Unnamed: 0
stringlengths 3
8
| Date
stringlengths 23
23
| Article_title
stringlengths 1
250
| Stock_symbol
stringlengths 1
5
| Url
stringlengths 44
135
| Publisher
stringclasses 1
value | Author
stringclasses 1
value | Article
stringlengths 1
343k
| Lsa_summary
stringlengths 3
53.9k
| Luhn_summary
stringlengths 1
53.9k
| Textrank_summary
stringlengths 1
53.9k
| Lexrank_summary
stringlengths 1
53.9k
| uuid
stringlengths 36
36
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2600.0
|
2023-05-10 00:00:00 UTC
|
Should Value Investors Buy American Airlines (AAL) Stock?
|
AAL
|
https://www.nasdaq.com/articles/should-value-investors-buy-american-airlines-aal-stock-1
|
nan
|
nan
|
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on 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 P/E ratio of 4.79 right now. For comparison, its industry sports an average P/E of 8.62. Over the past 52 weeks, AAL's Forward P/E has been as high as 1,013.80 and as low as -88.98, with a median of 11.51.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. AAL has a P/S ratio of 0.18. This compares to its industry's average P/S of 0.43.
Finally, we should also recognize that AAL has a P/CF ratio of 2.32. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. AAL's P/CF compares to its industry's average P/CF of 8.54. Over the past 52 weeks, AAL's P/CF has been as high as 26.90 and as low as -280.04, with a median of 11.72.
Allegiant (ALGT) may be another strong Transportation - Airline stock to add to your shortlist. ALGT is a # 2 (Buy) stock with a Value grade of A.
Allegiant also has a P/B ratio of 1.55 compared to its industry's price-to-book ratio of 3.82. Over the past year, its P/B ratio has been as high as 2.30, as low as 0.98, with a median of 1.43.
Value investors will likely look at more than just these metrics, but the above data helps show that American Airlines and Allegiant are likely undervalued currently. And when considering the strength of its earnings outlook, AAL and ALGT sticks out as one of the market's strongest value stocks.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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
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.
|
One stock to keep an eye on is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. Over the past 52 weeks, AAL's Forward P/E has been as high as 1,013.80 and as low as -88.98, with a median of 11.51.
|
Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. One stock to keep an eye on is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
|
Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. One stock to keep an eye on is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
|
AAL has a P/S ratio of 0.18. One stock to keep an eye on is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
|
4341b0ac-afbb-4e8d-a96c-f4cb9a1acdce
|
2601.0
|
2023-05-10 00:00:00 UTC
|
FOCUS-US airlines thrown a curveball as consumer habits change post-pandemic
|
AAL
|
https://www.nasdaq.com/articles/focus-us-airlines-thrown-a-curveball-as-consumer-habits-change-post-pandemic
|
nan
|
nan
|
By Rajesh Kumar Singh
CHICAGO, May 10 (Reuters) - Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the "new normal" as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes.
Even as the thirst for travel remains strong, the changing trends are driving up airlines' operating costs and hurting revenue.
They are also fueling worries about the strength of travel spending amid growing economic uncertainty, leading to a 6% drop in airline shares from their highs in January.
"Today's flexible work conditions are helping to drive changes in ticket-purchasing patterns." Citi analyst Stephen Trent said. "Let's get used to it."
No-show rates have gone up as customers are changing their travel plans more frequently than before.
Travel demand has also softened on days in the middle of the week, but has strengthened on peak days. A Reuters analysis of U.S. Transportation Security Administration data shows passenger traffic this year on average has fallen 14% on Tuesdays and Wednesdays compared with Mondays, and then it rebounds on Thursdays.
Similarly, customers are booking trips well in advance compared with last year, leading to a moderation in ticket sales close to the date of travel. Citi's data shows that these so-called close-in ticket sales have moderated for a third straight week, but those for trips in June and July have improved.
Those evolving patterns have forced companies to adjust.
Frontier Airlines ULCC.O decided to slash flights on Tuesdays and Wednesdays by about 20%, citing weak demand. It marks a shift from last year when some airlines said midweek was less of a trough.
The Denver-based carrier attributed the change to flexible work arrangements, where more people are spending two to three days a week working in the office.
"The most common two days in the office are Tuesdays and Wednesdays," said Daniel Shurz, a senior vice president at Frontier Airlines. "That's why travel for leisure is the hardest on Tuesdays and Wednesdays."
In contrast, the ultra-low-cost carrier last week said its revenue per available seat mile on peak travel days is stronger than before the pandemic as customers are willing to pay a lot more to travel on the other days of the week.
Frontier has eliminated an unspecified number of routes as part of its network restructuring. It now expects capacity this year to be up 19%-22% from last year compared with previously estimated growth of 23%-28%, resulting in higher operating costs.
Changing travel patterns are also affecting United Airlines UAL.O, which has a relatively small presence in the Caribbean and Florida where demand is usually strong in the winter.
Since the Chicago-based carrier's network is more focused on business traffic, which has not fully recovered to pre-pandemic levels, its revenue suffered in the last quarter. United last month said it wants to expand its Florida network.
"We believe demand is just structurally different than it was pre-pandemic," CEO Scott Kirby said. "We're still figuring out that new normal."
BUMPING AND OVERBOOKING
Airlines are also seeing a change in ticket sales.
Passengers are booking flights earlier than they did through much of the pandemic, when travel restrictions and health concerns made planning in advance difficult.
United said bookings for trips within 21 days are weaker than those beyond 21 days. Delta Airlines DAL.N reported that bookings for trips inside 30 days were declining, while those outside 30 days were stronger.
Carriers did not share comparative data for last year, but Southwest Airlines Co LUV.N said bookings for trips closer to the departure date have weakened compared to last summer.
Delta Air Lines Inc DAL.N CEO Ed Bastian ascribed it to an attempt on the part of customers to lock in the opportunity to travel sooner as well as elimination of flight change fees by many airlines.
It is having a cooling effect on domestic airfares.
Data from online travel agency Hopper showed average domestic round-trip airfare declined 15% to $285 in April from last year.
While the fare data has stoked concerns about consumer demand, Hopper's lead economist, Hayley Berg, said overall spending on travel has gone up.
The waving of change fees, meanwhile, is encouraging people to revise plans at the last minute, affecting the proportion of seats sold, known within the industry as passenger load factor. Delta's load factor in the March quarter dropped by 4 percentage points from a quarter ago.
To tackle this problem, Delta has said it now plans to overbook flights even more. The company declined to share its plans.
The move runs the risk of bumping more passengers off flights.
Last year, it denied boarding to more customers than American Airlines AAL.O and United, U.S. Transportation Department data shows. However, except for two passengers, all the travelers voluntarily agreed to be paid to change their flights.
"We had a lot of stability pre-pandemic," Delta President Glen Hauenstein said. "We're adjusting here into what I would call a new normal."
(Reporting by Rajesh Kumar Singh in Chicago Editing by Ben Klayman and Matthew Lewis)
((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.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.
|
Last year, it denied boarding to more customers than American Airlines AAL.O and United, U.S. Transportation Department data shows. By Rajesh Kumar Singh CHICAGO, May 10 (Reuters) - Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the "new normal" as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes. A Reuters analysis of U.S. Transportation Security Administration data shows passenger traffic this year on average has fallen 14% on Tuesdays and Wednesdays compared with Mondays, and then it rebounds on Thursdays.
|
Last year, it denied boarding to more customers than American Airlines AAL.O and United, U.S. Transportation Department data shows. By Rajesh Kumar Singh CHICAGO, May 10 (Reuters) - Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the "new normal" as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes. A Reuters analysis of U.S. Transportation Security Administration data shows passenger traffic this year on average has fallen 14% on Tuesdays and Wednesdays compared with Mondays, and then it rebounds on Thursdays.
|
Last year, it denied boarding to more customers than American Airlines AAL.O and United, U.S. Transportation Department data shows. By Rajesh Kumar Singh CHICAGO, May 10 (Reuters) - Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the "new normal" as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes. In contrast, the ultra-low-cost carrier last week said its revenue per available seat mile on peak travel days is stronger than before the pandemic as customers are willing to pay a lot more to travel on the other days of the week.
|
Last year, it denied boarding to more customers than American Airlines AAL.O and United, U.S. Transportation Department data shows. By Rajesh Kumar Singh CHICAGO, May 10 (Reuters) - Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the "new normal" as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes. Data from online travel agency Hopper showed average domestic round-trip airfare declined 15% to $285 in April from last year.
|
747fb8b5-1d34-42c1-81bd-725f77b04882
|
2602.0
|
2023-05-09 00:00:00 UTC
|
Peru's March copper production up 20% as mines restart after protests
|
AAL
|
https://www.nasdaq.com/articles/perus-march-copper-production-up-20-as-mines-restart-after-protests
|
nan
|
nan
|
Adds details throughout
LIMA, May 9 (Reuters) - Peru's March copper production leapt 20.4% from a year earlier to reach 219,275 tonnes, the country's energy and mining ministry said on Tuesday, as large mines resume their operations following stoppages caused by several social protests.
The world's no. 2 copper producing country saw its first quarter copper output rise 11.2% from the same period of 2022, the ministry said in a statement, landing at 615,514 tonnes.
Major mines such as China's MMG Ltd's Las Bambas 1208.HK and Glencore's Antapaccay GLEN.Lrecorded sharp drops in February production due to a blockade of a key highway amid anti-government protests.
Nevertheless, Southern Copper SCCO.N saw its production rise nearly 80% year-on-year in March, while Antapaccay's rose 65% and Cerro Verde's CVERDEC1.LM production grew 7.3%, the statement said.
Anglo American's Quellaveco AAL.L, which began production halfway through last year, posted a March output of 22,153 tonnes, it added.
The Andean country faced several protests throughout 2022, and a political and social crisis triggered by the Dec. 7 ouster of former president Pedro Castillo.
(Reporting by Marco Aquino; Writing by Carolina Pulice; Editing by Anthony Esposito and Sarah Morland)
((Carolina.Pulice@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Anglo American's Quellaveco AAL.L, which began production halfway through last year, posted a March output of 22,153 tonnes, it added. Major mines such as China's MMG Ltd's Las Bambas 1208.HK and Glencore's Antapaccay GLEN.Lrecorded sharp drops in February production due to a blockade of a key highway amid anti-government protests. The Andean country faced several protests throughout 2022, and a political and social crisis triggered by the Dec. 7 ouster of former president Pedro Castillo.
|
Anglo American's Quellaveco AAL.L, which began production halfway through last year, posted a March output of 22,153 tonnes, it added. Adds details throughout LIMA, May 9 (Reuters) - Peru's March copper production leapt 20.4% from a year earlier to reach 219,275 tonnes, the country's energy and mining ministry said on Tuesday, as large mines resume their operations following stoppages caused by several social protests. 2 copper producing country saw its first quarter copper output rise 11.2% from the same period of 2022, the ministry said in a statement, landing at 615,514 tonnes.
|
Anglo American's Quellaveco AAL.L, which began production halfway through last year, posted a March output of 22,153 tonnes, it added. Adds details throughout LIMA, May 9 (Reuters) - Peru's March copper production leapt 20.4% from a year earlier to reach 219,275 tonnes, the country's energy and mining ministry said on Tuesday, as large mines resume their operations following stoppages caused by several social protests. Nevertheless, Southern Copper SCCO.N saw its production rise nearly 80% year-on-year in March, while Antapaccay's rose 65% and Cerro Verde's CVERDEC1.LM production grew 7.3%, the statement said.
|
Anglo American's Quellaveco AAL.L, which began production halfway through last year, posted a March output of 22,153 tonnes, it added. The world's no. 2 copper producing country saw its first quarter copper output rise 11.2% from the same period of 2022, the ministry said in a statement, landing at 615,514 tonnes.
|
99dbc24d-904b-4d85-8591-3db26934ee7c
|
2603.0
|
2023-05-09 00:00:00 UTC
|
Zacks.com featured highlights include American Airlines, Delta Air Lines, Cleveland-Cliff, Avnet and Commercial Vehicle Group
|
AAL
|
https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-american-airlines-delta-air-lines-cleveland-cliff
|
nan
|
nan
|
For Immediate Release
Chicago, IL – May 9, 2023 – Stocks in this week’s article are American Airlines AAL, Delta Air Lines DAL, Cleveland-Cliff CLF, Avnet AVT and Commercial Vehicle Group CVGI.
5 Broker-Friendly Stocks to Sail Through a Turbulent Scenario
The ongoing Q1 earnings season has thrown up a stable picture. According to our latest Earnings Outlook, 77.6% of the S&P 500 companies have surpassed EPS estimates. This is highly reassuring, especially in the current scenario, which is engulfed by inflationary woes and other headwinds. What is all the more encouraging is that many companies, which have already reported their respective Q1 numbers, have issued better-than-expected guidance.
Given this backdrop, investors would 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 related to the stock market and the prevalent turbulence make it even more difficult for individual investors to select outperformers in their portfolios without proper hand-holding. One way to proceed is by paying heed to broker advice. We believe that broker-favorite stocks like American Airlines, Delta Air Lines, Cleveland-Cliff, Avnet and Commercial Vehicle Group should be on an investors' watchlist.
Why Broker Advice Holds Value
Brokers have a better understanding of stocks, deeper knowledge of the industry and a grasp over the broader economy. They scrutinize the company's fundamentals and place them against the prevalent economic scenario to find out how attractive a stock is or otherwise as an investment option.
Since brokers arrive at their recommendation (buy, sell or hold) on a stock after thoroughly analyzing the nitty-gritty associated with the company, it is advisable for investors to be guided by the direction of estimate revisions while deciding their course of action on a particular stock. The estimate revisions serve as an important pointer regarding the price of a stock. Estimates can move north for a number of reasons – favorable earnings performance, a bullish guidance, product launch or any favorable macro scenario.
One of the well-accepted investment strategies is to maintain a diversified portfolio to generate handsome returns irrespective of market conditions. For instance, in the face of extremely low oil prices, analysts adopt a bullish stance on airline stocks and consequently raise estimates. Naturally, adding such stocks to one's portfolio in such a scenario might prove to be a bullish strategy.
Formulating a Winning Portfolio
We have designed a screener to arrive at stocks based on improving analyst recommendations and upward earnings estimate revisions over the last four weeks. However, considering only these factors does not make our strategy foolproof as the top line has not been considered.
Actually, according to many market watchers, a top-line outperformance is more creditable for a company than a mere earnings outperformance. To address top-line concerns, we have included the price/sales ratio in our screener, which serves as a strong complementary valuation metric.
Here are five of the 10 stocks that passed the screen test:
American Airlines is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are hurting the bottom line.
Over the past 60 days, the Zacks Consensus Estimate for AAL's 2023 earnings has been revised 17.3% upward. American Airlines currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Delta, currently carrying a Zacks Rank of 3, is based in Atlanta, GA. DAL is being bolstered by an uptick in demand for air travel (particularly for leisure). Driven by higher air-travel demand, total revenues increased 36.5% on a year-over-year basis in first-quarter 2023.
High fuel costs are, however, a bane. Over the past 60 days, the Zacks Consensus Estimate for DAL's 2023 earnings has been revised 3.1% upward.
Cleveland-Cliffs is a leading iron ore producer in the United States. It supplies differentiated iron ore pellets under long-term contracts to major blast furnace steel producers in North America. The Mining and Pelletizing operation gains from low-cost, high-quality iron ore pellet production with substantial logistics and transportation advantages to serve the Great Lakes steel market. The company should gain from its merger with AK Steel Holding Corporation.
Over the past 60 days, the Zacks Consensus Estimate for CLF's 2023 earnings has been revised 21.9% upward. Cleveland-Cliffs currently carries a Zacks Rank #3.
Avnet is benefiting from robust demand for its products across Asia, Europe, the Middle East and Africa regions. Improvement in the Americas also served as a tailwind. Its continued focus on boosting IoT capabilities is helping it expand in the newer markets and win customers. Moreover, cost-saving efforts are aiding profitability.
Avnet, currently carrying a Zacks Rank of 3, has an impressive surprise history, with its earnings surpassing the Zacks Consensus Estimate in each of the last four quarters, the average being 12.9%.
Commercial Vehicle Group supplies interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction market and other specialized transportation markets.
Over the past 60 days, the Zacks Consensus Estimate for DAL's 2023 earnings has been revised 3.1% upward. Commercial Vehicle Group currently carries a Zacks Rank #3.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.
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.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2091346/5-broker-friendly-stocks-to-sail-through-the-turbulent-scenario
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 >>.
Follow us on Twitter: https://www.twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://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 https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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
Avnet, Inc. (AVT) : Free Stock Analysis Report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Commercial Vehicle Group, Inc. (CVGI) : 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.
|
For Immediate Release Chicago, IL – May 9, 2023 – Stocks in this week’s article are American Airlines AAL, Delta Air Lines DAL, Cleveland-Cliff CLF, Avnet AVT and Commercial Vehicle Group CVGI. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL's 2023 earnings has been revised 17.3% upward.
|
For Immediate Release Chicago, IL – May 9, 2023 – Stocks in this week’s article are American Airlines AAL, Delta Air Lines DAL, Cleveland-Cliff CLF, Avnet AVT and Commercial Vehicle Group CVGI. Click to get this free report Avnet, Inc. (AVT) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Commercial Vehicle Group, Inc. (CVGI) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
|
Click to get this free report Avnet, Inc. (AVT) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Commercial Vehicle Group, Inc. (CVGI) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – May 9, 2023 – Stocks in this week’s article are American Airlines AAL, Delta Air Lines DAL, Cleveland-Cliff CLF, Avnet AVT and Commercial Vehicle Group CVGI. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
|
For Immediate Release Chicago, IL – May 9, 2023 – Stocks in this week’s article are American Airlines AAL, Delta Air Lines DAL, Cleveland-Cliff CLF, Avnet AVT and Commercial Vehicle Group CVGI. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL's 2023 earnings has been revised 17.3% upward.
|
33169ca7-5874-4849-9fd4-b6f9fc79d4d6
|
2604.0
|
2023-05-08 00:00:00 UTC
|
US STOCKS-Wall Street subdued on bleak earnings ahead of inflation data
|
AAL
|
https://www.nasdaq.com/articles/us-stocks-wall-street-subdued-on-bleak-earnings-ahead-of-inflation-data
|
nan
|
nan
|
By Shreyashi Sanyal, Shristi Achar A and Carolina Mandl
May 8 (Reuters) - U.S. stock indexes struggled for direction on Monday amid disappointing earnings from Tyson Foods and Catalent, a weak rebound in regional banks, and a shift in focus to a key inflation reading later this week.
Shares of Catalent Inc CTLT.N tumbled 25.5% as the contract drug manufacturer saw lower revenue and core profit in 2023, while Tyson Foods TSN.N dropped 15.9% on a surprise second-quarter loss and a cut in its annual revenue forecast.
A rebound in regional lenders ran out of steam by midday trading, with the KBW Regional Banking index .KRX falling 1.86% after posting its best single-day performance in seven weeks on Friday.
The struggle for a clearer direction comes after a rally on Friday, when U.S. jobs data pointed to a resilient labor market.
"Whenever you have a big up day, people need more good news to keep the market up every day in a row," said portfolio manager Moez Kassam of Anson Funds.
Also weighing on the main indexes was a 1.1% decline in shares of Microsoft Corp MSFT.O, while Apple Inc AAPL.O was flat after rising 4.7% on Friday when it posted upbeat results.
The spotlight this week, however, will be on the Labor Department's inflation reading on Wednesday, which is expected to show the consumer price index (CPI) likely climbed 0.4% in April after gaining 0.1% in March. Producer prices, weekly jobless claims and consumer sentiment data are all lined up for the week.
Data points this week will help investors not only gauge whether the Federal Reserve's aggressive tightening cycle - including its most recent 25 basis point hike last week - is working towards tamping down inflation but also if fears of stagflation are founded.
"The bigger picture is inflation will remain higher for longer and that we are heading into a recession," Michael James, managing director of equity trading at Wedbush Securities.
"Whether that's hard or soft remains to be seen, but until there's something to disprove that bigger picture thesis, the overall market is going to remain somewhat range bound."
The Dow Jones Industrial Average .DJI fell 68.99 points, or 0.2%, to 33,605.39, the S&P 500 .SPX gained 0.93 points, or 0.02%, to 4,137.18 and the Nasdaq Composite .IXIC added 10.28 points, or 0.08%, to 12,245.69.
Shares of regional banks tumbled for much of last week on worries tied to the collapse of First Republic Bank.
Warren Buffett's Berkshire Hathaway Inc's BRKb.N Class B shares rose 0.9% after posting a $35.5 billion first-quarter profit, boosted by gains from stocks such as Apple.
American Airlines Group Inc AAL.O rose 3.1% after J.P. Morgan raised its rating to "overweight" from "neutral".
Shares of Zscaler IncZS.O rose 3.5% after the cloud security company raised its annual forecast.
Declining issues outnumbered advancing ones on the NYSE by a 1.10-to-1 ratio; on Nasdaq, a 1.13-to-1 ratio favored decliners.
The S&P 500 posted 11 new 52-week highs and seven new lows; the Nasdaq Composite recorded 54 new highs and 73 new lows.
(Reporting by Shreyashi Sanyal and Shristi Achar in Bengaluru; Editing by Nivedita Bhattacharjee, Maju Samuel and Deepa Babington)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines Group Inc AAL.O rose 3.1% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal, Shristi Achar A and Carolina Mandl May 8 (Reuters) - U.S. stock indexes struggled for direction on Monday amid disappointing earnings from Tyson Foods and Catalent, a weak rebound in regional banks, and a shift in focus to a key inflation reading later this week. The spotlight this week, however, will be on the Labor Department's inflation reading on Wednesday, which is expected to show the consumer price index (CPI) likely climbed 0.4% in April after gaining 0.1% in March.
|
American Airlines Group Inc AAL.O rose 3.1% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal, Shristi Achar A and Carolina Mandl May 8 (Reuters) - U.S. stock indexes struggled for direction on Monday amid disappointing earnings from Tyson Foods and Catalent, a weak rebound in regional banks, and a shift in focus to a key inflation reading later this week. Shares of regional banks tumbled for much of last week on worries tied to the collapse of First Republic Bank.
|
American Airlines Group Inc AAL.O rose 3.1% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal, Shristi Achar A and Carolina Mandl May 8 (Reuters) - U.S. stock indexes struggled for direction on Monday amid disappointing earnings from Tyson Foods and Catalent, a weak rebound in regional banks, and a shift in focus to a key inflation reading later this week. A rebound in regional lenders ran out of steam by midday trading, with the KBW Regional Banking index .KRX falling 1.86% after posting its best single-day performance in seven weeks on Friday.
|
American Airlines Group Inc AAL.O rose 3.1% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal, Shristi Achar A and Carolina Mandl May 8 (Reuters) - U.S. stock indexes struggled for direction on Monday amid disappointing earnings from Tyson Foods and Catalent, a weak rebound in regional banks, and a shift in focus to a key inflation reading later this week. Also weighing on the main indexes was a 1.1% decline in shares of Microsoft Corp MSFT.O, while Apple Inc AAPL.O was flat after rising 4.7% on Friday when it posted upbeat results.
|
3dd9d529-f078-4490-be5d-e37aae38088c
|
2605.0
|
2023-05-08 00:00:00 UTC
|
US STOCKS-Wall St edges lower on bleak earnings ahead of inflation data
|
AAL
|
https://www.nasdaq.com/articles/us-stocks-wall-st-edges-lower-on-bleak-earnings-ahead-of-inflation-data
|
nan
|
nan
|
By Shreyashi Sanyal and Shristi Achar A
May 8 (Reuters) - Wall Street's main indexes inched lower on Monday as Tyson Foods and Catalent led falls on the benchmark S&P 500 ahead of a key inflation reading this week, while a rebound in regional lenders ran out of steam by midday trading.
Shares of Catalent Inc CTLT.N tumbled 26.6% as the contract drug manufacturer saw lower revenue and core profit in 2023, while Tyson Foods TSN.N dropped 15.6% on posting a surprise second-quarter loss and cutting its annual revenue forecast.
Also weighing on the main indexes was a 1.1% decline in shares of Microsoft Corp MSFT.O, while Apple Inc AAPL.O was flat after rising 4.7% on Friday following upbeat results.
"(Growth stocks are down) on nothing other than a mild profit-taking, given the strong move that we saw last week," said Michael James, managing director of equity trading at Wedbush Securities.
The spotlight this week, however, will be on the Labor Department's inflation reading on Wednesday, which is expected to show the consumer price index (CPI) likely climbed 0.4% in April after gaining 0.1% in March. Producer prices, weekly jobless claims and consumer sentiment data are all lined up through the week.
Data points this week will help investors not only gauge whether the Federal Reserve's aggressive tightening cycle - including its most recent 25 basis point hike last week - is working towards tamping down inflation but also if fears of stagflation are founded.
"The bigger picture is inflation will remain higher for longer and that we are heading into a recession. Whether that's hard or soft remains to be seen, but until there's something to disprove that bigger picture thesis, the overall market is going to remain somewhat range bound," James added.
At 11:50 a.m. ET, the Dow Jones Industrial Average .DJI was down 65.63 points, or 0.19%, at 33,608.75, the S&P 500 .SPX was down 1.10 points, or 0.03%, at 4,135.15, and the Nasdaq Composite .IXIC was down 16.93 points, or 0.14%, at 12,218.48.
The KBW Regional Banking index .KRX fell 2.2% after posting its best single-day performance in seven weeks on Friday.
Shares of regional banks tumbled for much of last week on worries tied to the collapse of First Republic Bank.
Warren Buffett's Berkshire Hathaway Inc's BRKb.N Class B shares rose 1.4% after posting a $35.5 billion first-quarter profit, reflecting gains from stocks such as Apple.
American Airlines Group Inc AAL.O rose 4.1% after J.P. Morgan raised its rating to "overweight" from "neutral".
Shares of Zscaler IncZS.O soared 21.2% after the cloud security company raised its annual forecast.
The S&P index recorded 10 new 52-week highs and four new lows, while the Nasdaq recorded 47 new highs and 53 new lows.
(Reporting by Shreyashi Sanyal and Shristi Achar in Bengaluru; Editing by Nivedita Bhattacharjee and Maju Samuel)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines Group Inc AAL.O rose 4.1% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal and Shristi Achar A May 8 (Reuters) - Wall Street's main indexes inched lower on Monday as Tyson Foods and Catalent led falls on the benchmark S&P 500 ahead of a key inflation reading this week, while a rebound in regional lenders ran out of steam by midday trading. "(Growth stocks are down) on nothing other than a mild profit-taking, given the strong move that we saw last week," said Michael James, managing director of equity trading at Wedbush Securities.
|
American Airlines Group Inc AAL.O rose 4.1% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal and Shristi Achar A May 8 (Reuters) - Wall Street's main indexes inched lower on Monday as Tyson Foods and Catalent led falls on the benchmark S&P 500 ahead of a key inflation reading this week, while a rebound in regional lenders ran out of steam by midday trading. Warren Buffett's Berkshire Hathaway Inc's BRKb.N Class B shares rose 1.4% after posting a $35.5 billion first-quarter profit, reflecting gains from stocks such as Apple.
|
American Airlines Group Inc AAL.O rose 4.1% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal and Shristi Achar A May 8 (Reuters) - Wall Street's main indexes inched lower on Monday as Tyson Foods and Catalent led falls on the benchmark S&P 500 ahead of a key inflation reading this week, while a rebound in regional lenders ran out of steam by midday trading. Shares of Catalent Inc CTLT.N tumbled 26.6% as the contract drug manufacturer saw lower revenue and core profit in 2023, while Tyson Foods TSN.N dropped 15.6% on posting a surprise second-quarter loss and cutting its annual revenue forecast.
|
American Airlines Group Inc AAL.O rose 4.1% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal and Shristi Achar A May 8 (Reuters) - Wall Street's main indexes inched lower on Monday as Tyson Foods and Catalent led falls on the benchmark S&P 500 ahead of a key inflation reading this week, while a rebound in regional lenders ran out of steam by midday trading. Shares of Catalent Inc CTLT.N tumbled 26.6% as the contract drug manufacturer saw lower revenue and core profit in 2023, while Tyson Foods TSN.N dropped 15.6% on posting a surprise second-quarter loss and cutting its annual revenue forecast.
|
d6f9eddb-9a38-4904-a993-abf4251fa977
|
2606.0
|
2023-05-08 00:00:00 UTC
|
S&P 500 Movers: CTLT, AAL
|
AAL
|
https://www.nasdaq.com/articles/sp-500-movers%3A-ctlt-aal
|
nan
|
nan
|
In early trading on Monday, shares of American Airlines Group topped the list of the day's best performing components of the S&P 500 index, trading up 4.8%. Year to date, American Airlines Group registers a 14.3% gain.
And the worst performing S&P 500 component thus far on the day is Catalent, trading down 24.5%. Catalent is lower by about 19.9% looking at the year to date performance.
Two other components making moves today are Tyson Foods, trading down 12.8%, and Zions Bancorporation, trading up 4.0% on the day.
VIDEO: S&P 500 Movers: CTLT, AAL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
VIDEO: S&P 500 Movers: CTLT, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Monday, shares of American Airlines Group topped the list of the day's best performing components of the S&P 500 index, trading up 4.8%. Year to date, American Airlines Group registers a 14.3% gain.
|
VIDEO: S&P 500 Movers: CTLT, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Monday, shares of American Airlines Group topped the list of the day's best performing components of the S&P 500 index, trading up 4.8%. Year to date, American Airlines Group registers a 14.3% gain.
|
VIDEO: S&P 500 Movers: CTLT, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Monday, shares of American Airlines Group topped the list of the day's best performing components of the S&P 500 index, trading up 4.8%. Two other components making moves today are Tyson Foods, trading down 12.8%, and Zions Bancorporation, trading up 4.0% on the day.
|
VIDEO: S&P 500 Movers: CTLT, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Monday, shares of American Airlines Group topped the list of the day's best performing components of the S&P 500 index, trading up 4.8%. And the worst performing S&P 500 component thus far on the day is Catalent, trading down 24.5%.
|
ed38b298-3f83-4975-9cd1-fa7493920163
|
2607.0
|
2023-05-08 00:00:00 UTC
|
Bullish Two Hundred Day Moving Average Cross - AAL
|
AAL
|
https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-aal
|
nan
|
nan
|
In trading on Monday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.26, changing hands as high as $14.65 per share. American Airlines Group Inc shares are currently trading up about 4.8% on the day. The chart below shows the one year performance of AAL shares, versus its 200 day moving average:
Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $18.22 as the 52 week high point — that compares with a last trade of $14.51. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com
Free Report: Top 8%+ Dividends (paid monthly)
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
Also see:
RRMS Options Chain
TITN Stock Predictions
XBOR Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.26, changing hands as high as $14.65 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $18.22 as the 52 week high point — that compares with a last trade of $14.51. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: RRMS Options Chain TITN Stock Predictions XBOR Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.26, changing hands as high as $14.65 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $18.22 as the 52 week high point — that compares with a last trade of $14.51. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: RRMS Options Chain TITN Stock Predictions XBOR Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.26, changing hands as high as $14.65 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $18.22 as the 52 week high point — that compares with a last trade of $14.51. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: RRMS Options Chain TITN Stock Predictions XBOR Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, shares of American Airlines Group Inc (Symbol: AAL) crossed above their 200 day moving average of $14.26, changing hands as high as $14.65 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $18.22 as the 52 week high point — that compares with a last trade of $14.51. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: RRMS Options Chain TITN Stock Predictions XBOR Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
2d2809b9-0e5d-4062-92b1-ee0f728ae630
|
2608.0
|
2023-05-08 00:00:00 UTC
|
Biden wants airlines to pay passengers in U.S. for lengthy delays
|
AAL
|
https://www.nasdaq.com/articles/biden-wants-airlines-to-pay-passengers-in-u.s.-for-lengthy-delays
|
nan
|
nan
|
By David Shepardson and Nandita Bose
WASHINGTON, May 8 (Reuters) - U.S. President Joe Biden's administration said Monday it is writing new rules aimed at requiring airlines to compensate passengers for significant flight delays or cancellations when the carriers are responsible.
It is the latest in a series of moves by the Biden administration to crack down on airlines and bolster passenger consumer protections for domestic U.S. flights and international flights involving an American destination or origin.
"When an airline causes a flight cancellation or delay, passengers should not foot the bill,” U.S. Transportation Secretary Pete Buttigieg said in a statement.
The U.S. Department of Transportation did not specify how much cash it aims to require airlines to pay passengers for significant delays. But it asked carriers last year whether they would agree to pay at least $100 for delays of at least three hours caused by airlines.
Biden plans to discuss the proposal at 1:45 p.m. EDT (1745 GMT).
Still, it could take years to write and finalize rules, and some carriers privately question whether the department has the legal authority to mandate compensation for delays. A July 2021 proposal to require airlines to refund consumers fees for baggage that is delayed, or onboard service like Wi-Fi that do not work, are still not finalized.
The Transportation Department said it plans to write regulations that will require airlines to cover expenses such as meals and hotels if carriers are responsible for stranding passengers. Most carriers voluntarily committed last August to provide hotels or meals but resisted providing cash compensation for delays.
The Biden administration has objected to family seating fees, investigated 10 carriers for failing to provide refunds, pressed Southwest AirlinesLUV.N to do more after a holiday meltdown led to more than 16,000 flight cancellations, and proposed other new consumer protections.
The Transportation Department on Monday made clear on a government website that no U.S. carriers have agreed to provide cash compensation for delayed or canceled flights under carriers' control.
The Biden administration has sparred with U.S. airlines over who was to blame for hundreds of thousands of flight disruptions last year.
Airlines for America, a trade association representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, and others, said U.S. airlines "have no incentive to delay or cancel a flight and do everything in their control to ensure flights depart and arrive on time, but safety is always the top priority."
U.S. airlines note the Federal Aviation Administration (FAA) acknowledges it does not have enough air traffic control staff and is operating 10% fewer flights than in 2019 to reduce pressure on the system.
In October, Reuters first reported major U.S. airlines opposed Transportation Department plans to update its dashboard to show whether carriers would voluntarily compensate passengers for lengthy delays within airlines' control.
The updated dashboard shows JetBlue AirwaysJBLU.O offers frequent flyer miles, travel credits or vouchers when cancellations or delays that are under the airline's control result in passengers waiting three hours or more, and Alaska Airlines ALK.N offers travel credits or vouchers. No airline guarantees cash compensation.
There is no legal requirement for airlines to compensate U.S. passengers for delayed or canceled flights, but the European Union and some other countries require compensation of up to 600 euros ($663) for most significant delays.
(Reporting by David Shepardson and Nandita Bose in Washington; editing by Jonathan Oatis)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Airlines for America, a trade association representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, and others, said U.S. airlines "have no incentive to delay or cancel a flight and do everything in their control to ensure flights depart and arrive on time, but safety is always the top priority." By David Shepardson and Nandita Bose WASHINGTON, May 8 (Reuters) - U.S. President Joe Biden's administration said Monday it is writing new rules aimed at requiring airlines to compensate passengers for significant flight delays or cancellations when the carriers are responsible. The Biden administration has objected to family seating fees, investigated 10 carriers for failing to provide refunds, pressed Southwest AirlinesLUV.N to do more after a holiday meltdown led to more than 16,000 flight cancellations, and proposed other new consumer protections.
|
Airlines for America, a trade association representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, and others, said U.S. airlines "have no incentive to delay or cancel a flight and do everything in their control to ensure flights depart and arrive on time, but safety is always the top priority." By David Shepardson and Nandita Bose WASHINGTON, May 8 (Reuters) - U.S. President Joe Biden's administration said Monday it is writing new rules aimed at requiring airlines to compensate passengers for significant flight delays or cancellations when the carriers are responsible. The Transportation Department on Monday made clear on a government website that no U.S. carriers have agreed to provide cash compensation for delayed or canceled flights under carriers' control.
|
Airlines for America, a trade association representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, and others, said U.S. airlines "have no incentive to delay or cancel a flight and do everything in their control to ensure flights depart and arrive on time, but safety is always the top priority." By David Shepardson and Nandita Bose WASHINGTON, May 8 (Reuters) - U.S. President Joe Biden's administration said Monday it is writing new rules aimed at requiring airlines to compensate passengers for significant flight delays or cancellations when the carriers are responsible. There is no legal requirement for airlines to compensate U.S. passengers for delayed or canceled flights, but the European Union and some other countries require compensation of up to 600 euros ($663) for most significant delays.
|
Airlines for America, a trade association representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, and others, said U.S. airlines "have no incentive to delay or cancel a flight and do everything in their control to ensure flights depart and arrive on time, but safety is always the top priority." By David Shepardson and Nandita Bose WASHINGTON, May 8 (Reuters) - U.S. President Joe Biden's administration said Monday it is writing new rules aimed at requiring airlines to compensate passengers for significant flight delays or cancellations when the carriers are responsible. The U.S. Department of Transportation did not specify how much cash it aims to require airlines to pay passengers for significant delays.
|
6d103904-d777-407c-919f-2ed432a370a1
|
2609.0
|
2023-05-08 00:00:00 UTC
|
US STOCKS-Wall St edges lower as bleak earnings overshadow rise in regional banks
|
AAL
|
https://www.nasdaq.com/articles/us-stocks-wall-st-edges-lower-as-bleak-earnings-overshadow-rise-in-regional-banks
|
nan
|
nan
|
By Shreyashi Sanyal and Shristi Achar A
May 8 (Reuters) - Wall Street's main indexes were flat on Monday as bleak earnings from companies including Tyson Foods and Catalent clouded a rebound in regional lenders ahead of a key inflation reading this week.
Shares of Catalent Inc CTLT.N tumbled 26.0%, the biggest decliner on the benchmark S&P 500 .SPX index, as the contract drug manufacturer saw lower revenue and core profit in 2023.
Tyson Foods TSN.N dropped 12.3% on posting a surprise second-quarter loss and cutting its full-year revenue forecast, as prices for its beef and pork declined.
On the other end, regional banks' shares stretched gains from a rebound on Friday, with PacWest Bancorp PACW.O jumping 19.9% after the lender sharply cut its quarterly dividend to boost capital.
Peers Western Alliance Bancorp WAL.N and Zions Bancorp ZION.O rose 3.9% and 3.2% respectively. Shares of such banks tumbled for much of last week on worries tied to the collapse of First Republic Bank.
At 9:49 a.m. ET, the Dow Jones Industrial Average .DJI was down 44.29 points, or 0.13%, at 33,630.09, the S&P 500 .SPX was down 2.81 points, or 0.07%, at 4,133.44 and the Nasdaq Composite .IXIC was down 29.59 points, or 0.24%, at 12,205.82.
The spotlight will be on the Labor Department's inflation data on Wednesday, which is expected to show the consumer price index (CPI) likely climbed 0.4% in April after gaining 0.1% in March, while excluding the volatile food and energy components, the CPI likely increased 0.4% last month.
Producer prices, weekly jobless claims and consumer sentiment data are all lined up through the week.
Data points this week will help investors not only gauge whether the Federal Reserve's aggressive tightening cycle - including its most recent 25 basis point hike last week - is working towards tamping down inflation but also if fears of stagflation are founded.
"We're in an information vacuum right now, waiting for the next inflation data. And that's why you're seeing some of that uncertainty in the market," said Thomas Hayes, chairman at Great Hill Capital LLC.
"You had the 'good news is good news' on Friday and a rally knowing no one wants to go short into the weekend. You also have the debt ceiling working in the background, which is a concern for people. Until some of these things get resolved, we are not going to see a repeat of the rally anytime soon."
President Joe Biden and top lawmakers from Congress are due to meet on Tuesday to resolve the stand-off over the $31.4 trillion U.S. debt ceiling.
Warren Buffett's Berkshire Hathaway Inc's BRKb.N Class B shares rose 1.2% after posting a $35.5 billion first-quarter profit, reflecting gains from stocks such as Apple.
American Airlines Group Inc AAL.O rose 4.7% after J.P. Morgan raised its rating to "overweight" from "neutral".
Advancing issues outnumbered decliners by a 1.55-to-1 ratio on the NYSE. Declining issues outnumbered advancers for a 1.05-to-1 ratio on the Nasdaq.
The S&P index recorded seven new 52-week highs and two new lows, while the Nasdaq recorded 31 new highs and 23 new lows.
(Reporting by Shreyashi Sanyal and Shristi Achar in Bengaluru; Editing by Nivedita Bhattacharjee and Maju Samuel)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines Group Inc AAL.O rose 4.7% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal and Shristi Achar A May 8 (Reuters) - Wall Street's main indexes were flat on Monday as bleak earnings from companies including Tyson Foods and Catalent clouded a rebound in regional lenders ahead of a key inflation reading this week. Tyson Foods TSN.N dropped 12.3% on posting a surprise second-quarter loss and cutting its full-year revenue forecast, as prices for its beef and pork declined.
|
American Airlines Group Inc AAL.O rose 4.7% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal and Shristi Achar A May 8 (Reuters) - Wall Street's main indexes were flat on Monday as bleak earnings from companies including Tyson Foods and Catalent clouded a rebound in regional lenders ahead of a key inflation reading this week. On the other end, regional banks' shares stretched gains from a rebound on Friday, with PacWest Bancorp PACW.O jumping 19.9% after the lender sharply cut its quarterly dividend to boost capital.
|
American Airlines Group Inc AAL.O rose 4.7% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal and Shristi Achar A May 8 (Reuters) - Wall Street's main indexes were flat on Monday as bleak earnings from companies including Tyson Foods and Catalent clouded a rebound in regional lenders ahead of a key inflation reading this week. On the other end, regional banks' shares stretched gains from a rebound on Friday, with PacWest Bancorp PACW.O jumping 19.9% after the lender sharply cut its quarterly dividend to boost capital.
|
American Airlines Group Inc AAL.O rose 4.7% after J.P. Morgan raised its rating to "overweight" from "neutral". On the other end, regional banks' shares stretched gains from a rebound on Friday, with PacWest Bancorp PACW.O jumping 19.9% after the lender sharply cut its quarterly dividend to boost capital. Producer prices, weekly jobless claims and consumer sentiment data are all lined up through the week.
|
262b3656-989a-4348-ae85-10f4c45acb10
|
2610.0
|
2023-05-08 00:00:00 UTC
|
US STOCKS-Dow, S&P 500 eye higher open as regional banks rise; key inflation data awaited
|
AAL
|
https://www.nasdaq.com/articles/us-stocks-dow-sp-500-eye-higher-open-as-regional-banks-rise-key-inflation-data-awaited
|
nan
|
nan
|
By Shreyashi Sanyal and Shristi Achar A
May 8 (Reuters) - The Dow and S&P 500 indexes eyed a higher open on Monday ahead of a key inflation reading during the week that will be scrutinized for whether the Federal Reserve's efforts to cool prices were taking hold, while shares of PacWest led a rally among regional banks.
Regional lenders' shares stretched gains from a rebound on Friday, with PacWest Bancorp PACW.O jumping 35.8% premarket after the lender sharply cut its quarterly dividend to boost capital.
Peers Western Alliance Bancorp WAL.N, Comerica Inc CMA.N and Zions Bancorp ZION.O rose between 8% and 12.3%. Shares of such banks tumbled for much of last week on worries tied to the collapse of First Republic Bank.
At 8:29 a.m. ET, Dow e-minis 1YMcv1 were up 95 points, or 0.28%, S&P 500 e-minis EScv1 were up 9.75 points, or 0.23%, and Nasdaq 100 e-minis NQcv1 were down 3.5 points, or 0.03%.
The spotlight will be on the Labor Department's inflation data on Wednesday, which is expected to show the consumer price index (CPI) likely climbed 0.4% in April after gaining 0.1% in March, while excluding the volatile food and energy components, the CPI likely increased 0.4% last month.
Producer prices, weekly jobless claims and consumer sentiment data are all lined up through the week.
Data points this week will help investors not only gauge whether the Fed's aggressive tightening cycle - including its most recent 25 basis point hike last week - is working towards tamping down inflation but also if fears of stagflation are founded.
"We're in an information vacuum right now, waiting for the next inflation data. And that's why you're seeing some of that uncertainty in the market," said Thomas Hayes, chairman at Great Hill Capital LLC.
"You had the 'good news is good news' on Friday and a rally knowing no one wants to go short into the weekend. You also have the debt ceiling working in the background, which is a concern for people. Until some of these things get resolved, we are not going to see a repeat of the rally anytime soon."
President Joe Biden and top lawmakers from Congress are due to meet on Tuesday to resolve the stand-off over the $31.4 trillion U.S. debt ceiling.
U.S. stock indexes staged a late-week rally on Friday, with the Dow Jones Industrial Average .DJI posting its biggest one-day percentage gain since Jan. 6 after upbeat results from Apple Inc AAPL.O and U.S. jobs data highlighting a resilient labor market.
Warren Buffett's Berkshire Hathaway Inc's BRKb.N Class B shares rose 1.4% after the company posting a $35.5 billion first-quarter profit, reflecting gains from stocks such as Apple.
Dish NetworkDISH.O lost 4.5% after the pay TV and wireless communications service provider reported first-quarter revenue below estimates.
Tupperware Brands Corp TUP.N slipped 8.5% after the company said it had engaged investment bank Moelis & Co LLC to explore strategic alternatives.
American Airlines Group Inc AAL.O rose 3.2% after J.P. Morgan raised its rating to "overweight" from "neutral".
(Reporting by Shreyashi Sanyal and Shristi Achar in Bengaluru; Editing by Nivedita Bhattacharjee and Maju Samuel)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines Group Inc AAL.O rose 3.2% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal and Shristi Achar A May 8 (Reuters) - The Dow and S&P 500 indexes eyed a higher open on Monday ahead of a key inflation reading during the week that will be scrutinized for whether the Federal Reserve's efforts to cool prices were taking hold, while shares of PacWest led a rally among regional banks. U.S. stock indexes staged a late-week rally on Friday, with the Dow Jones Industrial Average .DJI posting its biggest one-day percentage gain since Jan. 6 after upbeat results from Apple Inc AAPL.O and U.S. jobs data highlighting a resilient labor market.
|
American Airlines Group Inc AAL.O rose 3.2% after J.P. Morgan raised its rating to "overweight" from "neutral". The spotlight will be on the Labor Department's inflation data on Wednesday, which is expected to show the consumer price index (CPI) likely climbed 0.4% in April after gaining 0.1% in March, while excluding the volatile food and energy components, the CPI likely increased 0.4% last month. Warren Buffett's Berkshire Hathaway Inc's BRKb.N Class B shares rose 1.4% after the company posting a $35.5 billion first-quarter profit, reflecting gains from stocks such as Apple.
|
American Airlines Group Inc AAL.O rose 3.2% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal and Shristi Achar A May 8 (Reuters) - The Dow and S&P 500 indexes eyed a higher open on Monday ahead of a key inflation reading during the week that will be scrutinized for whether the Federal Reserve's efforts to cool prices were taking hold, while shares of PacWest led a rally among regional banks. Data points this week will help investors not only gauge whether the Fed's aggressive tightening cycle - including its most recent 25 basis point hike last week - is working towards tamping down inflation but also if fears of stagflation are founded.
|
American Airlines Group Inc AAL.O rose 3.2% after J.P. Morgan raised its rating to "overweight" from "neutral". By Shreyashi Sanyal and Shristi Achar A May 8 (Reuters) - The Dow and S&P 500 indexes eyed a higher open on Monday ahead of a key inflation reading during the week that will be scrutinized for whether the Federal Reserve's efforts to cool prices were taking hold, while shares of PacWest led a rally among regional banks. Shares of such banks tumbled for much of last week on worries tied to the collapse of First Republic Bank.
|
c008b146-1d28-46d6-947a-ec3b8e83c32b
|
2611.0
|
2023-05-08 00:00:00 UTC
|
US STOCKS-Futures edge higher, key inflation data awaited
|
AAL
|
https://www.nasdaq.com/articles/us-stocks-futures-edge-higher-key-inflation-data-awaited
|
nan
|
nan
|
By Shreyashi Sanyal
May 8 (Reuters) - U.S. stock index futures edged higher on Monday ahead of a key inflation reading during the week that will be scrutinized for whether the Federal Reserve's efforts to cool prices were taking hold, while shares of regional lenders extended gains.
Regional bank shares stretched gains from a rebound on Friday, with PacWest Bancorp PACW.O jumping 33% premarket after the company announced quarterly dividend. Peers Western Alliance Bancorp WAL.N, Comerica Inc CMA.N and Zions Bancorp ZION.O rose between 3.5% and 8.6%.
Shares of such banks tumbled for much of last week on worries tied to the collapse of First Republic Bank.
U.S. stock indexes staged a late-week rally on Friday, with the Dow Jones Industrial Average .DJI posting its biggest one-day percentage gain since Jan. 6 after upbeat results from Apple Inc AAPL.O and U.S. jobs data highlighting a resilient labor market.
At 6:37 a.m. ET, Dow e-minis 1YMcv1 were up 67 points, or 0.2%, S&P 500 e-minis EScv1 were up 6 points, or 0.14%, and Nasdaq 100 e-minis NQcv1 were down 4.25 points, or 0.03%.
Focus will be on the Labor Department's inflation data on Wednesday, which is expected to show the consumer price index (CPI) likely climbed 0.4% in April after gaining 0.1% in March, while excluding the volatile food and energy components, the CPI likely increased 0.4% last month.
Data on producer prices, weekly jobless claims and on consumer sentiment are all lined up through the week.
These data points will help investors not only gauge whether the Fed's aggressive tightening cycle - including its most recent 25 basis point hike last week - is working towards tamping down inflation but also if fears of stagflation are founded.
"Market expectation of cuts already in the summer are based on a too-optimistic forecast of a quick disinflation," Paolo Zanghieri senior economist at Generali Investments, wrote in a note. "Anyway, inflation stabilizing at 3% would not be enough for the Fed to start easing rates."
American Airlines Group Inc AAL.O rose 3.0% after J.P. Morgan raised its rating on the company's stock to "overweight" from "neutral", while Southwest Airlines Co LUV.N fell 1.1% as JPM downgraded its stock to "neutral" from "overweight".
On earnings, Warren Buffett's Berkshire Hathaway Inc's BRKb.N Class B shares rose 1.5% after the company posting a $35.5 billion first-quarter profit, reflecting gains from stocks such as Apple.
Dish NetworkDISH.O lost 4.5% after the pay TV and wireless communications service provider reported first-quarter revenue below estimates.
Tupperware Brands Corp TUP.N tumbled 18.3% after the company said it had engaged investment bank Moelis & Co LLC to explore strategic alternatives.
(Reporting by Shreyashi Sanyal and Shristi Achar in Bengaluru; Editing by Nivedita Bhattacharjee and Maju Samuel)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines Group Inc AAL.O rose 3.0% after J.P. Morgan raised its rating on the company's stock to "overweight" from "neutral", while Southwest Airlines Co LUV.N fell 1.1% as JPM downgraded its stock to "neutral" from "overweight". By Shreyashi Sanyal May 8 (Reuters) - U.S. stock index futures edged higher on Monday ahead of a key inflation reading during the week that will be scrutinized for whether the Federal Reserve's efforts to cool prices were taking hold, while shares of regional lenders extended gains. U.S. stock indexes staged a late-week rally on Friday, with the Dow Jones Industrial Average .DJI posting its biggest one-day percentage gain since Jan. 6 after upbeat results from Apple Inc AAPL.O and U.S. jobs data highlighting a resilient labor market.
|
American Airlines Group Inc AAL.O rose 3.0% after J.P. Morgan raised its rating on the company's stock to "overweight" from "neutral", while Southwest Airlines Co LUV.N fell 1.1% as JPM downgraded its stock to "neutral" from "overweight". Regional bank shares stretched gains from a rebound on Friday, with PacWest Bancorp PACW.O jumping 33% premarket after the company announced quarterly dividend. ET, Dow e-minis 1YMcv1 were up 67 points, or 0.2%, S&P 500 e-minis EScv1 were up 6 points, or 0.14%, and Nasdaq 100 e-minis NQcv1 were down 4.25 points, or 0.03%.
|
American Airlines Group Inc AAL.O rose 3.0% after J.P. Morgan raised its rating on the company's stock to "overweight" from "neutral", while Southwest Airlines Co LUV.N fell 1.1% as JPM downgraded its stock to "neutral" from "overweight". By Shreyashi Sanyal May 8 (Reuters) - U.S. stock index futures edged higher on Monday ahead of a key inflation reading during the week that will be scrutinized for whether the Federal Reserve's efforts to cool prices were taking hold, while shares of regional lenders extended gains. Focus will be on the Labor Department's inflation data on Wednesday, which is expected to show the consumer price index (CPI) likely climbed 0.4% in April after gaining 0.1% in March, while excluding the volatile food and energy components, the CPI likely increased 0.4% last month.
|
American Airlines Group Inc AAL.O rose 3.0% after J.P. Morgan raised its rating on the company's stock to "overweight" from "neutral", while Southwest Airlines Co LUV.N fell 1.1% as JPM downgraded its stock to "neutral" from "overweight". Regional bank shares stretched gains from a rebound on Friday, with PacWest Bancorp PACW.O jumping 33% premarket after the company announced quarterly dividend. Shares of such banks tumbled for much of last week on worries tied to the collapse of First Republic Bank.
|
090c3335-07d6-4ce3-88e5-da95c6def54f
|
2612.0
|
2023-05-08 00:00:00 UTC
|
US STOCKS-Futures muted, key inflation data on tap
|
AAL
|
https://www.nasdaq.com/articles/us-stocks-futures-muted-key-inflation-data-on-tap
|
nan
|
nan
|
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures: Dow up 0.10%, S&P flat, Nasdaq down 0.12%
May 8 (Reuters) - U.S. stock index futures were muted on Monday at the beginning of a week packed with economic data points, including a key inflation reading that will be scrutinized for signs of whether the Federal Reserve is succeeding in its attempt to cool prices.
At 5:06 a.m. ET, Dow e-minis 1YMcv1 were up 33 points, or 0.1%, S&P 500 e-minis EScv1 were up 1 points, or 0.02%, and Nasdaq 100 e-minis NQcv1 were down 15.5 points, or 0.12%.
U.S. stock indexes staged a late-week rally on Friday, with the Dow Jones Industrial Average .DJI posting its biggest one-day percentage gain since Jan. 6 after upbeat results from Apple Inc AAPL.O and U.S. jobs data highlighting a resilient labor market.
Focus will be on the Labor Department's inflation data on Wednesday, which is expected to show the consumer price index (CPI) likely climbed 0.4% in April, after gaining 0.1% in March, while excluding the volatile food and energy components, the CPI likely increased 0.4% last month.
Data on producer prices, weekly jobless claims, and on consumer sentiment are all lined up through the week.
These data points will help investors not only gauge whether the Fed's aggressive tightening cycle - including its most recent 25 basis point hike last week - is working towards tamping down inflation but also, if fears of stagflation are founded.
"Market expectation of cuts already in the summer are based on a too-optimistic forecast of a quick disinflation," Paolo Zanghieri Senior economist at Generali Investments wrote in a note. "Anyway, inflation stabilizing at 3% would not be enough for the Fed to start easing rates."
Regional bank shares extended gains in premarket, with PacWest Bancorp PACW.O jumping 13.5% after the company announced quarterly dividend. Peers, Western Alliance Bancorp WAL.N, Comerica Inc CMA.N and Zions Bancorp ZION.O rose between 2.8% and 4.9%.
Shares of such regional lenders rebounded on Friday from declines tied to the collapse of First Republic Bank.
