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6700.0
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2019-01-24 00:00:00 UTC
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American Airlines, Southwest profits beat on strong travel demand
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AAL
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https://www.nasdaq.com/articles/american-airlines-southwest-profits-beat-strong-travel-demand-2019-01-24
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nan
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nan
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By Tracy Rucinski
CHICAGO, Jan 24 () - Three major U.S. airlines said on Thursday the U.S. government partial shutdown had not yet had a major financial impact but a tipping point might be near.
The carriers expressed their concerns after reporting quarterly earnings that beat Wall Street expectations thanks to healthy passenger demand.
A poll of economists showed that U.S. economic growth will take a hit this quarter from the government shutdown, in its 34th day and the longest in U.S. history. Airlines in turn will feel the impact because their fortunes are tied closely to the health of the economy.
As a result of the shutdown, airport security workers and air traffic controllers continued to go without pay, stretching staffing and creating long lines at some airports and flight delays.
The Transportation Security Administration said 7.5 percent of the nation's 51,000 airport security officers were absent on Wednesday, down from a recent high of 10 percent on Sunday.
Federal workers who oversee route authorizations and aircraft certifications were also furloughed because of the shutdown, delaying Southwest's plans to launch service to Hawaii early this year.
Two measures to end the partial U.S. government shutdown - one backed by Republicans and one by Democrats - failed in the Senate on Thursday.
Most airlines said the financial impact of the shutdown thus far had been limited, but JetBlue Airways Corp Chief Executive Robin Hayes warned that the U.S. aviation system is nearing a "tipping point."
"And the longer this goes on, the longer it will take for the air travel infrastructure to rebound," Hayes said.
No. 1 U.S. carrier American Airlines Group Inc said the shutdown caused "a bit of softness" for flights in the next 14 days.
"We encourage the government to get reopened," American Chief Executive Doug Parker said.
STRONG DEMAND
All three airlines that reported earnings before the markets closed on Thursday beat Wall Street expectations -- American, Southwest and JetBlue.
The profit beats, which mirrored solid results from Delta Air Lines and United Airlines earlier this month, boosted shares and eased concerns about the impact of slower global economic growth.
Shares of American and Southwest each closed 6 percent higher while those of JetBlue ended up 5 percent, lifting the broader Dow Jones U.S. Airlines Index.
American said overall demand, including for corporate travel, remained strong, and forecast $1 billion of additional revenue in 2019 as it continues to expand its Premium Economy product and adds gates at its Dallas-Fort Worth and Charlotte hubs.
The company, based in Fort Worth, Texas, forecast an increase in full-year earnings per share of 21 percent to 65 percent, compared with the 30 percent expected by analysts on average, according to IBES data from Refinitiv.
It said net income, excluding special items, rose 8.3 percent to $481 million, or $1.04 per share, in the fourth quarter. That beat analysts' estimate of $1.01 per share.
Total operating revenue rose 3.1 percent to $10.94 billion.
Southwest, the fourth-largest U.S. airline by passenger traffic, said revenue per available seat mile would rise in the 4 percent to 5 percent range in the first quarter after a 1.8 percent increase in the fourth quarter.
Net income at Southwest, a low-cost carrier, fell 63 percent to $654 million, or $1.17 per share, in the fourth quarter, from a year earlier, when it recorded a big tax benefit. EPS beat analysts' average estimate of $1.07, according to IBES data from Refinitiv.
New York-based JetBlue, the sixth-largest U.S. airline, also posted a fourth-quarter profit on Thursday above Wall Street estimates.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Most airlines said the financial impact of the shutdown thus far had been limited, but JetBlue Airways Corp Chief Executive Robin Hayes warned that the U.S. aviation system is nearing a "tipping point." The profit beats, which mirrored solid results from Delta Air Lines and United Airlines earlier this month, boosted shares and eased concerns about the impact of slower global economic growth. American said overall demand, including for corporate travel, remained strong, and forecast $1 billion of additional revenue in 2019 as it continues to expand its Premium Economy product and adds gates at its Dallas-Fort Worth and Charlotte hubs.
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The carriers expressed their concerns after reporting quarterly earnings that beat Wall Street expectations thanks to healthy passenger demand. All three airlines that reported earnings before the markets closed on Thursday beat Wall Street expectations -- American, Southwest and JetBlue. The company, based in Fort Worth, Texas, forecast an increase in full-year earnings per share of 21 percent to 65 percent, compared with the 30 percent expected by analysts on average, according to IBES data from Refinitiv.
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Shares of American and Southwest each closed 6 percent higher while those of JetBlue ended up 5 percent, lifting the broader Dow Jones U.S. Airlines Index. The company, based in Fort Worth, Texas, forecast an increase in full-year earnings per share of 21 percent to 65 percent, compared with the 30 percent expected by analysts on average, according to IBES data from Refinitiv. Southwest, the fourth-largest U.S. airline by passenger traffic, said revenue per available seat mile would rise in the 4 percent to 5 percent range in the first quarter after a 1.8 percent increase in the fourth quarter.
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As a result of the shutdown, airport security workers and air traffic controllers continued to go without pay, stretching staffing and creating long lines at some airports and flight delays. All three airlines that reported earnings before the markets closed on Thursday beat Wall Street expectations -- American, Southwest and JetBlue. Southwest, the fourth-largest U.S. airline by passenger traffic, said revenue per available seat mile would rise in the 4 percent to 5 percent range in the first quarter after a 1.8 percent increase in the fourth quarter.
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6701.0
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2019-01-24 00:00:00 UTC
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Initial Claims at Record Low Level
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AAL
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https://www.nasdaq.com/articles/initial-claims-at-record-low-level-2019-01-24
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nan
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nan
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Well, it finally happened: weekly Initial Jobless Claims finally broke beneath the psychologically important 200K level, to 199K last week. This is a drop of 13K claims from the previous week, which totaled a downwardly revised 212K.
We had predicted this would happen back in late summer of last year, when initial claims dwindled week over week down to the low 200s, but we never pushed below that until now. This headline number comes as somewhat of a surprise, as jobless claims had been a bit more volatile in recent weeks.
Continuing Claims also crashed on the week - down 24K to 1.713 million. This is not the lowest we've seen on this side of the claims data; we had been below 1.7 million for a couple weeks there in the latter section of 2018. But this also represents historical lows - in particular, jobless claims are the lowest we've seen since November of 1969, nearly 50 years ago.
If we're seeing anything reflected on the partial U.S. government shutdown (now in its fifth week), it's not apparent this morning. Perhaps some of the 800K federal employees (plus private-sector service workers reliant on federal offices being open) who've gone without a paycheck - with another payday set to go unfulfilled tomorrow - have found employment elsewhere, but these numbers do not expressly state anything like this. Although economists do caution that an extended shutdown will eventually create atrophy in the economy, suggesting we may be seeing peak employment right this very moment.
Q4 "High Flyers" & More
After today's closing bell, we expect to see a slew o f earnings reports from microtechnology companies like Intel INTC , which take on added importance following the warnings from Apple AAPL a couple weeks ago. For this morning, however, earnings reports look a little airline-heavy. The following companies were all rated Zacks Rank #2 (Buy) prior to their Q4 releases:
American Airlines AAL put up a mildly mixed report, beating estimates on the bottom line by 2 cents to $1.04 per share (as opposed to 95 cents in the year-ago quarter) while missing on revenues very slightly, to $10.94 billion. Revenue beats are not really a strength for American - the company has only posted a positive surprise on the top line once in the past 4 quarters.
The airline major, which also carried a Zacks Style Score (Value - Growth - Momentum) of B before the earnings release, appears to b e forgiven for this revenue miss in today's pre-market. Shares are trading up 5.8% at this hour.
Southwest LUV outperformed expectations on both top and bottom lines for its Q4: $1.17 per share easily topped the $1.06 Zacks consensus, and well ahead of last year's 77 cents per share in the same quarter. Revenues of $5.70 billion in the quarter beat estimates by roughly half a percentage point. Southwest, which had already earned 9.8% year to date, is up again 5.66% at this hour in the pre-market.
Discount airline JetBlue JBLU ) also beat Zacks consensus estimates on both sales and earnings: 50 cents per share surpassed the 42 cents expected, while revenues of $1.97 billion barely eked out a positive surprise of 0.13%. Shares have enjoyed a bid up year to date, +7.4%, but are yielding a tad following this Q4 report in early trading.
Elsewhere in Transportation, Union Pacific UNP ) posted $2.12 per share on revenues of $5.76 billion for its Q4 report, an improvement over $2.06 anticipated on the bottom line and +0.66% on the top. Year over year, the railway giant has grown earnings impressively, from $1.53 per share in the year-ago quarter. Shares are already up double digits to start 2019, and are climbing another 3.6% at this hour.
And Freeport-McMoRan FCX ), a mining giant carrying a Zacks Rank #5 (Strong Sell), has missed its quarterly earnings target by nearly 50% to 11 cents per share, well off the year-ago tally of 51 cents. Revenues of $3.68 billion was off more than 4% from expectations, and off the $5.04 billion the company brought in for Q4 2017. That said, shares had been up 19% year to date, but the company has so far given back 6.7% in today's pre-market.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
Union Pacific Corporation (UNP): Free Stock Analysis Report
Apple Inc. (AAPL): Get Free Report
Freeport-McMoRan Inc. (FCX): Get Free Report
Intel Corporation (INTC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following companies were all rated Zacks Rank #2 (Buy) prior to their Q4 releases: American Airlines AAL put up a mildly mixed report, beating estimates on the bottom line by 2 cents to $1.04 per share (as opposed to 95 cents in the year-ago quarter) while missing on revenues very slightly, to $10.94 billion. Click to get this free report JetBlue Airways Corporation (JBLU): Get Free Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Union Pacific Corporation (UNP): Free Stock Analysis Report Apple Inc. (AAPL): Get Free Report Freeport-McMoRan Inc. (FCX): Get Free Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. Q4 "High Flyers" & More After today's closing bell, we expect to see a slew o f earnings reports from microtechnology companies like Intel INTC , which take on added importance following the warnings from Apple AAPL a couple weeks ago.
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Click to get this free report JetBlue Airways Corporation (JBLU): Get Free Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Union Pacific Corporation (UNP): Free Stock Analysis Report Apple Inc. (AAPL): Get Free Report Freeport-McMoRan Inc. (FCX): Get Free Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. The following companies were all rated Zacks Rank #2 (Buy) prior to their Q4 releases: American Airlines AAL put up a mildly mixed report, beating estimates on the bottom line by 2 cents to $1.04 per share (as opposed to 95 cents in the year-ago quarter) while missing on revenues very slightly, to $10.94 billion. Well, it finally happened: weekly Initial Jobless Claims finally broke beneath the psychologically important 200K level, to 199K last week.
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The following companies were all rated Zacks Rank #2 (Buy) prior to their Q4 releases: American Airlines AAL put up a mildly mixed report, beating estimates on the bottom line by 2 cents to $1.04 per share (as opposed to 95 cents in the year-ago quarter) while missing on revenues very slightly, to $10.94 billion. Click to get this free report JetBlue Airways Corporation (JBLU): Get Free Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Union Pacific Corporation (UNP): Free Stock Analysis Report Apple Inc. (AAPL): Get Free Report Freeport-McMoRan Inc. (FCX): Get Free Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. Southwest LUV outperformed expectations on both top and bottom lines for its Q4: $1.17 per share easily topped the $1.06 Zacks consensus, and well ahead of last year's 77 cents per share in the same quarter.
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The following companies were all rated Zacks Rank #2 (Buy) prior to their Q4 releases: American Airlines AAL put up a mildly mixed report, beating estimates on the bottom line by 2 cents to $1.04 per share (as opposed to 95 cents in the year-ago quarter) while missing on revenues very slightly, to $10.94 billion. Click to get this free report JetBlue Airways Corporation (JBLU): Get Free Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Union Pacific Corporation (UNP): Free Stock Analysis Report Apple Inc. (AAPL): Get Free Report Freeport-McMoRan Inc. (FCX): Get Free Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. Continuing Claims also crashed on the week - down 24K to 1.713 million.
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6702.0
|
2019-01-24 00:00:00 UTC
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U.S. shutdown hangs over airlines even as profits beat
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AAL
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https://www.nasdaq.com/articles/us-shutdown-hangs-over-airlines-even-profits-beat-2019-01-24
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nan
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nan
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By Tracy Rucinski
CHICAGO, Jan 24 () - Three major U.S. airlines said on Thursday the U.S. government partial shutdown had not yet had a major financial impact but a tipping point might be near.
The carriers expressed their concerns after reporting quarterly earnings that beat Wall Street expectations thanks to healthy passenger demand.
A poll of economists showed that U.S. economic growth will take a hit this quarter from the government shutdown, in its 34th day and the longest in U.S. history. Airlines in turn will feel the impact because their fortunes are tied closely to the health of the economy.
As a result of the shutdown, airport security workers and air traffic controllers continued to go without pay, stretching staffing and creating long lines at some airports and flight delays.
The Transportation Security Administration said 7.5 percent of the nation's 51,000 airport security officers were absent on Wednesday, down from a recent high of 10 percent on Sunday.
Federal workers who oversee route authorizations and aircraft certifications were also furloughed because of the shutdown, delaying Southwest's plans to launch service to Hawaii early this year.
Two measures to end the partial U.S. government shutdown - one backed by Republicans and one by Democrats - failed in the Senate on Thursday.
Most airlines said the financial impact of the shutdown thus far had been limited, but JetBlue Airways Corp Chief Executive Robin Hayes warned that the U.S. aviation system is nearing a "tipping point."
"And the longer this goes on, the longer it will take for the air travel infrastructure to rebound," Hayes said.
No. 1 U.S. carrier American Airlines Group Inc said the shutdown caused "a bit of softness" for flights in the next 14 days.
"We encourage the government to get reopened," American Chief Executive Doug Parker said.
STRONG DEMAND
All three airlines that reported earnings before the markets closed on Thursday beat Wall Street expectations -- American, Southwest and JetBlue.
The profit beats, which mirrored solid results from Delta Air Lines and United Airlines earlier this month, boosted shares and eased concerns about the impact of slower global economic growth.
Shares of American and Southwest each closed 6 percent higher while those of JetBlue ended up 5 percent, lifting the broader Dow Jones U.S. Airlines Index.
American said overall demand, including for corporate travel, remained strong, and forecast $1 billion of additional revenue in 2019 as it continues to expand its Premium Economy product and adds gates at its Dallas-Fort Worth and Charlotte hubs.
The company, based in Fort Worth, Texas, forecast an increase in full-year earnings per share of 21 percent to 65 percent, compared with the 30 percent expected by analysts on average, according to IBES data from Refinitiv.
It said net income, excluding special items, rose 8.3 percent to $481 million, or $1.04 per share, in the fourth quarter. That beat analysts' estimate of $1.01 per share.
Total operating revenue rose 3.1 percent to $10.94 billion.
Southwest, the fourth-largest U.S. airline by passenger traffic, said revenue per available seat mile would rise in the 4 percent to 5 percent range in the first quarter after a 1.8 percent increase in the fourth quarter.
Net income at Southwest, a low-cost carrier, fell 63 percent to $654 million, or $1.17 per share, in the fourth quarter, from a year earlier, when it recorded a big tax benefit. EPS beat analysts' average estimate of $1.07, according to IBES data from Refinitiv.
New York-based JetBlue, the sixth-largest U.S. airline, also posted a fourth-quarter profit on Thursday above Wall Street estimates.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Most airlines said the financial impact of the shutdown thus far had been limited, but JetBlue Airways Corp Chief Executive Robin Hayes warned that the U.S. aviation system is nearing a "tipping point." The profit beats, which mirrored solid results from Delta Air Lines and United Airlines earlier this month, boosted shares and eased concerns about the impact of slower global economic growth. American said overall demand, including for corporate travel, remained strong, and forecast $1 billion of additional revenue in 2019 as it continues to expand its Premium Economy product and adds gates at its Dallas-Fort Worth and Charlotte hubs.
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The carriers expressed their concerns after reporting quarterly earnings that beat Wall Street expectations thanks to healthy passenger demand. All three airlines that reported earnings before the markets closed on Thursday beat Wall Street expectations -- American, Southwest and JetBlue. The company, based in Fort Worth, Texas, forecast an increase in full-year earnings per share of 21 percent to 65 percent, compared with the 30 percent expected by analysts on average, according to IBES data from Refinitiv.
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Shares of American and Southwest each closed 6 percent higher while those of JetBlue ended up 5 percent, lifting the broader Dow Jones U.S. Airlines Index. The company, based in Fort Worth, Texas, forecast an increase in full-year earnings per share of 21 percent to 65 percent, compared with the 30 percent expected by analysts on average, according to IBES data from Refinitiv. Southwest, the fourth-largest U.S. airline by passenger traffic, said revenue per available seat mile would rise in the 4 percent to 5 percent range in the first quarter after a 1.8 percent increase in the fourth quarter.
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As a result of the shutdown, airport security workers and air traffic controllers continued to go without pay, stretching staffing and creating long lines at some airports and flight delays. All three airlines that reported earnings before the markets closed on Thursday beat Wall Street expectations -- American, Southwest and JetBlue. Southwest, the fourth-largest U.S. airline by passenger traffic, said revenue per available seat mile would rise in the 4 percent to 5 percent range in the first quarter after a 1.8 percent increase in the fourth quarter.
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6703.0
|
2019-01-24 00:00:00 UTC
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American Airlines (AAL) Q4 Earnings Beat, Revenues Miss
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-q4-earnings-beat-revenues-miss-2019-01-24
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nan
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nan
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American Airlines Group 's AAL fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02. Moreover, the bottom line increased on a year-over-year basis.
Revenues of $10,938 million missed the Zacks Consensus Estimate of $11,006.7 million. However, the top line improved on a year-over-year basis. Strong demand for air travel led to this year-over-year improvement in the top line.
Total revenue per available seat miles (TRASM: a key measure of unit revenues) increased 1.7% to 16.02 cents in the reported quarter. Consolidated yield rose 2.4%. Passenger revenue per available seat miles (PRASM) inched up 1.4%.
While traffic (measured by revenue passenger miles) was up 0.4%, capacity (measured by average seat miles) expanded 1.4%. Consolidated load factor (percentage of seats filled by passengers) contracted 70 basis points to 81.4% as traffic growth was outpaced by capacity expansion.
Total operating expenses (on a reported basis) climbed 4.2% year over year to $10,389 million due to the 19.6% surge in consolidated fuel costs. Expenses pertaining to salaries and benefits were down 0.5%. Consolidated operating costs per available seat miles (CASM: excluding fuel and special items) declined 0.2%.
During 2018, this Zacks Rank #2 (Buy) company returned $986 million to shareholders through dividends. Furthermore, the carrier also declared a dividend of 10 cents per share. The dividend will be paid on Feb 20 to the shareholders of record on Feb 6. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
American Airlines is constantly looking to modernize its fleet. To this end, the carrier ordered 47 new Boeing 787 jets in 2018 in a bid to maintain a young fleet. It is constantly removing outdated planes from its fleet.
American Airlines Group Inc. Price, Consensus and EPS Surprise
American Airlines Group Inc. Price, Consensus and EPS Surprise | American Airlines Group Inc. Quote
Q1 Outlook
TRASM is expected to either remain flat or increase up to 2% during the first quarter of 2019. Pre-tax margin excluding special items is projected in the range of 2.5-4.5% in the first quarter. Additionally, fuel costs are estimated between $1.97 and $2.02 per gallon in the first quarter. The company predicts first-quarter CASM to increase 4% year over year. Capacity is expected to grow approximately 1% in the first quarter of 2019.
2019 View
Adjusted earnings per share in 2019 are anticipated between $5.50 and $7.5. The Zacks Consensus Estimate for full-year earnings is currently pegged at $5.74 per share. The upbea t earnings guidance coupled with the bottom line outperformance pleased investors. Consequently, the stock gained in pre-market trading .
CASM (excluding fuel, new labor deals and special items) is expected to be at the upper end of the previously guided 1-2% range. The company's capex projection for the current year is pegged at $4.7 billion. Capacity is anticipated to expand approximately 3%.
Upcoming Releases
Investors interested in the Zacks Transportation Sector are keenly awaiting fourth-quarter 2018 earnings reports from key players like ArcBest Corporation ARCB , Allegiant Travel Company ALGT and SkyWest, Inc. SKYW . While ArcBest and Allegiant are scheduled to report fourth-quarter earnings on Jan 30, SkyWest will release the same on Jan 31.
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Allegiant Travel Company (ALGT): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
SkyWest, Inc. (SKYW): Free Stock Analysis Report
ArcBest Corporation (ARCB): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group 's AAL fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02. Click to get this free report Allegiant Travel Company (ALGT): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report ArcBest Corporation (ARCB): Get Free Report To read this article on Zacks.com click here. Consolidated load factor (percentage of seats filled by passengers) contracted 70 basis points to 81.4% as traffic growth was outpaced by capacity expansion.
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Click to get this free report Allegiant Travel Company (ALGT): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report ArcBest Corporation (ARCB): Get Free Report To read this article on Zacks.com click here. American Airlines Group 's AAL fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02. American Airlines Group Inc. Price, Consensus and EPS Surprise American Airlines Group Inc. Price, Consensus and EPS Surprise | American Airlines Group Inc. Quote Q1 Outlook TRASM is expected to either remain flat or increase up to 2% during the first quarter of 2019.
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American Airlines Group 's AAL fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02. Click to get this free report Allegiant Travel Company (ALGT): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report ArcBest Corporation (ARCB): Get Free Report To read this article on Zacks.com click here. American Airlines Group Inc. Price, Consensus and EPS Surprise American Airlines Group Inc. Price, Consensus and EPS Surprise | American Airlines Group Inc. Quote Q1 Outlook TRASM is expected to either remain flat or increase up to 2% during the first quarter of 2019.
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American Airlines Group 's AAL fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02. Click to get this free report Allegiant Travel Company (ALGT): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report ArcBest Corporation (ARCB): Get Free Report To read this article on Zacks.com click here. Total operating expenses (on a reported basis) climbed 4.2% year over year to $10,389 million due to the 19.6% surge in consolidated fuel costs.
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6704.0
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2019-01-24 00:00:00 UTC
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Chipmakers, airlines lift Nasdaq; trade worries stall S&P, Dow
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AAL
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https://www.nasdaq.com/articles/chipmakers-airlines-lift-nasdaq-trade-worries-stall-sp-dow-2019-01-24
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nan
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nan
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By Shreyashi Sanyal
Jan 24 () - A rally in shares of chipmakers and airlines lifted the Nasdaq on Thursday, while the Dow Jones industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever.
U.S. Commerce Secretary Wilbur Ross said the United States and China were a long way from resolving their trade dispute, but saw a fair chance of a deal. The two countries are trying to meet a March 1 deadline to resolve the dispute, which has roiled market for most of the past year.
Xilinx Inc shares surged 17.5 percent and Lam Research Corp jumped 14.6 percent after reporting better-than-expected results.
Apple supplier Texas Instruments Inc rose 6.3 percent after what analysts called better-than-feared results. The company however warned of weak demand in China, a key market for many chipmakers.
"Earnings so far have been a positive for markets," said Chris Larkin, senior vice president of trading at E-Trade Financial in New Jersey.
"But trade talks and the government shutdown are things that certainly impact markets. People react but no one actually knows what is going on and that in turn increases the volatility."
Adding to the cautious tone, European Central Bank President Mario Draghi acknowledged that economic growth in the euro zone was likely to be weaker than what was earlier expected due to the fallout from factors, including China's slowdown.
At 12:46 p.m. ET the Dow Jones Industrial Average was down 66.84 points, or 0.27 percent, at 24,508.78, the S&P 500 was down 2.42 points, or 0.09 percent, at 2,636.28 and the Nasdaq Composite was up 26.23 points, or 0.37 percent, at 7,052.00.
Five of the 11 major S&P sectors were lower, led by losses in the consumer staples and healthcare indexes. The biggest gainer was the technology index, up 0.79 percent
The Dow Jones Transports index, closely watched by investors to gauge the health of the economy, rose 0.95 percent after strong results from carriers. The index has outperformed Wall Street's three major indexes this year.
American Airlines Group, Southwest Airlines Co and JetBlue Airways Corp gained 5 percent each after reporting quarterly profits that beat analysts' expectations.
Southwest and JetBlue however said the partial U.S. government shutdown, now in its 34th day, was disruptive
McCormick & Co plunged 12.6 percent, the most on the S&P, after the seasonings maker's quarterly profit missed expectations.
Intel Corp climbed 3.6 percent and Starbucks Corp slipped 1.8 percent. Both companies are scheduled to report results after the closing bell.
Of the 97 S&P 500 companies that have reported fourth-quarter results, 75.3 percent have topped profit estimates, according to Refinitiv data.
But the earnings growth estimates for last quarter have dropped to 14.2 percent from 20.1 percent at the start of October, while 2019 profit growth estimates have come down to 5.8 percent from 10.2 percent in the same period.
Advancing issues outnumbered decliners by a 1.93-to-1 ratio on the NYSE and by a 1.46-to-1 ratio on the Nasdaq.
The S&P index recorded six new 52-week highs and one new low, while the Nasdaq recorded 14 new highs and 32 new lows.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Shreyashi Sanyal Jan 24 () - A rally in shares of chipmakers and airlines lifted the Nasdaq on Thursday, while the Dow Jones industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever. Adding to the cautious tone, European Central Bank President Mario Draghi acknowledged that economic growth in the euro zone was likely to be weaker than what was earlier expected due to the fallout from factors, including China's slowdown. Southwest and JetBlue however said the partial U.S. government shutdown, now in its 34th day, was disruptive McCormick & Co plunged 12.6 percent, the most on the S&P, after the seasonings maker's quarterly profit missed expectations.
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The biggest gainer was the technology index, up 0.79 percent The Dow Jones Transports index, closely watched by investors to gauge the health of the economy, rose 0.95 percent after strong results from carriers. American Airlines Group, Southwest Airlines Co and JetBlue Airways Corp gained 5 percent each after reporting quarterly profits that beat analysts' expectations. The S&P index recorded six new 52-week highs and one new low, while the Nasdaq recorded 14 new highs and 32 new lows.
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ET the Dow Jones Industrial Average was down 66.84 points, or 0.27 percent, at 24,508.78, the S&P 500 was down 2.42 points, or 0.09 percent, at 2,636.28 and the Nasdaq Composite was up 26.23 points, or 0.37 percent, at 7,052.00. The biggest gainer was the technology index, up 0.79 percent The Dow Jones Transports index, closely watched by investors to gauge the health of the economy, rose 0.95 percent after strong results from carriers. But the earnings growth estimates for last quarter have dropped to 14.2 percent from 20.1 percent at the start of October, while 2019 profit growth estimates have come down to 5.8 percent from 10.2 percent in the same period.
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The biggest gainer was the technology index, up 0.79 percent The Dow Jones Transports index, closely watched by investors to gauge the health of the economy, rose 0.95 percent after strong results from carriers. American Airlines Group, Southwest Airlines Co and JetBlue Airways Corp gained 5 percent each after reporting quarterly profits that beat analysts' expectations. Both companies are scheduled to report results after the closing bell.
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6705.0
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2019-01-24 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-McCormick, Urogen, Texas Instruments, Wave Life, U.S. airlines
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AAL
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https://www.nasdaq.com/articles/us-stocks-move-mccormick-urogen-texas-instruments-wave-life-us-airlines-2019-01-24
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The Day Ahead newsletter:
The Morning News Call newsletter:
The Dow Jones Industrial Average dipped on Thursday after U.S. Commerce Secretary Wilbur Ross said the United States and China were a long way from resolving their trade dispute, while a rally in chipmakers lifted the Nasdaq.
The top three S&P 500 percentage gainers:
** Xilinx Inc, up 18.8 pct
** Lam Research Corp, up 14 pct
** Applied Materials Inc, up 9.8 pct
The top three S&P 500 percentage losers:
** McCormick & Co Inc, down 12 pct
** Freeport-McMoRan Inc, down 7.3 pct
** Citrix Systems Inc, down 7.1 pct
The top three NYSE percentage gainers:
** Triumph Group Inc, up 28.6 pct
** Direxion Semiconductor Bull 3X Shares, up 15.9 pct
** Corporacion America Airports SA, up 13 pct
The top three NYSE percentage losers:
** Briggs & Stratton Corp, down 16.9 pct
** Direxion Semiconductor Bear 3X Shares, down 16.4 pct
** McCormick & Co Inc, down 12 pct
The top three Nasdaq percentage gainers:
** Phi Inc, up 27.6 pct
** Kazia Therapeutics Ltd, up 24.7 pct
** Toughbuilt Industries Inc, up 21.2 pct
The top three Nasdaq percentage losers:
** Apricus Biosciences Inc, down 25 pct
** Spi Energy Co Ltd, down 16.4 pct
** Boxlight Corp, down 15.5 pct
** Briggs & Stratton Corp: down 16.9 pct
Slides on earnings miss, lowered sales forecast
** Abbott Laboratories: down 0.3 pct
Street View: Tough comps hurt Abbott's sales growth
** McCormick & Co Inc: down 12.0 pct
Falls as profit outlook disappoints
** Urogen Pharma Ltd: down 10.8 pct
Plummets on deep-discounted stock offering
** Texas Instruments Inc: up 5.8 pct
Street View: TI sets tone for challenging semis earnings season
** Las Vegas Sands Corp: down 0.8 pct
Drops on disappointing quarterly profit, revenue
** Capricor Therapeutics Inc: up 5.0 pct
Jumps on new data from early trial of Duchenne drug
** Wave Life Sciences Ltd: down 12.7 pct
Falls on share offering plan
** Southwest Airlines Co: up 4.9 pct
** JetBlue Airways Corp: up 5.2 pct
** American Airlines Group Inc: up 5.8 pct
** Alaska Air Group Inc: up 3.1 pct
U.S. airlines: Rise on strong outlook, Q4 results beat
** Palo Alto Networks Inc: up 1.7 pct
Wedbush upgrades to 'outperform', says growth looks robust in 2019
** Wave Life Sciences Ltd: down 12.7 pct
Falls on $150 mln stock offering
** Canada Goose Holdings Inc: down 9.4 pct
Falls as Wells Fargo downgrades company
** Huntington Bancshares Inc: down 1.4 pct
Down on profit miss
** Freeport-McMoRan Inc: down 7.3 pct
Lower copper prices take shine off Q4 results
** Citrix Systems Inc: down 7.1 pct
Slides after bleak forecast; analysts uncomfortable on cloud transition
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: The Dow Jones Industrial Average dipped on Thursday after U.S. Commerce Secretary Wilbur Ross said the United States and China were a long way from resolving their trade dispute, while a rally in chipmakers lifted the Nasdaq. The top three S&P 500 percentage gainers: ** Xilinx Inc, up 18.8 pct ** Lam Research Corp, up 14 pct ** Applied Materials Inc, up 9.8 pct The top three S&P 500 percentage losers: ** McCormick & Co Inc, down 12 pct ** Freeport-McMoRan Inc, down 7.3 pct ** Citrix Systems Inc, down 7.1 pct The top three NYSE percentage gainers: ** Triumph Group Inc, up 28.6 pct ** Direxion Semiconductor Bull 3X Shares, up 15.9 pct ** Corporacion America Airports SA, up 13 pct The top three NYSE percentage losers: ** Briggs & Stratton Corp, down 16.9 pct ** Direxion Semiconductor Bear 3X Shares, down 16.4 pct ** McCormick & Co Inc, down 12 pct The top three Nasdaq percentage gainers: ** Phi Inc, up 27.6 pct ** Kazia Therapeutics Ltd, up 24.7 pct ** Toughbuilt Industries Inc, up 21.2 pct The top three Nasdaq percentage losers: ** Apricus Biosciences Inc, down 25 pct ** Spi Energy Co Ltd, down 16.4 pct ** Boxlight Corp, down 15.5 pct ** Briggs & Stratton Corp: down 16.9 pct Slides on earnings miss, lowered sales forecast ** Abbott Laboratories: down 0.3 pct Street View: Tough comps hurt Abbott's sales growth ** McCormick & Co Inc: down 12.0 pct Falls as profit outlook disappoints ** Urogen Pharma Ltd: down 10.8 pct Plummets on deep-discounted stock offering ** Texas Instruments Inc: up 5.8 pct Street View: TI sets tone for challenging semis earnings season ** Las Vegas Sands Corp: down 0.8 pct Drops on disappointing quarterly profit, revenue ** Capricor Therapeutics Inc: up 5.0 pct Jumps on new data from early trial of Duchenne drug ** Wave Life Sciences Ltd: down 12.7 pct Falls on share offering plan ** Southwest Airlines Co: up 4.9 pct ** JetBlue Airways Corp: up 5.2 pct ** American Airlines Group Inc: up 5.8 pct ** Alaska Air Group Inc: up 3.1 pct U.S. airlines: Rise on strong outlook, Q4 results beat ** Palo Alto Networks Inc: up 1.7 pct Wedbush upgrades to 'outperform', says growth looks robust in 2019 ** Wave Life Sciences Ltd: down 12.7 pct Falls on $150 mln stock offering ** Canada Goose Holdings Inc: down 9.4 pct Falls as Wells Fargo downgrades company ** Huntington Bancshares Inc: down 1.4 pct Down on profit miss ** Freeport-McMoRan Inc: down 7.3 pct Lower copper prices take shine off Q4 results ** Citrix Systems Inc: down 7.1 pct Slides after bleak forecast; analysts uncomfortable on cloud transition The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: The Dow Jones Industrial Average dipped on Thursday after U.S. Commerce Secretary Wilbur Ross said the United States and China were a long way from resolving their trade dispute, while a rally in chipmakers lifted the Nasdaq. The top three S&P 500 percentage gainers: ** Xilinx Inc, up 18.8 pct ** Lam Research Corp, up 14 pct ** Applied Materials Inc, up 9.8 pct The top three S&P 500 percentage losers: ** McCormick & Co Inc, down 12 pct ** Freeport-McMoRan Inc, down 7.3 pct ** Citrix Systems Inc, down 7.1 pct The top three NYSE percentage gainers: ** Triumph Group Inc, up 28.6 pct ** Direxion Semiconductor Bull 3X Shares, up 15.9 pct ** Corporacion America Airports SA, up 13 pct The top three NYSE percentage losers: ** Briggs & Stratton Corp, down 16.9 pct ** Direxion Semiconductor Bear 3X Shares, down 16.4 pct ** McCormick & Co Inc, down 12 pct The top three Nasdaq percentage gainers: ** Phi Inc, up 27.6 pct ** Kazia Therapeutics Ltd, up 24.7 pct ** Toughbuilt Industries Inc, up 21.2 pct The top three Nasdaq percentage losers: ** Apricus Biosciences Inc, down 25 pct ** Spi Energy Co Ltd, down 16.4 pct ** Boxlight Corp, down 15.5 pct ** Briggs & Stratton Corp: down 16.9 pct Slides on earnings miss, lowered sales forecast ** Abbott Laboratories: down 0.3 pct Street View: Tough comps hurt Abbott's sales growth ** McCormick & Co Inc: down 12.0 pct Falls as profit outlook disappoints ** Urogen Pharma Ltd: down 10.8 pct Plummets on deep-discounted stock offering ** Texas Instruments Inc: up 5.8 pct Street View: TI sets tone for challenging semis earnings season ** Las Vegas Sands Corp: down 0.8 pct Drops on disappointing quarterly profit, revenue ** Capricor Therapeutics Inc: up 5.0 pct Jumps on new data from early trial of Duchenne drug ** Wave Life Sciences Ltd: down 12.7 pct Falls on share offering plan ** Southwest Airlines Co: up 4.9 pct ** JetBlue Airways Corp: up 5.2 pct ** American Airlines Group Inc: up 5.8 pct ** Alaska Air Group Inc: up 3.1 pct U.S. airlines: Rise on strong outlook, Q4 results beat ** Palo Alto Networks Inc: up 1.7 pct Wedbush upgrades to 'outperform', says growth looks robust in 2019 ** Wave Life Sciences Ltd: down 12.7 pct Falls on $150 mln stock offering ** Canada Goose Holdings Inc: down 9.4 pct Falls as Wells Fargo downgrades company ** Huntington Bancshares Inc: down 1.4 pct Down on profit miss ** Freeport-McMoRan Inc: down 7.3 pct Lower copper prices take shine off Q4 results ** Citrix Systems Inc: down 7.1 pct Slides after bleak forecast; analysts uncomfortable on cloud transition The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: The Dow Jones Industrial Average dipped on Thursday after U.S. Commerce Secretary Wilbur Ross said the United States and China were a long way from resolving their trade dispute, while a rally in chipmakers lifted the Nasdaq. The top three S&P 500 percentage gainers: ** Xilinx Inc, up 18.8 pct ** Lam Research Corp, up 14 pct ** Applied Materials Inc, up 9.8 pct The top three S&P 500 percentage losers: ** McCormick & Co Inc, down 12 pct ** Freeport-McMoRan Inc, down 7.3 pct ** Citrix Systems Inc, down 7.1 pct The top three NYSE percentage gainers: ** Triumph Group Inc, up 28.6 pct ** Direxion Semiconductor Bull 3X Shares, up 15.9 pct ** Corporacion America Airports SA, up 13 pct The top three NYSE percentage losers: ** Briggs & Stratton Corp, down 16.9 pct ** Direxion Semiconductor Bear 3X Shares, down 16.4 pct ** McCormick & Co Inc, down 12 pct The top three Nasdaq percentage gainers: ** Phi Inc, up 27.6 pct ** Kazia Therapeutics Ltd, up 24.7 pct ** Toughbuilt Industries Inc, up 21.2 pct The top three Nasdaq percentage losers: ** Apricus Biosciences Inc, down 25 pct ** Spi Energy Co Ltd, down 16.4 pct ** Boxlight Corp, down 15.5 pct ** Briggs & Stratton Corp: down 16.9 pct Slides on earnings miss, lowered sales forecast ** Abbott Laboratories: down 0.3 pct Street View: Tough comps hurt Abbott's sales growth ** McCormick & Co Inc: down 12.0 pct Falls as profit outlook disappoints ** Urogen Pharma Ltd: down 10.8 pct Plummets on deep-discounted stock offering ** Texas Instruments Inc: up 5.8 pct Street View: TI sets tone for challenging semis earnings season ** Las Vegas Sands Corp: down 0.8 pct Drops on disappointing quarterly profit, revenue ** Capricor Therapeutics Inc: up 5.0 pct Jumps on new data from early trial of Duchenne drug ** Wave Life Sciences Ltd: down 12.7 pct Falls on share offering plan ** Southwest Airlines Co: up 4.9 pct ** JetBlue Airways Corp: up 5.2 pct ** American Airlines Group Inc: up 5.8 pct ** Alaska Air Group Inc: up 3.1 pct U.S. airlines: Rise on strong outlook, Q4 results beat ** Palo Alto Networks Inc: up 1.7 pct Wedbush upgrades to 'outperform', says growth looks robust in 2019 ** Wave Life Sciences Ltd: down 12.7 pct Falls on $150 mln stock offering ** Canada Goose Holdings Inc: down 9.4 pct Falls as Wells Fargo downgrades company ** Huntington Bancshares Inc: down 1.4 pct Down on profit miss ** Freeport-McMoRan Inc: down 7.3 pct Lower copper prices take shine off Q4 results ** Citrix Systems Inc: down 7.1 pct Slides after bleak forecast; analysts uncomfortable on cloud transition The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: The Dow Jones Industrial Average dipped on Thursday after U.S. Commerce Secretary Wilbur Ross said the United States and China were a long way from resolving their trade dispute, while a rally in chipmakers lifted the Nasdaq. The top three S&P 500 percentage gainers: ** Xilinx Inc, up 18.8 pct ** Lam Research Corp, up 14 pct ** Applied Materials Inc, up 9.8 pct The top three S&P 500 percentage losers: ** McCormick & Co Inc, down 12 pct ** Freeport-McMoRan Inc, down 7.3 pct ** Citrix Systems Inc, down 7.1 pct The top three NYSE percentage gainers: ** Triumph Group Inc, up 28.6 pct ** Direxion Semiconductor Bull 3X Shares, up 15.9 pct ** Corporacion America Airports SA, up 13 pct The top three NYSE percentage losers: ** Briggs & Stratton Corp, down 16.9 pct ** Direxion Semiconductor Bear 3X Shares, down 16.4 pct ** McCormick & Co Inc, down 12 pct The top three Nasdaq percentage gainers: ** Phi Inc, up 27.6 pct ** Kazia Therapeutics Ltd, up 24.7 pct ** Toughbuilt Industries Inc, up 21.2 pct The top three Nasdaq percentage losers: ** Apricus Biosciences Inc, down 25 pct ** Spi Energy Co Ltd, down 16.4 pct ** Boxlight Corp, down 15.5 pct ** Briggs & Stratton Corp: down 16.9 pct Slides on earnings miss, lowered sales forecast ** Abbott Laboratories: down 0.3 pct Street View: Tough comps hurt Abbott's sales growth ** McCormick & Co Inc: down 12.0 pct Falls as profit outlook disappoints ** Urogen Pharma Ltd: down 10.8 pct Plummets on deep-discounted stock offering ** Texas Instruments Inc: up 5.8 pct Street View: TI sets tone for challenging semis earnings season ** Las Vegas Sands Corp: down 0.8 pct Drops on disappointing quarterly profit, revenue ** Capricor Therapeutics Inc: up 5.0 pct Jumps on new data from early trial of Duchenne drug ** Wave Life Sciences Ltd: down 12.7 pct Falls on share offering plan ** Southwest Airlines Co: up 4.9 pct ** JetBlue Airways Corp: up 5.2 pct ** American Airlines Group Inc: up 5.8 pct ** Alaska Air Group Inc: up 3.1 pct U.S. airlines: Rise on strong outlook, Q4 results beat ** Palo Alto Networks Inc: up 1.7 pct Wedbush upgrades to 'outperform', says growth looks robust in 2019 ** Wave Life Sciences Ltd: down 12.7 pct Falls on $150 mln stock offering ** Canada Goose Holdings Inc: down 9.4 pct Falls as Wells Fargo downgrades company ** Huntington Bancshares Inc: down 1.4 pct Down on profit miss ** Freeport-McMoRan Inc: down 7.3 pct Lower copper prices take shine off Q4 results ** Citrix Systems Inc: down 7.1 pct Slides after bleak forecast; analysts uncomfortable on cloud transition The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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6706.0
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2019-01-24 00:00:00 UTC
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Solid Q4 and Upbeat Guidance Offset Uncertainty as American Airlines Shares Move 6% Higher
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AAL
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https://www.nasdaq.com/articles/solid-q4-and-upbeat-guidance-offset-uncertainty-american-airlines-shares-move-6-higher
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What happened?
Shares of American Airlines Group (NASDAQ: AAL) , an airline operator offering nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries, are trading 6% higher Thursday as of 10:57 a.m. EST after management released fourth-quarter results.
So what
Following solid reports from rivals Delta Air Lines and United Airlines earlier this month, American Airlines topped analysts' estimates for the fourth-quarter and released 2019 guidance that also topped forecasts. Total operating revenue increased 3.1% to $10.94 billion, and net income, excluding special items, jumped 8.3% to $481 million. That translated to $1.04 per share, which was good enough to top analysts' call for $1.01 per share. The solid results, despite prior warnings , were due to higher fares and stronger passenger demand, and they provide healthy momentum.
"We enter 2019 with great momentum. We are intent upon running the most reliable operation in our post-merger history, pursuing high margin growth opportunities at our most profitable hubs, and executing on a number of valuable revenue and cost saving initiatives," said Chairman and CEO Doug Parker in a press release.
Now what
Looking ahead, management expects total revenue per available seat mile to grow faster than that of its network competitors. At the midpoint of its 2019 guidance, earnings per share would increase roughly 40% compared to 2018.
Despite the upbeat guidance, investors have to consider the uncertainty surrounding the government shutdown, which could send ripple effects throughout the industry. Southwest Airlines noted the shutdown had knocked between $10 million and $15 million off its January revenue, as airlines saw the hiatus impacting 0- to 14-day bookings.
Fortunately, if the government can rectify its situation, airlines should have less concern about slowing global economic growth, and that's good news on top of solid fourth-quarter results.
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Daniel Miller has no position in any of the stocks mentioned. The Motley Fool owns shares of and 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of American Airlines Group (NASDAQ: AAL) , an airline operator offering nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries, are trading 6% higher Thursday as of 10:57 a.m. EST after management released fourth-quarter results. The solid results, despite prior warnings , were due to higher fares and stronger passenger demand, and they provide healthy momentum. We are intent upon running the most reliable operation in our post-merger history, pursuing high margin growth opportunities at our most profitable hubs, and executing on a number of valuable revenue and cost saving initiatives," said Chairman and CEO Doug Parker in a press release.
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Shares of American Airlines Group (NASDAQ: AAL) , an airline operator offering nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries, are trading 6% higher Thursday as of 10:57 a.m. EST after management released fourth-quarter results. So what Following solid reports from rivals Delta Air Lines and United Airlines earlier this month, American Airlines topped analysts' estimates for the fourth-quarter and released 2019 guidance that also topped forecasts. Total operating revenue increased 3.1% to $10.94 billion, and net income, excluding special items, jumped 8.3% to $481 million.
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Shares of American Airlines Group (NASDAQ: AAL) , an airline operator offering nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries, are trading 6% higher Thursday as of 10:57 a.m. EST after management released fourth-quarter results. So what Following solid reports from rivals Delta Air Lines and United Airlines earlier this month, American Airlines topped analysts' estimates for the fourth-quarter and released 2019 guidance that also topped forecasts. 10 stocks we like better than American Airlines Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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Shares of American Airlines Group (NASDAQ: AAL) , an airline operator offering nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries, are trading 6% higher Thursday as of 10:57 a.m. EST after management released fourth-quarter results. That translated to $1.04 per share, which was good enough to top analysts' call for $1.01 per share. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.
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6707.0
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2019-01-24 00:00:00 UTC
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Small group of Prodeco's Colombia coal port workers to vote on strike
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AAL
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https://www.nasdaq.com/articles/small-group-prodecos-colombia-coal-port-workers-vote-strike-2019-01-24
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BOGOTA, Jan 24 (Reuters) - Coal exports from Grupo Prodeco's port in Colombia are proceeding normally despite the possibility a small group of unionized workers may vote to strike over pay and labor conditions, the company said on Thursday.
Prodeco, a subsidiary of Switzerland'sGlencore, is the third-largest producer of thermal coal in the Andean country.
Only three of the 115 workers at the Puerto Nuevo port are members of the union - Sintracarbon - which has called for the vote on a potential strike, the company said.
"It is improbable that a strike would have an impact on total exports," Prodeco added. The dispute does not involve workers at the company's mines in northeastern Cesar province.
Legal strikes generally require more than half of workers to vote in favor of a stoppage.
The company has been pressing workers not to participate in the vote, Aldo Amaya, the head of the union said, adding that results will come on Friday.
The union is asking for an annual salary increase of inflation plus 2 percent and housing, health and education benefits, even though it is already signed on to a contract valid through 2023.
The current contract stipulates annual raises of inflation plus 0.42 percent. Inflation was 3.18 percent in Colombia in 2018.
Prodeco employs more than 2,500 people. Its Calenturitas and La Jagua mines produced some 11.7 million tonnes of coal in 2018.
The company's coal is transported by train to Puerto Nuevo, where it is shipped to Europe, Asia and the United States.
Besides Prodeco, the biggest players in Colombia's coal industry are Drummond Co Inc, Murray Energy Corp's Colombia Natural Resources, and Cerrejon, which is jointly owned by BHP Billiton, Anglo American Plc and Glencore.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BOGOTA, Jan 24 (Reuters) - Coal exports from Grupo Prodeco's port in Colombia are proceeding normally despite the possibility a small group of unionized workers may vote to strike over pay and labor conditions, the company said on Thursday. Only three of the 115 workers at the Puerto Nuevo port are members of the union - Sintracarbon - which has called for the vote on a potential strike, the company said. The union is asking for an annual salary increase of inflation plus 2 percent and housing, health and education benefits, even though it is already signed on to a contract valid through 2023.
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BOGOTA, Jan 24 (Reuters) - Coal exports from Grupo Prodeco's port in Colombia are proceeding normally despite the possibility a small group of unionized workers may vote to strike over pay and labor conditions, the company said on Thursday. Only three of the 115 workers at the Puerto Nuevo port are members of the union - Sintracarbon - which has called for the vote on a potential strike, the company said. "It is improbable that a strike would have an impact on total exports," Prodeco added.
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BOGOTA, Jan 24 (Reuters) - Coal exports from Grupo Prodeco's port in Colombia are proceeding normally despite the possibility a small group of unionized workers may vote to strike over pay and labor conditions, the company said on Thursday. Only three of the 115 workers at the Puerto Nuevo port are members of the union - Sintracarbon - which has called for the vote on a potential strike, the company said. Besides Prodeco, the biggest players in Colombia's coal industry are Drummond Co Inc, Murray Energy Corp's Colombia Natural Resources, and Cerrejon, which is jointly owned by BHP Billiton, Anglo American Plc and Glencore.
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Only three of the 115 workers at the Puerto Nuevo port are members of the union - Sintracarbon - which has called for the vote on a potential strike, the company said. Inflation was 3.18 percent in Colombia in 2018. Its Calenturitas and La Jagua mines produced some 11.7 million tonnes of coal in 2018.
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6708.0
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2019-01-24 00:00:00 UTC
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Mid-Day Update: Wall Street Left Directionless as Trade Headlines Offset Strong Chipmaker Results
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AAL
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https://www.nasdaq.com/articles/mid-day-update-wall-street-left-directionless-trade-headlines-offset-strong-chipmaker
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Wall Street's benchmark averages were struggling for direction on Thursday as a flurry of headlines and gloomy global economic data overshadowed strong quarterly results from the chipmaker and airline industry. Heavy losses in consumer staples were weighing on the Dow Jones Industrial Average while the Nasdaq Composite is staying above water on strength in semiconductors.
Selling erupted before the open on Commerce Secretary Wilbur Ross's now infamous quote that US and China are "miles and miles away" from a trade resolution. While Ross's remark was intended to underscore the complexity of a mutually beneficial trade deal, it torpedoed the earnings-fueled uptrade, sending the Dow and S&P 500 into the red, at least for a while.
Compounding the negative price action was European Central Bank president Mario Draghi's warnings about downside risks to the EU economy that trailed bearish European PMIs, specifically the German manufacturing PMI that fell into contractionary mode for the first time in five years. Draghi said that headwinds from trade tensions, geopolitics and Brexit have precluded any possibility for the ECB to alter monetary policy until at least after the summer.
On the earnings front, upbeat results from Switzerland's STMicroelectronics ( STM ), Lam Research ( LRCX ) and Xilinx ( XLNX ), along with results from American Airlines ( AAL ), JetBlue ( JBLU ) and Southwest (LUV) helped prop up markets earlier but could not deflect the bearish undertones that weighed on the remaining sectors of the S&P 500.
Economic data was a mixed bag. Initial jobless claims fell 13,000 to their lowest level in 49 years; the preliminary manufacturing PMI for January rose to a two-month high of 54.9, while the services sector dropped to a four-month low of 54.2; leading economic indicators contracted by 0.1%; and the Kansas City Fed manufacturing index improved to 5.0 from 3.0 in December.
Crude oil was up $0.49 to $53.11 per barrel. Natural gas was up $0.15 to $3.13 per 1 million BTU. Gold was down $3.00 to $1,281.00 an ounce, while silver was down $0.06 to $15.32 an ounce. Copper was down $0.01 to $2.64 per pound.
Among energy ETFs, the United States Oil Fund was up 1.36% to $11.20 with the United States Natural Gas Fund up 2.20% to $26.87. Among precious-metal funds, the Market Vectors Gold Miners ETF was down 0.08% to 20.51 while SPDR Gold Shares were down 0.08% to $121.18. The iShares Silver Trust was down 0.31% to $14.38.
Here's where the markets stand at mid-day:
US MARKETS
NYSE Composite Index was up 13.14 points (+0.11%) to 12,034.07
Dow Jones Industrial Index was down 41.80 points (-0.18%) to 24,529.49
S&P 500 was up 2.68 points (+0.10%) to 2,641.38
Nasdaq Composite Index was up 40.94 points (+0.58%) to 7,066.70
GLOBAL SENTIMENT
FTSE 100 was down 25.66 points (-0.37%) to 6,817.22
DAX was up 24.63 points (+0.22%) to 11,096.17
CAC 40 was up 21.25 points (+0.44%) to 4,861.63
Nikkei 225 was down 19.09 points (-0.09%) to 20,574.63
Hang Seng Index was up 112.78 points (+0.42%) to 27,120.98
Shanghai China Composite Index was up 10.69 points (+0.41%) to 2,591.69
NYSE SECTOR INDICES
NYSE Energy Sector Index was up 106.46 points (+1.05%) to 10,115.23
NYSE Financial Sector Index was up 26.40 points (+0.35%) to 7,512.44
NYSE Healthcare Sector Index was down 130.37 points (-0.84%) to 15,337.48
UPSIDE MOVERS
(+) XLNX (+18.16%) Beat Q3 estimates and issued strong Q4 guidance
(+) STM (+11.32%) Reported better-than-expected quarterly results
(+) SLM (+10.70%) Q4 EPS beat expectations
DOWNSIDE MOVERS:
(-) BGG (-14.73%) Q2 results missed expectations, lowered FY19 guidance
(-) MKC (-12.53%) Reported weaker-than-expected Q4 results and issued weak FY19 EPS guidance
(-) URGN (-10.55%) Priced 3.6 mln share offering at $41 per share
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the earnings front, upbeat results from Switzerland's STMicroelectronics ( STM ), Lam Research ( LRCX ) and Xilinx ( XLNX ), along with results from American Airlines ( AAL ), JetBlue ( JBLU ) and Southwest (LUV) helped prop up markets earlier but could not deflect the bearish undertones that weighed on the remaining sectors of the S&P 500. Wall Street's benchmark averages were struggling for direction on Thursday as a flurry of headlines and gloomy global economic data overshadowed strong quarterly results from the chipmaker and airline industry. Heavy losses in consumer staples were weighing on the Dow Jones Industrial Average while the Nasdaq Composite is staying above water on strength in semiconductors.
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On the earnings front, upbeat results from Switzerland's STMicroelectronics ( STM ), Lam Research ( LRCX ) and Xilinx ( XLNX ), along with results from American Airlines ( AAL ), JetBlue ( JBLU ) and Southwest (LUV) helped prop up markets earlier but could not deflect the bearish undertones that weighed on the remaining sectors of the S&P 500. NYSE Energy Sector Index was up 106.46 points (+1.05%) to 10,115.23 NYSE Financial Sector Index was up 26.40 points (+0.35%) to 7,512.44 NYSE Healthcare Sector Index was down 130.37 points (-0.84%) to 15,337.48 (+) XLNX (+18.16%) Beat Q3 estimates and issued strong Q4 guidance (+) STM (+11.32%) Reported better-than-expected quarterly results (+) SLM (+10.70%) Q4 EPS beat expectations
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On the earnings front, upbeat results from Switzerland's STMicroelectronics ( STM ), Lam Research ( LRCX ) and Xilinx ( XLNX ), along with results from American Airlines ( AAL ), JetBlue ( JBLU ) and Southwest (LUV) helped prop up markets earlier but could not deflect the bearish undertones that weighed on the remaining sectors of the S&P 500. NYSE Composite Index was up 13.14 points (+0.11%) to 12,034.07 Dow Jones Industrial Index was down 41.80 points (-0.18%) to 24,529.49 S&P 500 was up 2.68 points (+0.10%) to 2,641.38 Nasdaq Composite Index was up 40.94 points (+0.58%) to 7,066.70 FTSE 100 was down 25.66 points (-0.37%) to 6,817.22 DAX was up 24.63 points (+0.22%) to 11,096.17 CAC 40 was up 21.25 points (+0.44%) to 4,861.63 Nikkei 225 was down 19.09 points (-0.09%) to 20,574.63 Hang Seng Index was up 112.78 points (+0.42%) to 27,120.98 Shanghai China Composite Index was up 10.69 points (+0.41%) to 2,591.69
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On the earnings front, upbeat results from Switzerland's STMicroelectronics ( STM ), Lam Research ( LRCX ) and Xilinx ( XLNX ), along with results from American Airlines ( AAL ), JetBlue ( JBLU ) and Southwest (LUV) helped prop up markets earlier but could not deflect the bearish undertones that weighed on the remaining sectors of the S&P 500. Among energy ETFs, the United States Oil Fund was up 1.36% to $11.20 with the United States Natural Gas Fund up 2.20% to $26.87. Among precious-metal funds, the Market Vectors Gold Miners ETF was down 0.08% to 20.51 while SPDR Gold Shares were down 0.08% to $121.18.
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6709.0
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2019-01-24 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Triumph, Freeport, McCormick, Canada Goose
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AAL
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https://www.nasdaq.com/articles/us-stocks-move-triumph-freeport-mccormick-canada-goose-2019-01-24
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
A rally in shares of chipmakers and airlines lifted the Nasdaq on Thursday, while the Dow Industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever.
The top three S&P 500 percentage gainers:
** Xilinx Inc , up 18.8 pct
** Lam Research Corp , up 14.8 pct
** Applied Materials Inc, up 9.8 pct
The top three S&P 500 percentage losers:
** McCormick & Co Inc , down 12.7 pct
** Freeport-McMoRan Inc , down 8.8 pct
** Citrix Systems Inc , down 7.2 pct
The top three NYSE percentage gainers:
** Triumph Group Inc , up 30.7 pct
** Direxion Semiconductor Bull 3X Shares , up 18 pct
** Invacare Corp, up 13.3 pct
The top three NYSE percentage losers:
** Direxion Semiconductor Bear 3X Shares , down 17.8 pct
** Briggs & Stratton Corp, down 15.8 pct
** Mccormick & Co , down 12.7 pct
The top three Nasdaq percentage gainers:
** Toughbuilt Industries Inc , up 28.6 pct
** vTv Therapeutics Inc , up 19.3 pct
** Kazia Therapeutics Ltd , up 19 pct
The top three Nasdaq percentage losers:
** Apricus Biosciences Inc, down 35.6 pct
** SPI Energy Co Ltd, down 19.2 pct
** Nucana Plc , down 17.9 pct
** Freeport-McMoRan Inc: down 8.8 pct
Lower copper prices take shine off Q4 results
** Triumph Group Inc: up 30.7 pct
Soars as Bombardier buys wing-making unit
** Bristol-Myers Squibb Co: down 0.1 pct
Falls on withdrawal of U.S. application for combo lung cancer treatment
** Briggs & Stratton Corp: down 15.8 pct
Slides on earnings miss, lowered sales forecast
** McCormick & Co Inc: down 12.7 pct
Set for worst day in 13 years as profit forecast disappoints
** Urogen Pharma Ltd: down 10.7 pct
Plummets on deep-discounted stock offering
** Texas Instruments Inc: up 7.2 pct
** Xilinx Inc: up 18.8 pct
** Lam Research Corp: up 14.7 pct
** Teradyne Inc: up 15.5 pct
** Applied Materials Inc: up 9.8 pct
** Micron Technology Inc: up 8.5 pct
** Nvidia Corp: up 4.9 pct
** Intel Corp: up 3.7 pct
** Qualcomm Inc: down 1.5 pct
Street View: TI sets tone for challenging semis earnings season
Chips heat up on quarterly beats; Intel on deck
** Las Vegas Sands Corp: down 1.0 pct
Drops on disappointing quarterly profit, revenue
** Capricor Therapeutics Inc: up 3.1 pct
Jumps on new data from early trial of Duchenne drug
** Wave Life Sciences Ltd: down 11.4 pct
Falls on share offering plan
** Southwest Airlines Co: up 4.7 pct
** JetBlue Airways Corp: up 5.2 pct
** American Airlines Group Inc: up 5.5 pct
** Alaska Air Group Inc: up 3.3 pct
U.S. airlines: Rise on strong outlook, Q4 results beat
** Palo Alto Networks Inc: up 2.5 pct
Wedbush upgrades to 'outperform', says growth looks robust in 2019
** Wave Life Sciences Ltd: down 11.4 pct
Falls on $150 mln stock offering
** Canada Goose Holdings Inc: down 11.0 pct
Falls as Wells Fargo downgrades company
** Huntington Bancshares Inc: down 1.6 pct
Down on profit miss
** Citrix Systems Inc: down 7.2 pct
Slides after bleak forecast; analysts uncomfortable on cloud transition
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: A rally in shares of chipmakers and airlines lifted the Nasdaq on Thursday, while the Dow Industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever. The top three S&P 500 percentage gainers: ** Xilinx Inc , up 18.8 pct ** Lam Research Corp , up 14.8 pct ** Applied Materials Inc, up 9.8 pct The top three S&P 500 percentage losers: ** McCormick & Co Inc , down 12.7 pct ** Freeport-McMoRan Inc , down 8.8 pct ** Citrix Systems Inc , down 7.2 pct The top three NYSE percentage gainers: ** Triumph Group Inc , up 30.7 pct ** Direxion Semiconductor Bull 3X Shares , up 18 pct ** Invacare Corp, up 13.3 pct The top three NYSE percentage losers: ** Direxion Semiconductor Bear 3X Shares , down 17.8 pct ** Briggs & Stratton Corp, down 15.8 pct ** Mccormick & Co , down 12.7 pct The top three Nasdaq percentage gainers: ** Toughbuilt Industries Inc , up 28.6 pct ** vTv Therapeutics Inc , up 19.3 pct ** Kazia Therapeutics Ltd , up 19 pct The top three Nasdaq percentage losers: ** Apricus Biosciences Inc, down 35.6 pct ** SPI Energy Co Ltd, down 19.2 pct ** Nucana Plc , down 17.9 pct ** Freeport-McMoRan Inc: down 8.8 pct Lower copper prices take shine off Q4 results ** Triumph Group Inc: up 30.7 pct Soars as Bombardier buys wing-making unit ** Bristol-Myers Squibb Co: down 0.1 pct Falls on withdrawal of U.S. application for combo lung cancer treatment ** Briggs & Stratton Corp: down 15.8 pct Slides on earnings miss, lowered sales forecast ** McCormick & Co Inc: down 12.7 pct Set for worst day in 13 years as profit forecast disappoints ** Urogen Pharma Ltd: down 10.7 pct Plummets on deep-discounted stock offering ** Texas Instruments Inc: up 7.2 pct ** Xilinx Inc: up 18.8 pct ** Lam Research Corp: up 14.7 pct ** Teradyne Inc: up 15.5 pct ** Applied Materials Inc: up 9.8 pct ** Micron Technology Inc: up 8.5 pct ** Nvidia Corp: up 4.9 pct ** Intel Corp: up 3.7 pct ** Qualcomm Inc: down 1.5 pct Street View: TI sets tone for challenging semis earnings season Chips heat up on quarterly beats; Intel on deck ** Las Vegas Sands Corp: down 1.0 pct Drops on disappointing quarterly profit, revenue ** Capricor Therapeutics Inc: up 3.1 pct Jumps on new data from early trial of Duchenne drug ** Wave Life Sciences Ltd: down 11.4 pct Falls on share offering plan ** Southwest Airlines Co: up 4.7 pct ** JetBlue Airways Corp: up 5.2 pct ** American Airlines Group Inc: up 5.5 pct ** Alaska Air Group Inc: up 3.3 pct U.S. airlines: Rise on strong outlook, Q4 results beat ** Palo Alto Networks Inc: up 2.5 pct Wedbush upgrades to 'outperform', says growth looks robust in 2019 ** Wave Life Sciences Ltd: down 11.4 pct Falls on $150 mln stock offering ** Canada Goose Holdings Inc: down 11.0 pct Falls as Wells Fargo downgrades company ** Huntington Bancshares Inc: down 1.6 pct Down on profit miss ** Citrix Systems Inc: down 7.2 pct Slides after bleak forecast; analysts uncomfortable on cloud transition The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: A rally in shares of chipmakers and airlines lifted the Nasdaq on Thursday, while the Dow Industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever. The top three S&P 500 percentage gainers: ** Xilinx Inc , up 18.8 pct ** Lam Research Corp , up 14.8 pct ** Applied Materials Inc, up 9.8 pct The top three S&P 500 percentage losers: ** McCormick & Co Inc , down 12.7 pct ** Freeport-McMoRan Inc , down 8.8 pct ** Citrix Systems Inc , down 7.2 pct The top three NYSE percentage gainers: ** Triumph Group Inc , up 30.7 pct ** Direxion Semiconductor Bull 3X Shares , up 18 pct ** Invacare Corp, up 13.3 pct The top three NYSE percentage losers: ** Direxion Semiconductor Bear 3X Shares , down 17.8 pct ** Briggs & Stratton Corp, down 15.8 pct ** Mccormick & Co , down 12.7 pct The top three Nasdaq percentage gainers: ** Toughbuilt Industries Inc , up 28.6 pct ** vTv Therapeutics Inc , up 19.3 pct ** Kazia Therapeutics Ltd , up 19 pct The top three Nasdaq percentage losers: ** Apricus Biosciences Inc, down 35.6 pct ** SPI Energy Co Ltd, down 19.2 pct ** Nucana Plc , down 17.9 pct ** Freeport-McMoRan Inc: down 8.8 pct Lower copper prices take shine off Q4 results ** Triumph Group Inc: up 30.7 pct Soars as Bombardier buys wing-making unit ** Bristol-Myers Squibb Co: down 0.1 pct Falls on withdrawal of U.S. application for combo lung cancer treatment ** Briggs & Stratton Corp: down 15.8 pct Slides on earnings miss, lowered sales forecast ** McCormick & Co Inc: down 12.7 pct Set for worst day in 13 years as profit forecast disappoints ** Urogen Pharma Ltd: down 10.7 pct Plummets on deep-discounted stock offering ** Texas Instruments Inc: up 7.2 pct ** Xilinx Inc: up 18.8 pct ** Lam Research Corp: up 14.7 pct ** Teradyne Inc: up 15.5 pct ** Applied Materials Inc: up 9.8 pct ** Micron Technology Inc: up 8.5 pct ** Nvidia Corp: up 4.9 pct ** Intel Corp: up 3.7 pct ** Qualcomm Inc: down 1.5 pct Street View: TI sets tone for challenging semis earnings season Chips heat up on quarterly beats; Intel on deck ** Las Vegas Sands Corp: down 1.0 pct Drops on disappointing quarterly profit, revenue ** Capricor Therapeutics Inc: up 3.1 pct Jumps on new data from early trial of Duchenne drug ** Wave Life Sciences Ltd: down 11.4 pct Falls on share offering plan ** Southwest Airlines Co: up 4.7 pct ** JetBlue Airways Corp: up 5.2 pct ** American Airlines Group Inc: up 5.5 pct ** Alaska Air Group Inc: up 3.3 pct U.S. airlines: Rise on strong outlook, Q4 results beat ** Palo Alto Networks Inc: up 2.5 pct Wedbush upgrades to 'outperform', says growth looks robust in 2019 ** Wave Life Sciences Ltd: down 11.4 pct Falls on $150 mln stock offering ** Canada Goose Holdings Inc: down 11.0 pct Falls as Wells Fargo downgrades company ** Huntington Bancshares Inc: down 1.6 pct Down on profit miss ** Citrix Systems Inc: down 7.2 pct Slides after bleak forecast; analysts uncomfortable on cloud transition The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: A rally in shares of chipmakers and airlines lifted the Nasdaq on Thursday, while the Dow Industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever. The top three S&P 500 percentage gainers: ** Xilinx Inc , up 18.8 pct ** Lam Research Corp , up 14.8 pct ** Applied Materials Inc, up 9.8 pct The top three S&P 500 percentage losers: ** McCormick & Co Inc , down 12.7 pct ** Freeport-McMoRan Inc , down 8.8 pct ** Citrix Systems Inc , down 7.2 pct The top three NYSE percentage gainers: ** Triumph Group Inc , up 30.7 pct ** Direxion Semiconductor Bull 3X Shares , up 18 pct ** Invacare Corp, up 13.3 pct The top three NYSE percentage losers: ** Direxion Semiconductor Bear 3X Shares , down 17.8 pct ** Briggs & Stratton Corp, down 15.8 pct ** Mccormick & Co , down 12.7 pct The top three Nasdaq percentage gainers: ** Toughbuilt Industries Inc , up 28.6 pct ** vTv Therapeutics Inc , up 19.3 pct ** Kazia Therapeutics Ltd , up 19 pct The top three Nasdaq percentage losers: ** Apricus Biosciences Inc, down 35.6 pct ** SPI Energy Co Ltd, down 19.2 pct ** Nucana Plc , down 17.9 pct ** Freeport-McMoRan Inc: down 8.8 pct Lower copper prices take shine off Q4 results ** Triumph Group Inc: up 30.7 pct Soars as Bombardier buys wing-making unit ** Bristol-Myers Squibb Co: down 0.1 pct Falls on withdrawal of U.S. application for combo lung cancer treatment ** Briggs & Stratton Corp: down 15.8 pct Slides on earnings miss, lowered sales forecast ** McCormick & Co Inc: down 12.7 pct Set for worst day in 13 years as profit forecast disappoints ** Urogen Pharma Ltd: down 10.7 pct Plummets on deep-discounted stock offering ** Texas Instruments Inc: up 7.2 pct ** Xilinx Inc: up 18.8 pct ** Lam Research Corp: up 14.7 pct ** Teradyne Inc: up 15.5 pct ** Applied Materials Inc: up 9.8 pct ** Micron Technology Inc: up 8.5 pct ** Nvidia Corp: up 4.9 pct ** Intel Corp: up 3.7 pct ** Qualcomm Inc: down 1.5 pct Street View: TI sets tone for challenging semis earnings season Chips heat up on quarterly beats; Intel on deck ** Las Vegas Sands Corp: down 1.0 pct Drops on disappointing quarterly profit, revenue ** Capricor Therapeutics Inc: up 3.1 pct Jumps on new data from early trial of Duchenne drug ** Wave Life Sciences Ltd: down 11.4 pct Falls on share offering plan ** Southwest Airlines Co: up 4.7 pct ** JetBlue Airways Corp: up 5.2 pct ** American Airlines Group Inc: up 5.5 pct ** Alaska Air Group Inc: up 3.3 pct U.S. airlines: Rise on strong outlook, Q4 results beat ** Palo Alto Networks Inc: up 2.5 pct Wedbush upgrades to 'outperform', says growth looks robust in 2019 ** Wave Life Sciences Ltd: down 11.4 pct Falls on $150 mln stock offering ** Canada Goose Holdings Inc: down 11.0 pct Falls as Wells Fargo downgrades company ** Huntington Bancshares Inc: down 1.6 pct Down on profit miss ** Citrix Systems Inc: down 7.2 pct Slides after bleak forecast; analysts uncomfortable on cloud transition The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: A rally in shares of chipmakers and airlines lifted the Nasdaq on Thursday, while the Dow Industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever. The top three S&P 500 percentage gainers: ** Xilinx Inc , up 18.8 pct ** Lam Research Corp , up 14.8 pct ** Applied Materials Inc, up 9.8 pct The top three S&P 500 percentage losers: ** McCormick & Co Inc , down 12.7 pct ** Freeport-McMoRan Inc , down 8.8 pct ** Citrix Systems Inc , down 7.2 pct The top three NYSE percentage gainers: ** Triumph Group Inc , up 30.7 pct ** Direxion Semiconductor Bull 3X Shares , up 18 pct ** Invacare Corp, up 13.3 pct The top three NYSE percentage losers: ** Direxion Semiconductor Bear 3X Shares , down 17.8 pct ** Briggs & Stratton Corp, down 15.8 pct ** Mccormick & Co , down 12.7 pct The top three Nasdaq percentage gainers: ** Toughbuilt Industries Inc , up 28.6 pct ** vTv Therapeutics Inc , up 19.3 pct ** Kazia Therapeutics Ltd , up 19 pct The top three Nasdaq percentage losers: ** Apricus Biosciences Inc, down 35.6 pct ** SPI Energy Co Ltd, down 19.2 pct ** Nucana Plc , down 17.9 pct ** Freeport-McMoRan Inc: down 8.8 pct Lower copper prices take shine off Q4 results ** Triumph Group Inc: up 30.7 pct Soars as Bombardier buys wing-making unit ** Bristol-Myers Squibb Co: down 0.1 pct Falls on withdrawal of U.S. application for combo lung cancer treatment ** Briggs & Stratton Corp: down 15.8 pct Slides on earnings miss, lowered sales forecast ** McCormick & Co Inc: down 12.7 pct Set for worst day in 13 years as profit forecast disappoints ** Urogen Pharma Ltd: down 10.7 pct Plummets on deep-discounted stock offering ** Texas Instruments Inc: up 7.2 pct ** Xilinx Inc: up 18.8 pct ** Lam Research Corp: up 14.7 pct ** Teradyne Inc: up 15.5 pct ** Applied Materials Inc: up 9.8 pct ** Micron Technology Inc: up 8.5 pct ** Nvidia Corp: up 4.9 pct ** Intel Corp: up 3.7 pct ** Qualcomm Inc: down 1.5 pct Street View: TI sets tone for challenging semis earnings season Chips heat up on quarterly beats; Intel on deck ** Las Vegas Sands Corp: down 1.0 pct Drops on disappointing quarterly profit, revenue ** Capricor Therapeutics Inc: up 3.1 pct Jumps on new data from early trial of Duchenne drug ** Wave Life Sciences Ltd: down 11.4 pct Falls on share offering plan ** Southwest Airlines Co: up 4.7 pct ** JetBlue Airways Corp: up 5.2 pct ** American Airlines Group Inc: up 5.5 pct ** Alaska Air Group Inc: up 3.3 pct U.S. airlines: Rise on strong outlook, Q4 results beat ** Palo Alto Networks Inc: up 2.5 pct Wedbush upgrades to 'outperform', says growth looks robust in 2019 ** Wave Life Sciences Ltd: down 11.4 pct Falls on $150 mln stock offering ** Canada Goose Holdings Inc: down 11.0 pct Falls as Wells Fargo downgrades company ** Huntington Bancshares Inc: down 1.6 pct Down on profit miss ** Citrix Systems Inc: down 7.2 pct Slides after bleak forecast; analysts uncomfortable on cloud transition The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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6710.0
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2019-01-24 00:00:00 UTC
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Jobless Claims Break Sub-200K, More Q4 Reports
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AAL
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https://www.nasdaq.com/articles/jobless-claims-break-sub-200k-more-q4-reports-2019-01-24
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nan
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Thursday, January 24, 2019
Well, it finally happened: weekly Initial Jobless Claims finally broke beneath the psychologically important 200K level, to 199K last week. This is a drop of 13K claims from the previous week, which totaled a downwardly revised 212K.
