diamond-industry-2020-08-12	nan	nan	By Helen Reid, Tanisha Heiberg and Rajendra Jadhav JOHANNESBURG/MUMBAI, Aug 12 - As the coronavirus pandemic upended the global diamond industry, shuttering mines from Lesotho to Canada and disrupting supply chains, Rajen Patel swapped diamond polishing for peanut farming. Patel, who worked for a decade in India's Surat where about 80% of the world's diamonds are polished, joined the exodus of gem workers leaving the city as cases of the virus shot up. After taking up farming in his home village, he has no plans to return in the coming months. "I won't earn as much I was earning in Surat, but I won't starve and there is no fear of getting infected with coronavirus," he said. Demand for diamonds has plummeted during the pandemic, freezing sales and squeezing prices. With temporary mine closures at risk of becoming permanent, diamond miners are seeking ways to extract more value from their stones. The lone bright spot has been steady demand for large, high-quality diamonds from affluent investors, according to financiers and sales data. "There are a lot more enquiries from people seeking to buy these luxury stones as a hedge," said Chris Del Gatto, CEO of the DelGatto Diamond Finance Fund, the largest non-bank lender to the diamond, jewellery and watch industries. Prices for high quality one-carat diamonds are rising steadily and are currently around 12% higher than at the start of the year, in contrast to still-depressed prices for lower-quality stones of the same size, data from trading platform RapNet shows. For an interactive graphic, click: https://tmsnrt.rs/2Pqtl74 "If you are in that top end, the demand is still there because the people who go for these type of goods feel the pressure of the market downturn less," said Gus Simbanegavi, CEO of Bluerock Diamonds BRD.L. But only a few miners are lucky enough to have deposits of large, high-quality diamonds, leaving some producers at risk. GRIM YEAR COVID-19 has forced miners to cancel or delay sales, with major diamond shows scrapped due to health and travel restrictions. The few sales that have taken place showed rough diamond prices down between 15% and 27%. "What has happened in the second quarter, I have never seen in my life," De Beers Chief Executive Bruce Cleaver told Reuters. "There was no really properly functioning rough market." Indian imports of rough diamonds plunged from $1.5 billion in February to just $1 million in April, data from the Gem & Jewellery Export Promotion Council shows. For an interactive graphic click here: https://tmsnrt.rs/2XxZuhs Antwerp, another diamond hub, saw rough imports drop 20% year-on-year in the first half, according to data from Antwerp World Diamond Centre. The city's exports of polished diamonds fell 46%. https://tmsnrt.rs/2DEez9P REAL OPPORTUNITY In a bid to survive, some miners are trying to change the traditional pricing game by securing a cut of onward polished diamond sales, and miners may eventually have direct tie-ups with luxury jewellery brands, RCC Diamond Consultants managing director Richard Chetwode predicts. Australia's Lucapa Diamond Co LOM.AX inked a deal with an unnamed "high-end diamantaire" to sell some of its high-value diamonds from the Mothae mine in Lesotho for $505 per carat plus a 50% share of the margin on the future polished diamond sale. Lucara Diamond Corp, LUC.TO, which mines in Botswana, struck a deal in July with Antwerp manufacturer HB Group under which the miner's diamonds larger than 10.8 carats are sold for a portion of the estimated polished price. "There is real opportunity within the diamond business as a whole to modernise the sales system," said Lucara CEO Eira Thomas. Lucara has also set up an online diamond sales platform. In the meantime, miners are hoping production cuts will help prices recover. With Rio Tinto's massive Argyle diamond mine in Australia among those coming offstream soon, global diamond production will likely be reined in until 2025, independent analyst Paul Zimnisky forecasts. For an interactive graphic, click here: https://tmsnrt.rs/3icmNFm Several diamond mines shuttered due to the pandemic have also yet to reopen, including Stornoway Diamonds' Renard mine in Canada, Petra Diamonds' Williamson mine in Tanzania, and Firestone Diamonds' Liqhobong mine in Lesotho, which the company said would likely stay closed until April to preserve cash. Meanwhile, Africa-focused Petra Diamonds PDL.L is in restructuring talks with creditors, while in Canada's Northwest Territories, Rio Tinto's Diavik mine partner has sought creditor protection, saying it cannot afford the miner's cash calls. Even De Beers is feeling the pain, saying job cuts are likely, as it remains unclear whether supply will shrink enough to meet plunging demand in the global diamond jewellery market, which Bain estimated was worth $80 billion in 2019. Industry hopes that the pandemic would boost sales of engagement rings as people reassessed life priorities and more made plans to get married have not borne out. In retailer Tiffany & Co's TIF.N February-April quarter, engagement jewellery was the worst-performing category, with sales almost halving. Overall, fine jewellery sales are expected to drop 19% this year, compared to a 3% rise last year, according to Euromonitor. Global diamond production to remain suppressed https://tmsnrt.rs/2Psn0Yu High-quality diamonds are rallyinghttps://tmsnrt.rs/2PkFnP8 India's rough diamond imports come to a standstill https://tmsnrt.rs/30uqVL1 Diamond hub Antwerp suffers sharp slowdown https://tmsnrt.rs/2DEez9P Fine jewellery sales to drop 19% this year https://tmsnrt.rs/3ke4UYI (Additional reporting by Zandi Shabalala in London; Jeff Lewis in Toronto, Silvia Aloisi in Milan, Melissa Fares in New York, Polina Devitt in Moscow, Sophie Yu in Beijing; Editing by Amran Abocar and Kirsten Donovan) ((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.	Patel, who worked for a decade in India's Surat where about 80% of the world's diamonds are polished, joined the exodus of gem workers leaving the city as cases of the virus shot up. For an interactive graphic, click: https://tmsnrt.rs/2Pqtl74 "If you are in that top end, the demand is still there because the people who go for these type of goods feel the pressure of the market downturn less," said Gus Simbanegavi, CEO of Bluerock Diamonds BRD.L. Even De Beers is feeling the pain, saying job cuts are likely, as it remains unclear whether supply will shrink enough to meet plunging demand in the global diamond jewellery market, which Bain estimated was worth $80 billion in 2019.	By Helen Reid, Tanisha Heiberg and Rajendra Jadhav JOHANNESBURG/MUMBAI, Aug 12 - As the coronavirus pandemic upended the global diamond industry, shuttering mines from Lesotho to Canada and disrupting supply chains, Rajen Patel swapped diamond polishing for peanut farming. For an interactive graphic click here: https://tmsnrt.rs/2XxZuhs Antwerp, another diamond hub, saw rough imports drop 20% year-on-year in the first half, according to data from Antwerp World Diamond Centre. Global diamond production to remain suppressed https://tmsnrt.rs/2Psn0Yu High-quality diamonds are rallyinghttps://tmsnrt.rs/2PkFnP8 India's rough diamond imports come to a standstill https://tmsnrt.rs/30uqVL1 Diamond hub Antwerp suffers sharp slowdown https://tmsnrt.rs/2DEez9P Fine jewellery sales to drop 19% this year https://tmsnrt.rs/3ke4UYI (Additional reporting by Zandi Shabalala in London; Jeff Lewis in Toronto, Silvia Aloisi in Milan, Melissa Fares in New York, Polina Devitt in Moscow, Sophie Yu in Beijing; Editing by Amran Abocar and Kirsten Donovan) ((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.	Australia's Lucapa Diamond Co LOM.AX inked a deal with an unnamed "high-end diamantaire" to sell some of its high-value diamonds from the Mothae mine in Lesotho for $505 per carat plus a 50% share of the margin on the future polished diamond sale. For an interactive graphic, click here: https://tmsnrt.rs/3icmNFm Several diamond mines shuttered due to the pandemic have also yet to reopen, including Stornoway Diamonds' Renard mine in Canada, Petra Diamonds' Williamson mine in Tanzania, and Firestone Diamonds' Liqhobong mine in Lesotho, which the company said would likely stay closed until April to preserve cash. Global diamond production to remain suppressed https://tmsnrt.rs/2Psn0Yu High-quality diamonds are rallyinghttps://tmsnrt.rs/2PkFnP8 India's rough diamond imports come to a standstill https://tmsnrt.rs/30uqVL1 Diamond hub Antwerp suffers sharp slowdown https://tmsnrt.rs/2DEez9P Fine jewellery sales to drop 19% this year https://tmsnrt.rs/3ke4UYI (Additional reporting by Zandi Shabalala in London; Jeff Lewis in Toronto, Silvia Aloisi in Milan, Melissa Fares in New York, Polina Devitt in Moscow, Sophie Yu in Beijing; Editing by Amran Abocar and Kirsten Donovan) ((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.	The few sales that have taken place showed rough diamond prices down between 15% and 27%. In the meantime, miners are hoping production cuts will help prices recover. For an interactive graphic, click here: https://tmsnrt.rs/3icmNFm Several diamond mines shuttered due to the pandemic have also yet to reopen, including Stornoway Diamonds' Renard mine in Canada, Petra Diamonds' Williamson mine in Tanzania, and Firestone Diamonds' Liqhobong mine in Lesotho, which the company said would likely stay closed until April to preserve cash.
5417.0	2020-08-12 00:00:00 UTC	Australia's South32 to sell manganese alloy smelter TEMCO to UK's GFG Alliance	AAL	https://www.nasdaq.com/articles/australias-south32-to-sell-manganese-alloy-smelter-temco-to-uks-gfg-alliance-2020-08-12	nan	nan	Aug 13 (Reuters) - Australian diversified miner South 32 Ltd S32.AX said on Thursday it would sell its entire stake in manganese alloy smelter Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance. GFG will acquire 100% of the shares in TEMCO for a nominal amount once approval is received from Australia's foreign investment review board, South 32 said in a statement, but did not elaborate on the financial details. South32, the world's largest producer of manganese ore, had been looking at selling or closing TEMCO, as falling prices of manganese due to the coronavirus crisis had lowered the smelter's economic viability. The miner in July had forecast an impairment charge of about $109 million in its full year 2020 financial results in consideration of its continuing review of its TEMCO and Metalloys smelters. TEMCO, located in Bell Bay, Tasmania, is run by the Samancor Manganese Joint Venture (JV), which is owned 60% by South32 and 40% by Anglo American Plc AAL.L. As a condition to the completion of the transaction, TEMCO and the Samancor Manganese JV entered into an agreement for the JV to supply ore to the smelter. "Today's agreement follows an extensive review of options regarding the future of our manganese alloy business," South32 Chief Executive Officer Graham Kerr said. "The transaction and our ongoing supply of ore to TEMCO will see the smelter...continue to operate into the future." The disposal transaction does not include the Samancor Manganese JV's South African manganese alloy smelter, Metalloys, which has separately been placed under care and maintenance, South32 said. (Reporting by Nikhil Subba in Bengaluru; Editing by Rashmi Aich) ((Nikhil.Subba@thomsonreuters.com; Reuters Messaging: Nikhil.Subba.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.	TEMCO, located in Bell Bay, Tasmania, is run by the Samancor Manganese Joint Venture (JV), which is owned 60% by South32 and 40% by Anglo American Plc AAL.L. Aug 13 (Reuters) - Australian diversified miner South 32 Ltd S32.AX said on Thursday it would sell its entire stake in manganese alloy smelter Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance. GFG will acquire 100% of the shares in TEMCO for a nominal amount once approval is received from Australia's foreign investment review board, South 32 said in a statement, but did not elaborate on the financial details.	TEMCO, located in Bell Bay, Tasmania, is run by the Samancor Manganese Joint Venture (JV), which is owned 60% by South32 and 40% by Anglo American Plc AAL.L. The miner in July had forecast an impairment charge of about $109 million in its full year 2020 financial results in consideration of its continuing review of its TEMCO and Metalloys smelters. As a condition to the completion of the transaction, TEMCO and the Samancor Manganese JV entered into an agreement for the JV to supply ore to the smelter.	TEMCO, located in Bell Bay, Tasmania, is run by the Samancor Manganese Joint Venture (JV), which is owned 60% by South32 and 40% by Anglo American Plc AAL.L. Aug 13 (Reuters) - Australian diversified miner South 32 Ltd S32.AX said on Thursday it would sell its entire stake in manganese alloy smelter Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance. As a condition to the completion of the transaction, TEMCO and the Samancor Manganese JV entered into an agreement for the JV to supply ore to the smelter.	TEMCO, located in Bell Bay, Tasmania, is run by the Samancor Manganese Joint Venture (JV), which is owned 60% by South32 and 40% by Anglo American Plc AAL.L. Aug 13 (Reuters) - Australian diversified miner South 32 Ltd S32.AX said on Thursday it would sell its entire stake in manganese alloy smelter Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance. GFG will acquire 100% of the shares in TEMCO for a nominal amount once approval is received from Australia's foreign investment review board, South 32 said in a statement, but did not elaborate on the financial details.
5418.0	2020-08-11 00:00:00 UTC	Tuesday's ETF with Unusual Volume: RPV	AAL	https://www.nasdaq.com/articles/tuesdays-etf-with-unusual-volume%3A-rpv-2020-08-11	nan	nan	The Invesco S&P 500— Pure Value ETF is seeing unusually high volume in afternoon trading Tuesday, with over 1.1 million shares traded versus three month average volume of about 294,000. Shares of RPV were up about 1.6% on the day. Components of that ETF with the highest volume on Tuesday were American Airlines Group, trading up about 2.7% with over 81.5 million shares changing hands so far this session, and Bank of America, up about 2.8% on volume of over 45.9 million shares. Norwegian Cruise Line Holdings is the component faring the best Tuesday, up by about 6.5% on the day, while Newmont is lagging other components of the Invesco S&P 500— Pure Value ETF, trading lower by about 5.6%. VIDEO: Tuesday's ETF with Unusual Volume: RPV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The Invesco S&P 500— Pure Value ETF is seeing unusually high volume in afternoon trading Tuesday, with over 1.1 million shares traded versus three month average volume of about 294,000. Components of that ETF with the highest volume on Tuesday were American Airlines Group, trading up about 2.7% with over 81.5 million shares changing hands so far this session, and Bank of America, up about 2.8% on volume of over 45.9 million shares. Norwegian Cruise Line Holdings is the component faring the best Tuesday, up by about 6.5% on the day, while Newmont is lagging other components of the Invesco S&P 500— Pure Value ETF, trading lower by about 5.6%.	The Invesco S&P 500— Pure Value ETF is seeing unusually high volume in afternoon trading Tuesday, with over 1.1 million shares traded versus three month average volume of about 294,000. Norwegian Cruise Line Holdings is the component faring the best Tuesday, up by about 6.5% on the day, while Newmont is lagging other components of the Invesco S&P 500— Pure Value ETF, trading lower by about 5.6%. VIDEO: Tuesday's ETF with Unusual Volume: RPV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The Invesco S&P 500— Pure Value ETF is seeing unusually high volume in afternoon trading Tuesday, with over 1.1 million shares traded versus three month average volume of about 294,000. Components of that ETF with the highest volume on Tuesday were American Airlines Group, trading up about 2.7% with over 81.5 million shares changing hands so far this session, and Bank of America, up about 2.8% on volume of over 45.9 million shares. Norwegian Cruise Line Holdings is the component faring the best Tuesday, up by about 6.5% on the day, while Newmont is lagging other components of the Invesco S&P 500— Pure Value ETF, trading lower by about 5.6%.	The Invesco S&P 500— Pure Value ETF is seeing unusually high volume in afternoon trading Tuesday, with over 1.1 million shares traded versus three month average volume of about 294,000. Shares of RPV were up about 1.6% on the day. Components of that ETF with the highest volume on Tuesday were American Airlines Group, trading up about 2.7% with over 81.5 million shares changing hands so far this session, and Bank of America, up about 2.8% on volume of over 45.9 million shares.
5419.0	2020-08-11 00:00:00 UTC	Pre-Market Most Active for Aug 11, 2020 : NIO, AAL, CCL, NCLH, SQQQ, INO, UAL, TTOO, DAL, KODK, QQQ, OXY	AAL	https://www.nasdaq.com/articles/pre-market-most-active-for-aug-11-2020-%3A-nio-aal-ccl-nclh-sqqq-ino-ual-ttoo-dal-kodk-qqq	nan	nan	The NASDAQ 100 Pre-Market Indicator is down -22.05 to 11,063.12. The total Pre-Market volume is currently 22,314,478 shares traded. The following are the most active stocks for the pre-market session: NIO Inc. (NIO) is +1.44 at $15.65, with 9,116,683 shares traded. GlobeNewswire Reports: NIO Inc. Reports Unaudited Second Quarter 2020 Financial Results American Airlines Group, Inc. (AAL) is +1.05 at $15.05, with 4,978,974 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 $-1.62. AAL's current last sale is 125.42% of the target price of $12. Carnival Corporation (CCL) is +1.0498 at $16.49, with 1,986,515 shares traded. CCL's current last sale is 103.06% of the target price of $16. Norwegian Cruise Line Holdings Ltd. (NCLH) is +1.2801 at $16.41, with 1,786,683 shares traded. NCLH's current last sale is 96.53% of the target price of $17. ProShares UltraPro Short QQQ (SQQQ) is +0.04 at $5.66, with 1,297,881 shares traded. This represents a 5.99% increase from its 52 Week Low. Inovio Pharmaceuticals, Inc. (INO) is -2.05 at $16.94, with 1,132,499 shares traded. INO's current last sale is 70.58% of the target price of $24. United Airlines Holdings, Inc. (UAL) is +2.39 at $39.93, with 1,047,674 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 $-7.32. UAL's current last sale is 90.75% of the target price of $44. T2 Biosystems, Inc. (TTOO) is +0.11 at $2.21, with 868,274 shares traded. GlobeNewswire Reports: T2 Biosystems Announces Withdrawal of Proxy Statement Proposal to Amend Its Certificate of Incorporation to Authorize a Possible Reverse Stock Split Delta Air Lines, Inc. (DAL) is +1.51 at $30.85, with 862,761 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 $-3.03. As reported by Zacks, the current mean recommendation for DAL is in the "buy range". Eastman Kodak Company (KODK) is +0.6698 at $11.40, with 855,236 shares traded. Invesco QQQ Trust, Series 1 (QQQ) is -0.51 at $269.80, with 725,110 shares traded. This represents a 63.58% increase from its 52 Week Low. Occidental Petroleum Corporation (OXY) is -0.15 at $16.33, with 629,290 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020. The consensus EPS forecast is $-0.52. OXY's current last sale is 85.95% of the target price of $19. 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 +1.05 at $15.05, with 4,978,974 shares traded. AAL's current last sale is 125.42% of the target price of $12. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021.	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 +1.05 at $15.05, with 4,978,974 shares traded. AAL's current last sale is 125.42% of the target price of $12.	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 +1.05 at $15.05, with 4,978,974 shares traded. AAL's current last sale is 125.42% of the target price of $12.	American Airlines Group, Inc. (AAL) is +1.05 at $15.05, with 4,978,974 shares traded. AAL's current last sale is 125.42% of the target price of $12. The NASDAQ 100 Pre-Market Indicator is down -22.05 to 11,063.12.
5420.0	2020-08-11 00:00:00 UTC	S&P 500 futures hit record high on stimulus bets	AAL	https://www.nasdaq.com/articles/sp-500-futures-hit-record-high-on-stimulus-bets-2020-08-11-0	nan	nan	By Medha Singh Aug 11 (Reuters) - Futures tracking the S&P 500 hit an all-time high on Tuesday, setting the benchmark index on track to open just about 0.5% below its peak, as investors bet on more federal measures to support the country's economy. Ultra-low interest rates, trillions of dollar in stimulus and, more recently, a better-than-feared second-quarter earnings season have fueled a rally in Wall Street's three main indexes. The tech-heavy Nasdaq .IXIC was the first among the three to bounce back from the coronavirus-induced crash in March, boosted by "stay-at-home winners" Amazon.com AMZN.O, Netflix Inc NFLX.O and Apple Inc AAPL.O. The blue-chip Dow .DJI is about 6% below its February peak. "You've got to admit that this is a market that wants to go up, despite tensions between U.S.-China, despite news of the coronavirus not being particularly encouraging," said Andrea Cicione, a strategist at TS Lombard. "We're facing an emergency from the health, economy and employment point of view — the outlook is a lot less rosy. There's a disconnect between valuation and the actual outlook even though lower rates to some degree justify high valuation." President Vladimir Putin said Russia had become the first country in the world to grant regulatory approval to a COVID-19 vaccine after less than two months of human testing. Investors are now hoping Republicans and Democrats will resolve their differences and agree on another relief program to support about 30 million unemployed Americans. The benchmark index is set to open about 12 points below its Feb. 19 record peak of 3,393.52. At 6:58 a.m. ET, S&P 500 e-minis EScv1 were up 20.25 points, or 0.6%, to 3,373, topping an all-time high of 3,372.25 last hit on Feb. 20. Dow e-minis 1YMcv1 were up 250 points, or 0.9%, and Nasdaq 100 e-minis NQcv1 were up 51.75 points, or 0.47%. Among early movers, Royal Caribbean Cruises Ltd RCL.N advanced 4.4% as it said testing for the coronavirus was very likely going to be a part of new safety measures planned to get its ships to resume sailing after months of being docked. Peers Norwegian Cruise Line Holdings Ltd NCLH.N and Carnival Corp CCL.N rose about 6% and 4%, respectively. No. 1 U.S. mall owner Simon Property Group SPG.N gained 2.3% despite posting disappointing second-quarter profit as its chief executive expressed some hope over a recovery in retail as lockdown measures in some regions eased. Airline stocks such as American Airlines Group AAL.O and United Airlines UAL.O rose for the second day after the Transportation Security Administration (TSA) on Monday flagged a pickup in the number of air travelers. (Reporting by Medha Singh and Ambar Warrick in Bengaluru, additional reporting by Sruthi Shankar; editing by Uttaresh.V) ((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130; 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.	Airline stocks such as American Airlines Group AAL.O and United Airlines UAL.O rose for the second day after the Transportation Security Administration (TSA) on Monday flagged a pickup in the number of air travelers. Ultra-low interest rates, trillions of dollar in stimulus and, more recently, a better-than-feared second-quarter earnings season have fueled a rally in Wall Street's three main indexes. Among early movers, Royal Caribbean Cruises Ltd RCL.N advanced 4.4% as it said testing for the coronavirus was very likely going to be a part of new safety measures planned to get its ships to resume sailing after months of being docked.	Airline stocks such as American Airlines Group AAL.O and United Airlines UAL.O rose for the second day after the Transportation Security Administration (TSA) on Monday flagged a pickup in the number of air travelers. By Medha Singh Aug 11 (Reuters) - Futures tracking the S&P 500 hit an all-time high on Tuesday, setting the benchmark index on track to open just about 0.5% below its peak, as investors bet on more federal measures to support the country's economy. The benchmark index is set to open about 12 points below its Feb. 19 record peak of 3,393.52.	Airline stocks such as American Airlines Group AAL.O and United Airlines UAL.O rose for the second day after the Transportation Security Administration (TSA) on Monday flagged a pickup in the number of air travelers. By Medha Singh Aug 11 (Reuters) - Futures tracking the S&P 500 hit an all-time high on Tuesday, setting the benchmark index on track to open just about 0.5% below its peak, as investors bet on more federal measures to support the country's economy. Dow e-minis 1YMcv1 were up 250 points, or 0.9%, and Nasdaq 100 e-minis NQcv1 were up 51.75 points, or 0.47%.	Airline stocks such as American Airlines Group AAL.O and United Airlines UAL.O rose for the second day after the Transportation Security Administration (TSA) on Monday flagged a pickup in the number of air travelers. Ultra-low interest rates, trillions of dollar in stimulus and, more recently, a better-than-feared second-quarter earnings season have fueled a rally in Wall Street's three main indexes. The benchmark index is set to open about 12 points below its Feb. 19 record peak of 3,393.52.
5421.0	2020-08-10 00:00:00 UTC	S&P 500 News: MGM, Royal Caribbean, United Leading Casino, Cruise, Airline Stocks Higher; Oxy Stock Down After Earnings	AAL	https://www.nasdaq.com/articles/sp-500-news%3A-mgm-royal-caribbean-united-leading-casino-cruise-airline-stocks-higher-oxy	nan	nan	The S&P 500 Index (SNPINDEX: ^GSPC) finished trading up 9 points, a gain of about 0.27%, on Aug. 10. But while the index itself was relatively flat, travel, hospitality, and casino stocks were absolutely booming today. Leading the bidding higher was MGM Resorts International (NYSE: MGM), up 13.8% on news that a big investor took a $1 billion stake in the casino and resort operator. Airline stocks also soared higher, with United Airlines (NASDAQ: UAL) shares rising the highest, up 9.4% following TSA's latest airport-screening counts over the weekend. Image source: Getty Images. Cruise-line stocks floated higher today as well, with Royal Caribbean (NYSE: RCL) shares leading the flotilla: It was up 10% after reporting earnings that seemed to give investors hope for the entire industry. Shares of troubled oil giant Occidental Petroleum (NYSE: OXY) also climbed today, up 6.7%, ahead of its second-quarter earnings report after market close. Media giant makes billion-dollar bet on casino industry Media giant IAC/Interactive (NASDAQ: IAC) just bought a 12% stake in MGM Resorts, sending MGM shares up sharply on the news. IAC's CEO and chairman wrote a joint letter disclosing the investment, in which they cited MGM's brand, physical presence, and online operations. Investors apparently saw the IAC investment as a positive for peers Wynn Resorts (NASDAQ: WYNN) and Las Vegas Sands (NYSE: LVS), sending their shares up 10% and 7.5% respectively. Earnings, positive travel news sending cruise-line and airline stocks higher The Transportation Security Administration gave investors reason to flock into airline stocks today, reporting that more than 800,000 travelers went through screening checkpoints on Sunday. This is the most travelers in a single day since March 17, and a massive jump from the low of 87,534 on April 14. Total travelers Friday through Sunday were just under 2.28 million. Investors acted quickly on the news, sending shares of every airline in the S&P 500 up at least 5%. United led the way, up 9.4%. Here's how its peers finished: Delta Air Lines (NYSE: DAL), up 8% American Airlines Group (NASDAQ: AAL), up 7.44% Alaska Air (NYSE: ALK), up 7.2% Southwest Airlines (NYSE: LUV), up 5.14% Boeing (NYSE: BA) shares gained 5.4% on the day, likely riding the tailwinds of higher traffic for commercial air travel, and hopes that demand for the still-grounded 737 MAX will recover more quickly than expected if air travel continues to bounce back. Yet even with the gains the TSA reported, investors should step lightly. Air travel over the weekend was still down 70% from the same weekend last year, and the industry remains in deep financial trouble. Cruise-line stocks surged today after Royal Caribbean's second-quarter earnings report and call. The cruise giant reported a much bigger loss than expected, $6.13 per share, and continues to burn more than $250 million in cash every month. But despite the mounting losses, investors seem to be paying attention to the surprising $176 million in revenue the company earned in the quarter. It looks like -- much as with the TSA traveler data -- investors are grabbing onto anything that offers hope of a recovery. In this case, it was higher-than-expected revenue, indicating there could be substantial pent-up demand for cruising once Royal Caribbean returns to the seas. And it wasn't just Royal Caribbean, either: Shares of Carnival Corp. (NYSE: CCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) also gained more than 8% following Royal Caribbean's earnings release. But it's not going to be only smooth sailing from here. The CDC (Centers for Disease Control) still has cruise ships on a "no sail" order, and it's possible that will be extended as the coronavirus pandemic worsens. The large operators have all managed to get significant cash reserves on their books, but at their current burn rates, they'll all have massive debt loads to deal with, even once the pandemic abates. Like a melting ice cube, their margin of safety gets a little smaller with each passing month, and the risk of permanent losses for investors grows bigger. Oxy earnings: Buy the rumor, sell the news? Occidental Petroleum shares gained nearly 7% during trading today as investors anticipated second-quarter earnings after the bell. However, once the release dropped, the after-hours sell-off started, with shares down about 5%. Why the big drop? In short, an expectedly ugly quarter. Oil demand and prices cratered in Q2, and Oxy lost $8.4 billion as a result. The bulk of those losses was $6.6 billion in impairments, largely reducing the value of oil and gas assets. The company said it lowered its cost structure by an expected $1.5 billion, but investors continue to focus on the biggest risk: debt. Oxy still has a substantial amount of debt coming due in the next couple of years, but limited access to capital. In June, the company sold $2 billion in bonds, all paying 8% or higher interest rates. Can the company cut and refinance its way out of a self-inflicted mess following the Anadarko acquisition? As it stands now, the cost is looking extremely high, and there's still a very real risk that bankruptcy may be the only way forward. Earnings ahead In a relatively quiet week, notable names set to announce quarterly results include food-service distribution giant Sysco (NYSE: SYY), reporting Aug. 11; networking and communications equipment maker Cisco Systems (NASDAQ: CSCO), reporting on Aug. 12; and luxury fashion retailer Tapestry (NYSE: TPR), reporting on Aug. 13. Check back here for a closer look when earnings are released. 10 stocks we like better than MGM Resorts International 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 MGM Resorts International wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Jason Hall owns shares of Southwest Airlines. The Motley Fool owns shares of and recommends Tapestry. The Motley Fool recommends Alaska Air Group, Carnival, 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.	Here's how its peers finished: Delta Air Lines (NYSE: DAL), up 8% American Airlines Group (NASDAQ: AAL), up 7.44% Alaska Air (NYSE: ALK), up 7.2% Southwest Airlines (NYSE: LUV), up 5.14% Boeing (NYSE: BA) shares gained 5.4% on the day, likely riding the tailwinds of higher traffic for commercial air travel, and hopes that demand for the still-grounded 737 MAX will recover more quickly than expected if air travel continues to bounce back. Cruise-line stocks floated higher today as well, with Royal Caribbean (NYSE: RCL) shares leading the flotilla: It was up 10% after reporting earnings that seemed to give investors hope for the entire industry. Shares of troubled oil giant Occidental Petroleum (NYSE: OXY) also climbed today, up 6.7%, ahead of its second-quarter earnings report after market close.	Here's how its peers finished: Delta Air Lines (NYSE: DAL), up 8% American Airlines Group (NASDAQ: AAL), up 7.44% Alaska Air (NYSE: ALK), up 7.2% Southwest Airlines (NYSE: LUV), up 5.14% Boeing (NYSE: BA) shares gained 5.4% on the day, likely riding the tailwinds of higher traffic for commercial air travel, and hopes that demand for the still-grounded 737 MAX will recover more quickly than expected if air travel continues to bounce back. Shares of troubled oil giant Occidental Petroleum (NYSE: OXY) also climbed today, up 6.7%, ahead of its second-quarter earnings report after market close. The Motley Fool recommends Alaska Air Group, Carnival, Delta Air Lines, and Southwest Airlines.	Here's how its peers finished: Delta Air Lines (NYSE: DAL), up 8% American Airlines Group (NASDAQ: AAL), up 7.44% Alaska Air (NYSE: ALK), up 7.2% Southwest Airlines (NYSE: LUV), up 5.14% Boeing (NYSE: BA) shares gained 5.4% on the day, likely riding the tailwinds of higher traffic for commercial air travel, and hopes that demand for the still-grounded 737 MAX will recover more quickly than expected if air travel continues to bounce back. Cruise-line stocks floated higher today as well, with Royal Caribbean (NYSE: RCL) shares leading the flotilla: It was up 10% after reporting earnings that seemed to give investors hope for the entire industry. Earnings, positive travel news sending cruise-line and airline stocks higher The Transportation Security Administration gave investors reason to flock into airline stocks today, reporting that more than 800,000 travelers went through screening checkpoints on Sunday.	Here's how its peers finished: Delta Air Lines (NYSE: DAL), up 8% American Airlines Group (NASDAQ: AAL), up 7.44% Alaska Air (NYSE: ALK), up 7.2% Southwest Airlines (NYSE: LUV), up 5.14% Boeing (NYSE: BA) shares gained 5.4% on the day, likely riding the tailwinds of higher traffic for commercial air travel, and hopes that demand for the still-grounded 737 MAX will recover more quickly than expected if air travel continues to bounce back. Leading the bidding higher was MGM Resorts International (NYSE: MGM), up 13.8% on news that a big investor took a $1 billion stake in the casino and resort operator. Cruise-line stocks floated higher today as well, with Royal Caribbean (NYSE: RCL) shares leading the flotilla: It was up 10% after reporting earnings that seemed to give investors hope for the entire industry.
5422.0	2020-08-10 00:00:00 UTC	Dow Jones Leads Stock Market Up; Cruise Shares, Airlines Soar	AAL	https://www.nasdaq.com/articles/dow-jones-leads-stock-market-up-cruise-shares-airlines-soar-2020-08-10	nan	nan	Monday was another tale of two stock markets. The Dow Jones Industrial Average (DJINDICES: ^DJI) soared on strength in key industrial, consumer goods, and energy stocks, but losses in the Nasdaq Composite held back the broader market. The S&P 500 (SNPINDEX: ^GSPC) posted a modest rise to start the week. Today's stock market INDEX PERCENTAGE CHANGE (DECLINE) POINT CHANGE Dow +1.30% +358 S&P 500 +0.27% +9 Nasdaq Composite (0.39%) (43) Data source: Yahoo! Finance. Travel stocks were broadly higher on Monday, with big gains for airlines and cruise stocks. Signs that travelers are starting to get out once again are resonating with shareholders, although it's far too early to be certain about whether the coronavirus pandemic has truly reached its height. Cruising higher Cruise line operators saw significant gains on Monday. Royal Caribbean (NYSE: RCL) led the way up with a 10% rise, followed by a 9% jump from Carnival (NYSE: CCL) and gains of 8% at Norwegian Cruise Line Holdings (NYSE: NCLH). Royal Caribbean got things started with a second-quarter earnings report that gave some investors hope. The main bottom-line number was ugly, with losses of $6.13 per share coming in far worse than most had expected. But revenue was more than triple what most analysts had looked to see. Lifting the top line were some deferred sales from one of its luxury business units, which only includes results after a three-month delay. It's unclear whether expectations took those numbers into account. Image source: Getty Images. Cruise stocks still face huge challenges. Sailings aren't likely to start before November at the earliest, and a potential second wave of COVID-19 cases could cause further delays. It's also unclear how far companies like Norwegian, Carnival, and Royal Caribbean have gotten in developing plans that will satisfy government officials at the U.S. Centers for Disease Control and Prevention and its counterparts overseas. Until things get clearer, shareholders in cruise stocks will have to get used to severe volatility. Returning to the sky Elsewhere in travel, airline stocks also gained altitude. United Airlines Holdings (NASDAQ: UAL) led major carriers with a 9% rise, while Delta Air Lines (NYSE: DAL) weighed in with an 8% gain. American Airlines Group (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV) participated as well, posting advances of 7% and 5%, respectively. Smaller carriers showed similar increases, with JetBlue Airways (NASDAQ: JBLU) notably leading the way upward. Airlines are rising because of the latest figures from the Transportation Security Administration. More than 830,000 people came through TSA checkpoints on Sunday, Aug. 9. That's the highest number since March 17 and has many analysts concluding that attitudes toward air travel in the U.S. are starting to return more toward normal conditions. The problem here is that those traffic figures are still far below pre-pandemic levels. In the meantime, a Sept. 30 deadline looms large in the industry, as airlines will have the ability to start implementing layoffs if federal efforts to extend payroll funding don't bear fruit by then. Although a smaller labor force is likely the long-term answer for many carriers, the impact on the broader economy would be large enough to give lawmakers and industry officials pause. Everyone is anxious to put COVID-19 behind us, but unrealistic expectations about a recovery could prove to be counterproductive. Investors need to be careful about irrational optimism in the absence of evidence that things are in fact under control. If conditions get worse again, airline stocks could be the first to feel the negative effects. 10 stocks we like better than Royal Caribbean 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 Royal Caribbean wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends Carnival, Delta Air Lines, JetBlue Airways, and Southwest Airlines. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	American Airlines Group (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV) participated as well, posting advances of 7% and 5%, respectively. It's also unclear how far companies like Norwegian, Carnival, and Royal Caribbean have gotten in developing plans that will satisfy government officials at the U.S. Centers for Disease Control and Prevention and its counterparts overseas. United Airlines Holdings (NASDAQ: UAL) led major carriers with a 9% rise, while Delta Air Lines (NYSE: DAL) weighed in with an 8% gain.	American Airlines Group (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV) participated as well, posting advances of 7% and 5%, respectively. Royal Caribbean (NYSE: RCL) led the way up with a 10% rise, followed by a 9% jump from Carnival (NYSE: CCL) and gains of 8% at Norwegian Cruise Line Holdings (NYSE: NCLH). United Airlines Holdings (NASDAQ: UAL) led major carriers with a 9% rise, while Delta Air Lines (NYSE: DAL) weighed in with an 8% gain.	American Airlines Group (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV) participated as well, posting advances of 7% and 5%, respectively. The Dow Jones Industrial Average (DJINDICES: ^DJI) soared on strength in key industrial, consumer goods, and energy stocks, but losses in the Nasdaq Composite held back the broader market. Travel stocks were broadly higher on Monday, with big gains for airlines and cruise stocks.	American Airlines Group (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV) participated as well, posting advances of 7% and 5%, respectively. Travel stocks were broadly higher on Monday, with big gains for airlines and cruise stocks. It's unclear whether expectations took those numbers into account.
5423.0	2020-08-10 00:00:00 UTC	Why Airline Stocks Are Soaring Today	AAL	https://www.nasdaq.com/articles/why-airline-stocks-are-soaring-today-2020-08-10	nan	nan	What happened Americans returned to the skies this weekend, and that's causing airline stocks to take off. Shares of American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), and Alaska Air Group (NYSE: ALK) all traded up more than 6% as of 12:30 EDT Monday, with shares of JetBlue Airways (NASDAQ: JBLU), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all up 4% or more. Allegiant Travel (NASDAQ: ALGT) is the laggard in the sector today, but at up 3.6%, it is still easily outperforming the broader markets. Image source: Getty Images. So what The airlines have been dealing with meager demand since the start of the COVID-19 pandemic. Second-quarter revenue for the sector came in down 80% or more year over year, and with new cases spiking in certain parts of the U.S., there isn't much clarity on when demand might return. Given the uncertainty, investors are keeping a close eye on day-to-day demand in hopes of spotting the early stages of a recovery. Those watching got good news on Monday morning when the Transportation Security Administration reported that 831,789 travelers were screened at airports on Sunday, the highest total since March 17. BREAKING NEWS: @TSA throughput on Sunday, Aug. 9 topped 800,000 for the first time since March 17 when TSA officers screened 831,789 people. On Saturday, Aug. 8, they screened 683,212 people and on Friday, Aug. 7, they screened 762,547 individuals at checkpoints nationwide. — Lisa Farbstein, (formerly known as TSAmedia_LisaF) (@TSA_Northeast) August 10, 2020	Shares of American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), and Alaska Air Group (NYSE: ALK) all traded up more than 6% as of 12:30 EDT Monday, with shares of JetBlue Airways (NASDAQ: JBLU), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all up 4% or more. Allegiant Travel (NASDAQ: ALGT) is the laggard in the sector today, but at up 3.6%, it is still easily outperforming the broader markets. Given the uncertainty, investors are keeping a close eye on day-to-day demand in hopes of spotting the early stages of a recovery.	Shares of American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), and Alaska Air Group (NYSE: ALK) all traded up more than 6% as of 12:30 EDT Monday, with shares of JetBlue Airways (NASDAQ: JBLU), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all up 4% or more. What happened Americans returned to the skies this weekend, and that's causing airline stocks to take off. BREAKING NEWS: @TSA throughput on Sunday, Aug. 9 topped 800,000 for the first time since March 17 when TSA officers screened 831,789 people.	Shares of American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), and Alaska Air Group (NYSE: ALK) all traded up more than 6% as of 12:30 EDT Monday, with shares of JetBlue Airways (NASDAQ: JBLU), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all up 4% or more. Those watching got good news on Monday morning when the Transportation Security Administration reported that 831,789 travelers were screened at airports on Sunday, the highest total since March 17. BREAKING NEWS: @TSA throughput on Sunday, Aug. 9 topped 800,000 for the first time since March 17 when TSA officers screened 831,789 people.	Shares of American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), and Alaska Air Group (NYSE: ALK) all traded up more than 6% as of 12:30 EDT Monday, with shares of JetBlue Airways (NASDAQ: JBLU), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all up 4% or more. What happened Americans returned to the skies this weekend, and that's causing airline stocks to take off. BREAKING NEWS: @TSA throughput on Sunday, Aug. 9 topped 800,000 for the first time since March 17 when TSA officers screened 831,789 people.
5424.0	2020-08-10 00:00:00 UTC	Airline shares rise as U.S. TSA screening numbers increase	AAL	https://www.nasdaq.com/articles/airline-shares-rise-as-u.s.-tsa-screening-numbers-increase-2020-08-10	nan	nan	By David Shepardson WASHINGTON, Aug 10 (Reuters) - Shares in major U.S. airlines rose on Monday after the Transportation Security Administration (TSA) said it screened more than 800,000 people at U.S. airport checkpoints on Sunday for the first time since March 17. TSA said it had screened 831,789 people on Sunday, which was still down about 70% over the prior year when about 2.5 million people were screened. American Airlines Group AAL.O shares jumped 8.2% in midday trading, while United Airlines UAL.O shares rose 7.2%, Delta Air Lines DAL.N was up 6.9% and Southwest Airlines rose 4.7%. The largest 20 U.S. airlines carried 16.3 million passengers in June -- an 80% decline over the same month last year -- but nearly twice as many as May. The coronavirus pandemic has slashed U.S. airline passenger demand, but it has rebounded from historic lows in April, when just 3 million passengers traveled. As the virus has accelerated over the last month, airline executives have warned that demand that had shown signs of recovering could stall again, threatening jobs. Between American Airlines and United Airlines, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1. (Reporting by David Shepardson, Editing by Franklin Paul and Jonathan Oatis) ((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 Group AAL.O shares jumped 8.2% in midday trading, while United Airlines UAL.O shares rose 7.2%, Delta Air Lines DAL.N was up 6.9% and Southwest Airlines rose 4.7%. By David Shepardson WASHINGTON, Aug 10 (Reuters) - Shares in major U.S. airlines rose on Monday after the Transportation Security Administration (TSA) said it screened more than 800,000 people at U.S. airport checkpoints on Sunday for the first time since March 17. The largest 20 U.S. airlines carried 16.3 million passengers in June -- an 80% decline over the same month last year -- but nearly twice as many as May.	American Airlines Group AAL.O shares jumped 8.2% in midday trading, while United Airlines UAL.O shares rose 7.2%, Delta Air Lines DAL.N was up 6.9% and Southwest Airlines rose 4.7%. The coronavirus pandemic has slashed U.S. airline passenger demand, but it has rebounded from historic lows in April, when just 3 million passengers traveled. Between American Airlines and United Airlines, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1.	American Airlines Group AAL.O shares jumped 8.2% in midday trading, while United Airlines UAL.O shares rose 7.2%, Delta Air Lines DAL.N was up 6.9% and Southwest Airlines rose 4.7%. By David Shepardson WASHINGTON, Aug 10 (Reuters) - Shares in major U.S. airlines rose on Monday after the Transportation Security Administration (TSA) said it screened more than 800,000 people at U.S. airport checkpoints on Sunday for the first time since March 17. Between American Airlines and United Airlines, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1.	American Airlines Group AAL.O shares jumped 8.2% in midday trading, while United Airlines UAL.O shares rose 7.2%, Delta Air Lines DAL.N was up 6.9% and Southwest Airlines rose 4.7%. By David Shepardson WASHINGTON, Aug 10 (Reuters) - Shares in major U.S. airlines rose on Monday after the Transportation Security Administration (TSA) said it screened more than 800,000 people at U.S. airport checkpoints on Sunday for the first time since March 17. The largest 20 U.S. airlines carried 16.3 million passengers in June -- an 80% decline over the same month last year -- but nearly twice as many as May.
5425.0	2020-08-10 00:00:00 UTC	Pre-Market Most Active for Aug 10, 2020 : MCRB, KODK, BMY~, NIO, AAL, TWTR, AAPL, RKT, SQQQ, DOYU, OMER, JMIA	AAL	https://www.nasdaq.com/articles/pre-market-most-active-for-aug-10-2020-%3A-mcrb-kodk-bmy-nio-aal-twtr-aapl-rkt-sqqq-doyu	nan	nan	The NASDAQ 100 Pre-Market Indicator is up 14.36 to 11,153.75. The total Pre-Market volume is currently 17,890,397 shares traded. The following are the most active stocks for the pre-market session: Seres Therapeutics, Inc. (MCRB) is +11.96 at $16.60, with 7,280,408 shares traded. As reported in the last short interest update the days to cover for MCRB is 7.593035; this calculation is based on the average trading volume of the stock. Eastman Kodak Company (KODK) is -5.92 at $8.96, with 3,153,559 shares traded. Bristol-Myers Squibb Company (BMY~) is -0.05 at $3.50, with 1,311,430 shares traded. NIO Inc. (NIO) is +0.41 at $13.83, with 1,099,827 shares traded.NIO is scheduled to provide an earnings report on 8/11/2020, for the fiscal quarter ending Jun2020. The consensus earnings per share forecast is -0.35 per share, which represents a -45 percent increase over the EPS one Year Ago American Airlines Group, Inc. (AAL) is +0.2402 at $13.27, with 711,717 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 $-1.62. AAL's current last sale is 110.59% of the target price of $12. Twitter, Inc. (TWTR) is +0.86 at $38.00, with 670,981 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 $-0.09. TWTR's current last sale is 105.56% of the target price of $36. Apple Inc. (AAPL) is +5.75 at $450.20, with 458,863 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 $2.73. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Rocket Companies, Inc. (RKT) is -0.15 at $24.75, with 447,920 shares traded., following a 52-week high recorded in prior regular session. ProShares UltraPro Short QQQ (SQQQ) is unchanged at $5.54, with 390,077 shares traded. This represents a 3.75% increase from its 52 Week Low. DouYu International Holdings Limited (DOYU) is +1.48 at $16.75, with 367,052 shares traded. PR Newswire Reports: Huya Announces Receipt of Preliminary Non-Binding Proposal from Tencent Omeros Corporation (OMER) is +7.87 at $22.00, with 359,820 shares traded.OMER is scheduled to provide an earnings report on 8/13/2020, for the fiscal quarter ending Jun2020. The consensus earnings per share forecast is -0.54 per share, which represents a -29 percent increase over the EPS one Year Ago Jumia Technologies AG (JMIA) is +1.59 at $20.85, with 353,062 shares traded.JMIA is scheduled to provide an earnings report on 8/12/2020, for the fiscal quarter ending Jun2020. The consensus earnings per share forecast is -0.6 per share, which represents a 99,900 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 +0.2402 at $13.27, with 711,717 shares traded. AAL's current last sale is 110.59% of the target price of $12. As reported in the last short interest update the days to cover for MCRB is 7.593035; this calculation is based on the average trading volume of the stock.	American Airlines Group, Inc. (AAL) is +0.2402 at $13.27, with 711,717 shares traded. AAL's current last sale is 110.59% of the target price of $12. The consensus earnings per share forecast is -0.35 per share, which represents a -45 percent increase over the EPS one Year Ago	American Airlines Group, Inc. (AAL) is +0.2402 at $13.27, with 711,717 shares traded. AAL's current last sale is 110.59% of the target price of $12. The consensus earnings per share forecast is -0.35 per share, which represents a -45 percent increase over the EPS one Year Ago	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 +0.2402 at $13.27, with 711,717 shares traded. AAL's current last sale is 110.59% of the target price of $12.
5426.0	2020-08-08 00:00:00 UTC	A Payroll Support Extension for Airlines Seems Increasingly Likely	AAL	https://www.nasdaq.com/articles/a-payroll-support-extension-for-airlines-seems-increasingly-likely-2020-08-08	nan	nan	The last five months have been hard for airlines like American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and United Airlines (NASDAQ: UAL). These carriers (and their smaller peers) have reported enormous losses, as the COVID-19 pandemic has crushed air travel demand. The damage would have been far worse but for the Payroll Support Program (PSP) included in the CARES Act relief legislation. The PSP is covering the majority of airlines' labor costs for the second and third quarters. That said, airlines and their employees were facing a "Black Thursday" of mass layoffs and furloughs on Oct. 1, as air travel remains severely depressed. However, it now seems likely that they will see another six-month reprieve, due to growing bipartisan support for a PSP extension. The origin of the payroll support program The COVID-19 pandemic hit the U.S. in earnest in March. As the month progressed, daily case reports surged from dozens to hundreds to thousands to tens of thousands. This sparked a rapid collapse in air travel demand. On March 1, TSA passenger screenings were within 1% of 2019 levels. By March 31, the TSA was reporting a 93% year-over-year plunge in throughput. With bookings falling to near zero and customers canceling existing travel plans, American, Delta, and United each experienced daily cash burn of $100 million or more in late March and early April. Barring government intervention, every U.S. airline would have had to furlough a substantial portion of its workforce -- and possibly even shut down temporarily, as numerous foreign airlines did. This could have compromised the industry's ability to restart itself when demand returned. Image source: American Airlines. The purpose of the PSP was to avert this problem. The federal government agreed to provide $25 billion of payroll funding for major airlines: enough to cover the vast majority of their labor costs. Approximately 70% of the funding consisted of outright grants, with the rest coming in the form of low-interest loans. In return, the airlines agreed (among other things) not to implement any involuntary layoffs or furloughs until at least Oct. 1. The goal was to provide a bridge over the worst part of the pandemic, so that airlines wouldn't furlough workers in April only to find themselves short-staffed in July or August. Implicit in the program's six-month duration was the belief that the U.S. would get the pandemic mostly under control by the summer or fall. Unfortunately, that assumption wasn't borne out. After briefly receding during May, the rate of new COVID-19 cases surged beginning in mid-June. That halted the nascent air travel recovery by the beginning of July, as United Airlines reported a month ago. In recent days, TSA throughput has averaged just 27% of year-ago levels. Congress considers an extension Perhaps sensing that the demand recovery was at risk of petering out, six major airline unions banded together in late June to call on Congress to extend the PSP until March 31, 2021. Whereas airlines lobbied hard for the initial PSP funding in March, these unions have taken the lead this time around (although American, Delta, Southwest, and United all support a PSP extension). Image source: Southwest Airlines. The unions' lobbying efforts appear to be paying off. In late July, more than 200, mainly Democratic, members of the House of Representatives -- representing a slight majority of the chamber -- sent a letter to Congressional leaders urging them to extend the PSP to the end of March. This Wednesday, 16 Republican senators wrote a similar letter to Senate leaders, calling for a "clean" extension of payroll support. President Trump has also signaled his support for a PSP extension to help airlines. With such broad bipartisan support, it seems quite likely that the PSP will be extended in the next round of COVID-19 relief legislation. Whether this is the best use of taxpayers' funds is far from clear. To a large extent, it may depend on when an effective COVID-19 vaccine becomes widely available. If vaccines hit the market in early 2021, air travel demand may improve enough by the spring for airlines to avoid mass layoffs and furloughs. If the timetable for vaccines is significantly longer, a PSP extension might only kick the can down the road, postponing furloughs by six months but not averting them. Great news for airlines if it happens Regardless of the public-policy merits, a PSP extension would be great news for airlines. It would be particularly welcome news for full-service airlines like American Airlines and United Airlines that have weak balance sheets and are heavily dependent on business travel that will likely be slow to return. Indeed, if the PSP continues with the same terms through next March, many airlines may be able to break even over the next few quarters. Whereas PSP funds only partially offset airlines' cash burn this spring -- during the peak of the pandemic -- every major airline has significantly reduced its cash burn since then as ticket sales have started to outpace refunds. Six additional months of payroll support will put airlines in a much-better position to participate in the eventual economic recovery from the COVID-19 pandemic. 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 June 2, 2020 Adam Levine-Weinberg owns shares of Delta Air Lines and Southwest Airlines. The Motley Fool recommends Delta Air Lines and Southwest Airlines. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The last five months have been hard for airlines like American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and United Airlines (NASDAQ: UAL). With bookings falling to near zero and customers canceling existing travel plans, American, Delta, and United each experienced daily cash burn of $100 million or more in late March and early April. The goal was to provide a bridge over the worst part of the pandemic, so that airlines wouldn't furlough workers in April only to find themselves short-staffed in July or August.	The last five months have been hard for airlines like American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and United Airlines (NASDAQ: UAL). The federal government agreed to provide $25 billion of payroll funding for major airlines: enough to cover the vast majority of their labor costs. That halted the nascent air travel recovery by the beginning of July, as United Airlines reported a month ago.	The last five months have been hard for airlines like American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and United Airlines (NASDAQ: UAL). Whereas airlines lobbied hard for the initial PSP funding in March, these unions have taken the lead this time around (although American, Delta, Southwest, and United all support a PSP extension). It would be particularly welcome news for full-service airlines like American Airlines and United Airlines that have weak balance sheets and are heavily dependent on business travel that will likely be slow to return.	The last five months have been hard for airlines like American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and United Airlines (NASDAQ: UAL). That halted the nascent air travel recovery by the beginning of July, as United Airlines reported a month ago. Whereas airlines lobbied hard for the initial PSP funding in March, these unions have taken the lead this time around (although American, Delta, Southwest, and United all support a PSP extension).
5427.0	2020-08-07 00:00:00 UTC	Charts Say to Avoid American Airlines for Now	AAL	https://www.nasdaq.com/articles/charts-say-to-avoid-american-airlines-for-now-2020-08-07	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) has been one of the more volatile names for the airline industry. Like most, AAL stock was hammered from its 2020 highs, but it led a jaw-dropping rebound from the March lows. Since then, shares have settled down quite a bit as investors have refocused on reality. Source: GagliardiPhotography / Shutterstock.com That reality is, multiple airlines have reported earnings now – including American – and management is telling us that the rebound is stalling. Why? Because novel coronavirus cases are back on the rise. As cases rise, travel trends are plateauing. What once appeared to be a strong and vibrant rebound in travel – for better or for worse – now has waning momentum. Of course, that’s not too surprising, but to hear it from management draws concern. For AAL stock, that’s bad news. Breaking Down American Airlines American Airlines reported earnings in late July and the results were not very good. On the plus side, that didn’t really take investors by surprise, as it was pretty clear that Q2 was going to be horrendous for the airlines. The company actually beat on top- and bottom-line expectations, but boy was it ugly. In the report, management talked about ample liquidity, which sat at $10 billion at the end of the quarter. Cash-burn had averaged $55 million a day in the quarter, but was down to $30 million in the month of June. 7 Travel Stocks to Buy Banking On Pent-Up Demand This was the concern though, (bold emphasis added): “Passenger demand and load factors have improved since bottoming out in April, but continue to be significantly below 2019 levels. While May and June revenue trends were encouraging, demand has weakened somewhat during July as COVID-19 cases have increased and new travel restrictions have been put into place.” Click to Enlarge We have now heard that from multiple management teams, including United Airlines (NASDAQ:UAL) and Spirit Airlines (NYSE:SAVE). Delta Air Lines (NYSE:DAL) CEO said it will be a couple of years before we see a sustainable recovery. If comments from management aren’t enough proof, check out the chart of TSA traffic. While it shows a pretty steady recovery from the lows, it has really leveled off in the month of July. That’s not good for the industry, whether we’re talking about the best players or the worst. On that note, while American is trying its hardest, it doesn’t have the same strength as some of the other airlines. Spirit Airlines has cut down its cash burn the most and should be the quickest to turn profitable in the industry. Southwest Airlines (NYSE:LUV) has the best balance sheet in the group. Trading AAL Stock Click to Enlarge Source: Chart courtesy of StockCharts.com Though I said the charts are keeping me out of this one, the reality is everything is keeping me out. But the charts are the main one. That is, unless it can gain some upside momentum. Currently, AAL stock is below all of its major moving averages, while the 20-day moving average continues to act as resistance. Multiple times over the last month, shares tested up into this level, only to be rejected. Put simply, American Airlines stock is having trouble getting off the mat, let alone dancing in the ring. But there are some signs of hope. Support at $11 continues to hold, while shares look like they want to break over resistance. Bears will say the stock looks like it wants to break down though, as a descending triangle takes hold. If AAL stock closes above the 20-day moving average, look for a possible run to the 50-day. Above that puts the July high in play at $14.29. On the flip side, if American can’t close above the 20-day, we have to watch for a break of $11. In that case it could put the $9 to $10 area in play and possibly a retest of the May low. At a time where the broader market continues to chug higher, there’s no other way to say it: The charts do not indicate AAL stock is a buy at the moment, nor do its fundamentals. Let’s wait for more clarity on the technicals. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. The post Charts Say to Avoid American Airlines for Now 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.	At a time where the broader market continues to chug higher, there’s no other way to say it: The charts do not indicate AAL stock is a buy at the moment, nor do its fundamentals. InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) has been one of the more volatile names for the airline industry. Like most, AAL stock was hammered from its 2020 highs, but it led a jaw-dropping rebound from the March lows.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) has been one of the more volatile names for the airline industry. Like most, AAL stock was hammered from its 2020 highs, but it led a jaw-dropping rebound from the March lows. For AAL stock, that’s bad news.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) has been one of the more volatile names for the airline industry. Like most, AAL stock was hammered from its 2020 highs, but it led a jaw-dropping rebound from the March lows. For AAL stock, that’s bad news.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) has been one of the more volatile names for the airline industry. Like most, AAL stock was hammered from its 2020 highs, but it led a jaw-dropping rebound from the March lows. For AAL stock, that’s bad news.