American Airlines Group Inc AAL.O rose 1.9% after J.P. Morgan raised its rating on the company's stock to "overweight" from "neutral", while Southwest Airlines Co LUV.N fell 1.3% as JPM downgraded its stock to "neutral" from "overweight".
(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Nivedita Bhattacharjee)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines Group Inc AAL.O rose 1.9% after J.P. Morgan raised its rating on the company's stock to "overweight" from "neutral", while Southwest Airlines Co LUV.N fell 1.3% as JPM downgraded its stock to "neutral" from "overweight". U.S. stock indexes staged a late-week rally on Friday, with the Dow Jones Industrial Average .DJI posting its biggest one-day percentage gain since Jan. 6 after upbeat results from Apple Inc AAPL.O and U.S. jobs data highlighting a resilient labor market. "Market expectation of cuts already in the summer are based on a too-optimistic forecast of a quick disinflation," Paolo Zanghieri Senior economist at Generali Investments wrote in a note.
|
American Airlines Group Inc AAL.O rose 1.9% after J.P. Morgan raised its rating on the company's stock to "overweight" from "neutral", while Southwest Airlines Co LUV.N fell 1.3% as JPM downgraded its stock to "neutral" from "overweight". Futures: Dow up 0.10%, S&P flat, Nasdaq down 0.12% May 8 (Reuters) - U.S. stock index futures were muted on Monday at the beginning of a week packed with economic data points, including a key inflation reading that will be scrutinized for signs of whether the Federal Reserve is succeeding in its attempt to cool prices. ET, Dow e-minis 1YMcv1 were up 33 points, or 0.1%, S&P 500 e-minis EScv1 were up 1 points, or 0.02%, and Nasdaq 100 e-minis NQcv1 were down 15.5 points, or 0.12%.
|
American Airlines Group Inc AAL.O rose 1.9% after J.P. Morgan raised its rating on the company's stock to "overweight" from "neutral", while Southwest Airlines Co LUV.N fell 1.3% as JPM downgraded its stock to "neutral" from "overweight". Futures: Dow up 0.10%, S&P flat, Nasdaq down 0.12% May 8 (Reuters) - U.S. stock index futures were muted on Monday at the beginning of a week packed with economic data points, including a key inflation reading that will be scrutinized for signs of whether the Federal Reserve is succeeding in its attempt to cool prices. U.S. stock indexes staged a late-week rally on Friday, with the Dow Jones Industrial Average .DJI posting its biggest one-day percentage gain since Jan. 6 after upbeat results from Apple Inc AAPL.O and U.S. jobs data highlighting a resilient labor market.
|
American Airlines Group Inc AAL.O rose 1.9% after J.P. Morgan raised its rating on the company's stock to "overweight" from "neutral", while Southwest Airlines Co LUV.N fell 1.3% as JPM downgraded its stock to "neutral" from "overweight". Futures: Dow up 0.10%, S&P flat, Nasdaq down 0.12% May 8 (Reuters) - U.S. stock index futures were muted on Monday at the beginning of a week packed with economic data points, including a key inflation reading that will be scrutinized for signs of whether the Federal Reserve is succeeding in its attempt to cool prices. These data points will help investors not only gauge whether the Fed's aggressive tightening cycle - including its most recent 25 basis point hike last week - is working towards tamping down inflation but also, if fears of stagflation are founded.
|
a0e7441e-15bd-4ec6-8d59-89e2628ed0e7
|
2613.0
|
2023-05-08 00:00:00 UTC
|
Biden plans to bolster US airline consumer protections
|
AAL
|
https://www.nasdaq.com/articles/biden-plans-to-bolster-us-airline-consumer-protections
|
nan
|
nan
|
By David Shepardson and Nandita Bose
WASHINGTON, May 8 (Reuters) - President Joe Biden will announce on Monday that the U.S. Transportation Department aims to write new rules requiring airlines to compensate passengers for significant flight delays or cancellations when carriers are responsible.
It is the latest in a series of moves by the Biden administration to crack down on airlines and bolster passenger consumer protections.
"When an airline causes a flight cancellation or delay, passengers should not foot the bill,” U.S. Transportation Secretary (USDOT) Pete Buttigieg said in a statement.
USDOT said it plans to write regulations that will require airlines to cover expenses such as meals and hotels if carriers are responsible for stranding passengers. Most carriers voluntarily committed in August 2022 to providing hotels or meals but resisted providing cash compensation for delays.
The Biden administration has objected to family seating fees, investigated 10 carriers for failing to provide refunds, pressed Southwest AirlinesLUV.N to do more after a holiday meltdown led to more than 16,000 flight cancellations and proposed other new consumer protections.
USDOT will make clear starting Monday on a government website that no U.S. carriers have agreed to provide cash compensation for delayed or canceled flights under carriers' control.
The Biden administration has sparred with U.S. airlines over who was to blame for hundreds of thousands of flight disruptions last year.
Airlines for America, a trade association representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, and others, said U.S. airlines "have no incentive to delay or cancel a flight and do everything in their control to ensure flights depart and arrive on time, but safety is always the top priority."
U.S. airlines note the Federal Aviation Administration (FAA) acknowledges it does not have enough air traffic control staff and is operating 10% fewer flights than in 2019 to reduce pressure on the system.
In October, Reuters first reported major U.S. airlines opposed USDOT plans to update its dashboard to show whether carriers would voluntarily compensate passengers for lengthy delays within airlines' control.
USDOT said Monday the updated dashboard will show that one airline guarantees frequent flyer miles and two airlines guarantee travel credits or vouchers when cancellations or delays result in passengers' waiting three hours. No airline guarantees cash compensation.
There is no legal requirement for airlines to compensate U.S. passengers for delayed or canceled flights, but the European Union and some other countries require compensation of up to 600 euros ($663) for most significant delays.
(Reporting by David Shepardson and Nandita Bose in Washington)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Airlines for America, a trade association representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, and others, said U.S. airlines "have no incentive to delay or cancel a flight and do everything in their control to ensure flights depart and arrive on time, but safety is always the top priority." By David Shepardson and Nandita Bose WASHINGTON, May 8 (Reuters) - President Joe Biden will announce on Monday that the U.S. Transportation Department aims to write new rules requiring airlines to compensate passengers for significant flight delays or cancellations when carriers are responsible. The Biden administration has objected to family seating fees, investigated 10 carriers for failing to provide refunds, pressed Southwest AirlinesLUV.N to do more after a holiday meltdown led to more than 16,000 flight cancellations and proposed other new consumer protections.
|
Airlines for America, a trade association representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, and others, said U.S. airlines "have no incentive to delay or cancel a flight and do everything in their control to ensure flights depart and arrive on time, but safety is always the top priority." By David Shepardson and Nandita Bose WASHINGTON, May 8 (Reuters) - President Joe Biden will announce on Monday that the U.S. Transportation Department aims to write new rules requiring airlines to compensate passengers for significant flight delays or cancellations when carriers are responsible. USDOT will make clear starting Monday on a government website that no U.S. carriers have agreed to provide cash compensation for delayed or canceled flights under carriers' control.
|
Airlines for America, a trade association representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, and others, said U.S. airlines "have no incentive to delay or cancel a flight and do everything in their control to ensure flights depart and arrive on time, but safety is always the top priority." By David Shepardson and Nandita Bose WASHINGTON, May 8 (Reuters) - President Joe Biden will announce on Monday that the U.S. Transportation Department aims to write new rules requiring airlines to compensate passengers for significant flight delays or cancellations when carriers are responsible. In October, Reuters first reported major U.S. airlines opposed USDOT plans to update its dashboard to show whether carriers would voluntarily compensate passengers for lengthy delays within airlines' control.
|
Airlines for America, a trade association representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, and others, said U.S. airlines "have no incentive to delay or cancel a flight and do everything in their control to ensure flights depart and arrive on time, but safety is always the top priority." By David Shepardson and Nandita Bose WASHINGTON, May 8 (Reuters) - President Joe Biden will announce on Monday that the U.S. Transportation Department aims to write new rules requiring airlines to compensate passengers for significant flight delays or cancellations when carriers are responsible. USDOT said it plans to write regulations that will require airlines to cover expenses such as meals and hotels if carriers are responsible for stranding passengers.
|
69c19b3f-ea87-4f51-a676-3fc84baee383
|
2614.0
|
2023-05-04 00:00:00 UTC
|
ANALYSIS-Delta's pilot deal turns up the heat on rival airlines' union negotiations
|
AAL
|
https://www.nasdaq.com/articles/analysis-deltas-pilot-deal-turns-up-the-heat-on-rival-airlines-union-negotiations
|
nan
|
nan
|
By Rajesh Kumar Singh and Allison Lampert
May 4 (Reuters) - Delta Air Lines' DAL.N industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season.
Any proposal that falls short of Delta's deal will likely have no takers among the unions, but airline executives say even matching that contract could balloon operating costs at a time when a worsening economy has clouded travel outlook. The Delta deal, working conditions and other topics will be discussed at a global conference of pilots in Montreal through Sunday.
"Delta is out there as a marker," American Airlines AAL.O CFO Devon May told Reuters. "That's what we are looking towards as we are working with our pilots union to get a deal done."
The Fort Worth, Texas-based carrier has estimated that matching Delta's offer will cost it about $8 billion over four years. American Airlines, United Airlines UAL.O and Southwest Airlines LUV.N are all in the middle of contract negotiations with their pilots.
Southwest and United have not quantified the potential impact publicly, but both expect a marked increase in non-fuel operating costs.
Jason Ambrosi, head of the Air Line Pilots Association (ALPA) and an architect of Delta's deal, told Reuters the big increases in pay rates and benefits will not break airlines. They serve as a way for pilots to make up for concessions made during earlier crises like after Sept. 11, he said.
"Guess what? That's what pilots are worth," Ambrosi said. "I'm not going to make any excuses for why we got the deal we got."
But some industry officials say hefty raises for pilots will likely spark demands for similar deals from flight attendants and other workers, potentially resulting in millions of dollars in additional costs.
Delta, whose earnings have recovered from pandemic lows faster than rivals, has to deal with just one major union. Its flight attendants are not unionized. But American, United and Southwest have unions with multiple worker groups.
Delta's deal has put competitors in a bind.
One Southwest official, who asked not to be identified discussing labor talks, said the company is "realistic" about the situation and any deal less than Delta's would likely be voted down.
Airlines have leaned on higher ticket prices amid strong travel demand to mitigate cost pressures, but consumer spending is at risk.
MARKET SHIFT
Industry executives say Delta's agreement has shifted the market. The carrier's pilot union said it made no concessions in the deal, which included dozens of work-rule improvements and quality-of-life related items.
In an update to its members this week, United's pilot union said it is seeking similar improvements.
Dennis Tajer, a spokesman for American's pilots union, said while pilots are not ready to sacrifice market-linked compensation, work-life balance and scheduling certainty have become a far bigger priority.
"The new currency for our pilots, regardless of age, is quality of life," he said. "Delta came in and changed what pilots believed was possible."
American pilots have voted to authorize a strike if a new employment contract isn't reached. Southwest pilots are voting for a similar measure and United pilots are picketing.
While pilots cannot walk off the job until the National Mediation Board grants them permission, union officials warn further delays will make it harder to attract and retain talent and that impacts airlines' flight schedules.
United executives declined to provide a timeline for the pilot deal. They said the airline has the pilots it needs to fly its summer schedule.
American has said it has as much as 50 underused mainline jets and about 150 regional aircraft grounded because of a shortage of pilots.
Tajer, the union rep for American's pilots, said while the company is not facing a problem in attracting pilots, it is hard pressed for enough instructors to train them. A deal will increase the population of instructor pilots, he added.
Southwest, too, has a surplus of under-utilized aircraft. Casey Murray, head of the Dallas-based airline's pilot union, said it has lost more pilots in the first four months of this year than it did in all of 2022.
ALPA's Ambrosi said any gains at larger airlines will also be felt at mid-sized players like JetBlue JBLU.O, Spirit SAVE.N, and Frontier ULCC.O, which will have to pay competitive wage to retain pilots or else will have an "attrition issue."
(Reporting by Rajesh Kumar Singh in Chicago and Allison Lampert in Montreal, editing by Ben Klayman and Aurora Ellis)
((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.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.
|
"Delta is out there as a marker," American Airlines AAL.O CFO Devon May told Reuters. By Rajesh Kumar Singh and Allison Lampert May 4 (Reuters) - Delta Air Lines' DAL.N industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. Jason Ambrosi, head of the Air Line Pilots Association (ALPA) and an architect of Delta's deal, told Reuters the big increases in pay rates and benefits will not break airlines.
|
"Delta is out there as a marker," American Airlines AAL.O CFO Devon May told Reuters. By Rajesh Kumar Singh and Allison Lampert May 4 (Reuters) - Delta Air Lines' DAL.N industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. American Airlines, United Airlines UAL.O and Southwest Airlines LUV.N are all in the middle of contract negotiations with their pilots.
|
"Delta is out there as a marker," American Airlines AAL.O CFO Devon May told Reuters. By Rajesh Kumar Singh and Allison Lampert May 4 (Reuters) - Delta Air Lines' DAL.N industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. American Airlines, United Airlines UAL.O and Southwest Airlines LUV.N are all in the middle of contract negotiations with their pilots.
|
"Delta is out there as a marker," American Airlines AAL.O CFO Devon May told Reuters. By Rajesh Kumar Singh and Allison Lampert May 4 (Reuters) - Delta Air Lines' DAL.N industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. American Airlines, United Airlines UAL.O and Southwest Airlines LUV.N are all in the middle of contract negotiations with their pilots.
|
bf00cd2d-f657-42b6-81be-565864f42915
|
2615.0
|
2023-05-04 00:00:00 UTC
|
Here's Why Investors May Bet on United Airlines (UAL) Stock
|
AAL
|
https://www.nasdaq.com/articles/heres-why-investors-may-bet-on-united-airlines-ual-stock
|
nan
|
nan
|
United Airlines UAL is gaining from an uptick in air-travel demand (particularly on the leisure front). The upsurge in passenger volumes makes the UAL stock an interesting investment opportunity.
Let’s delve deep to unearth the factors working in favor of the Zacks Rank #1 (Strong Buy) stock.
Northward Earnings Estimates: The Zacks Consensus Estimate for current-quarter and current-year earnings have been revised 49.8% and 8.5% upward, over the past 60 days, respectively. Such favorable estimate revisions reflect brokers’ confidence in the stock.
Given the wealth of information at the brokers’ disposal, it is in the best interest of investors to be guided by their expert advice and the direction of their estimate revisions. This is because it serves as a key indicator in determining the price of a stock.
Upbeat Air-travel Demand: United Airlines is seeing a steady recovery in domestic and international air-travel demand. Owing to robust air-travel demand, United Airlines posted a significant year-over-year increase (51.1%) in first-quarter 2023 revenues. The massive year-over-year improvement in the top line was driven by a 61.8% rise in passenger revenues (accounting for 89.8% of the top line) to $10,274 million.
Owing to strong air-travel demand, UAL expects revenues for the June quarter to grow 14-16% year over year. Management expects second-quarter earnings per share in the $3.50-$4.00 band.
Impressive Price Performance: Driven by the rosy air-travel demand scenario, shares of UAL have increased 18% year to date compared with its industry’s appreciation of 5.5%.
Image Source: Zacks Investment Research
Bullish Industry Rank: The industry, to which UAL belongs, currently has a Zacks Industry Rank of 35 (of 250 plus groups). Such a solid rank places the company in the top 14% of the Zacks industries. Studies show that 50% of a stock price movement is directly tied to the performance of the industry group that it hails from.
In fact, an ordinary stock in a strong group is likely to outperform a robust stock in a weak industry. Therefore, taking the industry’s performance into consideration becomes imperative.
Other Stocks to Consider
Investors interested in the Zacks Airline industry may also consider stocks like American Airlines AAL and Alaska Air Group ALK, each carrying a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines is benefiting from the improved air-travel-demand situation. In the first quarter of 2023, AAL’s operating revenues of $12,189 million increased 37% year over year.
AAL expects system capacity for the June quarter to increase 3.5-5.5% from the figure reported in second-quarter 2022. The Zacks Consensus Estimate for AAL’s current-year earnings has been revised upward by 15.3% in the past 60 days.
On the back of upbeat air-travel demand and favorable pricing, Alaska Air's top line increased 31% year over year in the March quarter. The company expects to boost its fleet and workforce in 2023 to meet the anticipated high demand.
ALK expects second-quarter 2023 total revenues to increase 2.5-5.5% from the second-quarter 2022 actuals. The Zacks Consensus Estimate for Alaska Air's current-year earnings has been revised upward by 6.9% in the past 60 days.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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 Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : 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.
|
Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider stocks like American Airlines AAL and Alaska Air Group ALK, each carrying a Zacks Rank #2 (Buy), at present. In the first quarter of 2023, AAL’s operating revenues of $12,189 million increased 37% year over year. AAL expects system capacity for the June quarter to increase 3.5-5.5% from the figure reported in second-quarter 2022.
|
Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider stocks like American Airlines AAL and Alaska Air Group ALK, each carrying a Zacks Rank #2 (Buy), at present. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. In the first quarter of 2023, AAL’s operating revenues of $12,189 million increased 37% year over year.
|
Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider stocks like American Airlines AAL and Alaska Air Group ALK, each carrying a Zacks Rank #2 (Buy), at present. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. In the first quarter of 2023, AAL’s operating revenues of $12,189 million increased 37% year over year.
|
Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider stocks like American Airlines AAL and Alaska Air Group ALK, each carrying a Zacks Rank #2 (Buy), at present. In the first quarter of 2023, AAL’s operating revenues of $12,189 million increased 37% year over year. AAL expects system capacity for the June quarter to increase 3.5-5.5% from the figure reported in second-quarter 2022.
|
189214fc-d067-458b-b06f-43f435aeac60
|
2616.0
|
2023-05-04 00:00:00 UTC
|
ANALYSIS-Delta's pilot deal turns up the heat on rival airlines' union negotiations
|
AAL
|
https://www.nasdaq.com/articles/analysis-deltas-pilot-deal-turns-up-the-heat-on-rival-airlines-union-negotiations-0
|
nan
|
nan
|
By Rajesh Kumar Singh and Allison Lampert
May 4 (Reuters) - Delta Air Lines' DAL.N industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season.
Any proposal that falls short of Delta's deal will likely have no takers among the unions, but airline executives say even matching that contract could balloon operating costs at a time when a worsening economy has clouded travel outlook. The Delta deal, working conditions and other topics will be discussed at a global conference of pilots in Montreal through Sunday.
"Delta is out there as a marker," American Airlines AAL.O Chief Financial Officer Devon May told Reuters. "That's what we are looking towards as we are working with our pilots union to get a deal done."
The Fort Worth, Texas-based carrier has estimated that matching Delta's offer will cost it about $8 billion over four years. American Airlines, United Airlines UAL.O and Southwest Airlines LUV.N are all in the middle of contract negotiations with their pilots.
Southwest and United have not quantified the potential impact publicly, but both expect a marked increase in non-fuel operating costs.
Jason Ambrosi, head of the Air Line Pilots Association (ALPA) and an architect of Delta's deal, told Reuters the big increases in pay rates and benefits will not break airlines. They serve as a way for pilots to make up for concessions made during earlier crises like after Sept. 11, he said.
"Guess what? That's what pilots are worth," Ambrosi said. "I'm not going to make any excuses for why we got the deal we got."
But some industry officials say hefty raises for pilots will likely spark demands for similar deals from flight attendants and other workers, potentially resulting in millions of dollars in additional costs.
Delta, whose earnings have recovered from pandemic lows faster than rivals, has to deal with just one major union. Its flight attendants are not unionized. But American, United and Southwest have unions with multiple worker groups.
Delta's deal has put competitors in a bind.
One Southwest official, who asked not to be identified discussing labor talks, said the company is "realistic" about the situation and any deal less than Delta's would likely be voted down.
Airlines have leaned on higher ticket prices amid strong travel demand to mitigate cost pressures, but consumer spending is at risk.
MARKET SHIFT
Industry executives say Delta's agreement has shifted the market. The carrier's pilot union said it made no concessions in the deal, which included dozens of work-rule improvements and quality-of-life related items.
In an update to its members this week, United's pilot union said it is seeking similar improvements.
Dennis Tajer, a spokesman for American's pilots union, Allied Pilots Association, said while pilots are not ready to sacrifice market-linked compensation, work-life balance and scheduling certainty have become a far bigger priority.
"The new currency for our pilots, regardless of age, is quality of life," he said. "Delta came in and changed what pilots believed was possible."
Allied's President Ed Sicher told Reuters that quality of life became more of an issue since the rebound from COVID-19 as pilots fly more to match soaring travel demand.
He said there are about a half dozen issues, such as scheduling and sick days, to work out.
“If we can close the loop on these issues, I feel we could actually be at a point where we could get an agreement.”
American pilots have voted to authorize a strike if a new employment contract isn't reached. Southwest pilots are voting for a similar measure and United pilots are picketing.
While pilots cannot walk off the job until the National Mediation Board grants them permission, union officials warn further delays will make it harder to attract and retain talent and that impacts airlines' flight schedules.
United executives declined to provide a timeline for the pilot deal. They said the airline has the pilots it needs to fly its summer schedule.
American has said it has as much as 50 underused mainline jets and about 150 regional aircraft grounded because of a shortage of pilots.
Tajer, the union rep for American's pilots, said while the company is not facing a problem in attracting pilots, it is hard pressed for enough instructors to train them. A deal will increase the population of instructor pilots, he added.
Southwest, too, has a surplus of underutilized aircraft. Casey Murray, head of the Dallas-based airline's pilot union, said it has lost more pilots in the first four months of this year than it did in all of 2022.
ALPA's Ambrosi said any gains at larger airlines will also be felt at midsized players like JetBlue JBLU.O, Spirit SAVE.N, and Frontier ULCC.O, which will have to pay competitive wage to retain pilots or else will have an "attrition issue."
(Reporting by Rajesh Kumar Singh in Chicago and Allison Lampert in Montreal; editing by Ben Klayman, Aurora Ellis and Jonathan Oatis)
((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.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.
|
"Delta is out there as a marker," American Airlines AAL.O Chief Financial Officer Devon May told Reuters. By Rajesh Kumar Singh and Allison Lampert May 4 (Reuters) - Delta Air Lines' DAL.N industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. Any proposal that falls short of Delta's deal will likely have no takers among the unions, but airline executives say even matching that contract could balloon operating costs at a time when a worsening economy has clouded travel outlook.
|
"Delta is out there as a marker," American Airlines AAL.O Chief Financial Officer Devon May told Reuters. By Rajesh Kumar Singh and Allison Lampert May 4 (Reuters) - Delta Air Lines' DAL.N industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. American Airlines, United Airlines UAL.O and Southwest Airlines LUV.N are all in the middle of contract negotiations with their pilots.
|
"Delta is out there as a marker," American Airlines AAL.O Chief Financial Officer Devon May told Reuters. By Rajesh Kumar Singh and Allison Lampert May 4 (Reuters) - Delta Air Lines' DAL.N industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. American Airlines, United Airlines UAL.O and Southwest Airlines LUV.N are all in the middle of contract negotiations with their pilots.
|
"Delta is out there as a marker," American Airlines AAL.O Chief Financial Officer Devon May told Reuters. By Rajesh Kumar Singh and Allison Lampert May 4 (Reuters) - Delta Air Lines' DAL.N industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. "That's what we are looking towards as we are working with our pilots union to get a deal done."
|
4ac0ee03-5b5f-48ca-bfa8-96a38b1c49fb
|
2617.0
|
2023-05-03 00:00:00 UTC
|
Biden administration OKs boost in Chinese airline flights to US
|
AAL
|
https://www.nasdaq.com/articles/biden-administration-oks-boost-in-chinese-airline-flights-to-us
|
nan
|
nan
|
By David Shepardson
WASHINGTON, May 3 (Reuters) - The United States will allow Chinese airlines to increase U.S. passenger services to 12 weekly round-trips, the Transportation Department (USDOT) said on Wednesday, equal to the number of flights Beijing has permitted for American carriers.
It is a boost from the eight weekly round-trip flights currently allowed by Chinese carriers and matches what Beijing has permitted for U.S. carriers, but a small fraction of the more than 150 round-trip flights allowed by each side before restrictions were imposed in early 2020 due to the COVID-19 pandemic.
USDOT's order said its goal was "a gradual, broader reopening of the U.S.-China air services market." China in March reopened its borders to foreign tourists for the first time in the three years after abandoning COVID-related border controls for its own citizens in January.
U.S. carriers American Airlines AAL.O, Delta Air Lines DAL.N, and United Airlines UAL.O operate scheduled passenger services between the countries, as do Chinese operators Xiamen Airlines, Air China 601111.SS, China Southern Airlines 600029.SS and China Eastern Airlines 600115.SS.
USDOT noted American began operating two additional roundtrip weekly flights to Shanghai from Texas in March after Chinese pandemic restrictions were dropped.
USDOT said in its order that Chinese restrictions on air travel "had, and continue to have, a devastating effect on the U.S.-China air transport market."
U.S. airlines and other foreign carriers are barred from flying over Russia in retaliation for the United States banning Russia from flights over the U.S. in March 2022 after its invasion of Ukraine.
In February, two key senators issued a letter urging the Biden administration to halt Chinese airlines and other non-American carriers from flying over Russia on U.S. routes, which gives them an advantage in fuel burn and flying time.
Airlines for America, which represents major U.S. carriers, in February praised the senators' letter, noting it underscored longstanding industry concerns regarding Russian overflights that had disadvantaged American passenger and cargo carriers.
(Reporting by David Shepardson; Editing by Sandra Maler and Jamie Freed)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
U.S. carriers American Airlines AAL.O, Delta Air Lines DAL.N, and United Airlines UAL.O operate scheduled passenger services between the countries, as do Chinese operators Xiamen Airlines, Air China 601111.SS, China Southern Airlines 600029.SS and China Eastern Airlines 600115.SS. By David Shepardson WASHINGTON, May 3 (Reuters) - The United States will allow Chinese airlines to increase U.S. passenger services to 12 weekly round-trips, the Transportation Department (USDOT) said on Wednesday, equal to the number of flights Beijing has permitted for American carriers. It is a boost from the eight weekly round-trip flights currently allowed by Chinese carriers and matches what Beijing has permitted for U.S. carriers, but a small fraction of the more than 150 round-trip flights allowed by each side before restrictions were imposed in early 2020 due to the COVID-19 pandemic.
|
U.S. carriers American Airlines AAL.O, Delta Air Lines DAL.N, and United Airlines UAL.O operate scheduled passenger services between the countries, as do Chinese operators Xiamen Airlines, Air China 601111.SS, China Southern Airlines 600029.SS and China Eastern Airlines 600115.SS. By David Shepardson WASHINGTON, May 3 (Reuters) - The United States will allow Chinese airlines to increase U.S. passenger services to 12 weekly round-trips, the Transportation Department (USDOT) said on Wednesday, equal to the number of flights Beijing has permitted for American carriers. It is a boost from the eight weekly round-trip flights currently allowed by Chinese carriers and matches what Beijing has permitted for U.S. carriers, but a small fraction of the more than 150 round-trip flights allowed by each side before restrictions were imposed in early 2020 due to the COVID-19 pandemic.
|
U.S. carriers American Airlines AAL.O, Delta Air Lines DAL.N, and United Airlines UAL.O operate scheduled passenger services between the countries, as do Chinese operators Xiamen Airlines, Air China 601111.SS, China Southern Airlines 600029.SS and China Eastern Airlines 600115.SS. By David Shepardson WASHINGTON, May 3 (Reuters) - The United States will allow Chinese airlines to increase U.S. passenger services to 12 weekly round-trips, the Transportation Department (USDOT) said on Wednesday, equal to the number of flights Beijing has permitted for American carriers. It is a boost from the eight weekly round-trip flights currently allowed by Chinese carriers and matches what Beijing has permitted for U.S. carriers, but a small fraction of the more than 150 round-trip flights allowed by each side before restrictions were imposed in early 2020 due to the COVID-19 pandemic.
|
U.S. carriers American Airlines AAL.O, Delta Air Lines DAL.N, and United Airlines UAL.O operate scheduled passenger services between the countries, as do Chinese operators Xiamen Airlines, Air China 601111.SS, China Southern Airlines 600029.SS and China Eastern Airlines 600115.SS. By David Shepardson WASHINGTON, May 3 (Reuters) - The United States will allow Chinese airlines to increase U.S. passenger services to 12 weekly round-trips, the Transportation Department (USDOT) said on Wednesday, equal to the number of flights Beijing has permitted for American carriers. In February, two key senators issued a letter urging the Biden administration to halt Chinese airlines and other non-American carriers from flying over Russia on U.S. routes, which gives them an advantage in fuel burn and flying time.
|
d8d6de25-024d-46aa-b443-5698fe8c123f
|
2618.0
|
2023-05-03 00:00:00 UTC
|
Should You Invest in the U.S. Global Jets ETF (JETS)?
|
AAL
|
https://www.nasdaq.com/articles/should-you-invest-in-the-u.s.-global-jets-etf-jets-7
|
nan
|
nan
|
Looking for broad exposure to the Industrials - Transportation/Shipping segment of the equity market? You should consider the U.S. Global Jets ETF (JETS), a passively managed exchange traded fund launched on 04/30/2015.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Transportation/Shipping is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 8, placing it in top 50%.
Index Details
The fund is sponsored by U.S. Global Investors. It has amassed assets over $1.76 billion, making it one of the largest ETFs attempting to match the performance of the Industrials - Transportation/Shipping segment of the equity market. JETS seeks to match the performance of the U.S. Global Jets Index before fees and expenses.
The U.S. Global Jets Index tracks the performance of Airline Companies across the globe with an emphasis on domestic passenger airlines.
Costs
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.60%, making it on par with most peer products in the space.
Sector Exposure and Top Holdings
It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, Southwest Airls Co (LUV) accounts for about 11.46% of total assets, followed by American Airls Group Inc (AAL) and Delta Air Lines Inc Del (DAL).
The top 10 holdings account for about 63.27% of total assets under management.
Performance and Risk
So far this year, JETS return is roughly 5.27%, and is down about -15.63% in the last one year (as of 05/03/2023). During this past 52-week period, the fund has traded between $15.01 and $21.73.
The ETF has a beta of 1.38 and standard deviation of 40.05% for the trailing three-year period, making it a high risk choice in the space. With about 47 holdings, it has more concentrated exposure than peers.
Alternatives
U.S. Global Jets ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, JETS is a reasonable option for those seeking exposure to the Industrials ETFs area of the market. Investors might also want to consider some other ETF options in the space.
SPDR S&P Transportation ETF (XTN) tracks S&P Transportation Select Industry Index and the iShares U.S. Transportation ETF (IYT) tracks Dow Jones Transportation Average Index. SPDR S&P Transportation ETF has $222.45 million in assets, iShares U.S. Transportation ETF has $800.10 million. XTN has an expense ratio of 0.35% and IYT charges 0.39%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it 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
U.S. Global Jets ETF (JETS): ETF Research Reports
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
iShares U.S. Transportation ETF (IYT): ETF Research Reports
SPDR S&P Transportation ETF (XTN): ETF Research Reports
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.
|
Looking at individual holdings, Southwest Airls Co (LUV) accounts for about 11.46% of total assets, followed by American Airls Group Inc (AAL) and Delta Air Lines Inc Del (DAL). Global Jets ETF (JETS): ETF Research Reports Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report iShares U.S. Transportation ETF (IYT): ETF Research Reports SPDR S&P Transportation ETF (XTN): ETF Research Reports To read this article on Zacks.com click here. It has amassed assets over $1.76 billion, making it one of the largest ETFs attempting to match the performance of the Industrials - Transportation/Shipping segment of the equity market.
|
Looking at individual holdings, Southwest Airls Co (LUV) accounts for about 11.46% of total assets, followed by American Airls Group Inc (AAL) and Delta Air Lines Inc Del (DAL). Global Jets ETF (JETS): ETF Research Reports Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report iShares U.S. Transportation ETF (IYT): ETF Research Reports SPDR S&P Transportation ETF (XTN): ETF Research Reports To read this article on Zacks.com click here. SPDR S&P Transportation ETF (XTN) tracks S&P Transportation Select Industry Index and the iShares U.S. Transportation ETF (IYT) tracks Dow Jones Transportation Average Index.
|
Global Jets ETF (JETS): ETF Research Reports Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report iShares U.S. Transportation ETF (IYT): ETF Research Reports SPDR S&P Transportation ETF (XTN): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Southwest Airls Co (LUV) accounts for about 11.46% of total assets, followed by American Airls Group Inc (AAL) and Delta Air Lines Inc Del (DAL). Global Jets ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors.
|
Global Jets ETF (JETS): ETF Research Reports Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report iShares U.S. Transportation ETF (IYT): ETF Research Reports SPDR S&P Transportation ETF (XTN): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Southwest Airls Co (LUV) accounts for about 11.46% of total assets, followed by American Airls Group Inc (AAL) and Delta Air Lines Inc Del (DAL). Global Jets Index before fees and expenses.
|
7b32f2b5-2733-4635-ba5a-971933db462b
|
2619.0
|
2023-05-01 00:00:00 UTC
|
American Airlines pilots authorize a strike mandate
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-pilots-authorize-a-strike-mandate
|
nan
|
nan
|
By Allison Lampert
May 1 (Reuters) - North American pilots took fresh steps on Monday to make workforce gains, with American Airlines Group Inc AAL.O pilots backing a strike mandate and Air Canada AC.TO pilots supporting a merger with a larger union.
American Airlines pilots approved the mandate ahead of the busy summer travel season to further pressure the Texas-based carrier for a contract, although the chances of them actually walking off the job remain slim.
The Allied Pilots Association (APA), which represents 15,000 American Airlines pilots, held a strike authorization vote in April, even as the two sides closed in on an agreement in principle.
More than 96% of APA membership voted and over 99% voted in favor of authorizing a strike, the union said in a statement.
"We remain confident that an agreement for our pilots is within reach and can be finalized quickly. The finish line is in sight," American Airlines said in a statement.
Separately, members of the estimated 4,500 pilots for Canada’s largest carrier voted to support a March agreement to merge with the Air Line Pilots Association (ALPA), two sources familiar with the Monday results told Reuters.
The Air Canada Pilots Association (ACPA) was not immediately available for comment.
A merger with ALPA, the world’s largest pilots union with more than 60,000 members, is seen as beneficial, in part, for providing additional bargaining resources. Air Canada pilots are not currently in negotiations.
ALPA's board would need to approve the merger later in May. American Airlines pilots are also considering a merger with ALPA, with discussion to be raised in early June, an Allied spokesperson said.
North American pilots are pressing for better salaries and working conditions as carriers struggle to staff up to meet soaring travel demand after COVID-19. But some airline executives warn hefty raises will inflate fixed costs and make it tougher to repair debt-laden balance sheets.
Canada’s second largest carrier WestJet Airlines, which announced it completed its acquisition of leisure carrier Sunwing Airlines on Monday, is facing bargaining pressure from its pilots who have authorized strike action as early as May 16.
By contrast, it would be hard for American Airlines pilots to walk off the job because of a complex labor process in the U.S. that makes it difficult for airline workers to strike.
In March, Delta Air Lines DAL.N pilots ratified a new contract that includes $7 billion in cumulative increases in pay and benefits over four years.
American's chief executive has said the carrier is prepared to match the pay rates and profit-sharing formula that rival Delta provided in its new contract.
(Reporting By Allison Lampert in Montreal and Priyamvada C in Bengaluru; Editing by Subhranshu Sahu and Josie Kao)
((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters Messaging: allison.lampert.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.
|
By Allison Lampert May 1 (Reuters) - North American pilots took fresh steps on Monday to make workforce gains, with American Airlines Group Inc AAL.O pilots backing a strike mandate and Air Canada AC.TO pilots supporting a merger with a larger union. American Airlines pilots approved the mandate ahead of the busy summer travel season to further pressure the Texas-based carrier for a contract, although the chances of them actually walking off the job remain slim. North American pilots are pressing for better salaries and working conditions as carriers struggle to staff up to meet soaring travel demand after COVID-19.
|
By Allison Lampert May 1 (Reuters) - North American pilots took fresh steps on Monday to make workforce gains, with American Airlines Group Inc AAL.O pilots backing a strike mandate and Air Canada AC.TO pilots supporting a merger with a larger union. The Allied Pilots Association (APA), which represents 15,000 American Airlines pilots, held a strike authorization vote in April, even as the two sides closed in on an agreement in principle. Separately, members of the estimated 4,500 pilots for Canada’s largest carrier voted to support a March agreement to merge with the Air Line Pilots Association (ALPA), two sources familiar with the Monday results told Reuters.
|
By Allison Lampert May 1 (Reuters) - North American pilots took fresh steps on Monday to make workforce gains, with American Airlines Group Inc AAL.O pilots backing a strike mandate and Air Canada AC.TO pilots supporting a merger with a larger union. The Allied Pilots Association (APA), which represents 15,000 American Airlines pilots, held a strike authorization vote in April, even as the two sides closed in on an agreement in principle. Separately, members of the estimated 4,500 pilots for Canada’s largest carrier voted to support a March agreement to merge with the Air Line Pilots Association (ALPA), two sources familiar with the Monday results told Reuters.
|
By Allison Lampert May 1 (Reuters) - North American pilots took fresh steps on Monday to make workforce gains, with American Airlines Group Inc AAL.O pilots backing a strike mandate and Air Canada AC.TO pilots supporting a merger with a larger union. More than 96% of APA membership voted and over 99% voted in favor of authorizing a strike, the union said in a statement. Separately, members of the estimated 4,500 pilots for Canada’s largest carrier voted to support a March agreement to merge with the Air Line Pilots Association (ALPA), two sources familiar with the Monday results told Reuters.
|
88573fc8-564d-485f-bbbf-dd4cfcfb8fef
|
2620.0
|
2023-05-01 00:00:00 UTC
|
Unusual Call Option Trade in American Airlines Group (AAL) Worth $147.85K
|
AAL
|
https://www.nasdaq.com/articles/unusual-call-option-trade-in-american-airlines-group-aal-worth-%24147.85k
|
nan
|
nan
|
On May 1, 2023 at 12:47:47 ET an unusually large $147.85K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 137 day(s) (on September 15, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.17 sigmas above the mean, placing it in the 87.09th percentile of all recent large trades made in AAL options.
This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 998 funds or institutions reporting positions in American Airlines Group. This is an increase of 5 owner(s) or 0.50% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 1.34%. Total shares owned by institutions decreased in the last three months by 3.45% to 396,775K shares.
The put/call ratio of AAL is 2.66, indicating a bearish outlook.
Analyst Price Forecast Suggests 26.12% Upside
As of April 24, 2023, the average one-year price target for American Airlines Group is $17.20. The forecasts range from a low of $9.60 to a high of $27.30. The average price target represents an increase of 26.12% from its latest reported closing price of $13.64.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group is $51,177MM, a decrease of 2.07%. The projected annual non-GAAP EPS is $1.52.
What are Other Shareholders Doing?
Invesco Exchange-Traded Fund Trust II - Invesco ESG S&P 500 Equal Weight ETF holds 5K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 4K shares, representing an increase of 22.94%. The firm increased its portfolio allocation in AAL by 20.20% over the last quarter.
Van Eck Associates holds 32K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 32K shares, representing a decrease of 1.85%. The firm decreased its portfolio allocation in AAL by 9.81% over the last quarter.
Texas Permanent School Fund holds 92K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 92K shares, representing an increase of 0.42%. The firm decreased its portfolio allocation in AAL by 99.90% over the last quarter.
MPMCX - BNY Mellon Mid Cap Multi-Strategy Fund Class M Shares holds 39K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 39K shares, representing a decrease of 0.01%. The firm increased its portfolio allocation in AAL by 28.44% over the last quarter.
Siemens Fonds Invest holds 14K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 15K shares, representing a decrease of 6.20%. The firm decreased its portfolio allocation in AAL by 13.07% over the last quarter.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
See all American Airlines Group regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On May 1, 2023 at 12:47:47 ET an unusually large $147.85K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 137 day(s) (on September 15, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.17 sigmas above the mean, placing it in the 87.09th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 1.34%.
|
On May 1, 2023 at 12:47:47 ET an unusually large $147.85K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 137 day(s) (on September 15, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.17 sigmas above the mean, placing it in the 87.09th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 1.34%.
|
On May 1, 2023 at 12:47:47 ET an unusually large $147.85K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 137 day(s) (on September 15, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.17 sigmas above the mean, placing it in the 87.09th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 1.34%.
|
On May 1, 2023 at 12:47:47 ET an unusually large $147.85K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 137 day(s) (on September 15, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.17 sigmas above the mean, placing it in the 87.09th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 1.34%.
|
d8bccaa3-9f57-4c1b-aaa2-168cc04d0860
|
2621.0
|
2023-05-01 00:00:00 UTC
|
Guru Fundamental Report for AAL
|
AAL
|
https://www.nasdaq.com/articles/guru-fundamental-report-for-aal-5
|
nan
|
nan
|
Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry. The rating using this strategy is 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
UNIVERSE: PASS
NET PAYOUT YIELD: FAIL
QUALITY AND DEBT: PASS
VALUATION: PASS
RELATIVE STRENGTH: PASS
SHAREHOLDER YIELD: FAIL
Detailed Analysis of AMERICAN AIRLINES GROUP INC
AAL Guru Analysis
AAL Fundamental Analysis
More Information on Meb Faber
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, 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.
|
Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap value stock in the Airline industry.
|
Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
|
Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
|
Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
|
1aa697d0-3370-489b-a99e-3e3361136efa
|
2622.0
|
2023-05-01 00:00:00 UTC
|
Unusual Call Option Trade in American Airlines Group (AAL) Worth $155.32K
|
AAL
|
https://www.nasdaq.com/articles/unusual-call-option-trade-in-american-airlines-group-aal-worth-%24155.32k
|
nan
|
nan
|
On May 1, 2023 at 15:25:03 ET an unusually large $155.32K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 18 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.26 sigmas above the mean, placing it in the 88.84th percentile of all recent large trades made in AAL options.
This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 998 funds or institutions reporting positions in American Airlines Group. This is an increase of 5 owner(s) or 0.50% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 1.34%. Total shares owned by institutions decreased in the last three months by 3.45% to 396,775K shares.
The put/call ratio of AAL is 2.66, indicating a bearish outlook.
Analyst Price Forecast Suggests 26.12% Upside
As of April 24, 2023, the average one-year price target for American Airlines Group is $17.20. The forecasts range from a low of $9.60 to a high of $27.30. The average price target represents an increase of 26.12% from its latest reported closing price of $13.64.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group is $51,177MM, a decrease of 2.07%. The projected annual non-GAAP EPS is $1.52.
What are Other Shareholders Doing?
Asset Management One Co. holds 5K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 4K shares, representing an increase of 14.96%. The firm increased its portfolio allocation in AAL by 27.02% over the last quarter.
SCHB - Schwab U.S. Broad Market ETF holds 345K shares representing 0.05% ownership of the company. In it's prior filing, the firm reported owning 341K shares, representing an increase of 1.22%. The firm increased its portfolio allocation in AAL by 13.13% over the last quarter.
Advisory Services Network holds 6K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Teewinot Capital Advisers, L.L.C. holds 48K shares representing 0.01% ownership of the company. No change in the last quarter.
ITOT - iShares Core S&P Total U.S. Stock Market ETF holds 665K shares representing 0.10% ownership of the company. In it's prior filing, the firm reported owning 702K shares, representing a decrease of 5.67%. The firm decreased its portfolio allocation in AAL by 0.98% over the last quarter.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
See all American Airlines Group regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On May 1, 2023 at 15:25:03 ET an unusually large $155.32K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 18 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.26 sigmas above the mean, placing it in the 88.84th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 1.34%.
|
On May 1, 2023 at 15:25:03 ET an unusually large $155.32K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 18 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.26 sigmas above the mean, placing it in the 88.84th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 1.34%.
|
On May 1, 2023 at 15:25:03 ET an unusually large $155.32K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 18 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.26 sigmas above the mean, placing it in the 88.84th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 1.34%.
|
On May 1, 2023 at 15:25:03 ET an unusually large $155.32K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 18 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.26 sigmas above the mean, placing it in the 88.84th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 1.34%.
|
2747b63f-8589-4a63-b0c2-bd6a7312514e
|
2623.0
|
2023-05-01 00:00:00 UTC
|
American Airlines Pilots Authorize Strike - Quick Facts
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-pilots-authorize-strike-quick-facts
|
nan
|
nan
|
(RTTNews) - The Allied Pilots Association announced that its membership has voted in favor of authorizing a strike. The Allied Pilots Association is an independent pilots union in the United States which represents the 15,000 pilots of American Airlines (AAL). With more than 96 percent of the APA membership participating, more than 99 percent voted in favor of authorizing a strike, the Association stated.
"We will strike if necessary to secure the industry-leading contract that our pilots have earned and deserve - a contract that will position American Airlines for success," said Capt. Ed Sicher, APA President.
The APA members will be conducting informational picketing on Monday at all 10 of the airline's major hubs: Boston, Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The Allied Pilots Association is an independent pilots union in the United States which represents the 15,000 pilots of American Airlines (AAL). (RTTNews) - The Allied Pilots Association announced that its membership has voted in favor of authorizing a strike. "We will strike if necessary to secure the industry-leading contract that our pilots have earned and deserve - a contract that will position American Airlines for success," said Capt.
|
The Allied Pilots Association is an independent pilots union in the United States which represents the 15,000 pilots of American Airlines (AAL). (RTTNews) - The Allied Pilots Association announced that its membership has voted in favor of authorizing a strike. With more than 96 percent of the APA membership participating, more than 99 percent voted in favor of authorizing a strike, the Association stated.
|
The Allied Pilots Association is an independent pilots union in the United States which represents the 15,000 pilots of American Airlines (AAL). (RTTNews) - The Allied Pilots Association announced that its membership has voted in favor of authorizing a strike. With more than 96 percent of the APA membership participating, more than 99 percent voted in favor of authorizing a strike, the Association stated.
|
The Allied Pilots Association is an independent pilots union in the United States which represents the 15,000 pilots of American Airlines (AAL). (RTTNews) - The Allied Pilots Association announced that its membership has voted in favor of authorizing a strike. Ed Sicher, APA President.
|
4d090b97-7483-47d0-a27a-ea1a444b809e
|
2624.0
|
2023-05-01 00:00:00 UTC
|
Airline Stock Roundup: Q1 Earnings Reports of AAL, LUV, ALK & Others
|
AAL
|
https://www.nasdaq.com/articles/airline-stock-roundup%3A-q1-earnings-reports-of-aal-luv-alk-others
|
nan
|
nan
|
In the past week, sector heavyweights like American Airlines AAL, Southwest Airlines LUV, JetBlue Airways JBLU and Alaska Air Group ALK reported earnings for first-quarter 2023. Even though robust air-travel demand boosted the top lines of these airline operators, high fuel costs limited bottom-line growth.
First-quarter earnings-related updates were discussed in the previous write-up as well.
Recap of the Latest Top Stories
1 American Airlines’ first-quarter 2023 earnings (excluding 3 cents from non-recurring items) of 5 cents per share surpassed the Zacks Consensus Estimate by a penny despite higher costs. In the year-ago quarter, AAL, currently carrying a Zacks Rank #2 (Buy), incurred a loss of $2.32 per share when air-travel demand was not as buoyant as in the present scenario. Operating revenues of $12,189 million increased 37% year over year, reflecting upbeat air-travel demand.
AAL expects system capacity for the June-end quarter to increase 3.5-5.5% from the figure reported in second-quarter 2022. AAL expects June-end quarter's earnings per share (excluding net special items) to be $1.20-$1.40.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
2. Southwest Airlines reported first-quarter 2023 loss of 27 cents per share, wider than the Zacks Consensus Estimate of a loss of 21 cents. In the year-ago reported quarter, LUV had reported a loss of 32 cents per share. LUV had to bear the first quarter of 2023 loss due to the unfavorable financial impacts of almost $380 million pre-tax, or $294 million after-tax, related to the December 2022 operational disruption. Revenues of $5,706 million lagged the Zacks Consensus Estimate of $5,741.4 million but improved 21.6% year over year. For 2023, LUV now expects capacity to improve 14-15% (prior view: up 15-16%) from the 2022 level.
3. Alaska Air Group reported first-quarter 2023 loss of 62 cents per share, wider than the Zacks Consensus Estimate of a loss of 48 cents. In the year-ago quarter, ALK incurred a loss of $1.33 per share. Operating revenues of $2,196 million missed the Zacks Consensus Estimate of $2,202.5 million. The top line jumped 31% year over year, with passenger revenues accounting for 90.3% of the top line and increasing 31% owing to continued recovery in air-travel demand. For the second quarter of 2023, Alaska Air expects capacity to improve 6-9% from the year-ago reported figure.
4. JetBlue Airways’ first-quarter 2023 loss (excluding 24 cents from non-recurring items) of 34 cents per share was narrower than the Zacks Consensus Estimate of a loss of 38 cents. In the year-ago quarter, JBLU incurred a loss of 80 cents per share.
Operating revenues of $2,328 million climbed 34.1% year over year and beat the Zacks Consensus Estimate of $2,322.5 million. Total revenues for 2023 are forecast to increase year over year in the high single-digit to low double-digit range. Management expects 2023 earnings per share to be between 70 cents and $1.00.
5. Spirit Airlines’ SAVE first-quarter 2023 loss (excluding 13 cents from non-recurring items) of 82 cents per share was narrower than the Zacks Consensus Estimate of a loss of 89 cents. In the year-ago quarter, SAVE posted a loss of $1.60. Revenues of $1,349.8 million missed the Zacks Consensus Estimate of $1,353.5 million. However, the top line improved 39.5% year over year on the back of increased flight volume and higher operating yields.
Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
Image Source: Zacks Investment Research
The table above shows that most airline stocks exhibited a mixed trend with respect to price over the last five trading days. The NYSE ARCA Airline Index increased marginally to $59.64. Over the course of the past six months, the NYSE ARCA Airline Index inched up 1%.
What's Next in the Airline Space?
Stay tuned for first-quarter 2023 earnings reports of various other airlines.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
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
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE) : 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.
|
In the year-ago quarter, AAL, currently carrying a Zacks Rank #2 (Buy), incurred a loss of $2.32 per share when air-travel demand was not as buoyant as in the present scenario. In the past week, sector heavyweights like American Airlines AAL, Southwest Airlines LUV, JetBlue Airways JBLU and Alaska Air Group ALK reported earnings for first-quarter 2023. AAL expects system capacity for the June-end quarter to increase 3.5-5.5% from the figure reported in second-quarter 2022.
|
In the past week, sector heavyweights like American Airlines AAL, Southwest Airlines LUV, JetBlue Airways JBLU and Alaska Air Group ALK reported earnings for first-quarter 2023. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report To read this article on Zacks.com click here. In the year-ago quarter, AAL, currently carrying a Zacks Rank #2 (Buy), incurred a loss of $2.32 per share when air-travel demand was not as buoyant as in the present scenario.
|
Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report To read this article on Zacks.com click here. In the past week, sector heavyweights like American Airlines AAL, Southwest Airlines LUV, JetBlue Airways JBLU and Alaska Air Group ALK reported earnings for first-quarter 2023. In the year-ago quarter, AAL, currently carrying a Zacks Rank #2 (Buy), incurred a loss of $2.32 per share when air-travel demand was not as buoyant as in the present scenario.
|
In the past week, sector heavyweights like American Airlines AAL, Southwest Airlines LUV, JetBlue Airways JBLU and Alaska Air Group ALK reported earnings for first-quarter 2023. In the year-ago quarter, AAL, currently carrying a Zacks Rank #2 (Buy), incurred a loss of $2.32 per share when air-travel demand was not as buoyant as in the present scenario. AAL expects system capacity for the June-end quarter to increase 3.5-5.5% from the figure reported in second-quarter 2022.
|
d8a13602-bfea-4245-ac43-08dbc8cf27ab
|
2625.0
|
2023-05-01 00:00:00 UTC
|
American Airlines pilots vote to authorize strike
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-pilots-vote-to-authorize-strike
|
nan
|
nan
|
May 1 (Reuters) - A union representing American Airlines Group Inc AAL.O pilots said on Monday its members had approved a strike mandate ahead of the busy summer travel season, although the chances of an actual labor disruption remain slim.
The Allied Pilots Association (APA), which represents 15,000 American Airlines pilots, held a strike authorization vote in April to put pressure on the Texas-based carrier for higher salary and better working conditions, even as the two sides closed in on an agreement in principle.
More than 96% of the APA membership participated in the vote and over 99% voted in favor of authorizing a strike, the union said in a statement.
"We remain confident that an agreement for our pilots is within reach and can be finalized quickly. The finish line is in sight," American Airlines said in a statement.
The airline's pilots received their last pay increase in 2019.
Despite the vote, it would be hard for pilots to walk off their jobs because of a complex labor process in the United States that makes it difficult for airline workers to strike.
In March, Delta Air Lines DAL.N pilots ratified a new contract that includes $7 billion in cumulative increases in pay and benefits over four years.
American's chief executive has said the carrier is prepared to match the pay rates and profit-sharing formula that rival Delta provided in its new contract.
Some airline executives are concerned that hefty pilot pay raises will inflate fixed costs and make it tougher to repair debt-laden balance sheets.
APA on Monday said its members will conduct informational picketing from 11 a.m. to 1 p.m. local time at all ten of the airline's major hubs including Boston (BOS) and Los Angeles (LAX).
(Reporting By Allison Lampert in Montreal and Priyamvada C in Bengaluru; Editing by Subhranshu Sahu)
((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters Messaging: allison.lampert.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.
|
May 1 (Reuters) - A union representing American Airlines Group Inc AAL.O pilots said on Monday its members had approved a strike mandate ahead of the busy summer travel season, although the chances of an actual labor disruption remain slim. Some airline executives are concerned that hefty pilot pay raises will inflate fixed costs and make it tougher to repair debt-laden balance sheets. APA on Monday said its members will conduct informational picketing from 11 a.m. to 1 p.m. local time at all ten of the airline's major hubs including Boston (BOS) and Los Angeles (LAX).
|
May 1 (Reuters) - A union representing American Airlines Group Inc AAL.O pilots said on Monday its members had approved a strike mandate ahead of the busy summer travel season, although the chances of an actual labor disruption remain slim. The Allied Pilots Association (APA), which represents 15,000 American Airlines pilots, held a strike authorization vote in April to put pressure on the Texas-based carrier for higher salary and better working conditions, even as the two sides closed in on an agreement in principle. In March, Delta Air Lines DAL.N pilots ratified a new contract that includes $7 billion in cumulative increases in pay and benefits over four years.
|
May 1 (Reuters) - A union representing American Airlines Group Inc AAL.O pilots said on Monday its members had approved a strike mandate ahead of the busy summer travel season, although the chances of an actual labor disruption remain slim. The Allied Pilots Association (APA), which represents 15,000 American Airlines pilots, held a strike authorization vote in April to put pressure on the Texas-based carrier for higher salary and better working conditions, even as the two sides closed in on an agreement in principle. Despite the vote, it would be hard for pilots to walk off their jobs because of a complex labor process in the United States that makes it difficult for airline workers to strike.
|
May 1 (Reuters) - A union representing American Airlines Group Inc AAL.O pilots said on Monday its members had approved a strike mandate ahead of the busy summer travel season, although the chances of an actual labor disruption remain slim. More than 96% of the APA membership participated in the vote and over 99% voted in favor of authorizing a strike, the union said in a statement. In March, Delta Air Lines DAL.N pilots ratified a new contract that includes $7 billion in cumulative increases in pay and benefits over four years.
|
5182709d-d3c1-4de6-8dcb-19fead214662
|
2626.0
|
2023-05-01 00:00:00 UTC
|
Forget Mixed Airlines Earnings: Play JETS ETF on Upbeat Outlook
|
AAL
|
https://www.nasdaq.com/articles/forget-mixed-airlines-earnings%3A-play-jets-etf-on-upbeat-outlook
|
nan
|
nan
|
The U.S. airline industry demonstrated a mixed-to-downbeat performance in the first quarter of 2023, with three out of six major carriers missing estimates on both counts, one coming up with mixed result and the rest two beating on both lines.
