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2020-12-11 00:00:00 UTC
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You Need More Than Patience to Buy American Airlines
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https://www.nasdaq.com/articles/you-need-more-than-patience-to-buy-american-airlines-2020-12-11
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
American Airlines (NASDAQ:AAL) is taking part in the vaccine rally. Shares of AAL stock are up more than 38% over the last 30 days. And although there’s been other news, I have to believe it’s mostly due to the hope that stems from multiple novel coronavirus vaccine candidates.
Source: GagliardiPhotography / Shutterstock.com
But American knows that they are looking at a blue Christmas with or without a vaccine. That’s why they’ve come up with an interesting partnership. They are offering passengers the opportunity to purchase an at-home Covid-19 testing kit from LetsGetChecked.
The idea is simple enough. If passengers are armed with a negative test result prior to boarding a plane they may avoid a mandatory quarantine at their destination. And having a negative test may also give skittish passengers the confidence to take to the skies.
On the latter I believe they may be on to something. But the former? Not so much. And that’s why I still find AAL stock to be a speculative buy at best.
An Overly Simple Solution
I can respect American’s efforts to offer a solution that, at a quick glance, could offer peace of mind to travelers. However, it didn’t take me much time to formulate some rudimentary concerns.
8 Battery Stocks That Electric Vehicle Companies Rely On
First, by American’s own admission not all states will waive their quarantine requirements based on a negative test. So that means you pay $129 for the test (on top of your airfare) and you’ll still be subject to quarantine. That’s a privilege that many passengers will opt not to pay for.
Second, the test is a home test, which means that you’re relying on consumers to administer the test properly. Personally I’ve never had a test. I’ve heard from people who have. They’ve told me it’s a little painful when administered correctly. I don’t imagine that will be the case here. All I’m saying is I can see a lot of false or inconclusive results.
Third, there’s the cost issue. I know that testing is still not readily available in all parts of the country. However, I live in a not densely populated area and I could go to my local Rite Aid (NYSE:RAD) and get a test performed for free. And I would get the results in the same time frame, or sooner, than the test being offered through LetsGetChecked.
Finally, the whole problem with the virus is the potential for asymptomatic transmission. You could be virus-free one day and have the virus the next but feel absolutely fine. That is why I imagine some states are not waiving their requirements for a positive test.
The push for massive testing is useful in terms of contact tracing. But for providing the kind of certainty American is looking for, not so much.
Taking the Temperature of Passengers
I admit that if passengers have a negative test and believe, or know, that other passengers have a negative test it could give them more confidence to fly. But with fever being one of the most telltale symptoms of Covid-19 so might a quick temperature check.
And it would cost a lot less.
But even then I suspect the gains would only be incremental. People that have to fly today will fly. And people that don’t won’t.
AAL Stock Has Hit Its Vaccine Premium
By now we all know that no matter how many vaccines are available, the pandemic won’t end by Christmas. Or Valentine’s Day. In fact, if we’re watching a gigantic fireworks display on the Fourth of July, we may be very fortunate indeed.
So my advice with travel-related stocks is not to give the stock a vaccine premium. Yes, the reality (and it is a reality) of a vaccine puts a floor on American and other airline stocks. However whatever you felt about AAL stock in January is how you should feel about it today. Back then, other airline stocks looked like a better buy and the same is true today.
There are 20 analysts who cover American and they offer a 12-month price target of $14.50. That’s about 15% less than where the stock is as I write this. The high price target of $27 was offered in June. That seems like an eternity. Recent price targets aren’t as generous.
If you’re going to take a ride on AAL stock, patience may not be enough.
On the date of publication Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Chris Markoch is a freelance financial copywriter who has been covering the market for over six years. He has been writing for Investor Place since 2019.
The post You Need More Than Patience to Buy American Airlines appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) is taking part in the vaccine rally. Shares of AAL stock are up more than 38% over the last 30 days. And that’s why I still find AAL stock to be a speculative buy at best.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) is taking part in the vaccine rally. Shares of AAL stock are up more than 38% over the last 30 days. And that’s why I still find AAL stock to be a speculative buy at best.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) is taking part in the vaccine rally. Shares of AAL stock are up more than 38% over the last 30 days. And that’s why I still find AAL stock to be a speculative buy at best.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) is taking part in the vaccine rally. AAL Stock Has Hit Its Vaccine Premium By now we all know that no matter how many vaccines are available, the pandemic won’t end by Christmas. Shares of AAL stock are up more than 38% over the last 30 days.
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85f962ce-3005-4e67-9ce3-4f53747e554a
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4901.0
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2020-12-11 00:00:00 UTC
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Friday's ETF with Unusual Volume: SPYX
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https://www.nasdaq.com/articles/fridays-etf-with-unusual-volume%3A-spyx-2020-12-11
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Friday, with over 587,000 shares traded versus three month average volume of about 48,000. Shares of SPYX were off about 0.7% on the day.
Components of that ETF with the highest volume on Friday were American Airlines Group, trading off about 4.4% with over 55.1 million shares changing hands so far this session, and Walt Disney, up about 13% on volume of over 48.7 million shares. Qualcomm is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF Friday, trading lower by about 7.7%.
VIDEO: Friday's ETF with Unusual Volume: SPYX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Friday, with over 587,000 shares traded versus three month average volume of about 48,000. Components of that ETF with the highest volume on Friday were American Airlines Group, trading off about 4.4% with over 55.1 million shares changing hands so far this session, and Walt Disney, up about 13% on volume of over 48.7 million shares. Qualcomm is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF Friday, trading lower by about 7.7%.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Friday, with over 587,000 shares traded versus three month average volume of about 48,000. Qualcomm is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF Friday, trading lower by about 7.7%. VIDEO: Friday's ETF with Unusual Volume: SPYX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Friday, with over 587,000 shares traded versus three month average volume of about 48,000. Components of that ETF with the highest volume on Friday were American Airlines Group, trading off about 4.4% with over 55.1 million shares changing hands so far this session, and Walt Disney, up about 13% on volume of over 48.7 million shares. VIDEO: Friday's ETF with Unusual Volume: SPYX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Friday, with over 587,000 shares traded versus three month average volume of about 48,000. Shares of SPYX were off about 0.7% on the day. Components of that ETF with the highest volume on Friday were American Airlines Group, trading off about 4.4% with over 55.1 million shares changing hands so far this session, and Walt Disney, up about 13% on volume of over 48.7 million shares.
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80e5e110-bfea-4a5c-895c-0884c86a3832
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4902.0
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2020-12-11 00:00:00 UTC
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After Hours Most Active for Dec 11, 2020 : AAPL, SAVE, SONO, KGC, SGMS, ALLY, MOS, PLYA, BSX, NIO, AAL, MSFT
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AAL
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https://www.nasdaq.com/articles/after-hours-most-active-for-dec-11-2020-%3A-aapl-save-sono-kgc-sgms-ally-mos-plya-bsx-nio
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The NASDAQ 100 After Hours Indicator is down -2.85 to 12,372.56. The total After hours volume is currently 97,597,887 shares traded.
The following are the most active stocks for the after hours session:
Apple Inc. (AAPL) is -0.09 at $122.32, with 5,374,719 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Spirit Airlines, Inc. (SAVE) is +0.02 at $26.25, with 4,608,764 shares traded. As reported by Zacks, the current mean recommendation for SAVE is in the "buy range".
Sonos, Inc. (SONO) is unchanged at $20.85, with 4,415,877 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021. The consensus EPS forecast is $-0.2. SONO's current last sale is 90.65% of the target price of $23.
Kinross Gold Corporation (KGC) is unchanged at $7.20, with 4,346,121 shares traded. As reported by Zacks, the current mean recommendation for KGC is in the "buy range".
Scientific Games Corp (SGMS) is unchanged at $40.23, with 3,736,108 shares traded. SGMS's current last sale is 107.28% of the target price of $37.5.
Ally Financial Inc. (ALLY) is unchanged at $33.92, with 3,293,790 shares traded. As reported by Zacks, the current mean recommendation for ALLY is in the "buy range".
Mosaic Company (The) (MOS) is unchanged at $22.23, with 3,235,751 shares traded. MOS's current last sale is 109.78% of the target price of $20.25.
Playa Hotels & Resorts N.V. (PLYA) is unchanged at $4.85, with 2,929,925 shares traded. PLYA's current last sale is 74.62% of the target price of $6.5.
Boston Scientific Corporation (BSX) is unchanged at $33.60, with 2,916,392 shares traded. As reported by Zacks, the current mean recommendation for BSX is in the "buy range".
NIO Inc. (NIO) is -0.3 at $41.68, with 2,830,411 shares traded. NIO's current last sale is 126.3% of the target price of $33.
American Airlines Group, Inc. (AAL) is +0.08 at $17.13, with 2,669,638 shares traded. AAL's current last sale is 171.3% of the target price of $10.
Microsoft Corporation (MSFT) is unchanged at $213.26, with 2,345,217 shares traded. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is +0.08 at $17.13, with 2,669,638 shares traded. AAL's current last sale is 171.3% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021.
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American Airlines Group, Inc. (AAL) is +0.08 at $17.13, with 2,669,638 shares traded. AAL's current last sale is 171.3% of the target price of $10. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
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American Airlines Group, Inc. (AAL) is +0.08 at $17.13, with 2,669,638 shares traded. AAL's current last sale is 171.3% of the target price of $10. Sonos, Inc. (SONO) is unchanged at $20.85, with 4,415,877 shares traded.
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American Airlines Group, Inc. (AAL) is +0.08 at $17.13, with 2,669,638 shares traded. AAL's current last sale is 171.3% of the target price of $10. The NASDAQ 100 After Hours Indicator is down -2.85 to 12,372.56.
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69f50823-08e3-476b-bcd5-ca966a31557b
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4903.0
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2020-12-11 00:00:00 UTC
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Are These The Best Epicenter Stocks To Buy After Pfizer’s FDA News?
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AAL
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https://www.nasdaq.com/articles/are-these-the-best-epicenter-stocks-to-buy-after-pfizers-fda-news-2020-12-11
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3 Top Epicenter Stocks To Watch Right Now
Pfizer’s (PFE Stock Report) COVID-19 vaccine reached a key milestone on Thursday. This came after a panel of experts formally recommended that the FDA authorize the vaccine. Fresh off the news, epicenter stocks are making moves on stronger prospects of a faster reopening. With this panel’s blessing, the U.S. may finally begin to slow the spread of the virus and reduce the alarming death rate, which tops 3,000 daily.
With Pfizer is pressing ahead with the emergency use authorization, global economies could be set for recovery in 2021. That’s good news for the economy, and of course…the stock market. And in anticipation of an economic recovery, investors have been looking for the best epicenter stocks to watch. These stocks were hit badly at the onset of the pandemic. They are well known to underperform during a recession and will stand to benefit from a recovering economy. Put another way, you could say that these epicenter stocks are cyclical stocks. So, in the context of the coronavirus pandemic, these epicenter stocks could refer to airline stocks like Southwest Airlines (LUV Stock Report) and industrial companies like Boeing (BA Stock Report).
It is interesting to note that in the last few months, many of these top epicenter stocks to watch were on the brink of bankruptcy. Lockdowns and work from home restrictions meant fewer people were traveling. Cruises and cinemas had become hotspots for the coronavirus to spread, so they had to be closed. However, epicenter stocks could also be the fastest to recover. This came as vaccines are on the verge of getting to the masses globally. With that in mind, will you take advantage of the opportunity by looking for the best epicenter stocks to buy? If yes, would the following fit your appetite?
Read More
Making A List Of The Top Food Delivery Stocks In December? 3 Names To Watch
Should You Be Adding These Top Tech Stocks To Your December Watchlist? 3 To Consider
Best Epicenter Stocks To Buy [Or Sell] Now: Walt Disney
Walt Disney (DIS Stock Report) is an epicenter stock worth a closer look. Sure, with social distancing restrictions in place, the company lost several sources of revenue. Two notable ones would be its box office revenue from movie releases and Disneyland theme park/resort revenue. But that’s not the main point. Recall that Disney restructured its media and entertainment divisions, with streaming becoming the most important facet of the company’s media business. And just yesterday, Disney unveiled Star, a huge cache of content, signaling that it intends to dominate both streaming and theaters. Star is a free tier within Disney+ for subscribers in Europe, Canada, and New Zealand that will be fully integrated into the streaming platform.
The company has seen steady growth in the months since the COVID-19 pandemic hit. The knockout success with its Disney+ is what’s behind this. Disney CEO Bob Chapek first talked about Star earlier in August, announcing plans to launch an international streaming service that is similar to Hulu. “In terms of the general entertainment offering internationally, we want to mirror our successful Disney Plus strategy by using our Disney Plus technical platform, bringing in the content we already own and distributing it under a successful international brand that we also already own, which is, of course, Star,” Chapek told analysts at the time.
Of course, now that a vaccine is in sight, Disney’s theme parks could see a return in traffic. Similarly, its cruise lines could be ready to sail again. In the previous quarter, Disney still reported a loss. The share price has now broken even year to date. With a growing streaming business and recovery in other segments, could this be a great opportunity to buy DIS stock?
Best Epicenter Stocks To Buy [Or Sell] Now: Starbucks
Starbucks (SBUX Stock Report) has weathered the coronavirus pandemic reasonably well. And that could make it an even better epicenter stock to buy now. While many brick-and-mortar companies are still trying to regain their footing, Starbucks is brewing up big plans to prepare for the post-pandemic world. During an Investors Day event on Wednesday, the company said it expects to grow to 55,000 locations by 2030. That implies a nearly 70% increase from the roughly 33,000 stores currently operating.
“Though we are growing off a large base, there is ample room to expand in regions where the Starbucks brand is less penetrated,” said Roz Brewer, the company’s Chief Operating Officer, on Wednesday. She noted that Starbucks has a “particular focus on high volume, high margin, suburban drive-thrus.”
While the company’s press release didn’t give country-specific targets, you could speculate that China will be playing a big role in its expansion plans. Currently, the U.S. has over 15,000 Starbucks stores, while China has over 4,700. Beginning late next year, however, the number of outlets in China expects to increase at a double-digit pace. In comparison, the growth in the U.S. would be around 3%. With international expansion continuing to be on the cards, will you add SBUX stock to your watchlist?
[Read More] Looking For Best Stocks To Buy This Holiday Season? 2 Making Big Moves This Week
Best Epicenter Stocks To Buy [Or Sell] Now: American Airlines
American Airlines (AAL Stock Report) is another epicenter stock that is on many investors’ radar. Since climbing more than 50% in November alone, the airline flew to a higher altitude this week in apparent response to a change of stake from investment manager BlackRock (BLK Stock Report). But here’s a catch. If we dig deeper at the history of the company’s stake this year, we know that the investment firm is not taking a new position. Rather, it has been shedding its holdings from 5.5% in April to 4.8% now. Investors who jumped straight to the headline and proceed with their purchase might want to think twice now. Of course, these investment management companies could be wrong too.
Recall that even Warren Buffett made a mistake earlier this year by dumping his positions in airline stocks. This experience shows that investors should take a deep breath and do their research carefully before jumping to conclusions. Taking a step back, American Airlines reported its third-quarter earnings in October where the losses were narrower than analysts estimated. The company reported revenues of $3.2 billion, a 73% drop year-over-year. American Airlines also reported a 59% decrease in total available seat miles. Besides, it saw a net loss of $2.4 billion for the third quarter.
If you have missed the flight when AAL stock was trading in the single digits, bear in mind that AAL stock is still a long way from its pre-pandemic level. While it could be one of the best epicenter stocks to buy right now, its debt levels are what concerns investors the most. Which makes it a more risky play compared to other epicenter stocks. But the question is, do greater risks translate to greater reward in this case? You tell me.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2 Making Big Moves This Week Best Epicenter Stocks To Buy [Or Sell] Now: American Airlines American Airlines (AAL Stock Report) is another epicenter stock that is on many investors’ radar. If you have missed the flight when AAL stock was trading in the single digits, bear in mind that AAL stock is still a long way from its pre-pandemic level. Disney CEO Bob Chapek first talked about Star earlier in August, announcing plans to launch an international streaming service that is similar to Hulu.
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2 Making Big Moves This Week Best Epicenter Stocks To Buy [Or Sell] Now: American Airlines American Airlines (AAL Stock Report) is another epicenter stock that is on many investors’ radar. If you have missed the flight when AAL stock was trading in the single digits, bear in mind that AAL stock is still a long way from its pre-pandemic level. 3 To Consider Best Epicenter Stocks To Buy [Or Sell] Now: Walt Disney Walt Disney (DIS Stock Report) is an epicenter stock worth a closer look.
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2 Making Big Moves This Week Best Epicenter Stocks To Buy [Or Sell] Now: American Airlines American Airlines (AAL Stock Report) is another epicenter stock that is on many investors’ radar. If you have missed the flight when AAL stock was trading in the single digits, bear in mind that AAL stock is still a long way from its pre-pandemic level. So, in the context of the coronavirus pandemic, these epicenter stocks could refer to airline stocks like Southwest Airlines (LUV Stock Report) and industrial companies like Boeing (BA Stock Report).
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2 Making Big Moves This Week Best Epicenter Stocks To Buy [Or Sell] Now: American Airlines American Airlines (AAL Stock Report) is another epicenter stock that is on many investors’ radar. If you have missed the flight when AAL stock was trading in the single digits, bear in mind that AAL stock is still a long way from its pre-pandemic level. So, in the context of the coronavirus pandemic, these epicenter stocks could refer to airline stocks like Southwest Airlines (LUV Stock Report) and industrial companies like Boeing (BA Stock Report).
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4904.0
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2020-12-11 00:00:00 UTC
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Anglo American sees stronger production, lower costs for 2021
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AAL
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https://www.nasdaq.com/articles/anglo-american-sees-stronger-production-lower-costs-for-2021-2020-12-11
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Adds details, quote
JOHANNESBURG, Dec 11 (Reuters) - Anglo American AAL.L's production, across all minerals, will increase by 14% in 2021, the miner said on Friday in its annual update to investors, while unit costs are expected to decrease by 3%.
The global miner said capital expenditure would be between $5.7 billion and $6.2 billion next year, reflecting deferred 2020 spending and new investments. Unit costs for 2020 fell 2% despite the impact on production of the COVID-19 pandemic.
Anglo American expects to deliver output volume growth of 20-25% over the next three to five years, with the Quellaveco project in Peru producing its first copper in 2022.
The miner, which has been under intensifying pressure to dispose of its coal assets, said it expects to exit its South African thermal coal operations within 1 1/2 to 2 1/2 years.
Anglo American, which produces gold, platinum, copper, diamonds, iron ore, and coal, said it expects to produce between 640,000 and 680,000 tonnes of copper in 2021, and gave a new forecast for 2023 production of 890,000 to 1 million tonnes.
The miner also trimmed its thermal coal production outlook from 26 million tonnes to 24 million tonnes for next year.
(Reporting by Helen Reid Editing by Tanisha Heiberg and Barbara Lewis)
((Helen.Reid@thomsonreuters.com; +27 66 156 5214;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details, quote JOHANNESBURG, Dec 11 (Reuters) - Anglo American AAL.L's production, across all minerals, will increase by 14% in 2021, the miner said on Friday in its annual update to investors, while unit costs are expected to decrease by 3%. Anglo American expects to deliver output volume growth of 20-25% over the next three to five years, with the Quellaveco project in Peru producing its first copper in 2022. Anglo American, which produces gold, platinum, copper, diamonds, iron ore, and coal, said it expects to produce between 640,000 and 680,000 tonnes of copper in 2021, and gave a new forecast for 2023 production of 890,000 to 1 million tonnes.
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Adds details, quote JOHANNESBURG, Dec 11 (Reuters) - Anglo American AAL.L's production, across all minerals, will increase by 14% in 2021, the miner said on Friday in its annual update to investors, while unit costs are expected to decrease by 3%. Anglo American expects to deliver output volume growth of 20-25% over the next three to five years, with the Quellaveco project in Peru producing its first copper in 2022. The miner also trimmed its thermal coal production outlook from 26 million tonnes to 24 million tonnes for next year.
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Adds details, quote JOHANNESBURG, Dec 11 (Reuters) - Anglo American AAL.L's production, across all minerals, will increase by 14% in 2021, the miner said on Friday in its annual update to investors, while unit costs are expected to decrease by 3%. Anglo American, which produces gold, platinum, copper, diamonds, iron ore, and coal, said it expects to produce between 640,000 and 680,000 tonnes of copper in 2021, and gave a new forecast for 2023 production of 890,000 to 1 million tonnes. The miner also trimmed its thermal coal production outlook from 26 million tonnes to 24 million tonnes for next year.
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Adds details, quote JOHANNESBURG, Dec 11 (Reuters) - Anglo American AAL.L's production, across all minerals, will increase by 14% in 2021, the miner said on Friday in its annual update to investors, while unit costs are expected to decrease by 3%. Anglo American, which produces gold, platinum, copper, diamonds, iron ore, and coal, said it expects to produce between 640,000 and 680,000 tonnes of copper in 2021, and gave a new forecast for 2023 production of 890,000 to 1 million tonnes. The miner also trimmed its thermal coal production outlook from 26 million tonnes to 24 million tonnes for next year.
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2020-12-11 00:00:00 UTC
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UK Stocks-Factors to watch on Dec. 11
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https://www.nasdaq.com/articles/uk-stocks-factors-to-watch-on-dec.-11-2020-12-11
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Dec 11 - Britain's FTSE 100 .FTSE index is seen opening 16 points lower at 6,584 on Friday, according to financial bookmakers.
* SANOFI/GSK: An experimental COVID-19 vaccine of Sanofi SASY.PA and Britain's GlaxoSmithKline GSK.L showed an insufficient immune response in clinical trial results, the French drugmaker said, a blow to efforts to find ways to fight the pandemic.
* BANKS: British banks can resume paying some dividends and bonuses after the Bank of England said they appeared well capitalised and resilient to any further coronavirus crisis fall-out.
* RETAIL: With prospects for a post-Brexit trade deal with the EU looking precarious, Britain's retail industry repeated a warning that shoppers faced higher food prices from next year if new tariffs were imposed in the absence of an agreement.
* GOLD: Gold edged up as the dollar held near a two-and-a-half-year low, offsetting concerns over delays in a U.S. coronavirus package.
* OIL: Oil rose, extending a sharp rally overnight that saw Brent rise above $50 for the first time since March, as coronavirus vaccination rollouts kept hopes alive that demand for crude would build up next year.
* The UK blue-chip index .FTSE closed 0.5% higher on Thursday as oil prices jumped to $50 per barrel for the first time since March on vaccine optimism and as a weaker British pound supported the export-heavy index GBP/.
* UK CORPORATE DIARY:
Bellway Plc
BWY.L
Trading statement
Rolls-Royce Holdings Plc
RR.L
Trading statement
Anglo American Plc
AAL.L
Investor update
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS > Financial Times PRESS/FT > Other business headlines PRESS/GB
(Reporting by Priyanshi Mandhan in Bengaluru)
((Priyanshi.Mandhan@thomsonreuters.com; +91 9650985606;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dec 11 - Britain's FTSE 100 .FTSE index is seen opening 16 points lower at 6,584 on Friday, according to financial bookmakers. * SANOFI/GSK: An experimental COVID-19 vaccine of Sanofi SASY.PA and Britain's GlaxoSmithKline GSK.L showed an insufficient immune response in clinical trial results, the French drugmaker said, a blow to efforts to find ways to fight the pandemic. Investor update * For more on the factors affecting European stocks, please click on: LIVE/ TODAY'S UK PAPERS > Financial Times PRESS/FT > Other business headlines PRESS/GB (Reporting by Priyanshi Mandhan in Bengaluru) ((Priyanshi.Mandhan@thomsonreuters.com; +91 9650985606;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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* BANKS: British banks can resume paying some dividends and bonuses after the Bank of England said they appeared well capitalised and resilient to any further coronavirus crisis fall-out. * OIL: Oil rose, extending a sharp rally overnight that saw Brent rise above $50 for the first time since March, as coronavirus vaccination rollouts kept hopes alive that demand for crude would build up next year. * The UK blue-chip index .FTSE closed 0.5% higher on Thursday as oil prices jumped to $50 per barrel for the first time since March on vaccine optimism and as a weaker British pound supported the export-heavy index GBP/.
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* RETAIL: With prospects for a post-Brexit trade deal with the EU looking precarious, Britain's retail industry repeated a warning that shoppers faced higher food prices from next year if new tariffs were imposed in the absence of an agreement. * OIL: Oil rose, extending a sharp rally overnight that saw Brent rise above $50 for the first time since March, as coronavirus vaccination rollouts kept hopes alive that demand for crude would build up next year. * The UK blue-chip index .FTSE closed 0.5% higher on Thursday as oil prices jumped to $50 per barrel for the first time since March on vaccine optimism and as a weaker British pound supported the export-heavy index GBP/.
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Dec 11 - Britain's FTSE 100 .FTSE index is seen opening 16 points lower at 6,584 on Friday, according to financial bookmakers. * SANOFI/GSK: An experimental COVID-19 vaccine of Sanofi SASY.PA and Britain's GlaxoSmithKline GSK.L showed an insufficient immune response in clinical trial results, the French drugmaker said, a blow to efforts to find ways to fight the pandemic. * BANKS: British banks can resume paying some dividends and bonuses after the Bank of England said they appeared well capitalised and resilient to any further coronavirus crisis fall-out.
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6ec7e533-01c1-45dd-b0d3-933d332c361e
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4906.0
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2020-12-11 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Sonoma Pharma, Walt Disney, NantHealth, Sellas Life Sciences
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-sonoma-pharma-walt-disney-nanthealth-sellas-life-sciences
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes slipped on Friday, heading for weekly losses as doubts over more economic stimulus dented sentiment, while data showing improved consumer sentiment kept losses in check..N
At 10:56 am ET, the Dow Jones Industrial Average .DJI was down 0.28% at 29,914.44. The S&P 500 .SPX was down 0.43% at 3,652.43 and the Nasdaq Composite .IXIC was down 0.38% at 12,359.243. The top three S&P 500 .PG.INX percentage gainers: ** Walt Disney Co , up 12.3% ** Equifax Inc , up 2.9% ** United Parcel Service Inc , up 1.7% The top three S&P 500 .PL.INX percentage losers: ** Qualcomm Inc , down 6.6% ** ABIOMED Inc , down 4% ** American Airlines Group Inc , down 3.8% The top three NYSE .PG.N percentage gainers: ** TPG Pace Beneficial Finance Corp , up 111.1% ** 22nd Century Group Inc , up 17% ** Walt Disney Co , up 12.3% The top three NYSE .PL.N percentage losers: ** Seritage Growth Properties , down 12.8% ** inTEST Corp , down 10.5% ** Rayonier Advanced Materials Inc , down 9% The top three Nasdaq .PG.O percentage gainers: ** Sonoma Pharmaceuticals Inc , up 116.5% ** NantHealth Inc , up 115.7% ** vTv Therapeutics Inc , up 60% The top Nasdaq .PL.O percentage losers: ** Sellas Life Sciences Group Inc , down 32.7 % ** Nabriva Therapeutics plc , down 29.5 % ** Walt Disney Co DIS.N: up 12.3%
BUZZ-Surges on upbeat streaming subscribers target, ramps up Disney+ ** Tesla Inc TSLA.O: down 2.2%
BUZZ-Falls as Jefferies cuts rating to 'hold'
** Nabriva Therapeutics PLC NBRV.O: down 29.5%
BUZZ-Falls on pricing 6 mln share offering ** vTv Therapeutics Inc VTVT.O: up 60%
BUZZ-Doubles after top shareholder increases stake ** NeoGenomics Inc NEO.O: down 0.9%
BUZZ-BTIG initiates coverage with 'buy' ** Adobe Inc ADBE.O: down 0.8%
BUZZ-Street View: Adobe's market position to strengthen further ** Oracle Corp ORCL.N: up 1.3%
BUZZ-Street View: Investors wait to see sustainability in demand for Orcale Cloud ** Costco Wholesale Corp COST.O: up 0.4%
BUZZ-Street View: Costco can sustain strong e-commerce growth beyond the pandemic ** Sea Ltd SE.N: down 2.4%
BUZZ-Falls on $2.57 bln discounted share offering ** Qualcom QCOM.O: down 6.6%
BUZZ-Slides on report Apple developing its own cellular modem ** Forum Merger III Corp FIII.O: up 12.3%
BUZZ-Up on deal to take electric commercial vehicle maker public ** Fat Brands Inc FAT.O: up 33.4%
BUZZ-Jumps on merger deal with controlling stockholder Fog Cutter ** Option Care Health Inc OPCH.O: down 8.9%
BUZZ-Slumps as top holder cuts stake
** GigCapital3 Inc GIK.N: up 6.8%
BUZZ-Surges on $823 mln deal to take electric vehicle maker public
** Lexicon Pharmaceuticals Inc LXRX.O: up 3.4%
BUZZ-Jumps on FDA fast-track tag for diabetic nerve damage treatment
** Broadcom Inc AVGO.O: down 1.3%
BUZZ-Falls as co warns of weak enterprise demand despite upbeat outlook ** NAPCO Security Technologies Inc NSSC.O: down 14.5%
BUZZ-Plunges as CEO sells shares ** Sonoma Pharmaceuticals Inc SNOA.O: up 116.5%
BUZZ-Doubles in value on partnership for OTC products' sale
** AMC Entertainment Holdings Inc AMC.N: down 1.7%
BUZZ-AMC Entertainment says $750 mln funding needed to stay afloat, shares slip
** Pennsylvania Real Estate Investment Trust PEI.N: up 16.2%
BUZZ-Jumps on emerging from Chapter 11 bankruptcy ** Lordstown Motors Corp RIDE.O: up 9.2%
BUZZ-EV maker Lordstown Motors jumps as GS starts with 'buy'
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.58%
Consumer Discretionary
.SPLRCD
down 0.61%
Consumer Staples
.SPLRCS
up 0.05%
Energy
.SPNY
down 1.41%
Financial
.SPSY
down 1.33%
Health
.SPXHC
down 0.63%
Industrial
.SPLRCI
down 0.14%
Information Technology
.SPLRCT
down 0.82%
Materials
.SPLRCM
down 0.64%
Real Estate
.SPLRCR
down 0.82%
Utilities
.SPLRCU
down 0.06%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes slipped on Friday, heading for weekly losses as doubts over more economic stimulus dented sentiment, while data showing improved consumer sentiment kept losses in check..N At 10:56 am ET, the Dow Jones Industrial Average .DJI was down 0.28% at 29,914.44. The top three S&P 500 .PG.INX percentage gainers: ** Walt Disney Co , up 12.3% ** Equifax Inc , up 2.9% ** United Parcel Service Inc , up 1.7% The top three S&P 500 .PL.INX percentage losers: ** Qualcomm Inc , down 6.6% ** ABIOMED Inc , down 4% ** American Airlines Group Inc , down 3.8% The top three NYSE .PG.N percentage gainers: ** TPG Pace Beneficial Finance Corp , up 111.1% ** 22nd Century Group Inc , up 17% ** Walt Disney Co , up 12.3% The top three NYSE .PL.N percentage losers: ** Seritage Growth Properties , down 12.8% ** inTEST Corp , down 10.5% ** Rayonier Advanced Materials Inc , down 9% The top three Nasdaq .PG.O percentage gainers: ** Sonoma Pharmaceuticals Inc , up 116.5% ** NantHealth Inc , up 115.7% ** vTv Therapeutics Inc , up 60% The top Nasdaq .PL.O percentage losers: ** Sellas Life Sciences Group Inc , down 32.7 % ** Nabriva Therapeutics plc , down 29.5 % ** Walt Disney Co DIS.N: up 12.3% BUZZ-Surges on upbeat streaming subscribers target, ramps up Disney+ ** Tesla Inc TSLA.O: down 2.2% BUZZ-Falls as Jefferies cuts rating to 'hold' ** Nabriva Therapeutics PLC NBRV.O: down 29.5% BUZZ-Falls on pricing 6 mln share offering ** vTv Therapeutics Inc VTVT.O: up 60% BUZZ-Doubles after top shareholder increases stake ** NeoGenomics Inc NEO.O: down 0.9% BUZZ-BTIG initiates coverage with 'buy' ** Adobe Inc ADBE.O: down 0.8% BUZZ-Street View: Adobe's market position to strengthen further ** Oracle Corp ORCL.N: up 1.3% BUZZ-Street View: Investors wait to see sustainability in demand for Orcale Cloud ** Costco Wholesale Corp COST.O: up 0.4% BUZZ-Street View: Costco can sustain strong e-commerce growth beyond the pandemic ** Sea Ltd SE.N: down 2.4% BUZZ-Falls on $2.57 bln discounted share offering ** Qualcom QCOM.O: down 6.6% BUZZ-Slides on report Apple developing its own cellular modem ** Forum Merger III Corp FIII.O: up 12.3% BUZZ-Up on deal to take electric commercial vehicle maker public ** Fat Brands Inc FAT.O: up 33.4% BUZZ-Jumps on merger deal with controlling stockholder Fog Cutter ** Option Care Health Inc OPCH.O: down 8.9% BUZZ-Slumps as top holder cuts stake ** GigCapital3 Inc GIK.N: up 6.8% BUZZ-Surges on $823 mln deal to take electric vehicle maker public ** Lexicon Pharmaceuticals Inc LXRX.O: up 3.4% BUZZ-Jumps on FDA fast-track tag for diabetic nerve damage treatment ** Broadcom Inc AVGO.O: down 1.3% BUZZ-Falls as co warns of weak enterprise demand despite upbeat outlook ** NAPCO Security Technologies Inc NSSC.O: down 14.5% BUZZ-Plunges as CEO sells shares ** Sonoma Pharmaceuticals Inc SNOA.O: up 116.5% BUZZ-Doubles in value on partnership for OTC products' sale ** AMC Entertainment Holdings Inc AMC.N: down 1.7% BUZZ-AMC Entertainment says $750 mln funding needed to stay afloat, shares slip ** Pennsylvania Real Estate Investment Trust PEI.N: up 16.2% BUZZ-Jumps on emerging from Chapter 11 bankruptcy ** Lordstown Motors Corp RIDE.O: up 9.2% BUZZ-EV maker Lordstown Motors jumps as GS starts with 'buy' The 11 major S&P 500 sectors: Communication Services down 0.06% The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes slipped on Friday, heading for weekly losses as doubts over more economic stimulus dented sentiment, while data showing improved consumer sentiment kept losses in check..N At 10:56 am ET, the Dow Jones Industrial Average .DJI was down 0.28% at 29,914.44. The top three S&P 500 .PG.INX percentage gainers: ** Walt Disney Co , up 12.3% ** Equifax Inc , up 2.9% ** United Parcel Service Inc , up 1.7% The top three S&P 500 .PL.INX percentage losers: ** Qualcomm Inc , down 6.6% ** ABIOMED Inc , down 4% ** American Airlines Group Inc , down 3.8% The top three NYSE .PG.N percentage gainers: ** TPG Pace Beneficial Finance Corp , up 111.1% ** 22nd Century Group Inc , up 17% ** Walt Disney Co , up 12.3% The top three NYSE .PL.N percentage losers: ** Seritage Growth Properties , down 12.8% ** inTEST Corp , down 10.5% ** Rayonier Advanced Materials Inc , down 9% The top three Nasdaq .PG.O percentage gainers: ** Sonoma Pharmaceuticals Inc , up 116.5% ** NantHealth Inc , up 115.7% ** vTv Therapeutics Inc , up 60% The top Nasdaq .PL.O percentage losers: ** Sellas Life Sciences Group Inc , down 32.7 % ** Nabriva Therapeutics plc , down 29.5 % ** Walt Disney Co DIS.N: up 12.3% BUZZ-Surges on upbeat streaming subscribers target, ramps up Disney+ ** Tesla Inc TSLA.O: down 2.2% BUZZ-Falls as Jefferies cuts rating to 'hold' ** Nabriva Therapeutics PLC NBRV.O: down 29.5% BUZZ-Falls on pricing 6 mln share offering ** vTv Therapeutics Inc VTVT.O: up 60% BUZZ-Doubles after top shareholder increases stake ** NeoGenomics Inc NEO.O: down 0.9% BUZZ-BTIG initiates coverage with 'buy' ** Adobe Inc ADBE.O: down 0.8% BUZZ-Street View: Adobe's market position to strengthen further ** Oracle Corp ORCL.N: up 1.3% BUZZ-Street View: Investors wait to see sustainability in demand for Orcale Cloud ** Costco Wholesale Corp COST.O: up 0.4% BUZZ-Street View: Costco can sustain strong e-commerce growth beyond the pandemic ** Sea Ltd SE.N: down 2.4% BUZZ-Falls on $2.57 bln discounted share offering ** Qualcom QCOM.O: down 6.6% BUZZ-Slides on report Apple developing its own cellular modem ** Forum Merger III Corp FIII.O: up 12.3% BUZZ-Up on deal to take electric commercial vehicle maker public ** Fat Brands Inc FAT.O: up 33.4% BUZZ-Jumps on merger deal with controlling stockholder Fog Cutter ** Option Care Health Inc OPCH.O: down 8.9% BUZZ-Slumps as top holder cuts stake ** GigCapital3 Inc GIK.N: up 6.8% BUZZ-Surges on $823 mln deal to take electric vehicle maker public ** Lexicon Pharmaceuticals Inc LXRX.O: up 3.4% BUZZ-Jumps on FDA fast-track tag for diabetic nerve damage treatment ** Broadcom Inc AVGO.O: down 1.3% BUZZ-Falls as co warns of weak enterprise demand despite upbeat outlook ** NAPCO Security Technologies Inc NSSC.O: down 14.5% BUZZ-Plunges as CEO sells shares ** Sonoma Pharmaceuticals Inc SNOA.O: up 116.5% BUZZ-Doubles in value on partnership for OTC products' sale ** AMC Entertainment Holdings Inc AMC.N: down 1.7% BUZZ-AMC Entertainment says $750 mln funding needed to stay afloat, shares slip ** Pennsylvania Real Estate Investment Trust PEI.N: up 16.2% BUZZ-Jumps on emerging from Chapter 11 bankruptcy ** Lordstown Motors Corp RIDE.O: up 9.2% BUZZ-EV maker Lordstown Motors jumps as GS starts with 'buy' The 11 major S&P 500 sectors: Communication Services down 0.64% Real Estate
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes slipped on Friday, heading for weekly losses as doubts over more economic stimulus dented sentiment, while data showing improved consumer sentiment kept losses in check..N At 10:56 am ET, the Dow Jones Industrial Average .DJI was down 0.28% at 29,914.44. The top three S&P 500 .PG.INX percentage gainers: ** Walt Disney Co , up 12.3% ** Equifax Inc , up 2.9% ** United Parcel Service Inc , up 1.7% The top three S&P 500 .PL.INX percentage losers: ** Qualcomm Inc , down 6.6% ** ABIOMED Inc , down 4% ** American Airlines Group Inc , down 3.8% The top three NYSE .PG.N percentage gainers: ** TPG Pace Beneficial Finance Corp , up 111.1% ** 22nd Century Group Inc , up 17% ** Walt Disney Co , up 12.3% The top three NYSE .PL.N percentage losers: ** Seritage Growth Properties , down 12.8% ** inTEST Corp , down 10.5% ** Rayonier Advanced Materials Inc , down 9% The top three Nasdaq .PG.O percentage gainers: ** Sonoma Pharmaceuticals Inc , up 116.5% ** NantHealth Inc , up 115.7% ** vTv Therapeutics Inc , up 60% The top Nasdaq .PL.O percentage losers: ** Sellas Life Sciences Group Inc , down 32.7 % ** Nabriva Therapeutics plc , down 29.5 % ** Walt Disney Co DIS.N: up 12.3% BUZZ-Surges on upbeat streaming subscribers target, ramps up Disney+ ** Tesla Inc TSLA.O: down 2.2% BUZZ-Falls as Jefferies cuts rating to 'hold' ** Nabriva Therapeutics PLC NBRV.O: down 29.5% BUZZ-Falls on pricing 6 mln share offering ** vTv Therapeutics Inc VTVT.O: up 60% BUZZ-Doubles after top shareholder increases stake ** NeoGenomics Inc NEO.O: down 0.9% BUZZ-BTIG initiates coverage with 'buy' ** Adobe Inc ADBE.O: down 0.8% BUZZ-Street View: Adobe's market position to strengthen further ** Oracle Corp ORCL.N: up 1.3% BUZZ-Street View: Investors wait to see sustainability in demand for Orcale Cloud ** Costco Wholesale Corp COST.O: up 0.4% BUZZ-Street View: Costco can sustain strong e-commerce growth beyond the pandemic ** Sea Ltd SE.N: down 2.4% BUZZ-Falls on $2.57 bln discounted share offering ** Qualcom QCOM.O: down 6.6% BUZZ-Slides on report Apple developing its own cellular modem ** Forum Merger III Corp FIII.O: up 12.3% BUZZ-Up on deal to take electric commercial vehicle maker public ** Fat Brands Inc FAT.O: up 33.4% BUZZ-Jumps on merger deal with controlling stockholder Fog Cutter ** Option Care Health Inc OPCH.O: down 8.9% BUZZ-Slumps as top holder cuts stake ** GigCapital3 Inc GIK.N: up 6.8% BUZZ-Surges on $823 mln deal to take electric vehicle maker public ** Lexicon Pharmaceuticals Inc LXRX.O: up 3.4% BUZZ-Jumps on FDA fast-track tag for diabetic nerve damage treatment ** Broadcom Inc AVGO.O: down 1.3% BUZZ-Falls as co warns of weak enterprise demand despite upbeat outlook ** NAPCO Security Technologies Inc NSSC.O: down 14.5% BUZZ-Plunges as CEO sells shares ** Sonoma Pharmaceuticals Inc SNOA.O: up 116.5% BUZZ-Doubles in value on partnership for OTC products' sale ** AMC Entertainment Holdings Inc AMC.N: down 1.7% BUZZ-AMC Entertainment says $750 mln funding needed to stay afloat, shares slip ** Pennsylvania Real Estate Investment Trust PEI.N: up 16.2% BUZZ-Jumps on emerging from Chapter 11 bankruptcy ** Lordstown Motors Corp RIDE.O: up 9.2% BUZZ-EV maker Lordstown Motors jumps as GS starts with 'buy' The 11 major S&P 500 sectors: Communication Services up 0.05% Energy
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes slipped on Friday, heading for weekly losses as doubts over more economic stimulus dented sentiment, while data showing improved consumer sentiment kept losses in check..N At 10:56 am ET, the Dow Jones Industrial Average .DJI was down 0.28% at 29,914.44. The S&P 500 .SPX was down 0.43% at 3,652.43 and the Nasdaq Composite .IXIC was down 0.38% at 12,359.243. The top three S&P 500 .PG.INX percentage gainers: ** Walt Disney Co , up 12.3% ** Equifax Inc , up 2.9% ** United Parcel Service Inc , up 1.7% The top three S&P 500 .PL.INX percentage losers: ** Qualcomm Inc , down 6.6% ** ABIOMED Inc , down 4% ** American Airlines Group Inc , down 3.8% The top three NYSE .PG.N percentage gainers: ** TPG Pace Beneficial Finance Corp , up 111.1% ** 22nd Century Group Inc , up 17% ** Walt Disney Co , up 12.3% The top three NYSE .PL.N percentage losers: ** Seritage Growth Properties , down 12.8% ** inTEST Corp , down 10.5% ** Rayonier Advanced Materials Inc , down 9% The top three Nasdaq .PG.O percentage gainers: ** Sonoma Pharmaceuticals Inc , up 116.5% ** NantHealth Inc , up 115.7% ** vTv Therapeutics Inc , up 60% The top Nasdaq .PL.O percentage losers: ** Sellas Life Sciences Group Inc , down 32.7 % ** Nabriva Therapeutics plc , down 29.5 % ** Walt Disney Co DIS.N: up 12.3% BUZZ-Surges on upbeat streaming subscribers target, ramps up Disney+ ** Tesla Inc TSLA.O: down 2.2% BUZZ-Falls as Jefferies cuts rating to 'hold' ** Nabriva Therapeutics PLC NBRV.O: down 29.5% BUZZ-Falls on pricing 6 mln share offering ** vTv Therapeutics Inc VTVT.O: up 60% BUZZ-Doubles after top shareholder increases stake ** NeoGenomics Inc NEO.O: down 0.9% BUZZ-BTIG initiates coverage with 'buy' ** Adobe Inc ADBE.O: down 0.8% BUZZ-Street View: Adobe's market position to strengthen further ** Oracle Corp ORCL.N: up 1.3% BUZZ-Street View: Investors wait to see sustainability in demand for Orcale Cloud ** Costco Wholesale Corp COST.O: up 0.4% BUZZ-Street View: Costco can sustain strong e-commerce growth beyond the pandemic ** Sea Ltd SE.N: down 2.4% BUZZ-Falls on $2.57 bln discounted share offering ** Qualcom QCOM.O: down 6.6% BUZZ-Slides on report Apple developing its own cellular modem ** Forum Merger III Corp FIII.O: up 12.3% BUZZ-Up on deal to take electric commercial vehicle maker public ** Fat Brands Inc FAT.O: up 33.4% BUZZ-Jumps on merger deal with controlling stockholder Fog Cutter ** Option Care Health Inc OPCH.O: down 8.9% BUZZ-Slumps as top holder cuts stake ** GigCapital3 Inc GIK.N: up 6.8% BUZZ-Surges on $823 mln deal to take electric vehicle maker public ** Lexicon Pharmaceuticals Inc LXRX.O: up 3.4% BUZZ-Jumps on FDA fast-track tag for diabetic nerve damage treatment ** Broadcom Inc AVGO.O: down 1.3% BUZZ-Falls as co warns of weak enterprise demand despite upbeat outlook ** NAPCO Security Technologies Inc NSSC.O: down 14.5% BUZZ-Plunges as CEO sells shares ** Sonoma Pharmaceuticals Inc SNOA.O: up 116.5% BUZZ-Doubles in value on partnership for OTC products' sale ** AMC Entertainment Holdings Inc AMC.N: down 1.7% BUZZ-AMC Entertainment says $750 mln funding needed to stay afloat, shares slip ** Pennsylvania Real Estate Investment Trust PEI.N: up 16.2% BUZZ-Jumps on emerging from Chapter 11 bankruptcy ** Lordstown Motors Corp RIDE.O: up 9.2% BUZZ-EV maker Lordstown Motors jumps as GS starts with 'buy' The 11 major S&P 500 sectors: Communication Services
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cb29b24c-c6b9-4837-8563-523667c67c2a
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4907.0
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2020-12-11 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-AbCellera, Nanobiotix, Qualcomm, oil stocks
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-abcellera-nanobiotix-qualcomm-oil-stocks-2020-12-11
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes slipped on Friday and were set to register their worst week since late October, as doubts over fresh economic stimulus dented confidence, even as regulators inched toward emergency use approval of a COVID-19 vaccine. .N
At 12:44 ET, the Dow Jones Industrial Average .DJI was down 0.47% at 29,857.16. The S&P 500 .SPX was down 0.85% at 3,637.01 and the Nasdaq Composite .IXIC was down 1.15% at 12,263.671. The top three S&P 500 .PG.INX percentage gainers: ** Walt Disney Co DIS.N, up 12.8% ** United Parcel Service Inc UPS.N, up 1.7% ** Omnicom Group Inc OMC.N, up 1.6% The top three S&P 500 .PL.INX percentage losers: ** Qualcomm Inc QCOM.O, down 8.6% ** American Airlines Group Inc AAL.O, down 6.2% ** Cabot Oil & Gas Corp COG.N, down 5.8% The top NYSE .PG.N percentage gainers: ** TPG Pace Beneficial Finance Corp TPGY.N, up 99.1% ** 22nd Century Group Inc XXII.N, up 18.1% The top three NYSE .PL.N percentage losers: ** QuantumScape Corp QS.N, down 14.6% ** BP Prudhoe Bay Royalty Trust BPT.N, down 13.7% ** Seritage Growth Properties SRG.N, down 13.4% The top three Nasdaq .PG.O percentage gainers: ** AbCellera Biologics Inc ABCL.O, up 197.4% ** Sonoma Pharmaceuticals Inc SNOA.O, up 94.1% ** 4D Molecular Therapeutics Inc FDMT.O, up 81.7% The top three Nasdaq .PL.O percentage losers: ** Sellas Life Sciences Group Inc SLS.O, down 37.7% ** Immutep Ltd IMMP.O, down 34.7% ** Greenwich LifeSciences Inc GLSI.O, down 31.9% ** Walt Disney Co DIS.N: up 12.8%
BUZZ-Surges on upbeat streaming subscribers target, ramps up Disney+ ** Tesla Inc TSLA.O: down 4.1%
BUZZ-Falls as Jefferies cuts rating to 'hold' ** Las Vegas Sands Corp LVS.N: down 1.5% ** Caesars Entertainment Inc CZR.O: down 2.2% ** Wynn Resorts Ltd WYNN.O: down 2.7% ** Penn National Gaming Inc PENN.O: down 3.2% ** Monarch Casino & Resort Inc MCRI.O: down 2.8% ** MGM Resorts International MGM.N: down 3.6% ** Churchill Downs Inc CHDN.O: down 3.3% ** Boyd Gaming Corp BYD.N: down 2.8%
BUZZ-U.S. casinos: Jefferies prefers regional players, sees recovery lying ahead
** Nabriva Therapeutics PLC NBRV.O: down 29.6%
BUZZ-Falls on pricing 6 mln share offering ** vTv Therapeutics Inc VTVT.O: up 54.3%
BUZZ-Doubles after top shareholder increases stake ** NeoGenomics Inc NEO.O: down 1.0%
BUZZ-BTIG initiates coverage with 'buy' ** Adobe Inc ADBE.O: down 1.6%
BUZZ-Street View: Adobe's market position to strengthen further ** Oracle Corp ORCL.N: up 1.1%
BUZZ-Street View: Investors wait to see sustainability in demand for Oracle Cloud ** Niocan Inc NIO.N: down 8.6%
BUZZ-Slides as joins equity raise race ** Costco Wholesale Corp COST.O: up 0.3%
BUZZ-Street View: Costco can sustain strong e-commerce growth beyond the pandemic ** Sea Ltd SE.N: down 4.0%
BUZZ-Falls on $2.57 bln discounted share offering ** Protagonist Therapeutics Inc PTGX.O: down 0.8%
BUZZ-Falls on $100 mln discounted share offering ** Qualcomm Inc QCOM.O: down 8.6%
BUZZ-Slides on report Apple developing its own cellular modem ** Forum Merger III Corp FIII.O: up 9.6%
BUZZ-Up on deal to take electric commercial vehicle maker public ** Fat Brands Inc FAT.O: up 20.9%
BUZZ-Jumps on merger deal with controlling stockholder Fog Cutter ** Option Care Health Inc OPCH.O: down 8.6%
BUZZ-Slumps as top holder cuts stake
** GigCapital3 Inc GIK.N: up 1.2%
BUZZ-Surges on $823 mln deal to take electric vehicle maker public
** Broadcom Inc AVGO.O: down 2.1%
BUZZ-Falls as co warns of weak enterprise demand despite upbeat outlook ** NAPCO Security Technologies Inc NSSC.O: down 15.1%
BUZZ-Plunges as CEO sells shares ** Sonoma Pharmaceuticals Inc SNOA.O: up 94.1%
BUZZ-Doubles in value on partnership for OTC products' sale
** AMC Entertainment Holdings Inc AMC.N: down 4.5%
BUZZ-AMC Entertainment says $750 mln funding needed to stay afloat, shares slip
** Pennsylvania Real Estate Investment Trust PEI.N: up 14.1%
BUZZ-Jumps on emerging from Chapter 11 bankruptcy ** Lordstown Motors Corp RIDE.O: up 11.0%
BUZZ-Jumps as GS starts with 'buy' ** Collective Growth Corp CGRO.O: up 1.7%
BUZZ-Up on deal to take SoftBank-backed sensor maker public ** Lululemon Athletica Inc LULU.O: down 5.6%
BUZZ-Falls as CFO says Q4 online growth likely to moderate ** Sundial Growers Inc SNDL.O: up 4.9%
BUZZ-Gains on approval to move listing to Nasdaq Capital Market ** CoreLogic Inc CLGX.N: up 0.8%
BUZZ-Gains on raising forecast on strong housing market ** Ralph Lauren Corp RL.N: down 2.7%
BUZZ-Citi says Ralph Lauren 'very attractive turnaround story', upgrades to 'buy' ** PAVmed Inc PAVM.O: down 2.9%
BUZZ-Falls on $8.3 mln direct offering
** Vivos Therapeutics Inc VVOS.O: up 50.7%
BUZZ-Jumps in stock market debut
** Nanobiotix SA NBTX.O: up 25.3%
BUZZ-Jumps in U.S. stock market debut ** Kirkland Lake Gold Ltd KL.N: down 0.2%
BUZZ-Down on lower-than-expected 2021 gold output ** Dave & Buster's Entertainment Inc PLAY.O: down 4.5%
BUZZ-Falls as rising COVID-19 cases dent recovery ** Marathon Petroleum Corp MPC.N: down 3.3% ** Pioneer Natural Resources Co PXD.N: down 3.7% ** EOG Resources Inc EOG.N: down 3.2% ** HollyFrontier Corp HFC.N: down 3.9% ** TechnipFMC Plc FTI.N: down 4.4% ** Chevron Corp CVX.N: down 2.3% ** Schlumberger NV SLB.N: down 3.8% ** Phillips 66 PSX.N: down 2.9% ** PBF Energy Inc PBF.N: down 9.9%
BUZZ-Oil cos fall as Brexit doubts hit stock markets
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.24%
Consumer Discretionary
.SPLRCD
down 1.07%
Consumer Staples
.SPLRCS
up 0.03%
Energy
.SPNY
down 2.45%
Financial
.SPSY
down 1.65%
Health
.SPXHC
down 0.93%
Industrial
.SPLRCI
down 0.34%
Information Technology
.SPLRCT
down 1.19%
Materials
.SPLRCM
down 1.11%
Real Estate
.SPLRCR
down 0.90%
Utilities
.SPLRCU
down 0.30%
(Compiled by Trisha Roy and Amruta Khandekar in Bengaluru)
((Amruta.Khandekar@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Walt Disney Co DIS.N, up 12.8% ** United Parcel Service Inc UPS.N, up 1.7% ** Omnicom Group Inc OMC.N, up 1.6% The top three S&P 500 .PL.INX percentage losers: ** Qualcomm Inc QCOM.O, down 8.6% ** American Airlines Group Inc AAL.O, down 6.2% ** Cabot Oil & Gas Corp COG.N, down 5.8% The top NYSE .PG.N percentage gainers: ** TPG Pace Beneficial Finance Corp TPGY.N, up 99.1% ** 22nd Century Group Inc XXII.N, up 18.1% The top three NYSE .PL.N percentage losers: ** QuantumScape Corp QS.N, down 14.6% ** BP Prudhoe Bay Royalty Trust BPT.N, down 13.7% ** Seritage Growth Properties SRG.N, down 13.4% The top three Nasdaq .PG.O percentage gainers: ** AbCellera Biologics Inc ABCL.O, up 197.4% ** Sonoma Pharmaceuticals Inc SNOA.O, up 94.1% ** 4D Molecular Therapeutics Inc FDMT.O, up 81.7% The top three Nasdaq .PL.O percentage losers: ** Sellas Life Sciences Group Inc SLS.O, down 37.7% ** Immutep Ltd IMMP.O, down 34.7% ** Greenwich LifeSciences Inc GLSI.O, down 31.9% ** Walt Disney Co DIS.N: up 12.8% BUZZ-Surges on upbeat streaming subscribers target, ramps up Disney+ ** Tesla Inc TSLA.O: down 4.1% BUZZ-Falls as Jefferies cuts rating to 'hold' ** Las Vegas Sands Corp LVS.N: down 1.5% ** Caesars Entertainment Inc CZR.O: down 2.2% ** Wynn Resorts Ltd WYNN.O: down 2.7% ** Penn National Gaming Inc PENN.O: down 3.2% ** Monarch Casino & Resort Inc MCRI.O: down 2.8% ** MGM Resorts International MGM.N: down 3.6% ** Churchill Downs Inc CHDN.O: down 3.3% ** Boyd Gaming Corp BYD.N: down 2.8% BUZZ-U.S. casinos: Jefferies prefers regional players, sees recovery lying ahead ** Nabriva Therapeutics PLC NBRV.O: down 29.6% BUZZ-Falls on pricing 6 mln share offering ** vTv Therapeutics Inc VTVT.O: up 54.3% BUZZ-Doubles after top shareholder increases stake ** NeoGenomics Inc NEO.O: down 1.0% BUZZ-BTIG initiates coverage with 'buy' ** Adobe Inc ADBE.O: down 1.6% BUZZ-Street View: Adobe's market position to strengthen further ** Oracle Corp ORCL.N: up 1.1% BUZZ-Street View: Investors wait to see sustainability in demand for Oracle Cloud ** Niocan Inc NIO.N: down 8.6% BUZZ-Slides as joins equity raise race ** Costco Wholesale Corp COST.O: up 0.3% BUZZ-Street View: Costco can sustain strong e-commerce growth beyond the pandemic ** Sea Ltd SE.N: down 4.0% BUZZ-Falls on $2.57 bln discounted share offering ** Protagonist Therapeutics Inc PTGX.O: down 0.8% BUZZ-Falls on $100 mln discounted share offering ** Qualcomm Inc QCOM.O: down 8.6% BUZZ-Slides on report Apple developing its own cellular modem ** Forum Merger III Corp FIII.O: up 9.6% BUZZ-Up on deal to take electric commercial vehicle maker public ** Fat Brands Inc FAT.O: up 20.9% BUZZ-Jumps on merger deal with controlling stockholder Fog Cutter ** Option Care Health Inc OPCH.O: down 8.6% BUZZ-Slumps as top holder cuts stake ** GigCapital3 Inc GIK.N: up 1.2% BUZZ-Surges on $823 mln deal to take electric vehicle maker public ** Broadcom Inc AVGO.O: down 2.1% BUZZ-Falls as co warns of weak enterprise demand despite upbeat outlook ** NAPCO Security Technologies Inc NSSC.O: down 15.1% BUZZ-Plunges as CEO sells shares ** Sonoma Pharmaceuticals Inc SNOA.O: up 94.1% BUZZ-Doubles in value on partnership for OTC products' sale ** AMC Entertainment Holdings Inc AMC.N: down 4.5% BUZZ-AMC Entertainment says $750 mln funding needed to stay afloat, shares slip ** Pennsylvania Real Estate Investment Trust PEI.N: up 14.1% BUZZ-Jumps on emerging from Chapter 11 bankruptcy ** Lordstown Motors Corp RIDE.O: up 11.0% BUZZ-Jumps as GS starts with 'buy' ** Collective Growth Corp CGRO.O: up 1.7% BUZZ-Up on deal to take SoftBank-backed sensor maker public ** Lululemon Athletica Inc LULU.O: down 5.6% BUZZ-Falls as CFO says Q4 online growth likely to moderate ** Sundial Growers Inc SNDL.O: up 4.9% BUZZ-Gains on approval to move listing to Nasdaq Capital Market ** CoreLogic Inc CLGX.N: up 0.8% BUZZ-Gains on raising forecast on strong housing market ** Ralph Lauren Corp RL.N: down 2.7% BUZZ-Citi says Ralph Lauren 'very attractive turnaround story', upgrades to 'buy' ** PAVmed Inc PAVM.O: down 2.9% BUZZ-Falls on $8.3 mln direct offering ** Vivos Therapeutics Inc VVOS.O: up 50.7% BUZZ-Jumps in stock market debut ** Nanobiotix SA NBTX.O: up 25.3% BUZZ-Jumps in U.S. stock market debut ** Kirkland Lake Gold Ltd KL.N: down 0.2% BUZZ-Down on lower-than-expected 2021 gold output ** Dave & Buster's Entertainment Inc PLAY.O: down 4.5% BUZZ-Falls as rising COVID-19 cases dent recovery ** Marathon Petroleum Corp MPC.N: down 3.3% ** Pioneer Natural Resources Co PXD.N: down 3.7% ** EOG Resources Inc EOG.N: down 3.2% ** HollyFrontier Corp HFC.N: down 3.9% ** TechnipFMC Plc FTI.N: down 4.4% ** Chevron Corp CVX.N: down 2.3% ** Schlumberger NV SLB.N: down 3.8% ** Phillips 66 PSX.N: down 2.9% ** PBF Energy Inc PBF.N: down 9.9% BUZZ-Oil cos fall as Brexit doubts hit stock markets The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes slipped on Friday and were set to register their worst week since late October, as doubts over fresh economic stimulus dented confidence, even as regulators inched toward emergency use approval of a COVID-19 vaccine. down 0.30% (Compiled by Trisha Roy and Amruta Khandekar in Bengaluru) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The top three S&P 500 .PG.INX percentage gainers: ** Walt Disney Co DIS.N, up 12.8% ** United Parcel Service Inc UPS.N, up 1.7% ** Omnicom Group Inc OMC.N, up 1.6% The top three S&P 500 .PL.INX percentage losers: ** Qualcomm Inc QCOM.O, down 8.6% ** American Airlines Group Inc AAL.O, down 6.2% ** Cabot Oil & Gas Corp COG.N, down 5.8% The top NYSE .PG.N percentage gainers: ** TPG Pace Beneficial Finance Corp TPGY.N, up 99.1% ** 22nd Century Group Inc XXII.N, up 18.1% The top three NYSE .PL.N percentage losers: ** QuantumScape Corp QS.N, down 14.6% ** BP Prudhoe Bay Royalty Trust BPT.N, down 13.7% ** Seritage Growth Properties SRG.N, down 13.4% The top three Nasdaq .PG.O percentage gainers: ** AbCellera Biologics Inc ABCL.O, up 197.4% ** Sonoma Pharmaceuticals Inc SNOA.O, up 94.1% ** 4D Molecular Therapeutics Inc FDMT.O, up 81.7% The top three Nasdaq .PL.O percentage losers: ** Sellas Life Sciences Group Inc SLS.O, down 37.7% ** Immutep Ltd IMMP.O, down 34.7% ** Greenwich LifeSciences Inc GLSI.O, down 31.9% ** Walt Disney Co DIS.N: up 12.8% BUZZ-Surges on upbeat streaming subscribers target, ramps up Disney+ ** Tesla Inc TSLA.O: down 4.1% BUZZ-Falls as Jefferies cuts rating to 'hold' ** Las Vegas Sands Corp LVS.N: down 1.5% ** Caesars Entertainment Inc CZR.O: down 2.2% ** Wynn Resorts Ltd WYNN.O: down 2.7% ** Penn National Gaming Inc PENN.O: down 3.2% ** Monarch Casino & Resort Inc MCRI.O: down 2.8% ** MGM Resorts International MGM.N: down 3.6% ** Churchill Downs Inc CHDN.O: down 3.3% ** Boyd Gaming Corp BYD.N: down 2.8% BUZZ-U.S. casinos: Jefferies prefers regional players, sees recovery lying ahead ** Nabriva Therapeutics PLC NBRV.O: down 29.6% BUZZ-Falls on pricing 6 mln share offering ** vTv Therapeutics Inc VTVT.O: up 54.3% BUZZ-Doubles after top shareholder increases stake ** NeoGenomics Inc NEO.O: down 1.0% BUZZ-BTIG initiates coverage with 'buy' ** Adobe Inc ADBE.O: down 1.6% BUZZ-Street View: Adobe's market position to strengthen further ** Oracle Corp ORCL.N: up 1.1% BUZZ-Street View: Investors wait to see sustainability in demand for Oracle Cloud ** Niocan Inc NIO.N: down 8.6% BUZZ-Slides as joins equity raise race ** Costco Wholesale Corp COST.O: up 0.3% BUZZ-Street View: Costco can sustain strong e-commerce growth beyond the pandemic ** Sea Ltd SE.N: down 4.0% BUZZ-Falls on $2.57 bln discounted share offering ** Protagonist Therapeutics Inc PTGX.O: down 0.8% BUZZ-Falls on $100 mln discounted share offering ** Qualcomm Inc QCOM.O: down 8.6% BUZZ-Slides on report Apple developing its own cellular modem ** Forum Merger III Corp FIII.O: up 9.6% BUZZ-Up on deal to take electric commercial vehicle maker public ** Fat Brands Inc FAT.O: up 20.9% BUZZ-Jumps on merger deal with controlling stockholder Fog Cutter ** Option Care Health Inc OPCH.O: down 8.6% BUZZ-Slumps as top holder cuts stake ** GigCapital3 Inc GIK.N: up 1.2% BUZZ-Surges on $823 mln deal to take electric vehicle maker public ** Broadcom Inc AVGO.O: down 2.1% BUZZ-Falls as co warns of weak enterprise demand despite upbeat outlook ** NAPCO Security Technologies Inc NSSC.O: down 15.1% BUZZ-Plunges as CEO sells shares ** Sonoma Pharmaceuticals Inc SNOA.O: up 94.1% BUZZ-Doubles in value on partnership for OTC products' sale ** AMC Entertainment Holdings Inc AMC.N: down 4.5% BUZZ-AMC Entertainment says $750 mln funding needed to stay afloat, shares slip ** Pennsylvania Real Estate Investment Trust PEI.N: up 14.1% BUZZ-Jumps on emerging from Chapter 11 bankruptcy ** Lordstown Motors Corp RIDE.O: up 11.0% BUZZ-Jumps as GS starts with 'buy' ** Collective Growth Corp CGRO.O: up 1.7% BUZZ-Up on deal to take SoftBank-backed sensor maker public ** Lululemon Athletica Inc LULU.O: down 5.6% BUZZ-Falls as CFO says Q4 online growth likely to moderate ** Sundial Growers Inc SNDL.O: up 4.9% BUZZ-Gains on approval to move listing to Nasdaq Capital Market ** CoreLogic Inc CLGX.N: up 0.8% BUZZ-Gains on raising forecast on strong housing market ** Ralph Lauren Corp RL.N: down 2.7% BUZZ-Citi says Ralph Lauren 'very attractive turnaround story', upgrades to 'buy' ** PAVmed Inc PAVM.O: down 2.9% BUZZ-Falls on $8.3 mln direct offering ** Vivos Therapeutics Inc VVOS.O: up 50.7% BUZZ-Jumps in stock market debut ** Nanobiotix SA NBTX.O: up 25.3% BUZZ-Jumps in U.S. stock market debut ** Kirkland Lake Gold Ltd KL.N: down 0.2% BUZZ-Down on lower-than-expected 2021 gold output ** Dave & Buster's Entertainment Inc PLAY.O: down 4.5% BUZZ-Falls as rising COVID-19 cases dent recovery ** Marathon Petroleum Corp MPC.N: down 3.3% ** Pioneer Natural Resources Co PXD.N: down 3.7% ** EOG Resources Inc EOG.N: down 3.2% ** HollyFrontier Corp HFC.N: down 3.9% ** TechnipFMC Plc FTI.N: down 4.4% ** Chevron Corp CVX.N: down 2.3% ** Schlumberger NV SLB.N: down 3.8% ** Phillips 66 PSX.N: down 2.9% ** PBF Energy Inc PBF.N: down 9.9% BUZZ-Oil cos fall as Brexit doubts hit stock markets The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes slipped on Friday and were set to register their worst week since late October, as doubts over fresh economic stimulus dented confidence, even as regulators inched toward emergency use approval of a COVID-19 vaccine. down 1.11% Real Estate
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The top three S&P 500 .PG.INX percentage gainers: ** Walt Disney Co DIS.N, up 12.8% ** United Parcel Service Inc UPS.N, up 1.7% ** Omnicom Group Inc OMC.N, up 1.6% The top three S&P 500 .PL.INX percentage losers: ** Qualcomm Inc QCOM.O, down 8.6% ** American Airlines Group Inc AAL.O, down 6.2% ** Cabot Oil & Gas Corp COG.N, down 5.8% The top NYSE .PG.N percentage gainers: ** TPG Pace Beneficial Finance Corp TPGY.N, up 99.1% ** 22nd Century Group Inc XXII.N, up 18.1% The top three NYSE .PL.N percentage losers: ** QuantumScape Corp QS.N, down 14.6% ** BP Prudhoe Bay Royalty Trust BPT.N, down 13.7% ** Seritage Growth Properties SRG.N, down 13.4% The top three Nasdaq .PG.O percentage gainers: ** AbCellera Biologics Inc ABCL.O, up 197.4% ** Sonoma Pharmaceuticals Inc SNOA.O, up 94.1% ** 4D Molecular Therapeutics Inc FDMT.O, up 81.7% The top three Nasdaq .PL.O percentage losers: ** Sellas Life Sciences Group Inc SLS.O, down 37.7% ** Immutep Ltd IMMP.O, down 34.7% ** Greenwich LifeSciences Inc GLSI.O, down 31.9% ** Walt Disney Co DIS.N: up 12.8% BUZZ-Surges on upbeat streaming subscribers target, ramps up Disney+ ** Tesla Inc TSLA.O: down 4.1% BUZZ-Falls as Jefferies cuts rating to 'hold' ** Las Vegas Sands Corp LVS.N: down 1.5% ** Caesars Entertainment Inc CZR.O: down 2.2% ** Wynn Resorts Ltd WYNN.O: down 2.7% ** Penn National Gaming Inc PENN.O: down 3.2% ** Monarch Casino & Resort Inc MCRI.O: down 2.8% ** MGM Resorts International MGM.N: down 3.6% ** Churchill Downs Inc CHDN.O: down 3.3% ** Boyd Gaming Corp BYD.N: down 2.8% BUZZ-U.S. casinos: Jefferies prefers regional players, sees recovery lying ahead ** Nabriva Therapeutics PLC NBRV.O: down 29.6% BUZZ-Falls on pricing 6 mln share offering ** vTv Therapeutics Inc VTVT.O: up 54.3% BUZZ-Doubles after top shareholder increases stake ** NeoGenomics Inc NEO.O: down 1.0% BUZZ-BTIG initiates coverage with 'buy' ** Adobe Inc ADBE.O: down 1.6% BUZZ-Street View: Adobe's market position to strengthen further ** Oracle Corp ORCL.N: up 1.1% BUZZ-Street View: Investors wait to see sustainability in demand for Oracle Cloud ** Niocan Inc NIO.N: down 8.6% BUZZ-Slides as joins equity raise race ** Costco Wholesale Corp COST.O: up 0.3% BUZZ-Street View: Costco can sustain strong e-commerce growth beyond the pandemic ** Sea Ltd SE.N: down 4.0% BUZZ-Falls on $2.57 bln discounted share offering ** Protagonist Therapeutics Inc PTGX.O: down 0.8% BUZZ-Falls on $100 mln discounted share offering ** Qualcomm Inc QCOM.O: down 8.6% BUZZ-Slides on report Apple developing its own cellular modem ** Forum Merger III Corp FIII.O: up 9.6% BUZZ-Up on deal to take electric commercial vehicle maker public ** Fat Brands Inc FAT.O: up 20.9% BUZZ-Jumps on merger deal with controlling stockholder Fog Cutter ** Option Care Health Inc OPCH.O: down 8.6% BUZZ-Slumps as top holder cuts stake ** GigCapital3 Inc GIK.N: up 1.2% BUZZ-Surges on $823 mln deal to take electric vehicle maker public ** Broadcom Inc AVGO.O: down 2.1% BUZZ-Falls as co warns of weak enterprise demand despite upbeat outlook ** NAPCO Security Technologies Inc NSSC.O: down 15.1% BUZZ-Plunges as CEO sells shares ** Sonoma Pharmaceuticals Inc SNOA.O: up 94.1% BUZZ-Doubles in value on partnership for OTC products' sale ** AMC Entertainment Holdings Inc AMC.N: down 4.5% BUZZ-AMC Entertainment says $750 mln funding needed to stay afloat, shares slip ** Pennsylvania Real Estate Investment Trust PEI.N: up 14.1% BUZZ-Jumps on emerging from Chapter 11 bankruptcy ** Lordstown Motors Corp RIDE.O: up 11.0% BUZZ-Jumps as GS starts with 'buy' ** Collective Growth Corp CGRO.O: up 1.7% BUZZ-Up on deal to take SoftBank-backed sensor maker public ** Lululemon Athletica Inc LULU.O: down 5.6% BUZZ-Falls as CFO says Q4 online growth likely to moderate ** Sundial Growers Inc SNDL.O: up 4.9% BUZZ-Gains on approval to move listing to Nasdaq Capital Market ** CoreLogic Inc CLGX.N: up 0.8% BUZZ-Gains on raising forecast on strong housing market ** Ralph Lauren Corp RL.N: down 2.7% BUZZ-Citi says Ralph Lauren 'very attractive turnaround story', upgrades to 'buy' ** PAVmed Inc PAVM.O: down 2.9% BUZZ-Falls on $8.3 mln direct offering ** Vivos Therapeutics Inc VVOS.O: up 50.7% BUZZ-Jumps in stock market debut ** Nanobiotix SA NBTX.O: up 25.3% BUZZ-Jumps in U.S. stock market debut ** Kirkland Lake Gold Ltd KL.N: down 0.2% BUZZ-Down on lower-than-expected 2021 gold output ** Dave & Buster's Entertainment Inc PLAY.O: down 4.5% BUZZ-Falls as rising COVID-19 cases dent recovery ** Marathon Petroleum Corp MPC.N: down 3.3% ** Pioneer Natural Resources Co PXD.N: down 3.7% ** EOG Resources Inc EOG.N: down 3.2% ** HollyFrontier Corp HFC.N: down 3.9% ** TechnipFMC Plc FTI.N: down 4.4% ** Chevron Corp CVX.N: down 2.3% ** Schlumberger NV SLB.N: down 3.8% ** Phillips 66 PSX.N: down 2.9% ** PBF Energy Inc PBF.N: down 9.9% BUZZ-Oil cos fall as Brexit doubts hit stock markets The 11 major S&P 500 sectors: Communication Services .N At 12:44 ET, the Dow Jones Industrial Average .DJI was down 0.47% at 29,857.16. up 0.24% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** Walt Disney Co DIS.N, up 12.8% ** United Parcel Service Inc UPS.N, up 1.7% ** Omnicom Group Inc OMC.N, up 1.6% The top three S&P 500 .PL.INX percentage losers: ** Qualcomm Inc QCOM.O, down 8.6% ** American Airlines Group Inc AAL.O, down 6.2% ** Cabot Oil & Gas Corp COG.N, down 5.8% The top NYSE .PG.N percentage gainers: ** TPG Pace Beneficial Finance Corp TPGY.N, up 99.1% ** 22nd Century Group Inc XXII.N, up 18.1% The top three NYSE .PL.N percentage losers: ** QuantumScape Corp QS.N, down 14.6% ** BP Prudhoe Bay Royalty Trust BPT.N, down 13.7% ** Seritage Growth Properties SRG.N, down 13.4% The top three Nasdaq .PG.O percentage gainers: ** AbCellera Biologics Inc ABCL.O, up 197.4% ** Sonoma Pharmaceuticals Inc SNOA.O, up 94.1% ** 4D Molecular Therapeutics Inc FDMT.O, up 81.7% The top three Nasdaq .PL.O percentage losers: ** Sellas Life Sciences Group Inc SLS.O, down 37.7% ** Immutep Ltd IMMP.O, down 34.7% ** Greenwich LifeSciences Inc GLSI.O, down 31.9% ** Walt Disney Co DIS.N: up 12.8% BUZZ-Surges on upbeat streaming subscribers target, ramps up Disney+ ** Tesla Inc TSLA.O: down 4.1% BUZZ-Falls as Jefferies cuts rating to 'hold' ** Las Vegas Sands Corp LVS.N: down 1.5% ** Caesars Entertainment Inc CZR.O: down 2.2% ** Wynn Resorts Ltd WYNN.O: down 2.7% ** Penn National Gaming Inc PENN.O: down 3.2% ** Monarch Casino & Resort Inc MCRI.O: down 2.8% ** MGM Resorts International MGM.N: down 3.6% ** Churchill Downs Inc CHDN.O: down 3.3% ** Boyd Gaming Corp BYD.N: down 2.8% BUZZ-U.S. casinos: Jefferies prefers regional players, sees recovery lying ahead ** Nabriva Therapeutics PLC NBRV.O: down 29.6% BUZZ-Falls on pricing 6 mln share offering ** vTv Therapeutics Inc VTVT.O: up 54.3% BUZZ-Doubles after top shareholder increases stake ** NeoGenomics Inc NEO.O: down 1.0% BUZZ-BTIG initiates coverage with 'buy' ** Adobe Inc ADBE.O: down 1.6% BUZZ-Street View: Adobe's market position to strengthen further ** Oracle Corp ORCL.N: up 1.1% BUZZ-Street View: Investors wait to see sustainability in demand for Oracle Cloud ** Niocan Inc NIO.N: down 8.6% BUZZ-Slides as joins equity raise race ** Costco Wholesale Corp COST.O: up 0.3% BUZZ-Street View: Costco can sustain strong e-commerce growth beyond the pandemic ** Sea Ltd SE.N: down 4.0% BUZZ-Falls on $2.57 bln discounted share offering ** Protagonist Therapeutics Inc PTGX.O: down 0.8% BUZZ-Falls on $100 mln discounted share offering ** Qualcomm Inc QCOM.O: down 8.6% BUZZ-Slides on report Apple developing its own cellular modem ** Forum Merger III Corp FIII.O: up 9.6% BUZZ-Up on deal to take electric commercial vehicle maker public ** Fat Brands Inc FAT.O: up 20.9% BUZZ-Jumps on merger deal with controlling stockholder Fog Cutter ** Option Care Health Inc OPCH.O: down 8.6% BUZZ-Slumps as top holder cuts stake ** GigCapital3 Inc GIK.N: up 1.2% BUZZ-Surges on $823 mln deal to take electric vehicle maker public ** Broadcom Inc AVGO.O: down 2.1% BUZZ-Falls as co warns of weak enterprise demand despite upbeat outlook ** NAPCO Security Technologies Inc NSSC.O: down 15.1% BUZZ-Plunges as CEO sells shares ** Sonoma Pharmaceuticals Inc SNOA.O: up 94.1% BUZZ-Doubles in value on partnership for OTC products' sale ** AMC Entertainment Holdings Inc AMC.N: down 4.5% BUZZ-AMC Entertainment says $750 mln funding needed to stay afloat, shares slip ** Pennsylvania Real Estate Investment Trust PEI.N: up 14.1% BUZZ-Jumps on emerging from Chapter 11 bankruptcy ** Lordstown Motors Corp RIDE.O: up 11.0% BUZZ-Jumps as GS starts with 'buy' ** Collective Growth Corp CGRO.O: up 1.7% BUZZ-Up on deal to take SoftBank-backed sensor maker public ** Lululemon Athletica Inc LULU.O: down 5.6% BUZZ-Falls as CFO says Q4 online growth likely to moderate ** Sundial Growers Inc SNDL.O: up 4.9% BUZZ-Gains on approval to move listing to Nasdaq Capital Market ** CoreLogic Inc CLGX.N: up 0.8% BUZZ-Gains on raising forecast on strong housing market ** Ralph Lauren Corp RL.N: down 2.7% BUZZ-Citi says Ralph Lauren 'very attractive turnaround story', upgrades to 'buy' ** PAVmed Inc PAVM.O: down 2.9% BUZZ-Falls on $8.3 mln direct offering ** Vivos Therapeutics Inc VVOS.O: up 50.7% BUZZ-Jumps in stock market debut ** Nanobiotix SA NBTX.O: up 25.3% BUZZ-Jumps in U.S. stock market debut ** Kirkland Lake Gold Ltd KL.N: down 0.2% BUZZ-Down on lower-than-expected 2021 gold output ** Dave & Buster's Entertainment Inc PLAY.O: down 4.5% BUZZ-Falls as rising COVID-19 cases dent recovery ** Marathon Petroleum Corp MPC.N: down 3.3% ** Pioneer Natural Resources Co PXD.N: down 3.7% ** EOG Resources Inc EOG.N: down 3.2% ** HollyFrontier Corp HFC.N: down 3.9% ** TechnipFMC Plc FTI.N: down 4.4% ** Chevron Corp CVX.N: down 2.3% ** Schlumberger NV SLB.N: down 3.8% ** Phillips 66 PSX.N: down 2.9% ** PBF Energy Inc PBF.N: down 9.9% BUZZ-Oil cos fall as Brexit doubts hit stock markets The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes slipped on Friday and were set to register their worst week since late October, as doubts over fresh economic stimulus dented confidence, even as regulators inched toward emergency use approval of a COVID-19 vaccine. .N At 12:44 ET, the Dow Jones Industrial Average .DJI was down 0.47% at 29,857.16.
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4908.0
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2020-12-10 00:00:00 UTC
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Thursday's ETF with Unusual Volume: SPYX
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AAL
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https://www.nasdaq.com/articles/thursdays-etf-with-unusual-volume%3A-spyx-2020-12-10
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nan
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nan
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Thursday, with over 284,000 shares traded versus three month average volume of about 43,000. Shares of SPYX were down about 0.2% on the day.
Components of that ETF with the highest volume on Thursday were General Electric, trading off about 0.4% with over 65.9 million shares changing hands so far this session, and American Airlines Group, up about 2.9% on volume of over 57.1 million shares. Twitter is the component faring the best Thursday, higher by about 6.5% on the day, while Centurylink is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.2%.
VIDEO: Thursday's ETF with Unusual Volume: SPYX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Thursday, with over 284,000 shares traded versus three month average volume of about 43,000. Components of that ETF with the highest volume on Thursday were General Electric, trading off about 0.4% with over 65.9 million shares changing hands so far this session, and American Airlines Group, up about 2.9% on volume of over 57.1 million shares. Twitter is the component faring the best Thursday, higher by about 6.5% on the day, while Centurylink is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.2%.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Thursday, with over 284,000 shares traded versus three month average volume of about 43,000. Twitter is the component faring the best Thursday, higher by about 6.5% on the day, while Centurylink is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.2%. VIDEO: Thursday's ETF with Unusual Volume: SPYX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Thursday, with over 284,000 shares traded versus three month average volume of about 43,000. Components of that ETF with the highest volume on Thursday were General Electric, trading off about 0.4% with over 65.9 million shares changing hands so far this session, and American Airlines Group, up about 2.9% on volume of over 57.1 million shares. Twitter is the component faring the best Thursday, higher by about 6.5% on the day, while Centurylink is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.2%.
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Components of that ETF with the highest volume on Thursday were General Electric, trading off about 0.4% with over 65.9 million shares changing hands so far this session, and American Airlines Group, up about 2.9% on volume of over 57.1 million shares. Twitter is the component faring the best Thursday, higher by about 6.5% on the day, while Centurylink is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.2%. VIDEO: Thursday's ETF with Unusual Volume: SPYX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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36ead1a8-69dd-40b0-91e5-3e2ca6533dec
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4909.0
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2020-12-10 00:00:00 UTC
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Why Delta Can Continue to Fly Higher in 2021
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AAL
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https://www.nasdaq.com/articles/why-delta-can-continue-to-fly-higher-in-2021-2020-12-10
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Delta (NYSE:DAL) has been performing quite well lately. That may surprise some investors, given the fact that we’re seeing a record number of novel coronavirus cases, both domestically and internationally. So, why is DAL stock performing so well?
DAL) airlines plane mid take-off" width="300" height="169">
Source: Markus Mainka / Shutterstock.com
It’s doing well simply because the stock market is a forward-looking mechanism. The market anticipates the economy returning to a more-normal state in 2021. Plus, the introduction of a Covid-19 vaccine should make things even better, allowing restaurants to open to larger capacities and for society to resume traveling.
Those two industries have been some of the hardest hit this year. Many businesses are in unrecoverable states due to the pandemic. And while some of the larger, public companies in this space have struggled, at least they will survive. The small- and medium-sized operations — the mom-and-pop shops of the world — will be lucky if they can say the same.
But since the second quarter lockdowns were lifted, the economy has come back stronger than many had anticipated. This has been a positive for DAL stock and its peers. Even amid the turmoil, it was one of the best-performing airline stocks.
7 Cyclical Stocks That Likely Won't Rise Again
The hope is that the economy can continue to tread higher until a vaccine becomes widely available. Then, it’s off to the races. That’s why Delta and so many others have been trading so well lately.
Breaking Down DAL Stock and the Airline Industry
Click to Enlarge
Of the five major airlines, DAL stock has been the second-best performing stock. That’s when measured on its year-to-date (YTD) and one-year performances. In those spans, shares are currently down 27.4% and 23.9%, respectively.
For comparison, the leader in those areas, Southwest Airlines (NYSE:LUV) is down nearly 14% and 16.3%, respectively. So, DAL does trail by a bit. However, its performance is still better than American Airlines (NASDAQ:AAL), for instance, which is down 38.5% YTD and 35.8% over the past 12 months.