We had predicted this would happen back in late summer of last year, when initial claims dwindled week over week down to the low 200s, but we never pushed below that until now. This headline number comes as somewhat of a surprise, as jobless claims had been a bit more volatile in recent weeks.
Continuing Claims also crashed on the week - down 24K to 1.713 million. This is not the lowest we've seen on this side of the claims data; we had been below 1.7 million for a couple weeks there in the latter section of 2018. But this also represents historical lows - in particular, jobless claims are the lowest we've seen since November of 1969, nearly 50 years ago.
If we're seeing anything reflected on the partial U.S. government shutdown (now in its fifth week), it's not apparent this morning. Perhaps some of the 800K federal employees (plus private-sector service workers reliant on federal offices being open) who've gone without a paycheck - with another payday set to go unfulfilled tomorrow - have found employment elsewhere, but these numbers do not expressly state anything like this. Although economists do caution that an extended shutdown will eventually create atrophy in the economy, suggesting we may be seeing peak employment right this very moment.
Q4 "High Flyers" & More
After today's closing bell, we expect to see a slew o f earnings reports from microtechnology companies like Intel INTC , which take on added importance following the warnings from Apple AAPL a couple weeks ago. For this morning, however, earnings reports look a little airline-heavy. The following companies were all rated Zacks Rank #2 (Buy) prior to their Q4 releases:
American Airlines AAL put up a mildly mixed report, beating estimates on the bottom line by 2 cents to $1.04 per share (as opposed to 95 cents in the year-ago quarter) while missing on revenues very slightly, to $10.94 billion. Revenue beats are not really a strength for American - the company has only posted a positive surprise on the top line once in the past 4 quarters.
The airline major, which also carried a Zacks Style Score (Value - Growth - Momentum) of B before the earnings release, appears to b e forgiven for this revenue miss in today's pre-market. Shares are trading up 5.8% at this hour. For more on AAL's earnings, click here.
Southwest LUV outperformed expectations on both top and bottom lines for its Q4: $1.17 per share easily topped the $1.06 Zacks consensus, and well ahead of last year's 77 cents per share in the same quarter. Revenues of $5.70 billion in the quarter beat estimates by roughly half a percentage point. Southwest, which had already earned 9.8% year to date, is up again 5.66% at this hour in the pre-market. For more on LUV's earnings, click here.
Discount airline JetBlue JBLU also beat Zacks consensus estimates on both sales and earnings: 50 cents per share surpassed the 42 cents expected, while revenues of $1.97 billion barely eked out a positive surprise of 0.13%. Shares have enjoyed a bid up year to date, +7.4%, but are yielding a tad following this Q4 report in early trading. For more on JBLU's earnings, click here.
Elsewhere in Transportation, Union Pacific UNP posted $2.12 per share on revenues of $5.76 billion for its Q4 report, an improvement over $2.06 anticipated on the bottom line and +0.66% on the top. Year over year, the railway giant has grown earnings impressively, from $1.53 per share in the year-ago quarter. Shares are already up double digits to start 2019, and are climbing another 3.6% at this hour. For more on UNP's earnings, click here.
And Freeport-McMoRan FCX , a mining giant carrying a Zacks Rank #5 (Strong Sell), has missed its quarterly earnings target by nearly 50% to 11 cents per share, well off the year-ago tally of 51 cents. Revenues of $3.68 billion was off more than 4% from expectations, and off the $5.04 billion the company brought in for Q4 2017. That said, shares had been up 19% year to date, but the company has so far given back 6.7% in today's pre-market. For more on FCX's earnings, click here.
Mark Vickery
Senior Editor
Questions or comments about this article and/or its author? Click here>>
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Southwest Airlines Co. (LUV): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
JetBlue Airways Corporation (JBLU): Get Free Report
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To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following companies were all rated Zacks Rank #2 (Buy) prior to their Q4 releases: American Airlines AAL put up a mildly mixed report, beating estimates on the bottom line by 2 cents to $1.04 per share (as opposed to 95 cents in the year-ago quarter) while missing on revenues very slightly, to $10.94 billion. For more on AAL's earnings, click here. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Get Free Report Union Pacific Corporation (UNP): Free Stock Analysis Report Apple Inc. (AAPL): Get Free Report Freeport-McMoRan Inc. (FCX): Get Free Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Get Free Report Union Pacific Corporation (UNP): Free Stock Analysis Report Apple Inc. (AAPL): Get Free Report Freeport-McMoRan Inc. (FCX): Get Free Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. The following companies were all rated Zacks Rank #2 (Buy) prior to their Q4 releases: American Airlines AAL put up a mildly mixed report, beating estimates on the bottom line by 2 cents to $1.04 per share (as opposed to 95 cents in the year-ago quarter) while missing on revenues very slightly, to $10.94 billion. For more on AAL's earnings, click here.
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The following companies were all rated Zacks Rank #2 (Buy) prior to their Q4 releases: American Airlines AAL put up a mildly mixed report, beating estimates on the bottom line by 2 cents to $1.04 per share (as opposed to 95 cents in the year-ago quarter) while missing on revenues very slightly, to $10.94 billion. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Get Free Report Union Pacific Corporation (UNP): Free Stock Analysis Report Apple Inc. (AAPL): Get Free Report Freeport-McMoRan Inc. (FCX): Get Free Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. For more on AAL's earnings, click here.
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The following companies were all rated Zacks Rank #2 (Buy) prior to their Q4 releases: American Airlines AAL put up a mildly mixed report, beating estimates on the bottom line by 2 cents to $1.04 per share (as opposed to 95 cents in the year-ago quarter) while missing on revenues very slightly, to $10.94 billion. For more on AAL's earnings, click here. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Get Free Report Union Pacific Corporation (UNP): Free Stock Analysis Report Apple Inc. (AAPL): Get Free Report Freeport-McMoRan Inc. (FCX): Get Free Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here.
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6711.0
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2019-01-24 00:00:00 UTC
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US STOCKS-Chipmakers, airlines lift Nasdaq; trade worries stall S&P, Dow
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AAL
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https://www.nasdaq.com/articles/us-stocks-chipmakers-airlines-lift-nasdaq-trade-worries-stall-sp-dow-2019-01-24
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(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window)
* Ross says U.S.-China deal a long way off, but possible
* Xilinx, Lam, Texas Instruments results spark chip rally
* Health, consumer staples biggest losers on the day
* Dow off 0.27 pct, S&P down 0.09 pct, Nasdaq up 0.37 pct (Updates to early afternoon)
By Shreyashi Sanyal
Jan 24 (Reuters) - A rally in shares of chipmakers andairlines lifted the Nasdaq on Thursday, while the Dow Jonesindustrials and the S&P 500 wavered due to concerns about theSino-U.S. trade dispute and the longest U.S. government shutdownever.
U.S. Commerce Secretary Wilbur Ross said the United Statesand China were a long way from resolving their trade dispute,but saw a fair chance of a deal. The two countries are trying tomeet a March 1 deadline to resolve the dispute, which has roiledmarket for most of the past year. urn:newsml:reuters.com:*:nL1N1ZO0MY
Despite the news, chip stocks powered higher on the back ofupbeat quarterly results. The Philadelphia Semiconductor Index .SOX , which had underperformed 10 of the 11 S&P sectors so farthis year, jumped 5.78 percent.
Xilinx Inc shares XLNX.O surged 17.5 percent and LamResearch CorpLRCX.O jumped 14.6 percent after reportingbetter-than-expected results. urn:newsml:reuters.com:*:nL3N1ZN5ML
Apple supplier Texas Instruments IncTXN.O rose 6.3percent after what analysts called better-than-feared results.The company however warned of weak demand in China, a key marketfor many chipmakers. urn:newsml:reuters.com:*:nL3N1ZO420
"Earnings so far have been a positive for markets," saidChris Larkin, senior vice president of trading at E-TradeFinancial in New Jersey.
"But trade talks and the government shutdown are things thatcertainly impact markets. People react but no one actually knowswhat is going on and that in turn increases the volatility."
Adding to the cautious tone, European Central Bank PresidentMario Draghi acknowledged that economic growth in the euro zonewas likely to be weaker than what was earlier expected due tothe fallout from factors, including China's slowdown. urn:newsml:reuters.com:*:nL8N1ZO1J3
At 12:46 p.m. ET the Dow Jones Industrial Average .DJI wasdown 66.84 points, or 0.27 percent, at 24,508.78, the S&P 500 .SPX was down 2.42 points, or 0.09 percent, at 2,636.28 andthe Nasdaq Composite .IXIC was up 26.23 points, or 0.37percent, at 7,052.00.
Five of the 11 major S&P sectors were lower, led by lossesin the consumer staples .SPLRCS and healthcare .SPXHC indexes. The biggest gainer was the technology index .SPLRCT ,up 0.79 percent
The Dow Jones Transports index .DJT , closely watched byinvestors to gauge the health of the economy, rose 0.95 percentafter strong results from carriers. The index has outperformedWall Street's three major indexes this year.
American Airlines GroupAAL.O , Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O gained 5 percent eachafter reporting quarterly profits that beat analysts'expectations.
Southwest and JetBlue however said the partial U.S.government shutdown, now in its 34th day, was disruptive urn:newsml:reuters.com:*:nL1N1ZO0PJ
McCormick & CoMKC.N plunged 12.6 percent, the most on theS&P, after the seasonings maker's quarterly profit missedexpectations.
Intel CorpINTC.O climbed 3.6 percent and Starbucks CorpSBUX.O slipped 1.8 percent. Both companies are scheduled toreport results after the closing bell.
Of the 97 S&P 500 companies that have reportedfourth-quarter results, 75.3 percent have topped profitestimates, according to Refinitiv data.
But the earnings growth estimates for last quarter havedropped to 14.2 percent from 20.1 percent at the start ofOctober, while 2019 profit growth estimates have come down to5.8 percent from 10.2 percent in the same period.
Advancing issues outnumbered decliners by a 1.93-to-1 ratioon the NYSE and by a 1.46-to-1 ratio on the Nasdaq.
The S&P index recorded six new 52-week highs and one newlow, while the Nasdaq recorded 14 new highs and 32 new lows. (Reporting by Shreyashi Sanyal and additional reporting bySruthi Shankar in Bengaluru; Editing by Arun Koyyur) ((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780 ;Reuters Messaging:Shreyashi.Sanyal.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines GroupAAL.O , Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O gained 5 percent eachafter reporting quarterly profits that beat analysts'expectations. urn:newsml:reuters.com:*:nL3N1ZN5ML Apple supplier Texas Instruments IncTXN.O rose 6.3percent after what analysts called better-than-feared results.The company however warned of weak demand in China, a key marketfor many chipmakers. Adding to the cautious tone, European Central Bank PresidentMario Draghi acknowledged that economic growth in the euro zonewas likely to be weaker than what was earlier expected due tothe fallout from factors, including China's slowdown.
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American Airlines GroupAAL.O , Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O gained 5 percent eachafter reporting quarterly profits that beat analysts'expectations. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Ross says U.S.-China deal a long way off, but possible * Xilinx, Lam, Texas Instruments results spark chip rally * Health, consumer staples biggest losers on the day * Dow off 0.27 pct, S&P down 0.09 pct, Nasdaq up 0.37 pct (Updates to early afternoon) By Shreyashi Sanyal Jan 24 (Reuters) - A rally in shares of chipmakers andairlines lifted the Nasdaq on Thursday, while the Dow Jonesindustrials and the S&P 500 wavered due to concerns about theSino-U.S. trade dispute and the longest U.S. government shutdownever. The biggest gainer was the technology index .SPLRCT ,up 0.79 percent The Dow Jones Transports index .DJT , closely watched byinvestors to gauge the health of the economy, rose 0.95 percentafter strong results from carriers.
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American Airlines GroupAAL.O , Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O gained 5 percent eachafter reporting quarterly profits that beat analysts'expectations. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Ross says U.S.-China deal a long way off, but possible * Xilinx, Lam, Texas Instruments results spark chip rally * Health, consumer staples biggest losers on the day * Dow off 0.27 pct, S&P down 0.09 pct, Nasdaq up 0.37 pct (Updates to early afternoon) By Shreyashi Sanyal Jan 24 (Reuters) - A rally in shares of chipmakers andairlines lifted the Nasdaq on Thursday, while the Dow Jonesindustrials and the S&P 500 wavered due to concerns about theSino-U.S. trade dispute and the longest U.S. government shutdownever. The biggest gainer was the technology index .SPLRCT ,up 0.79 percent The Dow Jones Transports index .DJT , closely watched byinvestors to gauge the health of the economy, rose 0.95 percentafter strong results from carriers.
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American Airlines GroupAAL.O , Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O gained 5 percent eachafter reporting quarterly profits that beat analysts'expectations. urn:newsml:reuters.com:*:nL8N1ZO1J3 At 12:46 p.m. Southwest and JetBlue however said the partial U.S.government shutdown, now in its 34th day, was disruptive urn:newsml:reuters.com:*:nL1N1ZO0PJ McCormick & CoMKC.N plunged 12.6 percent, the most on theS&P, after the seasonings maker's quarterly profit missedexpectations.
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6712.0
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2019-01-24 00:00:00 UTC
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American Airlines Expects To Deliver Strong Pre-tax Earnings Growth In 2019
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AAL
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https://www.nasdaq.com/articles/american-airlines-expects-deliver-strong-pre-tax-earnings-growth-2019-2019-01-24
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) announced, for 2019, the company expects earnings per share, excluding net special items, to be between $5.50 and $7.50. The company expects to achieve $1 billion of revenue improvements in 2019 as it benefits from network optimization, merchandising and product segmentation. The company projects its 2019 initiatives to produce more than $300 million of cost savings compared to 2018 by eliminating post-merger cost redundancies, leveraging technology efficiencies, and implementing changes to network strategy.
Chairman and CEO Doug Parker said, "We enter 2019 with great momentum. We expect our total revenue per available seat mile to grow faster than our network competitors, and to deliver strong pre-tax earnings growth in 2019. At the midpoint of our guidance, 2019 diluted earnings per share excluding special items would increase approximately 40 percent versus 2018."
For the first-quarter, the company expects TRASM to be flat to up approximately 2.0 percent year-over-year. The company also expects first-quarter pre-tax margin excluding net special items to be between 2.5 and 4.5 percent.
Fourth-quarter earnings were $0.69 per diluted share, or $1.04 per diluted share excluding net special items. Pre-tax earnings excluding net special items for the fourth quarter were $634 million, an $88 million decrease from the fourth quarter of 2017, driven by higher fuel prices.
Fourth-quarter total revenue per available seat mile (TRASM) increased by 1.7 percent compared to the fourth quarter of 2017 on a 1.4 percent increase in total available seat miles. Total fourth-quarter cost per available seat mile (CASM) rose 2.7 percent from fourth quarter 2017. Excluding fuel and special items, consolidated fourth-quarter CASM declined 0.2 percent year-over-year.
The company declared a dividend of $0.10 per share to be paid on Feb. 20, 2019, to stockholders of record as of Feb. 6, 2019.
Read the original article on RTTNews (http://www.rttnews.com/2972305/american-airlines-expects-to-deliver-strong-pre-tax-earnings-growth-in-2019.aspx)
For comments and feedback: contact editorial@rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) announced, for 2019, the company expects earnings per share, excluding net special items, to be between $5.50 and $7.50. We expect our total revenue per available seat mile to grow faster than our network competitors, and to deliver strong pre-tax earnings growth in 2019. At the midpoint of our guidance, 2019 diluted earnings per share excluding special items would increase approximately 40 percent versus 2018."
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) announced, for 2019, the company expects earnings per share, excluding net special items, to be between $5.50 and $7.50. At the midpoint of our guidance, 2019 diluted earnings per share excluding special items would increase approximately 40 percent versus 2018." Pre-tax earnings excluding net special items for the fourth quarter were $634 million, an $88 million decrease from the fourth quarter of 2017, driven by higher fuel prices.
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) announced, for 2019, the company expects earnings per share, excluding net special items, to be between $5.50 and $7.50. The company also expects first-quarter pre-tax margin excluding net special items to be between 2.5 and 4.5 percent. Pre-tax earnings excluding net special items for the fourth quarter were $634 million, an $88 million decrease from the fourth quarter of 2017, driven by higher fuel prices.
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) announced, for 2019, the company expects earnings per share, excluding net special items, to be between $5.50 and $7.50. The company also expects first-quarter pre-tax margin excluding net special items to be between 2.5 and 4.5 percent. Fourth-quarter earnings were $0.69 per diluted share, or $1.04 per diluted share excluding net special items.
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6713.0
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2019-01-24 00:00:00 UTC
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'Maddening' U.S. shutdown hangs over airlines even as profits beat
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AAL
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https://www.nasdaq.com/articles/maddening-us-shutdown-hangs-over-airlines-even-profits-beat-2019-01-24
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By Tracy Rucinski
CHICAGO, Jan 24 () - Three major U.S. airlines said on Thursday the U.S. government partial shutdown had not yet had a major financial impact but a tipping point might be near.
The carriers expressed their concerns after reporting quarterly earnings that beat Wall Street expectations thanks to healthy passenger demand.
A poll of economists showed that U.S. economic growth will take a hit this quarter from the government shutdown, in its 34th day and the longest in U.S. history. Airlines in turn will feel the impact because their fortunes are tied closely to the health of the economy.
As a result of the shutdown, airport security workers and air traffic controllers continued to go without pay, stretching staffing and creating long lines at some airports and flight delays.
The Transportation Security Administration said 7.5 percent of the nation's 51,000 airport security officers were absent on Wednesday, down from a recent high of 10 percent on Sunday.
Federal workers who oversee route authorizations and aircraft certifications were also furloughed because of the shutdown, delaying Southwest's plans to launch service to Hawaii early this year.
Two measures to end the partial U.S. government shutdown - one backed by Republicans and one by Democrats - failed in the Senate on Thursday.
Most airlines said the financial impact of the shutdown thus far had been limited, but JetBlue Airways Corp Chief Executive Robin Hayes warned that the U.S. aviation system is nearing a "tipping point."
"And the longer this goes on, the longer it will take for the air travel infrastructure to rebound," Hayes said.
No. 1 U.S. carrier American Airlines Group Inc said the shutdown caused "a bit of softness" for flights in the next 14 days.
"We encourage the government to get reopened," American Chief Executive Doug Parker said.
STRONG DEMAND
All three airlines that reported earnings before the markets closed on Thursday beat Wall Street expectations -- American, Southwest and JetBlue.
The profit beats, which mirrored solid results from Delta Air Lines and United Airlines earlier this month, boosted shares and eased concerns about the impact of slower global economic growth.
Shares of American and Southwest each closed 6 percent higher while those of JetBlue ended up 5 percent, lifting the broader Dow Jones U.S. Airlines Index.
American said overall demand, including for corporate travel, remained strong, and forecast $1 billion of additional revenue in 2019 as it continues to expand its Premium Economy product and adds gates at its Dallas-Fort Worth and Charlotte hubs.
The company, based in Fort Worth, Texas, forecast an increase in full-year earnings per share of 21 percent to 65 percent, compared with the 30 percent expected by analysts on average, according to IBES data from Refinitiv.
It said net income, excluding special items, rose 8.3 percent to $481 million, or $1.04 per share, in the fourth quarter. That beat analysts' estimate of $1.01 per share.
Total operating revenue rose 3.1 percent to $10.94 billion.
Southwest, the fourth-largest U.S. airline by passenger traffic, said revenue per available seat mile would rise in the 4 percent to 5 percent range in the first quarter after a 1.8 percent increase in the fourth quarter.
Net income at Southwest, a low-cost carrier, fell 63 percent to $654 million, or $1.17 per share, in the fourth quarter, from a year earlier, when it recorded a big tax benefit. EPS beat analysts' average estimate of $1.07, according to IBES data from Refinitiv.
New York-based JetBlue, the sixth-largest U.S. airline, also posted a fourth-quarter profit on Thursday above Wall Street estimates.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Most airlines said the financial impact of the shutdown thus far had been limited, but JetBlue Airways Corp Chief Executive Robin Hayes warned that the U.S. aviation system is nearing a "tipping point." The profit beats, which mirrored solid results from Delta Air Lines and United Airlines earlier this month, boosted shares and eased concerns about the impact of slower global economic growth. American said overall demand, including for corporate travel, remained strong, and forecast $1 billion of additional revenue in 2019 as it continues to expand its Premium Economy product and adds gates at its Dallas-Fort Worth and Charlotte hubs.
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The carriers expressed their concerns after reporting quarterly earnings that beat Wall Street expectations thanks to healthy passenger demand. All three airlines that reported earnings before the markets closed on Thursday beat Wall Street expectations -- American, Southwest and JetBlue. The company, based in Fort Worth, Texas, forecast an increase in full-year earnings per share of 21 percent to 65 percent, compared with the 30 percent expected by analysts on average, according to IBES data from Refinitiv.
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Shares of American and Southwest each closed 6 percent higher while those of JetBlue ended up 5 percent, lifting the broader Dow Jones U.S. Airlines Index. The company, based in Fort Worth, Texas, forecast an increase in full-year earnings per share of 21 percent to 65 percent, compared with the 30 percent expected by analysts on average, according to IBES data from Refinitiv. Southwest, the fourth-largest U.S. airline by passenger traffic, said revenue per available seat mile would rise in the 4 percent to 5 percent range in the first quarter after a 1.8 percent increase in the fourth quarter.
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As a result of the shutdown, airport security workers and air traffic controllers continued to go without pay, stretching staffing and creating long lines at some airports and flight delays. All three airlines that reported earnings before the markets closed on Thursday beat Wall Street expectations -- American, Southwest and JetBlue. Southwest, the fourth-largest U.S. airline by passenger traffic, said revenue per available seat mile would rise in the 4 percent to 5 percent range in the first quarter after a 1.8 percent increase in the fourth quarter.
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6714.0
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2019-01-24 00:00:00 UTC
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Nasdaq boosted by chip rally, Dow, S&P 500 stall
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AAL
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https://www.nasdaq.com/articles/nasdaq-boosted-chip-rally-dow-sp-500-stall-2019-01-24
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By Stephen Culp
NEW YORK, Jan 24 () - The S&P 500 edged higher but the Dow closed nominally lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes undercut a spate of strong earnings, while chipmakers rallied to give the Nasdaq a solid gain.
Fourth-quarter earnings continued to be generally positive, but U.S. Commerce Secretary Wilbur Ross' comments that the United States and China were "miles and miles" from reaching a trade agreement curbed investor enthusiasm.
The Philadelphia SE Semiconductor Index, under pressure in recent months after Apple Inc warned of waning smartphone demand, was saw its biggest one-day percentage gain since Dec. 26, advancing 5.7 percent.
Still, even in the face of upbeat corporate results, fears surrounding tariffs and the longest federal government shutdown in history weighed on investors.
"What we're seeing is the positive of strong earnings being offset by the very rapidly rising political risks," said Oliver Pursche, vice chairman and chief market strategist at Bruderman Asset Management in New York. "There continues to be hope, but then the commerce secretary saying that we're miles apart on a China trade deal certainly negates that positive."
"Right now markets are going to stay in a relatively tight trading range until they get some news they can really digest and trade on," Pursche added. "There's no reason to sell but there's also no reason to buy."
Commercial air carriers American Airlines Group Inc , Southwest Airlines Co and JetBlue Airways Corp all reported quarterly earnings that surpassed consensus estimates amid growing pressures related to the government shutdown.
The S&P 500 Airlines index gained 3.3 percent.
Union Pacific Corp also reported earnings that surprised to the upside. The railroad operator, along with airlines and other companies, is a constituent of the closely watched Dow Jones Transportation index, ended the session up 1.1 percent.
The Dow Jones Industrial Average fell 22.38 points, or 0.09 percent, to 24,553.24, the S&P 500 gained 3.63 points, or 0.14 percent, to 2,642.33 and the Nasdaq Composite added 47.70 points, or 0.68 percent, to 7,073.46.
Of the 11 major sectors of the S&P 500, all but consumer staples, healthcare and materials advanced.
Fourth-quarter reporting season is in full-swing. With nearly one-fifth of S&P 500 companies having reported, 75.3 percent have surpassed Street estimates. Analysts now see S&P profit growth of 14.2 percent for the quarter.
Shares of Textron Inc jumped 5.6 percent after beating analyst profit estimates and forecast better-than-expected 2019 profit.
PG&E Corp soared by 74.6 percent after the California utility was cleared of the 2017 Tubbs fire.
Mining company Freeport-McMoRan Inc slid 13.1 percent after missing fourth-quarter profit expectations due to falling copper prices.
Intel Corp fell in after-hours trading after reporting lower-than-expected fourth-quarter revenue due to weakening demand.
Advancing issues outnumbered declining ones on the NYSE by a 2.15-to-1 ratio; on Nasdaq, a 1.64-to-1 ratio favored advancers.
The S&P 500 posted 9 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 27 new highs and 36 new lows.
Volume on U.S. exchanges was 6.94 billion shares, compared to the 7.88 billion average over the last 20 trading days.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephen Culp NEW YORK, Jan 24 () - The S&P 500 edged higher but the Dow closed nominally lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes undercut a spate of strong earnings, while chipmakers rallied to give the Nasdaq a solid gain. The Philadelphia SE Semiconductor Index, under pressure in recent months after Apple Inc warned of waning smartphone demand, was saw its biggest one-day percentage gain since Dec. 26, advancing 5.7 percent. "What we're seeing is the positive of strong earnings being offset by the very rapidly rising political risks," said Oliver Pursche, vice chairman and chief market strategist at Bruderman Asset Management in New York.
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Commercial air carriers American Airlines Group Inc , Southwest Airlines Co and JetBlue Airways Corp all reported quarterly earnings that surpassed consensus estimates amid growing pressures related to the government shutdown. The S&P 500 Airlines index gained 3.3 percent. The Dow Jones Industrial Average fell 22.38 points, or 0.09 percent, to 24,553.24, the S&P 500 gained 3.63 points, or 0.14 percent, to 2,642.33 and the Nasdaq Composite added 47.70 points, or 0.68 percent, to 7,073.46.
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By Stephen Culp NEW YORK, Jan 24 () - The S&P 500 edged higher but the Dow closed nominally lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes undercut a spate of strong earnings, while chipmakers rallied to give the Nasdaq a solid gain. Commercial air carriers American Airlines Group Inc , Southwest Airlines Co and JetBlue Airways Corp all reported quarterly earnings that surpassed consensus estimates amid growing pressures related to the government shutdown. The Dow Jones Industrial Average fell 22.38 points, or 0.09 percent, to 24,553.24, the S&P 500 gained 3.63 points, or 0.14 percent, to 2,642.33 and the Nasdaq Composite added 47.70 points, or 0.68 percent, to 7,073.46.
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The S&P 500 Airlines index gained 3.3 percent. Shares of Textron Inc jumped 5.6 percent after beating analyst profit estimates and forecast better-than-expected 2019 profit. Intel Corp fell in after-hours trading after reporting lower-than-expected fourth-quarter revenue due to weakening demand.
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6715.0
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2019-01-24 00:00:00 UTC
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Pre-Market Most Active for Jan 24, 2019 : CHL, BTI, AMD, MU, SQQQ, QQQ, AAL, BMY, STM, VOD, CTL, MKC
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-jan-24-2019-chl-bti-amd-mu-sqqq-qqq-aal-bmy-stm-vod-ctl-mkc-2019-01
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The NASDAQ 100 Pre-Market Indicator is up 15.74 to 6,674.5. The total Pre-Market volume is currently 3,943,294 shares traded.
The following are the most active stocks for the pre-market session :
China Mobile (Hong Kong) Ltd. ( CHL ) is +0.3038 at $52.17, with 2,928,010 shares traded. CHL's current last sale is 79.29% of the target price of $65.8.
British American Tobacco p.l.c. ( BTI ) is -0.22 at $32.15, with 677,257 shares traded. BTI's current last sale is 66.63% of the target price of $48.25.
Advanced Micro Devices, Inc. ( AMD ) is +0.4 at $20.20, with 456,484 shares traded.AMD is scheduled to provide an earnings report on 1/29/2019, for the fiscal quarter ending Dec2018. The consensus earnings per share forecast is 0.06 per share, which represents a 6 percent increase over the EPS one Year Ago
Micron Technology, Inc. ( MU ) is +1.07 at $35.31, with 444,626 shares traded. As reported by Zacks, the current mean recommendation for MU is in the "buy range".
ProShares UltraPro Short QQQ ( SQQQ ) is -0.2001 at $13.86, with 389,667 shares traded. This represents a 27.97% increase from its 52 Week Low.
Invesco QQQ Trust, Series 1 ( QQQ ) is +0.83 at $162.98, with 381,098 shares traded. This represents a 13.61% increase from its 52 Week Low.
American Airlines Group, Inc. ( AAL ) is +1.88 at $33.53, with 311,003 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2019. The consensus EPS forecast is $2.07. Reuters Reports: American Airlines quarterly profit beats on higher fares
Bristol-Myers Squibb Company ( BMY ) is -1.26 at $48.70, with 289,493 shares traded. RTT News Reports: Wall Street Aims To Gain Slightly At Opening
STMicroelectronics N.V. ( STM ) is +1.28 at $15.38, with 180,816 shares traded. Reuters Reports: U.S. STOCKS ON THE MOVE-Bristol-Myers, Ford Motor, Briggs & Stratton
Vodafone Group Plc ( VOD ) is -0.45 at $19.06, with 140,646 shares traded. VOD's current last sale is 74.16% of the target price of $25.7.
CenturyLink, Inc. ( CTL ) is -0.56 at $14.65, with 139,388 shares traded. CTL's current last sale is 73.25% of the target price of $20.
McCormick & Company, Incorporated ( MKC ) is -14.06 at $124.94, with 130,540 shares traded. Reuters Reports: U.S. STOCKS ON THE MOVE-Bristol-Myers, Ford Motor, Briggs & Stratton
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. ( AAL ) is +1.88 at $33.53, with 311,003 shares traded. Reuters Reports: American Airlines quarterly profit beats on higher fares Bristol-Myers Squibb Company ( BMY ) is -1.26 at $48.70, with 289,493 shares traded. RTT News Reports: Wall Street Aims To Gain Slightly At Opening STMicroelectronics N.V. ( STM ) is +1.28 at $15.38, with 180,816 shares traded.
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American Airlines Group, Inc. ( AAL ) is +1.88 at $33.53, with 311,003 shares traded. Reuters Reports: American Airlines quarterly profit beats on higher fares Bristol-Myers Squibb Company ( BMY ) is -1.26 at $48.70, with 289,493 shares traded. Reuters Reports: U.S. STOCKS ON THE MOVE-Bristol-Myers, Ford Motor, Briggs & Stratton Vodafone Group Plc ( VOD ) is -0.45 at $19.06, with 140,646 shares traded.
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American Airlines Group, Inc. ( AAL ) is +1.88 at $33.53, with 311,003 shares traded. The consensus earnings per share forecast is 0.06 per share, which represents a 6 percent increase over the EPS one Year Ago Micron Technology, Inc. ( MU ) is +1.07 at $35.31, with 444,626 shares traded. Reuters Reports: American Airlines quarterly profit beats on higher fares Bristol-Myers Squibb Company ( BMY ) is -1.26 at $48.70, with 289,493 shares traded.
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American Airlines Group, Inc. ( AAL ) is +1.88 at $33.53, with 311,003 shares traded. The consensus earnings per share forecast is 0.06 per share, which represents a 6 percent increase over the EPS one Year Ago Micron Technology, Inc. ( MU ) is +1.07 at $35.31, with 444,626 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2019.
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6716.0
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2019-01-24 00:00:00 UTC
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American Airlines (AAL) Beats Q4 Earnings Estimates
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-beats-q4-earnings-estimates-2019-01-24
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nan
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American Airlines (AAL) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.96%. A quarter ago, it was expected that this world's largest airline would pos t earnings of $1.12 per share when it actually produced earnings of $1.13, delivering a surprise of 0.89%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
American Airlines, which belongs to the Zacks Transportation - Airline industry, posted revenues of $10.94 billion for the quarter ended December 2018, missing the Zacks Consensus Estimate by 0.63%. This compares to year-ago revenues of $10.60 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call .
American Airlines shares have lost about 1.4% since the beginning of the year versus the S&P 500's gain of 5.3%.
What's Next for American Airlines?
While American Airlines has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power o f earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for American Airlines was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.70 on $10.83 billion in revenues for the coming quarter and $5.74 on $46.62 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Airline is currently in the top 3% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.02 per share. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.
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American Airlines (AAL) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.02 per share. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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American Airlines (AAL) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.02 per share. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines, which belongs to the Zacks Transportation - Airline industry, posted revenues of $10.94 billion for the quarter ended December 2018, missing the Zacks Consensus Estimate by 0.63%.
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American Airlines (AAL) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.02 per share. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock.
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6717.0
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2019-01-24 00:00:00 UTC
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Airline Stocks & TXN Report Earnings, Jobless Claims Reach Historic Lows
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AAL
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https://www.nasdaq.com/articles/airline-stocks-txn-report-earnings-jobless-claims-reach-historic-lows-2019-01-24
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On today's episode of Free Lunch, Ryan McQueeney recaps earnings results from Texas Instruments and airline giants American, Southwest, and JetBlue. The host also discusses the labor market on the back of historically-low jobless claims data.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
Free Lunch is presented by Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Twitter, and other major streaming platforms.
Wall Street had another pile of fresh earnings reports to dig through this morning, including some from key industry bellwethers.
Notably, chip giant Texas Instruments TXN filed its latest quarterly results yesterday afternoon. The semiconductor manufacturer managed to surpass EPS estimates, but its revenue fell short of expectations, and management's comments did not make chip bulls feel great about cyclical headwinds.
On the other hand, airline earnings have been relatively strong. Southwest LUV reported better-than-expected earnings and revenue, with net sales increasing 8.5% from the year-ago period and outpacing slightly higher unit costs. The budget airline did warn, however, that the partial government shutdown has cost it up to $15 million in new revenue.
Industry giant American Airlines AAL also beat estimates on the bottom line, although revenue lagged expectations a bit. Still, the company was confident that its business will grow faster than its rivals in 2019, citing an expansion of its network and new premium offerings as likely catalysts for sales growth.
Meanwhile, low-fare airline JetBlue JBLU did a good job of controlling non-fuel costs en route to a solid earnings beat for the quarter. JetBlue said it hopes to expand capacity by 7.5% to 8.5% in the ongoing quarter, which could help stimulate revenue growth going forward.
All of this news was being digest on Thursday morning, when investors also had another historic read on initial jobless claims to consider. The number of people filing for unemployment benefits in the U.S. last week fell below 200,000. That marked a 49-year low, providing more evidence on the strength of the domestic labor market.
Join Ryan on today's episode of Free Lunch for more information about each of these stories!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
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American Airlines Group Inc. (AAL): Get Free Report
Southwest Airlines Co. (LUV): Get Free Report
JetBlue Airways Corporation (JBLU): Get Free Report
Texas Instruments Incorporated (TXN): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Industry giant American Airlines AAL also beat estimates on the bottom line, although revenue lagged expectations a bit. Click to get this free report American Airlines Group Inc. (AAL): Get Free Report Southwest Airlines Co. (LUV): Get Free Report JetBlue Airways Corporation (JBLU): Get Free Report Texas Instruments Incorporated (TXN): Get Free Report To read this article on Zacks.com click here. On today's episode of Free Lunch, Ryan McQueeney recaps earnings results from Texas Instruments and airline giants American, Southwest, and JetBlue.
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Click to get this free report American Airlines Group Inc. (AAL): Get Free Report Southwest Airlines Co. (LUV): Get Free Report JetBlue Airways Corporation (JBLU): Get Free Report Texas Instruments Incorporated (TXN): Get Free Report To read this article on Zacks.com click here. Industry giant American Airlines AAL also beat estimates on the bottom line, although revenue lagged expectations a bit. On today's episode of Free Lunch, Ryan McQueeney recaps earnings results from Texas Instruments and airline giants American, Southwest, and JetBlue.
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Click to get this free report American Airlines Group Inc. (AAL): Get Free Report Southwest Airlines Co. (LUV): Get Free Report JetBlue Airways Corporation (JBLU): Get Free Report Texas Instruments Incorporated (TXN): Get Free Report To read this article on Zacks.com click here. Industry giant American Airlines AAL also beat estimates on the bottom line, although revenue lagged expectations a bit. On today's episode of Free Lunch, Ryan McQueeney recaps earnings results from Texas Instruments and airline giants American, Southwest, and JetBlue.
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Click to get this free report American Airlines Group Inc. (AAL): Get Free Report Southwest Airlines Co. (LUV): Get Free Report JetBlue Airways Corporation (JBLU): Get Free Report Texas Instruments Incorporated (TXN): Get Free Report To read this article on Zacks.com click here. Industry giant American Airlines AAL also beat estimates on the bottom line, although revenue lagged expectations a bit. On today's episode of Free Lunch, Ryan McQueeney recaps earnings results from Texas Instruments and airline giants American, Southwest, and JetBlue.
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6718.0
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2019-01-24 00:00:00 UTC
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US STOCKS-S&P 500, Dow sag on trade worries, chipmakers lift Nasdaq
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-500-dow-sag-trade-worries-chipmakers-lift-nasdaq-2019-01-24
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nan
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(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window)
* Ross says U.S.-China deal a long way off
* Chipmakers push Nasdaq into positive territory
* Dow Transports lifted by strong earnings
* Dow off 0.33 pct, S&P down 0.15 pct, Nasdaq up 0.4 pct (Updates to late afternoon, changes dateline, byline)
By Stephen Culp
NEW YORK, Jan 24 (Reuters) - The S&P 500 and the Dow edgedlower on Thursday as lingering anxieties about slowing globalgrowth and unresolved trade disputes kept buyers at bay, butchipmakers rallied to push the Nasdaq into the black.
While fourth-quarter earnings continued to be generallyupbeat, U.S. Commerce Secretary Wilbur Ross' comments that theUnited States and China were "miles and miles" from reaching atrade agreement curbed investor enthusiasm. urn:newsml:reuters.com:*:nL3N1ZO34H
Chipmakers led the Nasdaq's rise, as Xilinx IncXLNX.O andLam Research CorpLRCX.O reported quarterly results that beatanalyst expectations. Texas Instruments IncTXN.O , whileposting better-than-expected profit, disappointed on revenue. urn:newsml:reuters.com:*:nL3N1ZO420
The Philadelphia SE Semiconductor Index .SOX , underpressure in recent months after Apple IncAAPL.O warned ofwaning smartphone demand, was on track for its biggest one-daypercentage gain since Dec. 26, advancing 5.5 percent.
Still, even in the face of upbeat corporate results, fearssurrounding tariffs and the longest federal government shutdownin history weighed on investors.
"It's a tale of two cities. It's still a lot of uncertaintyon the tariff front and the government shutdown front and yetsome pretty good earnings coming out of corporate America," saidTim Ghriskey, chief investment strategist at Inverness Counselin New York.
"There's a lot of money on the sidelines. Everybody'sfearful of a negative tweet," Ghriskey added. "(The market is)very tenuous and very subject to day-to-day events.
Commercial air carriers American Airlines Group IncAAL.O ,Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O all reported quarterly earnings that surpassed consensusestimates amid growing pressures related to the governmentshutdown. urn:newsml:reuters.com:*:nL1N1ZO0PJ
The S&P 500 Airlines index .SPLRCAIR gained 2.8 percent.
Union Pacific CorpUNP.N also reported earnings thatsurprised to the upside. urn:newsml:reuters.com:*:nL3N1ZO4JL The railroad operator,along with airlines and other companies, is a constituent of theclosely watched Dow Jones Transportation index .DJT , which wasup 0.7 percent.
The Dow Jones Industrial Average .DJI fell 81.35 points,or 0.33 percent, to 24,494.27, the S&P 500 .SPX lost 3.91points, or 0.15 percent, to 2,634.79 and the Nasdaq Composite .IXIC added 27.79 points, or 0.4 percent, to 7,053.56.
Of the 11 major sectors of the S&P 500 six were in the red,with the biggest percentage declines in consumer staples .SPLRCS , healthcare .SPXHC and materials .SPLRCM
Fourth-quarter reporting season is in full-swing. Withnearly one-fifth of S&P 500 companies having reported, 75.3percent have surpassed Street estimates. Analysts now see S&Pprofit growth of 14.2 percent for the quarter.
Shares of Textron IncTXT.N jumped 6.3 percent afterbeating analyst profit estimates and forecastbetter-than-expected 2019 profit. urn:newsml:reuters.com:*:nL3N1ZO45Y
Mining company Freeport-McMoRan IncFCX.N slid 10.9percent after missing fourth-quarter profit expectations due tofalling copper prices HGc1 . urn:newsml:reuters.com:*:nL1N1ZO0J1
Intel CorpINTC.O and Alaska Air Group IncALK.N areexpected to report after the markets close.
On the economic front, Americans applying for unemploymentinsurance fell to more than a 49-year low last week. So far, thegovernment shutdown appears to have had a limited effect oninitial jobless claims data. urn:newsml:reuters.com:*:nL1N1ZN1OF
Advancing issues outnumbered declining ones on the NYSE by a1.69-to-1 ratio; on Nasdaq, a 1.31-to-1 ratio favored advancers.
The S&P 500 posted six new 52-week highs and one new low;the Nasdaq Composite recorded 20 new highs and 33 new lows.
(Reporting by Stephen Culp; Editing by Lisa Shumaker) ((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Commercial air carriers American Airlines Group IncAAL.O ,Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O all reported quarterly earnings that surpassed consensusestimates amid growing pressures related to the governmentshutdown. urn:newsml:reuters.com:*:nL3N1ZO420 The Philadelphia SE Semiconductor Index .SOX , underpressure in recent months after Apple IncAAPL.O warned ofwaning smartphone demand, was on track for its biggest one-daypercentage gain since Dec. 26, advancing 5.5 percent. urn:newsml:reuters.com:*:nL3N1ZO4JL The railroad operator,along with airlines and other companies, is a constituent of theclosely watched Dow Jones Transportation index .DJT , which wasup 0.7 percent.
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Commercial air carriers American Airlines Group IncAAL.O ,Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O all reported quarterly earnings that surpassed consensusestimates amid growing pressures related to the governmentshutdown. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Ross says U.S.-China deal a long way off * Chipmakers push Nasdaq into positive territory * Dow Transports lifted by strong earnings * Dow off 0.33 pct, S&P down 0.15 pct, Nasdaq up 0.4 pct (Updates to late afternoon, changes dateline, byline) By Stephen Culp NEW YORK, Jan 24 (Reuters) - The S&P 500 and the Dow edgedlower on Thursday as lingering anxieties about slowing globalgrowth and unresolved trade disputes kept buyers at bay, butchipmakers rallied to push the Nasdaq into the black. urn:newsml:reuters.com:*:nL1N1ZO0PJ The S&P 500 Airlines index .SPLRCAIR gained 2.8 percent.
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Commercial air carriers American Airlines Group IncAAL.O ,Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O all reported quarterly earnings that surpassed consensusestimates amid growing pressures related to the governmentshutdown. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Ross says U.S.-China deal a long way off * Chipmakers push Nasdaq into positive territory * Dow Transports lifted by strong earnings * Dow off 0.33 pct, S&P down 0.15 pct, Nasdaq up 0.4 pct (Updates to late afternoon, changes dateline, byline) By Stephen Culp NEW YORK, Jan 24 (Reuters) - The S&P 500 and the Dow edgedlower on Thursday as lingering anxieties about slowing globalgrowth and unresolved trade disputes kept buyers at bay, butchipmakers rallied to push the Nasdaq into the black. It's still a lot of uncertaintyon the tariff front and the government shutdown front and yetsome pretty good earnings coming out of corporate America," saidTim Ghriskey, chief investment strategist at Inverness Counselin New York.
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Commercial air carriers American Airlines Group IncAAL.O ,Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O all reported quarterly earnings that surpassed consensusestimates amid growing pressures related to the governmentshutdown. It's still a lot of uncertaintyon the tariff front and the government shutdown front and yetsome pretty good earnings coming out of corporate America," saidTim Ghriskey, chief investment strategist at Inverness Counselin New York. urn:newsml:reuters.com:*:nL1N1ZO0PJ The S&P 500 Airlines index .SPLRCAIR gained 2.8 percent.
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6719.0
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2019-01-24 00:00:00 UTC
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S&P 500, Dow sag on trade worries, chipmakers lift Nasdaq
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AAL
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https://www.nasdaq.com/articles/sp-500-dow-sag-trade-worries-chipmakers-lift-nasdaq-2019-01-24
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nan
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nan
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By Stephen Culp
NEW YORK, Jan 24 () - The S&P 500 and the Dow edged lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes kept buyers at bay, but chipmakers rallied to push the Nasdaq into the black.
While fourth-quarter earnings continued to be generally upbeat, U.S. Commerce Secretary Wilbur Ross' comments that the United States and China were "miles and miles" from reaching a trade agreement curbed investor enthusiasm.
The Philadelphia SE Semiconductor Index, under pressure in recent months after Apple Inc warned of waning smartphone demand, was on track for its biggest one-day percentage gain since Dec. 26, advancing 5.5 percent.
Still, even in the face of upbeat corporate results, fears surrounding tariffs and the longest federal government shutdown in history weighed on investors.
"It's a tale of two cities. It's still a lot of uncertainty on the tariff front and the government shutdown front and yet some pretty good earnings coming out of corporate America," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.
"There's a lot of money on the sidelines. Everybody's fearful of a negative tweet," Ghriskey added. "(The market is) very tenuous and very subject to day-to-day events.
Commercial air carriers American Airlines Group Inc, Southwest Airlines Co and JetBlue Airways Corp all reported quarterly earnings that surpassed consensus estimates amid growing pressures related to the government shutdown.
The S&P 500 Airlines index gained 2.8 percent.
Union Pacific Corp also reported earnings that surprised to the upside. The railroad operator, along with airlines and other companies, is a constituent of the closely watched Dow Jones Transportation index, which was up 0.7 percent.
The Dow Jones Industrial Average fell 81.35 points, or 0.33 percent, to 24,494.27, the S&P 500 lost 3.91 points, or 0.15 percent, to 2,634.79 and the Nasdaq Composite added 27.79 points, or 0.4 percent, to 7,053.56.
Of the 11 major sectors of the S&P 500 six were in the red, with the biggest percentage declines in consumer staples, healthcare and materials
Fourth-quarter reporting season is in full-swing. With nearly one-fifth of S&P 500 companies having reported, 75.3 percent have surpassed Street estimates. Analysts now see S&P profit growth of 14.2 percent for the quarter.
Shares of Textron Inc jumped 6.3 percent after beating analyst profit estimates and forecast better-than-expected 2019 profit.
Mining company Freeport-McMoRan Inc slid 10.9 percent after missing fourth-quarter profit expectations due to falling copper prices.
Intel Corp and Alaska Air Group Inc are expected to report after the markets close.
On the economic front, Americans applying for unemployment insurance fell to more than a 49-year low last week. So far, the government shutdown appears to have had a limited effect on initial jobless claims data.
Advancing issues outnumbered declining ones on the NYSE by a 1.69-to-1 ratio; on Nasdaq, a 1.31-to-1 ratio favored advancers.
The S&P 500 posted six new 52-week highs and one new low; the Nasdaq Composite recorded 20 new highs and 33 new lows.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephen Culp NEW YORK, Jan 24 () - The S&P 500 and the Dow edged lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes kept buyers at bay, but chipmakers rallied to push the Nasdaq into the black. The Philadelphia SE Semiconductor Index, under pressure in recent months after Apple Inc warned of waning smartphone demand, was on track for its biggest one-day percentage gain since Dec. 26, advancing 5.5 percent. Still, even in the face of upbeat corporate results, fears surrounding tariffs and the longest federal government shutdown in history weighed on investors.
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Commercial air carriers American Airlines Group Inc, Southwest Airlines Co and JetBlue Airways Corp all reported quarterly earnings that surpassed consensus estimates amid growing pressures related to the government shutdown. The S&P 500 Airlines index gained 2.8 percent. The Dow Jones Industrial Average fell 81.35 points, or 0.33 percent, to 24,494.27, the S&P 500 lost 3.91 points, or 0.15 percent, to 2,634.79 and the Nasdaq Composite added 27.79 points, or 0.4 percent, to 7,053.56.
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It's still a lot of uncertainty on the tariff front and the government shutdown front and yet some pretty good earnings coming out of corporate America," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. Commercial air carriers American Airlines Group Inc, Southwest Airlines Co and JetBlue Airways Corp all reported quarterly earnings that surpassed consensus estimates amid growing pressures related to the government shutdown. The Dow Jones Industrial Average fell 81.35 points, or 0.33 percent, to 24,494.27, the S&P 500 lost 3.91 points, or 0.15 percent, to 2,634.79 and the Nasdaq Composite added 27.79 points, or 0.4 percent, to 7,053.56.
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The Philadelphia SE Semiconductor Index, under pressure in recent months after Apple Inc warned of waning smartphone demand, was on track for its biggest one-day percentage gain since Dec. 26, advancing 5.5 percent. Commercial air carriers American Airlines Group Inc, Southwest Airlines Co and JetBlue Airways Corp all reported quarterly earnings that surpassed consensus estimates amid growing pressures related to the government shutdown. Intel Corp and Alaska Air Group Inc are expected to report after the markets close.
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6720.0
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2019-01-24 00:00:00 UTC
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American Airlines Group Q4 18 Earnings Conference Call At 8:30 AM ET
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-q4-18-earnings-conference-call-830-am-et-2019-01-24
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nan
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nan
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) will host a conference call at 8:30 AM ET on January 24, 2019, to discuss Q4 18 earnings results.
To access the live webcast, log on to aa.com/investorrelations
Read the original article on RTTNews (http://www.rttnews.com/2972204/american-airlines-group-q4-18-earnings-conference-call-at-8-30-am-et.aspx)
For comments and feedback: contact editorial@rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) will host a conference call at 8:30 AM ET on January 24, 2019, to discuss Q4 18 earnings results. To access the live webcast, log on to aa.com/investorrelations Read the original article on RTTNews (http://www.rttnews.com/2972204/american-airlines-group-q4-18-earnings-conference-call-at-8-30-am-et.aspx) For comments and feedback: contact editorial@rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) will host a conference call at 8:30 AM ET on January 24, 2019, to discuss Q4 18 earnings results. To access the live webcast, log on to aa.com/investorrelations Read the original article on RTTNews (http://www.rttnews.com/2972204/american-airlines-group-q4-18-earnings-conference-call-at-8-30-am-et.aspx) For comments and feedback: contact editorial@rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) will host a conference call at 8:30 AM ET on January 24, 2019, to discuss Q4 18 earnings results. To access the live webcast, log on to aa.com/investorrelations Read the original article on RTTNews (http://www.rttnews.com/2972204/american-airlines-group-q4-18-earnings-conference-call-at-8-30-am-et.aspx) For comments and feedback: contact editorial@rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) will host a conference call at 8:30 AM ET on January 24, 2019, to discuss Q4 18 earnings results. To access the live webcast, log on to aa.com/investorrelations Read the original article on RTTNews (http://www.rttnews.com/2972204/american-airlines-group-q4-18-earnings-conference-call-at-8-30-am-et.aspx) For comments and feedback: contact editorial@rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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6721.0
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2019-01-24 00:00:00 UTC
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US STOCKS-Nasdaq boosted by chip rally, Dow, S&P 500 stall
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AAL
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https://www.nasdaq.com/articles/us-stocks-nasdaq-boosted-chip-rally-dow-sp-500-stall-2019-01-24
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nan
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nan
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(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window)
* Ross says U.S.-China deal a long way off
* Chipmakers lead Nasdaq advance
* Dow Transports lifted by strong earnings
* Dow off 0.09 pct, S&P up 0.14 pct, Nasdaq up 0.68 pct (Updates to market close)
By Stephen Culp
NEW YORK, Jan 24 (Reuters) - The S&P 500 edged higher butthe Dow closed nominally lower on Thursday as lingeringanxieties about slowing global growth and unresolved tradedisputes undercut a spate of strong earnings, while chipmakersrallied to give the Nasdaq a solid gain.
Fourth-quarter earnings continued to be generally positive,but U.S. Commerce Secretary Wilbur Ross' comments that theUnited States and China were "miles and miles" from reaching atrade agreement curbed investor enthusiasm. urn:newsml:reuters.com:*:nL3N1ZO34H
Chipmakers led the Nasdaq's rise, as Xilinx IncXLNX.O andLam Research CorpLRCX.O reported quarterly results that beatanalyst expectations. Texas Instruments IncTXN.O , whileposting better-than-expected profit, disappointed on revenue. urn:newsml:reuters.com:*:nL3N1ZO420
The Philadelphia SE Semiconductor Index .SOX , underpressure in recent months after Apple IncAAPL.O warned ofwaning smartphone demand, was saw its biggest one-day percentagegain since Dec. 26, advancing 5.7 percent.
Still, even in the face of upbeat corporate results, fearssurrounding tariffs and the longest federal government shutdownin history weighed on investors.
"What we're seeing is the positive of strong earnings beingoffset by the very rapidly rising political risks," said OliverPursche, vice chairman and chief market strategist at BrudermanAsset Management in New York. "There continues to be hope, butthen the commerce secretary saying that we're miles apart on aChina trade deal certainly negates that positive."
"Right now markets are going to stay in a relatively tighttrading range until they get some news they can really digestand trade on," Pursche added. "There's no reason to sell butthere's also no reason to buy."
Commercial air carriers American Airlines Group IncAAL.O ,Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O all reported quarterly earnings that surpassed consensusestimates amid growing pressures related to the governmentshutdown. urn:newsml:reuters.com:*:nL1N1ZO0PJ
The S&P 500 Airlines index .SPLRCAIR gained 3.3 percent.
Union Pacific CorpUNP.N also reported earnings thatsurprised to the upside. urn:newsml:reuters.com:*:nL3N1ZO4JL The railroad operator,along with airlines and other companies, is a constituent of theclosely watched Dow Jones Transportation index .DJT , ended thesession up 1.1 percent.
The Dow Jones Industrial Average .DJI fell 22.38 points,or 0.09 percent, to 24,553.24, the S&P 500 .SPX gained 3.63points, or 0.14 percent, to 2,642.33 and the Nasdaq Composite .IXIC added 47.70 points, or 0.68 percent, to 7,073.46.
Of the 11 major sectors of the S&P 500, all but consumerstaples .SPLRCS , healthcare .SPXHC and materials .SPLRCM advanced.
Fourth-quarter reporting season is in full-swing. Withnearly one-fifth of S&P 500 companies having reported, 75.3percent have surpassed Street estimates. Analysts now see S&Pprofit growth of 14.2 percent for the quarter.
Shares of Textron IncTXT.N jumped 5.6 percent afterbeating analyst profit estimates and forecastbetter-than-expected 2019 profit. urn:newsml:reuters.com:*:nL3N1ZO45Y
PG&E CorpPCG.N soared by 74.6 percent after theCalifornia utility was cleared of the 2017 Tubbs fire. urn:newsml:reuters.com:*:nL3N1ZO5IO
Mining company Freeport-McMoRan IncFCX.N slid 13.1percent after missing fourth-quarter profit expectations due tofalling copper prices HGc1 . urn:newsml:reuters.com:*:nL1N1ZO0J1
Intel CorpINTC.O fell in after-hours trading afterreporting lower-than-expected fourth-quarter revenue due toweakening demand.
Advancing issues outnumbered declining ones on the NYSE by a2.15-to-1 ratio; on Nasdaq, a 1.64-to-1 ratio favored advancers.
The S&P 500 posted 9 new 52-week highs and 1 new lows; theNasdaq Composite recorded 27 new highs and 36 new lows.
Volume on U.S. exchanges was 6.94 billion shares, comparedto the 7.88 billion average over the last 20 trading days.
(Reporting by Stephen Culp; Editing by Tom Brown) ((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Commercial air carriers American Airlines Group IncAAL.O ,Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O all reported quarterly earnings that surpassed consensusestimates amid growing pressures related to the governmentshutdown. urn:newsml:reuters.com:*:nL3N1ZO420 The Philadelphia SE Semiconductor Index .SOX , underpressure in recent months after Apple IncAAPL.O warned ofwaning smartphone demand, was saw its biggest one-day percentagegain since Dec. 26, advancing 5.7 percent. "What we're seeing is the positive of strong earnings beingoffset by the very rapidly rising political risks," said OliverPursche, vice chairman and chief market strategist at BrudermanAsset Management in New York.
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Commercial air carriers American Airlines Group IncAAL.O ,Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O all reported quarterly earnings that surpassed consensusestimates amid growing pressures related to the governmentshutdown. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Ross says U.S.-China deal a long way off * Chipmakers lead Nasdaq advance * Dow Transports lifted by strong earnings * Dow off 0.09 pct, S&P up 0.14 pct, Nasdaq up 0.68 pct (Updates to market close) By Stephen Culp NEW YORK, Jan 24 (Reuters) - The S&P 500 edged higher butthe Dow closed nominally lower on Thursday as lingeringanxieties about slowing global growth and unresolved tradedisputes undercut a spate of strong earnings, while chipmakersrallied to give the Nasdaq a solid gain. The Dow Jones Industrial Average .DJI fell 22.38 points,or 0.09 percent, to 24,553.24, the S&P 500 .SPX gained 3.63points, or 0.14 percent, to 2,642.33 and the Nasdaq Composite .IXIC added 47.70 points, or 0.68 percent, to 7,073.46.
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Commercial air carriers American Airlines Group IncAAL.O ,Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O all reported quarterly earnings that surpassed consensusestimates amid growing pressures related to the governmentshutdown. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Ross says U.S.-China deal a long way off * Chipmakers lead Nasdaq advance * Dow Transports lifted by strong earnings * Dow off 0.09 pct, S&P up 0.14 pct, Nasdaq up 0.68 pct (Updates to market close) By Stephen Culp NEW YORK, Jan 24 (Reuters) - The S&P 500 edged higher butthe Dow closed nominally lower on Thursday as lingeringanxieties about slowing global growth and unresolved tradedisputes undercut a spate of strong earnings, while chipmakersrallied to give the Nasdaq a solid gain. urn:newsml:reuters.com:*:nL3N1ZO4JL The railroad operator,along with airlines and other companies, is a constituent of theclosely watched Dow Jones Transportation index .DJT , ended thesession up 1.1 percent.
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Commercial air carriers American Airlines Group IncAAL.O ,Southwest Airlines CoLUV.N and JetBlue Airways CorpJBLU.O all reported quarterly earnings that surpassed consensusestimates amid growing pressures related to the governmentshutdown. urn:newsml:reuters.com:*:nL1N1ZO0PJ The S&P 500 Airlines index .SPLRCAIR gained 3.3 percent. Shares of Textron IncTXT.N jumped 5.6 percent afterbeating analyst profit estimates and forecastbetter-than-expected 2019 profit.
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6722.0
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2019-01-24 00:00:00 UTC
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Nasdaq Outperforms on Semiconductor Stock Strength
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AAL
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https://www.nasdaq.com/articles/nasdaq-outperforms-semiconductor-stock-strength-2019-01-24
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The Dow started the session in the red following hawkish comments from Commerce Secretary Wilbur Ross on U.S.-China trade negotiations -- though it was Ross's confusion over furloughed federal workers visiting food banks that became a major news story. The blue-chip index made a couple of brief forays into positive territory as well-received earnings out of the semiconductor sector fueled a strong day for tech stocks . But while the Nasdaq and S&P 500 managed wins in today's session, the Dow wasn't so resilient, as big-cap pharma stocks dropped on Bristol-Myers Squibb's ( BMY ) disappointing data .
Continue reading for more on today's market, including:
The Citron note that spurred red-hot call volume.
2 chart patterns that nailed YY stock's big move.
The cybersecurity stock Wedbush turned bullish on.
Plus, Intel call options hot; Caterpillar's red flag; and the chip stock at new highs.
The Dow Jones Industrial Average (DJI - 24,553.24) explored a 203-point range on both sides of breakeven before settling with a 22.4-point, or 0.09%, loss. Merck ( MRK ) led the 17 Dow decliners with its 3% drop, while Intel ( INTC ) paced the 13 advancers with its 3.8% gain.
The S&P 500 Index (SPX - 2,642.33) gained 3.6 points, or 0.1%, while the Nasdaq Composite (IXIC - 7,073.46) added 47.7 points, or 0.7%.
The Cboe Volatility Index (VIX - 18.89) shed 0.6 point, or 3.2%, to close below its 50-day moving average for a 14th straight session.
5 Items on our Radar Today
A group of 15 senators -- including Democrats Chuck Schumer of New York and Kamala Harris of California -- sent a letter calling on the Federal Trade Commission ( FTC ) and the Federal Communications Commission (FCC) to investigate the sale of location data by wireless carriers without user consent. This echoes a similar move made by lawmakers earlier this month, though the FCC said that probe was temporarily suspended due to the government shutdown. ( CNET )
Some of the major U.S. airlines reported earnings today, with American Airlines ( AAL ), JetBlue (JBLU), and Southwest Airlines (LUV) rallying on profit beats. However, the companies warned the government shutdown could have a negative impact on the air travel industry, with JetBlue CEO Robin Hayes warning of a "tipping point" the longer it goes on. ( Reuters )
Intel saw a surge in pre-earnings call volume .
Caterpillar stock flashed a technical warning .
This chip stock rallied to record highs after an upbeat forecast.
Data courtesy of Trade-Alert
Stronger Dollar Weighs on Gold Futures
The price of oil rose today as heightened expectations for U.S. sanctions on Venezuelan crude exports offset an unexpected weekly rise in domestic supplies. March-dated crude futures closed up 51 cents, or 1%, at $53.13 per barrel.
Gold prices took a hit as the U.S. dollar strengthened. Gold for April delivery -- now the most-active contract -- dropped $4.30, or 0.3%, to settle at $1,285.90 an ounce.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( CNET ) Some of the major U.S. airlines reported earnings today, with American Airlines ( AAL ), JetBlue (JBLU), and Southwest Airlines (LUV) rallying on profit beats. The blue-chip index made a couple of brief forays into positive territory as well-received earnings out of the semiconductor sector fueled a strong day for tech stocks . But while the Nasdaq and S&P 500 managed wins in today's session, the Dow wasn't so resilient, as big-cap pharma stocks dropped on Bristol-Myers Squibb's ( BMY ) disappointing data .
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( CNET ) Some of the major U.S. airlines reported earnings today, with American Airlines ( AAL ), JetBlue (JBLU), and Southwest Airlines (LUV) rallying on profit beats. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( CNET ) Some of the major U.S. airlines reported earnings today, with American Airlines ( AAL ), JetBlue (JBLU), and Southwest Airlines (LUV) rallying on profit beats. But while the Nasdaq and S&P 500 managed wins in today's session, the Dow wasn't so resilient, as big-cap pharma stocks dropped on Bristol-Myers Squibb's ( BMY ) disappointing data . 5 Items on our Radar Today A group of 15 senators -- including Democrats Chuck Schumer of New York and Kamala Harris of California -- sent a letter calling on the Federal Trade Commission ( FTC ) and the Federal Communications Commission (FCC) to investigate the sale of location data by wireless carriers without user consent.
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( CNET ) Some of the major U.S. airlines reported earnings today, with American Airlines ( AAL ), JetBlue (JBLU), and Southwest Airlines (LUV) rallying on profit beats. Plus, Intel call options hot; Caterpillar's red flag; and the chip stock at new highs. The Cboe Volatility Index (VIX - 18.89) shed 0.6 point, or 3.2%, to close below its 50-day moving average for a 14th straight session.
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6723.0
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2019-01-24 00:00:00 UTC
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American Airlines quarterly profit rises 8.3 percent
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AAL
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https://www.nasdaq.com/articles/american-airlines-quarterly-profit-rises-83-percent-2019-01-24
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Jan 24 () - American Airlines Group Inc on Thursday reported an 8.3 percent rise in quarterly profit, helped by higher fares.
The No. 1 U.S. airline by passenger traffic said net income, excluding special items, rose to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, from $444 million, or 93 cents per share, a year earlier.
Total operating revenue rose 3.1 percent to $10.94 billion.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Jan 24 () - American Airlines Group Inc on Thursday reported an 8.3 percent rise in quarterly profit, helped by higher fares. 1 U.S. airline by passenger traffic said net income, excluding special items, rose to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, from $444 million, or 93 cents per share, a year earlier. Total operating revenue rose 3.1 percent to $10.94 billion.