Despite recovering demand, some challenges remain, such as the increasing fuel costs and chances of slow growth in business travel. Higher rates and global economic slowdown are other concerns. However, due to the ebbing pandemic, easing of travel restrictions and pent-up demand in the leisure sector, most carries have come up with upbeat outlook. Capacity growth is expected ahead.
Investors should keep a close eye on the industry as it continues to navigate the post-pandemic landscape. Notably, most U.S. airlines have a Zacks Rank #1 (Strong Buy) or #2 (Buy). Pure-play airlines ETF U.S. Global Jets ETF (JETS) was down about 2% during the earnings reporting of those key U.S. airlines (as of Apr 27, 2023).
Delta Misses Overall, Upbeat Guidance
On Apr 13, Delta Air Lines DAL initiated the first-quarter 2023 earnings season for the airline space. This Atlanta-based carrier reported lower-than-expected earnings per share and revenues. However, investors were impressed by the upbeat outlook for second-quarter 2023.
Delta’s first-quarter 2023 earnings (excluding 82 cents from non-recurring items) of 25 cents per share missed the Zacks Consensus Estimate of 29 cents. Volatile fuel price and unfavorable weather conditions led to this downtick. Revenues of $12,759 million missed the Zacks Consensus Estimate of $12,767.4 million. Driven by higher air-travel demand, total revenues increased 36.49% on a year-over-year basis.
For second-quarter 2023, DAL, expects capacity to increase 17% from second-quarter 2022 actuals. Backed by strong booking trends for summer, the company expects June quarter revenues (adjusted) to increase in the 15-17% band from second-quarter 2022 actuals.
United Airlines Beats Overall
Meanwhile, United Airlines UAL United Airlines incurred first-quarter 2023 loss (excluding 4 cents from non-recurring items) of 63 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 73 cents. In the year-ago quarter, UAL had incurred a loss of $4.24 per share when air-travel demand was not as buoyant as in the current scenario. Operating revenues of $11,429 million beat the Zacks Consensus Estimate of $11,420.9 million. UAL’s revenues increased 51.1% year over year owing to upbeat air-travel demand.
For the second quarter of 2023, United Airlines expects capacity to improve 18.5% from the year-ago reported figure. Revenues for the June quarter are anticipated to grow 14-16% year over year. Riding on upbeat air-travel demand, UAL expects to be profitable in second-quarter 2023. For 2023, Capacity is anticipated to grow in the high teens versus 2022 actuals.
Alaska Airlines Misses Overall
Alaska Air Group, Inc. ALK reported first-quarter 2023 loss of 62 cents per share, wider than the Zacks Consensus Estimate of a loss of 48 cents. In the year-ago quarter, ALK incurred a loss of $1.33 per share. Operating revenues of $ 2,196 million missed the Zacks Consensus Estimate of $2,202.5 million. The top line jumped 31% year over year. For the second quarter of 2023, Alaska Air expects capacity to improve by 6-9% from the year-ago reported figure. Total revenues are anticipated to grow 2.5-5.5% year over year.
JetBlue Beats Overall
JetBlue Airways’ JBLU first-quarter 2023 loss (excluding 24 cents from non-recurring items) of 34 cents per share was narrower than the Zacks Consensus Estimate of a loss of 38 cents. In the year-ago quarter, JBLU incurred a loss of 80 cents per share. Operating revenues of $2,328 million climbed 34.1% year over year and beat the Zacks Consensus Estimate of $2,322.5 million. The double-digit year-over-year jump reflected improving air-travel demand.
For second-quarter 2023, capacity is anticipated to increase in the 4.5-7.5% range. For full-year 2023, capacity is expected to increase in the band of 5.5-8.5%. Total revenues for 2023 are forecast to increase year over year in the high single-digit to low double-digit range. Management expects 2023 earnings per share to be between 70 cents and $1.00. The Zacks Consensus Estimate was pegged at 54 cents.
American Airlines Reports Mixed Q1 Results
American Airlines’ AAL first-quarter 2023 earnings (excluding 3 cents from non-recurring items) of 5 cents per share surpassed the Zacks Consensus Estimate by a penny despite higher costs. In the year-ago quarter, AAL incurred a loss of $2.32 per share. Operating revenues of $12,189 million increased 37% year over year, reflecting upbeat air-travel demand. However, the top line missed the Zacks Consensus Estimate of $12,198.9 million.
AAL expects system capacity for the June-end quarter to increase 3.5-5.5%. AAL expects the June-end quarter's earnings per share (excluding net special items) to be $1.20-$1.40. The Zacks Consensus Estimate was pegged at 97 cents. AAL expects 2023 adjusted earnings per share between $2.50 and $3.50. The Zacks Consensus Estimate was pegged at $2.62 (below the mid-point of the guided range).
Southwest Airlines Misses Overall
Southwest Airlines Co. LUV reported first-quarter 2023 loss of 27 cents per share, wider than the Zacks Consensus Estimate of a loss of 21 cents. In the year-ago reported quarter, LUV had reported a loss of 32 cents per share. Revenues of $5,706 million lagged the Zacks Consensus Estimate of $5,741.4 million but improved 21.6% year over year.
For 2023, Southwest now expects capacity to improve 14-15% (prior view: up 15-16%) from the 2022 level. Capital expenditures are now anticipated to be $3.5 billion (prior view: $4 billion) for 2023.
Buy Airlines ETF JETS
The underlying U.S. Global Jets Index tracks the performance of Airline Companies across the globe with an emphasis on domestic passenger airlines. Half of the fund is owned by the afore-mentioned stocks. The fund charges 60 bps in fees.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it 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
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : 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.
|
American Airlines Reports Mixed Q1 Results American Airlines’ AAL first-quarter 2023 earnings (excluding 3 cents from non-recurring items) of 5 cents per share surpassed the Zacks Consensus Estimate by a penny despite higher costs. In the year-ago quarter, AAL incurred a loss of $2.32 per share. AAL expects system capacity for the June-end quarter to increase 3.5-5.5%.
|
American Airlines Reports Mixed Q1 Results American Airlines’ AAL first-quarter 2023 earnings (excluding 3 cents from non-recurring items) of 5 cents per share surpassed the Zacks Consensus Estimate by a penny despite higher costs. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. In the year-ago quarter, AAL incurred a loss of $2.32 per share.
|
Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Reports Mixed Q1 Results American Airlines’ AAL first-quarter 2023 earnings (excluding 3 cents from non-recurring items) of 5 cents per share surpassed the Zacks Consensus Estimate by a penny despite higher costs. In the year-ago quarter, AAL incurred a loss of $2.32 per share.
|
American Airlines Reports Mixed Q1 Results American Airlines’ AAL first-quarter 2023 earnings (excluding 3 cents from non-recurring items) of 5 cents per share surpassed the Zacks Consensus Estimate by a penny despite higher costs. In the year-ago quarter, AAL incurred a loss of $2.32 per share. AAL expects system capacity for the June-end quarter to increase 3.5-5.5%.
|
12c0c27a-dc47-49f1-bf5f-1dd20f6e292e
|
2627.0
|
2023-04-28 00:00:00 UTC
|
S&P 500, Dow Eke Out Monthly Wins Amid Earnings Barrage
|
AAL
|
https://www.nasdaq.com/articles/sp-500-dow-eke-out-monthly-wins-amid-earnings-barrage
|
nan
|
nan
|
Earnings season remained in full swing, with Big Tech stealing the show. Ahead of the deluge of reports, Wall Street traded within a tight range. Embattled regional bank First Republic Bank (FRC) reported a 40% drop in deposits, which dragged the broader market as recession fears reignited. By midweek, investors were pondering how the Federal Reserve would respond, while oil prices shifted lower for the month. Friday brought an onslaught of negative reports, sending stocks to struggle for direction most of the morning and the Cboe Volatility Index (VIX) to its lowest mark since November 2021. As of this writing, stocks have managed to swim toward afternoon gains.
For both the day and week, the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are all headed toward healthy advances. The blue-chip index is slated for its highest close since mid-February. For April, The Dow and SPX are eyeing wins, while the strenuous performance in tech is sending the Nasdaq toward a monthly loss.
This Week's Earnings of Note
As previously mentioned, it was a stellar week in the earnings confessional. While FRC deposit blunder weighed on the broader market, the regional bank managed to turn in quarterly earnings and revenue that beat expectations. Dow component 3M (MMM) also reported better-than-expected quarterly results, as did Facebook parent Meta Platforms (META).
Restaurant chain concern Chipotle Mexican Grille (CMG) snagged record highs and earned a slew of bull notes after reporting top- and bottom-line beats. American Airlines (AAL) and Southwest Airlines (LUV) moved in opposite directions after their respective reports. Lastly, Activision Blizzard (ATVI) scored a first-quarter earnings win, but news that U.K. regulators are blocking Microsoft's (MSFT) $69 billion acquisition of the video game publisher outweighed the strong results.
Intriguing Entry Points, Strategy to Use
Aluminum stock Alcoa (AA) sports a bearish technical setup on the charts, and could move lower soon. The same could be said of Walt Disney (DIS), which just came within one standard deviation of its historically bearish 60-day moving average. Plus, how call traders doubled their money with our PulteGroup (PHM) call recommendation, and what to do in a highly volatile environment.
Investors Look Ahead to Fed's Big Rate Decision
Next week features even more big-name earnings reports, but the Federal Reserve's latest interest rate decision will likely be at the front of investors' minds. In the meantime, read about the bearish seasonality ahead, per Schaeffer's Senior Quantitative Analyst Rocky White, as well as a why Schaeffer's Senior V.P. of Research Todd Salamone thinks bears are still in control.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines (AAL) and Southwest Airlines (LUV) moved in opposite directions after their respective reports. Friday brought an onslaught of negative reports, sending stocks to struggle for direction most of the morning and the Cboe Volatility Index (VIX) to its lowest mark since November 2021. Restaurant chain concern Chipotle Mexican Grille (CMG) snagged record highs and earned a slew of bull notes after reporting top- and bottom-line beats.
|
American Airlines (AAL) and Southwest Airlines (LUV) moved in opposite directions after their respective reports. Embattled regional bank First Republic Bank (FRC) reported a 40% drop in deposits, which dragged the broader market as recession fears reignited. While FRC deposit blunder weighed on the broader market, the regional bank managed to turn in quarterly earnings and revenue that beat expectations.
|
American Airlines (AAL) and Southwest Airlines (LUV) moved in opposite directions after their respective reports. Friday brought an onslaught of negative reports, sending stocks to struggle for direction most of the morning and the Cboe Volatility Index (VIX) to its lowest mark since November 2021. Restaurant chain concern Chipotle Mexican Grille (CMG) snagged record highs and earned a slew of bull notes after reporting top- and bottom-line beats.
|
American Airlines (AAL) and Southwest Airlines (LUV) moved in opposite directions after their respective reports. For both the day and week, the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are all headed toward healthy advances. This Week's Earnings of Note As previously mentioned, it was a stellar week in the earnings confessional.
|
31778652-545c-4826-9a96-3b1251b7236e
|
2628.0
|
2023-04-28 00:00:00 UTC
|
Morgan Stanley Maintains American Airlines Group (AAL) Equal-Weight Recommendation
|
AAL
|
https://www.nasdaq.com/articles/morgan-stanley-maintains-american-airlines-group-aal-equal-weight-recommendation
|
nan
|
nan
|
Fintel reports that on April 28, 2023, Morgan Stanley maintained coverage of American Airlines Group (NASDAQ:AAL) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 33.56% Upside
As of April 24, 2023, the average one-year price target for American Airlines Group is 17.20. The forecasts range from a low of 9.60 to a high of $27.30. The average price target represents an increase of 33.56% from its latest reported closing price of 12.88.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group is 51,177MM, a decrease of 2.07%. The projected annual non-GAAP EPS is 1.52.
What is the Fund Sentiment?
There are 996 funds or institutions reporting positions in American Airlines Group. This is a decrease of 1 owner(s) or 0.10% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 2.03%. Total shares owned by institutions decreased in the last three months by 3.43% to 396,849K shares.
The put/call ratio of AAL is 2.69, indicating a bearish outlook.
What are Other Shareholders Doing?
Primecap Management holds 38,099K shares representing 5.84% ownership of the company. In it's prior filing, the firm reported owning 38,955K shares, representing a decrease of 2.25%. The firm decreased its portfolio allocation in AAL by 2.24% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 19,733K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 19,454K shares, representing an increase of 1.42%. The firm decreased its portfolio allocation in AAL by 1.03% over the last quarter.
VPMCX - Vanguard PRIMECAP Fund Investor Shares holds 19,365K shares representing 2.97% ownership of the company. In it's prior filing, the firm reported owning 19,400K shares, representing a decrease of 0.18%. The firm decreased its portfolio allocation in AAL by 1.88% over the last quarter.
U S Global Investors holds 16,743K shares representing 2.56% ownership of the company. In it's prior filing, the firm reported owning 16,590K shares, representing an increase of 0.91%. The firm increased its portfolio allocation in AAL by 2.60% over the last quarter.
JETS - U.S. Global Jets ETF holds 16,712K shares representing 2.56% ownership of the company. In it's prior filing, the firm reported owning 16,590K shares, representing an increase of 0.73%. The firm increased its portfolio allocation in AAL by 2.02% over the last quarter.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
See all American Airlines Group regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on April 28, 2023, Morgan Stanley maintained coverage of American Airlines Group (NASDAQ:AAL) with a Equal-Weight recommendation. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 2.03%. The put/call ratio of AAL is 2.69, indicating a bearish outlook.
|
Fintel reports that on April 28, 2023, Morgan Stanley maintained coverage of American Airlines Group (NASDAQ:AAL) with a Equal-Weight recommendation. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 2.03%. The put/call ratio of AAL is 2.69, indicating a bearish outlook.
|
Fintel reports that on April 28, 2023, Morgan Stanley maintained coverage of American Airlines Group (NASDAQ:AAL) with a Equal-Weight recommendation. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 2.03%. The put/call ratio of AAL is 2.69, indicating a bearish outlook.
|
Fintel reports that on April 28, 2023, Morgan Stanley maintained coverage of American Airlines Group (NASDAQ:AAL) with a Equal-Weight recommendation. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 2.03%. The put/call ratio of AAL is 2.69, indicating a bearish outlook.
|
c519ec02-9994-4b6c-9280-7385d3da683f
|
2629.0
|
2023-04-28 00:00:00 UTC
|
Diamond sales at Botswana's Debswana drop marginally in cautious market
|
AAL
|
https://www.nasdaq.com/articles/diamond-sales-at-botswanas-debswana-drop-marginally-in-cautious-market
|
nan
|
nan
|
GABORONE, April 28 (Reuters) - Rough diamond sales by Debswana Diamond Co dropped slightly in the first three months of the year, data released by the Bank of Botswana showed on Friday, as the market was more cautious about the current uncertain global macroeconomic outlook.
Debswana, a joint venture between Anglo American Plc AAL.L unit De Beers and Botswana's government, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Co.
Sales of diamonds from Debswana fell 1.4% and stood at $1.077 billion in the three months to March, compared with $1.092 billion in the same period last year.
In pula terms, the rough sales however recorded a 10.1% jump to 14.005 billion pula, pointing to the effects of a stronger dollar during the period.
De Beers and Botswana are currently renegotiating their mining rights and sales agreements, with President Mokgweetsi Masisi saying his government was looking to get more rough diamonds for trading outside the De Beers system.
Debswana accounts for almost all diamonds produced in Botswana, with Lucara Diamond Corp's LUC.TO Karowe mine being the only other operating diamond mine in the country.
Botswana gets about 30% of its revenues and 70% of its foreign exchange earnings from diamonds.
(Reporting by Brian Benza; Editing by Bhargav Acharya and Jonathan Oatis)
((Bhargav.Acharya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Debswana, a joint venture between Anglo American Plc AAL.L unit De Beers and Botswana's government, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Co. GABORONE, April 28 (Reuters) - Rough diamond sales by Debswana Diamond Co dropped slightly in the first three months of the year, data released by the Bank of Botswana showed on Friday, as the market was more cautious about the current uncertain global macroeconomic outlook. De Beers and Botswana are currently renegotiating their mining rights and sales agreements, with President Mokgweetsi Masisi saying his government was looking to get more rough diamonds for trading outside the De Beers system.
|
Debswana, a joint venture between Anglo American Plc AAL.L unit De Beers and Botswana's government, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Co. GABORONE, April 28 (Reuters) - Rough diamond sales by Debswana Diamond Co dropped slightly in the first three months of the year, data released by the Bank of Botswana showed on Friday, as the market was more cautious about the current uncertain global macroeconomic outlook. De Beers and Botswana are currently renegotiating their mining rights and sales agreements, with President Mokgweetsi Masisi saying his government was looking to get more rough diamonds for trading outside the De Beers system.
|
Debswana, a joint venture between Anglo American Plc AAL.L unit De Beers and Botswana's government, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Co. GABORONE, April 28 (Reuters) - Rough diamond sales by Debswana Diamond Co dropped slightly in the first three months of the year, data released by the Bank of Botswana showed on Friday, as the market was more cautious about the current uncertain global macroeconomic outlook. De Beers and Botswana are currently renegotiating their mining rights and sales agreements, with President Mokgweetsi Masisi saying his government was looking to get more rough diamonds for trading outside the De Beers system.
|
Debswana, a joint venture between Anglo American Plc AAL.L unit De Beers and Botswana's government, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Co. Sales of diamonds from Debswana fell 1.4% and stood at $1.077 billion in the three months to March, compared with $1.092 billion in the same period last year. De Beers and Botswana are currently renegotiating their mining rights and sales agreements, with President Mokgweetsi Masisi saying his government was looking to get more rough diamonds for trading outside the De Beers system.
|
c47cffc0-88dd-4310-b6ca-ed1e7a32a6fb
|
2630.0
|
2023-04-27 00:00:00 UTC
|
U.S. carriers see strong profit on resilient travel demand
|
AAL
|
https://www.nasdaq.com/articles/u.s.-carriers-see-strong-profit-on-resilient-travel-demand
|
nan
|
nan
|
By Rajesh Kumar Singh
CHICAGO, April 27 (Reuters) - U.S. carriers expect strong profit in the current quarter as travel demand remains strong despite growing risks of an economic recession.
Southwest Airlines CoLUV.N sees "solid" profit in the June quarter on strong summer bookings.
"While we are mindful of the uncertain economic environment, demand for domestic air travel remains strong, thus far," Southwest's CEO Bob Jordan said.
Rivals Delta Air LinesDAL.N and United AirlinesUAL.O have also offered an upbeat outlook for summer travel.
Rising interest rates, high inflation, mounting job losses and turmoil in the banking industry have fueled concern about the strength of consumer spending, which has allowed carriers to mitigate higher labor and fuel costs.
Some analysts are not sure the travel boom will last long. But airlines say demand remains resilient, with bookings for international trips outpacing those for domestic travel.
American AirlinesAAL.O on Thursday forecast an adjusted profit of $1.20 per share to $1.40 per share for the quarter through June, above analysts' average estimate of $1.04 per share. American plans to ramp up its long-haul international capacity by 82% in the current quarter from a year ago.
"We have a strong demand environment this summer, and we're highly confident that, that will continue going forward," American's CEO Robert Isom told analyst.
Shortages of pilots, air traffic controllers and new planes, however, have limited the industry's ability to fully capitalize on consumer demand.
Southwest trimmed its capacity growth plans due to Boeing's aircraft delivery delays. The Dallas-based airline said it now expects 70 deliveries of the 737-8 jet this year instead of the planned 90 after the U.S. planemaker disclosed a manufacturing issue with some of the workhorse aircraft.
Ultra-low-cost carrier Spirit Airlines SAVE.N on Wednesday said issues related to jet engine availability and pilot attrition are not letting it add more flights.
American Airlines forecasts upbeat second-quarter profit on strong travel demand
Southwest reports wider-than-expected loss, flags fewer deliveries from Boeing
Boeing plans 737 MAX ramp-up, keeps cash-flow goal
Southwest flights resume after brief halt due to technical problem
Delta remains bullish on travel demand, forecasts strong earnings
ANALYSIS-Planemakers talk up 'surge capacity' amid industrial woes
(Reporting by Rajesh Kumar Singh, Editing by Nick Zieminski)
((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.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.
|
American AirlinesAAL.O on Thursday forecast an adjusted profit of $1.20 per share to $1.40 per share for the quarter through June, above analysts' average estimate of $1.04 per share. "While we are mindful of the uncertain economic environment, demand for domestic air travel remains strong, thus far," Southwest's CEO Bob Jordan said. Ultra-low-cost carrier Spirit Airlines SAVE.N on Wednesday said issues related to jet engine availability and pilot attrition are not letting it add more flights.
|
American AirlinesAAL.O on Thursday forecast an adjusted profit of $1.20 per share to $1.40 per share for the quarter through June, above analysts' average estimate of $1.04 per share. By Rajesh Kumar Singh CHICAGO, April 27 (Reuters) - U.S. carriers expect strong profit in the current quarter as travel demand remains strong despite growing risks of an economic recession. "While we are mindful of the uncertain economic environment, demand for domestic air travel remains strong, thus far," Southwest's CEO Bob Jordan said.
|
American AirlinesAAL.O on Thursday forecast an adjusted profit of $1.20 per share to $1.40 per share for the quarter through June, above analysts' average estimate of $1.04 per share. By Rajesh Kumar Singh CHICAGO, April 27 (Reuters) - U.S. carriers expect strong profit in the current quarter as travel demand remains strong despite growing risks of an economic recession. "While we are mindful of the uncertain economic environment, demand for domestic air travel remains strong, thus far," Southwest's CEO Bob Jordan said.
|
American AirlinesAAL.O on Thursday forecast an adjusted profit of $1.20 per share to $1.40 per share for the quarter through June, above analysts' average estimate of $1.04 per share. By Rajesh Kumar Singh CHICAGO, April 27 (Reuters) - U.S. carriers expect strong profit in the current quarter as travel demand remains strong despite growing risks of an economic recession. Southwest Airlines CoLUV.N sees "solid" profit in the June quarter on strong summer bookings.
|
21d7abe6-5729-4d80-8774-323c266864ab
|
2631.0
|
2023-04-27 00:00:00 UTC
|
Notable Thursday Option Activity: CHRW, PXD, AAL
|
AAL
|
https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-chrw-pxd-aal
|
nan
|
nan
|
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in C.H. Robinson Worldwide, Inc. (Symbol: CHRW), where a total of 4,576 contracts have traded so far, representing approximately 457,600 underlying shares. That amounts to about 46.8% of CHRW's average daily trading volume over the past month of 977,800 shares. Particularly high volume was seen for the $105 strike call option expiring July 21, 2023, with 1,292 contracts trading so far today, representing approximately 129,200 underlying shares of CHRW. Below is a chart showing CHRW's trailing twelve month trading history, with the $105 strike highlighted in orange:
Pioneer Natural Resources Co (Symbol: PXD) options are showing a volume of 10,948 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 46.4% of PXD's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $225 strike call option expiring June 16, 2023, with 1,899 contracts trading so far today, representing approximately 189,900 underlying shares of PXD. Below is a chart showing PXD's trailing twelve month trading history, with the $225 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 117,680 contracts thus far today. That number of contracts represents approximately 11.8 million underlying shares, working out to a sizeable 44.5% of AAL's average daily trading volume over the past month, of 26.5 million shares. Especially high volume was seen for the $13 strike call option expiring April 28, 2023, with 15,992 contracts trading so far today, representing approximately 1.6 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $13 strike highlighted in orange:
For the various different available expirations for CHRW options, PXD options, or AAL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
ARGS Insider Buying
NRK Insider Buying
PRLH Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Especially high volume was seen for the $13 strike call option expiring April 28, 2023, with 15,992 contracts trading so far today, representing approximately 1.6 million underlying shares of AAL. Below is a chart showing PXD's trailing twelve month trading history, with the $225 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 117,680 contracts thus far today. That number of contracts represents approximately 11.8 million underlying shares, working out to a sizeable 44.5% of AAL's average daily trading volume over the past month, of 26.5 million shares.
|
That number of contracts represents approximately 11.8 million underlying shares, working out to a sizeable 44.5% of AAL's average daily trading volume over the past month, of 26.5 million shares. Especially high volume was seen for the $13 strike call option expiring April 28, 2023, with 15,992 contracts trading so far today, representing approximately 1.6 million underlying shares of AAL. Below is a chart showing PXD's trailing twelve month trading history, with the $225 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 117,680 contracts thus far today.
|
That number of contracts represents approximately 11.8 million underlying shares, working out to a sizeable 44.5% of AAL's average daily trading volume over the past month, of 26.5 million shares. Especially high volume was seen for the $13 strike call option expiring April 28, 2023, with 15,992 contracts trading so far today, representing approximately 1.6 million underlying shares of AAL. Below is a chart showing PXD's trailing twelve month trading history, with the $225 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 117,680 contracts thus far today.
|
That number of contracts represents approximately 11.8 million underlying shares, working out to a sizeable 44.5% of AAL's average daily trading volume over the past month, of 26.5 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $13 strike highlighted in orange: For the various different available expirations for CHRW options, PXD options, or AAL options, visit StockOptionsChannel.com. Below is a chart showing PXD's trailing twelve month trading history, with the $225 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 117,680 contracts thus far today.
|
b37e83d8-dea6-4f2b-8e92-b3dcb70e0791
|
2632.0
|
2023-04-27 00:00:00 UTC
|
U.S. GDP Growth Rate Slows in Q1 2023
|
AAL
|
https://www.nasdaq.com/articles/u.s.-gdp-growth-rate-slows-in-q1-2023
|
nan
|
nan
|
We see a first print on Q1 Gross Domestic Product (GDP) this morning, with the headline coming in almost half of what was expected: +1.1% versus +2.0% expected. This is the lightest read since we were negative in Q2 2022, and notably down from the final +2.6% GDP from Q4. Consumption (consumer spending) came in at a robust +3.7%, the best level since Q2 2021.
On the Price Index side of this report, we’re seeing trend reversals in Q1: +4% headline is above the +3.7% expected and the +3.9% posted in Q4. Quarter over quarter, we jumped up to +4.9% from +4.4% last time around, and the highest print since the +5.6% we saw in Q1 of last year. Cycle highs here were around +9%, so we’re thankfully off those. However, ticking up quarter over quarter rather than ticking down is not the direction we want, and will do nothing but confirm the Fed’s belief that another quarter-point interest rate hike is in the offing next week.
Initial Jobless Claims reduced from both expectations and our newly found range near 250K claims per week: 230K last week is decidedly down — better for the ever-resilient labor market. The previous week was upwardly revised slightly to 246K, but today’s print brings us back down to the low end of the range we’ve seen since the first week in March. (Just a few weeks ago, Weekly Jobless Claims were recalibrated to more fully assess the jobless situation in this country.)
Continuing Claims also came in slightly below estimates: 1.858 million is down a smidge from the previous week’s 1.861 million — still at cycle highs going back 12 weeks, but comfortably below the psychologically pleasing 2 million per week. In fact, we haven’t seen longer-term jobless claims at this elevated of a level since November 2021.
In earnings news, Caterpillar CAT beat estimates on both earnings and sales by +29.6% and +4.1%, respectively: earnings of $4.91 per share easily outpaced the $3.79 Zacks consensus, on revenues of $15.89 billion in the quarter. Zacks Rank #2 (Buy)-rated American Airlines AAL swung to positive earnings from year-ago quarter levels and beat by a penny — 5 cents per share versus 4 cents — while revenues were a hair light of estimates at $12.19 billion in the quarter. Rival airline Southwest LUV missed on its bottom line: -27 cents per share versus -21 cents expected, with $5.71 billion in sales moderately short of the Zacks consensus.
After today’s open, New Home Sales for March will be hitting the tape. After today’s close, Amazon AMZN leads the charge of another busy afternoon of earnings reports. Pre-market futures are up at this hour: the Dow is +170 points, the S&P 500 +24 and the Nasdaq +144 points. With any luck, we’ll be able to hang onto these gains throughout the course of the trading day.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Southwest Airlines Co. (LUV) : Free Stock Analysis 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.
|
Zacks Rank #2 (Buy)-rated American Airlines AAL swung to positive earnings from year-ago quarter levels and beat by a penny — 5 cents per share versus 4 cents — while revenues were a hair light of estimates at $12.19 billion in the quarter. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. On the Price Index side of this report, we’re seeing trend reversals in Q1: +4% headline is above the +3.7% expected and the +3.9% posted in Q4.
|
Zacks Rank #2 (Buy)-rated American Airlines AAL swung to positive earnings from year-ago quarter levels and beat by a penny — 5 cents per share versus 4 cents — while revenues were a hair light of estimates at $12.19 billion in the quarter. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. In earnings news, Caterpillar CAT beat estimates on both earnings and sales by +29.6% and +4.1%, respectively: earnings of $4.91 per share easily outpaced the $3.79 Zacks consensus, on revenues of $15.89 billion in the quarter.
|
Zacks Rank #2 (Buy)-rated American Airlines AAL swung to positive earnings from year-ago quarter levels and beat by a penny — 5 cents per share versus 4 cents — while revenues were a hair light of estimates at $12.19 billion in the quarter. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Continuing Claims also came in slightly below estimates: 1.858 million is down a smidge from the previous week’s 1.861 million — still at cycle highs going back 12 weeks, but comfortably below the psychologically pleasing 2 million per week.
|
Zacks Rank #2 (Buy)-rated American Airlines AAL swung to positive earnings from year-ago quarter levels and beat by a penny — 5 cents per share versus 4 cents — while revenues were a hair light of estimates at $12.19 billion in the quarter. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The previous week was upwardly revised slightly to 246K, but today’s print brings us back down to the low end of the range we’ve seen since the first week in March.
|
1554a482-4342-4e42-a76f-dc66655261ae
|
2633.0
|
2023-04-27 00:00:00 UTC
|
Here's What Key Metrics Tell Us About American Airlines (AAL) Q1 Earnings
|
AAL
|
https://www.nasdaq.com/articles/heres-what-key-metrics-tell-us-about-american-airlines-aal-q1-earnings
|
nan
|
nan
|
American Airlines (AAL) reported $12.19 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 37%. EPS of $0.05 for the same period compares to -$2.32 a year ago.
The reported revenue represents a surprise of -0.08% over the Zacks Consensus Estimate of $12.2 billion. With the consensus EPS estimate being $0.04, the EPS surprise was +25.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating cost per ASM (excluding special items and fuel) - Total Mainline & Regional: 13.18 cents compared to the 13.15 cents average estimate based on four analysts.
Operating cost per ASM excluding special items: 18.06 cents versus 18.1 cents estimated by four analysts on average.
Passenger load factor (percent) - Total: 80% compared to the 82.13% average estimate based on four analysts.
Average aircraft fuel price including related taxes - Total: 3.28 $/gal versus 3.36 $/gal estimated by four analysts on average.
Passenger revenue per ASM - Total: 17.08 cents versus 17.18 cents estimated by four analysts on average.
Available seat miles - Total: 65006 million versus the four-analyst average estimate of 65101.92 million.
Total revenue per ASM - Total: 18.75 cents compared to the 18.8 cents average estimate based on four analysts.
Yield - Total: 21.35 cents compared to the 20.93 cents average estimate based on three analysts.
Fuel consumption - Total: 965 MGal compared to the 955.89 MGal average estimate based on three analysts.
Revenue- Passenger: $11.10 billion compared to the $11.16 billion average estimate based on five analysts.
Revenue- Other: $863 million versus the four-analyst average estimate of $804.78 million. The reported number represents a year-over-year change of +20.4%.
Revenues- Cargo: $223 million versus $314.17 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -38.7% change.
View all Key Company Metrics for American Airlines here>>>
Shares of American Airlines have returned -11.2% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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.
|
American Airlines (AAL) reported $12.19 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 37%. 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 investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
|
American Airlines (AAL) reported $12.19 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 37%. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Operating cost per ASM (excluding special items and fuel) - Total Mainline & Regional: 13.18 cents compared to the 13.15 cents average estimate based on four analysts.
|
American Airlines (AAL) reported $12.19 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 37%. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Operating cost per ASM (excluding special items and fuel) - Total Mainline & Regional: 13.18 cents compared to the 13.15 cents average estimate based on four analysts.
|
American Airlines (AAL) reported $12.19 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 37%. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Operating cost per ASM (excluding special items and fuel) - Total Mainline & Regional: 13.18 cents compared to the 13.15 cents average estimate based on four analysts.
|
2d12f17a-2a6a-428c-9c6e-c3560811b36a
|
2634.0
|
2023-04-27 00:00:00 UTC
|
Q1 GDP 1.1% Lower than Expected; Jobless Claims Down
|
AAL
|
https://www.nasdaq.com/articles/q1-gdp-1.1-lower-than-expected-jobless-claims-down
|
nan
|
nan
|
Thursday, April 27th, 2023
We see a first print on Q1 Gross Domestic Product (GDP) this morning, with the headline coming in almost half of what was expected: +1.1% versus +2.0% expected. This is the lightest read since we were negative in Q2 2022, and notably down from the final +2.6% GDP from Q4. Consumption (consumer spending) came in at a robust +3.7%, the best level since Q2 2021.
On the Price Index side of this report, we’re seeing trend reversals in Q1: +4% headline is above the +3.7% expected and the +3.9% posted in Q4. Quarter over quarter, we jumped up to +4.9% from +4.4% last time around, and the highest print since the +5.6% we saw in Q1 of last year. Cycle highs here were around +9%, so we’re thankfully off those. However, ticking up quarter over quarter rather than ticking down is not the direction we want, and will do nothing but confirm the Fed’s belief that another quarter-point interest rate hike is in the offing next week.
Initial Jobless Claims reduced from both expectations and our newly found range near 250K claims per week: 230K last week is decidedly down — better for the ever-resilient labor market. The previous week was upwardly revised slightly to 246K, but today’s print brings us back down to the low end of the range we’ve seen since the first week in March. (Just a few weeks ago, Weekly Jobless Claims were recalibrated to more fully assess the jobless situation in this country.)
Continuing Claims also came in slightly below estimates: 1.858 million is down a smidge from the previous week’s 1.861 million — still at cycle highs going back 12 weeks, but comfortably below the psychologically pleasing 2 million per week. In fact, we haven’t seen longer-term jobless claims at this elevated of a level since November 2021.
In earnings news, Caterpillar CAT beat estimates on both earnings and sales by +29.6% and +4.1%, respectively: earnings of $4.91 per share easily outpaced the $3.79 Zacks consensus, on revenues of $15.89 billion in the quarter. Zacks Rank #2 (Buy)-rated American Airlines AAL swung to positive earnings from year-ago quarter levels and beat by a penny — 5 cents per share versus 4 cents — while revenues were a hair light of estimates at $12.19 billion in the quarter. Rival airline Southwest LUV missed on its bottom line: -27 cents per share versus -21 cents expected, with $5.71 billion in sales moderately short of the Zacks consensus.
After today’s open, New Home Sales for March will be hitting the tape. After today’s close, Amazon AMZN leads the charge of another busy afternoon of earnings reports. Pre-market futures are up at this hour: the Dow is +170 points, the S&P 500 +24 and the Nasdaq +144 points. With any luck, we’ll be able to hang onto these gains throughout the course of the trading day.
For more on CAT's earnings, click here.
For more on AAL's earnings, click here.
For more on LUV's earnings, click here.
Questions or comments about this article and/or its author? Click here>>
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : 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.
|
Zacks Rank #2 (Buy)-rated American Airlines AAL swung to positive earnings from year-ago quarter levels and beat by a penny — 5 cents per share versus 4 cents — while revenues were a hair light of estimates at $12.19 billion in the quarter. For more on AAL's earnings, click here. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Zacks Rank #2 (Buy)-rated American Airlines AAL swung to positive earnings from year-ago quarter levels and beat by a penny — 5 cents per share versus 4 cents — while revenues were a hair light of estimates at $12.19 billion in the quarter. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. For more on AAL's earnings, click here.
|
Zacks Rank #2 (Buy)-rated American Airlines AAL swung to positive earnings from year-ago quarter levels and beat by a penny — 5 cents per share versus 4 cents — while revenues were a hair light of estimates at $12.19 billion in the quarter. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. For more on AAL's earnings, click here.
|
Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank #2 (Buy)-rated American Airlines AAL swung to positive earnings from year-ago quarter levels and beat by a penny — 5 cents per share versus 4 cents — while revenues were a hair light of estimates at $12.19 billion in the quarter. For more on AAL's earnings, click here.
|
386c4712-f2b4-4d33-9edb-9066afca8eb5
|
2635.0
|
2023-04-27 00:00:00 UTC
|
American Airlines (AAL) Q1 Earnings Beat Estimates
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-aal-q1-earnings-beat-estimates
|
nan
|
nan
|
American Airlines (AAL) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to loss of $2.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this world's largest airline would post earnings of $1.14 per share when it actually produced earnings of $1.17, delivering a surprise of 2.63%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
American Airlines, which belongs to the Zacks Transportation - Airline industry, posted revenues of $12.19 billion for the quarter ended March 2023, missing the Zacks Consensus Estimate by 0.08%. This compares to year-ago revenues of $8.9 billion. The company has topped consensus revenue estimates two times 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 added about 0.2% since the beginning of the year versus the S&P 500's gain of 5.6%.
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 of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for American Airlines: 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 $0.97 on $13.88 billion in revenues for the coming quarter and $2.62 on $53.73 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 15% 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.
Another stock from the same industry, Sun Country Airlines Holdings, Inc. (SNCY), has yet to report results for the quarter ended March 2023. The results are expected to be released on April 28.
This company is expected to post quarterly earnings of $0.57 per share in its upcoming report, which represents a year-over-year change of +185%. The consensus EPS estimate for the quarter has been revised 4.9% higher over the last 30 days to the current level.
Sun Country Airlines Holdings, Inc.'s revenues are expected to be $284.27 million, up 25.5% from the year-ago quarter.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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
Sun Country Airlines Holdings, Inc. (SNCY) : 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.
|
American Airlines (AAL) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Sun Country Airlines Holdings, Inc. (SNCY) : 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.
|
Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Sun Country Airlines Holdings, Inc. (SNCY) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. American Airlines, which belongs to the Zacks Transportation - Airline industry, posted revenues of $12.19 billion for the quarter ended March 2023, missing the Zacks Consensus Estimate by 0.08%.
|
American Airlines (AAL) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Sun Country Airlines Holdings, Inc. (SNCY) : 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 $12.19 billion for the quarter ended March 2023, missing the Zacks Consensus Estimate by 0.08%.
|
American Airlines (AAL) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Sun Country Airlines Holdings, Inc. (SNCY) : Free Stock Analysis Report To read this article on Zacks.com click here. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
|
7117e235-5c57-4a3d-a8d7-d5286bd6e93c
|
2636.0
|
2023-04-27 00:00:00 UTC
|
US ethanol industry expands focus to lower-carbon aviation sector
|
AAL
|
https://www.nasdaq.com/articles/us-ethanol-industry-expands-focus-to-lower-carbon-aviation-sector-1
|
nan
|
nan
|
By Stephanie Kelly
NEW YORK, April 27 (Reuters) - The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals.
The campaign reflects the ethanol industry's desire to expand into aviation following years of stagnant demand for the corn-based fuel as an ingredient in gasoline, and projections that motor fuel demand will fall in the future due to better efficiency and the ascent of electric cars.
"Over the last 18 months, there's been a growing recognition in our industry that long-term you've got to be looking at new uses and new markets and nontraditional applications for ethanol if we're going to continue to grow our industry and its value," said Geoff Cooper, president of the Renewable Fuels Association, one of the organizations involved in the push.
Sustainable aviation fuel (SAF) is considered vital to decarbonizing the hard-to-electrify airplane industry and the Biden administration is targeting at least 3 billion gallons (11.4 billion liters) of SAF production per year in the United States by 2030 as part of its broader push to fight climate change.
At issue is a requirement in the Biden administration's IRA package, signed into law last year, that SAF yield a 50% reduction in lifecycle emissions compared with petroleum-based jet fuel before it can qualify for a $1.25 tax credit.
The lifecycle emissions impact of SAF can vary widely depending on the feedstock that producers use to make it, which can include a variety of substances ranging from soybean oil, to used cooking oil and animal fat.
Different methodologies to calculate the emissions of SAF can also yield different results.
The ethanol industry is asking the administration to use a methodology developed by the Department of Energy called GREET that shows ethanol to have a lighter carbon footprint as an SAF feedstock than does the methodology used by the International Civil Aviation Organization, which is mentioned in the IRA.
A coalition of ethanol industry representatives and allies in the airlines industry, known as the "SAF BTC Coalition," wrote to the Treasury Department in February asking that the administration use the Department of Energy methodology.
The coalition includes the Renewable Fuels Association, Growth Energy, United Airlines Holdings Inc UAL.O, Delta Air Lines Inc DAL.N, and SAF producers LanzaJet Inc and Gevo Inc GEVO.O.
Cooper said the RFA has also had numerous conversations across the Biden administration, including with the Department of Agriculture, the Treasury Department and with the Federal Aviation Administration about ethanol as a feedstock for SAF, and specifically around ethanol's carbon intensity.
The effort mirrors ethanol industry lobbying over emissions modeling during the creation of the Renewable Fuel Standard roughly 15 years ago. That policy, which now mandates billions of gallons of ethanol and other biofuels be blended into the nation’s fuel pool, also requires a reduction in carbon intensity compared to petroleum-based fuels.
HANDFUL OF PROJECTS
Ethanol groups say that their supply chain, which already produces and transports huge volumes of ethanol per year, thanks to the RFS, would be readily available to help boost production of SAF to meet the administration's goals.
But so far, only a handful of ethanol-to-SAF projects have been proposed.
LanzaJet, for example, is building in Georgia an alcohol-to-jet production facility using ethanol as a feedstock which is due to be completed in 2023, and which the company says would be the world's first facility of its kind.
The project would produce 10 million gallons of SAF and renewable diesel per year – a tiny fraction of the roughly 24.7 billion gallons of petroleum-based jet fuel now produced in the U.S. annually.
Gevo has said it expects to develop, own, and operate ethanol-to-jet plants to produce SAF. The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.O to supply each with tens of millions of gallons of SAF per year for several years starting in 2026.
Engineering and aerospace giant Honeywell International Inc HON.O has also announced a new ethanol-to-jet fuel processing technology.
(Reporting by Stephanie Kelly; Editing by Marguerita Choy)
((Stephanie.Kelly@thomsonreuters.com; 646-223-4471; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.O to supply each with tens of millions of gallons of SAF per year for several years starting in 2026. At issue is a requirement in the Biden administration's IRA package, signed into law last year, that SAF yield a 50% reduction in lifecycle emissions compared with petroleum-based jet fuel before it can qualify for a $1.25 tax credit. The coalition includes the Renewable Fuels Association, Growth Energy, United Airlines Holdings Inc UAL.O, Delta Air Lines Inc DAL.N, and SAF producers LanzaJet Inc and Gevo Inc GEVO.O.
|
The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.O to supply each with tens of millions of gallons of SAF per year for several years starting in 2026. By Stephanie Kelly NEW YORK, April 27 (Reuters) - The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals. At issue is a requirement in the Biden administration's IRA package, signed into law last year, that SAF yield a 50% reduction in lifecycle emissions compared with petroleum-based jet fuel before it can qualify for a $1.25 tax credit.
|
The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.O to supply each with tens of millions of gallons of SAF per year for several years starting in 2026. Sustainable aviation fuel (SAF) is considered vital to decarbonizing the hard-to-electrify airplane industry and the Biden administration is targeting at least 3 billion gallons (11.4 billion liters) of SAF production per year in the United States by 2030 as part of its broader push to fight climate change. The ethanol industry is asking the administration to use a methodology developed by the Department of Energy called GREET that shows ethanol to have a lighter carbon footprint as an SAF feedstock than does the methodology used by the International Civil Aviation Organization, which is mentioned in the IRA.
|
The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.O to supply each with tens of millions of gallons of SAF per year for several years starting in 2026. By Stephanie Kelly NEW YORK, April 27 (Reuters) - The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals. The coalition includes the Renewable Fuels Association, Growth Energy, United Airlines Holdings Inc UAL.O, Delta Air Lines Inc DAL.N, and SAF producers LanzaJet Inc and Gevo Inc GEVO.O.
|
37818c3f-2018-48db-86dd-aa3991e113eb
|
2637.0
|
2023-04-27 00:00:00 UTC
|
How The Pieces Add Up: XLI Headed For $110
|
AAL
|
https://www.nasdaq.com/articles/how-the-pieces-add-up%3A-xli-headed-for-%24110
|
nan
|
nan
|
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 The Industrial Select Sector SPDR Fund ETF (Symbol: XLI), we found that the implied analyst target price for the ETF based upon its underlying holdings is $110.36 per unit.
With XLI trading at a recent price near $97.12 per unit, that means that analysts see 13.63% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of XLI's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), AMETEK Inc (Symbol: AME), and United Rentals Inc (Symbol: URI). Although AAL has traded at a recent price of $12.74/share, the average analyst target is 39.46% higher at $17.77/share. Similarly, AME has 17.97% upside from the recent share price of $133.74 if the average analyst target price of $157.78/share is reached, and analysts on average are expecting URI to reach a target price of $434.00/share, which is 15.73% above the recent price of $375.01. Below is a twelve month price history chart comparing the stock performance of AAL, AME, and URI:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
The Industrial Select Sector SPDR Fund ETF XLI $97.12 $110.36 13.63%
American Airlines Group Inc AAL $12.74 $17.77 39.46%
AMETEK Inc AME $133.74 $157.78 17.97%
United Rentals Inc URI $375.01 $434.00 15.73%
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 »
Also see:
Manufacturing Dividend Stocks
REPX Insider Buying
Funds Holding FTXO
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The Industrial Select Sector SPDR Fund ETF XLI $97.12 $110.36 13.63% American Airlines Group Inc AAL $12.74 $17.77 39.46% AMETEK Inc AME $133.74 $157.78 17.97% United Rentals Inc URI $375.01 $434.00 15.73% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of XLI's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), AMETEK Inc (Symbol: AME), and United Rentals Inc (Symbol: URI). Although AAL has traded at a recent price of $12.74/share, the average analyst target is 39.46% higher at $17.77/share.
|
Three of XLI's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), AMETEK Inc (Symbol: AME), and United Rentals Inc (Symbol: URI). The Industrial Select Sector SPDR Fund ETF XLI $97.12 $110.36 13.63% American Airlines Group Inc AAL $12.74 $17.77 39.46% AMETEK Inc AME $133.74 $157.78 17.97% United Rentals Inc URI $375.01 $434.00 15.73% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although AAL has traded at a recent price of $12.74/share, the average analyst target is 39.46% higher at $17.77/share.
|
Three of XLI's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), AMETEK Inc (Symbol: AME), and United Rentals Inc (Symbol: URI). Although AAL has traded at a recent price of $12.74/share, the average analyst target is 39.46% higher at $17.77/share. Below is a twelve month price history chart comparing the stock performance of AAL, AME, and URI: Below is a summary table of the current analyst target prices discussed above:
|
The Industrial Select Sector SPDR Fund ETF XLI $97.12 $110.36 13.63% American Airlines Group Inc AAL $12.74 $17.77 39.46% AMETEK Inc AME $133.74 $157.78 17.97% United Rentals Inc URI $375.01 $434.00 15.73% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of XLI's underlying holdings with notable upside to their analyst target prices are American Airlines Group Inc (Symbol: AAL), AMETEK Inc (Symbol: AME), and United Rentals Inc (Symbol: URI). Although AAL has traded at a recent price of $12.74/share, the average analyst target is 39.46% higher at $17.77/share.
|
7a01b9c8-e788-4b1f-87f3-6c565137bc7e
|
2638.0
|
2023-04-27 00:00:00 UTC
|
American Airlines Posts Profit In Q1, Meets View; Sees Q2 Earnings Above Market; Backs FY23 Forecast
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-posts-profit-in-q1-meets-view-sees-q2-earnings-above-market-backs-fy23
|
nan
|
nan
|
(RTTNews) - American Airlines Group Inc. (AAL) reported Thursday that its first-quarter net income was $10 million or $0.02 per share, compared to last year's loss of $1.64 billion or $2.52 per share.
First-quarter adjusted net income was $33 million or $0.05 per share, compared to loss of $1.51 billion or $2.32 per share a year ago.
On average, 15 analysts polled by Thomson Reuters expected earnings of $0.05 per share for the quarter. Analysts' estimates typically exclude special items.
Total operating revenues climbed 37 percent to $12.19 billion from last year's $9 billion. The Street was looking for revenues of $12.2 billion for the quarter.
The strong revenue performance was driven by the continued strength of the demand environment.
Looking ahead for the second quarter, based on demand trends and the current fuel price forecast, the company expects adjusted earnings per share to be between $1.20 and $1.40.
For fiscal 2023, American continues to expect adjusted earnings per share to be between $2.50 and $3.50.
Analysts were looking for earnings of $1.06 per share for the quarter and $2.35 per share for the year.
American's CEO Robert Isom said, "Looking ahead to the remainder of 2023, we remain focused on reliability, profitability, strengthening the balance sheet, and creating even more value..."
For more earnings news, earnings calendar, and earnings for stocks, visit 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.
|
(RTTNews) - American Airlines Group Inc. (AAL) reported Thursday that its first-quarter net income was $10 million or $0.02 per share, compared to last year's loss of $1.64 billion or $2.52 per share. On average, 15 analysts polled by Thomson Reuters expected earnings of $0.05 per share for the quarter. The strong revenue performance was driven by the continued strength of the demand environment.
|
(RTTNews) - American Airlines Group Inc. (AAL) reported Thursday that its first-quarter net income was $10 million or $0.02 per share, compared to last year's loss of $1.64 billion or $2.52 per share. First-quarter adjusted net income was $33 million or $0.05 per share, compared to loss of $1.51 billion or $2.32 per share a year ago. For fiscal 2023, American continues to expect adjusted earnings per share to be between $2.50 and $3.50.
|
(RTTNews) - American Airlines Group Inc. (AAL) reported Thursday that its first-quarter net income was $10 million or $0.02 per share, compared to last year's loss of $1.64 billion or $2.52 per share. First-quarter adjusted net income was $33 million or $0.05 per share, compared to loss of $1.51 billion or $2.32 per share a year ago. Analysts were looking for earnings of $1.06 per share for the quarter and $2.35 per share for the year.
|
(RTTNews) - American Airlines Group Inc. (AAL) reported Thursday that its first-quarter net income was $10 million or $0.02 per share, compared to last year's loss of $1.64 billion or $2.52 per share. First-quarter adjusted net income was $33 million or $0.05 per share, compared to loss of $1.51 billion or $2.32 per share a year ago. For fiscal 2023, American continues to expect adjusted earnings per share to be between $2.50 and $3.50.
|
bbc858a1-e700-4b2a-bc37-575f6cd2fb76
|
2639.0
|
2023-04-27 00:00:00 UTC
|
US ethanol industry expands focus to lower-carbon aviation sector
|
AAL
|
https://www.nasdaq.com/articles/us-ethanol-industry-expands-focus-to-lower-carbon-aviation-sector-0
|
nan
|
nan
|
By Stephanie Kelly
NEW YORK, April 27 (Reuters) - The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals.
The campaign reflects the ethanol industry's desire to expand into aviation following years of stagnant demand for the corn-based fuel as an ingredient in gasoline, and projections that motor fuel demand will fall in the future due to better efficiency and the ascent of electric cars.
"Over the last 18 months, there's been a growing recognition in our industry that long-term you've got to be looking at new uses and new markets and nontraditional applications for ethanol if we're going to continue to grow our industry and its value," said Geoff Cooper, president of the Renewable Fuels Association, one of the organizations involved in the push.
Sustainable aviation fuel (SAF) is considered vital to decarbonizing the hard-to-electrify airplane industry and the Biden administration is targeting at least 3 billion gallons (11.4 billion liters) of SAF production per year in the United States by 2030 as part of its broader push to fight climate change.
At issue is a requirement in the Biden administration's IRA package, signed into law last year, that SAF yield a 50% reduction in lifecycle emissions compared with petroleum-based jet fuel before it can qualify for a $1.25 tax credit.
The lifecycle emissions impact of SAF can vary widely depending on the feedstock that producers use to make it, which can include a variety of substances ranging from soybean oil, to used cooking oil and animal fat.
Different methodologies to calculate the emissions of SAF can also yield different results.
The ethanol industry is asking the administration to use a methodology developed by the Department of Energy called GREET that shows ethanol to have a lighter carbon footprint as an SAF feedstock than does the methodology proscribed by the IRA, which was developed by the International Civil Aviation Organization.
A coalition of ethanol industry representatives and allies in the airlines industry, known as the "SAF BTC Coalition," wrote to the Treasury Department in February asking that the administration use the Department of Energy methodology.
The coalition includes the Renewable Fuels Association, Growth Energy, United Airlines Holdings Inc UAL.O, Delta Air Lines Inc DAL.N, and SAF producers LanzaJet Inc and Gevo Inc GEVO.O.
Cooper said the RFA has also had numerous conversations across the Biden administration, including with the Department of Agriculture, the Treasury Department and with the Federal Aviation Administration about ethanol as a feedstock for SAF, and specifically around ethanol's carbon intensity.
The effort mirrors ethanol industry lobbying over emissions modeling during the creation of the Renewable Fuel Standard roughly 15 years ago. That policy, which now mandates billions of gallons of ethanol and other biofuels be blended into the nation’s fuel pool, also requires a reduction in carbon intensity compared to petroleum-based fuels.
HANDFUL OF PROJECTS
Ethanol groups say that their supply chain, which already produces and transports huge volumes of ethanol per year, thanks to the RFS, would be readily available to help boost production of SAF to meet the administration's goals.
But so far, only a handful of ethanol-to-SAF projects have been proposed.
LanzaJet, for example, is building in Georgia an alcohol-to-jet production facility using ethanol as a feedstock which is due to be completed in 2023, and which the company says would be the world's first facility of its kind.
The project would produce 10 million gallons of SAF and renewable diesel per year – a tiny fraction of the roughly 24.7 billion gallons of petroleum-based jet fuel now produced in the U.S. annually.
Gevo has said it expects to develop, own, and operate ethanol-to-jet plants to produce SAF. The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.Oto supply each with tens of millions of gallons of SAF per year for several years starting in 2026.
Engineering and aerospace giant Honeywell International Inc HON.O has also announced a new ethanol-to-jet fuel processing technology.