I realize those are a lot of performance numbers, but let’s not get bogged down by them. Instead, we can simply use these numbers to illustrate the qualities that Delta brings to the table.
When looking at the chart above, it’s also clear that airline traffic has picked up lately. The Transportation Security Administration (TSA) has even logged more than 1 million travelers on four different days in the last few weeks. That number hasn’t been reached since mid-October, which was the first time since March that more than 1 million travelers were screened in a single day.
On one hand, this traffic increase is helping drive airline stocks higher. If travelers have been willing to travel now, think about what it will be like six, nine or 12 months from now as a Covid-19 vaccine becomes more prevalent.
But on the flip side, some data now suggests that bookings are experiencing weakness as the virus gains momentum again. Until the vaccine is readily available, there may be hesitation among consumers. That doesn’t seem to be bothering DAL stock, though.
Bottom Line on Delta
Click to Enlarge
Source: Chart courtesy of StockCharts.com
I think there is a reason Delta is one of the best-performing airlines this year. What’s the secret? The company’s financials. Simply put, the airline has one of the strongest balance sheets — only lagging behind Southwest on that front.
That leads me to believe that it’s Delta’s financials doing the heavy lifting for the stock.
However, the recent slowdown in bookings is having a negative impact on daily cash burn. Delta expects to end the fourth quarter burning $12 million to $14 million per day. Even at the lower end of that range, it’s still about $1 billion for the quarter.
Yet, that is much better than the $27 million a day it was burning in June and even the $18 million a day it was burning in September. Further, management continues to target break-even operations by the spring. Really, that is just a few months from now — virtually no time at all in the grand scheme of things.
So, what do we do with DAL stock at this point? There will be dips in airline traffic as consumers react to new Covid-19 data. But with vaccines on the way, “normal” doesn’t seem all that far off — there is light at the end of the tunnel.
Buy the dips in DAL stock.
On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.
The post Why Delta Can Continue to Fly Higher in 2021 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, its performance is still better than American Airlines (NASDAQ:AAL), for instance, which is down 38.5% YTD and 35.8% over the past 12 months. DAL) airlines plane mid take-off" width="300" height="169"> Source: Markus Mainka / Shutterstock.com It’s doing well simply because the stock market is a forward-looking mechanism. Plus, the introduction of a Covid-19 vaccine should make things even better, allowing restaurants to open to larger capacities and for society to resume traveling.
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However, its performance is still better than American Airlines (NASDAQ:AAL), for instance, which is down 38.5% YTD and 35.8% over the past 12 months. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Delta (NYSE:DAL) has been performing quite well lately. Click to Enlarge Source: Chart courtesy of StockCharts.com I think there is a reason Delta is one of the best-performing airlines this year.
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However, its performance is still better than American Airlines (NASDAQ:AAL), for instance, which is down 38.5% YTD and 35.8% over the past 12 months. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Delta (NYSE:DAL) has been performing quite well lately. Breaking Down DAL Stock and the Airline Industry
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However, its performance is still better than American Airlines (NASDAQ:AAL), for instance, which is down 38.5% YTD and 35.8% over the past 12 months. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Delta (NYSE:DAL) has been performing quite well lately. So, why is DAL stock performing so well?
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4910.0
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2020-12-10 00:00:00 UTC
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ANALYSIS-Options investors swarm U.S. value stocks on hopes of economic reopening
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AAL
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https://www.nasdaq.com/articles/analysis-options-investors-swarm-u.s.-value-stocks-on-hopes-of-economic-reopening-2020-12
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By April Joyner
NEW YORK, Dec 10 (Reuters) - Retail investors are stepping up their options buying, pouring money into airlines, small caps and other potential beneficiaries of a COVID-19 vaccine even as U.S. stocks hover near record highs.
Volume on call options, which are typically used to position for gains in stocks, is at its highest since early September, according to Deutsche Bank. Much of the activity has come in the form of small-lot purchases on individual stocks, a hallmark of retail investor activity, analysts said.
The brisk trading by individual investors reflects a broader trend that has seen market participants shift money from growth stocks into the shares of companies that may reap the greatest benefits from economic reopening expected to accompany the roll-out of a COVID-19 vaccine, including travel companies and smaller firms.
The Russell 2000 .RUT, a benchmark for small-cap stocks, is up 16% since Nov. 9, when Pfizer Inc PFE.N announced positive news from its COVID-19 vaccine study. For the same period, the Dow Jones Industrial Average .DJI has gained about 6%, while the tech-heavy Nasdaq Composite .IXIC is up about 4%.
"There has been a broadening out of retail interest beyond high-growth tech names," said Parag Thatte, a strategist at Deutsche Bank.
Options-buying retail investors piled into technology stocks such as Apple Inc AAPL.O and Salesforce.com Inc CRM.N earlier this year alongside big institutional players. This time around, shares of companies such as Carnival Corp CCL.N, American Airlines Group Inc AAL.O, Boeing Co BA.N and United Airlines Holdings Inc UAL.O are also seeing heavy call buying.
Demand for call options on small-caps has also surged, according to data from options analytics provider ORATS. Among the components of the small-cap Russell 2000 .RUT, call skew - a measure of demand for calls relative to puts, which are typically used to protect against stock declines - has climbed to the highest level in at least 13 years.
Much of the activity has been concentrated in single-stock options, which are more likely to be used by retail investors, rather than index options, which are primarily used by institutional investors. By contrast, call volume in index options has stayed relatively flat over the past few weeks, Thatte said.
Other evidence points to individual investors contributing heavily to the jump in call volume. The share of small-lot call purchases, in trades of 10 or fewer contracts each, relative to total call volume has also climbed and is at its highest level since early September, according to Christopher Jacobson, co-head of derivatives strategy at Susquehanna Financial Group.
Small trades of fewer than 10 contracts are often attributed to retail investors, who may not be able to afford larger purchases.
Massive call buying is often viewed as a sign of investor exuberance, which can be a precursor to market declines.
The last flurry of call buying in August and early September preceded a sharp, tech-led drop in U.S. stocks. But broader factors, such as expected vaccine rollouts and ebbing worries over the U.S. presidential election, may provide more solid grounding for such bullishness this time around, said Deutsche's Thatte.
"There's no indication that we're about to roll over in sentiment," he said.
(Reporting by April Joyner; Additional reporting by Saqib Iqbal Ahmed; Editing by Ira Iosebashvili and Dan Grebler)
((April.Joyner@thomsonreuters.com; +1 646 223 7480; Reuters Messaging: april.joyner.thomsonreuters.com@reuters.net; Twitter: @aprjoy))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This time around, shares of companies such as Carnival Corp CCL.N, American Airlines Group Inc AAL.O, Boeing Co BA.N and United Airlines Holdings Inc UAL.O are also seeing heavy call buying. By April Joyner NEW YORK, Dec 10 (Reuters) - Retail investors are stepping up their options buying, pouring money into airlines, small caps and other potential beneficiaries of a COVID-19 vaccine even as U.S. stocks hover near record highs. Options-buying retail investors piled into technology stocks such as Apple Inc AAPL.O and Salesforce.com Inc CRM.N earlier this year alongside big institutional players.
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This time around, shares of companies such as Carnival Corp CCL.N, American Airlines Group Inc AAL.O, Boeing Co BA.N and United Airlines Holdings Inc UAL.O are also seeing heavy call buying. Volume on call options, which are typically used to position for gains in stocks, is at its highest since early September, according to Deutsche Bank. Much of the activity has come in the form of small-lot purchases on individual stocks, a hallmark of retail investor activity, analysts said.
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This time around, shares of companies such as Carnival Corp CCL.N, American Airlines Group Inc AAL.O, Boeing Co BA.N and United Airlines Holdings Inc UAL.O are also seeing heavy call buying. By April Joyner NEW YORK, Dec 10 (Reuters) - Retail investors are stepping up their options buying, pouring money into airlines, small caps and other potential beneficiaries of a COVID-19 vaccine even as U.S. stocks hover near record highs. Volume on call options, which are typically used to position for gains in stocks, is at its highest since early September, according to Deutsche Bank.
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This time around, shares of companies such as Carnival Corp CCL.N, American Airlines Group Inc AAL.O, Boeing Co BA.N and United Airlines Holdings Inc UAL.O are also seeing heavy call buying. Volume on call options, which are typically used to position for gains in stocks, is at its highest since early September, according to Deutsche Bank. Much of the activity has been concentrated in single-stock options, which are more likely to be used by retail investors, rather than index options, which are primarily used by institutional investors.
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420643f0-60d4-4be1-99b9-dad82853157f
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4911.0
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2020-12-10 00:00:00 UTC
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Pre-Market Most Active for Dec 10, 2020 : IMMP, TSLA, AAL, NIO, SQQQ, KODK, CHL, PFE, FSR, DKS, AZN, AAPL
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-10-2020-%3A-immp-tsla-aal-nio-sqqq-kodk-chl-pfe-fsr-dks-azn
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The NASDAQ 100 Pre-Market Indicator is down -72.87 to 12,291.77. The total Pre-Market volume is currently 53,633,461 shares traded.
The following are the most active stocks for the pre-market session:
Immutep Limited (IMMP) is +3.37 at $5.53, with 18,825,220 shares traded. IMMP's current last sale is 276.5% of the target price of $2.
Tesla, Inc. (TSLA) is -27.48 at $577.00, with 2,156,698 shares traded. TSLA's current last sale is 127.51% of the target price of $452.5.
American Airlines Group, Inc. (AAL) is -0.09 at $17.07, with 2,090,516 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $-3.95. AAL's current last sale is 170.7% of the target price of $10.
NIO Inc. (NIO) is -0.85 at $43.16, with 1,485,677 shares traded. NIO's current last sale is 130.79% of the target price of $33.
ProShares UltraPro Short QQQ (SQQQ) is +0.17 at $17.46, with 1,218,529 shares traded. This represents a 8.11% increase from its 52 Week Low.
Eastman Kodak Company (KODK) is +0.56 at $10.22, with 1,010,114 shares traded.
China Mobile (Hong Kong) Ltd. (CHL) is -0.02 at $28.97, with 943,228 shares traded., following a 52-week high recorded in prior regular session.
Pfizer, Inc. (PFE) is +0.28 at $42.13, with 881,470 shares traded. PFE's current last sale is 100.31% of the target price of $42.
Fisker Inc. (FSR) is -1.83 at $15.00, with 851,208 shares traded. As reported by Zacks, the current mean recommendation for FSR is in the "strong buy range".
Dick's Sporting Goods Inc (DKS) is +0.3125 at $54.45, with 846,700 shares traded. Over the last four weeks they have had 8 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2021. The consensus EPS forecast is $2.18. DKS's current last sale is 85.08% of the target price of $64.
Astrazeneca PLC (AZN) is +0.09 at $54.13, with 758,274 shares traded. As reported by Zacks, the current mean recommendation for AZN is in the "buy range".
Apple Inc. (AAPL) is -0.7587 at $121.02, with 754,982 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is -0.09 at $17.07, with 2,090,516 shares traded. AAL's current last sale is 170.7% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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American Airlines Group, Inc. (AAL) is -0.09 at $17.07, with 2,090,516 shares traded. AAL's current last sale is 170.7% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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American Airlines Group, Inc. (AAL) is -0.09 at $17.07, with 2,090,516 shares traded. AAL's current last sale is 170.7% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020.
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AAL's current last sale is 170.7% of the target price of $10. American Airlines Group, Inc. (AAL) is -0.09 at $17.07, with 2,090,516 shares traded. IMMP's current last sale is 276.5% of the target price of $2.
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bfa622aa-d06b-4bb4-8c87-1acfa00716f9
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4912.0
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2020-12-10 00:00:00 UTC
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3 Hard-Hit Companies Doing Brilliant Things in Their Darkest Hour
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AAL
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https://www.nasdaq.com/articles/3-hard-hit-companies-doing-brilliant-things-in-their-darkest-hour-2020-12-10
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This has been a bad year for investors in AMC Entertainment (NYSE: AMC), American Airlines (NASDAQ: AAL), and Carnival (NYSE: CCL). Folks just aren't going to movie theaters or booking flights these days, and they don't really have a choice when it comes to cruising.
The market was celebrating all-time highs earlier this week, but the same can't be said about AMC, American Airlines, and Carnival. Those stocks were down 46%, 40%, and 55%, respectively, this year through Wednesday's close. It's been a rough 2020, but let's identify some smart moves that each of these three out-of-favor companies is doing at a time when many investors are writing them off.
Image source: Getty Images.
AMC Entertainment
It's not easy being a multiplex operator these days. Folks are still hesitant to spend a couple of hours in an indoor movie theater with popcorn-chomping strangers, and movie studios have responded by pulling major releases. AMC's biggest rival, Regal Cinema, closed down two months ago, looking to reopen when the coast is clear for its rusting digital projectors next year.
AMC did the right thing by staying open. If it would've joined Regal in shutting down, the industry would've been toast. The multiplex wasn't going to come back from a second and prolonged shutdown, and even if the chains did reopen, we would be back to where are now, with studios once again pushing out upcoming releases even deeper into the future. AMC is taking one for the team right now, but it's essential for survival.
Staying open isn't the brilliant thing that AMC is doing, even if it is the right call to keep the industry from permanently caving in to the streaming revolution. The neat thing that AMC is doing is offering private rentals. For as little as $99 for older films and as much as $349 for new releases, someone can rent an entire screen and invite as many as 20 guests.
Some will argue that a theater would lose money renting an entire screen for $99, but they probably haven't been to the movies lately. I've now gone to my local AMC four times, and just once was there enough people to possibly top $99 in ticket sales. More importantly, filling a theater with family and friends makes it safer. Folks will be more likely to buy snacks and other concessions. More importantly, it could rekindle the love of cinema for a lot of people that wouldn't think of going to a movie theater in a pandemic.
Image source: American Airlines Group.
American Airlines
Operating an airline isn't easy, even if American Airlines and its peers have never had a prolonged shutdown the way movie theaters and cruise line operators have endured. But this is still a scary industry. Corporate and leisure travel have taken big hits, and there's no telling when passengers will return. American Airlines revealed last week that its cash burn rate is coming in at the high end of its earlier forecast.
American Airlines isn't usually the smartest player in the room. It's certainly not a passenger or investor favorite among airline stocks. However, it did make headlines earlier this week by introducing a $129 at-home COVID-19 test kit for passengers that they could take as a way to avoid quarantine restrictions in states that still have them in place for arriving travelers.
This may not sound so brilliant, and you're right. American Airlines makes the cut here for an even niftier under-the-radar move. This month it prompted members of its frequent flyer program to check the app for a holiday gift. Guests are being rewarded with bonus miles, 500-mile upgrades for elite status members, and day passes for its Admirals Club airport lounges. Getting folks to re-engage with an app is smart, and this clever promo comes with a clock in some cases. The Admirals Club one-day pass has to be used by February, and there's an incentive to earn even more by booking more flights through the first two months of 2021.
Image source: Carnival Corporation.
Carnival
The world's largest cruise line isn't sailing again with most of its fleet until well into 2021 at this point. Carnival and its smaller rivals have taken advantage of brief stock rallies to print more shares and boosting liquidity, but that's not the reason Carnival is being identified as a bad stock doing a good thing in these very challenging times.
Earlier this year Carnival announced that it was disposing 18 of its more inefficient ships. The move would cost it 12% of its revenue but just 3% of its operating profit. Another way Carnival is making sure it hits the ground sailing next year is making the most of its itinerary cancellations. Three of the ships with nixed cruises through the next six to nine months are going in for the dry dock maintenance and refurbishment that ships go through every few years. Consumer demand may be an issue when cruise lines finally start sailing again, but making sure its ships are in -- pardon the pun -- shipshape when the time comes will be one less thing to worry about.
AMC Entertainment, American Airlines, and Carnival aren't always brilliant companies. They have all been dealt a crummy hand in 2020. It won't be easy to bounce back for all three, but you have to like how they're making smart moves to given them the best chance to succeed in the future.
10 stocks we like better than Carnival
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Carnival wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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Rick Munarriz has no position in any of the stocks mentioned. The Motley Fool recommends Carnival. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This has been a bad year for investors in AMC Entertainment (NYSE: AMC), American Airlines (NASDAQ: AAL), and Carnival (NYSE: CCL). AMC's biggest rival, Regal Cinema, closed down two months ago, looking to reopen when the coast is clear for its rusting digital projectors next year. However, it did make headlines earlier this week by introducing a $129 at-home COVID-19 test kit for passengers that they could take as a way to avoid quarantine restrictions in states that still have them in place for arriving travelers.
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This has been a bad year for investors in AMC Entertainment (NYSE: AMC), American Airlines (NASDAQ: AAL), and Carnival (NYSE: CCL). American Airlines Operating an airline isn't easy, even if American Airlines and its peers have never had a prolonged shutdown the way movie theaters and cruise line operators have endured. AMC Entertainment, American Airlines, and Carnival aren't always brilliant companies.
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This has been a bad year for investors in AMC Entertainment (NYSE: AMC), American Airlines (NASDAQ: AAL), and Carnival (NYSE: CCL). American Airlines Operating an airline isn't easy, even if American Airlines and its peers have never had a prolonged shutdown the way movie theaters and cruise line operators have endured. AMC Entertainment, American Airlines, and Carnival aren't always brilliant companies.
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This has been a bad year for investors in AMC Entertainment (NYSE: AMC), American Airlines (NASDAQ: AAL), and Carnival (NYSE: CCL). Staying open isn't the brilliant thing that AMC is doing, even if it is the right call to keep the industry from permanently caving in to the streaming revolution. American Airlines Operating an airline isn't easy, even if American Airlines and its peers have never had a prolonged shutdown the way movie theaters and cruise line operators have endured.
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4913.0
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2020-12-09 00:00:00 UTC
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United Airlines Will Fly Friendlier Skies as the Economy Recovers
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AAL
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https://www.nasdaq.com/articles/united-airlines-will-fly-friendlier-skies-as-the-economy-recovers-2020-12-09
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
United Airlines (NASDAQ:UAL) seems poised to move significantly higher. That is the view of at least one analyst on Wall Street from Raymond James. He came out with a report indicating that United Airlines stock is worth at least $60 per share. That represents a potential gain of over 21% from today’s price of $49.24, as of Dec. 4.
Source: NextNewMedia / Shutterstock.com
The analyst, Savanthi Syth, believes the industry will obtain a “tailwind” in early 2021 with stimulus programs and vaccine relief from Covid-19. In addition, pent-up demand will likely kick in by the summer travel season in 2021.
But his sole recommendation to buy United Airlines stock was due to its recent agreement with its pilots’ union. That deal put the airline in a better position than its peers.
7 Tech Stocks To Buy For A Very Happy Holiday Season
Moreover, the analyst said that United was not permanently reducing its airplane fleet like other airlines. That will give it a tactical advantage as others will need more time to wind up their schedules and capacity again.
Valuation Estimates For the Airline
But don’t just take this one analyst’s word for it. For example, according to Seeking Alpha, Wall Street believes the airline will finally become profitable again in 2022. For example, the average estimate is for $4.83 per share for the that year.
Therefore, United Airlines stock is now trading for just 10.2x forward earnings estimates. In other words, the market is looking forward to at least two full years to price the stock.
This is a very healthy valuation and indicated that the stock is still very cheap on a long-term basis. For example, the estimates for 2022 for American Airlines (NASDAQ:AAL) are only 13 cents per share. That puts AAL stock at $16.4o on Dec. 4, at 126x 2022 earnings. American Airlines will likely not get back to normal profits for at least three years instead of two like United Airlines.
In other words, United Airlines is clearly the airline stock with a higher quality of earnings than its peers. In fact, that is what it told analysts last quarter. Management told investors they believed their airline would turn cash-flow positive before other airlines.
However, don’t expect a much higher multiple for United Airlines stock. For example, over the last five years, its average price-earnings ratio has been right around 9. That is according to data put out by Morningstar in its analysis section on United Airlines stock.
Therefore, the next move up in the stock will likely be due to higher growth forecasts in underlying earnings power. Even if the earnings multiple rises above 9x , it will likely not stay there too long.
What’s Next With United Airlines Stock
As I wrote last month, United Airlines believes it will have enough liquidity to get through Q4. Moreover, its statement that it will be the first to be cash positive is likely based on its own internal projections for the first half of 2021.
Of course, talk is cheap. United Airlines’ management did not say when this would happen. In fact, during the conference call, they projected that cash burn during Q4 would stay negative.
I suspect that once it becomes apparent that the worst is over for the Covid-19 pandemic, more analyst recommendations will come out that are positive. But don’t wait for those reports to propel the stock higher. Investors will catch on much quicker than Wall Street.
Here is one way to simply judge the potential earnings power at United Airlines. At its peak, the company made over $7.6 billion in one year (2015), or $11.39 per share. Let’s s it takes between three and four years for the company to get to 80% of that or $9.11 per share.
Discounting that to the present over three years at 10% per annum leads to a 75.1% discount factor. In other words, in present value terms, EPS is worth $6.84 per share. At 9x earnings United Airlines stock is worth $61.56 per share. That is close to the Raymond James estimate of $60.
Expect the stock to move up to 25% higher over the next year or so.
On the date of publication, Mark R. Hake holds a long position in American Airlines stock (AAL).
Mark Hake runs the Total Yield Value Guide which you can review here.
The post United Airlines Will Fly Friendlier Skies as the Economy Recovers appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For example, the estimates for 2022 for American Airlines (NASDAQ:AAL) are only 13 cents per share. That puts AAL stock at $16.4o on Dec. 4, at 126x 2022 earnings. On the date of publication, Mark R. Hake holds a long position in American Airlines stock (AAL).
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On the date of publication, Mark R. Hake holds a long position in American Airlines stock (AAL). For example, the estimates for 2022 for American Airlines (NASDAQ:AAL) are only 13 cents per share. That puts AAL stock at $16.4o on Dec. 4, at 126x 2022 earnings.
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For example, the estimates for 2022 for American Airlines (NASDAQ:AAL) are only 13 cents per share. That puts AAL stock at $16.4o on Dec. 4, at 126x 2022 earnings. On the date of publication, Mark R. Hake holds a long position in American Airlines stock (AAL).
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For example, the estimates for 2022 for American Airlines (NASDAQ:AAL) are only 13 cents per share. That puts AAL stock at $16.4o on Dec. 4, at 126x 2022 earnings. On the date of publication, Mark R. Hake holds a long position in American Airlines stock (AAL).
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27ac436a-cb60-4207-94fa-d67fe3850873
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4914.0
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2020-12-09 00:00:00 UTC
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American Airlines Extends Preflight Covid-19 Testing To Domestic Travel
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AAL
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https://www.nasdaq.com/articles/american-airlines-extends-preflight-covid-19-testing-to-domestic-travel-2020-12-09
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nan
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nan
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(RTTNews) - American Airlines is extending its pre-flight COVID-19 testing program to domestic travel.
American Airlines is offering at-home COVID-19 tests to domestic fliers in order to help them meet various state travel restriction requirements, the company announced in a statement. The airline is partnering with direct-to-consumer home testing company LetsGetChecked, which will sell the tests for $129 on top of the cost of travel.
"We've made great strides to help open international travel with our testing partners, and we recognize the need for similar domestic travel solutions," said Alison Taylor, Chief Customer Officer for American Airlines. "As travel requirements continue to quickly evolve, we're simplifying the research and COVID-19 testing fulfillment process for an overall more seamless travel experience."
Starting December 9, American Airlines customers traveling to any U.S. city, state or territory that has COVID-19 travel restrictions will have access to at-home testing through LetsGetChecked for travel on or after December 12.
Before the announcement, American offered testing as an option only for customers traveling to a small number of international destinations and Hawaii.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - American Airlines is extending its pre-flight COVID-19 testing program to domestic travel. American Airlines is offering at-home COVID-19 tests to domestic fliers in order to help them meet various state travel restriction requirements, the company announced in a statement. Before the announcement, American offered testing as an option only for customers traveling to a small number of international destinations and Hawaii.
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American Airlines is offering at-home COVID-19 tests to domestic fliers in order to help them meet various state travel restriction requirements, the company announced in a statement. Starting December 9, American Airlines customers traveling to any U.S. city, state or territory that has COVID-19 travel restrictions will have access to at-home testing through LetsGetChecked for travel on or after December 12. Before the announcement, American offered testing as an option only for customers traveling to a small number of international destinations and Hawaii.
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American Airlines is offering at-home COVID-19 tests to domestic fliers in order to help them meet various state travel restriction requirements, the company announced in a statement. "We've made great strides to help open international travel with our testing partners, and we recognize the need for similar domestic travel solutions," said Alison Taylor, Chief Customer Officer for American Airlines. Starting December 9, American Airlines customers traveling to any U.S. city, state or territory that has COVID-19 travel restrictions will have access to at-home testing through LetsGetChecked for travel on or after December 12.
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(RTTNews) - American Airlines is extending its pre-flight COVID-19 testing program to domestic travel. American Airlines is offering at-home COVID-19 tests to domestic fliers in order to help them meet various state travel restriction requirements, the company announced in a statement. The airline is partnering with direct-to-consumer home testing company LetsGetChecked, which will sell the tests for $129 on top of the cost of travel.
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889fb266-bc79-41cb-95c8-398fe4e5b5dd
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4915.0
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2020-12-09 00:00:00 UTC
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Boeing's 737 MAX is quietly flying again in Brazil with little fanfare
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AAL
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https://www.nasdaq.com/articles/boeings-737-max-is-quietly-flying-again-in-brazil-with-little-fanfare-2020-12-09
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nan
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nan
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By Marcelo Rochabrun
SAO PAULO, Dec 9 (Reuters) - Boeing Co's 737 MAX plane on Wednesday quietly restarted commercial flights in Brazil, the first country in the world to do so, 20 months after the aircraft was grounded worldwide by regulators following two deadly crashes that killed hundreds.
The flights are being operated by Gol Linhas Aereas Inteligentes GOLL4.SA, Brazil's largest airlines and one of Boeing's BA.N biggest customers.
The first flight took place between the Brazilian cities of Sao Paulo and Porto Alegre, according to data from FlightRadar24.
On Wednesday, the flights restarted with little fanfare. Gol declined to provide advanced information on the routes and flights on which it would use the MAX and also did not post an announcement on its homepage to inform clients that the MAX Is flying again.
A Gol spokesman declined to comment on how the inaugural flight went.
The flights are a key milestone for Boeing as well, which had been trying to get the planes back in service much earlier, missing its initial target of late 2019. The MAX is its latest version of its bestselling 737 family of narrow-body jets.
Boeing also declined to comment on Gol's inaugural flight.
The aircraft was greenlit in late November by Brazil's civil aviation regulator ANAC in November, following a similar decision by the U.S. Federal Aviation Administration.
American Airlines AAL.O is expected to be the next operator to restart flights with the MAX on Dec. 29.
(Reporting by Marcelo Rochabrun Editing by Peter Graff and Aurora Ellis)
((marcelo.rochabrun@thomsonreuters.com; +55 11 5644 7768;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines AAL.O is expected to be the next operator to restart flights with the MAX on Dec. 29. By Marcelo Rochabrun SAO PAULO, Dec 9 (Reuters) - Boeing Co's 737 MAX plane on Wednesday quietly restarted commercial flights in Brazil, the first country in the world to do so, 20 months after the aircraft was grounded worldwide by regulators following two deadly crashes that killed hundreds. The flights are being operated by Gol Linhas Aereas Inteligentes GOLL4.SA, Brazil's largest airlines and one of Boeing's BA.N biggest customers.
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American Airlines AAL.O is expected to be the next operator to restart flights with the MAX on Dec. 29. By Marcelo Rochabrun SAO PAULO, Dec 9 (Reuters) - Boeing Co's 737 MAX plane on Wednesday quietly restarted commercial flights in Brazil, the first country in the world to do so, 20 months after the aircraft was grounded worldwide by regulators following two deadly crashes that killed hundreds. Boeing also declined to comment on Gol's inaugural flight.
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American Airlines AAL.O is expected to be the next operator to restart flights with the MAX on Dec. 29. By Marcelo Rochabrun SAO PAULO, Dec 9 (Reuters) - Boeing Co's 737 MAX plane on Wednesday quietly restarted commercial flights in Brazil, the first country in the world to do so, 20 months after the aircraft was grounded worldwide by regulators following two deadly crashes that killed hundreds. The flights are being operated by Gol Linhas Aereas Inteligentes GOLL4.SA, Brazil's largest airlines and one of Boeing's BA.N biggest customers.
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American Airlines AAL.O is expected to be the next operator to restart flights with the MAX on Dec. 29. By Marcelo Rochabrun SAO PAULO, Dec 9 (Reuters) - Boeing Co's 737 MAX plane on Wednesday quietly restarted commercial flights in Brazil, the first country in the world to do so, 20 months after the aircraft was grounded worldwide by regulators following two deadly crashes that killed hundreds. On Wednesday, the flights restarted with little fanfare.
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b9b51385-e226-4310-b795-6988a423e2ac
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4916.0
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2020-12-09 00:00:00 UTC
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Looking For Best Stocks To Buy This Holiday Season? 2 Making Big Moves This Week
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AAL
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https://www.nasdaq.com/articles/looking-for-best-stocks-to-buy-this-holiday-season-2-making-big-moves-this-week-2020-12-09
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nan
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nan
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Are These The Best Stocks To Buy In The Stock Market Today?
This year, the stock market has surprised many investors by being able to rebound so quickly. It’s easy to forget that the market has recovered all its losses during the coronavirus pandemic. The S&P 500 and Nasdaq at all-time highs, partly thanks to blue-chip stocks like Amazon (AMZN Stock Report) and Apple (AAPL Stock Report) which led the rally. Considering the speed of the recovery, any slight disappointment in economic data or lingering effects of the pandemic on the economic rebound could weigh on the stock market.
In 2021, the fate of the broader economy and the stock market will likely revolve around the pace and effectiveness of vaccine rollouts for COVID-19. The recent volatility in the stock market today was fueled by the surging COVID-19 infections across the globe. In addition, throughout November, there were around 10.7 million people unemployed in the U.S. The figure suggests that the labor market recovery has not been as speedy as many hoped.
Investors seem to be in a defensive mode when there are so many uncertainties in the market, and that’s understandable. However, if you believe in the potential and the value of stocks with strong fundamentals, you wouldn’t mind paying a dollar more or less today. With all that in mind, do you have a list of the best stocks to buy during this uncertain time?
Read More
Are These The Top Telecom Stocks To Watch Right Now?
Looking For Battery Stocks To Tap On Long Term EV Boom? 3 Names To Watch
Best Stocks To Buy [Or Sell] Now: Fastly
Fastly (FSLY Stock Report) soared nearly 15% on Tuesday. This came after there were rumors of potential interest from Cisco Systems (CSCO Stock Report) to acquire the edge computing specialist. Before this, Fastly’s stock had been in a bit of a downward spiral since announcing preliminary Q3 2020 results. No doubt, the shares of the edge-cloud computing company have been on a tear prior to that. With the massive surge in web traffic during the pandemic coupled with the popularity of TikTok, you can’t blame the disappointment among investors when the company announced that it had lost TikTok as a customer. With a high-flying stock like Fastly, investors’ expectations were through the roof.
Despite the shares had rebounded to the $100 mark during yesterday’s intraday trading, it is still not enough to soothe the battered egos of those who bought FSLY before it released preliminary earnings two months back. But that’s a part of life, isn’t it? Sometimes you take chances that eventually play out in your favor. And sometimes they don’t.
Of course, buying stocks on merger rumors are risky. Admittedly, if Cisco does make an offer, it would likely be significantly above Fastly’s current stock price. On the flip side, if a deal doesn’t happen, you could expect a decline in the stock price in the same magnitude as yesterday’s jump. But however you want to look at it, there is no denying that this edge computing company is sitting in an industry with a long growth runway ahead. Considering that, would you be adding FSLY stock to your watchlist?
Best Stocks To Buy [Or Sell] Now: Stitch Fix
Online apparel retailer Stitch Fix (SFIX Stock Report) has continued to gobble up market share at the expense of rivals. The company’s stock price closed nearly 40% higher on Tuesday. This came after the company reported quarterly revenue of $490.4 million, ahead of analysts’ estimate of $481.2 million. Also, the company’s client base grew 10.2% year over year. You could argue that there’s no online clothing company today that holds more promise than Stitch Fix. The company’s focus on recommendation algorithms is a unique strength, with some calling it the Netflix (NFLX Stock Report) of clothing. Its offering is essential to those who struggle on deciding what to purchase.
“In a time period where many traditional brick and mortar retailers are still experiencing double-digit year over year revenue decreases in their most recent quarter, we delivered an increase of over 240,000 net active clients quarter over quarter, a return to double-digit, year-over-year active client growth, which we expect will increase further this fiscal year,” – Katrina Lake, CEO of Stitch Flix
Stitch Fix is benefiting from a “generally improving” U.S. apparel spending backdrop, according to Morgan Stanley analyst Lauren Schenk. Building on the momentum, the company said it expects revenue to grow by 20% to 25% in fiscal 2021, amounting to $2.05 billion to $2.14 billion, topping Street estimates for $2.01 billion. Having outperformed on earnings and full-year guidance, is SFIX stock a buy right now?
[Read More] Are These The Best Cloud Stocks To Buy Now? 1 Up More Than 360% YTD
Best Stocks To Buy [Or Sell] Now: American Airlines
Last, on the list, American Airlines (AAL Stock Report) is probably the most volatile stock to buy on this list. The company’s stock price has jumped more than 57% since early November, handily outperforming its industry rivals. This week, the stock continued to be on the uptrend. That was despite the absence of any specific news. It is arguably the best cheap stocks to buy since many investors still judge stocks by their nominal share prices. Just this month alone, AAL stock has gone up by over 20%. That’s not too shabby by any standard.
The company reported its third-quarter earnings in October where the losses were narrower than analysts have estimated. The company reported revenues of $3.2 billion, a 73% drop year-over-year. American Airlines also reported a 59% decrease in total available seat miles. Besides, it saw a net loss of $2.4 billion for the third quarter.
Now, you could say that AAL stock is now safer to own as the positive vaccine developments reduce the risk of bankruptcy. While the recent gains are signaling some confidence among investors, investors should still tread carefully with this one. That’s because it’s debt levels are what concerns investors the most. Which makes it a more risky play compared to rivals with healthier balance sheets. But the question here is, do greater risks translate to greater reward in this case? Of course, you may be banking on a quick distribution of vaccines and the reopening of flight routes. If that is the case, would you be betting on AAL stock to continue its recent momentum?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1 Up More Than 360% YTD Best Stocks To Buy [Or Sell] Now: American Airlines Last, on the list, American Airlines (AAL Stock Report) is probably the most volatile stock to buy on this list. Just this month alone, AAL stock has gone up by over 20%. Now, you could say that AAL stock is now safer to own as the positive vaccine developments reduce the risk of bankruptcy.
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1 Up More Than 360% YTD Best Stocks To Buy [Or Sell] Now: American Airlines Last, on the list, American Airlines (AAL Stock Report) is probably the most volatile stock to buy on this list. Just this month alone, AAL stock has gone up by over 20%. Now, you could say that AAL stock is now safer to own as the positive vaccine developments reduce the risk of bankruptcy.
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1 Up More Than 360% YTD Best Stocks To Buy [Or Sell] Now: American Airlines Last, on the list, American Airlines (AAL Stock Report) is probably the most volatile stock to buy on this list. Just this month alone, AAL stock has gone up by over 20%. Now, you could say that AAL stock is now safer to own as the positive vaccine developments reduce the risk of bankruptcy.
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1 Up More Than 360% YTD Best Stocks To Buy [Or Sell] Now: American Airlines Last, on the list, American Airlines (AAL Stock Report) is probably the most volatile stock to buy on this list. Just this month alone, AAL stock has gone up by over 20%. Now, you could say that AAL stock is now safer to own as the positive vaccine developments reduce the risk of bankruptcy.
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c8ca8b0e-3aba-44fe-a48e-90e36d7adf98
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4917.0
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2020-12-09 00:00:00 UTC
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Brazil's Gol is first airline to restart flights of Boeing 737 MAX
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AAL
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https://www.nasdaq.com/articles/brazils-gol-is-first-airline-to-restart-flights-of-boeing-737-max-2020-12-09
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nan
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nan
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SAO PAULO, Dec 9 (Reuters) - Brazil's Gol became the world's first airline on Wednesday to fly the Boeing 737 MAX commercially since the planes were grounded 20 months ago following two deadly crashes that killed hundreds of people.
Wednesday's first flight was between the Brazilian cities of Sao Paulo and Porto Alegre, according to data from FlightRadar24, a website that tracks plane routes. The Gol Linhas Aereas Inteligentes GOLL4.SA plane was due to return to Sao Paulo later in the day.
Brazil's civil aviation regulator ANAC lifted its no-fly order on the MAX in late November, following a similar decision by the U.S. Federal Aviation Administration.
The flights are a key milestone for Boeing, which had been trying to get the plane back in service much earlier, blowing through its initial target of late 2019.
American Airlines AAL.O is expected to be the next operator to restart flights with the MAX, on Dec. 29.
Gol, which has ordered more than 100 MAX planes from Boeing, had no immediate comment.
(Reporting by Marcelo Rochabrun Editing by Peter Graff)
((marcelo.rochabrun@thomsonreuters.com; +55 11 5644 7768;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines AAL.O is expected to be the next operator to restart flights with the MAX, on Dec. 29. SAO PAULO, Dec 9 (Reuters) - Brazil's Gol became the world's first airline on Wednesday to fly the Boeing 737 MAX commercially since the planes were grounded 20 months ago following two deadly crashes that killed hundreds of people. Wednesday's first flight was between the Brazilian cities of Sao Paulo and Porto Alegre, according to data from FlightRadar24, a website that tracks plane routes.
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American Airlines AAL.O is expected to be the next operator to restart flights with the MAX, on Dec. 29. SAO PAULO, Dec 9 (Reuters) - Brazil's Gol became the world's first airline on Wednesday to fly the Boeing 737 MAX commercially since the planes were grounded 20 months ago following two deadly crashes that killed hundreds of people. Wednesday's first flight was between the Brazilian cities of Sao Paulo and Porto Alegre, according to data from FlightRadar24, a website that tracks plane routes.
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American Airlines AAL.O is expected to be the next operator to restart flights with the MAX, on Dec. 29. SAO PAULO, Dec 9 (Reuters) - Brazil's Gol became the world's first airline on Wednesday to fly the Boeing 737 MAX commercially since the planes were grounded 20 months ago following two deadly crashes that killed hundreds of people. Wednesday's first flight was between the Brazilian cities of Sao Paulo and Porto Alegre, according to data from FlightRadar24, a website that tracks plane routes.
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American Airlines AAL.O is expected to be the next operator to restart flights with the MAX, on Dec. 29. Wednesday's first flight was between the Brazilian cities of Sao Paulo and Porto Alegre, according to data from FlightRadar24, a website that tracks plane routes. The Gol Linhas Aereas Inteligentes GOLL4.SA plane was due to return to Sao Paulo later in the day.
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bf247e2d-07d3-4589-ab75-950c59dd42d8
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4918.0
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2020-12-09 00:00:00 UTC
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Why American Airlines Stock Popped 5% This Morning
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-stock-popped-5-this-morning-2020-12-09
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nan
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nan
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What happened
Shares of American Airlines Group (NASDAQ: AAL) took flight this morning, rising 5.7% in apparent response to a Securities and Exchange Commission filing on Tuesday in which it disclosed that publicly traded investment manager BlackRock (NYSE: BLK) now holds a 4.8% stake in the company.
If that is the reason investors are buying American Airlines stock today, figuring BlackRock knows something that the rest of us do not, then they may be making a big mistake.
Image source: American Airlines.
So what
Digging into the company's filings on the SEC's website, it turns out that yesterday's report is not the first mention of BlackRock's ownership stake in American. In fact, the most recent filing prior to this one, from April 2020, showed that BlackRock owned a 5.5% stake in the airline.
And prior to that, BlackRock's stake was 5.3%, in February.
Now what
Viewed in context of these previous reports, therefore, it appears that what is happening here is not what investors think is happening -- i.e., BlackRock taking a new position in American, indicating optimism about the stock and perhaps about the prospects for airline stocks in general. Rather, it appears that BlackRock, having held a sizable stake in American Airlines all through the pandemic, is now beginning to pull out of the stock.
If what you are aiming to do today, therefore, is to imitate the smart money, then what you really might want to do is sell shares of American Airlines. And in fact, with the share price gains now pared to 2.5% as of 10:45 a.m. EST, this might be just what investors are doing.
10 stocks we like better than American Airlines Group
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of American Airlines Group (NASDAQ: AAL) took flight this morning, rising 5.7% in apparent response to a Securities and Exchange Commission filing on Tuesday in which it disclosed that publicly traded investment manager BlackRock (NYSE: BLK) now holds a 4.8% stake in the company. If that is the reason investors are buying American Airlines stock today, figuring BlackRock knows something that the rest of us do not, then they may be making a big mistake. So what Digging into the company's filings on the SEC's website, it turns out that yesterday's report is not the first mention of BlackRock's ownership stake in American.
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What happened Shares of American Airlines Group (NASDAQ: AAL) took flight this morning, rising 5.7% in apparent response to a Securities and Exchange Commission filing on Tuesday in which it disclosed that publicly traded investment manager BlackRock (NYSE: BLK) now holds a 4.8% stake in the company. If that is the reason investors are buying American Airlines stock today, figuring BlackRock knows something that the rest of us do not, then they may be making a big mistake. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
|
What happened Shares of American Airlines Group (NASDAQ: AAL) took flight this morning, rising 5.7% in apparent response to a Securities and Exchange Commission filing on Tuesday in which it disclosed that publicly traded investment manager BlackRock (NYSE: BLK) now holds a 4.8% stake in the company. Now what Viewed in context of these previous reports, therefore, it appears that what is happening here is not what investors think is happening -- i.e., BlackRock taking a new position in American, indicating optimism about the stock and perhaps about the prospects for airline stocks in general. 10 stocks we like better than American Airlines Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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What happened Shares of American Airlines Group (NASDAQ: AAL) took flight this morning, rising 5.7% in apparent response to a Securities and Exchange Commission filing on Tuesday in which it disclosed that publicly traded investment manager BlackRock (NYSE: BLK) now holds a 4.8% stake in the company. If that is the reason investors are buying American Airlines stock today, figuring BlackRock knows something that the rest of us do not, then they may be making a big mistake. In fact, the most recent filing prior to this one, from April 2020, showed that BlackRock owned a 5.5% stake in the airline.
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41dbeba8-193f-47b6-bf7d-9a193f6f84ea
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4919.0
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2020-12-09 00:00:00 UTC
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US STOCKS-S&P 500, Dow hit all-time highs on stimulus, vaccine hopes
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-500-dow-hit-all-time-highs-on-stimulus-vaccine-hopes-2020-12-09
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nan
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nan
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By Shriya Ramakrishnan
Dec 9 (Reuters) - The S&P 500 and the Dow scaled record highs on Wednesday as hopes of a working COVID-19 vaccine and fresh economic stimulus before the end of the year lifted demand for economically sensitive energy and financial shares.
Seven of the 11 major S&P indexes were higher, with energy .SPNY leading gains as crude prices climbed on hopes of a recovery in fuel demand. Oil majors Exxon Mobil Corp XOM.N and Chevron Corp CVX.N gained 1% in early trading.
Investors are banking on a long-awaited relief package to mitigate the economic damage from the COVID-19 pandemic that has led to millions of layoffs and overwhelmed the healthcare system.
Democratic Senator Joe Manchin said he expected Democrats and Republicans to work out most of the key details of the new aid package on Wednesday.
"The market remains very optimistic that some sort of a stimulus deal would be cut before the end of the year, and that would indicate the economy may not falter or wind up in a double-dip recession," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Positive updates on COVID-19 vaccine development have also recently lifted Wall Street's main indexes, with investors swapping perceived safe-haven technology shares for industrial and banking stocks, which generally benefit most from an economic rebound.
On Wednesday, the S&P financials sector .SPSY gained 0.3%, while industrial stocks .SPLRCI added 0.2%.
By 10:08 a.m. ET, the Dow Jones Industrial Average .DJI was up 44.64 points, or 0.15%, at 30,218.56, the S&P 500 .SPX was up 4.49 points, or 0.12%, at 3,707.08, and the Nasdaq Composite .IXIC was down 7.67 points, or 0.06 %, at 12,575.94.
With overall valuations now at extremely high levels, some investors worry stocks could be more vulnerable to any bad news such as unexpected setbacks in the roll-out of coronavirus vaccines or delays in stimulus.
Major U.S. banks Goldman Sachs Group Inc GS.N and Morgan Stanley Inc MS.N jumped nearly 2%, while travel stocks, which have been battered by the pandemic, also clocked sharp gains.
Delta Air Lines Inc DAL.N and American Airlines Group Inc AAL.O climbed 2.4% and 3.1%.
Home improvement chain Lowe's Cos Inc LOW.N jumped 4.9% and was among the top percentage gainers on the benchmark S&P 500 after announcing a new $15 billion share repurchase plan.
Advancing issues outnumbered decliners 2.2-to-1 on the NYSE and 1.5-to-1 on the Nasdaq.
The S&P 500 posted 30 new 52-week highs and no new low, while the Nasdaq recorded 330 new highs and four new lows.
(Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Shounak Dasgupta)
((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Delta Air Lines Inc DAL.N and American Airlines Group Inc AAL.O climbed 2.4% and 3.1%. Investors are banking on a long-awaited relief package to mitigate the economic damage from the COVID-19 pandemic that has led to millions of layoffs and overwhelmed the healthcare system. Positive updates on COVID-19 vaccine development have also recently lifted Wall Street's main indexes, with investors swapping perceived safe-haven technology shares for industrial and banking stocks, which generally benefit most from an economic rebound.
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Delta Air Lines Inc DAL.N and American Airlines Group Inc AAL.O climbed 2.4% and 3.1%. By Shriya Ramakrishnan Dec 9 (Reuters) - The S&P 500 and the Dow scaled record highs on Wednesday as hopes of a working COVID-19 vaccine and fresh economic stimulus before the end of the year lifted demand for economically sensitive energy and financial shares. Positive updates on COVID-19 vaccine development have also recently lifted Wall Street's main indexes, with investors swapping perceived safe-haven technology shares for industrial and banking stocks, which generally benefit most from an economic rebound.
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Delta Air Lines Inc DAL.N and American Airlines Group Inc AAL.O climbed 2.4% and 3.1%. By Shriya Ramakrishnan Dec 9 (Reuters) - The S&P 500 and the Dow scaled record highs on Wednesday as hopes of a working COVID-19 vaccine and fresh economic stimulus before the end of the year lifted demand for economically sensitive energy and financial shares. Positive updates on COVID-19 vaccine development have also recently lifted Wall Street's main indexes, with investors swapping perceived safe-haven technology shares for industrial and banking stocks, which generally benefit most from an economic rebound.
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Delta Air Lines Inc DAL.N and American Airlines Group Inc AAL.O climbed 2.4% and 3.1%. By Shriya Ramakrishnan Dec 9 (Reuters) - The S&P 500 and the Dow scaled record highs on Wednesday as hopes of a working COVID-19 vaccine and fresh economic stimulus before the end of the year lifted demand for economically sensitive energy and financial shares. Oil majors Exxon Mobil Corp XOM.N and Chevron Corp CVX.N gained 1% in early trading.
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9089f5ff-0b19-4067-9740-233be9247336
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4920.0
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2020-12-09 00:00:00 UTC
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US STOCKS-S&P 500 set for record open on vaccine, stimulus bets
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-500-set-for-record-open-on-vaccine-stimulus-bets-2020-12-09
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nan
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nan
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By Shriya Ramakrishnan
Dec 9 (Reuters) - The S&P 500 was set to open at a record high on Wednesday as hopes for a vaccine-linked economic recovery and more domestic fiscal stimulus sparked demand for economically sensitive stocks such as banks and industrials.
Investors have flocked to U.S. equities and shrugged off weak economic data in recent weeks on signs that a working COVID-19 vaccine would be available before the end of the year.
The U.S. Food and Drug Administration raised no new issues about the safety or efficacy of Pfizer Inc's PFE.N candidate on Tuesday, while Johnson & Johnson JNJ.N reported it could obtain late-stage trial results for a single-dose vaccine earlier than expected.
Both drugmakers' shares gained about 1%.
President-elect Joe Biden has vowed that his administration would vaccinate 100 million Americans during his first 100 days in office, push to reopen schools and strengthen mask mandates.
"The market remains very optimistic that some sort of a stimulus deal would be cut before the end of the year, and that would indicate the economy may not falter or wind up in a double-dip recession," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
U.S. lawmakers continued to negotiate on the long-awaited coronavirus relief package, but provisions on liability protections for businesses and aid to state and local governments have caused divisions between Republicans and Democrats.
The Trump administration proposed a new $916 billion aid package on Tuesday, after congressional Democrats shot down a suggestion for a pared-down plan.
At 8:19 a.m. ET, Dow e-minis 1YMcv1 were up 72 points, or 0.24%, S&P 500 e-minis EScv1 were up 4.5 points, or 0.12%, and Nasdaq 100 e-minis NQcv1 were down 9.75 points, or 0.08%.
Major U.S. banks Citigroup C.N and Wells Fargo WFC.N gained half a percent before the bell, while industrial bellwether Boeing Co BA.N climbed 1.1%.
With overall valuations now at extremely high levels, some investors worry stocks could be more vulnerable to any bad news such as unexpected setbacks in the roll-out of vaccines or delays in stimulus.
Travel stocks, which have been battered by the COVID-19 pandemic, also clocked sharp gains. American Airlines Group Inc AAL.O and United Airlines Holdings Inc UAL.O jumped 3.9% and 1.5%.
Campbell Soup Co CPB.N slipped 0.9% even as it reported a 21% surge in sales of soups in the United States alone.
(Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Shounak Dasgupta)
((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group Inc AAL.O and United Airlines Holdings Inc UAL.O jumped 3.9% and 1.5%. President-elect Joe Biden has vowed that his administration would vaccinate 100 million Americans during his first 100 days in office, push to reopen schools and strengthen mask mandates. U.S. lawmakers continued to negotiate on the long-awaited coronavirus relief package, but provisions on liability protections for businesses and aid to state and local governments have caused divisions between Republicans and Democrats.
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American Airlines Group Inc AAL.O and United Airlines Holdings Inc UAL.O jumped 3.9% and 1.5%. The U.S. Food and Drug Administration raised no new issues about the safety or efficacy of Pfizer Inc's PFE.N candidate on Tuesday, while Johnson & Johnson JNJ.N reported it could obtain late-stage trial results for a single-dose vaccine earlier than expected. The Trump administration proposed a new $916 billion aid package on Tuesday, after congressional Democrats shot down a suggestion for a pared-down plan.
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American Airlines Group Inc AAL.O and United Airlines Holdings Inc UAL.O jumped 3.9% and 1.5%. By Shriya Ramakrishnan Dec 9 (Reuters) - The S&P 500 was set to open at a record high on Wednesday as hopes for a vaccine-linked economic recovery and more domestic fiscal stimulus sparked demand for economically sensitive stocks such as banks and industrials. The U.S. Food and Drug Administration raised no new issues about the safety or efficacy of Pfizer Inc's PFE.N candidate on Tuesday, while Johnson & Johnson JNJ.N reported it could obtain late-stage trial results for a single-dose vaccine earlier than expected.
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American Airlines Group Inc AAL.O and United Airlines Holdings Inc UAL.O jumped 3.9% and 1.5%. By Shriya Ramakrishnan Dec 9 (Reuters) - The S&P 500 was set to open at a record high on Wednesday as hopes for a vaccine-linked economic recovery and more domestic fiscal stimulus sparked demand for economically sensitive stocks such as banks and industrials. Investors have flocked to U.S. equities and shrugged off weak economic data in recent weeks on signs that a working COVID-19 vaccine would be available before the end of the year.
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a46e96ca-adad-4b0c-9ca4-c2c3f1f601e9
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4921.0
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2020-12-09 00:00:00 UTC
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US STOCKS-S&P 500 futures climb to record high on vaccine, stimulus bets
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-500-futures-climb-to-record-high-on-vaccine-stimulus-bets-2020-12-09
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By Shriya Ramakrishnan
Dec 9 (Reuters) - Dow futures rose and S&P 500 futures hit a record high on Wednesday as hopes for a vaccine-linked economic recovery and more domestic fiscal stimulus sparked demand for economically sensitive stocks such as banks and industrials.
Investors have flocked to U.S. equities and shrugged off weak economic data in recent weeks on signs that a working COVID-19 vaccine would be available before the end of the year.
The race for a vaccine narrowed on Tuesday after the U.S. Food and Drug Administration raised no new issues about the safety or efficacy of Pfizer Inc's PFE.N candidate, while Johnson & Johnson JNJ.N reported it could obtain late-stage trial results for a single-dose vaccine earlier than expected.
Both drugmakers' shares gained about 1% in premarket trading.
President-elect Joe Biden has also vowed that his administration would vaccinate 100 million Americans during his first 100 days in office, push to reopen schools and strengthen mask mandates.
At 6:48 a.m. ET, Dow e-minis 1YMcv1 were up 67 points, or 0.22%, S&P 500 e-minis EScv1 were up 5.25 points, or 0.14%, and Nasdaq 100 e-minis NQcv1 were down 9.25 points, or 0.07%.
With valuations now at extremely high levels, some investors worry that stocks could be more vulnerable to any bad news such as unexpected setbacks in the roll-out of vaccines or delays in stimulus.
U.S. lawmakers continued to negotiate on a long-awaited coronavirus relief package, but provisions on liability protections for businesses and aid to state and local governments are causing divisions between Republicans and Democrats.
The Trump administration proposed a new $916 billion aid package on Tuesday, after congressional Democrats shot down a suggestion for a pared-down plan.
Major U.S. banks JPMorgan Chase & Co JPM.N and Citigroup Inc C.N as well as industrial bellwethers Boeing Co BA.N and 3M Co MMM.N rose about half a percent.
Travel stocks including United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O gained 1.3% and 2.7%.
(Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Shounak Dasgupta)
((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Travel stocks including United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O gained 1.3% and 2.7%. President-elect Joe Biden has also vowed that his administration would vaccinate 100 million Americans during his first 100 days in office, push to reopen schools and strengthen mask mandates. With valuations now at extremely high levels, some investors worry that stocks could be more vulnerable to any bad news such as unexpected setbacks in the roll-out of vaccines or delays in stimulus.
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Travel stocks including United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O gained 1.3% and 2.7%. By Shriya Ramakrishnan Dec 9 (Reuters) - Dow futures rose and S&P 500 futures hit a record high on Wednesday as hopes for a vaccine-linked economic recovery and more domestic fiscal stimulus sparked demand for economically sensitive stocks such as banks and industrials. The race for a vaccine narrowed on Tuesday after the U.S. Food and Drug Administration raised no new issues about the safety or efficacy of Pfizer Inc's PFE.N candidate, while Johnson & Johnson JNJ.N reported it could obtain late-stage trial results for a single-dose vaccine earlier than expected.
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Travel stocks including United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O gained 1.3% and 2.7%. By Shriya Ramakrishnan Dec 9 (Reuters) - Dow futures rose and S&P 500 futures hit a record high on Wednesday as hopes for a vaccine-linked economic recovery and more domestic fiscal stimulus sparked demand for economically sensitive stocks such as banks and industrials. The race for a vaccine narrowed on Tuesday after the U.S. Food and Drug Administration raised no new issues about the safety or efficacy of Pfizer Inc's PFE.N candidate, while Johnson & Johnson JNJ.N reported it could obtain late-stage trial results for a single-dose vaccine earlier than expected.
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Travel stocks including United Airlines Holdings Inc UAL.O and American Airlines Group Inc AAL.O gained 1.3% and 2.7%. By Shriya Ramakrishnan Dec 9 (Reuters) - Dow futures rose and S&P 500 futures hit a record high on Wednesday as hopes for a vaccine-linked economic recovery and more domestic fiscal stimulus sparked demand for economically sensitive stocks such as banks and industrials. Investors have flocked to U.S. equities and shrugged off weak economic data in recent weeks on signs that a working COVID-19 vaccine would be available before the end of the year.
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28ffb944-6ce4-4df4-a59e-e1ed5b8848ef
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4922.0
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2020-12-08 00:00:00 UTC
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American Airlines Should Dump Its Swanky A321T Jets
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AAL
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https://www.nasdaq.com/articles/american-airlines-should-dump-its-swanky-a321t-jets-2020-12-08
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nan
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nan
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Since 2014, American Airlines (NASDAQ: AAL) has used a specially configured fleet of Airbus A321s to ply the routes from New York's JFK Airport to Los Angeles and San Francisco. Whereas airlines typically outfit A321s with 190 to 200 seats, American's "A321T" features a premium-heavy 102-seat configuration, including 10 first-class seats and 20 business-class seats.
Now, the struggling airline is reportedly considering converting all of its A321Ts into its standard, high-density configuration. Considering that business-travel demand could remain weak for years, reconfiguring this fleet to reduce unit costs seems like a no-brainer.
Image source: Airbus and American Airlines.
The wrong plane at the wrong time
American Airlines' A321T always represented a risky bet on dominating the premium-travel market. These planes devote more than half of their floor space to their 30 flat-bed first-class and business-class seats. The airline needs to fill those seats at very high fares -- thousands of dollars round-trip -- to earn high margins.
In the best of times, that was challenging, considering the competitiveness of the airline industry. JetBlue Airways launched its "Mint" premium service on the New York-Los Angeles and New York-San Francisco routes in mid-2014. It has since become a major player in the premium transcontinental market. However, while JetBlue also uses A321s, it configures them with 16 lie-flat seats in the premium cabin and 159 seats overall. The extra seating capacity allows it to make money with significantly lower fares.
Today, the A321T is a money pit. The pandemic has decimated business travel (far more than leisure travel). As a result, American Airlines has grounded nearly the entire A321T fleet. Instead of operating high-frequency A321T service from New York to Los Angeles and San Francisco, it's flying those routes just once or twice a day, mainly using wide-body jets that have a lower proportion of business-class seats than the A321Ts.
Are longer-term changes coming?
The U.S. airline industry has had to change quickly in 2020 to adapt to the COVID-19 pandemic. Many of those changes will likely prove temporary, but some will become permanent. American Airlines' move away from the low-density A321T fleet could be one of those changes.
Indeed, the airline may be looking to convert the entire A321T fleet to its new 190-seat standard configuration for the A321. For now, reports of this strategic shift haven't been confirmed. However, it would make a lot of sense.
Mass distribution of COVID-19 vaccines could drive a rapid recovery in short-haul leisure-travel demand next year. High-density A321s would be ideal for serving this market segment. By contrast, most industry executives and analysts expect business-travel demand to remain well below 2019 levels for many more years.
The pandemic has forced companies to make better use of videoconferencing tools. That could permanently reduce business-travel demand, especially at the higher price points that American Airlines has relied on for its first-class offering on the A321T.
There are better alternatives
There's no way to know for sure what the new normal will look like for air travel, but there's a good chance that the current A321T won't fit into it. In the near term, while business travel is depressed, American could use wide-body jets on the premium transcontinental routes. After all, it probably won't need its full complement of wide-body jets for long-haul international routes until at least the summer of 2022.
Looking beyond 2022, American Airlines' best option would be to create a post-pandemic premium configuration that could be installed on A321neos. American has dozens of A321neo deliveries scheduled for the next two to three years.
The A321neo provides a bigger fuel-efficiency improvement over the prior-generation A321 on transcontinental routes than on shorter flights. Moreover, Airbus has enabled new configuration options for the A321neo and its longer-range siblings that aren't available on the A321. This could potentially allow American Airlines to fit significantly more than 102 seats, in total, while still offering 20 to 30 lie-flat business-class seats.
American Airlines is on track to be one of the last U.S. airlines to reach cash breakeven and has the most debt of any major airline. It can't afford to leave any stone unturned in its quest to return to profitability. Converting the existing A321T fleet to a 190-seat configuration better suited to leisure demand and eventually rolling out a less-ambitious premium configuration on A321neos would be steps in the right direction.
10 stocks we like better than American Airlines Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Adam Levine-Weinberg owns shares of JetBlue Airways and is long January 2022 $10 calls on JetBlue Airways. The Motley Fool recommends JetBlue Airways. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Since 2014, American Airlines (NASDAQ: AAL) has used a specially configured fleet of Airbus A321s to ply the routes from New York's JFK Airport to Los Angeles and San Francisco. Instead of operating high-frequency A321T service from New York to Los Angeles and San Francisco, it's flying those routes just once or twice a day, mainly using wide-body jets that have a lower proportion of business-class seats than the A321Ts. That could permanently reduce business-travel demand, especially at the higher price points that American Airlines has relied on for its first-class offering on the A321T.
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Since 2014, American Airlines (NASDAQ: AAL) has used a specially configured fleet of Airbus A321s to ply the routes from New York's JFK Airport to Los Angeles and San Francisco. The wrong plane at the wrong time American Airlines' A321T always represented a risky bet on dominating the premium-travel market. In the near term, while business travel is depressed, American could use wide-body jets on the premium transcontinental routes.
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Since 2014, American Airlines (NASDAQ: AAL) has used a specially configured fleet of Airbus A321s to ply the routes from New York's JFK Airport to Los Angeles and San Francisco. Whereas airlines typically outfit A321s with 190 to 200 seats, American's "A321T" features a premium-heavy 102-seat configuration, including 10 first-class seats and 20 business-class seats. American Airlines is on track to be one of the last U.S. airlines to reach cash breakeven and has the most debt of any major airline.
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Since 2014, American Airlines (NASDAQ: AAL) has used a specially configured fleet of Airbus A321s to ply the routes from New York's JFK Airport to Los Angeles and San Francisco. It has since become a major player in the premium transcontinental market. However, while JetBlue also uses A321s, it configures them with 16 lie-flat seats in the premium cabin and 159 seats overall.
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ee8aed2e-154b-4c24-8142-52ff45ae949d
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4923.0
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2020-12-08 00:00:00 UTC
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American Airlines Offers Home COVID-19 Tests So Travelers Can Avoid Quarantine
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AAL
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https://www.nasdaq.com/articles/american-airlines-offers-home-covid-19-tests-so-travelers-can-avoid-quarantine-2020-12-08
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nan
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American Airlines Group (NASDAQ: AAL) is set to begin offering a $129 at-home COVID-19 test to passengers, another step toward trying to encourage travelers to return to the skies during the pandemic.
American is working with LetsGetChecked, the company providing the tests, which will be available for flights beginning on Saturday. The tests are billed as a way for travelers to avoid quarantines upon arrival at their destination.
There are about a dozen states or U.S. cities that currently have travel restrictions.
Image source: American Airlines.
"We've made great strides to help open international travel with our testing partners, and we recognize the need for similar domestic travel solutions," American's chief customer officer Alison Taylor said in a statement. "As travel requirements continue to quickly evolve, we're simplifying the research and COVID-19 testing fulfillment process for an overall more seamless travel experience."
Airlines have been hit hard by the pandemic, with American warning earlier in the month that it expects to burn through $25 million to $30 million per day in the current quarter due to tepid demand. The holiday season is typically a busy and lucrative one for the airlines, but with government health officials urging people to stay at home this year, it's unclear whether the industry will see a revenue bump this December.
By selling the test, American is trying to remove one potential obstacle keeping travelers at home.
10 stocks we like better than American Airlines Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group (NASDAQ: AAL) is set to begin offering a $129 at-home COVID-19 test to passengers, another step toward trying to encourage travelers to return to the skies during the pandemic. The holiday season is typically a busy and lucrative one for the airlines, but with government health officials urging people to stay at home this year, it's unclear whether the industry will see a revenue bump this December. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group wasn't one of them!
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American Airlines Group (NASDAQ: AAL) is set to begin offering a $129 at-home COVID-19 test to passengers, another step toward trying to encourage travelers to return to the skies during the pandemic. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman has no position in any of the stocks mentioned.
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American Airlines Group (NASDAQ: AAL) is set to begin offering a $129 at-home COVID-19 test to passengers, another step toward trying to encourage travelers to return to the skies during the pandemic. 10 stocks we like better than American Airlines Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman has no position in any of the stocks mentioned.
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American Airlines Group (NASDAQ: AAL) is set to begin offering a $129 at-home COVID-19 test to passengers, another step toward trying to encourage travelers to return to the skies during the pandemic. That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman has no position in any of the stocks mentioned.
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1a3c2e50-b37c-410d-9d51-7059dc8933ac
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4924.0
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2020-12-08 00:00:00 UTC
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American expands preflight testing to all U.S. destinations with travel restrictions
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AAL
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https://www.nasdaq.com/articles/american-expands-preflight-testing-to-all-u.s.-destinations-with-travel-restrictions-2020
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nan
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Dec 8 (Reuters) - American Airlines AAL.O said on Tuesday it is expanding preflight COVID-19 testing for all U.S. destinations that have travel restrictions.
The test, priced at $129 which includes a medical professional virtually assisting and express shipping both ways, will be available for purchase for passengers traveling on or after Dec. 12.
In collaboration with at-home testing partner LetsGetChecked, American said it will provide testing for travel to cities, states and territories currently under COVID-19 travel restrictions, including Puerto Rico.
In November, the airline had expanded its at-home testing to new destinations in the Caribbean, Latin America and Hawaii.
(Reporting by Shreyasee Raj in Bengaluru; Editing by Krishna Chandra Eluri)
((Shreyasee.Raj@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dec 8 (Reuters) - American Airlines AAL.O said on Tuesday it is expanding preflight COVID-19 testing for all U.S. destinations that have travel restrictions. The test, priced at $129 which includes a medical professional virtually assisting and express shipping both ways, will be available for purchase for passengers traveling on or after Dec. 12. In November, the airline had expanded its at-home testing to new destinations in the Caribbean, Latin America and Hawaii.
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Dec 8 (Reuters) - American Airlines AAL.O said on Tuesday it is expanding preflight COVID-19 testing for all U.S. destinations that have travel restrictions. In collaboration with at-home testing partner LetsGetChecked, American said it will provide testing for travel to cities, states and territories currently under COVID-19 travel restrictions, including Puerto Rico. In November, the airline had expanded its at-home testing to new destinations in the Caribbean, Latin America and Hawaii.
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Dec 8 (Reuters) - American Airlines AAL.O said on Tuesday it is expanding preflight COVID-19 testing for all U.S. destinations that have travel restrictions. In collaboration with at-home testing partner LetsGetChecked, American said it will provide testing for travel to cities, states and territories currently under COVID-19 travel restrictions, including Puerto Rico. (Reporting by Shreyasee Raj in Bengaluru; Editing by Krishna Chandra Eluri) ((Shreyasee.Raj@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dec 8 (Reuters) - American Airlines AAL.O said on Tuesday it is expanding preflight COVID-19 testing for all U.S. destinations that have travel restrictions. The test, priced at $129 which includes a medical professional virtually assisting and express shipping both ways, will be available for purchase for passengers traveling on or after Dec. 12. In collaboration with at-home testing partner LetsGetChecked, American said it will provide testing for travel to cities, states and territories currently under COVID-19 travel restrictions, including Puerto Rico.
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b1b4dc46-d190-4aae-b1be-3b352d13f002
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4925.0
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2020-12-08 00:00:00 UTC
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Pre-Market Most Active for Dec 8, 2020 : CRIS, BFT, LXRX, BBVA, TSLA, PLTR, LAZR, NIO, LI, XPEV, AAL, KODK
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-8-2020-%3A-cris-bft-lxrx-bbva-tsla-pltr-lazr-nio-li-xpev-aal
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The NASDAQ 100 Pre-Market Indicator is down -15.64 to 12,580.83. The total Pre-Market volume is currently 71,881,215 shares traded.
The following are the most active stocks for the pre-market session:
Curis, Inc. (CRIS) is +2.85 at $4.29, with 22,489,392 shares traded. As reported by Zacks, the current mean recommendation for CRIS is in the "strong buy range".
Foley Trasimene Acquisition Corp. II (BFT) is +0.98 at $12.93, with 5,369,632 shares traded., following a 52-week high recorded in prior regular session.
Lexicon Pharmaceuticals, Inc. (LXRX) is +0.81 at $2.54, with 4,829,389 shares traded. As reported in the last short interest update the days to cover for LXRX is 14.24069; this calculation is based on the average trading volume of the stock.
Banco Bilbao Viscaya Argentaria S.A. (BBVA) is +0.02 at $5.07, with 3,140,236 shares traded. BBVA's current last sale is 107.87% of the target price of $4.7.
Tesla, Inc. (TSLA) is -10.26 at $631.50, with 3,122,849 shares traded., following a 52-week high recorded in prior regular session.
Palantir Technologies Inc. (PLTR) is +1.92 at $30.86, with 2,409,140 shares traded. PLTR's current last sale is 212.83% of the target price of $14.5.
Luminar Technologies, Inc. (LAZR) is +5.57 at $46.45, with 2,310,142 shares traded.LAZR is scheduled to provide an earnings report on 12/11/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -0.05 per share, which represents a 4 percent increase over the EPS one Year Ago
NIO Inc. (NIO) is +1.36 at $46.47, with 2,267,187 shares traded. NIO's current last sale is 140.82% of the target price of $33.
Li Auto Inc. (LI) is +1.9602 at $33.45, with 1,572,848 shares traded. As reported by Zacks, the current mean recommendation for LI is in the "buy range".
XPeng Inc. (XPEV) is +2.35 at $50.65, with 1,419,832 shares traded. As reported by Zacks, the current mean recommendation for XPEV is in the "buy range".
American Airlines Group, Inc. (AAL) is +0.32 at $17.53, with 1,351,169 shares traded. AAL's current last sale is 175.3% of the target price of $10.
Eastman Kodak Company (KODK) is +0.55 at $12.59, with 1,281,358 shares traded.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is +0.32 at $17.53, with 1,351,169 shares traded. AAL's current last sale is 175.3% of the target price of $10. Foley Trasimene Acquisition Corp. II (BFT) is +0.98 at $12.93, with 5,369,632 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.32 at $17.53, with 1,351,169 shares traded. AAL's current last sale is 175.3% of the target price of $10. The total Pre-Market volume is currently 71,881,215 shares traded.
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American Airlines Group, Inc. (AAL) is +0.32 at $17.53, with 1,351,169 shares traded. AAL's current last sale is 175.3% of the target price of $10. The total Pre-Market volume is currently 71,881,215 shares traded.
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American Airlines Group, Inc. (AAL) is +0.32 at $17.53, with 1,351,169 shares traded. AAL's current last sale is 175.3% of the target price of $10. The following are the most active stocks for the pre-market session:
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b5338ec2-9020-4de6-889b-1ce757c61bc0
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4926.0
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2020-12-08 00:00:00 UTC
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Boeing Delivers First 737 MAX Since Grounding
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AAL
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https://www.nasdaq.com/articles/boeing-delivers-first-737-max-since-grounding-2020-12-08
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nan
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United Airlines Holdings (NASDAQ: UAL) on Tuesday became the first airline to take delivery on a Boeing (NYSE: BA) 737 MAX since the plane was recertified last month, the first step in a long recovery for Boeing and the troubled airplane.
The 737 MAX was cleared to fly in November after 20 months on the ground following a pair of fatal crashes. Boeing's new challenge is to place the more than 400 planes manufactured during the halt but not yet delivered at a time when airlines are cutting back service and looking to cut costs.
Image source: United Airlines.
Boeing has been dealing with cancellations that exceed orders all year, a trend that continued in November. But the airlines have not given up on the 737 MAX. American Airlines Group (NASDAQ: AAL) is making plans to return the plane to service before year's end, and United has said it intends to put the 14 planes in its fleet at the time of the grounding to work early in 2021.
United confirmed the delivery to reporters. The plane is the first of eight MAX planes expected to be delivered to the carrier before year's end, according to The Wall Street Journal.
American and Southwest Airlines (NYSE: LUV) are also expected to take deliveries in 2020, according to the Journal.
Still, Boeing has an uphill battle ahead of it. The manufacturer will be lucky to work through half of its inventory of stored planes in 2021. Boeing currently hopes to ramp up new plane assembly to 31 aircraft per month by the beginning of 2022, well short of its pre-grounding aim of manufacturing more than 50 per month by now.
10 stocks we like better than Boeing
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Boeing wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool recommends Southwest Airlines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group (NASDAQ: AAL) is making plans to return the plane to service before year's end, and United has said it intends to put the 14 planes in its fleet at the time of the grounding to work early in 2021. The 737 MAX was cleared to fly in November after 20 months on the ground following a pair of fatal crashes. Boeing has been dealing with cancellations that exceed orders all year, a trend that continued in November.
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American Airlines Group (NASDAQ: AAL) is making plans to return the plane to service before year's end, and United has said it intends to put the 14 planes in its fleet at the time of the grounding to work early in 2021. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman has no position in any of the stocks mentioned.
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American Airlines Group (NASDAQ: AAL) is making plans to return the plane to service before year's end, and United has said it intends to put the 14 planes in its fleet at the time of the grounding to work early in 2021. United Airlines Holdings (NASDAQ: UAL) on Tuesday became the first airline to take delivery on a Boeing (NYSE: BA) 737 MAX since the plane was recertified last month, the first step in a long recovery for Boeing and the troubled airplane. Boeing's new challenge is to place the more than 400 planes manufactured during the halt but not yet delivered at a time when airlines are cutting back service and looking to cut costs.
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American Airlines Group (NASDAQ: AAL) is making plans to return the plane to service before year's end, and United has said it intends to put the 14 planes in its fleet at the time of the grounding to work early in 2021. United Airlines Holdings (NASDAQ: UAL) on Tuesday became the first airline to take delivery on a Boeing (NYSE: BA) 737 MAX since the plane was recertified last month, the first step in a long recovery for Boeing and the troubled airplane. But the airlines have not given up on the 737 MAX.
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24c2f7af-b87a-4465-8e4b-26e6981141f4
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4927.0
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2020-12-08 00:00:00 UTC
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Tuesday's ETF with Unusual Volume: SPYX
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AAL
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https://www.nasdaq.com/articles/tuesdays-etf-with-unusual-volume%3A-spyx-2020-12-08
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nan
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nan
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Tuesday, with over 289,000 shares traded versus three month average volume of about 35,000. Shares of SPYX were trading flat on the day.
Components of that ETF with the highest volume on Tuesday were American Airlines Group, trading up about 0.9% with over 52.8 million shares changing hands so far this session, and General Electric, up about 1.2% on volume of over 36.7 million shares. Equifax is the component faring the best Tuesday, higher by about 10.8% on the day, while Autozone is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.6%.
VIDEO: Tuesday's ETF with Unusual Volume: SPYX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Tuesday, with over 289,000 shares traded versus three month average volume of about 35,000. Components of that ETF with the highest volume on Tuesday were American Airlines Group, trading up about 0.9% with over 52.8 million shares changing hands so far this session, and General Electric, up about 1.2% on volume of over 36.7 million shares. Equifax is the component faring the best Tuesday, higher by about 10.8% on the day, while Autozone is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.6%.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Tuesday, with over 289,000 shares traded versus three month average volume of about 35,000. Equifax is the component faring the best Tuesday, higher by about 10.8% on the day, while Autozone is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.6%. VIDEO: Tuesday's ETF with Unusual Volume: SPYX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Tuesday, with over 289,000 shares traded versus three month average volume of about 35,000. Components of that ETF with the highest volume on Tuesday were American Airlines Group, trading up about 0.9% with over 52.8 million shares changing hands so far this session, and General Electric, up about 1.2% on volume of over 36.7 million shares. Equifax is the component faring the best Tuesday, higher by about 10.8% on the day, while Autozone is lagging other components of the SPDR— S&P— 500 Fossil Fuel Reserves Free ETF, trading lower by about 4.6%.
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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Tuesday, with over 289,000 shares traded versus three month average volume of about 35,000. Shares of SPYX were trading flat on the day. Components of that ETF with the highest volume on Tuesday were American Airlines Group, trading up about 0.9% with over 52.8 million shares changing hands so far this session, and General Electric, up about 1.2% on volume of over 36.7 million shares.
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c975fa75-995b-4499-a413-2460e8b954b1
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4928.0
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2020-12-07 00:00:00 UTC
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Pre-Market Most Active for Dec 7, 2020 : KODK, BFT, NIO, XPEV, ACB, VRM, AAL, LI, LAZR, FCEL, SBSW, TSLA
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-7-2020-%3A-kodk-bft-nio-xpev-acb-vrm-aal-li-lazr-fcel-sbsw
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 10.19 to 12,538.67. The total Pre-Market volume is currently 73,443,609 shares traded.
The following are the most active stocks for the pre-market session:
Eastman Kodak Company (KODK) is +5.5401 at $13.07, with 11,956,270 shares traded.
Foley Trasimene Acquisition Corp. II (BFT) is +0.88 at $11.50, with 6,078,308 shares traded.
NIO Inc. (NIO) is -1.14 at $41.90, with 3,228,714 shares traded. NIO's current last sale is 126.97% of the target price of $33.
XPeng Inc. (XPEV) is -3.47 at $45.87, with 1,698,637 shares traded. As reported by Zacks, the current mean recommendation for XPEV is in the "buy range".
Aurora Cannabis Inc. (ACB) is -0.24 at $10.65, with 1,121,242 shares traded. ACB's current last sale is 117.1% of the target price of $9.095.
Vroom, Inc. (VRM) is -0.63 at $32.50, with 1,120,297 shares traded. As reported by Zacks, the current mean recommendation for VRM is in the "buy range".
American Airlines Group, Inc. (AAL) is -0.0801 at $16.32, with 1,104,985 shares traded. AAL's current last sale is 163.2% of the target price of $10.
Li Auto Inc. (LI) is -0.68 at $29.85, with 1,083,519 shares traded. As reported by Zacks, the current mean recommendation for LI is in the "buy range".
Luminar Technologies, Inc. (LAZR) is -0.87 at $30.53, with 960,897 shares traded.LAZR is scheduled to provide an earnings report on 12/11/2020, for the fiscal quarter ending Sep2020. The consensus earnings per share forecast is -0.05 per share, which represents a 4 percent increase over the EPS one Year Ago
FuelCell Energy, Inc. (FCEL) is +0.2302 at $8.18, with 850,835 shares traded. FCEL's current last sale is 251.7% of the target price of $3.25.
Sibanye Stillwater Limited (SBSW) is +0.04 at $14.55, with 820,003 shares traded. As reported by Zacks, the current mean recommendation for SBSW is in the "buy range".
Tesla, Inc. (TSLA) is +6.21 at $605.25, with 807,470 shares traded. TSLA's current last sale is 133.76% of the target price of $452.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is -0.0801 at $16.32, with 1,104,985 shares traded. AAL's current last sale is 163.2% of the target price of $10. Foley Trasimene Acquisition Corp. II (BFT) is +0.88 at $11.50, with 6,078,308 shares traded.
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American Airlines Group, Inc. (AAL) is -0.0801 at $16.32, with 1,104,985 shares traded. AAL's current last sale is 163.2% of the target price of $10. As reported by Zacks, the current mean recommendation for XPEV is in the "buy range".
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American Airlines Group, Inc. (AAL) is -0.0801 at $16.32, with 1,104,985 shares traded. AAL's current last sale is 163.2% of the target price of $10. The total Pre-Market volume is currently 73,443,609 shares traded.
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AAL's current last sale is 163.2% of the target price of $10. American Airlines Group, Inc. (AAL) is -0.0801 at $16.32, with 1,104,985 shares traded. The NASDAQ 100 Pre-Market Indicator is up 10.19 to 12,538.67.
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fd3cd7f7-e42d-440c-83f0-a8e3125448b1
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4929.0
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2020-12-07 00:00:00 UTC
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Why Shares of American Airlines Are Up Today
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AAL
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https://www.nasdaq.com/articles/why-shares-of-american-airlines-are-up-today-2020-12-07
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nan
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nan
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What happened
During the early months of the coronavirus pandemic, American Airlines Group's (NASDAQ: AAL) shares were among the most volatile in the sector, gaining as much as 40% in a single trading day back in June on a small piece of good news.
The stock displayed similarly mercurial behavior on Monday as well. While other airline shares were flying fairly level, American traded upward by as much as 10%, despite a lack of company-specific news. As of 2 p.m. EST, it was up by about 6%.
So what
The passenger airline business has been hit hard by COVID-19; industry revenue in 2020 is expected to fall by 65% or more. American Airlines has been feeling the pain more acutely than most, as its debt load -- the highest among the U.S. carriers -- made it particularly vulnerable.
Image source: American Airlines.
The stock fell nearly 75% in the early days of the pandemic, but slowly crept back upward as the initial lockdowns lifted. Its climb accelerated in November due to positive news concerning potential COVID-19 vaccines.
Based on that vaccine news, the market can have a rough idea of when the worst of the pandemic will be over, and with that comes an increasing level of confidence that American Airlines has enough cash on hand to ride out the crisis. Its stock underperformed that of its healthier rivals like Delta Air Lines and Southwest Airlines in the first half of the year, but emboldened investors lately have it outperforming its peers and beginning to close the gap.
Airline data by YCharts
Now what
The news flow is improving, but investors should remain cautious. American is a survivor, but it will take years to rebuild its bruised balance sheet even after passenger traffic returns to near normal levels.
In the meantime, expect rivals with healthier finances to make life difficult for American. Southwest has already gone on the offensive, and other discounters are likely to take advantage of their lower costs to try to lure away customers in the quarters to come.
American Airlines stock is now safe to own, as the vaccine developments make a bankruptcy highly unlikely. But relative to other airlines, it still looks like a laggard. Investors should be cautious about getting too excited over incremental gains in the months to come.
10 stocks we like better than American Airlines Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Lou Whiteman owns shares of Delta Air Lines. The Motley Fool recommends Delta Air Lines and Southwest Airlines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened During the early months of the coronavirus pandemic, American Airlines Group's (NASDAQ: AAL) shares were among the most volatile in the sector, gaining as much as 40% in a single trading day back in June on a small piece of good news. Based on that vaccine news, the market can have a rough idea of when the worst of the pandemic will be over, and with that comes an increasing level of confidence that American Airlines has enough cash on hand to ride out the crisis. Its stock underperformed that of its healthier rivals like Delta Air Lines and Southwest Airlines in the first half of the year, but emboldened investors lately have it outperforming its peers and beginning to close the gap.
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What happened During the early months of the coronavirus pandemic, American Airlines Group's (NASDAQ: AAL) shares were among the most volatile in the sector, gaining as much as 40% in a single trading day back in June on a small piece of good news. Its stock underperformed that of its healthier rivals like Delta Air Lines and Southwest Airlines in the first half of the year, but emboldened investors lately have it outperforming its peers and beginning to close the gap. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Delta Air Lines.
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What happened During the early months of the coronavirus pandemic, American Airlines Group's (NASDAQ: AAL) shares were among the most volatile in the sector, gaining as much as 40% in a single trading day back in June on a small piece of good news. 10 stocks we like better than American Airlines Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group wasn't one of them!
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What happened During the early months of the coronavirus pandemic, American Airlines Group's (NASDAQ: AAL) shares were among the most volatile in the sector, gaining as much as 40% in a single trading day back in June on a small piece of good news. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Delta Air Lines. The Motley Fool recommends Delta Air Lines and Southwest Airlines.
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2b8a678b-d32f-4abe-912b-c8cd30f9cd6f
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4930.0
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2020-12-07 00:00:00 UTC
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Brazilian airline Gol to resume flying Boeing 737 MAX from Dec. 9
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AAL
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https://www.nasdaq.com/articles/brazilian-airline-gol-to-resume-flying-boeing-737-max-from-dec.-9-2020-12-07
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nan
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nan
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Adds background on 737 MAX approval, Gol's first flight route
Dec 7 (Reuters) - Brazil's Gol Linhas Aereas Inteligentes SA GOLL4.SA said on Monday it would resume flying Boeing Co's BA.N 737 MAX planes on commercial routes in its domestic network from Dec. 9.
Gol also said it expects all of the seven 737 MAX aircraft in its current fleet to be cleared to return fully to operation by the end of December.
The announcement comes less than a week after American Airlines Group Inc AAL.O staged the 737 MAX's first post-grounding flight with media on board, as carriers seek to demonstrate to passengers that the redesigned jet is safe after a 20-month safety ban.
The United States lifted the flight ban on the 737 MAX last month, with the U.S. Federal Aviation Administration outlining details of the software, system and training upgrades Boeing and airlines must complete before carrying passengers.
After the lifting of the ban, American Airlines had said it would return 737 MAX jets to passenger flights by the end of 2020, with a daily flight between Miami and New York City.
Boeing's best-selling jet was grounded in March 2019 after two crashes in five months killed a combined 346 people, marking the airline industry's worst safety crisis in decades.