5428.0	2020-08-07 00:00:00 UTC	Delta Air Lines Stock Could Benefit From Virgin Atlantic’s Bankruptcy	AAL	https://www.nasdaq.com/articles/delta-air-lines-stock-could-benefit-from-virgin-atlantics-bankruptcy-2020-08-07	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips The novel coronavirus pandemic has had a crushing impact on the airline industry. Already in 2020, there have been multiple bankruptcies in the sector, including LATAM, RavnAir, Flybe and Virgin Australia. The latest victim is Virgin Atlantic, which filed for bankruptcy protection on Aug. 4. Virgin’s bankruptcy is different, though, because Delta Air Lines (NYSE:DAL) has a 49% stake in it. The move actually resulted in DAL stock popping 1.8% on the day. Virgin Atlantic Declares Bankruptcy Source: Markus Mainka / Shutterstock.com The reservations of U.K.-based Virgin Atlantic have plunged by 89% so far in 2020. In the second half of the year, demand has been just 25% of 2019 levels. The airline flies international routes exclusively, which makes it especially vulnerable to the pandemic’s travel restrictions. Virgin Atlantic received $1.57 billion as part of a rescue package that was approved in July by its shareholders, including Delta. While Delta would not have contributed additional funding under the deal, it did agree to defer payments owed by Virgin Atlantic. That funding was supposed to have carried the airline through its next 18 months of operation. On Aug. 4, Virgin Atlantic filed for Chapter 15 bankruptcy protection in U.S. courts. The move will provide relief from creditors while the airline restructures. DAL stock closed up 1.8% on the news. 8 5G Stocks to Get Rich Off Our Information Addiction How is Delta Performing Compared to Other Airlines? We are reaching the point in this crisis where winners and losers in the airline industry are beginning to become clear. The visible losers, of course, are the dozens of smaller regional and international airlines — including Virgin Atlantic — that have been forced into bankruptcy. Investors in the big four airlines have been feeling the pain as well. They are all bleeding cash. In the first quarter, Delta was burning $100 million per day. When it released its Q2 results in July, Delta said that by June it had reduced its daily cash burn to $27 million. DAL stock is down 54% so far in 2020, but it is up over 50% from its 52-week low of $17.50. United Airlines (NASDAQ:UAL) is down 61% this year, but it is up over 80% from its 2020 low. Southwest Airlines (NYSE:LUV) has taken a 39% hit so far in 2020, but it has bounced back nearly 50% from its low point. The Bottom Line on DAL Stock Is the worst over for Delta? The Virgin Atlantic bankruptcy doesn’t look good on the surface,. However, if the firm’s bankruptcy application is approved, it will help to protect Delta’s investment in the airline. The next hurdle will be when the government’s funding runs out at the end of September and forces airlines to carry out layoffs. And unless the U.S. can get the pandemic under control, international travel is going to be a non-starter this year. Airlines are a risky bet in 2020, especially with the termination of government support looming. How will the market react to the fallout from layoffs? The reality of the situation may hurt the already fragile airline stocks. On the other hand, InvestorPlace contributor Nicolas Chahine argues that the worst is over for the sector. He makes the point that the Big Four airlines have secured enough credit to keep flying for many months, even if passengers are slow to return. He also contends that three of the stock in the group, including Delta, are buys for long-term growth investors. Other analysts agree with that take. Those polled by CNN Money have an average rating of “buy” on DAL stock. Their median 12-month price target of $35.50 is over 30% above the current share price. If the recovery trend continues, Delta will be a bargain at its current levels. As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. The post Delta Air Lines Stock Could Benefit From Virgin Atlantic’s Bankruptcy 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.	Virgin Atlantic received $1.57 billion as part of a rescue package that was approved in July by its shareholders, including Delta. The visible losers, of course, are the dozens of smaller regional and international airlines — including Virgin Atlantic — that have been forced into bankruptcy. He makes the point that the Big Four airlines have secured enough credit to keep flying for many months, even if passengers are slow to return.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips The novel coronavirus pandemic has had a crushing impact on the airline industry. Virgin’s bankruptcy is different, though, because Delta Air Lines (NYSE:DAL) has a 49% stake in it. The visible losers, of course, are the dozens of smaller regional and international airlines — including Virgin Atlantic — that have been forced into bankruptcy.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips The novel coronavirus pandemic has had a crushing impact on the airline industry. The visible losers, of course, are the dozens of smaller regional and international airlines — including Virgin Atlantic — that have been forced into bankruptcy. The post Delta Air Lines Stock Could Benefit From Virgin Atlantic’s Bankruptcy appeared first on InvestorPlace.	The move actually resulted in DAL stock popping 1.8% on the day. The visible losers, of course, are the dozens of smaller regional and international airlines — including Virgin Atlantic — that have been forced into bankruptcy. United Airlines (NASDAQ:UAL) is down 61% this year, but it is up over 80% from its 2020 low.
5429.0	2020-08-07 00:00:00 UTC	Pre-Market Most Active for Aug 7, 2020 : RKT, CNDT, SQQQ, ANPC, NIO, ABUS, AAL, TRUE, BABA, UBER, SPAQ, CCL	AAL	https://www.nasdaq.com/articles/pre-market-most-active-for-aug-7-2020-%3A-rkt-cndt-sqqq-anpc-nio-abus-aal-true-baba-uber	nan	nan	The NASDAQ 100 Pre-Market Indicator is down -31.45 to 11,235.63. The total Pre-Market volume is currently 20,521,553 shares traded. The following are the most active stocks for the pre-market session: Rocket Companies, Inc. (RKT) is +2.79 at $24.30, with 3,471,576 shares traded. Conduent Incorporated (CNDT) is +1.8 at $4.06, with 2,917,109 shares traded. CNDT's current last sale is 135.33% of the target price of $3. ProShares UltraPro Short QQQ (SQQQ) is +0.05 at $5.41, with 2,430,893 shares traded., following a 52-week high recorded in prior regular session. AnPac Bio-Medical Science Co., Ltd. (ANPC) is +5.81 at $11.30, with 1,952,802 shares traded. NIO Inc. (NIO) is -0.2599 at $13.58, with 1,491,015 shares traded.NIO is scheduled to provide an earnings report on 8/11/2020, for the fiscal quarter ending Jun2020. The consensus earnings per share forecast is -0.35 per share, which represents a -45 percent increase over the EPS one Year Ago Arbutus Biopharma Corporation (ABUS) is -0.34 at $4.03, with 926,288 shares traded. GlobeNewswire Reports: Arbutus Reports Second Quarter 2020 Financial Results and Provides Corporate Update American Airlines Group, Inc. (AAL) is -0.19 at $12.85, with 660,747 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 $-1.62. AAL's current last sale is 107.08% of the target price of $12. TrueCar, Inc. (TRUE) is +1.53 at $5.82, with 482,779 shares traded. As reported in the last short interest update the days to cover for TRUE is 14.365711; this calculation is based on the average trading volume of the stock. Alibaba Group Holding Limited (BABA) is -7.63 at $258.05, with 437,659 shares traded. BABA's current last sale is 93.84% of the target price of $275. Uber Technologies, Inc. (UBER) is -1.36 at $33.35, with 347,984 shares traded. As reported by Zacks, the current mean recommendation for UBER is in the "buy range". Spartan Energy Acquisition Corp (SPAQ) is +0.47 at $12.84, with 237,983 shares traded. Carnival Corporation (CCL) is -0.2 at $13.58, with 230,416 shares traded. CCL's current last sale is 84.88% of the target price of $16. 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 -0.19 at $12.85, with 660,747 shares traded. AAL's current last sale is 107.08% of the target price of $12. ProShares UltraPro Short QQQ (SQQQ) is +0.05 at $5.41, with 2,430,893 shares traded., following a 52-week high recorded in prior regular session.	American Airlines Group, Inc. (AAL) is -0.19 at $12.85, with 660,747 shares traded. AAL's current last sale is 107.08% of the target price of $12. The total Pre-Market volume is currently 20,521,553 shares traded.	American Airlines Group, Inc. (AAL) is -0.19 at $12.85, with 660,747 shares traded. AAL's current last sale is 107.08% of the target price of $12. The total Pre-Market volume is currently 20,521,553 shares traded.	American Airlines Group, Inc. (AAL) is -0.19 at $12.85, with 660,747 shares traded. AAL's current last sale is 107.08% of the target price of $12. The following are the most active stocks for the pre-market session:
5430.0	2020-08-06 00:00:00 UTC	After Hours Most Active for Aug 6, 2020 : CNDT, UBER, BAC, BGS, DDOG, RKT, WFC, DBX, GRPN, TRUE, AAL, MRO	AAL	https://www.nasdaq.com/articles/after-hours-most-active-for-aug-6-2020-%3A-cndt-uber-bac-bgs-ddog-rkt-wfc-dbx-grpn-true-aal	nan	nan	The NASDAQ 100 After Hours Indicator is down -2.78 to 11,136.61. The total After hours volume is currently 90,318,274 shares traded. The following are the most active stocks for the after hours session: Conduent Incorporated (CNDT) is +1.76 at $4.02, with 7,067,493 shares traded. Reuters Reports: BUZZ-U.S. STOCKS ON THE MOVE-Biohaven Pharma, Chevron Corp, T-Mobile US Inc Uber Technologies, Inc. (UBER) is -0.92 at $33.79, with 5,829,736 shares traded. As reported by Zacks, the current mean recommendation for UBER is in the "buy range". Bank of America Corporation (BAC) is -0.06 at $25.41, with 5,580,930 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 $0.42. BAC's current last sale is 94.11% of the target price of $27. B&G Foods, Inc. (BGS) is +0.29 at $29.63, with 3,030,720 shares traded. BGS's current last sale is 105.82% of the target price of $28. Datadog, Inc. (DDOG) is -5.66 at $84.35, with 2,797,373 shares traded. GlobeNewswire Reports: Datadog Announces Second Quarter Results Rocket Companies, Inc. (RKT) is +1.74 at $23.25, with 2,786,337 shares traded., following a 52-week high recorded in today's regular session. Wells Fargo & Company (WFC) is unchanged at $24.24, with 2,681,427 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 $0.28. WFC's current last sale is 82.87% of the target price of $29.25. Dropbox, Inc. (DBX) is -1.42 at $21.85, with 2,345,090 shares traded. As reported by Zacks, the current mean recommendation for DBX is in the "buy range". Groupon, Inc. (GRPN) is +5.55 at $22.00, with 2,312,993 shares traded. GRPN's current last sale is 84.62% of the target price of $26. TrueCar, Inc. (TRUE) is +2.05 at $6.34, with 2,024,937 shares traded., following a 52-week high recorded in today's regular session. American Airlines Group, Inc. (AAL) is -0.16 at $12.88, with 1,947,000 shares traded. AAL's current last sale is 107.33% of the target price of $12. Marathon Oil Corporation (MRO) is +0.01 at $5.69, with 1,841,053 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 $-0.28. MRO's current last sale is 81.29% of the target price of $7. 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 -0.16 at $12.88, with 1,947,000 shares traded. AAL's current last sale is 107.33% of the target price of $12. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020.	American Airlines Group, Inc. (AAL) is -0.16 at $12.88, with 1,947,000 shares traded. AAL's current last sale is 107.33% of the target price of $12. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020.	American Airlines Group, Inc. (AAL) is -0.16 at $12.88, with 1,947,000 shares traded. AAL's current last sale is 107.33% of the target price of $12. The total After hours volume is currently 90,318,274 shares traded.	AAL's current last sale is 107.33% of the target price of $12. American Airlines Group, Inc. (AAL) is -0.16 at $12.88, with 1,947,000 shares traded. The NASDAQ 100 After Hours Indicator is down -2.78 to 11,136.61.
5431.0	2020-08-06 00:00:00 UTC	Why Shares of American Airlines Rose Today	AAL	https://www.nasdaq.com/articles/why-shares-of-american-airlines-rose-today-2020-08-06	nan	nan	What happened Thursday was a good day for airline stocks, and American Airlines Group (NASDAQ: AAL) led the sector higher. American closed up 3.8%, and traded up as much as 5.8% mid-day, on a loosening of international travel restrictions and continued hope airlines might be included in a second round of stimulus coming out of Washington. So what It's been a tough year for the airline industry, with COVID-19 squelching travel demand and causing companies to scramble to cut costs. The airlines saw revenue in the second quarter fall by 80% or more year over year, in part because the U.S. and other nations limited international travel to try to stem the spread of the virus. COVID-19 is still a problem, but some of those regulations are beginning to be rolled back. The U.S. State Department on Thursday lifted its Global Level 4 Health Advisory warning U.S. citizens to avoid all international travel. Image source: American Airlines Group. The change in designation is unlikely to open a demand floodgate, as U.S. citizens are still limited in the international destinations they can travel to due to the country's continued issues with the pandemic. Most large corporations are limiting employee travel, especially international travel, and few tourists are likely to venture out in the current environment. Still, the move is a step in the right direction. Airlines are also moving higher on fresh talk that lawmakers are open to including another round of payroll support in a second stimulus plan. As part of the CARES Act passed earlier this year the airlines received $25 billion in grants and loans to help cover payroll during the pandemic, conditioned on the industry conducting no layoffs before Sept. 30. Airline shares spiked higher on Wednesday after a group of Republican senators reportedly backed extending an additional $25 billion in support to airlines in return for extending the layoff ban. Later that day President Donald Trump expressed support for the new stimulus. The news has all airlines in the green, but American likely led the way because it is considered the most vulnerable among major carriers due to its industry-high debt load. American was also the most aggressive in using the payroll support to add back flights and try to capture whatever revenue was out there to be had. Now what There is a lot of positive news concerning the airlines right now, but investors need to be cautious not to get ahead of themselves. This downturn is going to be a long one, with the industry expecting flight schedules to return to pre-pandemic levels by 2022 at the earliest. The added payroll support would be a welcome help, but is likely only prolonging the inevitable. Absent a faster-than-expected rebound in demand, airlines are going to eventually need to shrink. Given the uncertainty that clouds the entire industry, and American's specific risks, I'd advise caution before investors get on board with this particular airline stock right now. 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 June 2, 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 Thursday was a good day for airline stocks, and American Airlines Group (NASDAQ: AAL) led the sector higher. American closed up 3.8%, and traded up as much as 5.8% mid-day, on a loosening of international travel restrictions and continued hope airlines might be included in a second round of stimulus coming out of Washington. The change in designation is unlikely to open a demand floodgate, as U.S. citizens are still limited in the international destinations they can travel to due to the country's continued issues with the pandemic.	What happened Thursday was a good day for airline stocks, and American Airlines Group (NASDAQ: AAL) led the sector higher. Airline shares spiked higher on Wednesday after a group of Republican senators reportedly backed extending an additional $25 billion in support to airlines in return for extending the layoff ban. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.	What happened Thursday was a good day for airline stocks, and American Airlines Group (NASDAQ: AAL) led the sector higher. Airline shares spiked higher on Wednesday after a group of Republican senators reportedly backed extending an additional $25 billion in support to airlines in return for extending the layoff ban. 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.	What happened Thursday was a good day for airline stocks, and American Airlines Group (NASDAQ: AAL) led the sector higher. Airlines are also moving higher on fresh talk that lawmakers are open to including another round of payroll support in a second stimulus plan. American was also the most aggressive in using the payroll support to add back flights and try to capture whatever revenue was out there to be had.
5432.0	2020-08-06 00:00:00 UTC	BUZZ-U.S. STOCKS ON THE MOVE-Fastly Inc, Microsoft, Cardinal Health, CommScope Holding	AAL	https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-fastly-inc-microsoft-cardinal-health-commscope-holding-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 The S&P 500 treaded water on Thursday as investors awaited a new fiscal aid package to prop up the economy, with data showing a staggering 31.3 million Americans were receiving unemployment checks in mid-July. .N At 1300 ET, the Dow Jones Industrial Average .DJI was up 0.11% at 27,232.74. The S&P 500 .SPX was up 0.09% at 3,330.87 and the Nasdaq Composite .IXIC was up 0.31% at 11,032.552. The top three S&P 500 .PG.INX percentage gainers: Centurylink Inc , up 9.3% Quanta Services Inc , up 8.5% Sealed Air Corp , up 8.1% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp , down 16.6% Resmed Inc , down 12.8% Flir Systems Inc , down 10.8% The top three NYSE .PG.N percentage gainers: Oak Street Health Inc , up 72.9% Pretium Resources Inc , up 27% Arlo Technologies Inc , up 26.7% The top three NYSE .PL.N percentage losers: Blue Apron Holdings Inc , down 21% Fastly Inc , down 17% Camping World Holdings Inc , down 16.8% The top three Nasdaq .PG.O percentage gainers: Aditx Therapeutics Inc , up 109.8% American Virtual Cloud Technologies Inc , up 72.3% Nuzee Inc , up 47% The top three Nasdaq .PL.O percentage losers: Orasure Technologies Inc , down 39.5% Biofrontera Ag , down 33.5% 8I Enterprises Acquisition Corp , down 32.9% CVS Health Corp CVS.N: down 0.4% BUZZ-Street View: CVS Health cuts through COVID-19 noise Blue Apron Holdings Inc APRN.N: down 21.1% BUZZ-Blue Apron drops on deep-discounted 4 mln share deal Bausch Health Companies Inc BHC.N: up 7.3% BUZZ-Surges on report company exploring eye-care spin off Carnival Corp CCL.N: down 3.3% BUZZ-Carnival falls after co prices direct equity deal BigCommerce Holdings BIGC.O: up 35.6% BUZZ-Rises after massive debut jump Olin Corp OLN.N: down 6.6% BUZZ-Falls on wider quarterly loss, weak product demand Vista Outdoor Inc VSTO.N: up 16.6% BUZZ-Jumps on upbeat forecast as online sales, ammo demand surge ADT Inc ADT.N: down 5.9% BUZZ-Plunges on surprise Q2 loss Denali Therapeutics Inc DNLI.O: up 37.1% BUZZ-Surges on Biogen's equity stake, collaboration deal ADMA Biologics Inc ADMA.O: down 19.9% BUZZ-Falls on bigger-than-expected Q2 loss Century Aluminum CENX.O: down 4.4% BUZZ-Falls on wider quarterly loss 2U Inc TWOU.O: down 11.6% BUZZ-2U slides after pricing stock offering Becton Dickinson and Co BDX.N: down 8.7% BUZZ-Down on Q3 revenue miss Plug Power Inc PLUG.O: up 19.4% BUZZ-Jumps on revenue beat, smaller quarterly loss Howmet Aerospace Inc HWM.N: up 5.1% BUZZ-Rises on better-than-expected Q2 ViacomCBS Inc VIACA.O: up 3.8% BUZZ-Gains after streaming boost powers Q2 beat American Airlines Group Inc AAL.O: up 1.6% Norwegian Cruise Line Holdings NCLH.N: up 3.1% BUZZ-Travel-related stocks rise as Trump says COVID-19 vaccine possible before elections Biocept Inc BIOC.O: up 20.2% BUZZ-Jumps on agreement with Aegea for COVID-19 test MetLife Inc MET.N: down 3.2% BUZZ-Shares lower after quarterly results Huntington Ingalls Industries Inc HII.N: down 8.1% BUZZ-Slumps as employee absenteeism hits sales Tivity Health Inc TVTY.O: up 25.3% BUZZ-Jumps on better-than-expected Q2 sales Microsoft Corp MSFT.O: up 0.5% BUZZ-Rises on report of plans to buy TikTok's global ops Maxar Technologies Inc MAXR.N: up 20.3% BUZZ-Hits over 1-1/2-year high on strong quarterly revenue Sonos Inc SONO.O: down 17.2% BUZZ-Falls after wider-than-expected loss Cardinal Health Inc CAH.N: down 8.8% BUZZ-Drops as 2021 earnings outlook disappoints OraSure technologies Inc OSUR.O: down 39.5% BUZZ-Slumps on delay in COVID-19 antigen test timeline Monro Inc MNRO.O: down 8.4% BUZZ-Slides as Oppenheimer calls CEO exit "step backward" Fastly Inc FSLY.N: down 17.1% BUZZ-Tumbles as TikTok reliance eclipses beat-and-raise report CommScope Holding Company Inc COMM.O: up 19.0% BUZZ-Hits near 2-mth high after quarterly profit beat ** Livexlive Media LIVX.O: down 5.4% BUZZ-Falls on quarterly revenue miss The 11 major S&P 500 sectors: Communication Services .SPLRCL up 1.89% Consumer Discretionary .SPLRCD up 0.01% Consumer Staples .SPLRCS down 0.28% Energy .SPNY down 0.73% Financial .SPSY down 0.67% Health .SPXHC down 1.04% Industrial .SPLRCI down 0.06% Information Technology .SPLRCT up 0.47% Materials .SPLRCM down 0.28% Real Estate .SPLRCR down 0.11% Utilities .SPLRCU up 0.22% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: Centurylink Inc , up 9.3% Quanta Services Inc , up 8.5% Sealed Air Corp , up 8.1% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp , down 16.6% Resmed Inc , down 12.8% Flir Systems Inc , down 10.8% The top three NYSE .PG.N percentage gainers: Oak Street Health Inc , up 72.9% Pretium Resources Inc , up 27% Arlo Technologies Inc , up 26.7% The top three NYSE .PL.N percentage losers: Blue Apron Holdings Inc , down 21% Fastly Inc , down 17% Camping World Holdings Inc , down 16.8% The top three Nasdaq .PG.O percentage gainers: Aditx Therapeutics Inc , up 109.8% American Virtual Cloud Technologies Inc , up 72.3% Nuzee Inc , up 47% The top three Nasdaq .PL.O percentage losers: Orasure Technologies Inc , down 39.5% Biofrontera Ag , down 33.5% 8I Enterprises Acquisition Corp , down 32.9% CVS Health Corp CVS.N: down 0.4% BUZZ-Street View: CVS Health cuts through COVID-19 noise Blue Apron Holdings Inc APRN.N: down 21.1% BUZZ-Blue Apron drops on deep-discounted 4 mln share deal Bausch Health Companies Inc BHC.N: up 7.3% BUZZ-Surges on report company exploring eye-care spin off Carnival Corp CCL.N: down 3.3% BUZZ-Carnival falls after co prices direct equity deal BigCommerce Holdings BIGC.O: up 35.6% BUZZ-Rises after massive debut jump Olin Corp OLN.N: down 6.6% BUZZ-Falls on wider quarterly loss, weak product demand Vista Outdoor Inc VSTO.N: up 16.6% BUZZ-Jumps on upbeat forecast as online sales, ammo demand surge ADT Inc ADT.N: down 5.9% BUZZ-Plunges on surprise Q2 loss Denali Therapeutics Inc DNLI.O: up 37.1% BUZZ-Surges on Biogen's equity stake, collaboration deal ADMA Biologics Inc ADMA.O: down 19.9% BUZZ-Falls on bigger-than-expected Q2 loss Century Aluminum CENX.O: down 4.4% BUZZ-Falls on wider quarterly loss 2U Inc TWOU.O: down 11.6% BUZZ-2U slides after pricing stock offering Becton Dickinson and Co BDX.N: down 8.7% BUZZ-Down on Q3 revenue miss Plug Power Inc PLUG.O: up 19.4% BUZZ-Jumps on revenue beat, smaller quarterly loss Howmet Aerospace Inc HWM.N: up 5.1% BUZZ-Rises on better-than-expected Q2 ViacomCBS Inc VIACA.O: up 3.8% BUZZ-Gains after streaming boost powers Q2 beat American Airlines Group Inc AAL.O: up 1.6% Norwegian Cruise Line Holdings NCLH.N: up 3.1% BUZZ-Travel-related stocks rise as Trump says COVID-19 vaccine possible before elections Biocept Inc BIOC.O: up 20.2% BUZZ-Jumps on agreement with Aegea for COVID-19 test MetLife Inc MET.N: down 3.2% BUZZ-Shares lower after quarterly results Huntington Ingalls Industries Inc HII.N: down 8.1% BUZZ-Slumps as employee absenteeism hits sales Tivity Health Inc TVTY.O: up 25.3% BUZZ-Jumps on better-than-expected Q2 sales Microsoft Corp MSFT.O: up 0.5% BUZZ-Rises on report of plans to buy TikTok's global ops Maxar Technologies Inc MAXR.N: up 20.3% BUZZ-Hits over 1-1/2-year high on strong quarterly revenue Sonos Inc SONO.O: down 17.2% BUZZ-Falls after wider-than-expected loss Cardinal Health Inc CAH.N: down 8.8% BUZZ-Drops as 2021 earnings outlook disappoints OraSure technologies Inc OSUR.O: down 39.5% BUZZ-Slumps on delay in COVID-19 antigen test timeline Monro Inc MNRO.O: down 8.4% BUZZ-Slides as Oppenheimer calls CEO exit "step backward" Fastly Inc FSLY.N: down 17.1% BUZZ-Tumbles as TikTok reliance eclipses beat-and-raise report CommScope Holding Company Inc COMM.O: up 19.0% BUZZ-Hits near 2-mth high after quarterly profit beat ** Livexlive Media LIVX.O: down 5.4% BUZZ-Falls on quarterly revenue miss 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 treaded water on Thursday as investors awaited a new fiscal aid package to prop up the economy, with data showing a staggering 31.3 million Americans were receiving unemployment checks in mid-July. up 0.22% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: Centurylink Inc , up 9.3% Quanta Services Inc , up 8.5% Sealed Air Corp , up 8.1% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp , down 16.6% Resmed Inc , down 12.8% Flir Systems Inc , down 10.8% The top three NYSE .PG.N percentage gainers: Oak Street Health Inc , up 72.9% Pretium Resources Inc , up 27% Arlo Technologies Inc , up 26.7% The top three NYSE .PL.N percentage losers: Blue Apron Holdings Inc , down 21% Fastly Inc , down 17% Camping World Holdings Inc , down 16.8% The top three Nasdaq .PG.O percentage gainers: Aditx Therapeutics Inc , up 109.8% American Virtual Cloud Technologies Inc , up 72.3% Nuzee Inc , up 47% The top three Nasdaq .PL.O percentage losers: Orasure Technologies Inc , down 39.5% Biofrontera Ag , down 33.5% 8I Enterprises Acquisition Corp , down 32.9% CVS Health Corp CVS.N: down 0.4% BUZZ-Street View: CVS Health cuts through COVID-19 noise Blue Apron Holdings Inc APRN.N: down 21.1% BUZZ-Blue Apron drops on deep-discounted 4 mln share deal Bausch Health Companies Inc BHC.N: up 7.3% BUZZ-Surges on report company exploring eye-care spin off Carnival Corp CCL.N: down 3.3% BUZZ-Carnival falls after co prices direct equity deal BigCommerce Holdings BIGC.O: up 35.6% BUZZ-Rises after massive debut jump Olin Corp OLN.N: down 6.6% BUZZ-Falls on wider quarterly loss, weak product demand Vista Outdoor Inc VSTO.N: up 16.6% BUZZ-Jumps on upbeat forecast as online sales, ammo demand surge ADT Inc ADT.N: down 5.9% BUZZ-Plunges on surprise Q2 loss Denali Therapeutics Inc DNLI.O: up 37.1% BUZZ-Surges on Biogen's equity stake, collaboration deal ADMA Biologics Inc ADMA.O: down 19.9% BUZZ-Falls on bigger-than-expected Q2 loss Century Aluminum CENX.O: down 4.4% BUZZ-Falls on wider quarterly loss 2U Inc TWOU.O: down 11.6% BUZZ-2U slides after pricing stock offering Becton Dickinson and Co BDX.N: down 8.7% BUZZ-Down on Q3 revenue miss Plug Power Inc PLUG.O: up 19.4% BUZZ-Jumps on revenue beat, smaller quarterly loss Howmet Aerospace Inc HWM.N: up 5.1% BUZZ-Rises on better-than-expected Q2 ViacomCBS Inc VIACA.O: up 3.8% BUZZ-Gains after streaming boost powers Q2 beat American Airlines Group Inc AAL.O: up 1.6% Norwegian Cruise Line Holdings NCLH.N: up 3.1% BUZZ-Travel-related stocks rise as Trump says COVID-19 vaccine possible before elections Biocept Inc BIOC.O: up 20.2% BUZZ-Jumps on agreement with Aegea for COVID-19 test MetLife Inc MET.N: down 3.2% BUZZ-Shares lower after quarterly results Huntington Ingalls Industries Inc HII.N: down 8.1% BUZZ-Slumps as employee absenteeism hits sales Tivity Health Inc TVTY.O: up 25.3% BUZZ-Jumps on better-than-expected Q2 sales Microsoft Corp MSFT.O: up 0.5% BUZZ-Rises on report of plans to buy TikTok's global ops Maxar Technologies Inc MAXR.N: up 20.3% BUZZ-Hits over 1-1/2-year high on strong quarterly revenue Sonos Inc SONO.O: down 17.2% BUZZ-Falls after wider-than-expected loss Cardinal Health Inc CAH.N: down 8.8% BUZZ-Drops as 2021 earnings outlook disappoints OraSure technologies Inc OSUR.O: down 39.5% BUZZ-Slumps on delay in COVID-19 antigen test timeline Monro Inc MNRO.O: down 8.4% BUZZ-Slides as Oppenheimer calls CEO exit "step backward" Fastly Inc FSLY.N: down 17.1% BUZZ-Tumbles as TikTok reliance eclipses beat-and-raise report CommScope Holding Company Inc COMM.O: up 19.0% BUZZ-Hits near 2-mth high after quarterly profit beat ** Livexlive Media LIVX.O: down 5.4% BUZZ-Falls on quarterly revenue miss 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 treaded water on Thursday as investors awaited a new fiscal aid package to prop up the economy, with data showing a staggering 31.3 million Americans were receiving unemployment checks in mid-July. up 0.22% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: Centurylink Inc , up 9.3% Quanta Services Inc , up 8.5% Sealed Air Corp , up 8.1% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp , down 16.6% Resmed Inc , down 12.8% Flir Systems Inc , down 10.8% The top three NYSE .PG.N percentage gainers: Oak Street Health Inc , up 72.9% Pretium Resources Inc , up 27% Arlo Technologies Inc , up 26.7% The top three NYSE .PL.N percentage losers: Blue Apron Holdings Inc , down 21% Fastly Inc , down 17% Camping World Holdings Inc , down 16.8% The top three Nasdaq .PG.O percentage gainers: Aditx Therapeutics Inc , up 109.8% American Virtual Cloud Technologies Inc , up 72.3% Nuzee Inc , up 47% The top three Nasdaq .PL.O percentage losers: Orasure Technologies Inc , down 39.5% Biofrontera Ag , down 33.5% 8I Enterprises Acquisition Corp , down 32.9% CVS Health Corp CVS.N: down 0.4% BUZZ-Street View: CVS Health cuts through COVID-19 noise Blue Apron Holdings Inc APRN.N: down 21.1% BUZZ-Blue Apron drops on deep-discounted 4 mln share deal Bausch Health Companies Inc BHC.N: up 7.3% BUZZ-Surges on report company exploring eye-care spin off Carnival Corp CCL.N: down 3.3% BUZZ-Carnival falls after co prices direct equity deal BigCommerce Holdings BIGC.O: up 35.6% BUZZ-Rises after massive debut jump Olin Corp OLN.N: down 6.6% BUZZ-Falls on wider quarterly loss, weak product demand Vista Outdoor Inc VSTO.N: up 16.6% BUZZ-Jumps on upbeat forecast as online sales, ammo demand surge ADT Inc ADT.N: down 5.9% BUZZ-Plunges on surprise Q2 loss Denali Therapeutics Inc DNLI.O: up 37.1% BUZZ-Surges on Biogen's equity stake, collaboration deal ADMA Biologics Inc ADMA.O: down 19.9% BUZZ-Falls on bigger-than-expected Q2 loss Century Aluminum CENX.O: down 4.4% BUZZ-Falls on wider quarterly loss 2U Inc TWOU.O: down 11.6% BUZZ-2U slides after pricing stock offering Becton Dickinson and Co BDX.N: down 8.7% BUZZ-Down on Q3 revenue miss Plug Power Inc PLUG.O: up 19.4% BUZZ-Jumps on revenue beat, smaller quarterly loss Howmet Aerospace Inc HWM.N: up 5.1% BUZZ-Rises on better-than-expected Q2 ViacomCBS Inc VIACA.O: up 3.8% BUZZ-Gains after streaming boost powers Q2 beat American Airlines Group Inc AAL.O: up 1.6% Norwegian Cruise Line Holdings NCLH.N: up 3.1% BUZZ-Travel-related stocks rise as Trump says COVID-19 vaccine possible before elections Biocept Inc BIOC.O: up 20.2% BUZZ-Jumps on agreement with Aegea for COVID-19 test MetLife Inc MET.N: down 3.2% BUZZ-Shares lower after quarterly results Huntington Ingalls Industries Inc HII.N: down 8.1% BUZZ-Slumps as employee absenteeism hits sales Tivity Health Inc TVTY.O: up 25.3% BUZZ-Jumps on better-than-expected Q2 sales Microsoft Corp MSFT.O: up 0.5% BUZZ-Rises on report of plans to buy TikTok's global ops Maxar Technologies Inc MAXR.N: up 20.3% BUZZ-Hits over 1-1/2-year high on strong quarterly revenue Sonos Inc SONO.O: down 17.2% BUZZ-Falls after wider-than-expected loss Cardinal Health Inc CAH.N: down 8.8% BUZZ-Drops as 2021 earnings outlook disappoints OraSure technologies Inc OSUR.O: down 39.5% BUZZ-Slumps on delay in COVID-19 antigen test timeline Monro Inc MNRO.O: down 8.4% BUZZ-Slides as Oppenheimer calls CEO exit "step backward" Fastly Inc FSLY.N: down 17.1% BUZZ-Tumbles as TikTok reliance eclipses beat-and-raise report CommScope Holding Company Inc COMM.O: up 19.0% BUZZ-Hits near 2-mth high after quarterly profit beat ** Livexlive Media LIVX.O: down 5.4% BUZZ-Falls on quarterly revenue miss The 11 major S&P 500 sectors: Communication Services up 1.89% Consumer Discretionary up 0.01% Consumer Staples	The top three S&P 500 .PG.INX percentage gainers: Centurylink Inc , up 9.3% Quanta Services Inc , up 8.5% Sealed Air Corp , up 8.1% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp , down 16.6% Resmed Inc , down 12.8% Flir Systems Inc , down 10.8% The top three NYSE .PG.N percentage gainers: Oak Street Health Inc , up 72.9% Pretium Resources Inc , up 27% Arlo Technologies Inc , up 26.7% The top three NYSE .PL.N percentage losers: Blue Apron Holdings Inc , down 21% Fastly Inc , down 17% Camping World Holdings Inc , down 16.8% The top three Nasdaq .PG.O percentage gainers: Aditx Therapeutics Inc , up 109.8% American Virtual Cloud Technologies Inc , up 72.3% Nuzee Inc , up 47% The top three Nasdaq .PL.O percentage losers: Orasure Technologies Inc , down 39.5% Biofrontera Ag , down 33.5% 8I Enterprises Acquisition Corp , down 32.9% CVS Health Corp CVS.N: down 0.4% BUZZ-Street View: CVS Health cuts through COVID-19 noise Blue Apron Holdings Inc APRN.N: down 21.1% BUZZ-Blue Apron drops on deep-discounted 4 mln share deal Bausch Health Companies Inc BHC.N: up 7.3% BUZZ-Surges on report company exploring eye-care spin off Carnival Corp CCL.N: down 3.3% BUZZ-Carnival falls after co prices direct equity deal BigCommerce Holdings BIGC.O: up 35.6% BUZZ-Rises after massive debut jump Olin Corp OLN.N: down 6.6% BUZZ-Falls on wider quarterly loss, weak product demand Vista Outdoor Inc VSTO.N: up 16.6% BUZZ-Jumps on upbeat forecast as online sales, ammo demand surge ADT Inc ADT.N: down 5.9% BUZZ-Plunges on surprise Q2 loss Denali Therapeutics Inc DNLI.O: up 37.1% BUZZ-Surges on Biogen's equity stake, collaboration deal ADMA Biologics Inc ADMA.O: down 19.9% BUZZ-Falls on bigger-than-expected Q2 loss Century Aluminum CENX.O: down 4.4% BUZZ-Falls on wider quarterly loss 2U Inc TWOU.O: down 11.6% BUZZ-2U slides after pricing stock offering Becton Dickinson and Co BDX.N: down 8.7% BUZZ-Down on Q3 revenue miss Plug Power Inc PLUG.O: up 19.4% BUZZ-Jumps on revenue beat, smaller quarterly loss Howmet Aerospace Inc HWM.N: up 5.1% BUZZ-Rises on better-than-expected Q2 ViacomCBS Inc VIACA.O: up 3.8% BUZZ-Gains after streaming boost powers Q2 beat American Airlines Group Inc AAL.O: up 1.6% Norwegian Cruise Line Holdings NCLH.N: up 3.1% BUZZ-Travel-related stocks rise as Trump says COVID-19 vaccine possible before elections Biocept Inc BIOC.O: up 20.2% BUZZ-Jumps on agreement with Aegea for COVID-19 test MetLife Inc MET.N: down 3.2% BUZZ-Shares lower after quarterly results Huntington Ingalls Industries Inc HII.N: down 8.1% BUZZ-Slumps as employee absenteeism hits sales Tivity Health Inc TVTY.O: up 25.3% BUZZ-Jumps on better-than-expected Q2 sales Microsoft Corp MSFT.O: up 0.5% BUZZ-Rises on report of plans to buy TikTok's global ops Maxar Technologies Inc MAXR.N: up 20.3% BUZZ-Hits over 1-1/2-year high on strong quarterly revenue Sonos Inc SONO.O: down 17.2% BUZZ-Falls after wider-than-expected loss Cardinal Health Inc CAH.N: down 8.8% BUZZ-Drops as 2021 earnings outlook disappoints OraSure technologies Inc OSUR.O: down 39.5% BUZZ-Slumps on delay in COVID-19 antigen test timeline Monro Inc MNRO.O: down 8.4% BUZZ-Slides as Oppenheimer calls CEO exit "step backward" Fastly Inc FSLY.N: down 17.1% BUZZ-Tumbles as TikTok reliance eclipses beat-and-raise report CommScope Holding Company Inc COMM.O: up 19.0% BUZZ-Hits near 2-mth high after quarterly profit beat ** Livexlive Media LIVX.O: down 5.4% BUZZ-Falls on quarterly revenue miss 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 treaded water on Thursday as investors awaited a new fiscal aid package to prop up the economy, with data showing a staggering 31.3 million Americans were receiving unemployment checks in mid-July. .N At 1300 ET, the Dow Jones Industrial Average .DJI was up 0.11% at 27,232.74.
5433.0	2020-08-06 00:00:00 UTC	BUZZ-U.S. STOCKS ON THE MOVE-Becton Dickinson, Plug Power, Howmet Aerospace, ViacomCBS	AAL	https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-becton-dickinson-plug-power-howmet-aerospace-viacomcbs-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 Major U.S. stock averages treaded water on Thursday as investors awaited a new fiscal aid package to prop up the country's economy, with data showing 31.3 million Americans were receiving unemployment checks in mid-July. .N At 1130 ET, the Dow Jones Industrial Average .DJI was down 0.02% at 27,195.23. The S&P 500 .SPX was down 0.09% at 3,324.88 and the Nasdaq Composite .IXIC was down 0.08% at 10,989.217. The top three S&P 500 .PG.INX percentage gainers: Sealed Air Corp SEE.N, up 9.2% Quanta Services Inc PWR.N, up 8% Centurylink Inc CTL.N, up 7.3% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp WDC.OQ, down 15.7% Resmed Inc RMD.N, down 11.7% Flir Systems Inc FLIR.OQ, down 10.9% The top three NYSE .PG.N percentage gainers: Pretium Resources Inc PVG.N, up 28.4% Arlo Technologies Inc ARLO.N, up 24.1% Carvana Co CVNA.N, up 20.6% The top three NYSE .PL.N percentage losers: Blue Apron Holdings Inc APRN.N, down 21% Fastly Inc FSLY.N, down 20.5% Tenneco Inc TEN.N, down 17.1% The top three Nasdaq .PG.O percentage gainers: Aditx Therapeutics Inc ADTX.O, up 95.7% American Virtual Cloud Technologies Inc AVCT.O, up 79% Denali Therapeutics Inc DNLI.O, up 40.9% The top three Nasdaq .PL.O percentage losers: Orasure Technologies Inc OSUR.O, down 39.9% Biofrontera Ag BFRA.O, down 39.4% 8I Enterprises Acquisition Corp JFKKU.O, down 31.3% CVS Health Corp CVS.N: up 0.6% BUZZ-Street View: CVS Health cuts through COVID-19 noise Blue Apron Holdings Inc APRN.N: down 21.1% BUZZ-Blue Apron drops on deep-discounted 4 mln share deal Bausch Health Companies Inc BHC.N: up 7.5% BUZZ-Surges on report company exploring eye-care spin off Carnival Corp CCL.N: down 1.5% BUZZ-Carnival falls after co prices direct equity deal BigCommerce Holdings BIGC.O: up 30.2% BUZZ-Rises after massive debut jump Olin Corp OLN.N: down 6.4% BUZZ-Falls on wider quarterly loss, weak product demand Vista Outdoor Inc VSTO.N: up 18.9% BUZZ-Jumps on upbeat forecast as online sales, ammo demand surge ADT Inc ADT.N: down 7.0% BUZZ-Plunges on surprise Q2 loss Denali Therapeutics Inc DNLI.O: up 40.9% BUZZ-Surges on Biogen's equity stake, collaboration deal ADMA Biologics Inc ADMA.O: down 19.5% BUZZ-Falls on bigger-than-expected Q2 loss Century Aluminum CENX.O: down 4.4% BUZZ-Falls on wider quarterly loss 2U Inc TWOU.O: down 10.2% BUZZ-2U slides after pricing stock offering Becton Dickinson and Co BDX.N: down 9.3% BUZZ-Down on Q3 revenue miss Plug Power Inc PLUG.O: up 17.2% BUZZ-Jumps on revenue beat, smaller quarterly loss Howmet Aerospace Inc HWM.N: up 5.5% BUZZ-Rises on better-than-expected Q2 ViacomCBS Inc VIACA.O: up 5.0% BUZZ-Gains after streaming boost powers Q2 beat American Airlines Group Inc AAL.O: up 1.2% Norwegian Cruise Line Holdings NCLH.N: up 4.0% BUZZ-Travel-related stocks rise as Trump says COVID-19 vaccine possible before elections Biocept Inc BIOC.O: up 21.9% BUZZ-Jumps on agreement with Aegea for COVID-19 test MetLife Inc MET.N: down 1.2% BUZZ-Shares lower after quarterly results ** Huntington Ingalls Industries Inc HII.N: down 7.9% BUZZ-Slumps as employee absenteeism hits sales The 11 major S&P 500 sectors: Communication Services .SPLRCL up 1.09% Consumer Discretionary .SPLRCD down 0.12% Consumer Staples .SPLRCS down 0.33% Energy .SPNY down 0.74% Financial .SPSY down 0.48% Health .SPXHC down 1.17% Industrial .SPLRCI down 0.02% Information Technology .SPLRCT up 0.01% Materials .SPLRCM down 0.58% Real Estate .SPLRCR down 0.19% Utilities .SPLRCU down 0.10% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: Sealed Air Corp SEE.N, up 9.2% Quanta Services Inc PWR.N, up 8% Centurylink Inc CTL.N, up 7.3% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp WDC.OQ, down 15.7% Resmed Inc RMD.N, down 11.7% Flir Systems Inc FLIR.OQ, down 10.9% The top three NYSE .PG.N percentage gainers: Pretium Resources Inc PVG.N, up 28.4% Arlo Technologies Inc ARLO.N, up 24.1% Carvana Co CVNA.N, up 20.6% The top three NYSE .PL.N percentage losers: Blue Apron Holdings Inc APRN.N, down 21% Fastly Inc FSLY.N, down 20.5% Tenneco Inc TEN.N, down 17.1% The top three Nasdaq .PG.O percentage gainers: Aditx Therapeutics Inc ADTX.O, up 95.7% American Virtual Cloud Technologies Inc AVCT.O, up 79% Denali Therapeutics Inc DNLI.O, up 40.9% The top three Nasdaq .PL.O percentage losers: Orasure Technologies Inc OSUR.O, down 39.9% Biofrontera Ag BFRA.O, down 39.4% 8I Enterprises Acquisition Corp JFKKU.O, down 31.3% CVS Health Corp CVS.N: up 0.6% BUZZ-Street View: CVS Health cuts through COVID-19 noise Blue Apron Holdings Inc APRN.N: down 21.1% BUZZ-Blue Apron drops on deep-discounted 4 mln share deal Bausch Health Companies Inc BHC.N: up 7.5% BUZZ-Surges on report company exploring eye-care spin off Carnival Corp CCL.N: down 1.5% BUZZ-Carnival falls after co prices direct equity deal BigCommerce Holdings BIGC.O: up 30.2% BUZZ-Rises after massive debut jump Olin Corp OLN.N: down 6.4% BUZZ-Falls on wider quarterly loss, weak product demand Vista Outdoor Inc VSTO.N: up 18.9% BUZZ-Jumps on upbeat forecast as online sales, ammo demand surge ADT Inc ADT.N: down 7.0% BUZZ-Plunges on surprise Q2 loss Denali Therapeutics Inc DNLI.O: up 40.9% BUZZ-Surges on Biogen's equity stake, collaboration deal ADMA Biologics Inc ADMA.O: down 19.5% BUZZ-Falls on bigger-than-expected Q2 loss Century Aluminum CENX.O: down 4.4% BUZZ-Falls on wider quarterly loss 2U Inc TWOU.O: down 10.2% BUZZ-2U slides after pricing stock offering Becton Dickinson and Co BDX.N: down 9.3% BUZZ-Down on Q3 revenue miss Plug Power Inc PLUG.O: up 17.2% BUZZ-Jumps on revenue beat, smaller quarterly loss Howmet Aerospace Inc HWM.N: up 5.5% BUZZ-Rises on better-than-expected Q2 ViacomCBS Inc VIACA.O: up 5.0% BUZZ-Gains after streaming boost powers Q2 beat American Airlines Group Inc AAL.O: up 1.2% Norwegian Cruise Line Holdings NCLH.N: up 4.0% BUZZ-Travel-related stocks rise as Trump says COVID-19 vaccine possible before elections Biocept Inc BIOC.O: up 21.9% BUZZ-Jumps on agreement with Aegea for COVID-19 test MetLife Inc MET.N: down 1.2% BUZZ-Shares lower after quarterly results ** Huntington Ingalls Industries Inc HII.N: down 7.9% BUZZ-Slumps as employee absenteeism hits sales 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 Major U.S. stock averages treaded water on Thursday as investors awaited a new fiscal aid package to prop up the country's economy, with data showing 31.3 million Americans were receiving unemployment checks in mid-July. down 0.10% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: Sealed Air Corp SEE.N, up 9.2% Quanta Services Inc PWR.N, up 8% Centurylink Inc CTL.N, up 7.3% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp WDC.OQ, down 15.7% Resmed Inc RMD.N, down 11.7% Flir Systems Inc FLIR.OQ, down 10.9% The top three NYSE .PG.N percentage gainers: Pretium Resources Inc PVG.N, up 28.4% Arlo Technologies Inc ARLO.N, up 24.1% Carvana Co CVNA.N, up 20.6% The top three NYSE .PL.N percentage losers: Blue Apron Holdings Inc APRN.N, down 21% Fastly Inc FSLY.N, down 20.5% Tenneco Inc TEN.N, down 17.1% The top three Nasdaq .PG.O percentage gainers: Aditx Therapeutics Inc ADTX.O, up 95.7% American Virtual Cloud Technologies Inc AVCT.O, up 79% Denali Therapeutics Inc DNLI.O, up 40.9% The top three Nasdaq .PL.O percentage losers: Orasure Technologies Inc OSUR.O, down 39.9% Biofrontera Ag BFRA.O, down 39.4% 8I Enterprises Acquisition Corp JFKKU.O, down 31.3% CVS Health Corp CVS.N: up 0.6% BUZZ-Street View: CVS Health cuts through COVID-19 noise Blue Apron Holdings Inc APRN.N: down 21.1% BUZZ-Blue Apron drops on deep-discounted 4 mln share deal Bausch Health Companies Inc BHC.N: up 7.5% BUZZ-Surges on report company exploring eye-care spin off Carnival Corp CCL.N: down 1.5% BUZZ-Carnival falls after co prices direct equity deal BigCommerce Holdings BIGC.O: up 30.2% BUZZ-Rises after massive debut jump Olin Corp OLN.N: down 6.4% BUZZ-Falls on wider quarterly loss, weak product demand Vista Outdoor Inc VSTO.N: up 18.9% BUZZ-Jumps on upbeat forecast as online sales, ammo demand surge ADT Inc ADT.N: down 7.0% BUZZ-Plunges on surprise Q2 loss Denali Therapeutics Inc DNLI.O: up 40.9% BUZZ-Surges on Biogen's equity stake, collaboration deal ADMA Biologics Inc ADMA.O: down 19.5% BUZZ-Falls on bigger-than-expected Q2 loss Century Aluminum CENX.O: down 4.4% BUZZ-Falls on wider quarterly loss 2U Inc TWOU.O: down 10.2% BUZZ-2U slides after pricing stock offering Becton Dickinson and Co BDX.N: down 9.3% BUZZ-Down on Q3 revenue miss Plug Power Inc PLUG.O: up 17.2% BUZZ-Jumps on revenue beat, smaller quarterly loss Howmet Aerospace Inc HWM.N: up 5.5% BUZZ-Rises on better-than-expected Q2 ViacomCBS Inc VIACA.O: up 5.0% BUZZ-Gains after streaming boost powers Q2 beat American Airlines Group Inc AAL.O: up 1.2% Norwegian Cruise Line Holdings NCLH.N: up 4.0% BUZZ-Travel-related stocks rise as Trump says COVID-19 vaccine possible before elections Biocept Inc BIOC.O: up 21.9% BUZZ-Jumps on agreement with Aegea for COVID-19 test MetLife Inc MET.N: down 1.2% BUZZ-Shares lower after quarterly results ** Huntington Ingalls Industries Inc HII.N: down 7.9% BUZZ-Slumps as employee absenteeism hits sales 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 Major U.S. stock averages treaded water on Thursday as investors awaited a new fiscal aid package to prop up the country's economy, with data showing 31.3 million Americans were receiving unemployment checks in mid-July. .N At 1130 ET, the Dow Jones Industrial Average .DJI was down 0.02% at 27,195.23.	The top three S&P 500 .PG.INX percentage gainers: Sealed Air Corp SEE.N, up 9.2% Quanta Services Inc PWR.N, up 8% Centurylink Inc CTL.N, up 7.3% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp WDC.OQ, down 15.7% Resmed Inc RMD.N, down 11.7% Flir Systems Inc FLIR.OQ, down 10.9% The top three NYSE .PG.N percentage gainers: Pretium Resources Inc PVG.N, up 28.4% Arlo Technologies Inc ARLO.N, up 24.1% Carvana Co CVNA.N, up 20.6% The top three NYSE .PL.N percentage losers: Blue Apron Holdings Inc APRN.N, down 21% Fastly Inc FSLY.N, down 20.5% Tenneco Inc TEN.N, down 17.1% The top three Nasdaq .PG.O percentage gainers: Aditx Therapeutics Inc ADTX.O, up 95.7% American Virtual Cloud Technologies Inc AVCT.O, up 79% Denali Therapeutics Inc DNLI.O, up 40.9% The top three Nasdaq .PL.O percentage losers: Orasure Technologies Inc OSUR.O, down 39.9% Biofrontera Ag BFRA.O, down 39.4% 8I Enterprises Acquisition Corp JFKKU.O, down 31.3% CVS Health Corp CVS.N: up 0.6% BUZZ-Street View: CVS Health cuts through COVID-19 noise Blue Apron Holdings Inc APRN.N: down 21.1% BUZZ-Blue Apron drops on deep-discounted 4 mln share deal Bausch Health Companies Inc BHC.N: up 7.5% BUZZ-Surges on report company exploring eye-care spin off Carnival Corp CCL.N: down 1.5% BUZZ-Carnival falls after co prices direct equity deal BigCommerce Holdings BIGC.O: up 30.2% BUZZ-Rises after massive debut jump Olin Corp OLN.N: down 6.4% BUZZ-Falls on wider quarterly loss, weak product demand Vista Outdoor Inc VSTO.N: up 18.9% BUZZ-Jumps on upbeat forecast as online sales, ammo demand surge ADT Inc ADT.N: down 7.0% BUZZ-Plunges on surprise Q2 loss Denali Therapeutics Inc DNLI.O: up 40.9% BUZZ-Surges on Biogen's equity stake, collaboration deal ADMA Biologics Inc ADMA.O: down 19.5% BUZZ-Falls on bigger-than-expected Q2 loss Century Aluminum CENX.O: down 4.4% BUZZ-Falls on wider quarterly loss 2U Inc TWOU.O: down 10.2% BUZZ-2U slides after pricing stock offering Becton Dickinson and Co BDX.N: down 9.3% BUZZ-Down on Q3 revenue miss Plug Power Inc PLUG.O: up 17.2% BUZZ-Jumps on revenue beat, smaller quarterly loss Howmet Aerospace Inc HWM.N: up 5.5% BUZZ-Rises on better-than-expected Q2 ViacomCBS Inc VIACA.O: up 5.0% BUZZ-Gains after streaming boost powers Q2 beat American Airlines Group Inc AAL.O: up 1.2% Norwegian Cruise Line Holdings NCLH.N: up 4.0% BUZZ-Travel-related stocks rise as Trump says COVID-19 vaccine possible before elections Biocept Inc BIOC.O: up 21.9% BUZZ-Jumps on agreement with Aegea for COVID-19 test MetLife Inc MET.N: down 1.2% BUZZ-Shares lower after quarterly results ** Huntington Ingalls Industries Inc HII.N: down 7.9% BUZZ-Slumps as employee absenteeism hits sales The 11 major S&P 500 sectors: Communication Services up 1.09% Consumer Discretionary down 0.12% Consumer Staples	The top three S&P 500 .PG.INX percentage gainers: Sealed Air Corp SEE.N, up 9.2% Quanta Services Inc PWR.N, up 8% Centurylink Inc CTL.N, up 7.3% The top three S&P 500 .PL.INX percentage losers: Western Digital Corp WDC.OQ, down 15.7% Resmed Inc RMD.N, down 11.7% Flir Systems Inc FLIR.OQ, down 10.9% The top three NYSE .PG.N percentage gainers: Pretium Resources Inc PVG.N, up 28.4% Arlo Technologies Inc ARLO.N, up 24.1% Carvana Co CVNA.N, up 20.6% The top three NYSE .PL.N percentage losers: Blue Apron Holdings Inc APRN.N, down 21% Fastly Inc FSLY.N, down 20.5% Tenneco Inc TEN.N, down 17.1% The top three Nasdaq .PG.O percentage gainers: Aditx Therapeutics Inc ADTX.O, up 95.7% American Virtual Cloud Technologies Inc AVCT.O, up 79% Denali Therapeutics Inc DNLI.O, up 40.9% The top three Nasdaq .PL.O percentage losers: Orasure Technologies Inc OSUR.O, down 39.9% Biofrontera Ag BFRA.O, down 39.4% 8I Enterprises Acquisition Corp JFKKU.O, down 31.3% CVS Health Corp CVS.N: up 0.6% BUZZ-Street View: CVS Health cuts through COVID-19 noise Blue Apron Holdings Inc APRN.N: down 21.1% BUZZ-Blue Apron drops on deep-discounted 4 mln share deal Bausch Health Companies Inc BHC.N: up 7.5% BUZZ-Surges on report company exploring eye-care spin off Carnival Corp CCL.N: down 1.5% BUZZ-Carnival falls after co prices direct equity deal BigCommerce Holdings BIGC.O: up 30.2% BUZZ-Rises after massive debut jump Olin Corp OLN.N: down 6.4% BUZZ-Falls on wider quarterly loss, weak product demand Vista Outdoor Inc VSTO.N: up 18.9% BUZZ-Jumps on upbeat forecast as online sales, ammo demand surge ADT Inc ADT.N: down 7.0% BUZZ-Plunges on surprise Q2 loss Denali Therapeutics Inc DNLI.O: up 40.9% BUZZ-Surges on Biogen's equity stake, collaboration deal ADMA Biologics Inc ADMA.O: down 19.5% BUZZ-Falls on bigger-than-expected Q2 loss Century Aluminum CENX.O: down 4.4% BUZZ-Falls on wider quarterly loss 2U Inc TWOU.O: down 10.2% BUZZ-2U slides after pricing stock offering Becton Dickinson and Co BDX.N: down 9.3% BUZZ-Down on Q3 revenue miss Plug Power Inc PLUG.O: up 17.2% BUZZ-Jumps on revenue beat, smaller quarterly loss Howmet Aerospace Inc HWM.N: up 5.5% BUZZ-Rises on better-than-expected Q2 ViacomCBS Inc VIACA.O: up 5.0% BUZZ-Gains after streaming boost powers Q2 beat American Airlines Group Inc AAL.O: up 1.2% Norwegian Cruise Line Holdings NCLH.N: up 4.0% BUZZ-Travel-related stocks rise as Trump says COVID-19 vaccine possible before elections Biocept Inc BIOC.O: up 21.9% BUZZ-Jumps on agreement with Aegea for COVID-19 test MetLife Inc MET.N: down 1.2% BUZZ-Shares lower after quarterly results ** Huntington Ingalls Industries Inc HII.N: down 7.9% BUZZ-Slumps as employee absenteeism hits sales 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 Major U.S. stock averages treaded water on Thursday as investors awaited a new fiscal aid package to prop up the country's economy, with data showing 31.3 million Americans were receiving unemployment checks in mid-July. .N At 1130 ET, the Dow Jones Industrial Average .DJI was down 0.02% at 27,195.23.