(Reporting by Stephanie Kelly; Editing by Marguerita Choy)
((Stephanie.Kelly@thomsonreuters.com; 646-223-4471; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.Oto supply each with tens of millions of gallons of SAF per year for several years starting in 2026. At issue is a requirement in the Biden administration's IRA package, signed into law last year, that SAF yield a 50% reduction in lifecycle emissions compared with petroleum-based jet fuel before it can qualify for a $1.25 tax credit. The coalition includes the Renewable Fuels Association, Growth Energy, United Airlines Holdings Inc UAL.O, Delta Air Lines Inc DAL.N, and SAF producers LanzaJet Inc and Gevo Inc GEVO.O.
|
The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.Oto supply each with tens of millions of gallons of SAF per year for several years starting in 2026. By Stephanie Kelly NEW YORK, April 27 (Reuters) - The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals. At issue is a requirement in the Biden administration's IRA package, signed into law last year, that SAF yield a 50% reduction in lifecycle emissions compared with petroleum-based jet fuel before it can qualify for a $1.25 tax credit.
|
The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.Oto supply each with tens of millions of gallons of SAF per year for several years starting in 2026. Sustainable aviation fuel (SAF) is considered vital to decarbonizing the hard-to-electrify airplane industry and the Biden administration is targeting at least 3 billion gallons (11.4 billion liters) of SAF production per year in the United States by 2030 as part of its broader push to fight climate change. The ethanol industry is asking the administration to use a methodology developed by the Department of Energy called GREET that shows ethanol to have a lighter carbon footprint as an SAF feedstock than does the methodology proscribed by the IRA, which was developed by the International Civil Aviation Organization.
|
The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.Oto supply each with tens of millions of gallons of SAF per year for several years starting in 2026. By Stephanie Kelly NEW YORK, April 27 (Reuters) - The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals. The ethanol industry is asking the administration to use a methodology developed by the Department of Energy called GREET that shows ethanol to have a lighter carbon footprint as an SAF feedstock than does the methodology proscribed by the IRA, which was developed by the International Civil Aviation Organization.
|
65afac11-571e-437b-8431-9ea09a5e40ba
|
2640.0
|
2023-04-27 00:00:00 UTC
|
US ethanol industry expands focus to lower-carbon aviation sector
|
AAL
|
https://www.nasdaq.com/articles/us-ethanol-industry-expands-focus-to-lower-carbon-aviation-sector
|
nan
|
nan
|
By Stephanie Kelly
NEW YORK, April 27 (Reuters) - The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals.
The campaign reflects the ethanol industry's desire to expand into aviation following years of stagnant demand for the corn-based fuel as an ingredient in gasoline, and projections that motor fuel demand will fall in the future due to better efficiency and the ascent of electric cars.
"Over the last 18 months, there's been a growing recognition in our industry that long-term you've got to be looking at new uses and new markets and nontraditional applications for ethanol if we're going to continue to grow our industry and its value," said Geoff Cooper, president of the Renewable Fuels Association, one of the organizations involved in the push.
Sustainable aviation fuel (SAF) is considered vital to decarbonizing the hard-to-electrify airplane industry and the Biden administration is targeting at least 3 billion gallons (11.4 billion liters) of SAF production per year in the United States by 2030 as part of its broader push to fight climate change.
At issue is a requirement in the Biden administration's IRA package, signed into law last year, that SAF yield a 50% reduction in lifecycle emissions compared with petroleum-based jet fuel before it can qualify for a $1.25 tax credit.
The lifecycle emissions impact of SAF can vary widely depending on the feedstock that producers use to make it, which can include a variety of substances ranging from soybean oil, to used cooking oil and animal fat.
Different methodologies to calculate the emissions of SAF can also yield different results.
The ethanol industry is asking the administration to use a methodology developed by the Department of Energy called GREET that shows ethanol to have a lighter carbon footprint as an SAF feedstock than does the methodology proscribed by the IRA, which was developed by the International Civil Aviation Organization.
A coalition of ethanol industry representatives and allies in the airlines industry, known as the "SAF BTC Coalition," wrote to the Treasury Department in February asking that the administration use the Department of Energy methodology.
The coalition includes the Renewable Fuels Association, Growth Energy, United Airlines Holdings Inc UAL.O, Delta Air Lines Inc DAL.N, and SAF producers LanzaJet Inc and Gevo Inc GEVO.O.
Cooper said the RFA has also had numerous conversations across the Biden administration, including with the Department of Agriculture, the Treasury Department and with the Federal Aviation Administration about ethanol as a feedstock for SAF, and specifically around ethanol's carbon intensity.
The effort mirrors ethanol industry lobbying over emissions modeling during the creation of the Renewable Fuel Standard roughly 15 years ago. That policy, which now mandates billions of gallons of ethanol and other biofuels be blended into the nation’s fuel pool, also requires a reduction in carbon intensity compared to petroleum-based fuels.
HANDFUL OF PROJECTS
Ethanol groups say that their supply chain, which already produces and transports huge volumes of ethanol per year, thanks to the RFS, would be readily available to help boost production of SAF to meet the administration's goals.
But so far, only a handful of ethanol-to-SAF projects have been proposed.
LanzaJet, for example, is building in Georgia an alcohol-to-jet production facility using ethanol as a feedstock which is due to be completed in 2023, and which the company says would be the world's first facility of its kind.
The project would produce 10 million gallons of SAF and renewable diesel per year – a tiny fraction of the roughly 24.7 billion gallons of petroleum-based jet fuel now produced in the U.S. annually.
Gevo has said it expects to develop, own, and operate ethanol-to-jet plants to produce SAF. The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.Oto supply each with tens of millions of gallons of SAF per year for several years starting in 2026.
Engineering and aerospace giant Honeywell International Inc HON.O has also announced a new ethanol-to-jet fuel processing technology.
(Reporting by Stephanie Kelly; Editing by Marguerita Choy)
((Stephanie.Kelly@thomsonreuters.com; 646-223-4471; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.Oto supply each with tens of millions of gallons of SAF per year for several years starting in 2026. At issue is a requirement in the Biden administration's IRA package, signed into law last year, that SAF yield a 50% reduction in lifecycle emissions compared with petroleum-based jet fuel before it can qualify for a $1.25 tax credit. The coalition includes the Renewable Fuels Association, Growth Energy, United Airlines Holdings Inc UAL.O, Delta Air Lines Inc DAL.N, and SAF producers LanzaJet Inc and Gevo Inc GEVO.O.
|
The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.Oto supply each with tens of millions of gallons of SAF per year for several years starting in 2026. By Stephanie Kelly NEW YORK, April 27 (Reuters) - The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals. At issue is a requirement in the Biden administration's IRA package, signed into law last year, that SAF yield a 50% reduction in lifecycle emissions compared with petroleum-based jet fuel before it can qualify for a $1.25 tax credit.
|
The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.Oto supply each with tens of millions of gallons of SAF per year for several years starting in 2026. Sustainable aviation fuel (SAF) is considered vital to decarbonizing the hard-to-electrify airplane industry and the Biden administration is targeting at least 3 billion gallons (11.4 billion liters) of SAF production per year in the United States by 2030 as part of its broader push to fight climate change. The ethanol industry is asking the administration to use a methodology developed by the Department of Energy called GREET that shows ethanol to have a lighter carbon footprint as an SAF feedstock than does the methodology proscribed by the IRA, which was developed by the International Civil Aviation Organization.
|
The company has agreements with Delta Air Lines and American Airlines Group Inc AAL.Oto supply each with tens of millions of gallons of SAF per year for several years starting in 2026. By Stephanie Kelly NEW YORK, April 27 (Reuters) - The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals. The ethanol industry is asking the administration to use a methodology developed by the Department of Energy called GREET that shows ethanol to have a lighter carbon footprint as an SAF feedstock than does the methodology proscribed by the IRA, which was developed by the International Civil Aviation Organization.
|
26bd4099-f2ca-4e9e-8ca0-b8b8735dc4a0
|
2641.0
|
2023-04-26 00:00:00 UTC
|
Lumen (LUMN) to Report Q1 Earnings: Here's What to Expect
|
AAL
|
https://www.nasdaq.com/articles/lumen-lumn-to-report-q1-earnings%3A-heres-what-to-expect
|
nan
|
nan
|
Lumen Technologies, Inc LUMN is scheduled to report first-quarter 2023 results on May 2, after the closing bell.
The Zacks Consensus Estimate for total revenues is pegged at $3.72 billion, suggesting a fall of 20.5% from the year-ago quarter’s reported figure. The consensus estimate for earnings is currently pegged at 12 cents per share, indicating a decline of 81% from the year-ago quarter’s levels. Our projection for the top and bottom lines is $3.652 billion and 13 cents per share, respectively.
The company missed the Zacks Consensus Estimate in two of the last four quarters and beat twice. It has a trailing four-quarter negative earnings surprise of 52.6%, on average.
In the last reported quarter, Lumen, an LA-based telecommunications company, reported adjusted earnings (excluding special items) of 43 cents per share compared with 51 cents in the prior-year quarter. The bottom line beat the Zacks Consensus Estimate by 12 cents.
Quarterly total revenues of $3,800 million fell short of the Zacks Consensus Estimate of $3,746 million and decreased 21.6% year over year on a reported basis. Also, the top line declined 6% on a modified basis.
In the past year, shares of the company have lost 77% compared with the sub-industry’s decline of 22.6%.
Image Source: Zacks Investment Research
Factors at Play
Supply-chain woes, uncertainty prevailing over global macroeconomic conditions, forex volatility and inflationary pressure are likely to have affected Lumen’s first-quarter revenues.
The company also has been undergoing a time-consuming digital transformation process. Weakness in Business, Enterprise Channels and Mass markets business segments, along with massive debt are other headwinds.
While selling of non-accretive businesses is likely to bode well in the long term it is expected to affect results in the near term. After the completion of the sale of its Latin America business in August 2022, the company completed the sale of its 20-state ILEC business to Apollo in October, 2022. LUMN also announced the sale of its Europe, Middle East and Asia business to Colt Technology Services for $1.8 billion in October 2022.
Lumen Technologies, Inc. Price and EPS Surprise
Lumen Technologies, Inc. price-eps-surprise | Lumen Technologies, Inc. Quote
However, momentum in security, cloud, unified communications and IT products is likely to have offered some cushioning to the top-line performance.
Continued investments in Quantum Fiber and enterprise business may have been positives. In the last reported quarter, Lumen added 19,000 Quantum fiber subscribers, taking the count to 832,000.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Lumen this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
LUMN has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter.
Marriott International MAR has an Earnings ESP of +3.04% and currently flaunts a Zacks Rank of 1. MAR is set to announce quarterly figures on May 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for MAR’s to-be-reported quarter’s earnings and revenues is pegged at $1.85 per share and $5.28 billion, respectively. Shares of MAR are down 4.1% in the past year.
Colgate-Palmolive Company CL has an Earnings ESP of +1.43% and presently carries a Zacks Rank #2. CL is slated to release quarterly numbers on Apr 28.
The Zacks Consensus Estimate for CL’s to-be-reported quarter’s earnings and revenues is pegged at 70 cents per share and $4.62 billion, respectively. Shares of CL are down 3.8% in the past year.
American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2. AAL is scheduled to report quarterly earnings on Apr 27.
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively. Shares of AAL are down 32.2% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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
Marriott International, Inc. (MAR) : Free Stock Analysis Report
Colgate-Palmolive Company (CL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Lumen Technologies, Inc. (LUMN) : 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.
|
American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2. AAL is scheduled to report quarterly earnings on Apr 27. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively.
|
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively. Click to get this free report Marriott International, Inc. (MAR) : Free Stock Analysis Report Colgate-Palmolive Company (CL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Lumen Technologies, Inc. (LUMN) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2.
|
Click to get this free report Marriott International, Inc. (MAR) : Free Stock Analysis Report Colgate-Palmolive Company (CL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Lumen Technologies, Inc. (LUMN) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2. AAL is scheduled to report quarterly earnings on Apr 27.
|
American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2. AAL is scheduled to report quarterly earnings on Apr 27. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively.
|
80cb9c46-bbac-45a8-a2d2-d5ede6d310a1
|
2642.0
|
2023-04-25 00:00:00 UTC
|
American Airlines Preview: EPS Beat Inbound?
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-preview%3A-eps-beat-inbound
|
nan
|
nan
|
Earnings season has picked up a notable amount of steam, with a significant amount of companies slated to report this week. This week is a busy one in particular, with every sector of the economy being represented.
Soon, on Thursday, April 27th, we’ll hear from American Airlines AAL before the market opens. We’ve already heard from a few peers, including Delta Air Lines DAL and United Airlines UAL. Below is a chart illustrating the performance of all three year-to-date, with the S&P 500 blended in as a benchmark.
Image Source: Zacks Investment Research
It raises a valid question: how does American Airlines shape up heading into its quarterly release? We can use results from DAL and UAL as a small guide. Let’s take a closer look.
Delta Air Lines
Delta Air Lines posted somewhat weak results, falling short of the Zacks Consensus EPS Estimate by roughly 14%. Further, quarterly revenue totaled $12.8 billion, roughly in line with expectations and improving more than 30% year-over-year.
Image Source: Zacks Investment Research
Despite the miss, DAL shares found buyers post-earnings, as we can see illustrated in the chart below. The euphoria seems to have worn off a bit though, with shares now in a downtrend.
Image Source: Zacks Investment Research
Following the release, analysts have become bullish on DAL’s upcoming quarterly release in mid-July, with six positive earnings estimate revisions hitting the tape as of late.
Image Source: Zacks Investment Research
United Airlines
United Airlines posted better-than-expected results, exceeding the Zacks Consensus EPS Estimate by nearly 14%. In addition, United Airlines generated $11.4 billion in revenue throughout the period, a tick above expectations and improving nearly 50% year-over-year.
Image Source: Zacks Investment Research
Like DAL, the market took the results in stride, sending shares soaring post-earnings. Still, they’ve since cooled notably, as we can see below.
Image Source: Zacks Investment Research
Analysts must’ve been impressed with the quarterly results, causing them to raise their expectations notably for UAL’s upcoming release in mid-July.
Image Source: Zacks Investment Research
American Airlines
Analysts have been bullish for the quarter to be reported, with the quarterly EPS Estimate being revised 500% higher since February of this year. The Zacks Consensus EPS Estimate indicates a 100% jump in earnings Y/Y.
Image Source: Zacks Investment Research
Further, the company is forecasted to have generated roughly $12.3 billion in revenue, implying an improvement of more than 35% from year-ago quarterly sales of $8.9 billion. The quarterly revenue estimate has been revised 1.4% higher since February, reflecting optimism.
Image Source: Zacks Investment Research
Bottom Line
As we can see in the charts above, investors initially cheered on results of Delta Air Lines DAL and United Airlines UAL. Since the releases, the euphoria seems to have faded, with shares of both companies facing selling pressure.
American Airlines is expected to see a notable recovery in earnings, a reflection of a recovery in travel demand and lower fuel costs providing a nice boost. Heading into the release, American Airlines AAL is a Zacks Rank #2 (Buy) with an Earnings ESP Score of 85.7%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
United Airlines Holdings Inc (UAL) : Free Stock Analysis 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.
|
Soon, on Thursday, April 27th, we’ll hear from American Airlines AAL before the market opens. Heading into the release, American Airlines AAL is a Zacks Rank #2 (Buy) with an Earnings ESP Score of 85.7%. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Soon, on Thursday, April 27th, we’ll hear from American Airlines AAL before the market opens. Heading into the release, American Airlines AAL is a Zacks Rank #2 (Buy) with an Earnings ESP Score of 85.7%.
|
Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Soon, on Thursday, April 27th, we’ll hear from American Airlines AAL before the market opens. Heading into the release, American Airlines AAL is a Zacks Rank #2 (Buy) with an Earnings ESP Score of 85.7%.
|
Soon, on Thursday, April 27th, we’ll hear from American Airlines AAL before the market opens. Heading into the release, American Airlines AAL is a Zacks Rank #2 (Buy) with an Earnings ESP Score of 85.7%. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
13270578-9856-4b21-a531-99ce5d1b4fa2
|
2643.0
|
2023-04-25 00:00:00 UTC
|
VeriSign (VRSN) to Report Q1 Earnings: What's in Store?
|
AAL
|
https://www.nasdaq.com/articles/verisign-vrsn-to-report-q1-earnings%3A-whats-in-store
|
nan
|
nan
|
VeriSign, Inc VRSN is set to report first-quarter 2023 results on Apr 27, after the closing bell.
The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at $1.64 per share and $371.2 million, suggesting increases of 14.5% and 7%, respectively, from the year-ago quarter’s reported figures.
The company’s earnings beat the consensus estimate in all the last four quarters, the average beat being 4%.
VeriSign, Inc. Price and EPS Surprise
VeriSign, Inc. price-eps-surprise | VeriSign, Inc. Quote
Factors to Note
VeriSign’s first-quarter earnings are expected to have benefited from continued healthy growth across .com and .net domain name registrations. It is expected to have gained from growing Internet consumption globally. The company’s efforts to expand its critical infrastructure to tap the growing demand for DNS navigation services in industries like commerce, education and healthcare bode well.
VRSN ended fourth-quarter 2022 with 173.8 million .com and .net domain name registrations, up 0.2% year over year.
However, VeriSign’s new units’ growth is likely to have been affected by several factors including lower first-time renewal rates, unfavorable year-over-year comparisons, uncertainty related to global macroeconomic conditions and relative weakness in registrations from China.
In the last reported quarter, the company processed 9.7 million new domain name registrations for .com and .net compared with 10.6 million in the year-ago quarter.
Also, escalating operating expenses related to cybersecurity and infrastructure spending are likely to have weighed on the company’s first-quarter operating margin on a year-over-year basis.
What Does the Zacks Model Say?
Our proven model does not conclusively predict an earnings beat for VeriSign this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
VRSN has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter.
Meta Platforms META has an Earnings ESP of +11.23% and currently flaunts a Zacks Rank of 1. META is set to announce quarterly figures on Apr 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Meta’s to-be-reported quarter’s earnings and revenues is pegged at $1.96 per share and $27.49 billion, respectively. Shares of META are up 17.5% in the past year.
Colgate-Palmolive Company CL has an Earnings ESP of +1.43% and presently carries a Zacks Rank #2. CL is slated to release quarterly numbers on Apr 28.
The Zacks Consensus Estimate for CL’s to-be-reported quarter’s earnings and revenues is pegged at 70 cents per share and $4.62 billion, respectively. Shares of CL are down 3.3% in the past year.
American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2. AAL is scheduled to report quarterly earnings on Apr 27.
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively. Shares of AAL are down 29.2% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
VeriSign, Inc. (VRSN) : Free Stock Analysis Report
Colgate-Palmolive Company (CL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : 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.
|
American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2. AAL is scheduled to report quarterly earnings on Apr 27. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively.
|
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively. Click to get this free report VeriSign, Inc. (VRSN) : Free Stock Analysis Report Colgate-Palmolive Company (CL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2.
|
Click to get this free report VeriSign, Inc. (VRSN) : Free Stock Analysis Report Colgate-Palmolive Company (CL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2. AAL is scheduled to report quarterly earnings on Apr 27.
|
AAL is scheduled to report quarterly earnings on Apr 27. American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively.
|
d2d4708a-ad21-4e2e-af07-b57eb920096d
|
2644.0
|
2023-04-25 00:00:00 UTC
|
Anglo American's first-quarter copper output rises 28%
|
AAL
|
https://www.nasdaq.com/articles/anglo-americans-first-quarter-copper-output-rises-28
|
nan
|
nan
|
Adds detail
LONDON, April 25 (Reuters) - Anglo American's AAL.L overall first-quarter production rose 9%, helped by strong copper output from the ramp-up of its Quellaveco mine in Peru and improvement in its steelmaking coal operations, it said on Tuesday.
The London-listed miner said it produced 178,000 tonnes of copper in the quarter to March, 28% higher than a year ago, and reported a 59% jump in steelmaking coal output to 3.5 million tonnes.
Rough diamond production via its global giant De Beers, however, remained flat at 8.9 million carats over the period, partly due to the transition of its Venetia mine in South Africa from open pit to a new underground section.
De Beers jointly owns Africa's largest diamond producer Debswana with Botswana, although the country is exploring other options outside their 54 year-old partnership.
The two partners are currently in talks to renew a 2011 sales and marketing agreement which entitles De Beers to 75% of the production from Debswana.
(Reporting by Clara Denina and Muhammed Husain; Editing by Dhanya Ann Thoppil, Kirsten Donovan)
((Clara.Denina@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Adds detail LONDON, April 25 (Reuters) - Anglo American's AAL.L overall first-quarter production rose 9%, helped by strong copper output from the ramp-up of its Quellaveco mine in Peru and improvement in its steelmaking coal operations, it said on Tuesday. Rough diamond production via its global giant De Beers, however, remained flat at 8.9 million carats over the period, partly due to the transition of its Venetia mine in South Africa from open pit to a new underground section. De Beers jointly owns Africa's largest diamond producer Debswana with Botswana, although the country is exploring other options outside their 54 year-old partnership.
|
Adds detail LONDON, April 25 (Reuters) - Anglo American's AAL.L overall first-quarter production rose 9%, helped by strong copper output from the ramp-up of its Quellaveco mine in Peru and improvement in its steelmaking coal operations, it said on Tuesday. The London-listed miner said it produced 178,000 tonnes of copper in the quarter to March, 28% higher than a year ago, and reported a 59% jump in steelmaking coal output to 3.5 million tonnes. De Beers jointly owns Africa's largest diamond producer Debswana with Botswana, although the country is exploring other options outside their 54 year-old partnership.
|
Adds detail LONDON, April 25 (Reuters) - Anglo American's AAL.L overall first-quarter production rose 9%, helped by strong copper output from the ramp-up of its Quellaveco mine in Peru and improvement in its steelmaking coal operations, it said on Tuesday. The London-listed miner said it produced 178,000 tonnes of copper in the quarter to March, 28% higher than a year ago, and reported a 59% jump in steelmaking coal output to 3.5 million tonnes. Rough diamond production via its global giant De Beers, however, remained flat at 8.9 million carats over the period, partly due to the transition of its Venetia mine in South Africa from open pit to a new underground section.
|
Adds detail LONDON, April 25 (Reuters) - Anglo American's AAL.L overall first-quarter production rose 9%, helped by strong copper output from the ramp-up of its Quellaveco mine in Peru and improvement in its steelmaking coal operations, it said on Tuesday. The London-listed miner said it produced 178,000 tonnes of copper in the quarter to March, 28% higher than a year ago, and reported a 59% jump in steelmaking coal output to 3.5 million tonnes. Rough diamond production via its global giant De Beers, however, remained flat at 8.9 million carats over the period, partly due to the transition of its Venetia mine in South Africa from open pit to a new underground section.
|
828ad357-3e0e-4cc1-8690-18da4095b2bd
|
2645.0
|
2023-04-25 00:00:00 UTC
|
Anglo American's first-quarter copper output rises
|
AAL
|
https://www.nasdaq.com/articles/anglo-americans-first-quarter-copper-output-rises
|
nan
|
nan
|
April 25 (Reuters) - Anglo American AAL.L said on Tuesday its first-quarter production rose 9%, helped by the strong output from its Quellaveco copper mine in Peru and improvement in its steelmaking coal longwall operations.
The London-listed miner said it produced 178,000 tonnes of copper in the quarter that ended March 31, 28% higher than a year ago, and reported a 59% jump in steelmaking coal output to 3.5 million tonnes.
(Reporting by Muhammed Husain in Bengaluru; Editing by Dhanya Ann Thoppil)
((Muhammed.Husain@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
April 25 (Reuters) - Anglo American AAL.L said on Tuesday its first-quarter production rose 9%, helped by the strong output from its Quellaveco copper mine in Peru and improvement in its steelmaking coal longwall operations. The London-listed miner said it produced 178,000 tonnes of copper in the quarter that ended March 31, 28% higher than a year ago, and reported a 59% jump in steelmaking coal output to 3.5 million tonnes. (Reporting by Muhammed Husain in Bengaluru; Editing by Dhanya Ann Thoppil) ((Muhammed.Husain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
April 25 (Reuters) - Anglo American AAL.L said on Tuesday its first-quarter production rose 9%, helped by the strong output from its Quellaveco copper mine in Peru and improvement in its steelmaking coal longwall operations. The London-listed miner said it produced 178,000 tonnes of copper in the quarter that ended March 31, 28% higher than a year ago, and reported a 59% jump in steelmaking coal output to 3.5 million tonnes. (Reporting by Muhammed Husain in Bengaluru; Editing by Dhanya Ann Thoppil) ((Muhammed.Husain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
April 25 (Reuters) - Anglo American AAL.L said on Tuesday its first-quarter production rose 9%, helped by the strong output from its Quellaveco copper mine in Peru and improvement in its steelmaking coal longwall operations. The London-listed miner said it produced 178,000 tonnes of copper in the quarter that ended March 31, 28% higher than a year ago, and reported a 59% jump in steelmaking coal output to 3.5 million tonnes. (Reporting by Muhammed Husain in Bengaluru; Editing by Dhanya Ann Thoppil) ((Muhammed.Husain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
April 25 (Reuters) - Anglo American AAL.L said on Tuesday its first-quarter production rose 9%, helped by the strong output from its Quellaveco copper mine in Peru and improvement in its steelmaking coal longwall operations. The London-listed miner said it produced 178,000 tonnes of copper in the quarter that ended March 31, 28% higher than a year ago, and reported a 59% jump in steelmaking coal output to 3.5 million tonnes. (Reporting by Muhammed Husain in Bengaluru; Editing by Dhanya Ann Thoppil) ((Muhammed.Husain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
27231b7d-885d-4bd8-91b5-1966af268e41
|
2646.0
|
2023-04-24 00:00:00 UTC
|
What's in Store for Southwest Airlines (LUV) in Q1 Earnings?
|
AAL
|
https://www.nasdaq.com/articles/whats-in-store-for-southwest-airlines-luv-in-q1-earnings
|
nan
|
nan
|
Southwest Airlines Co. (LUV) is scheduled to report first-quarter 2023 results on Apr 26, after market close.
Southwest Airlines has missed the Zacks Consensus Estimate in one of the preceding four quarters, the average miss being 281.93%. However, the company has outperformed the Zacks Consensus Estimate in the remaining three quarters.
Let’s see how things have shaped up for Southwest Airlines this earnings season.
Q1 Expectations
The Zacks Consensus Estimate for LUV’s first-quarter 2023 revenues is pegged at $5.74 billion, indicating 22.28% year-over-year growth. The top line is likely to have been aided by a solid recovery in domestic and leisure air-travel demand and an improvement in passenger revenues.
For first-quarter 2023, operating revenues are now expected to rise in the 21-23% range compared with 20-24% year-over-year growth estimated earlier. Available seat miles are still estimated to improve 10% from the year-ago reported figure.
However, LUV continues to expect a negative revenue impact in the $300-$350 million band in first-quarter 2023, primarily limited to January and February, due to operational disruptions in December 2022.
Southwest Airlines’ management expects to incur a loss in the first quarter mainly due to high costs. Economic fuel costs per gallon are now expected to be in the $3.1-$3.2 range (earlier expectation: $3.25-$3.35). LUV now expects cost per available seat miles, excluding fuel, oil and profit-sharing expenses, and special items, to increase 5.5-6.5% in the first quarter from the comparable period in 2022 (earlier expectation was in the 2-4% range). Approximately 50% of the increase is due to the rise in expenses pertaining to the December 2022 operational disruptions. Interest expenses are still expected to be $65 million in the first quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Southwest Airlines this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Southwest Airlines has an Earnings ESP of -14.69% and a Zacks Rank #3.
Highlights of Q4
Southwest Airlines reported fourth-quarter 2022 loss of 38 cents per share, wider than the Zacks Consensus Estimate of a loss of 3 cents. In the year-ago reported quarter, LUV had reported earnings of 14 cents per share.
Operational disruptions in late December resulted in more than 16,700 flight cancelations. As a result, LUV had to bear a fourth-quarter pre-tax negative impact of $800 million (or almost $620 million on an after-tax basis), which led to a fourth-quarter 2022 net loss.
Revenues of $6,172 million lagged the Zacks Consensus Estimate of $6,270.9 million but improved 22.2% year over year.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their first-quarter 2023 earnings.
Copa Holdings, S.A. (CPA) has an Earnings ESP of +19.57% and a Zacks Rank #1. CPA will release results on May 10. You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of more than 100% for the first quarter. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s first-quarter earnings has improved 6.1% over the past 60 days.
American Airlines (AAL) has an Earnings ESP of +85.71% and a Zacks Rank #2. AAL will release results on Apr 27.
AAL has an expected earnings growth rate of more than 100% for the first quarter. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s first-quarter earnings has improved more than 100% over the past 60 days.
Canadian National Railway Company CNI has an Earnings ESP of +0.86% and a Zacks Rank #3. CNI will release results on Apr 24.
CNI has an expected earnings growth rate of 21.15% for the first quarter. CNI delivered a trailing four-quarter earnings surprise of 3.46%, on average.
CNI has a long-term earnings growth rate of 7.72%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
Canadian National Railway Company (CNI) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis 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.
|
American Airlines (AAL) has an Earnings ESP of +85.71% and a Zacks Rank #2. AAL will release results on Apr 27. AAL has an expected earnings growth rate of more than 100% for the first quarter.
|
Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report Canadian National Railway Company (CNI) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) has an Earnings ESP of +85.71% and a Zacks Rank #2. AAL will release results on Apr 27.
|
The Zacks Consensus Estimate for AAL’s first-quarter earnings has improved more than 100% over the past 60 days. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report Canadian National Railway Company (CNI) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) has an Earnings ESP of +85.71% and a Zacks Rank #2.
|
American Airlines (AAL) has an Earnings ESP of +85.71% and a Zacks Rank #2. AAL will release results on Apr 27. AAL has an expected earnings growth rate of more than 100% for the first quarter.
|
2f1177b9-45c8-4cd2-add3-86ffe7f4fb90
|
2647.0
|
2023-04-24 00:00:00 UTC
|
Wolfspeed (WOLF) to Report Q3 Earnings: What's in Store?
|
AAL
|
https://www.nasdaq.com/articles/wolfspeed-wolf-to-report-q3-earnings%3A-whats-in-store
|
nan
|
nan
|
Wolfspeed WOLF is scheduled to report third-quarter fiscal 2023 results on Apr 26.
Wolfspeed’s third-quarter fiscal 2023 revenues are expected to be between $210 million and $230 million. Loss is anticipated to be in the range of 12-16 cents per share.
The Zacks Consensus Estimate for revenues is pegged at $218.5 million, suggesting an increase of 16.2% from the year-ago quarter’s reported number.
The consensus mark for third-quarter fiscal 2023 loss is pegged at 15 cents per share. Wolfspeed incurred a loss of 12 cents per share in the year-ago quarter.
Wolfspeed beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average surprise being 33.9%.
Wolfspeed Price and EPS Surprise
Wolfspeed price-eps-surprise | Wolfspeed Quote
Factors to Note
Wolfspeed has been benefiting from a strong pipeline of design-ins across a wide range of applications, including automotive, industrial and energy end markets in the quarter under review.
Further, strong demand for merchant and captive materials is likely to have favored the company in the to-be-reported quarter.
Moreover, Wolfspeed’s top-line growth is expected to have benefited from strong power devices and material product lines.
The gross margin is expected to have improved due to continued improvements in power device and material product lines supply execution. Wolfspeed expects non-GAAP gross margin between 32% and 34%. The same was 33.6% in the year-ago quarter.
However, softness in RF products demand because of secular headwinds and a recession-related pullback in 5G demand are expected to have acted as headwinds for the company in the fiscal third quarter.
Wolfspeed expects fiscal third-quarter non-GAAP operating loss to be between $22 million and $30 million. WOLF reported an operating loss of $35.5 million in the year-ago quarter.
Further, rising supply chain constraints due to geopolitical tensions and higher inflationary costs are likely to have negatively impacted its overall performance in the to-be-reported quarter.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Wolfspeed currently has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
American Airlines AAL has an Earnings ESP of +85.71% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines shares have fallen 32.9% in the past year. AAL is set to report its first-quarter 2023 results on Apr 27.
CNO Financial Group CNO has an Earnings ESP of +5.65% and a Zacks Rank #1.
CNO Financial Group shares have declined 12% in the past year. CNO is set to report its first-quarter 2023 results on May 1.
Asbury Automotive Group ABG has an Earnings ESP of +1.39% and a Zacks Rank #1.
Asbury Automotive shares have gained 23.3% in the past year. ABG is set to report its first-quarter 2023 results on Apr 25.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report
Wolfspeed (WOLF) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG) : 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.
|
American Airlines AAL has an Earnings ESP of +85.71% and a Zacks Rank #2. AAL is set to report its first-quarter 2023 results on Apr 27. Click to get this free report CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report Wolfspeed (WOLF) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report Wolfspeed (WOLF) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL has an Earnings ESP of +85.71% and a Zacks Rank #2. AAL is set to report its first-quarter 2023 results on Apr 27.
|
Click to get this free report CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report Wolfspeed (WOLF) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL has an Earnings ESP of +85.71% and a Zacks Rank #2. AAL is set to report its first-quarter 2023 results on Apr 27.
|
Click to get this free report CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report Wolfspeed (WOLF) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL has an Earnings ESP of +85.71% and a Zacks Rank #2. AAL is set to report its first-quarter 2023 results on Apr 27.
|
2ab7cbdc-6f69-44b7-a0df-4f2d601437c3
|
2648.0
|
2023-04-24 00:00:00 UTC
|
What's in the Cards for Expeditors (EXPD) in Q1 Earnings?
|
AAL
|
https://www.nasdaq.com/articles/whats-in-the-cards-for-expeditors-expd-in-q1-earnings
|
nan
|
nan
|
Expeditors International of Washington EXPD is scheduled to report first-quarter 2023 results on May 2, before market open.
The Zacks Consensus Estimate for EXPD’s first-quarter 2023 earnings has been revised downward by 10.5% in the past 60 days. However, the company has an impressive earnings surprise history, having surpassed the consensus estimate in three of the preceding four quarters (missed once). The average beat being 5.7%.
Given this backdrop, lets unearth the reasons which are likely to have influenced Expeditors’ first-quarter 2023 earnings.
Expeditors International of Washington, Inc. Price and EPS Surprise
Expeditors International of Washington, Inc. price-eps-surprise | Expeditors International of Washington, Inc. Quote
We expect supply-chain woes to have hurt Expeditors’ performance in the quarter under review. The Zacks Consensus Estimate for revenues in the Airfreight Services, and Ocean Freight and Ocean Services segments is pegged at $971 million and $1.01 billion, indicating declines of 39.3% and 48.7%, respectively, from the year-ago quarter’s reported numbers.
Moreover, airfreight tonnage volume and ocean container volume might have also negatively impacted EXPD’s performance in the quarter to be reported. Our estimate for total revenues indicates a decline of 33.5% year over year. However, the Zacks Consensus Estimate for Customs Brokerage and Other Services’ revenues is pegged at $1.1 billion, indicating a negligible rise from the prior-year-quarter reported number.
Higher capital expenses might have also hurt the bottom line. We expect first-quarter 2023 earnings to decline 34.2% year over year despite EXPD’s cost-cutting initiatives.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Expeditors this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Expeditors has an Earnings ESP of -0.37% and a Zacks Rank #3.
Highlights of Q4
Expeditors' fourth-quarter 2022 earnings of $1.38 per share missed the Zacks Consensus Estimate of $2.09 and dipped 48% year over year. Total revenues of $3,441.52 million lagged the consensus estimate of $4,173.4 million and decreased 36% year over year.
Stocks to Consider
Here we present some stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
American Airlines Group Inc. AAL has an Earnings ESP of +85.71% and carries a Zacks Rank #2. It will release first-quarter 2023 results on Apr 27.
The company delivered a trailing four-quarter earnings surprise of 7.8%, on average. The Zacks Consensus Estimate for AAL’s first-quarter 2023 earnings has surged 101.3% year over year.
Copa Holdings CPA has an Earnings ESP of +19.57% and sports a Zacks Rank #1. It will release first-quarter 2023 results on May 10. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CPA’s first-quarter 2023 earnings has improved more than 100% year over year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Expeditors International of Washington, Inc. (EXPD) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis 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.
|
American Airlines Group Inc. AAL has an Earnings ESP of +85.71% and carries a Zacks Rank #2. The Zacks Consensus Estimate for AAL’s first-quarter 2023 earnings has surged 101.3% year over year. Click to get this free report Expeditors International of Washington, Inc. (EXPD) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report Expeditors International of Washington, Inc. (EXPD) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc. AAL has an Earnings ESP of +85.71% and carries a Zacks Rank #2. The Zacks Consensus Estimate for AAL’s first-quarter 2023 earnings has surged 101.3% year over year.
|
The Zacks Consensus Estimate for AAL’s first-quarter 2023 earnings has surged 101.3% year over year. Click to get this free report Expeditors International of Washington, Inc. (EXPD) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc. AAL has an Earnings ESP of +85.71% and carries a Zacks Rank #2.
|
The Zacks Consensus Estimate for AAL’s first-quarter 2023 earnings has surged 101.3% year over year. American Airlines Group Inc. AAL has an Earnings ESP of +85.71% and carries a Zacks Rank #2. Click to get this free report Expeditors International of Washington, Inc. (EXPD) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
a7b4d523-d769-45de-b905-9585f083a5f1
|
2649.0
|
2023-04-24 00:00:00 UTC
|
Plexus Corp (PLXS) to Post Q2 Earnings: What's in Store?
|
AAL
|
https://www.nasdaq.com/articles/plexus-corp-plxs-to-post-q2-earnings%3A-whats-in-store
|
nan
|
nan
|
Plexus Corp PLXS is slated to report second-quarter 2023 results on Apr 26.
The Zacks Consensus Estimate for second-quarter revenues is pegged at $1.05 billion, which suggests growth of 17.9% from the year-ago quarter’s reported figure. The consensus mark for earnings is pegged at $1.16 per share, indicating a year-over-year increase of 22.1%.
The company’s earnings beat the Zacks Consensus Estimate in all the last four quarters. It has a trailing four-quarter earnings surprise of 19%, on average.
For second-quarter fiscal 2023, the company projects revenues between $1.02 billion and $1.07 billion. GAAP earnings are expected in the range of $1.06-$1.24 per share, including 21 cents of stock-based compensation expenses.
Plexus Corp. Price and EPS Surprise
Plexus Corp. price-eps-surprise | Plexus Corp. Quote
Factors to Note
Plexus’s performance in the fiscal second quarter is likely to have benefited from new manufacturing contract wins. In the last reported quarter, the company won 29 manufacturing contracts worth $158 million in annualized revenues when fully ramped into production. Also, trailing four-quarter manufacturing wins totaled more than $885 million in annualized revenues.
The company’s Healthcare/Life Sciences business segment is expected to have benefited from rising demand for elective procedures and new program ramps. The company’s industrial segment is anticipated to have benefited from growing secular market trends in warehouse and factory automation. The company’s Aerospace and Defense market is likely to gain owing to rising demand for commercial aerospace.
The funnel of qualified manufacturing opportunities is expected to benefit from an extended decision-making cycle owing to macroeconomic and geopolitical uncertainties. Program cancelations within the funnel are normal coupled with strong program win rates. As a result, the company anticipates a notable rebound in its new program wins in the fiscal second quarter based on its current funnel visibility.
However, the company’s performance is likely to be affected due to weak semiconductor capital equipment demand and changes in the new program ramp schedule in the near term, coupled with supply-chain disruptions. Customer concentration risks and stiff competition are further concerns.
What Our Model Says
Our proven model does not predict an earnings beat for PLXS this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
PLXS has an Earnings ESP of 0.00% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some stocks you may consider, as our proven model shows that these have the right mix of elements to beat estimates this time around.
Meta Platforms META has an Earnings ESP of +11.23% and currently flaunts a Zacks Rank of 1. META is set to announce quarterly figures on Apr 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Meta’s to-be-reported quarter’s earnings and revenues is pegged at $1.96 per share and $27.49 billion, respectively. Shares of META are up 13.8% in the past year.
American Airlines AAL has an Earnings ESP of +85.71% and currently carries a Zacks Rank of 2. AAL is set to announce quarterly figures on Apr 27.
The Zacks Consensus Estimate for American Airlines’ to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.3 billion, respectively. Shares of AAL are down 32.9% in the past year.
Cloudflare NET has an Earnings ESP of +12.50% and currently carries a Zacks Rank of 2. NET is set to announce quarterly figures on Apr 27.
The Zacks Consensus Estimate for Cloudflare’s to-be-reported quarter’s earnings and revenues is pegged at 4 cents per share and $291 million, respectively. Shares of NET are down 36.4% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Plexus Corp. (PLXS) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Cloudflare, Inc. (NET) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : 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.
|
American Airlines AAL has an Earnings ESP of +85.71% and currently carries a Zacks Rank of 2. AAL is set to announce quarterly figures on Apr 27. Shares of AAL are down 32.9% in the past year.
|
Click to get this free report Plexus Corp. (PLXS) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Cloudflare, Inc. (NET) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL has an Earnings ESP of +85.71% and currently carries a Zacks Rank of 2. AAL is set to announce quarterly figures on Apr 27.
|
Click to get this free report Plexus Corp. (PLXS) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Cloudflare, Inc. (NET) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL has an Earnings ESP of +85.71% and currently carries a Zacks Rank of 2. AAL is set to announce quarterly figures on Apr 27.
|
American Airlines AAL has an Earnings ESP of +85.71% and currently carries a Zacks Rank of 2. AAL is set to announce quarterly figures on Apr 27. Shares of AAL are down 32.9% in the past year.
|
c20f8f4e-b63c-4e82-8cb1-32dbffd26b53
|
2650.0
|
2023-04-24 00:00:00 UTC
|
PTC Set to Report Q2 Earnings: Here's What You Should Know
|
AAL
|
https://www.nasdaq.com/articles/ptc-set-to-report-q2-earnings%3A-heres-what-you-should-know
|
nan
|
nan
|
PTC Inc PTC is slated to report second-quarter fiscal 2023 results on Apr 26.
The Zacks Consensus Estimate for revenues is pegged at $538.4 million, suggesting growth of 6.6% from the year-ago quarter’s reported figure. The consensus estimate for earnings is pegged at $1.07 per share, indicating a year-over-year decrease of 23%.
The company has a trailing four-quarter earnings surprise of 6.6%, on average.
PTC reported first-quarter fiscal 2023 non-GAAP earnings of 99 cents per share, up 4% on a year-over-year basis. However, the figure lagged the Zacks Consensus Estimate by 2%. Revenues were $466 million, up 2% year over year (up 9% at constant currency or cc). The top line beat the consensus estimate by 0.4%.
PTC Inc. Price and EPS Surprise
PTC Inc. price-eps-surprise | PTC Inc. Quote
Factors to Consider
Strong demand for products, especially digital transformation and software-as-a-service or SaaS, across all segments and regions is expected to have driven the revenue performance in the to-be-reported quarter. A solid uptick in demand for Creo, Windchill platforms and ThingWorx DPM is likely to have acted as a tailwind
Strength in the industrial Internet of Things solutions, and solid demand for product lifecycle management (PLM) and computer-aided design (CAD) offerings are expected to have contributed to PTC’s fiscal second-quarter top line.
Subscription-centric model and disciplined operational management are expected to have favored top-line growth in the quarter. The company has been slowing down hiring as well as backfills.
Synergies from the recent acquisitions of ServiceMax and Codebeamer are likely to have aided the company's performance. In January 2023, PTC completed the acquisition of cloud-based field service management (FSM) software company – ServiceMax for $1.46 billion. The company expects the integration of ServiceMax to strengthen its closed loop PLM solutions by providing enterprise asset management and FSM companies with monitoring and servicing product record after the product moves into customer use.
For the fiscal second quarter, PTC expects annualized recurring revenues or ARR to be between $1.790 billion and $1.810 billion. Cash from operations is projected to be $205 million and free cash flow is forecast to be $200 million.
However, unfavorable forex movement, inflation and challenging global macroeconomic environment are expected to have weighed on the company’s performance. Also, increasing research and development costs to fend off competition are likely to have acted as headwinds.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for PTC this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
PTC has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Meta Platforms META has an Earnings ESP of +11.23% and currently flaunts a Zacks Rank of 1. META is set to announce quarterly figures on Apr 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Meta’s to-be-reported quarter’s earnings and revenues is pegged at $1.96 per share and $27.49 billion, respectively. Shares of META are up 13.8% in the past year.
Spotify Technology SPOT has an Earnings ESP of +24.28% and presently carries a Zacks Rank #2. SPOT is slated to release quarterly numbers on Apr 25.
The Zacks Consensus Estimate is pegged at a loss of $1.04 per share and $3.37 billion for revenues, respectively. Shares of SPOT are up 19.3% in the past year.
American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2. AAL is scheduled to report quarterly earnings on Apr 27.
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively. Shares of AAL are down 32.9% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
PTC Inc. (PTC) : Free Stock Analysis Report
Spotify Technology (SPOT) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : 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.
|
American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2. AAL is scheduled to report quarterly earnings on Apr 27. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively.
|
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report PTC Inc. (PTC) : Free Stock Analysis Report Spotify Technology (SPOT) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2.
|
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report PTC Inc. (PTC) : Free Stock Analysis Report Spotify Technology (SPOT) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2.
|
American Airlines Group AAL has an Earnings ESP of +85.71% and currently has a Zacks Rank #2. AAL is scheduled to report quarterly earnings on Apr 27. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 3 cents per share and $12.25 billion, respectively.
|
2476a61a-f2ae-4222-96bc-785f7b2d4478
|
2651.0
|
2023-04-24 00:00:00 UTC
|
Indigenous woman wins prize for campaign against mining firms in Amazon
|
AAL
|
https://www.nasdaq.com/articles/indigenous-woman-wins-prize-for-campaign-against-mining-firms-in-amazon
|
nan
|
nan
|
By Anthony Boadle
BRASILIA, April 24 (Reuters) - Alessandra Korap Munduruku, who headed a campaign that led mining corporations to respect her people's Indigenous territory in the Amazon rainforest, has been awarded the Goldman Environmental Prize.
She is among six 2023 winners from different parts of the globe to win the prize for achievements and leadership of grassroots environmental activists awarded by the San Francisco-based Goldman Foundation.
In May 2021, Anglo American AAL.L agreed to withdraw 27 approved research applications to mine on indigenous lands, according to the foundation, including Alessandra Munduruku's Sawré Muybu territory on 400,000 acres of rainforest on the Tapajos River.
"The prize recognizes our struggle and tells the world 'We are here'. Multinational companies cannot come in without consulting Indigenous people," she told Reuters by telephone.
Anglo American did not immediately reply to a request for comment.
The Goldman Foundation said the company told the Brazilian government at the time that they were dropping prospecting requests due to concerns raised by Indigenous communities.
"Alessandra's successful campaign represents a significant shift in private sector accountability around destructive mining in Brazil amid an intense government push for extraction in the Amazon," the foundation said in a statement.
Following Anglo American's decision, other major mining companies announced they were also dropping prospecting permits on indigenous lands in Brazil, the foundation said, a fact corroborated by the Brazilian mining lobby Ibram.
In 2022, for the first time in decades, none of its 130 companies had mining applications in indigenous territories, a spokesman for Ibram said.
What made her campaign more remarkable was achieving its goal during the administration of far-right President Jair Bolsonaro, who reduced environmental protections and advocated allowing commercial mining and agriculture on Indigenous lands.
International mining companies have stopped prospecting on Munduruku lands, but Alessandra said her people still face the threat of illegal gold miners who invaded her territory in growing numbers under Bolsonaro, while destruction of the Amazon rainforest soared to the worst level in 15 years.
Her Sawré Muybu territory remains under threat from miners because it has still not been formally recognized as an Indigenous reservation. She called on the new leftist government of President Luiz Inacio Lula da Silva to do so urgently.
Alessandra, 38, will use the prize money to finish her university studies to become a lawyer.
The Goldman Environmental Prize https://www.youtube.com/channel/UCCAvkv3P4XMajIm3tymLsaw
(Reporting by Anthony Boadle; Editing by David Gregorio)
((anthony.boadle@thomsonreuters.com; +55 61 98204-1110 ; Reuters Messaging: https://twitter.com/anthonyboadle))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In May 2021, Anglo American AAL.L agreed to withdraw 27 approved research applications to mine on indigenous lands, according to the foundation, including Alessandra Munduruku's Sawré Muybu territory on 400,000 acres of rainforest on the Tapajos River. By Anthony Boadle BRASILIA, April 24 (Reuters) - Alessandra Korap Munduruku, who headed a campaign that led mining corporations to respect her people's Indigenous territory in the Amazon rainforest, has been awarded the Goldman Environmental Prize. International mining companies have stopped prospecting on Munduruku lands, but Alessandra said her people still face the threat of illegal gold miners who invaded her territory in growing numbers under Bolsonaro, while destruction of the Amazon rainforest soared to the worst level in 15 years.
|
In May 2021, Anglo American AAL.L agreed to withdraw 27 approved research applications to mine on indigenous lands, according to the foundation, including Alessandra Munduruku's Sawré Muybu territory on 400,000 acres of rainforest on the Tapajos River. By Anthony Boadle BRASILIA, April 24 (Reuters) - Alessandra Korap Munduruku, who headed a campaign that led mining corporations to respect her people's Indigenous territory in the Amazon rainforest, has been awarded the Goldman Environmental Prize. The Goldman Foundation said the company told the Brazilian government at the time that they were dropping prospecting requests due to concerns raised by Indigenous communities.
|
In May 2021, Anglo American AAL.L agreed to withdraw 27 approved research applications to mine on indigenous lands, according to the foundation, including Alessandra Munduruku's Sawré Muybu territory on 400,000 acres of rainforest on the Tapajos River. By Anthony Boadle BRASILIA, April 24 (Reuters) - Alessandra Korap Munduruku, who headed a campaign that led mining corporations to respect her people's Indigenous territory in the Amazon rainforest, has been awarded the Goldman Environmental Prize. Following Anglo American's decision, other major mining companies announced they were also dropping prospecting permits on indigenous lands in Brazil, the foundation said, a fact corroborated by the Brazilian mining lobby Ibram.
|
In May 2021, Anglo American AAL.L agreed to withdraw 27 approved research applications to mine on indigenous lands, according to the foundation, including Alessandra Munduruku's Sawré Muybu territory on 400,000 acres of rainforest on the Tapajos River. By Anthony Boadle BRASILIA, April 24 (Reuters) - Alessandra Korap Munduruku, who headed a campaign that led mining corporations to respect her people's Indigenous territory in the Amazon rainforest, has been awarded the Goldman Environmental Prize. The Goldman Foundation said the company told the Brazilian government at the time that they were dropping prospecting requests due to concerns raised by Indigenous communities.
|
d565178d-aed4-4957-a4af-3a3df2745e18
|
2652.0
|
2023-04-24 00:00:00 UTC
|
Wall Street Headlines and a Closer Look at the Business of Movies
|
AAL
|
https://www.nasdaq.com/articles/wall-street-headlines-and-a-closer-look-at-the-business-of-movies
|
nan
|
nan
|
In this podcast, Motley Fool senior analysts Jason Moser and Matt Argersinger discuss:
How the current macro environment is what the Fed was aiming for.
JPMorgan Chase and Wells Fargo starting earnings season in a strong way.
Boeing's latest production challenge.
Key takeaways from Andy Jassy's letter to Amazon shareholders.
Warner Bros. Discovery's confusing rebrand of HBO Max.
Two stocks on their radar: Airbnb and T. Rowe Price.
Motley Fool senior analyst Tim Beyers weighs in on how board games and video games are finding success on the big screen, the future of movie theaters, and why "YouTube has an uncommon amount of power right now."
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
10 stocks we like better than Walmart
When our analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
Stock Advisor returns as of April 10, 2023
This video was recorded on April 14, 2023.
Chris Hill: It's the Motley Fool Money radio show. I'm Chris Hill. Joining me in studio, Motley Fool senior analysts Jason Moser and Matt Argersinger. Good to see you as always, gentlemen.
Matt Argersinger: Hi, Chris.
Jason Moser: [inaudible]
Chris Hill: We've got the latest headlines from Wall Street. We will take a closer look at the business of movies. As always, we've got a couple of stocks on our radar. But we begin with the big macro. The latest batch of data showed that inflation in the U.S. has hit its lowest level in almost two years. The Producer Price Index in March showed prices were 50% lower than in February and the Consumer Price Index showed an increase of just 0.1%. Matt, investors welcome the news, the S&P 500, hitting close to its highest point since last summer.
Matt Argersinger: I know and I think shouldn't the Fed be welcoming this news too? [laughs] This is what they wanted. Inflation is rolling over. Jobless claims are ticking up a little bit. We had retail sales on Friday morning that were lower by more than twice than what was expected. We know the credit markets have tightened up. Lending, particularly, I think from small and mid-sized banks is going to slow down if it isn't already. We know we've talked about big risks and the commercial real estate market. Even if you look at the minutes from the Fed's last meeting, they are actually now expecting the economy to enter a mild recession later this year. Isn't this what they were aiming for? I know we don't always want to tie this to what the Fed is going to do, but I think that's what we have to talk about because that's what the markets that some investors are focused on. All the evidence now is pointing to the fact that we probably hit this peak cycle of rates.
Chris Hill: You're absolutely right that this is not what we want to be focusing on, particularly here at the Motley Fool, where we focus on businesses. But it has been so important, particularly over the last 18 months, Jason. To Matt's point, yeah, I think that's part of the reaction that we saw this week in the market. Investors, both individual and on Wall Street's saying, OK, this is what they were gunning for in the first place.
Jason Moser: It's exactly right. It's weird to say this, but as an investor, I'm really pulling for a recession. Let's get there already. We've been talking about this for like a year and a half. There's the question maybe a year ago as to whether we were actually in a recession where we saw two consecutive quarters of contraction and that is what we typically use to define the recession. But there were other economic indicators that told us that maybe we weren't really there. Now we get the Fed calling for recession a little bit later this year. I've pointed this data out before on the show. I'll pointe it out again because I do think it matters. It's just a reminder that on average that stocks perform worse one year before the recession than actually during the recession. Then furthermore, for the two years following the recession, returns are actually positive 82% of the time. There is a light at the end of the tunnel. It's just, can we get there already?
Chris Hill: I agree. It's almost like, can you just look? Can you spot me recessions? Spot me 10% correction in the market. I'll take it right now. Let's get it all the medicine that we need, and we can move on with life, and stop talking about the Fed, and less about the big macro, and more about the big macro with the companies we follow.
Jason Moser: It's been a very difficult year and a half for investors. It's every day you're waking up and just like you're getting punched in the face before you can get out of bed. It feels like at some point the tide turns. I think everybody's looking for some good news or something to be a little bit more optimistic about. It feels like we're starting to get there.
Chris Hill: Well, let's get to a couple of companies then because some of the big banks kicked off earning season Friday morning. JPMorgan Chase and Wells Fargo both out with a first-quarter report. Wells Fargo's results were better than Wall Street expected. JPMorgan Chase, Jason, they probably beat their own expectations because JPMorgan Chase posted record revenue for the quarter which sent the stock up 7%.