Gol, Brazil's sole operator of the 737 MAX, said the first flights of the jet would be on routes to and from the company's hub in Sao Paulo.
(Reporting by Bhargav Acharya in Bengaluru; Editing by Aditya Soni)
((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.
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The announcement comes less than a week after American Airlines Group Inc AAL.O staged the 737 MAX's first post-grounding flight with media on board, as carriers seek to demonstrate to passengers that the redesigned jet is safe after a 20-month safety ban. The United States lifted the flight ban on the 737 MAX last month, with the U.S. Federal Aviation Administration outlining details of the software, system and training upgrades Boeing and airlines must complete before carrying passengers. Boeing's best-selling jet was grounded in March 2019 after two crashes in five months killed a combined 346 people, marking the airline industry's worst safety crisis in decades.
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The announcement comes less than a week after American Airlines Group Inc AAL.O staged the 737 MAX's first post-grounding flight with media on board, as carriers seek to demonstrate to passengers that the redesigned jet is safe after a 20-month safety ban. Adds background on 737 MAX approval, Gol's first flight route Dec 7 (Reuters) - Brazil's Gol Linhas Aereas Inteligentes SA GOLL4.SA said on Monday it would resume flying Boeing Co's BA.N 737 MAX planes on commercial routes in its domestic network from Dec. 9. The United States lifted the flight ban on the 737 MAX last month, with the U.S. Federal Aviation Administration outlining details of the software, system and training upgrades Boeing and airlines must complete before carrying passengers.
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The announcement comes less than a week after American Airlines Group Inc AAL.O staged the 737 MAX's first post-grounding flight with media on board, as carriers seek to demonstrate to passengers that the redesigned jet is safe after a 20-month safety ban. Adds background on 737 MAX approval, Gol's first flight route Dec 7 (Reuters) - Brazil's Gol Linhas Aereas Inteligentes SA GOLL4.SA said on Monday it would resume flying Boeing Co's BA.N 737 MAX planes on commercial routes in its domestic network from Dec. 9. After the lifting of the ban, American Airlines had said it would return 737 MAX jets to passenger flights by the end of 2020, with a daily flight between Miami and New York City.
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The announcement comes less than a week after American Airlines Group Inc AAL.O staged the 737 MAX's first post-grounding flight with media on board, as carriers seek to demonstrate to passengers that the redesigned jet is safe after a 20-month safety ban. Adds background on 737 MAX approval, Gol's first flight route Dec 7 (Reuters) - Brazil's Gol Linhas Aereas Inteligentes SA GOLL4.SA said on Monday it would resume flying Boeing Co's BA.N 737 MAX planes on commercial routes in its domestic network from Dec. 9. After the lifting of the ban, American Airlines had said it would return 737 MAX jets to passenger flights by the end of 2020, with a daily flight between Miami and New York City.
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7ef52f5b-e9f6-4621-ada7-ab4d38b5e0b7
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4931.0
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2020-12-07 00:00:00 UTC
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Botswana’s Morupule to boost coal output by 35% with new mine
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AAL
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https://www.nasdaq.com/articles/botswanas-morupule-to-boost-coal-output-by-35-with-new-mine-2020-12-07
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nan
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nan
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GABORONE, Dec 7 (Reuters) - State-owned Morupule Coal Mine (MCM) will boost annual output by 35% to 3.8 million tonnes a year in 2021 after completion of a new open-cast mine under construction in the central region of Botswana, it said on Monday.
Despite the country's estimated 212 billion tonnes of coal resources, MCM was its only operating coal mine until privately owned Minergy commissioned a new mine in 2019 with annual capacity of 1.2 million tonnes.
MCM currently produces 2.8 million tonnes annually from its underground operations, feeding two nearby power stations with some of the output being exported to South Africa, Namibia and Zimbabwe.
“Development of the open-cast operation commenced in September 2019 and the project is forecast to be commissioned towards end of 2021,” spokeswoman Boineelo Seitshiro said.
Botswana currently has national power demand of 600 megawatts (MW) but plans to double output in the next six years through solar and coal-fired power as the country looks to wean itself off imports while also eyeing power exports.
(Reporting by Brian Benza Editing by David Goodman)
((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters Messaging: tanisha.heiberg.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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GABORONE, Dec 7 (Reuters) - State-owned Morupule Coal Mine (MCM) will boost annual output by 35% to 3.8 million tonnes a year in 2021 after completion of a new open-cast mine under construction in the central region of Botswana, it said on Monday. MCM currently produces 2.8 million tonnes annually from its underground operations, feeding two nearby power stations with some of the output being exported to South Africa, Namibia and Zimbabwe. “Development of the open-cast operation commenced in September 2019 and the project is forecast to be commissioned towards end of 2021,” spokeswoman Boineelo Seitshiro said.
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GABORONE, Dec 7 (Reuters) - State-owned Morupule Coal Mine (MCM) will boost annual output by 35% to 3.8 million tonnes a year in 2021 after completion of a new open-cast mine under construction in the central region of Botswana, it said on Monday. Despite the country's estimated 212 billion tonnes of coal resources, MCM was its only operating coal mine until privately owned Minergy commissioned a new mine in 2019 with annual capacity of 1.2 million tonnes. MCM currently produces 2.8 million tonnes annually from its underground operations, feeding two nearby power stations with some of the output being exported to South Africa, Namibia and Zimbabwe.
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GABORONE, Dec 7 (Reuters) - State-owned Morupule Coal Mine (MCM) will boost annual output by 35% to 3.8 million tonnes a year in 2021 after completion of a new open-cast mine under construction in the central region of Botswana, it said on Monday. Despite the country's estimated 212 billion tonnes of coal resources, MCM was its only operating coal mine until privately owned Minergy commissioned a new mine in 2019 with annual capacity of 1.2 million tonnes. MCM currently produces 2.8 million tonnes annually from its underground operations, feeding two nearby power stations with some of the output being exported to South Africa, Namibia and Zimbabwe.
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GABORONE, Dec 7 (Reuters) - State-owned Morupule Coal Mine (MCM) will boost annual output by 35% to 3.8 million tonnes a year in 2021 after completion of a new open-cast mine under construction in the central region of Botswana, it said on Monday. Despite the country's estimated 212 billion tonnes of coal resources, MCM was its only operating coal mine until privately owned Minergy commissioned a new mine in 2019 with annual capacity of 1.2 million tonnes. MCM currently produces 2.8 million tonnes annually from its underground operations, feeding two nearby power stations with some of the output being exported to South Africa, Namibia and Zimbabwe.
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49d969fd-8555-47ed-b1c9-61ccd4586a6e
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4932.0
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2020-12-07 00:00:00 UTC
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2 Underperforming Stocks to Consider This Week
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AAL
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https://www.nasdaq.com/articles/2-underperforming-stocks-to-consider-this-week-2020-12-07
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nan
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O
ver the last few months, I have talked very little about the hardest-hit sectors and industries during the pandemic. The temptation after such a major disruption is always to look first at the hardest hit stocks. After all, if everything bounces back, they have further to go but I have largely left them alone...until now. In a week that will bring confirmation of good news on the vaccine front, there are two stocks that have underperformed in the recovery that can benefit.
The bounce-back theory depends on an assumption that at some point, everything will get back to normal, which is usually a reasonable thing to assume. You would think, for example, that 2007/8 would have killed the housing market after so many people lost so much, but it rebounded pretty quickly over the next few years.
This time, though, was different.
Things like airline and cruise line stocks were hit hard and stayed low as others recovered, and for a reason. Housing is a basic need for survival; air travel and cruises are entirely optional and there was a lot of doubt as to whether consumers would ever feel safe in those contexts again. It was feared that staying away from those businesses would prove to be sticky behavior.
As time has gone on, those doubts and fears have faded. If that were to be people’s long-term reaction, it would have shown in other ways. When bars were re-opened in some states, they would have been empty, and nobody would sit inside a restaurant even if they were allowed to. Instead, what we see is people going back to their old ways, even after it became clear that that resulted in a massive resurgence of Covid-19. Air travel numbers may have more than halved this Thanksgiving weekend as compared to last, but that still means that more than 9.4 million Americans boarded planes, even in the midst of dire warnings from health officials.
There seems to be an attitude among a large number of Americans that they won’t let this virus completely disrupt their lives. Maybe some have seen a family member or close friend test positive, only to exhibit mild symptoms, and figure that the benefits of natural immunity outweigh the risks of a bad reaction to the disease. Or maybe they are in the group that thinks the whole thing is made up or massively exaggerated, or they have chosen to carry on as if nothing had happened for some other selfish, illogical or even perfectly rational reason.
I often say here that, when trading, it is important to deal with what is, not what you think should be, and this is a case in point. Why people are still flying and why cruise bookings are taking off is not the point -- the fact is that they are. You may think that is a sign of the admirable courage and resilience of Americans, or their stupidity and selfishness.
Either way, you can still make money off it.
If you are going to do that, it makes sense to look at the laggards in the recovery so far. If your assumption is that things are going back to where they were, you might as well have as much upside on the trade, even if that means buying things with a higher degree of risk. So, an airline stock like American (AAL), which is still over forty-six percent below its high than something like Delta (DAL) that is off only around thirty percent.
In the cruise space, one of the hardest-hit and slowest to recover stocks, Carnival (CCL) also makes sense on the same basis, and for another reason. Carnival’s demographic skews younger than other cruise lines such as Royal Caribbean (RCL), and younger people are generally far more likely to resume normal activities than their older counterparts. If you doubt that, visit any college town.
And yet, CCL is still lagging RCL.
There are reasons for that, but remember, this trade is based on the fact that everything will return to normal, meaning that those reasons, things like stock dilution and balance sheet concerns, won’t be an issue before long.
This week looks likely to bring a lot of good news on the Covid vaccine front. The U.K. will begin distribution tomorrow and an Emergency Use Authorization for at least one vaccine here in the U.S. is imminent. In that environment, people will be looking for things to buy, even if there is a more generalized “buy the rumor, sell the fact" effect that takes indices lower. This is a time when the underperformance of the hardest-hit stocks will likely reverse, and things like AAL and CCL will be beneficiaries as they close the gap with other stocks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So, an airline stock like American (AAL), which is still over forty-six percent below its high than something like Delta (DAL) that is off only around thirty percent. This is a time when the underperformance of the hardest-hit stocks will likely reverse, and things like AAL and CCL will be beneficiaries as they close the gap with other stocks. Air travel numbers may have more than halved this Thanksgiving weekend as compared to last, but that still means that more than 9.4 million Americans boarded planes, even in the midst of dire warnings from health officials.
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So, an airline stock like American (AAL), which is still over forty-six percent below its high than something like Delta (DAL) that is off only around thirty percent. This is a time when the underperformance of the hardest-hit stocks will likely reverse, and things like AAL and CCL will be beneficiaries as they close the gap with other stocks. In a week that will bring confirmation of good news on the vaccine front, there are two stocks that have underperformed in the recovery that can benefit.
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This is a time when the underperformance of the hardest-hit stocks will likely reverse, and things like AAL and CCL will be beneficiaries as they close the gap with other stocks. So, an airline stock like American (AAL), which is still over forty-six percent below its high than something like Delta (DAL) that is off only around thirty percent. In the cruise space, one of the hardest-hit and slowest to recover stocks, Carnival (CCL) also makes sense on the same basis, and for another reason.
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This is a time when the underperformance of the hardest-hit stocks will likely reverse, and things like AAL and CCL will be beneficiaries as they close the gap with other stocks. So, an airline stock like American (AAL), which is still over forty-six percent below its high than something like Delta (DAL) that is off only around thirty percent. Things like airline and cruise line stocks were hit hard and stayed low as others recovered, and for a reason.
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9b77fe6d-0bf0-4dbc-a1c7-271075c023d8
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4933.0
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2020-12-07 00:00:00 UTC
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Is It Smart to Sell Airline Stocks as Cash Burn Forecasts Rise?
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AAL
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https://www.nasdaq.com/articles/is-it-smart-to-sell-airline-stocks-as-cash-burn-forecasts-rise-2020-12-07
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nan
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nan
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A surge in U.S. COVID-19 case numbers finally caught up to airlines last month, causing air travel demand to sag. With government officials in many parts of the country urging or mandating restrictions on travel, the end-of-year peak period is likely to be a bust, too. As a result, many airlines are backing off of their previous cash burn projections for the fourth quarter.
In recent days, two of the largest U.S. airlines -- American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) -- have done just that. Does this mean that it's time to sell these airline stocks? Let's take a look.
Image source: American Airlines.
The air travel recovery has stalled out again
On the Sunday after Thanksgiving, 1.18 million people passed through TSA checkpoints: the most for any day since mid-March. However, that TSA throughput figure still represented a 59% year-over-year decline. Moreover, throughput was up very modestly compared to mid-October, which is not a peak travel period.
In short, even a major holiday failed to spark a correspondingly large uptick in air travel. As we've moved past the Thanksgiving peak in recent days, demand has plummeted. On Dec. 4, just 753,951 people passed through TSA checkpoints: less than a third of the prior-year figure. Additionally, booking activity has been slowing (and cancellations increasing) for several weeks. If anything, that trend will worsen in the weeks ahead, as states and local governments implement new rules and guidelines to slow the spread of the coronavirus.
A setback for cash burn
When U.S. airlines announced their fourth-quarter outlooks in October, the latest wave of the pandemic had begun, but it hadn't impacted travel demand yet. At the time, most airline executives were cautiously optimistic that people were growing more comfortable with air travel during the pandemic. They therefore expected that demand would continue to improve gradually over the course of the quarter.
In light of the latest demand setback, many airlines realize that their initial Q4 cash burn forecasts were too optimistic. In a memo to employees on Thursday, Delta Air Lines CEO Ed Bastian noted that there had been a slowdown in demand and future bookings. As a result, the airline now expects average daily cash burn between $12 million and $14 million this quarter. Previously, Delta had projected that average daily cash burn would be between $10 million and $12 million.
On Friday, American Airlines acknowledged a similar slowdown in demand and future bookings in an SEC filing. The company also noted that fuel prices have increased since October. As a result, American said that average daily cash burn will likely come in near the high end of its previous guidance range of $25 million to $30 million during the fourth quarter.
Every airline calculates cash burn a bit differently. As a result, the cash burn figures shared by Delta and American aren't 100% comparable. But even on an apples-to-apples basis, American Airlines is burning far more cash than its rival, despite the two being similar in size.
Notwithstanding the increased projections for cash burn, shares of both airline stocks are trading at multi-month highs. Investors appear to be looking toward 2021, when a mass vaccination campaign could potentially end the pandemic, sparking a rebound in air travel demand.
American Airlines stock vs. Delta Air Lines stock 2020 performance, data by YCharts.
Two completely different situations
While American and Delta are seeing broadly similar demand trends, that doesn't mean these two airline stocks are equally good or bad investments. In fact, Delta Air Lines stock looks like it could have more upside, whereas American Airlines stock has probably risen too far.
For example, American Airlines' higher Q4 cash burn suggests that it won't reach cash breakeven as soon as Delta. Making matters worse, American Airlines has less liquidity than Delta (though still plenty to make it through the next year). It also has far more net debt -- nearly $40 billion, including pension and lease liabilities -- even after substantially diluting shareholders' interests through a series of equity issuances this year.
Every incremental dollar of cash that American Airlines burns will make it that much harder to recover, due to the company's crushing debt burden. (Alternatively, it will force the airline to dilute shareholders further with additional stock sales.) If business travel demand recovers slowly, as many airline executives expect, American could survive the pandemic but still run into financial distress a few years down the road as its debts start to come due. Thus, the recent rally looks like a great opportunity to sell American Airlines stock.
By contrast, Delta is on track to end 2020 with less than $20 billion of adjusted net debt, even though it hasn't issued any equity this year. That's a manageable amount to repay after the pandemic ends, even in a slow-recovery scenario. As a result, Delta Air Lines stock could continue moving back toward pre-pandemic levels as demand rebounds over the next few years.
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Adam Levine-Weinberg owns shares of Delta Air Lines. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent days, two of the largest U.S. airlines -- American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) -- have done just that. A setback for cash burn When U.S. airlines announced their fourth-quarter outlooks in October, the latest wave of the pandemic had begun, but it hadn't impacted travel demand yet. Two completely different situations While American and Delta are seeing broadly similar demand trends, that doesn't mean these two airline stocks are equally good or bad investments.
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In recent days, two of the largest U.S. airlines -- American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) -- have done just that. As a result, the airline now expects average daily cash burn between $12 million and $14 million this quarter. American Airlines stock vs. Delta Air Lines stock 2020 performance, data by YCharts.
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In recent days, two of the largest U.S. airlines -- American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) -- have done just that. American Airlines stock vs. Delta Air Lines stock 2020 performance, data by YCharts. In fact, Delta Air Lines stock looks like it could have more upside, whereas American Airlines stock has probably risen too far.
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In recent days, two of the largest U.S. airlines -- American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) -- have done just that. As a result, the cash burn figures shared by Delta and American aren't 100% comparable. Investors appear to be looking toward 2021, when a mass vaccination campaign could potentially end the pandemic, sparking a rebound in air travel demand.
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4934.0
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2020-12-07 00:00:00 UTC
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S.Africa's Amplats hikes output guidance after swift rebuilding work
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AAL
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https://www.nasdaq.com/articles/s.africas-amplats-hikes-output-guidance-after-swift-rebuilding-work-2020-12-07
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Adds detail, background, CEO quote
JOHANNESBURG, Dec 7 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J raised its 2020 refined output guidance after rebuilding the Phase A unit of its Anglo Converter Plant (ACP) processing site ahead of schedule.
The Johannesburg-listed miner, one of the world's largest platinum producers, said refined production for 2020 was expected to be 2.6 million to 2.7 million ounces, up from previous guidance of about 2.5 million ounces.
"We were able to procure and deliver long lead-time items to site six months ahead of schedule, despite the impact of COVID-19 on supply chains, enabling us to bring forward the rebuild to the end of 2020," Chief Executive Natascha Viljoen said, adding that rebuilding work had been completed.
The company had previously expected work to be completed in the second quarter of 2021.
The platinum miner said sales volumes would be 2.8 million ounces with the release of the work-in-progress inventory built up in 2020 expected to take up to 24 months.
The company completed repairs to the Phase B unit in June after a blast earlier in the year shut its processing facilities in Rustenburg, North West Province, and forced the miner to declared force majeure to suppliers of concentrate.
Repairs to the Phase B unit enabled the force majeure to be lifted, while the company completes repairs to the Phase A unit.
(Reporting by Tanisha Heiberg; Editing by Edmund Blair)
((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters Messaging: tanisha.heiberg.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds detail, background, CEO quote JOHANNESBURG, Dec 7 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J raised its 2020 refined output guidance after rebuilding the Phase A unit of its Anglo Converter Plant (ACP) processing site ahead of schedule. "We were able to procure and deliver long lead-time items to site six months ahead of schedule, despite the impact of COVID-19 on supply chains, enabling us to bring forward the rebuild to the end of 2020," Chief Executive Natascha Viljoen said, adding that rebuilding work had been completed. The platinum miner said sales volumes would be 2.8 million ounces with the release of the work-in-progress inventory built up in 2020 expected to take up to 24 months.
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Adds detail, background, CEO quote JOHANNESBURG, Dec 7 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J raised its 2020 refined output guidance after rebuilding the Phase A unit of its Anglo Converter Plant (ACP) processing site ahead of schedule. The Johannesburg-listed miner, one of the world's largest platinum producers, said refined production for 2020 was expected to be 2.6 million to 2.7 million ounces, up from previous guidance of about 2.5 million ounces. Repairs to the Phase B unit enabled the force majeure to be lifted, while the company completes repairs to the Phase A unit.
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Adds detail, background, CEO quote JOHANNESBURG, Dec 7 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J raised its 2020 refined output guidance after rebuilding the Phase A unit of its Anglo Converter Plant (ACP) processing site ahead of schedule. The Johannesburg-listed miner, one of the world's largest platinum producers, said refined production for 2020 was expected to be 2.6 million to 2.7 million ounces, up from previous guidance of about 2.5 million ounces. The company completed repairs to the Phase B unit in June after a blast earlier in the year shut its processing facilities in Rustenburg, North West Province, and forced the miner to declared force majeure to suppliers of concentrate.
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Adds detail, background, CEO quote JOHANNESBURG, Dec 7 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J raised its 2020 refined output guidance after rebuilding the Phase A unit of its Anglo Converter Plant (ACP) processing site ahead of schedule. The Johannesburg-listed miner, one of the world's largest platinum producers, said refined production for 2020 was expected to be 2.6 million to 2.7 million ounces, up from previous guidance of about 2.5 million ounces. "We were able to procure and deliver long lead-time items to site six months ahead of schedule, despite the impact of COVID-19 on supply chains, enabling us to bring forward the rebuild to the end of 2020," Chief Executive Natascha Viljoen said, adding that rebuilding work had been completed.
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84c77084-f8ff-4274-b41f-b6a14f63f3fd
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4935.0
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2020-12-04 00:00:00 UTC
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US STOCKS-Wall St set to open higher as grim jobs data fuels stimulus hopes
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-open-higher-as-grim-jobs-data-fuels-stimulus-hopes-2020-12-04
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By Shriya Ramakrishnan and Medha Singh
Dec 4 (Reuters) - Wall Street's main indexes were set to open near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets of a new fiscal stimulus package to help lift the economy from its worst downturn in decades.
Nonfarm payrolls increased by 245,000 last month after rising by 610,000 in October, the Labor Department said on Friday. That was the smallest gain since the jobs recovery started in May.
"For now, the job market recovery is over until the winter wave of COVID-19 is behind us," said James McDonald, CEO and chief investment officer of Hercules Investments, based in Los Angeles.
"Whether or not we see a double-dip recession in the U.S. depends on the interplay between the severity of the shutdowns and their impact on the economy over the winter and the size of potential stimulus from Congress and the Federal Reserve."
A $908 billion stimulus plan gained momentum in Congress on Thursday after a months-long standoff between Republicans and Democrats over aid for businesses and millions of people affected by virus-led shutdowns.
The two parties also face a Dec. 11 deadline to pass a $1.4 trillion budget or risk a shutdown of the government.
"The market is going to be focused on the progress that is being made on the aid package. We are getting very close... I wouldn't be surprised to see some sort of deal, as early as Monday," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
At 08:51 a.m. ET, Dow E-minis 1YMcv1 were up 124 points, or 0.41%, S&P 500 E-minis EScv1 were up 12.25 points, or 0.33%. Nasdaq 100 E-minis NQcv1 were up 23.5 points, or 0.19%.
Positive vaccine updates from major drugmakers have eased worried around grim economic data and a surge in infections, setting the Wall Street's main indexes for another week of gains after the benchmark S&P 500 .SPX clocked its best November.
The United States set single-day records for new infections and deaths on Thursday, with California's governor saying he would impose some of the nation's strictest stay-at-home orders in the coming days.
Growing confidence that a working COVID-19 vaccine would be administered before the end of the year pushed the hardest-hit airlines and tourism sectors higher.
Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2.4 and 4% in premarket trade.
Oil majors Occidental Petroleum Corp OXY.N and Chevron Corp CVX.N rose about 1.5% each premarket, boosted by a rise in crude prices as major producers agreed on a compromise on supply. O/R
Drugmaker Pfizer PFE.N dipped 0.4%, extending declines from the previous session when it flagged challenges in supply chain for raw materials used in its COVID-19 vaccine.
Pfizer's vaccine has already been approved by regulatory authorities in Britain, while the U.S. Food and Drug Administration is expected to take a decision after an advisory panel meeting on Dec. 10.
Ulta Beauty ULTA.O shed about 4% as the cosmetic retailer forecast holiday quarter comparable store sales to fall 12% to 14%.
(Reporting by Shriya Ramakrishnan and Medha Singh in Bengaluru; Editing by Shinjini Ganguli and Saumyadeb Chakrabarty)
((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842 ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2.4 and 4% in premarket trade. By Shriya Ramakrishnan and Medha Singh Dec 4 (Reuters) - Wall Street's main indexes were set to open near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets of a new fiscal stimulus package to help lift the economy from its worst downturn in decades. A $908 billion stimulus plan gained momentum in Congress on Thursday after a months-long standoff between Republicans and Democrats over aid for businesses and millions of people affected by virus-led shutdowns.
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Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2.4 and 4% in premarket trade. By Shriya Ramakrishnan and Medha Singh Dec 4 (Reuters) - Wall Street's main indexes were set to open near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets of a new fiscal stimulus package to help lift the economy from its worst downturn in decades. Positive vaccine updates from major drugmakers have eased worried around grim economic data and a surge in infections, setting the Wall Street's main indexes for another week of gains after the benchmark S&P 500 .SPX clocked its best November.
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Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2.4 and 4% in premarket trade. By Shriya Ramakrishnan and Medha Singh Dec 4 (Reuters) - Wall Street's main indexes were set to open near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets of a new fiscal stimulus package to help lift the economy from its worst downturn in decades. A $908 billion stimulus plan gained momentum in Congress on Thursday after a months-long standoff between Republicans and Democrats over aid for businesses and millions of people affected by virus-led shutdowns.
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Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2.4 and 4% in premarket trade. By Shriya Ramakrishnan and Medha Singh Dec 4 (Reuters) - Wall Street's main indexes were set to open near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets of a new fiscal stimulus package to help lift the economy from its worst downturn in decades. Nonfarm payrolls increased by 245,000 last month after rising by 610,000 in October, the Labor Department said on Friday.
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3f6c0b40-a1ba-403e-ae6d-725a3b2a4c43
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4936.0
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2020-12-04 00:00:00 UTC
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US STOCKS-Stimulus hopes power S&P 500 to record high
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AAL
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https://www.nasdaq.com/articles/us-stocks-stimulus-hopes-power-sp-500-to-record-high-2020-12-04
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nan
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nan
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By Shriya Ramakrishnan and Medha Singh
Dec 4 (Reuters) - The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades.
Ten of the 11 major S&P indexes traded higher, with the energy sector .SPNY leading gains, followed by financials .SPSY and the materials .SPLRCM sector.
Oil majors Occidental Petroleum Corp OXY.N and Chevron Corp CVX.N climbed about 1% each, boosted by a rise in crude prices, as major producers agreed on a compromise to continue the bulk of existing supply curbs. O/R
The Labor Department's closely watched report showed nonfarm payrolls increased by 245,000 jobs after rising by 610,000 in October. That was the smallest gain since the jobs recovery started in May.
Analysts said the dismal report could spur policymakers to push harder for a stimulus bill as more than 13 million people were due to lose their government-funded unemployment benefits on Dec. 26 without quick action by Congress.
"The bad news of the weakening jobs picture is potentially good news for investors because it means that the stimulus bill is much more likely to take place in a fairly short time frame," said Ryan Detrick, senior market strategist at LPL Financial in North Carolina.
At 09:59 a.m. ET, the Dow Jones Industrial Average .DJI rose 117.01 points, or 0.38%, to 30,082.62, the S&P 500 .SPX gained 15.62 points, or 0.43%, to 3,682.34 and the Nasdaq Composite .IXIC gained 43.74 points, or 0.35%, to 12,420.92.
A bipartisan $908 billion coronavirus aid plan gained momentum in the Congress on Thursday after a months-long standoff between Republicans and Democrats over the size of the potential package.
The two parties also face a Dec. 11 deadline to pass a $1.4 trillion budget or risk a shutdown of the government.
Positive vaccine updates from major drugmakers have eased worries around grim economic data and a surge in infections, setting Wall Street's main indexes for another week of gains after the benchmark S&P 500 .SPX clocked its best November.
The United States set single-day records for new infections and deaths on Thursday, with California's governor saying he would impose some of the nation's strictest stay-at-home orders in the coming days.
Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2% and 3%.
Advancing issues outnumbered decliners by 3.5-to-1 on the NYSE and by 2.6-to-1 on the Nasdaq.
The S&P 500 posted 19 new 52-week highs and no new lows while the Nasdaq recorded 156 new highs and five new lows.
(Reporting by Shriya Ramakrishnan and Medha Singh in Bengaluru; Editing by Saumyadeb Chakrabarty and Anil D'Silva)
((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842 ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2% and 3%. By Shriya Ramakrishnan and Medha Singh Dec 4 (Reuters) - The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. Analysts said the dismal report could spur policymakers to push harder for a stimulus bill as more than 13 million people were due to lose their government-funded unemployment benefits on Dec. 26 without quick action by Congress.
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Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2% and 3%. By Shriya Ramakrishnan and Medha Singh Dec 4 (Reuters) - The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. The S&P 500 posted 19 new 52-week highs and no new lows while the Nasdaq recorded 156 new highs and five new lows.
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Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2% and 3%. By Shriya Ramakrishnan and Medha Singh Dec 4 (Reuters) - The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. ET, the Dow Jones Industrial Average .DJI rose 117.01 points, or 0.38%, to 30,082.62, the S&P 500 .SPX gained 15.62 points, or 0.43%, to 3,682.34 and the Nasdaq Composite .IXIC gained 43.74 points, or 0.35%, to 12,420.92.
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Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2% and 3%. By Shriya Ramakrishnan and Medha Singh Dec 4 (Reuters) - The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. Ten of the 11 major S&P indexes traded higher, with the energy sector .SPNY leading gains, followed by financials .SPSY and the materials .SPLRCM sector.
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4937.0
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2020-12-04 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Activision Blizzard, big banks, oil stocks
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-activision-blizzard-big-banks-oil-stocks-2020-12-04
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes jumped to all-time highs on Friday as data showing the slowest jobs growth in six months reinforced investors expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. .N
At 12:38 p.m. ET, the Dow Jones Industrial Average .DJI was up 0.63% at 30,158.95. The S&P 500 .SPX was up 0.67% at 3,691.4 and the Nasdaq Composite .IXIC was up 0.59% at 12,449.858. The top three S&P 500 .PG.INX percentage gainers: ** Diamondback Energy Inc , up 10.3% ** Occidental Petroleum Corp , up 7.7% ** TechnipFMC PLC , up 7.4% The top three S&P 500 .PL.INX percentage losers: ** Sempra Energy , down 3% ** Ulta Beauty Inc , down 2.7% ** Boeing Co , down 2.5% The top three NYSE .PG.N percentage gainers: ** Star Peak Energy Transition Corp , up 44.2% ** Pagerduty Inc , up 24.7% ** Concord Medical Services , up 24.6% The top three NYSE .PL.N percentage losers: ** MicroSectors US Big Oil Index , down 17.6% ** Yext Inc , down 15.6% ** Tillys Inc , down 13% The top three Nasdaq .PG.O percentage gainers: ** Collective Growth Equity Warrants , up 147.6% ** China HGS Real Estate Inc , up 126.1% ** Luminar Technologies Equity Warrant , up 58.6% The top three Nasdaq .PL.O percentage losers: ** Ondas Holdings Inc , down 50.8% ** Ever-Glory International Group Inc , down 21.1% ** Kaixin Auto Holdings , down 19.1% ** DocuSign DOCU.O: up 6.3%
BUZZ-Rises on upbeat Q3 results, outlook
** PagerDuty PD.N: up 24.7%
BUZZ-Surges on upbeat annual forecast
** Sutro Biopharma STRO.O: up 35.4%
BUZZ-Up on positive data from early-stage cancer trial
** BioCryst BCRX.O: up 14.3%
BUZZ-Jumps after FDA approves swelling disorder treatment
** Cloudera Inc CLDR.N: up 9%
BUZZ-Rises on upbeat results, $500 mln share buyback plan
** EQT EQT.N: up 4.4%
BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities
** Sage Therapeutics SAGE.O: up 1.1%
** Biogen Inc BIIB.O: up 0.9%
BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal
** GameStop GME.N: up 6.7%
BUZZ-Rises as Wedbush hikes PT on new console launches
** Alibaba BABA.N: up 0.1%
** Sea SE.N: up 9.1%
BUZZ-Up on winning digital banking license from Singapore
** Genesco Inc GCO.N: up 3.4%
BUZZ-Rises on Q3 revenue, profit beat
** Cambium Networks CMBM.O: down 13.3%
BUZZ-Dips as top holder trims stake
** Yext Inc YEXT.N: down 15.6%
BUZZ-Slumps as Q4 sales outlook disappoints
** Cooper COO.N: up 0.6%
BUZZ-Slightly better Q4 but COVID-19 uncertainties remain
** American Airlines AAL.O: up 1.7%
** Spirit Airlines SAVE.N: up 3.8%
BUZZ-U.S. airlines rise as stimulus hopes build
** Ulta Beauty ULTA.O: down 2.8%
BUZZ-Down as holiday-quarter same-store sales view disappoints
** Domo Inc DOMO.O: up 19.0%
BUZZ-Jumps on strong Q3 results
** Ollie's Bargain Outlet OLLI.O: down 9.4%
BUZZ-Falls as brokerages cut PTs
** Luminar LAZR.O: up 37.6%
BUZZ-Gleams after impressive debut
** Carvana CVNA.N: up 4.5%
BUZZ-Rises as Jefferies starts with 'buy' on market share potential
** Tilly's TLYS.N: down 13.0%
BUZZ-Down as retailer sees lower holiday-quarter sales, profit
** Dish Network DISH.O: down 1.6%
BUZZ-Down as Guggenheim downgrades to 'neutral'
** Mind Technology Inc MIND.O: up 2.0%
BUZZ-Surges on Q3 revenue beat
** Sundial Growers SNDL.O: down 1.6%
BUZZ-Falls on filing new shelf registration for up to $200 mln
** Huazhu Group Ltd HTHT.O: down 0.8%
BUZZ-Falls on surprise Q3 loss
** Magenta Therapeutics MGTA.O: up 3.1%
BUZZ-Rises on collaboration for sickle cell disease therapy
** Cimarex Energy XEC.N: up 3.7%
BUZZ-Gains on announcement of quarterly dividend
** Eli Lilly LLY.N: up 2.8%
BUZZ-Rises on partnering with UnitedHealth for COVID-19 antibody trial
** Meten EdtechX Education METX.O: down 10.1%
BUZZ-Falls on lower Q3 revenue, loss
** Oshkosh OSK.N: up 3.2%
** Federal Signal FSS.N: up 6.3%
** Terex Corp TEX.N: up 3.3%
BUZZ-KeyBanc upgrades, shares gain
** Pioneer Power Solutions PPSI.O: up 49.8%
BUZZ-Surges after settlement with Myers Power
** Stitch Fix SFIX.O: down 3.5%
BUZZ-Stock move "too far too fast" - MKM Partners
** Boeing BA.N: down 2.5%
BUZZ-Down after cutting widebody production rate again
** Burning Rock Biotech BNR.O: down 4.0%
BUZZ-Falls on $58 mln discounted secondary offering
** Activision Blizzard ATVI.O: up 2.1%
BUZZ-Rises as "Call of Duty" tops $3 bln in net bookings
** Nutrien NTR.N: up 2.7%
BUZZ-Climbs as CFRA upgrades on bullish U.S. agriculture outlook
** Sigilon Therapeutics SGTX.O: up 32.8%
BUZZ-Jumps more than 22% in Nasdaq debut
** JPMorgan Chase & Co JPM.N: up 0.7%
** Bank of America BAC.N: up 0.8%
** Wells Fargo WFC.N: up 1.1%
** Goldman Sachs GS.N: up 1.4%
** Morgan Stanley MS.N: up 1.3%
BUZZ-U.S. big banks rise on stimulus hopes
** Exxon Mobil Corp XOM.N: up 2.4%
** Chevron Corp CVX.N: up 2.6%
** Diamondback Energy FANG.O: up 10.3%
** Halliburton Co HAL.N: up 6.0%
** Baker Hughes BKR.N: up 4.4%
** Phillips 66 PSX.N: up 5.6%
BUZZ-Oil stocks gain on OPEC+ supply compromise
** QCR Holdings QCRH.O: up 1.7%
BUZZ-Gains as brokerage raises PT on growth outlook
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.03%
Consumer Discretionary
.SPLRCD
up 0.04%
Consumer Staples
.SPLRCS
up 0.22%
Energy
.SPNY
up 3.89%
Financial
.SPSY
up 0.90%
Health
.SPXHC
up 0.67%
Industrial
.SPLRCI
up 1.00%
Information Technology
.SPLRCT
up 0.84%
Materials
.SPLRCM
up 1.58%
Real Estate
.SPLRCR
up 0.64%
Utilities
.SPLRCU
down 0.92%
(Compiled by Shreyasee Raj)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Diamondback Energy Inc , up 10.3% ** Occidental Petroleum Corp , up 7.7% ** TechnipFMC PLC , up 7.4% The top three S&P 500 .PL.INX percentage losers: ** Sempra Energy , down 3% ** Ulta Beauty Inc , down 2.7% ** Boeing Co , down 2.5% The top three NYSE .PG.N percentage gainers: ** Star Peak Energy Transition Corp , up 44.2% ** Pagerduty Inc , up 24.7% ** Concord Medical Services , up 24.6% The top three NYSE .PL.N percentage losers: ** MicroSectors US Big Oil Index , down 17.6% ** Yext Inc , down 15.6% ** Tillys Inc , down 13% The top three Nasdaq .PG.O percentage gainers: ** Collective Growth Equity Warrants , up 147.6% ** China HGS Real Estate Inc , up 126.1% ** Luminar Technologies Equity Warrant , up 58.6% The top three Nasdaq .PL.O percentage losers: ** Ondas Holdings Inc , down 50.8% ** Ever-Glory International Group Inc , down 21.1% ** Kaixin Auto Holdings , down 19.1% ** DocuSign DOCU.O: up 6.3% BUZZ-Rises on upbeat Q3 results, outlook ** PagerDuty PD.N: up 24.7% BUZZ-Surges on upbeat annual forecast ** Sutro Biopharma STRO.O: up 35.4% BUZZ-Up on positive data from early-stage cancer trial ** BioCryst BCRX.O: up 14.3% BUZZ-Jumps after FDA approves swelling disorder treatment ** Cloudera Inc CLDR.N: up 9% BUZZ-Rises on upbeat results, $500 mln share buyback plan ** EQT EQT.N: up 4.4% BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities ** Sage Therapeutics SAGE.O: up 1.1% ** Biogen Inc BIIB.O: up 0.9% BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal ** GameStop GME.N: up 6.7% BUZZ-Rises as Wedbush hikes PT on new console launches ** Alibaba BABA.N: up 0.1% ** Sea SE.N: up 9.1% BUZZ-Up on winning digital banking license from Singapore ** Genesco Inc GCO.N: up 3.4% BUZZ-Rises on Q3 revenue, profit beat ** Cambium Networks CMBM.O: down 13.3% BUZZ-Dips as top holder trims stake ** Yext Inc YEXT.N: down 15.6% BUZZ-Slumps as Q4 sales outlook disappoints ** Cooper COO.N: up 0.6% BUZZ-Slightly better Q4 but COVID-19 uncertainties remain ** American Airlines AAL.O: up 1.7% ** Spirit Airlines SAVE.N: up 3.8% BUZZ-U.S. airlines rise as stimulus hopes build ** Ulta Beauty ULTA.O: down 2.8% BUZZ-Down as holiday-quarter same-store sales view disappoints ** Domo Inc DOMO.O: up 19.0% BUZZ-Jumps on strong Q3 results ** Ollie's Bargain Outlet OLLI.O: down 9.4% BUZZ-Falls as brokerages cut PTs ** Luminar LAZR.O: up 37.6% BUZZ-Gleams after impressive debut ** Carvana CVNA.N: up 4.5% BUZZ-Rises as Jefferies starts with 'buy' on market share potential ** Tilly's TLYS.N: down 13.0% BUZZ-Down as retailer sees lower holiday-quarter sales, profit ** Dish Network DISH.O: down 1.6% BUZZ-Down as Guggenheim downgrades to 'neutral' ** Mind Technology Inc MIND.O: up 2.0% BUZZ-Surges on Q3 revenue beat ** Sundial Growers SNDL.O: down 1.6% BUZZ-Falls on filing new shelf registration for up to $200 mln ** Huazhu Group Ltd HTHT.O: down 0.8% BUZZ-Falls on surprise Q3 loss ** Magenta Therapeutics MGTA.O: up 3.1% BUZZ-Rises on collaboration for sickle cell disease therapy ** Cimarex Energy XEC.N: up 3.7% BUZZ-Gains on announcement of quarterly dividend ** Eli Lilly LLY.N: up 2.8% BUZZ-Rises on partnering with UnitedHealth for COVID-19 antibody trial ** Meten EdtechX Education METX.O: down 10.1% BUZZ-Falls on lower Q3 revenue, loss ** Oshkosh OSK.N: up 3.2% ** Federal Signal FSS.N: up 6.3% ** Terex Corp TEX.N: up 3.3% BUZZ-KeyBanc upgrades, shares gain ** Pioneer Power Solutions PPSI.O: up 49.8% BUZZ-Surges after settlement with Myers Power ** Stitch Fix SFIX.O: down 3.5% BUZZ-Stock move "too far too fast" - MKM Partners ** Boeing BA.N: down 2.5% BUZZ-Down after cutting widebody production rate again ** Burning Rock Biotech BNR.O: down 4.0% BUZZ-Falls on $58 mln discounted secondary offering ** Activision Blizzard ATVI.O: up 2.1% BUZZ-Rises as "Call of Duty" tops $3 bln in net bookings ** Nutrien NTR.N: up 2.7% BUZZ-Climbs as CFRA upgrades on bullish U.S. agriculture outlook ** Sigilon Therapeutics SGTX.O: up 32.8% BUZZ-Jumps more than 22% in Nasdaq debut ** JPMorgan Chase & Co JPM.N: up 0.7% ** Bank of America BAC.N: up 0.8% ** Wells Fargo WFC.N: up 1.1% ** Goldman Sachs GS.N: up 1.4% ** Morgan Stanley MS.N: up 1.3% BUZZ-U.S. big banks rise on stimulus hopes ** Exxon Mobil Corp XOM.N: up 2.4% ** Chevron Corp CVX.N: up 2.6% ** Diamondback Energy FANG.O: up 10.3% ** Halliburton Co HAL.N: up 6.0% ** Baker Hughes BKR.N: up 4.4% ** Phillips 66 PSX.N: up 5.6% BUZZ-Oil stocks gain on OPEC+ supply compromise ** QCR Holdings QCRH.O: up 1.7% BUZZ-Gains as brokerage raises PT on growth outlook The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes jumped to all-time highs on Friday as data showing the slowest jobs growth in six months reinforced investors expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. down 0.92% (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Diamondback Energy Inc , up 10.3% ** Occidental Petroleum Corp , up 7.7% ** TechnipFMC PLC , up 7.4% The top three S&P 500 .PL.INX percentage losers: ** Sempra Energy , down 3% ** Ulta Beauty Inc , down 2.7% ** Boeing Co , down 2.5% The top three NYSE .PG.N percentage gainers: ** Star Peak Energy Transition Corp , up 44.2% ** Pagerduty Inc , up 24.7% ** Concord Medical Services , up 24.6% The top three NYSE .PL.N percentage losers: ** MicroSectors US Big Oil Index , down 17.6% ** Yext Inc , down 15.6% ** Tillys Inc , down 13% The top three Nasdaq .PG.O percentage gainers: ** Collective Growth Equity Warrants , up 147.6% ** China HGS Real Estate Inc , up 126.1% ** Luminar Technologies Equity Warrant , up 58.6% The top three Nasdaq .PL.O percentage losers: ** Ondas Holdings Inc , down 50.8% ** Ever-Glory International Group Inc , down 21.1% ** Kaixin Auto Holdings , down 19.1% ** DocuSign DOCU.O: up 6.3% BUZZ-Rises on upbeat Q3 results, outlook ** PagerDuty PD.N: up 24.7% BUZZ-Surges on upbeat annual forecast ** Sutro Biopharma STRO.O: up 35.4% BUZZ-Up on positive data from early-stage cancer trial ** BioCryst BCRX.O: up 14.3% BUZZ-Jumps after FDA approves swelling disorder treatment ** Cloudera Inc CLDR.N: up 9% BUZZ-Rises on upbeat results, $500 mln share buyback plan ** EQT EQT.N: up 4.4% BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities ** Sage Therapeutics SAGE.O: up 1.1% ** Biogen Inc BIIB.O: up 0.9% BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal ** GameStop GME.N: up 6.7% BUZZ-Rises as Wedbush hikes PT on new console launches ** Alibaba BABA.N: up 0.1% ** Sea SE.N: up 9.1% BUZZ-Up on winning digital banking license from Singapore ** Genesco Inc GCO.N: up 3.4% BUZZ-Rises on Q3 revenue, profit beat ** Cambium Networks CMBM.O: down 13.3% BUZZ-Dips as top holder trims stake ** Yext Inc YEXT.N: down 15.6% BUZZ-Slumps as Q4 sales outlook disappoints ** Cooper COO.N: up 0.6% BUZZ-Slightly better Q4 but COVID-19 uncertainties remain ** American Airlines AAL.O: up 1.7% ** Spirit Airlines SAVE.N: up 3.8% BUZZ-U.S. airlines rise as stimulus hopes build ** Ulta Beauty ULTA.O: down 2.8% BUZZ-Down as holiday-quarter same-store sales view disappoints ** Domo Inc DOMO.O: up 19.0% BUZZ-Jumps on strong Q3 results ** Ollie's Bargain Outlet OLLI.O: down 9.4% BUZZ-Falls as brokerages cut PTs ** Luminar LAZR.O: up 37.6% BUZZ-Gleams after impressive debut ** Carvana CVNA.N: up 4.5% BUZZ-Rises as Jefferies starts with 'buy' on market share potential ** Tilly's TLYS.N: down 13.0% BUZZ-Down as retailer sees lower holiday-quarter sales, profit ** Dish Network DISH.O: down 1.6% BUZZ-Down as Guggenheim downgrades to 'neutral' ** Mind Technology Inc MIND.O: up 2.0% BUZZ-Surges on Q3 revenue beat ** Sundial Growers SNDL.O: down 1.6% BUZZ-Falls on filing new shelf registration for up to $200 mln ** Huazhu Group Ltd HTHT.O: down 0.8% BUZZ-Falls on surprise Q3 loss ** Magenta Therapeutics MGTA.O: up 3.1% BUZZ-Rises on collaboration for sickle cell disease therapy ** Cimarex Energy XEC.N: up 3.7% BUZZ-Gains on announcement of quarterly dividend ** Eli Lilly LLY.N: up 2.8% BUZZ-Rises on partnering with UnitedHealth for COVID-19 antibody trial ** Meten EdtechX Education METX.O: down 10.1% BUZZ-Falls on lower Q3 revenue, loss ** Oshkosh OSK.N: up 3.2% ** Federal Signal FSS.N: up 6.3% ** Terex Corp TEX.N: up 3.3% BUZZ-KeyBanc upgrades, shares gain ** Pioneer Power Solutions PPSI.O: up 49.8% BUZZ-Surges after settlement with Myers Power ** Stitch Fix SFIX.O: down 3.5% BUZZ-Stock move "too far too fast" - MKM Partners ** Boeing BA.N: down 2.5% BUZZ-Down after cutting widebody production rate again ** Burning Rock Biotech BNR.O: down 4.0% BUZZ-Falls on $58 mln discounted secondary offering ** Activision Blizzard ATVI.O: up 2.1% BUZZ-Rises as "Call of Duty" tops $3 bln in net bookings ** Nutrien NTR.N: up 2.7% BUZZ-Climbs as CFRA upgrades on bullish U.S. agriculture outlook ** Sigilon Therapeutics SGTX.O: up 32.8% BUZZ-Jumps more than 22% in Nasdaq debut ** JPMorgan Chase & Co JPM.N: up 0.7% ** Bank of America BAC.N: up 0.8% ** Wells Fargo WFC.N: up 1.1% ** Goldman Sachs GS.N: up 1.4% ** Morgan Stanley MS.N: up 1.3% BUZZ-U.S. big banks rise on stimulus hopes ** Exxon Mobil Corp XOM.N: up 2.4% ** Chevron Corp CVX.N: up 2.6% ** Diamondback Energy FANG.O: up 10.3% ** Halliburton Co HAL.N: up 6.0% ** Baker Hughes BKR.N: up 4.4% ** Phillips 66 PSX.N: up 5.6% BUZZ-Oil stocks gain on OPEC+ supply compromise ** QCR Holdings QCRH.O: up 1.7% BUZZ-Gains as brokerage raises PT on growth outlook The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes jumped to all-time highs on Friday as data showing the slowest jobs growth in six months reinforced investors expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. up 1.58% Real Estate
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The top three S&P 500 .PG.INX percentage gainers: ** Diamondback Energy Inc , up 10.3% ** Occidental Petroleum Corp , up 7.7% ** TechnipFMC PLC , up 7.4% The top three S&P 500 .PL.INX percentage losers: ** Sempra Energy , down 3% ** Ulta Beauty Inc , down 2.7% ** Boeing Co , down 2.5% The top three NYSE .PG.N percentage gainers: ** Star Peak Energy Transition Corp , up 44.2% ** Pagerduty Inc , up 24.7% ** Concord Medical Services , up 24.6% The top three NYSE .PL.N percentage losers: ** MicroSectors US Big Oil Index , down 17.6% ** Yext Inc , down 15.6% ** Tillys Inc , down 13% The top three Nasdaq .PG.O percentage gainers: ** Collective Growth Equity Warrants , up 147.6% ** China HGS Real Estate Inc , up 126.1% ** Luminar Technologies Equity Warrant , up 58.6% The top three Nasdaq .PL.O percentage losers: ** Ondas Holdings Inc , down 50.8% ** Ever-Glory International Group Inc , down 21.1% ** Kaixin Auto Holdings , down 19.1% ** DocuSign DOCU.O: up 6.3% BUZZ-Rises on upbeat Q3 results, outlook ** PagerDuty PD.N: up 24.7% BUZZ-Surges on upbeat annual forecast ** Sutro Biopharma STRO.O: up 35.4% BUZZ-Up on positive data from early-stage cancer trial ** BioCryst BCRX.O: up 14.3% BUZZ-Jumps after FDA approves swelling disorder treatment ** Cloudera Inc CLDR.N: up 9% BUZZ-Rises on upbeat results, $500 mln share buyback plan ** EQT EQT.N: up 4.4% BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities ** Sage Therapeutics SAGE.O: up 1.1% ** Biogen Inc BIIB.O: up 0.9% BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal ** GameStop GME.N: up 6.7% BUZZ-Rises as Wedbush hikes PT on new console launches ** Alibaba BABA.N: up 0.1% ** Sea SE.N: up 9.1% BUZZ-Up on winning digital banking license from Singapore ** Genesco Inc GCO.N: up 3.4% BUZZ-Rises on Q3 revenue, profit beat ** Cambium Networks CMBM.O: down 13.3% BUZZ-Dips as top holder trims stake ** Yext Inc YEXT.N: down 15.6% BUZZ-Slumps as Q4 sales outlook disappoints ** Cooper COO.N: up 0.6% BUZZ-Slightly better Q4 but COVID-19 uncertainties remain ** American Airlines AAL.O: up 1.7% ** Spirit Airlines SAVE.N: up 3.8% BUZZ-U.S. airlines rise as stimulus hopes build ** Ulta Beauty ULTA.O: down 2.8% BUZZ-Down as holiday-quarter same-store sales view disappoints ** Domo Inc DOMO.O: up 19.0% BUZZ-Jumps on strong Q3 results ** Ollie's Bargain Outlet OLLI.O: down 9.4% BUZZ-Falls as brokerages cut PTs ** Luminar LAZR.O: up 37.6% BUZZ-Gleams after impressive debut ** Carvana CVNA.N: up 4.5% BUZZ-Rises as Jefferies starts with 'buy' on market share potential ** Tilly's TLYS.N: down 13.0% BUZZ-Down as retailer sees lower holiday-quarter sales, profit ** Dish Network DISH.O: down 1.6% BUZZ-Down as Guggenheim downgrades to 'neutral' ** Mind Technology Inc MIND.O: up 2.0% BUZZ-Surges on Q3 revenue beat ** Sundial Growers SNDL.O: down 1.6% BUZZ-Falls on filing new shelf registration for up to $200 mln ** Huazhu Group Ltd HTHT.O: down 0.8% BUZZ-Falls on surprise Q3 loss ** Magenta Therapeutics MGTA.O: up 3.1% BUZZ-Rises on collaboration for sickle cell disease therapy ** Cimarex Energy XEC.N: up 3.7% BUZZ-Gains on announcement of quarterly dividend ** Eli Lilly LLY.N: up 2.8% BUZZ-Rises on partnering with UnitedHealth for COVID-19 antibody trial ** Meten EdtechX Education METX.O: down 10.1% BUZZ-Falls on lower Q3 revenue, loss ** Oshkosh OSK.N: up 3.2% ** Federal Signal FSS.N: up 6.3% ** Terex Corp TEX.N: up 3.3% BUZZ-KeyBanc upgrades, shares gain ** Pioneer Power Solutions PPSI.O: up 49.8% BUZZ-Surges after settlement with Myers Power ** Stitch Fix SFIX.O: down 3.5% BUZZ-Stock move "too far too fast" - MKM Partners ** Boeing BA.N: down 2.5% BUZZ-Down after cutting widebody production rate again ** Burning Rock Biotech BNR.O: down 4.0% BUZZ-Falls on $58 mln discounted secondary offering ** Activision Blizzard ATVI.O: up 2.1% BUZZ-Rises as "Call of Duty" tops $3 bln in net bookings ** Nutrien NTR.N: up 2.7% BUZZ-Climbs as CFRA upgrades on bullish U.S. agriculture outlook ** Sigilon Therapeutics SGTX.O: up 32.8% BUZZ-Jumps more than 22% in Nasdaq debut ** JPMorgan Chase & Co JPM.N: up 0.7% ** Bank of America BAC.N: up 0.8% ** Wells Fargo WFC.N: up 1.1% ** Goldman Sachs GS.N: up 1.4% ** Morgan Stanley MS.N: up 1.3% BUZZ-U.S. big banks rise on stimulus hopes ** Exxon Mobil Corp XOM.N: up 2.4% ** Chevron Corp CVX.N: up 2.6% ** Diamondback Energy FANG.O: up 10.3% ** Halliburton Co HAL.N: up 6.0% ** Baker Hughes BKR.N: up 4.4% ** Phillips 66 PSX.N: up 5.6% BUZZ-Oil stocks gain on OPEC+ supply compromise ** QCR Holdings QCRH.O: up 1.7% BUZZ-Gains as brokerage raises PT on growth outlook The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was up 0.63% at 30,158.95. up 0.03% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** Diamondback Energy Inc , up 10.3% ** Occidental Petroleum Corp , up 7.7% ** TechnipFMC PLC , up 7.4% The top three S&P 500 .PL.INX percentage losers: ** Sempra Energy , down 3% ** Ulta Beauty Inc , down 2.7% ** Boeing Co , down 2.5% The top three NYSE .PG.N percentage gainers: ** Star Peak Energy Transition Corp , up 44.2% ** Pagerduty Inc , up 24.7% ** Concord Medical Services , up 24.6% The top three NYSE .PL.N percentage losers: ** MicroSectors US Big Oil Index , down 17.6% ** Yext Inc , down 15.6% ** Tillys Inc , down 13% The top three Nasdaq .PG.O percentage gainers: ** Collective Growth Equity Warrants , up 147.6% ** China HGS Real Estate Inc , up 126.1% ** Luminar Technologies Equity Warrant , up 58.6% The top three Nasdaq .PL.O percentage losers: ** Ondas Holdings Inc , down 50.8% ** Ever-Glory International Group Inc , down 21.1% ** Kaixin Auto Holdings , down 19.1% ** DocuSign DOCU.O: up 6.3% BUZZ-Rises on upbeat Q3 results, outlook ** PagerDuty PD.N: up 24.7% BUZZ-Surges on upbeat annual forecast ** Sutro Biopharma STRO.O: up 35.4% BUZZ-Up on positive data from early-stage cancer trial ** BioCryst BCRX.O: up 14.3% BUZZ-Jumps after FDA approves swelling disorder treatment ** Cloudera Inc CLDR.N: up 9% BUZZ-Rises on upbeat results, $500 mln share buyback plan ** EQT EQT.N: up 4.4% BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities ** Sage Therapeutics SAGE.O: up 1.1% ** Biogen Inc BIIB.O: up 0.9% BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal ** GameStop GME.N: up 6.7% BUZZ-Rises as Wedbush hikes PT on new console launches ** Alibaba BABA.N: up 0.1% ** Sea SE.N: up 9.1% BUZZ-Up on winning digital banking license from Singapore ** Genesco Inc GCO.N: up 3.4% BUZZ-Rises on Q3 revenue, profit beat ** Cambium Networks CMBM.O: down 13.3% BUZZ-Dips as top holder trims stake ** Yext Inc YEXT.N: down 15.6% BUZZ-Slumps as Q4 sales outlook disappoints ** Cooper COO.N: up 0.6% BUZZ-Slightly better Q4 but COVID-19 uncertainties remain ** American Airlines AAL.O: up 1.7% ** Spirit Airlines SAVE.N: up 3.8% BUZZ-U.S. airlines rise as stimulus hopes build ** Ulta Beauty ULTA.O: down 2.8% BUZZ-Down as holiday-quarter same-store sales view disappoints ** Domo Inc DOMO.O: up 19.0% BUZZ-Jumps on strong Q3 results ** Ollie's Bargain Outlet OLLI.O: down 9.4% BUZZ-Falls as brokerages cut PTs ** Luminar LAZR.O: up 37.6% BUZZ-Gleams after impressive debut ** Carvana CVNA.N: up 4.5% BUZZ-Rises as Jefferies starts with 'buy' on market share potential ** Tilly's TLYS.N: down 13.0% BUZZ-Down as retailer sees lower holiday-quarter sales, profit ** Dish Network DISH.O: down 1.6% BUZZ-Down as Guggenheim downgrades to 'neutral' ** Mind Technology Inc MIND.O: up 2.0% BUZZ-Surges on Q3 revenue beat ** Sundial Growers SNDL.O: down 1.6% BUZZ-Falls on filing new shelf registration for up to $200 mln ** Huazhu Group Ltd HTHT.O: down 0.8% BUZZ-Falls on surprise Q3 loss ** Magenta Therapeutics MGTA.O: up 3.1% BUZZ-Rises on collaboration for sickle cell disease therapy ** Cimarex Energy XEC.N: up 3.7% BUZZ-Gains on announcement of quarterly dividend ** Eli Lilly LLY.N: up 2.8% BUZZ-Rises on partnering with UnitedHealth for COVID-19 antibody trial ** Meten EdtechX Education METX.O: down 10.1% BUZZ-Falls on lower Q3 revenue, loss ** Oshkosh OSK.N: up 3.2% ** Federal Signal FSS.N: up 6.3% ** Terex Corp TEX.N: up 3.3% BUZZ-KeyBanc upgrades, shares gain ** Pioneer Power Solutions PPSI.O: up 49.8% BUZZ-Surges after settlement with Myers Power ** Stitch Fix SFIX.O: down 3.5% BUZZ-Stock move "too far too fast" - MKM Partners ** Boeing BA.N: down 2.5% BUZZ-Down after cutting widebody production rate again ** Burning Rock Biotech BNR.O: down 4.0% BUZZ-Falls on $58 mln discounted secondary offering ** Activision Blizzard ATVI.O: up 2.1% BUZZ-Rises as "Call of Duty" tops $3 bln in net bookings ** Nutrien NTR.N: up 2.7% BUZZ-Climbs as CFRA upgrades on bullish U.S. agriculture outlook ** Sigilon Therapeutics SGTX.O: up 32.8% BUZZ-Jumps more than 22% in Nasdaq debut ** JPMorgan Chase & Co JPM.N: up 0.7% ** Bank of America BAC.N: up 0.8% ** Wells Fargo WFC.N: up 1.1% ** Goldman Sachs GS.N: up 1.4% ** Morgan Stanley MS.N: up 1.3% BUZZ-U.S. big banks rise on stimulus hopes ** Exxon Mobil Corp XOM.N: up 2.4% ** Chevron Corp CVX.N: up 2.6% ** Diamondback Energy FANG.O: up 10.3% ** Halliburton Co HAL.N: up 6.0% ** Baker Hughes BKR.N: up 4.4% ** Phillips 66 PSX.N: up 5.6% BUZZ-Oil stocks gain on OPEC+ supply compromise ** QCR Holdings QCRH.O: up 1.7% BUZZ-Gains as brokerage raises PT on growth outlook The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes jumped to all-time highs on Friday as data showing the slowest jobs growth in six months reinforced investors expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. ET, the Dow Jones Industrial Average .DJI was up 0.63% at 30,158.95.
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09038090-1117-484f-a098-e4cd18b138c3
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4938.0
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2020-12-04 00:00:00 UTC
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American Airlines Stock Is Soaring But Risky
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AAL
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https://www.nasdaq.com/articles/american-airlines-stock-is-soaring-but-risky-2020-12-04
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Airline stocks had an awesome day yesterday. American Airlines’ (NYSE:AAL) AAL stock rallied 8.3% in jubilation over nothing specific. Partly good news from vaccines and perhaps some more from Boeing’s (NYSE:BA) 737 Max model flying again.
Source: GagliardiPhotography / Shutterstock.com
My impression is that expectations of the recovery is getting aggressive. I say this as a person who is mostly bullish stocks. My priority is to spot potential pitfalls because job one for investors is to not lose money. AAL stock has now rallied 55% in under a month. Starting new longs here carries a lot of risk.
This by no means is me calling the top in airline stocks. My goal is to properly frame the potential ranges that are in play here. I want to profit from upside potential. For that to happen, I need to be realistic shorter term. We are now facing a new reality post-pandemic. Nothing like this has happened in our lifetimes so it’s a bit of a mystery. For sure we will have a new normal going forward.
With that context, the new world will definitely not be the same for airlines. First, they will have fewer travelers because businesses and people found convenient alternatives. Corporations are saving fortunes from less travel as they turn to Zoom (NASDAQ:ZM) for meetings. It’s too convenient to meet online to let that go, even post Covid-19. These habits will linger.
Secondly, the new normal will include extra costs for the airlines, like maintaining hygienic cabins. The point is, there are many unknowns that investors will face.
The Good News for AAL Stock
American Airlines just survived the toughest test ever so they are already champions in my book. Things could not have gotten much harder for airline stocks when the world went into quarantine. American airlines stock lost 75% of its value in a blink.
7 Cheap Stocks to Buy for 2021 That Deserve Recognition
Things are better now, but not by much. That’s part of today’s cautionary tale. I was optimistic on AAL stock back in March when markets were crashing. Since then they cleared many massive hurdles. They even looked past being competitors and considered consolidating flights among airlines.
These are tests that are not likely to repeat anytime soon. Management scrambled to raise cash so that they don’t go out of business and hunkered down to survive.
U.S. Airline traffic is still down 70% to last year based on the TSA daily screening. This is a depressing figure but it also shows the potential that lies ahead.
Click to Enlarge
Source: Chart Data from TSA Official Website
Social distancing will eventually fade because we are mobile and social creatures. We won’t sit still for too long and eventually we will want to move about the world again. We may not go back to 100% traffic, but there is still plenty of upside to go.
There Are Tough Spots Ahead of American Airlines Stock
Source: Charts by TradingView
Investors are celebrating vaccine headlines from Pfizer (NYSE:PFE) and Moderna (NASDAQ:MRNA), to name two frontrunners. That is not normal price action so there might be hiccups ahead. AAL stock is heading into a prior failure zones so there should be sellers lurking there.
This is not a hard line in the sand because the June rally was furious and left many lines of contention. I expect resistance at $17, $18.40, and definitely at $20 per share.
For a short-term trade, I would book profits if I had them. From a long-term perspective, the better entry spots are on a pullback towards $14. That should now be support going forward. Healthy rallies need the bulls to rest to build a better base. Otherwise they become very frothy and susceptible to crashes like in June. I would much rather have small corrections for the sake of avoiding giant ones.
The message from the medical community is clear: The vaccines are near and they will be very effective. Now it becomes a matter of dispensing them to the world. Wall Street has a habit of pricing things ahead of time. This is somewhat of a concern that they’ve already built much of it into the AAL stock price.
Buy the Dip If and When It Comes
To summarize today’s message, I would say that the bulls are in charge. They deserve a rest if not even a small drop. This would shake out weak hands and build a better base of investors. This is necessary because the resistance above is going to be difficult to overcome.
There is also outside risk from the indices. They are setting records in spite of no real evidence of actual improvements. If they correct they will drag AAL stock with it. I don’t expect a complete debacle like what happened in March, but there is a risk. If and when it comes I will be buying the dip.
Politicians are finally serious about dispensing another round of stimulus. The FED is also committed to its QE infinity. The only variable here is sentiment and it’s very fickle. That’s the only cause for crashes and spikes these days. Wall Street investors are now in the habit of buying and selling on knee jerk reactions.
I know the tone of this write-up is negative but it’s not my intention. I believe in the recovery process, but not as one to be exponential from here. The bulls will be more successful if they temper their enthusiasm along the way.
On the date of publication, Nicolas Chahine did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Nicolas Chahine is the managing director of SellSpreads.com.
The post American Airlines Stock Is Soaring But Risky appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Good News for AAL Stock American Airlines just survived the toughest test ever so they are already champions in my book. American Airlines’ (NYSE:AAL) AAL stock rallied 8.3% in jubilation over nothing specific. AAL stock has now rallied 55% in under a month.
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American Airlines’ (NYSE:AAL) AAL stock rallied 8.3% in jubilation over nothing specific. AAL stock has now rallied 55% in under a month. The Good News for AAL Stock American Airlines just survived the toughest test ever so they are already champions in my book.
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American Airlines’ (NYSE:AAL) AAL stock rallied 8.3% in jubilation over nothing specific. AAL stock has now rallied 55% in under a month. The Good News for AAL Stock American Airlines just survived the toughest test ever so they are already champions in my book.
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The Good News for AAL Stock American Airlines just survived the toughest test ever so they are already champions in my book. American Airlines’ (NYSE:AAL) AAL stock rallied 8.3% in jubilation over nothing specific. AAL stock has now rallied 55% in under a month.
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50099281-cb2d-4bee-96f9-e8fa0b7e2953
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4939.0
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2020-12-04 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Eli Lilly, Boeing, Sundial Growers, Meten EdtechX
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-eli-lilly-boeing-sundial-growers-meten-edtechx-2020-12-04
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. .N
At 10:47 ET, the Dow Jones Industrial Average .DJI was up 0.53% at 30,127.32. The S&P 500 .SPX was up 0.67% at 3,691.36 and the Nasdaq Composite .IXIC was up 0.47% at 12,435.626. The top three S&P 500 .PG.INX percentage gainers: ** Diamondback Energy Inc , up 10.2% ** Occidental Petroleum Corp , up 9.3% ** Phillips 66 , up 6.5% The top three S&P 500 .PL.INX percentage losers: ** Royal Carribean Cruises Ltd , down 4.1% ** Ulta Beauty Inc , down 3.4% ** L Brands Inc , down 2.5% The top three NYSE .PG.N percentage gainers: ** Star Peak Energy Transition Corp , up 35.7% ** Callon Petroleum Co , up 23% ** PagerDuty Inc , up 20.8% The top three NYSE .PL.N percentage losers: ** MicroSectors US Big Oil Index , down 17.1% ** Yext Inc , down 16% ** Direxion Daily , down 13.1% The top three Nasdaq .PG.O percentage gainers: ** China HGS Real Estate Inc , up 158.5% ** Collective Growth Equity Warrants , up 134.3% ** Pioneer Power Solutions Inc , up 51% The top three Nasdaq .PL.O percentage losers: ** Ondas Holdings Inc , down 50.2% ** Lizhi Inc , down 18% ** Precision BioSciences Inc , down 17.3% ** DocuSign DOCU.O: up 7.7%
BUZZ-Rises on upbeat Q3 results, outlook
** PagerDuty PD.N: up 20.8%
BUZZ-Surges on upbeat annual forecast
** Sutro Biopharma STRO.O: up 33.8%
BUZZ-Up on positive data from early-stage cancer trial
** BioCryst BCRX.O: up 16.2%
BUZZ-Jumps after FDA approves swelling disorder treatment
** Cloudera Inc CLDR.N: up 8.9%
BUZZ-Rises on upbeat results, $500 mln share buyback plan
** EQT EQT.N: up 5.7%
** Cabot Oil & Gas COG.N: up 1.1%
BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities
** Sage Therapeutics SAGE.O: up 3.8%
** Biogen Inc BIIB.O: up 1.0%
BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal
** GameStop GME.N: up 4.8%
BUZZ-Rises as Wedbush hikes PT on new console launches
** Alibaba BABA.N: up 0.2%
** Sea SE.N: up 8.9%
BUZZ-Up on winning digital banking license from Singapore
** Cambium Networks CMBM.O: down 14.4%
BUZZ-Dips as top holder trims stake
** Yext Inc YEXT.N: down 16.0%
BUZZ-Slumps as Q4 sales outlook disappoints
** Cooper COO.N: down 0.3%
BUZZ-Slightly better Q4 but COVID-19 uncertainties remain
** American Airlines AAL.O: up 1.1%
** Spirit Airlines SAVE.N: up 1.7%
BUZZ-U.S. airlines rise as stimulus hopes build
** Ulta Beauty ULTA.O: down 3.4%
BUZZ-Down as holiday-quarter same-store sales view disappoints
** Domo Inc DOMO.O: up 14.9%
BUZZ-Jumps on strong Q3 results
** Ollie's Bargain Outlet OLLI.O: down 9.8%
BUZZ-Falls as brokerages cut PTs
** Luminar LAZR.O: up 34.1%
BUZZ-Gleams after impressive debut
** Carvana CVNA.N: up 3.1%
BUZZ-Rises as Jefferies starts with 'buy' on market share potential
** Tilly's TLYS.N: down 12.8%
BUZZ-Down as retailer sees lower holiday-quarter sales, profit
** Dish Network DISH.O: down 0.6%
BUZZ-Down as Guggenheim downgrades to 'neutral'
** Mind Technology Inc MIND.O: up 7.1%
BUZZ-Surges on Q3 revenue beat
** Sundial Growers SNDL.O: down 7.9%
BUZZ-Falls on filing new shelf registration for up to $200 mln
** Huazhu Group Ltd HTHT.O: down 1.4%
BUZZ-Falls on surprise Q3 loss
** Magenta Therapeutics MGTA.O: up 2.2%
BUZZ-Rises on collaboration for sickle cell disease therapy
** Cimarex Energy XEC.N: up 3.7%
BUZZ-Gains on announcement of quarterly dividend
** Eli Lilly LLY.N: up 2.7%
BUZZ-Rises on partnering with UnitedHealth for COVID-19 antibody trial
** Meten EdtechX Education METX.O: down 10.7%
BUZZ-Falls on lower Q3 revenue, loss
** Oshkosh OSK.N: up 3.6%
** Federal Signal FSS.N: up 5.9%
** Terex Corp TEX.N: up 2.1%
BUZZ-KeyBanc upgrades, shares gain
** Pioneer Power Solutions PPSI.O: up 51.0%
BUZZ-Surges after settlement with Myers Power
** Stitch Fix SFIX.O: down 3.0%
BUZZ-Stock move "too far too fast" - MKM Partners
** Boeing BA.N: down 1.3%
BUZZ-Down after cutting widebody production rate again
** Burning Rock Biotech BNR.O: down 4.0%
BUZZ-Falls on $58 mln discounted secondary offering
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.24%
Consumer Discretionary
.SPLRCD
down 0.05%
Consumer Staples
.SPLRCS
up 0.26%
Energy
.SPNY
up 4.21%
Financial
.SPSY
up 1.03%
Health
.SPXHC
up 0.67%
Industrial
.SPLRCI
up 1.10%
Information Technology
.SPLRCT
up 0.63%
Materials
.SPLRCM
up 1.37%
Real Estate
.SPLRCR
up 1.07%
Utilities
.SPLRCU
up 0.03%
(Compiled by Shreyasee Raj)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Diamondback Energy Inc , up 10.2% ** Occidental Petroleum Corp , up 9.3% ** Phillips 66 , up 6.5% The top three S&P 500 .PL.INX percentage losers: ** Royal Carribean Cruises Ltd , down 4.1% ** Ulta Beauty Inc , down 3.4% ** L Brands Inc , down 2.5% The top three NYSE .PG.N percentage gainers: ** Star Peak Energy Transition Corp , up 35.7% ** Callon Petroleum Co , up 23% ** PagerDuty Inc , up 20.8% The top three NYSE .PL.N percentage losers: ** MicroSectors US Big Oil Index , down 17.1% ** Yext Inc , down 16% ** Direxion Daily , down 13.1% The top three Nasdaq .PG.O percentage gainers: ** China HGS Real Estate Inc , up 158.5% ** Collective Growth Equity Warrants , up 134.3% ** Pioneer Power Solutions Inc , up 51% The top three Nasdaq .PL.O percentage losers: ** Ondas Holdings Inc , down 50.2% ** Lizhi Inc , down 18% ** Precision BioSciences Inc , down 17.3% ** DocuSign DOCU.O: up 7.7% BUZZ-Rises on upbeat Q3 results, outlook ** PagerDuty PD.N: up 20.8% BUZZ-Surges on upbeat annual forecast ** Sutro Biopharma STRO.O: up 33.8% BUZZ-Up on positive data from early-stage cancer trial ** BioCryst BCRX.O: up 16.2% BUZZ-Jumps after FDA approves swelling disorder treatment ** Cloudera Inc CLDR.N: up 8.9% BUZZ-Rises on upbeat results, $500 mln share buyback plan ** EQT EQT.N: up 5.7% ** Cabot Oil & Gas COG.N: up 1.1% BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities ** Sage Therapeutics SAGE.O: up 3.8% ** Biogen Inc BIIB.O: up 1.0% BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal ** GameStop GME.N: up 4.8% BUZZ-Rises as Wedbush hikes PT on new console launches ** Alibaba BABA.N: up 0.2% ** Sea SE.N: up 8.9% BUZZ-Up on winning digital banking license from Singapore ** Cambium Networks CMBM.O: down 14.4% BUZZ-Dips as top holder trims stake ** Yext Inc YEXT.N: down 16.0% BUZZ-Slumps as Q4 sales outlook disappoints ** Cooper COO.N: down 0.3% BUZZ-Slightly better Q4 but COVID-19 uncertainties remain ** American Airlines AAL.O: up 1.1% ** Spirit Airlines SAVE.N: up 1.7% BUZZ-U.S. airlines rise as stimulus hopes build ** Ulta Beauty ULTA.O: down 3.4% BUZZ-Down as holiday-quarter same-store sales view disappoints ** Domo Inc DOMO.O: up 14.9% BUZZ-Jumps on strong Q3 results ** Ollie's Bargain Outlet OLLI.O: down 9.8% BUZZ-Falls as brokerages cut PTs ** Luminar LAZR.O: up 34.1% BUZZ-Gleams after impressive debut ** Carvana CVNA.N: up 3.1% BUZZ-Rises as Jefferies starts with 'buy' on market share potential ** Tilly's TLYS.N: down 12.8% BUZZ-Down as retailer sees lower holiday-quarter sales, profit ** Dish Network DISH.O: down 0.6% BUZZ-Down as Guggenheim downgrades to 'neutral' ** Mind Technology Inc MIND.O: up 7.1% BUZZ-Surges on Q3 revenue beat ** Sundial Growers SNDL.O: down 7.9% BUZZ-Falls on filing new shelf registration for up to $200 mln ** Huazhu Group Ltd HTHT.O: down 1.4% BUZZ-Falls on surprise Q3 loss ** Magenta Therapeutics MGTA.O: up 2.2% BUZZ-Rises on collaboration for sickle cell disease therapy ** Cimarex Energy XEC.N: up 3.7% BUZZ-Gains on announcement of quarterly dividend ** Eli Lilly LLY.N: up 2.7% BUZZ-Rises on partnering with UnitedHealth for COVID-19 antibody trial ** Meten EdtechX Education METX.O: down 10.7% BUZZ-Falls on lower Q3 revenue, loss ** Oshkosh OSK.N: up 3.6% ** Federal Signal FSS.N: up 5.9% ** Terex Corp TEX.N: up 2.1% BUZZ-KeyBanc upgrades, shares gain ** Pioneer Power Solutions PPSI.O: up 51.0% BUZZ-Surges after settlement with Myers Power ** Stitch Fix SFIX.O: down 3.0% BUZZ-Stock move "too far too fast" - MKM Partners ** Boeing BA.N: down 1.3% BUZZ-Down after cutting widebody production rate again ** Burning Rock Biotech BNR.O: down 4.0% BUZZ-Falls on $58 mln discounted secondary offering The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. up 0.03% (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Diamondback Energy Inc , up 10.2% ** Occidental Petroleum Corp , up 9.3% ** Phillips 66 , up 6.5% The top three S&P 500 .PL.INX percentage losers: ** Royal Carribean Cruises Ltd , down 4.1% ** Ulta Beauty Inc , down 3.4% ** L Brands Inc , down 2.5% The top three NYSE .PG.N percentage gainers: ** Star Peak Energy Transition Corp , up 35.7% ** Callon Petroleum Co , up 23% ** PagerDuty Inc , up 20.8% The top three NYSE .PL.N percentage losers: ** MicroSectors US Big Oil Index , down 17.1% ** Yext Inc , down 16% ** Direxion Daily , down 13.1% The top three Nasdaq .PG.O percentage gainers: ** China HGS Real Estate Inc , up 158.5% ** Collective Growth Equity Warrants , up 134.3% ** Pioneer Power Solutions Inc , up 51% The top three Nasdaq .PL.O percentage losers: ** Ondas Holdings Inc , down 50.2% ** Lizhi Inc , down 18% ** Precision BioSciences Inc , down 17.3% ** DocuSign DOCU.O: up 7.7% BUZZ-Rises on upbeat Q3 results, outlook ** PagerDuty PD.N: up 20.8% BUZZ-Surges on upbeat annual forecast ** Sutro Biopharma STRO.O: up 33.8% BUZZ-Up on positive data from early-stage cancer trial ** BioCryst BCRX.O: up 16.2% BUZZ-Jumps after FDA approves swelling disorder treatment ** Cloudera Inc CLDR.N: up 8.9% BUZZ-Rises on upbeat results, $500 mln share buyback plan ** EQT EQT.N: up 5.7% ** Cabot Oil & Gas COG.N: up 1.1% BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities ** Sage Therapeutics SAGE.O: up 3.8% ** Biogen Inc BIIB.O: up 1.0% BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal ** GameStop GME.N: up 4.8% BUZZ-Rises as Wedbush hikes PT on new console launches ** Alibaba BABA.N: up 0.2% ** Sea SE.N: up 8.9% BUZZ-Up on winning digital banking license from Singapore ** Cambium Networks CMBM.O: down 14.4% BUZZ-Dips as top holder trims stake ** Yext Inc YEXT.N: down 16.0% BUZZ-Slumps as Q4 sales outlook disappoints ** Cooper COO.N: down 0.3% BUZZ-Slightly better Q4 but COVID-19 uncertainties remain ** American Airlines AAL.O: up 1.1% ** Spirit Airlines SAVE.N: up 1.7% BUZZ-U.S. airlines rise as stimulus hopes build ** Ulta Beauty ULTA.O: down 3.4% BUZZ-Down as holiday-quarter same-store sales view disappoints ** Domo Inc DOMO.O: up 14.9% BUZZ-Jumps on strong Q3 results ** Ollie's Bargain Outlet OLLI.O: down 9.8% BUZZ-Falls as brokerages cut PTs ** Luminar LAZR.O: up 34.1% BUZZ-Gleams after impressive debut ** Carvana CVNA.N: up 3.1% BUZZ-Rises as Jefferies starts with 'buy' on market share potential ** Tilly's TLYS.N: down 12.8% BUZZ-Down as retailer sees lower holiday-quarter sales, profit ** Dish Network DISH.O: down 0.6% BUZZ-Down as Guggenheim downgrades to 'neutral' ** Mind Technology Inc MIND.O: up 7.1% BUZZ-Surges on Q3 revenue beat ** Sundial Growers SNDL.O: down 7.9% BUZZ-Falls on filing new shelf registration for up to $200 mln ** Huazhu Group Ltd HTHT.O: down 1.4% BUZZ-Falls on surprise Q3 loss ** Magenta Therapeutics MGTA.O: up 2.2% BUZZ-Rises on collaboration for sickle cell disease therapy ** Cimarex Energy XEC.N: up 3.7% BUZZ-Gains on announcement of quarterly dividend ** Eli Lilly LLY.N: up 2.7% BUZZ-Rises on partnering with UnitedHealth for COVID-19 antibody trial ** Meten EdtechX Education METX.O: down 10.7% BUZZ-Falls on lower Q3 revenue, loss ** Oshkosh OSK.N: up 3.6% ** Federal Signal FSS.N: up 5.9% ** Terex Corp TEX.N: up 2.1% BUZZ-KeyBanc upgrades, shares gain ** Pioneer Power Solutions PPSI.O: up 51.0% BUZZ-Surges after settlement with Myers Power ** Stitch Fix SFIX.O: down 3.0% BUZZ-Stock move "too far too fast" - MKM Partners ** Boeing BA.N: down 1.3% BUZZ-Down after cutting widebody production rate again ** Burning Rock Biotech BNR.O: down 4.0% BUZZ-Falls on $58 mln discounted secondary offering The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. up 1.37% Real Estate
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The top three S&P 500 .PG.INX percentage gainers: ** Diamondback Energy Inc , up 10.2% ** Occidental Petroleum Corp , up 9.3% ** Phillips 66 , up 6.5% The top three S&P 500 .PL.INX percentage losers: ** Royal Carribean Cruises Ltd , down 4.1% ** Ulta Beauty Inc , down 3.4% ** L Brands Inc , down 2.5% The top three NYSE .PG.N percentage gainers: ** Star Peak Energy Transition Corp , up 35.7% ** Callon Petroleum Co , up 23% ** PagerDuty Inc , up 20.8% The top three NYSE .PL.N percentage losers: ** MicroSectors US Big Oil Index , down 17.1% ** Yext Inc , down 16% ** Direxion Daily , down 13.1% The top three Nasdaq .PG.O percentage gainers: ** China HGS Real Estate Inc , up 158.5% ** Collective Growth Equity Warrants , up 134.3% ** Pioneer Power Solutions Inc , up 51% The top three Nasdaq .PL.O percentage losers: ** Ondas Holdings Inc , down 50.2% ** Lizhi Inc , down 18% ** Precision BioSciences Inc , down 17.3% ** DocuSign DOCU.O: up 7.7% BUZZ-Rises on upbeat Q3 results, outlook ** PagerDuty PD.N: up 20.8% BUZZ-Surges on upbeat annual forecast ** Sutro Biopharma STRO.O: up 33.8% BUZZ-Up on positive data from early-stage cancer trial ** BioCryst BCRX.O: up 16.2% BUZZ-Jumps after FDA approves swelling disorder treatment ** Cloudera Inc CLDR.N: up 8.9% BUZZ-Rises on upbeat results, $500 mln share buyback plan ** EQT EQT.N: up 5.7% ** Cabot Oil & Gas COG.N: up 1.1% BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities ** Sage Therapeutics SAGE.O: up 3.8% ** Biogen Inc BIIB.O: up 1.0% BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal ** GameStop GME.N: up 4.8% BUZZ-Rises as Wedbush hikes PT on new console launches ** Alibaba BABA.N: up 0.2% ** Sea SE.N: up 8.9% BUZZ-Up on winning digital banking license from Singapore ** Cambium Networks CMBM.O: down 14.4% BUZZ-Dips as top holder trims stake ** Yext Inc YEXT.N: down 16.0% BUZZ-Slumps as Q4 sales outlook disappoints ** Cooper COO.N: down 0.3% BUZZ-Slightly better Q4 but COVID-19 uncertainties remain ** American Airlines AAL.O: up 1.1% ** Spirit Airlines SAVE.N: up 1.7% BUZZ-U.S. airlines rise as stimulus hopes build ** Ulta Beauty ULTA.O: down 3.4% BUZZ-Down as holiday-quarter same-store sales view disappoints ** Domo Inc DOMO.O: up 14.9% BUZZ-Jumps on strong Q3 results ** Ollie's Bargain Outlet OLLI.O: down 9.8% BUZZ-Falls as brokerages cut PTs ** Luminar LAZR.O: up 34.1% BUZZ-Gleams after impressive debut ** Carvana CVNA.N: up 3.1% BUZZ-Rises as Jefferies starts with 'buy' on market share potential ** Tilly's TLYS.N: down 12.8% BUZZ-Down as retailer sees lower holiday-quarter sales, profit ** Dish Network DISH.O: down 0.6% BUZZ-Down as Guggenheim downgrades to 'neutral' ** Mind Technology Inc MIND.O: up 7.1% BUZZ-Surges on Q3 revenue beat ** Sundial Growers SNDL.O: down 7.9% BUZZ-Falls on filing new shelf registration for up to $200 mln ** Huazhu Group Ltd HTHT.O: down 1.4% BUZZ-Falls on surprise Q3 loss ** Magenta Therapeutics MGTA.O: up 2.2% BUZZ-Rises on collaboration for sickle cell disease therapy ** Cimarex Energy XEC.N: up 3.7% BUZZ-Gains on announcement of quarterly dividend ** Eli Lilly LLY.N: up 2.7% BUZZ-Rises on partnering with UnitedHealth for COVID-19 antibody trial ** Meten EdtechX Education METX.O: down 10.7% BUZZ-Falls on lower Q3 revenue, loss ** Oshkosh OSK.N: up 3.6% ** Federal Signal FSS.N: up 5.9% ** Terex Corp TEX.N: up 2.1% BUZZ-KeyBanc upgrades, shares gain ** Pioneer Power Solutions PPSI.O: up 51.0% BUZZ-Surges after settlement with Myers Power ** Stitch Fix SFIX.O: down 3.0% BUZZ-Stock move "too far too fast" - MKM Partners ** Boeing BA.N: down 1.3% BUZZ-Down after cutting widebody production rate again ** Burning Rock Biotech BNR.O: down 4.0% BUZZ-Falls on $58 mln discounted secondary offering The 11 major S&P 500 sectors: Communication Services .N At 10:47 ET, the Dow Jones Industrial Average .DJI was up 0.53% at 30,127.32. up 0.24% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** Diamondback Energy Inc , up 10.2% ** Occidental Petroleum Corp , up 9.3% ** Phillips 66 , up 6.5% The top three S&P 500 .PL.INX percentage losers: ** Royal Carribean Cruises Ltd , down 4.1% ** Ulta Beauty Inc , down 3.4% ** L Brands Inc , down 2.5% The top three NYSE .PG.N percentage gainers: ** Star Peak Energy Transition Corp , up 35.7% ** Callon Petroleum Co , up 23% ** PagerDuty Inc , up 20.8% The top three NYSE .PL.N percentage losers: ** MicroSectors US Big Oil Index , down 17.1% ** Yext Inc , down 16% ** Direxion Daily , down 13.1% The top three Nasdaq .PG.O percentage gainers: ** China HGS Real Estate Inc , up 158.5% ** Collective Growth Equity Warrants , up 134.3% ** Pioneer Power Solutions Inc , up 51% The top three Nasdaq .PL.O percentage losers: ** Ondas Holdings Inc , down 50.2% ** Lizhi Inc , down 18% ** Precision BioSciences Inc , down 17.3% ** DocuSign DOCU.O: up 7.7% BUZZ-Rises on upbeat Q3 results, outlook ** PagerDuty PD.N: up 20.8% BUZZ-Surges on upbeat annual forecast ** Sutro Biopharma STRO.O: up 33.8% BUZZ-Up on positive data from early-stage cancer trial ** BioCryst BCRX.O: up 16.2% BUZZ-Jumps after FDA approves swelling disorder treatment ** Cloudera Inc CLDR.N: up 8.9% BUZZ-Rises on upbeat results, $500 mln share buyback plan ** EQT EQT.N: up 5.7% ** Cabot Oil & Gas COG.N: up 1.1% BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities ** Sage Therapeutics SAGE.O: up 3.8% ** Biogen Inc BIIB.O: up 1.0% BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal ** GameStop GME.N: up 4.8% BUZZ-Rises as Wedbush hikes PT on new console launches ** Alibaba BABA.N: up 0.2% ** Sea SE.N: up 8.9% BUZZ-Up on winning digital banking license from Singapore ** Cambium Networks CMBM.O: down 14.4% BUZZ-Dips as top holder trims stake ** Yext Inc YEXT.N: down 16.0% BUZZ-Slumps as Q4 sales outlook disappoints ** Cooper COO.N: down 0.3% BUZZ-Slightly better Q4 but COVID-19 uncertainties remain ** American Airlines AAL.O: up 1.1% ** Spirit Airlines SAVE.N: up 1.7% BUZZ-U.S. airlines rise as stimulus hopes build ** Ulta Beauty ULTA.O: down 3.4% BUZZ-Down as holiday-quarter same-store sales view disappoints ** Domo Inc DOMO.O: up 14.9% BUZZ-Jumps on strong Q3 results ** Ollie's Bargain Outlet OLLI.O: down 9.8% BUZZ-Falls as brokerages cut PTs ** Luminar LAZR.O: up 34.1% BUZZ-Gleams after impressive debut ** Carvana CVNA.N: up 3.1% BUZZ-Rises as Jefferies starts with 'buy' on market share potential ** Tilly's TLYS.N: down 12.8% BUZZ-Down as retailer sees lower holiday-quarter sales, profit ** Dish Network DISH.O: down 0.6% BUZZ-Down as Guggenheim downgrades to 'neutral' ** Mind Technology Inc MIND.O: up 7.1% BUZZ-Surges on Q3 revenue beat ** Sundial Growers SNDL.O: down 7.9% BUZZ-Falls on filing new shelf registration for up to $200 mln ** Huazhu Group Ltd HTHT.O: down 1.4% BUZZ-Falls on surprise Q3 loss ** Magenta Therapeutics MGTA.O: up 2.2% BUZZ-Rises on collaboration for sickle cell disease therapy ** Cimarex Energy XEC.N: up 3.7% BUZZ-Gains on announcement of quarterly dividend ** Eli Lilly LLY.N: up 2.7% BUZZ-Rises on partnering with UnitedHealth for COVID-19 antibody trial ** Meten EdtechX Education METX.O: down 10.7% BUZZ-Falls on lower Q3 revenue, loss ** Oshkosh OSK.N: up 3.6% ** Federal Signal FSS.N: up 5.9% ** Terex Corp TEX.N: up 2.1% BUZZ-KeyBanc upgrades, shares gain ** Pioneer Power Solutions PPSI.O: up 51.0% BUZZ-Surges after settlement with Myers Power ** Stitch Fix SFIX.O: down 3.0% BUZZ-Stock move "too far too fast" - MKM Partners ** Boeing BA.N: down 1.3% BUZZ-Down after cutting widebody production rate again ** Burning Rock Biotech BNR.O: down 4.0% BUZZ-Falls on $58 mln discounted secondary offering The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades. .N At 10:47 ET, the Dow Jones Industrial Average .DJI was up 0.53% at 30,127.32.