5434.0	2020-08-06 00:00:00 UTC	Pre-Market Most Active for Aug 6, 2020 : AAL, CCL, BHC, SQQQ, SPCE, BCRX, NIO, HMHC, UAL, NCLH, FSLY, SNY	AAL	https://www.nasdaq.com/articles/pre-market-most-active-for-aug-6-2020-%3A-aal-ccl-bhc-sqqq-spce-bcrx-nio-hmhc-ual-nclh-fsly	nan	nan	The NASDAQ 100 Pre-Market Indicator is down -4.19 to 11,121.25. The total Pre-Market volume is currently 19,099,232 shares traded. The following are the most active stocks for the pre-market session: American Airlines Group, Inc. (AAL) is +0.13 at $12.69, with 3,211,572 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 $-1.62. AAL's current last sale is 105.75% of the target price of $12. Carnival Corporation (CCL) is -0.92 at $13.10, with 1,754,897 shares traded. CCL's current last sale is 81.88% of the target price of $16. Bausch Health Companies Inc. (BHC) is +3.54 at $23.00, with 1,596,197 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2020. The consensus EPS forecast is $0.66. PR Newswire Reports: Bausch Health Announces Its Intention To Spin Off Its Eye Health Business Into An Independent Publicly Traded Company ProShares UltraPro Short QQQ (SQQQ) is +0.05 at $5.64, with 1,306,184 shares traded., following a 52-week high recorded in prior regular session. Virgin Galactic Holdings, Inc. (SPCE) is -0.54 at $19.61, with 618,624 shares traded. As reported by Zacks, the current mean recommendation for SPCE is in the "buy range". BioCryst Pharmaceuticals, Inc. (BCRX) is -0.22 at $3.99, with 593,623 shares traded. GlobeNewswire Reports: BioCryst Reports Second Quarter 2020 Financial Results and Upcoming Key Milestones NIO Inc. (NIO) is -0.05 at $13.87, with 544,944 shares traded.NIO is scheduled to provide an earnings report on 8/11/2020, for the fiscal quarter ending Jun2020. The consensus earnings per share forecast is -0.35 per share, which represents a -45 percent increase over the EPS one Year Ago Houghton Mifflin Harcourt Company (HMHC) is -0.41 at $3.02, with 544,308 shares traded. PR Newswire Reports: Houghton Mifflin Harcourt Announces Second Quarter 2020 Results United Airlines Holdings, Inc. (UAL) is -0.025 at $33.71, with 489,522 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2021. The consensus EPS forecast is $0.33. UAL's current last sale is 76.6% of the target price of $44. Norwegian Cruise Line Holdings Ltd. (NCLH) is -0.4401 at $13.28, with 488,673 shares traded. GlobeNewswire Reports: Norwegian Cruise Line Holdings Reports Second Quarter 2020 Financial Results Fastly, Inc. (FSLY) is -19.81 at $89.11, with 395,146 shares traded. FSLY's current last sale is 162.02% of the target price of $55. Sanofi (SNY) is -0.49 at $51.12, with 348,617 shares traded. As reported by Zacks, the current mean recommendation for SNY 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.	American Airlines Group, Inc. (AAL) is +0.13 at $12.69, with 3,211,572 shares traded. AAL's current last sale is 105.75% of the target price of $12. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2020.	American Airlines Group, Inc. (AAL) is +0.13 at $12.69, with 3,211,572 shares traded. AAL's current last sale is 105.75% of the target price of $12. GlobeNewswire Reports: BioCryst Reports Second Quarter 2020 Financial Results and Upcoming Key Milestones	American Airlines Group, Inc. (AAL) is +0.13 at $12.69, with 3,211,572 shares traded. AAL's current last sale is 105.75% of the target price of $12. The total Pre-Market volume is currently 19,099,232 shares traded.	American Airlines Group, Inc. (AAL) is +0.13 at $12.69, with 3,211,572 shares traded. AAL's current last sale is 105.75% of the target price of $12. The NASDAQ 100 Pre-Market Indicator is down -4.19 to 11,121.25.
5435.0	2020-08-05 00:00:00 UTC	Airlines Send Stock Markets Climbing, But Is More Bailout Money Good News for Investors?	AAL	https://www.nasdaq.com/articles/airlines-send-stock-markets-climbing-but-is-more-bailout-money-good-news-for-investors	nan	nan	Wednesday was another strong day for the stock market, lifted in large part by favorable earnings results among favorite companies. Moreover, market participants continue to be optimistic that a COVID-19 vaccine could help things get back to normal sooner rather than later. By the end of the trading day, gains in the Dow Jones Industrial Average (DJINDICES: ^DJI) outpaced those of other indexes, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite posted rises as well. Today's stock market INDEX PERCENTAGE CHANGE POINT CHANGE Dow +1.39% +373 S&P 500 +0.64% +21 Nasdaq Composite +0.52% +57 Data source: Yahoo! Finance. Notable among gainers were shares of airline companies. Good news on the coronavirus front has obvious implications for airlines, but the financial challenges that these companies face remain difficult to overcome. News that carriers might get some more support from the federal government helped lift investor sentiment on Wednesday, but the money could be a two-edged sword for current shareholders. Image source: Getty Images. How airline stocks fared on Wednesday The gains for airline stocks were impressive. American Airlines Group (NASDAQ: AAL) was by far the best performer, climbing almost 10% on the day. Other stocks also saw sizable gains: Among major carriers, United Airlines Holdings (NASDAQ: UAL) and Southwest Airlines (NYSE: LUV) were each up 4%. Delta Air Lines (NYSE: DAL) followed with a 3% gain. Regional carriers saw similar gains. Hawaiian Holdings (NASDAQ: HA) and Alaska Air Group (NYSE: ALK) were up 4%. Other airlines participated in the rally. Discount leader Spirit Airlines (NYSE: SAVE) saw its stock rise almost 4%, and JetBlue Airways (NASDAQ: JBLU) joined in with a nearly 4.5% move higher. The gains built on rising stock prices from Tuesday. Those earlier advances came on the heels of favorable data on traffic from the Transportation Security Administration, which reported that travel volumes continue to bounce back from their spring lows during the worst of the COVID-19 pandemic. Another bailout ahead? Wednesday's rise for airline stocks comes as industry executives have asked for further help from the federal government. Initial bailout packages came with strings that forced airlines to keep their workforces largely intact through the end of September. The hope at the time was that a six-month window would be enough for things to return to normal. It's now clear that the initial assessment was too optimistic. In particular, lawmakers are strongly considering adding provisions to expected fiscal stimulus packages that would extend additional money to airlines in exchange for longer timelines of keeping workers on board. One proposal would add another $25 billion to the roughly $50 billion previous package, and most expect that airlines would have to agree not to let workers go for an additional three to six months. What's uncertain, though, is just how much airlines would support such efforts. Southwest CEO Gary Kelly is on record supporting the move, joining United and American. But most airlines have already seriously contemplated cost-reduction efforts come October. Airline stocks are still a high-risk proposition for investors. Shareholders have to expect volatility to continue, and it could take years for the industry to get back to its pre-coronavirus status even if a solution to the crisis comes soon. 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 June 2, 2020 Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends 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.	American Airlines Group (NASDAQ: AAL) was by far the best performer, climbing almost 10% on the day. By the end of the trading day, gains in the Dow Jones Industrial Average (DJINDICES: ^DJI) outpaced those of other indexes, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite posted rises as well. Those earlier advances came on the heels of favorable data on traffic from the Transportation Security Administration, which reported that travel volumes continue to bounce back from their spring lows during the worst of the COVID-19 pandemic.	American Airlines Group (NASDAQ: AAL) was by far the best performer, climbing almost 10% on the day. Other stocks also saw sizable gains: Among major carriers, United Airlines Holdings (NASDAQ: UAL) and Southwest Airlines (NYSE: LUV) were each up 4%. Hawaiian Holdings (NASDAQ: HA) and Alaska Air Group (NYSE: ALK) were up 4%.	American Airlines Group (NASDAQ: AAL) was by far the best performer, climbing almost 10% on the day. How airline stocks fared on Wednesday The gains for airline stocks were impressive. Other stocks also saw sizable gains: Among major carriers, United Airlines Holdings (NASDAQ: UAL) and Southwest Airlines (NYSE: LUV) were each up 4%.	American Airlines Group (NASDAQ: AAL) was by far the best performer, climbing almost 10% on the day. Moreover, market participants continue to be optimistic that a COVID-19 vaccine could help things get back to normal sooner rather than later. By the end of the trading day, gains in the Dow Jones Industrial Average (DJINDICES: ^DJI) outpaced those of other indexes, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite posted rises as well.
5436.0	2020-08-05 00:00:00 UTC	Republican senators back extending $25 bln payroll aid for U.S. airlines; shares jump	AAL	https://www.nasdaq.com/articles/republican-senators-back-extending-%2425-bln-payroll-aid-for-u.s.-airlines-shares-jump-2020	nan	nan	By David Shepardson WASHINGTON, Aug 5 (Reuters) - A group of Senate Republicans on Wednesday backed extending a $25 billion payroll assistance program for U.S. airlines after warnings that carriers may be forced to cut tens of thousands of jobs without government action, according to a letter seen by Reuters. Airline stocks moved sharply higher on the news, which was first reported by Reuters. Shares of American Airlines AAL.O closed up 9.5% while shares of United Airlines UAL.O rose 4.6% and Southwest Airlines LUV.N finished up 4.2%. The letter, spearheaded by Senator Cory Gardner and addressed to Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer and copied to Treasury Secretary Steve Mnuchin, was the first public disclosure of significant support in the Republican-led Senate for additional emergency funding for U.S. airlines. A spokesman for McConnell declined to comment. Senators Marco Rubio, Roger Wicker, James Inhofe, James Risch, John Cornyn, Todd Young, Susan Collins, Martha McSally, Shelley Moore Capito and others who signed the letter said they backed a new six-month extension of the $25 billion payroll support program "to avoid furloughs and further support those workers." After Reuters reported the letter, Cornyn's office released a copy of it and declined to comment further. Airline officials and unions have been urging U.S. lawmakers to extend new assistance in the face of the coronavirus epidemic's devastating impact on airline travel. "With air travel anticipated to remain low in the near future, Congress should also consider provisions to support and provide flexibility for businesses across the aviation industry similarly impacted, such as airport concessionaires and aviation manufacturing," the letter said. On July 27, a majority of the Democratic-controlled U.S. House of Representatives signed a letter also calling for a six-month extension for the payroll aid program that they argue is crucial to keeping hundreds of thousands of aviation workers employed through March 31. That letter was signed by 195 Democrats and 28 Republicans. Congress awarded $25 billion in payroll assistance to U.S. passenger airlines in March, along with $4 billion for cargo carriers and $3 billion for airport contractors. Most of the bailout funds do not have to be paid back. Congress also approved a separate $25 billion in low-cost loans for passenger airlines; many airlines have not yet tapped those loans. Airline executives feel increasingly optimistic Congress will act, while chief executives and union leaders have been calling lawmakers to push for additional assistance. Sara Nelson, international president of the Association of Flight Attendants-CWA, which represents nearly 50,000 flight attendants at 19 airlines, said the letter on Wednesday demonstrated "overwhelming bipartisan majority support" for a another $25 billion six-month extension of the payroll program. Airlines and unions have warned that mass layoffs could take place after the existing $25 billion in aid expires on Sept. 30, just over a month before the Nov. 3 U.S. elections. Between American Airlines and United Airlines, more than 60,000 frontline workers have received warnings that their jobs are on the line. (Reporting by David Shepardson; Editing by Diane Craft, Paul Simao and Jonathan Oatis) ((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.	Shares of American Airlines AAL.O closed up 9.5% while shares of United Airlines UAL.O rose 4.6% and Southwest Airlines LUV.N finished up 4.2%. Senators Marco Rubio, Roger Wicker, James Inhofe, James Risch, John Cornyn, Todd Young, Susan Collins, Martha McSally, Shelley Moore Capito and others who signed the letter said they backed a new six-month extension of the $25 billion payroll support program "to avoid furloughs and further support those workers." On July 27, a majority of the Democratic-controlled U.S. House of Representatives signed a letter also calling for a six-month extension for the payroll aid program that they argue is crucial to keeping hundreds of thousands of aviation workers employed through March 31.	Shares of American Airlines AAL.O closed up 9.5% while shares of United Airlines UAL.O rose 4.6% and Southwest Airlines LUV.N finished up 4.2%. By David Shepardson WASHINGTON, Aug 5 (Reuters) - A group of Senate Republicans on Wednesday backed extending a $25 billion payroll assistance program for U.S. airlines after warnings that carriers may be forced to cut tens of thousands of jobs without government action, according to a letter seen by Reuters. Congress awarded $25 billion in payroll assistance to U.S. passenger airlines in March, along with $4 billion for cargo carriers and $3 billion for airport contractors.	Shares of American Airlines AAL.O closed up 9.5% while shares of United Airlines UAL.O rose 4.6% and Southwest Airlines LUV.N finished up 4.2%. By David Shepardson WASHINGTON, Aug 5 (Reuters) - A group of Senate Republicans on Wednesday backed extending a $25 billion payroll assistance program for U.S. airlines after warnings that carriers may be forced to cut tens of thousands of jobs without government action, according to a letter seen by Reuters. The letter, spearheaded by Senator Cory Gardner and addressed to Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer and copied to Treasury Secretary Steve Mnuchin, was the first public disclosure of significant support in the Republican-led Senate for additional emergency funding for U.S. airlines.	Shares of American Airlines AAL.O closed up 9.5% while shares of United Airlines UAL.O rose 4.6% and Southwest Airlines LUV.N finished up 4.2%. By David Shepardson WASHINGTON, Aug 5 (Reuters) - A group of Senate Republicans on Wednesday backed extending a $25 billion payroll assistance program for U.S. airlines after warnings that carriers may be forced to cut tens of thousands of jobs without government action, according to a letter seen by Reuters. After Reuters reported the letter, Cornyn's office released a copy of it and declined to comment further.
5437.0	2020-08-05 00:00:00 UTC	Why Airline Shares Are Rallying Today	AAL	https://www.nasdaq.com/articles/why-airline-shares-are-rallying-today-2020-08-05	nan	nan	What happened Airline stocks took off on Wednesday on a report that additional payroll support could be included as part of a second government stimulus plan. Airlines and their unions had been lobbying for the provision, but it seemed like a long shot as recently as a few weeks ago. Shares of American Airlines Group (NASDAQ: AAL) led the sector higher, up 8.5% as of 3 p.m. EDT, with shares of United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all up 4% or more, and JetBlue Airways (NASDAQ: JBLU), Alaska Air Group (NYSE: ALK), and Delta Air Lines (NYSE: DAL) up 3% apiece. So what The airline industry has been hit hard by the COVID-19 pandemic, but the companies so far have been able to avoid bankruptcy in part thanks to a $50 billion lifeline for the industry included in the CARES Act. About half of that funding was in the form of payroll support, and was conditioned on the airlines agreeing to hold off on layoffs through Sept. 30. Image source: Getty Images. The funding, and the prohibition on layoffs, is soon coming to an end, but airline unions have been lobbying lawmakers to extend the protections in order to avoid upward of 30% of total airline workers losing their jobs. Airline executives, including Southwest CEO Gary Kelly, have lent their voices to the effort in recent days. But given we are nearing an election and the original airline bailout plan was not popular, it was uncertain whether the effort would gain much support in Washington. On Wednesday, Reuters reported that a group of 16 Senate Republicans have backed extending $25 billion in payroll assistance to airlines "to avoid furloughs" and support workers. Presumably, the new funding would come with similar stipulations as the CARES Act and would require airlines to keep employees on the payroll until the cash runs out. Now what An extension of the payroll support would provide extra cash to struggling airlines, and would allow the industry to at least put off making tough decisions about their workforces. The airlines have used the funding to fly flights that might not be financially viable in more normal times, providing much-needed revenue. The program also gives the airlines more flexibility: With workers on the payroll the industry can quickly add flights if demand recovers quicker than expected. Alas, this legislation, even if it is included in the final stimulus plan, would at best likely only kick those tough decisions down the road. Airlines are expecting it to take until 2022, if not longer, for travel volumes to return to pre-pandemic levels, and at some point layoffs or buyouts seem inevitable. But that's all in the future. For now the airlines are living day-to-day trying to fly through this crisis. And any additional help they can get from the government is going to be met warmly by investors. 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 June 2, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of and recommends Spirit Airlines. The Motley Fool recommends 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 American Airlines Group (NASDAQ: AAL) led the sector higher, up 8.5% as of 3 p.m. EDT, with shares of United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all up 4% or more, and JetBlue Airways (NASDAQ: JBLU), Alaska Air Group (NYSE: ALK), and Delta Air Lines (NYSE: DAL) up 3% apiece. What happened Airline stocks took off on Wednesday on a report that additional payroll support could be included as part of a second government stimulus plan. On Wednesday, Reuters reported that a group of 16 Senate Republicans have backed extending $25 billion in payroll assistance to airlines "to avoid furloughs" and support workers.	Shares of American Airlines Group (NASDAQ: AAL) led the sector higher, up 8.5% as of 3 p.m. EDT, with shares of United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all up 4% or more, and JetBlue Airways (NASDAQ: JBLU), Alaska Air Group (NYSE: ALK), and Delta Air Lines (NYSE: DAL) up 3% apiece. What happened Airline stocks took off on Wednesday on a report that additional payroll support could be included as part of a second government stimulus plan. The Motley Fool recommends Alaska Air Group, Delta Air Lines, Hawaiian Holdings, JetBlue Airways, and Southwest Airlines.	Shares of American Airlines Group (NASDAQ: AAL) led the sector higher, up 8.5% as of 3 p.m. EDT, with shares of United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all up 4% or more, and JetBlue Airways (NASDAQ: JBLU), Alaska Air Group (NYSE: ALK), and Delta Air Lines (NYSE: DAL) up 3% apiece. What happened Airline stocks took off on Wednesday on a report that additional payroll support could be included as part of a second government stimulus plan. The Motley Fool recommends Alaska Air Group, Delta Air Lines, Hawaiian Holdings, JetBlue Airways, and Southwest Airlines.	Shares of American Airlines Group (NASDAQ: AAL) led the sector higher, up 8.5% as of 3 p.m. EDT, with shares of United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all up 4% or more, and JetBlue Airways (NASDAQ: JBLU), Alaska Air Group (NYSE: ALK), and Delta Air Lines (NYSE: DAL) up 3% apiece. What happened Airline stocks took off on Wednesday on a report that additional payroll support could be included as part of a second government stimulus plan. So what The airline industry has been hit hard by the COVID-19 pandemic, but the companies so far have been able to avoid bankruptcy in part thanks to a $50 billion lifeline for the industry included in the CARES Act.
5438.0	2020-08-05 00:00:00 UTC	EXCLUSIVE-Republican senators back extending $25 bln payroll aid for U.S. airlines; shares jump	AAL	https://www.nasdaq.com/articles/exclusive-republican-senators-back-extending-%2425-bln-payroll-aid-for-u.s.-airlines-shares	nan	nan	By David Shepardson WASHINGTON, Aug 5 (Reuters) - A group of Senate Republicans on Wednesday backed extending a $25 billion payroll assistance program for U.S. airlines after warnings that carriers may be forced to cut tens of thousands of jobs without government action, according to a letter seen by Reuters. Airline stocks moved sharply higher on the news, which was first reported by Reuters. Shares of American Airlines AAL.O were up 8.9% in afternoon trading while shares of United Airlines UAL.O rose 6.3%. The letter, spearheaded by Senator Cory Gardner and addressed to Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer and copied to Treasury Secretary Steve Mnuchin, was the first public disclosure of significant support in the Republican-led Senate for additional emergency funding for U.S. airlines. Senators Marco Rubio, Roger Wicker, James Inhofe, James Risch, John Cornyn, Todd Young, Susan Collins, Martha McSally and others who signed the letter said they backed a new six-month extension of the $25 billion payroll support program "to avoid furloughs and further support those workers." After Reuters reported the letter, Cornyn's office released a copy of it and declined further comment. Airline officials and unions have been urging U.S. lawmakers to extend new assistance in the face of the coronavirus epidemic's devastating impact on airline travel. "With air travel anticipated to remain low in the near future, Congress should also consider provisions to support and provide flexibility for businesses across the aviation industry similarly impacted, such as airport concessionaires and aviation manufacturing," the letter said. On July 27, a majority of the Democratic-controlled U.S. House of Representatives signed a letter also calling for a six-month extension for the payroll aid program that they argue is crucial to keeping hundreds of thousands of aviation workers employed through March 31. That letter was signed by 195 Democrats and 28 Republicans. Congress awarded $25 billion in payroll assistance to U.S. passenger airlines in March, along with $4 billion for cargo carriers and $3 billion for airport contractors. Most of the bailout funds do not have to be paid back. Sara Nelson, international president of the Association of Flight Attendants-CWA, which represents nearly 50,000 flight attendants at 19 airlines, said the letter on Wednesday demonstrated "overwhelming bipartisan majority support" for a another $25 billion six-month extension of the payroll program. Airlines and unions have warned that mass layoffs could take place after the existing $25 billion in aid expires on Sept. 30, just over a month before the Nov. 3 U.S. elections. Between American Airlines and United Airlines, more than 60,000 frontline workers have received warnings that their jobs are on the line. (Reporting by David Shepardson; Editing by Diane Craft and Paul Simao) ((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.	Shares of American Airlines AAL.O were up 8.9% in afternoon trading while shares of United Airlines UAL.O rose 6.3%. Senators Marco Rubio, Roger Wicker, James Inhofe, James Risch, John Cornyn, Todd Young, Susan Collins, Martha McSally and others who signed the letter said they backed a new six-month extension of the $25 billion payroll support program "to avoid furloughs and further support those workers." On July 27, a majority of the Democratic-controlled U.S. House of Representatives signed a letter also calling for a six-month extension for the payroll aid program that they argue is crucial to keeping hundreds of thousands of aviation workers employed through March 31.	Shares of American Airlines AAL.O were up 8.9% in afternoon trading while shares of United Airlines UAL.O rose 6.3%. By David Shepardson WASHINGTON, Aug 5 (Reuters) - A group of Senate Republicans on Wednesday backed extending a $25 billion payroll assistance program for U.S. airlines after warnings that carriers may be forced to cut tens of thousands of jobs without government action, according to a letter seen by Reuters. Senators Marco Rubio, Roger Wicker, James Inhofe, James Risch, John Cornyn, Todd Young, Susan Collins, Martha McSally and others who signed the letter said they backed a new six-month extension of the $25 billion payroll support program "to avoid furloughs and further support those workers."	Shares of American Airlines AAL.O were up 8.9% in afternoon trading while shares of United Airlines UAL.O rose 6.3%. By David Shepardson WASHINGTON, Aug 5 (Reuters) - A group of Senate Republicans on Wednesday backed extending a $25 billion payroll assistance program for U.S. airlines after warnings that carriers may be forced to cut tens of thousands of jobs without government action, according to a letter seen by Reuters. The letter, spearheaded by Senator Cory Gardner and addressed to Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer and copied to Treasury Secretary Steve Mnuchin, was the first public disclosure of significant support in the Republican-led Senate for additional emergency funding for U.S. airlines.	Shares of American Airlines AAL.O were up 8.9% in afternoon trading while shares of United Airlines UAL.O rose 6.3%. By David Shepardson WASHINGTON, Aug 5 (Reuters) - A group of Senate Republicans on Wednesday backed extending a $25 billion payroll assistance program for U.S. airlines after warnings that carriers may be forced to cut tens of thousands of jobs without government action, according to a letter seen by Reuters. Airline stocks moved sharply higher on the news, which was first reported by Reuters.
5439.0	2020-08-05 00:00:00 UTC	United Airlines Stock Has Pulled Out Of its Tailspin	AAL	https://www.nasdaq.com/articles/united-airlines-stock-has-pulled-out-of-its-tailspin-2020-08-05	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Few sectors have been hit as hard by the novel coronavirus pandemic as airlines. Maybe cruise lines, but at this point that’s small consolation to investors in companies like United Airlines (NASDAQ:UAL), who have seen their shares lose much of their value. There are huge challenges ahead, and the recovery is expected to take years. However, after dropping below $20 earlier this year, the worst may be over for UAL stock. Source: NextNewMedia / Shutterstock.com An Airline Industry in Disarray When the coronavirus pandemic hit, the aviation industry took the full force of the impact. Planes were grounded and passenger numbers plummeted. The International Air Transport Association estimated the global loss of revenue for airlines in 2020 could hit $113 billion. 7 Growth Stocks to Ride for the Rest of 2020 In May, it was reported that United Airlines had reduced its national flights by 78%, and international flights by 89%. In addition to flying some planes nearly empty to maintain service and parking much of its fleet, United has had to deal with the added expense of deep-cleaning its planes between flights. A Miserable Q2 for United Airlines On July 21, United released its second quarter earnings. The impact of the pandemic was on full display. Calling it “the most difficult financial quarter in its 94-year history,” UAL posted a loss of $1.63 billion for the quarter. To put that in some perspective, in the same quarter last year, United posted a $1.05 billion profit. Revenue for the quarter was $1.48 billion, a steep drop from the $11.4 billion in revenue reported in Q2 2019. In other words, it was a miserable quarter. That was hardly unexpected, and the punishment netted out by the market (UAL closed down 4% the next day), was a mere blip compared to the hits it’s taken this year. Big Challenges Remain, But Some Positive Signs The first half of 2020 has been nothing but bad news for United Airlines. However, there are signs that the airline has weathered the worst of the pandemic’s impact. There have been several developments that give investors hope that United Airlines stock bottomed out when it dropped below $20 in May. At the start of July, the company announced demand has increased enough that it is adding 25,000 domestic and international flights in August. That’s just 40% of the total flight schedule from August 2019, but triple its number from June. Several weeks ago, United reached a deal with its pilots. An early retirement package is being offered, along with voluntary furlough programs. United and the pilots’ union reached an agreement that will avoid layoffs when CARES Act funding runs out at the end of September. In its Q2 earnings report, United projected its daily cash burn for the third quarter will drop to $25 million from the $40 million a day it burned through in the second quarter. The last time the airlines had to deal with anything nearly this bad was after the 9/11 terrorist attacks. Fear of flying at that time resulted in flight capacity being down for the next three years. Airlines didn’t return to profitability until six years after. So it would be disingenuous to suggest United Airlines is out of the woods. However, with passenger volume and demand slowly picking up, and cash burn slowly improving, there’s a faint light at the end of the tunnel. Bottom Line On UAL Stock Ultimately, the only way that United, or other airlines like American Airlines (NASDAQ:AAL) are going to have a hope of permanent recovery is for an effective coronavirus vaccine to be developed. Many biotech companies are getting close, but even then, there could be months, if not years, before enough people are vaccinated to effectively eliminate the coronavirus risk. And after that, it could be several more years before air travel returns to anything resembling the 2019 normal. The question is, did United Airlines already hit rock bottom? Shares have been bouncing around between $30 and $40 for the past six weeks. Even after the unpleasantness of those Q2 earnings. That suggests the stock has pulled out of its tailspin. The investment analysts surveyed by CNN Money think the worst is behind for United. That’s not to say there won’t be turbulence ahead — when the CARES Act funding runs out it’s not expected to be pretty — but indicators like daily cash burn, number of flights, and passenger volume are currently moving in the right direction. Not many of those analysts would recommend buying UAL shares due to the uncertainty in the sector, but they do have a $40.00 median 12-month price target. That’s less than half of the $89.70 United Airlines stock hit in January, but still offers a tidy 27.5% upside if you’re not averse to some risk. The post United Airlines Stock Has Pulled Out Of its Tailspin 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.	Bottom Line On UAL Stock Ultimately, the only way that United, or other airlines like American Airlines (NASDAQ:AAL) are going to have a hope of permanent recovery is for an effective coronavirus vaccine to be developed. Maybe cruise lines, but at this point that’s small consolation to investors in companies like United Airlines (NASDAQ:UAL), who have seen their shares lose much of their value. That was hardly unexpected, and the punishment netted out by the market (UAL closed down 4% the next day), was a mere blip compared to the hits it’s taken this year.	Bottom Line On UAL Stock Ultimately, the only way that United, or other airlines like American Airlines (NASDAQ:AAL) are going to have a hope of permanent recovery is for an effective coronavirus vaccine to be developed. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Few sectors have been hit as hard by the novel coronavirus pandemic as airlines. In its Q2 earnings report, United projected its daily cash burn for the third quarter will drop to $25 million from the $40 million a day it burned through in the second quarter.	Bottom Line On UAL Stock Ultimately, the only way that United, or other airlines like American Airlines (NASDAQ:AAL) are going to have a hope of permanent recovery is for an effective coronavirus vaccine to be developed. 7 Growth Stocks to Ride for the Rest of 2020 In May, it was reported that United Airlines had reduced its national flights by 78%, and international flights by 89%. A Miserable Q2 for United Airlines On July 21, United released its second quarter earnings.	Bottom Line On UAL Stock Ultimately, the only way that United, or other airlines like American Airlines (NASDAQ:AAL) are going to have a hope of permanent recovery is for an effective coronavirus vaccine to be developed. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Few sectors have been hit as hard by the novel coronavirus pandemic as airlines. In its Q2 earnings report, United projected its daily cash burn for the third quarter will drop to $25 million from the $40 million a day it burned through in the second quarter.
5440.0	2020-08-05 00:00:00 UTC	Pre-Market Most Active for Aug 5, 2020 : SQQQ, NIO, NVAX, MVIS, AAL, LVGO, AMD, TEVA, SQ, DIS, NCLH, CCL	AAL	https://www.nasdaq.com/articles/pre-market-most-active-for-aug-5-2020-%3A-sqqq-nio-nvax-mvis-aal-lvgo-amd-teva-sq-dis-nclh	nan	nan	The NASDAQ 100 Pre-Market Indicator is up 9.86 to 11,106.4. The total Pre-Market volume is currently 18,907,593 shares traded. The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is -0.02 at $5.60, with 1,499,245 shares traded., following a 52-week high recorded in prior regular session. NIO Inc. (NIO) is -0.16 at $13.48, with 1,129,557 shares traded.NIO is scheduled to provide an earnings report on 8/11/2020, for the fiscal quarter ending Jun2020. The consensus earnings per share forecast is -0.35 per share, which represents a -45 percent increase over the EPS one Year Ago Novavax, Inc. (NVAX) is +34.02 at $191.19, with 1,094,081 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 $6.04. Reuters Reports: Novavax coronavirus vaccine induces immune response in early study, shares jump Microvision, Inc. (MVIS) is +0.31 at $2.85, with 933,847 shares traded. GlobeNewswire Reports: MicroVision To Announce Second Quarter 2020 Results on August 5, 2020 American Airlines Group, Inc. (AAL) is +0.32 at $11.79, with 797,792 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021. The consensus EPS forecast is $0.16. AAL's current last sale is 98.25% of the target price of $12. Livongo Health, Inc. (LVGO) is +5.47 at $150.00, with 707,338 shares traded.LVGO is scheduled to provide an earnings report on 8/6/2020, for the fiscal quarter ending Jun2020. The consensus earnings per share forecast is -0.06 per share, which represents a -71 percent increase over the EPS one Year Ago Advanced Micro Devices, Inc. (AMD) is +0.31 at $85.35, with 659,838 shares traded. Over the last four weeks they have had 9 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2020. The consensus EPS forecast is $0.31. , following a 52-week high recorded in prior regular session. Teva Pharmaceutical Industries Limited (TEVA) is +0.74 at $12.54, with 612,282 shares traded. Reuters Reports: Teva Pharm Q2 profit tops forecast, reaffirms 2020 outlook Square, Inc. (SQ) is +14.92 at $151.75, with 521,495 shares traded. Reuters Reports: BUZZ-U.S. STOCKS ON THE MOVE-Beyond Meat, Square Inc Walt Disney Company (The) (DIS) is +7.49 at $124.78, with 515,525 shares traded. DIS's current last sale is 97.48% of the target price of $128. Norwegian Cruise Line Holdings Ltd. (NCLH) is +0.52 at $14.08, with 464,662 shares traded.NCLH is scheduled to provide an earnings report on 8/6/2020, for the fiscal quarter ending Jun2020. The consensus earnings per share forecast is -2.19 per share, which represents a 130 percent increase over the EPS one Year Ago Carnival Corporation (CCL) is +0.58 at $14.32, with 427,293 shares traded. CCL's current last sale is 89.5% of the target price of $16. 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 +0.32 at $11.79, with 797,792 shares traded. AAL's current last sale is 98.25% of the target price of $12. ProShares UltraPro Short QQQ (SQQQ) is -0.02 at $5.60, with 1,499,245 shares traded., following a 52-week high recorded in prior regular session.	American Airlines Group, Inc. (AAL) is +0.32 at $11.79, with 797,792 shares traded. AAL's current last sale is 98.25% of the target price of $12. The consensus earnings per share forecast is -0.35 per share, which represents a -45 percent increase over the EPS one Year Ago	American Airlines Group, Inc. (AAL) is +0.32 at $11.79, with 797,792 shares traded. AAL's current last sale is 98.25% of the target price of $12. The consensus earnings per share forecast is -0.35 per share, which represents a -45 percent increase over the EPS one Year Ago	American Airlines Group, Inc. (AAL) is +0.32 at $11.79, with 797,792 shares traded. AAL's current last sale is 98.25% of the target price of $12. The following are the most active stocks for the pre-market session:
5441.0	2020-08-05 00:00:00 UTC	Soaring Southwest Airlines Stock Will Stay Sector Leader	AAL	https://www.nasdaq.com/articles/soaring-southwest-airlines-stock-will-stay-sector-leader-2020-08-05	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Are airline stocks back? Well, it might be a leap to say that much. However, Southwest Airlines (NYSE:LUV) and its peers may have already seen the lows. If that’s the case, investors are now wondering whether LUV stock can continue to lead the group. LUV) logo on aircraft that is taking off from McCarran in Las Vegas, NV." width="300" height="169"> Source: Eliyahu Yosef Parypa / Shutterstock.com Over the past month, LUV stock is down 12.56%, which is about in-line with its peers. It only “lags” — if you can call it that — Spirit Airlines (NYSE:SAVE) and United Airlines (NASDAQ:AAL), both down 12.2%. It slightly lags these two over the past three months too, with Southwest stock down about 1%. However, that’s much better than Delta Air Lines (NYSE:DAL) and American Airlines (NASDAQ:AAL), which are down 9.75% and 13.5%, respectively. Over the longer term though, Southwest has done much better than its peers. 8 5G Stocks to Get Rich Off Our Information Addiction So far on the year, Southwest stock is down 43%. While terrible, that’s almost 15 percentage points better than the next best performer (out of the five major airlines), Delta, down 57.8%. Over the past year, the outperformance widens even more. Again, Southwest and Delta are No. 1 and No. 2 at -42% and -60.5%, respectively. Can Southwest Continue to Outperform? Click to Enlarge Source: Chart courtesy of StockCharts.com Southwest Airlines did not report good results in late July. Despite beating both profit and sales estimates, the company lost $2.67 per share and experienced an 83% decline in revenue. Those are some sizable declines and it will take time for Southwest to recover from the novel coronavirus. The company lost more than $900 million in the quarter and the hope for a sustainable recovery is losing steam. This is from chairman and CEO Gary Kelly (emphasis added): “As our Nation continues to battle the COVID-19 pandemic, demand for air travel remains weak, which was the driver of our second quarter net loss of approximately $1.5 billion, excluding special items. We were encouraged by improvements in May and June leisure passenger traffic trends, compared with March and April; however, the improving trends in revenue and bookings have recently stalled in July with the rise in COVID-19 cases.” However, this is what has always made and continues to make LUV stock the best of the bunch: “We have strong liquidity, with cash and short-term investments of $14.5 billion as of June 30, 2020; the only investment-grade credit rating in the U.S. airline industry by all three agencies.” The company’s balance sheet continues to act as a major asset for Southwest. Even during good times, this was a major piece to the bullish puzzle. Now that we’ve seen what a (hopefully) generational pandemic looks like, one can understand why LUV stock has held up so much better than its peers. Blood in the Streets for LUV Stock? The old adage to “buy when there’s blood in the street” is certainly on the minds of investors. In the case of Southwest though, that may actually be the best case to make. The problem with the airlines is how long it will likely take them to recover prior business. Most companies have already seen a stabilization in revenue or should soon. That’s not quite the case with airlines. Consider the table below, which highlights consensus expectations for 2021. Stock 2021 Estimate Forecast for % of Recouped 2019 Rev. SAVE Profitable 80.6% LUV Profitable 75.1% DAL Profitable 64.8% AAL Not Profitable 65.5% UAL Break-Even 64.8% As you can see, LUV stock and Spirit — another stock I really like — are the only two forecast to recover 75% or more of 2019 revenue in 2021. Additionally, they are both expected to be profitable, too. These estimates are bound to fluctuate with the ebb and flow of travel trends, but it’s encouraging to see. Perhaps LUV stock will recover faster than expected, making its current price a possible bargain for longer term investors. Know that there will be volatility, though. The post Soaring Southwest Airlines Stock Will Stay Sector Leader 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.	It only “lags” — if you can call it that — Spirit Airlines (NYSE:SAVE) and United Airlines (NASDAQ:AAL), both down 12.2%. However, that’s much better than Delta Air Lines (NYSE:DAL) and American Airlines (NASDAQ:AAL), which are down 9.75% and 13.5%, respectively. SAVE Profitable 80.6% LUV Profitable 75.1% DAL Profitable 64.8% AAL Not Profitable 65.5% UAL Break-Even 64.8% As you can see, LUV stock and Spirit — another stock I really like — are the only two forecast to recover 75% or more of 2019 revenue in 2021.	It only “lags” — if you can call it that — Spirit Airlines (NYSE:SAVE) and United Airlines (NASDAQ:AAL), both down 12.2%. However, that’s much better than Delta Air Lines (NYSE:DAL) and American Airlines (NASDAQ:AAL), which are down 9.75% and 13.5%, respectively. SAVE Profitable 80.6% LUV Profitable 75.1% DAL Profitable 64.8% AAL Not Profitable 65.5% UAL Break-Even 64.8% As you can see, LUV stock and Spirit — another stock I really like — are the only two forecast to recover 75% or more of 2019 revenue in 2021.	SAVE Profitable 80.6% LUV Profitable 75.1% DAL Profitable 64.8% AAL Not Profitable 65.5% UAL Break-Even 64.8% As you can see, LUV stock and Spirit — another stock I really like — are the only two forecast to recover 75% or more of 2019 revenue in 2021. It only “lags” — if you can call it that — Spirit Airlines (NYSE:SAVE) and United Airlines (NASDAQ:AAL), both down 12.2%. However, that’s much better than Delta Air Lines (NYSE:DAL) and American Airlines (NASDAQ:AAL), which are down 9.75% and 13.5%, respectively.	It only “lags” — if you can call it that — Spirit Airlines (NYSE:SAVE) and United Airlines (NASDAQ:AAL), both down 12.2%. However, that’s much better than Delta Air Lines (NYSE:DAL) and American Airlines (NASDAQ:AAL), which are down 9.75% and 13.5%, respectively. SAVE Profitable 80.6% LUV Profitable 75.1% DAL Profitable 64.8% AAL Not Profitable 65.5% UAL Break-Even 64.8% As you can see, LUV stock and Spirit — another stock I really like — are the only two forecast to recover 75% or more of 2019 revenue in 2021.
5442.0	2020-08-05 00:00:00 UTC	South Africa's diamond polishers look to lockdown lovers to add shine	AAL	https://www.nasdaq.com/articles/south-africas-diamond-polishers-look-to-lockdown-lovers-to-add-shine-2020-08-05	nan	nan	By Tanisha Heiberg and Sisipho Skweyiya JOHANNESBURG, Aug 5 (Reuters) - South Africa's diamond industry, famed for sales the world over and supplying gems for the British crown jewels, is looking closer to home to revive its fortunes following the coronavirus slump. Even before the new virus triggered the COVID-19 pandemic, diamond prices and demand were weak. Global economic weakness has exaggerated that and Anglo American's AAL.L De Beers unit last week reported a plunge in earnings. L5N2F16GD Some of the many small players who polish the rough diamonds that De Beers and other miners unearth say they have been pleasantly surprised by the extent of lockdown jewellery-buying as enforced proximity kindled romance and feel-good spending. South African cutting and polishing firm Nungu Diamonds said its custom-made jewellery sales have grown 60% since South Africa imposed a strict lockdown in March. Customers used their weeks at home for online consulations and were lining up for their purchases when stores reopened in June, the company's founder Kealeboga Pule said. "We remain resilient. We fight on," Pule said at his shop in a Johannesburg suburb. June was the best month in a year, he said, with sales including engagement and wedding rings. Bucking the trend of rising unemployment, Nungu has hired an in-house jewellery designer - joining a team of 5 polishers and 9 jewellers. Nungu says jewellery prices have held steady. Profit margins, however, could improve as lower global demand has depressed the prices of uncut, unpolished rough stones bought from the mines. Thoko's Diamonds, another South African company whose business was based on selling rough and polished stones, said it was turning to jewellery. Zipho Dlamini, co-owner of Thoko's Diamonds, said in a typical year the family business would supply more than 500 carats. So far this year, the company had sold less than 20 carats and profits have fallen 65% as the exports that account for more than half of its business dried up. Thoko's hopes its new line in earrings will appeal to the local market. "Because of COVID-19 we have managed to move into the jewellery space," Dlamini said. (Writing by Tanisha Heiberg; editing by Olivia Kumwenda-Mtambo and Barbara Lewis) ((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.	Global economic weakness has exaggerated that and Anglo American's AAL.L De Beers unit last week reported a plunge in earnings. By Tanisha Heiberg and Sisipho Skweyiya JOHANNESBURG, Aug 5 (Reuters) - South Africa's diamond industry, famed for sales the world over and supplying gems for the British crown jewels, is looking closer to home to revive its fortunes following the coronavirus slump. L5N2F16GD Some of the many small players who polish the rough diamonds that De Beers and other miners unearth say they have been pleasantly surprised by the extent of lockdown jewellery-buying as enforced proximity kindled romance and feel-good spending.	Global economic weakness has exaggerated that and Anglo American's AAL.L De Beers unit last week reported a plunge in earnings. By Tanisha Heiberg and Sisipho Skweyiya JOHANNESBURG, Aug 5 (Reuters) - South Africa's diamond industry, famed for sales the world over and supplying gems for the British crown jewels, is looking closer to home to revive its fortunes following the coronavirus slump. South African cutting and polishing firm Nungu Diamonds said its custom-made jewellery sales have grown 60% since South Africa imposed a strict lockdown in March.	Global economic weakness has exaggerated that and Anglo American's AAL.L De Beers unit last week reported a plunge in earnings. By Tanisha Heiberg and Sisipho Skweyiya JOHANNESBURG, Aug 5 (Reuters) - South Africa's diamond industry, famed for sales the world over and supplying gems for the British crown jewels, is looking closer to home to revive its fortunes following the coronavirus slump. South African cutting and polishing firm Nungu Diamonds said its custom-made jewellery sales have grown 60% since South Africa imposed a strict lockdown in March.	Global economic weakness has exaggerated that and Anglo American's AAL.L De Beers unit last week reported a plunge in earnings. Nungu says jewellery prices have held steady. Thoko's Diamonds, another South African company whose business was based on selling rough and polished stones, said it was turning to jewellery.
5443.0	2020-08-04 00:00:00 UTC	Why Kodak Stock Skyrocketed	AAL	https://www.nasdaq.com/articles/why-kodak-stock-skyrocketed-2020-08-04	nan	nan	In this episode of Industry Focus: Wildcard, Dylan Lewis chats with Motley Fool contributor Dan Kline about how airlines are adapting to the post-COVID world. They discuss some promotions airlines are offering to entice people to fly again. They talk about how airlines can ensure a steady stream of revenue and retain customers and how this can benefit both parties. They also discuss the recent jump in Kodak (NYSE: KODK) stock and what it means for the company and investors. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. 10 stocks we like better than Eastman Kodak 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 Eastman Kodak 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 June 2, 2020 This video was recorded on July 29, 2020. Dylan Lewis: It's Wednesday, July 29, and we are talking about Kodak's massive spike and all-you-can-fly passes. I'm your host, Dylan Lewis, and I'm joined by Motley Fool contributor Dan Kline. Dan, what's going on? Dan Kline: Dylan, you sent me this story, and I thought it was like a joke. [laughs] Like, I legitimately -- it's like when I learned that Tootsie Roll was a publicly traded company. I had no idea that Kodak was still a going concern. I remember for a while they made printers, and that didn't go well. And the last roll of film has been sold. This was shocking, but it makes a ton of sense when you really dig into the story. Lewis: Yeah, and I mean, for our own purposes, and maybe it's helpful to, kind of, pull back the curtain a little bit. You know, we have requirements about what we can and can't write about on the editorial side, because we are a large media company, and if we write about businesses that are too small, it's possible that we might have some impact on the market. We don't ever want to be doing that. And so we generally don't cover businesses under a certain size, and Kodak has been under a certain size for a very long time, and so it hasn't really been something that we can talk about much. That has changed dramatically in the last 48 hours. I think Kodak is now a $1.5 billion company. We're going to talk about that. We're going to be talking about some all-you-can-fly passes coming from Chinese airline operators, and kind of what it means. Let's kick off with the airline discussion. This week, China Southern Airlines (NYSE: ZNH) rolled out an all-you-can-fly pass for customers, Dan. They are not the first to do this. There are eight other Chinese airlines that have done something similar, charging around $500 for the right to be able to do it. These are, for the most part, domestic flights. Kind of an interesting model. We've seen it applied to a lot of different spaces; retail, consumer goods. So in my opinion, at least, [laughs] this is probably the first time I've seen it in airlines. Kline: So Dylan, I don't know the rules in China, but there are certain flights in the U.S. that have to happen. And I'm going to guess, in China, that there's some level of that, where planes were just flying with a handful of people on them. So this accomplishes two things. First, it creates some revenue. That's great. Here's some cash; we need cash. But it also -- they had the capacity, so it's not like they're rolling out new planes in order to meet this. And I think this might be the most important thing: They're creating the idea that flying is safe and viable. If your friends and family take a flight, it's like, you know, when I go to Epcot on Friday. If I report back to you, and I say, "Hey, Dylan, I went to Epcot, the security procedures were great, I felt really safe. It was still fun. You know, I met Goofy, he was wearing a mask. Like, that all went well." You might decide, "OK, I'll drive down, I'll go on a trip. That's what the airlines are doing. This isn't a long-term shift in how airlines operate, but it might uncover some new things that airlines could incorporate for the longer term." Lewis: Yeah, I think that's a good point, public perception certainly needs to change. And I mean, realistically, we need to be better, we need to be healthier, we need to be [laughs] a little bit more considerate of other folks as we're out in public; and you know, safety is always going to come first with those kinds of things. In the case of these China airlines, you know, being able to get $500 from customers, at least on a short-term basis, is a nice way for them to raise cash. I'm sure, if their industry is operating anything like the United States airline operators, they took a massive hit and had a lot of empty seats on flights. Kline: Yeah, it's not sustainable, because in theory, you know, you're charging $529 for certain individual flights. And right now, that's getting -- but if those planes were flying anyway, and you could generate more cash -- there's not an enormous extra gas expense if your plane is two-thirds full or one-third full. There is a little bit of cost, but there's not a ton. And with fuel prices being so low right now, that's not that big a concern. This might also be some -- you know, there might be freight on some of these planes. This is just basically saying, and it's a model a lot of companies should look at. "Hey, I'm an Uber driver, if I can stop up on my way to pick up Dylan and take him to the airport, and get a package and I can deliver that package to someplace after the airport, well, I've made more money and gotten more efficient." We're going to see a lot of this in different fashions. Lewis: Yeah, I think it's only natural for industries to experiment a little bit as they are in cash crunches. It raises a natural question, Dan. You know, is this something that we might see come to the United States, is it something that flyers in the U.S. might be seeing or might be offered sometime soon? Kline: So I think you might see it in a couple of ways. You might see it as a premium product. Dylan, there's a service that you pay $2,000/month and you could stay in a different hotel every night. I've never heard of anyone doing it, but it kind of makes some sense. I might see Southwest say, you know, hey, for $1,000/month you can do this. You might also see, during some of the slower flying seasons, some limited version of this, where you could fly to, like, 10 cities, maybe you can pick from a list and it's $500. It makes sense. We've talked about how Disney does this. When things are slow, and there aren't as many tourists, they'll roll out a deal, a three- or four-day pass, for like, $149 for locals. That's about a one-day ticket, you get three. And it's a way to just get traffic when they don't have it. So you might see weird things, you might see an airline say, "We're going to have, you know, an all-you-can-fly deal, but you can only fly on Tuesday and Thursday, because those are the deals where we have the least -- or we're not guaranteeing you any specific itinerary, we're just guaranteeing that we'll get you from here to there on that day." Some of this is, you know, you got to figure out how to keep the planes full. That wasn't a problem before the pandemic. Dylan, you know I fly about 35 times a year, almost every week, [laughs] and maybe 10 times the whole year was there any significant amount of empty seats on a plane. Right now, if you fly, there's a lot of empty seats on a lot of planes. Southwest is actually not selling middle seats. So unless you're with two relatives, they're going to be leaving seats open. And look, that makes sense. So I think we'll see experimentation. Do I think an airline that has a pretty successful pricing model will drop it? No, I don't think they will. [laughs] Lewis: Yeah. And I think that U.S. airlines are probably going to be a little bit more reluctant to adopt anything like this. It seems like it's been successful, from what I've read. Apparently in China flights have been restored to about 80% of their pre-COVID level. So there's been enough there to, kind of, stoke people back into it. And they've been able to continue a lot of their operations. But what I've seen so far from the airlines: JetBlue did a buy one, get one free promotion, but it was very limited and it was tied to also booking a flight and a hotel. It did not nearly come with, kind of, like the unlimited approach that these Chinese operators are using. Kline: Yeah, Dylan, I'd like to see airlines get more creative. You know, you look at someone like me, and Southwest probably doesn't know that I generally only fly Southwest, so. And they can analyze and they say, "Hey, Dan flies to Baltimore two times a month, maybe we should go to him and offer him a locked-in price deal, so he doesn't have that volatility, and we have the revenue guarantee. Where they say, hey, OK, Dan, you normally spend $225 for that round-trip ticket. We will sell you all-you-can-fly on that route for $600/month, but you have to commit for a year and you have to pay three months up front." That kind of deal might lock in -- like, being an annual passholder at Disney, they've locked in the revenue, they know that I might fly more, but they also know that there's a certain amount of empty seats. And maybe I get to book X amount and then I have to fly standby, you know, at certain points. There might be some clever iterations of this, especially as you're seeing people move to more rural areas but still work for a business. So you might have Facebook sponsoring a deal where you can fly to Nevada on Friday and come back on Monday, or whatever it is. It's not going to be a wholesale change, but this is an industry that, wow! They don't do a lot of clever things. Basically, they stopped evolving with the frequent-flyer model, the frequent-flyer miles. So I do think we're going to see some evolution. But also remember, that if a U.S. airline does this during the pandemic, that doesn't mean they're going to do it postpandemic. Lewis: Yeah, that's a good point. I think if you're looking at the timeline for possibly when some creative solutions might be coming, it could be soon. You know, the support that a lot of the airlines are getting is set to wrap at the end of September, and there's going to be some major changes unless they're able to further kick that can down the road coming in early fall, because the Payroll Support Program ends on Sept. 30. And we've already seen a lot of the U.S. airlines starting to signal what that means in terms of their workforce. You know, earlier this month American Airlines, they sent out thousands of furlough notices to workers, and they have to provide 60-days' notice for this, because they're anticipating being overstaffed on Oct. 1 when their financial support expires. United sent out over 30,000 furlough notices. So this is a very real problem, and bringing cash in is probably one of the only ways that they're going to be able to avoid those furloughs. Kline: Yeah, there's a big problem in that equation, though, I'm not sure where all these people in China are going. But there's not really a lot of places to go. So you might still take a vacation. Dylan, you know I'm headed to Vegas in a couple of weeks and going to have some very muted gambling in a not-traditional setting. And you know, you might go on one of your trips, where you disappear into the Grand Canyon for two weeks. But the average business meeting isn't happening. Normally, I fly out once a year to meet the folks at Microsoft. Well, they're not in the office, there's no benefit to doing that. There's an awful lot of travel that was needs-based. I'm not going to fly to Boston to see my mom, because my mom is 70 years old. So even if Southwest were to do this or JetBlue or one of the more clever airlines, I'm not exactly sure it's going to work like it worked in China. And, Dylan, you wrote down a lot of promotions like this, the Panera unlimited coffee promotion. Sometimes, yeah, that's just not going to be the driver you think it is. We don't know with Panera, because they're not a publicly traded company, but I feel like, you know, some of these deals just, you go, OK. Like Quibi, 90 days free for Quibi, and like, eight people signed up. Right now, if you don't need to fly, unlimited flying is kind of the same as limited flying. [laughs] Because even me, someone who loves to fly, I'm not going to take a trip every week right now. That's foolhardy. Lewis: Yeah, and it's further complicated by the fact that in the U.S., we have all of these states that are making decisions about what people have to do in terms of quarantining, if they're doing any traveler or coming from different parts of the world or different parts of the country. So you know, it is not an easy thing for them to roll out even domestically, but you might see some creative thinking there. And actually, Dan, yeah, I mean, that tees us up well, because the always-on model here for this airline approach is something that is in my view very clearly a short-term cash crunch kind of thing. They might do this kind of thing again at some point in a "normal world," but it would be far more promotional; they'd probably limit the number of seats, all that kind of stuff. I do think it's worth exploring a little bit, the all-you-can-______ model, and kind of how it varies depending on what industry you're looking at. Because when it's the airlines, it's clearly promotional, it's clearly to bring cash in and lock in money, because they need it so desperately, because it's not sustainable for them to continue to offer all-you-can-fly in a world where people can freely fly and pay for things. Kline: Not at a discount price. It doesn't seem crazy to me that they might consider doing it at a premium price. And you mentioned buffets in your notes. So there's two models in Las Vegas. Buffets are closed at the moment, but in a normal world, there are two models where buffets work. The first is what do you think of? Dylan and I want to go to breakfast, we walk out to the buffet, we pay somewhere between $12 and $60, depending on what level of buffet we're at, we eat some food, and we leave. And unless we're very, very strategic, they make a lot of money on us because we ate waffles and eggs, we didn't just eat shrimp and oysters or whatever it is that the money food is. The second option, and this is generally a Vegas thing, is Dylan, you can buy a buffet pass. So you buy a buffet pass, and it means that in this group of properties, maybe I can go to the buffet at Harrah's, the buffet at The LINQ, the buffet at the Flamingo, and I could do that all day long, as often as I want to go. But that costs a premium price; that probably cost you a little bit more than if you just went three separate times; I don't know how often people are eating. And obviously, that customer is producing revenue, because how much could you possibly eat? So an airline could say, "OK, I know that Dylan does a weekly commuter flight. I can give him some peace of mind by knowing that Thanksgiving week he's not going to face jacked up prices, he can give me some peace of mind knowing I'm going to have his revenue." But again, these are going to be nibble-at-the-edge kinds of changes; that's not the normal way people go to buffets. Lewis: Yeah, I think that's right, Dan, because you could see them doing something where, you know, they know that the 11:00 p.m. Boston-to-New York flight that they do every day is currently at 50% capacity, in a normal basis non-COVID, and offer some deals related to that stuff, especially because business is such a huge part of the airline industry and those flights. But I think it's going to be hard for something to be truly all-you-can-fly anytime soon. Kline: Yeah, and Dylan, what you just said, I think talks into where AI is going to play a bigger role in the airline industry. It always amazed me, if I'm on an empty flight, that they don't have the ability to see like, wow! Tomorrow's flights are crowded, and you can always sell tomorrow's ticket, you can't sell the ticket in the empty seat for the flight that's about to leave. Why did they not have a deal with nice airport hotels, where they message me and they say, "Hey, Dan, you want to leave a day early? If you leave a day early, we'll put you up at the Marriott for the night, when you wake up, you'll be there." Like, that kind of optionality, they should be managing their schedule. And obviously, they've been doing a pretty good job managing their schedule, because you don't see empty planes prepandemic, you do see oversold planes. So it does feel like there should be innovations. And that might be -- maybe the 11:00 flight from Baltimore to West Palm, which is never crowded, and it is cheaper, but maybe they offer you a subscription where you could always get that flight for X amount of price. There's going to be some creativity, but it's going to be not a major wholesale change. And even in China, this isn't here to stay, this is here for the short term. Lewis: Yeah, I don't think that this is going to save the airline industry, from an operational standpoint. I think it's something that could possibly provide some cash short-term. You know, for the most part, when we see these types of promotions, they are most successfully run, you mentioned Panera before. Panera is doing all-you-can-drink coffee, and they are doing something where -- coffee is probably one of the cheapest things that they have in the store for them to make in terms of input cost, it gets you into the store, it gets you using their rewards program, it gets your credit card on file. Those are things that they are happy to exchange for several cups of coffee a week or several cups of coffee a month. The airline industry can't survive on that kind of model. Kline: Yeah, this would be like the airline model using peanuts to entice you on a plane. You know, that's the Panera coffee model. If Panera said, "OK, sandwiches and bagels are free now," hoping to drive coffee sales; [laughs] that would be an upside-down model. And the other one you mentioned on our prep sheet here, Dylan, is MoviePass, for those of you who don't remember, MoviePass was an all-you-can-attend movie service. You paid, I want to say $20/month, and then you could go to one movie a day, and you used like a credit card. Like, it looked like a debit card, and they'd bought the ticket for you. I used this, I abused this. And their idea was they were going to get data and use that data to make money. So here's the problem -- and I talked about this on another program this week, on Industry Focus earlier this week. The problem is what value is it to know that Dan went to see the Avengers three days in a row? So the data they're producing isn't all that valuable, and that's where the, sort of, free program delta is. You can find a way to make this work if it produces revenue in other areas. So if, you know, Disney World is letting me in cheaply, and because of that I'm eating dinner at an expensive steakhouse on property, that value proposition might be great for them. If they're letting me in cheaply and I'm bringing my own snacks and I'm not doing anything, maybe they've made a mistake. So I think you're going to see these offers in all areas, because they are enticing. You know, unlimited pasta gets a lot of attention for Olive Garden. One of our former colleagues won unlimited pasta for life. So [laughs] I assume she's not in great shape; you know, if that's the option. But those get a ton of attention, but they're gimmicks, you know, they're not changes to the business model. Lewis: Yeah, I do think, while we're saying that, you know, this is probably not likely to come in any real or sustainable way for the airline industry, there are probably going to be some things that show up over the next two months or so in an effort to bring some cash in, and hopefully avoid some of the furloughs or some of the layoffs that are currently being discussed. I know some airline operators have been able to say, like, "We don't think we're going to be furloughing employees, we don't think we're going to be laying people off," but that's largely because they had a lot of early departure deal signed with employees who were probably on or near the cusp of retirement anyways. So even the folks who aren't going to be in that position are really making decisions that aren't necessarily great long term for the employees or necessarily the business. Kline: Yeah, and, Dylan, I'll jump in with one last thing on this topic. The prices right now for most flights are so low that it's effectively all-you-can-fly anyway. My round-trip ticket to Vegas, which I rebooked from having a stop to being nonstop, my ticket, plus my son's ticket, with all the taxes is under $200. I have never flown myself on a good airline to Vegas for that price. I've flown on Frontier for that price. I would argue that twice the price on another airline is probably a better deal. So right now, they're just trying to generate demand. We've talked about this: Cruise ships are offering incredible discounts so they can have press conferences and say, "Yeah, 2021 booking volume looks great." That's all about optics, that's all about making you feel good about your decision to do it. Because right now, it's a little difficult to decide what's safe. You know, if I said to you, Dylan, I'll give you a free cruise, it's going to be a third full, here's the long list of safety procedures. I might do it, you might do it, but someone a little older than us might not, you know? So they have to have pictures of people on an airline doing this. Same thing with cruise lines, same things with Disney World, you're not seeing a ton of publicity out of Disney World right now, because the crowds aren't good. You know, so you got to get confidence back, and low prices, gimmicky deals, that will do that. Lewis: Our second story, Dan, and this is what we teased at the intro, we have an unlikely name putting up over 1,000% returns. This week, since Monday, Kodak shares are up 1,100%. This is a company that probably a lot of people totally forgot about. Kline: I had no idea they still existed. This was a company, you remember Dylan when BlackBerry was a company that was, like, on our radar? It was like a ton of Fool.com stories, and then they stopped making a phone and then they'd make one, and that would be a flurry. They still exist, they're actually a reasonably healthy company. TiVo, another one that I was surprised -- and I interviewed the CEO -- I was really surprised to learn they had a CEO and that they were still a company. But this one actually makes sense. So what did Kodak make? They made film. I had no idea, but making film was actually a fairly technical process, and it gave them expertise in making things that use complex chemicals. So what's happened here is they've got a $765 million government loans to make, I don't even know how to describe it, the underpinnings of drugs. You know, some of the technical compounds that you need to make other things that we've largely been importing from India or from China, from other countries. This is done under the Defense Act. So we control more of our own supply chain. So at the surface, you know, I'm making a lot of jokes about pictures, but then the reality is, oh, wait a minute, this is actually like a pretty logical offset of what they do. Lewis: Yeah, the term, the industry term is active pharmaceutical ingredients or API. And, yeah, I mean this is kind of a national security thing, you know, to invoke the Defense Act to be able to do it, kind of speaks to that a little bit. And you know, we were kind of having a little fun about how we had forgotten this business existed. I went back and looked in; this company has not posted year-over-year revenue growth since 2004. So it has been in almost 15 years of sequential decline, an absolute tailspin. And if you look over the past 12 months, their revenue is a tenth of what it was in the mid-2000s. This is going to be something that immediately is a massive business for them, but their chief executive, Jim Continenza, told Wall Street Journal that he expects pharmaceutical ingredients to make up 30% to 40% of business over time. So it could become a sizable contributor for them. Kline: So there's a big ramp-up for this. You have to build the capacity to do it. Just because you can create it in the lab doesn't mean you have the ability to mass produce, but once they can do it, there's going to be an enormous amount of pressure to bring this manufacturing back. It's fine if our video game systems and our smartphones are made elsewhere; it's probably not great to be reliant on a global supply chain for things that literally could go into the vaccines we're going to need, that could be part of the solution for all of this. I think they're downplaying how big a business this could potentially be, partially because their stock went up so quickly. I believe trading had to be halted five or six times. And be careful about that, folks, because we don't really know the numbers here. We got a bit of good news about a stock that was lightly traded, and that sent shares crazy higher. So let's maybe wait till the next quarter before we throw any money after that. Lewis: Yeah, I mean, that's the natural question here, Dan, is this an investable idea, you know, and... Kline: It was if you knew about this two days ago. [laughs] Lewis: [laughs] Yeah, I think it's a time machine stock, right, where if you knew on Monday that this was going to happen, for sure, you know why wouldn't you do it. But there's so much that needs to go right and so much that is currently unproven. I mean, Kodak does actually have a history working in the drug industry. If you go back to the 90s, they were involved in the production of nonprescription medicines, including aspirin, but they sold that business off to SmithKline Beecham [GlaxoSmithKline] for just under $3 billion. So they do have some time doing this, but that was before this business went through bankruptcy, that was probably several leadership teams and midlevel management teams ago. So they're going to have to rebuild a lot of that. Kline: Yeah, I can't imagine their headcount was all that high given where their business was, and they've talked about how the area of upstate New York they're in, they're going to have to build out, hire people. Look, this is really exciting, but from an investment point of view, we don't know the numbers. And I'm sure -- how excited is someone, Dylan, who forgot they owned Kodak stock, it's been sitting [laughs] in their portfolio, and they woke up this morning and all of a sudden, it's 3,000% higher. There's got to be somebody who had that story. This is really exciting news for us as a country, I think it's important. And I'm all in favor of a global supply chain, but we've seen with some of the issues around the world that, hey, it's nice when the farm down the street from you grows tomatoes, because it might be difficult to get tomatoes from, you know, Mexico at the moment. It's great that you can fish for shrimp in Key West, because we had trouble getting fish from the places we normally get fish from. So this gives us some optionality as a country, a little bit more security. And it's long term. You know, look, 10 years from now this is probably great for Kodak, we don't know what this is going to look like. There's a massive expense that goes with this. And remember, this $765 million, it's a loan. Loans have to be paid back. I don't think this is a forgivable loan. So there's a long road from, hey, this is good news and you should celebrate today, Kodak, but tomorrow, you're going to get to work and it's going to take a while. Lewis: Yeah, my view on this is, probably from a macro perspective and just looking at our economy, it's awesome. You know, it's great to bring back a business that was really struggling and needed something to be excited about. I'm not buying the stock. And I will happily follow the story, but so much needs to go right. And we have so few details on really what this looks like and how much it contributes to their business. Kline: Dylan, how upset do you think the people at Polaroid are right now? Lewis: [laughs] Yeah. You know, that's another business from like -- I haven't heard that name in a long time. Kline: I actually have no idea if they're a stand-alone business. Polaroid actually had a lot of struggles with its pensions and issues that may -- they may not still be a stand-alone brand. I joke about this, but you know, I brought up BlackBerry before. Sometimes there are companies that are still chugging along and doing nice business. BlackBerry was really a turnaround story, but they're just, kind of, not sexy. So as investors, we don't really talk about them. And that probably makes sense, because they're a nice going concern. They're not really a growth business. We don't know if this is going to be a steady business for Kodak that's good for the people who work there or if it's going to be something they can build upon, you know? And, hey, look, if they can get 20% of the U.S. market for this, that's going to be one heck of a big company, but there's no reason that other players can't pop up. And you know, you don't know what your pricing is going to be. Don't invest in this right now, [laughs] that's really all I can say about it. Lewis: Yeah, I file this one in the "hard" bucket. And sometimes it's nice to just be able to say, I'm happy this is happening, but it seems hard and I would rather invest and put my own money in something that seems a little bit easier, is a little bit more predictable and doesn't require as much hoop jumping for me to see the end of the tunnel. Kline: If I owned it two days ago by accident or because it has been sitting there since 1998, I'd be selling it today, because when stocks make these kind of moves for these kind of reasons -- again, this will be a nice business; we don't know if it's an investable business. Lewis: I think that's a good way to leave things off. Dan, thanks so much for joining me on today's show. Kline: Thanks for having me. Lewis: All right, listeners, that's going to do it for this episode of Industry Focus. If you have any questions or you want to reach out and say "Hey!" shoot us an email over at IndustryFocus@Fool.com or tweet us @MFIndustryFocus. If you want more stuff, subscribe on iTunes or wherever you get your podcasts. As always, people on the program may own companies discussed on the show, and The Motley Fool may have formal recommendations for or against stocks mentioned, so don't buy or sell anything based solely on what you hear. Thanks to Tim Sparks for all his work behind the glass. Thanks for listening, and Fool on! 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. Daniel B. Kline owns shares of Facebook, Microsoft, and Walt Disney. Dylan Lewis owns shares of Walt Disney. The Motley Fool owns shares of and recommends Facebook, Microsoft, and Walt Disney. The Motley Fool recommends BlackBerry, JetBlue Airways, Marriott International, Southwest Airlines, and Uber Technologies and recommends the following options: long January 2021 $60 calls on Walt Disney, short October 2020 $125 calls on Walt Disney, long January 2021 $85 calls on Microsoft, and short January 2021 $115 calls on Microsoft. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Because when it's the airlines, it's clearly promotional, it's clearly to bring cash in and lock in money, because they need it so desperately, because it's not sustainable for them to continue to offer all-you-can-fly in a world where people can freely fly and pay for things. Lewis: Yeah, I do think, while we're saying that, you know, this is probably not likely to come in any real or sustainable way for the airline industry, there are probably going to be some things that show up over the next two months or so in an effort to bring some cash in, and hopefully avoid some of the furloughs or some of the layoffs that are currently being discussed. As always, people on the program may own companies discussed on the show, and The Motley Fool may have formal recommendations for or against stocks mentioned, so don't buy or sell anything based solely on what you hear.	In this episode of Industry Focus: Wildcard, Dylan Lewis chats with Motley Fool contributor Dan Kline about how airlines are adapting to the post-COVID world. The Motley Fool owns shares of and recommends Facebook, Microsoft, and Walt Disney. The Motley Fool recommends BlackBerry, JetBlue Airways, Marriott International, Southwest Airlines, and Uber Technologies and recommends the following options: long January 2021 $60 calls on Walt Disney, short October 2020 $125 calls on Walt Disney, long January 2021 $85 calls on Microsoft, and short January 2021 $115 calls on Microsoft.	Lewis: Yeah, I think that's right, Dan, because you could see them doing something where, you know, they know that the 11:00 p.m. Boston-to-New York flight that they do every day is currently at 50% capacity, in a normal basis non-COVID, and offer some deals related to that stuff, especially because business is such a huge part of the airline industry and those flights. I know some airline operators have been able to say, like, "We don't think we're going to be furloughing employees, we don't think we're going to be laying people off," but that's largely because they had a lot of early departure deal signed with employees who were probably on or near the cusp of retirement anyways. Kline: If I owned it two days ago by accident or because it has been sitting there since 1998, I'd be selling it today, because when stocks make these kind of moves for these kind of reasons -- again, this will be a nice business; we don't know if it's an investable business.	We don't ever want to be doing that. No, I don't think they will. Kline: If I owned it two days ago by accident or because it has been sitting there since 1998, I'd be selling it today, because when stocks make these kind of moves for these kind of reasons -- again, this will be a nice business; we don't know if it's an investable business.