Jason Moser: Yeah. I think this is the trend continues on from what we were even seeing last quarter. We're seeing these banks, they're taking a bit of a conservative approach. They're preparing for this potential downturn. They continue to boost reserves to account for that. They continue to see benefits from these rising rates as well. We're seeing net interest income play out very positively for for both of these reports. JPMorgan, net revenue just under $40 billion was up 25% from a year ago. Net interest income $20.8 billion. That was up 49% from a year ago. Clearly benefiting from these interest rate tailwinds. They built a net reserve up $1.1 billion. They do see, I think with the recession coming, credit is becoming a little bit tighter. They understand it's a little bit tougher for some folks to pay those bills and so they're building in a little bit of that reserve there. Benefiting from net inflows, now seeing assets under management of $3 trillion. This is really a bank you want to pay attention to. Last quarter we heard the line with Jamie Dimon last quarter preparing for a mild recession. This quarter that mild has been upgraded to moderate. They're looking down the pike here and see definitely these conditions deteriorating a little bit in the near term. But tangible book value now up 10%, $76.69. That puts the shares at 1.8 times tangible book value. Now that sounds like it might be a little expensive, but historically it's still actually not. Even with the performance of the stock, it actually could be worth a look for investors. I'm thinking he installed some confidence on the call. He did say that while these conditions are difficult to navigate, this is not anything like we saw back in 2008, 2009. That's encouraging, I think for investors.
Matt Argersinger: I think the big financials always kick off earning season and so that's where we're starting. I think here we expect the news to be mostly pretty good or at least not bad. This sets up the next week or two when we start to hit the regional banks and some of the smaller mid-sized banks. I think that's where I don't know if the rubber is going to hit the road in terms of how difficult conditions have become in the credit markets. Because we know the TBTF, the too-big-to-fail banks are going to be fine throughout this, but we know where the trauma potentially is the smaller banks. That's where I'm paying attention.
Jason Moser: I think too, when you look at Wells Fargo, we talked about opportunities in the sector. I do think there's plenty of opportunity out there in the regional side. But Wells Fargo continues, I think, to get their ducks in a row. This is a bank that's really come back to life. Revenue up 17% from a year ago. Net interest income up 45%. You remember Wells recently made the strategic decision to pull back from their mortgage business. That's what they were known for so long. They're seeing these lenders like Rocket Mortgage Loan Depot, saying, hey, listen, you guys take over that business. That's all right. We want to diversify a little bit, not be so levered to one particular part of the market. Granted, it's a very big part of the market. But it's starting to work out for them. They resumed their repurchase program. They bought four billion dollars back in shares over the quarter. With these shares now around 1.1 times tangible book, I think it still represents a pretty good opportunity for folks looking for exposure to that banking industry.
Chris Hill: I want to wrap this segment with something you just touched on, Matt, which is, what are you both going to be watching? Obviously, we've got earnings season really kicking into high gear over the next few weeks and everyone will have their particular companies that they're interested in. But is there a broader trend that you're watching over the next three months or so? Because it does seem to your point, Matt, the regional banks are going to be something to watch, and the data that we get from them, and the ripple effect for small businesses all over America.
Matt Argersinger: Yeah, that's right. I will start with the regional banks because I think next week, when I think of banks like M&T or Regions Financial, are going to report next week. These are some of the larger regional banks. That's where a lot of the commercial real estate lending, the C&I lending is happening, much so more concentrated than in the larger banks. I'm starting there, but then as I've talked about in the past, I think real estate investment trusts are, I'm really paying attention to those. Because if there's any kind of trauma that's happening in the credit markets, it seems like it's already happening in the real estate sector. Because you've seen rates over the past months, especially since the SVB fallout. They've fallen dramatically more than the rest of the market. I'm just very curious to see what some of those managers are saying about the environment.
Chris Hill: That's the second time he's used the word trauma. [laughs] I'm starting to get nervous over here. What do you want?
Jason Moser: Well, a couple of things: Trauma -- that's a bold word. But a couple of things. I'm looking at revenue growth. We saw Walmart recently with their Investor Day presentation. They're calling for tepid revenue growth here over the next five years. They're not really focused on revenue growth as much as they are focused on bringing things down to the bottom line. They expect earnings growth to well outpace revenue growth. I think in line with that too, well, let's pay attention to margins. Particularly when we talk about retail, we talked about consumer discretionary, let's see what kind of pricing these companies continue to maintain. I think margins will tell us a lot.
Chris Hill: Well, and particularly when you think about not just in the last quarter, but really over the last six to 12 months, so much of what we've heard from retailers, major ones like Walmart, specialty retailers like Home Depot and Lowe's, so much of their story over the past 6-12 months has not been about traffic. It's been about the price increases in the stores. If we're now in this environment where prices are coming down, you can look back and say, well it's fine that Home Depot and Lowe's, these major retailers, they're not getting people through the door because the people who are coming in are spending more money. Well, if prices are coming down, you're going to have to get more people in the door.
Jason Moser: I mean, we'd love small caps to those growth ideas, but it really does. Times like these really do shine a light on the competitive advantage that scale gives you. When you look at those Walmarts, and those Targets, and Home Depots of the world, they may not be the most exciting ideas, but I think we're going to see over the course of the next several years here. These are going to be businesses that really prosper because they are able to bring so many of those efficiencies down the bottom line.
Chris Hill: After the break, we've got a new brand to consider. It's not as historically bad as trunk, but the early reviews are not good. Details coming up so stay right here. You're listening to Motley Fool Money.
Welcome back to Motley Fool Money. Chris Hill here in studio with Jason Moser and Matt Argersinger. Shares of Boeing fell 6% on Friday after the company warned it will have to reduce deliveries of its 737 MAX airplane. Boeing has run into a production problem with one of its parts suppliers, 737 MAX is Boeing's most popular model of aircraft, particularly with customers like Southwest Airlines and American Airlines, Matt.
Matt Argersinger: It's big deal, and you mentioned Boeing's down 6% while Spirit AeroSystems, which is the supplier in question, they're down about 20% last I checked. They're facing issues. This is a big deal. You mentioned the 737 MAX being their most popular model. In fact, in 2022, the 737 overall series accounted for 80% of Boeing's deliveries and in fact, last quarter you mentioned Southwest and American, but they got an order from United Airlines for 137 MAX aircrafts. They just gotten their supply chain situation figured out. We've see a trauma again, the trauma in the supply chain side, I should stop using it, but that's been a big deal for them. They finally got that sorted out and then they run into this issue. It just shows you again how sensitive in a way that a lot of these supplier numbers can be if you have one and especially on an aircraft that has a million parts. One or two parts aren't available or aren't up to quality. It can cause a big chain reaction throughout the supply system.
Chris Hill: On Thursday, Amazon CEO Andy Jassy published his second annual letter to shareholders. In the letter, Jassy addressed the recent challenges facing the company, the multiple rounds of layoffs at Amazon and ultimately his confidence that these decisions will pay off down the line. Jason, let me start with you. What stood out in Jassy's letter?
Jason Moser: Well, before we get into this, I need to reiterate. If you listened to Andy Jassy speak, close your eyes and listen to him. That guy sounds like you would think you're listening to Jeff Bezos and I'm sure that's probably a product of them working for so long together.
Chris Hill: You don't think Bezos cloned himself [laughs] and just kept a version of himself?
Jason Moser: If you shut your eyes and listen to him, you would think that could be a possibility. It's bizarre but getting to your question, Chris, I think we're going to see a focus on cost controls start to really benefit this company over the next couple of years in particular, will be fulfillment. Something they noted and he noted in the letter, they do continue to deal with the rising cost of this fulfillment network, ultimately getting products from the store to the consumer. They noted they had a double the fulfillment center footprint they'd built over the past 25 years. They basically had to double that within two years. There was a lot that went into doing that and I think what we're going to see over the next several years is a focus on really maximizing the efficiencies. There's probably a lot of waste that went into that and they built out probably more and more capacity than they ultimately need it. If you look at fulfillment, fulfillment represented 16.8% of total operating expenses in 2022. You go back to 2017, that number was just 14.5%. I think they really want to focus on getting back to efficiency. I know we always talk about AWS and that really is the big moneymaker for this business but let's not forget its roots. This is retail. It's about getting things from point A to point B as quickly as possible. They can do it, and they do it very well, but I think they're really going to focus on that cost side.
Chris Hill: For me, the latter always love reading it, but there's a segment in there about the Amazon grocery business, which stood out to me. I'll just read a few sentences here because I think they're impactful. Jassy says, "While we're pleased with the size and growth of our grocery business, we aspire to serve more of our customers grocery needs than we do today. To do so, we need a broader physical store footprint. Given that most of the grocery shopping still happens in physical venues." He goes on to say, "We're working hard to identify and build the right mass grocery format for Amazon scale, grocery is a big growth opportunity for Amazon." This goes against the conclusion I thought Amazon was going to get to. They've experimented with Amazon Fresh, the Go concept, other concepts that they've been running Whole Foods for several years. I really thought they were going to get to the point where they didn't want to push harder into grocery. They thought it's a low-margin business. It's tough to figure out. It might not fit our overall model. But now they're going right at it and I think that stands out to me and my colleague in Real Estate Winners, Anthony, should point out, there are a lot of real estate investment trusts like KIMCO and Regency that are grocery anchored shopping centers. They own hundreds of them around the country. This must be music to their ears that Amazon is going to go more full throttle into this.
Jason Moser: You know what, I think? I think they have a little Walmart entity. I think they have a little Walmart.
Chris Hill: Amazon has Walmart.
Jason Moser: For the last 10 years that conversation has been going the other way. I think they actually have a little Walmart and they see Walmart status as the leading grocer domestically. They realize, everybody needs grocery. It's the ultimate repeat purchase. They see the business that Walmart has been able to build over the years with that, the benefits that come from that, the repeat traffic. I think they got a little Walmart.
Chris Hill: What's that GIF where the person's mind is blowing up.
Matt Argersinger: That's what I'm thinking of right now.
Chris Hill: Despite all of its success at producing award-winning television shows, HBO has also had its share of branding problems. Just a few years ago, the company caused confusion among subscribers by having not one but three separate HBO branded services. That was HBO, HBO GO, and HBO NOW, they were eventually folded into HBO Max, which seemed to be just fine with everyone except the parent company because this week, Warner Brothers Discovery unveiled a plan to reboot the streaming service with a new name, Max. It will feature the content from HBO as well as some content from the Discovery+ streaming service. The reaction from investors, shares of Warner Brothers Discovery down nearly 8% this week. What are they doing?
Matt Argersinger: Why is there? I'm going to actually leave that question to J Mo because I think he's got some strong opinions about the brand itself. I just wish they'd stick to HBO. I'll just leave it at that, but I get the combination makes sense. They're going to have a wider range of content available to subscribers. That's how you keep churn down. You can appeal to different kinds of audiences, especially kids. But that my one area concern is that Discovery CEO David Zaslav prediction for 2025, is 130 million subscribers, one billion in profit. If I've learned anything about the streaming business, is you don't make predictions like that in the streaming business.
Chris Hill: That's part of what's confusing about this. He's done a real upfront job of trying to control costs. A rebranding like this is going to cost a lot of money.
Jason Moser: Now it feels like a terrible unforced error. Taking such a legacy brand HBO where you just associate so much great content, whether you're changing your name to like, this might as well just be Disney movie about some dog named Max. [laughs] That's what comes to my mind is like some Disney movie. It just feels like an unforced error.
Chris Hill: Drop us an email podcasts@fool.com. We would like your suggestion for a really a better name. We're going to try and help out our friends at Warner Brothers Discovery podcasts@fool.com. Jason Moser, Matt Argersinger, guys, we'll see you a little bit later in the show. Up next, we're going to shift from streaming to movie theaters with senior analysts, Tim Beyers. Stay right here. You're listening to Motley Fool Money.
Welcome back to Motley Fool Money. I'm Chris Hill. Tim Beyers is a senior analysts covering media entertainment and a host of other industries for The Motley Fool, he joins me now from Colorado. Tim, thanks for being here.
Tim Beyers: Thanks for having me.
Chris Hill: I want to start with, to date the biggest movie of the year. The animated film, Super Mario Brothers, in a huge opening weekend. Opening in general, the first five days this is a movie that did over $200 million at the box office here in the US add in another 170 million internationally. Again, Tim, it's an animated movie, which means that a lot of these people seeing this movie in theater are children, and those tickets cost less. As someone who doesn't really have a stake in this, either as a fan who's gone to see the film or anything, just from a business standpoint, this strikes me as pretty impressive. When you hear numbers like that, what goes through your mind as an analyst?
Tim Beyers: I better be looking at the experiences that these movie theaters are executing here because this is very interesting, but we had the narrative of, well, we can just deliver a movie via streaming service and we're good. Clearly, there is something to be said for some of these movies coming together as a community and watching these together and Mario Brothers seems like a communal experience because even old guys like me would remember the [inaudible] That's a terrible rendition of it, Chris. Listener, my apologies. However, apology not really an apology because we all know that tune, and so there's something to that. There's something community-oriented about this that we missed and so as an analyst, I'm very curious to see is there an emerging theme around community in movie theaters and in some of these films that we're going to see funded like tapping into the experiences either that we had as kids or things that are very interesting to us. I think it's fascinating that movies are earning at this level post-pandemic. It is. I don't want to say we're back to normal, Chris, because I don't think there is such a thing as back-to-normal, having said that, to see movies rolling up big numbers like this again and a hit rolling up big numbers like this is a bit reassuring.
Chris Hill: I agree with that and you're terrible rendition of the song aside, you did touch on something that I think is part of the business story here, which is that this is a movie based on a game that has been around for decades and there are children who play it now, but they are also the children of parents who played it when they were children. To a lesser extent in terms of the bucks office, we saw something similar play out with the dungeons and dragons movie, which I actually did see, not because I'm a D&D player. One of my kids is she wanted to go see it as someone who never played the game. It was an entertaining movie and that plus the Super Mario Brothers has me wondering how much more board game and video game IP is going to get levered up in the coming months and years as the holders of these various intellectual properties are looking to monetize them, either in the form of movies in the theater or streaming TV series.
Tim Beyers: Both. If Hollywood is known for anything, Chris, it is imitation. Now that we've seen this, expect that there will be calls to give us your scripts for the games that you think you can build a story around. What is the franchise that we can build around? Name your game. I'll name one that I would expect to be coming at some point. Magic The Gathering, The Card Game that's got to be common, like Chris, that has to be coming at some point.
Chris Hill: Probably and that's another game that's been around for decades.
Tim Beyers: It has a real community around it. It has real stickiness to it. Yes, I expect, just given the nature of Hollywood, you're going to see more funding into franchises that are built around board games, built around video games, anything to build IP that is repeatable IP, because in the movie business overall, you really want IP that has a long shelf life because you're going to have high fixed costs initially to initially build out some IP, but then once you've built that IP and you've built a brand around it, and then you can start repeating it into television series, into even podcast series, or into books, at the movie theater streaming series. It's a type of business that does best when it's built around a franchise that has some known return characteristics to it. This is why Disney has been such a great business for so long. I think seeking the next great set of franchises around gaming is absolutely going to be a thing, Chris.
Chris Hill: Later this month of the annual CinemaCon event is going to be taking place. Back in the day, this was called Show West. This is essentially the movie theater owners getting together and as they get together so are the studios. I'm expecting if you're a fan of movies, we're going to get some bonus content appearing on social media and on YouTube as they start to preview what's coming later this summer and later this year. Was the funeral for movie theaters premature? Because it seemed like a few years ago the funeral was for all movie theaters.
Tim Beyers: Yeah, and I do wonder. Now, to be fair, I haven't been to the theater again recently, but I will say I was enjoying the way the theater was moving toward more of the Alamo Drafthouse model and if you've never been to the Alamo Drafthouse, it is a regional theater chain that's privately held, in which the experience of going to the movie is part of the draw. You go and you can get drinks, you have your food delivered to you. It's like going to the drive inn except you're going to the theater and the food you can order during the movie it's delivered right to you. It doesn't interrupt the experience. It's actually pretty amazing. The experience of going to the theater is different. I don't just go for the movie, I go for the whole experience and so I think that is going to become a bigger part of that business, but it was way too early to write this off. Now, having said that, we didn't need some blockbusters. If you go back to 2022, it is probably not hyperbole, Chris, to say that Tom Cruise and Top Gun: Maverick did some awfully good things for theater operators. That was a very big deal. Just to put it in perspective here, this is from the numbers.com Top Gun: Maverick, 2022 gross in domestic.
This is just US $718.7 million. Number 2 Black Panther Wakanda Forever at 438.3 million. That is a huge difference. Now, having said all that, the numbers has for in 2022, you're talking about $14.5 billion worth of ticket sales. The projection for 2023 is 8.5 billion. Let's not say that everything is rosy, Chris, but let's say maybe on the right track and there's maybe a bit a second wind for movie theaters that gives them a chance to build an experience that people want to keep coming back to. If the franchises show up to play in these theaters, there might be something there.
Chris Hill: This is also an example of in the case of Paramount, a company using a blockbuster like Top Gun: Maverick to get people into their streaming service. But as more people get into more streaming services, we were talking about this during the break, there's this narrative starting to build a little bit about subscription fatigue around how many different streaming services do you need? Do you want? Who should be worried about this? Because I'm not at subscription fatigue just yet, but I understand the case for it. I'm wondering who should be worried? Netflix should be worried, Disney with Disney Plus, Apple.
Tim Beyers: I think those that don't have an inherent bundle advantage need to be a little bit worried. What I mean by that is Disney Plus gets protection from Hulu Plus, and most importantly, both of us being sports ball fans here, Chris, ESPN Plus. Disney Plus gets cover, in my opinion from ESPN Plus. For those that are a little bit outside of the protection of a bundle, that is potentially problematic. I hate that I'm going to say this because the streaming service that I tend to depend on every weekend for Premier League soccer, Peacock, is a little bit outside of that bundle advantage doesn't really have it unless you're part of the Comcast bundle. There's real fatigue around that very expensive Comcast Cable Bundle. Should Netflix be worried? Yes, a little bit. But I think that Netflix is protected by franchises and by its ability to keep being a tastemaker. I think that protects them a little bit. Apple is getting a little bit of that tastemaker advantage here. But anything that is independent, so say like a Paramount Plus, what are they going to do around CBS and how is CBS going to make that work in the Viacom bundle? It seems like there ought to be something there. There's a lot to like around Paramount Plus, but anything that doesn't have the attachment to an attractive bundle, I think is at a little bit risk. Yeah, we need to be cautious, we need to watch it. Disney Plus, if things get a little long in the tooth, be careful around that. But I liked that they get protected by ESPN Plus.
Chris Hill: Because as the subscription fatigue narrative builds, even if it is building slowly and quietly, I'm hearing less about cutting the cord and I know that cord-cutting still goes on.
Tim Beyers: Yes.
Chris Hill: I think if you're in the cable business, you're probably happy to see, as we saw earlier this year, Alphabet coming out and saying, oh, the subscription for YouTube TV is going from $65 a month to $73 a month.
Tim Beyers: You know what, here's what's going to be really interesting, I'm glad you mentioned YouTube TV because that's a company that has an uncommon amount of power right now and I think it's going to be really interesting. Can you imagine YouTube TV saying, hey, you know what? We have a whole bunch of ecosystem partners. We're going to let you bring in your Paramount Plus. We're going to let you bring in your Peacock. We're going to let you bring in, how about this? We're going to let you bring in your Netflix subscription. This is something that Amazon has been doing by the way. I'm not sure that there are a lot of people that trust Amazon to aggregate all of their streaming subscriptions. I think it's not to say that it's a bad idea that Amazon is doing this. I just don't think people trust Amazon and say like, I'm just going to wrap everything under Prime. I don't think people are doing that, but YouTube TV is a brand that can do essentially what Amazon Prime is trying to do to become a source of aggregation for all of your subscriptions and you just pay one bill. Honest to goodness, Chris, I think that is going to be really interesting. I expect YouTube TV to make some gains over the next two years.
Chris Hill: Tim Beyers covers media, entertainment, and a bunch of other industries for The Motley Fool. Tim, always great talking to you. Thanks for being here.
Tim Beyers: Thanks, Chris.
Chris Hill: Up next, Matt Argersinger and Jason Moser are coming back with a couple of stocks on their radar, so stay right here. You're listening to Motley Fool Money.
As always, people on the program may have interest in the stocks they talk about and the Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. Welcome back to Motley Fool Money. Chris Hill here in studio once again with Jason Moser and Matt Argersinger. You can hear Motley Fool Money every weekend on radio stations across America. You can also listen seven days a week on your favorite podcast app. If you're looking for even more stock talk, checkout, our premium podcast, Stock Advisor Roundtable. If you are a member of any Motley Fool premium service, you can listen to the Stock Advisor Roundtable podcast available only on Spotify. The latest episode just dropped and if you've already connected your Motley Fool premium account to a Spotify account, you can start listening. If you haven't done that yet, that's easy, just go to roundtable.fool.com for how to access the show that's roundtable.fool.com. Let's get to the stocks on our radar. Our man behind the glass, Dan Boyd is going to hit you with a question. Matt Argersinger, you're up first. What are you looking at this week?
Matt Argersinger: I'm going with T. Rowe Price, ticker TROW. One of the great brands in money management going back, 90 years or so, more than $1.3 trillion in asset management as of March 31. Track record is amazing and the vast majority of their funds outperform their benchmarks over long periods of time, 4.4% dividend yield, which the company has increased 36 consecutive years Dan. Most of all, I think this is a bet on at least a small return to active management. I think, especially coming out this bear market that we just had that we might still be in, I feel like investors are looking for active strategies. This is a great brand and great company in the industry that I think will attract a lot of dollars.
Chris Hill: Dan, question about T. Rowe Price?
Dan Boyd: Matt you are telling me that T. Rowe Price is not just a discount broker?
Matt Argersinger: They are not Dan, they're much more a money management firm that owns dozens of funds, ETFs, wealth management services, etc.
Chris Hill: I didn't realize until recently that it was the founder's name. I just assumed it was a mash-up like JPMorgan Chase and it's like this company merges with that one. I didn't realize Thomas Rowe Price was the founder.
Matt Argersinger: All the way back to 1937, I believe.
Chris Hill: Jason Moser, what are you looking at?
Jason Moser: Yeah. Well, you remember last year I got back through spring break and I had my Uber awakening. We ubered everywhere around France and it was just invaluable and for me it immediately passed David Gardner snap test. This week we just got back from spring break down to the beach in North Carolina and I had another awakening here. I don't know why it took me so long, but Airbnb. Ticker ABNB. We grabbed an Airbnb down on the beach, North Carolina, wonderful week. It's more on my radar than ever before and I really believe this is a business that also passes that snap test. If it went away, it would impact the world at this point because it's not just consumers like us that benefit from it, but these are just small businesses everywhere now. People investing in real estate and utilizing that model to make a little extra money. You look at the fourth quarter of last year and nights and experiences booked increased 20%. They had their highest number of active bookers ever for the quarter. If you look at this business compared to 2019 versus today, their headcount is actually down 5% while revenue was up 75%. They really are continuing to grow and they're getting their sea legs, so to speak, as a publicly traded company. Again, you've got the benefit here for guests, you'd get the benefit for owners. Creating new business opportunities. We know the opportunity in travel. It is massive and it's resilient. Still a young business, with plenty of kinks to work out, but they're on their way and I really think this is one to keep on the radar.
Chris Hill: Dan question about Airbnb?
Dan Boyd: Jason, how worried are you about the laws that could change around Airbnb short-term rentals in the future?
Jason Moser: Well, they think it's a bigger concern before than it is now. I think what we're seeing much as like with healthcare and things like telemedicine. Once it hits this mass acceptance, we do see laws, regulations start to adjust. For me, I think that was a bigger risk in the past than it is something going forward.
Chris Hill: Sounds like Dan might be proposing some legislation just to see where this goes.
Jason Moser: Either that or starting a little small Airbnb business, perhaps.
Chris Hill: Dan, you got a stock you want to add to your watchlist?
Dan Boyd: I got to tell you, I think I'm with Jason on this one, the global impact of Airbnb cannot be downplayed. While T. Rowe Price, as Matt said, is a very staunch and long-term company here. If T. Rowe Price disappeared tomorrow, I don't think I would be scrambling to change vacation plans or anything. Do you know what I mean? But I think Airbnb is this part of the conversation for everybody these days.
Matt Argersinger: Tough but fair Dan. Tough but fair.
Chris Hill: Matt Argersinger and Jason Moser, guys, thanks for being here.
Matt Argersinger: Thanks, Chris.
Chris Hill: That's going to do it for this week's Motley Fool Money radio show. The show is mixed by Dan Boyd. I'm Chris Hill. Thanks for listening. We'll see you next time.
SVB Financial provides credit and banking services to The Motley Fool. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Chris Hill has positions in Airbnb, Amazon.com, Home Depot, JPMorgan Chase, Lowe's Companies, Target, and Walt Disney. Dan Boyd has positions in Amazon.com and Walt Disney. Jason Moser has positions in Amazon.com, Home Depot, and Walt Disney. Matthew Argersinger has positions in Airbnb, Amazon.com, Home Depot, Netflix, Regions Financial, T. Rowe Price Group, and Walt Disney and has the following options: short May 2023 $100 puts on Walt Disney. Tim Beyers has positions in Amazon.com, Netflix, Walt Disney, and Warner Bros. Discovery. The Motley Fool has positions in and recommends Airbnb, Amazon.com, Home Depot, JPMorgan Chase, Netflix, SVB Financial, Spotify Technology, Target, Walmart, Walt Disney, and Warner Bros. Discovery. The Motley Fool recommends Comcast, Lowe's Companies, Regions Financial, Southwest Airlines, and T. Rowe Price Group and recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In the letter, Jassy addressed the recent challenges facing the company, the multiple rounds of layoffs at Amazon and ultimately his confidence that these decisions will pay off down the line. Track record is amazing and the vast majority of their funds outperform their benchmarks over long periods of time, 4.4% dividend yield, which the company has increased 36 consecutive years Dan. The Motley Fool has positions in and recommends Airbnb, Amazon.com, Home Depot, JPMorgan Chase, Netflix, SVB Financial, Spotify Technology, Target, Walmart, Walt Disney, and Warner Bros.
|
Chris Hill has positions in Airbnb, Amazon.com, Home Depot, JPMorgan Chase, Lowe's Companies, Target, and Walt Disney. The Motley Fool has positions in and recommends Airbnb, Amazon.com, Home Depot, JPMorgan Chase, Netflix, SVB Financial, Spotify Technology, Target, Walmart, Walt Disney, and Warner Bros. The Motley Fool recommends Comcast, Lowe's Companies, Regions Financial, Southwest Airlines, and T. Rowe Price Group and recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney.
|
I don't want to say we're back to normal, Chris, because I don't think there is such a thing as back-to-normal, having said that, to see movies rolling up big numbers like this again and a hit rolling up big numbers like this is a bit reassuring. Yes, I expect, just given the nature of Hollywood, you're going to see more funding into franchises that are built around board games, built around video games, anything to build IP that is repeatable IP, because in the movie business overall, you really want IP that has a long shelf life because you're going to have high fixed costs initially to initially build out some IP, but then once you've built that IP and you've built a brand around it, and then you can start repeating it into television series, into even podcast series, or into books, at the movie theater streaming series. Chris Hill: Up next, Matt Argersinger and Jason Moser are coming back with a couple of stocks on their radar, so stay right here.
|
Chris Hill: Amazon has Walmart. Jason Moser, Matt Argersinger, guys, we'll see you a little bit later in the show. Chris Hill: Up next, Matt Argersinger and Jason Moser are coming back with a couple of stocks on their radar, so stay right here.
|
b5888996-f3cf-4918-bf5b-e9c0f7054f90
|
2653.0
|
2023-04-21 00:00:00 UTC
|
SQM, Albemarle shares slide on Chile lithium nationalization plan
|
AAL
|
https://www.nasdaq.com/articles/sqm-albemarle-shares-slide-on-chile-lithium-nationalization-plan
|
nan
|
nan
|
By Alexander Villegas and Ernest Scheyder
SANTIAGO, April 21 (Reuters) - Shares in Chile's top two lithium miners, SQM SQMA.SN and Albemarle Corp ALB.N, slid on Friday after the Andean country, which has the world's largest reserves of the battery metal, unveiled a plan to nationalize the industry.
The move would see Chile, the world's second largest lithium producer, shift to a model with the state holding a controlling interest in all new lithium projects through a public company that would partner with private mining firms.
The bid for state control in Chile reflects a wider wave of lithium nationalism around Latin America, home to the so-called "lithium triangle", which holds the world's largest trove of the metal essential for electric vehicle batteries.
It poses a fresh challenge to electric vehicle (EV) manufacturers scrambling to secure battery materials. Mexico nationalized its lithium deposits last year, and Indonesia banned exports of nickel ore, a key battery material, in 2020.
Chile's young progressive President Gabriel Boric said late on Thursday in his announcement that the country would not cancel existing contracts, though it would try to negotiate with mining firms to voluntarily shift to a public-private model.
In early trading on Friday, Chilean firm SQM's U.S.-listed shares slid 6.2%, while Albemarle was down 2.5%. SQM's lithium contract in Chile is set to expire in 2030 and Albemarle's in 2043, giving it more insulation from the potential move.
Mining shares in London fell sharply too. Rio Tinto RIO.L dropped by as much as 5% at one point to its lowest in almost a month, and was last down 4.7%. Shares in rival Anglo American AAL.L fell 4% on the day, making the basic resources sector the worst performer in Europe.
In neighboring countries in the lithium triangle, which spans Chile, Argentina and Bolivia, governments are increasingly pushing for a greater public sector stake in mining of the metal and are seeking to develop a nascent battery sector.
Argentine state energy firm YPF has got into lithium, while Bolivia has long maintained strict control over its huge though largely untapped resources. It recently gave out a lithium tender to a Chinese consortium including battery giant CATL.
Mexico's President Andres Manuel Lopez Obrador and Bolivia's Luis Arce have touted the idea of a regional lithium "OPEC" to coordinate on lithium policy and benefit local economies.
"Defending Bolivian lithium is defending the homeland!" Bolivia's Arce tweeted earlier this week.
(Reporting by Alexander Villegas and Ernest Scheyder; Writing by Adam Jourdan; Editing by Jan Harvey)
((adam.jourdan@thomsonreuters.com; +54 1155446882; Reuters Messaging: adam.jourdan.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares in rival Anglo American AAL.L fell 4% on the day, making the basic resources sector the worst performer in Europe. By Alexander Villegas and Ernest Scheyder SANTIAGO, April 21 (Reuters) - Shares in Chile's top two lithium miners, SQM SQMA.SN and Albemarle Corp ALB.N, slid on Friday after the Andean country, which has the world's largest reserves of the battery metal, unveiled a plan to nationalize the industry. Chile's young progressive President Gabriel Boric said late on Thursday in his announcement that the country would not cancel existing contracts, though it would try to negotiate with mining firms to voluntarily shift to a public-private model.
|
Shares in rival Anglo American AAL.L fell 4% on the day, making the basic resources sector the worst performer in Europe. By Alexander Villegas and Ernest Scheyder SANTIAGO, April 21 (Reuters) - Shares in Chile's top two lithium miners, SQM SQMA.SN and Albemarle Corp ALB.N, slid on Friday after the Andean country, which has the world's largest reserves of the battery metal, unveiled a plan to nationalize the industry. The move would see Chile, the world's second largest lithium producer, shift to a model with the state holding a controlling interest in all new lithium projects through a public company that would partner with private mining firms.
|
Shares in rival Anglo American AAL.L fell 4% on the day, making the basic resources sector the worst performer in Europe. By Alexander Villegas and Ernest Scheyder SANTIAGO, April 21 (Reuters) - Shares in Chile's top two lithium miners, SQM SQMA.SN and Albemarle Corp ALB.N, slid on Friday after the Andean country, which has the world's largest reserves of the battery metal, unveiled a plan to nationalize the industry. The move would see Chile, the world's second largest lithium producer, shift to a model with the state holding a controlling interest in all new lithium projects through a public company that would partner with private mining firms.
|
Shares in rival Anglo American AAL.L fell 4% on the day, making the basic resources sector the worst performer in Europe. By Alexander Villegas and Ernest Scheyder SANTIAGO, April 21 (Reuters) - Shares in Chile's top two lithium miners, SQM SQMA.SN and Albemarle Corp ALB.N, slid on Friday after the Andean country, which has the world's largest reserves of the battery metal, unveiled a plan to nationalize the industry. The move would see Chile, the world's second largest lithium producer, shift to a model with the state holding a controlling interest in all new lithium projects through a public company that would partner with private mining firms.
|
21380be7-9daa-4dcc-b5a5-5e2d48c2185d
|
2654.0
|
2023-04-21 00:00:00 UTC
|
American Airlines (AAL) Outpaces Stock Market Gains: What You Should Know
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-aal-outpaces-stock-market-gains%3A-what-you-should-know-6
|
nan
|
nan
|
American Airlines (AAL) closed at $13.40 in the latest trading session, marking a +0.6% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.98%.
Heading into today, shares of the world's largest airline had lost 2.27% over the past month, lagging the Transportation sector's gain of 4.8% and the S&P 500's gain of 4.59% in that time.
American Airlines will be looking to display strength as it nears its next earnings release, which is expected to be April 27, 2023. In that report, analysts expect American Airlines to post earnings of $0.03 per share. This would mark year-over-year growth of 101.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.25 billion, up 37.68% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.48 per share and revenue of $53.62 billion, which would represent changes of +396% and +9.49%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for American Airlines. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.02% higher. American Airlines is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, American Airlines is currently trading at a Forward P/E ratio of 5.38. Its industry sports an average Forward P/E of 9.82, so we one might conclude that American Airlines is trading at a discount comparatively.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 35, which puts it in the top 14% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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.
|
American Airlines (AAL) closed at $13.40 in the latest trading session, marking a +0.6% move from the prior day. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Its industry sports an average Forward P/E of 9.82, so we one might conclude that American Airlines is trading at a discount comparatively.
|
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 $13.40 in the latest trading session, marking a +0.6% move from the prior day. In that report, analysts expect American Airlines to post earnings of $0.03 per share.
|
American Airlines (AAL) closed at $13.40 in the latest trading session, marking a +0.6% move from the prior day. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. For the full year, our Zacks Consensus Estimates are projecting earnings of $2.48 per share and revenue of $53.62 billion, which would represent changes of +396% and +9.49%, respectively, from the prior year.
|
American Airlines (AAL) closed at $13.40 in the latest trading session, marking a +0.6% move from the prior day. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Heading into today, shares of the world's largest airline had lost 2.27% over the past month, lagging the Transportation sector's gain of 4.8% and the S&P 500's gain of 4.59% in that time.
|
a625c51e-d1ba-4767-b53b-e0ef539d0b2d
|
2655.0
|
2023-04-21 00:00:00 UTC
|
What's in Store for United Microelectronics (UMC) Q1 Earnings?
|
AAL
|
https://www.nasdaq.com/articles/whats-in-store-for-united-microelectronics-umc-q1-earnings-0
|
nan
|
nan
|
United Microelectronics UMC is slated to report first-quarter 2023 results on Apr 26.
The Zacks Consensus Estimate for first-quarter earnings currently stands at 16 cents per share, indicating a decline of 42.7% from the year-ago reported figure.
The consensus mark for first-quarter net sales is pegged at $1.78 billion, indicating a fall of 19.5% from the year-ago quarter’s reported figure.
UMC’s earnings surpassed the Zacks Consensus Estimate in one of the trailing four quarters while missing the same in three quarters, the average negative surprise being 3.79%.
United Microelectronics Corporation Price and EPS Surprise
United Microelectronics Corporation price-eps-surprise | United Microelectronics Corporation Quote
Let’s see how things have shaped up for the upcoming announcement:
Factors to Note
United Microelectronics first-quarter 2023 performance is likely to have benefited from an expanded 22/28 nanometer portfolio.
UMC's strengths in specialized technology leadership, geographically diversified capacity offering, and quality and operational excellence position it well to capture demand in the semiconductor foundry market.
Furthermore, the company is expected to benefit from the ongoing trend of digital transformation across industries in the quarter under review.
UMC’s growing efforts to focus on cost reduction and productivity improvement to remain competitive may have favored the to-be-reported quarter’s top line.
However, rising supply chain constraints due to geopolitical tensions and higher inflationary costs are likely to have negatively impacted its overall performance in the to-be-reported quarter.
Sluggish demand in the smartphone and PC consumer market is expected to have acted as a headwind for the company in the first-quarter results.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
United Microelectronics has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
American Airlines AAL has an Earnings ESP of +85.71% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines shares have fallen 34.1% in the year-to-date period compared with the Zacks Transportation Airline industry’s decline of 21.9%.
AGNC Investment AGNC has an Earnings ESP of +3.7% and a Zacks Rank #1.
AGNC Investment shares have fallen 15.9% in the year-to-date period compared with the Zacks REIT and Equity Trust industry’s decline of 32.3%.
Asbury Automotive Group ABG has an Earnings ESP of +1.39% and a Zacks Rank #1.
Asbury Automotive shares have gained 29.2% in the year-to-date period compared with the Zacks Automotive – Retail and Whole sales industry’s gain of 14.7%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
AGNC Investment Corp. (AGNC) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
United Microelectronics Corporation (UMC) : Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG) : 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.
|
American Airlines AAL has an Earnings ESP of +85.71% and a Zacks Rank #2. Click to get this free report AGNC Investment Corp. (AGNC) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report United Microelectronics Corporation (UMC) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. UMC's strengths in specialized technology leadership, geographically diversified capacity offering, and quality and operational excellence position it well to capture demand in the semiconductor foundry market.
|
Click to get this free report AGNC Investment Corp. (AGNC) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report United Microelectronics Corporation (UMC) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL has an Earnings ESP of +85.71% and a Zacks Rank #2. What Our Model Indicates Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
|
Click to get this free report AGNC Investment Corp. (AGNC) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report United Microelectronics Corporation (UMC) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL has an Earnings ESP of +85.71% and a Zacks Rank #2. United Microelectronics Corporation Price and EPS Surprise United Microelectronics Corporation price-eps-surprise | United Microelectronics Corporation Quote Let’s see how things have shaped up for the upcoming announcement: Factors to Note United Microelectronics first-quarter 2023 performance is likely to have benefited from an expanded 22/28 nanometer portfolio.
|
American Airlines AAL has an Earnings ESP of +85.71% and a Zacks Rank #2. Click to get this free report AGNC Investment Corp. (AGNC) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report United Microelectronics Corporation (UMC) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for first-quarter earnings currently stands at 16 cents per share, indicating a decline of 42.7% from the year-ago reported figure.
|
03270222-5f74-47eb-b6ce-5c4e1e0d69e8
|
2656.0
|
2023-04-21 00:00:00 UTC
|
5 Broker-Friendly Stocks to Monitor Amid Current Uncertainty
|
AAL
|
https://www.nasdaq.com/articles/5-broker-friendly-stocks-to-monitor-amid-current-uncertainty
|
nan
|
nan
|
With the Q1 earnings season still in its initial stages, investors would like to add stocks with the potential to surpass earnings expectations to their respective portfolios. This is because an earnings beat generally leads to stock price appreciation. However, the task of designing one’s portfolio with potential outperformers is quite a daunting one. The task becomes even more difficult in this scenario of high inflation and the resultant uncertainty and slowdown in consumer spending. Naturally, individual investors will find it next to impossible to design a winning portfolio of stocks without proper guidance amid this turbulence.
The choice of improper stocks can adversely impact returns, ruining the objective of investing one’s hard-earned money in the highly unpredictable stock market. In a bid to avoid such a scenario, investors usually rely on guidance from proper sources.
In the field of investing, brokers are deemed to be experts with thorough knowledge. We believe that investors should include broker-favorite stocks like American Airlines AAL, Delta Air Lines DAL, CVR Energy CVI, Cleveland-Cliffs CLF and Delek US Holdings DK in their watchlist
Why Broker Guidance is the Need of the Hour
Brokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more information on a company and its prospects than individual investors. To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Broker opinion should thus act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.
Since brokers indulge in meticulous research, the question of their actions being arbitrary does not arise. The direction of the estimate revisions serves as an important pointer regarding the price of a stock. Given the expertise of brokers in investment matters, it is natural for investors to believe that there is a solid reason/logic behind their improving the recommendation on a particular stock.
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.
Ignore Top line at Your Own Peril
To design a winning strategy, it is not prudent to consider the bottom line only. In fact, according to some market watchers, a top-line outperformance is more creditable for a stock than a mere earnings beat under some circumstances. Therefore, to make our strategy full-proof, one needs to address top-line concerns as well. We have considered the price/sales ratio, which serves as a strong complementary valuation metric, for screening stocks.
Screening Criteria
# (Up-Down Rating)/ Total (4 weeks) =Top #75: This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks.
% change in Q (1) est. (4 weeks) = Top #10: This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
Price-to-Sales = Bot%10: The lower the ratio, the better. Companies meeting this criterion are in the bottom 10% of our universe of over 7,700 stocks.
Price greater than 5: A stock trading below $5 will not likely be of significant interest to most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days: Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000: This gives us stocks that are the top 3000 in terms of market capitalization.
Com/ADR/Canadian= Com: This takes out the ADR and Canadian stocks.
Here are five of the 10 stocks that passed the screen test:
American Airlines is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are hurting the bottom line.
Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 14.8% upward. American Airlines currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Delta, currently carrying a Zacks Rank of 2, is based in Atlanta, GA. DAL is being bolstered by an uptick in demand for air travel (particularly for leisure). Driven by higher air-travel demand, total revenues increased 36.5% on a year-over-year basis in first-quarter 2023.
High fuel costs are, however, a bane. Over the past 60 days, the Zacks Consensus Estimate for DAL’s 2023 earnings has been revised 3.1% upward.
CVR Energy is an independent refiner and marketer of high-value transportation fuels. CVI is also a producer of ammonia and urea ammonia nitrate fertilizers. Its petroleum business includes a full-coking sour crude refinery in Coffeyville, KS. The company’s efforts to reward its shareholders underline its strong financial position. The robust Nitrogen Fertilizer unit supports growth.
CVR Energy, currently sporting a Zacks Rank #1, surpassed the Zacks Consensus Estimate in each of the past four quarters by an average of 40.85%. The Zacks Consensus Estimate for current-year earnings has improved 42.1% over the past 60 days.
Cleveland-Cliffs is a leading iron ore producer in the United States. It supplies differentiated iron ore pellets under long-term contracts to major blast furnace steel producers in North America. The Mining and Pelletizing operation gains from low-cost, high-quality iron ore pellet production with substantial logistics and transportation advantages to serve the Great Lakes steel market. The company should gain from its merger with AK Steel Holding Corporation.
Over the past 60 days, the Zacks Consensus Estimate for CLF’s 2023 earnings has been revised 13.7% upward. Cleveland-Cliffs currently carries a Zacks Rank #3 (Hold).
Brentwood, TN-based Delek US Holdings is an independent refiner, transporter and marketer of petroleum products. DK’s extensive downstream operations within the Permian Basin grant it a fairly significant competitive edge over its peers in the long term.
Delek US Holdings currently carries a Zacks Rank #3. DK surpassed the Zacks Consensus Estimate for earnings in three of the past four quarters (missing the mark in the other one). The average beat is in excess of 100%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.
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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report
CVR Energy Inc. (CVI) : Free Stock Analysis Report
Delek US Holdings, Inc. (DK) : Free Stock Analysis 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.
|
We believe that investors should include broker-favorite stocks like American Airlines AAL, Delta Air Lines DAL, CVR Energy CVI, Cleveland-Cliffs CLF and Delek US Holdings DK in their watchlist Why Broker Guidance is the Need of the Hour Brokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more information on a company and its prospects than individual investors. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 14.8% upward.
|
We believe that investors should include broker-favorite stocks like American Airlines AAL, Delta Air Lines DAL, CVR Energy CVI, Cleveland-Cliffs CLF and Delek US Holdings DK in their watchlist Why Broker Guidance is the Need of the Hour Brokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more information on a company and its prospects than individual investors. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report CVR Energy Inc. (CVI) : Free Stock Analysis Report Delek US Holdings, Inc. (DK) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
|
We believe that investors should include broker-favorite stocks like American Airlines AAL, Delta Air Lines DAL, CVR Energy CVI, Cleveland-Cliffs CLF and Delek US Holdings DK in their watchlist Why Broker Guidance is the Need of the Hour Brokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more information on a company and its prospects than individual investors. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report CVR Energy Inc. (CVI) : Free Stock Analysis Report Delek US Holdings, Inc. (DK) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
|
We believe that investors should include broker-favorite stocks like American Airlines AAL, Delta Air Lines DAL, CVR Energy CVI, Cleveland-Cliffs CLF and Delek US Holdings DK in their watchlist Why Broker Guidance is the Need of the Hour Brokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more information on a company and its prospects than individual investors. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 14.8% upward.
|
f499d6da-078c-459f-84b9-8620dca4cc78
|
2657.0
|
2023-04-21 00:00:00 UTC
|
SQM, Albemarle shares slide as Chile targets state control over lithium
|
AAL
|
https://www.nasdaq.com/articles/sqm-albemarle-shares-slide-as-chile-targets-state-control-over-lithium
|
nan
|
nan
|
By Alexander Villegas and Ernest Scheyder
SANTIAGO, April 21 (Reuters) - Shares in Chile's top two lithium miners, SQM SQMA.SN and Albemarle Corp ALB.N, slid on Friday after the Andean country, which has the world's largest reserves of the battery metal, unveiled plans to nationalize the sector over time.
The move would see Chile, the world's second largest lithium producer, shift to a model with the state holding a controlling interest in all new lithium projects through a public company that would partner with private mining firms.
The bid for state control in Chile reflects a wider wave of lithium nationalism around Latin America, home to the so-called "lithium triangle", which holds the world's largest trove of the metal essential for electric vehicle batteries.
It poses a fresh challenge to electric vehicle (EV) manufacturers scrambling to secure battery materials. Mexico nationalized its lithium deposits last year, and Indonesia banned exports of nickel ore, a key battery material, in 2020.
Chile's young progressive President Gabriel Boric said late on Thursday in his announcement that the country would not cancel existing contracts, though it would try to negotiate with mining firms to voluntarily shift to a public-private model.
Boric is scheduled to provide more details about his plans during a talk in the northern city of Antofagasta on Friday.
In midday trading, Chilean firm SQM's U.S.-listed shares slid some 10%, while Albemarle was down over 6%. SQM's lithium contract in Chile is set to expire in 2030 and Albemarle's in 2043, giving it more insulation from the potential move.
SQM has a larger footprint in Chile, with 81,000 hectares (about 200,000 acres) for lithium extraction compared to Albemarle's 16,000 hectares.
In a statement, SQM it was "analyzing the strategy delivered by the government". Albemarle said it would have "no material impact on our business" and that it would continue talks on investing in further growth and using new technologies in Chile.
Mining shares in London fell sharply too. Rio Tinto RIO.L dropped by as much as 5.7% at one point to its lowest in almost a month, and was last down 4.7%.
Shares in rival Anglo American AAL.L fell 5.9% on the day, making the basic resources sector the worst performer in Europe.
In neighboring countries in the lithium triangle, which spans Chile, Argentina and Bolivia, governments are increasingly pushing for a greater public sector stake in mining of the metal and are seeking to develop a nascent battery sector.
Argentine state energy firm YPF has got into lithium, while Bolivia has long maintained strict control over its huge though largely untapped resources. It recently gave out a lithium tender to a Chinese consortium including battery giant CATL.
Mexico's President Andres Manuel Lopez Obrador and Bolivia's Luis Arce have touted the idea of a regional lithium "OPEC" to coordinate on lithium policy and benefit local economies.
(Reporting by Alexander Villegas and Ernest Scheyder; Writing by Adam Jourdan; Editing by Jan Harvey)
((adam.jourdan@thomsonreuters.com; +54 1155446882; Reuters Messaging: adam.jourdan.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares in rival Anglo American AAL.L fell 5.9% on the day, making the basic resources sector the worst performer in Europe. By Alexander Villegas and Ernest Scheyder SANTIAGO, April 21 (Reuters) - Shares in Chile's top two lithium miners, SQM SQMA.SN and Albemarle Corp ALB.N, slid on Friday after the Andean country, which has the world's largest reserves of the battery metal, unveiled plans to nationalize the sector over time. Chile's young progressive President Gabriel Boric said late on Thursday in his announcement that the country would not cancel existing contracts, though it would try to negotiate with mining firms to voluntarily shift to a public-private model.
|
Shares in rival Anglo American AAL.L fell 5.9% on the day, making the basic resources sector the worst performer in Europe. By Alexander Villegas and Ernest Scheyder SANTIAGO, April 21 (Reuters) - Shares in Chile's top two lithium miners, SQM SQMA.SN and Albemarle Corp ALB.N, slid on Friday after the Andean country, which has the world's largest reserves of the battery metal, unveiled plans to nationalize the sector over time. The move would see Chile, the world's second largest lithium producer, shift to a model with the state holding a controlling interest in all new lithium projects through a public company that would partner with private mining firms.
|
Shares in rival Anglo American AAL.L fell 5.9% on the day, making the basic resources sector the worst performer in Europe. By Alexander Villegas and Ernest Scheyder SANTIAGO, April 21 (Reuters) - Shares in Chile's top two lithium miners, SQM SQMA.SN and Albemarle Corp ALB.N, slid on Friday after the Andean country, which has the world's largest reserves of the battery metal, unveiled plans to nationalize the sector over time. The move would see Chile, the world's second largest lithium producer, shift to a model with the state holding a controlling interest in all new lithium projects through a public company that would partner with private mining firms.
|
Shares in rival Anglo American AAL.L fell 5.9% on the day, making the basic resources sector the worst performer in Europe. By Alexander Villegas and Ernest Scheyder SANTIAGO, April 21 (Reuters) - Shares in Chile's top two lithium miners, SQM SQMA.SN and Albemarle Corp ALB.N, slid on Friday after the Andean country, which has the world's largest reserves of the battery metal, unveiled plans to nationalize the sector over time. The move would see Chile, the world's second largest lithium producer, shift to a model with the state holding a controlling interest in all new lithium projects through a public company that would partner with private mining firms.
|
9805a040-0307-4c73-b5d5-efb81678fcae
|
2658.0
|
2023-04-20 00:00:00 UTC
|
Unusual Put Option Trade in American Airlines Group (AAL) Worth $137.95K
|
AAL
|
https://www.nasdaq.com/articles/unusual-put-option-trade-in-american-airlines-group-aal-worth-%24137.95k
|
nan
|
nan
|
On April 20, 2023 at 09:52:55 ET an unusually large $137.95K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 29 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.09 sigmas above the mean, placing it in the 85.25th percentile of all recent large trades made in AAL options.
This trade was first picked up on Fintel's real time Unusual Option Trades tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 996 funds or institutions reporting positions in American Airlines Group. This is a decrease of 2 owner(s) or 0.20% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.33%. Total shares owned by institutions decreased in the last three months by 3.53% to 395,953K shares.
The put/call ratio of AAL is 2.46, indicating a bearish outlook.
Analyst Price Forecast Suggests 26.79% Upside
As of April 6, 2023, the average one-year price target for American Airlines Group is $17.28. The forecasts range from a low of $8.08 to a high of $27.30. The average price target represents an increase of 26.79% from its latest reported closing price of $13.63.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group is $51,177MM, an increase of 4.50%. The projected annual non-GAAP EPS is $1.52.
What are Other Shareholders Doing?
TLSTX - Stock Index Fund holds 11K shares representing 0.00% ownership of the company. No change in the last quarter.
GVIZX - Value Equity Index Fund Investor holds 3K shares representing 0.00% ownership of the company. No change in the last quarter.
Cpwm holds 67K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 68K shares, representing a decrease of 1.27%. The firm decreased its portfolio allocation in AAL by 0.95% over the last quarter.
Comerica Bank holds 91K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 91K shares, representing an increase of 0.83%. The firm decreased its portfolio allocation in AAL by 99.89% over the last quarter.
Geode Capital Management holds 13,866K shares representing 2.12% ownership of the company. In it's prior filing, the firm reported owning 13,397K shares, representing an increase of 3.39%. The firm increased its portfolio allocation in AAL by 1.13% over the last quarter.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
See all American Airlines Group regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On April 20, 2023 at 09:52:55 ET an unusually large $137.95K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 29 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.09 sigmas above the mean, placing it in the 85.25th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.33%.
|
On April 20, 2023 at 09:52:55 ET an unusually large $137.95K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 29 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.09 sigmas above the mean, placing it in the 85.25th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.33%.
|
On April 20, 2023 at 09:52:55 ET an unusually large $137.95K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 29 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.09 sigmas above the mean, placing it in the 85.25th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.33%.
|
On April 20, 2023 at 09:52:55 ET an unusually large $137.95K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 29 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.09 sigmas above the mean, placing it in the 85.25th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.33%.
|
76f0d97c-1c90-40c1-a7e6-08681cd34671
|
2659.0
|
2023-04-20 00:00:00 UTC
|
Unusual Put Option Trade in American Airlines Group (AAL) Worth $839.95K
|
AAL
|
https://www.nasdaq.com/articles/unusual-put-option-trade-in-american-airlines-group-aal-worth-%24839.95k
|
nan
|
nan
|
On April 20, 2023 at 10:28:42 ET an unusually large $839.95K block of Put contracts in American Airlines Group (AAL) was bought, with a strike price of $10.00 / share, expiring in 792 day(s) (on June 20, 2025). Fintel tracks all large options trades, and the premium spent on this trade was 9.90 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options.
This trade was first picked up on Fintel's real time Unusual Option Trades tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 996 funds or institutions reporting positions in American Airlines Group. This is a decrease of 2 owner(s) or 0.20% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.33%. Total shares owned by institutions decreased in the last three months by 3.53% to 395,953K shares.
The put/call ratio of AAL is 2.46, indicating a bearish outlook.
Analyst Price Forecast Suggests 26.79% Upside
As of April 6, 2023, the average one-year price target for American Airlines Group is $17.28. The forecasts range from a low of $8.08 to a high of $27.30. The average price target represents an increase of 26.79% from its latest reported closing price of $13.63.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group is $51,177MM, an increase of 4.50%. The projected annual non-GAAP EPS is $1.52.
What are Other Shareholders Doing?
BLACKROCK FUNDS - iShares Russell Mid-Cap Index Fund Institutional holds 107K shares representing 0.02% ownership of the company. In it's prior filing, the firm reported owning 104K shares, representing an increase of 2.05%. The firm increased its portfolio allocation in AAL by 6.56% over the last quarter.
Yousif Capital Management holds 108K shares representing 0.02% ownership of the company. In it's prior filing, the firm reported owning 101K shares, representing an increase of 6.30%. The firm increased its portfolio allocation in AAL by 4.14% over the last quarter.
IMCV - iShares Morningstar Mid-Cap Value ETF holds 40K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 79K shares, representing a decrease of 96.77%. The firm decreased its portfolio allocation in AAL by 49.71% over the last quarter.
Twinbeech Capital holds 221K shares representing 0.03% ownership of the company. In it's prior filing, the firm reported owning 1,295K shares, representing a decrease of 485.97%. The firm decreased its portfolio allocation in AAL by 87.02% over the last quarter.