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caa01877-61f2-41ce-b22d-c60d5215accf
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4940.0
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2020-12-04 00:00:00 UTC
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American Airlines Now Sees Q4 Average Daily Cash Burn At High End Of Prior Estimation
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AAL
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https://www.nasdaq.com/articles/american-airlines-now-sees-q4-average-daily-cash-burn-at-high-end-of-prior-estimation-2020
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nan
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nan
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(RTTNews) - American Airlines Group Inc. (AAL) disclosed in a regulatory filing that it now expects its fourth quarter 2020 average daily cash burn to come in at the high end of its prior estimation of $25 million-$30 million per day, due to the slowing of demand and forward bookings and modestly higher fuel prices.
As a result, the company now expects to end the fourth quarter with more than $14 billion in total available liquidity. It includes the undrawn portion of CARES Act loan from the U.S. Treasury, and excludes any additional proceeds from sales of common stock.
American Airlines said it has seen a slowing in demand and forward bookings due to the recent acceleration of the COVID-19 pandemic.
The company continues to expect the recovery in demand to be volatile and difficult to accurately forecast.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - American Airlines Group Inc. (AAL) disclosed in a regulatory filing that it now expects its fourth quarter 2020 average daily cash burn to come in at the high end of its prior estimation of $25 million-$30 million per day, due to the slowing of demand and forward bookings and modestly higher fuel prices. It includes the undrawn portion of CARES Act loan from the U.S. Treasury, and excludes any additional proceeds from sales of common stock. American Airlines said it has seen a slowing in demand and forward bookings due to the recent acceleration of the COVID-19 pandemic.
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(RTTNews) - American Airlines Group Inc. (AAL) disclosed in a regulatory filing that it now expects its fourth quarter 2020 average daily cash burn to come in at the high end of its prior estimation of $25 million-$30 million per day, due to the slowing of demand and forward bookings and modestly higher fuel prices. As a result, the company now expects to end the fourth quarter with more than $14 billion in total available liquidity. American Airlines said it has seen a slowing in demand and forward bookings due to the recent acceleration of the COVID-19 pandemic.
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(RTTNews) - American Airlines Group Inc. (AAL) disclosed in a regulatory filing that it now expects its fourth quarter 2020 average daily cash burn to come in at the high end of its prior estimation of $25 million-$30 million per day, due to the slowing of demand and forward bookings and modestly higher fuel prices. It includes the undrawn portion of CARES Act loan from the U.S. Treasury, and excludes any additional proceeds from sales of common stock. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - American Airlines Group Inc. (AAL) disclosed in a regulatory filing that it now expects its fourth quarter 2020 average daily cash burn to come in at the high end of its prior estimation of $25 million-$30 million per day, due to the slowing of demand and forward bookings and modestly higher fuel prices. It includes the undrawn portion of CARES Act loan from the U.S. Treasury, and excludes any additional proceeds from sales of common stock. The company continues to expect the recovery in demand to be volatile and difficult to accurately forecast.
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473af14f-ce85-47ea-8bec-a2414c90db8e
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4941.0
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2020-12-04 00:00:00 UTC
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Pre-Market Most Active for Dec 4, 2020 : LI, BCRX, AAL, HX, NIO, STPK, LAZR, CCL, WORK, ACB, AMC, LIZI
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-4-2020-%3A-li-bcrx-aal-hx-nio-stpk-lazr-ccl-work-acb-amc-lizi
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 26.44 to 12,493.57. The total Pre-Market volume is currently 85,020,944 shares traded.
The following are the most active stocks for the pre-market session:
Li Auto Inc. (LI) is -1.61 at $30.70, with 5,948,006 shares traded. As reported by Zacks, the current mean recommendation for LI is in the "buy range".
BioCryst Pharmaceuticals, Inc. (BCRX) is +0.545 at $5.68, with 3,173,273 shares traded. As reported in the last short interest update the days to cover for BCRX is 8.761291; this calculation is based on the average trading volume of the stock.
American Airlines Group, Inc. (AAL) is +0.71 at $16.80, with 3,122,839 shares traded. AAL's current last sale is 168% of the target price of $10.
Hexindai Inc. (HX) is +0.78 at $3.20, with 3,012,169 shares traded.
NIO Inc. (NIO) is -0.69 at $44.66, with 2,586,798 shares traded. NIO's current last sale is 135.33% of the target price of $33.
Star Peak Energy Transition Corp. (STPK) is +2.53 at $12.59, with 1,853,566 shares traded.
Luminar Technologies, Inc. (LAZR) is +4.45 at $27.43, with 1,491,318 shares traded. Business Wire Reports: Luminar and Gores Metropoulos Announce Closing of Business Combination
Carnival Corporation (CCL) is +0.81 at $23.69, with 1,409,036 shares traded. CCL's current last sale is 157.93% of the target price of $15.
Slack Technologies, Inc. (WORK) is +0.08 at $42.59, with 1,243,414 shares traded. WORK's current last sale is 133.09% of the target price of $32.
Aurora Cannabis Inc. (ACB) is +0.15 at $11.39, with 976,405 shares traded. ACB's current last sale is 125.23% of the target price of $9.095.
AMC Entertainment Holdings, Inc. (AMC) is +0.07 at $3.70, with 932,271 shares traded. AMC's current last sale is 105.71% of the target price of $3.5.
LIZHI INC. (LIZI) is -0.46 at $4.33, with 703,058 shares traded. As reported by Zacks, the current mean recommendation for LIZI is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is +0.71 at $16.80, with 3,122,839 shares traded. AAL's current last sale is 168% of the target price of $10. As reported by Zacks, the current mean recommendation for LI is in the "buy range".
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American Airlines Group, Inc. (AAL) is +0.71 at $16.80, with 3,122,839 shares traded. AAL's current last sale is 168% of the target price of $10. The total Pre-Market volume is currently 85,020,944 shares traded.
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American Airlines Group, Inc. (AAL) is +0.71 at $16.80, with 3,122,839 shares traded. AAL's current last sale is 168% of the target price of $10. The total Pre-Market volume is currently 85,020,944 shares traded.
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AAL's current last sale is 168% of the target price of $10. American Airlines Group, Inc. (AAL) is +0.71 at $16.80, with 3,122,839 shares traded. NIO's current last sale is 135.33% of the target price of $33.
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be3e93b4-82ee-479f-a547-723660ed263e
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4942.0
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2020-12-04 00:00:00 UTC
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S.Africa's Kumba Iron Ore sees annual production at low end of forecast
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AAL
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https://www.nasdaq.com/articles/s.africas-kumba-iron-ore-sees-annual-production-at-low-end-of-forecast-2020-12-04-0
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nan
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nan
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Adds details on forecast and background
JOHANNESBURG, Dec 4 (Reuters) - South Africa's Kumba Iron Ore KIOJ.J said on Friday annual output was likely to be at the bottom of its forecast range this year, and that it had cut its forecasts for 2021 and 2022.
The company, a unit of Anglo American AAL.L, said it would revise its 2020 full-year production outlook to around 37 million tonnes, from 37 million-39 million tonnes, and its sales forecast to about 39 million tonnes from previous outlook of 38 million-40 million tonnes.
"To ensure that the value chain is balanced, and finished stock is maintained at optimal levels, production is likely to be closer to the lower end of the guidance range," Kumba Iron said in a statement.
The miner also cut its 2021 production forecast to 40 million-41 million tonnes and 2022 outlook to 41 million-42 million tonnes. It had previously forecast production at 42-43 million tonnes for both years.
Kumba Iron, however, said it expects to produce 41 million-42 million tonnes in 2023.
Capital expenditure for 2020 was likely to be at the top end of its forecast range - at about 6.1 billion rand - while its forecast for unit costs was unchanged at $32 per tonne. This would rise to around $34 per tonne in 2021, it said.
(Reporting by Emma Rumney; Editing by Himani Sarkar and Sherry Jacob-Phillips)
((Emma.Rumney@thomsonreuters.com; +27115952832;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company, a unit of Anglo American AAL.L, said it would revise its 2020 full-year production outlook to around 37 million tonnes, from 37 million-39 million tonnes, and its sales forecast to about 39 million tonnes from previous outlook of 38 million-40 million tonnes. "To ensure that the value chain is balanced, and finished stock is maintained at optimal levels, production is likely to be closer to the lower end of the guidance range," Kumba Iron said in a statement. It had previously forecast production at 42-43 million tonnes for both years.
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The company, a unit of Anglo American AAL.L, said it would revise its 2020 full-year production outlook to around 37 million tonnes, from 37 million-39 million tonnes, and its sales forecast to about 39 million tonnes from previous outlook of 38 million-40 million tonnes. The miner also cut its 2021 production forecast to 40 million-41 million tonnes and 2022 outlook to 41 million-42 million tonnes. It had previously forecast production at 42-43 million tonnes for both years.
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The company, a unit of Anglo American AAL.L, said it would revise its 2020 full-year production outlook to around 37 million tonnes, from 37 million-39 million tonnes, and its sales forecast to about 39 million tonnes from previous outlook of 38 million-40 million tonnes. Adds details on forecast and background JOHANNESBURG, Dec 4 (Reuters) - South Africa's Kumba Iron Ore KIOJ.J said on Friday annual output was likely to be at the bottom of its forecast range this year, and that it had cut its forecasts for 2021 and 2022. The miner also cut its 2021 production forecast to 40 million-41 million tonnes and 2022 outlook to 41 million-42 million tonnes.
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The company, a unit of Anglo American AAL.L, said it would revise its 2020 full-year production outlook to around 37 million tonnes, from 37 million-39 million tonnes, and its sales forecast to about 39 million tonnes from previous outlook of 38 million-40 million tonnes. The miner also cut its 2021 production forecast to 40 million-41 million tonnes and 2022 outlook to 41 million-42 million tonnes. It had previously forecast production at 42-43 million tonnes for both years.
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eabcdcc0-0329-48f8-99aa-d1d27c805c39
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4943.0
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2020-12-04 00:00:00 UTC
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FOCUS-Airlines see "oasis" in entertainment, energy sectors during pandemic
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AAL
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https://www.nasdaq.com/articles/focus-airlines-see-oasis-in-entertainment-energy-sectors-during-pandemic-2020-12-04
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nan
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nan
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By Allison Lampert
Dec 4 (Reuters) - Airlines eager to fill premium seats left empty by the coronavirus crisis are making a beeline for the entertainment and energy industries, which still must get its workers to far-off places.
Most companies have slashed spending on corporate travel, leaving airlines without a crucial source of revenue. Business traffic remains at least 85% down on pre-crisis levels.
While travel groups expect new COVID-19 vaccines to help revive future business traffic, sectors like sporting events, streaming and content creation are a rare bright spot for airlines in the hard-hit travel sector.
"It is at least somewhat of an oasis," said Glenn Hollister, vice president of sales strategy and effectiveness at United Airlines Holdings Inc UAL.O.
"Certainly the entertainment industry is not back traveling anywhere close to normal. But there are certain aspects of the entertainment industry that just cannot happen without travel," he said, referencing content production.
The U.S. carrier introduced new sector incentives this fall, including access to a 24/7 support desk, for production crews, actors, entertainment executives and other passengers who are still traveling. Activity in some production hubs, like Vancouver, Canada is bouncing back to pre-pandemic levels.
Carriers are using a similar strategy with other industries, such as oil and gas.
To help navigate logistical challenges like quarantines, American Airlines Group IncAAL.O allows specific energy-sector clients to purchase outbound segments from the United States to oil fields abroad, instead of buying an obligatory round-trip ticket, said Hank Benedetti, who leads the carrier's global corporate sales team.
Customizing travel aims to begin to repair coronavirus-battered corporate demand sector by sector, rather than just waiting years for a broad recovery in confidence and GDP which typically dictate for premium demand.
CUSTOMIZED TRIPS
Brad Krevoy, chief executive of Motion Picture Corporation of America, said by email the U.S. company's travel has been focused on Canada and Scotland due to their COVID protocols.
"Canada has a uniform two week quarantine, so actors feel safe and COVID infection is minimal with productions," said Krevoy.
In the country's Pacific coast of Vancouver, where Netflix Inc NFLX.O recently announced the expansion of a production hub, activity has roared back since spring COVID-19 shut-downs, jumping to 60 entertainment projects from 41 in March, according to data from the city’s economic commission.
Patricia McConnell, the California-based director, media and entertainment at BCD Travel told an October United Airlines webinar on the entertainment sector that she has seen a rise in trips for sports production and breaking news.
Although some business travelers still book economy seats, corporate travel is crucial for carriers because of demand from frequent flyers and appetite for higher-margin premium fares.
Premium class travel, often filled by corporate travelers, accounts for around 5% of total international passenger traffic, but 30% of revenues on international routes, according to airline trade group IATA.
In 2019, about 30% of air trips were taken for business purposes, said Airlines for America (A4A), citing survey research.
While airlines don't disclose the profitability of individual segments, some carriers can see business trips account for as much as half of revenues, said John Heimlich, chief economist for A4A.
"In addition to traveling more frequently and often purchasing premium seating, these travelers often purchase lounge memberships and co-branded credit cards," Heimlich said. "The 85% year-over-year decline in corporate air-travel bookings is certainly taking a toll on the industry."
The Global Business Travel Association (GBTA) in August estimated a potential monthly revenue loss of $113.9 billion in lost business travel spend due to the pandemic.
While there has been some return in business travel in sectors like energy and defense, other areas like professional services and insurance remain low, said Louise Miller, Managing Partner, Americas, for business travel specialists Areka Consulting.
Benedetti of American Airlines said requests from energy sector clients led the carrier to customize fares and tickets which has been a benefit during the pandemic.
“The reason that we’re offering them one way is because of quarantines and other logistics behind the scenes with their company, their date of return is very fluid," he said.
(Reporting By Allison Lampert in Montreal; Editing by Denny Thomas and Edward Tobin)
((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.
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To help navigate logistical challenges like quarantines, American Airlines Group IncAAL.O allows specific energy-sector clients to purchase outbound segments from the United States to oil fields abroad, instead of buying an obligatory round-trip ticket, said Hank Benedetti, who leads the carrier's global corporate sales team. By Allison Lampert Dec 4 (Reuters) - Airlines eager to fill premium seats left empty by the coronavirus crisis are making a beeline for the entertainment and energy industries, which still must get its workers to far-off places. In the country's Pacific coast of Vancouver, where Netflix Inc NFLX.O recently announced the expansion of a production hub, activity has roared back since spring COVID-19 shut-downs, jumping to 60 entertainment projects from 41 in March, according to data from the city’s economic commission.
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To help navigate logistical challenges like quarantines, American Airlines Group IncAAL.O allows specific energy-sector clients to purchase outbound segments from the United States to oil fields abroad, instead of buying an obligatory round-trip ticket, said Hank Benedetti, who leads the carrier's global corporate sales team. By Allison Lampert Dec 4 (Reuters) - Airlines eager to fill premium seats left empty by the coronavirus crisis are making a beeline for the entertainment and energy industries, which still must get its workers to far-off places. Although some business travelers still book economy seats, corporate travel is crucial for carriers because of demand from frequent flyers and appetite for higher-margin premium fares.
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To help navigate logistical challenges like quarantines, American Airlines Group IncAAL.O allows specific energy-sector clients to purchase outbound segments from the United States to oil fields abroad, instead of buying an obligatory round-trip ticket, said Hank Benedetti, who leads the carrier's global corporate sales team. While travel groups expect new COVID-19 vaccines to help revive future business traffic, sectors like sporting events, streaming and content creation are a rare bright spot for airlines in the hard-hit travel sector. Although some business travelers still book economy seats, corporate travel is crucial for carriers because of demand from frequent flyers and appetite for higher-margin premium fares.
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To help navigate logistical challenges like quarantines, American Airlines Group IncAAL.O allows specific energy-sector clients to purchase outbound segments from the United States to oil fields abroad, instead of buying an obligatory round-trip ticket, said Hank Benedetti, who leads the carrier's global corporate sales team. But there are certain aspects of the entertainment industry that just cannot happen without travel," he said, referencing content production. Activity in some production hubs, like Vancouver, Canada is bouncing back to pre-pandemic levels.
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0bd275ea-483b-4926-868f-4aea247d8dc2
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4944.0
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2020-12-04 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Alibaba, U.S. airlines, GameStop, Chembio
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-alibaba-u.s.-airlines-gamestop-chembio-2020-12-04
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes were set to open near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets of a new fiscal stimulus package to help lift the economy from its worst downturn in decades. .N
At 9:05 am ET, Dow e-minis 1YMc1 were up 0.36% at 30,039. S&P 500 e-minis ESc1 were up 0.27% at 3,674.25, while Nasdaq 100 e-minis NQc1 were up 0.14% at 12,479.25. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Star Peak Energy Transition Corp , up 29.1% ** PagerDuty Inc , up 19.9% ** RPT Realty , up 12.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Seabridge Gold , down 9.4% ** Yext Inc , down 8.9% ** Build-A-Bear Workshop , down 8.8% The top three Nasdaq percentage gainers premarket .PRPG.O: ** China HGS Real Estate Inc , up 114.8% ** Collective Growth Equity Warrants , up 94.3% ** Iconix Brand Group Inc , up 44.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Meten Edtechx Ed Group , down 32.3% ** Francesca's Holdings , down 27.2% ** Chembio Diagnostics Inc , down 19.4% ** DocuSign DOCU.O: up 5.4% premarket BUZZ-Rises on upbeat Q3 results, outlook
** PagerDuty PD.N: up 19.9% premarket BUZZ-Surges on upbeat annual forecast
** Sutro Biopharma STRO.O: up 38.1% premarket BUZZ-Up on positive data from early-stage cancer trial
** BioCryst BCRX.O: up 12.8% premarket BUZZ-Jumps after FDA approves swelling disorder treatment
** Vroom VRM.O: up 1.4% premarket BUZZ-Jefferies starts with 'hold' rating and $38 PT
** Cloudera Inc CLDR.N: up 11.9% premarket BUZZ-Rises on upbeat results, $500 mln share buyback plan
** EQT EQT.N: up 1.8% premarket
** Cabot Oil & Gas COG.N: up 1.2% premarket BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities
** Sage Therapeutics SAGE.O: up 0.8% premarket
** Biogen Inc BIIB.O: up 0.4% premarket BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal
** GameStop GME.N: up 1.3% premarket BUZZ-Rises as Wedbush hikes PT on new console launches
** Alibaba BABA.N: up 1.5% premarket
** Sea SE.N: up 4.2% premarket BUZZ-Up on winning digital banking license from Singapore
** Genesco Inc GCO.N: up 10.6% premarket BUZZ-Rises on Q3 revenue, profit beat
** Cambium Networks CMBM.O: down 9.6% premarket BUZZ-Dips as top holder trims stake
** Yext Inc YEXT.N: down 8.9% premarket BUZZ-Slumps as Q4 sales outlook disappoints
** American Airlines AAL.O: up 2.9% premarket
** Delta Air Lines DAL.N: up 1.0% premarket
** United Airlines UAL.O: up 1.1% premarket
** Southwest Airlines LUV.N: up 1.2% premarket
** Spirit Airlines SAVE.N: up 2.2% premarket
** JetBlue Airways JBLU.O: up 2.5% premarket
BUZZ-U.S. airlines rise as stimulus hopes build
** Ulta Beauty ULTA.O: down 3.0% premarket BUZZ-Down as holiday-quarter same-store sales view disappoints
** Chembio CEMI.O: down 19.4% premarket BUZZ-Falls as FDA declines to review emergency use application for COVID-19 test
** Domo Inc DOMO.O: up 22.1% premarket BUZZ-Jumps on strong Q3 results
** Ollie's Bargain Outlet OLLI.O: down 11.5% premarket BUZZ-Falls as brokerages cut PTs
** Luminar LAZR.O: up 20.5% premarket BUZZ-Gleams after impressive debut
** Carvana CVNA.N: up 2.4% premarket BUZZ-Rises as Jefferies starts with 'buy' on market share potential
(Compiled By Shreyasee Raj)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Star Peak Energy Transition Corp , up 29.1% ** PagerDuty Inc , up 19.9% ** RPT Realty , up 12.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Seabridge Gold , down 9.4% ** Yext Inc , down 8.9% ** Build-A-Bear Workshop , down 8.8% The top three Nasdaq percentage gainers premarket .PRPG.O: ** China HGS Real Estate Inc , up 114.8% ** Collective Growth Equity Warrants , up 94.3% ** Iconix Brand Group Inc , up 44.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Meten Edtechx Ed Group , down 32.3% ** Francesca's Holdings , down 27.2% ** Chembio Diagnostics Inc , down 19.4% ** DocuSign DOCU.O: up 5.4% premarket BUZZ-Rises on upbeat Q3 results, outlook ** PagerDuty PD.N: up 19.9% premarket BUZZ-Surges on upbeat annual forecast ** Sutro Biopharma STRO.O: up 38.1% premarket BUZZ-Up on positive data from early-stage cancer trial ** BioCryst BCRX.O: up 12.8% premarket BUZZ-Jumps after FDA approves swelling disorder treatment ** Vroom VRM.O: up 1.4% premarket BUZZ-Jefferies starts with 'hold' rating and $38 PT ** Cloudera Inc CLDR.N: up 11.9% premarket BUZZ-Rises on upbeat results, $500 mln share buyback plan ** EQT EQT.N: up 1.8% premarket ** Cabot Oil & Gas COG.N: up 1.2% premarket BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities ** Sage Therapeutics SAGE.O: up 0.8% premarket ** Biogen Inc BIIB.O: up 0.4% premarket BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal ** GameStop GME.N: up 1.3% premarket BUZZ-Rises as Wedbush hikes PT on new console launches ** Alibaba BABA.N: up 1.5% premarket ** Sea SE.N: up 4.2% premarket BUZZ-Up on winning digital banking license from Singapore ** Genesco Inc GCO.N: up 10.6% premarket BUZZ-Rises on Q3 revenue, profit beat ** Cambium Networks CMBM.O: down 9.6% premarket BUZZ-Dips as top holder trims stake ** Yext Inc YEXT.N: down 8.9% premarket BUZZ-Slumps as Q4 sales outlook disappoints ** American Airlines AAL.O: up 2.9% premarket ** Delta Air Lines DAL.N: up 1.0% premarket ** United Airlines UAL.O: up 1.1% premarket ** Southwest Airlines LUV.N: up 1.2% premarket ** Spirit Airlines SAVE.N: up 2.2% premarket ** JetBlue Airways JBLU.O: up 2.5% premarket BUZZ-U.S. airlines rise as stimulus hopes build ** Ulta Beauty ULTA.O: down 3.0% premarket BUZZ-Down as holiday-quarter same-store sales view disappoints ** Chembio CEMI.O: down 19.4% premarket BUZZ-Falls as FDA declines to review emergency use application for COVID-19 test ** Domo Inc DOMO.O: up 22.1% premarket BUZZ-Jumps on strong Q3 results ** Ollie's Bargain Outlet OLLI.O: down 11.5% premarket BUZZ-Falls as brokerages cut PTs ** Luminar LAZR.O: up 20.5% premarket BUZZ-Gleams after impressive debut ** Carvana CVNA.N: up 2.4% premarket BUZZ-Rises as Jefferies starts with 'buy' on market share potential (Compiled By Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets of a new fiscal stimulus package to help lift the economy from its worst downturn in decades. .N At 9:05 am ET, Dow e-minis 1YMc1 were up 0.36% at 30,039.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Star Peak Energy Transition Corp , up 29.1% ** PagerDuty Inc , up 19.9% ** RPT Realty , up 12.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Seabridge Gold , down 9.4% ** Yext Inc , down 8.9% ** Build-A-Bear Workshop , down 8.8% The top three Nasdaq percentage gainers premarket .PRPG.O: ** China HGS Real Estate Inc , up 114.8% ** Collective Growth Equity Warrants , up 94.3% ** Iconix Brand Group Inc , up 44.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Meten Edtechx Ed Group , down 32.3% ** Francesca's Holdings , down 27.2% ** Chembio Diagnostics Inc , down 19.4% ** DocuSign DOCU.O: up 5.4% premarket BUZZ-Rises on upbeat Q3 results, outlook ** PagerDuty PD.N: up 19.9% premarket BUZZ-Surges on upbeat annual forecast ** Sutro Biopharma STRO.O: up 38.1% premarket BUZZ-Up on positive data from early-stage cancer trial ** BioCryst BCRX.O: up 12.8% premarket BUZZ-Jumps after FDA approves swelling disorder treatment ** Vroom VRM.O: up 1.4% premarket BUZZ-Jefferies starts with 'hold' rating and $38 PT ** Cloudera Inc CLDR.N: up 11.9% premarket BUZZ-Rises on upbeat results, $500 mln share buyback plan ** EQT EQT.N: up 1.8% premarket ** Cabot Oil & Gas COG.N: up 1.2% premarket BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities ** Sage Therapeutics SAGE.O: up 0.8% premarket ** Biogen Inc BIIB.O: up 0.4% premarket BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal ** GameStop GME.N: up 1.3% premarket BUZZ-Rises as Wedbush hikes PT on new console launches ** Alibaba BABA.N: up 1.5% premarket ** Sea SE.N: up 4.2% premarket BUZZ-Up on winning digital banking license from Singapore ** Genesco Inc GCO.N: up 10.6% premarket BUZZ-Rises on Q3 revenue, profit beat ** Cambium Networks CMBM.O: down 9.6% premarket BUZZ-Dips as top holder trims stake ** Yext Inc YEXT.N: down 8.9% premarket BUZZ-Slumps as Q4 sales outlook disappoints ** American Airlines AAL.O: up 2.9% premarket ** Delta Air Lines DAL.N: up 1.0% premarket ** United Airlines UAL.O: up 1.1% premarket ** Southwest Airlines LUV.N: up 1.2% premarket ** Spirit Airlines SAVE.N: up 2.2% premarket ** JetBlue Airways JBLU.O: up 2.5% premarket BUZZ-U.S. airlines rise as stimulus hopes build ** Ulta Beauty ULTA.O: down 3.0% premarket BUZZ-Down as holiday-quarter same-store sales view disappoints ** Chembio CEMI.O: down 19.4% premarket BUZZ-Falls as FDA declines to review emergency use application for COVID-19 test ** Domo Inc DOMO.O: up 22.1% premarket BUZZ-Jumps on strong Q3 results ** Ollie's Bargain Outlet OLLI.O: down 11.5% premarket BUZZ-Falls as brokerages cut PTs ** Luminar LAZR.O: up 20.5% premarket BUZZ-Gleams after impressive debut ** Carvana CVNA.N: up 2.4% premarket BUZZ-Rises as Jefferies starts with 'buy' on market share potential (Compiled By Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets of a new fiscal stimulus package to help lift the economy from its worst downturn in decades. S&P 500 e-minis ESc1 were up 0.27% at 3,674.25, while Nasdaq 100 e-minis NQc1 were up 0.14% at 12,479.25.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Star Peak Energy Transition Corp , up 29.1% ** PagerDuty Inc , up 19.9% ** RPT Realty , up 12.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Seabridge Gold , down 9.4% ** Yext Inc , down 8.9% ** Build-A-Bear Workshop , down 8.8% The top three Nasdaq percentage gainers premarket .PRPG.O: ** China HGS Real Estate Inc , up 114.8% ** Collective Growth Equity Warrants , up 94.3% ** Iconix Brand Group Inc , up 44.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Meten Edtechx Ed Group , down 32.3% ** Francesca's Holdings , down 27.2% ** Chembio Diagnostics Inc , down 19.4% ** DocuSign DOCU.O: up 5.4% premarket BUZZ-Rises on upbeat Q3 results, outlook ** PagerDuty PD.N: up 19.9% premarket BUZZ-Surges on upbeat annual forecast ** Sutro Biopharma STRO.O: up 38.1% premarket BUZZ-Up on positive data from early-stage cancer trial ** BioCryst BCRX.O: up 12.8% premarket BUZZ-Jumps after FDA approves swelling disorder treatment ** Vroom VRM.O: up 1.4% premarket BUZZ-Jefferies starts with 'hold' rating and $38 PT ** Cloudera Inc CLDR.N: up 11.9% premarket BUZZ-Rises on upbeat results, $500 mln share buyback plan ** EQT EQT.N: up 1.8% premarket ** Cabot Oil & Gas COG.N: up 1.2% premarket BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities ** Sage Therapeutics SAGE.O: up 0.8% premarket ** Biogen Inc BIIB.O: up 0.4% premarket BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal ** GameStop GME.N: up 1.3% premarket BUZZ-Rises as Wedbush hikes PT on new console launches ** Alibaba BABA.N: up 1.5% premarket ** Sea SE.N: up 4.2% premarket BUZZ-Up on winning digital banking license from Singapore ** Genesco Inc GCO.N: up 10.6% premarket BUZZ-Rises on Q3 revenue, profit beat ** Cambium Networks CMBM.O: down 9.6% premarket BUZZ-Dips as top holder trims stake ** Yext Inc YEXT.N: down 8.9% premarket BUZZ-Slumps as Q4 sales outlook disappoints ** American Airlines AAL.O: up 2.9% premarket ** Delta Air Lines DAL.N: up 1.0% premarket ** United Airlines UAL.O: up 1.1% premarket ** Southwest Airlines LUV.N: up 1.2% premarket ** Spirit Airlines SAVE.N: up 2.2% premarket ** JetBlue Airways JBLU.O: up 2.5% premarket BUZZ-U.S. airlines rise as stimulus hopes build ** Ulta Beauty ULTA.O: down 3.0% premarket BUZZ-Down as holiday-quarter same-store sales view disappoints ** Chembio CEMI.O: down 19.4% premarket BUZZ-Falls as FDA declines to review emergency use application for COVID-19 test ** Domo Inc DOMO.O: up 22.1% premarket BUZZ-Jumps on strong Q3 results ** Ollie's Bargain Outlet OLLI.O: down 11.5% premarket BUZZ-Falls as brokerages cut PTs ** Luminar LAZR.O: up 20.5% premarket BUZZ-Gleams after impressive debut ** Carvana CVNA.N: up 2.4% premarket BUZZ-Rises as Jefferies starts with 'buy' on market share potential (Compiled By Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets of a new fiscal stimulus package to help lift the economy from its worst downturn in decades. S&P 500 e-minis ESc1 were up 0.27% at 3,674.25, while Nasdaq 100 e-minis NQc1 were up 0.14% at 12,479.25.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Star Peak Energy Transition Corp , up 29.1% ** PagerDuty Inc , up 19.9% ** RPT Realty , up 12.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Seabridge Gold , down 9.4% ** Yext Inc , down 8.9% ** Build-A-Bear Workshop , down 8.8% The top three Nasdaq percentage gainers premarket .PRPG.O: ** China HGS Real Estate Inc , up 114.8% ** Collective Growth Equity Warrants , up 94.3% ** Iconix Brand Group Inc , up 44.8% The top three Nasdaq percentage losers premarket .PRPL.O: ** Meten Edtechx Ed Group , down 32.3% ** Francesca's Holdings , down 27.2% ** Chembio Diagnostics Inc , down 19.4% ** DocuSign DOCU.O: up 5.4% premarket BUZZ-Rises on upbeat Q3 results, outlook ** PagerDuty PD.N: up 19.9% premarket BUZZ-Surges on upbeat annual forecast ** Sutro Biopharma STRO.O: up 38.1% premarket BUZZ-Up on positive data from early-stage cancer trial ** BioCryst BCRX.O: up 12.8% premarket BUZZ-Jumps after FDA approves swelling disorder treatment ** Vroom VRM.O: up 1.4% premarket BUZZ-Jefferies starts with 'hold' rating and $38 PT ** Cloudera Inc CLDR.N: up 11.9% premarket BUZZ-Rises on upbeat results, $500 mln share buyback plan ** EQT EQT.N: up 1.8% premarket ** Cabot Oil & Gas COG.N: up 1.2% premarket BUZZ-Evercore recommends shifting to EQT Corp vs Cabot Oil among natgas equities ** Sage Therapeutics SAGE.O: up 0.8% premarket ** Biogen Inc BIIB.O: up 0.4% premarket BUZZ-Rises as Mizuho upgrades to 'buy' on Biogen deal ** GameStop GME.N: up 1.3% premarket BUZZ-Rises as Wedbush hikes PT on new console launches ** Alibaba BABA.N: up 1.5% premarket ** Sea SE.N: up 4.2% premarket BUZZ-Up on winning digital banking license from Singapore ** Genesco Inc GCO.N: up 10.6% premarket BUZZ-Rises on Q3 revenue, profit beat ** Cambium Networks CMBM.O: down 9.6% premarket BUZZ-Dips as top holder trims stake ** Yext Inc YEXT.N: down 8.9% premarket BUZZ-Slumps as Q4 sales outlook disappoints ** American Airlines AAL.O: up 2.9% premarket ** Delta Air Lines DAL.N: up 1.0% premarket ** United Airlines UAL.O: up 1.1% premarket ** Southwest Airlines LUV.N: up 1.2% premarket ** Spirit Airlines SAVE.N: up 2.2% premarket ** JetBlue Airways JBLU.O: up 2.5% premarket BUZZ-U.S. airlines rise as stimulus hopes build ** Ulta Beauty ULTA.O: down 3.0% premarket BUZZ-Down as holiday-quarter same-store sales view disappoints ** Chembio CEMI.O: down 19.4% premarket BUZZ-Falls as FDA declines to review emergency use application for COVID-19 test ** Domo Inc DOMO.O: up 22.1% premarket BUZZ-Jumps on strong Q3 results ** Ollie's Bargain Outlet OLLI.O: down 11.5% premarket BUZZ-Falls as brokerages cut PTs ** Luminar LAZR.O: up 20.5% premarket BUZZ-Gleams after impressive debut ** Carvana CVNA.N: up 2.4% premarket BUZZ-Rises as Jefferies starts with 'buy' on market share potential (Compiled By Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets of a new fiscal stimulus package to help lift the economy from its worst downturn in decades. .N At 9:05 am ET, Dow e-minis 1YMc1 were up 0.36% at 30,039.
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35f2e6bc-c1b7-4e66-8dd9-52c3a67713cb
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4945.0
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2020-12-04 00:00:00 UTC
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US STOCKS-Futures near record highs as stimulus hopes build
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AAL
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https://www.nasdaq.com/articles/us-stocks-futures-near-record-highs-as-stimulus-hopes-build-2020-12-04
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nan
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nan
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By Shriya Ramakrishnan
Dec 4 (Reuters) - U.S. stock index futures held near all-time highs on Friday as growing prospects for further economic stimulus and continued optimism over a COVID-19 vaccine-driven economic recovery lifted sentiment.
A bipartisan, $908 billion coronavirus aid plan gained momentum in the U.S. Congress on Thursday, after a months-long standoff between Republicans and Democrats over a stimulus package for businesses and millions of people affected by virus-led shutdowns.
A Labor Department's closely watched report, expected at 8:30 a.m. ET (1330 GMT), is likely to show U.S. employers hired the fewest workers in six months in November, hindered by a resurgence in COVID-19 cases and a lack of more government relief money.
The unemployment rate is estimated to dip to 6.8% in November from 6.9% last month.
So far positive vaccine updates from major drugmakers have eclipsed bleak economic readings and a surge in infections, setting the Wall Street's main indexes for another week of gains after the benchmark S&P 500 .SPX clocked its best November.
Growing confidence that a working COVID-19 vaccine would be administered before the end of the year has revived demand for the hardest-hit airlines and tourism stocks.
Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2% and 3.3% in premarket trade.
At 06:25 a.m. ET, Dow E-minis 1YMcv1 were up 120 points, or 0.4%, and S&P 500 E-minis EScv1 were up 11.25 points, or 0.31%. Nasdaq 100 E-minis NQcv1 were up 44.75 points, or 0.36%.
Drugmaker Pfizer PFE.N fell 0.8%, extending declines from the previous session when it flagged challenges in supply chain for raw materials used in its COVID-19 vaccine.
Oil majors Exxon Mobil Corp XOM.N and Chevron Corp CVX.N rose about 1.5% each, boosted by a rise in crude prices as major producers agreed on a compromise on supply. O/R
(Reporting by Shriya Ramakrishnan and Medha Singh in Bengaluru; Editing by Shinjini Ganguli)
((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842 ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2% and 3.3% in premarket trade. A bipartisan, $908 billion coronavirus aid plan gained momentum in the U.S. Congress on Thursday, after a months-long standoff between Republicans and Democrats over a stimulus package for businesses and millions of people affected by virus-led shutdowns. ET (1330 GMT), is likely to show U.S. employers hired the fewest workers in six months in November, hindered by a resurgence in COVID-19 cases and a lack of more government relief money.
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Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2% and 3.3% in premarket trade. By Shriya Ramakrishnan Dec 4 (Reuters) - U.S. stock index futures held near all-time highs on Friday as growing prospects for further economic stimulus and continued optimism over a COVID-19 vaccine-driven economic recovery lifted sentiment. O/R (Reporting by Shriya Ramakrishnan and Medha Singh in Bengaluru; Editing by Shinjini Ganguli) ((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842 ;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2% and 3.3% in premarket trade. By Shriya Ramakrishnan Dec 4 (Reuters) - U.S. stock index futures held near all-time highs on Friday as growing prospects for further economic stimulus and continued optimism over a COVID-19 vaccine-driven economic recovery lifted sentiment. So far positive vaccine updates from major drugmakers have eclipsed bleak economic readings and a surge in infections, setting the Wall Street's main indexes for another week of gains after the benchmark S&P 500 .SPX clocked its best November.
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Shares of U.S. carriers and cruise lines including American Airlines AAL.O, Norwegian Cruise Line NCLH.N and Carnival Corp CCL.N were up between 2% and 3.3% in premarket trade. By Shriya Ramakrishnan Dec 4 (Reuters) - U.S. stock index futures held near all-time highs on Friday as growing prospects for further economic stimulus and continued optimism over a COVID-19 vaccine-driven economic recovery lifted sentiment. A bipartisan, $908 billion coronavirus aid plan gained momentum in the U.S. Congress on Thursday, after a months-long standoff between Republicans and Democrats over a stimulus package for businesses and millions of people affected by virus-led shutdowns.
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0194a9ed-6dd7-4342-bb36-caa5305d3c91
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4946.0
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2020-12-03 00:00:00 UTC
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Thursday Sector Leaders: Airlines, Aerospace & Defense Stocks
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AAL
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https://www.nasdaq.com/articles/thursday-sector-leaders%3A-airlines-aerospace-defense-stocks-2020-12-03
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nan
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nan
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In trading on Thursday, airlines shares were relative leaders, up on the day by about 4.4%. Leading the group were shares of American Airlines Group, up about 10.5% and shares of Gol Linhas Aereas Inteligentes up about 10.2% on the day.
Also showing relative strength are aerospace & defense shares, up on the day by about 4.4% as a group, led by Embraer, trading higher by about 16.5% and Spirit Aerosystems Holdings, trading up by about 10.3% on Thursday.
VIDEO: Thursday Sector Leaders: Airlines, Aerospace & Defense Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, airlines shares were relative leaders, up on the day by about 4.4%. Also showing relative strength are aerospace & defense shares, up on the day by about 4.4% as a group, led by Embraer, trading higher by about 16.5% and Spirit Aerosystems Holdings, trading up by about 10.3% on Thursday. VIDEO: Thursday Sector Leaders: Airlines, Aerospace & Defense Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, airlines shares were relative leaders, up on the day by about 4.4%. Also showing relative strength are aerospace & defense shares, up on the day by about 4.4% as a group, led by Embraer, trading higher by about 16.5% and Spirit Aerosystems Holdings, trading up by about 10.3% on Thursday. VIDEO: Thursday Sector Leaders: Airlines, Aerospace & Defense Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading the group were shares of American Airlines Group, up about 10.5% and shares of Gol Linhas Aereas Inteligentes up about 10.2% on the day. Also showing relative strength are aerospace & defense shares, up on the day by about 4.4% as a group, led by Embraer, trading higher by about 16.5% and Spirit Aerosystems Holdings, trading up by about 10.3% on Thursday. VIDEO: Thursday Sector Leaders: Airlines, Aerospace & Defense Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, airlines shares were relative leaders, up on the day by about 4.4%. Leading the group were shares of American Airlines Group, up about 10.5% and shares of Gol Linhas Aereas Inteligentes up about 10.2% on the day. Also showing relative strength are aerospace & defense shares, up on the day by about 4.4% as a group, led by Embraer, trading higher by about 16.5% and Spirit Aerosystems Holdings, trading up by about 10.3% on Thursday.
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9f3f2e9c-0719-40fd-9bd2-41ea62f0b446
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4947.0
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2020-12-03 00:00:00 UTC
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4 Top Stock Trades for Friday: SNOW, AAL, LMND, DOCU
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AAL
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https://www.nasdaq.com/articles/4-top-stock-trades-for-friday%3A-snow-aal-lmnd-docu-2020-12-03
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The S&P 500 and Nasdaq Composite quietly hit new highs again on Thursday, as bulls continue to inch the indices higher. With that in mind, let’s look at a few top stock trades for Friday.
Top Stock Trades for Tomorrow No. 1: Snowflake (SNOW)
Click to Enlarge
Source: Chart courtesy of StockCharts.com
Snowflake (NYSE:SNOW) reported its first quarterly results as a public company and Wall Street is gobbling up the stock in response.
The move sent shares back to the all-time highs, as Snowflake flirts with a larger breakout. However, shares were rejected by those highs on Thursday.
Now, we have an interesting setup. I want to see shares clear the $340 area and the 161.8% extension (from the November low to the October high), at $344.89. Above that opens the door to the two-times range extension at $372.02.
7 Growth Stocks Flying Under the Radar
On the downside, however, I want to see Snowflake continue to hold the 10-day moving average. Below puts the low from Wednesday and Thursday in play, near $290. A close below that puts the breakout level in play near $270, followed by the 50-day moving average.
Top Stock Trades for Tomorrow No. 2: American Airlines (AA)
Click to Enlarge
Source: Chart courtesy of StockCharts.com
American Airlines (NASDAQ:AAL) hit its highest level since June, bursting higher by about 8% on Thursday.
The stock has been trading well lately, but the route has been bumpy — or should we say, the flight has been turbulent.
Poor puns aside, I want to see this name hold up over $15. Below puts $14 back in play, which was resistance in August and November. If AAL stock drops below those marks in a hurry, then it will put a cluster of key moving averages in play between $12.75 and $13.50.
On the upside, though, look for a move above the 38.2% retracement at $16.86. Above puts $19.50 in play, near where the 50% retracement comes into play. Above that, and the June high could be on the table, at $22.80.
Top Stock Trades for Tomorrow No. 3: Lemonade (LMND)
Click to Enlarge
Source: Chart courtesy of StockCharts.com
Lemonade (NYSE:LMND) has been trading quite well since bottoming in late October. The stock bursted through $70 on the day, and even cleared $80 in the process.
$80 was resistance in August, October and November — despite the temporary breakout in the last of these three months.
So, what now?
I would love to see the stock press up toward $90, which seems doable given how strong the stock was today. Above $90 puts the highs in play near $95, followed by the obvious target of $100.
7 Renewable Energy Stocks to Help the Environment and Your Wallet
However, even more than pushing up to $90, I would love to see the stock hold the $75 to $77.50 area. The latter is the weekly- and monthly-up level. Maintaining above that area bodes well for the bulls and may allow Lemonade enough time to rest and rehydrate before pushing higher.
Top Trades for Tomorrow No. 4: DocuSign (DOCU)
Click to Enlarge
Source: Chart courtesy of StockCharts.com
DocuSign (NASDAQ:DOCU), my favorite pandemic play, is due to report earnings. This name has been hot in 2020, but has been consolidating its gains since July.
Typically I would say a bullish trade, followed by five months of consolidation bodes well for investors.
However, we just saw another pandemic play — Zoom Video (NASDAQ:ZM) — report stellar results earlier this week and selloff despite that fact.
Making it even harder is the weekly-up rotation we’re getting in DocuSign, and the move over its key moving averages and wedge resistance (blue line).
On a bullish reaction, look to see if DocuSign can push through the monthly and two-times monthly-up rotation near $250. Above that could put the all-time high in play near $290.
On the downside, though, look for DOCU stock to hold the $209.11 mark — the December low. Below that level puts the stock below wedge support, as well as its key moving averages. That could put range support on the table near $190.
On the date of publication, Bret Kenwell held a long position in DOCU.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.
The post 4 Top Stock Trades for Friday: SNOW, AAL, LMND, DOCU appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to Enlarge Source: Chart courtesy of StockCharts.com American Airlines (NASDAQ:AAL) hit its highest level since June, bursting higher by about 8% on Thursday. If AAL stock drops below those marks in a hurry, then it will put a cluster of key moving averages in play between $12.75 and $13.50. The post 4 Top Stock Trades for Friday: SNOW, AAL, LMND, DOCU appeared first on InvestorPlace.
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Click to Enlarge Source: Chart courtesy of StockCharts.com American Airlines (NASDAQ:AAL) hit its highest level since June, bursting higher by about 8% on Thursday. If AAL stock drops below those marks in a hurry, then it will put a cluster of key moving averages in play between $12.75 and $13.50. The post 4 Top Stock Trades for Friday: SNOW, AAL, LMND, DOCU appeared first on InvestorPlace.
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If AAL stock drops below those marks in a hurry, then it will put a cluster of key moving averages in play between $12.75 and $13.50. Click to Enlarge Source: Chart courtesy of StockCharts.com American Airlines (NASDAQ:AAL) hit its highest level since June, bursting higher by about 8% on Thursday. The post 4 Top Stock Trades for Friday: SNOW, AAL, LMND, DOCU appeared first on InvestorPlace.
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Click to Enlarge Source: Chart courtesy of StockCharts.com American Airlines (NASDAQ:AAL) hit its highest level since June, bursting higher by about 8% on Thursday. The post 4 Top Stock Trades for Friday: SNOW, AAL, LMND, DOCU appeared first on InvestorPlace. If AAL stock drops below those marks in a hurry, then it will put a cluster of key moving averages in play between $12.75 and $13.50.
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c913cc77-23f4-49bc-8b8d-92b0ee6a2286
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4948.0
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2020-12-03 00:00:00 UTC
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Why Airline Shares Are Higher Today
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AAL
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https://www.nasdaq.com/articles/why-airline-shares-are-higher-today-2020-12-03
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nan
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nan
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What happened
The airline industry, though still troubled, is showing signs of a rebound, and that has investors buying in on Thursday.
Shares of American Airlines Group (NASDAQ: AAL) led the push higher, up 9.8% as of 1 p.m. EST, with shares of Spirit Airlines (NYSE: SAVE) and United Airlines Holdings (NASDAQ: UAL) up 7% apiece and shares of Delta Air Lines (NYSE: DAL) up 5.9%.
So what
It's been a difficult year for the airline industry, with the stocks weighed down by a pandemic-induced fall in travel demand. These stocks all lost more than half their value in the early days of the pandemic, and haven't seen much of a bounce back until recently.
That's finally starting to change. News that at least two COVID-19 vaccines are on their way has helped reassure investors that the industry can make it through the crisis without major bankruptcies, and the airlines are beginning to take steps that indicate the worst might be over.
Image source: Getty Images.
American grabbed the limelight on Thursday after hosting a media flight to mark the return of service for the Boeing 737 MAX. The plane is back after 20 months on the ground due to safety concerns, and American is leading the way in trying to reassure passengers the plane is safe to fly.
American has the 737 MAX back in its schedule for late December flights, and intends to add the planes back aggressively in the months to come. The plane's size and fuel efficiency should work well during a recovery, and its return is a boost for the carriers that fly it.
Delta is also helping investors feel more optimistic. On Thursday CEO Ed Bastian in a memo to employees said he expects the airline to burn through between $12 million and $14 million per day in the current quarter, a "solid improvement" over the $24 million daily burn rate in the third quarter. Revenue is likely to come in at just 30% of 2019's total, but he's encouraged by the progress both the company and public health officials are making.
"While it will take months for a vaccine to be broadly distributed, it's a clear sign of light at the end of the tunnel," Bastian wrote. "Widespread vaccinations among our customers and our employees will be essential to Delta's sustained recovery and the start of our rebound."
Spirit is a sleeper pick to be one of the early beneficiaries of a recovery thanks to its industry-low costs, which should help it to stimulate demand with low fares. United and American have been laggards among the airline stocks, and are likely getting a lift as their survivals grow more certain.
Airlines data by YCharts
Now what
While the danger of owning these stocks is slowly lifting, it is still a tricky time to be an airline investor. Even in the best-case scenario a full recovery will take years, and airlines have badly bruised their balance sheets raising capital to survive the crisis and will need time to pay down their debt.
As Bastian said, we can now see the light at the end of the tunnel, but the tunnel is long and dangers remain. Airline stocks should be limited to a small part of a well-diversified portfolio, and I'd favor a top operator like Delta over some of its rivals as a long-term investment.
We're making progress, but we are not through the turbulence yet.
10 stocks we like better than Delta Air Lines
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Delta Air Lines wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of Spirit Airlines. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of American Airlines Group (NASDAQ: AAL) led the push higher, up 9.8% as of 1 p.m. EST, with shares of Spirit Airlines (NYSE: SAVE) and United Airlines Holdings (NASDAQ: UAL) up 7% apiece and shares of Delta Air Lines (NYSE: DAL) up 5.9%. News that at least two COVID-19 vaccines are on their way has helped reassure investors that the industry can make it through the crisis without major bankruptcies, and the airlines are beginning to take steps that indicate the worst might be over. Even in the best-case scenario a full recovery will take years, and airlines have badly bruised their balance sheets raising capital to survive the crisis and will need time to pay down their debt.
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Shares of American Airlines Group (NASDAQ: AAL) led the push higher, up 9.8% as of 1 p.m. EST, with shares of Spirit Airlines (NYSE: SAVE) and United Airlines Holdings (NASDAQ: UAL) up 7% apiece and shares of Delta Air Lines (NYSE: DAL) up 5.9%. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of Spirit Airlines.
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Shares of American Airlines Group (NASDAQ: AAL) led the push higher, up 9.8% as of 1 p.m. EST, with shares of Spirit Airlines (NYSE: SAVE) and United Airlines Holdings (NASDAQ: UAL) up 7% apiece and shares of Delta Air Lines (NYSE: DAL) up 5.9%. Airlines data by YCharts Now what While the danger of owning these stocks is slowly lifting, it is still a tricky time to be an airline investor. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.
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Shares of American Airlines Group (NASDAQ: AAL) led the push higher, up 9.8% as of 1 p.m. EST, with shares of Spirit Airlines (NYSE: SAVE) and United Airlines Holdings (NASDAQ: UAL) up 7% apiece and shares of Delta Air Lines (NYSE: DAL) up 5.9%. American has the 737 MAX back in its schedule for late December flights, and intends to add the planes back aggressively in the months to come. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Delta Air Lines wasn't one of them!
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151a0df9-0627-433a-ba45-f16a0e8596e6
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4949.0
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2020-12-03 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-American Airlines, Palantir, PVH Corp
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-american-airlines-palantir-pvh-corp-2020-12-03
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 and the Nasdaq touched all-time highs on Thursday as investors looked past bleak economic data, while remaining focused on a COVID-19 vaccine, with the blue-chip Dow getting a boost from Boeing shares. .N
At 12:46 p.m. ET, the Dow Jones Industrial Average .DJI was up 0.57% at 30,053.94. The S&P 500 .SPX was up 0.13% at 3,673.82 and the Nasdaq Composite .IXIC was up 0.50% at 12,411.48. The top three S&P 500 .PG.INX percentage gainers: ** American Airlines , up 9.5% ** Carnival Corp , up 9% ** Norwegian Cruise Line , up 8.9% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co , down 4.7% ** Cabot Oil & Gas Corp , down 3.5% ** Nasdaq Inc , down 3.2% The top three NYSE .PG.N percentage gainers: ** Phoenix New Media , up 117% ** Nesco Holdings Inc , up 55.2% ** Waddell & Reed , up 49.6% The top three NYSE .PL.N percentage losers: ** PreShares Ultra Bloomberg Natural Gas , down 16.6% ** Ihuman Inc , down 11.9% ** X Financial , down 8.9% The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 237.6% ** Kinnate Biopharma Inc , up 107.7% ** Lizhi Inc , up 93.6% The top Nasdaq .PL.O percentage losers: ** Splunk Inc , down 19.9% ** Lands End Inc , down 18.6% ** CrowdStrike CRWD.O: up 15.5%
BUZZ-Jumps on upbeat Q3 results, outlook
** Wadell & Reed WDR.N: up 49.6%
BUZZ-Extends gains on buyout deal
** Tesla TSLA.O: up 3.9%
BUZZ-Goldman Sachs raises rating to "buy"
** Owl Rock Capital ORCC.N: up 0.7%
BUZZ-Gains on talks to combine with Dyal Capital
** Veritone VERI.O: down 1.7%
BUZZ-Drops on equity offering
Shell RDSb.N: up 2.3%
BUZZ-Bernstein upgrades on 'attractive' cash flow momentum
** Express Inc EXPR.N: down 25.0%
BUZZ-Slumps on bigger-than-expected Q3 loss, revenue miss
** Iterum ITRM.O: up 39.5%
BUZZ-Rises on stake acquisition by RA Capital
** Zscaler ZS.O: up 24.7%
BUZZ-Jumps on upbeat Q1 results, outlook
** Progyny Inc PGNY.O: up 1.5%
BUZZ-Piper Sandler confident of growth prospects, raises PT
** Evofem Biosciences EVFM.O: up 2.3%
BUZZ-Rises on U.S. govt contract for birth control gel
** Codexis Inc CDXS.O: down 7.8%
BUZZ-Falls on $70 mln discounted stock offering
** Splunk Inc SPLK.O: down 19.9%
BUZZ-Down on disappointing Q3 results, brokerages cut PTs USN
** Square Inc SQ.N: up 2.0%
BUZZ-Rises as Evercore upgrades to 'outperform' on Cash App potential
** Eyenovia Inc EYEN.O: up 0.8%
BUZZ-Rises on FDA nod for eye treatment study
** The Michaels Companies MIK.O: up 13.8%
BUZZ-Rises on Q3 revenue, profit beat
** PayPal Holdings Inc PYPL.O: up 0.8%
BUZZ-Up as Evercore hikes PT on growth prospects
** Veritone Inc VERI.O: down 1.7%
BUZZ-Drops after pricing deep-discounted equity offering
** Lizhi Inc LIZI.O: up 93.6%
BUZZ-Doubles on tie-up with EV maker Xpeng Motors
** Inovio Pharmaceuticals Inc INO.O: up 5.5%
BUZZ-Rises on manufacturing deal for COVID-19 vaccine candidate
** Kroger Co KR.N: down 4.7%
BUZZ-Drops as Q3 sales miss estimates
** Okta OKTA.O: up 6.7%
BUZZ-Rises as multiple brokerages raise PT on strong Q3 results
** Dada Nexus DADA.O: down 10.7%
BUZZ-China's Dada Nexus slips on discounted equity offering
** Build-A-Bear Workshop BBW.N: up 14.8%
BUZZ-Soars as teddy bear maker swings to profit
** Kirkland's KIRK.O: up 24.1%
BUZZ-Gains on upbeat Q3 results
** Golar LNG GLNG.O: down 8.4%
BUZZ-Slides on stock offering
** Elastic NV ESTC.N: up 14.1%
BUZZ-Jumps on upbeat Q3 outlook
** Tesla TSLA.O: up 3.9%
BUZZ-Goldman Sachs raises to 'buy', sees upbeat outlook for EVs
** Enlivex ENLV.O: up 37.4%
BUZZ-Surges on positive early data from experimental COVID-19 therapy study
** Nesco Holdings NSCO.N: up 55.2%
BUZZ-Surges on $1.48 bln deal to buy Custom Truck One Source
** Five Below FIVE.O: up 4.4%
BUZZ-Gains on upbeat Q3 results, PT hikes
** GoPro Inc GPRO.O: up 4.2%
BUZZ-Rises on strong Black Friday & Cyber Monday sales
** Pfizer PFE.N: down 1.6%
BUZZ-Pfizer's vaccine sales to peak next year and flatten by 2023
** REX American Resources REX.N: up 6.5%
BUZZ-Up on Q3 profit compared to year-ago loss
** Spirit Airlines SAVE.N: up 8.0%
BUZZ-Up after co says flights will be 70% full in Q4
** Lands' End LE.O: down 18.6%
BUZZ-Sees worst day in over 8 months on dour outlook
** Duluth Holdings DLTH.O: down 10.6%
BUZZ-Slips on Q3 revenue miss
** Boeing BA.N: up 7.3%
BUZZ-Takes off after Ryanair places largest MAX order since 2018
** Snowflake Inc SNOW.N: up 14.9%
BUZZ-Reverses premarket losses to jump 11%
** Avid Bioservices CDMO.O: up 13.2%
BUZZ-Rises on Q2 rev beat, forecast raise
** Palantir PLTR.N: up 8.7%
BUZZ-Set to snap 4-day losing streak
** Guess GES.N: up 10.7%
BUZZ-Jumps as brokerages raise PT after Q3 revenue beat
** American Airlines AAL.O: up 9.5%
** United Airlines Holdings UAL.O: up 7.2%
** Delta Air Lines DAL.N: up 5.5%
** Norwegian Cruise Line NCLH.N: up 8.9%
** Carnival Corp : up 9.0%
** Royal Caribbean Cruises RCL.N: up 4.4%
BUZZ-Now boarding! Airlines and cruise lines surge on vaccine bets
** PVH Corp PVH.N: up 8.4%
BUZZ-Gains on upbeat Q3 results, brokerages raise PTs
** Donaldson Company DCI.N: up 1.7%
BUZZ-Rises on Q1 profit, revenue beat
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.25%
Consumer Discretionary
.SPLRCD
up 0.36%
Consumer Staples
.SPLRCS
down 0.22%
Energy
.SPNY
up 2.00%
Financial
.SPSY
down 0.09%
Health
.SPXHC
down 0.20%
Industrial
.SPLRCI
up 0.94%
Information Technology
.SPLRCT
up 0.16%
Materials
.SPLRCM
up 0.10%
Real Estate
.SPLRCR
up 0.79%
Utilities
.SPLRCU
down 0.93%
(Compiled by Shreyasee Raj and Trisha Roy)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** American Airlines , up 9.5% ** Carnival Corp , up 9% ** Norwegian Cruise Line , up 8.9% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co , down 4.7% ** Cabot Oil & Gas Corp , down 3.5% ** Nasdaq Inc , down 3.2% The top three NYSE .PG.N percentage gainers: ** Phoenix New Media , up 117% ** Nesco Holdings Inc , up 55.2% ** Waddell & Reed , up 49.6% The top three NYSE .PL.N percentage losers: ** PreShares Ultra Bloomberg Natural Gas , down 16.6% ** Ihuman Inc , down 11.9% ** X Financial , down 8.9% The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 237.6% ** Kinnate Biopharma Inc , up 107.7% ** Lizhi Inc , up 93.6% The top Nasdaq .PL.O percentage losers: ** Splunk Inc , down 19.9% ** Lands End Inc , down 18.6% ** CrowdStrike CRWD.O: up 15.5% BUZZ-Jumps on upbeat Q3 results, outlook ** Wadell & Reed WDR.N: up 49.6% BUZZ-Extends gains on buyout deal ** Tesla TSLA.O: up 3.9% BUZZ-Goldman Sachs raises rating to "buy" ** Owl Rock Capital ORCC.N: up 0.7% BUZZ-Gains on talks to combine with Dyal Capital ** Veritone VERI.O: down 1.7% BUZZ-Drops on equity offering Shell RDSb.N: up 2.3% BUZZ-Bernstein upgrades on 'attractive' cash flow momentum ** Express Inc EXPR.N: down 25.0% BUZZ-Slumps on bigger-than-expected Q3 loss, revenue miss ** Iterum ITRM.O: up 39.5% BUZZ-Rises on stake acquisition by RA Capital ** Zscaler ZS.O: up 24.7% BUZZ-Jumps on upbeat Q1 results, outlook ** Progyny Inc PGNY.O: up 1.5% BUZZ-Piper Sandler confident of growth prospects, raises PT ** Evofem Biosciences EVFM.O: up 2.3% BUZZ-Rises on U.S. govt contract for birth control gel ** Codexis Inc CDXS.O: down 7.8% BUZZ-Falls on $70 mln discounted stock offering ** Splunk Inc SPLK.O: down 19.9% BUZZ-Down on disappointing Q3 results, brokerages cut PTs USN ** Square Inc SQ.N: up 2.0% BUZZ-Rises as Evercore upgrades to 'outperform' on Cash App potential ** Eyenovia Inc EYEN.O: up 0.8% BUZZ-Rises on FDA nod for eye treatment study ** The Michaels Companies MIK.O: up 13.8% BUZZ-Rises on Q3 revenue, profit beat ** PayPal Holdings Inc PYPL.O: up 0.8% BUZZ-Up as Evercore hikes PT on growth prospects ** Veritone Inc VERI.O: down 1.7% BUZZ-Drops after pricing deep-discounted equity offering ** Lizhi Inc LIZI.O: up 93.6% BUZZ-Doubles on tie-up with EV maker Xpeng Motors ** Inovio Pharmaceuticals Inc INO.O: up 5.5% BUZZ-Rises on manufacturing deal for COVID-19 vaccine candidate ** Kroger Co KR.N: down 4.7% BUZZ-Drops as Q3 sales miss estimates ** Okta OKTA.O: up 6.7% BUZZ-Rises as multiple brokerages raise PT on strong Q3 results ** Dada Nexus DADA.O: down 10.7% BUZZ-China's Dada Nexus slips on discounted equity offering ** Build-A-Bear Workshop BBW.N: up 14.8% BUZZ-Soars as teddy bear maker swings to profit ** Kirkland's KIRK.O: up 24.1% BUZZ-Gains on upbeat Q3 results ** Golar LNG GLNG.O: down 8.4% BUZZ-Slides on stock offering ** Elastic NV ESTC.N: up 14.1% BUZZ-Jumps on upbeat Q3 outlook ** Tesla TSLA.O: up 3.9% BUZZ-Goldman Sachs raises to 'buy', sees upbeat outlook for EVs ** Enlivex ENLV.O: up 37.4% BUZZ-Surges on positive early data from experimental COVID-19 therapy study ** Nesco Holdings NSCO.N: up 55.2% BUZZ-Surges on $1.48 bln deal to buy Custom Truck One Source ** Five Below FIVE.O: up 4.4% BUZZ-Gains on upbeat Q3 results, PT hikes ** GoPro Inc GPRO.O: up 4.2% BUZZ-Rises on strong Black Friday & Cyber Monday sales ** Pfizer PFE.N: down 1.6% BUZZ-Pfizer's vaccine sales to peak next year and flatten by 2023 ** REX American Resources REX.N: up 6.5% BUZZ-Up on Q3 profit compared to year-ago loss ** Spirit Airlines SAVE.N: up 8.0% BUZZ-Up after co says flights will be 70% full in Q4 ** Lands' End LE.O: down 18.6% BUZZ-Sees worst day in over 8 months on dour outlook ** Duluth Holdings DLTH.O: down 10.6% BUZZ-Slips on Q3 revenue miss ** Boeing BA.N: up 7.3% BUZZ-Takes off after Ryanair places largest MAX order since 2018 ** Snowflake Inc SNOW.N: up 14.9% BUZZ-Reverses premarket losses to jump 11% ** Avid Bioservices CDMO.O: up 13.2% BUZZ-Rises on Q2 rev beat, forecast raise ** Palantir PLTR.N: up 8.7% BUZZ-Set to snap 4-day losing streak ** Guess GES.N: up 10.7% BUZZ-Jumps as brokerages raise PT after Q3 revenue beat ** American Airlines AAL.O: up 9.5% ** United Airlines Holdings UAL.O: up 7.2% ** Delta Air Lines DAL.N: up 5.5% ** Norwegian Cruise Line NCLH.N: up 8.9% ** Carnival Corp : up 9.0% ** Royal Caribbean Cruises RCL.N: up 4.4% BUZZ-Now boarding! Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Nasdaq touched all-time highs on Thursday as investors looked past bleak economic data, while remaining focused on a COVID-19 vaccine, with the blue-chip Dow getting a boost from Boeing shares. Airlines and cruise lines surge on vaccine bets ** PVH Corp PVH.N: up 8.4% BUZZ-Gains on upbeat Q3 results, brokerages raise PTs ** Donaldson Company DCI.N: up 1.7% BUZZ-Rises on Q1 profit, revenue beat The 11 major S&P 500 sectors: Communication Services
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The top three S&P 500 .PG.INX percentage gainers: ** American Airlines , up 9.5% ** Carnival Corp , up 9% ** Norwegian Cruise Line , up 8.9% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co , down 4.7% ** Cabot Oil & Gas Corp , down 3.5% ** Nasdaq Inc , down 3.2% The top three NYSE .PG.N percentage gainers: ** Phoenix New Media , up 117% ** Nesco Holdings Inc , up 55.2% ** Waddell & Reed , up 49.6% The top three NYSE .PL.N percentage losers: ** PreShares Ultra Bloomberg Natural Gas , down 16.6% ** Ihuman Inc , down 11.9% ** X Financial , down 8.9% The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 237.6% ** Kinnate Biopharma Inc , up 107.7% ** Lizhi Inc , up 93.6% The top Nasdaq .PL.O percentage losers: ** Splunk Inc , down 19.9% ** Lands End Inc , down 18.6% ** CrowdStrike CRWD.O: up 15.5% BUZZ-Jumps on upbeat Q3 results, outlook ** Wadell & Reed WDR.N: up 49.6% BUZZ-Extends gains on buyout deal ** Tesla TSLA.O: up 3.9% BUZZ-Goldman Sachs raises rating to "buy" ** Owl Rock Capital ORCC.N: up 0.7% BUZZ-Gains on talks to combine with Dyal Capital ** Veritone VERI.O: down 1.7% BUZZ-Drops on equity offering Shell RDSb.N: up 2.3% BUZZ-Bernstein upgrades on 'attractive' cash flow momentum ** Express Inc EXPR.N: down 25.0% BUZZ-Slumps on bigger-than-expected Q3 loss, revenue miss ** Iterum ITRM.O: up 39.5% BUZZ-Rises on stake acquisition by RA Capital ** Zscaler ZS.O: up 24.7% BUZZ-Jumps on upbeat Q1 results, outlook ** Progyny Inc PGNY.O: up 1.5% BUZZ-Piper Sandler confident of growth prospects, raises PT ** Evofem Biosciences EVFM.O: up 2.3% BUZZ-Rises on U.S. govt contract for birth control gel ** Codexis Inc CDXS.O: down 7.8% BUZZ-Falls on $70 mln discounted stock offering ** Splunk Inc SPLK.O: down 19.9% BUZZ-Down on disappointing Q3 results, brokerages cut PTs USN ** Square Inc SQ.N: up 2.0% BUZZ-Rises as Evercore upgrades to 'outperform' on Cash App potential ** Eyenovia Inc EYEN.O: up 0.8% BUZZ-Rises on FDA nod for eye treatment study ** The Michaels Companies MIK.O: up 13.8% BUZZ-Rises on Q3 revenue, profit beat ** PayPal Holdings Inc PYPL.O: up 0.8% BUZZ-Up as Evercore hikes PT on growth prospects ** Veritone Inc VERI.O: down 1.7% BUZZ-Drops after pricing deep-discounted equity offering ** Lizhi Inc LIZI.O: up 93.6% BUZZ-Doubles on tie-up with EV maker Xpeng Motors ** Inovio Pharmaceuticals Inc INO.O: up 5.5% BUZZ-Rises on manufacturing deal for COVID-19 vaccine candidate ** Kroger Co KR.N: down 4.7% BUZZ-Drops as Q3 sales miss estimates ** Okta OKTA.O: up 6.7% BUZZ-Rises as multiple brokerages raise PT on strong Q3 results ** Dada Nexus DADA.O: down 10.7% BUZZ-China's Dada Nexus slips on discounted equity offering ** Build-A-Bear Workshop BBW.N: up 14.8% BUZZ-Soars as teddy bear maker swings to profit ** Kirkland's KIRK.O: up 24.1% BUZZ-Gains on upbeat Q3 results ** Golar LNG GLNG.O: down 8.4% BUZZ-Slides on stock offering ** Elastic NV ESTC.N: up 14.1% BUZZ-Jumps on upbeat Q3 outlook ** Tesla TSLA.O: up 3.9% BUZZ-Goldman Sachs raises to 'buy', sees upbeat outlook for EVs ** Enlivex ENLV.O: up 37.4% BUZZ-Surges on positive early data from experimental COVID-19 therapy study ** Nesco Holdings NSCO.N: up 55.2% BUZZ-Surges on $1.48 bln deal to buy Custom Truck One Source ** Five Below FIVE.O: up 4.4% BUZZ-Gains on upbeat Q3 results, PT hikes ** GoPro Inc GPRO.O: up 4.2% BUZZ-Rises on strong Black Friday & Cyber Monday sales ** Pfizer PFE.N: down 1.6% BUZZ-Pfizer's vaccine sales to peak next year and flatten by 2023 ** REX American Resources REX.N: up 6.5% BUZZ-Up on Q3 profit compared to year-ago loss ** Spirit Airlines SAVE.N: up 8.0% BUZZ-Up after co says flights will be 70% full in Q4 ** Lands' End LE.O: down 18.6% BUZZ-Sees worst day in over 8 months on dour outlook ** Duluth Holdings DLTH.O: down 10.6% BUZZ-Slips on Q3 revenue miss ** Boeing BA.N: up 7.3% BUZZ-Takes off after Ryanair places largest MAX order since 2018 ** Snowflake Inc SNOW.N: up 14.9% BUZZ-Reverses premarket losses to jump 11% ** Avid Bioservices CDMO.O: up 13.2% BUZZ-Rises on Q2 rev beat, forecast raise ** Palantir PLTR.N: up 8.7% BUZZ-Set to snap 4-day losing streak ** Guess GES.N: up 10.7% BUZZ-Jumps as brokerages raise PT after Q3 revenue beat ** American Airlines AAL.O: up 9.5% ** United Airlines Holdings UAL.O: up 7.2% ** Delta Air Lines DAL.N: up 5.5% ** Norwegian Cruise Line NCLH.N: up 8.9% ** Carnival Corp : up 9.0% ** Royal Caribbean Cruises RCL.N: up 4.4% BUZZ-Now boarding! Airlines and cruise lines surge on vaccine bets ** PVH Corp PVH.N: up 8.4% BUZZ-Gains on upbeat Q3 results, brokerages raise PTs ** Donaldson Company DCI.N: up 1.7% BUZZ-Rises on Q1 profit, revenue beat The 11 major S&P 500 sectors: Communication Services down 0.93% (Compiled by Shreyasee Raj and Trisha Roy) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** American Airlines , up 9.5% ** Carnival Corp , up 9% ** Norwegian Cruise Line , up 8.9% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co , down 4.7% ** Cabot Oil & Gas Corp , down 3.5% ** Nasdaq Inc , down 3.2% The top three NYSE .PG.N percentage gainers: ** Phoenix New Media , up 117% ** Nesco Holdings Inc , up 55.2% ** Waddell & Reed , up 49.6% The top three NYSE .PL.N percentage losers: ** PreShares Ultra Bloomberg Natural Gas , down 16.6% ** Ihuman Inc , down 11.9% ** X Financial , down 8.9% The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 237.6% ** Kinnate Biopharma Inc , up 107.7% ** Lizhi Inc , up 93.6% The top Nasdaq .PL.O percentage losers: ** Splunk Inc , down 19.9% ** Lands End Inc , down 18.6% ** CrowdStrike CRWD.O: up 15.5% BUZZ-Jumps on upbeat Q3 results, outlook ** Wadell & Reed WDR.N: up 49.6% BUZZ-Extends gains on buyout deal ** Tesla TSLA.O: up 3.9% BUZZ-Goldman Sachs raises rating to "buy" ** Owl Rock Capital ORCC.N: up 0.7% BUZZ-Gains on talks to combine with Dyal Capital ** Veritone VERI.O: down 1.7% BUZZ-Drops on equity offering Shell RDSb.N: up 2.3% BUZZ-Bernstein upgrades on 'attractive' cash flow momentum ** Express Inc EXPR.N: down 25.0% BUZZ-Slumps on bigger-than-expected Q3 loss, revenue miss ** Iterum ITRM.O: up 39.5% BUZZ-Rises on stake acquisition by RA Capital ** Zscaler ZS.O: up 24.7% BUZZ-Jumps on upbeat Q1 results, outlook ** Progyny Inc PGNY.O: up 1.5% BUZZ-Piper Sandler confident of growth prospects, raises PT ** Evofem Biosciences EVFM.O: up 2.3% BUZZ-Rises on U.S. govt contract for birth control gel ** Codexis Inc CDXS.O: down 7.8% BUZZ-Falls on $70 mln discounted stock offering ** Splunk Inc SPLK.O: down 19.9% BUZZ-Down on disappointing Q3 results, brokerages cut PTs USN ** Square Inc SQ.N: up 2.0% BUZZ-Rises as Evercore upgrades to 'outperform' on Cash App potential ** Eyenovia Inc EYEN.O: up 0.8% BUZZ-Rises on FDA nod for eye treatment study ** The Michaels Companies MIK.O: up 13.8% BUZZ-Rises on Q3 revenue, profit beat ** PayPal Holdings Inc PYPL.O: up 0.8% BUZZ-Up as Evercore hikes PT on growth prospects ** Veritone Inc VERI.O: down 1.7% BUZZ-Drops after pricing deep-discounted equity offering ** Lizhi Inc LIZI.O: up 93.6% BUZZ-Doubles on tie-up with EV maker Xpeng Motors ** Inovio Pharmaceuticals Inc INO.O: up 5.5% BUZZ-Rises on manufacturing deal for COVID-19 vaccine candidate ** Kroger Co KR.N: down 4.7% BUZZ-Drops as Q3 sales miss estimates ** Okta OKTA.O: up 6.7% BUZZ-Rises as multiple brokerages raise PT on strong Q3 results ** Dada Nexus DADA.O: down 10.7% BUZZ-China's Dada Nexus slips on discounted equity offering ** Build-A-Bear Workshop BBW.N: up 14.8% BUZZ-Soars as teddy bear maker swings to profit ** Kirkland's KIRK.O: up 24.1% BUZZ-Gains on upbeat Q3 results ** Golar LNG GLNG.O: down 8.4% BUZZ-Slides on stock offering ** Elastic NV ESTC.N: up 14.1% BUZZ-Jumps on upbeat Q3 outlook ** Tesla TSLA.O: up 3.9% BUZZ-Goldman Sachs raises to 'buy', sees upbeat outlook for EVs ** Enlivex ENLV.O: up 37.4% BUZZ-Surges on positive early data from experimental COVID-19 therapy study ** Nesco Holdings NSCO.N: up 55.2% BUZZ-Surges on $1.48 bln deal to buy Custom Truck One Source ** Five Below FIVE.O: up 4.4% BUZZ-Gains on upbeat Q3 results, PT hikes ** GoPro Inc GPRO.O: up 4.2% BUZZ-Rises on strong Black Friday & Cyber Monday sales ** Pfizer PFE.N: down 1.6% BUZZ-Pfizer's vaccine sales to peak next year and flatten by 2023 ** REX American Resources REX.N: up 6.5% BUZZ-Up on Q3 profit compared to year-ago loss ** Spirit Airlines SAVE.N: up 8.0% BUZZ-Up after co says flights will be 70% full in Q4 ** Lands' End LE.O: down 18.6% BUZZ-Sees worst day in over 8 months on dour outlook ** Duluth Holdings DLTH.O: down 10.6% BUZZ-Slips on Q3 revenue miss ** Boeing BA.N: up 7.3% BUZZ-Takes off after Ryanair places largest MAX order since 2018 ** Snowflake Inc SNOW.N: up 14.9% BUZZ-Reverses premarket losses to jump 11% ** Avid Bioservices CDMO.O: up 13.2% BUZZ-Rises on Q2 rev beat, forecast raise ** Palantir PLTR.N: up 8.7% BUZZ-Set to snap 4-day losing streak ** Guess GES.N: up 10.7% BUZZ-Jumps as brokerages raise PT after Q3 revenue beat ** American Airlines AAL.O: up 9.5% ** United Airlines Holdings UAL.O: up 7.2% ** Delta Air Lines DAL.N: up 5.5% ** Norwegian Cruise Line NCLH.N: up 8.9% ** Carnival Corp : up 9.0% ** Royal Caribbean Cruises RCL.N: up 4.4% BUZZ-Now boarding! down 0.25% Consumer Discretionary up 0.36% Consumer Staples
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The top three S&P 500 .PG.INX percentage gainers: ** American Airlines , up 9.5% ** Carnival Corp , up 9% ** Norwegian Cruise Line , up 8.9% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co , down 4.7% ** Cabot Oil & Gas Corp , down 3.5% ** Nasdaq Inc , down 3.2% The top three NYSE .PG.N percentage gainers: ** Phoenix New Media , up 117% ** Nesco Holdings Inc , up 55.2% ** Waddell & Reed , up 49.6% The top three NYSE .PL.N percentage losers: ** PreShares Ultra Bloomberg Natural Gas , down 16.6% ** Ihuman Inc , down 11.9% ** X Financial , down 8.9% The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 237.6% ** Kinnate Biopharma Inc , up 107.7% ** Lizhi Inc , up 93.6% The top Nasdaq .PL.O percentage losers: ** Splunk Inc , down 19.9% ** Lands End Inc , down 18.6% ** CrowdStrike CRWD.O: up 15.5% BUZZ-Jumps on upbeat Q3 results, outlook ** Wadell & Reed WDR.N: up 49.6% BUZZ-Extends gains on buyout deal ** Tesla TSLA.O: up 3.9% BUZZ-Goldman Sachs raises rating to "buy" ** Owl Rock Capital ORCC.N: up 0.7% BUZZ-Gains on talks to combine with Dyal Capital ** Veritone VERI.O: down 1.7% BUZZ-Drops on equity offering Shell RDSb.N: up 2.3% BUZZ-Bernstein upgrades on 'attractive' cash flow momentum ** Express Inc EXPR.N: down 25.0% BUZZ-Slumps on bigger-than-expected Q3 loss, revenue miss ** Iterum ITRM.O: up 39.5% BUZZ-Rises on stake acquisition by RA Capital ** Zscaler ZS.O: up 24.7% BUZZ-Jumps on upbeat Q1 results, outlook ** Progyny Inc PGNY.O: up 1.5% BUZZ-Piper Sandler confident of growth prospects, raises PT ** Evofem Biosciences EVFM.O: up 2.3% BUZZ-Rises on U.S. govt contract for birth control gel ** Codexis Inc CDXS.O: down 7.8% BUZZ-Falls on $70 mln discounted stock offering ** Splunk Inc SPLK.O: down 19.9% BUZZ-Down on disappointing Q3 results, brokerages cut PTs USN ** Square Inc SQ.N: up 2.0% BUZZ-Rises as Evercore upgrades to 'outperform' on Cash App potential ** Eyenovia Inc EYEN.O: up 0.8% BUZZ-Rises on FDA nod for eye treatment study ** The Michaels Companies MIK.O: up 13.8% BUZZ-Rises on Q3 revenue, profit beat ** PayPal Holdings Inc PYPL.O: up 0.8% BUZZ-Up as Evercore hikes PT on growth prospects ** Veritone Inc VERI.O: down 1.7% BUZZ-Drops after pricing deep-discounted equity offering ** Lizhi Inc LIZI.O: up 93.6% BUZZ-Doubles on tie-up with EV maker Xpeng Motors ** Inovio Pharmaceuticals Inc INO.O: up 5.5% BUZZ-Rises on manufacturing deal for COVID-19 vaccine candidate ** Kroger Co KR.N: down 4.7% BUZZ-Drops as Q3 sales miss estimates ** Okta OKTA.O: up 6.7% BUZZ-Rises as multiple brokerages raise PT on strong Q3 results ** Dada Nexus DADA.O: down 10.7% BUZZ-China's Dada Nexus slips on discounted equity offering ** Build-A-Bear Workshop BBW.N: up 14.8% BUZZ-Soars as teddy bear maker swings to profit ** Kirkland's KIRK.O: up 24.1% BUZZ-Gains on upbeat Q3 results ** Golar LNG GLNG.O: down 8.4% BUZZ-Slides on stock offering ** Elastic NV ESTC.N: up 14.1% BUZZ-Jumps on upbeat Q3 outlook ** Tesla TSLA.O: up 3.9% BUZZ-Goldman Sachs raises to 'buy', sees upbeat outlook for EVs ** Enlivex ENLV.O: up 37.4% BUZZ-Surges on positive early data from experimental COVID-19 therapy study ** Nesco Holdings NSCO.N: up 55.2% BUZZ-Surges on $1.48 bln deal to buy Custom Truck One Source ** Five Below FIVE.O: up 4.4% BUZZ-Gains on upbeat Q3 results, PT hikes ** GoPro Inc GPRO.O: up 4.2% BUZZ-Rises on strong Black Friday & Cyber Monday sales ** Pfizer PFE.N: down 1.6% BUZZ-Pfizer's vaccine sales to peak next year and flatten by 2023 ** REX American Resources REX.N: up 6.5% BUZZ-Up on Q3 profit compared to year-ago loss ** Spirit Airlines SAVE.N: up 8.0% BUZZ-Up after co says flights will be 70% full in Q4 ** Lands' End LE.O: down 18.6% BUZZ-Sees worst day in over 8 months on dour outlook ** Duluth Holdings DLTH.O: down 10.6% BUZZ-Slips on Q3 revenue miss ** Boeing BA.N: up 7.3% BUZZ-Takes off after Ryanair places largest MAX order since 2018 ** Snowflake Inc SNOW.N: up 14.9% BUZZ-Reverses premarket losses to jump 11% ** Avid Bioservices CDMO.O: up 13.2% BUZZ-Rises on Q2 rev beat, forecast raise ** Palantir PLTR.N: up 8.7% BUZZ-Set to snap 4-day losing streak ** Guess GES.N: up 10.7% BUZZ-Jumps as brokerages raise PT after Q3 revenue beat ** American Airlines AAL.O: up 9.5% ** United Airlines Holdings UAL.O: up 7.2% ** Delta Air Lines DAL.N: up 5.5% ** Norwegian Cruise Line NCLH.N: up 8.9% ** Carnival Corp : up 9.0% ** Royal Caribbean Cruises RCL.N: up 4.4% BUZZ-Now boarding! Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Nasdaq touched all-time highs on Thursday as investors looked past bleak economic data, while remaining focused on a COVID-19 vaccine, with the blue-chip Dow getting a boost from Boeing shares. ET, the Dow Jones Industrial Average .DJI was up 0.57% at 30,053.94.