5444.0	2020-08-04 00:00:00 UTC	American Airlines, union reach deal to limit involuntary furloughs	AAL	https://www.nasdaq.com/articles/american-airlines-union-reach-deal-to-limit-involuntary-furloughs-2020-08-04	nan	nan	WASHINGTON, Aug 4 (Reuters) - American Airlines Co AAL.O and the Allied Pilots Association have reached an agreement on voluntary options for pilots to help reduce involuntary furloughs, the airline said in a memo Tuesday. Last month, American Airline said it was sending 25,000 notices of potential furloughs to frontline workers, including 2,500 pilots or about 18% of the total. (Reporting by David Shepardson; Editing by Sandra Maler) ((David.Shepardson@thomsonreuters.com; + 1 2028988324;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	WASHINGTON, Aug 4 (Reuters) - American Airlines Co AAL.O and the Allied Pilots Association have reached an agreement on voluntary options for pilots to help reduce involuntary furloughs, the airline said in a memo Tuesday. Last month, American Airline said it was sending 25,000 notices of potential furloughs to frontline workers, including 2,500 pilots or about 18% of the total. (Reporting by David Shepardson; Editing by Sandra Maler) ((David.Shepardson@thomsonreuters.com; + 1 2028988324;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	WASHINGTON, Aug 4 (Reuters) - American Airlines Co AAL.O and the Allied Pilots Association have reached an agreement on voluntary options for pilots to help reduce involuntary furloughs, the airline said in a memo Tuesday. Last month, American Airline said it was sending 25,000 notices of potential furloughs to frontline workers, including 2,500 pilots or about 18% of the total. (Reporting by David Shepardson; Editing by Sandra Maler) ((David.Shepardson@thomsonreuters.com; + 1 2028988324;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	WASHINGTON, Aug 4 (Reuters) - American Airlines Co AAL.O and the Allied Pilots Association have reached an agreement on voluntary options for pilots to help reduce involuntary furloughs, the airline said in a memo Tuesday. Last month, American Airline said it was sending 25,000 notices of potential furloughs to frontline workers, including 2,500 pilots or about 18% of the total. (Reporting by David Shepardson; Editing by Sandra Maler) ((David.Shepardson@thomsonreuters.com; + 1 2028988324;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	WASHINGTON, Aug 4 (Reuters) - American Airlines Co AAL.O and the Allied Pilots Association have reached an agreement on voluntary options for pilots to help reduce involuntary furloughs, the airline said in a memo Tuesday. Last month, American Airline said it was sending 25,000 notices of potential furloughs to frontline workers, including 2,500 pilots or about 18% of the total. (Reporting by David Shepardson; Editing by Sandra Maler) ((David.Shepardson@thomsonreuters.com; + 1 2028988324;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
5445.0	2020-08-04 00:00:00 UTC	9 Top Robinhood Stocks You May Want to Avoid Here	AAL	https://www.nasdaq.com/articles/9-top-robinhood-stocks-you-may-want-to-avoid-here-2020-08-04	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips At the height of the pandemic, amid stay-at-home orders, retail investors flooded onto the zero-commission Robinhood stock trading platform. Since then, so-called Robinhood stocks have become something of a pejorative among experienced investors. After all, the conventional wisdom is that retail investors tend to enter a market at the top. The dot-com bubble of the late 1990s, which burst in early 2000, is best perhaps the best example. Of course, that’s not what happened in 2020. In this case, the retail investors were right. Robinhood’s trading activity picked up noticeably in March, when stocks plunged as institutions and hedge funds fled the market. Individual investors, by and large, bought at the bottom. Thousands made huge profits in names like Tesla (NASDAQ:TSLA) and Amazon (NASDAQ:AMZN). As David Kass, a clinical professor of finance at the University of Maryland’s Robert H. Smith School of Business, explained in an email to InvestorPlace, “Robinhood has introduced trading in stocks, ETFs, and options to a new generation of young investors in their 20’s and 30’s by providing these services without charging any commissions or fees. As a result of offering investors the opportunity to invest in fractional shares with as little as $1, the world of investing in equities has been democratized such that virtually everyone can participate.” As markets have normalized, however, some widely owned Robinhood stocks, as compiled by the excellent website Robintrack.net, look questionable. Multiple biotechs have soared on minimal news related to a novel coronavirus vaccine or treatment, only to collapse almost as quickly. Stocks near or even in bankruptcy, like Chesapeake Energy (NYSE:CHK) and J.C. Penney (OTCMKTS:JCPNQ) saw huge, unsustainable rallies. 8 5G Stocks to Get Rich Off Our Information Addiction So while Robinhood investors timed the market well, they also have owned, and still own, a few duds. Here are nine of those Robinhood stocks. All are in the top 100 stocks on the platform, per Robintrack data. And all probably shouldn’t be: Hertz (NYSE:HTZ) Aurora Cannabis (NYSE:ACB) GoPro (NASDAQ:GPRO) Genius Brands (NASDAQ:GNUS) United States Oil Fund (NYSEARCA:USO) iBio (NYSEMKT:IBIO) AMC Entertainment (NYSE:AMC) American Airlines (NASDAQ:AAL) General Electric (NYSE:GE) Robinhood Stocks to Avoid: Hertz (HTZ) Source: aureliefrance / Shutterstock.com Hertz helped give Robinhood stocks their reputation. As InvestorPlace Markets Analyst Thomas Yeung noted on this site, 11,000 Robinhood investors bought shares the day after the company declared bankruptcy in May. At one point, Hertz was in Chapter 11 and still had a market capitalization over $700 million. The gains have faded since, but HTZ stock remains one of the biggest Robinhood stocks. According to Robintrack data, HTZ still is the 57th-most-owned stock on the Robinhood platform. It’s ahead of popular stocks like DraftKings (NASDAQ:DKNG) and General Motors (NYSE:GM), among many others. And the stock still has a market capitalization of almost $200 million. HTZ in fact has rallied 166% following an 80% plunge when bankruptcy was declared. After those gains, the current valuation simply doesn’t make much sense. The only way the common stock will have any value at all is if the value of Hertz’s assets clears its debt. That seems highly unlikely, barring a massive and sustained increase in used car values. With the bankruptcy itself likely to cost hundreds of millions of dollars, and ongoing losses amid a collapse in demand, the math simply doesn’t work. It’s long since past time to move on from Hertz stock. Aurora Cannabis (ACB) Source: Shutterstock Robinhood investors, perhaps unsurprisingly, are fond of cannabis stocks. Many of the most widely owned names come from the sector. That optimism admittedly makes some sense. Cannabis stocks aren’t necessarily cheap, given many aren’t yet profitable. But they’re certainly cheaper than they have been. Meanwhile, the industry retains some long-term potential. It’s abundantly clear at this point that Canadian operators, in particular, are dealing with oversupply. Even Canopy Growth (NYSE:CGC) CEO David Klein has admitted that there are “no logical buyers” for production facilities. But cannabis producers are responding, which should at some point lead to pricing stabilization and, hopefully, positive earnings and free cash flow. So the issue isn’t necessarily the optimism toward the sector. It’s the top two choices: Aurora and Hexo (NYSE:HEXO). Both companies have significant balance sheet problems. In even a best-case scenario, both will be playing defense for years to come. Meanwhile, the likes of Canopy and Cronos (NASDAQ:CRON) sit with substantial cash — and thus plenty of flexibility to respond to market challenges going forward. It seems like Robinhood investors, to at least some degree, have focused on the low share prices of ACB (before its reverse split) and HEXO. That’s a mistake. Those shares prices are low for a reason. Even cannabis bulls should be looking elsewhere. Robinhood Stocks to Avoid: GoPro (GPRO) Source: Larry George II / Shutterstock.com There are worse stocks on this list than GoPro, at least in my opinion. GoPro is the leader in the action camera category. Valuation, at least based on revenue — and expected profits next year — is reasonable at worst. That said, it is hard to see much of a reason to get excited about GPRO stock. The action camera category is stagnant. Profitability has been inconsistent. It’s possible GoPro at some point becomes an acquisition target, but bulls have been making that case for years now. Robinhood investors see GPRO stock very differently, however. The stock is the 10th-most owned on the platform, with nearly half a million shareholders. It’s ahead of AMZN, Boeing (NYSE:BA) and many other companies with market values 100x higher. That kind of optimism seems like too much. GPRO has been dead money for years now, and that may continue for quite a while. Genius Brands (GNUS) Source: patat / Shutterstock.com Starting on May 5, GNUS stock rose almost 25-fold in less than a month. Robinhood buying appears to have been a key catalyst. Ownership went from roughly 5,000 in early May to nearly 200,000 by mid-June. The problem was that there wasn’t a lot of reason for the rally — or the buying. Bulls — aided by a fair amount of promotion by the company — saw Genius Brands as potentially a Netflix (NASDAQ:NFLX) alternative for kids. But as InvestorPlace Markets Analyst Luke Lango argued this month, that case seems far too optimistic. And so it’s no surprise that GNUS has given back a good chunk of its gains. The problem is that shares still are up over 400% from their early May levels. The company’s Kartoon Channel hardly seems like enough to support that kind of move, even with Genius Brands taking advantage of the rally to improve its balance sheet. It seems likely that at some point, even the remaining die-hard fans will exit, leaving GNUS back where it started. Robinhood Stocks to Avoid: United States Oil Fund (USO) Source: Shutterstock The United States Oil Fund truly highlights the diverging perspectives surrounding Robinhood stocks. On one hand, the huge increase in ownership of USO seems questionable, to say the least. USO is supposed to track crude spot prices. But the problem is that the fund has to use futures to do so. Over time, rolling over those futures has steadily eroded the value of the fund. As InvestorPlace’s Todd Shriber noted in late May, the fund through March 31 had posted an annualized loss of 18%. And so the roughly 150,000 investors who own USO don’t seem to understand the entire story. In fact, many flooded into the fund in April, when USO had to execute a 1-for-8 reverse split after oil futures briefly went negative. Instead of learning from the fund’s troubles — and a noted change in its structure — Robinhood investors went in full-bore. But those investors, whether they understand the fund or not, have been right. USO is up over 60% since the reverse split. Once again, the investors being scorned for their lack of knowledge are handily outperforming those who supposedly know better. iBio (IBIO) Source: Shutterstock As far as coronavirus plays go, the same dynamics seems to hold. Robinhood investors were early to some of 2020’s best stocks, including Moderna (NASDAQ:MRNA) and Inovio (NASDAQ:INO). But, as I wrote about INO stock this month, on the whole, individual investors seem to be pricing in too much success into too many names. And we’ve seen some questionable biotech stocks post huge rallies on little news beyond a press release or two. From here, iBio looks like one of those questionable biotechs. iBio took advantage of the Ebola pandemic to raise capital — and hopes — surrounding its pipeline. Nothing came of that optimism, and by last year the company had a market capitalization under $10 million. It’s not guaranteed that history repeats itself. But with so many firms — among them the world’s greatest biotech and pharma companies — trying to develop a vaccine, it seems far too risky that iBio will be the winner this time. Robinhood Stocks to Avoid: AMC Entertainment (AMC) Source: Helen89 / Shutterstock.com Movie theater operator AMC Entertainment seems like a perfect play on the return to normalcy. Shares are down 43% so far this year, but once a coronavirus vaccine or treatment arrives, demand should rebound in a hurry. Robinhood investors certainly are buying the case. AMC is the 54th-most owned stock on the entire platform, despite a market capitalization under $500 million. There’s one big problem with the case, however: AMC stock isn’t cheap. Yes, it’s down 43% so far this year. But considering losses this year, and debt raised to fund those losses, AMC including debt actually is nearly as expensive as it was at the start of the year. Meanwhile, in part because of that debt, the stock looked like a value trap even before the coronavirus began to spread. With bankruptcy a very real risk, AMC seems like one of the Robinhood stocks that the platform has gotten wrong. American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com AMC isn’t the only play on normalcy among Robinhood stocks. American Airlines is a major holding, with over 650,000 users. That’s the third-highest figure on the entire platform. But as I detailed earlier this week, AAL stock isn’t the right play, even for airline bulls. Like AMC, American has a troubling amount of debt. In fact, it almost certainly has the worst balance sheet of the four major U.S. airlines. Management is a concern as well, even in the context of an industry that badly erred in preparing for the next crisis. There is a better option in terms of playing an airline rebound, which admittedly is one of the more-owned Robinhood stocks: Southwest Airlines (NYSE:LUV). A better balance sheet and better management seems to make LUV a better choice, even if Robinhood investors disagree. Robinhood Stocks to Avoid: General Electric (GE) As far as cheap stocks go, General Electric probably isn’t a terrible choice. New CEO Larry Culp is trying to right the ship. Asset sales have helped the balance sheet. GE at $30-plus a few years back was a clearly dangerous name, even at the time. Under $7, it’s not the worst gamble in the market. Still, the risks here remain significant. And there are reasons why GE stock hasn’t been able to match the optimism that greeted Culp’s hire in October 2018. Boeing’s problems are a factor. The pandemic hasn’t helped, either. The broader issue, however, remains the same: GE is not what it was. GE Healthcare is an excellent business, but Power is a mess, Aviation is struggling, and there’s not much left after a series of divestitures. From a distance, GE stock looks worth the gamble. Looking closer, the case gets much more cloudy. Yet GE stock, somewhat incredibly, is the second-most owned of all Robinhood stocks. Only Ford (NYSE:F), another once-great company struggling to execute a turnaround, is more popular. In both cases, however, Robinhood investors seem to be looking backward, instead of forward. After spending time at a retail brokerage, Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. He has no positions in any securities mentioned. The post 9 Top Robinhood Stocks You May Want to Avoid Here 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.	And all probably shouldn’t be: Hertz (NYSE:HTZ) Aurora Cannabis (NYSE:ACB) GoPro (NASDAQ:GPRO) Genius Brands (NASDAQ:GNUS) United States Oil Fund (NYSEARCA:USO) iBio (NYSEMKT:IBIO) AMC Entertainment (NYSE:AMC) American Airlines (NASDAQ:AAL) General Electric (NYSE:GE) Robinhood Stocks to Avoid: Hertz (HTZ) Source: aureliefrance / Shutterstock.com Hertz helped give Robinhood stocks their reputation. American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com AMC isn’t the only play on normalcy among Robinhood stocks. But as I detailed earlier this week, AAL stock isn’t the right play, even for airline bulls.	And all probably shouldn’t be: Hertz (NYSE:HTZ) Aurora Cannabis (NYSE:ACB) GoPro (NASDAQ:GPRO) Genius Brands (NASDAQ:GNUS) United States Oil Fund (NYSEARCA:USO) iBio (NYSEMKT:IBIO) AMC Entertainment (NYSE:AMC) American Airlines (NASDAQ:AAL) General Electric (NYSE:GE) Robinhood Stocks to Avoid: Hertz (HTZ) Source: aureliefrance / Shutterstock.com Hertz helped give Robinhood stocks their reputation. American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com AMC isn’t the only play on normalcy among Robinhood stocks. But as I detailed earlier this week, AAL stock isn’t the right play, even for airline bulls.	And all probably shouldn’t be: Hertz (NYSE:HTZ) Aurora Cannabis (NYSE:ACB) GoPro (NASDAQ:GPRO) Genius Brands (NASDAQ:GNUS) United States Oil Fund (NYSEARCA:USO) iBio (NYSEMKT:IBIO) AMC Entertainment (NYSE:AMC) American Airlines (NASDAQ:AAL) General Electric (NYSE:GE) Robinhood Stocks to Avoid: Hertz (HTZ) Source: aureliefrance / Shutterstock.com Hertz helped give Robinhood stocks their reputation. American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com AMC isn’t the only play on normalcy among Robinhood stocks. But as I detailed earlier this week, AAL stock isn’t the right play, even for airline bulls.	And all probably shouldn’t be: Hertz (NYSE:HTZ) Aurora Cannabis (NYSE:ACB) GoPro (NASDAQ:GPRO) Genius Brands (NASDAQ:GNUS) United States Oil Fund (NYSEARCA:USO) iBio (NYSEMKT:IBIO) AMC Entertainment (NYSE:AMC) American Airlines (NASDAQ:AAL) General Electric (NYSE:GE) Robinhood Stocks to Avoid: Hertz (HTZ) Source: aureliefrance / Shutterstock.com Hertz helped give Robinhood stocks their reputation. American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com AMC isn’t the only play on normalcy among Robinhood stocks. But as I detailed earlier this week, AAL stock isn’t the right play, even for airline bulls.
5446.0	2020-08-04 00:00:00 UTC	XpresSpa Stock Needs to Overcome Short-Term Troubles	AAL	https://www.nasdaq.com/articles/xpresspa-stock-needs-to-overcome-short-term-troubles-2020-08-04	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips XpresSpa Group (NASDAQ:XSPA) has not had a very good run. Well, at least over the long term. XSPA stock is actually up over 81% so far in 2020 and has surged more than 2,000% from the March low. Source: Africa Studio/Shutterstock This stock was left for absolute dead, trading down to 15 cents per share a few months ago. Now trading for around $4.50, there’s plenty of life in this name as of late. That said, let’s toss some cold water on these numbers and bring reality back to the center of attention. It had stellar performance this year, with shares up 39% over the past 12 months. However, over the last two years, shares are down almost 75%. Over the last three years, that loss swells to 93% and to 98.8% over the last five years. With all of that in mind, let’s dig a little deeper on XSPA stock. Breaking Down XpresSpa’s Numbers For those unfamiliar with XpresSpa, it “offers travelers spa services, including massage, nail and skin care, as well as spa and travel products.” Though of late, it has also turned its attention toward the Covid-19 testing market. 8 5G Stocks to Get Rich Off Our Information Addiction With plunging airline traffic, one can see why this stock was in free-fall too. However, like Whiting Petroleum (NYSE:WLL) and many others, its problems were present before the novel coronavirus, not a result of it. Covid-19 only made matters worse. Remember, the share price collapsed long before the coronavirus came about. While the stock has recovered well since, XSPA has its work cut out for it — just to survive. A glance at the balance sheet reveals a red flag. While total assets of $29.1 million are not significantly lower than the $32.9 million held in total liabilities, the current ratio is an issue. There are real concerns here about XpresSpa’s ability to meet its short-term obligations. Making matters worse — and as one would expect — revenue and cash flows are plunging. Click to Enlarge Free cash flow has been an issue here for a while. While XpresSpa has endured a free cash outflow over the past few years, it was improving. From 2017, cash outflow went from -$16.9 million to -$9.6 million to -$2.4 million in fiscal 2019. In Q1 2020 though, free cash flow plunged to -$4.1 million. Keep in mind, airline traffic was solid for the first two months of the quarter. It only plunged once Covid-19 leveled traveling trends around the world. We’ve heard from Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL) and others: Q2 was a nightmare. While travel trends are improving, they are not robust, as shown on the chart above. Trading XSPA Stock Click to Enlarge Source: Chart courtesy of StockCharts.com The company has partnered with HyperPointe for Covid-19 screening at airports. With traffic on the mend, it’s possible that XpresSpa saw its business bottom in the second quarter. That appears to be the case with the airlines, although financially, most are on better footing that this company. Really, that is the main issue. While the company took efforts to improve its liquidity, there’s a huge question of whether it will be enough. Not to mention the simple Peter Lynch way of investing through common sense observations. In other words, even with XpresSpa open, how many people will be lining up to get airport treatments with Covid-19 still booming in the U.S.? Will the addition of testing be enough? The charts don’t seem to mind. After a prolonged pullback from the June high — much like the airline stocks — XSPA stock broke through downtrend resistance (blue line) and is now clearing the 23.6% retracement and the 50-day moving average. Above puts the 38.2% retracement in play, followed by the $5 level. Above that opens the way to more upside. On the downside, I would consider a close below $2.19 a very bearish development. It would land XSPA stock below the 200-day moving average and the May, June and July lows. It would certainly put a gap-fill down toward $1.50 in the realm of possibilities. The charts here could be much worse, given the fundamentals. Either way, it’s not a name for me to invest in, given its shaky footing and volatility. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. The post XpresSpa Stock Needs to Overcome Short-Term Troubles 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.	We’ve heard from Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL) and others: Q2 was a nightmare. Source: Africa Studio/Shutterstock This stock was left for absolute dead, trading down to 15 cents per share a few months ago. Click to Enlarge Source: Chart courtesy of StockCharts.com The company has partnered with HyperPointe for Covid-19 screening at airports.	We’ve heard from Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL) and others: Q2 was a nightmare. InvestorPlace - Stock Market News, Stock Advice & Trading Tips XpresSpa Group (NASDAQ:XSPA) has not had a very good run. In Q1 2020 though, free cash flow plunged to -$4.1 million.	We’ve heard from Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL) and others: Q2 was a nightmare. InvestorPlace - Stock Market News, Stock Advice & Trading Tips XpresSpa Group (NASDAQ:XSPA) has not had a very good run. Breaking Down XpresSpa’s Numbers For those unfamiliar with XpresSpa, it “offers travelers spa services, including massage, nail and skin care, as well as spa and travel products.” Though of late, it has also turned its attention toward the Covid-19 testing market.	We’ve heard from Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL) and others: Q2 was a nightmare. Remember, the share price collapsed long before the coronavirus came about. While XpresSpa has endured a free cash outflow over the past few years, it was improving.
5447.0	2020-08-04 00:00:00 UTC	Why Airline Stocks Are Flying Higher Today	AAL	https://www.nasdaq.com/articles/why-airline-stocks-are-flying-higher-today-2020-08-04	nan	nan	What happened Shares of airline stocks got a lift on Tuesday following the release of data from the Transportation Security Administration (TSA) showing a recent rebound in travel volumes. The industry still has a long way to go to fully recover from the COVID-19 pandemic, but during a difficult period every bit of added revenue is a plus. Discounter Spirit Airlines (NYSE: SAVE) led the way, up 8.9% as of 11:30 EDT, with shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), and Southwest Airlines (NYSE: LUV) all solidly in the green. So what More than 737,000 passengers were screened by TSA airport staff on Monday, the fifth straight day the number topped 700,000 after posting declines and daily numbers falling below 600,000 on many occasions over the past two weeks. Those late July declines were interpreted as bad news for an airline recovery. We're solidly off of the lows of less than 100,000 passengers screened daily in late April, but investors had feared that a combination of spiking COVID-19 cases in travel hotspots including Florida and California and concerns about the economy were destroying whatever momentum airlines had. Image source: Getty Images. Spirit is outperforming because, although the small airline remains a risky stock to buy, it is seen as one of the best able to benefit from a period of slow growth. Spirit's costs are lower than any of its domestic competitors', meaning it should be able to make money on lower fares than its rivals. In a bleak travel market where airlines are likely to use fare sales to try to stimulate demand, Spirit is well positioned to win. Now what It's important to note that Monday's travel throughput figures, while better than late July's, still only represented 28% of the total screenings done on Aug. 3, 2019. And with most of the current demand tied to tourism, it is likely to fade as summer ends. Indeed, airlines appear more likely to shrink than to grow in the months to come. In the meantime, airlines are likely to trade up and down based on progress in containing the pandemic and sentiment on the overall economy. For those with the patience to ride through the turbulence, there are opportunities to buy into the industry's top names, but be warned that even in the best of circumstances those investments are likely to take years to pay off. 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 June 2, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of and recommends Spirit Airlines. The Motley Fool recommends Delta Air Lines, JetBlue Airways, and Southwest Airlines. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Discounter Spirit Airlines (NYSE: SAVE) led the way, up 8.9% as of 11:30 EDT, with shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), and Southwest Airlines (NYSE: LUV) all solidly in the green. What happened Shares of airline stocks got a lift on Tuesday following the release of data from the Transportation Security Administration (TSA) showing a recent rebound in travel volumes. We're solidly off of the lows of less than 100,000 passengers screened daily in late April, but investors had feared that a combination of spiking COVID-19 cases in travel hotspots including Florida and California and concerns about the economy were destroying whatever momentum airlines had.	Discounter Spirit Airlines (NYSE: SAVE) led the way, up 8.9% as of 11:30 EDT, with shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), and Southwest Airlines (NYSE: LUV) all solidly in the green. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool recommends Delta Air Lines, JetBlue Airways, and Southwest Airlines.	Discounter Spirit Airlines (NYSE: SAVE) led the way, up 8.9% as of 11:30 EDT, with shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), and Southwest Airlines (NYSE: LUV) all solidly in the green. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool recommends Delta Air Lines, JetBlue Airways, and Southwest Airlines.	Discounter Spirit Airlines (NYSE: SAVE) led the way, up 8.9% as of 11:30 EDT, with shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), and Southwest Airlines (NYSE: LUV) all solidly in the green. We're solidly off of the lows of less than 100,000 passengers screened daily in late April, but investors had feared that a combination of spiking COVID-19 cases in travel hotspots including Florida and California and concerns about the economy were destroying whatever momentum airlines had. That's right -- they think these 10 stocks are even better buys.
5448.0	2020-08-03 00:00:00 UTC	Don’t Lose Hope on Delta Air Lines Despite Dismal Q2	AAL	https://www.nasdaq.com/articles/dont-lose-hope-on-delta-air-lines-despite-dismal-q2-2020-08-03	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s not a great year if you are invested in the airline sector. The novel coronavirus pandemic has wreaked havoc on the U.S. economy in general, but it has been particularly brutal on airlines. All the major carriers are busy shoring up their balance sheets to make sure they have enough funds to survive this crisis. That means a lot of debt at a time when revenues are nonexistent. That’s why it should come as no surprise that, year-to-date, Delta Air Lines (NYSE:DAL) stock is down almost 57%. DAL) plane flying through the clouds" width="300" height="169"> Source: NextNewMedia / Shutterstock.com But I believe there is more to the story than this. Every carrier has had its strategy in response to the pandemic. Some like American Airlines (NASDAQ:AAL) have decided to dig their heels in while others like DAL have decided to streamline operations and cut costs. I believe the latter stands to be in better shape during and after this crisis. That’s not to say that there aren’t any problems. The latest quarterly results are sobering and reinforce the fact that it will be a long road to recovery. However, there are bright spots as well. The U.S. government remains committed to supporting the airline industry, and daily cash burn is going down with each passing month. 7 Dividend Stocks to Buy for Beginners to Income Investing Ultimately, DAL stock is for those investors that can put their capital in for the long haul. If you are looking for quick returns, you won’t find them here. Cash Burn Is Coming Down The keyword for the airline industry in these trying times is survival. Despite encouraging numbers from the TSA, I still believe it will be a long time before we see numbers returning to pre-pandemic levels. Sure, there are reports that we could have a Covid-19 vaccine by the fall, but old habits die hard. During this pandemic, we have seen unprecedented use of Zoom Video Communications (NASDAQ:ZM) and Slack (NYSE:WORK) applications. The fact that several companies were able to shift their work online and reduce business travel successfully leads me to believe some permanent trends will develop due to Covid-19. Chief executive Ed Bastian himself said, “The number of trips that the average road warrior takes I’m sure is going to come down in certain cases,” when speaking to analysts. Long story short, it will be a long time before we see air traffic return to normal levels. In the meantime, DAL and other carriers will need liquidity to survive. At the end of the second quarter, the company had $15.7 billion in total liquidity — achieved through a mix of drawing on credit facilities, government support through the CARES Act, and sale-leaseback transactions. In detailing its financial results, Delta said it has acted aggressively and reduced cash burn to $27 million a day. That’s a steep drop from almost $100 million a day at the height of the crisis. What’s more, assuming the cash burn remains at this level, it gives the company a lifeline until January 2022. Streamlining Operations Delta management deserves a lot of credit for cutting costs and streamlining its operations. That is the primary reason why the carrier has managed to cut down costs so significantly within a short space of time. Delta has shelved its MD-90, MD-88, 737-700, and 777 and fleets. The company has also offered early retirements and voluntary unpaid leave, which thousands of employees have taken. A hiring freeze for all nonessential staff has also been instituted and salaries for officers and directors have been slashed by 50% and 25%, respectively. Overall, the company has managed to reduce operating expenses by $5.5 billion. Granted, a lot of these costs savings have to do with fuel expense going down due to the pandemic, but retiring older fleets, grounding over 700 aircraft, and cutting staff costs also played a part. My Final Word on DAL Stock Airlines are working in a dynamic environment — ever-changing and full of potential pitfalls. So, if you are not in it for the long haul, I think it would be best to stay away at this point. Price targets indicate that out of its peer group, DAL stock will grow the most — a heartening sign. However, don’t let this instill a false sense of optimism. Source: Chart by Faizan Farooque, data from Refinitiv For the next 12 to 18 months, things will slowly get back to normalcy. Although I agree that air travel demand might not ever reach pre-pandemic levels, I also do not agree with the skeptics. We’ve seen how people reacted when Las Vegas lifted lockdown restrictions and allowed casinos to open up. People want to see the back of this pandemic so they can get back to the way they lived. That includes air travel for business and personal reasons. Refunds are going down, and interstate travel is on the rise. DAL stock remains a buy for me, provided you are in for the long haul. Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. He has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. He does not directly own the securities mentioned above. The post Don’t Lose Hope on Delta Air Lines Despite Dismal Q2 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.	Some like American Airlines (NASDAQ:AAL) have decided to dig their heels in while others like DAL have decided to streamline operations and cut costs. The fact that several companies were able to shift their work online and reduce business travel successfully leads me to believe some permanent trends will develop due to Covid-19. Chief executive Ed Bastian himself said, “The number of trips that the average road warrior takes I’m sure is going to come down in certain cases,” when speaking to analysts.	Some like American Airlines (NASDAQ:AAL) have decided to dig their heels in while others like DAL have decided to streamline operations and cut costs. That’s why it should come as no surprise that, year-to-date, Delta Air Lines (NYSE:DAL) stock is down almost 57%. In detailing its financial results, Delta said it has acted aggressively and reduced cash burn to $27 million a day.	Some like American Airlines (NASDAQ:AAL) have decided to dig their heels in while others like DAL have decided to streamline operations and cut costs. 7 Dividend Stocks to Buy for Beginners to Income Investing Ultimately, DAL stock is for those investors that can put their capital in for the long haul. Long story short, it will be a long time before we see air traffic return to normal levels.	Some like American Airlines (NASDAQ:AAL) have decided to dig their heels in while others like DAL have decided to streamline operations and cut costs. Long story short, it will be a long time before we see air traffic return to normal levels. In detailing its financial results, Delta said it has acted aggressively and reduced cash burn to $27 million a day.
5449.0	2020-08-03 00:00:00 UTC	Here Are the Top 10 Most Popular Stocks on Robinhood	AAL	https://www.nasdaq.com/articles/here-are-the-top-10-most-popular-stocks-on-robinhood-2020-08-03	nan	nan	Stocks are America's favorite investment. More Americans believe investing in the stock market is a better option than investing in real estate over the next decade, according to a new study by Bankrate. And, increasingly, they're turning to Robinhood to buy stocks. The commission-free stock-trading platform allows new and experienced investors alike to quickly and cost-effectively invest in their favorite companies. The following 10 stocks are currently the most popular among Robinhood's more than 10 million users. But which of them are the best buys today? Buy the best. Avoid the rest. Image source: Getty Images. 1. Ford Seeing Ford Motor (NYSE: F) atop Robinhood's stock rankings is a bit surprising. Ford has underperformed the S&P 500 by a wide margin in recent years, and it's not exactly an exciting growth stock at this point. F Total Return Price data by YCharts Ford's place at the top of this list is likely related to its low stock price, which makes it easier for investors with smaller portfolios to buy more shares. But stock price alone is not a good reason to invest in a company, particularly now that Robinhood and other brokerages allow investors to buy fractional shares. Ford is progressing with its turnaround plan, but there are better stocks for you to buy. 2. GE General Electric (NYSE: GE) is another low-price stock that draws attention from value-hunters. Perhaps they should look elsewhere. Other than its relatively low price-to-cash-flow metrics, General Electric doesn't have much going for it. The coronavirus pandemic is wreaking havoc on its aviation business. Yet even before the crisis began, the struggles of several of GE's other divisions largely offset growth in its aviation and healthcare segments. Like Ford, GE is in the midst of a turnaround plan, the results of which remain uncertain. 3. American Airlines Robinhood investors seem to love beaten-down industries. But not every stock that loses a significant amount of its value recovers. On the contrary, many see their share prices continue to stagnate, and some even descend toward $0 as their businesses struggle and ultimately fail. American Airlines (NASDAQ: AAL) certainly fits the description of a beaten-down stock. Its shares have lost more than 60% of their value in 2020 after COVID-19 devastated the airline industry. While government assistance may have helped to keep the airlines in business, it might take years before they fully recover. In the meantime, American Airlines' stock could continue to languish. 4. Apple Unlike the first three stocks on this list, Apple (NASDAQ: AAPL) just delivered blockbuster financial results. Its third-quarter revenue rose 11% to a staggering $59.7 billion, while its earnings per share jumped an impressive 18% to $2.58. Apple is enjoying solid growth across all of its major products and services, as the work-from-home trend fuels demand for its iPhones, Macs, and iPads. Better still, Apple stands as a financial titan, with more than $193 billion in cash and investments on its fortress-like balance sheet and $60 billion in operating cash flow over its first three quarters of 2020. Robinhood users no doubt also appreciate Apple's upcoming 4-for-1 stock split, which will help to make its shares more affordable for more investors. 5. Disney Disney's (NYSE: DIS) unrivaled entertainment empire includes Marvel, Pixar, Lucasfilm, and ESPN. It thus owns the rights to many of the most valuable franchises in the industry, such as Frozen, The Avengers, Toy Story, Star Wars, and SportsCenter. Disney excels at monetizing these assets via its collection of theme parks, cruise ships, movie studios, cable networks, and global licensing operations. COVID-19 has thrown a wrench into this typically well-oiled machine, but the stay-at-home trend has also bolstered some areas of Disney's business, most notably Disney+, its fast-growing streaming service. In turn, Disney should be able to weather the coronavirus pandemic better than many of its less-diversified competitors. 6. Delta Air Lines Everything mentioned above in regard to American Airlines also applies to Delta Air Lines (NYSE: DAL). Like American, Delta Air Lines' shares are down sharply in 2020 (currently about 57%). And like its rival, Delta has seen its business decimated by COVID-19. Delta may have a stronger balance sheet than American, but it's still likely to struggle until airline traffic levels recover. 7. Microsoft Like Apple, Microsoft (NASDAQ: MSFT) stands as a pinnacle of financial fortitude. With more than $136 billion in cash reserves and $60 billion in annual operating cash flow, Microsoft has the firepower it needs to develop and acquire cutting-edge new technologies, even as it rewards its shareholders with stock buybacks and a rapidly growing dividend. Robinhood users also appreciate the value of Microsoft's Office, Azure, Windows, and Xbox platforms -- all of which should allow the tech giant to continue to crank out cash in the years ahead. 8. Tesla Tesla (NASDAQ: TSLA) is the prototypical battleground stock. Bulls say Elon Musk and his team are blazing a path for electronic vehicles and clean energy -- two potentially massive industries -- and changing the world in the process. Bears argue Tesla wouldn't be profitable without government subsidies, and, therefore, its stock price is ludicrous. The company is currently valued at roughly $270 billion, or about what Ford, GM, Toyota, and Honda are worth combined. In turn, the bulls believe Tesla's stock will surge many times in value, while the bears predict it will come crashing back down. Tesla's future likely lies somewhere between these two extremes. 9. Carnival Like the airlines, the cruise industry has been pummeled by COVID-19. Carnival's (NYSE: CCL) ships are stuck at port due in part to sailing restrictions imposed by health officials. With little revenue coming in, Carnival is bleeding cash, to the tune of $650 million per month. To stay afloat, Carnival has been forced to take on large amounts of high-interest debt, which will make it difficult for it to return to pre-COVID profitability levels even after sailing restrictions are lifted. 10. GoPro Like Carnival, GoPro (NASDAQ: GPRO) is doing what it can to survive the coronavirus pandemic. The struggling camera maker was forced to lay off over 20% of its workforce in April, and it's transitioning to a direct-to-consumer model as retail sales shift online. While GoPro has experienced some early success in this regard, competition is intensifying, and the company remains on shaky ground. Investors can do better. Which of these stocks are the best investments today? Ultimately, that's for you to decide. But for me, the choice is clear: Apple and Microsoft stand head and shoulders above the rest of the pack. Their superior financial strength will help to lessen your risk. At the same time, their valuable collections of high-quality products and services -- many of which enjoy intriguing growth opportunities -- give you multiple ways to profit. 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 *Stock Advisor returns as of June 2, 2020 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Joe Tenebruso owns shares of Walt Disney. 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.	American Airlines (NASDAQ: AAL) certainly fits the description of a beaten-down stock. Disney excels at monetizing these assets via its collection of theme parks, cruise ships, movie studios, cable networks, and global licensing operations. Bulls say Elon Musk and his team are blazing a path for electronic vehicles and clean energy -- two potentially massive industries -- and changing the world in the process.	American Airlines (NASDAQ: AAL) certainly fits the description of a beaten-down stock. Better still, Apple stands as a financial titan, with more than $193 billion in cash and investments on its fortress-like balance sheet and $60 billion in operating cash flow over its first three quarters of 2020. The Motley Fool owns shares of and recommends Apple, Microsoft, Tesla, and Walt Disney.	American Airlines (NASDAQ: AAL) certainly fits the description of a beaten-down stock. But stock price alone is not a good reason to invest in a company, particularly now that Robinhood and other brokerages allow investors to buy fractional shares. 10 stocks we like better than Apple When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	American Airlines (NASDAQ: AAL) certainly fits the description of a beaten-down stock. But stock price alone is not a good reason to invest in a company, particularly now that Robinhood and other brokerages allow investors to buy fractional shares. Better still, Apple stands as a financial titan, with more than $193 billion in cash and investments on its fortress-like balance sheet and $60 billion in operating cash flow over its first three quarters of 2020.
5450.0	2020-08-02 00:00:00 UTC	Airline Earnings Show Better Days Are Still a Ways Off for Their Stocks	AAL	https://www.nasdaq.com/articles/airline-earnings-show-better-days-are-still-a-ways-off-for-their-stocks-2020-08-02	nan	nan	When looking at airline stocks right now, it is really a question of whether you view the glass as half full or half empty. Second-quarter earnings, as expected, were woeful. But they could have been a lot worse. Travel volumes have risen dramatically from April lows, but are still just a fraction of more-normal levels. U.S. carriers have avoided bankruptcy so far, but their futures are in no way secured. It's a dangerous time to be an airline investor, but with stocks trading at below 0.5 times more normalized sales, there is the opportunity for substantial returns if the industry is able to eventually fly through this rough patch. Here are four thoughts coming out of earnings season about what's ahead for the industry. Image source: Getty Images. We will shrink, not grow, from here... Investors rallied into airline shares in early summer as the companies began to restore flights, hopeful that the worst was over and conditions were returning to normal. That optimism ended up being premature. Passenger volumes bottomed out on April 14, a day when the Transportation Security Administration screened just 87,000 travelers. That number has grown in the months since to more than 700,000 on many days in late July, though that is still well below the 2.7 million travelers going through U.S. airports daily a year ago. Airlines were adding flights in early summer in part because there was limited downside. A provision of the CARES Act stimulus legislation provided the industry with $25 billion to help meet payroll, conditioned on the airlines avoiding layoffs and involuntary furloughs. That means airlines were paying their employees whether they were flying or not. The payroll subsidies, coupled with cheap fuel prices and a desperate need for whatever revenue could be had, led the airlines to fly flights that might not have made economic sense in more typical times. Those conditions will unravel in the months to come. The payroll protections, and layoff restrictions, end on Sept. 30. The end of summer also means a decline in leisure demand, which was responsible for most of the resurgence. Expect airline workforces and schedules to shrink in the months to come, with a full recovery to pre-pandemic levels not likely before 2022 at the earliest. ...unless the government wants to play ball The wild card right now is Congress, and specifically whether lawmakers are receptive to calls that they extend the payroll protections for another six months. Airline unions are lobbying for added protections to be included in a second round of stimulus, and airlines are increasingly rallying behind the cause as well. Still, additional financial aid for the industry seems like a long shot at this point. The initial round of airline assistance was not without controversy, and with an election just months away, it figures to be even more difficult this time around. And while the airlines are supportive of the union effort, it is unclear whether the industry will be willing to make the same concessions that secured the last round of aid. Image source: Getty Images. The airlines traded stock warrants for some of the payroll protection last time around, but it is hard to imagine the industry easily agreeing to a similar arrangement this time around. If the recovery does take years, then at some point the airlines will need layoffs, and it might not make financial sense for the companies to give up too much just to prolong the inevitable. Given the uncertainty about when demand will return, the airlines might like the flexibility afforded by having workers on standby. But then again, given the global nature of the pandemic, laid-off workers don't have the option of going overseas to find work, as pilots often do when times are tough in the U.S. All eyes are on the balance sheets The industry has been able to avoid bankruptcies in large part because the airlines have had success in raising new funds in the middle of a crisis. That's an impressive feat in and of itself, but it hasn't come cheap. U.S. airlines have raised more than $50 billion in private funds to go along with a similar amount of government cash largely by selling new shares and adding new debt. The good news is that shareholders so far have avoided being wiped out in bankruptcy. The bad news is that the new shares dilute ownership, and the new debt will haunt corporate balance sheets for years. Much of the debt has been backed by aircraft and other equipment, and is long-term in nature, so airlines have time to wait out a recovery before needing to repay what has been borrowed. But even assuming the airlines survive the downturn, the debt will limit share repurchases, dividends, and expansion plans perhaps through the rest of the decade. Not all airlines are created equal We've seen subtle differences in the way the airlines have approached this crisis. Investors should watch closely as those differences play out in the months to come, and choose stocks carefully based on what they have seen. Broadly speaking, American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) have been more aggressive in adding flights, while Southwest Airlines (NYSE: LUV) kept a fairly broad schedule open for booking throughout the worst of the crisis in order to better gauge demand. Southwest and Delta Air Lines (NYSE: DAL) have also been more conservative when it comes to safety policies, forgoing middle-seat revenue in hopes of reassuring passengers it is safe to fly. Southwest has the best balance sheet, while Delta has done well moving toward cash flow breakeven. American has the most debt and came into the crisis the most vulnerable of the major airlines, but has done good work managing costs and raising cash. It should be able to weather a multiyear storm. Four months into this crisis, I remain optimistic the U.S. airlines can avoid bankruptcy. But I also remain convinced there will be no quick turnaround. For investors with the stomach to handle the turbulence, I'd advise sticking to stocks like Southwest and Delta that should have the financial strength to survive whatever is ahead. And buckle up. 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 June 2, 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.	Broadly speaking, American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) have been more aggressive in adding flights, while Southwest Airlines (NYSE: LUV) kept a fairly broad schedule open for booking throughout the worst of the crisis in order to better gauge demand. The payroll subsidies, coupled with cheap fuel prices and a desperate need for whatever revenue could be had, led the airlines to fly flights that might not have made economic sense in more typical times. But then again, given the global nature of the pandemic, laid-off workers don't have the option of going overseas to find work, as pilots often do when times are tough in the U.S. All eyes are on the balance sheets The industry has been able to avoid bankruptcies in large part because the airlines have had success in raising new funds in the middle of a crisis.	Broadly speaking, American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) have been more aggressive in adding flights, while Southwest Airlines (NYSE: LUV) kept a fairly broad schedule open for booking throughout the worst of the crisis in order to better gauge demand. We will shrink, not grow, from here... Investors rallied into airline shares in early summer as the companies began to restore flights, hopeful that the worst was over and conditions were returning to normal. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.	Broadly speaking, American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) have been more aggressive in adding flights, while Southwest Airlines (NYSE: LUV) kept a fairly broad schedule open for booking throughout the worst of the crisis in order to better gauge demand. It's a dangerous time to be an airline investor, but with stocks trading at below 0.5 times more normalized sales, there is the opportunity for substantial returns if the industry is able to eventually fly through this rough patch. But then again, given the global nature of the pandemic, laid-off workers don't have the option of going overseas to find work, as pilots often do when times are tough in the U.S. All eyes are on the balance sheets The industry has been able to avoid bankruptcies in large part because the airlines have had success in raising new funds in the middle of a crisis.	Broadly speaking, American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) have been more aggressive in adding flights, while Southwest Airlines (NYSE: LUV) kept a fairly broad schedule open for booking throughout the worst of the crisis in order to better gauge demand. Airlines were adding flights in early summer in part because there was limited downside. The payroll protections, and layoff restrictions, end on Sept. 30.