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1 U.S. airline by passenger traffic said net income, excluding special items, rose to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, from $444 million, or 93 cents per share, a year earlier. Total operating revenue rose 3.1 percent to $10.94 billion. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Jan 24 () - American Airlines Group Inc on Thursday reported an 8.3 percent rise in quarterly profit, helped by higher fares. 1 U.S. airline by passenger traffic said net income, excluding special items, rose to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, from $444 million, or 93 cents per share, a year earlier. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Jan 24 () - American Airlines Group Inc on Thursday reported an 8.3 percent rise in quarterly profit, helped by higher fares. 1 U.S. airline by passenger traffic said net income, excluding special items, rose to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, from $444 million, or 93 cents per share, a year earlier. Total operating revenue rose 3.1 percent to $10.94 billion.
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6724.0
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2019-01-24 00:00:00 UTC
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American Airlines quarterly profit beats on higher fares
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AAL
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https://www.nasdaq.com/articles/american-airlines-quarterly-profit-beats-higher-fares-2019-01-24
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Jan 24 () - No. 1 U.S. carrier American Airlines posted on Thursday quarterly profit and 2019 guidance that beat Wall Street estimates thanks to higher fares and healthy passenger demand, sending its shares up nearly 6 percent.
Smaller rivals Delta Air Lines Inc and United Airlines had kicked off fourth-quarter earnings earlier this month with profits that also beat analysts' expectations.
No. 2 U.S. carrier Delta, however, warned of slower revenue growth in the current quarter due to lost government business and of difficulties in introducing new aircraft because of the U.S. government shutdown that has dragged into its 34th day.
A fall in unit revenue growth to less than 2 percent in the fourth quarter had sent American's shares spinning lower when it flagged the number earlier this month.
Still, American said it expects its revenue growth to outpace rivals. It forecast $1 billion of additional revenue in 2019 as it continues to optimize its network, expands its Premium Economy product and adds new gates at its Dallas-Fort Worth and Charlotte hubs.
The company also said it sees more than $300 million of cost savings in 2019.
Thursday's numbers showed fuel expenses rose almost 20 percent in the quarter.
The company forecast full-year earnings per share to rise between 21 percent and 65 percent, well above the 30 percent increase expected by analysts on average, according to IBES data from Refinitiv.
The No. 1 U.S. airline by passenger traffic said net income, excluding special items, rose 8.3 percent to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, beating analysts' estimate of $1.01 per share.
Total operating revenue rose 3.1 percent to $10.94 billion.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1 U.S. carrier American Airlines posted on Thursday quarterly profit and 2019 guidance that beat Wall Street estimates thanks to higher fares and healthy passenger demand, sending its shares up nearly 6 percent. Smaller rivals Delta Air Lines Inc and United Airlines had kicked off fourth-quarter earnings earlier this month with profits that also beat analysts' expectations. It forecast $1 billion of additional revenue in 2019 as it continues to optimize its network, expands its Premium Economy product and adds new gates at its Dallas-Fort Worth and Charlotte hubs.
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1 U.S. carrier American Airlines posted on Thursday quarterly profit and 2019 guidance that beat Wall Street estimates thanks to higher fares and healthy passenger demand, sending its shares up nearly 6 percent. Smaller rivals Delta Air Lines Inc and United Airlines had kicked off fourth-quarter earnings earlier this month with profits that also beat analysts' expectations. 1 U.S. airline by passenger traffic said net income, excluding special items, rose 8.3 percent to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, beating analysts' estimate of $1.01 per share.
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A fall in unit revenue growth to less than 2 percent in the fourth quarter had sent American's shares spinning lower when it flagged the number earlier this month. The company forecast full-year earnings per share to rise between 21 percent and 65 percent, well above the 30 percent increase expected by analysts on average, according to IBES data from Refinitiv. 1 U.S. airline by passenger traffic said net income, excluding special items, rose 8.3 percent to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, beating analysts' estimate of $1.01 per share.
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Smaller rivals Delta Air Lines Inc and United Airlines had kicked off fourth-quarter earnings earlier this month with profits that also beat analysts' expectations. A fall in unit revenue growth to less than 2 percent in the fourth quarter had sent American's shares spinning lower when it flagged the number earlier this month. 1 U.S. airline by passenger traffic said net income, excluding special items, rose 8.3 percent to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, beating analysts' estimate of $1.01 per share.
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6725.0
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2019-01-24 00:00:00 UTC
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American Airlines profit and forecast beat on higher fares
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AAL
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https://www.nasdaq.com/articles/american-airlines-profit-and-forecast-beat-higher-fares-2019-01-24
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Jan 24 () - No. 1 U.S. carrier American Airlines posted on Thursday quarterly profit and 2019 guidance that beat Wall Street estimates thanks to higher fares and healthy passenger demand, sending its shares up nearly 6 percent.
Smaller rivals Delta Air Lines Inc and United Airlines had kicked off fourth-quarter earnings earlier this month with profits that also beat analysts' expectations.
No. 2 U.S. carrier Delta, however, warned of slower revenue growth in the current quarter due to lost government business and of difficulties in introducing new aircraft because of the U.S. government shutdown that has dragged into its 34th day.
A fall in unit revenue growth to less than 2 percent in the fourth quarter had sent American's shares spinning lower when it flagged the number earlier this month.
Still, American said it expects its revenue growth to outpace rivals. It forecast $1 billion of additional revenue in 2019 as it continues to optimize its network, expands its Premium Economy product and adds new gates at its Dallas-Fort Worth and Charlotte hubs.
The company also said it sees more than $300 million of cost savings in 2019.
Thursday's numbers showed fuel expenses rose almost 20 percent in the quarter.
The company forecast full-year earnings per share to rise between 21 percent and 65 percent, well above the 30 percent increase expected by analysts on average, according to IBES data from Refinitiv.
The No. 1 U.S. airline by passenger traffic said net income, excluding special items, rose 8.3 percent to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, beating analysts' estimate of $1.01 per share.
Total operating revenue rose 3.1 percent to $10.94 billion.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1 U.S. carrier American Airlines posted on Thursday quarterly profit and 2019 guidance that beat Wall Street estimates thanks to higher fares and healthy passenger demand, sending its shares up nearly 6 percent. Smaller rivals Delta Air Lines Inc and United Airlines had kicked off fourth-quarter earnings earlier this month with profits that also beat analysts' expectations. It forecast $1 billion of additional revenue in 2019 as it continues to optimize its network, expands its Premium Economy product and adds new gates at its Dallas-Fort Worth and Charlotte hubs.
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1 U.S. carrier American Airlines posted on Thursday quarterly profit and 2019 guidance that beat Wall Street estimates thanks to higher fares and healthy passenger demand, sending its shares up nearly 6 percent. Smaller rivals Delta Air Lines Inc and United Airlines had kicked off fourth-quarter earnings earlier this month with profits that also beat analysts' expectations. 1 U.S. airline by passenger traffic said net income, excluding special items, rose 8.3 percent to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, beating analysts' estimate of $1.01 per share.
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A fall in unit revenue growth to less than 2 percent in the fourth quarter had sent American's shares spinning lower when it flagged the number earlier this month. The company forecast full-year earnings per share to rise between 21 percent and 65 percent, well above the 30 percent increase expected by analysts on average, according to IBES data from Refinitiv. 1 U.S. airline by passenger traffic said net income, excluding special items, rose 8.3 percent to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, beating analysts' estimate of $1.01 per share.
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Smaller rivals Delta Air Lines Inc and United Airlines had kicked off fourth-quarter earnings earlier this month with profits that also beat analysts' expectations. A fall in unit revenue growth to less than 2 percent in the fourth quarter had sent American's shares spinning lower when it flagged the number earlier this month. 1 U.S. airline by passenger traffic said net income, excluding special items, rose 8.3 percent to $481 million, or $1.04 per share, in the fourth quarter ended Dec. 31, beating analysts' estimate of $1.01 per share.
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6726.0
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2019-01-23 00:00:00 UTC
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Airline Stock Roundup: RYAAY's Bearish FY19 Profit View, SAVE, CPA in Focus
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-ryaays-bearish-fy19-profit-view-save-cpa-in-focus-2019-01-23
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In the past week, Ryanair Holdings RYAAY lowered its profitability forecast for fiscal 2019 (ending Mar 31, 2019). Anticipated low airfares for winter induced the European carrier to trim its view.
Moving across the Atlantic to the United States, Spirit Airlines SAVE raised its fourth-quarter view for total revenues per available seat miles (TRASM: a key measure of unit revenues). The Miramar, FL-based carrier, which is expected to reveal its fourth-quarter results on Feb 5, attributed the decision to strong yields during the peak season.
Meanwhile, ManaAir LLC - a United Airlines joint venture - completed the previously announced ExpressJet Airlines buyout. Notably, United Airlines is United Continental's UAL wholly-owned subsidiary.
Copa Holdings CPA was another major newsmaker, courtesy of its December traffic report. Load factor (% of seats filled by passengers) declined at this Latin-American carrier as traffic growth was outpaced by capacity expansion.
(Read the last Airline Stock Roundup for Jan 16, 2019 )
Recap of the Past Week's Most Important Stories
1. Ryanair expects profit after tax in the €1-€1.1 billion range compared with €1.1-€1.2 billion projected earlier. Winter fares are anticipated to decline 7% year over year, wider than the earlier projection of a 2% decrease. The guidance, however, excludes data from the LaudaMotion unit, which was acquired by Ryanair in calendar 2018. Start-up losses from the unit are expected to be €140 million in fiscal 2019. (Read more: Ryanair Trims FY19 Profit Forecast, Stock Down 3% ).
2. Spirit Airlines now expects total revenue per available seat miles (TRASM: a key measure of unit revenues) to increase approximately 11.4% year over year (the earlier view had called for this metric to increase approximately 11%). The carrier expects capacity to expand 16.2% in the soon-to-be-reported quarter, higher than the prior estimate of a 15% increase.
This Zacks Rank #1 (Strong Buy) carrier expects non-fuel unit costs (adjusted) to increase 5.5% (earlier the company had predicted the metric to rise 5-5.5% year over year). Economic fuel cost is now projected to be $2.26 per gallon compared with $2.27 estimated earlier. You can see the complete list of today's Zacks #1 Rank stocks here .
3. At Copa Holdings, consolidated traffic (measured in revenue passenger miles or RPMs) for December came in at 1.9 billion, up 5.3% from the year-ago figure. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 6% to 2.3 billion. For full-year 2018, Copa Holdings generated RPMs of 21.5 billion (up 8.1% year over year) and ASMs of 25.8 billion (up 7.9% year over year) (read more: Copa Holdings' December Traffic Rises, Load Factor Down ).
4. SkyWest's SKYW erstwhile subsidiary, ExpressJet Airlines, has been taken over by ManaAir LLC. At the time of announcing the deal in December 2018, SkyWest had said that it is valued at $70 million. ExpressJet, which flies for United Airlines, aims to expand its fleet size with 25 new dual-class Embraer E175 jets in 2019. First of the 25 planes is scheduled to be delivered in April.
In another development, ExpressJet increased its pilot sign-on bonus to $22,000. Pilots with an eligible type rating will receive an additional $5,000. We believe, the move is aimed at combating the shortage of pilots bothering regional carriers.
Price Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
The table above shows that majority of the airline stocks traded in the red over the last week leading to the NYSE ARCA Airline Index's decline over the past week. Over the course of six months, the sector tracker decreased 6% despite impressive gains at the likes of GOL Linhas and Spirit Airlines.
What's Next in the Airline Space?
Industry heavyweights American Airlines AAL , Alaska Air Group, JetBlue Airways and Southwest Airlines LUV are scheduled to report their respective fourth-quarter results on Jan 24.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 - 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
See Stocks Today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Copa Holdings, S.A. (CPA): Free Stock Analysis Report
Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
SkyWest, Inc. (SKYW): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Industry heavyweights American Airlines AAL , Alaska Air Group, JetBlue Airways and Southwest Airlines LUV are scheduled to report their respective fourth-quarter results on Jan 24. Click to get this free report Copa Holdings, S.A. (CPA): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The Miramar, FL-based carrier, which is expected to reveal its fourth-quarter results on Feb 5, attributed the decision to strong yields during the peak season.
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Click to get this free report Copa Holdings, S.A. (CPA): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Industry heavyweights American Airlines AAL , Alaska Air Group, JetBlue Airways and Southwest Airlines LUV are scheduled to report their respective fourth-quarter results on Jan 24. Spirit Airlines now expects total revenue per available seat miles (TRASM: a key measure of unit revenues) to increase approximately 11.4% year over year (the earlier view had called for this metric to increase approximately 11%).
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Click to get this free report Copa Holdings, S.A. (CPA): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Industry heavyweights American Airlines AAL , Alaska Air Group, JetBlue Airways and Southwest Airlines LUV are scheduled to report their respective fourth-quarter results on Jan 24. Spirit Airlines now expects total revenue per available seat miles (TRASM: a key measure of unit revenues) to increase approximately 11.4% year over year (the earlier view had called for this metric to increase approximately 11%).
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Industry heavyweights American Airlines AAL , Alaska Air Group, JetBlue Airways and Southwest Airlines LUV are scheduled to report their respective fourth-quarter results on Jan 24. Click to get this free report Copa Holdings, S.A. (CPA): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. This Zacks Rank #1 (Strong Buy) carrier expects non-fuel unit costs (adjusted) to increase 5.5% (earlier the company had predicted the metric to rise 5-5.5% year over year).
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6727.0
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2019-01-23 00:00:00 UTC
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After Hours Most Active for Jan 23, 2019 : NLY, GRPN, CZR, HPQ, CMCSA, AAL, BAC, EPD, D, ORCL, INTC, FOXA
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AAL
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https://www.nasdaq.com/articles/after-hours-most-active-jan-23-2019-nly-grpn-czr-hpq-cmcsa-aal-bac-epd-d-orcl-intc-foxa
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The NASDAQ 100 After Hours Indicator is up 7.59 to 6,666.35. The total After hours volume is currently 57,483,215 shares traded.
The following are the most active stocks for the after hours session :
Annaly Capital Management Inc ( NLY ) is -0.0001 at $10.31, with 3,266,914 shares traded. NLY's current last sale is 98.19% of the target price of $10.5.
Groupon, Inc. ( GRPN ) is +0.03 at $3.62, with 3,187,437 shares traded. GRPN's current last sale is 75.42% of the target price of $4.8.
Caesars Entertainment Corporation ( CZR ) is -0.1399 at $8.52, with 3,138,827 shares traded. As reported by Zacks, the current mean recommendation for CZR is in the "buy range".
HP Inc. ( HPQ ) is +0.06 at $21.50, with 2,965,753 shares traded. HPQ's current last sale is 78.18% of the target price of $27.5.
Comcast Corporation ( CMCSA ) is -0.05 at $36.84, with 2,345,856 shares traded. Reuters Reports: Wall St edges higher as upbea t earnings dampened by trade, shutdown woes
American Airlines Group, Inc. ( AAL ) is +0.1 at $31.75, with 2,270,014 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2019. The consensus EPS forecast is $2.07. AAL is scheduled to provide an earnings report on 1/24/2019, for the fiscal quarter ending Dec2018. The consensus earnings per share forecast is 1.05 per share, which represents a 95 percent increase over the EPS one Year Ago
Bank of America Corporation ( BAC ) is -0.03 at $28.89, with 2,265,958 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2019. The consensus EPS forecast is $0.75. As reported by Zacks, the current mean recommendation for BAC is in the "buy range".
Enterprise Products Partners L.P. ( EPD ) is unchanged at $27.21, with 2,066,724 shares traded. EPD's current last sale is 82.45% of the target price of $33.
Dominion Energy, Inc. ( D ) is unchanged at $69.43, with 1,808,236 shares traded. D's current last sale is 96.43% of the target price of $72.
Oracle Corporation ( ORCL ) is +0.26 at $49.50, with 1,769,729 shares traded. ORCL's current last sale is 93.4% of the target price of $53.
Intel Corporation ( INTC ) is +0.16 at $48.10, with 1,603,805 shares traded.INTC is scheduled to provide an earnings report on 1/24/2019, for the fiscal quarter ending Dec2018. The consensus earnings per share forecast is 1.22 per share, which represents a 108 percent increase over the EPS one Year Ago
Twenty-First Century Fox, Inc. ( FOXA ) is unchanged at $48.65, with 1,220,803 shares traded. As reported by Zacks, the current mean recommendation for FOXA 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Reuters Reports: Wall St edges higher as upbea t earnings dampened by trade, shutdown woes American Airlines Group, Inc. ( AAL ) is +0.1 at $31.75, with 2,270,014 shares traded. AAL is scheduled to provide an earnings report on 1/24/2019, for the fiscal quarter ending Dec2018. The following are the most active stocks for the after hours session : Annaly Capital Management Inc ( NLY ) is -0.0001 at $10.31, with 3,266,914 shares traded.
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AAL is scheduled to provide an earnings report on 1/24/2019, for the fiscal quarter ending Dec2018. Reuters Reports: Wall St edges higher as upbea t earnings dampened by trade, shutdown woes American Airlines Group, Inc. ( AAL ) is +0.1 at $31.75, with 2,270,014 shares traded. The consensus earnings per share forecast is 1.05 per share, which represents a 95 percent increase over the EPS one Year Ago Bank of America Corporation ( BAC ) is -0.03 at $28.89, with 2,265,958 shares traded.
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Reuters Reports: Wall St edges higher as upbea t earnings dampened by trade, shutdown woes American Airlines Group, Inc. ( AAL ) is +0.1 at $31.75, with 2,270,014 shares traded. AAL is scheduled to provide an earnings report on 1/24/2019, for the fiscal quarter ending Dec2018. The consensus earnings per share forecast is 1.05 per share, which represents a 95 percent increase over the EPS one Year Ago Bank of America Corporation ( BAC ) is -0.03 at $28.89, with 2,265,958 shares traded.
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Reuters Reports: Wall St edges higher as upbea t earnings dampened by trade, shutdown woes American Airlines Group, Inc. ( AAL ) is +0.1 at $31.75, with 2,270,014 shares traded. AAL is scheduled to provide an earnings report on 1/24/2019, for the fiscal quarter ending Dec2018. The NASDAQ 100 After Hours Indicator is up 7.59 to 6,666.35.
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6728.0
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2019-01-23 00:00:00 UTC
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Pre-Market Earnings Report for January 24, 2019 : UNP, BMY, AEP, LUV, RCI, FCX, GWW, MKC, AAL, HBAN, TXT, TAL
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AAL
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https://www.nasdaq.com/articles/pre-market-earnings-report-january-24-2019-unp-bmy-aep-luv-rci-fcx-gww-mkc-aal-hban-txt
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The following companies are expected to repor t earnings prior to market open on 01/24/2019. Visit our Earnings Calendar for a full list of expected earnings releases.
Union Pacific Corporation ( UNP ) is reporting for the quarter ending December 31, 2018. The transportation (rail) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $2.06. This value represents a 34.64% increase compared to the same quarter last year. UNP missed the consensus earnings per share in the 4th calendar quarter of 2017 by -0.65%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for UNP is 19.75 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Bristol-Myers Squibb Company ( BMY ) is reporting for the quarter ending December 31, 2018. The large cap pharmaceutical company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.85. This value represents a 25.00% increase compared to the same quarter last year. In the past year BMY has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 19.78%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for BMY is 12.78 vs. an industry ratio of 15.30.
American Electric Power Company, Inc. ( AEP ) is reporting for the quarter ending December 31, 2018. The electric power utilities company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.71. This value represents a 16.47% decrease compared to the same quarter last year. AEP missed the consensus earnings per share in the 1st calendar quarter of 2018 by -3.03%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AEP is 19.34 vs. an industry ratio of 12.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Southwest Airlines Company ( LUV ) is reporting for the quarter ending December 31, 2018. The airline company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.06. This value represents a 37.66% increase compared to the same quarter last year. In the past year LUV has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for LUV is 12.24 vs. an industry ratio of 8.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Rogers Communication, Inc. ( RCI ) is reporting for the quarter ending December 31, 2018. The cable tv company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.81. This value represents a 17.39% increase compared to the same quarter last year. In the past year RCI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.68%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for RCI is 17.03 vs. an industry ratio of 26.10.
Freeport-McMoran, Inc. ( FCX ) is reporting for the quarter ending December 31, 2018. The mining company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.21. This value represents a 58.82% decrease compared to the same quarter last year. FCX missed the consensus earnings per share in the 1st calendar quarter of 2018 by -20.69%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for FCX is 7.50 vs. an industry ratio of -13.30, implying that they will have a higher earnings growth than their competitors in the same industry.
W.W. Grainger, Inc. ( GWW ) is reporting for the quarter ending December 31, 2018. The industrial services company's consensus earnings per share forecast from the 10 analysts that follow the stock is $3.60. This value represents a 22.45% increase compared to the same quarter last year. In the past year GWW has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.81%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for GWW is 18.42 vs. an industry ratio of 11.40, implying that they will have a higher earnings growth than their competitors in the same industry.
McCormick & Company, Incorporated ( MKC ) is reporting for the quarter ending November 30, 2018. The food company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.69. This value represents a 9.74% increase compared to the same quarter last year. In the past year MKC has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for MKC is 27.82 vs. an industry ratio of 6.60, implying that they will have a higher earnings growth than their competitors in the same industry.
American Airlines Group, Inc. ( AAL ) is reporting for the quarter ending December 31, 2018. The airline company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.05. This value represents a 10.53% increase compared to the same quarter last year. In the past year AAL has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 0.89%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAL is 7.21 vs. an industry ratio of 8.10.
Huntington Bancshares Incorporated ( HBAN ) is reporting for the quarter ending December 31, 2018. The bank (midwest) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.31. This value represents a 19.23% increase compared to the same quarter last year. In the past year HBAN has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for HBAN is 11.08 vs. an industry ratio of 12.60.
Textron Inc. ( TXT ) is reporting for the quarter ending December 31, 2018. The aerospace and defense company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.99. This value represents a 33.78% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for TXT is 15.19 vs. an industry ratio of 8.10, implying that they will have a higher earnings growth than their competitors in the same industry.
TAL Education Group ( TAL ) is reporting for the quarter ending November 30, 2018. The education (school) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.05. This value represents a 28.57% decrease compared to the same quarter last year. In the past year TAL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2019 Price to Earnings ratio for TAL is 70.91 vs. an industry ratio of 13.20, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. ( AAL ) is reporting for the quarter ending December 31, 2018. In the past year AAL has beat the expectations every quarter. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAL is 7.21 vs. an industry ratio of 8.10.
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American Airlines Group, Inc. ( AAL ) is reporting for the quarter ending December 31, 2018. In the past year AAL has beat the expectations every quarter. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAL is 7.21 vs. an industry ratio of 8.10.
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American Airlines Group, Inc. ( AAL ) is reporting for the quarter ending December 31, 2018. In the past year AAL has beat the expectations every quarter. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAL is 7.21 vs. an industry ratio of 8.10.
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American Airlines Group, Inc. ( AAL ) is reporting for the quarter ending December 31, 2018. In the past year AAL has beat the expectations every quarter. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AAL is 7.21 vs. an industry ratio of 8.10.
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6729.0
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2019-01-23 00:00:00 UTC
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U.S. airlines tap army helicopter pilots to ease shortage
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AAL
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https://www.nasdaq.com/articles/us-airlines-tap-army-helicopter-pilots-ease-shortage-2019-01-23
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By Tracy Rucinski
CHICAGO, Jan 23 () - U.S. Army pilot Shaun Perez spent ten hours flying an Apache helicopter over Afghanistan, providing gun cover for Special Forces soldiers on the ground as they hunted for high-value targets, guns and weapons.
Returning to his base at dawn, he donned a fresh uniform before shutting himself into a small room to secure the next stage of his career - as a commercial airline pilot.
Perez took advantage of one of the tightest labor markets in the United States, created by years of slow hiring, a wave of pending retirements at major U.S. airlines, and Federal Aviation Administration rules that in 2013 increased the number of required training hours from 250 to 1,500.
The industry's aggressive recruitment of military helicopter pilots is one of the most striking examples yet of the contortions required to quickly train new commercial aviators since the FAA increased the minimum flying requirement. The pilot shortage threatens the industry's growth just as travel demand booms.
Airlines have been forced to more than double starting salaries to $54,000, excluding bonuses, in 2018 from $21,000 a decade ago, according to aviation consultant Kit Darby. Graphic:
Perez, 38, now flies under the banner of United Express, the regional branch of United Airlines, at a strong starting salary with his training costs covered.
Ten U.S. regional carriers are offering helicopter pilots like Perez up to $50,000 to pay for commercial airplane training, and in some cases additional signing bonuses, according to a survey by .
"This is the first time that the industry is committing direct funds, basically a subsidy, to get that training quickly," said Bryan Simmons, president of Coast Flight Training, which pioneered the so-called rotor transition program for helicopter pilots with American Airlines Group Inc's regional subsidiary, Envoy, in San Diego.
Perez was offered $38,000 by Trans State Airlines for training that cost him $20,000. He got to keep the difference, and within months of leaving Afghanistan, was flying a 50-seater regional passenger jet.
He said he is taking home about $3,200 a month with the prospect of earning far more once he moves up to a large U.S. carrier. Graphic:
"Even if you had to pay $100,000 for training, you're going into a field where you know you're going to make that money back and more," Perez said.
Regional airlines' helicopter transition programs offer flow-through agreements with mainline carriers, providing new pilots an interview - and in some cases, a job - with a major within a few years.
To fly a multi-engine passenger jet - which can travel about five times faster than helicopters and has more complex control panels - helicopter veterans need to complete fixed-wing FAA ratings and required flight time.
The transition feels natural to Perez.
"We took multiple ground fire; we had hard missions," he said. "But once we step into that (airline) cockpit, we're humble and we work hard."
CLEVER WORKAROUND
A key reason airlines are chasing military pilots is because the new FAA training rules only require them to have 750 hours of additional training, half the 1,500 required of civilians seeking a commercial pilot license.
Military helicopter pilots from the military only need additional training in flying fixed-wing aircraft, which takes about 90 days. For civilians, obtaining a commercial pilot license can take years and cost more than $100,000.
"We've stumbled upon the quickest solution to the pilot shortage," said Erik Sabiston, an Army veteran turned commercial pilot who founded Rotary to Airline Group in Dec. 2017 to help helicopter, or rotor, pilots make the transition to passenger jets. The not-for-profit group, with more than 7,000 pilots and mechanics, also assists airlines in designing rotor transition programs.
American Airlines' regional carrier Envoy said more than a quarter of its 701 new pilots in 2018 came from military helicopters, compared with 11 percent in 2017 and 5 percent in 2016. It plans to hire 626 pilots in 2019, with about a quarter of those expected to come through its rotor program.
"It's an untapped pool of pilots that hadn't been brought to anyone's attention before," Envoy pilot recruiter Megan Liotta said.
Former military helicopter pilots generally adapt quickly to the differences in a jet's speed and controls and have a higher success rate in landing jobs than other aspiring aviators, recruiters said.
"They come from an environment that has trained them to think on their feet and be very adaptable," said David Tatum, director of pilot recruitment for American.
For former military pilots, the surge in interest from airlines helps replace the shrinking number of jobs flying helicopters to offshore oil rigs.
A Envoy pilot hired today makes about $60,000 or more in their first year as a first officer. They can expect to upgrade to captain, at a higher pay scale, within two years before moving on to No. 1 U.S. carrier American within six years, the company said. Top-end salaries at American surpass $300,000.
RISING SALARIES, COSTS
As regional airlines pay more to attract and retain pilots, their services are becoming more expensive for major national airlines that have increasingly used the regionals for domestic routes to cut costs.
Under those contracts, called capacity purchase agreements, labor costs are factored into the prices that the mainline carriers pay the regionals for their service.
"Their cost saving method is losing a bit of steam," said Andrew Watterson, chief revenue officer for Southwest Airlines Co, which does not partner with regional carriers.
Aviation consultant Samuel Engel said a 50 percent increase in pilot costs at the regional carriers would amount to a 7.7 percent increase in overall costs per seat-mile on a 70-seater, erasing some of the cost advantage of regional aircraft on a per-seat-mile basis.
So far, airlines have succeeded in passing on rising costs to passengers, often through extra charges for luggage or preferred seating. But analysts have questioned their ability to continue raising fees.
Boeing Co estimates a need for 790,000 new pilots in the commercial aviation, business aviation, and civil helicopter industries over the next two decades.
"The problem is," Darby said, "we're still not creating enough pilots ... to meet the need."
GRAPHIC: How airlines pay their top pilots
GRAPHIC: Airlines raise pay, offer training to ease pilot shortage
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Perez took advantage of one of the tightest labor markets in the United States, created by years of slow hiring, a wave of pending retirements at major U.S. airlines, and Federal Aviation Administration rules that in 2013 increased the number of required training hours from 250 to 1,500. Regional airlines' helicopter transition programs offer flow-through agreements with mainline carriers, providing new pilots an interview - and in some cases, a job - with a major within a few years. Former military helicopter pilots generally adapt quickly to the differences in a jet's speed and controls and have a higher success rate in landing jobs than other aspiring aviators, recruiters said.
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By Tracy Rucinski CHICAGO, Jan 23 () - U.S. Army pilot Shaun Perez spent ten hours flying an Apache helicopter over Afghanistan, providing gun cover for Special Forces soldiers on the ground as they hunted for high-value targets, guns and weapons. Regional airlines' helicopter transition programs offer flow-through agreements with mainline carriers, providing new pilots an interview - and in some cases, a job - with a major within a few years. GRAPHIC: How airlines pay their top pilots GRAPHIC: Airlines raise pay, offer training to ease pilot shortage The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A key reason airlines are chasing military pilots is because the new FAA training rules only require them to have 750 hours of additional training, half the 1,500 required of civilians seeking a commercial pilot license. "We've stumbled upon the quickest solution to the pilot shortage," said Erik Sabiston, an Army veteran turned commercial pilot who founded Rotary to Airline Group in Dec. 2017 to help helicopter, or rotor, pilots make the transition to passenger jets. GRAPHIC: How airlines pay their top pilots GRAPHIC: Airlines raise pay, offer training to ease pilot shortage The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Military helicopter pilots from the military only need additional training in flying fixed-wing aircraft, which takes about 90 days. A Envoy pilot hired today makes about $60,000 or more in their first year as a first officer. 1 U.S. carrier American within six years, the company said.
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6730.0
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2019-01-21 00:00:00 UTC
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Has American Airlines Group (AAL) Outpaced Other Transportation Stocks This Year?
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AAL
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https://www.nasdaq.com/articles/has-american-airlines-group-aal-outpaced-other-transportation-stocks-this-year-2019-01-21
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Investors focused on the Transportation space have likely heard of American Airlines Group (AAL), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.
American Airlines Group is a member of the Transportation sector. This group includes 150 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AAL is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAL's full-year earnings has moved 11.44% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AAL has moved about 5.79% on a year-to-date basis. In comparison, Transportation companies have returned an average of 10.59%. This means that American Airlines Group is outperforming the sector as a whole this year.
Looking more specifically, AAL belongs to the Transportation - Airline industry, which includes 28 individual stocks and currently sits at #10 in the Zacks Industry Rank. This group has gained an average of 4.64% so far this year, so AAL is performing better in this area.
Investors with an interest in Transportation stocks should continue to track AAL. The stock will be looking to continue its solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors focused on the Transportation space have likely heard of American Airlines Group (AAL), but is the stock performing well in comparison to the rest of its sector peers? Over the past 90 days, the Zacks Consensus Estimate for AAL's full-year earnings has moved 11.44% higher. AAL is currently sporting a Zacks Rank of #2 (Buy).
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Investors focused on the Transportation space have likely heard of American Airlines Group (AAL), but is the stock performing well in comparison to the rest of its sector peers? AAL is currently sporting a Zacks Rank of #2 (Buy).
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Investors focused on the Transportation space have likely heard of American Airlines Group (AAL), but is the stock performing well in comparison to the rest of its sector peers? Looking more specifically, AAL belongs to the Transportation - Airline industry, which includes 28 individual stocks and currently sits at #10 in the Zacks Industry Rank. AAL is currently sporting a Zacks Rank of #2 (Buy).
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Investors focused on the Transportation space have likely heard of American Airlines Group (AAL), but is the stock performing well in comparison to the rest of its sector peers? Over the past 90 days, the Zacks Consensus Estimate for AAL's full-year earnings has moved 11.44% higher. AAL is currently sporting a Zacks Rank of #2 (Buy).
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6731.0
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2019-01-21 00:00:00 UTC
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Zacks.com featured expert Kevin Matras highlights: American Airlines, ArcBest, AmerisourceBergen, Cardinal Health and CVS Health
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AAL
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https://www.nasdaq.com/articles/zacks.com-featured-expert-kevin-matras-highlights%3A-american-airlines-arcbest
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For Immediate Release
Chicago, IL - January 21, 2019- Stocks in this week's article include American Airlines Group AAL , ArcBest Corp. ARCB , AmerisourceBergen ABC , Cardinal Health CAH and CVS Health Corp. CVS . Kevin Matras screens for companies showing their 'first' profit and explains why they are ones to watch.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
5 Stocks in Focus After Recent Broker Rating Upgrades
The picture to have emanated from Q4 releases so far is an impressive one. The top and the bottom lines of S&P 500 companies that have reported so far have expanded 8.5% and 18.3%, respectively on a year-over-year basis, according to the latest Earnings Outlook .
While 58.3% companies beat expectations on the revenue front, 77.8% companies outpaced the Zacks Consensus Estimate with respect to earnings. Generally, an earnings beat by a company leads to an uptick in its stock price. Investors like to add outperformers to their respective portfolios for healthy returns.
However, the task is far from easy with a plethora of companies present in the market. Moreover, the complexities associated with the stock market make it even more difficult for individual investors to select outperformers in their portfolios in the absence of proper guidance.
Broker Advice to the Rescue
The requisite guidance to design a winning portfolio comes from brokers. Brokers, not only scrutinize the publicly available financial documents but also attend company conference calls and other presentations.
The estimate revisions serve as an important pointer regarding the price of a stock. In fact, a rating upgrade generally leads to stock price appreciation. Similarly, the price of a stock may plummet following a rating downgrade.
Estimates can move north for a number of reasons - favorable earnings performance, a bullish guidance, product launch or any favorable macro scenario. To take care of the earnings performance, we have designed a screen based on improving analyst recommendation and upward estimate revisions over the last four weeks.
Winning Strategy
The above write-up clearly suggests that by following broker actions, one can arrive at a winning portfolio of stocks. Keeping this in mind, we have designed a screen to shortlist stocks based on improving analyst recommendation and upward revisions to earnings estimates over the last four weeks.
Also, since the price/sales ratio is a strong complementary valuation metric in the presence of analyst information, it has been included. The price/sales ratio takes care of the company's top line, making the strategy foolproof.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/348278/5-stocks-in-focus-after-recent-broker-rating-upgrades
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
ArcBest Corporation (ARCB): Get Free Report
CVS Health Corporation (CVS): Get Free Report
AmerisourceBergen Corporation (ABC): Free Stock Analysis Report
Cardinal Health, Inc. (CAH): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL - January 21, 2019- Stocks in this week's article include American Airlines Group AAL , ArcBest Corp. ARCB , AmerisourceBergen ABC , Cardinal Health CAH and CVS Health Corp. CVS . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Get Free Report CVS Health Corporation (CVS): Get Free Report AmerisourceBergen Corporation (ABC): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report To read this article on Zacks.com click here. Screen of the Week written by Kevin Matras of Zacks Investment Research: 5 Stocks in Focus After Recent Broker Rating Upgrades The picture to have emanated from Q4 releases so far is an impressive one.
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For Immediate Release Chicago, IL - January 21, 2019- Stocks in this week's article include American Airlines Group AAL , ArcBest Corp. ARCB , AmerisourceBergen ABC , Cardinal Health CAH and CVS Health Corp. CVS . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Get Free Report CVS Health Corporation (CVS): Get Free Report AmerisourceBergen Corporation (ABC): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report To read this article on Zacks.com click here. To take care of the earnings performance, we have designed a screen based on improving analyst recommendation and upward estimate revisions over the last four weeks.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Get Free Report CVS Health Corporation (CVS): Get Free Report AmerisourceBergen Corporation (ABC): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - January 21, 2019- Stocks in this week's article include American Airlines Group AAL , ArcBest Corp. ARCB , AmerisourceBergen ABC , Cardinal Health CAH and CVS Health Corp. CVS . Screen of the Week written by Kevin Matras of Zacks Investment Research: 5 Stocks in Focus After Recent Broker Rating Upgrades The picture to have emanated from Q4 releases so far is an impressive one.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Get Free Report CVS Health Corporation (CVS): Get Free Report AmerisourceBergen Corporation (ABC): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - January 21, 2019- Stocks in this week's article include American Airlines Group AAL , ArcBest Corp. ARCB , AmerisourceBergen ABC , Cardinal Health CAH and CVS Health Corp. CVS . Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities.
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6732.0
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2019-01-18 00:00:00 UTC
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J.B. Hunt (JBHT) Stock Up 6% on Q4 Earnings & Revenue Beat
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AAL
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https://www.nasdaq.com/articles/j.b.-hunt-jbht-stock-up-6-on-q4-earnings-revenue-beat-2019-01-18
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J.B. Hunt Transport Services, Inc.JBHT performed impressively in the fourth quarter of 2018, delivering better-than-expected earnings per share and revenues.
The earnings and revenues beat boosted investors' optimism. As a result, shares of the company appreciated 5.7% in after-hours trading on Jan 17.
The transportation company's earnings (excluding 96 cents from non-recurring items) of $1.77 per share outpaced the Zacks Consensus Estimate of $1.48. However, increased costs associated with the ongoing arbitration with BNSF Railway Company hurt the bottom line.
Total operating revenues increased 16.5% year over year to $2,317.84 million and beat the Zacks Consensus Estimate of $2,297.8 million. The upside can be attributed to strong segmental performance.
Additionally, operating income decreased 15.8% to $122.74 million (on a reported basis) due to costs associated with rail purchase transportation. Also, operating ratio (operating expenses as a percentage of revenues) deteriorated to 94.7% from 92.7% in the prior-year quarter due to 19% rise in operating expenses from the year-ago quarter's tally. Notably, effective tax rate increased to 20.5% sequentially in the quarter under discussion from 20.4% in the third quarter of 2018.
Segmental Performance
The Intermodal (JBI) division reported quarterly revenues of $1.26 billion, up 15% year over year. However, load volumes in the segment dipped 1%. Revenue per load excluding fuel surcharge revenues climbed 15% on a year-over-year basis. Operating income plunged 65% year over year, due to increased costs stemming from service delays and congestion.
Dedicated Contract Services (DCS) revenues rallied 25% year over year to $596 million. The company added 458 trucks to the fleet during the fourth quarter, while customer retention rates were above 98%. Operating income surged 70% year over year to $59.4 million due to addition of new trucks and increased productivity.
Integrated Capacity Solutions (ICS) revenues increased 7% year over year to $345 million. Revenue per load declined 6.4% year over year due to customer mix changes and reduced spot market activity compared with the year-ago quarter's level. Meanwhile, volumes improved 14% year over year. The segment delivered an operating income of $16.1 million, up 43% year over year owing to higher gross profit margin.
Truck (JBT) revenues improved 21% year over year to $118 million. At the end of the fourth quarter, J.B. Hunt operated 2,112 tractors compared with 2,032 in the year-ago quarter. Trailers fell to 6,800 in the period compared with 7,120 a year ago. Operating income soared 131% to $14.7 million, courtesy of favorable factors like higher rates per loaded mile and lower equipment ownership costs.
J.B. Hunt Transport Services, Inc. Price, Consensus and EPS Surprise
J.B. Hunt Transport Services, Inc. Price, Consensus and EPS Surprise | J.B. Hunt Transport Services, Inc. Quote
Liquidity
This Zacks Rank #3 (Hold) company exited 2018 with cash and cash equivalents of $7.6 million compared with $14.61 million at the end of 2017. Long-term debt was $898.4 million compared with $1.09 billion at 2017-end. Net capital expenditures for 2018 totaled $885 million compared with $511 million in 2017.
Share Repurchases
In the quarter under review, J.B. Hunt repurchased 494,000 shares for approximately $50 million. As of Dec 31, 2018, the company had around $371 million remaining under its buyback program. You can see the complete list of today's Zacks #1 Rank stocks here .
2019 Outlook
Capex for 2019 is estimated to be around $200 million less than the 2018 level. J.B. Hunt expects to allocate a major portion of Capex spending toward DCS and JBI segments and spend around $50 million for technological improvement in digital platforms.
Upcoming Releases
Investors interested in the broader Transportation Sector are keenly awaiting fourth-quarter 2018 earnings reports from key players like American Airlines Group Inc. AAL , C.H. Robinson Worldwide, Inc. CHRW and Allegiant Travel Company ALGT . While American Airlines is scheduled to report fourth-quarter earnings on Jan 24, C.H. Robinson and Allegiant will release the same on Jan 29 and Jan 30, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Allegiant Travel Company (ALGT): Free Stock Analysis Report
C.H. Robinson Worldwide, Inc. (CHRW): Free Stock Analysis Report
J.B. Hunt Transport Services, Inc. (JBHT): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Upcoming Releases Investors interested in the broader Transportation Sector are keenly awaiting fourth-quarter 2018 earnings reports from key players like American Airlines Group Inc. AAL , C.H. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report C.H. J.B. Hunt Transport Services, Inc.JBHT performed impressively in the fourth quarter of 2018, delivering better-than-expected earnings per share and revenues.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report C.H. Upcoming Releases Investors interested in the broader Transportation Sector are keenly awaiting fourth-quarter 2018 earnings reports from key players like American Airlines Group Inc. AAL , C.H. J.B. Hunt Transport Services, Inc. Price, Consensus and EPS Surprise J.B. Hunt Transport Services, Inc. Price, Consensus and EPS Surprise | J.B. Hunt Transport Services, Inc. Quote Liquidity This Zacks Rank #3 (Hold) company exited 2018 with cash and cash equivalents of $7.6 million compared with $14.61 million at the end of 2017.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report C.H. Upcoming Releases Investors interested in the broader Transportation Sector are keenly awaiting fourth-quarter 2018 earnings reports from key players like American Airlines Group Inc. AAL , C.H. Total operating revenues increased 16.5% year over year to $2,317.84 million and beat the Zacks Consensus Estimate of $2,297.8 million.
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Upcoming Releases Investors interested in the broader Transportation Sector are keenly awaiting fourth-quarter 2018 earnings reports from key players like American Airlines Group Inc. AAL , C.H. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report C.H. Total operating revenues increased 16.5% year over year to $2,317.84 million and beat the Zacks Consensus Estimate of $2,297.8 million.
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6733.0
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2019-01-18 00:00:00 UTC
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Can American Airlines (AAL) Beat High Costs in Q4 Earnings?
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AAL
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https://www.nasdaq.com/articles/can-american-airlines-aal-beat-high-costs-in-q4-earnings-2019-01-18
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nan
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nan
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American Airlines Group Inc . AAL is scheduled to release fourth-quarter 2018 earnings numbers on Jan 24, before the market opens.
Las t report ed quarter the company came up with a positive earnings surprise of 0.9%. However, the bottom line decreased on a year-over-year basis, mainly due to high fuel costs. Revenues also beat the Zacks Consensus Estimate and improved on a year-over-year basis owing to strong demand for air travel.
However, things don't seem to be looking up for the company this earnings season. Notably, the Zacks Consensus Estimate for fourth-quarter earnings has moved 4.6% south in the last 30 days.
Factors Likely at Play
Fuel prices, although at modest levels lately, are likely to hamper the company's bottom-line growth in the fourth quarter. This is because fourth-quarterfuel price estimate remains at a high level when a year-over-year comparison is made. The company projects average fuel price per gallon between $2.22 and $2.27 compared with $1.91 in the year ago period.
Additionally lower-than-expected improvements in the domestic market might affect total revenue per available seat mile (TRASM: a key measure of unit revenues) growth in the quarter to be reported. This key metric is anticipated to inch up approximately 1.5% in the quarter, lower than the previous increase of 1.5-3.5%. This sluggish growth might in turn lower top line growth.
Further, adjusted pre-tax margin for the quarter under review is projected in the 4.5-6.5% range, falling below 7% achieved in the fourth quarter of 2017.
However, the adverse impacts are anticipated to be partly offset by high passenger revenues owing to solid travel demand. The same is likely to further boost the top line.
American Airlines Group Inc. Price and EPS Surprise
American Airlines Group Inc. Price and EPS Surprise | American Airlines Group Inc. Quote
Earnings Whispers
Our proven model does not conclusively show that American Airlines is likely to beat estimates this earnings season. This is because a stock needs to have both - a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) - for this to happen. But that is not the case here as elaborated below.
Earnings ESP : American Airlines has an Earnings ESP of -2.56%, representing the difference between the Most Accurate Estimate and the Zacks Consensus Estimate. While the Most Accurate Estimate stands at $1 per share, the Zacks Consensus Estimate is pegged higher at $1.03. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank : American Airlines currently carries a Zacks Rank #2, which increases the predictive power of ESP. However, a company requires a positive ESP as well to be confident about a likely earnings surprise. Hence, this combination leaves our surprise prediction inconclusive.
We caution that Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Investors interested in the broader Transportation sector may consider ArcBest Corporation ARCB , Expeditors International of Washington, Inc. EXPD and Allegiant Travel Company ALGT as these stocks possess the right combination of elements to beat on earnings in the next releases.
ArcBest has an Earnings ESP of +4.78% and a Zacks Rank of 2. The company will report fourth-quarter financial figures on Jan 30.
Expeditors has an Earnings ESP of +0.39% and a Zacks Rank of 1. The company will announce fourth-quarter results on Feb 19. You can see the complete list of today's Zacks #1 Rank stocks here .
Allegiant has an Earnings ESP of +2.14% and is a Zacks #2 Ranked stock. The company is scheduled to release fourth-quarter earnings numbers on Jan 30.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Allegiant Travel Company (ALGT): Free Stock Analysis Report
Expeditors International of Washington, Inc. (EXPD): Get Free Report
ArcBest Corporation (ARCB): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAL is scheduled to release fourth-quarter 2018 earnings numbers on Jan 24, before the market opens. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Expeditors International of Washington, Inc. (EXPD): Get Free Report ArcBest Corporation (ARCB): Get Free Report To read this article on Zacks.com click here. Revenues also beat the Zacks Consensus Estimate and improved on a year-over-year basis owing to strong demand for air travel.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Expeditors International of Washington, Inc. (EXPD): Get Free Report ArcBest Corporation (ARCB): Get Free Report To read this article on Zacks.com click here. AAL is scheduled to release fourth-quarter 2018 earnings numbers on Jan 24, before the market opens. American Airlines Group Inc. Price and EPS Surprise American Airlines Group Inc. Price and EPS Surprise | American Airlines Group Inc. Quote Earnings Whispers Our proven model does not conclusively show that American Airlines is likely to beat estimates this earnings season.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Expeditors International of Washington, Inc. (EXPD): Get Free Report ArcBest Corporation (ARCB): Get Free Report To read this article on Zacks.com click here. AAL is scheduled to release fourth-quarter 2018 earnings numbers on Jan 24, before the market opens. American Airlines Group Inc. Price and EPS Surprise American Airlines Group Inc. Price and EPS Surprise | American Airlines Group Inc. Quote Earnings Whispers Our proven model does not conclusively show that American Airlines is likely to beat estimates this earnings season.
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AAL is scheduled to release fourth-quarter 2018 earnings numbers on Jan 24, before the market opens. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Expeditors International of Washington, Inc. (EXPD): Get Free Report ArcBest Corporation (ARCB): Get Free Report To read this article on Zacks.com click here. Revenues also beat the Zacks Consensus Estimate and improved on a year-over-year basis owing to strong demand for air travel.
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6734.0
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2019-01-18 00:00:00 UTC
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Kansas City Southern (KSU) Q4 Earnings Meet, Revenues Top
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AAL
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https://www.nasdaq.com/articles/kansas-city-southern-ksu-q4-earnings-meet-revenues-top-2019-01-18
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Kansas City Southern 's KSU fourth-quarter 2018 earnings (excluding 3 cents from non-recurring items) of $1.56 met the Zacks Consensus Estimate. The bottom line, however, rose 13% on a year-over-year basis.
The company delivered revenues of $694 million, marginally beating the Zacks Consensus Estimate of $691.9 million. However, the top line improved 5.1% on a year-over-year basis. Overall carload volumes remained flat year over year.
In the reported quarter, adjusted operating income increased 4% to $248 million. Kansas City Southern's operating ratio (operating expenses as a percentage of revenues) deteriorated to 64.3% compared with 64% a year ago due to 6% rise in operating expenses. The company aims at an operating ratio of 60-61% by 2021.
Kansas City Southern Price, Consensus and EPS Surprise
Kansas City Southern Price, Consensus and EPS Surprise | Kansas City Southern Quote
Segmental Details
The Chemical & Petroleum segment generated revenues of $164 million, up 19% year over year. Volumes expanded 16% year over year. Revenues per carload also climbed 3% from the prior-year quarter.
The Industrial & Consumer Products segment generated revenues of $139.5 million, down 5% year over year. Dismal performances across all segmental units hurt results. While business volumes contracted 9%, revenues per carload increased 4% year over year.
The Agriculture & Minerals segment's total revenues were $131.7 million, up 8% year over year. While business volumes inched up 3%, revenues per carload were up 5%, both on a year-over-year basis.
The Energy segment generated revenues of $65.3 million, down 6% year over year. Disappointing performances at the Utility Coal and Frac Sand units hampered the segment's results. While business volumes declined 14% year over year, revenues per carload augmented 9%.
Intermodal revenues were $98.2 million, up 1% year over year. While business volumes ascended 4%, revenues per carload dipped 3% in the quarter under review.
Revenues at the Automotive segment came in at $59.9 million, down 1% year over year. While business volumes slid 5%, revenues per carload increased 4%, both on a year-over-year basis.
Other revenues totaled $35.4 million, up 36% year over year.
Zacks Rank
Kansas City Southern carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Upcoming Releases
Investors interested in the broader Transportation sector are keenly awaiting fourth-quarter earnings reports from key players, namely American Airlines AAL , Norfolk Southern Corp. NSC and Southwest Airlines LUV . Each of the companies will report final-quarter results on Jan 24.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
Norfolk Southern Corporation (NSC): Free Stock Analysis Report
Kansas City Southern (KSU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Upcoming Releases Investors interested in the broader Transportation sector are keenly awaiting fourth-quarter earnings reports from key players, namely American Airlines AAL , Norfolk Southern Corp. NSC and Southwest Airlines LUV . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Free Stock Analysis Report Kansas City Southern (KSU): Free Stock Analysis Report To read this article on Zacks.com click here. Kansas City Southern 's KSU fourth-quarter 2018 earnings (excluding 3 cents from non-recurring items) of $1.56 met the Zacks Consensus Estimate.
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Upcoming Releases Investors interested in the broader Transportation sector are keenly awaiting fourth-quarter earnings reports from key players, namely American Airlines AAL , Norfolk Southern Corp. NSC and Southwest Airlines LUV . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Free Stock Analysis Report Kansas City Southern (KSU): Free Stock Analysis Report To read this article on Zacks.com click here. Kansas City Southern Price, Consensus and EPS Surprise Kansas City Southern Price, Consensus and EPS Surprise | Kansas City Southern Quote Segmental Details The Chemical & Petroleum segment generated revenues of $164 million, up 19% year over year.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Free Stock Analysis Report Kansas City Southern (KSU): Free Stock Analysis Report To read this article on Zacks.com click here. Upcoming Releases Investors interested in the broader Transportation sector are keenly awaiting fourth-quarter earnings reports from key players, namely American Airlines AAL , Norfolk Southern Corp. NSC and Southwest Airlines LUV . Kansas City Southern Price, Consensus and EPS Surprise Kansas City Southern Price, Consensus and EPS Surprise | Kansas City Southern Quote Segmental Details The Chemical & Petroleum segment generated revenues of $164 million, up 19% year over year.
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Upcoming Releases Investors interested in the broader Transportation sector are keenly awaiting fourth-quarter earnings reports from key players, namely American Airlines AAL , Norfolk Southern Corp. NSC and Southwest Airlines LUV . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Free Stock Analysis Report Kansas City Southern (KSU): Free Stock Analysis Report To read this article on Zacks.com click here. Kansas City Southern Price, Consensus and EPS Surprise Kansas City Southern Price, Consensus and EPS Surprise | Kansas City Southern Quote Segmental Details The Chemical & Petroleum segment generated revenues of $164 million, up 19% year over year.
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6735.0
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2019-01-18 00:00:00 UTC
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Noteworthy Friday Option Activity: AAL, LVS, ZAYO
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AAL
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity-aal-lvs-zayo-2019-01-18
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 51,388 contracts have traded so far, representing approximately 5.1 million underlying shares. That amounts to about 60% of AAL's average daily trading volume over the past month of 8.6 million shares. Particularly high volume was seen for the $34 strike call option expiring January 18, 2019 , with 8,871 contracts trading so far today, representing approximately 887,100 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $34 strike highlighted in orange:
Las Vegas Sands Corp (Symbol: LVS) saw options trading volume of 22,311 contracts, representing approximately 2.2 million underlying shares or approximately 55.9% of LVS's average daily trading volume over the past month, of 4.0 million shares. Particularly high volume was seen for the $57.50 strike call option expiring January 18, 2019 , with 6,645 contracts trading so far today, representing approximately 664,500 underlying shares of LVS. Below is a chart showing LVS's trailing twelve month trading history, with the $57.50 strike highlighted in orange:
And Zayo Group Holdings Inc (Symbol: ZAYO) options are showing a volume of 23,459 contracts thus far today. That number of contracts represents approximately 2.3 million underlying shares, working out to a sizeable 54.9% of ZAYO's average daily trading volume over the past month, of 4.3 million shares. Especially high volume was seen for the $30 strike call option expiring March 15, 2019 , with 5,322 contracts trading so far today, representing approximately 532,200 underlying shares of ZAYO. Below is a chart showing ZAYO's trailing twelve month trading history, with the $30 strike highlighted in orange:
For the various different available expirations for AAL options , LVS options , or ZAYO 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $34 strike call option expiring January 18, 2019 , with 8,871 contracts trading so far today, representing approximately 887,100 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 51,388 contracts have traded so far, representing approximately 5.1 million underlying shares. That amounts to about 60% of AAL's average daily trading volume over the past month of 8.6 million shares.
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Particularly high volume was seen for the $34 strike call option expiring January 18, 2019 , with 8,871 contracts trading so far today, representing approximately 887,100 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $34 strike highlighted in orange: Las Vegas Sands Corp (Symbol: LVS) saw options trading volume of 22,311 contracts, representing approximately 2.2 million underlying shares or approximately 55.9% of LVS's average daily trading volume over the past month, of 4.0 million 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 51,388 contracts have traded so far, representing approximately 5.1 million underlying shares.
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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 51,388 contracts have traded so far, representing approximately 5.1 million underlying shares. Below is a chart showing AAL's trailing twelve month trading history, with the $34 strike highlighted in orange: Las Vegas Sands Corp (Symbol: LVS) saw options trading volume of 22,311 contracts, representing approximately 2.2 million underlying shares or approximately 55.9% of LVS's average daily trading volume over the past month, of 4.0 million shares. Below is a chart showing ZAYO's trailing twelve month trading history, with the $30 strike highlighted in orange: For the various different available expirations for AAL options , LVS options , or ZAYO options , visit StockOptionsChannel.com.
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Below is a chart showing AAL's trailing twelve month trading history, with the $34 strike highlighted in orange: Las Vegas Sands Corp (Symbol: LVS) saw options trading volume of 22,311 contracts, representing approximately 2.2 million underlying shares or approximately 55.9% of LVS's average daily trading volume over the past month, of 4.0 million 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 51,388 contracts have traded so far, representing approximately 5.1 million underlying shares. That amounts to about 60% of AAL's average daily trading volume over the past month of 8.6 million shares.
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6736.0
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2019-01-18 00:00:00 UTC
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American Airlines (AAL) Gains But Lags Market: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-gains-but-lags-market%3A-what-you-should-know-2019-01-18
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nan
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nan
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American Airlines (AAL) closed at $33.95 in the latest trading session, marking a +1.09% move from the prior day. This change lagged the S&P 500's 1.32% gain on the day. At the same time, the Dow added 1.38%, and the tech-heavy Nasdaq gained 1.74%.
Coming into today, shares of the world's largest airline had gained 5.3% in the past month. In that same time, the Transportation sector gained 3.9%, while the S&P 500 gained 4.16%.
AAL will be looking to display strength as it nears its nex t earnings release, which is expected to be January 24, 2019. The company is expected to report EPS of $1.03, up 8.42% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $11.01 billion, up 3.84% from the year-ago period.
Investors should also note any recent changes to analyst estimates for AAL. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.32% higher. AAL currently has a Zacks Rank of #2 (Buy).
In terms of valuation, AAL is currently trading at a Forward P/E ratio of 5.88. This represents a discount compared to its industry's average Forward P/E of 9.52.
Investors should also note that AAL has a PEG ratio of 4.49 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Airline was holding an average PEG ratio of 0.51 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 31, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) closed at $33.95 in the latest trading session, marking a +1.09% move from the prior day. AAL will be looking to display strength as it nears its nex t earnings release, which is expected to be January 24, 2019. Investors should also note any recent changes to analyst estimates for AAL.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) closed at $33.95 in the latest trading session, marking a +1.09% move from the prior day. AAL will be looking to display strength as it nears its nex t earnings release, which is expected to be January 24, 2019.
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American Airlines (AAL) closed at $33.95 in the latest trading session, marking a +1.09% move from the prior day. AAL will be looking to display strength as it nears its nex t earnings release, which is expected to be January 24, 2019. Investors should also note any recent changes to analyst estimates for AAL.
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American Airlines (AAL) closed at $33.95 in the latest trading session, marking a +1.09% move from the prior day. AAL will be looking to display strength as it nears its nex t earnings release, which is expected to be January 24, 2019. Investors should also note any recent changes to analyst estimates for AAL.
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6737.0
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2019-01-18 00:00:00 UTC
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Boeing (BA) Stock Was a Strong Buy Before US-China Trade Positivity
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AAL
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https://www.nasdaq.com/articles/boeing-ba-stock-was-strong-buy-us-china-trade-positivity-2019-01-18
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nan
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nan
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Shares of Caterpillar CAT , Home Depot HD , 3M MMM , Boeing BA , along with chip stocks such as Micron MU , and other giants all surged Friday on the back o f report s that say China could be willing to eliminate its trade imbalance with the U.S. But Boeing stock looked like a strong buy even before the positive trade talk news between the world's two largest economies.
US-China Trade News
China has offered to boost its U.S. imports over a six-year stretch as part of ongoing talks between the two global powers, according to a Friday CNBC report . China reportedly said it would increase its annual import of U.S. goods by a combined value of over $1 trillion to try to reduced and even eliminate annual trade deficits by 2024. If true, this news could spark a massive surge in the broader market as it might signal that the trade war between the U.S. and China could be coming to an end.
Overview
With that said, Boeing looks strong at the moment even if no trade war progress is made.
Boeing announced earlier this month that it delivered 806 commercial jets in 2018. This set a new record and crushed 2017's 763 deliveries. BA did fall just shy of its target but topped European rival Airbus EADSY . The firm also added 893 new orders last year, valued at over $143.7 billion. These orders have been added to Boeing's roughly seven-year backlog.
The aerospace power pointed specifically to strong sales of its newer 787 Dreamliner as a 2018 highlight. Boeing said that Hawaiian Airlines HA switched from the Airbus A330 to its 787. Meanwhile, American Airlines AAL and United Airlines UAL bought more Dreamliner jets. Boeing's 777 models also continued to perform well, driven by sales from FedEx FDX , DHL Express, and others.
On top of that, Boeing detailed what it expects to be a significant increase in demand in India over the next 20 years. Investors should also note that Boeing in December announced a new quarterly dividend of $2.055 a share, which represents a 20% climb from the $1.71 per share it paid throughout 2018.
Price Movement
Shares of Boeing have soared over 24% since Christmas, along with much of the market, led by giants like Amazon AMZN . BA stock also popped 1.40% to $364.09 a share through early afternoon trading Friday, after the China trade war news sent the Dow, S&P 500, and the NASDAQ up big.
We can also see that Boeing stock has outperformed its peer group, which includes General Dynamics GD , Lockheed Martin LMT , Northrop Grumman NOC , and Airbus, over the last five years. Boeing stock rests roughly 8% below its 52-week high at the moment.
Q4 & Fiscal 2019 Outlook
Looking ahead, our current Zacks Consensus Estimate calls for Boeing's Q4 2018 revenues to climb 6.1% to hit $26.92 billion, which would come on top of Q4 2017 9% surge. The firm's full-year 2018 revenues are projected to jump roughly 7% to reach $99.84 billion.
Peeking even further ahead, Boeing's full-year 2019 revenues are projected to pop 6.9% above our fiscal 2018 estimate to hit $106.8 billion.
Despite BA's projected Q4 revenue increase, the firm's adjusted fourth-quarter earnings are projected to slip 5.6% from the year-ago period. With that said the company's fiscal 2018 earnings are projected to soar over 25%. Plus, the aerospace company's fiscal 2019 earnings are expected to climb 21% above our 2018 projection.
Better still, BA has seen some positive earnings estimate revision activity recently. This includes positive moves within the last seven days, which has helped lift the company's overall earnings estimates for Q4 and fiscal 2018, as the charts below help us see.
Bottom Line
Boeing is a Zacks Rank #1 (Strong Buy) stock at the moment based, in part, on its earnings estimate revision activity. On top of that, the company's top and bottom-line outlooks appear strong heading into 2019.
Boeing is scheduled to release its Q4 and fiscal 2018 financial results before the market opens on Wednesday, January 30.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Amazon.com, Inc. (AMZN): Get Free Report
Lockheed Martin Corporation (LMT): Get Free Report
Airbus Group (EADSY): Get Free Report
General Dynamics Corporation (GD): Get Free Report
Northrop Grumman Corporation (NOC): Get Free Report
The Boeing Company (BA): Get Free Report
The Home Depot, Inc. (HD): Get Free Report
3M Company (MMM): Free Stock Analysis Report
Caterpillar Inc. (CAT): Get Free Report
FedEx Corporation (FDX): Get Free Report
Micron Technology, Inc. (MU): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, American Airlines AAL and United Airlines UAL bought more Dreamliner jets. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Get Free Report Lockheed Martin Corporation (LMT): Get Free Report Airbus Group (EADSY): Get Free Report General Dynamics Corporation (GD): Get Free Report Northrop Grumman Corporation (NOC): Get Free Report The Boeing Company (BA): Get Free Report The Home Depot, Inc. (HD): Get Free Report 3M Company (MMM): Free Stock Analysis Report Caterpillar Inc. (CAT): Get Free Report FedEx Corporation (FDX): Get Free Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Caterpillar CAT , Home Depot HD , 3M MMM , Boeing BA , along with chip stocks such as Micron MU , and other giants all surged Friday on the back o f report s that say China could be willing to eliminate its trade imbalance with the U.S.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Get Free Report Lockheed Martin Corporation (LMT): Get Free Report Airbus Group (EADSY): Get Free Report General Dynamics Corporation (GD): Get Free Report Northrop Grumman Corporation (NOC): Get Free Report The Boeing Company (BA): Get Free Report The Home Depot, Inc. (HD): Get Free Report 3M Company (MMM): Free Stock Analysis Report Caterpillar Inc. (CAT): Get Free Report FedEx Corporation (FDX): Get Free Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, American Airlines AAL and United Airlines UAL bought more Dreamliner jets. Shares of Caterpillar CAT , Home Depot HD , 3M MMM , Boeing BA , along with chip stocks such as Micron MU , and other giants all surged Friday on the back o f report s that say China could be willing to eliminate its trade imbalance with the U.S.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Get Free Report Lockheed Martin Corporation (LMT): Get Free Report Airbus Group (EADSY): Get Free Report General Dynamics Corporation (GD): Get Free Report Northrop Grumman Corporation (NOC): Get Free Report The Boeing Company (BA): Get Free Report The Home Depot, Inc. (HD): Get Free Report 3M Company (MMM): Free Stock Analysis Report Caterpillar Inc. (CAT): Get Free Report FedEx Corporation (FDX): Get Free Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, American Airlines AAL and United Airlines UAL bought more Dreamliner jets. Shares of Caterpillar CAT , Home Depot HD , 3M MMM , Boeing BA , along with chip stocks such as Micron MU , and other giants all surged Friday on the back o f report s that say China could be willing to eliminate its trade imbalance with the U.S.
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Meanwhile, American Airlines AAL and United Airlines UAL bought more Dreamliner jets. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Get Free Report Lockheed Martin Corporation (LMT): Get Free Report Airbus Group (EADSY): Get Free Report General Dynamics Corporation (GD): Get Free Report Northrop Grumman Corporation (NOC): Get Free Report The Boeing Company (BA): Get Free Report The Home Depot, Inc. (HD): Get Free Report 3M Company (MMM): Free Stock Analysis Report Caterpillar Inc. (CAT): Get Free Report FedEx Corporation (FDX): Get Free Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Caterpillar CAT , Home Depot HD , 3M MMM , Boeing BA , along with chip stocks such as Micron MU , and other giants all surged Friday on the back o f report s that say China could be willing to eliminate its trade imbalance with the U.S.
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6738.0
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2019-01-17 00:00:00 UTC
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American Airlines (AAL) Earnings Expected to Grow: Should You Buy?
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-earnings-expected-to-grow%3A-should-you-buy-2019-01-17
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nan
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Wall Street expects a year-over-year increase in earnings on higher revenues when American Airlines (AAL) reports results for the quarter ended December 2018. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 24. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call , it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This world's largest airline is expected to pos t quarterly earnings of $1.03 per share in its upcoming report, which represents a year-over-year change of +8.4%.
Revenues are expected to be $11.01 billion, up 3.8% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 3.53% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is subject to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time , and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for American Airlines?
For American Airlines, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.56%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that American Airlines will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the las t report ed quarter, it was expected that American Airlines would pos t earnings of $1.12 per share when it actually produced earnings of $1.13, delivering a surprise of +0.89%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
American Airlines doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Wall Street expects a year-over-year increase in earnings on higher revenues when American Airlines (AAL) reports results for the quarter ended December 2018. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
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Wall Street expects a year-over-year increase in earnings on higher revenues when American Airlines (AAL) reports results for the quarter ended December 2018. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out.
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Wall Street expects a year-over-year increase in earnings on higher revenues when American Airlines (AAL) reports results for the quarter ended December 2018. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out.
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Wall Street expects a year-over-year increase in earnings on higher revenues when American Airlines (AAL) reports results for the quarter ended December 2018. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out.
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6739.0
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2019-01-17 00:00:00 UTC
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United Continental's Q4 Buoys Airlines: 4 Stocks to Buy
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AAL
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https://www.nasdaq.com/articles/united-continentals-q4-buoys-airlines%3A-4-stocks-to-buy-2019-01-17
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nan
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nan
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Investors interested in the airline space have not had much to cheer about lately. Headwinds ranging from high costs, capacity woes and weather-related issues have prevented airline stocks from flying high. The dismal price performance of the Zacks Airline industry in a year's time bears testimony to the challenges. The industry has shed 26.3% value in the period, making its performance worse than that of the Zacks S&P 500 composite, which has declined 6.6%.
Why Airlines Had a Field Day on Wednesday?
Despite the aforementioned challenges, airline investors heaved a sigh of relief on Jan 16. The catalyst was the impressive Q4 earnings report of one of the airline heavyweights - United Continental Holdings UAL - which was released on Jan 15, after market close. The company's blowout Q4 earnings report and upbeat guidance boosted the entire industry with key players gaining handsomely in the next trading session.
Naturally, the United Continental stock is flying high after its earnings report. The stock gained 6.4% on Jan 16, closing the day at $86.36. Other airline stocks like American Airlines AAL , SkyWest SKYW , JetBlue Airways JBLU and Alaska Air Group ALK also saw their stock prices appreciate to the tune of 2.3%, 1.8%, 1.1% and 1%, respectively. Consequently, the industry tracker - NYSE ARCA Airline Index -moved northward, gaining 1.9% on Jan 16.
Why United Continental's Report Excited Investors
The Chicago-based United Continental reported better-than-expected earnings per share and revenues in Q4. Moreover, both metrics improved on a year-over-year basis. Factors like efficient cost management and uptick in airfares drove results.
The company's performance on the unit revenue front was also impressive with passenger revenue per available seat mile (PRASM: a key measure of unit revenues) increasing 5%. Non-fuel unit costs dipped 0.7% in the final quarter of 2018.
The carrier's efforts to reward shareholders through buybacks also raise optimism. During Q4 and full-year 2018, United Continental repurchased shares worth $240 million and $1.25 billion, respectively. It is also active on the fleet modernization front. Toward this end, it is replacing outdated planes and adding new ones to its fleet. As an evidence, the carrier finalized an order for 24 additional Boeing 737 MAX jets in December. The planes will bolster the carrier's fleet from 2020 onward.
The airline expects to continue its prudent cost-management strategy going forward too. It expects non-fuel unit costs to be "flat or better" in Q1 and full-year 2019 as well. PRASM in Q1 is expected to be flat or increase up to 3%. Moreover, EPS for full-year 2019 is anticipated in the $10-$12 band, higher than the $9.13 per share reported in full-year 2018.
Will Other Airlines Follow United Continental?
Now, the burning question is whether other earnings reports from the airline industry be as impressive as that of United Continental? While it is impossible to be sure about what awaits the industry in the remainder of Q4, the pointers are certainly encouraging.