Franklin Resources holds 11K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 12K shares, representing a decrease of 4.33%. The firm decreased its portfolio allocation in AAL by 3.75% over the last quarter.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
See all American Airlines Group regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On April 20, 2023 at 10:28:42 ET an unusually large $839.95K block of Put contracts in American Airlines Group (AAL) was bought, with a strike price of $10.00 / share, expiring in 792 day(s) (on June 20, 2025). Fintel tracks all large options trades, and the premium spent on this trade was 9.90 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.33%.
|
On April 20, 2023 at 10:28:42 ET an unusually large $839.95K block of Put contracts in American Airlines Group (AAL) was bought, with a strike price of $10.00 / share, expiring in 792 day(s) (on June 20, 2025). Fintel tracks all large options trades, and the premium spent on this trade was 9.90 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.33%.
|
On April 20, 2023 at 10:28:42 ET an unusually large $839.95K block of Put contracts in American Airlines Group (AAL) was bought, with a strike price of $10.00 / share, expiring in 792 day(s) (on June 20, 2025). Fintel tracks all large options trades, and the premium spent on this trade was 9.90 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.33%.
|
On April 20, 2023 at 10:28:42 ET an unusually large $839.95K block of Put contracts in American Airlines Group (AAL) was bought, with a strike price of $10.00 / share, expiring in 792 day(s) (on June 20, 2025). Fintel tracks all large options trades, and the premium spent on this trade was 9.90 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.33%.
|
0963ec6c-2075-4d6c-9ae2-13f62d0c3bd6
|
2660.0
|
2023-04-20 00:00:00 UTC
|
Codelco sees recovery in copper output with a 17% hike by end of decade -chairman
|
AAL
|
https://www.nasdaq.com/articles/codelco-sees-recovery-in-copper-output-with-a-17-hike-by-end-of-decade-chairman
|
nan
|
nan
|
By Fabian Cambero
SANTIAGO, April 20 (Reuters) - Chilean state-owned copper giant Codelco aims to boost its annual production at least 17% by the end of decade amid "extraordinarily strong" demand for the metal key to the green energy transition, Chairman Maximo Pacheco told Reuters.
The company, which is the world's largest producer of copper used to make wiring, electronics and many consumer products, has had to contend with declining ore grades in recent years and other operational challenges that Pacheco is now trying to tackle amid a surge in global demand.
"We need to strengthen project management because we have a plate full of structural projects worth billions of dollars, but not for a year or two," Pacheco said in an interview on Wednesday on the sidelines of the World Copper Conference in Santiago, the copper industry's largest gathering since 2019.
"We envision a decade where our investment will reach these levels, and probably more."
The company seeks to counteract a drop in ore grades with "structural projects" and maintain production levels, which fell in 2022to 1.45 million tonnes and are expected to drop again in 2023.
Pacheco hopes Codelco will recover this decade by overcoming operational obstacles and improving getting new initiatives off the ground.
"We hope to reach a level of 1.7 million tonnes before the end of the decade," Pacheco said. Codelco's production last touched those levels in 2021.
After a successful bond placement at the beginning of the year of $900 million to help finance projects, Pacheco said there's no interest in returning to the debt markets in the near future.
"What we do know is that we have a very good liquidity position, we have the cash resources to calmly finance our operations," Pacheco said.
FUTURE SYNERGIES
After Chilean officials earlier this week approved the expansion of Anglo American Plc's AAL.L Los Bronces Integrado mine - a project in which Codelco is a minority shareholder - Codelco said it expects future synergies and collaboration.
"We have a collaborative and cooperative relationship in logistics, transport and mining development," Pacheco said. "But we have a huge opportunity to improve, expand and strengthen that."
Los Bronces plans to use desalinated water to compensate for a severe drought that has plagued the country for over a decade, hurting copper production. But Pacheco said Andina was not planning on replicating the same model of underground exploitation tunnels, that are planned at Los Bronces, for future expansion.
Pacheco also said that the updated expansion plan for the underground El Teniente copper mine would be ready by the end of the year.
After a troubled 2022, including a fault at a pit wall at the Ministro Hales mine and a dome collapse in Chuquicamata, Pacheco said he expected the company to have "normalized" operations by July.
"I hope we won't have another year with so many incidents and bad news in terms of operations like in 2022," Pacheco said.
(Reporting by Fabian Cambero; writing by Alexander Villegas; editing by Ernest Scheyder and Marguerita Choy)
((Alexander.Villegas@thomsonreuters.com; +56 9 9818 8538;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
After Chilean officials earlier this week approved the expansion of Anglo American Plc's AAL.L Los Bronces Integrado mine - a project in which Codelco is a minority shareholder - Codelco said it expects future synergies and collaboration. The company, which is the world's largest producer of copper used to make wiring, electronics and many consumer products, has had to contend with declining ore grades in recent years and other operational challenges that Pacheco is now trying to tackle amid a surge in global demand. Los Bronces plans to use desalinated water to compensate for a severe drought that has plagued the country for over a decade, hurting copper production.
|
After Chilean officials earlier this week approved the expansion of Anglo American Plc's AAL.L Los Bronces Integrado mine - a project in which Codelco is a minority shareholder - Codelco said it expects future synergies and collaboration. By Fabian Cambero SANTIAGO, April 20 (Reuters) - Chilean state-owned copper giant Codelco aims to boost its annual production at least 17% by the end of decade amid "extraordinarily strong" demand for the metal key to the green energy transition, Chairman Maximo Pacheco told Reuters. The company seeks to counteract a drop in ore grades with "structural projects" and maintain production levels, which fell in 2022to 1.45 million tonnes and are expected to drop again in 2023.
|
After Chilean officials earlier this week approved the expansion of Anglo American Plc's AAL.L Los Bronces Integrado mine - a project in which Codelco is a minority shareholder - Codelco said it expects future synergies and collaboration. By Fabian Cambero SANTIAGO, April 20 (Reuters) - Chilean state-owned copper giant Codelco aims to boost its annual production at least 17% by the end of decade amid "extraordinarily strong" demand for the metal key to the green energy transition, Chairman Maximo Pacheco told Reuters. The company, which is the world's largest producer of copper used to make wiring, electronics and many consumer products, has had to contend with declining ore grades in recent years and other operational challenges that Pacheco is now trying to tackle amid a surge in global demand.
|
After Chilean officials earlier this week approved the expansion of Anglo American Plc's AAL.L Los Bronces Integrado mine - a project in which Codelco is a minority shareholder - Codelco said it expects future synergies and collaboration. Pacheco hopes Codelco will recover this decade by overcoming operational obstacles and improving getting new initiatives off the ground. "We hope to reach a level of 1.7 million tonnes before the end of the decade," Pacheco said.
|
21a87404-820a-4003-94f9-a1cdd448f0cb
|
2661.0
|
2023-04-20 00:00:00 UTC
|
Southwest Airlines (LUV) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
|
AAL
|
https://www.nasdaq.com/articles/southwest-airlines-luv-may-report-negative-earnings%3A-know-the-trend-ahead-of-next-weeks-0
|
nan
|
nan
|
Southwest Airlines (LUV) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on April 27, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This airline is expected to post quarterly loss of $0.21 per share in its upcoming report, which represents a year-over-year change of +34.4%.
Revenues are expected to be $5.74 billion, up 22.3% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 3.81% lower 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 the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
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 more recent version of the Zacks Consensus EPS estimate. 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 Southwest?
For Southwest, 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 -14.69%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Southwest 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 last reported quarter, it was expected that Southwest would post a loss of $0.03 per share when it actually produced a loss of $0.38, delivering a surprise of -1,166.67%.
Over the last four quarters, the company has beaten consensus EPS estimates three 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.
Southwest 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.
An Industry Player's Expected Results
Among the stocks in the Zacks Transportation - Airline industry, American Airlines (AAL) is soon expected to post earnings of $0.03 per share for the quarter ended March 2023. This estimate indicates a year-over-year change of +101.3%. This quarter's revenue is expected to be $12.26 billion, up 37.7% from the year-ago quarter.
The consensus EPS estimate for American Airlines has been revised 9.7% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of 80.67%.
When combined with a Zacks Rank of #2 (Buy), this Earnings ESP indicates that American Airlines will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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
Southwest Airlines Co. (LUV) : Free Stock Analysis 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.
|
An Industry Player's Expected Results Among the stocks in the Zacks Transportation - Airline industry, American Airlines (AAL) is soon expected to post earnings of $0.03 per share for the quarter ended March 2023. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
|
An Industry Player's Expected Results Among the stocks in the Zacks Transportation - Airline industry, American Airlines (AAL) is soon expected to post earnings of $0.03 per share for the quarter ended March 2023. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Southwest Airlines (LUV) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2023.
|
An Industry Player's Expected Results Among the stocks in the Zacks Transportation - Airline industry, American Airlines (AAL) is soon expected to post earnings of $0.03 per share for the quarter ended March 2023. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
|
An Industry Player's Expected Results Among the stocks in the Zacks Transportation - Airline industry, American Airlines (AAL) is soon expected to post earnings of $0.03 per share for the quarter ended March 2023. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The earnings report, which is expected to be released on April 27, 2023, might help the stock move higher if these key numbers are better than expectations.
|
c6a9f195-0da4-48ae-8436-b1b2a94217f9
|
2662.0
|
2023-04-20 00:00:00 UTC
|
Guru Fundamental Report for AAL
|
AAL
|
https://www.nasdaq.com/articles/guru-fundamental-report-for-aal-4
|
nan
|
nan
|
Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap growth stock in the Airline industry. The rating using this strategy is 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
UNIVERSE: PASS
NET PAYOUT YIELD: FAIL
QUALITY AND DEBT: PASS
VALUATION: PASS
RELATIVE STRENGTH: PASS
SHAREHOLDER YIELD: FAIL
Detailed Analysis of AMERICAN AIRLINES GROUP INC
AAL Guru Analysis
AAL Fundamental Analysis
More Information on Meb Faber
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, 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.
|
Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. AMERICAN AIRLINES GROUP INC (AAL) is a mid-cap growth stock in the Airline industry.
|
Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
|
Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
|
Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
|
e4178cf6-1e4b-4d0c-954e-78e2cacbd722
|
2663.0
|
2023-04-20 00:00:00 UTC
|
Alaska Air posts bigger-than-expected loss as costs mount
|
AAL
|
https://www.nasdaq.com/articles/alaska-air-posts-bigger-than-expected-loss-as-costs-mount
|
nan
|
nan
|
April 20 (Reuters) - Alaska Air Group ALK.N on Thursday reported a bigger-than-expected quarterly loss as higher expenses related to labor and fuel dented the carrier's margins.
As more people plan their travel after the pandemic kept them at home for a long period, airlines are struggling to capitalize on rising demand with limited capacity coupled with elevated cost pressures.
Earlier this month, American Airlines Group Inc AAL.O forecast first-quarter profit below market expectations, joining rival United Airlines Holdings Inc UAL.O in signaling a hit from increasing costs.
In January, Alaska Air warned that it would face pressures from higher labor costs and expenses related to pilot training as it phases out Airbus SE AIR.PA jets in favor of Boeing Co BA.N planes.
Shares of Alaska Air fell 1.49% in premarket trading on Thursday after the company forecast second-quarter cost per available seat mile (CASM), excluding fuel, to rise between 1% and 3%.
On an adjusted basis, the company posted a loss of 62 cents per share in the first quarter ended March 31, compared with analysts' average estimate of 48 cents per share, according to Refinitiv data.
Operating revenue for the quarter rose 31% to $2.19 billion.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Shinjini Ganguli)
((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Earlier this month, American Airlines Group Inc AAL.O forecast first-quarter profit below market expectations, joining rival United Airlines Holdings Inc UAL.O in signaling a hit from increasing costs. April 20 (Reuters) - Alaska Air Group ALK.N on Thursday reported a bigger-than-expected quarterly loss as higher expenses related to labor and fuel dented the carrier's margins. As more people plan their travel after the pandemic kept them at home for a long period, airlines are struggling to capitalize on rising demand with limited capacity coupled with elevated cost pressures.
|
Earlier this month, American Airlines Group Inc AAL.O forecast first-quarter profit below market expectations, joining rival United Airlines Holdings Inc UAL.O in signaling a hit from increasing costs. April 20 (Reuters) - Alaska Air Group ALK.N on Thursday reported a bigger-than-expected quarterly loss as higher expenses related to labor and fuel dented the carrier's margins. In January, Alaska Air warned that it would face pressures from higher labor costs and expenses related to pilot training as it phases out Airbus SE AIR.PA jets in favor of Boeing Co BA.N planes.
|
Earlier this month, American Airlines Group Inc AAL.O forecast first-quarter profit below market expectations, joining rival United Airlines Holdings Inc UAL.O in signaling a hit from increasing costs. April 20 (Reuters) - Alaska Air Group ALK.N on Thursday reported a bigger-than-expected quarterly loss as higher expenses related to labor and fuel dented the carrier's margins. In January, Alaska Air warned that it would face pressures from higher labor costs and expenses related to pilot training as it phases out Airbus SE AIR.PA jets in favor of Boeing Co BA.N planes.
|
Earlier this month, American Airlines Group Inc AAL.O forecast first-quarter profit below market expectations, joining rival United Airlines Holdings Inc UAL.O in signaling a hit from increasing costs. April 20 (Reuters) - Alaska Air Group ALK.N on Thursday reported a bigger-than-expected quarterly loss as higher expenses related to labor and fuel dented the carrier's margins. As more people plan their travel after the pandemic kept them at home for a long period, airlines are struggling to capitalize on rising demand with limited capacity coupled with elevated cost pressures.
|
ac7734ae-6d59-47c9-afbb-69fce1e70165
|
2664.0
|
2023-04-20 00:00:00 UTC
|
Should You Buy Delta Stock After A Downbeat Q1?
|
AAL
|
https://www.nasdaq.com/articles/should-you-buy-delta-stock-after-a-downbeat-q1
|
nan
|
nan
|
Delta Air Lines stock (NYSE: DAL) is up 4% in a month, aligning with the 5% rise for the broader S&P500 index. Despite its recent surge, DAL stock looks undervalued, in our view. Last week, the company reported its Q1 2023 results, with revenue of $11.8 billion, up 45% y-o-y and falling below the consensus estimate of $12.0 billion. The total available seat miles (ASM) grew 18% y-o-y while its passenger revenue per available seat mile (PRASM) rose 27% to 16.97 cents. The company saw its adjusted operating margin improve to 4.6% from -9.7% in the prior-year quarter. Higher revenues and margin expansion led to a significant rise in the bottom line to $0.25 on a per share and adjusted basis, vs. a loss of $1.23 in Q1 2022. Still, earnings fell short of the $0.30 consensus estimate.
Despite downbeat results, DAL stock moved higher, primarily due to its strong guidance. It expects Q2 sales to rise 16%, operating margin to rise to 15%, and EPS to be around $2.13 (all figures are at the mid-point of provided range). This outlook boded well with investors.
The rise in Delta’s revenues over the recent years can be attributed to a rebound in air travel demand, with passenger traffic and ticket yield rising meaningfully in the last few years. For perspective, Delta’s RPM surged 2.7x, and PRASM grew 80% between 2020 and 2022. The demand for air travel is expected to remain high in the near term, boding well for Delta.
We have updated our model to reflect the latest quarterly results. We now estimate Delta Air Lines’ Valuation to be $50, reflecting a 45% upside from its current level of $35. At its current levels, DAL stock is trading at 6x forward expected adjusted earnings of $5.55 (per Trefis estimates), compared to an average of 9x seen over the last two years, implying that the stock is undervalued. Furthermore, the travel demand will likely remain high in the near term, despite slowing economic growth, as consumers prioritize travel spending over other areas.
While DAL stock looks undervalued, it is helpful to see how Delta Air Lines’ Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Furthermore, the Covid-19 crisis has created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised at how counter-intuitive the stock valuation is for FedEx vs. Amkor.
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
Returns Apr 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
DAL Return -1% 5% -30%
S&P 500 Return 1% 8% 85%
Trefis Multi-Strategy Portfolio 2% 10% 246%
[1] Month-to-date and year-to-date as of 4/18/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Delta Air Lines stock (NYSE: DAL) is up 4% in a month, aligning with the 5% rise for the broader S&P500 index. Higher revenues and margin expansion led to a significant rise in the bottom line to $0.25 on a per share and adjusted basis, vs. a loss of $1.23 in Q1 2022. While DAL stock looks undervalued, it is helpful to see how Delta Air Lines’ Peers fare on metrics that matter.
|
The total available seat miles (ASM) grew 18% y-o-y while its passenger revenue per available seat mile (PRASM) rose 27% to 16.97 cents. At its current levels, DAL stock is trading at 6x forward expected adjusted earnings of $5.55 (per Trefis estimates), compared to an average of 9x seen over the last two years, implying that the stock is undervalued. Total [2] DAL Return -1% 5% -30% S&P 500 Return 1% 8% 85% Trefis Multi-Strategy Portfolio 2% 10% 246% [1] Month-to-date and year-to-date as of 4/18/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The rise in Delta’s revenues over the recent years can be attributed to a rebound in air travel demand, with passenger traffic and ticket yield rising meaningfully in the last few years. At its current levels, DAL stock is trading at 6x forward expected adjusted earnings of $5.55 (per Trefis estimates), compared to an average of 9x seen over the last two years, implying that the stock is undervalued. Total [2] DAL Return -1% 5% -30% S&P 500 Return 1% 8% 85% Trefis Multi-Strategy Portfolio 2% 10% 246% [1] Month-to-date and year-to-date as of 4/18/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Despite its recent surge, DAL stock looks undervalued, in our view. We now estimate Delta Air Lines’ Valuation to be $50, reflecting a 45% upside from its current level of $35. Total [2] DAL Return -1% 5% -30% S&P 500 Return 1% 8% 85% Trefis Multi-Strategy Portfolio 2% 10% 246% [1] Month-to-date and year-to-date as of 4/18/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
b85a7cee-12b6-487c-af5d-f4dff9d531b9
|
2665.0
|
2023-04-19 00:00:00 UTC
|
Noteworthy Wednesday Option Activity: SQ, CMC, AAL
|
AAL
|
https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-sq-cmc-aal
|
nan
|
nan
|
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Block Inc (Symbol: SQ), where a total volume of 125,526 contracts has been traded thus far today, a contract volume which is representative of approximately 12.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.1% of SQ's average daily trading volume over the past month, of 23.2 million shares. Especially high volume was seen for the $77.50 strike put option expiring April 21, 2023, with 15,011 contracts trading so far today, representing approximately 1.5 million underlying shares of SQ. Below is a chart showing SQ's trailing twelve month trading history, with the $77.50 strike highlighted in orange:
Commercial Metals Co. (Symbol: CMC) saw options trading volume of 5,080 contracts, representing approximately 508,000 underlying shares or approximately 53.9% of CMC's average daily trading volume over the past month, of 943,230 shares. Especially high volume was seen for the $50 strike call option expiring May 19, 2023, with 2,916 contracts trading so far today, representing approximately 291,600 underlying shares of CMC. Below is a chart showing CMC's trailing twelve month trading history, with the $50 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 125,137 contracts thus far today. That number of contracts represents approximately 12.5 million underlying shares, working out to a sizeable 52.4% of AAL's average daily trading volume over the past month, of 23.9 million shares. Particularly high volume was seen for the $13.50 strike call option expiring April 21, 2023, with 21,990 contracts trading so far today, representing approximately 2.2 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $13.50 strike highlighted in orange:
For the various different available expirations for SQ options, CMC options, or AAL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Ten Hedge Funds Holding ABAX
TFI YTD Return
PRXL Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Particularly high volume was seen for the $13.50 strike call option expiring April 21, 2023, with 21,990 contracts trading so far today, representing approximately 2.2 million underlying shares of AAL. Below is a chart showing CMC's trailing twelve month trading history, with the $50 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 125,137 contracts thus far today. That number of contracts represents approximately 12.5 million underlying shares, working out to a sizeable 52.4% of AAL's average daily trading volume over the past month, of 23.9 million shares.
|
Particularly high volume was seen for the $13.50 strike call option expiring April 21, 2023, with 21,990 contracts trading so far today, representing approximately 2.2 million underlying shares of AAL. Below is a chart showing CMC's trailing twelve month trading history, with the $50 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 125,137 contracts thus far today. That number of contracts represents approximately 12.5 million underlying shares, working out to a sizeable 52.4% of AAL's average daily trading volume over the past month, of 23.9 million shares.
|
Particularly high volume was seen for the $13.50 strike call option expiring April 21, 2023, with 21,990 contracts trading so far today, representing approximately 2.2 million underlying shares of AAL. Below is a chart showing CMC's trailing twelve month trading history, with the $50 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 125,137 contracts thus far today. That number of contracts represents approximately 12.5 million underlying shares, working out to a sizeable 52.4% of AAL's average daily trading volume over the past month, of 23.9 million shares.
|
Below is a chart showing AAL's trailing twelve month trading history, with the $13.50 strike highlighted in orange: For the various different available expirations for SQ options, CMC options, or AAL options, visit StockOptionsChannel.com. Below is a chart showing CMC's trailing twelve month trading history, with the $50 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 125,137 contracts thus far today. That number of contracts represents approximately 12.5 million underlying shares, working out to a sizeable 52.4% of AAL's average daily trading volume over the past month, of 23.9 million shares.
|
e5717bb9-c4a3-473d-aaf8-960f3f4e2713
|
2666.0
|
2023-04-19 00:00:00 UTC
|
Are Investors Undervaluing American Airlines (AAL) Right Now?
|
AAL
|
https://www.nasdaq.com/articles/are-investors-undervaluing-american-airlines-aal-right-now-1
|
nan
|
nan
|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 4.89 right now. For comparison, its industry sports an average P/E of 9.04. AAL's Forward P/E has been as high as 9,493.45 and as low as -3,032.07, with a median of 11.59, all within the past year.
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 0.18. This compares to its industry's average P/S of 0.41.
Finally, investors should note that AAL has a P/CF ratio of 3.87. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. AAL's P/CF compares to its industry's average P/CF of 10.88. AAL's P/CF has been as high as 26.90 and as low as -305.42, with a median of 11.72, all within the past year.
Investors could also keep in mind Delta Air Lines (DAL), an Transportation - Airline stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Shares of Delta Air Lines currently holds a Forward P/E ratio of 6.04, and its PEG ratio is 0.18. In comparison, its industry sports average P/E and PEG ratios of 9.04 and 0.29.
DAL's price-to-earnings ratio has been as high as 17.05 and as low as 5.73, with a median of 7.20, while its PEG ratio has been as high as 0.21 and as low as 0.17, with a median of 0.20, all within the past year.
Delta Air Lines also has a P/B ratio of 3.55 compared to its industry's price-to-book ratio of 3.78. Over the past year, its P/B ratio has been as high as 9.59, as low as 3.08, with a median of 4.82.
These are only a few of the key metrics included in American Airlines and Delta Air Lines strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, AAL and DAL look like an impressive value stock at the moment.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
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
Delta Air Lines, Inc. (DAL) : 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.
|
One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. AAL's Forward P/E has been as high as 9,493.45 and as low as -3,032.07, with a median of 11.59, all within the past year.
|
Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report To read this article on Zacks.com click here. One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
|
Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report To read this article on Zacks.com click here. One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
|
AAL has a P/S ratio of 0.18. One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
|
38ae1649-cb69-4e70-889a-bc16ad34cb7d
|
2667.0
|
2023-04-19 00:00:00 UTC
|
Calling All Investors, United Airlines is Cleared For Takeoff
|
AAL
|
https://www.nasdaq.com/articles/calling-all-investors-united-airlines-is-cleared-for-takeoff
|
nan
|
nan
|
United Airlines (NASDAQ: UAL) shares have seen increased volatility in the after-market trading hours after reporting first quarter 2023 earnings results. The stock reached a high of $44.75 immediately after the earnings report and followed a swift bounce back toward $43. Investors can attempt to make sense of this swing in market sentiment after dissecting what exactly was delivered within the release.
United Airlines stock has outperformed competitors like Delta Airlines (NYSE: DAL) and American Airlines (NASDAQ: AAL) over a twelve-month look-back period. This suggests that investors see the benefits of flying United versus the alternative. Moreover, after delivering pleasant top-line revenue growth and very aggressive year-end guidance for earnings per share, markets may be saving a rally for the stock in the near future.
The Lifeblood of Any Business
Cash flow is king during times of financial difficulty in the stock market. Easy times attract hyper-growth and aggressive valuation scenarios by analysts and investors alike; more challenging times are focused less on growth and multiples but on cash flow stabilization and recurrence.
Understanding the importance of cash flow for businesses and investors may be why United stock performed its initial rally after earnings since the company reported record cash flow levels in the first quarter. The first quarter of 2023 brought on nearly $1.3 billion in free cash flow (operating cash flows minus capital expenditures), keeping in perspective full-year free cash flow of $1.2 billion for 2022, a single quarter being more prominent than the last fiscal year results is most definitely bullish for investors.
Achieving record levels of free cash flow is made possible by a year-on-year 51.1% revenue growth pushed by having the lowest mainline flight and seat cancellation rates of any U.S. airline despite having the most flights impacted by weather, a testament to the efficiency of the airline's operations.
Regarding efficiency, gross margins (revenue after deducting fuels, salaries, and landing fees) grew from 25.6% in the first quarter of 2022 to 36.9% in the first quarter of 2023. The gross margin expansion comes amid a reduction in fuel expenses as a percentage of revenue from 29.5% in 2022 to 27.8% in 2023 and salary costs by the same period and metric from 36.8% to 29.1% despite inflationary pressures in both oil prices and wages.
Aside from the qualities that trickle down to shareholders as the income statement grows, free cash flow figures also allowed the company to reduce its net adjusted debt in 2022 by $4.6 billion. Debt reduction is something that the airline industry must focus on after taking on additional debt financing during the closures in the travel space during the lockdowns enforced by numerous jurisdictions.
Reaching Broader Skies
The ability to generate double-digit growth and record free cash flow in a single quarter showcased how resilient United Airlines is. However, the story does not end there. United has reached a tentative agreement with the International Association of Machinists & Aerospace Workers (IAM) for a new contract for their nearly 30,000 represented employees, ensuring that those who serviced the travel industry during one of the most challenging periods are heard.
Furthermore, United announced the most extensive South Pacific network expansion ever, going to and from the continental U.S. This network expansion initiative will result in nearly 40% more flights from the United States to New Zealand and Australia starting next Northern winter season.
To achieve volume targets for this year and onward, United has invested $32 million in an expansion project which will more than double available training space, supporting the airline's plan to hire and train 15,000 new members in 2023, including 4,000 new flight attendants.
In addition, understanding that their free cash flow generation, along with the lowest cancellation rates, came from the loyal customer base that United has built over years of service, the airline has announced a policy that will allow children under twelve years old to a seat next to an adult, since the inception of the policy approximately fifty thousand families have been able to travel jointly with their children.
The goodwill and reputational benefits achieved by something as simple as a seating policy will accrue to renewed memberships and additional customer reward account sign-ups.
Upside Cruising Altitude
Management added in their case for the 2023 guidance, where United Airlines is looking to post earnings per share of $3.50 to $4.00 for the second quarter and full-year diluted earnings per share in the range of $10 to $12. These significantly higher earning potentials seem aggressive to some. Still, after looking at the fantastic revenue and free cash flow posted in the first quarter, coupled with the expansion in flights and services announced within the report, it becomes more rational as a base case for the airline to achieve.
Considering the current stock price, UAL is trading at a cost-to-earnings multiple of 7.3x for last-twelve-months earnings per share and a 9.6x last-twelve-months free cash flow per share. Analysts assign a consensus price target of $56.97, implying a 32.4% upside from today's close. Investors may get a gut feeling that if management can successfully deliver on their $10-$12 EPS guidance for the year, the stock price target may be pushed upward by analysts adjusting models for such an achievement.
For investors on edge about this stock today, it would be beneficial to know that the firm's NAV (net asset value), computed as total assets minus total debt per share, stands at $42.60 as of the latest financials reported. Moreover, the stock has formed a channel around these prices since the start of 2021, signaling solid support for NAV awaiting more robust evidence of a bullish catalyst, such as those seen in today's earnings and management guidance.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
United Airlines stock has outperformed competitors like Delta Airlines (NYSE: DAL) and American Airlines (NASDAQ: AAL) over a twelve-month look-back period. The gross margin expansion comes amid a reduction in fuel expenses as a percentage of revenue from 29.5% in 2022 to 27.8% in 2023 and salary costs by the same period and metric from 36.8% to 29.1% despite inflationary pressures in both oil prices and wages. United has reached a tentative agreement with the International Association of Machinists & Aerospace Workers (IAM) for a new contract for their nearly 30,000 represented employees, ensuring that those who serviced the travel industry during one of the most challenging periods are heard.
|
United Airlines stock has outperformed competitors like Delta Airlines (NYSE: DAL) and American Airlines (NASDAQ: AAL) over a twelve-month look-back period. Understanding the importance of cash flow for businesses and investors may be why United stock performed its initial rally after earnings since the company reported record cash flow levels in the first quarter. The first quarter of 2023 brought on nearly $1.3 billion in free cash flow (operating cash flows minus capital expenditures), keeping in perspective full-year free cash flow of $1.2 billion for 2022, a single quarter being more prominent than the last fiscal year results is most definitely bullish for investors.
|
United Airlines stock has outperformed competitors like Delta Airlines (NYSE: DAL) and American Airlines (NASDAQ: AAL) over a twelve-month look-back period. Understanding the importance of cash flow for businesses and investors may be why United stock performed its initial rally after earnings since the company reported record cash flow levels in the first quarter. The first quarter of 2023 brought on nearly $1.3 billion in free cash flow (operating cash flows minus capital expenditures), keeping in perspective full-year free cash flow of $1.2 billion for 2022, a single quarter being more prominent than the last fiscal year results is most definitely bullish for investors.
|
United Airlines stock has outperformed competitors like Delta Airlines (NYSE: DAL) and American Airlines (NASDAQ: AAL) over a twelve-month look-back period. Moreover, after delivering pleasant top-line revenue growth and very aggressive year-end guidance for earnings per share, markets may be saving a rally for the stock in the near future. Understanding the importance of cash flow for businesses and investors may be why United stock performed its initial rally after earnings since the company reported record cash flow levels in the first quarter.
|
4e665c2b-78dd-40ae-b52e-c4bf35992913
|
2668.0
|
2023-04-19 00:00:00 UTC
|
TIMELINE-Glencore in hot pursuit of Teck as it seeks copper assets
|
AAL
|
https://www.nasdaq.com/articles/timeline-glencore-in-hot-pursuit-of-teck-as-it-seeks-copper-assets
|
nan
|
nan
|
Adds Justin Trudeau's comments
May 2 (Reuters) - Canadian Prime Minister Justin Trudeau said in an interview to Bloomberg Television last week that any takeover bid for Teck Resources Ltd TECKb.TO would have to get through a "rigorous process" to get consent from the government.
Here is a snapshot of key events in the saga so far.
Date
Development
March 26
Glencore privately offers to merge with Teck Resources in a $22.5 billion all-share deal.
April 3
Teck rejects Glencore's offer citing reluctance to expose its shareholders to thermal coal, oil, LNG and related sectors.
April 10
Teck Chief Executive Jonathan Price reinforces the rejection of Glencore's unsolicited bid and tells shareholders that Teck's restructuring plan is the only viable option.
Reuters reports that Glencore Chief Executive Gary Nagle plans to personally meet some Canadian shareholders of Teck to get their support for the merger.
April 11
Glencore modifies its $22.5 billion all-share takeover bid to include up to $8.2 billion in cash, which Teck's board dubs "largely unchanged".
April 12
Several Teck shareholders ask Glencore to sweeten its takeover bid.
April 13
Teck rejects the improved bid and tweaks its own restructuring plan to allow for an earlier full separation of its metals and coal divisions.
Influential proxy advisor Institutional Shareholder Services (ISS) advises shareholders to reject Teck's restructuring plan on uncertainties and structural issues.
April 14
Bloomberg News reports that Teck's biggest shareholder China Investment Corp (CIC) favors Glencore's revised offer as it allows investors to exit their coal exposure for cash.
April 15
Bloomberg News reports that Advisory firm Glass Lewis has recommended to its shareholders to vote against Teck's plan to spin off its coal segment.
April 16
Vale SA VALE3.SA, Anglo American Plc AAL.L and Freeport-McMoRan Inc FCX.N, among others, approach Teck to explore deals for its base metals business if the spinoff takes places, sources tell Reuters.
Teck's Chairman Emeritus Norman Keevil says he would support deals for the base metals business of Teck post spinoff.
April 17
A source tells Reuters that Glencore's executives have met or spoken with some 120 Teck shareholders to win support for their takeover bid.
Teck denies media reports that stated its largest shareholder CIC favored the Glencore deal.
April 18
Teck CEO Price again advises shareholders to back the spinoff in a hastily arranged conference call after skipping the World Copper Conference in Chile.
April 19
In an open letter, Glencore says it is willing to improve the $22.5 billion bid and will consider taking the offer directly to shareholders if Teck's board refuses to discuss the deal.
Teck says Glencore is seeking to frustrate the vote and pre-empt a competitive future landscape. Teck reiterates its recommendation that shareholders vote for a planned spin-off.
Teck shareholder Waratah Capital Advisors says it has voted against the restructuring plan. As of March 7, the asset management firm held about 2.3 million class B subordinated voting shares.
April 21
Norway's sovereign wealth fund, one of the world's largest investors, says it would support Teck's spinoff proposal.
April 24
Canadian Finance Minister Chrystia Freeland says Teck should remain headquartered in Canada amid the merger talk.
April 26
Teck withdraws its proposed restructuring proposal ahead of a shareholder vote on the plan.
April 28
Canada's Prime Minister Justin Trudeau says in an interview to Bloomberg Television that any potential takeover of Teck would need to get through a "rigorous process" to win government approval.
(Reporting by Sourasis Bose in Bengaluru; Editing by Shilpi Majumdar and Sriraj Kalluvila)
((Sourasis.Bose@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
April 16 Vale SA VALE3.SA, Anglo American Plc AAL.L and Freeport-McMoRan Inc FCX.N, among others, approach Teck to explore deals for its base metals business if the spinoff takes places, sources tell Reuters. April 14 Bloomberg News reports that Teck's biggest shareholder China Investment Corp (CIC) favors Glencore's revised offer as it allows investors to exit their coal exposure for cash. April 28 Canada's Prime Minister Justin Trudeau says in an interview to Bloomberg Television that any potential takeover of Teck would need to get through a "rigorous process" to win government approval.
|
April 16 Vale SA VALE3.SA, Anglo American Plc AAL.L and Freeport-McMoRan Inc FCX.N, among others, approach Teck to explore deals for its base metals business if the spinoff takes places, sources tell Reuters. Adds Justin Trudeau's comments May 2 (Reuters) - Canadian Prime Minister Justin Trudeau said in an interview to Bloomberg Television last week that any takeover bid for Teck Resources Ltd TECKb.TO would have to get through a "rigorous process" to get consent from the government. April 10 Teck Chief Executive Jonathan Price reinforces the rejection of Glencore's unsolicited bid and tells shareholders that Teck's restructuring plan is the only viable option.
|
April 16 Vale SA VALE3.SA, Anglo American Plc AAL.L and Freeport-McMoRan Inc FCX.N, among others, approach Teck to explore deals for its base metals business if the spinoff takes places, sources tell Reuters. April 10 Teck Chief Executive Jonathan Price reinforces the rejection of Glencore's unsolicited bid and tells shareholders that Teck's restructuring plan is the only viable option. April 15 Bloomberg News reports that Advisory firm Glass Lewis has recommended to its shareholders to vote against Teck's plan to spin off its coal segment.
|
April 16 Vale SA VALE3.SA, Anglo American Plc AAL.L and Freeport-McMoRan Inc FCX.N, among others, approach Teck to explore deals for its base metals business if the spinoff takes places, sources tell Reuters. April 15 Bloomberg News reports that Advisory firm Glass Lewis has recommended to its shareholders to vote against Teck's plan to spin off its coal segment. April 17 A source tells Reuters that Glencore's executives have met or spoken with some 120 Teck shareholders to win support for their takeover bid.
|
24236e15-a03e-44a5-91bf-8b25cb3a7805
|
2669.0
|
2023-04-19 00:00:00 UTC
|
Zacks Investment Ideas feature highlights: Meta Platforms, General Electric and American Air Lines
|
AAL
|
https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-meta-platforms-general-electric-and-american
|
nan
|
nan
|
For Immediate Release
Chicago, IL – April 19, 2023 – Today, Zacks Investment Ideas feature highlights Meta Platforms META, General Electric GE and American Air Lines AAL.
Don't Overlook These 3 Upcoming Earnings Reports
Earnings season is always an exciting time to be an investor, with companies finally pulling the curtain back and unveiling what's transpired behind closed doors.
As usual, the big banks opened the season, with things shifting into a higher gear this week.
For those seeking companies that could positively surprise during the action-packed period, Meta Platforms, General Electric and American Air Lines could all be contenders.
Currently, all three sport a positive Zacks Earnings ESP.
Zacks Earnings ESP (Expected Surprise Prediction) finds companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is more accurate and can better predict the future, providing investors an advantage in earnings season.
Meta Platforms
An investor favorite, Meta Platforms, has seen its near-term earnings outlook shift bright over the last several months, landing the stock into a favorable Zacks Rank #1 (Strong Buy). Currently, META has an Earnings ESP Score of 7.8%, with earnings expected on April 26th.
The company posted a big beat in its latest release, surpassing the Zacks Consensus EPS Estimate by more than 40% and delivering a 3% sales surprise. Below is a chart illustrating the market's reaction to previous quarterly releases.
For the quarter to be reported, the Zacks Consensus EPS Estimate of $1.96 indicates a pullback within earnings year-over-year. In addition, the company's top line is also forecasted to retrace marginally, with the $27.5 billion quarterly estimate indicating a 1.5% Y/Y decline.
American Airlines
American Airlines' earnings outlook has improved substantially across all timeframes over the last 60 days, reflecting bullish sentiment among analysts. Currently, AAL has an Earnings ESP Score of 67%, with earnings scheduled to hit on April 27th.
The company's growth is hard to ignore; the Zacks Consensus EPS Estimate of $0.04 for the quarter to be reported implies an improvement of 100% year-over-year. Further, our consensus revenue estimate stands at $12.3 billion, nearly 40% higher than year-ago quarterly sales of $8.9 billion.
The company's revenue has recovered from the pandemic shock, with sales now eclipsing pre-pandemic levels.
General Electric
Like the stocks above, General Electric has witnessed positive earnings estimate revisions, helping push the stock into the highly-coveted Zacks Rank #1 (Strong Buy). GE currently has an Earnings ESP Score of 10.1%, with earnings expected to drop on April 25th.
The market reacted well to the company's latest earnings release, as we can see illustrated in the chart below. General Electric posted earnings of $1.24 per share, reflecting a solid 12% beat. Impressively, the company boasts a 28% four-quarter trailing average EPS beat.
Regarding the upcoming release, the Zacks Consensus EPS Estimate of $0.13 indicates a decline in earnings from the year-ago quarter. The company's top line is forecasted to witness a slowdown also, with the $13.4 billion quarterly estimate implying a decline of roughly 20% year-over-year.
Bottom Line
With earnings season shifting into higher gear, investors will remain busy sorting through quarterly prints daily. We've already received results from many big banks, with the majority posting better-than-expected results.
And for those seeking stocks that can positively surprise, all three above – Meta Platforms, General Electric and American Air Lines – deserve a watchlist spot.
When combining a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of a bottom line beat is as high as 70%, according to our 10-year backtest.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
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 https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
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
General Electric Company (GE) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : 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.
|
For Immediate Release Chicago, IL – April 19, 2023 – Today, Zacks Investment Ideas feature highlights Meta Platforms META, General Electric GE and American Air Lines AAL. Currently, AAL has an Earnings ESP Score of 67%, with earnings scheduled to hit on April 27th. Click to get this free report General Electric Company (GE) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
For Immediate Release Chicago, IL – April 19, 2023 – Today, Zacks Investment Ideas feature highlights Meta Platforms META, General Electric GE and American Air Lines AAL. Click to get this free report General Electric Company (GE) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Currently, AAL has an Earnings ESP Score of 67%, with earnings scheduled to hit on April 27th.
|
Click to get this free report General Electric Company (GE) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – April 19, 2023 – Today, Zacks Investment Ideas feature highlights Meta Platforms META, General Electric GE and American Air Lines AAL. Currently, AAL has an Earnings ESP Score of 67%, with earnings scheduled to hit on April 27th.
|
For Immediate Release Chicago, IL – April 19, 2023 – Today, Zacks Investment Ideas feature highlights Meta Platforms META, General Electric GE and American Air Lines AAL. Currently, AAL has an Earnings ESP Score of 67%, with earnings scheduled to hit on April 27th. Click to get this free report General Electric Company (GE) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
4c76cfe3-a7b3-4e97-a631-9c1748728426
|
2670.0
|
2023-04-19 00:00:00 UTC
|
What's in Store for C.H. Robinson (CHRW) in Q1 Earnings?
|
AAL
|
https://www.nasdaq.com/articles/whats-in-store-for-c.h.-robinson-chrw-in-q1-earnings-0
|
nan
|
nan
|
C.H. Robinson Worldwide CHRW is scheduled to report first-quarter 2023 results on Apr 26, after market close.
C.H. Robinson has outperformed the Zacks Consensus Estimate in two of the preceding four quarters and missed in the other two. However, the average beat was 7.64%.
Let’s see how things have shaped up for C.H. Robinson this earnings season.
Q1 Expectations
The Zacks Consensus Estimate for C.H. Robinson’s first-quarter 2023 revenues is pegged at $4.78 billion, indicating a 29.87% decline year over year. The top line is likely to have been weighed down by the lower pricing and volume across most of CHRW’s services.
The Zacks Consensus Estimate for first-quarter North American Surface Transportation’s revenues is pegged at $3,335 million, indicating an 18.9% decrease from the year-ago reported figure. Lower truckload pricing and volume might have weighed on the segmental revenues.
The Zacks Consensus Estimate for first-quarter Global Forwarding revenues is pegged at $985 million, indicating a 55.1% decline from the year-ago reported figure. The downside is likely to have been caused by lower pricing and volumes in CHRW’s ocean and air services.
The Zacks Consensus Estimate for first-quarter All Other and Corporate (Robinson Fresh, Managed Services and Other Surface Transportation) revenues is pegged at $491 million, indicating a 3.2% decline from the year-ago reported figure.
However, escalating operating expenses, primarily due to a rise in personnel expenses and selling, general and administrative expenses, might have dented C.H. Robinson’s bottom line in the first quarter. The Zacks Consensus Estimate for CHRW’s first-quarter 2023 earnings has been revised downward by 17.2% in the past 90 days.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for C.H. Robinson this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
C.H. Robinson has an Earnings ESP of -6.16% and a Zacks Rank #4 (Sell).
C.H. Robinson Worldwide, Inc. Price and EPS Surprise
C.H. Robinson Worldwide, Inc. price-eps-surprise | C.H. Robinson Worldwide, Inc. Quote
Highlights of Q4
C.H. Robinson’s fourth-quarter 2022 earnings of $1.03 per share missed the Zacks Consensus Estimate of $1.35 and declined 40.8% year over year. Total revenues of $5066.8 million lagged the Zacks Consensus Estimate of $5601.8 million and declined 22.1% to $5.1 billion, driven by lower pricing and volume across most of our services.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their first-quarter 2023earnings.
Copa Holdings, S.A. (CPA) has an Earnings ESP of +19.57% and a Zacks Rank #1. CPA will release results on May 10. You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of more than 100% for the first quarter. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s first-quarter earnings has improved 6.1% over the past 60 days.
American Airlines (AAL) has an Earnings ESP of +66.67% and a Zacks Rank #2. AAL will release results on Apr 27.
AAL has an expected earnings growth rate of more than 100% for the first quarter. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s first-quarter earnings has improved more than 100% over the past 60 days.
Canadian National Railway Company CNI has an Earnings ESP of +1.72% and a Zacks Rank #3. CNI will release results on Apr 24.
CNI has an expected earnings growth rate of 18.3% for the first quarter. CNI delivered a trailing four-quarter earnings surprise of 3.46%, on average.
CNI has a long-term earnings growth rate of 7.72%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
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
Canadian National Railway Company (CNI) : Free Stock Analysis Report
C.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis 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.
|
American Airlines (AAL) has an Earnings ESP of +66.67% and a Zacks Rank #2. AAL will release results on Apr 27. AAL has an expected earnings growth rate of more than 100% for the first quarter.
|
Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) has an Earnings ESP of +66.67% and a Zacks Rank #2. AAL will release results on Apr 27.
|
Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) has an Earnings ESP of +66.67% and a Zacks Rank #2. AAL will release results on Apr 27.
|
American Airlines (AAL) has an Earnings ESP of +66.67% and a Zacks Rank #2. AAL will release results on Apr 27. AAL has an expected earnings growth rate of more than 100% for the first quarter.
|
5742be11-0a84-47e7-bcd5-6207918e0e26
|
2671.0
|
2023-04-18 00:00:00 UTC
|
Unusual Put Option Trade in American Airlines Group (AAL) Worth $150.74K
|
AAL
|
https://www.nasdaq.com/articles/unusual-put-option-trade-in-american-airlines-group-aal-worth-%24150.74k
|
nan
|
nan
|
On April 18, 2023 at 11:51:45 ET an unusually large $150.74K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.17 sigmas above the mean, placing it in the 87.19th percentile of all recent large trades made in AAL options.
This trade was first picked up on Fintel's real time Unusual Option Trades tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1002 funds or institutions reporting positions in American Airlines Group. This is an increase of 9 owner(s) or 0.91% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%. Total shares owned by institutions decreased in the last three months by 3.37% to 396,278K shares.
The put/call ratio of AAL is 2.51, indicating a bearish outlook.
Analyst Price Forecast Suggests 31.92% Upside
As of April 6, 2023, the average one-year price target for American Airlines Group is $17.28. The forecasts range from a low of $8.08 to a high of $27.30. The average price target represents an increase of 31.92% from its latest reported closing price of $13.10.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group is $51,177MM, an increase of 4.50%. The projected annual non-GAAP EPS is $1.52.
What are Other Shareholders Doing?
Edmond De Rothschild Holding holds 30K shares representing 0.00% ownership of the company. No change in the last quarter.
Mv Capital Management holds 0K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing a decrease of 22.97%. The firm decreased its portfolio allocation in AAL by 99.92% over the last quarter.
Capital Wealth Alliance holds 13K shares representing 0.00% ownership of the company. No change in the last quarter.
Mach-1 Financial Group holds 42K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 99.52%. The firm decreased its portfolio allocation in AAL by 91.62% over the last quarter.
GATAX - The Gabelli Asset Fund holds 0K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing a decrease of 100.00%. The firm decreased its portfolio allocation in AAL by 52.23% over the last quarter.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
See all American Airlines Group regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On April 18, 2023 at 11:51:45 ET an unusually large $150.74K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.17 sigmas above the mean, placing it in the 87.19th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%.
|
On April 18, 2023 at 11:51:45 ET an unusually large $150.74K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.17 sigmas above the mean, placing it in the 87.19th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%.
|
On April 18, 2023 at 11:51:45 ET an unusually large $150.74K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.17 sigmas above the mean, placing it in the 87.19th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%.
|
On April 18, 2023 at 11:51:45 ET an unusually large $150.74K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.17 sigmas above the mean, placing it in the 87.19th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%.
|
95c67695-2e5a-4ea3-ad5a-d20db8803dbf
|
2672.0
|
2023-04-18 00:00:00 UTC
|
Unusual Put Option Trade in American Airlines Group (AAL) Worth $209.47K
|
AAL
|
https://www.nasdaq.com/articles/unusual-put-option-trade-in-american-airlines-group-aal-worth-%24209.47k
|
nan
|
nan
|
On April 18, 2023 at 12:08:17 ET an unusually large $209.47K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $15.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.89 sigmas above the mean, placing it in the 96.71th percentile of all recent large trades made in AAL options.
This trade was first picked up on Fintel's real time Unusual Option Trades tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1002 funds or institutions reporting positions in American Airlines Group. This is an increase of 9 owner(s) or 0.91% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%. Total shares owned by institutions decreased in the last three months by 3.37% to 396,278K shares.
The put/call ratio of AAL is 2.51, indicating a bearish outlook.
Analyst Price Forecast Suggests 31.92% Upside
As of April 6, 2023, the average one-year price target for American Airlines Group is $17.28. The forecasts range from a low of $8.08 to a high of $27.30. The average price target represents an increase of 31.92% from its latest reported closing price of $13.10.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group is $51,177MM, an increase of 4.50%. The projected annual non-GAAP EPS is $1.52.
What are Other Shareholders Doing?
Creative Planning holds 189K shares representing 0.03% ownership of the company. In it's prior filing, the firm reported owning 195K shares, representing a decrease of 3.41%. The firm decreased its portfolio allocation in AAL by 11.40% over the last quarter.
Creative Financial Designs holds 0K shares representing 0.00% ownership of the company. No change in the last quarter.
JOHN HANCOCK VARIABLE INSURANCE TRUST - Strategic Equity Allocation Trust Series NAV holds 76K shares representing 0.01% ownership of the company. No change in the last quarter.
Landscape Capital Management, L.l.c. holds 28K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Scotia Capital holds 31K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 18K shares, representing an increase of 43.58%. The firm increased its portfolio allocation in AAL by 77.77% over the last quarter.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
See all American Airlines Group regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On April 18, 2023 at 12:08:17 ET an unusually large $209.47K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $15.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.89 sigmas above the mean, placing it in the 96.71th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%.
|
On April 18, 2023 at 12:08:17 ET an unusually large $209.47K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $15.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.89 sigmas above the mean, placing it in the 96.71th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%.
|
On April 18, 2023 at 12:08:17 ET an unusually large $209.47K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $15.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.89 sigmas above the mean, placing it in the 96.71th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%.
|
On April 18, 2023 at 12:08:17 ET an unusually large $209.47K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $15.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.89 sigmas above the mean, placing it in the 96.71th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%.
|
24c11b77-e935-4937-ad74-709be0452e91
|
2673.0
|
2023-04-18 00:00:00 UTC
|
Unusual Put Option Trade in American Airlines Group (AAL) Worth $155.72K
|
AAL
|
https://www.nasdaq.com/articles/unusual-put-option-trade-in-american-airlines-group-aal-worth-%24155.72k
|
nan
|
nan
|
On April 18, 2023 at 12:04:04 ET an unusually large $155.72K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.23 sigmas above the mean, placing it in the 88.40th percentile of all recent large trades made in AAL options.
This trade was first picked up on Fintel's real time Unusual Option Trades tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1002 funds or institutions reporting positions in American Airlines Group. This is an increase of 9 owner(s) or 0.91% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%. Total shares owned by institutions decreased in the last three months by 3.37% to 396,278K shares.
The put/call ratio of AAL is 2.51, indicating a bearish outlook.
Analyst Price Forecast Suggests 31.92% Upside
As of April 6, 2023, the average one-year price target for American Airlines Group is $17.28. The forecasts range from a low of $8.08 to a high of $27.30. The average price target represents an increase of 31.92% from its latest reported closing price of $13.10.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group is $51,177MM, an increase of 4.50%. The projected annual non-GAAP EPS is $1.52.
What are Other Shareholders Doing?
Jpmorgan Chase holds 1,620K shares representing 0.25% ownership of the company. In it's prior filing, the firm reported owning 787K shares, representing an increase of 51.44%. The firm increased its portfolio allocation in AAL by 99.70% over the last quarter.
IYY - iShares Dow Jones U.S. ETF holds 26K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 26K shares, representing a decrease of 1.28%. The firm increased its portfolio allocation in AAL by 7.90% over the last quarter.
SPINX - SIIT S&P 500 Index Fund - holds 87K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 90K shares, representing a decrease of 3.44%. The firm increased its portfolio allocation in AAL by 8.37% over the last quarter.
Connor, Clark & Lunn Investment Management holds 947K shares representing 0.15% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Orion Portfolio Solutions holds 24K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 19K shares, representing an increase of 19.83%. The firm decreased its portfolio allocation in AAL by 99.88% over the last quarter.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
See all American Airlines Group regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On April 18, 2023 at 12:04:04 ET an unusually large $155.72K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.23 sigmas above the mean, placing it in the 88.40th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%.
|
On April 18, 2023 at 12:04:04 ET an unusually large $155.72K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.23 sigmas above the mean, placing it in the 88.40th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%.
|
On April 18, 2023 at 12:04:04 ET an unusually large $155.72K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.23 sigmas above the mean, placing it in the 88.40th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%.
|
On April 18, 2023 at 12:04:04 ET an unusually large $155.72K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $14.00 / share, expiring in 31 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.23 sigmas above the mean, placing it in the 88.40th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.13%, a decrease of 3.85%.
|
b6bb90c9-bebb-4068-a3f4-e7267e3f8920
|
2674.0
|
2023-04-18 00:00:00 UTC
|
Don't Overlook These 3 Upcoming Earnings Reports
|
AAL
|
https://www.nasdaq.com/articles/dont-overlook-these-3-upcoming-earnings-reports
|
nan
|
nan
|
Earnings season is always an exciting time to be an investor, with companies finally pulling the curtain back and unveiling what’s transpired behind closed doors.
As usual, the big banks opened the season, with things shifting into a higher gear this week.
For those seeking companies that could positively surprise during the action-packed period, Meta Platforms META, General Electric GE, and American Air Lines AAL could all be contenders.
Below is a chart illustrating the year-to-date performance of all three stocks, with the S&P 500 blended in as a benchmark.
Image Source: Zacks Investment Research
Currently, all three sport a positive Zacks Earnings ESP.
Zacks Earnings ESP (Expected Surprise Prediction) finds companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is more accurate and can better predict the future, providing investors an advantage in earnings season.
Meta Platforms
An investor favorite, Meta Platforms, has seen its near-term earnings outlook shift bright over the last several months, landing the stock into a favorable Zacks Rank #1 (Strong Buy). Currently, META has an Earnings ESP Score of 7.8%, with earnings expected on April 26th.
The company posted a big beat in its latest release, surpassing the Zacks Consensus EPS Estimate by more than 40% and delivering a 3% sales surprise. Below is a chart illustrating the market’s reaction to previous quarterly releases.
Image Source: Zacks Investment Research
For the quarter to be reported, the Zacks Consensus EPS Estimate of $1.96 indicates a pullback within earnings year-over-year. In addition, the company’s top line is also forecasted to retrace marginally, with the $27.5 billion quarterly estimate indicating a 1.5% Y/Y decline.
Image Source: Zacks Investment Research
American Airlines
American Airlines’ earnings outlook has improved substantially across all timeframes over the last 60 days, reflecting bullish sentiment among analysts. Currently, AAL has an Earnings ESP Score of 67%, with earnings scheduled to hit on April 27th.
Image Source: Zacks Investment Research
The company’s growth is hard to ignore; the Zacks Consensus EPS Estimate of $0.04 for the quarter to be reported implies an improvement of 100% year-over-year. Further, our consensus revenue estimate stands at $12.3 billion, nearly 40% higher than year-ago quarterly sales of $8.9 billion.
As we can see below, the company’s revenue has recovered from the pandemic shock, with sales now eclipsing pre-pandemic levels.
Image Source: Zacks Investment Research
General Electric
Like the stocks above, General Electric has witnessed positive earnings estimate revisions, helping push the stock into the highly-coveted Zacks Rank #1 (Strong Buy). GE currently has an Earnings ESP Score of 10.1%, with earnings expected to drop on April 25th.
The market reacted well to the company’s latest earnings release, as we can see illustrated in the chart below. General Electric posted earnings of $1.24 per share, reflecting a solid 12% beat. Impressively, the company boasts a 28% four-quarter trailing average EPS beat.
Image Source: Zacks Investment Research
Regarding the upcoming release, the Zacks Consensus EPS Estimate of $0.13 indicates a decline in earnings from the year-ago quarter. The company’s top line is forecasted to witness a slowdown also, with the $13.4 billion quarterly estimate implying a decline of roughly 20% year-over-year.
Image Source: Zacks Investment Research
Bottom Line
With earnings season shifting into higher gear, investors will remain busy sorting through quarterly prints daily. We’ve already received results from many big banks, with the majority posting better-than-expected results.