5451.0	2020-08-01 00:00:00 UTC	Robinhood Investors Are Betting on a Travel Stock Recovery -- Should You?	AAL	https://www.nasdaq.com/articles/robinhood-investors-are-betting-on-a-travel-stock-recovery-should-you-2020-08-01	nan	nan	Airline and cruise stocks are among the most sought after these days among investors trading on Robinhood. American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), and Carnival Corp. (NYSE: CCL) are among the 10 most popular stocks on the online trading platform. Amid the coronavirus pandemic, the shares have dropped 60%, 56%, and 71%, respectively, since the start of the year. Image source: Getty Images. Do these declines mean you should follow Robinhood investors into travels stocks and bet on a rebound? Keep in mind that many Robinhood users are new investors who often favor stocks they hope will deliver quick gains and/or ones that may rebound from deep losses. Let's take a closer look at the companies and the coronavirus situation. The coronavirus outbreak began in China earlier in the year and has since spread throughout the world. Countries ordered lockdowns or issued stay-at-home recommendations this spring, and travel nearly came to a standstill in many regions. Cutting capacity Travel shares felt the impact in the most recent quarter. Delta reported an 88% decline in operating revenue after an 85% drop in capacity. Delta posted a $5.7 billion loss on a generally accepted accounting principles (GAAP) basis. Carnival Cruises paused cruises in mid-March, and sailings haven't yet resumed. The company posted a $4.4 billion loss on a GAAP basis. And American Airlines reported a $2.7 billion pre-tax loss for the second quarter and predicted third-quarter capacity will be down 60% year over year. A comment from Delta's CEO Ed Bastian indicates troubles are far from over. He called the coronavirus impact on the airline's operations "truly staggering" and said he doesn't expect to see a sustainable recovery until more than two years from now. We also can look to the current coronavirus situation in the U.S. and beyond as a guide. The U.S. has surpassed 150,000 deaths from COVID-19, the illness caused by the novel coronavirus, according to Johns Hopkins University. Cases worldwide have reached more than 16.5 million, while global deaths total more than 656,000, the World Health Organization reports. States including Florida, California, and Texas continue to see cases mount. Only some states have ordered the wearing of masks in public in efforts to halt the spread of the coronavirus. All of this means the health crisis is still going strong -- and we don't have a clear idea of when it will abate. Limited international travel Meanwhile, the U.S. hasn't imposed state-to-state travel restrictions but has taken action on international trips. The Centers for Disease Control and Prevention recommends Americans avoid travel to most European countries and several other regions. And most foreign nationals from those areas won't be allowed entry into the U.S. At the same time, appetite for travel may suffer as people fear possible contamination in airports, airplanes, and on cruise ships. To face this lengthy disruption, travel companies have made efforts to reduce cash burn and preserve liquidity. Delta has raised almost $15 billion in financing transactions since March. The company said it aims to reach breakeven cash burn by the end of the year. Carnival said it's raised more than $10 billion through financing transactions and says it continues to seek ways to reduce cash burn. At the moment, it predicts the cash burn rate in the second half will be about $650 million per month. American Airlines raised more than $3.6 billion in the second quarter and reduced its daily cash burn rate to $30 million in June from almost $100 million in April. Considering the fact that the health crisis is temporary and companies are making immense efforts to stay afloat, is now the time to bet on airline stocks or cruise line shares? I think it's too soon to follow Robinhood investors into the sectors. Without clues regarding the duration of this crisis, it's impossible to know how companies will look financially by the time business picks up. So, the right time to make a decision on whether to invest in travel shares is when elements regarding the pandemic's duration begin to emerge. At that point, we might better understand how long recovery will take -- and how each company will manage the process. 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 June 2, 2020 Adria Cimino has no position in any of the stocks mentioned. The Motley Fool recommends Carnival and Delta Air Lines. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), and Carnival Corp. (NYSE: CCL) are among the 10 most popular stocks on the online trading platform. Keep in mind that many Robinhood users are new investors who often favor stocks they hope will deliver quick gains and/or ones that may rebound from deep losses. And most foreign nationals from those areas won't be allowed entry into the U.S. At the same time, appetite for travel may suffer as people fear possible contamination in airports, airplanes, and on cruise ships.	American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), and Carnival Corp. (NYSE: CCL) are among the 10 most popular stocks on the online trading platform. American Airlines raised more than $3.6 billion in the second quarter and reduced its daily cash burn rate to $30 million in June from almost $100 million in April. The Motley Fool recommends Carnival and Delta Air Lines.	American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), and Carnival Corp. (NYSE: CCL) are among the 10 most popular stocks on the online trading platform. American Airlines raised more than $3.6 billion in the second quarter and reduced its daily cash burn rate to $30 million in June from almost $100 million in April. Considering the fact that the health crisis is temporary and companies are making immense efforts to stay afloat, is now the time to bet on airline stocks or cruise line shares?	American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), and Carnival Corp. (NYSE: CCL) are among the 10 most popular stocks on the online trading platform. And American Airlines reported a $2.7 billion pre-tax loss for the second quarter and predicted third-quarter capacity will be down 60% year over year. Considering the fact that the health crisis is temporary and companies are making immense efforts to stay afloat, is now the time to bet on airline stocks or cruise line shares?
5452.0	2020-08-01 00:00:00 UTC	Why Robinhood Investors Could Suffer the Most in the Next Market Crash	AAL	https://www.nasdaq.com/articles/why-robinhood-investors-could-suffer-the-most-in-the-next-market-crash-2020-08-01	nan	nan	When the markets crashed in March, many investors were in panic mode, selling off good and bad investments alike. Ultimately, however, the sell-off offered just a brief glimpse as to how bad things could get, as many stocks began recovering just weeks later. In a prolonged market crash, which is what could happen if there isn't a quick end to the coronavirus pandemic, there won't be a quick recovery. And that could be bad news, especially for Robinhood investors. Here's why they stand to lose the most if the markets go south. Many aren't investing for the long term If you're a long-term investor, you're generally looking at where a company you're investing in will be not just months but years from now. But many Robinhood investors aren't taking that approach and are instead looking for quick wins, and that's dangerous -- especially during a recession and when a market crash may not be far away. Image source: Getty Images. Many Robinhood investors are willing to take on high risks in exchange for high rewards in the short term. Hundreds of thousands of investors on the platform are gambling and betting on insolvent companies in the hopes that their stocks will rise in value. And of course, in the short term, anything can happen. The problem is that if you're caught holding on to the stock of an insolvent business and there's a market crash, you could find yourself with no option but to sell it for a steep loss. Speculative buys remain popular on Robinhood Today, many of the top Robinhood picks continue to be airline stocks, including American Airlines and Delta Air Lines, and cruise ship stocks, where businesses are crippled and in danger of going bankrupt. Although they could turn things around, they're definitely high-risk investments. Cannabis producer Aurora Cannabis (NYSE: ACB) is another high-risk buy that consistently ranks among the top 15 most popular Robinhood stocks. In February, investment bank Ello Capital estimated that Aurora's liquidity levels were among the worst of the Canadian cannabis companies that it evaluated. The stock was doing so badly this year that it needed a 1:12 reverse split in May just to get back above the NYSE's required minimum $1 share price. Year to date, its shares are down 58%, which is far worse than the Horizons Marijuana Life Sciences ETF (OTC: HMLSF), which has declined by a more modest 19%. There are several other examples on the Robinhood top 100 list of stocks that are either risky investments, too richly valued, or both, and where investors are betting on sharp turnarounds. But -- again -- these speculative buys look even worse when the markets crash, as investors look for safer investments to hang onto during a bear market. These already risky investments could plunge even lower during a crash. Just because a stock's fallen heavily in value doesn't mean it can't continue to go lower. Value investors are in much better shape For institutional investors and fund managers who look after other people's money, the types of risks Robinhood investors are taking on are simply unacceptable. They can't afford to gamble away their clients' money, and they need to be much more methodical in their investing process. That normally involves assessing the value a stock offers and looking at its fundamentals. Aurora would be tough to put in any portfolio where value is important. The Alberta-based cannabis company's incurred an operating loss in each of its past 10 reporting periods. And while its shares may appear to be a deal, trading well below their book value, investors should also recall that Aurora wrote down its assets by 1 billion Canadian dollars ($750 million) when it reported its second-quarter results in February. Relying on book value may not be all that useful if the value of the assets is questionable. Many top Robinhood stocks wouldn't make it past the sniff test for value investors. With a focus more on value and long-term investing, value investors are at less risk to suffer significant losses during a market crash, and their investments would also be more likely to recover. What should Robinhood investors do? The good news is that it isn't too late for Robinhood investors to adjust their portfolios and hold some safer stocks while getting rid of speculative ones. This involves not just looking at valuation multiples but assessing which businesses are safe for the foreseeable future. Determining a company's cash situation and evaluating how it's doing during the pandemic are some ways investors can evaluate the safety and stability of a business during these adverse times. Hype will eventually die down. And if investors jump on the bandwagons of high-risk stocks, they can be left holding some bad investments in their portfolios, which can lead to all-out disaster if the markets crash. Here's The Marijuana Stock You've Been Waiting For A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. And make no mistake – it is coming. Cannabis legalization is sweeping over North America – 11 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks. Simply click here to get the full story now. Learn more David Jagielski has no position in any of the stocks mentioned. 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.	And while its shares may appear to be a deal, trading well below their book value, investors should also recall that Aurora wrote down its assets by 1 billion Canadian dollars ($750 million) when it reported its second-quarter results in February. And if investors jump on the bandwagons of high-risk stocks, they can be left holding some bad investments in their portfolios, which can lead to all-out disaster if the markets crash. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.	Speculative buys remain popular on Robinhood Today, many of the top Robinhood picks continue to be airline stocks, including American Airlines and Delta Air Lines, and cruise ship stocks, where businesses are crippled and in danger of going bankrupt. But -- again -- these speculative buys look even worse when the markets crash, as investors look for safer investments to hang onto during a bear market. Many top Robinhood stocks wouldn't make it past the sniff test for value investors.	Many aren't investing for the long term If you're a long-term investor, you're generally looking at where a company you're investing in will be not just months but years from now. Speculative buys remain popular on Robinhood Today, many of the top Robinhood picks continue to be airline stocks, including American Airlines and Delta Air Lines, and cruise ship stocks, where businesses are crippled and in danger of going bankrupt. And if investors jump on the bandwagons of high-risk stocks, they can be left holding some bad investments in their portfolios, which can lead to all-out disaster if the markets crash.	And that could be bad news, especially for Robinhood investors. But -- again -- these speculative buys look even worse when the markets crash, as investors look for safer investments to hang onto during a bear market. Many top Robinhood stocks wouldn't make it past the sniff test for value investors.
5453.0	2020-07-31 00:00:00 UTC	Spirit Airlines Is the Best Bargain in the Airline Industry	AAL	https://www.nasdaq.com/articles/spirit-airlines-is-the-best-bargain-in-the-airline-industry-2020-07-31	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Just like flying, Spirit Airlines (NYSE:SAVE) is the best bargain when it comes to airline stocks. And did you know, SAVE stock has been one of the best performers over the past few months? SAVE) branded airplane flying in the air" width="300" height="169"> Source: Markus Mainka / Shutterstock.com Over the past one and three months, Spirit stock is down 11% and up 20%, respectively. That’s better than a handful of its peers, including Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), American Airlines (NASDAQ:AAL) and Southwest Airlines (NYSE:LUV). However, when we zoom out to the year-to-date and one-year timeframes, that outperformance vanishes. Down 61% in 2020, SAVE stock is in the middle of the pack — third best in this group of five. The one-year look yields a similar result, down 62% and again in the middle of the pack. So why is this one worth a closer look? Simply because the airlines have made it through the worst quarter they are likely to face. Airport traffic is creeping back up as the country continues to reopen. Let’s look at Spirit Airlines more closely. Breaking Down SAVE Stock When Spirit Airlines reported earnings on July 22, the company beat on revenue but missed on earnings. Put simply, the quarter wasn’t good. Spirit reported a loss of $3.59 per share as revenue plunged more than 86%. Remember though, it’s not about the numbers, it’s about the trajectory. Meaning, it’s about guidance, management’s outlook and where the business is heading from here. In the case of SAVE stock, obviously a massive loss and tremendous drop in revenue does not exactly scream, “Buy! Buy! Buy!” However, investors are feeling more comfortable with airline stocks now that Q2 is behind them. While management is candid about the situation — Delta said it will take a few years for a sustainable recovery — they also underscored two important themes. 7 Dividend Stocks to Buy for Beginners to Income Investing First, liquidity is satisfactory as most of these companies should have enough in the bank to make it through the current crisis. Second, the worst is likely behind the industry. For Spirit specifically, this is encouraging for shareholders: “[W]e were encouraged by our June results and believe they illustrate that when leisure travel demand rebounds and stabilizes, our leading low-cost structure positions us well to be among the first to return to profitability.” Most airlines saw severe cash burn in March and April, but were able to lower that burden in May and June. Spirit did even better. Excluding a few minor non-operational metrics, “on an average daily cash basis, we were break-even for the month of June,” management said. At the end of March, current assets and current liabilities both stood at $1.23 billion. In the quarter that just ended in June, Spirit had current assets of $1.66 billion vs. current liabilities of $1.27 billion. In other words, it can cover its short-term obligations, easing concerns about its liquidity. Bottom Line on Spirit Click to Enlarge I like SAVE stock for a few main reasons. First, from an operation perspective, the company was able to mitigate cash burn last month. That’s outperforming most of its peers. Speaking of outperformance, its stock has been beating its peers over the last few months. Third, its liquidity is fine and fourth, as airline traffic returns, Spirit should be one of the early candidates to start flipping a profit. Of course, we always run the risk of rising novel coronavirus cases pressuring airline traffic. The chart above shows a healthy rebound in airline traffic. However, the rebound leveled off in July as consumers seem to be in a wait-and-see mode. United Airlines just announced it may need to furlough more pilots than originally expected. The company said that, “In recent weeks, bookings have stalled, and we continue to see an impact of the recent increase in covid-19 cases on our business.” The risk here is obvious: A rise in or persistent elevation in coronavirus cases may keep the pressure on the airlines. Eventually though, the world will fly again — air travel isn’t going anywhere. In the meantime, SAVE stock seems like one the best positioned to weather the storm. Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Click here to see what Matt has up his sleeve now. As of this writing, Matt did not hold a position in any of the aforementioned securities. The post Spirit Airlines Is the Best Bargain in the Airline Industry 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.	That’s better than a handful of its peers, including Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), American Airlines (NASDAQ:AAL) and Southwest Airlines (NYSE:LUV). SAVE) branded airplane flying in the air" width="300" height="169"> Source: Markus Mainka / Shutterstock.com Over the past one and three months, Spirit stock is down 11% and up 20%, respectively. 7 Dividend Stocks to Buy for Beginners to Income Investing First, liquidity is satisfactory as most of these companies should have enough in the bank to make it through the current crisis.	That’s better than a handful of its peers, including Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), American Airlines (NASDAQ:AAL) and Southwest Airlines (NYSE:LUV). Breaking Down SAVE Stock When Spirit Airlines reported earnings on July 22, the company beat on revenue but missed on earnings. In the quarter that just ended in June, Spirit had current assets of $1.66 billion vs. current liabilities of $1.27 billion.	That’s better than a handful of its peers, including Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), American Airlines (NASDAQ:AAL) and Southwest Airlines (NYSE:LUV). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Just like flying, Spirit Airlines (NYSE:SAVE) is the best bargain when it comes to airline stocks. Breaking Down SAVE Stock When Spirit Airlines reported earnings on July 22, the company beat on revenue but missed on earnings.	That’s better than a handful of its peers, including Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), American Airlines (NASDAQ:AAL) and Southwest Airlines (NYSE:LUV). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Just like flying, Spirit Airlines (NYSE:SAVE) is the best bargain when it comes to airline stocks. In the case of SAVE stock, obviously a massive loss and tremendous drop in revenue does not exactly scream, “Buy!
5454.0	2020-07-31 00:00:00 UTC	Southwest CEO Urges Lawmakers to Extend Airline Payroll Support	AAL	https://www.nasdaq.com/articles/southwest-ceo-urges-lawmakers-to-extend-airline-payroll-support-2020-07-31	nan	nan	Southwest Airlines (NYSE: LUV) CEO Gary Kelly on Friday backed a union-led effort to extend government support for the airline industry as a way to avoid layoffs. As part of the CARES Act economic stimulus plan enacted earlier this year, U.S. airlines received $25 billion in financial support to continue to pay employees even as travel demand plummeted. The airlines in return for the funds were prohibited from doing layoffs or furloughs through Sept. 30. The funds are set to run out next month, and airlines have warned that deep cuts are likely as the industry braces for an extended downturn. Image source: Getty Images. Kelly in a video message to employees posted Friday said he supported efforts to renew the payroll support for another six months as part of a second round of stimulus currently being negotiated in Congress. Kelly said he would support a so-called "lift and shift" proposal that would keep the funding, and the layoff restrictions, in place. Other airlines, including United Airlines Holdings (NASDAQ: UAL) and American Airlines Group (NASDAQ: AAL), have lent support for the effort, but Kelly's statement is perhaps the most direct public endorsement of the effort by an airline CEO. Southwest has never done layoffs in its nearly 50-year history, and the company is hoping to avoid furloughs this Fall after more than 25% of Southwest employees volunteered to take buyouts or extended leave of absences to help cut costs. Airlines were forced to provide the U.S. Treasury with warrants in exchange for the earlier round of payroll support. While the industry is supportive of continued assistance, it is less clear they would be willing to trade more stock or collateral for that continued help. Especially since travel demand is expected to remain weak well beyond the six-month extension period being discussed, and layoffs are a viable alternative. Kelly said he is also supportive of legislative efforts to help encourage travel, including liability protections for businesses, an extension of the ticket tax holiday, and grants for airports. 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 June 2, 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.	Other airlines, including United Airlines Holdings (NASDAQ: UAL) and American Airlines Group (NASDAQ: AAL), have lent support for the effort, but Kelly's statement is perhaps the most direct public endorsement of the effort by an airline CEO. As part of the CARES Act economic stimulus plan enacted earlier this year, U.S. airlines received $25 billion in financial support to continue to pay employees even as travel demand plummeted. The funds are set to run out next month, and airlines have warned that deep cuts are likely as the industry braces for an extended downturn.	Other airlines, including United Airlines Holdings (NASDAQ: UAL) and American Airlines Group (NASDAQ: AAL), have lent support for the effort, but Kelly's statement is perhaps the most direct public endorsement of the effort by an airline CEO. Southwest Airlines (NYSE: LUV) CEO Gary Kelly on Friday backed a union-led effort to extend government support for the airline industry as a way to avoid layoffs. Kelly in a video message to employees posted Friday said he supported efforts to renew the payroll support for another six months as part of a second round of stimulus currently being negotiated in Congress.	Other airlines, including United Airlines Holdings (NASDAQ: UAL) and American Airlines Group (NASDAQ: AAL), have lent support for the effort, but Kelly's statement is perhaps the most direct public endorsement of the effort by an airline CEO. Southwest Airlines (NYSE: LUV) CEO Gary Kelly on Friday backed a union-led effort to extend government support for the airline industry as a way to avoid layoffs. 10 stocks we like better than Southwest Airlines When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	Other airlines, including United Airlines Holdings (NASDAQ: UAL) and American Airlines Group (NASDAQ: AAL), have lent support for the effort, but Kelly's statement is perhaps the most direct public endorsement of the effort by an airline CEO. Southwest Airlines (NYSE: LUV) CEO Gary Kelly on Friday backed a union-led effort to extend government support for the airline industry as a way to avoid layoffs. The airlines in return for the funds were prohibited from doing layoffs or furloughs through Sept. 30.
5455.0	2020-07-30 00:00:00 UTC	EMERGING MARKETS-Currencies slide on virus woes, Russian rouble hits over 2-month low	AAL	https://www.nasdaq.com/articles/emerging-markets-currencies-slide-on-virus-woes-russian-rouble-hits-over-2-month-low-2020	nan	nan	By Shreyashi Sanyal July 30 (Reuters) - The Russian rouble touched its lowest level in more than two months on Thursday, weakening along with most other emerging market currencies as record spikes in COVID-19 cases dashed optimism sparked overnight by a dovish U.S. Federal Reserve. The rouble RUB= tumbled as much as 1.5% against the dollar to hit its lowest level since mid-May, while also touching its lowest since early April against the euro. South Africa's rand ZAR= tumbled 1.3% and was on track for its worst day in six weeks. Surging coronavirus infections in Asia have dispelled any notion that the region may be over the worst, with Australia and India reporting record daily infections on Thursday, Vietnam fretting over a new spike and North Korea urging vigilance. The United States and Brazil also reported a record number of new deaths and confirmed cases. Optimism sparked by the Fed faded, even after the U.S. central bank vowed to "do what we can, and for as long as it takes," to limit damage and boost growth. All eyes are now on the U.S. Republicans and Democrats, struggling to reach a deal to provide more aid. "The Fed's decision on this also appeared to be an acknowledgment that current events are likely to remain largely out of their hands...," said Michael Hewson, chief market analyst at CMC Markets UK. Future Fed action would be dependent not only on the overall course of the virus, but also on any further fiscal action from U.S. politicians, a factor which chair Jerome Powell made reference to in his post meeting press conference, Hewson added. The Turkish lira TRY= showed some signs of steadying after four straight days of decline even as concerns lingered over depleted reserves and local demand for dollars. Data showed Turkey's economic confidence index rebounded 11.8% month-on-month in July to 82.2 points, a third month of recovery from lows caused by coronavirus curbs. Stocks in the developing world .MSCIEF fell 0.2%, reversing gain made in early Asian trading, with Warsaw stocks .WIG20 leading declines. Poland may reinstate quarantine measures for people returning home from some countries, a government spokesman said, after recent data showed a spike in coronavirus infections. Johannesburg shares .JTOPI fell, with heavyweight diversified miner Anglo American AAL.L shedding 1% on halving its interim dividend and said first- half profits fell 39% as lockdowns hit production. For GRAPHIC on emerging market FX performance in 2020, see http://tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2020, see https://tmsnrt.rs/2OusNdX For TOP NEWS across emerging markets For CENTRAL EUROPE market report, see CEE/ For TURKISH market report, see .IS For RUSSIAN market report, see RU/RUB (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Rashmi Aich) ((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Johannesburg shares .JTOPI fell, with heavyweight diversified miner Anglo American AAL.L shedding 1% on halving its interim dividend and said first- half profits fell 39% as lockdowns hit production. By Shreyashi Sanyal July 30 (Reuters) - The Russian rouble touched its lowest level in more than two months on Thursday, weakening along with most other emerging market currencies as record spikes in COVID-19 cases dashed optimism sparked overnight by a dovish U.S. Federal Reserve. Data showed Turkey's economic confidence index rebounded 11.8% month-on-month in July to 82.2 points, a third month of recovery from lows caused by coronavirus curbs.	Johannesburg shares .JTOPI fell, with heavyweight diversified miner Anglo American AAL.L shedding 1% on halving its interim dividend and said first- half profits fell 39% as lockdowns hit production. By Shreyashi Sanyal July 30 (Reuters) - The Russian rouble touched its lowest level in more than two months on Thursday, weakening along with most other emerging market currencies as record spikes in COVID-19 cases dashed optimism sparked overnight by a dovish U.S. Federal Reserve. Poland may reinstate quarantine measures for people returning home from some countries, a government spokesman said, after recent data showed a spike in coronavirus infections.	Johannesburg shares .JTOPI fell, with heavyweight diversified miner Anglo American AAL.L shedding 1% on halving its interim dividend and said first- half profits fell 39% as lockdowns hit production. By Shreyashi Sanyal July 30 (Reuters) - The Russian rouble touched its lowest level in more than two months on Thursday, weakening along with most other emerging market currencies as record spikes in COVID-19 cases dashed optimism sparked overnight by a dovish U.S. Federal Reserve. Surging coronavirus infections in Asia have dispelled any notion that the region may be over the worst, with Australia and India reporting record daily infections on Thursday, Vietnam fretting over a new spike and North Korea urging vigilance.	Johannesburg shares .JTOPI fell, with heavyweight diversified miner Anglo American AAL.L shedding 1% on halving its interim dividend and said first- half profits fell 39% as lockdowns hit production. By Shreyashi Sanyal July 30 (Reuters) - The Russian rouble touched its lowest level in more than two months on Thursday, weakening along with most other emerging market currencies as record spikes in COVID-19 cases dashed optimism sparked overnight by a dovish U.S. Federal Reserve. Poland may reinstate quarantine measures for people returning home from some countries, a government spokesman said, after recent data showed a spike in coronavirus infections.
5456.0	2020-07-30 00:00:00 UTC	American Airlines Extends Change Fee Waiver Offer Until Sep 8	AAL	https://www.nasdaq.com/articles/american-airlines-extends-change-fee-waiver-offer-until-sep-8-2020-07-30	nan	nan	(RTTNews) - American Airlines (AAL) has announced it would extend its change fee waiver offer for customers booking tickets for new travel until September 8. The change fee offer applies to first, business, Premium Economy or Main Cabin tickets purchased on or before June 30 for future travel, but travelers must pay any difference in price at the time of ticketing of the new fare. The airline also revealed that all AAdvantage award tickets are included in the offer. Customers are allowed to change their origin and destination cities and travel must be completed by December 31, 2021. In addition, American currently has a change fee waiver in place for all tickets for travel through September 30. Last week, while reporting its earnings results, American Airlines noted that May and June revenue trends were encouraging, however, demand has weakened somewhat during July as COVID-19 cases have increased and new travel restrictions have been put into place. Early this month, American Airlines informed about 25,000 employees, which is about 20% of its total workforce, about possibility of furloughs. The airline has issued WARN notices to 37% or 9,950 of American Airlines' flight attendants, 18% or 2,500 of its pilots, and 22% or 3,200 maintenance workers and 26% or 4,500 fleet service employees. 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 (AAL) has announced it would extend its change fee waiver offer for customers booking tickets for new travel until September 8. Last week, while reporting its earnings results, American Airlines noted that May and June revenue trends were encouraging, however, demand has weakened somewhat during July as COVID-19 cases have increased and new travel restrictions have been put into place. Early this month, American Airlines informed about 25,000 employees, which is about 20% of its total workforce, about possibility of furloughs.	(RTTNews) - American Airlines (AAL) has announced it would extend its change fee waiver offer for customers booking tickets for new travel until September 8. The change fee offer applies to first, business, Premium Economy or Main Cabin tickets purchased on or before June 30 for future travel, but travelers must pay any difference in price at the time of ticketing of the new fare. In addition, American currently has a change fee waiver in place for all tickets for travel through September 30.	(RTTNews) - American Airlines (AAL) has announced it would extend its change fee waiver offer for customers booking tickets for new travel until September 8. The change fee offer applies to first, business, Premium Economy or Main Cabin tickets purchased on or before June 30 for future travel, but travelers must pay any difference in price at the time of ticketing of the new fare. Last week, while reporting its earnings results, American Airlines noted that May and June revenue trends were encouraging, however, demand has weakened somewhat during July as COVID-19 cases have increased and new travel restrictions have been put into place.	(RTTNews) - American Airlines (AAL) has announced it would extend its change fee waiver offer for customers booking tickets for new travel until September 8. The airline also revealed that all AAdvantage award tickets are included in the offer. Last week, while reporting its earnings results, American Airlines noted that May and June revenue trends were encouraging, however, demand has weakened somewhat during July as COVID-19 cases have increased and new travel restrictions have been put into place.
5457.0	2020-07-30 00:00:00 UTC	AAL September 11th Options Begin Trading	AAL	https://www.nasdaq.com/articles/aal-september-11th-options-begin-trading-2020-07-30	nan	nan	Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the September 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new September 11th contracts and identified one put and one call contract of particular interest. The put contract at the $11.00 strike price has a current bid of 8 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $11.00, but will also collect the premium, putting the cost basis of the shares at $10.92 (before broker commissions). To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $11.18/share today. Because the $11.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.73% return on the cash commitment, or 6.17% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for American Airlines Group Inc, and highlighting in green where the $11.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $12.00 strike price has a current bid of 84 cents. If an investor was to purchase shares of AAL stock at the current price level of $11.18/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $12.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.85% if the stock gets called away at the September 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $12.00 strike highlighted in red: Considering the fact that the $12.00 strike represents an approximate 7% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 7.51% boost of extra return to the investor, or 63.78% annualized, which we refer to as the YieldBoost. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $11.18) to be 96%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $12.00 strike highlighted in red: Considering the fact that the $12.00 strike represents an approximate 7% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the September 11th expiration.	Below is a chart showing AAL's trailing twelve month trading history, with the $12.00 strike highlighted in red: Considering the fact that the $12.00 strike represents an approximate 7% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the September 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new September 11th contracts and identified one put and one call contract of particular interest.	Below is a chart showing AAL's trailing twelve month trading history, with the $12.00 strike highlighted in red: Considering the fact that the $12.00 strike represents an approximate 7% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the September 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new September 11th contracts and identified one put and one call contract of particular interest.	Below is a chart showing AAL's trailing twelve month trading history, with the $12.00 strike highlighted in red: Considering the fact that the $12.00 strike represents an approximate 7% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the September 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new September 11th contracts and identified one put and one call contract of particular interest.
5458.0	2020-07-30 00:00:00 UTC	Diamond giant De Beers likely to cut jobs after COVID-19 hit	AAL	https://www.nasdaq.com/articles/diamond-giant-de-beers-likely-to-cut-jobs-after-covid-19-hit-2020-07-30	nan	nan	Adds detail, comment LONDON/GABORONE, July 30 (Reuters) - Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand. De Beers, a unit of Anglo American AAL.L, earlier reported plunging earnings in the first half of 2020 as a drop in rough diamond sales and prices hurt margins. Underlying earnings before interest, tax, depreciation and amortization (EBITDA) were just $2 million in the period, down from $518 million in the first half of last year. De Beers CEO Bruce Cleaver told Reuters official consultations with workers will begin on August 11. He said the business overhaul "is likely to lead to some job losses, but I can't tell you at this point what that number will be". Cleaver said the process would last for three months and involve a review of mining, rough sales, retail and the corporate centre, but exclude joint venture businesses in Botswana and Namibia where the miner employs 20,000 people. South Africa's National Union of Mineworkers did not immediately reply to a request for comment on possible job cuts by De Beers. De Beers said rough diamond demand will likely remain under pressure in the short term as travel restrictions in southern Africa continues and coronavirus outbreaks hit India's cutting centres. Maintaining that the long-term outlook is positive, however, the miner said its business transformation plan aims to boost margins by, among other things, modernising the way it sells diamonds. UPDATE 3-Coronavirus hits Anglo American's profit but recovery in sight (Reporting by Zandi Shabalala in London and Brian Benza in Gaborone; Additional Reporting by Tanisha Heiberg in Johannesburg; Writing by Helen Reid; Editing by Edmund Blair and Jan Harvey) ((zandi.shabalala@tr.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	De Beers, a unit of Anglo American AAL.L, earlier reported plunging earnings in the first half of 2020 as a drop in rough diamond sales and prices hurt margins. Adds detail, comment LONDON/GABORONE, July 30 (Reuters) - Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand. Cleaver said the process would last for three months and involve a review of mining, rough sales, retail and the corporate centre, but exclude joint venture businesses in Botswana and Namibia where the miner employs 20,000 people.	De Beers, a unit of Anglo American AAL.L, earlier reported plunging earnings in the first half of 2020 as a drop in rough diamond sales and prices hurt margins. Adds detail, comment LONDON/GABORONE, July 30 (Reuters) - Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand. De Beers said rough diamond demand will likely remain under pressure in the short term as travel restrictions in southern Africa continues and coronavirus outbreaks hit India's cutting centres.	De Beers, a unit of Anglo American AAL.L, earlier reported plunging earnings in the first half of 2020 as a drop in rough diamond sales and prices hurt margins. Adds detail, comment LONDON/GABORONE, July 30 (Reuters) - Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand. De Beers said rough diamond demand will likely remain under pressure in the short term as travel restrictions in southern Africa continues and coronavirus outbreaks hit India's cutting centres.	De Beers, a unit of Anglo American AAL.L, earlier reported plunging earnings in the first half of 2020 as a drop in rough diamond sales and prices hurt margins. Adds detail, comment LONDON/GABORONE, July 30 (Reuters) - Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand. Underlying earnings before interest, tax, depreciation and amortization (EBITDA) were just $2 million in the period, down from $518 million in the first half of last year.
5459.0	2020-07-30 00:00:00 UTC	Anglo American's first-half profit slumps 39% on COVID-19 lockdowns	AAL	https://www.nasdaq.com/articles/anglo-americans-first-half-profit-slumps-39-on-covid-19-lockdowns-2020-07-30	nan	nan	LONDON, July 30 (Reuters) - Diversified miner Anglo American AAL.L said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. The London-listed miner posted underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $3.4 billion in the six months that ended June 30, beating consensus of $3 billion from nine analysts compiled by Vuma. Anglo nearly halved its interim dividend to 28 cents per share. This was in line with its 40% payout policy. (Reporting by Zandi Shabalala; Editing by Edmund Blair) ((zandi.shabalala@tr.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	LONDON, July 30 (Reuters) - Diversified miner Anglo American AAL.L said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. The London-listed miner posted underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $3.4 billion in the six months that ended June 30, beating consensus of $3 billion from nine analysts compiled by Vuma. (Reporting by Zandi Shabalala; Editing by Edmund Blair) ((zandi.shabalala@tr.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	LONDON, July 30 (Reuters) - Diversified miner Anglo American AAL.L said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. Anglo nearly halved its interim dividend to 28 cents per share. (Reporting by Zandi Shabalala; Editing by Edmund Blair) ((zandi.shabalala@tr.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	LONDON, July 30 (Reuters) - Diversified miner Anglo American AAL.L said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. The London-listed miner posted underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $3.4 billion in the six months that ended June 30, beating consensus of $3 billion from nine analysts compiled by Vuma. (Reporting by Zandi Shabalala; Editing by Edmund Blair) ((zandi.shabalala@tr.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	LONDON, July 30 (Reuters) - Diversified miner Anglo American AAL.L said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. The London-listed miner posted underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $3.4 billion in the six months that ended June 30, beating consensus of $3 billion from nine analysts compiled by Vuma. Anglo nearly halved its interim dividend to 28 cents per share.
5460.0	2020-07-30 00:00:00 UTC	Coronavirus hits Anglo American's profit but recovery in sight	AAL	https://www.nasdaq.com/articles/coronavirus-hits-anglo-americans-profit-but-recovery-in-sight-2020-07-30	nan	nan	By Zandi Shabalala LONDON, July 30 (Reuters) - Diversified miner Anglo American AAL.L on Thursday told its investors it was on track for a second-half rebound after a 39% dive in profits in the first six months when lockdowns paralysed production. The London-listed miner, with its extensive African exposure, has been the hardest hit of its peers by lockdowns that halted mining in South Africa, Botswana and Namibia. The company also suffered operational issues. "The year has been like nothing I have ever seen in my 43 years in the industry," CEO Mark Cutifani said on a call. But he said the company was operating at nearly full capacity and expected a recovery in prices and sales of its products. "We have done the right things in the first six months and I think we have laid the foundation for the recovery in the second half of the year," Cutifani said. Anglo posted underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $3.4 billion for the six months to June 30, beating a consensus of $3 billion from nine analysts compiled by Vuma. It declared an interim dividend of 28 cents per share, down 55% from a year earlier, but in line with its 40% payout policy and beating consensus estimates for a 20 cents payout. Net debt rose by $3 billion to $7.6 billion in the first half as it continued to spend on mines and projects. The share price fell 3.3% by 1040 GMT versus a 2.4% fall in the wider sector as metals markets dipped on Thursday. .FTNMX1770 Analysts said the shares were pricing in this year's weakness but they believed Anglo was well-placed for recovery. "We believe Anglo will benefit from a continued cyclical recovery in most commodity prices, ongoing strength in iron ore prices, and operational improvements after the very difficult first half," Jefferies analysts said in a note. Earlier this month, Anglo maintained most of the full-year production targets it set in April. Apart from the impact of lockdowns, Anglo had operational incidents at its platinum unit in South Africa and at its Australian metallurgical coal mine, which were to an extent offset by performances at its Brazilian iron ore and Chilean copper operations. The diamond sector faced weak demand even before the pandemic and a collapse in sales in the first half cut profits at Anglo's De Beers unit to $2 million from $518 million a year ago. Cutifani said De Beers will begin a consultation process and inform employees on how they plan to transform the business on Monday. He said, however, diamond sales were beginning to rise in China and also predicted a recovery in the leading U.S. diamond market in the second half. Other miners are also banking on China, the world's biggest commodity market. Larger rival Rio Tinto RIO.L on Wednesday declared a first-half dividend in line with expectation and said it saw a V-shaped recovery in China. Anglo versus its peershttps://tmsnrt.rs/2X8Cg1d (Reporting by Zandi Shabalala, additional reporting by Muvija M in Bengaluru; editing by Edmund Blair, Jason Neely and Barbara Lewis) ((zandi.shabalala@tr.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 Zandi Shabalala LONDON, July 30 (Reuters) - Diversified miner Anglo American AAL.L on Thursday told its investors it was on track for a second-half rebound after a 39% dive in profits in the first six months when lockdowns paralysed production. The London-listed miner, with its extensive African exposure, has been the hardest hit of its peers by lockdowns that halted mining in South Africa, Botswana and Namibia. Larger rival Rio Tinto RIO.L on Wednesday declared a first-half dividend in line with expectation and said it saw a V-shaped recovery in China.	By Zandi Shabalala LONDON, July 30 (Reuters) - Diversified miner Anglo American AAL.L on Thursday told its investors it was on track for a second-half rebound after a 39% dive in profits in the first six months when lockdowns paralysed production. It declared an interim dividend of 28 cents per share, down 55% from a year earlier, but in line with its 40% payout policy and beating consensus estimates for a 20 cents payout. "We believe Anglo will benefit from a continued cyclical recovery in most commodity prices, ongoing strength in iron ore prices, and operational improvements after the very difficult first half," Jefferies analysts said in a note.	By Zandi Shabalala LONDON, July 30 (Reuters) - Diversified miner Anglo American AAL.L on Thursday told its investors it was on track for a second-half rebound after a 39% dive in profits in the first six months when lockdowns paralysed production. "We believe Anglo will benefit from a continued cyclical recovery in most commodity prices, ongoing strength in iron ore prices, and operational improvements after the very difficult first half," Jefferies analysts said in a note. Apart from the impact of lockdowns, Anglo had operational incidents at its platinum unit in South Africa and at its Australian metallurgical coal mine, which were to an extent offset by performances at its Brazilian iron ore and Chilean copper operations.	By Zandi Shabalala LONDON, July 30 (Reuters) - Diversified miner Anglo American AAL.L on Thursday told its investors it was on track for a second-half rebound after a 39% dive in profits in the first six months when lockdowns paralysed production. But he said the company was operating at nearly full capacity and expected a recovery in prices and sales of its products. .FTNMX1770 Analysts said the shares were pricing in this year's weakness but they believed Anglo was well-placed for recovery.
5461.0	2020-07-30 00:00:00 UTC	Anglo American lowers dividend after 39% profit fall from lockdowns	AAL	https://www.nasdaq.com/articles/anglo-american-lowers-dividend-after-39-profit-fall-from-lockdowns-2020-07-30	nan	nan	(Adds detail) LONDON, July 30 (Reuters) - Diversified miner Anglo American said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. The London-listed miner posted underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $3.4 billion for the six months to June 30, beating a consensus of $3 billion from nine analysts compiled by Vuma. Anglo declared an interim dividend of 28 cents per share, down 55% from a year earlier but in line with its 40% payout policy. "The year has been like nothing I have ever seen in my 43 years in the industry," CEO Mark Cutifani said on a call. This month, Anglo stuck to most of the full-year production targets it set in the spring after lockdowns hit its output of diamonds, iron ore, coal, platinum and palladium. Anglo also suffered operational incidents at its platinum unit in South Africa and in its Australian metallurgical coal mine which were partially offset by a good performances in Brazilian iron ore and its Chilean copper operations. (Reporting by Zandi Shabalala; editing by Edmund Blair and Jason Neely) ((zandi.shabalala@tr.com;)) Keywords: ANGLO AMERCN RESULTS/ (UPDATE 1) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	(Adds detail) LONDON, July 30 (Reuters) - Diversified miner Anglo American said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. Anglo declared an interim dividend of 28 cents per share, down 55% from a year earlier but in line with its 40% payout policy. This month, Anglo stuck to most of the full-year production targets it set in the spring after lockdowns hit its output of diamonds, iron ore, coal, platinum and palladium.	(Adds detail) LONDON, July 30 (Reuters) - Diversified miner Anglo American said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. This month, Anglo stuck to most of the full-year production targets it set in the spring after lockdowns hit its output of diamonds, iron ore, coal, platinum and palladium. Anglo also suffered operational incidents at its platinum unit in South Africa and in its Australian metallurgical coal mine which were partially offset by a good performances in Brazilian iron ore and its Chilean copper operations.	(Adds detail) LONDON, July 30 (Reuters) - Diversified miner Anglo American said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. This month, Anglo stuck to most of the full-year production targets it set in the spring after lockdowns hit its output of diamonds, iron ore, coal, platinum and palladium. Anglo also suffered operational incidents at its platinum unit in South Africa and in its Australian metallurgical coal mine which were partially offset by a good performances in Brazilian iron ore and its Chilean copper operations.	(Adds detail) LONDON, July 30 (Reuters) - Diversified miner Anglo American said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. The London-listed miner posted underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $3.4 billion for the six months to June 30, beating a consensus of $3 billion from nine analysts compiled by Vuma. Anglo declared an interim dividend of 28 cents per share, down 55% from a year earlier but in line with its 40% payout policy.
5462.0	2020-07-29 00:00:00 UTC	United gives employees longer to decide on exit deals	AAL	https://www.nasdaq.com/articles/united-gives-employees-longer-to-decide-on-exit-deals-2020-07-29-0	nan	nan	By Tracy Rucinski and David Shepardson July 29 (Reuters) - United Airlines UAL.O on Wednesday extended a deadline for most employees to decide whether to take voluntary furlough deals to Aug. 10, as it waits to see if the U.S. Congress extends an airline bailout in the first week of August. United announced the extension in a memo to employees seen by Reuters, adding that it was working with unions, which are lobbying U.S. lawmakers for an extension of the bailout that would prevent voluntary furloughs and delay impact on employees until early 2021. United confirmed the memo and declined to comment further. Most employees had previously faced a Thursday deadline to decide whether to apply to leave. "While nothing is certain, our union partners have built a strong campaign to advocate for an extension" of the payroll assistance program, the memo said. "We have worked closely with them to support those efforts." But the letter added that United is "not counting on Congress passing an extension." Chicago-based United said last week more than 6,000 employees had opted for exit packages. But after sending 36,000 notices of potential furloughs this month, that relatively low take-up suggests United might have to furlough a significant number of workers. On Monday, a majority of the U.S. House of Representatives signed a letter calling for a six-month extension of the $32 billion aviation industry payroll aid program, arguing it is crucial to keeping hundreds of thousands of aviation workers employed. The payroll program is set to expire Sept. 30. Congress awarded $25 billion in payroll assistance to U.S. passenger airlines in March, along with $4 billion for cargo carriers and $3 billion for airport contractors. Most bailout funds do not have to be paid back. Between American Airlines AAL.O and United, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1. (Reporting By Tracy Rucinski and David Shepardson, editing by Peter Henderson and Cynthia Osterman) ((peter.henderson@thomsonreuters.com; 415 677 2541;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Between American Airlines AAL.O and United, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1. By Tracy Rucinski and David Shepardson July 29 (Reuters) - United Airlines UAL.O on Wednesday extended a deadline for most employees to decide whether to take voluntary furlough deals to Aug. 10, as it waits to see if the U.S. Congress extends an airline bailout in the first week of August. "While nothing is certain, our union partners have built a strong campaign to advocate for an extension" of the payroll assistance program, the memo said.	Between American Airlines AAL.O and United, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1. By Tracy Rucinski and David Shepardson July 29 (Reuters) - United Airlines UAL.O on Wednesday extended a deadline for most employees to decide whether to take voluntary furlough deals to Aug. 10, as it waits to see if the U.S. Congress extends an airline bailout in the first week of August. United announced the extension in a memo to employees seen by Reuters, adding that it was working with unions, which are lobbying U.S. lawmakers for an extension of the bailout that would prevent voluntary furloughs and delay impact on employees until early 2021.	Between American Airlines AAL.O and United, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1. By Tracy Rucinski and David Shepardson July 29 (Reuters) - United Airlines UAL.O on Wednesday extended a deadline for most employees to decide whether to take voluntary furlough deals to Aug. 10, as it waits to see if the U.S. Congress extends an airline bailout in the first week of August. United announced the extension in a memo to employees seen by Reuters, adding that it was working with unions, which are lobbying U.S. lawmakers for an extension of the bailout that would prevent voluntary furloughs and delay impact on employees until early 2021.	Between American Airlines AAL.O and United, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1. By Tracy Rucinski and David Shepardson July 29 (Reuters) - United Airlines UAL.O on Wednesday extended a deadline for most employees to decide whether to take voluntary furlough deals to Aug. 10, as it waits to see if the U.S. Congress extends an airline bailout in the first week of August. United announced the extension in a memo to employees seen by Reuters, adding that it was working with unions, which are lobbying U.S. lawmakers for an extension of the bailout that would prevent voluntary furloughs and delay impact on employees until early 2021.
5463.0	2020-07-29 00:00:00 UTC	Buying Opportunity Arises for American Airlines	AAL	https://www.nasdaq.com/articles/buying-opportunity-arises-for-american-airlines-2020-07-29	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) may take a good deal longer than originally thought to turn around. This already seems clear in the recent movements in AAL stock. But I believe this could be an opportunity to buy the stock on the cheap. Source: GagliardiPhotography / Shutterstock.com After reaching a recent high of $20.31 on June 8, the stock has been sliding ever since. Even though AAL stock is up 25% from its closing low on May 13, it is now down about 56% from the June 8 recent high. In other words, investors have become much less sanguine about the company’s prospects going forward. But, to contrarians like me, this provides a good buying opportunity for a company that is likely to survive and eventually thrive. American Airlines Poor Q2 Results Barron’s magazine took note of the drop in AAL stock. They noted that this was “likely the worst quarter in modern aviation history.” They wrote that American Airlines posted $1.6 billion in revenue, better than the $1.4 billion expected. However, excluding special financing items, its adjusted net income was a loss of $3.4 billion. This works out to $7.82 per share. Barron’s said that was slightly better than an expected $7.84 per share loss, but I doubt the market cared. 7 Cybersecurity Stocks Hard At Work While We Work From Home The good news is that the company now claims it will have $16.2 billion in liquidity in the third quarter. This includes more borrowing, slowing cash burn and hopefully better revenue. For example, the company said that its daily cash burn is now down to $30 million per day in June. That works out to $900 million or so per month and $2.73 billion per quarter. On the one hand, that was better than the average of $55 million per day in Q2. But, on the other hand, there is a ticking clock on how long the company’s cash can last. You can calculate that its $16.2 billion in liquidity will last almost 6 quarters, assuming the cash burn does not slow down. American Airlines said in its earnings conference call that it expects Q3 cash burn to improve over Q2, and the same for Q4. It said it expects to be cash-flow positive in 2021. The Wall Street Journal recently reported that airlines can reduce their costs more than expected. The article implied that the longer airplanes stay parked, the less it costs to maintain them. What Analysts Say About AAL Stock Barron’s reported that J.P. Morgan analyst Jamie Baker did a sum-of-the-parts (SOTP) analysis of AAL stock. He says it is worth $70 billion, but its $40 billion in debt lowers its value to $30 billion. By my reckoning that is a fantastic valuation and represents a huge upside for AAL stock. For example, as of July 23, American Airlines had 508.561 million shares outstanding. So, the AAL market capitalization is now about $5.79 billion. Put another way, the J.P. Morgan analyst implied that the inherent SOTP value of AAL stock is about $59 per share. This is over five times the present stock price. Barron’s also reported that UBS rated American Airlines a “sell.” Their analyst believes that the stock will hit $9 per share, which is close to its previous recent lows. The analyst said the airline has “no more room to go on costs.” What to Do With AAL Stock It is very important to average cost into this stock if you are going to buy it. That is what I am doing with my investment in AAL stock. The reason is the best time to buy is when everyone is negative on a company. That is how contrarians think. The issue, though, is that you have to see periods when the stock price falls after you invest in it. As long as you believe in its underlying value, it makes sense to buy more of a company at cheaper prices. The basic belief that a vaccine will help turn around travelers’ willingness to fly on airlines is why AAL stock will likely rebound. Now it may take up to two years from now before the company’s prospects turn around. But given that the market tends to discount the future, the stock price could easily rebound before then. In the meantime, cheaper prices in AAL stock are essentially a buying opportunity well below its SOTP value for patient, long-term investors. Mark Hake runs the Total Yield Value Guide, which you can review here. As of this writing, Mark Hake, CFA holds a position in American Airlines (AAL). The post Buying Opportunity Arises for American Airlines appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The basic belief that a vaccine will help turn around travelers’ willingness to fly on airlines is why AAL stock will likely rebound. In the meantime, cheaper prices in AAL stock are essentially a buying opportunity well below its SOTP value for patient, long-term investors. InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) may take a good deal longer than originally thought to turn around.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) may take a good deal longer than originally thought to turn around. What Analysts Say About AAL Stock Barron’s reported that J.P. Morgan analyst Jamie Baker did a sum-of-the-parts (SOTP) analysis of AAL stock. This already seems clear in the recent movements in AAL stock.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) may take a good deal longer than originally thought to turn around. What Analysts Say About AAL Stock Barron’s reported that J.P. Morgan analyst Jamie Baker did a sum-of-the-parts (SOTP) analysis of AAL stock. The analyst said the airline has “no more room to go on costs.” What to Do With AAL Stock It is very important to average cost into this stock if you are going to buy it.	The analyst said the airline has “no more room to go on costs.” What to Do With AAL Stock It is very important to average cost into this stock if you are going to buy it. InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) may take a good deal longer than originally thought to turn around. This already seems clear in the recent movements in AAL stock.
5464.0	2020-07-29 00:00:00 UTC	The Reaction to Earnings Matters More for Boeing Stock Than the Results	AAL	https://www.nasdaq.com/articles/the-reaction-to-earnings-matters-more-for-boeing-stock-than-the-results-2020-07-29	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Boeing (NYSE:BA) stock is tumbling after the airliner reported worse-than-expected earnings this morning. Going into the print, BA stock had been winding up in a tight range, as investors prepped for the potentially big-moving event. BA) logo on the side of an airplane " width="300" height="169"> Source: vaalaa / Shutterstock.com Boeing shares have been quite volatile over the past few months. A few years ago, the company was touted as a cash-flow machine, with a multi-year backlog stacked with orders. Essentially, Airbus and Boeing owned a duopoly on the global jet market. That all changed with two events: the 737 MAX disasters and the novel coronavirus. The former sparked a huge headache for Boeing. The company has logged billions in losses, lost orders and even forced a management change at the helm. Recent reports suggested that the 737 MAX would remain grounded for the rest of the year. There has been one setback after another with this jet, but the coronavirus dealt an even harder blow to BA stock. With airline traffic plunging as a result of Covid-19, airlines are bleeding cash right now. While that cash outflow is improving, it still has American Airlines (NASDAQ:AAL), United Airlines (NASDAQ:UAL) and others on the ropes. They are not in a position to be buying billions of dollars worth of new planes. 7 Bank Stocks That Are Struggling to Escape Precarious Situations Coming into the event, investors were aware of all of this negative news. They need earnings to change the narrative. Boeing Earnings Disappoint The quarter was not good. Boeing reported a non-GAAP loss of $4.79 per share, missing estimates by $2.26 per share. A GAAP loss of $4.20 per share was better, but still badly missed estimates by $2.17 per share. Revenue of $11.8 billion sank 25% year-over-year and missed expectations by more than $1 billion. Operating margins also badly missed consensus estimates. Some bright spots? The company’s total backlog is still north of $409 billion, although that’s down from $474 billion year-over-year. Further, the decline in Q2 2020 revenue was better than the 35% decline Boeing realized in Q2 2019. The company’s Q2 loss was also an improvement vs. 2019, when it lost $5.82 per share. Still, these are not exactly great positive notes. Boeing still burned through more than $5 billion in the quarter, while debt surged to $61.4 billion at quarter-end from $39.8 billion at the beginning of the quarter. Boeing’s commercial plane backlog fell from $390 billion in Q2 2019 to $326 billion in the most recent quarter. From management: “To align to the sharp reduction in commercial market demand in light of COVID-19, the company is taking several actions including further adjusting commercial airplane production rates and reducing employment levels.” In other words, the company is cutting production. The earnings report isn’t necessarily the important thing to watch here. Instead, it’s how BA stock reacts to the earnings report. If the stock actually rallies — and by rally, I mean more than just a pop at the open — that’s bullish price action. To see a hampered stock rally on bad news could suggest the negativity is all priced in. The question over the next few days and weeks will be, is that the case with Boeing? How to Go Forward With BA Stock Now Click to Enlarge Source: Chart courtesy of StockCharts.com Like General Electric (NYSE:GE), we’ve seen Boeing fall hard, becoming a shell of its former self. The balance sheet has become more levered, cash flow has turned to cash outflow and demand for its products continues to sag. The dividend has been axed, while its market capitalization is down to less than $100 billion after briefly eclipsing $240 billion in 2019. The price action has been disastrous over the last month or so, but now below the 20-day and 50-day moving averages is concerning. If $170 support gives way, look for a possible test down into the $150 to $158 area. There BA stock finds the 23.6% retracement and the 100-day moving average. Below could put $120 in play. On the upside, We need to see a move north of $180. That would put BA stock over the 50-day moving average and downtrend resistance (blue line). Above that puts the 38.2% retracement in play at $188, followed by $200-plus. This type of upside move would be quite bullish in my eyes, even if the quarter was discouraging. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. The post The Reaction to Earnings Matters More for Boeing Stock Than the Results 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.	BA) logo on the side of an airplane " width="300" height="169"> Source: vaalaa / Shutterstock.com Boeing shares have been quite volatile over the past few months. While that cash outflow is improving, it still has American Airlines (NASDAQ:AAL), United Airlines (NASDAQ:UAL) and others on the ropes. Going into the print, BA stock had been winding up in a tight range, as investors prepped for the potentially big-moving event.	BA) logo on the side of an airplane " width="300" height="169"> Source: vaalaa / Shutterstock.com Boeing shares have been quite volatile over the past few months. While that cash outflow is improving, it still has American Airlines (NASDAQ:AAL), United Airlines (NASDAQ:UAL) and others on the ropes. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Boeing (NYSE:BA) stock is tumbling after the airliner reported worse-than-expected earnings this morning.	BA) logo on the side of an airplane " width="300" height="169"> Source: vaalaa / Shutterstock.com Boeing shares have been quite volatile over the past few months. While that cash outflow is improving, it still has American Airlines (NASDAQ:AAL), United Airlines (NASDAQ:UAL) and others on the ropes. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Boeing (NYSE:BA) stock is tumbling after the airliner reported worse-than-expected earnings this morning.	BA) logo on the side of an airplane " width="300" height="169"> Source: vaalaa / Shutterstock.com Boeing shares have been quite volatile over the past few months. While that cash outflow is improving, it still has American Airlines (NASDAQ:AAL), United Airlines (NASDAQ:UAL) and others on the ropes. Revenue of $11.8 billion sank 25% year-over-year and missed expectations by more than $1 billion.