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bdbfc6ac-cae0-4213-a65f-e4afbc3b0ed5
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4950.0
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2020-12-03 00:00:00 UTC
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Notable Thursday Option Activity: DG, KR, AAL
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AAL
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-dg-kr-aal-2020-12-03
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Dollar General Corp (Symbol: DG), where a total of 18,606 contracts have traded so far, representing approximately 1.9 million underlying shares. That amounts to about 110.2% of DG's average daily trading volume over the past month of 1.7 million shares. Especially high volume was seen for the $205 strike put option expiring January 22, 2021, with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of DG. Below is a chart showing DG's trailing twelve month trading history, with the $205 strike highlighted in orange:
Kroger Co (Symbol: KR) options are showing a volume of 93,325 contracts thus far today. That number of contracts represents approximately 9.3 million underlying shares, working out to a sizeable 82.3% of KR's average daily trading volume over the past month, of 11.3 million shares. Particularly high volume was seen for the $31 strike call option expiring December 04, 2020, with 11,058 contracts trading so far today, representing approximately 1.1 million underlying shares of KR. Below is a chart showing KR's trailing twelve month trading history, with the $31 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 721,402 contracts, representing approximately 72.1 million underlying shares or approximately 81.7% of AAL's average daily trading volume over the past month, of 88.3 million shares. Especially high volume was seen for the $16 strike call option expiring December 04, 2020, with 59,498 contracts trading so far today, representing approximately 5.9 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $16 strike highlighted in orange:
For the various different available expirations for DG options, KR options, or AAL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $16 strike call option expiring December 04, 2020, with 59,498 contracts trading so far today, representing approximately 5.9 million underlying shares of AAL. Below is a chart showing KR's trailing twelve month trading history, with the $31 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 721,402 contracts, representing approximately 72.1 million underlying shares or approximately 81.7% of AAL's average daily trading volume over the past month, of 88.3 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $16 strike highlighted in orange: For the various different available expirations for DG options, KR options, or AAL options, visit StockOptionsChannel.com.
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Below is a chart showing KR's trailing twelve month trading history, with the $31 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 721,402 contracts, representing approximately 72.1 million underlying shares or approximately 81.7% of AAL's average daily trading volume over the past month, of 88.3 million shares. Especially high volume was seen for the $16 strike call option expiring December 04, 2020, with 59,498 contracts trading so far today, representing approximately 5.9 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $16 strike highlighted in orange: For the various different available expirations for DG options, KR options, or AAL options, visit StockOptionsChannel.com.
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Below is a chart showing KR's trailing twelve month trading history, with the $31 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 721,402 contracts, representing approximately 72.1 million underlying shares or approximately 81.7% of AAL's average daily trading volume over the past month, of 88.3 million shares. Especially high volume was seen for the $16 strike call option expiring December 04, 2020, with 59,498 contracts trading so far today, representing approximately 5.9 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $16 strike highlighted in orange: For the various different available expirations for DG options, KR options, or AAL options, visit StockOptionsChannel.com.
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Below is a chart showing KR's trailing twelve month trading history, with the $31 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 721,402 contracts, representing approximately 72.1 million underlying shares or approximately 81.7% of AAL's average daily trading volume over the past month, of 88.3 million shares. Especially high volume was seen for the $16 strike call option expiring December 04, 2020, with 59,498 contracts trading so far today, representing approximately 5.9 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $16 strike highlighted in orange: For the various different available expirations for DG options, KR options, or AAL options, visit StockOptionsChannel.com.
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55b8d80f-ed46-40d5-88f9-6667913e6fe6
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4951.0
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2020-12-03 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Boeing, Tesla, Spirit Airlines, Pfizer, GoPro
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-boeing-tesla-spirit-airlines-pfizer-gopro-2020-12-03
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 and Nasdaq touched all-time highs on Thursday as hopes of a swift COVID-19 vaccine-driven recovery and economic stimulus eased immediate worries about rising coronavirus cases and dismal economic data. .N
At 11:08 am ET, the Dow Jones Industrial Average .DJI was up 0.60% at 30,061.71. The S&P 500 .SPX was up 0.20% at 3,676.39 and the Nasdaq Composite .IXIC was up 0.36% at 12,393.848. The top three S&P 500 .PG.INX percentage gainers: ** American Airlines , up 8.7% ** Boeing Co , up 7.6% ** Carnival Corp , up 7% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co , down 3.8% ** Nasdaq Inc , down 3.1% ** Cboe Global Markets Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** Phoenix New Media , up 115.3% ** Waddell & Reed , up 49.9% ** Nesco Holdings Inc , up 45.1% The top three NYSE .PL.N percentage losers: ** PreShares Ultra Bloomberg Natural Gas , down 14% ** Ihuman Inc , down 8.9% ** SilverBow Resources Inc , down 7.7% The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 152.4% ** Lizhi Inc , up 83.5% ** Zscaler Inc , up 27.1% The top three Nasdaq .PL.O percentage losers: ** Splunk Inc , down 22.8% ** Lands End Inc , down 20.7% ** AMCI Acquisition Corp , down 12.5%
** Boeing BA.N: up 7.6%
BUZZ-Takes off after Ryanair places largest MAX order since 2018
** CrowdStrike CRWD.O: up 14.7%
BUZZ-Jumps on upbeat Q3 results, outlook
** Wadell & Reed WDR.N: up 49.9%
BUZZ-Extends gains on buyout deal
** Owl Rock Capital ORCC.N: up 1.7%
BUZZ-Gains on talks to combine with Dyal Capital
** Veritone VERI.O: down 5.7%
BUZZ-Drops on equity offering
Shell RDSb.N: up 1.8%
BUZZ-Bernstein upgrades on 'attractive' cash flow momentum
** Express Inc EXPR.N: down 22.4%
BUZZ-Slumps on bigger-than-expected Q3 loss, revenue miss
** Iterum ITRM.O: up 33.8%
BUZZ-Rises on stake acquisition by RA Capital
** Zscaler ZS.O: up 27.1%
BUZZ-Jumps on upbeat Q1 results, outlook
** Progyny Inc PGNY.O: up 2.2%
BUZZ-Progyny: Piper Sandler confident of growth prospects, raises PT
** Evofem Biosciences EVFM.O: up 4.1%
BUZZ- Rises on U.S. govt contract for birth control gel
** Codexis Inc CDXS.O: down 9.2%
BUZZ-Falls on $70 mln discounted stock offering
** Splunk Inc SPLK.O: down 22.8%
BUZZ-Down on disappointing Q3 results, brokerages cut PTs USN
** Square Inc SQ.N: up 1.5%
BUZZ-Rises as Evercore upgrades to 'outperform' on Cash App potential
** Eyenovia Inc EYEN.O: up 3.4%
BUZZ-Rises on FDA nod for eye treatment study
** The Michaels Companies MIK.O: up 20.7%
BUZZ-Rises on Q3 revenue, profit beat
** PayPal Holdings Inc PYPL.O: up 1.0%
BUZZ-Up as Evercore hikes PT on growth prospects
** Veritone Inc VERI.O: down 5.7%
BUZZ-Drops after pricing deep-discounted equity offering
** Lizhi Inc LIZI.O: up 83.5%
BUZZ-Doubles on tie-up with EV maker Xpeng Motors
** Inovio Pharmaceuticals Inc INO.O: up 6.9%
BUZZ-Rises on manufacturing deal for COVID-19 vaccine candidate
** Kroger Co KR.N: down 3.8%
BUZZ-Drops as Q3 sales miss estimates
** Okta OKTA.O: up 8.6%
BUZZ-Rises as multiple brokerages raise PT on strong Q3 results
** Dada Nexus DADA.O: down 8.8%
BUZZ-China's Dada Nexus slips on discounted equity offering
** Build-A-Bear Workshop BBW.N: up 10.0%
BUZZ-Soars as teddy bear maker swings to profit
** Kirkland's KIRK.O: up 18.0%
BUZZ-Gains on upbeat Q3 results
** Golar LNG GLNG.O: down 7.9%
BUZZ-Slides on stock offering
** Elastic NV ESTC.N: up 15.6%
BUZZ-Jumps on upbeat Q3 outlook
** Tesla TSLA.O: up 3.2%
BUZZ-Goldman Sachs raises to 'buy', sees upbeat outlook for EVs
** Enlivex ENLV.O: up 23.3%
BUZZ-Surges on positive early data from experimental COVID-19 therapy study
** Nesco Holdings NSCO.N: up 45.1%
BUZZ-Surges on $1.48 bln deal to buy Custom Truck One Source
** Five Below FIVE.O: up 3.0%
BUZZ-Gains on upbeat Q3 results, PT hikes
** GoPro Inc GPRO.O: up 2.2%
BUZZ-Rises on strong Black Friday & Cyber Monday sales
** Viveve Medical VIVE.O: up 2.5%
BUZZ-Jumps after FDA clearance for manufacturing expansion
** Pfizer PFE.N: down 1.3%
BUZZ-Pfizer's vaccine sales to peak next year and flatten by 2023
** REX American Resources REX.N: up 3.9%
BUZZ-Up on Q3 profit compared to year-ago loss
** Spirit Airlines SAVE.N: up 7.7%
BUZZ-Up after co says flights will be 70% full in Q4
** Lands' End LE.O: down 20.7%
BUZZ-Sees worst day in over 8 months on dour outlook
** Duluth Holdings DLTH.O: down 9.1%
BUZZ-Slips on Q3 revenue miss
** Snowflake Inc SNOW.N: up 12.9%
BUZZ-Reverses premarket losses to jump 11%
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.15%
Consumer Discretionary
.SPLRCD
up 0.41%
Consumer Staples
.SPLRCS
down 0.11%
Energy
.SPNY
up 1.94%
Financial
.SPSY
up 0.20%
Health
.SPXHC
down 0.03%
Industrial
.SPLRCI
up 1.04%
Information Technology
.SPLRCT
flat
Materials
.SPLRCM
up 0.56%
Real Estate
.SPLRCR
up 0.94%
Utilities
.SPLRCU
down 0.36%
(Compiled by Shreyasee Raj and Trisha Roy)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Nasdaq touched all-time highs on Thursday as hopes of a swift COVID-19 vaccine-driven recovery and economic stimulus eased immediate worries about rising coronavirus cases and dismal economic data. The top three S&P 500 .PG.INX percentage gainers: ** American Airlines , up 8.7% ** Boeing Co , up 7.6% ** Carnival Corp , up 7% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co , down 3.8% ** Nasdaq Inc , down 3.1% ** Cboe Global Markets Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** Phoenix New Media , up 115.3% ** Waddell & Reed , up 49.9% ** Nesco Holdings Inc , up 45.1% The top three NYSE .PL.N percentage losers: ** PreShares Ultra Bloomberg Natural Gas , down 14% ** Ihuman Inc , down 8.9% ** SilverBow Resources Inc , down 7.7% The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 152.4% ** Lizhi Inc , up 83.5% ** Zscaler Inc , up 27.1% The top three Nasdaq .PL.O percentage losers: ** Splunk Inc , down 22.8% ** Lands End Inc , down 20.7% ** AMCI Acquisition Corp , down 12.5% ** Boeing BA.N: up 7.6% BUZZ-Takes off after Ryanair places largest MAX order since 2018 ** CrowdStrike CRWD.O: up 14.7% BUZZ-Jumps on upbeat Q3 results, outlook ** Wadell & Reed WDR.N: up 49.9% BUZZ-Extends gains on buyout deal ** Owl Rock Capital ORCC.N: up 1.7% BUZZ-Gains on talks to combine with Dyal Capital ** Veritone VERI.O: down 5.7% BUZZ-Drops on equity offering Shell RDSb.N: up 1.8% BUZZ-Bernstein upgrades on 'attractive' cash flow momentum ** Express Inc EXPR.N: down 22.4% BUZZ-Slumps on bigger-than-expected Q3 loss, revenue miss ** Iterum ITRM.O: up 33.8% BUZZ-Rises on stake acquisition by RA Capital ** Zscaler ZS.O: up 27.1% BUZZ-Jumps on upbeat Q1 results, outlook ** Progyny Inc PGNY.O: up 2.2% BUZZ-Progyny: Piper Sandler confident of growth prospects, raises PT ** Evofem Biosciences EVFM.O: up 4.1% BUZZ- Rises on U.S. govt contract for birth control gel ** Codexis Inc CDXS.O: down 9.2% BUZZ-Falls on $70 mln discounted stock offering ** Splunk Inc SPLK.O: down 22.8% BUZZ-Down on disappointing Q3 results, brokerages cut PTs USN ** Square Inc SQ.N: up 1.5% BUZZ-Rises as Evercore upgrades to 'outperform' on Cash App potential ** Eyenovia Inc EYEN.O: up 3.4% BUZZ-Rises on FDA nod for eye treatment study ** The Michaels Companies MIK.O: up 20.7% BUZZ-Rises on Q3 revenue, profit beat ** PayPal Holdings Inc PYPL.O: up 1.0% BUZZ-Up as Evercore hikes PT on growth prospects ** Veritone Inc VERI.O: down 5.7% BUZZ-Drops after pricing deep-discounted equity offering ** Lizhi Inc LIZI.O: up 83.5% BUZZ-Doubles on tie-up with EV maker Xpeng Motors ** Inovio Pharmaceuticals Inc INO.O: up 6.9% BUZZ-Rises on manufacturing deal for COVID-19 vaccine candidate ** Kroger Co KR.N: down 3.8% BUZZ-Drops as Q3 sales miss estimates ** Okta OKTA.O: up 8.6% BUZZ-Rises as multiple brokerages raise PT on strong Q3 results ** Dada Nexus DADA.O: down 8.8% BUZZ-China's Dada Nexus slips on discounted equity offering ** Build-A-Bear Workshop BBW.N: up 10.0% BUZZ-Soars as teddy bear maker swings to profit ** Kirkland's KIRK.O: up 18.0% BUZZ-Gains on upbeat Q3 results ** Golar LNG GLNG.O: down 7.9% BUZZ-Slides on stock offering ** Elastic NV ESTC.N: up 15.6% BUZZ-Jumps on upbeat Q3 outlook ** Tesla TSLA.O: up 3.2% BUZZ-Goldman Sachs raises to 'buy', sees upbeat outlook for EVs ** Enlivex ENLV.O: up 23.3% BUZZ-Surges on positive early data from experimental COVID-19 therapy study ** Nesco Holdings NSCO.N: up 45.1% BUZZ-Surges on $1.48 bln deal to buy Custom Truck One Source ** Five Below FIVE.O: up 3.0% BUZZ-Gains on upbeat Q3 results, PT hikes ** GoPro Inc GPRO.O: up 2.2% BUZZ-Rises on strong Black Friday & Cyber Monday sales ** Viveve Medical VIVE.O: up 2.5% BUZZ-Jumps after FDA clearance for manufacturing expansion ** Pfizer PFE.N: down 1.3% BUZZ-Pfizer's vaccine sales to peak next year and flatten by 2023 ** REX American Resources REX.N: up 3.9% BUZZ-Up on Q3 profit compared to year-ago loss ** Spirit Airlines SAVE.N: up 7.7% BUZZ-Up after co says flights will be 70% full in Q4 ** Lands' End LE.O: down 20.7% BUZZ-Sees worst day in over 8 months on dour outlook ** Duluth Holdings DLTH.O: down 9.1% BUZZ-Slips on Q3 revenue miss ** Snowflake Inc SNOW.N: up 12.9% BUZZ-Reverses premarket losses to jump 11% The 11 major S&P 500 sectors: Communication Services down 0.36% (Compiled by Shreyasee Raj and Trisha Roy) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Nasdaq touched all-time highs on Thursday as hopes of a swift COVID-19 vaccine-driven recovery and economic stimulus eased immediate worries about rising coronavirus cases and dismal economic data. The top three S&P 500 .PG.INX percentage gainers: ** American Airlines , up 8.7% ** Boeing Co , up 7.6% ** Carnival Corp , up 7% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co , down 3.8% ** Nasdaq Inc , down 3.1% ** Cboe Global Markets Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** Phoenix New Media , up 115.3% ** Waddell & Reed , up 49.9% ** Nesco Holdings Inc , up 45.1% The top three NYSE .PL.N percentage losers: ** PreShares Ultra Bloomberg Natural Gas , down 14% ** Ihuman Inc , down 8.9% ** SilverBow Resources Inc , down 7.7% The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 152.4% ** Lizhi Inc , up 83.5% ** Zscaler Inc , up 27.1% The top three Nasdaq .PL.O percentage losers: ** Splunk Inc , down 22.8% ** Lands End Inc , down 20.7% ** AMCI Acquisition Corp , down 12.5% ** Boeing BA.N: up 7.6% BUZZ-Takes off after Ryanair places largest MAX order since 2018 ** CrowdStrike CRWD.O: up 14.7% BUZZ-Jumps on upbeat Q3 results, outlook ** Wadell & Reed WDR.N: up 49.9% BUZZ-Extends gains on buyout deal ** Owl Rock Capital ORCC.N: up 1.7% BUZZ-Gains on talks to combine with Dyal Capital ** Veritone VERI.O: down 5.7% BUZZ-Drops on equity offering Shell RDSb.N: up 1.8% BUZZ-Bernstein upgrades on 'attractive' cash flow momentum ** Express Inc EXPR.N: down 22.4% BUZZ-Slumps on bigger-than-expected Q3 loss, revenue miss ** Iterum ITRM.O: up 33.8% BUZZ-Rises on stake acquisition by RA Capital ** Zscaler ZS.O: up 27.1% BUZZ-Jumps on upbeat Q1 results, outlook ** Progyny Inc PGNY.O: up 2.2% BUZZ-Progyny: Piper Sandler confident of growth prospects, raises PT ** Evofem Biosciences EVFM.O: up 4.1% BUZZ- Rises on U.S. govt contract for birth control gel ** Codexis Inc CDXS.O: down 9.2% BUZZ-Falls on $70 mln discounted stock offering ** Splunk Inc SPLK.O: down 22.8% BUZZ-Down on disappointing Q3 results, brokerages cut PTs USN ** Square Inc SQ.N: up 1.5% BUZZ-Rises as Evercore upgrades to 'outperform' on Cash App potential ** Eyenovia Inc EYEN.O: up 3.4% BUZZ-Rises on FDA nod for eye treatment study ** The Michaels Companies MIK.O: up 20.7% BUZZ-Rises on Q3 revenue, profit beat ** PayPal Holdings Inc PYPL.O: up 1.0% BUZZ-Up as Evercore hikes PT on growth prospects ** Veritone Inc VERI.O: down 5.7% BUZZ-Drops after pricing deep-discounted equity offering ** Lizhi Inc LIZI.O: up 83.5% BUZZ-Doubles on tie-up with EV maker Xpeng Motors ** Inovio Pharmaceuticals Inc INO.O: up 6.9% BUZZ-Rises on manufacturing deal for COVID-19 vaccine candidate ** Kroger Co KR.N: down 3.8% BUZZ-Drops as Q3 sales miss estimates ** Okta OKTA.O: up 8.6% BUZZ-Rises as multiple brokerages raise PT on strong Q3 results ** Dada Nexus DADA.O: down 8.8% BUZZ-China's Dada Nexus slips on discounted equity offering ** Build-A-Bear Workshop BBW.N: up 10.0% BUZZ-Soars as teddy bear maker swings to profit ** Kirkland's KIRK.O: up 18.0% BUZZ-Gains on upbeat Q3 results ** Golar LNG GLNG.O: down 7.9% BUZZ-Slides on stock offering ** Elastic NV ESTC.N: up 15.6% BUZZ-Jumps on upbeat Q3 outlook ** Tesla TSLA.O: up 3.2% BUZZ-Goldman Sachs raises to 'buy', sees upbeat outlook for EVs ** Enlivex ENLV.O: up 23.3% BUZZ-Surges on positive early data from experimental COVID-19 therapy study ** Nesco Holdings NSCO.N: up 45.1% BUZZ-Surges on $1.48 bln deal to buy Custom Truck One Source ** Five Below FIVE.O: up 3.0% BUZZ-Gains on upbeat Q3 results, PT hikes ** GoPro Inc GPRO.O: up 2.2% BUZZ-Rises on strong Black Friday & Cyber Monday sales ** Viveve Medical VIVE.O: up 2.5% BUZZ-Jumps after FDA clearance for manufacturing expansion ** Pfizer PFE.N: down 1.3% BUZZ-Pfizer's vaccine sales to peak next year and flatten by 2023 ** REX American Resources REX.N: up 3.9% BUZZ-Up on Q3 profit compared to year-ago loss ** Spirit Airlines SAVE.N: up 7.7% BUZZ-Up after co says flights will be 70% full in Q4 ** Lands' End LE.O: down 20.7% BUZZ-Sees worst day in over 8 months on dour outlook ** Duluth Holdings DLTH.O: down 9.1% BUZZ-Slips on Q3 revenue miss ** Snowflake Inc SNOW.N: up 12.9% BUZZ-Reverses premarket losses to jump 11% The 11 major S&P 500 sectors: Communication Services down 0.36% (Compiled by Shreyasee Raj and Trisha Roy) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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.N At 11:08 am ET, the Dow Jones Industrial Average .DJI was up 0.60% at 30,061.71. The top three S&P 500 .PG.INX percentage gainers: ** American Airlines , up 8.7% ** Boeing Co , up 7.6% ** Carnival Corp , up 7% The top three S&P 500 .PL.INX percentage losers: ** Kroger Co , down 3.8% ** Nasdaq Inc , down 3.1% ** Cboe Global Markets Inc , down 2.6% The top three NYSE .PG.N percentage gainers: ** Phoenix New Media , up 115.3% ** Waddell & Reed , up 49.9% ** Nesco Holdings Inc , up 45.1% The top three NYSE .PL.N percentage losers: ** PreShares Ultra Bloomberg Natural Gas , down 14% ** Ihuman Inc , down 8.9% ** SilverBow Resources Inc , down 7.7% The top three Nasdaq .PG.O percentage gainers: ** Ever-Glory International Group Inc , up 152.4% ** Lizhi Inc , up 83.5% ** Zscaler Inc , up 27.1% The top three Nasdaq .PL.O percentage losers: ** Splunk Inc , down 22.8% ** Lands End Inc , down 20.7% ** AMCI Acquisition Corp , down 12.5% ** Boeing BA.N: up 7.6% BUZZ-Takes off after Ryanair places largest MAX order since 2018 ** CrowdStrike CRWD.O: up 14.7% BUZZ-Jumps on upbeat Q3 results, outlook ** Wadell & Reed WDR.N: up 49.9% BUZZ-Extends gains on buyout deal ** Owl Rock Capital ORCC.N: up 1.7% BUZZ-Gains on talks to combine with Dyal Capital ** Veritone VERI.O: down 5.7% BUZZ-Drops on equity offering Shell RDSb.N: up 1.8% BUZZ-Bernstein upgrades on 'attractive' cash flow momentum ** Express Inc EXPR.N: down 22.4% BUZZ-Slumps on bigger-than-expected Q3 loss, revenue miss ** Iterum ITRM.O: up 33.8% BUZZ-Rises on stake acquisition by RA Capital ** Zscaler ZS.O: up 27.1% BUZZ-Jumps on upbeat Q1 results, outlook ** Progyny Inc PGNY.O: up 2.2% BUZZ-Progyny: Piper Sandler confident of growth prospects, raises PT ** Evofem Biosciences EVFM.O: up 4.1% BUZZ- Rises on U.S. govt contract for birth control gel ** Codexis Inc CDXS.O: down 9.2% BUZZ-Falls on $70 mln discounted stock offering ** Splunk Inc SPLK.O: down 22.8% BUZZ-Down on disappointing Q3 results, brokerages cut PTs USN ** Square Inc SQ.N: up 1.5% BUZZ-Rises as Evercore upgrades to 'outperform' on Cash App potential ** Eyenovia Inc EYEN.O: up 3.4% BUZZ-Rises on FDA nod for eye treatment study ** The Michaels Companies MIK.O: up 20.7% BUZZ-Rises on Q3 revenue, profit beat ** PayPal Holdings Inc PYPL.O: up 1.0% BUZZ-Up as Evercore hikes PT on growth prospects ** Veritone Inc VERI.O: down 5.7% BUZZ-Drops after pricing deep-discounted equity offering ** Lizhi Inc LIZI.O: up 83.5% BUZZ-Doubles on tie-up with EV maker Xpeng Motors ** Inovio Pharmaceuticals Inc INO.O: up 6.9% BUZZ-Rises on manufacturing deal for COVID-19 vaccine candidate ** Kroger Co KR.N: down 3.8% BUZZ-Drops as Q3 sales miss estimates ** Okta OKTA.O: up 8.6% BUZZ-Rises as multiple brokerages raise PT on strong Q3 results ** Dada Nexus DADA.O: down 8.8% BUZZ-China's Dada Nexus slips on discounted equity offering ** Build-A-Bear Workshop BBW.N: up 10.0% BUZZ-Soars as teddy bear maker swings to profit ** Kirkland's KIRK.O: up 18.0% BUZZ-Gains on upbeat Q3 results ** Golar LNG GLNG.O: down 7.9% BUZZ-Slides on stock offering ** Elastic NV ESTC.N: up 15.6% BUZZ-Jumps on upbeat Q3 outlook ** Tesla TSLA.O: up 3.2% BUZZ-Goldman Sachs raises to 'buy', sees upbeat outlook for EVs ** Enlivex ENLV.O: up 23.3% BUZZ-Surges on positive early data from experimental COVID-19 therapy study ** Nesco Holdings NSCO.N: up 45.1% BUZZ-Surges on $1.48 bln deal to buy Custom Truck One Source ** Five Below FIVE.O: up 3.0% BUZZ-Gains on upbeat Q3 results, PT hikes ** GoPro Inc GPRO.O: up 2.2% BUZZ-Rises on strong Black Friday & Cyber Monday sales ** Viveve Medical VIVE.O: up 2.5% BUZZ-Jumps after FDA clearance for manufacturing expansion ** Pfizer PFE.N: down 1.3% BUZZ-Pfizer's vaccine sales to peak next year and flatten by 2023 ** REX American Resources REX.N: up 3.9% BUZZ-Up on Q3 profit compared to year-ago loss ** Spirit Airlines SAVE.N: up 7.7% BUZZ-Up after co says flights will be 70% full in Q4 ** Lands' End LE.O: down 20.7% BUZZ-Sees worst day in over 8 months on dour outlook ** Duluth Holdings DLTH.O: down 9.1% BUZZ-Slips on Q3 revenue miss ** Snowflake Inc SNOW.N: up 12.9% BUZZ-Reverses premarket losses to jump 11% The 11 major S&P 500 sectors: Communication Services down 0.15% Consumer Discretionary
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Nasdaq touched all-time highs on Thursday as hopes of a swift COVID-19 vaccine-driven recovery and economic stimulus eased immediate worries about rising coronavirus cases and dismal economic data. .N At 11:08 am ET, the Dow Jones Industrial Average .DJI was up 0.60% at 30,061.71. The S&P 500 .SPX was up 0.20% at 3,676.39 and the Nasdaq Composite .IXIC was up 0.36% at 12,393.848.
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cb41420d-46ca-4d80-a928-5893a14ff48c
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4952.0
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2020-12-03 00:00:00 UTC
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Should Investors Buy These Airline Stocks Ahead Of A Vaccine Roll-Out?
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AAL
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https://www.nasdaq.com/articles/should-investors-buy-these-airline-stocks-ahead-of-a-vaccine-roll-out-2020-12-03
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nan
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nan
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Top Airline Stocks To Watch For A Post-Pandemic World
The coronavirus pandemic and border closures have wreaked havoc on airline stocks this year. As you may be wondering, could top airline stocks be ready for takeoff now that we have promising vaccines? While we can’t say the airline industry is out of the woods, investors finally have a glimpse of the light at the end of the tunnel. Positive developments toward a COVID-19 vaccine from Moderna (MRNA Stock Report) and Pfizer (PFE Stock Report) would allow airline companies to ride out of the storm. Sure, the airline companies may face short-term struggles, but many analysts are increasingly optimistic. They expect the battered industry to stage a strong rebound sometime next year.
Now, these airline stocks may still be trading at a discount. So when there’s positive news announcing the high effectiveness of COVID-19 vaccine candidates, you can understand why investors have been on the hunt for the top airline stocks to buy right now. After all, that could suggest that other vaccine candidates in the pipeline have a good chance of success as well.
Airline Stocks Struggle In The Near-Term As COVID-19 Surges
Despite the positive vaccine news, airline stocks have shown weaknesses as we enter the final month of the year. The surging COVID-19 infections are putting many flyers’ holiday plans on hold. So, investors should readjust their expectations on where airline stocks can fly from here. To say that airline stocks will be back to pre-pandemic levels in a couple of months’ time could be overly optimistic.
As indicated from JetBlue Airways’ (JBLU Stock Report) filing on Monday. The airline expects capacity in the last quarter of 2020 to decrease by 45% to 50% year over year. Fourth-quarter revenue could decline by 70%. The company also announced the offering of additional stock. Now, that would certainly dilute existing shareholders. But in the current state, there are not many options available. For investors looking to bet on a rebound in the top airline stocks, patience is key. With all that in mind, here is a list of the best airline stocks to buy that could be set for a rebound.
Read More
Are These The Best E-Commerce Stocks To Buy Ahead Of The Holiday Season? 3 Names For Your List
Is Now The Time To Buy These Top Stay-At-Home Stocks? 3 Names To Watch
Top Airline Stocks To Watch #1: Southwest Airlines
First, up the list, Southwest Airlines (LUV Stock Report) is worth the attention among potential airline stock investors. LUV stock is only down around 14% year to date. That’s quite impressive considering that some of its rivals saw their value slashed by half. The budget airline has also been making headlines in recent weeks by announcing potential new markets, while its competitors have been cutting down flying routes and frequencies. Many experts believe that Southwest is going to come out of this stronger than probably any other airline.
“We are one of just a few airlines in the world that limits the number of seats available for sale to promote distancing onboard our aircraft, and we will continue to do so through November. This practice of effectively keeping middle seats open bridged us from the early days of the pandemic, when we had little knowledge about the behavior of the virus, to now. Today, aligned with science-based findings from trusted medical and aviation organizations, we will resume selling all available seats for travel beginning December 1, 2020,” stated Gary C. Kelly, Chairman, and CEO at Southwest.
Investors like Southwest because its liquidity profile is second to none in the industry at a net cash position. It is able to take advantage of any discounts Boeing might offer to secure the planes. Of course, any expansion involves risk. Although the airline may be a discounter, Southwest’s cost structure is somewhat higher than a number of low-cost rivals. Nevertheless, the airline appears to be taking advantage of its balance sheet to capture a larger market share in the U.S. aviation market. This is while the other major players continue to cut down their spending to protect themselves from bankruptcy threats. And that is good news for LUV stock investors.
Top Airline Stocks To Watch #2: United Airlines
Next up, United Airlines (UAL Stock Report) is another airline stock with positive commentary from analysts. That’s because analysts are optimistic that UAL can weather the current storm with enough liquidity. One of the reasons why analysts love UAL stock is because it is the largest U.S. carrier flying to the Asia Pacific region. And the virus situation appears to be relatively more under control there. This sets the company apart from the rest of its competitors in the U.S. airline industry.
Positive developments on the vaccine front from Moderna and Pfizer are fantastic news for UAL’s plan to jumpstart its business. The company has already begun to execute its plan to launch COVID-19 rapid tests for all passengers moving forward. On November 16th, the company reported that its passengers on a flight from Newark Liberty International Airport to London Heathrow were the first to receive the airline’s free transatlantic COVID-19 testing pilot program. This meant every passenger over the age of two years old and all crew members on the flight were given rapid tests. Everyone on that flight-tested negative prior to taking off.
“These flights are a good proof-of-concept for governments around the world that are considering making testing part of the travel experience,” commented Toby Enqvist, Chief Customer Officer for United. “Expanding our testing efforts with pilot programs like this one not only helps guarantee passengers onboard test negative for COVID-19, it also adds another element to our layered approach to safety and demonstrates a way to work within quarantines to key international destinations.”
[Read More] Looking For The Top Cybersecurity Stocks To Watch In December? 3 Reported Strong Earnings This Week
Top Airline Stocks To Watch #3: American Airlines
Last on the list, American Airlines (AAL Stock Report) is probably the riskiest airline stock to buy on this list. That’s because the company’s debt levels are at a more unsustainable level compared to Southwest or United. But it is still attractive to some because it is trading at a lower price. The reality is, many investors still judge stocks by their nominal share prices. November has been a great month for airline stocks. AAL stock went up more than 30% in the past month alone.
The company reported its third-quarter earnings in October where the losses were narrower than analysts have estimated. The company reported revenues of $3.2 billion, a 73% drop year-over-year. American Airlines also reported a 59% decrease in total available seat miles. Besides, it saw a net loss of $2.4 billion for the third quarter.
Some analysts may say that serious investors might be better off buying AAL stock when it trades in the single digits. While it may be one of the top airline stocks to buy in the U.S., its debt levels are what concerns investors the most. Which makes it a more risky play compared to other airlines. But the question is, do greater risks translate to greater reward in this case?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3 Reported Strong Earnings This Week Top Airline Stocks To Watch #3: American Airlines Last on the list, American Airlines (AAL Stock Report) is probably the riskiest airline stock to buy on this list. AAL stock went up more than 30% in the past month alone. Some analysts may say that serious investors might be better off buying AAL stock when it trades in the single digits.
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3 Reported Strong Earnings This Week Top Airline Stocks To Watch #3: American Airlines Last on the list, American Airlines (AAL Stock Report) is probably the riskiest airline stock to buy on this list. AAL stock went up more than 30% in the past month alone. Some analysts may say that serious investors might be better off buying AAL stock when it trades in the single digits.
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3 Reported Strong Earnings This Week Top Airline Stocks To Watch #3: American Airlines Last on the list, American Airlines (AAL Stock Report) is probably the riskiest airline stock to buy on this list. AAL stock went up more than 30% in the past month alone. Some analysts may say that serious investors might be better off buying AAL stock when it trades in the single digits.
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3 Reported Strong Earnings This Week Top Airline Stocks To Watch #3: American Airlines Last on the list, American Airlines (AAL Stock Report) is probably the riskiest airline stock to buy on this list. AAL stock went up more than 30% in the past month alone. Some analysts may say that serious investors might be better off buying AAL stock when it trades in the single digits.
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5c62d27a-b507-40a4-893e-1fc9530ea042
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4953.0
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2020-12-03 00:00:00 UTC
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Why Airline Shares Soared Higher in November
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AAL
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https://www.nasdaq.com/articles/why-airline-shares-soared-higher-in-november-2020-12-03
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nan
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nan
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What happened
Airline shares took flight in November, buoyed by news of progress in the race to develop a COVID-19 vaccine.
Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), and Southwest Airlines (NYSE: LUV) led the charge higher, up 31.4%, 25.3%, and 17.2% for the month, respectively, according to data provided by S&P Global Market Intelligence.
So what
The airline business has been hit harder than most by the pandemic, with travel demand evaporating last March and only slowly recovering in the months since. The industry expects year-over-year travel in the fourth quarter to be down 65% or more, and every U.S. airline is currently bleeding cash.
There's no way that ends until the pandemic is under control, and investors in November cheered positive developments in the effort to get a vaccine to the public. Two vaccine candidates reported better-than-expected efficacy in the month, raising hopes that we might be near the beginning of the end of the crisis.
Image source: Getty Images.
Southwest is among the top operators in the industry, with a balance sheet that should allow it to be opportunistic as a recovery takes hold. The airline is already looking for bargains in the airplane market, negotiating with Boeing to potentially take planes that have been abandoned by other buyers.
Delta, too, is looking to differentiate itself, holding firm with limits on how full its cabins will be during a pandemic even as most of its rivals are removing caps. That's a risky strategy at a time when airlines desperately need revenue, but if we see the beginnings of a recovery early in 2021, the company should have ample cash to get buy even with reduced seating.
American, seen as the most vulnerable of the major airlines due to its debt, can least afford to see the crisis extend through 2021 and beyond. The company has plenty of cash to get by for now, and it's likely a popular choice among bargain hunters on Wall Street because the stock has fallen more than others during the pandemic.
Airline data by YCharts
Now what
A vaccine is unquestionably good news for the airline business and should remove the threat that any of these U.S. airlines end up in bankruptcy. It also keeps the most reasonable bull case for the sector intact, because there's at least a chance most of the population will be vaccinated in time for what could be a very busy summer travel season in 2021.
Still, investors should be careful not to get ahead of themselves.
Even in the best-case scenario, travel demand will likely not return to prepandemic levels until mid-decade at best. More lucrative parts of the industry, including business and international travel, will likely recover slower than lower-margin leisure travel. And once revenue does recover, the airlines will mostly be focused on paying down some of the billions in new debt they have taken on during the pandemic.
For those with the patience to wait out a recovery, it's time to start picking winners. Southwest and Delta stand out for those interested in riding out the turbulence up ahead.
10 stocks we like better than Southwest Airlines
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Southwest Airlines wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Lou Whiteman owns shares of Delta Air Lines. The Motley Fool recommends Delta Air Lines and Southwest Airlines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), and Southwest Airlines (NYSE: LUV) led the charge higher, up 31.4%, 25.3%, and 17.2% for the month, respectively, according to data provided by S&P Global Market Intelligence. So what The airline business has been hit harder than most by the pandemic, with travel demand evaporating last March and only slowly recovering in the months since. That's a risky strategy at a time when airlines desperately need revenue, but if we see the beginnings of a recovery early in 2021, the company should have ample cash to get buy even with reduced seating.
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Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), and Southwest Airlines (NYSE: LUV) led the charge higher, up 31.4%, 25.3%, and 17.2% for the month, respectively, according to data provided by S&P Global Market Intelligence. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Delta Air Lines. The Motley Fool recommends Delta Air Lines and Southwest Airlines.
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Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), and Southwest Airlines (NYSE: LUV) led the charge higher, up 31.4%, 25.3%, and 17.2% for the month, respectively, according to data provided by S&P Global Market Intelligence. Airline data by YCharts Now what A vaccine is unquestionably good news for the airline business and should remove the threat that any of these U.S. airlines end up in bankruptcy. 10 stocks we like better than Southwest Airlines When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), and Southwest Airlines (NYSE: LUV) led the charge higher, up 31.4%, 25.3%, and 17.2% for the month, respectively, according to data provided by S&P Global Market Intelligence. There's no way that ends until the pandemic is under control, and investors in November cheered positive developments in the effort to get a vaccine to the public. That's a risky strategy at a time when airlines desperately need revenue, but if we see the beginnings of a recovery early in 2021, the company should have ample cash to get buy even with reduced seating.
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4954.0
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2020-12-03 00:00:00 UTC
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Pre-Market Most Active for Dec 3, 2020 : LIZI, EVK, NIO, WDR, FCEL, AAL, TSLA, CATB, PLTR, AMC, WMB, XPEV
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-3-2020-%3A-lizi-evk-nio-wdr-fcel-aal-tsla-catb-pltr-amc-wmb
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The NASDAQ 100 Pre-Market Indicator is up 22.63 to 12,479.04. The total Pre-Market volume is currently 77,067,014 shares traded.
The following are the most active stocks for the pre-market session:
LIZHI INC. (LIZI) is +1.9001 at $4.26, with 19,025,000 shares traded. As reported by Zacks, the current mean recommendation for LIZI is in the "buy range".
Ever-Glory International Group, Inc. (EVK) is +4.03 at $6.13, with 5,093,169 shares traded.
NIO Inc. (NIO) is -0.28 at $47.70, with 3,650,414 shares traded. NIO's current last sale is 144.55% of the target price of $33.
Waddell & Reed Financial, Inc. (WDR) is +8.34 at $25.35, with 2,038,522 shares traded. WDR's current last sale is 169% of the target price of $15.
FuelCell Energy, Inc. (FCEL) is +0.5 at $7.74, with 1,590,562 shares traded. FCEL's current last sale is 344% of the target price of $2.25.
American Airlines Group, Inc. (AAL) is +0.26 at $15.12, with 1,389,174 shares traded. AAL's current last sale is 151.2% of the target price of $10.
Tesla, Inc. (TSLA) is +25.0635 at $593.88, with 1,355,787 shares traded. TSLA's current last sale is 131.24% of the target price of $452.5.
Catabasis Pharmaceuticals, Inc. (CATB) is +0.12 at $2.21, with 1,298,147 shares traded. CATB's current last sale is 192.17% of the target price of $1.15.
Palantir Technologies Inc. (PLTR) is +1.06 at $23.57, with 1,178,809 shares traded. PLTR's current last sale is 162.55% of the target price of $14.5.
AMC Entertainment Holdings, Inc. (AMC) is -0.2798 at $4.04, with 1,164,036 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021. The consensus EPS forecast is $-1.97. AMC's current last sale is 115.43% of the target price of $3.5.
Williams Companies, Inc. (The) (WMB) is -0.08 at $21.57, with 1,039,866 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $0.32. As reported by Zacks, the current mean recommendation for WMB is in the "buy range".
XPeng Inc. (XPEV) is +0.91 at $56.91, with 1,009,833 shares traded. As reported by Zacks, the current mean recommendation for XPEV is in the "strong buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is +0.26 at $15.12, with 1,389,174 shares traded. AAL's current last sale is 151.2% of the target price of $10. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2021.
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American Airlines Group, Inc. (AAL) is +0.26 at $15.12, with 1,389,174 shares traded. AAL's current last sale is 151.2% of the target price of $10. As reported by Zacks, the current mean recommendation for LIZI is in the "buy range".
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American Airlines Group, Inc. (AAL) is +0.26 at $15.12, with 1,389,174 shares traded. AAL's current last sale is 151.2% of the target price of $10. The total Pre-Market volume is currently 77,067,014 shares traded.
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American Airlines Group, Inc. (AAL) is +0.26 at $15.12, with 1,389,174 shares traded. AAL's current last sale is 151.2% of the target price of $10. The NASDAQ 100 Pre-Market Indicator is up 22.63 to 12,479.04.
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4955.0
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2020-12-03 00:00:00 UTC
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US STOCKS-S&P 500, Nasdaq hit record highs as vaccine cheer overshadows grim data
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-500-nasdaq-hit-record-highs-as-vaccine-cheer-overshadows-grim-data-2020-12-03
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By Shriya Ramakrishnan and Medha Singh
Dec 3 (Reuters) - The S&P 500 and the Nasdaq touched all-time highs on Thursday as investors looked past bleak economic data, while remaining focused on a COVID-19 vaccine, with the blue-chip Dow getting a boost from Boeing shares.
Boeing Co BA.N jumped about 7% after budget airline Ryanair RYA.I ordered 75 additional 737 MAX jets with a list price of $9 billion, throwing a commercial lifeline to the embattled U.S. planemaker.
Tesla Inc's TSLA.O 4% gain underpinned the Nasdaq after Goldman Sachs upgraded the stock to "buy" in the run-up to the electric-car maker's addition to the S&P 500.
Earlier in the day, data showed the number of Americans filing first-time claims for jobless benefits fell last week, but remained extraordinarily high at 712,000, while a separate survey showed U.S. services industry activity slowed to a six-month low in November.
"Markets are discounting the bad economic news and focusing on a vaccine implementation plan ... they are optimistic that a vaccine will bring a recovery in the second half of next year," said Mike Cornacchioli, chief investment strategist at Clarfeld Citizens Private Wealth.
U.S. Senate Majority Leader Mitch McConnell said there was some positive movement in congressional efforts to reach a compromise on a new coronavirus aid bill but gave no hints on when such a deal could be struck.
At 11:38 a.m. ET, the Dow Jones Industrial Average .DJI rose 180.08 points, or 0.60% to 30,063.87, the S&P 500 .SPX gained 9.03 points, or 0.25% to 3,678.04 and the Nasdaq Composite .IXIC gained 58.22 points, or 0.47% to 12,407.61.
Seven of the 11 major S&P sectors were higher, with the energy sector .SPNY leading gains.
The communication services index .SPLRCL hit its highest since its creation in 2018.
Progress in developing a working COVID-19 vaccine before the end of the year has driven the Wall Street's main indexes to record levels recently.
That also helped lift the S&P 1500 airlines index .SPCOMAIR up 6%. Cruise operators Carnival Corp CCL.N jumped 8% and Norwegian Cruise Line Holdings Ltd NCLH.N surged 9%.
Cloud-security provider Zscaler Inc ZS.O surged 25% as it reported better-than-expected first-quarter revenue and adjusted profit.
Waddell & Reed Financial WDR.N surged 49%, extending gains from the previous session, after Australia's Macquarie Group MQG.AX announced a deal to buy the wealth manager for $1.7 billion.
Advancing issues outnumbered decliners by a 2.9-to-1 ratio on the NYSE and by a 2-to-1 ratio on the Nasdaq.
The S&P 500 posted 28 new 52-week highs and no new low while the Nasdaq recorded 241 new highs and 10 new lows.
(Reporting by Shriya Ramakrishnan and Medha Singh in Bengaluru; Editing by Saumyadeb Chakrabarty and Anil D'Silva)
((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842 ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Shriya Ramakrishnan and Medha Singh Dec 3 (Reuters) - The S&P 500 and the Nasdaq touched all-time highs on Thursday as investors looked past bleak economic data, while remaining focused on a COVID-19 vaccine, with the blue-chip Dow getting a boost from Boeing shares. Boeing Co BA.N jumped about 7% after budget airline Ryanair RYA.I ordered 75 additional 737 MAX jets with a list price of $9 billion, throwing a commercial lifeline to the embattled U.S. planemaker. U.S. Senate Majority Leader Mitch McConnell said there was some positive movement in congressional efforts to reach a compromise on a new coronavirus aid bill but gave no hints on when such a deal could be struck.
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By Shriya Ramakrishnan and Medha Singh Dec 3 (Reuters) - The S&P 500 and the Nasdaq touched all-time highs on Thursday as investors looked past bleak economic data, while remaining focused on a COVID-19 vaccine, with the blue-chip Dow getting a boost from Boeing shares. Earlier in the day, data showed the number of Americans filing first-time claims for jobless benefits fell last week, but remained extraordinarily high at 712,000, while a separate survey showed U.S. services industry activity slowed to a six-month low in November. (Reporting by Shriya Ramakrishnan and Medha Singh in Bengaluru; Editing by Saumyadeb Chakrabarty and Anil D'Silva) ((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842 ;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Shriya Ramakrishnan and Medha Singh Dec 3 (Reuters) - The S&P 500 and the Nasdaq touched all-time highs on Thursday as investors looked past bleak economic data, while remaining focused on a COVID-19 vaccine, with the blue-chip Dow getting a boost from Boeing shares. Earlier in the day, data showed the number of Americans filing first-time claims for jobless benefits fell last week, but remained extraordinarily high at 712,000, while a separate survey showed U.S. services industry activity slowed to a six-month low in November. ET, the Dow Jones Industrial Average .DJI rose 180.08 points, or 0.60% to 30,063.87, the S&P 500 .SPX gained 9.03 points, or 0.25% to 3,678.04 and the Nasdaq Composite .IXIC gained 58.22 points, or 0.47% to 12,407.61.
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By Shriya Ramakrishnan and Medha Singh Dec 3 (Reuters) - The S&P 500 and the Nasdaq touched all-time highs on Thursday as investors looked past bleak economic data, while remaining focused on a COVID-19 vaccine, with the blue-chip Dow getting a boost from Boeing shares. Boeing Co BA.N jumped about 7% after budget airline Ryanair RYA.I ordered 75 additional 737 MAX jets with a list price of $9 billion, throwing a commercial lifeline to the embattled U.S. planemaker. Tesla Inc's TSLA.O 4% gain underpinned the Nasdaq after Goldman Sachs upgraded the stock to "buy" in the run-up to the electric-car maker's addition to the S&P 500.
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4956.0
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2020-12-02 00:00:00 UTC
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Trained dogs, yes. But other pets on board is U.S. airlines' call - regulator
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AAL
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https://www.nasdaq.com/articles/trained-dogs-yes.-but-other-pets-on-board-is-u.s.-airlines-call-regulator-2020-12-02
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nan
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By David Shepardson
WASHINGTON, Dec 2 (Reuters) - Only trained dogs qualify as service animals on U.S. airlines, as regulators rejected requests to extend legal protections to miniature horses, monkeys and other species, under final U.S. Transportation Department rules issued Wednesday.
Airlines can still choose which other species to allow on board, but the rules issued on Wednesday largely resolve years of disputes with passengers who falsely claim pets as "emotional support animals," which may travel in the cabin with little oversight.
Under existing rules, airlines were required to recognize with limited exceptions emotional support animals as service animals. Now they can classify them as pets.
Legally protected service animals are now limited to dogs trained to do perform tasks for a person who may be visually impaired or have psychiatric or other disabilities, and airlines do not have to allow "emotional support animals."
Airlines charge as much as $175 to transport pets, a good reason to claim pets as emotional support animals. As recently as 2017, U.S. carriers transported 751,000 of them.
Species such as horses, cats and capuchin monkeys will not get service animal status from U.S. regulators, but airlines may recognize them as service animals if they choose. Airlines may still not refuse a service animal based solely on breed or generalized physical type.
Airlines for America, an industry trade group, said the rule "will protect the traveling public and airline crew members from untrained animals in the cabin."
U.S. carriers including Southwest Airlines Co LUV.N, Delta Air Lines DAL.N, United Airlines UAL.O and American Airlines AAL.O in recent years have limited emotional support animals in cabins to largely dogs and cats after passengers boarded with exotic pets such as monkeys, pigs and birds that could pose a safety risk.
Spirit Airlines Inc SAVE.N told regulators it had lost "millions of dollars in pet carriage fees from passengers fraudulently claiming their 'house pets are service or support animals.'"
In 2018, Delta noted some passengers "attempted to fly with comfort turkeys, gliding possums known as sugar gliders, snakes" and spiders. That year, American Airlines AAL.O said it would not allow a wide variety of creatures on flights as support animals including goats, ferrets, hedgehogs, amphibians and reptiles.
The new rules will take effect 30 days after publication in the federal register.
(Reporting by David Shepardson; Editing by Richard Chang)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That year, American Airlines AAL.O said it would not allow a wide variety of creatures on flights as support animals including goats, ferrets, hedgehogs, amphibians and reptiles. U.S. carriers including Southwest Airlines Co LUV.N, Delta Air Lines DAL.N, United Airlines UAL.O and American Airlines AAL.O in recent years have limited emotional support animals in cabins to largely dogs and cats after passengers boarded with exotic pets such as monkeys, pigs and birds that could pose a safety risk. By David Shepardson WASHINGTON, Dec 2 (Reuters) - Only trained dogs qualify as service animals on U.S. airlines, as regulators rejected requests to extend legal protections to miniature horses, monkeys and other species, under final U.S. Transportation Department rules issued Wednesday.
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U.S. carriers including Southwest Airlines Co LUV.N, Delta Air Lines DAL.N, United Airlines UAL.O and American Airlines AAL.O in recent years have limited emotional support animals in cabins to largely dogs and cats after passengers boarded with exotic pets such as monkeys, pigs and birds that could pose a safety risk. That year, American Airlines AAL.O said it would not allow a wide variety of creatures on flights as support animals including goats, ferrets, hedgehogs, amphibians and reptiles. Airlines can still choose which other species to allow on board, but the rules issued on Wednesday largely resolve years of disputes with passengers who falsely claim pets as "emotional support animals," which may travel in the cabin with little oversight.
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U.S. carriers including Southwest Airlines Co LUV.N, Delta Air Lines DAL.N, United Airlines UAL.O and American Airlines AAL.O in recent years have limited emotional support animals in cabins to largely dogs and cats after passengers boarded with exotic pets such as monkeys, pigs and birds that could pose a safety risk. That year, American Airlines AAL.O said it would not allow a wide variety of creatures on flights as support animals including goats, ferrets, hedgehogs, amphibians and reptiles. Airlines can still choose which other species to allow on board, but the rules issued on Wednesday largely resolve years of disputes with passengers who falsely claim pets as "emotional support animals," which may travel in the cabin with little oversight.
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U.S. carriers including Southwest Airlines Co LUV.N, Delta Air Lines DAL.N, United Airlines UAL.O and American Airlines AAL.O in recent years have limited emotional support animals in cabins to largely dogs and cats after passengers boarded with exotic pets such as monkeys, pigs and birds that could pose a safety risk. That year, American Airlines AAL.O said it would not allow a wide variety of creatures on flights as support animals including goats, ferrets, hedgehogs, amphibians and reptiles. Airlines can still choose which other species to allow on board, but the rules issued on Wednesday largely resolve years of disputes with passengers who falsely claim pets as "emotional support animals," which may travel in the cabin with little oversight.
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4957.0
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2020-12-02 00:00:00 UTC
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Expect AAL Stock to Spike At Least 53% Higher Before the End of 2021
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AAL
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https://www.nasdaq.com/articles/expect-aal-stock-to-spike-at-least-53-higher-before-the-end-of-2021-2020-12-02
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
American Airlines (NASDAQ:AAL) will likely make substantially more cash flow by the end of 2021. As a result, AAL stock could be worth at least 53% more than today based on its historical cash flow margins.
Source: GagliardiPhotography / Shutterstock.com
The airline said on Oct. 22 that it expects to significantly reduce its daily cash burn in Q4 to about $2.6 billion. This is based on a fall in its liquidity from $15.6 billion to $13 billion by the end of the quarter.
The airline also said it expects system capacity to be down 50% or so during the quarter. But the good news is that it will have sufficient capacity to last through 2021. Assuming traffic picks up, its cash flow should be significantly higher by the end of the year.
The latest TSA security checkpoint numbers show that traffic is starting to rise. For example, for the week ending Nov. 28, the total number of travelers was 40% of the total last year. During several of those days last week, traffic was up to 45%.
Moreover, with the arrival of several vaccines soon, traffic demand will likely pick up, despite lockdown restrictions mainly in the larger cities in the U.S. This will significantly push up its cash flow from operations (CFFO).
American Airlines’ CFFO Model
We can put together a simple model using a projection of American Airlines’ CFFO by the end of the year. Analysts polled by Seeking Alpha expect that revenue will be $27.21 billion in 2021.
7 Stocks to Sell for December
We can use this forecast to estimate its CFFO by the end of 2021. For example, last year American Airlines made $3.885 billion on revenues of $45.768 billion. That works out to a CFFO margin of 8.5%.
Moreover, even when business turned down in Q1 due to the onslaught of the coronavirus, American Airlines still had positive CFFO. It generated $2 billion CFFO on $43.669 billion in revenue over its last 12 months (LTM) to March 31, 2020. That is still a margin of 4.6%.
So let’s assume that by 2021 year-end, the market will assume, due to increased traffic, that American Airlines will make an average margin of 6.5%.
Therefore, if it reaches revenue of $27.21 billion, its CFFO will be $1.769 billion. This may not be enough to lead to free cash flow profits, but I believe the market will assume those will arrive.
Now if AAL stock sports a 10% CFFO yield, its market capitalization will be worth $17.69 billion. That is over 100% higher than its present $8.2 billion market cap.
But let’s get even more conservative. Let’s say that American Airlines makes just a 4.6% CFFO margin, just like in the LTM March quarter. That implies a CFFO of $1.256 billion (i.e., 4.6% times $27.21 billion in revenue forecast for 2021).
Using the same 10% CFFO yield, the market cap will be $12.56 billion. That is 53% higher than the company’s present $8.2 billion market cap.
In other words, AAL stock is worth at least $22.92 per share, 53% higher than its price of $14.98 as of Nov. 27.
What to Do With AAL Stock
Granted, this is a simplistic way of looking at the potential value for American Airlines. Other analysts on the sell-side of Wall Street are not as sanguine about the company.
For example, TipRanks reports that nine analysts have an average price target of $10.20. That represents a 32% drop in AAL stock which is at $14.98, as of Nov. 27. Yahoo! Finance also reports a target of $10.92 for 18 analysts.
However, Marketbeat.com says that the consensus price target of 20 analysts is $14.50, or a downside of 3.2% from today.
I wouldn’t put too much faith in these analysts. It is much better to derive your own simple model, which you can easily track or verify, just like I did above.
That way you can have more conviction should you buy the stock at today’s price. Once the stock hits your target, you can reassess the situation using the same model in order to decide whether to sell.
My very conservative model shows AAL stock should rise by 53% by the end of 2021 to $22.92 using very conservative assumptions.
On the date of publication, Mark R. Hake had a long position in American Airlines stock (AAL).
Mark Hake runs the Total Yield Value Guide which you can review here.
The post Expect AAL Stock to Spike At Least 53% Higher Before the End of 2021 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a result, AAL stock could be worth at least 53% more than today based on its historical cash flow margins. On the date of publication, Mark R. Hake had a long position in American Airlines stock (AAL). InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) will likely make substantially more cash flow by the end of 2021.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) will likely make substantially more cash flow by the end of 2021. As a result, AAL stock could be worth at least 53% more than today based on its historical cash flow margins. Now if AAL stock sports a 10% CFFO yield, its market capitalization will be worth $17.69 billion.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) will likely make substantially more cash flow by the end of 2021. Now if AAL stock sports a 10% CFFO yield, its market capitalization will be worth $17.69 billion. As a result, AAL stock could be worth at least 53% more than today based on its historical cash flow margins.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) will likely make substantially more cash flow by the end of 2021. As a result, AAL stock could be worth at least 53% more than today based on its historical cash flow margins. Now if AAL stock sports a 10% CFFO yield, its market capitalization will be worth $17.69 billion.
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2020-12-02 00:00:00 UTC
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7 Reopening Stocks To Buy For A Post-Vaccine World
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AAL
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https://www.nasdaq.com/articles/7-reopening-stocks-to-buy-for-a-post-vaccine-world-2020-12-02
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Stock markets have rallied to record highs in November over expectations of an impending vaccine against Covid-19 and hopes that the economy will fully reopen in 2021.
However, while the current rally pushed the Dow Jones Industrial Average above 30,000 for the first time ever, those gains are spread unevenly across stocks. So where should investors be putting their money now?
7 Stocks to Sell for December
Here we look at seven reopening stocks to buy for a post-vaccine world.
American Airlines (NASDAQ:AAL)
Starbucks (NASDAQ:SBUX)
L Brands (NYSE:LB)
Citigroup (NYSE:C)
American Express (NYSE:AXP)
General Motors (NYSE:GM)
Walt Disney (NYSE:DIS)
Generally, cyclical value stocks have been winners while many technology and so called “stay at home” stocks that led throughout the pandemic have been beaten down as investors re-balance their portfolios. Let’s dive in.
Stocks To Buy For A Post-Vaccine World: American Airlines (AAL)
Source: GagliardiPhotography / Shutterstock.com
Let’s start with an obvious re-opening play, American Airlines. As the largest air carrier in the entire world, American Airlines is better positioned than most of its competitors to benefit from a resumption of air travel both domestically within the U.S. and to foreign destinations.
The global pandemic has, of course, been hard on the Fort Worth, Texas-based company and its shareholders. AAL stock plunged from a peak of $30.78 in February to a low of $9.50 a share in April, a decline of 69%, as lockdown measures and border closures around the world caused passenger volumes to fall off a cliff.
Share price got a boost in recent weeks as positive news circulated about a Covid-19 vaccine. But investors were disappointed when American Airlines announced on November 10 that it would be issuing an additional 38.5 million shares of common stock in an effort to boost liquidity and help bridge the business until travel resumes in earnest, likely in the second half of 2021.
At its current price of just under $15 a share, AAL stock remains a bargain and is still 50% below its 52-week high. While the company has taken on more than $40 billion of debt this year, it has the size and resources to recover once air travel resumes globally. Plus, the carrier got a recent boost when domestic air travel spiked during the Thanksgiving holidays and it could get another shot in the arm if President Donald Trump follows through with his pledge to lift travel restrictions between the U.S. and European Union.
To be sure, Covid-19 cases continue to rise and American Airlines is not out of trouble yet. However, when looking beyond the pandemic to a post-vaccine world, there are few stocks as likely to come roaring back than the biggest U.S. airline.
Starbucks (SBUX)
Source: monticello / Shutterstock.com
Starbucks weathered the global pandemic pretty well. In fact, SBUX stock is now hovering right around its 52-week high of $99.33 a share, and has risen 76% from its March low of $56.33.
However, Starbucks is likely to get a further boost once Covid-19 is in the rearview mirror, especially given the companies international expansion plans. The coffee retailer has announced plans to open 1,100 new stores in 2021, and all but 50 of those will be based outside of the U.S.
The increase will amount to 3.4% growth for its existing store base of 32,660 outlets. And those store openings are likely to be much more successful once people get vaccinated against Covid-19 and feel confident sipping a latte without having to wear a mask or stand six feet away from others in line.
Even within the U.S., Starbucks is re-configuring its operations as a result of the pandemic. Next year, the Seattle-based company plans to close 800 of its stores and then open 850 new stores in different locations around the company — shifting many outlets from urban centers to suburban outer regions. Management at Starbucks has concluded that urban centers in the U.S. are likely to endure long-term damage because of the pandemic, while more people will continue working from home long-term in the suburbs rather than commuting into city centers on a daily basis.
7 Stocks to Sell for December
Signs of growing optimism include the fact that Starbucks recent fiscal fourth quarter earnings were better than analysts had expected, and the company is giving employees a raise. Starbucks says it will increase pay for baristas, shift supervisors and attendants by at least 10% as soon as December 14 of this year. The company will also increase starting wages by 5% in an effort to help attract and retain new employees.
L Brands (LB)
Source: mysirikwan / Shutterstock.com
With its focus on women’s leisurewear and bath and beauty products, L Brands is one of the few apparel companies likely to survive the shift to casual work-from-home wear. LB stock has been on an upswing lately, with more gains likely in 2021. The share price has more than doubled to $38.95 since July of this year.
The company’s most recent earnings report on November 18 caused the stock to jump 18% in one day. L Brands revenue in the third quarter rose 14% year-over-year, with a huge 28% increase in comparable-store sales. Adjusted earnings came in at $1.13 per share, up from $0.02 a year ago. The biggest boost came from increased demand for soap and hand sanitizer during the pandemic.
While lingerie sales at L Brands outlets such as Victoria’s Secret continue to be choppy, the company’s Bath & Body Works brand (which sell soap and hand sanitizer) is going gangbusters. Overall sales for Bath & Body Works were up 56% year-over-year in the third quarter, with a 38% annual increase at physical store locations. The key moving forward will be for L Brands to find a way to maintain the momentum at Bath & Body Works after the Covid-19 pandemic subsides.
Increasingly though, the company looks to be focusing on Bath & Body Works and even tried to sell Victoria’s Secret at one point. Moving more into bath and beauty products could be a smart move for L Brands as the economy reopens throughout 2021.
Citigroup (C)
Source: Shutterstock
Like the entire banking sector, Citigroup’s stock price languished for most of 2020. But now, bank stocks are proving to be one of the prime beneficiaries of Covid-19 vaccine news. And among banks, Citigroup stock is one to own.
Since the start of November, C stock has rallied 35%, largely on news of the Covid-19 vaccine roll out. This comes after being largely flat since the spring. And, while Citigroup’s share price has jumped lately, at $57.06, it still remains depressed and 31% below its 52-week high of $83.11 a share.
As the economy gains steam throughout 2021, investors can expect the entire banking sector to benefit. That suggests the rally in Citigroup stock has likely only just begun.
In a post-Covid world, analysts expect Citigroup to benefit from a credit recovery and the eventual increase of interest rates, as well as rising employment and consumer spending. There is also an expectation that Citigroup may resume share repurchases in 2021, which would further boost the price of C stock.
7 Stocks to Sell for December
The fourth largest bank in the U.S. is positioned for continued growth and will benefit from improving conditions and sentiment for the banking sector as a whole. Analysts remain bullish, with a median price target on the stock of $61.50 and a high estimate of $99 a share.
American Express (AXP)
Source: First Class Photography / Shutterstock.com
If Citigroup is the bank stock you want to own, then American Express is the credit card stock to keep in your portfolio. American Express, after all, is the credit card primarily used by business travelers. And while business travel may not return to levels seen before the pandemic, it is certainly going to get a lot better once a Covid-19 vaccine is widely available.
Since bottoming in March at $68.96 a share, AXP stock has climbed back 75%, now standing at $120.58 a share. However, the stock still has a ways to go to top its 52-week high of $138.13 per share. But American Express is trending in the right direction and has been a big beneficiary of the recent rotation out of technology growth stocks and into cyclical, blue-chip stocks.
Heading into 2021, American Express, along with other credit card providers, will likely benefit on two fronts in a post-vaccine world. First, American Express will benefit from a resumption of travel in the U.S. and abroad. While American Express is associated with business travel, plenty of people use the credit card for leisure travel as well.
Second, American Express will also get a boost from stronger consumer spending and retail sales expected next year. It’s a double shot in the arm that is likely to help propel AXP stock higher over the next 12 months. With operations in 130 countries, American Express will recover alongside the global economy.
General Motors (GM)
Source: Katherine Welles / Shutterstock.com
General Motors should see sales pick-up in 2021 as consumer confidence returns and people feel more confident spending money on big ticket items such as a new or used vehicle. And GM should also reap dividends from its switch to electric vehicles.
In fact, as other automakers around the world have struggled financially this year, GM has thrived thanks to robust truck and sport utility vehicle sales and a faster than expected economic recovery in China. The company’s recent third quarter results handily topped analysts estimates and GM stock popped on the news. After a decade of sub-par returns, many investors feel that GM has finally turned a corner for shareholders.
Improving consumer confidence, enthusiasm for its line up of electric vehicles and optimism for a vaccine have helped GM stock rise 170% from its March low of $16.80 a share to its current price of $45.46 a share. The current momentum has led analysts to raise their price targets on the stock and recommend buying it before it runs even higher.
7 Stocks to Sell for December
Investor enthusiasm for GM has been further stoked by rumors that the company will revive its dividend , which was discontinued earlier this year as the global pandemic took hold. Clearly, this automaker is moving in the right direction.
Walt Disney (DIS)
Source: nikkimeel / Shutterstock.com
It’s been a tale of two companies at Walt Disney throughout 2020. On one hand, theme parks and cruise ships around the world have been closed due to the pandemic, resulting in more than $2 billion of losses and 32,000 staff layoffs for the company. On the other hand, lockdowns and stay at home orders drove subscriptions of the Disney+ streaming service beyond the wildest expectations of the most bullish executives and analysts.
Since launching in November 2019, Disney+ has racked up nearly 75 million subscribers. Those numbers grew exponentially throughout the pandemic. In 2021, Disney is likely to retain those streaming subscriptions while also benefitting from the reopening of its parks, attractions and cruises.
Many analysts see DIS stock as a pure reopening play and expect it to rise over the coming year. Since its March bottom, the Mouse House has seen its share price rise 73.5% to its current level of $149.09. The stock has been buoyed by the fact that the company held $23.1 billion in cash on the balance sheet at the end of summer, which should be enough to fund near-term expenses during the final leg of the global pandemic.
Also, despite the shutdown of parks, resorts and cruise lines, Disney still managed to generate $454 million in free cash flow during its most recent quarter. With many of its theme parks starting to re-open on a limited basis, things can only go up for the Mouse House.
On the date of publication, Joel Baglole held long positions in C and DIS.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.est
The post 7 Reopening Stocks To Buy For A Post-Vaccine World appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAL stock plunged from a peak of $30.78 in February to a low of $9.50 a share in April, a decline of 69%, as lockdown measures and border closures around the world caused passenger volumes to fall off a cliff. American Airlines (NASDAQ:AAL) Starbucks (NASDAQ:SBUX) L Brands (NYSE:LB) Citigroup (NYSE:C) American Express (NYSE:AXP) General Motors (NYSE:GM) Walt Disney (NYSE:DIS) Generally, cyclical value stocks have been winners while many technology and so called “stay at home” stocks that led throughout the pandemic have been beaten down as investors re-balance their portfolios. Stocks To Buy For A Post-Vaccine World: American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com Let’s start with an obvious re-opening play, American Airlines.
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American Airlines (NASDAQ:AAL) Starbucks (NASDAQ:SBUX) L Brands (NYSE:LB) Citigroup (NYSE:C) American Express (NYSE:AXP) General Motors (NYSE:GM) Walt Disney (NYSE:DIS) Generally, cyclical value stocks have been winners while many technology and so called “stay at home” stocks that led throughout the pandemic have been beaten down as investors re-balance their portfolios. Stocks To Buy For A Post-Vaccine World: American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com Let’s start with an obvious re-opening play, American Airlines. AAL stock plunged from a peak of $30.78 in February to a low of $9.50 a share in April, a decline of 69%, as lockdown measures and border closures around the world caused passenger volumes to fall off a cliff.
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American Airlines (NASDAQ:AAL) Starbucks (NASDAQ:SBUX) L Brands (NYSE:LB) Citigroup (NYSE:C) American Express (NYSE:AXP) General Motors (NYSE:GM) Walt Disney (NYSE:DIS) Generally, cyclical value stocks have been winners while many technology and so called “stay at home” stocks that led throughout the pandemic have been beaten down as investors re-balance their portfolios. Stocks To Buy For A Post-Vaccine World: American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com Let’s start with an obvious re-opening play, American Airlines. AAL stock plunged from a peak of $30.78 in February to a low of $9.50 a share in April, a decline of 69%, as lockdown measures and border closures around the world caused passenger volumes to fall off a cliff.
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American Airlines (NASDAQ:AAL) Starbucks (NASDAQ:SBUX) L Brands (NYSE:LB) Citigroup (NYSE:C) American Express (NYSE:AXP) General Motors (NYSE:GM) Walt Disney (NYSE:DIS) Generally, cyclical value stocks have been winners while many technology and so called “stay at home” stocks that led throughout the pandemic have been beaten down as investors re-balance their portfolios. Stocks To Buy For A Post-Vaccine World: American Airlines (AAL) Source: GagliardiPhotography / Shutterstock.com Let’s start with an obvious re-opening play, American Airlines. AAL stock plunged from a peak of $30.78 in February to a low of $9.50 a share in April, a decline of 69%, as lockdown measures and border closures around the world caused passenger volumes to fall off a cliff.
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b313cec4-b245-46ac-b27d-df9b28ec025b
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4959.0
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2020-12-02 00:00:00 UTC
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Boeing 737 MAX returns to skies with media onboard
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AAL
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https://www.nasdaq.com/articles/boeing-737-max-returns-to-skies-with-media-onboard-2020-12-02
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nan
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nan
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By Tracy Rucinski
DALLAS, Dec 2 (Reuters) - Boeing Co's BA.N 737 MAX is poised to make its first public appearance with media onboard since being grounded over fatal crashes, as one of its biggest customers, American Airlines AAL.O, seeks to prove it is safe for passengers.
Wednesday's planned flight from Dallas, Texas, to Tulsa, Oklahoma, comes weeks before the first commercial passenger flight on Dec. 29, and is part of a concerted PR effort to restore the jet's image following a 20-month ban.
American Airlines Chief Executive Doug Parker said on Instagram he had flown on the MAX with his wife and airline colleagues on Tuesday "with the utmost peace of mind".
Boeing's best-selling jet was grounded in March 2019 after two crashes in five months killed a combined 346 people, marking the industry's worst safety crisis in decades and undermining U.S. aviation regulatory leadership.
Wednesday's flight marks the first time anyone besides regulators and industry personnel have flown on the MAX since the grounding, which rocked the aviation industry and ignited investigations focusing on software that overwhelmed pilots.
Last month, the U.S. Federal Aviation Administration cleared the jet following design changes and new training.
A smooth return to service for the MAX is seen as critical for Boeing's reputation and finances, which have been hit hard by a freeze on MAX deliveries as well as the coronavirus crisis.
It is bracing for intense publicity from even routine glitches by manning a 24-hour "situation room" to monitor every MAX flight globally, and has briefed some industry commentators on details on the return to service, industry sources said.
Boeing has said that airlines will take a direct role in demonstrating to passengers that the 737 MAX is safe.
"We are continuing to work closely with global regulators and our customers to safely return the fleet to commercial service," a spokesman said.
Brazil's Gol Linhas Aereas Inteligentes GOLL4.SA is planning a similar media event this month, with cautious hopes to fly its first commercial flights as soon as next week.
CEREMONY SCRAPPED
The PR efforts are designed to highlight software and training upgrades which the FAA has said remove any doubt about the plane's safety.
But families of some victims of the crashes in Indonesia and Ethiopia have protested the return to service, saying it is premature before a final investigative report on the second crash has been released.
Boeing toned down its original plans for the plane's return as the crisis dragged on longer than it expected - scrapping a high-profile publicity campaign, a ceremony in the Seattle area and a tour using an Oman Air 737 MAX, industry sources said.
Airlines and leasing companies have spent hundreds of billions of dollars buying the latest upgrade of the 737, the world's most-sold passenger aircraft.
Lured by sharp discounts and anxious to help repair the MAX's reputation around which they have built their fleet plans, some airlines are now stepping in to show commercial support.
Alaska Airlines ALKAIR.UL agreed to lease 13 Boeing 737 MAX last week and Ireland's Ryanair RYA.I is expected to place a large order for the jets as soon as this week.
U.S. lifts Boeing 737 MAX flight ban after crash probes, tough hurdles remain
FOCUS-Boeing 737 MAX jets undergo round-the-clock effort to clear inventory
ANALYSIS-As regulators prepare to weigh in on 737 MAX, FAA's global dominance fades
FACTBOX-Key changes to Boeing's 737 MAX after fatal crashes
TIMELINE-Boeing's 737 MAX crisis
(Reporting by Tracy Rucinski in Dallas, Texas Additional reporting by Marcelo Rochabrun in Sao Paulo, Tim Hepher in Paris Writing by Eric M. Johnson in Seattle Editing by Matthew Lewis and David Evans)
((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski DALLAS, Dec 2 (Reuters) - Boeing Co's BA.N 737 MAX is poised to make its first public appearance with media onboard since being grounded over fatal crashes, as one of its biggest customers, American Airlines AAL.O, seeks to prove it is safe for passengers. Boeing's best-selling jet was grounded in March 2019 after two crashes in five months killed a combined 346 people, marking the industry's worst safety crisis in decades and undermining U.S. aviation regulatory leadership. Boeing toned down its original plans for the plane's return as the crisis dragged on longer than it expected - scrapping a high-profile publicity campaign, a ceremony in the Seattle area and a tour using an Oman Air 737 MAX, industry sources said.
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By Tracy Rucinski DALLAS, Dec 2 (Reuters) - Boeing Co's BA.N 737 MAX is poised to make its first public appearance with media onboard since being grounded over fatal crashes, as one of its biggest customers, American Airlines AAL.O, seeks to prove it is safe for passengers. Wednesday's planned flight from Dallas, Texas, to Tulsa, Oklahoma, comes weeks before the first commercial passenger flight on Dec. 29, and is part of a concerted PR effort to restore the jet's image following a 20-month ban. "We are continuing to work closely with global regulators and our customers to safely return the fleet to commercial service," a spokesman said.
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By Tracy Rucinski DALLAS, Dec 2 (Reuters) - Boeing Co's BA.N 737 MAX is poised to make its first public appearance with media onboard since being grounded over fatal crashes, as one of its biggest customers, American Airlines AAL.O, seeks to prove it is safe for passengers. A smooth return to service for the MAX is seen as critical for Boeing's reputation and finances, which have been hit hard by a freeze on MAX deliveries as well as the coronavirus crisis. U.S. lifts Boeing 737 MAX flight ban after crash probes, tough hurdles remain FOCUS-Boeing 737 MAX jets undergo round-the-clock effort to clear inventory ANALYSIS-As regulators prepare to weigh in on 737 MAX, FAA's global dominance fades FACTBOX-Key changes to Boeing's 737 MAX after fatal crashes TIMELINE-Boeing's 737 MAX crisis (Reporting by Tracy Rucinski in Dallas, Texas Additional reporting by Marcelo Rochabrun in Sao Paulo, Tim Hepher in Paris Writing by Eric M. Johnson in Seattle Editing by Matthew Lewis and David Evans) ((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski DALLAS, Dec 2 (Reuters) - Boeing Co's BA.N 737 MAX is poised to make its first public appearance with media onboard since being grounded over fatal crashes, as one of its biggest customers, American Airlines AAL.O, seeks to prove it is safe for passengers. Wednesday's planned flight from Dallas, Texas, to Tulsa, Oklahoma, comes weeks before the first commercial passenger flight on Dec. 29, and is part of a concerted PR effort to restore the jet's image following a 20-month ban. U.S. lifts Boeing 737 MAX flight ban after crash probes, tough hurdles remain FOCUS-Boeing 737 MAX jets undergo round-the-clock effort to clear inventory ANALYSIS-As regulators prepare to weigh in on 737 MAX, FAA's global dominance fades FACTBOX-Key changes to Boeing's 737 MAX after fatal crashes TIMELINE-Boeing's 737 MAX crisis (Reporting by Tracy Rucinski in Dallas, Texas Additional reporting by Marcelo Rochabrun in Sao Paulo, Tim Hepher in Paris Writing by Eric M. Johnson in Seattle Editing by Matthew Lewis and David Evans) ((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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5c16327a-8985-4e4d-a9db-f89a6d54d4af
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4960.0
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2020-12-02 00:00:00 UTC
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Pre-Market Most Active for Dec 2, 2020 : NIO, FCEL, BB, PLTR, PFE, LI, WORK, XPEV, MRNA, AAL, TLRY, JBLU
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-2-2020-%3A-nio-fcel-bb-pltr-pfe-li-work-xpev-mrna-aal-tlry
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is down -58.69 to 12,396.64. The total Pre-Market volume is currently 81,525,591 shares traded.
The following are the most active stocks for the pre-market session:
NIO Inc. (NIO) is -3.64 at $41.72, with 8,424,208 shares traded. NIO's current last sale is 126.42% of the target price of $33.
FuelCell Energy, Inc. (FCEL) is -2.06 at $6.99, with 4,913,676 shares traded. FCEL's current last sale is 310.67% of the target price of $2.25.
BlackBerry Limited (BB) is +0.85 at $7.85, with 4,299,029 shares traded., following a 52-week high recorded in prior regular session.
Palantir Technologies Inc. (PLTR) is -2.64 at $23.03, with 3,993,674 shares traded. PLTR's current last sale is 158.83% of the target price of $14.5.
Pfizer, Inc. (PFE) is +1.29 at $40.70, with 3,519,851 shares traded. PFE's current last sale is 96.9% of the target price of $42.
Li Auto Inc. (LI) is -2.11 at $32.75, with 2,953,583 shares traded. As reported by Zacks, the current mean recommendation for LI is in the "buy range".
Slack Technologies, Inc. (WORK) is -0.34 at $43.50, with 2,055,267 shares traded., following a 52-week high recorded in prior regular session.
XPeng Inc. (XPEV) is -2.87 at $49.49, with 1,981,711 shares traded. As reported by Zacks, the current mean recommendation for XPEV is in the "strong buy range".
Moderna, Inc. (MRNA) is -6.5 at $134.51, with 1,884,200 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $-0.39. As reported by Zacks, the current mean recommendation for MRNA is in the "buy range".
American Airlines Group, Inc. (AAL) is -0.01 at $14.26, with 1,473,216 shares traded. AAL's current last sale is 142.6% of the target price of $10.
Tilray, Inc. (TLRY) is +0.56 at $8.63, with 1,420,230 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $-0.14. TLRY's current last sale is 93.3% of the target price of $9.25.
JetBlue Airways Corporation (JBLU) is -1.16 at $14.26, with 1,307,846 shares traded. JBLU's current last sale is 90.54% of the target price of $15.75.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is -0.01 at $14.26, with 1,473,216 shares traded. AAL's current last sale is 142.6% of the target price of $10. BlackBerry Limited (BB) is +0.85 at $7.85, with 4,299,029 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is -0.01 at $14.26, with 1,473,216 shares traded. AAL's current last sale is 142.6% of the target price of $10. BlackBerry Limited (BB) is +0.85 at $7.85, with 4,299,029 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is -0.01 at $14.26, with 1,473,216 shares traded. AAL's current last sale is 142.6% of the target price of $10. The total Pre-Market volume is currently 81,525,591 shares traded.
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AAL's current last sale is 142.6% of the target price of $10. American Airlines Group, Inc. (AAL) is -0.01 at $14.26, with 1,473,216 shares traded. NIO's current last sale is 126.42% of the target price of $33.