It is known to all that costs associated with oil are considered major inputs for any airline company. Airlines have been well served in this regard as oil prices declined nearly 40% in the Q4 period (October-December). In fact, oil prices had displayed an uptrend till early October. However, the commodity displayed a downward trend for the remainder of Q4 on fears of supply glut and economic headwinds. The sharp drop in oil prices is likely to fuel bottom-line growth. Moreover, reduced tax rates, courtesy of the current tax law, should also brighten airlines' Q4. Also, robust traffic during the Thanksgiving holiday period should boost Q4 results.
4 Airline Stocks to Buy Now
Driven by the aforesaid factors airlines are expected to fly high in Q4. Based on the buoyancy, we believe that it is prudent to add airline stocks to one's portfolio now. However, with multiple carriers present, the task of selecting the right ones for handsome returns is not an easy one.
This is where the Zacks Rank, which justifies a company's strong fundamentals, can come in really handy. Based on a favorable Zacks Rank (#1 or 2), we have zeroed in on four airline stocks that should be present in one's portfolio for handsome returns.
Spirit AirlinesSAVE , headquartered in Miramar, FL, provides low-fare airline services. The stock currently has a Zacks Rank #1 (Strong Buy). It has outshined the Zacks Consensus Estimate for earnings in each of the trailing four quarters. The average positive surprise is 3.2%. The Zacks Consensus Estimate for its fourth-quarter earnings surged 91% in the past 60 days. The company is expected to report fourth-quarter results on Feb 6. You can see the complete list of today's Zacks #1 Rank stocks here.
Alaska Air Group , based in Seattle, WA, together with its partner regional carriers, serves more than 100 cities across North America. The stock currently has a Zacks Rank #2 (Buy). It has outshined the Zacks Consensus Estimate for earnings in three of the trailing four quarters. The average positive surprise is 8.8%. The Zacks Consensus Estimate for its fourth-quarter earnings increased 65.1% in the past 60 days. The company is scheduled to report fourth-quarter results on Jan 24.
Based in Las Vegas, Allegiant Travel CompanyALGT is the parent company of Allegiant Air. The company, carrying a Zacks Rank #2, offers air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel-related services. It has outshined the Zacks Consensus Estimate for earnings in three of the trailing four quarters. The average positive surprise is 18.7%. The stock has seen the Zacks Consensus Estimate for fourth-quarter earnings being revised 21.9% upward in the last 60 days. The company is scheduled to report fourth-quarter results on Jan 30.
American Airlines operates more than 6,700 daily flights to over 330 destinations in more than 50 nations across the globe from its hubs. American Airlines is headquartered in Fort Worth, TX and carries a Zacks Rank #2. It has outshined the Zacks Consensus Estimate for earnings in each of the trailing four quarters. The average positive surprise is 2%. The stock has seen the Zacks Consensus Estimate for fourth-quarter earnings being revised 33.7% upward in the last 90 days. The company is scheduled to report fourth-quarter results on Jan 24.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
SkyWest, Inc. (SKYW): Free Stock Analysis Report
Allegiant Travel Company (ALGT): Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other airline stocks like American Airlines AAL , SkyWest SKYW , JetBlue Airways JBLU and Alaska Air Group ALK also saw their stock prices appreciate to the tune of 2.3%, 1.8%, 1.1% and 1%, respectively. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The catalyst was the impressive Q4 earnings report of one of the airline heavyweights - United Continental Holdings UAL - which was released on Jan 15, after market close.
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Other airline stocks like American Airlines AAL , SkyWest SKYW , JetBlue Airways JBLU and Alaska Air Group ALK also saw their stock prices appreciate to the tune of 2.3%, 1.8%, 1.1% and 1%, respectively. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Why United Continental's Report Excited Investors The Chicago-based United Continental reported better-than-expected earnings per share and revenues in Q4.
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Other airline stocks like American Airlines AAL , SkyWest SKYW , JetBlue Airways JBLU and Alaska Air Group ALK also saw their stock prices appreciate to the tune of 2.3%, 1.8%, 1.1% and 1%, respectively. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Based on a favorable Zacks Rank (#1 or 2), we have zeroed in on four airline stocks that should be present in one's portfolio for handsome returns.
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Other airline stocks like American Airlines AAL , SkyWest SKYW , JetBlue Airways JBLU and Alaska Air Group ALK also saw their stock prices appreciate to the tune of 2.3%, 1.8%, 1.1% and 1%, respectively. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Why United Continental's Report Excited Investors The Chicago-based United Continental reported better-than-expected earnings per share and revenues in Q4.
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6740.0
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2019-01-17 00:00:00 UTC
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Analysts Anticipate IYT Will Reach $211
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AAL
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https://www.nasdaq.com/articles/analysts-anticipate-iyt-will-reach-211-2019-01-17
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares Transportation Average ETF (Symbol: IYT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $211.47 per unit.
With IYT trading at a recent price near $172.73 per unit, that means that analysts see 22.43% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IYT's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), Delta Air Lines Inc (Symbol: DAL), and Matson Inc (Symbol: MATX). Although AAL has traded at a recent price of $32.84/share, the average analyst target is 40.30% higher at $46.08/share. Similarly, DAL has 36.68% upside from the recent share price of $47.50 if the average analyst target price of $64.92/share is reached, and analysts on average are expecting MATX to reach a target price of $41.75/share, which is 27.52% above the recent price of $32.74. Below is a twelve month price history chart comparing the stock performance of AAL, DAL, and MATX:
Combined, AAL, DAL, and MATX represent 7.51% of the iShares Transportation Average ETF. Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although AAL has traded at a recent price of $32.84/share, the average analyst target is 40.30% higher at $46.08/share. Below is a twelve month price history chart comparing the stock performance of AAL, DAL, and MATX: Combined, AAL, DAL, and MATX represent 7.51% of the iShares Transportation Average ETF. Three of IYT's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), Delta Air Lines Inc (Symbol: DAL), and Matson Inc (Symbol: MATX).
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Below is a twelve month price history chart comparing the stock performance of AAL, DAL, and MATX: Combined, AAL, DAL, and MATX represent 7.51% of the iShares Transportation Average ETF. Three of IYT's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), Delta Air Lines Inc (Symbol: DAL), and Matson Inc (Symbol: MATX). Although AAL has traded at a recent price of $32.84/share, the average analyst target is 40.30% higher at $46.08/share.
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Three of IYT's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), Delta Air Lines Inc (Symbol: DAL), and Matson Inc (Symbol: MATX). Although AAL has traded at a recent price of $32.84/share, the average analyst target is 40.30% higher at $46.08/share. Below is a twelve month price history chart comparing the stock performance of AAL, DAL, and MATX: Combined, AAL, DAL, and MATX represent 7.51% of the iShares Transportation Average ETF.
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Below is a twelve month price history chart comparing the stock performance of AAL, DAL, and MATX: Combined, AAL, DAL, and MATX represent 7.51% of the iShares Transportation Average ETF. Three of IYT's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), Delta Air Lines Inc (Symbol: DAL), and Matson Inc (Symbol: MATX). Although AAL has traded at a recent price of $32.84/share, the average analyst target is 40.30% higher at $46.08/share.
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6741.0
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2019-01-17 00:00:00 UTC
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A Lucky Break for Lion Air Investigators May Hurt Boeing Stock
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AAL
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https://www.nasdaq.com/articles/lucky-break-lion-air-investigators-may-hurt-boeing-stock-2019-01-17
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Due to rapidly-rising geopolitical tensions, I have a long-term bullish perspective on the defense industry. But Boeing (NYSE: BA ) has robust exposure to both civilian and military applications, making it an appealing package. Under normal circumstances, I'd wholeheartedly recommend Boeing stock. However, recent events make BA a tricky call.
Specifically, I'm referring to Indonesia's Lion Air Flight 610 that crashed on October 29th, killing all onboard. After digesting the awful human tragedy, the finger-pointing began. At the center of the controversy is the airplane involved in the accident, a Boeing 737 Max .
The Max represents the latest version of the venerable 737 series. As such, it features technological upgrades that supposedly make the plane safer to operate. A key improvement, the Maneuvering Characteristics Augmentation System (MCAS), is integrated in the 737 Max, but not in older versions.
Both Boeing and Lion Air agree that the critical malfunctioned occurred in the MCAS. That admission alone presents a worrying headwind for BA stock. According to the accident investigators, Lion Air's flight crew struggled with the MCAS, which constantly pushed the airliner's nose downward.
10 Growth Stocks With the Future Written All Over Them
From the evidence available, outsiders arrive at a logical conclusion. Without this new "improvement," Flight 610's passengers and crew would likely still be alive. Obviously, this is terrible PR for Boeing stock.
Moreover, Lion Air claimed that BA failed to educate the company about MCAS, and how to respond in an emergency. Another damning indictment against BA stock: multiple airliners, including Southwest Airlines (NYSE: LUV ) and American Airlines (NASDAQ: AAL ), support Lion Air's accusation.
However, Boeing pushed back, stating that standard operating procedures would have address the MCAS failure. Also, a Lion Air ground crew may have inadvertently tampered with the MCAS sensor on the doomed flight.
Boeing Stock Hangs on a Delicate Thread
Right now, I believe Lion Air has the stronger argument. While the flight crew may have responded inappropriately, and the ground crew may have erred in the maintenance process, BA has an absolute responsibility to inform all parties about MCAS. Not doing so is negligent.
However, I reached my conclusion without the benefit of the cockpit voice recorder (CVR). This would show how the pilots responded to the malfunction. And just recently, Indonesian investigators recovered the CVR .
Finding the CVR was a stroke of luck. In about two weeks, the device's acoustic beacon which pings its location would have died. At the same time, it could also spell trouble for Boeing stock if the CVR confirms Lion Air's side (as well as Southwest's and American Airlines').
With the CVR, investigators can have a true glimpse into the flight crew's mindset. If any indication exists that the pilots attempted to regain control through standard measures but failed, the fallout may significantly harm BA stock.
For one thing, Boeing has largely been on the defensive. Rather than offer viable theories, they're denying Lion Air's accusations. These denials include rebuttals that BA provided adequate information on dealing with MCAS-related emergencies.
An analysis of the CVR may evaporate either party's explanations or accusations. But even if the cockpit recording suggested pilot error, Boeing stock still has a problem. In this case, the error didn't occur in a vacuum. The culprit still remains the MCAS.
In my opinion, the cockpit recording only has two outcomes for BA stock: bad news or really bad news. Either way, Lion Air asks the same question: why did you provide airliners with faulty technology?
It doesn't help that the Federal Aviation Administration warned 737 Max pilots about the MCAS system following the accident. Such announcements indict the system, not the pilot.
Be Patient With BA stock
I'm not saying Boeing stock is done. As I mentioned earlier, I have a longer-term perspective on defense companies. Militarily and politically, Boeing offers multiple contributions, not the least of which is Air Force One.
Furthermore, management has significantly expanded its footprint. For instance, its partnerships with multiple Japanese companies to produce next-generation electric-propulsion airplanes appear promising. Japan eagerly wishes to grow its burgeoning aviation industry. If the country achieves half the success it did with automobiles, the Boeing-Japan partnership will reap significant profits.
But in the meantime, this Lion Air controversy isn't going away. The airline previously threatened to cancel a $22 billion order. Depending on the results of the investigation, we may have massive lawsuits flying around.
7 Stocks to Buy as the Dollar Weakens
For me, the bottom line is that serious distractions exist. With BA stock gyrating wildly in the past few months, I'd wait on the sidelines. You may regret a few missed percentage points. On the other hand, you might save yourself heartache if this ugly incident doesn't go Boeing's way.
As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities.
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The post A Lucky Break for Lion Air Investigators May Hurt Boeing 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Another damning indictment against BA stock: multiple airliners, including Southwest Airlines (NYSE: LUV ) and American Airlines (NASDAQ: AAL ), support Lion Air's accusation. According to the accident investigators, Lion Air's flight crew struggled with the MCAS, which constantly pushed the airliner's nose downward. At the same time, it could also spell trouble for Boeing stock if the CVR confirms Lion Air's side (as well as Southwest's and American Airlines').
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Another damning indictment against BA stock: multiple airliners, including Southwest Airlines (NYSE: LUV ) and American Airlines (NASDAQ: AAL ), support Lion Air's accusation. According to the accident investigators, Lion Air's flight crew struggled with the MCAS, which constantly pushed the airliner's nose downward. But even if the cockpit recording suggested pilot error, Boeing stock still has a problem.
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Another damning indictment against BA stock: multiple airliners, including Southwest Airlines (NYSE: LUV ) and American Airlines (NASDAQ: AAL ), support Lion Air's accusation. At the same time, it could also spell trouble for Boeing stock if the CVR confirms Lion Air's side (as well as Southwest's and American Airlines'). More From InvestorPlace 2 Toxic Pot Stocks You Should Avoid 10 Growth Stocks With the Future Written All Over Them 7 Reasons Why Buffett's Bet on Apple Stock Is a Good One 10 Companies That Could Post Decelerating Profits Compare Brokers The post A Lucky Break for Lion Air Investigators May Hurt Boeing Stock appeared first on InvestorPlace .
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Another damning indictment against BA stock: multiple airliners, including Southwest Airlines (NYSE: LUV ) and American Airlines (NASDAQ: AAL ), support Lion Air's accusation. According to the accident investigators, Lion Air's flight crew struggled with the MCAS, which constantly pushed the airliner's nose downward. It doesn't help that the Federal Aviation Administration warned 737 Max pilots about the MCAS system following the accident.
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6742.0
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2019-01-16 00:00:00 UTC
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United Airlines Stock Soared On Earnings, But It’s Not Too Late to Board
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AAL
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https://www.nasdaq.com/articles/united-airlines-stock-soared-earnings-its-not-too-late-board-2019-01-16
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Last night, United Airlines (NASDAQ: UAL ) management reported earnings and Wall Street loved what it saw. UAL stock rallied 5% on the headline. The airline sector has a long standing reputation that it will always manage to mess up a good thing. But this idea is slowly dying.
Something has changed because we all now pay for every perk that used to be free and then some. Even after you pay for your seat you find out that you need to pay extra if you plan on breathing oxygen while on board.
All kidding aside, airlines now are taking in more dollars than ever. UAL just delivered a monster beat above expectations on all metrics and upgraded its outlook even in the face of uncertain macro issues. Clearly the messes from the headline flubs are long gone.
The question from here is if the company can maintain this fleecing of its clients. I have no specific reason to believe that it can't, but I wanted to get the potential pitfalls out of the way before I share the upside opportunity that is still in UAL stock. I can go long, even up here on this pop.
Potential Downsides to UAL Stock
The Environment: First, let's start with the macroeconomic picture. I still believe that the fundamentals favor the bullish thesis: 2018 ended red, but that was because we had a slew of negative headlines littering our ticker tape. We have since eliminated one major fear. The Fed is no longer the enemy as they said they won't invert the yield curve on purpose. So the threat of a self-inflicted recession is now minimal.
10 Growth Stocks With the Future Written All Over Them
We are left with the tariff war between the U.S. and China. Even there, the rhetoric from both sides has become more tame. They both state their optimism that they will come to terms by March. So we should have clear sailing on that front for a few weeks.
We recently have a new worry emerging from the government shutdown, which is now a record. There is a problem brewing from the TSA calling in absent since they are not getting a paycheck. This could impact UAL's bottom line, but so far they say it's not material enough to change the message.
United Airlines fundamentals are modest. UAL stock sells at a trailing price-to-earnings ratio of 10.9. This is low in absolute terms and in line with its competitors.
In short, United Airlines stock is not bloated and owning it at these valuations is not likely to be a big mistake in the long run.
I hear some experts wanting to chase laggards instead of buying the UAL stock pop. I disagree!
I'd rather bet on a team that just delivered a big win than bet that the struggling stocks of AAL or Delta Airlines (NASDAQ: DAL ). Not every lagging stock catches up because there might be reasons why they lagged in the first place.
AAL and DAL stock are down 20% and 45% over the past year, whereas UAL is up 5% … even before this pop. This is proof that if markets in general are going to be higher this year, UAL is the one major airline most likely be up at a commensurate rate. Meanwhile, the iShares Transportation Average ETF (NYSEARCA: IYT ) is down 15% for the same period.
7 Stocks to Buy as the Dollar Weakens
The technical reason: UAL stock is testing a pivotal zone around $85 per share. If the bulls can prevail, they can overshoot higher toward $90. And then, with the help of a rising tide in the stock market, they can try to recapture the highs. The upper end of the ascending 12-month channel is closer to the highs at $97.50 per share. Eventually they can get there without new shoes to drop.
Since we are still in a headline trading environment and the government shutdown looks like it will go on for weeks longer, I would not take a full position at once. This leaves me room to add in case the immediate price action fades a bit.
The bottom line on United Airlines stock? Management just crushed earnings. This is an all-clear to start or add to a bullish position in United Airlines stock for the long term.
Click here and enjoy a free video and more of my market thesis and get an ongoing free copy of my weekly newsletters. 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. You can follow him as @racernic on Twitter and Stocktwits .
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The post United Airlines Stock Soared On Earnings, But It's Not Too Late to Board 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 views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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I'd rather bet on a team that just delivered a big win than bet that the struggling stocks of AAL or Delta Airlines (NASDAQ: DAL ). AAL and DAL stock are down 20% and 45% over the past year, whereas UAL is up 5% … even before this pop. UAL just delivered a monster beat above expectations on all metrics and upgraded its outlook even in the face of uncertain macro issues.
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I'd rather bet on a team that just delivered a big win than bet that the struggling stocks of AAL or Delta Airlines (NASDAQ: DAL ). AAL and DAL stock are down 20% and 45% over the past year, whereas UAL is up 5% … even before this pop. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Last night, United Airlines (NASDAQ: UAL ) management reported earnings and Wall Street loved what it saw.
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I'd rather bet on a team that just delivered a big win than bet that the struggling stocks of AAL or Delta Airlines (NASDAQ: DAL ). AAL and DAL stock are down 20% and 45% over the past year, whereas UAL is up 5% … even before this pop. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Last night, United Airlines (NASDAQ: UAL ) management reported earnings and Wall Street loved what it saw.
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I'd rather bet on a team that just delivered a big win than bet that the struggling stocks of AAL or Delta Airlines (NASDAQ: DAL ). AAL and DAL stock are down 20% and 45% over the past year, whereas UAL is up 5% … even before this pop. 7 Stocks to Buy as the Dollar Weakens The technical reason: UAL stock is testing a pivotal zone around $85 per share.
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6743.0
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2019-01-16 00:00:00 UTC
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Airline Stock Roundup: DAL & UAL's Earnings Beat, AAL's Bearish Q4 View & More
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-dal-uals-earnings-beat-aals-bearish-q4-view-more-2019-01-16
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nan
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nan
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In the past week, Delta Air Lines DAL kick-started the fourth-quarter 2018 earnings season for the airline space. This Atlanta, GA-based carrier reported better-than-expected earnings but lower-than-expected revenues. For the first quarter of 2019, Delta's earnings guidance lagged expectations.
Consequently, the stock shed value following the quarterly results despite outperforming on the bottom-line front. Moreover, Delta said that its business is suffering due to the partial federal government shutdown, which is now officially the longest on record (having turned 25 days on Jan 15). As a result of lower government travel, Delta's revenues are likely to be hurt to the tune of roughly $25 million in January. Launch of its new Airbus A220 jets is also likely to be delayed due to the partial shutdown.
Meanwhile, United Continental Holdings UAL outperformed with respect to earnings and revenues in the fourth quarter. For 2019, the company expects earnings to be between $10 and $12 per share. The Zacks Consensus Estimate is pegged at $10.65.
American Airlines Group AAL was another major newsmaker over the past five trading days, courtesy of its decision to trim earnings per share view for 2018. The airline behemoth also stated that fourth-quarter unit revenues are expected to inch up approximately 1.5%, which is at the lower end of 1.5-3.5% projected earlier. American Airlines is slated to release its fourth-quarter and 2018 results on Jan 24.
JetBlue Airways Corporation JBLU and Hawaiian Holdings' HA wholly owned subsidiary Hawaiian Airlines too grabbed headlines as they released respective traffic reports for December. Load factor (% of seats filled by passengers) declined at both carriers as traffic growth was outpaced by capacity expansion.
(Read the last Airline Stock Roundup for Jan 09, 2019 )
Recap of the Past Week's Most Important Stories
1. Delta's fourth-quarter earnings (excluding 19 cents from non-recurring items) of $1.30 per share surpassed the Zacks Consensus Estimate by 3 cents. Moreover, the bottom line increased on a year-over-year basis. However, operating revenues of $10,742 million fell short of the Zacks Consensus Estimate of $10,828.7 million. Revenues increased 4.9% from the year-ago figure (read more: Delta Air Lines Q4 Earnings Beat, Revenues Lag ).
Delta carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. United Continental's fourth-quarter earnings (excluding 71 cents from non-recurring items) of $2.41 per share surpassed the Zacks Consensus Estimate of $1.86. The bottom line also increased significantly year over year owing to higher revenues.
Operating revenues came in at $10,491 million, which outpaced the Zacks Consensus Estimate of $10,369.9 million and improved 11.2% on a year-over-year basis. Consolidated passenger revenue per available seat mile (PRASM: a key measure of unit revenues) increased 5% year over year to 13.87 cents in the final quarter of 2018. The company anticipates first-quarter 2019 capacity to expand between 5% and 6%, while pre-tax margin (adjusted) is estimated to lie between 2.5% and 4.5%. Passenger unit revenues are anticipated to either remain flat or increase up to 3% year over. Meanwhile, consolidated average aircraft fuel price per gallon is envisioned between $2 and $2.05. Effective income tax rate for the quarter is likely to be in the 21-23% range.
For 2019, capacity is estimated to expand in the 4-6% range. Adjusted capital expenditures are projected to be approximately $4.7 billion.
3. American Airlines' bleak guidance for fourth-quarter unit revenues was due to lower-than-expected improvements in the domestic market year over year. However, with oil prices on a downtrend, the carrier trimmed its fourth-quarter forecast for average fuel prices per gallon. The metric (inclusive of taxes) is now anticipated between $2.22 and $2.27 (past view: $2.30-$2.35). The company continues to predict non-fuel unit costs between -1% and +1% (year over year). Additionally, American Airlines still envisions fourth-quarter adjusted pre-tax income in the band of 4.5-6.5% (read more: American Airlines Stock Falls on Bleak Q4 Guidance ).
4. At JetBlue, traffic - measured in revenue passenger miles (RPMs) - increased 6.8% year over year to 4.35 billion. Consolidated capacity (or available seat miles/ASMs) expanded 8.5% to 5.35 billion on a year-over-year basis. The company now anticipates fourth-quarter 2018 revenue per available seat mile (RASM) to climb around 2.4% year over year, within the previously guided range of 1.5-3.5%. The view includes 0.3 points adversity due to higher-than-expected completion factor. Detailed results will be out on Jan 24 (read more: JetBlue's December Traffic Rises, Load Factor Falls ).
5. At Hawaiian Airlines, December traffic increased 5.1% to 1.46 billion. Capacity expanded 5.6% to 1.74 billion in the same period. For the fourth quarter of 2018, results of which will be out on Jan 29, the carrier now anticipates RASM to decline 3-4% year over year. Earlier, the metric was expected to decrease in the range of 3-5%. This slightly improved projection can be attributed to higher yields on the carrier's international routes and a strong holiday traffic on its North America routes (read more: Hawaiian Airlines Reports Lower Load Factor, Alters Q4 View ).
Price Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
The table above shows that majority of the airline stocks traded in the red over the past week leading to the NYSE ARCA Airline Index's approximately 1% decline. Over the course of six months, the sector tracker decreased 4.8% despite impressive gains at the likes of GOL Linhas GOL and Spirit Airlines.
What's Next in the Airline Space?
Investors will look forward to December traffic reports from the likes of Copa Holdings CPA in the coming days.
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It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group AAL was another major newsmaker over the past five trading days, courtesy of its decision to trim earnings per share view for 2018. Moreover, Delta said that its business is suffering due to the partial federal government shutdown, which is now officially the longest on record (having turned 25 days on Jan 15). United Continental's fourth-quarter earnings (excluding 71 cents from non-recurring items) of $2.41 per share surpassed the Zacks Consensus Estimate of $1.86.
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American Airlines Group AAL was another major newsmaker over the past five trading days, courtesy of its decision to trim earnings per share view for 2018. Delta's fourth-quarter earnings (excluding 19 cents from non-recurring items) of $1.30 per share surpassed the Zacks Consensus Estimate by 3 cents. United Continental's fourth-quarter earnings (excluding 71 cents from non-recurring items) of $2.41 per share surpassed the Zacks Consensus Estimate of $1.86.
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American Airlines Group AAL was another major newsmaker over the past five trading days, courtesy of its decision to trim earnings per share view for 2018. Consolidated passenger revenue per available seat mile (PRASM: a key measure of unit revenues) increased 5% year over year to 13.87 cents in the final quarter of 2018. American Airlines' bleak guidance for fourth-quarter unit revenues was due to lower-than-expected improvements in the domestic market year over year.
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American Airlines Group AAL was another major newsmaker over the past five trading days, courtesy of its decision to trim earnings per share view for 2018. American Airlines is slated to release its fourth-quarter and 2018 results on Jan 24. American Airlines' bleak guidance for fourth-quarter unit revenues was due to lower-than-expected improvements in the domestic market year over year.
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6744.0
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2019-01-16 00:00:00 UTC
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Are Investors Undervaluing American Airlines (AAL) Right Now?
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AAL
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https://www.nasdaq.com/articles/are-investors-undervaluing-american-airlines-aal-right-now-2019-01-16
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nan
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nan
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 5.50, which compares to its industry's average of 8.77. AAL's Forward P/E has been as high as 11.53 and as low as 5.34, with a median of 7.30, all within the past year.
We also note that AAL holds a PEG ratio of 0.72. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. AAL's industry currently sports an average PEG of 0.73. Within the past year, AAL's PEG has been as high as 5.31 and as low as 0.38, with a median of 0.68.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. AAL has a P/S ratio of 0.33. This compares to its industry's average P/S of 0.7.
Finally, investors should note that AAL has a P/CF ratio of 4.80. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. AAL's P/CF compares to its industry's average P/CF of 5.56. Within the past 12 months, AAL's P/CF has been as high as 7.33 and as low as 4.50, with a median of 5.56.
These are only a few of the key metrics included in American Airlines's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, AAL looks like an impressive value stock at the moment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One company value investors might notice is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. AAL's Forward P/E has been as high as 11.53 and as low as 5.34, with a median of 7.30, all within the past year.
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One company value investors might notice is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. AAL's Forward P/E has been as high as 11.53 and as low as 5.34, with a median of 7.30, all within the past year.
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One company value investors might notice is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. AAL's Forward P/E has been as high as 11.53 and as low as 5.34, with a median of 7.30, all within the past year.
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AAL has a P/S ratio of 0.33. One company value investors might notice is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
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6745.0
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2019-01-15 00:00:00 UTC
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Delta Air growth to slow further in 1st quarter as shutdown weighs
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AAL
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https://www.nasdaq.com/articles/delta-air-growth-slow-further-1st-quarter-shutdown-weighs-2019-01-15
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nan
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nan
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By Ankit Ajmera and Tracy Rucinski
Jan 15 () - Delta Air Lines Inc posted a slight beat in fourth-quarter profit on Tuesday but warned of a decline in revenue growth this quarter and difficulties in introducing new aircraft because of the U.S. partial government shutdown.
As the shutdown entered its 25th day on Tuesday, non-essential work at the Federal Aviation Administration was on hold, delaying the certification of new aircraft.
The A220 is a small, single-aisle aircraft that Airbus is producing in partnership with Bombardier. The A330neo sports a newer cabin and larger engines than existing A330 long-haul jets.
Delta Chief Executive Officer Ed Bastian said the shutdown will cost about $25 million per month due to reduced government travel and related effects. He said the company has not seen any impact on corporate travel or bookings.
Still, the carrier sees unit revenue, a closely watched metric of revenues per mile flown, ranging between flat to 2 percent higher in the first quarter, compared with 3.2 percent growth in the fourth quarter. It cited the timing of when Easter falls this year and increasing foreign exchange headwinds as negative factors.
JP Morgan analyst Jamie Baker warned that Delta's first-quarter target for unit revenue could be at risk if the shutdown drags on past January.
Delta operates about 86 daily flights from Washington-area airports, less than rivals like United Airlines Holdings inc, which has a hub at Washington Dulles and has about 264 Washington-area flights per day.
United is due to report fourth-quarter results on Tuesday after the markets close.
Beyond the shutdown, which has been causing long airport lines as more security screeners, who are not being paid, fail to show up for work, Delta said leisure and corporate travel demand remained healthy, with strong bookings through the U.S. spring break period.
Delta forecast first-quarter earnings between 70 cents and 90 cents per share, below analysts' estimate of 94 cents, according to IBES data from Refinitiv.
Both Delta and larger rival American Airlines Inc lowered estimates earlier this month for fourth-quarter unit revenue, raising concerns about airlines' ability to raise fares in an uncertain global economy. The forecasts sent their shares sharply lower.
On an adjusted basis, Delta earned $1.30 per share in the fourth quarter, above the $1.27 per share expected by analysts.
Total operating revenue rose 5 percent to $10.74 billion, in line with the Wall Street estimate.
Shares rose 0.3 percent to $47.89.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Ankit Ajmera and Tracy Rucinski Jan 15 () - Delta Air Lines Inc posted a slight beat in fourth-quarter profit on Tuesday but warned of a decline in revenue growth this quarter and difficulties in introducing new aircraft because of the U.S. partial government shutdown. JP Morgan analyst Jamie Baker warned that Delta's first-quarter target for unit revenue could be at risk if the shutdown drags on past January. Beyond the shutdown, which has been causing long airport lines as more security screeners, who are not being paid, fail to show up for work, Delta said leisure and corporate travel demand remained healthy, with strong bookings through the U.S. spring break period.
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Delta operates about 86 daily flights from Washington-area airports, less than rivals like United Airlines Holdings inc, which has a hub at Washington Dulles and has about 264 Washington-area flights per day. Delta forecast first-quarter earnings between 70 cents and 90 cents per share, below analysts' estimate of 94 cents, according to IBES data from Refinitiv. Both Delta and larger rival American Airlines Inc lowered estimates earlier this month for fourth-quarter unit revenue, raising concerns about airlines' ability to raise fares in an uncertain global economy.
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By Ankit Ajmera and Tracy Rucinski Jan 15 () - Delta Air Lines Inc posted a slight beat in fourth-quarter profit on Tuesday but warned of a decline in revenue growth this quarter and difficulties in introducing new aircraft because of the U.S. partial government shutdown. Still, the carrier sees unit revenue, a closely watched metric of revenues per mile flown, ranging between flat to 2 percent higher in the first quarter, compared with 3.2 percent growth in the fourth quarter. Both Delta and larger rival American Airlines Inc lowered estimates earlier this month for fourth-quarter unit revenue, raising concerns about airlines' ability to raise fares in an uncertain global economy.
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Still, the carrier sees unit revenue, a closely watched metric of revenues per mile flown, ranging between flat to 2 percent higher in the first quarter, compared with 3.2 percent growth in the fourth quarter. Delta operates about 86 daily flights from Washington-area airports, less than rivals like United Airlines Holdings inc, which has a hub at Washington Dulles and has about 264 Washington-area flights per day. On an adjusted basis, Delta earned $1.30 per share in the fourth quarter, above the $1.27 per share expected by analysts.
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6746.0
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2019-01-15 00:00:00 UTC
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Delta growth to slow further in first quarter as shutdown weighs
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AAL
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https://www.nasdaq.com/articles/delta-growth-slow-further-first-quarter-shutdown-weighs-2019-01-15
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By Ankit Ajmera and Tracy Rucinski
Jan 15 () - Delta Air Lines Inc on Tuesday forecast a further decline in revenue growth per mile flown in the first quarter, hit by a partial government shutdown and worries about whether airlines can raise fares in an uncertain global economy.
Shares fell 2 percent to $46.80 before the bell.
But Delta forecast that year-on-year growth in unit revenue, which compares sales to flight capacity, would be hurt in the current quarter by the timing of Easter, increasing foreign exchange headwinds, and the ongoing U.S. government shutdown, which entered its 25th day on Tuesday.
Speaking on CNBC, Delta Chief Executive Officer Ed Bastian said the partial shutdown will cost the airline $25 million in lost revenue in January because fewer government contractors are traveling.
And with some 800,000 government employees furloughed or working without pay, U.S. airlines are not able to launch new routes or place newly delivered airplanes into service because they need certification from federal officials.
In a note to investors, Cowen and Co analyst Helane Becker said corporate travel will also be affected by the shutdown and replaced with lower-yielding leisure travel.
Delta also forecast first-quarter earnings between 70 cents and 90 cents per share, below analysts' estimate of 94 cents, according to IBES data from Refinitiv.
Both Delta and larger rival American Airlines Inc lowered estimates earlier this month for fourth-quarter revenue per available seat, raising concerns that an economic deceleration was hurting business travel. The forecasts sent their shares sharply lower.
Delta said on Tuesday that unit revenue will be in a range between flat to up 2 percent in the first quarter, compared with 3.2 percent growth in the fourth quarter ended Dec. 31.
On an adjusted basis, the airline earned $1.30 per share for the fourth quarter, above the $1.27 per share expected by analysts.
Total operating revenue rose 5 percent to $10.74 billion, in line with the Wall Street estimate.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Ankit Ajmera and Tracy Rucinski Jan 15 () - Delta Air Lines Inc on Tuesday forecast a further decline in revenue growth per mile flown in the first quarter, hit by a partial government shutdown and worries about whether airlines can raise fares in an uncertain global economy. But Delta forecast that year-on-year growth in unit revenue, which compares sales to flight capacity, would be hurt in the current quarter by the timing of Easter, increasing foreign exchange headwinds, and the ongoing U.S. government shutdown, which entered its 25th day on Tuesday. Speaking on CNBC, Delta Chief Executive Officer Ed Bastian said the partial shutdown will cost the airline $25 million in lost revenue in January because fewer government contractors are traveling.
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But Delta forecast that year-on-year growth in unit revenue, which compares sales to flight capacity, would be hurt in the current quarter by the timing of Easter, increasing foreign exchange headwinds, and the ongoing U.S. government shutdown, which entered its 25th day on Tuesday. Delta also forecast first-quarter earnings between 70 cents and 90 cents per share, below analysts' estimate of 94 cents, according to IBES data from Refinitiv. Delta said on Tuesday that unit revenue will be in a range between flat to up 2 percent in the first quarter, compared with 3.2 percent growth in the fourth quarter ended Dec. 31.
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By Ankit Ajmera and Tracy Rucinski Jan 15 () - Delta Air Lines Inc on Tuesday forecast a further decline in revenue growth per mile flown in the first quarter, hit by a partial government shutdown and worries about whether airlines can raise fares in an uncertain global economy. But Delta forecast that year-on-year growth in unit revenue, which compares sales to flight capacity, would be hurt in the current quarter by the timing of Easter, increasing foreign exchange headwinds, and the ongoing U.S. government shutdown, which entered its 25th day on Tuesday. Delta said on Tuesday that unit revenue will be in a range between flat to up 2 percent in the first quarter, compared with 3.2 percent growth in the fourth quarter ended Dec. 31.
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The forecasts sent their shares sharply lower. Delta said on Tuesday that unit revenue will be in a range between flat to up 2 percent in the first quarter, compared with 3.2 percent growth in the fourth quarter ended Dec. 31. On an adjusted basis, the airline earned $1.30 per share for the fourth quarter, above the $1.27 per share expected by analysts.
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6747.0
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2019-01-15 00:00:00 UTC
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Delta Air warns of slowing revenue growth as gov't shutdown weighs
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AAL
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https://www.nasdaq.com/articles/delta-air-warns-slowing-revenue-growth-govt-shutdown-weighs-2019-01-15
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By Ankit Ajmera and Tracy Rucinski
Jan 15 () - Delta Air Lines Inc posted a slight beat in fourth-quarter profit on Tuesday but warned of a decline in revenue growth this quarter and difficulties in introducing new aircraft because of the U.S. partial government shutdown.
As the shutdown entered its 25th day on Tuesday, non-essential work at the Federal Aviation Administration was on hold, delaying the certification of new aircraft.
The A220 is a small, single-aisle aircraft that Airbus is producing in partnership with Bombardier. The A330neo sports a newer cabin and larger engines than existing A330 long-haul jets.
Delta Chief Executive Officer Ed Bastian said the shutdown will cost about $25 million per month due to reduced government travel and related effects. He said the company has not seen any impact on corporate travel or bookings.
Still, the carrier sees unit revenue, a closely watched metric of revenues per mile flown, ranging between flat to 2 percent higher in the first quarter, compared with 3.2 percent growth in the fourth quarter. It cited the timing of when Easter falls this year and increasing foreign exchange headwinds as negative factors.
JP Morgan analyst Jamie Baker warned that Delta's first-quarter target for unit revenue could be at risk if the shutdown drags on past January.
Delta operates about 86 daily flights from Washington-area airports, less than rivals like United Airlines Holdings inc, which has a hub at Washington Dulles and has about 264 Washington-area flights per day.
United is due to report fourth-quarter results on Tuesday after the markets close.
Beyond the shutdown, which has been causing long airport lines as more security screeners, who are not being paid, fail to show up for work, Delta said leisure and corporate travel demand remained healthy, with strong bookings through the U.S. spring break period.
Delta forecast first-quarter earnings between 70 cents and 90 cents per share, below analysts' estimate of 94 cents, according to IBES data from Refinitiv.
Both Delta and larger rival American Airlines Inc lowered estimates earlier this month for fourth-quarter unit revenue, raising concerns about airlines' ability to raise fares in an uncertain global economy. The forecasts sent their shares sharply lower.
On an adjusted basis, Delta earned $1.30 per share in the fourth quarter, above the $1.27 per share expected by analysts.
Total operating revenue rose 5 percent to $10.74 billion, in line with the Wall Street estimate.
Shares rose 0.3 percent to $47.89.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Ankit Ajmera and Tracy Rucinski Jan 15 () - Delta Air Lines Inc posted a slight beat in fourth-quarter profit on Tuesday but warned of a decline in revenue growth this quarter and difficulties in introducing new aircraft because of the U.S. partial government shutdown. JP Morgan analyst Jamie Baker warned that Delta's first-quarter target for unit revenue could be at risk if the shutdown drags on past January. Beyond the shutdown, which has been causing long airport lines as more security screeners, who are not being paid, fail to show up for work, Delta said leisure and corporate travel demand remained healthy, with strong bookings through the U.S. spring break period.
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Delta operates about 86 daily flights from Washington-area airports, less than rivals like United Airlines Holdings inc, which has a hub at Washington Dulles and has about 264 Washington-area flights per day. Delta forecast first-quarter earnings between 70 cents and 90 cents per share, below analysts' estimate of 94 cents, according to IBES data from Refinitiv. Both Delta and larger rival American Airlines Inc lowered estimates earlier this month for fourth-quarter unit revenue, raising concerns about airlines' ability to raise fares in an uncertain global economy.
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By Ankit Ajmera and Tracy Rucinski Jan 15 () - Delta Air Lines Inc posted a slight beat in fourth-quarter profit on Tuesday but warned of a decline in revenue growth this quarter and difficulties in introducing new aircraft because of the U.S. partial government shutdown. Still, the carrier sees unit revenue, a closely watched metric of revenues per mile flown, ranging between flat to 2 percent higher in the first quarter, compared with 3.2 percent growth in the fourth quarter. Both Delta and larger rival American Airlines Inc lowered estimates earlier this month for fourth-quarter unit revenue, raising concerns about airlines' ability to raise fares in an uncertain global economy.
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Still, the carrier sees unit revenue, a closely watched metric of revenues per mile flown, ranging between flat to 2 percent higher in the first quarter, compared with 3.2 percent growth in the fourth quarter. Delta operates about 86 daily flights from Washington-area airports, less than rivals like United Airlines Holdings inc, which has a hub at Washington Dulles and has about 264 Washington-area flights per day. On an adjusted basis, Delta earned $1.30 per share in the fourth quarter, above the $1.27 per share expected by analysts.
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6748.0
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2019-01-15 00:00:00 UTC
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U.S. calling back 1,700 aviation safety inspectors
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AAL
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https://www.nasdaq.com/articles/us-calling-back-1700-aviation-safety-inspectors-2019-01-15
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By David Shepardson
Jan 15 () - The Federal Aviation Administration is calling back 1,700 aviation safety inspectors as a partial government shutdown drags on into its fourth week.
An FAA spokesman said on Tuesday it is "recalling inspectors and engineers to perform duties to ensure continuous operational safety of the entire national airspace. We proactively conduct risk assessment, and we have determined that after three weeks it is appropriate to recall inspectors and engineers."
After the callbacks, 14,000 FAA of the 44,000 FAA employees will remain off the job. FAA employees, including more than 23,000 air traffic controllers, are working without pay.
FAA approval of aircraft such as Boeing's MAX and new routes like Southwest Airlines Co'sHawaii launch are on hold. The FAA said it is not immediately recalling employees who handle certifications of new aircraft.
Southwest confirmed on Monday its plans to launch service to Hawaii early this year were on hold because the FAA groups that oversee the route authorization process are on furlough. The airline said it will not announce any timelines for selling or operating flights to Hawaii until it receives the necessary authorization.
The partial government shutdown is also affecting the certification program for U.S. business jet maker Gulfstream Aerospace's new G600 corporate plane, along with other "facets of our business," a company spokeswoman said on Monday by email,
Savannah-based Gulfstream, a division of General Dynamics Corp had previously expected to obtain FAA certification or approval for the G600 by late 2018.
American Airlines Group Inc said it has taken delivery of two new MAX 8, but the planes are sitting idle in Tulsa, Oklahoma awaiting FAA approvals required for commercial operation.
The Transportation Security Administration said on Tuesday unanticipated absences of its 51,000 screeners rose to 6.8 percent Monday, up from 2.5 percent a year ago. TSA said security waits remained normal with the exception of Atlanta.
The U.S. Travel Association estimated on Tuesday that the estimated travel impact of the partial shutdown is $100 million daily for the U.S. economy, including the impact of suspended National Park services.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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An FAA spokesman said on Tuesday it is "recalling inspectors and engineers to perform duties to ensure continuous operational safety of the entire national airspace. Southwest confirmed on Monday its plans to launch service to Hawaii early this year were on hold because the FAA groups that oversee the route authorization process are on furlough. American Airlines Group Inc said it has taken delivery of two new MAX 8, but the planes are sitting idle in Tulsa, Oklahoma awaiting FAA approvals required for commercial operation.
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By David Shepardson Jan 15 () - The Federal Aviation Administration is calling back 1,700 aviation safety inspectors as a partial government shutdown drags on into its fourth week. Southwest confirmed on Monday its plans to launch service to Hawaii early this year were on hold because the FAA groups that oversee the route authorization process are on furlough. The U.S. Travel Association estimated on Tuesday that the estimated travel impact of the partial shutdown is $100 million daily for the U.S. economy, including the impact of suspended National Park services.
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An FAA spokesman said on Tuesday it is "recalling inspectors and engineers to perform duties to ensure continuous operational safety of the entire national airspace. Southwest confirmed on Monday its plans to launch service to Hawaii early this year were on hold because the FAA groups that oversee the route authorization process are on furlough. The partial government shutdown is also affecting the certification program for U.S. business jet maker Gulfstream Aerospace's new G600 corporate plane, along with other "facets of our business," a company spokeswoman said on Monday by email, Savannah-based Gulfstream, a division of General Dynamics Corp had previously expected to obtain FAA certification or approval for the G600 by late 2018.
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We proactively conduct risk assessment, and we have determined that after three weeks it is appropriate to recall inspectors and engineers." After the callbacks, 14,000 FAA of the 44,000 FAA employees will remain off the job. FAA approval of aircraft such as Boeing's MAX and new routes like Southwest Airlines Co'sHawaii launch are on hold.
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6749.0
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2019-01-15 00:00:00 UTC
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Delta, United profit beats encourage sector, but shutdown impact looms
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AAL
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https://www.nasdaq.com/articles/delta-united-profit-beats-encourage-sector-shutdown-impact-looms-2019-01-15
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By Tracy Rucinski
CHICAGO, Jan 15 () - Delta Air Lines Inc and United Airlines kicked off fourth-quarter earnings reporting for the sector on Tuesday with profits that beat Wall Street expectations, but the rippling effects of a government shutdown could take a toll on the current quarter and beyond.
The profit beats boosted airline shares in after-hours trading, with United Continental Holdings up nearly 6 percent, while Delta rose 1 percent. Shares of American Airlines Group and Southwest Airlines Co also rose, up 2.4 percent and 1.4 percent, respectively.
United said it had placed orders for four Boeing 777-300ER aircraft and 24 737 MAX planes, though the commercial use of new planes could be delayed as non-essential work at the Federal Aviation Administration, which is responsible for certifying new aircraft, remained on hold due to the shutdown.
The FAA said on Tuesday it is calling back 1,700 aviation safety inspectors, but does not have immediate plans to recall employees who handle certifications of new aircraft.
"There continues to be growing concerns around the macro environment with the government shutdown and slowing economies in Europe and Asia," Cowen and Company analyst Helane Becker said.
Delta Chief Executive Ed Bastian said the shutdown will cost about $25 million per month due to reduced government travel and related effects. He said the company has not seen any impact on corporate travel or bookings, which overall look healthy through the U.S. spring break period.
Delta operates about 86 daily flights out of Washington area airports.
United, with a hub at Washington Dulles, could be more exposed to a prolonged shutdown, operating about 264 Washington area flights per day in January.
Chicago-based United also warned that revenue per mile flown could fall in the first quarter. Its management will discuss earnings and forecasts on a conference call on Wednesday.
In the fourth quarter, United's adjusted earnings per share rose to $2.41 from $1.99 a year earlier, topping analysts' average forecast by 37 cents, according to IBES data from Refinitiv.
United attributed fourth-quarter growth to a strategy launched last January to expand its domestic network by adding flights and more options for connections through its seven main hubs, with a particular focus on Chicago, Denver and Houston.
Delta reported adjusted profit of $1.30 per share for the fourth quarter, beating analysts' estimates by 3 cents.
Delta also forecast first-quarter earnings between 70 cents and 90 cents per share, while United said it expects full-year adjusted earnings of $10.00 to $12.00 per share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski CHICAGO, Jan 15 () - Delta Air Lines Inc and United Airlines kicked off fourth-quarter earnings reporting for the sector on Tuesday with profits that beat Wall Street expectations, but the rippling effects of a government shutdown could take a toll on the current quarter and beyond. In the fourth quarter, United's adjusted earnings per share rose to $2.41 from $1.99 a year earlier, topping analysts' average forecast by 37 cents, according to IBES data from Refinitiv. United attributed fourth-quarter growth to a strategy launched last January to expand its domestic network by adding flights and more options for connections through its seven main hubs, with a particular focus on Chicago, Denver and Houston.
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In the fourth quarter, United's adjusted earnings per share rose to $2.41 from $1.99 a year earlier, topping analysts' average forecast by 37 cents, according to IBES data from Refinitiv. Delta reported adjusted profit of $1.30 per share for the fourth quarter, beating analysts' estimates by 3 cents. Delta also forecast first-quarter earnings between 70 cents and 90 cents per share, while United said it expects full-year adjusted earnings of $10.00 to $12.00 per share.
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By Tracy Rucinski CHICAGO, Jan 15 () - Delta Air Lines Inc and United Airlines kicked off fourth-quarter earnings reporting for the sector on Tuesday with profits that beat Wall Street expectations, but the rippling effects of a government shutdown could take a toll on the current quarter and beyond. The profit beats boosted airline shares in after-hours trading, with United Continental Holdings up nearly 6 percent, while Delta rose 1 percent. Delta also forecast first-quarter earnings between 70 cents and 90 cents per share, while United said it expects full-year adjusted earnings of $10.00 to $12.00 per share.
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By Tracy Rucinski CHICAGO, Jan 15 () - Delta Air Lines Inc and United Airlines kicked off fourth-quarter earnings reporting for the sector on Tuesday with profits that beat Wall Street expectations, but the rippling effects of a government shutdown could take a toll on the current quarter and beyond. United, with a hub at Washington Dulles, could be more exposed to a prolonged shutdown, operating about 264 Washington area flights per day in January. Delta also forecast first-quarter earnings between 70 cents and 90 cents per share, while United said it expects full-year adjusted earnings of $10.00 to $12.00 per share.
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6750.0
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2019-01-15 00:00:00 UTC
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United profit beats forecasts as new flights from hubs pay off
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AAL
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https://www.nasdaq.com/articles/united-profit-beats-forecasts-new-flights-hubs-pay-2019-01-15
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By Tracy Rucinski
CHICAGO, Jan 15 () - United Airlines on Tuesday reported a fourth-quarter profit that easily beat Wall Street forecasts, sending shares higher, as the No. 3 U.S. carrier scheduled more flights out of its hubs and won back customers after a series of public relations disasters.
Shares of United Continental Holdings Inc jumped 6 percent to $86.11 in extended trading, lifting the airline sector and investor confidence after the carrier reported a 5 percent rise in revenue per mile flown, a closely watched industry measurement.
Airline shares had fallen this month after both Delta and American Airlines Group Inc lowered estimates for fourth-quarter unit revenue, raising concerns about the industry's ability to raise fares in an uncertain global economy.
Chicago-based United attributed its revenue growth to a strategy launched last January to expand its domestic network by adding flights and more options for connections through its seven main hubs, with a particular focus on Chicago, Denver and Houston.
Adjusted earnings per share rose to $2.41 from $1.99 a year earlier, topping analysts' average forecast by 37 cents, according to IBES data from Refinitiv.
For 2019, United said it expects adjusted earnings of $10.00 to $12.00 per share.
United posted fourth-quarter net income of $462 million, or $1.70 per share, compared with a profit of $579 million, or $1.98 per share, a year ago.
The airline said it planned to boost its flight network by another 4 percent to 6 percent next year, and said it had placed orders for four Boeing 777-300ER aircraft and 24 737 MAX planes.
However, the ability of airlines to introduce new aircraft into their fleets is being hampered by a partial U.S. government shutdown, which is delaying federal certification for new airplanes to fly commercially.
Delta on Tuesday warned of a decline in revenue growth per available seat mile in the current quarter in part due to business lost to the shutdown.
United said it expected first-quarter unit revenue growth to be between flat and up 3 percent. It did not comment on the impact of the shutdown.
In addition to capacity adds, United reinforced customer service over the past year in an effort to rebuild an image scarred by incidents of passenger abuse and dead pets.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski CHICAGO, Jan 15 () - United Airlines on Tuesday reported a fourth-quarter profit that easily beat Wall Street forecasts, sending shares higher, as the No. Chicago-based United attributed its revenue growth to a strategy launched last January to expand its domestic network by adding flights and more options for connections through its seven main hubs, with a particular focus on Chicago, Denver and Houston. In addition to capacity adds, United reinforced customer service over the past year in an effort to rebuild an image scarred by incidents of passenger abuse and dead pets.
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By Tracy Rucinski CHICAGO, Jan 15 () - United Airlines on Tuesday reported a fourth-quarter profit that easily beat Wall Street forecasts, sending shares higher, as the No. Airline shares had fallen this month after both Delta and American Airlines Group Inc lowered estimates for fourth-quarter unit revenue, raising concerns about the industry's ability to raise fares in an uncertain global economy. United said it expected first-quarter unit revenue growth to be between flat and up 3 percent.
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Shares of United Continental Holdings Inc jumped 6 percent to $86.11 in extended trading, lifting the airline sector and investor confidence after the carrier reported a 5 percent rise in revenue per mile flown, a closely watched industry measurement. Airline shares had fallen this month after both Delta and American Airlines Group Inc lowered estimates for fourth-quarter unit revenue, raising concerns about the industry's ability to raise fares in an uncertain global economy. United posted fourth-quarter net income of $462 million, or $1.70 per share, compared with a profit of $579 million, or $1.98 per share, a year ago.
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By Tracy Rucinski CHICAGO, Jan 15 () - United Airlines on Tuesday reported a fourth-quarter profit that easily beat Wall Street forecasts, sending shares higher, as the No. For 2019, United said it expects adjusted earnings of $10.00 to $12.00 per share. United said it expected first-quarter unit revenue growth to be between flat and up 3 percent.
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6751.0
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2019-01-14 00:00:00 UTC
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With Delta Air Lines Stock, Fear Beats Value
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AAL
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https://www.nasdaq.com/articles/delta-air-lines-stock-fear-beats-value-2019-01-14
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
When it reports on Tuesday, Delta Air Lines (NYSE: DAL ) will probably beat its earnings estimates because it has already marked them down. Delta sent the whole airline sector tumbling Jan.3 , and its own stock dropped 10% within a few trading sessions, after estimating it would make just $1.25-1.30 per share during the December quarter.
Analysts now expect Delta to beat that slightly, earning $1.31 per share on revenue of $10.83 billion.
Until its pre-announcement, Delta had been the strongest player in a weak airline group, dropping just 4.5% over six months while the most popular industry ETF, the SPDR S&P TransportationXTN (NYSARCA: XTN ) fell 8.5%.
Over the last year, Delta shares have shed 18% of their value.
DAL Stock Investors Don't Like Competition
On the surface Delta looks like a bargain with a price to earnings multiple of just 9.3 as trading opened Monday, and a market cap of $33 billion that's just three quarters its annual revenue, which should come in around $44 billion.
10 A-Rated Stocks the Smart Money Is Piling Into
But the entire airline group is cheap. Southwest Airlines (NYSE: LUV ) sits at just 7.5 times trailing earnings, while American Airlines Group (NYSE: AAL ) sells for 13 times earnings and United Continental Holdings (NYSE: UAL ) sells for 10.
Airlines are always threatening to become competitive, and investors hate competition, which can quickly turn black ink red. What caused Delta stock to turn down early this month was news that revenue per passenger mile would be up just 3% in December, while passengers boarded would be up 6.5%, the result of competition.
The airline sector was ruined by competition in the 2000s with most major airlines, including Delta, declaring bankruptcy at one time or another. During that decade Delta merged with Northwest Air, and many analysts credit Northwest managers with turning Delta around.
Worse Overseas for Delta
The level of competition in the profitable U.S. market is manageable, but Delta also faces intense competition overseas from national airlines that are subsidized by their governments, especially from the Middle East. Delta CEO Ed Bastian recently complained that after buying Air Italy, Qatar Air subsidized its heavy entry into the U.S. market, violating international treaties. Qatar denies the charge.
One way to fight back is through code sharing, putting the Delta name on flights by other airlines, and vice versa. Delta recently expanded into Africa in this way, through a code sharing deal with Kenya Airlines.
Delta has also tried to fight back against subsidized international competitors with business class seats that fold out into beds and with its own weather technology that reduces turbulence but most people still choose airline tickets based entirely on price, which requires airlines to turn everything into an up-sell in order to find profit and winds up angering passengers.
Comfort is especially important on international flights that can last 15 hours at a stretch. By adding small bits of room, and charging for them, Delta can raise its revenue per seat-mile, but passengers are aware of every class distinction within the coach cabin and complain loudly about it.
The Bottom Line
An airline seat that flies empty, like a hotel room that's unused, is lost revenue, so airline stocks are very sensitive to turbulence in either the domestic or international economy.
This impacts Delta just like every other airline. Getting new , more reliable and fuel efficient or luxurious planes, doesn't change the equation, because other airlines can do the same. The fact that it has been nearly 10 years since lives were lost on a scheduled U.S. air flight is now assumed.
Expect Delta and other airline stocks to remain cheap on a relative basis, and even become cheaper, as economic turbulence increases, whether results are impacted or not.
Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family , available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn . As of this writing he owned no shares in companies mentioned in this article.
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The post With Delta Air Lines Stock, Fear Beats Value 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 views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Southwest Airlines (NYSE: LUV ) sits at just 7.5 times trailing earnings, while American Airlines Group (NYSE: AAL ) sells for 13 times earnings and United Continental Holdings (NYSE: UAL ) sells for 10. Delta sent the whole airline sector tumbling Jan.3 , and its own stock dropped 10% within a few trading sessions, after estimating it would make just $1.25-1.30 per share during the December quarter. Until its pre-announcement, Delta had been the strongest player in a weak airline group, dropping just 4.5% over six months while the most popular industry ETF, the SPDR S&P TransportationXTN (NYSARCA: XTN ) fell 8.5%.
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Southwest Airlines (NYSE: LUV ) sits at just 7.5 times trailing earnings, while American Airlines Group (NYSE: AAL ) sells for 13 times earnings and United Continental Holdings (NYSE: UAL ) sells for 10. InvestorPlace - Stock Market News, Stock Advice & Trading Tips When it reports on Tuesday, Delta Air Lines (NYSE: DAL ) will probably beat its earnings estimates because it has already marked them down. Worse Overseas for Delta The level of competition in the profitable U.S. market is manageable, but Delta also faces intense competition overseas from national airlines that are subsidized by their governments, especially from the Middle East.
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Southwest Airlines (NYSE: LUV ) sits at just 7.5 times trailing earnings, while American Airlines Group (NYSE: AAL ) sells for 13 times earnings and United Continental Holdings (NYSE: UAL ) sells for 10. Worse Overseas for Delta The level of competition in the profitable U.S. market is manageable, but Delta also faces intense competition overseas from national airlines that are subsidized by their governments, especially from the Middle East. Delta has also tried to fight back against subsidized international competitors with business class seats that fold out into beds and with its own weather technology that reduces turbulence but most people still choose airline tickets based entirely on price, which requires airlines to turn everything into an up-sell in order to find profit and winds up angering passengers.
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Southwest Airlines (NYSE: LUV ) sits at just 7.5 times trailing earnings, while American Airlines Group (NYSE: AAL ) sells for 13 times earnings and United Continental Holdings (NYSE: UAL ) sells for 10. InvestorPlace - Stock Market News, Stock Advice & Trading Tips When it reports on Tuesday, Delta Air Lines (NYSE: DAL ) will probably beat its earnings estimates because it has already marked them down. Analysts now expect Delta to beat that slightly, earning $1.31 per share on revenue of $10.83 billion.
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6752.0
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2019-01-14 00:00:00 UTC
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Should Value Investors Pick American Airlines Group (AAL) Stock?
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AAL
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https://www.nasdaq.com/articles/should-value-investors-pick-american-airlines-group-aal-stock-2019-01-14
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nan
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Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let's put American Airlines Group Inc.AAL stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:
PE Ratio
A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar o f earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock's current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.
On this front, American Airlines Group has a trailing twelve months PE ratio of 7.1, as you can see in the chart below:
This level actually compares pretty favorably with the market at large, as the PE for the S&P 500 compares in at about 16.9. If we focus on the stock's long-term PE trend, the current level puts American Airlines Group's current PE ratio slightly below its midpoint (which is 7.4) over the past three years.
We should also point out that American Airlines Group has a forward PE ratio (price relative to this year's earnings) of just 5.5, so it is fair to say that a slightly more value-oriented path may be ahead for American Airlines Group's stock in the near term too.
P/S Ratio
Another key metric to note is the Price/Sales ratio. This approach compares a given stock's price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.
Right now, American Airlines Group has a P/S ratio of about 0.3. This is significantly lower than the S&P 500 average, which comes in at 3.0 right now. Also, as we can see in the chart below, this is somewhat below the highs for this stock in particular over the past few years.
If anything, this suggests some level of undervalued trading-at least compared to historical norms.
Broad Value Outlook
In aggregate, American Airlines Group currently has a Value Style Score of A, putting it into the top 20% of all stocks we cover from this look. This makes AAL a solid choice for value investors, and some of its other key metrics make this pretty clear too.
For example, the P/CF ratio (another great indicator of value) comes in at 3.5, which is slightly better than the industry average of 5.4. Clearly, AAL is a solid choice on the value front from multiple angles.
What About the Stock Overall?
Though American Airlines Group might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of F and a Momentum score of A. This gives AAL a VGM score-or its overarching fundamental grade-of B. (You can read more about the Zacks Style Scores here >> )
Meanwhile, the company's recen t earnings estimates have been encouraging. The current quarter has seen two estimates go higher in the past sixty days and two lower, while the full-year 2019 estimate has seen six upward and no downward revisions in the same time period.
This has had a noticeable impact on the consensus estimate, as the current quarter consensus estimate has nudged up about 1.9% in the past two months, while the full-year 2019 estimate has risen nearly 9.3%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
American Airlines Group Inc. Price and Consensus
American Airlines Group Inc. Price and Consensus | American Airlines Group Inc. Quote
This favorable trend is why the stock has just a Zacks Rank #2 (Buy) and why we are looking for better performance from the company in the near term.
Bottom Line
American Airlines Group is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. Boasting a good industry rank (top 14% out of more than 250 industries) and a strong Zacks Rank, the company deserves attention right now. However, over the past one year, the sector has clearly underperformed the broader market, as you can see below:
So, value investors might want to wait for industry trends to turn favorable in this name first, but once that happens, this stock could be a compelling pick.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Let's put American Airlines Group Inc.AAL stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This makes AAL a solid choice for value investors, and some of its other key metrics make this pretty clear too. Clearly, AAL is a solid choice on the value front from multiple angles.
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Let's put American Airlines Group Inc.AAL stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This makes AAL a solid choice for value investors, and some of its other key metrics make this pretty clear too. Clearly, AAL is a solid choice on the value front from multiple angles.
|
Let's put American Airlines Group Inc.AAL stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This makes AAL a solid choice for value investors, and some of its other key metrics make this pretty clear too. Clearly, AAL is a solid choice on the value front from multiple angles.
|
Let's put American Airlines Group Inc.AAL stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This makes AAL a solid choice for value investors, and some of its other key metrics make this pretty clear too. Clearly, AAL is a solid choice on the value front from multiple angles.
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6753.0
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2019-01-14 00:00:00 UTC
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Top Ranked Value Stocks to Buy for January 14th
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AAL
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https://www.nasdaq.com/articles/top-ranked-value-stocks-to-buy-for-january-14th-2019-01-14
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nan
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nan
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Here are four stocks with buy rank and strong value characteristics for investors to consider today, January 14th :
Aegon NV (AEG): This asset management services provider has a Zacks Rank #1 (Strong Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 3.5% over the last 60 days.
Aegon NV Price and Consensus
Aegon NV price-consensus-chart | Aegon NV Quote
Aegon has a price-to-earnings ratio (P/E) of 5.61, compared with 16.60 for the industry. The company possesses a Value Score of A.
Aegon NV PE Ratio (TTM)
Aegon NV pe-ratio-ttm | Aegon NV Quote
Aercap Holdings N.V. (AER): This aircraft leading company has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 0.1% over the last 60 days.
Aercap Holdings N.V. Price and Consensus
Aercap Holdings N.V. price-consensus-chart | Aercap Holdings N.V. Quote
Aercap has a price-to-earnings ratio (P/E) of 6.90, compared with 7.40 for the industry. The company possesses a Value Score of A.
Aercap Holdings N.V. PE Ratio (TTM)
Aercap Holdings N.V. pe-ratio-ttm | Aercap Holdings N.V. Quote
American Airlines Group Inc. (AAL): This network air carrier has a Zacks Rank #2, and seen the Zacks Consensus Estimate for its current year earnings rising 9.3% over the last 60 days.
American Airlines Group Inc. Price and Consensus
American Airlines Group Inc. price-consensus-chart | American Airlines Group Inc. Quote
American Airlines has a price-to-earnings ratio (P/E) of 5.54, compared with 10.90 for the industry. The company possesses a Value Score of A.
American Airlines Group Inc. PE Ratio (TTM)
American Airlines Group Inc. pe-ratio-ttm | American Airlines Group Inc. Quote
Allegiant Travel Company (ALGT): This leisure travel company has a Zacks Rank #2, and seen the Zacks Consensus Estimate for its current year earnings rising 5.5% over the last 60 days.
Allegiant Travel Company Price and Consensus
Allegiant Travel Company price-consensus-chart | Allegiant Travel Company Quote
Allegiant Travel has a price-to-earnings ratio (P/E) of 9.88, compared with 10.90 for the industry. The company possesses a Value Score of A.
Allegiant Travel Company PE Ratio (TTM)
Allegiant Travel Company pe-ratio-ttm | Allegiant Travel Company Quote
See the full list of top ranked stocks here
Learn more about the Value score and how it is calculated here .
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company possesses a Value Score of A. Aercap Holdings N.V. PE Ratio (TTM) Aercap Holdings N.V. pe-ratio-ttm | Aercap Holdings N.V. Quote American Airlines Group Inc. (AAL): This network air carrier has a Zacks Rank #2, and seen the Zacks Consensus Estimate for its current year earnings rising 9.3% over the last 60 days. Here are four stocks with buy rank and strong value characteristics for investors to consider today, January 14th : Aegon NV (AEG): This asset management services provider has a Zacks Rank #1 (Strong Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 3.5% over the last 60 days. The company possesses a Value Score of A. Aegon NV PE Ratio (TTM) Aegon NV pe-ratio-ttm | Aegon NV Quote Aercap Holdings N.V. (AER): This aircraft leading company has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 0.1% over the last 60 days.
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The company possesses a Value Score of A. Aercap Holdings N.V. PE Ratio (TTM) Aercap Holdings N.V. pe-ratio-ttm | Aercap Holdings N.V. Quote American Airlines Group Inc. (AAL): This network air carrier has a Zacks Rank #2, and seen the Zacks Consensus Estimate for its current year earnings rising 9.3% over the last 60 days. The company possesses a Value Score of A. American Airlines Group Inc. PE Ratio (TTM) American Airlines Group Inc. pe-ratio-ttm | American Airlines Group Inc. Quote Allegiant Travel Company (ALGT): This leisure travel company has a Zacks Rank #2, and seen the Zacks Consensus Estimate for its current year earnings rising 5.5% over the last 60 days. The company possesses a Value Score of A. Allegiant Travel Company PE Ratio (TTM) Allegiant Travel Company pe-ratio-ttm | Allegiant Travel Company Quote See the full list of top ranked stocks here Learn more about the Value score and how it is calculated here .
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The company possesses a Value Score of A. Aercap Holdings N.V. PE Ratio (TTM) Aercap Holdings N.V. pe-ratio-ttm | Aercap Holdings N.V. Quote American Airlines Group Inc. (AAL): This network air carrier has a Zacks Rank #2, and seen the Zacks Consensus Estimate for its current year earnings rising 9.3% over the last 60 days. The company possesses a Value Score of A. Aegon NV PE Ratio (TTM) Aegon NV pe-ratio-ttm | Aegon NV Quote Aercap Holdings N.V. (AER): This aircraft leading company has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 0.1% over the last 60 days. The company possesses a Value Score of A. American Airlines Group Inc. PE Ratio (TTM) American Airlines Group Inc. pe-ratio-ttm | American Airlines Group Inc. Quote Allegiant Travel Company (ALGT): This leisure travel company has a Zacks Rank #2, and seen the Zacks Consensus Estimate for its current year earnings rising 5.5% over the last 60 days.
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The company possesses a Value Score of A. Aercap Holdings N.V. PE Ratio (TTM) Aercap Holdings N.V. pe-ratio-ttm | Aercap Holdings N.V. Quote American Airlines Group Inc. (AAL): This network air carrier has a Zacks Rank #2, and seen the Zacks Consensus Estimate for its current year earnings rising 9.3% over the last 60 days. Here are four stocks with buy rank and strong value characteristics for investors to consider today, January 14th : Aegon NV (AEG): This asset management services provider has a Zacks Rank #1 (Strong Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 3.5% over the last 60 days. The company possesses a Value Score of A. Aegon NV PE Ratio (TTM) Aegon NV pe-ratio-ttm | Aegon NV Quote Aercap Holdings N.V. (AER): This aircraft leading company has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 0.1% over the last 60 days.
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6754.0
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2019-01-14 00:00:00 UTC
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U.S. government shutdown holds up FAA approval of aircraft, routes
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AAL
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https://www.nasdaq.com/articles/us-government-shutdown-holds-faa-approval-aircraft-routes-2019-01-14
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nan
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nan
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By Tracy Rucinski and Allison Lampert
Jan 14 () - Federal Aviation Administration (FAA) approval of aircraft such as Boeing's MAX and new routes like Southwest Airline Co'sHawaii launch are on hold due to the U.S. government shutdown, delaying commercial operations.
A partial U.S. government shutdown over President Donald Trump's demand for $5.7 billion to build a wall along the U.S.-Mexico border entered its 24th day on Monday.
"Our focus is to maintain our system's high level of safety for existing operations and aircraft fleet," FAA spokesman Greg Martin said.
This means that U.S. airlines' ability to launch new routes and integrate newly delivered airplanes into their fleets and place them into service are affected, since each new aircraft must be signed off by local inspection offices.
Southwest Airlines said on Monday it had paused its plans to launch service to Hawaii because the FAA groups that oversee the route authorization process are on furlough.
Until it receives authorization, Dallas-based Southwest will not announce timelines for selling or operating flights to Hawaii, initially targeted for early this year, it said.
No. 1 U.S. carrier American Airlines Group Inc said it has taken delivery of two new MAX 8, but the planes are sitting idle, awaiting FAA approvals. American, with a fleet of around 950 aircraft, said it did not see any immediate impact from the delay.
A spokesman for United Airlines said the No. 3 U.S. carrier is waiting for FAA service to be restored so it can enter one 737 MAX 9 and one used Airbus A319 into service.
Europe's Airbus, which recently took over the Canadian-developed Bombardier CSeries jet and renamed it A220, declined comment on potential delays in deliveries of the airplane to Delta Air Lines.
Delta, which has taken delivery of four A220-100 jets, said by email it will work with the FAA to ensure the plane is "fully certified," and remains on schedule to begin flights on Jan. 31.
Analysts said they did not expect a major impact on large airlines' capacity as a result of the FAA delays, but will be awaiting management comments about the effect of a prolonged shutdown.