5465.0	2020-07-29 00:00:00 UTC	Spirit Airlines Is a Turnaround Play With Huge Risks	AAL	https://www.nasdaq.com/articles/spirit-airlines-is-a-turnaround-play-with-huge-risks-2020-07-29	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Spirit Airlines (NYSE:SAVE) announced last week that it $150 million in equity from the sale of new SAVE stock. Moreover, the company declared that it had $1.2 billion in liquidity at the end of the second quarter. SAVE) branded airplane flying in the air" width="300" height="169"> Source: Markus Mainka / Shutterstock.com This means that Spirit, an ultra-low-cost airline, has over $1.35 billion in liquidity by the end of July, before the monthly cash burn. The company said that it was burning about $1.5 million per day in June. that works out to $45 million per month. So, this effectively means Spirit has well over two years, up to 30 months in liquidity, assuming the monthly cash burn does not worsen. In addition, this does not even include some other options the company has for liquidity enhancements. Additional Liquidity for Spirit Airlines For example, CEO Ted Christie said during the Q2 conference call on July 22, that the company is expecting to receive $33 million from the U.S. government. This is an additional amount it borrowed under the CARES Act program. 7 Cybersecurity Stocks Hard At Work While We Work From Home In addition, Spirit has an additional $741 million of unencumbered assets of up to $741 million under the CARES Act. It has applied for another loan under that program and has until Sept. 30 to decide whether to accept the loan. If Spirit took down that loan, it would have well north of $2 billion of liquidity. But here is where the story gets worse. Christie said that the company expects its daily cash burn to increase to $3 million to $4 million per day in the third quarter. That works out to between $93 million to $124 million per month. So realistically that puts the company’s ability to survive at 15 to 16 months before it has to raise more capital. Even with the resurgence of the novel coronavirus, most analysts expect that there will be a vaccine available to the public well before the end of that period. For example, even if a valid vaccine was not available to most travelers for a year, just the existence of the vaccine would likely spur more travelers. What Analysts Say About SAVE Stock Barron’s reported that Spirit Airlines, known for its cut-rate fares, produced a worse than expected loss for the second quarter. But more importantly, it said that the airline expects its Q3 capacity to be down only 32% for the quarter. That will be a lot better than Q2 capacity, which was down 83%. J.P. Morgan analyst Jamie Baker gave Spirit Airlines and underweight rating after earnings came out, according to MarketWatch. He wrote that SAVE stock has more risk than even American Airlines (NASDAQ:AAL). However, 14 analysts polled by Yahoo Finance expect the company to have positive earnings by the end of 2021. Their average estimate is $1.25 per share. Seeking Alpha’s poll of 13 analysts is for just 71 cents per share in 2021. The average between the two is about $1 per share. That puts SAVE stock, trading at $16.47 per share, at 16 to 17 times earnings for 2021. What To Do With SAVE Stock The truth about investing in Spirit Airlines is clearly a turnaround story. However, the company, at this point seems to have enough liquidity to last until things will turn around with travelers. But there is a clear risk here. Taking on so much debt means that the company may have to raise equity capital again sometime in the future. That could occur even if its business does turn around. Therefore, that might mean further dilution to existing SAVE stock shareholders sometime in the future. I suspect that there might be an opportunity for the stock cheaper. It’s usually best to buy turnaround stocks if you are so inclined when the picture is the darkest. Dedicate only a small portion of available investing funds for this kind of play. The key is that it must be money that you can afford to lose in some manner. Even if you think SAVE stock is going to survive and thrive, then allocate just a small portion of your funds for this kind of play. As of this writing, Mark Hake, CFA holds a position in American Airlines (AAL). Mark Hake runs the Total Yield Value Guide, which you can review here. The post Spirit Airlines Is a Turnaround Play With Huge Risks 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.	He wrote that SAVE stock has more risk than even American Airlines (NASDAQ:AAL). As of this writing, Mark Hake, CFA holds a position in American Airlines (AAL). SAVE) branded airplane flying in the air" width="300" height="169"> Source: Markus Mainka / Shutterstock.com This means that Spirit, an ultra-low-cost airline, has over $1.35 billion in liquidity by the end of July, before the monthly cash burn.	He wrote that SAVE stock has more risk than even American Airlines (NASDAQ:AAL). As of this writing, Mark Hake, CFA holds a position in American Airlines (AAL). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Spirit Airlines (NYSE:SAVE) announced last week that it $150 million in equity from the sale of new SAVE stock.	He wrote that SAVE stock has more risk than even American Airlines (NASDAQ:AAL). As of this writing, Mark Hake, CFA holds a position in American Airlines (AAL). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Spirit Airlines (NYSE:SAVE) announced last week that it $150 million in equity from the sale of new SAVE stock.	He wrote that SAVE stock has more risk than even American Airlines (NASDAQ:AAL). As of this writing, Mark Hake, CFA holds a position in American Airlines (AAL). However, 14 analysts polled by Yahoo Finance expect the company to have positive earnings by the end of 2021.
5466.0	2020-07-28 00:00:00 UTC	What the Charts Say for American Airlines Stock on Earnings Beat	AAL	https://www.nasdaq.com/articles/what-the-charts-say-for-american-airlines-stock-on-earnings-beat-2020-07-28	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips July 23 was not an easy session in the stock market, as the S&P 500 fell more than 1.2%. However, on the other end of the spectrum, American Airlines (NASDAQ:AAL) rallied almost 4% on better-than-expected earnings. Source: GagliardiPhotography / Shutterstock.com So, is it time to buy AAL stock? When we take a look at the charts, the answer isn’t overwhelmingly bullish. Instead, it shows that longs are still struggling to gain traction — even after the quarterly results topped estimates. Therefore, let’s break down AAL stock after the report and see why it has become a favorite for those trading in the space. American Airlines’ Earnings The company reported a staggering loss of $7.82 per share, which eked past estimates by 8 cents. However, after losing that much money, it’s hard to consider that a win for investors. Moreover, revenue of $1.62 billion plunged more than 84%, but beat expectations by $100 million. In all, excluding special items, American Air lost $4.7 billion in the quarter. 7 Growth Stocks Prepared for a Summer Surge That said, anyone that was hoping for or expecting a V-shaped recovery in the airline industry can kiss that hope goodbye. Click to Enlarge Delta Air Lines (NYSE:DAL) CEO Ed Bastian said it would take a couple of years to see a real recovery in the space. And while airline traffic is coming back, it’s still down considerably year-over-year, as the chart here shows. However, for how bad of a quarter it was — to no real fault of American’s — the company did pretty well. Overall, AAL stock ended the quarter with more than $10 billion in liquidity. The airline also cut down its cash burn, burning about $55 million per day for the quarter. In April, that figure was as high as $100 million a day. By June, the company had it down to $30 million a day. Now, the spiking number of novel coronavirus cases is causing another dip in travel demand. From the company’s press release (bold emphasis added): “Passenger demand and load factors have improved since bottoming out in April, but continue to be significantly below 2019 levels. While May and June revenue trends were encouraging, demand has weakened somewhat during July as COVID-19 cases have increased and new travel restrictions have been put into place.” Trading AAL Stock Click to Enlarge Source: Chart courtesy of StockCharts.com In May, Southwest Airlines (NYSE:LUV), United Airlines (NASDAQ:UAL), AAL stock and others were breaking down to new post-coronavirus lows. However, those lows were quickly reversed, as these stocks spiked dramatically over the course of a few weeks. American Air led the rally, as shares surged more than 120% from the low on May 14 to the high on June 5. The rally was spurred, at least in part, on news from American Airlines that flight capacities were climbing in a significant manner. So while it was a fun few weeks for the bulls, the buying stopped there. AAL stock slammed into the 200-day moving average, and was fiercely rejected. Shares are now down more than 42% from the June high, as the stock clings to $11 support. Should support give way, it puts a gap-fill in play down toward $10. Below that, and $9 or lower could be on the table. The longer the recovery takes, the harder it will be for American Airlines stock and its peers to gain upside traction. For that to happen, we need to see the stock clear the 20-day and 50-day moving averages. Above puts the 23.6% retracement in play near $13.50 — currently below that figure now shows just how bad the recovery has really been. If AAL stock can clear this mark, it could open up a rally toward the 38.2% retracement near $16.90. Bottom Line on AAL Stock The worst may be over for AAL stock. But without a snap-back return of passengers, the business can continue to struggle. All things considered, CEO Doug Parker is doing a pretty solid job under the current operating environment. For instance, it’s a positive to see the airline bolster its liquidity and cut down its cash burn. However, that does not mean American Airlines is a worthwhile investment right now. The stock underperformed the broader market on the way down and has lagged on the way up for a reason. This industry is likely to be hampered for quite some, particularly as U.S. coronavirus cases continue to climb or remain elevated. I’d like to be optimistic, but it will be awhile before the fundamentals give the all clear. Until then, we need to rely on the charts. And for now, they are not leaning bullish quite yet. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret did not hold a position in any of the aforementioned securities. The post What the Charts Say for American Airlines Stock on Earnings Beat 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.	While May and June revenue trends were encouraging, demand has weakened somewhat during July as COVID-19 cases have increased and new travel restrictions have been put into place.” Trading AAL Stock However, on the other end of the spectrum, American Airlines (NASDAQ:AAL) rallied almost 4% on better-than-expected earnings. Source: GagliardiPhotography / Shutterstock.com So, is it time to buy AAL stock?	However, on the other end of the spectrum, American Airlines (NASDAQ:AAL) rallied almost 4% on better-than-expected earnings. Source: GagliardiPhotography / Shutterstock.com So, is it time to buy AAL stock? Therefore, let’s break down AAL stock after the report and see why it has become a favorite for those trading in the space.	Click to Enlarge Source: Chart courtesy of StockCharts.com In May, Southwest Airlines (NYSE:LUV), United Airlines (NASDAQ:UAL), AAL stock and others were breaking down to new post-coronavirus lows. Bottom Line on AAL Stock The worst may be over for AAL stock. However, on the other end of the spectrum, American Airlines (NASDAQ:AAL) rallied almost 4% on better-than-expected earnings.	Bottom Line on AAL Stock The worst may be over for AAL stock. However, on the other end of the spectrum, American Airlines (NASDAQ:AAL) rallied almost 4% on better-than-expected earnings. Source: GagliardiPhotography / Shutterstock.com So, is it time to buy AAL stock?
5467.0	2020-07-28 00:00:00 UTC	Kumba Iron Ore's interim earnings fall on lower sales and lockdown	AAL	https://www.nasdaq.com/articles/kumba-iron-ores-interim-earnings-fall-on-lower-sales-and-lockdown-2020-07-28	nan	nan	JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings weighed down by lower sales volumes and the impact on output of a lockdown for the coronavirus. The company, a unit of Anglo American AAL.L, reported headline earnings per share (HEPS) of 26.19 rand for the six months ended on June 30, compared with 31.51 rand a year earlier. HEPS is the primary profit measure in South Africa that strips out certain one-off items. (Reporting by Tanisha Heiberg; Editing by Tom Hogue) ((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.	The company, a unit of Anglo American AAL.L, reported headline earnings per share (HEPS) of 26.19 rand for the six months ended on June 30, compared with 31.51 rand a year earlier. JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings weighed down by lower sales volumes and the impact on output of a lockdown for the coronavirus. HEPS is the primary profit measure in South Africa that strips out certain one-off items.	The company, a unit of Anglo American AAL.L, reported headline earnings per share (HEPS) of 26.19 rand for the six months ended on June 30, compared with 31.51 rand a year earlier. JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings weighed down by lower sales volumes and the impact on output of a lockdown for the coronavirus. HEPS is the primary profit measure in South Africa that strips out certain one-off items.	The company, a unit of Anglo American AAL.L, reported headline earnings per share (HEPS) of 26.19 rand for the six months ended on June 30, compared with 31.51 rand a year earlier. JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings weighed down by lower sales volumes and the impact on output of a lockdown for the coronavirus. (Reporting by Tanisha Heiberg; Editing by Tom Hogue) ((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.	The company, a unit of Anglo American AAL.L, reported headline earnings per share (HEPS) of 26.19 rand for the six months ended on June 30, compared with 31.51 rand a year earlier. JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings weighed down by lower sales volumes and the impact on output of a lockdown for the coronavirus. HEPS is the primary profit measure in South Africa that strips out certain one-off items.
5468.0	2020-07-28 00:00:00 UTC	Kumba Iron Ore's interim earnings fall on lower sales and lockdown	AAL	https://www.nasdaq.com/articles/kumba-iron-ores-interim-earnings-fall-on-lower-sales-and-lockdown-2020-07-28-0	nan	nan	Adds detail and background, gives new project detail JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings due to the impact of the new coronavirus on output and sales but remained upbeat about its ability to withstand the turmoil. The company, a unit of Anglo American AAL.L, on Tuesday reported headline earnings per share, the main profit measure used in South Africa, down 17% to 26.19 rand for the six months ended on June 30, compared with 31.51 rand a year earlier. "We are a resilient and capital efficient business with a robust balance sheet, well positioned to navigate the current environment and the longer term," said Kumba chief executive Themba Mkhwanazi. The company, which declared an interim cash dividend of 19.60 rand, also approved a 7 billion rand ($426 million) project to develop the new Kapstevel South pit at its Kolomela operations in the Northern Cape province. The project, which is expected to deliver its first ore in 2024, will contribute to sustaining production of 13 million tonnes for the remaining life of the Kolomela mine. During the period production dropped by 11% to 17.9 million tonnes compared with the same period a year ago due to the lockdown and reduced output levels during the pandemic. Kumba said sales volumes had also declined by 13% to 18.6 million tonnes due to weaker exports and lower domestic sales. ($1 = 16.4506 rand) (Reporting by Tanisha Heiberg; Editing by Tom Hogue and Louise Heavens) ((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.	The company, a unit of Anglo American AAL.L, on Tuesday reported headline earnings per share, the main profit measure used in South Africa, down 17% to 26.19 rand for the six months ended on June 30, compared with 31.51 rand a year earlier. Adds detail and background, gives new project detail JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings due to the impact of the new coronavirus on output and sales but remained upbeat about its ability to withstand the turmoil. "We are a resilient and capital efficient business with a robust balance sheet, well positioned to navigate the current environment and the longer term," said Kumba chief executive Themba Mkhwanazi.	The company, a unit of Anglo American AAL.L, on Tuesday reported headline earnings per share, the main profit measure used in South Africa, down 17% to 26.19 rand for the six months ended on June 30, compared with 31.51 rand a year earlier. Adds detail and background, gives new project detail JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings due to the impact of the new coronavirus on output and sales but remained upbeat about its ability to withstand the turmoil. The company, which declared an interim cash dividend of 19.60 rand, also approved a 7 billion rand ($426 million) project to develop the new Kapstevel South pit at its Kolomela operations in the Northern Cape province.	The company, a unit of Anglo American AAL.L, on Tuesday reported headline earnings per share, the main profit measure used in South Africa, down 17% to 26.19 rand for the six months ended on June 30, compared with 31.51 rand a year earlier. Adds detail and background, gives new project detail JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings due to the impact of the new coronavirus on output and sales but remained upbeat about its ability to withstand the turmoil. The company, which declared an interim cash dividend of 19.60 rand, also approved a 7 billion rand ($426 million) project to develop the new Kapstevel South pit at its Kolomela operations in the Northern Cape province.	The company, a unit of Anglo American AAL.L, on Tuesday reported headline earnings per share, the main profit measure used in South Africa, down 17% to 26.19 rand for the six months ended on June 30, compared with 31.51 rand a year earlier. Adds detail and background, gives new project detail JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings due to the impact of the new coronavirus on output and sales but remained upbeat about its ability to withstand the turmoil. "We are a resilient and capital efficient business with a robust balance sheet, well positioned to navigate the current environment and the longer term," said Kumba chief executive Themba Mkhwanazi.
5469.0	2020-07-28 00:00:00 UTC	Delta Has Upside Potential Into Next Year	AAL	https://www.nasdaq.com/articles/delta-has-upside-potential-into-next-year-2020-07-28	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Trading airline stocks this year has been very exciting, to say the least. The travel and leisure sectors were in the direct line of fire from the virus crisis. Delta Air Lines (NYSE:DAL) stock suffered tremendously as it lost 70% of its stock value from the February levels to the March lows. DAL) logo" width="300" height="169"> Source: Lerner Vadim / Shutterstock.com DAL stock has clawed back a lot of the losses but still is far from good. Therein lies an opportunity to trade it against the ranges that have developed in the last few months. The price action is still unfolding from the novel coronavirus debacle, but we now have several starts and stops that offer guidance. The point of today’s write-up is to share an entry point that has reasonable expectations of profit through next year. The 7 Best Dividend Stocks for Adventurous Investors The bounce off the bottom was too strong, so half of it disappeared very quickly. Since then the stock has been consolidating for weeks and at mid-range of the rally. This is all to say that the price action in DAL stock is normalizing so now as cooler heads are prevailing. Investors can now make better decisions for the long term. Source: Chart from TSA.GOV A Battle Between Fundamentals and Technicals In the short term, there’s no denying that the fundamentals for all airlines are still terrible. According to the TSA screenings, the traffic is down over 70% to last year. I tabulated the data to show that the rate of improvement has stalled recently. I personally flew this month overseas and I can attest that the airports and customs areas were virtually empty. On the other hand, the four flights I took were oversold, so airlines are adjusting their operations to fit the current needs. So far, they are doing a good job to stem the cash bleed. In addition, they shored up their balance sheets to withstand the rest of the year’s pain or for as long as Covid-19 fears lingers. I wrote an article in the middle of June about trading Delta stock and in it I was somewhat bearish. I didn’t have an issue with the fact that it bounced off the bottom but rather what the buyers were chasing back then. Adding debt to the balance sheet while the company had no sales was not a reason to rejoice. The airlines had raised record amounts of debt so now there is no room for mistakes. Nevertheless I was open to more upside but I noted the importance of breaking above $37.50 per share. That never happened because the stock failed at $37.24 on June 5. The resistance levels I shared back then were perfect. Feel Better Now About DAL Stock Source: Charts by TradingView I don’t take pleasure in seeing stocks fall and I am not a perma-bear on DAL stock. The potential pitfalls were evident back then and I merely noted them. In the absence of fundamentals it is so important to follow the technicals. They say “price is truth,” and it was prophetic this time. Today I take the other side. My bullish assumption is that DAL has set a tradable bottom. The test that the stock endured from the quarantine was as hard as it’s going to get in a long while, if not ever. The whole world stopped working so it should serve as a solid floor at least for this year. This opens the door for investors who wanted to be long DAL stock the first time it bounced to get on board. They can do so with confidence that over the long term they are not buying a clear top. In fact, they are more likely buying just above a generational bottom because we are not likely to ever see another global shutdown again. Governments simply cannot afford it. In my June article and in addition to my caution over the resistance line, I noted that near $24 per share would be a good place to buy the dip. Well, here we are toying with it now and I don’t need to wait for a perfect tag of it. This whole zone is supportive so down here, DAL stock is a better buy than a sell. It is understandable to be hesitant about it, so consider taking baby steps with a partial starter position. There is still tremendous risk for airlines and economies in general because there is still no vaccine and people are still freaked out about close quarters. This by definition raises doubt and weakens the conviction of any trade regardless of how sound it seems. What makes more sense is to start small and build upon it as more information becomes available. Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. The post Delta Has Upside Potential Into Next Year 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 addition, they shored up their balance sheets to withstand the rest of the year’s pain or for as long as Covid-19 fears lingers. This opens the door for investors who wanted to be long DAL stock the first time it bounced to get on board. In my June article and in addition to my caution over the resistance line, I noted that near $24 per share would be a good place to buy the dip.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Trading airline stocks this year has been very exciting, to say the least. This is all to say that the price action in DAL stock is normalizing so now as cooler heads are prevailing. I wrote an article in the middle of June about trading Delta stock and in it I was somewhat bearish.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Trading airline stocks this year has been very exciting, to say the least. Delta Air Lines (NYSE:DAL) stock suffered tremendously as it lost 70% of its stock value from the February levels to the March lows. Feel Better Now About DAL Stock Source: Charts by TradingView I don’t take pleasure in seeing stocks fall and I am not a perma-bear on DAL stock.	Investors can now make better decisions for the long term. Feel Better Now About DAL Stock Source: Charts by TradingView I don’t take pleasure in seeing stocks fall and I am not a perma-bear on DAL stock. This opens the door for investors who wanted to be long DAL stock the first time it bounced to get on board.
5470.0	2020-07-28 00:00:00 UTC	Spirit Airlines says 20% to 30% of workers at risk of furloughs - CEO's memo	AAL	https://www.nasdaq.com/articles/spirit-airlines-says-20-to-30-of-workers-at-risk-of-furloughs-ceos-memo-2020-07-28-0	nan	nan	By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, July 28 (Reuters) - Spirit Airlines SAVE.N is preparing to inform unions on Friday that 20-30% of workers may be furloughed in October, an internal memo shows, becoming the first low-cost U.S. carrier to detail potential job cuts due to the coronavirus pandemic. Workers at risk of being furloughed include pilots and flight attendants, according to the memo seen by Reuters. Spirit Airlines, the 7th largest U.S. carrier as of January, confirmed the memo was sent to employees on Tuesday but said it has no further comment. "It's now clear that the demand increase we saw in June was an outlier, and the downward trend will continue," CEO Ted Christie says in the memo. The airline's expected daily cash burn of more than $100 million each month, over the next several months, "is not sustainable," he added. Spirit is among the U.S. airlines that received a government bailout to keep workers employed through September as they suffer a sharp downturn in demand due to virus-related lockdowns and travel curbs. Now many are warning of furloughs once the stimulus package expires because demand has not yet recovered. On a conference call last week, Christie said the company was still looking at ways to mitigate the need for involuntary action after Sept. 30. "I think we're still reading the game film, to be honest, because the summer has been up and down both sides, and we want to make sure that we digest all the information before we make a call," Christie told investors after posting a wider-than-expected quarterly loss. Some industry experts have, however, said airlines with lower cost structures and single fleet types like Spirit could weather the pandemic better than U.S. majors. While large carriers American Airlines AAL.O and United Airlines UAL.O have warned that more than 60,000 jobs are at risk between the two in the fall, low-cost carriers Southwest Airlines LUV.N and JetBlue Airways JBLU.N have said they think they can avoid furloughs for the time being. (Reporting by Tracy Rucinski and David Shepardson; Editing by Muralikumar Anantharaman and Himani Sarkar) ((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.	While large carriers American Airlines AAL.O and United Airlines UAL.O have warned that more than 60,000 jobs are at risk between the two in the fall, low-cost carriers Southwest Airlines LUV.N and JetBlue Airways JBLU.N have said they think they can avoid furloughs for the time being. By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, July 28 (Reuters) - Spirit Airlines SAVE.N is preparing to inform unions on Friday that 20-30% of workers may be furloughed in October, an internal memo shows, becoming the first low-cost U.S. carrier to detail potential job cuts due to the coronavirus pandemic. Spirit is among the U.S. airlines that received a government bailout to keep workers employed through September as they suffer a sharp downturn in demand due to virus-related lockdowns and travel curbs.	While large carriers American Airlines AAL.O and United Airlines UAL.O have warned that more than 60,000 jobs are at risk between the two in the fall, low-cost carriers Southwest Airlines LUV.N and JetBlue Airways JBLU.N have said they think they can avoid furloughs for the time being. By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, July 28 (Reuters) - Spirit Airlines SAVE.N is preparing to inform unions on Friday that 20-30% of workers may be furloughed in October, an internal memo shows, becoming the first low-cost U.S. carrier to detail potential job cuts due to the coronavirus pandemic. (Reporting by Tracy Rucinski and David Shepardson; Editing by Muralikumar Anantharaman and Himani Sarkar) ((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.	While large carriers American Airlines AAL.O and United Airlines UAL.O have warned that more than 60,000 jobs are at risk between the two in the fall, low-cost carriers Southwest Airlines LUV.N and JetBlue Airways JBLU.N have said they think they can avoid furloughs for the time being. By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, July 28 (Reuters) - Spirit Airlines SAVE.N is preparing to inform unions on Friday that 20-30% of workers may be furloughed in October, an internal memo shows, becoming the first low-cost U.S. carrier to detail potential job cuts due to the coronavirus pandemic. Spirit is among the U.S. airlines that received a government bailout to keep workers employed through September as they suffer a sharp downturn in demand due to virus-related lockdowns and travel curbs.	While large carriers American Airlines AAL.O and United Airlines UAL.O have warned that more than 60,000 jobs are at risk between the two in the fall, low-cost carriers Southwest Airlines LUV.N and JetBlue Airways JBLU.N have said they think they can avoid furloughs for the time being. By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, July 28 (Reuters) - Spirit Airlines SAVE.N is preparing to inform unions on Friday that 20-30% of workers may be furloughed in October, an internal memo shows, becoming the first low-cost U.S. carrier to detail potential job cuts due to the coronavirus pandemic. "It's now clear that the demand increase we saw in June was an outlier, and the downward trend will continue," CEO Ted Christie says in the memo.
5471.0	2020-07-28 00:00:00 UTC	JetBlue CEO says future centers on cash and costs in choppy recovery	AAL	https://www.nasdaq.com/articles/jetblue-ceo-says-future-centers-on-cash-and-costs-in-choppy-recovery-2020-07-28	nan	nan	(New throughout, adds details from conference call and on revenue and outlook) By Tracy Rucinski CHICAGO, July 28 (Reuters) - JetBlue Airways' future is all about cash and cost structure as it prepares to weather a choppy, non-lineal recovery from the coronavirus pandemic that has crushed air travel demand, Chief Executive Robin Hayes told investors on Tuesday. Global airlines are suffering their toughest crisis, forcing a focus on shoring up cash and cutting costs until demand returns. The International Air Transport Association, the main industry body, said on Tuesday it would take until 2024 for passenger traffic to return to pre-crisis levels, a year longer than previously forecast due in part to slow virus containment in the United States and a weaker outlook for corporate travel. New York-based JetBlue expects revenues to decline about 80% in the third quarter from a year earlier, worse than what analysts had forecast, and down between 60% and 70% in the fourth quarter. Total operating revenues plunged 90% to $215 million in the second quarter from a year earlier. JetBlue said it had $3.4 billion of liquidity at the end of June and is forecasting a daily cash burn between $7 million and $9 million in the third quarter after an average of $9.5 million over the second quarter. The airline, which this month signed a strategic partnership with American Airlines , said its capacity will be down at least 45% in the third quarter versus last year as it takes a conservative approach to adding flights back to its schedule. The U.S. airline swung to a net loss of $320 million for the second quarter ended June 30, compared with a profit of $179 million a year earlier. On an adjusted basis, the loss per share was $2.02. (Reporting by Tracy Rucinski; editing by Jonathan Oatis) ((tracy.rucinski@thomsonreuters.com;)) Keywords: JETBLUE AIRWAYS RESULTS/ (UPDATE 1) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	(New throughout, adds details from conference call and on revenue and outlook) By Tracy Rucinski CHICAGO, July 28 (Reuters) - JetBlue Airways' future is all about cash and cost structure as it prepares to weather a choppy, non-lineal recovery from the coronavirus pandemic that has crushed air travel demand, Chief Executive Robin Hayes told investors on Tuesday. Global airlines are suffering their toughest crisis, forcing a focus on shoring up cash and cutting costs until demand returns. The International Air Transport Association, the main industry body, said on Tuesday it would take until 2024 for passenger traffic to return to pre-crisis levels, a year longer than previously forecast due in part to slow virus containment in the United States and a weaker outlook for corporate travel.	(New throughout, adds details from conference call and on revenue and outlook) By Tracy Rucinski CHICAGO, July 28 (Reuters) - JetBlue Airways' future is all about cash and cost structure as it prepares to weather a choppy, non-lineal recovery from the coronavirus pandemic that has crushed air travel demand, Chief Executive Robin Hayes told investors on Tuesday. JetBlue said it had $3.4 billion of liquidity at the end of June and is forecasting a daily cash burn between $7 million and $9 million in the third quarter after an average of $9.5 million over the second quarter. The U.S. airline swung to a net loss of $320 million for the second quarter ended June 30, compared with a profit of $179 million a year earlier.	(New throughout, adds details from conference call and on revenue and outlook) By Tracy Rucinski CHICAGO, July 28 (Reuters) - JetBlue Airways' future is all about cash and cost structure as it prepares to weather a choppy, non-lineal recovery from the coronavirus pandemic that has crushed air travel demand, Chief Executive Robin Hayes told investors on Tuesday. JetBlue said it had $3.4 billion of liquidity at the end of June and is forecasting a daily cash burn between $7 million and $9 million in the third quarter after an average of $9.5 million over the second quarter. The U.S. airline swung to a net loss of $320 million for the second quarter ended June 30, compared with a profit of $179 million a year earlier.	Total operating revenues plunged 90% to $215 million in the second quarter from a year earlier. JetBlue said it had $3.4 billion of liquidity at the end of June and is forecasting a daily cash burn between $7 million and $9 million in the third quarter after an average of $9.5 million over the second quarter. The U.S. airline swung to a net loss of $320 million for the second quarter ended June 30, compared with a profit of $179 million a year earlier.
5472.0	2020-07-27 00:00:00 UTC	Amplats H1 profit falls as pandemic, processing shutdown weigh	AAL	https://www.nasdaq.com/articles/amplats-h1-profit-falls-as-pandemic-processing-shutdown-weigh-2020-07-27	nan	nan	Adds detail, CEO quote, background JOHANNESBURG, July 27 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J reported on Monday a 7% fall in half-year profit, hurt by the impact of the new coronavirus on output and the temporary shutdown of its processing facilities. The Johannesburg-listed miner, one of the world's largest platinum producers, said headline earnings per share (HEPS) for the six months to June 30 fell to 26.27 rand per share compared with 28.15 rand a year earlier. HEPS is the main profit measure used in South Africa that strips out certain once-off items. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose to 13.1 billion rand from 12.4 billion rand in the year ago period, driven by higher metals prices. The precious metals producer said it expected output to improve in the second half of the year despite production of platinum group metals (PGM) down 25% year-on-year to 1.6 million ounces due to shutdowns in South Africa and Zimbabwe. "We expect to see a stronger production performance in H2 2020, but caution that significant headwinds still exist,” said Amplats CEO Natascha Viljoen. Viljoen, who was appointed CEO in April, said output capacity levels were around 80% by the end of June and expected it to increase to above 95% by the end of the year boosted by open-pit and mechanised mines. "We expect a recovery in 2021, though ongoing social-distancing measures and the possibility of further COVID-19-related shutdowns means output is unlikely to return to its previous level, particularly from underground operations," the company said. Mining companies in South Africa are anxious about managing COVID-19 and preventing outbreaks at mine sites where workers are in close quarters and confined spaces. (Reporting by Tanisha Heiberg; Editing by Alex Richardson and Emelia Sithole-Matarise) ((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.	Adds detail, CEO quote, background JOHANNESBURG, July 27 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J reported on Monday a 7% fall in half-year profit, hurt by the impact of the new coronavirus on output and the temporary shutdown of its processing facilities. "We expect to see a stronger production performance in H2 2020, but caution that significant headwinds still exist,” said Amplats CEO Natascha Viljoen. "We expect a recovery in 2021, though ongoing social-distancing measures and the possibility of further COVID-19-related shutdowns means output is unlikely to return to its previous level, particularly from underground operations," the company said.	The Johannesburg-listed miner, one of the world's largest platinum producers, said headline earnings per share (HEPS) for the six months to June 30 fell to 26.27 rand per share compared with 28.15 rand a year earlier. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose to 13.1 billion rand from 12.4 billion rand in the year ago period, driven by higher metals prices. Mining companies in South Africa are anxious about managing COVID-19 and preventing outbreaks at mine sites where workers are in close quarters and confined spaces.	Adds detail, CEO quote, background JOHANNESBURG, July 27 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J reported on Monday a 7% fall in half-year profit, hurt by the impact of the new coronavirus on output and the temporary shutdown of its processing facilities. The precious metals producer said it expected output to improve in the second half of the year despite production of platinum group metals (PGM) down 25% year-on-year to 1.6 million ounces due to shutdowns in South Africa and Zimbabwe. Viljoen, who was appointed CEO in April, said output capacity levels were around 80% by the end of June and expected it to increase to above 95% by the end of the year boosted by open-pit and mechanised mines.	Adds detail, CEO quote, background JOHANNESBURG, July 27 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J reported on Monday a 7% fall in half-year profit, hurt by the impact of the new coronavirus on output and the temporary shutdown of its processing facilities. The Johannesburg-listed miner, one of the world's largest platinum producers, said headline earnings per share (HEPS) for the six months to June 30 fell to 26.27 rand per share compared with 28.15 rand a year earlier. HEPS is the main profit measure used in South Africa that strips out certain once-off items.
5473.0	2020-07-27 00:00:00 UTC	Majority of U.S. House backs new bailout for U.S. passenger airlines	AAL	https://www.nasdaq.com/articles/majority-of-u.s.-house-backs-new-bailout-for-u.s.-passenger-airlines-2020-07-27-0	nan	nan	By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, July 27 (Reuters) - A majority U.S. House of Representatives lawmakers signed a letter made public on Monday calling for a six-month extension of a $32 billion payroll aid program that they argue is crucial to keeping hundreds of thousands of aviation workers employed through March 31. "Without an extension of the (payroll support program) before then, hundreds of thousands of airline workers will be fired or furloughed on October 1," the lawmakers wrote. The letter, led by House Transportation Committee Chairman Peter DeFazio, was signed by 223 House members, including 195 Democrats and 28 Republicans. The lawmakers said that without action the layoffs "will eclipse those of any furloughs the industry has ever seen." The payroll program is set to expire Sept. 30. Congress awarded $25 billion in payroll assistance to U.S. passenger airlines in March, along with $4 billion for cargo carriers and $3 billion for airport contractors. Most of the bailout funds do not have to be paid back. Senate Republicans on Monday introduced a proposal to address new coronavirus needs but did not include new airline payroll funding. More than a dozen aviation unions applauded the letter, saying, "Congress has the power to ensure airline workers will continue to stay on payroll ... and keep aviation workers ready to turn the industry around once this crisis is behind us.” Airlines have said they are not actively seeking additional federal assistance but would accept funding without additional requirements. When the first package was approved, large U.S. airlines hoped for a recovery in demand by October. But as the virus has accelerated, airline executives warn that demand that had shown signs of recovering was stalling again, threatening jobs. Between American Airlines AAL.O and United Airlines UAL.O, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1. Mass airline layoffs could take place just over a month before the 2020 presidential and congressional elections. (Reporting by David Shepardson; Editing by Leslie Adler) ((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.	Between American Airlines AAL.O and United Airlines UAL.O, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, July 27 (Reuters) - A majority U.S. House of Representatives lawmakers signed a letter made public on Monday calling for a six-month extension of a $32 billion payroll aid program that they argue is crucial to keeping hundreds of thousands of aviation workers employed through March 31. "Without an extension of the (payroll support program) before then, hundreds of thousands of airline workers will be fired or furloughed on October 1," the lawmakers wrote.	Between American Airlines AAL.O and United Airlines UAL.O, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1. "Without an extension of the (payroll support program) before then, hundreds of thousands of airline workers will be fired or furloughed on October 1," the lawmakers wrote. Congress awarded $25 billion in payroll assistance to U.S. passenger airlines in March, along with $4 billion for cargo carriers and $3 billion for airport contractors.	Between American Airlines AAL.O and United Airlines UAL.O, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, July 27 (Reuters) - A majority U.S. House of Representatives lawmakers signed a letter made public on Monday calling for a six-month extension of a $32 billion payroll aid program that they argue is crucial to keeping hundreds of thousands of aviation workers employed through March 31. "Without an extension of the (payroll support program) before then, hundreds of thousands of airline workers will be fired or furloughed on October 1," the lawmakers wrote.	Between American Airlines AAL.O and United Airlines UAL.O, more than 60,000 frontline workers have received warnings that their jobs are on the line on Oct. 1. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, July 27 (Reuters) - A majority U.S. House of Representatives lawmakers signed a letter made public on Monday calling for a six-month extension of a $32 billion payroll aid program that they argue is crucial to keeping hundreds of thousands of aviation workers employed through March 31. "Without an extension of the (payroll support program) before then, hundreds of thousands of airline workers will be fired or furloughed on October 1," the lawmakers wrote.
5474.0	2020-07-27 00:00:00 UTC	Majority of U.S. House backs new bailout for U.S. passenger airlines	AAL	https://www.nasdaq.com/articles/majority-of-u.s.-house-backs-new-bailout-for-u.s.-passenger-airlines-2020-07-27	nan	nan	WASHINGTON, July 27 (Reuters) - A majority of the U.S. House of Representatives signed a letter made public on Monday calling for a six-month extension of a $32 billion payroll aid program set to expire Sept. 30 that they argue is needed to keep hundreds of thousands of aviation workers employed through March 31. "Without an extension of the (payroll support program) before then, hundreds of thousands of airline workers will be fired or furloughed on October 1," the letter said. Congress awarded $25 billion in payroll assistance to U.S. passenger airlines in March. (Reporting by David Shepardson; Editing by Sandra Maler) ((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.	WASHINGTON, July 27 (Reuters) - A majority of the U.S. House of Representatives signed a letter made public on Monday calling for a six-month extension of a $32 billion payroll aid program set to expire Sept. 30 that they argue is needed to keep hundreds of thousands of aviation workers employed through March 31. "Without an extension of the (payroll support program) before then, hundreds of thousands of airline workers will be fired or furloughed on October 1," the letter said. Congress awarded $25 billion in payroll assistance to U.S. passenger airlines in March.	WASHINGTON, July 27 (Reuters) - A majority of the U.S. House of Representatives signed a letter made public on Monday calling for a six-month extension of a $32 billion payroll aid program set to expire Sept. 30 that they argue is needed to keep hundreds of thousands of aviation workers employed through March 31. "Without an extension of the (payroll support program) before then, hundreds of thousands of airline workers will be fired or furloughed on October 1," the letter said. Congress awarded $25 billion in payroll assistance to U.S. passenger airlines in March.	WASHINGTON, July 27 (Reuters) - A majority of the U.S. House of Representatives signed a letter made public on Monday calling for a six-month extension of a $32 billion payroll aid program set to expire Sept. 30 that they argue is needed to keep hundreds of thousands of aviation workers employed through March 31. "Without an extension of the (payroll support program) before then, hundreds of thousands of airline workers will be fired or furloughed on October 1," the letter said. (Reporting by David Shepardson; Editing by Sandra Maler) ((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.	WASHINGTON, July 27 (Reuters) - A majority of the U.S. House of Representatives signed a letter made public on Monday calling for a six-month extension of a $32 billion payroll aid program set to expire Sept. 30 that they argue is needed to keep hundreds of thousands of aviation workers employed through March 31. "Without an extension of the (payroll support program) before then, hundreds of thousands of airline workers will be fired or furloughed on October 1," the letter said. Congress awarded $25 billion in payroll assistance to U.S. passenger airlines in March.
5475.0	2020-07-26 00:00:00 UTC	3 Top Robinhood Stocks You Shouldn't Even Consider Buying	AAL	https://www.nasdaq.com/articles/3-top-robinhood-stocks-you-shouldnt-even-consider-buying-2020-07-26	nan	nan	Robinhood is a great place to see which stocks are in vogue. The trading platform is popular with millennials, and many of the best-performing stocks on the markets find themselves on the Robinhood 100 list. However, not all of these widest-held investments are necessarily good buys, particularly during the economic turmoil that has resulted from the coronavirus pandemic. The three stocks listed below are among the hottest Robinhood stocks right now, but they're also investments that you should keep far away from your portfolio. 1. Cronos Cronos Group (NASDAQ: CRON) is a top stock on Robinhood, but the Ontario-based pot producer really shouldn't be a crowd favorite. Considering its lack of sales growth, recurring operating losses, and a high price-to-sales multiple of more than 80, it's obvious that there are better pot stocks than Cronos. It's also generally not a great sign when a company restates multiple financial statements -- which Cronos did for three quarters in 2019 because its sales numbers were wrong. Image source: Getty Images. There is no shortage of red flags, including earlier this month when investors learned, through a Securities and Exchange Commission filing, that Robert Rosenheck, CEO and co-founder of Lord Jones, was leaving the company. Cronos acquired Lord Jones a year ago in a cash-and-stock deal worth $300 million to compete in what's already a competitive hemp-derived CBD (cannabidiol) market in the U.S. High-ranking departures aren't rare, especially in the cannabis industry. However, it's not a great sign, especially when a company's co-founder leaves so quickly after their company is acquired. When taking into account all the other issues related to this stock, investors should think more than twice about investing your dollars here. 2. American Airlines American Airlines (NASDAQ: AAL) is another popular Robinhood stock despite very little air travel going on in the past few months. The airline reported its second-quarter results on July 23 and it incurred a loss of $2.1 billion as operating revenue declined by a whopping 86% from the prior-year period. Although expenses were also slashed, they dropped by 62% and weren't deep enough to offset the steep fall in sales. Over the past six months, American Airlines burned through $1.1 billion in cash from its day-to-day operating activities. It's bad news when two key areas on the Texas-based company's earnings release were "conserving cash" and "bolstering liquidity." Those are not concerns investors normally have about businesses that are in good shape. And it's a reminder of why American Airlines is anything but a safe investment right now, as people remain indoors during the pandemic and travel is limited. The good news is that the company says its liquidity as of the end of the second quarter was $10.2 billion. While there was initially hope that cities reopening would give the economy a shot in the arm and get more planes in the skies, a nationwide resurgence of COVID-19 cases is calling that optimism into question. That's why investors ought to stay far away from American Airlines shares, as many questions remain ahead. 3. Carnival Carnival (NYSE: CCL) is another risky but favorite Robinhood stock that's dependent on travel. The spread of COVID-19 and resulting lockdowns dealt a blow to the company's financials when Carnival released its second-quarter results on July 10. In Q2, the Florida-based company reported a net loss of $4.4 billion. With just $740 million in revenue for the quarter, Carnival generated just 15% of the $4.8 billion in sales it recorded in the prior-year period. At $740 million, that was barely enough for the company to cover its payroll-related expenses of $705 million in Q2, let alone cover its other overhead and expenses. Like American Airlines, cash is a big concern here for investors. Carnival spent $1.8 billion during the past six months just to cover its day-to-day operating activities. With $6.9 billion in cash and cash equivalents as of May 31, Carnival still looks to be safe -- for now. However, this cruise stock isn't one to be bullish on, certainly not with the spread of COVID-19 showing no sign of slowing down. Are any of these stocks worth the risk? Here's a quick overview of how these stocks have performed compared to the S&P 500 so far in 2020: CRON data by YCharts Cronos is the closest to matching the index, but even its share price is down nearly 15% year to date. As far as all three have tanked in 2020, there's still plenty of room for them to fall further. While Cronos is safer compared to the other stocks from a cash flow perspective (as of March 31, its cash and cash equivalents were over $1.1 billion and quarterly operating cash burn was just $39 million), that's not enough to make it a buy. There are just too many concerns surrounding the company's financials to make the stock worth its hefty valuation. These three stocks are high-risk investments that can destroy your portfolio, and despite the Robinhood hype, you should avoid them at all costs. Here's The Marijuana Stock You've Been Waiting For A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. And make no mistake – it is coming. Cannabis legalization is sweeping over North America – 11 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks. Simply click here to get the full story now. Learn more David Jagielski 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.	American Airlines American Airlines (NASDAQ: AAL) is another popular Robinhood stock despite very little air travel going on in the past few months. There is no shortage of red flags, including earlier this month when investors learned, through a Securities and Exchange Commission filing, that Robert Rosenheck, CEO and co-founder of Lord Jones, was leaving the company. Cronos acquired Lord Jones a year ago in a cash-and-stock deal worth $300 million to compete in what's already a competitive hemp-derived CBD (cannabidiol) market in the U.S.	American Airlines American Airlines (NASDAQ: AAL) is another popular Robinhood stock despite very little air travel going on in the past few months. Over the past six months, American Airlines burned through $1.1 billion in cash from its day-to-day operating activities. While Cronos is safer compared to the other stocks from a cash flow perspective (as of March 31, its cash and cash equivalents were over $1.1 billion and quarterly operating cash burn was just $39 million), that's not enough to make it a buy.	American Airlines American Airlines (NASDAQ: AAL) is another popular Robinhood stock despite very little air travel going on in the past few months. The three stocks listed below are among the hottest Robinhood stocks right now, but they're also investments that you should keep far away from your portfolio. While Cronos is safer compared to the other stocks from a cash flow perspective (as of March 31, its cash and cash equivalents were over $1.1 billion and quarterly operating cash burn was just $39 million), that's not enough to make it a buy.	American Airlines American Airlines (NASDAQ: AAL) is another popular Robinhood stock despite very little air travel going on in the past few months. The three stocks listed below are among the hottest Robinhood stocks right now, but they're also investments that you should keep far away from your portfolio. With $6.9 billion in cash and cash equivalents as of May 31, Carnival still looks to be safe -- for now.
5476.0	2020-07-24 00:00:00 UTC	American Airlines Earnings: Underperformance Continues	AAL	https://www.nasdaq.com/articles/american-airlines-earnings%3A-underperformance-continues-2020-07-24	nan	nan	The COVID-19 pandemic has decimated airlines' financial results in 2020. In the U.S., bookings and passenger traffic plunged steeply beginning in March as the pandemic spread. Despite a modest rebound in demand during May and June, both metrics remain dramatically below 2019 levels. American Airlines (NASDAQ: AAL) has been one of the biggest casualties of this massive downturn. On Thursday morning, the airline giant reported extremely weak results for the second quarter and didn't give investors much reason to be optimistic about the future, either. A massive loss and substantial cash burn American Airlines didn't cut quite as much capacity as its top competitors during the second quarter, partly because it saw an opportunity to capture pockets of demand late in the quarter. For Q2 as a whole, the carrier reduced capacity 76.4% year over year. For comparison, Delta Air Lines (NYSE: DAL) cut capacity by 85.2% and United Airlines (NASDAQ: UAL) slashed capacity by a remarkable 87.8% last quarter. American's management claims that this (comparatively) aggressive capacity plan was the right move. A look at its financial results suggests otherwise. First, American Airlines' revenue plummeted 86.4% year over year in the second quarter: not much better than United's 87.1% revenue drop -- or Delta's 90.6% decline in adjusted revenue, for that matter. As a result, American posted an adjusted net loss of $3.4 billion for Q2: significantly higher than the adjusted net losses of $2.8 billion and $2.6 billion reported by Delta Air Lines and United Airlines, respectively. Image source: American Airlines. Second, American Airlines' daily cash burn averaged $55 million last quarter. While this was better than management's initial projection, that doesn't mean much, as every major U.S. airline seems to have outperformed its cash burn estimates last quarter. Delta's average daily cash burn was $43 million and United's was just $40 million. For perspective, that means each of those carriers saved over $1 billion relative to American Airlines, despite being similar in size. The pain will continue this summer Most airlines have been hesitant to give firm forecasts for the third quarter, because the facts on the ground are changing rapidly. However, based on the information that is available, it appears that American is set to underperform its major rivals once again this quarter. During American Airlines'earnings call management estimated that the company would end the third quarter with about $13 billion of liquidity. As one Wall Street analyst noted, that implies average daily cash burn of at least $35 million, and possibly as much as $40 million. This would be worse than the company's June average daily cash burn of $30 million, reflecting a recent slowdown in bookings associated with rising COVID-19 cases and new restrictions in many parts of the U.S. By contrast, United Airlines said earlier in the week that it would probably burn about $25 million a day this quarter. Delta didn't provide a specific forecast, but it said that cash trends for the month of July would likely be in line with June's average daily cash burn of $27 million. A weak balance sheet is getting even weaker Aside from its short-term earnings underperformance this year, American Airlines entered 2020 with the worst balance sheet by far among major U.S. airlines. The COVID-19 crisis is making a bad situation worse. By the end of the second quarter, American Airlines had an even $40 billion of debt and lease liabilities, not to mention $6 billion of net pension and post-retirement benefits. Furthermore, to boost liquidity to $13 billion by the end of Q3, American Airlines recently arranged a new $1.2 billion secured borrowing from Goldman Sachs and expects to finalize a $4.75 billion secured loan from the Treasury Department later this quarter. All in all, American Airlines is on track to end 2020 with more than $50 billion of debt, lease, and pension liabilities. And while the carrier hopes to return to positive cash flow next year so that it can start repaying some of these liabilities, doing so will depend on a meaningful improvement in demand, which may or may not materialize. As a result, while there's a case to be made for betting on an airline industry turnaround, investors should continue to steer clear of American Airlines. 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 June 2, 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.	American Airlines (NASDAQ: AAL) has been one of the biggest casualties of this massive downturn. On Thursday morning, the airline giant reported extremely weak results for the second quarter and didn't give investors much reason to be optimistic about the future, either. The pain will continue this summer Most airlines have been hesitant to give firm forecasts for the third quarter, because the facts on the ground are changing rapidly.	American Airlines (NASDAQ: AAL) has been one of the biggest casualties of this massive downturn. As a result, American posted an adjusted net loss of $3.4 billion for Q2: significantly higher than the adjusted net losses of $2.8 billion and $2.6 billion reported by Delta Air Lines and United Airlines, respectively. Second, American Airlines' daily cash burn averaged $55 million last quarter.	American Airlines (NASDAQ: AAL) has been one of the biggest casualties of this massive downturn. A massive loss and substantial cash burn American Airlines didn't cut quite as much capacity as its top competitors during the second quarter, partly because it saw an opportunity to capture pockets of demand late in the quarter. As a result, American posted an adjusted net loss of $3.4 billion for Q2: significantly higher than the adjusted net losses of $2.8 billion and $2.6 billion reported by Delta Air Lines and United Airlines, respectively.	American Airlines (NASDAQ: AAL) has been one of the biggest casualties of this massive downturn. A massive loss and substantial cash burn American Airlines didn't cut quite as much capacity as its top competitors during the second quarter, partly because it saw an opportunity to capture pockets of demand late in the quarter. For Q2 as a whole, the carrier reduced capacity 76.4% year over year.
5477.0	2020-07-23 00:00:00 UTC	S&P 500 set to snap winning streak as labor market rebound slows	AAL	https://www.nasdaq.com/articles/sp-500-set-to-snap-winning-streak-as-labor-market-rebound-slows-2020-07-23-0	nan	nan	By Medha Singh and Devik Jain July 23 (Reuters) - U.S. stocks fell on Thursday following the S&P 500's four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months against the backdrop of a resurgence in U.S. coronavirus cases, which topped 4 million across the country. "Because of the perception that there will continue to be further commitment to the market, you're seeing a market that is continuing forward despite a level of rationality from many savvy experienced people who think this is stone cold crazy," said Eric Schiffer, chief executive officer of the private equity firm, the Patriarch Organization. "We are at an inflection point and given how the health conditions may impact business - which was not considered to the extent it is today - the market is on far shakier ground that investors believe." U.S. Senate Republicans plan to propose another round of direct payments to Americans in the next coronavirus relief bill, a senior aide said on Thursday, as the White House urged Republican lawmakers to get a $1 trillion relief package out quickly. Optimism about a potential vaccine, fiscal stimulus and improving economic data has helped the benchmark S&P 500 recoup most of its virus-induced losses and rise 1.2% this year. The benchmark index is about 3% below from its Feb. 19 record close. Of the 75 S&P 500 companies that have reported quarterly results, 77% of them have beaten dramatically lowered profit estimates, according to IBES Refinitiv data. Microsoft Corp MSFT.O fell 1.9%, weighing the most on the S&P 500 and the Nasdaq, as its flagship cloud computing business Azure reported quarterly sales growth of under 50% for the first time ever. Tesla Inc TSLA.O edged higher after posting a fourth consecutive quarterly profit, clearing a hurdle that could lead to the electric carmaker's inclusion in the S&P 500 index .SPX. Twitter Inc TWTR.N jumped 5.4% as it reported record yearly growth in daily users even as its ad sales sank. At 11:05 a.m. ET, the Dow Jones Industrial Average .DJI was down 144.19 points, or 0.53%, at 26,861.65 and the S&P 500 .SPX was down 6.69 points, or 0.20%, at 3,269.33. The Nasdaq Composite .IXIC was down 30.46 points, or 0.28%, at 10,675.67. Home builder PulteGroup Inc PHM.N jumped 9.2% after posting a higher quarterly profit. Shares of American Airlines AAL.O and Southwest Airlines LUV.N slipped after the carriers said they were rethinking the number of flights they had planned to add to their schedules for August and September. The broader S&P 1500 airlines index .SPCOMAIR fell 0.5%. Advancing issues outnumbered decliners by a 1.18-to-1 ratio on the NYSE and by a 1.50-to-1 ratio on the Nasdaq. The S&P index recorded 50 new 52-week highs and no new low, while the Nasdaq recorded 81 new highs and seven new lows. (Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Shounak Dasgupta and Maju Samuel) ((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130; 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.	Shares of American Airlines AAL.O and Southwest Airlines LUV.N slipped after the carriers said they were rethinking the number of flights they had planned to add to their schedules for August and September. By Medha Singh and Devik Jain July 23 (Reuters) - U.S. stocks fell on Thursday following the S&P 500's four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months against the backdrop of a resurgence in U.S. coronavirus cases, which topped 4 million across the country.	Shares of American Airlines AAL.O and Southwest Airlines LUV.N slipped after the carriers said they were rethinking the number of flights they had planned to add to their schedules for August and September. Microsoft Corp MSFT.O fell 1.9%, weighing the most on the S&P 500 and the Nasdaq, as its flagship cloud computing business Azure reported quarterly sales growth of under 50% for the first time ever. Twitter Inc TWTR.N jumped 5.4% as it reported record yearly growth in daily users even as its ad sales sank.	Shares of American Airlines AAL.O and Southwest Airlines LUV.N slipped after the carriers said they were rethinking the number of flights they had planned to add to their schedules for August and September. By Medha Singh and Devik Jain July 23 (Reuters) - U.S. stocks fell on Thursday following the S&P 500's four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. Microsoft Corp MSFT.O fell 1.9%, weighing the most on the S&P 500 and the Nasdaq, as its flagship cloud computing business Azure reported quarterly sales growth of under 50% for the first time ever.	Shares of American Airlines AAL.O and Southwest Airlines LUV.N slipped after the carriers said they were rethinking the number of flights they had planned to add to their schedules for August and September. By Medha Singh and Devik Jain July 23 (Reuters) - U.S. stocks fell on Thursday following the S&P 500's four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. The benchmark index is about 3% below from its Feb. 19 record close.
5478.0	2020-07-23 00:00:00 UTC	4 Top Stock Trades for Friday: AAL, AAPL, SLV, Bitcoin	AAL	https://www.nasdaq.com/articles/4-top-stock-trades-for-friday%3A-aal-aapl-slv-bitcoin-2020-07-23	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares slipped lower on Thursday, as equities failed to climb on the day. With that in mind, let’s look at a few top stock trades as earnings season picks up steam. Top Stock Trades for Tomorrow No. 1: American Airlines (AAL) Click to Enlarge Source: Chart courtesy of StockCharts.com American Airlines (NASDAQ:AAL) has become a favorite among traders looking to play the industry. While the overall market is under pressure, AAL is churning out a gain on Thursday — up 3.6% after earnings. While being up on a down day in the market is good, the bullish notes end there. Shares remain below the 20-day and 50-day moving averages, while they continue to cling to $11 support. Over prior downtrend resistance (blue line) is a positive. However, bulls need to see a rotation over some of these key marks in order to gather some sustainable momentum. Those long against $11 need to see shares reclaim the 20-day and 50-day moving averages, and ideally climb to the 23.6% retracement near $13.50. Above $13.50, and AAL can gain steam, potentially running to the 38.2% retracement near $17. These 7 Robinhood Stocks Have the Legs for Future Gains Below $11 potentially puts $10 or lower in play. Top Stock Trades for Tomorrow No. 2: Apple (AAPL) Click to Enlarge Source: Chart courtesy of StockCharts.com The action in Apple (NASDAQ:AAPL) was not encouraging on Thursday. What has been a market leader is now showing signs of waning momentum. Shares broke below the 10-day and 20-day moving averages on the day, as well as uptrend support (blue line). For now, the 138.2% extension at $370 brought in buyers, while the 161.8% extension continues to act as resistance near $400. If we see a further breakdown — either ahead of or after earnings — I want to see the $350 level act as support. There Apple finds the 123.6% extension and the 50-day moving average. For such a strong stock, this level should act as support, barring some atrocious news. On the upside, Apple needs to reclaim its 20-day moving average, then put $400 back on the table. Top Stock Trades for Tomorrow No. 3: Silver ETF (SLV) Click to Enlarge Source: Chart courtesy of StockCharts.com Silver has been on fire, with the iShares Silver ETF (NYSEARCA:SLV) erupting 17% so far this week. Shares broke out over $17.50, which was resistance in 2019 and 2020, then broke out over the 2016 highs near $19.50. From there, the SLV blasted through the 138.2% extension near $20.30. The 5 Best Biometric Stocks to Buy Now for the Future Ideally, the SLV will now hold up over $20 and the prior 2016 highs. On the upside, see if shares can rotate over this week highs at $21.51, putting the 161.8% extension in play near $21.91. Top Trades for Tomorrow No. 4: Bitcoin Click to Enlarge Source: Chart courtesy of TradingView Bitcoin has started to look more interesting after a quiet few weeks. For something as volatile as bitcoin, the asset has traded in a relative tight $1,000 range for the last few months. Shares broke out over downtrend resistance (blue line), reclaiming the 20-day and 50-day moving averages in the process. Let’s see if bitcoin can continue to run, putting $10,000 in play. Above $10,000 and stiff resistance between $10,350 and $10,500 is possible, before an even larger breakout could begin. On the downside, a close below the 50-day moving average puts $9,000 back on the table, followed by the 200-day moving average. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. The post 4 Top Stock Trades for Friday: AAL, AAPL, SLV, Bitcoin 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.	Click to Enlarge Source: Chart courtesy of StockCharts.com American Airlines (NASDAQ:AAL) has become a favorite among traders looking to play the industry. The post 4 Top Stock Trades for Friday: AAL, AAPL, SLV, Bitcoin appeared first on InvestorPlace. 1: American Airlines (AAL)	Click to Enlarge Source: Chart courtesy of StockCharts.com American Airlines (NASDAQ:AAL) has become a favorite among traders looking to play the industry. 1: American Airlines (AAL) While the overall market is under pressure, AAL is churning out a gain on Thursday — up 3.6% after earnings.	The post 4 Top Stock Trades for Friday: AAL, AAPL, SLV, Bitcoin appeared first on InvestorPlace. 1: American Airlines (AAL) Click to Enlarge Source: Chart courtesy of StockCharts.com American Airlines (NASDAQ:AAL) has become a favorite among traders looking to play the industry.	The post 4 Top Stock Trades for Friday: AAL, AAPL, SLV, Bitcoin appeared first on InvestorPlace. 1: American Airlines (AAL) Click to Enlarge Source: Chart courtesy of StockCharts.com American Airlines (NASDAQ:AAL) has become a favorite among traders looking to play the industry.