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469b071d-647a-4a41-a498-812bdeee6156
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4961.0
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2020-12-02 00:00:00 UTC
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American Airlines holds first civilian passenger flight of 737 MAX in nearly two years
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AAL
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https://www.nasdaq.com/articles/american-airlines-holds-first-civilian-passenger-flight-of-737-max-in-nearly-two-years
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nan
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nan
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By Tracy Rucinski
DALLAS, Dec 2 (Reuters) - Boeing Co's BA.N 737 MAX on Wednesday will make its first public demonstration flight with members of the media since being grounded over fatal crashes, as one of its biggest customers, American Airlines AAL.O, seeks to prove it is safe for passengers.
The flight from the airline's base in Dallas, Texas, to Tulsa, Oklahoma, comes weeks before the airline's first commercial flight on Dec. 29, and is part of a PR effort by the planemaker and airlines to rehabilitate the jet's image following a record 20-month ban.
Boeing said it had no comment on the American flight and that it would not have staff aboard. The planemaker has said that airlines will take a direct role in demonstrating to passengers that the 737 MAX is safe.
Boeing's best-selling jet was grounded worldwide in March 2019 after two crashes five months apart killed a combined 346 people, marking the industry's worst safety crisis in decades and a huge setback for U.S. aviation regulatory leadership.
Wednesday's flight marks the first time anyone besides regulators and industry personnel have flown on the MAX since the grounding. Last month, the U.S. Federal Aviation Administration cleared it to fly. Brazil's Gol Linhas Aereas Inteligentes GOLL4.SA is planning a similar high-profile event for the redesigned MAX this month, with cautious hopes to fly its first commercial flights as soon as next week, a representative said.
SMOOTH RETURN?
A smooth return to service for the MAX is seen as critical for Boeing's reputation and finances.
The U.S. planemaker is bracing for intense publicity from even routine glitches by manning a 24-hour "situation room" to monitor every MAX flight globally, and has briefed some industry commentators on details on the return to service, industry sources said.
Airlines and leasing companies have spent hundreds of billions of dollars buying the latest upgrade of the 737, the world's most-sold aircraft.
But families of some of the crash victims in Indonesia and Ethiopia have protested the return to service, saying it is premature before a final investigative report on the second crash has been released.
The PR efforts are designed to highlight software and training upgrades which the FAA has said remove any doubt about the plane's safety.
Boeing toned down its original plans for the plane's eventual return as the crisis dragged on longer than executives expected, scrapping a high-profile publicity campaign which had included a ceremony in the Seattle area and a tour using an Oman Air 737 MAX, industry sources said.
A Boeing representative declined to comment.
Meanwhile, in a vote of confidence, airlines are stepping in to place orders for the MAX, with Alaska Airlines ALKAIR.UL agreeing to lease extra MAX jets last week, and Ireland's Ryanair RYA.I expected to top up MAX orders as early as this week.
U.S. lifts Boeing 737 MAX flight ban after crash probes, tough hurdles remain
FOCUS-Boeing 737 MAX jets undergo round-the-clock effort to clear inventory
ANALYSIS-As regulators prepare to weigh in on 737 MAX, FAA's global dominance fades
FACTBOX-Key changes to Boeing's 737 MAX after fatal crashes
TIMELINE-Boeing's 737 MAX crisis
(Reporting by Tracy Rucinski in Dallas, Texas Additional reporting by Marcelo Rochabrun in Sao Paulo Writing by Eric M. Johnson in Seattle Editing by Matthew Lewis)
((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski DALLAS, Dec 2 (Reuters) - Boeing Co's BA.N 737 MAX on Wednesday will make its first public demonstration flight with members of the media since being grounded over fatal crashes, as one of its biggest customers, American Airlines AAL.O, seeks to prove it is safe for passengers. Boeing's best-selling jet was grounded worldwide in March 2019 after two crashes five months apart killed a combined 346 people, marking the industry's worst safety crisis in decades and a huge setback for U.S. aviation regulatory leadership. Boeing toned down its original plans for the plane's eventual return as the crisis dragged on longer than executives expected, scrapping a high-profile publicity campaign which had included a ceremony in the Seattle area and a tour using an Oman Air 737 MAX, industry sources said.
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By Tracy Rucinski DALLAS, Dec 2 (Reuters) - Boeing Co's BA.N 737 MAX on Wednesday will make its first public demonstration flight with members of the media since being grounded over fatal crashes, as one of its biggest customers, American Airlines AAL.O, seeks to prove it is safe for passengers. Meanwhile, in a vote of confidence, airlines are stepping in to place orders for the MAX, with Alaska Airlines ALKAIR.UL agreeing to lease extra MAX jets last week, and Ireland's Ryanair RYA.I expected to top up MAX orders as early as this week. U.S. lifts Boeing 737 MAX flight ban after crash probes, tough hurdles remain FOCUS-Boeing 737 MAX jets undergo round-the-clock effort to clear inventory ANALYSIS-As regulators prepare to weigh in on 737 MAX, FAA's global dominance fades FACTBOX-Key changes to Boeing's 737 MAX after fatal crashes TIMELINE-Boeing's 737 MAX crisis (Reporting by Tracy Rucinski in Dallas, Texas Additional reporting by Marcelo Rochabrun in Sao Paulo Writing by Eric M. Johnson in Seattle Editing by Matthew Lewis) ((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski DALLAS, Dec 2 (Reuters) - Boeing Co's BA.N 737 MAX on Wednesday will make its first public demonstration flight with members of the media since being grounded over fatal crashes, as one of its biggest customers, American Airlines AAL.O, seeks to prove it is safe for passengers. Meanwhile, in a vote of confidence, airlines are stepping in to place orders for the MAX, with Alaska Airlines ALKAIR.UL agreeing to lease extra MAX jets last week, and Ireland's Ryanair RYA.I expected to top up MAX orders as early as this week. U.S. lifts Boeing 737 MAX flight ban after crash probes, tough hurdles remain FOCUS-Boeing 737 MAX jets undergo round-the-clock effort to clear inventory ANALYSIS-As regulators prepare to weigh in on 737 MAX, FAA's global dominance fades FACTBOX-Key changes to Boeing's 737 MAX after fatal crashes TIMELINE-Boeing's 737 MAX crisis (Reporting by Tracy Rucinski in Dallas, Texas Additional reporting by Marcelo Rochabrun in Sao Paulo Writing by Eric M. Johnson in Seattle Editing by Matthew Lewis) ((Eric.m.johnson@thomsonreuters.com; +1 206 707 1218; Follow me on Twitter @ByEricMJohnson;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski DALLAS, Dec 2 (Reuters) - Boeing Co's BA.N 737 MAX on Wednesday will make its first public demonstration flight with members of the media since being grounded over fatal crashes, as one of its biggest customers, American Airlines AAL.O, seeks to prove it is safe for passengers. The flight from the airline's base in Dallas, Texas, to Tulsa, Oklahoma, comes weeks before the airline's first commercial flight on Dec. 29, and is part of a PR effort by the planemaker and airlines to rehabilitate the jet's image following a record 20-month ban. But families of some of the crash victims in Indonesia and Ethiopia have protested the return to service, saying it is premature before a final investigative report on the second crash has been released.
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c0a13d93-8d81-4fd3-a36b-8d1a5c685cb6
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4962.0
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2020-12-01 00:00:00 UTC
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Tuesday's ETF with Unusual Volume: SPHB
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AAL
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https://www.nasdaq.com/articles/tuesdays-etf-with-unusual-volume%3A-sphb-2020-12-01
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nan
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nan
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The Invesco S&P 500— High Beta ETF is seeing unusually high volume in afternoon trading Tuesday, with over 7.0 million shares traded versus three month average volume of about 536,000. Shares of SPHB were up about 1.6% on the day.
Components of that ETF with the highest volume on Tuesday were American Airlines Group, trading up about 3.2% with over 41.7 million shares changing hands so far this session, and Carnival, up about 3% on volume of over 26.3 million shares. Western Digital is the component faring the best Tuesday, up by about 6.6% on the day, while Occidental Petroleum is lagging other components of the Invesco S&P 500— High Beta ETF, trading lower by about 3.1%.
VIDEO: Tuesday's ETF with Unusual Volume: SPHB
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Invesco S&P 500— High Beta ETF is seeing unusually high volume in afternoon trading Tuesday, with over 7.0 million shares traded versus three month average volume of about 536,000. Components of that ETF with the highest volume on Tuesday were American Airlines Group, trading up about 3.2% with over 41.7 million shares changing hands so far this session, and Carnival, up about 3% on volume of over 26.3 million shares. Western Digital is the component faring the best Tuesday, up by about 6.6% on the day, while Occidental Petroleum is lagging other components of the Invesco S&P 500— High Beta ETF, trading lower by about 3.1%.
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The Invesco S&P 500— High Beta ETF is seeing unusually high volume in afternoon trading Tuesday, with over 7.0 million shares traded versus three month average volume of about 536,000. Western Digital is the component faring the best Tuesday, up by about 6.6% on the day, while Occidental Petroleum is lagging other components of the Invesco S&P 500— High Beta ETF, trading lower by about 3.1%. VIDEO: Tuesday's ETF with Unusual Volume: SPHB The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Invesco S&P 500— High Beta ETF is seeing unusually high volume in afternoon trading Tuesday, with over 7.0 million shares traded versus three month average volume of about 536,000. Components of that ETF with the highest volume on Tuesday were American Airlines Group, trading up about 3.2% with over 41.7 million shares changing hands so far this session, and Carnival, up about 3% on volume of over 26.3 million shares. Western Digital is the component faring the best Tuesday, up by about 6.6% on the day, while Occidental Petroleum is lagging other components of the Invesco S&P 500— High Beta ETF, trading lower by about 3.1%.
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The Invesco S&P 500— High Beta ETF is seeing unusually high volume in afternoon trading Tuesday, with over 7.0 million shares traded versus three month average volume of about 536,000. Western Digital is the component faring the best Tuesday, up by about 6.6% on the day, while Occidental Petroleum is lagging other components of the Invesco S&P 500— High Beta ETF, trading lower by about 3.1%. VIDEO: Tuesday's ETF with Unusual Volume: SPHB The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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07f97ff9-74b0-4fbe-af6f-b520cc2570d9
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4963.0
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2020-12-01 00:00:00 UTC
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United Airlines, American halt non-stop flights to Shanghai
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AAL
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https://www.nasdaq.com/articles/united-airlines-american-halt-non-stop-flights-to-shanghai-2020-12-01
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nan
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nan
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Recasts to change source, adds response from both companies
Dec 1 (Reuters) - American Airlines Group Inc AAL.O and United Airlines UAL.O said on Tuesday they halted non-stop flights to Shanghai from the United States and included Seoul on the route.
"We started operating passenger service from DFW (Dallas/Fort Worth) to PVG (Shanghai Pudong) on Nov. 11 through Seoul (ICN) due to testing requirements for crews," American Airlines said, adding that its cargo flights are also continuing to operate through Seoul for the same reason.
"We adjusted service between San Francisco and Shanghai to now include a stop in Seoul, South Korea for a crew change as we did earlier this year," United Airlines spokesman Jonathan Guerin said.
The plan to pause operations comes following reports of lengthy waits facing airline crews upon arrival, limited local accommodations and restrictions on their movement in China, the CNBC reported earlier in the day.
(Reporting by Arunima Kumar in Bengaluru; Editing by Amy Caren Daniel and Sherry Jacob-Phillips)
((Arunima.Kumar@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Recasts to change source, adds response from both companies Dec 1 (Reuters) - American Airlines Group Inc AAL.O and United Airlines UAL.O said on Tuesday they halted non-stop flights to Shanghai from the United States and included Seoul on the route. "We started operating passenger service from DFW (Dallas/Fort Worth) to PVG (Shanghai Pudong) on Nov. 11 through Seoul (ICN) due to testing requirements for crews," American Airlines said, adding that its cargo flights are also continuing to operate through Seoul for the same reason. "We adjusted service between San Francisco and Shanghai to now include a stop in Seoul, South Korea for a crew change as we did earlier this year," United Airlines spokesman Jonathan Guerin said.
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Recasts to change source, adds response from both companies Dec 1 (Reuters) - American Airlines Group Inc AAL.O and United Airlines UAL.O said on Tuesday they halted non-stop flights to Shanghai from the United States and included Seoul on the route. "We started operating passenger service from DFW (Dallas/Fort Worth) to PVG (Shanghai Pudong) on Nov. 11 through Seoul (ICN) due to testing requirements for crews," American Airlines said, adding that its cargo flights are also continuing to operate through Seoul for the same reason. "We adjusted service between San Francisco and Shanghai to now include a stop in Seoul, South Korea for a crew change as we did earlier this year," United Airlines spokesman Jonathan Guerin said.
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Recasts to change source, adds response from both companies Dec 1 (Reuters) - American Airlines Group Inc AAL.O and United Airlines UAL.O said on Tuesday they halted non-stop flights to Shanghai from the United States and included Seoul on the route. "We started operating passenger service from DFW (Dallas/Fort Worth) to PVG (Shanghai Pudong) on Nov. 11 through Seoul (ICN) due to testing requirements for crews," American Airlines said, adding that its cargo flights are also continuing to operate through Seoul for the same reason. "We adjusted service between San Francisco and Shanghai to now include a stop in Seoul, South Korea for a crew change as we did earlier this year," United Airlines spokesman Jonathan Guerin said.
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Recasts to change source, adds response from both companies Dec 1 (Reuters) - American Airlines Group Inc AAL.O and United Airlines UAL.O said on Tuesday they halted non-stop flights to Shanghai from the United States and included Seoul on the route. "We started operating passenger service from DFW (Dallas/Fort Worth) to PVG (Shanghai Pudong) on Nov. 11 through Seoul (ICN) due to testing requirements for crews," American Airlines said, adding that its cargo flights are also continuing to operate through Seoul for the same reason. "We adjusted service between San Francisco and Shanghai to now include a stop in Seoul, South Korea for a crew change as we did earlier this year," United Airlines spokesman Jonathan Guerin said.
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bf373738-7e59-47d9-a604-989532825f30
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4964.0
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2020-12-01 00:00:00 UTC
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FAA issues new first air certificate for Boeing 737 MAX since 2019
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AAL
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https://www.nasdaq.com/articles/faa-issues-new-first-air-certificate-for-boeing-737-max-since-2019-2020-12-01
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nan
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nan
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WASHINGTON/CHICAGO Dec 1 (Reuters) - The Federal Aviation Administration (FAA) on Monday issued its first airworthiness certificate for a Boeing 737 MAX built since March 2019, the agency confirmed.
The FAA on Nov. 18 lifted a 20-month-old grounding order on the MAX after two fatal crashes in five months killed 346 people. The FAA is requiring a series of software changes and new pilot training requirements before planes can return to service.
Boeing has about 450 737 MAX airplanes that have been built since 2019 and are awaiting approval by the FAA before they can be delivered to airlines. Boeing declined to comment on the FAA approval.
(Reporting by David Shepardson and Tracy Rucinski, Editing by Franklin Paul)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WASHINGTON/CHICAGO Dec 1 (Reuters) - The Federal Aviation Administration (FAA) on Monday issued its first airworthiness certificate for a Boeing 737 MAX built since March 2019, the agency confirmed. The FAA on Nov. 18 lifted a 20-month-old grounding order on the MAX after two fatal crashes in five months killed 346 people. Boeing has about 450 737 MAX airplanes that have been built since 2019 and are awaiting approval by the FAA before they can be delivered to airlines.
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WASHINGTON/CHICAGO Dec 1 (Reuters) - The Federal Aviation Administration (FAA) on Monday issued its first airworthiness certificate for a Boeing 737 MAX built since March 2019, the agency confirmed. The FAA is requiring a series of software changes and new pilot training requirements before planes can return to service. Boeing declined to comment on the FAA approval.
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WASHINGTON/CHICAGO Dec 1 (Reuters) - The Federal Aviation Administration (FAA) on Monday issued its first airworthiness certificate for a Boeing 737 MAX built since March 2019, the agency confirmed. Boeing has about 450 737 MAX airplanes that have been built since 2019 and are awaiting approval by the FAA before they can be delivered to airlines. (Reporting by David Shepardson and Tracy Rucinski, Editing by Franklin Paul) ((David.Shepardson@thomsonreuters.com; 2028988324;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WASHINGTON/CHICAGO Dec 1 (Reuters) - The Federal Aviation Administration (FAA) on Monday issued its first airworthiness certificate for a Boeing 737 MAX built since March 2019, the agency confirmed. The FAA on Nov. 18 lifted a 20-month-old grounding order on the MAX after two fatal crashes in five months killed 346 people. The FAA is requiring a series of software changes and new pilot training requirements before planes can return to service.
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79cd4466-46f4-4424-9303-bd80cb766e1c
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4965.0
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2020-12-01 00:00:00 UTC
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FAA issues new first air certificate for Boeing 737 MAX since 2019
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AAL
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https://www.nasdaq.com/articles/faa-issues-new-first-air-certificate-for-boeing-737-max-since-2019-2020-12-01-0
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nan
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nan
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By David Shepardson and Tracy Rucinski
WASHINGTON/CHICAGO, Dec 1 (Reuters) - The Federal Aviation Administration (FAA) has issued its first airworthiness certificate for a Boeing 737 MAX built since March 2019, the agency said on Tuesday.
The FAA on Nov. 18 lifted a 20-month-old grounding order on the MAX after two fatal crashes in five months killed 346 people. The FAA is requiring a series of software changes and new pilot training requirements before planes can return to service.
Boeing BA.N has about 450 737 MAX airplanes that have been built since 2019 and are awaiting approval by the FAA before they can be delivered to airlines. Boeing declined to comment on the FAA approval.
"We expect to have sufficient number of inspectors on hand to meet Boeing’s planned delivery schedule for the foreseeable future. We’ll defer to Boeing to discuss the company’s manufacturing and delivery plans," FAA spokesman Lynn Lunsford said.
The FAA separately last week approved an American Airlines AAL.O training plan for pilots to resume 737 MAX flights, the agency and airline confirmed. That approval clears the way for American to resume MAX flights starting Dec. 29 once it completes required tests and software upgrades to parked planes.
American plans to begin with a single daily MAX flight from Miami to New York's LaGuardia airport. That will mark the return of the MAX to U.S. commercial service.
Boeing's backlog of planes is worth about $16 billion, investment firm Jefferies estimates.
(Reporting by David Shepardson and Tracy Rucinski, Editing by Franklin Paul and Emelia Sithole-Matarise)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The FAA separately last week approved an American Airlines AAL.O training plan for pilots to resume 737 MAX flights, the agency and airline confirmed. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 1 (Reuters) - The Federal Aviation Administration (FAA) has issued its first airworthiness certificate for a Boeing 737 MAX built since March 2019, the agency said on Tuesday. "We expect to have sufficient number of inspectors on hand to meet Boeing’s planned delivery schedule for the foreseeable future.
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The FAA separately last week approved an American Airlines AAL.O training plan for pilots to resume 737 MAX flights, the agency and airline confirmed. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 1 (Reuters) - The Federal Aviation Administration (FAA) has issued its first airworthiness certificate for a Boeing 737 MAX built since March 2019, the agency said on Tuesday. The FAA is requiring a series of software changes and new pilot training requirements before planes can return to service.
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The FAA separately last week approved an American Airlines AAL.O training plan for pilots to resume 737 MAX flights, the agency and airline confirmed. By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 1 (Reuters) - The Federal Aviation Administration (FAA) has issued its first airworthiness certificate for a Boeing 737 MAX built since March 2019, the agency said on Tuesday. Boeing BA.N has about 450 737 MAX airplanes that have been built since 2019 and are awaiting approval by the FAA before they can be delivered to airlines.
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The FAA separately last week approved an American Airlines AAL.O training plan for pilots to resume 737 MAX flights, the agency and airline confirmed. The FAA is requiring a series of software changes and new pilot training requirements before planes can return to service. Boeing BA.N has about 450 737 MAX airplanes that have been built since 2019 and are awaiting approval by the FAA before they can be delivered to airlines.
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e3f572b8-a7c6-4f83-8131-3271e0fb29af
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4966.0
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2020-12-01 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Pfizer, Moderna, Exxon Mobil
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-tesla-pfizer-moderna-exxon-mobil-2020-12-01
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stock index futures rose about 1% on Tuesday as better-than-expected manufacturing data from China and hopes that major drugmakers will roll out vaccines before the end of the year increased bets of a quick recovery from the COVID-19 crisis. .N
At 7:33 a.m. ET, Dow e-minis 1YMc1 were up 1.06% at 29,942. S&P 500 e-minis ESc1 were up 0.99% at 3,659, while Nasdaq 100 e-minis NQc1 were up 0.86% at 12,382.5. The top three NYSE percentage gainers premarket .PRPG.NQ: ** McCormick & Co , up 84.8% ** Hexo Corp , up 25.9% ** Pennsylvania REIT , up 19.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** Barings BDC Inc , down 9.6% ** Quantumscape Corp , down 8.5% ** Navios Maritime , down 5.4% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Second Sight Medical Products Equity Warrants , up 150.0% ** US Well Services Equity Warrants , up 80.5% ** Air T Funding Equity warrants , up 48.4% The top three Nasdaq percentage losers premarket .PRPL.O: ** Minerva Neurosciences Inc , down 20.3% ** Kubient Equity Warrants , down 20% ** Ecmoho Ltd , down 17.3% ** Xpeng Inc XPEV.N: up 6.6% premarket BUZZ-Xpeng Inc sees over four-fold jump in Nov deliveries, shares rise
** Pennsylvania REIT PEI.N: up 19.1% premarket BUZZ-Gains on court approval for restructuring plan
** Zoom Video Communications Inc ZM.O: down 6.3% premarket BUZZ-Down as profit margin falls
** Exxon Mobil XOM.N: up 2% premarket BUZZ-Street View: A shift to stable dividend for Exxon Mobil
** Micron Technology MU.O: up 1.6% premarket BUZZ-Micron Technology rises as Cowen lifts PT on growth prospects
** Pfizer PFE.N: up 2.4% premarket
BUZZ-Pfizer up, BioNTech set for record high on EU vaccine application
** Momo Inc MOMO.O: down 1.9% premarket BUZZ-Falls on weak fourth-quarter outlook
** Tesla Inc TSLA.O: up 5.2% premarket BUZZ-Surges as S&P decides to add co to index in one shot
** Moderna MRNA.O: up 11.7% premarket BUZZ-European agency to review co's COVID-19 vaccine by Jan 12
** United Airlines UAL.O: up 2.9% premarket
** Delta Air Lines DAL.N: up 2.2% premarket
** American Airlines AAL.O: up 3.1% premarket
** Royal Caribbean Cruises RCL.N: up 2.8% premarket
** Hilton Worldwide HLT.N: up 1.5% premarket
** MGM Resorts International MGM.N: up 1.8% premarket
** Booking Holdings BKNG.O: up 0.8% premarket BUZZ-Travel stocks gain on vaccine cheer
** PayPal PYPL.O: up 1.6% premarket BUZZ-PayPal up as Mizuho hikes PT on cryptocurrency potential
** Farmmi Inc FAMI.O: up 1.6% premarket BUZZ-Jumps on sales win to Israel
(Compiled by Shreyasee Raj)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** McCormick & Co , up 84.8% ** Hexo Corp , up 25.9% ** Pennsylvania REIT , up 19.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** Barings BDC Inc , down 9.6% ** Quantumscape Corp , down 8.5% ** Navios Maritime , down 5.4% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Second Sight Medical Products Equity Warrants , up 150.0% ** US Well Services Equity Warrants , up 80.5% ** Air T Funding Equity warrants , up 48.4% The top three Nasdaq percentage losers premarket .PRPL.O: ** Minerva Neurosciences Inc , down 20.3% ** Kubient Equity Warrants , down 20% ** Ecmoho Ltd , down 17.3% ** Xpeng Inc XPEV.N: up 6.6% premarket BUZZ-Xpeng Inc sees over four-fold jump in Nov deliveries, shares rise ** Pennsylvania REIT PEI.N: up 19.1% premarket BUZZ-Gains on court approval for restructuring plan ** Zoom Video Communications Inc ZM.O: down 6.3% premarket BUZZ-Down as profit margin falls ** Exxon Mobil XOM.N: up 2% premarket BUZZ-Street View: A shift to stable dividend for Exxon Mobil ** Micron Technology MU.O: up 1.6% premarket BUZZ-Micron Technology rises as Cowen lifts PT on growth prospects ** Pfizer PFE.N: up 2.4% premarket BUZZ-Pfizer up, BioNTech set for record high on EU vaccine application ** Momo Inc MOMO.O: down 1.9% premarket BUZZ-Falls on weak fourth-quarter outlook ** Tesla Inc TSLA.O: up 5.2% premarket BUZZ-Surges as S&P decides to add co to index in one shot ** Moderna MRNA.O: up 11.7% premarket BUZZ-European agency to review co's COVID-19 vaccine by Jan 12 ** United Airlines UAL.O: up 2.9% premarket ** Delta Air Lines DAL.N: up 2.2% premarket ** American Airlines AAL.O: up 3.1% premarket ** Royal Caribbean Cruises RCL.N: up 2.8% premarket ** Hilton Worldwide HLT.N: up 1.5% premarket ** MGM Resorts International MGM.N: up 1.8% premarket ** Booking Holdings BKNG.O: up 0.8% premarket BUZZ-Travel stocks gain on vaccine cheer ** PayPal PYPL.O: up 1.6% premarket BUZZ-PayPal up as Mizuho hikes PT on cryptocurrency potential ** Farmmi Inc FAMI.O: up 1.6% premarket BUZZ-Jumps on sales win to Israel (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock index futures rose about 1% on Tuesday as better-than-expected manufacturing data from China and hopes that major drugmakers will roll out vaccines before the end of the year increased bets of a quick recovery from the COVID-19 crisis. ET, Dow e-minis 1YMc1 were up 1.06% at 29,942.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** McCormick & Co , up 84.8% ** Hexo Corp , up 25.9% ** Pennsylvania REIT , up 19.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** Barings BDC Inc , down 9.6% ** Quantumscape Corp , down 8.5% ** Navios Maritime , down 5.4% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Second Sight Medical Products Equity Warrants , up 150.0% ** US Well Services Equity Warrants , up 80.5% ** Air T Funding Equity warrants , up 48.4% The top three Nasdaq percentage losers premarket .PRPL.O: ** Minerva Neurosciences Inc , down 20.3% ** Kubient Equity Warrants , down 20% ** Ecmoho Ltd , down 17.3% ** Xpeng Inc XPEV.N: up 6.6% premarket BUZZ-Xpeng Inc sees over four-fold jump in Nov deliveries, shares rise ** Pennsylvania REIT PEI.N: up 19.1% premarket BUZZ-Gains on court approval for restructuring plan ** Zoom Video Communications Inc ZM.O: down 6.3% premarket BUZZ-Down as profit margin falls ** Exxon Mobil XOM.N: up 2% premarket BUZZ-Street View: A shift to stable dividend for Exxon Mobil ** Micron Technology MU.O: up 1.6% premarket BUZZ-Micron Technology rises as Cowen lifts PT on growth prospects ** Pfizer PFE.N: up 2.4% premarket BUZZ-Pfizer up, BioNTech set for record high on EU vaccine application ** Momo Inc MOMO.O: down 1.9% premarket BUZZ-Falls on weak fourth-quarter outlook ** Tesla Inc TSLA.O: up 5.2% premarket BUZZ-Surges as S&P decides to add co to index in one shot ** Moderna MRNA.O: up 11.7% premarket BUZZ-European agency to review co's COVID-19 vaccine by Jan 12 ** United Airlines UAL.O: up 2.9% premarket ** Delta Air Lines DAL.N: up 2.2% premarket ** American Airlines AAL.O: up 3.1% premarket ** Royal Caribbean Cruises RCL.N: up 2.8% premarket ** Hilton Worldwide HLT.N: up 1.5% premarket ** MGM Resorts International MGM.N: up 1.8% premarket ** Booking Holdings BKNG.O: up 0.8% premarket BUZZ-Travel stocks gain on vaccine cheer ** PayPal PYPL.O: up 1.6% premarket BUZZ-PayPal up as Mizuho hikes PT on cryptocurrency potential ** Farmmi Inc FAMI.O: up 1.6% premarket BUZZ-Jumps on sales win to Israel (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock index futures rose about 1% on Tuesday as better-than-expected manufacturing data from China and hopes that major drugmakers will roll out vaccines before the end of the year increased bets of a quick recovery from the COVID-19 crisis. S&P 500 e-minis ESc1 were up 0.99% at 3,659, while Nasdaq 100 e-minis NQc1 were up 0.86% at 12,382.5.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** McCormick & Co , up 84.8% ** Hexo Corp , up 25.9% ** Pennsylvania REIT , up 19.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** Barings BDC Inc , down 9.6% ** Quantumscape Corp , down 8.5% ** Navios Maritime , down 5.4% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Second Sight Medical Products Equity Warrants , up 150.0% ** US Well Services Equity Warrants , up 80.5% ** Air T Funding Equity warrants , up 48.4% The top three Nasdaq percentage losers premarket .PRPL.O: ** Minerva Neurosciences Inc , down 20.3% ** Kubient Equity Warrants , down 20% ** Ecmoho Ltd , down 17.3% ** Xpeng Inc XPEV.N: up 6.6% premarket BUZZ-Xpeng Inc sees over four-fold jump in Nov deliveries, shares rise ** Pennsylvania REIT PEI.N: up 19.1% premarket BUZZ-Gains on court approval for restructuring plan ** Zoom Video Communications Inc ZM.O: down 6.3% premarket BUZZ-Down as profit margin falls ** Exxon Mobil XOM.N: up 2% premarket BUZZ-Street View: A shift to stable dividend for Exxon Mobil ** Micron Technology MU.O: up 1.6% premarket BUZZ-Micron Technology rises as Cowen lifts PT on growth prospects ** Pfizer PFE.N: up 2.4% premarket BUZZ-Pfizer up, BioNTech set for record high on EU vaccine application ** Momo Inc MOMO.O: down 1.9% premarket BUZZ-Falls on weak fourth-quarter outlook ** Tesla Inc TSLA.O: up 5.2% premarket BUZZ-Surges as S&P decides to add co to index in one shot ** Moderna MRNA.O: up 11.7% premarket BUZZ-European agency to review co's COVID-19 vaccine by Jan 12 ** United Airlines UAL.O: up 2.9% premarket ** Delta Air Lines DAL.N: up 2.2% premarket ** American Airlines AAL.O: up 3.1% premarket ** Royal Caribbean Cruises RCL.N: up 2.8% premarket ** Hilton Worldwide HLT.N: up 1.5% premarket ** MGM Resorts International MGM.N: up 1.8% premarket ** Booking Holdings BKNG.O: up 0.8% premarket BUZZ-Travel stocks gain on vaccine cheer ** PayPal PYPL.O: up 1.6% premarket BUZZ-PayPal up as Mizuho hikes PT on cryptocurrency potential ** Farmmi Inc FAMI.O: up 1.6% premarket BUZZ-Jumps on sales win to Israel (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock index futures rose about 1% on Tuesday as better-than-expected manufacturing data from China and hopes that major drugmakers will roll out vaccines before the end of the year increased bets of a quick recovery from the COVID-19 crisis. S&P 500 e-minis ESc1 were up 0.99% at 3,659, while Nasdaq 100 e-minis NQc1 were up 0.86% at 12,382.5.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** McCormick & Co , up 84.8% ** Hexo Corp , up 25.9% ** Pennsylvania REIT , up 19.1% The top three NYSE percentage losers premarket .PRPL.NQ: ** Barings BDC Inc , down 9.6% ** Quantumscape Corp , down 8.5% ** Navios Maritime , down 5.4% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Second Sight Medical Products Equity Warrants , up 150.0% ** US Well Services Equity Warrants , up 80.5% ** Air T Funding Equity warrants , up 48.4% The top three Nasdaq percentage losers premarket .PRPL.O: ** Minerva Neurosciences Inc , down 20.3% ** Kubient Equity Warrants , down 20% ** Ecmoho Ltd , down 17.3% ** Xpeng Inc XPEV.N: up 6.6% premarket BUZZ-Xpeng Inc sees over four-fold jump in Nov deliveries, shares rise ** Pennsylvania REIT PEI.N: up 19.1% premarket BUZZ-Gains on court approval for restructuring plan ** Zoom Video Communications Inc ZM.O: down 6.3% premarket BUZZ-Down as profit margin falls ** Exxon Mobil XOM.N: up 2% premarket BUZZ-Street View: A shift to stable dividend for Exxon Mobil ** Micron Technology MU.O: up 1.6% premarket BUZZ-Micron Technology rises as Cowen lifts PT on growth prospects ** Pfizer PFE.N: up 2.4% premarket BUZZ-Pfizer up, BioNTech set for record high on EU vaccine application ** Momo Inc MOMO.O: down 1.9% premarket BUZZ-Falls on weak fourth-quarter outlook ** Tesla Inc TSLA.O: up 5.2% premarket BUZZ-Surges as S&P decides to add co to index in one shot ** Moderna MRNA.O: up 11.7% premarket BUZZ-European agency to review co's COVID-19 vaccine by Jan 12 ** United Airlines UAL.O: up 2.9% premarket ** Delta Air Lines DAL.N: up 2.2% premarket ** American Airlines AAL.O: up 3.1% premarket ** Royal Caribbean Cruises RCL.N: up 2.8% premarket ** Hilton Worldwide HLT.N: up 1.5% premarket ** MGM Resorts International MGM.N: up 1.8% premarket ** Booking Holdings BKNG.O: up 0.8% premarket BUZZ-Travel stocks gain on vaccine cheer ** PayPal PYPL.O: up 1.6% premarket BUZZ-PayPal up as Mizuho hikes PT on cryptocurrency potential ** Farmmi Inc FAMI.O: up 1.6% premarket BUZZ-Jumps on sales win to Israel (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock index futures rose about 1% on Tuesday as better-than-expected manufacturing data from China and hopes that major drugmakers will roll out vaccines before the end of the year increased bets of a quick recovery from the COVID-19 crisis. ET, Dow e-minis 1YMc1 were up 1.06% at 29,942.
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58a3411f-1b07-44d4-896b-48a92a2f7beb
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4967.0
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2020-12-01 00:00:00 UTC
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Pre-Market Most Active for Dec 1, 2020 : NIO, LI, ELAN, MRNA, ACB, XPEV, KNDI, NKLA, AAL, AAPL, CCL, PFE
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-1-2020-%3A-nio-li-elan-mrna-acb-xpev-kndi-nkla-aal-aapl-ccl
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 112.64 to 12,380.96. The total Pre-Market volume is currently 121,125,124 shares traded.
The following are the most active stocks for the pre-market session:
NIO Inc. (NIO) is +1.32 at $51.85, with 3,906,559 shares traded. NIO's current last sale is 157.12% of the target price of $33.
Li Auto Inc. (LI) is +3.2 at $39.19, with 3,396,122 shares traded. As reported by Zacks, the current mean recommendation for LI is in the "buy range".
Elanco Animal Health Incorporated (ELAN) is -0.95 at $29.64, with 3,112,030 shares traded. ELAN's current last sale is 87.18% of the target price of $34.
Moderna, Inc. (MRNA) is +15.56 at $168.30, with 2,929,170 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $-0.39. , following a 52-week high recorded in prior regular session.
Aurora Cannabis Inc. (ACB) is +0.2 at $11.88, with 1,908,596 shares traded. ACB's current last sale is 130.62% of the target price of $9.095.
XPeng Inc. (XPEV) is +3.23 at $61.99, with 1,791,469 shares traded. As reported by Zacks, the current mean recommendation for XPEV is in the "strong buy range".
Kandi Technologies Group, Inc. (KNDI) is -0.21 at $9.55, with 1,391,716 shares traded. KNDI's current last sale is 79.58% of the target price of $12.
Nikola Corporation (NKLA) is -1.08 at $19.33, with 1,351,479 shares traded. NKLA's current last sale is 51.55% of the target price of $37.5.
American Airlines Group, Inc. (AAL) is +0.32 at $14.45, with 1,300,167 shares traded. AAL's current last sale is 144.5% of the target price of $10.
Apple Inc. (AAPL) is +2.12 at $121.17, with 1,201,723 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Carnival Corporation (CCL) is +0.81 at $20.79, with 1,163,789 shares traded. CCL's current last sale is 138.6% of the target price of $15.
Pfizer, Inc. (PFE) is +0.88 at $39.19, with 1,080,201 shares traded. PFE's current last sale is 93.31% of the target price of $42.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is +0.32 at $14.45, with 1,300,167 shares traded. AAL's current last sale is 144.5% of the target price of $10. Elanco Animal Health Incorporated (ELAN) is -0.95 at $29.64, with 3,112,030 shares traded.
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American Airlines Group, Inc. (AAL) is +0.32 at $14.45, with 1,300,167 shares traded. AAL's current last sale is 144.5% of the target price of $10. NIO's current last sale is 157.12% of the target price of $33.
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American Airlines Group, Inc. (AAL) is +0.32 at $14.45, with 1,300,167 shares traded. AAL's current last sale is 144.5% of the target price of $10. The total Pre-Market volume is currently 121,125,124 shares traded.
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American Airlines Group, Inc. (AAL) is +0.32 at $14.45, with 1,300,167 shares traded. AAL's current last sale is 144.5% of the target price of $10. NIO's current last sale is 157.12% of the target price of $33.
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5361fcec-b743-4902-a36d-44e6eab6da25
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4968.0
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2020-12-01 00:00:00 UTC
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Is It Time To Invest In American Airlines' Stock?
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AAL
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https://www.nasdaq.com/articles/is-it-time-to-invest-in-american-airlines-stock-2020-12-01
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nan
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nan
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American Airlines (NASDAQ:AAL) stock is up 16% in just 5 trading days. Historically, such quantum of move within a week’s time has been a low probability event and interestingly, the stock has usually corrected after such a move. Our AI engine, which analyzes past patterns in stock movements to predict near term behavior, suggests that while a downside is likely over the next month, American Airlines’ stock can return another 15% to investors over the next 6 months. We are more interested in the 6 month time frame because extraordinary circumstances suggest the possibility of a good upside for airline stocks as the demand rebounds. And that has become increasingly likely with a vaccine on the horizon and travel gradually increasing. Our detailed dashboard highlights the expected return for American Airlines given its recent move, and can also use this to understand near-term return probabilities for different levels of movements.
There is more support for why you should consider American Airlines as a potential investment. Our dashboard Big Movers: American Airlines Moved 16% – What Next? lays out the underlying fundamentals.
At the beginning of this year, American Airlines’ trailing 12 month P/S ratio was 0.28. After the last week’s move, this figure now stands at 0.33, which is nearly 18% higher. This indicates that despite a sharp decline in revenues, investors are valuing American Airlines even better compared to where it was at the beginning of the year. In addition, compared to American Airlines’ P/S multiple of 0.33, the figure for its peers ALK, JBLU, and ALGT stands at 2.22, 0.98, and 2.76 respectively, suggesting room for upside if the company can get a better hold of its margins which have remained historically low. Despite 7.4% growth in revenue between 2017 and 2019, American Airlines’ stock has decreased -45%, and now it is available at even a better bargain. Considering everything, this may be a good time to invest.
But what if you are looking for a diversified portfolio? Check out a high quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (NASDAQ:AAL) stock is up 16% in just 5 trading days. We are more interested in the 6 month time frame because extraordinary circumstances suggest the possibility of a good upside for airline stocks as the demand rebounds. This indicates that despite a sharp decline in revenues, investors are valuing American Airlines even better compared to where it was at the beginning of the year.
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American Airlines (NASDAQ:AAL) stock is up 16% in just 5 trading days. Historically, such quantum of move within a week’s time has been a low probability event and interestingly, the stock has usually corrected after such a move. Our AI engine, which analyzes past patterns in stock movements to predict near term behavior, suggests that while a downside is likely over the next month, American Airlines’ stock can return another 15% to investors over the next 6 months.
|
American Airlines (NASDAQ:AAL) stock is up 16% in just 5 trading days. Our AI engine, which analyzes past patterns in stock movements to predict near term behavior, suggests that while a downside is likely over the next month, American Airlines’ stock can return another 15% to investors over the next 6 months. Our detailed dashboard highlights the expected return for American Airlines given its recent move, and can also use this to understand near-term return probabilities for different levels of movements.
|
American Airlines (NASDAQ:AAL) stock is up 16% in just 5 trading days. Historically, such quantum of move within a week’s time has been a low probability event and interestingly, the stock has usually corrected after such a move. Our detailed dashboard highlights the expected return for American Airlines given its recent move, and can also use this to understand near-term return probabilities for different levels of movements.
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b7bce87e-bd42-4d2f-bcda-025502c4a114
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4969.0
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2020-12-01 00:00:00 UTC
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Airlines would receive $17 bln in new COVID-19 relief proposal -senator
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AAL
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https://www.nasdaq.com/articles/airlines-would-receive-%2417-bln-in-new-covid-19-relief-proposal-senator-2020-12-01
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nan
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nan
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By David Shepardson and Tracy Rucinski
WASHINGTON/CHICAGO, Dec 1 (Reuters) - U.S. airlines would receive $17 billion for four months of payroll support under a new $908 billion bipartisan Senate COVID-19 relief proposal, a spokeswoman for Senator Mark Warner said Tuesday.
Warner's office said the proposal would also include $15 billion for transit systems, $4 billion for airports, $8 billion for buses and $1 billion for passenger railroad Amtrak.
The proposal, which does not yet have support of the White House or Congressional leaders, sets aside $45 billion for the U.S. transportation sector.
American Airlines and United Airlines in October furloughed more than 32,000 workers after a prior $25 billion payroll assistance program expired.
Transit agencies have urged Congress to approve $32 billion in additional assistance, while Amtrak sought nearly $3 billion in additional aid.
Private U.S. bus companies and others are seeking $10 billion in government assistance, while U.S airlines are seeking another $25 billion in payroll support.
(Reporting by David Shepardson and Tracy Rucinski, Editing by Nick Zieminski)
((tracy.rucinski@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 1 (Reuters) - U.S. airlines would receive $17 billion for four months of payroll support under a new $908 billion bipartisan Senate COVID-19 relief proposal, a spokeswoman for Senator Mark Warner said Tuesday. The proposal, which does not yet have support of the White House or Congressional leaders, sets aside $45 billion for the U.S. transportation sector. (Reporting by David Shepardson and Tracy Rucinski, Editing by Nick Zieminski) ((tracy.rucinski@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 1 (Reuters) - U.S. airlines would receive $17 billion for four months of payroll support under a new $908 billion bipartisan Senate COVID-19 relief proposal, a spokeswoman for Senator Mark Warner said Tuesday. Transit agencies have urged Congress to approve $32 billion in additional assistance, while Amtrak sought nearly $3 billion in additional aid. Private U.S. bus companies and others are seeking $10 billion in government assistance, while U.S airlines are seeking another $25 billion in payroll support.
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By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 1 (Reuters) - U.S. airlines would receive $17 billion for four months of payroll support under a new $908 billion bipartisan Senate COVID-19 relief proposal, a spokeswoman for Senator Mark Warner said Tuesday. Warner's office said the proposal would also include $15 billion for transit systems, $4 billion for airports, $8 billion for buses and $1 billion for passenger railroad Amtrak. Private U.S. bus companies and others are seeking $10 billion in government assistance, while U.S airlines are seeking another $25 billion in payroll support.
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By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, Dec 1 (Reuters) - U.S. airlines would receive $17 billion for four months of payroll support under a new $908 billion bipartisan Senate COVID-19 relief proposal, a spokeswoman for Senator Mark Warner said Tuesday. Warner's office said the proposal would also include $15 billion for transit systems, $4 billion for airports, $8 billion for buses and $1 billion for passenger railroad Amtrak. The proposal, which does not yet have support of the White House or Congressional leaders, sets aside $45 billion for the U.S. transportation sector.
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64e17833-cbeb-4bbe-8198-4714f0d5087e
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4970.0
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2020-11-30 00:00:00 UTC
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Investing in Hertz Stock Is Risky at Best
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AAL
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https://www.nasdaq.com/articles/investing-in-hertz-stock-is-risky-at-best-2020-11-30
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Investors of Hertz (OTCMKTS:HTZGQ) are faced with a tough question these days. It’s not whether Hertz stock will go up or down, but if there will be any money left over for them after debtors take their cut.
Source: Shutterstock
To really understand this, let’s play a game. Imagine we’re at the back of a line at a soup kitchen named “HTZGQ” with dozens of hungry people ahead of us. But there’s a problem: there’s only one pot of soup. And as we watch the food get served to people in front of us out, we start realizing they might run out before we get any. Should we still wait in line?
Understand me when I say this: Hertz shares can still make you rich. Shares currently trade a little over $1.50, so if you’re willing to take a flyer on the stock, ALL the remaining proverbial soup will belong to you … provided there’s any left. But rather than speculate, let’s look at the cold, hard numbers and see what we can learn along the way.
Hertz Stock: How Much Soup Is in the Pot?
Let’s start with enterprise value, the “soup” that Hertz is worth before debtors take their cut. Firstly, there’s cash — the amount of liquidity Hertz has in the bank. In Q3, the company reported $1.1 billion in liquidity. Secondly, there’s company property: its vehicle fleet, receivables, property and “intangible” assets like its brand name. That comes out to $17.6 billion.
7 of the Best Cheap Stocks for December
And finally, there’s the company’s future potential profits — the amount that hasn’t been earned but promises to someday end up in your bank account. But here’s where things get hairy. That’s because we won’t know future profits for years. The best we can do is make educated guesses with the information we know. That’s why you see stocks jump on positive earnings and sink on negative ones as the market adjusts its future expectations.
Valuing HTZGQ Stock
Analysts like me take several approaches to the valuation problem. One option is to use comparable companies, like Avis (NYSE:CAR). We know that Avis has a $16.1 billion enterprise value net of its auto leases. The two have similar footprints: Hertz has 12,400 locations while Avis has 11,000. And while it’s not an apples-to-apples comparison (the two companies have vastly different leasing and franchising structures), they share similar D&A (depreciation and asset) turnover, and they compete in virtually the same industry.
The second option is to use a “discounted cash flow” model, which estimates future profits and adds them all up, giving a higher priority to cash received sooner. Plugging in analyst estimates ($368 million EBITDA [Earnings Before Interest, Taxes, Depreciation and Amortization] by 2022 on $7.5 billion of revenue) and assuming EBITDA margins rise to 12.7% by 2024 suggests that Hertz is worth only $8.9 billion, or LESS than the value of its cars. That happens if Hertz is buying cars, but rental returns are so low that each vehicle never recoups its purchase price.
But let’s say industry consolidation improves the industry, and Hertz earns 22% EBITDA margins by 2026. In that somewhat improbable case, its enterprise value shoots up to $19.6 billion. (It’s the reason why high-margin businesses are so valuable.)
How Hungry Are People in Line?
Next, let’s look at the debtors — investors who come ahead of equity holders. These people can claim pieces of Hertz long before shareholders even get a taste. So, how much are they owed?
Firstly, there’s vehicle debt, the leases that Hertz uses to buy its vehicle fleet. These debts get packaged into “asset-backed securities,” and their owners have priority over Hertz’s fleet. That amount comes to $8.8 billion.
Next, there’s direct debts — insurance, accounts payable, deferred taxes and operating leases. These are day-to-day amounts, like the airport terminal that owns the land underneath the Hertz airport kiosk. These come to $5.2 billion for fiscal year 2020.
Finally, we have senior debt — term loans, notes and credit facilities that can lay general claim to everything else Hertz owns. In September, that figure stood at $4.4 billion. And the longer these people wait to get repaid, the more interest payments Hertz will eventually owe.
In total, that means Hertz needs to pay out $18.4 billion to people ahead of us first.
What’s HTZGQ Stock Worth?
Shareholders will quickly realize there’s little room for error. Let’s first look at the good news: there could be $19.6 billion of “soup” in the pot. Once Hertz pays back the $18.4 billion to the people ahead in line, that leaves $1.2 billion for you and me. Dividing by 156 million shares outstanding leaves us at $9 per share, or an 800% upside.
But that $19.6 billion valuation assumes Hertz’s EBITDA margins eventually rises to 22%. And that’s going to be a challenge. Even in good quarters before the coronavirus pandemic, the company rarely peaked above 11% EBITDA. Ride-sharing companies like Lyft (NASDAQ:LYFT) could take a lasting bite out of the car rental business.
More realistically, Hertz is probably worth somewhere between $14 billion and $16 billion enterprise value. Senior debtors are already starting to negotiate for their $4.4 billion investment. And it doesn’t help that the company’s CEO and CFO are both non-specialists at bankruptcy liquidations. If that’s the case, there won’t be anything left over for equity holders waiting in the back. To them, Hertz stock would be worth zero.
There have been notable exceptions to Chapter 11 proceedings. Shareholders of bankrupt American Airlines (NASDAQ:AAL) emerged victorious in 2013 after white-knight U.S. Airways swooped in to buy out the company. And Hertz stock could see a foreign suitor like Sixt or Europcar scoop up its airport locations — Avis and Enterprise (NYSE:EPD) might take non-airport ones. But investors still need a buyer to pay more than $18.2 billion if they want more than $0 shares. My advice? Buy Avis and Enterprise (stocks or options) if you really believe the lousy car rental industry will become slightly less lousy after the coronavirus pandemic. Otherwise, try to get a better sense of Hertz’s liquidation value before investing.
So, are you still hungry for some soup?
On the date of publication, Tom Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tom Yeung, CFA, is a registered investment advisor on a mission to bring simplicity to the world of investing.
The post Investing in Hertz Stock Is Risky at Best appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders of bankrupt American Airlines (NASDAQ:AAL) emerged victorious in 2013 after white-knight U.S. Airways swooped in to buy out the company. 7 of the Best Cheap Stocks for December And finally, there’s the company’s future potential profits — the amount that hasn’t been earned but promises to someday end up in your bank account. And while it’s not an apples-to-apples comparison (the two companies have vastly different leasing and franchising structures), they share similar D&A (depreciation and asset) turnover, and they compete in virtually the same industry.
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Shareholders of bankrupt American Airlines (NASDAQ:AAL) emerged victorious in 2013 after white-knight U.S. Airways swooped in to buy out the company. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors of Hertz (OTCMKTS:HTZGQ) are faced with a tough question these days. Plugging in analyst estimates ($368 million EBITDA [Earnings Before Interest, Taxes, Depreciation and Amortization] by 2022 on $7.5 billion of revenue) and assuming EBITDA margins rise to 12.7% by 2024 suggests that Hertz is worth only $8.9 billion, or LESS than the value of its cars.
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Shareholders of bankrupt American Airlines (NASDAQ:AAL) emerged victorious in 2013 after white-knight U.S. Airways swooped in to buy out the company. Plugging in analyst estimates ($368 million EBITDA [Earnings Before Interest, Taxes, Depreciation and Amortization] by 2022 on $7.5 billion of revenue) and assuming EBITDA margins rise to 12.7% by 2024 suggests that Hertz is worth only $8.9 billion, or LESS than the value of its cars. Once Hertz pays back the $18.4 billion to the people ahead in line, that leaves $1.2 billion for you and me.
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Shareholders of bankrupt American Airlines (NASDAQ:AAL) emerged victorious in 2013 after white-knight U.S. Airways swooped in to buy out the company. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors of Hertz (OTCMKTS:HTZGQ) are faced with a tough question these days. That amount comes to $8.8 billion.
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981befd7-69b5-42b4-9473-3c923a4733c2
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4971.0
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2020-11-30 00:00:00 UTC
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Why Airline Shares Are Falling Today
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AAL
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https://www.nasdaq.com/articles/why-airline-shares-are-falling-today-2020-11-30
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nan
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nan
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What happened
November has been a great month for airline stocks, with carriers easily outpacing strong S&P 500 gains on excitement surrounding the development of a COVID-19 vaccine. But on Monday investors seem to be questioning whether stocks have run too far too fast, and airlines are under pressure as a result.
Shares of American Airlines Group (NASDAQ: AAL) led the decline on Monday, down 7% at one point, with shares of Spirit Airlines (NYSE: SAVE) off by as much as 6.5% and JetBlue Airways (NASDAQ: JBLU) down by as much as 5.7%.
Image source: Getty Images.
So what
Airlines have been hit hard by the pandemic, but November has marked an inflection point as investors finally have a glimpse of a light at the end of the tunnel. Positive developments toward a COVID-19 vaccine have provided a potential end point to the crisis, and raised confidence that airlines currently bleeding through millions daily will have enough capital to ride out the storm.
Shares of American and Spirit are still down more than 40% for the year, and JetBlue shares are off by 20%, but the stocks have rallied in November based on the growing optimism. American is the major airline seen as most vulnerable to an extended downturn due to its industry-high debt load, while Spirit was seen as a potential early winner in a recovery thanks to its below-average costs.
Airline data by YCharts
American shares are also likely under pressure after being downgraded to underperform from market perform by Raymond James analyst Savanthi Syth. The analyst said that while American has made progress addressing the holes in its network and cutting costs, it's going to need years to pay down the debt taken on during the pandemic.
JetBlue, meanwhile, provided a reminder that even if a vaccine is near, it will do nothing to stem near-term losses. The airline in a regulatory filing said it expects fourth-quarter flying to be down 45% to 50% year over year, with fourth-quarter revenue off by 70%.
JetBlue had previously forecast fourth-quarter revenue would be down 65%. The airline said booking trends remain "volatile," and said it expects to burn between $6 million and $8 million per day in the current quarter.
Now what
As I've said before the airlines do appear to be in the early stages of a recovery, but investors should not lose sight on just how long a recovery will take. The airlines don't expect traffic to return to pre-pandemic levels for years, and some have warned it could take a decade for more lucrative business travel to recover.
We're in a dangerous period, because even as optimism is justifiably building there is enough danger out ahead that we are likely to see continued turbulence. We're seeing that today, and will quite likely see continued volatility well into 2021.
For investors willing to brave buying in today, it is best to be selective about what airline stocks you buy. We should hopefully be able to avoid revisiting the early pandemic bottoms these stocks endured back in the spring, but still face a long, arduous journey ahead.
10 stocks we like better than JetBlue Airways
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and JetBlue Airways wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 20, 2020
Lou Whiteman owns shares of Spirit Airlines. The Motley Fool owns shares of Spirit Airlines. The Motley Fool recommends JetBlue Airways. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of American Airlines Group (NASDAQ: AAL) led the decline on Monday, down 7% at one point, with shares of Spirit Airlines (NYSE: SAVE) off by as much as 6.5% and JetBlue Airways (NASDAQ: JBLU) down by as much as 5.7%. What happened November has been a great month for airline stocks, with carriers easily outpacing strong S&P 500 gains on excitement surrounding the development of a COVID-19 vaccine. Positive developments toward a COVID-19 vaccine have provided a potential end point to the crisis, and raised confidence that airlines currently bleeding through millions daily will have enough capital to ride out the storm.
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Shares of American Airlines Group (NASDAQ: AAL) led the decline on Monday, down 7% at one point, with shares of Spirit Airlines (NYSE: SAVE) off by as much as 6.5% and JetBlue Airways (NASDAQ: JBLU) down by as much as 5.7%. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Spirit Airlines.
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Shares of American Airlines Group (NASDAQ: AAL) led the decline on Monday, down 7% at one point, with shares of Spirit Airlines (NYSE: SAVE) off by as much as 6.5% and JetBlue Airways (NASDAQ: JBLU) down by as much as 5.7%. Shares of American and Spirit are still down more than 40% for the year, and JetBlue shares are off by 20%, but the stocks have rallied in November based on the growing optimism. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Spirit Airlines.
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Shares of American Airlines Group (NASDAQ: AAL) led the decline on Monday, down 7% at one point, with shares of Spirit Airlines (NYSE: SAVE) off by as much as 6.5% and JetBlue Airways (NASDAQ: JBLU) down by as much as 5.7%. Positive developments toward a COVID-19 vaccine have provided a potential end point to the crisis, and raised confidence that airlines currently bleeding through millions daily will have enough capital to ride out the storm. Shares of American and Spirit are still down more than 40% for the year, and JetBlue shares are off by 20%, but the stocks have rallied in November based on the growing optimism.
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e4febf66-5a77-4ea8-a475-648401e27a11
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4972.0
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2020-11-30 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Sundial Growers, Nutrien, Equillium, Oil stocks
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-sundial-growers-nutrien-equillium-oil-stocks-2020-11-30
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes dipped on Monday as investors paused to take stock of a stellar month ahead of crucial economic reports this week. .N
At 10:59 ET, the Dow Jones Industrial Average .DJI was down 1.10% at 29,580.8. The S&P 500 .SPX was down 1.07% at 3,599.55 and the Nasdaq Composite .IXIC was down 0.86% at 12,101.311. The top three S&P 500 .PG.INX percentage gainers: ** IHS Markit Ltd , up 9.2% ** S&P Global Inc , up 3.1% ** Pfizer Inc , up 2.7% The top three S&P 500 .PL.INX percentage losers: ** HollyFrontier Corp , down 5.6% ** American Airlines , down 5% ** Carnival Corp , down 4.8% The top two NYSE .PG.N percentage gainers: ** Navios Maritime , up 37.3% ** FlexShares STOXX , up 24.1% The top three NYSE .PL.N percentage losers: ** Hyliion Holdings Corp , down 17.9% ** Mogu Inc , down 17.2% ** Jumia Technologies AG , down 15.7% The top three Nasdaq .PG.O percentage gainers: ** China Automotive , up 60.3% ** AquaBounty Technologies , up 39.9% ** Trident Acquisitions Corp , up 33.3% The top three Nasdaq .PL.O percentage losers: ** Francesca's Holdings , down 26.1% ** Nikola Corp , down 25.6% ** Yunji Inc , down 17.3%
** Moderna MRNA.O: up 14.7%
BUZZ-Jumps on emergency authorization plans for COVID-19 vaccine
** Canaan Inc CAN.O: down 9.4%
BUZZ-Falls on lower Q3 revenue, net loss
** SuperCom SPCB.O: up 51.2%
BUZZ-Nearly doubles on new contract
** China Customer Relations Centers CCRC.O: up 3.0%
BUZZ-Rises on go-private offer
** China Automotive Systems Inc CAAS.O: up 60.3%
BUZZ-Up on strong forecast for power steering products
** CNOOC CEO.N: down 15.4%
BUZZ-Drops after Reuters reports Trump to add co to defense blacklist
** Sage Therapeutics SAGE.O: down 9.5%
** Biogen Inc BIIB.O: down 1.1%
BUZZ-Timing of Sage-Biogen deal raises questions
** Nikola NKLA.O: down 25.6%
BUZZ-Nikola slumps as General Motors ditches proposed equity stake
** Sunesis Pharma SNSS.O: up 22.0%
BUZZ-Rises on merger agreement with Viracta Therapeutics
** GrubHub GRUB.N: up 0.7%
BUZZ-DoorDash launches up to $2.8 bln IPO; Airbnb in the wings
** Francesca's Holdings FRAN.O: down 26.1%
BUZZ-Slides as media report says bankruptcy filing likely
** Fang Holdings Ltd SFUN.N: up 9.9%
BUZZ-Rises on takeover offer from General Atlantic
** Northern Genesis Acquisition NGA.N: up 4.6%
BUZZ- Up on deal to take Lion Electric public
** Sundial Growers SNDL.O: up 36.0%
BUZZ-Gains as co cuts some debt
** Equillium EQ.O: down 1.0%
BUZZ-H.C.Wainwright says co's decision on COVID-19 trial "premature"
** Exxon Mobil Corp XOM.N: down 3.2%
** Chevron Corp CVX.N: down 2.0%
** Halliburton HAL.N: down 1.3%
** Baker Hughes BKR.N: down 0.9%
** SM Energy SM.N: down 3.9%
** Murphy Oil MUR.N: down 5.7%
** Marathon Petroleum MPC.N: down 2.9%
BUZZ-Oil stocks fall as OPEC+ members debate 2021 output policy
** Kadmon KDMN.N: up 4.1%
BUZZ-Up after FDA accepts application for drug to treat immune condition
** CDK Global CDK.O: up 6.2%
BUZZ-Up on $1.45 bln deal to sell international unit
** Synchrony Financial SYF.N: up 0.3%
BUZZ-MS sees U.S. big banks firing on all cylinders in 2021
** Slack Technologies WORK.N: up 4.1%
BUZZ-Slack jumps as nears Salesforce deal - report
** Collectors Universe CLCT.O: up 3.3%
BUZZ-Up on buyout offer from Nat Turner-led investor group
** Hookipa Pharma HOOK.O: up 6.8%
BUZZ-Surges as vaccine for organ transplant patients shows promise in study
** Zscaler ZS.O: up 1.2%
BUZZ-Zscaler gains as brokerages hike PT ahead of Q1 results
** Newmont Corp NEM.N: down 1.4%
** Barrick Gold Corp GOLD.N: down 0.7%
** Kinross Gold Corp KGC.N: down 1.8%
** AngloGold Ashanti AU.N: down 0.9%
** Harmony Gold HMY.N: down 2.2%
** Gold Fields GFI.N: down 2.2%
BUZZ-Gold stocks inch lower as bullion drops on vaccine-led economic recovery bets
** Mogu Inc MOGU.N: down 17.2%
BUZZ-Slumps after lower revenue
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 1.15%
Consumer Discretionary
.SPLRCD
down 1.36%
Consumer Staples
.SPLRCS
down 0.75%
Energy
.SPNY
down 2.60%
Financial
.SPSY
down 1.02%
Health
.SPXHC
up 0.07%
Industrial
.SPLRCI
down 0.77%
Information Technology
.SPLRCT
down 0.50%
Materials
.SPLRCM
down 0.90%
Real Estate
.SPLRCR
down 0.77%
Utilities
.SPLRCU
down 0.54%
(Compiled by Shreyasee Raj)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes dipped on Monday as investors paused to take stock of a stellar month ahead of crucial economic reports this week. The top three S&P 500 .PG.INX percentage gainers: ** IHS Markit Ltd , up 9.2% ** S&P Global Inc , up 3.1% ** Pfizer Inc , up 2.7% The top three S&P 500 .PL.INX percentage losers: ** HollyFrontier Corp , down 5.6% ** American Airlines , down 5% ** Carnival Corp , down 4.8% The top two NYSE .PG.N percentage gainers: ** Navios Maritime , up 37.3% ** FlexShares STOXX , up 24.1% The top three NYSE .PL.N percentage losers: ** Hyliion Holdings Corp , down 17.9% ** Mogu Inc , down 17.2% ** Jumia Technologies AG , down 15.7% The top three Nasdaq .PG.O percentage gainers: ** China Automotive , up 60.3% ** AquaBounty Technologies , up 39.9% ** Trident Acquisitions Corp , up 33.3% The top three Nasdaq .PL.O percentage losers: ** Francesca's Holdings , down 26.1% ** Nikola Corp , down 25.6% ** Yunji Inc , down 17.3% ** Moderna MRNA.O: up 14.7% BUZZ-Jumps on emergency authorization plans for COVID-19 vaccine ** Canaan Inc CAN.O: down 9.4% BUZZ-Falls on lower Q3 revenue, net loss ** SuperCom SPCB.O: up 51.2% BUZZ-Nearly doubles on new contract ** China Customer Relations Centers CCRC.O: up 3.0% BUZZ-Rises on go-private offer ** China Automotive Systems Inc CAAS.O: up 60.3% BUZZ-Up on strong forecast for power steering products ** CNOOC CEO.N: down 15.4% BUZZ-Drops after Reuters reports Trump to add co to defense blacklist ** Sage Therapeutics SAGE.O: down 9.5% ** Biogen Inc BIIB.O: down 1.1% BUZZ-Timing of Sage-Biogen deal raises questions ** Nikola NKLA.O: down 25.6% BUZZ-Nikola slumps as General Motors ditches proposed equity stake ** Sunesis Pharma SNSS.O: up 22.0% BUZZ-Rises on merger agreement with Viracta Therapeutics ** GrubHub GRUB.N: up 0.7% BUZZ-DoorDash launches up to $2.8 bln IPO; Airbnb in the wings ** Francesca's Holdings FRAN.O: down 26.1% BUZZ-Slides as media report says bankruptcy filing likely ** Fang Holdings Ltd SFUN.N: up 9.9% BUZZ-Rises on takeover offer from General Atlantic ** Northern Genesis Acquisition NGA.N: up 4.6% BUZZ- Up on deal to take Lion Electric public ** Sundial Growers SNDL.O: up 36.0% BUZZ-Gains as co cuts some debt ** Equillium EQ.O: down 1.0% BUZZ-H.C.Wainwright says co's decision on COVID-19 trial "premature" ** Exxon Mobil Corp XOM.N: down 3.2% ** Chevron Corp CVX.N: down 2.0% ** Halliburton HAL.N: down 1.3% ** Baker Hughes BKR.N: down 0.9% ** SM Energy SM.N: down 3.9% ** Murphy Oil MUR.N: down 5.7% ** Marathon Petroleum MPC.N: down 2.9% BUZZ-Oil stocks fall as OPEC+ members debate 2021 output policy ** Kadmon KDMN.N: up 4.1% BUZZ-Up after FDA accepts application for drug to treat immune condition ** CDK Global CDK.O: up 6.2% BUZZ-Up on $1.45 bln deal to sell international unit ** Synchrony Financial SYF.N: up 0.3% BUZZ-MS sees U.S. big banks firing on all cylinders in 2021 ** Slack Technologies WORK.N: up 4.1% BUZZ-Slack jumps as nears Salesforce deal - report ** Collectors Universe CLCT.O: up 3.3% BUZZ-Up on buyout offer from Nat Turner-led investor group ** Hookipa Pharma HOOK.O: up 6.8% BUZZ-Surges as vaccine for organ transplant patients shows promise in study ** Zscaler ZS.O: up 1.2% BUZZ-Zscaler gains as brokerages hike PT ahead of Q1 results ** Newmont Corp NEM.N: down 1.4% ** Barrick Gold Corp GOLD.N: down 0.7% ** Kinross Gold Corp KGC.N: down 1.8% ** AngloGold Ashanti AU.N: down 0.9% ** Harmony Gold HMY.N: down 2.2% ** Gold Fields GFI.N: down 2.2% BUZZ-Gold stocks inch lower as bullion drops on vaccine-led economic recovery bets ** Mogu Inc MOGU.N: down 17.2% BUZZ-Slumps after lower revenue The 11 major S&P 500 sectors: Communication Services down 0.54% (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes dipped on Monday as investors paused to take stock of a stellar month ahead of crucial economic reports this week. The top three S&P 500 .PG.INX percentage gainers: ** IHS Markit Ltd , up 9.2% ** S&P Global Inc , up 3.1% ** Pfizer Inc , up 2.7% The top three S&P 500 .PL.INX percentage losers: ** HollyFrontier Corp , down 5.6% ** American Airlines , down 5% ** Carnival Corp , down 4.8% The top two NYSE .PG.N percentage gainers: ** Navios Maritime , up 37.3% ** FlexShares STOXX , up 24.1% The top three NYSE .PL.N percentage losers: ** Hyliion Holdings Corp , down 17.9% ** Mogu Inc , down 17.2% ** Jumia Technologies AG , down 15.7% The top three Nasdaq .PG.O percentage gainers: ** China Automotive , up 60.3% ** AquaBounty Technologies , up 39.9% ** Trident Acquisitions Corp , up 33.3% The top three Nasdaq .PL.O percentage losers: ** Francesca's Holdings , down 26.1% ** Nikola Corp , down 25.6% ** Yunji Inc , down 17.3% ** Moderna MRNA.O: up 14.7% BUZZ-Jumps on emergency authorization plans for COVID-19 vaccine ** Canaan Inc CAN.O: down 9.4% BUZZ-Falls on lower Q3 revenue, net loss ** SuperCom SPCB.O: up 51.2% BUZZ-Nearly doubles on new contract ** China Customer Relations Centers CCRC.O: up 3.0% BUZZ-Rises on go-private offer ** China Automotive Systems Inc CAAS.O: up 60.3% BUZZ-Up on strong forecast for power steering products ** CNOOC CEO.N: down 15.4% BUZZ-Drops after Reuters reports Trump to add co to defense blacklist ** Sage Therapeutics SAGE.O: down 9.5% ** Biogen Inc BIIB.O: down 1.1% BUZZ-Timing of Sage-Biogen deal raises questions ** Nikola NKLA.O: down 25.6% BUZZ-Nikola slumps as General Motors ditches proposed equity stake ** Sunesis Pharma SNSS.O: up 22.0% BUZZ-Rises on merger agreement with Viracta Therapeutics ** GrubHub GRUB.N: up 0.7% BUZZ-DoorDash launches up to $2.8 bln IPO; Airbnb in the wings ** Francesca's Holdings FRAN.O: down 26.1% BUZZ-Slides as media report says bankruptcy filing likely ** Fang Holdings Ltd SFUN.N: up 9.9% BUZZ-Rises on takeover offer from General Atlantic ** Northern Genesis Acquisition NGA.N: up 4.6% BUZZ- Up on deal to take Lion Electric public ** Sundial Growers SNDL.O: up 36.0% BUZZ-Gains as co cuts some debt ** Equillium EQ.O: down 1.0% BUZZ-H.C.Wainwright says co's decision on COVID-19 trial "premature" ** Exxon Mobil Corp XOM.N: down 3.2% ** Chevron Corp CVX.N: down 2.0% ** Halliburton HAL.N: down 1.3% ** Baker Hughes BKR.N: down 0.9% ** SM Energy SM.N: down 3.9% ** Murphy Oil MUR.N: down 5.7% ** Marathon Petroleum MPC.N: down 2.9% BUZZ-Oil stocks fall as OPEC+ members debate 2021 output policy ** Kadmon KDMN.N: up 4.1% BUZZ-Up after FDA accepts application for drug to treat immune condition ** CDK Global CDK.O: up 6.2% BUZZ-Up on $1.45 bln deal to sell international unit ** Synchrony Financial SYF.N: up 0.3% BUZZ-MS sees U.S. big banks firing on all cylinders in 2021 ** Slack Technologies WORK.N: up 4.1% BUZZ-Slack jumps as nears Salesforce deal - report ** Collectors Universe CLCT.O: up 3.3% BUZZ-Up on buyout offer from Nat Turner-led investor group ** Hookipa Pharma HOOK.O: up 6.8% BUZZ-Surges as vaccine for organ transplant patients shows promise in study ** Zscaler ZS.O: up 1.2% BUZZ-Zscaler gains as brokerages hike PT ahead of Q1 results ** Newmont Corp NEM.N: down 1.4% ** Barrick Gold Corp GOLD.N: down 0.7% ** Kinross Gold Corp KGC.N: down 1.8% ** AngloGold Ashanti AU.N: down 0.9% ** Harmony Gold HMY.N: down 2.2% ** Gold Fields GFI.N: down 2.2% BUZZ-Gold stocks inch lower as bullion drops on vaccine-led economic recovery bets ** Mogu Inc MOGU.N: down 17.2% BUZZ-Slumps after lower revenue The 11 major S&P 500 sectors: Communication Services down 0.54% (Compiled by Shreyasee Raj) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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.N At 10:59 ET, the Dow Jones Industrial Average .DJI was down 1.10% at 29,580.8. The top three S&P 500 .PG.INX percentage gainers: ** IHS Markit Ltd , up 9.2% ** S&P Global Inc , up 3.1% ** Pfizer Inc , up 2.7% The top three S&P 500 .PL.INX percentage losers: ** HollyFrontier Corp , down 5.6% ** American Airlines , down 5% ** Carnival Corp , down 4.8% The top two NYSE .PG.N percentage gainers: ** Navios Maritime , up 37.3% ** FlexShares STOXX , up 24.1% The top three NYSE .PL.N percentage losers: ** Hyliion Holdings Corp , down 17.9% ** Mogu Inc , down 17.2% ** Jumia Technologies AG , down 15.7% The top three Nasdaq .PG.O percentage gainers: ** China Automotive , up 60.3% ** AquaBounty Technologies , up 39.9% ** Trident Acquisitions Corp , up 33.3% The top three Nasdaq .PL.O percentage losers: ** Francesca's Holdings , down 26.1% ** Nikola Corp , down 25.6% ** Yunji Inc , down 17.3% ** Moderna MRNA.O: up 14.7% BUZZ-Jumps on emergency authorization plans for COVID-19 vaccine ** Canaan Inc CAN.O: down 9.4% BUZZ-Falls on lower Q3 revenue, net loss ** SuperCom SPCB.O: up 51.2% BUZZ-Nearly doubles on new contract ** China Customer Relations Centers CCRC.O: up 3.0% BUZZ-Rises on go-private offer ** China Automotive Systems Inc CAAS.O: up 60.3% BUZZ-Up on strong forecast for power steering products ** CNOOC CEO.N: down 15.4% BUZZ-Drops after Reuters reports Trump to add co to defense blacklist ** Sage Therapeutics SAGE.O: down 9.5% ** Biogen Inc BIIB.O: down 1.1% BUZZ-Timing of Sage-Biogen deal raises questions ** Nikola NKLA.O: down 25.6% BUZZ-Nikola slumps as General Motors ditches proposed equity stake ** Sunesis Pharma SNSS.O: up 22.0% BUZZ-Rises on merger agreement with Viracta Therapeutics ** GrubHub GRUB.N: up 0.7% BUZZ-DoorDash launches up to $2.8 bln IPO; Airbnb in the wings ** Francesca's Holdings FRAN.O: down 26.1% BUZZ-Slides as media report says bankruptcy filing likely ** Fang Holdings Ltd SFUN.N: up 9.9% BUZZ-Rises on takeover offer from General Atlantic ** Northern Genesis Acquisition NGA.N: up 4.6% BUZZ- Up on deal to take Lion Electric public ** Sundial Growers SNDL.O: up 36.0% BUZZ-Gains as co cuts some debt ** Equillium EQ.O: down 1.0% BUZZ-H.C.Wainwright says co's decision on COVID-19 trial "premature" ** Exxon Mobil Corp XOM.N: down 3.2% ** Chevron Corp CVX.N: down 2.0% ** Halliburton HAL.N: down 1.3% ** Baker Hughes BKR.N: down 0.9% ** SM Energy SM.N: down 3.9% ** Murphy Oil MUR.N: down 5.7% ** Marathon Petroleum MPC.N: down 2.9% BUZZ-Oil stocks fall as OPEC+ members debate 2021 output policy ** Kadmon KDMN.N: up 4.1% BUZZ-Up after FDA accepts application for drug to treat immune condition ** CDK Global CDK.O: up 6.2% BUZZ-Up on $1.45 bln deal to sell international unit ** Synchrony Financial SYF.N: up 0.3% BUZZ-MS sees U.S. big banks firing on all cylinders in 2021 ** Slack Technologies WORK.N: up 4.1% BUZZ-Slack jumps as nears Salesforce deal - report ** Collectors Universe CLCT.O: up 3.3% BUZZ-Up on buyout offer from Nat Turner-led investor group ** Hookipa Pharma HOOK.O: up 6.8% BUZZ-Surges as vaccine for organ transplant patients shows promise in study ** Zscaler ZS.O: up 1.2% BUZZ-Zscaler gains as brokerages hike PT ahead of Q1 results ** Newmont Corp NEM.N: down 1.4% ** Barrick Gold Corp GOLD.N: down 0.7% ** Kinross Gold Corp KGC.N: down 1.8% ** AngloGold Ashanti AU.N: down 0.9% ** Harmony Gold HMY.N: down 2.2% ** Gold Fields GFI.N: down 2.2% BUZZ-Gold stocks inch lower as bullion drops on vaccine-led economic recovery bets ** Mogu Inc MOGU.N: down 17.2% BUZZ-Slumps after lower revenue The 11 major S&P 500 sectors: Communication Services down 1.15% Consumer Discretionary
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes dipped on Monday as investors paused to take stock of a stellar month ahead of crucial economic reports this week. .N At 10:59 ET, the Dow Jones Industrial Average .DJI was down 1.10% at 29,580.8. The S&P 500 .SPX was down 1.07% at 3,599.55 and the Nasdaq Composite .IXIC was down 0.86% at 12,101.311.
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6d438042-de43-4332-8aae-9ddbfadf2767
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4973.0
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2020-11-30 00:00:00 UTC
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Airlines Are Struggling, but Delta Stock Is the Best of the Legacy Carriers
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AAL
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https://www.nasdaq.com/articles/airlines-are-struggling-but-delta-stock-is-the-best-of-the-legacy-carriers-2020-11-30
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Delta Airlines (NYSE:DAL) is surging. At $39, DAL stock is at its highest level since mid-March, and is up more than 100% from the 52-week lows, and it’s not alone.
DAL) plane flying through the clouds" width="300" height="169">
Source: NextNewMedia / Shutterstock.com
Travel and tourism stocks have sprung back to life in recent weeks. That’s largely thanks to the advancement of several vaccines for preventing the spread of the novel coronavirus.
As the vaccines near their commercial launches, airlines have been one of the biggest winners. The U.S. Global Jets (NYSEARCA:JETS) exchange-traded fund is up more than 20% for the month of November.
So does Delta and the airline industry have even more room to climb ahead of it? In the short-term, probably. Particularly for Delta, as it’s in healthier shape than a number of its rivals.
7 of the Best Cheap Stocks for December
However, let’s not make any mistakes here; airlines still need an expeditious distribution program for the vaccine for things to really start getting back to normal. While traffic is improving ahead of the holidays, it’s still down an awful long way overall.
Thanksgiving Traffic and DAL Stock
U.S. airline traffic is pointing upward now. On Friday, the Transportation Security Administration (TSA) screened more than one million passengers. This was just the second day since the pandemic hit that traffic topped one million people. Saturday was nearly as busy as well, and things should pick up further as Thanksgiving week plays out.
However, that million passenger figure is still far short of pre-pandemic levels. In fact, the combined Friday and Saturday total for the weekend ahead of Thanksgiving only hit 42% of last year’s passenger totals.
With various state and federal agencies warning people about traveling this holiday season, the travel rebound has started to fade. United Airlines (NASDAQ:UAL) has even seen a rise in cancellations recently as virus case counts have picked up and states tighten their social distancing measures.
When Will Business Travel Come Back?
The holiday traffic numbers are certainly going to be key for trading sentiment in airlines. Thanksgiving and then Christmas numbers will set the tone for the first part of 2021 on just how real the comeback in travel is.
That said, the more service-oriented legacy carriers rely on business travel to make their serious profits. Delta’s chief executive officer (CEO) Ed Bastian said as much. In a recent interview with the Financial Times.
“It will take up to two years before we fully see where business travel is going to be [at] a sustained level of demand,” he said. “I don’t expect it to be 100 per cent back to 2019 levels, but […] hopefully 75-80 percent of it.”
This is a significant concern for Delta and the other legacy carriers. For Delta in particular, corporate travel produced 50% of revenues prior to the pandemic. And it tends to be far higher profit margin than carrying around more frugal tourists.
Therefore, if Delta loses 20% of its business travel, that’s something like 10% of the overall revenue pool disappearing.
All that to say, if travel continues to spring back quickly for vacations and friends and family visits but corporate travel stays down, the budget carriers like Southwest (NYSE:LUV) and Spirit (NYSE:SAVE) will outperform Delta.
DAL Stock Verdict
If I had to own a legacy U.S. airline carrier today, I’d stick with Delta. It has the best balance sheet and strategic position to ride out the current slump.
As rivals like American (NASDAQ:AAL) lose billions of dollars and have to cut costs, it should give Delta a greater competitive edge. The recovery for airlines is going to take years. As such, the firms in the best position, namely Delta and Southwest, will have an extended window with which to build on their advantages.
And now, with value stocks flying, DAL stock is well-positioned heading into the holidays. Just be aware that the longer-term bread and butter of the company, business travel, isn’t set to really recover until at least 2022. That means that DAL stock, in turn will struggle to get back to its $60 pre-pandemic levels as well.
There’s potentially still upside from the current $40 level to $50 or so, however don’t expect too much more than that out of DAL stock in the near-term.
On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.
The post Airlines Are Struggling, but Delta Stock Is the Best of the Legacy Carriers appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As rivals like American (NASDAQ:AAL) lose billions of dollars and have to cut costs, it should give Delta a greater competitive edge. DAL) plane flying through the clouds" width="300" height="169"> Source: NextNewMedia / Shutterstock.com Travel and tourism stocks have sprung back to life in recent weeks. 7 of the Best Cheap Stocks for December However, let’s not make any mistakes here; airlines still need an expeditious distribution program for the vaccine for things to really start getting back to normal.
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As rivals like American (NASDAQ:AAL) lose billions of dollars and have to cut costs, it should give Delta a greater competitive edge. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Delta Airlines (NYSE:DAL) is surging. Thanksgiving Traffic and DAL Stock U.S. airline traffic is pointing upward now.
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As rivals like American (NASDAQ:AAL) lose billions of dollars and have to cut costs, it should give Delta a greater competitive edge. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Delta Airlines (NYSE:DAL) is surging. All that to say, if travel continues to spring back quickly for vacations and friends and family visits but corporate travel stays down, the budget carriers like Southwest (NYSE:LUV) and Spirit (NYSE:SAVE) will outperform Delta.
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As rivals like American (NASDAQ:AAL) lose billions of dollars and have to cut costs, it should give Delta a greater competitive edge. When Will Business Travel Come Back? That said, the more service-oriented legacy carriers rely on business travel to make their serious profits.
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29404ca7-7c63-4943-a2ed-10412e44548a
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4974.0
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2020-11-30 00:00:00 UTC
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Pre-Market Most Active for Nov 30, 2020 : NKLA, ACB, MRNA, NIO, PLTR, AAL, NGA, TLRY, FCEL, TSLA, CCL, GNW
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-30-2020-%3A-nkla-acb-mrna-nio-pltr-aal-nga-tlry-fcel-tsla-ccl
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 28.5 to 12,286.71. The total Pre-Market volume is currently 128,291,144 shares traded.
The following are the most active stocks for the pre-market session:
Nikola Corporation (NKLA) is -1.91 at $26.02, with 8,919,400 shares traded. NKLA's current last sale is 69.39% of the target price of $37.5.
Aurora Cannabis Inc. (ACB) is +0.8 at $11.27, with 4,339,616 shares traded. ACB's current last sale is 123.91% of the target price of $9.095.
Moderna, Inc. (MRNA) is +17.78 at $144.81, with 3,513,804 shares traded., following a 52-week high recorded in prior regular session.
NIO Inc. (NIO) is -0.04 at $53.96, with 2,955,014 shares traded. NIO's current last sale is 163.52% of the target price of $33.
Palantir Technologies Inc. (PLTR) is +1.09 at $28.75, with 2,803,110 shares traded. PLTR's current last sale is 198.28% of the target price of $14.5.
American Airlines Group, Inc. (AAL) is -0.13 at $14.85, with 2,365,803 shares traded. AAL's current last sale is 148.5% of the target price of $10.
Northern Genesis Acquisition Corp. (NGA) is +2.75 at $15.79, with 2,087,494 shares traded.
Tilray, Inc. (TLRY) is +0.54 at $9.04, with 1,935,223 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $-0.14. TLRY's current last sale is 97.73% of the target price of $9.25.
FuelCell Energy, Inc. (FCEL) is +0.6802 at $10.37, with 1,382,240 shares traded. FCEL's current last sale is 460.9% of the target price of $2.25.
Tesla, Inc. (TSLA) is +14.75 at $600.51, with 1,352,227 shares traded., following a 52-week high recorded in prior regular session.
Carnival Corporation (CCL) is +0.36 at $21.94, with 1,324,242 shares traded. CCL's current last sale is 146.27% of the target price of $15.
Genworth Financial Inc (GNW) is +0.55 at $4.70, with 1,270,487 shares traded.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is -0.13 at $14.85, with 2,365,803 shares traded. AAL's current last sale is 148.5% of the target price of $10. Moderna, Inc. (MRNA) is +17.78 at $144.81, with 3,513,804 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is -0.13 at $14.85, with 2,365,803 shares traded. AAL's current last sale is 148.5% of the target price of $10. NKLA's current last sale is 69.39% of the target price of $37.5.
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American Airlines Group, Inc. (AAL) is -0.13 at $14.85, with 2,365,803 shares traded. AAL's current last sale is 148.5% of the target price of $10. The total Pre-Market volume is currently 128,291,144 shares traded.
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American Airlines Group, Inc. (AAL) is -0.13 at $14.85, with 2,365,803 shares traded. AAL's current last sale is 148.5% of the target price of $10. The following are the most active stocks for the pre-market session:
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b7f41490-fcdb-47d7-96fd-28d12932e766
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4975.0
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2020-11-30 00:00:00 UTC
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Here's Why Investors Should Avoid American Airlines and Focus on Southwest
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AAL
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https://www.nasdaq.com/articles/heres-why-investors-should-avoid-american-airlines-and-focus-on-southwest-2020-11-30
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nan
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nan
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The worst might be over for the airlines, but a recovery is going to take a long time. Some companies will inevitably be able to recover ahead of the pack, and some will be laggards.