The shutdown is also affecting the certification program for business jet maker Gulfstream Aerospace's new G600 corporate plane, along with other "facets of our business," a company spokeswoman said on Monday without providing further details.
Savannah-based Gulfstream, a division of General Dynamics Corp. had expected to obtain certification or approval for the G600 by late 2018. The long-range business jet, which can fly nonstop from London to Los Angeles, is expected to enter service this year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski and Allison Lampert Jan 14 () - Federal Aviation Administration (FAA) approval of aircraft such as Boeing's MAX and new routes like Southwest Airline Co'sHawaii launch are on hold due to the U.S. government shutdown, delaying commercial operations. This means that U.S. airlines' ability to launch new routes and integrate newly delivered airplanes into their fleets and place them into service are affected, since each new aircraft must be signed off by local inspection offices. Europe's Airbus, which recently took over the Canadian-developed Bombardier CSeries jet and renamed it A220, declined comment on potential delays in deliveries of the airplane to Delta Air Lines.
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By Tracy Rucinski and Allison Lampert Jan 14 () - Federal Aviation Administration (FAA) approval of aircraft such as Boeing's MAX and new routes like Southwest Airline Co'sHawaii launch are on hold due to the U.S. government shutdown, delaying commercial operations. "Our focus is to maintain our system's high level of safety for existing operations and aircraft fleet," FAA spokesman Greg Martin said. 1 U.S. carrier American Airlines Group Inc said it has taken delivery of two new MAX 8, but the planes are sitting idle, awaiting FAA approvals.
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By Tracy Rucinski and Allison Lampert Jan 14 () - Federal Aviation Administration (FAA) approval of aircraft such as Boeing's MAX and new routes like Southwest Airline Co'sHawaii launch are on hold due to the U.S. government shutdown, delaying commercial operations. Southwest Airlines said on Monday it had paused its plans to launch service to Hawaii because the FAA groups that oversee the route authorization process are on furlough. Analysts said they did not expect a major impact on large airlines' capacity as a result of the FAA delays, but will be awaiting management comments about the effect of a prolonged shutdown.
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Southwest Airlines said on Monday it had paused its plans to launch service to Hawaii because the FAA groups that oversee the route authorization process are on furlough. 1 U.S. carrier American Airlines Group Inc said it has taken delivery of two new MAX 8, but the planes are sitting idle, awaiting FAA approvals. American, with a fleet of around 950 aircraft, said it did not see any immediate impact from the delay.
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6755.0
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2019-01-11 00:00:00 UTC
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CPI Numbers In-Line, Q4 Earnings Ramp Up Next Week
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AAL
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https://www.nasdaq.com/articles/cpi-numbers-line-q4-earnings-ramp-next-week-2019-01-11
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nan
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nan
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Friday, January 11, 2019
Pre-market futures this morning are down again, although when we've woken up to red indexes ahead of the opening bell in past days this week, we've managed to finish in the green each time. The markets are currently riding a 5-day winning streak, as astutely pointed out by Zacks Exec VP Kevin Matras this morning, and you can read his account here: Winning Streak at Day 5, Could It Be 6?
It's quite the run, frankly, considering the lack of major economic data this week, a downturn in retail sales expectations when Q4 earnings are reported, and the partial government shutdown now three full weeks old with no light yet at the end of the tunnel. We'll see a heavier rate of Q4 earnings reports hit the tape starting early next week, including the all-important big banks, including JPMorgan JPM , Citigroup C was and Wells Fargo WFC . For an analysis on what to expect from this sector, check out Tracey Ryniec's latest Earnings All-Starts presentation: 5 Big-Bank Charts to Start Off Earnings Season
I say lack of economic data, but we do see one importan t report this morning: Consumer Price Index (CPI) for December. Headline reads were in-line with analyst estimates, with -0.1% matching projections and no revision to the previous month's 0.0%. The ex-food & energy (core) reached +0.2%, also in-line with expectations. Year over year, we see +1.9% on the headline and +2.2% core - again, results as expected.
Where we get into some modest surprises in on things like December earnings, which rose 1.2% weekly and 1.1% hourly - notably better than the +0.6% weekly in November and +0.8% hourly. We also saw a 7 1/2% drop in gas prices last month, although we expect this to evaporate on future reads based on oil prices having gained over the past couple weeks. Softness in airline fares - down 2.4% in November and -1.5% in December - speak to lowered guidance from companies like American Airlines AAL . Commodities overall were down 0.7% last month, and prescription drugs -0.4%.
We don't expect any market depression based on these figures, and we certainly don't see a noteworthy increase in the rate of inflation. If anything, we can take away that tariffs have not (yet) come home to roost domestically, which is good news. The longer our economy can absorb these challenges without seeing a spike in data points, the better.
Mark Vickery
Senior Editor
Questions or comments about this article and/or its author? Click here>>
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
JPMorgan Chase & Co. (JPM): Free Stock Analysis Report
Citigroup Inc. (C): Free Stock Analysis Report
Wells Fargo & Company (WFC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Softness in airline fares - down 2.4% in November and -1.5% in December - speak to lowered guidance from companies like American Airlines AAL . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. Friday, January 11, 2019 Pre-market futures this morning are down again, although when we've woken up to red indexes ahead of the opening bell in past days this week, we've managed to finish in the green each time.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. Softness in airline fares - down 2.4% in November and -1.5% in December - speak to lowered guidance from companies like American Airlines AAL . Zacks Investment Research Want the latest recommendations from Zacks Investment Research?
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. Softness in airline fares - down 2.4% in November and -1.5% in December - speak to lowered guidance from companies like American Airlines AAL . It's quite the run, frankly, considering the lack of major economic data this week, a downturn in retail sales expectations when Q4 earnings are reported, and the partial government shutdown now three full weeks old with no light yet at the end of the tunnel.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. Softness in airline fares - down 2.4% in November and -1.5% in December - speak to lowered guidance from companies like American Airlines AAL . Year over year, we see +1.9% on the headline and +2.2% core - again, results as expected.
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6756.0
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2019-01-11 00:00:00 UTC
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Major Banks to Release Q4 Earnings Next Week
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AAL
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https://www.nasdaq.com/articles/major-banks-to-release-q4-earnings-next-week-2019-01-11
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nan
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nan
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Pre-market futures this morning are down again, although when we've woken up to red indexes ahead of the opening bell in past days this week, we've managed to finish in the green each time. The markets are currently riding a 5-day winning streak, as astutely pointed out by Zacks Exec VP Kevin Matras this morning.
It's quite the run, frankly, considering the lack of major economic data this week, a downturn in retail sales expectations when Q4 earnings are reported, and the partial government shutdown now three full weeks old with no light yet at the end of the tunnel. We'll see a heavier rate of Q4 earnings reports hit the tape starting early next week, including the all-important big banks, including JPMorgan JPM , Citigroup C was and Wells Fargo WFC . For an analysis on what to expect from this sector, check out Tracey Ryniec's latest Earnings All-Starts presentation.
I say lack of economic data, but we do see one importan t report this morning: Consumer Price Index (CPI) for December. Headline reads were in-line with analyst estimates, with -0.1% matching projections and no revision to the previous month's 0.0%. The ex-food & energy (core) reached +0.2%, also in-line with expectations. Year over year, we see +1.9% on the headline and +2.2% core - again, results as expected.
Where we get into some modest surprises in on things like December earnings, which rose 1.2% weekly and 1.1% hourly - notably better than the +0.6% weekly in November and +0.8% hourly. We also saw a 7 1/2% drop in gas prices last month, although we expect this to evaporate on future reads based on oil prices having gained over the past couple weeks. Softness in airline fares - down 2.4% in November and -1.5% in December - speak to lowered guidance from companies like American Airlines AAL . Commodities overall were down 0.7% last month, and prescription drugs -0.4%.
We don't expect any market depression based on these figures, and we certainly don't see a noteworthy increase in the rate of inflation. If anything, we can take away that tariffs have not (yet) come home to roost domestically, which is good news. The longer our economy can absorb these challenges without seeing a spike in data points, the better.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Wells Fargo & Company (WFC): Free Stock Analysis Report
JPMorgan Chase & Co. (JPM): Free Stock Analysis Report
Citigroup Inc. (C): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Softness in airline fares - down 2.4% in November and -1.5% in December - speak to lowered guidance from companies like American Airlines AAL . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis Report To read this article on Zacks.com click here. Pre-market futures this morning are down again, although when we've woken up to red indexes ahead of the opening bell in past days this week, we've managed to finish in the green each time.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis Report To read this article on Zacks.com click here. Softness in airline fares - down 2.4% in November and -1.5% in December - speak to lowered guidance from companies like American Airlines AAL . We'll see a heavier rate of Q4 earnings reports hit the tape starting early next week, including the all-important big banks, including JPMorgan JPM , Citigroup C was and Wells Fargo WFC .
|
Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis Report To read this article on Zacks.com click here. Softness in airline fares - down 2.4% in November and -1.5% in December - speak to lowered guidance from companies like American Airlines AAL . It's quite the run, frankly, considering the lack of major economic data this week, a downturn in retail sales expectations when Q4 earnings are reported, and the partial government shutdown now three full weeks old with no light yet at the end of the tunnel.
|
Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis Report To read this article on Zacks.com click here. Softness in airline fares - down 2.4% in November and -1.5% in December - speak to lowered guidance from companies like American Airlines AAL . Pre-market futures this morning are down again, although when we've woken up to red indexes ahead of the opening bell in past days this week, we've managed to finish in the green each time.
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6757.0
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2019-01-11 00:00:00 UTC
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Stock Market News For Jan 11, 2019
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AAL
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https://www.nasdaq.com/articles/stock-market-news-for-jan-11-2019-2019-01-11
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nan
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nan
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The bull-run for the U.S. stocks continued for the fifth straight day on Thursday buoyed by Fed Chairman Jerome Powell's statement that the central bank will maintain patience regarding future rate hikes. Meanwhile, partial government shutdown remained a concern. All three major stock indexes ended in the green.
The Dow Jones Industrial Average (DJI) closed at 24,001.92, gaining 0.5% or 122.80 points. The S&P 500 Index (INX) also rose 0.5% to close at 2,596.64. Meanwhile, the Nasdaq Composite Index (IXIC) closed at 6,986.07, climbing 0.4%. A total of 7.3 billion shares were traded on Thursday, lower than the last 20-session average of 8.9 billion shares. Advancers outnumbered decliners on the NYSE by 1.61-to-1 ratio. On the Nasdaq, advancers had an edge over decliners by 1.19-to-1 ratio. The CBOE VIX decreased 2.4% to close at 19.50.
How Did the Benchmarks Perform?
The Dow ended in positive territory for the fifth successive day. Notably, 20 components of the 30-stock blue-chip index finished in the green while the remaining ten closed in the red. The S&P 500 closed in positive territory for the fifth consecutive day. The Real Estate Select Sector SPDR (XLRE), Utilities Select Sector SPDR (XLU) and Industrials Select Sector SPDR (XLI) are major gainers with 1.6%, 1.4% and 1.4%, respectively. Notably, ten out of a total 11 sectors of the benchmark index closed in the green while one finished in the red.
The tech-heavy Nasdaq Composite also ended in the green after rallying for fifth straight days, due to strong performance by large-cap tech stocks. Shares of Netflix Inc. NFLX and Intel Corp. INTC surged 1.5% and 1.2%, respectively. Both stocks carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Fed Signals Dovish Monetary Stance
On Jan 10, at an Economic Club of Washington luncheon, the Fed Chairman Jerome Powell said that the central bank will maintain patience about future rate hikes and will remain flexible about changing policy variables if economic outlook takes a negative turn.
On Jan 9,the Fed released its FOMC minutes stating that the central bankcould be patient about future interest rate increases. Fed officials are "less clear" about their future course of action regarding hike in benchmark interest rate. Several Fed officials have argued that lack of inflationary pressure in the U.S. economy does not call for a tight monetary policy which may act as a hindrance for steady state growth of the economy.
Earlier on Jan 4, Fed Chairman Jerome Powell said that the central bank will adjust interest rate if it witnesses any sort of unexpected fluctuations in the U.S. economy. The Fed will also reconsider its balance sheet reduction policy in order to keep interest rates market friendly.
Partial Government Shutdown: a Concern
Ongoing partial government shutdown may now extend over a longer period. On Jan 10, President Donald Trump tweeted he will not be going to the World Economic Forum in Davos due to his standoff with Democrats over Mexican border wall funding.
On Jan 9, Trump tweeted that his meeting with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer related to ongoing partial government shutdown was "a total waste of time." The United States is facing partial government shutdown for last 18 days owing to disagreement between Trump and Democratic lawmakers over funding for a U.S.-Mexico border wall.
Some government employees are likely to miss their first paycheck this week as a result of this shutdown. However, the Internal Revenue Service has announced on Jan 7 that it will process income tax refunds even during the shutdown period.
Economic Data
Initial jobless claims declined by 17,000 to a seasonally adjusted 216,000 for the week ended Jan 5. The figure was lower than the consensus estimate of 226,000. The number of people already collecting unemployment benefits, known as continuing claims, dropped by 28,000 to 1.72 million.
Stocks That Made Headline
American Airlines Stock Falls on Bleak Q4 Guidance
Shares of American Airlines Group AAL tumbled on Jan 10 following a guidance revision for the fourth quarter of 2018. ( Read More )
PVH Corp Raises View, Reorganizes Calvin Klein Unit, Stock Up
PVH Corp. PVH has gained investors' confidence, with its shares rising as much as 5.9% in after-hours trading yesterday, following the company's raised adjusted profit forecast for the fourth quarter and fiscal 2018. ( Read More )
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Netflix, Inc. (NFLX): Free Stock Analysis Report
PVH Corp. (PVH): Free Stock Analysis Report
Intel Corporation (INTC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks That Made Headline American Airlines Stock Falls on Bleak Q4 Guidance Shares of American Airlines Group AAL tumbled on Jan 10 following a guidance revision for the fourth quarter of 2018. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Netflix, Inc. (NFLX): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. The bull-run for the U.S. stocks continued for the fifth straight day on Thursday buoyed by Fed Chairman Jerome Powell's statement that the central bank will maintain patience regarding future rate hikes.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Netflix, Inc. (NFLX): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Made Headline American Airlines Stock Falls on Bleak Q4 Guidance Shares of American Airlines Group AAL tumbled on Jan 10 following a guidance revision for the fourth quarter of 2018. The bull-run for the U.S. stocks continued for the fifth straight day on Thursday buoyed by Fed Chairman Jerome Powell's statement that the central bank will maintain patience regarding future rate hikes.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Netflix, Inc. (NFLX): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Made Headline American Airlines Stock Falls on Bleak Q4 Guidance Shares of American Airlines Group AAL tumbled on Jan 10 following a guidance revision for the fourth quarter of 2018. The bull-run for the U.S. stocks continued for the fifth straight day on Thursday buoyed by Fed Chairman Jerome Powell's statement that the central bank will maintain patience regarding future rate hikes.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Netflix, Inc. (NFLX): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Made Headline American Airlines Stock Falls on Bleak Q4 Guidance Shares of American Airlines Group AAL tumbled on Jan 10 following a guidance revision for the fourth quarter of 2018. A total of 7.3 billion shares were traded on Thursday, lower than the last 20-session average of 8.9 billion shares.
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6758.0
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2019-01-11 00:00:00 UTC
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Company News For Jan 11, 2019
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AAL
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https://www.nasdaq.com/articles/company-news-for-jan-11-2019-2019-01-11
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nan
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Macy's Inc. M shares plunged 17.7% after reducing 2018 comparable sales (owned Plus licensed) to an increase of 2% from prior guidance of an increase of 2.3-2.5% year over year
Shares of Bed Bath & Beyond Inc. BBBY jumped 16.6% after posting fiscal third quarter 2018 adjusted earnings per share of $0.18, beating the Zacks Consensus Estimate by one cent
Kohl's Corp.'s KSS shares declined 4.8% after the company reported that its Same-store sales for the November-to-December period rose 1.2% year over year, compared with 6.9% in the year ago period
Shares of American Airlines Group Inc. AAL plummeted 4.1% after the company reduced its 2018 profit guidance to $4.40-$4.60 from $4.50 -$5.00 given earlier
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report
Macy's, Inc. (M): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Macy's Inc. M shares plunged 17.7% after reducing 2018 comparable sales (owned Plus licensed) to an increase of 2% from prior guidance of an increase of 2.3-2.5% year over year Shares of Bed Bath & Beyond Inc. BBBY jumped 16.6% after posting fiscal third quarter 2018 adjusted earnings per share of $0.18, beating the Zacks Consensus Estimate by one cent Kohl's Corp.'s KSS shares declined 4.8% after the company reported that its Same-store sales for the November-to-December period rose 1.2% year over year, compared with 6.9% in the year ago period Shares of American Airlines Group Inc. AAL plummeted 4.1% after the company reduced its 2018 profit guidance to $4.40-$4.60 from $4.50 -$5.00 given earlier Want the latest recommendations from Zacks Investment Research? Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Macy's Inc. M shares plunged 17.7% after reducing 2018 comparable sales (owned Plus licensed) to an increase of 2% from prior guidance of an increase of 2.3-2.5% year over year Shares of Bed Bath & Beyond Inc. BBBY jumped 16.6% after posting fiscal third quarter 2018 adjusted earnings per share of $0.18, beating the Zacks Consensus Estimate by one cent Kohl's Corp.'s KSS shares declined 4.8% after the company reported that its Same-store sales for the November-to-December period rose 1.2% year over year, compared with 6.9% in the year ago period Shares of American Airlines Group Inc. AAL plummeted 4.1% after the company reduced its 2018 profit guidance to $4.40-$4.60 from $4.50 -$5.00 given earlier Want the latest recommendations from Zacks Investment Research? Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Macy's Inc. M shares plunged 17.7% after reducing 2018 comparable sales (owned Plus licensed) to an increase of 2% from prior guidance of an increase of 2.3-2.5% year over year Shares of Bed Bath & Beyond Inc. BBBY jumped 16.6% after posting fiscal third quarter 2018 adjusted earnings per share of $0.18, beating the Zacks Consensus Estimate by one cent Kohl's Corp.'s KSS shares declined 4.8% after the company reported that its Same-store sales for the November-to-December period rose 1.2% year over year, compared with 6.9% in the year ago period Shares of American Airlines Group Inc. AAL plummeted 4.1% after the company reduced its 2018 profit guidance to $4.40-$4.60 from $4.50 -$5.00 given earlier Want the latest recommendations from Zacks Investment Research? Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Macy's Inc. M shares plunged 17.7% after reducing 2018 comparable sales (owned Plus licensed) to an increase of 2% from prior guidance of an increase of 2.3-2.5% year over year Shares of Bed Bath & Beyond Inc. BBBY jumped 16.6% after posting fiscal third quarter 2018 adjusted earnings per share of $0.18, beating the Zacks Consensus Estimate by one cent Kohl's Corp.'s KSS shares declined 4.8% after the company reported that its Same-store sales for the November-to-December period rose 1.2% year over year, compared with 6.9% in the year ago period Shares of American Airlines Group Inc. AAL plummeted 4.1% after the company reduced its 2018 profit guidance to $4.40-$4.60 from $4.50 -$5.00 given earlier Want the latest recommendations from Zacks Investment Research? Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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6759.0
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2019-01-11 00:00:00 UTC
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Is the Options Market Predicting a Spike in American Airlines (AAL) Stock?
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AAL
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https://www.nasdaq.com/articles/is-the-options-market-predicting-a-spike-in-american-airlines-aal-stock-2019-01-11
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nan
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nan
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Investors in American Airlines Group Inc.AAL need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 18, 2019 $45.00 Put had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for American Airlines shares, but what is the fundamental picture for the company? Currently, American Airlines is a Zacks Rank #2 (Buy) in the Transportation - Airline industry that ranks in the Top 16% of our Zacks Industry Rank. Over the last 60 days, four analysts have increased their earnings estimates for the current quarter, while no analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 98 cents per share to $1.08 per share in that period.
Given the way analysts feel about American Airlines right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
Each week, our very own Dave Bartosiak gives his top options trades. Check out his recent live analysis and options trade for the NFLX earnings report completely free. See it here: Bartosiak: Trading Netflix's (NFLX) Earnings with Options or check out the embedded video below for more details:
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors in American Airlines Group Inc.AAL need to pay close attention to the stock based on moves in the options market lately. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Investors in American Airlines Group Inc.AAL need to pay close attention to the stock based on moves in the options market lately. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Investors in American Airlines Group Inc.AAL need to pay close attention to the stock based on moves in the options market lately. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Investors in American Airlines Group Inc.AAL need to pay close attention to the stock based on moves in the options market lately. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
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6760.0
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2019-01-11 00:00:00 UTC
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American Airlines (AAL) Stock Falls on Bleak Q4 Guidance
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-stock-falls-on-bleak-q4-guidance-2019-01-11
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nan
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nan
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Shares of American Airlines GroupAAL tumbled on Jan 10 following a guidance revision for the fourth quarter of 2018. Detailed results will be unveiled by the company on Jan 24. In the last trading session, the stock closed at $32.04, down 4.1% from Jan 9's closing price.
What is even worse is that the damage was not limited to American Airlines alone. Other key sector participants like United Continental Holdings UAL and Southwest Airlines LUV also felt the heat and declined yesterday.
What Did American Airlines Say?
American Airlines announced the damaging forecast at an Investor Update. Citing lower-than-expected year-over-year improvements in the domestic market, the airline behemoth revised its outlook for fourth-quarter 2018 total revenue per available seat mile (TRASM: a key measure of unit revenues), which compares unfavorably with the previous projection. This minutely watched metric is anticipated to inch up approximately 1.5% in the final quarter of 2018, which is at the lower end of the earlier expected 1.5-3.5% range.
However, with oil prices on a downtrend, this Zacks Rank #2 (Buy) carrier cut its fourth-quarter forecast for average fuel prices per gallon. The metric (inclusive of taxes) is now assumed between $2.22 and $2.27 (past view: $2.30-$2.35). The company continues to predict non-fuel unit costs between -1% and +1% (year over year). Additionally, American Airlines still envisions fourth-quarter adjusted pre-tax income in the band of 4.5-6.5%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Adding to the woes, this Fort Worth, TX-based carrier trimmed its earnings per share guidance for 2018. The metric is anticipated to be between $4.40 and $4.60, which again lags its former view of $4.50-$5 per share. The Zacks Consensus Estimate for 2018 earnings is pegged at $4.57 per share.
American Airlines Group Inc. Price
American Airlines Group Inc. Price | American Airlines Group Inc. Quote
We note that American Airlines is the second major U.S. carrier to issue a downbeat TRASM outlook for the fourth quarter. Earlier in January, Delta Air Lines DAL slashed its projection with respect to unit revenues (read more: Delta Stock Plummets on Q4 Unit Revenue View Cut ).
Successive bearish views provided by two airline heavyweights hint at turbulence for airline players in the final quarter of 2018. Fourth-quarter 2018 earnings season for airlines will kick off with Delta Air Lines reporting on Jan15 before market open.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of American Airlines GroupAAL tumbled on Jan 10 following a guidance revision for the fourth quarter of 2018. Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Other key sector participants like United Continental Holdings UAL and Southwest Airlines LUV also felt the heat and declined yesterday.
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of American Airlines GroupAAL tumbled on Jan 10 following a guidance revision for the fourth quarter of 2018. American Airlines Group Inc. Price American Airlines Group Inc. Price | American Airlines Group Inc. Quote We note that American Airlines is the second major U.S. carrier to issue a downbeat TRASM outlook for the fourth quarter.
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of American Airlines GroupAAL tumbled on Jan 10 following a guidance revision for the fourth quarter of 2018. American Airlines Group Inc. Price American Airlines Group Inc. Price | American Airlines Group Inc. Quote We note that American Airlines is the second major U.S. carrier to issue a downbeat TRASM outlook for the fourth quarter.
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of American Airlines GroupAAL tumbled on Jan 10 following a guidance revision for the fourth quarter of 2018. The metric is anticipated to be between $4.40 and $4.60, which again lags its former view of $4.50-$5 per share.
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6761.0
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2019-01-11 00:00:00 UTC
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Why Many Airline Stocks Crashed in December
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AAL
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https://www.nasdaq.com/articles/why-many-airline-stocks-crashed-december-2019-01-11
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nan
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What happened
Lots of airline operators saw their share prices plunging in December of 2018. According to data from S&P Global Market Intelligence , household names American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) took haircuts of 20% and 17.8%, respectively. Regional airline Hawaiian Holdings (NASDAQ: HA) stalled even harder, ending the month 34.2% below the prices seen at the end of November.
So what
The sectorwide slide started in the first week of December, when each airline reported passenger data for the previous month and e-commerce giant Amazon.com (NASDAQ: AMZN) launched its own air delivery system .
Amazon's fleet of 40 cargo planes may not look like much of a threat to the likes of Delta and American Airlines at first glance, since the online retailer is unlikely to start transporting passengers anytime soon. But American reported $260 million in third-quarter cargo service revenues, and Delta's cargo sales stopped at $226 million in the same period. These are among each airline's fastest-growing operations, with solid operating margins to boot, so any threat to the cargo business is seen as a roadblock for an important growth opportunity.
On top of that, Hawaiian Holdings posted a disappointing slate of November passenger data that week. In particular, Hawaiian Airlines saw revenue per available seat mile (RASM) falling roughly 4% year over year. Guidance for the period had targeted a 1% drop. Hawaiian is wrestling a surge of new competitors launching services to the islands of Hawaii.
Now what
And of course, none of the airlines enjoyed the gloomy economic conditions of last month. The S&P 500 benchmark fell 9.2% in December, setting the stage for some steeper drops in turbulent sectors like this one.
All of these stocks are trading at bargain-bin discount prices. Shares of Delta and American can be purchased for less than 10 times each company's trailing earnings, while Hawaiian Holdings' stock stands at a lowly 4.6 times earnings. Don't back up the truck to this ostensible buying opportunity, though. Low valuation ratios are common in the airline sector, and bankruptcies are not rare . Amazon's entry into the cargo shipments market may bring some real pain, too.
These stocks are cheap for a reason, and I wouldn't bet the farm on a big bounce from these low prices.
10 stocks we like better than Delta Air Lines
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 quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Delta Air Lines wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of November 14, 2018
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Anders Bylund owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon. The Motley Fool owns shares of Delta Air Lines. The Motley Fool recommends Hawaiian Holdings. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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According to data from S&P Global Market Intelligence , household names American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) took haircuts of 20% and 17.8%, respectively. So what The sectorwide slide started in the first week of December, when each airline reported passenger data for the previous month and e-commerce giant Amazon.com (NASDAQ: AMZN) launched its own air delivery system . *Stock Advisor returns as of November 14, 2018 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
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According to data from S&P Global Market Intelligence , household names American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) took haircuts of 20% and 17.8%, respectively. So what The sectorwide slide started in the first week of December, when each airline reported passenger data for the previous month and e-commerce giant Amazon.com (NASDAQ: AMZN) launched its own air delivery system . But American reported $260 million in third-quarter cargo service revenues, and Delta's cargo sales stopped at $226 million in the same period.
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According to data from S&P Global Market Intelligence , household names American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) took haircuts of 20% and 17.8%, respectively. Shares of Delta and American can be purchased for less than 10 times each company's trailing earnings, while Hawaiian Holdings' stock stands at a lowly 4.6 times earnings. 10 stocks we like better than Delta Air Lines When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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According to data from S&P Global Market Intelligence , household names American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) took haircuts of 20% and 17.8%, respectively. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Delta Air Lines wasn't one of them! The Motley Fool owns shares of Delta Air Lines.
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6762.0
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2019-01-11 00:00:00 UTC
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American Airlines (AAL) Dips More Than Broader Markets: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-dips-more-than-broader-markets%3A-what-you-should-know-2019-01-11
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nan
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nan
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American Airlines (AAL) closed the most recent trading day at $31.80, moving -0.75% from the previous trading session. This move lagged the S&P 500's daily loss of 0.02%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.21%.
Coming into today, shares of the world's largest airline had lost 1.29% in the past month. In that same time, the Transportation sector lost 2.57%, while the S&P 500 lost 1.4%.
Investors will be hoping for strength from AAL as it approaches its nex t earnings release, which is expected to be January 24, 2019. In tha t report , analysts expect AAL to post earnings of $1.07 per share. This would mark year-over-year growth of 12.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.06 billion, up 4.34% from the year-ago period.
It is also important to note the recent changes to analyst estimates for AAL. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.85% higher. AAL is currently a Zacks Rank #2 (Buy).
Investors should also note AAL's current valuation metrics, including its Forward P/E ratio of 5.66. This valuation marks a discount compared to its industry's average Forward P/E of 9.99.
Investors should also note that AAL has a PEG ratio of 0.74 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Transportation - Airline industry currently had an average PEG ratio of 0.44 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors will be hoping for strength from AAL as it approaches its nex t earnings release, which is expected to be January 24, 2019. American Airlines (AAL) closed the most recent trading day at $31.80, moving -0.75% from the previous trading session. In tha t report , analysts expect AAL to post earnings of $1.07 per share.
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American Airlines (AAL) closed the most recent trading day at $31.80, moving -0.75% from the previous trading session. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Investors will be hoping for strength from AAL as it approaches its nex t earnings release, which is expected to be January 24, 2019.
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American Airlines (AAL) closed the most recent trading day at $31.80, moving -0.75% from the previous trading session. Investors will be hoping for strength from AAL as it approaches its nex t earnings release, which is expected to be January 24, 2019. In tha t report , analysts expect AAL to post earnings of $1.07 per share.
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American Airlines (AAL) closed the most recent trading day at $31.80, moving -0.75% from the previous trading session. AAL is currently a Zacks Rank #2 (Buy). Investors will be hoping for strength from AAL as it approaches its nex t earnings release, which is expected to be January 24, 2019.
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6763.0
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2019-01-10 00:00:00 UTC
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US STOCKS-Wall St heads for lower open as trade talks, retailers disappoint
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-heads-lower-open-trade-talks-retailers-disappoint-2019-01-10
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nan
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nan
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(Corrects to say Macy's cut its forecast for the full year, notthe holiday quarter in paragraph 6)
* Retail stocks hit by Kohls, Macy's disappointing holidaynumbers
* Airline stocks fall after American Airlines' forecast cut
* Powell set to speak at noon
* Futures down: Dow 0.34 pct, S&P 0.50 pct, Nasdaq 0.61 pct
By Sruthi Shankar
Jan 10 (Reuters) - U.S. stocks were set to open lower onThursday after a solid four-day rally, as lack of details onU.S.-China trade talks and disappointing holiday-season reportsfrom retailers weighed on the mood.
Beijing said the talks with Washington were extensive andhelped establish a foundation for resolution, but gave nodetails at the end of their three-day meeting aimed at resolvinga tariff dispute that has battered financial markets. urn:newsml:reuters.com:*:nL3N1ZA03L
Oil prices also edged lower on lack of any clear resolutionfrom the talks, while weak factory-gate inflation data fromChina and worse-than-expected industrial figures in Francerekindled worries about global growth. urn:newsml:reuters.com:*:nP6N1YH017
"Right now, the market is down given there is a lack ofpositive news and the fact that nothing clear came out (of tradetalks) doesn't necessarily help," said Andre Bakhos, managingdirector at New Vines Capital LLC in Bernardsville, New Jersey.
"Investors are thinking if they want a risk-on ahead ofearnings season."
Shares of Kohl's CorpKSS.N fell 9.1 percent in premarkettrading after reporting anemic comparable sales growth duringthe final two months of 2018, and Macy's IncM.N slumped 18.5percent after cutting same-store sales forecast for the year. urn:newsml:reuters.com:*:nL3N1ZA3O6
Target CorpTGT.N dropped 3.7 percent as it maintainedfull-year earnings forecast. Nordstrom IncJWN.N declined 8.7percent, while Walmart IncWMT.N was off 1.5 percent.
Technology stocks that had led the recent surge were alsolower. Apple IncAAPL.O and Microsoft CorpMSFT.O shed 0.8percent, while Amazon.com IncAMZN.O declined 0.8 percent.
At 8:45 a.m. ET, Dow e-minis 1YMc1 were down 80 points, or0.34 percent. S&P 500 e-minis ESc1 were down 13 points, or0.50 percent and Nasdaq 100 e-minis NQc1 were down 40.5points, or 0.61 percent.
The retreat came after the S&P 500's .SPX four-day rally,its longest in nearly four months, took the benchmark index morethan 10 percent above the 20-month lows hit around Christmas.
Those gains were on hopes of a trade deal, strong U.S. jobsdata and recent indications that the U.S. Federal Reserve is inno rush to raise interest rates.
Minutes from the Fed's most recent meeting, released onWednesday, showed policymakers want to be patient. Investorswill tune into Fed Chair Jerome Powell's speech before theEconomic Club of Washington to see if the same tone continues.
American Airlines Group IncAAL.O fell 7.7 percent afterthe No.1 U.S. airline cut its forecast for fourth-quarter growthin unit revenue, a closely watched performance metric. Thatweighed on other airlines as well. urn:newsml:reuters.com:*:nL3N1Z434C
Among the bright spots, Ford F.N rose 0.3 percent afterannouncing thousands of job cuts, plans to exit unprofitablemarkets and discontinue loss-making vehicle lines as part of aturnaround effort in Europe. urn:newsml:reuters.com:*:nL8N1ZA2NE
One retailer trading higher was Bed Bath & Beyond IncBBBY.O , which jumped 10.7 percent after the home furnishingcompany reported a better-than-expected quarterly profit andgave upbeat earnings forecast. urn:newsml:reuters.com:*:nL3N1Z95AZ (Reporting by Sruthi Shankar in Bengaluru; Editing by ShounakDasgupta) ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 2238780; outside U.S. +91 80 6749 6328; Reuters Messaging:sruthi.shankar.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group IncAAL.O fell 7.7 percent afterthe No.1 U.S. airline cut its forecast for fourth-quarter growthin unit revenue, a closely watched performance metric. Beijing said the talks with Washington were extensive andhelped establish a foundation for resolution, but gave nodetails at the end of their three-day meeting aimed at resolvinga tariff dispute that has battered financial markets. urn:newsml:reuters.com:*:nL3N1ZA03L Oil prices also edged lower on lack of any clear resolutionfrom the talks, while weak factory-gate inflation data fromChina and worse-than-expected industrial figures in Francerekindled worries about global growth.
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American Airlines Group IncAAL.O fell 7.7 percent afterthe No.1 U.S. airline cut its forecast for fourth-quarter growthin unit revenue, a closely watched performance metric. (Corrects to say Macy's cut its forecast for the full year, notthe holiday quarter in paragraph 6) * Retail stocks hit by Kohls, Macy's disappointing holidaynumbers * Airline stocks fall after American Airlines' forecast cut * Powell set to speak at noon * Futures down: Dow 0.34 pct, S&P 0.50 pct, Nasdaq 0.61 pct By Sruthi Shankar Jan 10 (Reuters) - U.S. stocks were set to open lower onThursday after a solid four-day rally, as lack of details onU.S.-China trade talks and disappointing holiday-season reportsfrom retailers weighed on the mood. Shares of Kohl's CorpKSS.N fell 9.1 percent in premarkettrading after reporting anemic comparable sales growth duringthe final two months of 2018, and Macy's IncM.N slumped 18.5percent after cutting same-store sales forecast for the year.
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American Airlines Group IncAAL.O fell 7.7 percent afterthe No.1 U.S. airline cut its forecast for fourth-quarter growthin unit revenue, a closely watched performance metric. (Corrects to say Macy's cut its forecast for the full year, notthe holiday quarter in paragraph 6) * Retail stocks hit by Kohls, Macy's disappointing holidaynumbers * Airline stocks fall after American Airlines' forecast cut * Powell set to speak at noon * Futures down: Dow 0.34 pct, S&P 0.50 pct, Nasdaq 0.61 pct By Sruthi Shankar Jan 10 (Reuters) - U.S. stocks were set to open lower onThursday after a solid four-day rally, as lack of details onU.S.-China trade talks and disappointing holiday-season reportsfrom retailers weighed on the mood. S&P 500 e-minis ESc1 were down 13 points, or0.50 percent and Nasdaq 100 e-minis NQc1 were down 40.5points, or 0.61 percent.
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American Airlines Group IncAAL.O fell 7.7 percent afterthe No.1 U.S. airline cut its forecast for fourth-quarter growthin unit revenue, a closely watched performance metric. (Corrects to say Macy's cut its forecast for the full year, notthe holiday quarter in paragraph 6) * Retail stocks hit by Kohls, Macy's disappointing holidaynumbers * Airline stocks fall after American Airlines' forecast cut * Powell set to speak at noon * Futures down: Dow 0.34 pct, S&P 0.50 pct, Nasdaq 0.61 pct By Sruthi Shankar Jan 10 (Reuters) - U.S. stocks were set to open lower onThursday after a solid four-day rally, as lack of details onU.S.-China trade talks and disappointing holiday-season reportsfrom retailers weighed on the mood. Beijing said the talks with Washington were extensive andhelped establish a foundation for resolution, but gave nodetails at the end of their three-day meeting aimed at resolvinga tariff dispute that has battered financial markets.
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6764.0
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2019-01-10 00:00:00 UTC
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Will Delta (DAL) Retain its Beat Streak in Q4 Earnings?
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AAL
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https://www.nasdaq.com/articles/will-delta-dal-retain-its-beat-streak-in-q4-earnings-2019-01-10
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nan
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nan
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Delta Air Lines, Inc . DAL is scheduled to report fourth-quarter 2018 results on Jan 15, before the market opens.
The company delivered a positive earnings surprise in the las t report ed quarter. In fact, it boasts an impressive earnings history, surpassing the Zacks Consensus Estimate in each of the trailing four quarters, the average being 4.2%.
Things seem to be looking up for the company this soon-to-be-reported quarter as well with the Zacks Consensus Estimate for fourth-quarter earnings being revised 2.5% upward over the last 60 days.
Why a Likely Positive Surprise?
Our proven model shows that Delta is likely to beat on earnings in the fourth quarter of 2018 as well because it has the perfect combination of the following two key ingredients.
Earnings ESP : Delta has an Earnings ESP of +1.26%, representing the difference between the Most Accurate Estimate (poised at $1.27 cents per share) and the Zacks Consensus Estimate (pegged lower at $1.25). You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank : Delta currently carries a Zacks Rank #3 (Hold). Note that the stocks with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 have a significantly higher chance of beating estimates.
Conversely, the Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
Thus, the above combination makes us reasonably confident of a likely earnings surprise in the impending reporting cycle.
Delta Air Lines, Inc. Price and EPS Surprise
Delta Air Lines, Inc. Price and EPS Surprise | Delta Air Lines, Inc. Quote
Factors Likely at Play
The current law, which cuts the corporate tax rate significantly, is anticipated to aid Delta's bottom-line growth in the fourth quarter. Notably, the carrier expects earnings per share between $1.25 and $1.30 in the period to be reported, much higher than 96 cents in the fourth quarter of 2017.
Additionally, high passenger revenues owing to solid demand for air travel are anticipated to boost the company's top line. Delta expects total revenues to grow approximately 7% excluding third-party refinery sales in the quarter. The Zacks Consensus Estimate for revenue growth is pegged at 5.7%. Additionally, the pre-tax margin is predicted between 10% and 11%.
Moreover, total revenue per available seat mile (TRASM: a key measure of unit revenue) is envisioned to increase approximately 3% on a year-over-year basis. The Zacks Consensus Estimate for fourth-quarter TRASM stands at 17.22 cents compared with 16.40 reported in the third quarter of 2018. Notably, the company has been reporting a healthy TRASM growth over the past few quarters.
On another positive note, non-fuel unit costs are likely to slip approximately 0.5% in the to-be-reported quarter. This is another catalyst for bottom-line growth.
However, high fuel expenses might partly offse t earnings growth in the quarter. Fuel prices, although at a low level since the past few months, is still much higher when compared with the year-ago figure. The company forecasts fourth-quarter fuel cost per gallon in the range of $2.38-$2.43, much higher than $1.93 in the year-ago period.
Other Stocks to Consider
Investors interested in the broader Transportation sector may also consider American Airlines Group, Inc. AAL , ArcBest Corporation ARCB and JetBlue Airways Corporation JBLU as these stocks too possess the right mix of elements to beat on earnings in the next releases.
American Airlines has an Earnings ESP of +6.73% and a Zacks Rank of 2. The company is expected to release fourth-quarter earnings on Jan 24.
ArcBest has an Earnings ESP of +0.14% and a Zacks Rank of 1. The company will report its fourth-quarter financial numbers on Jan 30. You can see the complete list of today's Zacks #1 Rank stocks here .
JetBlue has an Earnings ESP of +2.86% and is a Zacks #2 Ranked stock. The company is expected to announce fourth-quarter results on Jan 24.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
ArcBest Corporation (ARCB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Investors interested in the broader Transportation sector may also consider American Airlines Group, Inc. AAL , ArcBest Corporation ARCB and JetBlue Airways Corporation JBLU as these stocks too possess the right mix of elements to beat on earnings in the next releases. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, it boasts an impressive earnings history, surpassing the Zacks Consensus Estimate in each of the trailing four quarters, the average being 4.2%.
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Other Stocks to Consider Investors interested in the broader Transportation sector may also consider American Airlines Group, Inc. AAL , ArcBest Corporation ARCB and JetBlue Airways Corporation JBLU as these stocks too possess the right mix of elements to beat on earnings in the next releases. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report To read this article on Zacks.com click here. Delta Air Lines, Inc. Price and EPS Surprise Delta Air Lines, Inc. Price and EPS Surprise | Delta Air Lines, Inc. Quote Factors Likely at Play The current law, which cuts the corporate tax rate significantly, is anticipated to aid Delta's bottom-line growth in the fourth quarter.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Investors interested in the broader Transportation sector may also consider American Airlines Group, Inc. AAL , ArcBest Corporation ARCB and JetBlue Airways Corporation JBLU as these stocks too possess the right mix of elements to beat on earnings in the next releases. Earnings ESP : Delta has an Earnings ESP of +1.26%, representing the difference between the Most Accurate Estimate (poised at $1.27 cents per share) and the Zacks Consensus Estimate (pegged lower at $1.25).
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Other Stocks to Consider Investors interested in the broader Transportation sector may also consider American Airlines Group, Inc. AAL , ArcBest Corporation ARCB and JetBlue Airways Corporation JBLU as these stocks too possess the right mix of elements to beat on earnings in the next releases. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for fourth-quarter TRASM stands at 17.22 cents compared with 16.40 reported in the third quarter of 2018.
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6765.0
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2019-01-10 00:00:00 UTC
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Zacks.com featured expert Kevin Matras highlights: Fifth Third, GAIN Capital, American Airlines and Delta Air Lines
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AAL
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https://www.nasdaq.com/articles/zacks.com-featured-expert-kevin-matras-highlights%3A-fifth-third-gain-capital-american
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nan
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nan
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For Immediate Release
Chicago, IL - January 10, 2019 - Stocks in this week's article include Fifth Third Bancorp FITB , GAIN Capital Holdings, Inc. GCAP , American Airlines Group Inc. AAL and Delta Air Lines, Inc. DAL . Kevin Matras screens for companies showing their 'first' profit and explains why they are ones to watch.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
4 High Earnings Yield Stocks to Strengthen Your Portfolio
If you are uncertain about whether to invest your money in bonds or stocks, an important metric that can show you the right path is earnings yield. It is the reciprocal of the price-to-earnings (P/E) ratio. This ratio comes in handy for finding out undervalued stocks. Also, this ratio is effective for comparing stocks with market or fixed income securities.
Earnings yield can be calculated as (annual earnings per share/market price) x 100. While comparing similar stocks, the one with high earnings yield should fetch higher returns.
This ratio is useful for comparing the performance of the market with the 10-year Treasury yield. When the yield of the market index is higher than the 10-year Treasury yield, stocks can be said to be undervalued in comparison to bonds. This means that investing in the stock market is a better option for a value investor.
However, while T-bills are devoid of risks, investing in stocks always carries some inherent risks. Hence, it will be prudent to add a risk premium to the Treasury yield while comparing with the earnings yield of a stock or the broader market.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/346399/4-high-earnings-yield-stocks-to-create-a-solid-portfolio
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Contact: Jim Giaquinto
Company: Zacks.com
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Email: pr@zacks.com
Visit: www.Zacks.com
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Fifth Third Bancorp (FITB): Free Stock Analysis Report
GAIN Capital Holdings, Inc. (GCAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL - January 10, 2019 - Stocks in this week's article include Fifth Third Bancorp FITB , GAIN Capital Holdings, Inc. GCAP , American Airlines Group Inc. AAL and Delta Air Lines, Inc. DAL . Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report GAIN Capital Holdings, Inc. (GCAP): Free Stock Analysis Report To read this article on Zacks.com click here. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.
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For Immediate Release Chicago, IL - January 10, 2019 - Stocks in this week's article include Fifth Third Bancorp FITB , GAIN Capital Holdings, Inc. GCAP , American Airlines Group Inc. AAL and Delta Air Lines, Inc. DAL . Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report GAIN Capital Holdings, Inc. (GCAP): Free Stock Analysis Report To read this article on Zacks.com click here. Screen of the Week written by Kevin Matras of Zacks Investment Research: 4 High Earnings Yield Stocks to Strengthen Your Portfolio If you are uncertain about whether to invest your money in bonds or stocks, an important metric that can show you the right path is earnings yield.
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Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report GAIN Capital Holdings, Inc. (GCAP): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - January 10, 2019 - Stocks in this week's article include Fifth Third Bancorp FITB , GAIN Capital Holdings, Inc. GCAP , American Airlines Group Inc. AAL and Delta Air Lines, Inc. DAL . Screen of the Week written by Kevin Matras of Zacks Investment Research: 4 High Earnings Yield Stocks to Strengthen Your Portfolio If you are uncertain about whether to invest your money in bonds or stocks, an important metric that can show you the right path is earnings yield.
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For Immediate Release Chicago, IL - January 10, 2019 - Stocks in this week's article include Fifth Third Bancorp FITB , GAIN Capital Holdings, Inc. GCAP , American Airlines Group Inc. AAL and Delta Air Lines, Inc. DAL . Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report GAIN Capital Holdings, Inc. (GCAP): Free Stock Analysis Report To read this article on Zacks.com click here. Screen of the Week written by Kevin Matras of Zacks Investment Research: 4 High Earnings Yield Stocks to Strengthen Your Portfolio If you are uncertain about whether to invest your money in bonds or stocks, an important metric that can show you the right path is earnings yield.
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6766.0
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2019-01-10 00:00:00 UTC
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Nasdaq 100 Movers: AAL, HSIC
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AAL
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https://www.nasdaq.com/articles/nasdaq-100-movers-aal-hsic-2019-01-10
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nan
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nan
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In early trading on Thursday, shares of Henry Schein ( HSIC ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.3%. Year to date, Henry Schein has lost about 1.5% of its value.
And the worst performing Nasdaq 100 component thus far on the day is American Airlines Group ( AAL ), trading down 9.7%. American Airlines Group is lower by about 6.0% looking at the year to date performance.
Two other components making moves today are United Continental Holdings ( UAL ), trading down 6.8%, and Electronic Arts ( EA ), trading up 1.1% on the day.
VIDEO: Nasdaq 100 Movers: AAL, HSIC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is American Airlines Group ( AAL ), trading down 9.7%. VIDEO: Nasdaq 100 Movers: AAL, HSIC 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 is lower by about 6.0% looking at the year to date performance.
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And the worst performing Nasdaq 100 component thus far on the day is American Airlines Group ( AAL ), trading down 9.7%. VIDEO: Nasdaq 100 Movers: AAL, HSIC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is American Airlines Group ( AAL ), trading down 9.7%. VIDEO: Nasdaq 100 Movers: AAL, HSIC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Thursday, shares of Henry Schein ( HSIC ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.3%.
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And the worst performing Nasdaq 100 component thus far on the day is American Airlines Group ( AAL ), trading down 9.7%. VIDEO: Nasdaq 100 Movers: AAL, HSIC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Thursday, shares of Henry Schein ( HSIC ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.3%.
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6767.0
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2019-01-10 00:00:00 UTC
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S&P 500 Movers: M, STZ
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AAL
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https://www.nasdaq.com/articles/sp-500-movers-m-stz-2019-01-10
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nan
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nan
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In early trading on Thursday, shares of Constellation Brands ( STZ ) topped the list of the day's best performing components of the S&P 500 index, trading up 5.8%. Year to date, Constellation Brands has lost about 0.7% of its value.
And the worst performing S&P 500 component thus far on the day is Macy's ( M ), trading down 18.5%. Macy's is lower by about 13.2% looking at the year to date performance.
Two other components making moves today are American Airlines Group ( AAL ), trading down 10.1%, and PG&E Corp ( PCG ), trading up 3.9% on the day.
VIDEO: S&P 500 Movers: M, STZ
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Two other components making moves today are American Airlines Group ( AAL ), trading down 10.1%, and PG&E Corp ( PCG ), trading up 3.9% on the day. In early trading on Thursday, shares of Constellation Brands ( STZ ) topped the list of the day's best performing components of the S&P 500 index, trading up 5.8%. And the worst performing S&P 500 component thus far on the day is Macy's ( M ), trading down 18.5%.
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Two other components making moves today are American Airlines Group ( AAL ), trading down 10.1%, and PG&E Corp ( PCG ), trading up 3.9% on the day. Year to date, Constellation Brands has lost about 0.7% of its value. VIDEO: S&P 500 Movers: M, STZ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Two other components making moves today are American Airlines Group ( AAL ), trading down 10.1%, and PG&E Corp ( PCG ), trading up 3.9% on the day. In early trading on Thursday, shares of Constellation Brands ( STZ ) topped the list of the day's best performing components of the S&P 500 index, trading up 5.8%. VIDEO: S&P 500 Movers: M, STZ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Two other components making moves today are American Airlines Group ( AAL ), trading down 10.1%, and PG&E Corp ( PCG ), trading up 3.9% on the day. In early trading on Thursday, shares of Constellation Brands ( STZ ) topped the list of the day's best performing components of the S&P 500 index, trading up 5.8%. And the worst performing S&P 500 component thus far on the day is Macy's ( M ), trading down 18.5%.
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6768.0
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2019-01-10 00:00:00 UTC
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Wall St drops after four-day rally as retailers, trade talks disappoint
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AAL
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https://www.nasdaq.com/articles/wall-st-drops-after-four-day-rally-retailers-trade-talks-disappoint-2019-01-10
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By Sruthi Shankar
Jan 10 () - U.S. stocks looked set to snap a four-day rally on Thursday as disappointing holiday-season results from Macy's hammered retail stocks and no clear signs of a resolution emerged from U.S.-Chinese trade talks.
Despite the S&P 500's 0.60 percent retreat, the benchmark index is holding near three-week highs and is 9.2 percent above the 20-month low it hit around Christmas, thanks to the recent rally that was driven by strong U.S. jobs data, easing fears of higher interest rates and rising hopes of a trade deal.
The mood was further hit a 19 percent slump in shares of department store operator Macy's Inc after the retailer cut same-store sales forecast for the holiday quarter.
The report sparked a slide in retail stocks, with the S&P 500 retail index dropping 1.94 percent. Combined with a 1.9 percent fall in Amazon.com Inc, the consumer discretionary index slipped by 1.43 percent.
"Right now, the market is down given there is a lack of positive news and the fact that nothing clear came out (of trade talks) doesn't necessarily help," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.
"Investors are thinking if they want a risk-on ahead of earnings season."
Big tech stocks, which had led the recent surge, were down 0.76 percent. Apple Inc fell 1.3 percent, while Microsoft Corp dropped 1.4 percent.
At 10:07 a.m. EDT, the Dow Jones Industrial Average was down 106.15 points, or 0.44 percent, at 23,772.97, the S&P 500 was down 15.62 points, or 0.60 percent, at 2,569.34 and the Nasdaq Composite was down 59.18 points, or 0.85 percent, at 6,897.89.
Minutes from the Fed's most recent meeting, released on Wednesday, showed policymakers want to be patient about future interest rate increases. Investors will tune into Fed Chair Jerome Powell's speech before the Economic Club of Washington to see if the same tone continues.
Oil prices reversed from an eight-day winning streak, driving the energy index down 0.71 percent. Ten of the 11 major S&P sectors were lower, with only utilities index posting slim gains.
American Airlines Group Inc fell 9.7 percent after the No.1 U.S. airline cut its forecast for fourth-quarter growth in unit revenue, a closely watched performance metric. That weighed on other airlines as well.
The Dow Jones US Airlines index fell 4.64 percent.
Among the few bright spots, Bed Bath & Beyond Inc, gained 5.9 percent after the home furnishing company reported a better-than-expected quarterly profit and gave upbeat earnings forecast.
Declining issues outnumbered advancers for a 2.47-to-1 ratio on the NYSE and for a 2.34-to-1 ratio on the Nasdaq.
The S&P index recorded no new 52-week highs and one new low, while the Nasdaq recorded 8 new highs and 7 new lows.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The mood was further hit a 19 percent slump in shares of department store operator Macy's Inc after the retailer cut same-store sales forecast for the holiday quarter. "Right now, the market is down given there is a lack of positive news and the fact that nothing clear came out (of trade talks) doesn't necessarily help," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey. Among the few bright spots, Bed Bath & Beyond Inc, gained 5.9 percent after the home furnishing company reported a better-than-expected quarterly profit and gave upbeat earnings forecast.
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The report sparked a slide in retail stocks, with the S&P 500 retail index dropping 1.94 percent. The Dow Jones US Airlines index fell 4.64 percent. The S&P index recorded no new 52-week highs and one new low, while the Nasdaq recorded 8 new highs and 7 new lows.
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Despite the S&P 500's 0.60 percent retreat, the benchmark index is holding near three-week highs and is 9.2 percent above the 20-month low it hit around Christmas, thanks to the recent rally that was driven by strong U.S. jobs data, easing fears of higher interest rates and rising hopes of a trade deal. Combined with a 1.9 percent fall in Amazon.com Inc, the consumer discretionary index slipped by 1.43 percent. At 10:07 a.m. EDT, the Dow Jones Industrial Average was down 106.15 points, or 0.44 percent, at 23,772.97, the S&P 500 was down 15.62 points, or 0.60 percent, at 2,569.34 and the Nasdaq Composite was down 59.18 points, or 0.85 percent, at 6,897.89.
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Despite the S&P 500's 0.60 percent retreat, the benchmark index is holding near three-week highs and is 9.2 percent above the 20-month low it hit around Christmas, thanks to the recent rally that was driven by strong U.S. jobs data, easing fears of higher interest rates and rising hopes of a trade deal. The report sparked a slide in retail stocks, with the S&P 500 retail index dropping 1.94 percent. The Dow Jones US Airlines index fell 4.64 percent.
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6769.0
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2019-01-10 00:00:00 UTC
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US STOCKS-Wall St flat after four-day surge as retailers, trade talks disappoint
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-flat-after-four-day-surge-retailers-trade-talks-disappoint-2019-01-10
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* Weak holiday numbers roil retail stocks
* Airline stocks fall after No.1 U.S. carrier cuts forecasts
* Powell set to speak at 12.45 pm E.T.
By Sruthi Shankar
Jan 10 (Reuters) - U.S. stocks were little changed onThursday after a four-day surge, as weakness in retailers due totepid holiday season report from Macy's Inc and concerns overprogress in the U.S.-China trade talks were offset by gains inBoeing.
Despite the S&P 500's .SPX sluggish moves, the benchmarkindex is at three-week highs it hit after rallying more than 5percent in the last four days on strong U.S. jobs data, easingfears of higher interest rates and rising hopes of a trade deal.
But the trade-related optimism was dampened as China offeredlittle details on key issues such as forced technologytransfers, intellectual property rights, tariff barriers andcyber attacks, while saying the meeting set a "foundation" toresolve differences.
The lack of clarity, coupled with weak economic data inChina and France, rekindled worries about global growth.
Closer home, reports from Macy's and American Airlines addedto fears of corporate profit growth shrinking, which wasexacerbate after Apple's sales warning last week.
"Most of what's driving the pullback is headline risks onthe lack of a formal trade policy deal," said Matt Forester,chief investment officer at BNY Mellon's Lockwood Advisors inKing of Prussia, PA.
"We're about to go into the earnings season and it's goingto be a tug of war between relatively good results versus whatthe forward guidance is going to look like."
Macy's IncM.N plunged 18.1 percent after the departmentstore operator cut same-store sales forecast for the full yeardue to weak demand during mid-December.
The report, along with that of Kohl's CorpKSS.N andothers, pushed the S&P 500 retailers index .SPXRT 0.56 percentlower.
The technology index .SPLRCT dropped 0.56 percent, withApple down 0.4 percent and Microsoft CorpMSFT.O 0.7 percent.Profit forecasts for technology companies have fallen more thanany sector other than energy.
At 11:36 a.m. EDT the Dow Jones Industrial Average .DJI was up 62.93 points, or 0.26 percent, at 23,942.05, the S&P 500 .SPX was up 3.87 points, or 0.15 percent, at 2,588.83 and theNasdaq Composite .IXIC was up 8.61 points, or 0.12 percent, at6,965.69.
The trade-sensitive industrial stocks .SPLRCI however rose0.73 percent, lifted by Boeing CoBA.N , which gained 1.7percent after the U.S. Air Force accepted its long-delayed KC-46air tanker.
American Airlines Group IncAAL.O fell 7.4 percent afterthe No.1 U.S. carrier cut its fourth-quarter profit and unitrevenue forecasts. That weighed on other airlines as well.
Among the bright spots was Twitter IncTWTR.N , which rose1.7 percent after Bank of America double upgraded the stock to"buy" from "underperform."
Minutes from the Federal Reserve's recent meeting, releasedon Wednesday, showed policymakers want to be patient on futurerate hikes. Investors will tune into Fed Chair Jerome Powell'sspeech before the Economic Club of Washington to see if the sametone continues.
Advancing issues outnumbered decliners by a 1.15-to-1 ratioon the NYSE. Declining issues outnumbered advancers for a1.02-to-1 ratio on the Nasdaq.
The S&P index recorded no new 52-week highs and one new low,while the Nasdaq recorded 14 new highs and 8 new lows. (Reporting by Sruthi Shankar in Bengaluru; Editing by SaumyadebChakrabarty and Arun Koyyur) ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 2238780; outside U.S. +91 80 6749 6328; Reuters Messaging:sruthi.shankar.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group IncAAL.O fell 7.4 percent afterthe No.1 U.S. carrier cut its fourth-quarter profit and unitrevenue forecasts. By Sruthi Shankar Jan 10 (Reuters) - U.S. stocks were little changed onThursday after a four-day surge, as weakness in retailers due totepid holiday season report from Macy's Inc and concerns overprogress in the U.S.-China trade talks were offset by gains inBoeing. But the trade-related optimism was dampened as China offeredlittle details on key issues such as forced technologytransfers, intellectual property rights, tariff barriers andcyber attacks, while saying the meeting set a "foundation" toresolve differences.
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American Airlines Group IncAAL.O fell 7.4 percent afterthe No.1 U.S. carrier cut its fourth-quarter profit and unitrevenue forecasts. * Weak holiday numbers roil retail stocks * Airline stocks fall after No.1 U.S. carrier cuts forecasts * Powell set to speak at 12.45 pm E.T. Advancing issues outnumbered decliners by a 1.15-to-1 ratioon the NYSE.
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American Airlines Group IncAAL.O fell 7.4 percent afterthe No.1 U.S. carrier cut its fourth-quarter profit and unitrevenue forecasts. * Weak holiday numbers roil retail stocks * Airline stocks fall after No.1 U.S. carrier cuts forecasts * Powell set to speak at 12.45 pm E.T. By Sruthi Shankar Jan 10 (Reuters) - U.S. stocks were little changed onThursday after a four-day surge, as weakness in retailers due totepid holiday season report from Macy's Inc and concerns overprogress in the U.S.-China trade talks were offset by gains inBoeing.
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American Airlines Group IncAAL.O fell 7.4 percent afterthe No.1 U.S. carrier cut its fourth-quarter profit and unitrevenue forecasts. * Weak holiday numbers roil retail stocks * Airline stocks fall after No.1 U.S. carrier cuts forecasts * Powell set to speak at 12.45 pm E.T. By Sruthi Shankar Jan 10 (Reuters) - U.S. stocks were little changed onThursday after a four-day surge, as weakness in retailers due totepid holiday season report from Macy's Inc and concerns overprogress in the U.S.-China trade talks were offset by gains inBoeing.
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6770.0
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2019-01-10 00:00:00 UTC
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American Airlines shares fall on dour Q4 expectations, weigh on sector
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AAL
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https://www.nasdaq.com/articles/american-airlines-shares-fall-dour-q4-expectations-weigh-sector-2019-01-10
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By Ankit Ajmera
Jan 10 () - American Airlines shares fell as much as 11 percent on Thursday after the biggest U.S. carrier cut its estimate for a closely watched measure of performance, raising concerns that slowing global economic growth is hurting business travel.
The losses in American's shares also weighed on the broader airlines sector as slowdown fears were exacerbated by lower fuel prices, which typically lead to competitive discounting.
"Legacies in particular have a clear risk ahead on unit revenues, and that includes American Airlines with everything from corporate, international to shutdown exposure," Morgan Stanley analyst Rajeev Lalwani said.
"It's happening a little earlier than anticipated per the American and Delta unit revenue guide downs in the fourth quarter, which is concerning."
Delta Air Lines Inc cut its quarterly unit revenue estimate last week due to lower-than-expected improvement in fares booked last minute.
A decline in fuel prices in 2016 and 2017 led U.S. airlines to discount ticket prices, hurting revenue. Investors have been concerned that the cycle may repeat itself if oil prices do not show an improvement, resulting in depressed fares.
American said it expects its fuel expense to reduce in the fourth quarter to between $2.22 and $2.27 per gallon, compared with $2.30 to $2.35 per gallon earlier.
The company now expects unit revenue, which compares sales to flight capacity, to increase about 1.5 percent in the quarter, compared with its earlier estimate of 1.5 percent to 3.5 percent rise (graphic).
"We believe a change in messaging is needed at American. The company cannot continue to come out with a bullish message and then underperform all year," Cowen & Co analyst Helane Becker said.
American also lowered full-year earnings per share expectation to a range of $4.40 to $4.60, from $4.50 to $5 earlier.
Analysts were expecting American to earn $4.62 per share in 2018, according to IBES data from Refinitiv.
American's shares have underperformed the broader airline sector - down 36 percent in the past 12 months compared with a 16.4 percent decline in the S&P 500 Airlines index.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Ankit Ajmera Jan 10 () - American Airlines shares fell as much as 11 percent on Thursday after the biggest U.S. carrier cut its estimate for a closely watched measure of performance, raising concerns that slowing global economic growth is hurting business travel. The losses in American's shares also weighed on the broader airlines sector as slowdown fears were exacerbated by lower fuel prices, which typically lead to competitive discounting. "Legacies in particular have a clear risk ahead on unit revenues, and that includes American Airlines with everything from corporate, international to shutdown exposure," Morgan Stanley analyst Rajeev Lalwani said.
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A decline in fuel prices in 2016 and 2017 led U.S. airlines to discount ticket prices, hurting revenue. The company now expects unit revenue, which compares sales to flight capacity, to increase about 1.5 percent in the quarter, compared with its earlier estimate of 1.5 percent to 3.5 percent rise (graphic). American's shares have underperformed the broader airline sector - down 36 percent in the past 12 months compared with a 16.4 percent decline in the S&P 500 Airlines index.
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By Ankit Ajmera Jan 10 () - American Airlines shares fell as much as 11 percent on Thursday after the biggest U.S. carrier cut its estimate for a closely watched measure of performance, raising concerns that slowing global economic growth is hurting business travel. The company now expects unit revenue, which compares sales to flight capacity, to increase about 1.5 percent in the quarter, compared with its earlier estimate of 1.5 percent to 3.5 percent rise (graphic). American's shares have underperformed the broader airline sector - down 36 percent in the past 12 months compared with a 16.4 percent decline in the S&P 500 Airlines index.
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The company now expects unit revenue, which compares sales to flight capacity, to increase about 1.5 percent in the quarter, compared with its earlier estimate of 1.5 percent to 3.5 percent rise (graphic). American also lowered full-year earnings per share expectation to a range of $4.40 to $4.60, from $4.50 to $5 earlier. American's shares have underperformed the broader airline sector - down 36 percent in the past 12 months compared with a 16.4 percent decline in the S&P 500 Airlines index.
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6771.0
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2019-01-10 00:00:00 UTC
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Mid-Day Update: Stock Rally Struggles as Trade Deal, Holiday Sales Disappoint Wall Street
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AAL
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https://www.nasdaq.com/articles/mid-day-update-stock-rally-struggles-trade-deal-holiday-sales-disappoint-wall-street-2019
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nan
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The lack of a tangible trade deal between the US and China coupled with disappointing holiday retail sales was undermining the stock market's four-day winning streak Thursday with the major market averages struggling to stay positive.
The longest winning streak on Wall Street since November was threatened by soft Chinese inflation data and little measurable progress on a trade deal, pulling US stock futures into the red and rekindling a flight into safe havens like precious metals and government securities.
The defensive tone was amplified by Macy's ( M ) underwhelming holiday sales and lowered FY18 comps, which permeated most of the retail sector with competitors like Kohl's ( KSS ), Nordstrom ( JWN ) and Dillard's ( DDS ) trading lower in sympathy. Consequently, the retail sector of the S&P 500 was down by as much as 4%. The airline sector was another laggard Thursday after a profit warning from American Airlines ( AAL ) sent the entire sector tumbling more than 3%.
Thursday morning's economic data was one of the few bright spots in an otherwise challenging morning. First time unemployment claims dropped by a much greater-than-expected 17,000 in the week ended Jan. 5 to a one-month low of 216,000.
Losses were also mitigated by an upcoming appearance by Fed Chairman Jerome Powell later this afternoon at the Economic Club of Washington DC. Given the recent chorus of dovish remarks from Fed presidents, and the re-calibration of the FOMC to accommodate the volatility in financial markets, investors are counting on Powell to give more assurances that the Fed takes Wall Street into account when formulating monetary policy.
European indices were mostly higher except for France's CAC-40 following a unexpected contraction in French industrial production of 1.3% vs estimates to remain unchanged. Germany's DAX and the Euro Stoxx 60 held onto modest gains.
Crude oil was down $0.13 to $52.23 per barrel. Natural gas was up $0.04 to $3.03 per 1 million BTU. Gold was down $2.40 to $1,289.60 an ounce, while silver was down $0.06 to $15.67 an ounce. Copper was down $0.02 to $2.64 per pound.
Among energy ETFs, the United States Oil Fund was down 0.18% to $11.03 with the United States Natural Gas Fund up 0.12% to 24.92. Among precious-metal funds, the Market Vectors Gold Miners ETF was down 0.19% to 21.26 while SPDR Gold Shares were down 0.37% to 121.85. The iShares Silver Trust was down 0.73% to 14.67.
Here's where the markets stand at mid-day:
US MARKETS
NYSE Composite Index was up 27.69 points (+0.23%) to 11,805.52
Dow Jones Industrial Index was up 11.26 points (+0.05%) to 23,890.38
S&P 500 was up 1.38 points (+0.05%) to 2,586.59
Nasdaq Composite Index was up 5.72 points (+0.23%) to 6,963.06
GLOBAL SENTIMENT
FTSE 100 was up 36.24 points (+0.52%) to 6,942.87
DAX was up 28.27 points (+0.26%) to 10,921.59
CAC 40 was down 7.92 points (-0.17%) to 4,805.66
Nikkei 225 was down 263.26 points (-1.29%) to 20,163.80
Hang Seng Index was up 59.11 points (+0.22%) to 26,521.43
Shanghai China Composite Index was down 9.25 points (+0.36%) to 2,535.10
NYSE SECTOR INDICES
NYSE Energy Sector Index was down 25.63 points (-0.25%) to 10,107.50
NYSE Financial Sector Index was up 15.09 points (+0.21%) to 7,228.33
NYSE Healthcare Sector Index was down 23.97 points (-0.16%) to 15,128.42
UPSIDE MOVERS
(+) PRPO (+43.33%) Secured first US government customer for ICE COLD-PCR mutation technology
(+) DCIX (+33.35%) Plans to buy back up to $6 million shares
(+) VERI (+16.66%) Raised revenue expectations
DOWNSIDE MOVERS
(-) CGIX (-24.88%) Prices stock offering at 35% discount
(-) M (-18.90%) Cuts fiscal 2018 revenue growth estimate
(-) PAVM (-13.79%) Will resubmit 501(k) application for CarpX carpal tunnel device
(-) BKS (-11.33%) Issued outlook warning
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The airline sector was another laggard Thursday after a profit warning from American Airlines ( AAL ) sent the entire sector tumbling more than 3%. The longest winning streak on Wall Street since November was threatened by soft Chinese inflation data and little measurable progress on a trade deal, pulling US stock futures into the red and rekindling a flight into safe havens like precious metals and government securities. Losses were also mitigated by an upcoming appearance by Fed Chairman Jerome Powell later this afternoon at the Economic Club of Washington DC.
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The airline sector was another laggard Thursday after a profit warning from American Airlines ( AAL ) sent the entire sector tumbling more than 3%. The lack of a tangible trade deal between the US and China coupled with disappointing holiday retail sales was undermining the stock market's four-day winning streak Thursday with the major market averages struggling to stay positive. Among energy ETFs, the United States Oil Fund was down 0.18% to $11.03 with the United States Natural Gas Fund up 0.12% to 24.92.