5479.0	2020-07-23 00:00:00 UTC	Wall Street closes sharply lower on tech selloff	AAL	https://www.nasdaq.com/articles/wall-street-closes-sharply-lower-on-tech-selloff-2020-07-23	nan	nan	For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window U.S. jobless claims post surprise increase Apple faces multi-state consumer protection probes Microsoft falls as cloud unit revenue growth slows Intel posts earnings, tumbles 8% after the bell Indexes fall: Dow 1.31%, S&P 1.23%, Nasdaq 2.29% Updates with closing prices, adds Intel after the bell By Stephen Culp NEW YORK, July 23 (Reuters) - Wall Street dropped sharply on Thursday as investors fled market-leading tech shares due to mixed earnings reports and growing signs of a worsening coronavirus pandemic, which could exacerbate a deep economic recession. The sell-off steepened after a tech watchdog group reported that Apple Inc AAPL.O faces consumer protection investigations in multiple states. The bellwether S&P 500 slid more than 1%, snapping a four-day winning streak with its biggest daily percentage drop since June 26. All three major U.S. stock averages lost ground, with falling momentum stocks Apple, Microsoft Corp MSFT.O and Amazon.com AMZN.O weighing heaviest. Apple ended the session down 4.6%. "There has been a real disparity between growth and value and the narrowing has begun," said Stephen Massocca, Senior Vice President at Wedbush Securities in San Francisco. "There was also a significant delta between large cap and small cap and we're seeing that narrow as well." The Russell 2000 .RUT and the S&P Smallcap 600 .SPCY, both small cap indexes, outperformed the broader market. U.S. jobless claims unexpectedly ticked higher to 1.416 million last week, the Labor Department said. The number excludes recipients of Pandemic Unemployment Assistance, set to expire on July 31. Congress kept working to pass new stimulus before that deadline continued, with Senate Republicans announcing they could present their version of the bill to Democrats as early as this week. Total U.S. coronavirus cases topped 4 million on Thursday, with nearly 2,600 new cases every hour, on average, according to a Reuters tally. The Dow Jones Industrial Average .DJIfell 353.51 points, or 1.31%, to 26,652.33, the S&P 500 .SPXlost 40.36 points, or 1.23%, to 3,235.66 and the Nasdaq Composite .IXICdropped 244.71 points, or 2.29%, to 10,461.42. Of the 11 major sectors in the S&P 500, eight closed in the red, with tech shares .SPLRCT notching the largest percentage drop. Second-quarter reporting season is in full-stride, with 113 S&P 500 constituents having reported. Refinitiv data shows that 77% of those have beaten expectations that were extraordinarily low. Microsoft Corp MSFT.O dropped 4.3% after reporting its cloud computing business Azure reported its first-ever quarterly growth under 50%. Tesla Inc TSLA.O reported a profit for the fourth straight quarter, setting the company up for inclusion in the S&P 500. But the stock slid 5.0% as analysts questioned whether the electric automaker's stock price matched its performance. American Airlines Group Inc AAL.O jumped 3.7% after announcing it would rethink the number of flights to add in August and September. Also, it reported an adjusted loss per share of $7.82. Airlines, battered by mandated lockdowns, reversed early losses to cross well into the black. The S&P 1500 Airlines index .SPCOMAIR gained 1.3%. Twitter Inc TWTR.N rose 4.1% after reporting its highest-ever annual growth of daily users. Declining issues outnumbered advancing ones on the NYSE by a 1.18-to-1 ratio; on Nasdaq, a 1.61-to-1 ratio favored decliners. The S&P 500 posted 51 new 52-week highs and no new lows; the Nasdaq Composite recorded 103 new highs and 17 new lows. Intel Corp INTC.O said after the bell that its new 7nm chip technology was six months behind schedule, which sent its shares down more than 8% in extended trading. Volume on U.S. exchanges was 10.77 billion shares, compared with the 11.14 billion average over the last 20 trading days. (Reporting by Stephen Culp; Editing by David Gregorio) ((stephen.culp@thomsonreuters.com; 646-223-6076;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	American Airlines Group Inc AAL.O jumped 3.7% after announcing it would rethink the number of flights to add in August and September. For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window U.S. jobless claims post surprise increase Apple faces multi-state consumer protection probes Microsoft falls as cloud unit revenue growth slows Intel posts earnings, tumbles 8% after the bell Indexes fall: Dow 1.31%, S&P 1.23%, Nasdaq 2.29% Updates with closing prices, adds Intel after the bell By Stephen Culp NEW YORK, July 23 (Reuters) - Wall Street dropped sharply on Thursday as investors fled market-leading tech shares due to mixed earnings reports and growing signs of a worsening coronavirus pandemic, which could exacerbate a deep economic recession. "There has been a real disparity between growth and value and the narrowing has begun," said Stephen Massocca, Senior Vice President at Wedbush Securities in San Francisco.	American Airlines Group Inc AAL.O jumped 3.7% after announcing it would rethink the number of flights to add in August and September. For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window U.S. jobless claims post surprise increase Apple faces multi-state consumer protection probes Microsoft falls as cloud unit revenue growth slows Intel posts earnings, tumbles 8% after the bell Indexes fall: Dow 1.31%, S&P 1.23%, Nasdaq 2.29% Updates with closing prices, adds Intel after the bell By Stephen Culp NEW YORK, July 23 (Reuters) - Wall Street dropped sharply on Thursday as investors fled market-leading tech shares due to mixed earnings reports and growing signs of a worsening coronavirus pandemic, which could exacerbate a deep economic recession. The sell-off steepened after a tech watchdog group reported that Apple Inc AAPL.O faces consumer protection investigations in multiple states.	American Airlines Group Inc AAL.O jumped 3.7% after announcing it would rethink the number of flights to add in August and September. For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window U.S. jobless claims post surprise increase Apple faces multi-state consumer protection probes Microsoft falls as cloud unit revenue growth slows Intel posts earnings, tumbles 8% after the bell Indexes fall: Dow 1.31%, S&P 1.23%, Nasdaq 2.29% Updates with closing prices, adds Intel after the bell By Stephen Culp NEW YORK, July 23 (Reuters) - Wall Street dropped sharply on Thursday as investors fled market-leading tech shares due to mixed earnings reports and growing signs of a worsening coronavirus pandemic, which could exacerbate a deep economic recession. All three major U.S. stock averages lost ground, with falling momentum stocks Apple, Microsoft Corp MSFT.O and Amazon.com AMZN.O weighing heaviest.	American Airlines Group Inc AAL.O jumped 3.7% after announcing it would rethink the number of flights to add in August and September. For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window U.S. jobless claims post surprise increase Apple faces multi-state consumer protection probes Microsoft falls as cloud unit revenue growth slows Intel posts earnings, tumbles 8% after the bell Indexes fall: Dow 1.31%, S&P 1.23%, Nasdaq 2.29% Updates with closing prices, adds Intel after the bell By Stephen Culp NEW YORK, July 23 (Reuters) - Wall Street dropped sharply on Thursday as investors fled market-leading tech shares due to mixed earnings reports and growing signs of a worsening coronavirus pandemic, which could exacerbate a deep economic recession. Microsoft Corp MSFT.O dropped 4.3% after reporting its cloud computing business Azure reported its first-ever quarterly growth under 50%.
5480.0	2020-07-23 00:00:00 UTC	Why Airline Stocks Are Higher Today	AAL	https://www.nasdaq.com/articles/why-airline-stocks-are-higher-today-2020-07-23	nan	nan	What happened Airlines are in the green on Thursday, a down day for broader markets, as investors are slowly warming to the sector as earnings season continues. The companies are posting losses in the second quarter, as expected, but all appear to have clear plans to ride out the coronavirus pandemic without running out of cash. Shares of United Airlines Holdings (NASDAQ: UAL) traded up as much as 10.9% mid-day on Thursday, while shares of American Airlines Group (NASDAQ: AAL) peaked at up 9.2%, Spirit Airlines (NYSE: SAVE) gained 7%, and Delta Air Lines (NYSE: DAL) traded up 5.5%. The sector gave back some of those gains as the afternoon went on, but all four airlines were up as of 3:30 p.m. EST, even as the S&P 500 was down more than 1.4%. So what Airlines have been hit hard by the pandemic, with travel demand all but evaporating in April and only recovering slightly in the months since. Industry second quarter revenue is down 80% or more year over year, and with new cases spiking in many parts of the country, airlines are planning on shrinking schedules further as summer ends. Image source: Getty Images. Investors know the airlines are going to lose money for at least the next few quarters. The question is, do the companies have the wherewithal to ride out the pandemic without burning through cash reserves? And while nothing is certain, earnings season so far has added to confidence levels that the industry is stronger than initially feared. United, American, and Spirit all reported earnings in the last 24 hours, and none of them gave any reason for investors to believe the sky is falling. American reported second quarter revenue down 86% year over year, but said it had reduced cash burn to $30 million a day in June from as high as $100 million in April. As importantly, it has $10.2 billion in available liquidity and more money coming in via government loans and other financing. United revenue was down 87% year over year, and the company said it expects cash burn to fall to $25 million per day in the third quarter from $40 million per day in the second quarter. United ended the quarter with $15.2 billion in liquidity, and expects liquidity to grow to $18 billion by the end of the third quarter. Spirit revenue fell 86% year over year, and cash burn is down to $1.5 million per day in June from $9.5 million per day in April. The company, which is much smaller than American or United, ended the quarter with $1.2 billion in liquidity and announced a new 20 million share stock offering on Thursday to boost that total further. Delta released earnings last week that were well-received by investors, and seems to be getting a fresh lift on Thursday as a new round of earnings reports are digested. Now what Bankruptcy still isn't completely off the table, because we don't know how long the pandemic will last or what the economy will look like once it is finally over. The airlines have done good work adding to their cash reserves but no company can survive this environment indefinitely, and even when it is over it will take years to rebuild industry balance sheets bruised by added debt. At best the industry is facing a multi-year turnaround, with travel demand not expected to return to pre-pandemic levels until 2022 at the earliest. For those who want to buy in, and are ready to wait out the turbulence, I'd advise buying the most stable companies in the industry. For me that's Delta, Southwest Airlines, and Alaska Air Group, not the names that are flying the highest on Thursday. 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 June 2, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of and recommends Spirit Airlines. The Motley Fool recommends Alaska Air Group, 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.	Shares of United Airlines Holdings (NASDAQ: UAL) traded up as much as 10.9% mid-day on Thursday, while shares of American Airlines Group (NASDAQ: AAL) peaked at up 9.2%, Spirit Airlines (NYSE: SAVE) gained 7%, and Delta Air Lines (NYSE: DAL) traded up 5.5%. What happened Airlines are in the green on Thursday, a down day for broader markets, as investors are slowly warming to the sector as earnings season continues. The companies are posting losses in the second quarter, as expected, but all appear to have clear plans to ride out the coronavirus pandemic without running out of cash.	Shares of United Airlines Holdings (NASDAQ: UAL) traded up as much as 10.9% mid-day on Thursday, while shares of American Airlines Group (NASDAQ: AAL) peaked at up 9.2%, Spirit Airlines (NYSE: SAVE) gained 7%, and Delta Air Lines (NYSE: DAL) traded up 5.5%. United revenue was down 87% year over year, and the company said it expects cash burn to fall to $25 million per day in the third quarter from $40 million per day in the second quarter. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.	Shares of United Airlines Holdings (NASDAQ: UAL) traded up as much as 10.9% mid-day on Thursday, while shares of American Airlines Group (NASDAQ: AAL) peaked at up 9.2%, Spirit Airlines (NYSE: SAVE) gained 7%, and Delta Air Lines (NYSE: DAL) traded up 5.5%. American reported second quarter revenue down 86% year over year, but said it had reduced cash burn to $30 million a day in June from as high as $100 million in April. United revenue was down 87% year over year, and the company said it expects cash burn to fall to $25 million per day in the third quarter from $40 million per day in the second quarter.	Shares of United Airlines Holdings (NASDAQ: UAL) traded up as much as 10.9% mid-day on Thursday, while shares of American Airlines Group (NASDAQ: AAL) peaked at up 9.2%, Spirit Airlines (NYSE: SAVE) gained 7%, and Delta Air Lines (NYSE: DAL) traded up 5.5%. United revenue was down 87% year over year, and the company said it expects cash burn to fall to $25 million per day in the third quarter from $40 million per day in the second quarter. * 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!
5481.0	2020-07-23 00:00:00 UTC	Noteworthy Thursday Option Activity: AAL, MGM, CVS	AAL	https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-aal-mgm-cvs-2020-07-23	nan	nan	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 373,715 contracts have traded so far, representing approximately 37.4 million underlying shares. That amounts to about 43% of AAL's average daily trading volume over the past month of 86.9 million shares. Particularly high volume was seen for the $12 strike call option expiring July 24, 2020, with 28,596 contracts trading so far today, representing approximately 2.9 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $12 strike highlighted in orange: MGM Resorts International (Symbol: MGM) options are showing a volume of 89,383 contracts thus far today. That number of contracts represents approximately 8.9 million underlying shares, working out to a sizeable 42% of MGM's average daily trading volume over the past month, of 21.3 million shares. Particularly high volume was seen for the $23 strike call option expiring December 18, 2020, with 9,522 contracts trading so far today, representing approximately 952,200 underlying shares of MGM. Below is a chart showing MGM's trailing twelve month trading history, with the $23 strike highlighted in orange: And CVS Health Corporation (Symbol: CVS) saw options trading volume of 27,294 contracts, representing approximately 2.7 million underlying shares or approximately 41.3% of CVS's average daily trading volume over the past month, of 6.6 million shares. Particularly high volume was seen for the $62.50 strike call option expiring August 21, 2020, with 3,108 contracts trading so far today, representing approximately 310,800 underlying shares of CVS. Below is a chart showing CVS's trailing twelve month trading history, with the $62.50 strike highlighted in orange: For the various different available expirations for AAL options, MGM options, or CVS options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Particularly high volume was seen for the $12 strike call option expiring July 24, 2020, with 28,596 contracts trading so far today, representing approximately 2.9 million underlying shares of AAL. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 373,715 contracts have traded so far, representing approximately 37.4 million underlying shares. That amounts to about 43% of AAL's average daily trading volume over the past month of 86.9 million shares.	Particularly high volume was seen for the $12 strike call option expiring July 24, 2020, with 28,596 contracts trading so far today, representing approximately 2.9 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $12 strike highlighted in orange: MGM Resorts International (Symbol: MGM) options are showing a volume of 89,383 contracts thus far today. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 373,715 contracts have traded so far, representing approximately 37.4 million underlying shares.	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 373,715 contracts have traded so far, representing approximately 37.4 million underlying shares. Particularly high volume was seen for the $12 strike call option expiring July 24, 2020, with 28,596 contracts trading so far today, representing approximately 2.9 million underlying shares of AAL. That amounts to about 43% of AAL's average daily trading volume over the past month of 86.9 million shares.	Particularly high volume was seen for the $12 strike call option expiring July 24, 2020, with 28,596 contracts trading so far today, representing approximately 2.9 million underlying shares of AAL. Below is a chart showing CVS's trailing twelve month trading history, with the $62.50 strike highlighted in orange: For the various different available expirations for AAL options, MGM options, or CVS options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 373,715 contracts have traded so far, representing approximately 37.4 million underlying shares.
5482.0	2020-07-23 00:00:00 UTC	Wall Street drops on mixed earnings, jobless claims data	AAL	https://www.nasdaq.com/articles/wall-street-drops-on-mixed-earnings-jobless-claims-data-2020-07-23	nan	nan	By Stephen Culp NEW YORK, July 23 (Reuters) - Wall Street retreated on Thursday as mixed earnings, a surprise increase in U.S. jobless claims and Washington's tug-of-war over stimulus measures fed risk aversion among investors. The sell-off steepened after Axios reported that Apple faces a multi-state consumer protection probe. All three major U.S. stock averages were lower, with falling momentum stocks Apple Inc AAPL.O, Microsoft Corp MSFT.O and Amazon.com AMZN.O weighing heaviest. "We keep seeing this push-pull rotation in and out of cyclicals and large cap names," said Robert Pavlik, chief investment strategist, senior portfolio manager at SlateStone Wealth LLC in New York. "People believe that tech has had its run and is looking expensive." U.S. jobless claims unexpectedly ticked higher to 1.416 million last week, the Labor Department said. The number excludes recipients of Pandemic Unemployment Assistance, set to expire on July 31. Congress kept working to pass new stimulus before that deadline continued, with Senate Republicans announcing they could present their version of the bill to Democrats as early as this week. Total U.S. coronavirus cases topped 4 million on Thursday, with nearly 2,600 new cases every hour, on average, according to a Reuters tally. "There's so much uncertainty about stimulus, the election, earnings, the racial landscape and geopolitical tensions," Pavlik added. "And underlying everything is the uncertainty about COVID-19 and the re-opening process." The Dow Jones Industrial Average .DJI fell 343.25 points, or 1.27%, to 26,662.59, the S&P 500 .SPX lost 42.66 points, or 1.30%, to 3,233.36 and the Nasdaq Composite .IXIC dropped 258.85 points, or 2.42%, to 10,447.28. Of the 11 major sectors in the S&P 500, eight were in the red, with tech shares .SPLRCT notching the largest percentage drop. Second-quarter reporting season is in full-stride, with 113 S&P 500 constituents having reported. Refinitiv data shows that 77% of those have beaten expectations that were extraordinarily low. Analysts now see aggregate second-quarter S&P earnings plummeting by 40.8%, year-on-year, per Refinitiv Microsoft Corp MSFT.O dropped 4.1% after reporting its cloud computing business Azure reported its first-ever quarterly growth under 50%. Tesla Inc TSLA.O reported a profit for the fourth straight quarter, setting the company up for inclusion in the S&P 500. But the stock slid 6.0% as analysts questioned whether the electric automaker's stock price matched its performance. American Airlines Group Inc AAL.O jumped 3.8% after announcing it would rethink the number of flights to add in August and September. Also, it reported an adjusted loss per share of $7.82. Airlines, battered by mandated lockdowns, reversed early losses to cross well into the black. The S&P 1500 Airlines index .SPCOMAIR was up 1.7%. Twitter Inc TWTR.N rose 3.4% after reporting its highest-ever annual growth of daily users. Declining issues outnumbered advancing ones on the NYSE by a 1.14-to-1 ratio; on Nasdaq, a 1.49-to-1 ratio favored decliners. The S&P 500 posted 51 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 13 new lows. (Reporting by Stephen Culp; Editing by David Gregorio) ((stephen.culp@thomsonreuters.com; 646-223-6076;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	American Airlines Group Inc AAL.O jumped 3.8% after announcing it would rethink the number of flights to add in August and September. By Stephen Culp NEW YORK, July 23 (Reuters) - Wall Street retreated on Thursday as mixed earnings, a surprise increase in U.S. jobless claims and Washington's tug-of-war over stimulus measures fed risk aversion among investors. "We keep seeing this push-pull rotation in and out of cyclicals and large cap names," said Robert Pavlik, chief investment strategist, senior portfolio manager at SlateStone Wealth LLC in New York.	American Airlines Group Inc AAL.O jumped 3.8% after announcing it would rethink the number of flights to add in August and September. By Stephen Culp NEW YORK, July 23 (Reuters) - Wall Street retreated on Thursday as mixed earnings, a surprise increase in U.S. jobless claims and Washington's tug-of-war over stimulus measures fed risk aversion among investors. The Dow Jones Industrial Average .DJI fell 343.25 points, or 1.27%, to 26,662.59, the S&P 500 .SPX lost 42.66 points, or 1.30%, to 3,233.36 and the Nasdaq Composite .IXIC dropped 258.85 points, or 2.42%, to 10,447.28.	American Airlines Group Inc AAL.O jumped 3.8% after announcing it would rethink the number of flights to add in August and September. By Stephen Culp NEW YORK, July 23 (Reuters) - Wall Street retreated on Thursday as mixed earnings, a surprise increase in U.S. jobless claims and Washington's tug-of-war over stimulus measures fed risk aversion among investors. Analysts now see aggregate second-quarter S&P earnings plummeting by 40.8%, year-on-year, per Refinitiv Microsoft Corp MSFT.O dropped 4.1% after reporting its cloud computing business Azure reported its first-ever quarterly growth under 50%.	American Airlines Group Inc AAL.O jumped 3.8% after announcing it would rethink the number of flights to add in August and September. Analysts now see aggregate second-quarter S&P earnings plummeting by 40.8%, year-on-year, per Refinitiv Microsoft Corp MSFT.O dropped 4.1% after reporting its cloud computing business Azure reported its first-ever quarterly growth under 50%. Also, it reported an adjusted loss per share of $7.82.
5483.0	2020-07-23 00:00:00 UTC	S&P 500 eases from five-month high as labor market rebound slows	AAL	https://www.nasdaq.com/articles/sp-500-eases-from-five-month-high-as-labor-market-rebound-slows-2020-07-23	nan	nan	By Medha Singh and Devik Jain July 23 (Reuters) - The S&P 500 backed off a five-month peak in a choppy trading on Thursday as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months against the backdrop of a resurgence in U.S. coronavirus cases, which has now infected more than 4 million people across the country. "Because of the perception that there will continue to be further commitment to the market, you're seeing a market that is continuing forward despite a level of rationality from many savvy experienced people who think this is stone cold crazy," said Eric Schiffer, chief executive officer of the private equity firm, the Patriarch Organization. "We are at an inflection point and given how the health conditions may impact business - which was not considered to the extent it is today - the market is on far shakier ground that investors believe." U.S. Senate Republicans plan to propose another round of direct payments to Americans in the next coronavirus relief bill, a senior aide said on Thursday, as the White House urged Republican lawmakers to get a $1 trillion relief package out quickly. Optimism about a potential vaccine, fiscal stimulus and improving economic data has helped the benchmark S&P 500 recoup most of its virus-induced losses and rise 1% this year. The benchmark index is about 3% below its Feb. 19 record close. Of the 75 S&P 500 companies that have reported quarterly results, 77% of them have beaten dramatically lowered profit estimates, according to IBES Refinitiv data. Microsoft Corp MSFT.O fell 2.7%, weighing the most on the S&P 500 and the Nasdaq, as its flagship cloud computing business Azure reported quarterly sales growth of under 50% for the first time ever. Tesla Inc TSLA.O posted a fourth consecutive quarterly profit, clearing a hurdle that could lead to the electric carmaker's inclusion in the S&P 500 index .SPX. However its shares gave back early losses to fall 2.5%. Twitter Inc TWTR.N jumped 6.0% as it reported record yearly growth in daily users. At 1:07 p.m. ET, the Dow Jones Industrial Average .DJI was down 103.19 points, or 0.38%, at 26,902.65 and the S&P 500 .SPX was down 11.58 points, or 0.35%, at 3,264.44. The Nasdaq Composite .IXIC was down 106.11 points, or 0.99%, at 10,600.02. American Airlines AAL.O and Southwest Airlines LUV.N said they were rethinking the number of flights they had planned to add to their schedules for August and September. However, shares of both the carriers rose as American joined major carriers in expecting slowing cash burn rates over the rest of the year. The S&P 1500 airlines index .SPCOMAIR erased early losses to advance 3.2%. Advancing issues outnumbered decliners by a 1.46-to-1 ratio on the NYSE and by a 1.27-to-1 ratio on the Nasdaq. The S&P index recorded 51 new 52-week highs and no new low, while the Nasdaq recorded 97 new highs and 12 new lows. (Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Shounak Dasgupta and Maju Samuel) ((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130; 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.	American Airlines AAL.O and Southwest Airlines LUV.N said they were rethinking the number of flights they had planned to add to their schedules for August and September. By Medha Singh and Devik Jain July 23 (Reuters) - The S&P 500 backed off a five-month peak in a choppy trading on Thursday as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months against the backdrop of a resurgence in U.S. coronavirus cases, which has now infected more than 4 million people across the country.	American Airlines AAL.O and Southwest Airlines LUV.N said they were rethinking the number of flights they had planned to add to their schedules for August and September. Twitter Inc TWTR.N jumped 6.0% as it reported record yearly growth in daily users. The S&P 1500 airlines index .SPCOMAIR erased early losses to advance 3.2%.	American Airlines AAL.O and Southwest Airlines LUV.N said they were rethinking the number of flights they had planned to add to their schedules for August and September. By Medha Singh and Devik Jain July 23 (Reuters) - The S&P 500 backed off a five-month peak in a choppy trading on Thursday as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. The S&P index recorded 51 new 52-week highs and no new low, while the Nasdaq recorded 97 new highs and 12 new lows.	American Airlines AAL.O and Southwest Airlines LUV.N said they were rethinking the number of flights they had planned to add to their schedules for August and September. By Medha Singh and Devik Jain July 23 (Reuters) - The S&P 500 backed off a five-month peak in a choppy trading on Thursday as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. The benchmark index is about 3% below its Feb. 19 record close.
5484.0	2020-07-23 00:00:00 UTC	BUZZ-U.S. STOCKS ON THE MOVE-Danaher Corp, American Airlines, Dynavax Technologies	AAL	https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-danaher-corp-american-airlines-dynavax-technologies-2020-07	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 fell on Thursday following the S&P 500's four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. .N At 11:30 a.m. ET, the Dow Jones Industrial Average .DJI was down 0.31% at 26,923.31. The S&P 500 .SPX was down 0.09% at 3,273.1 and the Nasdaq Composite .IXIC was down 0.12% at 10,693.371. The top three S&P 500 .PG.INX percentage gainers: WhirlPool Corp , up 10.5% Pultegroup Inc , up 10.1% Equifax Inc , up 7.9% The top three S&P 500 .PL.INX percentage losers: Allegion Plc , down 7.4% Citrix Systems Inc , down 7.2% SL Green Realty Corp , down 4.8% The top three NYSE .PG.N percentage gainers: Bluegreen Vacations Corp , up 25.8% Montrose Environmental Group Inc , up 25.7% Helix Energy Solutions Group Inc , up 24.9% The top three NYSE .PL.N percentage losers: Mexco Energy , down 14.1% Bright Scholar Education Holdings Ltd BEDU.N, down 10.7% Trinity Industries Inc , down 8.5% The top three Nasdaq .PG.O percentage gainers: Milestone Pharmaceuticals Inc , up 118% Brightcove Inc , up 34.3% Cymabay Therapeutics Inc , up 37.4% The top three Nasdaq .PL.O percentage losers: 360 Finance Inc , down 16.2% Big 5 Sporting Goods Corp , down 11.3% Clearsign Technologies Corp , down 10.9% Hershey Co HSY.N: up 4.4% BUZZ-Rises on Q2 profit beat; expects accelerated sales growth in H2 PulteGroup Inc PHM.N: up 10.1% BUZZ-Set to scale 4-month highs as profit jumps 45% Microsoft Corp MSFT.O: down 2.2% BUZZ-Street View: Azure woes cloud Microsoft's Q4; better positioned than rivals Kinder Morgan Inc KMI.N: down 3.9% BUZZ-Street View: Kinder Morgan Q2 lacks clarity in uncertain macro environment Aurinia Pharmaceuticals AUPH.O: down 10.3% BUZZ-slips after pricing $200 mln stock offering HCA Healthcare Inc HCA.N: up 3.1% BUZZ-Street View: HCA Healthcare sets tough precedent for industry peers to repeat Ascena Retail Group Inc ASNA.O: down 22.8% BUZZ-Shares sink on Chapter 11 bankruptcy filing Twitter Inc TWTR.N: up 7.0% BUZZ-Jumps as pandemic, U.S. civil unrest drive usage surge Quest Diagnostics DGX.N: down 0.4% BUZZ-Falls after slight revenue miss Brainstorm Cell Therapeutics Inc BCLI.O: up 8.3% BUZZ-Up after potential COVID-19 drug shows promise in preclinical study Tractor Supply Co TSCO.O: up 1.2% BUZZ-Eyes fresh record high after results, forecast beat AutoNation Inc AN.N: up 8.7% BUZZ-Rises on upbeat quarterly results Kimberly-Clark KMB.N: up 2.3% BUZZ-Rises as strong tissue sales prompt upbeat forecast Southwest Airlines Co LUV.N: down 1.2% BUZZ-Southwest shares dip as July demand stalls on surging COVID-19 cases CymaBay Therapeutics Inc CBAY.O: up 33.3% BUZZ-Jumps after FDA lifts clinical hold on liver disease drug Kaleido Biosciences KLDO.O: up 0.8% BUZZ-Up on launching second study of potential COVID-19 drug Helix Energy Solutions HLX.N: up 24.9% BUZZ-Jumps after topping Q2 profit estimates BioNtech SE BNTX.O: down 8.5% BUZZ-Slips after pricing upsized offering Milestone Pharmaceuticals Inc MIST.O: up 118.0% BUZZ-Surges on regulatory pathway for heart drug Dynavax Technologies Corp DVAX.O: up 4.3% BUZZ-Rises on tie-up for COVID-19 vaccine development AMAG Pharmaceuticals AMAG.O: up 15.6% BUZZ-Rises on tie-up with Norgine for blood clotting drug American Airlines Group Inc AAL.O: up 2.7% BUZZ-Falls on bigger-than-expected Q2 loss Danaher Corp DHR.N: up 3.1% BUZZ-Danaher shares hit record after quarterly report, outlook Limelight Networks Inc LLNW.O: down 7.5% BUZZ-Falls on convertible debt deal InspireMD Inc NSPR.N: up 6.5% BUZZ-Up on clearance for carotid stent in Brazil VistaGen Therapeutics Inc VTGN.O: up 8.0% BUZZ-Rises on FDA recommendation for anxiety treatment trial Las Vegas Sands Corp LVS.N: down 4.7% BUZZ-Posts Q2 loss, but analysts positive about cash position Travelers Companies Inc TRV.N: down 3.1% BUZZ-Drops as co swings to Q2 loss The 11 major S&P 500 sectors: Communication Services .SPLRCL down 0.16% Consumer Discretionary .SPLRCD down 0.36% Consumer Staples .SPLRCS up 0.41% Energy .SPNY down 0.96% Financial .SPSY up 0.01% Health .SPXHC up 0.72% Industrial .SPLRCI up 0.30% Information Technology .SPLRCT down 0.28% Materials .SPLRCM up 0.43% Real Estate .SPLRCR down 0.10% Utilities .SPLRCU up 0.63% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: WhirlPool Corp , up 10.5% Pultegroup Inc , up 10.1% Equifax Inc , up 7.9% The top three S&P 500 .PL.INX percentage losers: Allegion Plc , down 7.4% Citrix Systems Inc , down 7.2% SL Green Realty Corp , down 4.8% The top three NYSE .PG.N percentage gainers: Bluegreen Vacations Corp , up 25.8% Montrose Environmental Group Inc , up 25.7% Helix Energy Solutions Group Inc , up 24.9% The top three NYSE .PL.N percentage losers: Mexco Energy , down 14.1% Bright Scholar Education Holdings Ltd BEDU.N, down 10.7% Trinity Industries Inc , down 8.5% The top three Nasdaq .PG.O percentage gainers: Milestone Pharmaceuticals Inc , up 118% Brightcove Inc , up 34.3% Cymabay Therapeutics Inc , up 37.4% The top three Nasdaq .PL.O percentage losers: 360 Finance Inc , down 16.2% Big 5 Sporting Goods Corp , down 11.3% Clearsign Technologies Corp , down 10.9% Hershey Co HSY.N: up 4.4% BUZZ-Rises on Q2 profit beat; expects accelerated sales growth in H2 PulteGroup Inc PHM.N: up 10.1% BUZZ-Set to scale 4-month highs as profit jumps 45% Microsoft Corp MSFT.O: down 2.2% BUZZ-Street View: Azure woes cloud Microsoft's Q4; better positioned than rivals Kinder Morgan Inc KMI.N: down 3.9% BUZZ-Street View: Kinder Morgan Q2 lacks clarity in uncertain macro environment Aurinia Pharmaceuticals AUPH.O: down 10.3% BUZZ-slips after pricing $200 mln stock offering HCA Healthcare Inc HCA.N: up 3.1% BUZZ-Street View: HCA Healthcare sets tough precedent for industry peers to repeat Ascena Retail Group Inc ASNA.O: down 22.8% BUZZ-Shares sink on Chapter 11 bankruptcy filing Twitter Inc TWTR.N: up 7.0% BUZZ-Jumps as pandemic, U.S. civil unrest drive usage surge Quest Diagnostics DGX.N: down 0.4% BUZZ-Falls after slight revenue miss Brainstorm Cell Therapeutics Inc BCLI.O: up 8.3% BUZZ-Up after potential COVID-19 drug shows promise in preclinical study Tractor Supply Co TSCO.O: up 1.2% BUZZ-Eyes fresh record high after results, forecast beat AutoNation Inc AN.N: up 8.7% BUZZ-Rises on upbeat quarterly results Kimberly-Clark KMB.N: up 2.3% BUZZ-Rises as strong tissue sales prompt upbeat forecast Southwest Airlines Co LUV.N: down 1.2% BUZZ-Southwest shares dip as July demand stalls on surging COVID-19 cases CymaBay Therapeutics Inc CBAY.O: up 33.3% BUZZ-Jumps after FDA lifts clinical hold on liver disease drug Kaleido Biosciences KLDO.O: up 0.8% BUZZ-Up on launching second study of potential COVID-19 drug Helix Energy Solutions HLX.N: up 24.9% BUZZ-Jumps after topping Q2 profit estimates BioNtech SE BNTX.O: down 8.5% BUZZ-Slips after pricing upsized offering Milestone Pharmaceuticals Inc MIST.O: up 118.0% BUZZ-Surges on regulatory pathway for heart drug Dynavax Technologies Corp DVAX.O: up 4.3% BUZZ-Rises on tie-up for COVID-19 vaccine development AMAG Pharmaceuticals AMAG.O: up 15.6% BUZZ-Rises on tie-up with Norgine for blood clotting drug American Airlines Group Inc AAL.O: up 2.7% BUZZ-Falls on bigger-than-expected Q2 loss Danaher Corp DHR.N: up 3.1% BUZZ-Danaher shares hit record after quarterly report, outlook Limelight Networks Inc LLNW.O: down 7.5% BUZZ-Falls on convertible debt deal InspireMD Inc NSPR.N: up 6.5% BUZZ-Up on clearance for carotid stent in Brazil VistaGen Therapeutics Inc VTGN.O: up 8.0% BUZZ-Rises on FDA recommendation for anxiety treatment trial Las Vegas Sands Corp LVS.N: down 4.7% BUZZ-Posts Q2 loss, but analysts positive about cash position Travelers Companies Inc TRV.N: down 3.1% BUZZ-Drops as co swings to Q2 loss 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 fell on Thursday following the S&P 500's four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. up 0.63% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: WhirlPool Corp , up 10.5% Pultegroup Inc , up 10.1% Equifax Inc , up 7.9% The top three S&P 500 .PL.INX percentage losers: Allegion Plc , down 7.4% Citrix Systems Inc , down 7.2% SL Green Realty Corp , down 4.8% The top three NYSE .PG.N percentage gainers: Bluegreen Vacations Corp , up 25.8% Montrose Environmental Group Inc , up 25.7% Helix Energy Solutions Group Inc , up 24.9% The top three NYSE .PL.N percentage losers: Mexco Energy , down 14.1% Bright Scholar Education Holdings Ltd BEDU.N, down 10.7% Trinity Industries Inc , down 8.5% The top three Nasdaq .PG.O percentage gainers: Milestone Pharmaceuticals Inc , up 118% Brightcove Inc , up 34.3% Cymabay Therapeutics Inc , up 37.4% The top three Nasdaq .PL.O percentage losers: 360 Finance Inc , down 16.2% Big 5 Sporting Goods Corp , down 11.3% Clearsign Technologies Corp , down 10.9% Hershey Co HSY.N: up 4.4% BUZZ-Rises on Q2 profit beat; expects accelerated sales growth in H2 PulteGroup Inc PHM.N: up 10.1% BUZZ-Set to scale 4-month highs as profit jumps 45% Microsoft Corp MSFT.O: down 2.2% BUZZ-Street View: Azure woes cloud Microsoft's Q4; better positioned than rivals Kinder Morgan Inc KMI.N: down 3.9% BUZZ-Street View: Kinder Morgan Q2 lacks clarity in uncertain macro environment Aurinia Pharmaceuticals AUPH.O: down 10.3% BUZZ-slips after pricing $200 mln stock offering HCA Healthcare Inc HCA.N: up 3.1% BUZZ-Street View: HCA Healthcare sets tough precedent for industry peers to repeat Ascena Retail Group Inc ASNA.O: down 22.8% BUZZ-Shares sink on Chapter 11 bankruptcy filing Twitter Inc TWTR.N: up 7.0% BUZZ-Jumps as pandemic, U.S. civil unrest drive usage surge Quest Diagnostics DGX.N: down 0.4% BUZZ-Falls after slight revenue miss Brainstorm Cell Therapeutics Inc BCLI.O: up 8.3% BUZZ-Up after potential COVID-19 drug shows promise in preclinical study Tractor Supply Co TSCO.O: up 1.2% BUZZ-Eyes fresh record high after results, forecast beat AutoNation Inc AN.N: up 8.7% BUZZ-Rises on upbeat quarterly results Kimberly-Clark KMB.N: up 2.3% BUZZ-Rises as strong tissue sales prompt upbeat forecast Southwest Airlines Co LUV.N: down 1.2% BUZZ-Southwest shares dip as July demand stalls on surging COVID-19 cases CymaBay Therapeutics Inc CBAY.O: up 33.3% BUZZ-Jumps after FDA lifts clinical hold on liver disease drug Kaleido Biosciences KLDO.O: up 0.8% BUZZ-Up on launching second study of potential COVID-19 drug Helix Energy Solutions HLX.N: up 24.9% BUZZ-Jumps after topping Q2 profit estimates BioNtech SE BNTX.O: down 8.5% BUZZ-Slips after pricing upsized offering Milestone Pharmaceuticals Inc MIST.O: up 118.0% BUZZ-Surges on regulatory pathway for heart drug Dynavax Technologies Corp DVAX.O: up 4.3% BUZZ-Rises on tie-up for COVID-19 vaccine development AMAG Pharmaceuticals AMAG.O: up 15.6% BUZZ-Rises on tie-up with Norgine for blood clotting drug American Airlines Group Inc AAL.O: up 2.7% BUZZ-Falls on bigger-than-expected Q2 loss Danaher Corp DHR.N: up 3.1% BUZZ-Danaher shares hit record after quarterly report, outlook Limelight Networks Inc LLNW.O: down 7.5% BUZZ-Falls on convertible debt deal InspireMD Inc NSPR.N: up 6.5% BUZZ-Up on clearance for carotid stent in Brazil VistaGen Therapeutics Inc VTGN.O: up 8.0% BUZZ-Rises on FDA recommendation for anxiety treatment trial Las Vegas Sands Corp LVS.N: down 4.7% BUZZ-Posts Q2 loss, but analysts positive about cash position Travelers Companies Inc TRV.N: down 3.1% BUZZ-Drops as co swings to Q2 loss 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 fell on Thursday following the S&P 500's four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. up 0.63% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: WhirlPool Corp , up 10.5% Pultegroup Inc , up 10.1% Equifax Inc , up 7.9% The top three S&P 500 .PL.INX percentage losers: Allegion Plc , down 7.4% Citrix Systems Inc , down 7.2% SL Green Realty Corp , down 4.8% The top three NYSE .PG.N percentage gainers: Bluegreen Vacations Corp , up 25.8% Montrose Environmental Group Inc , up 25.7% Helix Energy Solutions Group Inc , up 24.9% The top three NYSE .PL.N percentage losers: Mexco Energy , down 14.1% Bright Scholar Education Holdings Ltd BEDU.N, down 10.7% Trinity Industries Inc , down 8.5% The top three Nasdaq .PG.O percentage gainers: Milestone Pharmaceuticals Inc , up 118% Brightcove Inc , up 34.3% Cymabay Therapeutics Inc , up 37.4% The top three Nasdaq .PL.O percentage losers: 360 Finance Inc , down 16.2% Big 5 Sporting Goods Corp , down 11.3% Clearsign Technologies Corp , down 10.9% Hershey Co HSY.N: up 4.4% BUZZ-Rises on Q2 profit beat; expects accelerated sales growth in H2 PulteGroup Inc PHM.N: up 10.1% BUZZ-Set to scale 4-month highs as profit jumps 45% Microsoft Corp MSFT.O: down 2.2% BUZZ-Street View: Azure woes cloud Microsoft's Q4; better positioned than rivals Kinder Morgan Inc KMI.N: down 3.9% BUZZ-Street View: Kinder Morgan Q2 lacks clarity in uncertain macro environment Aurinia Pharmaceuticals AUPH.O: down 10.3% BUZZ-slips after pricing $200 mln stock offering HCA Healthcare Inc HCA.N: up 3.1% BUZZ-Street View: HCA Healthcare sets tough precedent for industry peers to repeat Ascena Retail Group Inc ASNA.O: down 22.8% BUZZ-Shares sink on Chapter 11 bankruptcy filing Twitter Inc TWTR.N: up 7.0% BUZZ-Jumps as pandemic, U.S. civil unrest drive usage surge Quest Diagnostics DGX.N: down 0.4% BUZZ-Falls after slight revenue miss Brainstorm Cell Therapeutics Inc BCLI.O: up 8.3% BUZZ-Up after potential COVID-19 drug shows promise in preclinical study Tractor Supply Co TSCO.O: up 1.2% BUZZ-Eyes fresh record high after results, forecast beat AutoNation Inc AN.N: up 8.7% BUZZ-Rises on upbeat quarterly results Kimberly-Clark KMB.N: up 2.3% BUZZ-Rises as strong tissue sales prompt upbeat forecast Southwest Airlines Co LUV.N: down 1.2% BUZZ-Southwest shares dip as July demand stalls on surging COVID-19 cases CymaBay Therapeutics Inc CBAY.O: up 33.3% BUZZ-Jumps after FDA lifts clinical hold on liver disease drug Kaleido Biosciences KLDO.O: up 0.8% BUZZ-Up on launching second study of potential COVID-19 drug Helix Energy Solutions HLX.N: up 24.9% BUZZ-Jumps after topping Q2 profit estimates BioNtech SE BNTX.O: down 8.5% BUZZ-Slips after pricing upsized offering Milestone Pharmaceuticals Inc MIST.O: up 118.0% BUZZ-Surges on regulatory pathway for heart drug Dynavax Technologies Corp DVAX.O: up 4.3% BUZZ-Rises on tie-up for COVID-19 vaccine development AMAG Pharmaceuticals AMAG.O: up 15.6% BUZZ-Rises on tie-up with Norgine for blood clotting drug American Airlines Group Inc AAL.O: up 2.7% BUZZ-Falls on bigger-than-expected Q2 loss Danaher Corp DHR.N: up 3.1% BUZZ-Danaher shares hit record after quarterly report, outlook Limelight Networks Inc LLNW.O: down 7.5% BUZZ-Falls on convertible debt deal InspireMD Inc NSPR.N: up 6.5% BUZZ-Up on clearance for carotid stent in Brazil VistaGen Therapeutics Inc VTGN.O: up 8.0% BUZZ-Rises on FDA recommendation for anxiety treatment trial Las Vegas Sands Corp LVS.N: down 4.7% BUZZ-Posts Q2 loss, but analysts positive about cash position Travelers Companies Inc TRV.N: down 3.1% BUZZ-Drops as co swings to Q2 loss The 11 major S&P 500 sectors: Communication Services down 0.16% Consumer Discretionary down 0.36% Consumer Staples	The top three S&P 500 .PG.INX percentage gainers: WhirlPool Corp , up 10.5% Pultegroup Inc , up 10.1% Equifax Inc , up 7.9% The top three S&P 500 .PL.INX percentage losers: Allegion Plc , down 7.4% Citrix Systems Inc , down 7.2% SL Green Realty Corp , down 4.8% The top three NYSE .PG.N percentage gainers: Bluegreen Vacations Corp , up 25.8% Montrose Environmental Group Inc , up 25.7% Helix Energy Solutions Group Inc , up 24.9% The top three NYSE .PL.N percentage losers: Mexco Energy , down 14.1% Bright Scholar Education Holdings Ltd BEDU.N, down 10.7% Trinity Industries Inc , down 8.5% The top three Nasdaq .PG.O percentage gainers: Milestone Pharmaceuticals Inc , up 118% Brightcove Inc , up 34.3% Cymabay Therapeutics Inc , up 37.4% The top three Nasdaq .PL.O percentage losers: 360 Finance Inc , down 16.2% Big 5 Sporting Goods Corp , down 11.3% Clearsign Technologies Corp , down 10.9% Hershey Co HSY.N: up 4.4% BUZZ-Rises on Q2 profit beat; expects accelerated sales growth in H2 PulteGroup Inc PHM.N: up 10.1% BUZZ-Set to scale 4-month highs as profit jumps 45% Microsoft Corp MSFT.O: down 2.2% BUZZ-Street View: Azure woes cloud Microsoft's Q4; better positioned than rivals Kinder Morgan Inc KMI.N: down 3.9% BUZZ-Street View: Kinder Morgan Q2 lacks clarity in uncertain macro environment Aurinia Pharmaceuticals AUPH.O: down 10.3% BUZZ-slips after pricing $200 mln stock offering HCA Healthcare Inc HCA.N: up 3.1% BUZZ-Street View: HCA Healthcare sets tough precedent for industry peers to repeat Ascena Retail Group Inc ASNA.O: down 22.8% BUZZ-Shares sink on Chapter 11 bankruptcy filing Twitter Inc TWTR.N: up 7.0% BUZZ-Jumps as pandemic, U.S. civil unrest drive usage surge Quest Diagnostics DGX.N: down 0.4% BUZZ-Falls after slight revenue miss Brainstorm Cell Therapeutics Inc BCLI.O: up 8.3% BUZZ-Up after potential COVID-19 drug shows promise in preclinical study Tractor Supply Co TSCO.O: up 1.2% BUZZ-Eyes fresh record high after results, forecast beat AutoNation Inc AN.N: up 8.7% BUZZ-Rises on upbeat quarterly results Kimberly-Clark KMB.N: up 2.3% BUZZ-Rises as strong tissue sales prompt upbeat forecast Southwest Airlines Co LUV.N: down 1.2% BUZZ-Southwest shares dip as July demand stalls on surging COVID-19 cases CymaBay Therapeutics Inc CBAY.O: up 33.3% BUZZ-Jumps after FDA lifts clinical hold on liver disease drug Kaleido Biosciences KLDO.O: up 0.8% BUZZ-Up on launching second study of potential COVID-19 drug Helix Energy Solutions HLX.N: up 24.9% BUZZ-Jumps after topping Q2 profit estimates BioNtech SE BNTX.O: down 8.5% BUZZ-Slips after pricing upsized offering Milestone Pharmaceuticals Inc MIST.O: up 118.0% BUZZ-Surges on regulatory pathway for heart drug Dynavax Technologies Corp DVAX.O: up 4.3% BUZZ-Rises on tie-up for COVID-19 vaccine development AMAG Pharmaceuticals AMAG.O: up 15.6% BUZZ-Rises on tie-up with Norgine for blood clotting drug American Airlines Group Inc AAL.O: up 2.7% BUZZ-Falls on bigger-than-expected Q2 loss Danaher Corp DHR.N: up 3.1% BUZZ-Danaher shares hit record after quarterly report, outlook Limelight Networks Inc LLNW.O: down 7.5% BUZZ-Falls on convertible debt deal InspireMD Inc NSPR.N: up 6.5% BUZZ-Up on clearance for carotid stent in Brazil VistaGen Therapeutics Inc VTGN.O: up 8.0% BUZZ-Rises on FDA recommendation for anxiety treatment trial Las Vegas Sands Corp LVS.N: down 4.7% BUZZ-Posts Q2 loss, but analysts positive about cash position Travelers Companies Inc TRV.N: down 3.1% BUZZ-Drops as co swings to Q2 loss 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 fell on Thursday following the S&P 500's four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. ET, the Dow Jones Industrial Average .DJI was down 0.31% at 26,923.31.
5485.0	2020-07-23 00:00:00 UTC	Southwest and American slow quarterly cash burn but warn demand has stalled	AAL	https://www.nasdaq.com/articles/southwest-and-american-slow-quarterly-cash-burn-but-warn-demand-has-stalled-2020-07-23	nan	nan	By Tracy Rucinski and Sanjana Shivdas July 23 (Reuters) - Southwest Airlines LUV.N and American Airlines AAL.O each slowed their cash burn over the second quarter but warned that demand had stalled as COVID-19 cases spike, prompting Southwest to rethink the number of flights it had planned to add in August and September. Optimism about a summer rebound in travel has waned as U.S. states scale back reopening plans to tackle surging cases. With demand not forecast to fully recover before a vaccine, airlines are boosting liquidity and conserving cash while they try to match their flight schedules to bookings. Southwest, which analysts have forecast to weather the coronavirus pandemic better than larger U.S. carriers thanks to its domestic focus and lower-cost structure, said its average core cash burn had nearly halved to $16 million a day from $30 million in April as revenue improved. But it estimated the burn rate to be $18 million in July, rising to an average of $23 million per day in the third quarter. Delta Air Lines DAL.N and United Airlines UAL.O, which have been less aggressive in adding flights, are forecasting a downward trend in their daily cash burn rates over the rest of the year but said halting the burn rate entirely will depend on demand. American said its second-quarter cash burn rate was about $55 million per day, lower than its forecast of $70 million per day. Southwest had $15.5 billion at the end of June and American $10.2 billion. Both airlines have warned of furloughs in the fall, though Southwest said 16,900 employees had volunteered for extended leaves or early retirements, which it expects to result in more than $400 million in lower costs in the fourth quarter. Excluding items, Southwest posted $1.5 billion net loss, or $2.67 per share, as total operating revenue fell 82.9% to $1.01 billion. At American, the net loss excluding items was $3.4 billion, or $7.82 per share, while operating revenue plunged 86.4% to $1.62 billion. Alaska Air Group ALK.N, which reported a second quarter net loss of $214 million on Thursday, said it expected its capacity to be down about 35% in the fourth quarter, forcing it to cut about 7,000 of its 23,000 employees. (Reporting by Tracy Rucinski in Chicago and Sanjana Shivdas in Bengaluru; Editing by Devika Syamnath, Elaine Hardcastle and Nick Zieminski) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	By Tracy Rucinski and Sanjana Shivdas July 23 (Reuters) - Southwest Airlines LUV.N and American Airlines AAL.O each slowed their cash burn over the second quarter but warned that demand had stalled as COVID-19 cases spike, prompting Southwest to rethink the number of flights it had planned to add in August and September. Optimism about a summer rebound in travel has waned as U.S. states scale back reopening plans to tackle surging cases. With demand not forecast to fully recover before a vaccine, airlines are boosting liquidity and conserving cash while they try to match their flight schedules to bookings.	By Tracy Rucinski and Sanjana Shivdas July 23 (Reuters) - Southwest Airlines LUV.N and American Airlines AAL.O each slowed their cash burn over the second quarter but warned that demand had stalled as COVID-19 cases spike, prompting Southwest to rethink the number of flights it had planned to add in August and September. Excluding items, Southwest posted $1.5 billion net loss, or $2.67 per share, as total operating revenue fell 82.9% to $1.01 billion. At American, the net loss excluding items was $3.4 billion, or $7.82 per share, while operating revenue plunged 86.4% to $1.62 billion.	By Tracy Rucinski and Sanjana Shivdas July 23 (Reuters) - Southwest Airlines LUV.N and American Airlines AAL.O each slowed their cash burn over the second quarter but warned that demand had stalled as COVID-19 cases spike, prompting Southwest to rethink the number of flights it had planned to add in August and September. Southwest, which analysts have forecast to weather the coronavirus pandemic better than larger U.S. carriers thanks to its domestic focus and lower-cost structure, said its average core cash burn had nearly halved to $16 million a day from $30 million in April as revenue improved. American said its second-quarter cash burn rate was about $55 million per day, lower than its forecast of $70 million per day.	By Tracy Rucinski and Sanjana Shivdas July 23 (Reuters) - Southwest Airlines LUV.N and American Airlines AAL.O each slowed their cash burn over the second quarter but warned that demand had stalled as COVID-19 cases spike, prompting Southwest to rethink the number of flights it had planned to add in August and September. But it estimated the burn rate to be $18 million in July, rising to an average of $23 million per day in the third quarter. American said its second-quarter cash burn rate was about $55 million per day, lower than its forecast of $70 million per day.
5486.0	2020-07-23 00:00:00 UTC	S&P 500 set to snap winning streak as labor market rebound slows	AAL	https://www.nasdaq.com/articles/sp-500-set-to-snap-winning-streak-as-labor-market-rebound-slows-2020-07-23	nan	nan	By Medha Singh and Devik Jain July 23 (Reuters) - The S&P 500 struggled for direction on Thursday, following four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months against the backdrop of a resurgence in coronavirus cases, the Labor Department's data showed. "The monetary taps are on and are likely to remain so while unemployment is so high, and this should continue to support markets," said Geir Lode, head of global equities, International at Federated Hermes in London. U.S. Treasury Secretary Steve Mnuchin said the White House was interested in getting a trillion-dollar coronavirus relief bill out quickly and was working with Senate Republicans to hammer out language on extending enhanced unemployment benefits. Optimism about a potential vaccine, fiscal stimulus and improving economic data has helped the benchmark S&P 500 recoup most of its virus-induced losses and rise 1.4% this year. The blue-chip Dow is still down about 5% year-to-date, while the tech-heavy Nasdaq .IXIC has climbed about 19%. Of the 75 S&P 500 companies that have reported quarterly results, 77.3% of them have beaten dramatically lowered profit estimates, according to IBES Refinitiv data. Microsoft Corp MSFT.O fell 1.2%, weighing the most on the S&P 500 and Nasdaq, as its flagship cloud computing business Azure reported quarterly sales growth of under 50% for the first time ever. Tesla Inc TSLA.O rose 1.5% after posting a fourth consecutive quarterly profit, clearing a hurdle that could lead to the electric carmaker's inclusion in the S&P 500 index .SPX. Twitter Inc TWTR.N jumped 5.7% as it reported a record yearly growth in daily users even as its ad sales sank. "Many continue to believe there will be a V-shaped recovery, although it remains too early to say whether the earnings season will add weight to that view or not," Lode added. At 10:03 a.m. ET, the Dow Jones Industrial Average .DJI was down 51.44 points, or 0.19%, at 26,954.40, the S&P 500 .SPX was up 1.32 points, or 0.04%, at 3,277.34. The Nasdaq Composite .IXIC was up 6.20 points, or 0.06%, at 10,712.33. Travelers Cos Inc's TRV.N 2.9% decline weighed the most on the Dow after the property and casualty insurer reported a second-quarter loss. Home builder PulteGroup Inc PHM.N jumped 11.5% after posting a higher quarterly profit. Shares of American Airlines AAL.O and Southwest Airlines LUV.N slipped after the carriers said they were rethinking the number of flights they had planned to add to their schedules for August and September, as COVID-19 cases spike in some parts of the United States. The broader S&P 1500 airlines index .SPCOMAIR fell 1.3%. Advancing issues outnumbered decliners for a 1.22-to-1 ratio on the NYSE and a 1.54-to-1 ratio on the Nasdaq. The S&P index recorded 41 new 52-week highs and no new low, while the Nasdaq recorded 57 new highs and four new lows. (Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Shounak Dasgupta) ((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130; 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.	Shares of American Airlines AAL.O and Southwest Airlines LUV.N slipped after the carriers said they were rethinking the number of flights they had planned to add to their schedules for August and September, as COVID-19 cases spike in some parts of the United States. By Medha Singh and Devik Jain July 23 (Reuters) - The S&P 500 struggled for direction on Thursday, following four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. "The monetary taps are on and are likely to remain so while unemployment is so high, and this should continue to support markets," said Geir Lode, head of global equities, International at Federated Hermes in London.	Shares of American Airlines AAL.O and Southwest Airlines LUV.N slipped after the carriers said they were rethinking the number of flights they had planned to add to their schedules for August and September, as COVID-19 cases spike in some parts of the United States. The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months against the backdrop of a resurgence in coronavirus cases, the Labor Department's data showed. Microsoft Corp MSFT.O fell 1.2%, weighing the most on the S&P 500 and Nasdaq, as its flagship cloud computing business Azure reported quarterly sales growth of under 50% for the first time ever.	Shares of American Airlines AAL.O and Southwest Airlines LUV.N slipped after the carriers said they were rethinking the number of flights they had planned to add to their schedules for August and September, as COVID-19 cases spike in some parts of the United States. Microsoft Corp MSFT.O fell 1.2%, weighing the most on the S&P 500 and Nasdaq, as its flagship cloud computing business Azure reported quarterly sales growth of under 50% for the first time ever. The S&P index recorded 41 new 52-week highs and no new low, while the Nasdaq recorded 57 new highs and four new lows.	Shares of American Airlines AAL.O and Southwest Airlines LUV.N slipped after the carriers said they were rethinking the number of flights they had planned to add to their schedules for August and September, as COVID-19 cases spike in some parts of the United States. The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months against the backdrop of a resurgence in coronavirus cases, the Labor Department's data showed. "The monetary taps are on and are likely to remain so while unemployment is so high, and this should continue to support markets," said Geir Lode, head of global equities, International at Federated Hermes in London.