In this Motley Fool Live clip from Nov. 19, Motley Fool contributor Lou Whiteman and "The Wrap" host Jason Hall talk about why Southwest Airlines (NYSE: LUV) is set up well to take share from rivals including American Airlines (NASDAQ: AAL) in the quarters to come.
10 stocks we like better than American Airlines Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Jason Hall: We've seen airlines stocks as a group, even though a lot are still down, have really run hard and fast recently. I'm sure you've got an airline you can think of that's probably run too fast, and maybe it's too early in the recovery, to call it a good time to buy.
Lou Whiteman: American Airlines is still down 50 percent for the year, but they are up 25 percent in less than a month. Thanks for this vaccine news. People should be very careful with American. American was last to do a merger and a bankruptcy at the last down turn, so they are behind the other companies, Delta (NYSE: DAL), United (NASDAQ: UAL), Southwest, the other three in the big four, are well ahead of them as far as transforming the business. They have more debt than their rivals. They did have some trouble with buybacks. They were the target of a lot of criticism going into these bail outs. This is a company that's even when things normalize, and this could take years, they are going to have the weakest balance sheet, and they are going to need time to recover before they can go on the offensive. We're seeing Southwest start to go on the offensive, attack United and American, both at Chicago moving into new markets. I don't think they're going to go under, I think they're going to make it through the crisis, but American is going to be the laggard in a lot of the recovery. I would be very careful jumping on board this airplane just because the vaccine is coming, and the airlines are going to start getting healthy.
Hall: My view on this one, I think it's an interesting take there and I think you're probably right is, the idea you look at Southwest, Southwest is going to come out of this stronger and better shaped than probably any other airline. Because it's taking market share, because it has the financial capacity to do that while everybody else is weak. This is a situation where a lot of people are looking at the stock price for this company a year ago and saying, that's where it's going to be when it gets back to normal in a year or two, and they are anchoring on a previous price. This is a business what you are saying, that's probably going to be weaker when it recovers, than it was a year-and-a-half ago or so?
Whiteman: Yeah. I think it's going to be harder for them to show results for a long time. It could be the second half of this decade before this business is really ready to thrive. You're going to get it for a lot cheaper, Southwest are just trying the numbers, Southwest is only down 14 percent for the year, if this is right now, which is pretty amazing for an airline. But every down turn we've had, Southwest has gone on the offensive and they've just been vicious taking share. It's not going to be any different this time. American, United, both seem to be in their crosshairs. United can weather the storm. American, they're going to get by, but American is very vulnerable to the attack right now, so just be careful.
Hall: I love it, the takeaway here is you look for great companies that have great prospects, even if they're struggling now, versus just the stock that's fallen the most in the sector, thinking that you're going to get the most returns, because a lot of times they're down the most for a reason.
Whiteman: Absolutely.
Jason Hall owns shares of Southwest Airlines. Lou Whiteman owns shares of Delta Air Lines. The Motley Fool recommends Delta Air Lines and Southwest Airlines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this Motley Fool Live clip from Nov. 19, Motley Fool contributor Lou Whiteman and "The Wrap" host Jason Hall talk about why Southwest Airlines (NYSE: LUV) is set up well to take share from rivals including American Airlines (NASDAQ: AAL) in the quarters to come. American was last to do a merger and a bankruptcy at the last down turn, so they are behind the other companies, Delta (NYSE: DAL), United (NASDAQ: UAL), Southwest, the other three in the big four, are well ahead of them as far as transforming the business. This is a company that's even when things normalize, and this could take years, they are going to have the weakest balance sheet, and they are going to need time to recover before they can go on the offensive.
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In this Motley Fool Live clip from Nov. 19, Motley Fool contributor Lou Whiteman and "The Wrap" host Jason Hall talk about why Southwest Airlines (NYSE: LUV) is set up well to take share from rivals including American Airlines (NASDAQ: AAL) in the quarters to come. Jason Hall owns shares of Southwest Airlines. Lou Whiteman owns shares of Delta Air Lines.
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In this Motley Fool Live clip from Nov. 19, Motley Fool contributor Lou Whiteman and "The Wrap" host Jason Hall talk about why Southwest Airlines (NYSE: LUV) is set up well to take share from rivals including American Airlines (NASDAQ: AAL) in the quarters to come. 10 stocks we like better than American Airlines Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Jason Hall: We've seen airlines stocks as a group, even though a lot are still down, have really run hard and fast recently.
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In this Motley Fool Live clip from Nov. 19, Motley Fool contributor Lou Whiteman and "The Wrap" host Jason Hall talk about why Southwest Airlines (NYSE: LUV) is set up well to take share from rivals including American Airlines (NASDAQ: AAL) in the quarters to come. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Jason Hall: We've seen airlines stocks as a group, even though a lot are still down, have really run hard and fast recently. We're seeing Southwest start to go on the offensive, attack United and American, both at Chicago moving into new markets.
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4976.0
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2020-11-29 00:00:00 UTC
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Field narrows for global miner Rio Tinto's top job
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https://www.nasdaq.com/articles/field-narrows-for-global-miner-rio-tintos-top-job-2020-11-29
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By Melanie Burton and Helen Reid
MELBOURNE/JOHANNESBERG, Nov 30 (Reuters) - Rio Tinto will look to a handful of external candidates in a narrowing field for its new chief executive, as the miner tries to win back investors dismayed by the blasting of an ancient Australian rock shelter, bankers and investors say.
The top priority for a new CEO will be strong stakeholder management skills, as the world's biggest iron ore miner begins to repair its relationships with Aboriginal groups and navigates a host of government issues elsewhere, they said.
Some major mining executives have ruled themselves out, and there is not a long list of acceptable candidates with the skill set and appetite for the top job, according to interviews with a dozen investors and analysts.
Front runners are seen as former BP BP.L Chief Financial Officer Brian Gilvary, Anglo American finance director AAL.L Stephen Pearce, OZ Minerals CEO Andrew Cole OZL.AX, and former Fortescue Metals Group FMG.AX CEO Nev Power. L8N2I50SI
"More than anything - it doesn't matter whether they're within or outside the sector - I think they need someone who's a very good manager," said George Cheveley, portfolio manager at Ninety One in London.
Stakes are high. The board is under pressure to make a strong pick before current CEO Jean-Sébastien Jacques steps down in March, following public ire over the company's initial response to the Australian cave destruction.
As well as navigating Australia's trade tensions with China, potential aluminium plant closures and job losses, a new CEO will have to manage cost overruns in Mongolia, a new iron ore mine in Guinea and legacy issues in Bougainville.
Some leading mining chief executives such as Newmont Corp's NEM.N Tom Palmer and Anglo American's Mark Cutifani have publicly ruled themselves out, while Newcrest Mining's NCM.AX Sandeep Biswas has said he is very happy where he is.
Given community relations issues across the sector, some favour a new CEO from outside mining.
"It appears to me that the mining sector is challenged in finding appropriate and effective executive leadership," said Doug McMurdo, chairman of Local Authority Pension Fund Forum (LAPFF) which represents 82 local authority pension funds that have 300 billion pounds under management.
Australian investors, meanwhile, insist that a new CEO must have a depth of local experience and would better be based in the country that provides 85% of the company's profits, if not the actual state itself, Western Australia.
Some hurdles are of the board's own making, after chairman Simon Thomson's handling of the cave blasts has cast a shadow over his tenure.
That may make a potential CEO think twice before accepting a role where the person with whom he works most closely may abruptly change, said one corporate advisor, who declined to be named because of the sensitivity of the topic.
Some investors believe a candidate out of left field is also a possibility, and point to precedents.
Iron ore miner Fortescue's Elizabeth Gaines came from the travel industry, although she had spent time on the board, while the former CEO of Denmark's oil and gas giant Orsted ORSTED.CO came from Lego and the financial industry.
(Reporting by Melanie Burton in Melbourne and Helen Reid in Johannesberg; additional reporting by Ron Bousso, Ron Bousso, Zandi Shabalala and Clara Denina in London; editing by Richard Pullin)
((melanie.burton@thomsonreuters.com Twitter: @MelanieMetals; +613 9286 1421; Reuters Messaging: melanie.burton.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Front runners are seen as former BP BP.L Chief Financial Officer Brian Gilvary, Anglo American finance director AAL.L Stephen Pearce, OZ Minerals CEO Andrew Cole OZL.AX, and former Fortescue Metals Group FMG.AX CEO Nev Power. The top priority for a new CEO will be strong stakeholder management skills, as the world's biggest iron ore miner begins to repair its relationships with Aboriginal groups and navigates a host of government issues elsewhere, they said. The board is under pressure to make a strong pick before current CEO Jean-Sébastien Jacques steps down in March, following public ire over the company's initial response to the Australian cave destruction.
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Front runners are seen as former BP BP.L Chief Financial Officer Brian Gilvary, Anglo American finance director AAL.L Stephen Pearce, OZ Minerals CEO Andrew Cole OZL.AX, and former Fortescue Metals Group FMG.AX CEO Nev Power. "It appears to me that the mining sector is challenged in finding appropriate and effective executive leadership," said Doug McMurdo, chairman of Local Authority Pension Fund Forum (LAPFF) which represents 82 local authority pension funds that have 300 billion pounds under management. Iron ore miner Fortescue's Elizabeth Gaines came from the travel industry, although she had spent time on the board, while the former CEO of Denmark's oil and gas giant Orsted ORSTED.CO came from Lego and the financial industry.
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Front runners are seen as former BP BP.L Chief Financial Officer Brian Gilvary, Anglo American finance director AAL.L Stephen Pearce, OZ Minerals CEO Andrew Cole OZL.AX, and former Fortescue Metals Group FMG.AX CEO Nev Power. By Melanie Burton and Helen Reid MELBOURNE/JOHANNESBERG, Nov 30 (Reuters) - Rio Tinto will look to a handful of external candidates in a narrowing field for its new chief executive, as the miner tries to win back investors dismayed by the blasting of an ancient Australian rock shelter, bankers and investors say. As well as navigating Australia's trade tensions with China, potential aluminium plant closures and job losses, a new CEO will have to manage cost overruns in Mongolia, a new iron ore mine in Guinea and legacy issues in Bougainville.
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Front runners are seen as former BP BP.L Chief Financial Officer Brian Gilvary, Anglo American finance director AAL.L Stephen Pearce, OZ Minerals CEO Andrew Cole OZL.AX, and former Fortescue Metals Group FMG.AX CEO Nev Power. By Melanie Burton and Helen Reid MELBOURNE/JOHANNESBERG, Nov 30 (Reuters) - Rio Tinto will look to a handful of external candidates in a narrowing field for its new chief executive, as the miner tries to win back investors dismayed by the blasting of an ancient Australian rock shelter, bankers and investors say. The top priority for a new CEO will be strong stakeholder management skills, as the world's biggest iron ore miner begins to repair its relationships with Aboriginal groups and navigates a host of government issues elsewhere, they said.
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2020-11-28 00:00:00 UTC
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If You Bought the 5 Most Popular Robinhood Stocks 6 Months Ago, Here's How Much You'd Have Today
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https://www.nasdaq.com/articles/if-you-bought-the-5-most-popular-robinhood-stocks-6-months-ago-heres-how-much-youd-have
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These household names were the five most popular Robinhood stocks on May 27, 2020:
COMPANY
TICKER
YEAR-TO-DATE PRICE CHANGE ON 5/27/2020
Ford Motor
(NYSE: F)
(35.2%)
General Electric
(NYSE: GE)
(34.7%)
Walt Disney
(NYSE: DIS)
(16%)
American Airlines Group
(NASDAQ: AAL)
(58.2%)
Delta Air Lines
(NYSE: DAL)
(55%)
Data sources: Robinhood and YCharts.
These were some of the darkest days of the COVID-19 market crash in the spring. All of these stocks had fallen much further than the market as a whole and many Robinhood investors were eager to cash in on a quick turnaround. Sales of airline seats and theme park tickets would surely surge over the summer, alongside renewed interest in Ford trucks. GE had just found a buyer of its struggling consumer lighting business and the company's aviation segment would benefit from a refreshed airline sector.
All of these investment theses assumed a quick recovery from the spring's coronavirus lockdowns.
Image source: Getty Images.
How are these ideas working out in reality?
The summer came and went. The pandemic didn't go away. There is light at the end of the tunnel thanks to several successful coronavirus vaccine programs, but the health crisis itself and the mitigation efforts designed to fight it cut some deep scars in established business ideas. The effects on this short list of popular Robinhood investments were mixed.
Ford reopened its shuttered factories over the summer and launched several promising models that should sell nicely in 2021. The company's strategy for electric vehicles remains unclear but the idea of running its own used-car website could be a winner.
GE's multiyear turnaround story continued with an increased focus on healthcare and renewable energy operations. The lack of a sharp rebound in airline travel led to pressure on General Electrics' aviation business, resulting in another round of job cuts in the jet engine sector.
Disney reopened its theme parks but drew small crowds amid strict social distancing rules. The movie industry is still effectively closed down, forcing the House of Mouse to rethink its entire film business and move many premieres from the silver screen to streaming services.
Delta and American Airlines continue to face dramatic declines in ticket sales and travel plans. Delta's third-quarter sales plunged 79% year over year and American's revenue dropped 73% for the same period. The Center for Disease Control recommended that Americans cancel their travel plans for Thanksgiving due to skyrocketing coronavirus infections. These negative trends didn't stop airline stocks from a dramatic takeoff in November as three separate vaccine trials reported promising results.
Real-world market results
Let's imagine that you invested $10,000 in each of these popular Robinhood stocks six months ago. Here's how those positions would have developed until now:
F data by YCharts.
All of these stocks are beating the broader market. The S&P 500 index rose 19.9% over the same period, just below Walt Disney's 21.5% gain at the bottom of this list. The original $50,000 investment has grown to $69,900 today, which works out to an average gain of 40%.
Time will tell how these investments may perform in the long run, but Robinhood's most popular turnaround ideas of the late spring have delivered solid results in the first six months.
I would hesitate to buy most of these stocks today, given that the recent surge in COVID-19 cases may lead to a second round of widespread lockdowns around the country and the world. At the same time, I'm keeping a close eye on high-quality companies like Walt Disney and Ford, ready to pounce if the lockdowns arrive and drive their share prices lower again. In particular, I see Disney repositioning itself as a budding leader in streaming video platforms. I would love to pick up more Disney shares on the cheap, even at the cost of long-term trouble in the company's theme parks and resorts division.
10 stocks we like better than Walt Disney
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Walt Disney 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 November 20, 2020
Anders Bylund owns shares of Walt Disney. The Motley Fool owns shares of and recommends Walt Disney. The Motley Fool recommends Delta Air Lines and recommends the following options: long January 2021 $60 calls on Walt Disney and short January 2021 $135 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.
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There is light at the end of the tunnel thanks to several successful coronavirus vaccine programs, but the health crisis itself and the mitigation efforts designed to fight it cut some deep scars in established business ideas. The lack of a sharp rebound in airline travel led to pressure on General Electrics' aviation business, resulting in another round of job cuts in the jet engine sector. The movie industry is still effectively closed down, forcing the House of Mouse to rethink its entire film business and move many premieres from the silver screen to streaming services.
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Delta and American Airlines continue to face dramatic declines in ticket sales and travel plans. The Motley Fool owns shares of and recommends Walt Disney. The Motley Fool recommends Delta Air Lines and recommends the following options: long January 2021 $60 calls on Walt Disney and short January 2021 $135 calls on Walt Disney.
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10 stocks we like better than Walt Disney When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Anders Bylund owns shares of Walt Disney. The Motley Fool recommends Delta Air Lines and recommends the following options: long January 2021 $60 calls on Walt Disney and short January 2021 $135 calls on Walt Disney.
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(34.7%) Walt Disney Sales of airline seats and theme park tickets would surely surge over the summer, alongside renewed interest in Ford trucks. The Motley Fool owns shares of and recommends Walt Disney.
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4978.0
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2020-11-28 00:00:00 UTC
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3 Popular Robinhood Stocks Wall Street Hates
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https://www.nasdaq.com/articles/3-popular-robinhood-stocks-wall-street-hates-2020-11-28
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This has been a year filled with uncertainty, and it's led to record-breaking volatility on Wall Street. Although things may look relatively calm now, the broad-based S&P 500 registered its fastest bear-market drop ever in March, and the index has logged 10 of its largest single-session point declines in history since the year began.
While these wild stock market swings have been unnerving for some folks, they've proved to be an insatiable lure for millennial and novice investors. We know this because online investing app Robinhood has added millions of new members in 2020, and the average age of its user base is only 31.
Though it's great to see young investors putting their money to work in the stock market, many Robinhood users have chosen to chase penny stocks or downright awful companies. As a result, quite a few of the most popular Robinhood stocks are hated by Wall Street. This was especially evident during the third quarter, with money managers running for the exit from the following three stocks.
Image source: Getty Images.
Tesla
Electric-vehicle (EV) manufacturer Tesla Motors (NASDAQ: TSLA) has been virtually unstoppable over the past decade. CEO Elon Musk has successfully built the first auto company from the ground up to mass production in over five decades, and the stock has rewarded shareholders with a nearly 7,800% gain over the trailing-10-year period.
However, optimism surrounding Tesla and its lofty valuation appears to be waning among professional money managers. During the third quarter, aggregate ownership by Form 13F filers decreased by 18.2%, or more than 87 million shares.
If you're wondering why professional money managers aren't as enthused about Tesla anymore, I'd look to the company's income statement. With funding no longer a concern, the real issue has been Tesla's inability to generate a full-year generally accepted accounting principles (GAAP) profit, and its reliance on selling emission credits to generate revenue. Put another way, Tesla's not been profitable without the assistance of (legal) accounting trickery. A market cap north of $500 billion for a company that's not even shown the ability to generate an old-fashioned profit might be causing some folks to think twice about mashing the accelerator to the floorboard.
It's also unclear whether Tesla's first-mover advantages will be sustainable over the long run. Other brand-name auto stocks are investing billions annually into EVs and/or autonomous driving solutions. From style to battery technology, it could be difficult for Tesla to maintain its U.S. EV dominance for much longer.
Image source: American Airlines.
American Airlines Group
Another exceptionally popular Robinhood stock that Wall Street money managers showed the door in the third quarter is American Airlines Group (NASDAQ: AAL). The beleaguered airline stock saw aggregate 13F ownership decline by 5.3%, or 15.1 million shares, in Q3.
Whereas Tesla is defying gravity with its innovation, the old-school airline industry remains mostly grounded, with American Airlines looking like the worst of the bunch. This is a company that made the decision to modernize its fleet in 2018 and retire dozens of commercial planes well before their useful lifespan was up. As a result, American Airlines' balance sheet was, again, buried by debt.
The company's poor financial flexibility was only magnified by the COVID-19 pandemic. With air traffic well below where it stood when the year began, and no clear time frame as to when people will again take to the skies, this high-capital-input, low-margin industry is hanging on by thread and producing massive losses in the process. This industry simply isn't capable of navigating its way through extended economic declines.
What money managers are fleeing is a company with nearly $33 billion in net debt that's suspended all dividends and share buybacks. Even if American Airlines avoids bankruptcy, it'll be hamstrung by its debt for many years to come.
Image source: Getty Images.
Intel
Wall Street money managers have also shunned brand-name chipmaker Intel (NASDAQ: INTC). Despite the stock being popular with millennial investors, 13F filers reduced their sequential quarterly holdings in Intel by approximately 159 million shares, or 5.8%, during the third quarter.
Similar to American Airlines, COVID-19 has really done a number on Intel's core operating segments. Though it's seeing very modest growth from personal computing and workstation chip demand, revenue from its Data Center Group has stumbled badly (down 10% from the prior-year quarter). Demand uncertainty stemming from COVID-19, market share losses to key rival Advanced Micro Devices, and the expectation of more modest order growth from cloud service providers hasn't sat well with Wall Street.
Yet unlike Tesla, which doesn't have a proven, time-tested business model, and American Airlines, whose business model is disrupted with even the slightest economic headwind, Intel has demonstrated the ability to remain very profitable in adverse economic conditions. Intel is investing heavily in its future, with the company expecting demand to increase dramatically from its higher-margin data center segment in the years to come. Even the memory and programmable solutions divisions offer decent long-term growth prospects.
So even though Intel has been a disappointment in 2020 and its high-growth days are long gone, it's now priced at roughly 10 times Wall Street's per-share profit forecast for 2021. That's a reasonable valuation when coupled with a yield of close to 3%. Assuming Intel's growth strategy pivot begins paying off by mid-decade, this is one Robinhood stock Wall Street is going to regret selling.
10 stocks we like better than Tesla
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Tesla 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 November 20, 2020
Sean Williams has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Tesla. The Motley Fool recommends Intel. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group Another exceptionally popular Robinhood stock that Wall Street money managers showed the door in the third quarter is American Airlines Group (NASDAQ: AAL). Although things may look relatively calm now, the broad-based S&P 500 registered its fastest bear-market drop ever in March, and the index has logged 10 of its largest single-session point declines in history since the year began. With air traffic well below where it stood when the year began, and no clear time frame as to when people will again take to the skies, this high-capital-input, low-margin industry is hanging on by thread and producing massive losses in the process.
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American Airlines Group Another exceptionally popular Robinhood stock that Wall Street money managers showed the door in the third quarter is American Airlines Group (NASDAQ: AAL). The beleaguered airline stock saw aggregate 13F ownership decline by 5.3%, or 15.1 million shares, in Q3. Intel Wall Street money managers have also shunned brand-name chipmaker Intel (NASDAQ: INTC).
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American Airlines Group Another exceptionally popular Robinhood stock that Wall Street money managers showed the door in the third quarter is American Airlines Group (NASDAQ: AAL). Though it's great to see young investors putting their money to work in the stock market, many Robinhood users have chosen to chase penny stocks or downright awful companies. Yet unlike Tesla, which doesn't have a proven, time-tested business model, and American Airlines, whose business model is disrupted with even the slightest economic headwind, Intel has demonstrated the ability to remain very profitable in adverse economic conditions.
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American Airlines Group Another exceptionally popular Robinhood stock that Wall Street money managers showed the door in the third quarter is American Airlines Group (NASDAQ: AAL). This was especially evident during the third quarter, with money managers running for the exit from the following three stocks. Intel Wall Street money managers have also shunned brand-name chipmaker Intel (NASDAQ: INTC).
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4979.0
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2020-11-27 00:00:00 UTC
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U.S. finalizes new rules sought by airlines on consumer protections
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https://www.nasdaq.com/articles/u.s.-finalizes-new-rules-sought-by-airlines-on-consumer-protections-2020-11-27
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By David Shepardson
WASHINGTON, Nov 27 (Reuters) - The U.S. Transportation Department on Friday said it would add new procedural hurdles before the government could bar most additional unfair or deceptive practices by airlines, in a move sought by the carriers.
The department is codifying a definition of what constitutes unfair or deceptive practices. It will requires a three-pronged analysis before adopting new rules deeming airline practices unfair or deceptive and require evidentiary hearings before most new rules are adopted.
Many Democrats in Congress urged the department to abandon the effort.
Representative Katie Porter said in July that the rule would "weaken enforcement of airline passenger protections." Four senators including Maria Cantwell, the top Democrat on the Commerce Committee, said "industry groups could exploit these new procedural hoops — which the airlines themselves appear to be driving — to delay any DOT action to protect consumers."
The Transportation Department said Friday the new rules that apply to airlines and ticket agents provide "greater transparency and predictability on how the department conducts its aviation consumer protection rulemaking and enforcement activities."
The International Air Transport Association and Airlines for America, a trade group that had sought the rules representing major airlines including American Airlines AAL.O, Delta Air Lines DAL.N and United Airlines UAL.O, said earlier the proposed rules would "benefit the public by further enhancing the transparency, predictability, and consistency of DOT’s rulemaking and enforcement procedures."
Southwest Airlines LUV.N said DOT previously had "not adopted clearly articulated standards or policy statements for determining what constitutes unfairness or deception... Too often this has resulted in overbroad interpretations of DOT’s authority."
The definitions are modeled on the Federal Trade Commision (FTC) standards on unfair or deceptive practices.
FTC Commissioner Rebecca Slaughter had urged the department not to finalize the rule "because it will seriously hamper the department’s ability to fulfill its statutory mission of protecting aviation consumers."
The department rejected several additional requests from airlines, declining requests to adopt a "clear and convincing evidence" standard for enforcement or a new "intent to deceive" requirement.
The new rules become final 30 days after being published in the Federal Register.
(Reporting by David Shepardson; Editing by Leslie Adler and Alistair Bell)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The International Air Transport Association and Airlines for America, a trade group that had sought the rules representing major airlines including American Airlines AAL.O, Delta Air Lines DAL.N and United Airlines UAL.O, said earlier the proposed rules would "benefit the public by further enhancing the transparency, predictability, and consistency of DOT’s rulemaking and enforcement procedures." By David Shepardson WASHINGTON, Nov 27 (Reuters) - The U.S. Transportation Department on Friday said it would add new procedural hurdles before the government could bar most additional unfair or deceptive practices by airlines, in a move sought by the carriers. Four senators including Maria Cantwell, the top Democrat on the Commerce Committee, said "industry groups could exploit these new procedural hoops — which the airlines themselves appear to be driving — to delay any DOT action to protect consumers."
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The International Air Transport Association and Airlines for America, a trade group that had sought the rules representing major airlines including American Airlines AAL.O, Delta Air Lines DAL.N and United Airlines UAL.O, said earlier the proposed rules would "benefit the public by further enhancing the transparency, predictability, and consistency of DOT’s rulemaking and enforcement procedures." It will requires a three-pronged analysis before adopting new rules deeming airline practices unfair or deceptive and require evidentiary hearings before most new rules are adopted. The definitions are modeled on the Federal Trade Commision (FTC) standards on unfair or deceptive practices.
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The International Air Transport Association and Airlines for America, a trade group that had sought the rules representing major airlines including American Airlines AAL.O, Delta Air Lines DAL.N and United Airlines UAL.O, said earlier the proposed rules would "benefit the public by further enhancing the transparency, predictability, and consistency of DOT’s rulemaking and enforcement procedures." It will requires a three-pronged analysis before adopting new rules deeming airline practices unfair or deceptive and require evidentiary hearings before most new rules are adopted. The Transportation Department said Friday the new rules that apply to airlines and ticket agents provide "greater transparency and predictability on how the department conducts its aviation consumer protection rulemaking and enforcement activities."
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The International Air Transport Association and Airlines for America, a trade group that had sought the rules representing major airlines including American Airlines AAL.O, Delta Air Lines DAL.N and United Airlines UAL.O, said earlier the proposed rules would "benefit the public by further enhancing the transparency, predictability, and consistency of DOT’s rulemaking and enforcement procedures." The department is codifying a definition of what constitutes unfair or deceptive practices. FTC Commissioner Rebecca Slaughter had urged the department not to finalize the rule "because it will seriously hamper the department’s ability to fulfill its statutory mission of protecting aviation consumers."
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2020-11-27 00:00:00 UTC
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Looking For Cheap Stocks To Buy On Black Friday? 3 To Watch Before The Economic Rebound
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https://www.nasdaq.com/articles/looking-for-cheap-stocks-to-buy-on-black-friday-3-to-watch-before-the-economic-rebound
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3 Cheap Stocks To Watch Right Now
Is the stock market open on Black Friday? The answer is yes, but the New York Stock Exchange and Nasdaq will close at 1 p.m. ET. While consumers are looking for value deals to add to their shopping cart, investors are looking for the best stocks to add to their portfolio. We all know stocks can be cheap for various reasons, but not all cheap stocks offer value, right? Therefore, investors need to do due diligence to find bargains in thestock market todaywhich could bring good values to shareholders. But the real question here is, where do we start?
In recent weeks, the optimism among vaccine makers such as Pfizer (PFE Stock Report) and Moderna (MRNA Stock Report) are pushing the stock market to new highs. The Dow surpassed 30,000 points for the first time, an all-time high for the index. If you are looking for the best deals in the stock market today, where do we start? Personally, I would go straight to the epicenter stocks. I believe the most heavily battered industries from the coronavirus pandemic offer the best upside potential considering most of them are still trading less than their pre-pandemic levels.
Sure, the stock market has had an incredible run-up since the lows in mid-March. Thus, it may feel as if there are no longer any bargains left among stocks that you might want to own. That’s especially when you have a heavy focus on industries like electric vehicles or cloud computing. However, if you are patient enough with your investments, would you consider the following cheap stocks today?
Read More
Are These The Top Stocks To Buy Right Now? 4 Names To Watch
Top Biotech Stocks To Watch Apart From Pfizer & Moderna
Cheap Stocks To Buy [Or Avoid] Now: American Airlines
When investors are looking for cheap stocks to buy, airline stocks like American Airlines Group Inc. (AAL Stock Report) usually come to mind. Of course, the COVID-19 pandemic has brought the company down to its knees. But as we’re on the brink of vaccine distribution, we’ve seen AAL stock move higher this week. AAL stock has gone up nearly 18% in the past 5 trading sessions.
The company reported its third-quarter earnings last month where the losses were narrower than analysts have estimated. The company reported revenues of $3.2 billion, a 73% drop year-over-year. American Airlines also reported a 59% decrease in total available seat miles, and a net loss of $2.4 billion for the third quarter.
So, is AAL stock really worth the risk? If you are looking for a quick flip and get a quick profit in the next few days or so, perhaps this isn’t your cup of tea (yet). That’s because airline revenue is unlikely to bounce back anytime soon even if a vaccine becomes widespread. Of course, we can say that airlines are out of the woods and that we could finally see light at the end of the tunnel. Chances are, American Airlines could gradually recover both in its revenue and stock price. But the truth is, it will take quite some time to rebuild the company’s balance sheet before American hits cruising altitude again. Admittedly, AAL stock looks cheap, but that doesn’t mean it comes without risk. Would you be betting on AAL stock for a recovery in the airline business?
Cheap Stocks To Buy [Or Avoid] Now: Carnival Corporation
Next up, another cheap stock to consider is Carnival Corporation (CCL Stock Report). The company is the world’s largest travel leisure company, with a combined fleet of over 100 vessels across 10 cruise line brands. It is based in Florida with operations in the UK and in Panama. Since the beginning of November, Carnival has seen a remarkable 50% rise in its share prices. This shouldn’t come as a surprise with positive vaccine news and the coronavirus drug from Regeneron Pharmaceuticals (REGN Stock Report).
Like other cruise-line stocks, Carnival did not have a good third quarter too. Carnival saw an adjusted net loss of $1.7 billion in the last quarter. However, the company reported ending the quarter with $8.2 billion in cash and cash equivalents. News of possible vaccines could provide the Carnival with a key opportunity to further enhance future liquidity as well. The company also reported that its cruise lines Costa and AIDA would be resuming. Likewise, its cumulative advanced bookings for the second half of 2021 have increased despite minimal advertising or marketing.
In addition, Carnival also received good news prior to this from the Centers for Disease Control and Prevention (CDC). The CDC has agreed to allow cruises to operate conditionally. Despite being limited to seven-day cruises, this is a good sign for the cruise industry as a whole. Upon obtaining a conditional sailing permit, the company should be able to organize shorter cruise experiences for the general public. With all in mind, would it be wise for investors to buy CCL stock today?
[Read More] Are These The Best Epicenter Stocks To Buy After Moderna’s Vaccine News? 1 Making Headlines
Cheap Stocks To Buy [Or Avoid] Now: Goldman Sachs
To say Goldman Sachs (GS Stock Report) blew past analyst’s expectations during its third-quarter announcement was a major understatement. This is because net income jumped 94% year over year to $3.5 billion as revenue climbed 30% to $10.8 billion year-over-year. According to analysts, GS stock is trading at a value right now that is too low to ignore. While many may know Goldman Sachs as a top investment bank, the company is also going into consumer banking to diversify its income. It is doing so via its digital bank Marcus.
Revenue in investment banking was $1.97 billion for the third quarter, an increase of 7% year over year. A 60% jump in underwriting revenue contributed to the increase. Global markets saw a 29% jump in revenue to $4.55 billion. Asset management also recorded gains of 71% to $2.77 billion. Even its smallest business, the consumer and wealth management segment, saw a 13% growth to $1.49 billion. Investors might want to take a closer look at GS’s long-term potential in the consumer banking business. That’s because its consumer banking revenue for the quarter rose 50% from a year ago to $326 million.
Despite its astonishing results from the investment banking segment and the compelling potential of its consumer banking business, Goldman last traded at $236.54 per share as of Wednesday’s closing. This is about 5% lower from its 52-weeks high. Since the company has rebounded strongly from its March lows, this also signals that it is more resilient than other banking stocks in the market. Considering this bank stock has lots of potential upsides, would it be a wise move to buy GS stock now?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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4 Names To Watch Top Biotech Stocks To Watch Apart From Pfizer & Moderna Cheap Stocks To Buy [Or Avoid] Now: American Airlines When investors are looking for cheap stocks to buy, airline stocks like American Airlines Group Inc. (AAL Stock Report) usually come to mind. But as we’re on the brink of vaccine distribution, we’ve seen AAL stock move higher this week. AAL stock has gone up nearly 18% in the past 5 trading sessions.
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4 Names To Watch Top Biotech Stocks To Watch Apart From Pfizer & Moderna Cheap Stocks To Buy [Or Avoid] Now: American Airlines When investors are looking for cheap stocks to buy, airline stocks like American Airlines Group Inc. (AAL Stock Report) usually come to mind. But as we’re on the brink of vaccine distribution, we’ve seen AAL stock move higher this week. AAL stock has gone up nearly 18% in the past 5 trading sessions.
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4 Names To Watch Top Biotech Stocks To Watch Apart From Pfizer & Moderna Cheap Stocks To Buy [Or Avoid] Now: American Airlines When investors are looking for cheap stocks to buy, airline stocks like American Airlines Group Inc. (AAL Stock Report) usually come to mind. But as we’re on the brink of vaccine distribution, we’ve seen AAL stock move higher this week. AAL stock has gone up nearly 18% in the past 5 trading sessions.
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4 Names To Watch Top Biotech Stocks To Watch Apart From Pfizer & Moderna Cheap Stocks To Buy [Or Avoid] Now: American Airlines When investors are looking for cheap stocks to buy, airline stocks like American Airlines Group Inc. (AAL Stock Report) usually come to mind. But as we’re on the brink of vaccine distribution, we’ve seen AAL stock move higher this week. AAL stock has gone up nearly 18% in the past 5 trading sessions.
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2020-11-27 00:00:00 UTC
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Pre-Market Most Active for Nov 27, 2020 : PLTR, NIO, FCEL, LI, AAL, TSLA, XPEV, PIC, WORK, FSR, MRNA, TOUR
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-27-2020-%3A-pltr-nio-fcel-li-aal-tsla-xpev-pic-work-fsr-mrna
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The NASDAQ 100 Pre-Market Indicator is up 74.86 to 12,227.08. The total Pre-Market volume is currently 37,306,676 shares traded.
The following are the most active stocks for the pre-market session:
Palantir Technologies Inc. (PLTR) is +2.35 at $31.40, with 4,224,445 shares traded., following a 52-week high recorded in prior regular session.
NIO Inc. (NIO) is +0.74 at $54.43, with 3,037,111 shares traded. NIO's current last sale is 164.94% of the target price of $33.
FuelCell Energy, Inc. (FCEL) is +0.53 at $9.37, with 2,109,109 shares traded. FCEL's current last sale is 416.44% of the target price of $2.25.
Li Auto Inc. (LI) is -0.81 at $39.91, with 1,754,067 shares traded. As reported by Zacks, the current mean recommendation for LI is in the "buy range".
American Airlines Group, Inc. (AAL) is +0.16 at $15.10, with 1,549,677 shares traded. AAL's current last sale is 151% of the target price of $10.
Tesla, Inc. (TSLA) is +9.43 at $583.43, with 1,375,993 shares traded., following a 52-week high recorded in prior regular session.
XPeng Inc. (XPEV) is +1.13 at $65.40, with 1,140,887 shares traded. As reported by Zacks, the current mean recommendation for XPEV is in the "strong buy range".
Pivotal Investment Corporation II (PIC) is +1.91 at $14.45, with 998,334 shares traded.
Slack Technologies, Inc. (WORK) is -0.7 at $40.00, with 931,479 shares traded., following a 52-week high recorded in prior regular session.
Fisker Inc. (FSR) is -0.81 at $20.80, with 861,301 shares traded., following a 52-week high recorded in prior regular session.
Moderna, Inc. (MRNA) is +5.12 at $114.30, with 659,467 shares traded., following a 52-week high recorded in prior regular session.
Tuniu Corporation (TOUR) is +0.42 at $3.95, with 608,912 shares traded., following a 52-week high recorded in prior regular session.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is +0.16 at $15.10, with 1,549,677 shares traded. AAL's current last sale is 151% of the target price of $10. Palantir Technologies Inc. (PLTR) is +2.35 at $31.40, with 4,224,445 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.16 at $15.10, with 1,549,677 shares traded. AAL's current last sale is 151% of the target price of $10. Palantir Technologies Inc. (PLTR) is +2.35 at $31.40, with 4,224,445 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.16 at $15.10, with 1,549,677 shares traded. AAL's current last sale is 151% of the target price of $10. Palantir Technologies Inc. (PLTR) is +2.35 at $31.40, with 4,224,445 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.16 at $15.10, with 1,549,677 shares traded. AAL's current last sale is 151% of the target price of $10. The NASDAQ 100 Pre-Market Indicator is up 74.86 to 12,227.08.
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2020-11-26 00:00:00 UTC
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3 Cheap Stocks to Buy Before the Economy Makes a Full Recovery
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https://www.nasdaq.com/articles/3-cheap-stocks-to-buy-before-the-economy-makes-a-full-recovery-2020-11-26
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Over the past few weeks, AstraZeneca, Pfizer, and Moderna have given us a little bit of hope, reporting that their coronavirus vaccine candidates showed to be effective (although to different degrees) in phase 3 clinical trials. For the first time in a long time, there's a light at the end of the pandemic's tunnel. This time next year, the economy could be close to being back to normal.
Before the economy and struggling stocks completely recover, investors may want to consider buying shares of Merck (NYSE: MRK), JPMorgan Chase (NYSE: JPM), and American Airlines (NASDAQ: AAL), which could be performing a whole lot better a year from now. Here's a look at how these companies have been doing this year and why it might be prudent to scoop up their shares today.
Image source: Getty Images.
1. Merck
Healthcare company Merck has had a tough year, mostly because hospitals are deferring procedures and people aren't making their usual trips to the doctor's office. On Oct. 27, the company reported its third-quarter results for the period ending Sept. 30. Its revenue of $12.6 billion rose a modest 1% year over year. Cancer-fighting drug Keytruda continues to be a bright spot for the company's business, generating $3.7 billion in sales in Q3 and growing at a rate of 21% from the prior-year period. Without Keytruda, the company's operations would be in much worse shape. In its earnings release, Merck reported that the pandemic has negatively affected its pharmaceutical revenue to the tune of about $475 million during the past quarter and $2.1 billion since the start of the year.
For the full year, the New Jersey-based company is expecting revenue to come in between $47.6 billion and $48.6 billion, up at least a couple of percentage points from the $46.8 billion it recorded in 2019. Merck is also expecting its earnings per share (EPS) to fall within a range of $4.55 to $4.65, which is up from $3.84 a year ago.
Shares of Merck are down 12% this year, while the S&P 500's climbed more than 12%. But as the economy continues to recover and hospitals resume their normal operations, Merck's business will get stronger and the stock should rally. Buying it before that happens could allow investors to cash in on some great returns. Merck's stock currently trades at a relatively modest price-to-earnings (P/E) multiple of 18, which is cheap compared to the average stock on the SPDR S&P 500 ETF Trust that investors are currently paying more than 25 times earnings for.
2. JPMorgan
Big banks have been hit hard by the pandemic, and have stockpiled reserves in the anticipation of heightened credit losses due to a struggling economy. JP Morgan released its third-quarter results on Oct. 13. For the period ending Sept. 30, the bank reported that its total reserves for credit losses totaled $33.8 billion across all of its segments. At the end of 2019, its reserves were only $14.3 billion. The bank decreased its reserves by $0.6 billion in Q3, a sign that it may have enough stowed away -- at least for now.
Year to date, provisions for credit losses totaling $19.4 billion have taken a much larger chunk out of the New York-based company's earnings than they did a year ago, when JPMorgan's provisions were just $4.2 billion over the same period. The company's net income of $17 billion so far in 2020 is down nearly 40% from last year.
Shares of JPMorgan are down 13% this year -- and that's after they've rallied in recent weeks on the positive vaccine news. There's still a lot more room for the stock to rally, as an increase in business activity combined with a rosier outlook for the economy will help jump-start this and other bank stocks.
3. American Airlines
Because people are traveling less often now than pre-pandemic, many airlines have had to cut staff in order to keep costs down. On Oct. 22, the Texas-based company, American Airlines, released its latest results for the period ending Sept. 30. It confirmed that it furloughed 19,000 employees as of Oct. 1, and that more than 20,000 are either on long-term leave or chose to retire early. The airline has been finding ways to conserve cash and notes -- in 2020, it's slashed $17 billion from its operating and capital budgets.
Year to date, American's revenue of $13.3 billion is down 61% from 2019, and it has incurred a $6.7 billion loss, which is in sharp contrast to the $1.3 billion profit it reported during the first nine months of last year. One especially important aspect for investors to keep an eye on is cash flow. American tracks average daily cash burn: As of Q3, that figure was $44 million, down from $58 million as of Jun. 30.
The airline estimates that by the end of the fourth quarter, its available liquidity will total over $13 billion. At a daily cash burn rate of $44 million, that would be enough to last nearly 300 days without any additional cash or an improvement in its burn rate. To put it simply, the company is in a good financial position, and investors shouldn't be concerned at this point that it won't be able to survive the pandemic.
American Airlines stock is down nearly 50% this year, and it's trading at a P/E of only three. It could be one of the big comeback stories of next year as the economy recovers.
View this moment as a investing opportunity
These stocks are all struggling this year, and they've all underperformed the S&P 500 by wide margins:
MRK data by YCharts
But I'm optimistic that this picture could look a lot different a year from now. As people are vaccinated and the world starts to turn the corner, you can expect that these businesses' share prices will rise in value, setting up investors who buy these stocks while they're trading at depressed prices for some terrific returns.
10 stocks we like better than Merck & Co.
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Merck & Co. 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 November 20, 2020
David Jagielski has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Before the economy and struggling stocks completely recover, investors may want to consider buying shares of Merck (NYSE: MRK), JPMorgan Chase (NYSE: JPM), and American Airlines (NASDAQ: AAL), which could be performing a whole lot better a year from now. Over the past few weeks, AstraZeneca, Pfizer, and Moderna have given us a little bit of hope, reporting that their coronavirus vaccine candidates showed to be effective (although to different degrees) in phase 3 clinical trials. In its earnings release, Merck reported that the pandemic has negatively affected its pharmaceutical revenue to the tune of about $475 million during the past quarter and $2.1 billion since the start of the year.
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Before the economy and struggling stocks completely recover, investors may want to consider buying shares of Merck (NYSE: MRK), JPMorgan Chase (NYSE: JPM), and American Airlines (NASDAQ: AAL), which could be performing a whole lot better a year from now. For the period ending Sept. 30, the bank reported that its total reserves for credit losses totaled $33.8 billion across all of its segments. Year to date, provisions for credit losses totaling $19.4 billion have taken a much larger chunk out of the New York-based company's earnings than they did a year ago, when JPMorgan's provisions were just $4.2 billion over the same period.
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Before the economy and struggling stocks completely recover, investors may want to consider buying shares of Merck (NYSE: MRK), JPMorgan Chase (NYSE: JPM), and American Airlines (NASDAQ: AAL), which could be performing a whole lot better a year from now. Year to date, provisions for credit losses totaling $19.4 billion have taken a much larger chunk out of the New York-based company's earnings than they did a year ago, when JPMorgan's provisions were just $4.2 billion over the same period. Year to date, American's revenue of $13.3 billion is down 61% from 2019, and it has incurred a $6.7 billion loss, which is in sharp contrast to the $1.3 billion profit it reported during the first nine months of last year.
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Before the economy and struggling stocks completely recover, investors may want to consider buying shares of Merck (NYSE: MRK), JPMorgan Chase (NYSE: JPM), and American Airlines (NASDAQ: AAL), which could be performing a whole lot better a year from now. At the end of 2019, its reserves were only $14.3 billion. American Airlines stock is down nearly 50% this year, and it's trading at a P/E of only three.
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2020-11-25 00:00:00 UTC
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Here’s Why Boeing Stock Looks Like a Good Turnaround Play
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https://www.nasdaq.com/articles/heres-why-boeing-stock-looks-like-a-good-turnaround-play-2020-11-25
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Boeing (NYSE:BA) received good news on Nov. 18 from the Federal Aviation Administration (FAA). And this update has provided a recent jump in Boeing stock.
BA) airplane in a hanger." width="300" height="169">
Source: Alex JW Robinson / Shutterstock.com
Subject to final approval the FAA published an Airworthiness Directive that paves the way for the 737 Max jetliner to return to commercial service. That will be a great boon for Boeing, although it may take some time for BA stock to turn completely around.
Sure, Boeing still has to update its manuals and get final clearance. However, it looks like it can now stand behind this jetliner. In fact, American Airlines (NASDAQ:AAL) will likely be the first airline to start using the 737 MAX as of Dec. 29. They will give air travelers a choice if they want to or not.
More importantly, Boeing has more than 400 MAX planes that it has not been able to deliver. In turn, its recent announcement could lead to the completion of those deliveries and receiving final payments.
Additionally, Boeing stock received a boost on Monday, Nov. 9 with news of a new sale. Los Angeles-based Air Lease Corp (NYSE:AL) announced it had leased new 13 737 MAX 9 jets with Alaska Airlines (NYSE:ALK).
10 Best Stocks to Buy for Investors Under 30
Moreover, once the FAA gives its final approval Boeing can expect that regulators in Europe, Canada and elsewhere will allow sales and deliveries. However, approval from China may take some time. This is important since in 2018, for example, China accounted for $13.8 billion of its $101 billion in revenue.
Financial Effects of a Turnaround on Boeing
As of Sept. 30, Boeing has lost $5.77 billion in what it calls “core earnings” on a non-GAAP basis, during 2020 as well as negative $14.4 billion in operating cash flow. This is on top of losing $3.39 billion during all of last year and a loss of $2.45 billion in cash flow.
Therefore, over the past two years so far it has bled $9.2 billion in core earnings and $16.9 billion negative cash flow. This was going to be unsustainable for BA stock in the long run if it continued.
For example, at the end of the quarter, Boeing had $27.1 billion in cash and securities with which it can fund more cash outflows. In addition, it has racked up $61 billion in debt.
Moreover, sales so far this year have been just $42.8 billion. It is on track to reach maybe $59 billion in revenue this year, and analysts forecast $77 billion next year. So far this year, it has delivered just 98 airplanes.
Back in 2018, Boeing sold 806 airplanes and made more than $101 billion in revenue. Moreover, instead of $15 billion in negative free cash flow this year so far, Boeing generated $13.6 billion in positive free cash flow in 2018.
What To Do With Boeing Stock
Overall, the point is that once demand comes back over several years, Boeing is likely to make positive free cash flow. That will allow it to pay down debt, and possibly eventually restore its dividend.
Once the market can see this light, it will likely quickly readjust Boeing stock and its valuation. And this revaluation may already be starting.
For example, in the past month Boeing stock has risen over 31% alone, as of Nov. 25. Nevertheless, in the past year, it has fallen more than 49%; So there is still plenty of room for the stock to move higher. In turn, a 49% drop implies a massive increase in Boeing stock if it were to rise to its former price a year ago.
Thus, let’s assume that it takes two years for that to happen. For investors in the stock right now that implies a compound annual return of about 34% each year. And I highly suspect that once its cash flow permits the company will likely reinstate the dividend. That could potentially add in another 1.4% each year on average.
Therefore, investors could make an average return of 35% over the next two years. This is based on a potential turnaround in Boeing’s business. And it is a very reasonable ROI for most value investors.
On the date of publication, Mark R. Hake had a long position in American Airlines.
Mark Hake runs the Total Yield Value Guide which you can review here.
The post Here’s Why Boeing Stock Looks Like a Good Turnaround Play appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In fact, American Airlines (NASDAQ:AAL) will likely be the first airline to start using the 737 MAX as of Dec. 29. width="300" height="169"> Source: Alex JW Robinson / Shutterstock.com Subject to final approval the FAA published an Airworthiness Directive that paves the way for the 737 Max jetliner to return to commercial service. 10 Best Stocks to Buy for Investors Under 30 Moreover, once the FAA gives its final approval Boeing can expect that regulators in Europe, Canada and elsewhere will allow sales and deliveries.
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In fact, American Airlines (NASDAQ:AAL) will likely be the first airline to start using the 737 MAX as of Dec. 29. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Boeing (NYSE:BA) received good news on Nov. 18 from the Federal Aviation Administration (FAA). Therefore, over the past two years so far it has bled $9.2 billion in core earnings and $16.9 billion negative cash flow.
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In fact, American Airlines (NASDAQ:AAL) will likely be the first airline to start using the 737 MAX as of Dec. 29. Financial Effects of a Turnaround on Boeing As of Sept. 30, Boeing has lost $5.77 billion in what it calls “core earnings” on a non-GAAP basis, during 2020 as well as negative $14.4 billion in operating cash flow. Moreover, instead of $15 billion in negative free cash flow this year so far, Boeing generated $13.6 billion in positive free cash flow in 2018.
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In fact, American Airlines (NASDAQ:AAL) will likely be the first airline to start using the 737 MAX as of Dec. 29. 10 Best Stocks to Buy for Investors Under 30 Moreover, once the FAA gives its final approval Boeing can expect that regulators in Europe, Canada and elsewhere will allow sales and deliveries. Therefore, over the past two years so far it has bled $9.2 billion in core earnings and $16.9 billion negative cash flow.
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2020-11-25 00:00:00 UTC
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EXCLUSIVE-White House considers lifting European travel restrictions - sources
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https://www.nasdaq.com/articles/exclusive-white-house-considers-lifting-european-travel-restrictions-sources-2020-11-25
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By David Shepardson
WASHINGTON, Nov 25 (Reuters) - The White House is considering rescinding entry bans for most non-U.S. citizens who recently were in Brazil, Britain, Ireland and 26 other European countries, five U.S. and airline officials told Reuters.
The Trump administration imposed the bans in a bid to contain the novel coronavirus pandemic. It is not considering lifting separate entry bans on most non-U.S. citizens who have recently been in China or Iran, the officials said.
The plan has won the backing of White House coronavirus task-force members, public health and other federal agencies, the people briefed on the matter said, but President Donald Trump has not made a final decision and the timing remains uncertain.
The White House, Department of Homeland Security and Centers for Disease Control and Prevention (CDC) did not comment.
Many administration officials argue the restrictions no longer make sense given that most countries around the world are not subject to the entry ban. They contend lifting the restrictions would be a boost to struggling U.S. airlines, which have seen international travel fall by 70%, according to airline industry data.
Trump may still opt not to lift the restrictions, given the high number of coronavirus infections in Europe. One potential hurdle is the fact that European countries are not likely to immediately allow most Americans to resume visits, officials said.
The European countries that are subject to the U.S. entry restrictions include the 26 members of the Schengen area that allow travel across open borders.
The U.S. restrictions barring most visitors from Europe have been in place since mid-March, while the Brazilian entry ban was imposed in May. Trump implemented the first ban on most non-U.S. visitors from China on Jan. 31 and then added Iran in February.
The restrictions bar entry of most non-U.S. residents who have been in those countries in the previous 14 days, but the U.S. State Department has been granting some "national interest exceptions" to allow travelers from Europe related to "humanitarian travel, public health response, and national security."
The United States has also approved exceptions for some European business travelers, investors, academics, students and journalists.
Nearly all of Europe still bans most U.S. travelers from visiting, while Britain and Ireland allow American visits but require two-weeks quarantine upon arrival. Brazil allows U.S. travelers.
On Saturday, the CDC issued new travel and testing recommendations for international air travelers recommending they "get tested with a viral test 1-3 days before their flight to reduce spread during travel. Travelers should get tested 3-5 days after travel and stay home for 7 days."
Airlines for America, a group representing American Airlines AAL.O, Delta Air Lines DAL.N, United Airlines Holdings UAL.O and others, on Tuesday noted it has "been advocating for the federal government to set a national standard on testing in order to lift travel restrictions."
In a statement to Reuters, the group called the CDC guidance a step in the right direction, adding that they hoped it would be "followed by a recognition that testing can be used to safely reopen borders without quarantines."
Some airlines and officials think testing could be the key to widely resuming international travel. The United States has held talks with several countries about the possibility of passenger testing programs between pairs of major cities.
Asked about the prospects of travel restrictions being lifted, a U.S. Transportation Department spokesman said "the department stands ready to support the safe resumption of international flights to and from the U.S."
"Conversations are ongoing between the federal government, international partners, and industry stakeholders on these matters."
In September, the CDC ended enhanced screening of some international passengers for the coronavirus and dropped requirements that travelers coming from those countries arrive at 15 designated U.S. airports that had been imposed at the start of the beginning of the outbreak.
(Reporting by David Shepardson Editing by Robert Birsel)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Airlines for America, a group representing American Airlines AAL.O, Delta Air Lines DAL.N, United Airlines Holdings UAL.O and others, on Tuesday noted it has "been advocating for the federal government to set a national standard on testing in order to lift travel restrictions." The plan has won the backing of White House coronavirus task-force members, public health and other federal agencies, the people briefed on the matter said, but President Donald Trump has not made a final decision and the timing remains uncertain. In a statement to Reuters, the group called the CDC guidance a step in the right direction, adding that they hoped it would be "followed by a recognition that testing can be used to safely reopen borders without quarantines."
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Airlines for America, a group representing American Airlines AAL.O, Delta Air Lines DAL.N, United Airlines Holdings UAL.O and others, on Tuesday noted it has "been advocating for the federal government to set a national standard on testing in order to lift travel restrictions." By David Shepardson WASHINGTON, Nov 25 (Reuters) - The White House is considering rescinding entry bans for most non-U.S. citizens who recently were in Brazil, Britain, Ireland and 26 other European countries, five U.S. and airline officials told Reuters. Nearly all of Europe still bans most U.S. travelers from visiting, while Britain and Ireland allow American visits but require two-weeks quarantine upon arrival.
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Airlines for America, a group representing American Airlines AAL.O, Delta Air Lines DAL.N, United Airlines Holdings UAL.O and others, on Tuesday noted it has "been advocating for the federal government to set a national standard on testing in order to lift travel restrictions." The restrictions bar entry of most non-U.S. residents who have been in those countries in the previous 14 days, but the U.S. State Department has been granting some "national interest exceptions" to allow travelers from Europe related to "humanitarian travel, public health response, and national security." On Saturday, the CDC issued new travel and testing recommendations for international air travelers recommending they "get tested with a viral test 1-3 days before their flight to reduce spread during travel.
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Airlines for America, a group representing American Airlines AAL.O, Delta Air Lines DAL.N, United Airlines Holdings UAL.O and others, on Tuesday noted it has "been advocating for the federal government to set a national standard on testing in order to lift travel restrictions." By David Shepardson WASHINGTON, Nov 25 (Reuters) - The White House is considering rescinding entry bans for most non-U.S. citizens who recently were in Brazil, Britain, Ireland and 26 other European countries, five U.S. and airline officials told Reuters. The Trump administration imposed the bans in a bid to contain the novel coronavirus pandemic.
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3005c9f2-f2fb-4a64-b14b-11d3ca3fc103
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4985.0
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2020-11-25 00:00:00 UTC
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Miners say COVID-19 has accelerated move to digital, automation
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AAL
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https://www.nasdaq.com/articles/miners-say-covid-19-has-accelerated-move-to-digital-automation-2020-11-25
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nan
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nan
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MELBOURNE, Nov 25 (Reuters) - The coronavirus lockdown is hastening digitalisation and automation in the mining industry, major firms and their partners said this week, helping to get more work done at remote mines, even if operators are far away.
That trend will drive down costs quicker, leading to smaller, cleaner mines where more can be done with fewer people, industry officials said at the Imarc mining conference in the southeastern Australian city of Melbourne.
"The pandemic has forced us to think about how we can do more of the work that had to happen on site, remotely... (and) how we do those tasks with less people," said Suresh Vadnagra, chief technology officer at Newcrest NCM.AX, one of the world's largest gold-mining firms.
Digital twinning and better use of big data was also winning adherents, he added.
Australia's Big Three iron ore miners already have "digital twins", or big city control centres to let them manage parts of their operations from hundreds of kilometres away, but such sites are becoming more common.
Blasting the ground to collect ore offers an example of how big data is being used to make operations more efficient.
Manually drilled blast holes can have small differences in relation to their location on a plan, as well as to each other, which can sometimes mean a blast sequence is not efficient.
Now a detonator put in the bottom of a blast hole can function as a sensor that can provide information such as moisture content and signal its position relative to the rest.
"All this data allows the possibility to utilise Artificial Intelligence (AI) for modelling and designing blast timing," said Dirk van Soelen, a vice president at explosives maker Dyno Nobel.
Efficiencies of this kind, combined with new technology, will help diversified miner Anglo American AAL.L carve out another 10% to 20% of costs in the next three to five years, said Chief Executive Mark Cutifani.
"In using automation and industrial processes, we have changed mining methods," he said. "Anglo is using bulk ore sorting and it plans to roll that through our sites in the next few years."
Improved methods of sorting ore grades at its copper mines are helping Anglo cut its energy intensity, he added.
Big data now allows energy use and carbon emissions to be tracked and integrated with a mine's maintenance and operations, said Bas Mutsaers, global strategy tech and marketing lead at Schneider Electric SCHN.PA.
"We can use this data to confirm our understanding of the processes at the site, to see correlations," he said, which could help miners forecast when to consume, produce, store or sell energy on solar farms, for example.
"AI is allowing us to do this at ever higher levels of complexity and speed."
(Reporting by Melanie Burton; Editing by Clarence Fernandez)
((melanie.burton@thomsonreuters.com Twitter: @MelanieMetals; +613 9286 1421; Reuters Messaging: melanie.burton.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Efficiencies of this kind, combined with new technology, will help diversified miner Anglo American AAL.L carve out another 10% to 20% of costs in the next three to five years, said Chief Executive Mark Cutifani. "The pandemic has forced us to think about how we can do more of the work that had to happen on site, remotely... (and) how we do those tasks with less people," said Suresh Vadnagra, chief technology officer at Newcrest NCM.AX, one of the world's largest gold-mining firms. "All this data allows the possibility to utilise Artificial Intelligence (AI) for modelling and designing blast timing," said Dirk van Soelen, a vice president at explosives maker Dyno Nobel.
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Efficiencies of this kind, combined with new technology, will help diversified miner Anglo American AAL.L carve out another 10% to 20% of costs in the next three to five years, said Chief Executive Mark Cutifani. Australia's Big Three iron ore miners already have "digital twins", or big city control centres to let them manage parts of their operations from hundreds of kilometres away, but such sites are becoming more common. "In using automation and industrial processes, we have changed mining methods," he said.
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Efficiencies of this kind, combined with new technology, will help diversified miner Anglo American AAL.L carve out another 10% to 20% of costs in the next three to five years, said Chief Executive Mark Cutifani. MELBOURNE, Nov 25 (Reuters) - The coronavirus lockdown is hastening digitalisation and automation in the mining industry, major firms and their partners said this week, helping to get more work done at remote mines, even if operators are far away. Australia's Big Three iron ore miners already have "digital twins", or big city control centres to let them manage parts of their operations from hundreds of kilometres away, but such sites are becoming more common.
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Efficiencies of this kind, combined with new technology, will help diversified miner Anglo American AAL.L carve out another 10% to 20% of costs in the next three to five years, said Chief Executive Mark Cutifani. MELBOURNE, Nov 25 (Reuters) - The coronavirus lockdown is hastening digitalisation and automation in the mining industry, major firms and their partners said this week, helping to get more work done at remote mines, even if operators are far away. Digital twinning and better use of big data was also winning adherents, he added.
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3cb95396-5398-47a9-949e-97234735816e
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4986.0
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2020-11-24 00:00:00 UTC
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Colombia coal miner Cerrejon, union to hold technical talks on proposed work schedule
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AAL
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https://www.nasdaq.com/articles/colombia-coal-miner-cerrejon-union-to-hold-technical-talks-on-proposed-work-schedule-2020
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nan
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nan
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BOGOTA, Nov 24 (Reuters) - Colombian coal miner Cerrejon and its largest workers union will hold technical talks about a controversial proposed work schedule, the company said on Tuesday, so contract talks can move on to other issues behind a more than 80-day strike.
The strike began on Aug. 31 after Cerrejon and union Sintracarbon were unable to reach agreements over pay rises, as well as health, education and living benefits for workers.
Cerrejon, which is owned equally by mining heavyweights BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, decided to implement a new shift but has not provided details. Sintracarbon has labeled it "the shift of death," and the topic has become the main sticking point in negotiations.
The agreement followed intervention from an arbitration tribunal convened by the Labor Ministry. Cerrejon requested arbitration to help solve the dispute earlier this month.
The technical talks about the new shift will run for 30 days following the end of the strike and will address health and safety issues, as well as problems such as sleep and fatigue - associated with the new shift, Cerrejon said.
Cerrejon said the new shift is needed to guarantee the viability of its operation amid low coal prices and falling demand.
Sintracarbon argues the shift will increase the length of the working day, impact workers' health and cut 1,250 jobs, although Cerrejon says only 700 jobs will be lost.
"This agreement doesn't lift the strike, since about 40% of demands still need to be discussed," Sintracarbon said in a statement.
Outcomes from the discussions will not affect Cerrejon's implementation of the new shift, nor the union's position on the matter, according to the agreement, the company added.
Negotiators for Cerrejon and Sintracarbon will meet again on Wednesday to discuss remaining sticking points, the company said.
(Reporting by Oliver Griffin and Luis Jaime Acosta; Editing by Cynthia Osterman)
((Oliver.Griffin@thomsonreuters.com; +57 304-583-8931;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cerrejon, which is owned equally by mining heavyweights BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, decided to implement a new shift but has not provided details. The strike began on Aug. 31 after Cerrejon and union Sintracarbon were unable to reach agreements over pay rises, as well as health, education and living benefits for workers. Outcomes from the discussions will not affect Cerrejon's implementation of the new shift, nor the union's position on the matter, according to the agreement, the company added.
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Cerrejon, which is owned equally by mining heavyweights BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, decided to implement a new shift but has not provided details. BOGOTA, Nov 24 (Reuters) - Colombian coal miner Cerrejon and its largest workers union will hold technical talks about a controversial proposed work schedule, the company said on Tuesday, so contract talks can move on to other issues behind a more than 80-day strike. Sintracarbon argues the shift will increase the length of the working day, impact workers' health and cut 1,250 jobs, although Cerrejon says only 700 jobs will be lost.
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Cerrejon, which is owned equally by mining heavyweights BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, decided to implement a new shift but has not provided details. BOGOTA, Nov 24 (Reuters) - Colombian coal miner Cerrejon and its largest workers union will hold technical talks about a controversial proposed work schedule, the company said on Tuesday, so contract talks can move on to other issues behind a more than 80-day strike. The technical talks about the new shift will run for 30 days following the end of the strike and will address health and safety issues, as well as problems such as sleep and fatigue - associated with the new shift, Cerrejon said.
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Cerrejon, which is owned equally by mining heavyweights BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, decided to implement a new shift but has not provided details. The technical talks about the new shift will run for 30 days following the end of the strike and will address health and safety issues, as well as problems such as sleep and fatigue - associated with the new shift, Cerrejon said. "This agreement doesn't lift the strike, since about 40% of demands still need to be discussed," Sintracarbon said in a statement.
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e78fd85b-2036-4d8c-95c4-334cc3b76ed3
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4987.0
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2020-11-24 00:00:00 UTC
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Why Airline Shares Are Up Today
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AAL
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https://www.nasdaq.com/articles/why-airline-shares-are-up-today-2020-11-24
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nan
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nan
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What happened
The vaccine-inspired rally in airline stocks continued on Tuesday, with industry shares soaring on talk the first COVID-19 vaccine will soon be deployed.
American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) traded up as much as 10% on the day, while shares of Spirit Airlines (NYSE: SAVE) climbed more than 8%, and Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and JetBlue Airways (NASDAQ: JBLU) were each up more than 5% apiece during the trading day.
So what
The airlines have been hit hard by the pandemic, but the stocks have been pushing higher so far in November on a steady flow of positive news concerning the development of a vaccine. Markets were up on Tuesday on word that Pfizer and BioNTech intend to file for an Emergency Use Authorization for their vaccine, meaning some high-risk individuals could be vaccinated as early as December.
Image source: Getty Images.
Airline revenue is unlikely to bounce back as soon as a vaccine becomes widespread, but it's hard to make a case that the industry can recover until there is progress on a vaccine. So although it is too early to say airlines are out of danger, there is at least finally a light at the end of the tunnel.
Airlines also likely were bid up on some signs out of Washington that the postelection transition will soon begin. The industry is still hoping to get a second round of financial relief from lawmakers, but that's not going to happen until things begin to normalize in Washington.
Now what
These airline stocks are now all up between 22% and 34% this month, but they are all still down for the year. Investors are right to be excited about what the vaccine development means for the industry, but they need to be careful not to get ahead of themselves.
Airline data by YCharts
The existential threat to the airlines is beginning to lift, but the path ahead is still full of turbulence. Southwest and Spirit have begun to go on the offensive ahead of an eventual recovery, but even Southwest is warning that business travelers could need a decade before they return at prepandemic levels.
For the airlines, the best-case scenario at this point is a gradual recovery heading into next summer, and then a surge in demand from vacation travelers as a vaccine becomes more readily available. We're on course for that outcome, but even so it will take the airlines years to rebuild their balance sheets and hit cruising altitude again.
Investors need to be selective here and understand they could be in for a long wait. For those interested in making an airline stock part of a well-diversified portfolio, I'd advise sticking to the best-run carriers, including Southwest and Delta, or an airline like Spirit that is set up well to take advantage of a tourism-fueled, and price-sensitive, recovery.
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Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of Spirit Airlines. The Motley Fool recommends Delta Air Lines, JetBlue Airways, and Southwest Airlines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) traded up as much as 10% on the day, while shares of Spirit Airlines (NYSE: SAVE) climbed more than 8%, and Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and JetBlue Airways (NASDAQ: JBLU) were each up more than 5% apiece during the trading day. What happened The vaccine-inspired rally in airline stocks continued on Tuesday, with industry shares soaring on talk the first COVID-19 vaccine will soon be deployed. So what The airlines have been hit hard by the pandemic, but the stocks have been pushing higher so far in November on a steady flow of positive news concerning the development of a vaccine.
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American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) traded up as much as 10% on the day, while shares of Spirit Airlines (NYSE: SAVE) climbed more than 8%, and Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and JetBlue Airways (NASDAQ: JBLU) were each up more than 5% apiece during the trading day. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool recommends Delta Air Lines, JetBlue Airways, and Southwest Airlines.
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American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) traded up as much as 10% on the day, while shares of Spirit Airlines (NYSE: SAVE) climbed more than 8%, and Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and JetBlue Airways (NASDAQ: JBLU) were each up more than 5% apiece during the trading day. For those interested in making an airline stock part of a well-diversified portfolio, I'd advise sticking to the best-run carriers, including Southwest and Delta, or an airline like Spirit that is set up well to take advantage of a tourism-fueled, and price-sensitive, recovery. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines.
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American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL) traded up as much as 10% on the day, while shares of Spirit Airlines (NYSE: SAVE) climbed more than 8%, and Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and JetBlue Airways (NASDAQ: JBLU) were each up more than 5% apiece during the trading day. Investors are right to be excited about what the vaccine development means for the industry, but they need to be careful not to get ahead of themselves. Southwest and Spirit have begun to go on the offensive ahead of an eventual recovery, but even Southwest is warning that business travelers could need a decade before they return at prepandemic levels.
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d181486b-b7f2-4de3-be3b-851375b2b947
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4988.0
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2020-11-24 00:00:00 UTC
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Pre-Market Most Active for Nov 24, 2020 : ACB, NIO, FCEL, XPEV, LI, AAL, TLRY, SPI, CCL, PLTR, RIG, TSLA
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-24-2020-%3A-acb-nio-fcel-xpev-li-aal-tlry-spi-ccl-pltr-rig
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 50.7 to 11,956.64. The total Pre-Market volume is currently 127,421,058 shares traded.
The following are the most active stocks for the pre-market session:
Aurora Cannabis Inc. (ACB) is +2.09 at $9.27, with 7,816,424 shares traded. ACB's current last sale is 103% of the target price of $9.
NIO Inc. (NIO) is +2.78 at $58.16, with 6,700,115 shares traded., following a 52-week high recorded in prior regular session.
FuelCell Energy, Inc. (FCEL) is +0.96 at $9.51, with 6,058,857 shares traded., following a 52-week high recorded in prior regular session.
XPeng Inc. (XPEV) is +4.13 at $76.30, with 3,903,880 shares traded., following a 52-week high recorded in prior regular session.
Li Auto Inc. (LI) is +5.22 at $48.86, with 3,498,144 shares traded., following a 52-week high recorded in prior regular session.
American Airlines Group, Inc. (AAL) is +0.8 at $14.36, with 3,354,287 shares traded. AAL's current last sale is 143.6% of the target price of $10.
Tilray, Inc. (TLRY) is +1.22 at $7.90, with 3,255,406 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $-0.14. TLRY's current last sale is 85.41% of the target price of $9.25.
SPI Energy Co., Ltd. (SPI) is +5.88 at $16.60, with 2,043,740 shares traded.
Carnival Corporation (CCL) is +1.25 at $19.43, with 1,887,638 shares traded. CCL's current last sale is 129.53% of the target price of $15.
Palantir Technologies Inc. (PLTR) is +1.2601 at $22.30, with 1,767,930 shares traded., following a 52-week high recorded in prior regular session.
Transocean Ltd. (RIG) is +0.37 at $2.17, with 1,535,198 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2020. The consensus EPS forecast is $-0.16. RIG's current last sale is 173.6% of the target price of $1.25.
Tesla, Inc. (TSLA) is +25.37 at $547.22, with 1,368,089 shares traded., following a 52-week high recorded in prior regular session.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is +0.8 at $14.36, with 3,354,287 shares traded. AAL's current last sale is 143.6% of the target price of $10. FuelCell Energy, Inc. (FCEL) is +0.96 at $9.51, with 6,058,857 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.8 at $14.36, with 3,354,287 shares traded. AAL's current last sale is 143.6% of the target price of $10. NIO Inc. (NIO) is +2.78 at $58.16, with 6,700,115 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.8 at $14.36, with 3,354,287 shares traded. AAL's current last sale is 143.6% of the target price of $10. NIO Inc. (NIO) is +2.78 at $58.16, with 6,700,115 shares traded., following a 52-week high recorded in prior regular session.
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AAL's current last sale is 143.6% of the target price of $10. American Airlines Group, Inc. (AAL) is +0.8 at $14.36, with 3,354,287 shares traded. The NASDAQ 100 Pre-Market Indicator is up 50.7 to 11,956.64.
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3880c87a-2441-4b35-a62f-3459a7149123
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4989.0
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2020-11-24 00:00:00 UTC
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Will The Rally Continue In Alaska Air?
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AAL
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https://www.nasdaq.com/articles/will-the-rally-continue-in-alaska-air-2020-11-24
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nan
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nan
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Alaska Airlines stock (NYSE: ALK) has observed a 25% jump since the beginning of the month on hopes of a successful vaccine by early next year. As the company observed only $637 million of operating cash outflow for the first nine months, the $3 billion drop in the stock’s market capitalization looks unwarranted given the positive results released by Pfizer and expectations of an early macroeconomic rebound. Thus, we believe that the stock has more room for growth and we compare Alaska Airlines’ stock performance during the current crisis with that during the 2008 recession.
2020 Coronavirus Crisis
Timeline of 2020 Crisis So Far:
12/12/2019: Coronavirus cases first reported in China
1/31/2020: WHO declares a global health emergency.
2/19/2020: Signs of effective containment in China and hopes of monetary easing by major central banks helps S&P 500 reach a record high
3/23/2020: S&P 500 drops 34% from the peak level seen on Feb 19, as Covid-19 cases accelerate outside China. Doesn’t help that oil prices crash in mid-March amid Saudi-led price war
From 3/24/2020: S&P 500 recovers 60% from the lows seen on Mar 23, as the Fed’s multi-billion dollar stimulus package suppresses near-term survival anxiety and infuses liquidity into the system.
In contrast, here’s how ALK and the broader market performed during the 2007/2008 crisis.
Timeline of 2007-08 Crisis
10/1/2007: Approximate pre-crisis peak in S&P 500 index
9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08)
3/1/2009: Approximate bottoming out of S&P 500 index
1/1/2010: Initial recovery to levels before accelerated decline (around 9/1/2008)
Alaska Airlines vs S&P 500 Performance Over 2007-08 Financial Crisis
ALK stock declined from levels of around $6 in October 2007 (pre-crisis peak) to levels of around $5.50 in March 2009 (as the markets bottomed out). However, the stock gained significantly post-2008 crisis to levels of about $8.50 in early 2010 – rising by 58% between March 2009 and January 2010. In comparison, the S&P 500 Index first fell 51% in the wake of the recession before recovering 48% by January 2010.
Alaska Airlines’ Fundamentals in Recent Years Look Stable
Alaska Airlines’ Revenues grew by 11% from $7.9 billion in 2017 to $8.8 billion in 2019, supported by capacity growth and ticket prices. However, the company’s margins deteriorated due to higher fuel expenses and administrative costs. Thus, the EPS decreased by 20% from $7.79 in 2017 to $6.24 in 2019. In Q3 2020, the company’s revenues fell by 71% (y-o-y) as the capacity (ASMs) dropped by 55% and the passenger load factor plummeted to 48.5%.
Does Alaska Airlines Have A Sufficient Cash Cushion To Meet Its Obligations Through The Coronavirus Crisis?
Alaska Airlines’ total debt increased from $2.5 billion in 2017 to $3.8 billion at the end of Q3 2020, while its total cash also surged from $1.6 billion to $3.7 billion over the same period. Considering a daily cash burn rate of $4 million, the company is in a good position to weather the crisis for more than a year.
CONCLUSION
Phases of Covid-19 crisis:
Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally
Late-March 2020 onward: Social distancing measures + lockdowns
April 2020: Fed stimulus suppresses near-term survival anxiety
May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases
July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment
Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in Alaska Airlines’ stock.
What if you’re looking for a more balanced portfolio instead? Here’s a high quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
See all Trefis Price Estimates and Download Trefis Data here
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alaska Airlines stock (NYSE: ALK) has observed a 25% jump since the beginning of the month on hopes of a successful vaccine by early next year. As the company observed only $637 million of operating cash outflow for the first nine months, the $3 billion drop in the stock’s market capitalization looks unwarranted given the positive results released by Pfizer and expectations of an early macroeconomic rebound. Phases of Covid-19 crisis: Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in Alaska Airlines’ stock.
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Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 1/1/2010: Initial recovery to levels before accelerated decline (around 9/1/2008) Alaska Airlines vs S&P 500 Performance Over 2007-08 Financial Crisis ALK stock declined from levels of around $6 in October 2007 (pre-crisis peak) to levels of around $5.50 in March 2009 (as the markets bottomed out). Alaska Airlines’ Fundamentals in Recent Years Look Stable Alaska Airlines’ Revenues grew by 11% from $7.9 billion in 2017 to $8.8 billion in 2019, supported by capacity growth and ticket prices. Phases of Covid-19 crisis: Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in Alaska Airlines’ stock.
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Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 1/1/2010: Initial recovery to levels before accelerated decline (around 9/1/2008) Alaska Airlines vs S&P 500 Performance Over 2007-08 Financial Crisis ALK stock declined from levels of around $6 in October 2007 (pre-crisis peak) to levels of around $5.50 in March 2009 (as the markets bottomed out). Alaska Airlines’ Fundamentals in Recent Years Look Stable Alaska Airlines’ Revenues grew by 11% from $7.9 billion in 2017 to $8.8 billion in 2019, supported by capacity growth and ticket prices. Phases of Covid-19 crisis: Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in Alaska Airlines’ stock.
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Alaska Airlines stock (NYSE: ALK) has observed a 25% jump since the beginning of the month on hopes of a successful vaccine by early next year. 2020 Coronavirus Crisis Timeline of 2020 Crisis So Far: 12/12/2019: Coronavirus cases first reported in China 1/31/2020: WHO declares a global health emergency. Alaska Airlines’ Fundamentals in Recent Years Look Stable Alaska Airlines’ Revenues grew by 11% from $7.9 billion in 2017 to $8.8 billion in 2019, supported by capacity growth and ticket prices.