And for those seeking stocks that can positively surprise, all three above – Meta Platforms META, General Electric GE, and American Air Lines AAL – deserve a watchlist spot.
When combining a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of a bottom line beat is as high as 70%, according to our 10-year backtest.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
General Electric Company (GE) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : 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.
|
For those seeking companies that could positively surprise during the action-packed period, Meta Platforms META, General Electric GE, and American Air Lines AAL could all be contenders. Currently, AAL has an Earnings ESP Score of 67%, with earnings scheduled to hit on April 27th. And for those seeking stocks that can positively surprise, all three above – Meta Platforms META, General Electric GE, and American Air Lines AAL – deserve a watchlist spot.
|
Click to get this free report General Electric Company (GE) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. For those seeking companies that could positively surprise during the action-packed period, Meta Platforms META, General Electric GE, and American Air Lines AAL could all be contenders. Currently, AAL has an Earnings ESP Score of 67%, with earnings scheduled to hit on April 27th.
|
Click to get this free report General Electric Company (GE) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. For those seeking companies that could positively surprise during the action-packed period, Meta Platforms META, General Electric GE, and American Air Lines AAL could all be contenders. Currently, AAL has an Earnings ESP Score of 67%, with earnings scheduled to hit on April 27th.
|
For those seeking companies that could positively surprise during the action-packed period, Meta Platforms META, General Electric GE, and American Air Lines AAL could all be contenders. Currently, AAL has an Earnings ESP Score of 67%, with earnings scheduled to hit on April 27th. And for those seeking stocks that can positively surprise, all three above – Meta Platforms META, General Electric GE, and American Air Lines AAL – deserve a watchlist spot.
|
9b434182-d794-497b-afdc-84a119bc3998
|
2675.0
|
2023-04-18 00:00:00 UTC
|
Pilots at Canada's WestJet Airlines approve possible strike action
|
AAL
|
https://www.nasdaq.com/articles/pilots-at-canadas-westjet-airlines-approve-possible-strike-action
|
nan
|
nan
|
Adds comments from union, context
April 18 (Reuters) - WestJet Airlines pilots on Tuesday voted overwhelmingly in favor of possible strike action as early as May 16, underscoring broader efforts by North American pilots to make gains on salary and working conditions as traffic rises.
Pilots at Onex Corp's ONEX.TO WestJet Group, Canada's second-largest carrier, could strike or be locked out if notice is given on May 13, union representative Bernard Lewall said.
Participating pilots voted 93% in favor of strike authorization, said Lewall, chair of the local union with the Air Line Pilots Association (ALPA).
Calgary-based WestJet was not immediately available for comment.
About 1,700 pilots flying for WestJet, and affiliate budget carrier Swoop are negotiating through the federal conciliation process, which will end on April 24, ALPA said.
If that process isn't extended and an agreement isn't reached, a strike or lockout could be held ahead of the Victoria Day long weekend on May 22.
Lewall said the union is pushing for one set of working conditions for member pilots, even as members press for higher pay.
Some airline executives are concerned that hefty pilot raises will inflate fixed costs and make it tougher to repair debt-laden balance sheets.
Delta Air Lines DAL.N pilots ratified a new contract in March that includes $7 billion in cumulative increases in pay and benefits over four years.
Pilots at American Airlines Group AAL.O, said earlier in April they are "near" to reaching an agreement-in-principle with the U.S. carrier on a new contract. Their union, the Allied Pilots Association is also holding a strike authorization vote that concludes on April 30th.
However, it would be very hard for the Allied pilots to walk off the job because of a complex labor process in the United States that makes it difficult for airline workers to strike.
(Reporting By Allison Lampert in Montreal; Editing by Chris Reese and Sharon Singleton)
((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters Messaging: allison.lampert.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.
|
Pilots at American Airlines Group AAL.O, said earlier in April they are "near" to reaching an agreement-in-principle with the U.S. carrier on a new contract. Pilots at Onex Corp's ONEX.TO WestJet Group, Canada's second-largest carrier, could strike or be locked out if notice is given on May 13, union representative Bernard Lewall said. Some airline executives are concerned that hefty pilot raises will inflate fixed costs and make it tougher to repair debt-laden balance sheets.
|
Pilots at American Airlines Group AAL.O, said earlier in April they are "near" to reaching an agreement-in-principle with the U.S. carrier on a new contract. Adds comments from union, context April 18 (Reuters) - WestJet Airlines pilots on Tuesday voted overwhelmingly in favor of possible strike action as early as May 16, underscoring broader efforts by North American pilots to make gains on salary and working conditions as traffic rises. Participating pilots voted 93% in favor of strike authorization, said Lewall, chair of the local union with the Air Line Pilots Association (ALPA).
|
Pilots at American Airlines Group AAL.O, said earlier in April they are "near" to reaching an agreement-in-principle with the U.S. carrier on a new contract. Adds comments from union, context April 18 (Reuters) - WestJet Airlines pilots on Tuesday voted overwhelmingly in favor of possible strike action as early as May 16, underscoring broader efforts by North American pilots to make gains on salary and working conditions as traffic rises. Pilots at Onex Corp's ONEX.TO WestJet Group, Canada's second-largest carrier, could strike or be locked out if notice is given on May 13, union representative Bernard Lewall said.
|
Pilots at American Airlines Group AAL.O, said earlier in April they are "near" to reaching an agreement-in-principle with the U.S. carrier on a new contract. Adds comments from union, context April 18 (Reuters) - WestJet Airlines pilots on Tuesday voted overwhelmingly in favor of possible strike action as early as May 16, underscoring broader efforts by North American pilots to make gains on salary and working conditions as traffic rises. Participating pilots voted 93% in favor of strike authorization, said Lewall, chair of the local union with the Air Line Pilots Association (ALPA).
|
b45b6c97-9422-499c-b67d-8976566a2947
|
2676.0
|
2023-04-18 00:00:00 UTC
|
J.B. Hunt (JBHT) Q1 Earnings & Revenues Lag Estimates, Down Y/Y
|
AAL
|
https://www.nasdaq.com/articles/j.b.-hunt-jbht-q1-earnings-revenues-lag-estimates-down-y-y
|
nan
|
nan
|
J.B. Hunt Transport Services, Inc.’s JBHT first-quarter 2023 earnings of $1.89 per share missed the Zacks Consensus Estimate of $2.04 and declined 17.5% year over year.
Total operating revenues of $3,229.58 million also lagged the Zacks Consensus Estimate of $3,434.4 million and fell 7.4% year over year. The downfall was due to declines in the volume of 25% in Integrated Capacity Solutions (ICS), 5% in Intermodal (JBI) and 17% in Final Mile Services (FMS), and a 17% decline in revenue per load in Truckload (JBT). Revenue declines in ICS, JBI, FMS and JBT were partially offset by Dedicated Contract Services (DCS) revenue growth of 13%.
Total operating revenues, excluding fuel surcharges, decreased 10.2% year over year.
J.B. Hunt Transport Services, Inc. Price, Consensus and EPS Surprise
J.B. Hunt Transport Services, Inc. price-consensus-eps-surprise-chart | J.B. Hunt Transport Services, Inc. Quote
Operating income for the first quarter decreased 17% year over yearto $277.5 million, owing to lower volumes and pressure on customer rate and cost recovery efforts across ICS, JBI and JBT.
Net interest expense for the first quarter increased 17.5% year over yeardue to higher effective interest rates, partially offset by a slightly lower consolidated debt balance.
Operating expenses fell 6.4% to $2,952.09 million.
On Jan 1, 2023, J.B. Hunt transferred most of JBT’s company-owned trucking operations to DCS and transferred its less-than-truckload brokerage operations from ICS to FMS.
Segmental Highlights
Intermodal division generated quarterly revenues of $1.54 billion, down 4% year over year, owing to a 5% decrease in volume. Gross revenue per load grew 1%, resulting from changes in the mix of freight, customer rates and fuel surcharge revenues. Revenue per load, excluding fuel surcharge revenue, was flat year over year.Eastern network loads increased 1%, while transcontinental loads fell 9%.
Operating income fell 16% year over yearin the first quarter due to lower volumes and the resulting impact on tractor and trailing utilization trends.
Dedicated Contract Services segment revenues rose 13% from the year-ago period to $879 million due to a 7% increase in average revenue producing trucks and a 5% increase in productivity (revenue per truck per week) versus the prior period. The company’s fleet, at the end of the quarter, had 541 more revenue-producing trucks (on a net basis) versus a year ago.
Operating income grew 29% year over yeardue to higher revenues, driven by greater productivity and utilization of assets, contracted indexed-based price escalators, and the maturing of new business onboarded over the trailing 12 months.
Integrated Capacity Solutions revenues decreased 42% year over year to $385 million. Segmental volumes decreased 25%. Revenue per load fell 22% due to changes in the customer freight mix and lower contractual and transactional rates in the company’s truckload business.
JBHT reported an operating loss of $5.4 million against the operating income of $24.2 million in the year-ago quarter. The loss wasowing to lower gross profit and higher insurance-related expenses, partially offset by lower personnel-related expenses and reduced technology costs.
Truckload revenues fell 10% to $206 million. Excluding fuel surcharge revenues, segmental revenues fell 15% year over year, owing to a 22% decline in revenue per load, partially offset by an 8% increase in load volume. At the first-quarter end, total tractors and trailers were 2,162 and 14,935 compared with the year-ago quarter’s figures of 1,624 and 11,655, respectively.
Operating income fell 83% year over year to $5 million due to a decline in revenue per load, higher insurance-related costs.
Final Mile Services revenues fell 4% year over year to $225 million due to weak demand across many of the industry verticals served. The revenue decline was partially offset by the previously announced acquisition of Zenith Freight Lines, LLC and multiple new customer contracts implemented over the trailing 12 months, along with improved revenue quality at underperforming accounts.
Operating income increased $6.0 million from the prior-year quarter due to internal efforts to improve revenue quality and manage costs.
Liquidity & Buyback
J.B. Hunt exited the first quarter with cash and cash equivalents of $52.60 million compared with $51.93 million at the end of fourth-quarter 2022. Long-term debt was $991.71million compared with $1,261.73 million at the end of fourth-quarter 2022.
Net capital expenditures for the first quarter were $379.83 million compared with $289.12 million in the year-ago period.
In the first quarter of 2023, JBHT purchased almost 183,000 shares for $31 million. As of Mar 31, 2023, JBHT had approximately $520 million remaining under its share repurchase authorization.
Currently, J.B. Hunt carries a Zacks Rank #3 (Hold).
Upcoming Releases
Here are a few stocks from the broader Zacks Transportation sector slated to release their first-quarter 2023 earnings.
Copa Holdings, S.A. (CPA) has an Earnings ESP of +13.66% and a Zacks Rank #1 (Strong Buy). CPA will release results on May 10. You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of more than 100% for the first quarter. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s first-quarter earnings has improved 6.1% over the past 60 days.
American Airlines (AAL) has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27.
AAL has an expected earnings growth rate of more than 100% for the first quarter. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s first-quarter earnings has improved more than 100% over the past 60 days.
Canadian National Railway Co. CNI has an Earnings ESP of +1.72% and a Zacks Rank #3. CNI will release results on Apr 24.
CNI has an expected earnings growth rate of 18.3% for the first quarter. CNI delivered a trailing four-quarter earnings surprise of 3.46%, on average.
CNI has a long-term earnings growth rate of 7.72%.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
Canadian National Railway Company (CNI) : Free Stock Analysis Report
J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis 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.
|
American Airlines (AAL) has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27. AAL has an expected earnings growth rate of more than 100% for the first quarter.
|
Click to get this free report Canadian National Railway Company (CNI) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27.
|
Click to get this free report Canadian National Railway Company (CNI) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27.
|
American Airlines (AAL) has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27. AAL has an expected earnings growth rate of more than 100% for the first quarter.
|
1ada7beb-5f3f-4e38-b742-25ece481b1c4
|
2677.0
|
2023-04-18 00:00:00 UTC
|
Teck sees split plan as 'most strategic' option for shareholders
|
AAL
|
https://www.nasdaq.com/articles/teck-sees-split-plan-as-most-strategic-option-for-shareholders
|
nan
|
nan
|
Adds details from copper conference, deal background, comments from Anglo and Ivanhoe CEOs
SANTIAGO, April 18 (Reuters) - Teck Resources Ltd's TECKb.TO plan to split its coal and copper businesses is the "most strategic" option for shareholders, a senior executive said on Tuesday, as the company ratchets up efforts to block Glencore Plc's GLEN.L$22.5 billion takeover attempt.
Glencore's unsolicited bid for Teck earlier this month was the latest in a wave of mining industry buyout offers fueled in part by rising global opposition to new mine construction and growing demand for copper, a metal key to the green energy transition.
Teck's leadership has repeatedly rejected Glencore's offeras too low and one that would unnecessarily expose its shareholders to Glencore's large thermal coal business and an unwanted oil trading business. Vancouver-based Teck has scheduled a shareholder vote for April 26 on its split plan.
"We're excited about the decision that we put to our shareholders," Teck Chief Operating Officer Harry Conger said during a panel presentation at the World Copper Conference in Santiago.
Conger, who declined to elaborate when approached after his panel presentation, was a last-minute replacement for Teck CEO Jonathan Price at the conference, which the company is sponsoring.
Teck, which has said it would explore a corporate transaction or partnership if it splits, has been approached by Anglo AmericanPlc AAL.L and five other miners interested in its base metals business, sources told Reuters earlier this week.
Duncan Wanblad, Anglo's CEO, declined on Tuesday to comment on Teck's takeover approaches, but said he would be open to a partnership between Teck's Quebrada Blanca Phase 2 (QB2) copper project and Glencore and Anglo's jointly owned Collahuasi mine, both in Chile.
A banker close to the situation said that a joint venture between the two assets could be valued at around $25 billion.
"I do absolutely see that there is a Collahuasi/QB2 approach and independently of what happens to Teck, there is an opportunity there that we will all go after," Wanblad said on Tuesday during Anglo's Sustainability Performance Review.
Separately, Robert Friedland, CEO of Canadian miner Ivanhoe Mines Ltd IVN.TO, said in a series of tweets on Monday night that Canada's government should not "lightly sacrifice" Teck to Switzerland-based Glencore at a time when Ottawa wants to position itself as a key global supplier of green energy transition minerals.
"It is short-sighted to sell to Glencore without exploring Teck's valuable opportunities across the industry," Friedland said.
(Reporting by Clara Denina in London, Ernest Scheyder in Santiago and Divya Rajagopal in Toronto; Editing by Andrea Ricci)
((ernest.scheyder@thomsonreuters.com; Twitter: @ErnestScheyder; +1-713-210-8512; Reuters Messaging: ernest.scheyder.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.
|
Teck, which has said it would explore a corporate transaction or partnership if it splits, has been approached by Anglo AmericanPlc AAL.L and five other miners interested in its base metals business, sources told Reuters earlier this week. "We're excited about the decision that we put to our shareholders," Teck Chief Operating Officer Harry Conger said during a panel presentation at the World Copper Conference in Santiago. Conger, who declined to elaborate when approached after his panel presentation, was a last-minute replacement for Teck CEO Jonathan Price at the conference, which the company is sponsoring.
|
Teck, which has said it would explore a corporate transaction or partnership if it splits, has been approached by Anglo AmericanPlc AAL.L and five other miners interested in its base metals business, sources told Reuters earlier this week. Adds details from copper conference, deal background, comments from Anglo and Ivanhoe CEOs SANTIAGO, April 18 (Reuters) - Teck Resources Ltd's TECKb.TO plan to split its coal and copper businesses is the "most strategic" option for shareholders, a senior executive said on Tuesday, as the company ratchets up efforts to block Glencore Plc's GLEN.L$22.5 billion takeover attempt. Duncan Wanblad, Anglo's CEO, declined on Tuesday to comment on Teck's takeover approaches, but said he would be open to a partnership between Teck's Quebrada Blanca Phase 2 (QB2) copper project and Glencore and Anglo's jointly owned Collahuasi mine, both in Chile.
|
Teck, which has said it would explore a corporate transaction or partnership if it splits, has been approached by Anglo AmericanPlc AAL.L and five other miners interested in its base metals business, sources told Reuters earlier this week. Adds details from copper conference, deal background, comments from Anglo and Ivanhoe CEOs SANTIAGO, April 18 (Reuters) - Teck Resources Ltd's TECKb.TO plan to split its coal and copper businesses is the "most strategic" option for shareholders, a senior executive said on Tuesday, as the company ratchets up efforts to block Glencore Plc's GLEN.L$22.5 billion takeover attempt. Duncan Wanblad, Anglo's CEO, declined on Tuesday to comment on Teck's takeover approaches, but said he would be open to a partnership between Teck's Quebrada Blanca Phase 2 (QB2) copper project and Glencore and Anglo's jointly owned Collahuasi mine, both in Chile.
|
Teck, which has said it would explore a corporate transaction or partnership if it splits, has been approached by Anglo AmericanPlc AAL.L and five other miners interested in its base metals business, sources told Reuters earlier this week. Adds details from copper conference, deal background, comments from Anglo and Ivanhoe CEOs SANTIAGO, April 18 (Reuters) - Teck Resources Ltd's TECKb.TO plan to split its coal and copper businesses is the "most strategic" option for shareholders, a senior executive said on Tuesday, as the company ratchets up efforts to block Glencore Plc's GLEN.L$22.5 billion takeover attempt. Glencore's unsolicited bid for Teck earlier this month was the latest in a wave of mining industry buyout offers fueled in part by rising global opposition to new mine construction and growing demand for copper, a metal key to the green energy transition.
|
12ef65de-d445-4104-a1f2-cb5526417d61
|
2678.0
|
2023-04-18 00:00:00 UTC
|
Is a Beat in Store for United Parcel's (UPS) Q1 Earnings?
|
AAL
|
https://www.nasdaq.com/articles/is-a-beat-in-store-for-united-parcels-ups-q1-earnings
|
nan
|
nan
|
United Parcel Service, Inc. UPS is scheduled to report first-quarter 2023 results on Apr 25, before market open.
The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 4.36%.
Let’s see how things have shaped up for United Parcel this earnings season.
Q1 Expectations
The Zacks Consensus Estimate for United Parcel’s first-quarter 2023 revenues and our estimate for the same are both pegged at $22.94 billion, indicating a year-over-year decline of 5.92% .
The Zacks Consensus Estimate for first-quarter U.S. Domestic Package revenues is pegged at $14,836 million, indicating a 1.9% decline from the year-ago reported figure.
The Zacks Consensus Estimate for first-quarter International Package revenues is pegged at $4,544 million, indicating a 6.8% decline from the year-ago reported figure. Reduction in average daily volume due to lower domestic volume and softness in China trade lanes are expected to have weighed on segmental revenues.
The Zacks Consensus Estimate for first-quarter Supply Chain and Freight revenues is pegged at $3,397 million, indicating a 22.4% decline from the year-ago reported figure. The downfall is anticipated to have resulted from volume and market rate declines in air and ocean freight forwarding.
On the flip side, high fuel costs are likely to have dented UPS’ bottom-line performance in the to-be-reported quarter. Rising capital expenditure further adds to its woes. Moreover, a decline in shipping volumes due to weakening demand is likely to have been concerning. Notably, the Zacks Consensus Estimate for UPS’s first-quarter 2023 earnings has been revised downward by 19.1% in the past 90 days.
What Our Model Says
Our proven model predicts an earnings beat for United Parcel this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as you can see below. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
United Parcel has an Earnings ESP of +5.02% and a Zacks Rank #3.
United Parcel Service, Inc. Price and EPS Surprise
United Parcel Service, Inc. price-eps-surprise | United Parcel Service, Inc. Quote
Highlights of Q4
United Parcel’s fourth-quarter 2022 earnings of $3.62 per share beat the Zacks Consensus Estimate of $3.58 and improved 0.8% year over year. Revenues of $27,033 million lagged the Zacks Consensus Estimate of $27,946.6 million and decreased 2.7% year over year.
Other Stocks to Consider
Here are a few other stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these also have the right combination of elements to beat their first-quarter 2023 earnings.
Copa Holdings, S.A. CPA has an Earnings ESP of +13.66% and currently sports a Zacks Rank #1. CPA will release results on May 10.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of more than 100% for the first quarter. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s first-quarter earnings has improved 6.1% over the past 60 days.
American Airlines AAL has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27.
AAL has an expected earnings growth rate of more than 100% for the first quarter. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s first-quarter earnings has improved more than 100% over the past 60 days.
Canadian National Railway Company CNI has an Earnings ESP of +1.72% and a Zacks Rank #3. CNI will release results on Apr 24.
CNI has an expected earnings growth rate of 18.3% for the first quarter. CNI delivered a trailing four-quarter earnings surprise of 3.46%, on average.
CNI has a long-term earnings growth rate of 7.72%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
Canadian National Railway Company (CNI) : Free Stock Analysis Report
United Parcel Service, Inc. (UPS) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis 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.
|
American Airlines AAL has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27. AAL has an expected earnings growth rate of more than 100% for the first quarter.
|
Click to get this free report Canadian National Railway Company (CNI) : Free Stock Analysis Report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27.
|
Click to get this free report Canadian National Railway Company (CNI) : Free Stock Analysis Report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27.
|
The Zacks Consensus Estimate for AAL’s first-quarter earnings has improved more than 100% over the past 60 days. Click to get this free report Canadian National Railway Company (CNI) : Free Stock Analysis Report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL has an Earnings ESP of +75.82% and a Zacks Rank #2.
|
3fce2570-f11f-4d0c-85f4-9b691691832f
|
2679.0
|
2023-04-17 00:00:00 UTC
|
ANALYSIS-Boeing's latest production problem compounds operational headache for US carriers
|
AAL
|
https://www.nasdaq.com/articles/analysis-boeings-latest-production-problem-compounds-operational-headache-for-us-carriers
|
nan
|
nan
|
By Rajesh Kumar Singh and Valerie Insinna
CHICAGO/WASHINGTON, April 17 (Reuters) - A manufacturing problem with Boeing Co's BA.N 737 MAX jets that led to a pause in some deliveries threatens to disrupt plans by U.S. carriers to boost capacity to capitalize on a busy summer travel season.
It is expected to result not just in lost revenue, but will likely also drive up airlines' operating costs, industry experts said.
Carriers are already grappling with shortages of pilots, air traffic controllers and new planes, making it harder to add more flights. They are leaning on bigger planes that can accommodate more passengers to get around operational challenges.
Boeing's latest problem, identified last week, affects a portion of the 737 MAX family of airplanes, including the bestselling MAX 8.
The MAX 737-8 planes tend to have higher seating capacity compared with jets of previous generations. The delays in their delivery will only compound airlines' operational headaches, said Addison Schonland, partner at consulting firm AirInsight.
"The timing is awkward," Schonland said. "You're going into the peak (travel) season. They need the bigger capacity."
While it is not deemed to be a safety of flight issue and in-service planes can continue to operate, aircraft will need to be fixed before delivery.
The impact on airlines could be even more pronounced if the FAA mandates an emergency fix to in-service planes as opposed to allowing jets to be modified during scheduled maintenance, said Vertical Research Partners analyst Robert Stallard.
Airlines are still scrambling to get all the details and assess the impact on delivery schedules.
Boeing declined to comment on how many planes will be affected. CEO David Calhoun is expected to provide further details at the company's annual shareholder meeting on Tuesday.
Bank of America analyst Ron Epstein, who estimated 690 MAX 8s have been produced since 2019, believes "upwards of two-thirds" could be impacted.
DELAYED RETIREMENT
Boeing was scheduled to deliver 199 MAX planes to Southwest Airlines LUV.N, United Airlines UAL.O and American Airlines AAL.O this year. Just 50 have been delivered so far.
Data from ch-Aviation & AirInsight Group shows the MAX-8 planes account for 7.6% of fleets at U.S. carriers. At Southwest, that rises to more than 21%.
The Dallas-based carrier, aiming to increase capacity by at least 15% this year, had expected to receive 90 MAX planes in 2023. Boeing has delivered just 29.
A Southwest spokesperson said Boeing's production issue will impact the airline's current delivery schedule, but added the company has no plans to adjust flight schedules.
But Tom Nekouei, a vice president at the Southwest Airlines Pilots Association, is not sure the company can operate its schedule. Since the low-cost carrier flies only 737s, its flight plans are the most vulnerable to Boeing's delivery delays, he said.
Nekouei and some analysts expect Southwest to delay retirement of 27 older-generation Boeing 737-700 planes. Not only do those planes burn more fuel, they also have 18% fewer seats than MAX 8 jets at Southwest.
That could mean higher operating costs and lower revenue for Southwest, which is recovering from a more than $1 billion hit due to an operational disruption around last Christmas.
Jefferies analysts estimate each MAX plane is worth 0.1% of Southwest's capacity in the second half of 2023. The delivery delays could also dent its full-year profit by 3%.
Boeing's production problem could also have implications for United, which is planning to increase capacity and has yet to receive nearly three-fourths of its MAX jet order this year.
Last year, CEO Scott Kirby called Boeing's deliveries the biggest risk to the airline's capacity growth plans.
While a United spokesperson said the company does not expect "significant" impact on 2023 capacity plans, Jefferies sees a 0.1% impact on second-half domestic capacity and a 2% hit on full-year profit.
Unlike Southwest, United has a mixed fleet, which can be leveraged to offset the impact of delays in MAX deliveries.
(Reporting by Rajesh Kumar Singh in Chicago and Valerie Insinna in Washington Editing by Ben Klayman and Matthew Lewis)
((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.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.
|
Boeing was scheduled to deliver 199 MAX planes to Southwest Airlines LUV.N, United Airlines UAL.O and American Airlines AAL.O this year. By Rajesh Kumar Singh and Valerie Insinna CHICAGO/WASHINGTON, April 17 (Reuters) - A manufacturing problem with Boeing Co's BA.N 737 MAX jets that led to a pause in some deliveries threatens to disrupt plans by U.S. carriers to boost capacity to capitalize on a busy summer travel season. The impact on airlines could be even more pronounced if the FAA mandates an emergency fix to in-service planes as opposed to allowing jets to be modified during scheduled maintenance, said Vertical Research Partners analyst Robert Stallard.
|
Boeing was scheduled to deliver 199 MAX planes to Southwest Airlines LUV.N, United Airlines UAL.O and American Airlines AAL.O this year. A Southwest spokesperson said Boeing's production issue will impact the airline's current delivery schedule, but added the company has no plans to adjust flight schedules. While a United spokesperson said the company does not expect "significant" impact on 2023 capacity plans, Jefferies sees a 0.1% impact on second-half domestic capacity and a 2% hit on full-year profit.
|
Boeing was scheduled to deliver 199 MAX planes to Southwest Airlines LUV.N, United Airlines UAL.O and American Airlines AAL.O this year. By Rajesh Kumar Singh and Valerie Insinna CHICAGO/WASHINGTON, April 17 (Reuters) - A manufacturing problem with Boeing Co's BA.N 737 MAX jets that led to a pause in some deliveries threatens to disrupt plans by U.S. carriers to boost capacity to capitalize on a busy summer travel season. A Southwest spokesperson said Boeing's production issue will impact the airline's current delivery schedule, but added the company has no plans to adjust flight schedules.
|
Boeing was scheduled to deliver 199 MAX planes to Southwest Airlines LUV.N, United Airlines UAL.O and American Airlines AAL.O this year. Since the low-cost carrier flies only 737s, its flight plans are the most vulnerable to Boeing's delivery delays, he said. Boeing's production problem could also have implications for United, which is planning to increase capacity and has yet to receive nearly three-fourths of its MAX jet order this year.
|
ae883a34-e232-47fe-b269-308c6f160ee3
|
2680.0
|
2023-04-17 00:00:00 UTC
|
Anglo American's Los Bronces project granted environmental permit
|
AAL
|
https://www.nasdaq.com/articles/anglo-americans-los-bronces-project-granted-environmental-permit
|
nan
|
nan
|
Adds context, adds confirmation from gov
SANTIAGO, April 17 (Reuters) - Chile's ministry of environment on Monday said that a committee of government ministers approved an environmental permit for a $3 billion extension of Anglo American's Los Bronces project in Chile.
Environmentalists and social groups have criticized the initiative located in the Andes Mountains, near the Chilean capital, for its long-term impact on a nearby glacier, as well as on the area's water supply.
Last May, the global mining company said it would continue to seek approval for the Los Bronces copper mine after being initially rejected by the Environmental Assessment Service (SEA).
The committee - made up of the ministries of mining, agriculture, energy, economy, and health and chaired by the environment ministry - is not part of the Chilean EAS but has the power to hear and review environmental resolutions.
In a statement, the ministry of environment said the committee approved the permit on the grounds of a series of "demanding" environmental conditions proposed by the company.
The National Mining Society (Sonami) union said the approval would be a "powerful signal" to promote investment in the sector.
The Los Bronces extension seeks to sustain production levels and extend the mine's life through to 2036, according to the company.
Anglo American AAL.L said last year that it would supply half of its Los Bronces project with desalinated water from 2025, amid environmental criticism.
The project is part of Anglo American Sur, owned by Anglo American (50.1%), the Codelco-Mitsui consortium (29.5%) and Mitsubishi (20.4%).
Last year, Chilean authorities rejected a project that sought to extend the life of the small El Soldado copper mine, also owned by Anglo American.
(Reporting by Fabian Cambero; Writing by Isabel Woodford; Editing by Brendan O'Boyle and Sandra Maler)
((Brendan.OBoyle@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Anglo American AAL.L said last year that it would supply half of its Los Bronces project with desalinated water from 2025, amid environmental criticism. Environmentalists and social groups have criticized the initiative located in the Andes Mountains, near the Chilean capital, for its long-term impact on a nearby glacier, as well as on the area's water supply. In a statement, the ministry of environment said the committee approved the permit on the grounds of a series of "demanding" environmental conditions proposed by the company.
|
Anglo American AAL.L said last year that it would supply half of its Los Bronces project with desalinated water from 2025, amid environmental criticism. Adds context, adds confirmation from gov SANTIAGO, April 17 (Reuters) - Chile's ministry of environment on Monday said that a committee of government ministers approved an environmental permit for a $3 billion extension of Anglo American's Los Bronces project in Chile. Last May, the global mining company said it would continue to seek approval for the Los Bronces copper mine after being initially rejected by the Environmental Assessment Service (SEA).
|
Anglo American AAL.L said last year that it would supply half of its Los Bronces project with desalinated water from 2025, amid environmental criticism. Adds context, adds confirmation from gov SANTIAGO, April 17 (Reuters) - Chile's ministry of environment on Monday said that a committee of government ministers approved an environmental permit for a $3 billion extension of Anglo American's Los Bronces project in Chile. Last May, the global mining company said it would continue to seek approval for the Los Bronces copper mine after being initially rejected by the Environmental Assessment Service (SEA).
|
Anglo American AAL.L said last year that it would supply half of its Los Bronces project with desalinated water from 2025, amid environmental criticism. In a statement, the ministry of environment said the committee approved the permit on the grounds of a series of "demanding" environmental conditions proposed by the company. Last year, Chilean authorities rejected a project that sought to extend the life of the small El Soldado copper mine, also owned by Anglo American.
|
fb2872f6-3948-480a-8d28-ae976b0e2dbf
|
2681.0
|
2023-04-17 00:00:00 UTC
|
Spirit Airlines' (SAVE) Flight Attendants Vote for Pay Hike
|
AAL
|
https://www.nasdaq.com/articles/spirit-airlines-save-flight-attendants-vote-for-pay-hike
|
nan
|
nan
|
Spirit Airlines SAVE received encouraging tidings on the labor front when the union representing its flight attendants ratified a new pay-related contract. The approval of the contract makes the concerned employees (6,000 flight attendants) eligible for base wage hikes between 10% and 27% with immediate effect.
The company's flight attendants are represented by the union — Association of Flight Attendants-CWA. The duration of the contract is two years and eight months. The agreement pertaining to the terms of the contract was reached after prolonged negotiations under Section 6 of the Railway Labor Act. On being put to vote, 75% flight attendants voted in favor of the deal.
Per Jason Kachenmeister, AFA’s president for SAVE, “This contract will make an immediate difference in Spirit Flight Attendants’ lives. Spirit Flight Attendants have locked in three raises, additional pay factor improvements, better rest on layovers, all while maintaining our healthcare insurance with no premium increases. We also achieved significant scheduling protections and additional pay when irregular operations cause cancellations or delays.”
The approval of the contract is an encouraging development for Spirit Airlines, as satisfied labor groups generally imply greater operational efficiency.
Zacks Rank & Key Picks
Spirit Airlines currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Zacks Airline industry are Copa Holdings CPA and American Airlines AAL .
Copa Holdings is benefiting from an improvement in air-travel demand. In fourth-quarter 2022, passenger revenues increased 29.5% due to higher yields.
CPA’s focus on its cargo segment is encouraging. In fourth-quarter 2022, cargo and mail revenues grew 69% on higher cargo volumes and yields. Copa Holdings' fleet modernization and cost-management efforts are commendable.
The above-mentioned tailwinds are likely to continue aiding this Latin American carrier, currently sporting a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for the company’s current-year earnings has been revised 10% upward over the past 60 days.
You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines, currently carrying a Zacks Rank #2 (Buy), is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are affecting its bottom line.
Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 18.1% upward. The stock has outpaced the Zacks Consensus Estimate for earnings in three of the last four quarters (missed once), the average beat being 7.79%.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
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
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE) : 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.
|
Some better-ranked stocks in the Zacks Airline industry are Copa Holdings CPA and American Airlines AAL . The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 18.1% upward.
|
Some better-ranked stocks in the Zacks Airline industry are Copa Holdings CPA and American Airlines AAL . Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 18.1% upward. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Some better-ranked stocks in the Zacks Airline industry are Copa Holdings CPA and American Airlines AAL . Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
|
Some better-ranked stocks in the Zacks Airline industry are Copa Holdings CPA and American Airlines AAL . The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 18.1% upward.
|
cb910e0d-c9f5-4a22-b701-84387433abf0
|
2682.0
|
2023-04-17 00:00:00 UTC
|
Why Investors Should Hold CSX Corporation (CSX) Stock Now
|
AAL
|
https://www.nasdaq.com/articles/why-investors-should-hold-csx-corporation-csx-stock-now
|
nan
|
nan
|
CSX Corporation (CSX) is benefiting from rising export of coal volumes and solid investor-friendly measures. However, supply-chain disruptions are headwinds.
Factors Favoring CSX
CSX’s top line is benefiting from higher export coal volumes, domestic intermodal shipments, volume growth in other segments and pricing gains. Evidently, coal revenues increased 36% in 2022 driven by strength in export coal. High export coal prices and fuel surcharge revenues are expected to bolster the top line in the near term.
CSX’s commitment to reward its shareholders is encouraging. In February 2023 the company announced a 10% hike in its quarterly dividend to 11cents per share. In 2022, CSX rewarded shareholders roughly $5,583 million through buybacks ($4,731 million) and dividends ($852 million). In 2021, the company returned more than $3.7 billion to shareholders through buybacks ($2.9 billion) and dividends (over $800 million).
Key Risk
CSX’s operations are being hurt by supply-chain disturbances, including labor and equipment shortages. Weakness in Merchandise due to semiconductor shortage is concerning. Revenues from Intermodal (internationally) are expected to be affected at least in the near-term due to headwinds like inflationary pressures.
Zacks Rank & Key Picks
CSX currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Transportation sector are American Airlines (AAL) and Copa Holdings, S.A. (CPA).
American Airlines, currently carries a Zacks Rank #2 (Buy), is benefiting from the improved air-travel-demand situation. In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
For first-quarter and full-year 2023, AAL’s earnings are expected to register 101.3% and 396% growth, respectively, on a year-over-year basis.
Copa Holdings sports a Zacks Rank #1 at present. We are encouraged by CPA's focus on its cargo segment.
For first-quarter and full-year 2023, CPA’s earnings are expected to register 324.3% and 42.5% growth, respectively, on a year-over-year basis.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
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
CSX Corporation (CSX) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis 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.
|
Some better-ranked stocks in the Zacks Transportation sector are American Airlines (AAL) and Copa Holdings, S.A. (CPA). In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%. For first-quarter and full-year 2023, AAL’s earnings are expected to register 101.3% and 396% growth, respectively, on a year-over-year basis.
|
Click to get this free report CSX Corporation (CSX) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the Zacks Transportation sector are American Airlines (AAL) and Copa Holdings, S.A. (CPA). In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%.
|
Click to get this free report CSX Corporation (CSX) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the Zacks Transportation sector are American Airlines (AAL) and Copa Holdings, S.A. (CPA). In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%.
|
Click to get this free report CSX Corporation (CSX) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the Zacks Transportation sector are American Airlines (AAL) and Copa Holdings, S.A. (CPA). In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%.
|
8f7d8fc7-8463-4d46-87ae-83052c9ea6ed
|
2683.0
|
2023-04-17 00:00:00 UTC
|
PREVIEW-Big copper deals to take centerstage in Santiago as demand heats up
|
AAL
|
https://www.nasdaq.com/articles/preview-big-copper-deals-to-take-centerstage-in-santiago-as-demand-heats-up-0
|
nan
|
nan
|
Repeats April 16 story with no changes
SANTIAGO, April 16 (Reuters) - Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry's growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition.
The buyout trend comes as Indigenous groups, host communities and others increasingly oppose the industry's attempts to build new mines, obstacles fueling the growing realization among mining companies that they may need to combine in order to grow.
Glencore Plc GLEN.L last month offered $22.5 billion to buy smaller rival Teck Resources Ltd TECKb.TO, an offer that Teck has so far rejected in favor of its own copper-focused growth plans. Lundin Mining Corp LUN.TO is paying nearly $1 billion for control of Chile's Caserones copper mine despite ongoing political uncertainty in the country.
Leaders from all three companies are slated to be among the roughly 450 investors, executives, analysts and regulators gathering in the Chilean capital of Santiago for the annual World Copper Conference.
Registrations are up roughly 8% since 2019 when the conference was last held fully in person. Organizers say they expect the attendance to grow as the week progresses.
"The green transformation theme remains a strong tailwind for copper, the king of green metals," Saxo Bank strategist Ole Hansen told Reuters. "Not least considering how producers face challenges in the years ahead with lower ore grades, rising production costs and lack of investments in recent years."
Global copper demand expected to reach 53 million tonnes annually by 2053 - more than double current levels - but supply is still expected to fall short, according an S&P Global SPGI.N study. That projection in part underscores the deal rush.
BHP Group Ltd BHP.AX, the world's largest mining company, last week won shareholder approval for its $6.4 billion takeover of Australian copper producer Oz Minerals Ltd OZL.AX.
Rio Tinto Ltd RIO.AX, which faces strong opposition to its Resolution Copper project in Arizona, last December paid $3.3 billion to buy rival Turquoise Hill and gain direct control over a giant Mongolian copper mine.
And Hudbay Minerals Inc HBM.TO last week said it would pay $439 million for rival Copper Mountain Mining Corp CMMC.TO.
Beyond M&A, these mining giants face the creeping problem of attracting new workers, especially in the United States, as well as competition from upstart rivals exploring new ways to extract copper at the bottom of the Pacific Ocean and through leaching of mine waste.
"This is a fairly agile market and it is permanently evaluating its long-term investments," Chilean Mining Minister Marcela Hernando told Reuters.
Hernando, slated to deliver the conference's keynote speech on Tuesday, expects copper output to jump in coming years from her country, the world's top producer, thanks to operations from state-owned Codelco, BHP, Anglo American Plc AAL.L, Freeport-McMoRan Inc FCX.N, Glencore and Teck.
Neighboring Peru, the world's second-largest copper producer, also expects to boost production this year.
Copper prices CMCu3 touched a seven-week high last Friday despite macroeconomic concerns fueled by uncertain Chinese demand projections and the ongoing war in Ukraine, although they are down nearly 5% from a seven-month high of $9,550.50 reached in January.
"We expect the copper market to remain in deficit as the green transition accelerates," Fitch Solutions said in a recent report to clients.
A portion of the weeklong conference is devoted to research presentations on new applications for the red metal, part of an industry plan to go on the offense against aluminum, a cheaper but less-efficient alternative to conduct electricity.
(Reporting by Fabian Cambero, Polina Devitt, Divya Rajagopal, Clara Denina, Pratima Desai, Ernest Scheyder and Alexander Villegas; writing by Ernest Scheyder; Editing by Sandra Maler)
((ernest.scheyder@thomsonreuters.com; Twitter: @ErnestScheyder; +1-713-210-8512; Reuters Messaging: ernest.scheyder.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.
|
Hernando, slated to deliver the conference's keynote speech on Tuesday, expects copper output to jump in coming years from her country, the world's top producer, thanks to operations from state-owned Codelco, BHP, Anglo American Plc AAL.L, Freeport-McMoRan Inc FCX.N, Glencore and Teck. BHP Group Ltd BHP.AX, the world's largest mining company, last week won shareholder approval for its $6.4 billion takeover of Australian copper producer Oz Minerals Ltd OZL.AX. A portion of the weeklong conference is devoted to research presentations on new applications for the red metal, part of an industry plan to go on the offense against aluminum, a cheaper but less-efficient alternative to conduct electricity.
|
Hernando, slated to deliver the conference's keynote speech on Tuesday, expects copper output to jump in coming years from her country, the world's top producer, thanks to operations from state-owned Codelco, BHP, Anglo American Plc AAL.L, Freeport-McMoRan Inc FCX.N, Glencore and Teck. Repeats April 16 story with no changes SANTIAGO, April 16 (Reuters) - Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry's growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition. Lundin Mining Corp LUN.TO is paying nearly $1 billion for control of Chile's Caserones copper mine despite ongoing political uncertainty in the country.
|
Hernando, slated to deliver the conference's keynote speech on Tuesday, expects copper output to jump in coming years from her country, the world's top producer, thanks to operations from state-owned Codelco, BHP, Anglo American Plc AAL.L, Freeport-McMoRan Inc FCX.N, Glencore and Teck. Repeats April 16 story with no changes SANTIAGO, April 16 (Reuters) - Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry's growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition. Rio Tinto Ltd RIO.AX, which faces strong opposition to its Resolution Copper project in Arizona, last December paid $3.3 billion to buy rival Turquoise Hill and gain direct control over a giant Mongolian copper mine.
|
Hernando, slated to deliver the conference's keynote speech on Tuesday, expects copper output to jump in coming years from her country, the world's top producer, thanks to operations from state-owned Codelco, BHP, Anglo American Plc AAL.L, Freeport-McMoRan Inc FCX.N, Glencore and Teck. Repeats April 16 story with no changes SANTIAGO, April 16 (Reuters) - Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry's growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition. Rio Tinto Ltd RIO.AX, which faces strong opposition to its Resolution Copper project in Arizona, last December paid $3.3 billion to buy rival Turquoise Hill and gain direct control over a giant Mongolian copper mine.
|
df88b5e7-18f0-4504-b9a7-dae9c1566adc
|
2684.0
|
2023-04-17 00:00:00 UTC
|
CANADA STOCKS-TSX muted as miners drag; Teck Resources jumps
|
AAL
|
https://www.nasdaq.com/articles/canada-stocks-tsx-muted-as-miners-drag-teck-resources-jumps
|
nan
|
nan
|
*
Teck Resources jumps on attracting multiple buyout offers
*
Algonquin up after terminating deal with American Electric Power
*
Toromont Industries rises on selling subsidiary
By Shristi Achar A
April 17 (Reuters) - Canada's main stock index rose marginally on Monday, as Teck Resources climbed on multiple buyout offers, while gains in energy stocks were offset by losses in miners.
At 10:21 a.m. ET (1421 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 10.73 points, or 0.05%, at 20,590.64.
Teck Resources Ltd jumped 6.5% after the miner was approached by Vale SA , Anglo American Plc and Freeport-McMoRan Inc , among others, to explore deals for its base metals business if Teck goes ahead with a planned split, sources close to the matter told Reuters on Sunday.
The energy sector was up 0.1%, even as crude prices fell, while the materials sector , which includes precious and base metals miners and fertilizer companies, lost 0.2%. [GOL/]
"Everyone is waiting to see what earnings are going to be coming out. So (there is) a little bit of caution around the banks. We're also seeing the gold sector start to pull back as the U.S. dollar starts to move higher with higher yields," said Greg Taylor, chief investment officer at Purpose Investments.
"Some positives are the energy stocks, as natural gas is turning around."
Heavyweight financials were down 0.3%.
Industrials rose 0.7%, lifted by a 1.0% gain in shares of Toromont Industries , after the heavy machinery company announced sale of its wholly-owned subsidiary AgWest Ltd.
The TSX has gained for four straight weeks, buoyed largely by miners and energy stocks, while upbeat earnings from major U.S. banks boosted the heavyweight financials as well.
Among other major movers, Algonquin Power & Utilities Corp added 1.3%, after the company and American Electric Power decided to terminate a deal for American Electric's Kentucky operations. (Reporting by Shristi Achar A in Bengaluru; Editing by Shilpi Majumdar) ((Shristi.AcharA@thomsonreuters.com;)) Keywords: CANADA STOCKS/ (UPDATE 1)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
* Teck Resources jumps on attracting multiple buyout offers * Algonquin up after terminating deal with American Electric Power * Toromont Industries rises on selling subsidiary By Shristi Achar A April 17 (Reuters) - Canada's main stock index rose marginally on Monday, as Teck Resources climbed on multiple buyout offers, while gains in energy stocks were offset by losses in miners. Teck Resources Ltd jumped 6.5% after the miner was approached by Vale SA , Anglo American Plc and Freeport-McMoRan Inc , among others, to explore deals for its base metals business if Teck goes ahead with a planned split, sources close to the matter told Reuters on Sunday. The TSX has gained for four straight weeks, buoyed largely by miners and energy stocks, while upbeat earnings from major U.S. banks boosted the heavyweight financials as well.
|
* Teck Resources jumps on attracting multiple buyout offers * Algonquin up after terminating deal with American Electric Power * Toromont Industries rises on selling subsidiary By Shristi Achar A April 17 (Reuters) - Canada's main stock index rose marginally on Monday, as Teck Resources climbed on multiple buyout offers, while gains in energy stocks were offset by losses in miners. The TSX has gained for four straight weeks, buoyed largely by miners and energy stocks, while upbeat earnings from major U.S. banks boosted the heavyweight financials as well. Among other major movers, Algonquin Power & Utilities Corp added 1.3%, after the company and American Electric Power decided to terminate a deal for American Electric's Kentucky operations.
|
* Teck Resources jumps on attracting multiple buyout offers * Algonquin up after terminating deal with American Electric Power * Toromont Industries rises on selling subsidiary By Shristi Achar A April 17 (Reuters) - Canada's main stock index rose marginally on Monday, as Teck Resources climbed on multiple buyout offers, while gains in energy stocks were offset by losses in miners. Teck Resources Ltd jumped 6.5% after the miner was approached by Vale SA , Anglo American Plc and Freeport-McMoRan Inc , among others, to explore deals for its base metals business if Teck goes ahead with a planned split, sources close to the matter told Reuters on Sunday. The TSX has gained for four straight weeks, buoyed largely by miners and energy stocks, while upbeat earnings from major U.S. banks boosted the heavyweight financials as well.
|
* Teck Resources jumps on attracting multiple buyout offers * Algonquin up after terminating deal with American Electric Power * Toromont Industries rises on selling subsidiary By Shristi Achar A April 17 (Reuters) - Canada's main stock index rose marginally on Monday, as Teck Resources climbed on multiple buyout offers, while gains in energy stocks were offset by losses in miners. ET (1421 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 10.73 points, or 0.05%, at 20,590.64. The TSX has gained for four straight weeks, buoyed largely by miners and energy stocks, while upbeat earnings from major U.S. banks boosted the heavyweight financials as well.
|
b442a466-7d88-4e5d-8c68-04d90efe917f
|
2685.0
|
2023-04-17 00:00:00 UTC
|
CANADA STOCKS-TSX set to rise for seventh straight session
|
AAL
|
https://www.nasdaq.com/articles/canada-stocks-tsx-set-to-rise-for-seventh-straight-session
|
nan
|
nan
|
April 17 (Reuters) - Futures for Canada's main stock index edged up on Monday, with strength in gold prices limiting the drag from crude, while investors took cues from a subdued mood on Wall Street.
June futures on the S&P/TSX index SXFc1 were up 0.1% at 6:55 a.m. ET.
Spot gold prices XAU= rose on weakening dollar, as mixed economic data prompted investors to reassess the U.S. Federal Reserve's interest rate hike trajectory. GOL/
Oil prices were steady as investors eyed Chinese economic data for signs of demand recovery in the world's second-largest oil consumer. O/R
U.S. stock index futures were largely flat as investors awaited more bank earnings and views from Fed policymakers that could shape expectations around when the central bank would pause its monetary policy tightening. .N
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE had closed at its highest in six weeks on Friday, helped by gains from energy and financial shares, while weaker gold prices drove down mining stocks.
In company news, Teck Resources LtdTECKb.TO has been approached by Vale SA VALE3.SA, Anglo American Plc AAL.L and Freeport-McMoRan Inc FCX.N, among others, to explore deals for its base metals business if the copper miner goes ahead with a planned split, sources close to the matter told Reuters on Sunday.
COMMODITIES AT 6:55 a.m. ET
Gold futures GCc2: $2,011.4; +0.24% GOL/
US crude CLc1: $82.14; -0.46% O/R
Brent crude LCOc1: $85.94; -0.43% O/R
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/CA/
Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA
Canadian markets directory CANADA
($1 = 1.3360 Canadian dollars)
(Reporting by Shristi Achar A in Bengaluru; Editing by Shilpi Majumdar)
((Shristi.AcharA@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In company news, Teck Resources LtdTECKb.TO has been approached by Vale SA VALE3.SA, Anglo American Plc AAL.L and Freeport-McMoRan Inc FCX.N, among others, to explore deals for its base metals business if the copper miner goes ahead with a planned split, sources close to the matter told Reuters on Sunday. April 17 (Reuters) - Futures for Canada's main stock index edged up on Monday, with strength in gold prices limiting the drag from crude, while investors took cues from a subdued mood on Wall Street. Spot gold prices XAU= rose on weakening dollar, as mixed economic data prompted investors to reassess the U.S. Federal Reserve's interest rate hike trajectory.
|
In company news, Teck Resources LtdTECKb.TO has been approached by Vale SA VALE3.SA, Anglo American Plc AAL.L and Freeport-McMoRan Inc FCX.N, among others, to explore deals for its base metals business if the copper miner goes ahead with a planned split, sources close to the matter told Reuters on Sunday. April 17 (Reuters) - Futures for Canada's main stock index edged up on Monday, with strength in gold prices limiting the drag from crude, while investors took cues from a subdued mood on Wall Street. Spot gold prices XAU= rose on weakening dollar, as mixed economic data prompted investors to reassess the U.S. Federal Reserve's interest rate hike trajectory.
|
In company news, Teck Resources LtdTECKb.TO has been approached by Vale SA VALE3.SA, Anglo American Plc AAL.L and Freeport-McMoRan Inc FCX.N, among others, to explore deals for its base metals business if the copper miner goes ahead with a planned split, sources close to the matter told Reuters on Sunday. April 17 (Reuters) - Futures for Canada's main stock index edged up on Monday, with strength in gold prices limiting the drag from crude, while investors took cues from a subdued mood on Wall Street. .N The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE had closed at its highest in six weeks on Friday, helped by gains from energy and financial shares, while weaker gold prices drove down mining stocks.
|
In company news, Teck Resources LtdTECKb.TO has been approached by Vale SA VALE3.SA, Anglo American Plc AAL.L and Freeport-McMoRan Inc FCX.N, among others, to explore deals for its base metals business if the copper miner goes ahead with a planned split, sources close to the matter told Reuters on Sunday. April 17 (Reuters) - Futures for Canada's main stock index edged up on Monday, with strength in gold prices limiting the drag from crude, while investors took cues from a subdued mood on Wall Street. June futures on the S&P/TSX index SXFc1 were up 0.1% at 6:55 a.m.
|
c95c6151-547c-4b38-8ac9-1113e117e2ea
|
2686.0
|
2023-04-17 00:00:00 UTC
|
Is a Beat in Store for Canadian National's (CNI) Q1 Earnings?
|
AAL
|
https://www.nasdaq.com/articles/is-a-beat-in-store-for-canadian-nationals-cni-q1-earnings
|
nan
|
nan
|
Canadian National Railway Company CNI is scheduled to report first-quarter 2023 results on Apr 24, after market close.
Canadian National has outperformed the Zacks Consensus Estimate in two of the preceding four quarters, the average beat being 3.46%.
Let’s see how things have shaped up for Canadian National this earnings season.
Q1 Expectations
The Zacks Consensus Estimate for Canadian National’s first-quarter 2023 revenues is pegged at $3.14 billion, indicating 7.25% year-over-year growth. The top line is likely to have been aided by higher fuel surcharge revenues, freight rate increases and rising volumes of Canadian grain.
On the flip side, rising fuel prices have been bothering CNI’s bottom line. Moreover, supply-chain woes, network fluidity challenges and weak intermodal scenarios are expected to have weighed on volumes in the first quarter. Notably, the Zacks Consensus Estimate for CNI’s first-quarter 2023 earnings has been revised downward by 1.6% in the past 90 days.
What Our Model Says
Our proven model predicts an earnings beat for Canadian National this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as you can see below. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Canadian National has an Earnings ESP of +1.72% and a Zacks Rank #3.
Canadian National Railway Company Price and EPS Surprise
Canadian National Railway Company price-eps-surprise | Canadian National Railway Company Quote
Q4 Highlights
Canadian National’s fourth-quarter 2022 earnings of $1.55 per share (C$2.10) missed the Zacks Consensus Estimate of $1.56 and improved 13.97% year over year. Quarterly revenues of $3,345.7 million (C$4,542 million) outperformed the Zacks Consensus Estimate of $3,326.1 million and increased year over year. The uptick was driven by higher fuel surcharge revenues, freight rate increases, rising volumes of Canadian grain and positive translation impacts of a weaker Canadian dollar.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their first-quarter 2023 earnings.
Copa Holdings, S.A. CPA has an Earnings ESP of +13.66% and currently flaunts a Zacks Rank #1. CPA will release results on May 10.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of more than 100% for the first quarter. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
American Airlines AAL presently has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27.
AAL has an expected earnings growth rate of more than 100% for the first quarter. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s first-quarter earnings has improved more than 100% over the past 60 days. Shares of AAL have gained 14.8% over the past six months.
United Parcel Service UPS has an Earnings ESP of +5.02% and a Zacks Rank #3. UPS will release results on Apr 25.
UPS delivered a trailing four-quarter earnings surprise of 4.36%, on average. UPS has a long-term earnings growth rate of 7.17%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
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
Canadian National Railway Company (CNI) : Free Stock Analysis Report
United Parcel Service, Inc. (UPS) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis 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.
|
American Airlines AAL presently has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27. AAL has an expected earnings growth rate of more than 100% for the first quarter.
|
Click to get this free report Canadian National Railway Company (CNI) : Free Stock Analysis Report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL presently has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27.
|
Click to get this free report Canadian National Railway Company (CNI) : Free Stock Analysis Report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL presently has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27.
|
Click to get this free report Canadian National Railway Company (CNI) : Free Stock Analysis Report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL presently has an Earnings ESP of +75.82% and a Zacks Rank #2. AAL will release results on Apr 27.
|
6c56a269-c9b8-4802-88ea-377e30021906
|
2687.0
|
2023-04-16 00:00:00 UTC
|
PREVIEW-Big copper deals to take centerstage in Santiago as demand heats up
|
AAL
|
https://www.nasdaq.com/articles/preview-big-copper-deals-to-take-centerstage-in-santiago-as-demand-heats-up
|
nan
|
nan
|
SANTIAGO, April 16 (Reuters) - Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry's growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition.