5487.0	2020-07-23 00:00:00 UTC	Stimulus bets set to lift Wall Street as labor market rebound slows	AAL	https://www.nasdaq.com/articles/stimulus-bets-set-to-lift-wall-street-as-labor-market-rebound-slows-2020-07-23	nan	nan	By Medha Singh and Devik Jain July 23 (Reuters) - Wall Street's main indexes were set to open slightly higher on Thursday, as investors held out for a new coronavirus relief package with data signaling that a recovery in the labor market was stalling. The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months, a report from the Labor Department showed. "The monetary taps are on and are likely remain so while unemployment is so high and this should continue to support markets," said Geir Lode, head of global equities, International at Federated Hermes in London. Leading U.S. Senate Republicans and the White House late on Wednesday said they had hammered out agreements in principle on portions of a potential coronavirus-response bill, as lawmakers raced to pass legislation by the end of July. Optimism about a potential vaccine, fiscal stimulus and improving economic data has helped the benchmark S&P 500 recoup most of its virus-induced losses and rise 1.4% this year. The blue-chip Dow is still down about 5% year-to-date, while the tech-heavy Nasdaq .IXIC has climbed about 19%. Of the 75 S&P 500 companies that have reported quarterly results, 77.3% of them have beaten dramatically lowered profit estimates, according to IBES Refinitiv data. Tesla Inc TSLA.O rose 4.2% premarket after posting a fourth consecutive quarterly profit, clearing a hurdle that could lead to the electric carmaker's inclusion in the S&P 500 index .SPX. Twitter Inc TWTR.N jumped 6% as it reported a bigger-than-expected yearly growth of daily users even as ad sales sank. Microsoft Corp MSFT.O fell 1.6% as its flagship cloud computing business Azure reported quarterly sales growth of under 50% for the first time ever. "Many continue to believe there will be a V-shaped recovery, although it remains too early to say whether the earnings season will add weight to that view or not," Lode added. California on Wednesday overtook New York as the worst-hit state for cases as U.S. deaths from the novel coronavirus rose by more than 1,100 for a second day in a row. At 8:44 a.m. ET, Dow e-minis 1YMcv1 were up 20 points, or 0.07%, S&P 500 e-minis EScv1 were up 4.25 points, or 0.13% and Nasdaq 100 e-minis NQcv1 were up 62.75 points, or 0.58%. Home builder PulteGroup Inc PHM.N jumped about 5% after posting a higher quarterly profit. Southwest Airlines Co LUV.N dipped 0.7% as the carrier said it was rethinking the number of flights it had planned to add in August and September amid a high cash burn. In contrast, American Airlines Group Inc AAL.O and Alaska Air Group Inc ALK.N gained about 0.5% after posting their results. (Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Shounak Dasgupta) ((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130; 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.	In contrast, American Airlines Group Inc AAL.O and Alaska Air Group Inc ALK.N gained about 0.5% after posting their results. By Medha Singh and Devik Jain July 23 (Reuters) - Wall Street's main indexes were set to open slightly higher on Thursday, as investors held out for a new coronavirus relief package with data signaling that a recovery in the labor market was stalling. "The monetary taps are on and are likely remain so while unemployment is so high and this should continue to support markets," said Geir Lode, head of global equities, International at Federated Hermes in London.	In contrast, American Airlines Group Inc AAL.O and Alaska Air Group Inc ALK.N gained about 0.5% after posting their results. By Medha Singh and Devik Jain July 23 (Reuters) - Wall Street's main indexes were set to open slightly higher on Thursday, as investors held out for a new coronavirus relief package with data signaling that a recovery in the labor market was stalling. Microsoft Corp MSFT.O fell 1.6% as its flagship cloud computing business Azure reported quarterly sales growth of under 50% for the first time ever.	In contrast, American Airlines Group Inc AAL.O and Alaska Air Group Inc ALK.N gained about 0.5% after posting their results. By Medha Singh and Devik Jain July 23 (Reuters) - Wall Street's main indexes were set to open slightly higher on Thursday, as investors held out for a new coronavirus relief package with data signaling that a recovery in the labor market was stalling. ET, Dow e-minis 1YMcv1 were up 20 points, or 0.07%, S&P 500 e-minis EScv1 were up 4.25 points, or 0.13% and Nasdaq 100 e-minis NQcv1 were up 62.75 points, or 0.58%.	In contrast, American Airlines Group Inc AAL.O and Alaska Air Group Inc ALK.N gained about 0.5% after posting their results. By Medha Singh and Devik Jain July 23 (Reuters) - Wall Street's main indexes were set to open slightly higher on Thursday, as investors held out for a new coronavirus relief package with data signaling that a recovery in the labor market was stalling. The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months, a report from the Labor Department showed.
5488.0	2020-07-23 00:00:00 UTC	American Airlines Slips To Loss In Q2; Sees Q3 System Capacity Down About 60%	AAL	https://www.nasdaq.com/articles/american-airlines-slips-to-loss-in-q2-sees-q3-system-capacity-down-about-60-2020-07-23	nan	nan	(RTTNews) - American Airlines Group Inc. (AAL) on Thursday reported second-quarter net loss of $2.07 billion or $4.82 per share, compared to net income of $662 million or $1.49 per share in the year-ago period. Excluding net special items, adjusted net loss was $7.82 per share, compared to adjusted earnings of $1.82 per share in the prior-year quarter. On average, analysts polled by Thomson Reuters expected the company to report loss of $7.56 per share. Analysts' estimates typically exclude special items. Total operating revenues for the quarter fell 86.4 percent to $1.62 billion from $11.96 billion in the previous year. Wall Street analysts had a consensus revenue estimate of $1.44 billion for the quarter. American Airlines said it ended the second quarter with about $10.2 billion of available liquidity. Additionally, the company signed a term sheet with the U.S. Department of the Treasury for a $4.75 billion secured loan, which is expected to close in the third quarter, and announced two senior secured note transactions totaling $1.2 billion. "We have moved swiftly to improve our liquidity, conserve cash and ensure customers are safe when they travel. There is much uncertainty ahead, but we remain confident we will emerge from this crisis more agile and more efficient than ever before," said American Airlines Chairman and CEO Doug Parker. American Airlines noted that while May and June revenue trends were encouraging, demand has weakened somewhat during July as COVID-19 cases have increased and new travel restrictions have been put into place. The company said it will continue to match its forward capacity with observed bookings trends and presently expects its third-quarter system capacity to be down approximately 60 percent year over year. The airline also estimates that it will reduce its 2020 total operating and capital expenditures by more than $15 billion, achieved primarily through cost savings resulting from less flying. 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) on Thursday reported second-quarter net loss of $2.07 billion or $4.82 per share, compared to net income of $662 million or $1.49 per share in the year-ago period. There is much uncertainty ahead, but we remain confident we will emerge from this crisis more agile and more efficient than ever before," said American Airlines Chairman and CEO Doug Parker. American Airlines noted that while May and June revenue trends were encouraging, demand has weakened somewhat during July as COVID-19 cases have increased and new travel restrictions have been put into place.	(RTTNews) - American Airlines Group Inc. (AAL) on Thursday reported second-quarter net loss of $2.07 billion or $4.82 per share, compared to net income of $662 million or $1.49 per share in the year-ago period. Excluding net special items, adjusted net loss was $7.82 per share, compared to adjusted earnings of $1.82 per share in the prior-year quarter. Analysts' estimates typically exclude special items.	(RTTNews) - American Airlines Group Inc. (AAL) on Thursday reported second-quarter net loss of $2.07 billion or $4.82 per share, compared to net income of $662 million or $1.49 per share in the year-ago period. Excluding net special items, adjusted net loss was $7.82 per share, compared to adjusted earnings of $1.82 per share in the prior-year quarter. Additionally, the company signed a term sheet with the U.S. Department of the Treasury for a $4.75 billion secured loan, which is expected to close in the third quarter, and announced two senior secured note transactions totaling $1.2 billion.	(RTTNews) - American Airlines Group Inc. (AAL) on Thursday reported second-quarter net loss of $2.07 billion or $4.82 per share, compared to net income of $662 million or $1.49 per share in the year-ago period. Excluding net special items, adjusted net loss was $7.82 per share, compared to adjusted earnings of $1.82 per share in the prior-year quarter. Total operating revenues for the quarter fell 86.4 percent to $1.62 billion from $11.96 billion in the previous year.
5489.0	2020-07-23 00:00:00 UTC	American Airlines Group Inc Q2 adjusted earnings Miss Estimates	AAL	https://www.nasdaq.com/articles/american-airlines-group-inc-q2-adjusted-earnings-miss-estimates-2020-07-23	nan	nan	(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL): -Earnings: -$2.07 billion in Q2 vs. $0.66 billion in the same period last year. -EPS: -$4.82 in Q2 vs. $1.49 in the same period last year. -Excluding items, American Airlines Group Inc reported adjusted earnings of -$3.35 billion or -$7.82 per share for the period. -Analysts projected -$7.70 per share -Revenue: $1.62 billion in Q2 vs. $11.96 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: -$2.07 billion in Q2 vs. $0.66 billion in the same period last year. -Excluding items, American Airlines Group Inc reported adjusted earnings of -$3.35 billion or -$7.82 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: -$2.07 billion in Q2 vs. $0.66 billion in the same period last year. -Excluding items, American Airlines Group Inc reported adjusted earnings of -$3.35 billion or -$7.82 per share for the period. -Analysts projected -$7.70 per share -Revenue: $1.62 billion in Q2 vs. $11.96 billion in the same period last year.	(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL): -Earnings: -$2.07 billion in Q2 vs. $0.66 billion in the same period last year. -Analysts projected -$7.70 per share -Revenue: $1.62 billion in Q2 vs. $11.96 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: -$2.07 billion in Q2 vs. $0.66 billion in the same period last year. -Analysts projected -$7.70 per share -Revenue: $1.62 billion in Q2 vs. $11.96 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.
5490.0	2020-07-23 00:00:00 UTC	American Airlines Group Q2 20 Earnings Conference Call At 8:30 AM ET	AAL	https://www.nasdaq.com/articles/american-airlines-group-q2-20-earnings-conference-call-at-8%3A30-am-et-2020-07-23	nan	nan	(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 AM ET on July 23, 2020, to discuss Q2 20 earnings results. To access the live webcast, log on to https://americanairlines.gcs-web.com/?anchorLocation=DirectURL&title=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 July 23, 2020, to discuss Q2 20 earnings results. To access the live webcast, log on to https://americanairlines.gcs-web.com/?anchorLocation=DirectURL&title=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 July 23, 2020, to discuss Q2 20 earnings results. To access the live webcast, log on to https://americanairlines.gcs-web.com/?anchorLocation=DirectURL&title=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 July 23, 2020, to discuss Q2 20 earnings results. To access the live webcast, log on to https://americanairlines.gcs-web.com/?anchorLocation=DirectURL&title=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 July 23, 2020, to discuss Q2 20 earnings results. To access the live webcast, log on to https://americanairlines.gcs-web.com/?anchorLocation=DirectURL&title=investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
5491.0	2020-07-23 00:00:00 UTC	US STOCKS-Stimulus bets buoy futures ahead of jobless claims	AAL	https://www.nasdaq.com/articles/us-stocks-stimulus-bets-buoy-futures-ahead-of-jobless-claims-2020-07-23	nan	nan	By Medha Singh and Devik Jain July 23 (Reuters) - S&P 500 and Dow futures hovered near five-month highs on Thursday, as signs that a new coronavirus relief package was at hand lifted sentiment ahead of weekly unemployment data. Leading U.S. Senate Republicans and the White House late on Wednesday said they had hammered out agreements in principle on portions of a potential coronavirus-response bill, as lawmakers raced to pass legislation by the end of July. Optimism about a potential vaccine, fiscal stimulus and improving economic data has helped the benchmark S&P 500 recoup most of its virus-induced losses and rise 1.4% this year. The blue-chip Dow is still down about 5% year-to-date, while the tech-heavy Nasdaq .IXIC has climbed about 19%. Of the 75 S&P 500 companies that have reported quarterly results, 77.3% of them have beaten profit estimates. Tesla Inc TSLA.O rose 5.3% premarket after posting a fourth consecutive quarterly profit, clearing a hurdle that could lead to the electric carmaker's inclusion in the S&P 500 index .SPX. Microsoft Corp MSFT.O slipped 1.6% as its flagship cloud computing business Azure reported quarterly sales growth of under 50% for the first time ever. The Labor Department's most timely data on the economy is likely to show about 1.30 million filed for jobless claims last week, unchanged from the prior week as a resurgence in new COVID-19 cases chipped at the budding recovery. California on Wednesday overtook New York as the worst-hit state for cases as U.S. deaths from the coronavirus rose by more than 1,100 for a second day in a row. At 6:23 a.m. ET, Dow e-minis 1YMcv1 were up 128 points, or 0.48%. S&P 500 e-minis EScv1 were up 15 points, or 0.46%, and Nasdaq 100 e-minis NQcv1 were up 99.25 points, or 0.92%. Home builder PulteGroup Inc PHM.N jumped about 5% after posting higher quarterly profit, as record low mortgage rates encouraged Americans to buy homes. Southwest Airlines Co LUV.N posted a $915 million quarterly loss and warned travel demand would remain depressed until a vaccine or treatment for COVID-19 becomes available. Still, its shares rose 0.9%. American Airlines Group Inc AAL.O, Alaska Air Group Inc ALK.N, microblogging website Twitter Inc TWTR.N and wireless carrier AT&T Inc T.N are also due to report results on Thursday. (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 6749 1130; 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.	American Airlines Group Inc AAL.O, Alaska Air Group Inc ALK.N, microblogging website Twitter Inc TWTR.N and wireless carrier AT&T Inc T.N are also due to report results on Thursday. By Medha Singh and Devik Jain July 23 (Reuters) - S&P 500 and Dow futures hovered near five-month highs on Thursday, as signs that a new coronavirus relief package was at hand lifted sentiment ahead of weekly unemployment data. Leading U.S. Senate Republicans and the White House late on Wednesday said they had hammered out agreements in principle on portions of a potential coronavirus-response bill, as lawmakers raced to pass legislation by the end of July.	American Airlines Group Inc AAL.O, Alaska Air Group Inc ALK.N, microblogging website Twitter Inc TWTR.N and wireless carrier AT&T Inc T.N are also due to report results on Thursday. Of the 75 S&P 500 companies that have reported quarterly results, 77.3% of them have beaten profit estimates. S&P 500 e-minis EScv1 were up 15 points, or 0.46%, and Nasdaq 100 e-minis NQcv1 were up 99.25 points, or 0.92%.	American Airlines Group Inc AAL.O, Alaska Air Group Inc ALK.N, microblogging website Twitter Inc TWTR.N and wireless carrier AT&T Inc T.N are also due to report results on Thursday. By Medha Singh and Devik Jain July 23 (Reuters) - S&P 500 and Dow futures hovered near five-month highs on Thursday, as signs that a new coronavirus relief package was at hand lifted sentiment ahead of weekly unemployment data. Tesla Inc TSLA.O rose 5.3% premarket after posting a fourth consecutive quarterly profit, clearing a hurdle that could lead to the electric carmaker's inclusion in the S&P 500 index .SPX.	American Airlines Group Inc AAL.O, Alaska Air Group Inc ALK.N, microblogging website Twitter Inc TWTR.N and wireless carrier AT&T Inc T.N are also due to report results on Thursday. By Medha Singh and Devik Jain July 23 (Reuters) - S&P 500 and Dow futures hovered near five-month highs on Thursday, as signs that a new coronavirus relief package was at hand lifted sentiment ahead of weekly unemployment data. ET, Dow e-minis 1YMcv1 were up 128 points, or 0.48%.
5492.0	2020-07-23 00:00:00 UTC	Stock Markets Stay Choppy as American, Southwest Fall on Airline Earnings	AAL	https://www.nasdaq.com/articles/stock-markets-stay-choppy-as-american-southwest-fall-on-airline-earnings-2020-07-23	nan	nan	Wall Street has been steadily gaining ground in recent months, but the moves haven't been straight up. Investors got a chance to see an example of that Thursday morning. Major indexes opened near the unchanged level and saw periods of gains and losses before settling in for minimal declines. Just before 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 95 points to 26,911. The S&P 500 (SNPINDEX: ^GSPC) fell 1 point to 3,275, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 11 points to 10,695. Airlines have been among the industries that have suffered the most during the COVID-19 pandemic. Unfortunately, there's no real end in sight to the pain that airline stocks are seeing, and that showed up in the second-quarter earnings reports that Southwest Airlines (NYSE: LUV) and American Airlines Holdings (NASDAQ: AAL) released Thursday morning. Southwest tries to rise above the turbulence Southwest's stock took the bigger hit on Thursday morning, falling 3%. The airline's operational numbers showed the full extent of the challenge from the coronavirus crisis, and although Southwest has the capacity to endure a lot more pain, it nevertheless anticipates needing to do so well into the future. Image source: Getty Images. Southwest lost $915 million in the second quarter, and things would've been worse without federal government support and other extraordinary items. Adjusted net losses of $1.5 billion were largely the result of a severe 83% decline in operating revenue, which reflected the huge drop in demand among travelers as the COVID-19 pandemic worsened. Even worse, Southwest isn't confident about the future. Trends improved in May and June, but July has started out weak as a new wave of cases has hit several key travel states. CEO Gary Kelly said that he expects travel demand won't recover until a vaccine or other treatment is available. With $14.5 billion in cash and short-term investments as of June 30, Southwest has the liquidity to endure a protracted drop in flying activity. Yet the company is burning cash at a rapid rate, and if a second wave of COVID-19 in the U.S. worsens, Southwest could have to take more steps to cut costs and manage its finances effectively. A bumpy road for American American Airlines stock was down just 1% after its report. Investors shouldn't assume, though, that American's prospects were any rosier than Southwest's. American lost $2.1 billion in the second quarter, and without special items, the losses would've been $3.4 billion. Operating revenue plunged 86% on a 90% drop in passenger revenue, as cargo and other operations failed to take up much of the slack in capacity. Load factor for the airline came in at 42.3%, down by more than half from year-ago levels. In particular, American's international segments saw demand drop the most, with Pacific revenue passenger miles falling almost 99% year over year. Like Southwest, American has taken steps to boost its liquidity. But to do so, American has had to offer considerable amounts of stock and bonds and also take federal assistance from the Treasury Department. In addition, dramatic cost-cutting measures include the retirement of four different types of aircraft, slashing its schedules, and introducing voluntary leave and retirement packages. Airline stocks still face a lot of uncertainty, and neither American nor Southwest can predict how long things will remain bad for the industry. For now, investors simply hope that major carriers will be able to keep operating and that a solution to the coronavirus crisis will come soon. 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 June 2, 2020 Dan Caplinger 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.	Unfortunately, there's no real end in sight to the pain that airline stocks are seeing, and that showed up in the second-quarter earnings reports that Southwest Airlines (NYSE: LUV) and American Airlines Holdings (NASDAQ: AAL) released Thursday morning. The airline's operational numbers showed the full extent of the challenge from the coronavirus crisis, and although Southwest has the capacity to endure a lot more pain, it nevertheless anticipates needing to do so well into the future. Adjusted net losses of $1.5 billion were largely the result of a severe 83% decline in operating revenue, which reflected the huge drop in demand among travelers as the COVID-19 pandemic worsened.	Unfortunately, there's no real end in sight to the pain that airline stocks are seeing, and that showed up in the second-quarter earnings reports that Southwest Airlines (NYSE: LUV) and American Airlines Holdings (NASDAQ: AAL) released Thursday morning. Adjusted net losses of $1.5 billion were largely the result of a severe 83% decline in operating revenue, which reflected the huge drop in demand among travelers as the COVID-19 pandemic worsened. A bumpy road for American American Airlines stock was down just 1% after its report.	Unfortunately, there's no real end in sight to the pain that airline stocks are seeing, and that showed up in the second-quarter earnings reports that Southwest Airlines (NYSE: LUV) and American Airlines Holdings (NASDAQ: AAL) released Thursday morning. 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!	Unfortunately, there's no real end in sight to the pain that airline stocks are seeing, and that showed up in the second-quarter earnings reports that Southwest Airlines (NYSE: LUV) and American Airlines Holdings (NASDAQ: AAL) released Thursday morning. Investors got a chance to see an example of that Thursday morning. Adjusted net losses of $1.5 billion were largely the result of a severe 83% decline in operating revenue, which reflected the huge drop in demand among travelers as the COVID-19 pandemic worsened.
5493.0	2020-07-22 00:00:00 UTC	Don’t Let the Turbulence in JetBlue Stock Keep You From Buying a Winner	AAL	https://www.nasdaq.com/articles/dont-let-the-turbulence-in-jetblue-stock-keep-you-from-buying-a-winner-2020-07-22	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airline stocks have recovered a lot of lost ground since the start of the novel coronavirus pandemic. With every passing week, the number of domestic passengers is growing, and the markets are rewarding airlines accordingly. However, many people are wondering whether this bull run can last, considering the slow pace of our recovery. JetBlue (NASDAQ:JBLU) is bearing the brunt of this pessimistic outlook. JBLU stock is still down almost 45% over the last six months. JBLU) aircraft interior" width="300" height="169"> Source: Shutterstock However, I reiterate that JBLU stock is not a bad one for your portfolio. The carrier is consistently ranked as one of the best in customer service and came into this crisis with the second-best balance sheet in its peer group. The company and American Airlines (NASDAQ:AAL) have recently announced a partnership that will help during the recovery period. Don’t get me wrong I know that the company is also risky, considering that it will take time for demand to return, and airlines will have to change how they operate — leading to higher costs. But on balance, there isn’t enough to suggest that JetBlue is in hot water. Higher Costs Are the “New Normal” To protect passengers, JetBlue has launched an initiative to make sure social distancing is maintained on its flights. Steps include temperature checks, mandatory face masks for the cabin crew and passengers, and blocking specific seats within the aircraft. 7 Micro-Cap Stocks You May Want to Take a Chance On These initiatives are not unique to JetBlue — all major airlines are taking steps to ensure passenger safety during this time. In many ways, it was a given that this needed to happen because cruise lines and airplanes have people in close quarters for a very long time, and that’s why there was no workaround concerning these costs. However, these costs will also lead to depressed bottom lines for the foreseeable future. Strong Balance Sheet Sets JBLU Stock Apart JetBlue stock lost a lot of value from mid-March onwards due to panic-induced selling. I believe that was a bit strange, considering the carrier went into the crisis with one of the best balance sheets in its peer group. Although the company has raised a lot of cash during the pandemic, there’s no reason to believe it will become unmanageable. At the end of May, the company had cash of $3.1 billion in its kitty. That should provide it with ample liquidity through this crisis. Meanwhile, cash burn is coming down. At the height of the pandemic, JetBlue was burning through $18 million, but that figure is now down to $10 million in May. Management hopes to bring down the number further to between $7 million and $9 million per day by Q3. JetBlue is also in a unique position since it is mostly a domestic carrier. International travel is still limping, but with states reopening in the U.S., domestic carriers have an advantage over the competition. The airline is also making sure it travels on routes that have respectable traffic. Partnership With American Airlines JetBlue recently announced a strategic partnership with American Airlines to speed up the recovery for both carriers. The agreement covers codeshare and loyalty benefits that will enhance the offerings of each airline in New York and Boston. JetBlue customers will be introduced to more than 60 new routes operated by American, while American’s customers will get access to over 130 new JetBlue routes. The partnership is a bright spot for both carriers and their customers. Risks The biggest issue that investors will have with JetBlue is the timing of the recovery. Before the novel coronavirus, management issued EPS guidance of $2.50 to $3.00. That was extraordinarily ambitious, but EPS rose 218.33% year over year in 2019, so you can understand where the optimism was stemming from. Nevertheless, these estimates are now obsolete, and 2020 is shaping up to be a very tough year for the company. The big question on everyone’s mind is when will demand return to a healthy level. Analysts estimates don’t foresee that happening anytime soon, but I believe the forecasts are bearish. We will have a better understanding of where demand stands next year, potentially after a Covid-19 vaccine is widely available. How to Play JBLU Stock Every industry expert will tell you that airlines are having a tough time and that it will take years for demand to recover. However, considering the nature of the crisis, this is not surprising. But the carriers who are using this time to shore up their liquidity and reduce costs stand to benefit significantly once things normalize. Data from the Transportation Security Administration shows that demand is increasing with every passing week. July 19 saw passenger throughput at 747,422, a healthy climb over the month-ago figure of 587,908 passengers. The figure is still substantially less than the 2,727,355 the agency recorded a year ago on the same date. But we are making progress. It will be a couple of tough years, but JetBlue can weather this crisis. The summer should bring some much-needed revenue from vacationers, and there will be greater flexibility to cut costs once the CARES Act restrictions expire in September. For all these reasons, I would say that JBLU stock still offers a lot of upside, so long as you are in for the long haul. Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. He has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. He does not directly own the securities mentioned above. The post Don’t Let the Turbulence in JetBlue Stock Keep You From Buying a Winner 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.	The company and American Airlines (NASDAQ:AAL) have recently announced a partnership that will help during the recovery period. Don’t get me wrong I know that the company is also risky, considering that it will take time for demand to return, and airlines will have to change how they operate — leading to higher costs. Steps include temperature checks, mandatory face masks for the cabin crew and passengers, and blocking specific seats within the aircraft.	The company and American Airlines (NASDAQ:AAL) have recently announced a partnership that will help during the recovery period. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airline stocks have recovered a lot of lost ground since the start of the novel coronavirus pandemic. Strong Balance Sheet Sets JBLU Stock Apart JetBlue stock lost a lot of value from mid-March onwards due to panic-induced selling.	The company and American Airlines (NASDAQ:AAL) have recently announced a partnership that will help during the recovery period. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airline stocks have recovered a lot of lost ground since the start of the novel coronavirus pandemic. Partnership With American Airlines JetBlue recently announced a strategic partnership with American Airlines to speed up the recovery for both carriers.	The company and American Airlines (NASDAQ:AAL) have recently announced a partnership that will help during the recovery period. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airline stocks have recovered a lot of lost ground since the start of the novel coronavirus pandemic. I believe that was a bit strange, considering the carrier went into the crisis with one of the best balance sheets in its peer group.
5494.0	2020-07-22 00:00:00 UTC	American Airlines/JetBlue Partnership Is a Win-Win, Says Top Analyst	AAL	https://www.nasdaq.com/articles/american-airlines-jetblue-partnership-is-a-win-win-says-top-analyst-2020-07-22	nan	nan	The coronavirus has hit the airline industry particularly hard. As long as COVID-19 rages, it is unlikely that there will be a meaningful resumption of normal services. In the meantime, airlines have taken drastic measures such as refinancing, taking on piles of extra debt, severe cost-cutting initiatives and furloughing employees, in order to remain afloat. But apart from extreme courses of action, the industry will need to be creative to keep the wolf from the door. A new partnership between American Airlines (AAL) and JetBlue (JBLU) could be the first of many collaborations over the coming months. Although, new might not be the right word here. It’s more a rekindling of an old flame. A decade ago, the two forged a partnership that petered out after four years, so it remains to be seen whether the outcome will be more positive this time around. The deal, announced on July 16, will provide AAL with entry to 130 JetBlue routes, and in return, JetBlue will be able to use 60 American Airlines routes out of New York and Boston. The deal makes perfect sense to Deutsche Bank analyst Michael Linenberg, who argues it is a win-win for both airlines. Linenberg said, “We view the move by American and JetBlue to form a partnership as a very positive development for both companies on many levels; we anticipate it will be earnings accretive for both companies in year one… We think there is the potential for this partnership to expand into something much bigger than what is highlighted in the initial press release.” So, how will each airline benefit? For JetBlue, which Linenberg thinks has long been an “airline in search of a network,” it will provide access to routes between the largest cities and large second-tier cities in the US, as well as an entry into new markets where it presently has little-to-no presence. As for American, an airline that has lost its dominant position in the New York and Boston markets, it will be a chance to reestablish a commanding presence. “By working together,” Linenberg summed up, “American and JetBlue will create the largest airline network and frequent flyer base in Boston and be of similar size (possibly larger) to Delta and United in New York (rather than where they are today, a distant third and fourth based on revenue, respectively).” To this end, Linenberg reiterated a Buy recommendation on AAL along with an $18 price target. Expect upside of 57%, should the target be met over the next 12 months. (To watch Linenberg’s track record, click here) Linenberg’s colleagues aren’t quite as upbeat. Based on 3 Buys and Holds, each, and an additional 7 Sells, the airline has a Moderate Sell consensus rating. However, the share price has declined to such an extent that there’s possible upside of 17%, should the $13.44 average price target be met in the following months. (See American Airlines stock-price forecast on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	“By working together,” Linenberg summed up, “American and JetBlue will create the largest airline network and frequent flyer base in Boston and be of similar size (possibly larger) to Delta and United in New York (rather than where they are today, a distant third and fourth based on revenue, respectively).” To this end, Linenberg reiterated a Buy recommendation on AAL along with an $18 price target. A new partnership between American Airlines (AAL) and JetBlue (JBLU) could be the first of many collaborations over the coming months. The deal, announced on July 16, will provide AAL with entry to 130 JetBlue routes, and in return, JetBlue will be able to use 60 American Airlines routes out of New York and Boston.	A new partnership between American Airlines (AAL) and JetBlue (JBLU) could be the first of many collaborations over the coming months. The deal, announced on July 16, will provide AAL with entry to 130 JetBlue routes, and in return, JetBlue will be able to use 60 American Airlines routes out of New York and Boston. “By working together,” Linenberg summed up, “American and JetBlue will create the largest airline network and frequent flyer base in Boston and be of similar size (possibly larger) to Delta and United in New York (rather than where they are today, a distant third and fourth based on revenue, respectively).” To this end, Linenberg reiterated a Buy recommendation on AAL along with an $18 price target.	The deal, announced on July 16, will provide AAL with entry to 130 JetBlue routes, and in return, JetBlue will be able to use 60 American Airlines routes out of New York and Boston. “By working together,” Linenberg summed up, “American and JetBlue will create the largest airline network and frequent flyer base in Boston and be of similar size (possibly larger) to Delta and United in New York (rather than where they are today, a distant third and fourth based on revenue, respectively).” To this end, Linenberg reiterated a Buy recommendation on AAL along with an $18 price target. A new partnership between American Airlines (AAL) and JetBlue (JBLU) could be the first of many collaborations over the coming months.	A new partnership between American Airlines (AAL) and JetBlue (JBLU) could be the first of many collaborations over the coming months. The deal, announced on July 16, will provide AAL with entry to 130 JetBlue routes, and in return, JetBlue will be able to use 60 American Airlines routes out of New York and Boston. “By working together,” Linenberg summed up, “American and JetBlue will create the largest airline network and frequent flyer base in Boston and be of similar size (possibly larger) to Delta and United in New York (rather than where they are today, a distant third and fourth based on revenue, respectively).” To this end, Linenberg reiterated a Buy recommendation on AAL along with an $18 price target.
5495.0	2020-07-21 00:00:00 UTC	Airlines ask EU, White House to adopt COVID-19 testing program for passengers	AAL	https://www.nasdaq.com/articles/airlines-ask-eu-white-house-to-adopt-covid-19-testing-program-for-passengers-2020-07-21	nan	nan	By David Shepardson WASHINGTON, July 21 (Reuters) - Major U.S. and European Union airlines asked the EU and White House on Tuesday to consider a joint U.S.-EU program to test airline passengers for COVID-19 as a way to allow people to travel once again between the United States and Europe. In a letter to U.S. Vice President Mike Pence and Ylva Johansson, the European Commissioner for Home Affairs, the chief executives of American Airlines AAL.O, United Airlines UAL.O, Lufthansa LHAG.DE and International Airlines Group ICAG.L requested "the safe and swift restoration of air travel between the United States and Europe." Nearly all Europeans are currently barred from traveling to the United States and similar restrictions are in place for Americans seeking to travel to most of the EU because of the coronavirus pandemic. "We recognize that testing presents a number of challenges, however we believe that a pilot testing program for the transatlantic market could be an excellent opportunity for government and industry to work together and find ways to overcome obstacles and explore all solutions to protect health, build confidence, and safely restore passenger travel between the U.S. and Europe," the airlines wrote in the letter. Lufthansa spokesman Andreas Bartels said the airline "wanted to raise this topic because we think there is the possibility to test people at the airport, as we have demonstrated in Frankfurt." U.S. and EU officials in June discussed the idea of testing as a way to allow Americans to travel to the EU but did not reach agreement. In June, the European Union excluded the United States from its initial "safe list" of countries from which the bloc will allow nonessential travel. Last week the U.S. State Department said foreign students coming from Europe are exempt from travel restrictions adopted in March. The State Department said in a memo seen by Reuters it would offer exemptions for some au pairs. (Reporting by David Shepardson in Washington Additional reporting by Laurence Frost in Paris Editing by Franklin Paul and Matthew Lewis) ((David.Shepardson@thomsonreuters.com; 2028988324;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In a letter to U.S. Vice President Mike Pence and Ylva Johansson, the European Commissioner for Home Affairs, the chief executives of American Airlines AAL.O, United Airlines UAL.O, Lufthansa LHAG.DE and International Airlines Group ICAG.L requested "the safe and swift restoration of air travel between the United States and Europe." "We recognize that testing presents a number of challenges, however we believe that a pilot testing program for the transatlantic market could be an excellent opportunity for government and industry to work together and find ways to overcome obstacles and explore all solutions to protect health, build confidence, and safely restore passenger travel between the U.S. and Europe," the airlines wrote in the letter. Lufthansa spokesman Andreas Bartels said the airline "wanted to raise this topic because we think there is the possibility to test people at the airport, as we have demonstrated in Frankfurt."	In a letter to U.S. Vice President Mike Pence and Ylva Johansson, the European Commissioner for Home Affairs, the chief executives of American Airlines AAL.O, United Airlines UAL.O, Lufthansa LHAG.DE and International Airlines Group ICAG.L requested "the safe and swift restoration of air travel between the United States and Europe." By David Shepardson WASHINGTON, July 21 (Reuters) - Major U.S. and European Union airlines asked the EU and White House on Tuesday to consider a joint U.S.-EU program to test airline passengers for COVID-19 as a way to allow people to travel once again between the United States and Europe. "We recognize that testing presents a number of challenges, however we believe that a pilot testing program for the transatlantic market could be an excellent opportunity for government and industry to work together and find ways to overcome obstacles and explore all solutions to protect health, build confidence, and safely restore passenger travel between the U.S. and Europe," the airlines wrote in the letter.	In a letter to U.S. Vice President Mike Pence and Ylva Johansson, the European Commissioner for Home Affairs, the chief executives of American Airlines AAL.O, United Airlines UAL.O, Lufthansa LHAG.DE and International Airlines Group ICAG.L requested "the safe and swift restoration of air travel between the United States and Europe." By David Shepardson WASHINGTON, July 21 (Reuters) - Major U.S. and European Union airlines asked the EU and White House on Tuesday to consider a joint U.S.-EU program to test airline passengers for COVID-19 as a way to allow people to travel once again between the United States and Europe. "We recognize that testing presents a number of challenges, however we believe that a pilot testing program for the transatlantic market could be an excellent opportunity for government and industry to work together and find ways to overcome obstacles and explore all solutions to protect health, build confidence, and safely restore passenger travel between the U.S. and Europe," the airlines wrote in the letter.	In a letter to U.S. Vice President Mike Pence and Ylva Johansson, the European Commissioner for Home Affairs, the chief executives of American Airlines AAL.O, United Airlines UAL.O, Lufthansa LHAG.DE and International Airlines Group ICAG.L requested "the safe and swift restoration of air travel between the United States and Europe." By David Shepardson WASHINGTON, July 21 (Reuters) - Major U.S. and European Union airlines asked the EU and White House on Tuesday to consider a joint U.S.-EU program to test airline passengers for COVID-19 as a way to allow people to travel once again between the United States and Europe. Nearly all Europeans are currently barred from traveling to the United States and similar restrictions are in place for Americans seeking to travel to most of the EU because of the coronavirus pandemic.
5496.0	2020-07-21 00:00:00 UTC	Now Is the Time to Get on Board JetBlue Stock	AAL	https://www.nasdaq.com/articles/now-is-the-time-to-get-on-board-jetblue-stock-2020-07-21	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sometimes potential mistakes are easy to spot, as was the case on June 5 when I cautioned about chasing the airline’s rally after-the-fact. My write-up then came the day after JetBlue (NASDAQ:JBLU) rallied 15% in one day on top of a bunch more that week. The note was prophetic since JBLU stock made a u-turn and fell 35% from what turned out to be an interim top. JBLU) aircraft interior" width="300" height="169"> Source: Shutterstock My exact words were: “I don’t care how good the news was, moves this big make it impossible for me to chase in good conscience.” Today’s point is not to say I told you so, but to share my buy-the-dip idea. Near $10 per share, JBLU stock is worthy of owning in a diversified investment portfolio. Since the effects of the global quarantine are still in full bloom, airline stocks remain very high risk. I consider all of them to be speculative bets because their business processes are still in compete shambles. In June I suggested that there would be sellers from $13 through $15 per share. That happened and now it is closer to $10, so investors can start catching the falling knife, especially those intending to keep it for a while. JBLU Stock Speculative Even After Balance Sheet Boost Source: Charts by TradingView The 7 Best Cheap Stocks Under $10 Right Now I just traveled overseas and I saw first hand the decimation in the industry. Even though my flights were full, there were so few to choose from. In fact, they canceled my original flight to Cancun because they didn’t sell enough seats on it. Yesterday’s air traffic screening report from the TSA showed that screenings are still down 72% from this time last year. It is dangerous to chase headlines like the one that sparked the frenzy back then as it rarely works out mid-term. Today’s idea is the opposite of that and under much calmer conditions. There is no going around the fundamental thesis and the airlines profit-and-loss statements are in shambles. There is hardly any top-line flowing into JetBlue and its competitors and they are all bleeding cash. Even though they have shored up their balances, there is still tremendous pressure on their balance sheets to boot. Collectively, the airlines have raised record levels of debt in a short period of time. This is in addition to the bailouts they are getting from the government. While this increases their chances of surviving the pinch, it does nothing to repair the business. Fundamentally, it is hard to judge its business because of the disruption in the income stream. Regardless, JBLU stock is still cheap with a 13x price-earnings ratio, so on paper there is little froth in the stock price. But this can change on a moment’s notice. The only comforting notion is that just few days before the global quarantine these businesses were very healthy. The assumption is that they will eventually go back to or close enough to it. The Vaccine Solution to the Crowd Economy Stocks Scientists are working hard to find a vaccine for Covid-19. The message from experts like Dr.Fauci assure us that it is only a matter of time before we have more than one. I remain skeptical but I will yield to the experts on that front. If they are right, then the new normal will not be too different from before. Else, I expect new regulations to limit the capacity on planes. During my recent travels, I found it astonishing that I was sitting shoulder-to-shoulder with strangers. I live in California and our Governor is screaming panic about social distancing, yet here I was sharing an armrest with a person I don’t know for five hours. This contradiction cannot continue to exist. They cannot restrict us on the street and then let us fly packed like sardines in the air. I remain confident that in the end, contracting Covid-19 will be like the flu thanks to much improved therapeutics. Most will survive it and those who fell to it in the early stages could have probably done better now with improved care techniques. For airlines stocks to win long-term they need certainty from the medical community and from the FAA. Currently it seems like they are making up the rules as they go. I flew United Air Lines (NASDAQ:UAL) where they sold every seat. Their policies on this front are getting lax as they become more desperate to recover. The airline stocks will be big winners once the vaccine is announced and on every hint of headline until then. Investors should either be long or avoid them. Case in point: today we have a new headline from Novavax (NASDAQ:NVAX) that is likely to have a positive effect on Covid-sensitive stocks. Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. The post Now Is the Time to Get on Board JetBlue Stock appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Since the effects of the global quarantine are still in full bloom, airline stocks remain very high risk. I live in California and our Governor is screaming panic about social distancing, yet here I was sharing an armrest with a person I don’t know for five hours. Case in point: today we have a new headline from Novavax (NASDAQ:NVAX) that is likely to have a positive effect on Covid-sensitive stocks.	My write-up then came the day after JetBlue (NASDAQ:JBLU) rallied 15% in one day on top of a bunch more that week. Since the effects of the global quarantine are still in full bloom, airline stocks remain very high risk. JBLU Stock Speculative Even After Balance Sheet Boost Source: Charts by TradingView The 7 Best Cheap Stocks Under $10 Right Now I just traveled overseas and I saw first hand the decimation in the industry.	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sometimes potential mistakes are easy to spot, as was the case on June 5 when I cautioned about chasing the airline’s rally after-the-fact. JBLU) aircraft interior" width="300" height="169"> Source: Shutterstock My exact words were: “I don’t care how good the news was, moves this big make it impossible for me to chase in good conscience.” Today’s point is not to say I told you so, but to share my buy-the-dip idea. JBLU Stock Speculative Even After Balance Sheet Boost Source: Charts by TradingView The 7 Best Cheap Stocks Under $10 Right Now I just traveled overseas and I saw first hand the decimation in the industry.	There is no going around the fundamental thesis and the airlines profit-and-loss statements are in shambles. I remain skeptical but I will yield to the experts on that front. Case in point: today we have a new headline from Novavax (NASDAQ:NVAX) that is likely to have a positive effect on Covid-sensitive stocks.
5497.0	2020-07-20 00:00:00 UTC	Why Airline Shares Are Falling Today	AAL	https://www.nasdaq.com/articles/why-airline-shares-are-falling-today-2020-07-20	nan	nan	What happened Airline shares were under pressure on Monday after a closely watched indicator of travel demand posted its first weekly decline since April. A spike in new coronavirus cases is crimping travel, and that's bad news for airlines. Shares of Spirit Airlines (NYSE: SAVE) led the industry lower, down 5.5% at the close today, while shares of United Airlines Holdings (NASDAQ: UAL) were off 4.7% and shares of American Airlines Group (NASDAQ: AAL), Hawaiian Holdings (NASDAQ: HA), Southwest Airlines (NYSE: LUV), Delta Air Lines (NYSE: DAL), and JetBlue Airways (NASDAQ: JBLU) were all down about 3%. Alaska Air Group (NYSE: ALK) and Allegiant Travel (NASDAQ: ALGT) also closed down around 3% each. So what Airlines have been hit hard by the COVID-19 pandemic. Delta, for example, last week reported that second-quarter revenue was down 88.2% year over year due to lack of demand. But consumer interest in flying had been rebounding somewhat off April lows as regions of the country began to reopen. Growing numbers of new cases in tourism hotbeds including Florida, California, and Texas are threatening to reverse the progress. The average daily number of travelers passing through Transportation Security Administration checkpoints fell slightly in the seven days ending Sunday compared with the prior seven days. Investors have been watching the TSA numbers carefully, and sending airline shares higher in recent weeks as they slowly climbed. Image source: Getty Images. Analysts at Bank of America sounded a similar alarm on Monday, warning that domestic bookings are decelerating after a slow rise earlier in the summer. It's becoming increasingly clear that the airlines are in for a prolonged downturn. The industry is prohibited from layoffs until October as a condition for receiving government aid, but you can expect most airlines to shed a significant portion of their total workforce this fall. Some airlines are already making progress toward that goal. Southwest said Monday that about 25% of its employees had accepted voluntary buyouts or extended leaves of absence, which should reduce the need for involuntary layoffs, if not eliminate them. And Delta has proposed that its pilots take pay cuts to avoid furloughs. United and American have sent required furlough notices to 36,000 and 28,000 employees, respectively. That doesn't necessarily mean that the two airlines will cut that many jobs, but it gives them significant leeway to do cuts once the CARES Act prohibition is lifted. Now what There are probably few airline investors left out there who at this point would be surprised to hear the recovery is going to take time. The good news is the airlines have piles of cash to help get them through the crisis: U.S. carriers have raised about $50 billion in private debt and equity funding to go along with a similar amount of government aid. The bad news is, they are likely going to need much if not all of it. For those wanting to buy in and ride out the turbulence, there are some airlines that look like safer bets than their rivals. Southwest has nearly two years' worth of cash on hand, while Delta is on target to eliminate cash burn by year's end. Just be warned it's best to buckle up and prepare for a long, arduous 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 June 2, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of and recommends Spirit Airlines. The Motley Fool recommends 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) led the industry lower, down 5.5% at the close today, while shares of United Airlines Holdings (NASDAQ: UAL) were off 4.7% and shares of American Airlines Group (NASDAQ: AAL), Hawaiian Holdings (NASDAQ: HA), Southwest Airlines (NYSE: LUV), Delta Air Lines (NYSE: DAL), and JetBlue Airways (NASDAQ: JBLU) were all down about 3%. Analysts at Bank of America sounded a similar alarm on Monday, warning that domestic bookings are decelerating after a slow rise earlier in the summer. The industry is prohibited from layoffs until October as a condition for receiving government aid, but you can expect most airlines to shed a significant portion of their total workforce this fall.	Shares of Spirit Airlines (NYSE: SAVE) led the industry lower, down 5.5% at the close today, while shares of United Airlines Holdings (NASDAQ: UAL) were off 4.7% and shares of American Airlines Group (NASDAQ: AAL), Hawaiian Holdings (NASDAQ: HA), Southwest Airlines (NYSE: LUV), Delta Air Lines (NYSE: DAL), and JetBlue Airways (NASDAQ: JBLU) were all down about 3%. See the 10 stocks *Stock Advisor returns as of June 2, 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) led the industry lower, down 5.5% at the close today, while shares of United Airlines Holdings (NASDAQ: UAL) were off 4.7% and shares of American Airlines Group (NASDAQ: AAL), Hawaiian Holdings (NASDAQ: HA), Southwest Airlines (NYSE: LUV), Delta Air Lines (NYSE: DAL), and JetBlue Airways (NASDAQ: JBLU) were all down about 3%. See the 10 stocks *Stock Advisor returns as of June 2, 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) led the industry lower, down 5.5% at the close today, while shares of United Airlines Holdings (NASDAQ: UAL) were off 4.7% and shares of American Airlines Group (NASDAQ: AAL), Hawaiian Holdings (NASDAQ: HA), Southwest Airlines (NYSE: LUV), Delta Air Lines (NYSE: DAL), and JetBlue Airways (NASDAQ: JBLU) were all down about 3%. That's right -- they think these 10 stocks are even better buys. The Motley Fool recommends Alaska Air Group, Delta Air Lines, Hawaiian Holdings, JetBlue Airways, and Southwest Airlines.
5498.0	2020-07-20 00:00:00 UTC	Southwest says 28% of workers seek leaves or exits; 2,235 Delta pilots take exit deal	AAL	https://www.nasdaq.com/articles/southwest-says-28-of-workers-seek-leaves-or-exits-2235-delta-pilots-take-exit-deal-2020-07	nan	nan	By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, July 20 (Reuters) - Southwest Airlines LUV.Ntold employees on Monday that 16,895 of its roughly 60,900 workforce have volunteered for long-term separation or early retirement deals, according to a message from Chief Executive Gary Kelly that was shared with Reuters. U.S. airlines, which received a $25 billion bailout in March to cover payroll for six months, are trying to encourage employees to accept voluntary departure deals in the hope of avoiding involuntary furloughs in the fall, when the federal stimulus funds run out. They had hoped air travel demand would recover by October, but have warned that bookings that began to rise in May and June from dramatic lows in April have leveled off or even fallen due to a rise in COVID-19 cases in some parts of the country. Around 4,400 Southwest employees have applied for early retirement and Kelly said the company expects to grant all of those requests while it weighs close to 12,500 requests for an extended time off package against the needs of different departments. One person who reviewed the numbers said they represented around 24% of Southwest pilots and 33% of flight attendants. Meanwhile, the union representing Delta pilots said 2,235 pilots had volunteered for a voluntary early out program ahead of a Sunday deadline, up from 1,700 on Friday, when Delta told pilots it would avoid furloughs if they agreed to reduced guaranteed minimum pay. A Delta spokesman told Reuters: "Delta’s Voluntary Early Out Program window for pilots closed on Sunday night with 2,234 pilot electing to retire early from the airline. This is meaningful progress as we look to mitigate furloughs and our teams are hard at work to determine next steps and evaluate how the pilot early retirement may affect Delta’s overall pilot staffing outlook.” Southwest declined to comment ahead of its quarterly results publication on Thursday. There is a period for employees at both Delta and Southwest to rescind their decision, so the numbers are not final. American Airlines AAL.O and United Airlines UAL.O have also offered voluntary departure deals while together sending more than 60,000 warnings of potential furloughs to their employees, even as discussions heat up in Washington for a new round of government bailouts. (Reporting by Tracy Rucinski and David Shepardson; Editing by Dan Grebler) ((tracy.rucinski@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	American Airlines AAL.O and United Airlines UAL.O have also offered voluntary departure deals while together sending more than 60,000 warnings of potential furloughs to their employees, even as discussions heat up in Washington for a new round of government bailouts. By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, July 20 (Reuters) - Southwest Airlines LUV.Ntold employees on Monday that 16,895 of its roughly 60,900 workforce have volunteered for long-term separation or early retirement deals, according to a message from Chief Executive Gary Kelly that was shared with Reuters. U.S. airlines, which received a $25 billion bailout in March to cover payroll for six months, are trying to encourage employees to accept voluntary departure deals in the hope of avoiding involuntary furloughs in the fall, when the federal stimulus funds run out.	American Airlines AAL.O and United Airlines UAL.O have also offered voluntary departure deals while together sending more than 60,000 warnings of potential furloughs to their employees, even as discussions heat up in Washington for a new round of government bailouts. By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, July 20 (Reuters) - Southwest Airlines LUV.Ntold employees on Monday that 16,895 of its roughly 60,900 workforce have volunteered for long-term separation or early retirement deals, according to a message from Chief Executive Gary Kelly that was shared with Reuters. Meanwhile, the union representing Delta pilots said 2,235 pilots had volunteered for a voluntary early out program ahead of a Sunday deadline, up from 1,700 on Friday, when Delta told pilots it would avoid furloughs if they agreed to reduced guaranteed minimum pay.	American Airlines AAL.O and United Airlines UAL.O have also offered voluntary departure deals while together sending more than 60,000 warnings of potential furloughs to their employees, even as discussions heat up in Washington for a new round of government bailouts. By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, July 20 (Reuters) - Southwest Airlines LUV.Ntold employees on Monday that 16,895 of its roughly 60,900 workforce have volunteered for long-term separation or early retirement deals, according to a message from Chief Executive Gary Kelly that was shared with Reuters. Meanwhile, the union representing Delta pilots said 2,235 pilots had volunteered for a voluntary early out program ahead of a Sunday deadline, up from 1,700 on Friday, when Delta told pilots it would avoid furloughs if they agreed to reduced guaranteed minimum pay.	American Airlines AAL.O and United Airlines UAL.O have also offered voluntary departure deals while together sending more than 60,000 warnings of potential furloughs to their employees, even as discussions heat up in Washington for a new round of government bailouts. By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, July 20 (Reuters) - Southwest Airlines LUV.Ntold employees on Monday that 16,895 of its roughly 60,900 workforce have volunteered for long-term separation or early retirement deals, according to a message from Chief Executive Gary Kelly that was shared with Reuters. Meanwhile, the union representing Delta pilots said 2,235 pilots had volunteered for a voluntary early out program ahead of a Sunday deadline, up from 1,700 on Friday, when Delta told pilots it would avoid furloughs if they agreed to reduced guaranteed minimum pay.
5499.0	2020-07-20 00:00:00 UTC	JetBlue Stock Looks Poised to Take Off by Early 2021	AAL	https://www.nasdaq.com/articles/jetblue-stock-looks-poised-to-take-off-by-early-2021-2020-07-20	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Demand for flights hasn’t recovered as quickly as I thought it would back in April and May. Nonetheless, demand for airplane tickets has climbed tremendously, a vaccine is almost definitely on the way and airlines’ cash burn rate is dropping quickly. All of that bodes very well for the long-term outlook of JetBlue Airways (NASDAQ:JBLU) stock. Source: Roman Tiraspolsky / Shutterstock.com Although airline revenues haven’t bounced back to 60%-70% of 2019 levels, as I had previously predicted, ticket sales have surged since they bottomed in April. Delta (NYSE:DAL) recently estimated that its third-quarter revenue would be 20%-25% of the levels it reported in Q3 of 2019. That’s way above the 95%+ year-over-year declines that the company was seeing in mid-April. And Delta generates 50% of its revenue from business travelers, while JetBlue is less leveraged to those road warriors. Since leisure travel has recovered much more quickly than the business sector, JetBlue’s revenue this quarter will probably be only 35%-40% of the amount it generated in Q3 of 2019. Moving to Take Market Share Another good sign for JetBlue is that the company is making some aggressive moves to try to increase its market share and revenue. Specifically, the company announced on July 2 that it would add 30 new routes in the U.S., and it recently announced a new alliance with American Airlines (NASDAQ:AAL). Under the deal, the two airlines “will feed each other passengers on select flights to and from the Northeast.” In general, companies that are in huge trouble and doing very poorly do not look to expand their operations. And as InvestorPlace contributor Bret Kenwell recently pointed out, Delta’s been able to slash its cash burn rate, paring its daily cash burn rate in June to $27 million versus $43 million in all of Q2. The airline’s said that it’s looking to get that down to zero by the end of the year. Outlook for JetBlue and Other Airlines Any rebound in demand for flights was grounded with the recent increase in daily new novel coronavirus cases in several states, amplified by the media’s hype of the issue. Also hurting ticket sales was the decision by the governors of New York, New Jersey and Connecticut to require travelers coming to their states from the “hotspots” to quarantine for two weeks. 8 Silver Stocks to Consider If Gold Isn't Your Thing But the surge of cases, for the most part, appears to be leveling off and, with the exception of a few states, has not been accompanied by a large increase in daily death totals. Moreover, those states’ daily death totals remain far below the levels of New York and New Jersey during the spring, and the case fatality rates remain well below those seen in the spring. Therefore, I do not expect Americans’ fear levels to skyrocket to the levels they had reached on April and May which pushed airline revenue off a cliff again. And, since the shutdowns caused huge amounts of problems and there’s no strong evidence that they reduced death rates, I don’t expect most governors to ever reimpose them. Meanwhile, JetBlue’s balance sheet is strong, as its $3 billion of cash is equal to more than 40% of its 2019 expenses. Taken together, cost cutting, JetBlue’s cash and the demand rebound ensure that the carrier will remain in a strong position until a vaccine is ready. And speaking of a vaccine, with multiple drug companies announcing that their vaccine candidates have been effective in trials, I’m all but certain that a highly successful vaccine will be introduced within the next six months. Additionally, Dr. Anthony Fauci recently said that a vaccine would be introduced by the end of the year. As I’ve written previously, I don’t understand the logic of those who say that air travel will remain far below 2019 levels even after a successful vaccine is introduced. While economic problems could conceivably prevent some consumers from flying much after a vaccine is distributed, I think pent-up demand from middle- and high-income Americans will more than offset that negative factor. Bottom Line on JBLU Stock Demand for flying has rebounded and is unlikely to fall meaningfully, while JetBlue has a strong balance sheet. As a result, the carrier, in all likelihood, will be able to remain intact and strong until a vaccine is introduced. A vaccine, in turn, will cause demand to surge a great deal, lifting JBLU stock in the process. Consequently, I recommend that long-term investors buy the shares. As of this writing, Larry Ramer did not own shares of any of the aforementioned companies. Larry Ramer has written articles about U.S. stocks for 13 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Among his highly successful, contrarian picks have been Roku, solar stocks, and Plug Power. You can reach him on StockTwits at @larryramer. The post JetBlue Stock Looks Poised to Take Off by Early 2021 appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Specifically, the company announced on July 2 that it would add 30 new routes in the U.S., and it recently announced a new alliance with American Airlines (NASDAQ:AAL). Source: Roman Tiraspolsky / Shutterstock.com Although airline revenues haven’t bounced back to 60%-70% of 2019 levels, as I had previously predicted, ticket sales have surged since they bottomed in April. Outlook for JetBlue and Other Airlines Any rebound in demand for flights was grounded with the recent increase in daily new novel coronavirus cases in several states, amplified by the media’s hype of the issue.	Specifically, the company announced on July 2 that it would add 30 new routes in the U.S., and it recently announced a new alliance with American Airlines (NASDAQ:AAL). All of that bodes very well for the long-term outlook of JetBlue Airways (NASDAQ:JBLU) stock. And as InvestorPlace contributor Bret Kenwell recently pointed out, Delta’s been able to slash its cash burn rate, paring its daily cash burn rate in June to $27 million versus $43 million in all of Q2.	Specifically, the company announced on July 2 that it would add 30 new routes in the U.S., and it recently announced a new alliance with American Airlines (NASDAQ:AAL). Moving to Take Market Share Another good sign for JetBlue is that the company is making some aggressive moves to try to increase its market share and revenue. Outlook for JetBlue and Other Airlines Any rebound in demand for flights was grounded with the recent increase in daily new novel coronavirus cases in several states, amplified by the media’s hype of the issue.	Specifically, the company announced on July 2 that it would add 30 new routes in the U.S., and it recently announced a new alliance with American Airlines (NASDAQ:AAL). Taken together, cost cutting, JetBlue’s cash and the demand rebound ensure that the carrier will remain in a strong position until a vaccine is ready. And speaking of a vaccine, with multiple drug companies announcing that their vaccine candidates have been effective in trials, I’m all but certain that a highly successful vaccine will be introduced within the next six months.

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