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ca6e38a1-c2e3-42e4-8552-09976fddb868
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4990.0
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2020-11-23 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Ideanomics, DPW, Ashford Hospitality, SmileDirectClub
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-ideanomics-dpw-ashford-hospitality-smiledirectclub-2020-11-23
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes jumped on Monday as data showed U.S. business activity in November expanded at its fastest rate in more than five years, an indication that the economy was making progress at clambering out of a pandemic-driven recession..N
At 10:06 am ET, the Dow Jones Industrial Average .DJI was up 0.91% at 29,530.8. The S&P 500 .SPX was up 0.86% at 3,587.97 and the Nasdaq Composite .IXIC was up 0.49% at 11,913.193. The top three S&P 500 .PG.INX percentage gainers: ** Occidental Petroleum Corp , up 7.6% ** Gap Inc , up 6.2% ** Valero Energy Corp , up 6% The top three S&P 500 .PL.INX percentage losers: ** Catalent Inc , down 3.2% ** Newmont Corporation , down 2.8% ** Kellogg Co , down 1.8% The top three NYSE .PG.N percentage gainers: ** DPW Holdings Inc , up 42.7% ** Renren Inc , up 23.8% ** Switchback Energy Acquisition Corp , up 22.7% The top three NYSE .PL.N percentage losers: ** Ashford Hospitality Trust Inc , down 20.4% ** Legacy Acquisition Corp , down 13.5% ** Montrose Environmental Group Inc , down 13% The top Nasdaq .PG.O percentage gainers: ** Ideanomics Inc , up 70.9 % ** Kaixin Auto Holdings , up 61.4 % The top three Nasdaq .PL.O percentage losers: ** Bellerophon Therapeutics Inc , down 21.6 % ** Niu Technologies , down 13 % ** BioLine RX Ltd , down 10.2 % ** Tesla Inc TSLA.O: up 6.6%
BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Baozun Inc BZUN.O: down 1.2%
BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.2%
BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 2.9%
BUZZ-Gains after Needham raises PT on advertising strength ** Southwest Airlines Co LUV.N: up 0.8% ** Alaska Air Group Inc ALK.N: up 1.7% ** United Airlines Holdings Inc UAL.O: up 2.2% ** Delta Air Lines Inc DAL.N: up 1.9% ** American Airlines Group Inc AAL.O: up 3.0% ** Spirit Airlines Inc SAVE.N: up 2.7% ** Royal Caribbean Cruises Ltd RCL.N: up 2.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 1.8% ** Carnival Corp CCL.N: up 2.8%
BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 6.2%
BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 2.3% ** JPMorgan Chase & Co JPM.N: up 1.7% ** Morgan Stanley MS.N: up 3.2% ** Bank of America Corp BAC.N: up 1.8% ** Wells Fargo & Co WFC.N: up 2.6% ** Citigroup Inc C.N: up 1.8%
BUZZ-U.S. big banks rise on 'vaccine for the world' data ** Altice USA Inc ATUS.N: up 9.1%
BUZZ-Jumps on $2.5 bln buyback ** FuboTV Inc FUBO.N: up 9.4%
BUZZ-Rises after brokerage raises PT on connected TV upside ** Apex Technology Acquisition Corp APXT.O: up 3%
BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 2.2%
BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 13.0%
BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 70.9%
BUZZ-Raises stake in e-tractor developer, shares soar ** China Online Education Group COE.N: up 2.4%
BUZZ-Rises on Q3 results beat ** Daqo New Energy Corp DQ.N: down 5.6%
BUZZ-Drops after Q3 profit miss ** Cytokinetics Inc CYTK.O: down 2.7%
BUZZ-Falls as Amgen ends pact over heart drugs development ** Kemper Corp KMPR.N: up 1.5%
BUZZ-To buy American Access Casualty in $370 mln deal ** SmileDirectClub Inc SDC.O: up 10.8%
BUZZ-Rises on partnership with MetLife ** ARCA Biopharma Inc ABIO.O: up 3.9%
BUZZ-Rises on FDA's 'fast-track' tag for COVID-19 treatment
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 0.02%
Consumer Discretionary
.SPLRCD
up 0.75%
Consumer Staples
.SPLRCS
up 0.22%
Energy
.SPNY
up 3.49%
Financial
.SPSY
up 1.51%
Health
.SPXHC
up 0.09%
Industrial
.SPLRCI
up 1.39%
Information Technology
.SPLRCT
up 0.63%
Materials
.SPLRCM
up 1.20%
Real Estate
.SPLRCR
up 0.36%
Utilities
.SPLRCU
up 0.24%
(Compiled by Amruta Khandekar)
((Amruta.Khandekar@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Occidental Petroleum Corp , up 7.6% ** Gap Inc , up 6.2% ** Valero Energy Corp , up 6% The top three S&P 500 .PL.INX percentage losers: ** Catalent Inc , down 3.2% ** Newmont Corporation , down 2.8% ** Kellogg Co , down 1.8% The top three NYSE .PG.N percentage gainers: ** DPW Holdings Inc , up 42.7% ** Renren Inc , up 23.8% ** Switchback Energy Acquisition Corp , up 22.7% The top three NYSE .PL.N percentage losers: ** Ashford Hospitality Trust Inc , down 20.4% ** Legacy Acquisition Corp , down 13.5% ** Montrose Environmental Group Inc , down 13% The top Nasdaq .PG.O percentage gainers: ** Ideanomics Inc , up 70.9 % ** Kaixin Auto Holdings , up 61.4 % The top three Nasdaq .PL.O percentage losers: ** Bellerophon Therapeutics Inc , down 21.6 % ** Niu Technologies , down 13 % ** BioLine RX Ltd , down 10.2 % ** Tesla Inc TSLA.O: up 6.6% BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Baozun Inc BZUN.O: down 1.2% BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.2% BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 2.9% BUZZ-Gains after Needham raises PT on advertising strength ** Southwest Airlines Co LUV.N: up 0.8% ** Alaska Air Group Inc ALK.N: up 1.7% ** United Airlines Holdings Inc UAL.O: up 2.2% ** Delta Air Lines Inc DAL.N: up 1.9% ** American Airlines Group Inc AAL.O: up 3.0% ** Spirit Airlines Inc SAVE.N: up 2.7% ** Royal Caribbean Cruises Ltd RCL.N: up 2.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 1.8% ** Carnival Corp CCL.N: up 2.8% BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 6.2% BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 2.3% ** JPMorgan Chase & Co JPM.N: up 1.7% ** Morgan Stanley MS.N: up 3.2% ** Bank of America Corp BAC.N: up 1.8% ** Wells Fargo & Co WFC.N: up 2.6% ** Citigroup Inc C.N: up 1.8% BUZZ-U.S. big banks rise on 'vaccine for the world' data ** Altice USA Inc ATUS.N: up 9.1% BUZZ-Jumps on $2.5 bln buyback ** FuboTV Inc FUBO.N: up 9.4% BUZZ-Rises after brokerage raises PT on connected TV upside ** Apex Technology Acquisition Corp APXT.O: up 3% BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 2.2% BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 13.0% BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 70.9% BUZZ-Raises stake in e-tractor developer, shares soar ** China Online Education Group COE.N: up 2.4% BUZZ-Rises on Q3 results beat ** Daqo New Energy Corp DQ.N: down 5.6% BUZZ-Drops after Q3 profit miss ** Cytokinetics Inc CYTK.O: down 2.7% BUZZ-Falls as Amgen ends pact over heart drugs development ** Kemper Corp KMPR.N: up 1.5% BUZZ-To buy American Access Casualty in $370 mln deal ** SmileDirectClub Inc SDC.O: up 10.8% BUZZ-Rises on partnership with MetLife ** ARCA Biopharma Inc ABIO.O: up 3.9% BUZZ-Rises on FDA's 'fast-track' tag for COVID-19 treatment The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes jumped on Monday as data showed U.S. business activity in November expanded at its fastest rate in more than five years, an indication that the economy was making progress at clambering out of a pandemic-driven recession..N At 10:06 am ET, the Dow Jones Industrial Average .DJI was up 0.91% at 29,530.8. up 0.24% (Compiled by Amruta Khandekar) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Occidental Petroleum Corp , up 7.6% ** Gap Inc , up 6.2% ** Valero Energy Corp , up 6% The top three S&P 500 .PL.INX percentage losers: ** Catalent Inc , down 3.2% ** Newmont Corporation , down 2.8% ** Kellogg Co , down 1.8% The top three NYSE .PG.N percentage gainers: ** DPW Holdings Inc , up 42.7% ** Renren Inc , up 23.8% ** Switchback Energy Acquisition Corp , up 22.7% The top three NYSE .PL.N percentage losers: ** Ashford Hospitality Trust Inc , down 20.4% ** Legacy Acquisition Corp , down 13.5% ** Montrose Environmental Group Inc , down 13% The top Nasdaq .PG.O percentage gainers: ** Ideanomics Inc , up 70.9 % ** Kaixin Auto Holdings , up 61.4 % The top three Nasdaq .PL.O percentage losers: ** Bellerophon Therapeutics Inc , down 21.6 % ** Niu Technologies , down 13 % ** BioLine RX Ltd , down 10.2 % ** Tesla Inc TSLA.O: up 6.6% BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Baozun Inc BZUN.O: down 1.2% BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.2% BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 2.9% BUZZ-Gains after Needham raises PT on advertising strength ** Southwest Airlines Co LUV.N: up 0.8% ** Alaska Air Group Inc ALK.N: up 1.7% ** United Airlines Holdings Inc UAL.O: up 2.2% ** Delta Air Lines Inc DAL.N: up 1.9% ** American Airlines Group Inc AAL.O: up 3.0% ** Spirit Airlines Inc SAVE.N: up 2.7% ** Royal Caribbean Cruises Ltd RCL.N: up 2.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 1.8% ** Carnival Corp CCL.N: up 2.8% BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 6.2% BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 2.3% ** JPMorgan Chase & Co JPM.N: up 1.7% ** Morgan Stanley MS.N: up 3.2% ** Bank of America Corp BAC.N: up 1.8% ** Wells Fargo & Co WFC.N: up 2.6% ** Citigroup Inc C.N: up 1.8% BUZZ-U.S. big banks rise on 'vaccine for the world' data ** Altice USA Inc ATUS.N: up 9.1% BUZZ-Jumps on $2.5 bln buyback ** FuboTV Inc FUBO.N: up 9.4% BUZZ-Rises after brokerage raises PT on connected TV upside ** Apex Technology Acquisition Corp APXT.O: up 3% BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 2.2% BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 13.0% BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 70.9% BUZZ-Raises stake in e-tractor developer, shares soar ** China Online Education Group COE.N: up 2.4% BUZZ-Rises on Q3 results beat ** Daqo New Energy Corp DQ.N: down 5.6% BUZZ-Drops after Q3 profit miss ** Cytokinetics Inc CYTK.O: down 2.7% BUZZ-Falls as Amgen ends pact over heart drugs development ** Kemper Corp KMPR.N: up 1.5% BUZZ-To buy American Access Casualty in $370 mln deal ** SmileDirectClub Inc SDC.O: up 10.8% BUZZ-Rises on partnership with MetLife ** ARCA Biopharma Inc ABIO.O: up 3.9% BUZZ-Rises on FDA's 'fast-track' tag for COVID-19 treatment The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes jumped on Monday as data showed U.S. business activity in November expanded at its fastest rate in more than five years, an indication that the economy was making progress at clambering out of a pandemic-driven recession..N At 10:06 am ET, the Dow Jones Industrial Average .DJI was up 0.91% at 29,530.8. up 0.24% (Compiled by Amruta Khandekar) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Occidental Petroleum Corp , up 7.6% ** Gap Inc , up 6.2% ** Valero Energy Corp , up 6% The top three S&P 500 .PL.INX percentage losers: ** Catalent Inc , down 3.2% ** Newmont Corporation , down 2.8% ** Kellogg Co , down 1.8% The top three NYSE .PG.N percentage gainers: ** DPW Holdings Inc , up 42.7% ** Renren Inc , up 23.8% ** Switchback Energy Acquisition Corp , up 22.7% The top three NYSE .PL.N percentage losers: ** Ashford Hospitality Trust Inc , down 20.4% ** Legacy Acquisition Corp , down 13.5% ** Montrose Environmental Group Inc , down 13% The top Nasdaq .PG.O percentage gainers: ** Ideanomics Inc , up 70.9 % ** Kaixin Auto Holdings , up 61.4 % The top three Nasdaq .PL.O percentage losers: ** Bellerophon Therapeutics Inc , down 21.6 % ** Niu Technologies , down 13 % ** BioLine RX Ltd , down 10.2 % ** Tesla Inc TSLA.O: up 6.6% BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Baozun Inc BZUN.O: down 1.2% BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.2% BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 2.9% BUZZ-Gains after Needham raises PT on advertising strength ** Southwest Airlines Co LUV.N: up 0.8% ** Alaska Air Group Inc ALK.N: up 1.7% ** United Airlines Holdings Inc UAL.O: up 2.2% ** Delta Air Lines Inc DAL.N: up 1.9% ** American Airlines Group Inc AAL.O: up 3.0% ** Spirit Airlines Inc SAVE.N: up 2.7% ** Royal Caribbean Cruises Ltd RCL.N: up 2.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 1.8% ** Carnival Corp CCL.N: up 2.8% BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 6.2% BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 2.3% ** JPMorgan Chase & Co JPM.N: up 1.7% ** Morgan Stanley MS.N: up 3.2% ** Bank of America Corp BAC.N: up 1.8% ** Wells Fargo & Co WFC.N: up 2.6% ** Citigroup Inc C.N: up 1.8% BUZZ-U.S. big banks rise on 'vaccine for the world' data ** Altice USA Inc ATUS.N: up 9.1% BUZZ-Jumps on $2.5 bln buyback ** FuboTV Inc FUBO.N: up 9.4% BUZZ-Rises after brokerage raises PT on connected TV upside ** Apex Technology Acquisition Corp APXT.O: up 3% BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 2.2% BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 13.0% BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 70.9% BUZZ-Raises stake in e-tractor developer, shares soar ** China Online Education Group COE.N: up 2.4% BUZZ-Rises on Q3 results beat ** Daqo New Energy Corp DQ.N: down 5.6% BUZZ-Drops after Q3 profit miss ** Cytokinetics Inc CYTK.O: down 2.7% BUZZ-Falls as Amgen ends pact over heart drugs development ** Kemper Corp KMPR.N: up 1.5% BUZZ-To buy American Access Casualty in $370 mln deal ** SmileDirectClub Inc SDC.O: up 10.8% BUZZ-Rises on partnership with MetLife ** ARCA Biopharma Inc ABIO.O: up 3.9% BUZZ-Rises on FDA's 'fast-track' tag for COVID-19 treatment The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes jumped on Monday as data showed U.S. business activity in November expanded at its fastest rate in more than five years, an indication that the economy was making progress at clambering out of a pandemic-driven recession..N At 10:06 am ET, the Dow Jones Industrial Average .DJI was up 0.91% at 29,530.8. up 0.02% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** Occidental Petroleum Corp , up 7.6% ** Gap Inc , up 6.2% ** Valero Energy Corp , up 6% The top three S&P 500 .PL.INX percentage losers: ** Catalent Inc , down 3.2% ** Newmont Corporation , down 2.8% ** Kellogg Co , down 1.8% The top three NYSE .PG.N percentage gainers: ** DPW Holdings Inc , up 42.7% ** Renren Inc , up 23.8% ** Switchback Energy Acquisition Corp , up 22.7% The top three NYSE .PL.N percentage losers: ** Ashford Hospitality Trust Inc , down 20.4% ** Legacy Acquisition Corp , down 13.5% ** Montrose Environmental Group Inc , down 13% The top Nasdaq .PG.O percentage gainers: ** Ideanomics Inc , up 70.9 % ** Kaixin Auto Holdings , up 61.4 % The top three Nasdaq .PL.O percentage losers: ** Bellerophon Therapeutics Inc , down 21.6 % ** Niu Technologies , down 13 % ** BioLine RX Ltd , down 10.2 % ** Tesla Inc TSLA.O: up 6.6% BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Baozun Inc BZUN.O: down 1.2% BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.2% BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 2.9% BUZZ-Gains after Needham raises PT on advertising strength ** Southwest Airlines Co LUV.N: up 0.8% ** Alaska Air Group Inc ALK.N: up 1.7% ** United Airlines Holdings Inc UAL.O: up 2.2% ** Delta Air Lines Inc DAL.N: up 1.9% ** American Airlines Group Inc AAL.O: up 3.0% ** Spirit Airlines Inc SAVE.N: up 2.7% ** Royal Caribbean Cruises Ltd RCL.N: up 2.2% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 1.8% ** Carnival Corp CCL.N: up 2.8% BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 6.2% BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 2.3% ** JPMorgan Chase & Co JPM.N: up 1.7% ** Morgan Stanley MS.N: up 3.2% ** Bank of America Corp BAC.N: up 1.8% ** Wells Fargo & Co WFC.N: up 2.6% ** Citigroup Inc C.N: up 1.8% BUZZ-U.S. big banks rise on 'vaccine for the world' data ** Altice USA Inc ATUS.N: up 9.1% BUZZ-Jumps on $2.5 bln buyback ** FuboTV Inc FUBO.N: up 9.4% BUZZ-Rises after brokerage raises PT on connected TV upside ** Apex Technology Acquisition Corp APXT.O: up 3% BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 2.2% BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 13.0% BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 70.9% BUZZ-Raises stake in e-tractor developer, shares soar ** China Online Education Group COE.N: up 2.4% BUZZ-Rises on Q3 results beat ** Daqo New Energy Corp DQ.N: down 5.6% BUZZ-Drops after Q3 profit miss ** Cytokinetics Inc CYTK.O: down 2.7% BUZZ-Falls as Amgen ends pact over heart drugs development ** Kemper Corp KMPR.N: up 1.5% BUZZ-To buy American Access Casualty in $370 mln deal ** SmileDirectClub Inc SDC.O: up 10.8% BUZZ-Rises on partnership with MetLife ** ARCA Biopharma Inc ABIO.O: up 3.9% BUZZ-Rises on FDA's 'fast-track' tag for COVID-19 treatment The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes jumped on Monday as data showed U.S. business activity in November expanded at its fastest rate in more than five years, an indication that the economy was making progress at clambering out of a pandemic-driven recession..N At 10:06 am ET, the Dow Jones Industrial Average .DJI was up 0.91% at 29,530.8. The S&P 500 .SPX was up 0.86% at 3,587.97 and the Nasdaq Composite .IXIC was up 0.49% at 11,913.193.
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8e2f5566-f3c8-434c-a487-1af4e834c105
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4991.0
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2020-11-23 00:00:00 UTC
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United to Raise Up to $1 Billion in Secondary Stock Offering
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AAL
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https://www.nasdaq.com/articles/united-to-raise-up-to-%241-billion-in-secondary-stock-offering-2020-11-23
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nan
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nan
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United Airlines Holdings (NASDAQ: UAL) plans to raise about $1 billion in fresh equity to boost its cash reserves and help it ride out the COVID-19 crisis.
In a regulatory filing on Monday, the airline said it plans to offer 25.3 million shares. At current prices, that would raise $1.038 billion, though secondary offerings are often done at a slight discount.
Image source: United Airlines.
Airlines have been devastated by the pandemic, with revenue falling nearly 70% year over year. United shares are down more than 50% year to date, but the stock is up 20% in November following a series of announcements concerning progress on vaccine development.
The vaccine should eventually help spur a return to flying that will in turn allow airlines to stem losses, but that process will take time. In the meantime, airlines can use all the cash they can get. In the third quarter, United burned about $25 million per day, ending the quarter with $19.4 billion in total liquidity.
It's the second airline to take advantage of the recent rally to raise fresh capital. American Airlines Group (NASDAQ: AAL) earlier this month announced its intention to sell 38.5 million shares of its common stock, seeking to raise about $500 million.
The secondary offerings dilute existing holders by giving them a smaller piece of the overall pie, but if the added cash helps ensure the airlines can avoid bankruptcy, existing holders will still come out ahead in the long run.
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Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group (NASDAQ: AAL) earlier this month announced its intention to sell 38.5 million shares of its common stock, seeking to raise about $500 million. United Airlines Holdings (NASDAQ: UAL) plans to raise about $1 billion in fresh equity to boost its cash reserves and help it ride out the COVID-19 crisis. The vaccine should eventually help spur a return to flying that will in turn allow airlines to stem losses, but that process will take time.
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American Airlines Group (NASDAQ: AAL) earlier this month announced its intention to sell 38.5 million shares of its common stock, seeking to raise about $500 million. United Airlines Holdings (NASDAQ: UAL) plans to raise about $1 billion in fresh equity to boost its cash reserves and help it ride out the COVID-19 crisis. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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American Airlines Group (NASDAQ: AAL) earlier this month announced its intention to sell 38.5 million shares of its common stock, seeking to raise about $500 million. 10 stocks we like better than United Airlines Holdings When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Lou Whiteman has no position in any of the stocks mentioned.
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American Airlines Group (NASDAQ: AAL) earlier this month announced its intention to sell 38.5 million shares of its common stock, seeking to raise about $500 million. United Airlines Holdings (NASDAQ: UAL) plans to raise about $1 billion in fresh equity to boost its cash reserves and help it ride out the COVID-19 crisis. United shares are down more than 50% year to date, but the stock is up 20% in November following a series of announcements concerning progress on vaccine development.
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12c699b2-9d00-42ed-86cd-8d86dd8cac9a
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4992.0
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2020-11-23 00:00:00 UTC
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Why Shares of American Airlines Flew Higher on Monday
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AAL
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https://www.nasdaq.com/articles/why-shares-of-american-airlines-flew-higher-on-monday-2020-11-23
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What happened
Airline shares soared higher on Monday on another positive development in the race to produce a COVID-19 vaccine, and on data indicating a strong weekend for travel. American Airlines Group (NASDAQ: AAL) led the sector higher, closing up 8.2% for the day.
So what
Airlines have been hard hit by the pandemic, which has caused travel demand to plummet. American and other carriers have raised billions in new liquidity to help weather the crisis, but there can be no recovery until the virus is under control.
For the third straight Monday, airline stocks were higher on positive vaccine news. This time it was a vaccine candidate from AstraZeneca and Oxford University that studies indicate is effective, meaning we now have three promising vaccine candidates to deploy against the virus.
Image source: American Airlines.
There was also fresh travel data that indicated Americans are slowly returning to the skies ahead of a vaccine. Over 1 million people per day passed through Transportation Security Administration airport checkpoints on both Friday and Sunday, with Sunday's total of 1,047,934 travelers the highest recorded since March.
The airlines had hoped for an uptick in travel over the Thanksgiving holiday, but with public health officials urging people not to travel for the holidays, it was hard to predict if demand would materialize.
Now what
Thanksgiving and year-end travel is sure to be down from last year, but the airlines will take any help they can get. The entire industry is burning cash right now, and each added ticket sold provides a little more revenue to close the gap.
American Airlines shares are particularly sensitive to changes in demand because that carrier, more than any other, is perceived as being vulnerable to a prolonged downturn. The company has the highest debt levels among U.S. airlines, and burned through $44 million in cash through the third quarter.
American shares are now up 20% for the month, but still down 52% for the year. The near-term jump makes sense, as the current traffic trends and hope for a vaccine in the months to come should mean that American has enough cash to survive. But the recovery will still take years even if the vaccine comes through as hoped, and investors should be cautious about buying into this nascent rally expecting the year-to-date gap to quickly close.
10 stocks we like better than American Airlines Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group (NASDAQ: AAL) led the sector higher, closing up 8.2% for the day. What happened Airline shares soared higher on Monday on another positive development in the race to produce a COVID-19 vaccine, and on data indicating a strong weekend for travel. The near-term jump makes sense, as the current traffic trends and hope for a vaccine in the months to come should mean that American has enough cash to survive.
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American Airlines Group (NASDAQ: AAL) led the sector higher, closing up 8.2% for the day. For the third straight Monday, airline stocks were higher on positive vaccine news. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
|
American Airlines Group (NASDAQ: AAL) led the sector higher, closing up 8.2% for the day. 10 stocks we like better than American Airlines Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group wasn't one of them!
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American Airlines Group (NASDAQ: AAL) led the sector higher, closing up 8.2% for the day. American shares are now up 20% for the month, but still down 52% for the year. But the recovery will still take years even if the vaccine comes through as hoped, and investors should be cautious about buying into this nascent rally expecting the year-to-date gap to quickly close.
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4993.0
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2020-11-23 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-DPW, Fuel Tech, Ideanomics, Bellerophon, Niu Technologies
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-dpw-fuel-tech-ideanomics-bellerophon-niu-technologies-2020-11
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes rose on Monday as hopes of a COVID-19 vaccine and data showing a rapid expansion in monthly business activity fueled bets of a quicker economic recovery from a pandemic-driven recession. .N
At 11:02 a.m. ET, the Dow Jones Industrial Average .DJI was up 0.78% at 29,492.36. The S&P 500 .SPX was up 0.46% at 3,573.96 and the Nasdaq Composite .IXIC was up 0.15% at 11,872.753. The top three S&P 500 .PG.INX percentage gainers: ** Occidental Petroleum Corp OXY.N, up 9.7% ** Gap Inc GPS.N, up 8.5% ** Devon Energy Corp DVN.N, up 7.1% The top three S&P 500 .PL.INX percentage losers: ** Catalent Inc CTLT.N, down 3.1% ** SVB Financial Group SIVB.OQ, down 2% ** Newmont Corporation NEM.N, down 1.9% The top three NYSE .PG.N percentage gainers: ** DPW Holdings Inc DPW.N, up 81.7% ** Renren Inc RENN.N, up 27.1% ** Front Yard Residential Corp RESI.N, up 21.8% The top three NYSE .PL.N percentage losers: ** Navios Maritime Holdings Inc NM_pg.N, down 15.6% ** Legacy Acquisition Corp ID.N, down 13.5% ** Ashford Hospitality Trust Inc AHT.N, down 13.5% The top Nasdaq .PG.O percentage gainers: ** Fuel Tech Inc FTEK.O, up 66.5% ** Ideanomics Inc IDEX.O, up 65.6% The top three Nasdaq .PL.O percentage losers: ** Bellerophon Therapeutics Inc BLPH.O, down 16.7% ** Spring Bank Pharmaceuticals Inc FSTX.O, down 12.7% ** Niu Technologies NIU.O, down 12.5% ** AstraZeneca PLC AZN.O: down 2.8%
BUZZ-Street View: COVID-19 vaccine data 'good enough' ** Tesla Inc TSLA.O: up 6.6%
BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Advanced Micro Devices Inc AMD.O: up 2.6%
BUZZ-RBC raises PT on expected merger synergies, gaming and server growth ** Baozun Inc BZUN.O: down 3.7%
BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.7%
BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 5.7%
BUZZ-Gains after Needham raises PT on advertising strength ** Alaska Air Group Inc ALK.N: up 1.9% ** United Airlines Holdings Inc UAL.O: up 3.2% ** Delta Air Lines Inc DAL.N: up 3.1% ** American Airlines Group Inc AAL.O: up 4.7% ** Spirit Airlines Inc SAVE.N: up 2.4% ** Royal Caribbean Cruises Ltd RCL.N: up 3.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 3.5% ** Carnival Corp CCL.N: up 3.7%
BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 7.2%
BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 2.7% ** JPMorgan Chase & Co JPM.N: up 2.2% ** Morgan Stanley MS.N: up 3.5% ** Bank of America Corp BAC.N: up 2.0% ** Wells Fargo & Co WFC.N: up 2.7% ** Citigroup Inc C.N: up 3.6%
BUZZ-U.S. big banks rise on 'vaccine for the world' data ** Altice USA Inc ATUS.N: up 8.9%
BUZZ-Jumps on $2.5 bln buyback ** FuboTV Inc FUBO.N: up 12.6%
BUZZ-Rises after brokerage raises PT on connected TV upside ** Apex Technology Acquisition Corp APXT.O: up 2.5%
BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 2.0%
BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 12.5%
BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 65.6%
BUZZ-Raises stake in e-tractor developer Solectrac, shares soar ** China Online Education Group COE.N: up 1.8%
BUZZ-Rises on Q3 results beat ** Daqo New Energy Corp DQ.N: down 5.0%
BUZZ-Drops after Q3 profit miss ** BioNTech SE BNTX.O: up 1.4% ** Moderna Inc MRNA.O: up 1.7% ** CureVac NV CVAC.O: up 3.5% ** Novavax Inc NVAX.O: up 2.7% ** Vaxart Inc VXRT.O: up 1.5% BUZZ-COVID-19 vaccine makers rise on positive AstraZeneca vaccine data ** Kemper Corp KMPR.N: up 1.3%
BUZZ-To buy American Access Casualty in $370 mln deal ** SmileDirectClub Inc SDC.O: up 10.1%
BUZZ-Rises on partnership with MetLife ** ARCA Biopharma Inc ABIO.O: up 7.7%
BUZZ-Rises on FDA's 'fast-track' tag for COVID-19 treatment ** Korn Ferry KFY.N: up 3.2%
BUZZ-Rises on better-than-expected Q2 results ** Legend Biotech LEGN.O: down 4.6%
BUZZ-Falls after former CEO's arrest ** Ashford Hospitality Trust Inc AHT.N: down 13.5%
BUZZ-To issue new shares after exchange offer ** JFrog Ltd FROG.O: down 2.6%
BUZZ-Falls as co announces early IPO lock-up release
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.29%
Consumer Discretionary
.SPLRCD
up 0.52%
Consumer Staples
.SPLRCS
up 0.01%
Energy
.SPNY
up 4.05%
Financial
.SPSY
up 1.74%
Health
.SPXHC
up 0.03%
Industrial
.SPLRCI
up 1.36%
Information Technology
.SPLRCT
down 0.02%
Materials
.SPLRCM
up 1.08%
Real Estate
.SPLRCR
up 0.48%
Utilities
.SPLRCU
up 0.21%
(Compiled by Amruta Khandekar)
((Amruta.Khandekar@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Occidental Petroleum Corp OXY.N, up 9.7% ** Gap Inc GPS.N, up 8.5% ** Devon Energy Corp DVN.N, up 7.1% The top three S&P 500 .PL.INX percentage losers: ** Catalent Inc CTLT.N, down 3.1% ** SVB Financial Group SIVB.OQ, down 2% ** Newmont Corporation NEM.N, down 1.9% The top three NYSE .PG.N percentage gainers: ** DPW Holdings Inc DPW.N, up 81.7% ** Renren Inc RENN.N, up 27.1% ** Front Yard Residential Corp RESI.N, up 21.8% The top three NYSE .PL.N percentage losers: ** Navios Maritime Holdings Inc NM_pg.N, down 15.6% ** Legacy Acquisition Corp ID.N, down 13.5% ** Ashford Hospitality Trust Inc AHT.N, down 13.5% The top Nasdaq .PG.O percentage gainers: ** Fuel Tech Inc FTEK.O, up 66.5% ** Ideanomics Inc IDEX.O, up 65.6% The top three Nasdaq .PL.O percentage losers: ** Bellerophon Therapeutics Inc BLPH.O, down 16.7% ** Spring Bank Pharmaceuticals Inc FSTX.O, down 12.7% ** Niu Technologies NIU.O, down 12.5% ** AstraZeneca PLC AZN.O: down 2.8% BUZZ-Street View: COVID-19 vaccine data 'good enough' ** Tesla Inc TSLA.O: up 6.6% BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Advanced Micro Devices Inc AMD.O: up 2.6% BUZZ-RBC raises PT on expected merger synergies, gaming and server growth ** Baozun Inc BZUN.O: down 3.7% BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.7% BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 5.7% BUZZ-Gains after Needham raises PT on advertising strength ** Alaska Air Group Inc ALK.N: up 1.9% ** United Airlines Holdings Inc UAL.O: up 3.2% ** Delta Air Lines Inc DAL.N: up 3.1% ** American Airlines Group Inc AAL.O: up 4.7% ** Spirit Airlines Inc SAVE.N: up 2.4% ** Royal Caribbean Cruises Ltd RCL.N: up 3.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 3.5% ** Carnival Corp CCL.N: up 3.7% BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 7.2% BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 2.7% ** JPMorgan Chase & Co JPM.N: up 2.2% ** Morgan Stanley MS.N: up 3.5% ** Bank of America Corp BAC.N: up 2.0% ** Wells Fargo & Co WFC.N: up 2.7% ** Citigroup Inc C.N: up 3.6% BUZZ-U.S. big banks rise on 'vaccine for the world' data ** Altice USA Inc ATUS.N: up 8.9% BUZZ-Jumps on $2.5 bln buyback ** FuboTV Inc FUBO.N: up 12.6% BUZZ-Rises after brokerage raises PT on connected TV upside ** Apex Technology Acquisition Corp APXT.O: up 2.5% BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 2.0% BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 12.5% BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 65.6% BUZZ-Raises stake in e-tractor developer Solectrac, shares soar ** China Online Education Group COE.N: up 1.8% BUZZ-Rises on Q3 results beat ** Daqo New Energy Corp DQ.N: down 5.0% BUZZ-Drops after Q3 profit miss ** BioNTech SE BNTX.O: up 1.4% ** Moderna Inc MRNA.O: up 1.7% ** CureVac NV CVAC.O: up 3.5% ** Novavax Inc NVAX.O: up 2.7% ** Vaxart Inc VXRT.O: up 1.5% BUZZ-COVID-19 vaccine makers rise on positive AstraZeneca vaccine data ** Kemper Corp KMPR.N: up 1.3% BUZZ-To buy American Access Casualty in $370 mln deal ** SmileDirectClub Inc SDC.O: up 10.1% BUZZ-Rises on partnership with MetLife ** ARCA Biopharma Inc ABIO.O: up 7.7% BUZZ-Rises on FDA's 'fast-track' tag for COVID-19 treatment ** Korn Ferry KFY.N: up 3.2% BUZZ-Rises on better-than-expected Q2 results ** Legend Biotech LEGN.O: down 4.6% BUZZ-Falls after former CEO's arrest ** Ashford Hospitality Trust Inc AHT.N: down 13.5% BUZZ-To issue new shares after exchange offer ** JFrog Ltd FROG.O: down 2.6% BUZZ-Falls as co announces early IPO lock-up release The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes rose on Monday as hopes of a COVID-19 vaccine and data showing a rapid expansion in monthly business activity fueled bets of a quicker economic recovery from a pandemic-driven recession. up 0.21% (Compiled by Amruta Khandekar) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Occidental Petroleum Corp OXY.N, up 9.7% ** Gap Inc GPS.N, up 8.5% ** Devon Energy Corp DVN.N, up 7.1% The top three S&P 500 .PL.INX percentage losers: ** Catalent Inc CTLT.N, down 3.1% ** SVB Financial Group SIVB.OQ, down 2% ** Newmont Corporation NEM.N, down 1.9% The top three NYSE .PG.N percentage gainers: ** DPW Holdings Inc DPW.N, up 81.7% ** Renren Inc RENN.N, up 27.1% ** Front Yard Residential Corp RESI.N, up 21.8% The top three NYSE .PL.N percentage losers: ** Navios Maritime Holdings Inc NM_pg.N, down 15.6% ** Legacy Acquisition Corp ID.N, down 13.5% ** Ashford Hospitality Trust Inc AHT.N, down 13.5% The top Nasdaq .PG.O percentage gainers: ** Fuel Tech Inc FTEK.O, up 66.5% ** Ideanomics Inc IDEX.O, up 65.6% The top three Nasdaq .PL.O percentage losers: ** Bellerophon Therapeutics Inc BLPH.O, down 16.7% ** Spring Bank Pharmaceuticals Inc FSTX.O, down 12.7% ** Niu Technologies NIU.O, down 12.5% ** AstraZeneca PLC AZN.O: down 2.8% BUZZ-Street View: COVID-19 vaccine data 'good enough' ** Tesla Inc TSLA.O: up 6.6% BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Advanced Micro Devices Inc AMD.O: up 2.6% BUZZ-RBC raises PT on expected merger synergies, gaming and server growth ** Baozun Inc BZUN.O: down 3.7% BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.7% BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 5.7% BUZZ-Gains after Needham raises PT on advertising strength ** Alaska Air Group Inc ALK.N: up 1.9% ** United Airlines Holdings Inc UAL.O: up 3.2% ** Delta Air Lines Inc DAL.N: up 3.1% ** American Airlines Group Inc AAL.O: up 4.7% ** Spirit Airlines Inc SAVE.N: up 2.4% ** Royal Caribbean Cruises Ltd RCL.N: up 3.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 3.5% ** Carnival Corp CCL.N: up 3.7% BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 7.2% BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 2.7% ** JPMorgan Chase & Co JPM.N: up 2.2% ** Morgan Stanley MS.N: up 3.5% ** Bank of America Corp BAC.N: up 2.0% ** Wells Fargo & Co WFC.N: up 2.7% ** Citigroup Inc C.N: up 3.6% BUZZ-U.S. big banks rise on 'vaccine for the world' data ** Altice USA Inc ATUS.N: up 8.9% BUZZ-Jumps on $2.5 bln buyback ** FuboTV Inc FUBO.N: up 12.6% BUZZ-Rises after brokerage raises PT on connected TV upside ** Apex Technology Acquisition Corp APXT.O: up 2.5% BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 2.0% BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 12.5% BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 65.6% BUZZ-Raises stake in e-tractor developer Solectrac, shares soar ** China Online Education Group COE.N: up 1.8% BUZZ-Rises on Q3 results beat ** Daqo New Energy Corp DQ.N: down 5.0% BUZZ-Drops after Q3 profit miss ** BioNTech SE BNTX.O: up 1.4% ** Moderna Inc MRNA.O: up 1.7% ** CureVac NV CVAC.O: up 3.5% ** Novavax Inc NVAX.O: up 2.7% ** Vaxart Inc VXRT.O: up 1.5% BUZZ-COVID-19 vaccine makers rise on positive AstraZeneca vaccine data ** Kemper Corp KMPR.N: up 1.3% BUZZ-To buy American Access Casualty in $370 mln deal ** SmileDirectClub Inc SDC.O: up 10.1% BUZZ-Rises on partnership with MetLife ** ARCA Biopharma Inc ABIO.O: up 7.7% BUZZ-Rises on FDA's 'fast-track' tag for COVID-19 treatment ** Korn Ferry KFY.N: up 3.2% BUZZ-Rises on better-than-expected Q2 results ** Legend Biotech LEGN.O: down 4.6% BUZZ-Falls after former CEO's arrest ** Ashford Hospitality Trust Inc AHT.N: down 13.5% BUZZ-To issue new shares after exchange offer ** JFrog Ltd FROG.O: down 2.6% BUZZ-Falls as co announces early IPO lock-up release The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes rose on Monday as hopes of a COVID-19 vaccine and data showing a rapid expansion in monthly business activity fueled bets of a quicker economic recovery from a pandemic-driven recession. up 0.21% (Compiled by Amruta Khandekar) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Occidental Petroleum Corp OXY.N, up 9.7% ** Gap Inc GPS.N, up 8.5% ** Devon Energy Corp DVN.N, up 7.1% The top three S&P 500 .PL.INX percentage losers: ** Catalent Inc CTLT.N, down 3.1% ** SVB Financial Group SIVB.OQ, down 2% ** Newmont Corporation NEM.N, down 1.9% The top three NYSE .PG.N percentage gainers: ** DPW Holdings Inc DPW.N, up 81.7% ** Renren Inc RENN.N, up 27.1% ** Front Yard Residential Corp RESI.N, up 21.8% The top three NYSE .PL.N percentage losers: ** Navios Maritime Holdings Inc NM_pg.N, down 15.6% ** Legacy Acquisition Corp ID.N, down 13.5% ** Ashford Hospitality Trust Inc AHT.N, down 13.5% The top Nasdaq .PG.O percentage gainers: ** Fuel Tech Inc FTEK.O, up 66.5% ** Ideanomics Inc IDEX.O, up 65.6% The top three Nasdaq .PL.O percentage losers: ** Bellerophon Therapeutics Inc BLPH.O, down 16.7% ** Spring Bank Pharmaceuticals Inc FSTX.O, down 12.7% ** Niu Technologies NIU.O, down 12.5% ** AstraZeneca PLC AZN.O: down 2.8% BUZZ-Street View: COVID-19 vaccine data 'good enough' ** Tesla Inc TSLA.O: up 6.6% BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Advanced Micro Devices Inc AMD.O: up 2.6% BUZZ-RBC raises PT on expected merger synergies, gaming and server growth ** Baozun Inc BZUN.O: down 3.7% BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.7% BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 5.7% BUZZ-Gains after Needham raises PT on advertising strength ** Alaska Air Group Inc ALK.N: up 1.9% ** United Airlines Holdings Inc UAL.O: up 3.2% ** Delta Air Lines Inc DAL.N: up 3.1% ** American Airlines Group Inc AAL.O: up 4.7% ** Spirit Airlines Inc SAVE.N: up 2.4% ** Royal Caribbean Cruises Ltd RCL.N: up 3.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 3.5% ** Carnival Corp CCL.N: up 3.7% BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 7.2% BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 2.7% ** JPMorgan Chase & Co JPM.N: up 2.2% ** Morgan Stanley MS.N: up 3.5% ** Bank of America Corp BAC.N: up 2.0% ** Wells Fargo & Co WFC.N: up 2.7% ** Citigroup Inc C.N: up 3.6% BUZZ-U.S. big banks rise on 'vaccine for the world' data ** Altice USA Inc ATUS.N: up 8.9% BUZZ-Jumps on $2.5 bln buyback ** FuboTV Inc FUBO.N: up 12.6% BUZZ-Rises after brokerage raises PT on connected TV upside ** Apex Technology Acquisition Corp APXT.O: up 2.5% BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 2.0% BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 12.5% BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 65.6% BUZZ-Raises stake in e-tractor developer Solectrac, shares soar ** China Online Education Group COE.N: up 1.8% BUZZ-Rises on Q3 results beat ** Daqo New Energy Corp DQ.N: down 5.0% BUZZ-Drops after Q3 profit miss ** BioNTech SE BNTX.O: up 1.4% ** Moderna Inc MRNA.O: up 1.7% ** CureVac NV CVAC.O: up 3.5% ** Novavax Inc NVAX.O: up 2.7% ** Vaxart Inc VXRT.O: up 1.5% BUZZ-COVID-19 vaccine makers rise on positive AstraZeneca vaccine data ** Kemper Corp KMPR.N: up 1.3% BUZZ-To buy American Access Casualty in $370 mln deal ** SmileDirectClub Inc SDC.O: up 10.1% BUZZ-Rises on partnership with MetLife ** ARCA Biopharma Inc ABIO.O: up 7.7% BUZZ-Rises on FDA's 'fast-track' tag for COVID-19 treatment ** Korn Ferry KFY.N: up 3.2% BUZZ-Rises on better-than-expected Q2 results ** Legend Biotech LEGN.O: down 4.6% BUZZ-Falls after former CEO's arrest ** Ashford Hospitality Trust Inc AHT.N: down 13.5% BUZZ-To issue new shares after exchange offer ** JFrog Ltd FROG.O: down 2.6% BUZZ-Falls as co announces early IPO lock-up release The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was up 0.78% at 29,492.36. down 0.29% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** Occidental Petroleum Corp OXY.N, up 9.7% ** Gap Inc GPS.N, up 8.5% ** Devon Energy Corp DVN.N, up 7.1% The top three S&P 500 .PL.INX percentage losers: ** Catalent Inc CTLT.N, down 3.1% ** SVB Financial Group SIVB.OQ, down 2% ** Newmont Corporation NEM.N, down 1.9% The top three NYSE .PG.N percentage gainers: ** DPW Holdings Inc DPW.N, up 81.7% ** Renren Inc RENN.N, up 27.1% ** Front Yard Residential Corp RESI.N, up 21.8% The top three NYSE .PL.N percentage losers: ** Navios Maritime Holdings Inc NM_pg.N, down 15.6% ** Legacy Acquisition Corp ID.N, down 13.5% ** Ashford Hospitality Trust Inc AHT.N, down 13.5% The top Nasdaq .PG.O percentage gainers: ** Fuel Tech Inc FTEK.O, up 66.5% ** Ideanomics Inc IDEX.O, up 65.6% The top three Nasdaq .PL.O percentage losers: ** Bellerophon Therapeutics Inc BLPH.O, down 16.7% ** Spring Bank Pharmaceuticals Inc FSTX.O, down 12.7% ** Niu Technologies NIU.O, down 12.5% ** AstraZeneca PLC AZN.O: down 2.8% BUZZ-Street View: COVID-19 vaccine data 'good enough' ** Tesla Inc TSLA.O: up 6.6% BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Advanced Micro Devices Inc AMD.O: up 2.6% BUZZ-RBC raises PT on expected merger synergies, gaming and server growth ** Baozun Inc BZUN.O: down 3.7% BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.7% BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 5.7% BUZZ-Gains after Needham raises PT on advertising strength ** Alaska Air Group Inc ALK.N: up 1.9% ** United Airlines Holdings Inc UAL.O: up 3.2% ** Delta Air Lines Inc DAL.N: up 3.1% ** American Airlines Group Inc AAL.O: up 4.7% ** Spirit Airlines Inc SAVE.N: up 2.4% ** Royal Caribbean Cruises Ltd RCL.N: up 3.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 3.5% ** Carnival Corp CCL.N: up 3.7% BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 7.2% BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 2.7% ** JPMorgan Chase & Co JPM.N: up 2.2% ** Morgan Stanley MS.N: up 3.5% ** Bank of America Corp BAC.N: up 2.0% ** Wells Fargo & Co WFC.N: up 2.7% ** Citigroup Inc C.N: up 3.6% BUZZ-U.S. big banks rise on 'vaccine for the world' data ** Altice USA Inc ATUS.N: up 8.9% BUZZ-Jumps on $2.5 bln buyback ** FuboTV Inc FUBO.N: up 12.6% BUZZ-Rises after brokerage raises PT on connected TV upside ** Apex Technology Acquisition Corp APXT.O: up 2.5% BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 2.0% BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 12.5% BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 65.6% BUZZ-Raises stake in e-tractor developer Solectrac, shares soar ** China Online Education Group COE.N: up 1.8% BUZZ-Rises on Q3 results beat ** Daqo New Energy Corp DQ.N: down 5.0% BUZZ-Drops after Q3 profit miss ** BioNTech SE BNTX.O: up 1.4% ** Moderna Inc MRNA.O: up 1.7% ** CureVac NV CVAC.O: up 3.5% ** Novavax Inc NVAX.O: up 2.7% ** Vaxart Inc VXRT.O: up 1.5% BUZZ-COVID-19 vaccine makers rise on positive AstraZeneca vaccine data ** Kemper Corp KMPR.N: up 1.3% BUZZ-To buy American Access Casualty in $370 mln deal ** SmileDirectClub Inc SDC.O: up 10.1% BUZZ-Rises on partnership with MetLife ** ARCA Biopharma Inc ABIO.O: up 7.7% BUZZ-Rises on FDA's 'fast-track' tag for COVID-19 treatment ** Korn Ferry KFY.N: up 3.2% BUZZ-Rises on better-than-expected Q2 results ** Legend Biotech LEGN.O: down 4.6% BUZZ-Falls after former CEO's arrest ** Ashford Hospitality Trust Inc AHT.N: down 13.5% BUZZ-To issue new shares after exchange offer ** JFrog Ltd FROG.O: down 2.6% BUZZ-Falls as co announces early IPO lock-up release The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes rose on Monday as hopes of a COVID-19 vaccine and data showing a rapid expansion in monthly business activity fueled bets of a quicker economic recovery from a pandemic-driven recession. ET, the Dow Jones Industrial Average .DJI was up 0.78% at 29,492.36.
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e5fb7b03-7431-46d8-ae88-b48ba96f9e90
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4994.0
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2020-11-23 00:00:00 UTC
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Is There A Hidden Opportunity In UAL Stock?
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AAL
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https://www.nasdaq.com/articles/is-there-a-hidden-opportunity-in-ual-stock-2020-11-23
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nan
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nan
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The shares of United Airlines surged 10% in the past week triggered by hopes of a successful vaccine by early next year. We believe that there is a hidden opportunity in United Airlines’ stock (NASDAQ: UAL), which has lost 53% of its value since the beginning of the year and currently trades near $41. The company observed only $2 billion of operating cash outflow for the first nine months primarily supported by the $3 billion grant under the CARES Act. Considering the average daily cash burn rate of $25 million in the fourth quarter, the company’s net debt is likely to increase by another $2 billion in the fourth quarter. Given the positive results released by Pfizer and expectations of an early macroeconomic rebound, the staggering $14 billion drop in the stock’s market capitalization looks unwarranted. Our interactive dashboard highlights United Airlines’ stock performance during the current crisis with that during the 2008 recession.
2020 Coronavirus Crisis
Timeline of 2020 Crisis So Far:
12/12/2019: Coronavirus cases first reported in China
1/31/2020: WHO declares a global health emergency.
2/19/2020: Signs of effective containment in China and hopes of monetary easing by major central banks helps S&P 500 reach a record high
3/23/2020: S&P 500 drops 34% from the peak level seen on Feb 19, as Covid-19 cases accelerate outside China. Doesn’t help that oil prices crash in mid-March amid Saudi-led price war
From 3/24/2020: S&P 500 recovers 60% from the lows seen on Mar 23, as the Fed’s multi-billion dollar stimulus package suppresses near-term survival anxiety and infuses liquidity into the system.
In contrast, here’s how UAL and the broader market performed during the 2007/2008 crisis.
Timeline of 2007-08 Crisis
10/1/2007: Approximate pre-crisis peak in S&P 500 index
9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08)
3/1/2009: Approximate bottoming out of S&P 500 index
1/1/2010: Initial recovery to levels before accelerated decline (around 9/1/2008)
United Airlines vs S&P 500 Performance Over 2007-08 Financial Crisis
UAL stock declined from levels of around $44 in October 2007 (pre-crisis peak) to levels of around $5 in March 2009 (as the markets bottomed out), implying UAL stock lost 89% from its approximate pre-crisis peak. It recovered post the 2008 crisis to levels of about $13 in early 2010 – rising by 163% between March 2009 and January 2010. In comparison, the S&P 500 Index first fell 51% in the wake of the recession before recovering 48% by January 2010.
United Airlines’ Fundamentals in Recent Years Look Stable
United Airlines’ Revenues grew by 14% from $38 billion in 2015 to $43 billion in 2019, driven by a slow growth in air travel demand. Also, the company’s margins remained relatively flat in mid-single digits due to expanding debt. However, the EPS increased by 71% from $6.77 in 2016 to $11.63 in 2019, due to lower shares outstanding. In Q3, the company’s revenues fell by 78% (y-o-y) as the capacity (ASMs) dropped by 70% and the passenger load factor plummeted to 48%.
Does United Airlines Have A Sufficient Cash Cushion To Meet Its Obligations Through The Coronavirus Crisis?
United Airlines’ total debt increased from $11 billion in 2016 to $26 billion at the end of Q3 2020, while its total cash increased from $4.9 billion to $13 billion over the same period. In a historic move, the company raised $6.8 billion in debt during the second quarter secured by MileagePlus Holdings, the assets under its loyalty program. Considering a daily cash burn rate of $25 million, the company can weather the crisis for more than a year.
CONCLUSION
Phases of Covid-19 crisis:
Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally
Late-March 2020 onward: Social distancing measures + lockdowns
April 2020: Fed stimulus suppresses near-term survival anxiety
May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases
July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment
Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in United Airlines’ stock.
What if you’re looking for a more balanced portfolio instead? Here’s a high quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the positive results released by Pfizer and expectations of an early macroeconomic rebound, the staggering $14 billion drop in the stock’s market capitalization looks unwarranted. In a historic move, the company raised $6.8 billion in debt during the second quarter secured by MileagePlus Holdings, the assets under its loyalty program. Phases of Covid-19 crisis: Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in United Airlines’ stock.
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Considering the average daily cash burn rate of $25 million in the fourth quarter, the company’s net debt is likely to increase by another $2 billion in the fourth quarter. Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 1/1/2010: Initial recovery to levels before accelerated decline (around 9/1/2008) United Airlines vs S&P 500 Performance Over 2007-08 Financial Crisis UAL stock declined from levels of around $44 in October 2007 (pre-crisis peak) to levels of around $5 in March 2009 (as the markets bottomed out), implying UAL stock lost 89% from its approximate pre-crisis peak. Phases of Covid-19 crisis: Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in United Airlines’ stock.
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Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 1/1/2010: Initial recovery to levels before accelerated decline (around 9/1/2008) United Airlines vs S&P 500 Performance Over 2007-08 Financial Crisis UAL stock declined from levels of around $44 in October 2007 (pre-crisis peak) to levels of around $5 in March 2009 (as the markets bottomed out), implying UAL stock lost 89% from its approximate pre-crisis peak. United Airlines’ total debt increased from $11 billion in 2016 to $26 billion at the end of Q3 2020, while its total cash increased from $4.9 billion to $13 billion over the same period. Phases of Covid-19 crisis: Early- to mid-March 2020: Fear of the coronavirus outbreak spreading rapidly translates into reality, with the number of cases accelerating globally Late-March 2020 onward: Social distancing measures + lockdowns April 2020: Fed stimulus suppresses near-term survival anxiety May-June 2020: Recovery of demand, with gradual lifting of lockdowns – no panic anymore despite a steady increase in the number of cases July-November 2020: Weak Q2 and Q3 results, but continued improvement in demand and progress with vaccine development buoy market sentiment Another round of payroll support for the airline industry, a sizable reduction in cash burn rate, and the launch of a successful vaccine are the key triggers for an upside in United Airlines’ stock.
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2020 Coronavirus Crisis Timeline of 2020 Crisis So Far: 12/12/2019: Coronavirus cases first reported in China 1/31/2020: WHO declares a global health emergency. In comparison, the S&P 500 Index first fell 51% in the wake of the recession before recovering 48% by January 2010. United Airlines’ total debt increased from $11 billion in 2016 to $26 billion at the end of Q3 2020, while its total cash increased from $4.9 billion to $13 billion over the same period.
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22571194-8969-4690-974c-7ae0f0dcfcbc
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4995.0
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2020-11-23 00:00:00 UTC
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U.S. screens highest number of airline passengers since March
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AAL
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https://www.nasdaq.com/articles/u.s.-screens-highest-number-of-airline-passengers-since-march-2020-11-23
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nan
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nan
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By David Shepardson
WASHINGTON, Nov 23 (Reuters) - The U.S. Transportation Security Administration said it screened 1.047 million passengers on Sunday, the highest number since mid-March.
The number of U.S. air travelers is still nearly 60% lower than the same date last year but Sunday was the second time in three days that passengers screened topped 1 million.
The Centers for Disease Control and Prevention (CDC) on Thursday urged Americans not to travel during this week’s Thanksgiving holiday to mitigate the spread of the coronavirus as cases of COVID-19 spike around the United States.
There have been just three days since March 16 that the number of U.S. airline passengers screened topped 1 million, with the first being Oct. 18 when it was 1.031 million.
Delta Air Lines DAL.N and Southwest Airlines LUV.N have cautioned that the recent surge in COVID-19 cases may have a negative impact on travel over the winter holidays, a period the sector had hoped would see improved bookings.
U.S. airlines say travel demand remains down 62%, while international travel demand remains down more than 70%. Some officials think U.S. restrictions barring many non-U.S. citizens from arrival could be eliminated or reduced with new testing.
The CDC on Saturday said COVID-19 testing before and after international travel can reduce risk and "make travel safer by reducing spread on planes, in airports, and at destinations."
On Wednesday, the chief executives of the seven largest U.S. airlines made a fresh plea for more payroll relief in a letter to congressional leaders.
American Airlines AAL.O and United Airlines UAL.O last month furloughed 32,000 workers.
The COVID-19 pandemic brought travel to a near halt earlier in the year, forcing airlines to scale back operations and seek government bailouts.
(Reporting by David Shepardson; Editing by Toby Chopra and Andrea Ricci)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines AAL.O and United Airlines UAL.O last month furloughed 32,000 workers. By David Shepardson WASHINGTON, Nov 23 (Reuters) - The U.S. Transportation Security Administration said it screened 1.047 million passengers on Sunday, the highest number since mid-March. The Centers for Disease Control and Prevention (CDC) on Thursday urged Americans not to travel during this week’s Thanksgiving holiday to mitigate the spread of the coronavirus as cases of COVID-19 spike around the United States.
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American Airlines AAL.O and United Airlines UAL.O last month furloughed 32,000 workers. The number of U.S. air travelers is still nearly 60% lower than the same date last year but Sunday was the second time in three days that passengers screened topped 1 million. There have been just three days since March 16 that the number of U.S. airline passengers screened topped 1 million, with the first being Oct. 18 when it was 1.031 million.
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American Airlines AAL.O and United Airlines UAL.O last month furloughed 32,000 workers. The number of U.S. air travelers is still nearly 60% lower than the same date last year but Sunday was the second time in three days that passengers screened topped 1 million. U.S. airlines say travel demand remains down 62%, while international travel demand remains down more than 70%.
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American Airlines AAL.O and United Airlines UAL.O last month furloughed 32,000 workers. By David Shepardson WASHINGTON, Nov 23 (Reuters) - The U.S. Transportation Security Administration said it screened 1.047 million passengers on Sunday, the highest number since mid-March. The number of U.S. air travelers is still nearly 60% lower than the same date last year but Sunday was the second time in three days that passengers screened topped 1 million.
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436d82c8-abb2-4a05-a5b7-5ec74e787c1a
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4996.0
|
2020-11-23 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Ashford Hospitality, Spring Bank Pharma, Ideanomics, China Online Education
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AAL
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-ashford-hospitality-spring-bank-pharma-ideanomics-china
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes were set to rise on Monday as hopes that the first COVID-19 vaccine could be available within weeks renewed bets of a swift economic recovery next year. .N
At 9:04 am ET, Dow e-minis 1YMc1 were up 0.45% at 29,344. S&P 500 e-minis ESc1 were up 0.47% at 3,571, while Nasdaq 100 e-minis NQc1 were up 0.34% at 11,946.75. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Front Yard Residential Corp RESI.N, up 21.7% ** StoneMor Partners LP STON.N, up 19.5% ** China Online Education Corp COE.N, up 17.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 23.5% ** Phoenix Tree Holdings Ltd DNK.N, down 7.2% ** Despegar.com Corp DESP.N, down 6.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** East Stone Acquisition Corp ESSCW.O, up 53.9% ** Apex Technology Acquisition Corp APXTW.O, up 41.9% ** IMAC Holdings Inc IMACW.O, up 40.7% The top three Nasdaq percentage losers premarket .PRPL.O: ** Spring Bank Pharmaceuticals Inc FSTX.O, down 51.4% ** PolarityTE Inc PTE.O, down 43.2% ** Bellerophon Therapeutics Inc BLPH.O, down 24.8% ** AstraZeneca PLC AZN.O: down 1.9% premarket BUZZ-Street View: COVID-19 vaccine data 'good enough' ** Leju Holdings Limited LEJU.N: up 2.3% premarket BUZZ-Rises on higher Q3 revenue, profit ** Tesla Inc TSLA.O: up 3.0% premarket BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Regeneron Pharmaceuticals Inc REGN.O: up 3.3% premarket BUZZ-Up after FDA grants emergency use authorization to COVID-19 therapy ** Baozun Inc BZUN.O: down 3.6% premarket BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.3% premarket BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 2.3% premarket BUZZ-Gains after Needham raises PT on advertising strength ** Huami Corp HMI.N: up 1.8% premarket BUZZ-Rises on higher Q3 revenue ** Southwest Airlines Co LUV.N: up 1.4% premarket ** Alaska Air Group Inc ALK.N: up 0.6% premarket ** Delta Air Lines Inc DAL.N: up 1.6% premarket ** American Airlines Group Inc AAL.O: up 1.8% premarket ** Spirit Airlines Inc SAVE.N: up 1.3% premarket ** Royal Caribbean Cruises Ltd RCL.N: up 1.5% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.8% premarket ** Carnival Corp CCL.N: up 2.0% premarket BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 10.1% premarket BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 1.3% premarket ** JPMorgan Chase & Co JPM.N: up 1.2% premarket ** Morgan Stanley MS.N: up 1.4% premarket ** Bank of America Corp BAC.N: up 1.1% premarket ** Wells Fargo & Co WFC.N: up 1.3% premarket ** Citigroup Inc C.N: up 1.4% premarket BUZZ-U.S. big banks rise on 'vaccine for the world' data ** FuboTV Inc FUBO.N: up 4.0% premarket BUZZ-Rises after brokerage raises PT on connected TV upside ** Altice USA Inc ATUS.N: up 7.3% premarket BUZZ-Jumps on $2.5 bln buyback ** Apex Technology Acquisition Corp APXT.O: up 5.2% premarket BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 0.6% premarket BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 7.5% premarket BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 24.0% premarket BUZZ-Raises stake in e-tractor developer, shares soar ** China Online Education Group COE.N: up 17.0% premarket BUZZ-Rises on Q3 results beat ** Warner Music Group Corp WMG.O: up 1.5% premarket BUZZ-Rises on strong Q4 results
(Compiled by Amruta Khandekar)
((Amruta.Khandekar@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Front Yard Residential Corp RESI.N, up 21.7% ** StoneMor Partners LP STON.N, up 19.5% ** China Online Education Corp COE.N, up 17.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 23.5% ** Phoenix Tree Holdings Ltd DNK.N, down 7.2% ** Despegar.com Corp DESP.N, down 6.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** East Stone Acquisition Corp ESSCW.O, up 53.9% ** Apex Technology Acquisition Corp APXTW.O, up 41.9% ** IMAC Holdings Inc IMACW.O, up 40.7% The top three Nasdaq percentage losers premarket .PRPL.O: ** Spring Bank Pharmaceuticals Inc FSTX.O, down 51.4% ** PolarityTE Inc PTE.O, down 43.2% ** Bellerophon Therapeutics Inc BLPH.O, down 24.8% ** AstraZeneca PLC AZN.O: down 1.9% premarket BUZZ-Street View: COVID-19 vaccine data 'good enough' ** Leju Holdings Limited LEJU.N: up 2.3% premarket BUZZ-Rises on higher Q3 revenue, profit ** Tesla Inc TSLA.O: up 3.0% premarket BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Regeneron Pharmaceuticals Inc REGN.O: up 3.3% premarket BUZZ-Up after FDA grants emergency use authorization to COVID-19 therapy ** Baozun Inc BZUN.O: down 3.6% premarket BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.3% premarket BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 2.3% premarket BUZZ-Gains after Needham raises PT on advertising strength ** Huami Corp HMI.N: up 1.8% premarket BUZZ-Rises on higher Q3 revenue ** Southwest Airlines Co LUV.N: up 1.4% premarket ** Alaska Air Group Inc ALK.N: up 0.6% premarket ** Delta Air Lines Inc DAL.N: up 1.6% premarket ** American Airlines Group Inc AAL.O: up 1.8% premarket ** Spirit Airlines Inc SAVE.N: up 1.3% premarket ** Royal Caribbean Cruises Ltd RCL.N: up 1.5% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.8% premarket ** Carnival Corp CCL.N: up 2.0% premarket BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 10.1% premarket BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 1.3% premarket ** JPMorgan Chase & Co JPM.N: up 1.2% premarket ** Morgan Stanley MS.N: up 1.4% premarket ** Bank of America Corp BAC.N: up 1.1% premarket ** Wells Fargo & Co WFC.N: up 1.3% premarket ** Citigroup Inc C.N: up 1.4% premarket BUZZ-U.S. big banks rise on 'vaccine for the world' data ** FuboTV Inc FUBO.N: up 4.0% premarket BUZZ-Rises after brokerage raises PT on connected TV upside ** Altice USA Inc ATUS.N: up 7.3% premarket BUZZ-Jumps on $2.5 bln buyback ** Apex Technology Acquisition Corp APXT.O: up 5.2% premarket BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 0.6% premarket BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 7.5% premarket BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 24.0% premarket BUZZ-Raises stake in e-tractor developer, shares soar ** China Online Education Group COE.N: up 17.0% premarket BUZZ-Rises on Q3 results beat ** Warner Music Group Corp WMG.O: up 1.5% premarket BUZZ-Rises on strong Q4 results (Compiled by Amruta Khandekar) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to rise on Monday as hopes that the first COVID-19 vaccine could be available within weeks renewed bets of a swift economic recovery next year. .N At 9:04 am ET, Dow e-minis 1YMc1 were up 0.45% at 29,344.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Front Yard Residential Corp RESI.N, up 21.7% ** StoneMor Partners LP STON.N, up 19.5% ** China Online Education Corp COE.N, up 17.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 23.5% ** Phoenix Tree Holdings Ltd DNK.N, down 7.2% ** Despegar.com Corp DESP.N, down 6.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** East Stone Acquisition Corp ESSCW.O, up 53.9% ** Apex Technology Acquisition Corp APXTW.O, up 41.9% ** IMAC Holdings Inc IMACW.O, up 40.7% The top three Nasdaq percentage losers premarket .PRPL.O: ** Spring Bank Pharmaceuticals Inc FSTX.O, down 51.4% ** PolarityTE Inc PTE.O, down 43.2% ** Bellerophon Therapeutics Inc BLPH.O, down 24.8% ** AstraZeneca PLC AZN.O: down 1.9% premarket BUZZ-Street View: COVID-19 vaccine data 'good enough' ** Leju Holdings Limited LEJU.N: up 2.3% premarket BUZZ-Rises on higher Q3 revenue, profit ** Tesla Inc TSLA.O: up 3.0% premarket BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Regeneron Pharmaceuticals Inc REGN.O: up 3.3% premarket BUZZ-Up after FDA grants emergency use authorization to COVID-19 therapy ** Baozun Inc BZUN.O: down 3.6% premarket BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.3% premarket BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 2.3% premarket BUZZ-Gains after Needham raises PT on advertising strength ** Huami Corp HMI.N: up 1.8% premarket BUZZ-Rises on higher Q3 revenue ** Southwest Airlines Co LUV.N: up 1.4% premarket ** Alaska Air Group Inc ALK.N: up 0.6% premarket ** Delta Air Lines Inc DAL.N: up 1.6% premarket ** American Airlines Group Inc AAL.O: up 1.8% premarket ** Spirit Airlines Inc SAVE.N: up 1.3% premarket ** Royal Caribbean Cruises Ltd RCL.N: up 1.5% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.8% premarket ** Carnival Corp CCL.N: up 2.0% premarket BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 10.1% premarket BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 1.3% premarket ** JPMorgan Chase & Co JPM.N: up 1.2% premarket ** Morgan Stanley MS.N: up 1.4% premarket ** Bank of America Corp BAC.N: up 1.1% premarket ** Wells Fargo & Co WFC.N: up 1.3% premarket ** Citigroup Inc C.N: up 1.4% premarket BUZZ-U.S. big banks rise on 'vaccine for the world' data ** FuboTV Inc FUBO.N: up 4.0% premarket BUZZ-Rises after brokerage raises PT on connected TV upside ** Altice USA Inc ATUS.N: up 7.3% premarket BUZZ-Jumps on $2.5 bln buyback ** Apex Technology Acquisition Corp APXT.O: up 5.2% premarket BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 0.6% premarket BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 7.5% premarket BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 24.0% premarket BUZZ-Raises stake in e-tractor developer, shares soar ** China Online Education Group COE.N: up 17.0% premarket BUZZ-Rises on Q3 results beat ** Warner Music Group Corp WMG.O: up 1.5% premarket BUZZ-Rises on strong Q4 results (Compiled by Amruta Khandekar) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to rise on Monday as hopes that the first COVID-19 vaccine could be available within weeks renewed bets of a swift economic recovery next year. S&P 500 e-minis ESc1 were up 0.47% at 3,571, while Nasdaq 100 e-minis NQc1 were up 0.34% at 11,946.75.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Front Yard Residential Corp RESI.N, up 21.7% ** StoneMor Partners LP STON.N, up 19.5% ** China Online Education Corp COE.N, up 17.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 23.5% ** Phoenix Tree Holdings Ltd DNK.N, down 7.2% ** Despegar.com Corp DESP.N, down 6.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** East Stone Acquisition Corp ESSCW.O, up 53.9% ** Apex Technology Acquisition Corp APXTW.O, up 41.9% ** IMAC Holdings Inc IMACW.O, up 40.7% The top three Nasdaq percentage losers premarket .PRPL.O: ** Spring Bank Pharmaceuticals Inc FSTX.O, down 51.4% ** PolarityTE Inc PTE.O, down 43.2% ** Bellerophon Therapeutics Inc BLPH.O, down 24.8% ** AstraZeneca PLC AZN.O: down 1.9% premarket BUZZ-Street View: COVID-19 vaccine data 'good enough' ** Leju Holdings Limited LEJU.N: up 2.3% premarket BUZZ-Rises on higher Q3 revenue, profit ** Tesla Inc TSLA.O: up 3.0% premarket BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Regeneron Pharmaceuticals Inc REGN.O: up 3.3% premarket BUZZ-Up after FDA grants emergency use authorization to COVID-19 therapy ** Baozun Inc BZUN.O: down 3.6% premarket BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.3% premarket BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 2.3% premarket BUZZ-Gains after Needham raises PT on advertising strength ** Huami Corp HMI.N: up 1.8% premarket BUZZ-Rises on higher Q3 revenue ** Southwest Airlines Co LUV.N: up 1.4% premarket ** Alaska Air Group Inc ALK.N: up 0.6% premarket ** Delta Air Lines Inc DAL.N: up 1.6% premarket ** American Airlines Group Inc AAL.O: up 1.8% premarket ** Spirit Airlines Inc SAVE.N: up 1.3% premarket ** Royal Caribbean Cruises Ltd RCL.N: up 1.5% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.8% premarket ** Carnival Corp CCL.N: up 2.0% premarket BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 10.1% premarket BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 1.3% premarket ** JPMorgan Chase & Co JPM.N: up 1.2% premarket ** Morgan Stanley MS.N: up 1.4% premarket ** Bank of America Corp BAC.N: up 1.1% premarket ** Wells Fargo & Co WFC.N: up 1.3% premarket ** Citigroup Inc C.N: up 1.4% premarket BUZZ-U.S. big banks rise on 'vaccine for the world' data ** FuboTV Inc FUBO.N: up 4.0% premarket BUZZ-Rises after brokerage raises PT on connected TV upside ** Altice USA Inc ATUS.N: up 7.3% premarket BUZZ-Jumps on $2.5 bln buyback ** Apex Technology Acquisition Corp APXT.O: up 5.2% premarket BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 0.6% premarket BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 7.5% premarket BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 24.0% premarket BUZZ-Raises stake in e-tractor developer, shares soar ** China Online Education Group COE.N: up 17.0% premarket BUZZ-Rises on Q3 results beat ** Warner Music Group Corp WMG.O: up 1.5% premarket BUZZ-Rises on strong Q4 results (Compiled by Amruta Khandekar) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to rise on Monday as hopes that the first COVID-19 vaccine could be available within weeks renewed bets of a swift economic recovery next year. S&P 500 e-minis ESc1 were up 0.47% at 3,571, while Nasdaq 100 e-minis NQc1 were up 0.34% at 11,946.75.
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The top three NYSE percentage gainers premarket .PRPG.NQ: ** Front Yard Residential Corp RESI.N, up 21.7% ** StoneMor Partners LP STON.N, up 19.5% ** China Online Education Corp COE.N, up 17.0% The top three NYSE percentage losers premarket .PRPL.NQ: ** Ashford Hospitality Trust Inc AHT.N, down 23.5% ** Phoenix Tree Holdings Ltd DNK.N, down 7.2% ** Despegar.com Corp DESP.N, down 6.5% The top three Nasdaq percentage gainers premarket .PRPG.O: ** East Stone Acquisition Corp ESSCW.O, up 53.9% ** Apex Technology Acquisition Corp APXTW.O, up 41.9% ** IMAC Holdings Inc IMACW.O, up 40.7% The top three Nasdaq percentage losers premarket .PRPL.O: ** Spring Bank Pharmaceuticals Inc FSTX.O, down 51.4% ** PolarityTE Inc PTE.O, down 43.2% ** Bellerophon Therapeutics Inc BLPH.O, down 24.8% ** AstraZeneca PLC AZN.O: down 1.9% premarket BUZZ-Street View: COVID-19 vaccine data 'good enough' ** Leju Holdings Limited LEJU.N: up 2.3% premarket BUZZ-Rises on higher Q3 revenue, profit ** Tesla Inc TSLA.O: up 3.0% premarket BUZZ-Wedbush raises PT on rising global electric vehicle demand ** Regeneron Pharmaceuticals Inc REGN.O: up 3.3% premarket BUZZ-Up after FDA grants emergency use authorization to COVID-19 therapy ** Baozun Inc BZUN.O: down 3.6% premarket BUZZ-Falls as Q3 rev misses estimates ** Foot Locker Inc FL.N: down 1.3% premarket BUZZ-Piper Sandler cuts to 'underweight' on COVID-19 pressure ** Roku Inc ROKU.O: up 2.3% premarket BUZZ-Gains after Needham raises PT on advertising strength ** Huami Corp HMI.N: up 1.8% premarket BUZZ-Rises on higher Q3 revenue ** Southwest Airlines Co LUV.N: up 1.4% premarket ** Alaska Air Group Inc ALK.N: up 0.6% premarket ** Delta Air Lines Inc DAL.N: up 1.6% premarket ** American Airlines Group Inc AAL.O: up 1.8% premarket ** Spirit Airlines Inc SAVE.N: up 1.3% premarket ** Royal Caribbean Cruises Ltd RCL.N: up 1.5% premarket ** Norwegian Cruise Line Holdings Ltd NCLH.N: up 2.8% premarket ** Carnival Corp CCL.N: up 2.0% premarket BUZZ-Airlines, cruise operators gain on new vaccine headway ** Sonoma Pharmaceuticals Inc SNOA.O: up 10.1% premarket BUZZ-Gains on strong Q2 results ** Goldman Sachs Group Inc GS.N: up 1.3% premarket ** JPMorgan Chase & Co JPM.N: up 1.2% premarket ** Morgan Stanley MS.N: up 1.4% premarket ** Bank of America Corp BAC.N: up 1.1% premarket ** Wells Fargo & Co WFC.N: up 1.3% premarket ** Citigroup Inc C.N: up 1.4% premarket BUZZ-U.S. big banks rise on 'vaccine for the world' data ** FuboTV Inc FUBO.N: up 4.0% premarket BUZZ-Rises after brokerage raises PT on connected TV upside ** Altice USA Inc ATUS.N: up 7.3% premarket BUZZ-Jumps on $2.5 bln buyback ** Apex Technology Acquisition Corp APXT.O: up 5.2% premarket BUZZ-Rises on $2 bln merger ** HP Inc HPQ.N: up 0.6% premarket BUZZ-Up as Evercore raises PT in run-up to Q4 results ** Niu Technologies NIU.O: down 7.5% premarket BUZZ-Falls on Q3 revenue miss, dour outlook ** Ideanomics Inc IDEX.O: up 24.0% premarket BUZZ-Raises stake in e-tractor developer, shares soar ** China Online Education Group COE.N: up 17.0% premarket BUZZ-Rises on Q3 results beat ** Warner Music Group Corp WMG.O: up 1.5% premarket BUZZ-Rises on strong Q4 results (Compiled by Amruta Khandekar) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to rise on Monday as hopes that the first COVID-19 vaccine could be available within weeks renewed bets of a swift economic recovery next year. .N At 9:04 am ET, Dow e-minis 1YMc1 were up 0.45% at 29,344.
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c614cd06-9f60-470a-bf19-a41e2a168020
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4997.0
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2020-11-23 00:00:00 UTC
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Should You Sell Airline Stocks as Coronavirus Cases Surge?
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AAL
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https://www.nasdaq.com/articles/should-you-sell-airline-stocks-as-coronavirus-cases-surge-2020-11-23
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nan
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nan
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The latest wave of the COVID-19 pandemic looks like it could be even worse than the initial outbreak that tore across the U.S. this spring. With the coronavirus rampaging out of control, airline bookings -- already weak by historical standards -- are slowing further. Meanwhile, cancellations are on the rise.
Last week, several U.S. airlines acknowledged the recent demand downturn, including American Airlines (NASDAQ: AAL), United Airlines (NASDAQ: UAL), and Alaska Air (NYSE: ALK). Does the latest setback mean it's time to sell airline stocks? Or does positive news about vaccine development make it a good time to buy? Let's take a look.
Image source: American Airlines.
The pandemic takes a turn for the worse
As recently as the second week of September, the U.S. was reporting an average of just 35,000 new COVID-19 cases and 750 deaths per day, according to data gathered by The New York Times. About 30,000 people were hospitalized due to COVID-19 symptoms as of mid-September.
Unfortunately, all coronavirus-related statistics have moved sharply in the wrong direction over the past two months. The number of cases has nearly quintupled since mid-September, the number of hospitalizations has almost tripled, and the death rate has almost doubled.
Initially, the most recent uptick in COVID-19 cases didn't stop a trend of gradual improvement in U.S. air travel demand. However, with the coronavirus seemingly spreading like wildfire and health officials urging people to stay home -- and to avoid holiday travel in particular -- it looks like the most recent leg of the air travel recovery is fizzling out.
A change in booking activity
The number of people passing through TSA checkpoints has held steady for the past six weeks (roughly speaking), following two months of gradual improvement. Despite the lack of sequential growth, most airline executives have been upbeat about demand for holiday travel. That, along with vaccine progress, has helped most airline stocks edge higher over the past few months.
Airline stock performance comparison, data by YCharts.
U.S. airlines are now sounding a note of caution, though. In a Thursday SEC filing, United Airlines noted, "In the last week, ending November 18, 2020, there has been a deceleration in system bookings and an uptick in cancellations as a result of the recent spike in COVID-19 cases." The same day, Alaska Air said that cash burn was likely to increase sequentially from October to November. "We believe that renewed restrictions by many state and local governments have negatively impacted demand in the immediate term," the company stated. American Airlines' management acknowledged similar trends at an industry conference.
Of course, there are still plenty of people willing to travel. But it seems increasingly unlikely that there will be a big step-change improvement in demand. Making matters worse, demand tends to be at its lowest during the first quarter. If anything, air travel trends could weaken again in the first two or three months of 2021.
Quality is still the key
So what does the recent change in demand trends mean for airline stocks? It depends on which airline you're talking about. Airlines with strong balance sheets don't have to worry too much about short-term trends. Obviously, it's better to burn less cash than to burn more cash. However, stronger airlines can afford to take near-term losses, looking forward to a likely rebound in demand starting around the middle of next year, after COVID-19 vaccines become widely available.
For example, Alaska Air finished last quarter with nearly $3.8 billion of cash and investments and a manageable $5.4 billion of debt and lease liabilities. While it expects to burn between $125 million and $150 million in November, up from $97 million in October, near-term cash burn clearly won't break the bank.
By contrast, American Airlines ended Q3 with $8.3 billion of unrestricted cash and investments but a staggering $41.2 billion of debt and pension liabilities. Its initial Q4 forecast implied that it would burn another $2.5 billion or so this quarter. The airline has issued shares several times this year, significantly diluting American Airlines stock owners while only covering a fraction of the company's cash burn. For American Airlines, every additional dollar burned in the months ahead will make it harder to recover.
American Airlines and United Airlines face two additional burdens. First, they have high cost structures. Those costs help them attract business travelers during normal times, but most industry officials expect business travel demand to recover very gradually. Second, both airlines -- but especially United -- have high exposure to long-haul international travel: another market segment that is widely expected to recover slowly.
Thus, the recent setback for air travel demand isn't a reason to sell all airline stocks. However, investors would probably be better off holding shares of higher-quality airlines like Alaska Air while avoiding shares of more troubled names like American Airlines and United Airlines.
10 stocks we like better than American Airlines Group
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Adam Levine-Weinberg owns shares of Alaska Air Group. The Motley Fool recommends Alaska Air Group. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last week, several U.S. airlines acknowledged the recent demand downturn, including American Airlines (NASDAQ: AAL), United Airlines (NASDAQ: UAL), and Alaska Air (NYSE: ALK). The pandemic takes a turn for the worse As recently as the second week of September, the U.S. was reporting an average of just 35,000 new COVID-19 cases and 750 deaths per day, according to data gathered by The New York Times. A change in booking activity The number of people passing through TSA checkpoints has held steady for the past six weeks (roughly speaking), following two months of gradual improvement.
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Last week, several U.S. airlines acknowledged the recent demand downturn, including American Airlines (NASDAQ: AAL), United Airlines (NASDAQ: UAL), and Alaska Air (NYSE: ALK). Initially, the most recent uptick in COVID-19 cases didn't stop a trend of gradual improvement in U.S. air travel demand. Those costs help them attract business travelers during normal times, but most industry officials expect business travel demand to recover very gradually.
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Last week, several U.S. airlines acknowledged the recent demand downturn, including American Airlines (NASDAQ: AAL), United Airlines (NASDAQ: UAL), and Alaska Air (NYSE: ALK). The airline has issued shares several times this year, significantly diluting American Airlines stock owners while only covering a fraction of the company's cash burn. However, investors would probably be better off holding shares of higher-quality airlines like Alaska Air while avoiding shares of more troubled names like American Airlines and United Airlines.
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Last week, several U.S. airlines acknowledged the recent demand downturn, including American Airlines (NASDAQ: AAL), United Airlines (NASDAQ: UAL), and Alaska Air (NYSE: ALK). The same day, Alaska Air said that cash burn was likely to increase sequentially from October to November. If anything, air travel trends could weaken again in the first two or three months of 2021.
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9d1f7671-6b74-49ab-b8a2-63db90c11915
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4998.0
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2020-11-23 00:00:00 UTC
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Pre-Market Most Active for Nov 23, 2020 : FCEL, NIO, LI, XPEV, AAL, CCL, SNY, PFE, KNDI, PLTR, SBE, UAL
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-nov-23-2020-%3A-fcel-nio-li-xpev-aal-ccl-sny-pfe-kndi-pltr-sbe
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 41.79 to 11,948.23. The total Pre-Market volume is currently 26,743,890 shares traded.
The following are the most active stocks for the pre-market session:
FuelCell Energy, Inc. (FCEL) is +0.71 at $6.25, with 2,990,084 shares traded. FCEL's current last sale is 277.78% of the target price of $2.25.
NIO Inc. (NIO) is +1.1999 at $50.45, with 2,632,858 shares traded. NIO's current last sale is 168.17% of the target price of $30.
Li Auto Inc. (LI) is +3.28 at $41.40, with 1,678,441 shares traded. LI's current last sale is 159.23% of the target price of $26.
XPeng Inc. (XPEV) is +2.6 at $56.49, with 1,418,118 shares traded., following a 52-week high recorded in prior regular session.
American Airlines Group, Inc. (AAL) is +0.23 at $12.76, with 1,373,037 shares traded. AAL's current last sale is 127.6% of the target price of $10.
Carnival Corporation (CCL) is +0.46 at $17.83, with 1,323,202 shares traded. CCL's current last sale is 118.87% of the target price of $15.
Sanofi (SNY) is +0.1099 at $50.63, with 1,112,507 shares traded. SNY's current last sale is 81.66% of the target price of $62.
Pfizer, Inc. (PFE) is +0.4599 at $37.16, with 874,596 shares traded. PFE's current last sale is 88.48% of the target price of $42.
Kandi Technologies Group, Inc. (KNDI) is +0.64 at $12.70, with 827,273 shares traded. KNDI's current last sale is 105.83% of the target price of $12.
Palantir Technologies Inc. (PLTR) is +0.42 at $18.57, with 809,244 shares traded. PLTR's current last sale is 128.07% of the target price of $14.5.
Switchback Energy Acquisition Corporation (SBE) is +3.44 at $29.60, with 771,258 shares traded., following a 52-week high recorded in prior regular session.
United Airlines Holdings, Inc. (UAL) is +0.7201 at $40.62, with 563,341 shares traded. UAL's current last sale is 96.71% of the target price of $42.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is +0.23 at $12.76, with 1,373,037 shares traded. AAL's current last sale is 127.6% of the target price of $10. XPeng Inc. (XPEV) is +2.6 at $56.49, with 1,418,118 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.23 at $12.76, with 1,373,037 shares traded. AAL's current last sale is 127.6% of the target price of $10. XPeng Inc. (XPEV) is +2.6 at $56.49, with 1,418,118 shares traded., following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is +0.23 at $12.76, with 1,373,037 shares traded. AAL's current last sale is 127.6% of the target price of $10. The total Pre-Market volume is currently 26,743,890 shares traded.
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American Airlines Group, Inc. (AAL) is +0.23 at $12.76, with 1,373,037 shares traded. AAL's current last sale is 127.6% of the target price of $10. NIO's current last sale is 168.17% of the target price of $30.
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e1bf06d3-e3eb-46c1-ba2d-b9249ce87d27
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4999.0
|
2020-11-22 00:00:00 UTC
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Should Investors Consider These Airline Stocks To Buy Now? 3 Names To Watch
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AAL
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https://www.nasdaq.com/articles/should-investors-consider-these-airline-stocks-to-buy-now-3-names-to-watch-2020-11-22
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nan
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nan
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Are These The Best Airline Stocks To Buy Before The End Of The Month Amid Positive Vaccine News?
Airline stocks have been hit hard due to the coronavirus pandemic in the stock market this year. Despite reported COVID-19 cases surging around the globe, investors may finally be seeing the light at the end of the tunnel. In recent weeks, top airline stocks have been flying higher as positive vaccine news has fueled hopes of an early reopening. The NYSE Arca Airline Index (JETS Stock Report) has increased by about 22% since the beginning of November. We have received positive clinical data from Pfizer’s (PFE Stock Report) and Moderna’s (MRNA Stock Report) coronavirus vaccines sending some of the best airline stocks to buy higher. The companies reported their vaccines showed an effectiveness of 95%, and 94.5%, respectively.
While these top airline stocks may be trading at a big discount, cheap doesn’t always mean it’s a value buy (for the time being at least). So when there’s positive news announcing the high effectiveness of COVID-19 vaccine candidates, you can understand why investors have been on the hunt for the top airline stocks to watch right now. After all, that could suggest that other vaccine candidates in the pipeline could have a good possibility of being successful as well.
For these reasons, airline stock investors have a lot of reasons to be excited again. The positive vaccine news could suggest that the coronavirus pandemic is finally coming to an end. But it’s important to note that it will take some time to distribute the vaccines to the masses globally. For investors betting on a full recovery in top airline stocks, patience is key. With all that being said, let’s take a closer look at 3 of the best airline stocks to buy or sell in the stock market today.
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Best Airline Stocks To Buy [Or Sell] Now: American Airlines Group Inc.
First up on the list is, American Airlines Group Inc. (AAL Stock Report). American Airlines is one of the largest airline companies in the world. The airline has more than 200 million passengers every year, and more than 500,000 passengers daily. Obviously, the COVID-19 pandemic has hugely impacted these numbers, but as we’re on the brink of distributing a vaccine, we’ve seen AAL stock move higher. Month-to-date AAL stock has recovered 11.97% closing Friday’s trading session at $12.53 a share.
In October the company reported its third-quarter earnings. The losses were more narrow than analysts and investors estimated. The company reported revenues of $3.2 billion, a 73% drop year-over-year. This still beats loss expectations from Wall Street. American Airlines also reported a 59% decrease in total available seat miles, and a net loss for the third quarter of $2.4 billion.
Doug Parker, CEO of American Airlines mentioned, “We have a long road ahead and our team remains fully engaged and focused not just on managing through the pandemic, but on making sure we are prepared for when demand returns.”
So why is AAL stock on this list? Well, as we continue to get positive vaccine updates you will start to see re-opening stocks continue to move higher. This will have a direct impact on airline stocks in the market as more people get back to leisure and business travel. Being that American Airlines is one of the biggest airline companies in the world, should you consider AAL stock now for your long-term portfolio?
Best Airline Stocks To Buy [Or Sell] Now: United Airline Holdings
Next up on the list is United Airline Holdings (UAL Stock Report). Analysts from JP Morgan have reported that United Airlines is one of the best airline stocks to buy right now. Analysts are optimistic that United Airlines can absorb the current downturn with enough liquidity. They also see a big potential upside from its current valuation. JP Morgan has updated its price target for UAL stock from $44 to $52. Since this positive vaccine news, UAL stock has increased 24.24%, closing Friday’s trading session at $40.94 a share.
The positive vaccine news from Moderna and Pfizer is great for UAL’s plan to jumpstart its business. The company has already begun to execute its plan to launch COVID-19 rapid tests for all passengers moving forward. On November 16th, the company reported that its passengers on a flight from Newark Liberty International Airport to London Heathrow were the first to receive the airline’s free transatlantic COVID-19 testing pilot program. This meant every passenger over the age of two years old and all crew members on the flight was administered rapid tests. Everyone on that flight-tested negative prior to taking off.
“These flights are a good proof-of-concept for governments around the world that are considering making testing part of the travel experience,” commented Toby Enqvist, Chief Customer Officer for United. “Expanding our testing efforts with pilot programs like this one not only helps guarantee passengers* onboard test negative for COVID-19, it also adds another element to our layered approach to safety and demonstrates a way to work within quarantines to key international destinations.”
Now, this is just a pilot program. But if this can prove to be successful at scale we could quickly see other airline stocks follow suit. With all that being said, is UAL stock the best airline stocks to buy now among its competitors?
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Best Airline Stocks To Buy [Or Sell] Now: Southwest Airlines
Last on the list of top airline stocks is Southwest Airlines (LUV Stock Report). LUV stock has been one of the best performing airline stocks since the positive vaccine news was first reported. Since the beginning of November, LUV stock is up 21.42% closing on Friday at $46.08 per share. The Dallas-based company is currently the nation’s largest domestic air carrier. In 2019 its customer base exceeded 130 million passengers.
Last month Southwest reported its third-quarter earnings. The company reported a net loss of a whopping $1.2 billion, or $1.96 net loss per diluted share. What makes LUV so attractive to investors is its ability to maintain a strong balance sheet. Southwest ended its third quarter with liquidity of $15.6 billion. This is more than enough to cover its current outstanding debt.
“We are one of just a few airlines in the world that limits the number of seats available for sale to promote distancing onboard our aircraft, and we will continue to do so through November. This practice of effectively keeping middle seats open bridged us from the early days of the pandemic, when we had little knowledge about the behavior of the virus, to now. Today, aligned with science-based findings from trusted medical and aviation organizations, we will resume selling all available seats for travel beginning December 1, 2020,” stated Gary C. Kelly, Chairman, and CEO at Southwest.
The company seems to be taking advantage of its balance sheet to capture a bigger market share within the United States. Having the liquidity and wherewithal to be able to make it through the Pandemic, is why LUV stock is on this list. Do you have LUV stock on your watchlist right now?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Doug Parker, CEO of American Airlines mentioned, “We have a long road ahead and our team remains fully engaged and focused not just on managing through the pandemic, but on making sure we are prepared for when demand returns.” So why is AAL stock on this list? Best Airline Stocks To Buy [Or Sell] Now: American Airlines Group Inc. First up on the list is, American Airlines Group Inc. (AAL Stock Report). Obviously, the COVID-19 pandemic has hugely impacted these numbers, but as we’re on the brink of distributing a vaccine, we’ve seen AAL stock move higher.
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Best Airline Stocks To Buy [Or Sell] Now: American Airlines Group Inc. First up on the list is, American Airlines Group Inc. (AAL Stock Report). Obviously, the COVID-19 pandemic has hugely impacted these numbers, but as we’re on the brink of distributing a vaccine, we’ve seen AAL stock move higher. Month-to-date AAL stock has recovered 11.97% closing Friday’s trading session at $12.53 a share.
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Best Airline Stocks To Buy [Or Sell] Now: American Airlines Group Inc. First up on the list is, American Airlines Group Inc. (AAL Stock Report). Obviously, the COVID-19 pandemic has hugely impacted these numbers, but as we’re on the brink of distributing a vaccine, we’ve seen AAL stock move higher. Month-to-date AAL stock has recovered 11.97% closing Friday’s trading session at $12.53 a share.
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Best Airline Stocks To Buy [Or Sell] Now: American Airlines Group Inc. First up on the list is, American Airlines Group Inc. (AAL Stock Report). Obviously, the COVID-19 pandemic has hugely impacted these numbers, but as we’re on the brink of distributing a vaccine, we’ve seen AAL stock move higher. Month-to-date AAL stock has recovered 11.97% closing Friday’s trading session at $12.53 a share.
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