The buyout trend comes as Indigenous groups, host communities and others increasingly oppose the industry's attempts to build new mines, obstacles fueling the growing realization among mining companies that they may need to combine in order to grow.
Glencore Plc GLEN.L last month offered $22.5 billion to buy smaller rival Teck Resources Ltd TECKb.TO, an offer that Teck has so far rejected in favor of its own copper-focused growth plans. Lundin Mining Corp LUN.TO is paying nearly $1 billion for control of Chile's Caserones copper mine despite ongoing political uncertainty in the country.
Leaders from all three companies are slated to be among the roughly 450 investors, executives, analysts and regulators gathering in the Chilean capital of Santiago for the annual World Copper Conference.
Registrations are up roughly 8% since 2019 when the conference was last held fully in person. Organizers say they expect the attendance to grow as the week progresses.
"The green transformation theme remains a strong tailwind for copper, the king of green metals," Saxo Bank strategist Ole Hansen told Reuters. "Not least considering how producers face challenges in the years ahead with lower ore grades, rising production costs and lack of investments in recent years."
Global copper demand expected to reach 53 million tonnes annually by 2053 - more than double current levels - but supply is still expected to fall short, according an S&P Global SPGI.N study. That projection in part underscores the deal rush.
BHP Group Ltd BHP.AX, the world's largest mining company, last week won shareholder approval for its $6.4 billion takeover of Australian copper producer Oz Minerals Ltd OZL.AX.
Rio Tinto Ltd RIO.AX, which faces strong opposition to its Resolution Copper project in Arizona, last December paid $3.3 billion to buy rival Turquoise Hill and gain direct control over a giant Mongolian copper mine.
And Hudbay Minerals Inc HBM.TO last week said it would pay $439 million for rival Copper Mountain Mining Corp CMMC.TO.
Beyond M&A, these mining giants face the creeping problem of attracting new workers, especially in the United States, as well as competition from upstart rivals exploring new ways to extract copper at the bottom of the Pacific Ocean and through leaching of mine waste.
"This is a fairly agile market and it is permanently evaluating its long-term investments," Chilean Mining Minister Marcela Hernando told Reuters.
Hernando, slated to deliver the conference's keynote speech on Tuesday, expects copper output to jump in coming years from her country, the world's top producer, thanks to operations from state-owned Codelco, BHP, Anglo American Plc AAL.L, Freeport-McMoRan Inc FCX.N, Glencore and Teck.
Neighboring Peru, the world's second-largest copper producer, also expects to boost production this year.
Copper prices CMCu3 touched a seven-week high last Friday despite macroeconomic concerns fueled by uncertain Chinese demand projections and the ongoing war in Ukraine, although they are down nearly 5% from a seven-month high of $9,550.50 reached in January.
"We expect the copper market to remain in deficit as the green transition accelerates," Fitch Solutions said in a recent report to clients.
A portion of the weeklong conference is devoted to research presentations on new applications for the red metal, part of an industry plan to go on the offense against aluminum, a cheaper but less-efficient alternative to conduct electricity.
(Reporting by Fabian Cambero, Polina Devitt, Divya Rajagopal, Clara Denina, Pratima Desai, Ernest Scheyder and Alexander Villegas; writing by Ernest Scheyder; Editing by Sandra Maler)
((ernest.scheyder@thomsonreuters.com; Twitter: @ErnestScheyder; +1-713-210-8512; Reuters Messaging: ernest.scheyder.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.
|
Hernando, slated to deliver the conference's keynote speech on Tuesday, expects copper output to jump in coming years from her country, the world's top producer, thanks to operations from state-owned Codelco, BHP, Anglo American Plc AAL.L, Freeport-McMoRan Inc FCX.N, Glencore and Teck. SANTIAGO, April 16 (Reuters) - Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry's growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition. A portion of the weeklong conference is devoted to research presentations on new applications for the red metal, part of an industry plan to go on the offense against aluminum, a cheaper but less-efficient alternative to conduct electricity.
|
Hernando, slated to deliver the conference's keynote speech on Tuesday, expects copper output to jump in coming years from her country, the world's top producer, thanks to operations from state-owned Codelco, BHP, Anglo American Plc AAL.L, Freeport-McMoRan Inc FCX.N, Glencore and Teck. SANTIAGO, April 16 (Reuters) - Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry's growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition. Lundin Mining Corp LUN.TO is paying nearly $1 billion for control of Chile's Caserones copper mine despite ongoing political uncertainty in the country.
|
Hernando, slated to deliver the conference's keynote speech on Tuesday, expects copper output to jump in coming years from her country, the world's top producer, thanks to operations from state-owned Codelco, BHP, Anglo American Plc AAL.L, Freeport-McMoRan Inc FCX.N, Glencore and Teck. SANTIAGO, April 16 (Reuters) - Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry's growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition. Rio Tinto Ltd RIO.AX, which faces strong opposition to its Resolution Copper project in Arizona, last December paid $3.3 billion to buy rival Turquoise Hill and gain direct control over a giant Mongolian copper mine.
|
Hernando, slated to deliver the conference's keynote speech on Tuesday, expects copper output to jump in coming years from her country, the world's top producer, thanks to operations from state-owned Codelco, BHP, Anglo American Plc AAL.L, Freeport-McMoRan Inc FCX.N, Glencore and Teck. SANTIAGO, April 16 (Reuters) - Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry's growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition. Rio Tinto Ltd RIO.AX, which faces strong opposition to its Resolution Copper project in Arizona, last December paid $3.3 billion to buy rival Turquoise Hill and gain direct control over a giant Mongolian copper mine.
|
9d6391e4-b8f7-4e46-9b83-a1efe2834975
|
2688.0
|
2023-04-14 00:00:00 UTC
|
Bull of the Day: American Airlines (AAL)
|
AAL
|
https://www.nasdaq.com/articles/bull-of-the-day%3A-american-airlines-aal
|
nan
|
nan
|
The risk to reward is becoming favorable for American Airlines stock (AAL) which currently sports a Zacks Rank #1 (Strong Buy). Furthermore, the Zacks Transportation-Airline Industry is in the top 13% of over 250 Zacks industries at the moment.
Peak Travel Season
Edging closer to the warmer months of the year, we are entering peak travel season and this should certainly give a boost to many airlines. There is also the possibility that travel will be higher in 2023 from lingering pent-up demand following the pandemic.
In its latest data at the end of March, the U.S. Travel Associations’ survey of travel spending totaled $93 billion in February which was 5% above 2019 pre-pandemic levels and 9% above 2022 levels.
Plus, the Transportation Security Administrations' (TSA) checkpoint travel numbers have seen quite a few days spike above 2019 levels so far this month and are overall higher than last year as shown in the nearby chart.
Image Source: Travel Security Administration
Earnings Estimate Revisions
In correlation with the plausibility of higher travel demand, American Airlines’ earnings estimate revisions have continued to trend higher. Fiscal 2023 earnings estimates have now soared 32% over the last 90 days with FY24 EPS estimates rising 20%.
Image Source: Zacks Investment Research
American Airlines FY23 earnings are now forecasted to rebound and skyrocket 410% at $2.55 per share compared to EPS of $0.50 in 2022. Even better, fiscal 2024 earnings are expected to climb another 24% at $3.16 per share.
On the top line, sales are projected to jump 9% this year and rise another 4% in FY24 to $55.77 billion. More importantly, fiscal 2024 would be 25% above 2019 pre-pandemic sales of $44.54 billion. This will certainly help the company’s bottom line start to catch up as well.
Image Source: Zacks Investment Research
Attractive Valuation
Along with its post-pandemic growth recovery, American Airlines’ valuation may be intriguing to investors right now with Tesla (TSLA) CEO Elon Musk recently announcing he will purchase a 51% stake in the company.
News of Musk’s majority interest in American Airlines surfaced at the beginning of the month. Although the Tesla boss jokingly stated he simply has an abundance of cash and likes buying companies with bird logos (Twitter) there is surely the factor of American Airlines price to earnings discount.
Image Source: Zacks Investment Research
American Airlines stock trades at just 5.1X forward earnings which is nicely beneath the industry average of 11.2X and the S&P 500’s 19X. Shares of AAL also trade 74% below their historical high of 21.1X since merging with U.S Airways in 2013. Plus, American Airlines stock trades at a 22% discount to its historic median of 6.9X.
Bottom Line
Now appears to be a great time to get in on American Airlines stock with earnings estimate revisions trending higher and shares still near 52-week lows at around $13 per share. The rising earnings estimates also make American Airlines P/E valuation very attractive and indicate its stock could indeed be vastly undervalued right now.
It would be no surprise if American Airlines stock begins to fly this year with the Average Zacks Price Target suggesting 37% upside from current 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
Tesla, Inc. (TSLA) : 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 risk to reward is becoming favorable for American Airlines stock (AAL) which currently sports a Zacks Rank #1 (Strong Buy). Shares of AAL also trade 74% below their historical high of 21.1X since merging with U.S Airways in 2013. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report To read this article on Zacks.com click here. The risk to reward is becoming favorable for American Airlines stock (AAL) which currently sports a Zacks Rank #1 (Strong Buy). Shares of AAL also trade 74% below their historical high of 21.1X since merging with U.S Airways in 2013.
|
The risk to reward is becoming favorable for American Airlines stock (AAL) which currently sports a Zacks Rank #1 (Strong Buy). Shares of AAL also trade 74% below their historical high of 21.1X since merging with U.S Airways in 2013. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The risk to reward is becoming favorable for American Airlines stock (AAL) which currently sports a Zacks Rank #1 (Strong Buy). Shares of AAL also trade 74% below their historical high of 21.1X since merging with U.S Airways in 2013. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
0dc85faf-5293-4adb-ada2-b043c504219a
|
2689.0
|
2023-04-14 00:00:00 UTC
|
Unusual Call Option Trade in American Airlines Group (AAL) Worth $463.20K
|
AAL
|
https://www.nasdaq.com/articles/unusual-call-option-trade-in-american-airlines-group-aal-worth-%24463.20k
|
nan
|
nan
|
On April 14, 2023 at 12:31:12 ET an unusually large $463.20K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $15.00 / share, expiring in 434 day(s) (on June 21, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 4.80 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options.
This trade was first picked up on Fintel's real time Unusual Option Trades tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1006 funds or institutions reporting positions in American Airlines Group. This is an increase of 13 owner(s) or 1.31% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.12%, a decrease of 4.38%. Total shares owned by institutions decreased in the last three months by 3.35% to 396,362K shares.
The put/call ratio of AAL is 2.54, indicating a bearish outlook.
Analyst Price Forecast Suggests 33.45% Upside
As of April 6, 2023, the average one-year price target for American Airlines Group is $17.28. The forecasts range from a low of $8.08 to a high of $27.30. The average price target represents an increase of 33.45% from its latest reported closing price of $12.95.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group is $51,177MM, an increase of 4.50%. The projected annual non-GAAP EPS is $1.52.
What are Other Shareholders Doing?
Plante Moran Financial Advisors holds 6K shares representing 0.00% ownership of the company. No change in the last quarter.
TLLVX - Large-Cap Value Fund holds 16K shares representing 0.00% ownership of the company. No change in the last quarter.
LSEIX - Persimmon Long holds 0K shares representing 0.00% ownership of the company. No change in the last quarter.
Baldwin Brothers holds 0K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
LINCOLN VARIABLE INSURANCE PRODUCTS TRUST - LVIP Dimensional U.S. Core Equity 2 Fund Standard Class holds 15K shares representing 0.00% ownership of the company. No change in the last quarter.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
See all American Airlines Group regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On April 14, 2023 at 12:31:12 ET an unusually large $463.20K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $15.00 / share, expiring in 434 day(s) (on June 21, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 4.80 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.12%, a decrease of 4.38%.
|
On April 14, 2023 at 12:31:12 ET an unusually large $463.20K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $15.00 / share, expiring in 434 day(s) (on June 21, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 4.80 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.12%, a decrease of 4.38%.
|
On April 14, 2023 at 12:31:12 ET an unusually large $463.20K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $15.00 / share, expiring in 434 day(s) (on June 21, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 4.80 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.12%, a decrease of 4.38%.
|
On April 14, 2023 at 12:31:12 ET an unusually large $463.20K block of Call contracts in American Airlines Group (AAL) was sold, with a strike price of $15.00 / share, expiring in 434 day(s) (on June 21, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 4.80 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.12%, a decrease of 4.38%.
|
05d3300e-c812-4a65-b8b9-38e64cf63226
|
2690.0
|
2023-04-14 00:00:00 UTC
|
Unusual Put Option Trade in American Airlines Group (AAL) Worth $622.50K
|
AAL
|
https://www.nasdaq.com/articles/unusual-put-option-trade-in-american-airlines-group-aal-worth-%24622.50k
|
nan
|
nan
|
On April 14, 2023 at 12:50:16 ET an unusually large $622.50K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $10.00 / share, expiring in 280 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 6.70 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options.
This trade was first picked up on Fintel's real time Unusual Option Trades tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1006 funds or institutions reporting positions in American Airlines Group. This is an increase of 13 owner(s) or 1.31% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.12%, a decrease of 4.38%. Total shares owned by institutions decreased in the last three months by 3.35% to 396,362K shares.
The put/call ratio of AAL is 2.54, indicating a bearish outlook.
Analyst Price Forecast Suggests 33.45% Upside
As of April 6, 2023, the average one-year price target for American Airlines Group is $17.28. The forecasts range from a low of $8.08 to a high of $27.30. The average price target represents an increase of 33.45% from its latest reported closing price of $12.95.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group is $51,177MM, an increase of 4.50%. The projected annual non-GAAP EPS is $1.52.
What are Other Shareholders Doing?
Point72 Middle East FZE holds 126K shares representing 0.02% ownership of the company.
Jnl Series Trust - Jnl holds 211K shares representing 0.03% ownership of the company. No change in the last quarter.
Advisors Asset Management holds 79K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 64K shares, representing an increase of 19.72%. The firm decreased its portfolio allocation in AAL by 99.87% over the last quarter.
Intech Investment Management holds 39K shares representing 0.01% ownership of the company. No change in the last quarter.
SCHK - Schwab 1000 Index ETF holds 41K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 39K shares, representing an increase of 6.06%. The firm increased its portfolio allocation in AAL by 7.86% over the last quarter.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
See all American Airlines Group regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On April 14, 2023 at 12:50:16 ET an unusually large $622.50K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $10.00 / share, expiring in 280 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 6.70 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.12%, a decrease of 4.38%.
|
On April 14, 2023 at 12:50:16 ET an unusually large $622.50K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $10.00 / share, expiring in 280 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 6.70 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.12%, a decrease of 4.38%.
|
On April 14, 2023 at 12:50:16 ET an unusually large $622.50K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $10.00 / share, expiring in 280 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 6.70 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.12%, a decrease of 4.38%.
|
On April 14, 2023 at 12:50:16 ET an unusually large $622.50K block of Put contracts in American Airlines Group (AAL) was sold, with a strike price of $10.00 / share, expiring in 280 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 6.70 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AAL options. Average portfolio weight of all funds dedicated to AAL is 0.12%, a decrease of 4.38%.
|
cb5d4762-f5e6-4c67-8174-f57c88fd366a
|
2691.0
|
2023-04-14 00:00:00 UTC
|
Why Copa Holdings (CPA) Deserves a Place in Your Portfolio?
|
AAL
|
https://www.nasdaq.com/articles/why-copa-holdings-cpa-deserves-a-place-in-your-portfolio-0
|
nan
|
nan
|
Copa Holdings (CPA) is gaining from an uptick in air-travel demand (particularly on the leisure front). The upsurge in passenger volumes makes the CPA stock an interesting investment opportunity.
Let’s delve deep to unearth the factors working in favor of the Zacks Rank #1 (Strong Buy) stock.
Northward Earnings Estimates: The Zacks Consensus Estimate for current-quarter and current-year earnings have been revised 6.1% and 10% upward, over the past 60 days, respectively. Such favorable estimate revisions reflect brokers’ confidence in the stock.
Given the wealth of information at the brokers’ disposal, it is in the best interest of investors to be guided by their expert advice and the direction of their estimate revisions. This is because it serves as a key indicator in determining the price of a stock.
Upbeat Air-travel Demand & Focus on Cargo Unit: Improved air-travel demand is aiding Copa Holdings' top-line performance. In fourth-quarter 2022, revenues of $890.6 million beat the Zacks Consensus Estimate of $883.8 million and improved year over year on the back of passenger revenues. Passenger revenues (contributed 95.6% to the top line) increased 29.5%, owing to higher yields (up 12.1%).
Continuing the upbeat trend, CPA reported 9.5% increase in traffic in March 2023 from March 2019 levels. Capacity expanded 4.6% in March. With traffic growth outpacing capacity expansion, load factor (% of seats filled by passengers) in March improved to 87.2% from 83.3% in March 2019.
We are encouraged by CPA's focus on its cargo segment. In fourth-quarter 2022, cargo and mail revenues grew 69% to $27.09 million, owing to higher cargo volumes and yields.
Upbeat Price Performance: Driven by the rosy air-travel demand scenario, shares of CPA have increased 21.7% in the past six months compared with its industry’s appreciation of 9.1%.
Image Source: Zacks Investment Research
Bullish Industry Rank: The industry, to which CPA belongs, currently has a Zacks Industry Rank of 32 (of 250 plus groups). Such a solid rank places the company in the top 13% of the Zacks industries. Studies show that 50% of a stock price movement is directly tied to the performance of the industry group that it hails from.
In fact, an ordinary stock in a strong group is likely to outperform a robust stock in a weak industry. Therefore, taking the industry’s performance into consideration becomes imperative.
Other Stocks to Consider
Investors interested in the Zacks Airline industry may also consider stocks like American Airlines (AAL) and United Airlines (UAL), each carrying a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines is benefiting from the improved air-travel-demand situation. In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%.
For first-quarter and full-year 2023, AAL’s earnings are expected to register 101.3% and 410% growth, respectively, on a year-over-year basis.
Based in Chicago, United Airlines is also gaining from gradual increase in air-travel demand (particularly for leisure). However, high fuel costs are affecting its bottom line.
Over the past 60 days, the UAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 3.8% upward. United Airlines surpassed the Zacks Consensus Estimate for earnings in two of the last four quarters (missed twice), the average beat being 5.42%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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 Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis 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.
|
Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider stocks like American Airlines (AAL) and United Airlines (UAL), each carrying a Zacks Rank #2 (Buy), at present. In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%. For first-quarter and full-year 2023, AAL’s earnings are expected to register 101.3% and 410% growth, respectively, on a year-over-year basis.
|
Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider stocks like American Airlines (AAL) and United Airlines (UAL), each carrying a Zacks Rank #2 (Buy), at present. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%.
|
Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider stocks like American Airlines (AAL) and United Airlines (UAL), each carrying a Zacks Rank #2 (Buy), at present. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%.
|
Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider stocks like American Airlines (AAL) and United Airlines (UAL), each carrying a Zacks Rank #2 (Buy), at present. In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%. For first-quarter and full-year 2023, AAL’s earnings are expected to register 101.3% and 410% growth, respectively, on a year-over-year basis.
|
0477e96c-afce-43b5-9bd0-3dcb62ef74bc
|
2692.0
|
2023-04-14 00:00:00 UTC
|
American Airlines Group Becomes Oversold (AAL)
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-group-becomes-oversold-aal-0
|
nan
|
nan
|
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Friday, shares of American Airlines Group Inc (Symbol: AAL) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $12.73 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 61.9. A bullish investor could look at AAL's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAL shares:
Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $12.79.
Find out what 9 other oversold stocks you need to know about »
Also see:
Lennar Stock Split History
ISR Historical Stock Prices
JOBY Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Friday, shares of American Airlines Group Inc (Symbol: AAL) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $12.73 per share. A bullish investor could look at AAL's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAL shares: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $12.79.
|
A bullish investor could look at AAL's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAL shares: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $12.79. In trading on Friday, shares of American Airlines Group Inc (Symbol: AAL) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $12.73 per share.
|
In trading on Friday, shares of American Airlines Group Inc (Symbol: AAL) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $12.73 per share. The chart below shows the one year performance of AAL shares: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $12.79. A bullish investor could look at AAL's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
|
In trading on Friday, shares of American Airlines Group Inc (Symbol: AAL) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $12.73 per share. A bullish investor could look at AAL's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAL shares: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $12.79.
|
07a0cb1c-d147-4898-b9b0-1d998af03528
|
2693.0
|
2023-04-14 00:00:00 UTC
|
Allegiant (ALGT) Stock Gains in Thursday's Trading: Here's Why
|
AAL
|
https://www.nasdaq.com/articles/allegiant-algt-stock-gains-in-thursdays-trading%3A-heres-why
|
nan
|
nan
|
Shares of Allegiant Travel Company ALGT inched up in Thursday’s (Apr 13) trading, gaining 1.67% from Wednesday’s closing. The elevation led the stock to close the session at $95.73.
It seems that investors were pleased by the total traffic numbers (scheduled) for the January-March period (first-quarter 2023).
Revenue passenger miles, a measure of traffic, increased 10.3% in the three-month period. Available seat miles (a measure of capacity) expanded 1.4%. Load factor (% of seats filled by passengers) improved 6.9 points to 85.8%. Departures increased 2.3%.
For the total system, in the January-March period, 11.1% more passengers were transported on ALGT flights than a year ago. Available seat miles (system-wide) expanded 1.2%.
For March, scheduled load factor improved 1.7 points to 88.2%. In March, 0.6% more passengers availed ALGT’s scheduled flights than a year ago. System-wide, the number of passengers ferried in March improved 0.7% year over year.
Zacks Rank & Key Picks
Allegiant currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Zacks Airline industry are Copa Holdings CPA and American Airlines AAL.
Copa Holdings is benefiting from the improvement in air-travel demand. In fourth-quarter 2022, passenger revenues increased 29.5% due to higher yields.
CPA’s focus on its cargo segment is encouraging. In fourth-quarter 2022, cargo and mail revenues grew 69%, owing to higher cargo volumes and yields. Copa Holdings' fleet modernization and cost-management efforts are commendable.
The above-mentioned tailwinds are likely to continue aiding this Latin American carrier, currently sporting a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for the company’s current-year earnings has been revised 10% upward over the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines, currently carrying a Zacks Rank #2 (Buy), is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are affecting the bottom line.
Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 18.1% upward. The stock has outpaced the Zacks Consensus Estimate for earnings in three of the last four quarters (missed once). The average beat is 7.79%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Allegiant Travel Company (ALGT) : 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.
|
Some better-ranked stocks in the Zacks Airline industry are Copa Holdings CPA and American Airlines AAL. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 18.1% upward.
|
Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the Zacks Airline industry are Copa Holdings CPA and American Airlines AAL. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
|
Some better-ranked stocks in the Zacks Airline industry are Copa Holdings CPA and American Airlines AAL. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
|
Some better-ranked stocks in the Zacks Airline industry are Copa Holdings CPA and American Airlines AAL. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 18.1% upward.
|
71e6f4ae-9d6e-493c-845a-69c5e5a608d0
|
2694.0
|
2023-04-14 00:00:00 UTC
|
American Airlines and Hertz Global have been highlighted as Zacks Bull and Bear of the Day
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-and-hertz-global-have-been-highlighted-as-zacks-bull-and-bear-of-the-day
|
nan
|
nan
|
For Immediate Release
Chicago, IL – April 14, 2023 – Zacks Equity Research shares American Airlines AAL as the Bull of the Day and Hertz Global HTZ as the Bear of the Day. In addition, Zacks Equity Research provides analysis on NOW Inc. DNOW, Par Pacific Holdings PARR and Sunoco LP SUN.
Here is a synopsis of all five stocks:
Bull of the Day:
The risk to reward is becoming favorable for American Airlines stock, which currently sports a Zacks Rank #1 (Strong Buy). Furthermore, the Zacks Transportation-Airline Industry is in the top 13% of over 250 Zacks industries at the moment.
Peak Travel Season
Edging closer to the warmer months of the year, we are entering peak travel season and this should certainly give a boost to many airlines. There is also the possibility that travel will be higher in 2023 from lingering pent-up demand following the pandemic.
In its latest data at the end of March, the U.S. Travel Associations' survey of travel spending totaled $93 billion in February which was 5% above 2019 pre-pandemic levels and 9% above 2022 levels.
Plus, the Transportation Security Administrations' (TSA) checkpoint travel numbers have seen quite a few days spike above 2019 levels so far this month and are overall higher than last year.
Earnings Estimate Revisions
In correlation with the plausibility of higher travel demand, American Airlines' earnings estimate revisions have continued to trend higher. Fiscal 2023 earnings estimates have now soared 32% over the last 90 days with FY24 EPS estimates rising 20%.
American Airlines FY23 earnings are now forecasted to rebound and skyrocket 410% at $2.55 per share compared to EPS of $0.50 in 2022. Even better, fiscal 2024 earnings are expected to climb another 24% at $3.16 per share.
On the top line, sales are projected to jump 9% this year and rise another 4% in FY24 to $55.77 billion. More importantly, fiscal 2024 would be 25% above 2019 pre-pandemic sales of $44.54 billion. This will certainly help the company's bottom line start to catch up as well.
Attractive Valuation
Along with its post-pandemic growth recovery, American Airlines' valuation may be intriguing to investors right now with Tesla CEO Elon Musk recently announcing he will purchase a 51% stake in the company.
News of Musk's majority interest in American Airlines surfaced at the beginning of the month. Although the Tesla boss jokingly stated he simply has an abundance of cash and likes buying companies with bird logos (Twitter) there is surely the factor of American Airlines price to earnings discount.
American Airlines stock trades at just 5.1X forward earnings which is nicely beneath the industry average of 11.2X and the S&P 500's 19X. Shares of AAL also trade 74% below their historical high of 21.1X since merging with U.S Airways in 2013. Plus, American Airlines stock trades at a 22% discount to its historic median of 6.9X.
Bottom Line
Now appears to be a great time to get in on American Airlines stock with earnings estimate revisions trending higher and shares still near 52-week lows at around $13 per share. The rising earnings estimates also make American Airlines P/E valuation very attractive and indicate its stock could indeed be vastly undervalued right now.
It would be no surprise if American Airlines stock begins to fly this year with the Average Zacks Price Target suggesting 37% upside from current levels.
Bear of the Day:
Hertz Global currently lands a Zacks Rank #5 (Strong Sell) with its Transportation-Services Industry in the bottom 15% of over 250 Zacks Industries. Investors may want to be cautious at the moment with Hertz not far removed from bankruptcy and facing increasing competition.
Cautionary Tale
Not that Hertz won't enjoy future success, but investors should be mindful that the company recently exited bankruptcy in July of 2021.
After filing for Chapter 11, Hertz was delisted by the New York Stock Exchange in October 2020 but was relisted on the Nasdaq in November 2021. Hertz has a long history that dates back to 1918 with the company dominating the U.S. rental car industry for many years.
However, the Covid-19 pandemic crippled the company as travel stopped and highlighted management's inability to preserve cash and an adequate balance sheet at the time. Compounding the challenges were Hertz's total liabilities which were at multi-year highs as shown in the nearby chart.
Furthermore, with CFO Kenny Cheung recently leaving the company in late March there may be cause for concern. The company stated Cheung left for another professional opportunity in a different industry and has since appointed Chief Accounting Officer Alexandra Brooks as interim CFO.
Growth & Competition
What also led to Hertz's trouble in recent years was increasing competition. After historically controlling the broader rental car industry, competitors like Avis Budget continued to expand while Hertz's shrank.
Notably, Hertz's earnings estimate revisions have started to decline following its CFO's departure while Avis EPS estimates are rising. Hertz's earnings are now forecasted to drop -39% in fiscal 2023 at $2.27 per share compared to EPS of $3.74 in 2022. More concerning, fiscal 2024 EPS is expected to decline another -18%.
Avis annual earnings are expected to experience a dip as well but the company's bottom line remains light years ahead of Hertz on top of CAR's earnings estimates soaring over the last quarter as shown in the chart below.
This is indicative of Avis continuing to take market share. For now, Hertz declining earnings estimates may somewhat be symbolic of the company's inability to stop the bleeding.
Bottom Line
Considering Hertz recently exited bankruptcy, the recent departure of its CFO may look like a red flag to many and investors will want to be cautious of HTZ stock as there could be more short-term weakness ahead.
Reconfirming this possibility is the declining earnings estimates and Hertz's fall since relisting on the Nasdaq in 2021 could continue with shares of HTZ now down -40%.
Additional content:
U.S. Oil Prices Hit 2023 High: What's Driving the Market?
U.S. oil prices moved up on Apr 12, hitting their highest level so far this year after government data showed a lower-than-expected weekly build in crude to go with the drop in gasoline and distillate supplies. On the New York Mercantile Exchange, WTI crude futures rose $1.73 (or 2.1%) to settle at $83.26 a barrel yesterday.
Other factors driving the energy market are the recently announced surprise production cut by the OPEC+ cartel, hopes for an end to interest rate hikes following encouraging inflation data and potential refill to the U.S. Strategic Petroleum Reserve ("SPR") that could drain supplies.
Some oil-related stocks that could benefit in the current environment include NOW Inc., Par Pacific Holdings and Sunoco LP.
Before going into the overall macro environment for oil, let's dig deep into the Energy Information Administration's ("EIA") Weekly Petroleum Status Report for the holiday-shortened week ending Apr 7.
Analyzing the Latest EIA Report
Crude Oil: The federal government's EIA report revealed that crude inventories rose 597,000 barrels compared to expectations of a 700,000-barrel increase per the analysts surveyed by S&P Global Commodity Insights. The combination of lower exports, higher production and a drop in refinery demand accounted for the stockpile build with the world's biggest oil consumer.
Total domestic stocks now stand at 470.5 million barrels — 11.5% more than the year-ago figure and 3% higher than the five-year average.
However, on a slightly bullish note, the latest report showed that supplies at the Cushing terminal (the key delivery hub for U.S. crude futures traded on the New York Mercantile Exchange) fell 409,000 barrels to 33.8 million barrels.
Meanwhile, the crude supply cover, at 30.2 days, remained unchanged from the previous week. In the year-ago period, the supply cover was 26.7 days.
Let's turn to the products now.
Gasoline: Gasoline supplies decreased for the eighth time in as many weeks. The 330,000-barrel fall was primarily attributable to lower production. Analysts had forecast that gasoline inventories would drop 900,000 barrels. At 222.2 million barrels, the current stock of the most widely used petroleum product is 4.7% less than the year-earlier level, while it is 7% below the five-year average range.
Distillate: Distillate fuel supplies (including diesel and heating oil) dropped for the second week in succession. The 606,000-barrel decrease reflected lower production and a rise in exports. Meanwhile, the market looked for a supply build of some 2 million barrels. Following last week's decline, current inventories — at 112.4 million barrels — are marginally below the year-ago level (by 0.9%) and 11% lower than the five-year average.
Refinery Rates: Refinery utilization, at 89.3%, edged down 0.3% from the prior week.
Final Word
Even as fears related to high inflation and slowing growth somewhat cloud the outlook for Oil/Energy, it has remained the best S&P 500 sector over the past year. The space has generated a total return of around 12.1% in the trailing 12 months compared with the S&P 500's decline of 6.9%.
Apart from a relatively constructive fundamental picture, the sector is enjoying support from geopolitical uncertainty amid Russia's military operations in Ukraine. In March 2022, crude prices surged to multi-year highs of $130 on concerns about supplies from Russia, one of the world's largest producers of the commodity.
Agreed, oil has pulled back from those lofty levels, However, the commodity still has enough reasons to stay elevated in the near-to-medium term, with the conflict showing no signs of a quick resolution, the risk of dwindling inventory and the influential oil exporters' group OPEC sticking to a conservative production profile.
While the banking sector turmoil did affect the sector temporarily, the crisis seems to have eased now. Crude also got a leg up and is now trading above $80 after U.S. Federal Reserve signaled an imminent end to interest rate increases, while the Biden Administration hinted at replenishing the SPR — a massive supply of government crude that is used in unforeseen circumstances — sometime this year.
3 Stocks to Buy
Investors interested in the energy sector might look at NOW Inc., Par Pacific Holdings and Sunoco LP. Each of the companies currently carries a Zacks Rank #1 (Strong Buy).
You can see the complete list of today's Zacks #1 Rank stocks here.
NOW Inc.: DNOW beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters. NOW Inc. has a trailing four-quarter earnings surprise of 41.3%, on average.
The oilfield services provider is valued at around $1.2 billion. NOW Inc. has seen its shares edge down 0.3% in a year.
Sunoco LP: SUN beat the Zacks Consensus Estimate for earnings twice in the trailing four quarters. Sunoco has a trailing four-quarter earnings surprise of 21.6%, on average.
Sunoco is valued at around $4.5 billion. The motor fuel distributor has seen its shares gain 5.4% in a year.
Par Pacific Holdings: Par Pacific beat the Zacks Consensus Estimate for earnings in three of the last four quarters. The oil refining company has a trailing four-quarter earnings surprise of roughly 16.1%, on average.
Par Pacific is valued at around $1.7 billion. PARR has seen its shares surge 82.1% in a year.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
https://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 https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Hertz Global Holdings, Inc. (HTZ) : Free Stock Analysis Report
Sunoco LP (SUN) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
NOW Inc. (DNOW) : Free Stock Analysis Report
Par Pacific Holdings, Inc. (PARR) : 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.
|
For Immediate Release Chicago, IL – April 14, 2023 – Zacks Equity Research shares American Airlines AAL as the Bull of the Day and Hertz Global HTZ as the Bear of the Day. Shares of AAL also trade 74% below their historical high of 21.1X since merging with U.S Airways in 2013. Click to get this free report Hertz Global Holdings, Inc. (HTZ) : Free Stock Analysis Report Sunoco LP (SUN) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report NOW Inc. (DNOW) : Free Stock Analysis Report Par Pacific Holdings, Inc. (PARR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report Hertz Global Holdings, Inc. (HTZ) : Free Stock Analysis Report Sunoco LP (SUN) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report NOW Inc. (DNOW) : Free Stock Analysis Report Par Pacific Holdings, Inc. (PARR) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – April 14, 2023 – Zacks Equity Research shares American Airlines AAL as the Bull of the Day and Hertz Global HTZ as the Bear of the Day. Shares of AAL also trade 74% below their historical high of 21.1X since merging with U.S Airways in 2013.
|
Click to get this free report Hertz Global Holdings, Inc. (HTZ) : Free Stock Analysis Report Sunoco LP (SUN) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report NOW Inc. (DNOW) : Free Stock Analysis Report Par Pacific Holdings, Inc. (PARR) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – April 14, 2023 – Zacks Equity Research shares American Airlines AAL as the Bull of the Day and Hertz Global HTZ as the Bear of the Day. Shares of AAL also trade 74% below their historical high of 21.1X since merging with U.S Airways in 2013.
|
For Immediate Release Chicago, IL – April 14, 2023 – Zacks Equity Research shares American Airlines AAL as the Bull of the Day and Hertz Global HTZ as the Bear of the Day. Shares of AAL also trade 74% below their historical high of 21.1X since merging with U.S Airways in 2013. Click to get this free report Hertz Global Holdings, Inc. (HTZ) : Free Stock Analysis Report Sunoco LP (SUN) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report NOW Inc. (DNOW) : Free Stock Analysis Report Par Pacific Holdings, Inc. (PARR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
76b362f3-0480-489a-b33a-b8bff46b4312
|
2695.0
|
2023-04-14 00:00:00 UTC
|
Delta (DAL) to Resume Flights From London Gatwick to JFK
|
AAL
|
https://www.nasdaq.com/articles/delta-dal-to-resume-flights-from-london-gatwick-to-jfk
|
nan
|
nan
|
Delta Air Lines, Inc. DAL has announced the resumption of its daily non-stop flights from London Gatwick to New York-John F. Kennedy International ("JFK") airport.
Notably, Delta is returning to London Gatwick after a long gap of 15 years, and the comeback of the airline coincides with its 45th anniversary of serving the UK-U.S. market.
Nicolas Ferri, Delta’s vice president of Europe, the Middle East, Africa and India, stated, “Delta started flying to the UK 45 years ago this month at Gatwick and so it is fitting that we are restarting our operations from Gatwick to the United States.”
He added, “On board, customers will discover an elevated service and special touches to make their journey memorable.”
The London Gatwick to New York-JFK route will provide access to destinations across North America, including cities like New Orleans, Nashville and Miami, and California’s beaches in Los Angeles and San Diego. Other popular tourist destinations include San Francisco, Salt Lake City and Seattle.
The route is expected to serve the British economy equally well by providing access to tourist destinations like London, Brighton and Cambridge. All these tourist destinations can be easily reached by train from Gatwick.
Delta is gearing up to offer its customers an upgraded travel experience. Comforts start from enhanced Boeing 767-300 aircraft featuring Delta cabin experiences to fully flat-bed seats in Delta One to Delta Comfort+ and Main Cabin.
Currently, Delta carries a Zacks Rank #3 (Hold).
Investors interested in better-ranked stocks from the Zacks Transportation – Airline industry can consider Copa Holdings, S.A. CPA and American Airlines AAL. Each companies presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of 40.8% for the current year. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 15% over the past 90 days. Shares of CPA have risen 22.7% over the past six months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 40.5% over the past 90 days. Shares of AAL have gained 14.8% over the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Copa Holdings, S.A. (CPA) : Free Stock Analysis 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.
|
Investors interested in better-ranked stocks from the Zacks Transportation – Airline industry can consider Copa Holdings, S.A. CPA and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
|
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 40.5% over the past 90 days. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in better-ranked stocks from the Zacks Transportation – Airline industry can consider Copa Holdings, S.A. CPA and American Airlines AAL.
|
Investors interested in better-ranked stocks from the Zacks Transportation – Airline industry can consider Copa Holdings, S.A. CPA and American Airlines AAL. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
|
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 40.5% over the past 90 days. Investors interested in better-ranked stocks from the Zacks Transportation – Airline industry can consider Copa Holdings, S.A. CPA and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
|
5209f45f-b9e1-4718-964c-8864e75a0d1e
|
2696.0
|
2023-04-14 00:00:00 UTC
|
The Zacks Analyst Blog Highlights American Airlines, Gol Linhas, Azul, Ryanair Holdings and JetBlue Airways
|
AAL
|
https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-american-airlines-gol-linhas-azul-ryanair-holdings-and
|
nan
|
nan
|
For Immediate Release
Chicago, IL – April 14, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: American Airlines' AAL, Gol Linhas GOL, Azul AZUL, Ryanair Holdings' RYAAY and JetBlue Airways JBLU.
Here are highlights from Thursday’s Analyst Blog:
Airline Stock Roundup: Q1 Earnings Forecasts and Expansion Updates
In the past week, American Airlines' management gave an updated outlook for first-quarter 2023. AAL's results are likely to be hurt by higher costs. Latin American carriers, Gol Linhas and Azul also grabbed headlines, courtesy of their respective March traffic numbers. Upbeat air travel demand aided the traffic reports.
European carrier, Ryanair Holdings' March traffic numbers were also aided by the rise in air travel demand. Meanwhile, an expansion-related update was available from JetBlue Airways in the past week.
Read the last Airline Roundup here.
Recap of the Latest Top Stories
1 Driven by soaring demand on healthy bookings, AAL's management expects first-quarter 2023 TRASM to be 25.5% higher than the first-quarter 2022 actuals. This is at the mid-point of the 24-27% uptick expected previously. AAL, currently sporting a Zacks Rank #1 (Strong Buy), expects system capacity for the March-end quarter to increase 9.2% from the figure reported in first-quarter 2022, which again is at the mid-point of the 8-10% uptick expected previously.
Fuel cost per gallon in first-quarter 2023 is now expected to be in the $3.27-$3.32 range (earlier guidance: $3.33-$3.38). Fuel gallon consumption is now expected to be $970 million in first-quarter 2023, higher than $955 million expected previously. The company continues to expect total non-operating expenses of $415 million for the March-end quarter. CASM, excluding fuel and special items, is now expected to decrease 1.5% in the first quarter of 2023 from the figure reported in first-quarter 2022 (earlier guidance: flat to down 3%).
The adjusted operating margin in the March-end quarter is anticipated to be 3.5% (earlier guidance: 2.5-4.5%). AAL now expects the March-end quarter's earnings per share (excluding net special items) to be in the 1-5 cents range (earlier guidance called for breakeven earnings). The mid-point of the revised guidance is in line with the Zacks Consensus Estimate of 3 cents. You can see the complete list of today's Zacks #1 Rank tocks here
2. The number of passengers ferried on RYAAY flights in March was an impressive 12.6 million. This compared favorably with the year-ago figure of 11.2 million. Load factor (% of seats filled by passengers) was 93% in March 2023 compared with 87% a year ago. Ryanair expects its traffic in fiscal 2023 to be 168 million, indicating 13% growth from pre-COVID traffic numbers.
3. Driven by the improvement in air travel demand, Gol Linhas reported healthy traffic data for March. The number of passengers ferried on Gol flights in March registered a 22.3% year-over-year increase. The consolidated load factor was 82.3% in March 2023 compared with 29.5% a year ago. Load factor increased as consolidated traffic growth of 17.2% in the month was more than the capacity expansion (also on a consolidated basis) of 13.3%. Domestic departures, which accounted for more than 95% of total departures during the month, have grown 17.4% on a year-over-year basis. On the domestic front, the number of seats increased 17.1% in March.
4. At Azul, consolidated revenue passenger kilometers, a measure of air traffic, showed an increase of 8.1% for March 2023 compared with the year-ago reported figure. The company's various codeshare agreements have helped increase international air traffic by 89.7% compared with the year-ago figure. A 9.4% increase in capacity has resulted in the load factor being at 77.8% for the reported period.
5. JetBlue, in coordination with Massachusetts Port Authority, announced two new routes from Worcester Regional Airport in Massachusetts to attract additional traffic. One of these is a seasonal service from Worcester, MA, to Southwest Florida International Airport in Fort Myers, FL. Flights (non-stop) on this route will be operational from Jan 4, 2024. The other route will be operating from Worcester, MA to Orlando Sanford International Airport. Flights to Orlando, which stopped during the pandemic, will resume operation from Jun 15.
Performance
Most airline stocks have traded in the green over the last five trading days. The NYSE ARCA Airline Index has increased 3.6% to $58.47, led by a double-digit gain at Gol Linhas. Over the course of the past six months, the NYSE ARCA Airline Index has gained 12.2%.
What's Next in the Airline Space?
Stay tuned for first-quarter 2023 earnings reports of various airlines.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
AZUL (AZUL) : 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.
|
Stocks recently featured in the blog include: American Airlines' AAL, Gol Linhas GOL, Azul AZUL, Ryanair Holdings' RYAAY and JetBlue Airways JBLU. AAL's results are likely to be hurt by higher costs. Recap of the Latest Top Stories 1 Driven by soaring demand on healthy bookings, AAL's management expects first-quarter 2023 TRASM to be 25.5% higher than the first-quarter 2022 actuals.
|
Stocks recently featured in the blog include: American Airlines' AAL, Gol Linhas GOL, Azul AZUL, Ryanair Holdings' RYAAY and JetBlue Airways JBLU. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL's results are likely to be hurt by higher costs.
|
Stocks recently featured in the blog include: American Airlines' AAL, Gol Linhas GOL, Azul AZUL, Ryanair Holdings' RYAAY and JetBlue Airways JBLU. AAL, currently sporting a Zacks Rank #1 (Strong Buy), expects system capacity for the March-end quarter to increase 9.2% from the figure reported in first-quarter 2022, which again is at the mid-point of the 8-10% uptick expected previously. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
AAL, currently sporting a Zacks Rank #1 (Strong Buy), expects system capacity for the March-end quarter to increase 9.2% from the figure reported in first-quarter 2022, which again is at the mid-point of the 8-10% uptick expected previously. Stocks recently featured in the blog include: American Airlines' AAL, Gol Linhas GOL, Azul AZUL, Ryanair Holdings' RYAAY and JetBlue Airways JBLU. AAL's results are likely to be hurt by higher costs.
|
d5f7cb13-a99f-458c-8c2d-af4db2f96537
|
2697.0
|
2023-04-13 00:00:00 UTC
|
Airline Stock Roundup: AAL's Revised Q1 Forecast, JBLU's Expansion Update & More
|
AAL
|
https://www.nasdaq.com/articles/airline-stock-roundup%3A-aals-revised-q1-forecast-jblus-expansion-update-more
|
nan
|
nan
|
In the past week, American Airlines’ AAL management gave an updated outlook for first-quarter 2023. AAL’s results are likely to be hurt by higher costs. Latin American carriers, Gol Linhas GOL and Azul AZUL also grabbed headlines, courtesy of their respective March traffic numbers. Upbeat air travel demand aided the traffic reports.
European carrier, Ryanair Holdings’ RYAAY March traffic numbers were also aided by the rise in air travel demand. Meanwhile, an expansion-related update was availablefrom JetBlue Airways JBLU in the past week.
Read the last Airline Roundup here.
Recap of the Latest Top Stories
1 Driven by soaring demand on healthy bookings, AAL’s management expects first-quarter 2023 TRASM to be 25.5% higher than the first-quarter 2022 actuals. This is at the mid-point of the 24-27% uptick expected previously. AAL, currently sporting a Zacks Rank #1 (Strong Buy), expects system capacity for the March-end quarter to increase 9.2% from the figure reported in first-quarter 2022, which again is at the mid-point of the 8-10% uptick expected previously.
Fuel cost per gallon in first-quarter 2023 is now expected to be in the $3.27-$3.32 range (earlier guidance: $3.33-$3.38). Fuel gallon consumption is now expected to be $970 million in first-quarter 2023, higher than $955 million expected previously. The company continues to expect total non-operating expenses of $415 million for the March-end quarter. CASM, excluding fuel and special items, is now expected to decrease 1.5% in the first quarter of 2023 from the figure reported in first-quarter 2022 (earlier guidance: flat to down 3%). The adjusted operating margin in the March-end quarter is anticipated to be 3.5% (earlier guidance: 2.5-4.5%). AAL now expects the March-end quarter's earnings per share (excluding net special items) to be in the 1-5 cents range (earlier guidance called for breakeven earnings). The mid-point of the revised guidance is in line with the Zacks Consensus Estimate of 3 cents. You can see the complete list of today’s Zacks #1 Rank tocks here
2. The number of passengers ferried on RYAAY flights in March was an impressive 12.6 million. This compared favorably with the year-ago figure of 11.2 million. Load factor (% of seats filled by passengers) was 93% in March 2023 compared with 87% a year ago. Ryanair expects its traffic in fiscal 2023 to be 168 million, indicating 13% growth from pre-COVID traffic numbers.
3. Driven by the improvement in air travel demand, Gol Linhas reported healthy traffic data for March. The number of passengers ferried on Gol flights in March registered a 22.3% year-over-year increase. The consolidated load factor was 82.3% in March 2023 compared with 29.5% a year ago. Load factor increased as consolidated traffic growth of 17.2% in the month was more than the capacity expansion (also on a consolidated basis) of 13.3%. Domestic departures, which accounted for more than 95% of total departures during the month, have grown 17.4% on a year-over-year basis. On the domestic front, the number of seats increased 17.1% in March.
4. At Azul, consolidated revenue passenger kilometers, a measure of air traffic, showed an increase of 8.1% for March 2023 compared with the year-ago reported figure. The company’s various codeshare agreements have helped increase international air traffic by 89.7% compared with the year-ago figure. A 9.4% increase in capacity has resulted in the load factor being at 77.8% for the reported period.
5. JetBlue, in coordination with Massachusetts Port Authority, announced two new routes from Worcester Regional Airport in Massachusetts to attract additional traffic. One of these is a seasonal service from Worcester, MA, to Southwest Florida International Airport in Fort Myers, FL. Flights (non-stop) on this route will be operational from Jan 4, 2024. The other route will be operating from Worcester, MA to Orlando Sanford International Airport. Flights to Orlando, which stopped during the pandemic, will resume operation from Jun 15.
Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
Image Source: Zacks Investment Research
The table above shows that most airline stocks have traded in the green over the last five trading days. The NYSE ARCA Airline Index has increased 3.6% to $58.47, led by a double-digit gain at Gol Linhas. Over the course of the past six months, the NYSE ARCA Airline Index has gained 12.2%.
What's Next in the Airline Space?
Stay tuned for first-quarter 2023 earnings reports of various airlines.
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
Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
AZUL (AZUL) : 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.
|
In the past week, American Airlines’ AAL management gave an updated outlook for first-quarter 2023. AAL’s results are likely to be hurt by higher costs. Recap of the Latest Top Stories 1 Driven by soaring demand on healthy bookings, AAL’s management expects first-quarter 2023 TRASM to be 25.5% higher than the first-quarter 2022 actuals.
|
Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. In the past week, American Airlines’ AAL management gave an updated outlook for first-quarter 2023. AAL’s results are likely to be hurt by higher costs.
|
AAL, currently sporting a Zacks Rank #1 (Strong Buy), expects system capacity for the March-end quarter to increase 9.2% from the figure reported in first-quarter 2022, which again is at the mid-point of the 8-10% uptick expected previously. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. In the past week, American Airlines’ AAL management gave an updated outlook for first-quarter 2023.
|
AAL, currently sporting a Zacks Rank #1 (Strong Buy), expects system capacity for the March-end quarter to increase 9.2% from the figure reported in first-quarter 2022, which again is at the mid-point of the 8-10% uptick expected previously. In the past week, American Airlines’ AAL management gave an updated outlook for first-quarter 2023. AAL’s results are likely to be hurt by higher costs.
|
80487896-68bc-4913-a6be-84ed15d06ca4
|
2698.0
|
2023-04-13 00:00:00 UTC
|
Goldman Sachs Maintains American Airlines Group (AAL) Neutral Recommendation
|
AAL
|
https://www.nasdaq.com/articles/goldman-sachs-maintains-american-airlines-group-aal-neutral-recommendation
|
nan
|
nan
|
Fintel reports that on April 13, 2023, Goldman Sachs maintained coverage of American Airlines Group (NASDAQ:AAL) with a Neutral recommendation.
Analyst Price Forecast Suggests 32.93% Upside
As of April 6, 2023, the average one-year price target for American Airlines Group is $17.28. The forecasts range from a low of $8.08 to a high of $27.30. The average price target represents an increase of 32.93% from its latest reported closing price of $13.00.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group is $51,177MM, an increase of 4.50%. The projected annual non-GAAP EPS is $1.52.
What are Other Shareholders Doing?
ONEQ - Fidelity Nasdaq Composite Index Tracking Stock holds 151K shares representing 0.02% ownership of the company. In it's prior filing, the firm reported owning 147K shares, representing an increase of 2.64%. The firm increased its portfolio allocation in AAL by 14.08% over the last quarter.
VRVIX - Vanguard Russell 1000 Value Index Fund Institutional Shares holds 280K shares representing 0.04% ownership of the company. In it's prior filing, the firm reported owning 267K shares, representing an increase of 4.88%. The firm increased its portfolio allocation in AAL by 5.70% over the last quarter.
IMC-Chicago holds 17K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 39K shares, representing a decrease of 125.73%. The firm decreased its portfolio allocation in AAL by 99.94% over the last quarter.
Whitebox Advisors holds 90K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 8,963K shares, representing a decrease of 9,904.94%. The firm decreased its portfolio allocation in AAL by 98.95% over the last quarter.
New York State Common Retirement Fund holds 594K shares representing 0.09% ownership of the company. In it's prior filing, the firm reported owning 599K shares, representing a decrease of 0.89%. The firm decreased its portfolio allocation in AAL by 2.05% over the last quarter.
What is the Fund Sentiment?
There are 1010 funds or institutions reporting positions in American Airlines Group. This is an increase of 17 owner(s) or 1.71% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.12%, a decrease of 4.62%. Total shares owned by institutions decreased in the last three months by 3.31% to 396,483K shares.
The put/call ratio of AAL is 2.66, indicating a bearish outlook.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
See all American Airlines Group regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on April 13, 2023, Goldman Sachs maintained coverage of American Airlines Group (NASDAQ:AAL) with a Neutral recommendation. The firm increased its portfolio allocation in AAL by 14.08% over the last quarter. The firm increased its portfolio allocation in AAL by 5.70% over the last quarter.
|
Fintel reports that on April 13, 2023, Goldman Sachs maintained coverage of American Airlines Group (NASDAQ:AAL) with a Neutral recommendation. The firm increased its portfolio allocation in AAL by 14.08% over the last quarter. The firm increased its portfolio allocation in AAL by 5.70% over the last quarter.
|
Fintel reports that on April 13, 2023, Goldman Sachs maintained coverage of American Airlines Group (NASDAQ:AAL) with a Neutral recommendation. The firm increased its portfolio allocation in AAL by 14.08% over the last quarter. The firm increased its portfolio allocation in AAL by 5.70% over the last quarter.
|
Fintel reports that on April 13, 2023, Goldman Sachs maintained coverage of American Airlines Group (NASDAQ:AAL) with a Neutral recommendation. The firm increased its portfolio allocation in AAL by 14.08% over the last quarter. The firm increased its portfolio allocation in AAL by 5.70% over the last quarter.
|
a6f1a18e-64a0-4b33-9d70-feba4359e9d1
|
2699.0
|
2023-04-13 00:00:00 UTC
|
American Airlines (AAL) Stock Sinks As Market Gains: What You Should Know
|
AAL
|
https://www.nasdaq.com/articles/american-airlines-aal-stock-sinks-as-market-gains%3A-what-you-should-know-2
|
nan
|
nan
|
In the latest trading session, American Airlines (AAL) closed at $12.95, marking a -0.38% move from the previous day. This change lagged the S&P 500's daily gain of 1.33%. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 2.94%.
Heading into today, shares of the world's largest airline had lost 6.2% over the past month, lagging the Transportation sector's gain of 0.85% and the S&P 500's gain of 6.11% in that time.
Investors will be hoping for strength from American Airlines as it approaches its next earnings release. In that report, analysts expect American Airlines to post earnings of $0.03 per share. This would mark year-over-year growth of 101.29%. Meanwhile, our latest consensus estimate is calling for revenue of $12.23 billion, up 37.45% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.55 per share and revenue of $53.7 billion. These totals would mark changes of +410% and +9.66%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for American Airlines. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 9.53% higher within the past month. American Airlines currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note American Airlines's current valuation metrics, including its Forward P/E ratio of 5.11. This represents a discount compared to its industry's average Forward P/E of 11.2.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 32, 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.
To follow AAL in the coming trading sessions, be sure to utilize 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.
|
In the latest trading session, American Airlines (AAL) closed at $12.95, marking a -0.38% move from the previous day. To follow AAL in the coming trading sessions, be sure to utilize Zacks.com. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
In the latest trading session, American Airlines (AAL) closed at $12.95, marking a -0.38% move from the previous day. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.
|
In the latest trading session, American Airlines (AAL) closed at $12.95, marking a -0.38% move from the previous day. To follow AAL in the coming trading sessions, be sure to utilize Zacks.com. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
In the latest trading session, American Airlines (AAL) closed at $12.95, marking a -0.38% move from the previous day. To follow AAL in the coming trading sessions, be sure to utilize Zacks.com. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
7826872f-323f-48c6-a1e8-c53bbff37f9a
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.