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The airline sector was another laggard Thursday after a profit warning from American Airlines ( AAL ) sent the entire sector tumbling more than 3%. NYSE Composite Index was up 27.69 points (+0.23%) to 11,805.52 Dow Jones Industrial Index was up 11.26 points (+0.05%) to 23,890.38 S&P 500 was up 1.38 points (+0.05%) to 2,586.59 Nasdaq Composite Index was up 5.72 points (+0.23%) to 6,963.06 FTSE 100 was up 36.24 points (+0.52%) to 6,942.87 DAX was up 28.27 points (+0.26%) to 10,921.59 CAC 40 was down 7.92 points (-0.17%) to 4,805.66 Nikkei 225 was down 263.26 points (-1.29%) to 20,163.80 Hang Seng Index was up 59.11 points (+0.22%) to 26,521.43 Shanghai China Composite Index was down 9.25 points (+0.36%) to 2,535.10
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The airline sector was another laggard Thursday after a profit warning from American Airlines ( AAL ) sent the entire sector tumbling more than 3%. The lack of a tangible trade deal between the US and China coupled with disappointing holiday retail sales was undermining the stock market's four-day winning streak Thursday with the major market averages struggling to stay positive. Among energy ETFs, the United States Oil Fund was down 0.18% to $11.03 with the United States Natural Gas Fund up 0.12% to 24.92.
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6772.0
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2019-01-10 00:00:00 UTC
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Wall St flat after four-day surge as retailers, trade talks disappoint
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AAL
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https://www.nasdaq.com/articles/wall-st-flat-after-four-day-surge-retailers-trade-talks-disappoint-2019-01-10
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By Sruthi Shankar
Jan 10 () - U.S. stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy's Inc and concerns over progress in the U.S.-China trade talks were offset by gains in Boeing.
Despite the S&P 500's sluggish moves, the benchmark index is at three-week highs it hit after rallying more than 5 percent in the last four days on strong U.S. jobs data, easing fears of higher interest rates and rising hopes of a trade deal.
The lack of clarity, coupled with weak economic data in China and France, rekindled worries about global growth.
Closer home, reports from Macy's and American Airlines added to fears of corporate profit growth shrinking, which was exacerbate after Apple's sales warning last week.
"Most of what's driving the pullback is headline risks on the lack of a formal trade policy deal," said Matt Forester, chief investment officer at BNY Mellon's Lockwood Advisors in King of Prussia, PA.
"We're about to go into the earnings season and it's going to be a tug of war between relatively good results versus what the forward guidance is going to look like."
Macy's Inc plunged 18.1 percent after the department store operator cut same-store sales forecast for the full year due to weak demand during mid-December.
The report, along with that of Kohl's Corp and others, pushed the S&P 500 retailers index 0.56 percent lower.
The technology index dropped 0.56 percent, with Apple down 0.4 percent and Microsoft Corp 0.7 percent. Profit forecasts for technology companies have fallen more than any sector other than energy.
At 11:36 a.m. EDT the Dow Jones Industrial Average was up 62.93 points, or 0.26 percent, at 23,942.05, the S&P 500 was up 3.87 points, or 0.15 percent, at 2,588.83 and the Nasdaq Composite was up 8.61 points, or 0.12 percent, at 6,965.69.
The trade-sensitive industrial stocks however rose 0.73 percent, lifted by Boeing Co, which gained 1.7 percent after the U.S. Air Force accepted its long-delayed KC-46 air tanker.
American Airlines Group Inc fell 7.4 percent after the No.1 U.S. carrier cut its fourth-quarter profit and unit revenue forecasts. That weighed on other airlines as well.
Among the bright spots was Twitter Inc, which rose 1.7 percent after Bank of America double upgraded the stock to "buy" from "underperform."
Minutes from the Federal Reserve's recent meeting, released on Wednesday, showed policymakers want to be patient on future rate hikes. Investors will tune into Fed Chair Jerome Powell's speech before the Economic Club of Washington to see if the same tone continues.
Advancing issues outnumbered decliners by a 1.15-to-1 ratio on the NYSE. Declining issues outnumbered advancers for a 1.02-to-1 ratio on the Nasdaq.
The S&P index recorded no new 52-week highs and one new low, while the Nasdaq recorded 14 new highs and 8 new lows.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Sruthi Shankar Jan 10 () - U.S. stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy's Inc and concerns over progress in the U.S.-China trade talks were offset by gains in Boeing. Despite the S&P 500's sluggish moves, the benchmark index is at three-week highs it hit after rallying more than 5 percent in the last four days on strong U.S. jobs data, easing fears of higher interest rates and rising hopes of a trade deal. "Most of what's driving the pullback is headline risks on the lack of a formal trade policy deal," said Matt Forester, chief investment officer at BNY Mellon's Lockwood Advisors in King of Prussia, PA. "We're about to go into the earnings season and it's going to be a tug of war between relatively good results versus what the forward guidance is going to look like."
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Closer home, reports from Macy's and American Airlines added to fears of corporate profit growth shrinking, which was exacerbate after Apple's sales warning last week. The technology index dropped 0.56 percent, with Apple down 0.4 percent and Microsoft Corp 0.7 percent. The trade-sensitive industrial stocks however rose 0.73 percent, lifted by Boeing Co, which gained 1.7 percent after the U.S. Air Force accepted its long-delayed KC-46 air tanker.
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The technology index dropped 0.56 percent, with Apple down 0.4 percent and Microsoft Corp 0.7 percent. At 11:36 a.m. EDT the Dow Jones Industrial Average was up 62.93 points, or 0.26 percent, at 23,942.05, the S&P 500 was up 3.87 points, or 0.15 percent, at 2,588.83 and the Nasdaq Composite was up 8.61 points, or 0.12 percent, at 6,965.69. The trade-sensitive industrial stocks however rose 0.73 percent, lifted by Boeing Co, which gained 1.7 percent after the U.S. Air Force accepted its long-delayed KC-46 air tanker.
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By Sruthi Shankar Jan 10 () - U.S. stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy's Inc and concerns over progress in the U.S.-China trade talks were offset by gains in Boeing. The technology index dropped 0.56 percent, with Apple down 0.4 percent and Microsoft Corp 0.7 percent. American Airlines Group Inc fell 7.4 percent after the No.1 U.S. carrier cut its fourth-quarter profit and unit revenue forecasts.
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6773.0
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2019-01-10 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Retailers, airlines, PG&E, Yelp, MongoDB
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AAL
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https://www.nasdaq.com/articles/us-stocks-move-retailers-airlines-pge-yelp-mongodb-2019-01-10
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
U.S. stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy's Inc and concerns over progress in the U.S.-China trade talks were offset by gains in Boeing.
The top three S&P 500 percentage gainers:
** Constellation Brands Inc, up 6.1 pct
** PG&E Corp, up 4.8 pct
** Newell Brands Inc, up 3.4 pct
The top three S&P 500 percentage losers:
** Macy's Inc, down 18.7 pct
** Kohl's Corp, down 6.8 pct
** American Airlines Group Inc, down 6.4 pct
The top three NYSE percentage gainers:
** Volt Information Sciences Inc, up 31.9 pct
** BK Technologies Inc, up 24.5 pct
** 500.Com Ltd, up 20.6 pct
The top three NYSE percentage losers:
** Macy's Inc, down 18.7 pct
** e.l.f Beauty Inc, down 16.3 pct
** FTE Networks Inc, down 14.9 pct
The top three Nasdaq percentage gainers:
** Luokung Technology Co, up 272.7 pct
** Organogenesis Holdings Inc, up 142.9 pct
** Simplicity Esports and Gaming Co, up 65.2 pct
The top three Nasdaq percentage losers:
** Phunware Inc, down 38.6 pct
** China SXT Pharmaceuticals Inc, down 36.4 pct
** Wins Finance Holdings Inc, down 32.1 pct
** Bed Bath & Beyond Inc: up 10.3 pct
Soars on forecast, analyst says not in recovery mode yet
Bed Bath & Beyond forecasts 2019 profit ahead of estimates, shares jump
** Macy's Inc: down 18.7 pct
** JC Penney Co Inc: down 4.9 pct
** Kohl's Corp: down 6.8 pct
** Target Corp: down 3.7 pct
Retailers plunge on disappointing holiday sales from department stores
Department store stocks tumble on downbeat holiday sales
Target's holiday season comparable sales up 5.7 pct
Macy's shares plunge as weak holiday sales prompt forecast cut
** Barnes & Noble Inc: down 11.1 pct
Holiday promotional activity to impact earnings
** e.l.f. Beauty Inc: down 16.3 pct
** Estee Lauder Companies Inc: down 2.4 pct
e.l.f. Beauty, Estee Lauder: Fall after Wells Fargo downgrades to "underperform"
** L Brands Inc: down 4.9 pct
L Brands: Falls on dim same-store sales in holiday month
** PG&E Corp: up 4.8 pct
Judge proposes PG&E power restrictions for next California fire season
** American Airlines Group Inc: down 6.4 pct
** JetBlue Airways Corp: down 2.4 pct
** Delta Air Lines Inc: down 1.4 pct
** Southwest Airlines Co: down 1.5 pct
** United Continental Holdings Inc: down 4.3 pct
** Alaska Air Group Inc: up 0.3 pct
** Spirit Airlines Inc: down 0.7 pct
American Airlines cuts fourth-quarter estimate for revenue metric
U.S. airlines: American Airlines forecast cut causes turbulence
** MongoDB Inc: down 9.4 pct
Shares dive as Amazon encroaches
** Boeing Co: up 1.6 pct
MS sees compounding growth, upgrades to 'overweight'
Airbus loses to Boeing in annual jet order race
** Ford Motor Co: down 1.1 pct
Gains after announcing European turnaround plan
Ford Europe to slash thousands of jobs in turnaround plan
Ford does not rule out plant closures in Europe as part of overhaul
** Yelp Inc: down 5.2 pct
MS downgrades on lower monetization, negative revisions ahead
** Snap Inc: down 1.0 pct
Cowen upgrades on improving ad buyer trends
** Diana Containerships Inc: up 35.6 pct
Jumps on $6 mln share buyback plan
** Cancer Genetics Inc: down 27.6 pct
Drops on stock offering
** Superior Energy Services Inc: down 7.0 pct
** Keane Group Inc: down 2.7 pct
** Weatherford International Inc: down 3.4 pct
** Teekay Offshore Partners LP: down 10.3 pct
** Teekay Tankers Ltd: down 2.3 pct
Smaller oilfield service cos tank on slew of broker actions
** Constellation Brands Inc: up 6.1 pct
Co to outperform even if pot bet yields no return
** Simulations Plus Inc: down 0.9 pct
Co reports first quarter results
** Alphabet Inc: down 0.8 pct
Google can limit 'right to be forgotten' to EU says top court adviser
** Veritone Inc: up 16.2 pct
BUZZ: Expects higher Q4 revenue, shares rise
** Gridsum Holding Inc: down 3.1 pct
Co expands relationship with nike
** Precipio Inc: up 46.7 pct
Jumps after winning first order for cancer testing tech
** PLDT Inc: up 3.6 pct
GMA network enters into an agreement with PLDT
** PAVmed Inc: down 13.8 pct
PAVmed Provides Business Update
** Pretium Resources Inc: down 3.5 pct
Falls on lower-than-expected FY gold output at Brucejack mine
** MGM Resorts International: up 1.7 pct
Rises on report of Starboard building stake
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy's Inc and concerns over progress in the U.S.-China trade talks were offset by gains in Boeing. The top three S&P 500 percentage gainers: ** Constellation Brands Inc, up 6.1 pct ** PG&E Corp, up 4.8 pct ** Newell Brands Inc, up 3.4 pct The top three S&P 500 percentage losers: ** Macy's Inc, down 18.7 pct ** Kohl's Corp, down 6.8 pct ** American Airlines Group Inc, down 6.4 pct The top three NYSE percentage gainers: ** Volt Information Sciences Inc, up 31.9 pct ** BK Technologies Inc, up 24.5 pct ** 500.Com Ltd, up 20.6 pct The top three NYSE percentage losers: ** Macy's Inc, down 18.7 pct ** e.l.f Beauty Inc, down 16.3 pct ** FTE Networks Inc, down 14.9 pct The top three Nasdaq percentage gainers: ** Luokung Technology Co, up 272.7 pct ** Organogenesis Holdings Inc, up 142.9 pct ** Simplicity Esports and Gaming Co, up 65.2 pct The top three Nasdaq percentage losers: ** Phunware Inc, down 38.6 pct ** China SXT Pharmaceuticals Inc, down 36.4 pct ** Wins Finance Holdings Inc, down 32.1 pct ** Bed Bath & Beyond Inc: up 10.3 pct Soars on forecast, analyst says not in recovery mode yet Bed Bath & Beyond forecasts 2019 profit ahead of estimates, shares jump ** Macy's Inc: down 18.7 pct ** JC Penney Co Inc: down 4.9 pct ** Kohl's Corp: down 6.8 pct ** Target Corp: down 3.7 pct Retailers plunge on disappointing holiday sales from department stores Department store stocks tumble on downbeat holiday sales Target's holiday season comparable sales up 5.7 pct Macy's shares plunge as weak holiday sales prompt forecast cut ** Barnes & Noble Inc: down 11.1 pct Holiday promotional activity to impact earnings ** e.l.f. Beauty, Estee Lauder: Fall after Wells Fargo downgrades to "underperform" ** L Brands Inc: down 4.9 pct L Brands: Falls on dim same-store sales in holiday month ** PG&E Corp: up 4.8 pct Judge proposes PG&E power restrictions for next California fire season ** American Airlines Group Inc: down 6.4 pct ** JetBlue Airways Corp: down 2.4 pct ** Delta Air Lines Inc: down 1.4 pct ** Southwest Airlines Co: down 1.5 pct ** United Continental Holdings Inc: down 4.3 pct ** Alaska Air Group Inc: up 0.3 pct ** Spirit Airlines Inc: down 0.7 pct American Airlines cuts fourth-quarter estimate for revenue metric U.S. airlines: American Airlines forecast cut causes turbulence ** MongoDB Inc: down 9.4 pct Shares dive as Amazon encroaches ** Boeing Co: up 1.6 pct MS sees compounding growth, upgrades to 'overweight' Airbus loses to Boeing in annual jet order race ** Ford Motor Co: down 1.1 pct Gains after announcing European turnaround plan Ford Europe to slash thousands of jobs in turnaround plan Ford does not rule out plant closures in Europe as part of overhaul ** Yelp Inc: down 5.2 pct MS downgrades on lower monetization, negative revisions ahead ** Snap Inc: down 1.0 pct Cowen upgrades on improving ad buyer trends ** Diana Containerships Inc: up 35.6 pct Jumps on $6 mln share buyback plan ** Cancer Genetics Inc: down 27.6 pct Drops on stock offering ** Superior Energy Services Inc: down 7.0 pct ** Keane Group Inc: down 2.7 pct ** Weatherford International Inc: down 3.4 pct ** Teekay Offshore Partners LP: down 10.3 pct ** Teekay Tankers Ltd: down 2.3 pct Smaller oilfield service cos tank on slew of broker actions ** Constellation Brands Inc: up 6.1 pct Co to outperform even if pot bet yields no return ** Simulations Plus Inc: down 0.9 pct Co reports first quarter results ** Alphabet Inc: down 0.8 pct Google can limit 'right to be forgotten' to EU says top court adviser ** Veritone Inc: up 16.2 pct BUZZ: Expects higher Q4 revenue, shares rise ** Gridsum Holding Inc: down 3.1 pct Co expands relationship with nike ** Precipio Inc: up 46.7 pct Jumps after winning first order for cancer testing tech ** PLDT Inc: up 3.6 pct GMA network enters into an agreement with PLDT ** PAVmed Inc: down 13.8 pct PAVmed Provides Business Update ** Pretium Resources Inc: down 3.5 pct Falls on lower-than-expected FY gold output at Brucejack mine ** MGM Resorts International: up 1.7 pct Rises on report of Starboard building stake The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy's Inc and concerns over progress in the U.S.-China trade talks were offset by gains in Boeing. The top three S&P 500 percentage gainers: ** Constellation Brands Inc, up 6.1 pct ** PG&E Corp, up 4.8 pct ** Newell Brands Inc, up 3.4 pct The top three S&P 500 percentage losers: ** Macy's Inc, down 18.7 pct ** Kohl's Corp, down 6.8 pct ** American Airlines Group Inc, down 6.4 pct The top three NYSE percentage gainers: ** Volt Information Sciences Inc, up 31.9 pct ** BK Technologies Inc, up 24.5 pct ** 500.Com Ltd, up 20.6 pct The top three NYSE percentage losers: ** Macy's Inc, down 18.7 pct ** e.l.f Beauty Inc, down 16.3 pct ** FTE Networks Inc, down 14.9 pct The top three Nasdaq percentage gainers: ** Luokung Technology Co, up 272.7 pct ** Organogenesis Holdings Inc, up 142.9 pct ** Simplicity Esports and Gaming Co, up 65.2 pct The top three Nasdaq percentage losers: ** Phunware Inc, down 38.6 pct ** China SXT Pharmaceuticals Inc, down 36.4 pct ** Wins Finance Holdings Inc, down 32.1 pct ** Bed Bath & Beyond Inc: up 10.3 pct Soars on forecast, analyst says not in recovery mode yet Bed Bath & Beyond forecasts 2019 profit ahead of estimates, shares jump ** Macy's Inc: down 18.7 pct ** JC Penney Co Inc: down 4.9 pct ** Kohl's Corp: down 6.8 pct ** Target Corp: down 3.7 pct Retailers plunge on disappointing holiday sales from department stores Department store stocks tumble on downbeat holiday sales Target's holiday season comparable sales up 5.7 pct Macy's shares plunge as weak holiday sales prompt forecast cut ** Barnes & Noble Inc: down 11.1 pct Holiday promotional activity to impact earnings ** e.l.f. Beauty, Estee Lauder: Fall after Wells Fargo downgrades to "underperform" ** L Brands Inc: down 4.9 pct L Brands: Falls on dim same-store sales in holiday month ** PG&E Corp: up 4.8 pct Judge proposes PG&E power restrictions for next California fire season ** American Airlines Group Inc: down 6.4 pct ** JetBlue Airways Corp: down 2.4 pct ** Delta Air Lines Inc: down 1.4 pct ** Southwest Airlines Co: down 1.5 pct ** United Continental Holdings Inc: down 4.3 pct ** Alaska Air Group Inc: up 0.3 pct ** Spirit Airlines Inc: down 0.7 pct American Airlines cuts fourth-quarter estimate for revenue metric U.S. airlines: American Airlines forecast cut causes turbulence ** MongoDB Inc: down 9.4 pct Shares dive as Amazon encroaches ** Boeing Co: up 1.6 pct MS sees compounding growth, upgrades to 'overweight' Airbus loses to Boeing in annual jet order race ** Ford Motor Co: down 1.1 pct Gains after announcing European turnaround plan Ford Europe to slash thousands of jobs in turnaround plan Ford does not rule out plant closures in Europe as part of overhaul ** Yelp Inc: down 5.2 pct MS downgrades on lower monetization, negative revisions ahead ** Snap Inc: down 1.0 pct Cowen upgrades on improving ad buyer trends ** Diana Containerships Inc: up 35.6 pct Jumps on $6 mln share buyback plan ** Cancer Genetics Inc: down 27.6 pct Drops on stock offering ** Superior Energy Services Inc: down 7.0 pct ** Keane Group Inc: down 2.7 pct ** Weatherford International Inc: down 3.4 pct ** Teekay Offshore Partners LP: down 10.3 pct ** Teekay Tankers Ltd: down 2.3 pct Smaller oilfield service cos tank on slew of broker actions ** Constellation Brands Inc: up 6.1 pct Co to outperform even if pot bet yields no return ** Simulations Plus Inc: down 0.9 pct Co reports first quarter results ** Alphabet Inc: down 0.8 pct Google can limit 'right to be forgotten' to EU says top court adviser ** Veritone Inc: up 16.2 pct BUZZ: Expects higher Q4 revenue, shares rise ** Gridsum Holding Inc: down 3.1 pct Co expands relationship with nike ** Precipio Inc: up 46.7 pct Jumps after winning first order for cancer testing tech ** PLDT Inc: up 3.6 pct GMA network enters into an agreement with PLDT ** PAVmed Inc: down 13.8 pct PAVmed Provides Business Update ** Pretium Resources Inc: down 3.5 pct Falls on lower-than-expected FY gold output at Brucejack mine ** MGM Resorts International: up 1.7 pct Rises on report of Starboard building stake The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy's Inc and concerns over progress in the U.S.-China trade talks were offset by gains in Boeing. The top three S&P 500 percentage gainers: ** Constellation Brands Inc, up 6.1 pct ** PG&E Corp, up 4.8 pct ** Newell Brands Inc, up 3.4 pct The top three S&P 500 percentage losers: ** Macy's Inc, down 18.7 pct ** Kohl's Corp, down 6.8 pct ** American Airlines Group Inc, down 6.4 pct The top three NYSE percentage gainers: ** Volt Information Sciences Inc, up 31.9 pct ** BK Technologies Inc, up 24.5 pct ** 500.Com Ltd, up 20.6 pct The top three NYSE percentage losers: ** Macy's Inc, down 18.7 pct ** e.l.f Beauty Inc, down 16.3 pct ** FTE Networks Inc, down 14.9 pct The top three Nasdaq percentage gainers: ** Luokung Technology Co, up 272.7 pct ** Organogenesis Holdings Inc, up 142.9 pct ** Simplicity Esports and Gaming Co, up 65.2 pct The top three Nasdaq percentage losers: ** Phunware Inc, down 38.6 pct ** China SXT Pharmaceuticals Inc, down 36.4 pct ** Wins Finance Holdings Inc, down 32.1 pct ** Bed Bath & Beyond Inc: up 10.3 pct Soars on forecast, analyst says not in recovery mode yet Bed Bath & Beyond forecasts 2019 profit ahead of estimates, shares jump ** Macy's Inc: down 18.7 pct ** JC Penney Co Inc: down 4.9 pct ** Kohl's Corp: down 6.8 pct ** Target Corp: down 3.7 pct Retailers plunge on disappointing holiday sales from department stores Department store stocks tumble on downbeat holiday sales Target's holiday season comparable sales up 5.7 pct Macy's shares plunge as weak holiday sales prompt forecast cut ** Barnes & Noble Inc: down 11.1 pct Holiday promotional activity to impact earnings ** e.l.f. Beauty, Estee Lauder: Fall after Wells Fargo downgrades to "underperform" ** L Brands Inc: down 4.9 pct L Brands: Falls on dim same-store sales in holiday month ** PG&E Corp: up 4.8 pct Judge proposes PG&E power restrictions for next California fire season ** American Airlines Group Inc: down 6.4 pct ** JetBlue Airways Corp: down 2.4 pct ** Delta Air Lines Inc: down 1.4 pct ** Southwest Airlines Co: down 1.5 pct ** United Continental Holdings Inc: down 4.3 pct ** Alaska Air Group Inc: up 0.3 pct ** Spirit Airlines Inc: down 0.7 pct American Airlines cuts fourth-quarter estimate for revenue metric U.S. airlines: American Airlines forecast cut causes turbulence ** MongoDB Inc: down 9.4 pct Shares dive as Amazon encroaches ** Boeing Co: up 1.6 pct MS sees compounding growth, upgrades to 'overweight' Airbus loses to Boeing in annual jet order race ** Ford Motor Co: down 1.1 pct Gains after announcing European turnaround plan Ford Europe to slash thousands of jobs in turnaround plan Ford does not rule out plant closures in Europe as part of overhaul ** Yelp Inc: down 5.2 pct MS downgrades on lower monetization, negative revisions ahead ** Snap Inc: down 1.0 pct Cowen upgrades on improving ad buyer trends ** Diana Containerships Inc: up 35.6 pct Jumps on $6 mln share buyback plan ** Cancer Genetics Inc: down 27.6 pct Drops on stock offering ** Superior Energy Services Inc: down 7.0 pct ** Keane Group Inc: down 2.7 pct ** Weatherford International Inc: down 3.4 pct ** Teekay Offshore Partners LP: down 10.3 pct ** Teekay Tankers Ltd: down 2.3 pct Smaller oilfield service cos tank on slew of broker actions ** Constellation Brands Inc: up 6.1 pct Co to outperform even if pot bet yields no return ** Simulations Plus Inc: down 0.9 pct Co reports first quarter results ** Alphabet Inc: down 0.8 pct Google can limit 'right to be forgotten' to EU says top court adviser ** Veritone Inc: up 16.2 pct BUZZ: Expects higher Q4 revenue, shares rise ** Gridsum Holding Inc: down 3.1 pct Co expands relationship with nike ** Precipio Inc: up 46.7 pct Jumps after winning first order for cancer testing tech ** PLDT Inc: up 3.6 pct GMA network enters into an agreement with PLDT ** PAVmed Inc: down 13.8 pct PAVmed Provides Business Update ** Pretium Resources Inc: down 3.5 pct Falls on lower-than-expected FY gold output at Brucejack mine ** MGM Resorts International: up 1.7 pct Rises on report of Starboard building stake The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy's Inc and concerns over progress in the U.S.-China trade talks were offset by gains in Boeing. The top three S&P 500 percentage gainers: ** Constellation Brands Inc, up 6.1 pct ** PG&E Corp, up 4.8 pct ** Newell Brands Inc, up 3.4 pct The top three S&P 500 percentage losers: ** Macy's Inc, down 18.7 pct ** Kohl's Corp, down 6.8 pct ** American Airlines Group Inc, down 6.4 pct The top three NYSE percentage gainers: ** Volt Information Sciences Inc, up 31.9 pct ** BK Technologies Inc, up 24.5 pct ** 500.Com Ltd, up 20.6 pct The top three NYSE percentage losers: ** Macy's Inc, down 18.7 pct ** e.l.f Beauty Inc, down 16.3 pct ** FTE Networks Inc, down 14.9 pct The top three Nasdaq percentage gainers: ** Luokung Technology Co, up 272.7 pct ** Organogenesis Holdings Inc, up 142.9 pct ** Simplicity Esports and Gaming Co, up 65.2 pct The top three Nasdaq percentage losers: ** Phunware Inc, down 38.6 pct ** China SXT Pharmaceuticals Inc, down 36.4 pct ** Wins Finance Holdings Inc, down 32.1 pct ** Bed Bath & Beyond Inc: up 10.3 pct Soars on forecast, analyst says not in recovery mode yet Bed Bath & Beyond forecasts 2019 profit ahead of estimates, shares jump ** Macy's Inc: down 18.7 pct ** JC Penney Co Inc: down 4.9 pct ** Kohl's Corp: down 6.8 pct ** Target Corp: down 3.7 pct Retailers plunge on disappointing holiday sales from department stores Department store stocks tumble on downbeat holiday sales Target's holiday season comparable sales up 5.7 pct Macy's shares plunge as weak holiday sales prompt forecast cut ** Barnes & Noble Inc: down 11.1 pct Holiday promotional activity to impact earnings ** e.l.f. Beauty Inc: down 16.3 pct ** Estee Lauder Companies Inc: down 2.4 pct e.l.f.
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6774.0
|
2019-01-10 00:00:00 UTC
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Earnings Estimates for Q4 2018 Move Downward
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AAL
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https://www.nasdaq.com/articles/earnings-estimates-for-q4-2018-move-downward-2019-01-10
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nan
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nan
|
We're certainly not above tooting our own horn here at Zacks, but we try to be somewhat dignified about it when we do - and only when it's truly justified. Currently, we see ourselves with an excellent opportunity to crow about the developing trend in the stock market first spied by Zacks' Director of Research Sheraz Mian, who has been talking abou t earnings estimates coming down for a notable amount of companies in the S&P 500 recently.
Back on December 12th of last year, Sheraz had this to say: "The magnitude of negative revisions that we have seen for 2018 Q4 is not unusual in a historical sense, though it is high and more widespread relative to what we have been seeing over the preceding three quarters." Two days later, he put out this statement: "Earnings estimates for 2018 Q4 and full-year 2019 have been coming down lately, but they likely have more to go down given the headwinds."
This is the sort of information that can really give a leg-up to investors who are paying attention. For instance, those who've been blindsided this morning by lowered guidance from Macy's M - down 18% in the premarket ahead of its Q4 2019 report, expected later in the Q4 earnings season cycle - or slow holiday sales growth from Kohl's KSS - down 9% this morning - were likely not paying heed to Sheraz's warnings about the S&P 500 as a whole.
Fortunately for us all, his latest Earnings Trends piece came out yesterday afternoon, and it is again well worth reading. In it, he brings particular perspective regarding where we are with companies' growth projections: "Total Q4 earnings for the S&P 500 index are expected to be up +10.7% from the same period last year, on +5.2% higher revenues. This represents a notable deceleration from the average +25% earnings growth in the first three quarters of 2018."
Lest we think all the downward pressure rests on the Retail industry, we're also seeing American Airlines AAL ratchet down guidance, pushing shares down 7% in today's early trading. And all this without yet mentioning Apple AAPL , with the warning heard 'round the world last week, and its first lowered revenue projection mid-quarter in recent memory.
Not all new is bad this morning, however: Initial Jobless Claims sank back to 216K - within the historically low 200-225K range we enjoyed for most of 2018, bottoming near 200K four months ago. These week-to-week figures had been inching higher, such as last week's read of (upwardly revised) 233K, but always seem to tack back down to the range consistent with a very robust U.S. labor market.
Continuing Claims also went down a tad, to 1.722 million from 1.75 million in the last read. These figures are off the lows we saw back in late summer/early autumn last year, but remain at extremely healthy workforce levels.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
Macy's, Inc. (M): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Lest we think all the downward pressure rests on the Retail industry, we're also seeing American Airlines AAL ratchet down guidance, pushing shares down 7% in today's early trading. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, we see ourselves with an excellent opportunity to crow about the developing trend in the stock market first spied by Zacks' Director of Research Sheraz Mian, who has been talking abou t earnings estimates coming down for a notable amount of companies in the S&P 500 recently.
|
Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report To read this article on Zacks.com click here. Lest we think all the downward pressure rests on the Retail industry, we're also seeing American Airlines AAL ratchet down guidance, pushing shares down 7% in today's early trading. Zacks Investment Research 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 get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report To read this article on Zacks.com click here. Lest we think all the downward pressure rests on the Retail industry, we're also seeing American Airlines AAL ratchet down guidance, pushing shares down 7% in today's early trading. Currently, we see ourselves with an excellent opportunity to crow about the developing trend in the stock market first spied by Zacks' Director of Research Sheraz Mian, who has been talking abou t earnings estimates coming down for a notable amount of companies in the S&P 500 recently.
|
Lest we think all the downward pressure rests on the Retail industry, we're also seeing American Airlines AAL ratchet down guidance, pushing shares down 7% in today's early trading. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report To read this article on Zacks.com click here. In it, he brings particular perspective regarding where we are with companies' growth projections: "Total Q4 earnings for the S&P 500 index are expected to be up +10.7% from the same period last year, on +5.2% higher revenues.
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6775.0
|
2019-01-10 00:00:00 UTC
|
Companies Lower Guidance Ahead of Q4 Earnings
|
AAL
|
https://www.nasdaq.com/articles/companies-lower-guidance-ahead-q4-earnings-2019-01-10
|
nan
|
nan
|
Thursday, January 10, 2019
We're certainly not above tooting our own horn here at Zacks, but we try to be somewhat dignified about it when we do - and only when it's truly justified. Currently, we see ourselves with an excellent opportunity to crow about the developing trend in the stock market first spied by Zacks' Director of Research Sheraz Mian, who has been talking abou t earnings estimates coming down for a notable amount of companies in the S&P 500 recently.
Back on December 12th of last year, Sheraz had this to say: "The magnitude of negative revisions that we have seen for 2018 Q4 is not unusual in a historical sense, though it is high and more widespread relative to what we have been seeing over the preceding three quarters." Two days later, he put out this statement: "Earnings estimates for 2018 Q4 and full-year 2019 have been coming down lately, but they likely have more to go down given the headwinds."
This is the sort of information that can really give a leg-up to investors who are paying attention. For instance, those who've been blindsided this morning by lowered guidance from Macy's M - down 18% in the premarket ahead of its Q4 2019 report, expected later in the Q4 earnings season cycle - or slow holiday sales growth from Kohl's KSS - down 9% this morning - were likely not paying heed to Sheraz's warnings about the S&P 500 as a whole.
Fortunately for us all, his latest Earnings Trends piece came out yesterday afternoon, and it is again well worth reading: 3 Key Charts for Q4 Earnings Season . In it, he brings particular perspective regarding where we are with companies' growth projections: "Total Q4 earnings for the S&P 500 index are expected to be up +10.7% from the same period last year, on +5.2% higher revenues. This represents a notable deceleration from the average +25% earnings growth in the first three quarters of 2018."
Lest we think all the downward pressure rests on the Retail industry, we're also seeing American Airlines AAL ratchet down guidance, pushing shares down 7% in today's early trading. And all this without yet mentioning Apple AAPL , with the warning heard 'round the world last week, and its first lowered revenue projection mid-quarter in recent memory.
Not all new is bad this morning, however: Initial Jobless Claims sank back to 216K - within the historically low 200-225K range we enjoyed for most of 2018, bottoming near 200K four months ago. These week-to-week figures had been inching higher, such as last week's read of (upwardly revised) 233K, but always seem to tack back down to the range consistent with a very robust U.S. labor market.
Continuing Claims also went down a tad, to 1.722 million from 1.75 million in the last read. These figures are off the lows we saw back in late summer/early autumn last year, but remain at extremely healthy workforce levels.
Mark Vickery
Senior Editor
Questions or comments about this article and/or its author? Click here>>
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Macy's, Inc. (M): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lest we think all the downward pressure rests on the Retail industry, we're also seeing American Airlines AAL ratchet down guidance, pushing shares down 7% in today's early trading. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, we see ourselves with an excellent opportunity to crow about the developing trend in the stock market first spied by Zacks' Director of Research Sheraz Mian, who has been talking abou t earnings estimates coming down for a notable amount of companies in the S&P 500 recently.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Lest we think all the downward pressure rests on the Retail industry, we're also seeing American Airlines AAL ratchet down guidance, pushing shares down 7% in today's early trading. Zacks Investment Research Want the latest recommendations from Zacks Investment Research?
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Lest we think all the downward pressure rests on the Retail industry, we're also seeing American Airlines AAL ratchet down guidance, pushing shares down 7% in today's early trading. Currently, we see ourselves with an excellent opportunity to crow about the developing trend in the stock market first spied by Zacks' Director of Research Sheraz Mian, who has been talking abou t earnings estimates coming down for a notable amount of companies in the S&P 500 recently.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Lest we think all the downward pressure rests on the Retail industry, we're also seeing American Airlines AAL ratchet down guidance, pushing shares down 7% in today's early trading. These figures are off the lows we saw back in late summer/early autumn last year, but remain at extremely healthy workforce levels.
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6776.0
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2019-01-10 00:00:00 UTC
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5 Dirt Cheap Big Cap Stocks to Buy Now
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AAL
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https://www.nasdaq.com/articles/5-dirt-cheap-big-cap-stocks-buy-now-2019-01-10
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nan
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nan
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(1: 00 ) - Large Cap Value Stocks: Stock Screener Criteria
(6: 15 ) - Tracey's Top Stock Picks
(17: 45 ) - Episode Roundup: AAL, UAL, DISCA, CVS, DELL
Podcast@Zacks.com
Welcome to Episode #125 of the Value Investor Podcast
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service , shares some of her top value investing tips and stock picks.
2018 couldn't end fast enough for investors as a stock market correction roiled Wall Street in the final weeks of the year.
But corrections also produce opportunities for value investors to buy stocks even cheaper.
A Basic Screen for Cheap Big Cap Stocks
Keep it simple. Look for stocks with a forward P/E less than 10 and a market cap above $10 billion.
Then, add on the Zacks Ranks of #1 (Strong Buy) and #2 (Buy) so that there will be nice upward estimate revisions.
This screen returned 22 stocks.
5 Dirt Cheap Big Cap Stocks
1. American Airlines AAL is one of the cheap airlines right now. Shareshave fallen 9% in the last 3 months. While earnings are expected to fall 6.4% in 2018 analysts expect a 22% rebound in 2019. It's really cheap right now, with a forward P/E of just 5.9.
2. United Continental Holdings UAL has been holding its own during the correction. Shares are down only 1.5% in the last 3 months. The earnings picture looks a little brighter than its competitor American, as earnings are expected to be up double digits in both 2018 and 2019. It's trading with a forward P/E of just 8.
3. Discovery, Inc. DISCA owns the popular cable channels HGTV, Travel Channel, Animal Planet and Oprah's OWN. Shares are off 17% in the last 3 months even though analysts are looking for 61% earnings growth in 2019. It has a forward P/E of 7.6.
4. CVS CVS recently closed on its acquisition of Aetna, so it now operates one of the largest managed insurers in the United States. Will this combination prove a success? The Street isn't buying it as shares are down 14% in the last 3 months but that means it's cheap, with a forward P/E of 9.
5. Dell Technologies DELL is back. After 5 years in private hands it has recently gone public. While it's still early, Zacks has some analyst estimates on it already which has produced a forward P/E of only 7.1. Shares are down off their IPO debut price.
What else should you be looking for to find the best dirt-cheap big cap stocks?
Find out on this week's episode.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Discovery, Inc. (DISCA): Free Stock Analysis Report
CVS Health Corporation (CVS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(1: 00 ) - Large Cap Value Stocks: Stock Screener Criteria (6: 15 ) - Tracey's Top Stock Picks (17: 45 ) - Episode Roundup: AAL, UAL, DISCA, CVS, DELL Podcast@Zacks.com Welcome to Episode #125 of the Value Investor Podcast Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service , shares some of her top value investing tips and stock picks. American Airlines AAL is one of the cheap airlines right now. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Discovery, Inc. (DISCA): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report To read this article on Zacks.com click here.
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(1: 00 ) - Large Cap Value Stocks: Stock Screener Criteria (6: 15 ) - Tracey's Top Stock Picks (17: 45 ) - Episode Roundup: AAL, UAL, DISCA, CVS, DELL Podcast@Zacks.com Welcome to Episode #125 of the Value Investor Podcast Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service , shares some of her top value investing tips and stock picks. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Discovery, Inc. (DISCA): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL is one of the cheap airlines right now.
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(1: 00 ) - Large Cap Value Stocks: Stock Screener Criteria (6: 15 ) - Tracey's Top Stock Picks (17: 45 ) - Episode Roundup: AAL, UAL, DISCA, CVS, DELL Podcast@Zacks.com Welcome to Episode #125 of the Value Investor Podcast Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service , shares some of her top value investing tips and stock picks. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Discovery, Inc. (DISCA): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL is one of the cheap airlines right now.
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(1: 00 ) - Large Cap Value Stocks: Stock Screener Criteria (6: 15 ) - Tracey's Top Stock Picks (17: 45 ) - Episode Roundup: AAL, UAL, DISCA, CVS, DELL Podcast@Zacks.com Welcome to Episode #125 of the Value Investor Podcast Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service , shares some of her top value investing tips and stock picks. American Airlines AAL is one of the cheap airlines right now. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Discovery, Inc. (DISCA): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report To read this article on Zacks.com click here.
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6777.0
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2019-01-10 00:00:00 UTC
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Wall St inches lower on Powell's comments, retail weakness
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AAL
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https://www.nasdaq.com/articles/wall-st-inches-lower-powells-comments-retail-weakness-2019-01-10
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nan
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nan
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By Sruthi Shankar
Jan 10 () - U.S. stocks edged lower on Thursday after Federal Reserve Chairman Jerome Powell said the central bank would continue unwinding its balance sheet, adding to weakness in the markets under pressure from a retail selloff.
While Powell reiterated the views of other policymakers that the Fed would be patient about interest rate hikes, he said the bank's balance sheet would be "substantially smaller" and raised concerns about the size of U.S. debt.
"But he also made a statement about the amount of budget deficit and the national debt rising and that's what spooked the market a little bit. It's more of a commentary on the entire economy as a whole."
The S&P 500 is on track to end a four-day rally, which was sparked by a strong U.S. jobs data, easing fears of higher interest rates and rising hopes of a trade deal.
However, trade-related optimism faded on Thursday as China offered little details on key issues such as forced technology transfers, intellectual property rights, tariff barriers and cyber attacks.
The lack of clarity, coupled with weak economic data in China and France, rekindled worries about global growth.
Closer home, reports from Macy's and American Airlines added to fears of corporate profit growth shrinking, which was exacerbated after Apple's sales warning last week.
"Most of what's driving the pullback is headline risks on the lack of a formal trade policy deal," said Matt Forester, chief investment officer at BNY Mellon's Lockwood Advisors in King of Prussia, PA.
"We're about to go into the earnings season and it's going to be a tug of war between relatively good results versus what the forward guidance is going to look like."
Macy's Inc plunged 18.9 percent after the department store operator cut same-store sales forecast for the full-year due to weak demand during mid-December.
The report, along with that of Kohl's Corp and others, pushed the S&P 500 retailers index 1.23 percent lower.
At 1:48 p.m. ET the Dow Jones Industrial Average was down 38.89 points, or 0.16 percent, at 23,840.23, the S&P 500 was down 6.66 points, or 0.26 percent, at 2,578.30 and the Nasdaq Composite was down 25.05 points, or 0.36 percent, at 6,932.02.
The trade-sensitive industrial stocks however rose 0.54 percent, lifted by Boeing Co, which gained 1.8 percent after the U.S. Air Force accepted its long-delayed KC-46 air tanker.
American Airlines Group Inc fell 6.1 percent after the No.1 U.S. carrier cut its fourth-quarter profit and unit revenue forecasts. That weighed on other airlines as well.
Declining issues outnumbered advancers for a 1.22-to-1 ratio on the NYSE and for a 1.42-to-1 ratio on the Nasdaq.
The S&P index recorded no new 52-week highs and one new low, while the Nasdaq recorded 17 new highs and 9 new lows.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Sruthi Shankar Jan 10 () - U.S. stocks edged lower on Thursday after Federal Reserve Chairman Jerome Powell said the central bank would continue unwinding its balance sheet, adding to weakness in the markets under pressure from a retail selloff. However, trade-related optimism faded on Thursday as China offered little details on key issues such as forced technology transfers, intellectual property rights, tariff barriers and cyber attacks. "Most of what's driving the pullback is headline risks on the lack of a formal trade policy deal," said Matt Forester, chief investment officer at BNY Mellon's Lockwood Advisors in King of Prussia, PA. "We're about to go into the earnings season and it's going to be a tug of war between relatively good results versus what the forward guidance is going to look like."
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Closer home, reports from Macy's and American Airlines added to fears of corporate profit growth shrinking, which was exacerbated after Apple's sales warning last week. The report, along with that of Kohl's Corp and others, pushed the S&P 500 retailers index 1.23 percent lower. The S&P index recorded no new 52-week highs and one new low, while the Nasdaq recorded 17 new highs and 9 new lows.
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By Sruthi Shankar Jan 10 () - U.S. stocks edged lower on Thursday after Federal Reserve Chairman Jerome Powell said the central bank would continue unwinding its balance sheet, adding to weakness in the markets under pressure from a retail selloff. ET the Dow Jones Industrial Average was down 38.89 points, or 0.16 percent, at 23,840.23, the S&P 500 was down 6.66 points, or 0.26 percent, at 2,578.30 and the Nasdaq Composite was down 25.05 points, or 0.36 percent, at 6,932.02. The trade-sensitive industrial stocks however rose 0.54 percent, lifted by Boeing Co, which gained 1.8 percent after the U.S. Air Force accepted its long-delayed KC-46 air tanker.
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By Sruthi Shankar Jan 10 () - U.S. stocks edged lower on Thursday after Federal Reserve Chairman Jerome Powell said the central bank would continue unwinding its balance sheet, adding to weakness in the markets under pressure from a retail selloff. While Powell reiterated the views of other policymakers that the Fed would be patient about interest rate hikes, he said the bank's balance sheet would be "substantially smaller" and raised concerns about the size of U.S. debt. Closer home, reports from Macy's and American Airlines added to fears of corporate profit growth shrinking, which was exacerbated after Apple's sales warning last week.
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6778.0
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2019-01-10 00:00:00 UTC
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3 Airline Stocks on the Verge of Breakdowns
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AAL
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https://www.nasdaq.com/articles/3-airline-stocks-verge-breakdowns-2019-01-10
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The market is on the mend, but not all stocks are being buoyed up by the rebound. We're witnessing a sifting of sorts between companies that were unjustly beaten and those that deserve further spanks. Unfortunately, for transportation enthusiasts, airline stocks find themselves among the latter group.
Indeed, as I survey my watchlist this morning, I'm seeing many leading airline stocks careening lower. Blame for the sudden plunge lies with American Airlines (NYSE: AAL ) which just slashed their profit forecast citing lower than expected domestic fares. Previously, fellow carrier, Delta Air Lines (NYSE: DAL ), had lowered its revenue projections for 2018 so today's AAL comments are simply adding fuel to an already burning fire.
10 Key Emerging-Market Stocks to Buy for Contrarian Investors
On the technical front, airline stocks are showing major signs of weakness, and many have breakdowns looming. Here are the three that look the most concerning.
American Airlines (AAL)
Click to Enlarge
Source: ThinkorSwim
Traders heeding the message broadcast in American Airlines price chart have received many warnings throughout 2018. Ever since breaking below the 200-day moving average last March, AAL stock has been cruising lower. And with its shares down almost 50% since last year's peak, the earnings slowdown has obviously been priced-in to a certain extent.
The million dollar question is whether more bloodletting is in order before the deteriorating fundamentals have been adequately baked in. For now, I suggest letting the technicals be your guide.
$30 is a pivotal price threshold that is being tested once more with today's 10% plunge. If you're looking to deploy bearish trades, I suggest waiting for this support to give way before pulling the trigger.
Delta Airlines (DAL)
Click to Enlarge
Source: ThinkorSwim
This morning's gloom is weighing on Delta. Though, at the time of this writing, it has rebounded nicely and is only down 2.4% on the session. While DAL stock is well off its 2018 highs, the damage hasn't been near as bad as that inflicted on AAL shares. So if you're looking for the weakest of the bunch, stick with AAL.
The trend of DAL is currently pointing lower, complete with descending 50-day and 20-day moving averages. With significant support looming near $45 I suggest waiting for a breakdown before deploying a bear play. That or a rally back toward $50 to create a nice retracement setup. Either way, with the stock in the middle of its recent range, I see little edge here one way or the other.
7 Stocks at Risk of the Global Smartphone Slowdown
Earnings is coming around the corner on January 15th, so wait for the release to provide more directional clarity before deploying your dough.
United Continental (UAL)
Click to Enlarge
Source: ThinkorSwim
With today's gap lower, United Continental (NYSE: UAL ) is on the cusp of completing a multi-month topping pattern. The December plunge carried UAL stock back to its 200-day moving average and essential horizontal support near $79. This is the fourth such support test in the past three weeks, so I suspect the floor is weakening.
The next earnings report is scheduled for Jan. 15 making it challenging to place new trades right here. Rest assured volatility will be elevated following the event so even a clean setup like the current breakdown pattern could turn messy.
Nonetheless, UAL should be on your list of bear ideas if it breaches $79.
As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently releasedBear Market Survival Guideto learn how to defend your portfolio against market volatility.
More From InvestorPlace
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Compare Brokers
The post 3 Airline Stocks on the Verge of Breakdowns 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 views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Blame for the sudden plunge lies with American Airlines (NYSE: AAL ) which just slashed their profit forecast citing lower than expected domestic fares. Previously, fellow carrier, Delta Air Lines (NYSE: DAL ), had lowered its revenue projections for 2018 so today's AAL comments are simply adding fuel to an already burning fire. American Airlines (AAL) Click to Enlarge Source: ThinkorSwim Traders heeding the message broadcast in American Airlines price chart have received many warnings throughout 2018.
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American Airlines (AAL) Click to Enlarge Source: ThinkorSwim Traders heeding the message broadcast in American Airlines price chart have received many warnings throughout 2018. Blame for the sudden plunge lies with American Airlines (NYSE: AAL ) which just slashed their profit forecast citing lower than expected domestic fares. Previously, fellow carrier, Delta Air Lines (NYSE: DAL ), had lowered its revenue projections for 2018 so today's AAL comments are simply adding fuel to an already burning fire.
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Blame for the sudden plunge lies with American Airlines (NYSE: AAL ) which just slashed their profit forecast citing lower than expected domestic fares. Previously, fellow carrier, Delta Air Lines (NYSE: DAL ), had lowered its revenue projections for 2018 so today's AAL comments are simply adding fuel to an already burning fire. American Airlines (AAL) Click to Enlarge Source: ThinkorSwim Traders heeding the message broadcast in American Airlines price chart have received many warnings throughout 2018.
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Blame for the sudden plunge lies with American Airlines (NYSE: AAL ) which just slashed their profit forecast citing lower than expected domestic fares. Previously, fellow carrier, Delta Air Lines (NYSE: DAL ), had lowered its revenue projections for 2018 so today's AAL comments are simply adding fuel to an already burning fire. American Airlines (AAL) Click to Enlarge Source: ThinkorSwim Traders heeding the message broadcast in American Airlines price chart have received many warnings throughout 2018.
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6779.0
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2019-01-10 00:00:00 UTC
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Ford Cuts Jobs, Macy's & Kohl's Disappoint: What You Should Know
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AAL
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https://www.nasdaq.com/articles/ford-cuts-jobs-macys-kohls-disappoint-what-you-should-know-2019-01-10
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nan
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nan
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On today's episode of Free Lunch, Ryan McQueeney recaps Ford's job cut, earnings from Bed Bath & Beyond, and holiday sales results for Macy's and Kohl's. Later, he chats with Dave Bartosiak about the state of auto stocks and what to expect from Q4 earnings season after several key guidance cuts.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
Free Lunch is presented by Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Twitter, and other major streaming platforms.
Stocks were mixed in morning trading today, as investors had plenty of varied news to digest on the back of the S&P 500's longest winning streak in months.
Notably, Ford F announced a major restructuring plan for its European division. The U.S. auto giant is hoping that it can achieve a 6% operating margin on the continent, and to do that, it will slash thousands of jobs and reconsider a variety of operations. The move comes after rival General Motors GM sold off some its European units.
Meanwhile, the retail sector was buzzing today on the release o f earnings reports and holiday sales results. Bed Bath & Beyond BBBY surged in early trading after impressing in its latest quarter, beating EPS estimates, and announcing that it was ahead of long-term financial targets. On the other hand, shares of Macy's M and Kohl's KSS were sharply lower after the department stores announced their November and December sales figures.
On the first half of today's program, Ryan recaps the key facts from each of the above stories. Later, he is joined by Dave Bartosiak to further discuss the news.
With the disappointing guidance of retailers such as Macy's and Kohl's, as well as Apple AAPL and American Airlines AAL , in mind, Ryan asked Dave whether investors should be worried about the upcoming Q4 earnings season.
Dave argued that he expects the season to be a "kitchen sink" quarter, wherein companies will try to flush out all of their write-offs and trade war excuses at once in order to better manage expectations going forward. This could create near-term pressure for share prices, but it's also possible that Wall Street was pricing in this type of quarter in December, according to Dave.
Dave also chimed in on the state of the U.S. auto industry after Ford's new announcement. In Dave's view, Ford's European restructuring is a symptom of the company's ongoing transformation into a future-minded brand. This forward-looking mindset is new for Ford, and with that comes uncertainty and growing pains, Dave said.
Want to hear more about Dave's expectations for earnings season and the near-term future of Ford? Make sure to check out today's episode of Free Lunch!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Ford Motor Company (F): Free Stock Analysis Report
General Motors Company (GM): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
Macy's, Inc. (M): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With the disappointing guidance of retailers such as Macy's and Kohl's, as well as Apple AAPL and American Airlines AAL , in mind, Ryan asked Dave whether investors should be worried about the upcoming Q4 earnings season. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report To read this article on Zacks.com click here. On today's episode of Free Lunch, Ryan McQueeney recaps Ford's job cut, earnings from Bed Bath & Beyond, and holiday sales results for Macy's and Kohl's.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report To read this article on Zacks.com click here. With the disappointing guidance of retailers such as Macy's and Kohl's, as well as Apple AAPL and American Airlines AAL , in mind, Ryan asked Dave whether investors should be worried about the upcoming Q4 earnings season. On today's episode of Free Lunch, Ryan McQueeney recaps Ford's job cut, earnings from Bed Bath & Beyond, and holiday sales results for Macy's and Kohl's.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report To read this article on Zacks.com click here. With the disappointing guidance of retailers such as Macy's and Kohl's, as well as Apple AAPL and American Airlines AAL , in mind, Ryan asked Dave whether investors should be worried about the upcoming Q4 earnings season. On today's episode of Free Lunch, Ryan McQueeney recaps Ford's job cut, earnings from Bed Bath & Beyond, and holiday sales results for Macy's and Kohl's.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report To read this article on Zacks.com click here. With the disappointing guidance of retailers such as Macy's and Kohl's, as well as Apple AAPL and American Airlines AAL , in mind, Ryan asked Dave whether investors should be worried about the upcoming Q4 earnings season. On today's episode of Free Lunch, Ryan McQueeney recaps Ford's job cut, earnings from Bed Bath & Beyond, and holiday sales results for Macy's and Kohl's.
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6780.0
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2019-01-10 00:00:00 UTC
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Market Close Report: NASDAQ Composite index closes at 6,986.07 up 28.99 points
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AAL
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https://www.nasdaq.com/articles/market-close-report-nasdaq-composite-index-closes-698607-2899-points-2019-01-10
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nan
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nan
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Thursday's session closes with the NASDAQ Composite Index at 6,986.07. The total shares traded for the NASDAQ was over 2.13 billion.
Advancers stocks led declining by 1.18 to 1 ratio. There were 1684 advancers and 1424 decliners for the day. On the NASDAQ Stock Exchange 8 stocks reached a 52 week high and 8 those reaching lows totaled. The most active, advancers, decliners, unusual volume and most active by dollar volume can be monitored intraday on the Most Active Stocks page.
The NASDAQ 100 index closed up .31% for the day; a total of 20.25 points. The current value is 6,620.94. American Airlines Group, Inc. ( AAL ) had the largest percent change down (-4.13%) while Henry Schein, Inc. ( HSIC ) had the largest percent change gain rising 4.05%.
The Dow Jones index closed up .51% for the day; a total of 122.8 points. The current value is 24,001.92. Pfizer, Inc. ( PFE ) had the largest percent change down (-2.38%) while Boeing Company (The) ( BA ) had the largest percent change gain rising 2.55%.
NASDAQ Market Wrap
As of 1/10/2019 4:44:02 PM
BILLIONS OF 2.13 NASDAQ SHARES TRADED TODAY 8 STOCKS REACHED A 52 WEEK HIGH 8 THOSE REACHING LOWS TOTALEDHenry Schein, Inc. [HSIC]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.05 ROSE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. ( AAL ) had the largest percent change down (-4.13%) while Henry Schein, Inc. ( HSIC ) had the largest percent change gain rising 4.05%. The Dow Jones index closed up .51% for the day; a total of 122.8 points. NASDAQ Market Wrap As of 1/10/2019 4:44:02 PM BILLIONS OF 2.13 NASDAQ SHARES TRADED TODAY 8 STOCKS REACHED A 52 WEEK HIGH 8 THOSE REACHING LOWS TOTALEDHenry Schein, Inc. [HSIC]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.05 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. ( AAL ) had the largest percent change down (-4.13%) while Henry Schein, Inc. ( HSIC ) had the largest percent change gain rising 4.05%. On the NASDAQ Stock Exchange 8 stocks reached a 52 week high and 8 those reaching lows totaled. NASDAQ Market Wrap As of 1/10/2019 4:44:02 PM BILLIONS OF 2.13 NASDAQ SHARES TRADED TODAY 8 STOCKS REACHED A 52 WEEK HIGH 8 THOSE REACHING LOWS TOTALEDHenry Schein, Inc. [HSIC]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.05 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. ( AAL ) had the largest percent change down (-4.13%) while Henry Schein, Inc. ( HSIC ) had the largest percent change gain rising 4.05%. On the NASDAQ Stock Exchange 8 stocks reached a 52 week high and 8 those reaching lows totaled. The most active, advancers, decliners, unusual volume and most active by dollar volume can be monitored intraday on the Most Active Stocks page.
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American Airlines Group, Inc. ( AAL ) had the largest percent change down (-4.13%) while Henry Schein, Inc. ( HSIC ) had the largest percent change gain rising 4.05%. There were 1684 advancers and 1424 decliners for the day. The NASDAQ 100 index closed up .31% for the day; a total of 20.25 points.
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6781.0
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2019-01-10 00:00:00 UTC
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US STOCKS-Wall St inches lower on Powell's comments, retail weakness
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-inches-lower-powells-comments-retail-weakness-2019-01-10
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nan
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* Weak holiday numbers roil retail stocks
* Airline stocks fall after No.1 U.S. carrier cuts forecasts
* Powell says no preset path for interest rate hikes
By Sruthi Shankar
Jan 10 (Reuters) - U.S. stocks edged lower on Thursday afterFederal Reserve Chairman Jerome Powell said the central bankwould continue unwinding its balance sheet, adding to weaknessin the markets under pressure from a retail selloff.
While Powell reiterated the views of other policymakers thatthe Fed would be patient about interest rate hikes, he said thebank's balance sheet would be "substantially smaller" and raisedconcerns about the size of U.S. debt.
"He reiterated his statements that helped the market a fewdays ago which was that the Fed is not on a preset course tohike rate," said Randy Frederick, vice president of trading andderivatives for Charles Schwab in Austin.
"But he also made a statement about the amount of budgetdeficit and the national debt rising and that's what spooked themarket a little bit. It's more of a commentary on the entireeconomy as a whole."
The S&P 500 .SPX is on track to end a four-day rally,which was sparked by a strong U.S. jobs data, easing fears ofhigher interest rates and rising hopes of a trade deal.
However, trade-related optimism faded on Thursday as Chinaoffered little details on key issues such as forced technologytransfers, intellectual property rights, tariff barriers andcyber attacks.
The lack of clarity, coupled with weak economic data inChina and France, rekindled worries about global growth.
Closer home, reports from Macy's and American Airlines addedto fears of corporate profit growth shrinking, which wasexacerbated after Apple's sales warning last week.
"Most of what's driving the pullback is headline risks onthe lack of a formal trade policy deal," said Matt Forester,chief investment officer at BNY Mellon's Lockwood Advisors inKing of Prussia, PA.
"We're about to go into the earnings season and it's goingto be a tug of war between relatively good results versus whatthe forward guidance is going to look like."
Macy's IncM.N plunged 18.9 percent after the departmentstore operator cut same-store sales forecast for the full-yeardue to weak demand during mid-December.
The report, along with that of Kohl's CorpKSS.N andothers, pushed the S&P 500 retailers index .SPXRT 1.23 percentlower.
At 1:48 p.m. ET the Dow Jones Industrial Average .DJI wasdown 38.89 points, or 0.16 percent, at 23,840.23, the S&P 500 .SPX was down 6.66 points, or 0.26 percent, at 2,578.30 andthe Nasdaq Composite .IXIC was down 25.05 points, or 0.36percent, at 6,932.02.
The trade-sensitive industrial stocks .SPLRCI however rose0.54 percent, lifted by Boeing CoBA.N , which gained 1.8percent after the U.S. Air Force accepted its long-delayed KC-46air tanker.
American Airlines Group IncAAL.O fell 6.1 percent afterthe No.1 U.S. carrier cut its fourth-quarter profit and unitrevenue forecasts. That weighed on other airlines as well.
Declining issues outnumbered advancers for a 1.22-to-1 ratioon the NYSE and for a 1.42-to-1 ratio on the Nasdaq.
The S&P index recorded no new 52-week highs and one new low,while the Nasdaq recorded 17 new highs and 9 new lows. (Reporting by Sruthi Shankar and Medha Singh in Bengaluru;Editing by Saumyadeb Chakrabarty and Arun Koyyur) ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 2238780; outside U.S. +91 80 6749 6328; Reuters Messaging:sruthi.shankar.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group IncAAL.O fell 6.1 percent afterthe No.1 U.S. carrier cut its fourth-quarter profit and unitrevenue forecasts. While Powell reiterated the views of other policymakers thatthe Fed would be patient about interest rate hikes, he said thebank's balance sheet would be "substantially smaller" and raisedconcerns about the size of U.S. debt. "He reiterated his statements that helped the market a fewdays ago which was that the Fed is not on a preset course tohike rate," said Randy Frederick, vice president of trading andderivatives for Charles Schwab in Austin.
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American Airlines Group IncAAL.O fell 6.1 percent afterthe No.1 U.S. carrier cut its fourth-quarter profit and unitrevenue forecasts. * Weak holiday numbers roil retail stocks * Airline stocks fall after No.1 U.S. carrier cuts forecasts * Powell says no preset path for interest rate hikes By Sruthi Shankar Jan 10 (Reuters) - U.S. stocks edged lower on Thursday afterFederal Reserve Chairman Jerome Powell said the central bankwould continue unwinding its balance sheet, adding to weaknessin the markets under pressure from a retail selloff. The S&P 500 .SPX is on track to end a four-day rally,which was sparked by a strong U.S. jobs data, easing fears ofhigher interest rates and rising hopes of a trade deal.
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American Airlines Group IncAAL.O fell 6.1 percent afterthe No.1 U.S. carrier cut its fourth-quarter profit and unitrevenue forecasts. * Weak holiday numbers roil retail stocks * Airline stocks fall after No.1 U.S. carrier cuts forecasts * Powell says no preset path for interest rate hikes By Sruthi Shankar Jan 10 (Reuters) - U.S. stocks edged lower on Thursday afterFederal Reserve Chairman Jerome Powell said the central bankwould continue unwinding its balance sheet, adding to weaknessin the markets under pressure from a retail selloff. ET the Dow Jones Industrial Average .DJI wasdown 38.89 points, or 0.16 percent, at 23,840.23, the S&P 500 .SPX was down 6.66 points, or 0.26 percent, at 2,578.30 andthe Nasdaq Composite .IXIC was down 25.05 points, or 0.36percent, at 6,932.02.
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American Airlines Group IncAAL.O fell 6.1 percent afterthe No.1 U.S. carrier cut its fourth-quarter profit and unitrevenue forecasts. While Powell reiterated the views of other policymakers thatthe Fed would be patient about interest rate hikes, he said thebank's balance sheet would be "substantially smaller" and raisedconcerns about the size of U.S. debt. "But he also made a statement about the amount of budgetdeficit and the national debt rising and that's what spooked themarket a little bit.
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6782.0
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2019-01-10 00:00:00 UTC
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Why American Airlines Stock Fell More Than 5.3%
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-stock-fell-more-53-2019-01-10
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nan
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What happened
Shares of American Airlines (NASDAQ: AAL) are down 5.3% as of 1 p.m. EST -- and that's the good news. The bad news is that, at one point this morning, the stock was down closer to 11%, and sellers at that point will have suffered losses twice as big as what we're seeing now.
The plunge comes after the carrier filed an "investor update" with the Securities and Exchange Commission, advising that fourth-quarter total revenue per available seat mile ( TRASM ) is probably going to be up only 1.5% in comparison to last year's Q4.
So what
Shouldn't any increase at all be at least partially good news, though? Perhaps, but here's the thing: American Airlines had previously forecast that TRASM would increase between 1.5% and 3.5% this past quarter. The fact that it's looking likely to rise 1.5% means it may still reach that guidance range, but only by its fingernails.
American blamed "a lower than anticipated improvement over a strong fourth quarter of 2017 in the domestic market" for the weak results -- an explanation that really didn't reveal much. On the other hand, management also noted that available seat miles are likely to rise less than expected, to only 68.3 billion instead of the expected 68.4 billion, which suggests American may already be taking steps to limit capacity and thus reduce pressure on prices (as well as revenue and profits).
Now what
Speaking of profits, management warned that it's likely to end this year with earnings per share of $2.92-$3.12 and "adjusted" earnings of $4.40-$4.60. That latter number, which is the one Wall Street focuses on, appears all but certain to fall short of analysts' hoped-for $4.62 per share.
Long story short, that's probably the real reason its shares are down today: American is going to miss earnings.
10 stocks we like better than American Airlines Group
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David and Tom just revealed what they believe are the 10 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.
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Rich Smith 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of American Airlines (NASDAQ: AAL) are down 5.3% as of 1 p.m. EST -- and that's the good news. The plunge comes after the carrier filed an "investor update" with the Securities and Exchange Commission, advising that fourth-quarter total revenue per available seat mile ( TRASM ) is probably going to be up only 1.5% in comparison to last year's Q4. American blamed "a lower than anticipated improvement over a strong fourth quarter of 2017 in the domestic market" for the weak results -- an explanation that really didn't reveal much.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. What happened Shares of American Airlines (NASDAQ: AAL) are down 5.3% as of 1 p.m. EST -- and that's the good news. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and American Airlines Group wasn't one of them!
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What happened Shares of American Airlines (NASDAQ: AAL) are down 5.3% as of 1 p.m. EST -- and that's the good news. On the other hand, management also noted that available seat miles are likely to rise less than expected, to only 68.3 billion instead of the expected 68.4 billion, which suggests American may already be taking steps to limit capacity and thus reduce pressure on prices (as well as revenue and profits). 10 stocks we like better than American Airlines Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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What happened Shares of American Airlines (NASDAQ: AAL) are down 5.3% as of 1 p.m. EST -- and that's the good news. So what Shouldn't any increase at all be at least partially good news, though? Long story short, that's probably the real reason its shares are down today: American is going to miss earnings.
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6783.0
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2019-01-10 00:00:00 UTC
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Wall St seesaws higher after comments by Fed's Powell
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AAL
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https://www.nasdaq.com/articles/wall-st-seesaws-higher-after-comments-feds-powell-2019-01-10
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nan
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By Noel Randewich
Jan 10 () - Wall Street rose in a seesaw session on Thursday, tentatively on track for its fifth straight day of gains as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy's pummeled retail stocks.
Powell reiterated the views of other policymakers that the Fed would be patient about interest rate hikes. But major stock indexes temporarily moved into negative territory after Powell said the bank's balance sheet would be "substantially smaller," and after he raised concerns about the size of U.S. debt.
The S&P 500 is up about 10 percent from a 20-month low it touched around Christmas, lifted by hopes for a U.S.-Chinese trade deal, which eased some worries over the impact of the dispute on global growth.
If the S&P 500 ends the day in positive territory, it would be the fifth straight session of gains, its longest winning streak since September.
Trade-related optimism somewhat faded as China offered little in the way of details on key issues such as forced technology transfers, intellectual property rights, tariff barriers and cyber attacks.
The lack of clarity, coupled with weak economic data in China and France, rekindled worries about global growth.
In the United States, reports from Macy's and American Airlines added to fears that growth of corporate profits would shrink, concerns that were also exacerbated by Apple's sales warning last week.
Macy's Inc plunged 18 percent after the department store operator cut its same-store sales forecast for the full-year because of weak demand during mid-December.
S&P 500 companies on average are seen posting 14.5 percent growth in earnings per share as they report December-quarter results over the next few weeks, according to IBES data from Refinitiv. However, expectations for growth in 2019 stand at 6.4 percent, down from an expectation of 7.3 percent on Jan 1.
"It could be a good quarter, but maybe with more cautious outlooks until we get something that comes out of the trade negotiations," said Kurt Brunner, a portfolio manager at Swarthmore Group in Philadelphia. "There is a lot of uncertainty there."
At 2:53 p.m. EST, the Dow Jones Industrial Average was up 0.06 percent at 23,893.58 points, while the S&P 500 had gained 0.04 percent to 2,585.91.
The Nasdaq Composite was flat at 6,957.15.
Trade-sensitive industrial stocks rose 1.17 percent, lifted by Boeing Co, which gained 1.98 percent after the U.S. Air Force accepted its long-delayed KC-46 air tanker.
American Airlines Group Inc fell 4.09 percent after the No. 1 U.S. carrier cut its fourth-quarter profit and unit revenue forecasts. That weighed on other airline shares as well.
Advancing issues outnumbered declining ones on the NYSE by a 1.26-to-1 ratio; on the Nasdaq, a 1.04-to-1 ratio favored advancers.
The S&P 500 posted no new 52-week highs and one new low; the Nasdaq Composite recorded 18 new highs and 10 new lows.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Noel Randewich Jan 10 () - Wall Street rose in a seesaw session on Thursday, tentatively on track for its fifth straight day of gains as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy's pummeled retail stocks. Trade-related optimism somewhat faded as China offered little in the way of details on key issues such as forced technology transfers, intellectual property rights, tariff barriers and cyber attacks. In the United States, reports from Macy's and American Airlines added to fears that growth of corporate profits would shrink, concerns that were also exacerbated by Apple's sales warning last week.
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The lack of clarity, coupled with weak economic data in China and France, rekindled worries about global growth. In the United States, reports from Macy's and American Airlines added to fears that growth of corporate profits would shrink, concerns that were also exacerbated by Apple's sales warning last week. Trade-sensitive industrial stocks rose 1.17 percent, lifted by Boeing Co, which gained 1.98 percent after the U.S. Air Force accepted its long-delayed KC-46 air tanker.
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By Noel Randewich Jan 10 () - Wall Street rose in a seesaw session on Thursday, tentatively on track for its fifth straight day of gains as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy's pummeled retail stocks. However, expectations for growth in 2019 stand at 6.4 percent, down from an expectation of 7.3 percent on Jan 1. Trade-sensitive industrial stocks rose 1.17 percent, lifted by Boeing Co, which gained 1.98 percent after the U.S. Air Force accepted its long-delayed KC-46 air tanker.
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The S&P 500 is up about 10 percent from a 20-month low it touched around Christmas, lifted by hopes for a U.S.-Chinese trade deal, which eased some worries over the impact of the dispute on global growth. At 2:53 p.m. EST, the Dow Jones Industrial Average was up 0.06 percent at 23,893.58 points, while the S&P 500 had gained 0.04 percent to 2,585.91. American Airlines Group Inc fell 4.09 percent after the No.
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6784.0
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2019-01-10 00:00:00 UTC
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5 Top Stock Trades for Friday: Trading the Retailers and Airlines
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AAL
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https://www.nasdaq.com/articles/5-top-stock-trades-for-friday%3A-trading-the-retailers-and-airlines-2019-01-10
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
We've got a mixed bag in retail, while airlines remain in turbulent air. That being said, the overall market did pretty well on Thursday, considering we heard from Fed Chair Jerome Powell. He finally seems to know what to say to the markets and what not to say.
With that said, let's get a look at some top stock trades for Friday.
Macy's (M)
Macy's (NYSE: M ) stock made its direction pretty clear: Down. Shares are plunging almost 20% on the day after the company cut its full-year guidance and reported disappointing holiday sales results.
10 Key Emerging-Market Stocks to Buy for Contrarian Investors
Down almost 20%, bulls had a chance to defend Macy's between $26 and $27, keeping it above a pivotal level. Below this level, I want nothing to do Macy's.
Target (TGT)
Target (NYSE: TGT ) shares slipped almost 4% on Thursday too, but not for the same reasons. The company reiterated its full-year outlook and reported strong holiday sales. But its CFO is stepping down .
That's causing some hesitation, but it's clear that Target is resonating with shoppers. The stock is holding up over $65, a key level. So long as that remains the case, bulls can stay long and look for an eventual challenge of the $74 the $76 area.
Costco Wholesale (COST)
Shares of Costco Wholesale (NASDAQ: COST ) are about flat on the day, outperforming the retail sector overall. However, after December's breakdown, the stock is still under pressure even though the recent numbers - as usual - are good.
So what do investors do?
Costco is in a "best house in a bad neighborhood" situation. At least in the short-term. Between $213 and $219, there's a decent amount of possible overhead resistance, while we have a rising wedge situation near current levels.
10 Stocks You Can Set and Forget (Even In This Market)
It's possible for COST to push through all of these levels and challenge downtrend resistance (blue line). On a pullback, a decline to $190 is technically possible, but I want to give COST a few days to see how it shakes out. I don't have a lot of confidence in a long setup right now, especially if retail remains weak.
Bed Bath & Beyond (BBBY)
Short of stocks like J.C. Penney (NYSE: JCP ) and Sears (NASDAQ: SHLD ), not many retailers have been worse than Bed Bath & Beyond (NYSE: BBBY ). That's not stopping shares from popping 14% on the day though, after the company beat on earnings expectations and provided a better-than-expected outlook.
Shares are ramming right into the backside of downtrend support (blue line). Can it push though? Maybe, after a move like this. Should shares fail to push through resistance, look to see if they hold up near $13. If they do get through resistance, look for BBBY to rally to the 200-day moving average.
American Airlines (AAL)
American Airlines (NYSE: AAL ) took a dive earlier this month after Delta Air Lines (NYSE: DAL ) issued worse-than-expected guidance . However, the stock held $30 on the downside, its lows over the past few months.
Then American slashed its guidance on Thursday, sending shares lower once again. Initially back down to $30, AAL has made up roughly half the day's losses. If it can push higher, this low should hold once again. In 2018, we highlighted AAL as one of the cheapest in the industry and with some of the best growth . Even after the guidance cut, that remains true for American Airlines and may very well draw in some buyers.
7 Stocks to Buy That Are Run By Billionaires
That said, should AAL lose $30, I wouldn't want to stick around. The trend is clearly lower, but if $30 holds, bulls may be all right. That said, the news isn't great and it's hard to see what catalysts will push the industry higher in the short term.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell . As of this writing, he did not hold a position in any of the aforementioned securities.
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The post 5 Top Stock Trades for Friday: Trading the Retailers and 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 views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) American Airlines (NYSE: AAL ) took a dive earlier this month after Delta Air Lines (NYSE: DAL ) issued worse-than-expected guidance . Initially back down to $30, AAL has made up roughly half the day's losses. In 2018, we highlighted AAL as one of the cheapest in the industry and with some of the best growth .
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American Airlines (AAL) American Airlines (NYSE: AAL ) took a dive earlier this month after Delta Air Lines (NYSE: DAL ) issued worse-than-expected guidance . Initially back down to $30, AAL has made up roughly half the day's losses. In 2018, we highlighted AAL as one of the cheapest in the industry and with some of the best growth .
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American Airlines (AAL) American Airlines (NYSE: AAL ) took a dive earlier this month after Delta Air Lines (NYSE: DAL ) issued worse-than-expected guidance . Initially back down to $30, AAL has made up roughly half the day's losses. In 2018, we highlighted AAL as one of the cheapest in the industry and with some of the best growth .
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American Airlines (AAL) American Airlines (NYSE: AAL ) took a dive earlier this month after Delta Air Lines (NYSE: DAL ) issued worse-than-expected guidance . Initially back down to $30, AAL has made up roughly half the day's losses. In 2018, we highlighted AAL as one of the cheapest in the industry and with some of the best growth .
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6785.0
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2019-01-10 00:00:00 UTC
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Wall St shrugs off Macy's, rallies for fifth session
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AAL
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https://www.nasdaq.com/articles/wall-st-shrugs-macys-rallies-fifth-session-2019-01-10
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nan
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nan
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By Noel Randewich
Jan 10 () - Wall Street extended its rally into a fifth straight day on Thursday in a session of whipsaw trading as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy's pummeled retail stocks.
Powell reiterated the views of other policymakers that the Fed would be patient about interest rate hikes. But major stock indexes temporarily moved into negative territory after Powell said the bank's balance sheet would be "substantially smaller," and after he raised concerns about the size of U.S. debt.
The S&P 500 is up over 10 percent from a 20-month low it touched around Christmas, lifted by hopes for a U.S.-Chinese trade deal, which eased some worries over the impact of the dispute on global growth. The benchmark index's five-day winning streak is its longest since September.
Trade-related optimism faded somewhat as China offered little in the way of details on key issues such as forced technology transfers, intellectual property rights, tariff barriers and cyber attacks.
In the United States, reports from Macy's and American Airlines added to concerns that growth of corporate profits would slow.
Macy's Inc stock plunged 17.69 percent and pulled down other retailers after the department store operator cut its same-store sales forecast for the full year because of weak demand during mid-December.
S&P 500 companies on average are seen posting 14.5 percent growth in earnings per share as they report December-quarter results over the next few weeks, according to IBES data from Refinitiv. However, expectations for growth in 2019 are at 6.4 percent, down from an expectation of 7.3 percent on Jan 1.
"It could be a good quarter, but maybe with more cautious outlooks until we get something that comes out of the trade negotiations," said Kurt Brunner, a portfolio manager at Swarthmore Group in Philadelphia. "There is a lot of uncertainty there."
The Dow Jones Industrial Average climbed 0.51 percent to end at 24,001.92 points, while the S&P 500 gained 0.45 percent to 2,596.63.
The Nasdaq Composite added 0.42 percent to 6,986.07.
Trade-sensitive industrial stocks rose 1.44 percent, lifted by Boeing Co, which gained 2.55 percent after the U.S. Air Force accepted its long-delayed KC-46 air tanker.
American Airlines Group Inc fell 4.13 percent after the No. 1 U.S. carrier cut its fourth-quarter profit and unit revenue forecasts. That weighed on other airline shares as well.
Ten out of 11 S&P sector indexes rose, led by a 1.55 percent increase in real estate, with consumer discretionary ending down 0.23 percent.
Advancing issues outnumbered declining ones on the NYSE by a 1.61-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored advancers.
The S&P 500 posted no new 52-week highs and 1 new low; the Nasdaq Composite recorded 18 new highs and 12 new lows.
Volume on U.S. exchanges was 7.3 billion shares, compared with the 8.9 billion-share average over the last 20 trading days.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Noel Randewich Jan 10 () - Wall Street extended its rally into a fifth straight day on Thursday in a session of whipsaw trading as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy's pummeled retail stocks. Trade-related optimism faded somewhat as China offered little in the way of details on key issues such as forced technology transfers, intellectual property rights, tariff barriers and cyber attacks. Macy's Inc stock plunged 17.69 percent and pulled down other retailers after the department store operator cut its same-store sales forecast for the full year because of weak demand during mid-December.
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In the United States, reports from Macy's and American Airlines added to concerns that growth of corporate profits would slow. The Nasdaq Composite added 0.42 percent to 6,986.07. Trade-sensitive industrial stocks rose 1.44 percent, lifted by Boeing Co, which gained 2.55 percent after the U.S. Air Force accepted its long-delayed KC-46 air tanker.
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However, expectations for growth in 2019 are at 6.4 percent, down from an expectation of 7.3 percent on Jan 1. Trade-sensitive industrial stocks rose 1.44 percent, lifted by Boeing Co, which gained 2.55 percent after the U.S. Air Force accepted its long-delayed KC-46 air tanker. Ten out of 11 S&P sector indexes rose, led by a 1.55 percent increase in real estate, with consumer discretionary ending down 0.23 percent.
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In the United States, reports from Macy's and American Airlines added to concerns that growth of corporate profits would slow. The Dow Jones Industrial Average climbed 0.51 percent to end at 24,001.92 points, while the S&P 500 gained 0.45 percent to 2,596.63. That weighed on other airline shares as well.
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6786.0
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2019-01-10 00:00:00 UTC
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US STOCKS-Wall St shrugs off Macy's, rallies for fifth session
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-shrugs-macys-rallies-fifth-session-2019-01-10
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nan
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* Weak holiday numbers roil retail stocks
* Airline stocks fall after No. 1 U.S. carrier cutsforecasts
* Fed's Powell says no preset path for interest rate hikes
By Noel Randewich
Jan 10 (Reuters) - Wall Street extended its rally into afifth straight day on Thursday in a session of whipsaw tradingas investors responded to mixed comments by Federal ReserveChairman Jerome Powell, while a warning from Macy's pummeledretail stocks.
Powell reiterated the views of other policymakers that theFed would be patient about interest rate hikes. But major stockindexes temporarily moved into negative territory after Powellsaid the bank's balance sheet would be "substantially smaller," and after he raised concerns about the size of U.S. debt.
"That's what spooked the market a little bit. It's more of acommentary on the entire economy as a whole," said RandyFrederick, vice president of trading and derivatives for CharlesSchwab in Austin.
The S&P 500 .SPX is up over 10 percent from a 20-month lowit touched around Christmas, lifted by hopes for a U.S.-Chinesetrade deal, which eased some worries over the impact of thedispute on global growth. The benchmark index's five-day winningstreak is its longest since September.
Trade-related optimism faded somewhat as China offeredlittle in the way of details on key issues such as forcedtechnology transfers, intellectual property rights, tariffbarriers and cyber attacks.
In the United States, reports from Macy's and AmericanAirlines added to concerns that growth of corporate profitswould slow.
Macy's IncM.N stock plunged 17.69 percent and pulled downother retailers after the department store operator cut itssame-store sales forecast for the full year because of weakdemand during mid-December.
S&P 500 companies on average are seen posting 14.5 percentgrowth in earnings per share as they report December-quarterresults over the next few weeks, according to IBES data fromRefinitiv. However, expectations for growth in 2019 are at 6.4percent, down from an expectation of 7.3 percent on Jan 1.
"It could be a good quarter, but maybe with more cautiousoutlooks until we get something that comes out of the tradenegotiations," said Kurt Brunner, a portfolio manager atSwarthmore Group in Philadelphia. "There is a lot of uncertaintythere."
The Dow Jones Industrial Average .DJI climbed 0.51 percentto end at 24,001.92 points, while the S&P 500 .SPX gained 0.45percent to 2,596.63.
The Nasdaq Composite .IXIC added 0.42 percent to6,986.07.
Trade-sensitive industrial stocks .SPLRCI rose 1.44percent, lifted by Boeing CoBA.N , which gained 2.55 percentafter the U.S. Air Force accepted its long-delayed KC-46 airtanker.
American Airlines Group IncAAL.O fell 4.13 percent afterthe No. 1 U.S. carrier cut its fourth-quarter profit and unitrevenue forecasts. That weighed on other airline shares as well.
Ten out of 11 S&P sector indexes rose, led by a 1.55 percentincrease in real estate .SPLRCR , with consumer discretionary .SPLRCD ending down 0.23 percent.
Advancing issues outnumbered declining ones on the NYSE by a1.61-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored advancers.
The S&P 500 posted no new 52-week highs and 1 new low; theNasdaq Composite recorded 18 new highs and 12 new lows.
Volume on U.S. exchanges was 7.3 billion shares, comparedwith the 8.9 billion-share average over the last 20 tradingdays. (Additional reporting by Sruthi Shankar and Medha Singh inBengaluru; Editing by Steve Orlofsky and Dan Grebler) ((noel.randewich@tr.com; Twitter handle: @randewich (415) 6772542; Reuters Messaging:noel.randewich.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group IncAAL.O fell 4.13 percent afterthe No. But major stockindexes temporarily moved into negative territory after Powellsaid the bank's balance sheet would be "substantially smaller," and after he raised concerns about the size of U.S. debt. Trade-related optimism faded somewhat as China offeredlittle in the way of details on key issues such as forcedtechnology transfers, intellectual property rights, tariffbarriers and cyber attacks.
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American Airlines Group IncAAL.O fell 4.13 percent afterthe No. * Weak holiday numbers roil retail stocks * Airline stocks fall after No. 1 U.S. carrier cutsforecasts * Fed's Powell says no preset path for interest rate hikes By Noel Randewich Jan 10 (Reuters) - Wall Street extended its rally into afifth straight day on Thursday in a session of whipsaw tradingas investors responded to mixed comments by Federal ReserveChairman Jerome Powell, while a warning from Macy's pummeledretail stocks.
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American Airlines Group IncAAL.O fell 4.13 percent afterthe No. 1 U.S. carrier cutsforecasts * Fed's Powell says no preset path for interest rate hikes By Noel Randewich Jan 10 (Reuters) - Wall Street extended its rally into afifth straight day on Thursday in a session of whipsaw tradingas investors responded to mixed comments by Federal ReserveChairman Jerome Powell, while a warning from Macy's pummeledretail stocks. Macy's IncM.N stock plunged 17.69 percent and pulled downother retailers after the department store operator cut itssame-store sales forecast for the full year because of weakdemand during mid-December.
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American Airlines Group IncAAL.O fell 4.13 percent afterthe No. Macy's IncM.N stock plunged 17.69 percent and pulled downother retailers after the department store operator cut itssame-store sales forecast for the full year because of weakdemand during mid-December. The Nasdaq Composite .IXIC added 0.42 percent to6,986.07.
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6787.0
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2019-01-10 00:00:00 UTC
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Why American Airlines Group, Barnes & Noble, and WD-40 Slumped Today
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-group-barnes-noble-and-wd-40-slumped-today-2019-01-10
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The stock market dealt with some ups and downs on Thursday, with most major benchmarks finishing about a half a percent higher. Investors tried to balance encouraging news on the trade and monetary policy fronts against the continuing risks of deterioration in the economic prospects for both the U.S. and the world more broadly. Some companies had to deal with bad news that sent their shares sharply lower, and American Airlines Group (NASDAQ: AAL) , Barnes & Noble (NYSE: BKS) , and WD-40 (NASDAQ: WDFC) were among the worst performers. Here's why they did so poorly.
American Airlines loses altitude
Shares of American Airlines Group fell 4% after the airline giant warned that its fourth-quarter results wouldn't be as good as some had hoped. American specifically said that its key revenue per available seat mile metric grew just 1.5% during the quarter, which was at the lower end of the guidance range it had provided, and full-year adjusted earnings projections came in below what most of those following the stock had anticipated. Economic uncertainty has weighed on airline stocks lately, but if the economy can avoid a recession, then low fuel prices should help bolster American's profits during 2019.
Is the book closing on Barnes & Noble?
Barnes & Noble stock lost 16% in the wake of downbeat guidance provided in the company's holiday sales results. The bookseller said that comparable-store sales were higher by 4% between Black Friday and New Year's Day, with a 1.3% rise in the nine-week period ending Dec. 29. Yet to get that sales increase, Barnes & Noble boosted its spending on advertising and promotional activity, and the company projects that those costs could result in as much as a 10% cut to its previous earnings guidance. For the long-ailing company, that's just more bad news that threatens Barnes & Noble's long-term viability as a brick-and-mortar retailer .
WD-40 slides despite solid results
Finally, shares of WD-40 dropped 7%. The company famous for its WD-40 solven t report ed fiscal first-quarter results that included a 4% rise in sales and a 5% jump in net income. CEO Garry Ridge was generally pleased with the company's performance, noting that its Specialist product line saw double-digit percentage increases in revenue from year-ago levels. Yet investors seemed to focus on sales declines of 10% in the Asia-Pacific segment, and although Ridge said such temporary drops are "quite normal," some worry that the pause in a region that for many companies has been a key driver of global growth could point toward further challenges ahead.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some companies had to deal with bad news that sent their shares sharply lower, and American Airlines Group (NASDAQ: AAL) , Barnes & Noble (NYSE: BKS) , and WD-40 (NASDAQ: WDFC) were among the worst performers. American specifically said that its key revenue per available seat mile metric grew just 1.5% during the quarter, which was at the lower end of the guidance range it had provided, and full-year adjusted earnings projections came in below what most of those following the stock had anticipated. CEO Garry Ridge was generally pleased with the company's performance, noting that its Specialist product line saw double-digit percentage increases in revenue from year-ago levels.
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Some companies had to deal with bad news that sent their shares sharply lower, and American Airlines Group (NASDAQ: AAL) , Barnes & Noble (NYSE: BKS) , and WD-40 (NASDAQ: WDFC) were among the worst performers. Yet to get that sales increase, Barnes & Noble boosted its spending on advertising and promotional activity, and the company projects that those costs could result in as much as a 10% cut to its previous earnings guidance. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
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Some companies had to deal with bad news that sent their shares sharply lower, and American Airlines Group (NASDAQ: AAL) , Barnes & Noble (NYSE: BKS) , and WD-40 (NASDAQ: WDFC) were among the worst performers. Barnes & Noble stock lost 16% in the wake of downbeat guidance provided in the company's holiday sales results. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
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Some companies had to deal with bad news that sent their shares sharply lower, and American Airlines Group (NASDAQ: AAL) , Barnes & Noble (NYSE: BKS) , and WD-40 (NASDAQ: WDFC) were among the worst performers. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. In fact, the newsletter they run, Motley Fool Stock Advisor , has tripled the S&P 500!
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6788.0
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2019-01-10 00:00:00 UTC
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Close Update: Winning Streak Remains Intact as Powell Reassures Wall Street
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AAL
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https://www.nasdaq.com/articles/close-update-winning-streak-remains-intact-powell-reassures-wall-street-2019-01-10
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Wall Street's major averages closed higher for a fifth straight day as dovish remarks out of the Federal Reserve helped offset disappointing holiday sales with the absence of a measurable trade deal between the US and China and the lingering government shutdown.
Stocks held on to conservative gains for most of the afternoon -- spending a second day anchored to the 50% retracement level of the December range -- before reaching higher into the final minutes of trade to put the Dow Jones Industrial Average to its highest level in three weeks.
Into Thursday's open, the stock market's longest winning streak since November was threatened by China's soft inflation data and by Macy's underwhelming holiday sales that kicked the entire retail sector down by more than 4%. Airline stocks were also weighed down by a profit warning from American Airlines ( AAL ) that drove the sector 3% lower before recovering most of the day's losses.
In a repeat of Wednesday, a flurry of statements from Fed officials mirrored the dovish tilt of December Federal Open Market Committee minutes, culminating in Powell's afternoon remarks.
Powell's balanced remarks assured Wall Street that the economy was stronger than what financial markets reflected, and the Fed is still patient towards further rate hikes. A tape bomb about the balance sheet being "substantially smaller" in the near term rattled investors, but Powell's tone was judged to be sufficiently dovish, fueling a late push higher in industrials and tech stocks.
Today's sole economic data was also bullish as initial unemployment claims fell by a greater-than-expected 17,000 to a one-month low of 216,000.
US MARKETS
Dow Jones Industrial Average was up 122.80 points (+0.51%)
S&P 500 was up 11.68 points (+0.45%)
Nasdaq Composite Index was up 28.99 points (+0.42%)
GLOBAL SENTIMENT
FTSE 100 was up 0.52%
Nikkei 225 was down 1.29%
Hang Seng Index was up 0.22%
Shanghai China Composite Index was down 0.36%
UPSIDE MOVERS
(+) PRPO (+45.21%) Secured first US government customer for ICE COLD-PCR mutation technology
(+) DCIX (+38.36%) Plans to buy back up to $6 million shares
(+) VERI (+9.76%) Raised revenue expectations
DOWNSIDE MOVERS
(-) M (-17.69%) Cuts fiscal 2018 revenue growth estimate
(-) BKS (-15.76%) Issued outlook warning
(-) CGIX (-14.88%) Prices stock offering at 35% discount
(-) PAVM (-14.66%) Will resubmit 501(k) application for CarpX carpal tunnel device
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Airline stocks were also weighed down by a profit warning from American Airlines ( AAL ) that drove the sector 3% lower before recovering most of the day's losses. Wall Street's major averages closed higher for a fifth straight day as dovish remarks out of the Federal Reserve helped offset disappointing holiday sales with the absence of a measurable trade deal between the US and China and the lingering government shutdown. Into Thursday's open, the stock market's longest winning streak since November was threatened by China's soft inflation data and by Macy's underwhelming holiday sales that kicked the entire retail sector down by more than 4%.
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Airline stocks were also weighed down by a profit warning from American Airlines ( AAL ) that drove the sector 3% lower before recovering most of the day's losses. Stocks held on to conservative gains for most of the afternoon -- spending a second day anchored to the 50% retracement level of the December range -- before reaching higher into the final minutes of trade to put the Dow Jones Industrial Average to its highest level in three weeks. In a repeat of Wednesday, a flurry of statements from Fed officials mirrored the dovish tilt of December Federal Open Market Committee minutes, culminating in Powell's afternoon remarks.
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Airline stocks were also weighed down by a profit warning from American Airlines ( AAL ) that drove the sector 3% lower before recovering most of the day's losses. Wall Street's major averages closed higher for a fifth straight day as dovish remarks out of the Federal Reserve helped offset disappointing holiday sales with the absence of a measurable trade deal between the US and China and the lingering government shutdown. Stocks held on to conservative gains for most of the afternoon -- spending a second day anchored to the 50% retracement level of the December range -- before reaching higher into the final minutes of trade to put the Dow Jones Industrial Average to its highest level in three weeks.
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Airline stocks were also weighed down by a profit warning from American Airlines ( AAL ) that drove the sector 3% lower before recovering most of the day's losses. Wall Street's major averages closed higher for a fifth straight day as dovish remarks out of the Federal Reserve helped offset disappointing holiday sales with the absence of a measurable trade deal between the US and China and the lingering government shutdown. Stocks held on to conservative gains for most of the afternoon -- spending a second day anchored to the 50% retracement level of the December range -- before reaching higher into the final minutes of trade to put the Dow Jones Industrial Average to its highest level in three weeks.
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6789.0
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2019-01-09 00:00:00 UTC
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4 High Earnings Yield Stocks to Create a Solid Portfolio
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https://www.nasdaq.com/articles/4-high-earnings-yield-stocks-to-create-a-solid-portfolio-2019-01-09
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If you are uncertain about whether to invest your money in bonds or stocks, an important metric that can show you the right path is earnings yield. It is the reciprocal of the price-to-earnings (P/E) ratio. This ratio comes in handy for finding out undervalued stocks. Also, this ratio is effective for comparing stocks with market or fixed income securities.
Earnings yield can be calculated as (annual earnings per share/market price) x 100. While comparing similar stocks, the one with high earnings yield should fetch higher returns.
This ratio is useful for comparing the performance of the market with the 10-year Treasury yield. When the yield of the market index is higher than the 10-year Treasury yield, stocks can be said to be undervalued in comparison to bonds. This means that investing in the stock market is a better option for a value investor.
However, while T-bills are devoid of risks, investing in stocks always carries some inherent risks. Hence, it will be prudent to add a risk premium to the Treasury yield while comparing with the earnings yield of a stock or the broader market.
The Winning Strategy
We have set Earnings Yield greater than 10% as our primary screening criterion but it alone cannot be used for picking stocks that have the potential to generate solid returns. So, we have added the following parameters to the screen:
Estimated EPS growth for the next 12 months greater than or equal to the S&P 500 : This metric compares the 12-month forward EPS estimate with the 12-month actual EPS.
Average Daily Volume (20 Day) greater than or equal to 100,000 : High trading volume implies that a stock has adequate liquidity.
Current Price greater than or equal to $5 .
Buy-Rated Stocks : Stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have been known to outperform peers in any type of market environment. You can see the complete list of today's Zacks #1 Rank stocks here .
Here are four of the 33 stocks that made it through the screen:
Cincinnati, OH-based Fifth Third BancorpFITB operates as a diversified financial services company in the United States. It has a Zacks Rank #2 and an expected EPS growth rate of 7.2% for the next 3-5 years.
Bedminster, NJ-based GAIN Capital Holdings, Inc.GCAP offers trading services and solutions to retail, institutional, and futures service customers worldwide. It has a Zacks Rank #1 and an expected EPS growth rate of 7.5% for the next 3-5 years.
Fort Worth, TX-based American Airlines Group Inc.AAL operates as a network air carrier. It has a Zacks Rank #2 and an expected EPS growth rate of 7.6% for the next 3-5 years.
Atlanta, GA-based Delta Air Lines, Inc.DAL provides air transportation for passengers and cargo in the United States and internationally. It has a Zacks Rank #2 and an expected EPS growth rate of 15% for the next 3-5 years.
You can get the rest of the stocks on this list by signing up now for a 2-week free trial to the Research Wizard stock picking and backtesting software. You can also create your own strategies and test them first before making investments.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material .
Disclosure: Performance information for Zacks' portfolios and strategies are available at : https://www.zacks.com/performance .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Fifth Third Bancorp (FITB): Free Stock Analysis Report
GAIN Capital Holdings, Inc. (GCAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fort Worth, TX-based American Airlines Group Inc.AAL operates as a network air carrier. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report GAIN Capital Holdings, Inc. (GCAP): Free Stock Analysis Report To read this article on Zacks.com click here. If you are uncertain about whether to invest your money in bonds or stocks, an important metric that can show you the right path is earnings yield.
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Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report GAIN Capital Holdings, Inc. (GCAP): Free Stock Analysis Report To read this article on Zacks.com click here. Fort Worth, TX-based American Airlines Group Inc.AAL operates as a network air carrier. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report GAIN Capital Holdings, Inc. (GCAP): Free Stock Analysis Report To read this article on Zacks.com click here. Fort Worth, TX-based American Airlines Group Inc.AAL operates as a network air carrier. Buy-Rated Stocks : Stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have been known to outperform peers in any type of market environment.
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Fort Worth, TX-based American Airlines Group Inc.AAL operates as a network air carrier. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report GAIN Capital Holdings, Inc. (GCAP): Free Stock Analysis Report To read this article on Zacks.com click here. This ratio is useful for comparing the performance of the market with the 10-year Treasury yield.
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6790.0
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2019-01-08 00:00:00 UTC
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Boeing Sets Airplane Delivery Record: What's Next For BA Stock in 2019?
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AAL
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https://www.nasdaq.com/articles/boeing-sets-airplane-delivery-record-whats-next-ba-stock-2019-2019-01-08
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Shares of Boeing BA surged 3.3% Tuesday after the aerospace powerhouse reported record-setting aircraft deliveries in 2018 to help it top rival Airbus EADSY . Boeing, however, fell just shy of its own delivery target. So, let's see what investors should expect from BA's Q4 and fiscal 2019 financial results.
Deliveries
Boeing said on Tuesday that it delivered 806 commercial jets in 2018, to help it set a new record and fly by 2017's 763 deliveries. The U.S. industrial giant topped European rival Airbus, which reportedly met its own 800-jet target. Investors should note that Boeing's deliveries did fall just short of its own target that called for between 810 and 815 aircraft because shortages of engines, fuselages, and other parts slowed summer 2018 outputs.
On top of impressive delivery totals, Boeing also added 893 new orders last year. This included 203 airplane sales in December as global demand for air travel continues to climb. The new orders are valued at over $143.7 billion and have been added to Boeing's roughly seven-year backlog.
Deliveries, not orders, have become the gold standard for the industry since most of an aircraft's purchase price is paid upon delivery. Boeing also pointed directly to strong sales of its newer 787 Dreamliner. The firm boasted in a press release that the aircraft "extended its status as the fastest-selling twin-aisle jet in history with 109 orders last year or about 1,400 since the program launched."
Boeing said that Hawaiian Airlines HA switched from the Airbus A330 to its 787. American Airlines AAL and United Airlines UAL also bought more Dreamliner jets. Meanwhile, Boeing's 777 models continued to perform well, driven by sales from FedEx FDX , DHL Express, and others.
Quick Overview
Moving on, Boeing announced in December a new quarterly dividend of $2.055 a share, which represents a 20% climb from the $1.71 per share Boeing paid throughout 2018. The company also detailed what it expects to be a significant increase in demand in India over the next 20 years.
Boeing stock has climbed roughly 9.5% over the last year, which helps BA crush its peer group's 9% average decline. This industry includes General Dynamics GD , Lockheed Martin LMT , Northrop Grumman NOC , and Airbus.
Shares of Boeing jumped 3.33% to $339.04 a share through early afternoon trading on the back of its delivery report release. Fellow Dow giants Apple AAPL , Walmart WMT , DowDuPont DWDP , and Caterpillar CAT all climbed as well. Despite Tuesday's climb, shares of BA still rest roughly 14% below their 52-week high of $394.28.
Q4 & Fiscal 2019 Outlook
Boeing's Q4 2018 revenues are projected to pop 4.8% to hit $26.59 billion, based on our current Zacks Consensus Estimate. This would come after BA's Q4 2017 revenues jumped 9%. The firm's full-year 2018 revenues are projected to pop 6.6% from $93.39 billion in 2017 to $99.55 billion.
Looking ahead, the firm's first quarter 2019 revenues are expected to climb 7.1% to reach $25.03 billion. Plus, Boeing's full-year 2019 revenues are projected to surge 6.6% above our fiscal 2018 estimate to hit $106.1 billion.
Investors likely won't be pleased to see that BA's adjusted Q4 earnings are expected to slip by 6.5% from the year-ago period to $4.49 a share. Despite the expected Q4 downturn, BA's fiscal 2018 earnings are projected to soar nearly 25%.
Better yet, the aeropace power's fiscal 2019 earnings are expected to climb 20.3% above our 2018 projection. This estimate alone could help propel BA stock forward this year since rising earnings have been proven to be one of the best long-term indicators of positive stock price movement.
Bottom Line
Boeing is a currently a Zacks Rank #3 (Hold) based, in large part, on its recen t earnings estimate revision activity. The company also sports an "A" grade for Growth and a "B" for Momentum in our Style Scores system. With all that said, Boeing stock could be one to consider at the moment.
Wall Street's Next Amazon
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United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report
The Boeing Company (BA): Free Stock Analysis Report
General Dynamics Corporation (GD): Free Stock Analysis Report
Northrop Grumman Corporation (NOC): Free Stock Analysis Report
Lockheed Martin Corporation (LMT): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Caterpillar Inc. (CAT): Free Stock Analysis Report
Walmart Inc. (WMT): Free Stock Analysis Report
FedEx Corporation (FDX): Free Stock Analysis Report
Dow Chemical Company (The) (DWDP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines AAL and United Airlines UAL also bought more Dreamliner jets. Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Caterpillar Inc. (CAT): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report Dow Chemical Company (The) (DWDP): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Boeing BA surged 3.3% Tuesday after the aerospace powerhouse reported record-setting aircraft deliveries in 2018 to help it top rival Airbus EADSY .
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Caterpillar Inc. (CAT): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report Dow Chemical Company (The) (DWDP): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL and United Airlines UAL also bought more Dreamliner jets. This industry includes General Dynamics GD , Lockheed Martin LMT , Northrop Grumman NOC , and Airbus.
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Caterpillar Inc. (CAT): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report Dow Chemical Company (The) (DWDP): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL and United Airlines UAL also bought more Dreamliner jets. Shares of Boeing BA surged 3.3% Tuesday after the aerospace powerhouse reported record-setting aircraft deliveries in 2018 to help it top rival Airbus EADSY .
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American Airlines AAL and United Airlines UAL also bought more Dreamliner jets. Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Caterpillar Inc. (CAT): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report Dow Chemical Company (The) (DWDP): Free Stock Analysis Report To read this article on Zacks.com click here. Deliveries, not orders, have become the gold standard for the industry since most of an aircraft's purchase price is paid upon delivery.
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6791.0
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2019-01-08 00:00:00 UTC
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Chile copper mines to triple use of sea water in 10 years
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AAL
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https://www.nasdaq.com/articles/chile-copper-mines-triple-use-sea-water-10-years-2019-01-08
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By Fabian Cambero
SANTIAGO, Jan 8 () - Chile's copper industry will triple its use of sea water for industrial processes in the next decade, state copper agency Cochilco said on Tuesday, as global miners in the world's top producer of the red metal seek alternatives amid growing water shortages.
Cochilco said in a report that it expected use of sea water, both desalinated and direct from the ocean, to increase by 230 percent over 2018 levels.
Sea water could satisfy 43 percent of the miner's demands by 2029, Cochilco said in the report.
"More and more miners are building their own desalination plants or using water straight from the ocean to confront shortages of water," the report said.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Fabian Cambero SANTIAGO, Jan 8 () - Chile's copper industry will triple its use of sea water for industrial processes in the next decade, state copper agency Cochilco said on Tuesday, as global miners in the world's top producer of the red metal seek alternatives amid growing water shortages. Cochilco said in a report that it expected use of sea water, both desalinated and direct from the ocean, to increase by 230 percent over 2018 levels. Sea water could satisfy 43 percent of the miner's demands by 2029, Cochilco said in the report.
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By Fabian Cambero SANTIAGO, Jan 8 () - Chile's copper industry will triple its use of sea water for industrial processes in the next decade, state copper agency Cochilco said on Tuesday, as global miners in the world's top producer of the red metal seek alternatives amid growing water shortages. Cochilco said in a report that it expected use of sea water, both desalinated and direct from the ocean, to increase by 230 percent over 2018 levels. Sea water could satisfy 43 percent of the miner's demands by 2029, Cochilco said in the report.
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By Fabian Cambero SANTIAGO, Jan 8 () - Chile's copper industry will triple its use of sea water for industrial processes in the next decade, state copper agency Cochilco said on Tuesday, as global miners in the world's top producer of the red metal seek alternatives amid growing water shortages. "More and more miners are building their own desalination plants or using water straight from the ocean to confront shortages of water," the report said. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Fabian Cambero SANTIAGO, Jan 8 () - Chile's copper industry will triple its use of sea water for industrial processes in the next decade, state copper agency Cochilco said on Tuesday, as global miners in the world's top producer of the red metal seek alternatives amid growing water shortages. Cochilco said in a report that it expected use of sea water, both desalinated and direct from the ocean, to increase by 230 percent over 2018 levels. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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6792.0
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2019-01-07 00:00:00 UTC
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5 Turnaround Stocks to Buy as They Rise Amid the Chaos
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AAL
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https://www.nasdaq.com/articles/5-turnaround-stocks-to-buy-as-they-rise-amid-the-chaos-2019-01-07
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Stocks continue to recover from the harrowing losses of late December, pushing the Dow Jones Industrial Average back over the 23,000 mark in early trading on Monday, which is setting up a run at the 50-day moving average.
It has helped that Federal Reserve chairman Jerome Powell has quickly changed his tune in recent days, sounding a dovish note during a panel with former chairmen Ben Bernanke and Janet Yellen. It remains all about the Fed. And for traders, seeing Powell next to those familiar faces reinforced the notion of a "Fed put" and revived animal spirits.
Sure, corporate earnings growth is set to slow. The U.S.-China trade spat is ongoing. Parts of the U.S. government remain closed. And manufacturing activity globally is slowing. But for now, folks are focusing on turnaround plays.
10 Oversold Stocks Due for a Bounce
Here are five turnaround stocks to buy:
General Electric (GE)
General Electric (NYSE: GE ) stock was left for dead as management turnover, a tepid restructuring plan and a poorly timed focus on the energy business gutted sentiment. Shares suffered a 75%+ decline from their late 2016 high into the lows set last month. But since then, value hunters have swooped in on GE stock, resulting in a nice 27% rise off of bottom thanks to reports of a possible sale of its jet leasing unit.
The company will next report results on Jan. 31, before the bell. Analysts are looking for earnings of 18 cents per share on revenues of $32 billion. When the company last reported on Oct. 30, earnings of 14 cents per share missed estimates by 6 cents on a 3.6% drop in revenues.
Netflix (NFLX)
After losing nearly half of its value from its June high, as investors bailed out of the "FAANG" component and onetime momentum high-flier, Netflix (NASDAQ: NFLX ) stock is putting together a nice oversold rebound rally. Already up 34% from its December low, NFLX stock is closing in on its 200-day moving average thanks in part to the addition of the stock to Goldman Sachs' Conviction Buy List.
10 Top Stock Picks From the Street's Best Analysts
The company will next report results on Jan. 17 after the close. Analysts are looking for earnings of 26 cents per share on revenues of $4.2 billion. When the company last reported on Oct. 16, earnings of 89 cents per share beat estimates by 21 cents on a 34% rise in revenues.
General Motors (GM)
General Motors (NYSE: GM ) stock is bouncing off of a "higher low" base of support to challenge its upward rising 50-day moving average. A "Golden Cross" looks likely on hopes of thawing trade tensions and easing auto import tariffs with partners such as China. GM stock also enjoyed an upgrade from analysts at BMO Capital Markets today.
The company will next report results on Jan. 30 before the bell. Analysts are looking for earnings of $1.19 per share on revenues of $36.6 billion. When the company last reported on Oct. 31, earnings of $1.87 per share beat estimates by 62 cents on a 6.4% rise in revenue.
Square (SQ)
Square (NYSE: SQ ) stock is once again attempting a upward breakout from its four-month downtrend pattern. This is resulting in a buy signal on SQ stock from the parabolic stop-and-reverse indicator. This is the first significant pullback for what has been a consistent winner, with shares up 7x from late 2016 levels. Shares were recently upgraded by analysts at Wolfe Research.
7 Stocks to Buy Down 20% in December
The company will next report results on Feb. 6 after the close. Analysts are looking for earnings of a loss of 2 cents per share on revenues of $910.6 million. When the company last reported on Nov. 7, earnings of 13 cents per share beat estimates by 2 cents on a 67.7% rise in revenues.
American Airlines (AAL)
American Airlines (NASDAQ: AAL ) stock is rebounding off of support from its October low, setting up another run at overhead resistance near the $40-per-share level. Sentiment was dinged last week after competitor Delta (NYSE: DAL ) lowered Q4 revenue guidance, but demand remains strong and lower fuel costs provide a margin tailwind for AAL stock.
The company will next report results on Jan. 24 before the bell. Analysts are looking for earnings of $1.1 per share on revenues of $11.1 billion. When the company last reported on Oct. 25, earnings of $1.13 matched expectations on a 5.4% rise in revenues.
More From InvestorPlace
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10 Top Stock Picks From the Street's Best Analysts
7 Tech Stocks Without China Exposure
5 Strong-Buy Stocks That Crushed 2018
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The post 5 Turnaround Stocks to Buy as They Rise Amid the Chaos 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 views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) American Airlines (NASDAQ: AAL ) stock is rebounding off of support from its October low, setting up another run at overhead resistance near the $40-per-share level. Sentiment was dinged last week after competitor Delta (NYSE: DAL ) lowered Q4 revenue guidance, but demand remains strong and lower fuel costs provide a margin tailwind for AAL stock. It has helped that Federal Reserve chairman Jerome Powell has quickly changed his tune in recent days, sounding a dovish note during a panel with former chairmen Ben Bernanke and Janet Yellen.
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American Airlines (AAL) American Airlines (NASDAQ: AAL ) stock is rebounding off of support from its October low, setting up another run at overhead resistance near the $40-per-share level. Sentiment was dinged last week after competitor Delta (NYSE: DAL ) lowered Q4 revenue guidance, but demand remains strong and lower fuel costs provide a margin tailwind for AAL stock. 10 Oversold Stocks Due for a Bounce Here are five turnaround stocks to buy: General Electric (GE) General Electric (NYSE: GE ) stock was left for dead as management turnover, a tepid restructuring plan and a poorly timed focus on the energy business gutted sentiment.
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American Airlines (AAL) American Airlines (NASDAQ: AAL ) stock is rebounding off of support from its October low, setting up another run at overhead resistance near the $40-per-share level. Sentiment was dinged last week after competitor Delta (NYSE: DAL ) lowered Q4 revenue guidance, but demand remains strong and lower fuel costs provide a margin tailwind for AAL stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Stocks continue to recover from the harrowing losses of late December, pushing the Dow Jones Industrial Average back over the 23,000 mark in early trading on Monday, which is setting up a run at the 50-day moving average.
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American Airlines (AAL) American Airlines (NASDAQ: AAL ) stock is rebounding off of support from its October low, setting up another run at overhead resistance near the $40-per-share level. Sentiment was dinged last week after competitor Delta (NYSE: DAL ) lowered Q4 revenue guidance, but demand remains strong and lower fuel costs provide a margin tailwind for AAL stock. It remains all about the Fed.
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6793.0
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2019-01-04 00:00:00 UTC
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Friday’s Vital Data: Apple, American Airlines and Bristol-Myers
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AAL
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https://www.nasdaq.com/articles/fridays-vital-data%3A-apple-american-airlines-and-bristol-myers-2019-01-04
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
U.S. stock futures are trading higher this morning as buyers emerge following yesterday's tech-driven selloff. Credit for the buying binge goes to today's jobs report, which shows the U.S. added 312,000 jobs in December which smashed economists' expectations for 182,000 jobs.
Ahead of the bell, futures on the Dow Jones Industrial Average are up 1.3% and S&P 500 futures are higher by 1.34%. Nasdaq-100 futures have added 1.52%.
The put surge was seen at the CBOE as well. The single-session equity put/call volume ratio climbed to 0.73 - a one-week high. Meanwhile, the 10-day moving average ticked higher to 0.75.
Options activity was hopping in a handful of stocks yesterday. Apple (NASDAQ: AAPL ) shares slid 10% after the company dramatically slashed their revenue guidance for the quarter. American Airlines (NYSE: AAL ) fell to a new 52-week low amid heavy selling. Finally, Bristol-Meyers Squibb (NYSE: BMY ) was flooded with activity amid news of its purchase of Celgene (NASDAQ: CELG ).
Let's take a closer look:
Apple (AAPL)
Apple shares ended the day bruised and battered after lowering their revenue guidance by $9 billion for the quarter. Tepid demand from China and longer upgrade cycles were cited as causes for the lackluster performance.
10 Oversold Stocks Due for a Bounce
By day's end, the ailing tech titan lost another 10% of value bringing its total bear market losses to 39%. The damage weighed heavily on the Nasdaq, with semiconductors leading the descent.
Caution is warranted for bottom fishers. With the stock steeped in a downtrend and making a lower low, we've yet to see any signs of a bullish reversal.
On the options trading front, calls actually came out on top despite the dramatic beatdown. Activity swelled to 222% of the average daily volume, with 1,372,793 total contracts traded. Calls contributed 52% to the day's total.
The increased demand drove implied volatility higher to 44%, placing it at the 81st percentile of its one-year range. Premiums are now pricing in daily moves of $3.90 or 2.7%.
American Airlines (AAL)
American Airlines shares descended to a new 52-week low intraday. News was noticeably absent so I'm chalking the price slide and mad dash for puts as a technically driven event.
AAL was locked in a downtrend for almost all of 2018, leaving little reason for optimism heading into the new year. Until we see the stock reclaim the high side of its 200-day moving average, sellers remain in full control.
On the options trading front, puts outpaced calls by a wide margin. Total activity ramped to 173% of the average daily volume, with 68,923 total contracts traded. 74% of the trading came from put options alone.
The increased demand drove implied volatility higher on the day to 59%, placing it at the 78th percentile of its one-year range. Premiums are pricing in daily moves of $1.11 or 3.7%.
Bristol-Myers Squibb (BMY)
While Apple stole the limelight yesterday, big news was made in the healthcare space. New York city-based Bristol-Myers Squibb bought Celgene for $74 billion. The purchase involves cash and stock as follows. Celgene shareholders will receive one share of BMY and $50 in cash for each CELG share.
CELG stock soared on the announcement while BMY fell 13.3%.
On the options trading front, traders came after calls with a vengeance. Activity ballooned to 3,109% of the average daily volume, with 374,502 total contracts traded. 64% of the trading came from call options alone.
Implied volatility jumped to 40%, placing it at the 73rd percentile of its one-year range. Premiums are pricing in daily moves of $1.13 or 2.5%.
As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently releasedBear Market Survival Guideto learn how to defend your portfolio against market volatility.
More From InvestorPlace
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7 Downtrodden Stocks to Fish From the Bottom
8 Cheap Value Stocks That Just Got More Enticing
5 Apple Suppliers Hurt by the Guidance Cut
Compare Brokers
The post Friday's Vital Data: Apple, American Airlines and Bristol-Myers 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 views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (NYSE: AAL ) fell to a new 52-week low amid heavy selling. American Airlines (AAL) American Airlines shares descended to a new 52-week low intraday. AAL was locked in a downtrend for almost all of 2018, leaving little reason for optimism heading into the new year.
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American Airlines (NYSE: AAL ) fell to a new 52-week low amid heavy selling. American Airlines (AAL) American Airlines shares descended to a new 52-week low intraday. AAL was locked in a downtrend for almost all of 2018, leaving little reason for optimism heading into the new year.
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American Airlines (NYSE: AAL ) fell to a new 52-week low amid heavy selling. American Airlines (AAL) American Airlines shares descended to a new 52-week low intraday. AAL was locked in a downtrend for almost all of 2018, leaving little reason for optimism heading into the new year.
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American Airlines (NYSE: AAL ) fell to a new 52-week low amid heavy selling. American Airlines (AAL) American Airlines shares descended to a new 52-week low intraday. AAL was locked in a downtrend for almost all of 2018, leaving little reason for optimism heading into the new year.
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6794.0
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2019-01-04 00:00:00 UTC
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Positive U.S. jobs data, trade relief thrust UK shares higher
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AAL
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https://www.nasdaq.com/articles/positive-us-jobs-data-trade-relief-thrust-uk-shares-higher-2019-01-04
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nan
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nan
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* FTSE 100 rises 2.2 pct
* FTSE 250 up 2.1 pct
* Banks, miners, oil top boosts
* U.S. jobs data lifts spirits
* Homebuilders rise despite weak data (Adds analyst comment, news item, updates share moves)
By Muvija M and Shashwat Awasthi
Jan 4 (Reuters) - UK stock indexes bounced to three-weekhighs on Friday, lifted by positive U.S. jobs data and news of anew round of talks between Beijing and Washington that raisedhopes of a resolution to their protracted trade spat.
The FTSE 100 .FTSE surged 2.2 percent and the FTSE 250 .FTMC gained 2.1 percent to bag their biggest weekly gains intwo months, showing resilience to a slew of bad macroeconomicand corporate news from China and the U.S. in the first few daysof 2019.
Beijing said it would hold vice ministerial-level tradetalks with Washington next week, pushing Asian shares higher andeasing nerves of investors who have worried that the tusslebetween the world's two largest economies will slow the globaleconomy.
"The landscape has changed recently and, given the sell-offin US stocks, and the continued weakness in Chinese equities inthe past couple of months, both sides may take a softer approachto the talks," said David Madden, analyst at CMC Markets.
Cheer from update on the trade scenario was magnified bystrong U.S. jobs data and Fed chair Jerome Powell saying thecentral bank will be sensitive to the downside risks the marketis pricing in. urn:newsml:reuters.com:*:nUSN4CEFP2urn:newsml:reuters.com:*:nW1N1YP03G
That helped sectors across the UK to end the session inblack.
British stocks with more exposure to Asia rose, with HSBCHSBA.L and Standard Chartered adding 2.4 percent and 3.9percent, respectively, while luxury goods maker BurberryBRBY.L gained 4.6 percent.
Mondi MNDI.L jumped 5.6 percent after Jefferies analystssaid the company was its top pick in the paper and packagingsector, while WhitbreadWTB.L rose 1.7 percent after aBarclays rating upgrade.
MINERS BOUNCE BACK
Miners saw a strong comeback after a dismal last session,with GlencoreGLEN.L , Rio Tinto RIO.L , BHP BHPB.L , AngloAmerican AAL.L and AntofagastaANTO.L all up between 4.1percent and 6.5 percent on the back of higher copper prices.
Oil prices also rose after news of the upcoming trade talks,boosting heavyweights BP BP.L and Shell RDSa.L by 2.3percent and 1.1 percent.
Among the rare fallers, Fresnillo FRES.L was 1.5 percentlower at the bottom of FTSE 100 as gold prices fell withinvestors coming back to equities, and J SainsburySBRY.L fell1.1 percent after an HSBC downgrade.
There was little news on mid-cap companies, although theindex is likely to come into focus soon as a parliamentary voteon Prime Minister Theresa May's disputed Brexit deal is on thehorizon in the next two weeks.
A survey on Friday suggested that a majority of May'sConservative Party members oppose her Brexit deal with theEuropean Union, less than three months before Britain is due toleaves the bloc. urn:newsml:reuters.com:*:nL8N1Z31P4
Elsewhere, house-builder shares shrugged off dismal houseprice data and gained on a Times report that said demand mayimprove if a Brexit deal is struck.
Persimmon PSN.L , Berkeley BKGH.L , Barratt BDEV.L andTaylor WimpeyTW.L all rose 2-3 percent on the main indexwhile mid-caps Bovis HomesBVS.L and BellwayBWY.L rose 1.8percent and 2.5 percent, respectively.
"Any chance, however slim, that either the current deal maysurvive, or even perhaps that Brexit effectively doesn't happen,supports Brexit-sensitive sectors like homebuilders," said KenOdeluga, City Index analyst.
However, there was little optimism as data on house prices,consumer lending, mortgage approvals and services sector allpointed to a slowdown ahead of Brexit. urn:newsml:reuters.com:*:nEONJ120SKurn:newsml:reuters.com:*:nBEL4CEF4Turn:newsml:reuters.com:*:nL9N1JU005
The small-cap Circassia PharmaceuticalsCIRCI.L dipped 16percent to a record low after restating its 2019 targets, butrecovered some ground to end 9.1 percent down.
AIM-listed Gear4musicG4M.L , which says it is Britain'slargest musical instrument and equipment retailer, sank 53percent after saying it expects lower 2019 core earnings.
(Reporting by Muvija M and Shashwat Awasthi in Bengaluru;editing by Josephine Mason and Kevin Liffey) ((Muvija.M@thomsonreuters.com; within U.S. +1 646 223 8780,outside U.S. +91 80 6749 3638; Reuters Messaging:muvija.m.thomsonreuters.com@reuters.net))
(( For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L
* For related news, click on - * UK hot stocks: [HOT and GB] Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EUTokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/
* For company prices, click on - * Company directory: UKEQ By sector: FTAX
* For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR ))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Miners saw a strong comeback after a dismal last session,with GlencoreGLEN.L , Rio Tinto RIO.L , BHP BHPB.L , AngloAmerican AAL.L and AntofagastaANTO.L all up between 4.1percent and 6.5 percent on the back of higher copper prices. Beijing said it would hold vice ministerial-level tradetalks with Washington next week, pushing Asian shares higher andeasing nerves of investors who have worried that the tusslebetween the world's two largest economies will slow the globaleconomy. "The landscape has changed recently and, given the sell-offin US stocks, and the continued weakness in Chinese equities inthe past couple of months, both sides may take a softer approachto the talks," said David Madden, analyst at CMC Markets.
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Miners saw a strong comeback after a dismal last session,with GlencoreGLEN.L , Rio Tinto RIO.L , BHP BHPB.L , AngloAmerican AAL.L and AntofagastaANTO.L all up between 4.1percent and 6.5 percent on the back of higher copper prices. * FTSE 100 rises 2.2 pct * FTSE 250 up 2.1 pct * Banks, miners, oil top boosts * U.S. jobs data lifts spirits * Homebuilders rise despite weak data (Adds analyst comment, news item, updates share moves) By Muvija M and Shashwat Awasthi Jan 4 (Reuters) - UK stock indexes bounced to three-weekhighs on Friday, lifted by positive U.S. jobs data and news of anew round of talks between Beijing and Washington that raisedhopes of a resolution to their protracted trade spat. Oil prices also rose after news of the upcoming trade talks,boosting heavyweights BP BP.L and Shell RDSa.L by 2.3percent and 1.1 percent.
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Miners saw a strong comeback after a dismal last session,with GlencoreGLEN.L , Rio Tinto RIO.L , BHP BHPB.L , AngloAmerican AAL.L and AntofagastaANTO.L all up between 4.1percent and 6.5 percent on the back of higher copper prices. * FTSE 100 rises 2.2 pct * FTSE 250 up 2.1 pct * Banks, miners, oil top boosts * U.S. jobs data lifts spirits * Homebuilders rise despite weak data (Adds analyst comment, news item, updates share moves) By Muvija M and Shashwat Awasthi Jan 4 (Reuters) - UK stock indexes bounced to three-weekhighs on Friday, lifted by positive U.S. jobs data and news of anew round of talks between Beijing and Washington that raisedhopes of a resolution to their protracted trade spat. The FTSE 100 .FTSE surged 2.2 percent and the FTSE 250 .FTMC gained 2.1 percent to bag their biggest weekly gains intwo months, showing resilience to a slew of bad macroeconomicand corporate news from China and the U.S. in the first few daysof 2019.
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Miners saw a strong comeback after a dismal last session,with GlencoreGLEN.L , Rio Tinto RIO.L , BHP BHPB.L , AngloAmerican AAL.L and AntofagastaANTO.L all up between 4.1percent and 6.5 percent on the back of higher copper prices. * FTSE 100 rises 2.2 pct * FTSE 250 up 2.1 pct * Banks, miners, oil top boosts * U.S. jobs data lifts spirits * Homebuilders rise despite weak data (Adds analyst comment, news item, updates share moves) By Muvija M and Shashwat Awasthi Jan 4 (Reuters) - UK stock indexes bounced to three-weekhighs on Friday, lifted by positive U.S. jobs data and news of anew round of talks between Beijing and Washington that raisedhopes of a resolution to their protracted trade spat. British stocks with more exposure to Asia rose, with HSBCHSBA.L and Standard Chartered adding 2.4 percent and 3.9percent, respectively, while luxury goods maker BurberryBRBY.L gained 4.6 percent.
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6795.0
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2019-01-04 00:00:00 UTC
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Herb Kelleher on Leadership, Customer Service, and Life
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AAL
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https://www.nasdaq.com/articles/herb-kelleher-leadership-customer-service-and-life-2019-01-04
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nan
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nan
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Herb Kelleher changed the world. Before founding Air Southwest Company in 1967, Herb was a young Texas lawyer frustrated with the cost of transportation throughout the state. Kelleher and his co-founder (and law client) Rollin King set out to bring those costs down. The airline almost didn't make it off the ground, facing a bevy of legal challenges as competitors maneuvered to block the young upstart. With Herb personally involved in the legal battle, the company won key cases before both the U.S. Supreme Court and the Texas Supreme Court that saved the airline from a premature demise.
When the renamed Southwest Airlines (NYSE: LUV) began flights in 1971, the company flew to only three Texas airports. Today, Southwest carries more passengers in the U.S. than any other airline. By focusing on making flights affordable and taking care of employees, Herb guided Southwest's growth as executive chairman from 1978 to 2008, and as president and CEO from 1981 to 2001. That legacy lives on today, with Southwest as the only airline that refuses to charge reservation change fees and the only one to allow customers to bring two checked bags for free.
In a statement released following Herb's passing on Jan. 3, American Airlines (NASDAQ: AAL) CEO Doug Parker may have best summarized the power of Herb's ideals, not just for airlines but for all businesses, saying, "His style presents the ultimate case study for airlines or any service company whereby if you take care of your people, they will take care of your customers, which will take care of your shareholders. That simple yet profound way of leading continues to inspire us, and we aspire to honor Herb's example." As we remember Herb's legacy, we hope you'll enjoy this conversation between Herb and Motley Fool CEO Tom Gardner recorded in 2017.
A transcript follows the video.
Tom Gardner: Herb, what happened on March 12th of 1931?
Herb Kelleher: It was a boom day for the entire globe Tom, if I do say so myself because a highly intelligent, really visionary and very handsome baby was born and named Herb.
Tom Gardner: Who is Harry Kelleher?
Herb Kelleher: My father.
Tom Gardner: And what was his work and life?
Herb Kelleher: Well he was the plant superintendent for the Campbell Soup Company in Camden, New Jersey. And then he became the general manager of the Campbell Soup Company and they had only one plant at that time. That was his occupation up until his death.
Tom Gardner: And who was Ruth Moore?
Herb Kelleher: My mother.
Tom Gardner: And what can you tell us about Ruth?
Herb Kelleher: Well, she was working at the Campbell Soup Company, which was where she met my father and after our family was blown apart at the beginning of World War II Tom, one of my brothers was killed early in 1942 and another one off in the service and my father died in early 1943, and my other sister became an expediter for RCA, was involved in war work and suddenly my mother and I were there alone from six to two within a year-and-a-half or two years. And she was just fabulous because she covered everything with me, ethics, the way you should treat people, business, we used to sit up even when I was 10 and 12 and talk until 3:00 or 4:00 in the morning. And she was absolutely fantastic in that respect because she was not only a nurturing mother, but she also fed my mind on a continuing basis. Half my diet was pabulum and the other half was thoughts and ideas.
Tom Gardner: And tell me about your brothers and sister.
Herb Kelleher: Well one of my brothers was killed in the Merchant Marine in 1942.
Tom Gardner: Richard.
Herb Kelleher : Richard, yeah. And then my other brother-
Tom Gardner: So you're 10?
Herb Kelleher: Yeah.
Tom Gardner: At that point.
Herb Kelleher: Yeah, I'm 10. And my other brother, you can tell how things have changed, he was declared 4-F because he had a heart murmur and he went to one of the leading cardiographers or cardio doctors in the United States to get a note saying it would not impede his service, so he could go into the service. He served in the Navy for four years, yeah.
Tom Gardner: What about your sister?
Herb Kelleher: She worked for RCA as an expediter on war projects, get things done faster because we need them fast. And then she married a guy that I really liked, Jack Adams and had two children, and she was a very bright, very bright and she and I occasionally we'd get into arguments and she would smash me to pieces.
Tom Gardner: Were you the youngest?
Herb Kelleher: Yeah, by far, by far.
Tom Gardner: So what was life in Haddon Heights like?
Herb Kelleher: You know, looking back on it, I think it was kind of idyllic because it's a small town. There are numerous other small towns around it, but it had a small town atmosphere and about 5, 000 people I guess. And everybody pretty much knew everybody else and it was kind of a, I guess you might say, a village where everybody looked out for everybody else. You had to be careful because people would beat on you sometimes about your misbehavior, but it was a very wonderful environment in which to grow up. And the teachers were fabulous. One of the reasons for that is that you had so many highly intelligent and competent women at that time and they didn't have opportunities in business, so they went into teaching and they were just fabulous.
Tom Gardner: Who were you as a student at Wesleyan? Like what type of student were you? What was your focus?
Herb Kelleher: Well, I'll tell you-
Tom Gardner: I think you're an English major.
Herb Kelleher: English major and philosophy minor. Yeah, and my focus was really on ideas. It wasn't so much studying in and of itself to learn facts about history, but to learn lessons from what had happened historically with the idea in mind as an example, only how to avoid them in the future.
Tom Gardner: And then you decided to become a lawyer rather than to become a journalist, so what was the-
Herb Kelleher: You know what, you're too well informed Tom.
Tom Gardner: Herb, you're one of my heroes. This is the stalker interview. Why did you choose to go into law?
Herb Kelleher: Well, I laugh about it because I took an aptitude test in my senior year and it said that I probably would fare best as an editor, a reporter or as a lawyer and I figured, "Well, if I go to law school I can avoid working for another three years. So I'm going to law school." But in actuality that's what I wanted to, was to go to law school.
Tom Gardner: And then you met your wife-
Herb Kelleher: Yes.
Tom Gardner: ... and moved to San Antonio. So can you tell us a little bit about her?
Herb Kelleher: Yeah, well, actually, she was going to school at Connecticut College-
Tom Gardner: Connecticut College.
Herb Kelleher: ... yeah, in New London and that's how we met on a blind date. And we got married but I never said anything to her about moving to Texas and she never mentioned it to me, but I was spending a lot of time in Texas because when I was working for the New Jersey Supreme Court, it was kind of like being in college, you had a lot of time off during the summer, a couple of weeks at Christmas, a couple of weeks at Easter. And I would spend all that time in Texas and I became enthralled with Texas. And finally I told her one night, I said, "You know, I'd like to be an entrepreneur. I'd like to start things. I'd like the creativity, the chemistry, the energy of it. And, I think there's a better shot at that in Texas," because Texas was kind of wild and wooly and wide open at that time, thanks mainly to the new prominence and wealth of the energy industry. The oil industry as we called it then and I said, "Let's move to San Antonio." And little tears start coursing down her cheeks. But she never said a word.
Tom Gardner: And your law practice in San Antonio was, maybe not all of it or maybe it was all of it, about helping people start businesses or helping them [crosstalk 00:06:58]-
Herb Kelleher: Well a good bit of it. I had finally fount help in forming my own law firm. Three of us from three different law firms joined together and our focus was to a great extent on helping businesses get started. And one of our clients was funny Tom, because he said, "You know, coming to you guys is kind of like one stop shopping." He said, "I'll walk in, I'm looking for a lawyer, the next thing you know I have a banker, next thing you know, I have a piece of real estate."
Tom Gardner: Then we're going public.
Herb Kelleher: And we're going public. Yeah, exactly. And of course, I loved that. I loved it, really. And I think learned some from it too by watching the pitfalls and some of the mistakes that you know, budding entrepreneurs would make.
Tom Gardner: So I guess you would say in some way that, that work you did there really set you up to create something at Southwest that without seeing one situation after another, yeah, you would have made more of those mistakes in your early years. Like you were getting a great education [crosstalk 00:07:59]-
Herb Kelleher: Yes, I was. I think I was. Exactly. And I did all kinds of things. I mean, I've tried cases. I drew wills, I drew deeds, and there's something that you learn from all of those things. Was involved in politics sort of inadvertently.
Tom Gardner: How?
Herb Kelleher: Well, I moved to Texas and was not entitled to a take the Texas Bar for I think it was six or nine months because New Jersey wouldn't admit lawyers from other states, we're out of the clerkship for six or nine months. There I was and my brother-in-law said, "You know, there's a fella going to run for governor and since you're not doing anything," basically he said, "Why don't you help us in his campaign?" It was John Connolly and when that started out Connolly had four percent name recognition in Texas and he was running against the incumbent governor, the incumbent attorney general, and I was amazed because you had a wider choice in the Democratic Primary than I'd ever seen. You had a member of the Communist Party and a member of the John Burch Society.
Tom Gardner: Oh my gosh.
Herb Kelleher: And three or four others in between and I said, "Wow, this is really wild." Well, Connolly won, and went on to become secretary of the Navy [crosstalk 00:09:25].
Tom Gardner: So you're 1-and-0 really in your one political campaign.
Herb Kelleher: Well, yeah, yeah. And I got involved in others as a byproduct of that.
Tom Gardner: And then what happened at Saint Anthony's Club?
Herb Kelleher: Well, first of all, I never drank anything there except club soda Tom, I want that to be clear on the record without any peradventure of the doubt. But Rollin and I might have discussed the formation of Southwest Airlines at the Saint Anthony Club, possibly.
Tom Gardner: And how did you know Rollin at that point and why did that conversation come up?
Herb Kelleher: Well the conversation came up because Rollin became a client of mine and so I represented his little airline, Twin Beach operating short haul out of San Antonio and he got into a squabble with a partner and I got that straightened out for him and then he became a law client of mine on a regular basis. And his banker was John Parker at the Alamo National Bank and he was talking to John One day and John had just got back from California and John said, "Do you know for eleven-dollars-and-forty-three-cents, I flew from San Diego to San Francisco on Pacific Southwest, later PSA." And he said, "Why don't you think about starting something like that in Texas?" Because Texas had the basis for that. Large state, large metropolitan areas, far enough apart to justify flying. At first, I was kind of skeptical and said to Rollin, "You know, I'm not so sure this is a good idea." But then I spent time researching PSA in California and I said, "Hey, this could really work."
Tom Gardner: What did you learn from PSA?
Herb Kelleher: Well, they were a low-fare, low-cost airline, but they also had a certain, I guess you would say panache with respect to the way that they talk to passengers and made jokes on the airplane and wore hot pants, things of that nature. They served as kind of a role model and they actually came in and said, Lamar Muse was our operating president by that time and said, "We want to sell you our operating manuals." Lamar said it, "I've already stole them."
Tom Gardner: What happened at Pacific Southwest Airlines?
Herb Kelleher: They were bought by US Air.
Tom Gardner: I mean, that ultimately would have been a great merger for the two of you, right? I mean, the airlines-
Herb Kelleher: It would have been, as it turned out, we became big rivals because we went into Phoenix and PSA ran an ad saying, "Southwest Airlines, Phoenix belongs to PSA." And I said, "Let's run an ad saying PSA, we'll meet you at the OK Corral." We were really turned into adversaries, but we saw their cost getting higher and higher, their fares getting higher and higher, and finally decided it was the time to get into California. Within a relative short period of time, we became the largest carrier of passengers and intrastate passengers in California.
Tom Gardner: So I want to talk about cost containment in a second, but before doing that, I want you to tell for the one-thousandth time, the beginning of Southwest. For somebody that's never heard the story of injunctions, litigation, all the effort that had to be put in, that seems almost preposterous today. And maybe even a little bit about the Wright Amendment and the battle for Love Field.
Herb Kelleher: I remember them all, very vividly Tom.
Tom Gardner: You lived them to almost bankruptcy. I mean maybe not bankruptcy for you, but certainly you had no income, right? Southwest was on the verge of bankruptcy, as it was trying to make its way to get really its first plane in the air.
Herb Kelleher: What happened was the incumbent carriers were not exactly warm and welcoming and hospitable, so they could test their application before the Texas Aeronautics Commission, we were an intrastate carrier, not under the CAB as a federal carrier, and that litigation went on for four-and-a-half years before we could fly and I had to go to the Texas Supreme Court.
Tom Gardner: Where did the original money come from to last four-and-a-half years?
Herb Kelleher: We raised it.
Tom Gardner: Okay and we're just going, you were like, "We'll probably be up in a year." And then when you weren't, you went back and raised another round?
Herb Kelleher: Well, we had to raise another round, but at that time we did something different because the board said in '69, "We're going to have to shut down because we've run out of money and we can't afford this litigation anymore." And I said, "Well, how about if I do it for nothing and pay the costs out of my own pocket?"
Tom Gardner: Tough to turn that down.
Herb Kelleher: "And then if we ever get started, you can reimburse me." And they said, "Well, that sounds OK." And then after we got into the air, the other carriers continued their-
Tom Gardner: Suits.
Herb Kelleher: ... energetic, energetic and [crosstalk 00:14:52] activities against Southwest Airlines.
Tom Gardner: And the basic reason they're coming after you is they know you have a great game plan.
Herb Kelleher: Well, that may have been part of it, but we were intent on democratizing the skies, because only a very small percentage of adult Americans had ever been able to afford to fly. What we produced a lot more passengers for us and them, but of course their fare yields went down, excuse me-
Tom Gardner: No problem.
Herb Kelleher: ... because it was the lower prices that accomplished that. And then after we got started, they did all kinds of things to try to put us under and they wound up getting indicted, two of them by the Justice Department.
Tom Gardner: I didn't know that.
Herb Kelleher: Oh yeah, for violation of the federal antitrust laws. And they would try to keep us out of cities that we were interested in serving by calling upon the chamber of commerce and the city council to oppose us, basically with the threat "If Southwest comes in, we'll withdraw." And then we got into a big war with them over the noise act of 1990, where they contended that you could only comply with the new quieter airplane standard by bringing in new airplanes and not getting rid of your old ones. In other words, they were trying to prevent us from expanding was the purport of it. So we got that cured. The Congress came to our rescue and aviation subcommittee said, "That's not what our statute means. You can comply either way, bringing in new airplanes, but not to replace old airplanes, just as long as you get to a fleet level of quietness."
Then they proposed changing the tax laws. Guess what? So the short haul, low fare carriers pay $240-million-dollars more in taxes here. And guess what? The big seven, as we called them then, mirable dictu, Tom. Their taxes were reduced by $240-million-dollars a year.
Tom Gardner: You didn't have your lobbyists.
Herb Kelleher: Amazing isn't it? [crosstalk 00:17:14] amazing. Anyhow, so that war went on for four years.
Tom Gardner: I know you're not going to talk yourself up ever with regard to Southwest Airlines, so I'll even remove you from this question. Do you think it was imperative for Southwest to survive and succeed that one of their founders had legal training?
Herb Kelleher: Yes. Yeah, and it wouldn't necessarily be me, but it was imperative that you have legal training and the political training didn't hurt either because they were constantly attacking us into Texas Legislature and the United States Congress. So it was going on before the administrative agencies, the battle is being waged in the courts. It was being fought in the Congress. It was being waged in the Texas Legislature and I call it the Thirty Years' War. I think that was the Punic War, if I remember correctly. But anyhow, it went on for 30 years.
Tom Gardner: History classes. I'm disappointing my history teacher by not really having information on the Punic War. You did better at Wesleyan than I did.
Herb Kelleher: Gee and one thing I remember.
Tom Gardner: So now you're up flying and would you say that-
Herb Kelleher: Well, let me just sum up all that we've been talking about over a period of four or five years, I was involved in. maybe six years, well they also tried to force us out of Love Field, but three trips to the United States Supreme Court, which is rather unusual, General Motors, US Steel and Ford hadn't been up there that often during that period of time and-
Tom Gardner: And three trips to the Supreme Court and how many planes do you have flying then? Or what's the size of Southwest as you go through those three? Just to get in context for GM and Ford.
Herb Kelleher: We probably had 12, something like that.
Tom Gardner: Yeah, that's incredible.
Herb Kelleher: And then they tried to push us out of Love Field when they opened DFW Airport. So that litigation quite separate, went on for six or eight years, yeah.
Tom Gardner: What is the significance of Love Field today for somebody who's not been to Dallas? I mean, what does it mean to Dallas? Why is it important to have?
Herb Kelleher: It's the close-in airport, which provides a lot more convenience for the people who are located in the city of Dallas and the business community in downtown Dallas. And when they opened a DFW in the Dallas area, as a compromise between the cities of Fort Worth and Dallas, who had fought each other for years over airport location and when they closed Hobby Airport and created Intercontinental-
Herb Kelleher: ... the airport. And greater Intercontinental. I was interviewed by Texas Monthly, and they said, "Why are you doing this?" And I said, "Because people wanna fly from Dallas to Houston and Houston to Dallas. They don't wanna fly from Grapevine to some other outlying city on the Houston end of it."
Tom Gardner: So the early stages of the definition of Southwest's strategy, I do wonder when you talk about your mother and what she taught you around the dinner table or into the wee hours of the morning about respecting other people -
Herb Kelleher: Absolutely.
Tom Gardner: And even the energy of or the dynamic of flying shouldn't just be for people who are wealthy. It should be available to everyone. The egalitarian nature.
Herb Kelleher: Yeah, she was very egalitarian in that respect. She was a great teacher, because she told me that I should not necessarily pay obeisance to position or title, because she said, "Pay attention to the individual. The individual may have a grand position or title but have feet of clay." You know, which I think all of us have to agree can be the case. And she also encouraged me to read very widely and unusually adult books, for someone my age. And she stimulated my curiosity in a whole lot of things that I probably never would have gotten into, and curiosity, I think, is one of the great things that can be very, very helpful to you. Because you're always looking for something different and how it might fit in to what you're doing. So I've never adhered to the philosophy that curiosity killed the cat. I look at it as curiosity informed the cat. So she played a big role in that respect.
And also the political aspects of it. Very helpful having that experience. Fighting these battles in the congress and in the Texas legislature.
Tom Gardner: Why do so many airlines go bankrupt and why has Southwest Airlines never laid off a single employee? I mean those are ... they're so extremely at polar opposites, I mean, really, the industry we know has created very little economic value in aggregate, going back to its inception.
Herb Kelleher: That's very true.
Tom Gardner: And yet Southwest Airlines has created ... has been, well certainly during your time it was the best performing stock on the S&P 500 and since then it's been a wonderful stock as well, all the way through. No layoffs, why? I mean, for a lay person that's sitting out there saying, "I have no idea why this airline's successful and all the other one's continually fail, went through bankruptcy, came back, went bankrupt again, etc."
Herb Kelleher: Some of them three times. Yep.
Well, first of all, and I think this has something to do with history and learning something about history, I was well aware that the airline industry was a very difficult industry. As you pointed out at one point, it had a net loss from its inception, which means it's fairly difficult, fairly scary. And I said, you know, you hear about regression to the mean, and I'm not quarreling with that as a formula, but how long is it going to take to regress? Is it five years? Twenty five years? Thirty eight years? So what we're gonna do is we are always gonna be very, very strong from the balance sheet standpoint, number one. One time for a long time we were the only airline had an investment grade rating from the financial community. We're gonna have lots of liquidity, and my mantra was, "We wanna manage in good times so that we do well in bad times." And there you get into the "No furlough" policy, because if you just hire a bunch of people willy nilly during good times, guess what you're doing? You're firing 'em during bad times.
So we were always well set up to ride through the bad times, and market share was not our focus. I compared market share to elephantiasis, where ...
Tom Gardner: Do you really want the largest ears in the world?
Herb Kelleher: Right, yeah. You saw me just hesitate a little, didn't ya? But my point was, I was trying to say size, in and of itself, is unimportant. I would rather have four percent of the market and be profitable than have 24 percent of the market and lose money. So we're not gonna talk about market share at all. It was verboten.
Tom Gardner: I don't know if you've read Peter Thiel's book, "Zero to One", or know about Peter Thiel -
Herb Kelleher: I do know about him.
Tom Gardner: Yeah, he said basically, from an investor's standpoint, when people pitch companies to him, when they talk about how large their market is and how ... He said, "I wanna know the smallest piece that you're gonna dominate, because I know off of that" -
Herb Kelleher: Yes, exactly.
Tom Gardner: "You have the opportunity to grow."
Herb Kelleher: Exactly.
Tom Gardner: So the other airlines weren't doing that, they were trying to get as many routes and [crosstalk 00:25:27]-
Herb Kelleher: They were at war with each other, who had the most airplanes and who'd get the most routes from the CAB and that sort of thing, and we eschewed all that. And we opened a lot of secondary airports, satellite airports, and people initially said, "Oh, you'll never make a success out of a satellite airport. Well, there's Hobby, there's Love, you know, I can run through about five or six more of them. And of course they were much more efficient to operate from. No backups. They were a lot closer and more convenient for an awful lot of people. So we did things unconventionally that way, and we tried to keep our rules very simple to promote the efficiency of the airline. And kind of operated on the philosophy that airplanes don't make money on the ground, they only make money in the air. Passengers don't pay just to sit in them, they pay to fly. So very high utilization, productivity.
Tom Gardner: What would be a gap in fare between you and a competitor at any point in history. I mean you could name one today or go back 25 years and say, "We flew from point A to point B for X and they did it for 2X", or whatever the gap was [crosstalk 00:26:43] what would be an example -
Herb Kelleher: Oh yeah, some of those contrasts are really amazing. Do you have time for one that's kind of -
Tom Gardner: Please.
Herb Kelleher: It's kind of like a burlesque.
Tom Gardner: Plenty of time.
Herb Kelleher: We went into BWI, right? And US Air was the leading carrier there, and the roundtrip fare to Cleveland from BWI was ... I don't know, $340 or something like that, and we reduced it to $56. You know, that's a considerable drop. And then US Air found out we had a "Friends Fly Free" program, so they went, matched our ... it was $24.50, they matched that, that's right. On a "Friends Fly Free" basis, OK, and then ... We went to $19 between BWI and Cleveland. So that's a pretty big saving. You know, $19 instead of $349. And the traffic increased by one thousand five hundred percent in the first year of service. That's an exaggeration, but most markets we went into increased -
Tom Gardner: Popularity of flight -
Herb Kelleher: Increased enormously. Enormously, I'm talking 100%, 200%, 300%, within a year.
Tom Gardner: So presumably, some of the ways that you hold those costs down for passengers is efficiency, hard work of everyone who's coming to work.
Herb Kelleher: Yes, exactly.
Tom Gardner: Probably not the highest salaries in the industry? I don't know whether that's true or not, you can tell me, but how can you have cost containment and balance sheet management and a great corporate culture. I mean, those things ... We think there's a big tension there and why isn't there at Southwest?
Herb Kelleher: You know what? A friend of mine recently wrote a paper that he sent to me and in it he said, "Corporations are always succumbing to the tyranny of 'No', rather than the genius of 'Yes'". And what he was pointing out is that people sit down and say, "Well, we can either have low costs and lousy customer service" -
Tom Gardner: Everything's a compromise -
Herb Kelleher: Or great customer service and high costs. And we said, "No. You can have low costs and great customer service. And guess what? We're not offering you less for less fare, we're offering you more for less fare". And part of that, of course, was our culture. First of all the warrior spirit of our employees, who pitched in in every battle. Secondly the fun and warmth and hospitality that our people provided to our passengers. And thirdly, the kind of culture that was upbeat. We didn't ask people to change and become robots or automatons, we kept telling them, "Look. We hired you because you're you."
Tom Gardner: Did anyone take that too far?
Herb Kelleher: Well, what happened ... yeah.
Tom Gardner: "I'm me, Herb, I'm not gonna wear clothes to work today."
Herb Kelleher: Well, that ... you put your finger on it, per usual. When we had somebody who did something extraordinary, we didn't put in new rules pertaining to the whole company or one of its departments, we just sat down with them individually and talked to them and said, "You cannot do that." But you know, if every time there's a sort of anecdotal incident -
Tom Gardner: A new policy comes in place -
Herb Kelleher: You put in a new policy, you're gradually strangling yourself with bureaucracy. As a matter of fact when I saw a ticket agent in San Antonio ... after I became CEO ... trying to answer a customer's question by going through these two loose leaf manuals, you know, looking for page 73, capital A, small i, we burn 'em. We burn 'em. And what we said was ... We have a substitute, it's called "Guidelines for Leaders", and the first sentence was " These are just guidelines. Feel free to break them." We were unleashing our people to be themselves with the customer. Colleen Barrett of course played a great role in that, and she called it her "Flexibility Policy". And basically she was saying, "Look, we work like crazy to hire the right people with the right attitudes. Positive, generous, caring -
Tom Gardner: [inaudible 00:31:56]
Herb Kelleher: Yeah, and so just unleash them. Unleash them -
Tom Gardner: I think many people would guess that that works when you have a hundred employees or you have 400 employees. How many people work at Southwest Airlines today and is it still true today that it's "Guidelines and feel free to break them", and "We hire people that know how to thrive in this type of ecosystem"?
Herb Kelleher: Yeah, it's still basically the same, we're much larger, but the key to that is ... And everybody else in the airline industry kept saying that to me, "Oh yeah, it's a little -"
Tom Gardner: "Give 'em time, Herb, this'll never last."
Herb Kelleher: Exactly. "It's a little Camelot now, but wait'll you get 500 employees". And then they'd say, "Wait till you get 5,000 employees." Then they'd say, "Oh, wait till you get 15,000 employees." And my response always was, "If it's job one, if it's the most important thing that you do to maintain that esprit de corps, that culture, then you can do it." Instead of putting it on the back burner. You know, as opposed to a lot of other things that come up as you get bigger. And so basically Southwest Airlines has retained that sort of attitude. Hire for attitude. Train for skills. What kind of person are you? That's what we wanna know about.
Tom Gardner: You mentioned Colleen Barrett. When did you get to know Colleen? What's her journey at Southwest? [crosstalk 00:33:21]
Herb Kelleher: Well her journey at Southwest is ... let's see ... She joined the law office I was in before I helped to start my own firm, in probably 1966 or '67. And then when I started the new firm, she joined it, and within a relatively short period of time without anybody's ever sitting down and discussing it, she was managing the whole firm. And all us palookas are walking around thinking, "Well, things sure are moving well, yes sirree, I had a great idea the other day ..." And Colleen in the meantime was doing it all, and then she got into the cataclysms that we faced, the litigation and so on, and proved to be a very able lobbyist with the legislatures. Really valuable at trials, because she always knew, Tom, who was lying and about what. You know, when I was cross examining. And then of course she came to Southwest Airlines full time and was actually on the payroll here before I was. Yeah, I was still representing Southwest, and on the board and general counsel, but she was actually on the payroll.
So I guess you'd have to say that we've been collaborating on Southwest Airlines for a period of about 50 years now.
Tom Gardner: And how do you work together today?
Herb Kelleher: Well, she tells me where to go, what to do, how to say things, and you know what? I go where she tells me, and I do what she tells me, and I say things the way she tells me to say them. So it's working out beautifully.
Tom Gardner: Now, as one of the best performing CEO's in American history ... you never wanted to be CEO.
Herb Kelleher: No.
Tom Gardner: That's interesting.
Herb Kelleher: No, it was not my ... I love practicing law, and practicing law, you know you have a lot of latitude as to how you live the other parts of your life. I mean, I've worked till two in the morning and then go home, get some sleep, come back at eleven o'clock in the morning, you know, that sort of thing -
Tom Gardner: That's a very Gardner family trait right there, that's our entire family.
Herb Kelleher: Is that right? Well, I was the same way. Working on Southwest Airlines I didn't leave my law office, eat or sleep, for two full days. And then I went home and showered, and went to a fundraiser for Southwest Airlines. And I'm sure I was most engaging.
Tom Gardner: What would you guess is your average number of sleep a night since the founding of Southwest?
Herb Kelleher: Oh, it was four or five.
Tom Gardner: Four or five, all the way through?
Herb Kelleher: Oh yeah, for 35, 40 years.
Tom Gardner: Are you napping in the afternoon, or four or five is fine for you?
Herb Kelleher: No, four or five was fine, yeah.
Tom Gardner: That's pretty incredible. Okay, a few more questions here, why do you love Wild Turkey so much?
Herb Kelleher: I'll tell ya, it's -
Tom Gardner: Why that and not Jägermeister?
Herb Kelleher: Well, Wild Turkey came to my attention before Jägermeister, and I love the mellow taste of it. And then I got to know a wonderful guy, Jimmy Russell, who's been with Wild Turkey for 60 years. And celebrated his 60th anniversary with diamond anniversary Wild Turkey, and he is a splendid person whom I greatly admired and greatly enjoyed. And so from there on out it was partly not just the fact that I liked the whiskey, but I was also very fond of Jimmy personally, and I'm glad to see that Matt McConaughey is -
Tom Gardner: Out there -
Herb Kelleher: Gonna be a spokesman for 'em, because frankly Tom, -
Tom Gardner: You're tired of carrying the mantle.
Herb Kelleher: I'm tired of carrying the brand all by myself.
Tom Gardner: Well, he's the one who's playing you in the movie, too, right? I mean there ... You're an incredibly avid reader. Who are some of the ... What are your favorite topics to read about or a book or two that you love or a writer that is at the top of your list?
Herb Kelleher: Well, I tell ya, I read about everything. Deliberately. I read about science, astrophysics is one of my hobbies. I won't pretend that I understand everything about it but, I did read -
Tom Gardner: I'm just gonna begin saying that too. There's no way to challenge that. 99% of the population's not gonna follow up and see if you really know a damn thing about astrophysics.
Herb Kelleher: Well, I've got a little legitimization, because before they confirmed the existence of Higgs boson, I read probably a 450 page book on it.
Tom Gardner: That's legit.
Herb Kelleher: Called "Massive".
Tom Gardner: And so you didn't have any science training in ... That was not part of your ...
Herb Kelleher: At Wesleyan, one of my greatest classes was "The Philosophy of Science". I wasn't particularly interested in philosophy, but this professor was absolutely fantastic. It was his first year, I later found out, and it was really not formula-y. It was, "What are the great philosophical concepts of science? Where did it start in philosophy? How did it evolve from there?" And it captured my imagination. And I thought, "There's a whole big space here that I haven't done enough in." So that's when I started really getting interested in science, but I read history, I read biography [crosstalk 00:39:05] -
Tom Gardner: How many books do you think you read in a year?
Herb Kelleher: I read science fiction. You know?
Tom Gardner: How many books in a year do you think you ... on average, over the last 20 years?
Herb Kelleher: How many books a year, per year?
Tom Gardner: Mm-hmm (affirmative).
Herb Kelleher: I would guess probably 40 to 50.
Tom Gardner: Great. A book a week.
Herb Kelleher: Almost. Yeah. But you see I used to ... as I told you, about our respective night time habits. I -
Tom Gardner: When are you reading, Herb?
Herb Kelleher: I get home late, at maybe eleven o'clock from the office, and I just sit down and read something for two, three, four hours.
Tom Gardner: Is that true of you today? You get home from Southwest [crosstalk 00:39:53] -
Herb Kelleher: No, I can't do it anymore. I don't have the stamina that I used to. But that went on for 50, 55 years.
Tom Gardner: Have you ever been afraid a -
Herb Kelleher: 50, 55 years.
Tom Gardner: Hmm.
Herb Kelleher: Yeah.
Tom Gardner: Have you ever been afraid aboard a flight?
Herb Kelleher: Never.
Tom Gardner: Mm-hmm (affirmative).
Herb Kelleher: Never, Tom. And I understand why you ask that question, but I was in love with airplanes and commercial airplanes before I ever thought about going into the airline business, myself. And I have flown in every kind of airplane that you could think of. Experimental airplanes, you know, where you put your hand up against the fuselage and it starts [crosstalk 00:40:30].
Tom Gardner: What do we think of Harrison Ford out there, now?
Herb Kelleher: Oh, Jesus. [crosstalk 00:40:34]
Tom Gardner: Do we feel good about the fact that he is probably going ... he's taking a lot of experimental flights himself.
Herb Kelleher: I know him, through various aviation functions, and you know, he's really a superb pilot.
Tom Gardner: Mm-hmm (affirmative).
Herb Kelleher: I don't know what happened on that particular occasion, but I can tell you that it's even happened to commercial airlines. [inaudible 00:40:53] took off on a taxiway at DFW instead of the runway one day.
Tom Gardner: Wow.
Herb Kelleher: But he's the kind of guy ... there was a climber lost in the Teton Mountains up in Wyoming, and he has a home outside Jackson Hole. And he climbs into his helicopter and single handedly goes out and picks the guy off the mountain and rescues him.
Tom Gardner: Wow. Wow.
Herb Kelleher: Yeah.
Tom Gardner: Awesome. How do you invest?
Herb Kelleher: Inartfully.
Tom Gardner: What would be some examples of one or two success stories in your investment career?
Herb Kelleher: Well, Southwest Airlines.
Tom Gardner: That's been pretty good.
Herb Kelleher: That's been pretty good. But Tom, I always turned down what the consultants recommended. I always said no. That's too big, this is too much stock. I really did.
Tom Gardner: Mm-hmm (affirmative).
Herb Kelleher: You know, one of our directors stood up at shareholder's meeting one day one year and said, "You know, I think Herb just gave up about 50 million dollars worth of compensation."
Tom Gardner: Oh, you're turning down the stock grants that grants that the company was offering you.
Herb Kelleher: Yes. That the consultant-
Tom Gardner: Because you viewed them as too ... like, the compensation consultants that were advising Southwest's board on how to provide compensation to you were suggesting grants that were too large in your opinion and so you turned them down. Even though most of your ... certainly most of your comp, and most of your wealth, has been accumulated through stock options and stock at Southwest.
Herb Kelleher: Yeah, but through stock that had no value based on my contract at the time, and later on became very valuable for everybody.
Tom Gardner: Well, I want to talk a little bit about the profit share plan in a second, but ... so for you, when it came time for the board to accept the consultant's guidance on how much equity you should be granted, you said that's too much. There were occasions where you said that's too much.
Herb Kelleher: Yes. I said the bonus is too big, the salary's too big, and there are too many stock options involved. Long term incentive stock options. And so what I would do basically is, I would look at the consultant's report and I would say, "Well, I'll put myself in the 37th percentile." Okay? Even though we were more profitable than-
Tom Gardner: The others.
Herb Kelleher: Other airlines. And then-
Tom Gardner: 37th percentile of bankrupt airlines.
Herb Kelleher: Yeah, right. I did get a kick one time because somebody pointed out to me that the then chief of another airline, which was teetering on the edge of bankruptcy, was paid three times as much as I was. And I said, "That's the way I want it. That's part of leadership." You know? I want the people to know that I'm for them, I'm not here for me. You know, that sort of thing.
Tom Gardner: Mm-hmm (affirmative). If you had, let's say, two or three leadership principles ... if you had to boil them down to two or three, maybe you just sort of touched on one of them, but I hate to just try and get a little soundbite, but what would be your top two or three principles as a leader?
Herb Kelleher: I would say that, number one, you have to look out for the wellbeing of others more than you do for your own. Number two, that you have to really rejoice in your people and their accomplishments, and praise them and recognize them all the time for what they have achieved. And be humble, I think. Be humble, never think you've done something so great that now you're at the top of the pyramid, because that's when the pyramid starts to collapse, and you slide down on your face. Never be complacent.
Tom Gardner: How about two or three principles of business strategy that might apply more broadly than just the airline industry? For an entrepreneur or CEO that's looking at their game plan, and that maybe has overlooked the responsibility of having a strong balance sheet so that you can be resilient in a down period, or ... so maybe two or three strategic principles.
Herb Kelleher: Well, first of all, if one of your principles is that you're not going to furlough, that in and of itself is an incentive to stay lean. Even when times are really good. You know, it's a discipline, and a valuable one I think. Number two, particularly with respect to young entrepreneurs, including myself, they're optimists, Tom. And I think ... and that optimism is needed to be an entrepreneur. Year one. I ought to be interviewing you. But sometimes you don't realize how long it's going to take, and how much capital it's going to take to bring it to realization. And so you don't raise enough money at the beginning. And sometimes, with the young people I have found ... representing young people who want to start up their own businesses, I've found that they think that just having the idea is all they have to do. And I keep telling them, no, there's a lot of sweat that goes into it. You just don't announce your idea and suddenly golden coins start raining down from heaven like manna on you. And there's a hell of a lot of lonely work to do to make it come to pass and to be successful.
But the thing that I have always emphasized is culture, because I think that is the most powerful competitive weapon that you can have. Because it's intangible. It's spiritual. You can't buy it. Other airlines can buy airplanes, they can lease space, but if they don't have the kind of outgoing, participative, happy, devoted culture that you have, you're going to have the edge on them. I always told our people that the intangibles are more important than the tangibles.
Tom Gardner: Mm-hmm (affirmative). Is there a single story that comes to you right now, and maybe not across all Southwest's history, about the employee or teammate of yours at Southwest Airlines that did something remarkable for somebody else on their team, or for one of the passengers?
Herb Kelleher: Yeah. Well, I'll tell you what, I've got several stories that just jumped into my mind. There are thousands of them, but these will serve as exemplars with respect to what you asked. One of them is that a lady had a flat tire in the parking lot at a terminal, an air terminal, and our station manager stops and says, "Let me change that tire for you." And she said, "Well, I don't think you should, because I didn't fly on Southwest Airlines." He said, "That doesn't make any difference, I just want to help you change your tire, no matter who you flew on." And we honor people for the great things they do outside Southwest Airlines, not just inside, the great things they do in society in general and hold them up as role models.
And another one ... this was really sad, but this father was taking his son on a hunt and had bought him a new shotgun for the occasion. So of course, the teenager was all excited, and we misplaced the shotgun. So our station manager says, "You've got enough time, hold on, I'll be back." Goes home, gets his own shotgun, and brings it back and says, "Use this on your hunt." That kind of thing. And our people do that all the time. They will find somebody out who's kind of been abandoned or neglected in the airport for one reason or another, and they will provide them with lodging, give them money for food, drive them to their homes if they're bereft of any funds. And they just do that continually because of the great people that they are.
You know, Colleen has always said, "It's very simple, just follow the golden rule." You know, and forget everything else. It's been very successful, I think.
Tom Gardner: So when I as an investor look out over the landscape of business, and having been taught by our ... well, both of our parents, but probably our dad a little bit more, about business and investing and the game of business and investing.
Herb Kelleher: Yes.
Tom Gardner: One of the things I've observed, which I think we've talked about in the past, is the incredible performance of public companies, in aggregate. There are obviously failures or there's fraud in some of these cases.
Herb Kelleher: Right.
Tom Gardner: But the incredible performance of businesses where the founder is the CEO.
Herb Kelleher: Yes.
Tom Gardner: Why?
Herb Kelleher: Well, I think, you know, there are some situations where some of the gurus of academia have said in the past, Tom, that founders can't run companies that they found because they don't have the discipline. That's not so. When I took over Southwest Airlines, as an example, two of the analysts, sell side analysts in New York said, "Sell Southwest Airlines stock, because he's a lawyer, and lawyers don't know how to run companies." Well, we did pretty well, despite that, and maybe my not knowing much about it was helpful in some ways.
Tom Gardner: Fresh eyes.
Herb Kelleher: Fresh eyes. Fresh eyes. Exactly. And I don't think that's true, at all. I think founders have the passion, you know, that you need. Now, they have to succumb to some disciplines, I understand that. You know, you can't run it like a one man show when you've got 10 thousand people, but I don't think that should be a general rule. There was one in Texas where it was the rule. In essence, he founded three successful companies, big successful companies, got kicked out of all of them. You know? Because he was a creative genius, but he didn't want to go beyond that, and he just wanted to continue coming up with ideas for new companies.
So I don't think there's any rule. I mean, it's just like people that said when I stepped down as CEO, they said, "Well ..." I was chairman of the board for eight years thereafter, and a lot of the ... a good many [inaudible 00:51:33]said, "No founder, no former CEO, should ever remain at a company after he steps down in effect. And the problem is that he and the incoming CEO [inaudible 00:51:51] struggle for attention." Et cetera, et cetera. "And enter into a competition." Well, I instantly said, " No. Gary, it's yours. Don't pay an attention."
Tom Gardner: A Navy ship.
Herb Kelleher: Don't pay an attention. Right. Navy ship, a beautiful comparison. Don't pay any attention to me, whatsoever. I won't be going out among the people the way I used to. That hurts me more than anything else, emotionally. But it's just total hands off. And I remember when C.R. Smith, founder of American wrote when successor took over, and it was hilarious. It was a letter, which this guy found on his desk after C.R. had stepped down. And he opened it up and it said, "I have five suggestions for you. One, two, three, four." And you know what the fifth was? Never pay any attention to my suggestions.
Tom Gardner: The way to do it.
Herb Kelleher: So Colleen and I immediately took ... low profile. As we should. And you know, if people at Southwest Airlines want to come talk to us or-
Tom Gardner: You're readily available.
Herb Kelleher: ... ask us to come talk to them, we're available. But we never push ourselves on anybody. And Gary's a great friend, and he's been a superb CEO, and I don't think he ever feels any pressure or unease about the two of us being around.
Tom Gardner: My last two questions. These are actually two relatively short, and they're ... One of them is, what was it like on 9/11 at Southwest Airlines?
Herb Kelleher: Oh.
Tom Gardner: What was the experience of running an airline during that, and what did you see emerge at the culture, and ... yeah, what was the day like?
Herb Kelleher: Well-
Tom Gardner: Or the days around it.
Herb Kelleher: It was, of course, a horrible shock when we realized it was a terrorist attack. I immediately got ahold of the board of directors and told them this was a huge emergency, and that we were going to have to take a lot of actions quickly and spontaneously to respond, but I would keep them informed of what we were doing. I just didn't have time to convene board meetings every day. You know? And then we went into an officer's meeting, and I announced that I thought the airline world had just changed. Not just for the day or the week, but for the future. And Gary Kelly said the same thing, and we worked out a plan as to how we were going to keep the company afloat, and we instantaneously set about bringing in all the available money that we had, not knowing whether people were going to allow us to do that or not, but they came through. The banks came through. We immediately had to set about taking care of all of our crews, because they had to land in places we didn't serve. You know, FAA. You've got an hour, you're down.
So there's another example of our spirit, spirit of our people, and how they like to serve. We're trying to get ahold of this captain who's in an offline airport, and we call the hotel and they said, "Well, he's not here right now. He just took all the passengers to a movie." We called another one and said, "Well, we need to talk to you and find out how your passengers are doing." And the guy who was there said, "Well, they're not here, because your pilot bought them all tickets on Amtrak to get home." That kind of volunteer spirit, you know, is absolutely invaluable. And so we always try to encourage that in all of our folks, and it's one thing that really helped the buoy us up and carry us through that disastrous period after 9/11. Because nobody was sure what the aftermath of that was going to be.
Tom Gardner: How long was it before you were flying again?
Herb Kelleher: Let's see ... we came back up on the 14th.
Tom Gardner: Mm-hmm (affirmative).
Herb Kelleher: And our first flight out of Lovefield ... was out of Lovefield. And the whole general office was out by the fence crying and singing God Bless America as the first flight of ours took off.
Tom Gardner: Mm-hmm (affirmative).
Herb Kelleher: But it was a very harrowing time, and there were a lot of things to be worked out on an entirely new platform. You know, the new security platform. And I was appointed as one of the point people for the airline industry, along with a fellow from American, and one from Northwest. I must say that working with the FAA, and then the TSA, and then the Department of Homeland Security was a very rewarding experience, because they don't operate things. You know? They don't operate airlines. They don't operate airports. We're the ones that process passengers, and they were very agreeable to suggestions that we had. It was not like, I suggested this and therefore it's sacrosanct. They were very agreeable and very open.
Tom Gardner: Mm-hmm (affirmative).
Herb Kelleher: So it was a great relationship, for the most part. But there were tremendous hurdles that had to be overcome. We had to change our whole technology, because of the new security requirements with respect to processing passengers. That was done very quickly, and very effectively.
Tom Gardner: Last question. You talked about being a founder and the amount of ... number of hours of sleep you got, on average, the decades that you put into it. I know that you don't really have probably any regrets, but why don't you? You've given so much of your life to one organization. Do you have any sense of, "Gosh, I wonder if I had taken five years and gone and done that my life might have had this?" So, how do you view your commitment to a single ship that you've been sailing on for 50 years?
Herb Kelleher: I have no regrets, whatsoever. Because if a father has a daughter or a son, I believe that father is going to commit himself to a single ship for as long as that ship is afloat. And so I've always said I'm so fortunate because my advocation is simultaneously my vocation, so there's no challenge. There's no tension. There's no hostility between the two. I'm doing what I love to do for a company I love and helped to create, and for people that I adore. And what could be more rewarding, more enjoyable, than that? I've referred to our people as my fountain of youth. I said, you know, Ponce Deleon was in the wrong place looking for the fountain of youth in Florida. He should have come to work for Southwest Airlines, that's where you find your fountain of youth. From our people.
The Motley Fool owns shares of and 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In a statement released following Herb's passing on Jan. 3, American Airlines (NASDAQ: AAL) CEO Doug Parker may have best summarized the power of Herb's ideals, not just for airlines but for all businesses, saying, "His style presents the ultimate case study for airlines or any service company whereby if you take care of your people, they will take care of your customers, which will take care of your shareholders. Herb Kelleher: Well, they were a low-fare, low-cost airline, but they also had a certain, I guess you would say panache with respect to the way that they talk to passengers and made jokes on the airplane and wore hot pants, things of that nature. Tom Gardner: So the early stages of the definition of Southwest's strategy, I do wonder when you talk about your mother and what she taught you around the dinner table or into the wee hours of the morning about respecting other people - Herb Kelleher: Absolutely.
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In a statement released following Herb's passing on Jan. 3, American Airlines (NASDAQ: AAL) CEO Doug Parker may have best summarized the power of Herb's ideals, not just for airlines but for all businesses, saying, "His style presents the ultimate case study for airlines or any service company whereby if you take care of your people, they will take care of your customers, which will take care of your shareholders. With Herb personally involved in the legal battle, the company won key cases before both the U.S. Supreme Court and the Texas Supreme Court that saved the airline from a premature demise. And what he was pointing out is that people sit down and say, "Well, we can either have low costs and lousy customer service" - Tom Gardner: Everything's a compromise - Herb Kelleher: Or great customer service and high costs.
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In a statement released following Herb's passing on Jan. 3, American Airlines (NASDAQ: AAL) CEO Doug Parker may have best summarized the power of Herb's ideals, not just for airlines but for all businesses, saying, "His style presents the ultimate case study for airlines or any service company whereby if you take care of your people, they will take care of your customers, which will take care of your shareholders. Tom Gardner: So the other airlines weren't doing that, they were trying to get as many routes and [crosstalk 00:25:27]- Herb Kelleher: They were at war with each other, who had the most airplanes and who'd get the most routes from the CAB and that sort of thing, and we eschewed all that. Herb Kelleher: Yeah, it's still basically the same, we're much larger, but the key to that is ... And everybody else in the airline industry kept saying that to me, "Oh yeah, it's a little -" Tom Gardner: "Give 'em time, Herb, this'll never last."
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In a statement released following Herb's passing on Jan. 3, American Airlines (NASDAQ: AAL) CEO Doug Parker may have best summarized the power of Herb's ideals, not just for airlines but for all businesses, saying, "His style presents the ultimate case study for airlines or any service company whereby if you take care of your people, they will take care of your customers, which will take care of your shareholders. Tom Gardner: How? Tom Gardner: I didn't know that.
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Zacks.com featured highlights include: ArcBest, American Airlines, Cardinal, Century Aluminum and CVS
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include%3A-arcbest-american-airlines-cardinal-century-aluminum
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For Immediate Release
Chicago, IL - January 4, 2019 - Stocks in this week's article are ArcBest Corp.ARCB , American Airlines GroupAAL , Cardinal HealthCAH , Century Aluminum CompanyCENX and CVS Health Corp.CVS .
5 Broker Favorite Stocks to Watch Out For
Proper guidance is often the difference between success and failure in life. The same holds true for the investing world. The need for proper guidance is all the more required now as the Q4 earnings season is not too far away. Investors are on the lookout for stocks, which have the potential to surpass earnings expectations in the upcoming reporting cycle. It is a well-known fact that earnings beat generally leads to stock price appreciation.
However, the task of designing one's portfolio with outperformers is by no means an easy one. The uncertainties in the investment world make the task of selecting stocks for handsome returns a daunting one. Moreover, a number of stocks flood the market at any given point in time. In the absence of proper guidance, identifying a winning stock is akin to searching for 'a needle in a haystack' for an investor. The proper guidance, in this respect, comes from brokers who are deemed to be experts, equipped with vast knowledge of investing.
Of the three types of brokers/analysts (sell-side, buy-side and independent) present in the investment world, sell-side analysts are most common. Various brokerage firms employ them to provide unbiased opinion to investors after thorough research. Buy-side analysts are employed by hedge funds, mutual funds etc. while the independent ones simply sell their reports to investors.
Be Guided by Earnings Estimate Revisions
Broker ratings are backed by sound logic and are by no means arbitrary. Brokers not only scrutinize the publicly available financial documents but also attend company conference calls and other presentations. Naturally, it is in the best interest of investors to pay heed to such well-researched information as they aim to generate maximum returns from their portfolio.
Since brokers closely follow the stocks in their coverage, they revise earnings estimates only after carefully examining the pros and cons of an event for the concerned company. In fact, a rating upgrade or downgrade by brokers has the potential to influence the price of the stock.
Naturally, when investors see brokers revise estimates or recommendation on a stock, they often assume that there is something that has attracted analysts' attention. In fact, a rating upgrade generally leads to stock price appreciation. Similarly, the price of a stock may plummet following a rating downgrade.
Estimates can move north for a number of reasons - favorable earnings performance, a bullish guidance, product launch or any favorable macro scenario.
Ignore the Top Line at Your Own Peril
A strategy designed solely on the basis of the bottom line is unlikely to result in a winning strategy. According to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance, especially in an environment of revenue weakness due to macroeconomic headwinds like a strong dollar or lackluster demand for travel (which will hurt travel-focused companies). To address top-line concerns, we have included in our screen the price/sales ratio, which serves as a strong complementary valuation metric.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/345487/5-broker-favorite-stocks-to-watch-out-for
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
ArcBest Corporation (ARCB): Free Stock Analysis Report
Century Aluminum Company (CENX): Free Stock Analysis Report
CVS Health Corporation (CVS): Free Stock Analysis Report
Cardinal Health, Inc. (CAH): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL - January 4, 2019 - Stocks in this week's article are ArcBest Corp.ARCB , American Airlines GroupAAL , Cardinal HealthCAH , Century Aluminum CompanyCENX and CVS Health Corp.CVS . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Century Aluminum Company (CENX): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report To read this article on Zacks.com click here. Since brokers closely follow the stocks in their coverage, they revise earnings estimates only after carefully examining the pros and cons of an event for the concerned company.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Century Aluminum Company (CENX): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - January 4, 2019 - Stocks in this week's article are ArcBest Corp.ARCB , American Airlines GroupAAL , Cardinal HealthCAH , Century Aluminum CompanyCENX and CVS Health Corp.CVS . For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/345487/5-broker-favorite-stocks-to-watch-out-for Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Century Aluminum Company (CENX): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - January 4, 2019 - Stocks in this week's article are ArcBest Corp.ARCB , American Airlines GroupAAL , Cardinal HealthCAH , Century Aluminum CompanyCENX and CVS Health Corp.CVS . For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/345487/5-broker-favorite-stocks-to-watch-out-for Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Century Aluminum Company (CENX): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - January 4, 2019 - Stocks in this week's article are ArcBest Corp.ARCB , American Airlines GroupAAL , Cardinal HealthCAH , Century Aluminum CompanyCENX and CVS Health Corp.CVS . They're virtually unknown to the general public.
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2019-01-04 00:00:00 UTC
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Delta (DAL) Stock Plummets on Q4 Unit Revenue View Cut
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https://www.nasdaq.com/articles/delta-dal-stock-plummets-on-q4-unit-revenue-view-cut-2019-01-04
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Shares of Delta Air LinesDAL slipped to a 52-week low of $45.08 during the trading session on Jan 3, before retracing a bit to close at $45.61. This mirrors an 8.9% decline from Jan 2's closing price. Notably, it was the worst single day decline (in percentage terms) suffered by the stock since Jun 4, 2012.
Why the Debacle?
The bearish fourth-quarter 2018 unit revenue view issued by of this Atlanta, GA-based carrier led to the sharp decline in stock price. Delta now expects adjusted total revenue per available seat mile (TRASM: a key measure of unit revenue) to increase approximately 3% on a year-over-year basis. This compares unfavorably to the previous guidance, which had called for an approximately 3.5% rise in this key metric.
Per Delta, slower-than-expected improvement in close-in yield (prices of tickets sold close to departure) in late December compelled the company to trim its guidance for this key metric. In fact, this was the second time that Delta had trimmed its fourth-quarter unit revenue forecast in a short span of time. In December, the carrier said that it expects unit revenues to rise 3.5% compared with the 3-5% improvement predicted in October.
Furthermore, this Zacks Rank #3 (Hold) stock's weak guidance sent shivers across the entire U.S. airline industry, with share prices of other key sector participants like American Airlines AAL , United Continental Holdings UAL and Alaska Air Group ALK declining significantly on Jan 3. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Also, the airline selloff resulted in the NYSE ARCA Airline Index declining approximately 3.9% on Jan 3. This is because investors fear that airline profitability in 2019 might be hampered in the current low-fuel cost scenario as airlines may reduce fares to attract customers. Moving ahead, this might trigger a price war among carriers apart from hurting capacity discipline.
Other Aspects of the Q4 Guidance
Coming back to Delta, the carrier reduced its fourth-quarter 2018 projection for fuel costs per gallon from the $2.47-$2.52 range to $2.38-$2.43 due to the declining trend in oil prices . Non-fuel unit costs are expected to be down approximately 0.5%. Capacity is anticipated to expand approximately 4%.
Delta expects earnings per share between 1.25 and $1.30. Total revenues are anticipated to grow approximately 7%, excluding third-party refinery sales. Additionally, the pre-tax margin is predicted between 10% and 11%. The Zacks Consensus Estimate for earnings per share and revenue growth is pegged at $1.27 and 6.1%, respectively.
Delta Air Lines, Inc. Price
Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote
December Traffic Report
Delta trimmed its Q4 unit revenue forecast while releasing its December traffic data. Consolidated traffic, measured in revenue passenger miles (RPMs), came in at 17.63 billion, up 5.4% year over year. Consolidated capacity (or available seat miles/ASMs) increased 5.4% to 20.94 billion on a year-over-year basis. Meanwhile, consolidated load factor or percentage of seats filled by passengers remained flat at 84.2% as traffic growth matched capacity expansion.
Additionally, the carrier recorded an on-time performance (mainline) of 89.1% and a completion factor (mainline) of 99.9%. Approximately, 15.3 million passengers boarded Delta in the month, up 6.2%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Furthermore, this Zacks Rank #3 (Hold) stock's weak guidance sent shivers across the entire U.S. airline industry, with share prices of other key sector participants like American Airlines AAL , United Continental Holdings UAL and Alaska Air Group ALK declining significantly on Jan 3. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Per Delta, slower-than-expected improvement in close-in yield (prices of tickets sold close to departure) in late December compelled the company to trim its guidance for this key metric.
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Furthermore, this Zacks Rank #3 (Hold) stock's weak guidance sent shivers across the entire U.S. airline industry, with share prices of other key sector participants like American Airlines AAL , United Continental Holdings UAL and Alaska Air Group ALK declining significantly on Jan 3. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Delta Air Lines, Inc. Price Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote December Traffic Report Delta trimmed its Q4 unit revenue forecast while releasing its December traffic data.
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Furthermore, this Zacks Rank #3 (Hold) stock's weak guidance sent shivers across the entire U.S. airline industry, with share prices of other key sector participants like American Airlines AAL , United Continental Holdings UAL and Alaska Air Group ALK declining significantly on Jan 3. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Delta Air Lines, Inc. Price Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote December Traffic Report Delta trimmed its Q4 unit revenue forecast while releasing its December traffic data.
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Furthermore, this Zacks Rank #3 (Hold) stock's weak guidance sent shivers across the entire U.S. airline industry, with share prices of other key sector participants like American Airlines AAL , United Continental Holdings UAL and Alaska Air Group ALK declining significantly on Jan 3. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. The bearish fourth-quarter 2018 unit revenue view issued by of this Atlanta, GA-based carrier led to the sharp decline in stock price.
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6798.0
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2019-01-03 00:00:00 UTC
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Thursday Sector Laggards: Semiconductors, Airlines
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AAL
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https://www.nasdaq.com/articles/thursday-sector-laggards-semiconductors-airlines-2019-01-03
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In trading on Thursday, semiconductors shares were relative laggards, down on the day by about 3.9%. Helping drag down the group were shares of STMicroelectronics ( STM ), down about 11.8% and shares of Universal Display Corporation ( OLED ) off about 10.8% on the day.
Also lagging the market Thursday are airlines shares, down on the day by about 2.9% as a group, led down by Delta Air Lines ( DAL ), trading lower by about 8.3% and American Airlines Group ( AAL ), trading lower by about 6.7%.
VIDEO: Thursday Sector Laggards: Semiconductors, Airlines
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Thursday are airlines shares, down on the day by about 2.9% as a group, led down by Delta Air Lines ( DAL ), trading lower by about 8.3% and American Airlines Group ( AAL ), trading lower by about 6.7%. In trading on Thursday, semiconductors shares were relative laggards, down on the day by about 3.9%. VIDEO: Thursday Sector Laggards: Semiconductors, Airlines The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Thursday are airlines shares, down on the day by about 2.9% as a group, led down by Delta Air Lines ( DAL ), trading lower by about 8.3% and American Airlines Group ( AAL ), trading lower by about 6.7%. VIDEO: Thursday Sector Laggards: Semiconductors, Airlines The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Thursday are airlines shares, down on the day by about 2.9% as a group, led down by Delta Air Lines ( DAL ), trading lower by about 8.3% and American Airlines Group ( AAL ), trading lower by about 6.7%. VIDEO: Thursday Sector Laggards: Semiconductors, Airlines The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Thursday are airlines shares, down on the day by about 2.9% as a group, led down by Delta Air Lines ( DAL ), trading lower by about 8.3% and American Airlines Group ( AAL ), trading lower by about 6.7%. In trading on Thursday, semiconductors shares were relative laggards, down on the day by about 3.9%. Helping drag down the group were shares of STMicroelectronics ( STM ), down about 11.8% and shares of Universal Display Corporation ( OLED ) off about 10.8% on the day.
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6799.0
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2019-01-03 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Apple, Celgene, GM, Best Buy, Gilead
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AAL
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https://www.nasdaq.com/articles/us-stocks-move-apple-celgene-gm-best-buy-gilead-2019-01-03
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
U.S. stocks fell on Thursday as a key gauge of factory activity suffered its biggest drop in a decade, rattling investors already spooked by a rare profit warning from Apple Inc.
The top three S&P 500 percentage gainers:
** Celgene Corp, up 24.4 pct
** Incyte Corp, up 7.7 pct
** Weyerhaeuser Co, up 4.8 pct
The top three S&P 500 percentage losers:
** Bristol-Myers Squibb Co, down 12.9 pct
** Skyworks Solutions Inc, down 9.7 pct
** Qorvo Inc Ord, down 9.3 pct
The top two NYSE percentage gainers:
** Sanchez Midstream Partners LP, up 22.4 pct
** Mogu Inc, up 16 pct
The top three Nasdaq percentage gainers:
** Phunware Inc, up 47.5 pct
** BioXcel Therapeutics Inc, up 37.5 pct
** Integrated Media Technology Ltd, up 27.2 pct
The top three Nasdaq percentage losers:
** Datasea Inc, down 18.2 pct
** Beigene Ltd, down 11.7 pct
** Lindblad Exp Eiw, down 11.3 pct
** Apple Inc: down 8.1 pct
Street View: Apple takes a hit from weak iPhone forecast, China headwinds
** Cirrus Logic Inc: down 6.2 pct
** Skyworks Solutions Inc: down 9.7 pct
** Broadcom Inc: down 6.5 pct
** Micron Technology Inc: down 4.6 pct
** Advanced Micro Devices Inc: down 7.9 pct
** Texas Instruments Inc: down 4.3 pct
** NXP Semiconductors N.V.: down 2.5 pct
** Analog Devices Inc: down 5.0 pct
Chipmakers on Apple cut: More reason to dump, rather than add - MS
** Best Buy Co Inc: up 0.3 pct
Apple revenue warning jolts Best Buy
Apple cuts sales forecast as China sales weaken; iPhone pricing in focus
** Celgene Corp: up 24.4 pct
Jumps on buyout offer from Bristol-Myers
Street View: Celgene finds exit strategy with Bristol-Myers deal
Bristol-Myers bulks up cancer portfolio with $74 blnCelgene deal
** General Motors Co: down 3.1 pct
Skids as U.S. Q4 sales fall
GM U.S. new vehicle sales fall 2.7 pct in fourth quarter
** Gilead Sciences Inc: up 4.7 pct
Gains after Oppenheimer upgrades on new CEO
** Amazon.com Inc: down 1.1 pct
** Patterson Companies Inc: up 0.4 pct
** Henry Schein Inc: down 2.6 pct
Dental supply market fraught with challenges in 2019
** Allergan Plc: up 2.1 pct
** AbbVie Inc: down 2.2 pct
U.S. branded drug prices to keep rising over next 3 yrs - Cowen
** First Solar Inc: up 3.2 pct
Shares higher as Goldman Sachs upgrades to "buy"
** Sesen Bio Inc: down 35.1 pct
Falls after a 5-day high as prelim data from lead drug disappoints
** Izea Worldwide Inc: up 13.3 pct
Jumps after securing December contracts
** Array Biopharma Inc: up 1.2 pct
Guggenheim picks Array Biopharma as favorite biotech stock for 2019
** Emerson Electric Co: down 0.8 pct
** Honeywell International Inc: down 0.5 pct
** Ingersoll-Rand Plc: down 0.5 pct
Credit Suisse upgrades Emerson, Honeywell to 'outperform'
** Aevi Genomic Medicine Inc: down 75.3 pct
Tumbles as ADHD trial fails
** Valeritas Holdings Inc: up 3.3 pct
Rises in heavy trading on positive news for insulin device
** Ohr Pharmaceutical Inc: up 54.6 pct
Jumps on merger deal with NeuBase Therapeutics
** Cocrystal Pharma Inc: up 8.5 pct
Jumps on entering licensing deal with Merck
** Alliqua BioMedical Inc: up 10.6 pct
Jumps on special dividend plan
** Lumentum Holdings Inc: down 7.1 pct
Analysts defend Apple supplier despite iPhone weakness
** United Technologies Corp: down 2.7 pct
Citi resumes at "neutral," sees volatility ahead
** Tapestry Inc: down 2.4 pct
** Capri Holdings Ltd: down 4.5 pct
** Ralph Lauren Corp: down 2.9 pct
** Tiffany & Co: down 1.6 pct
U.S luxury goods makers: Lose sheen on Apple's revenue cut
** Alphabet Inc: down 1.7 pct
Canaccord raises to 'buy,' calls it most defensive FANG stock
** United Continental Holdings Inc: down 5.1 pct
** Southwest Airlines Co: down 2.3 pct
** JetBlue Airways Corp: down 1.4 pct
** Alaska Air Group Inc: down 5.3 pct
** Spirit Airlines Inc: down 5.5 pct
U.S. airlines: Fall after Delta cuts Q4 unit revenue estimate
** BioXcel Therapeutics Inc: up 37.5 pct
Jumps on positive data in early stage Alzheimer's study
** Albemarle Corp: down 5.3 pct
Falls after Berenberg downgrades to "hold"
** Starbucks Corp: down 3.6 pct
Shares down after rival Luckin's aggressive China expansion plan
** Marriott International Inc: down 3.4 pct
** Hilton Worldwide Holdings Inc: down 3.5 pct
** Hyatt Hotels Corp: down 2.1 pct
Hotel stocks sag on Apple'sChina woes
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Thursday as a key gauge of factory activity suffered its biggest drop in a decade, rattling investors already spooked by a rare profit warning from Apple Inc. The top three S&P 500 percentage gainers: ** Celgene Corp, up 24.4 pct ** Incyte Corp, up 7.7 pct ** Weyerhaeuser Co, up 4.8 pct The top three S&P 500 percentage losers: ** Bristol-Myers Squibb Co, down 12.9 pct ** Skyworks Solutions Inc, down 9.7 pct ** Qorvo Inc Ord, down 9.3 pct The top two NYSE percentage gainers: ** Sanchez Midstream Partners LP, up 22.4 pct ** Mogu Inc, up 16 pct The top three Nasdaq percentage gainers: ** Phunware Inc, up 47.5 pct ** BioXcel Therapeutics Inc, up 37.5 pct ** Integrated Media Technology Ltd, up 27.2 pct The top three Nasdaq percentage losers: ** Datasea Inc, down 18.2 pct ** Beigene Ltd, down 11.7 pct ** Lindblad Exp Eiw, down 11.3 pct ** Apple Inc: down 8.1 pct Street View: Apple takes a hit from weak iPhone forecast, China headwinds ** Cirrus Logic Inc: down 6.2 pct ** Skyworks Solutions Inc: down 9.7 pct ** Broadcom Inc: down 6.5 pct ** Micron Technology Inc: down 4.6 pct ** Advanced Micro Devices Inc: down 7.9 pct ** Texas Instruments Inc: down 4.3 pct ** NXP Semiconductors N.V.: down 2.5 pct ** Analog Devices Inc: down 5.0 pct Chipmakers on Apple cut: More reason to dump, rather than add - MS ** Best Buy Co Inc: up 0.3 pct Apple revenue warning jolts Best Buy Apple cuts sales forecast as China sales weaken; iPhone pricing in focus ** Celgene Corp: up 24.4 pct Jumps on buyout offer from Bristol-Myers Street View: Celgene finds exit strategy with Bristol-Myers deal Bristol-Myers bulks up cancer portfolio with $74 blnCelgene deal ** General Motors Co: down 3.1 pct Skids as U.S. Q4 sales fall GM U.S. new vehicle sales fall 2.7 pct in fourth quarter ** Gilead Sciences Inc: up 4.7 pct Gains after Oppenheimer upgrades on new CEO ** Amazon.com Inc: down 1.1 pct ** Patterson Companies Inc: up 0.4 pct ** Henry Schein Inc: down 2.6 pct Dental supply market fraught with challenges in 2019 ** Allergan Plc: up 2.1 pct ** AbbVie Inc: down 2.2 pct U.S. branded drug prices to keep rising over next 3 yrs - Cowen ** First Solar Inc: up 3.2 pct Shares higher as Goldman Sachs upgrades to "buy" ** Sesen Bio Inc: down 35.1 pct Falls after a 5-day high as prelim data from lead drug disappoints ** Izea Worldwide Inc: up 13.3 pct Jumps after securing December contracts ** Array Biopharma Inc: up 1.2 pct Guggenheim picks Array Biopharma as favorite biotech stock for 2019 ** Emerson Electric Co: down 0.8 pct ** Honeywell International Inc: down 0.5 pct ** Ingersoll-Rand Plc: down 0.5 pct Credit Suisse upgrades Emerson, Honeywell to 'outperform' ** Aevi Genomic Medicine Inc: down 75.3 pct Tumbles as ADHD trial fails ** Valeritas Holdings Inc: up 3.3 pct Rises in heavy trading on positive news for insulin device ** Ohr Pharmaceutical Inc: up 54.6 pct Jumps on merger deal with NeuBase Therapeutics ** Cocrystal Pharma Inc: up 8.5 pct Jumps on entering licensing deal with Merck ** Alliqua BioMedical Inc: up 10.6 pct Jumps on special dividend plan ** Lumentum Holdings Inc: down 7.1 pct Analysts defend Apple supplier despite iPhone weakness ** United Technologies Corp: down 2.7 pct Citi resumes at "neutral," sees volatility ahead ** Tapestry Inc: down 2.4 pct ** Capri Holdings Ltd: down 4.5 pct ** Ralph Lauren Corp: down 2.9 pct ** Tiffany & Co: down 1.6 pct U.S luxury goods makers: Lose sheen on Apple's revenue cut ** Alphabet Inc: down 1.7 pct Canaccord raises to 'buy,' calls it most defensive FANG stock ** United Continental Holdings Inc: down 5.1 pct ** Southwest Airlines Co: down 2.3 pct ** JetBlue Airways Corp: down 1.4 pct ** Alaska Air Group Inc: down 5.3 pct ** Spirit Airlines Inc: down 5.5 pct U.S. airlines: Fall after Delta cuts Q4 unit revenue estimate ** BioXcel Therapeutics Inc: up 37.5 pct Jumps on positive data in early stage Alzheimer's study ** Albemarle Corp: down 5.3 pct Falls after Berenberg downgrades to "hold" ** Starbucks Corp: down 3.6 pct Shares down after rival Luckin's aggressive China expansion plan ** Marriott International Inc: down 3.4 pct ** Hilton Worldwide Holdings Inc: down 3.5 pct ** Hyatt Hotels Corp: down 2.1 pct Hotel stocks sag on Apple'sChina woes The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Thursday as a key gauge of factory activity suffered its biggest drop in a decade, rattling investors already spooked by a rare profit warning from Apple Inc. The top three S&P 500 percentage gainers: ** Celgene Corp, up 24.4 pct ** Incyte Corp, up 7.7 pct ** Weyerhaeuser Co, up 4.8 pct The top three S&P 500 percentage losers: ** Bristol-Myers Squibb Co, down 12.9 pct ** Skyworks Solutions Inc, down 9.7 pct ** Qorvo Inc Ord, down 9.3 pct The top two NYSE percentage gainers: ** Sanchez Midstream Partners LP, up 22.4 pct ** Mogu Inc, up 16 pct The top three Nasdaq percentage gainers: ** Phunware Inc, up 47.5 pct ** BioXcel Therapeutics Inc, up 37.5 pct ** Integrated Media Technology Ltd, up 27.2 pct The top three Nasdaq percentage losers: ** Datasea Inc, down 18.2 pct ** Beigene Ltd, down 11.7 pct ** Lindblad Exp Eiw, down 11.3 pct ** Apple Inc: down 8.1 pct Street View: Apple takes a hit from weak iPhone forecast, China headwinds ** Cirrus Logic Inc: down 6.2 pct ** Skyworks Solutions Inc: down 9.7 pct ** Broadcom Inc: down 6.5 pct ** Micron Technology Inc: down 4.6 pct ** Advanced Micro Devices Inc: down 7.9 pct ** Texas Instruments Inc: down 4.3 pct ** NXP Semiconductors N.V.: down 2.5 pct ** Analog Devices Inc: down 5.0 pct Chipmakers on Apple cut: More reason to dump, rather than add - MS ** Best Buy Co Inc: up 0.3 pct Apple revenue warning jolts Best Buy Apple cuts sales forecast as China sales weaken; iPhone pricing in focus ** Celgene Corp: up 24.4 pct Jumps on buyout offer from Bristol-Myers Street View: Celgene finds exit strategy with Bristol-Myers deal Bristol-Myers bulks up cancer portfolio with $74 blnCelgene deal ** General Motors Co: down 3.1 pct Skids as U.S. Q4 sales fall GM U.S. new vehicle sales fall 2.7 pct in fourth quarter ** Gilead Sciences Inc: up 4.7 pct Gains after Oppenheimer upgrades on new CEO ** Amazon.com Inc: down 1.1 pct ** Patterson Companies Inc: up 0.4 pct ** Henry Schein Inc: down 2.6 pct Dental supply market fraught with challenges in 2019 ** Allergan Plc: up 2.1 pct ** AbbVie Inc: down 2.2 pct U.S. branded drug prices to keep rising over next 3 yrs - Cowen ** First Solar Inc: up 3.2 pct Shares higher as Goldman Sachs upgrades to "buy" ** Sesen Bio Inc: down 35.1 pct Falls after a 5-day high as prelim data from lead drug disappoints ** Izea Worldwide Inc: up 13.3 pct Jumps after securing December contracts ** Array Biopharma Inc: up 1.2 pct Guggenheim picks Array Biopharma as favorite biotech stock for 2019 ** Emerson Electric Co: down 0.8 pct ** Honeywell International Inc: down 0.5 pct ** Ingersoll-Rand Plc: down 0.5 pct Credit Suisse upgrades Emerson, Honeywell to 'outperform' ** Aevi Genomic Medicine Inc: down 75.3 pct Tumbles as ADHD trial fails ** Valeritas Holdings Inc: up 3.3 pct Rises in heavy trading on positive news for insulin device ** Ohr Pharmaceutical Inc: up 54.6 pct Jumps on merger deal with NeuBase Therapeutics ** Cocrystal Pharma Inc: up 8.5 pct Jumps on entering licensing deal with Merck ** Alliqua BioMedical Inc: up 10.6 pct Jumps on special dividend plan ** Lumentum Holdings Inc: down 7.1 pct Analysts defend Apple supplier despite iPhone weakness ** United Technologies Corp: down 2.7 pct Citi resumes at "neutral," sees volatility ahead ** Tapestry Inc: down 2.4 pct ** Capri Holdings Ltd: down 4.5 pct ** Ralph Lauren Corp: down 2.9 pct ** Tiffany & Co: down 1.6 pct U.S luxury goods makers: Lose sheen on Apple's revenue cut ** Alphabet Inc: down 1.7 pct Canaccord raises to 'buy,' calls it most defensive FANG stock ** United Continental Holdings Inc: down 5.1 pct ** Southwest Airlines Co: down 2.3 pct ** JetBlue Airways Corp: down 1.4 pct ** Alaska Air Group Inc: down 5.3 pct ** Spirit Airlines Inc: down 5.5 pct U.S. airlines: Fall after Delta cuts Q4 unit revenue estimate ** BioXcel Therapeutics Inc: up 37.5 pct Jumps on positive data in early stage Alzheimer's study ** Albemarle Corp: down 5.3 pct Falls after Berenberg downgrades to "hold" ** Starbucks Corp: down 3.6 pct Shares down after rival Luckin's aggressive China expansion plan ** Marriott International Inc: down 3.4 pct ** Hilton Worldwide Holdings Inc: down 3.5 pct ** Hyatt Hotels Corp: down 2.1 pct Hotel stocks sag on Apple'sChina woes The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Thursday as a key gauge of factory activity suffered its biggest drop in a decade, rattling investors already spooked by a rare profit warning from Apple Inc. The top three S&P 500 percentage gainers: ** Celgene Corp, up 24.4 pct ** Incyte Corp, up 7.7 pct ** Weyerhaeuser Co, up 4.8 pct The top three S&P 500 percentage losers: ** Bristol-Myers Squibb Co, down 12.9 pct ** Skyworks Solutions Inc, down 9.7 pct ** Qorvo Inc Ord, down 9.3 pct The top two NYSE percentage gainers: ** Sanchez Midstream Partners LP, up 22.4 pct ** Mogu Inc, up 16 pct The top three Nasdaq percentage gainers: ** Phunware Inc, up 47.5 pct ** BioXcel Therapeutics Inc, up 37.5 pct ** Integrated Media Technology Ltd, up 27.2 pct The top three Nasdaq percentage losers: ** Datasea Inc, down 18.2 pct ** Beigene Ltd, down 11.7 pct ** Lindblad Exp Eiw, down 11.3 pct ** Apple Inc: down 8.1 pct Street View: Apple takes a hit from weak iPhone forecast, China headwinds ** Cirrus Logic Inc: down 6.2 pct ** Skyworks Solutions Inc: down 9.7 pct ** Broadcom Inc: down 6.5 pct ** Micron Technology Inc: down 4.6 pct ** Advanced Micro Devices Inc: down 7.9 pct ** Texas Instruments Inc: down 4.3 pct ** NXP Semiconductors N.V.: down 2.5 pct ** Analog Devices Inc: down 5.0 pct Chipmakers on Apple cut: More reason to dump, rather than add - MS ** Best Buy Co Inc: up 0.3 pct Apple revenue warning jolts Best Buy Apple cuts sales forecast as China sales weaken; iPhone pricing in focus ** Celgene Corp: up 24.4 pct Jumps on buyout offer from Bristol-Myers Street View: Celgene finds exit strategy with Bristol-Myers deal Bristol-Myers bulks up cancer portfolio with $74 blnCelgene deal ** General Motors Co: down 3.1 pct Skids as U.S. Q4 sales fall GM U.S. new vehicle sales fall 2.7 pct in fourth quarter ** Gilead Sciences Inc: up 4.7 pct Gains after Oppenheimer upgrades on new CEO ** Amazon.com Inc: down 1.1 pct ** Patterson Companies Inc: up 0.4 pct ** Henry Schein Inc: down 2.6 pct Dental supply market fraught with challenges in 2019 ** Allergan Plc: up 2.1 pct ** AbbVie Inc: down 2.2 pct U.S. branded drug prices to keep rising over next 3 yrs - Cowen ** First Solar Inc: up 3.2 pct Shares higher as Goldman Sachs upgrades to "buy" ** Sesen Bio Inc: down 35.1 pct Falls after a 5-day high as prelim data from lead drug disappoints ** Izea Worldwide Inc: up 13.3 pct Jumps after securing December contracts ** Array Biopharma Inc: up 1.2 pct Guggenheim picks Array Biopharma as favorite biotech stock for 2019 ** Emerson Electric Co: down 0.8 pct ** Honeywell International Inc: down 0.5 pct ** Ingersoll-Rand Plc: down 0.5 pct Credit Suisse upgrades Emerson, Honeywell to 'outperform' ** Aevi Genomic Medicine Inc: down 75.3 pct Tumbles as ADHD trial fails ** Valeritas Holdings Inc: up 3.3 pct Rises in heavy trading on positive news for insulin device ** Ohr Pharmaceutical Inc: up 54.6 pct Jumps on merger deal with NeuBase Therapeutics ** Cocrystal Pharma Inc: up 8.5 pct Jumps on entering licensing deal with Merck ** Alliqua BioMedical Inc: up 10.6 pct Jumps on special dividend plan ** Lumentum Holdings Inc: down 7.1 pct Analysts defend Apple supplier despite iPhone weakness ** United Technologies Corp: down 2.7 pct Citi resumes at "neutral," sees volatility ahead ** Tapestry Inc: down 2.4 pct ** Capri Holdings Ltd: down 4.5 pct ** Ralph Lauren Corp: down 2.9 pct ** Tiffany & Co: down 1.6 pct U.S luxury goods makers: Lose sheen on Apple's revenue cut ** Alphabet Inc: down 1.7 pct Canaccord raises to 'buy,' calls it most defensive FANG stock ** United Continental Holdings Inc: down 5.1 pct ** Southwest Airlines Co: down 2.3 pct ** JetBlue Airways Corp: down 1.4 pct ** Alaska Air Group Inc: down 5.3 pct ** Spirit Airlines Inc: down 5.5 pct U.S. airlines: Fall after Delta cuts Q4 unit revenue estimate ** BioXcel Therapeutics Inc: up 37.5 pct Jumps on positive data in early stage Alzheimer's study ** Albemarle Corp: down 5.3 pct Falls after Berenberg downgrades to "hold" ** Starbucks Corp: down 3.6 pct Shares down after rival Luckin's aggressive China expansion plan ** Marriott International Inc: down 3.4 pct ** Hilton Worldwide Holdings Inc: down 3.5 pct ** Hyatt Hotels Corp: down 2.1 pct Hotel stocks sag on Apple'sChina woes The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Thursday as a key gauge of factory activity suffered its biggest drop in a decade, rattling investors already spooked by a rare profit warning from Apple Inc. The top three S&P 500 percentage gainers: ** Celgene Corp, up 24.4 pct ** Incyte Corp, up 7.7 pct ** Weyerhaeuser Co, up 4.8 pct The top three S&P 500 percentage losers: ** Bristol-Myers Squibb Co, down 12.9 pct ** Skyworks Solutions Inc, down 9.7 pct ** Qorvo Inc Ord, down 9.3 pct The top two NYSE percentage gainers: ** Sanchez Midstream Partners LP, up 22.4 pct ** Mogu Inc, up 16 pct The top three Nasdaq percentage gainers: ** Phunware Inc, up 47.5 pct ** BioXcel Therapeutics Inc, up 37.5 pct ** Integrated Media Technology Ltd, up 27.2 pct The top three Nasdaq percentage losers: ** Datasea Inc, down 18.2 pct ** Beigene Ltd, down 11.7 pct ** Lindblad Exp Eiw, down 11.3 pct ** Apple Inc: down 8.1 pct Street View: Apple takes a hit from weak iPhone forecast, China headwinds ** Cirrus Logic Inc: down 6.2 pct ** Skyworks Solutions Inc: down 9.7 pct ** Broadcom Inc: down 6.5 pct ** Micron Technology Inc: down 4.6 pct ** Advanced Micro Devices Inc: down 7.9 pct ** Texas Instruments Inc: down 4.3 pct ** NXP Semiconductors N.V.: down 2.5 pct ** Analog Devices Inc: down 5.0 pct Chipmakers on Apple cut: More reason to dump, rather than add - MS ** Best Buy Co Inc: up 0.3 pct Apple revenue warning jolts Best Buy Apple cuts sales forecast as China sales weaken; iPhone pricing in focus ** Celgene Corp: up 24.4 pct Jumps on buyout offer from Bristol-Myers Street View: Celgene finds exit strategy with Bristol-Myers deal Bristol-Myers bulks up cancer portfolio with $74 blnCelgene deal ** General Motors Co: down 3.1 pct Skids as U.S. Q4 sales fall GM U.S. new vehicle sales fall 2.7 pct in fourth quarter ** Gilead Sciences Inc: up 4.7 pct Gains after Oppenheimer upgrades on new CEO ** Amazon.com Inc: down 1.1 pct ** Patterson Companies Inc: up 0.4 pct ** Henry Schein Inc: down 2.6 pct Dental supply market fraught with challenges in 2019 ** Allergan Plc: up 2.1 pct ** AbbVie Inc: down 2.2 pct U.S. branded drug prices to keep rising over next 3 yrs - Cowen ** First Solar Inc: up 3.2 pct Shares higher as Goldman Sachs upgrades to "buy" ** Sesen Bio Inc: down 35.1 pct Falls after a 5-day high as prelim data from lead drug disappoints ** Izea Worldwide Inc: up 13.3 pct Jumps after securing December contracts ** Array Biopharma Inc: up 1.2 pct Guggenheim picks Array Biopharma as favorite biotech stock for 2019 ** Emerson Electric Co: down 0.8 pct ** Honeywell International Inc: down 0.5 pct ** Ingersoll-Rand Plc: down 0.5 pct Credit Suisse upgrades Emerson, Honeywell to 'outperform' ** Aevi Genomic Medicine Inc: down 75.3 pct Tumbles as ADHD trial fails ** Valeritas Holdings Inc: up 3.3 pct Rises in heavy trading on positive news for insulin device ** Ohr Pharmaceutical Inc: up 54.6 pct Jumps on merger deal with NeuBase Therapeutics ** Cocrystal Pharma Inc: up 8.5 pct Jumps on entering licensing deal with Merck ** Alliqua BioMedical Inc: up 10.6 pct Jumps on special dividend plan ** Lumentum Holdings Inc: down 7.1 pct Analysts defend Apple supplier despite iPhone weakness ** United Technologies Corp: down 2.7 pct Citi resumes at "neutral," sees volatility ahead ** Tapestry Inc: down 2.4 pct ** Capri Holdings Ltd: down 4.5 pct ** Ralph Lauren Corp: down 2.9 pct ** Tiffany & Co: down 1.6 pct U.S luxury goods makers: Lose sheen on Apple's revenue cut ** Alphabet Inc: down 1.7 pct Canaccord raises to 'buy,' calls it most defensive FANG stock ** United Continental Holdings Inc: down 5.1 pct ** Southwest Airlines Co: down 2.3 pct ** JetBlue Airways Corp: down 1.4 pct ** Alaska Air Group Inc: down 5.3 pct ** Spirit Airlines Inc: down 5.5 pct U.S. airlines: Fall after Delta cuts Q4 unit revenue estimate ** BioXcel Therapeutics Inc: up 37.5 pct Jumps on positive data in early stage Alzheimer's study ** Albemarle Corp: down 5.3 pct Falls after Berenberg downgrades to "hold" ** Starbucks Corp: down 3.6 pct Shares down after rival Luckin's aggressive China expansion plan ** Marriott International Inc: down 3.4 pct ** Hilton Worldwide Holdings Inc: down 3.5 pct ** Hyatt Hotels Corp: down 2.1 pct Hotel stocks sag on Apple'sChina woes The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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